Invention Environment

Environments That Foster Invention

Inventory Control

Good incentives (8.2%) Management, integration between areas (30.2%) Well defined authority (25.1%) Timely information (16.4%) Company as a whole, motivated staff (19.9%) Identification of costs (16.6 per cent) of working capital (13.8%) Opportunities: Financial management: new technology acquisition (11.3%), bank credit (7.5%), production management: access to external markets (11.8%), access to technological change (11.4%), change in tastes of consumers (7.2%), Marketing management: organize new strategy (16.5%), contracts with Government (6.2%). Import (5.3%, OHRM: training (11.1%).) Continuous improvement (8.9%), management management: access to consulting services (15.2%) Company as a whole strategic alliances (13.8%) Infrastructure improvement (9.8%) Economic openness (9.7%) Weaknesses: Financial management: cost Control (17.6%), delayed accounting information (15.8%), Inventory Control (14.5%), production management: incorporation of technology (13.4%), industrial organization (11.5%), repair personnel (11%), management of marketing: advertising (23%), sales force (14.9%), ignorance of the market (6%), human resource management: personnel training (22.1%) Lack of incentives (20.3%) Integration of the personal (8%), management management concentration of power (25.7%) Little integration (16.2%) Misuse of time (4.2%), company a whole illiquidity (31.4%) Staff not trained (19%) Ignorance of the market (6.7%) Threats: Financial management: increasing raw material costs (27.7%) High cost of money (16.8%) External credit restrictions (6.9%), production management: substitute products (37.3%), lower costs of competition (11.9%). Economic openness (9.7%), management of marketing.: new competition (33.8%) Political chaos (16.1%) Substitution of products (6.7%), human resource management: the Government’s wage policy (16.5%) Remuneration in other companies (13.9%) High performance loads (10.6%), management: formation of new Board (20.8%). Succession of the owners of the company (7.9%), company as a whole, economic openness (28.2%) Shortage of raw materials (23%) Government policy (11.6%). Conclusions definitely taken into account, that: -SME is a middle of a production system and as other entities structure, potentialities and limitations. -They are essential instrument of employment creation policies. Adapt better to the resourcing of the countries least unemployed since they use less capital and foreign exchange. -Adapt better to an especially decentralized model of development in general and rural development in particular, since they are efficient to serve small markets, they have a great sensitivity to utilize local natural resources and require little infrastructure.

Thu, April 25 2013 » News