Flexible Budgeting as a Management Tool

1982 ◽  
Vol 6 (4) ◽  
pp. 10-18 ◽  
Author(s):  
Marvin W. Tucker
Keyword(s):  
Small Business ◽  
Management Tool ◽  
Practical Implementation ◽  
Business Application ◽  
Practical Tool

The managerial tool of flexible budgeting usually is presented as a large business application. The purpose of this paper is to present flexible budgeting as a practical tool that also has utility for the small business. Flexible budgeting is introduced by way of comparison with static budgeting, and its central ingredients are discussed. Then practical implementation difficulties are identified followed by their suggested resolution. Finally, several applications are suggested for the small business.

Family Influence on Business: Application of A Modified F-PEC Scale to Private Small Business In Vietnam

2013 ◽  
pp. 38-53
Author(s):  
Nam Vu Hoang ◽  
Anh Truong Tuan ◽  
Nghia Nguyen Ke
Keyword(s):  
Small Business ◽  
Factor Structure ◽  
Measurement Model ◽  
Two Dimensions ◽  
Family Influence ◽  
Cultural Aspect ◽  
Culture Dimensions ◽  
Business Application ◽  
Original Scale ◽  
Asian Context

This paper uncovers dimensions of family influence on private small business in Vietnam. Although the F-PEC scale, which comprises three subscales for power, experience and culture dimensions of family influence, has been validated in the literature, application of the scale in an Asian context, like Vietnam, may face challenges due to context differences. The study modified the original scale based on qualitative findings from five interviews with entrepreneurs and comments on the scale from business scholars. Data from a survey of 143 entrepreneurs were used for EFA, resulting in four factors. And CFA proves fitness of the measurement model of the four-factor structure to the data, in which two dimensions regarding the cultural aspect were confirmed.

scholarly journals Cost-Volume-Profit Analysis as a Management Tool for Decision Making In Small Business Enterprise within Bayero University, Kano

2017 ◽  
Vol 19 (02) ◽  
pp. 40-45 ◽  
Author(s):  
Sadiq Rabiu Abdullahi ◽  
Bello Abiodun Sulaimon ◽  
Ibrahim Salihu Mukhtar ◽  
Muhammed Hardy Musa
Keyword(s):  
Decision Making ◽  
Small Business ◽  
Management Tool ◽  
Business Enterprise ◽  
Profit Analysis

IT-Supported Business Performance and E-Commerce Application in SMEs

2013 ◽  
Vol 11 (2) ◽  
pp. 41-52 ◽  
Author(s):  
Qing-yi Chen ◽  
Ning Zhang
Keyword(s):  
Small Business ◽  
Business Strategy ◽  
Business Performance ◽  
Low Cost ◽  
Sales Performance ◽  
Business Application ◽  
Medium Enterprise ◽  
Part Time ◽  
Time Basis ◽  
Business Technology

As E-commerce is developing in China, using E-commerce becomes more important to small and medium enterprise (SMEs). The small business has several advantages, including low cost and the ability to begin on a part-time basis. E-business technology can strengthen these advantages. In this paper, the authors introduce the ECRM and E-business strategy in enterprise and use VAR model to analyze how E-Business Application affects business performance in emerging countries like China. The results show that E-business application can improve the sales performance of small business, and E-business is an important factor to success.

scholarly journals PROVISION OF MATURITY OF PROJECT MANAGEMENT: METHODICAL APPROACHES AND PRACTICAL IMPLEMENTATION

2020 ◽  
pp. 22-37
Author(s):  
Lyudmila Batenko ◽  
Anastasia Liezina ◽  
Victoria Moskaliuk
Keyword(s):  
Project Management ◽  
Small Business ◽  
Small Businesses ◽  
Practical Implementation ◽  
Management Tools ◽  
Theoretical Approaches ◽  
Business Enterprises ◽  
Operational Activities ◽  
Professional Project

