scholarly journals Technology of decision-making management by small enterprises to choose strategic alternatives

2020 ◽  
pp. 146-159
Author(s):  
Igor Sokurenko
Keyword(s):  
Decision Making ◽  
Strategic Management ◽  
Alternative Solution ◽  
Small Enterprise ◽  
Small Enterprises ◽  
Business Partner ◽  
Enterprise Growth ◽  
Business Partners ◽  
Potential Partner ◽  
Assessment Scales

The article considers the theoretical provisions and gives practical recommendations for strategic management decisions. The task of the research is to formalize the procedure for selecting a strategic alternative and determine a set of tools that correspond to the specifics of small business activity. The specific features of small enterprises, which are obstacles to the use of standard technologies of strategic management, are determined. The importance of choosing a strategic alternative according to the assessment of a potential partner at the stage of small enterprise growth has been proven. An expediency of formalizing decision-making to identify a potential partner using matrix methods is substantiated. To construct a matrix of potential business partners, assessment vectors were selected, the characteristics of each vector were established, and assessment scales were formed. Procedure for the formation of assessing scale the qualitative characteristics of business partners’ matrix with using the Klee method is proposed. A model of a potential business partner’s matrix is developed and description of its four fields is provided. The fields of matrix are highlighted on the basis of the development prospects of business partner and its reliability. The formalization of the strategic alternative solution for the choice of the business partner is proposed as a procedure of four consecutive stages. Formalization of the strategic alternative solution allows a small enterprise to choose a reliability business partner.

“Modes of mediation” for conceptualizing how different roles for accountants are made present

2015 ◽  
Vol 12 (3) ◽  
pp. 202-229 ◽  
Author(s):  
Heba El-Sayed ◽  
Mayada Abd El-Aziz Youssef
Keyword(s):  
Decision Making ◽  
Design Methodology ◽  
Participant Observation ◽  
Business Partner ◽  
Business Decision ◽  
Operations Planning ◽  
Role Change ◽  
Content Type ◽  
Business Partners ◽  
Manufacturing Company

Purpose – This paper aims to, using the concept of “modes of mediation”, examine how different roles for accountants are “made present” in an Egyptian manufacturing company. The paper introduces the notion of “modes of mediation” as a different perspective for the opposing popular archetypes of accountants: “bean-counter” versus “business partner”. Modes of mediation emphasise the materiality of artefacts, entities and technologies, as well as organisational space and spatial settings. Design/methodology/approach – The paper draws on a field study in an Egyptian manufacturing company where accountants are engaged as business partners and involved in operations planning and decision-making. The data were collected over a period of four years through participant observation, interviews and ethnographic techniques. Findings – The paper reveals the relational nature of accountants’ calculative agency and shows how roles of accountants are intimately associated with a web of technologies and artefacts, as well as spatial working arrangements that represent particular “modes of mediation”. Research limitations/implications – The concept of “modes of mediation”, which is still under-explored in the role change literature, is useful in studying the roles of accountants. It enriches our understanding of the wider involvement of accountants in business decision-making that goes beyond the major drivers of role change and deliberate interventions discussed in the existing literature. Originality/value – The paper contributes to the literature on role change by drawing attention to the way in which different modes of mediation, involving certain material and spatial arrangements, enact different forms of calculative agency. Minor alteration to these arrangements can result in a wider involvement of accountants in business decision-making.

scholarly journals Strategic Management and Decision Making of Small and Medium-Sized Enterprises in the Czech Republic

2020 ◽  
Vol 73 ◽  
pp. 02005
Author(s):  
Jarmila Straková ◽  
Milan Talíř
Keyword(s):  
Decision Making ◽  
Strategic Management ◽  
Success Factors ◽  
Corporate Strategy ◽  
Management Practice ◽  
Economic Recession ◽  
Mission Statements ◽  
Test Sample ◽  
Small Enterprises

The topic of strategic management and decision making was underestimated by SMEs for a long term. Managers believed that experience, intuition and operability are the key success factors of their management work. These opinions have recently been abandoned in the management practice. This paper is focused on the analysis of strategic management and decision making and presents the outputs from research based on a test sample of 381 enterprises, of which 114 microenterprises, 141 small enterprises and 126 medium-sized enterprises. The company size categorization within this sample is corresponding to the SME structure in the South Bohemian Region. Lack of awareness of procedures for development of essential strategic documents such as vision, mission statements and a corporate strategy was observed. More than 60 % SMEs do not have such documents. are Similar results were obtained with respect to the development of a corporate strategy using the methods of a strategic situation analysis. This finding is alarming and its adverse impact can primarily be expected in a period of economic recession or downturn.

