Development Of Medium Enterprises Research Articles

Strategi Bisnis Usaha Mikro Kecil Melalui Analisis SWOT Pada Usaha Dagang Di Desa Sari Mekar (Studi Kasus UD Toya Mertaada)

The industrial revolution makes a person have to think critically and creatively with implementation through entrepreneurship, namely in the form of micro, small and medium enterprises which until now have become one of the potential and promising business opportunities. Development of micro, small and medium enterprises will increase business competition, such as UD Toya Mertaada, which is located in Sari Mekar Village, must implement a business strategy so that the business being run has a competitive advantage.
 This type of research is a qualitative research that seeks to collect facts and circumstances properly through interviews. The interview technique used is an unstructured interview which freely asks various questions to the informant. Interviews were conducted with business owners, employees, and several consumers.
 The results obtained based on the SWOT analysis show that UD Toya Mertaada is in Quadrant I. This indicates that UD Toya Mertaada has great opportunities and strengths so that they can take advantage of existing opportunities. It can be concluded that the strategy implemented is to support an aggressive growth policy (Growth Oriented Strategy), with the implementation of this strategy UD Toya Mertaada can maximize its strengths to take the opportunities that exist so that it can compete with other businesses, and it is even possible to win the business competition.

ANALYSIS OF THE INFLUENCE OF CAPITAL AND BUSINESS DURATION ON THE INCOME LEVEL OF SMEs (Case Study at CMC Cake Shop

The development of Micro, Small and Medium Enterprises (MSMEs) in Indonesia is getting faster and more advanced. The problems of obstacles and obstacles faced by MSME entrepreneurs in increasing income are very complex and include several aspects which are closely related to one another, including: lack of managerial skills and skills in operating as well as the absence of legal sources from the company, weak organization and limited marketing, lack of capital both in quantity and sources. Therefore, business actors only get unstable or fluctuating profits in their business, therefore the author wants to examine the Analysis of the Effect of Capital and Length of Business on the Income Level of Umkm Cake Shop Cmc located in Keude Buloh Blang Ara, kec. Kuta Makmur, Kab. North Aceh. The founder and owner of Umkm is Mrs. Marlina, S.Pd. who lives in the village of Ceumeucet, Kec. Kuta Makmur, Kab. North Aceh. The target in this study was the owner of the Cmc Cake Shop. The researcher used a qualitative research approach, namely the interview method used to collect data related to business capital, length of business, and income of UMKM UKM Cake Shop traders. The results of this study indicate that the length of business is very closely related to the income of MSMEs. The long term of business also makes customers believe that these MSMEs are good MSMEs. From this it can be concluded that the relationship between business length and income is positive. Business capital is also one of the variables that play an active role in influencing the income level of UMKM CMC cake shops.

Pendampingan Legalitas Usaha Perorangan Melalui Sistem Online Single Submission pada UMKM Pelampung Pancing

In the development of Small and Medium Enterprises (SMEs), one of the important aspects is business legality. Business legality is a form of licensing that can legalize a business entity or company so that it can be recognized by the government and the public. Implementation of community service in the form of business legal assistance to one of the fishing buoy SMEs in Cipicung Village through the Online Single Submission (OSS) system. This community service aims to increase legal awareness of MSME actors to take care of the legality of their business, as well as help MSME actors to have business license certificates. The method used to increase legal awareness is by providing assistance. Micro, Small, and Medium Enterprises as one of the actors of economic development in the regions need to be empowered through human resource development, capital support, production and productivity, business protection, partnership development, business networks and marketing as well as business legality through Online Single Submission (OSS). The results of the assistance that have been carried out for fishing buoy business actors in Cipicung Village have obtained the legality of the Micro and Small Business License (IUMK) and have been successfully issued

An assessment of business environments and their effects on small and medium enterprises in Kaduna State-Nigeria

