Processing, Please wait...

  • Home
  • About Us
  • 📺 Tutorial
  • Search:
  • Advanced Search

Growing Science » Uncertain Supply Chain Management » Guidelines for the development of small and medium enterprises into high-value markets

📚 Highly Cited Articles

  • Jaya Algorithm
  • Rao Algorithm
  • TLBO Algorithm
  • Discrete Firefly
  • ChatGPT and Blended Learning

Journals

  • IJIEC (777)
  • MSL (2648)
  • DSL (690)
  • CCL (544)
  • USCM (1099)
  • ESM (428)
  • AC (562)
  • JPM (323)
  • IJDS (992)
  • JFS (101)
  • HE (37)
  • SCI (41)

USCM Volumes

    • Volume 14 (22)
      • Issue 1 (5)
      • Issue 2 (5)
      • Issue 3 (5)
      • Issue 4 (7)
    • Volume 13 (62)
      • Issue 1 (15)
      • Issue 2 (15)
      • Issue 3 (15)
      • Issue 4 (17)
    • Volume 12 (244)
      • Issue 1 (55)
      • Issue 2 (59)
      • Issue 3 (63)
      • Issue 4 (67)
    • Volume 11 (190)
      • Issue 1 (42)
      • Issue 2 (45)
      • Issue 3 (50)
      • Issue 4 (53)
    • Volume 10 (150)
      • Issue 1 (28)
      • Issue 2 (32)
      • Issue 3 (44)
      • Issue 4 (46)
    • Volume 9 (117)
      • Issue 1 (25)
      • Issue 2 (26)
      • Issue 3 (32)
      • Issue 4 (34)
    • Volume 8 (82)
      • Issue 1 (20)
      • Issue 2 (15)
      • Issue 3 (17)
      • Issue 4 (30)
    • Volume 7 (57)
      • Issue 1 (8)
      • Issue 2 (19)
      • Issue 3 (14)
      • Issue 4 (16)
    • Volume 6 (25)
      • Issue 1 (7)
      • Issue 2 (6)
      • Issue 3 (6)
      • Issue 4 (6)
    • Volume 5 (26)
      • Issue 1 (6)
      • Issue 2 (6)
      • Issue 3 (8)
      • Issue 4 (6)
    • Volume 4 (31)
      • Issue 1 (10)
      • Issue 2 (6)
      • Issue 3 (6)
      • Issue 4 (9)
    • Volume 3 (39)
      • Issue 1 (9)
      • Issue 2 (13)
      • Issue 3 (10)
      • Issue 4 (7)
    • Volume 2 (32)
      • Issue 1 (7)
      • Issue 2 (5)
      • Issue 3 (10)
      • Issue 4 (10)
    • Volume 1 (22)
      • Issue 1 (4)
      • Issue 2 (6)
      • Issue 3 (6)
      • Issue 4 (6)

🔑 Keywords

Supply chain management(168)
Jordan(167)
Vietnam(153)
Customer satisfaction(122)
Performance(116)
Supply chain(113)
Competitive advantage(98)
Service quality(98)
Artificial intelligence(95)
Tehran Stock Exchange(94)
Sustainability(91)
SMEs(91)
optimization(88)
Trust(84)
Financial performance(84)
TOPSIS(83)
Job satisfaction(81)
Knowledge Management(80)
Social media(79)
Genetic Algorithm(78)


» Show all keywords

✍️ Authors

Naser Azad(82)
Zeplin Jiwa Husada Tarigan(67)
Mohammad Reza Iravani(64)
Endri Endri(45)
Muhammad Alshurideh(42)
Hotlan Siagian(40)
Dmaithan Almajali(38)
Jumadil Saputra(36)
Muhammad Turki Alshurideh(35)
Ahmad Makui(33)
Barween Al Kurdi(32)
Hassan Ghodrati(31)
Basrowi Basrowi(31)
Sautma Ronni Basana(31)
Mohammad Khodaei Valahzaghard(30)
Haitham M. Alzoubi(29)
Shankar Chakraborty(29)
Ni Nyoman Kerti Yasa(29)
Sulieman Ibraheem Shelash Al-Hawary(28)
Prasadja Ricardianto(28)


