scholarly journals The status of strategic planning in Small and Medium Enterprises: Priority of afterthought?

2012 ◽  
Vol 5 (1) ◽  
pp. 34 ◽  
Author(s):  
Corrinne Thompson ◽  
Maria Bounds ◽  
Geoff Goldman
Keyword(s):  
Strategic Management ◽  
Small And Medium Enterprises ◽  
Structured Interviews ◽  
Strategy Formulation ◽  
Strategy Formation ◽  
The Status ◽  
Qualitative Descriptive ◽  
The Difference ◽  
Medium Businesses ◽  
Medium Enterprises

<p>Small and medium enterprises (SMEs) are faced will many challenges, and the development of a sound strategy for the SME could define how these challenges are met which, in turn, could mean the difference between success or failure of the enterprise. If a sound strategy is major contributing factor to the success of a small business, but the evidence of sound strategic management (as taught in universities and business schools) is not present in successful SME’s, one could question the way strategic management is conceptualised. The study thus aims to gather a greater understanding of strategic management – and strategy formulation practices in particular – within SME’s. The study employed a qualitative, descriptive design with semi-structured interviews conducted with 12 SME owners in Gauteng. Findings reveal that the majority of participants were in favour of and supported the notion of having a strategy for small and medium enterprises, but none of them made reference to a formal process regarding strategy formation.</p><p><strong>Key words:</strong> Strategy; strategy formulation, small and medium businesses; planning; qualitative research</p>

scholarly journals Strategic Planning in Small and Medium Enterprises (SMEs): A Case Study of Botswana SMEs

2017 ◽  
Vol 8 (1) ◽  
pp. 74 ◽  
Author(s):  
Nomsa Sisi Majama ◽  
Tebogo Israel ‘Teddy’ Magang
Keyword(s):  
Strategic Planning ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
Policy Decision ◽  
Structured Interviews ◽  
Business Decisions ◽  
The Status ◽  
Low Performance ◽  
Medium Enterprises ◽  
Medium Firms

Although small and medium enterprises contribute immensely to the economy of a country, they are characterised by low performance and high failure rate which is often blamed on lack of resources such as funds, land and skilled labour. Many business management specialists argue that even on the availability of such resources, some SMEs still fail due to lack of strategic planning. Extent literature indicates that formal strategic planning improves business performance as it involves deriving a game plan that enables SMEs to anticipate and respond to the turbulent market by arranging their resources and capabilities accordingly. As such, this research investigates the status of strategic planning by SMEs in Botswana. The study also investigates the perceived value of Strategic Planning by SME owner managers, and the extent of planning as well as identifying the barriers that prevent effective strategic planning. Using semi-structured interviews of 36 Small and Medium firms selected across several sectors, the study finds that strategic planning efforts do exist within SMEs but most of these firms engage in strategic planning activities to a limited extent. The study also finds several barriers, which contribute to lack of strategic planning. For instance, the study finds that most SME owner/managers have limited knowledge in the area of strategic planning. Some indicated that they do not plan because of the size of the business. Whereas some admitted that they still possess the traditional based thinking where most business decisions are based on intuition. The findings of this study have implications for policy decision makers and SME owner managers.

scholarly journals EVALUASI PENYALURAN BANTUAN KREDIT BERGULIR PADA USAHA KECIL DAN MENENGAH DI KECAMATAN TERING KABUPATEN KUTAI BARAT

2017 ◽  
Vol 4 (1) ◽  
pp. 1
Author(s):  
Ainun Jariah ◽  
Masjaya . ◽  
Djumadi .
Keyword(s):  
Small And Medium Enterprises ◽  
Interactive Model ◽  
Qualitative Descriptive ◽  
Medium Businesses ◽  
Medium Enterprises

The purpose of this research is to describe and evaluate the distribution of soft loan on small and medium enterprises in Tering District West Kutai, as well as to find the factors that support and hinder the enterprise. This research uses a qualitative descriptive with Interactive Model developed by Miles and Huberman, while research conducted in the District Tering. From the research it is showed that, not all small and medium businesses could take advantage of this assistance. 