This paper assessed the impact of some external business environment on Small and Medium Enterprises of Kaduna state of Nigeria. The study population embraced SMEs registered with Small and Medium Enterprise Development Agency of Nigeria in Kaduna State with the total of 904. Taro Yamane formula was used to obtain a sample size of 400. The study takes on survey design. Findings revealed that infrastructural facilities have a significant and positive effect on SME’s service quality (0.142: p= 0.067<0.05).The government taxation policy have a significant and positive effect on sales revenue (0.146: p= 0.314<0.05). On the government/institutional support variable, result shows that it have a positive but no significant influence on job creation (0.544: p= 0.000>0.05). The analysis of insecurity and market growth shows a negative and significant effect of insecurity on SMEs market growth potentials (0.038: p= 0.769<0.05). At tail end, infrastructural facilities, taxation policy, and insecurity had a significant effect on service quality, sales revenue, and market growth respectively, government/institutional support have no significant effect on job creation. It was recommended that in order to supplement on the whole performance, SMEs should always make sure adequate scan of the external business environment to identify possible threats and opportunities surrounded by their working environment, In addition the government should charge a lower tax to augment increase in revenue base of SMEs. Also, infrastructural facilities in Kaduna state, should be given appropriate concentration, in the same vein, there is a need for the government to endorse extra attempt in conditions of policy arrangement and accomplishment.

Digital technology use of SMEs during the COVID-19 pandemic in Turkey: mobile applications’ role on motivation and job performance

PurposeThe purpose of this article is to examine the impact of digital technology (specifically mobile applications) use on employees' perceptions of motivation at work (MW) and job performance (JP).Design/methodology/approachSurvey data were collected from 4,089 employees working in small and medium-sized enterprises (SMEs) registered to Small and Medium Enterprises Development Organization (SMEDO) in Turkey. The relationships were assessed through structural equation modeling with bootstrap estimation.FindingsThe results support the proposed framework illustrating the positive effect of perceived usefulness (PU) and perceived ease of use (PEOU) of mobile applications on employees' perceived JP. Findings indicate that MW has exhibited a mediating effect between both PU and JP and PEOU and JP.Originality/valueThis article discusses the accelerating role of coronavirus disease 2019 (COVID-19) pandemic on SMEs' technology acceptance and the acceptance's positive impact on employees' motivation and performance. This article adds to the literature on SMEs by enabling researchers and practitioners to understand the issues in digital technologies acceptance by SME employees and contributes towards enriching the knowledge on technology acceptance perceptions' role in SMEs coping strategies during the COVID-19.

Analisis Soft System Methodology Pembangunan Agroindustri Pangan Berbasis Pengembangan UMKM di Indonesia

This study is action research with a qualitative research approach using a soft system methodology (SSM) as an analytical technique to the problems. By carrying out 7 stages of SSM obtained indicators for development of food agroindustry based on Micro Small and Medium Enterprises (MSMEs) development includes business productivity, market demand, business protection, market guarantees, business policies, business operational systems, business administration, ability to innovate, ability to identify opportunities, financial performance, asset formation, which can be done with openness and participatory actors as well as being able to look for opportunities to anticipate change. In this case, it is necessary that role of academics needs to be encouraged to function as an educational institution by prioritizing to entrepreneurial development mission through education, training, and research by establishing partnerships with various parties widely. Industry and private sector need to be involved in providing business capital and assistance, providing goods and services for food agroindustry actors and cooperation that supports the involvement of academics through empowerment. For this reason, it is necessary to regulate overall food agroindustry development system with MSMEs development policies that in line with appropriate needs and desires according to the interests of all parties.

Guidelines for the development of small and medium enterprises into high-value markets

This study aimed to explore the approaches for transforming Small and Medium Enterprises (SMEs) into high-value markets, focusing on constructing a structural equation model of guidelines for the development of small and medium enterprises into high-value markets. The conceptual research framework consisted of one exogenous latent variable, the Value Discovery element, combined with the four endogenous latent variables, Value Development, Value Communication, Value Distribution, and Value Experiences. The study utilized mixed-methodology research, including qualitative research through in-depth interviews with nine experts, a focus group discussion with 11 successful entrepreneurs, and quantitative research through a survey of 500 SMEs in Thailand. The results revealed that SMEs operating in high-value markets are divided into tangible and intangible products, representing 250 respondents from each group. The five elements of the guidelines for the development of small and medium enterprises into high-value markets were found to be of high importance both overall and in each element. The developed SEM model was consistent with the empirical data of five elements with 27 observed variable factors. Furthermore, the hypothesis test results for analyzing the causal influence between latent variables in the SEM model revealed that all six hypotheses were supported at the 0.001 level of statistical significance. The value of the study is beneficial for SMEs who target to do business in high-value markets and can improve their competitiveness, develop unique value propositions, and provide better customer experiences.

