Enterprise Sector Research Articles

The influence of supply chain agility on FMCG SME marketing flexibility and customer satisfaction

In the fast-paced Fast-Moving Consumer Goods (FMCG) sector, small and medium-sized enterprises (SMEs) must adapt swiftly to changing market conditions and consumer demands to stay competitive. This review explores the influence of supply chain agility on marketing flexibility and customer satisfaction in FMCG SMEs. Supply chain agility, characterized by responsiveness, adaptability, and real-time decision-making, enables SMEs to respond quickly to market shifts, optimize operations, and deliver products efficiently. As a result, agile supply chains directly impact the marketing flexibility of SMEs by enabling faster product launches, customization, and rapid adjustments to promotional strategies based on market feedback. This also highlights how marketing flexibility, supported by agile supply chains, enhances customer satisfaction by meeting expectations related to product availability, quality, and service delivery. Agile supply chains allow FMCG SMEs to reduce stockouts, improve order fulfillment times, and adapt to customer preferences, creating a seamless experience that fosters brand loyalty. Furthermore, this review presents case studies of FMCG SMEs that have successfully implemented agile supply chains to boost marketing responsiveness and customer satisfaction, demonstrating real-world applications of these strategies. By examining the interrelationship between supply chain agility, marketing flexibility, and customer satisfaction, this review emphasizes the importance of an integrated approach to operations and marketing in FMCG SMEs. The findings suggest that investing in supply chain agility is critical for SMEs seeking to enhance their market adaptability and customer-centricity. The study concludes by offering recommendations for FMCG SMEs to develop agile supply chains that enable them to thrive in a competitive and ever-evolving marketplace, where customer satisfaction and rapid market response are key drivers of success. Keywords: Supply Chain, FMCG SME, Marketing Flexibility, Review.

An Exploration of Entrepreneurs’ Socio-economic Situation and Its Impact on Micro and Small Businesses in South Andaman

This study aims to investigate the socio-economic conditions of entrepreneurs that influence the growth of micro and small enterprises (MSEs) in the South Andaman District. In this study, a scheduled questionnaire-based survey research design was used, and a sample of 344 small business owners was collected for analysis. The data were processed using SPSS, and chi-squared test was applied for statistical analysis. The study’s findings revealed that factors such as entrepreneurs’ business experience, income levels, the number of working employees and ownership of house property significantly impact the growth of enterprises in the island region. However, factors like business location and sector of enterprises were found to be statistically insignificant in determining MSEs’ growth in the island region. The study suggests that policymakers and local administrations should enhance support for micro, small and medium-sized enterprises in island regions by implementing policies such as island capital investment subsidies and island transport subsidies for MSEs. As a result, small businesses play a pivotal role by contributing to local employment, production and investment opportunities in the island region.

The Influence of Enterprise Risk Management, Corporate Social Responsibility, Cost of Capital, and Firm Size on Firm Value

Implementing corporate social responsibility (CSR) and enterprise risk management (ERM) is becoming more important, since it is an indication of a long-term sustainable business. Investigating the effects of ERM, CSR, cost of capital (CoC), and company size on the value of manufacturing sector enterprises in Indonesia is the aim of this study. 56 manufacturing companies that are listed on the Indonesia Stock Exchange and that provide annual reports and detailed financial statements for the fiscal years 2016 through 2019 make up the study’s sample. Firm value is proxied by the Tobins’q (TQ) value. CoC is determined using WACC, CSR is evaluated using each company’s disclosure index, and the firm’s size is indicated by LnTotal Assets. The data in Eviews 12 was analyzed using panel data regression. The study results show that CSR and ERM are essential to raising a company’s worth. The company value increases with the degree of ERM and CSR adoption. The study also found a significant negative correlation between company size and worth. However, this study is unable to show how capital expenses affect the value of a company. Keywords: CSR, cost of capital, enterprise risk management, firm size, firm value

Canva Rebranding and Product Photography Training for the Development of MSME Actors in Kenongo Village

