Creating a management view on key indicators using business intelligence in small and medium enterprises

2016 ◽  
Author(s):  
Veronika Simoncicova ◽  
Pavol Tanuska
Keyword(s):  
Business Intelligence ◽  
Small And Medium Enterprises ◽  
Medium Enterprises ◽  
Key Indicators

A Study on the Analytics Tool Used in Decision Making at Small and Medium Enterprise

2015 ◽  
Vol 3 (1) ◽  
Author(s):  
Vivek N. Bhatt
Keyword(s):  
Decision Making ◽  
Business Intelligence ◽  
Small And Medium Enterprises ◽  
Small Scale ◽  
Know How ◽  
Decision Making Styles ◽  
Routine Basis ◽  
Medium Enterprise ◽  
Decision Making Processes ◽  
Medium Enterprises

The article focuses on the study of prevailing decision making styles of Small Scale Industrial (SSI) Units. It presents data collected from 200 SSI units from Bhavnagar – a coastal city of Gujarat, India. The objective of writing the article is to depict heuristic decision patterns of small and medium enterprises, and the rare use of analytical or statistical business intelligence tools in decision making processes. It would be interesting to study the design of decision taken on routine basis in small units, poorly equipped with technology and technical know-how. The paper is descriptive in terms, and lays a lucid picture of present decision making processes.

A BALANCED LABOR MARKET AS A PREVENTIVE TOOL FOR RESTRICTING EXTERNAL LABOR MIGRATION

2017 ◽  
Author(s):  
Nadiya Rushchyshyn ◽  
◽  
Olha Mulska ◽  
Keyword(s):  
Labor Market ◽  
Social Protection ◽  
Labor Relations ◽  
Small And Medium Enterprises ◽  
The State ◽  
Employment Policy ◽  
Role Of The State ◽  
Educational Migration ◽  
Medium Enterprises ◽  
Key Indicators

The article describes the labor market as an element of the economic system that determines the direction and pace of macroeconomic development, affects the welfare of the population and social protection. The dynamics of reduction of labor force for 2010-2020 due to the increase in the level of external labor and educational migration is given. It is substantiated that the creation of high-paying jobs and the reform of the wage system are effective tools for regulating external migration, which reduces aggregate supply, unemployment and the load on vacant demand. It is outlined that the development of the market of the newest forms of employment and freelance by stimulating the population to create small and medium enterprises, providing organizational, economic and regulatory prerequisites for the development of youth business, can be considered an effective tool to curb migration. The tools of improving the state employment policy are given, namely the tools of balancing the labor market of Ukraine in the projection of the state policy of migration management. The reasons for the growth of unemployment among graduates of educational institutions, youth and skilled people, which encourage potential migration in a period of socio-economic instability and political turmoil. Means of ensuring the preservation of intellectual and human resources of Ukraine and avoiding a shortage of workers in the labor market, which encourage the development of appropriate information and analytical support for analyzing the needs of the labor market (regional, local, sectoral, professional) in the projection of labor supply. The basic vectors of development of the modern labor market which efficiency depends on realization of effective tools, and also structural transformations in the labor markets are resulted. The role of the state in ensuring positive changes and the formation of new transformational approaches in the field of social and labor relations is outlined. The main criteria and priorities for the formation of employment policy in Ukraine are highlighted and the transformation of new types of employment is emphasized. The key indicators of the new type of labor relations are given.

Analysis of Business Intelligence Solutions in the SME Sectors

2015 ◽  
Vol 795 ◽  
pp. 123-128
Author(s):  
Leszek Kiełtyka ◽  
Klaudia Smoląg
Keyword(s):  
Decision Making ◽  
Business Intelligence ◽  
Complex Analysis ◽  
Small And Medium Enterprises ◽  
Decision Makers ◽  
Current Events ◽  
Decision Making Processes ◽  
Barriers To Implementation ◽  
Medium Enterprises ◽  
Support Decision Making

Business intelligence (BI) solutions are aimed to help managers make decisions in enterprises. Through complex analysis, decision-makers are supported in building strategies of operation. Managers in small and medium-sized enterprises (SME) are also becoming more aware of the fact that conventional methodology of analysis of current events is insufficient. Therefore, the need arises for using the solutions that support the processes of data analysis, finding relationships between each other or pointing to important tendencies and anomalies. These systems were primarily oriented at larger enterprises. However, BI solutions are more and more often adjusted to SME enterprises, offering a complex tool to support decision-making processes. This paper presents key stages in evolution of BI systems and characterizes selected BI systems dedicated to small and medium enterprises (SMEs). Substantial barriers to implementation of BI systems in SMEs were also indicated.

scholarly journals Integrating Business Analytics into SMEs in Mexico: Challenges and Opportunities

2016 ◽  
pp. 41
Author(s):  
Jorge Luis Fernandez ◽  
Juan Edel Gutierrez ◽  
Luis A. Castro ◽  
Luis-Felipe Rodríguez
Keyword(s):  
Business Intelligence ◽  
Small And Medium Enterprises ◽  
Business Owners ◽  
Business Analytics ◽  
Trial And Error ◽  
Long Run ◽  
Starting Point ◽  
Challenges And Opportunities ◽  
Medium Enterprises

Entrepreneurs in Mexico start their businesses out of need, based on good ideas or to accomplish a “dream”. Nonetheless, starting out a business is not an easy task. Usually, business owners lack either professional background or financial knowledge, and focus only on keeping the business afloat, while trying to obtain profits. Business Intelligence and Analytics serve a great purpose in the growth of any company, but it is usually left out or ignored by small or medium enterprises, due to a lack of knowledge or because owners do not consider it necessary for a mid to long term plan. In the long run, businesses usually fail to achieve profit or cannot continue, and end up not knowing what went wrong. The information that a business generates could serve as a starting point for good and solid decision making, but the culture that dominates small and medium enterprises on any industry leaves important information unrecorded or unattended, forcing them to work based only on trial and error.

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