Medium Enterprises Research Articles

IMPLEMENTASI METODE NAÏVE BAYES UNTUK PREDIKSI KELAYAKAN BANTUAN MODAL DAN KREDIT USAHA DI DESA SELAT ABIANSEMAL BADUNG

Small, Micro, and Medium Enterprises (MSMEs) are small-scale businesses carried out by individuals or business entities with a certain amount of net worth and sales proceeds. MSMEs in Abiansemal Strait Village, Badung, still use manual methods in analyzing data. Conditions like this are the basis for this study to create a system that can help make it easier for the Abiansemal Badung Strait Village if there is an assistance program from the government, both business capital assistance, and business credit applications to be given to MSME actors. Naïve Bayes' method of classifying MSMEs is built on concepts explored from the interview process, literature studies and system implementation. The design of this system was made using the Python programming language. The CRISP-DM model is a system development method used in the classification of MSMEs. The Feasibility Prediction Model for Capital Assistance and Business Credit using the Naïve Bayes Method can make it easier for users to find out whether the existence of a web-based classification and recommendation system can make it easier for users to carry out the MSME classification process easily and users can see the solutions recommended by referral MSMEs that have better business conditions directly.

Pengaruh Pemanfaatan Media Sosial, Kreativitas dan Modal Usaha terhadap Keberlanjutan Bisnis UMKM Milenial di Kota Medan

This examination was expected to research the impact of the utilization of virtual entertainment, imagination, and business capital on the supportability of the Millennial Micro, Small and Medium Enterprises (SMEs) business in Kota Medan. All SMEs in Kota Medan were picked as the populace and 73 respondents were utilized in this examination. Information was tried through a few cycles, for example, legitimacy test, dependability tests, the exemplary supposition test as the ordinariness test, heteroscedasticity test and multicollinearity test. For testing the speculation, numerous straight relapse examination with the assistance of SPSS Statistics 20 For Windows programming. The consequences of this study show that, (1) the utilization of web-based entertainment meaningfully affects Millennial SMEs business supportability, (2) innovativeness has a positive and massive impact towards Millennial SMEs business manageability, and (3) business capital has a positive and tremendous impact towards Millennial SMEs business maintainability. Keywords: Utilization of Social Media, Creativity, Business Capital, and Business Sustainability

IMPROVING SME PROFITABILITY: A BUSINESS ECOSYSTEM ANALYSIS PERSPECTIVE

This study aims to determine the influence of the business ecosystem on the improvement of profitability of Small and Medium Enterprises (SMEs) as a form of business success. The method used is descriptive and verificative with several approaches. The unit of analysis in this study is small businesses, with the unit of observation being business owners. Data processing method utilizes Structural Equation Modeling (SEM), and the data used is primary data. The results indicate the presence of a business ecosystem's influence on the increase in profitability, which impacts business success. The research findings demonstrate that a good business ecosystem can affect the enhancement of profitability. This study is expected to be valid for business practitioners and stakeholders in making decisions to achieve long-term business success.

Empowerment of MSMES in Increasing Competitiveness Based on Legality of Halal Businesses and Products

Business Licensing is the legality given to Business Actors to start and run their businesses and activities. having NIB speeds up the processing of other licenses because NIB is the initial requirement for obtaining various other documents, one of which is obtaining a halal certificate. Halal certificate is legal certainty of the halalness of a product. Halal products are products that have been declared halal in accordance with Islamic law. The purpose of this study was to determine the Empowerment of MSMES in Increasing Competitiveness Based on Business Legality and Halal Products. The results of this study indicate that the increase in small and medium enterprises cannot be separated from the role of the government in providing training and knowledge to improve the quality of products of business actors, one of which is in obtaining business licenses and halal product certificates. By having business legality and halal certificates business actors have a comparative advantage so that they are able to compete in the global market.

