scholarly journals Model for assessing the success of SMEs in the internacionali­zation process

2010 ◽  
Vol 58 (6) ◽  
pp. 245-252
Author(s):  
Lea Kubíčková ◽  
Aleš Peprný ◽  
Šárka Nováková
Keyword(s):  
Risk Management ◽  
Success Factors ◽  
Small And Medium Enterprises ◽  
Evaluation Model ◽  
Internationalization Process ◽  
Key Factors ◽  
Simple Method ◽  
Key Success Factors ◽  
Simple Evaluation ◽  
Medium Enterprises

The paper deals with evaluating the success of small and medium-sized companies in in­ter­na­tio­na­li­za­tion process. The process of internationalization is defined in the literature in a many ways; there is a countless variety of different approaches and models of internationalization process of firms. Like all processes in the firm also the internationalization process is accompanied by risks. For risk management it is important to know what the key factors of success are in the international arena. In this article is presented a simple evaluation model that could be used by SMEs to determine not only how strong are they compared to competitors, but also at what level are their key success factors in the process of internationalization. The aim was to find a simple method to help small and medium enterprises to assess their situation in the field of internationalization and to help them identify their strengths and weaknesses in this area. Proposed simple evaluation model has the graphic output from which it can be seen in which areas the company is doing well in internationalization process and in what areas is doing badly – then there is room for further improvement. Creating the model it was essential to divide the various factors into several groups and further evaluation to determine the range by which SMEs can quantify the level of success in internationalization process. Before the model was constructed it was necessary to collect data among small and mid-sized firms, and to process the outputs of the survey. After confirmation or to rejection of the certain hypotheses key success factors of SMEs in the internationalization process were selected and these factors were then aggregated into 4 groups. The model was then applied to data obtained from a survey of 40 SMEs and in the paper there are presented specific examples of graphical output of the model for the best and worst rated company. Authors are aware that the model is simple and has its limits, there is the need of much more work and the authors foresee further modifications of this model.

Relational Benefits Analysis of Credit-Delivering Services for Small and Medium Enterprises in Indonesia

2014 ◽  
Vol 9 (1) ◽  
Author(s):  
Tatik Suryani
Keyword(s):  
Factor Analysis ◽  
Relationship Marketing ◽  
Success Factors ◽  
Small And Medium Enterprises ◽  
Social Benefits ◽  
Key Success Factors ◽  
Relational Benefits ◽  
Medium Enterprises ◽  
Item Scale

Relationship marketing is one of key success factors for maintaining customersfor the long term, and for establishing business competitive advantage. In thedelivery of credit to small and medium enterprises (SMEs), banks need to buildrelationships with the SME clients.  To formulate effective marketing strategiesin credit services, banks should know the SMEs preferences in terms of relational benefits. The objective of this study is to explore the relational benefits sought bythe SME clients from the banks as these SMEs apply credit for developing theirbusiness.  In Indonesia, SMEs are located in three different regions. Another objective is to determine the differences among the three regions in terms of the relational benefits sought. A total of 265 entrepreneurs from three regionsparticipated in the survey.  The factor analysis results show consistency with theprevious studies. The 15-item scale yield three benefit factors sought by SMEsincluding: confidence benefits (50, 46 %), social benefits (11, 16%), and specialtreatment benefits (7, 87%). The variance analysis show significant differences inthe three benefit factors sought by SMEs across the regions. This suggests thatbanks’ delivery of credit services to SME should consider these differences. Keywords - Marketing, relational benefits, confidence benefits, social benefits, specialtreatment benefits, Indonesia

scholarly journals The internationalization of SMEs operating in the engineering industry

2012 ◽  
Vol 60 (2) ◽  
pp. 279-284 ◽  
Author(s):  
Lenka Procházková ◽  
Lea Kubíčková
Keyword(s):  
Success Factors ◽  
Small And Medium Enterprises ◽  
Engineering Industry ◽  
Primary Research ◽  
Foreign Markets ◽  
Factors Affecting ◽  
Key Success Factors ◽  
Eu Countries ◽  
Medium Enterprises ◽  
National Economies

