scholarly journals Post-Pandemic Opportunities for Accounting Entrepreneurs in Botswana

2020 ◽  
Vol 5 (8) ◽  
pp. 864-870
Author(s):  
Collen Tichaona Mahambo
Keyword(s):  
Business Performance ◽  
Performance Monitoring ◽  
Business Models ◽  
Government Support ◽  
Remote Work ◽  
Current Crisis ◽  
Global Pandemic ◽  
New Business ◽  
Internal Operations ◽  
Medium Enterprises

Many businesses have suffered tremendously from the covid-19 pandemic through lost revenues and hence began to downscale. Most changed their business operations from office to remote work by employees. Business performance monitoring activities had not foreseen this global pandemic coming. Therefore, production and deadlines to meet work schedules have been disrupted especially for accounting entrepreneurs whose deadlines are usually imperative day to day discourses. Lockdowns that would come unprepared would drive management and staff in turmoil. These did not only affect internal operations but customers, regulatory bodies and most business stakeholders where in the same boat of reduced functionality. After looking into all these defies, the big question would be whether entrepreneurship would still be able to take advantage of opportunities when the problem is not focused on one country, area, business or sector; but cutting across the globe? Entrepreneurs are seen to be strategic opportunists, especially in times of a crisis like the covid-19 pandemic. In this research, entrepreneurs could be at start-up level, accounting graduates willing to start their own ventures or already functional businesses started by individuals who took the risk to get into their current ventures. Generally, the assumption is that most SMEs (Small-to-medium enterprises) are run by entrepreneurs even though this is not always the case. This research seeks to closely look at the opportunities available to accounting entrepreneurs after going through the challenges of a worldwide pandemic in Botswana. The main aim is to foster entrepreneurship business progressively against the outstanding odds of the covid-19 pandemic. A desktop research was applied to solicit suggestions for not only survival; but a positive forward-looking approach by taking advantage of the current crisis facing all businesses. A qualitative research has been used through journals, publications, discussion and opinion papers in order to explore suggestions for accounting entrepreneurs in the Botswana market. The findings and recommendations showed that accounting entrepreneurial capabilities can be elevated through employment of digital and virtual technologies in their day-to-day businesses and thinking innovatively against current market norms. Businesses therefore are seeking remedies to their financial calamities that have been posed by the covid-19 pandemic. Most “anti-digital” advocates have repented and now appreciate online services even in developing countries like Botswana where many generally shunned or were simply disinterested in digital discourses. The education sector, entertainment, retail and any business that you can think of, have in some way resorted to online alternatives. This combination of impending demand on financial advisory, the rise in appreciation of digital fraternities by all, government support and financing, all pose opportunities post the covid-19 and any other pandemics that may follow. Seetharaman, (2020) articulate how on one hand, the Covid-19 pandemic has imposed huge challenges on business organizations, but on the other hand, it has also compelled for innovations and new opportunities for new business models that will enable them to survive post this current crisis and other future crises

Web 2.0 and its Implications on Globally Competitive Business Model

2014 ◽  
pp. 86-101
Author(s):  
Sudhanshu Joshi
Keyword(s):  
Social Media ◽  
Web 2.0 ◽  
Business Model ◽  
Success Factors ◽  
Business Models ◽  
Strategy Formulation ◽  
Firm Level ◽  
Critical Success ◽  
New Business ◽  
Internal Operations

Considering the impact of using social media, both internal and external implications for company operations are required to be explored. The chapter explores how social media is used to enable innovation practices in company internal operations as well as external stakeholders. In addition, the objective of the study is to evaluate the need and scope of Web 2.0 behind the restructuring of the business model, with major emphasis on implementing a user-centric business model. The research questions include: (a) What are the Critical Success Factors (CSF) responsible for attracting and engaging users in Web 2.0-oriented business processes and practices?; (b) Identifying the scope of effective Web 2.0-based strategies to overcome internal resistance at operational as well firm level during deployment of new business model. The chapter also discusses the influence of Web 2.0 concepts in the Web-strategy formulation for organizations with differing requirements, characteristics, and objectives. Considering four types of Web-based business models (Wirtz, 2010), namely (a) content-oriented business model, (b) commerce-oriented business model, (c) context-oriented business model, and (d) connection-oriented business model. The chapter defines the implementation of Web 2.0-based technological strategies in evolving the business model of the firm.

