The Role of the Internet in Overcoming Information Barriers: Implications for Exporting SMEs of the East African Community

Mori, Neema; Munisi, Gibson

doi:10.7341/2012824

Cited by 7 publications

(8 citation statements)

References 34 publications

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“…Small and medium-sized enterprises (SMEs) are commonly thought of being the key drivers of economic growths in the nations of the world [1]. Over 95% enterprises in the world, for example are SMEs, creating about 60%-70% of the total global jobs [2][3][4]. Because of their importance to economic growths, the crucial question dominating SMEs in the globe is on whether loans infused to them by Microfinance institutions (MFIs) are credible enough to sustainably accelerate their positive growths or not.…”

Section: Background Informationmentioning

confidence: 99%

Credibility of Microfinance Institutions Loans to Financial Sustainability of Small and Medium Enterprises in Tanzania: A Case of Selected Enterprises in Arusha

Mwankemwa

2022

AJEBA

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In evolution of global business, entrepreneurs have faced a number of new dares as they get into rivalries in their respective industries. Small and Medium Enterprises (SMEs) financing by Micro Financing Institutions (MFIs) has been one of the areas of interest to establish the credibility of loans provided by the said funding institutions. The purpose of this study was to determine MFIs loans credibility for the sustainability of SMEs in Tanzania. The specific objectives of the study were two, namely: to analyze the MFIs loans credibility on financial sustainability of the SMEs in Arusha City; and, to establish the effective supportive mechanisms for MFIs loans sustainability to SMEs in Arusha City. The study was a mixed quantitative and qualitative in approach, adopted a multiple case study design; involving few selected SMEs in Arusha – Tanzania. The study used qualitative and quantitative data gathered by the use of research schedules. The collected data were analyzed by the aid of Statistical Package for Social Sciences (SPSS) v.16 software. Descriptive statistics such as: frequencies, percentages, and mean were tabulated for giving gist to data; and hence, drawing the conclusion. The results in this study meant to help the stakeholders to ascertain whether MFIs’ loans provided by the said institutions are credible enough to ensure the sustainability of the funded SMEs or not. The study revealed that, the credibility of MFIs loans is impaired by; borrowers lack of collateral; lack of trainings; institutional corruptions; high interests attached to loans and inadequate grace periods provided to borrowers, among others. The study recommends the link between SMEs success and MFI’s group landing model be an area for future studies; in assessing its effectiveness for the said parties’ mutual growths.

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Section: Background Informationmentioning

confidence: 99%

Credibility of Microfinance Institutions Loans to Financial Sustainability of Small and Medium Enterprises in Tanzania: A Case of Selected Enterprises in Arusha

Mwankemwa

2022

AJEBA

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“…Factors such as lack of market information, low standard of products produced by the SMEs, lack of knowledge of marketing regulations and standards, lack of consumer needs assessment, weak marketing networking structures and high competition hamper SMEs internationalization (Mbago, 2013;Kazimoto, 2014). Others are lack of information to locate and analyze foreign market, inability to find foreign customers, inability to identify and explore foreign business opportunities, lack of product promotion and inadequate information (Mori & Munisi, 2012).…”

Section: Theme 5 International Marketing Related Constraints and Global Competition (Img)mentioning

confidence: 99%

“…Others are lack of information to locate and analyze foreign market, inability to find foreign customers, inability to identify and explore foreign business opportunities, lack of product promotion and inadequate information (Mori & Munisi, 2012). Trade policies must address issues related to asymmetric information.…”

Section: Figure 3 Framework For Analyzing Sme Participation In Gvcsmentioning

confidence: 99%

SMEs’ competitiveness and international trade in the era of Global Value Chains (GVCs) in Tanzania: An assessment and future challenges

