scholarly journals Financing Risk Management and Control for High-technological Small and Medium Enterprises - under Nonlinear Differential Equation

Fractals ◽  
2021 ◽  
Author(s):  
Ximei Li ◽  
Jing Chen ◽  
Hadi Oqaibi ◽  
Xiangmei Fan
Keyword(s):  
Differential Equation ◽  
Risk Management ◽  
Nonlinear Differential Equation ◽  
Small And Medium Enterprises ◽  
Financing Risk ◽  
Medium Enterprises ◽  
And Control

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.

A Systematic Review on Leadership Styles in Small and Medium Enterprises

2021 ◽  
Vol 12 (1) ◽  
pp. 26-26
Author(s):  
S.E. Donny Sita ◽  
N.A. Mohd. Nor
Keyword(s):  
Systematic Review ◽  
Leadership Styles ◽  
Leadership Style ◽  
Small And Medium Enterprises ◽  
Research Question ◽  
Main Research ◽  
Working Together ◽  
Group Members ◽  
Medium Enterprises ◽  
And Control

Earlier notions of leadership opined that leadership can be found in one's genes that determine how an individual behaves and reacts to his/her surrounding (Bass, 1985). That is, a leader can still be detected in a group of people although nobody may be appointed to lead at the outset. In the past, an individual became a leader through inheritance of a rank or the throne in a country or in an institution. However, the temperament or characteristic of an individual determine whether one can lead or not. A leader acts as a conflict contributor, a resolver or peacemaker, and a punisher (King et al., 2009). Besides being dominant over the rest of the group members, a leader needs to influence the followers too with his/her leadership style. The leadership style of a leader depends on the attitude of him/her to influencing followers in the organisation. The modern era indicates that an uncertainty or complex situations are not uncommon. In a context of a small and medium enterprises (SMEs), turbulences arising in an enterprise require an effective leader to sustain a strong sense of opportunity for all followers. Such participation allows followers to share opinions, make better decisions and control the resources. In fact, followers and the leader cannot be separated. Likewise, leadership runs in tandem with development. Development occurs as leadership pushes it (Banyai, 2009). Hence, without proper leadership to lead the followers, it would be rather difficult to reach the mutual goals of the enterprise (Poskas & Messer, 2015). Also, a good leadership through guidance and effective communication enables followers to improve themselves. Hence, to conduct a relevant systematic review, the current paper is guided by the following main research question: how are leadership styles practiced among leaders in the context of small and medium enterprises? The focus of this paper is on the leaders of small and medium enterprises where followers are working together towards achieving the mutual goals of the enterprise. Keywords: leader; leadership style; PRISMA; small and medium enterprises; systematic literature review

E-Business Adoption Framework in the Hospitality Industry

2013 ◽  
pp. 225-243
Author(s):  
Kennedy O. Ondimu ◽  
Geoffrey M. Muketha ◽  
Collins O. Ondago
Keyword(s):  
Hospitality Industry ◽  
Small And Medium Enterprises ◽  
Graduate Degree ◽  
Firm Level ◽  
The Status ◽  
Kenyan Coast ◽  
Information And Communication ◽  
Internal Operations ◽  
Medium Enterprises ◽  
And Control

While the hospitality industry in the Kenyan Coast has adopted Information and Communication Technology (ICT), application of the same is limited to internal operations and control. The industry’s e-business adoption lags behind similar industries such as tours and travel. Earlier research in e-business adoption does not suggest intervention for improvement of Small and Medium Enterprises’ (SMEs) status and lacks focus on any specific industries. The aim of this chapter is to address this gap by analyzing the Kenya Association of Hotelkeepers & Caterers’ (KAHC) e-business readiness using a three-interrelated-level framework; namely, firm level, market and industry, and institutional and regulatory levels. This chapter presents results of an ongoing project that we are currently working on, related to one of the authors’ graduate degree research program that began in 2008. In this research, we adopt a survey approach that is supplemented by case studies of other countries’ implementations from literature. Findings show that the hospitality industry at the Kenyan coast is not ready for e-business adoption and we develop a framework to help facilitate readiness. The findings imply that as a competitive strategy, establishments which have been competitors need to become collaborators; and KAHC and its membership need to adopt e-business to not only remain competitive, but also to survive. The findings are beneficial to KAHC and the Kenyan government in evaluating the status of e-business readiness as well as adoption in similar industries. Other developing countries can also adopt the framework.

