Development Of SMEs Research Articles

Pelatihan Pembuatan Makanan Yōshoku Sebagai Ide Bisnis UMKM Kepada SML UMKM Centre

Training on Making Yōshoku Cuisine as SME Business Idea for SML UMKM Centre Community Service (PkM) is carried out with the aim of raising awareness and providing beneficial knowledge and skills to the community. This PkM activity is directed towards the SML UMKM Centre, a business development facility established by Sinar Mas Land. SML UMKM Centre provides various facilities to support the development of SMEs. In this PkM activity, the executing team will conduct training on making Yōshoku cuisine, a fusion of Japanese and Western flavours. The training aims to provide knowledge about Yōshoku food menus as ideas for starting SME food businesses for the SML UMKM Centre community, namely Alfredo Gyoza and Nanban Chicken Rice Bowl. The executing team will deliver detailed presentations on the foods to be made, including in-depth explanations of the recipes to be used and the stages of preparation. Organizing this training it is expected to provide an opportunity for participants to be creative in creating Yōshoku dishes as a new opportunity in the culinary business.

The Influence Of Accounting Knowledge, Socialization Of Accounting Standards, Education And Business Scale On The Quality Of Financial Statements (Study on SME in Bengkulu City)

The development of SME in Bengkulu City is increasing from year to year, but in running their business, SMEs rarely make financial statements in accordance with SAK EMKM, this is due to the low accounting knowledge and education possessed by SME. In addition, it is very rare for socialization about SAK EMKM by the government. Business size will also affect SME in improving the quality of financial statements. This study aims to determine the influence of accounting knowledge, socialization of accounting standards, education and business scale on the quality of financial statements in SME in Bengkulu City. Data collection was done by questionnaire and data analysis using multiple linear regression analysis and hypothesis test. The sample in this study was 88 SME in the city of Bengkulu. The results showed that accounting knowledge, socialization of accounting standards and business scale had a significant partial effect on the quality of financial statements because the quality of financial statements could be improved due to accounting knowledge from SME and socialization from the government about SAK EKM and business scale. However, the variable level of education does not have a significant effect on the quality of financial statements because high education does not guarantee that someone can produce quality financial statements, without high education, SME can find out about the quality of good financial statements through socialization and training

Examining interdependencies among solution dimensions for sustainable development in SMEs based on Industry 4.0 concept

PurposeIn the context of promoting sustainable development in SMEs, the present study aims to investigate the relationship among solution dimensions based on the Industry 4.0 (I4.0) concept.Design/methodology/approachThe study employs a comprehensive methodology that includes a systematic literature review, workshop, grounded theory and interpretive structural modeling. Various dimensions concerning I4.0 sustainability are tested and evaluated using a questionnaire design followed by hypothesis formulation. Further, grounded theory is used to extract the key solution dimensions that capture the essence of I4.0 implementation in SMEs. Finally, the solution dimensions for I4.0 sustainability are modeled using the ISM approach to understand the structural interdependencies among them, and Matrice d'Impacts Croisés Multiplication Applied to a Classification (MICMAC) analysis is done to understand the driving and dependence power among these dimensions.FindingsThe study identified 14 solution dimensions for the implementation of I4.0 in SMEs for sustainable development. Out of the 14 solution dimensions, human resource training programs (D4) appear at level 11, followed by top management commitment (D1), strategic collaborations (D3) and coordination among key stakeholders (D5) at level 2 in the hierarchical interpretive structural modeling (ISM) model. Also, these dimensions have an effect size of more than 0.50 which indicates a substantial correlation between the sustainability dimensions and Industry 4.0 implementation in SMEs.Originality/valueThe study contributes to the overall goal of fostering sustainability within the SME sector, which can pave the way for various stakeholders for the successful implementation of I4.0 sustainable solution dimensions.

