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Achieving optimal business performance through business practices: evidence from SMEs in selected areas in South Africa
NB Neneh, JH van Zyl
Southern African Business Review , 2012,
Abstract: Enhancing business performance is of increasing interest to all business leaders in today’s business environment. Studies relating to both large firms and small and medium enterprises (SMEs) constantly emphasise a positive relationship between business practices, management activities and performance, as it is often articulated that best business practices produce superlative business performance. This study examines empirically which business practices are implemented by SMEs in some selected areas in South Africa and how these business practices impact on their optimal performance. The population for the study comprised business owner-managers in the SME sector in Bloemfontein, Botshabelo and Thaba’Nchu (Free State province of South Africa). A statistical methodology was used to test the relationships hypothesised in the research model. The results reveal that all six selected business practices that were examined (marketing practices, strategic planning practices, human resource management practices, risk management practices, performance management practices and teamwork practices) have a positive and significant relationship with SME performance. Moreover, 97.1% of the SMEs that implemented all six business practices had optimal business performance. This study could serve as a guide for business consultants and SME support mechanisms to develop SME training programmes to help SME owners/managers to acquire the necessary skills to properly implement these six business practices, which will enable SMEs to achieve optimal performance.Achieving optimal business performance through business practices
The Impact of Human Resource Management Practices on Organizational Commitment in the Banking Sector in Kuwait  [cached]
Michel Zaitouni,Nabeel N. Sawalha,AdilEl Sharif
International Journal of Business and Management , 2011, DOI: 10.5539/ijbm.v6n6p108
Abstract: In this paper, we investigated the impact of Human Resource Management (HRM) practices on the affective, continuance, and normative organizational commitment among employees in the banking sector in Kuwait. The studywas conducted across permanent, full-time, and part-time employees (managers and non-managers) of five large private banks in Kuwait. Both Exploratory Factor Analysis (EFA) and hierarchical regression analyses were used to draw the relationship between these variables. The results showed that fifty percent of the variables confirmed previous studies and the remaining fifty percent did not support these studies due to factors such as culture and values. The results have a great implication for both the banking industry in Kuwait and international business.
A STUDY OF AN IMPACT OF HUMAN RESOURCE MANAGEMENT PRACTICES ON EMPLOYEES' PERFORMANCE  [PDF]
JYOTI H.LAHOTI
Indian Streams Research Journal , 2013,
Abstract: HRM has been much talked about and written about in recent years. For some, it heralds a new age where human resource issues at last become significant in the consideration of business strategy, and HRM practitioners at last attain a place in the sun. However, much of the debate has been conducted in purely theoretical terms covering HRM definitions and meanings. But, what is happening on the ground? are HRM ideas changing policies? Are policies translated into practice? This study seeks to critically examine the development of HRM practices in The Akola Janata Commercial Co-operative Bank Ltd., Akola. It contributes to organizational performance in different ways, through sound functional basics, through effective realignment when the external environment changes and by building an organizational context to that the organization can cope with the dualistic forces. The experience suggests that whilst HRM type policies are being implemented, the outcomes can by no means be taken for granted. The main endeavor of this study is to examine the relationship and nature of relationship between the employee perceived performance and human resource practices (compensation, performance evaluation, and promotion practices) in the banking sector of Akola. Survey of Janta Commercial Bank was conducted through personally administrated questionnaire to investigate the impact of HRM practices on employees' perceived performance. Moreover, this study provides help for top-management of banking sector to design or revise their HRM policies and make practices to attain high employee performance.
An Evaluation of Human Resource Management (HRM) Practices in Nigerian Universities: The Impact of Size
Adeyeye J. Olufemi
The Social Sciences , 2013,
Abstract: This study examines empirically, the relationship between size of the organization and Human Resource Management (HRM) practices that have been shown to contribute to organizational performance. The study draws on the resource-based view of the firm and hypothesized that big universities, operationalized as having >1000 academic and administrative staff can be differentiated from small Universities, defined as employing <1000 academic and administrative staff in their use of human resource management practices. Contrary to prior research findings, it was found that size did not correlate with the usage of HRM best practices. Both big and small universities used similar and identical HRM practices. Apparently, size did not differentiate between HRM practices employed in Nigeria Universities.
Small and Medium Enterprises and Human Resource Practices in Pakistan
Naveed R. Khan,Marinah Awang,Che Mohd Zulkifli
International Journal of Asian Social Science , 2013,
Abstract: This paper presented the overview of the human resource practices in small and medium enterprises. The nature and importance of small and medium sized enterprises (SMEs) sector in Pakistan’s economy is unparallel. Hence this paper discussed the general views of the SMEs operating in Pakistan, the current employment sector and the HR practices in SMEs. The arguments developed in the paper supports the contention that SMEs in Pakistan have great potential for greater economic and social development. Some key issues pertaining to Pakistan’s SMEs are also identified.
