scholarly journals Sustainable Financing for the Entrepreneurship Continual Growth: A Gap Analysis on Small and Medium Enterprises in India

2021 ◽  
Vol 4 (2) ◽  
pp. 105-119
Author(s):  
Maharaja Alagpuria
Keyword(s):  
Gap Analysis ◽  
Carbon Tax ◽  
Small And Medium Enterprises ◽  
Sustainable Consumption ◽  
Clear Understanding ◽  
Green Finance ◽  
Climate Action ◽  
Development Goals ◽  
Medium Enterprises ◽  
Sustainable Financing

Considering the existing funding conditionalities in India, the small and medium enterprises have to face stringent norms as sustainable financing requirements based on Environment, Society and Governance (ESG) disclosures are becoming mandatory for every organization worldwide. The onus still turns to be more intense than ever for the small and medium enterprises (SMEs). The main purpose of this paper is to warn SMEs of the upcoming sustainable financing conditionalities and develop a clear understanding among the SMEs on why they should adapt sustainable financing norms and be resilient towards sustainable financing and ESG disclosures.  This paper also tends to inspire SMEs for entrepreneurial growth by striking a balance between their financial requirements and mandatory obligations to benefit themselves, society and the Indian economy. Moreover, this paper focuses on the conceptual stipulation and early adaption of sustainable finance framework by the SMEs and strives to fathom the gap between the sustainable financing realities and the expected level of SMEs’ exposure  to sustainable financing and mandatory ESG disclosures. The research methodology identifies seven such areas interconnecting the sustainable financing and UN sustainable development goals (SDGs); Environment (Climate action & Carbon tax), Society (Sustainable Consumption & Externalities), Business (Sustainable Production) and Governance (Green finance, & ESG disclosures) and investigates to find the gap between the perception and expectation of SMEs about the mandatory requirements for sustainable financing and sustainability adaption in India.

scholarly journals Small business and its place in promoting sustainable development

2021 ◽  
Vol 250 ◽  
pp. 06007
Author(s):  
Elena Korneeva ◽  
Natalia Skornichenko ◽  
Tatiana Oruch
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Small Business ◽  
Social Life ◽  
Small And Medium Enterprises ◽  
Global Climate ◽  
Global Changes ◽  
The Sustainable Development ◽  
Development Goals ◽  
Medium Enterprises

Sustainable development is becoming a very important issue in the 21st century. Facing global changes such as the global warming, global climate change, as well as other pressing issue, all spheres of economy and social life need to take part in mitigating them and preventing disasters from happening. Our article studies the role of the small business in the above processes and the place of the small business in promoting sustainable development through its actions, public and social awareness and responsibility. We show how even small and medium enterprises can become a decisive power in tackling the climate change and promoting green thinking and sustainable awareness. This can be achieved through enhancing social responsibility of business companies which can greatly contribute to supporting the Sustainable Development Goals (SDG) and promoting sustainable economic growth.

Measuring Information Technology Capability of Small and Medium Enterprises in Rajasthan

2015 ◽  
Vol 9 (1and2) ◽  
Author(s):  
Dr. Ankur Roy ◽  
Dr. Vishal Vyas ◽  
Ms. Priyanka Jain
Keyword(s):  
Information Technology ◽  
Human Resource ◽  
Business Strategy ◽  
Small And Medium Enterprises ◽  
Clear Understanding ◽  
Four Dimensions ◽  
It Architecture ◽  
Technology Capability ◽  
Medium Enterprises ◽  
Information Technology Capability

Use of Information Technology (IT) at the functional level by the small and medium enterprises (SMEs) is a recent phenomenon. Moreover, IT adaptation by the SMEs in India is at an emerging phase. As investments in IT continue to grow, SMEs managers’ awareness of the need to derive the value of IT is also increasing. Research has shown that SME managers are increasingly adopting new IT technologies in all aspects of business activities. On the backdrop, this research intends to measure information technology capability (ITC) in SMEs in Rajasthan state. ITC is a firm’s ability to acquire, deploy, and leverage its IT related resources in combination with other resources in order to achieve business objectives through IT implementation. The paper identifies four dimensions, viz. IT infrastructure, IT architecture, IT human resource, and IT relationship resource, in an effort to measure the ITC construct. To accomplish the above objective a sample of 193 SMEs have been surveyed through a pre-tested questionnaire. Results suggest that model fit statistics are reasonably acceptable and IT human resource as a significant contributor to the ITC construct followed by IT architecture. The study may help the firms to leverage technology to differentiate them from competition. SME managers and entrepreneurs will be able to develop a clear understanding of the critical components of ITC and their role in supporting and shaping business strategy.

scholarly journals Designing self helps groups’s communication strategy to explore women expectation in small enterprises

