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Owusu-Frimpong, Nana, and Albert Martins. "Adoption and Implementation of Internal Marketing Systems by Ghanaian Small- and Medium-Sized Enterprises." Journal of African Business 11, no. 1 (March 29, 2010): 26–48. http://dx.doi.org/10.1080/15228910903187999.
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Abor, Joshua, and Robert Hinson. "Internationalizing SME Nontraditional Exporters and Their Internet Use Idiosyncrasies." Perspectives on Global Development and Technology 4, no. 2 (2005): 229–44. http://dx.doi.org/10.1163/1569150054738998.
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AbstractThis study focuses on small and medium-sized enterprises (SMEs) of Ghanaian nontraditional exporters (NTEs) in the handicrafts, agricultural, and semiprocessed/processed NTE sectors. Specifically, the study focuses on the relationship between Internet utilization and (1) age of the NTE, (2) export performance, and (3) type of export organization in internationalizing NTEs. The age of an exporting firm had a significant effect on its Internet use. Export volumes and the type of company ownership had no significant influence on Internet use among exporting firms. Analysis of age of the firm and Internet use indicated that firms that have been in existence for a long time adopt the Internet slower.
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Boateng, Bernard, Mauricio Silva, and Claire Seaman. "Financing decisions of migrant family businesses: the case of a Ghanaian-owned shop in Kent." Journal of Family Business Management 9, no. 1 (March 14, 2019): 24–39. http://dx.doi.org/10.1108/jfbm-11-2017-0037.
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Purpose The purpose of this paper is to examine how a Ghanaian migrant family business in Kent makes financial decisions and measures business growth within the framework of Social Network theory and focussing on influences such as family, cultural and social factors. Design/methodology/approach Case study: migrant Ghanaian family business owner in Kent, first generation who migrated to the UK after the year 2000. The business is a small and medium enterprise and running the business as a family. Findings The narrative highlights important aspects of cultural and social factors that are not usually considered in credit analysis or applications for a relationship with a mainstream financial services institution. It is also indicated that family and personal attributes and culture had the most social capital for the shop owner to use or explore in taking her financial decisions. The discussions provide a basic framework for future research. Originality/value There is a gap in the research of Ghanaian migrant family businesses in the UK, in particular of their financial decision making process.
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Agyemang, Otuo Serebour, and Abraham Ansong. "Corporate social responsibility and firm performance of Ghanaian SMEs." Journal of Global Responsibility 8, no. 1 (May 8, 2017): 47–62. http://dx.doi.org/10.1108/jgr-03-2016-0007.
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Purpose This paper aims to examine the influence of corporate social responsibility on financial performance of small and medium-sized enterprises (SMEs) in Ghana by using access to capital and firm reputation as mediating variables. Design/methodology/approach The authors collected primary data from 423 SMEs within the Accra Metropolis. Partial least squares estimation technique was used to analyze the data. Findings The authors documented evidence for a mechanism through which corporate social responsibility results in financial performance of firms: SMEs with improved corporate social responsibility practices are better positioned to achieve enhanced reputation, which translates into improved financial performance. Even though this study did not document a significant relationship between corporate social responsibility and access to finance by Ghanaian SMEs, the authors contend that looking at the positive relationship between them, SMEs can minimize their capital constraints by embarking on CSR practices, which can eventually translate into financial performance. Practical implications The authors recommend that for SMEs to enhance their reputation and increase their access to capital, which will eventually result in enhanced financial performance, corporate social responsibility practices should be a major part of their operations. Originality/value It contributes to our knowledge on how CSR practices lead to financial performance of SMEs in developing countries. In addition, this is the first of its kind to establish the relationship between CSR practices and financial performance of SMEs in Ghana by using access to capital and firm reputation as mediating factors.
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Adomako, Samuel, Kwabena Frimpong, Riaz A. Mohammed, Robert A. Opoku, and Rifaqat Hussain. "Chief executive officers' dispositional optimism, host country's rule of law, and foreign market equity mode choice of Ghanaian small and medium‐sized enterprises." Thunderbird International Business Review 63, no. 1 (November 5, 2019): 63–75. http://dx.doi.org/10.1002/tie.22109.
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Boakye, Elijah Asante, Hongjiang Zhao, Millicent Adu-Damoah, and Edward Amankwah. "Exploits of blockchain technology in supply chain finance: a blockchain-as-a-service perspective for Ghana’s SMEs." International Journal of Development and Economic Sustainability 10, no. 3 (March 15, 2022): 32–49. http://dx.doi.org/10.37745/ijdes.13/vol10n3pp3249.
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The implementation of blockchain technology in supply chain finance (BcSCF) offers a conducive way for entrepreneurial financing. Extending the resource-based view (RBV), a traditional perspective approach is espoused to trigger scholarly discussions, pining the development of research fronts on Blockchain-as-a-Service (BaaS) in addressing small and medium-sized enterprises (SME) financing constraints. This paper suggests that, despite the operational challenges of blockchains and the necessity to focus on core business activities, BaaS is promising, with significant efforts in terms of cost-savings, efficiency, and reliability with reduced risks. This study provides insight on BaaS contributions to fostering entrepreneurial finance as well as contributing to the literature on the accomplishments of BaaS within BcSCF provisions for particularly Ghanaian SMEs. Therefore, detailed studies into the viability of technologically-enabled types of SME finance are essential, necessitating more research. Resultantly, some forward-thinking research issues for researchers in the disciplines of innovation, technology, entrepreneurship, finance, and decision science have been presented.
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Afum, Ebenezer, Victoria Yaa Osei-Ahenkan, Yaw Agyabeng-Mensah, Joseph Amponsah Owusu, Lawrence Yaw Kusi, and Joseph Ankomah. "Green manufacturing practices and sustainable performance among Ghanaian manufacturing SMEs: the explanatory link of green supply chain integration." Management of Environmental Quality: An International Journal 31, no. 6 (July 7, 2020): 1457–75. http://dx.doi.org/10.1108/meq-01-2020-0019.
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PurposeThe aim of this study is to examine the explanatory link of green supply chain integration (GSCI) between green manufacturing practices (GMPs) and sustainable performance (economic [EP], environmental [EnP] and social [SP] performances) by using data from an emerging country.Design/methodology/approachAn explanatory research design was employed for the study. Structured questionnaires were used to collect data from 178 Ghanaian manufacturing small and medium-sized enterprises (SMEs). Hypotheses were formulated and tested using partial least square structural equation modeling (PLS-SEM).FindingsThe results indicate that GMPs have a significant positive effect on sustainable performance (EP, EnP and SP). Again, GMPs have a significant positive effect on GSCI. Additionally, GSCI plays a mediating role between green manufacturing practices and sustainable performance.Research limitations/implicationsIn this study, GSCI was compositely measured despite having three dimensions. Generalizing the findings is also not guaranteed since the sample constitutes Ghanaian manufacturing SMEs.Practical implicationsThe results provide significant ramifications for managers of manufacturing SMEs within Ghana and those in other sub-Saharan African context. Based on the results, managers of manufacturing firms will have stronger backing to invest in GMPs, while at the same time establish strong ties with eco-oriented supply chain partners so as to achieve their sustainable performance goals.Originality/valueThis study adds to the literature in the area of sustainability and triple bottom line by providing evidence from a fast growing industrialized and emerging country.
