• Title/Summary/Keyword: SMEs

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Anti-osteoporotic effect of Salvia miltiorrhiza extracts

  • Chae Han Jung;Keum Kyung Soo
    • Journal of Physiology & Pathology in Korean Medicine
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    • v.17 no.5
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    • pp.1325-1329
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    • 2003
  • The preventive effect of Salvia miltiorrhiza extracts (SMEs) on the progress of bone loss induced by ovariectomy (OVX) was studied in rats. We measured body weight and bone histomorphometry in sham, OVX or SMEs-administered OVX rats. From light microscopic analyses, a porous or erosive appearances were observed on the surface of trabecular bone of tibia in OVX rats, whereas those of the same bone in sham rats and in SMEs-administered rats were composed of fine particles. The trabecular bone area and trabecular thickness in OVX rats decreased by 50% from those in sham rats, these decreases were completely inhibited by administration of SMEs for 7 weeks. In this study, the mechanical strength in femur neck was significantly enhanced by the treatment of SMEs for 7 weeks. In OVX rats, free T3 was normal in all cases, whereas free T4 was significantly increased. Although there was no difference between OVX and SMEs-administered rats in T3 level, we have found significant difference between them in T4 level. These results strongly suggest that SMEs are effective in preventing the development of bone loss induced by OVX in rats.

A Study on the Electrical Properties of the Conduction-cooled HTS SMES System (전도냉각형 고온초전도 에너지저장장치의 전기적 특성)

  • Choi, Jae-Hyeong;Kwag, Dong-Soon;Cheon, Hyeon-Gweon;Kim, Hae-Jong;Kim, Sang-Hyun
    • Journal of the Korean Institute of Electrical and Electronic Material Engineers
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    • v.20 no.2
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    • pp.135-141
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    • 2007
  • The conduction-cooled HTS SMES is operated in cryogenic and high vacuum condition. Thus, Insulation design at cryogenic temperature and high vacuum is a key and an important element that should be established to accomplish miniaturization that is a big advantage of HTS SMES. However, the behaviors of insulators for cryogenic conditions in vacuum are virtually unknown. Therefore, we need active research and development of insulation concerning application of the conduction-cooled HTS SMES. Therefore, in this study, we experimented about insulation characteristic high vacuum and cryogenic similar to driving condition of SMES system. Also, investigated about insulation characteristic of suitable some materials to insulator for conduction-cooled HTS SMES. As this results, we possessed basis data for insulation materials selection and insulation design for development of 600 kJ class conduction-cooled HTS SMES.

Social Media Adoption in SMEs Impacted by COVID-19: The TOE Model

  • EFFENDI, Mohamad Irhas;SUGANDINI, Dyah;ISTANTO, Yuni
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.915-925
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    • 2020
  • The purpose of the research is to analyze the behavioral intention to adopt social media in SMEs affected by the COVID-19 crisis, based on the TOE Model. This study uses the TOE framework as a theoretical basis. This research is important because COVID-19 has destroyed most of the SMEs, and SMEs are exposed to social media technology to market their products. The success of social media adoption has helped SMEs to be able to rise from adversity. Respondents in this study were 250 SMEs in the Special Region of Yogyakarta, Indonesia. The data analysis technique used is structural equation modeling with AMOS. The results of this study indicate that SMEs affected by the COVID-19 crisis have a high awareness of social media and have a high intention to adopt social media as a way to market their products and connect with customers. The intention to adopt social media is significantly influenced by the technological context, organizational context, environmental context, and social media awareness. The findings of this study suggest that in times of crisis due to the COVID-19 pandemic, the Government support is needed. The Government needs to open services for SMEs whose businesses are affected by the pandemic.

