Evaluation of Security Vulnerability Scanners for Small and Medium Enterprises Business Networks Resilience towards Risk Assessment

The issues about legislation of safety management, as well as main techniques of "risk analysis and evaluation", are widely integrated in complex production environment. From an organizational and technological point of view, it’s not easy to implement these techniques in Small and Medium Enterprises. In fact, each technique does not permit a complete and exhaustive analysis and quantification of risks. Application of aforementioned methods does allow for achievement of a wide number of benefits. The aim of this paper is to critically analyse both analysis and risk assessment processes. In this paper, integration between System Dynamics and Layers of Protection Analysis technique is provided in order to enhance results of risk management. System Dynamics shows to be very effective in evaluating interaction effect of different incidental scenarios properly identified through risk analysis technique used. System Dynamics modelling permits simulation through changes in time and feedback mechanism. This approach has been validated via testing in a plastic molding plant with a scenario of risk of a massive fire.

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Types of foreign networks and internationalization performance of Korean SMEs

Multinational Business Review ◽

10.1108/mbr-08-2015-0039 ◽

2016 ◽

Vol 24 (1) ◽

pp. 47-61 ◽

Cited By ~ 7

Author(s):

So Won Jeong

Keyword(s):

Financial Performance ◽

Small And Medium Enterprises ◽

International Markets ◽

Performance Outcomes ◽

Business Networks ◽

Content Type ◽

Strategic Performance ◽

Medium Enterprises ◽

Performance Satisfaction ◽

The Impact

Purpose The purpose of the study is to empirically analyze how various types of foreign networks influence the internationalization performance of Korean small and medium enterprises (SMEs). The specific aim is to investigate the impact of each network type (family and friends, clients (buyers, vendors, etc.), potential buyers contacted through an Internet search for export, acquaintances from trade shows and fairs and acquaintances from government organizations) on internationalization performance outcomes, such as financial performance, financial performance satisfaction and strategic performance. Design/methodology/approach To identify influential foreign networks, multiple regression analysis was conducted. The sample consisted of 484 exporting Korean SMEs. Findings The results emphasized the role of business networks with clients in enhancing financial performance, financial performance satisfaction and strategic performance of Korean SMEs in international markets. Originality/value The research contributes to the expansion of SME internationalization literature by identifying various types of foreign networks used in international markets and revealing their differential roles on the internationalization performance of Korean SMEs.

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REGULATION OF THE LEGALITY OF MICRO, SMALL AND MEDIUM ENTERPRISES THROUGH THE ONLINE SINGLE SUBMISSION SYSTEM TO INCREASE COMPETITIVENESS

Jurnal Pembaharuan Hukum ◽

10.26532/jph.v7i2.10990 ◽

2020 ◽

Vol 7 (2) ◽

pp. 159

Author(s):

Amin Purnawan ◽

Siti Ummu Adillah

Keyword(s):

Human Resource Development ◽

Human Resource ◽

Research Method ◽

Small And Medium Enterprises ◽

Descriptive Analysis ◽

Resource Development ◽

Electronic Business ◽

Business Networks ◽

Partnership Development ◽

Medium Enterprises

The purpose of this paper is to review the regulation of the legality of micro, small, and medium enterprises (MSMEs) through the Online Single Submission System (OSS) to increase competitiveness, as well as to analyze barriers and solutions. The research method used an empirical juridical approach, the collected data were analyzed by descriptive analysis. The results showed that the problematic implementation of the regulation of MSME business legality registration through the OSS System was mainly due to the lack of socialization and education to MSME entrepreneurs regarding the obligation to register permits through OSS. This affects the compliance of MSMEs in processing their business permits. The solutions that need to be done include increasing the socialization of Integrated Electronic Business Licensing Services/Online Single Submission. MSME players need to be empowered through human resource development, capital support, production and productivity, business protection, partnership development, business networks and marketing as well as business legality, especially registration of business licenses through the Integrated Electronic Business Licensing Service.

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Operational Risk Assessment and Management in Small and Medium-sized Enterprises

Verslas teorija ir praktika ◽

10.3846/btp.2015.568 ◽

2015 ◽

Vol 16 (2) ◽

pp. 140-148 ◽

Cited By ~ 1

Author(s):

Viktorija Stasytytė ◽

Loreta Aleksienė

Keyword(s):

Risk Assessment ◽

Risk Management ◽

Small And Medium Enterprises ◽

Value Added ◽

Operational Risk ◽

Business Environment ◽

Enterprise Risk ◽

Uncertain Future ◽

Medium Enterprises ◽

Risk Assessment And Management

Modern organizations have raised a need to actively and quickly react to the changes in external business environment, as well as in internal processes considering not only the present situation, but also evaluating possible changes and forecasting the future. Enterprise risk assessment and management, which is strongly related with foreseeing the uncertain future, becomes topical not only scientifically, but also practically seeking to reveal new and unique solutions. Operational risk management in small and medium enterprises, creating the largest part of value added in the whole European Union, demands a separate attention and coordinated decisions and means. The objective of the paper – to analyse the process of enterprise risk management in small and medium-sized enterprises, as well as to propose adequate risk management solutions for these companies. After performing a research, it was found out that small and medium enterprises more than big organizations require a risk management strategy and methodology, need to distinguish activity objectives and events influencing them, and they can efficiently apply a risk portfolio method to manage risk. In small and medium enterprises it is recommended to incorporate a risk management system based on COSO ERM model that can be modified depending on company needs and possibilities, turning it into less formal and structured and easily applicable.

