scholarly journals The Impact of Purchasing Group on the Profitability of Companies Operating in the Renewable Energy Sector—The Case of Poland

Energies ◽  
2020 ◽  
Vol 13 (24) ◽  
pp. 6588
Author(s):  
Grzegorz Zimon ◽  
Dominik Zimon
Keyword(s):  
Renewable Energy ◽  
Small And Medium Enterprises ◽  
Energy Sector ◽  
Financial Situation ◽  
Financial Liquidity ◽  
Medium Enterprises ◽  
Purchasing Group ◽  
The Impact ◽  
Research Period ◽  
Positive Effect

Purchasing groups are multi-entity organisations that operate in practically every sector. Their greatest role is to improve the financial situation of small and medium enterprises (SMEs). In the case of enterprises operating in the sectors that are just developing, especially those belonging to SMEs, it is particularly difficult to obtain favourable financial results. In Poland, such sectors include, among others, renewable energy, which is slowly developing, but has not yet reached the size set in climate policy. The purpose of the paper is to present how functioning under group purchasing organisations (GPOs) affects the profitability of companies related to the renewable energy sector. For the example of the largest industry purchasing groups, the analysis showed that high profitability results were achieved by enterprises operating in them compared to entities operating independently in the market. In total, 71 enterprises operating in the sector related to the renewable energy sector in Poland were analysed. The enterprises were divided into units operating in the purchasing groups of 46 enterprises, and those that operate independently in the market of 25 enterprises. The research period covered the years 2016–2019. The analysis showed that the scale effect allowed companies to increase profits and had a positive effect on their financial liquidity. The research proved that in the case of commercial enterprises operating in the sector related to renewable energy, functioning within the industry purchasing group allowed high profitability and financial liquidity. There is a dependency that the liquidity increases with a growth in profitability.

scholarly journals The Impact of Innovation on Employment in Small and Medium Enterprises with Different Growth Rates

2009 ◽  
Vol 229 (2-3) ◽  
Author(s):  
Volker Zimmermann
Keyword(s):  
Employment Growth ◽  
Small And Medium Enterprises ◽  
Process Innovations ◽  
Product Innovations ◽  
Product And Process ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect ◽  
Negative Growth

SummaryThis article examines the impact of innovation on employment growth in innovating small and medium enterprises. In contrast to existing studies, which typically use the least squares estimation technique, quantile regressions were carried out to analyse the data. This method allows one to examine the effects of innovation at any desired point on the distribution function - for example, in firms experiencing positive or negative growth - providing a more complete picture of the relationship between innovation and employment growth than the standard method of viewing deviations in the average effect. The key finding of the study is that innovation has a positive effect on employment in both growing and shrinking small and medium enterprises. In addition, innovation has a much stronger impact on employee headcounts in companies that are already experiencing strong growth than in their slower growing or shrinking counterparts. When differentiating between product and process innovations, the analysis shows that the introduction of new or improved processes has a larger impact on employment than product innovations. Thus, positive employment effects of innovations are not restricted to narrow segments of the economy. Economic policy aimed at bolstering the innovative strength of firms is thus a strong encouragement to employment on a broad basis.

Knowledge Assets Management in the Energy Industry

2017 ◽  
pp. 226-244
Author(s):  
Antonio Lerro ◽  
Giovanni Schiuma ◽  
Francesca A. Jacobone
Keyword(s):  
Renewable Energy ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Energy Sector ◽  
The Other ◽  
Energy Industry ◽  
Knowledge Assets ◽  
Medium Enterprises ◽  
Renewable Energy Industry ◽  
Assets Management

The purpose of this chapter is to examine the state-of-the-art of Knowledge Assets Management (KAM) in the energy industry, reviewing both the literature and the practice of KAM initiatives. Particular attention is provided to the renewable energy sector and to the Small and Medium Enterprises (SMEs). It emerges that most of the literature is focused on big companies and little attention is paid to the renewable energy sector. It emerges that some organizations, especially in the oil industry, are seen as leaders in KM practice. On the other hand, SMEs operating in the renewable energy industry are not aware of the relevance of KAM and then do not address explicitly KAM initiatives or projects. The research reveals that small firms do indeed manage knowledge assets informally as part of their normal activities, without using the terminology and concepts of knowledge management discipline.

