Cooperation between small or medium enterprises and transnational corporations in modern conditions of social and economic development

2021 ◽  
pp. 46-51
Author(s):  
V. D. Parkhomenko ◽  
S. Seki ◽  
H. O. Parkhomenko
Keyword(s):  
Economic Development ◽  
Multinational Corporations ◽  
Small Businesses ◽  
World Economy ◽  
Small And Medium Enterprises ◽  
Transnational Corporations ◽  
The Core ◽  
Leading Role ◽  
Social And Economic Development ◽  
Medium Enterprises

In today’s social and economic world economy, multinational companies are a powerful part of corporate business, they play a leading role in development and strengthening the global economic activity. In modern conditions of social and economic development, transnational corporations are becoming the core of a new category of the global post-industrial economy, which constantly integrates many small and medium enterprises, distribution and information networks that form the periphery of the global trans-corporate core with a big number of employees. Today, along with the process of globalization in modern social and economic development, the «knowledge economy» is being introduced with a change in the role of human, which is becoming the main and determining resource of development. Therefore, cooperation between small and medium-sized enterprises and multinational corporations become an important element of progress. We will consider the connection of transnational corporations with the development of the world economy and with small businesses as a dialectical or open system that becomes the core of progress.

IT Penetration in Micro, Small and Medium Enterprises

2015 ◽  
Vol 3 (1) ◽  
Author(s):  
M. Sukanya ◽  
Ravi Prakash. K
Keyword(s):  
Information Technology ◽  
Multinational Corporations ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Policy Framework ◽  
Technological Growth ◽  
It Usage ◽  
Future Policy ◽  
Day To Day Operations ◽  
Medium Enterprises

Information technology (IT) has become a vital and integral part of every business plan. From multinational corporations who maintain mainframe systems and databases to small businesses, IT plays an important role. The principal objective of the present research is to know the Information Technology (IT) penetration in Micro, Small and Medium Enterprises (MSME) sector. The study is conducted as field survey of 62 discrete manufacturers of MSMEs around the industrial areas of Hyderabad. Survey is conducted with the help of questionnaire designed to understand the level of IT usage (concentrating on web technology) in their day-to-day operations. Data are analyzed with the help of statistical tools and the results show that the MSME sector is resistant to Information Technology (IT) for their day-to-day operations. There is a wide scope for technological growth in MSMEs which is suitable for the sector. The final part provides some future policy framework for the sustainability of the sector.

scholarly journals Phenomenon Of SMEs (Small and Medium Enterprises) and Community Mindset

2020 ◽  
Vol 4 (2) ◽  
pp. 101-106
Author(s):  
Sayyida Sayyida ◽  
Alwiyah Alwiyah
Keyword(s):  
Economic Development ◽  
Correlation Analysis ◽  
Small And Medium Enterprises ◽  
Economic Life ◽  
Business Success ◽  
The Core ◽  
Modern Economic ◽  
The Government ◽  
Medium Enterprises ◽  
Government Change

Small and medium enterprises (SMEs) are the core of modern economic life that is very important for economic development in Indonesia, so the government seeks to empower SMEs. Bluto - Sumenep has many SMEs but is difficult to develop. This study aims to analyze the phenomenon of SMEs in Bluto related to the success of their business in relation to education, skills and funds. Questionnaires were used to obtain data from 100 entrepreneurs. The result of correlation analysis shows that there is no relationship between business success with education, skill and fund. This result proves the unique phenomenon of the mindset of the Bluto people who consider that "being an employee is the main one, and the certificate is more important than the skill." The duties of society and government change the mindset of the Bluto people through approach and socialization.

