Following work deals with evaluation of current situation in a company PRUMHOR s.r.o. and brings some suggestions for improvement of its management. The first part considers the analysis of the potential of family business and small and medium enterprises at the theoretical basis and points out to the most important specifics concerning the general principle. The second part is focused on its environment and analysis of factors with which is the company influencing its market surroundings. The third part includes the proposal of support of future development.

Magister Economicae - MEcon / In this mini-thesis, I explore what impact a particular project in Indonesia on strengthening micro, small and medium enterprises (SMEs) has on economic development. I argue, firstly that the project makes a positive contribution to development and secondly that an approach which combines training programs and technical assistance with credit makes a greater contribution than training programs and technical assistance alone. I use the view that SMEs are very important for development as the basis of my argumentation. In spite of this, there is a lack of support for SMEs from the Indonesian government. This gap of support for SMEs was and is partially filled by non governmental organizations (NGOs). The NGOs support SMEs in dealing with problems such as the lack of working capital as well as the lack of knowledge about production, marketing, and management. I focused my field study on the USC-Satunama project. USC-Satunama is a non-governmental organization which works (amongst other activities) to strengthen SMEs. Its activities include the provision of training programs and technical assistance to improve the human capital of the entrepreneurs as well as providing credit. Training programs and technical assistance are provided to all the beneficiaries of the project. However, not all beneficiaries are provided with a credit facility. Therefore, the respective impact of the two different types of support, (i)' a combination of training programs and technical assistance with credit and (ii) training programs and technical assistance alone, can be explored. I use the improved welfare of the entrepreneurs indicated by the increase of their profits as yardstick to ascertain the impact of the project on development. The result of the field study is: the approach of the USC-Satunama project, according to which a training program and technical assistance are combined with credit, indeed makes a significant and positive contribution to the welfare of the entrepreneurs and thus it contributes to the development of Indonesia.

The global economy as we know it is changing: stakeholders' priorities have shifted towards businesses that provide demonstrable impact on their communities and the environment. But are South African Small-, Micro- and Medium- Enterprises (SMMEs) prepared to rise to the challenge of measuring and communicating their impact? The adoption of Impact Measurement among enterprises has scarcely been covered in empirical literature, where the limited research available has put a strong emphasis on impact measurement for investors, and not necessarily the enterprises creating the impact. Furthermore, there is a dearth of information available on the use of Impact Measurement in South Africa, arguably a country desperate for effective, impact-driven capital allocation. Technology provides the opportunity to make Impact Measurement more accessible to these organisations, as it has the power to provide solutions at scale, giving enterprises across the world a unified platform to measure and communicate their impact. This two-phased study leveraged the power of mixed-methods research to gain an understanding of the impact measurement adoption behaviour of South African SMMEs. Phase 1 was initiated with the utilization of a Partial Least Squares – Structured Equation Model (PLS-SEM) based on the framework of the Technology Acceptance Model (TAM) using a sample size of 90 SMMEs. This was followed by interviewing candidates and using a deductive qualitative research approach to create an understanding of their adoption behaviour based on the Technology, Organisation, Environment (TOE) framework. Furthermore, the second phase of the study made use of a systematic review based on Kuo et al.'s adapted PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses), followed by interview questions regarding user requirements to identify the appropriateness of existing impact measurement technologies in the South African SMME market. The first phase of the study revealed that even though SMMEs are aware of the significant impact they have on society, it is often based on informal measurement techniques and subjective opinion. This is mainly due to a lack of understanding of what impact measurement means, or how to even go about it. Furthermore, this is reinforced by the strong influence of social norms in this emerging impact economy, where there is very little emphasis or expectation to provide robust impact measurement. The main drivers of impact measurement adoption were found to include the affordability, the business' intent on creating impact and that businesses are likely to adopt impact measurement if there is a perceived value in doing so. The second phase of the study revealed that some of the major drivers behind the lack of adoption of Impact Measurement Software is the lack of awareness on available platforms, the lack of understanding of how to measure the impact, and finally the prohibitively high cost of acquiring the software – even though there isn't necessarily one piece of software that fits all requirements, it was found that there are various platforms that do meet the needs of South African SMMEs in some ways. This study has added to the knowledge of understanding the behaviour on impact measurement adoption among South African SMMEs and scoped the field of suitable, available technologies in a time where it is critical to rebuild the economy in a more equitable and impact-driven approach, after the devastating economic impact of COVID-19.