scholarly journals Development Strategy for Micro, Small and Medium Enterprises through Islamic Financial Inclusion

2020 ◽  
Vol 9 (1) ◽  
pp. 55
Author(s):  
Warno Warno ◽  
Novatul Isrowiyah ◽  
Rahman El Junusi
Keyword(s):  
Development Strategy ◽  
Sampling Method ◽  
Small And Medium Enterprises ◽  
Financial Inclusion ◽  
Three Dimensions ◽  
Significant Positive Effect ◽  
Medium Enterprises ◽  
The Impact ◽  
Positive Effect ◽  
Observation Period

This study calculates and analyzes the Islamic financial inclusion index which covers three dimensions; accessibility, availability, and usage of sharia banking. The results showed that the level of Islamic financial inclusion in Indonesia was classified as low during the study period and DKI Jakarta Province was the most inclusive province in Indonesia. Furthermore, this study analyzes the effect of the Islamic financial inclusion index on Islamic financing channeled to Micro, Small and Medium Enterprises (MSMEs) in Indonesia. Using the saturated sampling method, a total of 33 provinces in Indonesia were selected as samples with an observation period. The results show that the Islamic Financial Inclusion Index (IIK) has a significant positive effect on sharia financing channeled to the MSME sector, one of the regions that appears to be growing faster than other regions is Aceh. This research is different from previous financial sector inclusiveness studies that still see and study conventional (non-sharia) financial inclusion and find out the impact of sharia financial inclusion based on sharia financial inclusion indexes on sharia financing distributed to Micro, Small and Medium Enterprises in Indonesia and discuss comprehensively for MSME.

scholarly journals Companies performance management: the role of operational flexibility

2021 ◽  
pp. 30-37
Author(s):  
Allam Yousuf ◽  
Vahid Zeynvand Lorestani ◽  
Janos Felföldi ◽  
Tetiana Zatonatska ◽  
Serhii Kozlovskyi ◽  
...  
Keyword(s):  
Small And Medium Enterprises ◽  
Environmental Uncertainty ◽  
Pharmaceutical Companies ◽  
Operational Flexibility ◽  
Pharmaceutical Sector ◽  
Study Results ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

The article summarizes the arguments on minimizing the uncertainty level caused by numerous unforeseen circumstances due to using operational flexibility to increase companies' efficiency (example of small and medium enterprises in the pharmaceutical sector of Iran). The research aims at investigating the relationship between operational flexibility and a company's performance to examine the impact of environmental uncertainty on these relationships. This study was conducted as quantitative. The deductive method using the synergy of systematization of scientific background on the problem and the empirical proof of the formulated hypotheses became a methodological study tool. The article provides evidence of the economic-mathematical model based on data from small and medium-sized pharmaceutical Iranian companies. The study hypotheses are as follows: 1) operational flexibility has a positive effect on the productivity of the pharmaceutical sector of Iran, represented by small and medium-sized companies; 2) uncertainty determines the relationship between the operational flexibility and efficiency of small and medium-sized pharmaceutical companies in Iran. The model constructed by the authors allowed measuring the relationship between variables using regression analysis and moderation analysis (Hayes model). The total number of companies included in the sample is 113. In turn, 228 managers of these pharmaceutical companies took part in the surveys (Iran example). The empirical analysis results showed that the mix flexibility indicator has practically no effect on companies' efficiency, and the volume flexibility and product development flexibility indicators generally have a positive effect on the performance of companies in the pharmaceutical sector. On the other hand, the environmental uncertainty indicator does not help reduce the relationship between the operational flexibility indicator and companies' performance in the pharmaceutical sector of Iran's economy. The study results could be useful for planning small and medium enterprises' activities in the context of improving their performance.

