Diagnosis of Competitive Strategies of SMEs - Quevedo

Author(s):  
Sandoval Cuji Martha Matilde ◽  
Fajardo Arriaga Julia del Rocío ◽  
Sandoval Cuji Mónica María ◽  
Zambrano Medranda Luis Amable

The competitive strategies developed by Quevedo's microenterprises are very important, in order to know how they are going to compete in the markets, it was possible to identify them by means of a diagnosis based on the study methodology SWOT Analysis Matrix, through which it was possible To know the strengths, opportunities, weaknesses and threats that have affected the competitiveness and factors of success achieved by small and medium enterprises in the canton of Quevedo. The objective population consisted of 2045 small and medium entrepreneurs of the Quevedo canton, obtained from the Chamber of Commerce of Quevedo (CCQ, 2015), of which 361 SMEs were surveyed. The results of the survey show that firms, in relation to the competitive situation of the market, compete on the basis of lower prices, based on even lower costs, product quality; The variety of products that have SMEs to meet the requirements of customers, on the other hand the owners of SMEs - Quevedo define the competitive positions they have to achieve a better position in the market and a competitive advantage, Competition to existing competitors; The competition threatens the entry of new competitors and bargaining power of suppliers On the other hand, the most recognized and applied strategies among the SMEs of the study are: the strategies of organizational growth, it has not defined its organizational charts nor have a manual of functions and processes; They also use financial growth strategies as the acquisition of resources, through bank and non-bank financing and the adequate costs of their goods or services, entrepreneurs have great weakness in strategies and work climate, where they do not apply a technical system of Recruitment for the selection of personnel, nor do they train in order to allow the entity to be more competitive; Also consider that the best marketing strategy is the knowledge of the business through Advertising, companies assume the position of market leaders by expanding the size of the total market and expand their market share through cost reductions, Consequently, in order for a strategy to be successful, companies must be related to the objectives, values and goals, with the resources and capabilities of the organization, its environment, structure and organizational systems.

2019 ◽  
Vol 8 (4) ◽  
pp. 4196-4200 ◽  

The line of business carried out by the pawnshop company is always experiencing growth. At the moment, it does not only provide facilities for lending money guaranteed by pawnshop but also includes other activities, one of which is a credit facility with fiduciary collateral. This fiduciary loan is intended to help Micro, Small and Medium Enterprises to obtain financing easily and quickly. This fiduciary guarantee benefits the creditors, because it can provide confidence that the debt will be repaid by the debtor in accordance with the agreement. On the other hand the giver guarantees the benefits of getting financing and can still use collateral. However, the use of fiduciary guarantees at the pawnshop company raises problems in practice. Among other things, there are differences in the principle between pawning with fiduciary collateral and fiduciary collateral execution if the debtor defaults.


Author(s):  
Ana María Felipe-Redondo ◽  
Luis Alberto Mendoza-San Juan

The objective of this study is to identify the areas of opportunity for micro, small and medium enterprises (MPyMES) in the Huasteca region of Hidalgo, which can be optimized through the use of IT. An exploratory and descriptive investigation was carried out, with a quantitative approach through the Malhotra methodology,Three ways were raised with respect to the use of ITs, the MPyMES. Why don't they use IT? If they use IT, in what processes do they use them? What other processes through IT can be strengthened ?, the research results reveal that some of the MPyMES do not incorporate IT, because they consider that its implementation is expensive, additionally there is no experience to implement it.This study intends on the one hand, identifies all areas of opportunity in the area of ITs presented by MPyMES and on the other hand serves this information as an element of entry to the CATI Academic Body, for the management of their movements that have those aspects that impact on microenterprises, thus fulfilling the social commitment that as a group of researchers has with society.


2020 ◽  
Vol 11 (2) ◽  
pp. 120
Author(s):  
Reny Aziatul Pebriani ◽  
Shinta Dwina Ramdhani S.

