Competitiveness Of SMEs Research Articles

Impact of innovation strategy, absorptive capacity, and open innovation on SME performance: A Chilean case study

Open innovation has an important impact on the innovative activity and competitiveness of SMEs. Moreover, it is a topic of interest for academics and practitioners. This study analyzes, in the context of SMEs, how absorptive capacity can favor incoming and outgoing open innovation practices, the mediating role that innovation strategy plays in this relationship, and the effect of open innovation practices on performance. Partial least squares (PLS-SEM) and empirical data obtained from interviews with 194 managers of Chilean manufacturing SMEs with between 10 and 250 employees were used. The results obtained make a relevant contribution to the literature in two aspects: (1) absorptive capacity has a significant and positive influence on firms' strategies and outbound innovation practices and (2) firm strategies play a complete mediating role between absorptive capacity and inbound open innovation practices and a complementary mediating role between absorptive capacity and outbound open innovation practices. Additionally, the results show that open innvoation improves SME performance. These results have important theoretical and practical implications for both policy makers and SME managers.

Mechanism of Green Finance Awareness on Sustainable Competitiveness of SMEs

One phenomenon observed during environmental problems was increased green finance in most countries. This study explores the mechanisms of green finance, sustainable competitiveness, and supply chain among SMEs. Self-administered online questionnaires were completed by 738, 314, and 210 senior managers respectively from China, Malaysia, and Singapore. SPSS and Smart PLS-SEM software were used to test the hypotheses. This study aligns with Sustainable Development Goal 11, i.e., sustainable cities and communities, and Sustainable Development Goal 13, i.e., climate action. This study echoes the China government's "double-carbon" target initiative presented in the 75th session of the United Nations General Assembly.

THE ENTREPRENEURSHIP ECOSYSTEM FOR THE MANAGEMENT OF THE INCUBATION AND ACCELERATION OF SMEs IN THE PROVINCE OF SANTA ELENA, A CASE ANALYSIS

This study analyzes the entrepreneurship ecosystem at Santa Elena province. This baseline will serve for the management and promotion of the incubation and acceleration of SMEs and startups within the framework of the research project: Management of innovation and technology transfer through sustainable business incubation and acceleration systems in the province of Santa Elena.
 Methodology: The study variables were approached with a quantitative approach, from the consistency analysis of the data collection instrument, descriptive analysis of the dimensions, and even the deductive contrast of the hypotheses of the relationship between the variables. For this last process, a correlational type of analysis was required.
 Results: Using an online survey, the small businesses segment, made up of 678 companies, registered with the Superintendence of Companies, was surveyed. Under this survey, a total of 259 valid responses were obtained.
 Conclusions: With the results obtained, it can be concluded that entrepreneurship ecosystems boost the competitiveness of SMEs and start-ups, and they require the support and technical assistance of business incubation and acceleration systems. These, in turn, contribute to the progress and socio-economic well-being of the province and region.

FORMATION OF INNOVATIVE POTENTIAL OF ENTERPRISES IN THE CONTEXT OF DIGITALIZATION OF REGIONAL ECONOMIC SYSTEMS

The article analyzes the peculiarities of creating innovative potential of enterprises in the conditions of digitalization of regional economic systems. It is determined that the innovative potential can be considered from the point of view of the ability to produce/produce innovations on the basis of continuous, purposeful, professional, client-oriented activity, based on application of progressive knowledge, generation and realization of the most viable ideas, their commercialization, which makes it necessary to effectively cooperate with external environment and system functioning of all components of the enterprise. The interrelation of the components of the potential of the enterprise and peculiarities of its interaction with the external environment is outlined. Factors of formation of innovative potential of enterprises under conditions of innovative and digital tendencies are determined. The general trends of development of innovative opportunities of Ukraine according to the world ratings have been analyzed (World Competitiveness Rankings, Global Innovation Index). The structure of the sources of financing of innovation activity of industrial enterprises and the change of share of the number of innovation-active enterprises in the total number of industrial enterprises is analyzed. Assessment of direct losses in the industrial sector as a result of the war was carried out. It is determined that attraction of foreign investors into the domestic economy is possible by means of the use of digital transformation instruments, for example, the electronic platform Advantage Ukraine, as well as through the programs of international assistance, for example: «EU4Business: Competitiveness and internationalization of SMEs». The geography of activity of enterprises receiving microgrants from EU4Business is analyzed. It is well-grounded that digital transformation, dizhitalization has a stimulating effect on the development of all spheres, in particular, on the formation of innovative potential of enterprises. In this context, consistency and systematization are important to ensure an appropriate level of adaptability, taking into account limited resources and the formation of the environmental impact of limited resources.

