scholarly journals MSMEs BECOME THE EARLY FOUNDATION OF INDONESIA'S ECONOMIC RECOVERY

2021 ◽  
Author(s):  
Angelia
Keyword(s):  
Economic Growth ◽  
Small And Medium Enterprises ◽  
Free Time ◽  
Economic Recovery ◽  
Purchasing Power ◽  
Government Programs ◽  
The Third ◽  
Work From Home ◽  
Medium Enterprises ◽  
Better Than

Micro, Small and Medium Enterprises (MSMEs) at the beginning of the pandemic experienced a drastic decline. People are still too shocked by the situation that requires all activities to be limited. But slowly but surely with more free time due to government programs, namely study from home and work from home, making people look for ideas to make a living and be productive. In the third quarter, the Indonesian economy improved slightly, although its economic growth was still minus, but was better than the previous quarter. This turned out to be due to one of them, namely the emergence of several new MSMEs that began to move people's purchasing power.

scholarly journals Implementasi E-Commerce untuk Pengembangan Market Produk Kewirausahaan Mahasiswa

2020 ◽  
Vol 5 (2) ◽  
pp. 461-469
Author(s):  
Alexius Endy Budianto ◽  
Didik Iswahyudi ◽  
Eris Dianawati
Keyword(s):  
Economic Growth ◽  
Small And Medium Enterprises ◽  
Development Program ◽  
Digital Marketing ◽  
Government Programs ◽  
Product Packaging ◽  
Student Groups ◽  
Student Entrepreneurship ◽  
Medium Enterprises ◽  
The University

The development of student entrepreneurship at the University of Kanjuruhan Malang is starting to show results. This is very supportive of government programs in their development in line with increasing economic growth. Furthermore, it has an impact on student entrepreneurial actors to be more creative and innovative in effective marketing strategic planning. Most entrepreneurial students have difficulty developing because they do not understand how to market a product effectively, display product packaging attractively so that it has high selling value and manages their business well. On this occasion, we aim to provide solutions through the Entrepreneurship Development Program of the University of Kanjuruhan Malang which collaborates with micro, small and medium enterprises (MSMEs) in Malang City and Regency, in the form of a digital marketing strategy, namely e-commerce. The method we use in this activity is conducting workshops by forming student groups according to their target products and market reach, and providing assistance to these student groups. The investment that we provide is in the form of e-commerce applications. The results of the investment show a significant change in marketing among entrepreneurial students at Kanjuruhan University of Malang.

The E-Commerce of SMEs in Thailand

2011 ◽  
pp. 198-218 ◽  
Author(s):  
Arunee Intrapairot ◽  
Anongnart Srivihok
Keyword(s):  
Economic Crisis ◽  
Small And Medium Enterprises ◽  
Economic Recovery ◽  
The Internet ◽  
Advantages And Disadvantages ◽  
The Third ◽  
Business Units ◽  
Medium Enterprises

Small and medium enterprises (SMEs) in Thailand are fundamental business units spread all over the country. Since the severe economic crisis (i.e., Tom Yum Kung disease) in 1997, thousands of SMEs have gone bankrupt and so dropped out of the Thai economy each year. One key means of enhancing the viability of SMEs and assisting in economic recovery of the country that has been suggested is to transform them from a traditional to digital business using the Internet and e-commerce.. The expected advantages of e-commerce strategy include decreasing costs, expanding marketplaces, enhancing competitiveness, improving business image, and increasing revenues. However, there are snares and hidden pitfalls in the backend of this business. This chapter presents an overview of e-commerce of SMEs in Thailand. The first part introduces fundamental background of SMEs in Thailand including types and characteristics. The second part investigates advantages and disadvantages of e-commerce implementation. Finally, the third part discusses SMEs and e-commerce in Thailand in the case of e-tourism.

scholarly journals Economic Recovery: The Role of Business Digitization in Minimizing Unemployment During the Covid-19 Pandemic