» Show all authors

🌍 Countries

Iran(2199)
Indonesia(1319)
Jordan(847)
India(808)
Vietnam(512)
Saudi Arabia(503)
Malaysia(458)
China(232)
United Arab Emirates(231)
Thailand(163)
United States(116)
Egypt(116)
Turkey(115)
Ukraine(114)
Peru(96)
Canada(95)
Morocco(94)
Pakistan(87)
United Kingdom(80)
Nigeria(78)


» Show all countries

Uncertain Supply Chain Management

ISSN 2291-6830 (Online) - ISSN 2291-6822 (Print)
Quarterly Publication
Volume 11 Issue 4 pp. 1877-1888 , 2023

Guidelines for the development of small and medium enterprises into high-value markets Pages 1877-1888 Right click to download the paper Download PDF

Authors: Worravit Kultangwatana, Jusana Techakana, Sunee Wattanakomol

doi 10.5267/j.uscm.2023.6.004
Crossmark

Keywords: SMEs, High-value markets, Value Discovery, Value Development, Value Communication, Value Distribution, Value Experiences

Abstract: This study aimed to explore the approaches for transforming Small and Medium Enterprises (SMEs) into high-value markets, focusing on constructing a structural equation model of guidelines for the development of small and medium enterprises into high-value markets. The conceptual research framework consisted of one exogenous latent variable, the Value Discovery element, combined with the four endogenous latent variables, Value Development, Value Communication, Value Distribution, and Value Experiences. The study utilized mixed-methodology research, including qualitative research through in-depth interviews with nine experts, a focus group discussion with 11 successful entrepreneurs, and quantitative research through a survey of 500 SMEs in Thailand. The results revealed that SMEs operating in high-value markets are divided into tangible and intangible products, representing 250 respondents from each group. The five elements of the guidelines for the development of small and medium enterprises into high-value markets were found to be of high importance both overall and in each element. The developed SEM model was consistent with the empirical data of five elements with 27 observed variable factors. Furthermore, the hypothesis test results for analyzing the causal influence between latent variables in the SEM model revealed that all six hypotheses were supported at the 0.001 level of statistical significance. The value of the study is beneficial for SMEs who target to do business in high-value markets and can improve their competitiveness, develop unique value propositions, and provide better customer experiences.

How to cite this paper

Kultangwatana, W., Techakana, J & Wattanakomol, S. (2023). Guidelines for the development of small and medium enterprises into high-value markets.Uncertain Supply Chain Management, 11(4), 1877-1888.

