scholarly journals Does A Good Strategy Help SMES’ Leaders in Managing a Crisis?

2021 ◽  
pp. 1-12
Author(s):  
Maria FRANGIEH ◽  
Daniel RUSU
Keyword(s):  
Financial Crisis ◽  
Small And Medium Enterprises ◽  
Fear Of Death ◽  
Good Strategy ◽  
The World ◽  
Medium Enterprises ◽  
Business Sectors

Since more than a year, Covid-19 has been affecting everyone in every part of the world. The fear of death has imposed a series of never-ending lockdowns. Lockdowns came along with a financial crisis that has left all business sectors in wonder, especially the Small and Medium Enterprises (SMEs).

scholarly journals A model for the evaluation trends performance in small and medium enterprises

2016 ◽  
Vol 13 (4) ◽  
pp. 389-402
Author(s):  
Elisa Giacosa ◽  
Francesca Culasso ◽  
Alberto Mazzoleni ◽  
Rossi Matteo
Keyword(s):  
Financial Crisis ◽  
Small And Medium Enterprises ◽  
State Of Health ◽  
Starting Condition ◽  
The World ◽  
Current Context ◽  
Medium Enterprises

The purpose is to propose a model thanks to which the management, the owners and the stakeholders could assess the evolution in time of small and medium-sized enterprises’ state of health, in terms of different criteria during the considered three year period. For this purpose, our framework is represented by a model developed in the previous publication (Giacosa and Mazzoleni, forthcoming), which distinguishes small and medium-sized enterprises into several typologies, in terms of above-mentioned criteria. The originality of the research is consistent to the current context in which the companies operate, which is changing in a intensive way because of the world financial crisis. In particular, the company manifests the need to understand its situation and be encouraged to adopt a series of measures to improve its situation. Concluding, the companies could commit themselves to undertake a path toward virtuous positions, after determining the current starting condition.

scholarly journals Internationalization of Albanian Firms: Challenges and Opportunities

2016 ◽  
Vol 6 (1) ◽  
pp. 25
Author(s):  
Marsida Ashiku
Keyword(s):  
Financial Crisis ◽  
International Finance ◽  
Empirical Analysis ◽  
Small And Medium Enterprises ◽  
Contemporary Literature ◽  
International Markets ◽  
The World ◽  
Challenges And Opportunities ◽  
Medium Enterprises ◽  
Relative Exposure

In this paper we examine how the level of internationalization, i.e. a firm’s relative exposure to foreign sales, affects individual SMEs in Albania. Since it is conducted using a data sample with albanian SMEs, its applicability in other countries may vary. The purpose of this study is to increase the knowledge and provide insights on how internationalization affects SMEs in general and in Albania in particular. This empirical analysis aims to study if Albanian firms are internationalized or not, for a panel of 50 Albanian small and medium enterprises for the period 2014 to 2015. For the realization of this paper we were based on a rich contemporary literature but also in the analysis of data obtained from firms’ balances and from a survey in Albanian firms for the last 2 years. Results of this work will help the work of managers and financial managers in Albanian companies, but also other persons interested in the field of international finance, at a time when the main reason for the financial crisis in the world nowdays is precisely the lack of liquidity which consequently leads to the reduction of exports to foreign international markets.

scholarly journals RISK MITIGATION FOR SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN THE MIDDLE OF VOLATILITY IN THE WORLD’S ECONOMY CONDITION

2021 ◽  
Vol 4 (1) ◽  
pp. 34-39
Author(s):  
Gresika Bunga Sylvana
Keyword(s):  
Business Processes ◽  
Small And Medium Enterprises ◽  
Risk Mitigation ◽  
The Great Depression ◽  
The World ◽  
National Leaders ◽  
World Economic ◽  
Economy Condition ◽  
Medium Enterprises ◽  
The Impact

ABSTRACT Indonesia's economic growth in the first quarter of 2020 of 2.97% was released by the Central Statistics Agency (BPS). It is undeniable, that number is the lowest growth rate in the last 19 years. We understand that the economic disruption caused by the COVID-19 pandemic did occur in various parts of the world. A significant economic slowdown is a big task for many national leaders. Some world economic experts even mention that the disruption of the economy due to this pandemic can resemble the effects of the Great Depression of 1930 ago. If we review the impact of the COVID-19 pandemic which has caused extraordinary disruption in the economic field, it is seen that Micro, Small, and Medium Enterprises (MSMEs) are a sector that is quite severe. Basically, the concept of risk management is not commonly used in SMEs business processes. This is because, in general, the resources owned by SMEs are quite limited. However, in this paper I want to illustrate at least there are simple concepts that can be applied by SMEs.

SME and Sustainability

2018 ◽  
pp. 112-130
Author(s):  
Cecilia Casalegno ◽  
Christian Rainero ◽  
Giacomo Büchi ◽  
Fabrizio Mosca
Keyword(s):  
Small And Medium Enterprises ◽  
Limited Area ◽  
Local Institutions ◽  
Know How ◽  
Business Partners ◽  
The World ◽  
The One ◽  
Medium Enterprises ◽  
The Relationship ◽  
Piedmont Region

The analysis and the consideration of the sustainability development throughout the SMEs has been less considered by the academic literature than the one developed by large firms so far, although small and medium enterprises represent the majority of the local businesses in many geographical areas of the world. Since small and medium entrepreneurs usually do not know how to tackle the challenges concerning internationalization and sustainability, a managerial model for underling which kind of relationships and interactions must be built is the real aim of the present chapter. In order to do that the chapter is focused of a limited area, the Piedmont Region (Italy), to deep analyse the relationship SMEs can create and improve with the local institutions, associations, and business partners.

