scholarly journals Analysis of Dominant Factors in Improving Performance of Small Medium Industry in the Field Marine and Fishing Processing

2017 ◽  
Vol 6 (6) ◽  
pp. 42-51
Author(s):  
Edy Supriyadi ◽  
Iha Haryani Hatta ◽  
Darmansyah Darmansyah
Keyword(s):  
Business Performance ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Positive Influence ◽  
Global Market ◽  
Primary Data ◽  
Moderator Variables ◽  
Significance Level ◽  
Performance Variables ◽  
Medium Enterprises

The existence of global market resulted in the increasing number of business actors, especially Small and Medium Enterprises (SMEs). Currently SMEs are experiencing increasingly fierce market competition. Even the competition is in an increasingly complex condition. Faced with this condition, SMEs are required to have the ability to survive and improve its performance. The population of this research is the perpetrators of SMEs in the field of fishery and marine processing business in Lontar Village, Banten Province. The sample are participant of 46 SME actors. Technical sampling is purposive sampling. The data in this study is the primary data collected through questionnaires. The result are (1)Competence leader (KOM) has a positive influence on business performance variables (KIN) with a significant value of 0.070 at a significance level of 0.10.(2). Innovation (INO) has a positive influence on business performance variables (KIN) with a 0.000 significance level at a significant level of 0.05.(3). Entrepreneurship (WIRA) has a positive influence on business performance variables (KIN) with a synergy value of 0.00 at a significant level of 0.05.(4). Investment (INV) has no effect on business performance with significance of 0.223.(5). The moderator variables of entrepreneurs have an influence in contributing to the leadership competence of performance. With a significant value of 0.032.(6). The moderator variables of entrepreneurs have an influence in contributing to innovation on the performance of Entrepreneurship, with a significant value of 0.000 at the 0.05 level (7). The moderator variables of the entrepreneur have no influence in contributing to investment on the performance of the company. with a significant value of 0.060 at the 005 level.

scholarly journals A Review of Global Challenges and Survival Strategies of Small and Medium Enterprises (SMEs)

Economies ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 79 ◽  
Author(s):  
Sisira Kumara Naradda Gamage ◽  
EMS Ekanayake ◽  
GAKNJ Abeyrathne ◽  
RPIR Prasanna ◽  
JMSB Jayasundara ◽  
...  
Keyword(s):  
Small And Medium Enterprises ◽  
Market Competition ◽  
Economic Globalization ◽  
Global Market ◽  
International Terrorism ◽  
Survival Strategies ◽  
Global Finance ◽  
Global Challenges ◽  
Short Period ◽  
Medium Enterprises

Economic globalization has created many challenges for small and medium enterprises (SMEs) due to the rapid increase in competition. Therefore, the downfall rate of SMEs is relatively high, a short period after their commencement. Accordingly, SMEs need to adopt survival strategies and strategic methods to succeed in confronting the various global challenges faced by the SME sector. This study critically examined the existing literature on global challenges for SMEs to understand the SMEs’ survival and successive mechanisms in the present competitive business background. Published information related to the field by the multilateral institutions and 110 research papers published by four recognized publishing companies, i.e., Emerald, Elsevier, Taylor and Francis, and MDPI, were chosen for this study. The review revealed the critical global challenges for SMEs within the context of economic globalization. They are the global market competition, global finance and economic crises, information communication technology, the emergence of multi-national corporations, transnational corporations, consumer changes and especially their preferences, trade dumping, international terrorism, and religious conflicts and trade wars. Furthermore, the study considered the survival strategies of SMEs in the industrial platform to recognize sustainability-related policies, specifically, the necessity for a robust theoretical examination on the survival strategies of SMEs in the field of global challenges.

scholarly journals Impact of Record Keeping Practices on Business Performance of Small and Medium Scale Enterprises in Sri Lanka

2019 ◽  
Vol 9 (4) ◽  
pp. 439
Author(s):  
Saseela Balagobei
Keyword(s):  
Sri Lanka ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
National Development ◽  
Sampling Technique ◽  
Positive Influence ◽  
Vital Role ◽  
Primary Data ◽  
Record Keeping ◽  
Medium Scale

