Current Issue : January-March Volume : 2022 Issue Number : 1 Articles : 5 Articles
The study’s objective is to create a model and mediating role of firm reputation in the relationship between corporate social responsibility (CSR) and the performance of small and medium enterprises (SME). The quantitative research design was used to collect data via telephone and e-mail with 232 small and medium enterprises. The sample for the study was done by using stratified sampling where Kaski, Gorkha, and Lamjung district of Gandaki province are selected. The analysis was done using Statistical Package for Social Science (SPSS) 26 and Applied Structural Equation Modeling (AMOS) 24 software. The study found that legal and ethical responsibilities have a significant positive relationship with the performance of SMEs and a firm’s reputation. Also, there is a significant positive relationship between a firm’s reputation and the performance of small and medium enterprises. Finally, the study shows that a firm’s reputation mediates the relationship between legal and ethical responsibilities on SME performance. In the structural model, environmental responsibilities have a relationship with performance. Likewise, philanthropic, and economic responsibilities have a relationship with the firm’s reputation, thus creating a new model in this study....
Since more than a year, Covid-19 has been affecting everyone in every part of the world. The fear of death has imposed a series of never-ending lockdowns. Lockdowns came along with a financial crisis that has left all business sectors in wonder, especially the Small and Medium Enterprises (SMEs). The idea of crisis is more approachable now than ever. This article aims at detecting the ability of SMEs’ managers to overcome a crisis and its aftereffects through the adoption of a good strategy. In the literature review part, the terms ‘crisis, leadership, and strategy’ are elaborated. The article’s objective was closely observed using a quantitative approach. A small survey was conducted in March 2021 to detect how the Lebanese SMEs in the skin care and cosmetic sectors were able to contain the persistent crisis, at least till the time when the survey was conducted. This specified sector was selected because it is a luxe, yet, it was still operating. Twenty-seven Lebanese managers in this industry were selected to talk about the strategies that allowed them to maintain the existence of their firms. Results showed that when an SME’s leader executes a proper strategy, he/she will fortify the company, making it more flexible in anticipating and containing crisis damages....
The studies conducted so far in Poland indicate not only the low environmental awareness of SMEs, but also incorrect reporting of their impact on the natural environment. What is more, in entities from this group, the environmental costs arising in the course of their business activity are undervalued. Due to the fact that SMEs constitute the majority of the companies operating on the market, however, their negative impact on the natural environment is significant. For this reason, these units should have access to complete information (both in terms of quantity and value) regarding their impact on the natural environment and the results of the protective measures taken in this regard. Taking this into account, the aim of the article is to present the possibility of using cost accounting to provide information on the environmental costs arising in a small manufacturing enterprise. The literature review and the overview of the legal regulations as well as the case study carried out contribute to the extension of knowledge on the role of cost accounting as a tool allowing provision of reliable information on environment exploitation and regarding the assessment of the company’s impact on the quality of the environment and the compliance with the principles of environmental protection....
In this article, the main stated objective is to explore the specific innovation strategies used in SMEs by responsible leaders in order to implement innovation to meet the established performance objectives. The case study involved managers of randomly chosen SMEs, who have experience and practice extremely relevant in the specific process of implementing innovation in the companies they lead. In order to understand, to obtain a leadership vision and a better perspective of the necessary innovation strategies in order to improve the obtained results, related to the assumed performance objectives, the interviews with the participants were carried out. Detailed and complementary research of internal documents, policies, procedures and press releases provides very special information on the implementation of innovation practices in the workplace which supports the optimization of productivity compared to the performance objectives set compared to the results obtained. It is especially important the role played by senior management in order to identify customers as fundamental resources for the organization, recognizing ideas as a starting point for innovation and promoting innovative organizational culture....
Innovation is a key driver in enhancing competitiveness of firms and fostering employment and job creation. This is the reason for the existence of a growing body of literature regarding how firms can improve their innovative practice and, more recently, how they can benefit from the advantages of digitisation. Moreover, many related statistical data is available for big companies, but the topic is relatively little addressed in the case of SMEs. This is much surprising given the large number of SMEs and how they strive to successfully compete with big companies in a more and more competitive business environment. Consequently, our article comes to fill this gap and provide insights on the status of European and Romanian SMEs in terms of innovation and digitisation and their impact on the overall competitiveness. Relevant conclusions and directions for further actions can be retrieved and recommended for the future....
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