Win-Win Model between Large Enterprises and Small and Medium Enterprises based on Engineering Collaboration

The extraordinary development of the Information and Communication Technology (ICT) allows for innovative relationships among enterprises, organised in extended networks and regardless of their location. In this scenario, Large Enterprises can re-organise their traditional supply chains (generally formed by Small and Medium Enterprises) according to VIrtual Vertical Enterprise concepts and methodology, in order to obtain: (1) better control of subcontractors activities; (2) cost and delivery time reduction; (3) decrease of subcontractors number.

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Финансијска конкурентност привреде Републике Српске // Financial competitiveness of the economy Republic of Srpska

ACTA ECONOMICA ◽

10.7251/ace1523049v ◽

2018 ◽

Vol 13 (23) ◽

pp. 49

Author(s):

Саша Вученовић ◽

Драган Миловановић ◽

Милан Граховац

Keyword(s):

Financial Services ◽

Small And Medium Enterprises ◽

Balance Sheets ◽

Earning Capacity ◽

Financial Position ◽

The Social ◽

The Republic ◽

Medium Enterprises ◽

Large Enterprises ◽

Financial Competitiveness

Резиме: Конкурентност привреде подразумијева њену зарађивачку способност у односу на друге привреде у истој или другим земљама, односно њену способност привлачења инвестиција и прилагођавања друштвено-економским условима. У раду је дата анализа финансијске конкурентности привреде Републике Српске, по сегментима, малих, средњих и великих предузећа. С тим у вези, анализирали смо билансе стања и билансе успјеха предузећа привреде Републике Српске на бази података Агенције за посредничке, информатичке и финансијске услуге Републике Српске за период 2012-2013. година. Стога,, главни проблем истраживања гласи: „Колика је и каква финансијска конкурентност привреде Републике Српске?” Основни циљ рада је анализирати позицију предузећа Републике Српске према различитим показатељима финансијске конкурентности. У малим и средњим предузећима Републике Српске у периоду 2012−2013. година дошло је до раста капитала и смањења укупних обавеза, односно до побољшања финансијског положаја малих и средњих предузећа Републике Српске. С друге стране, у великим предузећима Републике Српске у периоду 2012-2013. година, дошло је до смањења капитала и повећања укупних обавеза, односно до погоршања финансијског положаја великих предузећа Републике Српске.Summary: The competitiveness of the economy including its earning capacity relative to other economies in the same or other countries, and its ability to attract investments and adjusting to the social and economic conditions. The paper presents an analysis of financial competitiveness of economy of the Republic of Srpska, by segment, of small, medium and large enterprises. In this regard, we have analysed the balance sheets and income statements of companies of the Republic of Srpska economy on the basis of data of the Agency for Intermediary, IT and financial services of the Republic of Srpska for the period 2012 to 2013. year. In this connection, the main problem of research as follows: „How much and what kind of financial competitiveness of the Republic of Srpska?” The main goal of this paper is to analyse the position of the Republic of Srpska companies according to various indicators of financial competitiveness. In small and medium enterprises of the Republic of Srpska in the period 2012-2013 . years there has been a growth of capital and reduction of total liabilities, or to improve the financial situation of small and medium enterprises of the Republic of Srpska. On the other side of the large enterprises of the Republic of Srpska in the period 2012-2013. years there was a reduction of capital and increase in total liabilities, or the deterioration of the financial position of large enterprises of the Republic of Srpska.

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ENTREPRENEURIAL MONEY MANAGEMENT PRACTICES AND COMPETITIVE OUTCOMES OF SMALL AND MEDIUM ENTERPRISES

International Journal of Management & Entrepreneurship Research ◽

10.51594/ijmer.v3i2.210 ◽

2021 ◽

Vol 3 (2) ◽

pp. 71-83

Author(s):

Fred Gichana Atandi

Keyword(s):