Improved Global Competitiveness on the Basis of New Business Models Influenced by Dynamic Strategic Thinking

2020 ◽  
pp. 271-288
Author(s):  
Drago Dubrovski
Keyword(s):  
Business Models ◽  
Global Market ◽  
Strategic Thinking ◽  
Competitive Advantages ◽  
Current Crisis ◽  
Global Competitiveness ◽  
New Business ◽  
Modern Business ◽  
New Business Models ◽  
A Current

In modern business, dynamic changes in the environment (macro trends) provoke changes within the company. Companies can protect themselves from latent, acute crises. In addition, companies can navigate a turbulent environment while ensuring organizational existence and development. Organizational forms and characteristics, as well as business models to maintain or increase existence and create competitive advantages in the global market, are increasingly sought in a more creative manner. These actions are based on dynamic strategic thinking. Revolutionary methods are often required for the creation and adaptation of competitive business models. The data from companies that face a current crisis show a gap between the need to change business models and the introduction of adapted business models to achieve the desired level of competitiveness.

scholarly journals Factors Affecting the Business Performance of Small Businesses in Sekhukhune

2018 ◽  
Vol 10 (4(J)) ◽  
pp. 54-67
Author(s):  
Ajay K Garg ◽  
Phillip NT Phaahla
Keyword(s):  
Small Businesses ◽  
Business Performance ◽  
Limpopo Province ◽  
Government Support ◽  
Factors Affecting ◽  
Five Factors ◽  
Major Implication ◽  
Analyse Data ◽  
Funding Opportunities ◽  
Medium Enterprises

 This study identifies the factors that affect the business performance of Small, Micro and Medium Enterprises (SMMEs) in the Sekhukhune District of the Limpopo Province in South Africa. The study collected data from a randomly selected sample of 200 SMMEs and used WARP PLS software to analyse data. The results indicated that five factors, namely “finance”, “characteristics of entrepreneurs”, “location of business”, “government support”, as well as “products and services” were positively related to business performance. In contrast to other studies, this study found that owners’ personal funds and their proper management played a key role in the performance of businesses. This has a major implication for government support agencies that provide funding opportunities. 

scholarly journals Barriers and opportunities for hi-tech innovative small and medium enterprises development in the 4th industrial revolution era

2017 ◽  
Vol 15 (4) ◽  
pp. 100-113 ◽  
Author(s):  
Larysa Antoniuk ◽  
Iuliia Gernego ◽  
Vyacheslav Dyba ◽  
Yevheniia Polishchuk ◽  
Yuliia Sybirianska
Keyword(s):  
Business Performance ◽  
Industrial Revolution ◽  
Swot Analysis ◽  
Small And Medium Enterprises ◽  
Government Support ◽  
High Tech ◽  
Policy Makers ◽  
New Ideas ◽  
Barriers And Opportunities ◽  
Medium Enterprises

High-tech innovative SMEs’ development plays crucial role in economic growth of every country. It creates new work places and infrastructure, motivates people for creating new ideas. At the same time, SMEs still face with a huge number of problems in the business performance. The purposes of the research are: to define main barriers for high-tech SMEs’ development in the 4th industrial revolution era (4IR); to work out recommendations for policy-makers towards intensification of SMEs’ potential. For this purpose, the authors reviewed studies devoted to the SMEs’ innovative development and revealed that main barriers of SMEs’ development are related to inefficient government support in this sphere. In order to work out recommendations for Ukrainian policy-makers in the area of SMEs’ development, the authors conducted a survey of local high-tech SMEs and on the basis of SWOT-analysis distinguished the main directions for their further improvement. Finally, a set of recommendations for improving SMEs’ environment in Ukraine, taking into consideration the challenges of the 4th IR, was developed.