2019 ◽  
Vol 3 (2) ◽  
pp. 121
Author(s):  
Sumiati Sumiati ◽  
Nadiyah Hirfiyana Rosita ◽  
Risca Fitri Ayuni ◽  
Dian Attamimi
Keyword(s):  
Small And Medium Enterprises ◽  
Group Discussion ◽  
Group Development ◽  
Communication Strategy ◽  
Small Enterprises ◽  
Women Empowerment ◽  
Self Development ◽  
Development Goals ◽  
The Right ◽  
Medium Enterprises

<p align="justify">Women empowerment is becoming a current issue in sustainable development goals. Every developing country trying to promote the women empowerment issues in every sector. In Indonesia, this issues actively risen by PKK. PKK is the simplest form of self helps group organizations that can be found in almost whole areas of Indonesia. This organization is driven by women members, so they can interact with each other for self-development and group development. In order for these development efforts to be effective, identifying the expectations and needs of the community are very principal before defining the right communication strategy to reach the community. Based on focus group discussion that has been done with PKK members of Desa Jambu as a group of self helps group in developing small and medium enterprises in Desa Jambu, Sumenep there are three expectations related to PKK function that is delivered as learning facilities, cooperation medium, and production unit. To meet those expectations, communication strategy through counseling and training can be chosen as primary strategy.</p>

scholarly journals Sistem Integrasi Proteksi & Manajemen Resiko Platform Fintech peer to peer (P2P) Lending dan Payment Gateway untuk Meningkatkan Akslerasi Pertumbuhan UMKM 3.0

2019 ◽  
Vol 2 (1) ◽  
pp. 73
Author(s):  
Yulianti Manan
Keyword(s):  
Financial Reporting ◽  
Financial Services ◽  
Gap Analysis ◽  
Small And Medium Enterprises ◽  
Governance System ◽  
P2p Lending ◽  
The Government ◽  
Model Platform ◽  
Medium Enterprises ◽  
Payment Gateway

The MSMEs (Micro, Small and Medium Enterprises) mentioned by the government as the backbone of the Indonesian economy are also still many that have not been touched by financial services or are unbankable. Currently in line with the development of information technology in financial services, the Fintech P2P lending ecosystem and payment gateways are growing rapidly and become one of the cash less payment options, an alternative option for new types of financing due to multi-advantages; fast, collateral-free and technology-based process which is a culture of supporting MSME generation to 3.0. The Fintech P2P Lending and Payment gateway business that is oriented towards IT Base financial reporting still requires a risk management and governance system to reduce and minimize the risk of fraud, bankruptcy, default and other risks. The purpose of this research is to analyze and study innovative solutions to the Fintech business model platform related to protection system management by establishing a central and strategic role between the regulator and Fintech providers. This research uses descriptive research design by using GAP Analysis to research and develop and collaborate on innovation, especially in Fintech business operating systems.

scholarly journals Future Tradeoff under Fourth Industrial Revolution in Bangladesh: A Study on RMG Sector

2021 ◽  
Vol 8 (1) ◽  
pp. 198-215
Author(s):  
Maruf Hasan Rumi ◽  
Shukti Bala ◽  
A.M.M. Mubassher Shah ◽  
Md Abu Sayem ◽  
Md. Minhajul Abedin
Keyword(s):  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Export Earning ◽  
Inclusive Development ◽  
Trade Policies ◽  
Fourth Industrial Revolution ◽  
Development Goals ◽  
The Government ◽  
Medium Enterprises ◽  
Trade Market

Bangladesh's government has taken the 7th Five Year plan to implement Sustainable Development Goals (SDGs) by promoting favorable trade policies along with industrialization, digitization, and inclusive development. Hence, well-running trade is considered as the promising indicator to achieve SDGs which is growing exponentially in our country. Here, the Readymade Garment (RMG) is the most influential trading sector to contribute enormously in the export-earning. In recent times, the sector is facing massive changes due to the automation of the Fourth Industrial Revolution (FIR). To sustain in this digital competitive trade market, has become a major challenge for the small RMG industries. A huge number of Small and Medium Enterprises (SMEs) in our country have already been shut down due to automation. The large factories are also changing their manufacturing system by installing automation to cope with the demand for global competition. These are creating an unstable condition for RMG trade. The government needs to take a strategic and integrated plan immediately to gain the competitive advantage of FIR. Otherwise, Bangladesh will lose the international market for the RMGs of the country.      