RETRACTION: Exploring Antecedents for the Circular Economy Capability of Micro, Small and Medium Enterprises: An Empirical Study

RETRACTION: Exploring Antecedents for the Circular Economy Capability of Micro, Small and Medium Enterprises: An Empirical Study

The Influence of Tax Understanding, Reduction of Final PPH Tax Rates, and Tax Sanctions on the Compliance of Micro, Small, and Medium Enterprises (MSMEs) Taxpayers (Case Study on Batik MSMEs in Jambi City)

This research aims to determine the effect of understanding taxation, reducing the final PPH tax rate and tax sanctions on taxpayer compliance. This research was conducted on batik MSME in Jambi City. The number of samples used in this research was 104 (one hundred and four) MSME actors with the sampling method being a saturated sample. The data analysis technique used in this research is SPSS 27. The results of this research show that understanding taxation is positive and significant on taxpayer compliance, reducing the final PPH tax rate has a positive and significant effect on taxpayer compliance. Meanwhile, tax sanctions have a negative and insignificant effect on taxpayer compliance

Training on Optimizing Digital Marketing to Improve Marketing for Micro, Small, and Medium Enterprises (MSMEs) in Mantrijeron District, Yogyakarta

The training activity aimed to provide knowledge and skills on implementing digital marketing. Conducted on Saturday, September 7, 2024, in Mantrijeron District, the training included 40 participants consisting of local MSME actors. The event utilized a combination of lectures and hands-on practice. It began with an opening and introduction to digital marketing, followed by a presentation on the concept of digital marketing, discussions on common challenges faced by MSMEs, explanations of foreign terms related to digital marketing, and concluded with a practical session. As a result, participants acquired valuable insights into digital marketing, and many expressed a desire for assistance with business capital to support their growth in the region.

Peran Digital Marketing pada UMKM dengan Prinsip-prinsip Syariah

The rapid development of technology has greatly changed the marketing landscape in the world, where marketing methods that were previously completely traditional and conventional have now been integrated into the digital world. Understanding and awareness of the importance, role and influence of digital marketing in micro, small and medium enterprises (MSMEs) is still low. Its implementation is still considered not that important, on the grounds that the business being run is not a large business that requires digital marketing. Including its implementation of sharia principles is still very minimal. Research that explores the role of digital marketing in MSMEs with sharia principles in a comprehensive manner has never been conducted before. The aim of the research is to explore the role of digital marketing in MSMEs with sharia principles. The method used is library research, using critical analysis techniques. The results of research regarding the role or impact or influence of digital marketing in MSMEs with sharia principles are on the following 15 things: (1) facilitate access to information; (2) marketing products; (3) become a superior product; (4) healthy competition; (5) expanding target/market share; (6) expanding geographic reach; (7) building trust and reputation; (8) purchasing decisions; (9) increase in income; (10) increase in sales; (11) increasing business performance; (12) business sustainability and success; (13) application of Islamic marketing ethics; (14) development of halal label MSMEs; and (15) development of MSMEs through cooperatives.

AI-driven personalization framework for SMES: Revolutionizing customer engagement and retention

In today's competitive business landscape, Small and Medium Enterprises (SMEs) face unique challenges in building and maintaining strong customer relationships. An AI-driven personalization framework offers a transformative solution by enabling SMEs to deliver highly targeted and individualized customer experiences, improving both engagement and retention rates. This review outlines how artificial intelligence (AI) can empower SMEs by integrating data-driven insights with customer interaction processes to revolutionize business practices. AI-driven personalization leverages machine learning algorithms, natural language processing (NLP), and predictive analytics to analyze customer behaviors, preferences, and feedback. By aggregating data from various sources—such as online interactions, purchase histories, and social media activity—AI can generate personalized recommendations, offers, and communication strategies that resonate with individual customers. The framework facilitates dynamic customer segmentation, allowing SMEs to tailor marketing efforts and enhance service delivery. The personalization process also extends beyond marketing by optimizing customer support through AI-powered chatbots and recommendation systems, which provide real-time solutions and advice. This level of personalization fosters stronger emotional connections, increasing customer satisfaction and brand loyalty. Additionally, AI-driven insights enable SMEs to anticipate customer needs, predict churn rates, and proactively address potential issues, thereby boosting retention rates. For SMEs, the implementation of an AI-driven personalization framework is not only cost-effective but scalable, making it accessible even to businesses with limited resources. As SMEs increasingly adopt digital tools, the integration of AI-based personalization becomes essential for staying competitive in a rapidly evolving market. This review highlights the potential of AI in transforming customer engagement strategies for SMEs by offering a tailored, efficient, and sustainable approach to enhancing customer experiences.

