Influence Of Socio Economic Environment On The Development Of Small And Medium Sized Enterprises

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Influence of Socio-Economic Environment on the Development of Small and Medium-Sized Enterprises

Author : Anna Iwona Adamik,Agnieszka Zakrzewska,Marek Matejun
Publisher : Wydawnictwo Politechniki Łódzkiej, Łódź
Page : 400 pages
File Size : 43,9 Mb
Release : 2011
Category : Electronic
ISBN : 9788372833976

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Influence of Socio-Economic Environment on the Development of Small and Medium-Sized Enterprises by Anna Iwona Adamik,Agnieszka Zakrzewska,Marek Matejun Pdf

ESG for SMEs

Author : Indika Edussuriya
Publisher : Independently Published
Page : 0 pages
File Size : 43,7 Mb
Release : 2022-09-12
Category : Electronic
ISBN : 9798351853741

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ESG for SMEs by Indika Edussuriya Pdf

Topics discussed include - Double materiality analysis, ESG strategy, ESG framework, stakeholder analysis, value chain analysis, transitional opportunity ranking, transitional risk ranking, energy audits, carbon neutrality target, net zero commitment, product life cycle analysis, double materiality map, ESG priorities vs. internal capabilities, implementational planning for ESG strategy, objective setting, KPI design, target setting, governance framework establishment and ESG assurance. Concepts are discussed and demonstrated through hypothetical application. This book aims to establish a generalisable method, for small and medium sized enterprises to seamlessly combine, sustainable development principles with corporate business value addition strategies. Ideally this method should facilitate synchronized strategy development & implementation, optimized governance, and affective resource allocation in SMEs. Easy to follow step by step guidance and practical illustrations are provided for formulation of ESG strategic framework, implementation and ESG disclosure. Business context application of key concepts are demonstrated in detail practical replication. New concepts - double materiality with reporting contextuality, five element materiality analysis, materiality mapping, material issues to targets & metrics (MITM model), sustainable development strategy formulation process (SDSFP model) and overarching sustainable development principles (OSDP model) are introduced and demonstrated through practical application. In today's context, SMEs are faced with urgent calls to action over climate and socio-economic emergencies across the world. Market trends, social pressure, legislative pressure, and peer pressure, has companies cornered and confused. There are various guideline frameworks on business enterprise alignment for ESG disclosure. However, guidance on streamlined methods to enable alignment of the primary objective of corporate value addition with environment, social and governance concepts are rare. On most occasions, ESG projects are initiated with the core objective of generating a disclosure report. These programs run the risk of creating internal application deficiencies and overall misalignment in business and sustainability objectives. This has led to confusion and unintended greenwashing. Small & medium sized companies are the main contributors for employment, economic growth, better income distribution and social entrepreneurship, the world over. The sustainable development transition poses heightened risks and better opportunities for these entities. SMEs should be adequately equipped and empowered to mitigate sustainable development transitional risks and capitalize on opportunities. Also, the ESG strategic planning process is designed to generate sustainable opportunities for corporate value addition, rather than the traditional linear growth model of producing and selling more to enable more value addition. Preparedness, strategic alignment, and robust governance will increase their resilience and continued economic contribution which is key to wholistic socio-economic wellbeing. Also, SMEs have widespread business bases and close interactions with social subsystems. Hence, their influence on the wider society, for sustainable consumption alignment and lifestyle changes, will be much greater. For Whom - Founders, Owner Managers, Corporate Managers, Sustainability Consultants, Environmental Auditors & Consultants, HSE Auditors & Consultants, Energy Auditors & Consultants, ESG Managers, Sustainability Managers, CSR Managers, Investors, ESG Auditors, Social and Environmental Activists.

Are Small Firms Important? Their Role and Impact

Author : Stephen Ackermann
Publisher : Springer Science & Business Media
Page : 180 pages
File Size : 55,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461551737

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Are Small Firms Important? Their Role and Impact by Stephen Ackermann Pdf

Are Small Firms Important? Their Role and Impact proposes and supports the claim that small firms make two indispensable contributions to the economy. First, they are an integral part of the renewal process that pervades market economies. New and small firms play a crucial role in experimentation and innovation that leads to technological change, productivity and economic growth. Second, small firms are the essential mechanism by which millions enter the economic and social mainstream of American society. The public policy implications for sustained economic growth and social well-being is the continued high-level creation of new and small firms by all segments of society. It should be the role of government policy to facilitate that process by eliminating entry barriers, lowering transaction costs, and minimizing regulation.

