scholarly journals Innovations as the Competitive Advantage for Small and Medium Enterprises: the Case for the Kingdom of Saudi Arabia

2020 ◽  
pp. 196-205
Author(s):  
Ahlam Otaibi Alghanmi
Keyword(s):  
Saudi Arabia ◽  
Competitive Advantage ◽  
Organizational Innovation ◽  
Small And Medium Enterprises ◽  
Vital Role ◽  
Innovation Strategy ◽  
Kingdom Of Saudi Arabia ◽  
Innovation Strategies ◽  
Medium Enterprises ◽  
The Impact

There is a lack of studies on innovations and competitiveness in Small & Medium Enterprises (SMEs) in Saudi Arabia; to fell this gap, this paper will study change as the competitive advantage for Small and Medium Enterprises: the case for the Kingdom of Saudi Arabia. The study aims to explore different practices of SMEs in the Kingdom of Saudi Arabia to examine the impact of innovation strategies (Organizational, Product, Process, and Market) on the competitive advantage of SMEs. The study was conducted on one hundred and forty-seven (147) SMEs that are practicing different activities in the Kingdom of Saudi Arabia. The study's analysis indicates that most of the enterprises were young (operation years were less than ten years), which shows the strong need to apply innovative strategies to maintain their position and competitiveness in the market. Competitive advantage enables the firm to utilize its resources efficiently and maintain high levels of quality performance. The results show that the correlation between Innovation strategies such as product innovation strategy, market innovation strategy, process innovation strategy, and organizational innovation strategy practiced by SMEs in the Kingdom of Saudi Arabia and competitiveness was Positive. Therefore, it indicates that different innovation strategies were significantly influencing the competitiveness of the SMEs. To remain a competitor enterprise in the market is not a natural or an easy attempt, and it can be challenging for SMEs, especially without the needed knowledge and support. Findings and recommendations of the study can be used as a guideline for SMEs. Also, emphasizing on the importance of education that plays a vital role in SMEs innovations. It is essential to establish with different research centers and universities in the Kingdom of Saudi Arabia programs or activities that focus on changes in business, and it will result in gaining competitive advantage and sustainability for Small and Medium Enterprises in the market. Keywords: competitive advantage, innovation, small enterprises, medium enterprises.

Effect of Innovation Strategies on Sme Performance Mediated Competitive Advantages

2019 ◽  
Vol 118 (2) ◽  
pp. 94-97
Author(s):  
Mohammad Mabrur Taufik ◽  
DewiPuspaningtyas Faeni
Keyword(s):  
Competitive Advantage ◽  
Human Resource Development ◽  
Structural Equation ◽  
Small And Medium Enterprises ◽  
Simple Random Sampling ◽  
Innovation Strategy ◽  
Product Introduction ◽  
Research Population ◽  
Innovation Strategies ◽  
Medium Enterprises

Small and Medium Enterprises and Indonesian Cooperatives (SMESCO) are strategies in promoting and introducing Indonesia's superior products to the international community. Through SMESCO, SME owners can work together on standardization of SME products, SME quality standardization and at the same time a forum for fostering SMEs to market their products, through human resource development programs including seminars, training, workshops and product introduction through online shops and mentoring programs. The research aims to prove and analyse the influence of: innovation strategies on the performance of SMEs in SMESCO Indonesia directly or through competitive advantage; innovation strategy towards competitive advantage; competitive advantage towards the performance of SMEs at SMESCO Indonesia. The research population is all SME companies that partner with SMESCO Indonesia. Sampling is done by probability sampling with a simple random sampling method. Data analysis using Structural Equation Modelling-Partial Least Squares, a sample of 147 small and medium business owners at SMESCO Indonesia. The results of the study prove: (1) The innovation strategy does not directly have a significant effect on the increasing performance of SME companies in SMESCO Indonesia but has a significant effect through competitive advantage; (2) Competitive advantage has a significanteffect on the increasing performance of SMEs in Indonesia.

scholarly journals The role of entrepreneurship in achieving competitive advantage

2021 ◽  
Vol 12 (01) ◽  
Author(s):  
Hoda Ahmed Ibraheem ◽  
◽  
Alhanof Mohammed Alshuraym ◽  
Keyword(s):  
Saudi Arabia ◽  
Competitive Advantage ◽  
Analytical Approach ◽  
Positive Relationship ◽  
Small And Medium Enterprises ◽  
Kingdom Of Saudi Arabia ◽  
Medium Enterprises

Despite the importance of promoting entrepreneurship in business activities to achieve a competitive advantage, a large proportion of business firms fail to make entrepreneurship a reality in their work. In addition, these constraints make it possible to gain a competitive advantage in the problems of the market in particular that modern markets are full of rivals and fast-paced changes in various variables. In light of this, the researcher carried out this study to investigate the role of entrepreneurship in achieving competitive advantage in SMEs. By using the descriptive-analytical approach, developing a questionnaire tool and distributing it to a sample of 100 administrators working in SMEs in Saudi Arabia. The results of the study showed that there is a positive relationship in the role of entrepreneurship in achieving competitive advantage in small and medium enterprises in the Kingdom of Saudi Arabia.

