scholarly journals INFORMATION AND COMMUNICATION TECHNOLOGY IN MANAGING SMALL AND MEDIUM ENTERPRISES IN NIGERIA

2020 ◽  
Vol 1 (2) ◽  
pp. 1-11
Author(s):  
U. H. Igboeli ◽  
H. I. Bisallah
Keyword(s):  
Communication Technology ◽  
Large Scale ◽  
Small And Medium Enterprises ◽  
Government Support ◽  
Management Process ◽  
Chi Square ◽  
Ict Adoption ◽  
Chi Square Test ◽  
Specialized Institutions ◽  
Medium Enterprises

Information Communication Technology has generally been acclaimed as an important tool exploited by medium and large-scale enterprises for boosting profitability and enhancing viability. Though Small and Medium Scale Enterprises (SMEs) constitutes a major percentage of businesses in most countries, their ICT adoption rate is still low. This study examined the role of ICT as a tool that SMEs can deploy for the economic development of Nigeria. A questionnaire was employed and administered to a total of 175 SMEs randomly chosen from five different sectors of the Nigeria economy (educational, micro finance, transport, commerce and hospitality). Chi-square test was used to evaluate the hypothesis and the findings of the research revealed that (1) low awareness level of the benefits of ICT incorporation in the management process of most SMEs has been a major cause of its low adoption; (2) poor media transmission framework,  high cost of ICT hardware, deficient government support and legislation for internet business among other factors have hindered the adoption of ICT in the management process of SMEs; (3) high cost of funds in Nigeria have also made it unprofitable for SMEs to source fund for ICT expansion and implementation. The research recommends among other measures, the investment on infrastructure and adequate incentives to promote the utilization of ICT among SMEs. Investment banks and other specialized institutions should brace up with their responsibilities and promote local industries through affordable credit schemes.

scholarly journals COMMERCIAL BANKS AND THEIR EFFECT ON SMALL AND MEDIUM ENTERPRISES FINANCING IN RWANDA: A CASE STUDY OF KIGALI CITY AND SOUTHERN PROVINCE

AGROFOR ◽  
2021 ◽  
Vol 6 (1) ◽  
Author(s):  
Mutamuliza EULARIE ◽  
Giramata AURORE
Keyword(s):  
Financial Services ◽  
Commercial Banks ◽  
Small And Medium Enterprises ◽  
Financial Industry ◽  
Chi Square ◽  
Southern Province ◽  
Start Up ◽  
Chi Square Test ◽  
The Government ◽  
Medium Enterprises

Commercial Banks worldwide are identified to be one of the key players in the financial industry that have positively affected individuals involved in business, and the economy at large, through the functions they perform in the economy. However, inadequate financing in the activities of Small and Medium Enterprises (SMEs) is still the major constraint faced by people involved in business activities. Even though the Government of Rwanda has made effort to improve the accessibility to credit, entrepreneurs still have some challenges to access financial services in order to improve their businesses. The purpose of this research was to assess the contribution of commercial banks in financing SMEs in Rwanda. A sample of 60 SMEs was selected in Kigali and Southern Province of Rwanda. Data was collected from the respondents through a structured questionnaire. The collected data were analyzed using descriptive statistics such as frequencies and percentage distributions. A Pearson Chi-Square Test was used to analyze the relationship between commercial banks and SMEs in Rwanda. The results indicated that the main purposes of loan application were start-up capital, working capital and expansion of businesses. The results also revealed that there was positive relationship between commercial banks and SMEs in Rwanda. The results revealed as well, that commercial banks in Rwanda played a crucial role in contribution to SME’s economic development and small and medium entrepreneurs who got credit from commercial banks expanded their businesses and increased their income.

