Medium Enterprise Sector Research Articles

Usefulness of VAVE for Projects in MSME Sector in India

Abstract: To India being one of the World’s fastest Growing Economy, the Micro, Small and Medium Enterprises (MSME) sector is a significant contributor. It is globally recognised that the MSME sector must be the growth engine of any economy, given its scale of operations. Even in India, this sector has consistently contributed to the growth of the economy. MSME sector needs to grow and strengthen so as to meet the needs of Multinational Corporations and large Corporates who are keen to develop key vendors capabilities so that the product and service offering of the vendors can be enhanced, and thereby enable them to move up the value chain. VAVE has been widely implemented in the large-scale industries globally for more than 5 decades. The application of VAVE in India has had a significant impact on the country's manufacturing and construction industries, as well as in the field of public works and healthcare. By improving the value of goods and services, VAVE has helped to reduce costs and improve the overall quality of products and services. This has had a positive impact on the Indian economy and has helped to improve the standard of living for many Indians. Value improvement, cost reduction and process optimisation being the key factors that impact the bottom lines as well as competitive advantage of MSMEs, this paper aims study the usefulness of VAVE for projects in the MSME sector.

Development of Micro, Small And Medium Enterprise Sector: A Study on West Bengal

Development of Micro, Small And Medium Enterprise Sector: A Study on West Bengal

Understanding Public Policy in Regional Financial Management: A Narrative Approach to Analyzing Policy Implementation and Its Impact on Local Development

The discussion examined the relationship between local financial management, public policy, policy implementation, and their impact on local development. The focus of this discussion is on four main themes, namely financial inclusion, monetary policy, local financial strategies, and the role of the Small and Medium Enterprise (SME) sector. Through policy implementation analysis and a narrative approach, managerial and theoretical implications of each theme have been identified. The managerial implications highlight the importance of integrating public policies, considering monetary policy, developing human resources and infrastructure, adopting national industrial policies, and supporting the development of the SME sector in regional financial management strategies. Meanwhile, the theoretical implications emphasize the importance of understanding public policy, policy implementation, the role of the SME sector, and external factors in achieving the objectives of regional financial management and local development. This discussion provides important insights for practitioners and researchers in designing better public policies and optimizing regional financial management.

THE FINANCING COMBINATION OF THE CAPITAL STRUCTURE AS AN OPTION A CASE STUDY -TO CREATE VALUE FOR SMALL AND MEDIUM ENTERPRISES -OF ISLAMIC FINANCING

The study aims at clarifying the privacy of Islamic financing system and its adaptation for small and medium enterprises. This study also aims at analysing the increasing growth in the volume of Islamic financing directed to support small and medium enterprises in Qatar by showing the role of Qatari Islamic banks in meeting the credit requests of the small and medium enterprises sector in the period (2015-2020). The study concluded that the volume of Islamic financing directed to the small and medium enterprises sector is increasing significantly, and this is due to the various methods and mechanisms offered by the Islamic financing market that can represent financing alternatives at the lowest cost, and that Islamic finance transfers financing from the method of guarantee and fixed return to the method of participation. The study also found that Islamic banking financing in Qatar directed to small and medium enterprises is in continuous development through various formulas provided to meet credit requests for this sector, and that the Murabaha product was one of the most demanded products, competing with traditional bank products

Role of Micro Small and Medium Enterprises (MSME) in Employment Generation in India

The importance of 65 million MSMEs, which account for about 120 million jobs and 30% of the country’s economic output, cannot be underestimated as it forms the backbone of the industrial landscape of the country contributing 49 % to the exports and 45% to the manufacturing sector and also responsible for around 30% of total employment generationin India.The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last fewdecades. It contributes significantly in the economic and social development of the country by fostering entrepreneurship and generating largest employment opportunities at comparatively lower capital cost, next only to agriculture. MSMEs are complementary to large industries as ancillary units andthis sector contribute significantly in the inclusive industrial development of the country.