Efforts to Improve the Competitiveness of Chicken Egg Sales

In this research, the background is that there is a lot of competition between entrepreneurs, especially in attracting consumer interest in products so that they can increase their business competitiveness. One way is to implement a marketing strategy. The marketing strategy must be structured effectively in order to be able to create the right strategy as a top priority in the business being carried out in order to maintain the company's existence. The focus of this research is to find out the implementation of the marketing strategy for the Chicken Egg Business in Kuncen Hamlet in increasing the competitiveness of SMEs, to find out the obstacles encountered in implementing the marketing strategy for the Chicken Egg Business in Kuncen Hamlet in increasing the competitiveness of SMEs. The type of research used is descriptive research using a qualitative approach. The method used in data collection is the method of interviews, observations, and documentation. The results of the research show that the marketing strategy used by the Chicken Egg Business is to segment the market, target market, market position, and marketing mix; there are obstacles that affect the marketing strategy in the Chicken Egg Business; The marketing strategy carried out by the Chicken Egg Business has been quite effective in terms of increasing production and sales from year to year.

Strategy to Increase the Competitiveness of SMEs and their Integration into Global Value Chain

Strategy to Increase the Competitiveness of SMEs and their Integration into Global Value Chain

Adopción de Tecnologías de la Información en las PYMEs Ecuatorianas: Factores y Desafíos

The study analyzes the adoption of information technologies in Ecuadorian SMEs, highlighting the enablers and challenges. Adoption has shown significant growth since 2019, driven by government initiatives, access to financing, training programs, and improvements in technology infrastructure. Key technologies adopted include business management software, e-commerce platforms, and digital communication tools. Despite advances, barriers such as resistance to change, high upfront costs, skills gap, and security and privacy concerns persist. Technology adoption has improved productivity, competitiveness, innovation and customer satisfaction in SMEs, but it is essential to address the identified barriers to maximize the benefits of digitization. Supporting policies, continuous training and strengthening the technology infrastructure are crucial for successful technology adoption.

ANALYSIS OF COMPETITIVENESS SMI BATIK IN BOGOR CITY

This study aims to identify and analyze the competitiveness of batik SMEs in Bogor City. Data were obtained from interviews with 3 batik SMEs in Bogor City using descriptive qualitative methods using SWOT analysis. The results of this study indicate that if you carry out a strategy carried out by each SMI using the SO strategy, that is a strategy that uses strength to take advantage of the opportunities that exist in each IKM in the city of Bogor.

The Effect of Digitalization on the Sustainability of Malaysian SMEs

In many developing countries SMEs are considered as one of the main contributors to their economic growth. Despite this achievement, SMEs across different sectors, face various challenges and issues, including those SMEs in Malaysia. Covid-19 pandemic is one of the most recent issues that particularly affect the business operations Malaysian SMEs. Due to the implementation of the Movement Control Order (MCO), Malaysian SMEs struggles in handling the situation which caused limited supplies, huge drop in sales, less cash flows, and restrictions on face-to-face dealings. Enormous number of Malaysian SMEs have discontinued their business operations and failed to survive during this critical juncture. The phenomena alarmed the concern over the sustainability issue of SMEs. Sustainability requires businesses especially SMEs to be more profitable and respond faster to market changes. SMEs' sustainability would be attained if their resources are more sufficient and flexible. In responding towards sustainability issues during the uncertain environment, many SMEs have adopted technological advances and digitalization. Although initiatives in adapting technology existed among the SMEs and have proven to be valuable in supporting SMEs competitiveness, many faced failures in successfully adapting it due to various challenges. Digitalizing SMEs activities are challenged by the need for large capital, lack of specific resources, lack of knowledge, insufficient funds, inadequate planning and technological incapability. This paper deliberates the importance of having dynamic resource capabilities in ensuring a successful adaptation of digitalization by SMEs. The discussion is extended on the need of dynamic capabilities in handling uncertain issues, which eventually determines their sustainability.

Knowledge Hiding in Small Medium Enterprise Owned by Family Business: The Role of Knowledge Complexity, Psychological Ownership and Avoidance Motivation

<p>This study aims to formulate and answer phenomena related to the competitiveness of family business-based SMEs in the era of disruption from the perspective of knowledge hiding bevahior (KHB), which is influenced by knowledge complexity (KC), psychological ownership (PO) and moderated by avoidance motivation. This research is a survey research type with a quantitative approach. The analytical technique used is SEM-PLS with the help of analysis tools using SMART-PLS 3.0. In addition, simple slope analysis is used to see the moderating role of avoidance motivation in moderating the effect of psychological ownership on knowledge hiding. Respondents in this study were 187-line managers from 78 SMEs. The sampling technique used was non-probability sampling with a saturated sampling method. The results showed that all hypotheses were accepted, which means that psychological ownership has a positive and significant effect on knowledge sharing, and avoidance motivation can moderate psychological ownership on knowledge sharing. This study contributes to examine the source and effect KHB, thereby providing a method for SMEs, particularly in Indonesia, to effectively reduce KHB. This study also finds AM as a moderating variable that modulates the effect of KC on KH, whereas this was rarely explored in earlier study.</p>

