SMEs In Industry Research Articles

A multidimensional approach in examining the role of self-efficacy on innovative work behavior: Evidence from the creative industry

Innovative work behavior is a significant factor for business success, including in the creative industry. This paper aims to explore the effect of self-efficacy on the innovative work behavior of employees in the creative industry sector. This study uses a quantitative research approach. It was conducted on small and medium enterprises in the creative industry sector in Labuhanbatu and South Labuhanbatu regencies, Indonesia. The participants in this study were employees and managers in the creative industry. The sampling technique is non-probability sampling. A total of 250 questionnaires were distributed, and 216 questionnaires were returned. Therefore, the samples in this study were 216 respondents. After the data were collected, they were processed by the Structural Equation Modeling (SEM) method, which uses a multidimensional approach to testing the hypothesis. The results revealed that innovative work behavior was influenced by self-efficacy. Based on the results of the multidimensional analysis, it was shown that the most influential dimension in measuring innovative work behavior was the idea champion. In addition, the strength dimension dominantly influenced self-efficacy as the most influential dimension. The originality/value of this paper is that the analysis using multidimensional analysis shows that self-efficacy can predict innovative work behavior. The SMEs in the creative industry are suggested to give support to enhance their capability to improve employee self-efficacy and innovative work behavior.

Fostering Innovative Work Behaviour in SMEs Exploring Ecopreneurship Perspective

The research analyzes the mediational impact of creative self-efficacy through which Ecopreneurship impacts the behaviors of employees at work. The discretion behind the research is founded on using Bandura's social learning theory and a mediation model is presented to show the innovative effects of Ecopreneurship on employees’ Innovative Work Behavior (IWB) through the mediation of creative self-efficacy (CSE). The present research focuses on Innovation by developing a model that seeks to investigate the association among Ecopreneurship and Innovation Work Behavior in industrial SMEs of Pakistan for promoting the economic strength of the country. A framework has been developed comprising Creative Self-Efficacy as input. It is believed that unless SMEs emphasize Innovative Work Behavior, it is difficult to compete efficiently and gain higher economic returns. The nature of SME organizations is very dynamic, thus, particularly need to be innovative & creative to lead, nurture and compete in the industry. A questionnaire method has been used to collect the data; the unit of analysis is permanent workers from the industrial setups of SMEs in Pakistan. SPSS and AMOS have been used to analyze the data. The outcomes of the results show that Ecopreneurship stimuli Innovative Work Behavior via the mediation of CSE.

Strategic management accounting in Bulgarian manufacturing SMEs

Analyzing the strategic aspects of managerial accounting in the context of reporting in industrial SMEs is a critical management issue. This paper aims to present the main results of an empirical study on this topic among some SMEs from the knitwear industry in the southern part of Bulgaria. Analytical and synthesis methods, descriptive statistics, and comparison techniques are used for this study. All the companies studied have been on the market for more than ten years and have experienced and well-trained managers and other characteristics that imply the availability of managerial reporting/accounting and the application of adapted models for strategic planning in SMEs. The analysis is intended to draw basic conclusions about the application of strategic management accounting in SMEs. In addition, the authors’ broader intention is to propose ideas for improving the strategic management reporting techniques that could be useful for management, especially in cases where strategic planning has been implemented. The authors find that the owners or managers of SMEs in Bulgaria are not aware of some features of management accounting that could be useful for their business, especially for strategic planning. It is believed that the range of services offered by external accounting organizations limits the level and thus the role of management accounting information for strategic management. Observations show that some models and techniques that could be good indicators of high risk of business failure are not applied because of the limited information base.

EFEKTIFITAS PELATIHAN PENGUSAHA UMKM BIDANG MAKANAN DAN MINUMAN DI KOTA DUMAI

Micro, small and medium enterprises (MSMEs) in the processed food and beverage sector increasing rapidly in Dumai has inadequate standards for consumers. So that the Dumai City Cooperative and SME Industry Service carries out coaching. The purpose of this study was to determine the training provided to MSME actors and to determine the effectiveness of the training that had been carried out by the Dumai City Cooperative and SME Industry Service. The type of research used is field research with a qualitative descriptive approach. Data collection techniques used in this study are interviews and documentation. The results of the study concluded that the MSME entrepreneur training carried out by the Dumai City Industry, Cooperatives and SMEs Service was through training such as packaging, socialization such as seminars, briefings such as business management, capital and business licensing, as well as providing MSME opportunities to be able to participate in exhibitions in every event. events held in Dumai City and outside the city. Meanwhile, the effectiveness of fostering micro, small and medium enterprises by the Department of Industry, Cooperatives and SMEs of Dumai City to 8 micro, small and medium enterprises has been effective