Management Practices ◽

Small And Medium Enterprises ◽

Money Management ◽

Product Portfolio ◽

Cross Sectional ◽

Study Results ◽

Competitive Outcomes ◽

The Government ◽

Medium Enterprises ◽

Large Enterprises

This study aimed at determining the effect of entrepreneurial money management practices on competitive outcomes of small and medium enterprises. The specific objectives of the study were to; assess the entrepreneurial money management practices of small and medium enterprises, determine the competitive outcomes of small and medium enterprises and to determine the relationship between entrepreneurial money management practices and competitive outcomes of small and medium enterprises. The study used both descriptive, cross-sectional and correlation research designs. The target population was 324 SMEs trading in Trans Nzoia county out of which 179 were sampled to participate in this study. The sampling method used was stratified and simple random sampling. The research instruments reliability test had a Cronbach alpha value of 0.825 which was above the threshold. The study findings indicated that entrepreneurial money management practices among SMEs was moderately embraced affecting their competitive outcomes. The study results also indicated that competitive outcomes of SMEs were dismal affecting their graduation into large enterprises. It was also found that there existed a positive significant relationship between entrepreneurial money management practices and competitive outcomes of SMEs. The study concluded that for SMEs to realize their competitive outcomes of increasing their respective product portfolio and increased revenue, it’s imperative that they apply entrepreneurial money management practices of prioritized financing, budgeting and adequate working capital to graduate SMEs to large enterprises. The study recommended that SMEs to allocate the realized financial resource prudently to exploit opportunities available to them to remain competitive. The study also recommended that SMEs should prioritize on innovations to differentiate themselves in the overcrowded market by expanding their bundle of product portfolio and also the government to formulate workable SME policies which impart entrepreneurial money management practices to improve SME performance. Keywords: Entrepreneurial, Money Management Practices, Competitive Outcomes, Small and Medium Enterprises.

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MANAGEMENT, MARKETING AND FINANCIAL APPROACHES TO ASSESSING THE SOCIO-ECOLOGICAL AND ECONOMIC EFFECT OF ENTERPRISE INTERACTION IN THE FACE OF CHANGING CONSUMER PREFERENCES

ED/2019/1 - The economic discourse ◽

10.36742/2410-0919-2021-1-12 ◽

2021 ◽

pp. 111-121

Author(s):

Iryna Hnatenko

Keyword(s):

System Analysis ◽

Consumer Preferences ◽

Small And Medium Enterprises ◽

Economic Effect ◽

Research Process ◽

Graphical Analysis ◽

Industrial Enterprises ◽

The Face ◽

Medium Enterprises ◽

Large Enterprises

Introduction. Differences in understanding the main sources of effect and benefits that accompany the interaction of SME with each other and with large industrial enterprises indicate the ambiguity of ways to measure and evaluate such interaction and its scope, which in the face of changing consumer preferences requires further study. Methods. The following special methods of scientific cognition were used in the research process: historical-logical method (in the study of the evolution of changes in the value of SMEs under the influence of changes in consumer preferences); method of systematization, classification and theoretical generalization (use of the potential of interaction between SMEs and large enterprises); method of institutional analysis (in the study of the transformation of the SME management process); method of system analysis (in the study of the classification of interactions of small and medium enterprises); method of logical analysis and synthesis (in the construction of forms of interaction between SMEs and large enterprises); method of graphical analysis (in the development of configurations of varieties of the structure of the satellite form of interaction of industrial SMEs and large enterprises). Results. It is proved that one of the directions of development of modern industrial SME in Ukraine is the use of various forms and methods of partnership: from concluding long-term bilateral supply agreements to creating new SME of design and process type to solve new problems. The most promising partners of manufacturing SME in Ukraine are large industrial enterprises, whose growth opportunities due to limited resources, high competition from foreign manufacturers, almost complete lack of state support are almost exhausted. Production SME are characterized by dipole and network interaction with large industrial enterprises - cooperation of their activities, which provides for mutually beneficial counterparty relations: a large enterprise on the basis of contractual relations orders from production SME certain products or services of production nature with definition of their specification or semi-finished products. The function of production SME is to perform a separate operation of the production process or a certain type of production service. Discussion. To study the possibilities of cooperation of industrial SMEs with large industrial enterprises, it is advisable to determine the regional specifics of industrial SMEs, using the method of rating the investment competitiveness of regions by number of manufacturing SMEs, number of employees, sales and financial results. This would make it possible to identify the districts of the region whose small production enterprises need the most support. Keywords: managerial, marketing and financial approaches, evaluation, socio-ecological-economic effect, interaction of enterprises, change of consumer preferences.