The Influences of Institutional Theory in the Development and Operationalization of Small and Medium Enterprises in Bangladesh

The study aims to explore the influence of institutional theory in the development and operationalization of small and medium enterprises (SMEs) in Bangladesh. The study employed a qualitative case study method to attain the research objective. Data has been collected through semi-structured interviews from ten respondents. The study finds that various dimensions play a pivotal role in shaping the trajectory of these enterprises. Isomorphism, operating through coercive, memetic, and normative mechanisms, further underscores the complex interplay of institutional forces. Coercive isomorphism introduces challenges such as financial stringency, complex loan structures, non-banking support, and mandatory restrictions. Memetic isomorphism, rooted in community support, cultural development, and tradition, shapes the identity of SMEs, influencing their operational choices. Normative isomorphism drives struggle for industry recognition, financial independence from bank loans, and collaborative efforts within the SME ecosystem. Institutional norms, emanating from the broader institutional environment, intricately shape the behaviors and decisions of SMEs. This comprehensive analysis sheds light on the nuanced dynamics that SMEs encounter in their developmental journey in Bangladesh. Recognizing and adapting to these institutional nuances will empower SMEs to navigate challenges and leverage opportunities, fostering a more robust and sustainable entrepreneurial ecosystem in the country. The concept of legitimacy, spanning financial, loan, government support, operational, and certification aspects, emerges as a cornerstone for SMEs to establish credibility and acceptance. Understanding and navigating this multifaceted legitimacy landscape are critical for SMEs to secure the necessary resources for growth.

Development of small and medium enterprises in Serbia for the period 2015-2020. years

The sector of small, medium enterprises and entrepreneurs has an important role in economic development of all countries. In recent years, they have become carriers of economic growth, regardless these are countries with developed economies, developing countries or countries in transition. These businesses entities contribute to increasing dynamics of the economy and improving its competitiveness. Their basic role in the economic system is to solve the problem related to low economic activity, low innovation, low level of competitiveness, unequal distribution of wealth and income, as well as high unemployment rate through the creation of new jobs. In Serbia, they also represent an important economic factor of development. Given that, they have the potential for further growth and development, this paper is about analysis of the development of the entrepreneurial sector in Serbia and neighboring countries, with special reference to the period from 2015 to 2020 years. The sector of small and medium enterprises is an extremely important economic segment, as the analysis of the development of this sector will show.

The role of small and medium enterprises in the formation of a sustainable tourism industry in Akmola region

The article examines the role of small and medium enterprises in the formation of the tourism industry and the overall growth of economic activity. The quantitative indicators and qualitative criteria used in determining small and medium enterprises, as well as the principles of sustainable destinations defined by the World Economic Forum, are analyzed. The program documents aimed at the development of various sectors of the economy, including tourism, are considered through the prism of the presence in them of measures to support small and medium enterprises, as well as the sustainability principles. The content of the main program documents of the tourism sector is analyzed in terms of the sustainability principles. The article also studies the trends in the development of small and medium enterprises in the Akmola region tourism industry.