Record keeping plays a vital role in development by providing recorded information which is crucial in the strategic formulation of national development policies and plans. The purpose of the study is to examine the influence of record keeping practices on the business performance of small and medium scale enterprises in Sri Lanka. Record keeping practices consists of proper accounting records, preparation of accounting records and accounting records procedures whereas business performance is measured by organizational goal achievement, organizational effectiveness and organizational efficiency records. A structured questionnaire was used to collect the primary data from 75 SMEs which were selected by means of the random sampling technique. The results reveal that record keeping practices have significant positive influence on business performance of Small and medium enterprises in Sri Lanka. It can be recommended that academic institutions and other bodies which are responsible for SMEs should organize training programmes for those operators who do not have the technical knowhow in the field of accounting to come to grips with it and also provide some SME-specific accounting guidelines and template forms for capturing accounting practices for the operators to use.

scholarly journals Peer-to-Peer Lending in Surabaya: How It Drives Regional Economy?

2017 ◽  
Vol 2 (2) ◽  
pp. 58
Author(s):  
Galih Satria Mahardhika
Keyword(s):  
Business Performance ◽  
Regional Economy ◽  
Small And Medium Enterprises ◽  
Financial System ◽  
Peer To Peer ◽  
Primary Data ◽  
Depth Interview ◽  
Peer Lending ◽  
Medium Enterprises ◽  
Financial Technology

Financial technology, or so called as “Fintech”, has been remarked as a disruptive idea that changed our current financial system. In Indonesia, one of the emerging financial practices related to Fintech is the online-based peer-to-peer lending (P2PL). This research has two objectives: to explore current scheme of P2PL in Surabaya and to learn how P2PL drives the economy of Surabaya. To meet the objectives, numbers of existing papers are being reviewed related to the matter of P2PL and Micro, Small and Medium Enterprises (MSMEs). Primary data is also gathered through in-depth interview from two basic stakeholders of P2PL in Surabaya: the provider of fintech apps and the owner of MSMEs who is benefiting from the fintech apps. The fintech provider is interviewed regarding to the channeling scheme of funds from the lenders to the MSMEs, while the MSME is interviewed related to the escalation of their business after receiving funds from the P2PL provider. By exploring this topic, the scheme of P2PL and the importance of P2PL to drive regional economy are being clearly described. The results are: the funding from P2PL providers help the MSMEs to boost their business performance, and the boosted MSMEs are affecting the regional economy. Keywords: Fintech, Peer-to-peer lending, MSMEs, lending scheme

scholarly journals Effects of Interest Rate on Credit Access of Small and Medium Enterprises in Garissa County

2016 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Abdi Mohamed Maalim ◽  
Dr. Joyce Gikandi
Keyword(s):  
Interest Rate ◽  
Financial Services ◽  
Small And Medium Enterprises ◽  
Primary Data ◽  
P Value ◽  
Significance Level ◽  
Interest Rate Policy ◽  
Credit Access ◽  
Rate Policy ◽  
Medium Enterprises

Purpose: The main purpose of the study was to assess the effects of interest rate on credit access of small and medium enterprises’ in Garissa County.Methodology: A descriptive survey was employed in this study. The target population of this study was 10 SACCOs and 150 SMEs registered within Garissa County. Primary data was collected from respondents via structured questionnaires. The descriptive statistics was analyzed using the Statistical Package for Social Sciences (SPSS) Version 20.0 and presented in the report in the form of tables, bar charts and graphs. Correlation and regression analysis was done to establish the relationship between the variables.Results: The results showed that interest rate policy was significantly related to credit access since its p-value (0.000) was less than the significance level of 0.05. The findings implied that a change in interest rate policy by one unit could result to positive variation of 0.70 units in credit access.Unique contribution to theory, practice and policy: Based on the study findings, the study concluded that SACCO’s interest rate policy affect SMEs accessibility to credit. The study recommended that SACCOs should consider revising their policy on interest rate charged. The study also recommended that County government should intervene to ensure that SMEs have access to financial services to enable them contribute to development and employment creation. The study validates the Credit access theory and its applicability in financing SME’s firms.

