Performance Of Micro Enterprises Research Articles

Modeling the Significance of Sustainability Orientation on the Sustainability Performance of Micro-Enterprises in an Emerging Economy.

Sustainable enterprises are essential for developing economies’ progress and prosperity. Micro-enterprises (MEs) play an important role in creating jobs and actively participating in socioeconomic activities. However, little is known about how MEs use internal capabilities to achieve long-term success. This study explores the influence of the strategic orientations (i.e., sales, consumer, competitive, emotional, business, and networking) instigating the sustainability orientation. The sustainability orientation nurtures the sustainable performance of the MEs. The cross-sectional data collected from the 450 MEs with the structured interviews and samples were randomly selected from the list of MEs registered in seven districts of Kelantan, Malaysia. The collected data were analyzed with partial least square structural equation modeling (PLS-SEM). The data analysis discovered that the sale, consumer, competitive, and emotional orientation significantly impact the MEs’ sustainable orientation. The business and networking orientations insignificantly facilitate the sustainable orientation among the samples. The MEs’ sustainable orientation suggestively influences the sustainable performance among the MEs. Furthermore, the study analysis postulated a significant mediating effect of sustainable orientation among the orientations (sale, consumer, competitive, and emotional) on the MEs’ sustainable performance. Our study offers a better understanding of the RBV in the MEs and brings significant empirical evidence to attain sustainable performance with the firm’s level orientation for the MEs. The study brings forward the practical implication for business and policymakers that the MEs require internal and external support to align the business and networking orientation to harness the sustainable performance among the MEs. In the end, the study limitations and future research options are highlighted.

The Determinants of Micro and Small Enterprises Performance: An Empirical Study of Millennial and Centennial Entrepreneurs

The purpose of this study is to determine the factors affecting the enterprise performance of Micro and Small Enterprises (MSEs) among generations Y (millennial) and Z (centennial) entrepreneurs during the Covid-19 pressure under the theory of Resource-Based View. Data were collected by online questionnaires to 227 generation Y and Z respondents and were analyzed using the Partial Least Squares Structural Equation Model (PLS-SEM). The data analysis findings indicate that risk-taking and networking positively affect micro and small enterprise performance positively and positively affect entrepreneurial competencies. Entrepreneurial competencies also significantly positively affect micro and small enterprise performance. While technology usage has no significant effect on micro and small enterprise performance, it substantially affects entrepreneurial competencies. Theoretical and practical contributions are provided.

PENINGKATAN KINERJA UMKM MELALUI PENGELOLAAN KEUANGAN

From the research entitled "The Influence of Financial Management in Improving the Performance of Micro, Small and Medium Enterprises (UMKM) in Surabaya" this study aims to analyze good financial management in improving the performance of UMKM. This research was conducted in Surabaya, East Java. The object of this research, namely the influence of financial planning, financial records, and the separation of personal financial statements and business finances on the performance of UMKM. This study uses a sample of UMKM in Surabaya. In this study, the sampling technique used a non-probability sample, because the researcher did not get the details of the respondent's identity needed in making the sampling frame. Non-probability method using purposive sampling technique. Purposive sampling is a sampling technique based on special criteria, namely business actors in Surabaya. The analysis used is multiple linear regression. The results of this study are that the value of the financial planning variable has a value of 0.21, and financial records have a value of 0.19, and the separation of personal financial statements and business finances has a value of 0.15 which means that each of these variables has a significant effect on the performance of UMKM..

Assessment on the Determinant Factors on the Performance of Micro and Small Enterprises: The Case of Hossana Town in Ethiopia

This paper investigates assessment on the determinant factors on the performance of micro and small enterprises in Hossana town, in Ethiopia. The study used survey method using a structured questionnaire which was administered to 125 sample respondents. In order to accomplish the objectives of the study, independent variables and a dependent variable, performance of micro and small enterprises was discussed. This study includes five micro and small scale enterprises, from each strata owners or managers of the enterprise was taken for the study by using stratified and convenience sampling techniques. After the data collected, it was analyzed by using descriptive statistics like tables and graphs. Also multiple linear regression model was used. The findings show that experience, planning practice, record keeping practice, access to finance and access to raw materials (inputs), are positively and significantly determine the performance of micro and small scale enterprises so the concerned bodies should provide finance for enterprises and better to give training on how to prepare plan, how to keep good record, and how to manage over all work activities in the enterprise. Keywords: determinants, micro and small enterprises and performance DOI: 10.7176/EJBM/14-9-03 Publication date: May 31 st 2022

Enhancing the performance of Indian micro, small and medium enterprises by implementing supply chain finance: challenges emerging from COVID-19 pandemic