INSTITUTIONAL SUPPORT FOR INNOVATIVE MODERNIZATION OF THE TECHNICAL BASE OF THE AGRICULTURAL SECTOR OF UKRAINE

Purpose. The aim of the article is to offer practical recommendations for improving institutional support, in particular, state support for innovative modernization of their technical base based on the generalization of the research of scientists and the activities of farms in the corporate sector of the agrarian economy, Methodology of research. General scientific and special methods of economic research were used in the process of conducting the research, in particular: systemic approach − when studying the connections between phenomena and processes in the system of investment activities of agricultural enterprises; statistical analysis − when determining the dynamics of investments in agricultural enterprises; grouping − to determine the influence of various factors on the level of development of investment activity in small, medium and large enterprises; comparative − to compare investment processes in different time periods in order to identify a cause-and-effect relationship; dialectical, abstract and logical − when making theoretical generalizations, forming conclusions. Findings. It has been established that the priorities of investment activity for large, medium and small agricultural enterprises have become the implementation of capital investments, which serves as proof of their orientation towards the technical and technological modernization of the production base. Among the restraining factors of the development of investment activities, the following are highlighted: insufficient level of provision of own financial resources, imperfection of the regulatory and legal framework. Insufficient investments in increasing soil fertility and lack of economic interest in the implementation of ecologically oriented investment projects were noted. Originality. The directions for the modernization of the technical base of farms of the corporate sector of the agrarian economy in the post-war period of the country's revival, which involves improving the functioning of institutions, primarily methods of state support and the formation of prerequisites for attracting investments on the basis of public and private partnership, are substantiated. Practical value. The proposed recommendations can be used in the development of perspective plans for the development of small, medium and large agricultural enterprises, as well as in the preparation of state and regional programs for the comprehensive development of rural areas in the post-war period of the revival of the country's economy. Key words: innovation, institution, technical base, agricultural sector, investment, state, lending

Doctoral dissertation summary: Outdoor tourism development concept as a generator of destination competitiveness

The analysis of the current situation and the possibility of development of outdoor tourism on the island of Krk with the aim of developing a tourist destination based on small and medium enterprises through the model of development concept is the main objective of the research. The purpose of this dissertation is to research the development of a tourist destination, small and medium enterprises, following the creation of a successful model that ensures the competitive advantage of the destination in accordance with the new market demands and new trends in tourism with the aim of differentiating the tourist product. Since the island of Krk has all the natural conditions for the development of outdoor tourism, it is necessary to implement a model of the concept of outdoor tourism development at all levels of destination management and all stakeholders involved in the creation of a tourist product. For the implementation of the innovation, the existing system of destination management, the definition of objectives and operational strategies is challenged. The primary importance of defining the model of the concept of development is based on information and knowledge management in the future. In accordance with the theme and purpose of the research, the aim of the research is to conduct a situation analysis and determine the possibilities of outdoor tourism development in the sphere of entrepreneurship on the island of Krk, set goals and proposals for innovative operational strategies and ways of managing development at all levels and innovate the tourism product by creating a model of the concept of outdoor tourism development. The model of the concept of development, the goal of this research, connects to the goals and innovation of the operational strategies as a set of dynamic activities that must be used to transform the tourist destination as a carrier of change, to be ready to achieve competitiveness in a dynamic tourism market in the function of development of small and medium enterprises.

Enhancing Entrepreneurial Skills in Foods and Nutrition through Creativity and Critical Thinking among Tertiary Institution Students in Lagos State, Nigeria

The research focused on how university students in Lagos State may improve their entrepreneurship abilities through creativity and critical thinking. Survey research design was used. The study's population was 114, which included 14 Home Economics teachers teaching Food and Nutrition courses, 40 Senior Staff of Nigeria's Small and Medium Enterprise Development Agency, and 60 Home Economics students. There was no sampling since the population was small. For data gathering, a questionnaire was employed. The data were examined using mean and standard deviation. Findings revealed that in-service training for lecturers, proper integration of practical with theory in teaching foods and nutrition, and curriculum review in foods and nutrition programs to instil entrepreneurial skills that will meet the needs of students, among others. The difficulties in acquiring entrepreneurial skills via creative and critical learning included the fact that most higher institutions do not have foods and nutrition laboratories, and there are few vocational foods and nutrition specialists. Findings also revealed that arousing attention and retention among university students by presenting learning objectives through qualified lecturers, facilitating students' awareness of the expected learning outcomes, and providing learners feedback on exercises and activities carried out in the food laboratories are ways of reducing challenges to enhancing entrepreneurial skills through creativity and critical thinking. The recommendation includes that there should be regular training and re-training programs for Food and Nutrition teachers in the form of seminars and workshops.

