Ville Isoherranen & R.M. Chandima Ratnayake (2018): Performance assessment of microenterprises operating in the Nordic Arctic region, Journal of Small Business & Entrepreneurship, DOI: 10.1080/08276331.2018.1438769
Performance assessment of microenterprises operating in the Nordic Arctic region
|Author:||Isoherranen, Ville1; Ratnayake, R.M. Chandima2|
1Kerttu Saalasti Institute, University of Oulu, Oulu, Finland
2Department of Mechanical and Structural Engineering and Materials Science, University of Stavanger, N-4036, Stavanger, Norway
|Persistent link:|| http://urn.fi/urn:nbn:fi-fe201804116478
|Publish Date:|| 2019-09-19
Microenterprises provide more than 90% of the jobs in the Nordic Arctic region and are the main source of new job creation and innovation. Operations in this region can have many drawbacks related to the long distance from customers, sparse population, and climate conditions that lead to higher operation costs in comparison to other regions. Microenterprises in this region aiming for business growth must therefore pursue operational excellence to achieve a competitive advantage. Microenterprises operations development in resource constrained environment needs special approach. This study assesses the operational excellence of microenterprises in the region through 20 case studies. The performance assessments focused on order–delivery process indicators (production/manufacturing, sourcing, and sales). An operational excellence maturity review (OEMR) tool was developed to collect and analyze the data. Overall, the microenterprises obtained relatively low operational excellence scores. The review done by OEMR tool can inform initiatives for improving the competitiveness of microenterprises and their associated processes in the global market by setting practical metrics and priorities for order–deliver process development.
Journal of small business & entrepreneurship
|Type of Publication:||
A1 Journal article – refereed
|Field of Science:||
512 Business and management
© 2018 Journal of the Canadian Council for Small Business and Entrepreneurship/Conseil de la PME et de l’entrepreneuriat. This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of small business and entrepreneurship on 19 March 2018, available online: http://www.tandfonline.com/10.1080/08276331.2018.1438769.