scholarly journals Digital Innovations in MSMEs during Economic Disruptions: Experiences and Challenges of Young Entrepreneurs

2022 ◽  
Vol 12 (1) ◽  
pp. 8
Author(s):  
Lavinia Javier Cueto ◽  
April Faith Deleon Frisnedi ◽  
Reynaldo Baculio Collera ◽  
Kenneth Ian Talosig Batac ◽  
Casper Boongaling Agaton
Keyword(s):  
Professional Growth ◽  
Global Economy ◽  
Developing Economies ◽  
Small And Medium Enterprises ◽  
Economic Status ◽  
The Philippines ◽  
Health Crisis ◽  
Digital Platforms ◽  
Digital Entrepreneurship ◽  
Young Entrepreneurs

The spike in COVID-19 cases all over the world poses a massive impact on various sectors of society. The global economy is no exception, for it has been severely affected by the unprecedented public health crisis leading businesspeople to shutdown commercial establishments and dramatically shifting businesses into digital platforms. Immense challenges brought by the pandemic have turned into great opportunities among entrepreneurs from different parts of the globe. In pursuit of the recovery path, they considered digital tools to be instrumental to surviving the crisis and even thriving in the long term. This study explores drivers and barriers to digital innovations in micro, small, and medium enterprises (MSMEs) during economic disruptions from the perspective of Filipino young entrepreneurs. Researchers employed a qualitative method for the conduct of in-depth interviews with 46 online entrepreneurs in the Philippines and transcribed them for Inductive Content Analysis to generate themes. Results found the adverse effects of the pandemic, which reinforce entrepreneurial innovations of shifting businesses to digital platforms, categorized into intrinsic (e.g., personal and professional growth) and extrinsic (e.g., mobility restrictions, market conditions, and household economic status) motivations. Participants described the barriers to digital entrepreneurship, including skills needed for doing online business, market-related problems in digital platforms, availability of quality internet infrastructures, and the pandemic restrictions. The findings of this study contribute to the entrepreneurship literature and areas for an empirical investigation to develop programs that support entrepreneurs during economic disruptions. This would serve as a guidepost in the formulation of government policies and strategies for economic recovery through digital entrepreneurship while considering the perspectives of young entrepreneurs. This further recommends future related researches to empower entrepreneurs, particularly those in the developing economies during the pandemic and beyond.

scholarly journals COVID-19, Government Response, and Market Volatility: Evidence from the Asia-Pacific Developed and Developing Markets

Economies ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 105
Author(s):  
Izani Ibrahim ◽  
Kamilah Kamaludin ◽  
Sheela Sundarasen
Keyword(s):  
Developing Economies ◽  
Equity Markets ◽  
The Philippines ◽  
Market Volatility ◽  
Asia Pacific ◽  
Health Crisis ◽  
Government Response ◽  
Intervention Measures ◽  
High Volatility ◽  
The Government

This study examines the relationship between COVID-19, government response measures, and stock market volatilities for 11 developed and developing economies within the Asia-Pacific region. Our period of study is between 15 February–30 May 2020. Using the continuous wavelet transformation (CWT) analysis and plots and GJR-GARCH analysis, we examined the effects of the COVID-19 public health crisis and the corresponding government measures on the respective domestic equity markets volatilities. The CWT plots showed a varying level of market volatilities at different investment horizons. All the sample countries, except Japan, experienced very low or low volatility over the short-term horizons. In contrast, Vietnam, Malaysia, and Laos experienced medium volatility over the medium-term horizons. Finally, China, Japan, South Korea, Malaysia, and the Philippines experienced high volatility over the long-term horizons. The GJR-GARCH results further ascertain that market volatilities are affected by domestic events, notably, the COVID-19 government intervention measures. In most sample countries, the government measures significantly reduce market volatility in the domestic equity markets. Additionally, international events have also triggered market volatilities. Overall, our study offers several contributions and implications for practitioners and policymakers.

Digital Transformation Process and the Capability and Capacity Implications for Small and Medium Enterprises

2020 ◽  
Vol 10 (2) ◽  
pp. 26-44
Author(s):  
Samuel Anim-Yeboah ◽  
Richard Boateng ◽  
Raphael Odoom ◽  
Emmanuel Awuni Kolog
Keyword(s):  
Developing Economies ◽  
Small And Medium Enterprises ◽  
Organizational Capacity ◽  
Transformation Process ◽  
Digital Transformation ◽  
Digital Platforms ◽  
Process Framework ◽  
Stage Process ◽  
Capital Development ◽  
Medium Enterprises

This study investigates the concept of the digital transformation process and related capability implications for small and medium enterprises (SMEs) in developing economies. A qualitative exploratory study was conducted, involving eight SMEs on an e-commerce platform in Ghana. The findings show that digital transformation among SMEs follows a four-stage process of digital technology initiation, changes to functions and processes, management of the resulting skills gap, and a strategic shift, which is also driven by managerial cognition, social capital development, human capital development, and organizational capacity building. These findings resulted in an inductively-derived process framework for the digital transformation of SMEs that expands the knowledge and understanding of digital transformation for SMEs. The study also provides users of digital platforms with dynamic managerial capability strategies for achieving digital transformation and effective e-commerce platform utilization in developing economies, which are essential for research, practice, and policy.

