Impact of Information System on Firm's Performance: Small and Medium Enterprises in Bangladesh

The challenge before Bangladesh today is how to make her existing SMEs compete with their equal-level rivals from abroad by modernizing themselves with up-to-date technologies and production processes. Along with that comes the question of how to develop the culture and practice of setting up new industries able to thrive in global competition right from the beginning Globalization, as one knows, has not only challenges but also enormous opportunities for those who have the capability of utilizing them. For them to the most important issue will be choice of correct technology. The main purpose of this study is to investigate the impact of information system in SMEs performance in Bangladesh. To accomplish this objective sample has been selected from industrial area in Dhaka Bangladesh and questionnaire was distributed to the respondents. There is positive relationship has found among ease of use, skills and knowledge and information quality with SMEs performance in Bangladesh

Competing through sourcing: manufacturing firms in Bangladesh

Manufacturing firms are confronted with the challenge to respond to uniqueness of customer demands, uncertain market environment and performance improvement. This study therefore, aimed to provide an integrated strategic model to manufacturing firms to overcome these challenges. The framework was comprised of sourcing strategy, competitive strategy, strategic flexibility, strategic capability and sourcing relationship quality to enhance the firm 's performance. To achieve this, a quantitative research approach was used to collect primary data and Structural Equation Modeling (SEM) was used to analyze the hypothesized effects. Data were collected from manufacturing firm situated in Bangladesh. This study found positive direct effect of exogenous variable; cost-leadership strategy, related product diversification, manufacturing capability and purchasing capability on firm performance and sourcing strategy. Differentiation strategy and unrelated product diversification have not direct effect on manufacturing firm's performance. In addition, sourcing strategy effect on firm performance was positive. Significant positive mediating effect of sourcing strategy was reported in between exogenous variables and firm performance. Moderating effect of sourcing relationship quality was found significant. Sourcing relationship quality therefore, strengthen the relationship of sourcing strategy and firm performance. Empirical evidence of proposed integrated framework was established, and this will help manufacturing firms to improve performance. Manufacturing firms can consider the strategic fit of the study variables and outcome which might help for appropriate decision making and remain competitive. This study also shed light on strategic management literature by approaching moderated mediation model

Impact of information system on firm's performance: Small and Medium Enterprises (SMEs) in Bangladesh

Today the airline industry is one of the fastest and largest growing industries in the world because of its importance in facilitating national and international relation among st countries, Tangibles, Reliability, Competence, Responsiveness, and Empathy are the core characteristics of service industry.In line with the international standard parameters the study which to recommend to the airline industry to enhance the level of customer satisfaction, customer royalty and customer retention in the industry by providing safety of their life and property, restore full confidence on their quality of service delivery and delight their existing customers in order to attract potential customers

The Imperatives of Innovative Sources of Development Finance: Evidence from Nigeria

Innovative source of development finance (ISDF) connote a net additional resources to the total resources involving the application of nontraditional mechanisms for sourcing funds  capable of catalyzing and supporting fund raising through new sources. The objectives of ISDF is to complement the dwindling financial resources for the millennium development goals (MDGs) which was conceived as a complementary financing efforts to drastically reduce poverty level; with its attendant consequences of socio ills like hunger, illiteracy, shelter, HIV/aids, social strife among others by the year 2015. This work is design to shore up support for the good intention of the programme. In the case of Nigeria of which despite the enormous resources endowments, above average of her population are still wallowing in poverty with the visible consequences of these set of the population being subjugated to subhuman live. Wanton corruption had being the bane of meaningful development in the country. Looting of public treasury and misappropriation of funds are widely acknowledging worldwide. Essentially, if the suggested changes in modalities as appertaining to Nigeria are embraced, the programme will go a long way in improving the wellbeing of the average Nigerian populace as envisaged in MDGs. Keywords - Millennium Development Goals MDG), Innovative sources of development finance, Public bad, carbon tax, Special drawing rights (SDR

Information quality impact on firm's performance: Small and Medium Enterprises (SMES) in Bangladesh

The challenge for Bangladesh today is how to make her existing SMEs better able to compete with their SME rivals from abroad.One way to overcome this challenge is by modernizing their operations with the inception of contemporary technologies into their production processes. Along with this comes the challenge of aligning and enhancing the prevalent culture and practices in line with the needs of these new industries so as to ensure not only survivability but also effectively compete globally. Globalization, as one knows, does not only have challenges but also enormous opportunities for those who have the capability of utilizing this phenomenon.The major issue that is implied for this to take place is the ability to adopt not only any technology but having the ability to choose the most appropriate technology. The primary purpose of this study is to investigate the impact of information systems on the performance of SMEs in Bangladesh which more often than not is related to technology adoption. To accomplish this objective, data was collected through the use of questionnaires from the samples which targeted the organizations operating in the industrial zone in Dhaka, Bangladesh. From the data analysis conducted the results indicate a positive relationship between information quality (IV1) and skills and knowledge (IV2) with the performance (DV) of SMEs in Bangladesh

