Podcast
Questions and Answers
What percentage of ventures do SMEs account for worldwide?
What percentage of ventures do SMEs account for worldwide?
- 70%
- 90% (correct)
- 60%
- 80%
What is one of the roles of SMEs in rural sectors?
What is one of the roles of SMEs in rural sectors?
- Increasing reliance on large corporations
- Exporting goods to foreign markets
- Eradicating poverty and unemployment (correct)
- Creating monopolies in various industries
Which group is particularly affected by unemployment in Upper Egypt, according to the content?
Which group is particularly affected by unemployment in Upper Egypt, according to the content?
- Foreign workers
- Youth and women (correct)
- Elderly population
- Migrants
What significant economic challenge does Egypt face, related to job creation?
What significant economic challenge does Egypt face, related to job creation?
Besides manufacturing, which sector contributes significantly to Egypt’s economy according to the provided information?
Besides manufacturing, which sector contributes significantly to Egypt’s economy according to the provided information?
What type of opportunities do SMEs provide to the labor force?
What type of opportunities do SMEs provide to the labor force?
What element is crucial for SMEs in supporting economic development in a country?
What element is crucial for SMEs in supporting economic development in a country?
What percentage of employment do SMEs represent worldwide?
What percentage of employment do SMEs represent worldwide?
What is the maximum number of employees for a small enterprise?
What is the maximum number of employees for a small enterprise?
Which of the following is NOT considered a key feature of SMEs?
Which of the following is NOT considered a key feature of SMEs?
Which of the following contributes to over 80 percent of GDP in Egypt?
Which of the following contributes to over 80 percent of GDP in Egypt?
What is a primary challenge faced by SMEs in Egypt?
What is a primary challenge faced by SMEs in Egypt?
At what stage of small business growth are owners primarily focused on customer acquisition?
At what stage of small business growth are owners primarily focused on customer acquisition?
Which of the following sectors does NOT typically fall under SMEs?
Which of the following sectors does NOT typically fall under SMEs?
What is a significant objective of SMEs?
What is a significant objective of SMEs?
What does a feasibility study primarily assess?
What does a feasibility study primarily assess?
What is included in a feasibility report?
What is included in a feasibility report?
What does economic feasibility primarily assess?
What does economic feasibility primarily assess?
Which type of feasibility focuses on the availability of technical resources?
Which type of feasibility focuses on the availability of technical resources?
What can scheduling feasibility determine about a project?
What can scheduling feasibility determine about a project?
What is NOT a component of internal project constraints?
What is NOT a component of internal project constraints?
Why is a feasibility study important for a project?
Why is a feasibility study important for a project?
Which type of feasibility considers how well a project aligns with an organization’s strategic goals?
Which type of feasibility considers how well a project aligns with an organization’s strategic goals?
What type of constraints could external factors impose on a project?
What type of constraints could external factors impose on a project?
What is a major function of SME finance in the business finance market?
What is a major function of SME finance in the business finance market?
Which factor has NOT been identified as a challenge for SMEs in accessing finance?
Which factor has NOT been identified as a challenge for SMEs in accessing finance?
How can SMEs tapping into digital technologies impact a country's economy?
How can SMEs tapping into digital technologies impact a country's economy?
What distinguishes micro-enterprises and start-ups in terms of financial access challenges?
What distinguishes micro-enterprises and start-ups in terms of financial access challenges?
What does the MPMM Project Management Methodology recommend for project implementation?
What does the MPMM Project Management Methodology recommend for project implementation?
What is a common source of capital provided through the business finance market for SMEs?
What is a common source of capital provided through the business finance market for SMEs?
In the context of finance for SMEs, what does 'venture capital' refer to?
In the context of finance for SMEs, what does 'venture capital' refer to?
What is the impact of uneven uptake of digital technologies among SMEs?
What is the impact of uneven uptake of digital technologies among SMEs?
What is the main purpose of conducting a feasibility study?
What is the main purpose of conducting a feasibility study?
When should a feasibility study be conducted in the project management life cycle?
When should a feasibility study be conducted in the project management life cycle?
Which of the following factors is NOT considered in a feasibility study?
Which of the following factors is NOT considered in a feasibility study?