scholarly journals INTENSI UKM DALAM ADOPSI FINANCIAL TECHNOLOGY DI JAWA TIMUR

2018 ◽  
Author(s):  
Auditia Setiobudi ◽  
Trianggoro Wiradinata
Keyword(s):  
Influencing Factors ◽  
Small And Medium Enterprises ◽  
Structured Interviews ◽  
Descriptive Data ◽  
Research Framework ◽  
Qualitative Descriptive ◽  
Medium Enterprises ◽  
Financial Technology

<p align="center"><strong><em>ABSTRACT:</em></strong></p><p align="center"> </p><p><em>Small and Medium Enterprises (SMEs) is one of the pillars and strengths that contribute to the Indonesian economy. SMEs in Indonesia began to grow because of the growing technology. One of the supporting factors is the business of Financial Technology (fintech). This study aims to find out the factors that affect the intention of SMEs (vendors) in terms of the use of Financial Technology in the form of cashless payment applications (for the example: OVO, T-Cash, and so on). This research uses semi-structured research framework with T-O-E (Technology - Organization - Environment) approach. The method used is qualitative descriptive. Data on influencing factors are obtained from semi-structured interviews to describe the phenomenon of application-based cashless payment. Validity is tested with source triangulation. An approach is needed to determine the factors that most influence the acceleration of adoption of financial technology. Once these factors are known, step approach and development will be easier to do.</em></p><p align="center"> </p><p><strong><em>Keywords: </em></strong><em>Financial Technology, SME, intention, Small and Medium Enterprises<strong> </strong>(SMEs)</em></p>

scholarly journals Strategy formulation amongst small and medium manufacturing enterprises: An emerging market case study

2021 ◽  
Vol 10 (1) ◽  
pp. 158-166
Author(s):  
Mugove Mashingaidze ◽  
Maxwell A. Phiri ◽  
Mapeto Bomani
Keyword(s):  
Emerging Markets ◽  
Small And Medium Enterprises ◽  
Emerging Market ◽  
Structured Interviews ◽  
Strategy Formulation ◽  
Guided Practice ◽  
Manufacturing Enterprises ◽  
Process Perspective ◽  
Medium Enterprises

Strategy formulation has traditionally been associated with large corporates (Damke, Gimenez, & Damke, 2018). The literature on strategy formulation is rich, but this literature does not capture the intricacies of small and medium enterprises (SMEs) in emerging markets (Ahmed & Mukhongo, 2017). The study aims to gain an understanding of strategy formulation practices among the SMEs in emerging markets, particularly Zimbabwe. The philosophy of interpretivism guided the study. The study adopted a qualitative case study strategy in which data collection was conducted through semi-structured interviews with 15 manufacturing SME owners/managers in Harare, Zimbabwe. The results of the study revealed that the majority of participants understand strategy formulation and are greatly involved in strategy formulation. However, the study revealed that strategy formulation is not logically and systematically done thus does not resemble the conventional textbook strategic formulation models. Theoretically, the findings revealed that strategy formulation in SMEs is both an externally (market-based) and internally (resource-based) guided practice. The study advises SMEs to balance professionalism and responsiveness when strategising, that is balancing the process perspective with the learning perspective. The study was conducted in one city; similar studies could be conducted in other parts of the world to find similarities and differences.

scholarly journals Identification of strengths and barriers among Pakistani SMEs: A financial management viewpoint

2017 ◽  
pp. 110-120
Author(s):  
Asif Ali Shah Et al.,
Keyword(s):  
Financial Management ◽  
Financial Risk ◽  
Management Practices ◽  
Small And Medium Enterprises ◽  
Study Finding ◽  
Structured Interviews ◽  
Agriculture Sector ◽  
External Capital ◽  
The Status ◽  
Medium Enterprises

