scholarly journals Examining Determinants of Entrepreneurial Success: The Case of Small & Medium Entrepreneurs in KP, Pakistan

2020 ◽  
Vol 12 (2) ◽  
pp. 177-198
Author(s):  
Ali Muhammad ◽  
Mishka N Orakzai
Keyword(s):  
Economic Activity ◽  
Small And Medium Enterprises ◽  
Descriptive Statistics ◽  
Government Policies ◽  
Entrepreneurial Success ◽  
Business Plans ◽  
Background Data ◽  
Provincial Capital ◽  
Medium Enterprises ◽  
Academic Implications

This study examines the underlying determinants that can lead to entrepreneurial success in relatively troublesome and unfavorable conditions in Khyber Pakhtunkhwa (KP), Pakistan. Identification of these elements can aid policymakers and institutions in promoting entrepreneurial and economic activity. Factors emerged from the literature include government policies, business plans, defensive motivation, availability of capital, and entrepreneurial traits and background. Data were collected from a sample of 190 participants operating small and medium enterprises in the provincial capital, Peshawar through close-ended questionnaires, and analyzed using descriptive statistics and multiple regression analysis. Interestingly, the results revealed that only business plans and government policies significantly impact the entrepreneurial success. These findings highlight the importance of business plans even in the contexts where most businesses are not formally registered. This study can contribute to practice and policy by paving new paths and avenues for those not well bestowed with enterprising personality and thus lacking entrepreneurial characteristics. The study bears both policy and academic implications such that entrepreneurial success can be instigated through governmental policies and assisting in business plans, as opposed to prior research focusing merely on traits, motivation and/or means of capital. This research, therefore, promotes the pool of potential successful entrepreneurs in the region.

scholarly journals Micro, Small, and Medium Enterprises (MSME’s) IN THE MIDDLE OF THE COVID-19 PANDEMIC

2021 ◽  
Author(s):  
lady
Keyword(s):  
Small Business ◽  
Economic Activity ◽  
Small And Medium Enterprises ◽  
The Law ◽  
Business Entities ◽  
Medium Enterprises ◽  
Micro Enterprises

MSMEs (Micro, Small, and Medium Enterprises) according to Law No. 20 of 2008 is a stand-alone productive economic activity. This business is usually carried out by individuals and not business entities that have subsidiaries or branch companies. It is further explained in the Law regarding the criteria for MSMEs, which are as follows:• Micro Enterprises: maximum assets of IDR 50 million• Small Business: assets of more than IDR 50 million – IDR 500 million.• Medium Enterprises: assets of more than IDR 500 million – IDR 10 billion.

PELATIHAN DIGITAL BUSINESS BAGI CALON ENTREPRENEUR MUDA KOTA LHOKSEUMAWE DI MASA COVID-19

2021 ◽  
Vol 1 (1) ◽  
pp. 36
Author(s):  
Falahuddin Falahuddin ◽  
Fuadi Fuadi ◽  
Munandar Munandar ◽  
Devi Andriyani ◽  
Arliansyah Arliansyah
Keyword(s):  
Digital Technology ◽  
Positive Impact ◽  
Small And Medium Enterprises ◽  
Economic Potential ◽  
Business Rules ◽  
Business Plans ◽  
Doing Business ◽  
Points Of View ◽  
Medium Enterprises ◽  
Young Entrepreneurs

This service will provide an overview of entrepreneurship of small and medium enterprises using digital technology. From all points of view, be it motivation, business opportunities or ideas, as well as business rules according to sharia. During the current Covid-19 pandemic, it is very demanding for young people who already have business plans to adopt digital business tools more quickly to survive and develop in the new normal era. Therefore, prospective young entrepreneurs have great potential to be prepared to become excellent entrepreneurs, who will not only be economically independent, but will also develop regional economic potential which in turn will have a positive impact on the national economy. The purpose of this service is to overcome the problem of unemployment by the younger generation. The solutions we provide are in the form of training and providing motivation to develop and provide basic techniques for doing digital business, and do not forget to provide understanding to aspiring young entrepreneurs about doing business in an Islamic way as a form of development of the nation's.

Inward Internationalization

2018 ◽  
pp. 250-275 ◽  
Author(s):  
António Carrizo Moreira ◽  
Luis Miguel D. F. Ferreira ◽  
Pedro Miguel Freitas da Silva
Keyword(s):  
Sample Size ◽  
Product Quality ◽  
Small And Medium Enterprises ◽  
Domestic Market ◽  
Descriptive Statistics ◽  
Future Research ◽  
Medium Enterprises

The existing literature on internationalization and purchasing is vast; however, the inward internationalization perspective is an under-researched topic. In this chapter, the authors review the literature on internationalization of small and medium enterprises (SMEs) to understand the main reasons behind international purchasing and the role of experience on internationalization. Using a survey and descriptive statistics, the results from 56 respondents show that SMEs source from a small number of countries and hold those relationships for several years. The main reasons underlying international purchases are lower prices and better product quality, regardless of goods availability on the domestic market. This chapter has some limitations concerning its exploratory nature, pertaining to its sample size. Some future research avenues are presented such as a deeper look on how internationalization processes differ when SMEs begin their activity by inward rather than by outward activities.

scholarly journals Determinants of New Small and Medium Enterprises (SMEs) Access to Bank Credit: Case Study in the Phu Tho Province, Vietnam