What criteria should be focused on when judging the feasibility of a project?
What criteria should be focused on when judging the feasibility of a project?
What will a feasibility study help to evaluate regarding a proposed project?
What will a feasibility study help to evaluate regarding a proposed project?
What can lead to a project's infeasibility according to a feasibility study?
What can lead to a project's infeasibility according to a feasibility study?
What additional assistance can project management software provide during a feasibility study?
What additional assistance can project management software provide during a feasibility study?
Why is a feasibility study important in project management?
Why is a feasibility study important in project management?
What is the primary purpose of conducting a feasibility study?
What is the primary purpose of conducting a feasibility study?
Which component is essential in determining the operational requirements of a business plan?
Which component is essential in determining the operational requirements of a business plan?
What should be included in the executive summary of a feasibility study?
What should be included in the executive summary of a feasibility study?
In a feasibility study, why is it important to identify potential risks?
In a feasibility study, why is it important to identify potential risks?
Which financial component is critical to project management during feasibility studies?
Which financial component is critical to project management during feasibility studies?
What aspect should be considered to assess technological feasibility in a study?
What aspect should be considered to assess technological feasibility in a study?
What key question should a feasibility study address regarding market conditions?
What key question should a feasibility study address regarding market conditions?
Why is it necessary to outline a timeline and schedule in a feasibility study?
Why is it necessary to outline a timeline and schedule in a feasibility study?
Flashcards
SME Finance
SME Finance
Funding provided to small and medium-sized enterprises (SMEs).
Digital Technologies for SMEs
Digital Technologies for SMEs
New technologies that help small businesses participate in global markets, access skills/talent, finance and innovation.
Uneven Digital Adoption
Uneven Digital Adoption
Not all SMEs use digital technologies equally well, many lag behind in adopting productivity enhancing tools.
GDP and Exports (SMEs)
GDP and Exports (SMEs)
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SME Financing Sources
SME Financing Sources
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Challenges to SME Finance
Challenges to SME Finance
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MPMM Project Management
MPMM Project Management
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Project Size Impact on MPMM
Project Size Impact on MPMM
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Micro-enterprises
Micro-enterprises
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Innovative Ventures and Startups
Innovative Ventures and Startups
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SME Role
SME Role
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SME Employment
SME Employment
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SME Economic Impact
SME Economic Impact
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SME Supplier Role
SME Supplier Role
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SME and Poverty/Inequality
SME and Poverty/Inequality
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SME and Unemployment
SME and Unemployment
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MSMEs
MSMEs
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Egyptian Economy Diversity
Egyptian Economy Diversity
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Youth Unemployment
Youth Unemployment
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SME
SME
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Micro-enterprise
Micro-enterprise
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Small enterprise
Small enterprise
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Medium enterprise
Medium enterprise
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SME problems (Egypt)
SME problems (Egypt)
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SME examples
SME examples
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SME objectives
SME objectives
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SME features
SME features
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SME components
SME components
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Feasibility Study
Feasibility Study
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Feasibility Study
Feasibility Study
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Feasibility Factors
Feasibility Factors
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Project Feasibility
Project Feasibility
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Feasibility Analysis Time
Feasibility Analysis Time
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Feasibility Analysis Reasons
Feasibility Analysis Reasons
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Feasibility Study Purpose
Feasibility Study Purpose
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Practicality of a Project
Practicality of a Project
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Project Viability
Project Viability
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Project Cost and Value
Project Cost and Value
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Feasibility Study
Feasibility Study
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Technical Feasibility
Technical Feasibility
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Economic Feasibility
Economic Feasibility
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Legal Feasibility
Legal Feasibility
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Operational Feasibility
Operational Feasibility
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Scheduling Feasibility
Scheduling Feasibility
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Internal Project Constraints
Internal Project Constraints
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Internal Corporate Constraints
Internal Corporate Constraints
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External Constraints
External Constraints
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Feasibility Report Elements
Feasibility Report Elements
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Feasibility Study Purpose
Feasibility Study Purpose
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Market Survey
Market Survey
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Business Plan
Business Plan
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Projected Income Statement
Projected Income Statement
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Opening Balance Sheet
Opening Balance Sheet
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Vulnerabilities/Obstacles
Vulnerabilities/Obstacles
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Executive Summary
Executive Summary
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Technological Considerations
Technological Considerations
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Current Marketplace
Current Marketplace
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Marketing Strategy
Marketing Strategy
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Required Staff
Required Staff
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Timeline & Schedule
Timeline & Schedule
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Project Financials
Project Financials
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Study Notes
Lecture Summaries
- Various lectures were delivered by Marwa Sadek
- Topics covered included MSME (Micro, Small, and Medium Enterprises), Rural Entrepreneurship, Project Management, and Feasibility Studies.