ABOUT THE ROLE OF THE STATE AND GOVERNMENT IN CONDITIONS OF POLITICIZED ECONOMY

2015 ◽  
Vol 10 (6) ◽  
pp. 259-264
Author(s):  
Прокопович ◽  
Galina Prokopovich
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Small And Medium Enterprises ◽  
The State ◽  
Russian Economy ◽  
Role Of The State ◽  
Social And Economic Development ◽  
Medium Businesses ◽  
Medium Enterprises

The article deals with the problems of antimonopoly policy and development of small and medium enterprises in conditions of protectionism in Russia. On the basis of comparative analysis of the industrial economies of the various countries and of government tools used for social and economic development, the problems are identified and the mechanisms of implementation of antimonopoly policy and development of small and medium enterprises in conditions of protectionism in Russia are suggested. The author proves the necessity of transformation of the Russian economy, the mainstay of which serves small and medium businesses in crisis.

scholarly journals INFLUENCE OF TRANSNATIONALIZATION FOR THE DEVELOPMENT OF COMPETITIVE RELATIONS

2018 ◽  
pp. 77-88
Author(s):  
S. Tsyganov ◽  
V. Syzonenko ◽  
N. Tsyganova
Keyword(s):  
Information And Communication Technologies ◽  
World Economy ◽  
Small And Medium Enterprises ◽  
Transnational Corporations ◽  
Present Stage ◽  
Economic Relations ◽  
The World ◽  
Competitive Relations ◽  
Information And Communication ◽  
Medium Enterprises

The essence of transnationalization as a special stage of globalization of economy is investigated. The essence of transnational corporations (TNCs) is revealed, their place in the system of international economic relations is determined. The role of TNCs in the context of their particular impact on the integration of national enterprises into the world economy and the main causes of the transnational capital movement at the present stage are analyzed. The new forms of the influence of transnationalization on the development of a competitive environment in the world economy are considered. The peculiarities of national base of transnational corporations and their branch specialization are analyzed. The problems and contradictions of the functioning of the TNC as the basis of the development of the world economy at the present stage and the changes in their activities as a result of the evolution of global processes and the intensification of the use of information and communication technologies are considered. The prospects of innovation and investment cooperation of Ukraine with TNCs as a powerful mechanism for the emergence of a long-term financial and economic crisis are proposed. Attention is drawn to the problems of attracting small and medium enterprises in the network of TNCs.

Analysis of Major Problems Faced by Small Firms in North India

2015 ◽  
Vol 15 ◽  
pp. 150-160
Author(s):  
Davinder Singh ◽  
Jaimal Singh Khamba ◽  
Tarun Nanda
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
North India ◽  
Small Enterprises ◽  
Employment Generation ◽  
Medium Enterprises

Micro, Small and Medium Enterprises (MSMEs) have been noted to play a significant role in promoting economic growth in less developed countries, developing and also in developed countries. Worldwide, the micro and small enterprises have been accepted as the engine of economic growth of any nation. Small and Medium Enterprises are the backbone of the economies, because it trigger employment, output, export, poverty alleviation, economic empowerment, economic development etc. in developed as well as in developing countries. It is more important to developing countries as the poverty and unemployment are burning problems. MSMEs have been playing a momentous role in overall economic development of a country like India where millions of people are unemployed or underemployed. Therefore, the growth of small sectors is essential for the growth in the GDP, employment generation, total manufacturing production and export. India, being one of the fastest growing economies of the world, needs to pay an honest attention for the utmost growth of MSMEs for its increased contribution in above areas.

Family Firms, Enterprise Development and Tacit Knowledge Transformation: Small and Medium Enterprises (SMEs) Innovation in Malaysia

2021 ◽  
pp. 097215092110476
Author(s):  
John Lee Kean Yew
Keyword(s):  
Tacit Knowledge ◽  
Small Businesses ◽  
Global Economy ◽  
Family Firms ◽  
Small And Medium Enterprises ◽  
Enterprise Development ◽  
Generational Change ◽  
Knowledge Transformation ◽  
Family Smes ◽  
Medium Enterprises