Skyward Bound: The HAL Odyssey - Innovations, Alliances, and Trials

Hindustan Aeronautics Limited (HAL) is a cornerstone of India's aerospace and defence sector, significantly influencing the industry landscape since its inception. Established in 1940, HAL has evolved from manufacturing foreign aircraft to developing indigenous technologies, including the Light Combat Aircraft (LCA) Tejas and the Advanced Light Helicopter (ALH) Dhruv. The organization has faced numerous challenges, such as quality control issues, bureaucratic hurdles, and the need for effective marketing strategies, impacting its operational efficiency and reputation. Nevertheless, HAL's commitment to innovation, skill development, and strategic collaborations with small and medium enterprises (SMEs) has fostered a robust aerospace ecosystem in Bangalore. As HAL continues to expand its portfolio, including projects like the Fifth Generation Fighter Aircraft (FGFA) and the Multirole Transport Aircraft (MTA), it remains a pivotal player in enhancing India's defence capabilities and positioning the nation as a formidable force in the global aerospace arena.

The Sustainability Role of Women Entrepreneurs through the Digital Financial Literacy Movement

This study discusses how financial technology and financial literacy play a crucial role in supporting the sustainability of small and medium enterprises (SMEs) in East Java. The utilization of financial technology, which includes various digital services such as online payments and access to financing, along with financial literacy, which refers to the understanding and ability to manage finances wisely, has been proven to be essential in maintaining the competitiveness and growth of businesses, especially among female entrepreneurs.The research was conducted using a survey involving 390 female entrepreneurs in East Java, selected through purposive sampling. Using multiple linear regression analysis, the findings indicate that both financial technology and financial literacy significantly impact the sustainability of women’s businesses in the region. However, this study is limited by its focus solely on female entrepreneurs in East Java, which may restrict the generalizability of the results to other cities. Therefore, a larger sample size across various regions would provide more comprehensive insights. This study suggests that the East Java government should pay closer attention to this sector, given its significant contribution to the regional and national economy.

Analysis of the Impact of Strategic Management on the Business Performance of Small and Medium Enterprises in South Nigeria

Analysis of the Impact of Strategic Management on the Business Performance of Small and Medium Enterprises in South Nigeria

Ethanolic cashew leaf extract: Antifungal activity and its application for shelf-life extension of dried salted tilapia fillets.

Ethanolic cashew leaf extract (ECLE) is rich in phenolic compounds with diverse bioactivities and can serve as a safe natural preservative. This study evaluated the antifungal activity and application of ECLE for shelf-life extension of dried salted tilapia fillets. Several extraction methods, antifungal activity, and application of ECLE in dried salted tilapia fillets were investigated. Ultrasonication followed by the Soxhlet extraction resulted in the highest yield (26.78%), total phenolic content (TPC), and total flavonoid content (TFC) (p<0.05). Conversely, the Soxhlet extraction method rendered lower yield (14.35%), TPC, and TFC (p<0.05). NaCl at high concentrations decreased both TPC and TFC in all ECLE samples, demonstrating the decomposition of those compounds induced by NaCl. ECLE obtained via the Soxhlet extraction method exhibited lower minimum inhibitory concentration (MIC) and minimum fungicidal concentration values than those prepared using other extraction methods. Thus, the former showed higher efficacy in inhibiting fungal growth and reducing mycelium growth than others (p<0.05), despite being less effective than potassium sorbate. At 4MIC, ECLE inhibited mycelium growth (56.83%-78.66%) and spore germination (87.5%-100%) after 72h and 10-16h of treatment, respectively. ECLE (4MIC) could inhibit the toxin production of fungi. For the challenge test, in which ECLE at 400 and 600mg/kg was added to dried salted tilapia fillet inoculated with Aspergillus flavus, fungal growth was retarded over 9 days of storage at 25±2°C (room temperature). Thus, ECEL could act as a natural food preservative to prevent fungal contamination. Toxin from fungi could be avoided, and the quality of dried salted fish was maintained. PRACTICAL APPLICATION: Cashew leaf extract rich in polyphenols can inhibit fungal proliferation, reduce mycelium expansion, prevent spore germination, and limit aflatoxin production. The extract canenhance the safety of dried salted fish, especially when contaminated with Aspergillus flavus in the humid atmosphere (80% relative humidity), particularly for small and medium enterprises. Nevertheless, this extract can also be applied in the fish processing industry, in which the synthetic antifungal agent could be replaced by the natural additive.

