How are small businesses adapting to the new normal? Examining tourism development amid COVID-19 in Phuket

2021 ◽  
pp. 1-5
Author(s):  
Kevin Fuchs
Keyword(s):  
Small Businesses ◽  
Tourism Development ◽  
New Normal

CURRENT STATE AND FORMATION PROBLEMS OF TOURISM IN RURAL AREAS OF TAMBOV REGION

2016 ◽  
Vol 10 (7) ◽  
pp. 101-110
Author(s):  
Андрей Околелов ◽  
Andrey Okolelov
Keyword(s):  
Rural Areas ◽  
Small Businesses ◽  
Professional Training ◽  
Tourism Development ◽  
Legal Framework ◽  
Tourism Industry ◽  
Rural Tourism ◽  
Successful Development ◽  
Current State ◽  
Domestic Tourism

Promotion of agritourism in Russian regions is a key condition for the formation and development of this promising trend of tourism industry. Comprehensive elaboration of regulatory and legal framework, as well as the consolidation and the multifaceted support of the municipal and regional authorities are in need for its implementation. The article is devoted to assessing the current state and development problems of agritourism in Tambov region. Agritourism in Tambov region is at the initial stage. In the region there is a complex of natural, cultural, historical and socio-economic condi- tions for its development. However, there are a number of difficulties (legal, infrastructure and others). The state and regional programs for the domestic tourism development and support for small businesses in rural areas are the most important element for the successful development of rural tourism. The article provides an analysis of tourist potential of Tambov region and identifies the problems and prospects of domestic tourism development. The author describes possibilities of agritourism for promotion and innovative development of domestic tourism, as well as justifies the necessity of the various forms of supporting tourism destinations. Tambov is currently one of the most promising regions of Russia for investments in tourism development, especially agritourism. However, successful development of this kind of business needs not only support at the municipal level. The solution of problem of agritourism development lies at the regional level. In addition, systematic work is needed in the field of professional training in rural tourism activities. For this purpose, in the region a system of continuous education in agribusiness has been developed It includes the implementation of the project activities with school children in the field of rural tourism, professional training of bachelors of technology and organization of excursion services (Agritourism) and advanced training courses for workers of RF Ministry of Agriculture

scholarly journals BUSINESS SUSTAINABILITY MODEL IN THE NEW NORMAL ERA THROUGH MICRO AND SMALL BUSINESS DIGITAL PLATFORMS IN RURAL AREAS

2021 ◽  
Vol 9 (10) ◽  
pp. 79-101
Author(s):  
Kartib Bayu
Keyword(s):  
Small Business ◽  
Rural Areas ◽  
Small Businesses ◽  
Large Scale ◽  
Primary Data ◽  
Literature Study ◽  
New Normal ◽  
Business Sustainability ◽  
Digital Platform ◽  
Sustainability Model

The policy of preventing the transmission of Covid-19 through Large-Scale Social Borders and the Enforcement of Restrictions on Community Activities has had an impact on the economy. Many micro and small businesses have stopped operating, workers have been laid off, unemployment has increased, and there has been new poverty. This study aims to implement a business sustainability model that can adapt to new normal conditions supported by digital platform applications in a rural area and obtain a Covid-19 prevention model with a change in business governance orientation approach that can adapt to the new normal era. The research method used is literature study, exploratory survey, experimental research, and applied research. A field survey was conducted to obtain primary data at the village level. An experimental method to test business sustainability models and digital platform applications on micro and small businesses. Digital platform literacy is carried out through online workshops. The unit of analysis is micro and small business actors. The data analyzed are time series. The research site was in Sumedang Regency from September 2020 to July 2021. The results showed that during the Covid-19 pandemic there were micro and small business activities that made changes, although there were also those who laid off their businesses. Adjustments in the form of substitution of raw materials, modification, diversification, making new products, and changing the way of marketing. The digital platform design is made on a web and android based to carry out the function or process of online transactions for micro and small business products in rural areas. It is hoped that MSE entrepreneurs will understand, through complete information, adjusting needs, as well as helping prevent the transmission of Covid-19 and can support business sustainability in the new normal era.

