scholarly journals Analisis Covid-19 terhadap Usaha Mikro Kecil dan Menengah (UMKM) di Kabupaten Tulang Bawang Tahun 2020

2021 ◽  
Vol 10 (3) ◽  
pp. 144-158
Author(s):  
Dedy Yuliawan ◽  
Veronica Wanniatie
Keyword(s):  
Small And Medium Enterprises ◽  
Virus Disease ◽  
Spillover Effect ◽  
Business Strategies ◽  
Survey Method ◽  
Population Mobility ◽  
Online Sales ◽  
Open Questions ◽  
Medium Enterprises ◽  
The Impact

Corona Virus Disease 2019 (Covid-19) entering Indonesia has an impact on restricted population mobility. In addition, Pembatasan Sosial Berskala Besar Policy (PSBB) affects the national economy, especially Micro, Small, and Medium Enterprises (MSMEs). It has a spillover effect in the lowest areas, including the Tulang Bawang Regency. This study uses a survey method with closed and open questions with respondents as many as 100 MSMEs in Tulang Bawang Regency to determine the impact of Covid-19 and how MSME strategies can overcome it. The results show that overall, MSMEs experience an adverse effect, but there are several types of MSMEs that continue to experience an increase. In addition, some MSMEs can adjust their business strategies through marketing changes through online sales, but MSME actors with low levels of education have difficulty.

COVID-19 and Ludhiana’s woolen knitwear industry: way forward

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Swati Mehta ◽  
Manpreet Kaur
Keyword(s):  
Small And Medium Enterprises ◽  
Virus Disease ◽  
World Market ◽  
Feedback Mechanism ◽  
Content Type ◽  
Road Map ◽  
Innovation Approach ◽  
Medium Enterprises ◽  
World Economic Order ◽  
The Impact

Purpose The purpose of this paper is to examine the challenges faced by the Ludhiana’s woolen knitwear industry that got accentuated with the outbreak of Corona Virus Disease 2019 (COVID-19). The paper discusses the road map for building capabilities within the industry from the perspective of “system of innovation” approach that would help the industry to comply with the recent call for “AatmaNirbhar Bharat Abhiyan.” Design Methodology Approach The woolen knitwear industry from Ludhiana district of North Indian state, Punjab, was taken as a case to examine the impact of COVID-19. Data was collected online through self-structured questionnaire along with telephonic interviews. Stage I was the period of “total lock-down” and Stage II was conducted after the announcement of “stimulus package” and during the unlocking period. Some local industry associations and labor unions were also interviewed to understand the wider perspectives of different stakeholders. Descriptive statistic was applied to analyze the results of the survey. Findings It is estimated that the industry would lose about INR 2,000 crores approximately US$282.1m with the monetary loss of man-days nearing INR 157 crores approximately US$22.1m for the total lockdown period of 68 days. This amount is feared to increase with the lackluster re-opening of the industry in the unlocking period. The study reveals that there were some concerns, such as infrastructural bottlenecks, obsolete internal and international connectivity and institutional rigidity with cumbersome rules and regulations that get heightened with the outbreak of COVID-19. The entrepreneurs and workers are skeptic regarding the nature of demand revival in the changing world economic order. The paper suggests a dynamic policy intervention with inbuilt feedback mechanism along with reviving the organizations to infuse enthusiasm among various actors of industry. Originality/value The study is one of the first few to conduct surveys at two different stages to assess the impact of COVID-19 from the perspective of micro, small and medium enterprises and workers working therein while taking the case of Ludhiana woolen knitwear industry. The findings of this study will aid the industry and policymakers to take essential steps to make the industry more innovative and competitive in the dynamic world market.

scholarly journals Financing MSMEs (Micro Small and Medium Enterprises) in Nigeria: Implications of Transaction Costs

2018 ◽  
Author(s):  
Oluseye Ajuwon ◽  
Sylvanus Ikhide ◽  
Joseph Akotey
Keyword(s):  
Financial Institutions ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Survey Method ◽  
Access To Finance ◽  
Access To Credit ◽  
Transactions Cost ◽  
Medium Enterprises ◽  
The Impact ◽  
Depth Interviews

This study investigated the roles of transactions cost in MSMEs access to finance. This was done by investigating the impact of transactions cost on access to credit from both MSMEs and financial institutions (commercial banks and microfinance banks). From the MSMEs’ side, borrowing experience, decision lag, firm size and borrowers’ distance to the loan office were investigated. On the financial institution’s side, the costs of information gathering, loan administration, monitoring and loan enforcement were investigated. We used the questionnaire survey method, in-depth interviews and case studies, as well as the annual financial statements of the banks. We identified interest rate and collateral value as constraints to access to finance for MSMEs. We also found financial institutions’ attitude to MSMEs access to credit was not friendly. Financial institutions need to do more to bring down transaction cost of lending. This hopefully can be achieved by investing more in agent banking which would lower operating costs, as well as spreading risk, and ultimately increase credit intermediation to small businesses.