scholarly journals The Innovation Type and Strategy Implemented by Chinese SMEs: Case Study of Manufacturing Industry in Shanghai

2017 ◽  
Vol 8 (2) ◽  
pp. 907-915
Author(s):  
Khaled Mohammed Alqahtani
Keyword(s):  
Manufacturing Industry ◽  
Organizational Innovation ◽  
Small And Medium Enterprises ◽  
Point Of View ◽  
Innovation Strategy ◽  
Structured Interviews ◽  
Cluster Strategy ◽  
Medium Enterprises ◽  
Social Wealth ◽  
Innovation Type

In China, small and medium enterprises (SMEs) play a crucial role in economic development and social wealth in terms of GDP growth, employment creation and poverty alleviation. In the age of technology and information, innovation has been regarded as one of the most significant drivers for the growth and prosperity of SMEs. Therefore, it is necessary for SMEs to implement innovation strategy, which would help them to initiate new products, adopt new processes and increase their competitiveness. From this point of view, this study attempts to identify the innovation situation of Chinese SMEs with regard to innovation type as well as innovation strategy. The research data is collected through structured questionnaires and semi-structured interviews from SMEs of manufacturing industry in Shanghai, China. According to the data results, process innovation and marketing innovation are adopted more frequently than product innovation and organizational innovation by Chinese SMEs. This study also demonstrates most SMEs in China implement free-riding strategy; some of them adopt niche strategy; and few SMEs practice cluster strategy. Although innovation is increasingly important for Chinese SMEs, their implementation of innovation strategy is not highly effective and successful.

scholarly journals The Effect of External Knowledge Sources on Organizational Innovation in Small and Medium Enterprises in Germany

2021 ◽  
Vol 12 (1) ◽  
pp. 60-79
Author(s):  
Shoaib Abdul Basit
Keyword(s):  
Private Sector ◽  
Small Firms ◽  
Organizational Innovation ◽  
Small And Medium Enterprises ◽  
Knowledge Sources ◽  
Community Innovation Survey ◽  
External Knowledge ◽  
Medium Enterprises ◽  
External Actors ◽  
The Impact

Abstract Background: Firms increasingly depend on external actors for the process of generating innovation. Interaction with these actors might occur through an official collaboration agreement or via external actors as the source of information. Objectives: Although open innovation has received more attention, still less is known about its effect on organizational innovation. To fill this gap, this study investigates the impact of various external knowledge sources on the willingness of small and mediumsized enterprises to introduce organizational innovation. Methods/Approach: To achieve the proposed objective, the German Community Innovation Survey conducted in 2017 is used for the econometric analysis. Results: Different external sources of knowledge are relevant for the introduction of organizational innovation in small firms (customers in the private sector, competitors, conferences, and crowdsourcing) compared to medium-sized firms (customers in the private sector and industry associations). Conclusions: External knowledge sources are more important for small firms compared to medium firms, and those small firms are more likely to use various sets of external knowledge.

scholarly journals Hegemony of Network Capabilities, Frugal Innovation and Innovation Strategies: The Innovation Performance Perspective

2021 ◽  
Vol 14 (1) ◽  
pp. 2
Author(s):  
Mohamed Haffar ◽  
Rasim Ozcan ◽  
Magdalena Radulescu ◽  
Nicoleta Isac ◽  
Abdelmohsen A. Nassani
Keyword(s):  
Small And Medium Enterprises ◽  
Dominant Role ◽  
Innovation Performance ◽  
Mediating Effect ◽  
Successful Operation ◽  
Frugal Innovation ◽  
Innovation Strategies ◽  
Medium Enterprises ◽  
The Impact

The emergence of advanced technologies has brought new challenges and opportunities for all kinds of business organizations. In a technologically advanced era, innovation plays a dominant role for the successful operation of the commercial landscape. Therefore, the current study was conducted to investigate the impact of network capabilities (NC) and frugal innovation (FI) on innovation performance (IP). Furthermore, the mediating role of FI and moderating role of innovation strategies has also been tested on the link between NC and IP. Small and medium enterprises (SMEs) registered with small and medium enterprises development authorities (SMEDA) were approached for the completion of the current study. Only 509 owner/managers agreed to participate. A quantitative research design was employed for the current study. During the two–three months process of data collection only 387 complete responses were received from the SMEs working in Pakistan’s big cities. Correlation, regression and bootstrap methods were applied to test the study hypotheses. The findings revealed that NC positively affect FI and IP. Furthermore, the findings also confirmed the mediating effect of FI between NC and IP link. The performance of SMEs working in emerging economies is largely based on their innovative activities. In this dynamic scenario SMEs’ survival is attached to continuous IP in their products and services.

scholarly journals Learning from foreign operation modes: The virtuous path for innovation