scholarly journals Existence of Licence, Infrastructure, and Energy Recources in Increasing Small Business Capacity in Sidoarjo District in The New Normal 4.0

2020 ◽  
Vol 3 (2) ◽  
pp. 23-35
Author(s):  
I Putu Artaya ◽  
Tubagus Purworusmiardi ◽  
I Gede Arimbawa ◽  
Made Kamisutara
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Renewable Energy Sources ◽  
Energy Resources ◽  
Small Business Owners ◽  
Potential Growth ◽  
New Normal ◽  
Small Business Development ◽  
Infrastructure Provision ◽  
Small Business Growth

This research was conducted in Sidoarjo Regency which has a lot of potential to grow and develop small businesses in three regions that is Krembung, Jabon, and Tulangan. The problem is one of the potential growth and development of small business activities in these three districts which has been supported by increased speed in business licensing, adequate infrastructure and the availability of renewable energy sources (gas) for smooth running and assistance for small businesses in the regions. To prove this, this research requires an increase in licensing, provision and improvement of infrastructure, and energy resources that can support its development activities for small business growth in the new normal 4.0. Of the three regions that were the object of research, at random there were 173 small business owners who were subjected to data collection in the field. As a basis for making decisions in an effort to overcome the above problems, the method used in this study is Crosstabs analysis, to test and determine whether there is a linearity between the potential for small business development with the availability of licensing management facilities, infrastructure provision, and supply of energy resources. the main pillar of the smooth running of small businesses in developing business activities, distribution and marketing of their products. From the test results, it turns out that the three facilities mentioned above, all have a linear relationship with the growth of small businesses in the three districts.

scholarly journals Impresi e-Payment dan Niat Berperilaku Baru Bagi Pemanfaatan Inklusi Keuangan Digital UMK

2021 ◽  
Vol 23 (3) ◽  
pp. 163
Author(s):  
Emmelia Tan ◽  
Dadang Heri Kusumah ◽  
Acin Damanik
Keyword(s):  
Behavioral Intention ◽  
Small Businesses ◽  
Behavioral Intentions ◽  
Financial Inclusion ◽  
Intention To Use ◽  
Significant Positive Effect ◽  
New Normal ◽  
Behavioral Intention To Use ◽  
Financial Transactions ◽  
Positive Effect

Bagaimana impresi penggunaan e-payment dan niat berperilaku baru menggunakan e-payment di masa new normal pada usaha mikro dan kecil?. Penelitian ini bertujuan menguji model penelitian yang menjelaskan impresi e-payment dan niat berperilaku baru terhadap pemanfaatan inklusi keuangan digital UMK. Sampel penelitian adalah usaha mikro dan kecil di Cikarang, sebanyak 81 responden pemilik UMK. Data penelitian diolah dan dianalisa menggunakan SEM-PLS dengan aplikasi WrapPLS 7.0. Hasil penelitian mengemukakan bahwa impresi e-payment berpengaruh positif signifikan terhadap niat berperilaku dan inklusi keuangan. Niat berperilaku baru penggunaan e-payment berpengaruh signifikan positif pada inklusi keuangan UMK. Niat berperilaku baru memediasi parsial hubungan impresi e-payment terhadap inklusi keuangan digital UMK. Niat perperilaku baru penggunaan Fintech berkontribusi lebih besar dibandingkan impresi penggunaan e-payment pada transaksi keuangan digital UMK.How are the impressions of using e-payments and new behavior intentions using e-payments in the new normal for micro and small businesses? This study aims to examine a research model that explains the impression of e-payments and new behavioral intentions toward utilization of digital financial inclusion MSEs. The research sample is micro and small businesses in Cikarang, with 81 respondents who own MSEs. The research data was processed and analyzed using SEM-PLS with the WrapPLS 7.0 application. The results showed that the impression of e-payment had a significant positive effect on behavioral intentions and financial inclusion. The new behavioral intention to use e-payments has a significant positive effect on MSEs' financial inclusion. New behavioral intentions partially mediate the impression of e-payment on digital financial inclusion of MSEs. The new behavioral intention to use Fintech contributes more than the impression of using e-payments in MSE digital financial transactions.

