Week 7 Project: Field of Study PowerPoint Presentation

Part II: Source Evaluation

Article 1 Title: The impact of internal, external, and enterprise risk management on the performance of micro, small and medium enterprises.

Article Author: Hanggraeni, D., Ślusarczyk, B., Sulung, L. A. K., & Subroto, A.

Retrieval Information: https://www.mdpi.com/2071-1050/11/7/2172

Source’s Publication: Date: 2019

Publishing Information: Sustainability Journal

Source Summary:

The source analyzes SME performance and the main drivers to such results. Such factors are how to manage risks, internal elements, and external factors. Many entrepreneurs are keen on identifying risks although they do not use the skills gained to mitigate such risks. Each entrepreneur interprets risks in various ways and depending on their relevance to the business. Application of risk management in financial variables like board meeting frequencies every year can help in reducing costs. There is also a need for firms to focus on factors such as financial marketing, organization, and technical assistance as independent variables to raise competitiveness. Therefore, understanding the importance of financial analytics and forecasting in businesses is a major step towards achieving financial stability.

Article 2 Title: Post-shipment financial flows in supply chains: A study of small- to medium-sized enterprise importers.

Article Author: Schutte, F., Niemann, W., & Kotzé, T. (2019).

Retrieval Information: https://doi.org/10.4102/jtscm.v13i0.452

Source’s Publication Date: (2019)

Publishing Information: Journal of Transport and Supply Chain Management

Source Summary:

The source researches the post-shipment financial flows affecting the small and medium enterprise involved in importation of various products. Global outsourcing impacts inventory levels and other factors such as capital availability and cash flow. Outsourcing can also contribute to low sales due to cost leading to reduced firm’s profitability. Therefore, the article explores financial supply management by firms to find out whether firms can ensure alignment of the financial and physical supply chains. Global sourcing tends to affect cash flows whenever there is disruption of lead times and supply chains leading to delays in shipment. SMEs trading internationally must understand the challenges they can face during trade due to factors such as delays. The article is important since it offers great ideas about challenges that SMEs trading internationally can face.

Article 3 Title: A multi-level study of influence financial knowledge management small and medium enterprises.

Article Author: Abdulaali, A. R., Alnoor, A., & Eneizan,

Retrieval Information: http://yadda.icm.edu.pl/yadda/element/bwmeta1.element.baztech-a09d000a-a834-4912-a4c9-f600e602c003

Source’s Publication Date: (2019).

Publishing Information: Polish Journal of Management Studies

Source Summary:

The article is about the effect financial skills management can have on SMEs. The success of such firms depends on various factors such as intellectual capital integration and the nature of accountants working in such businesses. Understanding such factors can contribute to the growth of SMEs by implementing valuable recommendations regarding financial management techniques. Firms must understand the available intellectual capital in their country and utilize it. Financial management is a major intellectual capital that small businesses can adopt to ensure that they run their businesses smoothly. The multinational finance organization highlights that SMEs are major job provides around the globe and play a big role in economic growth. For a company to record positive performance it must focus on issues affecting its financial status. Therefore investigating the impact of business turnover and its effect on the financial status of an SME is vital.

Article 4 Title: Business Analytics: Business Enabler for Small and Medium Enterprises

Article Author: Garg, V., Ambekar, S., & Hudnurkar, M