Introduction. In recent years, there has been a rethinking of the role of project management in the domestic business in ensuring effective implementation of strategic development plans for companies, ensuring their market success in the face of increasing competition, effective management of the current activities of firms that are project-oriented. This means that, regardless of the specifics of the activity, all companies implement various projects. However, they can be divided into process- and project-oriented. Regardless of which of these two groups the enterprise belongs, there is a need to use project management tools – either in the context of operational activities for the project-oriented business, or for the implementation of various projects in traditional manufacturing or service companies. Accordingly, there is a need to assess the maturity level of project management in order to identify ways for its further development and improvement. Insufficient attention and awareness of the importance of professional project management are typical of Ukrainian small business enterprises. In the course of their business activities, these entities often work in project-oriented industries on the one hand, and remain quite ignorant about the implementation and development of project management on the other. Their weaknesses are the lack or low quality of application of its methods and tools, ignoring modern developments and innovations in the field of management. Purpose. To substantiate the author's model of maturity of project management and to determine its effectiveness for domestic small business enterprises. Method (methodology). The methods of scientific generalization were used in substantiation of theoretical approaches of maturity models; methods of general scientific abstraction, induction and deduction – when developing an authoritative model of project management maturity; analysis and synthesis – to implement the author's model in the practical activity of enterprises. Results. The scientific results of the work include the author's model, which allows to establish the level of development of the enterprise in the implementation of the project activity. It has been empirically proven that the proposed model is based on the assessment of project management by 24 qualitative indicators and aims to determine one of three levels of maturity: the initial level, the level of formation and the level of sustainable development; contributes to improving the quality of project implementation for small businesses.

Time-to-need: a portfolio tool to balance the time-to-market

2014 ◽  
Vol 25 (6) ◽  
pp. 812-826 ◽  
Author(s):  
Andre Ferrarese ◽  
Marly Monteiro de Carvalho
Keyword(s):  
Single Case ◽  
Management Tool ◽  
Expert Committee ◽  
Time To Market ◽  
Content Type ◽  
Patented Product ◽  
Practical Tool ◽  
Market Needs ◽  
Set Up

Purpose – The purpose of this paper is to provide a management tool to maximise the effective time-to-market of a portfolio given the competitive monitoring activities. Design/methodology/approach – From the constant monitoring of competition and market needs, it is proposed to define a time-to-need, time when the market may consume the product under development and competitor will not provide a solution before. This time-to-need is proposed to be defined by an expert committee in a periodical meeting of the portfolio. Once it is identified the time-to-need and the time-to-market (project management), it is possible to manage resources in order to maximise the portfolio outputs. Findings – The application of the mentioned approach in an automotive industry showed improvements on number of launched new products per year (double) and on number of patented product launched (four times more). Research limitations/implications – This approach applies on projects of medium to long term (more than two years) because the resource management can consume set up time. The presented results in this work were based in a single case, which can limit the expected results of the application of this methodology. Practical implications – This approach enables a constant alignment among experts and a better deployment of resources. Originality/value – This work provides a practical tool to promote better resource allocation in a portfolio. It can also be an enabler of innovation projects once it finds resources potential to fund the more front end work.

scholarly journals PLANEJAMENTO ESTRATÉGICO E OPERACIONAL NA PEQUENA EMPRESA: UM ESTUDO SOBRE SUA INFLUENCIANO DESEMPENHO

2009 ◽  
Vol 14 (1) ◽  
pp. 30
Author(s):  
Stefano Junqueira Torres da Silva ◽  
Edmundo Escrivão Filho ◽  
Ana Cláudia Fernandes Terence
Keyword(s):  
Strategic Planning ◽  
Small Business ◽  
Business Performance ◽  
Operational Planning ◽  
Management Tool ◽  
Business Managers ◽  
Strategic Objectives ◽  
Market Situation ◽  
Long Time ◽  
Small Business Performance

The objective of this article is to report the results of a research that aims to determine the relation between the strategic and the operational planning and the performance achieved by the technology based small business in São Carlos - SP (Brazil). Moreover, another objective is to identify the planning formalization level of then. In the last years, the strategic planning has become a very important management tool, because it permits to the entrepreneur to analyze the market situation, and, through it, to lead the business to achieve the goals in the long time. Furthermore, the operational planning support the daily activities management, lining the organization with its strategic objectives. To the empiric datum collection, a survey was made with the small business managers of the technology based sector. The tool used to collect the datum was a questionnaire. Like a result of this project, it´s possible to say that both planning, strategic and operational, improved the small business performance. However, there are not conclusive results about the relation between the strategic planning sophistication (formalization) and the business performance.