References
Ahmad, F., Hamid, N. A., Ahmad, A. N. A., Nawi, M. N. M., Rahman, N. A. A. A., & Hamid, N. A. A. (2022). The impact of TQM on business performances based on balanced scorecard approach in Malaysia SME. International Journal for Quality Research, 16(1). https://doi.org/10.24874/IJQR16.01-16
Al Idrus, S., Abdussakir, A., Djakfar, M., & Al Idrus, S. (2021). The effect of product knowledge and service quality on customer satisfaction. The Journal of Asian Finance, Economics and Business, 8(1), 927–938. https://doi:10.13106/jafeb.2021.vol8.no1.927
Alnawas, I., & Hemsley-Brown, J. (2019). Examining the key dimensions of customer experience quality in the hotel industry. Journal of Hospitality Marketing & Management, 28(7), 833–861. https://doi.org/10.1080 /19368623.2019.1568339
Al-Tit, A. A. (2020). E-commerce drivers and barriers and their impact on e-customer loyalty in small and medium-sized enterprises (SME). Verslas: teorija ir praktika, 21(1), 146–157. https://doi.org/10.3846/btp.2020.11612
Amoah, J., & Jibril, A. B. (2020). Inhibitors of social media as an innovative tool for advertising and marketing communication: evidence from SME in a developing country. Innovative Marketing, 16(4), 164–179. http://dx.doi.org/10.21511/im.16(4).2020.15
Arbuckle, J. L. (2016). IBM SPSS AMOS user’s guide. Amos Development Corporation.
Bank of Thailand. (2013). Challenges and opportunities for SMEs under the AEC. Retrieved from https://www.bot.or.th/Thai/PressAndSpeeches/Speeches/Speeches2556/governor_29Jan 13_TH.pdf
Budur, T., & Poturak, M. (2021). Employee performance and customer loyalty: Mediation effect of customer satisfaction. Middle East Journal of Management, 8(5), 453–474. https://doi.org/10.1504/MEJM.2021.117510
Daud, I., Nurjannahe, D., Mohyi, A., Ambarwati, T., Cahyono, Y., Haryoko, A. E., ... & Jihadi, M. (2022). The effect of digital marketing, digital finance, and digital payment on finance performance of Indonesian SMEs. International Journal of Data and Network Science, 6, 37–44. https://doi.org/10.5267/j.ijdns.2021.10.006
Djakasaputra, A., Wijaya, O., Utama, A., Yohana, C., Romadhoni, B., & Fahlevi, M. (2021). Empirical study of Indonesian SME sales performance in digital era: The role of quality service and digital marketing. International Journal of Data and Network Science, 5(3), 303–310. https://doi.org/10.5267/j.ijdns.2021.6.003
Ekawati, N., Wardana, I., Yasa, N., Kusumadewi, N., & Tirtayani, I. (2023). A strategy to improve green purchase behavior and customer relationship management during the covid-19 new normal conditions. Uncertain Supply Chain Management, 11(1), 289–298. https://doi.org/10.5267/j.uscm.2022.9.014
Erlangga, H. (2021). Effect of digital marketing and social media on purchase intention of SME food products. Turkish Journal of Computer and Mathematics Education (TURCOMAT), 12(3), 3672–3678. https://doi.org/10.17762/turcomat.v12i3.1648
Ferreras-Méndez, J. L., Olmos-Penuela, J., Salas-Vallina, A., & Alegre, J. (2021). Entrepreneurial orientation and new product development performance in SME: The mediating role of business model innovation. Technovation, 108, 102325. https://doi.org/10.1016/j.technovation.2021.102325
Flavián, C., Ibáñez-Sánchez, S., & Orús, C. (2019). The impact of virtual, augmented, and mixed reality technologies on the customer experience. Journal of business research, 100, 547–560. https://doi.org/10.1016 /j.jbusres.2018.10.050
Frank D. (2023). Marketing to high-end consumers–use these 11 strategies. Mediaboom. Retrieved from https://mediaboom.com/news/marketing-to-high-end-consumers/
George, D., & Mallery, P. (2003). SPSS for Windows step by step: A simple guide and reference, 11.0 update (4thed.). Allyn & Bacon, Boston.
Handiwibowo, G., Nasution, A., Arumsari, Y., & Astuti, R. (2020). Strategic fit implication of technological innovation capabilities for SME with new product development. Management Science Letters, 10(12), 2875–2882. https://doi.org/10.5267/j.msl.2020.4.020
Kotler, P. (2014). Kotler on marketing: How to create, win and dominate markets. Free Press, New York.
Kurhayadi, K., Rosadi, B., Yusuf, M., Saepudin, A., & Asmala, T. (2022). The effect of company reputation and customer experience on customer loyal behavior Citylink Indonesia. Riwayat: Educational Journal of History and Humanities, 5(2), 381–385. https://doi.org/10.24815/jr.v5i2.28848
Mandolfo, M., Chen, S., & Noci, G. (2020). Co-creation in new product development: Which drivers of consumer participation? International Journal of Engineering Business Management, 12, 1847979020913764. https://doi.org/10.1177/1847979020913764
Department of Business Development, Ministry of Commerce. (2020). Business Statistical Data-DBD Datawarehouse. Retrieved from https://datawarehouse.dbd.go.th/juristic/index
Morgan, T., Anokhin, S. A., Song, C., & Chistyakova, N. (2019). The role of customer participation in building new product development speed capabilities in turbulent environments. International Entrepreneurship and Management Journal, 15, 119–133. https://doi.org/10.1007/s11365-018-0549-9