Pengaruh Entrepreneurial Marketing Terhadap Marketing Performance Yang Dimediasi Oleh Marketing Assistant

This research was conducted on the garment manufacturing industry in Sukabumi, West Java during the COVID-19 pandemic. The purpose of this study was to examine the effect of Entrepreneurial Marketing (EM) on Marketing Performance (MP) with Marketing Assiatant (MA) as a mediation variable. The data in the study consisted of 235 populations with 149 samples. Data analysis in this study used quantitative methods with the SmartPLS 3.2.9 test tool. MA is government assistance help to maintain the sustainability of the SMEs industries, considering that this sector is also a social safety net.

Disruptive Innovation in the Context of Retailing: Digital Trends and the Internationalization of the Yiwu Commodity Market

The prevalence of disruptive innovation practices, enabled by the advancement of digital technologies, has greatly changed the way SMEs innovate and the competitive landscape of today’s retail industry. This study seeks to understand how disruptive innovation has been adopted for the purpose of internationalization across retailing SMEs in Yiwu’s Commodity Market. To answer the research questions, the approach used in this study utilized a qualitative research approach in combination with semi-structured interviews. In this way, the chronology of several phases of Yiwu’s Commodity Market’s development into a global market center is presented, based on analysis of the data. The findings of this study provide an insight into how to facilitate disruptive paths to achieve the internationalization of SMEs through dynamism of the market, strategy positioning, and capability construction. This study contributes to literature on disruptive innovation by providing and testing a model of internationalization mechanisms that SMEs can use to coordinate digital disruptive innovation-related activities. The study also provides insights for policymakers and SMEs in the retail industry about the importance of digital technologies for motivating potential entrepreneurs to pursue new ventures.

Prompting green product and process innovation: examining the effects of green transformational leadership and dynamic capabilities

ABSTRACT The purpose of this study is to examine the role of green transformational leadership (TL) that influences green product and process innovation. More specifically, drawing together from leadership and capability-based view, the present study views green dynamic capabilities (GDCs) as an important underlying mediating mechanism through which green TL prompts green innovation. It also examines the moderating role of environmental dynamism between green TL and GDCs. Data were collected from manufacturing SMEs using the convenience sampling technique at two points in time. PLS-SEM was utilised to perform the analysis. The results demonstrate that green TL has a significant direct and positive association with green product and process innovation. The results also show a positive effect of green TL on GDCs, and GDCs in turn promote green innovation. Furthermore, these findings suggest that environmental dynamism plays moderating role in the relationship between green TL and GDCs, which implies that green TL is more effective in determining GDCs under high environmental dynamism. The study contributes to theoretical and practical knowledge by elucidating the relationships among green TL and green product and process innovation, underscoring areas of managerial development that can affect sustainable product and process innovation, specifically in manufacturing SMEs industry.

Challenges Encountered by SMEs in Tourism Industry: A review from 2017 to 2021

The tourism industry worldwide has decreased because of restrictions on the entry of tourists due to the pandemic of Covid19. This study explores the challenges SMEs face through this pandemic through literature studies. The systematic literature review (SLR) method was used to examine and analyses all extant research articles published in Google Scholar from 2017 to 2021. Articles analysed by the keywords: SMEs, Challenge, and Tourism. Based on the findings, the challenges faced by SMEs can be categorised into internal and external factors that may influence SMEs, especially in the tourism industry, which includes the food industry.

