Print ISSN: 2204-1990

Online ISSN: 1323-6903

Keywords : SMEs


Effect of Financing on the Productivity of Small and Medium Enterprises (SMES) By Directing the Part of Islamic Money

Ashique Ali Lashari, Professor Dr.Ambreen Zeb Khaskhelly, Professor Dr.Albeena Mirza

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 6, Pages 276-287
DOI: 10.47750/cibg.2021.27.06.024

Small and medium ventures (SMEs) are vital for the advancement of the nation's economy,
understanding the consideration of governments and legislators in created and non-industrial nations.
In Pakistan, SMEs assume an essential part in monetary development. It is in this manner fundamental
that SMEs reserve the privilege to utilize wellsprings of subsidizing. The investigation utilized the
quantitative methodology accomplished through review surveys. 200 SMEs and 70 bank offices were
chosen in Pakistan's Faisalabad area to answer surveys on their financing models and the impacts of
Islamic financing as a mediator of their fixed resources, for the creation and kept financing of
resources. The investigation showed that fixed resources, financing of set up and current resources had
a positive relationship with SME development and Islamic types of financing did not act as mediators
in the city of Faisalabad in Pakistan.

FEATURES OF PERFORMANCE MEASUREMENT SYSTEMS IN TUNISIAN SMES: RESULTS OF AN EMPIRICAL STUDY

Dr. Abdelmonem Ghrairi Dr. Abdelmonem Ghrairi

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 5, Pages 2586-2595

Evolving in a globalized economy and facing increasing pressure from their business partners, Tunisian SMEs are facing new challenges in managing their performance. To meet these challenges, Tunisian SMEs must adopt management tools that allow them to maintain the excellence they need, i.e., tools that measure their performance in a multidimensional, efficient and effective manner.
However, this need to measure and manage performance facesan absence of tools adapted to this type of companies that take into account both their limited resources and their expertise to be able to use them effectively.
 Furthermore, in recent years the evolution of management control systems has resulted in the questioning of the relevance of financial measures as representative of business success and the diffusion of performance measurement systems designed to take into account different complementary strategic perspectives.
Developed for large firms, the approaches advocated would be incompatible with the practice of performance measurement in small firms (Hudson, Smart and Bourne, 2001). The paucity of empirical research on performance measurement systems in SMEs has been highlighted by many studies. 
Lack of knowledge about performance measurement systems developed in SMEs invites the study of the features of these systems in this type of businesses. This study also contributes to documenting the specific problem of performance measurement systems in SMEs. 
Using the results of an empirical study based on a quantitative survey of 57 Tunisian companies, this paper analyzes the features of performance measurement systems implemented in small and medium-sized enterprises and shows the diversity of practices of SMEs. This study provides Tunisian SMEs managers and advisors with an empirical framework for the design, improvement and evaluation of performance measurement systems.

Achieving Sustainable Development in Business: The Implementation of Environmental Management Practices by Small and Medium Enterprises

AINA SYUHAILA MUHAMAD; NIK HAZIMAH NIK MAT; SITI NUR ‘ATIKAH ZULKIFFLI

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 3, Pages 47-56
DOI: 10.47750/cibg.2021.27.03.007

Over the past two decades, the issue of sustainability has received mixed opinions from people, especially in business world. The concept of Sustainable Development has slowly changing the view of modernisation and growth for worldwide development activities. Small and Medium-sized Enterprises (SMEs) tend to be opposed to the idea. The purpose of this study is to evaluate the implementation of Environmental Management Practices (EMP) among SMEs in Malaysia. Using the Data Envelopment Analysis (DEA) model, this study employed barriers and motivations as an input, while sustainable development elements are taken as an output. Findings show that the implementation level of EMP varied among companies, which consequently influences their level of sustainable development. The implications of the finding are discussed based on the concept of Goal-Setting Theory to explain the nexus between the company’s ability to set the right environmental goals and employees’ understanding of the signals sent to support the company’s sustainable development.