Examining the Vital Financial Role of SMEs in Achieving the Sustainable Development Goals

Author : Taleb, Dalila,Abdelli, Mohammed El Amine,Khalil, Afef,Sghaier, Asma
Publisher : IGI Global
Page : 292 pages
File Size : 45,9 Mb
Release : 2023-01-03
Category : Business & Economics
ISBN : 9781668448366

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Examining the Vital Financial Role of SMEs in Achieving the Sustainable Development Goals by Taleb, Dalila,Abdelli, Mohammed El Amine,Khalil, Afef,Sghaier, Asma Pdf

In today’s society, businesses are being pressured to play a more active role in addressing global environmental, social, and economic issues. Therefore, a considerable shift in the functional components of enterprises is required to achieve the Sustainable Development Goals. SMEs play a vital role in countries' socio-economic structures, and the importance of SMEs is increasingly recognized as a factor of economic stability and social cohesion. In order to ensure SMEs are appropriately utilized to achieve the Sustainable Development Goals, further study is required. Examining the Vital Financial Role of SMEs in Achieving the Sustainable Development Goals highlights the challenges and opportunities of using the concepts of economic sustainability to achieve sustainability goals as well as the role SMEs play in developing sustainable practices. The book also discusses how finance sustainability can be used to improve the stability of policies. Covering topics such as blockchain, corporate social responsibility, and performance management practices, this reference work is ideal for business owners, policymakers, researchers, scholars, academicians, practitioners, instructors, and students.

Small and medium-sized enterprises in the European Union: development challenges in 2014-2020 perspective

Author : Marek Matejun
Publisher : Lodz University of Technology
Page : 161 pages
File Size : 47,6 Mb
Release : 2014-10-01
Category : Electronic
ISBN : 9788372836250

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Small and medium-sized enterprises in the European Union: development challenges in 2014-2020 perspective by Marek Matejun Pdf

For many years, small and medium-sized enterprises have occupied an important place in the strategy of socio-economic development of the European Union. This is due to the fact that these entities have many important functions related to, among others, creating a significant share of the national income and jobs, introducing innovations and causing many other effects that positively influence the level of competitiveness of the European economy. In order to ensure favorable conditions for the development of the SME sector in the European Union at the central level, as well as at the level of individual countries and regions, numerous assistance programs are developed in the form of specific support instruments available for the smallest entities. Currently, the European Union is entering the new 2014-2020 programming period, which is associated with the implementation of the principles of the Europe 2020 Strategy. This perspective will be associated with the possibility of the participation of entrepreneurs in a number of projects and the use of many support instruments, both financial, as well as non-financial. As in the previous years, however, certain actions will have to be taken and the acquisition of specific skills useful in efforts to absorb the EU assistance will be required. At the same time, exploiting the potential of the environment in the 2014-2020 perspective will be associated with changes in the conditions for the functioning and development of many European small and medium-sized enterprises. The monograph is devoted to the above-presented matters. Its aim is the presentation, analysis and evaluation of selected issues which, according to the authors, will be important for development processes of small and medium-sized enterprises in the 2014-2020 perspective. The book consists of fourteen chapters, which are divided thematically into three separate parts. The first part concentrates on the external conditions for the development of small and medium-sized enterprises in the latest strategic perspective of the European Union. The second part of the monograph emphasizes the challenges and changes in management systems which will largely determine the functioning of the SME sector in the coming years. The third, and last, part of the monograph focuses on selected determinants of building the competitiveness of businesses in the SME sector. The monograph is addressed primarily to managers and owners of small and medium-sized enterprises, along with undergraduate and graduate students, as well as post-graduate business students. At the same time, we hope that this book will be also appreciated in the scientific community, enriching the debate on the future challenges in managing the development of small and medium-sized enterprises, as well as inspiring discussion and further research in this field.