scholarly journals The Impact of Internal, External and Enterprise Risk Management on the Performance of Micro, Small and Medium Enterprises

2019 ◽  
Vol 11 (7) ◽  
pp. 2172 ◽  
Author(s):  
Dewi Hanggraeni ◽  
Beata Ślusarczyk ◽  
Liyu Adhi Kasari Sulung ◽  
Athor Subroto
Keyword(s):  
Risk Management ◽  
Financial Management ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
West Sumatra ◽  
Management Factors ◽  
Managing Risk ◽  
Medium Enterprises ◽  
Additional Value ◽  
The Impact

This paper aims to develop the role of internal factors, external factors, and risk management variables on MSMEs’ business performance. This research was conducted in underdeveloped regions of five provinces, which includes 14 cities in Indonesia—East Java, West Sumatra, North Sumatra, West Nusa Tenggara, and East Nusa Tenggara. The Resource-based view and Market-based view methods were chosen to measure 1401 data of MSMEs. The data was collected using offline questionnaires then processed using SPSS. This paper demonstrates a remarkable outcome for MSMEs, showing the significant result of risk management factors that includes risk assessment of marketing and financial management. Other independent variables of internal, external, and risk management factors also show important outcomes on MSMEs performance. This paper offers additional value of the implementation of ERM in MSMEs, which are spread in underdeveloped regions in Indonesia. The findings shown that the activity of the enterprises in identifying and managing risk would bring up the significant effect on operational business performances.

The Analysis of Enterprise Network Security Problems

2014 ◽  
Vol 602-605 ◽  
pp. 3351-3354
Author(s):  
Li Hui Wang
Keyword(s):  
Risk Management ◽  
Network Security ◽  
Computer Network ◽  
Small And Medium Enterprises ◽  
Internet Security ◽  
Review System ◽  
Security Technology ◽  
Security Risks ◽  
Enterprise Network Security ◽  
Medium Enterprises

This paper analyses the security risks of the internal and external enterprise computer network, points out that the internal internet security of enterprise should focus on prevention which includes a variety of network security technology and the establishment of logging and review system. This paper also discusses the main technology of external internet security prevention such as firewall technology and encryption technology and so on and provides some suggestions about risk management and network security for some small and medium enterprises.

Impediments of Collaborative Relationships in Automotive SMEs in Malaysia

2014 ◽  
Vol 663 ◽  
pp. 638-643 ◽  
Author(s):  
Abdulghadar Awheda ◽  
Mohd Nizam Ab. Rahman ◽  
Rizauddin Ramli ◽  
Haslina Arshad
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Small And Medium Enterprises ◽  
Work Culture ◽  
Collaborative Relationships ◽  
Chain Management ◽  
And Performance ◽  
Medium Enterprises ◽  
And Control ◽  
Management Work

The interests of various economies in improving and expanding the growth of small and medium enterprises (SMEs) have thrived for a few years, particularly in the automotive sector. Although there are several supporting programs, SMEs face a large number of issues in their operation and performance. One of the successful techniques towards achieving collaborative relationships and problem solving in SMEs is through supply chain integration. Many enterprises have realized the benefits of integration among supply chain members. Supply chain management has become an effective strategy for boosting competitiveness. However, there are a few reasons that put off automobile SMEs from completely performing supply chain management. This study combines literature and findings of a questionnaire analysis to urge facts and knowledge regarding the importance of supply chain management and challenges of automotive SMEs in enhancing their collaborative relationships and effectiveness through SCM. In addition, this study observed that top management, work culture and attitudes of staffs and technologies being traded are among the significant impediments to well-integrated relationship between SMEs. Finally, the study concludes that SMEs need to fully adopt SCM to meet potential advantages and control their performance.

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