The Effect of Internal and External Factors on the Business Success of Agri-based Exporting Small and Medium Scale Enterprises in Thanh Hoa Province, Vietnam

Nguyen Thi Loan^1,

¹Faculty of Economic and Business Administration, Hong Duc University, Vietnam

Cite this paper:
Nguyen Thi Loan. The Effect of Internal and External Factors on the Business Success of Agri-based Exporting Small and Medium Scale Enterprises in Thanh Hoa Province, Vietnam. Journal of Finance and Economics. 2018; 6(3):87-95. doi: 10.12691/jfe-6-3-2

Abstract

The purposes of the research are to determine the main factors affecting the business success of agri-based exporting firms in Thanh Hoa Province. To achieve these research objectives, quantitative and qualitative method were used concurrently. 275 questionnaire survey was sent out, but only 180 respondents replied suitably for the quantitative analysis through SPSS 20.0 software. Cronbach's Alpha, EFA, and regression are taken to confirm the research result further. The research finding shows that external factors have much more affecting than others internal one on the business success of exporting SMEs, in which external factors have much effect on the Business Success of Agri-based Exporting Small and Medium-Sized Enterprises in Thanh Hoa Province than internal factors.

Keywords:
factor affecting business success agri-based exporting SMEs

This work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

References:

[1]	Amornkitvikai et al., A. Y. (2012). Factors affecting the export participation and performance of manufacturing small and Medium-sized Enterprises (SMEs). 57th International Council for Small Business World Conference. Wellington, New Zealand: International Council for Small Business.
[2]	GSO. (2016). The socio-economic situation in Vietnam for 5 years. General Statistic Office of Vietnam. https://www.gso.gov.vn/Default.aspx?tabid=217.
[3]	Vietnames Custom. (2016). Annual report about contributes of exporting sectors. Vietnamese Custom, https://www.customs.gov.vn/default.aspx
[4]	Phan, T. M. (2011). Factors affecting the SMEs performance in Thua Thien Hue Province, Vietnam. Journal of science and technology, 43(2), 151-157.
[5]	Krishna Moorthy, A. T. (2012). International Journal of Academic Research in Business and Social Sciences. 2(4).
[6]	Loc, V. T. (2016). SMEs annual 2016. VCCI, Vietnam Charm of Commerce and Industry.
[7]	VCCI, V. C. (2016). Vietnam annual report 2016, Company Management. Information and communication Publishing House.
[8]	Amstrong, M. (2007). A Handbook of Human Resource Management Practice.
[9]	Luguna. M, W. T. (2012, December). The competencies of managers and their business success. Central European Business Review, 1(3), 7-13.
[10]	Shah, S., Nazir, T., Zaman, K. and Shabir, M. (2013). Factors Affecting the Growth of Enterprises: A Survey of the Literature from the Perspective of Small- and Medium-Sized Enterprises. Journal of Enterprise Transformation, 3(2), pp.53-75.
[11]	McMahon, R. G. P. (2001). Growth and performance of manufacturing SMEs: The influence of financial management characteristics. International Small Business Journal, 19(3), 10-28.
[12]	Kristiansen. (2003). Social network and business success. The International Journal of entrepreneurship and innovation.
[13]	Lee, C. (2001). "Internal capabilities, external networks, and Performance: A study on technology- based ventures". Strategic Management Journal, 22: 615-640.
[14]	Chandler G.N & McEvoy, G.M (2000). Human resource management, total quality management and firm performance in small and medium-sized enterprises. Entrepreneurship theory and practice 25(1) 43-57
[15]	O Maldifassi Jose' at el, C. (2014). Export success factors of SMEs in Chile. Journal of Small business and Enterprise Development, 21(3), 450-569.