Economic Recovery Strategy for the SMEs Post Covid-19 Pandemic in Ponorogo: The Role of the Penta Helix Model

This study aims to develop a Penta helix collaboration strategy for SMEs in Ponorogo. The research method used in this research is qualitative with data collection through interviews, surveys, and observations. This study indicates that to develop sustainable SMEs, necessary to involve elements that play and contribute equally in developing the competitiveness of sustainable SMEs. Ponorogo needs to apply the Penta helix strategy in planning, implementing, and developing SMEs. The strategies that need to be carried out by the Penta helix elements involved are 1) The Government of Ponorogo needs to provide training and business assistance on an ongoing basis and provide convenience for MSMEs in terms of business legality. 2) Academics play a role as companions for MSME development and resource persons in business managerial training, 3) The media plays an active and sustainable role in publicizing and promoting MSME products so that they can be known by the wider community. 4) The Ponorogo community can play a role in assisting the right marketing strategy according to the problems faced by each MSMEs, and are also active in consuming MSMEs products. 5) Industry and business people play a role as partners who foster MSME product opportunities in facing competition by collaborating in the fields of training, marketing and assisting in building partnership networks.

Influencia de las percepciones y actitudes gerenciales en la oferta enoturística en empresas vitivinícolas

This article sets out to analyse the perceptions and attitudes of the managers of the wine and viticul‑ tural companies of the Guadalupe Valley (Mexico) regarding wine tourism activities, that has experienced steady growth in the northwest of the country wth the wine routes in Baja California. To this end, we used quantitative methods to construct and validate a measurement instrument to gauge levels of reliability based on three prem‑ ises: perceptions, attitudes and wine tourism activities. This was applied to a representative sample of 64 com‑ panies, using structural equations with partial least squares (PLS). As a result, it can be seen how managerial perceptions are competitively focused on perceived threats posed by new competitors and products, with attitudes centring on their client portfolio and employee productivity, and wine tourism activities of tastings and tours. Consequently, this research contributes to the scientific debate on the organisation and business management of the wine tourism sector, by highlighting the specific metrics of business competitiveness in SMEs.

SMEs Competitiveness on Market and Resource Based Integration

SMEs Competitiveness on Market and Resource Based Integration

DETERMINANTS OF SME SUCCESS OR FAILURE IN FRONTIER MARKETS

SME competitiveness, financial stability, and and its continuity as a going concern are important considerations for company stakeholders. This research is utilizing logistic regression to examine the determinants of SME business success or failure in Cambodia. A total of 314 successful and 78 failing SMEs were examined. Information was gathered through a survey questionnaire that had been previously validated in various countries based on the financial and non-financial information of SMEs. The study found that four factors, namely the owner’s education level, owner’s marketing skills, customer complaints, and the age of the business were important in determining the success or failure of SMEs. The predictive accuracy of the model was 95.5 percent, with an R-square estimation of 64 percent. Policymakers can use the results of this study to prepare and train aspirant entrepreneurs and current SME proprietors to keep proper records and maintain financial control, and develop marketing and other skills to assist their businesses to succeed. The findings can provide insights for entrepreneurs, especially with respect to efficient resource allocations that may help avert or lessen the rate of failure among SMEs. The findings can also help strengthen the SME sector in Cambodia, by providing more employment opportunities, assisting in better income distribution, and eventually leading to long-term prosperity and competitiveness.

Лінгур Л. М., Мартинюк О. А., Єсіна О. Г. ВПРОВАДЖЕННЯ СТАНДАРТІВ ЯКОСТІ В УПРАВЛІННЯ ПІДПРИЄМСТВАМИ МАЛОГО ТА СЕРЕДНЬОГО БІЗНЕСУ

The purpose of the article is to study the existing international standards, determine the advantages and disadvantages of implementing QMS in the activities of SMEs and highlight the system-forming factors of ensuring the competitiveness of SMEs based on TQM in modern conditions. Methodology of research. Achieving the goal set in the article was achieved with the help of structural analysis, logical generalization and analytical method. Findings. Integration of Ukraine on an equal basis into the world economy is possible only if international standards are used. Therefore, there is conscious need to review current quality management methods and ensure systematic approach to the "quality problem". One of the most effective ways to solve this problem today is the application of ISO 9000 series international standards. The presence of certification is an additional advantage when solving questions about lending, investing in industrial enterprises for business expansion or modernization. The types and necessity of implementing ISO, the TQM system and mechanisms of their interaction are considered. The points of influence of ISO 9001:2015 are determined and the system-forming factors of competitiveness for small and medium-sized enterprises based on the system of quality management standards are described in detail. The authors considered systemic factors that affect the competitiveness of small and medium-sized enterprises in context of the implementation of QMS. They were divided into factors of the external and internal environment. In addition, in this format, the legal and market aspect, internal organizational and financial aspects, the aspect of managerial influence and improvement of the business system were considered. Practical value. Implementation of QMS at the enterprise provides advantages: achievement and stable maintenance of high quality of goods, in accordance with consumer criteria, preservation of existing market segments and their expansion, modernization of technical processes, competitive advantages in participation in tenders, international cooperation. This will allow entrepreneurs to better understand the advantages and disadvantages of the implementation of QMS system and need for its certification, as well as highlight the opportunities that must be applied in the near future, when the emergency recovery of the economy begins after Ukraine's victory in the war with the Russian aggressor.

