Work-life balance is a dominant discourse in contemporary Western society. It has been built on a language of large organizations, hence has not been widely considered in relation to the small-medium enterprise sector. As a consequence, scant research has been conducted on the experiences of immigrant entrepreneurs and work-life balance within the small-medium enterprise sector in New Zealand, a country largely populated with migrants and small businesses which account for 96 per cent of the total enterprises. This study aims to fill this gap by firstly exploring the interpretations of the concept of work-life balance by Chinese immigrant entrepreneurs and, secondly, the main challenges they face in achieving work-life balance. This is done by drawing on literatures including those on work-life balance, small-medium enterprises, and immigrant entrepreneurship theories. Primary research was conducted using a critical interpretive approach where the researcher is an insider to the study. This philosophical and methodological approach makes it possible to give a minority group a voice to effect social change and gain further research attention. Fifteen Chinese business owners, chosen from a variety of industries within the Auckland region, participated in this study. A qualitative methodological technique and semi-structured interviews were used to collect the data for the case study on these entrepreneurs. The results indicate that the majority do not enjoy a sense of work-life balance because they take on filial obligations important for their own culture. They need to work hard to generate financial profit for the benefit of family. About half of them work more than 60 hours per week and three works longer than 70 hours weekly. The motivation for them to work in this way is to provide their family with desirable housing and to enable their children to meet higher education goals. This study challenges the applicability of the work-life balance discourse among the immigrant entrepreneurs who perceive the concept differently based on their cultural values. The results emphasise the need for business case studies from Chinese immigrant entrepreneurs and research attention on contemporary human resource topics to be given to minority groups.

In today’s technological environment, organizational capabilities for managing change are regarded as important for business survival and growth. In particular, dynamic organizational capabilities have attracted considerable research interest over the past decade. Recently several studies have suggested that dynamic capabilities may be associated with a concept termed organizational fitness. What is not clear in this emerging research stream is whether firms with superior organizational fitness are more likely to prosper than unfit firms. In addition, relatively little attention has been directed toward creating a systemic model of dynamic capabilities that explains organizational fitness. The nature of fitness has been intensively debated in the biological sciences over a period of several decades. A confusing variety of fitness definitions have emerged from this literature. The lack of an agreed definition of fitness has resulted in several streams of research on organizational fitness. As a result of this fragmentation, there has been little progress toward answering the question of how to measure organizational fitness. The fragmentation in organizational fitness literature is problematic, because research into the relationship between organizational fitness and firm performance is not well-advanced. In this study, organizational fitness is defined in terms of organizational capability to produce variation. By defining fitness in this way, the tautological criticisms leveled against existing concepts of fitness are avoided. The definition of fitness proposed here accommodates both an evolutionary learning perspective and a perspective of strategic management, and thus reflects an integrative approach to the concept. A notable feature of the literature exploring organizational fitness is that it has been focused on large corporations. However, a growing body of literature suggests that SMEs are different from large firms and need to be examined in their own right. SMEs are important contributors to business in most countries throughout the world. This study addresses that perceived gap in the literature and asks: What relationship, if any, is there between organizational fitness and business performance for SMEs? Theory is developed and tested here by means of a large sample of SMEs in New Zealand. Two distinct aspects of organizational fitness are identified for SMEs. First, survival fitness is associated with generic combinative capabilities. Second, growth fitness is associated with knowledge assimilation and transformation. SME growth fitness and survival fitness are each found to be positively related to business performance under a variety of contexts. Further, an increase of growth fitness and survival fitness provides a means of alleviating selection pressures for SMEs. That is, dynamic capabilities of knowledge assimilation and integration are found to be positively associated with SME business performance. In contrast to studies that advocate SME development of context-dependent capabilities, the findings of this study suggest an alternative perspective: variable selection pressures can be influenced by SMEs with a high level of survival and growth fitness.

