In this paper the author tries to present and analyze some results of his researches focused on surveying the expectations and needs as well as troubles and difficulties concerned with confronting small and medium size enterprises (SME’s) with various challenges generated by the fourth industrial revolution (Industry 4.0). After presenting in the first part of the paper a listing and some subjective discussion of general as well as particular problems of implementing the Industry 4.0 approach in practice of the contemporary industry, in next chapters the adopted assumptions as well as obtained results of the SME’s oriented survey are introduced together with a short presentation and discussion of used methods and tools of research. The cases of Polish SME’s are illustrated by results of investigating a limited group of firms, which fulfil SME criteria and are located and operating in Metropolis GZM (Silesian Voivodeship, Poland). In the last part of the papers the author summarizes obtained results and proposes some next steps of further research.
Jaroslav Vrchota, Zuzana Frantíková and Miroslava Vlčková
The paper examines the SME’s in the Czech Republic from the perspective what makes them to adopt telework using the data from the research made in 2017. The research includes 1018 SME’ s. The purpose of the study was to try to find out alignment between telework and some organizational constraints. We hypothesized that employer adoption of telework would depend on the size of the firm, the duration of telework adoption, foreign owner, IT level, and on the implementation of project management. Our empirical evidence showed that telework correlated with the foreign owner participation and the duration of the adoption of telework, with the IT level and with the adoption of project management. It does not correlate with the size of the enterprise and the duration of the adoption of telework.
Miroslava Vlčková, Zuzana Frantíková and Jaroslav Vrchota
In most European countries, teleworking or homeworking is used in various forms that differ from one another by its legal regulation. The paper examines the SME’s in the Czech Republic from the perspective what makes them to adopt telework using the financial indicators. We hypothesized that employer adoption of telework would depend on some economic factors. The empirical evidence showed that a typical company that uses telework is a company with higher ratio of liabilities and therefore lower ratio of equity, a lower ratio of fixed assets, higher sales, lower inventory, higher labour productivity and higher value added per employee, higher return on equity, higher personnel costs, higher average wages. Within the analysed enterprises, 16 indicators were assessed; the 9 indicators showed the difference between companies that use telework and companies that do not use telework. The research shows a typical company that uses telework.
Even though in many cases the terms of risk and uncertainty are similar, they have to be delimited to understand the meaning of each, individual, as accurately as possible. The two terms are combined in different situations. No matter how well the risk is managed, uncertainty cannot be removed because all possible situations and interdependencies cannot be taken into account. Thus, a source of risk can be considered uncertainty in itself if it is based on poor quality information about the actual internal or external situation of the company. Also, in my conclusion, traditional financial theory distinguishes between systematic risk and particular risk, which reaches the company’s overall risk. Investors can reduce total risk with the two primary risk management instruments, namely diversification and asset allocation.
SMEs and entrepreneurship are key to ensuring economic growth, innovation, job creation, and social integration in the EU. The SME sector has a crucial role to play in creating new jobs, economic growth and innovation in socioeconomic development. The paper aims to address the critical role of small and medium-sized companies by investigating innovation management strategies in the SME sector. The goal of the present paper is to analyze the innovation strategies of SMEs and to provide an overview of the performance of Polish SMEs against those in the European Union. The main method in the study is desk research based on secondary statistic data. The method made it possible to prove that innovative strategy is a necessary condition to improve the competitiveness level in the SME sector. The main contribution of this research is to highlight the impact of innovation strategies on the competitive level of the researched entities for SMEs. The linear model developed for the “innovation expenditure” factor and forecast for 2-year period amply make it clear that SMEs continue to tread a positive growth trend.