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Differences in TQM Performance of Small Enterprises

International Journal for Innovation Education and Research ◽

10.31686/ijier.vol6.iss3.984 ◽

2018 ◽

Vol 6 (3) ◽

pp. 60-68

Author(s):

Gertrude P Pannirselvam

Keyword(s):

Small And Medium Enterprises ◽

Past Research ◽

Assessment Tools ◽

Small Enterprises ◽

Baldrige Criteria ◽

Lower Priority ◽

Reported Data ◽

State Quality ◽

Medium Enterprises ◽

Large Enterprises

This research investigates how small enterprises differ from large enterprises in adopting and using TQM practices. This comparison of performance in TQM practices is based on the items in the Baldrige criteria. The scores of 86 applicants to a state quality award were statistically analyzed to look for any significant differences in the scores based on the size of the applicant. The feedback reports provided by the examiners were used to explain the significant differences in scores. The analysis indicates that the scores of small enterprises were significantly lower than medium and large enterprises. The lower scores reflect a lack of sustained, formal quality strategy and a lower priority given to continuous improvement. Information management in benchmarking and determination of employee and customer satisfaction also contribute to the lower scores. This study alerts consultants and managers to the possible areas that small enterprises need to focus on to get the best out of their TQM implementation. The study also indicates that the formality of the criteria in assessment tools such as the Baldrige award criteria may not be very suitable for small enterprises. Past research about the use of TQM in small and medium enterprises for the most part use self-reported data and rarely provide comparison to large enterprises. The study compares the performance of small enterprises with large enterprises and provides objective data to confirm the differences in performance of small enterprises in TQM practices.

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Large Enterprises Neglect Supporting SMEs in Mozambique

Journal of Economics and Public Finance ◽

10.22158/jepf.v4n1p77 ◽

2018 ◽

Vol 4 (1) ◽

pp. 77 ◽

Cited By ~ 1

Author(s):

Alen Sawaya ◽

Shepherd Bhero

Keyword(s):

Financial Stability ◽

Small And Medium Enterprises ◽

New Technology ◽

Quantitative Methodology ◽

Large Firms ◽

Face To Face ◽

Premature Deaths ◽

Medium Enterprises ◽

The Impact ◽

Large Enterprises

It is globally accepted that support to Small and Medium Enterprises (SMEs) at their birth and during growth is essential to nurture them in order to avoid premature deaths. Support to SMEs can come in many forms, but large enterprises support to SMEs, especially manufacturing ones is crucial to enable them to enhance their organizational structure, adoption of new technology and gaining financial stability. The objective of this research was to find out the impact of large firms support to SMEs and how the two sectors interact in the Mozambican economy. Using a sample of SMEs from Greater Maputo to represent the country as a whole, the study was carried out involving three sectors, manufacturing, services and commerce sub-sectors. The research used quantitative methodology applying face-to-face questionnaires, based on structured close ended questions. The study found that there was very little support to SMEs coming from large firm in Mozambique. It was recommended that more incentives and encouragements be given to large firms in order to increase their participation in SMEs development and growth in the country.

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Development of Micro, Small and Medium Enterprises and Their Constraints: A Story from Indonesia

Gadjah Mada International Journal of Business ◽

10.22146/gamaijb.5492 ◽

2011 ◽

Vol 13 (1) ◽

pp. 21 ◽

Cited By ~ 3

Author(s):

Tulus T. H. Tambunan

Keyword(s):

Gross Domestic Product ◽

Raw Materials ◽

Small And Medium Enterprises ◽

Secondary Data ◽

Domestic Product ◽

Medium Enterprises ◽

Large Enterprises

The main aim of this paper is to discuss recent development of micro, small and medium enterprises (MSMEs) and their current problems in Indonesia, based on analysis of secondary data on their performance focusing on their contribution to gross domestic product (GDP) and productivity, and their constraints. It shows that their GDP share is larger than that of large enterprises (LEs). But it is mainly because their number is huge, while their productivity is low. Their main constraints are mainly high cost of raw materials, marketing difficulties, and lack of capital.

