The implementation of a records management plan is an excellent approach to ensure small and medium-sized enterprises (SMEs) are sustained and continue to expand into huge or multi-national corporations. Maintaining records helps businesses in making better judgments and developing appropriate policies, resulting in enhanced effectiveness and efficiency. This will leverage means for tracking business progress and making appropriate decisions to expand the productive component of the economy. SMEs Business growth will help generate tax revenue for the government while also encouraging poverty reduction through tax transfers. We conducted a thorough investigation to determine the impact of each variable on business growth. For statistical analysis, a partial least squares structural equation modeling (PLS-SEM) methodology was applied. The results suggest that business records management and training have a positive indirect effect on business growth. However, the indirect effect of business records management policies insignificantly influences SMEs’ adoption of adequate record-keeping procedures, which harms business growth in Ghana. On the other hand, the total effect of the variables such as business records management training, business records management policies, and business records management positively impact business growth. Findings make a significant contribution to existing knowledge in the areas of record-keeping, management, and business growth. Business records management is an issue that requires more policy attention. This will business owners and managers strategically plan for new business directions based on data acquired. Proper record-keeping is necessary to satisfy end-users such as company directors, shareholders, external auditors, investors, creditors, and other interested parties. SMEs place a high value on business records management because of the impact it has on their long-term viability. The research outcomes provide a means for, and data on, business appraisal and management strategies.
In recent times, the emergence of knowledge and its application is fundamental to success and failure, for individuals, societies, business and corporate governance. Therefore, there is the neeed to tap up knowledge, disseminate and use for gaining a competitive advantage, despite the existing difficulties. Hence, having a pre-requisite knowledge on staff recruitment quality, employee's behavior to change management, inadvertent tacit knowledge, and knowledge update programs and their application will help determine the success of KM implementation in companies. In the process of KM implementation, some of the constraining factors are more general and have consequences on the knowledge management implementation process. However, enhancing and sustaining a competitive advantage and developing further innovative business strategies through the knowledge management implementation process is a means to grow companies, and achieve economic prosperity. This study examines the barriers to knowledge management implementation (KMI) and how they impact the implementation process in ten (10) companies in Ghana. The investigation was conducted using a survey design, which used valid sample adequacy of 295 respondents. Multiple linear regression model and ANOVA tests were applied. Our findings discovered a linked and aggregated impacts on the in dependent variable. The study revealed that staff recruitment quality and knowledge update programs have direct and positive effect on the KM implementation process (see figure 1). However, individual's inadvertent tacit knowledge and individual's resistance to change management were not statistically significant on the knowledge implementation process (see figure 1). Hence, companies must see staff recruitment quality, resistance to change management, inadvertent tacit knowledge, and knowledge update programs as variables with either positive or negative impact on KM implementation in businesses. Findings add to existing information in the fields of business and industrial management. We conclude that
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