scholarly journals Market Orientation of SMEs in Southeast Asia: An Empirical Analysis

2013 ◽  
Vol 30 (1) ◽  
pp. 53-79 ◽  
Author(s):  
Michael L. Troilo
Keyword(s):  
Southeast Asia ◽  
Market Orientation ◽  
National Economy ◽  
Global Economy ◽  
Small And Medium Enterprises ◽  
The Philippines ◽  
Home Market ◽  
Medium Enterprises ◽  
National Economies ◽  
The Impact

There is a growing consensus among policymakers and academics that internationalization of domestic firms will create jobs and wealth, yet relatively little is known about the incentives for small and medium enterprises (SMEs) to undertake this process. I analyze the motivations of SMEs from Vietnam, Indonesia and the Philippines to engage in exporting in the context of triangulation, which considers the impact of the global economy, national economy, and societal milieu on SMEs. I find that scarce demand in the home market is positively and significantly correlated with exporting, while favourable government incentives are less significant. Significant foreign demand and existing parent–subsidiary relationships are important explanations for SME exports from Vietnam, but not for Indonesia or the Philippines. These findings suggest that national economies are currently more important than the global economy for SME exports in Southeast Asia; my results call into question the ability of governments to encourage SMEs to internationalize via exporting.

Indigenous Peoples in the Midst of COVID-19

2021 ◽  
pp. 36-50
Author(s):  
Christopher Ryan Maboloc
Keyword(s):  
Developing Countries ◽  
Global Health ◽  
Indigenous Peoples ◽  
Global Economy ◽  
The Philippines ◽  
The Other ◽  
Poor People ◽  
Global Order ◽  
Health Crisis ◽  
Extreme Poverty

Indigenous peoples are on the receiving end of an unjust global order that favors the affluent and powerful. As the coronavirus pandemic was raging in early 2020, the global economy came to a halt. Extreme poverty is expected to increase due to the pandemic. Right now, developing countries such as the Philippines struggle to get the vaccines due to supply problems. The coronavirus crisis is exacerbated by two issues – populism and nationalism. Populism is an ideology in which some politicians paint a picture of poor people being dominated by society's elite. On the other hand, nationalism is the protectionist tendency of some countries to preserve their citizens' interests. Both threaten the hope of a return to normalcy after the pandemic, especially for indigenous peoples. This chapter will examine populism and nationalism, in contrast to the concept of solidarity, when it comes to the effort to overcome the COVID-19 global health crisis.

The Development of the Digital Economy in Vietnam

2020 ◽  
Vol 36 (5E) ◽  
Author(s):  
Nguyen Thi Vu Ha
Keyword(s):  
Financial Services ◽  
Global Economy ◽  
Business Models ◽  
High Growth ◽  
Sharing Economy ◽  
High Growth Rate ◽  
Digital Economy ◽  
Digital Platforms ◽  
Platform Economy ◽  
Digital Entrepreneurship

By 2020, the global economy is in decline in every sector except for the digital economy. The core of the digital economy is the digital sector (IT/ICT). However, the scope of the digital economy is even broader than that, encompassing a set of emerging digital business models such as digital services, the platform economy, the sharing economy, and more. Recently, the digital economy has had a high growth rate and is widely applied to other economic fields, especially in the period of COVID-19. This article aims to analyze the current situation of Vietnam's digital economy development through five key pillars: i) digital infrastructure; ii) digital platforms; iii) digital financial services; iv) digital entrepreneurship, and v) digital skills. Based  on these assessments, the paper gives some recommendations for Vietnam in developing a digital economy.

scholarly journals Understanding Small Business Contribution to the National Development in the Philippines

2021 ◽  
pp. 46-51
Author(s):  
Kosy Timothy Nwosu ◽  
Azubuike Lucky Umeh
Keyword(s):  
Rural Areas ◽  
Global Economy ◽  
Small And Medium Enterprises ◽  
National Development ◽  
The Philippines ◽  
Global Market ◽  
Economic Potential ◽  
Economic Progress ◽  
Medium Enterprises ◽  
Planning Office

Micro, small and medium enterprises (MSMEs) have been identified as the backbone of global economy (Bloem, 2012; Dano-Luna, Canare& Francisco, 2018). This fact is true in a developing country such as the Philippines. The Philippine Senate Economic Planning Office (2012) noted that MSMEs are very essential to the economy as it is linked with the creation of jobs, innovation and wealth. Specifically, they are attributed with the boost of economic progress in rural areas, the provision of support services to large enterprises and the formation of new entrepreneurs and large corporations (Senate of the Philippines, 2012). As such, MSMEs are crucial partners for the realization of the fullest economic potential and growth of the Philippines. This is to say that MSMEs play a key role in the maintenance of the cooperative and competitive advantage of the Philippines in the ASEAN integration and in the global market.

