scholarly journals Assessing Effects of Business Innovations on Financial Performance of Small and Medium-sized Enterprises in Kenya: A Case of SMEs in Garissa County

2020 ◽  
pp. 47-59
Author(s):  
Muhumed Buthul Shurie ◽  
Clement O. Olando
Keyword(s):  
Small Business ◽  
Financial Performance ◽  
Positive Impact ◽  
High Rate ◽  
Sample Population ◽  
Process Innovations ◽  
Product Innovations ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Financial Process

Despite the significant positive impact of small and medium-sized enterprises on the economic growth and employment generation, small business enterprises in Kenya are continuously collapsing. The high rate of collapse in threatening their contribution to Kenya’s gross domestic product. Although empirical studies from developed economies have revealed business innovations as the appropriate approach to addressing financial performance of small business, there is scanty documentation on business innovations as being a key determinant of the financial performance of small medium enterprise in Kenya. hence this study which assessed the manner in which the business innovations affects financial performance of Kenyan small medium enterprises. Adopting descriptive research design, the research used the 258 small medium enterprises in Garissa County as its target population from where a sample population of 155 respondents was selected using stratified proportionate random sampling. Data was collected from primary sources using a questionnaire and analysed using quantitative analysis approach to yield descriptive statistics as well as inferential statistics with help of SPSS software Version 21.0. The study concludes that at 0.05 (5%) significance level, each of; financial institutional innovation, financial product innovations has positive and moderate statistically significant effect on financial performance of small and medium-sized enterprises in Kenya while each of; marketing innovation and financial process innovations has a statistically strong positively significant effect on the financial performance of small and medium-sized enterprises in Kenya. The research recommends that the financial performance in Kenya should; actively embark on adopting financial institutional innovations for improving their financial performance, embrace financial product innovations, develop and acquire marketing resources and appreciated and support modern financial process innovations.

scholarly journals Agencies for Entrepreneurship Development and SMEs’ Promotion in Nigeria

2020 ◽  
Vol 15 (2) ◽  
Keyword(s):  
The State ◽  
High Rate ◽  
Sample Population ◽  
Government Officials ◽  
Entrepreneurship Development ◽  
The Past ◽  
Marketing Systems ◽  
The Difference ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Many Researchers have written on the SMEs and Entrepreneurship in the past but failed to distinguish clearly the difference between the two concepts, thereby leaving a gap in literature. This study attempts to bridge his gap. The study identified the difference between entrepreneurship and Small/Medium Enterprises (SMEs), clarified the erroneous practice of using both words interchangeably by Researchers/Practitioners, categorized the supporting agencies and climaxes their contributions and limitations with suggestions for future considerations. In examining their contributions, a sample population of 1200 stakeholders was purposely selected in the state of Osun, Nigeria. Overall findings revealed that Agencies’ impacts have been minimal due to the high rate of corruption, bureaucracy and inability to separate entrepreneurial SMEs from non-entrepreneurial SMEs, These Agencies fall within the intermediate environment of businesses, categorized as participatory, facilitating & regulatory and are public sectors dominated with low entrepreneurship orientation. The study averred that Agencies/government officials should be more entrepreneurial by promoting auxiliary marketing systems for SMEs. It is suggested that having business-minded and entrepreneurial politicians/ leaders would promote SMEs and entrepreneurship in Nigeria.

Pengaruh Payment Gateway terhadap Kinerja Keuangan UMKM

2020 ◽  
Vol 1 (1) ◽  
pp. 1-10
Author(s):  
Deka Anggun Lestari ◽  
Endah Dewi Purnamasari ◽  
Budi Setiawan
Keyword(s):  
Financial Performance ◽  
Financial Services ◽  
Test Validity ◽  
T Test ◽  
Test Reliability ◽  
Coefficient Of Determination ◽  
Sales Revenue ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Payment Gateway

Financial Technology (Fintech) is a combination of technology and financial services. There are several types of fintech, including Peer to Peer Lending, Risk and Investment Management, Market Aggregator, Payment, Clearing and Settlement, which changes an old innovation with digital technology. One widely used fintech is Payment Gateways such as OVO and Go-Pay, which encourage cashless society. One indicator that is implemented to measure Payment Gateway's financial performance is sales revenue. This study aims to examine the effect of Payment Gateway on the Financial Performance of Small Medium Enterprises (SMEs) in Palembang Indah Mall. Data were collected through questionnaires involving 53 respondents by using normality test, validity test, reliability test, coefficient of determination, and t-test. The result of the t-test and the coefficient of the determination indicates that the Payment Gateway variable significantly influences the financial performance of SMEs measured by sales revenue.

