Hasil untuk "Small and medium-sized businesses, artisans, handicrafts, trades"

Maureen Lupunga Malesu, Pavel Syrovátka

Abstract Small and medium-sized enterprises (SMEs) make up most businesses globally. They are considered the economic engines of many nations, driving job creation, poverty reduction, and making substantial contributions to national wealth. Despite their significance, they face numerous challenges that impede their growth and sustainability. Recent studies have increasingly concentrated on examining the critical success factors of SMEs, producing a broad range of results that offer diverse insights into the key determinants of business performance and growth. This study undertakes a systematic literature review using the PRISMA guidelines to ensure a comprehensive and systematic analysis of these factors. Data were collected from Scopus and Web of Science databases, resulting in a final sample of 72 peer-reviewed publications. The data were analyzed thematically using Atlas.ti software. The systematic review identified nine key themes as critical success factors for SMEs, namely entrepreneurial characteristics, availability of financial resources, networking, adoption of technology, strategic planning, human resource management practices, enterprise factors, customer orientation and brand reputation, and government support. Among these, the most influential factors were availability of financial resources, networking, and adoption of technology which were highlighted by over 80% of the studies as critical success factors for SMEs. This study contributes to the literature by providing a comprehensive framework of critical success factors for SMEs, offering valuable insights that can guide both SMEs and policymakers in fostering small business success.

Anže Mihelič, Simon Vrhovec, Blaž Markelj et al.

Peter Oluwagbenga Odewole

Extant literature has revealed the issue of gender inequality in art and design education and entrepreneurship. Given that gender inequality hinders socio-economic development in any nation, it is crucial to gather empirical evidence on whether the entrepreneurial potential of art and design students is influenced by gender. Hence, this study examined the relationship between art and design students’ gender and their entrepreneurial potential. Using a well-structured questionnaire, the study sampled 204 art and design undergraduate students from different higher institutions across Nigeria. Data were collected from participants using a questionnaire that included measures of their entrepreneurial traits. The hypothesized relationships among variables were tested based on Confirmatory Factor Analysis (CFA) and Structural Equation Modeling (SEM). The findings indicate that CFA and SEM results showed a good fit between the proposed model and the observed data for both female and male groups. This suggests that both genders of art and design students have significant potential to become entrepreneurs without any biases.

Edna Cassaro, Ieda Margarete Oro, Sérgio Begnini et al.

This study aims to analyze the influence of digital transformation on innovation and the moderating role of barriers to digitalization in this relationship within Brazilian micro, small, and medium enterprises (MSMEs). The sample comprises 731 Brazilian MSMEs. The findings indicate that digital transformation, characterized by digitalization strategies and technology usage, has a positive and significant impact on innovation. Moreover, barriers to digitalization negatively and significantly affect the relationship between digital transformation and innovation, but this effect is observed only in medium-sized enterprises. This study contributes to strategic management practices by providing insights into the role of digital transformation in business innovation. Future research should investigate why barriers to digitalization do not consistently impact the relationship between digital transformation and innovation.

Joaquín Monreal-Pérez, Omar Ifakhkharen-Rziki

With a perspective rooted in the resource-based view (RBV), this study focuses on analysing the configurational interaction of various strategic determinants that influence the export activity intensity of small and medium enterprises (SMEs) in the Spanish agricultural sector. Five key determinants are examined –innovation, collaboration, export promotional instruments, internal resources, and export destination– adopting a qualitative comparative analysis of fuzzy sets (fsQCA) to identify combinations of conditions that lead to higher SME export activity. Based on data from 68 agricultural SMEs in Spain, results show the importance of combined strategic adoptions vis-à-vis improving SMEs’ export activity. The study contributes to the literature by providing new insights into the impact of multiple resources on the export performance of SMEs

Nicolás Salvador Beltramino, Luis Enrique Valdez-Juárez, Juan Marcelo Ingaramo et al.

The aim of this study is to analyze the effects of Organizational Learning (OL) and Entrepreneurial Orientation (EO) on the profitability of MSMEs. To this end, field research was conducted on a sample of 1,620 companies located in Argentina (630), Mexico (550), and Ecuador (440). The data collection was carried out between May and September 2020, through a structured questionnaire addressed to the highest level of the company. The results were analyzed and validated using the partial least square (PLS) structural equation modeling (SEM) statistical technique. This work contributes to the development of the literature on dynamic capabilities, social capital theory, and stakeholder theory. Our results reveal that Entrepreneurial Orientation is a determinant variable for generating better Environmental Corporate Social Responsibility (ESCR) practices and is key to increasing the financial profitability of MSMEs. Furthermore, it is found that ESCR is a variable that partially mediates between EO and the Performance of MSMEs.

