scholarly journals The Role of Accounting Services and Impact on Small Medium Enterprises (SMEs) Performance in Manufacturing Sector from East Coast Region of Malaysia: A Conceptual Paper

2014 ◽  
Vol 115 ◽  
pp. 54-67 ◽  
Author(s):  
Mohd Azian Husin ◽  
Mohamed Dahlan Ibrahim
Keyword(s):  
East Coast ◽  
Manufacturing Sector ◽  
Conceptual Paper ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Coast Region

Italian SME Crisis and the Support Offered by Management Consulting

2021 ◽  
Vol 13 (2) ◽  
pp. 50-58
Author(s):  
Paolo Bongarzoni
Keyword(s):  
International Markets ◽  
Potential Growth ◽  
Service Line ◽  
Productivity Increase ◽  
Two Factors ◽  
Digital Disruption ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Eu

The effects of the EU measures and the financial crisis limited the potential growth of the Italian small medium enterprises (in term of loss of productivity, increase of unemployment rate, and decrease of customers purchase power). Together with these two factors, the Italian economic system competitiveness (whose backbone is represented by the SMEs) was negatively affected by the “digital disruption.” The purpose of this article is to critically analyse the main causes of this competitiveness loss for Italian SMEs and the role of strategy consultants in helping them to improve their results and their presence in local and international markets. Leveraging on their past industry/service line experience and massive investment in digital transformation (e.g., acquisitions of IT companies, alliances, specialization in software/tools, and internal reorganization), strategy consultants are able to assess, suggest, and implement their clients' digital strategy.

scholarly journals A review on Innovation and its Strategic Importance to the Growth of Small and Medium Enterprises (SMEs)

2021 ◽  
Vol 6 (2) ◽  
pp. 275-281
Author(s):  
Siti Noraisah Musneh ◽  
Sylvia @ Nabila Azwa Ambad ◽  
Rosmimah Mohd Roslin
Keyword(s):  
Small And Medium Enterprises ◽  
Extant Literature ◽  
Innovation Activities ◽  
Conceptual Paper ◽  
Medium Enterprises

This is a conceptual paper to review the innovation concept and determine the strategic importance of innovation towards the growth of Small and Medium-sized Enterprises (SMEs) globally. The study reviews the extant literature on the role of innovation in keeping SMEs competitive and sustainable in their business. This study’s findings show the evidence from past literature on the importance of innovation to SMEs’ growth, and its effect on SMEs if they failed to innovate. Another information that SMEs can gain when reading this paper is the definitions of innovation viewed from different perspectives and help SMEs get involved with relevant innovation activities.

Family Business in the Middle East: An Eexploratory Study of Retail Management in Kuwait and Lebanon

2006 ◽  
Vol 19 (1) ◽  
pp. 29-48 ◽  
Author(s):  
Dianne H. B. Welsh ◽  
Peter Raven
Keyword(s):  
Middle East ◽  
Customer Service ◽  
Family Business ◽  
Employee Perceptions ◽  
The Family ◽  
The World ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Relationship

The Middle East is a growing, lucrative marketplace that has recently captured the interest of the world for political as well as economic reasons due to the War in Iraq, which began in 2003. This exploratory study examines the relationship between retail small/medium enterprises (SMEs) that are family business owned, organizational commitment, and management and employee perceptions of customer service on a number of dimensions. The results suggest that managers and employees of family-owned businesses in the Middle East behave in ways similar to those in Western countries; however, there are differences, probably related to cultural characteristics. The Middle East is a richly diverse region, a myriad of unique cultures. As the market becomes more sophisticated, the importance of service quality increases. Global retailers can benefit from this study by better understanding the managers and employees in the region and the pivotal role of the family on business. Implications for practice are discussed.

scholarly journals The impact of advisory services on Iranian SME performance: An empirical investigation of the role of professional accountants

2012 ◽  
Vol 43 (2) ◽  
pp. 61-72 ◽  
Author(s):  
Y. Kamyabi ◽  
S. Devi
Keyword(s):  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Theory And Practice ◽  
Competitive Intensity ◽  
Managerial Skills ◽  
Advisory Services ◽  
Job Opportunities ◽  
Medium Enterprises ◽  
The Impact

The role of small and medium enterprises (SMEs) is recognized globally given their contribution to total productivity and job opportunities. However, the majority of SMEs tend to fail due to a lack of marketing knowledge and managerial skills or technical expertise. Professional accountants are in a unique situation to help SME owner/managers to achieve their business objectives and bridge the skills gap. Therefore, this paper aims to identify the factors that affect the decisions of owner/managers of SMEs in Iranian manufacturing sector to utilise the professional accountants’ advisory services and to examine the impact of these advisory services on SME performance using the Resource-Based View (RBV) of the firm. Based on a questionnaire survey data of 658 Iranian manufacturing SMEs, our regression analysis reveals a significant positive relationship between utilisation of professional accountants′ advisory services and three independent variables, namely, knowledge of owner/manager, competitive intensity and complexity of marketing decisions. Furthermore, we evidence that the use of advisory services is significant and positively associated with SME performance. More importantly, utilisation of professional accountants′ advisory services partially mediates the relationship between knowledge of owner/manager, competitive intensity and complexity of marketing decisions and firm performance. Therefore, we provide a specific, theoretically and empirically grounded prediction of how utilisation of professional accountants′ advisory services influences performance with implications for theory and practice.

scholarly journals The Impact of Minimum Wage Policy on Small Medium Enterprises' Productivity in the Manufacturing Sector

