Small Medium Business Research Articles

Analysis of high frequency photovoltaic solar energy fluctuations

Characterizing short-term variability of generated solar power is important for the integration of photovoltaic (PV) systems into the electrical grid. Using different kinds of high frequency, in-situ observations of both irradiance and generated PV power, we quantify insights on temporal averaging effects on the highest observed peaks and ramp rates, which closely relate to grid stability. We use measurements obtained at three specific spatial scales; a single point pyranometer, two household PV systems and a PV system typical for small medium businesses. We show that the 15-minute time resolution typically used for grid calculations significantly underestimates key dynamics at high temporal resolutions, such as ramp rates and maximum power output, at the local grid level. We find that absolute power peaks in the order of seconds are up to 18% higher compared to a 15-minute resolution for irradiance and up to 22% higher for a household PV system. For the largest PV system, the increase is limited to 11%. Furthermore, we find that the highest peaks solely occur under mixed-cloud conditions. Additionally, we show that the time interval-dependency of the largest power ramps is similar for all systems under research, ranging from ~20% at a 5-second interval to stabilizing at 70–80% between 5 and 10 min, which we can explain based on meteorological arguments.

La finance méditerranéenne existe-elle ?

Cet article, plus politique qu'académique, repose sur trois convictions : d'abord que la finance méditerranéenne n'est pas homogène pas plus que la Méditerranée de l'est ; ensuite que l'essentiel des efforts en matière de finance méditerranéenne doit être consacré aux PME et aux TPE ; enfin que les institutions publiques internationales, de même que les banques locales, n'ont pas pris conscience (dans les faits au moins) du point précédent. Faut-il pour autant désespérer ? Bien sûr que non, mais à quatre conditions au moins : (1) reconnaître, affirmer et surtout promouvoir la complémentarité démographique et technologique entre le Sud et le Nord de la Méditerranée ; (2) cibler davantage les investissements publics et privés vers des secteurs et des zones géographiques jugés par tous les spécialistes comme prioritaires ; (3) multiplier les « passerelles financières » publiques et privées étant en mesure de financer les PME, notamment en fonds propres ; (4) dans toutes les politiques avoir toujours en tête de faire des pays du Sud de la Méditerranée une « tête de pont » pour financer les économies d'Afrique subsaharienne (et notamment les PME de ces pays) qui constituent, pour les années à venir, un fantastique relais de croissance pour la Méditerranée, mais aussi pour l'Europe tout entière. Classification JEL : O10, O16, O55.

The Adoption of Financial Accounting Standards for Small Medium Enterprises by Muslim Entrepreneurs

This study aims to discuss the adoption of financial reporting and accounting standards for small-medium enterprises (SMEs) by Muslim entrepreneurs. A structured questionnaire was used to collect quantitative data from the SME owners. 214 Muslim owners of SME businesses participated in the survey. The results show that only a few Muslim entrepreneurs prepared financial reports regularly. The main reason for preparing the statement is for calculating tax, borrowing money, and decision making. An unexpected finding from this study is that most of the Muslim owners are unaware of Standard for SMEs. Users of SME financial reports include tax authority, banks, and owners, or shareholders. This study enriches the financial reporting studies by examining the accounting standards for SMEs in a Muslim dominated country. The findings of this study also have implications for the Institute of Indonesia chartered accountants (IICA) as standard setter. IICA must routinely disseminate these standards to SMEs and also assist them in preparing financial reports

PENINGKATAN KOMPETENSI KOMUNITAS WANITA PEMILIK USAHA KECIL MENENGAH MELALUI WORKSHOP PUBLIC SPEAKING

Communication is an important aspect of life to interact with each other. Public speaking is one part of communication activities. Public Speaking, which used to be known as rhetoric, is now a major need for humans, because communication needs are becoming increasingly significant and crucial that penetrate into various aspects of life. Public speaking later became one of the disciplines of public communication. With the development of such public speaking as a public communication skill that must be possessed by anyone if they want to be successful in the economic, social, political and even cultural fields, because human communication on earth is almost 99% done verbally. Women Community Small Medium Business Owners are a group of women who are in one community to develop the potential of each individual. The output to be achieved is the increase in knowledge, skills and skills in communication in both formal and informal forums. Public speaking is not an easy task. Need good language skills. Fear and anxiety become a big problem, especially for beginners who have no experience in public speaking. This also happened to women community members who owned small and medium businesses in Rarang village, Terara sub-district, East Lombok Regency. Their language competence is inadequate. That is why Public Speaking training activities are held. This activity is expected to improve their language skills. By using the training method obtained satisfactory results. The enthusiasm and positive response of the participants showed that the training activities were indeed needed to increase the potential of the speaking ability of the community of women who owned small and medium businesses in Rarang Village. In addition, using this approach can certainly increase the participation of women in more formal public forums. Increasing the role of women will certainly also affect the capacity and capabilities of women in their involvement in public forums. Keywords: Communication, Public Speaking, Business Community, Woman DOI: https://doi.org/10.26905/nomosleca.v6i1.3959

