scholarly journals ROLE OF SMALL MEDIUM ENTERPRISES IN GROWTH OF THE ECONOMY

2018 ◽  
Vol 57 (2) ◽  
pp. 19-31
Author(s):  
Sadaf Mustafa ◽  
Farah Iqbal ◽  
Ahmed Osama
Keyword(s):  
Intellectual Capital ◽  
Industrial Development ◽  
First Century ◽  
Agriculture Sector ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Economy System

Importance of the Small Medium Enterprises sector cannot be overemphasized in the industrial development of a country. 90% of all the enterprises in Pakistan are consisting of Small Medium Enterprises; 80% labor force is employed in non-agriculture sector, Small Medium Enterprises are sharing annually 40% to GDP of the country (SMEDA). However providing huge part in the development of the country Small Medium Enterprises are still encountering with some perilous pitfalls and the survival of the Small Medium Enterprises is getting harder. Now the economy system of the country has been converted from the production based to knowledge-based economy. The review of the previous results pointed out that the twenty first century is the era of technological and intellectual capital and it has added the ultimate importance in the knowledge-based economy. Currently, the economy is based on knowledge-based economy and it is based on the intellectual capital. Therefore, it is difficult for Small Medium Enterprises in Pakistan to transfigure and acquire the concept and applications of intellectual capital in order to counter and mitigate the emerging economics problems

Towards a better understanding of intellectual capital in Mexican SMEs

2014 ◽  
Vol 15 (2) ◽  
pp. 316-332 ◽  
Author(s):  
Alain Daou ◽  
Egide Karuranga ◽  
Zhan Su
Keyword(s):  
Intellectual Capital ◽  
Structural Equation ◽  
Online Survey ◽  
Small And Medium Enterprises ◽  
Equation Model ◽  
Content Type ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
External Capital ◽  
Medium Enterprises

Purpose – The purpose of this paper is to understand the characteristics of intellectual capital (IC) in Mexican small and medium enterprises (SMEs). Due to the shift from traditional factors of production to knowledge-based economy, an understanding of the role of IC has become crucial for SMEs to develop a competitive advantage. Design/methodology/approach – This study takes an in depth look at the three components of IC: human, organizational, and external capital. In order to do so, a quantitative study on 445 SMEs was conducted based on data collected through an online survey. A structural equation model is proposed that is a fit with the reality of Mexican SMEs. Regional differences are highlighted by means of multigroup analysis. Findings – The results suggest that the features of human and organizational capital are consistent with previous studies on SMEs in emerging economies. However, external capital shows some distinctive characteristics unique to Mexican context. Practical implications – Implications for managers and policymakers are discussed, whereby an adaptation of programs and policies are required to fit the Mexican context at the national and regional levels. Originality/value – To the best of the authors knowledge, this is the first study that observes the components of IC in Mexican SMEs.

scholarly journals Intellectual Capital: How Do Islamic Ethics Rejuvenate It?

2017 ◽  
Vol 13 (3) ◽  
pp. 70
Author(s):  
Sakinah Mat Zin ◽  
Ahmad Azrin Adnan ◽  
Iskandar Hasan Tan Abdullah
Keyword(s):  
Intellectual Capital ◽  
Small And Medium Enterprises ◽  
Value Added ◽  
Superior Performance ◽  
Competitive Advantages ◽  
Islamic Ethics ◽  
Knowledge Based ◽  
Product Innovations ◽  
Knowledge Based Economy ◽  
Medium Enterprises

In this era of knowledge-based economy, intellectual capital (IC) is considered as a critical component in an organizational effort to emphasize on accomplishing competitive advantages and enhancing value added for the organization. Besides concentrating only on new product innovations, small and medium enterprises should also be engaged in managing IC in accordance to Islamic teachings. An understanding to Islamic ethics and its upshots for superior performance facilitates entrepreneurs in managing IC strategically. This paper aims to re-scrutinize several contributions in Islamic ethics and IC in SME entrepreneurial researches, ascertain the main elements of IC as well as Islamic work ethics (IWE); and thus show how IWE is relevant for research in the area of IC.