MSME
- Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in the economic development of countries, especially developing nations.
- MSME classifications vary by country based on capital and employment figures.
- Different classification systems exist for MSMEs in various regions.
- Examples include the 2006 Act (Egypt) for manufacturing, defining micro enterprises as ≤ 25 Lakhs, small as 25 lakh to 5 crore, and medium as 5 to 10 crore; and the 2018 Bill which differs regarding annual turnover, with micro as ≤ 5 crore, small as 5 crore to 75 crore, and medium as 75 to 250 crore.
- SMEs (Small and Medium-sized enterprises) are the backbone of many economies, especially in developing nations.
- They contribute significantly to national GDP (Gross Domestic Product) and employment.
- SMEs contribute 90 percent of businesses and employ more than 50 percent worldwide, and in a country like Egypt they are responsible for 80 percent of GDP according to OECD.
Rural Entrepreneurship
- Rural entrepreneurship offers opportunities for local people including low establishment costs, government policies, support, the availability of raw materials, cost of production, the optimum utilization of products, and employment generation for rural youth.
- Challenges related to rural entrepreneurship include a lack of infrastructural facilities, financial constraints, lack of technical know-how, marketing problems, and inadequate knowledge and information.
Projects
- A project is an individual or collaborative enterprise meticulously planned to achieve a particular aim, often a research project.
- A project comprises a sequence of tasks necessary for completion.
- Project definition clarifies objectives and terms.
- Project size is contingent on many factors like the availability of financial resources, the number of team members involved, the number and size of deliverables to be produced, the complexity of these deliverables, and the timeframes for delivery.
- Project complexity typically increases with project size.
- Project plans for small, medium, and large projects differ.
- Project management methodologies such as MPMM (Modified Project Management Methodology) are adaptable to different project sizes.
Resource Planning
- Resource planning is significant for professional services (industries like IT, marketing, law and accounting) because it ensures limited resources (materials, labor, and finance) are utilized tactically.
SME Productivity
- Productivity is defined as the total output per input within an economy, with small and medium-sized enterprises (SMEs) being key drivers of long-term economic growth.
- Key factors affecting SME productivity are managerial and workforce skills, innovation, access to technology, business networks, and financial resources.
- Factors outside the business such as competition and openness to trade affect SME productivity.
Digitalization
- Digitalization is transforming the global economy, providing opportunities for SMEs to participate globally by leveraging skills and diverse financing instruments.
- However, utilizing digital technologies varies for SMEs across different settings, with many SMEs lagging behind in adopting productivity-enhancing digital tools and applications.
SME Financing
- SME finance is crucial and is supplied through the general business finance market in the form of bank loans, leasing, hire-purchase arrangements, equity/corporate bond issues, venture capital, and government funding.
- Challenges often include limited access to appropriate financing sources, information asymmetry, high transaction costs, and lack of financial skills.
- Micro-enterprises, startups, and young firms often face particular difficulties accessing finance.
Feasibility Studies
- Feasibility studies assess the viability of a project.
- A feasibility study is necessary for projects to determine viability, which often looks at technical, economic, legal, operational, and time aspects of the project.
- It establishes whether the proposed project is worthy of investment.
- A study should evaluate the target market, competition, costs, risks, potential financial stability and the potential risks and rewards associated with the proposed project, projected revenue, profits, and losses, and future growth of the industry.
- It also assesses feasibility through technical, economic, operational, legal, and scheduling aspects.
- Useful tools in feasibility studies include surveys to determine market demand and opportunities, organizational, operational, or business plans, projected income statements and balance sheets, executive summaries explaining the project and its service, technological considerations, assessing the required market, defining marketing strategies, and staff requirements.
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