The micro-enterprise (MCE) represents by far the largest category of businesses in most industrialised economies but until now it has not been recognised as an important participant in the foreign market. Much has been written about how larger firms internationalise through the gradual acquisition of knowledge and resources, although there is a paucity of literature on how the MCE exploits international markets often despite the absence of such acquisitions. This thesis proposes that building a portfolio of relationships is critical in facilitating both market entry and subsequent outcomes. A more detailed investigation of this process helps reveal precisely how MCE internationalisation is largely a function of its specific relationship building efforts.Employing a multiple case study approach, in-depth interviews were held with founders and directors from seven MCE's, purposely selected from three main centres of commercial activity in New Zealand. Interview participants were encouraged to provide detailed longitudinal retrospections of their firm's internationalisation journey, with a particular emphasis on precisely how resource constraints were overcome during this process. All interviews were recorded and transcribed, and together with other confirmatory data sources, these formed the canon of evidence used for ongoing analysis and interpretation. The whole research process was an iterative one with observations made from earlier cases being challenged and refined through the consideration of data from subsequent cases.Several key findings emerged from this study. Firstly, internationalisation is of considerable significance to the MCE in that it expands product and market opportunities, improves operational competencies, and provides an outlet for the achievement of both financial and relational goals. Secondly, key relationships developed during this process include internal, manufacturer/supplier, distributor, support, EPO, and end-user types. Thirdly, MCE's gravitate towards adopting either a social exchange (characterised by trust, commitment and social norms) or transaction cost analysis (characterised by contractual mechanisms) approach to developing these relationship types. Critical to this finding though and previously unobserved in the literature, is that within the context of a social exchange or transaction cost analysis approach, governance (bilateral or unilateral/market) may be observed as a separate construct. Finally, the MCE adopting a social exchange approach overall achieves more robust international outcomes particularly in respect to increased cost efficiencies and new market opportunities.Although no statistical inferences can be drawn from the findings of this study, some important generalisations to theory can be made in respect to the manner in which small firm internationalisation is currently modelled. It is suggested that this research has begun to address the issue by proposing that the quality of relationships is central to the success of the smallest of internationalising concerns. Specifically, sequential knowledge, network, and resource based views, need to better incorporate the moderating role that the relational paradigm has on international progress. To this end it has been demonstrated that the precise underpinnings of the relationship can have a determining effect on both the rate and cost of international progress. Furthermore, managers may also benefit from these findings by improving both their relationship filtering and nurturing processes.

面臨全球化的競爭,中小企業需國際化來增加自己的競爭力。本研究以台灣自行車零組件廠為例，探討中小企業之國際化之原因及策略，且分析原因影響地主國篩選，進入策略及國際化管理，最後提出建議給正在尋找國際化機會之中小企業。 研究內容包含國際化動機，因素影響國際化策略包含資源基礎理論，地主國篩選，進入策略，進入模式及國際化管理。研究發現創始人國際化理想及母國市場規模為主要中小企業之國際化動機。地主國政策影響產品需求也會構成中小企業國際化。不可遷移之資源例如技術背景及廉價勞工都可激勵中小企業之業務及生產方面國際化。 / Facing with increase global competition, SME has to increase their competitiveness through internationalization. The objective of this research is to review the internationalization strategies of SME based on the analysis of case companies of the factors affecting internationalization decision, process and management, and then make recommendation to SME who are seeking for international opportunities. Our research addresses the questions covering motives behind internationalization, factors including resource-based view affecting internationalization decision and host country selection, the entry strategy, process, and internationalization management. Our findings suggested that founder’s ambition and relative size of restricted home market would motivate SME to internationalize. Host country government regulation affecting product demand would also provide an incentive for SME to enter. Immobile resource endowments such as technological know-how and cheap labor will induce firms’ sales and production division to internationalize. During internationalization, SME would consider resource specificity, the amount of resource commitment and control when choosing entry strategy. SME follows Root (1982) process in choosing host country by evaluating the market size and potential. As for the entry process, it is consistent with Uppsala model of internationalization whereby SME increase their international commitment incrementally. During internationalization management, SME are more ethnocentric on the human resource perspective; meanwhile, marketing strategy on product and pricing for SME is rather homogeneous, except for distribution and promotion strategies which are adjusted based on market characteristics and channel structure.