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Issau, Kassimu, Sanjay Soni, and Innocent Senyo Kwasi Acquah. "Ghanaian SMEs’ perspective on the interrelationship between market and entrepreneurial orientations." Revista de Gestão 29, no. 2 (January 10, 2022): 139–57. http://dx.doi.org/10.1108/rege-03-2021-0038.
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PurposeThis research examines the interrelationships between market orientation (MO) and entrepreneurial orientation (EO) in the small- and medium-sized enterprise (SME) sector. Due to the conflicting results associated with each orientation's influence on firm performance, some researchers advanced that scholars should resort to concurrent observation of the constructs. To the researchers, concurrent deployment of the constructs by businesses is likely to result in an enhanced performance. However, what is lacking in their proposition is how the deployment of these resources should be, thereby leading to a knowledge gap in the literature. The aforementioned gap is what this paper seeks to address.Design/methodology/approachThe study employed deductive research approach, and data were collected from 366 SMEs' owners or owner-managers of SMEs in two metropoles in Ghana. For this study, the hand delivery and collection of questionnaire technique was deployed. The reason is that most respondents may be reluctant to respond to the questionnaires through the post or Internet. Partial least square-structural equation modelling (PLS-SEM) was employed for the data analysis due to its importance in allowing the testing of relationships among constructs. Furthermore, seven-point Likert scale was used to generate responses from the respondents.FindingsThe result indicates that MO and EO have a positive and significant influence on each other. However, the influence of EO on MO is greater. Therefore, when owners of SMEs are embracing the two constructs in their businesses, EO should precede MO. The finding is a novelty of this study. Through this result, the owners of SMEs would have knowledge of embracing EO before MO during the employment of the two constructs in their firms. The study further revealed that not all the components of MO have positive and significant influence on EO, and the reverse is true. Without this study, the owners of SMEs would have placed equal attention on each construct and their components. The study also indicates that deployment of MO in its composite form rather than components is the best way for improving EO.Practical implicationsThe more SMEs engage in MO activities, the likelihood of an increase in their entrepreneurial spirit and the opposite is true. However, engaging in more EO activities would result in higher MO than the reverse.Originality/valueThe findings add to the empirical literature by revealing the interrelationships between MO and EO, which serve as a guide to owners of SMEs and practitioners in their concurrent deployment of the two constructs. The findings would also open replication doors for future researchers in different settings.
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Easmon, Roseline Barbara, Adelaide Naa Amerley Kastner, Charles Blankson, and Mahmoud Abdulai Mahmoud. "Social capital and export performance of SMEs in Ghana: the role of firm capabilities." African Journal of Economic and Management Studies 10, no. 3 (September 2, 2019): 262–85. http://dx.doi.org/10.1108/ajems-11-2018-0361.
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Purpose The purpose of this paper is to understand the direct impact of social capital and the influence of market-based capabilities as intervening variables on the export performance of small and medium-sized enterprises (SMEs) in Ghana. Design/methodology/approach Questionnaire-based survey was used to collect data from top executives and senior managers of exporting companies in Ghana. Data obtained were analysed using the structural equation modelling. Findings The findings revealed that social capital of SMEs exert the greatest influence on their export performance. Innovation and marketing capabilities are also key drivers of export performance among SMEs as they fully mediate the social capital–export performance relationship. Notwithstanding, marketing capabilities appear to exert a greater influence than innovation capabilities on the export performance of SMEs. Research limitations/implications The study used perceptual measures of international performance by managers of SMEs in the Ghanaian exporting sector making it difficult to determine respondent bias. Practical implications Managers of exporting firms should build stronger relationships with their customers and suppliers who contribute significantly to their export performance. SMEs would also have to hone their innovation and marketing skills as strategic components in enhancing their export performance. Social implications Market-based resources such as marketing and innovation should not be taken for granted by SMEs in the export business. Originality/value The study offers some lessons on how small firms can sharpen their marketing and innovation capabilities to derive export performance benefits from social capital. Theoretically, while the findings offer strong evidence reinforcing the DC theory, an exploration of the nexus of the theories brings to the fore the need to reassess the resource-based view and SC theories.
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Abdullahi, Ahmed Zakaria, Ebenezer Bugri Anarfo, and Hod Anyigba. "The impact of leadership style on organizational citizenship behavior: does leaders' emotional intelligence play a moderating role?" Journal of Management Development 39, no. 9/10 (November 24, 2020): 963–87. http://dx.doi.org/10.1108/jmd-01-2020-0012.
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PurposeThe study investigates the effect of autocratic, democratic and transformational leadership styles on employees' organizational citizenship behavior (OCB). The study further examines the moderating role of leaders' emotional intelligence between leadership styles and OCB.Design/methodology/approachQuestionnaires were used to collect data from 618 small and medium-sized enterprises' (SMEs) employees in Ghana. For this study, both simple random and convenient sampling were adopted in selecting respondents. Regression was used to test the hypotheses in the research model using IBM–Statistical Package for the Social Sciences (SPSS).FindingsThe results show that democratic and transformational leadership styles both positively predicted the OCB of SME employees, although transformational leadership has a more significant influence. On the contrary, autocratic leadership style was found to have an insignificant relationship with OCB of SME employees when the interactive effect of the various leadership styles and emotional intelligence were introduced into the model. The results also show that whereas leaders' emotional intelligence positively moderate the relationship between autocratic leadership style and OCB, the relationships between democratic leadership style and OCB and between transformational leadership style and OCB are not significantly moderated by leaders' emotional intelligence.Research limitations/implicationsAn examination of other prominent leadership styles (for example, the transactional leadership style and the laissez faire leadership style) could be key areas for future research as it is a potential limitation of this study. Similarly, the use of a Western leadership instrument could also be a potential limitation in the Ghanaian context, although these instruments and scales may be applicable. Future studies could also consider a longitudinal approach to give a more holistic picture of the effect of the leadership styles on OCB.Practical implicationsIn general, the findings of the study support the idea that the autocratic leadership style affects SME employees' OCB both directly and indirectly through leaders' emotional intelligence. This study recommends that leaders of SMEs should focus on leadership styles that combine both result-oriented and people-centric behaviors to encourage SMEs' employees to engage in OCB.Originality/valueThis study provides firsthand information on the impact of autocratic leadership style, democratic leadership style and transformational leadership style on an employee's OCB from the Ghanaian SME perspective.
