Annexing a smart sustainable business growth model for small and medium enterprises (SMEs)

2022 ◽  
Vol 18 (2) ◽  
pp. 22-46
Author(s):  
Ariful Islam ◽  
◽  
Sazali Abd Wahab ◽  
Ahmad Shaharudin Abdul Latiff ◽  
◽  
...  
Keyword(s):  
Growth Model ◽  
Small And Medium Enterprises ◽  
Business Growth ◽  
Sustainable Business ◽  
Medium Enterprises

Impact of Social and Environmental Practices on SME Business Performance

2019 ◽  
Author(s):  
Maitreyee Das
Keyword(s):  
Business Performance ◽  
Government Intervention ◽  
Small And Medium Enterprises ◽  
Business Growth ◽  
Sustainable Business ◽  
Environmental Practices ◽  
Sustainability Performance ◽  
Business Operations ◽  
Social And Environmental Performance ◽  
Medium Enterprises

<p>Influence of social and environmental practices in driving business growth in case of big companies is evident. However for small and medium enterprises these aspects of business operations are grossly neglected. SMEs contribute immensely to the economic progress of a country. But a large percentage of the SMEs fail within few years of incorporation. In our paper we have tried to develop a model taking a sample of 200 SMEs from Indian leather and chemical sectors and find out how factors like collaborative approach of operation at industry level and government intervention at policy level impact their sustainability performance and how in turn their improved social and environmental performance help them to drive sustainable business growth. Empirical results of our study reveal that both government intervention and collaborative operation positively influence the firm’s sustainability performance and in turn company’s business performance is positively impacted by enhanced sustainability performance. Company size was found to have a moderating effect on this relationship</p>

Impact of Social and Environmental Practices on SME Business Performance

2019 ◽  
Author(s):  
Maitreyee Das
Keyword(s):  
Business Performance ◽  
Government Intervention ◽  
Small And Medium Enterprises ◽  
Business Growth ◽  
Sustainable Business ◽  
Environmental Practices ◽  
Sustainability Performance ◽  
Business Operations ◽  
Social And Environmental Performance ◽  
Medium Enterprises

<p>Influence of social and environmental practices in driving business growth in case of big companies is evident. However for small and medium enterprises these aspects of business operations are grossly neglected. SMEs contribute immensely to the economic progress of a country. But a large percentage of the SMEs fail within few years of incorporation. In our paper we have tried to develop a model taking a sample of 200 SMEs from Indian leather and chemical sectors and find out how factors like collaborative approach of operation at industry level and government intervention at policy level impact their sustainability performance and how in turn their improved social and environmental performance help them to drive sustainable business growth. Empirical results of our study reveal that both government intervention and collaborative operation positively influence the firm’s sustainability performance and in turn company’s business performance is positively impacted by enhanced sustainability performance. Company size was found to have a moderating effect on this relationship</p>

scholarly journals A Systematic Literature Review on Sustainability in Family Firms

2021 ◽  
Vol 13 (7) ◽  
pp. 3824
Author(s):  
Carla Curado ◽  
António Mota
Keyword(s):  
Construction Industry ◽  
Social Inclusion ◽  
Family Firms ◽  
Small And Medium Enterprises ◽  
Futures Studies ◽  
Sustainable Business ◽  
Bottom Line ◽  
Medium Enterprises ◽  
Corporate Social ◽  
Market Pressures

In this study, we explore the research published from 2015 to 2020 on the importance of family firms (FFs) to sustainability. Our results come from a content analysis of 28 studies on this topic. Further, they deal with small and medium enterprises (SMEs) in the construction industry in Italy and Spain. These studies mainly follow a quantitative approach with data from a survey. This study’s main contribution regards the identification of three sorts of aspects associated to sustainability in FFs which match the three pillars of the triple bottom line approach that supports sustainable business development: social inclusion, economic development, and environmental protection. Our findings show that the family’s religiosity, reputation, and image play relevant roles in the FFs’ adoption of sustainable practices. Moreover, the CEO and their successor’s choices also have consequences for sustainability. These studies demonstrate how the family’s control, its values, and the industry influence the adoption of corporate social responsibility (CSR) practices. FFs go green by adopting eco-innovation to adapt to the constantly changing environment and market pressures. We acknowledge the limitations of the study. We offer advice to colleagues when developing future futures studies to address the influence of cultural differences between FFs and non-FFs and suggest they perform comparative analyses. This research could lead to further investigation of the effects of other variables that may influence sustainability in the context of FFs.

scholarly journals From Barriers to Enablers: The Role of Organizational Learning in Transitioning SMEs into the Circular Economy

2021 ◽  
Vol 13 (3) ◽  
pp. 1021
Author(s):  
Sara Scipioni ◽  
Meir Russ ◽  
Federico Niccolini
Keyword(s):  
Organizational Learning ◽  
Circular Economy ◽  
Business Models ◽  
Small And Medium Enterprises ◽  
Sustainable Business ◽  
Fine Grained ◽  
Contextual Elements ◽  
Transfer And Retention ◽  
Multi Level ◽  
Medium Enterprises