The importance of small and medium enterprises (SMEs) in the national economies of EU countries has been always growing. For these reasons, the increasing attention is paid to small and medium-sized enterprises also in the Czech economy. The paper is focused on the globalization of small and medium enterprises, in particular, identifying the key success factors of small and medium-sized businesses that operate in the engineering industry. For the purpose of fulfilling the objective of the article, the level of success of SMEs in foreign markets is established with the aggregate indicator of success. Subsequently the results of the primary research among the Czech engineering companies are presented, based on this research the factors affecting the success of these entities of engineering industry in foreign markets are defined.

scholarly journals Specifics of the Internationalization Process of Czech Engineering SMEs

2015 ◽  
Vol 63 (3) ◽  
pp. 947-956 ◽  
Author(s):  
Lea Kubíčková ◽  
Martina Toulová ◽  
Marcela Votoupalová
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Data Collection ◽  
Perceived Risk ◽  
Success Factors ◽  
Descriptive Statistics ◽  
Primary Data ◽  
Internationalization Process ◽  
Key Success Factors ◽  
Questionnaire Surveys

The aim of this paper is to define the specifics of the internationalization process of Czech engineering small and medium-sized enterprises (SMEs). Based on primary data collection among Czech engineering SMEs there were defined the main motives of the internationalization. There were also identified the factors subjectively considered by SMEs as the key success factors of the internationalization process. Attention was also paid to subjectively perceived risk factors of the internationalization process and to the issue of risk management in the internationalization process, while it was investigated whether the risk management affects the intensity of export of Czech engineering SMEs. Data were collected via electronic questionnaire surveys conducted in 2011 and 2012. In total 194 respondents (engineering SMEs) filled the questionnaires. The obtained data were processed on the basis of descriptive statistics. Moreover hypothesis testing was performed.

scholarly journals EXPERT SYSTEM FOR DATA SECURITY RISK MANAGEMENT FOR SMES / EKSPERTINĖS SISTEMOS SMULKIOJO IR VIDUTINIO VERSLO RIZIKOS VALDYMO PROBLEMOMS SPRĘSTI

2013 ◽  
Vol 5 (2) ◽  
pp. 84-87
Author(s):  
Justinas Janulevičius ◽  
Nikolaj Goranin
Keyword(s):  
Risk Management ◽  
Expert System ◽  
Data Security ◽  
Small And Medium Enterprises ◽  
Expert Evaluation ◽  
Security Risk ◽  
Key Factors ◽  
Medium Enterprises ◽  
Security Risk Management ◽  
Management Expert

Accessibility of expertise and expert inferences is one of the key factors for appropriate expert evaluation. Appropriate and timely expert information allows a smooth process of expertise. Small and medium enterprises (SMEs) have limited possibilities to acquire professional expertise for data security risk analysis due to limited finances. A risk management expert system is developed for SMEs with the ability to adapt to various subject domains using ontologies of the field. Article in Lithuanian Santrauka Ekspertinės informacijos ir išvadų prieinamumas – viena svarbiausių tinkamos ekspertizės sąlygų. Tinkamos, kompetentingos ir laiku gautos ekspertinės žinios sudaro galimybes sklandžiai procesų raidai. Smulkusis ir vidutinis verslas (SVV) dėl ribotų finansinių išteklių turi ribotas sąlygas profesionaliai vertinti duomenų saugą, kad galėtų užtikrinti įmonės informacijos saugą optimaliomis finansinėmis sąnaudomis. Kuriama ekspertinė SVV rizikos valdymo sistema, skirta rizikos analizės procesui automatizuoti, jį pagrindžiant sprendimais, galinčiais prisitaikyti prie skirtingų dalykinių sričių (organizacijų veiklos sričių), išnaudojant įvairių dalykinių sričių ontologijas.