PurposeThe already scarce financial resources coupled with the current COVID-19 pandemic have created the worst scenario for Indian micro, small and medium enterprises (MSMEs). The application of supply chain finance (SCF) solutions to MSMEs can enhance the performance and growth of the sector. But, the implementation of SCF solutions faces various obstacles which restrict the MSMEs' ability to meet their financial requirements. The purpose of this paper is to explore and prioritize the various important barriers hindering SCF application in Indian MSMEs.Design/methodology/approachLiterature on SCF and MSMEs are critically reviewed and barriers affecting the SCF application in Indian MSMEs are scrutinized with the consultation of the experts. The present study applies intuitionistic fuzzy-analytic hierarchy process (IF-AHP) methodology to prioritize the identified barriers and thereafter, the sensitivity analysis is also done to observe the identified barriers under different situations.FindingsThe results of the study have revealed that poor cash flow management and working capital management disruption are acting as the most prioritized barriers of SCF. The external factor of cultural challenges has been prioritized as the minimum-influence factor that has least negative influence on the operations of SCF in MSMEs.Practical implicationsThe present study bears an important practical and managerial implication to solve real world problems of financial constraints of MSMEs. The managers should emphasize upon the importance smooth flow of cash and working capital management across the supply chains by which better SCF solution can be implemented in MSMEs.Originality/valueThe study conducted is an effort to address the barriers of SCF in Indian MSMEs during the COVID-19 pandemic. The implementation of IF-AHP and sensitivity analysis would help managers and policymakers to comprehend and resolve the prioritized barriers and sub-barriers of SCF in the MSMEs.

Social Media Driven Marketing and Performance of Micro, Small and Medium Scale Enterprises in Akwa Ibom State, Nigeria

Social Media Driven Marketing and Performance of Micro, Small and Medium Scale Enterprises in Akwa Ibom State, Nigeria

Effect of promotional strategies on the sales performance of micro, small and medium enterprises

Effect of promotional strategies on the sales performance of micro, small and medium enterprises

Strategic decision making and innovative performance of micro and small enterprises

Strategic decision making and innovative performance of micro and small enterprises

FAKTOR DEMOGRAFI, FINANCIAL TECHNOLOGY, DAN KINERJA KEUANGAN USAHA MIKRO KECIL DAN MENENGAH (UMKM): INKLUSI KEUANGAN SEBAGAI MEDIASI

This study aims to examine the influence of demographic factors and financial technology on the financial performance of micro, small and medium enterprises (MSMEs) and the mediating role of financial inclusion. This quantitative study uses a descriptive approach. The population in this study is SMEs in Yogyakarta, Indonesia. The sample in this study is This study consisted of 108 respondents. This test was conducted using multiple linear regression analysis and path analysis. This study considers the effectiveness of the application of financial inclusion as a factor that mediates the influence of demography and financial technology on the performance of MSMEs in Yogyakarta City. The results of this study prove that demographic factors does not affect financial inclusion, financial technology has a positive effect on financial inclusion, demographic factors have a positive effect on financial performance, financial technology has no effect on financial performance, financial inclusion has a positive effect f on financial performance. Demographic factors affect financial performance through financial inclusion and financial technology affects financial performance through financial inclusion. Keywords : Demographic Factors, Financial Technology, Financial Performance, Financial Inclusion

PENGARUH KARAKTERISTIK KEWIRAUSAHAAN TERHADAP KINERJA USAHA MIKRO DAN KECIL MELALUI PENERAPAN MANAJEMEN USAHA DI KOTA JAMBI

This study aims to analyze the effect of entrepreneurial characteristics on the performance of Micro and Small Enterprises through the application of business management in Jambi City. The approach used is descriptive quantitative. Samples were taken as many as 99 micro and small business actors. The data used in this study are primary and secondary data. The findings from the research show that there is a significant effect of entrepreneurial characteristics on performance on the implementation of micro and small business management in Jambi City. Entrepreneurial characteristics also affect the performance of micro and small businesses through the application of business management, both in the management and management functions.
 Keywords: Entrepreneurial characteristics, Management, Performance and Micro Small Enterprises.

SUSTAINABILITY PERFORMANCE OF INFORMAL MICRO-ENTERPRISES: THE CASE OF SENEGAL

This study empirically investigates the relationship between entrepreneurial competencies and sustainability performance. It also explores the direct effects of financial capital, human capital, social capital, government support and business environment on sustainability performance of micro-enterprises operating in the informal sector. The study is conducted within the context of Senegal and through the lens of resource-based view theory. Employing a cross-sectional design, data is collected from randomly selected micro and small entrepreneurs operating in the informal sector. The outcomes include a positive effect of opportunity recognition competency, commitment competency and government support on the sustainability performance of micro-enterprises. An Importance Performance Matrix analysis indicates that these factors are the most important factors determining sustainability performance of micro-enterprises within the context of the informal sector. The findings extend the scope of RBV while simultaneously enhancing the knowledge and understanding pertaining to the interplay of entrepreneurial competencies and sustainability performance, particularly for small business operators in the informal sector. Implications are drawn to theory development, practice and public policy.