scholarly journals ANALISIS KINERJA KEUANGAN UNIT SIMPAN PINJAM PADA KOPERASI SERBA USAHA UPKD ARAU BINTANG JAYA KECAMATAN SUKARAJA KABUPATEN SELUMA

2019 ◽  
Vol 2 (2) ◽  
pp. 110
Author(s):  
Misparleni Misparleni ◽  
Neri Susanti ◽  
Rinto Noviantoro
Keyword(s):  
Financial Performance ◽  
Balance Sheet ◽  
Financial Statements ◽  
Average Score ◽  
Savings And Loans ◽  
Business Results ◽  
Savings And Loan ◽  
The Republic ◽  
Small Medium Enterprises ◽  
Medium Enterprises

The objective of this research is to determine the financial performance of the savings and loan unit at Koperasi Serba Usaha UPKD Arau Bintang Jaya in Sukaraja Sub-District OF Seluma Regency The analytical method use was can analysis of financial performance from financial statements, namely the balance sheet and PHU( Calculation of Business Result). balance sheet and PHU (Calculation of Business Results). Using savings and loans assessment analysis based on the Deputy for Supervision of the cooperatives and small medium enterprises of the Republic of Indonesia Number 06 / Per / Dep.6 / IV / 2016 in 2015-2017. The average score of the financial performance evaluation of Koperasi Serba Usaha UPKD Arau Bintang Jaya in 2015 was 68.10 with a fairly healthy assesment. Koperasi Serba Usaha UPKD Arau Bintang Jaya  in 2016 was 66.35 with a fairly healthy rating. The average score of Koperasi Serba Usaha UPKD Arau Bintang Jaya in 2017 was 66.60 with a fairly healthy assessment.

scholarly journals Peta Usaha Kecil Menengah (UKM) Jalan Syahdan sebuah Hasil Penelitian Proyek Workshop Do Good Indonesia

Humaniora ◽  
2011 ◽  
Vol 2 (2) ◽  
pp. 1378
Author(s):  
Sari Wulandari
Keyword(s):  
Small Business ◽  
Target Market ◽  
Student Activities ◽  
Visual Communication Design ◽  
Communication Design ◽  
Positive Image ◽  
Media Communications ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Mind

Syahdan Small Medium Enterprises (SME) map around the campus BINUS Syahdan Syahdan precisely along the streets and alleys that connect with it, ranging from Seven-Eleven to Circle K, which has become the backbone of student activities on campus so as to facilitate students in accessing the small business as well as media liaison for SMEs to communicate with the target market. The research was conducted referring to the science of Visual Communication Design Discipline. The purpose and benefits of this research is to use scientific and practical the SME Map of Jalan Syahdan and research results in the form of advice which are based on Cognitive Principle for ID member, Communication Principles for ID member, which is based on ease of implementation, the function of information for ID, which will tell us the effectiveness of media communications, and aesthetics. It is expected that the information in it will be delivered properly, can bring out the character right BINUS University and establish a positive image in the mind of the reader. In the results of this study will be presented the data and advice needed as a reference by them who will develop the SME Map of Jalan Syahdan. 

scholarly journals The Impact of CRM Strategy on Customer Loyalty in SMEs

2018 ◽  
Vol 11 (11) ◽  
pp. 37 ◽  
Author(s):  
Lena Saleh ◽  
Laura El Saheli
Keyword(s):  
Customer Relationship Management ◽  
Customer Loyalty ◽  
Service Industry ◽  
Positive Impact ◽  
Customer Relationship ◽  
Long Run ◽  
Study Results ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact

The beauty service industry is one of the most flourishing industries in contemporary Beirut, the capital of Lebanon, as versatile demands from men and women have catered to this uplifting growth. A national scandal, however, lead to the suspension of several beauty centers, and conveyed a challenge for competitive small-medium enterprises (SME) to sustain relationships with customers over the long-run. The aim of this study was to understand the impact of customer relationship management (CRM) strategy on customer loyalty using the case of beauty centers in Beirut, Lebanon. The study employed a quantitative approach where data was collected by means of a questionnaire, from a sample of 103 customers. Four variables, as components of CRM, were measured in this study. Results of the statistical analysis verified that customer experience, employee behaviour, and value proposition have a positive impact on customer loyalty. This research provides recommendations for strategically improving relationship-oriented practices in Lebanese SMEs, particularly in the beauty sector.

scholarly journals Green Practices among Fashion Manufacturers: Relationship with Cultural Innovativeness and Perceived Benefits

2019 ◽  
Vol 8 (5) ◽  
pp. 138 ◽  
Author(s):  
Dooyoung Choi ◽  
Tae-Im Han
Keyword(s):  
Online Survey ◽  
Qualitative Data ◽  
Positive Impact ◽  
Perceived Benefits ◽  
Green Process ◽  
Multiple Choice Questions ◽  
Process Innovations ◽  
Product Innovations ◽  
Green Practices ◽  
Google Search

