scholarly journals A Study on Important Factors for Chemical Risk Management in Small & Medium Enterprises

2015 ◽  
Vol 25 (3) ◽  
pp. 285-293
Author(s):  
Shinbum Kim ◽  
Youngeun Choi ◽  
Taejin Chung ◽  
Junghwa Lee ◽  
Simon Che ◽  
...  
Keyword(s):  
Risk Management ◽  
Chemical Risk ◽  
Small Medium Enterprises ◽  
Medium Enterprises

scholarly journals Assessing the Nature of Risk Management Implementation in Manufacturing Small Medium Enterprises in Nigeria

2019 ◽  
pp. 1-10
Author(s):  
Igbokwe Nkemakonam ◽  
Mba Wilfred
Keyword(s):  
Risk Management ◽  
Risk Perception ◽  
Survey Methodology ◽  
Small And Medium Enterprises ◽  
Management Approach ◽  
Economic Crises ◽  
Entrepreneurial Experience ◽  
Management Experience ◽  
Small Medium Enterprises ◽  
Medium Enterprises

The survival of manufacturing small and medium enterprises depends on its capability to anticipate and prepare for setbacks, challenges and risks, rather than waiting for it to happen. Thus the purpose of this study was to investigate the nature of risk management implementation in manufacturing small and medium enterprises in Nigeria. A survey methodology was applied during this investigation. And the results revealed that as the owner/manager entrepreneurial experience grows, risk management experience is gained. Thereby leading to a better risk perception, where a more sophisticated risk management approach is implemented that ensures its survival during political or economic crises. 

scholarly journals Sustainable Livelihood Strategies: How Urban Community Resilient Towards Disaster?

2020 ◽  
Vol 52 (2) ◽  
pp. 246
Author(s):  
Navila Ulfi Fauziyanti ◽  
Dyah Rahmawati Hizbaron
Keyword(s):  
Risk Management ◽  
Urban Areas ◽  
Disaster Risk ◽  
Livelihood Strategies ◽  
Disaster Risk Management ◽  
Sustainable Livelihood ◽  
Economic Activities ◽  
Sustainable Livelihood Approach ◽  
Small Medium Enterprises ◽  
Medium Enterprises

It has been more than a decade after 5.9 SR earthquakes hit one of the most destructed area Tembi Hamlet, Bantul District, Yogyakarta Province. Amidst the wreaking havoc, the area gained its resilient in no time. This research, aimed to 1) explore what are the factors influential towards local resilient, especially micro-small-medium enterprises; and 2) analyze strategies to tackle disaster. It employed mix method, while the key questions were developed using “Sustainable Livelihood Approach” by DFID, geared with “Pentagram Asset” mapping for each spatial and temporal unit. The result revealed that 1) the micro-small-medium enterprises in urban area are resilient towards earthquake due to fair physical, natural and financial assets management and abundant social, human and political assets. These assets have created enabling environment towards behavioral change of urban society; 2) Despite various livelihood strategies existed in urban areas, the research highlighted three types of livelihood strategies within disaster risk management perspective, i.e. survival (disaster), consolidation by no-change plan mechanism and accumulation strategies by change plan mechanism (post disaster). Critically, pentagram assessment is able to identify feasible local assets and activities, however it left the policy, institution, interaction and multi sector aspects from the spotlight. Herewith, the research proposes evaluation scan to rethinking sustainable livelihood approach within disaster risk management by adding these aspects into the observation. It also revealed that local autonomous initiatives to extend urban based economic activities and supported by abundant political interest play pivotal role in disaster management at developing countries.

scholarly journals The impact of risk on the financial performance of small medium enterprises in the construction industry in Eastern Cape, South Africa

2015 ◽  
Vol 5 (3) ◽  
pp. 224-234
Author(s):  
William Chiliya ◽  
Ellen Chenesai Rungani ◽  
Norman Chiliya ◽  
Christopher Tarisayi Chikandiwa
Keyword(s):  
South Africa ◽  
Risk Management ◽  
Financial Performance ◽  
Construction Industry ◽  
Business Environment ◽  
Eastern Cape ◽  
Management Techniques ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact

Risk management has become the driving force for business success due to the everchanging business environment. The purpose of this study is to investigate the impact of the level of awareness and use of risk management techniques on the financial performance. The data was collected from 82 of Small Medium Enterprises (SMEs) owners/managers in the construction industry in Eastern Cape, South Africa. The results show that the level of awareness and use of risk management techniques have a significant impact on the financial performance of SMEs in the construction industry. The study recommends that the government, tertiary institutions, construction industry development board, and SME owners or managers in the construction industry should work together in improving the level of awareness and use of risk management techniques.

ANALISIS MANAJEMEN RISIKO BISNIS

2020 ◽  
Vol 18 (1) ◽  
pp. 51
Author(s):  
Mudrika Berliana As Sajjad ◽  
Salsabila Dea Kalista ◽  
Mualif Zidan ◽  
Johan Christian
Keyword(s):  
Risk Management ◽  
Human Resources ◽  
Business Risk ◽  
Global Challenges ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Small, Medium Enterprises or commonly called SME are also needed to defend themselves in competition, besides SME are also required to face some global challenges, in facing global challenges this can be done by innovating products and services, and developing human resources and technology, are also needed in terms of increasing marketing areas. For this reason, risk management is needed to anticipate or reduce the likelihood of these risks by analyzing risk management. Keywords: business, risk management, sme.

