Exploring the Determinants of Technology Innovation in MSMEs

2014 ◽  
Vol 13 ◽  
pp. 103-115
Author(s):  
Davinder Singh ◽  
Jaimal Singh Khamba ◽  
Tarun Nanda
Keyword(s):  
Economic Growth ◽  
Technological Innovation ◽  
Significant Role ◽  
Significant Contribution ◽  
Technology Innovation ◽  
Small And Medium Enterprises ◽  
Manufacturing Performance ◽  
Competition Situation ◽  
Medium Enterprises ◽  
National Economies

Micro, Small and Medium Enterprises (MSMEs) make a significant contribution, by reducing unemployment in India. They need to operate efficiently and productively in order to maximize their contribution to nation, as well as national economies. MSMEs play a significant role in the economic growth of the country owing to production, exports and employment. They contributes 8% to the countrys GDP, 45 % to manufactures output and 40% to the countrys exports. It provides employment to 60 million people. The aggressive competition situation arising out of globalization and liberalization is forcing the organization across the globe to realize that their survival is not feasible in the absence of technological innovation. Technology innovation reflect a critical way in which organization respond to either technological or market challenges. Therefore, the importance of technology innovation in organizations competitiveness is an undeniable fact. The literature reveals that most significant determinants of technology innovation associated with MSMEs are technological collaboration and monetary management. These determinants are relatively significant in improving the manufacturing performance of MSMEs.

Supporting Small and Medium Enterpries to Access Technological Innovation State Fund: International Experience and Lessons for Vietnam

2018 ◽  
Vol 34 (1) ◽  
Author(s):  
Huong Vu Thanh ◽  
Thu Anh Nguyen ◽  
Mai Thi Thanh Nguyen
Keyword(s):  
Developing Countries ◽  
Technological Innovation ◽  
Financial Support ◽  
Technology Innovation ◽  
Small And Medium Enterprises ◽  
International Experience ◽  
Advanced Technologies ◽  
Medium Enterprises ◽  
Developed Nations ◽  
State Fund

Technological innovation state funds supporting small and medium enterprises (SMEs) are not common in the developing countries like Vietnam, but are common in the developed nations like the European countries and Korea. The financial and non-financial support of these funds has contributed significantly to the development of many SMEs. Learning from the funds which have successfully facilitated SMEs in innovating and developing advanced technologies is meaningful to the Vietnamese sicence and techonology management bodies and state funds. This article will review the experience of some typical fund in supporting SMEs, thereby providing some lessons for technology innovation Funds of Vietnam to create a more favorable environment for SMEs to access funds.

scholarly journals Micro, Small, and Medium Enterprises (MSME’s) IN THE MIDDLE OF THE COVID-19 PANDEMIC

2021 ◽  
Author(s):  
Safitri Sugiarto
Keyword(s):  
Economic Growth ◽  
Significant Role ◽  
Small And Medium Enterprises ◽  
Annual Basis ◽  
Medium Enterprises ◽  
Central Statistics

Based on the data above, it can be said that MSMEs have a significant role in the Indonesian economy. However, this has changed because since 2020 the performance of MSMEs has been affected by the COVID-19 pandemic. This is unavoidable, as we know the Indonesian economy has also experienced a decline due to the COVID-19 pandemic. The Central Statistics Agency noted that economic growth throughout 2020 contracted 2.07 percent on an annual basis. The contraction was caused by the weakening in various sectors as a result of the COVID-19 pandemic.

scholarly journals Impact of Technology Adoption on the Performance of Small and Medium Enterprises in India.