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Wang, You Fa, and Ming Xing Li. "Research on the Constructs of Small and Medium-Sized Enterprise Dynamic Alliance Information Platform Based on the ASP and Information Sharing." Advanced Materials Research 452-453 (January 2012): 474–80. http://dx.doi.org/10.4028/www.scientific.net/amr.452-453.474.
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The purpose of this paper was to solve the problem of constructing information platform for small and medium-sized enterprise dynamic alliance. According to the present situation of Chinese small and medium-sized enterprise informatization, the research on ASP(application service provider) model proposed to construct the small and medium-sized enterprise dynamic alliance information platform, expounded the advantages of ASP, proposed the small and medium-sized enterprise dynamic alliance information platform of information sharing mechanism. The formation of small and medium-sized enterprises of dynamic alliance effective operation had certain positive contribution. In this paper, the innovation of originality focuses on building small and medium-sized enterprise dynamic alliance information platform base on ASP model.
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Schreier, Claus, Sylvie Scherrer, Nuntana Udomkit, and Jillaine Farrar. "Trustworthy Small and Medium-sized Enterprise Network Partners: Small and Medium-sized Enterprise Partnerships in the International Entrepreneurial Process." Global Business Review 21, no. 1 (July 29, 2019): 88–107. http://dx.doi.org/10.1177/0972150919850414.
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This study explores how 40 decision-makers from Swiss and Thai small or medium-sized enterprises (SMEs) engage and develop international partnerships to discover, create, evaluate and exploit entrepreneurial opportunities across borders. Despite the growing importance of international entrepreneurship research, there is little research considering how entrepreneurial SMEs from different cultural contexts interact with international partners to develop international entrepreneurial opportunities. The findings show how Thai and Swiss entrepreneurs engage in the development of international partnerships to create, explore and exploit opportunities. The empirical study further emphasizes the importance of trustworthy and close interpersonal relationships. The meaning of friendship in culturally different countries is also explored as it pertains to the process of SME internationalization. The findings show important cultural differences. In the collectivistic Thai context, personal and professional networks are closely intertwined. In the development of new partnerships, Thai SMEs pursue the clear objective of developing friendships. In the individualistic Swiss context, partnerships mostly originate from opportunities in the professional context and relationships tend to develop more coincidentally into a trusted friendship.
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Xia, Lei. "Analysis on the Small and Medium-Sized Enterprise Financing Bank Loans Availability." Applied Mechanics and Materials 687-691 (November 2014): 4799–802. http://dx.doi.org/10.4028/www.scientific.net/amm.687-691.4799.
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Indirect financing is bank credit financing, this is the main source of funds of our country small and medium-sized enterprise.Fang Gang believes that the current urgent need to develop non state owned bank is an effective way to solve the financing of small and medium-sized enterprises.In a variety of exogenous financing channel of small and medium-sized enterprises, bank loan is one of the most important financing channel.This paper do empirical research about financing bank loans availability of small and medium-sized enterprise for to our country. The results show that, in general, enterprises in the credit rating, longer enterprise age, status of the enterprise market, enterprise's profit ability and provide collateral ability, enterprise is the enterprise and enterprise in the economy is more developed areas and other factors, has significant influence on enterprise ability to get loan.
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Xie, Jian Min, and Qin Qin. "Research on the Small and Medium Sized Enterprise Informatization’s Model and Strategy of Development." Applied Mechanics and Materials 63-64 (June 2011): 309–12. http://dx.doi.org/10.4028/www.scientific.net/amm.63-64.309.
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In the open international competitive environment, information technology has become the most critical competitive advantage in gaining access to one of the means. For the small and medium-sized enterprise, the information can improve the management capacity of enterprises, extended enterprises market; enhance the market's rapid response capability and adaptability. This article in analyzes in the small and medium-sized enterprise informationization advancement in the objective demand foundation, studied the small and medium-sized enterprise informationization to construct and to manage the pattern which and the strategy choice question in the process met; to affected the small and medium-sized enterprise informationization using the SWOT law the correlation factor to carry on the comprehensive thorough essence to analyze.
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Hu, Chun. "Analysis and Countermeasures On the Reasons of Employee Departure in Small and Medium-sized Private Enterprises." Frontiers in Business, Economics and Management 7, no. 1 (December 20, 2022): 81–84. http://dx.doi.org/10.54097/fbem.v7i1.3757.
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In recent years, China's small and medium-sized private enterprises have developed rapidly, providing more employment opportunities for people, but the phenomenon of personnel leaving small and medium-sized private enterprises in China is becoming more and more serious, and personnel leaving will increase the replacement cost of enterprise human resources, destroy the cohesion of the enterprise, and affect the development strategy of the enterprise, the problem of personnel leaving has become a big problem for small and medium-sized private enterprises in China. Excessive staff departures reflect the poor human resource management of small and medium-sized private enterprises in China, which can make enterprises pay high human costs. In this paper, we analyze the reasons for the separation of small and medium-sized private enterprises in China, and propose corresponding measures to solve the problem, hoping that small and medium-sized private enterprises in China will pay attention to the problem of personnel separation, and the phenomenon of excessive personnel separation can be improved.
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Day, John, Paul Reynolds, and Geoff Lancaster. "Entrepreneurship and the small to medium‐sized enterprise." Management Decision 44, no. 5 (June 2006): 581–97. http://dx.doi.org/10.1108/00251740610668851.
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Wapshott, Robert, and Oliver Mallett. "Small and medium-sized enterprise policy: Designed to fail?" Environment and Planning C: Politics and Space 36, no. 4 (July 17, 2017): 750–72. http://dx.doi.org/10.1177/2399654417719288.
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Significant doubts persist over the effectiveness of government policy to increase the numbers or performance of small- and medium-sized enterprises in the UK economy. We analyse UK political manifestoes from 1964 to 2015 to examine the development of small and medium-sized enterprise policy in political discourse. We do this by analysing how the broadly defined category of ‘small- and medium-sized enterprise’ has been characterised in the manifestoes and assess these characterisations in relation to the empirical evidence base. We highlight three consistent themes in UK political manifestoes during 1964–2015 where small- and medium-sized enterprises have been characterised as having the potential for growth, struggling to access finance and being over-burdened by regulation. We argue that homogenising the broad range of businesses represented by the small- and medium-sized enterprise category and characterising them in these terms misrepresents them, undermining policies developed in relation to this mischaracterisation.