. (2001). Case studies on the implementation of TQM in the UK automotive SMEs. International Journal of Quality & Reliability Management , 18 (7), 722–744. https://doi.org/10.1108/02656710110396058
 Zamrudi, Z., & Wicaksono, T. (2018). Social Commerce Adoption in SME’s. JEMA: Jurnal Ilmiah Bidang Akuntansi Dan Manajemen , 15 (2), 60. https://doi.org/10.31106/jema.v15i2.1125
Luz Mercedes González, Sergio Ochoa Jiménez, Alma Rocío García García and Carlos Armando Jacobo Hernández
Las Pequeñas y Medianas Empresas (Pymes) familiares son parte importante de la economía en varios países del mundo, como una de las principales impulsoras de empleos. La forma en que operan, la manera en que se conforman, así como la organización de los miembros de la familia que se encuentran en ella, puede ser determinante. Esta investigación, da cuenta sobre un estudio de caso de una empresa restaurantera mexicana, enfocada a su estructura familiar como un factor importante que puede relacionarse con la dirección de la empresa para su trascendencia. Para lograr lo anterior, se realizaron entrevistas a miembros de la familia que forman parte de esta, así como a empleados no familiares. Con base al análisis de tres dimensiones: la propiedad, la sucesión y la estructura; los resultados evidenciaron una tendencia de que la propiedad de este tipo de empresas puede ser de cualquier miembro de la familia, siempre y cuando esté trabajando en ella e involucrado constantemente. Además, la forma de relacionarse suele ser efectiva, pues al estar formada por miembros de una misma familia, existe la suficiente confianza para crear un ambiente familiar más que laboral, lo que hace que la repartición de las ganancias sea equitativa
Small and Medium Enterprises (SME‟s) was proven to increase the country economic condition due to its capability to retain the product and capital flow stay inside. SME‟s tend to be more creative than the large and traditional enterprises, though the profitability may vary across segment. The rise of technology has brought the customer to be more educated related to product due the ease of information dissemination. Web 2.0 was the basic of today’s social media communication in the context of logistics, enabling the society to directly interconnected one to another. Based on this reason, this study proposed an alternative to understand the SME’s owner in adopting the use of social media for business and logistics purposes including marketing, sales, product announcement, etc. This study involved 53 respondent around south east Kalimantan. The data was analyzed by using GSCA analysis due to its ability to explore the effect amongst variable while ensuring the consistencies. The results present that all exogenous variables show a positive and significant effect, though the only variable showing non-significant effect is the performance expectancies. The greatest effect is shown by the social factor on attitude towards the social commerce.
Solutions of the Information and Communication Technology (ICT) are the foundation of modern economic organizations in a knowledge economy. This is the case in particular in intelligent organizations, for which the advanced ICT infrastructure is the sine qua non condition for the effective knowledge management. This article is aimed at describing the role of modern ICT trends, which are described as SMAC, (Social, Mobility, Analytics, Cloud), and are becoming an essential ICT element supporting management processes. Such solutions enable to create new models of organization operations on the global markets using strategic resources, such as the knowledge supported with SMAC solutions. The arguments are illustrated with results of own research conducted by the author in 2014-2016 in selected SME’s from the Mazowieckie and Wielkopolskie rovinces and their reference to the general development trends in this area.
Ľubica Lesáková, Petra Gundová, Pavol Kráľ and Andrea Ondrušová
Background and Purpose: The field of innovation represents for small and medium enterprises (SMEs) a fundamental challenge. If the number of innovative SMEs is to rise, it is necessary to identify key factors determining their innovation activity and eliminate the innovation barriers. The main purpose of the paper is to present the results of primary research focused on identification (evaluation) of key factors and barriers determining innovation activities in Slovak SMEs. The division of SMEs into three groups of enterprises: innovation leaders, modest innovators and non-innovators enables to identify the differences in managers’ perception of the main factors and barriers determining innovation activities in various types of SMEs and to formulate policy implications for Slovak SMEs.
Design/Methodology/Approach: Results of the empirical research were processed using MS Excel and the statistical analysis of the data in R3.2.4. statistical system was done. For statistical tests we assumed significance level (α = 0.1).
Results: Evaluating the importance of the key factors a majority of enterprises (64.71%) indicated financial resources as the most important factor for the innovations. There is no statistically significant difference in individual (analysed) factors between innovation leaders, non-innovators and innovation followers (modest innovators). The results gained from Fisher exact test (p-value = 0.11) indicated a small difference in evaluating the significance of individual barriers between innovation leaders, non-innovators and modest innovators. Majority of enterprises also see as the main barriers to develop innovation activities bureaucracy and corruption and inappropriate state support of innovation activities.
Conclusion: The main implications (conclusion) coming from the research are basic recommendations for state policy makers as well as SME’s managers to foster innovation activities in enterprises. They refer to the areas of financial resources, high-quality human resources, cooperation and participation of SMEs in different networks and clusters, systematic institutional support to SMEs, well-created vision and clearly formulated aims, and willingness of enterprises to innovate. Recommendations are summarised following the results of factor’s and barrier’s evaluation.