scholarly journals Assessing Sustainable Competitive Advantage in Relation with Intellectual Capital, Knowledge Management and Innovativeness in Women-Owned SMEs in Malaysia

2016 ◽  
Vol 1 (1) ◽  
pp. 46
Author(s):  
Che Asniza Osman ◽  
Rohana Ngah
Keyword(s):  
Knowledge Management ◽  
Competitive Advantage ◽  
Intellectual Capital ◽  
Global Economy ◽  
Well Being ◽  
Sustainable Competitive Advantage ◽  
Global Entrepreneurship Monitor ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Small Medium Enterprises (SMEs) play an important role in contributing the economic growth of most nations. As the global economy slows down, entrepreneurship role becomes increasingly important to drive the pecuniary and societal well-being. In 2012, Global Entrepreneurship Monitor (GEM), reported an estimation of 126 million women have started or running new businesses in around 67 countries around the world. In addition, about 98 million women are operating established businesses. Study showed that women seem to face difficulties in moving from one phase to another to withstand the entrepreneurship process thus; they are rated lower in terms of starting venture comparing to men. This paper provides a conceptual discussion on the role of intellectual capital, knowledge management, and innovativeness in sustaining competitive advantage of women owners of SMEs. The variables investigated eventually attempts to establish and test an integrated framework for intellectual capital.

scholarly journals Study the Impact of use of ICT on Organization Performance in Omani SMEs

2020 ◽  
Author(s):  
Khulood Said AL-Amri ◽  
Arti Sharma
Keyword(s):  
Resource Constraints ◽  
Small And Medium Enterprises ◽  
Organization Performance ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The Individual ◽  
Medium Enterprises ◽  
Social Importance ◽  
The Impact

Traditionally SMEs have resource constraints in the form of information, finance and reach in the market, ICT is vital to promote strategy, performance, and growth. Moreover, Oman boasts of very high mobile phone penetration and highly connected youth, the impact of ICT in the performance of SMEs becomes all the more pronounced. This paper focuses to study the impact of the use of ICT on the organization performance in small and medium enterprises in Oman. In a knowledge-based economy, SMEs face both opportunities and challenges due to the development of ICTs. Within the country, SMEs are of huge economic and social importance and play an important role in mobilizing domestic financial resources and competencies, as well as increasing savings and channeling them into investment areas. Here comes the role of technology, where the development and innovation in ICT increase the productivity of the individual and benefit from the knowledge, science, and technology. The significance of the findings of this study is valuable to all the stakeholders – owners/managers, sponsors, entrepreneurs, financial institutions and government. The outcome of the study point towards the direction needed to make informed decisions and formulate policies about ICT investments in the country.

scholarly journals Challenges Faced by Entrepreneurs and the Performance of Small and Medium Scale (SMEs) in Nigeria: An Intellectual Capital Issue

2014 ◽  
Vol 42 ◽  
pp. 32-40 ◽  
Author(s):  
Omolomo Odunayo Tobora
Keyword(s):  
Intellectual Capital ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
New Product ◽  
Main Thrust ◽  
Medium Scale ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Method Of Production ◽  
Medium Enterprises

An entrepreneur is one who contributes significantly more than others to the economy by virtue of innovation and realizing new combinations. Which involve creation of a new product, a new method of production, the opening of a new market, the capture of a new source of supply, or a new organization of industry. Entrepreneurship of SMEs performance in knowledge-based economy. In addition, this study also explores the challenges which are facing small and medium enterprises (SMEs) in Nigeria. The significance of the study will add to the knowledge about current issues relating to SMEs in Nigeria The main thrust of this study is challenging which face Entrepreneur of small and medium scale enterprises (SMEs) on business performance in Nigeria.

scholarly journals Role of Intellectual Capital on Firm Performance (Evidence from Iranian Companies)

