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Article
Publication date: 17 April 2007

Shiaw‐Wen Tien, Yi‐Chan Chung, Chih‐Hung Tsai, Chia‐Hsiang Hsieh and Hung‐Hsi Chen

This research probes into the execution of small and medium‐sized enterprises’ value creativities by a difference analysis with different classifications, different…

Abstract

This research probes into the execution of small and medium‐sized enterprises’ value creativities by a difference analysis with different classifications, different capital, different turnover, different employees, and different established years. This study develop a questionnaire about value creativity with five dimensions and thirty‐five items according to “Valuation” by McKinsey and Company, Inc. and Copeland et al., such as: “Aspiration and target,” “Portfolio management,” “Organization design,” “Process management,” and “Business and individual performance management.” The results are as follows: (1) Most small and medium‐ sized enterprises (SMEs) have executed value creativities; (2) There is a difference in the execution of value creativities between the livelihood industry and the chemical industry; the execution of value creativities by livelihood industry is better than the chemical industry; (3) For value creativities of the execution of different capital and turnover for SMEs, bigger entities are better than smaller ones; (4) For the value creativities of the execution of different numbers of staff in SMEs, those with more staff are better than those with fewer staff; (5) For the value creativities of the execution of different established years for SMEs, those established longer are better than those established shorter.

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Asian Journal on Quality, vol. 8 no. 1
Type: Research Article
ISSN: 1598-2688

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Article
Publication date: 18 July 2008

Lorenzo Zanni, Barbara Aquilani and Michela Magliacani

The purpose of this paper is to examine the performance evolution of enterprises in Italian industrial districts. In particular, economic performance indicators are…

Abstract

Purpose

The purpose of this paper is to examine the performance evolution of enterprises in Italian industrial districts. In particular, economic performance indicators are analysed for Arezzo goldsmith enterprises, to highlight: differences in the goldsmith local systems performances; the role played by firm size in the evolution trajectories; and the emergence of a medium‐sized nucleus of firms with better performance.

Design/methodology/approach

The paper first conducts a brief literature review on medium‐sized firms in Italian industrial districts. Then it examines the economic‐financial indicators of 183 Arezzo goldsmith firms to evaluate firm performance in comparative terms both with other Italian industrial districts and with firm size. Finally it focuses its attention on 15 medium‐sized firms or groups, carrying out a statistical analysis by organizational model comparing the aggregate data of the Arezzo goldsmith district.

Findings

The results regarding the Arezzo experience show: a reduction of competitive capabilities compared with other industrial districts; considerable difficulties for both small enterprises and the historical large firm leader; and the emergence of a medium‐sized firm nucleus which seems better able to manage a changing competitive environment.

Research limitations/implications

The main implication for researchers and SME (small to medium‐sized enterprises) consultants is that the selection process currently in play among Italian industrial districts and local enterprises appears to reward only certain entrepreneurial categories. Findings of this exploratory study need future research both at an inter‐industry level and with international comparative analysis.

Originality/value

Medium‐size firms represent a new area of research on SMEs. Empirical evidence supports the research hypothesis.

Details

EuroMed Journal of Business, vol. 3 no. 2
Type: Research Article
ISSN: 1450-2194

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Article
Publication date: 2 March 2010

Qingxin Lan and Songxu Wu

The purpose of this paper is to develop a reliable and valid understanding of entrepreneurship and examine the relationships between small and medium‐sized Chinese…

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1953

Abstract

Purpose

The purpose of this paper is to develop a reliable and valid understanding of entrepreneurship and examine the relationships between small and medium‐sized Chinese manufacturing enterprises, the intensity of their entrepreneurial orientation and the degree of their internationalization. In addition, it examines whether entrepreneurial orientation would affect enterprises' internationalization strategies and their success.

Design/methodology/approach

The seven‐step procedure for scale development is used and survey data have been utilized to conduct statistical analysis.