Social capital leading to innovation: understanding moderating effects of the environment in the Zimbabwean small and medium enterprise context

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Boris Urban ◽  
Kudzanai Mutendadzamera
Keyword(s):  
Social Capital ◽  
Developing Economies ◽  
Small And Medium Enterprises ◽  
Positive Influence ◽  
Primary Data ◽  
Moderating Effects ◽  
Social Infrastructure ◽  
Content Type ◽  
Social Capitals ◽  
Medium Enterprises

Purpose Realizing the value of social capital to small and medium enterprises (SMEs) in developing economies, where relationship networks play a big role in filling the gaps that are left by dysfunctional institutions, the purpose of this paper is to gain an empirical understanding of various forms of social capital in relation to the innovation of SMEs in Zimbabwe. Design/methodology/approach Primary data is collected from SMEs across several regions in Harare, where instrument validity is checked with confirmatory factor analysis, and hypotheses are tested using moderated regression analyses. Findings A positive influence is observed for both alliance capital and reputational capital on innovation, while non-significant moderating effects in terms of environmental hostility and dynamism are noted for these relationships Practical implications On a practical level, to increase levels of innovation, SME owner-managers need to secure stronger investments into their social infrastructure by developing (both physical and digital) alliance and reputational capitals Originality/value By segregating various forms of social capital, an original understanding is attained in terms of how entrepreneurs actively leverage alliance and reputational forms of social capitals to increase their levels of innovation. The theoretical and empirical understanding of the social capital-innovation link is enhanced, and the study constructs now have broader application as their psychometric properties have been established in an under-researched African market context.

scholarly journals Implementation of financial report and taxation training: performance of MSMEs in Special Regions Yogyakarta

2021 ◽  
Vol 25 (1) ◽  
pp. 57-68
Author(s):  
Siti Resmi ◽  
Reza Widhar Pahlevi ◽  
Fran Sayekti
Keyword(s):  
Business Performance ◽  
Small And Medium Enterprises ◽  
Bank Loans ◽  
Primary Data ◽  
Group Discussions ◽  
Financial Reports ◽  
Financial Report ◽  
Training Performance ◽  
Medium Enterprises ◽  
Special Region

This study aims to determine and analyze the application of financial report and taxation training for Micro, Small, and Medium Enterprises (MSMEs) as well as any constraints faced ahead. This study observed 25 MSMEs in Special Region of Yogyakarta using a convenience sampling method. The data used are primary data obtained through interviews and focus group discussions. This research used qualitative analysis techniques. The result shows that MSMEs did not keep records because it was difficult and inconvenient. It also found that MSMEs have a tax ID number (NPWP) but did not pay and report their taxes. Tax is perceived as an expense which results in a reduced profit. However, financial reports and knowledge of taxation are required when applying for bank loans and obtaining government incentive funds. With training in the preparation of financial and tax reports, MSMEs are aware of the importance of financial and tax reports. Financial reports, NPWP, and tax return (SPT) filling are factors that can improve their business performance.

scholarly journals FINANCIAL LITERACY: AN ESSENTIAL IN SMALL MEDIUM ENTREPRISES (SMEs) PERFORMANCE

2020 ◽  
Vol 10 (2) ◽  
Author(s):  
Novita Ratna Satiti
Keyword(s):  
Financial Literacy ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
Partial Least Square ◽  
Least Square ◽  
Primary Data ◽  
Business Owner ◽  
Data Source ◽  
Quantitative Design ◽  
Medium Enterprises

This study aims to examining the effect of financial literacy on the performance of Small and Medium Enterprises (SMEs) in Malang. This explanatory study was conducted in Sukun District, Malang City. The population was SMEs that located in Sukun District, Malang City which were selected using proportionate stratified random sampling with the total number of 220 samples. The study used descriptive quantitative design with primary data as the data source. The data was analyzed using Smart Partial Least Square (PLS) 3.3 Version with hypothesis tested using Bootstrap. The results of this study indicate that: 1) the financial literacy of the SMEs in Sukun District, Malang City was at a good literacy level which is Sufficient Literate; 2) the Small and Medium Enterprises in Sukun District has a good level of business performance; and Analysis of Smart PLS shows that financial literacy has a positive and significant effect on the performance of Small and Medium Enterprises in Sukun District, Malang. Therefore, financial literacy of the business owner has an important role in business performance. financial literacy can help business actors to gain adequate financial knowledge and capabilities in preparing their business financial strategies and improving their business performance

scholarly journals Pengaruh Budaya Organisasi, Orientasi Kewirausahaan, Manajemen Kualitas Total, dan Modal Sosial terhadap Kinerja Usaha