scholarly journals Features of world experience in the management of e-commerce enterprises as subjects of innovative entrepreneurship

2019 ◽  
pp. 74-82
Author(s):  
Volodymyr S. Symakov
Keyword(s):  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
The United States ◽  
Business Strategies ◽  
Digital Revolution ◽  
Online Platform ◽  
Online Sales ◽  
The World ◽  
Online Stores ◽  
The Impact

The purpose of the article is to analyze the features of the world experience in the management of e-commerce enterprises as subjects of innovative entrepreneurship and study their content. Methodology. The study used generalizations, comparisons and systematic methods. Results. In the article the specifics of the world experience in the management of e-commerce enterprises as subjects of innovative entrepreneurship are analyzed. The experience of this topic in the leading countries of the world is studied. The list of features of this question is defined. Practical meaning. It is argued that the significant reorientation of world trade to online sales channels due to the impact of quarantine restrictions associated with the coronavirus pandemic in 2020 could significantly affect the real level of sales in 2020, adjusting it upwards. It is noted that the industrial revolution turned agrarian societies into production centers and changed people's work and the standard of living they could expect. The digital revolution has also changed the way people communicate, shop and work. Referring to the experience of e-commerce companies, which are directly affected by the digital transformation on the nature and intensity of their activities in both strategic and operational dimensions, it should be noted that digital business strategies continue to review traditional retail through multichannel capabilities. Prospects for further research. Statistics show that mobile commerce, especially the use of mobile applications, is becoming increasingly important in the development of online sales strategies. Yes, Amazon is the leading mobile application for online stores in the United States. At the same time, Amazon singles out a list of development risks that are quite obvious to all retailers operating in the e-commerce environment, primarily related to the implementation of international transactions, which the author cites in the article. The author gives an example of successful European experience in managing an e-commerce company, namely the company “C&A” – a Belgian-German-Dutch network of retail clothing stores. Also interesting is the Chinese e-commerce platform Aliexpress, the international online platform Alibaba (aliexpress.com), which was launched in 2010, and Taobao, the online platform Alibaba C2C (taobao.com), which was founded in May 2003. It is noted that almost 80% of small and medium enterprises consider sales on social networks as a proven strategy to increase revenue.

scholarly journals The Impact of Entrepreneurial Resilience on the Success of Small and Medium Enterprises in South Africa

2018 ◽  
Vol 10 (7) ◽  
pp. 2527 ◽  
Author(s):  
Olawale Fatoki
Keyword(s):  
South Africa ◽  
Sustainable Development ◽  
Small Business ◽  
Poverty Reduction ◽  
Small And Medium Enterprises ◽  
Business Owners ◽  
Survey Method ◽  
Small Business Owners ◽  
Medium Enterprises ◽  
The Impact

Small and medium enterprises (SMEs) have a significant role to play in a country’s sustainable development. The measures of a country’s sustainable development include economic and social factors. The sustainability of small and medium enterprises is vital to job creation, poverty reduction, and sustainable economic growth. The high failure rate of SMEs negatively impacts on South Africa’s sustainable development. The purpose of the study was to investigate the relationship between entrepreneurial resilience and the success of SMEs in South Africa. Success was measured using both organisational and individual criteria. The Connor–Davidson Resilience Scale 10 (CD-RISC 10) was used to measure entrepreneurial resilience. Data was collected from 170 small business owners through the survey method. The self-administered questionnaire method was used to collect data from the participants. Convenience and snowball methods were used for sampling. Descriptive statistics, confirmatory factor analysis, correlation, and regression analysis were used for data analysis. Cronbach’s alpha was used as a measure of reliability. The results indicated that there is a significant positive relationship between entrepreneurial resilience and individual and organisational success. Ways to enhance the resilience of small business owners in order to ensure the sustainability of SMEs are suggested.

scholarly journals Organisation Justice Towards’ Employees Voluntary Turnover: A Perspective of SMEs in Malaysia

2021 ◽  
Vol 11 (2) ◽  
pp. 58
Author(s):  
Alvin Chong ◽  
Ibiwani Alisa Hussain ◽  
Noraini Ahmad ◽  
Jugindar Singh Kartar Singh
Keyword(s):  
Quantitative Research ◽  
Small And Medium Enterprises ◽  
Interactional Justice ◽  
Voluntary Turnover ◽  
Three Dimensions ◽  
Survey Method ◽  
Human Resource Professionals ◽  
Organisational Justice ◽  
Medium Enterprises ◽  
The Impact