Release Management Tool - A Software Application for Release and Deployment Management

2014 ◽  
Vol 656 ◽  
pp. 524-533 ◽  
Author(s):  
Viorel Costin Banta ◽  
Dorian Cojocaru ◽  
Mihnea Alexandru Moisescu ◽  
Ioan Stefan Sacala
Keyword(s):  
Enterprise Resource Planning ◽  
Oil And Gas ◽  
Resource Planning ◽  
Management Tool ◽  
Software Application ◽  
Business Application ◽  
Application Programming ◽  
Release Management ◽  
High Level ◽  
Transport Management

The paper deals with software Enterprise Resource Planning type application concerning the RMT (Release Management Tool). The application consists of a release deployment and transport management, inside in a large Oil and Gas Company. The software application has been developed using ABAP (Advanced Business Application Programming) a high level programming language integrated in SAP (System and Applications, Products) environment ABAP (Advanced Business Application Programming). Details regarding the analysis, implementation and testing of the software application are presented.

Small business social responsibility: the CSR4UTOOL web application

2018 ◽  
Vol 19 (3) ◽  
pp. 383-400 ◽  
Author(s):  
Laura Corazza
Keyword(s):  
Small Business ◽  
Social Responsibility ◽  
Web Application ◽  
Management Tool ◽  
Web Based ◽  
Accounting Data ◽  
Content Type ◽  
Technical Paper ◽  
Interdisciplinary Approaches ◽  
Small Business Social Responsibility

Purpose Small and medium-sized enterprises (SMEs) positively represent the backbone of the European economic system and, negatively, they make a significant contribution to environmental pollution and social impacts. The purpose of this paper is to discuss how a new tool for supporting the adoption of small business social responsibility (SBSR) can be tailored in order to be more effective. Design/methodology/approach Theoretical framework – a literature analysis of how SMEs address sustainability issues will be discussed, especially the need for SME tools with the following features: quality, materiality, free of charge, anonymous, easy-to-use and easy to understand. This need has been confirmed by the literature of SBSR and also social accounting doctrine. Methodology – this paper analyzes CSR4UTOOL, an applied research project of a web-based application dedicated to SMEs in order to provide a self-assessment on sustainability performances. A technical paper aims to describe a specific development, technique or procedure that is capable of presenting a software tool or an experimental or computational method that should be well-tested and should preferably provide a solution to a problem and have some demonstrable practical values. Findings The recent studies over SBSR sustain the need of sustainability management tool for SMEs. A web-based tool co-designed and co-created with SMEs reveals the importance of new tools to support SBSR, especially for the global process of CSR downstreaming using a bottom-up perspective. Research limitations/implications Alongside the development of tailored, efficient tools to implement, manage, control and account for such social responsibilities, several authors have described organizational implications, managerial adaptations and practical features of such tools. As a technical paper, the aim of this research is to shed light on the new technology that has been adopted to solve a gap in both the literature and the real economy, and it answers to the specific call for SBSR tools. Practical implications CSR4UTOOL is based on a decision tree structure presenting several questions and indicators given by a profound benchmark of the most internationally well-known accountability standards. It translates accounting and non-accounting data as well as qualitative and quantitative data to a powerful source of information for entrepreneurs regarding their ethical and moral managerial conduct. A report on the performance of the company will be generated at the end of each session. Social implications This study has a practical social implication as it may concretely help entrepreneurs to self-assess their SBSR. IT technologies may represent a useful way to overcome the specific constraints on SMEs that when they are on track, they may also be more aware of the existent power of formalization in their social and environmental management practices. This kind of tool may help small entrepreneurs to be more aware of the fact that formalization may represent a strategic asset rather than a guarantee of morality. Originality/value This paper contributes to the literature by demonstrating how data collection over SBSR may be engineered and tailored using web application and ICT, even in a context of small businesses. This paper further responds to a call from Spence (2016) and Johnson et al. (2016) for interdisciplinary approaches to investigating sustainability in SMEs, the validation and application of existent theories on CSR within the context of SMEs, through foregrounding use of innovative software and web applications.

scholarly journals A Contabilidade como Ferramenta de Gestão para Micro e Pequenas Empresas / Accounting as a Management Tool for Micro and Small Business

