Analysis of Challenges and Opportunities for Vietnamese SMEs in the Globalization

Journal of Business Management and Economic Research, Journal Year: 2020, Volume and Issue: 4(2), P. 169 - 185

Published: April 1, 2020

SMEs play a vital role in Vietnamʹs economy and society development.However, when wanting to operate within the global market, there are many advantages disadvantages not only for larger corporations as well Vietnamese SMEs.When conducting business Vietnam is high competition with other international corporations.Vietnamese have change/ innovate their thinking towards management capacity catch up maintain competitiveness market.Therefore, this empirical study will analysis of challenges opportunities SMEs.The methods conduct based on secondary data give some key solutions support survive develop sustainably integration stage.

Language: Английский

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A sustainable business strategy framework for small and medium enterprises

Acta Commercii, Journal Year: 2022, Volume and Issue: 22(1)

Published: July 19, 2022

Orientation: Business sustainability in today’s world is primarily arduous owing to global economic and financial crises. In the first quarter of 2019, according Statistics South Africa, Gross Domestic Product deteriorated by 3.2%. Similarly, KwaZulu-Natal, state small medium enterprises (SMEs) was on decline majority (75%) SMEs failed after operating for 3 years.Research purpose: To formulate a business strategy assist achieve sustainability.Motivation study: Small KwaZulu-Natal do not sustain themselves long-term periods, underlying problem being poor formulation hence, need sustainability.Research design, approach method: A mixed methodology used this empirical study. target population 488 000 SME’s were considered with sample size 384 expected respondents. total 200 responses ( 52% size) obtained from questionnaire within capped period 30 days. The Social Package Sciences software quantitative aspect. particular cross tabulations, central tendencies, group difference techniques analyse data. addition, grounded theory employed 20 individuals who interviewed investigate opinions towards development KZN NVivo qualitative aspect.Main findings: core element ‘Strategy’ sub-elements ‘Change’, ‘Purpose’ ‘Leadership’ investigated. It found that main contributors achieving sustainability. Furthermore, systems thinking model successfully indicate interdependencies purport goal Ultimately it ‘Strategy’, required ‘sustainable strategy’.Practical/managerial implications: Due cognisance should be taken leaders, perspectives ‘Leadership’, sustains business.Contribution/value-add: conceptual framework sustainable developed enterprises.

Language: Английский

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Applicability of theory of constraint in predicting Ghanaian SMEs investment decisions

JOURNAL OF INTERNATIONAL STUDIES, Journal Year: 2018, Volume and Issue: 11(2), P. 202 - 221

Published: June 30, 2018

This study investigated dimensions of SME's constraints and decisions to Invest in the Ghanaian Oil Gas Sector.Using a binominal regression model we analyzed primary data from 497 local SMEs.The found that SMEs with inadequate capital, had high level competition, corruption perception, lacked policy awareness, adequate external credit facilities, information, managerial capabilities, technological capabilities were less likely invest oil gas sector.Per contra, human resources entrepreneur characteristics exerted no significant influence on sector.This has implications policies, investment future research.Particularly government is required expedite enforced Local Participation Petroleum Activities Policy under Regulations.This could be replicated within other emerging economies using different models.

Language: Английский

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Antecedents of psychological well-being among workers within small and medium enterprises

SA Journal of Industrial Psychology, Journal Year: 2019, Volume and Issue: 45

Published: Sept. 12, 2019

Orientation: In the contemporary business environment, employee mental health is neglected, especially in research and practice African Small Medium-sized Enterprises (SMEs). This occurs even though this sector largest contributor to developed economies. study highlights importance of psychological well-being SME performance individual employee.Research purpose: To investigate influence perceived organisational support, career goal development empowering leadership on employees Gauteng province, South Africa.Motivation for study: Despite increasing SMEs, few studies have investigated impact development, a Southern context.Research approach/design method: followed quantitative approach, using survey methodology where structured questionnaire was administered 250 employees. evaluate psychometric properties measurement scales, confirmatory factor analysis performed. Structural equation modelling used test hypotheses.Main findings: Perceived positive significant workers. A robust, relationship exists between well-being.Practical/managerial implications: The results indicate that managers Africa should pay more attention to, or place greater emphasis on, supporting their organisations, recognising assisting them achieving goals, be happy at work. If prioritised, will ultimately improve.Contribution/value-add: contributes current body Africa’s industrial psychology literature – field has received little developing countries like Africa.

Language: Английский

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Eradicating Poverty and Unemployment: Narratives of Survivalist Entrepreneurs

Journal of Reviews on Global Economics, Journal Year: 2019, Volume and Issue: 8, P. 1438 - 1451

Published: Dec. 31, 2019

Researchers continue to argue that survivalist entrepreneurs remain the untapped source for improved socioeconomic development because they have potential create employment, and reduce poverty. Unemployment poverty biggest challenges sub-Saharan Africa but specifically South with an escalating unemployment rate. This is basis this study, which set out provide authentic insight into lives of in Cape Town, Africa, purpose revealing reasons why are unable significantly grow add substantially economy. A qualitative approach by way personal interviews was followed so as gain in-depth understanding participants' stories. The findings suggest able assist economy if appropriate support given them government or through some public-private growth initiatives. study contributes entrepreneurship literature illuminating why, according Statistics do not seem more employment opportunities, improve alleviate In acknowledgment study's limitations, we consequently advise further area may consider a combination methods well other locations.

Language: Английский

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