Structural Modeling of Institute of Entrepreneurship in Russia

2019 ◽  
pp. 34-48
Author(s):  
Svetlana L. Sazanova
Keyword(s):  
Global Economy ◽  
Structural Model ◽  
Institutional Environment ◽  
Small And Medium Enterprises ◽  
Structural Modeling ◽  
Entrepreneurial Activity ◽  
Pattern Modeling ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship

Entrepreneurship plays an important role in the modern global economy; the share of products of small and medium enterprises in the gross product and exports not only of the developed but also of developing countries is growing. Innovation processes cover all sectors of the economy, and more and more people are involved in entrepreneurial activity, which contributes to the penetration of entrepreneurial thinking and business values in all areas of the socioeconomic life of society. The Institute of Entrepreneurship plays an increasingly prominent role in the institutional environment of socio-economic systems. This actualizes the problem of studying the relationship of the institution of entrepreneurship with the institutions of law, culture, management. This requires a methodology that allows you to explore the impact on the institute of entrepreneurship not only economic, but also non-economic factors. The methodology of the “old” institutionalism possesses such a tool, it is structural modeling (pattern modeling), which allows to explore the diversity of interrelationships of the institution of entrepreneurship with other components of the institutional and economic environment. The article explored the features of the development of the institution of entrepreneurship in Russia, established the relationship between the institution of entrepreneurship, values, motives and incentives for entrepreneurial activity, built a structural model of the institution of entrepreneurship based on the methodology of the old institutionalism (pattern modeling). The structural model of the institution of entrepreneurship reveals the relationship between the institution of entrepreneurship, the values of entrepreneurial activity, its motives and incentives; as well as the relationship between the institution of entrepreneurship with the institutions of governance, cultural and religious institutions, legal institutions and society.

Australia—The Hidden Jewel

2018 ◽  
Author(s):  
Mahesh K. Joshi ◽  
J.R. Klein
Keyword(s):  
Natural Resources ◽  
Value Chain ◽  
Global Economy ◽  
Good Governance ◽  
Developing Economies ◽  
Raw Materials ◽  
Manufacturing Sector ◽  
Developed Countries ◽  
The United States ◽  
Dutch Disease

The twenty-first century is being touted as the Asian century. With its stable economy, good governance, education system, and above all the abundant natural resources, will Australia to take its place in the global economy by becoming more entrepreneurial and accelerating its rate of growth, or will it get infected with the so-called Dutch disease? It has been successful in managing trade ties with fast-developing economies like China and India as well as developed countries like the United States. It has participated in the growth of China by providing iron ore and coal. Because it is a low-risk country, it has enabled inflow of large foreign capital investments. A lot will depend on its capability and willingness to invest the capital available in entrepreneurial ventures, its ability to capture the full value chain of natural resources, and to export the finished products instead of raw materials, while building a robust manufacturing sector.

scholarly journals What Prompts Small and Medium Enterprises to Implement CSR? A Qualitative Insight from an Emerging Economy

2021 ◽  
Vol 13 (2) ◽  
pp. 952 ◽  
Author(s):  
Zengming Zou ◽  
Yu Liu ◽  
Naveed Ahmad ◽  
Muhammad Safdar Sial ◽  
Alina Badulescu ◽  
...  
Keyword(s):  
Emerging Economies ◽  
Developing Economies ◽  
Small And Medium Enterprises ◽  
Customer Behavior ◽  
Policy Makers ◽  
Management Commitment ◽  
Top Management Commitment ◽  
Medium Enterprises ◽  
Corporate Social ◽  
Depth Interviews

The topic of corporate social responsibility (henceforth referred to as CSR) has been a central topic during the last decade, but the majority of the existing literature discusses CSR relationship with large organizations. Whereas, its contribution in small and medium enterprises (henceforth referred to as SME) sector has received little attention. There have been some studies that focused on CSR activities in SME sector quantitatively in the context of developing economies like Pakistan, but the fact is, to date, SME sector of Pakistan is not participating actively in CSR-related activities due to some constraints. The present study is a pioneer attempt, to explore CSR barriers that restrict SME sector of Pakistan from practicing CSR initiatives. For this reason, the present study explores these barriers qualitatively in order to gain in-depth knowledge of different CSR barriers. In doing so, we conducted semi-structured in-depth interviews from 9 SMEs in Lahore city of Pakistan. We performed thematic analysis, which produced five relevant themes of CSR barriers, including: Lack of resources, lack of regulations, lack of top management commitment, lack of CSR knowledge, and passive customer behavior. Our analysis further showed that lack of resources is the most related barrier that hinder SMEs to be engaged in CSR activities. This paper contributes to CSR literature in emerging economies’ context. Through an increased awareness of barriers, policy makers and practitioners may take necessary steps to improve CSR practices in SMEs.

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