Turnover of employees has gained the attention of organisations due to the impact of human resources on organisation performance and competitive advantage. This dilemma leads the management to struggle to find ways and retain employees. To attract, organisations use the "pull factors" to entice employees to perform better in the organisation. This study was conducted to investigate the relationship between the three dimensions of organisational justice: distributive, procedural and interactional justice towards voluntary turnover. This was an explanatory study that used a quantitative research design. Through a survey method, data was collected from a total of 115 respondents. The findings revealed that there was a significant relationship between employee turnover, distributive justice, procedural justice, and interactional justice. However, interactional justice had the strongest impact. This study also unearthed that attractive compensation is not the only method for the management to retain talent in organisations. Organisational justice plays an essential role in the retention of employees. These results will provide a better understanding of supervisors and human resource professionals with additional insights into the impact of organisational justice on employees' turnover. This study indicates that organisations' interactional justice practised is considered a central factor for employee retention. Although prior research has investigated a number of these issues, this study was the first to focus on employees in Small and Medium Enterprises in Malaysia.

scholarly journals The impact of e-commerce adoption on business strategy in Saudi Arabian small and medium enterprises (SMEs)

2019 ◽  
Vol 4 (1) ◽  
pp. 73-88 ◽  
Author(s):  
Joman Alzahrani
Keyword(s):  
Business Strategy ◽  
Small And Medium Enterprises ◽  
Saudi Arabian ◽  
Business Strategies ◽  
Management Approach ◽  
Content Type ◽  
Major Factors ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship

PurposeThis paper aims to examine the impact of e-commerce on business strategy, especially on small and medium enterprises (SMEs) in Saudi Arabia. It also investigates the relationship between e-commerce and business strategy and how the e-commerce niche changes SMEs’ strategic management approach. Additionally, this paper identifies the factors that moderate this relationship.Design/methodology/approachTo evaluate and examines the impact of e-commerce on business strategy, the study used a quantitative method by conducting a questionnaire survey in Saudi Arabian SMEs.FindingsThe analysis of collected data confirms that e-commerce adoption has an impact on SMEs strategies. Many participants asserted that the introduction of e-commerce in Saudi market has changed their businesses’ plans and strategies. The findings identify the major factors that moderate and predict the relationship between e-commerce and business strategy.Originality/valueThis study contributes to the literature by discussing and examining the impact of e-commerce adoption on SMEs strategies in the context of Saudi Arabian SMEs. It provides a comprehensive understanding of the relationship between e-commerce and business strategies. The findings of this study can benefit SMEs’ owners, managers and employees to understand and acknowledge the impact of e-commerce on their plans and strategies. It also can assist policymakers and governments to develop suitable policies and initiatives.

scholarly journals European Integration Influence on the Development of Human Capital of Small and Medium Enterprises in Poland

2018 ◽  
Vol 18(33) (4) ◽  
pp. 236-249
Author(s):  
Marzena Kacprzak ◽  
Agnieszka Król ◽  
Marta Radziszewska
Keyword(s):  
Human Capital ◽  
European Integration ◽  
Small And Medium Enterprises ◽  
Survey Method ◽  
Funding Sources ◽  
Sources Of Knowledge ◽  
Barriers To Access ◽  
Long Run ◽  
Medium Enterprises ◽  
The Impact

Enterprises from the SME sector significantly affect the quality of human capital in Poland and the standards of their management are rising every year. The aim of this article is to present the essence and specifics of human capital of SMEs, showing the impact of European integration on the devel-opment of human capital in this sector. In addition, the authors focus on finding the answer to the question whether employers willingly reach for EU funding (sources of knowledge, forms, types of funding, barriers to access to funds) to be able to support and develop human capital that they have in the long run. The study was carried out by a survey method. The analysis made allowed to formu-late the following conclusions. Entrepreneurs willingly undertake to raise funds from EU funds. Re-spondents were convinced that EU funds help in the development of their businesses, although ob-taining funding alone is not easy. The respondents pointed to barriers, which include complicated and lengthy procedures, as well as low availability of information.

scholarly journals Entrepreneurial Orientation and Organizational Commitment in SMEs as Form of Business Performance Improvement

2020 ◽  
Author(s):  
Mukson . ◽  
Hamidah . ◽  
Anton Satria Prabuwono
Keyword(s):  
Organizational Commitment ◽  
Performance Improvement ◽  
Entrepreneurial Orientation ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
Structural Equations ◽  
Survey Method ◽  
Technical Data ◽  
Medium Enterprises ◽  
The Impact