2019 ◽  
Vol 13 (48) ◽  
pp. 396-407
Author(s):  
Paloma Ferreira de Moura ◽  
Raimundo Ivan Feitosa Filho
Keyword(s):  
Small Business ◽  
Management Tool

O presente trabalho vem com o intuito de expressar aos gestores da micro e pequenas empresas, como a contabilidade vem ao auxiliá-lo na tomada de decisão, através de relatórios contábeis que conterá informações relevantes, onde eles são o Balanço Patrimonial, Demonstrações Resultado Exercício, Demonstrações das Mutações do Patrimônio Líquido, Declaração de lucro ou prejuízo acumulado, Demonstrativo de fluxo de caixa, essas ferramentas são indispensáveis na toma de decisão, através do seu entendimento o gestor será capaz de planejar e controlar com segurança a real situação financeira da empresa. Como consequência é possível afirmar que os relatórios emitidos pela contabilidade são fundamentais para a tomada de decisão, pois através deles pode-se observa que as distorções são insignificantes.

scholarly journals APLICAÇÃO DO BALANCED SCORECARD – (BSC) COMO FERRAMENTA DE GESTÃO GERENCIAL NUMA DISTRIBUIDORA DE INSUMOS AGRÍCOLAS DE MOSSORÓ-RN: um estudo de caso

Revista Foco ◽  
2016 ◽  
Vol 9 (1) ◽  
pp. 233
Author(s):  
Amanda Gomes De Assis ◽  
Rita Maria Gomes dos Santos
Keyword(s):  
Small Business ◽  
Strategic Management ◽  
Balanced Scorecard ◽  
Structured Interview ◽  
Management Tool ◽  
Small Company ◽  
Management Tools ◽  
The Balanced Scorecard ◽  
The City

As questões da globalização e da alta competitividade forçam as organizações a buscarem ferramentas de gestão que auxiliam na tomada de decisão e possibilitem longevidade e sustentabilidade. Esta situação manifesta-se tanto em grandes, pequenas e micro empresas, independente do ramo de atividade. É conveniente nesse cenário competitivo a implantação de ferramentas de gestão estratégicas como o Balanced Scrorecard (BSC), que é um sistema que deve ser implantado de acordo com a estratégia, visão e missão da empresa, com o intuito de colocar em prática o que está estabelecido nesses três pilares. Essa ferramenta está fundamentada em quatro perspectivas: financeira, cliente, processos internos e inovação e aprendizado. Este trabalho tem como objetivo apresentar uma proposta de implantação do BSC numa distribuidora de insumos agrícolas de Mossoró-RN e demonstrar que é possível implantar essa ferramenta de gestão numa pequena empresa. A metodologia aplicada qualifica-se como estudo de caso. As informações da empresa foram coletadas através de entrevista com o proprietário. Para o referencial teórico foi realizada uma pesquisa bibliográfica de caráter exploratório. Como resultados estão apresentados: as estratégias, os objetivos e os indicadores nas quatro perspectivas do BSC, evidenciando a possibilidade de implantação desse sistema de gestão numa pequena empresa. É importante ressaltar que algumas das ações sugeridas por esse trabalho, foram implantadas, proporcionando resultados satisfatórios. Changes on the world stage in terms of technology, economy, society, among others, forcing organizations to seek management tools that assist in the evaluation of their performance and enable longevity. It is appropriate in this competitive scenario the implementation of strategic management tools such as Balanced Scrorecard (BSC), which is a system that must be implemented according to the strategy, vision and mission of the company, in order to put into practice what is established in these three pillars. The issue proposed in this article is directed to check: the Balanced Scorecard applies a strategic management tool for a small business in the city of Mossoro-RN? It has the general objective to present a BSC implementation of a proposed distribution of established agricultural inputs in the city of Mossoro-RN. Specific objectives: to demonstrate the applicability of the BSC in a small company, and highlight the importance of non-financial aspects, adapting them to the company's strategy. The methodology applied qualifies as a case study. The company's information was collected through semi-structured interview with the owner. For the theoretical literature search was conducted exploratory. The results are presented: the strategies, objectives and indicators in the four BSC perspectives, highlighting the possibility of implementing this management system in a small business. It notes that some of the actions suggested by this work were established, providing satisfactory results.

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