To contribute to small and medium enterprises’ (SMEs) sustainable transition into the circular economy, the study proposes the activation of organizational learning (OL) processes—denoted here as multi-level knowledge creation, transfer, and retention processes—as a key phase in introducing circular business models (CBMs) at SME and supply chain (SC) level. The research employs a mixed-method approach, using the focus group methodology to identify contextual elements impacting on CBM-related OL processes, and a survey-based evaluation to single out the most frequently used OL processes inside Italian construction SMEs. As a main result, a CBM-oriented OL multi-level model offers a fine-grained understanding of contextual elements acting mutually as barriers and drivers for OL processes, as possible OL dynamics among them. The multi-level culture construct—composed of external stakeholders’, SC stakeholders’, and organizational culture—identify the key element to activate CBM-oriented OL processes. Main implications are related to the identification of cultural, structural, regulatory, and process contextual elements across the external, SC, and organizational levels, and their interrelation with applicable intraorganizational and interorganizational learning processes. The proposed model would contribute to an improved implementation of transitioning into the circular economy utilizing sustainable business models in the construction SMEs.

Islamic Financing Effects on Small Medium Enterprises Competitiveness

2021 ◽  
Vol 1 (1) ◽  
pp. 100-113
Author(s):  
Adedeji Saidi Adelekan
Keyword(s):  
Financial Services ◽  
Small And Medium Enterprises ◽  
Practical Implication ◽  
Least Square ◽  
Islamic Finance ◽  
Business Practices ◽  
Sustainable Business ◽  
Product Price ◽  
Medium Enterprises ◽  
The Impact

Islamic financing has been identified as an alternative to conventional financial services. However, the extent to which the Islamic financing model could drive small and medium enterprises' (SMEs) competitiveness has been a significant concern in the existing literature. Hence, this study investigates the impact of Islamic financing on SMEs' competitiveness.Adopting the survey research design, the study investigated 400 SME owners/managers in the Southern part of Nigeria. The study employed the ordinary least square regression in the analysis of data. The result establishes that Islamic finance is a significant driver of SMEs' competitiveness. The results specifically reveal that Islamic finance is critical in driving product price, customer experience, and quality of products. The practical implication of Islamic finance may reduce its operational cost since it comes at a no-interest rate while giving room for more innovative prices and customer-centric products at competitive prices. SMEs are to leverage on the opportunities provided by Islamic finance for them to adopt sustainable business practices 

Knowledge Management in Small and Medium Enterprises

2015 ◽  
pp. 1-20 ◽  
Author(s):  
Neeta Baporikar
Keyword(s):  
Knowledge Management ◽  
Supply Chains ◽  
Intellectual Capital ◽  
Small And Medium Enterprises ◽  
Physical Capital ◽  
Sustainable Business ◽  
Multinational Organizations ◽  
Technological Advances ◽  
Knowledge Intensive ◽  
Medium Enterprises

Today, success and worth of a business depend more on intellectual capital than physical capital. Hence, knowledge that exists within an organization is a sustainable source of competitive advantage, which makes Knowledge Management (KM) a critical input in the growth of any organization and more so in the case of Small and Medium Enterprises (SMEs). Even though much has been researched and written on the subject of knowledge management in large and multinational organizations, very little focus and research has been done on KM in SMEs. Globalization of supply chains, rapid technological advances, superior returns on intellectual capital, and the growing importance of knowledge-intensive industries make KM a strategic tool in the growth and success of all businesses. Access and integration of SMEs with regional, national, and international supply chains require bridging the gaps between the requirements of supply chains and efficiency of SMEs' KM systems. KM-enabled SMEs are essential for competitive and sustainable growth. Hence, a judicious approach for KM in SMEs is a must in the current scenario. The overall mission of this chapter is to aid researchers in recognizing and understanding the knowledge management spectrum for small and medium enterprises in a globalized world. This would be indispensable for successful goal attainment and sustainable business in a contemporary complex economy.

Impact of policy initiatives and collaborative synergy on sustainability and business growth of Indian SMEs

2020 ◽  
Vol 13 (3) ◽  
pp. 607-627 ◽  
Author(s):  
Maitreyee Das ◽  
Krishnamachari Rangarajan
Keyword(s):  
Small And Medium Enterprises ◽  
Company Size ◽  
Growth Data ◽  
Business Growth ◽  
Sustainable Business ◽  
Content Type ◽  
Policy Initiatives ◽  
Sustainability Performance ◽  
Business Operations ◽  
Sustainability Practices