PENGARUH PENYELENGGARAAN HAJI TERHADAP PENINGKATAN AKTIVITAS EKONOMl DI WILAYAH PROPINSI DKI JAKARTA

ALQALAM ◽  
2013 ◽  
Vol 30 (2) ◽  
pp. 380
Author(s):  
Chairul Akmal
Keyword(s):  
Secondary Data ◽  
Travel Agency ◽  
Economic Activities ◽  
Factors Affecting ◽  
Regression Methods ◽  
The Social ◽  
Travel Agencies ◽  
Relationship Model ◽  
Small Medium Enterprises ◽  
Medium Enterprises

This research analyzes some factors affecting economic activities in relation with the conduct of pilgrimage. Those factors are the pilgrimage cost, the amount of pilgrims, and the amount of pilgrimage officers. The objective of this research is to acquire the information of how each factor and all factors together affect the economic activities. This research also analyzes the effect of foods and drinks expenses, the effect of nonfoods and drinks expenses, and the effect of miscellaneous expenses on UMKM - Micro, Small, Medium enterprises' economic activities.             This research is conducted in DKI Jakarta in 2007. The population of this research is the average economic activities in DKI Jakarta in 2007. There are 42 respondents (Banks), 157 respondents (travel agencies), and 50 respondents (UMKM - Micro, Small, Medium enterprises) which are taken as samples from the population using the purposive sampling method. The data is obtained by the researcher using questioners and secondary data which is taken from 1990-2007.             The methodology used in this research is based on. the causal relationship model In testing the hypothesis of this research, the researcher uses the simple and multiple regression methods, and path analysis method. The significant rate a = 0,05 used in determining the interpretation of the statistic result. The data is processed using SPSS (Statistical Packages for the Social Sciences) version 12.00.             The results of the analysis in the 1st equation -are (i) the effect of the pilgrimage cost on banks' revenues is quite strong, (ii) the effect of the pilgrimage cost on travel agencies' revenues is quite strong, (iii) the effect of the pilgrimage cost on UMKM - Micro, Small, Medium enterprises' revenues is weak.             The results of the analysis in the 2nd equation are (i) the effect, of the amount of pilgrims on Banks' revenues is very weak, (ii) the effect of the amount of pilgrims on travel agencies' revenues is very weak, (iii) the effect of the amount of pilgrims on UMKM - Micro, Smal4 Medium enterprises' revenues is very weak.             The results of the analysis in the 3rd equation are (i) the effect of the amount of pilgrimage officers on banks' revenues is very weak, (ii) the effect of the amount of pilgrimage officers on travel agencies' revenues is very weak, (iii) the effect of the amount officers on UMKM-Micro, Small Medium enterprises' revenues is very weak.   The results of the analysis in the 4th equation are (i) the effect of all three factors which are the pilgrimage cost, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on banks' revenues is very strong, (ii) The effect of all three factors which are pilgrimage costs, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on travel agencies' revenues is strong, (iii) The effect of all three factors which are pilgrimage costs, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on UMKM-Micro, Small Medium enterprises' revenues is strong.             The result of the analysis in the 5th equation is the effect of foods and drinks expenses on UMKM-Micro, Small Medium enterprises' revenues is weak. In the 6th equation, the effect of nonfoods and drinks expenses on UMKM-Micro, small Medium enterprises' revenues is weak. In the 7th equation, the effect of miscellaneous expenses on UMKM - Micro, Small Medium enterprises' revenues is quite strong. In the 8th equation, the effect of all three factors which are the effect of foods and drinks expenses, the effect of nonfoods and drinks expenses, and the effect of miscellaneous expenses simultaneously on UMKM-Micro, Small Medium enterprises' revenues is quite strong.             The implication of the research results mentioned above is the factors in the conduct of pilgrimage do increase the economic activities (Banks, Travel Agencies, and UMKM - Micro, Smal4 Medium enterprises) in DKI Jakarta. Therefore, considering that matter, the General Director of the conduct of pilgrimage division of Department of Religion Republic of Indonesia should determine the pilgrimage cost which is affordable, increase the service, and provide a good information system which will result in a better conduct of the pilgrimage. Key word: The Costs of Hajj, Hajj Officer, Travel Agency, UMKM

A Linear Programming Model for Product Mix Profit Maximization in A Small Medium Enterprise Company

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
S Mohd Baki ◽  
Jack Kie Cheng
Keyword(s):  
Linear Programming ◽  
Production Planning ◽  
Business Performance ◽  
Programming Model ◽  
Profit Maximization ◽  
Optimal Level ◽  
Linear Programming Model ◽  
Product Mix ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Production planning is often challenging for small medium enterprises (SMEs) company. Most of the SMEs are having difficulty in determining the optimal level of the production output which can affect their business performance. Product mix optimization is one of the main key for production planning. Many company have used linear programming model in determining the optimal combination of various products that need to be produced in order to maximize profit. Thus, this study aims for profit maximization of a SME company in Malaysia by using linear programming model. The purposes of this study are to identify the current process in the production line and to formulate a linear programming model that would suggest a viable product mix to ensure optimum profitability for the company. ABC Sdn Bhd is selected as a case study company for product mix profit maximization study. Some conclusive observations have been drawn and recommendations have been suggested. This study will provide the company and other companies, particularly in Malaysia, an exposure of linear programming method in making decisions to determine the maximum profit for different product mix.

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