scholarly journals Financial impediments in risk management mechanisms of Greek Small and Medium Enterprises

2017 ◽  
Vol 12 (1) ◽  
pp. 3128-3152
Author(s):  
ANDREAS KARAOULANIS
Keyword(s):  
Risk Management ◽  
Small And Medium Enterprises ◽  
Research Question ◽  
Societal Implications ◽  
Financial Risks ◽  
Political Climate ◽  
Face To Face ◽  
Long Run ◽  
The Right ◽  
Medium Enterprises

Micro Small and Medium Enterprises (SMEs) in contemporary Greece have difficulties in overcoming their financial risks via the use of their risk management mechanisms. The main reason for this failure is the presence of several financial impediments which prevent such risk management mechanisms to perform efficiently enough. So, the aim of this research is to unveil these financial impediments while the research question is “What are the financial impediments that interfere with the Greek SMEs’ risk management mechanisms?”   The method that was used was the survey one by the use of questionnaires which were distributed face to face and by email. The data was analyzed by the use of the Dedoose software following a qualitative approach. The findings showed that the SMEs that were investigated used only informal and non- sophisticated risk management mechanisms, while the financial impediments that prevented such mechanisms to operate efficiently enough were the general unstable financial and political climate, the capital controls and the SMEs’ limited access to bank financing. The results of this research can have very important societal implications as they can show to SMEs’ owners the importance of the implementation of the right risk management mechanisms, something which can lead them to sustainable development and to general societal prosperity on the long run. Keywords Financial impediments, risk management, SMEs, Greece.

scholarly journals Peningkatan Branding Produk Untuk Promosi UsahaMikro Kecil Menengah (UMKM)

2021 ◽  
Vol 5 (6) ◽  
pp. 1493-1499
Author(s):  
Irwansyah ◽  
Muchamad Zainul Rohman ◽  
Wahyuni Eka Sari
Keyword(s):  
Community Service ◽  
Small And Medium Enterprises ◽  
Online Mentoring ◽  
Face To Face ◽  
Questions And Answers ◽  
Positive Perspective ◽  
Video Creation ◽  
The Right ◽  
Medium Enterprises ◽  
The City

The branding of a product or service is now more creative. One of them is using video. The right video can give potential buyers a positive perspective. However, there are obstacles in making attractive branding with videos, namely the ability to package attractive videos such as editing sound and images, dubbing and adding text. Another obstacle is the distribution of the video itself. Video creation sometimes requires applications with large resources. Meanwhile, as micro, small and medium enterprises (MSMEs), it is still rare to have computers with high enough specifications. As a solution to this problem, community service activities were carried out by the Samarinda State Polytechnic team to MSME owners in the city of Samarinda using the Kinemaster. The implementation of this activity is carried out for one day to meet face to face with online mentoring for one week. The method of implementation is carried out by lectures, practices, discussions and questions and answers. This intensive service was given to 35 participants. A total of 28 participants succeeded in making business product branding videos with a duration of 1 to 2 minutes

scholarly journals Notary Role In Making The Establishment Of The Deed Of Business Cooperation In The Rembang District

Jurnal Akta ◽  
2019 ◽  
Vol 6 (3) ◽  
pp. 573
Author(s):  
Zaenal Arifin ◽  
Aryani Witasari
Keyword(s):  
Small And Medium Enterprises ◽  
Secondary Data ◽  
Literature Study ◽  
Formation Stage ◽  
Cooperative Development ◽  
Preparation Stage ◽  
Cooperative Enterprises ◽  
The Right ◽  
Medium Enterprises

