Providing a planning model for the optimal allocation of financial resources in small and medium-sized companies with the approach of interviewing experts and theme analysis
Subject Areas :Hossein Ganbari 1 , Naser Hamidi 2 * , Abdollah Nazari 3
1 - PhD Student, Department of Industrial Management, Ab.C. Islamic Azad University, Abhar. Iran.
2 - Department of Industrial Management, Qa.C. Islamic Azad University, Qazvin. Iran. (Corresponding Author).
3 - Assistant Professor, Department of Business Management, Ab.C. Islamic Azad University, Abhar. Iran.
Keywords: Planning Model, Optimal Allocation of Financial Resources, Small and Medium Enterprises.,
Abstract :
Objective: Small and medium-sized enterprises (SMEs), as the driving force of many economies, play a vital role in job creation and innovation. However, due to financial resource constraints, business environment uncertainty, and intense competition, these companies face serious challenges in optimal allocation of financial resources. Decision-making regarding how to allocate financial resources, especially in today’s complex and dynamic business environment, is one of the most challenging tasks for managers of these companies. Accordingly, planning and optimal allocation of financial resources is considered a key topic in financial management.
Research Methodology: In this study, to develop a model for optimal financial resource allocation planning in SMEs, expert interviews and thematic analysis were used. Thematic analysis, a qualitative research method, was employed to analyze the texts extracted from the interviews.
Findings: The interview results revealed three main themes: alignment with business strategy (including sub-themes of strategic priorities setting, strategy flexibility, and performance measurement), the role of technology in resource allocation (including sub-themes of process automation, data analytics, artificial intelligence and machine learning, and information security), and the importance of human resources (including sub-themes of organizational culture, employee skills, motivation and rewards, and effective leadership).
Originality/Scientific Value Added: This research addresses the gap in traditional models of optimal financial resource allocation for SMEs by presenting a comprehensive and practical model. The proposed model integrates strategic factors, technology, and human resources, and by employing thematic analysis, provides a coherent and flexible framework for financial decision-making.
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