Lwesya

2021

SBIR

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International trade continues to play a crucial role in economic transformation in African countries. The rise of Global Value Chains (GVCs) presents opportunities through which international trade can be effectively conducted. GVCs facilitate organization of trade, international production and investment by locating different stages of production process across varied countries. This presents opportunities to integrate Small and Medium Enterprises (SMEs) into global trading systems but also may generate challenges particularly to resource constrained SMEs. Reviewing the challenges for the participation in international trade and possible integration into GVCs by Tanzania’s SMEs, the results show that the major challenges for SMEs internationalization are international marketing related constraints and global competition (69%), supply side constraints (56%), unfriendly investment climate (50%) and financial constraints (37.5%). As such, the role of trade policies remains critical in mitigating some of these challenges through formulating friendly legal and regulatory frameworks, enhancing SMEs productivity by building their managerial and technical capacities, minimizing trade costs, and increasing trade openness. However, given the current global, regional and domestic developments in Tanzania, trade policies need review so as to respond to the changing global trade landscape but also promote policy harmony, coherence and complementarities among varying implementing institutions, deficiency of which is debilitating policy implementation at present

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“…Results showed that ICT technology adoption is better facilitated in companies that are relatively large, have large human capital, engage in more innovative activities, and align their organizational structure with the given technology in order to maximize the potential. Mori and Munisi (2012) concluded that if SMEs were to use ICT efficiently, their export performance would most likely improve due to specific technology features that empower extension to the international market.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

E-business tools adoption and export performance: Empirical evidence from Croatian companies

Šimić¹,

Biloš²,

Mijoč³

2019

JEMI

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Technology development has enabled companies of all kinds, industries, and sizes to acti vely parti cipate in internati onal business. Informati on and communicati ons technology (ICT), and especially e-business tools, are important for the internati onal acti viti es of companies. ICT empowers the company's potenti al to contribute signifi cantly to economic growth, as it plays a vital role in simplifying business processes and contributes to the improvement of the competi ti ve market presence of a company. The objecti ve of this research is to identi fy the level of e-business tools adopti on in Croati an exporti ng companies and investi gate its infl uence on their export performance. In the analysis of the level of e-business tools adopti on, a parti al OECD e-commerce maturity model was used, which measures several aspects of ICT readiness and intensity of web sites and e-commerce in exporti ng companies. Several disti nct aspects of e-business tools adopti on were examined, namely e-mail usage, internet usage in market research, promoti on, e-commerce, and e-payment possibiliti es. The export performance level was measured through three elements: the export/total business acti viti es rati o, the export/total revenue rati o and, additi onally, the existence of multi lingual offi cial websites. Our fi ndings provide enough evidence that e-business tools adopti on has a positi ve correlati on to export performance for Croati an exporters. However, it should be noted that three e-business tools adopti on factors positi vely correlate with export performance: namely (1) e-mail use for correspondence with partners/suppliers/buyers, (2) use of the internet as a promoti onal tool for foreign markets and (3) e-payment use. Two remaining e-business tools adopti on factors that were measured -(1) use of the internet as an informati on source on foreign markets/ (Eds.) buyers/suppliers and (2) online ordering/sales, did not record a significant correlation with export performance. These findings imply that there is still room for better implementation of e-business tools in Croatian exporting companies, particularly regarding market research and online ordering and sales that can contribute to better export performance. With regard to international market geographical orientation, we found significant differences in exporting companies oriented toward geographically and culturally distant markets (non-regional and non-EU markets) that have a statistically higher level of e-business tools implementation in comparison to those exporting dominantly to regional and EU markets. This illustrates the significance of e-business tools adoption for reaching and managing those distant markets that are important for a number of Croatian exporters.

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The Role of the Internet in Overcoming Information Barriers: Implications for Exporting SMEs of the East African Community

Cited by 7 publications

References 34 publications

Credibility of Microfinance Institutions Loans to Financial Sustainability of Small and Medium Enterprises in Tanzania: A Case of Selected Enterprises in Arusha

Credibility of Microfinance Institutions Loans to Financial Sustainability of Small and Medium Enterprises in Tanzania: A Case of Selected Enterprises in Arusha

SMEs’ competitiveness and international trade in the era of Global Value Chains (GVCs) in Tanzania: An assessment and future challenges

E-business tools adoption and export performance: Empirical evidence from Croatian companies

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