Technology Acquisition and SMEs Performance, the Role of Innovation, Export and the Perception of Owner-Managers

Mallinguh, Edmund; Wasike, Christopher; Zéman, Zoltán

doi:10.3390/jrfm13110258

Cited by 22 publications

(26 citation statements)

References 69 publications

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“…Nonetheless, because of their key decision-making position, the impression of business owner and managers is critical. To handle entrepreneurial finance difficulties, the government’s policy framework for funding or assisting small and medium businesses is also critical ( Mallinguh et al, 2020 ).…”

Section: Introductionmentioning

confidence: 99%

Role of Technological Acquisition and R&D Expenditure in Innovative Investment

2022

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Despite the mounting importance of digitalization among industries and the corporate sector, the stress on the transformation of business operations is limited, thus creating a gap in the literature. The current study aims at determining the role of technological acquisition and research and development (R&D) expenditure in innovative investment. Technological acquisition and R&D are two crucial indicators of digital innovation. Therefore, to understand this, the current study collected data using a questionnaire survey method from 341 employees of the R&D department in the corporate sector of China. Data analysis was performed using the structural equation modeling (SEM) technique. The software used for the statistical analysis of the data was Smart-PLS. Results of the study showed a significant relationship between the independent variables (technological acquisition and R&D) and the dependent variables (innovative investment and attitude toward digital innovation). The study also found that attitude toward digital innovation among the employees positively and significantly impacted innovative investment. Moreover, attitude toward digital innovation acts as a partial mediator between technological acquisition and innovative investment, and R&D and innovative investment. Furthermore, technological culture significantly moderated the relationship between technological acquisition and innovative investment, but did not moderate the relationship between R&D and innovative investment. Henceforth, to practically imply the present study, it is important to ensure the use of the technology is made common by providing training to the employees so that the technical skills of the employees can be polished and utilized for the betterment of the firm.

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Section: Introductionmentioning

confidence: 99%

Role of Technological Acquisition and R&D Expenditure in Innovative Investment

2022

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“…A compelling body of research intimates that technology acquisition and transfer are important for all businesses, particularly small businesses (Charmjuree et al, 2021;Kooli-Chabane et al, 2014;Madichie et al, 2019;Mallinguh et al, 2020). Technology acquisition and transfer help SMMEs to acquire technical knowledge, skills and abilities (KSA) (Rambe & Khaola, 2021), improve their process innovation (Mallinguh et al, 2020) and plausibly increase their performance.…”

Section: Technology Acquisition and Performancementioning

confidence: 99%

“…Empirically, studies provide evidence that technology acquisition and transfer tend to increase the innovation performance of SMMEs (Charmjuree et al, 2021;Kooli-Chabane et al, 2014), productivity and competitiveness of small-scale agricultural businesses (Rambe & Khaola, 2021) and satisfaction of clients in beauty salons (Mudzingwa & Kabote, 2014), to name a few studies. Mallinguh et al (2020) established that the proportion of capital budget allocated for technology acquisition positively and significantly influence innovation and sales of SMMEs. Despite this plethora of studies that examined the effects of technology acquisition on SMME variables, few studies have paid particular attention to hair salons.…”

Section: Technology Acquisition and Performancementioning

confidence: 99%

“…Furthermore, despite the importance of technology acquisition and effective human resources management (HRM) practices for the success of large organisations, the research on the effectiveness of these resources in SMMEs is only beginning to emerge (Madichie et al, 2019;Mallinguh, Wasike, & Zoltan, 2020). It is therefore not clear whether and how technology acquisition and HR practices influence the effectiveness of SMMEs, particularly hair salons.…”

Section: Introductionmentioning

confidence: 99%

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Technology acquisition and the hair salon performance: The explanatory roles of human resources practices

Rambe

Mpiti

Khaola

2022

SA j. hum. resour. manag.