The increasing competition in the Micro, Small, and Medium Enterprises (MSMEs) sector, particularly in the culinary field, necessitates effective branding strategies to enhance marketability. Despite the potential of rebranding to improve visibility and customer engagement, many MSMEs lack the skills to create compelling logos and packaging that reflect their brand identity. This study addresses this knowledge gap by implementing a training program in Kenongo Village focusing on rebranding using Canva and product photography. The primary aim of this training was to enhance the design capabilities of 16 MSME participants, particularly those without existing logos or employing simplistic packaging. Post-training assessments indicated a significant improvement in participants' understanding of rebranding concepts and their proficiency in utilizing the Canva application, resulting in logos and packaging that added value to their products and improved their market image. This training introduced participants to digital design tools, fostering a stronger visual identity for their businesses. While some participants experienced technical challenges due to varying levels of digital literacy, the training effectively motivated them to prioritize the development of their brand identity, suggesting that similar initiatives could be beneficial for other MSME groups seeking to enhance their competitiveness in the market. Highlights: Training Impact: Significant improvement in design skills and understanding of branding concepts among participants. Digital Literacy: Varying levels of digital skills presented challenges, highlighting the need for tailored training approaches. Market Competitiveness: Enhanced visual identity can lead to improved product image and broader market reach for MSMEs. Keywords: rebranding, MSMEs, Canva, product photography, culinary sector

Employee training as a tool to achieve goals depending on SME’s type

Employee training is one of the most important areas of human resources management and is key to the career development of employees. The aim is to determine how the sector and size of small and medium enterprises (SMEs) influence the corporate education of employees. Data were collected using a questionnaire distributed among 610 SMEs in the Czech Republic; valid answers were obtained from 581 enterprises. The respondents mainly include managers responsible for employee education or other representatives with relevant experience. This database was tested using statistical methods, including Pearson’s chi-squared test of independence, Kolmogorov-Smirnov normality test, and Kruskal-Wallis test. The results indicate that enterprises with 150-250 employees try to provide them with training that would correspond to the so-called work-life balance. Enterprises with 50-149 employees often have a larger budget and resources to invest in corporate training. The results show that in terms of SME size, employee training is most commonly applied by medium-sized enterprises. It is confirmed that the bigger the enterprise, the more frequently its employees are trained. On the other hand, the sector does not significantly influence employee training. Slightly above-average use of employee training is observed in the transport and logistics sectors, but the difference is not substantial. AcknowledgmentThis paper was supported by the project IVSUPS2303 “Current topics of the social pillar of CSR related to acquiring and developing human resources.”

Digging deeper into organisational resilience through strategic agility and strategic orientation: a study from the perspective of Sri Lankan SME leaders

Fueling success in the small and medium enterprise (SME) sector requires a robust blend of organizational resilience and strategic agility to navigate the right strategies toward the ever-changing landscape of limited resources and constant dynamism. Therefore, leaders of SMEs need to play a prominent role in navigating the right balance of strategies towards organizational resilience. The purpose of this study is to explore the impact of strategic agility on organizational resilience in times of economic uncertainty and by firm characteristics. Accordingly, raw data was collected in 2023 from 440 SME leaders using a structured questionnaire and data was analysed using descriptive and inferential statistics using SPSS and AMOS. The findings of the study indicate that strategic agility significantly enhances organisational resilience by decoupling strategic orientation in the SME sector. Findings further revealed that strategic sensitivity has a prominent role in fostering resiliency, particularly in medium-sized companies. Therefore, SME leaders need to identify enablers of organisational resilience in line with firm characteristics and uncertainty of the market and detailed attention to evolving strategic constraints is necessarily required through codifying strategic agility with strategic orientation into resilience capabilities which requires capturing and embodiment of organisational reaction to change.

