IT-Supported Business Performance and E-Commerce Application in SMEs

2013 ◽  
Vol 11 (2) ◽  
pp. 41-52 ◽  
Author(s):  
Qing-yi Chen ◽  
Ning Zhang
Keyword(s):  
Small Business ◽  
Business Strategy ◽  
Business Performance ◽  
Low Cost ◽  
Sales Performance ◽  
Business Application ◽  
Medium Enterprise ◽  
Part Time ◽  
Time Basis ◽  
Business Technology

As E-commerce is developing in China, using E-commerce becomes more important to small and medium enterprise (SMEs). The small business has several advantages, including low cost and the ability to begin on a part-time basis. E-business technology can strengthen these advantages. In this paper, the authors introduce the ECRM and E-business strategy in enterprise and use VAR model to analyze how E-Business Application affects business performance in emerging countries like China. The results show that E-business application can improve the sales performance of small business, and E-business is an important factor to success.

scholarly journals Generic Strategies and Firm Performance: An Investigation of Informal Sector Micro-Enterprises in Kenya

2017 ◽  
Vol 12 (3) ◽  
pp. 148 ◽  
Author(s):  
Esther Mungai ◽  
Madara Ogot
Keyword(s):  
Developing Countries ◽  
Firm Performance ◽  
Informal Sector ◽  
Business Strategy ◽  
Business Performance ◽  
Low Cost ◽  
Business Strategies ◽  
Strategic Groups ◽  
Generic Strategies ◽  
Micro Enterprises

Micro-enterprises (MEs) have been shown to collectively be the largest employer in most developing countries thus playing a significant role in the countries economies. Using informal sector micro-enterprise furniture makers (wood and metal) in Nairobi, Kenya and based on Porter's competitive business strategies typology, this study sought to determine if the strategies employed by the informal sector MEs fit within the typology framework, and if membership within the strategic groups in the typology are a predictor of better business business performance. From the study, although membership within the two focus strategic groups of differentiation and low cost was confirmed, unlike studies done with medium and large enterprises, membership was not found to be a predictor of better business performance. Porter's typology may therefore not adequately capture the competitive business activities relevant to and directly by MEs, presenting an opportunity for research into the development of competitive business strategy typologies directly derived from their activities and therefore applicable to them.

scholarly journals Innovation for the future of Irish MedTech industry: retrospective qualitative review of impact of BioInnovate Ireland’s clinical fellows

2017 ◽  
Vol 4 (1) ◽  
pp. 32-38 ◽  
Author(s):  
Elizabeth Kate McGloughlin ◽  
Paul Anglim ◽  
Ivan Keogh ◽  
Faisal Sharif
Keyword(s):  
Clinical Practice ◽  
Business Strategy ◽  
Clinical Medicine ◽  
Chief Executive ◽  
Multidisciplinary Teams ◽  
Full Time ◽  
Clinical Innovation ◽  
Part Time ◽  
Time Basis ◽  
The Impact

Clinicians have historically been integral in innovating and developing technology in medicine and surgery. In recent years, however, in an increasingly complex healthcare system, a doctor with innovative ideas is often left behind. Transition from idea to bedside now entails significant hurdles, which often go unrecognised at the outset, particularly for first-time innovators. The BioInnnovate Ireland process, based on the Stanford Biodesign Programme (Identify, Invent and Implement), aims to streamline the process of innovation within the MedTech sector. These programmes focus on needs-based innovation and enable multidisciplinary teams to innovate and collaborate more succinctly. In this preliminary study, the authors aimed to examine the impact of BioInnovate Ireland has had on the clinicians involved and validate the collaborative process. To date, 13 fellows with backgrounds in clinical medicine have participated in the BioInnovate programme. Ten of these clinicians remain involved in clinical innovation projects with four of these working on Enterprise Ireland funded commercialisation grants and one working as chief executive officer of a service-led start-up, Strive. Of these, five also remain engaged in clinical practice on a full or part-time basis. The clinicians who have returned to full-time clinical practice have used the process and learning of the programme to influence their individual clinical areas and actively seek innovative solutions to meet clinical challenges. Clinicians, in particular, describe gaining value from the BioInnovate programme in areas of ‘Understanding Entrepreneurship’ and ‘Business Strategy’. Further study is needed into the quantitative impact on the ecosystem and impact to other stakeholders.