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Qiao, Lin Si Hang, and Zhi Hong Lin. "The Evaluation Study of Supply Chain Financial Risk Based on the BP Neural Network." Applied Mechanics and Materials 401-403 (September 2013): 2306–9. http://dx.doi.org/10.4028/www.scientific.net/amm.401-403.2306.
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In recent years, the supply chain financial has become the focus of attention of the many financial institutions, because the supply chain financing model is to make full use of the supply chain and the characteristics of small and medium-sized enterprise designed. It is not only the effective way of small and medium-sized enterprises in China to solve the difficulty of financing, but also is an effective way of the Commercial Banks expand financial services [ . This paper firstly constructed the financial credit risk evaluation index system of small and medium-sized enterprise based on supply chain, through the BP neural network model analyze credit risk of small and medium-sized enterprise, then predicted their financing credit level, to provide the basis for Commercial Banks for credit.
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Zhang, Yan Yu. "Research on Relationship between Information Disclosure and Cost of Equity Capital for Small and Medium-Sized Enterprises." Applied Mechanics and Materials 462-463 (November 2013): 833–36. http://dx.doi.org/10.4028/www.scientific.net/amm.462-463.833.
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Relationship between information disclosure and the cost of equity capital for small and medium-sized enterprises was studied by calculating the cost of equity capital using the residual income model. A multiple regression model was built considering economic condition in China. It was found that earnings information may help the small and medium-sized enterprise to reduce the cost of equity capital. One important motivation was that significant positive correlation was seen between financial leverage and the small and medium-sized enterprises cost of equity capital. Besides, negative correlation was seen between enterprise scale and the small and medium-sized enterprises cost of equity capital.
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Xu, Qikui. "The Impact of COVID-19 on SMEs and Countermeasures." Frontiers in Business, Economics and Management 4, no. 1 (June 13, 2022): 88–93. http://dx.doi.org/10.54097/fbem.v4i1.509.
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The COVID-19 outbreak from Wuhan in 2020 has dealt a major blow to the entire Chinese economy, especially to small and medium-sized enterprises. In this paper, the study found that the influence of new crown outbreak of small and medium-sized enterprises in the return to work and production, costs, capital chain rupture and other practical problems, further to the causes of these problems were studied, finally aiming at the problems of small and medium-sized enterprises under the new crown outbreak was put forward, from the Angle of enterprise itself should accelerate the pace of transformation and upgrading, Make use of digital tools for innovation, improve the operation mechanism of supply chain, improve the anti-risk ability of small and medium-sized enterprises, and introduce managerial and technical talents to optimize enterprise management. From the perspective of government policy, financial support should be strengthened to reduce the financial burden of small and medium-sized enterprises, and national development fund for small and medium-sized enterprises should be established to help small and medium-sized enterprises out of difficulties.
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Wang, Shi Bo, and Cheng Wang. "Research on Information Construction of SME and Information Talent Cultivation." Applied Mechanics and Materials 33 (October 2010): 226–30. http://dx.doi.org/10.4028/www.scientific.net/amm.33.226.
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There are many problems on informationization construction in the small and medium-sized enterprise, how to deal with, it is must be considered and solved to promote enterprise informationization construction. Through analyzing the problems in small and medium-sized enterprise informationization, the paper discusses the informationization construction countermeasures, especially the importance of informationization talent for SME and the selection of informationization talent.
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Yao, Feng Ge, and Tian Hang Wang. "The Influence of Corporate Culture on the Core Competitiveness in China’s Small and Medium-Sized Commercial Banks." Applied Mechanics and Materials 644-650 (September 2014): 6083–86. http://dx.doi.org/10.4028/www.scientific.net/amm.644-650.6083.
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The small and medium-sized commercial Banks in the financial system reform in our country plays a very important role, enterprise culture construction is one of the important factors that influence its core competitiveness. To strengthen the construction of enterprise culture, enhancing core competitiveness of small and medium-sized commercial banks focus to strengthen the cohesion, innovation of commercial Banks,to control and influence.Small and medium-sized commercial banks can continue to strengthen enterprise innovation power,quick to adapt to changes in industry environment;Establish the advanced mechanism of choose and employ persons, the "people-oriented" enterprise values; Establish a good brand image, enhance the social influence of establishing effective enhance the core competitiveness of enterprise culture cultivation.
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Omondi, Samuel Onyango. "Small-scale poultry enterprises in Kenyan medium-sized cities." Journal of Agribusiness in Developing and Emerging Economies 9, no. 3 (June 25, 2019): 237–54. http://dx.doi.org/10.1108/jadee-06-2018-0067.
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Purpose The purpose of this paper is to investigate the profitability of urban chicken production in the medium-sized cities of Kisumu and Thika, Kenya. Design/methodology/approach Data were collected in 2016 from a sample of 157 indigenous chicken producers in the two cities. Descriptive analyses were used to characterize indigenous chicken production, marketing and profitability. In addition, multivariate regression models were estimated to determine factors influencing profitability of the enterprise. Findings Urban indigenous chicken production mainly serves a dual role of food provision and income generation. The enterprise is profitable, generating an average gross margin of Ksh. 756/bird. The multivariate regression models show that access to high-value markets, household income level and the type of production system used significantly affect profitability of indigenous chicken farming. However, poultry diseases and high input costs especially feed are the major constraints to poultry farming. Research limitations/implications This study has used cross-sectional data that provides information for only one point in time. Future research should be able to capture the seasonality of indigenous chicken production. Social implications This study has shown that indigenous chicken production in urban areas is a viable and profitable enterprise, which could provide an avenue for employment and income generation. Originality/value Studies assessing profitability of urban agricultural enterprises are scant. Thus, this study provides insights on the profitability of a common urban agriculture enterprise.
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Kunasz, Marek. "The small and medium-sized enterprise sector in Poland." International Journal of Economic Policy in Emerging Economies 1, no. 2/3 (2008): 264. http://dx.doi.org/10.1504/ijepee.2008.019268.
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Kotane, Inta. "PRACTICE OF SMALL AND MEDIUM-SIZED ENTERPRISE PERFORMANCE EVALUATION IN LATVIA." SOCIETY. INTEGRATION. EDUCATION. Proceedings of the International Scientific Conference 4 (May 26, 2016): 335. http://dx.doi.org/10.17770/sie2016vol4.1570.