The recapitalisation of universal banks and SME development in Ghana

The recapitalisation of universal banks and SME development in Ghana

The recapitalisation of universal banks and SME development in Ghana

The recapitalisation of universal banks and SME development in Ghana

Comparison analysis of pro-quality and pro-environmental approaches to products improving in SMEs from the Visegrad Group Countries

Purpose: The purpose of the research was to perform an in-depth comparative analysis of pro-quality and pro-environmental approaches to the products improvement in SMEs (belonging to the electrical machinery industry industry) from V4 countries. Design/methodology/approach: An in-depth comparative analysis of pro-quality and pro-environmental approaches to product improvement was carried out in SMEs from V4 countries. Based on previous research (survey research conducted from March to September 2023 including 379 SMEs from V4 countries), two benchmarks for these approaches were developed and further analysed. Statistical analyses were used, i.e. Box-and-whisker chart and Wilcoxon paired test in STATISTICA 13.3. on the level of significance p<0.05. Findings: It was shown that SME entrepreneurs from V4 countries have a relatively similar approach to the improvement of pro-quality and pro-environmental products. The pro-quality approach is more important than pro-environmental in case of product improvement. Practical implications: Research results can be the basis for defining more precise directions for the development of SMEs in V4 countries and increasing cooperation between consortium regions in the development of product production in line with the idea of sustainable development and current customer expectations. Social implications: The results can have a positive impact on public attitudes, mainly entrepreneurs from SMEs, but not only in making further efforts to improve the quality of products while reducing the negative impact on the environment. This behavior may contribute to increased customer satisfaction with purchased products, but also to the development of the economies of the V4 countries and to meeting the requirements of sustainable development. Originality/value: Originality of the research includes determining the current approach of SMEs in the electrical machinery industry in V4 countries to meeting customer expectations regarding product quality, while striving to achieve environmentally friendly products. Keywords: V4, Visegrad Group, product quality, environmental impact, sustainable development, SMEs, production engineering. Category of the paper: Research paper.

ГОСПОДДЕРЖКА РАЗВИТИЯ МАЛОГО И СРЕДНЕГО БИЗНЕСА (МСП) В ЭКОНОМИКЕ РОССИИ (О НЕКОТОРЫХ ПРОБЛЕМАХ И РЕЗУЛЬТАТАХ РЕАЛИЗАЦИИ НАЦИОНАЛЬНОГО ПРОЕКТА «МАЛОЕ И СРЕДНЕЕ ПРЕДПРИНИМАТЕЛЬСТВО И ПОДДЕРЖКА ИНДИВИДУАЛЬНОЙ ПРЕДПРИНИМАТЕЛЬСКОЙ ИНИЦИАТИВЫ»)

The purpose of the article is to analyze the policy of state support for the population and SMEs in the context of the transformation of Russian society and modernization of the economy. The relevance is explained by the fact that the five-year period of the National Project for the Development of SMEs 2.0 is ending. Active work is underway to summarize its results, remaining problems and create a new generation of state support programs within the framework of the National SME Development Project 3.0. The results of surveys of small and medium-sized businesses are analyzed, during which the problems of SMEs and bottlenecks in the implementation of their state support were identified. Proposals and developments to increase the effectiveness of the new national project were considered.

Sustainable development of SMEs during the COVID-19 pandemic: a comparative study between developed and developing countries

Sustainable development of SMEs during the COVID-19 pandemic: a comparative study between developed and developing countries

Sustainable development of SMEs during the COVID-19 pandemic: a comparative study between developed and developing countries

Sustainable development of SMEs during the COVID-19 pandemic: a comparative study between developed and developing countries

Achieving Digital Transformation: The Effect of Open Innovation Strategies at Different Stages of SME Development in an Emerging Market

Achieving Digital Transformation: The Effect of Open Innovation Strategies at Different Stages of SME Development in an Emerging Market

Implications of the Fourth Industrial Revolution on Small and Micro Enterprises’ Productivity in Mankweng Township