THE CHALLENGES FOR SMALL MEDIUM ENTERPRISE (SME) IN THE COTTAGE INDUSTRIES

There were many reasons why challenges happened around the sellers of SME business. The main purpose of this study was to identify the challenges of small-medium enterprises in cottage industries in Kota Bharu. Based on this study, there were literally four challenges of cottage industries in the SME business. The challenges in this study were the growth challenges in human resources, lack of operation management, financial deficiencies and lack of market power. In this study, face to face interview session was conducted and focused on business owners to obtain more information on what challenges they faced while running a small-medium enterprise (SME) business. The thematic content analysis was used to analyse the interview data. The analyse data suggested themes reflect these challenges.

THE SURVIVAL OF SMALL AND MEDIUM BUSINESS

THE SURVIVAL OF SMALL AND MEDIUM BUSINESS

E-Business Innovation Model of Setiu Wetland Resources for Women Entrepreneurship Program

Setiu Wetland (SW) is located in Terengganu, Malaysia where it is enriched with vast variety of natural resources. Most SW rural women are doing small medium business with own special skills to help family in their living. They do have skills in utilizing SW resources but lack in proper marketing strategy for their business growth. The paper presents the results of Niche Research Grant Scheme (NRGS) project of UMT for improving the livelihood of Setiu Wetland (SW) rural women entrepreneurship skills through an e-business social innovation model. This project undertakes selected women respondents in giving assistance through the use of social media networking application in marketing of their local products, thus improving their financial stability. The results on income projection in pre and post implementation of the e-business model among SW women shows a significant improvement to their financial growth. It proves that the model has achieved the objective of improving the livelihood of Setiu Wetland (SW) women entrepreneurship program.

Managing technology in Macedonian SMEs context: perceptions, practices and challenges

Academicians and policy makers alike state that technology is the catalyst of growth for small medium businesses (SMEs). The review of past research reveals that the strategic upside of technology is the accomplishment of competitive advantage through their business strategies. The effective implementation of advanced technologies enables companies to achieve economies of scale and scope simultaneously. That is, investigating advanced technologies reduces the cost of future product innovation, allowing the company to increase its speed of response to market and competitive changes. Therefore, investment in advanced manufacturing technologies represents a strategic option. Despite the great importance of technology in small sized businesses, not many studies attempted to explore technology embraced by them, especially within the Macedonian context. The purpose of this paper is to gain an understanding of advanced technology knowledge and usage within the specific SME sector in the Republic of North Macedonia and to discover, if technology is used, whether it is seen as crucial to their competitive strategy. Moreover, the main research question is how advanced technology affects different aspects such as costs, sales and profitability, employee productivity, customer care, share of the e-market and competitiveness. Primary data were obtained through a questionnaire survey, carried out in small and medium sized businesses in the Republic of North Macedonia and evaluated using the tools of descriptive statistics and the methods of comparison, induction, deduction and synthesis. The research results indicate that advanced technology influences favorably the overall costs and also increases profitability. Likewise, the findings show that advanced technology leads to increase of productivity and sales. One of the conclusions of the paper is that small businesses find it important to invest in advanced technology in order to promote competitiveness.

MITIGATING FRAUDULENT RISKS: COMPANY CAPTAINS’ PERSPECTIVE

Complete document sets and availability ability tocapture business flow have been underestimated among small-medium business practitioners, affecting the bigger chance of unnecessary loss and increasing risks which prone to fraudulent acts both originally from internal and external parties. This research is equipped with interview transcript involving Mr. Daniel Ifianto, CEO (Chief Executive Operational) of CV. Mandiri Jaya Agro-business (MJA), and his wife as CFO (Chief FinancialOfficer, which main business activity is exporting paddy and corn seeds as respondents.). Second Entity, as the research object, is a CV. DCK which is an architecture and interior design company, Mr. DK.Research Method used is a qualitative study which isinvestigating monetary and operational fraud, errors, and omissionsoccurred both intentional and unintentionally related to the availability of complete documents and Standard Operating Procedure(SOP) application. The research finding shows that solutions were found through creating sets of document copies, authorizations, and document cycle movements concluding parties and people involved both internally and externally. The implication was fraud has been significantly reduced, and the owner feels that applying a complete set of documents andproper authorization has been useful for monitoring the organization itself before fraud happens.

