• Title/Summary/Keyword: Small and Medium-Size Enterprise

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The Impact of Financial Management Practices on Growth of Small and Medium Enterprise in MOGADISHU

  • Mohamud, Isse Abdikadir;Mohamed, Abdisalan
    • East Asian Journal of Business Economics (EAJBE)
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    • v.4 no.3
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    • pp.25-30
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    • 2016
  • Small and Medium enterprises (SMEs) make important contributions to economic and social development of the country. The aim of this study was to determine the extent of financial management practices employed by the SME's and their effect on growth. This study was conducted quantitatively through descriptive research design; the data was collected from sample size of 120 of some SMEs operate in Mogadishu. Used questionnaire as data collection tool, the data analysis was done by using the statistical package SPSS version16, the data analyzed and presented by calculation, determining frequency, percentages, mean and standard deviation. Therefore the researchers found result revealed that extent of financial management is low among small and medium enterprises and also, that the financial management is significantly influence on the on growth of small and medium enterprises in Mogadishu Somalia. Furthermore the findings revealed that the cash management, accounts receivable and inventory management are low among SME. Also that most of the selected SME don not make financial plan to their business, at the end that most of the selected SME don not have formal accounting information system to their business.

Customized ERP System: An Alternative Solution for Small and Medium Business Firms

  • Kim, Gyu-C.;Kim, Sang-W.
    • Journal of Korea Society of Industrial Information Systems
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    • v.15 no.5
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    • pp.287-298
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    • 2010
  • As business needs are accelerating exponentially due to globalization and other market forces, companies regardless of its size need data which can operate flexibly and rapidly across disappearing physical and organizational borders. To meet the growing Enterprise Resource Planning [ERP] needs for small and medium sized firms, large ERP vendors have introduced new and inexpensive products to these markets. They can customize to businesses of all sizes as long as they have the need for the services and the budget to support the system. Based on the observations in this research, most ERP vendors, regardless of their size, are now focusing more on improving the implementation curve and reporting capabilities through compartmentalizing business applications along industry verticals. Also ERP systems are becoming more open thereby consultants and subject matter experts now have the opportunity to create modules based upon verticals to form a best-of-breed ERP implementation. of enterprises.

A IOCP-based Server for Product Information Management System of Small and Medium Size Manufacturing Companies (중소 제조업체의 생산정보 관리시스템을 위한 IOCP 기반 서버)

  • Rim, Seong-Rak;Song, Ki-Seok
    • Journal of Information Technology Applications and Management
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    • v.14 no.4
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    • pp.31-41
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    • 2007
  • In order to keep global competitiveness, most of small and medium size manufacturing companies require to equip a product information management system which collects and analyzes the data generated at the manufacturing lines and then provides information for manager or worker to make a decision. However, these companies have a cost problem for adopting the enterprise resource planning system mostly used in large companies. To overcome this problem, we suggest an IOCP-based server for the product information management system suitable for small and medium size manufacturing companies. The basic concept of suggested server is that it is possible to process concurrently the connection requests coming from data collector and client by using the facility of asynchronous notification of OS and protect a server against overload by using the thread pool.

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The Impact of Buyers' Sharing Activities of Knowledge, Cost and Information on Suppliers' Sharing Activities and Trust in Supply Chain : Focusing on the Mediating Effect of Trust (공급망에서 구매업체의 지식, 원가, 정보공유 활동이 공급업체의 공유활동과 신뢰에 미치는 영향 : 신뢰의 매개효과를 중심으로)

  • Lee, Jung Seung;Kim, Myung Kook;Kim, Soo Kyung
    • Journal of Information Technology Applications and Management
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    • v.24 no.2
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    • pp.25-37
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    • 2017
  • The aim of this study is to analyze the effect of the growing activities of large purchasing enterprises on the trust of small and medium size contractors, which is mediated by 'purchase accompany activity'. This subject study includes the first and second contractor companies in Korea. The results of this study are as follow. First, the knowledge and cost price sharing activities of major purchase vendor with cooperative company had a positive effect on the trust of cooperative company, however this was not so with the information sharing activities in that case. Second, the trust of contractors on large purchasing enterprises was positively influenced by sharing activities with purchasing activities of major company. Third, the knowledge and cost price sharing activities of purchasing enterprise with contractors on the sharing activities were mediated by the trust of contracting company on the large purchase enterprise. According to this study, the mediated effect of trust relationship can influence a contracting company. Whereas preceding studies of sharing activities were conducted about unidirectional instruct of large purchase enterprises to small and medium size contracting companies, this study was conducted on bidirectional effects, which included knowledge, cost price, information sharing activities between contracting companies and large purchasing enterprises. Conclusively, this study showed the possibility of spreading cognitive and change about mutual benefits strategy between small and medium size contracting company and large purchasing enterprise.