In light of the global economy, it is undeniable that small businesses such as family-owned small and medium enterprises (SMEs) affect economic performance globally. They offer a key basis of flexibility and innovation but also face some challenges along the way. Since family SMEs form a large portion in the Malaysian corporate sector, the economy of this country is highly dependent on family firms’ entrepreneurial capacity. During the past decade, although family SMEs innovation is analytically and empirically reviewed in terms of theory building, it still lacks a systematic adoption of thorough and theoretically-based frameworks to gain understanding on the evolution of knowledge transformation surrounding this topic. This study primarily focuses on the development of tacit knowledge through innovation during generational change with specific attention given to three family firms ranging from old, new and declining wealth enterprises. Besides, this article appraises the evolution of SMEs innovation when new generations attempt to transform the tacit knowledge in advancing the products innovation and quality branding in Malaysia.

scholarly journals Small and Medium Enterprises: Importance for the Kosovo Economy

2021 ◽  
Vol 18 ◽  
pp. 215-221
Author(s):  
Afrim Loku ◽  
Nadire Loku ◽  
Naim Baftiu
Keyword(s):  
Economic Development ◽  
Labor Market ◽  
International Institutions ◽  
Small And Medium Enterprises ◽  
Scientific Contribution ◽  
Documentary Sources ◽  
Scientific Papers ◽  
Medium Enterprises ◽  
National Economies

This study aims to broaden the understanding of the importance of SMEs (Small and Medium Enterprises) for the economy of Kosovo, especially in terms of economic development, labor market and innovation. The study was conducted through analysis of documentary sources such as relevant reports of national and international institutions as well as relevant scientific papers. The scientific contribution of this study is theoretical and aims to help researchers of the field for an expanded understanding of SMEs over national economies. This study provides a concise framework of important elements on the economic impact of SMEs on Kosovo's economy. Examination of available data has shown that the SME sector plays a crucial role for the Kosovo economy. The key role of SMEs was emphasized in terms of overall value generated and the labor market while innovation remains a challenge to be addressed by stakeholders

scholarly journals Customer expectations and service delivery: Are SME’s aware of the service quality standards gap?

2015 ◽  
Vol 12 (4) ◽  
pp. 175-184
Author(s):  
Johannes Arnoldus Wiid ◽  
Michael Colin Cant ◽  
Carly Prinsloo
Keyword(s):  
Service Quality ◽  
Service Delivery ◽  
Competitive Advantage ◽  
Small Businesses ◽  
Quantitative Research ◽  
Small And Medium Enterprises ◽  
Quality Standards ◽  
Customer Expectations ◽  
Medium Enterprises ◽  
Service Standards

Competition among small businesses are high, as small businesses compete for market share which larger business do not engage with. A definite competitive advantage that small and medium enterprises (SMEs) can rely on is service quality (Kasul & Motwani in Anuar & Yusuff 2011:328; Tseng & Wu 2014:77). SMEs do not necessarily understand service standards and how to ensure that the service standard is implemented. The research utilised a quantitative research design whereby the data was collected by means of a 5-point Likert scale survey known as the SERVQUAL model. The results indicate that there are discrepancies between dimensions those owners feel should be adhered to and the extent to which they perceive their businesses to adhere to these dimensions.

scholarly journals Analysis of Influence of Micro Small and Medium Enterprises (MSMEs) Development as a Competitive Advantage to Creative Economic Development

2018 ◽  
Author(s):  
Bunga Aditi ◽  
SOPI PENTANA
Keyword(s):  
Economic Development ◽  
Data Analysis ◽  
Competitive Advantage ◽  
Path Analysis ◽  
Significant Influence ◽  
Small And Medium Enterprises ◽  
Creative Economy ◽  
Analysis Method ◽  
Research Results ◽  
Medium Enterprises

The purpose of this research is to analyze the influence of MSME development as competitive advantage toward creative economic development in Medan city. Data analysis method used in research is path analysis. Simultaneously, the research results of MSME Development and Competitive Advantage have a positive and significant effect on creative economy. Partially, the Influence of MSME Development has positive and significant influence to creative economy. Partially Competitive advantage positively and significantly influences the creative economy. The development of MSME has a positive and significant impact on competitive advantage. Indirectly MSME development positively affects the creative economy through competitive advantage

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