THE IMPACT OF EVENT MARKETING ON BUILDING BRAND AWARENESS FOR FASHION CUSTOMERS

The growth of Small Medium and Enterprises (SMEs) business is one of the main keys to an economy’s vitality. SMEs are known to play a major role in creating wealth, given their place in the economy. As time goes by, numerous strategies have been done by the company to promote their products. One of the innovations that a company does to introduce the product and build awareness among the target market is through event marketing strategy. SMEs business can use this marketing strategy to increase their brand awareness. The purpose of this paper is twofold: to analyse the effect of event marketing strategy to brand awareness customer apparel industry in Bandung, and to give a design recommendation. The result shows that event marketing has a positive impact on brand awareness. Several important aspects from an event that customer wants are an innovative, integrated enterprise event. Event marketing should be well designed in order to make the memorable experience for the customer. This paper will be useful for marketers, business owners and in particular for other parties involved in fashion SMEs to understand the impact of event marketing and its importance on building brand awareness for fashion customers. Ultimately, once they can implement this event marketing strategy in their businesses, they are able to design the strategy of event marketing to build customers’ brand awareness.

The Implementation of Brand Element Strategic in Marketing Communication on Local Small-Medium Business in West Sumatra

In this study the authors want to provide an overview of the local small business brands that use brand strategy element in developing its business. This research has a focus of research on Kapuyuak brand which is a local brand originating from Bukittinggi West Sumatra. The thing studied is the attribute used by the Kapuyuak brand so that the public has a perception and become loyal to the brand. This study uses qualitative methods to obtain more in-depth information about the strategies used from Kapuyuak and its customers. The results show that Kapuyuak has the power to identify the value of the brand based on the insight of consumers and market insight. In communicating its brand Kapuyuak uses internet and social media in distributing its value.

KARAKTERISTIK PERJANJIAN JUAL BELI MEDIUM TERM NOTES

Capital Market is a part of financial market, besides money market which has essential role for national development, and specifically become funding alternative for small-medium business. Securities in Indonesia have been developing since 1980 after economic deregulation in financial field. This regulation brings some changes in Indonesia’s financial market development, in terms of securities as a result of financial market development. Capital market instrument can be divided into bonds and stocks/equities. In this research, the writer focuses the research on capital market instruments in the form of Medium Term Notes (MTN). Unlike bonds, there are no regulations that have been regulated until now about Medium Term Notes. So that in this research, the focus is to discuss legal issues, namely the legal relationship of the parties in the Medium Term Notes sale and purchase agreement and the form of legal protection for investors holding Medium Term Notes. This research uses normative research method because this research tries to review legal norms, examining all constitutions and regulations which related to views and doctrines in laws. And the writer's main objective in this research is was to analyze the legal construction of the Medium Term Notes sale and purchase agreement and analyze the form of legal protection against buyers of Medium Term Notes. From this research, it is expected to contribute ideas in the field of law, especially in capital market legal disciplines and used to prevent and resolve legal problems that will arise in connection with the Medium Term Notes. Hopefully this journal can bring benefits, adding broader insight to readers

Competency Model of Social Entrepreneurs

Social entrepreneurship is a potential alternative to address social problems but social business still needs to be strengthened to provide far-reaching impact. One strategy to flourish is benchmarking against successful social enterpreneurs because previous studies show that entrepreneur’s competence is a determinant of small-medium business performance and growth. Social entrepreneur competencies which drive social business success and how these competencies are developed, unfortunately have not clear yet. This study aims to build a competency model for social entrepreneurs and to find out pattern (in method, period, sources) for developing competencies by studying successful Indonesian social entrepreneurs. The reports on social entrepreneur competency model presented in this paper. This research adopt qualitative approach using multiple case study design. Data collected by indepth interviewing 29 informants, studying documents and conducting field observation in eight cities. Results show that successful social entrepreneurs have shared competencies which indicate existence of social entrepreneur competency model. The result of this study complements empirical studies in social entrepreneurs’ competencies by showing competencies that drive success of social business i.e: Achievement orientation, Persistence, Initiative, Courage to take opportunities, Networking, Influencing others, Team leadership, Developing others, Teamwork-Colaboration, Orientation to help and serve others, Mission orientation, Affiliate interest, Creative problem solving. The finding has direct implication on social entrepreneur education and development programs included method, materials, design and sources of development because the competencies determine the success constitute mostly of attitudes, motives and traits instead of knowledge and skills.