Key organisational barriers to effective knowledge risk management in South African public sector enterprises

Purpose: The aim of this study was to delve into the obstacles preventing the effective management of tacit knowledge risks in South African public sector enterprises (PSEs) from the perspectives of human resource management (HRM) and knowledge management (KM).A perusal of the literature reveals that most South African PSEs are grappling with significant challenges related to potential tacit knowledge loss risks.Design/methodology/approach: The research utilised a mixed methods exploratory sequential design, collecting qualitative data through interviews with 20 HR managers in 9 PSEs and survey data from 585 questionnaires. The reliability of the data was tested, and thematic analysis was performed using Atlas.ti software.Findings: The study identified key barriers to effective tacit knowledge loss risk management in PSEs, including a silo mentality, organisational red-tape, knowledge as a power source, lack of recognition and rewards, KM awareness, cultures and structures, employment equity, fixed-term contracts, competing priorities for leadership, knowledge hoarding, HRM practices, and inadequate KM technologies and systems. These pressing issues need to be addressed to improve knowledge risk management (KRM) efforts in PSEs.Research limitations/implications:The exploration of organisational barriers was only limited to the tacit knowledge loss risks category, induced by human resource turnover in country-specific PSEs. Future studies could explore the organisational barriers and factors affecting other types of knowledge risks in PSEs or similar knowledge-intensive business enterprises across the globe using different samples and populations. Other similar studies could include strategic sectors of the economy such as energy generation, civil aviation, defence, mining and rail. The study contributes to the knowledge-based view and knowledge stickiness theories, and proposes an interdisciplinarity approach using mixed methods for future research on tacit knowledge loss.Practical implications: The research findings conclusively indicate that PSEs face the aforementioned barriers that hinder the effective implementation of the KRM system. This study identifies that key organisational barriers were mainly due to a lack of knowledge-driven HRM strategies in KM. To address these barriers, HR managers and other stakeholders must collaborate to ensure effective knowledge management and mitigate the negative impact of knowledge loss risks on organisational performance.Social Implications: The study highlights the importance of removing key barriers for improved KRM in PSEs. The improved KRM can enhance public service delivery efficiency, transparency and the accountability of PSEs by addressing socio-economic developmental issues in developing economies.Originality/value: Using South African PSEs as a case to address this challenge, the paper sought to explore key organisational barriers to effective knowledge loss risk management in organisations with a view to shaping discourse, policies, research, theories and practices in KM and HRM. Organisational barriers affecting the management of such risks remain unexplored in the extant body of knowledge and practice.

"Evolving Horizons: The Journey And Impact Of LIC's Landmark IPO"

The Initial Public Offering (IPO) of the Life Insurance Corporation of India (LIC) in May 2022 marked a pivotal transition for one of India’s largest financial institutions from a state-owned entity to a publicly listed company. This move was part of the government's broader strategy to divest its stakes in public sector enterprises, aiming to enhance operational efficiencies, improve transparency, and maximise shareholder value. Navigating through a series of legislative amendments and complex valuation challenges, the IPO drew substantial attention from both domestic and international investors, reflecting strong confidence in LIC's market fundamentals. This paper provides a detailed review of the IPO process, the subsequent market response, and its impact on LIC’s business operations and governance structure. It discusses the strategic motivations behind the IPO, the execution challenges, and the implications for future economic reforms in India. By analysing LIC’s performance post-IPO, the study highlights the critical role such transformative events play in modernising state-owned enterprises and integrating them with global financial markets, projecting significant implications for similarentities considering public offerings.

Typology of Leadership Styles Depending on the Nature of Decision-Making and Business/Person Orientation

The purpose of the study is to develop a classification of leadership styles based on a combination of two indicators: the degree of employees’ involvement in the decision-making process and the prevailing orientation at the enterprise either towards achieving organizational results or towards ensuring employees’ satisfaction. The scientific novelty of the work is in the approach to solving the stated problem, namely, the creation of the authors’ typology of management styles (individual authoritarian, paternalistic, collective, communal), based on a combination of the degree of staff participation in making management decisions and target orientation towards business/relationships. The results obtained show that this methodology helps to reveal most efficiently the features of management at modern Russian enterprises. This methodology was used as a basis for the analyses of the aspects determining the nature of the leadership. There was revealed its relationship with various socio-economic factors. Long-term longitudinal studies conducted at Naberezhnye Chelny enterprises provided the authors of the article with empirical material, on the basis of which it was concluded that authoritarianism and paternalism were the most characteristic of the modern domestic managers’ style. The practical significance of the study is in the possibility of applying its results at enterprises in various sectors of the economy. The proposed classification of management styles can be used as a methodological toolkit in studying the effectiveness of management work at different organizations, as well as in the process of training, retraining and advanced training of personnel.

