scholarly journals Future Tradeoff under Fourth Industrial Revolution in Bangladesh: A Study on RMG Sector

2021 ◽  
Vol 8 (1) ◽  
pp. 198-215
Author(s):  
Maruf Hasan Rumi ◽  
Shukti Bala ◽  
A.M.M. Mubassher Shah ◽  
Md Abu Sayem ◽  
Md. Minhajul Abedin
Keyword(s):  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Export Earning ◽  
Inclusive Development ◽  
Trade Policies ◽  
Fourth Industrial Revolution ◽  
Development Goals ◽  
The Government ◽  
Medium Enterprises ◽  
Trade Market

Bangladesh's government has taken the 7th Five Year plan to implement Sustainable Development Goals (SDGs) by promoting favorable trade policies along with industrialization, digitization, and inclusive development. Hence, well-running trade is considered as the promising indicator to achieve SDGs which is growing exponentially in our country. Here, the Readymade Garment (RMG) is the most influential trading sector to contribute enormously in the export-earning. In recent times, the sector is facing massive changes due to the automation of the Fourth Industrial Revolution (FIR). To sustain in this digital competitive trade market, has become a major challenge for the small RMG industries. A huge number of Small and Medium Enterprises (SMEs) in our country have already been shut down due to automation. The large factories are also changing their manufacturing system by installing automation to cope with the demand for global competition. These are creating an unstable condition for RMG trade. The government needs to take a strategic and integrated plan immediately to gain the competitive advantage of FIR. Otherwise, Bangladesh will lose the international market for the RMGs of the country.      

Fintech Credit — Opportunities for SMEs in Vietnam

2018 ◽  
Vol 9 (6) ◽  
pp. 537-542
Author(s):  
Truong Van Khanh ◽  
◽  
Tram Bich Loc ◽  
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Business Environment ◽  
Bank Capital ◽  
Fourth Industrial Revolution ◽  
New Type ◽  
Medium Enterprises

Small and medium enterprises (SMEs) have an important role in the development of countries, especially in developing ones like Vietnam, but access to capital of this type of business is always difficult, while the support of the Vietnamese government has not been effective or negligible. However, the fourth industrial revolution (industry 4.0) have created a new type of business — Fintech companies which provide SMEs an easier way to access capital. Nevertheless, the concept of Fintech is relatively new in Vietnam and the operation of these companies implicit certain risks. Therefore, in order to help SMEs take advantage of this non-bank capital resource, the authorities are asked to promulgate laws or decrees for business environment of Fintech companies.

scholarly journals Readiness of the ASEAN Community for the 4th Industrial Revolution

2021 ◽  
Vol 17 (2) ◽  
pp. 31
Author(s):  
Pornpen Vora-Sittha ◽  
Apirada Chinprateep
Keyword(s):  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Digital Economy ◽  
Industrial Plants ◽  
Fourth Industrial Revolution ◽  
Stakeholder Perspectives ◽  
Policy Suggestions ◽  
The World ◽  
Medium Enterprises

The study explores the readiness of ASEAN Community for the world Fourth Industrial Revolution, and to propose policy suggestions for stakeholder perspectives. The methodology used is SWOT and TOWS analysis. The results of the study show that only Singapore is the readiest country to face 4IR. Rest of ASEAN members moderately prepared for the world 4IR, except Brunei, Cambodia, Laos, and Myanmar. The size of the ASEAN digital economy has the opportunity to be ranked as the world's top five in 2025, drive-by e-commerce, large industrial plants with the participation of small and medium enterprises. Singapore may face employment disruption before other countries because of its most advanced in using AI technology.

scholarly journals A Framework for Assessing Manufacturing SMEs Industry 4.0 Maturity

2021 ◽  
Vol 11 (13) ◽  
pp. 6127
Author(s):  
Afonso Amaral ◽  
Paulo Peças
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Maturity Model ◽  
Holistic Model ◽  
Maturity Models ◽  
Fourth Industrial Revolution ◽  
Medium Enterprises