The Impact Of Stress On The Socio-Economic Environment Of The Organization

Author : Ashish Mathur
Publisher : GRIN Verlag
Page : 13 pages
File Size : 45,5 Mb
Release : 2011-12-27
Category : Business & Economics
ISBN : 9783656090397

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The Impact Of Stress On The Socio-Economic Environment Of The Organization by Ashish Mathur Pdf

Research Paper (undergraduate) from the year 2011 in the subject Business economics - Business Management, Corporate Governance, , language: English, abstract: Stress is the basic factor impacting the organization and is the major causing of reducing the productivity of the organizations. Stress is the basis of conflicts and violence in many organizations. People have problems which need to be resolved otherwise they will put negative impact touching many dimensions of human life reducing the health and the mental balance. The organizational productivity will reduce and there will be problems related to the quality of work life. One of the greatest challenges facing organizations today is the ever-growing competition, the continuous increase in customer expectations and customers’ subsequent demands. Moreover, customers are becoming increasingly critical of the quality of services they experience. In order to be successful, firms must view stress management as an essential part of their strategic process. Increased competition has forced traditional organisations to find ways to retain current employees and to attract customers the major task of organisations is to promote customer satisfaction and loyalty while establishing a competitive advantage a major factor on customer satisfaction and loyalty is the quality. Increased service quality through increased employee performance is a viable way for organisations to remain competitive. One strategy which has gained momentum, in services, is the concept of quality and quality management. Quality can come from happy employees. The stress in the organisations reduces the talents and competencies by which the employees impact the service quality.

Handbook of Research on Sustaining SMEs and Entrepreneurial Innovation in the Post-COVID-19 Era

Author : Baporikar, Neeta
Publisher : IGI Global
Page : 676 pages
File Size : 49,7 Mb
Release : 2021-02-05
Category : Business & Economics
ISBN : 9781799866343

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Handbook of Research on Sustaining SMEs and Entrepreneurial Innovation in the Post-COVID-19 Era by Baporikar, Neeta Pdf

A multidimensional approach to entrepreneurship, especially in the post-COVID-19 era, will have an important influence on the state of business and government, especially when considering the effects of technological development, innovation, glocalization, and nationalization policies that need to be adopted for inclusive sustainable growth, as well as the enhanced and efficient utilization of global resources. That means there is likely to be a shift in how entrepreneurship development and entrepreneurial opportunities will be perceived, developed, and resourced. The question is how to sustain SMEs and entrepreneurial innovation in the post-COVID-19 era. Thus, comprehensive research and knowledge on designing policies and approaches to ensure the sustainability of SMEs and entrepreneurial innovation in post-pandemic times are essential to sustain, stimulate, and foster SMEs, entrepreneurship, and entrepreneurial innovations. The Handbook of Research on Sustaining SMEs and Entrepreneurial Innovation in the Post-COVID-19 Era provides research dedicated to entrepreneurship with a special emphasis on the sustainability of SMEs and entrepreneurial innovations in the post-COVID-19 era. It provides discussion and the exchange of information on principles, strategies, models, techniques, methodologies, and applications of entrepreneurship in the post-COVID-19 era in the field of public and private organizations. The chapters communicate the latest developments and thinking on the entrepreneurship subject worldwide by drawing on the latest developments, ideas, research, and best practice to examine the implications of the changes taking place due to COVID-19. This book is ideally intended for entrepreneurs, global organizations, small and medium-sized enterprises, managers, executives, government officials, policymakers, researchers, academicians, and students who are interested in learning about, designing, or implementing policies that are more effective in the post-pandemic era.

Technological Change, Development and the Environment

Author : Clem Tisdell,Priyatosh Maitra
Publisher : Routledge
Page : 366 pages
File Size : 48,9 Mb
Release : 2018-04-09
Category : Business & Economics
ISBN : 9781351106078

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Technological Change, Development and the Environment by Clem Tisdell,Priyatosh Maitra Pdf

Originally published in 1988, this book considers some of the major social, economic and environmental questions raised by the role of new technology in development. Throughout the discussions of issues like the sustainability of the development effected by new technology is supported by detailed case studies from countries such as India, Australia, New Zealand, China, Bangladesh and South Africa.

Entrepreneurship and Local Economic Development

Author : Bruno Dallago,Ermanno Tortia
Publisher : Routledge
Page : 348 pages
File Size : 44,7 Mb
Release : 2018-09-05
Category : Business & Economics
ISBN : 9781351256032

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Entrepreneurship and Local Economic Development by Bruno Dallago,Ermanno Tortia Pdf