Abstract Purpose: To investigate the role of dynamic capabilities in the Internationalization of born global firms from developing countries in Africa.  Design approach/Methods: The study employed a qualitative research method with a multiple case research design. Four born global firms from two developing countries in Africa were analyzed. Verification strategies were utilized to enhance the validity and reliability of the research findings.  Originality: Most of the previous research on the role of dynamic capabilities in the Internationalization of firms has attempted to operationalize empirical findings either with a single case study or multiple case studies of firms from developed countries, or multiple case studies of firms from the same sector or country. Therefore, as a reason for these paucities, this paper exists to investigate the role of dynamic capability in the Internationalization of born global from developing countries in Africa. Findings: The dynamic capability is the critical reason why and how firms stay competitive.The study found out that born globals from developing countries hire external consultants, conduct competitor analysis, utilized their local and international networks and conducts comprehensive market analysis to effectively sense market opportunities. Additionally, the firms invested substantial amounts in staff skills development, new product development, and new market development to seize opportunities. Besides, some of the firms capitalized on remote working systems, digital marketing and hiring of employees with prior international experience to effectively seize market opportunities. With regards to reconfiguring resources, all the firms utilized partnerships with leading multinational companies as a means of reconfiguring its resources to address the weaknesses within the company. To transform as an organization as well as to manage risks, most of the firms engaged in proactive decision making, diversification, utilized digital marketing and implemented digitization systems.  Keywords: Born Global, SMEs, Dynamic Capability, Internationalization, Developing Countries

Web development is receiving increasing attention among all kinds and sizes of companies. Web presentation has become a hygiene factor for companies nowadays. Fortunately, nowadays web developers can choose from a great number of ready-made technologies instead of developing everything from scratch. However, web development technologies have evolved much in the past 20 years. Due to the increased complexity and diversity of the alternatives, it is getting more and more difficult for companies to make an overall good choice of technologies, especially small and medium-sized enterprises (SMEs) that usually do not have resources to make a thorough research before choosing. This thesis creates WeTS - Web Technology Stack Guidelines, which contains three parts: process, algorithm and software quality characteristics. By following WeTS, inexperienced web developers, especially in SMEs, can select web technology stacks in an optimal way. Meanwhile, WeTS could be used for experienced practitioners and researchers as a reference to have an overview about modern web development technologies. Based on WeTS Guidelines, this thesis evaluated a number of technology stacks. Then a case study was performed with a startup company named Sqore. By comparing WeTS with Sqore’s technology selection process step by step, this thesis evaluated WeTS Guidelines.

The aim of this paper is to investigate the link between strategic entrepreneurship and company performance. For the purpose of this study, strategic entrepreneurship is divided into two sections; entrepreneurial orientation and planning flexibility. The entrepreneurial orientation factors used are proactiveness, risk-taking and innovativeness. A survey was conducted on 133 SMEs’ representatives on a purposive and convenience basis. The results of the study indicate that, in the South African context, SMEs need to be proactive, take risks and be innovative to influence their own performance. The study further indicates that flexibility in planning is vital for the improved performance of SMEs. The external environment influences the relationship between entrepreneurial orientation, planning flexibility and a firm’s performance. These results correlate with the existing literature on the entrepreneurial orientation, flexibility in planning and performance of SMEs. The findings of this survey and this research paper should serve to benefit entrepreneurs and SME owners and managers and encourage them to develop entrepreneurial orientation and planning flexibility programmes.