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The total number of small and medium-sized enterprises signifies an essential share of the national economy; SMEs’ importance is evaluated by the value added and the new jobs created. Despite the growing research interest in the small and medium business performance measurement, there is no consistent opinion among researchers regarding small and medium business performance indicators, their measurement, and methods of assessment. The research study is based on an analysis of literature and scientific publications, the assessment of the financial indicators used by the Latvian institutions for the company’s financial analysis, and an expert survey. The general scientific research methods are used in the research study: information analysis and synthesis, logical construction, monographic, an expert survey, data grouping, and the graphical method. The aim of the research – to carry out an analysis of the performance evaluation practice for small and medium-sized enterprises in Latvia. A study of the small and medium sized business performance measurement and management is carried out and the analysis of the financial indicators used for the performance measurement of small and medium-sized enterprises is performed in the result.
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Ye, Yunyang, and Shuxin Wang. "Intelligent Transformation of Small and Medium-sized Enterprises through University-enterprise Cooperation." BCP Social Sciences & Humanities 16 (March 26, 2022): 351–54. http://dx.doi.org/10.54691/bcpssh.v16i.486.
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At present, a new round of industrial revolution is profoundly affecting human production and life style. The traditional manufacturing industry will further develop towards intelligence under the background of industry 4.0. In the development of local economy, local small and Medium-sized enterprises play an important role. However, small and Medium-sized enterprises often lack the ability of capital, technology and reform and development. Their hardware equipment is still at a low level in the field of modern industry, and their profits are greatly affected by labor costs. Local small and Medium-sized electrical appliance manufacturing enterprises promote the intelligent transformation of enterprises through in-depth cooperation with local universities and collaborative innovation, so as to provide reference experience for the transformation and upgrading of small and Medium-sized enterprises.
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Musinova, N. N., and N. S. Sergienko. "GOVERNMENT SUPPORT FOR SMALL AND MEDIUM-SIZED ENTERPRISES IN THE CONTEXT OF THE PANDEMIC: FOREIGN AND RUSSIAN PRACTICE." Vestnik Universiteta, no. 2 (April 3, 2021): 5–12. http://dx.doi.org/10.26425/1816-4277-2021-2-5-12.
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Modernization of Russia involves a qualitative breakthrough in the sector of small and medium-sized businesses, using new technologies and developing an innovative sphere. The creation of a developed small and medium-sized enterprise can solve many modern Russian problems, so the state should develop small and medium-sized enterprises and, if necessary, support them. The need to support small and medium-sized enterprises has become particularly acute during the coronavirus pandemic and continues to be relevant both abroad and in the Russian Federation. The study of domestic and foreign experience in providing support to small and medium-sized businesses allowed us to highlight general and private forms of assistance.
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Li, Jian Jun. "The Empirical Analysis of Small and Medium Sized Pharmaceutical Enterprises Operating Performance and Debt Source Structure." Applied Mechanics and Materials 496-500 (January 2014): 2872–75. http://dx.doi.org/10.4028/www.scientific.net/amm.496-500.2872.
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in this paper, take 30 enterprises from Shenzhen SME board and the GEM pharmaceutical industry as samples, using empirical methods to study the relationship between the pharmaceutical industry and business performance and debt source structure. The results showed that small and medium-sized pharmaceutical enterprises have a negative impact on business performance, and operating liabilities have a positive impact on business performance; compared with the small service enterprises, performance of small and medium-sized pharmaceutical enterprise is poor, because its operating liabilities rate is relatively low, and the financial leverage is higher. Therefore, when small and medium-sized pharmaceutical enterprise debt financing, financing should be appropriate for financial liabilities, and should strengthen the management of debt financing.
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Cao, Fan. "Analyzing The Difficulties of Transformation and Upgrading of Local Exhibition Enterprises." BCP Business & Management 45 (April 27, 2023): 256–63. http://dx.doi.org/10.54691/bcpbm.v45i.4914.
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s a new industry that promotes economic development, the exhibition industry can effectively drive the synergistic development of related industries in cities. As the main part of the exhibition industry, exhibition companies, like the exhibition industry, are also highly vulnerable to the impact of unexpected events. This study mainly took small and medium-sized exhibition companies as the research object and investigates how small and medium-sized local exhibition companies can cope with the business crisis exacerbated by unexpected events through transformation and upgrading using a case study. This study concluded that small and medium-sized local exhibition companies have not done enough in the four aspects of enterprise risk management, talent management, digital upgrading, and enterprise branding. Therefore, small and medium-sized local exhibition companies need to find or establish a risk management system suitable for their own conditions, a perfect talent management and cultivation system, a reasonable digital transformation and upgrading, and corporate branding. This study gave small and medium-sized exhibition companies some development suggestions to help them transform and upgrade to cope with the increasingly serious business crisis.
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Švárová, Monika, and Jaroslav Vrchota. "Strategic management in micro, small and medium-sized businesses in relation to financial success of the enterprise." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 61, no. 7 (2013): 2859–66. http://dx.doi.org/10.11118/actaun201361072859.
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Small and medium sized enterprises play an essential role in the economy of the Czech Republic as a report of development of small and medium-sized enterprises and its support from 2010 announces. They are the source of development of towns, regions and the state itself. Small and medium-sized enterprises represent 99.84 % of the whole business subjects. Statistic data underline this position- they indicate that small and medium-sized enterprises employ 2/3 employees. Therefore, occupying small and medium-sized enterprises are to be taken as priority.Strategic management on the level of small and medium-sized enterprises is, as number of authors write, diverse. Small enterprises including micro have less access to capital, they have no money for employing specialists in the field, and they solve administration primarily. The aim of this follow-up GAJU project contribution concerned on process analysis of small and medium-sized enterprises is to summarize the gained results from the view of comparison of the level of strategic management in small and medium-sized enterprises.Nowadays, numbers of enterprises are thinking about whether they are able to remain in the market as an established company, they explore the possibility of improving its position. There is a question for small and medium-sized enterprises management- can strategic management be used as an instrument for increasing competitiveness? The results show that SMEs with a clearly defined strategy show better results of financial health (IN99 and ROA) than companies without a defined strategy. In terms of business focus, we were able to demonstrate positive relationship between strategy and finance only for companies in the construction industry, on the significance level of 0.05. Compared to manufacturers and service-providing companies where this relation is not statistically significant.
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Wang, Liyi. "Credit Strategy Design of Small and Medium-Sized Enterprises." Proceedings of Business and Economic Studies 5, no. 3 (June 20, 2022): 30–39. http://dx.doi.org/10.26689/pbes.v5i3.3850.
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Small and medium-sized enterprises play an important role in promoting social and economic growth, which is an important foundation for the development of China’s national economy. From the perspective of bank interests, this paper uses the invoice data of small and medium-sized enterprises to evaluate their credit risk and formulates corresponding bank credit strategies for these enterprises in different industries and properties. Firstly, the credit risk identification factor system is constructed by using feature engineering, and the quantitative model of enterprise credit risk is built based on back propagation (BP) neural network to predict the default probability of enterprises. On this basis, the k-prototypes clustering algorithm is used to classify enterprises. According to the default probability of each enterprise and the loss rate under different interest rates, a nonlinear programming model, with the maximum expected profit of banks as the goal, is constructed. The simulated annealing algorithm is used to obtain the optimal solution of the credit strategy.