Findings

The paper finds that entrepreneurial orientation is positively related to the degree of internationalization, particularly amongst the small and medium‐sized Chinese manufacturing enterprises. The international experiences of enterprises have significant importance and positively affect the degree of their internationalization. In addition, the degree of their success depends greatly on their attitudes towards risk taking, their ability to diversify internationally and successfully compete with those already established in the market.

Originality/value

A lot of studies have been conducted on entrepreneurship and entrepreneurial orientation. However, few people have ever studied the relation between the degree of entrepreneurial orientation and internationalization. Empirical studies on the correlations between entrepreneurial orientation and firm performance are not abundant in China. Furthermore, very few researches on the correlations between entrepreneurial orientation and internationalization have been conducted. The research presented in this paper is intended to bridge this gap. Through empirical analyses of their relationships, this paper shows how entrepreneurial strategies can stimulate competitive advantages and drive forward the international developments of the Chinese enterprises, particularly the small and medium‐sized.

Details

Journal of Chinese Entrepreneurship, vol. 2 no. 1
Type: Research Article
ISSN: 1756-1396

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Article
Publication date: 27 April 2010

Suzanne Richbell, László Szerb and Zsuzsanna Vitai

This paper aims to provide an original picture of a selection of human resource management (HRM) activities in the micro, small and medium sized enterprises (SMEs) in…

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2928

Abstract

Purpose

This paper aims to provide an original picture of a selection of human resource management (HRM) activities in the micro, small and medium sized enterprises (SMEs) in Hungary and to explore the extent to which these activities can be related to variations in firm size and variations in firm performance.

Design/methodology/approach

The study measures the presence or absence of a selection of HRM activities through a questionnaire survey of a large sample of 678 Hungarian SMEs.

Findings

Hungarian SMEs, in their working relationships, are closer to the “happy family” model of the SME than the “bleak house” model. Employee morale was perceived as high and only one in ten SMEs felt their employees were opposed to change. Owners were reluctant to seek advice from those outside the firm. They also showed reluctance to discuss future plans with their employees although they did tend to consult employees who would be affected directly by any change. Communication within SMEs was predominantly informal. Surprisingly, given the skills shortages highlighted by SMEs in other economies, very few of the Hungarian SMEs identified skills shortages as a problem and formal training programmes were reported only rarely. Variations between micro, small and medium sized firms are highlighted to emphasize the heterogeneous nature of the Hungarian SME sector.

Research limitations/implications

The HRM activities considered provide a picture of only a small number of HRM activities in Hungarian SMEs but the findings imply the relationships examined here are deserving of further exploration both in Hungary and other transition economies.

Originality/value

The paper provides a detailed picture of selected aspects of HRM in smaller businesses within a transition economy.

Details

Employee Relations, vol. 32 no. 3
Type: Research Article
ISSN: 0142-5455

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Book part
Publication date: 4 January 2014

Rob van Tulder and Andrea da Rosa

This chapter presents an exploratory study aiming at understanding how the largest multinational enterprises (MNEs) engage small- and medium-sized enterprises (SMEs) in…

Abstract

Purpose

This chapter presents an exploratory study aiming at understanding how the largest multinational enterprises (MNEs) engage small- and medium-sized enterprises (SMEs) in their (inclusive) business strategies, either as suppliers, distributors, customers, innovators or as a target of their (Corporate Social Responsibility) CSR policies.

Methodology/approach

We explore the implicit or explicit strategies of 100 largest companies in the world towards SMEs as mentioned in their annual and CSR reports. This approach takes in particular stock of the ‘narratives’ developed by MNEs as an expression of their intended and (perceived) realised strategies.

Findings

The analysis of company statements show a country of origin effect in that European firms are clearly amongst the leaders in experimenting with inclusive business strategies that include SMEs. However, their number still remains limited. Sectors like banking and retail have developed the most interesting examples that are also spread over a large number of functions.