Innovative Marketing Strategies for Small and Medium Enterprises of Western Madhya Pradesh (India): An Analytical Study

2020 ◽  
Vol 47 (2) ◽  
pp. 146-162
Author(s):  
Pragya Keshari
Keyword(s):  
Small And Medium Enterprises ◽  
Decisive Role ◽  
Industrial Sector ◽  
Marketing Strategies ◽  
Madhya Pradesh ◽  
Primary Data ◽  
Review Of Literature ◽  
Chi Square ◽  
Chi Square Test ◽  
Medium Enterprises

The micro, small and medium enterprises are an essential part of the Indian industrial sector. It plays a decisive role in growth and development of Indian economy. The review of literature on various aspects of small and medium enterprises (SMEs) showed that the SMEs, both in the country and other parts of the world, still rely on conventional marketing practices and, more or less, face the same types of challenges. Therefore, the present study is undertaken to examine the marketing strategies of SMEs in western Madhya Pradesh, India, and to suggest some innovative marketing practices for them to prosper. The sample consists of 439 SMEs drawn on a random basis from Indore and Dhar districts of Madhya Pradesh. The primary data are collected through a self-designed instrument with 40 items/statements, developed thorough a review of literature on the topic and personal interviews of managers of SMEs. The data are analysed using statistical tools like factor analysis and chi-square test applied with the help of Statistical Package for Social Sciences (SPSS) 20 Software. The study findings reveal that SME managers still rely on age-old practices of marketing. The article recommends some innovative marketing practices for SMEs.

Information and Communication Technology Adoption in SMEs in Sri Lanka; Current level of ICT Usage and Perceived Barriers

2021 ◽  
pp. 1040-1052
Author(s):  
Jayani Chamarika Athapaththu ◽  
Busige Nishantha
Keyword(s):  
Sri Lanka ◽  
Organizational Performance ◽  
Communication Technology ◽  
Small And Medium Enterprises ◽  
Perceived Barriers ◽  
Strategic Partner ◽  
The North ◽  
Ict Adoption ◽  
Information And Communication ◽  
Medium Enterprises

Information communication technology (ICT), considered as one of the major impacts of organizational performance and small and medium enterprises (SMEs), plays a significant role in the Sri Lankan economy as a strategic partner. Thus, the article examines current levels of ICT usage and perceived barriers to ICT adoption in SMEs in Sri Lanka. The findings revealed that despite the majority of respondents using IT for essential functions, they lacked proper internal IT infrastructures, personal motivation, had internet connection issues, trust issues, and lack of knowledge. These factors were identified as the perceived barriers to ICT adoption in SMEs in Sri Lanka. Data was collected from 67 SME owners from Sri Lanka, except the North province, in November 2016. The findings offer valuable insights to policy makers in general and to the SME owners. The methodology, implications, and suggestions are also discussed.

scholarly journals KARATERISTIK PEMBIAYAAN SYARIAH DAN KELEMBAGAAN USAHA TERHADAP PENGEMBANGAN USAHA MIKRO, KECIL DAN MENENGAH DI KOTA PADANG

2015 ◽  
Vol 4 (2) ◽  
pp. 89
Author(s):  
Neng Kamarni ◽  
Amra Ausri
Keyword(s):  
Significant Relationship ◽  
Small And Medium Enterprises ◽  
Descriptive Analysis ◽  
Financial Statements ◽  
Islamic Finance ◽  
Chi Square ◽  
Financial Reports ◽  
Chi Square Test ◽  
Quantitative Descriptive ◽  
Medium Enterprises

This research aimed to analyze the role of Islamic finance gained SMEs, institutional characteristics of the business and the characteristics of entrepreneurs to the development of Micro, Small, and Medium Enterprises in the city of Padang. The study design used descriptive approach qualitative and quantitative descriptive. Data were analyzed using analysis Crosstabulation and Chi-Square, a descriptive analysis technique.Crosstabulation based analysis and Chi-Square test, there is a significant relationship between the amount of financing, education, length of business, business development training, and the legality of the increase in revenue SMEs. While there was no significant relationship between the type of business and the ownership of the financial statements with a revenue increase of SMEs. SME revenue improvement opportunities are greatest in terms of the amount of financing. Of the 82% who obtain financing on Rp.5.000.000, 61% of SMEs could increase his income. The second biggest opportunities is occupied by SMEs that have financial statements, as many as 58% of the 84 respondents who had had financial reports may increase their income.Keyword : islamic finance, institutioal charateristics