Purpose: The hegemony of SMEs in Mankweng Township has sparked the interest of researchers who aim to align them with the 4IR. The purpose of this study is to examine and provide constructive criticism on how the 4IR affects the productivity of SMEs. The argument is that SMEs in Mankweng Township are technologically lagging, resulting in low productivity. The research encompasses both positive and negative impacts of the 4IR on SMEs' productivity. The prevalence of SMEs in the area can be attributed to growth centres like the University of Limpopo, Mankweng Hospital, and Paledi Mall. These institutions attract students and employees, sustaining the local economy. Nonetheless, most SMEs in the Township are traditional and lack sophisticated technology. They are mainly located in South Africa's townships and rural regions, where they are easily accessible to the local communities. The growth of the 4IR has compelled these SMEs to adapt their conventional business practices to align with the rapidly changing technology.
 Design/Methodology/Approach: This study employed a quantitative approach to accomplish its objectives.
 Findings: The research findings demonstrate that some SMEs are currently underperforming, experiencing a decline in customers due to limited financial resources, human resources and a lack of advanced technology amongst others.
 Implications/Originality/Value: To address this issue, the study suggests that various stakeholders, including individuals, the private sector, and the government, should actively collaborate and provide concerted efforts and resources to support the growth and development of SMEs.

The Significance of Microfinance Establishments on The Growth of Small to Medium Enterprises in Zimbabwe

The study was conducted in the Midlands province of Zimbabwe, focusing on four towns: Kadoma, Kwekwe, Gweru, and Zvishavane. The study examines the establishment of microfinance institutions, which results in the growth of small to medium enterprises. Many SMEs in the Midlands province are finding it difficult to grow their business due to a lack of capital and the ability to access bank loans. The study aimed to determine the significance of microfinance establishments on the growth of small- to medium-sized enterprises in Zimbabwe. A descriptive research design was adopted. The study's sample size was 94 SME owners specialising in agriculture, mining, vending, groceries, beauty salons, auto repairs, transport services, and fast foods in the Midlands province. Data was analysed using Pearson correlation and simple linear regression. The study results showed a strong positive relationship between microfinance loans and Small to Medium Enterprise sales growth, as evidenced by a correlation coefficient 0.989. The results showed that microfinance loans positively affect the profitability of SMEs. The study also found that access to finance, competition, hyperinflation, and high taxes are the challenges affecting SMEs' firm size. The study shows several ways which can be done to improve the growth of SMEs, such as the extension of loan repayment tenure, review of lending policies, and lending SMEs higher packages for accomplishing their projects. The government should implement policies that find ways to reduce inflation, lower tax charges on SMEs, and draft policies that promote the development of SMEs in the country.

The Sustainability of Sharia MSMEs in the Halal Industry of Indonesia: Funding, Protection, and Sharia Principles

This study aimed to analyse the relationship between Islamic SME financing, sharia insurance protection, and the sustainability of Islamic SMEs in the East Java region, Indonesia, taking into account Sharia principles such as maisir, gharar, and riba. Within this framework, the importance of sharia-compliant financing for SMEs and asset protection as well as operations in accordance with sharia principles were emphasised as determinants of the sustainability of Islamic SMEs. This study employed a quantitative approach, sampling 244 respondents who were owners of Islamic SMEs in East Java, Indonesia. Data were collected through the Likert-scale questionnaire to measure respondents' perceptions of Islamic SME financing, sharia insurance protection, and the sustainability of Islamic SMEs. The results of data analysis were expected to reveal the relationship between financing, insurance protection, and the sustainability of Islamic SMEs, as well was identify the factors influencing this relationship. These included a better understanding of asset protection and operational aspects of Islamic SMEs and the importance of financing in line with sharia principles. This research integrated elements of financing, insurance protection, and the sustainability of Islamic SMEs within a strict sharia framework, which has not been previously widely explored. Therefore, this research contributes to knowledge in the field of Islamic economics and the development of Islamic SMEs.

