Development Of Medium Enterprises Research Articles

The learning model and the development of small medium enterprises in Indonesia

The purpose of this study is to describe how the learning process is based on the value of “gotong royong” that occurs in the SMEs community in order to face the challenges of high competition in the current era of globalization. Gotong royong is a principle of reciprocity. This means that it does not aim to get money or other materials but it is a hope that when needed there are those who help in the community of gotong royong.This study applied a qualitative method using case study approach. This study was conducted in the SMEs community consisting of 43 members in various business in Malang of Indonesia. The data were gathered through indepth interview, observation and a group discussion. The learning process that occurs between the community members who are members of the community raises the value of gotong royong (mutual cooperation) in accordance with the vision and mission carried out. With this spirit of gotong royong, it can overcome the difficulties together to advance together in the face of globalization. From the learning model produced, it can be used as literature for policy holders such as the cooperative and community service agencies in developing the community based on the cultural perspective of gotong royong that is characteristic of Indonesian. The essence of this cultural value is a driving force for common progress which is the philosophy of the development of the people economy.

Utilization of Digital Marketing on the Development of Micro, Small and Medium Enterprises (MSMEs) in Jebres District, Surakarta City

The aims of this study are: (1) To partially analyze the effect of knowledge, use, and type of internet media on the business performance of the Creative Sector MSMEs in Jebres District, Surakarta City. (2) To partially determine the effect of digital marketing mediation on the influence of knowledge, use, and type of internet media on Creative Sector SMEs in Jebres District. This research was conducted on MSMEs in Jebres District, Surakarta City. The population in this study of MSMEs in the creative sector (handicrafts, fashion, culinary) is unknown. Therefore the determination of the number of samples using the Slovin formula obtained a sample of 100 respondents. The purposive sampling technique did sampling in this study. The study results concluded that, partially, there was a positive and significant influence on the knowledge, use, and type of internet media variables on the business performance of the Creative Sector MSMEs in Jebres District, Surakarta City. It is known that there is a complete mediation effect of digital marketing on the influence of knowledge, use, and type of internet media on MSME business performance.

Obstacles faced by owners of township micro, small and medium enterprises to acquire funds for survival and growth (2010-2020)

It is the belief of many governments that the development of micro, small and medium enterprises (MSMEs) will stimulate economic growth, create jobs and assist in the obliteration of poverty. However, the achievement of these envisaged benefits is dependent on healthy and growing MSMEs as well as the provision of funds to facilitate and stimulate growth. Despite various interventions by the SA government, many MSMEs have failed due to a lack of support from the financial institutions tasked with providing capital and funding to these enterprises. This article focuses on the obstacles that restrain business growth and identifies the challenges that owners of township MSMEs face and need to overcome to acquire funds from financial institutions and government support programmes. Exploratory research, conducted among 498 MSMEs located in South African townships, revealed that the obstacles, which are restraining growth relate to the economic climate, business environment, personnel and finances. The challenges to access funds can be grouped into three possible constructs: institutional requirements, administrative aspects and perceptions of financial institutions. Despite the many obstacles in the path to acquiring funds for their survival and growth, MSMEs have continued to operate on a small scale. However, the reality is that, without much needed funds and financial support, it will be difficult for MSMEs to grow and reach their full potential, which will hinder their ability to bear the envisaged fruits of economic growth and the obliteration of poverty.

ОСОБЛИВОСТІ ФУНКЦІОНУВАННЯ МАЛОГО БІЗНЕСУ В УКРАЇНІ ТА ЗАКОРДОНОМ

The article investigates the problems and features of small business functioning in Ukraine and abroad. The importance of small enterprises in the economies of developed countries and the impact on their competitiveness in the context of today's coronacrisis has been analyzed. The criteria for dividing all enterprises into small, medium and large in Ukraine and their comparison with foreign practice are indicated. The "Rating of obstacles" for the development of small and medium enterprises in Ukraine is indicated. The authors identified the factors that negatively affect the continuous functioning of small business and hinder its development. The development of the small business sector and the maintenance of a high level of competition is a key step towards ensuring the sustainable development of the national economy. Small business also contributes to the restructuring of the state, increasing production, creating new jobs and introducing innovative technologies in areas where large business would not be so effective. However, the path to starting a small business is uneven, with many pitfalls and obstacles to jump. Accordingly, the governments of most countries are obliged to support small businesses in any way to protect the economy as a whole. So, in order for small and medium-sized businesses to develop gradually, they desperately need clear and understandable rules of the game in today's market, as well as favorable conditions for uninterrupted operation. To this end, it is necessary to formulate a clear unified state policy on small business, using international experience.