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Chen, Zefei, Bowen Duan, Ailin Shen, and Yucheng Yan. "Research on the Development Status and Problems of Scientific and Technological Small and Medium-Sized Enterprises." BCP Business & Management 23 (August 4, 2022): 466–75. http://dx.doi.org/10.54691/bcpbm.v23i.1387.
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This paper is aimed at figuring out the elements which a technology-based small and medium-sized enterprise should have in order to further growth. Based on the deconstruction of the development of this kind of enterprise, the paper summarizes the current development problems of domestic technology-based small and medium-sized enterprises. The development of science and technology small and medium-sized enterprises in China is mainly faced with the problems of limited number and regional imbalance. In some undeveloped regions, the local governments are relatively more willing to invest their restricted capital to infrastructure construction and do not pay enough emphasis on innovation activities. Taking TianJin Chase Sun Pharmaceutical as an example, this paper investigates the management mechanism and financial information to study the development factors of Chase Sun Pharmaceutical, using SWOT analysis and financial indicators analysis. CSP has converted from an enterprise on the verge of bankruptcy to a “Little Giant” enterprise that has strong research and development abilities. The case analysis reflects the development hindrance factors such as achievement transformation level, financing difficulties, and management defects, and further puts forward countermeasures and suggestions. Through this analysis, more specific information and experience on the development of science and technology in small and medium-sized enterprises in China is expected to be verified.
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Dickson, Pat H., and K. Mark Weaver. "Institutional Readiness and Small to Medium-Sized Enterprise Alliance Formation." Journal of Small Business Management 49, no. 1 (December 29, 2010): 126–48. http://dx.doi.org/10.1111/j.1540-627x.2010.00318.x.
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Yanes-Estévez, Vanessa, Ana María García-Pérez, and Juan Ramón Oreja-Rodríguez. "Arcs of communication and small- and medium-sized enterprise performance." Journal of Advances in Management Research 16, no. 4 (October 23, 2019): 625–44. http://dx.doi.org/10.1108/jamr-09-2018-0079.
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PurposeThe purpose of this paper is to analyse the information shared by SMEs with their main customers and suppliers and its implications on their performance.Design/methodology/approachThe paper puts forward the concept of arcs of communication based on the frequency and direction of the information exchanged by SMEs with their main customers and suppliers. SMEs are classified by the arc of communication they belong to using data from a survey carried out in the Canary Islands (Spain). The Rasch Measurement Theory is applied.FindingsThe largest group of small- and medium-sized enterprises (SMEs) shares information frequently with both customers and suppliers (broad arc of communication). Differences were detected in the performance of SMEs belonging to this broad arc, as well as, in those firms that communicated frequently with their main suppliers (asymmetrical arc of communication towards suppliers). In both cases, these firms were better than their competitors in innovation.Practical implicationsThis study demonstrates the need for better management of the links between SMEs and their suppliers and with their customers in accordance with their strategies, promoting a greater cooperative behaviour throughout the supply chain.Originality/valueSMEs’ customers and suppliers are their main sources of information compared to large firms, which have greater resources to search for and acquire information. This paper investigates the information exchanged by SMEs with their main customers and suppliers from a strategic focus by adding to the literature the concept of arcs of communication. It also has the added value of applying the Rasch Measurement Theory (Rasch, 1960/1980).
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Weaver, K. Mark, and Pat H. Dickson. "Outcome quality of small- to medium- sized enterprise–based alliances." Journal of Business Venturing 13, no. 6 (November 1998): 505–22. http://dx.doi.org/10.1016/s0883-9026(97)00050-5.
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Truong, Chuong Minh. "Small and medium sized enterprises: clustering and owner manager’s typology." Science and Technology Development Journal 18, no. 4 (December 30, 2015): 25–33. http://dx.doi.org/10.32508/stdj.v18i4.967.
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SMEs are established and managed by owner managers. Their personality traits, demographics impact the enterprise’s managerial system and performance. This study aims at clustering the SMEs to find out the clustering structure via these stated above factors, then, defining a set of criteria to recognize the owner managers’ typology and predicting the enterprise performance. Clustering method has been applied to analyze 240 enterprises into 3 clusters differentiating with each other basing on the personality traits, particularly, innovation, demographics, strategic management and organizational functional structure. These factors are encapsulated into a set of criteria for owner manager’ typology definition and prediction of the enterprise performance. Relations among these factors in each cluster were also recognized.
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Dufour, Julien, and Pierre-Etienne Son. "Open innovation in SMEs – towards formalization of openness." Journal of Innovation Management 3, no. 3 (October 19, 2015): 90–117. http://dx.doi.org/10.24840/2183-0606_003.003_0008.
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Open innovation has been widely debated in management literature. However, little attention has been given to how small and medium sized enterprises manage to open up their innovation process. Consequently, various questions remain unanswered. In particular, we want to shed light on the following issue: how small and medium-sized enterprises manage organizational changes in their journey from closed to open innovation. A literature review examines how small and medium-sized enterprises open up their innovation process based on nine perspectives. Then, the reference framework addresses the organizational changes embedded in evolving from closed to open innovation. In this sense, we use acknowledged concepts on organizational change research to carry out an in depth-case study on a small and medium-sized enterprise evolving in the sports equipment industry. The results demonstrate that, in its journey from closed to open innovation, the small and medium-sized enterprise has to stimulate and to manage changes to four company’s dimensions i.e. corporate culture, networking, organizational structure and knowledge management systems. The paper concludes by highlighting the diverse organizational changes undertaken by the company on these four dimensions. Based on this paper’s conclusion, managerial implications and discussion for future research are drawn.
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Zeng, Sumei. "Research on Financing Risk Control Based on Small and Medium Sized Enterprises." Tobacco Regulatory Science 7, no. 5 (September 30, 2021): 2848–53. http://dx.doi.org/10.18001/trs.7.5.1.52.