ANALISIS LITERASI KEUANGAN PELAKU UMKM DI DESA DALUNG, KECAMATAN KUTA UTARA, KABUPATEN BADUNG

The COVID-19 pandemic had an impact on the micro, small and medium enterprises (MSME) sector. MSMEs' understanding of Financial Literacy can help MSMEs survive in this difficult time. This study aims to determine the level of financial literacy of MSMEs in Dalung Village, North Kuta District, Badung Regency. This study was conducted to analyze whether differences in gender, age, and level of education have a significant effect on the level of financial literacy of MSME owners. The company used in this study is a trading company, with a sample of 40 MSME owners. The research method used is a survey method by obtaining data through a questionnaire that has been tested for validity and reliability. The results showed that the level of financial literacy of MSME owners was less literate (60%). The variable that affects the level of financial literacy is the level of education, while differences in gender and age have no effect on the level of financial literacy of the owners of MSMEs.

Familisme dalam Manajemen Rumah Makan Sederhana di Kota Makassar

The Micro, Small and Medium Enterprises sector, including simple restaurant business activities in Makassar City, contributes to the economy. This study aims to reveal the management of family-based restaurants and their implications for creating wealth, especially within the family environment. The method used in answering the research objectives, then carried out observations, interviews, and document studies. The results of the study show that restaurant owners prefer to recruit employees from family and relatives based on the moral economy approach. The selection of employees with a moral economy approach for restaurant owners is intended so that these employees can obtain a more prosperous level of economic life and a more proper education.

Digital Technology Adoption in SMEs: What Technological, Environmental and Organizational Factors Influence in Emerging Countries?

The research aims to explore the technological, environmental and organizational factors that influence digital technology adoption in the small and medium enterprises (SMEs) sector in developing countries. A conceptual framework is proposed that combines the technology-organization-environment (TOE) framework and diffusion of innovation (DOI) theory to explore the determinants of digital technology, for example, information and communication technology (ICT) applicability in SMEs. In addition, this study identifies the major barriers to implementing ICT in the SMEs sector. A purposive 535 sample was accumulated from higher- and middle-level managers of SMEs firms through a structured questionnaire. Data and hypotheses were analyzed using partial least squares-structural equation modelling. Results show that relative advantage, complexity, observability, perceived cost, top management support, innovativeness of top management, competitive pressure and government support have significant determinants of ICT adoption in SMEs. Besides, compatibility, perceived trialability and organization readiness have not significantly influenced to use of ICT in SMEs. This research has crucial implications for practising managers, policymakers and SMEs business owners. To the best of the authors’ knowledge, this study is perhaps one of the first empirical surveys that widely provides a theoretical framework regarding ICT adoption in SMEs in Bangladesh.

AN OVERVIEW OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMEs) IN THE STATE OF UTTAR PRADESH

Micro, Small and Medium enterprise sector holds immense importance for the Indian Economy. It plays a very crucial role in providing employment, generating output and contributing to exports of the country. MSMEs are widely distributed across the different states of the country. The state of Uttar Pradesh holds the highest number of MSMEs. Its large labour population and developed infrastructure provide it great potential for the expansion and improvement of the micro, small, and medium enterprise sector. This study has examined the performance of the MSME sector in UP using secondary data gathered from the website of the Ministry of MSME, Government of India. The examination of four MSME censuses in UP has shed insight into the success of the states small and medium-sized business sectors. Recent trends in the micro, small, and medium-sized enterprise (MSME) sector were analysed by looking at the Udyog Aadhaar Memorandum and Udyog registrations. The CAGR has been computed in Microsoft Excel for the purpose of examination. The state of Uttar Pradesh (UP) various initiatives and policies are reviewed to determine the states contribution to the growth and improvement of the industry. There has been an increase in the number of msme units, as well as employment, investment, and output, over all four MSME censuses, with the most recent two censuses showing the most dramatic increase. The MSME units in UP have increased at a compound annual growth rate (CAGR) of 0.45 per cent after the implementation of the Udyog Aadhaar Memorandum (2015-16). In order to meet the unique challenges faced by the MSME sector, the UP government has developed a series of policies that are crucial to the success of the sector. KEYWORDS: MSMEs, Uttar Pradesh, Performance, Recent Trends, Government Policies.