2021 ◽  
Vol 1 (2) ◽  
pp. 120-126
Author(s):  
Muhammad Ihsaan Rizqulloh
Keyword(s):  
Business Models ◽  
Business Processes ◽  
Small And Medium Enterprises ◽  
Secondary Data ◽  
Economic Recovery ◽  
Government Programs ◽  
Digital Revolution ◽  
Qualitative Descriptive ◽  
Medium Enterprises

Business digitization is the change of communication, interaction, and business functions to digital. In business applications, digitization changes the business processes, functions, and business models applied to digital technology. One of the most successful ways to deal with the digital revolution is business digitization in the 5.0 society era. The concept of society 5.0 is related to the National Economic Recovery, which aims to build a human-centered society where economic development and problem-solving can be achieved. The role of business digitization during the Covid-19 pandemic is very influential on the Indonesian economy, especially for government programs that have used digital systems and supported Small and Medium Enterprises (MSMEs). This study uses a qualitative descriptive approach, using secondary data obtained from the Central Statistics Agency, journals, books, and other sources relevant to the research. Based on the research results, there is a very significant change in business digitization in the era of society 5.0, where digital business is more promising than conventional concepts.

Analysis of Major Problems Faced by Small Firms in North India

2015 ◽  
Vol 15 ◽  
pp. 150-160
Author(s):  
Davinder Singh ◽  
Jaimal Singh Khamba ◽  
Tarun Nanda
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
North India ◽  
Small Enterprises ◽  
Employment Generation ◽  
Medium Enterprises

Micro, Small and Medium Enterprises (MSMEs) have been noted to play a significant role in promoting economic growth in less developed countries, developing and also in developed countries. Worldwide, the micro and small enterprises have been accepted as the engine of economic growth of any nation. Small and Medium Enterprises are the backbone of the economies, because it trigger employment, output, export, poverty alleviation, economic empowerment, economic development etc. in developed as well as in developing countries. It is more important to developing countries as the poverty and unemployment are burning problems. MSMEs have been playing a momentous role in overall economic development of a country like India where millions of people are unemployed or underemployed. Therefore, the growth of small sectors is essential for the growth in the GDP, employment generation, total manufacturing production and export. India, being one of the fastest growing economies of the world, needs to pay an honest attention for the utmost growth of MSMEs for its increased contribution in above areas.

scholarly journals Demand forecasting in Small and Medium Enterprises (SMEs) ED Aluminium Yogyakarta using causal, time series, and combined causal-time series approaches

2018 ◽  
Vol 204 ◽  
pp. 01004 ◽  
Author(s):  
Wildanul Isnaini ◽  
Andi Sudiarso
Keyword(s):  
Time Series ◽  
Small And Medium Enterprises ◽  
Demand Forecasting ◽  
Actual Condition ◽  
Inventory Data ◽  
Inventory Cost ◽  
Forecasting Method ◽  
Medium Enterprises ◽  
Better Than

ED Aluminium is the biggest Small and Medium Enterprises (SMEs) in Daerah Istimewa Yogyakarta (DIY) with 90 number of workers and 1,5 ton ingot capacity for production (Isnaini, 2014). Inventory data in December 2015 indicates that some products are overstocked (9%) and stockout (83%). This condition can happend because that SMEs still using intuition to predict the number of demand. Inventory fluctuation causes the inventory cost increases while overstock happend and lost the opportunity cost during stockout. To avoid overstock and stockout, the determination of demand with exact method is needed and one of them can be solved by forecasting method. This study aims to find the best forecasting methods of demand in 2015 using causal, time series, and combined causal-time series approces that better than the actual condition. The results of this research is the best forecasting method used to predict the number of sales in January-November 2015, that are SARIMA (3,1,1)(0,1,1)12 for WB, SARIMA (1,1,1)(1,0,1)6 for WSD, SARIMA (1,1,1)(1,1,0)6 for DE, SARIMA (2,1,1)(1,1,0)6 for PE, and SARIMA (2,1,3)(0,1,0)12 for PT.