<p><em>This study aims to analyze the financial performance of PT PUSRI Palembang Employees' Cooperative and the Semen Baturaja Palembang Employees' Cooperative (KOPKAR) using profitability, liquidity, and solvency ratios compared to standard ratios based on State Ministerial Regulations for Cooperatives and Small and Medium Enterprises Republic of Indonesia No.18/Dep.I/XI/2018. This research collected quantitative secondary data obtained from documentation, interviews, and literature studies. The results showed that the profitability level of the Employees' Cooperative of PUSRI and Semen Baturaja in 2016-2018 in terms of net profit margin was poor. In terms of return on assets, the performance of the two cooperatives was poor. In terms of return on equity, the Employees's Cooperative of PUSRI was fair, whereas Employees' Cooperative of Semen Baturaja was poor. The liquidity level of the Employees' Cooperative was fair, and the Employees' Cooperative of Semen Baturaja was good. On the other hand, the level of solvency in 2016-2018, the debt to assets ratio evidenced that both of the employees' cooperative performance was both fair.</em></p>


1970 ◽  
Vol 7 (1) ◽  
pp. 1-10
Author(s):  
Afief El Ashfahany ◽  
Mei Nurul Aini

Baitul Maal Wat Tamwiil (BMT) or Islamic microfinancing has become one of the alternatives for Small and Medium Enterprises (SME’s) problem of financing due to lack of capacity to reach any formal financial institutions such as a bank. This study aims to explore the economic and psychological impact of SMEs by acquiring financial facilities through Islamic microfinancing or BMT.  The study is using descriptive with an inductive analysis. This study finds that financing through Islamic microfinance has a positive economic impact to increase the potential income of SMEs. On the other hand, financing through BMT has its positive psychological impact such as peace of mind and increasing the religiosity level of the respondent.


2020 ◽  
Vol 5 (2) ◽  
pp. 226-236
Author(s):  
Nani Sayekti ◽  
◽  
Rochmat Purnomo ◽  
Yeni Cahyono ◽  
Choirul Hamidah ◽  
...  

Early in 2020, Indonesia was shocked by the massive spread of the Covid-19 virus which made the industrial sector experienced a decline, both large and micro, small, and medium enterprises including furniture craftsmen. This study aims to determine the Furniture Crafts Development Strategy for the Covid-19 Pandemic. The research method used a qualitative descriptive approach, the informants were selected using purposive sampling technique as many as 5 trading businesses. The data collection method used in-depth interviews and field observations. Data analysis using SWOT analysis to evaluate strengths, weaknesses, opportunities, and threats. The results showed that competitive strategies that can be used to maximize strengths and opportunities as well as minimize weaknesses and threats in the business of furniture craftsmen in the Ponorogo regency are market development strategies, product development, and development. Innovation, including improving and maintaining good communication with networks and consumers, cooperating with new networks, and increasing quality and innovation to maintain loyalty and attract new customers


2021 ◽  
Vol 12 (1) ◽  
pp. 3
Author(s):  
Paul Agu Igwe ◽  
David Gamariel Rugara ◽  
Mahfuzur Rahman

The economic advancement of emerging markets such as China, Brazil, and India has been regarded as one of the benefits of a globalized world. This paper revisits and evaluates the Uppsala model to teases out the process, speed, determinants, and challenges of early internationalization approaches of firms in transition and emerging markets (TEMs). Applying Systematic Literature Review (SLR), this article collects, disintegrates, and categorizes previous studies, synthesizing the theoretical models to shed light on small and medium enterprises (SMEs) characteristics, behaviour, and motives to internationalise, as well as the approaches to internationalisation. This method identified 183 articles published between 2008–2018 from 84 international journals. A triad (a set of three related things) highlights the three main features of the Integrated Uppsala Model including the basic assumptions, influential factors, and competitive strategies of firms. The findings suggest that the institutional–legal environment constitutes key barriers that firms in TEMs must overcome to develop an early internationalization strategy. It appears that internationalization literature focusing on emerging markets is biased towards China. The review identifies a need for future studies to (i) focus on emerging markets firms in Africa and South America; and (ii), provide a cross-country analysis and evaluation of internationalization strategies of TEMs.


2018 ◽  
Author(s):  
Kristiana Sri Utami ◽  
Nany Noor Kurniyati

Creative industries including its subsector handicraft, is very potential to be developed, because Indonesia is rich in culture heritage. Creative industries is largely related to a group of micro , small and medium enterprises which are mostly located in rural areas . Industry has entered the era of globalization which is rapidly developed, so that the role of UKM (small&amp;medium enterprises) in handicraft as a part of the creative industries to achieve welfare society should be developed. The appropriate strategic planning will spur the development of this industry. Mendong craft is one of the creative industry subsector that exists in Sleman. Methods of analysis is using value chain and SWOT analysis. From the data, it is found that mendong craft is a cultured asset that deserve to be developed. Mendong, as the material for the weaved craft is an abundant local natural asset, but a lack of interest from the local community to develop this industry brings less quantity of product that is produced. This craft is still less touched so that it has limitation in creation/ design, production,commerlialization, and distribution. The reality is that the entrepreneurs are afraid to enter the global marked caused by anxiousness about the inability to fulfill demanded quantity.