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Orientation: The prominence of technology acquisition and transfer amongst small firms in entrepreneurial literature does not provide a compelling explanation for the processes and mechanisms through which such variables impact the performance of these firms.Research purpose: The study investigates the extent to which specific human resource practices mediate the interaction between technology acquisition and performance of small cosmetology firms in the Central region of South Africa.Motivation for the study: The extensive examination of technology acquisition and human resource practices fails to provide significant insights into the interaction of these factors in shaping the performance of small firms.Research approach/design/method: From a population estimate of 500 hair salons situated in the Central region of South Africa, a survey was administered on randomly selected 150 hair salons. Statistical Package for Social Sciences (SPSS, Version 20) and Partial Least Squares Structural Equation Modelling (PLS-SEM) were used to analyse the 110 returned questionnaires that were complete and usable.Main findings: The findings demonstrated a direct, positive and significant effect of technology acquisition on small, micro and medium enterprise (SMME) performance and confirmed the partial mediation of employee technical skills training on the interaction between technology acquisition and hair salon performance. Surprisingly, general business skills training partially but negatively mediated technology acquisition’s interaction with hair salon performance.Practical/managerial implications: It is recommended that policymakers and entrepreneurs emphasise training technical skills development and acquisition of technology to improve the performance of their businesses.Contribution/value-add: The main contribution of this study lies in its provision of mechanisms through which the acquisition of technology impacts small firms, business entities that are under theorised and less robustly studied in developing countries’ contexts.

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“…The sales reporting systems and business managements are still traditional. It is very important for SMEs to use modern methods of management, making decisions in an environment of uncertainty while taking advantage of limited resources [138]. Furthermore, to remain competitive, SMEs must secure and maintain technology; a business needs to stay informed about future technology while developing a maintenance and asset replacement strategy [139].…”

Section: Determinants Of Human Resource Capacity and Productivity Of Smesmentioning

confidence: 99%

Economic Business Sustainability and Strengthening Human Resource Capacity Based on Increasing the Productivity of Small and Medium Enterprises (SMEs) in Makassar City, Indonesia

Hernita¹,

Surya

Perwira³

et al. 2021

Sustainability

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The dynamics of urban development coupled with economic growth have contributed positively to the development of small and medium enterprises (SMEs). Optimizing the utilization and strengthening of the capacity of SMEs’ human resources will encourage increased productivity of economic enterprises and the sustainability of small and medium enterprises (SMEs). This study aims to analyze (1) strengthening the capacity of human resources (HR) of small and medium enterprises to work as a determinant of increasing the productivity of small and medium enterprises (SMEs) and labor absorption; (2) the effect of strengthening the capacity of human resources (HR), business productivity, technology utilization, and business diversification on the sustainability of small and medium enterprises (SMEs); and (3) optimizing the role of government in supporting business development, increasing productivity, business stability and sustainability of small and medium enterprises (SMEs). This study uses a sequential explanatory design approach. Data were obtained through observation, in-depth interviews, surveys, and documentation. Qualitative analysis in this study was carried out through a process of data reduction, data presentation, and conclusion drawing, while the quantitative analysis in this study uses quantitative descriptive analysis, correlation, and multiple regression. The results showed that strengthening the capacity of human resources, coupled with the use of technology, and followed by diversification of business, had a positive contribution to increasing the productivity of small and medium enterprises (SMEs). Furthermore, strengthening human resource capacity, business productivity, technology utilization, and business diversification simultaneously have a positive and significant correlation to the sustainability of small and medium enterprises (SMEs) with a determination coefficient of 72.3%. This study recommends that government policy support through strengthening human resource capacity, increasing business productivity, technology utilization, and business diversification have an impact on the sustainability of small and medium enterprises (SMEs) in Makassar City, Indonesia.

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Technology Acquisition and SMEs Performance, the Role of Innovation, Export and the Perception of Owner-Managers

Cited by 22 publications

References 69 publications

Role of Technological Acquisition and R&D Expenditure in Innovative Investment

Role of Technological Acquisition and R&D Expenditure in Innovative Investment

Technology acquisition and the hair salon performance: The explanatory roles of human resources practices

Economic Business Sustainability and Strengthening Human Resource Capacity Based on Increasing the Productivity of Small and Medium Enterprises (SMEs) in Makassar City, Indonesia

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