• Title/Summary/Keyword: Small And Medium Enterprises (SMEs)

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Determinants of the Competitiveness of Women-Owned Small- and Medium-Sized Enterprises: An Empirical Study from Vietnam

  • DAO, Tien Ngoc;LE, Ha Thi Thu;CHU, Phuong Thi Mai;PHAM, Ngan Hoang;LUONG, Trang Thi Dai;TRAN, Dung Tri
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.12
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    • pp.345-352
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    • 2021
  • Guided by a resource-based theory, this study is the first one that takes a quantitative approach to identify determinants of competitiveness of women-owned small and medium enterprises (SMEs) in Vietnam. The study employs time series data of Vietnamese SMEs extracted from the Vietnam Small and Medium Enterprises Survey conducted biennially from 2005 to 2015 in ten Vietnamese provinces. Firm competitiveness hereby is indicated by revenue, market share, profitability, and export volume. The research reveals a number of determining factors, of all, research and development, labor skills, business environment, technology investment are the most important factors, followed by capital and headcount. It is indicated that the determining factors have different influences on competitiveness obtained by different measurements. Therefore, it is based on specific targets and situations to make wise business decisions. The authors also make comparisons among groups of women-owned enterprises divided by their firm age, location, ownership, export, age, and educational background of business owners. The findings serve as critical empirical evidence and provide policy recommendations for improving the competitiveness of women-owned SMEs in Vietnam. The recommendations range from technology support, education and professional support for female entrepreneurs, access to capital and human resources to business environment improvement.

Determinants of Software-as-a-Service Adoption Intention Among Small and Medium-sized Korean Firms (중소기업의 Software-as-a-Service 도입의도 결정요인 연구)

  • Kim, Sung-Hyun;Jang, Si-Young
    • Korean Management Science Review
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    • v.30 no.2
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    • pp.11-30
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    • 2013
  • Small and medium-sized enterprises (SMEs) constitute an important part of current industrial economies. Information technologies can be useful strategic weapons for SMEs by enhancing their competitiveness. Categorized as one kind of cloud computing, SaaS is a computing resource and software sharing model which can be accessed via the Internet. Based on virtualization technology, SaaS is expected to improve the efficiency and quality of the IT service level in SMEs. This study attempts to identify the determinants of SaaS adoption intention among Korean SMEs. Through the lens of the theory of planned behavior, this study adopts technological, organizational, environmental factors to explore the determinants of cloud computing adoption intention. The research population is the SMEs that have been funded by the Korean government. Partial least square method was used for empirical analysis of 190 samples collected through on-line survey. The results show that the positive attitude is influenced by business process improvements. Vender support and top management support are positively associated with subjective norm. Vendor support, top management support can relieve perceived behavior control factors. Government support directly influences adoption intention of cloud computing. These findings can provide useful strategy for both SMEs and vendors of SaaS.

A study on the Factors Influencing Adoption of Information System in Small and Medium sized Enterprises(SMEs) (중소기업의 정보화 솔루션 도입시 영향 요인에 관한 연구)

  • Jo, Nam-Jae;Jeong, Jin-Gwan
    • 한국디지털정책학회:학술대회논문집
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    • 2005.06a
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    • pp.401-411
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    • 2005
  • The major market of Information Systems has been large companies. But with the rapid development of light weight Information Technology, the importance of SME (Small and Medium sized Enterprise) sector has increased dramatically. Many solutions have appeared in market for SMEs. Although there are many differences in the context of IT use between large companies and SMEs, not many studies has focused on this point. This study analyzes the preference for ERP, SCM, CRM, etc. by SMEs.

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Design and Implementation of an LLM system to Improve Response Time for SMEs Technology Credit Evaluation

  • Sungwook Yoon
    • International journal of advanced smart convergence
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    • v.12 no.3
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    • pp.51-60
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    • 2023
  • This study focuses on the design of a GPT-based system for relatively rapid technology credit assessment of SMEs. This system addresses the limitations of traditional time-consuming evaluation methods and proposes a GPT-based model to comprehensively evaluate the technological capabilities of SMEs. This model fine-tunes the GPT model to perform fast technical credit assessment on SME-specific text data. Also, It presents a system that automates technical credit evaluation of SMEs using GPT and LLM-based chatbot technology. This system relatively shortens the time required for technology credit evaluation of small and medium-sized enterprises compared to existing methods. This model quickly assesses the reliability of the technology in terms of usability of the base model.