Assessing the Efficiency of Russian Business Support Institutions in the Digital Economy

Aim. The presented study aims to determine methodological approaches to assessing the efficiency of government regulation and support of small and medium enterprises in the context of the digitalization of the economy, to propose directions for its improvement, and to consider institutions and tools that could contribute to solving the problems of small enterprises in the post-COVID period.Tasks. The authors examine the major problems in the development of small and medium enterprises (SMEs) in Russia, potential opportunities and solutions; analyze the main problems of SME support; determine indicators and criteria for evaluating the efficiency of this type of national and municipal administration.Methods. This study uses the methods of abstraction and aggregation, historical analysis and synthesis, induction and deduction, systemic and structural approaches.Results. The results of the study prove that the assessment of the efficiency of government regulation and support of small and medium enterprises in the context of the digitalization of the economy should be considered not only using KPI, but also by applying extended criteria and indicators at various management levels as part of an integrated approach. This makes it possible to determine why SMEs, which traditionally experience a lack of financial resources, use government support mechanisms to such a small extent.Conclusions. In Russia, government support is provided to SMEs in the form of guarantees and benefits, subsidization of the costs of leasing contracts and participation in advertising campaigns and exhibitions, co-funding of regional system-forming business projects. At the same time, the most important factor in optimizing the system of government regulation and support of entrepreneurship is the creation of digital space infrastructure to increase the efficiency of interaction between the government and business structures, since the existing system is not optimal.

SMEs and artificial intelligence (AI): Antecedents and consequences of AI-based B2B practices

Development of small and medium enterprises (SMEs) is a key approach to achieving economic growth in the Middle East and successful adoption of technology is vital for SMEs' success and continuity. Artificial intelligence (AI) is part of a new generation of technologies that can facilitate competitive advantage but currently there is a lack of evidence regarding AI applications in relation to B2B SMEs in Middle East countries. Therefore, this study empirically examines antecedents to, and consequences of, successful acceptance of AI practices by B2B SMEs in Saudi Arabia. A conceptual model based on the technology-organisation-environment framework is developed which considers the impact of AI enablers and AI readiness on the acceptance of AI practices, and the impact of this on relational governance, performance, and SMEs' AI-based business customer interaction. The conceptual model was tested using structural equation modelling of survey data collected from B2B SMEs (n = 392). The results showed that, of the AI enablers, acceptance of AI practices was significantly influenced by both technology roadmapping and attitude but not professional expertise. Of the AI readiness variables, acceptance of AI practices was significantly influenced by infrastructure and awareness but not technicality. The acceptance of AI practices was found to significantly affect AI-enabled relational governance and performance, and SME's business customer AI-based interaction. This study provides a broader base for theoretical and practical understanding of issues related to AI practices in SMEs and the B2B sector in general.

THE EFFECT OF FIRM CHARACTERISTICS AND ENTREPRENEUR CHARACTERISTICS ON THE SUCCESS OF MSME BUSINESS IN CENTRAL JAVA PROVINCE