scholarly journals New tools and opportunities in growth and climate friendly greening for small and medium enterprises in the European Union

2015 ◽  
Vol 9 (4) ◽  
pp. 25-31
Author(s):  
Xénia Szanyi-Gyenes ◽  
György Mudri ◽  
Mária Bakosné Böröcz
Keyword(s):  
Economic Growth ◽  
Environmental Sustainability ◽  
Small And Medium Enterprises ◽  
Sustainable Growth ◽  
Added Value ◽  
Easy Access ◽  
The European Union ◽  
Access To Finance ◽  
Medium Enterprises ◽  
The Eu

The role of Small and Medium Enterprises (SMEs) is unquestionable in the European economies, while financial opportunities are still inadequate for them. The more than 20 million SMEs play a significant role in European economic growth, innovation and job creation. According to the latest EC Annual Report , SMEs are accounting for 99% of all non-financial enterprises, employing 88.8 million people and generating almost EUR 3.7 tn in added value for our economy. Despite the fact that there is plenty of EU funding available for these SMEs, for certain reasons these funds hardly reach them. But we have to see that the EU supports SMEs by various way, e.g. by grants, regulatory changes, financial instrument, direct funds. On the other hand, SMEs and decision makers realised that the environmental sustainability has to be attached to the economic growth, therefore more and more tools are available for these enterprises. Over the last few years, public institutions, the market, the financial community and non-governmental associations have explicitly demanded that firms improve their environmental performance. One of the greatest opportunities might lay in the Climate- and Energy Strategy till 2030 as 20% of the EU budget is allocated to climate-related actions, however the easy access to finance is still a key question. Does the EU recognise the actual difficulties? Is there a systemic reason behind the absorption problems? Is the EU creating a more businessfriendly environment for SMEs, facilitating access to finance, stimulates the green and sustainable growth and improving access to new markets? The paper analyses the current European situation of the SMEs and the effectiveness of some new tools, which are specially targeting SMEs. JEL classification: Q18

scholarly journals Product Development for Competitive Advantage of Micro, Small, and Medium Enterprises of Ikat Woven Fabric in Kediri

2019 ◽  
Vol 10 (2) ◽  
pp. 75-86 ◽  
Author(s):  
Rita Ambarwati ◽  
Andre Saputro ◽  
Aditya Galih Fathurochman ◽  
As'ad Rizal
Keyword(s):  
Product Development ◽  
Competitive Advantage ◽  
Quality Function Deployment ◽  
Raw Materials ◽  
Small And Medium Enterprises ◽  
Woven Fabric ◽  
Quality Cost ◽  
The Third ◽  
Plastic Materials ◽  
Medium Enterprises

The research aimed to provide the solutions for the method of selecting product development strategies based on competitive advantage criteria including Quality, Cost, Delivery, Service, and Morale (QCDSM). The research was done in Micro, Small, and Medium Enterprises (MSMEs) of Ikat woven fabric in which the collecting data used questionnaires for the customers. The questionnaire was regarding the criteria for competitive advantage for MSMEs of Ikat woven fabric in Kediri. The analysis methods applied Importance-Performance Analysis (IPA) and Quality Function Deployment (QFD) based on the criteria of competitive advantage. The results show that the MSMEs of Ikat woven fabric should replace plastic materials into recyclable materials, ensure that raw materials do not contain dangerous and poisonous materials, choose coloring materials that do not contain dangerous and poisonous materials, choose the third parties to deliver products, weigh dye materials according to their composition and measurement, and utilize domestic raw materials.

scholarly journals Government Efforts to Increase MSME Sales in Indonesia

2021 ◽  
Author(s):  
Florencia Lianggono
Keyword(s):  
Central Government ◽  
Small And Medium Enterprises ◽  
Social Assistance ◽  
Tax Incentives ◽  
Purchasing Power ◽  
Government Assistance ◽  
The Government ◽  
Medium Enterprises

