scholarly journals Financial Re-Engineering and Growth in Performance of Small and Medium Enterprises (SMEs) in Nigeria

Author(s):  
Adegbie Folajimi Festus ◽  
Olaore O. Oyindamola

Small and Medium Enterprises are the major engine room for growth of every nation.In recent times, studies have shown that business processes have become complex and these have affected the sustainability of SMEs. Changes in business processes require organizations to be dynamic and exploit opportunities perceived to influence performance of small and medium enterprises (SMEs). The study examined the effect of financial reengineering on the growth in performance of SMEs in Nigeria. The study employed survey research design. The sampled population was 11,663 SMEs in Lagos State,the business heartbeat of Nigeria. Using Taro Yamane formula, Sample size was 387. The owners/managers of these SMEs were selected through a multi-stage sampling technique involving stratified and proportionate sampling method. 387 copies of structured questionnaire were administered with a retrieval rate of 100%. Cronbach alpha coefficient ranged from 0.707 to 0.832. Descriptive and inferential statistics were used for data analysis. The findings revealed that financial re-engineering has significant effect on sales growth of SMEs.........

Webology ◽  
2020 ◽  
Vol 17 (2) ◽  
pp. 445-461
Author(s):  
Ibini Emueje ◽  
Henry Odigwe Olannye ◽  
A.P. Olanye

Resilience is a vibrant process of adaptation which enables entrepreneurs to constantly direct a futuristic aspiration despite the volatile conditions of a market. The study examined entrepreneurial resilience on the performance of small and medium enterprises organization in Asaba, Delta State. The cross-sectional research survey research design method was employed. The study adopted the stratified random sampling technique. The sample size used was limited to 201 respondents. A structured questionnaire was the research instrument employed in the study. Descriptive statistics as well as multiple regression analysis was used to analyse the data collected. Findings showed overwhelmingly that resourcefulness, strategic diversity and pro-activeness has a substantial positive relationship with organizational performance. The study concluded that entrepreneurial resilience has a positive effect on organizational performance. The study result showed that resourcefulness has the highest affirmative effect on organizational performance. Thus, the study recommended that if enterprises understand the nature of the association amid the dimensions of entrepreneurial resilience, the failure rate of small and medium enterprises can be reduced.


2021 ◽  
Vol 1 (11) ◽  
Author(s):  
Egidio Da Costa ◽  
Niu Xiong ying

Small and medium enterprises (SMEs) play a large role in the economic development of each country. This can be seen from their contribution to the Gross Domestic Product (GDP). In addition, the existence of impact on the development of several countries, especially small and developing countries. This study was conducted with the aim of exploring the influence of skills, knowledge and abilities on the performance of SMEs with a quantitative approach. The population in this study was SMEs domiciled in Dili, Timor-Leste and the sampling Method was simple random sampling technique. The data collection was conducted by distributing questionnaires to 250 units of SMEs business owners and managers. The measurement scale Used was a Likert scale. The data were analyzed using SPSS version 23 with multiple regression analysis. The results of the F test (Simultaneous) analysis show that the skills (X1), knowledge (X2) and ability (X3) have positive and significant effects on SMEs’ performance (Y). While t test (Partial) results show skills is positive, but Do not significantly influence SMEs performance while knowledge and abilities show positive and significant effects on SMEs performance.


Liquidity ◽  
2018 ◽  
Vol 7 (2) ◽  
pp. 137-143
Author(s):  
Ramon Ramadhan

This study conducted observations and studies to determine the effect of mudharabah financing provided by BMT Baiturrahman on the development of Micro, Small and Medium Enterprises (MSMEs). The research technique used in this study is a quantitative technique with a population of customers who take financing in the BMT with a total of 166 customers financing after using the 10% Slovin error formula to 63 customers as the sample. The sampling technique in this study uses non-probability sampling by convenience sampling method. Whereas for data analysis methods using a simple linear regression analysis model, and for processing data using SPSS 23. This study concluded that mudharabah financing has a very strong relationship (correlation) which is very significant for the development of MSMEs. So it can be concluded that mudharabah financing has a significant effect on the development of MSMEs.