Assessing Effect of Marketing Practice on the Business Performance of Micro and small enterprise (MSE) in shashamenne town, Ethiopia.

AbstractThe main aim of this study is assessment of the effect of marketing practice on the business performance of micro and small MSE in shashemanne town, Ethiopia. In order to make the study being manageable it is necessary to define the delimitation of the study. Thus, the study were delimited conceptually, methodologically, time and geographically. Descriptive research design was applied. Both qualitative and quantitative types of data were used. Primary and secondary source of data was also applied. The target population for this study includes MSEs, workers, manager and owners of robe town micro and small scale enterprise office. The researchers was employed, both probability and non-probability sampling design, Proportionate Stratified sampling and Purposive sampling technique was used. The sample size of the study includes 10 government official from the sector leading organization and 319 from the Mse employees. Descriptive and inferential analysis was used. The model summary indicate the R2= 51.9 percent means that the total variation in the dependent variable (business performance is explained or caused by 51.9 percent of the change in all independent variables: MS, MC, AM, MMS and INF in connection with business performance of SME. The major finding of the study indicate that Marketing skill or hesitant to analyze existing business opportunities, managerial capacity are very critical for the them, poor infrastructure, problem of proximity to buyers and the following recommendation was forwarded based on the finding, MSEs are seen as an essential springboard for growth, job creation and social progress, solving shortage of local supply needs, provide training facilities and promote experience sharing programs, increase the capacity, knowledge and skill of the operators, experience sharing from successful enterprises

THE EFFECT OF TAX INCENTIVES ON FINANCIAL PERFORMANCE OF MICRO, SMALL, AND MEDIUM ENTERPRISES DURING THE COVID-19 PANDEMIC

This study aims to determine whether tax incentives have an effect on the financial performance of Micro, Small and Medium Enterprises ( MSMEs ) during the COVID-19 pandemic. The data used for hypothesis testing is using primary data obtained through distributing questionnaires to MSME taxpayers in the Yogyakarta region. The analytical method used to answer the truth of the hypothesis is multiple linear regression. After the data is analyzed, the results show that income tax incentives for MSMEs, Value-Added Tax (VAT) incentive have a positive effect on the financial performance of MSMEs during the COVID-19 pandemic. Meanwhile, the article 25 income tax incentive did not affect the financial performance of MSMEs during the COVID-19 pandemic

Financial literacy of entrepreneurs: a systematic review

Purpose This paper aims to study the level of financial literacy of entrepreneurs across the globe and its role in financial access and performance of micro, small and medium enterprises (MSMEs) based on a systematic review. The present study identifies the measures to enhance the level of financial literacy for increasing financial access and performance of enterprises.Design/methodology/approach Systematic literature review has been undertaken by identifying 358 studies from various sources. After removing the 237 studies based on selection criteria, 67 studies have been found relevant for the present study.Findings The level of financial literacy of entrepreneurs around the world is generally low. It has been found that financial literacy improves performance of an enterprise, particularly when the funds are readily available as insufficient funds disrupt the operating efficiency of the firm, thereby hindering its growth and survival. The other most important factors i.e. access to formal finance, lending policies of financial institutions, ease of doing business and training programmes have a substantial influence on the survival of the firms. The literature also revealed that there is no standardised methodology to measure the financial literacy of entrepreneurs.Research limitations/implications The study conceptualises a research model which can be used by the policymakers to develop training modules for entrepreneurs. These training modules will contribute to the nation’s economic growth by virtue of enhanced performance and superior financial access.Originality/value This study proposes a hypothesised research model which is one of its kinds to demonstrate the influence of financial literacy on financial access and performance of MSMEs.

Narrow Market Business Level Strategies Performance of Micro and Small Enterprises

Narrow Market Business Level Strategies Performance of Micro and Small Enterprises

The Effect of Entrepreneurial Marketing Perceptions on MSMEs Business Performance During Covid-19 Pandemic in Bogor City

This study aims to analyze the factors that affect the business performance of Micro, Small and Medium Enterprises (MSMEs) during the COVID-19 pandemic in Bogor City. The research was carried out during January-February 2021 on 150 MSME respondents with the criteria of a food processing business, a minimum business age of 2 years or have opened a business before the pandemic period. The data processing method employed in the form of quantitative descriptive analysis, cross-tabulation and using the SEM-PLS. The results showed that the characteristics of the business doers described by gender, age, educational background, reasons for pursuing a business, initial work before starting a business, the beginning of running a business, length of business which reflected by age and education level had a correlation with production techniques on internal environmental factors. External environmental factors have a significant positive effect on entrepreneurial marketing and performance which are explained by government policy aspect, socio-cultural and economic aspect, role of related institutions aspect and aspect of competitors, from these indicator variables, socio-cultural and economic aspects most reflect the external environment from the business doers. Internal environmental factors have a positive and significant effect on entrepreneurial marketing, but on the contrary, the higher the internal environmental factors, the lower the business performance. Entrepreneurial marketing shows a significant and positive influence on the business performance of MSMEs in Bogor City with a proactive indicator that can reflect entrepreneurial marketing, while business performance is reflected by the customer growth indicator. Keywords: business performance, business environment, COVID-19 pandemic, entrepreneurial marketing, MSMEs