Small Medium Industries’ Non-Technical Skills Preferences in FacingIndustry Revolution 4.0: AFuzzy Delphi Technique

Small and Medium Enterprise (SME) sector plays a crucial role in boosting the country's economy. Despite their potentially small size, their impact on economic growth, job creation, and local community development is highly significant. However, SMEs often face challenges related to a lack of non-technical skills among their workforce.This study not only enhances SME’s opperational efficiency, it also enhanced the workforce readiness towards Industry 4.0.Employees who posses strong non-technichal skills can adapt to new technologies and process more effectively. Therefore, this study aims to determine the priority of non-technical skills for SMEs. The study employs a two-phase research design, consisting of (1) a Systematic Literature Review (SLR) and (2) the Fuzzy Delphi Method (FDM). In Phase 1, the researcher applies the PRISMA model as a guide to conducting an SLR on 129 articles identified through the Google Scholar database. The results of thesystematic literature review indicate the existence of 14 non-technical skills for SMEs in the context of Industry 4.0. The FDM is utilized to obtain expert consensus on these skills. Ten SME owners in the Batu Pahat area are selected as study participants. The FDM analysis reveals that the expert panel agrees that all the non-technical skills identified in previous studies are crucial for SMEs in Industry 4.0. Non-technical skills are prioritized for SMEs based on expert opinions. Creativity is identifiedas the highest-priority non-technical skill according to the SME owners' perspectives. The implications of this study serve as exposure and guidance for employers, employees, and the community regarding the importance of non-technical skills for SMEs in the current Industry 4.0 landscape.

The Influence of Digital Literacy and Relative Advantage on E-Commerce Adoption through Digital Training and Mentoring among MSMEs in Jakarta

The Micro, Small and Medium Enterprises (MSME) sector has an important role in driving the country's economic development. In order for MSMEs to remain competitive with the growth of digital technology, they must be able to adapt to digitalization. Utilizing an e-commerce platform can provide information about which products are selling best and which products are not selling well. This data can be used to make decisions about inventory management, marketing, and more. Only 13% of MSMEs that utilize technology use e-commerce. The adoption of digital e-commerce technology among MSMEs in Jakarta is still uneven. This research aims to determine the influence of digital literacy and relative benefits on the adoption of digital e-commerce technology for MSMEs in Jakarta with digital training and mentoring as mediating variables. This research method is causal quantitative by collecting data using an online questionnaire to 399 respondents. The analysis technique used in this research is Sem with the help of the Smart-PLS program. The research results show that digital literacy and relative benefits influence digital training and mentoring, but not the adoption of e-commerce platform technology. Meanwhile, digital training and mentoring influences the adoption of e-commerce platform technology. The mediation results show that digital training and mentoring play a full mediating role in the relationship between digital literacy and the relative benefits of adopting e-commerce platform technology.

The Impact of E-Commerce Platform Adoption Among MSME: A Literature Review

The spread of the COVID-19 pandemic has changed daily life greatly. As a result of the restrictions implemented during the spread of COVID-19, most transactions were undertaken online. All economic sectors, including the Micro, Small, and Medium Enterprises (MSME) sector, were affected by the new norms. At the beginning of the COVID-19 outbreak, online transactions were challenging to implement. Nevertheless, they are becoming easier and help entrepreneurs maintain consistent operations until the economic situation becomes stable. The MSME sector is crucial in comparison with other primary sectors in the acquisition of national income. This review article discusses the impact of the adoption of e-commerce platforms among MSME entrepreneurs based on three aspects of technology, organisation, and environment in a recovering economy after the spread of the COVID-19 pandemic. The three primary aspects of the technology, organisation, and environment (TOE) model are widely adopted in the study of e-commerce platform adoption. In the future, this study will continue with the methodology, findings, and discussion sections.