Determinants of Micro-, Small- and Medium-Sized Enterprise Loans by Commercial Banks in Indonesia

  • YUDARUDDIN, Rizky
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.19-30
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    • 2020
  • This paper investigates, in a single equation framework, the effect of bank-specific and macroeconomic determinants on micro-, small- and medium-sized loans by commercial banks in Indonesia. This study uses a sample of 790 observations from 79 commercial banks in Indonesia over the years 2006-2015. This study uses two estimation methods for our panel regressions: static and dynamic generalized method of moments (GMM) panel estimator. In static relationships, the literature usually uses the least square methods on fixed effects (FE) or random effects (RE). I found evidence that all banks, bank profitability and size are positively and significantly related to micro-, small- and medium-sized loans, while the coefficients of liquidity are significantly positive in all specifications, except government banks which is significantly negative. The relationship between risk and credit growth is negative for non-government banks. All estimated equations show that the effect of the capital variable on lending banks to MSMEs is not important in government banks and non-government banks. Finally, macroeconomic variables, such as inflation and gross domestic product, clearly affect the lending of the banking sector particularly non-state banks. The findings have several policy implications to Indonesia government, regulatory authority and bank managers in order to improve bank profitability through bank lending.

Development of C-TPM Model for Small and Medium Size Enterprise (중소기업에 적합한 C-TPM 모델 개발)

  • Choi, Moo-Ho;Ree, Sang-Bok
    • Proceedings of the Korean Society for Quality Management Conference
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    • 2010.04a
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    • pp.390-401
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    • 2010
  • In this paper, we wish to develop suitable TPM Model (C-TPM) in Korea's medium and small enterprises. TPM technique was informed well and there are a lot of success instances but there was problem that is not fitness in medium and small enterprises. In this study, we propose C-TPM model in medium and small enterprises by examining TPM success example variously. This model construction constructed based on medium and small enterprises field supervision and experience, and verification of model is assignment late.

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The Contribution of Small and Medium-Sized Enterprises in the Economic Growth of the Southeast Region of Vietnam

  • PHAM, Thanh Van;NGUYEN, Van Luan;NGUYEN, Thi Lai;PHAN, Thi Thu
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.9
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    • pp.155-163
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    • 2021
  • This research was conducted to check the impact of factors related to the small and medium-sized enterprises (SME) on the economic growth in the Southeast region of Vietnam, over the years from 1996-2019. This paper applies a combination of FEM, DKSE, GMM, and RIDGE-FEM regression methods to estimate the influence of independent variables on the economic growth of the whole Southeast region with the panel data collected from GSO; and applying the OLS regression model for each province. The study finds that all variables have a statistically significant positive impact on the economic growth of the study area. Accordingly, the importance of the variables is in the following order: (1) the proportion of workers by professional and technical qualification (SMEH), (2) the number of vocational training schools (LnTSCH), and educational level of workers (LnSchool), (3) the number of SME enterprises (LnSME); (4) The average number of years in the schooling of employees in the enterprise (LnSchool); (5) Enterprise capital (LnCAP); and (6) the average number of employees of SME (LnSMER). The research results also show that factors related to the quality of labor resources have a more positive influence on growth than both the labor size and financial capital of SMEs.

A Survey on Management of the Foodservice Industry in Seoul following the Size of Feeding Group (급식규모에 따른 산업체 급식소의 운영실태 조사)

  • 이윤경
    • Journal of the Korean Home Economics Association
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    • v.33 no.2
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    • pp.151-157
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    • 1995
  • This is a study on types of foodservice system, the menu, role of the Dietitian, management of the facilities and utensil through the survey conducted at 105 enterprises located in Seoul industrial foodservices which were evenly divided into three groups ; large size of feeding group, medium size of feeding group, small size of feeding group. The sresults are below, 1. Most institutional foodservice was enterprise under direct management. 2. Selective menu was set for the large size of feeding group than small size of feeding group. At budget making, personal management and purchansing management, the dietition role was not important in the large size of feeding group than in the small size of feeding group. 3. Equipped rate of facilities and utensil were greater volume for the large size of feeding group.

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Performance Analysis of IT Enterprise for the New-growth System Construction (IT기업의 신성장 체계 구축을 위한 성과분석)

  • Kim Yoon-ho;Kang Hee-jo;Park Kyong-ryol
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.8 no.8
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    • pp.1796-1801
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    • 2004
  • IT Technology Paradigm Sift from hardware, software, networking to digital contents. In year 2001, IT small and medium size manufacture occupied 3.8% of gross domestic product(GDP). In the mean time, owing to the acceleration of global competition in information and communication technology, life cycle is reduced and global M&A is increased. The aim of this research is to analyze the performance of potential small and medium sized IT enterprise which can be adapt the change of new paradigm. and Also to work out a program of government's supports plan. Finally, It is to study a better plan that promote a new shape enterprise, which aimed to reform the industrial system. Some kinds of investigation, namely, ground investigation as well as questionnaire are performed in order to analyze not only the results of potential small and medium sized IT enterprise but also it's promoting plans.

A Study on the Cultivation of the Small-Medium Size Corporate Culture (계획적 중소기업문화의 조성에 관한 연구)

  • 이원희
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.33
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    • pp.55-61
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    • 1995
  • The corporate culture contributes much to the approach to the management problems as well as to the view to see the problems in the light of the multiplying-enterprise environment. In comparision with the large size corporates, the small-medium size corporates under various disadvantage conditions increase to the high achievement through the development of corporate culture, though the period and method to root in the corporate culture differ from one another depending on the situations. The purpose of this paper is to propose the owner's intention and efforts, the development of the corporate culture helpful for the long-run achievement, the cultural network and the member's role which prove to be effective method to root in the corporate culture.

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