Purpose The influence of sustainability practices, especially those related to the environment and society in driving business growth is evident from the annual sustainability reports of big corporations. Also, there has been a plethora of research relating sustainability performance to the financial performance of these companies. However, in the case of small and medium-sized enterprises, a very limited research study has been done so far considering the societal and environmental aspects of their business operations. Small and medium enterprises (SMEs), especially those in the emerging economy have grossly neglected their responsibilities and obligations towards the environment and society. SMEs are considered as growth engines for any nation. However, literature has shown that a large percentage of SMEs across the world fail within a few years of their incorporation. This paper aims to verify the relationship between sustainability performance and business growth for SMEs in the developing economy. Design/methodology/approach In the paper, the authors have tried to develop a model taking a sample of 200 SMEs from Indian leather and chemical sectors and find out how the factors like collaborative synergy and government policy initiatives impact the sustainability performance of small and medium firms and how in turn, their improved sustainability performance helps them to drive sustainable business growth. Data were mainly collected through primary survey and also from the company websites. Findings Empirical results of the study reveal that both policy initiatives and collaborative synergy positively influence the firm’s sustainability performance and, in turn, the company’s business growth is positively impacted by their enhanced sustainability performance. Company size was found to have a moderating effect on this relationship. Originality/value There are theoretical and conceptual papers elaborating on the importance of adoption of sustainability practices in SME business operations but no empirical study has been conducted to mathematically relate the factors of sustainability and business growth. The authors have tried to build a model relating the factors of sustainability improvement with those of the business growth of the firm and also verified the influence of control variables like company size on the proposed relationship.

scholarly journals Implementing TRIZ with Supply Chain Management in New Product Development for Small and Medium Enterprises

Processes ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 614
Author(s):  
Yun-Sheng Lin ◽  
Mingchih Chen
Keyword(s):  
Supply Chain ◽  
New Product Development ◽  
Small And Medium Enterprises ◽  
Value Added ◽  
New Product ◽  
Sustainable Business ◽  
Chain Management ◽  
Business Operation ◽  
Medium Enterprises ◽  
Value Added Products

Due to the impact of globalization, the competition between enterprises has become fierce and led the supply chains of many industries to be reorganized. One of the consequences is that the operation of many small and medium enterprises (SMs) had become very difficult. Hence, many of SMEs in Taiwan have gone bankrupt and some of them have moved to other places where they have lower production costs, in order to survive; this not only hollowed out the industries but also disconnected the supply chains in their mother countries. Because Taiwan’s SMEs are generally poor in innovation, this study explored the implementation of the theory of inventive problem-solving (TRIZ) with alignment of new product development (NPD) and supply chain management (SCM) to strengthen the innovation and productivity of new products, so that SMEs can refer to its use to aid sustainable business operation. We considered an SME in Taiwan as a case to study and investigate the strategies that it employed to achieve survival and sustainability. By examining the practical applications of the NPD of the case company, which was based on the TRIZ and NPD SCM alignment, we found that value-added products may be created despite unfavorable industry environments, by implementing and coordinating the TRIZ and three product-related variables, namely innovating, modularity, and variety. This study explored practical alternatives for SMEs to develop various value-added products that meet customers’ changing requirements and succeed in competitive markets to achieve a sustainable business operation. Considering SMEs are crucially important to the economic equality and development of countries and that SMEs may only survive for a short time when operating in changing supply chain environments, this study can be used as a reference for the management of SMEs and future academic research in related fields.

scholarly journals ISO 14001 and 26001, Agents of Change in the SMEs

2018 ◽  
Author(s):  
Luis Enrique Valdez-Juárez ◽  
Elva Alicia Ramos-Escobar ◽  
Dolores Gallardo-Vázquez ◽  
Edith Patricia Borboa-Álvarez
Keyword(s):  
Small And Medium Enterprises ◽  
Ordinary Least Squares ◽  
Iso 14001 ◽  
Business Strategies ◽  
Long Term Results ◽  
Business Success ◽  
Sustainable Business ◽  
Agents Of Change ◽  
The One ◽  
Medium Enterprises

At present, business strategies in SMEs (Small and medium enterprises) are crucial for consolidation in highly competitive markets, in achieving a better image and in business profitability. One of the strategies that have the most success and business success are sustainable practices and social responsibility such as: ISO 14001 and ISO 26001. The literature related to sustainable business is based mainly on the theory of resources and capabilities, and in theory based on Stakeholders. These currents state that companies should focus on profitable strategies to ensure significant and long-term results, in order to achieve organizational and financial results for stakeholders. In this work, the sample consists of 215 companies from the commerce, services and industry sectors, located in the southern region of the State of Sonora in Mexico. The objective of the work is to analyze the influence of ISO 14001 and 26001 standards on the image and profitability of SMEs. The statistical analysis of the data has been carried out through the linear regression technique by OLS (Ordinary Least Squares). The findings prove that the ISO 14001 standard is the one that most influences the improvement of the business image and the level of profitability of the SME. In addition, we discovered that ISO 26001 has a partial influence on the image and profitability of the SME.

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