Vathsala Wickramasinghe

Human resource management (HRM) intensity is important for any type of business in which human resources play a vital role. However, little is known about HRM intensity in the context of small and medium-sized enterprises (SMEs). The aim of this study is to investigate the relationship between the formalization of HRM function and HRM intensity. The sample of the study consists of medium-sized enterprises operating in Sri Lanka. The results show that although the formalization of HRM function is low, HRM intensity is high. The findings also show that higher levels of formalization lead to a greater intensity in HRM practices.

Marta Urbaníková, Michaela Štubňová, Viera Papcunová et al.

Family businesses began to emerge in Slovakia after the change of social establishment in 1989, and since then they represent a significant group of business entities with a significant contribution to the economy, and have significant growth potential. Innovations have become a driving force for the future opportunities of these companies. Based on empirical research, this paper aims to identify the innovation activities of small and medium-sized family businesses in Slovakia and to determine their impact on the company’s economic results. We can state that out of small and medium-sized family businesses included in the survey, 76.5% have implemented innovations in the last five years. We use statistical tests to verify the research hypotheses. We can state that there is a statistically significant relationship between the size of the company and the number of types of introduced innovations, as well as between the generation running the company and the number of types of introduced innovations. Second-generation family businesses can, therefore, be considered more innovative than first-generation family businesses. We investigate the impact of the COVID-19 coronavirus pandemic on innovation activities in these companies. It is interesting that in 30.6% of family businesses the COVID-19 coronavirus pandemic positively affected their innovation activities.

Mariluz Mate, Paolo Occhino

A common prerequisite in valuation analysis is the availability of temporal information on financial variables. Nevertheless, reduced size companies-representing more than 98% on current productive systems- fail to have available temporal information to estimate valuations. In this paper, we offer a procedure for estimating reduced size companies’ values under the hypothesis that spatial behaviour matters for valuations. With this aim, we present the theoretical background for this hypothesis and introduce a spatial proposal with a case study of industrial companies where the significant role of space on firms’ valuations is previously tested. This analysis shows the relevance of spatial information in firms’ valuation confirming the predictive capability of our approach applying the out of sample methodology

Jonathan Kuuskoski

The title Canvas Detroit fulfills a promise long-understood in the Southeastern Michigan community: the Motor City, despite its rough and tumble journey into the 21st century, is home to a vibrant and flourishing arts scene. Far from a standard coffee table book, though, this rich—yet surprisingly accessible—volume functions as a visual ethnography of the artists who define that scene. Hundreds of beautiful images complement dozens of profiles of natives, adopted locals, and famous visitors, who collectively shape Detroit’s culture while representing the resilience of a population indelibly linked to the city’s Rust Belt origins.

Lucía Muñoz-Pascual, Jesús Galende

This paper identifies and analyses six relevant approaches for the analysis of Sustainable Human Resource Management and Organizational Performance: Resource-Based View, Dynamic Capabilities View, Knowledge-Based View, Behavioral Theory, Human Relations Theory, and Cooperative Systems and Ambidextrous Organizations. They are complementarity approaches. They can all be applied to the analysis of a specific resource or capability for sustainable human resource management (HRM) and, consequently, organisational performance. However, the contributions made by the Resource-Based View and the new approach of Ambidextrous Organizations seem to be the most comprehensive approaches for studying sustainable HRM from an internal perspective of firms that allows the long-term development of their organizational and society performance.

Eduardo Bueno Campos, Cecilia Murcia Rivera, Carlos Merino Moreno

In this paper we propose the concepts and variables that characterize resilient organizational capabilities (onwards ROC that can be viewed as dynamic capabilities. The concept of resilience highlights the ability to overcome trauma and the power to emerge more reinforced, considering the concept of “lessons learned” as the basis for its development. There are two key factors: attitudes and culture that can be transformed into a concept of resilience. In this work, the concept and characteristics of the ROC or “adaptive capabilities” generating innovation in the field of SMEs are presented. Also, the role of dynamic capabilities and intellectual capital that has been playing to date will be explained. In this research a methodological triangulation and a qualitative analysis to data on a Case Studies in new technology based firms (NTBFs) of the Scientific Park of Madrid and Colombian SMEs are realized. And will be completed with a quantitative analysis through the survey of these same two groups. The results of the comparative study show differences in analysed ROC, explained by cultural or economic themes, or by the sectors or sizes to which the companies of the reference groups belong, which is the basis for a future line of research.