CORPORATE SOCIAL RESPONSIBILITY- A NEW PERSPECTIVE FOR SMEs IN ROMANIA
Oana POPA
Management & Marketing , 2012,
Abstract: This article presents the theme of Corporate Social Responsibility (CSR), a subject of great interest for the management of organizations and for the scientific research. In the last decade, concerns regarding the advanteges of a social responsible behaviour have increased not only for large organizations and multinationals, but for the SMEs field as well, and CSR became an imperative for obtaining and maintaining competitive advantage in the market. This paper aims to highlight the theoretical studies on CSR in SMEs that are still at an early stage and the main tools that support SMEs in Romania to adopt best practices. The theoretical research presented in the article examines the role and contribution of various national and international organizations in order to eliminate the barriers against socially responsible behavior of organizations. Through a case study among SMEs in Dolj are highlighted the main trends and the attitude that romanian SMEs have on Social Responsibility.
CRITERIA AND FACTORS USED BY MANAGERS IMPLEMENTING THE KNOWLEDGE-BASED MANAGEMENT IN TOURISM SMES  [PDF]
Popescu Dan,Ciocarlan Chitucea Alina,State Cristna,Petrus Catalin
Annals of the University of Oradea : Economic Science , 2012,
Abstract: Knowledge-based economy requires both in Romania and internationally, the presence of intelligent organizations, with advanced management capabilities of their collective skills, as sources of performance. As a result, worldwide, more than ever, knowledge is accepted as one of the main sources of competitive advantage. Small and medium sized enterprises (SMEs) are the most dynamic and vital factor of progress in the contemporary society, main generator of economic performance and substance in any country, employment opportunity provider for most of population, major contributor to the national budget, and engine to improve the living standard of the population. SMEs represent 99% from all enterprises, drawing up the main human resource agglomeration. In this context, knowledge-based management approaches are inevitable, arising from systemic complexity that goes beyond the rigid hierarchies and traditional practices and entails the emergence of non-hierarchical organizational structures.
Current Approaches Regarding the Knowledge Management Impact on SMEs Performance  [PDF]
Ionela Carmen RIZEA (PIRNEA),Denisa Elena PARPANDEL,Alexandra Elena C?LD?RARU,Andreea Lorena RADU
Economia : Seria Management , 2011,
Abstract: Managing knowledge is a critical capability for small to medium-sized enterprises (SMEs) to master because it helps them leverage their most critical resource. Organizational knowledge is the most salient resource at the disposal of SMEs in terms of availability, access, and depth. Successful SMEs are those who can leverage their knowledge in an effective and efficient manner, so as to make up for deficiencies in traditional resources, like land, labor, and capital. The purpose of this article is to identify the knowledge management impact on SMEs performance and to compare knowledge management in SMEs with knowledge management in large companies. The research discovered that SMEs do not manage knowledge the same way as larger organizations.
The Global Economic Crisis. Challenges for SMEs in Romania  [PDF]
Roxana Gabriela HODOROGEL
Theoretical and Applied Economics , 2011,
Abstract: The economy of the European Union (EU) has left behind the downturn and is gradually recovering. In 2010, both the EU and the Eurozone posted economic growth, mostly because Germany did better than expected. All considered, the German economy is growing at a faster pace than in the last two decades. Recession, however, has persisted in states like Greece, Romania and Latvia, and analysts expect growth rates, especially in Eastern Europe, to remain low in the next period. Recovery in this part of Europe largely depends on a pickup in the activity of small and medium-sized enterprises (SMEs), which were seriously affected by the credit crunch the economic crisis entailed. The adverse impact on most SMEs causes a decline in the development rate and a rise in the number of bankruptcies. But the growth of the German economy, however, has a beneficial effect on companies in Central and East European states as well.
Impact of SMEs on Employment in Textile Industry of Pakistan  [cached]
Anwar Ali Shah G. Syed,Naimat Shah,Khalid Hussain Shaikh,Muhammad Munir Ahmadani
Asian Social Science , 2012, DOI: 10.5539/ass.v8n4p131
Abstract: This research investigates the impact of Small & Medium Enterprises on Employment in textile industry. Data were collected from 100 respondents from 30 organizations by using simple random technique. A structural questionnaire was developed to get reliability of the Data. Data were analyzed by using SPSS-18 version. It was revealed that SMEs are the major source of foreign exchange earnings, SMEs have a major contribution in Pakistan’s GDP, A known feature of SME sector is its ability to create jobs, SMEs maintain the poverty alleviation activities through creating employment, SMEs assist in fostering a self-help and entrepreneurial culture, SMEs boost up an entrepreneurial strength which puts forward flexibility in the economy, SMEs are more capable in resource allocation as compared to large scale industries, SMEs in general consider employees as their most important resources, SMEs are pioneer in developing new products and services and finally SMEs are in general very quality minded in the products and services they provide.
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