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Objectives: Funds are important for the enterprises as blood for body. Sufficient ensure the enterprise to develop for the long time. What’s more, sufficient funds can ensure the companies to do what it wants to do at any time. So fund management is still the core of the finance management for the companies. The companies financing is the process of the collecting funds. In China, according to the modern enterprise, among the registered enterprise, medium and small-sized enterprises are 99%. Methods: Medium and small-sized enterprises want to succeed facing the violent market competence. From native and alternative status, because of the small scale, resisting risk, limited management and loan ability, there are contraction and ownership barriers between the commercial banks and medium and small-sized enterprises. Government law and policy is not full. Capital market should be unblocked. Results: According to corporate financing theory, native and alternative financing status, financing channel in market and the example of middle-little company. The paper discount on notes, supply chain financing, application of floating, bank loan and alternative brand tactics union. Conclusion: At last the research financing tactics and risk management. I hope tossing out a brick to attract jade for medium and small-sized enterprises financing through the study.
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Lu, Yu Duo, Jiao Yu, and Dan Li. "The Application of Modern Industrial Engineering in Small and Medium-Sized Enterprise Management." Advanced Materials Research 472-475 (February 2012): 3107–10. http://dx.doi.org/10.4028/www.scientific.net/amr.472-475.3107.
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At present, small and medium-sized enterprises have played an important role in China's economic development. Starting with the introduction of modern industrial engineering, this paper firstly pointed out the problems of small and medium enterprises in the development process, analyzed the need for the implementation of industrial engineering, and finally proposed the application patterns and development trends of industrial engineering in Small and medium-sized enterprise management.
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Wang, Hongbo. "On Improving the Internal Audit Quality of Small and Medium-sized Enterprises." Lifelong Education 9, no. 4 (July 22, 2020): 177. http://dx.doi.org/10.18282/le.v9i4.952.
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With the progress of economic and social development, SMEs(Small and Medium-sized Enterprises) have come into being. A large number of entrepreneurs have devoted themselves to future emerging markets. Finance, as a core function in the operation of each enterprise, not only provides decision-making information for enterprise managers, but also undertakes the major mission of mastering the rise and fall of enterprises. The financial system under the company's overall system and the audit activities that playing the role of supervision before, during, and after the financial activities are influencing factors of the internal audit quality of the enterprise. This article analyzes how to improve the internal audit quality of an enterprise from three aspects: whether the audit system is well-constructed, the independence requirements of the internal audit system, and the audit assessment control.
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Xu, Zimei. "Research on the Influence of Supply Chain Finance on Enterprise Operation Performance Under the Background of Digital Transformation." Frontiers in Business, Economics and Management 8, no. 3 (April 25, 2023): 172–77. http://dx.doi.org/10.54097/fbem.v8i3.7834.
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In the economic market, small and medium-sized enterprises are the most solid, the most active and the largest entity for promoting economic development, stimulating the demand for innovation, improving people's lives and increasing employment. However, the problem of financing constraint is always the shackle that restricts the development of small and medium-sized enterprises. As a strong support for national development, the integration of the real economy and the financial supply side has been in constant friction. Efforts should be made to create a sound financing ecology, and further promote the solution of the financing difficulties of the real economy, especially for micro, small and medium-sized enterprises. In reality, the shortage of operating capital is always the main factor restricting the improvement of enterprise operation performance. In view of this situation, supply chain finance is regarded as an effective way to solve the financing problems of small and medium-sized enterprises by the theoretical circle and the industrial circle. Supply chain finance, as a new financing solution, helps to optimize the allocation of resources and funds between the upstream and downstream organizations of the supply chain, and gradually becomes an important way to alleviate the shortage of operating funds for small and medium-sized enterprises. This paper systematically reviews the relationships among supply chain finance, supply chain integration, enterprise digital transformation and enterprise operation performance, and reviews the information asymmetry theory and transaction cost theory.
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Hou, Jia Chen, and Dai Zhong Su. "Web Oriented System Supporting Small-Medium Sized Manufacturers." Key Engineering Materials 450 (November 2010): 409–12. http://dx.doi.org/10.4028/www.scientific.net/kem.450.409.
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. Small and medium sized manufacturing enterprises (SMEs) are challenged with the task of producing customized products in a timely and cost-effective manner. Winning competitive advantage is an imperative strategy for SMEs to compete with large sized organizations. The purpose of this research is to establish a Web oriented system to help SMEs to gain a competitive position with particular focus on the issues of product life cycle, supplier selection and product design specification. This is achieved by integrating three models, including Customer-Manufacturer-Competitor Orientation Analysis, Strategy-Position based Supplier Selection, and Component Based Partial Product Design Specification, into the system with the support of Web techniques including Enterprise Java Beans (EJB), JSP, Java Servlet, Java application, etc.
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Park, Daehyeon, Jinhyeong Jo, and Doojin Ryu. "Incentive Contracts for Sustainable Growth of Small or Medium-Sized Enterprise." Sustainability 13, no. 9 (April 28, 2021): 4964. http://dx.doi.org/10.3390/su13094964.
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This study analyzes incentive contracts in public procurement supply chains using a game-theoretic approach. Specifically, we compare a structure in which the host company is a large enterprise and the partner company is a small or medium-sized enterprise (SME) to a structure in which the host is an SME and the partner is a large enterprise. For each structure, we examine whether an incentive contract improves supply chain performance and confirm that the performance improvement effect is greater when the host company is an SME. Our analysis has several policy implications. SMEs are less likely to be selected as host companies for large-scale procurement projects, limiting their growth opportunities. Thus, to enable SMEs’ sustainable growth through large-scale procurement projects, the governments can allocate a portion of public procurement to SMEs. The introduction of incentive contracts elicits sustainable cooperation from large companies when an SME is the host company in a public procurement supply chain.
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Chen, Yingdong, Jian Xing, and Xiaocheng Sun. "Problems and Countermeasures of Human Resource Management in Small and Medium Sized Enterprises." E3S Web of Conferences 235 (2021): 01058. http://dx.doi.org/10.1051/e3sconf/202123501058.
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Due to their own attributes, small and medium-sized enterprises are quite different from large enterprises in various aspects of enterprise management, especially in human resource management. In mature large enterprises, there is a relatively perfect human resource management system, while in small and medium-sized enterprises, most enterprises have a set of human resource management mode, but on the whole, it is not perfect and has many problems. This paper takes small and medium-sized enterprises as the research foothold, studies the problems in human resource management, discusses the relevant research countermeasures, and provides suggestions and reference for the human resource management of small and medium-sized enterprises.
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Ubreziova, Iveta, Anna Diacikova, Oksana Sokil, and Stefan Apostol. "Innovation Ecosystems for the Moldovan Small and Medium-Sized Enterprises." Marketing and Management of Innovations, no. 2 (2020): 298–312. http://dx.doi.org/10.21272/mmi.2020.2-22.