Analysis on the Effects of the Informatization Level on SMEs through Count Data Model (Count Data Model을 이용한 중소기업의 정보화 효과 분석)

  • Hwang, Soon Hwan
    • Journal of Information Technology Services
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    • v.3 no.1
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    • pp.5-20
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    • 2004
  • It has been known generally that investment in the extending ability to use the IT applications have further enhanced the productivity of effects of IT on firms by reducing costs, increasing returns, and increasing the speed of operations, etc. Notwithstanding this fact, it was very complex and difficult to evaluate concretely the effect of informatization of firm. SMEs(Small- & Medium-sized Enterprises) in particular. In this study, I point out the weakness of SMEs and analyze the effects of informatization through the count data model. For this analysis, I separate the effects into two part, such as organizational effect and personal effect. It comes to conclusion that organizational effect is larger than personal effect and the ability to practical use of IT systems is most efficient item related with informatization level. Since it will be important to cencentrate on raising this ability for heightening the competitiveness of SMEs.

Practical Goals and Approaches for the Informatization of Small and Medium Enterprises (중소기업 정보화의 실제적 목표와 접근)

  • Bae, Sang-Yun
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.28 no.4
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    • pp.41-47
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    • 2005
  • This paper presents the practical goals and approaches to drive forward informatization of small and medium enterprises(SMES). The presented goals such as productivity, duedate, production cost, and quality measurements are used effectively in the previous diagnosis and the post evaluation for the business of the informatization. As the practical approaches to improve these goals, This study considers the importance of balancing, sequencing, and scheduling. These methods ease the congestion of production sites of SMES with insufficient competitiveness and can contribute to the promotion of informatization that improves productivity and cuts down the cost of production effectively.

The Financial Aids of the UK National Government for Promoting Small & Medium sized Enterprises' Growth and Investment (영국 중앙정부의 중소기업 육성을 위한 재정.금융 지원)

  • Byun, Pill-Sung
    • Journal of the Economic Geographical Society of Korea
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    • v.12 no.1
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    • pp.111-121
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    • 2009
  • This paper explores the financial aids for promoting businesses' growth and investment which the UK national government has implemented as a policy instrument for regional development. Especially, this work focuses on Small Firms Loan Guarantee, Community Investment Tax Relief for individuals and corporate bodies, and government-backed venture capital funds, all of which belong to the policy measures which pursue the growth of small and medium sized enterprises (SMEs) in UK. Concerning the promotion of SMEs' growth, I also discuss the policy implications of such measures for the Korean context.

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A Business Model of Small and Medium-Sized Enterprises: A Case Study of the Textile and Clothing Industry in Thailand

  • SAWATENARAKUL, Natha;ROOPSING, Taweesak
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.151-160
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    • 2021
  • The purposes of this research were: 1) to analyze the confirmatory factors with the business operational model of entrepreneurs of small and medium enterprises (SMEs) in the textile and clothing industry, and 2) to verify the congruence of the model with the operational ways of the entrepreneurs of SMEs in the textile and clothing industry. The sample consisted of 500 small and medium enterprise entrepreneurs in the textile and clothing industry. This study was quantitative research and the instrument used to collect the data was a questionnaire. The data was analyzed using 1st order and 2nd order of confirmatory analysis (CFA). The findings of this research revealed that the model of SMEs in the textile and clothing industry was overall at a high level. Four main factors were used for the model of SMEs in the textile and clothing industry by their importance in descending order as follows: marketing mix (MM), collaboration network (CN), production inventory management (PIM), and creativity (CT). The results of verification of model congruence revealed the model of SMEs in the textile and clothing industry was fit and in accordance with the empirical data.

Factors Affecting Business Performance of Women-Owned Small and Medium Enterprises in Vietnam: A Quantitative Study

  • LE, Thi Nuong;LE, Quang Hieu;NGUYEN, Thi Loan
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.7
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    • pp.123-133
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    • 2022
  • This paper explores the key factors influencing the business performance of enterprises, specifically women-owned small and medium enterprises (SMEs) in Vietnam. The extant literature on factors affecting the business performance of women-owned SMEs in Vietnam is still quite scarce. The researchers used a self-administered questionnaire to achieve a sample of 265 female SME owners in Vietnam to find these factors. The obtained data was analyzed by using SPSS 20.0. Cronbach's α test and factor analysis have been carried out to test the reliability of data and validate the hypothesis. The results showed that these enterprises' performances had a significant positive relationship with the business management competencies of the directors of the business, quality of human resources, financial access, socio-cultural factors, and government policy. Also, the study showed no relationship between the enterprise's business network and business performance. The results suggest that female business owners should improve their business management capacity, focusing on training activities to improve the quality of human resources of enterprises. The Government needs policies to support small and medium enterprises in accessing financial and other resources and propagate to reduce gender stereotypes.