Digital-Based UMKM Branding &amp; Marketing Innovation Assistance for Rengginang and Shrimp Cracker Businesses

Throughout the decade of increasingly rapid digital growth, digital technology has been one of the needs and has played a major role in innovating branding and marketing of micro, small, and medium enterprises (MSMEs) in various sectors. Digitalization is part of the development and innovation to change traditional branding and marketing into digital-based marketing in Rengginang and Krupuk Udang businesses. The purpose of community service activities through mentoring the community is to provide insight and skills about product digitalization in the form of labeling and marketing so that the community can innovate and develop products, especially to improve the welfare of the community in Gerongan Village, Kraton District, Pasuruan Regency. The ABCD (Asset Based Communities Development) method is the community service Method, which is structured and based on the needs and potential to develop village communities. The following are the steps used: Local Identification and Analysis (Discovery), Brand Identity Development (Dream), Optimization of Production Practices and Product Quality (Define), Use of Digital Technology and Marketing (Destiny), and Performance Measurement and Evaluation. The results of this community service activity indicate an increase in MSME insight into the importance of digital-based branding innovation and digital marketing, increasing labeling skills, and digitalization of marketing for innovation and development in their businesses.

SMEs’ dependency on large corporations’ technology for sustainability in the United States

Introduction/Background: This study discusses how small and medium-sized firms (SMEs) depend on major corporations for key technology resources that support sustainability initiatives. While SMEs contribute considerably to economic development and innovation, they typically rely on bigger enterprises for access to new technology and market possibilities. This partnership gives SMEs benefits like greater operational efficiency and global market access but also creates obstacles such as budgetary limits and technical reliance. The essay explores techniques for SMEs to effectively exploit new technologies, balancing partnership with larger firms while retaining their autonomy and competitiveness in a quickly shifting business climate focused on sustainability. Materials and Methods: The materials used for this study were sourced from different databases which include scholarly journal articles, reports, and government gazette and policy papers in the areas of business, small and medium scale enterprises, entrepreneurship, management and economics. The inclusive criteria ensured that only those articles that investigated the merits and demerits of SMEs dependence on large corporation were utilised. The review of literature was conducted on 50 documents published between 2009 and 2024. Results: The findings as revealed from the reviewed literature revealed the different merits and demerits of SMEs dependence on large corporation. Case studies of Tesla, Microsoft, Walmart, and Amazon demonstrate the intricate reliance of SMEs on major firms in the United States. Tesla's reliance on SMEs for crucial components like batteries underlines the reciprocal advantages and dangers involved, since SMEs' stability rests on Tesla's performance. Microsoft helps SMEs through initiatives that stimulate innovation and technology adoption, boosting their capabilities. Walmart gives SMEs with access to huge distribution networks, enabling sales growth. Similarly, Amazon's platform gives SMEs tremendous market reach but also brings issues in competitiveness and price. Together, these instances show the potential and challenges SMEs confront in their relationships with bigger enterprises. Discussion: Encouraging supplier growth and enhancing supply chain resilience are vital for establishing a sustainable SME environment. Policymakers may promote SMEs through mentorship programs, financial aid, and tax incentives for partnership with large enterprises. Addressing financial impediments with targeted funding and boosting skills development through collaborations with educational institutions would help SMEs embrace new technology. Additionally, establishing technology-sharing activities and developing a legal framework that supports fair competition are vital. Fostering innovation among SMEs and supporting sustainable practices will eventually boost their competitiveness and contribute to broader economic and environmental goals, benefitting both SMEs and bigger organizations. Conclusion: The reliance of SMEs on big corporations provides noteworthy hurdles and possibilities that require for the adoption of effective government involvement. Through the elimination of financial obstacles, the upgrading of technical skills, the promotion of fair competition, and the encouragement of innovation and sustainability, governments may build a fair climate that enables SMEs to prosper alongside bigger firms. This approach not only allows SMEs access to resources and contemporary technology, but it also stimulates economic variety and creativity, which in turn contributes to continuous development and competitiveness in a dynamic market.

Factors affecting the effectiveness of internal control systems in small and medium enterprises operating in the trade and service sector in Binh Duong Province

This study aims to identify the factors affecting the effectiveness of internal control systems (ICS) in small and medium-sized enterprises (SMEs) operating in the trade and service sector in Binh Duong Province, Vietnam. The key factors examined include risk assessment, control environment, information and communication, control activities, and monitoring. The survey of 155 samples and multivariate regression analysis indicate that four main factors influence ICS effectiveness: risk assessment, control environment, control activities, and monitoring, with the control environment being the most impactful. Based on these findings, the study proposes management implications to enhance ICS for SMEs, including the development and implementation of appropriate ICS systems. This contributes to improved management efficiency and aids SMEs in achieving their operational, reporting, and compliance objectives. Keywords: Internal Control Systems, Trade Enterprises, Effectiveness, And Binh Duong