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Digital Inclusion Of Ict And Its Implication Among Entrepreneurs Of Small And Medium Enterprises

International Journal of Engineering and Advanced Technology - Regular Issue ◽

10.35940/ijeat.e1106.0585c19 ◽

2019 ◽

Vol 8 (5C) ◽

pp. 747-752

Keyword(s):

Digital Media ◽

Small And Medium Enterprises ◽

Strong Relationship ◽

Business Environment ◽

Business Networks ◽

Digital Inclusion ◽

Information And Communication ◽

Marketing Tool ◽

The Government ◽

Medium Enterprises

The emergence of new digital technologies and the existence of digital media has had an important impact in changing the operation of business environment. Correspondingly, the diversity of applications and digital media has now provided a broader space for the users, including the entrepreneurs, to enhance and upsurge their contact with customers and suppliers in entrepreneurship sector. Information and Communication Technology (ICT) and the Web are particularly the integrated and dynamic tool in nurturing entrepreneurship as well as act as the communication and marketing tool to grow the business. It is important to explore the new phenomenon in entrepreneurship that is closely related to ICT usage. The purpose of this study was to identify the patterns of ICT usage and to analyze the relationship between digital inclusion and its implications among entrepreneurs of small and medium enterprises (SMEs). The quantitative method is employed in this study with samples aimed at focusing on entrepreneurs in the Klang Valley. A questionnaire was distributed directly to 500 respondents aged between 18 to 55 years old. The data collected were analyzed descriptively and with correlation inference by using the SPSS software. The finding indicated a significant and strong relationship between digital inclusion and its implications (p <0.005, r = .685) among entrepreneurs of SMEs. It revealed that the entrepreneurs with high involvement in ICT usage have high implications in terms of innovation and business satisfaction. The study recommends that the government should play a dynamic role in education and training for the development of the SMEs as well as bridge the gap among the SMEs to adopt the use of digital media tools. In sum, the use of ICT contributes to enhance a number of benefits such as to be more competitive, innovative, expanding business networks and gaining more global marketing opportunities.

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SME Financial Management

Enterprise Development in SMEs and Entrepreneurial Firms ◽

10.4018/978-1-4666-2952-3.ch018 ◽

2013 ◽

pp. 330-342 ◽

Cited By ~ 1

Author(s):

Edna Stan-Maduka

Keyword(s):

Risk Assessment ◽

Risk Management ◽

Financial Management ◽

Business Processes ◽

Small And Medium Enterprises ◽

Risk Mitigation ◽

Simplified Approach ◽

Medium Enterprises ◽

Operational Processes

Regulators’ efforts to create awareness of risk management in Small and Medium Enterprises (SMEs) have heightened since the 2008 recession which affected many economies. The objective has been to stress the fundamental role of risk assessment and mitigation in the protection of business processes and profitability of SMEs. This has been hard to achieve due to the inadequate financial and operational processes within small and medium enterprises. This chapter presents an exploration of risk management in SMEs and a simplified approach to SME risk assessment and operational risk mitigation.

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Contractual networks: an organizational model to reduce the competitive disadvantage of small and medium enterprises (SMEs) in Europe’s less developed regions. A survey in southern Italy

International Entrepreneurship and Management Journal ◽

10.1007/s11365-019-00616-2 ◽

2019 ◽

Vol 16 (4) ◽

pp. 1503-1535

Author(s):

Patrizia Pastore ◽

Antonio Ricciardi ◽

Silvia Tommaso

Keyword(s):

Small And Medium Enterprises ◽

Small Enterprises ◽

Business Networks ◽

Business Network ◽

Legal Personality ◽

Positive Effects ◽

Competitive Disadvantage ◽

Quantitative Analyses ◽

Contractual Agreements ◽

Medium Enterprises

AbstractLimitations faced by southern Italy’s small enterprises due to their dimensions may be overcome by cooperation strategies and network contracts. The international literature has highlighted that effectively governed business networks appear to more successfully allow partner firms to improve their economic performance and survive over time. This paper combines qualitative and quantitative analyses to test the above hypothesis. It also analyses the performance of southern Italian firms that have joined business network contracts equipped with legal personality — the so called “reti soggetto” or “heavy contractual networks” (HCNs) — compared to firms participating in business networks based only on contractual agreements, devoid of legal personality—the so called “reti contratto” or “light contractual networks” (LCNs). Our findings demonstrate that only 13% of all registered business networks are in fact operative. Among the networks with legal personality, approximately 28% are active networks. A similar trend was observed for network contracts devoid legal personality: only 11% are truly active. Performance measures (including profitability, financial situation indicators, and debt sustainability) also differ for firms belonging to HCN, compared to those belonging to LCN, in the years following the subscription of the network contract. Empirical analysis suggests that HCNs have significant positive effects on the performance of participant firms. We thus propose to verify the conditions that strengthen business networks in the south of Italy. We also recommend promoting the establishment of networks with juridical subjectivity. Such networks can be effective tools to strengthen the competitiveness of SMEs despite external diseconomies, which can markedly improve their creditworthiness.

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