International Journal of Innovative Research and Knowledge


Volume-7 Issue-12, December 2022




Title: Adoption of Modern Management Techniques in Small and Medium Enterprises: The case of Van Organized Industrial Zone

Author: Yaşar Akça & Buket Coşkun

Abstract

Small and Medium-Sized Enterprises (SMEs) are experiencing a perpetual evolution in management systems as well as in production technologies to sustain their existence. Each SME is obliged to choose and apply the most appropriate one of the modern management techniques for its business structure. In this way, success in getting ahead of the competition, cost minimization, profit maximization, sustainable growth, productivity and organizational performance will be achieved. In this study, the applicability of modern management techniques in SMEs is investigated through the case of the Van Organized Industrial Zone (OIZ). SMEs benefit from seven modern management techniques (learning organizations, outsourcing, benchmarking, employee empowerment, green management, business process reengineering and total quality management) at a high level (71% and above). Two modern management techniques (crisis management and strategic partnership) are utilized at a moderate level (between 36% and 70%). Also, two modern management techniques (lean management and organizational downsizing) are employed at a low level (35% and below).


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IJIRK DESCRIPTION

ISSN: 2213-1356

Publisher: Scholar Touch Publishers

Area/Scope: Business, Economics & Management; Social Science, Literature, Arts & Humanities; Engineering & Technology; Life Science & Physical Science, Health & Medical Science

Frequency: Monthly

Format: Online & Print

Language: English

Review Process: Double Blinded

Access: Open Access