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Study The Link Between Accounting and Taxation Practice in Vietnam

Journal of Accounting and Taxation ◽

10.47747/jat.v1i1.434 ◽

2021 ◽

Vol 1 (1) ◽

pp. 12-24

Author(s):

Anh Tuan Nguyen ◽

Tung Dao Nguyen ◽

Hien Thu Nguyen

Keyword(s):

Research Policy ◽

Small And Medium Enterprises ◽

Policy Makers ◽

Research Results ◽

Survey Results ◽

Accounting Rules ◽

Medium Enterprises ◽

The Relationship ◽

Large Enterprises

The objective of the study is to analyze and evaluate the link between accounting and taxation through the synthesis of domestic and foreign studies, combined with analysis of specific regulations in Vietnam. The study identifies 11 contents that have an interference between accounting and tax to conduct surveys in enterprises. After analyzing and explaining the survey results, the researcher decides to choose 06 representative contents in choosing the rules according to the level (low, medium, high) to conduct the analysis. The research results show that the tendency to choose to use accounting rules higher than tax rules and the link between accounting and taxation in Vietnam is moving to become more independent. At the same time, large enterprises will prefer the use of accounting rules over tax rules and vice versa for small and medium enterprises. Through the results of this research, policy makers can identify the position of the link between accounting and taxation, and then make decisions to adjust the relationship between accounting and taxation appropriately with the integration and development of Vietnam's economy.

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Ketertarikan dan Persepsi Mahasiswa Fakultas Ekonomika dan Bisnis untuk Bekerja di Usaha Kecil Menengah

BISMA (Bisnis dan Manajemen) ◽

10.26740/bisma.v11n1.p33-46 ◽

2018 ◽

Vol 11 (1) ◽

pp. 33

Author(s):

Etni Marliana

Keyword(s):

Business School ◽

Sampling Method ◽

Small And Medium Enterprises ◽

Primary Data ◽

Rank Test ◽

School Students ◽

Signed Rank ◽

Signed Rank Test ◽

Medium Enterprises ◽

Large Enterprises

Small and Medium Enterprises (SMEs) has exceptionally important role in Indonesian economic development. However, SMEs is facing some challenges due to lack of qualified human resources to work in this sector. This research is designed to identify the perception of business school students in working with SMEs. Futhermore, it also shows how SMEs is perceived to offer the job factors that are important for the students to dertermine a job. The sampling method used was purposive sampling method. The data were collected by primary data collection through questionnaires. Data analysis was performed with Wilcoxon Signed Rank Test. The result showed that business school students are less attracted to work with SMEs compare to large enterprises. Furthermore, students perceive that SMEs are better than large enterprises only interms of quality and managerial relationship, authority, and involvement in decision making. It is also perceived by the students that compare to large enterprise SMEs offer less job factors that are viewed to be important to determine a job.

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Lean Concept in Small and Medium Enterprises

Materials and Geoenvironment ◽

10.2478/rmzmag-2019-0010 ◽

2019 ◽

Vol 66 (2) ◽

pp. 129-137

Author(s):

Zorana Tanasić ◽

Goran Janjić ◽

Borut Kosec

Keyword(s):

Production Process ◽

Critical Review ◽

Small And Medium Enterprises ◽

Limited Resources ◽

Production Processes ◽

Lean Tools ◽

Medium Enterprises ◽

Lean Methods ◽

Tools And Methods ◽

Large Enterprises

AbstractThe Lean concept is recognisable by how fast innovations are implemented and production processes are improved. Likewise, analysis of the implementation of Lean concepts so far has shown that Lean methods and tools cannot be applied to small and medium enterprises (SMEs) in the same measure as they can be applied to large enterprises.This paper aims to present a critical review of the implementation of Lean concepts in SMEs with the claim that Lean concept can be successfully applied in all branches of industry, provided that the Lean concept is fully understood, and it’s meaning, principles and practice. Given that SMEs have limited resources, they often face difficulties during the implementation of all Lean tools and methods.Depending on the type of improvement in Kaizen activities, the Poka Yoke and Jidoka tools should be applied. Every improvement in the production process needs to be standardised as soon as possible so that the processes can become more continuous and efficient.

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