Small and Medium Enterprises (SMES) play an important role in economic growth throughout the world. The objective of this study is to determine and analyze the impact of entrepreneurial orientation and organizational commitment in SMES as a form of improvement in business performance in Indonesia. This study uses a quantitative approach with the survey method of 6,708 SMES who have a business license. This study will be taken 200 samples, with a random backup technique of 10%, spread across 17 districts. Analysis of technical data in this study uses structural equations modeling (SEM) using AMOS Software. The results of the study is similar with the empirical data received. The result of the entrepreneurship orientation tests is partially proved positive and significant effect on the organizational commitment performance. Entrepreneurial orientation variables are not proven as positive and significantly in improving the SME performance. Organizational commitments are not proven as positive and significant effect on SME performance. Entrepreneurial orientation does not prove to be an intermediary between organizational commitment variables in SME performance. Keywords: Entrepreneurial Orientation, Organizational Commitment, SMEs Performance

scholarly journals Analysis of The Cycling Trend During the Pandemic of COVID 19 Towards Small and Medium Enterprises (UMKM) Income

2020 ◽  
Vol 4 (4) ◽  
pp. 528
Author(s):  
Irham Ramdani
Keyword(s):  
Large Scale ◽  
Small And Medium Enterprises ◽  
Virus Disease ◽  
Well Being ◽  
Spare Parts ◽  
Social Restriction ◽  
Medium Enterprise ◽  
The Many ◽  
Medium Enterprises ◽  
The Impact

The Corona pandemic has take down the vital parts of the economic sector. The implementation of the Large Scale Social Restriction (PSBB) has forced people to stay at home. Meanwhile, they also obliged to maintain their well being and health to prevent themselves infected by the Corona Virus Disease (COVID 19). On of the many ways to prevent the virus attack is by doing exercises, most of the society choose cycling as their exercise during the pandemic. This condition leads to the increase of the demands of bicycle and its spare parts although their prices is also increasing. This phenomena could increase the income of the Small and Medium Enterprises. The aim of this research is  to analyze the impact of cycling trend during the pandemic of COVID 19 towards the income of small-medium enterprise, specifically  the ones in the domain of bicycle. This research will use the qualitative descriptive approach. The interview data will be collected and categorized based on the source of the information, and will be presented in narrative voice showing the increase of small and medium bicycle enterprises’s income, so we can conclude that there is an impact of the cycling trend during the pandemic of COVID 19 towards the increase of the small medium bicycle enterprise, whether it is online, offline, the selling of bicycle, the spare parts, or the accessories.

scholarly journals DAMPAK RELAKSASI PPh UMKM DI MASA PANDEMI COVID-19

2021 ◽  
Vol 1 (2) ◽  
pp. 79
Author(s):  
Susi Dwi Mulyani ◽  
Victor Siagian ◽  
Henik Hari Astuti Astuti ◽  
Aris Riantori Faisal ◽  
Giawan Nur Fitria
Keyword(s):  
Income Tax ◽  
Government Regulation ◽  
Small And Medium Enterprises ◽  
Virus Disease ◽  
Tax Incentives ◽  
Indonesian Government ◽  
Ministry Of Finance ◽  
The Government ◽  
Medium Enterprises ◽  
The Impact

<em>Community Service Activities are one part of the Tri Dharma of Higher Education which is carried out as a form of direct contribution of academics in this case the Faculty of Economics and Business, Trisakti University (FEB Usakti) to the community. The purpose of this activity is to provide training on: i) review of tax incentives for MSME actors provided by the Indonesian government in accordance with the Regulation of the Minister of Finance; ii) tax administration application training to obtain tax incentives; and iii) training on reporting procedures for tax incentives that have been received by MSME actors. On this occasion the FEB Usakti team had the opportunity to collaborate with PD Pasar Jaya, market unit of Santa as a partner, to socialize tax incentives for Micro, Small and Medium Enterprises (MSMEs) during the COVID-19 pandemic. This pandemic has caused a decline in the performance of MSMEs which then resulted in a very significant decrease in MSME income. The Indonesian government through the Ministry of Finance made a relaxation policy in the form of tax incentives for taxpayers affected by the 2019 corona virus disease pandemic. The Indonesian Ministry of Finance then issued a Minister of Finance Regulation number 44/pmk.03/2020, the last with PMK number 82/PMK.03/2021, one of which provides relaxation for PPh payments to MSME actors. Many MSME business actors do not know about this tax facility. For MSME actors who are subject to Final Income Tax based on Government Regulation Number 23 of 2018, due to the impact of the COVID-19 pandemic, the income tax is borne by the government. The PPh period borne by the government starts in April 2020 and has been extended several times. When the training was held, which was February 24, 2021, the government-paid PPh facilities were still valid and extended until December 31, 2021. This training can increase the understanding of MSME actors towards the tax facilities provided by the government, so that they will take advantage of this facility.</em>

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