AN INVESTIGATIVE STUDY OF THE FACTORS AFFECTING THE ADOPTION OF INFORMATION AND COMMUNICATION TECHNOLOGY IN SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA

2012 ◽  
Vol 02 (02) ◽  
pp. 01-09
Author(s):  
Irefin, I. A. ◽  
Abdul-Azeez I. A. ◽  
Tijani A. A.
Keyword(s):  
Information And Communication Technology ◽  
Communication Technology ◽  
Small And Medium Enterprises ◽  
Government Support ◽  
Management Support ◽  
Factors Affecting ◽  
Business Size ◽  
Information And Communication ◽  
Ict Infrastructure ◽  
Medium Enterprises

This study collected survey data from 20 industrial Small and Medium enterprises located in different part of Lagos state to analyze the vital influential factors affecting their adoption of Information and Communication Technology from adopter and non-adopter perspectives. A logistic regression analysis was conducted to predict the adoption inhibiting factors by the measures of Cost; Business Size; availability of ICT Infrastructure; Government support; and Management support. The results indicate that Cost is a major barrier for Small and Medium enterprises in adopting ICT. Other critical determinants also include availability of ICT infrastructure; government support; Management support and business size in that order.

scholarly journals Towards An Integrated Framework For Studying Information And Communication Technology (ICT) Adoption From A Dynamic Process Perspective

2014 ◽  
Vol 2 (2) ◽  
pp. 38-49
Author(s):  
Sunday C. Eze
Keyword(s):  
Information And Communication Technology ◽  
Communication Technology ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Ict Adoption ◽  
Adoption Research ◽  
Information And Communication ◽  
Process Perspective ◽  
Participation Process ◽  
Medium Enterprises

Information and Communication Technology (ICT) adoption research especially in small and medium enterprises (SMEs) has moved from a simple adopters’ participation process to involving diverse actors that continually interact and influence the process. Small businesses need constantly interact with various human and non-human actors to keep up with the emerging ICT development and benefit from the emerging opportunities (Eze et al 2012, Eze, 2013; Eze et al 2014). However; this has proved difficult. This paper reviews three prominent theories of ICT adoption, integrates and develops a model from them to assist researchers make substantial theoretical advancements in this area

scholarly journals Export experience and financial performance of small and medium enterprises

2016 ◽  
Vol 7 (3) ◽  
pp. 8-16
Author(s):  
Shepherd Dhliwayo
Keyword(s):  
Financial Performance ◽  
Performance Measures ◽  
Small And Medium Enterprises ◽  
Jel Classification ◽  
Chi Square ◽  
Single Item ◽  
Chi Square Test ◽  
Medium Enterprises ◽  
Performance Results ◽  
Structured Questionnaire

The aim of the article is to illustrate that export experience of small and medium enterprises (SMEs) has a statistically significant effect on financial performance. This may seem obvious, but similar studies done elsewhere have shown conflicting results. The study’s findings also show conflicting results in the three single-item performance measures used, namely, sales, profits and savings. Data from a sample of 144 exporting SMEs were collected using a structured questionnaire. Export experience is measured by years exporting, and financial performance covers a period of three years. A Chi-square test was used to measure the effect of experience on performance. Results show that export experience had a statistically significant effect on sales and profitability, but not on savings. They also show that performance in sales and profitability increased with export experience. It is, therefore, recommended that appropriate interventions to improve exports, should take export experience into account. Keywords: export experience, performance, SMEs, sales, profitability, savings, Southern African Development Community. JEL Classification: L25

Information and Communication Technology Adoption in SMEs in Sri Lanka

2020 ◽  
pp. 1193-1204
Author(s):  
Jayani Chamarika Athapaththu ◽  
Busige Nishantha
Keyword(s):  
Sri Lanka ◽  
Organizational Performance ◽  
Communication Technology ◽  
Small And Medium Enterprises ◽  
Perceived Barriers ◽  
Strategic Partner ◽  
The North ◽  
Ict Adoption ◽  
Information And Communication ◽  
Medium Enterprises