Questions of Research of Digitalization in Various Fields of Activity

The ability to implement strategic priorities of digital development and intensify the activities of various stakeholders (government, science, business, enterprises) in high-tech sectors are necessary conditions for the successful development of the country and solving economic problems. A key affiliation related to digitalization issues has been highlighted. Based on the analysis of scientific literature, those accents (availability of digital technologies, impact on managerial and institutional spheres, sectoral and territorial features, applied significance) on which researchers focus their attention, are identified. The directions are systematized depending on the digitalization of individual objects, including the necessary elements of digitalization.

Experiences of integrating social prescribing link workers into primary care in England: Bolting on, fitting in or belonging.

Following the 2019 NHS Long-Term Plan, link workers (LWs) have been employed across primary care in England to deliver social prescribing (SP). To understand and explain how the LW role is being implemented in primary care in England. Realist evaluation undertaken in England. Focused ethnographies around seven LWs from different parts of England. As part of this, we interviewed 61 patients and 93 professionals from healthcare and the voluntary, community and social enterprise (VCSE) sector. We reinterviewed 41 patients, seven LWs and a LW manager 9-12 months after their first interview. We developed four concepts around how LWs are integrated (or not) within primary care: Centralising or diffusing power; Forging an identity in general practice; Demonstrating effect; Building a facilitative infrastructure. These concepts informed the development of a programme theory around a continuum of integration of LWs into primary care - from being 'bolted on' to existing provision, without much consideration, to 'fitting in', shaping what is delivered to be accommodating, through to 'belonging', whereby they are accepted as a legitimate source of support, making a valued contribution to patients' broader well-being. SP was introduced into primary care to promote greater attention to the full range of factors affecting patients' health and well-being, beyond biomedicine. For that to happen, our analysis highlights the need for a whole system approach to defining, delivering and maintaining this new part of practice.

Mobile money, stockouts and informal microenterprise performance: evidence from sub-Saharan Africa

PurposeThe extensive use of mobile money (MM) has been widely recognized as a digital engine of socioeconomic development in sub-Saharan Africa (SSA). This paper aims to focus on the effects of MM use and stockouts on informal microenterprise performance and investigate whether MM use mitigates the relationship between stockouts and firm performance.Design/methodology/approachThis study utilizes firm-level data from the latest World Bank Informal Sector Enterprise Surveys across six SSA countries. We employ instrumental variable-adjusted and propensity score-weighted regressions to investigate the buffering effect of MM use.FindingsWe find a significantly positive effect of MM use and a significantly negative impact of stockouts on informal microenterprise performance. Importantly, we establish that MM use attenuates the negative impact of stockouts on firm performance. We further document that the attenuating effect of MM use is more profound for firms using MM for transactions with supply chain partners, located in communities with high MM use rates, and operating in the retail industry.Practical implicationsOur research generates important managerial and policy implications. Future policies should capitalize on MM to foster an effective financial ecosystem in which informal microenterprises can survive and grow, thereby deepening their contributions to sustainable development.Originality/valueWhereas the business benefits of MM among small, medium and large firms are well-documented, the role of MM use on informal microenterprise performance is less understood. This study fills the research gap in the literature by focusing on the influence of MM use on the relationships between informal microenterprise operations and performance.