Under the scenario of the fourth industrial revolution, the adoption of Industry 4.0 in the day-to-day business of small and medium enterprises (SME) entails expected challenges. Focusing primarily on more advanced levels of maturity, the existing maturity models are inadequate for assessing companies with low maturity levels, such as most of existing SMEs. A framework for a maturity model tailored to SMEs is proposed in this paper, allowing for a comprehensive and high granularity assessment of these companies’ maturity levels, which then eases their integration into this industrial revolution. The proposed holistic model considers all Industry 4.0 dimensions while being detailed enough in its initial levels to properly assess SMEs at the same time.

scholarly journals Emerging Roles of Small and Medium Enterprises in the Fourth Industrial Revolution in Africa

2021 ◽  
Vol 12 (6) ◽  
pp. 151
Author(s):  
Waliu M. Adegbite ◽  
Cookie M. Govender
Keyword(s):  
Informal Sector ◽  
Low Income ◽  
Small Businesses ◽  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Disruptive Innovation ◽  
Low Income Countries ◽  
Digital Revolution ◽  
Fourth Industrial Revolution ◽  
Medium Enterprises

The Fourth Industrial Revolution (4IR) is more than just technology-driven change, disruptive innovation impacts core industries, including the informal sector. Expectedly, the revolution will raise the level of innovation and creativity of the manufacturing SMEs through the Industrial Internet of Things (IIoT). Unfortunately, fewer studies attempted to examine the knowledge level of SME’s adoption of 4IR technologies, and their benefits to the sector in low-income countries, especially in Africa. This research paper takes a closer look at the expected roles of SMEs. It examines the emerging roles of SMEs in the 4IR towards sectoral growth and intending transformation of the informal sector in Africa. Twenty-nine studies dealing with this range of topics are examined in the framework of a systematic review. Although the reviews showed that the level of awareness on the benefits of adopting 4IR technologies in manufacturing SMEs is increasing, research has not highlighted the specific roles expected of SMEs in the digital revolution, especially in low-income countries like Africa. The study identified from the literature that if SMEs are fully transited into industry 4.0, small businesses in Africa will mobilise future jobs, create a new business model, and promote the internationalization of SME products, among others. The study proposed a framework to facilitate the role of SMEs in the 4IR. A unique regional approach towards governance and cooperation focusing on 4IR to grow the activities of the SMEs for regional development may be necessary for Africa.    Received: 27 June 2021 / Accepted: 26 September 2021 / Published: 5 November 2021

scholarly journals Observing Micro, Small, and Medium Enterprises (MSMEs) Readiness to Support Cashless Society

The Winners ◽  
2020 ◽  
Vol 21 (2) ◽  
Author(s):  
Shinta Maurizka Chairunnisa ◽  
Alfina Alfina ◽  
Annisa Yasmin
Keyword(s):  
Qualitative Research ◽  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Phenomenological Approach ◽  
Digital Transformation ◽  
Factors Affecting ◽  
The Government ◽  
Medium Enterprises ◽  
New Phenomena

Digital transformation in the era of the industrial revolution 4.0, has led to various new phenomena in today's people's lifestyle, including the payment transaction system. Realizing that Micro, Small and Medium Enterprises (MSMEs) had been one of the economy’s pillars in Indonesia, the government was trying to maximize the role of MSMEs to support the realization of a digital transaction ecosystem in Indonesia. With a phenomenological approach, the descriptive qualitative research aimed to provide in-depth observation and analysis on the readiness process of MSMEs in Tuban, East Java in adopting digital payment technology to support the realization of the trend of a cashless society. The results show that culture, social influence, and acceptance of technology are the dominant factors affecting the readiness process of MSMEs in Tuban in adopting digital payment technology.

Pengaturan Waralaba Di Indonesia: Perspektif Hukum Bisnis

Liquidity ◽  
2018 ◽  
Vol 1 (2) ◽  
pp. 159-166
Author(s):  
Muchtar Riva’i
Keyword(s):  
Government Regulation ◽  
Small And Medium Enterprises ◽  
Economic Community ◽  
The Law ◽  
The Government ◽  
Medium Enterprises ◽  
Article 5 ◽  
Laws And Regulations