The Influence of Business Performance on Credit Accessbility to Micro and Small Enterprises (MSEs)

This study investigates the influence of performance of micro and small enterprises on accessing external finance from banks. This study used data from 30 respondents of MSEs by survey questionnaires in West Sumatera, Indonesia. The study used simple linear regression model with the access of credit as the dependent variable and performance of business as the independent variable. The results confirm that the performance of MSEs significantly affect accessibility to external finance from banks. The study recommended that both financial and non-financial measures are important in determining access to credit. Therefore, businesses have to improve their resources in order to increase their performance and to improve their accessibility to credit. Due to their limitations in preparing financial statements, the hybrid approach of using financial and non-financial measures should be considered by financial institutions to assess the conditions of the business. A conductive environment should be created for good relationships among stakeholders.

The Effect of Management Accounting Information Systems and Internal Business Process on the Performance of MSME’s in Pasuruan

This study aims to determine the effect of management accounting information systems and internal business processes on the performance of micro, small and medium enterprises in Pasuruan. The performance of MSMEs in this study is seen in terms of strategic performance, administrative performance and operational performance as an endogenous variable. Exogenous variables in this study include management accounting information systems and internal business process. Management accounting information systems are seen through several things related to broad scope information, timelines, aggregation and integration, while internal business processes is measured based on several things related to the innovation process, operational processes and post-sales service. In this study, micro, small and medium enterprises with certain criteria in Pasuruan were the objects of research, namely as many as 112 MSMEs using the purposive sampling method. The data analysis used in this research is Structural Equation Modeling (SEM) with a real level of 5%. Based on the results of the analysis, it appears that the internal process business and management accounting information systems has a significant effect.

ANALISIS PENGARUH MANAJEMEN RANTAI PASOK BAHAN BAKU TERHADAP KINERJA UMKM KERIPIK SINGKONG DI KOTA CILEGON

This study aims to analyze the relationship of information sharing, trust, long-term relationships, and collaboration on the performance of Micro, Small and Medium Enterprises (UMKM) cassava chips in the City of Cilegon. The number of samples in this study was 40 respondents, namely the owners of cassava chips Micro, Small and Medium Enterprises (UMKM) and directly related to cassava raw material suppliers. Data analysis techniques use multiple linear regression analysis.The analysis tools are using SPSS program version 21. Based on the results of the analysis that has been done, the results show that sharing information has a positive but not significant effect on the company's performance. The trust has a positive and significant effect on the company's performance. Long-term relationships have a positive but not significant effect on the company's performance. Collaboration has a positive and significant effect on the company's performance.

DAMPAK PENERAPAN MANAJEMEN STRATEGI TERHADAP PERKEMBANGAN USAHA MIKRO DI SULAWESI SELATAN

This study aims to measure how strong the influence of implementing strategic management practices and digitalization on the performance of micro-enterprises in South Sulawesi-Indonesia (Makassar, Gowa, Maros, & Pare-Pare), especially performance related to sales turnover, break-even point (BEP), and profit. This study uses quantitative methods with primary data and data sources through the interview process and questionnaires. The interview process was conducted with the heads of small and medium enterprises (micro enterprises) in South Sulawesi (Makassar, Gowa, Maros, & Pare-Pare), while the questionnaires were distributed directly to 200 respondents by survey officers. Of the 200 questionnaires distributed to respondents, 180 of them (90%) met the requirements for processing and analysis. The results showed that strategic planning had a negative and significant effect on the sales volume of micro enterprises, strategic planning had a positive and insignificant effect on the bep of micro enterprises, strategic planning had a negative and significant effect on the profits of micro enterprises, implementation strategies had a negative and no effect. significant effect on the sales volume of micro enterprises, the implementation strategy has a positive and insignificant effect on the bep of micro enterprises, the implementation strategy has a negative and insignificant effect on the profits of micro enterprises, strategic evaluation has a positive and significant effect on the sales volume of micro enterprises, strategic evaluation has positive and significant influence on the bep of micro enterprises, strategic evaluation has a negative and insignificant effect on profits of micro enterprises, the use of technology has a positive and insignificant effect on volume Micro-enterprise sales volume, the use of technology has a negative and insignificant effect on the bep of micro-enterprises, the use of technology has a positive and significant impact on the profits of micro-enterprises.