글로벌 경제질서 변화에 따른 수출금융 지원제도 개선에 관한 연구

Purpose : This study presents a plan to enhance the competitiveness of SME exporters by identifying problems in the domestic export finance system in accordance with changes in the global economic order.
 Research design, data, and methodology : Reviews of previous studies in the literature are related to domestic export finance support system, and analysis of work procedures in export finance support institutions.
 Results : This study analyzes how the current export finance support system is somewhat insufficient in terms of policies that enhance the export competitiveness of SMEs in a rapidly changing trade environment.
 Conclusions : In order to improve Korea's export finance support system, it is necessary to establish a one-stop financial service system to support a response to the trade paradigm shift, to encourage induction of services in the manufacturing industry, to diversify support programs suitable for the characteristics of SMEs, and to integrate support systems by institution. All are urgently needed.

Digital Agility, Digital Competitiveness, and Innovative Performance of SMEs

Digital Agility, Digital Competitiveness, and Innovative Performance of SMEs

Impact of Innovation on the Competitiveness of SMES in Mexico

The impact of innovation on the competitiveness of Small and medium-sized enterprises (SMEs) in Mexico is analyzed. The measurement of competitiveness is done by analyzing export activity, while the measurement of innovation is based on the frequency with which SMEs develop, adapt and generate technology for their own use or for subsequent sale and the frequency with which they register patents and trademarks. A logistic model is estimated considering structural characteristics, business strategy, innovation effort and innovation performance of firms with data from the survey ENAPROCE 2018. The results indicate that innovation has a positive effect on the competitiveness of SMEs in Mexico. If the firm adapts and modifies technology to achieve higher productivity, the probability that the firm is competitive is 0.0347% higher than firms that do not do so. The average total personnel employed, the years of operation and the percentage of foreign equity ownership are factors that have a positive effect on the probability that firms are competitive. In the factors that evaluate the innovation effort of SMEs, spending on research and development, spending on innovation, and investing in machinery and equipment are determinants for firms to increase their probability of being competitive.

Formulation a Strategy to Increase the Competitiveness of SMEs: a Case Study on the Industry of Batik Bojonegoro

Batik has quite a stable market trend, both in national and international markets. Almost every region in Indonesia has a specific and unique batik product. On one side, this condition enriches national batik variation so that consumers have many choices. On the other side, it triggers competitiveness, particularly in the national batik market. Therefore, SMEs working with batik must have competitiveness in encountering competitors. This research aimed to formulate a strategy that improves the competitive advantage of the Batik Bojonegoro Industry. The researcher employed a qualitative approach. Managers and employees of Batik Bojonegoro Industry were the research subjects. The data were collected through interviews, documentation, and observation which were then analyzed by Internal Factor Evaluation (IFE) Matrix, External factor Evaluation (EFE) Matrix, Internal-External (I-E) Matrix, and Quantitative Strategic Planning Matrix (QSPM). The research result showed that the Product Development Strategy is the best strategy to improve the competitiveness of the Batik Bojonegoro Industry. This strategy has the highest Sum Total Attractiveness Scores (STAS) value on the QSPM matrix by 5.81. Product Development Strategy is the most appropriate strategy for Batik Bojonegoro SMEs to confront the power of competition and strengthen the competitiveness of businesses.
 Keywords: Business strategy, competitiveness, SME, Batik Bojonegoro.

Main Competitive Factors in European Hotel SMEs

This study aims to analyse the current state of the art regarding the competitiveness factors of small and medium-sized hotel companies, applying a systematic and international literary review focusing on Europe. This study opted for a systematic review involving the analysis of documents, articles, dissertations, and international academic works that presented theoretical and empirical research results. The research was conducted from January to May 2021 using online databases and search engines. The selected studies focus on finance, innovation and marketing as the main factors that generate competitiveness in hotel SMEs. Most have been published in European countries since 2014. Some characteristics coincide with various geographical contexts, such as the importance of profitability and financing, the use of financial information, product and process innovation, market positioning, knowledge of the competition and customer satisfaction. Some implications for Europe are also analysed.