Success Of SMEs Research Articles

Empowering Entrepreneurial Ecosystem: A Conceptual Paper on Exploring the Impact of Government Support on SMEs in Malaysia

SMEs continue to be a backbone for the development and growth of the economy in countries around the world. The success of SMEs depends on the effectiveness of EEs. One of the components of EEs that may contribute to the success of SMEs is government support. This paper proposes a conceptualization of the impact of government support (EE component), particularly on financial support and business support for SMEs in Selangor, Malaysia. This conceptual research provides important suggestions for researchers to assess the impact of government support on SME’s business performance and also offers valuable insight for policymakers and other stakeholders to effectively design the initiatives that could enhance the growth and development of SMEs.

The Impact of Strategic Leadership on the Advancement of SMEs in Rwanda

Small and medium-sized enterprises commonly referred to as SMEs are important in the 21st century research since they have stood out as the core players in ensuring economic growth, innovation and job creation in the 21st century's rapidly evolving global economy. The study was carried with the general aim of examining the impact of strategic leadership on the advancement of SMEs in Rwanda. The specific objectives of the study were: to examine the extent to which strategy formulation and planning influences the advancement of SMEs in Rwanda; to establish how strategic communication influences the advancement of SMEs in Rwanda; and to find out the influence of strategy evaluation of the advancement of SMEs in Rwanda. The study adopted a descriptive research design. A total of 500 headers of the SMEs in Kigali Rwanda classified as manufacturing, processing and service SMEs were chosen and a sample size of 150 used with a response rate from the questions used in data collection being 135 translating to 90% return rate. Results indicated that as the per the regression model, it is indicated that 25.8% (R2 =0.568) advancement on SMEs in Rwanda can be explained by a combined effect of the three variables of strategic leadership including strategic formulation/planning, strategic communication and strategic evaluations. This is clear indication of a strong predictive power of the independent variables of the dependent variable SMEs advancement. More narrowly, Strategy Formulation and Planning (B = 0.285, p < 0.001) significantly influenced SME development when controlling for a co-efficient of R2 =.306, suggesting that by optimizing their planning practices an increase in such operations is causally related to greater performance of SME. This factor explained 30.6% of the total variance in SME progression. SME Advancement was likewise influenced significantly by Strategic Communication (B = 0.337, p < 0.001) having the highest Beta borrowed value of 0.353 as summarized in Table 9. Better communication practices (defined as clear, consistent messaging and stakeholder engagement) explain 35.3% of the variation in SME growth and development. SME: Strategy Evaluation (B = 0.391, p < 0.001) had the highest effect in SME advancement with Beta value of 0.376 This means that being continually evaluated and corrected according to performance indicators are one of the significant factors in SME success. It was the most powerful predictor of SME advancement, explaining 37.6% of variance in SME advancement. When the hypotheses were tested, the conclusions were made that: H1: There is a significant relationship between strategy formulation and planning and the advancement of SMEs in Rwanda. Result: Accepted (B = 0.285, p < 0.001). Also, as per H2: There is a significant relationship between strategic communication and the advancement of SMEs in Rwanda. Result: Accepted (B = 0.337, p < 0.001). Finally, H3: There is a significant relationship between strategy evaluation and the advancement of SMEs in Rwanda. Result: Accepted (B = 0.391, p < 0.001). Based on these research findings, the study recommends that SMEs in Rwanda should invest in comprehensive strategy formulation processes, implement effective communication systems, continuously evaluate their strategic initiatives, and adopt innovative technologies to enhance their competitiveness and ensure sustainable growth in a rapidly evolving business environment.

The Impact of Green Entrepreneurial Orientation and Greenmarket Orientation on SME's Performance: The Role of Green Innovation

Protecting the environment has turned into a competitive market problem, affecting the success of small businesses. Much research has been done on the direct links between green entrepreneurial orientation, green market orientation, green innovation, and SME success. However, few studies look at the indirect links through the lens of green innovation. This study aims to find out if green market orientation and green entrepreneurial orientation impact the success of small and medium-sized businesses. PLS-SEM is used to test the theories quantitatively. Conversations with Batik SME business owners in Ponorogo City were used to gather data. Thirty people took part in this study. The results show that green market orientation and green entrepreneurial orientation have both direct and indirect effects on the success of small businesses. Green innovation also has a direct impact on the success of small and medium-sized enterprises, as well as affects green business orientation and green market orientation. Keywords: green entrepreneurial orientation, green market orientation, green innovation, SME performance