This book focuses on the nature and role of entrepreneurship in modern developed and emerging economies and societies, its relation to governments and universities, and its role in the often-forgotten informal economy. The aim is to position entrepreneurship in the post-crisis context and explore how its relation to universities and governments contributes to explain the countries’ and territories’ growth performance and resilience or vulnerability to the crisis. The accent is particularly on processes and patterns at local level and in small and medium-sized enterprises in local economic systems and districts, local systems of innovation, and the types and configurations of innovation these give origin to. With globalization, entrepreneurship has become fundamental for the competitiveness of territories and countries, for policy management and for development. The local dimension is fundamental because of agglomeration economies and effects, the advantages of proximity and the nature of knowledge and information. Furthermore, territories carry to the centre-stage tacit knowledge, localized social capital, embeddedness and interpersonal relations as fundamental components of their endogenous socio-economic development and competitiveness. When local systems are connected in a horizontal network, they contribute to the strength of national and international systems. To play a constructive role from this perspective, entrepreneurship must avoid local entrenchment and support the local economy to upgrade and be competitive. To do this, the entrepreneurs’ interaction and alliance with universities and governments is a must for those countries and localities wanting to emerge. This requires that enterprises, universities and governments create synergies and spill-overs to their mutual advantage.

Enterprise Development in SMEs and Entrepreneurial Firms: Dynamic Processes

Author : Ndubisi, Nelson Oly
Publisher : IGI Global
Page : 508 pages
File Size : 49,7 Mb
Release : 2013-02-28
Category : Business & Economics
ISBN : 9781466629530

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Enterprise Development in SMEs and Entrepreneurial Firms: Dynamic Processes by Ndubisi, Nelson Oly Pdf

In order to increase the economic opportunities available, enterprise development plays a crucial role in the progression of socio-economic development for small and medium enterprises. Enterprise Development in SMEs and Entrepreneurial Firms: Dynamic Processes explores the process of enterprise development and its reconstruction of entrepreneurial identities, critical competencies as well as market turnaround for SMEs. This book aims to be a critical resource in the understanding of enterprise strategies adopted and lessons learned for management development. It is a successful resource for students, researchers and professionals interested in the growth SMEs.

Sustainability and Small and Medium-sized Enterprises

Author : Aharon Factor,John Parm Ulhøi
Publisher : Routledge
Page : 266 pages
File Size : 51,7 Mb
Release : 2021-03-29
Category : Business & Economics
ISBN : 9780429760778

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Sustainability and Small and Medium-sized Enterprises by Aharon Factor,John Parm Ulhøi Pdf

Industrialisation has brought great benefits to humankind but now, after 200 years of fossil fuel use, land clearance and pollution, the planet’s boundaries are being stretched to their limits. Going beyond these confines would have severe consequences for humankind. To prevent this from happening, government, corporate and community initiatives must focus on reducing the environmental impact of approximately 400 million small and medium-sized enterprises (SMEs), given that they produce approximately 70% of the world’s pollution, 60% of carbon emissions and have a significant impact on land. To date, research shows that SMEs have been environmental laggards and more needs to be understood to improve sustainability in the SME sector. Broadening the researcher’s methodological focus, beyond traditional singular approaches, improves knowledge generation and better informs policy and practice. This book paves the way by showing the reader that a mixed method research design is able to provide a deep, diverse and holistic understanding of sustainability and SMEs. Importantly, the book also provides an in-depth mapping of mixed method sustainability and SME research at a regional level. As this book is about environmental sustainability framed in a business context, it will be of interest to researchers, academics, students and those in industry who are enquiring about the environmental sustainability of SMEs.

Small and Medium-sized Enterprises and the Global Economy

Author : Gerald I. Susman
Publisher : Edward Elgar Publishing
Page : 359 pages
File Size : 51,8 Mb
Release : 2007-01-01
Category : Business & Economics
ISBN : 9781847204431

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Small and Medium-sized Enterprises and the Global Economy by Gerald I. Susman Pdf

Globalization has jarred the traditional role and competitiveness of small- and medium-sized enterprises. This masterful volume comprises leading scholars, policy makers and business leaders who have new insights and strategies for SMEs creating opportunities rather than being victims of globalization. The result is a breakthrough in our understanding of entrepreneurship in the global context. David B. Audretsch, Indiana University, Bloomington, US and WHU, Germany Small and medium-sized enterprises (SMEs) often have difficulty competing in the global economy unless they collaborate with domestic or foreign partners or with public sector organizations. This book addresses the resource leverage and innovation challenges that increased global trade represents for SMEs. In doing so, it explores how SMEs can become more competitive at home and in foreign markets as stand-alone firms or as members of supplier and customer networks. SMEs are turning increasingly to innovation as a source of competitive advantage in order to protect their home markets and participate in expanding foreign markets. The contributors to this volume leading experts in entrepreneurship, innovation, and international business provide in-depth coverage of the most compelling issues facing SMEs. These include: innovation as a competitive strategy, network dynamics, ways to leverage technology, internationalization, and the role of the public sector in helping SMEs to overcome resource deficiencies. This comprehensive look at SMEs in the global marketplace will be of great interest to academics who study entrepreneurship, innovation, or international business, officials from public sector agencies with responsibility for helping SMEs to internationalize and become more innovative, and senior executives of SMEs or executives of larger companies who are considering collaboration with SMEs.