2020 ◽  
Vol 23 (2) ◽  
pp. 159-171 ◽  
Author(s):  
Cristina Villar ◽  
José Pla-Barber ◽  
Pervez Ghauri
Keyword(s):  
Organizational Innovation ◽  
Small And Medium Enterprises ◽  
Jel Classification ◽  
Superior Performance ◽  
Alternative View ◽  
Operation Modes ◽  
Foreign Operation ◽  
Traditional Manufacturing ◽  
Medium Enterprises ◽  
The Impact

In this article, we analyze the impact of learning from internationalization on small and medium enterprises’ (SMEs) performance along different development paths. Drawing on the exploitation versus exploration logic, we use an alternative view of foreign operation modes (the learning perspective) to provide insights into the impact of such learning on technological and organizational innovation as well as overall performance. Our results, which are derived from a sample of 132 SMEs active in traditional manufacturing industries, point to a path to superior performance that entails resource-augmenting operation modes and organizational innovation. JEL CLASSIFICATION: O31; F23; L25; M10; M16

scholarly journals The Impact of Technology in the Field of Accounting in Small and Medium Enterpresis

2019 ◽  
Vol 8 (4S3) ◽  
pp. 445-449
Keyword(s):  
Information Technology ◽  
Competitive Advantage ◽  
Web Sites ◽  
Small And Medium Enterprises ◽  
Human Errors ◽  
The World ◽  
Commercial Enterprise ◽  
Impact Of Technology ◽  
Medium Enterprises ◽  
The Impact

The impact of information technology in accounting is playing a major role in small and medium enterprises information technology has been the prevailing impact to businesses and around the world .It is now given stretching from the perspective of technology and it is benefits as to whether it can be effective, that is improving small and medium enterprises performance, where many if not most of businesses implementation include competitive advantage, reduction in human errors. Companies in telangana state have different reasons for frequent improvement of technology to existing technologies used in the companies. an system application practices company outlined that the usage of technology to maximise your industrial enterprise productiveness creates the platform to recognise authentic employer success business productivity and statistics technology guarantees businesses have the equipment to conquer the challenges of executing on technique each day and prospering in gift international scenario.. Small and medium enterprises business firms implements technology because it enables the company to keep up with other small and medium enterprises business firms in throughout the world. And technology allows businesses to decorate their communique strategies. using emails and awesome web web sites can help agencies beautify communique with purchaser.. This permits in retaining competitive advantage and commercial enterprise corporation owners can use generation to reduce commercial organization costs. And it enables in automating decrease lower back workplace features, for example file of ebook retaining, accounting and payroll. generation also can be used to create secure environments for maintaining sensitive organization or consumer facts. in international situation

scholarly journals Encouraging Innovativeness of Small and Medium Enterprises in Serbia to Support Competitiveness Improvement in the Post-Crisis Period

2015 ◽  
Vol 52 (1) ◽  
pp. 51-64 ◽  
Author(s):  
Maja Ivanović-Đukić ◽  
Maja Lazić
Keyword(s):  
Developing Countries ◽  
Competitive Advantage ◽  
Economic Crisis ◽  
Small And Medium Enterprises ◽  
Technological Innovations ◽  
Macroeconomic Policies ◽  
Cost Leadership ◽  
Crisis Period ◽  
Medium Enterprises ◽  
The Impact

AbstractThe global economic crisis has taken a number of consequences. In order to overcome them, many of various measures on macroeconomic and microeconomic level should be implemented in the post-crisis period. A large number of developed and developing countries as a key lever in the post-crisis period would recognize the SME sector, so that the greatest number of macroeconomic policies aims at fostering its competitiveness. Previously, a competitive advantage of SMEs was generally founded on focusing on specific markets, competing in fragmented industry or on cost leadership. Nowdays, the ability to innovate is the most important source of their competitiveness. However, since the capacities of SMEs to introduce technological innovations are generally limited, strong macroeconomic support for increasing innovativeness of SMEs is necessary. This paper will explain measures which may increase innovativeness of SMEs and the impact of SMEs innovations on their competitiveness and the competitiveness of the economy in which they operate. A special emphasis will be on the analysis of innovativeness of the SMEs in Serbia.

scholarly journals The Role of Microfinance in the Development of Small and Medium Enterprises (SMEs)

2021 ◽  
Vol 5 (2) ◽  
pp. 125-145
Author(s):  
Asad Khan ◽  
Daniyal Inayat ◽  
Dr. Samra Kiran
Keyword(s):  
Financial Risk ◽  
Small And Medium Enterprises ◽  
Vital Role ◽  
Security Requirements ◽  
Primary Data ◽  
Firm Characteristics ◽  
Entrepreneurial Attitudes ◽  
Lack Of Information ◽  
Medium Enterprises ◽  
The Impact

This work has tried to investigate the impact of microfinance on the development of SMEs). The primary data was collected through questionnaires from SMEs in Peshawar. The results show that microfinance plays a vital role in the revenue and profit growth of SMEs and reveals that SMEs with higher financial risk and lower levels of productivity are more likely to seek microcredit. Furthermore, the results suggest that firm characteristics including product innovation efforts and managerial and entrepreneurial attitudes are the key determinants of the likelihood of receiving microfinance. The main problems identified were lengthy documentation process, lack of information about the microcredit other security requirements.

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