• Title/Summary/Keyword: Small Medium Enterprises

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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.

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.

An e-Business Strategy for Small and Medium-sized Enterprises and Case Studies (중소기업 정보화 추진 전략과 적용 사례)

  • 김은홍;서정우;안성만;장성봉
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2003.11a
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    • pp.219-222
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    • 2003
  • This paper is to propose e-business strategies for individual SME's(small and medium-sized enterprises). e-business maturity model is used to assess e-business maturity level of a target SME, and then corresponding e-business strategy is proposed based on the current maturity level. We studied two SME's to show how it works. Most SME's are small and do not have enough resources to invest on information systems. As it turns out, e-business strategies of SME should heavily depend on its relationship with customers and suppliers. One of the studied SME's is found to be in higher maturity level, because its manufacturing system is tightly related to its customer. One of major implications of this study is that e-business level of SME's should be upgraded considering how it is doing business with its customers and suppliers.

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A Study on the Development of a Compact Gun Drill Machine (소형 Gun Drill Machine 개발에 관한 연구)

  • Oh, Jin-Soo;Kang, Dong-Myeong;Park, Kwang-Hoon;Namkoong, Chai-Kwan;Woo, Chang-Ki
    • Transactions of the Korean Society of Machine Tool Engineers
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    • v.16 no.4
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    • pp.58-63
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    • 2007
  • A compact gun drill machine was developed to improve productivity and economical efficiency for small and medium enterprise tool makers. Gun drilling works are mainly using at molding, automobile, aircraft industry and special tool makers to make deep holes. As gun drill machines are very expensive and big burden for small tool makers, so that works used to execute through outside orders but it was required lot of cost too. Most of gun drill machines are providing for high volume and large capacity enterprises. In order to use for small and medium enterprises that compact gun drill machine was designed and developed. It could be improved product quality, productivity and manufacturing cost for small and medium enterprises by using this machine.

A Study on Implementation Method of ECM-based Electronic Document Leakage Prevention System through Security Area Location Information Management (보안구역 위치정보 관리를 통한 ECM기반 전자문서유출방지 시스템 구현방안 연구)

  • Yoo, Gab-Sang;Cho, Seung-Yeon;Hwang, In-Tae
    • Journal of Information Technology Services
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    • v.19 no.2
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    • pp.83-92
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    • 2020
  • The current technology drain at small and medium-sized enterprises in Korea is very serious. According to the National Intelligence Service's survey data, 69 percent of technology leaks are made through employees of small and medium-sized enterprises. A document security system was introduced to compensate for the problem. However, small and medium-sized enterprises are not doing well due to their poor environment. Therefore, it proposes a document security system suitable for small businesses by developing a location information machine learning system that automatically creates a document security Green Zone through learning, and an ECM-based electronic document leakage prevention system that manages generated Green Zone information by reflecting it into the document authority system. And step by step, propose a universal solution through cloud services..

A Study on the Design Policy Reinforcing Korea's design Competitiveness - Focusing on Clusters System in Italia (우리나라의 디자인 경쟁력 강화를 위한 디자인정책 연구 - 이탈리아의 Clusters System을 중심으로)

  • 천정임;변추석
    • Archives of design research
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    • v.15 no.3
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    • pp.191-200
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    • 2002
  • In the 1980s, even though Italy faced economic depression, Italy (she), now, internationally became a strong nation with its best design by national unity and the developmental leap of industry through design. In Italy, especially, small and medium enterprises are accumulated by the same business in each area on the structure of a Cluster system. Italy has some characteristics that being the Italians' elastic way of management, family management and development of a consortium of small and medium enterprises, which have flexibility, imagination and decisiveness. We have to bring these intensified factors of design competitiveness to our country so that we should form the union in order to have a monopoly of specific enterprises based on the specialized technology of small and medium enterprises innovating the structure of a small quantity production having developmental flexibility. We also heighten the sense of designer and publics by achieving social opinion and cult! ural revival. Moreover, the mind of managers has to be changed more aggressively. Finally, the actual policy of design will be established and peformed, and design-company (enterprises) and the industrial economy will generally develop when we activate the structure of the industry centered on small and medium enterprises and design-related association that is united and participates in the establishment of design policy.