Do Small and Medium Enterprises Spur Economic Growth? Evidence from Nigeria (1999-2020)

This study investigates if Small and Medium Enterprises (SMEs) contribute to economic growth in Nigeria between 1999 and 2020. The data used for the study were obtained from CBN statistical bulletin and National Bureau of Statistics in collaboration with Small and Medium Enterprises Development Agency of Nigeria on the variables such as the number of SMEs in Nigeria (NSMES), Commercial Banks Credit to SMEs (CBSME), SMEs employment generation (SMEEG) and interest rate (INTRT). Since the data for the variables are time series which are always not stationary, the test of staionarity was conducted using Augmented Dickey-Fuller unit root test. ARDL Bounds test for co-integration was employed to check the long run relationship while Autoregressive Distributed Lag (ARDL) technique was employed to estimate the parameters of the model. From the results of the regression, some variables such as NSMES, CBSME and INTRT have positive impact on the economic growth while SMEEG has negative impact on economic growth in Nigeria in the short run. The result further shows that only NSMES has significant impact on economic growth, while CBSME, SMEEG and INTRT are insignificant. The study therefore, recommends that government should create enabling environments for the SMEs to thrive well. Also, commercial banks should encourage financial inclusion, that is, SMEs should be given easy access to loans. This can go a long way to help investors to bring their ideas into reality.

Pendampingan branding identitas usaha upaya peningkatan daya saing UMKM catering “Dapoer Attila”

Dapoer Attila Catering is one of the MSMEs in Setren Village Bayeman Hamlet Balerejo Madiun Regency. The development of micro, small, and medium enterprises (MSMEs) requires business owners to have a marketing strategy for marketing their products to increase competitiveness and develop their business potential. One of the strategies, in this case, is branding. Branding exists in a product or service, such as a name, sign, symbol, logo, or combination intended to identify a product or service. Branding aims to introduce a product to the broader community, build public trust in a product, and shape public perceptions of the product being sold. Based on the above problems, a community service program was carried out to help brand the identity of the Dapoer Attila Catering business using the Canva application. Based on the service results, the service program has gone well because MSME partners can gain knowledge and skills.

The Impact of Bank Credit on Economic Growth: Libyan Bank of Commerce and Development

All This paper mainly aimed to examine the role of Libyan Bank Commerce and Development in financing economic development through bank lending. In addition, a study is being conducted to identifying the extent of the interrelationship between bank credit and economic development. The major challenges encountered by the bank under study when developing plans and policies to contribute to the development process should also be identified and noted. The supervisory financial regulatory authorities in United States of America rely on the CAMELS rating system, which was developed in 1996 to assess the financial condition of a bank and identify its strengths and weaknesses based on its performance in five areas. A descriptive and quantitative analytical approach was used for the study by developing a standard model to determine the impact of bank credit affects Libyan gross domestic product. We collected data from the Libyan Bank Commerce and Development by financial ratios of the CAMEL model, bank credit and the Central Bank of Libya by gross domestic product growth. An important finding of the study is that the indicators of the Bank Commerce and Development are weak, which negatively impacts economic development. In this study, E-Views software was used to consider the normal distribution of the sample and to analysis the data. Furthermore, the study revealed that the bank credit of the Bank of Commerce and Development had a statistically significant effect on economic development. As a result, the bank shows a strong economic contribution to the development of economic sectors, especially small and medium enterprises.

Acceptance of Interest-Free Banking among Small and Medium Enterprises: A Structural Equation Model

Interest-free banking in Nigeria is evolving, which is supposed to be solid and ready to compete with conventional commercial banks that have dominated the market for more than a century. SMEs had difficulty in getting the funding they required to grow. The study examines the determinants of SMEs' acceptance of interest-free banking in Nigeria. The study used purposive sampling and adapted a questionnaire to collect data from a sample of 323 SMEs registered with the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN). A structural equation modelling via analysis of moment structures (SEM-AMOS) was used for data analysis and hypotheses testing. The study found a significant positive relationship between SME owners' religion, financing opportunities and acceptance of interest-free banking. The study also finds a positive but insignificant effect of a service cost on the acceptance of interest-free banking. Knowing the drivers of SMEs' acceptance of interest-free banking could guide banks' marketing strategies to compete with other types of banks in the industry. The study recommends that interest-free banks ensure the provision of products and services that comply with the religion of their existing and potential customers.