Analysis of the Effect of Sharia Bank Financing and Investment on Economic Growth through Micro, Small and Medium Enterprises (MSMEs) Credit

This study seeks to examine the impact of sharia bank financing and investment on economic growth in Indonesia by analyzing lending to micro, small, and medium companies (MSMEs) utilizing time series data. This research characterizes economic growth through the Gross Regional Domestic Product (GRDP) for each province in Indonesia. This study utilizes secondary data from 2011 to 2022 sourced from BPS, OJK, and Bank Indonesia, analyzed using the Path Application. This report assesses the direct and indirect funding of Islamic banks and their involvement in economic growth via Micro, Small, and Medium Enterprises (MSME) credit. The research findings indicate that the Islamic bank funding variable does not significantly influence the MSME credit variable; nevertheless, the investment variable does have a substantial impact on the Micro, Small, and Medium Enterprises (MSME) credit variable.

Nexus between intellectual capital and innovation performance: the mediating role of firm’s attractiveness and knowledge sharing

Purpose Intellectual capital has recently gained significant attention for achieving a competitive advantage for firms. Accordingly, this study aims to examines the impact of intellectual capital on small and medium enterprises (SMEs) innovation performance. Additionally, it also examines the mediating role of firm’s attractiveness (FATR) and knowledge sharing (KS) in small enterprises of India’s National Capital Region (NCR). Design/methodology/approach Data was gathered from 395 owners and managers of the NCR region through a self-administered survey questionnaire. The author applied a “variance-based structural equation modeling” to examine the outcomes. Findings The outcomes exhibited that relational capital (RC) significantly influences the FATR, while human capital (HC) and structural capital (SC) insignificantly influences the FATR. Furthermore, HC, RC and SC substantially influence KS. Interestingly, the outcomes also reveal that a FATR and KS substantially influence innovation performance. Research limitations/implications This research provides valuable opportunities to expand the study of intellectual capital and innovation performance in SMEs across different countries, paving the way for future comparative analyses in diverse international contexts. Practical implications The results assist policymakers and practitioners in assessing an organization’s ability to transform data into intellectual capital within the context of “Industrial Revolution 4.0” to strengthen its sustainability and innovation performance. Originality/value The current paper delivers a more affluent and novel understanding of Indian SMEs by examining the interplay between intellectual capital and innovation performance mediating by a FATR and KS behavior. Furthermore, the proposed model has not been previously addressed in the academic literature, which signifies advancement in scientific knowledge.

Labneh: A Retail Market Analysis and Selected Product Characterization.

Labneh is a popular fermented dairy product, which contemporarily has diversified into a varied range of styles, formulated with the inclusion of multiple additives, and is sourced across the globe. This has driven labneh's emergence as a complex product with varying textural and rheological characteristics. The lack of scientific literature about labneh products available in the United Arab Emirates (UAE) market and their characterization has prompted this study. A detailed UAE market analysis of labneh for label, formulation, nutrition, and price variability was conducted. Surveyed labneh products were categorized as unpackaged, multinational company (MNC), small and medium enterprise (SME), and specialty products. They differed in manufacturing, such as acid ± enzyme coagulation with/without post-fermentation heat treatment, and contained various stabilizers, emulsifiers, preservatives, and processing aids. Interestingly, almost equal proportions, 64.7% and 67%, of MNC and SME labneh contained additives, respectively. All MNC labneh were post-heat-treated, in contrast to only 7% of SME labneh. Organic labneh and non-bovine milk-based labneh are not yet widely available. The second part of the study involved the physicochemical characterization of a select number of packaged labneh that were categorized in accordance with fat content as high-fat (17-18%), full-fat (7.1-8%), and lite-fat (3.5-4.5%). High-fat labneh showed a significantly higher complex viscosity, complex modulus, hardness, adhesiveness, stringiness, and fracturability, followed by lite-fat labneh compared to full-fat labneh, especially when it contained pectin. Full-fat labneh with added gums (and starch) and high-fat labneh with gums showed a significantly lower complex modulus compared to their respective control labneh. This study highlights the variety of commercial labneh products available and differences in their formulation, manufacturing, and composition, and provides specific dependencies of materials with their physicochemical characteristics.

Prospects for the Financial Instruments System Development for Small and Medium Enterprises

Prospects for the Financial Instruments System Development for Small and Medium Enterprises