Vulnerability of Small and Medium-Sized Manufacturing Workers in Gyeongnam

이 논문은 취약성이라는 개념을 통해 경남지역의 중소 제조업에서 일하는 노동자들의 실태를 파악하고 취약성에 영향을 주는 요인들을 살펴본다. 취약노동자란 ‘신체적, 생계적인 측면에서 위험이 높은 환경에서 일하면서도 그러한 상황으로부터 대응할 역량과 권리에의 접근이 부족한 노동자들’로 정의할 수 있다. 이러한 정의는 취약성을 미래 시점에 발생할 수 있는 위험과 연관지으며, 이 위험을 야기하는 요인으로 저임금, 사회보장제도에 대한 약한 접근성, 권력관계에서의 취약성을 포함시키고 있다. 이 글은 이러한 개념적 정의를 가지고 경남지역 중소 제조업 노동자들의 취약성의 실태와 특징을 분석하였다. 분석의 주요 결과는 다음과 같다. 첫째, 경남지역 중소 제조업 노동자들은 평균 237만 원의 임금을 받고 있어 안정적인 생계를 유지하기 어려운 위험에 직면해 있다. 둘째, 인적 속성의 측면에서 가장 불리한 위치에 처한 집단은 청년 노동자와 중년 여성 노동자들이라 할 수 있는데, 이들의 상황에 대한 대응은 청년 노동자들의 경우 이탈로 중년 여성 노동자들의 경우 순응으로 나타나고 있다. 마지막으로 중소 제조업에서 기업별 단위의 노동조합은 조직되고 유지되기가 매우 어렵고, 설령 노조가 설립된다 하더라도 위험 대응 역량을 발휘하기에는 제한적이다. 이러한 분석 결과를 고려하면 중소 제조업 노동자들의 취약성 극복을 위해서는 만성적인 저임금 구조를 개선하는 한편, 중소 제조업 노동자들의 이해를 대표할 수 있는 효과적인 노동조합 구조를 형성해야 할 것이다. 인구학적으로는 가장 불리한 위치에 처한 중년 여성 노동자들에 대한 실태 파악과 개선 과제를 도출할 필요가 있으며, 청년들의 지방 제조업 탈피 경향을 막기 위한 일자리 질의 개선이 요구된다.This paper examines the actual conditions of workers working in small and medium-sized enterprises (hereafter, SMEs) in Gyeongnam region manufacturing industries through the concept of vulnerability and examines factors that affect vulnerability. Vulnerable workers can be defined as workers who work in environments with high physical and livelihood risks, but lack access to the capacity and rights to respond to such situations . This definition relates vulnerability to risks that may arise in the future, and includes low wages, weak access to social security systems, and vulnerability in power relations as risk factors. With this conceptual definition, I analyzed the actual condition and characteristics of vulnerability in Gyeongnam region SME manufacturing workers The main results of the analysis are as follows. First, with average monthly wages amounting to 2.37 million won, Gyeongnam region SME manufacturing workers face risks endangering the maintenance of a stable livelihood. Second, analysis by personal attributes showed the most disadvantaged groups were youth and middle-aged women workers. Their response to this situation was ‘exit’ in the case of young workers and ‘accommodation’ in the case of middle-aged women workers. Finally, in manufacturing industry SMEs, it is very difficult to organize and maintain an enterprise-level labor union, and even when a union was established, its ability to counter risks was limited. In light of this analysis, in order to overcome SME manufacturing workers vulnerability, it is necessary to address the chronic low-wage structure and form an effective union structure that can represent the interests of SME manufacturing workers. It is necessary to gain a more granular picture of the actual situation of middle-aged women workers who occupy the most disadvantageous position demographically and use this to identify tasks toward improvement, and to better the quality of jobs so as to forestall the trend of youth exodus from the region’s manufacturing industry.

SMEs’ Internationalization Strategy in Export Creative Industry: Case Study from Kendang Djembe Creators at Blitar, East Java, Indonesia

This study aims to: (a) describe the internationalization strategy of SMEs in the export-oriented creative industry of Kendang Djembe, Blitar, (b) identify the strengths, weaknesses, opportunities and threaths of the internationalization process of the export-oriented creative industries of SMEs, especially in the Kendang Djembe industry in Blitar, East Java. Indonesia. The approach used in this study is a SWOT analysis with an internal-external matrix (IFAS & EFAS) to 4 SMEs, which are 10 key informants of exportir Kendang Djembe in Blitar. The results show that Kendang Djembe Creative Industry SMEs in Blitar have good strengths and opportunities in improving their international processes. Based on internal and external factors, these SMEs are in a growth position (in caution condition). Thus, the suitable internationalization strategy to be developed are the SO, ST, WO and WT strategy, that are: adding online marketing networks (or other collectors), diversifying products beyond the main product, optimizing the role of associations related to product delivery cooperation, improving technology skills through training or independently learning and lobbying the government regarding the ease of export policies conditions.

Service Innovations, Knowledge Management, Advance Technology and Organizational Performances

The purpose of this paper is to examine the impacts of knowledge management and advance technology on organization performance through service innovation. A survey of 268 SMEs in the service industry was conducted. Partial least squares of structural equation modelling (PLS-SEM) was used to test the mediation role of the service innovation on the relationships between knowledge management, advance technology and the organizational performance. The results showed there were links between knowledge management and organizational performance. In addition, it was discovered that service innovation mediated the relationship between the knowledge management and cost and financial performance, and between advance technology and cost and financial performance. The paper shows a way forward of how to measures organisational performance in such a way that they are led from the development of innovation capability generated through knowledge management and the advance technology in the service industry.