Originality and value

Although the results are not yet very radical, the developed taxonomy for the different types of approaches in which MNEs take a more or less active position towards SMES provides material for further studies. It can be applied in studying leading (better-practice) cases in order to help policy makers and business strategists to develop better business models for inclusive growth.

Details

International Business and Sustainable Development
Type: Book
ISBN: 978-1-78190-990-4

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Article
Publication date: 24 October 2008

Xuedong Ding, Jun Li and Jia Wang

This paper intends to examine the change of R&D fiscal policies in China since 1978 and its impact on China's drive to become an innovation‐oriented country.

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2406

Abstract

Purpose

This paper intends to examine the change of R&D fiscal policies in China since 1978 and its impact on China's drive to become an innovation‐oriented country.

Design/methodology/approach

This paper adopts an archive approach and undertakes an overview of the policy changes and their implications.

Findings

It is found that policy changes have gradually made enterprises the focal point of the national innovation system and that correspondingly a new financial and fiscal mechanism has been created to create incentives for innovation in firms.

Originality/value

This paper provides a comprehensive overview of the changing financial and fiscal policies in support of technological innovation in China.

Details

Journal of Small Business and Enterprise Development, vol. 15 no. 4
Type: Research Article
ISSN: 1462-6004

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Article
Publication date: 10 July 2017

Ricardo Vinícius Dias Jordão and Jorge Casas Novas

The purpose of this paper is to propose a theoretical-conceptual model supporting the analysis of the effects of small- and medium-sized enterprises (SMEs) networks on…

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1773

Abstract

Purpose

The purpose of this paper is to propose a theoretical-conceptual model supporting the analysis of the effects of small- and medium-sized enterprises (SMEs) networks on knowledge management (KM) and intellectual capital (IC).

Design/methodology/approach

The paper reviews literature on KM, IC and networks theories. The role of SMEs networks on KM and IC was discussed, analysing previous studies that supported the proposition of the model in question. In such model SMEs networks are seen as knowledge networks which are analysed in terms of the network formation process, the context, the strategy, the organisational culture and the stimuli for the sharing of knowledge. KM is observed in terms of knowledge creation, systematisation and sharing. Finally, IC encompasses human capital, structural capital and relational capital. It is noteworthy that KM and IC were considered deeply and closely related.

Findings

The conclusions obtained help to fill an important gap in the management, accounting, KM and IC literature, showing that the processes of creating, acquiring, maintaining, systematising and sharing information and knowledge and IC generation in SMEs networks can be influenced by the network formation process, by the organisational context, as well as by the strategy, organisational culture and stimuli to sharing knowledge.

Research limitations/implications

The paper provides a theoretical contribution by increasing understanding of the effect of SMEs networks on KM and IC practices – an understanding still at the early stages in the literature. Moreover, the originality of the model proposed extends the relevance of this research, as the literature does not contain a sufficiently established and tested approach that simultaneously provides a clear view of the relations between SMEs, networks, KM and IC, highlighting how SMEs can use networks as a strategy to achieve a more effective management of the knowledge assets forming IC. So, the paper offers several avenues for future research.

Practical implications

Based on previous empirical research, it was perceived that the original model presented in this paper is consistent, collaborating to improve management practice, providing a competitive benchmarking process. This can allow analysts, managers and other decision makers, by using SMEs networks to improve organisational performance, innovation, sustainability, competitiveness and value.

Originality/value

The paper presents an innovative theoretical-conceptual model focussed on the role of SMEs networks on KM and IC, indicating a strong link between the former and the latter in such enterprises in terms of performance, innovation, sustainability, competitiveness and value, an issue whose understanding, although quite relevant, is still incipient in the literature.