Main Guidelines for the Change Strategy of SMEs in the Context of Industrialization 4.0

Industry 4.0 brings with it irreversible transformation processes hitherto unknown to the world. The need for business transformation becomes obvious. The introduction of new technologies changes all aspects of business activities: structure, systems, personnel, procedures and rules, goals and objectives, corporate culture, and relationships with other elements of business: suppliers, customers, and other stakeholders. Often it is a question of changing the business model, which fundamentally changes all the principles of the company's activity. In this context there is a serious question: what change strategy to apply for its successful implementation. How will this strategy differ from the usual understanding of strategy and what are the factors of its success? Therefore, the purpose of this study is to justify an approach to change strategy in the context of instability, dynamism and fragility associated with Industrialization 4.0. The hypothesis of the study is the assumption that strategy in the classical view can no longer produce such an effect and therefore the new digital strategy is fundamentally different from previous approaches. The methods of this study are: the analysis of concepts and synthesis of theories of change management and strategic management, also an empirical study was conducted to identify the peculiarities of change implementation in small and medium-sized enterprises in the Republic of Moldova, after which conclusions and recommendations were substantiated in the field of changing the approach to change strategy in these companies. As conclusions, the main directions of change strategy development for SMEs in the Republic of Moldova are discussed.

Impel or impede? Revealing the effect of the integration into innovation ecosystems on the development of SMEs

Through a survey of 305 manufacturing SMEs in China, this paper examines the influence of integrating into innovation ecosystems on the development of SMEs. The results show that: (1) There is an inverted U-shaped relationship between the integration into innovation ecosystems and the innovation capability of SMEs. Moreover, with the increase of the population richness of innovation ecosystem, the inverted U-shaped curve will become steeper and the curve vertex will move to the left. (2) The breadth of the integration into innovation ecosystems is positively correlated with the dynamic capability of SMEs, while the depth of the integration into innovation ecosystem is negatively correlated with the dynamic capability of SMEs. In addition, the population richness of innovation ecosystem will strengthen the positive effect of the integration breadth and weaken the negative effect of the integration depth. This paper not only deepens the academic understanding of the relationship between innovation ecosystems and enterprises, but also provides practical guidance for SMEs to achieve development via integrating into innovation ecosystems.

Tata Kelola Pembinaan di Lentera Tari Prodi Pendidikan Seni Pertunjukan FKIP Universitas Lambung Mangkurat

'Lentera Tari' is one of the UKM (Student Activity Units) which is part of the 'Lentera Seni Performing' and is under the management of the Student Association (Hima) of Performing Arts Education FKIP, Lambung Mangkurat University. UKM which is owned by the Performing Arts Education Study Program FKIP ULM was formed as an effort to develop the potential of student specialization. The research method used is qualitative to capture existing phenomena and describe them concretely. This SME development system uses a governance approach from George R. Terry, who suggests the basic function of governance as a dynamic process which includes planning, organizing, actuating, monitoring or evaluation functions. In the management of 'Lentera Tari', the results obtained include: 1) the planning process in the weekly, semi-annual and incidental coaching agenda; 2) in organizing in the form of division of jobdesk fields and responsibilities of each; 3) in the process of movement in the form of the travel process of all members of the 'Lentera Tari' in coaching activities, coordination of performances and all work programs that have been planned and determined together; 4) at the monitoring stage is through evaluation for the members of the 'Lentera Tari' after each routine training material is finished, both knowledge of the text and context, with the aim of knowing the absorption of coaching, then evaluating to discuss the obstacles encountered during the coaching process, in order to strive for activities in accordance with predetermined plan.

Models and Strategies for Digital SMEs Development in Ambon City

The research entitled "Digital SMEs Development Models And Strategies In Ambon City" is an interesting thing to research, relating to the important role of SMEs in the Indonesian economy. This is proven by various research results which say that SMEs are a type of business that can withstand the shocks of the economic crisis. On the other hand, the Ministry of Industry launched a strategy for making SMEs in the era of technology 4.0 to empower SMEs that are competitive at local, national and international levels. The quarterly rate of economic development reached 2.06 percent (q-to-q), while y-on-y grew 5.73 percent and annually or cumulatively reached 15.11 percent (c-on-c). Based on the 2016 Economic Census, the number of SMEs in Maluku Province was 147,000 or 99.15%, with labor absorption of 0.35 million people or 87.75%. (BPS: Economic Census, 2016). This shows that SMEs have a strategic role in absorbing labor. In line with this, the development of digital SMEs is important for adopting communication and information technology innovations in the business world, in order to increase competitiveness and manage resources efficiently. The reality of the role of SMEs in the business world by adopting technological innovation needs to be explored in this research, so the objectives of this research are as follows: (1) Building an ideal model for using digital technology in the 4.0 era for SMEs in Ambon City

OPINIONS OF OWNERS AND MANAGERS ON THE BUSINESS RISKS OF SMES SUSTAINABILITY: DOES GENDER MATTER?