Knowledge Assets Management in the Energy Industry

2015 ◽  
pp. 38-55
Author(s):  
Antonio Lerro ◽  
Giovanni Schiuma ◽  
Francesca A. Jacobone
Keyword(s):  
Renewable Energy ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Energy Sector ◽  
The Other ◽  
Energy Industry ◽  
Knowledge Assets ◽  
Medium Enterprises ◽  
Renewable Energy Industry ◽  
Assets Management

The purpose of this chapter is to examine the state-of-the-art of Knowledge Assets Management (KAM) in the energy industry, reviewing both the literature and the practice of KAM initiatives. Particular attention is provided to the renewable energy sector and to the Small and Medium Enterprises (SMEs). It emerges that most of the literature is focused on big companies and little attention is paid to the renewable energy sector. It emerges that some organizations, especially in the oil industry, are seen as leaders in KM practice. On the other hand, SMEs operating in the renewable energy industry are not aware of the relevance of KAM and then do not address explicitly KAM initiatives or projects. The research reveals that small firms do indeed manage knowledge assets informally as part of their normal activities, without using the terminology and concepts of knowledge management discipline.

scholarly journals The Impact of Competitive Strategy and Intellectual Capital on SMEs Performance

2020 ◽  
Vol 24 (3) ◽  
pp. 427
Author(s):  
Istianingsih, Robertus Suraji
Keyword(s):  
Intellectual Capital ◽  
Competitive Strategy ◽  
Structural Equation ◽  
Structural Equation Models ◽  
Small And Medium Enterprises ◽  
Competitive Strategies ◽  
The Right ◽  
Medium Enterprises ◽  
The Impact ◽  
Positive Effect

This study aims to examine the impact of competitive strategies and intellectual capital on the performance of Small and Medium Enterprises (SMEs). The research sample is the owners of SMEs in the Banten region. The number of final samples obtained that can be included in the test is as many as 181 respondents of SME owners or 60.33% of the total intended respondents. The data analysis technique used is regression with structural equation models. The results showed that the Competitive Strategy proved to have a positive effect on the success of SMEs. The choice of the right competitive strategy can improve SME performance. Intellectual Capital Management is also proven to have a positive effect on the success of SMEs. The greater the Intellectual Capital, the more it will encourage SMEs to perform better. The implication of the results of this study is that in order to improve the competitiveness and success of SMEs, it is necessary to choose the right competitive strategy and manage their intellectual capital well.

scholarly journals The Impact of Leadership on Organizational Learning via CSR and Organizational Innovativeness in Lebanese SMEs

2019 ◽  
pp. 1090-1095
Author(s):  
Suzanne Charbaji ◽  
Walid J. Dagher
Keyword(s):  
Organizational Learning ◽  
Small And Medium Enterprises ◽  
Firm Level ◽  
Line Managers ◽  
Organizational Innovativeness ◽  
Innovative Environment ◽  
Perceived Effects ◽  
Medium Enterprises ◽  
The Impact ◽  
Positive Effect

Purpose-This paper investigates the firm-level benefits, especially for Lebanese small and medium enterprises (SMEs), of offering employees actions that are consistent with their sound values in addition to intellectual simulation within an innovative environment. It also evaluates variations in perceived effects of implementing service and transformational leadership on organizational learning, and examines the effect of causal factors such as perceived organizational innovativeness and CSR. Design/methodology/approach -A large convenient sample of 284 front-line managers was surveyed, using a 15-item instrument based on previous research. The researchers used factor analysis to ascertain construct validity, based on two suitability tests: the Kaisers-Meyer-Olkin (KMO) measure of sampling adequacy and the Bartless test of sphericity. The dimensions were found to be reliable, with Cronbach’s alpha ranging between 0.70 and 0.95. Findings- Findings from path analysis support the research hypotheses that impact of the direct and positive effect of leadership on organizational learning is strengthened via the mediating variables: CSR and innovativeness.Originality-This article empirically correlates two main fields of management research within the context of a developing country: leadership and organizational learning with focus on changing behavior.