Luis Enrique Valdez Juárez, Elva Alicia Ramos Escobar, Edith Patricia Borboa Álvarez

En tiempos modernos la competitividad es un desafío y oportunidad para las organizaciones. La globalización de los mercados y la introducción de las nuevas tecnologías en los nuevos modelos de negocios, las grandes empresas, y más las Pymes, requieren de estrategias que las impulsen hacia el fortalecimiento de su competitividad y el aumento de la rentabilidad. Para ello, las Pymes están incorporando acciones que se derivan de las capacidades dinámicas, entre las que se destacan la orientación hacia el emprendimiento, el aprendizaje organizacional, la I+D, y las estrategias de mercado. El objetivo principal es analizar si las capacidades dinámicas y la orientación emprendedora, tienen influencia sobre las actividades de Innovación y la Rentabilidad que se manifiesta en la Pyme. El estudio se focaliza en una muestra de 1,012 Pymes de la región Noroeste de México; la recolección de los datos se realizó a través de una encuesta estructurada dirigida al gerente de la empresa durante el periodo de septiembre a diciembre del año 2016. La técnica estadística basada en el análisis de la varianza a través del Método de Ecuaciones Estructurales (SEM) con apoyo de Partial Least Square (PLS), fue utilizada para la comprobación de las hipótesis. Los resultados revelan que las capacidades dinámicas tienen una fuerte influencia sobre las variables: orientación emprendedora, la actividad innovadora y la rentabilidad de la Pyme. Además, encontramos que la orientación emprendedora y las actividades de innovación influyen de forma significativa en la rentabilidad de la Pyme. La investigación contribuye al desarrollo de la literatura de las capacidades dinámicas y de la orientación emprendedora

Jeffrey Taylor, Mayela Cardenas, Stephanie Edwards

The art market represents a sector of economic activity that is highly entrepreneurial and comprised of many small businesses and individuals. Since the bulk of production and sales takes place through these micro-enterprises, there are numerous problems present for the researcher seeking to measure it. Unlike the nonprofit sector of the visual arts, the for-profit art market mostly has no public reporting requirements. The art market’s activity remains largely opaque as it is difficult to gather an accurate field representation or total measurements from such a large number of small enterprises. This paper represents the first stage in the development of new tools for the measuring of the art market by making use of US government data derived from tax and labor statistics, and by measuring the Colorado art market for the year 2017. The data in this paper is used to illustrate the connection between arts and entrepreneurship and how this sector serves to support the wider Colorado economy. It also establishes the methodology for measuring the entire US art market for the year 2018. The National Endowment for the Arts (NEA) Research: Art Works grant will fund the report and release it in early 2020.

Francisco Acosta Hernandez, Antonio Juan Briones Peñalver, Francisco Campuzano Bolarín

Este artículo sistematiza la aportación de la Administración Relacional que como organizadora de una ayuda no económica a las empresas, puede ser facilitada por las administraciones públicas. Se han revisado las principales aportaciones, que aparecen a través de la e-tutorización o gestión de profesionales privados y la modernización institucional que revierte en un apoyo directivo; sirviendo a su vez de incentivo a la creación de nuevas empresas. Asimismo, se aportan conclusiones sobre el parecer de los emprendedores ante un proceso de mejoramiento del espacio de intervención del Estado, considerando la externalización como una fuente de utilidad gracias a la intervención de los profesionales privados, a través de la Administración Relacional. El contraste estadístico de las hipótesis planteadas en este estudio, ha sido realizado utilizando un modelo de regresión lineal y logística; para ello, se utilizaron datos de 138 empresas de España. Como líneas futuras de investigación, un estudio adicional que analice la interrelación de las variables independientes en pymes y grandes empresas, podría ayudar a mejorar el rigor de los resultados obtenidos en este trabajo

Donato Iacobucci

Herbert Sherman, Adva Dinur, Daniel Rowley

In this two-part case, Richard Davis and Stephen Hodgetts, co-owners of D&H Management LLC, are trying to come to terms with changes in the real estate market‐changes that have made their rental homes worth less than their mortgages and at best yielding at most a break-even cash flow. In Part A Davis and Hodgetts are weighing the following options: (1) sell all of the properties, assume a loss (walk away with nothing), and avoid the negative cash flow; (2) walk away from all of the properties, assume a loss (walk away with nothing), and avoid the negative cash flow; (3) delay paying the mortgage on some of the homes, allow these properties, if necessary, to go into foreclosure, and in the interim use the positive cash flow to shore up some of the more positive cash flow homes; (4) contact all of the lenders and try to renegotiate the mortgages so as to have lower monthly rates. In Part B Davis proposes that he and Hodgetts go their separate ways. Davis walks away with the two properties that have mortgages in his name, while Hodgetts obtains the four properties that have mortgages in his. From Hodgettsʼ perspective this is a losing proposition since (1) he would have to take over the management of four “loser” properties rather than Davisʼs two, an ʼunfairʼ split of the liabilities; (2) he had no interest in managing properties; and (3) he and Davis would be splitting up a long-standing team.

Michele K. Masterfano

Dr. Jim Sinegal

In describing his success, Sinegal attributes it to “just good business practices.” And while he was born into a Catholic family and supports Catholic causes, he does not necessarily tie his faith to the way he approaches business. That approach, he says, is based in learning how to do business with integrity and high values from an early mentor. The following interview outlines how Sinegal approaches business and how he works to establish integrity and high values throughout Costco Wholesale Corporation.

Laurence Weinstein, Shawn Blau, Christopher Sheehan et al.