scholarly journals How to Enhance Firm Performance: The Case of Small and Medium Enteprises in Vietnam

2019 ◽  
Vol 54 (6) ◽  
Author(s):  
Nguyen Thanh Vu ◽  
Bui Xuan Bien ◽  
Tran Minh Thai ◽  
Than Van Hai ◽  
Nguyen Thanh Hung
Keyword(s):  
Firm Performance ◽  
Intellectual Capital ◽  
Small And Medium Enterprises ◽  
Sampling Technique ◽  
Relational Capital ◽  
Sustainable Competitive Advantage ◽  
Factors Affecting ◽  
Medium Businesses ◽  
Medium Enterprises ◽  
Start Ups

Firm performance is a function of the organization’s ability to acquire and deploy resources in manner that allows them to gain a sustainable competitive advantage. This study identifies factors affecting firm performance of small and medium enterprises in Vietnam. It will explore these factors for successful start-ups businesses in Vietnam. The study employed the sampling technique, conducting direct interviews with respondents. Due to the limited resources, the sample size comprised 358 small and medium businesses only. The theoretical framework was drawn out and the questionnaire was designed based on the factors selected. The entire hypotheses were successfully tested with SPSS and some hypotheses were accepted. The results revealed that firm performance is measured by two key factors in the country: intellectual capital and relational capital. Furthermore, intellectual capital is affected by three variables: human capital, organizational capital and relational capital.

scholarly journals ANALYSIS OF FACTORS AFFECTING THE IMPLEMENTATION OF FINANCIAL ACCOUNTING STANDARDS FOR MICRO, SMALL AND MEDIUM ENTITIES (SAK-EMKM) ON SHARIA-BASED MSMEs IN KUDUS REGENCY

2021 ◽  
Vol 6 (2) ◽  
pp. 79
Author(s):  
ZULIYATI ZULIYATI ◽  
ZULIYATI ZULIYATI ◽  
INDRIANINGRUM INDRIANINGRUM
Keyword(s):  
Quantitative Research ◽  
Small And Medium Enterprises ◽  
Linear Regression Analysis ◽  
Accounting Standards ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Financial Accounting ◽  
Primary Data ◽  
Factors Affecting ◽  
Medium Enterprises

The purpose of this study is to analyze the effect of owner perceptions, education, socialization, business scale and business age on the application of the Accounting Standards for Micro, Small and Medium Enterprises (SAK EMKM) on sharia-based MSMEs in Kudus Regency. This study uses a quantitative research design, with the data used are primary data obtained from respondents through questionnaires, with the method of analysis using multiple linear regression analysis. A sample of 100 used purposive sampling technique with the criteria of Sharia-based MSMEs in Kudus Regency. The results showed that the variable owner perception, business scale, and business age had no effect on the application of SAK EMKM. Education and socialization have a positive effect on the implementation of SAK EMKM. The limitations of this study are that the independent variable is only able to influence the implementation of SAK EMKM by 28% and the object is only limited to sharia based MSMEs in Kudus Regency, so it cannot be generalized.

scholarly journals The Myth of Social Capital in Development of Small and Medium Enterprises: A Case Study of Handloom Industry at Peshawar Valley

2021 ◽  
Vol 5 (1) ◽  
pp. 169-181
Author(s):  
DR. MUJIB UR RAHMAN ◽  
ABDUR RAHMAN ◽  
SHAH RAZA KHAN
Keyword(s):  
Social Capital ◽  
Firm Performance ◽  
Positive Impact ◽  
Small And Medium Enterprises ◽  
Relational Capital ◽  
Cross Sectional ◽  
Future Viability ◽  
Analytical Research ◽  
Medium Enterprises

The purpose of this study is to analyze the role of social capital in development of small and medium enterprises in Peshawar Valley. Relational capital such as business relational capital and social relational capital is used as tools of social capital. Firm performance is measured using attributes like profitability and future viability. A cross sectional, descriptive and analytical research design is adopted using a representative sample of 169 manufacturing weavers. Data is collected using a self-administered questionnaire. The findings reveal a significant and positive relationship between relational capitals, firm performance. It is recommended that investment in social capital improves firm performance with a positive impact on wellbeing of overall community. Therefore, managers should intensify initiatives to encourage greater understanding and acceptance on relational capital elements, employ a viable relational capital composition that includes building strong social relational ties with the community and government and pay attention to customers and employees in order to identify their needs and provide them with optimal values. This is likely to increase firm performance and development the small and medium enterprises.