scholarly journals ALIGNMENT BETWEEN THE SUPPLY, MANUFACTURING AND DISTRIBUTION STRATEGIES AND THE BUSINESS STRATEGY

2010 ◽  
Vol 3 (2) ◽  
pp. 44 ◽  
Author(s):  
Margareth Rodrigues de Carvalho Borella ◽  
Antônio Domingos Padula
Keyword(s):  
Business Strategy ◽  
Business Performance ◽  
Low Cost ◽  
Business Strategies ◽  
Profile Deviation ◽  
Cost Strategy ◽  
Low Cost Strategy ◽  
The One ◽  
High Degree ◽  
The Relationship

The study aims to identify the degree of alignment between the supply, manufacturing and distribution practices on the one hand and the generic business strategies suggested by Porter (1996): differentiation, low cost, focus on differentiation and focus on low cost on the other and to obtain some insights into how these relationships influence business performance. The gestalt and profile deviation (Venkatraman, 1989) approaches were used to identify the relationship between practices and the degrees of alignment in the respective strategy groups. When compared to other strategy groups, the group of companies predominantly devoted to the Focus on Low Cost strategy (49,25%) was found to have: greater consistency in the development of practices between supply, manufacturing and distribution, a high degree of alignment of most of these practices with that strategy, a greater tendency towards achieving better business performance.

Family Influence on Business: Application of A Modified F-PEC Scale to Private Small Business In Vietnam

2013 ◽  
pp. 38-53
Author(s):  
Nam Vu Hoang ◽  
Anh Truong Tuan ◽  
Nghia Nguyen Ke
Keyword(s):  
Small Business ◽  
Factor Structure ◽  
Measurement Model ◽  
Two Dimensions ◽  
Family Influence ◽  
Cultural Aspect ◽  
Culture Dimensions ◽  
Business Application ◽  
Original Scale ◽  
Asian Context

This paper uncovers dimensions of family influence on private small business in Vietnam. Although the F-PEC scale, which comprises three subscales for power, experience and culture dimensions of family influence, has been validated in the literature, application of the scale in an Asian context, like Vietnam, may face challenges due to context differences. The study modified the original scale based on qualitative findings from five interviews with entrepreneurs and comments on the scale from business scholars. Data from a survey of 143 entrepreneurs were used for EFA, resulting in four factors. And CFA proves fitness of the measurement model of the four-factor structure to the data, in which two dimensions regarding the cultural aspect were confirmed.

Implementation of data mining as a support of business application strategy

2018 ◽  
Vol 5 (1) ◽  
pp. 47-55
Author(s):  
Florensia Unggul Damayanti
Keyword(s):  
Data Mining ◽  
Random Forest ◽  
Business Strategy ◽  
Input Parameter ◽  
Data Mining Algorithm ◽  
Complex Data ◽  
Business Decision ◽  
Marketing Department ◽  
Business Application ◽  
Complex Data Sets

Data mining help industries create intelligent decision on complex problems. Data mining algorithm can be applied to the data in order to forecasting, identity pattern, make rules and recommendations, analyze the sequence in complex data sets and retrieve fresh insights. Yet, increasing of technology and various techniques among data mining availability data give opportunity to industries to explore and gain valuable information from their data and use the information to support business decision making. This paper implement classification data mining in order to retrieve knowledge in customer databases to support marketing department while planning strategy for predict plan premium. The dataset decompose into conceptual analytic to identify characteristic data that can be used as input parameter of data mining model. Business decision and application is characterized by processing step, processing characteristic and processing outcome (Seng, J.L., Chen T.C. 2010). This paper set up experimental of data mining based on J48 and Random Forest classifiers and put a light on performance evaluation between J48 and random forest in the context of dataset in insurance industries. The experiment result are about classification accuracy and efficiency of J48 and Random Forest , also find out the most attribute that can be used to predict plan premium in context of strategic planning to support business strategy.

Halal Logistics Practices: Logistics Service Provider Cases in Indonesia

2021 ◽  
Vol 9 (1) ◽  
Author(s):  
Faridatus Saidah ◽  
Yuliani Dwi Lestari
Keyword(s):  
Service Provider ◽  
Business Strategy ◽  
Business Performance ◽  
Business Management ◽  
Structured Interview ◽  
Internal Factors ◽  
Logistics Service ◽  
Logistics Service Provider ◽  
Logistic Service ◽  
Market Driven

