Key Success Factors for Small and Medium Size Enterprises in a Context of Global Supply Chains

Stonkutė, Eglė; Vveinhardt, Jolita

doi:10.1007/978-3-319-27570-3_9

Cited by 12 publications

(7 citation statements)

References 58 publications

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“…Inter-organizational trust is widely acknowledged as a key relational mechanism in governing and coordinating logistics activities between partner firms (Lai et al , 2008). Trust is important for the information sharing and collaboration between supply chain partners and development of long-term collaborative strategy (Stonkutė and Vveinhardt, 2016). Therefore, inter-organizational trust in a supply chain relationship will bring the high levels of cooperation, and further improve the satisfaction of both parties.…”

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Developing a model for supply chain agility and innovativeness to enhance firms’ competitive advantage

Chen

2019

166

133

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Purpose Developing agility and innovativeness as dynamic capabilities are important for firms to sustain their competitive advantage in today’s global economy. The purpose of this paper is to develop and empirically test a framework to investigate how the supply chain agility and innovativeness are achieved through IT integration and trust in members of supply chain and how these, in turn, can enhance firms’ competitive advantage. Design/methodology/approach This research employs a survey method and data are collected from senior managers working in the supply chain or IT area. The model and hypotheses are tested utilizing data from 204 usable Taiwan manufacturing firms via structural equations modeling methodology. Findings The study demonstrates that both IT integration and trust in supply chain members significantly enhance supply chain agility and innovativeness, which in turn positively affect firm’s competitive advantage. The results indicate that IT integration and trust are antecedents and major joint partnership resources for improving supply chain agility and innovativeness. Research limitations/implications Data are collected from manufacturing industry in Taiwan and single respondent from each firm, the generalizability of current findings to other industries or countries should require additional investigation. Practical implications The study suggests that a firm should focus on IT integration and trust in supply chain members to achieve supply chain agility and innovativeness. To take advantage of supply chain agility and innovativeness, through maximizing firm’s competitive advantage, firms should continually adapt to the fast changing business environment and search for creative ways to satisfy new market needs. Originality/value Given the attention paid to supply chain agility and innovativeness in terms of importance to responding to business uncertainty and competitiveness, and more recently, as important capabilities in managing supply chain management, this paper investigates how IT integration and trust can contribute to supply chain agility and innovativeness. Provide evidence regarding the impact of IT integration and trust on agility of supply chains, innovativeness and competitive advantage.

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Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Developing a model for supply chain agility and innovativeness to enhance firms’ competitive advantage

Chen

2019

166

133

View full text Add to dashboard Cite

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“…Trust building is long-term multi-disciplinary agenda in collaborative networked organizations including those in supply chain and logistics (Daudi et al 2017). They continue that trust is important for the information sharing and collaboration between supply chain partners and it enables development of log-term collaborative strategy (Stonkutė and Vveinhardt 2016). For supply chains, collective optimization, with sharing and cooperation is key to success.…”

Section: Introductionmentioning

confidence: 99%

An Examination of Trust as a Strategical Factor of Success in Logistical Firms

Oláh

Karmazin²,

Fekete

et al. 2017

Business: Theory and Practice

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The aim of this research is to examine the effect of the role and level of in-sector trust (involving clients, subcontractors, and other logistics providers) and trust within firms in creating competitiveness in logistics service providers. The data were collected from 51 logistics service providers in Hungary. During our research we established that trust related to staff is decisive in the direction of the firm’s profitability, and the trust communicated by the top manager (trust in partners) is essential in ensuring smooth operations and long term, stable flexible cooperation. The results of this paper effectively support logistics service providers in finding economic success factors, thanks to which they can completely satisfy the expectations of customers in the supply chain.

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“…In addition, it may be argued that the sample not necessarily reflects the ideas and opinions of a much larger population and thus the project results cannot be widely generalized. Nevertheless, the research findings on the factors hampering SMEs' internationalization finds broad support across the strategic management literature (Stonkutė and Vveinhardt, 2016;Wang, 2016).…”

Section: Limitations and Recommendationsmentioning

confidence: 97%

The Impact of Internationalization Processes on the Exploitation of Existing Markets: The Case of Italian Fashion SMEs

2020

IJEKM

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To survive and prosper in the era of globalization, Italian fashion SMEs increasingly operate overseas, directly or through intermediaries. Expanding internationally helps these firms seize new business opportunities, but also confronts them with strategic and operational issues, challenging their ability to remain competitive in existing markets. Starting from these premises, an empirical study was conducted to assess the impact of internationalization processes on market exploitation in Italian fashion SMEs. The researcher analyzed a sample of 310 companies and adopted the explanatory sequential design, involving the use of quantitative and qualitative methods in two consecutive phases. According to the research results, most SMEs experienced a lower degree of responsiveness, higher costs and growing levels of organizational complexity during the first stages of internationalization, with detrimental effects on market exploitation.

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Key Success Factors for Small and Medium Size Enterprises in a Context of Global Supply Chains

Cited by 12 publications

References 58 publications

Developing a model for supply chain agility and innovativeness to enhance firms’ competitive advantage

Developing a model for supply chain agility and innovativeness to enhance firms’ competitive advantage

An Examination of Trust as a Strategical Factor of Success in Logistical Firms

The Impact of Internationalization Processes on the Exploitation of Existing Markets: The Case of Italian Fashion SMEs

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