scholarly journals Sustainable Growth in SMEs: A Review from the Malaysian Perspective

2018 ◽  
Vol 8 (3) ◽  
pp. 43 ◽  
Author(s):  
Tairuddin Yusoff ◽  
Sazali A. Wahab ◽  
Ahmad S. A. Latiff ◽  
Suzana I. W. Osman ◽  
Nur F. M. Zawawi ◽  
...  
Keyword(s):  
Small And Medium Enterprises ◽  
Sustainable Growth ◽  
High Failure Rate ◽  
Total Employment ◽  
Policy Makers ◽  
Four Dimensions ◽  
The Government ◽  
Medium Enterprises ◽  
Encompassing Model

The importance of Small and Medium Enterprises (SMEs) contributions to the nations’ economies in the world is an undebatable fact. The same applies to Malaysia with 98.5% of the total business establishments being SMEs; contributing to 65.3% of total employment and 36.3% of GDP. Supports from the Government are never fading with huge allocations of budget every year but yet registering high failure rate. Sustainable growth of SMEs is long overdue. The awareness of the importance of sustainable growth of SMEs has resulted in the presence of various definitions and concepts of sustainable growth. This paper seeks to explore the literature on long-term and sustainable growth for SMEs and the enhanced knowledge on this area willbe aguidance to the policy makers, supporting agencies, advisors, entrepreneurs and academicians to seriously develop an all-encompassing model for sustainable growth of SMEs. This paper suggests an integrated sustainable growth model of SMEs with four dimensions of the economic factors.

BIG TECH BANKING

2018 ◽  
Vol 14 (4) ◽  
pp. 494-526 ◽  
Author(s):  
Miguel de la Mano ◽  
Jorge Padilla
Keyword(s):  
Financial Stability ◽  
Positive Impact ◽  
Small And Medium Enterprises ◽  
Low Cost ◽  
Consumer Welfare ◽  
Retail Banking ◽  
Policy Makers ◽  
Medium Enterprises ◽  
New Industry

Abstract In this paper we explore the likely implications of the entry of Big Tech platforms into retail banking and the appropriate response of regulators and policy makers to this new industry development. We find that the entry of Big Tech platforms may transform the banking industry in radical ways: although it may possibly increase competition to the benefit of consumers in the short term, within a few years Big Tech companies may succeed in monopolizing the origination and distribution of loans to consumers and Small and Medium Enterprises (SMEs), forcing traditional banks to become “low cost manufacturers,” which merely fund the loans intermediated by the Big Techs. This situation may harm competition, reduce consumer welfare, and bring about an increase in financial instability in the medium or long term. We analyze alternative policy responses aimed at maximizing the positive impact on consumer welfare of Big Tech entry while limiting the risk of monopolization as well as the potential adverse implications of such entry on market integrity and financial stability.

Transition to a market and entrepreneurship: the systemic factors and policy options☆

2000 ◽  
Vol 33 (2) ◽  
pp. 271-293 ◽  
Author(s):  
Grzegorz W. Kolodko
Keyword(s):  
Small And Medium Enterprises ◽  
Allocative Efficiency ◽  
Legal Framework ◽  
Institutional Arrangements ◽  
The State ◽  
Sustainable Growth ◽  
Standard Of Living ◽  
Systemic Factors ◽  
The Government ◽  
Medium Enterprises

The political and ideological concerns aside, the fundamental economic argument in favor of postsocialist transition to a market system has been a supposition that it will improve allocative efficiency and thus the competitiveness of the industries and standard of living of households. It is believed that the shift of property rights from the state to private sector must quickly facilitate such an improvement. Yet in the majority of cases, even after the first decade of transition, the economies have not returned to the path of sustainable growth. The countries tackling the issues of recovery and growth relatively better are these which were able to focus not only on de-nationalization of the state assets, but mainly on the development of venture entrepreneurship. The grass-rooted development of especially small and medium enterprises has contributed significantly to overcoming the transitional depression and then to recovery and fast growth. Yet to accomplish such a sequence specific systemic and policy conditions must be met. To facilitate such a path of development proper institutional arrangements must be executed by the governments, legal framework must be established and the government policies ought to support the rise and competitive performance of the small and medium enterprises (SME). Liberalization is a prerequisite of growth of this sector in transition economies, but is not a sufficient condition. The crucial factors involve the institutional arrangements.