Understanding and Overcoming the Limitations to Strategy Execution in Hotels within the Small and Medium Enterprises Sector

Understanding and Overcoming the Limitations to Strategy Execution in Hotels within the Small and Medium Enterprises Sector

The Impact of Perceptions of Corruption and Trust in Government on Indonesian Micro, Small and Medium Enterprises Compliance with Tax Laws

Indonesia is a country with a relatively large level of MSMEs development. The Micro, Small, and Medium Enterprises (MSMEs) sector itself has a crucial role and is the main pillar of a country’s progress. Ironically, this rapid development is not followed by the compliance of MSMEs taxpayer. Based on the survey results by the Directorate General of Taxes of the Indonesian Ministry of Finance in 2019, the contribution of MSMEs final income tax was only IDR 7.5 trillion or only around 1.1% of the total income tax revenue in the same year 711.2 trillion. Thus, it is important to explore the main factors causing (non)compliance of MSMEs in paying their taxes. This research examined the effect of perceptions of corruption and trust in the government on MSMEs’ taxpayer compliance with perceived justice as a moderating variable. This study used a questionnaire survey design with hypothesis testing. The samples included MSMEs actors who had been operating for more than one year and MSMEs actors who already had a taxpayer identification number. The results uncovered that the perceptions of corruption negatively affected MSMEs’ taxpayer compliance, while trust in the government positively affected MSMEs’ taxpayer compliance. The perceived justice could not moderate the effect of perceptions of corruption on MSMEs’ taxpayer compliance. However, the perceived justice strengthened the influence of trust in the government on MSMEs’ taxpayer compliance. This study’s results are additional discussion toward theory and literature related to taxpayer compliance. Specifically, this study proposes a tax compliance model by testing perceived justice as a moderation variable.

Women Participation in Entrepreneurial Activities in the Post COVID-19 Pandemic: Empirical Evidence from SMEs Sector

Entrepreneurs contribute to economic development regarding innovation, job creation and income generation. It is also effectively recognized as a fundamental part of economic development and vital in lifting countries from poverty. Women entrepreneurs organize and manage an organization, particularly a business. Women’s entrepreneurship has consistently expanded worldwide during the 20th and 21st centuries. Bangladesh will have a big number of young women and productive workers after the COVID-19 epidemic, allowing them to engage in the Small and Medium Enterprises (SME) sector. Women entrepreneurs can help in the elimination of hunger, the reduction of inequities, and the improvement of children’s nutrition, health, and school attendance. Also, it has been acknowledged as an important source of economic growth since it creates new jobs and provides society with various solutions to managerial, organizational, and business challenges. Therefore, the purpose of this research was to determine the impact of technological factors, parental support factors, municipal factors, knowledge and skills factors, psychological factors, and financial factors on women’s engagement in innovative business development in the context of Bangladesh’s SME sector in the post COVID-19 pandemic. This study included both statistical and discussion of the data. Data was collected from over 300 real Bangladeshi ladies using an online purposive sampling approach. To test hypotheses, the data were evaluated using descriptive statistics, collinearity statistics, and other regression analyses. As per study’s results, most variables, including administrative, scientific, and familial cooperation, knowledge and skills, psychological, and financial component, has both advantages statistically impressive relationship with women’s involvement in the context of the SME area in Bangladesh in the post COVID-19 pandemic. In the post COVID-19 pandemic, everyone from every sector will use the findings to encourage women’s participation in entrepreneurial activities in the context of the SME division in Bangladesh.

E-CRM application of micro, small and medium enterprises in Sri Lanka: mixed method

