The Role of the Small Business Within the Economy

Mazzarol, Tim; Reboud, Sophie

doi:10.1007/978-981-13-9509-3_1

Cited by 2 publications

(6 citation statements)

References 31 publications

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“…Small and medium-sized enterprises (SMEs) are considered the most crucial sector of the economy because they create jobs [1][2][3] and are a source of innovation, entrepreneurial spirit, and competition in the market [4] [5]. Moreover, they take advantage of individual creative efforts, which makes them vital for a dynamic and healthy economy [4].…”

Section: Micro Small and Medium-sized Enterprises (Msmes)mentioning

confidence: 99%

“…Hillary [4] highlights that 99.8% of businesses in the UK are small or medium-sized, which is also the case in other countries worldwide. Keeffe [6] states that these businesses are the majority globally and contribute to job creation and internal production in their respective countries [5]. Groepe [5] adds that they play a crucial role in innovation and productivity growth.…”

Section: Micro Small and Medium-sized Enterprises (Msmes)mentioning

confidence: 99%

“…Keeffe [6] states that these businesses are the majority globally and contribute to job creation and internal production in their respective countries [5]. Groepe [5] adds that they play a crucial role in innovation and productivity growth. Small businesses also create employment opportunities, particularly for women, immigrants, and minority groups [5], and are essential for socioeconomic development, especially in the face of globalization [7] and economic recovery following crisis [8].…”

Section: Micro Small and Medium-sized Enterprises (Msmes)mentioning

confidence: 99%

“…Small and medium-sized companies (SMEs) are identified as a vital economic sector, contributing to job creation [1] [2], innovation, entrepreneurial spirit, and market competition [3][4][5]. Hillary [4] and Keeffe [6] note that 99.8% of businesses in the UK and globally are SMEs, playing a pivotal role in job creation, internal production, innovation, and productivity growth.…”

Section: Introductionmentioning

confidence: 99%

“…Hillary [4] and Keeffe [6] note that 99.8% of businesses in the UK and globally are SMEs, playing a pivotal role in job creation, internal production, innovation, and productivity growth. Additionally, SMEs provide employment opportunities for women, immigrants, and minority groups [5] and are essential for socioeconomic development, especially in the face of globalization [7] and post-crisis economic recovery [8]. Their adaptability allows them to respond swiftly to market demands and withstand economic challenges [7].…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Problems and solutions in adopting information and communication technology in micro and small enterprises

Vargas,

Fontoura

2024

IJISPM

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Micro and small enterprises (MSEs) are predominant worldwide and responsible for the greater employability of citizens, income generation, and production. However, they face resource constraints and rely on information and communication technology to remain competitive, which often causes many problems during or after the adoption process. Knowing the problems that affect micro and small enterprises and the solutions adopted may help other companies face the same issues. In this work, based on a systematic literature review (SLR), we identified and analyzed the problems that occurred during or after the implementation of information and communication technologies in micro and small enterprises and what actions were taken to solve them. We sought to understand the behavior of problems and solutions in the last 21 years and the factors that influenced them. We performed an SLR using the snowballing technique, retrieving 12,936 articles in eight iterations, and selecting and analyzing 105 papers. As a result, we identified 129 problems, divided into 12 categories, and 48 solutions. Such an analysis is advantageous for academia, governments, and business managers, as it allows one to understand problems in advance and formulate more efficient policies, plans, and projects for these enterprises.

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Section: Micro Small and Medium-sized Enterprises (Msmes)mentioning

confidence: 99%

Section: Micro Small and Medium-sized Enterprises (Msmes)mentioning

confidence: 99%

Section: Micro Small and Medium-sized Enterprises (Msmes)mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Problems and solutions in adopting information and communication technology in micro and small enterprises

Vargas,

Fontoura

2024

IJISPM

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Potential of Using the Results of Market Observations in Forecasting Employment in Small Businesses in Russia

Сергеевна

Manukov

2021

Vopr. stat.

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The article presents results of analysis of the predictive potential of short-term forecast estimates of employment level in the small business segment by four sectors of the Russian economy: manufacturing, construction, wholesale and retail trade.From the authors’ point of view, one of the promising sources of data for such estimates can be found in market observations of entrepreneurial activity, which now are a common source of economic information in national as well as international practice. These surveys play an important role in measuring the dynamics of employment in countries and industries, being a supplementary statistical tool.The objective of the work was to prove the existence of a stable statistically significant relationship between the predicted estimates of employment based on business (market) surveys and the dynamics of the corresponding statistical macro-aggregates in various sectors, and applicability of predictive models of employment change based on results of business (market) surveys.The novelty of the presented results (authors’ contribution) resides in the fact that for the first time, using an expanded sample (over 14 thousand respondents), were studied the possibilities of predicting labour market indicators in small businesses based on leading data from business surveys, examining separately retail trade, wholesale trade, construction, and manufacturing. According to the results obtained based on the Granger causality and pseudo-out-of-sample analysis, in all the industries under consideration, entrepreneurial assessments and expectations are effective predictive indicators for forecasting employment dynamics in the short term (two to four months) and identifying turning points in employment growth in the small business segment. The most sensitive predictive estimates were found in the retail and wholesale sectors, with the best results obtained for wholesale trade. For this reason, the authors recommend using the employment expectations indicator primarily in these sectors to monitor the level of employment and unemployment.

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The Role of the Small Business Within the Economy

Cited by 2 publications

References 31 publications

Problems and solutions in adopting information and communication technology in micro and small enterprises

Problems and solutions in adopting information and communication technology in micro and small enterprises

Potential of Using the Results of Market Observations in Forecasting Employment in Small Businesses in Russia

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