2018 ◽  
pp. 857-867
Author(s):  
Dr. Arif Anjum
Keyword(s):  
Technology Adoption ◽  
Technological Innovation ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
Organization Size ◽  
Manufacturing Performance ◽  
Supply Relationship ◽  
Formal Strategy ◽  
Impact Of Technology ◽  
Medium Enterprises

Technological innovation is believed to improve organization’s performance stimulates growth and the survival of the organization. Many factors influence the SME performance on technology adoption, such as formal strategy, Organization size, customer and supply relationship, technical capabilities, innovative cost and innovative support. The current study examines the performance of SMEs on technology adoption. It also examines the business performance along with the manufacturing performance of SMEs on adoption of newer technologies. The study uses logistic regression and linear regression to estimate manufacturing and business performance of SMEs. The results convey that the adoption of technologies by SMEs influence their manufacturing performance. Further, it can be concluded that, drivers of technology adoption partly influence the business performance of SMEs.

scholarly journals Economic Growth, Increasing Productivity of SMEs, and Open Innovation

2021 ◽  
Vol 7 (1) ◽  
pp. 20
Author(s):  
Batara Surya ◽  
Firman Menne ◽  
Hernita Sabhan ◽  
Seri Suriani ◽  
Herminawaty Abubakar ◽  
...  
Keyword(s):  
Economic Growth ◽  
Human Resource ◽  
Technological Innovation ◽  
Small And Medium Enterprises ◽  
Growth Strategy ◽  
Government Policies ◽  
Human Resource Capacity ◽  
Quantitative And Qualitative Research ◽  
Medium Enterprises ◽  
Resource Capacity

The empowerment of small and medium economic enterprises will drive economic growth. The purpose of this study is to analyze (1) how economic growth works as a determinant of increasing the productivity of small and medium enterprises; (2) the influence of government policies, business capital support, and the strengthening of human resource capacity on the development of small and medium enterprises (SMEs); and (3) strategies to increase business productivity and the sustainability of SMEs. We used a sequential explanatory design, which is a combination of quantitative and qualitative research, and data were obtained through observation, in-depth interviews, surveys, and documentation. The results of the study indicate that economic growth coupled with technological innovation will boost the productivity of economic enterprises and increase people’s welfare. Government policies, business capital support, and human resource capacity strengthening simultaneously have a positive effect on the development of SMEs, with a determination coefficient of 97.6%. Based on the results of this study, an economic growth strategy based on technological innovation is recommended for government decision making as an effort to increase the productivity of community economic enterprises in Makassar City, Indonesia.

scholarly journals Impact of Technology Adoption on the Performance of Small and Medium Enterprises in India

2019 ◽  
pp. 1284-1294
Author(s):  
Dr. Arif Anjum
Keyword(s):  
Technology Adoption ◽  
Technological Innovation ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
Organization Size ◽  
Manufacturing Performance ◽  
Supply Relationship ◽  
Formal Strategy ◽  
Impact Of Technology ◽  
Medium Enterprises

Technological innovation is believed to improve organization’s performance stimulates growth and the survival of the organization. Many factors influence the SME performance on technology adoption, such as formal strategy, Organization size, customer and supply relationship, technical capabilities, innovative cost and innovative support. The current study examines the performance of SMEs on technology adoption. It also examines the business performance along with the manufacturing performance of SMEs on adoption of newer technologies. The study uses logistic regression and linear regression to estimate manufacturing and business performance of SMEs. The results convey that the adoption of technologies by SMEs influence their manufacturing performance. Further, it can be concluded that, drivers of technology adoption partly influence the business performance of SMEs.

scholarly journals Open Innovation with Relational Capital, Technological Innovation Capital, and International Performance in SMEs

2021 ◽  
Vol 13 (6) ◽  
pp. 3418
Author(s):  
Dongwoo Ryu ◽  
Kwang Ho Baek ◽  
Junghyun Yoon
Keyword(s):  
Technological Innovation ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Hierarchical Regression ◽  
Relational Capital ◽  
Innovation Capability ◽  
Perspective View ◽  
International Performance ◽  
Medium Enterprises ◽  
The Relationship