<p>This study examines the impact of working capital management on cash holdings of small and medium-sized manufacturing enterprises in Sweden. The aim of this work is to theoretically derive significant factors related to working capital management which have an influence on the cash level of SMEs and test these in a large sample of Swedish manufacturing SMEs. The theoretical framework for this study consists of a treatise of motives for holding cash, working capital management and cash level. From these theoretical findings, two hypotheses are deduced:</p><p>• H1: Cash holdings are negatively related to the presence of cash substitutes</p><p>• H2: Cash holdings are positively related to working capital management efficiency</p><p>The quantitative investigation consists of the statistical analysis – namely comparison of means and correlation analysis – of key figures which are calculated from the financial statements of a large sample of firms. The dataset contains 13,287 Swedish manufacturing SMEs of the legal form ‘Aktiebolag’. Both hypotheses are confirmed by the results. Empirical evidence is presented which substantiates the supposition that the presence of cash substitutes – namely inventory and accounts receivable – entails lower cash holdings. Furthermore, it is confirmed that working capital management efficiency – measured by the cash conversion cycle – is positively related to cash level. The discussion of the empirical findings pays regard to the different subordinate components of both cash substitutes and working capital management efficiency. Implications of the detected findings are highlighted with respect to their potential utility for the achievement and maintenance of a firm’s target cash level.</p>

<p>Environmental (‘Green’) issues have become an increasingly important issue in contemporary business management. Pressure on business regarding environmental issues is increasing and is expected to continue to do so into the future. Small to medium-sized enterprises (SMEs) are thought to have a large combined effect on the environment and this area has been cited as problematic for the SME sector. This thesis investigates collaboration amongst SMEs through networks as a way to increase environmental activity in this sector – focusing on the Hackefors model (a joint ISO 14001 certification network). The empirical study of this thesis involved a survey study of 4 networks that have implemented the Hackefors model to achieve ISO 14001 in Sweden. The networks represented SMEs from a large variety of industries and the study brought a 75% response rate. It explored different aspects of the Hackefors model, such as the motives and benefits for entering the network, drawbacks and disadvantages of the model, network relations, pressures for ISO 14001 certification and the possibility of extended network relations after certification. The results showed that group ISO 14001 certification using the Hackefors model is an effective way for an SME to implement an EMS. Not only is the model successful in achieving certification, it also brings many other benefits with it. The Hackefors model can be seen as an effective way to encourage SMEs who may not have previously considered an EMS, to implement ISO 14001. In addition, it helps companies become ISO 14001 certified at a significantly lower cost and to overcome some of the problems traditionally associated with SMEs, such as size and lack of time.</p>

<p>Bakgrund: I september 2003 beslutade IASBs styrelse att organisationen ska utveckla särskilda standarder som är lämpliga att användas av små och medelstora företag då de tar fram sina finansiella rapporter. Utgångspunkterna i undersökningen är att IASB utgör en internationell institution som i huvudsak formas av sina största intressenters behov och att reglering av redovisning kan ses som en politisk process. </p><p>Syfte: att ge en beskrivning av orsaker till och målen med IASBs projekt att utveckla internationella redovisningsstandarder för små och medelstora företag. Syftet är vidare att utreda om skillnader mellan anglosaxisk och kontinental redovisningstradition kan utgöra hinder vid IASBs harmonisering av internationella redovisningsstandarder för små och medelstora företag. Metod: För att uppnå syftet har en dokumentundersökning genomförts där empirin i första hand består av vetenskapliga artiklar samt annat publicerat material som direkt eller indirekt berör IASBs projekt att utveckla internationella redovisningsstandarder för små och medelstora företag. IASBs diskussionsunderlag Preliminary Views on Accounting Standards for Small and Medium-sized Entities samt kommentarer till detta diskussionsunderlag som inkommit till IASB har utgjort särskilt viktiga källor i undersökningen. </p><p>Avgränsning: För att undersöka om skillnader mellan anglosaxisk och kontinental redovisningstradition kan utgöra hinder vid harmonisering av internationella redovisningsstandarder för små och medelstora företag har Storbritannien (anglosaxisk) och Tyskland (kontinental) studerats som representanter för respektive redovisningstradition. De faktorer som bedömts ha störst betydelse för utvecklingen inom respektive redovisningstradition är först och främst kapitalstruktur, legala system, skattekoppling samt professionaliseringsgrad i olika länder. </p><p>Resultat: Orsakerna till att IASB har beslutat sig för att utveckla speciella redovisningsstandarder för små och medelstora företag är att användare av dessa företags finansiella rapporter efterfrågar annan information än vad användare av finansiella rapporter för noterade bolag gör,fullständiga IFRS anses också för dessa typer av företag vara alltför omfattande och kostsamma att tillämpa. En annan anledning är att den ökade implementeringen av IFRS ger upphov till minskad jämförbarhet mellan olika företags rapporter på nationell nivå samt att IASB vill undvika att olika nationer själva anpassar sina nationella GAAPs mot IFRS då det kommer till små och medelstora företags redovisning och därigenom försvårar en framtida standardisering av internationella redovisningsregler. De huvudsakliga målen med projektet är att IASB vill möta behoven hos användare av små och medelstora företags finansiella rapporter samt erbjuda dessa företag globalt användbara standarder. Övriga mål är att dessa standarder ska baseras på samma ramverk som fullständiga IFRS och att rapporteringsbördan för små och medelstora företag ska reduceras. Undersökningen har visat att skillnader mellan anglosaxisk och kontinental redovisningstradition kan utgöra hinder vid harmonisering av internationella redovisningsstandarder för små och medelstora företag. Svårigheterna ligger i första hand i att harmonisera standarderna så att de tillfredställer intressenter från länder med kontinental redovisningstradition (i undersökningen representerat av Tyskland) och det starkaste observerade hindret kan hänföras till den starka koppling som finns mellan redovisning och beskattning inom den kontinentala redovisningstraditionen.</p>