Noronha, M. E. S. de., Martins, J. B. N., Iamamoto, A. T., Bidin da Silva, P., & Vieira Silva, R. de S. (2023). The dynamic capabilities of cleantechs and eco-innovation in the use of green fiscal public policies. Journal of Law and Sustainable Development, 11(1), e0248. https://doi.org/10.37497/sdgs.v11i1.248
Nuseir, M. T., & Aljumah, A. (2020). The role of digital marketing in business performance with the moderating effect of environment factors among SMEs of UAE. International Journal of Innovation, Creativity and Change, 11(3), 310–324. https://ijicc.net/images/vol11iss3/11325_Nuseir_2020_E_R.pdf
Office of Small and Medium Enterprise Promotion. (2022). SME Promotion Plan 4th (The year 2017–2021). Retrieved from https://www.sme.go.th/th/download.php?modulekey=12
Prasanna, R. P. I. R., Jayasundara, J. M. S. B., Naradda Gamage, S. K., Ekanayake, E. M. S., Rajapakshe, P. S. K., & Abeyrathne, G. A. K. N. J. (2019). Sustainability of SME in the competition: A systemic review on technological challenges and SME performance. Journal of Open Innovation: Technology, Market, and Complexity, 5(4), 1–18. https://doi.org/10.3390/joitmc5040100
Silcharu, T. (2020). Research and Statistical Analysis with SPSS and AMOS (18th ed.). Business R&D, Nonthaburi.
Stancu, A., Filip, A., Roșca, M. I., Ioniță, D., Căplescu, R., Cânda, A., & Roșca, L. D. (2020). Value creation attributes-clustering strategic options for Romanian SME. Sustainability, 12(17), 7007. https://doi.org/10.3390/su12177007
Sudari, S., Tarofder, A., Khatibi, A., & Tham, J. (2019). Measuring the critical effect of marketing mix on customer loyalty through customer satisfaction in food and beverage products. Management Science Letters, 9(9), 1385–1396. https://doi.org/10.5267/j.msl. 2019.5.012
Sukhawatthanakun, K. (2022a). Thai consumer perspective on marketing ethics of consumer products. Humanities and Social Sciences Letters, 10(2), 213–222. https://doi.org/10.18488/73.v10i2.3012
Sukhawatthanakun, K. (2022b). Marketing channels of chili in the upper northeastern region of Thailand. Kasetsart Journal of Social Sciences, 43(3), 637–644. https://doi.org/10.34044/j.kjss.2022.43.3.14
Sukhawatthanakun, K., Roopsing T., & Silpcharu, T. (2023). Industrial procurement management efficiency guidelines: Perform excellence through organizational change strategies. International Journal of Professional Business Review, 8(5), 1–29. e1770. https://doi.org/10.26668/businessreview/2023.v8i4.1770
Sukendia, J., & Harianto, N. (2021). The impact of e-service quality on customer engagement, customer experience, and customer loyalty in B2C e-commerce. Turkish Journal of Computer and Mathematics Education (TURCOMAT), 12(3), 3170–3184. https://doi.org/10.17762/turcomat.v12i3.1556
Supapon S., & Sukhawatthanakun. (2023). The effect of brand equity on Thai cosmetic purchasing decisions. Uncertain Supply Chain Management. 11(4). https://doi.org/10.5267/j.uscm.2023.6.001
Suyoto, Y. T., & Tannady, H. (2022). Ideal self-congruence: Its impacts on customer love and loyalty to luxury brands in Indonesia. International Journal of Professional Business Review, 7(6), 1–18. e0769. https://doi.org/10.26668/businessreview/2022.v7i6.e769
Techakana, J. (2020a). Innovative business model for high achievement. Journal of Social Science and Buddhistic Anthropology, 5(3), 431–445. https://so04.tci-thaijo.org/index.php/JSBA/article/view/237872/163995
Techakana, J. (2020b). Integrated Marketing Communications 4.0. Samnao Plus, Bangkok.
Techakana, J. (2020c). Book review: 130 trends and predictions for digital marketing 2020. Journal of the Association of Researchers, 25(2), 475–492. https://so04.tci-thaijo.org/index.php/jar/article/view/245375/166665
Turner, R. C., & Carlson, L. (2002). Index of item objective congruence for multiple objective measures. International Journal of Testing, 3(2), 163–171. https://doi.org/10.1207/S1532757 4IJT0302_5
Wattanakomol, S., & Silpcharu, T. (2022). Second-order confirmatory factor analysis of auto parts manufacturing industry management guidelines for sustainable success. Uncertain Supply Chain Management. 10(3), 905–912. https://doi.org/10.5267/j.uscm.2022.3.004
Wattanakomol, S., & Silpcharu, T. (2023). Characteristics of entrepreneurs in sustainably successful micro, small, and medium enterprises. Uncertain Supply Chain Management. 11(3), 1359–1368. https://doi.org/10.5267/j.uscm.2023.3.012
Wongmonta, S., & Techakana, C. (2010). Marketing 4.0 in the Context of Thailand. Journal of Economics and Public Policy, 8(15), 1–16. https://so01.tci-thaijo.org/index.php/econswu/article/view/117795/90375
Yi, H. T., Amenuvor, F. E., & Boateng, H. (2021). The impact of entrepreneurial orientation on new product creativity, competitive advantage and new product performance in SME: The moderating role of corporate life cycle. Sustainability, 13(6), 3586. https://doi.org/10.3390/su13063586
Zain, Z. M., Jusoh, A. A., Munir, R. I. S., & Putit, L. (2020). Drivers of e-commerce adoption amongst small & medium sized enterprises (SME) in the business service sector. Journal of International Business, Economics and Entrepreneurship, 5(1), 50–58. https://jibe.uitm.edu.my/images/jun2020/zahariahabs.pdf

