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Entrepreneurial Characteristics and Sustainability of Small Firms in a Developing Economy
Victor Oghenenyerovwome Iki,
Esther Ejobosele Otoghile
Issue:
Volume 11, Issue 4, December 2023
Pages:
141-148
Received:
28 August 2023
Accepted:
12 September 2023
Published:
9 October 2023
Abstract: Small firms in a developing economy like Nigeria have been supported with funds, training, and enabling environment for success due to their role in economic growth. Despite these efforts to improve entrepreneurial characteristics and performance of firms, most small firms operate in the informal sector of the economy and do not have policies on sustainability practices. This study ascertains the personal entrepreneurial characteristics predominant in owners of small firms; and identifies the sustainability practices of small firms. All these were with the view to investigate the relationship between entrepreneurial characteristics of owners of small firms and sustainability practices of firms. A purposive sampling technique was used to select 94 respondents who are owners of small firms in Lagos State, Nigeria that responded to questions like the personal entrepreneurial characteristics predominant in owners of small firms; and the sustainability practices of small firms. Data were summarised using descriptive statistics and regression analysis to test the dependability of sustainability practices of small firms on the personal entrepreneurial characteristics of their owners. The results of this survey showed that majority of the owners of small firms possess entrepreneurial characteristics like opportunity seeking and initiative, risk taking propensity, demand for efficiency and product quality, innovation, creativity and persistence, commitment to the work contract, information seeking, proactiveness and goal setting, systematic planning and monitoring, networking and persuasion, independence, and self-confidence. It was also deduced from the survey that small firms do not fully implement sustainability practices in Nigeria (especially in the dimension of environmental conservation). The overall result shows that there is no significant relationship between entrepreneurial characteristics of owners of small firms and sustainability of small firms. In conclusion, entrepreneurial characteristics has no significant relationship with sustainability practices of firms.
Abstract: Small firms in a developing economy like Nigeria have been supported with funds, training, and enabling environment for success due to their role in economic growth. Despite these efforts to improve entrepreneurial characteristics and performance of firms, most small firms operate in the informal sector of the economy and do not have policies on su...
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Research Article
Social Mobility and Its Impact on the Government Development Policies in Contemporary Iran
Zabihollah Nademi,
Reza Shirzadi
Issue:
Volume 11, Issue 4, December 2023
Pages:
149-156
Received:
5 September 2023
Accepted:
8 October 2023
Published:
28 October 2023
Abstract: Social mobility is one of the consequences, results and consequences of social transformation, which is based on the movement of individuals and groups, which leads to the improvement of different social and economic situations. The study of these displacements, causes, and consequences is the subject of social mobility. Under the title of political development, it increases the capacity of groups, parties, and institutions to participate in the social atmosphere of society, which accelerates economic growth in developing countries. The aim is to investigate the impact of social mobility on political development in Iran, based on which the research framework has been drawn using a descriptive and analytical method, the influencing variables of which are individuals, classes, participation of parties, groups and populations present in the studied society. In this regard, he examined the role of each of these components on the process of political development, which the results of the studies show, social mobility is the result of the presence of the democratic process in the society, which is a clear example of the emergence of political parties and currents in such a way that the resulting social and political changes in the historical periods of the country, it shows the effect of the above-mentioned components within the governments, which has led to achievements, albeit small, but developmental.
Abstract: Social mobility is one of the consequences, results and consequences of social transformation, which is based on the movement of individuals and groups, which leads to the improvement of different social and economic situations. The study of these displacements, causes, and consequences is the subject of social mobility. Under the title of politica...
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Research Article
Examining the Relocation of Minority Businesses and Its Relationship with Gentrification and the Banking Industry
Issue:
Volume 11, Issue 4, December 2023
Pages:
157-163
Received:
28 October 2023
Accepted:
13 November 2023
Published:
21 November 2023
Abstract: Gentrification involves the introduction of innovative business prospects. Bringing new and diverse residents to a community necessitates the emergence of novel businesses and the revitalization of existing ones, thereby fostering opportunities. To accomplish this, businesses old and new often need financial services from banking institutes. Banks provide small businesses with business-specific financial services that support small business owners in managing their money. Studies add that banks also provide business owners with checking account services, business credit, debit cards, merchant services, lines of credit, and business loans. When the right relationship exists, a business owner’s bank does more than hold their money. It serves as a vehicle to address immediate business needs and plan for the future. Banks are vital to the life and growth of small businesses. While banks have provided these services for new white-owned businesses entering gentrified communities, research has demonstrated that these offerings are altered when minority small businesses are engaged. The research has found that minority businesses experience various issues when seeking financial services from banking institutes. These issues include a higher percentage of loan denials as compared to their white counterparts and higher interest rates, to name a few. The research sought to gather data on these disparities, utilizing various studies from cities and states experiencing gentrification, linking this information with past and presenting banking practices towards minorities and their businesses. The research also sought to demonstrate the importance of minority businesses to their communities and the results when those minority businesses are denied financial services from banking institutes. Finally, the research demonstrates the tools and resources accessible to aid minority businesses in redeveloping and thriving as their communities undergo transformation during gentrification and in the subsequent phases.