Presenting a model of cloud business intelligence in industrial SMEs: Meta-synthesis and interpretive structural modelling approaches

ABSTRACT One of the essential tools for predicting the business environment and analysis and timely and low-cost decisions for SMEs is cloud business intelligence. This research paper aims to present a model of cloud business intelligence for SMEs.In the current study, the Meta-synthesis method has been utilised to identify the fundamental categories of cloud business intelligence. The model is presented by exploiting the interpretive structural modelling. In this regard, the data analysis process has been performed by MATLAB and MicMac software. Consequently, presented Six main factors; 24 sub-factors were obtained from the extracted parameters of relevant researches scripts. It is evident that ‘Drivers’ is the most influential variable of the model. They then used SWARA to rank the sub-Factors.

Risk factors of sociodemographic and work environment that related to musculoskeletal symptoms among SME workers in Vietnam

According the limited resources and capacity, SMEs are more prine to occupational hazards and risk. This research aimed to determine the socio-demographic and work environment risk factors related to musculoskeletal symptoms among SME workers in Vietnam, especially in the food processing and garment industries. The respondents were 530 SME workers 281 from the garment industry; 249 from the food processing industry). The instruments used were a self-devised questionnaires including lifestyle and work environment factors. The Standardized Nordic Questionnaire (SNQ) used to see the musculo-skeletal symptoms. The results showed 45.1% of respondents had chronic MSDs, and 40.2% had experienced acute MSDs. The socio-demographic factors, such as work status, shifts and trip duration to the workplace, significantly influenced the chronic and acute musculo-skeletal symptoms. The symptoms were also induced by work environment factors, especially noise, lighting, heat and humidity, handling loads more than 20 kg, mostly sitting on the floor or mostly standing while working and slippery floors in the workplace. It is crucial to improve the work environment and comply with the standard even SME industries, as well. Moreover, the work posture and load for manual handling need a correction to reduce musculo-skeletal symptoms.

Comparison of the Performances of MCDM Methods under Uncertainty: An Analysis on Bist SME Industry Index

MCDM is a sort of ranking and selection methodology widely used both in daily life and in disciplines such as social, science, health, informatics, and engineering. However, the selection of an appropriate MCDM method is a common and chronic problem of these disciplines. Because the issue of determining the most appropriate method among MCDM methods has not been clarified yet. Since the algorithms of more than a hundred MCDM methods currently that are in use are different, the ranking they produce or the "best alternative" often varies. Although all these methods claim to suggest the best alternative, it is unclear which method should be chosen for the decision maker. In fact, it can be said that input capabilities are focused more in the selection of MCDM methods. On the other hand, besides the potential capabilities of MCDM methods, the results they produce are also important in comparison. In this direction, MCDM-based financial performance measurement of companies was made in this study. The performance of WSA and FUCA methods was evaluated according to Spearman rho and entropy values. Accordingly, the method with the highest capacity is clearly FUCA, because this method showed a clearly higher performance in 10 of 12 problems/terms according to both criteria.

The effect of pandemic conditions on financial success rankings of BIST SME industrial companies: a different evaluation with the help of comparison of special capabilities of MOORA, MABAC and FUCA methods

Considering COVID-19 pandemic conditions from an MCDM perspective, the change in the ranking positions of the companies before and during the pandemic conditions has become more critical for many researchers and especially financial decision-makers. In this study, different from other studies, a new methodological procedure was followed. For the first time, an MCDM method was chosen among the alternatives with an objective point of view, and the application was continued. In other words, the final performance evaluation is based on the results of this chosen method. In the first step, the financial performance of companies traded in the BIST SME Industry, which is the application area of the study, was calculated with three different MCDM methods (MOORA, MABAC and FUCA). In the second step, the ranking correlations between the calculated financial performance scores and the stock return in the current period were compared with the Spearman method. Finally, in the third step, based on this indirect objective reference verification result (as it is the most appropriate and successful), the necessary financial analyzes were made with the FUCA method. According to the findings, the FUCA method correlated higher with the stock return before and during the pandemic than the other MCDM methods. According to these results, when a performance comparison is made between before and during pandemic conditions, three changes become prominent: the most successful companies, the companies' overall ranking, and the favourite sectors have entirely changed for the base periods. This innovative procedure has been proposed for the first time in the literature and has been successfully applied.

Paternalistic leadership, employee creativity, and retention: The role of psychological empowerment

Drawing upon the cognitive evaluation theory, this study examined the relationship among the three dimensions of paternalistic leadership, namely, authoritarianism, benevolence, and morality on both employee creativity and intention to stay. Data from 344 subordinates and 132 leaders/supervisors were collected from 32 SMEs in the manufacturing industry of Ghana. The findings of the study revealed that while authoritarian leadership has a negative relationship with creativity, benevolent leadership impacts positively on both creativity and intention to stay. No significant relationship was recorded between moral leadership and creativity, as well as authoritarian leadership and intention to stay. Moreover, psychological empowerment was found to mediate the relationship among benevolent leadership, creativity, and intention to stay, as well as between moral leadership and intention to stay. The study provides a fresh practical and theoretical perspective on the underlying mechanism pertaining to the relationship among paternalistic leadership, creativity, and intention to stay.