In Pakistan, Small and Medium Enterprises (SMEs) are considered as key indicators of the status of the national economy through contributing 90% in total businesses establishments and 80% employments in the non-agriculture sector. Pakistani government with the assistance of Small and Medium Enterprise Development Authority (SMEDA) and other associated organizations are undertaking multiple activities to boost awareness and importance of adopting prudent financial management practices by SMEs. This research endeavor aimed at exploring the strengths and barriers faced by SMEs in planning and undertaking sound financial management practices. Keeping in view the exploratory nature of this research, based on qualitative research paradigm, semi-structured interviews were conducted with managers/owners of thirty SMEs. The study findings demonstrated that the component of capital found to act as strength and barrier among SMEs. On one side, the absence of external capital (loan) appeared beneficial for SMEs due to minimizing financial risk for the business and offering more freedom to managers in their decision making without having any fear regarding any restrictions imposed by external finance. However, on the other side, lack of financial resources due to having difficulty in acquiring external capital (loan) might restrict SMEs capability to undertake viable business opportunities. This study highlights the crucial role of adopting appropriate financial management practices in developing a sound capital structure for SMEs. This study finding could provide useful insight to SMEs pertinent to dealing with multiple business challenges and acquiring sustainable profitability.

Kewirausahaan (Entreprenuership) Berbasis Manajemen Strategik bagi Wirausaha Baru di Kecamatan Kebayoran Lama Utara, Jakarta Selatan

2018 ◽  
Vol 1 ◽  
pp. 333
Author(s):  
Sintha Wahjusaputri ◽  
Ahmad Faisal Siregar
Keyword(s):  
Strategic Management ◽  
Community Organization ◽  
Small And Medium Enterprises ◽  
Group Discussion ◽  
Family Welfare ◽  
Start Up ◽  
Work Community ◽  
New Business ◽  
Medium Enterprises ◽  
Creativity And Innovation

Entrepreneurship (entrepreneurship) is a process of applying creativity and innovation in solving problems and finding opportunities to improve life (business and work). Community service activities are focused on small and medium enterprises (SMEs) built by PKK through UP2K in Kebayoran Lama Utara sub-district, in the form of food culinary, clothing, transportation and new business (start-up company). Business people as many as 30 people from various businesses. Methods used: (1) Survey; (2) Focus Group Discussion (FGD); (3) Briefing (Community Organization); (4) Community Development; (5) Learning Methods; and (6) Advocacy. The findings obtained are: (1) nine out of 10 organizations failed to realize SMEs due to no rest; (2) there are 5% of participants who understand the strategic plan; (3) 60% of organizations do not have realization budgets. The objectives of entrepreneurship based on strategic management are: (1) achievement of family economic effort improvement through group / individual business, so as to increase income and family welfare; (2) enhancing the capabilities and qualities of new entrepreneurs; (3) increasing knowledge, skills and skills for new entrepreneurs; (4) fostering groups of community or pre-cooperative economic enterprises in order to improve the family and community economy. Strategic management-based entrepreneurship is expected to promote effective and efficient SMEs for new entrepreneurs.

scholarly journals Spatial Conditions Supporting Sustainable Development of Enterprises on Local Level

2021 ◽  
Vol 13 (4) ◽  
pp. 2292
Author(s):  
Aneta Ptak-Chmielewska ◽  
Agnieszka Chłoń-Domińczak
Keyword(s):  
Social Insurance ◽  
Small And Medium Enterprises ◽  
Local Level ◽  
Principal Component ◽  
Sources Of Information ◽  
Clustering Methods ◽  
Significant Information ◽  
The Status ◽  
Medium Enterprises ◽  
High Share