Details

Journal of Intellectual Capital, vol. 18 no. 3
Type: Research Article
ISSN: 1469-1930

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Article
Publication date: 17 February 2012

James W. Peltier and G.M. Naidu

The purpose of this paper is to investigate how social networks evolve as small business enterprises transition across the organizational lifecycle. It aims to give…

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3265

Abstract

Purpose

The purpose of this paper is to investigate how social networks evolve as small business enterprises transition across the organizational lifecycle. It aims to give attention to how social identities of small business owners impact social networks and whether social networks improve organizational performance in small firms.

Design/methodology/approach

A sample of small to medium‐sized enterprise (SME) owners employing less than 500 employees was drawn from the local directory of businesses in two Indian cities. A total of 297 SME owners participated in the study, for a response rate of 85.6 percent.

Findings

The findings show that social networks for small businesses change as firms transition from startup to growth and beyond. Personal networks were most important during startup, with other social networks growing in contact frequency and importance over time. The findings also show that small business owners can be classified along network preferences and that social networks lead superior performance.

Research limitations/implications

The study focused on a limited set of performance indices. Future research should assess a wider set of organizational metrics and should investigate granular aspects of transitional networks.

Practical implications

The findings suggest that small business owners cannot adhere to the status quo and must instead be willing to change business practices as their organizations evolve across the organizational lifecycle.

Originality/value

The study provides evidence that small business owners use different types of social networks and that the range and value of the strategic advice that they receive differ as their organization unfolds over time. The research contributes to the literature by showing that social networks and entrepreneurial learning practices are not static, and instead must be viewed in terms of dynamic decision making needs and processes.

Details

Journal of Small Business and Enterprise Development, vol. 19 no. 1
Type: Research Article
ISSN: 1462-6004

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Article
Publication date: 14 July 2021

Nimesh Salike, Yanghua Huang, Zhifeng Yin and Douglas Zhihua Zeng

This research examines the effects of firm ownership and size on innovation capability using data from the World Bank China Enterprise Survey (WBCES), which provides…

Abstract

Purpose

This research examines the effects of firm ownership and size on innovation capability using data from the World Bank China Enterprise Survey (WBCES), which provides directly measurable innovation-related variables. Key consideration is given to the role and innovation capability of state-owned enterprises (SOEs) compared with domestic and foreign private enterprises in the Chinese economy.

Design/methodology/approach

In its quest for technological self-reliance and a new developmental path, China is focusing on its enterprise innovation capability.

Findings

The findings suggest that SOEs and domestic private enterprises are similar in terms of innovation participation but differ in terms of innovation diversification, which implies ownership-specific innovative advantages. In general, the authors find that SOEs are more innovative with respect to processes innovation but less so with respect to product, management and promotion innovations. Foreign-owned enterprises are superior in all types of innovation except product innovation.

Research limitations/implications

The authors also find that size is an important determinant of innovation capability, with the effect varying depending on location and industry. Moreover, the joint effect of firm ownership and size on innovation declines with increasing size. These findings provide new insights into the evaluation of China's major policies.

Originality/value

This research examines the effects of ownership and size on enterprise innovation capability, using the WBCES (2013) data, which include direct measurable innovation related variables.

Details

China Finance Review International, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2044-1398

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Article
Publication date: 1 January 1999

Keith Griffin

The economic, social and demographic consequences of the transition from central planning to a more market‐oriented system in Kazakstan have been severe. The causes of the…

Abstract

The economic, social and demographic consequences of the transition from central planning to a more market‐oriented system in Kazakstan have been severe. The causes of the calamity are analyzed in this paper and the effects on human development of a poorly formulated transition strategy are documented. A revised strategy is then suggested which focuses on: macroeconomic stabilization; policies to increase the rate of investment; the creation of an appropriate incentive structure; the promotion of small and medium enterprises; a guaranteed jobs scheme on a public investment programme; and the provision of social protection services to cope with residual poverty.

Details

International Journal of Social Economics, vol. 26 no. 1/2/3
Type: Research Article
ISSN: 0306-8293

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