Live Streaming Adoption for Small Medium Businesses to Support the Achievement Of SDG’s

Objective: The objective of this research is to analyze emerging digital technology and their impact on SDG’s innovation and digital economy. SME’s participation in live streaming will be explored to understand the impact on SME’s SDG’s Theoretical Framework: Social cognitive theory (SCT) is used as a theoretical base. The SCT can explain why individuals want to learn to observe others in social media/online shopping, Method: The variables studied were Product Information Quality (PIQ), Streamers’ Information Quality (SIQ), trust, and impulse buying. A quantitative approach by survey questionnaire distribution was conducted. The population is anyone who has experience with live streaming in Indonesia. Purposive sampling is chosen, and 325 valid data have been gathered for analysis using PLS-SEM. Results and Discussion: Product and streamers Information Quality positively influence trust but PIQ and SIQ do not positively influence impulse buying. Trust fully mediates between PIQ and SIQ to impulse buying. This confirms the role of trust as perceived by customers, as SMES have not yet gained market awareness thus trust is crucial to lead the decision to buy. Research Implications: The success of SMEs in the digital economy will help them access the market more effectively and efficiently. SMEs’ success means increasing community welfare more evenly as well as a more sustainable environment is achieved due to SMEs’ sense of belonging to their homeland. Originality/Value: The originality is the structural model and the observation of the model to SMES in adopting live streaming. The PIQ and SIQ were analyzed in the context of SME’s offerings.

Succession planning practices and succession success in family-owned businesses: the role of leadership style as internal branding mechanism

PurposeAlthough leadership style plays a critical role in succession planning practices and succession success, empirical examination of its influence on the relationship between succession planning and success of succession in family-owned SMEs has received little attention in the literature. This study examines the interactive effect of the various types of leadership styles as internal branding mechanisms on the success of succession in family-owned SMEs.Design/methodology/approachWe analyzed the data from 124 managers/CEOs of family-owned SMEs that have at least transitioned beyond one incumbent leader using SPSS Version 29.FindingsThe result shows that succession planning practices are positively associated with succession success. It further shows that leaders who brand themselves as transformational and participatory leaders have a positive, significant interactive effect on the relationship between succession planning activities and succession success. The positive relationship between succession planning activities and succession success is dampened when managers rely too heavily on a transactional leadership style. Both autocratic and laissez-faire types of leadership have no significant interactive effect on the relationship.Originality/valueThe study is distinct from past studies. Until now, knowledge about the interactive effect of the various leadership styles as internal branding mechanisms on the relationship between succession planning practices like coaching, mentoring, job rotation and training and succession success in family-owned businesses remains limited. Theoretically, the study is pioneering in the sense that it is among the first studies that extends internal branding to succession planning in family-owned businesses. The study enlightened our understanding of how the various leadership styles and internal branding mechanism influence succession success in family-owned SMEs.

The impact of administrative efficiency on SME Growth and Sustainability

enterprises (SMEs). This review examines the relationship between efficient administrative processes and the long-term success of SMEs, emphasizing how streamlined operations, resource management, and decision-making can enhance business performance. SMEs often struggle with limited resources, resulting in operational bottlenecks and inefficiencies that hinder their capacity to scale and sustain growth. By improving administrative efficiency through the adoption of technology, organizational restructuring, and optimized processes, SMEs can achieve greater productivity, reduce costs, and make informed decisions that promote sustainability. The review employs a case study approach, analyzing SMEs across different sectors—manufacturing, retail, and services to demonstrate the tangible benefits of administrative efficiency. The research includes qualitative interviews, operational data analysis, and performance evaluations before and after implementing efficiency-enhancing measures. Key findings highlight improvements in areas such as time management, cost reduction, and customer satisfaction, all contributing to accelerated growth and competitive advantage. Additionally, the study explores how administrative efficiency supports sustainable practices, such as resource optimization and risk management, leading to long-term business viability. Despite these advantages, challenges such as resistance to change, lack of skilled personnel, and financial constraints pose barriers to achieving administrative efficiency in SMEs. The review concludes by offering practical recommendations for overcoming these challenges, including investing in digital tools, employee training, and organizational restructuring. Ultimately, the research underscores the importance of administrative efficiency as a critical factor for SME growth and sustainability, providing insights for policymakers, business owners, and managers aiming to enhance the operational performance of small businesses in a competitive market.