scholarly journals Remote certification processes during global pandemic times

2021 ◽  
Vol 92 ◽  
pp. 01037
Author(s):  
Paweł Nowicki ◽  
Piotr Kafel
Keyword(s):  
Case Studies ◽  
Value Added ◽  
Emergency Situation ◽  
Accreditation Body ◽  
Conformity Assessment ◽  
Remote Work ◽  
Current Crisis ◽  
Global Pandemic ◽  
Process System ◽  
The Impact

Research background: Conformity assessment as defined in the ISO/IEC 17000 standard shows that the specified requirements for the product, process, system, person or entity have been met. A special type of conformity assessment is certification, in which the assessment is carried out by independent organizations, which has been confirmed by an accreditation body. The current crisis related to the development of the COVID-19 global pandemic has forced many organizations to change traditional forms of operation and, where it was possible, switch to a remote mode of work. Purpose of the article: The need to adapt to new realities did not bypass the certification bodies that adapted to the emergency situation, using the possibilities of remote work, including as part of certification processes. The purpose of this publication is to indicate the context of the certification bodies’ operation and the impact of such proceedings on trust in the results of their work as well as to show the changes of the way of conducting certification audits by the certification bodies. Methods: For above mentioned matter, four certification bodies were analysed in the area of remote certification processes. The used methodology was a case studies including a direct interviews with certification bodies representatives. Findings and Value Added: The main findings are related to the following issues concerning that remote auditing processes ensure business continuity; there is an increased confidence in results among customers of certification bodies; changes in process costs.

scholarly journals Impact of Digitalization on the Speed of Internationalization

2019 ◽  
Vol 12 (4) ◽  
pp. 1 ◽  
Author(s):  
Yan-Yin Lee ◽  
Mohammad Falahat ◽  
Bik-Kai Sia
Keyword(s):  
International Business ◽  
Business Models ◽  
Small And Medium Enterprises ◽  
Research Direction ◽  
Theoretical Development ◽  
Future Research ◽  
New Business ◽  
Medium Enterprises ◽  
The Impact

Digitalization combined with globalization is the current megatrend that impacting the international business landscape and creates opportunities for new business models. Embracing digitalization enables firms for speedy internationalization. Although the phenomenon of early internationalization has received increasing attention in the field of International Entrepreneurship over the past decades, however, there is a lack of focus on the role of digitalization that allows a higher speed of internationalization. This paper proposes a model that highlights the moderating role of digitalization on international business competencies and speed of internationalization. We argue that small and medium enterprises able to enter international markets more rapidly due to the impact of digitalization. This study addresses a gap in the literature and practical development needs for better understanding the impact of digitalization on the speed of internationalization. The limitations and implications of this study will be discussed for theoretical development and future research direction.

Reflecting on New Businesses Models for SMEs through Technological Application

2013 ◽  
pp. 1619-1637
Author(s):  
George Leal Jamil ◽  
Antonio José Balloni ◽  
Rodrigo Baroni de Carvalho
Keyword(s):  
Information Technology ◽  
Business Models ◽  
Small And Medium Enterprises ◽  
Rapid Changes ◽  
New Business ◽  
Evolving Context ◽  
Medium Enterprises ◽  
It Application ◽  
New Business Models

As modern economies faces its growth challenges, small and medium enterprises are potential agents to become strategic competitive, especially when it can be supported by information technology. A scenario composed by rapid changes in the economies, introduction of new communication and information technology and emergence of new markets forms the study background, which was proposed to analyze new business models for SMEs based on e-business concepts and how these resources, applied under strategic thinking, are increasing the SMEs’ competitiveness. A case study of Brazilian e-business based SMEs is conducted, in order to understand IT application in this evolving context, examining five successful cases.