The aim of the article is the quantification of the effect size of business risks in the context of small and medium-sized enterprises’ (SMEs) sustainability according to gender. Data collection was carried out in the period 12/2022–01/2023 using the CAWI methodology. 1,090 owners and managers from the business environment of the SME segment participated in the research in the Visegrad group countries. Structural equation modelling (SEM) was implemented on the evaluation of the hypotheses of research. The statistical software IBM SPSS Statistics and AMOS vs. 28 were used in the data analytics. The management of business risks, just like market, financial and personnel risks, has a strong positive impact on the sustainable development of SMEs. Personnel risk management is the most important determinant which has a strong positive impact on the sustainable development of SMEs with male entrepreneurs. Financial risk management has a medium positive effect on the sustainable development of SMEs for female entrepreneurs. The research findings illustrate the important role for key individuals in national development and for strategic documents dealing with how to help the SME segment.

Technological innovation in Small and Medium Enterprises: A bibliometric analysis

Purpose: The objective of this study is to find out the development of SMEs in the digital era. Research Methodology: The authors used the Scopus database and searched for articles containing keywords such as "technolog* innovation" AND smes OR "small and medium enterprises." The data were obtained from 1990 to 2023, with a total of 408 documents consisting of 295 articles, 20 book chapters, 67 conference papers, 8 conference reviews, 1 erratum, 1 note, 5 retracted documents, and 11 review documents. Results: The study found that the development of publications on technological innovation in SMEs experienced fluctuations, but tended to increase. The most productive source and the most impactful author were IEEE Transactions on Engineering and Management, and the majority of publications were conducted in collaboration with fellow authors from the same country. The most cited country was the United Kingdom, followed by Singapore and the United States. The topic that appeared most often in publications was related to technological innovation. Contributions: This study highlights the importance of technological innovation in SMEs and its impact on the economy.

EVALUATION OF THE USE OF SUPPORT FINANCED IN SMALL AND MEDIUM SIZED ENTERPRISES UNDER THE SAPARD PROGRAM FOR AGRICULTURAL PROCESSING AND THE REGIONAL OPERATIONAL PROGRAM IN THE WARMIŃSKO-MAZURSKIE VOIVODESHIP

The aim of the article is to present the essence and assessment of the use of financial assistance for the SME sector from the SAPARD Program and the Regional Operational Program 2014-2020 in the Warmian-Masurian Voivodeship. The subject of the research was the assessment of EU subsidies as a source of enterprise financing. Their aim was to assess the strengths and weaknesses, opportunities and threats resulting from obtaining funds from the ROP for the development of SMEs in the Warmian-Masurian Voivodeship. SWOT analysis was used to achieve the research objective. The research was carried out using the interview method, in which the research tool was a standardized survey questionnaire. They were implemented among the beneficiaries of the Regional Operational Program of Warmia and Mazury for 2014-2020. In addition, classic methods and techniques developed in legal sciences were used. The basic method of research in this sphere was the formal dogmatic method. In addition, the source of data was information obtained from the Agency for Restructuring and Modernization of Agriculture. The SAPARD program gave processing plants in the Warmian-Masurian Voivodeship the opportunity to become familiar with the new support rules used in the EU structural funds. Projects implemented by the SME sector in the Warmian-Masurian Voivodeship have brought tangible benefits in terms of adapting quality and sanitary standards of agricultural processing production to EU requirements. In the case of the Regional Operational Program 2014-2020, the availability of EU funds in the Warmia and Mazury region was assessed by the respondents as insufficient. Due to the completed financial perspective 2014-2020 of the Regional Operational Program of Warmia and Mazury, the possibility of obtaining EU funds has decreased, which significantly limits the development of SME sector enterprises.