Business Risks and Performance of SMEs in the Malaysian Construction Sector

FAUZILAH SALLEH; WAN NUR FATIHAH ROHAIZAD; NOOR IZYAN SHAFIQA MOHD ZAIB; NUR SHAHRIN NADIA KADIMON; SYARMIDAH SYAHRUDDIN

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 2, Pages 25-31
DOI: 10.47750/cibg.2021.27.02.004

Small and medium-sized enterprises (SMEs), especially their business risks and performance, are the primary economic drivers of the construction sector in Malaysia. Most studies focused on the performance of SMEs, but their business risks were underexplored. With that, the current study aimed to determine the elements of business risks that affect the performance of SMEs in the construction sector within the Malaysian context. For this study, five construction companies in different states were selected as case studies. Financial risk, government regulation, managerial capacity, delay in the project, and technology were identified as the critical elements of business risks that affect the performance of SMEs. Through the emerging new ventures in the business market, the performance of SMEs is undoubtedly one of the vital economic drivers that can boost the country’s economic growth.

Strategy In Strengthening Capital Towards MSME Market To Maintain Community Economic Stability During The Covid-19 Pandemic Time

KAHARUDDIN .; Rosmita AMBARITA; MUKIDI .; RudyPRAMONO .; JulianaJULIANA .; Nelvitia PURBA

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 2, Pages 6229-6241
DOI: 10.47750/cibg.2021.27.02.613

The objective of implementing a model strengthening strategy is to collaborate with the government
and the private sector to work hand in hand in strengthening capital and increasing the MSME
production market to maintain economic stability. Researchers' research method, in this case, is a
combination of qualitative and quantitative approaches and methods.In general, qualitative research is
carried out by interview and observation methods. Through this method, researchers will analyze the
data obtained from the field in detail. Quantitative methods with graphs can be seen that there has been
a decline in several aspects, even some of the businesses are threatened with bankruptcy. This condition
shows that the data has decreased drastically, decreased turnover and credit financing, and difficulty
obtaining raw materials. When viewed from the data from the Ministry of Cooperatives in 2020. From
the study results, it can be argued that: Since the outbreak of the Covid-19 pandemic, market
uncertainty has made the demand for goods sold by MSME players decreasing so that consumers' needs
change. Even though it is full of challenges, the MSME sector still has hopes and opportunities to
increase its business scale. To survive amid the outbreak of the Covid-19 pandemic, MSMEs use a
strategic trading system to strengthen their capital.

Business Model Canvas Effect Risk Management and Business Performance: SMEs in Rayong, Thailand

CHUTIMANT BOONNUAL; THITIRAT THAWORNSUJARITKUL

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 2, Pages 1542-1555
DOI: 10.47750/cibg.2021.27.02.165

This research studied the relationship of business operations based on business elements of
Business Model Canvas that influenced the efficiency in risk management and the performance
of SMEs in Rayong province. The research is based on a Quantitative research methodology,
where data collection has been achieved through self- administered questionnaires. The statistical
results found that the Business Model Canvas influenced SMEs performance in Rayong.The
empirical data and correlation testing via Structure Equation Modeling in which found thatSMEs
businesses in Rayong had well business plan that covered all the nine aspects of Business Model
Canvas with the efficient risk management.Both led to the well Balance Scorecard performance
including the well business plan that would lead the business to have good risk management
efficiency. The risk management efficiency was the partial mediation from the Business Model
Canvas to the business performance result.

SYSTEMATIC REVIEW OF ENTREPRENURIAL MARKETING

Muhammad Aftab; Abdul Aziz bin Abdullah; Dr. Javaria Sarwar; Asif Sanaullah; Gohar Farid; Muhammad Bilal

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 1, Pages 4408-4425

Marketing is considered to be one of the most critical tasks for minor plus medium-sized enterprises in terms of growth as well as development, but it is also considered to be the biggest challenge for SMEs. Shortage of possessions, expertise and expertise, it is hard for SMEs to carry out traditional marketing activities. As a result, working in an atmosphere of aggregate dynamics, turbulence and competitiveness means that entrepreneurs with innovative creative concepts and attitudes, such as Entrepreneurial Marketing, have to overcome and modify conventional marketing principles (EM). When conventional marketing does not support small and medium enterprises (SME) then here is A new area of exploration that initiated by combination of marketing and entrepreneurship is Entrepreneurial marketing. The main purpose of this essay is the notion that can be found in literature like types, dimensions of Entrepreneurial marketing and major differences b/w Entrepreneurial marketing and conventional marketing. It also give a brief view about the history of basis of different new fields and in the last it focuses on the significance of small and medium enterprise with reference to the modern standard. The main objective of this study is to provide guideline to small and medium enterprises and give suggestion to them about future research direction in the same field.