  • 0
  • 1
  • 2
  • 3
  • 4
  • 5

Journal: Uncertain Supply Chain Management | Year: 2023 | Volume: 11 | Issue: 4 | Views: 987 | Reviews: 0

Related Articles:
  • Does economic policy uncertainty exacerbate the gap between firms’ words and actions? Evidence from China’s digital transformation
  • Supply chain management for water tourism in northeast Thailand
  • Digital marketing, digital orientation, marketing capability, and information technology capability on marketing performance of Indonesian SMEs
  • Critical thinking and creativity of MSMEs in improving business performance during the covid-19 pandemic
  • The role of social media marketing, entertainment, customization, trendiness, interaction and word-of-mouth on purchase intention: An empirical study from Indonesian smartphone consumers

Add Reviews

Name:*
E-Mail:
Review:
Bold Italic Underline Strike | Align left Center Align right | Insert smilies Insert link URLInsert protected URL Select color | Add Hidden Text Insert Quote Convert selected text from selection to Cyrillic (Russian) alphabet Insert spoiler
winkwinkedsmileam
belayfeelfellowlaughing
lollovenorecourse
requestsadtonguewassat
cryingwhatbullyangry
Security Code: *
Include security image CAPCHA.
Refresh Code

® 2010-2026 GrowingScience.Com