scholarly journals Development of Business Partner Selection

Ekonomika ◽  
2006 ◽  
Vol 73 ◽  
Author(s):  
Juozas Bivainis
Keyword(s):  
Decision Making ◽  
Partner Selection ◽  
Integrative Approach ◽  
Similarity Function ◽  
Test Results ◽  
Business Partner ◽  
Business Partners ◽  
Proposed Model ◽  
Contract Implementation

The paper presents an integrative approach to business partner selection. aimed at increasing the economic validity of decision-making. The proposed model consists of the following six interrelated components: searching for partners, preliminary selection, complex assessment, negotiating with potential partners, signing of contracts, monitoring of contract implementation. Links among the components and solution of all the above tasks using the model are supported by an integrated database of partnership objects and potential as well as actual business partners. In this context assessment of business partners is considered as a multicriteria task of ranking alternatives. The similarity function of partnership objects as well as a three-level-criteria system are adapted for solving this task. A case study is conducted to illustrate the feasibility of the proposed model, and the test results confirm its suitability.

scholarly journals DIMENSIONS OF STRATEGIC MANAGEMENT IN THE CONTEXT OF MICRO AND SMALL-SIZED ENTERPRISES

2021 ◽  
Vol 17 (3) ◽  
Author(s):  
Vaniele Coelho de Souza Mendes ◽  
Daniela Freitas de Oliveira ◽  
Andréia Maria Kremer ◽  
Rafael Todescato Cavalheiro
Keyword(s):  
Decision Making ◽  
Organizational Behavior ◽  
Strategic Management ◽  
Information Sources ◽  
Personal Characteristics ◽  
Small Enterprises ◽  
Strategy Formulation ◽  
Exact Test ◽  
Micro And Small Enterprises ◽  
Social Importance

Given the economic and social importance of Micro and Small Enterprises (MSEs) and the management challenges faced by these companies, this study sought to diagnose the Strategic Management (SM) of MSEs, focusing on the dimensions of information sources, organizational behavior, competence formation, strategy formulation and inter-functionality. Data were collected through a questionnaire and analyzed using cluster analysis. In addition, Fisher's exact test was performed to verify whether the adoption of SM is associated with the profile of the manager and the company. The results reveal that MSEs have difficulties in accessing information, in encouraging team participation and centralizing decision-making. Although the personal characteristics of the manager are not associated with strategic practices, it is assumed that training in the area could contribute to the adoption of SM in the context of MSEs.

Digital Transformation of Small Enterprise Activities in the Context of Economic Security

2021 ◽  
Vol 27 (8) ◽  
pp. 654-666
Author(s):  
E. G. Pashkovskaya
Keyword(s):  
Synergetic Effect ◽  
Internet Marketing ◽  
Economic Security ◽  
Digital Transformation ◽  
Small Enterprise ◽  
Small Enterprises ◽  
Scientific Methods ◽  
Digital Ecosystem ◽  
Special Scientific ◽  
Mechanisms Of Adaptation

