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A Review of the Management Process with the Mediating Role of the Budget Process on the Performance of Vietnamese SMEs

Author

Listed:
  • Tuan Khanh VUONG

    (Malaysia University of Science and Technology)

  • Premkumar RAJAGOPAL

    (Malaysia University of Science and Technology)

Abstract

The SME sector has a large representation within Ho Chi Minh City (HCMC)-Vietnam and it provides a significant contribution in supporting the socio-economic benefits. SMEs in the manufacturing sector within HCMC that participate in the global markets, should embrace and adopt enhanced performance to maximize the overall benefits and outcomes. This will promote the efficient management of the enterprises' overall internal resources in providing competitive equality with global corporations. Therefore, this empirical study analyses and reviews the management process that has adopted the mediating role of the budget process on the SMEs' performance. Based on the review of theories and related studies, it is evidenced that, the management process has incorporated the core-factors namely; business planning, organizational commitment, strategy implementation, managerial control with mediating role of the budget process; these applied core-factors contribute significantly in supporting the SMEs performance within the manufacturing sector of HCMC. Additionally, the outcomes of this empirical study will provide the key-procedures for SMEs such as; high-value knowledge and concepts to restructure their overall management, to gain growth in performance, improve their management capacity, develop their enterprises' sustainability into the new era.

Suggested Citation

  • Tuan Khanh VUONG & Premkumar RAJAGOPAL, 2020. "A Review of the Management Process with the Mediating Role of the Budget Process on the Performance of Vietnamese SMEs," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 8(3), pages 277-296, September.
    • Handle: RePEc:nup:jrmdke:v:8:y:2020:i:3:277-296
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