[16]	Aaby, N. E., and Slater, S. F. (1989), "Management Influences on Export Performance: A Review of the Empirical Literature 1978-88", International Marketing Review, vol. 6, no. 4, pp. 7-25.
[17]	Loan, N. T. (2015). Factor affecting the business success of agriculture SMEs in Vietnam. Science journal of Hong Duc University, 21(1), 76-98.
[18]	Elahe Kinai Harchegani & Abolfazl Solati, P. F. (2015). identifying the factors affecting SME's export performance (case study: sports equipment's exporters). Engineering, Management an Technology, 3(3), 390-400.
[19]	Cavusgil S and Zou, S. (1994). Marketing Strategy-Performance Relationship: An Investigation of the Empirical Link in Export Market Ventures. Journal of Marketing, 58, 1-21.
[20]	Julian, CC & O'Cass, 2004, 'The antecedents of export marketing performance: an Australian perspective', Journal of Asia Pacific Marketing: Special Issue on Export Marketing in the Asia Pacific Region, vol. 3, no. 2, pp. 99-113.
[21]	Huggins, R. (2000). The success and failure of policy-implanted inter-firm network initiatives: motivations, processes, and structure. Entrepreneurship and Regional Development, 12(2), p.211-236.
[22]	Nurul Indarti & Marja Langenberg, M. (2004). Factors affecting business success among SMEs: Empirical evidence from Indonesia. Proceeding of second Biannual European summer University. University of Twente, Enschede, The Netherlands.
[23]	Aldrich, H. & Zimmer, C. (1986). Entrepreneurship through social networks. In D.L. Sexton and R.W. Smiler, eds. The Art and Science of Entrepreneurship. Cambridge, MA: Ballinger, p. 3-23
[24]	Kristiansen, S. (2003). Linkages and Rural Non-Farm Employment Creation: Changing Challenges and Policies in Indonesia. Rome.
[25]	Gumede, V & Rasmussen, VK. (20020 "Small manufacturing enterprises and exporting in South Africa: a preliminary assessment of key export success factors." Journal of Small Business and Enterprise Development, 9 (2) P.162-171.
[26]	Nazrul Islam Dr. (kurtulus.yilmaz.genc, 2013)& Dewan Muktadir - Al Mukit, L. (2014). Factors Determining the Success of SMEs in Bangladesh.
[27]	My, N. T. (2016). Factors affecting agro-export performance of Vietnam. Thai Nguyen University, Vietnam, P.52-121
[28]	Leonidoua, K. S. (2002). Marketing strategy determinants of export performance: a meta-analysis. Journal of Business Research, 55(5), 51-67.
[29]	Tuba Yakici Ayan, a. S. (2005). A Structural Analysis of the Determinants of Export Performance: Evidence from Turkey. innovative Marketing, 1(2), 106-120.
[30]	Philip & Mathew. (2010, 11). APJRBM Volume 1, Issue 2 (November 2010) ISSN 2229-4104 Sri Krishna Internatio. APJRBM Volume 1(2).
[31]	Chittithaworn, C. I. (2011). Factors Affecting Business Success of Small and Medium Enterprise (SMEs) in Thailand. Asian Social Science, 7(5), 180-190.
[32]	Kurtulus.yilmaz.genc. (2013). Natural environment as a strategic issue for firms: theoretical perspectives. Procedia - Social and Behavioral Sciences 99, 143-153.
[33]	Thanh N. K. (2013). Student book: Business management (Vol. 3). Ha Noi: National Economic University .
[34]	Justus B. & Daniel f. (2017). The Effect of Technological Change on Firm Survival and Growth - Evidence from Technology Standards. Retrieved from https://pdfs.semanticscholar.org/7cd7/7c82da3a696dcf7e7e6ba9e6a7fc3e40d6c5.pdf.
[35]	Kotane, I. (2015). Evaluating the importance of financial and non-financial indicators for the evaluation of company's performance. Management Theory and Studies for Rural Business and Infrastructure Development, 37(1), 80-94.
[36]	Tabachnick, B. G., & Fidell, L. S. (1996). Using multivariate statistics (3rd ed.). New York: HarperCollins.
[37]	Hair JF., B. W. (2006). Multivariate Data Analysis, (6 ed.). Upper Saddle River NJ, Prentice Hall.
[38]	Hoang Trong, Ngoc C. N. M (2008). Data analysis in business. Hong Duc, Ha Noi Vietnam.
[39]	Nguyen Dinh Tho. (2011). Research methodology in economic, design and practics. Labour Publisher. Ha Noi, Vietnam.