scholarly journals COVID reflections on corporate governance

2021 ◽  
Vol 5 (1, Special Issue) ◽  
pp. 94-106
Author(s):  
Hugh Grove ◽  
Maclyn Clouse ◽  
Tracy Xu
Keyword(s):  
Corporate Governance ◽  
Small Businesses ◽  
Boards Of Directors ◽  
Business Strategies ◽  
Cash Management ◽  
New Normal ◽  
Early Communication ◽  
Global Pandemic ◽  
Long Run ◽  
Short Run

The COVID-19 global pandemic has created unique and far-reaching impacts on corporations. Given the essential oversight role of boards of directors, it becomes critical for them to develop strategies as their companies respond to the challenges and risks under these unprecedented circumstances. This paper applies corporate governance principles and action plans for boards to help their companies survive this crisis and build sound business prospects both in the short run and long run. For immediate company survival, this paper encourages boards of directors to focus on short-term liquidity and employ five principles for COVID cash management as proposed in Gifford (2020), including detailed forecasting, setting spending priorities, initiating early communication, shortening reporting cycles, and planning for low cashpoints. Since liquidity does not equate to solvency for company survival, boards of directors also need to focus on long-term solvency by monitoring the new normal of business strategies, including the high likelihood of insolvency among small businesses and mixed solvency situations among large corporation. In addition, this paper identifies the key opportunities for the boards of directors to exploit and strengthen corporate governance during this pandemic period, including advocating a COVID disaster recovery plan with best practices, developing an emergency response checklist, establishing efficient disaster responses, and bolstering monitoring mechanisms for employees, operations, finances, customers, and supply chains (Butcher, 2020). The major sections of this paper are current COVID reflections, a case study of the Hertz Corporation, future COVID reflections, business strategies for the new normal, COVID cash management principles, COVID threats to corporate governance, COVID opportunities for corporate governance, and conclusions

scholarly journals SMALL BUSINESS AS A SOCIO-ECONOMIC BASIS FOR DEVELOPMENT OF TOURISM INDUSTRY IN THE REGION

2017 ◽  
pp. 105-112
Author(s):  
Tatyana Aleksandrovna Makarova ◽  
Elena Prokofievna Karlina ◽  
Yana Gennadievna Levina
Keyword(s):  
Small Businesses ◽  
Tourism Development ◽  
Business Environment ◽  
Tourism Industry ◽  
Entrepreneurial Activity ◽  
Objective Condition ◽  
Business Entities ◽  
Recreational Resources ◽  
Working Out ◽  
New Jobs

Tourism has a significant impact on economic development of the regions, encouraging the currency inflow into the country, creating new jobs, improving infrastructure. In this regard, creation of supporting business environment is an objective condition for the effective functioning of small businesses, which form the basis of entrepreneurial activity in tourism. The development of tourism entrepreneurship in the Astrakhan region is characterized by an increase in the number of subjects and objects of the tourist market, the number of tourists and volume of services provided, both due to the presence of unique natural and recreational resources and systemic interaction of subjects of small entrepreneurship within the tourism cluster. The analysis of tourism entrepreneurship in the region has identified a number of issues affecting tourism development: a high share of shadow business entities, monoproductivity, ineffective strategic management, absence of a unified system of state support, etc. The solution of these issues can be found due to the working out and implementing the strategy of tourism development, one aspect of which is the creation of a supporting business environment as a tool for improving the competitiveness of the tourism industry in the region.