scholarly journals The internationalization of small and medium-sized enterprises in the viticulture

2011 ◽  
Vol 57 (No. 7) ◽  
pp. 331-339 ◽  
Author(s):  
L. Kubíčková ◽  
A. Peprný
Keyword(s):  
Technological Progress ◽  
Success Factors ◽  
Small And Medium Enterprises ◽  
Specific Area ◽  
Climatic Conditions ◽  
Key Success Factors ◽  
Wine Sector ◽  
Medium Enterprises

Small and medium enterprises (SMEs) are an important part of the Czech economy, they significantly contribute to the job and GDP creation, they are the source of innovation and technological progress. The paper is focused on the internationalization of SMEs, specifically in the wine sector, which is a specific sector closely linked to the specific area and it is significantly subjected to natural and climatic conditions. The authors focused on the specification of the most important aspects of the internationalization of Czech wine-growing small and medium enterprises based on the research via interviewing 450 SMEs wineries. The authors thus identified the key success factors in the process of internationalization of SMEs in the wine business.

scholarly journals Examining Key Success Factors for Effective Risk Management Affecting Bank Muscat’s Financial Performance: Case of Oman.

2021 ◽  
Vol 8 (6) ◽  
pp. 469-480
Author(s):  
FAWZIYA AL-JABRI
Keyword(s):  
Risk Management ◽  
Financial Performance ◽  
Success Factors ◽  
Positive Impact ◽  
Secondary Data ◽  
Reference Source ◽  
Key Factors ◽  
Key Success Factors ◽  
Planning And Control ◽  
And Control

  Risk Management is considered as one of the major bank’s financial performance case of Oman. In recent years, the administration and financial corruptions has been shown to affect the financial performance of banks. Therefore, it provides rapid analysis to identify and examine those key factors and come up with better framework for more effective risk management of bank’s financial performance. As project topic shown, the aim of the study is to determine key success factors and the influence of risk management to banks financial performance. However, risk management has adverse effects.   The project provides literature review from scholarly sources for examining the positive impact of risk management.  The project carries primary and secondary data to obtain the information of research.  The finding of the project indicates to be more effective in banks financial performance. In addition, risk management should ensure the banks financial performance and controlling with success in business through financial planning and control. Finally, contribution of the project could be using as reference source. Many researchers are taken the benefit of the project especially in banks case of Oman. Keywords:      Key Success Factors, Risk Management, Bank Financial Performance, Effective    

Twiga Hosting Ltd – providing affordable information and communication technologies services to small and medium enterprises

2011 ◽  
Vol 1 (4) ◽  
pp. 1-16
Author(s):  
Juma James Masele
Keyword(s):  
Information And Communication Technologies ◽  
Undergraduate Students ◽  
Success Factors ◽  
Small And Medium Enterprises ◽  
Innovation Management ◽  
Communication Technologies ◽  
Subject Area ◽  
Content Type ◽  
Information And Communication ◽  
Medium Enterprises

TitleTwiga Hosting Ltd – providing affordable information and communication technologies services to small and medium enterprises.Subject areaThe case describes the launch of Twiga Hosting Ltd, a company providing information and communication technology (ICT) services to the underserved small and medium enterprise (SME) sector in Tanzania and in a many countries in Africa.Study level/applicabilityThis case targets a range of audience from undergraduate students taking both Bachelor of Commerce and those taking Bachelor of Business Administration; and Postgraduate students taking business‐related courses. Nonetheless, the case may be used by all other learners of advanced studies in entrepreneurship and innovation management.Case overviewThe case addresses a number of issues including: Issues to be considered when starting an ICT enterprise. Strategic management. Business revenue models.Expected learning outcomes To impart/inculcate entrepreneurial insights in ICT and related areas. To make learners aware of the business growth opportunities in ICT ventures. The success factors for fruitful ICT ventures. To enable learners to identify challenges facing entrepreneurs in ICT ventures and the ways to overcome them.Supplementary materialsTeaching notes.

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