The law arrangement of franchise law was first explicitly regulated by the Government Regulation No. 16 of 1997 which is then updated by Government Regulation No. 42 of 2007 to be created in an agreement that at least contains clauses as stipulated by Article 5 of the Government Regulation. However, franchise arrangements also associated with a variety of other laws and regulations applicable in Indonesia. This article is going to state that the importance of partnerships with small and medium enterprises as an effort to encourage the involvement of the wider economic community.

scholarly journals Analysing spatial interdependence among the 2011 Thailand flood-affected small and medium enterprises for reduction of disaster recovery time period

2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Shubham Pathak ◽  
Jorge Chica Olmo
Keyword(s):  
Disaster Recovery ◽  
Small And Medium Enterprises ◽  
Spatial Econometric ◽  
Middle Income ◽  
Management Planning ◽  
Accurate Perception ◽  
The Government ◽  
Medium Enterprises ◽  
Disaster Management Planning ◽  
The Impact

AbstractNatural disasters have been a significant hurdle in the economic growth of middle-income developing countries. Thailand has also been suffering from recurring flood disasters and was most which are severely affected during the 2011 floods. This paper aims to identify the various factors that impact the speed of disaster recovery among the Small and Medium Enterprises (SMEs) severely affected by the floods in Pathumthani province in central Thailand, and how it is related to its speed decision of neighbours SMEs. The methodology adopts a spatial econometric model, to analysis and understand each of the chosen factors’ impact. The findings include the impact of disaster resilience, mitigation and planning at the SME level as well as the government level. The absence of accurate perception of actual risk, flood insurance and disaster management planning before the 2011 floods had contributed to the severity of the impacts during the 2011 floods.

Analisis Dampak Toko Modern Terhadap Keberadaan Usaha Mikro, Kecil, Menengah Di Kota Padangsidimpuan

2021 ◽  
Vol 4 (1) ◽  
pp. 208
Author(s):  
Rahmat Kurniawan ◽  
Azhar Azhar
Keyword(s):  
Human Resources ◽  
Negative Impact ◽  
Positive Impact ◽  
Small And Medium Enterprises ◽  
City Government ◽  
Banking Institutions ◽  
The Government ◽  
Medium Enterprises ◽  
Role Of The Government

This research is to find out the perceptions of micro, small and medium enterprises to modern stores, MSME partnerships with modern stores, constraints, and the role of the government in overcoming the problems of modern shops and MSMEs in Padangsidimpuan City. This research is a descriptive qualitative study by conducting in-depth interviews. The results showed the perception of MSMEs towards modern stores had a negative and positive impact. The negative impact, the income of MSMEs has decreased. The positive impact, the presence of modern stores motivates MSMEs to evaluate themselves from modern stores. The partnership established by MSMEs with modern stores is the use of business locations provided by modern stores. The constraints of MSMEs are business capital, human resources, business legality, business permits and products, while the constraints of modern stores are business permits, human resources and partnerships with MSMEs. The role of the City Government of Padangsidimpuan is for modern stores, namely to give an appeal not to add to modern store outlets and to call for partnerships in terms of marketing local MSME products. For MSMEs, facilitate MSMEs with banking institutions in terms of providing venture capital, training and guidance to MSMEs, and making packaging houses.

scholarly journals Small business and its place in promoting sustainable development

2021 ◽  
Vol 250 ◽  
pp. 06007
Author(s):  
Elena Korneeva ◽  
Natalia Skornichenko ◽  
Tatiana Oruch
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Small Business ◽  
Social Life ◽  
Small And Medium Enterprises ◽  
Global Climate ◽  
Global Changes ◽  
The Sustainable Development ◽  
Development Goals ◽  
Medium Enterprises

Sustainable development is becoming a very important issue in the 21st century. Facing global changes such as the global warming, global climate change, as well as other pressing issue, all spheres of economy and social life need to take part in mitigating them and preventing disasters from happening. Our article studies the role of the small business in the above processes and the place of the small business in promoting sustainable development through its actions, public and social awareness and responsibility. We show how even small and medium enterprises can become a decisive power in tackling the climate change and promoting green thinking and sustainable awareness. This can be achieved through enhancing social responsibility of business companies which can greatly contribute to supporting the Sustainable Development Goals (SDG) and promoting sustainable economic growth.

Sign in / Sign up

Export Citation Format

Share Document