A Study on the Establishment of Smart Factory through the Environmental Factors and Absorption Capacity of Small and Medium Businesses

A Study on the Establishment of Smart Factory through the Environmental Factors and Absorption Capacity of Small and Medium Businesses

A Study on the Influence of Smart Factory Key Factors on Management Performance through Internal Environmental Factors in Small and Medium Businesses

A Study on the Influence of Smart Factory Key Factors on Management Performance through Internal Environmental Factors in Small and Medium Businesses

Determinant of small medium business funding decision in Batu city

This study aims to examine the relationship between determinant variables affecting SME funding decision in Batu City. The approach used is survey research on perpetrators of SMEs excellent products as respondents to test the causality of variables affecting the funding decision. The analysis technique used is multiple regressions. The research found that: (1) although SMEs can achieve profit and increase assets, SMEs in Batu City prioritize internal funding sources. (2) Higher business risk due to increased company size and leverage operations. The SMEs tend to use internal funding rather than debt. SMEs growth does not necessarily use debt. Most the production activities of SMEs in Batu City have reached full capacity.

PENGARUH PEMBIAYAAN USAHA MIKRO KECIL MENENGAH (UMKM) TERHADAP LABA OPERASIONAL PADA PT. BRI SYARIAH CABANG MEDAN

PT. BRI Syariah as a State-Owned Enterprise in the field of financial institutions, which owns the product of fund raising and fund distribution in the form of financing including the financing of Micro Small Medium Enterprises (UMKM). This study aims to determine and analyze the Influence of Micro Small Medium Business Financing (UMKM) Against Operating Profit At PT. BRI Syariah Branch Medan. Data collection techniques researchers do with field research (field research) is research directly to the company that became the object of research that aims to obtain the required data in connection with the material discussion. Data for the last 4 years, namely: (2011 - 2014) representing the population in this study. The method used is simple linear regression. The results showed that the financing can affect the profit, it is evident from the value of Fhitung shows the value of 133.097 and ftable obtained by 4.130 meaning is that the independent variable of UMKM financing together influence on the dependent variable that is operational profit. Based on the proposed hypothesis, the discussion obtained is the variable channeling of UMKM (X) has a positive and partially significant effect on the variable operating profit (Y).

THE UTILIZATION OF INFORMATION TECHNOLOGY AND COMMUNICATION AS A DISTRIBUTION CHANNEL IN INCREASING THE COMPETITIVENESSOF LOCAL BUSINESS IN TOURISM INDUSTRY (Case study: Homestay inUbud Village, Bali)

The priority of tourism development in Indonesia covers the development of home stay, digitization, and air connectivity. The purpose of this study is to explore the utilization of ICT in its relation to distribution channels used by home stay owners in Ubud as a form of small-medium business owned by local communities. Data collection techniques used were stratified random sampling, secondary research, focus group discussion and in-depth interview. Through qualitative descriptive analysis techniques, the results of this study concluded that most of home stays in Ubud is familiar with ICT and has now become a major distribution channel that contributes greatly to the occupancy of home stay.

PENGARUH FAKTOR LATAR BELAKANG PENDIDIKAN TERHADAP KUALITAS LAPORAN KEUANGAN MELALUI PENEGTAHUAN AKUNTANSI SEBAGAI VARIABEL INTERVENING

This study aims to provide empirical evidence that educational backgrounds affect the knowledge of accounting. As well as accounting knowledge affect the quality of financial statements. This study uses purposive sampling, where the sample is the owner of the existing SMALL MEDIUM ENTERPRISE business in the city of Surabaya. The questionnaire used in this study to collect data, and data in the analysis using Smart PLS (Partial Lease Square). The results of this study indicate the influence of educational background on accounting knowledge and the influence of accounting knowledge on the quality of financial statements. Based on the results of research and limitations of research that has been described above, it can suggest the following accounting knowledge for entrepreneurs SMALL MEDIUM ENTERPRISE very useful for the development and progress of business.
 DOI 10.5281/zenodo.1214926

Tanggapan Peserta terhadap Pelaksanaan Kegiatan Pelatihan Usaha Kecil Menengah Kota Padang di BPPD Provinsi Sumatera Barat

This research is motivated by the high participation and activeness of the trainees allegedly because of the positive response from the participants of small medium business training to the implementation of the training itself. This study aims to describe the training participants' responses to training materials, training methods, training media, and training instructors. This research is quantitative descriptive research. The population in the study as many as 100 people. Sample 40 people with stratified random sampling technique. Data collection techniques used questionnaires with data collection tools in the form of a list of statements. Data analysis techniques use percentage calculations. The results showed that the participants' responses were positive, as seen from the high percentage of results for the answers agreed and strongly agreed. The result of the research is that the training participants' responses to training materials, training methods, training media, and training instructors are positive. Research suggestions to training instructors, in order to maintain the performance of their training, training providers, in order to facilitate instructors in carrying out their future tasks, and as inputs for other researchers to examine other variables concerning training of small and medium enterprises.