Performance outcomes of manufacturing firm in Bangladesh

This study examined the performance outcomes of the sourcing strategy of manufacturing firms in Bangladesh. Furthermore, this study provides empirical evidence of the moderating effect of sourcing relationship quality on sourcing strategy and firm performance. A sample of 330 manufacturing firms from Bangladesh were analyzed to determine their sourcing strategy effect on performance.Partial Least Squares (PLS) approached applied to determine the hypothesized relationship.We have found positive effect of sourcing strategy on manufacturing firm performance.We provide empirical evidence of moderating effect of sourcing relationship quality on sourcing and firm performance relationship. Manufacturing firms deal with act as a supplier with buying firms and as buyer with supplying firms.sourcing relationship quality thus provide a new insight to achieve better performance for manufacturing firms in emerging countries like Bangladesh

Strategic capability of manufacturing firm: Validity confirmation of measurement model

Aim of this study is to provide the empirical investigation of the strategic capability, sourcing strategy and firm performance construct of and scale validity of the manufacturing firms in Bangladesh.Validity of these constructs were investigated by confirmatory factor analysis. A sample of 330 manufacturing firms from Bangladesh were analyzed to determine validity of the measurement model.Partial Least Squares (PLS) tool was used to evaluate the validity and scale of strategic capability, sourcing strategy and firm performance. We have found all the indicators of the constructs of the study attain the minimum threshold value. In addition, predictive relevance found of the measurement model

Performance outcome of manufacturing firms in Bangladesh

This study examined the performance outcomes of the sourcing strategy of manufacturing firms in Bangladesh. Furthermore, this study provides empirical evidence of the moderating effect of sourcing relationship quality on sourcing strategy and firm performance. A sample of 330 manufacturing firms from Bangladesh were analyzed to determine their sourcing strategy effect on performance. Partial Least Squares (PLS) approached applied to determine the hypothesized relationship. We have found positive effect of sourcing strategy on manufacturing firm performance. We provide empirical evidence of moderating effect of sourcing relationship quality on sourcing and firm performance relationship. Manufacturing firms deal with act as a supplier with buying firms and as buyer with supplying firms. sourcing relationship quality thus provide a new insight to achieve better performance for manufacturing firms in emerging countries like Bangladesh

Dissemination of Information and Communication Technology (ICT) in tourism industry : Pros and cons

In the global economy, tourism is one of the rapidly growing business in comparison with the challenges and opportunities of other industries which is also accounting for more than one-third of the overall worldwide services business. With the rise of globalization, the economy is boosting everywhere, and the tourism industry has become very competitive. Utilizing information and communication technologies in tourism and hospitality industry has tremendous importance in this competitive era. Therefore, this study aims to provide an overview by demonstrating the importance of ICT in the tourism industry. Although several factors might have a relationship with ICT and tourism industry, however, this study merely investigated the general facts without empirical investigations. This study followed the method of reviewing the papers and reports of previous studies. It is recommended for future studies to come out with either quantitative or qualitative approach of the study to explore specific contribution, which might add more knowledge and understanding

Optimizing performance outcomes of manufacturing firms: Does plural sourcing matter?

A prime question that has dominated much of strategic management research is: What determines superior firm performance? Over almost two decades, scholars have sought to examine the role of various factors that could possibly influence business performance of a firm.This is because regardless of the country‘s boundary consumers from other parts of the world, in fact, have financially benefited from continuous escalation on volume of products of lower prices imported from developing countries.The increased pressures from fickle consumers and uncertain business environment are making more and more firms to recognize the strategic role in the rapid change of business environment.The firms ought to have the capability of responding the changing business environment efficiently and effectively, where sourcing can play a significant role in order to achieve sustainable competitive advantage (Bruce & Daly, 2011; Gligor & Holcomb, 2014; MacCarthy & Jayarathne, 2012).Firms in the manufacturing sectors are facing the most inevitable challenge to decide whether products to make through internal effort, or solicit from outside independent suppliers (buy) with a high degree of economies-of-scale to enhance efficiency and productivity (Espino-Rodríguez & Lai, 2014; Hilman & Mohamed, 2011; Lafontaine & Slade, 2007). Efficiency and productivity thru reducing costs, maintain high quality, flexibility, improved delivery dependability, and prompt quick response enable a manufacturing firm to achieve competitiveness and performance (Su & Gargeya, 2012).These perspectives assessment to decide in-house production (Make) by adapting the cost strategy or source externally (buy) by adapting differentiation.There are fewer studies to understand the long-term benefits of outsourcing to the firms (Hunter & Hall, 2011; Premuroso, 2008). Previous researches have conceptualized sourcing strategy and its effects on organizational performance, in which some of them emphasize on make or buy of sourcing (Espino-Rodríguez et al., 2014; Hilman & Mohamed, 2011; Lamminmaki, 2011).Extent literature considered sourcing as an evident governance modes or forms but little attention has been given to the underlying quality of relationship of sourcing firms which might influence performance. Extent literature to date about the relationship quality focused mainly on western culture and stable business environment and yet little know about the manufacturer‘s relationships with its key suppliers in emerging economies (Yang, Yu, Liu, & Rui, 2015). Thus this study aims to provide an integrated model of competitive strategy, sourcing strategy, sourcing relationship quality and firm performance.Thus, the corresponding objective of this study is to address the quotation on how manufacturing firm can achieve better performanc