<p>Background</p><p>Today, collaboration between actors in a supply chain is often a necessity if a business wants to remain competitive. Moreover, efficient sharing of information is vital for success in this collaboration. One way of sharing demand and inventory information between the customer and supplier in a supply chain is by utilizing vendor managed inventory, VMI. The recent focus on VMI has produced a great number of articles on this subject, however, few of them give the whole picture of the VMI relationship. The VMI literature tends to have its focal point on the large customers in a supply chain, failing to cover the effects of VMI for the small and medium-sized (SME) supplier.</p><p>Purpose</p><p>The purpose of this thesis is to study VMI and its effects on the small and medium-sized supplier. The thesis will look at VMI from an electronic information sharing perspective.</p><p>Realisation</p><p>The study has a qualitative approach and is based on qualitative interviews conducted with representatives from three SME suppliers and one of their largest customers. In addition, interviews were conducted with VMI experts.</p><p>Results</p><p>The study shows that the prime motive for SME suppliers to enter into a VMI partnership is the demands of the customer. The fact that the SME supplier gains competitive advantage and gets access to information when joining a VMI collaboration are further reasons. For a successful implementation, the SME supplier must know his prerequisites, understand the goal and vision of the collaboration, participate in the design phase of the collaboration, and use the VMI information efficiently. In the long run, VMI normally leads to reductions in inventory, production, transportation and administrative costs for the SME supplier. Any absence of benefits can be due to the logistical knowledge being isolated to a few individuals. The VMI collaboration must bee seen as a strategic matter and a long term investment.</p>

<p>Many Small and Medium-sized Enterprises (SMEs) today face problems with growth and profitability due to lack of management training within the managerial staff. This study aims to create a holistic model for how to construct a Management Training Plan for such companies and test this model on a case company.</p><p>The study found four main phases in the creation of a training plan, and thus, the model consists of four parts. The first part deals with the motivation of the trainees to go through with the training. The second part deals with deciding the content of the training plan. The third part looks at how the training plan should be designed. The fourth part looks at how to evaluate the training after it has been conducted.</p><p>The main findings are that the most interesting areas of training for the managers at Cypress Security are customer communication and financial management. The training should be a mixture between group discussions and self-study material.</p><p>We believe the results in this study should prove useful when constructing training programs for other companies since the model can be applied to almost any type of company. By providing specialized management training of this kind, SMEs reduce the need for hiring and recruiting managers with academic background and allows them to recruit from within.</p>

<p>Background: The development of the Swedish demography is one of the most important social and economic changes ever in Swedish history. Society as well as business is facing an age chock since almost every other company owner is over 50 years old. The complexity of managing a successful succession is pointed out as a major threat to the Swedish economy by the organization Svenskt Näringsliv.</p><p>Purpose: The purpose with this master thesis is to identify and analyze critical success factors for a successful succession from a going concern perspective.</p><p>Research method: By using the strong aspects from the quantitative as well as the qualitative method, high level of order and systematic could be reached, without loosing too much details and depth in this particular research. The empirical data was gathered by a digital survey sent to 3000 companies. The quantitative research was complemented by 6 qualitative interviews to increase depth and reliability.</p><p>Results: The study shows that there is a great incongruence between the expected problems associated to the succession and the actual outcome. Furthermore, there are great differences between the problems prioritized by the companies compared to the ones that their advisers and consultants recommend should be prioritized. The analyses and results lead to a new model for successful succession, The 4-Ps of Successful Succession.</p>