Digital strategic collaborations in agriculture: a novel asset for local identity enhancement toward Agrifood 5.0

PurposeThe aim of this research is to elucidate the correlation between open innovation, digital strategies and networking in enhancing agricultural enterprises within the new perspective of Agrifood 5.0. As such, it contributes to making businesses more competitive, especially in the Italian agricultural sector, where small and medium-sized enterprises are highly fragmented. Numerous studies have asserted that the competitiveness of actors operating within a specific territory is closely linked to local identity and image enhancement. Agricultural organizations are undergoing a profound transformation, with technological assets emerging as catalysts for new synergies. Advanced technologies such as robotics, the Internet of Things (IoT) and automation (AI) are emerging as differentiating elements capable of further advancing the agricultural sector, transitioning it from Agrifood 4.0 to Agrifood 5.0. The empirical analysis of the research shows a positive correlation between a collaborative attitude and a propensity for innovation. Indeed, the data demonstrated that digital strategies and open innovation positively influence competitiveness in agricultural SMEs.Design/methodology/approachThe methodology employed in this study is mixed, incorporating both qualitative and quantitative approaches. The quantitative aspect involves analysis of the dataset from the Italian Statistical Institute (ISTAT) through logistic regression, while the qualitative component entails analysis of semi-structured interviews conducted with a sample of 174 agricultural cooperatives in southern Italian regions (Campania). This approach allows for a comprehensive understanding of the research topic, capturing both numerical trends and nuanced insights from interviews.FindingsAfter analyzing the data from the 7th General Census of Agriculture conducted by ISTAT, a clear understanding of the sector has emerged, revealing several potential research avenues. It is evident that innovation in the agricultural sector is often driven by the largest and best-capitalized production entities, primarily located in Italy. Conversely, smaller agricultural entities can benefit from networking as new technological assets act as catalysts for new synergies, innovation and competitiveness.Practical implicationsEnhancing the relational contribution within the network and humanizing a fragmented sector are crucial elements for promoting open innovation. Network structuring facilitates the transmission of managerial knowledge, contributing to an overall increase in the intellectual and relational capital of the agricultural sector. These factors, combined with open innovation, enhance the competitiveness of individual firms and elevate the brand of the entire sector, creating a conducive environment for transitioning toward Agrifood 5.0. This transition is characterized by increased interconnection, continuous innovation and overall prosperity. Specific studies on this topic are lacking in Italy, particularly in the southern regions. Therefore, this contribution focuses on investigating the Campania region.Originality/valueThe novelty of this study lies in its investigation of the relationship between agricultural enterprises and innovation in the context of enterprises networking strategies (i.e. associationism and/or cooperation), promoting competitiveness. The limitations of this study are related to the dimension of the sample selected and its relationship with other productive sectors.

MSME taxpayer compliance in Pekanbaru from the perspective of tax understanding, tax sanctions and tax socialization

The tax authorities in Indonesia continue to make extensive efforts to increase tax revenue, which is the main source of state revenue. This extensification focuses on increasing individual tax revenue, especially in the Micro, Small, and Medium Enterprises (MSMEs) sector. This study aims to analyze the effect of tax understanding, tax sanctions, and tax socialization on the level of taxpayer compliance of MSMEs in Pekanbaru. The study uses a quantitative method with the Structural Equation Model (SEM) approach. Data were obtained through an online questionnaire survey from MSME business actors in Pekanbaru City. A purposive sampling technique was used to select 32 respondents as research samples. The sample criteria include business actors domiciled in Pekanbaru who calculate and pay taxes independently and meet MSME criteria based on applicable regulations. The study results indicate that tax understanding and tax sanctions positively affect the level of taxpayer compliance of MSMEs in Pekanbaru. However, tax socialization does not show a significant effect on taxpayer compliance. This study provides insight into tax compliance patterns outside Java that can be considered when making regulations by the tax authorities in Indonesia.