SME Managers’ Required Entrepreneurship and Business Competences

2011 ◽  
pp. 42-49
Author(s):  
George Velegrakis ◽  
João Varajão ◽  
Leonel Morgado ◽  
Caroline Dominguez ◽  
Clara Rodrigues ◽  
...  
Keyword(s):  
Training Programs ◽  
Small And Medium Enterprises ◽  
Point Of View ◽  
Team Management ◽  
Business Associations ◽  
Business Training ◽  
Economic Competitiveness ◽  
Academic Researchers ◽  
The World ◽  
Medium Enterprises

In a dynamic and competitive world, understanding the knowledge, skills and competences that managers of small and medium enterprises (SMEs) require is an important endeavour, to ensure that both academic and business training institutions offer well formed programs/courses and curricula. Several studies, conducted by academic researchers and business associations around the world, focused on identifying managers’ skills and competences, but there isn’t an overall perspective on today’s requirements of European SME managers. This is a critical aspect because managers’ competences strongly influence enterprises’ competitiveness and, therefore, the economic competitiveness of countries themselves. To help overcome this problem, the authors conducted a study in six European countries through a literature review and several interviews with business associations’ executives. The result is a list of 34 competences, which the authors organized in four categories: personal; team management; business; and technical. These competences are presented and discussed in this chapterand show that an SME manager should be well prepared in a rich set of complementary areas to perform her/his job. The findings enable a better understanding of the profile of SME managers from the point of view of required competences, and may help in the design of new training programs to fulfil the identified needs.

scholarly journals Research on the Application of E-commerce to Small and Medium Enterprises (SMEs): the Case of India

2019 ◽  
Vol 9 (3) ◽  
pp. 102
Author(s):  
Nguyen Xuan Trung ◽  
Dang Thai Binh ◽  
Dang Thi Thuy ◽  
Dong Thi Thuy Linh
Keyword(s):  
New Technologies ◽  
Small And Medium Enterprises ◽  
Digital Technologies ◽  
Business Environment ◽  
Indian Government ◽  
Role Of Government ◽  
The World ◽  
Fierce Competition ◽  
Medium Enterprises

SMEs account for a large propotion and play an important role in the development of each country in the world, including India. The globalization will bring many advantages for enterprises however SMEs will face fierce competition at the local, national and international level. In order to maintain and promote the important role of SMEs in the context of increased competition, SMEs have to change and adopt new technologies. E-commerce and digital technologies are bringing opportunities to help SMEs improve their competitiveness, narrow the gap with big enterprises thanks to their fairness and flexibility of the digital business environment. According to UNIDO (2017), India is one of the countries successfully applying e-commerce to SMEs. Contributing to this success is the important role of the Indian government. Therefore, this paper focuses on researching the application of e-commerce to SMEs in terms of the role of government in promoting and creating ecosystem for SMEs and e-commerce development.

scholarly journals Dampak Dampak covid-19 terhadap Usaha MIkro, Kecil dan Menengah

2021 ◽  
Vol 4 (1) ◽  
pp. 662-669
Author(s):  
Siti Nuzul Laila Nalini
Keyword(s):  
National Economy ◽  
Small And Medium Enterprises ◽  
The World ◽  
Medium Enterprises ◽  
Almost All ◽  
The Impact

The COVID-19 pandemic has an impact on the economy, social and politics of not only big countries but almost all countries in the world. Indonesia is one of the countries affected especially on the economic side. Indonesia, which is dominated by Micro, Small and Medium Enterprises (MSMEs), needs to pay special attention to this sector because the contribution of MSMEs to the national economy is quite large. This journal aims to analyze the impact of the COVID-19 pandemic on the existence of MSMEs in Indonesia and how solutions can help MSMEs survive in a COVID-19 pandemic situation.

scholarly journals Literature Study of Lean Implementation Framework for Small and Medium Enterprises (SMEs) in Indonesia

2021 ◽  
Vol 4 (2) ◽  
pp. 1-9
Author(s):  
Fatma Nadia Amin ◽  
Putu Dana Karningsih
Keyword(s):  
Lean Manufacturing ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
Google Scholar ◽  
Literature Study ◽  
Implementation Framework ◽  
Lean Implementation ◽  
The World ◽  
Medium Enterprises

Many companies in developed countries are implementing lean manufacturing and offering significant results. However, experts argue that the concept can not only be used in large companies but also in SMEs. Some SMEs in the world have also implemented the lean concept, but there have been many failures during implementation. This is because of the lean implementation framework. Several researchers have developed specific frameworks for lean implementation in SMEs. Therefore the final objective of this study is a lean implementation framework that is suitable for SMEs in Indonesia. In this research, the first step of the literature study is to search for previous studies on google scholar, emerald, elsevier, etc. related to the lean framework. Furthermore, comparing and comparing the framework in previous research. This comparison can be a lean implementation in Indonesia, with the strengths and weaknesses of each of these frameworks

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