When the Covid-19 pandemic in Indonesia, Indonesia’s economy experienced a very drastic decline. The government is also preparing a strategy to save micro, small, and medium enterprises (MSMEs) by providing social assistance, tax incentives, relaxation, and credit restructuring, to expand financing. Many efforts to develop and empower MSMEs have been carried out by the Central Government, Provinces, Districts, and Cities, including state-owned enterprises and regional-owned enterprises. The government has prepared a budget of Rp 28 trillion to help business capital to 12 million small and ultra micro entrepreneurs by 2020. The purpose of government assistance is to increase people's purchasing power, reduce poverty and unemployment.

scholarly journals MSMEs as Engine of Economic Growth in Nigeria: Challenges and Prospects of Scalability

2018 ◽  
Vol 2 (1) ◽  
pp. 1-10
Author(s):  
Emmanuel Okokondem Okon
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Developing Economies ◽  
Small And Medium Enterprises ◽  
Business Environment ◽  
Technological Systems ◽  
Economic Growth And Development ◽  
Area Of Concern ◽  
Medium Enterprises ◽  
A Company

Growing or expanding the Micro, Small and Medium Enterprises (MSMEs) sector of the economy is one key strategy to achieve economic growth and development. Micro, Small and Medium Enterprises (MSMEs) scalability (growth or expansion) have become an area of concern for economic growth in developing economies. People use the term in reference to computer or other technological systems, but those in business also use the word to describe the adaptability of a company (Thibodeaux, 2015) in today‘s fast-paced business environment where the focus on customer satisfaction is at an all-time high. This article discusses the concept of scalability as it relates to business and non-scalable components of business process as well as the importance of being scalable. It also looked at some of the challenges and practices that prevent effective scalability of MSMEs in Nigeria and the way forward.

scholarly journals THE IMPACT AND THE ROLE OF THE SMALL AND MEDIUM ENTERPRISES ON THE EMPLOYMENT IN THE REPUBLIC OF MACEDONIA

2018 ◽  
Vol 28 (1) ◽  
pp. 105-110
Author(s):  
Snezana Bardarova ◽  
Marija Magdincheva-Shopova ◽  
Monika Markovska ◽  
Bozhidar Milenkovski
Keyword(s):  
Economic Growth ◽  
Small And Medium Enterprises ◽  
High Rate ◽  
Small Enterprise ◽  
Small Enterprises ◽  
Republic Of Macedonia ◽  
Area Of Interest ◽  
The Republic ◽  
Medium Enterprises ◽  
The Impact

Current developments in the global and national economics point to a number of problems faced by real entities in the real sector, and as a special area of interest for the scientific public there is a need to provide conditions for the smooth running of the reproduction processes in the enterprise and the realization the positive results of the operation. Enterprises are drivers of inclusive economic growth in the Republic of Macedonia and in creating productive and sustainable jobs.The new conception of the small enterprise as a carrier and engine of economic development is quite persuasive with its economic logic and reaffirms the small enterprise as a significant economic sector. The activities within the small enterprises are aimed at intensifying the results of the work by achieving a balance between objective possibilities and good working principles. The monitoring of the small enterprise, through the prism of its influence on economic growth and development, rejects the traditional view for small enterprises as security guards.The SME sector is a driver of inclusive economic growth in Macedonia and the creation of sustainable jobs increasing productivity. It also does not agree with the notion that small enterprises are economically inefficient organisms.With the third technological revolution in the countries with a developed market economy, the domination of the so-called. small economy, that is, the sector of small and medium enterprises. Today, small enterprises have a growing number of supporters who believe that small enterprises are carriers of innovation and entrepreneurship and are able to react quickly to changes in the environment. For years, the Republic of Macedonia has faced a high rate (29%, June 2013) of general unemployment, which remains a key challenge for stabilizing the economic and social development of the country. The subject of research in this paper is focused on conducting analysis of the active enterprises in the Republic of Macedonia by size, by sector and by number of employees, as well as analysis of the activity of the population and employment by sectors and by type of ownership of the enterprise in the period from 2013-2017.

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