Logistics optimization and inventory control in Peruvian grocery companies

The company being analyzed, which specializes in selling groceries, faces significant challenges in its logistics management. Lack of supply chain visibility prevents informed inventory decisions, resulting in product overages or shortages. Supply chain delays affect profitability, and inaccurate demand planning generates additional costs and financial losses. This study, which is relevant to the Sustainable Development Goals, mainly in combating poverty through the economic success of SMEs, evaluates the effectiveness of logistics management in inventory control. The results show an increase in ending inventory by 105.12% and a decrease in inventory turnover by 29.29%, suggesting a strategic accumulation of stock. In addition, an improvement in the company's liquidity was observed, with an increase in total current assets by 107.66% and a financial restructuring oriented towards expansion projects. These findings underscore efficient logistics management's importance in optimizing resources and improving customer satisfaction. Future research should focus on the integration of advanced technologies and the implementation of sustainable financing strategies to further improve operational efficiency and profitability.

Entrepreneurial passion and professionalism on the success of SMEs in Plateau State, Nigeria

Entrepreneurial passion and professionalism on the success of SMEs in Plateau State, Nigeria

Competitive Strategy Orientation and Market Orientation for Product Innovative Success in Ethiopian SMEs

This empirical study aims into how market orientation and competitive strategy orientation affect the success of innovative products in small and medium-sized Ethiopian businesses. Small and medium-sized businesses are essential to economic growth, especially in developing nations like Ethiopia, where they are the main drivers of local development and the generation of jobs. However, these companies face significant challenges including scarce resources and volatile markets, necessitating the use of tactical approaches to preserve their competitiveness and foster growth. A mixed-methods approach was used in this cross-sectional study, with 396 respondents completing self-administered questionnaires for the quantitative data and semi-structured open-ended interviews for the qualitative data. The analysis was conducted using SPSS and the AMOS app. The findings show both an increase in competitive strategy orientation and market orientation results in an increase product inventive success, and also, an increase in product innovative success results in an increase in both market share and financial performance. The study also demonstrates the noteworthy and indirect positive relationships that market orientation and competitive strategy orientation have on market share and financial success. The outcomes showed how crucial these strategic orientations are to the capacity of Ethiopian SMEs to innovate, overcome challenges, preserve their competitiveness, and promote economic growth. The study emphasizes how important it is for Ethiopian SMEs to have a competitive strategy orientation that is in line with their market orientation in order to successfully innovate new products. Businesses can better respond to market needs and competitive pressures and promote innovation by utilizing insights from competitive analysis and market research, by offering insightful guidance on enhancing innovation and competitiveness in the Ethiopian context, as well as practical pointers for SME leaders and policymakers, this study fills a vacuum in the literature.

The Pengaruh Kompetensi Dan Pengetahuan Kewirausahaan Terhadap Keberhasilan Pelaku UMKM Binaan Dinas Koperasi Dan UKM Kabupaten Karawang Tahun 2023

This research was conducted to examine the influence of entrepreneurial competency and knowledge on the business success of MSMEs assisted by the Karawang Regency Cooperatives and SMEs Service. The issues discussed are 1) whether there is a relationship between competence and entrepreneurial knowledge. 2) Is there an influence between entrepreneurial competence and business success? 3) Is there an influence between entrepreneurial knowledge and business success? 4) Is there an influence between competency and entrepreneurial knowledge on business success? The data used in the research is primary data. The data analysis technique used was path analysis, with a sample of 399 MSMEs assisted by the Karawanf Regency Cooperatives and SMEs Service and the sampling method used in this research was simple random sampling. The results of this research show that there is a relationship between entrepreneurial competence and entrepreneurial knowledge with a low level of relationship, entrepreneurial competence influences the success of MSMEs assisted by the Karawang Regency Cooperatives and SMEs Service in 2023 by 2.81%, entrepreneurial knowledge influences the success of MSMEs assisted by the Cooperatives and SMEs Service Karawang Regency SMEs in 2023 amounted to 5.10% and entrepreneurial competence and knowledge influenced the success of SMEs assisted by the Karawang Regency Cooperatives and SMEs Service in 2023 amounted to 7.91%. Meanwhile, the remainder was influenced by other variables amounting to 92.09% (= 1 – 0.079) which were not studied (ԑ).