Small Medium Enterprise (SME) sector plays prominent role to the development of Sri Lanka, and they have been facing huge problem and challenges in this competitive and crisis environment. Previous researchers have conducted research on e-CRM application for large firms and proved the e-CRM’s significant for large firms. Still e-CRM application is debatable in developing countries. The purpose of this research is to find out the ubiquitous e-CRM application for the success of Sri Lankan MSMEs, especially the factors of e-CRM in SME sector. Researcher applied mixed method in this research and respondents are the owners or managers of SMEs. Four focus group discussion and ten interviews were conducted for the qualitative research and snowball sampling techniques was applied to select the respondents for the quantitative method. The coding and thematic analysis were conducted to find out the themes of e-CRM of SMEs. From the qualitative analysis, fifteen themes were identified and they were come under the three dimensions. For the quantitative research, questionnaire was developed with 36 questions. The exploratory factor analysis was conducted to find out the factors of e-CRM of SMEs. Four dimensions were identified from the exploratory factor analysis. Factor 1 is named as E-CRM in Marketing, factor 2 is denoted as E-CRM implementation, factor 3 is called as Strategic integration and factor 4 is referred as Technology-based CRM. The application of four dimensions of e-CRM enable the SMEs to keep existing customers and attract the new customer.

Islamic Social Entrepreneurship Model Of Business Women In Pandemic Era: Evidence From Indonesia

The pandemic has caused the economic sector to change, especially for businesses in the social sector. This study aims to create a business model with the concept of Islamic Social Entrepreneurship for entrepreneurial women in the pandemic Covid-19 era. This study is based on the case of Micro and Small Enterprises (SMEs) belonging to the "Association of Women Entrepreneurs of ‘Aisyiyah (IPAS)," where ‘Aisyiyah’s organization acts as a social agent. The world is currently experiencing a crisis caused by a pandemic Covid-19, resulting in a significant downturn in the Micro, Small, Medium Enterprise (MSME) sector. This research is a qualitative study and focuses on Islamic social entrepreneurship in the pandemic era. Data analysis was performed simultaneously, recursively, and dynamically, where conceptualization, categorization, and description were carried out together. This study indicates that women can be independent and improve their quality of life with Islamic social entrepreneurship following the values developed.

Needs of Omani Youth in the Small and Medium Enterprises Sector

The study aims to identify the reality of interest in small and medium enterprises (SMEs) in Oman, to reveal the needs of young people in the SME sector in Oman, and to identify Oman's vision 2040 and its role in promoting work in SMEs. The study relies on the descriptive approach, in order to suit the objectives and questions of the study, and is applied to a number of small and medium entrepreneurs: (218) individuals. The study relies on the questionnaire tool as a key tool for data collection, which includes closed and open questions with a view to obtaining data to answer the study questions. The study proves that the need to provide financial support, facilitate access to loans and the need for government support are the greatest needs of young people in SMEs. The study also shows that there is an urgent need to facilitate procedures for clearing transactions and exempting taxes and interests. The study recommends the importance of diversifying the sources of financial support for these institutions, and the need to find a system and policy to support, activate, and protect small and medium enterprises in the event that the project falters or goes through a major problem that may lead to closure and bankruptcy.

MARKET BASED ANALYSIS SEBAGAI PENINGKATAN PENJUALAN PRODUK MENGGUNAKAN ALGORITMA K-MEDOIDS DAN FP-GROWTH

The COVID-19 pandemic has greatly affected the economy in Indonesia. The emphasis on the development of covid-19 through Enforcement of Restrictions on Community Activities has an impact on the Micro, Small and Medium Enterprises (MSME) sector, including product sales at the Distro Sextors. Therefore, a strategy is needed to increase sales, one of which is through data mining techniques with market based analysis. Data mining is one of the processes of Knowledge Discovery in Database (KDD) that uses scientific methods in its application. The data used in this study were 6531 sales transactions. The data mining algorithm used in this research is K-Medoids for grouping which aims to find the best cluster. The cluster experiments used are K-3, K-4, K-5, K-6 and K-7 then cluster testing is carried out using the Davies Bouldien Index (DBI) method and the results are cluster K-3 is the best cluster because it has a homogeneous value lowest. Then the association rule uses the FP-Growth algorithm and the minimum support value used is 6% to 7% while the minimum confidence value is 60%. The results of the association rule analysis are product recommendations that can be used as promotions to increase sales in Distro Sextors. The products are SE128, SE131, SE130, SE431, SE792, dan SE804.