The purpose of this study was to analyze: 1) The implementation of the Deed of Establishment of Cooperative manufacture in Rembang. 2) The role of the Notary as the maker of the Deed of Establishment of Cooperative Enterprises. 3) Barriers and solutions in the Deed of Establishment of Cooperative Development in Rembang.The approach method in this research is juridical empirical, data sources used are primary and secondary data obtained through interviews and literature study, performed data analysis by descriptive analytic.Results of the research results can be concluded: 1) Implementation of Creation Deed of Establishment of Cooperative in Rembang which starts with the preparation stage of formation, preparation stage meetings of formation, stage meetings of formation, stage request for approval rights of legal entities cooperatives, and the stage of issuance of the deed pendiiran and 2) As the role of Notary Deed of establishment of cooperative enterprises in Rembang is as maker deed of cooperative efforts. Notaries have the right authority / legal standing in a deed of incorporation of cooperatives. 3). Obstacles and solutions in the Deed of Establishment of Cooperative Development in Rembang of the cooperative is a member of the cooperative awareness level is still low, less managerial capacity, and limited capital resources. Barriers of Notary Public Notary is still much limited knowledge of Notary Deed Official Cooperation (PPAK) and the low interest of the Notary Deed Cooperative (NPAK) in Rembang district were registered for the Legal Entity Administration System Cooperative (SISMINBHKOP). With the state of a society, then the Office of Industry Trade Cooperatives and Small and Medium Enterprises Rembang should seek to build cooperation between the Notary in Rembang with the Agency's own cooperative.Keywords: Deed of Establishment of Cooperative; PPAK; SISMINBHKOP 

scholarly journals Agri-food Exports and Challenges of Foreign Markets for a Small region: a Network Approach

2021 ◽  
Vol 17 (2) ◽  
pp. 607-618
Author(s):  
Roberta Sisto ◽  
Alba Marseglia ◽  
Edgardo Sica
Keyword(s):  
Small And Medium Enterprises ◽  
Research Question ◽  
Small Region ◽  
Complex Environments ◽  
Trade Patterns ◽  
Essential Condition ◽  
Eu Countries ◽  
Depth Analysis ◽  
Medium Enterprises ◽  
Over Time

Over the last decades, the agri-food sector has been involved in a substantial process of internationalisation. For many agri-food firms, internationalisation has become a significant element of competitiveness and an essential condition for their survival and success in spite of the possible initial difficulties in competing and organising activities in uncertain and complex environments. These challenges concern mainly agri-food small and medium enterprises (SMEs) that, due to their size, are in a more vulnerable position in relation to trade barriers compared to larger firms. Based on these premises, we investigated the structure of the agrifood exports of a small region by exploring its characteristics and evolution over time. While this research is relevant per sé, it can also explain the macroeconomic dynamics of the whole area and determine the further development of agri-food exports of a small region to non-EU countries. The analysis concentrates on exports to extra-EU countries from agri-food firms located in the province of Foggia (the south-east of Italy), a small area characterised by a large presence of SMEs and micro firms that are mainly devoted to agricultural production and food processing. To answer the research question, we employ the social network analysis, a method increasingly used for analysing international trade patterns. The use of this methodology has allowed us to conduct an in-depth analysis of firms and countries that occupy a strategic position in the network. These actors are crucial for the network’s survival since their removal could make the network more fragmented and disconnected. The analysis has been conducted in a dynamic way by exploring the characteristics of the network in 2014–2019, allowing us to assess its evolution over time. The results show that the structural properties of the analysed network have remarkably enhanced over time. However, the current network structure is not satisfactory yet since it relies, for the most part, on the connections among a few leading firms and a limited number of destination countries.

scholarly journals Exploring E-leadership Behaviour of Sri Lankan Small and Medium Enterprises

2020 ◽  
pp. 1-19
Author(s):  
E. A. G. Sumanasiri
Keyword(s):  
Qualitative Method ◽  
Small And Medium Enterprises ◽  
Future Research ◽  
Sri Lankan ◽  
Leadership Roles ◽  
Research Directions ◽  
Face To Face ◽  
Leadership Behaviour ◽  
Future Research Directions ◽  
Medium Enterprises

This paper explores the e-leadership behaviours of Sri Lankan Small and Medium Entreprises and the barriers to e-leadership in SME sector. To explore these research objectives a qualitative method was used with 23 semi-structured face-to-face interviews with owners of fast-growing SMEs in Sri Lanka. To understand the effective e-leadership behaviours the study used Gary Yukl’s Hierarchical Taxonomy of Leadership Behaviours model. Findings confirmed that most SME leaders use ‘Internet of things’ in performing their leadership roles. Among the four effective e-leadership behaviours described by Gary Yukl, most SME leaders use e-leadership for change-oriented decision making while relationship-oriented leadership behaviours became the least important. Theoretical contributions, limitations and future research directions are discussed in the concluding section of the paper.