The objective of the article is to examine the effect of Firm Characteristics and Entrepreneur Characteristics on the success of MSME businesses in several cities/districts in Central Java Province. This research design is quantitative research. The population of MSMEs in Central Java Province was 147,220 MSMEs. The sample in this study was 100 MSMEs, determined by the simple random sampling method. The sample consisted of MSMEs that were scattering in Tegal, Pekalongan, Semarang, Kudus, Jepara, and solo areas. The research data has obtained by distributing questionnaires to business managers. Hypothesis testing uses multiple linear regression test. The results of the study that entrepreneur characteristics have a positive and significant effect on the success of MSME businesses, meanwhile firm characteristics do not have a significant effect on the success of MSME businesses. The results of the analysis related to demographic variables, only entrepreneurs who have longer business experience can get business success compared to entrepreneurs who have shorter business experience. Besides, gender is also a determining factor in the success of MSME businesses.The implication of this research is that success in business is determined by the character of the entrepreneur. Business experience and the gender of the entrepreneur will support the achievement of business success. The results of this study provide benefits for entrepreneurs to be successful and useful for policy makers related to the development of micro, small and medium enterprises.The results of this study contribute to the development of science, especially related to the theory of the development of micro, small and medium enterprises

The Relationship between Economic Growth, Small and Medium Enterprises and the Number of Employees in Malaysia using Vine Copula Approach

This paper investigates the dynamic linkages of dependency between economic growth, the development of small and medium enterprises (SMEs) in Malaysia represented by SMEs’ value-added, and the number of employees in Malaysia, shown by the total number of SMEs’ employees in Malaysia as an additional variable. A vine copula methods was used to assess the linkage between these three variables by utilizing the panel data sets from 1998-2017. The results confirmed that dependency modeling, using vine copulas, is useful for high dimensional distributions of binding affinity between these variables. Vine copulas provide a versatile and flexible approach to the study. The results show that there is a strong positive correlation among the variables. The dependence between the SMEs’ growth and the total number of employees is the strongest, followed by the dependence between SMEs’ growth and economic growth. This study also found that the interrelation among the variables and reliance structure is also influenced by the country’s economic system and situation.

Entrepreneurial orientation and emotional bias in MSMEs’ financing and performance

There have been numerous studies investigating the dynamics of micro, small and medium enterprises (MSME) development. However, this research topic still offers several interesting research gaps to be explored. Accordingly, the purpose of this research is to test the effects of entrepreneurial orientation and asymmetric information that affect MSME entrepreneurs’ emotional biases, as well as the relationships between these variables and MSME’s financing and performance. Our research objects are MSMEs located in four urban villages in Salatiga City, Central Java that engage in various business sectors, such as the food and beverage, the service industry, the groceryw, and the horticulture sector. We analyze the research data with the Partial Least Square (PLS) software. The research results reveal that entrepreneurial orientation and asymmetric information positively influence MSME entrepreneurs’ emotional bias. Meanwhile, emotional bias has a significantly positive influence on financing. Finally, we also find that financing positively affects MSMEs’ performance. In sum, our study demonstrates the importance of the behavioral aspect (emotional bias) in explaining MSMEs’ performance through its indirect impact through financing.

Igbo Apprenticeship System: A Cradle of Socio-economic Development in Nigeria (REVISITED)

The Nwaboi Apprenticeship System is by far the most entrenched and vibrant entrepreneurship promotion vehicle in Nigeria and it plays a major role in the growth and development of micro, small and medium scale enterprises. The system is a big driver for wealth creation, employment generation and poverty reduction and thus economic growth and development. The paper starts with a brief historical background and it is contended that the system is strongly rooted in Igbo culture. There are basically two major types of 'the Nwaboi apprenticeship system: 'Imu-Oru Aka' (Learning a craft or skill) and 'Imu-Ahia' (Learning to trade) and the scope is wide; ranging from all kinds of trading to various crafts and skills. The system is very informal, not integrated with the organized private sector and virtually outside the ambit of government oversight and support. However, in a bid to tackle the growing rate of youth and graduate unemployment, the Nigerian government took an unusual positive step and established the National Directorate of Employment in 1987 to equip young people with marketable skills that will help them to become employable or self-employed. Unfortunately, like many government initiatives in Nigeria that are prone to inconsistency and short life cycle, most if not all the programmes put in place as part of the NDE initiative are now either not functional or on the verge of becoming moribund. Some of the challenges facing the Nwaboi Apprenticeship System are explored while recommendations on how the system can be improved and reinvented for the 21 st Century include the realignment of the anti-industry dimensions of entrepreneurial ecosystem to promote the embedding of the enterprise culture; provision of physical, scientific and technological infrastructure; the establishment of a good legal framework to guide and formalize the system; establishment of entrepreneurship development and skills acquisition centres to promote the training and development of apprentices on basic and technological literacy and on entrepreneurship skill-sets such as technical, management and entrepreneurship skills and the promotion of linkage with well managed local organizations and multinational corporations. The paper concludes that the Nwaboi Apprenticeship System has the potential to significantly increase the level of entrepreneurial metabolism and to stimulate the rate and pace of new venture creation and thus a viable platform for entrepreneurship promotion in Nigeria.