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The Effects of Policy Funds on the Investment and Management Stabilization Financing of Small- and Medium-sized Enterprises

  • Jinhwa Chung;Bohyun Kim;Seongman Moon
    • East Asian Economic Review
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    • v.27 no.4
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    • pp.347-376
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    • 2023
  • This study empirically examines the impacts of policy funds from three different aspects using data on Daegu city's local government loans. First, we estimate the influence of policy funds on mitigating financial constraints affecting the investment decisions of Small- and Medium-sized Enterprises (SMEs), yielding inconclusive results indicating no significant discernible effects of policy funds. Second, we scrutinize the ramifications of policy funds on enterprise's management stability, revealing that these funds contribute to stabilizing the operations of small-scale enterprises. Third, we explore whether policy funds engender an unintended consequence of bolstering distressed enterprises, presenting empirical evidence that suggests a delayed exit of such enterprises.

The Effect of Job Stress and Depression on Job Satisfaction among Workers in Small and Medium Sized Enterprises (중소기업 근로자의 직무스트레스와 우울이 직무만족에 미치는 효과)

  • Choi, Soo-Chan;Lee, Ji-Sun;Sim, Se-Yeon;Lee, Ji-Hye;Park, Ji-Hye
    • Journal of Convergence for Information Technology
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    • v.7 no.1
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    • pp.1-9
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    • 2017
  • This study is to verify the mediating effect of depression between job stress and job satisfaction among workers in small and medium sized enterprises. The survey was conducted to workers in small and medium sized enterprises, and 117 cases were finally applied. As results, job stress has significantly negative effect on job satisfaction and positive effect on depression. Depression also has partial mediating effect on between job stress and job satisfaction. We finally suggest that customized management system should be provided for the workers in small and medium-sized enterprises, and occupational welfare system, including employee assistance program (EAP), must be launched for these workers.

Factors Affecting the Outsourcing of Accounting Activities in Small and Medium Transport Enterprises in Vietnam

  • DANG, Thuy Anh;HO, My Hanh;HO, Thi Dieu Anh;NGUYEN, Thi Thanh Hoa
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.10
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    • pp.265-275
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    • 2022
  • In the current fast-growing market economy, the accounting-outsourcing trend of small and medium-sized enterprises is on the increase. Studies from both foreign and domestic sources have shown that many factors influence this decision. However, each country has different economic and political characteristics, so these factors and their degree of impact on accounting outsourcing also vary. This study aimed to determine the factors affecting the decision to outsource accounting activities of small and medium transport enterprises in Vietnam. A survey of 384 transport SMEs was conducted using the convenience sampling method. A personal interview with owners/managers/CFOs in 3 major cities of Vietnam based on a research review was conducted. The model examines the influence of many independent variables on accounting outsourcing. The multilinear regression analysis shows that the higher the Assets Specificity, the lower the degree of accounting outsourcing. In addition, the degree of outsourcing is positively and significantly related to frequency and trust in accountants. Besides, when we include control variables such as gender, administrative level, firm size, company age, education, and experience into the model. The results show that small and medium enterprises with limited resources should switch from the traditional internal accounting method to a professional accountant with external knowledge. Based on this study, the author proposes several implications for the accounting outsourcing of small and medium-sized transport enterprises in Vietnam to be more effective. Finally, this study also contributes to the basic knowledge of accounting outsourcing.

Risk Prediction Model of Legal Contract Based on Korean Machine Reading Comprehension (한국어 기계독해 기반 법률계약서 리스크 예측 모델)

  • Lee, Chi Hoon;Woo, Noh Ji;Jeong, Jae Hoon;Joo, Kyung Sik;Lee, Dong Hee
    • Journal of Information Technology Services
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    • v.20 no.1
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    • pp.131-143
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    • 2021
  • Commercial transactions, one of the pillars of the capitalist economy, are occurring countless times every day, especially small and medium-sized businesses. However, small and medium-sized enterprises are bound to be the legal underdogs in contracts for commercial transactions and do not receive legal support for contracts for fair and legitimate commercial transactions. When subcontracting contracts are concluded among small and medium-sized enterprises, 58.2% of them do not apply standard contracts and sign contracts that have not undergone legal review. In order to support small and medium-sized enterprises' fair and legitimate contracts, small and medium-sized enterprises can be protected from legal threats if they can reduce the risk of signing contracts by analyzing various risks in the contract and analyzing and informing them of toxic clauses and omitted contracts in advance. We propose a risk prediction model for the machine reading-based legal contract to minimize legal damage to small and medium-sized business owners in the legal blind spots. We have established our own set of legal questions and answers based on the legal data disclosed for the purpose of building a model specialized in legal contracts. Quantitative verification was carried out through indicators such as EM and F1 Score by applying pine tuning and hostile learning to pre-learned machine reading models. The highest F1 score was 87.93, with an EM value of 72.41.