scholarly journals COVID-19 Pandemic and Micro, Small and Medium Enterprises (MSMEs): Policy Response for Revival

2020 ◽  
Vol 47 (3) ◽  
pp. 213-228
Author(s):  
Minaketan Behera ◽  
Sanghamitra Mishra ◽  
Niharika Mohapatra ◽  
Alok Ranjan Behera
Keyword(s):  
Small And Medium Enterprises ◽  
Economic Activities ◽  
Fiscal Stimulus ◽  
Indian Economy ◽  
Long Run ◽  
Market Linkage ◽  
The Government ◽  
Medium Enterprises ◽  
High Degree ◽  
The Relationship

The outburst of COVID-19 has not only distressed the economic and social activities of Indian economy but also the world economy as a whole. Out of different economic activities, the micro, small and medium Enterprises (MSMEs) affected a lot. This article attempts to measure the contribution of MSMEs towards Indian economy and also attempts to find out the challenges and problems in pre- and during COVID period. We have used different descriptive statistics to measure the impacts of MSMEs and also use of correlation and co-integration to measure the relationship among the variables such as number of MSMEs, investment amount, employment and output. This pandemic is an exceptional shock for MSMEs. It is evident that there is a high degree of significant positive correlation among the variables. Johansen’s co-integration analysis resulted in the rejection of the null hypothesis signifying the existence of long-run co-integrating relationship. Given the extensive COVID-19 chaos, the government needs to establish an ongoing monitoring system and declare urgent relief steps to improve the MSMEs sector’s confidence. E-market linkage for MSMEs should be promoted, and fiscal stimulus should increase for this sector. The Government of India should take various measures to improve Indian MSMEs and achieve the vision of Self-reliant India.

scholarly journals Model for assessing the success of SMEs in the internacionali­zation process

2010 ◽  
Vol 58 (6) ◽  
pp. 245-252
Author(s):  
Lea Kubíčková ◽  
Aleš Peprný ◽  
Šárka Nováková
Keyword(s):  
Risk Management ◽  
Success Factors ◽  
Small And Medium Enterprises ◽  
Evaluation Model ◽  
Internationalization Process ◽  
Key Factors ◽  
Simple Method ◽  
Key Success Factors ◽  
Simple Evaluation ◽  
Medium Enterprises

The paper deals with evaluating the success of small and medium-sized companies in in­ter­na­tio­na­li­za­tion process. The process of internationalization is defined in the literature in a many ways; there is a countless variety of different approaches and models of internationalization process of firms. Like all processes in the firm also the internationalization process is accompanied by risks. For risk management it is important to know what the key factors of success are in the international arena. In this article is presented a simple evaluation model that could be used by SMEs to determine not only how strong are they compared to competitors, but also at what level are their key success factors in the process of internationalization. The aim was to find a simple method to help small and medium enterprises to assess their situation in the field of internationalization and to help them identify their strengths and weaknesses in this area. Proposed simple evaluation model has the graphic output from which it can be seen in which areas the company is doing well in internationalization process and in what areas is doing badly – then there is room for further improvement. Creating the model it was essential to divide the various factors into several groups and further evaluation to determine the range by which SMEs can quantify the level of success in internationalization process. Before the model was constructed it was necessary to collect data among small and mid-sized firms, and to process the outputs of the survey. After confirmation or to rejection of the certain hypotheses key success factors of SMEs in the internationalization process were selected and these factors were then aggregated into 4 groups. The model was then applied to data obtained from a survey of 40 SMEs and in the paper there are presented specific examples of graphical output of the model for the best and worst rated company. Authors are aware that the model is simple and has its limits, there is the need of much more work and the authors foresee further modifications of this model.

A Systematic Review on Leadership Styles in Small and Medium Enterprises

2021 ◽  
Vol 12 (1) ◽  
pp. 26-26
Author(s):  
S.E. Donny Sita ◽  
N.A. Mohd. Nor
Keyword(s):  
Systematic Review ◽  
Leadership Styles ◽  
Leadership Style ◽  
Small And Medium Enterprises ◽  
Research Question ◽  
Main Research ◽  
Working Together ◽  
Group Members ◽  
Medium Enterprises ◽  
And Control