2013 ◽  
Vol 12 ◽  
pp. 43-50 ◽  
Author(s):  
Bahram Meihami ◽  
Zeinab Varmaghani ◽  
Hussein Meihami
Keyword(s):  
Intellectual Capital ◽  
Positive Impact ◽  
Manufacturing Firms ◽  
Business Organizations ◽  
Manufacturing Companies ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Tangible Assets ◽  
The World

Intellectual capital for companies, particularly manufacturing firms in the third millennium can be considered as a competitive advantage. The purpose of the research is to examine the role of innovation capital in the creation of value for business organizations. Intellectual capital (IC) disclosure has been receiving an increasing amount of attention among the companies around the world such as Australian companies, Italian companies and others. This is due to the new economy driven which is knowledge-based economy where value creation become one of the crucial issues in the world and tends to be based on intangible rather than tangible assets. In this study, a questionnaire was distributed among manufacturing companies have tried to collect statistical information. Questionnaire was divided between manufacturing firms and financial operations managers.The result shows that a company‟s IC in general has a The significant positive impact on its financial and market performance.

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 The sustainable development of the knowledge based economy in Lithuania

2014 ◽  
Vol 36 (4) ◽  
pp. 775-783
Author(s):  
Aurelija Čižauskaitė-Butkaliuk
Keyword(s):  
Sustainable Development ◽  
Information And Communications Technology ◽  
Growing Up ◽  
Environmental Innovation ◽  
The Sustainable Development ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Information And Communication ◽  
Effective Development

In this century the management of the country is in a dynamic, multiplicity and controversial environment. For their competitiveness is necessary to look for the interaction between the knowledgebased economy and the sustainable development. A strong correlation between those objects.forces scientists to analyze, create new evaluation methodologies. The aim of this study – to examine the role of importance between knowledge–based economy and sustainable development, create and calculate an integrated sustainable knowledge–based economy index of Lithuania and according to the results or research, make proposes for more effective development of Lithuania’s sustainable knowledge–based economy. The index consists of Socio-economic, environmental, innovation, human resources and information and communications technology sub–indices..The calculation showed that the development of a knowledge–based economy is not sustainable, because not all the development of sub–indices.is the same. The biggest positive changes taking place in information and communication technology, and negative – socio-economic areas. The sustainable development of the knowledge–based economy in Lithuania since 2010 is growing up.

scholarly journals Transition to the Knowledge-Based Economy within the Modernization Paradigm for the States in the Core and Semi-Periphery of the Global Economic System

2021 ◽  
Vol 3 (49) ◽  
pp. 117-123
Author(s):  
O. A. Dovgal ◽  
◽  
G. V. Dovhal ◽  
H. V. Serdiuk ◽  
◽  
...  
Keyword(s):  
Economic System ◽  
Intellectual Capital ◽  
Main Function ◽  
Economic Resource ◽  
The Core ◽  
Knowledge Based ◽  
Catching Up ◽  
Knowledge Based Economy ◽  
Innovative Model ◽  
Intellectual Production

Abstract: The article generalizes the features of modern transition from industrial to post-industrial (or knowledge-based) economy within the modernization paradigm for the states in the core and semi-periphery of the global economic system. It is proved that among the historical diversity of national modernization phenomena one can single out two alternative models: an innovative model and a catching-up one. It is substantiated that the innovative model is most typical for the countries forming the core of the world economic system, while the catching-up model is more typical for countries in the periphery of global development. It is revealed that modern intellectual production covers, first of all, economic sectors producing information and knowledge. At the same time, intellectual capital also functions in productive industries, influencing their indicators as well. That is why knowledge workers, who form the intellectual strata of society, are considered to be subjects of intangible intellectual production, the latter making up the core of knowledge economy. Their main function is to produce intellectual products (socially valuable knowledge), in contrast to groups, whose social function is to embody these values and knowledge. It should also be noted that concrete historical forms of knowledge objectivisation, ways of their reproduction and, accordingly, historical types of intellectual layers can differ considerably. It is concluded that knowledge-based economy is considered as a sphere of economic activity, which nowadays is characterized by intensive use of intellectual capital as the main economic resource, in the fields of material production as well.

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