The effects of subcontracting forms on the sustenance of SMEs

2019 ◽  
Vol 15 (4) ◽  
pp. 293-307
Author(s):  
Victor Chukwunweike Nwokocha ◽  
Christopher Nwankwo
Keyword(s):  
Cost Reduction ◽  
Sustainable Development Goals ◽  
Small And Medium Enterprises ◽  
Relevant Literature ◽  
Content Type ◽  
Development Goals ◽  
The Common ◽  
Cost Of Production ◽  
Medium Enterprises ◽  
Practical Implications

Purpose Despite the potential of SMEs in economic development, their activities have remained largely unsustainable in Nigeria. These enterprises are constrained by a number of challenges- high cost of production, poor power supply, high infrastructural deficit etc. which have made there operations largely unproductive. The purpose of this paper is to examine the effects of production subcontracting forms on the sustenance of small and medium enterprises as a panacea for achieving the targets of goal 8 of sustainable development goals (SDGs) in Enugu State, Nigeria. Design/methodology/approach The paper adopted a number of methods comprising of field observations, a reference to relevant literature and a questionnaire survey of 96 SMEs. The paper also adopted a quantitative approach comprising of simple descriptive statistics of mean and standard deviation as well as regression analysis to analyze the data. Findings This paper found that the three forms of production subcontracting (supplier, specialized and capacity subcontracting) identified in the paper were used by SMEs to achieve sustenance (cost reduction, risk reduction and access to resources) in their operations. The paper suggests that the sustenance of SMEs through the utilisation of the different forms of subcontracting can become a strategy towards achieving the targets of SDG 8 in Nigeria. Practical implications This paper has shown that the prevalent high cost of production and ever-increasing production risks, which are the common features of SMEs in Nigeria, can be mitigated through the various forms of production subcontracting analysed in this paper. SMEs, through seminars, workshops, entrepreneurship and business fares, can be encouraged to take up this strategy, considering its ability to address their various operational bottlenecks. Originality/value This study adds to the limited available evidence concerning the effects of subcontracting forms on the sustenance of SMEs in Nigeria. This study is the first to consider subcontracting forms and how they have led to sustenance SMEs in Nigeria.

scholarly journals Evaluation and efficacy of stimulation of innovative activity in Volgograd region

2016 ◽  
Vol 2 ◽  
pp. 37-46
Author(s):  
Parfyonova M.V.
Keyword(s):  
Small And Medium Enterprises ◽  
The State ◽  
Theory And Practice ◽  
Clear Understanding ◽  
State Support ◽  
Volgograd Region ◽  
The Subject ◽  
Medium Enterprises ◽  
Common Understanding ◽  
Clear Relation

The subject of the study is the small and mediuThe subject of the study is the small and medium enterprises in the Volgograd region is one of the main priorities of the state policy in the region. Particular attention is paid to measures of state support of small and medium-sized enterprises of the Volgograd region, and revealed their effectiveness. Consideration of state support of small and medium predprinimatelstva Volgogradskoy area. Based on this analysis, the authors assess the prospects for business development in the area. Stimulating innovation Volgograd region takes many forms and uses a variety of methods and tools, but a common understanding of the composition and content of the theory and practice of stimulation has not been reached. First of all, it concerns the state plays a crucial role in the development and implementation of methods and tools to stimulate innovation area, as well as its legislative and resource provision. The main conclusions of the study is the targeted development of innovation Volgograd region, which requires a clear understanding of the forms, methods and tools of its stimulation, establishing a clear relation between these concepts.

scholarly journals Business Model Improvement: A Study Case of Channeling through E-commerce

2021 ◽  
Vol 4 (1) ◽  
pp. 197-206
Author(s):  
Silvy Anita Theresia Sitorus ◽  
Avanti Fontana
Keyword(s):  
Business Model ◽  
Business Performance ◽  
Gap Analysis ◽  
Small And Medium Enterprises ◽  
Business Coaching ◽  
Business Model Canvas ◽  
Management Personnel ◽  
The Stability ◽  
Medium Enterprises ◽  
Political Economic

Micro, Small, and Medium Enterprises or MSMEs contribute to domestic economic growth. However, in the course of business, MSMEs still have obstacles. From the standpoint of internal, namely aspects of non-financial capacity such as management, personnel, marketing, and production, as well as financial aspects such as access to sources of financing, profitability management, and profit growth. External factors, namely political, economic, social, technological, and health situations, have an impact on the stability of business performance. Advances in technology, supported by infrastructure and ease of regulation, have encouraged the growth and development of digital-based businesses. This business coaching method focused on the activities at XYZ's Crackers Business, an Indonesian MSME. The purpose of this business coaching activity is to develop marketing channels for XYZ businesses. Data was collected through interviews, observations and surveys. The data is then collected and analyzed through Business Model Canvas analysis, SWOT and TOWS Business Model Canvas analysis, PESTEL analysis, market opportunity analysis (STP), Marketing Mix analysis, and Gap analysis. The solution obtained is to improve the business model, namely the channel element in the form of adding an online store through e-commerce.

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