Abstract: Gentrification involves the introduction of innovative business prospects. Bringing new and diverse residents to a community necessitates the emergence of novel businesses and the revitalization of existing ones, thereby fostering opportunities. To accomplish this, businesses old and new often need financial services from banking institutes. Banks ...
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Research Article
Adoption Drivers in Decision Making of Enterprise Software Systems Implemented in Mexican SMEs
Félix-Eduardo Bueno-Pascual
Issue:
Volume 11, Issue 4, December 2023
Pages:
164-173
Received:
18 November 2023
Accepted:
5 December 2023
Published:
14 December 2023
Abstract: The successful implementation of Enterprise Systems (ES) in large companies to manage the logistics processes has spiked the interest for small and medium enterprise (SME) to consider implementation. However, given the relatively low capital and relatively high failure rate of small companies, the feasibility of utilizing and implementing such a system in small companies to manage logistics activities is in question. A method to examine the feasibility of implementing full scale ES for small companies based on the company resources, needs and readiness will assist small businesses in decision making and reduce the risk of failure. The objective of this study is to establish main adoption drivers to select information technologies that assists small companies to determine the feasibility of implementing full scale systems and the necessity to utilize a custom-made software system to manage logistics activities when an ES implementation is not feasible. A survey was administered to small companies in Mexico to identify the critical factors in implementing an ES, including the technology, organization, economic and operational requirements, and the readiness of the small company. Preliminary results show that small companies in Mexico tend to adopt these systems based on recommendations and advice; economic and operational feasibility were not part of the decision.
Abstract: The successful implementation of Enterprise Systems (ES) in large companies to manage the logistics processes has spiked the interest for small and medium enterprise (SME) to consider implementation. However, given the relatively low capital and relatively high failure rate of small companies, the feasibility of utilizing and implementing such a sy...
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Research Article
Exploring Big Data Applications in Social Media Marketing: Insights and Innovations
Chen Mengqiang*,
Jessa Frida T. Festijo
Issue:
Volume 11, Issue 4, December 2023
Pages:
174-189
Received:
4 October 2023
Accepted:
15 December 2023
Published:
26 December 2023
Abstract: This quantitative descriptive research study delves into the influence of Big Data analytics on the effectiveness of social media marketing strategies in the Chinese market. The research employed a survey questionnaire to gather data from 225 businesses that have integrated Big Data analytics into their social media marketing endeavors. The primary focus areas encompassed data collection, data analysis, and insights utilization, exploring their impact on understanding consumer behavior, preferences, and brand sentiments. The findings revealed several significant insights. Firstly, Big Data application substantially enhances the collection and analysis of consumer data from social media platforms, leading to more effective targeting and segmentation of audiences. Additionally, real-time data processing is crucial in adapting marketing strategies to the dynamic Chinese social media landscape. The study also emphasized the importance of personalization, as tailored content resonates strongly with individual consumer preferences. The research design allowed for the examination of demographic variations among respondents, revealing that age, gender, and social media engagement frequency do not significantly alter the impact of Big Data on marketing effectiveness. By harnessing data-driven insights and recognizing the nuances of the Chinese digital landscape, businesses can optimize their strategies for more personalized, timely, and effective engagement with consumers.
Abstract: This quantitative descriptive research study delves into the influence of Big Data analytics on the effectiveness of social media marketing strategies in the Chinese market. The research employed a survey questionnaire to gather data from 225 businesses that have integrated Big Data analytics into their social media marketing endeavors. The primary...
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Research Article
Research on the Implementation Path of Rural E-commerce Poverty Alleviation in Tai'an City Under the Live Streaming Economy
Issue:
Volume 11, Issue 4, December 2023
Pages:
190-194
Received:
3 December 2023
Accepted:
15 December 2023
Published:
26 December 2023
Abstract: The development and growth of the e-commerce live streaming industry will play a positive role in enhancing the city's brand image, promoting the growth and strengthening of advantageous industries. Under the situation of "live streaming sales", rural e-commerce will also be the future development direction. Applying online live streaming to the development of rural e-commerce can promote the application of live streaming e-commerce in the field of poverty alleviation, and advance the pace of agricultural modernization and digital construction. But the sudden rise of live streaming has also exposed issues such as false sales, inadequate logistics services, and a lack of knowledge structure among live streaming salespeople. As an agricultural city, we should take advantage of the trend of live streaming economy, leverage the advantages of traditional well-known agricultural product production areas in Tai'an City, build a poverty alleviation model of "live streaming+e-commerce", improve the quality and supply structure of agricultural products, promote the transformation and upgrading of the agricultural industry, and use live streaming e-commerce to assist in precise poverty alleviation and rural revitalization strategies.
Abstract: The development and growth of the e-commerce live streaming industry will play a positive role in enhancing the city's brand image, promoting the growth and strengthening of advantageous industries. Under the situation of "live streaming sales", rural e-commerce will also be the future development direction. Applying online live streaming to the de...
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