Aim. The presented study aims to develop recommendations for improving the existing mechanisms of adaptation of small enterprises to the uncertain conditions of the external environment associated with digitalization processes in the economy.Tasks. The author analyzes the existing mechanisms of adaptation of small enterprises to the conditions of uncertainty; substantiates the connection between the digitalization of business processes and the economic security of enterprises; proposes an original approach to the content of the mechanism of adaptation of small enterprises to the processes of digitalization.Methods. The author uses general and special scientific methods and techniques. General scientific methods include analysis and synthesis, comparison and generalization, modeling, literature review, observation, and expert assessment. Special scientific methods include factor analysis and process analysis.Results. The author substantiates the introduction of digital tools provided by Industry 4.0 and step-by-step digitalization of small enterprises in the form of original diagrams demonstrating the content of the mechanism of adaptation of enterprises to the processes of digitalization, individual elements of this mechanism (Internet marketing and its technologies), and prospects for the development of the mechanism in the form of a diagram of its integration into a large digital ecosystem (region, cluster, etc.). The most significant elements of the proposed adaptation mechanism are the mechanism of digitalization and the mechanism of economic security of small enterprises as well as their relationship and balance of interests. The study examines practical approaches to the step-by-step digitalization of small enterprise activities by assessing the efficiency of introducing certain Internet marketing tools in the activities of a small enterprise that does not directly operate in online mode (a chain of driving schools). A relevant investment project is assessed, showing the efficiency of all proposed scenarios. The author also considers the prospects of integrating small enterprises into a single digital ecosystem of a larger structure or entity (region, cluster, etc.) for a large-scale socio-economic synergetic effect that would serve as a mutual benefit for all participants of the system.Conclusions. In spite of the lack of a clear model for the digitalization of the economy in Russia and many obstacles to the successful digital transformation of small enterprises, practical digitalization mechanisms are already being developed, offering a set of step-by-step actions for small enterprises with allowance for their limited resources and prospects for development in each market. One of the success factors of digitalization is the correlation and balance between digitalization mechanisms and the economic security of enterprises. By adopting international approaches to Internet marketing technologies, a modern small enterprise gains a significant strategic advantage in the long term.

scholarly journals TO ASSESS THE POSITION OF SMALL MANUFACTURING ENTERPRISES IN ECONOMIC DEVELOPMENT IN ETHOPIA

2019 ◽  
Vol 7 (8) ◽  
pp. 478-488
Author(s):  
Shefali Gupta
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Informal Economy ◽  
Poverty Alleviation ◽  
Small Enterprise ◽  
Tax Revenue ◽  
Small Enterprises ◽  
Corporate Sector ◽  
Manufacturing Enterprises ◽  
Micro And Small Enterprises

Development of micro and small enterprises holds the attraction of being the most important component of broader economic development and poverty alleviation. They are seen as a key and sustainable generator of employment and income for citizens and tax revenue for the state. They also serve as a bridge between informal economy and the formalized corporate sector in developing countries. Likewise, if they are able to meet the required export quality and standards, for some countries they are a source of foreign exchange earnings. It is also believed that a variant micro and small enterprise sector helps to encourage competition since they are favorable to bring about economic growth.

scholarly journals The Strategy of Trade In The Halal Food Industry In Jember

2021 ◽  
Vol 10 (1) ◽  
pp. 35
Author(s):  
Misbahul Munir ◽  
Muhammad Masyhuri
Keyword(s):  
Food Industry ◽  
Market Competition ◽  
Global Market ◽  
Business Partner ◽  
Business Partners ◽  
Halal Food ◽  
Muslim Majority ◽  
Product Industry

The halal product industry continues to grow and has a big influence on the global market. In fact, Indonesia is determined to make the country's halal product industry more competitive in the world halal market. To anticipate this global market competition, Indonesia as a Muslim majority country must be able to take the advantage of this enormous opportunity. The role of the network in developing halal products to the global market was when marketing its products. PT. Mitratani could not be separated from relationships with business partners. Each business partner had a role to play. Also, PT. Mitratani could not separate the use of information technology and media as a means to expand marketing to the global market. To create an edge in competition, PT. Mitratani focused on customer and consumer needs. The most important thing was to build trust in business partners. PT. Mitratani's advantage was in the cultivation of edamame. It was from planting to the use of pesticides and fertilizers, until PT Mitratani farmers did their own crops and carried out quality control on each land. This was done to maintain the quality of edamame. PT. Mitratani also improved the quality of its products by implementing HACCP, SOP and GMP in processing and production. In addition to maintaining the quality of PT, Mitratani had established good relationships with company stakeholders so that loyalty and trusted in the product and the company could continue.

scholarly journals Challenges and Opportunities of Micro and Small Enterprises Strategy in Ethiopia Urban development, the case of Ambo Town, Oromia, Ethiopia#

2018 ◽  
Vol 9 (2) ◽  
pp. 55
Author(s):  
Yared Teshome Geneti
Keyword(s):  
Social Development ◽  
Good Governance ◽  
Local Governance ◽  
National Development ◽  
Small Enterprise ◽  
Primary Data ◽  
Small Enterprises ◽  
Market Place ◽  
Challenges And Opportunities ◽  
Micro And Small Enterprises