The Attractiveness 0f Sharia Financial Institutions for MSMEs in Pontianak City, The Province of West Kalimantan, Indonesia

<p>The development of Micro, Small and Medium Enterprises (MSMEs) requires support from financial institutions, both banking and non-banking, in providing working capital loans. This support includes ease of procedure, easy installment payments, and services. The contribution of Islamic financial institutions in the Province of West Kalimantan, Indonesia, cannot be ignored. This study aims to investigate determinants of the behavior in the selection of <em>sharia</em> financial institutions in Pontianak by MSMEs. The research samples were the perpetrators of MSMEs spread in six districts in Pontianak City, 20 MSMEs per district. The data in this study were the primary data obtained from a questionnaire survey. The data analysis technique used was Probit Regression Analysis. The results of this study indicate that the profit-sharing system that is considered not burdensome to customers, the simplicity of procedures that save time and cost, and the number of products offered in accordance with the customer needs significantly influence the probability of choosing Islamic financial institutions. The variable of the suitability of the operational rules of Islamic financial institutions with Islamic rules has no effect on customers’ decision in choosing a financial institution. This is an opportunity for Islamic financial institutions to develop their businesses by offering their products to non-Muslim customers.</p>

The Importance оf Small and Medium Enterprises in the Economic Development of Eastern Europe

An important engine of economic development of the country is the development of small and medium enterprises. At the same time, small and medium-sized businesses, being elements of the economic system, have a significant impact on the overall economic growth of the country. Thus, there is a mutual influence of economic units on the economy as a whole. The purpose of the article is to study the impact of small and medium-sized enterprises of small and medium-sized enterprises on the gross domestic product on the example of Eastern European countries. Methods: analysis, description, observation, comparison, generalization, induction, deduction, grouping, systematization, tabular and graphical representation. Results: The level of ease of doing business in Eastern Europe was analyzed according to the Ease of doing business ranking and it was found that the Czech Republic and Poland are among the 40 countries in Eastern Europe ranked 40th and 41st out of 190 possible. It is established that the subjects of small (including micro-enterprises) and medium-sized enterprises belonging to the non-financial sector, in the structure of all enterprises of the non-financial sector of each of the studied countries occupy more than 90%. It was found that a significant share in the structure of small and medium enterprises in Eastern Europe is occupied by micro-enterprises, while the share of medium-sized enterprises is the lowest. The results of regression analysis to determine the impact of small and medium enterprises on the economic growth of countries obtained by establishing the dependence of GDP on Turnover of the non-financial business economy by size class of employment. Revealed a high dependence of GDP Turnover of the non-financial business economy by size class of employment in all surveyed countries in Eastern Europe.

PENGARUH PEMBIAYAAN FINTECH SYARIAH TERHADAP MODAL KERJA, OMZET PENJUALAN, DAN LABA BERSIH UKM (STUDI PADA ALAMI SHARIA)

The presence of a number of fintech companies contributes to the development of Small and Medium Enterprises (UKM) in meeting their business capital needs. This answered an opinion which stated that SMEs have problems in accessing finance, one of which is the lack of access to formal sources of funds, either due to the absence of banks in remote areas or the unavailability of adequate information. There is so much potential for Islamic fintech financing that it deserves attention, but to this day there are still few scientific papers published to see whether Islamic fintech has a role in developing the financial performance of SMEs. Data analysis techniques and hypothesis testing in this study used the SmartPLS program. There is sufficient evidence that financing measures can improve the financial performance of SMEs in terms of working capital performance and sales turnover, while for net income it takes time to see the positive trend of PT Alami Fintek Sharia financing.