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In the last decades, the word 'innovation' can be heard more and more on the entrepreneurial side. It has a crucial role in satisfying the customers, competition with other companies, and increasing the turnover of the enterprises. SME's economic performance is directly affecting the national budget. Still, there is not a precise method of assessing and improving the innovation process at neither firm nor national level. The paper aims to analyze the current innovative performance of Moldovan SMEs. The analysis will explore factors affecting enterprise innovation. It will determine how the existing innovation ecosystem affects the one in an enterprise, and what methods should be applied to improve innovation as well as the ecosystem. To gain insight, the study conducted an email survey of 150 companies, which were the object for research in the Republic of Moldova. The primary purpose of the study is to emphasize the importance of innovation issues related to increasing SME's competitiveness, in connection with presenting the theoretical aspects in the field, proving basic concepts and quantifying them in the study of innovation as well as various forms, types, and factors influencing innovative organizations. The objective of these enterprise questionnaires is to accumulate substantial and reliable information that is significant to responding to the fundamental research questions. Methodological tools of the research methods were the tools for statistical analysis based on using primary data from the questionnaire research. The reference period for statistical research was 2013 and 2017. The author collected the data between August and September 2018 based on questionnaires filled in on paper or sent through the email by the enterprises included in the research. The results of the study provide the following insights: product innovation is the primary innovation type among Moldovan SMEs; the country lacks financial resources for innovation support. Also, Moldova's weak innovation ecosystem and lack of highly qualified workers slow down the development of enterprises. At the end of the thesis, several recommendations for enterprise managers as well as high-level government organizations were provided. Keywords ecosystems, entrepreneurs, innovation, small and medium-sized enterprises, SMEs, Moldova.
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Nguyen, Phuong Anh, Thuy Anh Tram Uong, and Quang Dung Nguyen. "How Small- and Medium-Sized Enterprise Innovation Affects Credit Accessibility: The Case of Vietnam." Sustainability 12, no. 22 (November 17, 2020): 9559. http://dx.doi.org/10.3390/su12229559.
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Nowadays, small- and medium-sized enterprises play crucial roles in both developed and developing countries. They create new employment, fulfill the market gap, contribute to Gross Domestic Product and boost the whole economy. However, small- and medium-sized enterprises face more financial constraints than large enterprises, which prevent them from growing and expanding their activities. This paper aims to investigate how the innovation of small- and medium-sized enterprises impacts on credit accessibility in Vietnam from 2005 to 2015, through five aspects of innovation: new products, new technology, improved existing products, research and development investment, and machine innovation. The data set consists of more than 4500 observations of small- and medium-sized enterprises in Vietnam. This data set is taken from a survey conducted within the framework of cooperation among UNU-WIDER, the University of Copenhagen and Vietnamese government agencies. Using panel regression model, we found out that three out of five innovation factors significantly impact on credit accessibility. More specifically, research and development investment and new product have negative impact on credit accessibility; whereas new technology has positive impact on credit accessibility. These findings are useful for firm managers, banks and policy makers to help small- and medium-sized enterprises overcome financial constraints through innovation aspects.
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Wang, Han. "A Novel Risk Control Method of Supply Chain Finance for Commercial Banks with Big Data." Highlights in Business, Economics and Management 7 (April 5, 2023): 502–12. http://dx.doi.org/10.54097/hbem.v7i.7028.
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Commercial bank supply chain financial business is mainly divided into accounts receivable financing mode, inventory financing mode and advance financing mode. Traditional supply chain financial business of commercial banks in different modes will form different risks, including small and medium-sized enterprise credit risk, the core enterprise credit risk and credit risk of the third-party logistics warehousing company. Under the background of increasingly powerful financial science and technology, we can use more financial technology through big data multidimensional collecting enterprise information, establishing intelligent risk control process, establishing the core enterprise credit evaluation system, preventing the core and small and medium-sized enterprises collusion fraud, preventing the third-party logistics warehousing enterprise credit risk, and reducing the risk of commercial banks supply chain financial business.
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Yusupova, R. A. "PERFORMANCE OF SMALL AND MEDIUM-SIZED BUSINESSES DURING THE ECONOMIC CRISIS." Bulletin USPTU Science education economy Series economy 3, no. 33 (2020): 139–45. http://dx.doi.org/10.17122/2541-8904-2020-3-33-139-145.
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One of the main tasks of the company's economic security is to assess the level of protection against external and internal threats in order to ensure its stable and effective development. Enterprise security means the state of security of legal, economic and industrial relations, as well as material, intellectual and information resources, which expresses the ability of the enterprise to operate sustainably and effectively. This is especially important in the current reality because of the coronavirus infection. The year 2020 has taken a huge toll on small and medium-sized businesses. Managers and managers should seriously consider how to act in this situation, and what measures should be taken to neutralize threats. The article reveals the impact of the economic crisis on the functioning of the enterprise and methods of minimizing its impact. These methods are as follows: - use of risk management as a part of the company's management system, regardless of its size and the specific production or service provision; - comprehensive market research; - search for highly qualified personnel; - transition to outsourcing. The article describes outsourcing as a scheme of interaction with external suppliers in more detail. Internationally outsourcing has long been recognized as a means of improving the efficiency of an enterprise. However, Russian companies attract independent contractors to perform certain functions carefully[2]. Also, outsourcing helps companies to develop in the market, at the same time reducing costs and maintaining a high position in the market, improve the quality of products and services, reduce risks, which is most important during the economic crisis in the country.
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Adjabeng, Francis Nii, and Francis Osei. "The Development of Small Medium Enterprises and Their Impact on the Ghanaian Economy." Open Journal of Business and Management 10, no. 06 (2022): 2939–58. http://dx.doi.org/10.4236/ojbm.2022.106145.
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Leu, Jun-Der, Larry Jung-Hsing Lee, Yi-Wei Huang, and Chia-Chi Huang. "Sustainable Supply Chains: Evidence from Small and Medium-Sized Manufacturers." Sustainability 13, no. 16 (August 13, 2021): 9059. http://dx.doi.org/10.3390/su13169059.
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As a result of the 1997 Kyoto Protocol, numerous countries have become highly interested in sustainability. Manufacturers have been triggered to develop sustainable supply chain strategies in consideration of their value-added processes and stakeholders. This study was conducted, in the context of small- and medium-sized enterprises in the Taiwanese manufacturing industry, in order to examine the relationship between sustainability and business performance from the perspective of the supply chain aspects of business cooperation, operation integration, and enterprise commitment. A total of 290 companies were surveyed and structural equation modeling was applied to analyze the figures from the samples. The results reveal that the implementation of sustainable practices in the context of enterprise commitments, supply chain cooperation, and operation integration has a positive impact on sustainability and business performance. Furthermore, in high-value manufacturing, supply chain cooperation significantly affects sustainable business performance through internal operation integration. These results may serve as a reference for the realization of supply chain sustainability in small- and medium-sized enterprises.