Intellectual Capital in Malaysian SMEs

2015 ◽  
pp. 220-231
Author(s):  
Muhammad Khalique
Keyword(s):  
Intellectual Capital ◽  
Business Performance ◽  
Food Industry ◽  
Small And Medium Enterprises ◽  
Sampling Technique ◽  
Business Environment ◽  
Customer Capital ◽  
Medium Enterprises ◽  
Three Components

The aim of this chapter is to shed light on the concept and application of intellectual capital in the food industry in Kuching, Malaysia. There is no doubt that intellectual capital is a most important strategic asset for the success of organizations. In a competitive business environment, intellectual capital has been a vital element of success, particularly in Small and Medium Enterprises (SMEs). The purpose of this study is to examine the role of intellectual capital in order to enhance the business performance of SMEs operating in the food industry in Kuching, Malaysia. In this chapter, three components of intellectual capital, namely human capital, customer capital, and structural capital, are employed to examine the role of intellectual capital in SMEs. A structured questionnaire with a five-point Likert Scale was used to gather the data from the targeted respondents by using a convenience-sampling technique. A total of 200 questionnaire sets were distributed to the targeted respondents. From the total distributed questionnaires, a total of 194 respondents gave their feedback. Four research hypotheses were addressed to find the objectives of this study. To test the proposed research hypotheses, multiple regression technique was used. The findings of this study show that the three components of intellectual capital collectively and individually have positive and significant relationships with the business performance of baking SMEs. Subsequently, the four hypotheses of this study were supported. This chapter is a preliminary study about the baking SMEs operating in the food sector in Malaysia.

scholarly journals PERANAN INTELLECTUAL CAPITAL DAN ORIENTASI KEWIRAUSAHAAN PADA USAHA KECIL DAN MENENGAH

2020 ◽  
Vol 5 (2) ◽  
pp. 238
Author(s):  
Fivi Anggraini ◽  
Teguh Ilhamda ◽  
Nurhuda N
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Entrepreneurial Orientation ◽  
Sampling Method ◽  
Small And Medium Enterprises ◽  
Organizational Management ◽  
Relational Capital ◽  
Goods And Services ◽  
Structural Capital ◽  
Medium Enterprises

<p><em><em><span lang="EN-US">Entrepreneurial oriented companies either small and medium enterprises (SMEs)</span></em><span lang="EN-US"> <em>scales are demanded not only be capable of producing goods and services, but also must be competitive in innovation, information systems, knowledge, organizational management, and human resources.</em> <em>To carry out these purposes, the companies must be able to manage their intellectual capita in well manner.  This study aims to examine the effect of elements of intellectual capital consisting of human capital, structural capital and relational capital on the entrepreneurial oriented SMEs in Padang. Sampling method deployed the Slovin Formula with a total of 100 sampled SMEs with a margin of 10%. The results of this study empirically proved that there were significant effects of the elements of intellectual capital i.e. human capital, structural capital and relational capital toward entrepreneurial orientation.</em></span></em></p><p><em><br /></em></p><p><em>Perusahaan berorientasi wirausaha, baik dalam skala usaha kecil dan menengah (UKM) tidak hanya harus menghasilkan barang dan jasa, tetapi juga kompetitif dalam inovasi, sistem informasi, pengetahuan, manajemen organisasi, dan sumber daya manusia. Untuk menjalankan tujuan tersebut, perusahaan tersebut harus mampu mengelola intellectual capital degan baik. Penelitian ini bertujuan untuk menguji pengaruh unsur-unsur modal intelektual yang terdiri dari modal manusia, modal struktural dan modal relasional terhadap orientasi kewirausahaan pada UKM di Padang. </em><em>Metode pengambilan sampel menggunakan Rumus Slovin dengan sampel sebanyak 100 UKM dengan margin 10%. </em><em>Hasil</em><em> penelitian ini secara empiris membuktikan bahwa terdapat pengaruh yang signifikan dari unsur-unsur modal intelektual yang terdiri dari modal manusia, modal struktural dan modal relasional terhadap orientasi kewirausahaan</em><em>.</em></p><div><div><p> </p></div></div>

scholarly journals Appraisal of Factors Influencing Small and Medium Enterprises (SMES) in Textile Sub-sector in Yoruba Land, Southwest Nigeria

2019 ◽  
pp. 1-9
Author(s):  
T. S. Kareem ◽  
K. O. Oyeniyi ◽  
F. A. Ajiboye
Keyword(s):  
Small And Medium Enterprises ◽  
Sampling Technique ◽  
Primary Data ◽  
Motivating Factors ◽  
Economic Activities ◽  
Factors Affecting ◽  
Factors Influencing ◽  
Job Opportunities ◽  
Southwest Nigeria ◽  
Medium Enterprises