Structural Modeling of Institute of Entrepreneurship in Russia

2019 ◽  
pp. 34-48
Author(s):  
Svetlana L. Sazanova
Keyword(s):  
Global Economy ◽  
Structural Model ◽  
Institutional Environment ◽  
Small And Medium Enterprises ◽  
Structural Modeling ◽  
Entrepreneurial Activity ◽  
Pattern Modeling ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship

Entrepreneurship plays an important role in the modern global economy; the share of products of small and medium enterprises in the gross product and exports not only of the developed but also of developing countries is growing. Innovation processes cover all sectors of the economy, and more and more people are involved in entrepreneurial activity, which contributes to the penetration of entrepreneurial thinking and business values in all areas of the socioeconomic life of society. The Institute of Entrepreneurship plays an increasingly prominent role in the institutional environment of socio-economic systems. This actualizes the problem of studying the relationship of the institution of entrepreneurship with the institutions of law, culture, management. This requires a methodology that allows you to explore the impact on the institute of entrepreneurship not only economic, but also non-economic factors. The methodology of the “old” institutionalism possesses such a tool, it is structural modeling (pattern modeling), which allows to explore the diversity of interrelationships of the institution of entrepreneurship with other components of the institutional and economic environment. The article explored the features of the development of the institution of entrepreneurship in Russia, established the relationship between the institution of entrepreneurship, values, motives and incentives for entrepreneurial activity, built a structural model of the institution of entrepreneurship based on the methodology of the old institutionalism (pattern modeling). The structural model of the institution of entrepreneurship reveals the relationship between the institution of entrepreneurship, the values of entrepreneurial activity, its motives and incentives; as well as the relationship between the institution of entrepreneurship with the institutions of governance, cultural and religious institutions, legal institutions and society.

AFRICA’S RENAISSANCE AND POTENTIAL IN THE LEATHER SECTOR WITH REFLECTION TO THE GLOBAL PERFORMANCE

2015 ◽  
Vol 2 (1) ◽  
pp. 1-17 ◽  
Author(s):  
Mwinyihija M.
Keyword(s):  
Value Chain ◽  
Small And Medium Enterprises ◽  
Middle Level ◽  
Individual Member ◽  
Socioeconomic Indicators ◽  
Value Add ◽  
Medium Enterprises ◽  
The Impact ◽  
Productivity And Competitiveness ◽  
Critical Aspects

Africa’s renaissance is inevitable and rapidly emerging as a reality in tandem with the continent’s continued exploration of its natural resources in a more sustained way than previously done. Currently, the clarion call is to value add, avoid plundering and involve its population through the SME’s to adapt modern methods of entrepreneurship. During the study, critical aspects that are envisaged to trigger the growth and development of Africa, included the entry of major countries of the continent into the global emerging markets such as MINT (Mexico, Indonesia, Nigeria and Turkey) and BRICS (Brazil, Russia, India, China and South Africa). For the leather sector, certain socioeconomic indicators such as the youthful participation in the value chain, ownership status, literacy levels and acquired experiences are all contributing to a vibrant sector. It was observed that these indicators if well aligned with individual member states of African Union Commission and structured than productivity and competitiveness of leather products will be attained. As such, ease of either foreign direct investment, local recapitalization and development of the SME’s could become feasible. Indeed, with the emergence of over 300 million youth at middle level income level is construed to start building on the impact of the continents purchasing power. Therefore, Africa needs to respond by address on development of ICT, develop affordable financial support to provide stimulus packages to SME’s (Small and Medium Enterprises) to transform, improve on inter and intra trade to optimize on unexplored synergies and enhance mobility of persons with in Africa as preamble to Africa’s renaissance.

THE ACCESS TO GOVERNMENT FINANCIAL SUPPORT THROUGH LEGAL CHANNELS OF SMALL AND MEDIUM ENTERPRISES IN FOUR ASIA PACIFIC COUNTRIES

2020 ◽  
Vol 9 (2) ◽  
pp. 298
Author(s):  
Muhamad Marwan
Keyword(s):  
Financial Support ◽  
Small And Medium Enterprises ◽  
Mediation Effect ◽  
Asia Pacific ◽  
Survey Questionnaire ◽  
Access To Finance ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship

The aim of this study is to determine the impact of networking on SME’s ability to access government financial support through legal channels in Asia Pacific. This study is quantitative in nature in which the data has been gathered from 281 employees and managers working in SMEs through survey questionnaire. The SEM technique was utilised for the purpose of analysing and testing the mediation effect. The study found that there is a partial mediation of government financial support through legal channels among the relationship between networking with officers and access to finance. This study is restricted to the SMEs operating in the region of Asia Pacific.

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