Category Mapping of Emergency Supplies Classification Standard Based on BERT-TextCNN

In recent years, the escalation in emergency occurrences has underscored the pressing need for expedient responses in delivering essential supplies. Efficient integration and precise allocation of emergency resources under joint government–enterprise stockpiling models are pivotal for enhancing emergency response effectiveness and minimizing economic repercussions. However, current research predominantly focuses on contract coordination and cost-sharing within these joint reserve modes, overlooking significant discrepancies in emergency supply classification standards between government and enterprise sectors, as well as the asymmetry in cross-sectoral and cross-regional supply information. This oversight critically impedes the timeliness and accuracy of emergency supply responses. In practice, manual judgment has been used to match the same materials under differing classification standards between government and enterprise reserves. Still, this approach is inefficient and prone to high error rates. To mitigate these challenges, this study proposes a methodology leveraging the BERT pre-trained language model and TextCNN neural network to establish a robust mapping relationship between these classification criteria. The approach involves abstracting textual representations of both taxonomical classes, generating comparable sentence vectors via average pooling, and calculating cosine similarity scores to facilitate precise classification mapping. Illustrated with China’s Classification and Coding of Emergency Supplies standards and Global Product Classification standards, empirical validation on annotated data demonstrates the BERT-TextCNN model’s exceptional accuracy of 98.22%, surpassing other neural network methodologies such as BERT-CNN, BERT-RNN, BERT-BiLSTM, etc. This underscores the potential of advanced neural network techniques in enhancing emergency supply management across diverse sectors and regions.

The development of strategic industrial sectors of Ukraine in the context of national economic security: theoretical foundations

The article demonstrates the need to identify strategic sectors of industry for the social and economic development of the state, which allows focusing the attention and limited resources of the state on supporting the development of those sectors that ensure national economic security. Within the epistemological contextualism, the concept of "strategic sector" is defined. To classify an industry sector as strategic, proposed criteria are outlined based on objective, sustainable circumstances in the country's economy, and within the context of national economic security. The definition of "national economic security" is provided. The criteria for recognizing the strategic nature of an industrial sector within the context of national economic security are determined by operationalizing constructs derived from the proposed definition of a "strategic industrial sector". Quantitative indicators are proposed to quantitatively describe the degree (intensity) of the criterion for recognizing the strategic nature of an industrial sector within the context of national economic security. The development of the strategic sector of the industry in the context of national economic security is ensured by critical enterprises in the industry. To recognize enterprises in strategic industrial sectors as critical for the industry's development in the context of national economic security, a number of criteria have been proposed. The development of critical enterprises in the industry should be security-oriented in nature. Support and regulation of security-oriented development of enterprises in the strategic industrial complex of Ukraine, which are to include recognized strategically important industries based on proposed criteria for national economic security, should be carried out using a comprehensive mechanism of state regulation of the country's strategic industrial complex. An important element of the comprehensive mechanism of state regulation of the country's strategic industrial complex is the mechanism of state support, which is implemented through various tools distributed among the components of the mechanism.

Social enterprises and the Sustainable Development Goals (SDGs): a means to an end

AbstractGhana is regarded as one of the main nations driving social enterprise development in all of Africa, despite the lack of a policy for the social enterprise sub-sector. Regardless of these trailblazing initiatives, the sub-sector is still young and vulnerable. As a result, the time is right for the government to implement policy reforms to expedite the growth of the sub-sector, which offers an alternative business model for the achievement of the social and environmental goals embodied in the global goals. All nations are urged to take immediate action in response to the United Nations’ (UN) Sustainable Development Goals (SDGs), which offer a global framework for achieving global development while balancing social, economic, and environmental sustainability. The methodology adopted is qualitative in nature, whereby focus group discussions were held, bringing together key stakeholders from the social enterprise sector, industry, academia, and civil society organisations (CSOs) to provide insights into how social enterprises will contribute to SDG achievement. This paper aims to generate new insights into how social enterprises can provide a solution to the UN’s SDGs from the Ghanaian perspective. Our findings reveal a strong link between solving social problems through social businesses and achieving the SDGs, and that social enterprises represent an ideal business model for achieving the SDGs. Their mission-driven approach, innovative solutions, focus on empowerment and inclusion, utilisation of market mechanisms, collaboration and partnership, and understanding and knowledge of local contexts collectively position social enterprises as powerful catalysts for sustainable development.