Contributions of Business Records on Small and Medium Enterprises Profitability
Journal Title: Saudi Journal of Humanities and Social Sciences - Year 2018, Vol 3, Issue 6
Abstract
Abstract:This paper presents the results of an empirical and theoretical literature review to effects of business records in business profitability in SMEs. Three research questions are addressed: how business records contributed towards business performance of SMEs? What types of records they kept and is used in the day-to-day business operations? The research questions are underpinned by Records Continuum Model. Results show that business records in Tanzania had no positive impact on business profitability because of how the records were created and the value attach to record keeping, resulted from the lack of records management policies; inadequate staff capacity, limited awareness about the value of sound records management; and inadequate budgets. As a result, decisions are made without full information about business transactions. Besides, the absence of systematic record keeping and controls leaves scope for corruption and collusion between business officials and business owners and employees as well as the chamber of commerce. The ISO 15489-1 is presented as the key best practice mechanism for enhancing sound records management that the Tanzania SMEs may espouse. The subject matter of this paper is aimed at influencing policy and practice, especially with regard to the provision of the appropriate competencies and skills needed for sound management of court records to enhance accountability, transparency and service delivery. Keywords: Records management, business records, Tanzania, profitability, performance.
Authors and Affiliations
Bibie. A Ghasia
Keywords
Related Articles
- EP ID EP400827
- DOI -
- Views 124
- Downloads 0
Demographic Dividend of India: Opportunity and Reality
Abstract:India, near to fertility transition, received a large demographic dividend which has already started. At present more than 64% ‘economically active’ people live in India, popularly known as ‘demographic dividend...
On the Spatial Form in Allen Ginsberg’s Howl
Seemingly quaint and unbearable as it is at the very age of American poetic revolution, Howl seems to raise the extensive attentions of poetic scholars around the world who have been impressed by his leading impression o...
The Effect of Transformational Leadership, Organizational Culture and Work Motivation on Employee Performance
Abstract:This study aims to examine and analyze the influence of transformational leadership, organizational culture, and work motivation on employee performance of PT XYZ. The sampling method used is proportional random...
Influence Social Media Instagram, Price & Product Quality to Purchase Intention(Case Study on Make up Go Mobile)
Abstract:This study aims to analyze the positive and significant influence of social media instagram on the intention of purchasing online partially, the effect of Quality of Products / Services on the intention of buyin...
The Study Ethnic Azeris population in Iran
Abstract: Azerbaijan (Atropatgan) is one of the main and ancient places of Iran where it has Aryan residents. In this paper, attempt is made to study the race and people living there from the perspective of anthropology...