DISTRIBUTION OF CREDIT FOR MICRO, SMALL, AND MEDIUM ENTERPRISES OF MANDIRI BANK SINAKMA MARKET JAYAWIJAYA

AbstractThe purpose of KUR is to increase access to finance for Small and Medium Enterprises (UKM) to financial institutions with a guarantee scheme through the People's Business Credit (KUR). The KUR guarantee is provided in order to increase UMKM access to sources of financing in order to encourage national economic growth. Bank Mandiri is one of the State-Owned Enterprises (BUMN) that was established to assist UMKM players in realizing their business and maintaining business continuity. The results showed that with the existence of a program from the government through the distribution of People's Business Credit which was channeled through PT. Bank Mandiri KCP MMU Wamena Pasar Sinakma for the welfare of Micro, Small, and Medium Enterprises (UMKMÂ Keywords: People's Business Credit, UMKM

PENGARUH PERAN PEMBIAYAAN MUDHARABAH TERHADAP PERKEMBANGAN USAHA MIKRO KECIL MENENGAH (UMKM) DI BNI SYARIAH CABANG MEDAN

Mudharabah financing is one of the products that is in great demand by the public, especially MSME actors, this is because through mudharabah financing it can develop the business results of MSMEs in the community, but in this study the authors saw that mudharabah financing during the last five years had decreased. It is interesting for the author to see the relevance of the influence of mudharabah financing on the development of Micro, Small and Medium Enterprises. Based on the problems above, the researcher wants to know more about "The Influence of the Role of Mudharabah Financing on the Empowerment of Micro, Small and Medium Enterprises at BNI Syariah Medan Branch, West Medan District, Medan City. Based on the background of the problem described above, it can be formulated the research question is whether there is an influence of the Role of Mudharabah Financing on Micro, Small and Medium Enterprises at BNI Syariah in 2016 – 2019. The research approach used is a quantitative research method. With a sample of 97 people. Based on the research, it can be concluded that there is an influence of the Role of Mudharabah Financing on the Empowerment of Micro, Small and Medium Enterprises at BNI Syariah Medan Branch, West Medan District, Medan City, this can be seen from the results of t-count greater than t-table or t-count 2.756 t-table 1980. Based on the determinant test, it shows that the development of MSMEs is influenced by the mudharabah financing variable by 60.4%, the rest is influenced by other factors.

Utilization of non-financial business support services to aid development of Micro, Small and Medium Enterprises (MSMEs) in Tanzania

A variety of factors inhibit the development of MSMEs in African countries, which in turn affects entrepreneurship, job creation and economic transformation. Using cross-sectional data from 250 MSMEs in the Dar es Salaam region, we find in most of the examined variables the positive relationship between the use of non-financial business support services (BDS) and the development of MSMEs in the Dar es Salaam region. However, contrary to expectations, building business linkages and mentoring programs recorded negative relationships with MSMEs development. This is related to restricted capacities stemming from the size of MSMEs compared to large companies and deficiencies in the content of mentoring programs. In addition, the discrepancy between BDS demand and supply as well as the low adoption rate of BDS are associated with the inadequate adaptation of BDS to the needs of MSMEs, high service costs and a lack of qualified service providers. Thus, we argue that the provision of BDS to MSMEs should be demand-driven and that institutions should build on the pre-eminent characteristics of MSMEs when designing business support programs. On the other hand, Government efforts to nurture the development of MSMEs through policies and programs should extend to promoting business linkages between MSMEs and large enterprises.

Role of ICT4D in the Growth and Development of SMES : A Solution To Digital Divide

ICTs have played a critical role within the development of business particularly small and medium enterprises. During a modern digital era, technology is most vital pillar within the provision of data and knowledge for the growth of development, sustainability, productivity and competitiveness of small and medium enterprises. The primary goal of this study was to research on the role of ICT4D in the growth and development of SMEs: a solution to digital divide. The paper used secondary data. It was noted that small and medium enterprises take part in a significant role in Kenya’s economy. Enterprises in Kenya, more especially SMEs, have enjoyed the benefits and the potential of adoption and utilization of ICT within their operations. ICT has the potential of remodeling the business and improve.