Unlocking sustainability: prioritizing barriers for SME success in India with AHP analysis

Unlocking sustainability: prioritizing barriers for SME success in India with AHP analysis

Entrepreneurial passion on the success of SME’s in Plateau State, Nigeria: The role of entrepreneurial skills

Purpose: The purpose of the study was to examine the extent to which entrepreneurial skills mediate the influences of entrepreneurial passion on the entrepreneurial success of SMEs in Plateau State, Nigeria. Research Methodology: The researchers self-administered 337 questionnaires to SME owners in the Jos North and South LGA of Plateau State, Nigeria, and obtained a response rate of 91.1%. Quantitative data were analyzed using PLS-SEM version 3.0. Results: Results showed that Entrepreneurial skills partially and fully mediated the influence of entrepreneurial passion on entrepreneurial success. Limitations: The study was limited to SME owners in the Jos North and South LGA of Plateau State, Nigeria. Contribution: This study contributes to the body of knowledge in entrepreneurship literature. It helps policymakers formulate holistic policies that will encourage entrepreneurship and skill acquisition, as well as enhance the socio-economic well-being of people via entrepreneurship. It also helps entrepreneurs, business owners, managers, and aspiring entrepreneurs learn and obtain the necessary skills, knowledge, and abilities to succeed.

Entrepreneurial passion on the success of SME’s in Plateau State, Nigeria: The role of entrepreneurial skills

Purpose: The purpose of the study was to examine the extent to which entrepreneurial skills mediate the influences of entrepreneurial passion on the entrepreneurial success of SMEs in Plateau State, Nigeria. Research Methodology: The researchers self-administered 337 questionnaires to SME owners in the Jos North and South LGA of Plateau State, Nigeria, and obtained a response rate of 91.1%. Quantitative data were analyzed using PLS-SEM version 3.0. Results: Results showed that Entrepreneurial skills partially and fully mediated the influence of entrepreneurial passion on entrepreneurial success. Limitations: The study was limited to SME owners in the Jos North and South LGA of Plateau State, Nigeria. Contribution: This study contributes to the body of knowledge in entrepreneurship literature. It helps policymakers formulate holistic policies that will encourage entrepreneurship and skill acquisition, as well as enhance the socio-economic well-being of people via entrepreneurship. It also helps entrepreneurs, business owners, managers, and aspiring entrepreneurs learn and obtain the necessary skills, knowledge, and abilities to succeed.

Investigating Leadership Competencies and Self-Efficacy in Bahrain’s Business Process and IT Consulting Firm: A Case Study for SME Success

This study emphasises the importance of leadership competencies and self-efficacy in Bahraini SME leaders as they navigate complex situations and market trends and lead their teams in meeting challenges to achieve maximum performance. The study investigates leaders' leadership competencies and self-efficacy in Bahrain's Business Process & IT Consulting organisations. By understanding these factors, the study can identify areas for development and propose initiatives to enhance the leadership skills of Bahraini SME executives, ultimately contributing to the success of their businesses. This study employed a qualitative approach to gather data from senior management within Bahrain's Business Process & IT Consulting organisation. Purposive sampling was used to select participants of various ages, social backgrounds, and experiences. The research design incorporated a combination of Action Research (AR), case studies, ethnography, and narrative analysis. This multi-method approach is a robust and well-established strategy for analysing qualitative data. An investigation into the consultancy organisation revealed a critical shortcoming in leadership competencies. The leadership team needs more competencies and self-efficacy to navigate the economic crisis challenges effectively. This deficiency, which is currently hindering their ability to develop a strong company reputation, is a crucial area that needs immediate attention. Addressing this will guide the organisation towards success in a competitive environment.

Pengaruh Modal, Karakteristik Wirausaha Dan Penggunaan Informasi Akuntansi Terhadap Keberhasilan UMKM Sektor Dagang Di Kabupaten Gianyar

The research aims to determine the influence of capital, entrepreneurial characteristics, and the use of accounting information on the success of SMEs in the trade sector in Gianyar Regency. The population in this research is the perpetrators or owners of micro, small and medium enterprises in the trade sector in Gianyar Regency, totaling 30,455 based on data from the Bali Province SMEs Cooperative Service in 2022. The sample was determined using the Slovin formula with 100 respondents. Data collection techniques by observation, interviews, documentation and questionnaires. Technique analysis data using multiple linear regression analysis analysis determination, partial significance test (t-test) and simultaneous significance test (F-test). Results analysis Shows that partially Capital, Entrepreneurial Characteristics, and Use of Accounting Information influence the Success of SMEs in the Trade Sector in Gianyar Regency. The results of the analysis also show that simultaneously Capital, Entrepreneurial Characteristics, and the Use of Accounting Information influence the Success of SMEs in the Trade Sector in Gianyar Regency.