In Ethiopia, Micro and Small Enterprise (MSE) is prioritised as important means of economic diversification, job creation, income generation and equity distribution as indispensable poverty reduction sector since 2006. Despite the great attention given to micro and small enterprises, little research exists that examines challenges and opportunities of the Sector in the implementation trajectory. With the new initiative of National Development Programme to Accelerate Sustainable Development to Eradicate Poverty (PASDEP) in 2006-2010, the government has been commencing a new Micro and Small Enterprises Development Strategy. However, the blue prints strategy would be able to prove in the process to achieve the goals and target through timely evaluation of its implementations. It has been long time and common to listen and observe complains of MSEs on the overall sectoral performance and strategic incompatibility both among the unemployed societies and existing MSEs. Based on this rationale, the study was intended to assess the challenges and opportunities of the existing MSE strategy in Ambo town. In this descriptive research primary data were collected from 135 MSEs in Ambo using stratified and purposive sampling design.<br />MSEs in Ambo town are facing different challenges. These challenges are identified as marketing, financial, good governance, i.e., lack of market place; inadequacy credit facilities and inefficient service delivery. The study shows that the long and delayed procedure to establish MSEs is the most common challenges observed in both the old (2006) and new (2011) strategies. These are mainly as a result of inefficient human resource capacities of the sector and cumbersome procedures of credit and saving institution in the town. Moreover, a little understanding of unemployed society on the strategy is the main gap creating misunderstandings. Findings indicated that, the above challenges are a bottle-neck to the goal set by the strategy to create jobs for unemployment and being urban base of local economic and social development. In prospect wise, the study asserted that, the 2011 strategy has been improving MSEs to have a clear definition, typical set ups and structure arrangements as enterprise. Therefore, the strategy has identified as the means to change the societal structure by creating broad local economic and social development to the extent of medium investors. Finally, promoting awareness to active unemployed citizens by giving continues capacity building for both office staff and members of enterprises, local governance reforms and the rechecking of MSE establishment procedures are important in alleviating the problems at implementation stage.

scholarly journals THE IMPACT AND THE ROLE OF THE SMALL AND MEDIUM ENTERPRISES ON THE EMPLOYMENT IN THE REPUBLIC OF MACEDONIA

2018 ◽  
Vol 28 (1) ◽  
pp. 105-110
Author(s):  
Snezana Bardarova ◽  
Marija Magdincheva-Shopova ◽  
Monika Markovska ◽  
Bozhidar Milenkovski
Keyword(s):  
Economic Growth ◽  
Small And Medium Enterprises ◽  
High Rate ◽  
Small Enterprise ◽  
Small Enterprises ◽  
Republic Of Macedonia ◽  
Area Of Interest ◽  
The Republic ◽  
Medium Enterprises ◽  
The Impact

Current developments in the global and national economics point to a number of problems faced by real entities in the real sector, and as a special area of interest for the scientific public there is a need to provide conditions for the smooth running of the reproduction processes in the enterprise and the realization the positive results of the operation. Enterprises are drivers of inclusive economic growth in the Republic of Macedonia and in creating productive and sustainable jobs.The new conception of the small enterprise as a carrier and engine of economic development is quite persuasive with its economic logic and reaffirms the small enterprise as a significant economic sector. The activities within the small enterprises are aimed at intensifying the results of the work by achieving a balance between objective possibilities and good working principles. The monitoring of the small enterprise, through the prism of its influence on economic growth and development, rejects the traditional view for small enterprises as security guards.The SME sector is a driver of inclusive economic growth in Macedonia and the creation of sustainable jobs increasing productivity. It also does not agree with the notion that small enterprises are economically inefficient organisms.With the third technological revolution in the countries with a developed market economy, the domination of the so-called. small economy, that is, the sector of small and medium enterprises. Today, small enterprises have a growing number of supporters who believe that small enterprises are carriers of innovation and entrepreneurship and are able to react quickly to changes in the environment. For years, the Republic of Macedonia has faced a high rate (29%, June 2013) of general unemployment, which remains a key challenge for stabilizing the economic and social development of the country. The subject of research in this paper is focused on conducting analysis of the active enterprises in the Republic of Macedonia by size, by sector and by number of employees, as well as analysis of the activity of the population and employment by sectors and by type of ownership of the enterprise in the period from 2013-2017.

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