An Empirical Study on Adoption of Open Technological Innovation for SMEs based on Information and Technology (국내 IT중소기업의 개방형 기술혁신 수용에 관한 실증연구)

  • Joung, Seok-In
    • Journal of Information Technology Applications and Management
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    • v.20 no.4
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    • pp.47-66
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    • 2013
  • Recently, with the diffusion of a new paradigm named as the creative economy, the government's interests and efforts regarding support of SMEs' R&D have been concentrated. In particular, due to the dominant perception that the fundamental science and original technology from government-funded research institutes can further enhance the capabilities of SMEs' R&D, the importance of performance's diffusion on national R&D is further emphasized. In fact, the domestic SMEs don't have enough budget and workforce, so that all of self-contained technologies, product's competitiveness as well as the R&D capabilities, are very vulnerable, and thereby SMEs' commercialization is very likely to fail. For this end, SMEs need to adopt the concept of open innovation as the use of external R&D resources by licensing. In this study, we conducted a survey on a total of 286 domestic IT SMEs, and analyzed empirically to compare the degree of their acceptance on technological innovation between two groups divided by open/not-open innovation. As a result, we drew some of the key factors influencing the acceptance of the SMEs' open technological innovation, and found a variety of implications through them.

The Influence of Competitive Advantage on Financial Performance: A Case Study of SMEs in Vietnam

  • NGUYEN, Hoan;TRAN, Thi Hoang Mai;NGUYEN, Thi Hai Yen;TRUONG, Duc Dinh
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.335-343
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    • 2021
  • Profit generation is one of the main goals of small- and medium-sized enterprises (SMEs). SMEs have deployed a number of solutions to increase profits, including solutions to improve their financial advantage. The question is how to help SMEs make better and more effective decisions to improve their competitive advantage in order to improve their financial performance. The aim of this research is to examine the impact of competitive advantage on financial performance in small- and medium-sized enterprises (SMEs) in Hanoi. A survey of 120 accountants, sales staff and boards of directors of SMEs was conducted to collect data. Through quantity methodology, we used Cronbach's Alpha, EFA and correlation analysis to determine the relationship between competitive advantage and dependent variable - financial performance. The results showed that the competitive advantage had a positive relationship with financial performance. There is not, statistically, significant difference in the level of financial performance in SMEs in Hanoi in terms of genders and between the mentioned three groups of job descriptions. From the findings, this study suggests several recommendations to improve financial performance such as increase sales and increase profits. The results are considered as a useful reference for establishing policies to attract customers toward sustainable development of firms.

Sustainable Industrial Value Creation in SMEs: A Comparison between Industry 4.0 and Made in China 2025

  • Muller, Julian M.;Voigt, Kai-Ingo
    • International Journal of Precision Engineering and Manufacturing-Green Technology
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    • v.5 no.5
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    • pp.659-670
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    • 2018
  • The Industrial Internet of Things (IIoT) confronts industrial manufactures with economic, ecological, as well as social benefits and challenges, referring to the Triple Bottom Line of sustainability. So far, research has mainly investigated its dimensions in isolation or economic aspects have not been compared with ecological and social perspectives. Further, research misses studies that are devoted to the special characteristics and requirements of Small and Medium-sized Enterprises (SMEs). This study aims to contribute to close this research gap, providing a research context that encompasses all three dimensions of sustainability. The results are based on data obtained from 329 SMEs, 222 in Germany and 107 in China, therefore allowing for a comparison of the concepts "Industrie 4.0" and "Made in China 2025" in the context of SMEs. In general, German SMEs expect a lower impact through "Industrie 4.0", perceiving the concept as more beneficial for larger enterprises. We further find that Chinese SMEs foremost see social benefits. Challenges whilst introducing "Industrie 4.0"by German SMEs as well as several frame conditions are perceived more relevant than for "Made in China 2025", as seen by Chinese SMEs. The paper closes with implications for research and practice based on these findings.

Network Cooperation, Innovation, Internationalization and Economic Performance of SMEs: An Exploratory Study

  • Singh, Rashmeet;Subrahmanya, MH Bala
    • Asian Journal of Innovation and Policy
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    • v.7 no.3
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    • pp.461-488
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    • 2018
  • This paper explores the relationship between network cooperation, innovation, internationalization and economic performance of manufacturing small and medium enterprises (SMEs) of engineering goods industry located in Bangalore city, India. At the outset, it is observed that SMEs receive the maximum assistance in the realm of product specifications. Moreover, they do not resort to manufacturing new products as much as they resort to product modifications or process improvements. Further, it is found (using Chi-square test of independence) that higher the network assistance received from an external network, greater is the innovation performance of SMEs. Subsequently, using analysis of variance (ANOVA), export intensity (proxy for internationalization performance) of SMEs is found to have a significant positive association with both the degree of their network cooperation and of their innovation performance. Lastly, it is observed that higher the degree of each of network cooperation, innovation performance and internationalization performance, better is the economic performance (measured by total sales turnover) of SMEs. These results have significant implications for the policy makers of the country to give due attention to network cooperation, innovation and internationalization as the means of enhancing the economic performance of SMEs.