IMPLEMENTASI PROTOKOL KESEHATAN BERBASIS CHSE PADA ERA NEW NORMAL DI INDONESIA TOURISM DEVELOPMENT CORPORATION THE NUSA DUA BALI

2021 ◽  
Vol 4 (1) ◽  
pp. 32
Author(s):  
Ibnu Avichena ◽  
Ni Made Eka Mahadewi ◽  
I Ketut Murdana
Keyword(s):  
Tourism Development ◽  
Data Display ◽  
New Normal ◽  
Development Corporation

Perkembangan  pariwisata Indonesia setiap tahunya telah mengantarkan sektor pariwisata sebagai sektor penyumbang devisa negara kedua setelah minyak dan gas. Tingginya angka kunjungan wisatawan ke Indonesia membuat Indonesia semakin terkenal.dikalangan wisatawan. Indahnya alam Indonesia membuat para wisatawan datang untuk berlibur  menikmati budaya dan alam yang sangat natural. Salah satu destinasi unggulan yaitu kawasan The Nusa Dua. Kawasan ini merupakan contoh kawasan wisatawan yang paling diminati oleh wisatawan kelas atas. Pada akhir tahun 2019 dunia digemparkan dengan adanya wabah virus covid-19 yang membuat hampir semua sektor terhenti,termasuk sektor pariwisata.Penelitian ini bertujuan untuk mendeskripsikan dan mengevaluasi  penerapan protokol kesehatan dan implementasi protokol kesehatan berbasis CHSE pada era new normal. Penelitian ini menggunakan penelitian kualitatif, dengan teknik pengumpulan data menggunakan observasi, wawancara, dokumentasi, serta menggunakan instrumen penelitian yaitu pedoman wawancara dan pengumpulan literatur sebagai penunjang. Dalam penelitian ini dilakukan pengumpulan data terlebih dahulu, reduksi data, display data dan yang terakhir verifikasi dan penegasan kesimpulan. Sehingga hasil penelitian ini menunjukkan bahwa pelaksanaan protokol kesehatan berbasis CHSE di kawasan ITDC The Nusa Dua sudah berjalan dengan baik. Sistem yang terintegrasi membuat kawasan ITDC The Nusa Dua menjadi zona hijau sehingga membuat kawasan ITDC The Nusa Dua sudah bisa dibuka untuk tujuan tertentu. Pengontrolan para pengunjung dengan aplikasi Pedulu Lindungi sangat membantu petugas untuk melakukan pengontrolan kegiatan pengunjung di ITDC dengan standar CHSE.

Time-varying mechanisms between foreign direct investment and tourism development under the new normal in China

2019 ◽  
Vol 26 (2) ◽  
pp. 324-343
Author(s):  
Xiuying Ma ◽  
Yongjing Wang ◽  
Haiyan Song ◽  
Han Liu
Keyword(s):  
Foreign Direct Investment ◽  
Impulse Response ◽  
Direct Investment ◽  
Tourism Development ◽  
Annual Data ◽  
Time Varying ◽  
New Normal ◽  
Vector Autoregressive ◽  
Time Varying Parameter ◽  
Normal Period

This study is aimed at investigating what has happened to the dynamic linkages between foreign direct investment (FDI) and tourism development in China since the emergence of the so-called new normal economy. A time-varying parameter vector autoregressive (TVP-VAR) model is used for the first time to analyze the equi-spaced and time-point impulse responses between FDI, foreign exchange earnings from international tourism (FEE), and gross domestic product using annual data taken from 1983 to 2017. The results for the equi-spaced impulse response show that a difference in intensity for the interaction effect between FDI and FEE will change with different intervals. In addition, impulse response diagrams for FDI and FEE based on changes in economic development at three significant points in time reveal that the effect FDI in the new normal period has had the greatest impact on FEE in 2012, followed in decreasing impact by 2003 and then 1997.

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