Abstract Title: Positive and negative consequences of the Covid-19 pandemic on SMEs in Sweden   Purpose The aim of this study is to identify the positive and negative consequences due to the covid-19 on SMEs in Sweden and further specify strategies Swedish SMEs used to manage the influences.    Methodology This study tends to show data, tables and figures based on Qualitative study and Semi-structured interviews and analysis of various related articles.    Finding & Conclusion We find out that small and Medium Sized Enterprises (SMEs) face different challenges during Covid-19. Such as failed projects, temporary closure, financial consequences, reduction of job opportunities and challenges of implementing new strategies. We surveyed eight companies during the pandemic crisis and found out how those companies are overcoming the pandemic crisis. Various strategies such as flexibility among SMEs, innovation, investment, digitalization, and other management practices have been implemented by Swedish SMEs to solve the challenges.   Contribution of the study The theoretical contribution is that we have enhanced the knowledge around the Covid-19 influences on SMEs and introduced the company's solutions regarding the impact of the pandemic. The theoretical contribution also showed that the Covid-19 have negative consequences. Another theoretical contribution is that the pandemic has a positive effect to some SMEs. Besides, the practical contribution is that we have provided new data from eight SMEs during the Covid-19 pandemic.   Reflections and suggestions for future research The study focused on understanding the challenges and positive negative influences of the Covid-19 pandemic on only eight SMEs operating in Stockholm city of Sweden. Future studies can focus on finding challenges from Covid-19 pandemic on SMEs and large firms in different countries as well as regions. It could be also interesting to compare the strategies followed by the Swedish SMEs with SMEs from other countries to safeguard from the influences of Covid-19.

Cybercriminal activity may be a relatively new concern to small and medium enterprises (SMEs), but it has the potential to create financial and liability issues for SME organizations. The problem is that SMEs are a future growth target for cybercrime activity as larger corporations begin to address security issues to reduce cybercriminal risks and vulnerabilities. The purpose of this study was to explore a small business owner's knowledge about to the principal elements of decision making for SME investment into cybersecurity education for employees with respect to internet access and employee vulnerabilities. The theoretical framework consisted of the psychological studies by Bandura and Jaishankar that might affect individual decision making in terms of employee risks created through internet use. This qualitative case study involved a participant interview and workplace observations to solicit a small rural business owner's knowledge of cybercriminal exploitation of employees through internet activities such as social media and the potential exploitation of workers by social engineers. Word frequency analysis of the collected data concluded that SME owners are ill equipped to combat employee exploitation of their business through social engineering. Qualitative research is consistent with understanding the decision factors for cost, technical support, and security threat prevention SME organizational leadership use and is the focus of this study as emergent themes. The expectation is that this study will aid in the prevention of social engineering tactics against SME employees and provide a platform for future research for SMEs and cybercriminal activity prevention.

In the United States, 99.9% of small businesses, which account for two-thirds of new jobs annually, do not participate in the federal set-aside program. Half of all small businesses will not survive their first 5 years. The purpose of this multiple case study was to explore strategies that U.S. small business leaders operating within the greater Colorado Springs metro area used to participate successfully in the federal contracting set-aside program. Von Bertalanffy's systems theory grounded the study. Data collection included semistructured interviews with an intensity purposeful sampling of 3 small business leaders participating successfully in the federal contracting set-aside program while operating within the greater Colorado Springs metropolitan area. Transcription of audio recordings from the interviews ensured data accuracy. Researcher interpretations were member checked to validate the credibility of the findings. Pattern matching and cross-case synthesis techniques facilitated data analysis and helped to identify emergent themes. The 3 themes from the study were (a) strategic management, (b) stakeholder recognition, and (c) value creation. Of these 3 themes, the most prolific was strategic management, as it began with a detailed strategy to target clients, create initiatives, and set priorities. This study may contribute to social change by promoting increased job creation through participation in the set-aside program. Expanded distribution of economic seeding to a broader representation of local communities may contribute to reducing social dependencies for the unemployed and the underemployed in a recovering economy. Small businesses contribute to local jobs, local revenue, and local taxes, all of which drive local economies.

Inefficient processes for innovation implementation can prevent owners of small and medium-sized enterprises from realizing goals and growth potential. The purpose of this multiple case study was to explore strategies that managers of small and medium-sized enterprises use to implement innovation in their organizations to improve performance. The population for this study consisted of 5 managers from 4 small and medium-sized enterprises operating in Dubai. The resource-based view theory was the conceptual framework of this study. Data were collected through face-to-face interviews and review of companies' documents. Data were analyzed using Yin's 5-step process. After transcribing the interviews and coding the resulting transcripts, the key themes that emerged included: the role of the top management in cultivating an innovative culture, the identification of ideas as the starting points for innovation, and the recognition of customers as resources for the company. Managers of small and medium-sized enterprises might benefit from the results of this study by implementing the recommendations and strategies to improve performance. Implications for social change include the potential to create employment opportunities and improve the living conditions of the employees in Dubai through economic growth.