THE BEHAVIOURAL DIMENSION OF SME’S OWNER ON AFFECTING THE FINANCIAL DECISIONS

This research seeks the effect of behavioural and non-behavioural factors of SME’s owners and their business characteristic on the financing decisions. Moreover, this research categorized SMEs owners based on their behavioural aspects on establishing a behavioural mapping in SMEs industry. The sample of this research is the informal SMEs owners in Surakarta, Central Java, Indonesia. In investigating the relationship of the independent variable on financial decision making, this research employed the hierarchical linear multiple regression model (HLMR) and multiple logistic regression (LR). Furthermore, this research employed cluster analysis for building a behavioural mapping in SMEs industry. This study discovered a significant effect of behavioural aspects of SME’s owners on the financing decisions, which is, instead of having significant enforcement on the financing decisions, the non-behavioural aspects were more likely impacted on the SMEs owners’ investment decisions. The finding shows that there are three significant groups of SMEs owners in the Surakarta region. The result of this research gives key insights, mainly to the involved stakeholder to keep the sustainability of the SMEs industry.

ENTREPRENEURSHIP IN SPORTS INDUSTRY: DIRECTIONS, INNOVATIONS AND SUPPORT

Within the framework of this article, the authors analyze the following areas of entrepreneurial activity in sports industry: sports and health services, including fitness clubs, sports clubs, schools and academies; managing the competitions (leagues); corporate sports; media resources; bookmakers, e-sports. As part of the work, positive examples of entrepreneurship in sports industry were noted, as well as the role, interests and tasks of the state. The directions of innovative development within each of the identified blocks are considered separately. The authors also systematized support measures for development entrepreneurship (small and medium enterprises – SME) and identified its features for the sports industry. Following directions for further research are proposed: analysis of individual markets for entrepreneurship in the sports industry; development and testing of methods for assessing the effectiveness of support measures for SME in sports industry; development of professional training of entrepreneurs for the sports industry.

Forecasting blockchain adoption in supply chains based on machine learning: evidence from Palestinian food SMEs

PurposeThis paper seeks to discover whether the technical, organisational and technology acceptance model (TAM) factors will significantly affect the adoption of blockchain technology (ABT) amongst SMEs.Design/methodology/approachThe research employs structural equation modelling (SEM) and a machine learning approach to identify factors influencing the ABT behaviour that leaders can use to predict the prospect of the ABT in their enterprises. Information was collected from 255 respondents representing 166 SMEs in the food industry, Palestine.FindingsThe analyses reveal that the ABT is positively and significantly shaped by TAM factors: (1) perceived benefits and (2) perceived ease of using blockchain. Simultaneously, the former is significantly influenced by compatibility and upper management support, while the latter is affected by complexity. Finally, education and training affect both factors.Originality/valueThis paper is amongst the first attempts to examine the ABT behaviour in the food industry using the integration of SEM and machine learning approach.

The Presence of Foreign Capital and the Internationalization of Portuguese Industrial SMEs

The objective of this paper is to empirically examine the relationship between the firms’ ownership and control structure, in particular the presence of foreign capital, and their internationalization levels, measured in terms of intensity and diversification. The international performance of Portuguese SMEs, which is crucial for the domestic economy’s growth, depends on a multitude of factors, with the existence of foreign investment inflows directed to industrial SMEs being a usually forgotten factor. This paper fills that gap using a balanced panel data of 5722 firms for the period from 2010 to 2017, researching if the presence of foreign capital influences the level and scope of internationalization, and controlling the effects of other variables such as profitability, age, size, indebtedness and sector of activity. The origin of foreign capital is also considered, being researched if issues of institutional or development differences exert any influence over firms’ internationalization. The results evidence that the presence of foreign shareholders in SMEs positively influences internationalization and that the distance variable positively correlates with the internationalization measures. Moreover, there seems to exist a non-linear relationship between the development level of the country of origin of the share capital and internationalization, with the results indicating that firms with share capital originating from more advanced countries attain a higher degree of internationalization. As SMEs in Portugal face increasing competition, joining hands with resource-rich investors such as foreign corporations and institutional investors would be a fruitful strategy to enhance the international competitiveness of Portuguese firms.