2020 ◽  
Vol 2 (4) ◽  
pp. 961
Author(s):  
Jessica Rizan ◽  
Louis Utama

The purpose of this study is to find out 1) To find out whether entrepreneurship skills have an influence on the performance of micro and small businesses in the culinary field in North Jakarta.2) To find out whether market orientation has an influence on the performance of micro and small businesses in the culinary sector in North Jakarta. 3) To find out whether sales orientation has an influence on the performance of micro and small businesses in the culinary sector in North Jakarta. The population in this study were entrepreneur in Jakarta. The sample used in this study was 40 respondents from micro small medium enterprises in North Jakarta. The sampling technique used was nonprobability sample with purposive sampling sampling  method. Overall the results of this study are 1) Entrepreneurial skills have an influence on the performance of micro and small businesses in the culinary field in North Jakarta, 2) Market orientation has an influence on the performance of micro and small businesses in the culinary sector in North Jakarta, 3) Sales orientation has an influence on the performance of micro small and medium enterprises in the culinary sector in North Jakarta. Tujuan penelitian ini adalah untuk mengetahui 1) Untuk mengetahui apakah keterampilan kewirausahaan memiliki pengaruh terhadap kinerja usaha mikro kecil dan menengah pada bidang kuliner di Jakarta Utara. 2) Untuk mengetahui apakah orientasi pasar memiliki pengaruh terhadap kinerja usaha mikro kecil dan menengah pada bidang kuliner di Jakarta Utara. 3) Untuk mengetahui apakah orientasi penjualan memiliki pengaruh terhadap kinerja usaha mikro kecil dan menengah pada bidang kuliner di Jakarta Utara. Populasi dalam penelitian ini adalah wirausaha di Jakarta. Sampel yang digunakan pada penelitian ini yaitu 40 responden wirausaha di Jakarta Utara . Teknik pengambilan sampel yang digunakan yaitu nonprobability sample dengan metode pengambilan sampel purposive sampling. Secara keseluruhan hasil dari penelitian ini yaitu 1) Keterampilan kewirausahaan memiliki pengaruh terhadap kinerja usaha mikro kecil dan menengah pada bidang kuliner di Jakarta Utara, 2) Orientasi pasar memiliki pengaruh terhadap kinerja usaha mikro kecil dan menengah pada bidang kuliner di Jakarta Utara , 3) Orientasi penjualan memiliki pengaruh terhadap kinerja usaha mikro kecil dan menengah pada bidang kuliner di Jakarta Utara.


2020 ◽  
Vol 3 (2) ◽  
pp. 167
Author(s):  
Seftianita Nirmalasari

Small and medium enterprises are the largest economic community in Indonesia and are one of the factors of economic growth after the economic crisis. In addition, small and medium-sized businesses open up quite large job opportunities. Accounting information is one of the important things for the development of small and medium enterprises. Soo this research, the writer wants to analyze more clearly several factors that influence the use of accounting information in small and medium enterprises in the Pudak city Gresik. The population in this study was the owners/managers of small and medium enterprises in Pudak city Gresik. The number of samples studied was 86 respondents. The sampling method was used a random sampling technique. The data analysis used multiple linear regression analysis with the help of the SPSS program. The results of data analysis show that business scale, business age, accounting knowledge, and accounting training are found to have a positive and significant effect on the use of accounting information in small and medium enterprises in the Pudak city Gresik.


2018 ◽  
pp. 1880
Author(s):  
Ni Made Werin Sarastyarini ◽  
I Ketut Yadnyana

The purpose of this study is to determine the effect of e-commerce and effectiveness of the user'swork on the company's performance on small and medium enterprises in Denpasar. The sampletaken is 88 of 766 SMEs using e-commerce in Denpasar. The sample in this research is determinedby probability sampling method with simple random sampling technique. Data collection was donethrough survey obtained by distributing questionnaires to the respondents. Respondents in thisstudy are business actors. Analytical technique used multiple linear regression with SPSS 22.0software. The results showed that the performance of companies in small and medium enterpriseswill increase if the business actors using e-commerce in running and developing business andimprovement on the effectiveness of e-commerce users will be followed also by improving theperformance of companies in small and medium enterprises thatuse e- commerce in Denpasar. Keywords: E-Commerce, User Work Effectiveness, Corporate Performance


2017 ◽  
Vol 2 (2) ◽  
pp. 314-321
Author(s):  
Nuzulul Fikri ◽  
Safrida Safrida ◽  
Romano Romano