scholarly journals From big business to small and medium-sized enterprises: factors and prospects

2018 ◽  
Vol 16 (2) ◽  
pp. 42-48 ◽  
Author(s):  
Anton Kvitka ◽  
Anna Kramarenko
Keyword(s):  
Organizational Structure ◽  
Service Sector ◽  
Small And Medium Enterprises ◽  
The United States ◽  
Total Employment ◽  
Economic Changes ◽  
Large Corporations ◽  
Medium Enterprises

The article considers changes in organizational structure (in the context of a shift in favor of small business), the main factors and long-term prospects of these changes. Enhancing the role of small and medium-sized enterprises (SMEs) in many countries of the world is described. The concept of SMEs, as well as the range of indicators measuring organizational structure, is defined. Modern trends that indicate the increasing role of small and medium-sized enterprises are shown. On the basis of dynamics of economic indicators in Europe and the United States, the increasing role of small and medium enterprises is investigated. It is shown that the increase in the share of the service sector is the result of market saturation. The influence of the service sector on the shifts in the organizational structure in the period of global economic changes, as well as the influence on the increasing share of more flexible and innovative small and medium-sized enterprises in total employment and income, is argued. Increased competition in the process of saturation of the market is shown as one of the factors of the development of personal needs that promote individual entrepreneurs, inventors and innovators, for whom a complex and rigid structure of large organizations is the factor which limits the growth and interferes with their becoming the engines of scientific and technological progress. It is proved that in conditions when large corporations find themselves unable to identify a new micro niche quickly, small and medium enterprises are becoming the most convenient form for the realization and promotion of innovation. The transition from the dominance of large corporations to the dominance of SMEs in the process of substitution of technological modes is investigated. The increasing role of small and medium firms in the context of long-term trends of economic development is considered.

scholarly journals Growth and Working of Micro Small and Medium Enterprises in India: An Overview

2021 ◽  
Vol 8 (S1-Feb) ◽  
pp. 165-169
Author(s):  
Ramesha M C
Keyword(s):  
Small And Medium Enterprises ◽  
Sustainable Growth ◽  
Operational Flexibility ◽  
Gainful Employment ◽  
Indian Economy ◽  
The Government ◽  
And Performance ◽  
Medium Enterprises ◽  
Growth Economic ◽  
Investment Requirement

Micro Small and Medium Enterprises (MSMEs) is a vibrant and extensive sector of the Indian economy. It makes a significant contribution to the annual GDP, exports, and employment. In an environment of sustainable growth, economic reforms and, opening of the Indian economy. The role and importance of the MSME sector has become more significant. This sector is characterized by low investment requirement, operational flexibility, region mobility, and import substitutions. MSME Sector has been playing acrucial role in the overall economic development of a country like India and has the advantage of providing gainful employment opportunities with low investment and reduce regional disparities through the dispersal of industries into rural, semi-urban, and backward areas. This study makes an attempts to study the growth and, performance of MSMEs in terms of an increase in the number of working units, employment and investment levels in the recent past. This paper also tries to identify the problems faced by these units and the policy initiatives taken by the government.

scholarly journals DIVERSIFIKASI OLAHAN CUMI KERING “CUMKRING O500” DI DESA OLIMOO’O KECAMATAN BATUDAA PANTAI KABUPATEN GORONTALO

2020 ◽  
Vol 4 (3) ◽  
pp. 281
Author(s):  
Femy M Sahami ◽  
Sri Nuryatin Hamzah
Keyword(s):  
Small And Medium Enterprises ◽  
Community Empowerment ◽  
Active Involvement ◽  
Learning Techniques ◽  
Group Members ◽  
The Government ◽  
Production House ◽  
Medium Enterprises ◽  
The Village

