The Effect of Internal and External Factors on the Business Success of Agri-based Exporting Small and Medium Scale Enterprises in Thanh Hoa Province, Vietnam

Abstract

The purposes of the research are to determine the main factors affecting the business success of agri-based exporting firms in Thanh Hoa Province. To achieve these research objectives, quantitative and qualitative method were used concurrently. 275 questionnaire survey was sent out, but only 180 respondents replied suitably for the quantitative analysis through SPSS 20.0 software. Cronbach's Alpha, EFA, and regression are taken to confirm the research result further. The research finding shows that external factors have much more affecting than others internal one on the business success of exporting SMEs, in which external factors have much effect on the Business Success of Agri-based Exporting Small and Medium-Sized Enterprises in Thanh Hoa Province than internal factors.

Do innovation and proactiveness impact the business performance of women-owned small and medium-scale enterprises in Vietnam? A study using the PLS-SEM approach

“…Social capital only appears when there is a link between individuals, groups and organizations (Santarelli & Tran, 2013). The greater the social capital, the higher the ability to access the information of customers, suppliers, rivals and the law of the business and that is also the potential for the performance of that business (Hasan & Almubarak, 2016;Loan, 2018).…”

“…In contrast, other resources are limited factors and can only be effective when there is a good combination with human resources. Therefore, the labor force and the quality of the workforce are criteria to evaluate the strength of the enterprise (Loan, 2018). Assessing the quality of human resources is often based on employees' knowledge and skills and the workforce's attitude which accounts for a large part of their work efficiency.…”

“…The need for capital to ensure production and business activities for developing new industries has become 258 Nurture: Volume 17, Issue 3, 253-271, 2023 Online ISSN: 1994-1633/ Print ISSN: 1994-1625 DOI: 10.55951/nurture.v17i3.314| URL: www.nurture.org.pk an urgent requirement for all businesses as well as commercial enterprises. Thus, business capital plays an important role, a prerequisite in enterprises' investment and development processes, creating competitive advantages and standing firmly in the market economy (Loan, 2018;Radzi, Nazri, & Nor, 2017). Most businesses need a huge source of capital to support their production and business activities but these capital sources are mainly borrowed from outside.…”

Business linkage and performance of small and medium-sized enterprises: A case study of enterprises engaged in exporting agricultural products

“…The resource-based view (RBV) posits that all resources within an enterprise have an impact on the business performance of SMEs with people having the strongest impact (Loan, 2018;Nuong, Hieu, & Loan, 2022;Safari & Saleh, 2020). The director's capacity encompasses all knowledge, skills, behaviors and attitudes of the director that relate to and support the management and administration of the business (Thuy & Loan, 2019).…”

“…Non-financial indicators such as partner or customer satisfaction, market share export market standards and reputation are also commonly used criteria to measure the business performance of SMEs exporting agricultural products (Ling-yee & Ogunmokun, 2001). Many studies have measured business performance using both financial and non-financial criteria groups with the scales proposed by Simpson et al (2012) and Loan (2018) or even based on the four criteria of the balanced scorecard (BSC) to comprehensively promote the BP of SMEs exporting agricultural products. Therefore, this study will measure the business performance of SMEs exporting agricultural products using both financial and non-financial criteria.…”