Reflecting on New Businesses Models for SMEs Through Technological Application

2010 ◽  
pp. 194-212
Author(s):  
George Leal Jamil ◽  
Antonio José Balloni ◽  
Rodrigo Baroni de Carvalho
Keyword(s):  
Information Technology ◽  
Business Models ◽  
Small And Medium Enterprises ◽  
Rapid Changes ◽  
New Business ◽  
Evolving Context ◽  
Medium Enterprises ◽  
It Application ◽  
New Business Models

As modern economies faces its growth challenges, small and medium enterprises are potential agents to become strategic competitive, especially when it can be supported by information technology. A scenario composed by rapid changes in the economies, introduction of new communication and information technology and emergence of new markets forms the study background, which was proposed to analyze new business models for SMEs based on e-business concepts and how these resources, applied under strategic thinking, are increasing the SMEs’ competitiveness. A case study of Brazilian e-business based SMEs is conducted, in order to understand IT application in this evolving context, examining five successful cases.

scholarly journals CSR and the Supply Chain: Effects on the Results of the SME

2018 ◽  
Author(s):  
Luis Enrique Valdez-Juárez ◽  
Dolores Gallardo-Vázquez ◽  
Elba Ramos-Escobar
Keyword(s):  
Supply Chain ◽  
Structural Equation ◽  
Business Models ◽  
Small And Medium Enterprises ◽  
Statistical Technique ◽  
Equation Modeling ◽  
Sustainability Strategies ◽  
New Business ◽  
Medium Enterprises ◽  
Corporate Social

Currently, companies and SMEs (small and medium enterprises) are looking to be more competitive. In order to achieve this, they are adopting new business models and strategies that allow them to move towards sustainability. Strategies such as CSR (Corporate social responsibility) and supply chain management have become essential for ensuring a company’s permanence and financial consolidation. The literature has stated that the theories of Stakeholders and Sustainability are fundamental pillars for the development and sustained growth of business. The purpose of this article is to examine the effects of CSR and the SC (supply chain) on innovation, image and reputation, and in turn, their influences on profitability in SMEs. This research is based on a sample of 143 companies in the city of Guaymas Sonora, in Mexico. For the analysis and validation of the results, we used the SEM (Structural Equation Modeling) statistical technique based on the variance, through PLS (Partial Least Squares) (using SmartPLS version 3.2.6 Professional). The findings show that SMEs that develop social and sustainable practices increase their level of innovation, and improve their image, their reputation, and their financial profitability. This work contributes mainly to the development of Stakeholders and Sustainability.

scholarly journals SUSTAINING THE GROWTH OF RURAL SMEs: EFFECT OF FINANCIAL ACCESS AND ENTREPRENEURIAL CHARACTERISTICS ON BUSINESS PERFORMANCE IN A FELDA SCHEME IN PAHANG

2021 ◽  
Vol 4 (13) ◽  
pp. 89-108
Author(s):  
Shuhaimi Mohd Sauh ◽  
Moha Asri Abdullah ◽  
Rozailin Abdul Rahman
Keyword(s):  
Risk Taking ◽  
Structural Equation ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
Access To Finance ◽  
Design Data ◽  
Financial Access ◽  
Entrepreneurial Characteristics ◽  
New Business ◽  
Medium Enterprises

In Malaysia, Small and Medium Enterprises (SMEs) contribute more than one-third to the country’s gross domestic product (GDP). Past studies revealed that access to finance and entrepreneurial characteristics are often known as predictors of SMEs performance. Nonetheless, access to finance is still one of the pressing problems faced by SMEs in Malaysia. Studies on this topic have not been extensively explored particularly in the FELDA scheme. Hence, this paper attempts to investigate how access to finance and entrepreneurship characteristics affect SMEs business performance in the FELDA scheme. This study employed a survey research design. Data were collected from a sample of 368 SMEs and analysed using the Structural Equation Modelling (SEM). This study found the insignificant effect of access to finance on business performance. There was no significant effect of innovativeness and pro-activeness on business performance. Interestingly, risk-taking was directly related to SMEs business performance. Overall, findings imply that SMEs in the FELDA scheme have difficulties getting financial access, dare to take bold actions in business but they are lacking the propensity in introducing new business ideas and are not fast enough in taking advantage of new business opportunities. The paper recommends that government agencies should provide adequate business support and financial access to improve SMEs entrepreneurial capabilities and business performance.

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