PRINTING BUSINESS PRODUCTION DEVELOPMENT PROCESS STRATEGY (CASE STUDY OF PRINTING UKM NOVA FLORIST AND ADVERTISING, LHOKSEUMAWE CITY)

Micro, Small and Medium Enterprises (MSMEs) have a strategic role in national economic development, because apart from playing a role in economic growth and employment, they also play a role in distributing development results. In the economic crisis that occurred in our country several years ago, where many large-scale businesses experienced stagnation and even stopped their activities, the Micro, Small and Medium Enterprises (MSMEs) sector proved to be more resilient in dealing with the crisis. However, there are also weaknesses in MSMEs, namely accessing information is suspected to be directly related to the condition of the internal factors of MSMEs, which are overshadowed by MSMEs, which actually have a large market share internationally, and are not widely known by consumers.

PENYULUHAN PENINGKATKAN KUALITAS PRODUK PADA PENGRAJIN USAHA MIKRO SUKASARI DESA BADERAN KECAMATAN GENENG KABUPATEN NGAWI

The Small and Medium Enterprises (UKM) sector is an industry that competes to advance the economy in Indonesia. One of the business fields that can develop and be consistent in the national economy, UKM must have a competitive strategy, including the advantages of high product quality and competitive prices. For example, one of the superior products of Baderan village is Suka Sari. Suka Sari is a brand of processed traditional herbal medicine in the form of powder which is the main product of Baderan Village. Suka Sari is produced by a home industry in Mlarik Hamlet RT.01 RW.01 Geneng District, Ngawi Regency. This research uses the methods of counseling, training, mentoring, use of technology, and partner participation. After the implementation of this community service, it can be concluded that the results of the activities are as follows: Partners' understanding of the need for good and healthy business management and empowerment must be improved. Professional business management training is needed to develop their business.There is assistance in the production process and marketing of products so that they can compete with competitors' products and Introduce appropriate technology (use of the internet for product marketing).

EDUKASI AKUNTANSI DAN PENDAMPINGAN PENYUSUNAN LAPORAN KEUANGAN UMKM KONVEKSI “UNIFORM MANUFACTURING DAN SERBA-SERBI OLSHOP”

The Micro Small Medium Enterprise (MSME) sector has proven to be resilient when there is an economic crisis at this time, only the MSME sector has survived the economic collapse during the Covid-19 pandemic while the larger sector has actually collapsed due to the crisis. Capital is an important factor for developing a business and to get capital loans from financial institutions, financial statements are very important because through these financial statements, banks and financial institutions can assess the ability to pay loans from these MSMEs. In this regard, one of the contributions of academics is to carry out community service. The purpose of this activity is to provide accounting education and assistance in the preparation of financial statements to MSMEs "Uniform Manufacturing & Serba Serbi Ollshop". This MSME is located in Selagik village, Terara district, East Lombok regency and its business activities are in the convection sector. Based on the results of community service, it can be concluded that the owner of the convection MSME "Uniform Manufacturing and Sundry Olshop Selagik village, Terara District, East Lombok, do not know about the preparation of financial statements. Therefore, there needs to be improvements in business financial management by compiling financial statements in accordance with applicable accounting standards.

Does Green Innovation Improve SME Performance?

The environmental damage phenomenon is a challenge for businesses today, including for small and medium industries in developing countries, such as Indonesia. Green innovation is a solution to answer public concerns over global environmental issues. However, the Small and Medium Enterprises (SMEs) sector generally still focuses on achieving their economic performance. Green innovation is a strategic step for SMEs to increase sustainability and financial performance in the global market. This study aimed to holistically identify the antecedents and consequences when implementing green innovation in SMEs. This study also analyzed the role of green innovation as a mediator in the relationship between intellectual capital, sustainability performance, and financial performance. The survey was conducted on 336 SMEs in Bali, Indonesia. The questionnaire was directly distributed to owners or managers of SMEs over three months. This study proved that intellectual capital positively increased green innovation, SME sustainability, and financial performance. Green innovation was also considered as a mediating variable in the relationship between intellectual capital, sustainability performance, and financial performance. Thus, the implementation of green innovation directs entrepreneurs to fulfill not only social and environmental responsibilities but also encourages SMEs to achieve their economic benefits.