Olimoo’o village as a coastal village has abundant squid potential, so the group of women conducted the processing of dried squid products which are named "Cumkring O500". The problem that arises over time is that the business does not work as expected. The Community Empowerment Learning (KKN PPM) Real Work Lecture Program directs students to apply their knowledge to maximise community empowerment to develop the cumkring potential to become a superior product of the village which leads to an increase in the community's economy. Through this program the transfer of dried squid processing technology is carried out which aims to improve group skills in processing to product marketing, creating diversification of processed dried squid ready and improving the economy of the community. The method used is the active involvement of all group members through group learning techniques accompanied by mentoring and direct practice at all stages of the process. The output of this activity is an increase in group knowledge about the processing of dried squid, the creation of processed squid products with three levels of flavour, namely original, selow and hot issue and product socialisation. The long-term target of this activity is the Cumkring O500 product to become an icon of Olimoo’o Village, as expected by the government and society. Therefore, there needs to be a commitment from the group in cumkring processed innovation and group strengthening to create a sustainable production house, and develop it into Micro, Small, and Medium Enterprises (MSMEs) as a form of independence, equitable economic growth, and increasing community income.

scholarly journals Restarting after Business Discontinuity among Bumiputra Small and Medium Enterprises

2015 ◽  
Vol 2 (1) ◽  
pp. 259
Author(s):  
Azlina Mohamad ◽  
Adriana Mohd. Rizal ◽  
Farzana Quoquab ◽  
Noor Hasni Juhdi ◽  
Musli Sahimi
Keyword(s):  
Small And Medium Enterprises ◽  
Early Stage ◽  
Wealth Creation ◽  
Policy Makers ◽  
Case Study Methodology ◽  
Five Factors ◽  
Study Methodology ◽  
The Government ◽  
Entrepreneurial Activities ◽  
Medium Enterprises

Small and Medium Enterprises (SMEs) entrepreneurial activities are critical to nation’s economic development and wealth creation. The governments provide both financial and non-financial assistances to support the development of these firms. Despite the government assistance, SMEs experience business discontinuity at the early stage of the firm development and unable to bounce back. Research on restarting after business discontinuity among SMEs is vital to enrich the existing literature in regards to firms’ learning and survival ability, and improving their current strategy to compete and sustain in the market. The objective of this study is to identify the factors that contribute to restarting after business discontinuity among Bumiputra Small and Medium Enterprises. This study utilized the case study methodology and selected Bumiputra firms under Majlis Amanah Rakyat as the research setting. The study found that five factors, including personality, environment, internal factor, resilience, and spiritual belief contributed to restarting after business discontinuity among Bumiputra SMEs. These findings broaden the theory of firm failure in entrepreneurship studies and their relations to firm learning. These insights are useful for both entrepreneurs of new firms and policy makers to improve entrepreneurial learning in supporting firms’ survival.

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 What Prompts Small and Medium Enterprises to Implement CSR? A Qualitative Insight from an Emerging Economy

2021 ◽  
Vol 13 (2) ◽  
pp. 952 ◽  
Author(s):  
Zengming Zou ◽  
Yu Liu ◽  
Naveed Ahmad ◽  
Muhammad Safdar Sial ◽  
Alina Badulescu ◽  
...  
Keyword(s):  
Emerging Economies ◽  
Developing Economies ◽  
Small And Medium Enterprises ◽  
Customer Behavior ◽  
Policy Makers ◽  
Management Commitment ◽  
Top Management Commitment ◽  
Medium Enterprises ◽  
Corporate Social ◽  
Depth Interviews

The topic of corporate social responsibility (henceforth referred to as CSR) has been a central topic during the last decade, but the majority of the existing literature discusses CSR relationship with large organizations. Whereas, its contribution in small and medium enterprises (henceforth referred to as SME) sector has received little attention. There have been some studies that focused on CSR activities in SME sector quantitatively in the context of developing economies like Pakistan, but the fact is, to date, SME sector of Pakistan is not participating actively in CSR-related activities due to some constraints. The present study is a pioneer attempt, to explore CSR barriers that restrict SME sector of Pakistan from practicing CSR initiatives. For this reason, the present study explores these barriers qualitatively in order to gain in-depth knowledge of different CSR barriers. In doing so, we conducted semi-structured in-depth interviews from 9 SMEs in Lahore city of Pakistan. We performed thematic analysis, which produced five relevant themes of CSR barriers, including: Lack of resources, lack of regulations, lack of top management commitment, lack of CSR knowledge, and passive customer behavior. Our analysis further showed that lack of resources is the most related barrier that hinder SMEs to be engaged in CSR activities. This paper contributes to CSR literature in emerging economies’ context. Through an increased awareness of barriers, policy makers and practitioners may take necessary steps to improve CSR practices in SMEs.

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.

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