Case Study about Financial Management Systems in Small Sized Enterprises
Introduction: Despite the increasing amount of research in management accounting in the past decade, little was known of its form and effectiveness within Small and Medium sized Enterprises (SMEs). Whilst empirical studies have been devoted in these years on larger enterprises (e.g. Ezzamel et al 1994,Anderson 1995, Moden and Hamada 1991) it has been only more recently that research has been directed towards the financial management systems that operate within SME’s (Lyabert 1998, Mitchell et al 1999).
This study focused upon the small business sector of the economy and it had three main aims: firstly, it investigated the role, function and scope of the financial management systems operating within small firms (1). Secondly, it attempted to understand why in certain firms robust financial systems exist, whereas in others they are seen to be weak (2). Finally, the role of training and other support needs for sound financial management systems were investigated (3). Included within the analysis was the consider ation of whether sound accounting systems are contingent upon such factors as the role of the accounting profession, in-house accounting functions, the characteristics of the owner/director and business development training and support. Keep reading…
A Case Study about Corporate Entrepreneurship Strategies of Thai Automotive SME
This paper examines the antecedents to corporate entrepreneurship (CE) in Thailand’s auto-parts manufacturing industry in the post Asian financial crisis era using a mixed-method approach. There is a lack of research on CE strategies of SMEs in response to the Asian financial crisis in developing Asian countries. This paper presents a model based on existing CE theory where organizational strategy, culture and the environment impact on CE and organizational performance. Structural Equation Modeling was used to analyze data collected from 220 chief executives/deputy chief executives who participated in this research. The results suggest that environmental and organizational factors impact on CE which in turn influences firm performance in terms of both financial and non-financial aspects. Significantly, non-financial performance was found to influence financial outcomes.
Introduction: Entrepreneurship is an important feature of organizational and economic development as well as wealth creation (Antoncic and Hisrich, 2004). Researchers and practitioners have increasingly been interested in the concept because of the positive effect on revitalization and performance of firms. In recent years globalization and advances in technology have forced Thailand to re-evaluate its economic strategies and policies (BOI 2006). Thailand suffered significantly during the Asian financial crisis in 1997 when about one-third of the Thailand‟s publicly listed companies were wiped out (Sebora, Theerapatvong and Lee, 2010). During the crisis, individual entrepreneurship and intrapreneurship or corporate entrepreneurship (CE) suffered significantly. In the aftermath of the crisis, entrepreneurs must now compete more intensely against foreign competitors in the Asian region such as China. Keep reading..
A Case Study about Entrepreneurial Competence in Micro-Enterprises
Abstract: This study aimed to understand the implications of the entrepreneurial competence in microenterprises. Literature on micro-enterprises and entrepreneurial competence has been reviewed; the research design opted the analysis of entrepreneurial competence in micro-enterprises in a multi-case study way. By the research findings were divided by the construct implication of entrepreneurial competence in the abilities of six constructs in two levels for data analysis. Finally, this article proposed the practical implications of micro-enterprises management and recommendations for future research.
Introduction: Micro-enterprises are important to Taiwan’s economic development to a certain extent. About 70% of all enterprises, the micro-enterprises that employ less than 5 persons also contribute to 10% of the total turnover and the employment of about 600 thousand persons. The issue of micro entrepreneurship should not be taken lightly, because for the entrepreneurs the exercise of entrepreneurship is a matter concerning survival. What many do is injecting all they have accumulated in it such that the success or not of the new business not only concerns employment but may lead them to indebtedness. “Entrepreneurial competence” has been intensively explored by many since it, as a concept, was introduced to the field of strategy management. Research in competency approach tends to increase too. Keep reading…
Case Study Research about Rural Entrepreneurship: Useful Method
Introduction: Insights into entrepreneurship and small business development are provided through an extensive research base consisting of the analysis of secondary data, surveys of samples of the populations of interest, and case studies of select individuals, enterprises, or programs. A common perception of these alternative research strategies is that case studies focus on the exploratory and descriptive phases of the research while surveys and the analysis of secondary data are more appropriate for program evaluation and explanatory purposes. Yin (2003) notes, however, that case study methods may be involved in all three roles.
The purpose of this paper is to review the value of case studies as a useful research methodology for understanding entrepreneurship and small business development in rural areas. First, case studies are defined and the principal types of case studies designs are summarized. Second, examples are provided of the applications of case study methods in exploratory analysis, hypothesis testing, and program evaluation. These examples are drawn primarily from research on entrepreneurial development and public and private programs to enhance entrepreneurial activity. Finally, potential shortcomings or limitations to case study research are summarized. The reader should note that this paper will not address the appropriate protocol for the design, application, and reporting of case study research. Keep reading..
