Effective Financial Management Strategies to Improve MSME Performance

H. Hasanudin
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引用次数: 2

Abstract

The purpose of this research is to find and analyse efficient financial management solutions for improving the performance of Micro, Small, and Medium Enterprises (MSMEs). A qualitative approach was adopted, utilising in-depth interview techniques and participant observation as a data gathering instrument. The research subjects were owners and managers of SMEs who have improved their financial performance in the previous three years. According to the findings of the study, there are three effective financial management strategies: (1) locating appropriate funding sources, (2) producing accurate budgetary reports, (3) managing capital structure, and (4) performance management. These techniques can assist MSMEs in improving their financial performance and dealing with the challenges of a complicated and changing business environment. This study is expected to contribute to the advancement of MSME financial management theory as well as provide practical recommendations to MSME owners and managers on how to enhance their financial performance.
提高中小微企业绩效的有效财务管理策略
本研究的目的是寻找和分析有效的财务管理解决方案,以提高中小微企业(MSMEs)的绩效。采用了定性方法,利用深度访谈技术和参与性观察作为数据收集工具。研究对象是在过去三年中财务业绩有所改善的中小企业的所有者和经理。根据研究结果,有三种有效的财务管理策略:(1)找到适当的资金来源,(2)制作准确的预算报告,(3)管理资本结构,(4)绩效管理。这些技术可以帮助中小微企业改善其财务绩效,并应对复杂和不断变化的商业环境的挑战。本研究旨在促进中小微企业财务管理理论的发展,并为中小微企业所有者和管理者如何提高其财务绩效提供实用建议。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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