Effect of Managerial Skills on the Performance of Small- and Medium-Sized Enterprises: A Case Study in Pakistan

  • AHMAD, Israr;AHMAD, Shuhymee Bin
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.161-170
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    • 2021
  • The study aims to investigate the mediating effect of strategic planning on the relationship between managerial skills and the performance of small- and medium-sized enterprises (SMEs) in Punjab, Pakistan. Stratified proportionate probability sample method was used to select the 265 SMEs. The study applied a structural equation model (SEM) to analyze the proposed research hypotheses by using PLS-SEM. This research examines the direct and indirect effects of strategic planning on the performance of SMEs using the SEM test. The results indicate the positive effect of managerial skills on SMEs' performance and also suggested that strategic planning mediates the relationship between managerial skills and SMEs' performance. In addition, the role of managerial skills on the usage of the company's resources is highly influential through strategic planning. Strategic planning has been found to impact significantly and positively on the relationship between managerial skills and performance of SMEs in Punjab, Pakistan. The findings suggested that, in devising appropriate strategies for SMEs, the effect of managerial skills on the utilization of the firm's resources can be more effective to the firm's performance. In short, the utilization of a firm's resources through a proper planning is more essential for the sustainability of SMEs.

The Effect of Entrepreneurial Orientation on New Product Performance of Korean Exporting SMEs: The Moderating Role of Technological Uncertainty

  • LEE, Youngwoo;CHO, Youngsam
    • East Asian Journal of Business Economics (EAJBE)
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    • v.10 no.3
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    • pp.17-26
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    • 2022
  • Purpose - In this paper, we aim to analyze to what extent entrepreneurial orientation (EO) can help overcome Korean SMEs' liabilities of foreignness in overseas markets. In this end, we examined three sub-dimensions of EO (proactiveness, innovativeness, risk-taking) and examine their individual effects on NPD performance of exporting SMEs. Research design, data, and methodology - We collected survey questionnaires from Korean exporting SMEs that are certified with Inno-biz by the Korean Ministry of SMEs and Startups. The collected data was analyzed using SPSS 26 and AMOS to create an integrated model. Result - As a result of the analysis, we found that proactiveness and innovativeness dimension of EO have positive effect on new product performance of exporting SMEs. Furthermore, technological uncertainty has negative moderating effect between innovativeness and new product performance of SMEs. Conclusion - While proactive attitude and innovativeness of EO positively affected the performance of new products of SMEs, the tendency to take risks and pursue opportunities with bold behaviors did not have a positive effect on NPD performance in foreign nations.

Insulating Properties between Cryocooler and Magnet for the Conduction-Cooled HTS SMES System (전도냉각형 고온초전도 SMES의 냉동기와 마그네트 간의 절연 특성)

  • Choi Jae-Hyeong;Kwag Dong-Soon;Cheon Hyeon-Gweon;Kim Hae-Jong;Seong Ki-Chul;Kim Sang-Hyun
    • Progress in Superconductivity and Cryogenics
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    • v.8 no.3
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    • pp.45-48
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    • 2006
  • The conduction-cooled HTS SMES is operated in cryogenic and high vacuum condition. Thus. Insulation design at cryogenic temperature and high vacuum is a key and an important element that should be established to accomplish compact design is a big advantage of HTS SMES. However, the behaviors of insulators for cryogenic conditions in vacuum are virtually unknown. Therefore, active research and development of insulation concerning application of the conduction cooled HTS SMES was needed. In this study, the insulation characteristics at experimented high vacuum and cryogenic similar to running condition of SMES system. Also, investigated about insulation characteristics of suitable some materials to insulator for conduction-cooled HTS SMES. As these results. the basis data was obtained for insulation materials selection and insulation design for development of 600kJ class conduction-cooled HTS SMES.