This study examines critical factors in affecting halal business management, particularly challenges in Halal logistics implementation faced by the logistics service provider as well as its potential and opportunities for Halal based business in Indonesia. An In-depth, semi-structured interview is conducted to deepen the understanding and to provide detailed data of the study. The study found that there are several factors influencing halal logistics implementation. In terms of business strategy, there are external and internal factors that affect halal logistics practices. Such as market-driven, perception benefit of halal logistic certification followed by customer loyalty, challenges in implementing halal logistics, the complexity of operation halal logistics, and invariably regulation factors. All of those factors have become a prior factor in implementing halal logistics practices. The findings can provide a guideline in how to implement halal logistics practices in logistic service provider business, especially in transportation and warehousing process, along with the expected result for its business performance.

scholarly journals Green Entrepreneurial Orientation and Green Innovation in Small and Medium-Sized Enterprises (SMEs)

2021 ◽  
Vol 10 (4) ◽  
pp. 136
Author(s):  
Chaiyawit Muangmee ◽  
Zdzisława Dacko-Pikiewicz ◽  
Nusanee Meekaewkunchorn ◽  
Nuttapon Kassakorn ◽  
Bilal Khalid
Keyword(s):  
Entrepreneurial Orientation ◽  
Business Performance ◽  
Least Square Method ◽  
Partial Least Square ◽  
Least Square ◽  
Green Innovation ◽  
Sustainable Business ◽  
Sustainable Performance ◽  
Medium Enterprise ◽  
Automotive Parts

Since environmental issues are becoming an integral part of business performances, policymakers and managers have started recognizing the importance of green innovation towards sustainable business performances. The role of the automotive parts industry is crucial in minimizing environmental degradation and promoting sustainable development. Yet few studies have focused on the connection between green entrepreneurial orientation and green innovation that may affect small and medium enterprise (SME) business performance. Therefore, this study aims to analyze the influence of green entrepreneurial orientation on green innovations, and its effects on sustainable business performances in the automotive parts industry in Thailand. The sample consists of 226 SMEs in the automotive parts industry in Thailand. The partial least square method (PLS-SEM) has been used for the analysis of data. The results of the study show that green innovations have the strongest influence on economic and environmental performances. This study contributes to resource-based view theory by incorporating green innovation as a strategic competency of SMEs’ performance. Further, green entrepreneurial orientation and green innovation can assist SME managers in understanding the factors leading to sustainable performance of businesses.

scholarly journals Testing the Effectiveness of CSR Dimensions for Small Business Entrepreneurs

2020 ◽  
Vol 7 (1) ◽  
pp. 6
Author(s):  
Nor Hadi ◽  
Udin Udin
Keyword(s):  
Corporate Social Responsibility ◽  
Small Business ◽  
Social Responsibility ◽  
Low Cost ◽  
Mining Area ◽  
Production Equipment ◽  
Loan Terms ◽  
The Government ◽  
Contract Implementation ◽  
Corporate Social

This article is intended to empirically test the effectiveness of the Corporate Social Responsibility (CSR) dimension of assistance to Small Business Entrepreneurs (SMEs) under companies’ guidance of Semen Indonesia in Central and East Java. Corporate Social Responsibility (CSR) implementation for Small Business Entrepreneurs (SMEs), besides as a social contract implementation, is also an effort to increase legitimacy. This study is essential to obtain effective and relevant CSR dimensions recommended for the SME empowering program. The study was conducted at SMEs domiciled around the mining area and the cement factory. Out of 250 SMEs, 92 SMEs were involved in this study. The research data was primary, including respondents’ opinions, where the data were taken using survey and interview procedures. Data analysis using statistics was a factorial analysis. The results showed that of the eight programs included in CSR in the field of assistance for empowering SMEs, two were effective for empowering SMEs: (1) low-cost revolving funds and (2) production equipment assistance for SMEs. Meanwhile, six other CSR programs showed ineffectiveness: (1) mentoring, (2) marketing, (3) ease of procedure and relief of loan terms, (4) education and training, (5) accessibility of obtaining loans, and (6) the involvement of parties in the implementation of CSR. It indicated that the six CSR programs were not effective in helping to build image and legitimacy. The results of the research make an important contribution to the government and corporations and show that the construction of CSR programs must give attention to the real conditions and needs of SMEs in order to achieve effectiveness in solving problems by SMEs. Especially for the government, regulations are needed that can systemically encourage companies to implement CSR. This research still has limitations, therefore further research should be developed, especially in the area of empirical testing related to the contextual dimensions of CSR that are relevant to assisted stakeholders. Development-based research should be considered.

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