Micro, small and medium enterprises (MSMEs) represent more than 99% of enterprises in Europe. Therefore, knowledge about this sector, also in the spatial context is important to understand the patterns of economic and social development. The main goal of this article is an analysis of spatial conditions and the situation of MSMEs on a local level using combined sources of information. This includes data collected in the Social Insurance Institution and Tax registers in Poland, which provides information on the employment, wages, revenues and taxes paid by the MSMEs on a local level as well as contextual statistical information. The data is used for a diagnosis of spatial circumstances and discussion of conditions influencing the status of the MSMEs sector in a selected region (voivodeship) in Poland. Taxonomy methods including factor analysis and clustering methods based on k-means and SOM Kohonen were used for selecting significant information and grouping of the local units according to the situation of the MSMEs. There are eight factors revealed in principal component analysis and five clusters of local units distinguished using these factors. These include two clusters with a high share of rural local units and two clusters with a high share of rural-urban and urban local units. Additionally, there was an outstanding cluster with only two dominant urban local units. Factors show differences between clusters in the situation of MSMEs sector and infrastructure. Different spatial conditions in different regions influence the situation of MSMEs.

Revisiting presenteeism to broaden its conceptualization: A qualitative study

Work ◽  
2021 ◽  
pp. 1-13
Author(s):  
Mouna Knani ◽  
Pierre-Sébastien Fournier ◽  
Caroline Biron
Keyword(s):  
Work Environment ◽  
Small And Medium Enterprises ◽  
Methodological Approach ◽  
Individual Characteristics ◽  
Small Enterprises ◽  
Structured Interviews ◽  
Depth Analysis ◽  
Holistic Interpretation ◽  
Medium Enterprises ◽  
Negative Factors

BACKGROUND: Presenteeism is generally viewed as a symptom of organizational or individual dysfunction and is rarely considered as a behavioral response to positive triggering factors. Our study examines this issue in small enterprises (SEs), which are an unexplored environment in terms of presenteeism. OBJECTIVE: Through in-depth analysis, this study aims to understand the positive and negative factors that impact presenteeism in the context of small and medium enterprises (SMEs), with a particular focus on SEs. METHODS: We adopt a qualitative methodological approach in which we conducted 17 semi-structured interviews with employees and owner-managers of SEs with between 20 and 49 employees. RESULTS: Our thematic analysis shows that presenteeism can be explained by factors related to pressure to attend work, by individuals’ constraints and commitment, by organizational and individual characteristics and by a congenial work environment. Presenteeism can also be a type of “therapy” which helps individuals to avoid focusing on being sick and enables them to stay active and avoid social isolation. CONCLUSIONS: Our study differs from earlier research by providing a more in-depth analysis of the positive and negative factors that trigger presenteeism. This article will help to expand the current theoretical knowledge about presenteeism and encourage a more holistic interpretation of the phenomenon.

scholarly journals The Innovation Type and Strategy Implemented by Chinese SMEs: Case Study of Manufacturing Industry in Shanghai

2017 ◽  
Vol 8 (2) ◽  
pp. 907-915
Author(s):  
Khaled Mohammed Alqahtani
Keyword(s):  
Manufacturing Industry ◽  
Organizational Innovation ◽  
Small And Medium Enterprises ◽  
Point Of View ◽  
Innovation Strategy ◽  
Structured Interviews ◽  
Cluster Strategy ◽  
Medium Enterprises ◽  
Social Wealth ◽  
Innovation Type

In China, small and medium enterprises (SMEs) play a crucial role in economic development and social wealth in terms of GDP growth, employment creation and poverty alleviation. In the age of technology and information, innovation has been regarded as one of the most significant drivers for the growth and prosperity of SMEs. Therefore, it is necessary for SMEs to implement innovation strategy, which would help them to initiate new products, adopt new processes and increase their competitiveness. From this point of view, this study attempts to identify the innovation situation of Chinese SMEs with regard to innovation type as well as innovation strategy. The research data is collected through structured questionnaires and semi-structured interviews from SMEs of manufacturing industry in Shanghai, China. According to the data results, process innovation and marketing innovation are adopted more frequently than product innovation and organizational innovation by Chinese SMEs. This study also demonstrates most SMEs in China implement free-riding strategy; some of them adopt niche strategy; and few SMEs practice cluster strategy. Although innovation is increasingly important for Chinese SMEs, their implementation of innovation strategy is not highly effective and successful.

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