Revenue leakage sin small and medium sized enterprises : Comparison between Ghana and Finland
Forkuo, Samuel (2018)
Forkuo, Samuel
Centria-ammattikorkeakoulu
2018
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2018092115304
https://urn.fi/URN:NBN:fi:amk-2018092115304
Tiivistelmä
The purpose of this study was to review the leakages in small and medium sized enterprises and by comparing organizations in Ghana and Finland, and as such come up with a practical solution, hence the development of a Point of Sale application. Various literature and theories were reviewed to gather secondary data to complement the study.
A practicable form of research was adopted as the researcher believe organizations must be able to monitor their sales and revenue in comprehensively. The respondents were made up entrepreneurs in Finland and Ghana, who own businesses in various sectors of the business field. 50 entrepreneurs responded to the questionnaires that were administered through Webropol and their answers were represented in graphs to depict their answers.
The researcher found that technology could be used to monitor activities within the organization especially sales. The study revealed that, organizations used proper bookkeeping methodology to monitor their revenue. On the other hand, there is a tendency for these organizations to use software application in monitoring processes, but they might have to be educated more on how it functionalities work. The revelation brought to bear that, organizations which fall within a specific revenue range rely on their memories in their revenue monitoring, which could be jeopardize their revenue mobilization. Nonetheless, respondents also believe integrating software application in their processes could have a positive impact on the revenue, but none availability of these application is a major problem due to a couple of factors such as lack of knowledge, cost of the application and many more.
Recommendations were made at the end of the study, which could help organizations realize their full sales value.
A practicable form of research was adopted as the researcher believe organizations must be able to monitor their sales and revenue in comprehensively. The respondents were made up entrepreneurs in Finland and Ghana, who own businesses in various sectors of the business field. 50 entrepreneurs responded to the questionnaires that were administered through Webropol and their answers were represented in graphs to depict their answers.
The researcher found that technology could be used to monitor activities within the organization especially sales. The study revealed that, organizations used proper bookkeeping methodology to monitor their revenue. On the other hand, there is a tendency for these organizations to use software application in monitoring processes, but they might have to be educated more on how it functionalities work. The revelation brought to bear that, organizations which fall within a specific revenue range rely on their memories in their revenue monitoring, which could be jeopardize their revenue mobilization. Nonetheless, respondents also believe integrating software application in their processes could have a positive impact on the revenue, but none availability of these application is a major problem due to a couple of factors such as lack of knowledge, cost of the application and many more.
Recommendations were made at the end of the study, which could help organizations realize their full sales value.