Do international resources configure SMEs' sustainable performance in the digital era? Evidence from Pakistan

This study examines the impact of international resources on sustainable performance through the mediating role of green entrepreneurial orientation. In emerging economies, the business sector, especially Small and Medium Enterprises (SMEs), has a number of obstacles, including a lack of resources, financial support, and professional skills. Furthermore, SMEs depend on international resources to compete in an unpredictable industry in the long term. A structured questionnaire survey was undertaken to collect data from 380 Pakistani SMEs in order to preserve the productive insights. For data processing, a hybrid partial least square structural equation modelling (PLS-SEM) and Artificial Neural Network (ANN) technique was used. The findings show that financial resources have a favorable and substantial influence on SMEs' long-term performance, but technical resources have no meaningful impact on SMEs' long-term performance. Furthermore, green entrepreneurial approach somewhat mediators the association between financial resources and long-term success while totally mediating the link between technical resources and long-term performance. Finally, we run a sensitivity analysis to confirm our results. The ANN design explains 71% of the suggested model's accuracy. This report offers significant advice to managers, politicians, and other stakeholders about the importance of international resources and competencies. It is advised that the Small and Medium Enterprise Development Authority (SMEDA) and the government of Pakistan concentrate more on these chances for long-term performance in order to compete in the worldwide market.

Management Style SMEs Development of Wooden Batik Centre

Industrial centers are often used as places for small and medium enterprise (SMEs) development activities and sources of regional income. This includes wooden batik centers in the DIY Province, namely in Putat Village, Gunung Kidul Regency, and Sendangsari Village, Bantul Regency. However, the development activities of SMEs in industrial centers in Indonesia were not optimal, one of the reasons is the management strategy. Therefore, this article contains a comparative study of management styles of development activities, using qualitative research methods, with multiple cases. The results showed that there was a different management style of SMEs development activities in the wooden batik center, where the management style of the wooden batik center SMEs development activity in Putat Village which was applied by the management of Kopinkra Sumber Rejeki Makmur as a center development institution was authoritarian, so the management system tends to be closed. In contrast to the management style of SMEs development activities in the wooden batik center in Sendangsari Village, which is applied by the Sido Katon Cooperative management as a development center institution assisted by the Pokdarwis Institute and BPDW Krebet Binangun, it is democratic, so the management system tends to be open.

Cooperation between Ukraine and the organization for economic cooperation and development

The article aims to determine the current and promising directions of cooperation with the OECD for Ukraine at the present stage of socio-economic development, including agriculture. The research was carried out using logical analysis, generalization, and systematization methods. The study analyzes the history of Ukraine's cooperation with the OECD; it was noted that this cooperation is promising for the country in the context of increasing the efficiency of its state administration, reforming the economy and the education system, developing infrastructure and energy efficiency, advancing in the European integration process, etc. The OECD is an essential partner for Ukraine on the way to establishing relations with other international organizations and the state authorities of its member countries. The OECD is crucial for attracting investments and business development in Ukraine (including small and medium-sized enterprises). The study systematizes the main directions of Ukraine's cooperation with the OECD. The main relevant areas of social and economic development of Ukraine, which can be activated thanks to the collaboration with the OECD, include reforms in the field of regulatory policy and transparency of management; improving the quality of education; development of small and medium enterprises; development of infrastructure and energy efficiency; fight against crime related to corruption; exchange of experience and technologies, development of the agricultural sphere. The problems of cooperation between Ukraine and the OECD include insufficient implementation of OECD recommendations and standards; difficulty implementing reforms for joining the OECD; lack of financial resources; insufficient level of awareness and involvement in OECD activities. Determining and understanding the essence of shortcomings in Ukraine's cooperation with the OECD makes it possible to eliminate them and increase the effectiveness of collaboration. The practical significance of the research results lies in the fact that they can be laid as a basis for further scientific research and used in the development/formalization of the mechanism of interaction between Ukraine and the OECD in the war and post-war period. Keywords: Organization of Economic Cooperation and Development, Ukraine, cooperation, socio-economic development, agriculture.