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E4SE; Formula Of Business Success

Sorooshian, Shahryar (2017) E4SE; Formula Of Business Success. In: International Symposium & Exhibition on Business and Accounting 2017 (ISEBA 2017), 1 March 2017 , Muadzam, Pahang. .

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Abstract

Small and Medium Enterprises (SMEs) are playing a major role in any country's economy, but many of SMEs are failing every day. SMEs have about 80% risk of failure! Our innovation is a tool, especially designed for SME characteristics. This innovation helps entrepreneurs, SMEs, SME advisors and auditors to predict, measure, and manage the SME performance based on strategic elements. Our innovation, E4SE formula, has ability to use both financial and non-financial factors. The E4SE is among very few available models in the SME context. It is granted by Malaysia ministry of higher education, and copyrighted by University Malaysia Pahang. It has been tested for validity, reliability, and application feasibility in two different countries. The product proved to be considerably useful to control and minimize the failure rate in SMEs and strengthen the country economy. E4SE’s potential market group includes business owners and SME supporting Institutes/organizations.

Item Type: Conference or Workshop Item (Poster)
Subjects: H Social Sciences > HD Industries. Land use. Labor
Faculty/Division: Faculty of Industrial Management
Depositing User: Dr. Shahryar Sorooshian
Date Deposited: 05 Apr 2019 02:58
Last Modified: 05 Apr 2019 02:58
URI: http://umpir.ump.edu.my/id/eprint/19555
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