A Virtual Platform Solution for Secure Sales Registration and Management in the retail sector

Background In today’s business environment, information security and availability are critical to the success of SMEs. This article presents research that addresses the challenges of security and availability of information in sales registration faced by SMEs worldwide. The main objective was to implement a virtual platform for the sales process in SMEs in San Vicente de Cañete, taking into consideration information security standards to preserve user data. Methods The development of the system was divided into five phases: Initiation, Planning, Implementation, Review and Launch. After implementation, an efficient sales process was achieved, guaranteeing the security and availability of information, and optimising management in an agile and secure manner. Results In addition, the virtual platform improves the purchasing experience by allowing the generation of reports and revenue management through a dashboard, promoting the use of information and communication technologies (ICT) in SMEs. Conclusions In conclusion, the research implemented a virtual platform for sales in SMEs, ensuring the security and availability of information. It improved management with reports and a control panel, encouraging the use of ICTs in these companies.

Contesting the public works domain: examining the factors affecting presence and success of SMES in public procurement

This study investigates the effects of procurement tools to support small and medium-sized enterprises (SMEs) in public contracts by analysing contract awards for public works published on Tenders Electronic Daily in 2018–2022. Focusing on dividing contracts into smaller lots, a key feature of the 2014 EU modernised procurement framework, this study’s findings reveal that splitting contracts might not necessarily attract SMEs to bid but increases their chances of winning such contracts. Other factors, such as using open and unrestricted bidding procedures and allowing SMEs to showcase their specialisation by awarding contracts based on the best price-quality ratio, positively affect the SMEs’ bidding. The findings of this study emphasise the importance of thoroughly considering individual contract characteristics and overall procurement settings to accommodate SMEs’ limited resource capacities and foster their performance in the public procurement marketplace.

Impact of Innovations on SME Performance in Ho Chi Minh City (Vietnam)

This study aims to refine the broad idea of innovation by focusing on four specific types: product innovation, organizational innovation, process innovation, and R&D. These four categories will be used to measure the extent of innovation. The statistical model is used to examine the association between such innovations and business performance. The model is based on a sample size of 7,788 enterprises, with data provided by the Vietnamese General Statistics Offices. The findings validate the presence of product innovation, organizational innovation, and R&D as factors influencing SME success. Among these factors, organizational innovation has the highest influence, followed by product innovation and R&D. The causal link between process innovation and SME performance remains unestablished, as SMEs, comprising 95% or more of the market, primarily allocate their investments towards organizational innovation, product or service innovation, and R&D. This discovery serves as a valuable point of reference for both businesses and policymakers. It highlights the importance of considering potential forms of support for SMEs in order to foster innovation and achieve success.

The Impact of Cloud Computing in Promoting Economic Growth through SMEs in the United States

Cloud Computing, being one of the most recent innovative developments of the IT world, has been instrumental not just to the success of SMEs but, through their productivity and innovative contribution to the economy, has even made a remarkable contribution to the economic growth of the United States. To this end, the study focuses on how cloud computing technology has impacted economic growth through SMEs in the United States. Relevant literature connected to the variables of interest in this study was reviewed, and secondary data was generated and utilized in the analysis section of this paper. The findings of this paper revealed that there have been meaningful contributions that the usage of virtualization has made in the commercial dealings of small firms in the United States, and this has also been reflected in the economic growth of the country. This paper further revealed that as important as cloud-based software is, some SMEs are still skeptical about how it can help improve their business and increase their bottom line and hence have failed to adopt it. Apart from the SMEs, some notable large firms in different industries, including information and educational services, have adopted cloud computing technology and hence contributed to the economic growth of the United States. Lastly, findings from our inferential statistics revealed that no discernible change has occurred in innovation between small and big businesses in the adoption of cloud computing. Both categories of businesses adopt cloud computing in the same way, and their contribution to the American economy has no significant difference in the usage of virtualization.

Budget management key to success in smes

Budget management key to success in smes