PERANAN BANK SYARIAH INDONESIA (BSI) DALAM MENDUKUNG PENINGKATAN KESEJAHTERAAN USAHA KECIL DAN MENENGAH

Small and Medium Enterprises (SMEs) are one of the main drivers of the development of the manufacturing industry. They are able to create jobs faster than others. The regional potential for Small and Medium Enterprises (SMEs) is very large. However, the lack of working capital makes most MSEs unable to continue their creative business. So it requires convenience in obtaining capital injections from various parties, especially Indonesian Islamic Banks. This study aims to analyze the effectiveness of the role of the Indonesian Islamic Bank (BSI) in supporting the growth of MSEs in Bulukumba. This study uses a qualitative method with a normative approach. The results of this study show that Bank Syariah Indonesia Tbk KCP Bulukumba plays a role in the development of Small and Medium Enterprises for the people of the city of Bulukumba. With the provision of capital, it can really help the community to develop their business and be able to reduce poverty as well as help increase income and open up opportunities for people who want to start a business. Although Islamic banks have various advantages and advantages in developing Small and Medium Enterprises, Islamic Banks have weaknesses and have obstacles in developing Small and Medium Enterprises such as capital problems, Human Resources, and government policies that are slow and detrimental to Islamic Banks.

PEMBINAAN USAHA MIKRO, KECIL DAN MENENGAH (UMKM) DI LINGKUNGAN IV KELURAHAN SIDOMULIO KECAMATAN MEDAN TUNTUNGAN

Community Service aims to foster micro, small and medium enterprises (MSMEs) is to provide input on what businesses can be developed in accordance with the conditions in the environment and in accordance with current conditions, namely the Covid 19 pandemic that has hit the city of Medan and the world in general. The community that will be trained are people who live in Environment IV, Sidomulio Village, Medan Tuntungan District, totaling 25 people whose livelihoods are as farmers and as farm laborers. The availability of adequate academics in giving lectures on the Development of Micro, Small and Medium Enterprises (MSMEs) at the Management Study Program, Faculty of Economics, Indonesian Methodist University, the enthusiasm of the participants, the support of the Village Head and the Head of the Environment for the implementation of activities and supporting funds from UMI are supporting the implementation of this PPM activity. The problem is the limited time for coaching. It is hoped that this training will benefit the community. The benefits that participants get from this PPM activity include being able to understand and develop micro, small, and medium enterprises.

The impact of COVID-19 epidemic on development of micro, small and medium enterprises policy in East Kalimantan government

This article discusses the efforts of the East Kalimantan Government handling cases of development of micro, small, and medium enterprises (MSMEs) during the COVID-19. The handling strategy can be assessed by understanding the measures, steps, and policies formulated and implemented by the East Kalimantan government. A deliberative policy analysis approach was used to analyze this case. This approach analyzes the narratives and arguments of the authorities to understand decision-making and policy implementation. The writing of this article uses a qualitative approach by utilizing the descriptive analysis method. The data collection technique used is a literature study using books, journal articles, newspapers, online news, and traditional institutions' websites. First, this paper's essential findings are reallocation and refocusing of the Covid-19 Budget for the cost of economic stimulus to strengthen capital for affected businesses and small industry players. Second, relaxation and credit restructuring. Third, the temporary closure policy for cafes or restaurants is due to residents' ignorance or non-compliance with government calls regarding health protocols. As a result, efforts to deal with it have stalled because the wider community does not support it. Combining these three factors complicates the provincial government's efforts to deal with MSMEs' development during the COVID-19 pandemic in East Kalimantan. Policy recommendations for the recovery of MSMEs in East Kalimantan Province, namely increasing the role of Indagkop through fostering and educating MSMEs in utilizing technology to sell online and the one-door policy for MSMEs.