2017 ◽  
Vol 12 (7) ◽  
pp. 83 ◽  
Author(s):  
Hung D. Pham
Keyword(s):  
Small And Medium Enterprises ◽  
Business Plan ◽  
Bank Loans ◽  
Government Support ◽  
Bank Loan ◽  
Credit Access ◽  
Business Plans ◽  
Explanatory Variables ◽  
Total Capital ◽  
Medium Enterprises

Small and medium-sized enterprises (SMEs) play a very important role in the Vietnamese economy. Specifically, new SMEs are seen as a suitable solution to cope with development issues such as poverty and a high unemployment rate. In Vietnam, a high SME failure rate is due to lack of capital and poor managerial experience of owners. Most existing research on SMEs focuses on well-established stages, and less attention is paid to new SMEs. This paper investigates the determinants of credit access by SMEs existing for less than forty-two months in the Phu Tho province located in Northern Vietnam. The quantitative data were collected from 259 SMEs in 2015. The regression analysis reveals that a business plan, the firm size, and networking (emotional trust, knowledge trust, and approachability) are the main drivers of access to bank loans by new SMEs. About 64% (165 observations) of new SMEs in our sample did not get any bank loan caused by high collateral requirements, unfavorable interest rate, poor business plans, limited networking, and lack of government support. The results also indicate that, among the selected explanatory variables, having a concrete business plan significantly affects the bank loan ratio (total bank loans over total capital). Based on these results, we derived political implications.

scholarly journals Analysis of Entrepreneurial Leadership Skills and Sustainable Employee Productivity of MSMEs

2021 ◽  
Vol 1 (1) ◽  
pp. 12-27
Author(s):  
Josephine Diana S. Campos
Keyword(s):  
Sampling Method ◽  
Small And Medium Enterprises ◽  
Leadership Skills ◽  
Descriptive Statistics ◽  
Employee Productivity ◽  
Entrepreneurial Leadership ◽  
Leadership Position ◽  
The Subject ◽  
Medium Enterprises ◽  
Sustainable Productivity

The Philippine economy's backbone has been referred to as micro, small and medium enterprises (MSMEs) and is also the subject of intense attention from many government institutions and corporate bodies. MSMEs are rightly seen as drivers of economic change and development. A leader, on the other hand, is someone who assumes a leadership position which, by setting a good example and being effective in what he does, inspires a team of followers by winning their confidence and respect. He actively empowers and directs them. This paper intends to examine the correlation between the characteristics of MSME owners or entrepreneurs regarded as leaders and employee productivity that may affect success. Data is collected through a survey from fifty (50) MSMEs of Bulacan, who were chosen by the purposive sampling method. Descriptive statistics and non-parametric tests (Mann-Whitney U test and the Kruskal-Wallis test) were conducted to examine sustainable productivity by demographic profile and leadership skills manifested by MSME owners. The results thereof indicate that leadership skills possessed by MSME entrepreneurs revealed a significant correlation when compared with employee productivity variables.

scholarly journals On Whether Entrepreneurial Self Efficacy Is A Predictor Of Entrepreneurial Success

2020 ◽  
Vol 8 (7) ◽  
pp. 158-170
Author(s):  
Oyedele M. Oyeku ◽  
Oduyoye Oluseyi ◽  
Funmilayo Ajoke Karimu ◽  
F. Akinfolarin Akindoju ◽  
Falilu Oladeji Agbetokun ◽  
...  
Keyword(s):  
Pilot Study ◽  
Self Efficacy ◽  
Small And Medium Enterprises ◽  
National Association ◽  
Predictor Variables ◽  
Small Scale ◽  
P Value ◽  
Entrepreneurial Success ◽  
Lagos State ◽  
Medium Enterprises

The objective of this study is to examine the effect of entrepreneurial self efficacy on entrepreneurial success. 9,450 small and medium enterprises (SMEs) who are registered members of the National Association of Small and Medium Enterprises (NASME), National Association of Small Scale Industrialists (NASSI) and Association of Small Business Owners in Nigeria (ASBON) in Lagos State is the sample population. Probability sampling technique, specifically, proportionate stratified random sampling method was used to select samples from the sampling frame. The formula developed by the National Education Association (1960) was used to determine the sample size of 381 was used for this study. Primary data on the dependent variable (Entrepreneurial success) and independent variable (Entrepreneurial orientation) was collected using questionnaire as research instrument. Entrepreneurial self efficacy measures are optimism and overconfidence while measures for entrepreneurial success are profitability, market share, net asset growth, sales growth and government policies. The questionnaire was pretested by a pilot study of 50 selected SMEs. Data obtained from the pilot study was analyzed and based on the result, the questionnaire was slightly modified giving an overall Cronbach’s Alpha value of 0.853. The statistics of the model summary of the correlation co-efficient reveal that: R = .232 showing that the combined influence of the two predictor variables had a moderate positive relationship with entrepreneurial success. The coefficient of determination R square is .054 or 5.4%. This suggests that the combined influence of the predictor variables (optimism and overconfidence) explains 5.4% of the variations in entrepreneurial success of SMEs. The value of F (2,207) = 5.866, p <.05, shows that the combined effect of optimism and overconfidence was statistically significant in explaining changes in entrepreneurial success of SMEs in Lagos State. This is established by a p value of 0.003 which is less than the acceptance critical value of 0.05. The findings of the study reveal that entrepreneurs’ optimism had the highest influence on entrepreneurial success because the p value was 0.040 and then entrepreneurs’ overconfidence with 0.201. These findings may be of help to the owner/managers of SMEs to be more entrepreneurial optimistic in order for them to survive the intensely competitive market environment.

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