The importance of international markets is constantly emphasized for small and medium enterprises(SMEs). In previous studies, technological innovation capabilities were emphasized as a factor that enables SMEs to compete in the international market. To this end, SMEs need to cooperate with external partners to strengthen their technological innovation capabilities to thus improve their international performance. With the perspective view of open innovation, this research explores the effects of relational capital and technological innovation capability on international performance, with a particular focus on the moderating effect of alliance proactiveness. Building on previous literature regarding internationalization, technological innovation, and alliance proactiveness, research hypotheses were developed and tested using data collected from 175 SMEs. A hierarchical regression analysis was applied. The analysis showed that, first, relational capital had a significant effect on the technological innovation capability. Second, technological innovation capability has a significant influence on the international performance. Third, technological innovation capability mediated the relationship between relational capital and international performance. Finally, alliance proactiveness was found to moderate the relationship between technological innovation capability and international performance. The key research findings imply that relational capital and alliance proactiveness are the key factors of international performance, as they improved the development of the technological innovation capability.

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.

scholarly journals New tools and opportunities in growth and climate friendly greening for small and medium enterprises in the European Union

2015 ◽  
Vol 9 (4) ◽  
pp. 25-31
Author(s):  
Xénia Szanyi-Gyenes ◽  
György Mudri ◽  
Mária Bakosné Böröcz
Keyword(s):  
Economic Growth ◽  
Environmental Sustainability ◽  
Small And Medium Enterprises ◽  
Sustainable Growth ◽  
Added Value ◽  
Easy Access ◽  
The European Union ◽  
Access To Finance ◽  
Medium Enterprises ◽  
The Eu

The role of Small and Medium Enterprises (SMEs) is unquestionable in the European economies, while financial opportunities are still inadequate for them. The more than 20 million SMEs play a significant role in European economic growth, innovation and job creation. According to the latest EC Annual Report , SMEs are accounting for 99% of all non-financial enterprises, employing 88.8 million people and generating almost EUR 3.7 tn in added value for our economy. Despite the fact that there is plenty of EU funding available for these SMEs, for certain reasons these funds hardly reach them. But we have to see that the EU supports SMEs by various way, e.g. by grants, regulatory changes, financial instrument, direct funds. On the other hand, SMEs and decision makers realised that the environmental sustainability has to be attached to the economic growth, therefore more and more tools are available for these enterprises. Over the last few years, public institutions, the market, the financial community and non-governmental associations have explicitly demanded that firms improve their environmental performance. One of the greatest opportunities might lay in the Climate- and Energy Strategy till 2030 as 20% of the EU budget is allocated to climate-related actions, however the easy access to finance is still a key question. Does the EU recognise the actual difficulties? Is there a systemic reason behind the absorption problems? Is the EU creating a more businessfriendly environment for SMEs, facilitating access to finance, stimulates the green and sustainable growth and improving access to new markets? The paper analyses the current European situation of the SMEs and the effectiveness of some new tools, which are specially targeting SMEs. JEL classification: Q18

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 MSMEs as Engine of Economic Growth in Nigeria: Challenges and Prospects of Scalability

2018 ◽  
Vol 2 (1) ◽  
pp. 1-10
Author(s):  
Emmanuel Okokondem Okon
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Developing Economies ◽  
Small And Medium Enterprises ◽  
Business Environment ◽  
Technological Systems ◽  
Economic Growth And Development ◽  
Area Of Concern ◽  
Medium Enterprises ◽  
A Company

Growing or expanding the Micro, Small and Medium Enterprises (MSMEs) sector of the economy is one key strategy to achieve economic growth and development. Micro, Small and Medium Enterprises (MSMEs) scalability (growth or expansion) have become an area of concern for economic growth in developing economies. People use the term in reference to computer or other technological systems, but those in business also use the word to describe the adaptability of a company (Thibodeaux, 2015) in today‘s fast-paced business environment where the focus on customer satisfaction is at an all-time high. This article discusses the concept of scalability as it relates to business and non-scalable components of business process as well as the importance of being scalable. It also looked at some of the challenges and practices that prevent effective scalability of MSMEs in Nigeria and the way forward.

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