SMEs in the textile sub-sector are the main players in domestic economic activities, especially as providers of job opportunities for unemployed youths. However, the sector has been devilled by the high influx of counterfeit and smuggled goods which have resulted in low patronage of Nigerian-made textiles materials. This study, therefore, seeks to appraise the factors influencing SMEs in the textile sub-sector in Yoruba Land, Southwest, Nigeria. Purposive sampling technique was employed to select 50 indigenous textile entrepreneurs from Iseyin, Oyo State, Nigeria. The study employed primary data, sourced through structured questionnaire Descriptive statistics such as frequency, simple percentage, and mean were used to analyze the data. Results reveal that the major motivating factors are; employment generation, to have control over life, opportunity to create a fortune, high job security, and impressive profit attraction. Results also reveal that the high influx of counterfeit and smuggled goods are most factors affecting the performance of SMEs in textiles in Nigeria. Subsequently, the study recommends that the federal government should earmark a substantial amount to bail out the SMEs in the textile sub-sector and also to ban the importation of textiles. This will ultimately drive many young graduates into the sector.

scholarly journals Effect of Employee Engagement on Performance of Small and Medium Size Enterprises in Mombasa County, Kenya

2021 ◽  
Vol 1 (2) ◽  
pp. 5-17
Author(s):  
Mary Peninah Ibua
Keyword(s):  
Employee Engagement ◽  
Family Relationships ◽  
Small And Medium Enterprises ◽  
Sampling Technique ◽  
Medium Size ◽  
Competitive Edge ◽  
Descriptive Research ◽  
Develop Theory ◽  
Medium Enterprises ◽  
Start Ups

In today’s global environment one of the major challenges is having engaged workforce in an organization. The workforce is one of the organization’s greatest assets. Employee engagement is the process of keeping employees engaged in the organization. It is one of the key fundamentals of making an organization competitive. The main objective of this study was to investigate the effect of employee engagement on performance of small and medium organizations in Mombasa County, Kenya. A positivist paradigm using descriptive research design was used. Stratified random sampling technique was used to interview respondents. The study sampled a total of 105 small and medium enterprises operators. A questionnaire with Likert-type interval scale anchored on a 5-point scale was used to collect data. Hypotheses were tested using Pearson’s product moment and multiple regression. Findings of the study indicated that most of the small and medium enterprises (SMEs) have not embraced the concept of employee engagement. Nonetheless they have awareness of the practices that employees desired which would give them competitive edge. It is of necessity that the SMEs operators be trained on best practices and also benchmark within their industry subsectors so as to be able to initiate and embrace employee engagement. At start-ups and early stages of business growth, there is minimal investment in human resources which results in haphazard recruitment of family members who are sometimes are neither qualified nor trained and not engaged.  Consequently, the staff underperforms, a lot of infighting and conflicts in families and relatives, leading to strained family relationships and high labour turnover which in turn affects performance. The study recommended a deliberate action be taken by the management to embrace employee engagement concept for their organizations to be competitive. Implications of the study are that adopting employee engagement empowers employees which results in increased performance in organizations. The study also contributes to the literature that seeks to develop theory emphasizing the importance of embracing employee engagement notion as an important human resource concept.

scholarly journals Keunggulan Bersaing Berkelanjutan Berbasis Inovasi dan Kearifan Lokal Pada Usaha Kecil dan Menengah Makanan Tradisional di Pekanbaru

2021 ◽  
Vol 8 (2) ◽  
pp. 123
Author(s):  
Rosmayani Rosmayani ◽  
Annisa Mardatillah
Keyword(s):  
Competitive Advantage ◽  
Small And Medium Enterprises ◽  
Sampling Technique ◽  
Food Products ◽  
Traditional Food ◽  
Sustainable Competitive Advantage ◽  
Local Resources ◽  
Analysis Technique ◽  
Medium Enterprises ◽  
Literary Techniques

Business actors' competition in capturing market share has made it essential for business actors to implement sustainable competitive advantage through local wisdom and innovation. It is expected to improve product quality sustainably. This study aims to analyze sustainable competitive advantage based on local wisdom and innovation in small and medium enterprises of Riau Malay traditional food in Pekanbaru. The research method used is qualitative with observation, interview, and literary techniques. The sampling technique used was purposive sampling on ten business actors and triangulation as the analysis technique in this study. This study's findings are that local wisdom factors and product innovation are a source of sustainable competitive advantage in the micro and small business sector of Riau Malay traditional food in Pekanbaru. Although innovations made in traditional Riau Malay food products, this has not made the product more homogeneous but still thick with its uniqueness and authenticity. The resources owned's heterogeneity is reflected in local knowledge, local skills, local resources, and local values in traditional Riau Malay food products, a differentiator that competitors cannot imitate.

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