Information communication technology (ICT), considered as one of the major impacts of organizational performance and small and medium enterprises (SMEs), plays a significant role in the Sri Lankan economy as a strategic partner. Thus, the article examines current levels of ICT usage and perceived barriers to ICT adoption in SMEs in Sri Lanka. The findings revealed that despite the majority of respondents using IT for essential functions, they lacked proper internal IT infrastructures, personal motivation, had internet connection issues, trust issues, and lack of knowledge. These factors were identified as the perceived barriers to ICT adoption in SMEs in Sri Lanka. Data was collected from 67 SME owners from Sri Lanka, except the North province, in November 2016. The findings offer valuable insights to policy makers in general and to the SME owners. The methodology, implications, and suggestions are also discussed.

Information and Communication Technology Adoption in SMEs in Sri Lanka; Current level of ICT Usage and Perceived Barriers

2018 ◽  
Vol 8 (1) ◽  
pp. 1-15
Author(s):  
Jayani Chamarika Athapaththu ◽  
Busige Nishantha
Keyword(s):  
Sri Lanka ◽  
Organizational Performance ◽  
Communication Technology ◽  
Small And Medium Enterprises ◽  
Perceived Barriers ◽  
Strategic Partner ◽  
The North ◽  
Ict Adoption ◽  
Information And Communication ◽  
Medium Enterprises

Information communication technology (ICT), considered as one of the major impacts of organizational performance and small and medium enterprises (SMEs), plays a significant role in the Sri Lankan economy as a strategic partner. Thus, the article examines current levels of ICT usage and perceived barriers to ICT adoption in SMEs in Sri Lanka. The findings revealed that despite the majority of respondents using IT for essential functions, they lacked proper internal IT infrastructures, personal motivation, had internet connection issues, trust issues, and lack of knowledge. These factors were identified as the perceived barriers to ICT adoption in SMEs in Sri Lanka. Data was collected from 67 SME owners from Sri Lanka, except the North province, in November 2016. The findings offer valuable insights to policy makers in general and to the SME owners. The methodology, implications, and suggestions are also discussed.

Assessment of ICT policies for digital transformation in Colombia: technology readiness for IoT adoption in SMEs in the trading sector

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Diana Teresa Parra-Sánchez ◽  
Leonardo Hernan Talero-Sarmiento ◽  
Cesar Dario Guerrero
Keyword(s):  
Information And Communication Technologies ◽  
Small And Medium Enterprises ◽  
Descriptive Analysis ◽  
Digital Transformation ◽  
Technology Readiness ◽  
Policy Enforcement ◽  
Chi Square ◽  
Content Type ◽  
Ict Adoption ◽  
Medium Enterprises

Purpose This paper aims to assess information and communication technologies (ICT) policies for digital transformation in Colombia to determine their effectiveness in technology readiness for Internet of Things (IoT) adoption in small and medium enterprises (SMEs) in the trading sector. Design/methodology/approach The authors conducted a longitudinal study using the ICT module of the Annual Trade Survey (2017–2018) to determine the relationship between SMEs in the trading sector adopting ICT applications and ICT policy enforcement. In this sense, this study applied a chi-square test for independence and addressed a descriptive analysis to determine SMEs’ causes for adopting or rejecting ICT applications. Findings This study presents the state of ICT adoption in Colombian SMEs in the trading sector between 2017 and 2018, highlighting that technology readiness is crucial for adopting technological trends. Research limitations/implications The data source used for the study is only available for analysis one year after implementing ICT policies focused on digital transformation. Practical implications The results support the need for the National Government to formulate IoT policies that favor the adoption of e-commerce based on IoT technologies in SMEs in the trading sector. Social implications IoT adoption can mitigate e-commerce problems strengthening SMEs’ competitiveness in the trading sector leading the digital transformation in Colombia. Originality/value This study presents the need to formulate IoT policies in Colombia focused on deploying IoT applications to strengthen e-Commerce in SMEs in the trading sector.

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