2021 ◽  
Vol 2 (1) ◽  
pp. 217-238
Author(s):  
Devi Ayu Lestari ◽  
Enni Savitri ◽  
Riska Natariasari
Keyword(s):  
Social Capital ◽  
Organizational Culture ◽  
Quality Management ◽  
Total Quality Management ◽  
Structural Equation ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
Primary Data ◽  
Total Quality ◽  
Medium Enterprises

This study aims to examine the effect of Organizational Culture, Entrepreneurship Orientation, Total Quality Management, and Social Capital on Business Performance. The population in this study was Micro, Small, and Medium Enterprises (MSMEs) engaged in processing industry in sub-district of Tampan Pekanbaru city. This study uses census method in sampling with owner of Micro, Small, and Medium Enterprises (MSMEs) in sub-district of Tampan Pekanbaru city as the respondent amount 122 unit enterprises. The data used in this study are primary data with questionnaires as an instrument. The data analysis method used is Structural Equation Model-Partial Last Square (SEM-PLS) by using WarpPLS 6.0 software. The results of this study showed that Organizational Culture, Entrepreneurship Orientation, Total Quality Management, and Social Capital have an effect on Business performance. The results indicate the important role Organizational Culture, Entrepreneurship Orientation, Total Quality Management, and Social Capital in improving the performance of MSMEs.

The Impact of Financial Literacy on Financial Preparedness for Retirement in the Small and Medium Enterprises Sector in Uganda

2020 ◽  
Vol 9 (3) ◽  
pp. 26-41
Author(s):  
Colin Agabalinda ◽  
Alain Vilard Ndi Isoh
Keyword(s):  
Financial Literacy ◽  
Small And Medium Enterprises ◽  
Group Analysis ◽  
Moderating Effect ◽  
Primary Data ◽  
Retirement Preparedness ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship ◽  
Effect Of Age

The study investigated the direct effects of financial literacy (knowledge, skills, and attitudes) on financial preparedness for retirement and the moderating effect of age among the small and medium enterprises in Uganda. Primary data was collected from a sample of n = 380 selected from the SME workforce. Descriptive analysis was run on SPSS, while validity and reliability of the measurement items yielded satisfactory composite reliability scores and average variance explained (AVE) scores for all items. Structural equation modelling (SEM) was used to test the hypotheses and multi-group analysis conducted to test for the moderating effect of age on the relationship between financial literacy and retirement preparedness. The results revealed that knowledge and skills were significant predictors of retirement preparedness. However, ‘attitude' was not a significant predictor, and age had no moderating effect on the relationship between the study variables. These findings present practical implications for policymakers and financial educators in a developing country context.

RFID-Based Optimization Method for Inventory Control Strategy

2010 ◽  
Vol 34-35 ◽  
pp. 1983-1987
Author(s):  
You Bo Wu ◽  
Yi Tao ◽  
Xiao Hong Pan ◽  
Peng Cheng Wu
Keyword(s):  
Inventory Control ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Optimization Method ◽  
Stock Management ◽  
Inventory Cost ◽  
Logistics Cost ◽  
Manufacturing Enterprises ◽  
Management Optimization ◽  
Medium Enterprises

As the market competition became more fiercely and the customers’ needs of diversified products increased, small and medium enterprises (SME) were more and more aware of the importance of getting quick respond of the market. More and more enterprises felt the logistics cost pressure during this business. How to lower down the logistics cost especially the stock cost became crucial for these SME enterprises. Further more, for enterprises whose producing type is many varieties small batches, how to use valid method to decline inventory and waste, is a great hard nut to crack. This article targeted on inventory control of clothing manufacturing enterprises for research, RFID technology was applied in stock management, optimization method was adopted for inventory control based on RFID, optimization control model was built, and the route for declined inventory cost and waste was analyzed. Finally, the application method was verified according emulation.

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