Case Study about Social Enterprise Development Using the Four Lenses Approach
Methodology: This case represents the first installment of case study series developed to test and enhance the “Four Lenses Strategic Framework” As tool for analyzing organizational behavior and performance in aspiring and established social enterprises. It is organized round four key performance criteria: Depth of Impact, Blended Value, Efficiency,and adaptability. These criteria re further examined through four intrinsically linked strategic lenses: Stakeholder Engagement, Resource Mobilization, Knowledge Development, and Culture Management. The Four Lenses Strategic Framework is n integrated approach to social enterprise that postulates that high performance is linked to n organization’s activities cross the Four Lenses.
Introduction: There are some 40 million rural artisans in India today. While global demand for Indian artisan products is growing both in India and abroad, rural artisans largely remain poor. Prior to the industrial revolution, high quality artisan products were historically crafted in rural areas for domestic and international consumption. Following the economic reforms of the 1990s, the government’s heightened support for manufacturing centers in urban hubs has increasingly isolated rural producers and decreased their access to functioning markets. As a result, much of India’s rural population has migrated to cities in search of work, sadly trading rural unemployment for urban displacement and poverty.. Click here to read more on Social Enterprise Development..
Kaplan talks about the five critical skills that entrepreneurs need:
1) Leadership: ability to build consensus in the face of uncertainty
2) Communication: ability to keep a clear and consistent message
3) Decision-making: knowing when to make a decision
4) Being a good team player: knowing when to trust and when to delegate
5) Ability to telescope: to focus in on the details and then move back to the bigger picture. Watch video…
Every year thousands of entrepreneurs decide to set up their own business, anticipating great financial rewards. However, over half of new business start-ups fail in their first year. So what makes the difference between those and profitable business ventures? What makes an entrepreneur extraordinary? This case study focuses on Duncan Bannatyne, one of the UK’s best-known entrepreneurs. His career shows that there is no single factor that makes an entrepreneur. As he says, ‘Anyone can do it’. Read more…
Case Study about Vendor Managed Forecasting: Small Enterprise
Abstract: Enterprises use supply chain management practices for improving business or supply chain performance. It is observed that supply chain technologies like VMI are now becoming an integral part of enterprise’s strategy. Even small and medium enterprises can adopt this practice and improve the performance of supply chain. This paper discusses vendor managed forecasting with the help of case study. It shows how a small enterprise improves supply chain performance by using demand related information obtained from retailer.
Introduction: In recent years, many enterprises have been compelled to share demand and inventory information with their suppliers and customers to get the competitive advantage. Vendor Managed Inventory (VMI) is one of such information sharing mechanisms adopted by organizations. In VMI, the vendor or supplier is given the responsibility of managing the customer’s stock, based on the shared information between them. Vendor coordinates and integrates all supply chain activities into a seamless process.
Privatization and Enterprise Performance in Nigeria
Abstract: Despite an impressive level of privatization activity across Africa and the upsurge in research on the operating performance of privatized firms in both developed and developing economies, our empirical knowledge of the privatization programme in Africa is limited. This study appraises the post-privatization performance of some privatized enterprises in Nigeria. The specific indicators examined are profitability, productive efficiency, employment, capital investment, output, prices and taxes. The study measures the change in any given indicator of performance by comparing its average value five years before and five years after privatization.
Introduction: Privatization of state-owned enterprises (SOEs) has become a key component of the structural reform process and globalization strategy in many economies. Several developing and transition economies have embarked on extensive privatization programmes in the last one and a half decades or so, as a means of fostering economic growth, attaining macroeconomic stability, and reducing public sector borrowing requirements arising from corruption, subsidies and subventions to unprofitable SOEs. By the end of 1996, all but five countries in Africa had divested some public enterprises within the framework of macroeconomic reform and liberalization (White and Bhatia, 1998)..
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When the world has begun to complex business, business owners could not do everything alone. Such business owners are not only have to focus on producing goods, manage cash flow and look for the consumer, but also need to build relationships with several parties. People that will determine the success of the business are customers, employees, bankers, accountants, lawyers, insurance brokers, professionals marketing, training services, and specialist and Information Technology (IT).
Because all of these skills can not be learned alone, it helps you have one employee on top and really had a good relationship with them for the success of your business. Here are some tips for building good relationships with some of the following: … click here to read ahead