The purpose of this study was to examine green practices implemented among fashion manufacturers and identify factors that drive the adoption of those practices, specifically focusing on a company’s cultural innovativeness and the perceived benefits of green innovations. An online survey was created containing both open-ended and multiple-choice questions using Likert scales. Data were gathered from 29 fashion manufacturers that were identified by the Google search engine and then approached. Qualitative data were analyzed to obtain insights into fashion manufacturers’ green practices and a cluster analysis was conducted to categorize companies into distinct groups based on their level of green product innovations and green process innovations. Our findings suggest that the adoption of green practices was related to a company’s internal characteristics such as cultural innovativeness and social responsibility perceptions. Perceived benefits from green practices were not a sufficient motivator for adopting those practices. It is important to examine manufacturers’ perceptions of becoming more involved in green practices because they have great potential to make a positive impact on the mainstream industry and appeal to a wider market audience.

scholarly journals Pendampingan Pengembangan Kreativitas UMKM Melalui Inovasi Produk Oatmeal Madu pada UMKM Body Scrub

PATRIA ◽  
2019 ◽  
Vol 1 (1) ◽  
pp. 19
Author(s):  
Aditya Indra S ◽  
Aldo Brilianta ◽  
Windi Dian Pertiwi ◽  
Heny Hartono
Keyword(s):  
Community Service ◽  
Product Innovation ◽  
Small And Medium Enterprises ◽  
Technological Advancement ◽  
High Quality ◽  
Product Innovations ◽  
Quality Product ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
High Quality Product

This community service aimed to develop UMKM (Micro, Small, Medium Enterprises) creativity through product innovation in the form of honey oatmeal body scrub at UMKM at Sambiroto, Semarang.The era of globalization that has been followed by technological advancement and business competition must bepositively responded with a breakthrough in the creativity of UMKM entrepreneurs. Creativity can produce innovations that can advance micro, small and medium enterprises (UMKM). Accompaniment to UMKM through the innovation of honey oatmeal body scrub products can prove the importance of UMKM to be more creative in order to produce high quality product innovations that can be more widely marketed

scholarly journals Challenges and Opportunities of India’s Micro Small Medium Enterprises in the New Era of Post COVID

2021 ◽  
Author(s):  
Rahul Ranjan
Keyword(s):  
Structural Changes ◽  
Positive Impact ◽  
Regression Result ◽  
Skilled Workers ◽  
New Era ◽  
Annual Survey ◽  
Challenges And Opportunities ◽  
Definition Of ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Abstract This paper examines the possible changes from the new definition of Micro, Small, Medium Enterprises (MSMEs) in the Manufacturing and Services sector using NSS 73rd round data and Annual Survey of Industry (ASI). The paper further analyses the nature of registered/unregistered enterprises in MSMEs. Analysis reveals that 16.1 percent (3.2 million), 38 percent (16.6 million), and 31.2 percent (19.8 million) enterprises are registered in manufacturing, services, and whole economy respectively. It is worthy to note that share of unregistered enterprises in overall loan taken by the enterprises is only 2 percent, the remaining 98 percent of loan has been provided to registered enterprises. Registered enterprises easily access the loan from the formal channels while unregistered enterprises face problems in accessing loan from the formal channels. The regression result shows that the number of skilled workers, the firm’s registration, modernization, and environmental monitor variables have a positive impact on the MSMEs output value. The large enterprises need to make structural changes with focus on generating employment at a larger scale in order to take advantage of the recent trade war between China and other developing countries. There is a simultaneous scope to promote larger enterprises with MSMEs.

scholarly journals The impact of risk on the financial performance of small medium enterprises in the construction industry in Eastern Cape, South Africa

2015 ◽  
Vol 5 (3) ◽  
pp. 224-234
Author(s):  
William Chiliya ◽  
Ellen Chenesai Rungani ◽  
Norman Chiliya ◽  
Christopher Tarisayi Chikandiwa
Keyword(s):  
South Africa ◽  
Risk Management ◽  
Financial Performance ◽  
Construction Industry ◽  
Business Environment ◽  
Eastern Cape ◽  
Management Techniques ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact

Risk management has become the driving force for business success due to the everchanging business environment. The purpose of this study is to investigate the impact of the level of awareness and use of risk management techniques on the financial performance. The data was collected from 82 of Small Medium Enterprises (SMEs) owners/managers in the construction industry in Eastern Cape, South Africa. The results show that the level of awareness and use of risk management techniques have a significant impact on the financial performance of SMEs in the construction industry. The study recommends that the government, tertiary institutions, construction industry development board, and SME owners or managers in the construction industry should work together in improving the level of awareness and use of risk management techniques.

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