Ask a question from expert

Ask now

Impact of Recession on Operations of Small and Medium Enterprises PDF

22 Pages5096 Words213 Views
   

Added on  2021-06-15

Impact of Recession on Operations of Small and Medium Enterprises PDF

   Added on 2021-06-15

BookmarkShareRelated Documents
Running Head: IMPACTS OF RECESSION ON OPERATIONS OF SMALL AND MEDIUM ENTERPRISES IN AUSTRALIA 1Impact of Recession on Operations of Small and Medium Enterprises (SMEs) In AustraliaName:Institution Affiliation:
Impact of Recession on Operations of Small and Medium Enterprises PDF_1
IMPACTS OF RECESSION ON OPERATIONS OF SMALL AND MEDIUM ENTERPRISES IN AUSTRALIA 2Table of ContentsAbstract............................................................................................................................................4Introduction......................................................................................................................................4Objectives of research..................................................................................................................6Research questions.......................................................................................................................6Justification of the project............................................................................................................7Literature review..............................................................................................................................8Methodology..................................................................................................................................10Data series along with well-structured questionnaires or survey...............................................10Observation of crucial indicators of recession...........................................................................11Sample design................................................................................................................................11Secondary Data..............................................................................................................................13Findings and analysis.....................................................................................................................14The recession and conditions of trading....................................................................................14Customer payments along with finance.....................................................................................15Operations of business and customers.......................................................................................16Discussion......................................................................................................................................16Conclusion and recommendations.................................................................................................17Limitation of research....................................................................................................................18
Impact of Recession on Operations of Small and Medium Enterprises PDF_2
IMPACTS OF RECESSION ON OPERATIONS OF SMALL AND MEDIUM ENTERPRISES IN AUSTRALIA 3References......................................................................................................................................19
Impact of Recession on Operations of Small and Medium Enterprises PDF_3
IMPACTS OF RECESSION ON OPERATIONS OF SMALL AND MEDIUM ENTERPRISES IN AUSTRALIA 4AbstractThis survey empirically examines the performances of small along with medium enterprises (SMEs) by using Australia context as case study. Operations of these SMEs in Australia have resulted into massive development cycle. The global recession is worsening with day-to-day operations. These developments have made Australia SMEs to continue feeling the impacts of financial downturns in their operations. SMEs remain to be dynamic in the Australia financial sector, making recession that impact them to result to economic sabotage in most operations. These enterprises are presently term as the sensitive operational sector and influence of recessionaffect wellbeing of most people in Australia. In this survey paperwork, ideas that will be presented will examine different impacts of recession in the operations of SMEs that are established in Australia. The survey problem of this investigation was set to aim at studying the challenges as well as opportunities in different operations of SMEs. The research is well designed to find out what occurred during the period of recession in operations of SMEs. The experiences of the employees together with operational managers were attained from the in-depth interviews conducted. Therefore, this study uses qualitative as well as quantitative approach to attain its primary aim.IntroductionSmall as well as medium Enterprises (SME’s) remain to be the dominant contributor towards the economy of several nations around the globe together within the countries among European Union (EU). These enterprises produce the turnover of fifty million Euros. SMEs during the period of delayed monetary emergency may experience the ill effects of various
Impact of Recession on Operations of Small and Medium Enterprises PDF_4
IMPACTS OF RECESSION ON OPERATIONS OF SMALL AND MEDIUM ENTERPRISES IN AUSTRALIA 5downturns in the economy (Engle, 2015). These enterprises might suffer during the recession due to the presence of limited money related assets together with reliance on loaning in banks, paying such high rates of financing costs. Small along with Medium Enterprises are the vital partof most countries in western society such as accounting for two-thirds of total employment in theregion, although, when cases of the recession in business community happened, SMEs faced several difficulties in operations. However, there exists the variety of factors that have to be put into consideration that has influenced the survival of SMEs during the period of recession (Barnes & Pancost, 2010). For instance, “Great Recession” that happened in early days of 2007 was motivated by the collapse of the housing marketplace in the US. The failure saw several financial institutions such as banks and other lending institutions to become bankrupt in their operations before they ultimately resulted in the overall decline on the economy of US that further forced several organizations to run out from operating their respective businesses. Therefore, the impact of the recession on operations of SMEs can be very damaging not only to different households but as well as to various business operations (Coughlin, 2014). Conversely, instead of lamenting over the impact of the recession on activities of SMEs, it is advisable for themanagement of such enterprises to learn about effects of recession while preventing their business from succumbing into its deadly claws during their operations. The principal target of this research paperwork is to explore different issues by undertaking the complete research proposal in the area of recession along with its impact or problems experienced by Small along with Medium Enterprises. The findings are crucial as they can help in understanding how SME’s can safeguard their operations against instances of recession and be well prepared whenever cases of recession happen (Sahin, Kitao, Cororaton, &
Impact of Recession on Operations of Small and Medium Enterprises PDF_5
IMPACTS OF RECESSION ON OPERATIONS OF SMALL AND MEDIUM ENTERPRISES IN AUSTRALIA 6Laiu, 2011). Additional, investigative proposal is centered on how recession impacts every type of businesses operations especially SME’s that had had the bad experience in services, as they had been hit adversely by instances of recession. The article also addresses some of the strategiesthat Small along with Medium Enterprises can adopt in their operations as a way of overcoming as well as surviving cases of the recession that always hit global marketplaces. The presentation of this research paperwork will be as follows as it focuses on different sections. The first section of this investigative plan developed by the statement of concern, objectives of the study, justification of the proposed method, together with the expected outcomes that also fall within the first section. Besides, the second section of procedure for the survey will comprise of the conceptual framework, the hypothesis of the investigation, together with methodology (Stubbs, 2011). Finally, the third section consists of the organization of the inquiry, findings and analysis, and discussion of the outcome in light of previously reviewed literature. The other article will comprise of conclusion as well as the inclusion of different recommendations and limitations for the study. Objectives of researchThe principal aim of this research project remains to be the need to investigate the recession-related impacts on operations of Small along with Medium Enterprises, their response to tackle those strategies, and the resultant effects on the performance of different organizations. Research questionsMore particularly, this research targets at answering several research inquiries that include
Impact of Recession on Operations of Small and Medium Enterprises PDF_6

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Influence of Accounting Practices in Small and Medium Enterprises
|13
|3433
|424

Assessment of Cloud Computing Innovation Adoption among SMEs in Australia
|38
|8962
|102

The Impact of Small Scale Enterprises Financing in Improving the Social Economic Well Being of Ghana
|35
|9038
|38

Influence of Accounting Practices in Small and Medium Enterprises
|12
|625
|434

The Small-Medium Enterprises’ Responsibilities and Activity Based Costing (ABC) or Traditional Cost
|11
|2604
|337

Response of SMEs to COVID-19 Disruption: Implications for UK
|16
|4838
|63