2016 ◽  
Vol 1 (1) ◽  
pp. 78-83
Author(s):  
Ung Leng Yean ◽  
Tee Peck Ling ◽  
Chung Chay Yoke ◽  
Jayamalathi Jayabalan ◽  
Pok Wei Fong ◽  
...  
Keyword(s):  
Minimum Wage ◽  
Manufacturing Sector ◽  
Labour Productivity ◽  
Wage Policy ◽  
Operational Costs ◽  
Manufacturing Sectors ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact ◽  
Descriptive Method

Objective - This study's aim is to identifies the minimum wage policy implementation and its impact on SMEs in Malaysia. It addresses the question of the level of SME's awareness and their readiness towards the implementation of the policy and improving productivity. Methodology/Technique - Data were collected through questionnaire distribution and literature study.Analysis was conducted via a descriptive method. Findings - The solutions identified in addressing the problem include the need to increase labour productivity, lower operational costs and change organizational methods. Novelty - The discussions of this paper provide an in-depth understanding of the issues related to how the policy affects company's competitive advantage and financial performance. Type of Paper: Empirical Keywords: Minimum Wage Policy; Malaysia; SMEs, Manufacturing Sectors; Productivity.

scholarly journals DO MICRO SMALL MEDIUM ENTERPRISES (MSMES) NEED MODERN MANAGEMENT ACCOUNTING TECHNIQUES? AN INDONESIAN PERSPECTIVE

2020 ◽  
Vol 35 (1) ◽  
Author(s):  
Amanda Acintya
Keyword(s):  
Business Performance ◽  
Management Accounting ◽  
Statistical Technique ◽  
Practical Implementation ◽  
Perceived Importance ◽  
The Difference ◽  
The Government ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Introduction: Management accounting practices (MAPs) have long been recognized as a subject of interest with regards to business performance, including for Micro Small Medium Enterprises (MSMEs). Despite the significant role of this sector in emerging countries, there is a dearth of research into the practical implementation of MAPs. Background Problems: The purpose of this paper is to gain a general understanding of whether modern and traditional MAPs, in the MSMEs’ context, are on an equal footing in terms of usage and perceived importance. We adopt the management accounting (MA) evolution model to structure this research. Novelty: This study contributes by tracing the adoption of MAPs as an indicator of the MSMEs’ need for MA information. Within an academic and regulatory framework, this study is believed to provide an important contribution for academicians, practitioners and the government. Research Methods: We conducted an attended survey of 34 MSMEs around Yogyakarta and used the simple yet meaningful statistical technique of descriptive analytics. Findings/Results: The findings indicate that traditional MAPs (the ones in IFAC stages 1 and 2) were found to be marginally better implemented than the modern MAPs (IFAC stages 3 and 4). We compute the difference of two proxies: extent of implementation (EI) and perceived importance (PI) as an indicator of the gap in their operationalization. We found that as the IFAC stage moves along to the modern MAPs spectrum, the average difference between EI-PI also moves up accordingly. Conclusion: Hence, despite the better implementation of traditional MAPs among the MSMEs, it does not eliminate the opportunity for the increasing usage of modern MAPs in the future. 

scholarly journals THE ROLE OF RECORDING AND REPORTING PROCESS OF BASIC ACCOUNTING IN SMALL MEDIUM ENTERPRISES OF OMAH DUREN SURABAYA

2018 ◽  
Vol 15 (01) ◽  
pp. 35
Author(s):  
Lucya Erlinda Sonia ◽  
Stefanie Gianto
Keyword(s):  
Business Process ◽  
Financial Management ◽  
Small And Medium Enterprises ◽  
Data Sources ◽  
Transaction Data ◽  
Know How ◽  
Reporting Process ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Financial management is a problem that is quite difficult for Small and Medium Enterprises (SMEs) in Indonesia. The lack of awareness and knowledge of SMEs owner regarding the accounting process considered as the root causes of their financial management difficulties. Based on that, researcher aims to help one of SMEs in Surabaya which is Omah Duren Surabaya, in order to know about the process of recording and reporting a SME, then find a way to improve it in a diligent way. Researcher uses interviews, observations and documents sheets to analyze and know-how Omah Duren business process. The information that gained from Omah Duren owner and transaction data, as well as direct observation in recording and reporting activities is one of researcher data sources. Researcher concluded that Omah Duren SME’s still not performing the simple accounting process in accordance with generally accepted. Therefore, researcher provide a recommendations in helping them in recording and reporting their financial effectively and efficiently. This research will also discuss the role of recording and reporting that is generally accepted for SMEs.

scholarly journals Organizational Culture in Management Small Medium Enterprises on Pandemic Period

2021 ◽  
Vol 317 ◽  
pp. 05003
Author(s):  
Bintang Andini ◽  
Bagas Wicaksono
Keyword(s):  
Organizational Culture ◽  
Work Environment ◽  
Business Management ◽  
Depth Interview ◽  
Delivery Services ◽  
Positive Work Environment ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Positive Work

Many small-medium enterprises are to be close in the pandemic period. On the other hand, some SMEs still survive by making innovations in their business. Organizational culture is an essential thing in managing SMEs in Semarang City. Organizational culture in SMEs composes ethic organization and does with an example; makes code ethics and policy about ethics; has positive work environment; response fraud report constantly; does training about fraud care, and checks employee background. This study aims to answer the question of the role of organizational culture in management SMEs in Semarang City during the pandemic period. This study applies qualitative research with an in-depth interview with the owner of SMEs in Semarang City. SMEs do new culture organizational in their business management by switching from offline sales to the online sale, applying healthy protocol on offline sales, and using delivery services for goods or transfer money to avoid meeting directly with customers in the pandemic period.

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