Earlier notions of leadership opined that leadership can be found in one's genes that determine how an individual behaves and reacts to his/her surrounding (Bass, 1985). That is, a leader can still be detected in a group of people although nobody may be appointed to lead at the outset. In the past, an individual became a leader through inheritance of a rank or the throne in a country or in an institution. However, the temperament or characteristic of an individual determine whether one can lead or not. A leader acts as a conflict contributor, a resolver or peacemaker, and a punisher (King et al., 2009). Besides being dominant over the rest of the group members, a leader needs to influence the followers too with his/her leadership style. The leadership style of a leader depends on the attitude of him/her to influencing followers in the organisation. The modern era indicates that an uncertainty or complex situations are not uncommon. In a context of a small and medium enterprises (SMEs), turbulences arising in an enterprise require an effective leader to sustain a strong sense of opportunity for all followers. Such participation allows followers to share opinions, make better decisions and control the resources. In fact, followers and the leader cannot be separated. Likewise, leadership runs in tandem with development. Development occurs as leadership pushes it (Banyai, 2009). Hence, without proper leadership to lead the followers, it would be rather difficult to reach the mutual goals of the enterprise (Poskas & Messer, 2015). Also, a good leadership through guidance and effective communication enables followers to improve themselves. Hence, to conduct a relevant systematic review, the current paper is guided by the following main research question: how are leadership styles practiced among leaders in the context of small and medium enterprises? The focus of this paper is on the leaders of small and medium enterprises where followers are working together towards achieving the mutual goals of the enterprise. Keywords: leader; leadership style; PRISMA; small and medium enterprises; systematic literature review

Electronic Networks and Gaining Market Share

2013 ◽  
pp. 142-157
Author(s):  
Ghazi Al-Weshah ◽  
Khalil Al-Hyari ◽  
Amjad Abu-Elsamen ◽  
Marwan Al-Nsour
Keyword(s):  
Market Share ◽  
English Language ◽  
Small And Medium Enterprises ◽  
Deep Understanding ◽  
International Markets ◽  
Project Managers ◽  
Current Status ◽  
Electronic Networks ◽  
Face To Face ◽  
Medium Enterprises

This study provides a deep understanding of the current status of electronic networks in the Jordanian handicrafts sector from managers’ perspectives. More specifically, this study enhances utilisation of the e-environment to gain market share in local, regional, and international markets. Four cases of handicraft projects are selected to conduct face to face interviews. The results show that handicraft projects have initial attempts to use E-electronic in their activities, but these attempts are still in embryonic stages, and they do not use E-networks effectively to gain market share. However, project managers believe that there is a direct link between the use of electronic networks and increases in the business’s market share. Furthermore, it is intended that these initiatives be treated as innovative and at the end utilised to enhance the business development of similar enterprises belonging to the small and medium enterprises sector. The study recommends that such projects consider adoption of e-networks in their future plans, enhance their staff skills in terms of improving their IT and English language skills, and develop their own internet website to create new marketing channels.

Electronic Networks and Gaining Market Share

2011 ◽  
Vol 3 (3) ◽  
pp. 1-15 ◽  
Author(s):  
Ghazi Al-Weshah ◽  
Khalil Al-Hyari ◽  
Amjad Abu-Elsamen ◽  
Marwan Al-Nsour
Keyword(s):  
Market Share ◽  
English Language ◽  
Small And Medium Enterprises ◽  
Deep Understanding ◽  
International Markets ◽  
Project Managers ◽  
Current Status ◽  
Electronic Networks ◽  
Face To Face ◽  
Medium Enterprises

This study provides a deep understanding of the current status of electronic networks in the Jordanian handicrafts sector from managers’ perspectives. More specifically, this study enhances utilisation of the e-environment to gain market share in local, regional, and international markets. Four cases of handicraft projects are selected to conduct face to face interviews. The results show that handicraft projects have initial attempts to use E-electronic in their activities, but these attempts are still in embryonic stages, and they do not use E-networks effectively to gain market share. However, project managers believe that there is a direct link between the use of electronic networks and increases in the business’s market share. Furthermore, it is intended that these initiatives be treated as innovative and at the end utilised to enhance the business development of similar enterprises belonging to the small and medium enterprises sector. The study recommends that such projects consider adoption of e-networks in their future plans, enhance their staff skills in terms of improving their IT and English language skills, and develop their own internet website to create new marketing channels.

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