Small and Medium Enterprises, Growth, and Poverty

Author : Asli Demirgüç-Kunt
Publisher : Unknown
Page : 47 pages
File Size : 45,7 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290704040

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Small and Medium Enterprises, Growth, and Poverty by Asli Demirgüç-Kunt Pdf

Beck, Demirguc-Kunt, and Levine explore the relationship between the relative size of the small and medium enterprise (SME) sector, economic growth, and poverty using a new database on the share of SME labor in the total manufacturing labor force. Using a sample of 76 countries, they find a strong association between the importance of SMEs and GDP per capita growth. This relationship, however, is not robust to controlling for simultaneity bias. So, while a large SME sector is characteristic of successful economies, the data fail to support the hypothesis that SMEs exert a causal impact on growth. Furthermore, the authors find no evidence that SMEs reduce poverty. Finally, they find qualified evidence that the overall business environment facing both large and small firms - as measured by the ease of firm entry and exit, sound property rights, and contract enforcement - influences economic growth.This paper - a product of Finance, Development Research Group - is part of a larger effort in the group to understand the role of SMEs.

Small Business Management and Control of the Uncertain External Environment

Author : Konstantinos Biginas,Stavros Sindakis,Antonia Koumproglou,Vlasios Sarantinos,Peter Wyer
Publisher : Emerald Group Publishing
Page : 219 pages
File Size : 41,6 Mb
Release : 2022-03-15
Category : Business & Economics
ISBN : 9781839096266

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Small Business Management and Control of the Uncertain External Environment by Konstantinos Biginas,Stavros Sindakis,Antonia Koumproglou,Vlasios Sarantinos,Peter Wyer Pdf

This edited collection investigates the potential impact of long-term planning and strategic awareness on the ability of SMEs to remain competitive. The authors demonstrate that whether SMEs are able to identify and act upon external forces and factors, or not, is the defining indicator of their likelihood to struggle, survive, or thrive.

The role of small and medium-sized enterprises (SMEs) in Europe's economy

Author : Svetlana Shirobakina
Publisher : GRIN Verlag
Page : 18 pages
File Size : 44,5 Mb
Release : 2006-07-18
Category : Business & Economics
ISBN : 9783638521864

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The role of small and medium-sized enterprises (SMEs) in Europe's economy by Svetlana Shirobakina Pdf

Essay from the year 2004 in the subject Business economics - Miscellaneous, grade: 1,3, University of Lincoln, course: B.A. European Business, language: English, abstract: The Lisbon European Council of March 2000 set the European Union a new strategic objective for the coming years:to become the most competitive and dynamic knowledge-based economy in the world, capable of sustained economic growth with more and better jobs and greater social cohesion. It is considered that Europe’s competitiveness and economic progress is strong dependent on its small and medium-sized enterprises, which are the key-source for job creating as well as for searching for new business ideas and innovative solutions, its main driver for entrepreneurship. For this reason, the European Council endorsed the “think small first” principle as one way to progress towards the Lisbon objectives. The idea of the small business has captured the imagination of the public and politicians over past years. They agree in the point that to meet the challenge of new integrated Europe requires a better business environment within the Internal Market, including the lightest possible administrative and regulatory burdens for small businesses and a better access to finance resources as well as creating of simple and effective legislation. It also requires a revolution in attitudes to entrepreneurship and to risk-taking processes, which will allow viewing failure as a part of experience, as an “opportunity to learn” from mistakes. They also emphasise the fact that small enterprises are normally more sensitive to changes in the business environment than large firms. They are the first to suffer if weighed down with excessive bureaucracy and creating new administrative burdens. And they are the first to flourish from initiatives such as decrease in taxation rate and promotion. My essay aims to answer the question to what extent the EU’s main market integration initiatives address the needs of SME’s and what should be done on the way to developing strong, competitive SMEs which would use all benefits from the Single European Market. It is important to define what we mean by SMEs before proceeding to answer these questions. For the purpose of this essay, SMEs are defined as non-subsidiary, independent firms, which employ less than 250 employees. We have to take into account the fact that this number may vary across national statistical systems. [...]