Abstrak. Modal adalah salah satu faktor produksi yang berperan penting untuk meningkatkan keuntungan. Pembinaan pembiayaan merupakan program untuk memantau perkembangan usaha mikro kecil dan menengah yang memperoleh modal pinjaman. Penelitian ini bertujuan untuk mengetahui pengaruh modal sendiri, modal pinjaman dan pembinaan pembiayaan terhadap keuntungan usaha mikro kecil dan menengah (UMKM) anggota Koperasi Syariah Baitul Qiradh Baiturrahman Cabang Ulee Kareng. Populasi dalam penelitian ini adalah UMKM anggota Koperasi Syariah Baitul Qiradh Baiturrahman yang menerima modal pinjaman dan pembinaan pembiayaan. Teknik pengambilan sampel dilakukan dengan metode simple random sampling. Besarnya sampel dalam penelitian ini adalah sebanyak 24 sampel. Metode analisis yang digunakan dalam penelitian ini adalah analisis regresi linear berganda. Hasil penelitian menunjukan bahwa modal sendiri dan modal pinjaman berpengaruh nyata terhadap keuntungan UMKM, sebaliknya pembinaan pembiayaan tidak berpengaruh nyata terhadap keuntungan UMKM.The Influence Of Capital Resources And Financing Of Profits Micro, Small And Medium Of Islamic Cooperation Baitul Qiradh Baiturrahman Members Branch Ulee KarengAbstract. Capital is one of the factors of production which is essential to improve profits. Development of financing a program to monitor the development of micro, small and medium enterprises that obtain capital loan. This study aims to determine the influence of their own capital, loan capital and development funding to benefit micro, small and medium enterprises (MSMEs) Islamic Cooperative Baitul Qiradh Baiturrahman members Branch Ulee Kareng.  The population in this study is the MSMEs Islamic Cooperative Baitul Qiradh Baiturrahman members, who received loan capital and financing guidance. The sampling technique is done by simple random sampling method.  The sample size in this study is as much as 24 samples. The analytical method used in this research is multiple linear regression analysis. The results showed that equity and loan capital significantly affect profits of MSMEs, fostering financing otherwise not significantly affect profits of MSMEs.


Author(s):  
Oyediran George Oyebiyi

Small and medium enterprises have emerged as promising opportunities to eliminate and reduce unemployment globally. Increasing levels of technological advancement has revolutionized the dynamics of the business terrain. However, SMEs in developing countries are yet to fully explore the benefits of Information and Communications Technology. Survey data was collected from 75 SME ICT users and non-users in Abeokuta and Otta through a structured questionnaire using stratified random sampling technique. Results of regression analysis revealed that demographic variable (Staff Strength) significantly influences use of ICT among SMEs while SME service delivery had no influence on ICT use. Also, analysis of variance on the categories of SMEs was not a determinant factor on the use of ICT. The outcome of this study has implications for owners/ managers of SMEs, stakeholders, government and academic researchers in developing countries as it can provide patterns to help bridge the existing digital divide especially among Nigerian SMEs.


2021 ◽  
Vol 10 (1) ◽  
pp. 78
Author(s):  
Sri Hastuti

<p><em>This research purpose to know the application of Cost Reduction Strategies on Micro Small and Medium Enterprises (MSME).</em> <em>Cost reduction strategies have the meaning of "change" even though it is better known as "cost reduction" but any company that dares to implement cost reduction means that it is ready to change.  The problem in the application of Cost Reduction Strategies is the difficulty in making a priority scale to determine cost items that can be streamlined and not optimal in carrying out the cost reduction stage. The focus of this study is more on the application of business process change strategies and also the efficiency of human resources. This research uses a qualitative description method. The technique of collecting data was done by interviewing and surveying a number of respondents using a sampling technique. The survey results showed 67% applied the concept of efficiency in business processes and 25% implemented a human resource efficiency strategy (streamlining), 8% of respondents stated that they did not implement an efficiency strategy during a pandemic because their income has actually increased. From the survey results, it shows that the main focus of MSME entrepreneurs when there is a decline in turnover is to make improvements to the production process firsts, streamlining is the final choice.</em></p><p><strong>Key words:</strong> <em>Cost Reduction Strategies, UMKM Bogor, Covid-19</em></p>


2020 ◽  
Author(s):  
AISDL

Resilience is a vibrant process of adaptation which enables entrepreneurs to constantly direct a futuristic aspiration despite the volatile conditions of a market. The study examined entrepreneurial resilience on the performance of small and medium enterprises organization in Asaba, Delta State. The cross-sectional research survey research design method was employed. The study adopted the stratified random sampling technique. The sample size used was limited to 201 respondents. A structured questionnaire was the research instrument employed in the study. Descriptive statistics as well as multiple regression analysis was used to analyse the data collected. Findings showed overwhelmingly that resourcefulness, strategic diversity and pro-activeness has a substantial positive relationship with organizational performance. The study concluded that entrepreneurial resilience has a positive effect on organizational performance. The study result showed that resourcefulness has the highest affirmative effect on organizational performance. Thus, the study recommended that if enterprises understand the nature of the association amid the dimensions of entrepreneurial resilience, the failure rate of small and medium enterprises can be reduced.


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