GANEC SWARA ◽  
2019 ◽  
Vol 13 (2) ◽  
pp. 375
Author(s):  
IDA AYU KETUT MARINI ◽  
IDA AYU NOPIARI ◽  
IDA BAGUS EKA ARTIKA

   Micro, small, and medium enterprises (MSMEs) are one economic entity that continues to be encouraged by the government, because it can absorb labor, can reduce unemployment and also increase people's income   This research is carried out at UD Kenanga, which produces and markets oyster mushrooms in the city of Mataram. This research is a descriptive study that aims to determine marketing strategies. This research is analyzed by SWOT analysis.  The results show that UD Kenanga is strategically in quadrant II which shows that UD Kenanga is in a diversified strategy position. The conclusion of this study is the internal and external factors that influence the marketing strategy of white oyster mushrooms on UD. Kenanga consists of an affordable amount of capital, competent workforce, adequate product quality, strategic company location, competitive prices and able to produce their own seeds. Factors that become weaknesses are low production levels, not yet diversifying white oyster mushroom products, lack of a marketing system for white oyster mushroom products, limited production land, unprofessional financial management, no mushroom product promotion activities. Factors that become opportunities are broad market share, high purchasing power, government intervention, demand for oyster mushroom products is increasing, technological advances. Threatening factors are inter-company competition, changing seasons, consumer demands for quality mushroom products, rising fuel prices.   Suggestions for companies, to diversify the company's products By diversifying products, so as to increase new customers or consumers. For the government, to pay more attention to the needs of micro businesses, especially to increase activities or technical training related to white oyster mushroom products. 


AdBispreneur ◽  
2019 ◽  
Vol 3 (2) ◽  
pp. 89
Author(s):  
Muhamad Rizal ◽  
Erna Maulina ◽  
Nenden Kostini

ABSTRACTIn 2017, more than 40 new fintech businesses is born, this financial business have emerged that have tried their luck in the Indonesian financial landscape along with the other 140s of startup that have stood before. Indonesia's fintech industry has become one of the prima donna that attracted so much attention from the financial industry actors. Investment on startup fintech began to attract a lot of interest, even some startup managed to get series A of investment this year. The fintech sectors are beginning to develop and many new products are launched.Meanwhile, the Ministry of Cooperatives and Small and Medium Enterprises (Ministry of Small and Medium Enterprises) launched 3.79 million micro, small and medium enterprises (SMEs) already utilizing online platform in marketing their products. This number is around 8 percent of the total perpetrators of SMEs in Indonesia, which is 59.2 million.The problem of sources of financing is a classic problem that is a barrier to the growth of SMEs who do not get financing facilities from the banking sector. Lack of financial resources makes SMEs unable to develop innovations to increase production. However, the rapid growth of financing business of fintech, such as peer-to-peer lending can now be another alternative for loan fund raisers. peer-to-peer lending is a financing business that targets the middle to lower market sectors  ABSTRAKSepanjang tahun 2017, setidaknya muncul lebih dari 40 bisnis fintech baru yang mencoba peruntungan di lanskap keuangan Indonesia bersama dengan 140-an startup lain yang telah berdiri sebelumnya. Industri fintech Indonesia memang menjadi salah satu primadona yang menarik perhatian begitu besar dari para pelaku industri keuangan. Investasi pada startup fintech mulai banyak diminati, bahkan beberapa startup berhasil mendapatkan investasi seri A di tahun ini. Sektor-sektor fintech mulai berkembang dan produk-produk baru banyak diluncurkan.Sementara itu, Kementerian Koperasi dan Usaha Kecil Menengah (Kemenkop UKM) melansir sebanyak 3,79 juta usaha mikro, kecil, dan menengah (UMKM) sudah memanfaatkan platform online dalam memasarkan produknya. Jumlah ini berkisar 8 persen dari total pelaku UMKM yang ada di Indonesia, yakni 59,2 juta.Masalah sumber pembiayaan merupakan masalah klasik yang menjadi penghambat pertumbuhan UMKM yang tidak mendapat fasilitas pembiayaan dari sektor perbankan. Kurangnya sumber dana menjadikan UMKM tidak dapat mengembangkan inovasi untuk meningkatkan produksinya. Namun demikian pesatnya pertumbuhan bisnis pembiayaan FinTech seperti peer-to-peer lending  sekarang ini bisa menjadi alternatif lain bagi para pencari dana pinjaman. peer-to-peer lending merupakan bisnis pembiayaan yang menyasar sektor  pasar menengah ke bawah.


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