SMEs Inovation and Growth in EU

Veselinova, Elena; Gogova-Samonikov, Marija

doi:10.7595/management.fon.2012.0022

Cited by 5 publications

(4 citation statements)

References 2 publications

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“…The innovation is the main characteristic of the successful marketing strategies; it is the "lifeline of every organization" (Foxall et al, 2007, p. 10;Milas, 2007;Crawford & Benedetto, 2000). Innovation is important for small and medium enterprises as well, as it affects their ability to grow (Veselinova, Gogova Samonikov, 2012). The distinction between the short term and the long term is especially critical for radical innovations that create a completely new product category (Gatignon, Gotteland,Haon, 2016).…”

Section: The New Product In the Area Of Marketing Managementmentioning

confidence: 99%

Consumer Behaviour in the New Products Management in Serbia

Jovanovic¹,

Radojičić

2016

ManageFon

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Section: The New Product In the Area Of Marketing Managementmentioning

confidence: 99%

Consumer Behaviour in the New Products Management in Serbia

Jovanovic¹,

Radojičić

2016

ManageFon

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“…Innovation involves the industrial or commercial use of something new: new goods or services, new production methods, new markets or sources of supply, new forms of organization or new methods of financial organization. (Veselinova & Gogova Samonikov, 2012).…”

Section: Introductionmentioning

confidence: 99%

Human Resource, Culture and Innovation as The Success Factors of The Coastal Tourism Community Objects

Kawulur

Tumiwa

Rumagit

2020

JICP

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Currently the central government and government of North Sulawesi Province are actively doing implementation of infrastructure development, especially, infrastructure development which connects with coastal tourism area in North Minahasa regency, Indonesa. Therefore, it is necessary to look that impact on tourism and coastal community's economics growth. This purposed of study were to analyze the factors of human resources, 'Mapalus' culture and technological and product innovations. Those factors indicated could strengthen the sustainability of community businesses around the coastal tourism at North Minahasa, North Sulawesi Province, Indonesia. The method was used in this research is a qualitative method. Data were collected with in-depth interview to several key informants and community business in the vicinity of North Minahasa Regency coastal tourism objects. The results showed that the factor of human resources play an important role in community entrepreneurship groups, such as ownership and business integrity. Research also figure out some business groups have not succeeded yet, even though they were supposed had enough knowledge, experience and skills due of some of them were the participants of entrepreneurship upgrading. The cultural value of 'Mapalus' were also always seen when the one group of fishermen go out to sea. However, from the research discover surprising result, the value of 'Mapalus' culture has been missing their noble value. That fact, seen from the cultural values has begun to erode due to the development of villages which are valued more with financial exchange. The technology and product innovation capabilities factors in the coastal areas are still low and need to be improved. The results indicate coastal business community need of presence of the expert assistants to increase technology and product innovation capabilities.

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“…Banks no longer provide just basic services. They have reassessed their strategic positioning of services and determined the strategic fit to clientele's needs [38]. The right balance between service offering and clients' needs is critical for success.…”

Section: Introductionmentioning

confidence: 99%

“…The barrier to accessing finance inhibits growth and sustainable business opportunities for SMEs [31]. Access to skills has been cited as one of the growth barriers [38]. ABSA ED does not only address the issue of access to markets, but also offers business support as well as access to finance.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Absa Enterprise Development on Small and Micro Enterprise Growth

Makhubele¹,

Nieuwenhuizen

2016

SJBM

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ABSA Enterprise Development (ABSA ED), a division within Barclays Africa Group Limited (bank and finance sector), was established with the mandate to create an enabling environment that supports, advances funding and grants access to markets directed at small and micro enterprise (SME) growth and sustainability. The primary research objective was to determine the impact of the ABSA ED service on the development and growth of the SMEs that bank with ABSA and make use of ABSA ED. The secondary research objective was to identify and assess SMEs that are using the ABSA ED service and to determine their growth position by assessing business growth, competition, business strategy and business development. A quantitative research approach was adopted and included a survey in which 106 SMEs participated. Findings reveal that SMEs are positively impacted by ABSA ED interventions in business growth, strategy and development, but they lacked awareness of competition. SME strategy was significantly related to firm growth, and use of ABSA ED showed a strong positive relation of .8034, although a small effect correlation (.0149) on improving business sales/turnover. Business development indicated no significant correlation between the number of training opportunities the entrepreneur attended and the growth levels of the firm. The age of 55.2% of the businesses surveyed ranged between 1 and 5 years, indicating the relative start-up phase of the SMEs. SMEs confirmed the use of business skills acquired through ABSA ED training seminars. Although findings reflect positive impact on the growth of the SME, the Procurement Portal product reflects low growth impact. A link was found between business strategy and SME growth, where the use of ABSA ED had medium correlation, while business development correlated negatively to business growth.

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SMEs Inovation and Growth in EU

Cited by 5 publications

References 2 publications

Consumer Behaviour in the New Products Management in Serbia

Consumer Behaviour in the New Products Management in Serbia

Human Resource, Culture and Innovation as The Success Factors of The Coastal Tourism Community Objects

The Impact of Absa Enterprise Development on Small and Micro Enterprise Growth

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