COVID-19 PANDEMIC CHALLENGES TO MICRO, SMALL AND MEDIUM ENTERPRISES IN NIGERIA: STRATEGIC OPTIONS FOR SURVIVAL

COVID-19 Pandemic posed a great threat and challenges to the business world, especially the Micro, Small and Medium Enterprises (MSMEs). Many of these enterprises suffered a great downturn in business activities and reduction in profit volume. Many of them were forced to close down while others survived on the margin. The government and other stakeholders in the MSMEs have provided solutions to their problems but most of them have not really yielded the desired result. This paper investigates the challenges that MSMEs in Lagos State encountered as well as the strategic options for their survival during the Covid-19 Pandemic era. A survey research design was adopted and primary data were collected with the help of questionnaire. The population of study was 3,224,324 registered MSMEs in Lagos State, while the sample size of 400 was determined with Yamane (1967) formulae. A simple random sampling technique has been employed to administer 400 copies of questionnaire out of which 297 were properly filled and returned. The findings from the regression analysis and the descriptive statistics revealed that there is no significant effect of MSMEs Covid-19 challenges (such as: decline in productivity, business closure, supply chain breakdown, low customer demand, reduction in profit volume, self-isolation, reduced opportunities to meet new clients) on business survival. Also, it was revealed that most of the respondents adopted cutting expenses as a strategic option for the survival of their businesses. However, the study concluded that Covid-19 Pandemic is a major threat to MSMEs survival and growth. It was recommended that MSMEs should embark on cutting expenses in order to survive Covid-19 and further, they should embrace crisis management response, finance and liquidity, operation and supply chain, determine and activate the business continuity plan, monitor the implementation to enhance their survival and readjust their response approach towards environmental changes.

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THE STUDY OF SME’S PROFITABILITY AND ITS RELATION TO THE AVAILABILITY OF ELECTRICAL ENERGY IN TELUK WONDAMA REGENCY

Hasanuddin Economics and Business Review ◽

10.26487/hebr.v2i3.1460 ◽

2019 ◽

Vol 2 (3) ◽

pp. 173

Author(s):

Irawantho Irawantho ◽

Alimuddin Alimuddin ◽

Nursini Nursini

Keyword(s):

Small And Medium Enterprises ◽

Research Result ◽

Electrical Energy ◽

Regression Equation ◽

Primary Data ◽

Energy Costs ◽

Analysis Model ◽

The Government ◽

Medium Enterprises

This research aimed to investigate the effect of electrical energy costs, the business capital, and the total of the laborers on the profits of the Micro Small and Medium Enterprises in Teluk Wondama Regency.This research used the regression equation. The Objects of the study were Micro Small and Medium Enterprises who were business actors who were impacted doe to the establishment of the cooperation between the Government of Teluk Wondama Regency and PT. PLN in term of supply of the electrical energy. The data were collected using the technique of questionnaires distributed to 90 micro small and medium enterprises. The types of data used were the primary data. The analysis model used in this research was the multiple linear regression.The research result indicated that (1) The electrical costs had a positive and significant effect on the profits of SME in Teluk Wondama Regency; (2) The business capital had a positive and significant effect on the profits of SME in Teluk Wondama Regency; (3) The number of laborers had a positive and significant effect on the profits of SME in Teluk Wondama Regency. The roles of the three factors together had the effect of 46.5%, while the rest of about 53.5% was determined by other factors.

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Bridging B2B E-Commerce Gaps for Taiwanese SMEs

Electronic Government ◽

10.4018/978-1-59904-947-2.ch158 ◽

2011 ◽

pp. 2086-2105

Author(s):

Yu Chung William Wang ◽

Michael S.H. Heng

Keyword(s):

Economic Development ◽

Supply Chain ◽

Small And Medium Enterprises ◽

Information Flows ◽

Large Firms ◽

The Government ◽

Medium Enterprises ◽

Business To Business ◽

Taiwanese Government

Many Small and Medium Enterprises (SMEs) have been under pressures from large firms to implement Business-to-Business e-commerce (B2B e-commerce) information systems. However, these SMEs have faced various challenges to do so in the supply chain. This chapter explains the role of Taiwanese government in supporting SMEs in implementing e-commerce by analysing the interactions of government teams with current projects, and challenges of Taiwanese SMEs. Discussions and analyses focus on the government help in setting up infrastructure, B2B e-commerce implementation, and interfirm interactions among SMEs and larger firms. The Taiwanese government has been promoting its global logistic strategy for economic development which stresses supply chain integration by bridging information flows among overseas enterprises, domestic large firms, and local SMEs. Government projects related to this strategy are intended to anchor SMEs’ growing needs in linking B2B e-commerce with large firms. Our analyses and proposal dwell on how government can further bridge the gaps between the intrinsic barriers of SMEs and the interactions with larger firms in B2B e-commerce implementation.

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Identifying Digital Transformation Paths in the Business Model of SMEs during the COVID-19 Pandemic

Journal of Open Innovation Technology Market and Complexity ◽

10.3390/joitmc6040104 ◽

2020 ◽

Vol 6 (4) ◽

pp. 104

Author(s):

Anjar Priyono ◽

Abdul Moin ◽

Vera Nur Aini Oktaviani Putri

Keyword(s):

Business Model ◽

Digital Literacy ◽

Environmental Changes ◽

Small And Medium Enterprises ◽

Sampling Technique ◽

Future Research ◽

Multiple Case ◽

High Level ◽

Medium Enterprises

The objective of this study was to analyze how small and medium enterprises (SMEs) cope with environmental changes due to the COVID-19 pandemic by pursuing the business model transformation with the support of digital technologies. To achieve the objective, this study used a multiple case study design with qualitative analysis to examine the data obtained from interviews, observation, and field visits. Seven manufacturing SMEs from Indonesia were selected using a theoretical sampling technique, with the purpose of achieving some degree of variation to allow us to undertake replication logic. Our analysis demonstrates that SMEs adopt a different degree of digital transformations, which can be summarized into three paths, depending on the firms’ contextual factors. First, SMEs with a high level of digital maturity who respond to the challenges by accelerating the transition toward digitalized firms; second, SMEs experiencing liquidity issues but a low level of digital maturity who decide to digitalize the sales function only; and, third, the SMEs that have very limited digital literacy but are supported by a high level of social capital. This last group of firms solves the challenges by finding partners who possess excellent digital capabilities. The qualitative case study method allows us to conduct in-depth and detailed analysis, but has thin generalizability. To address this limitation, future research can use a survey covering various industries to test the proposed theory that has resulted from this study, so that the generalizability can be assured.

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A stakeholders’ perspective on barriers to adopt sustainable practices in MSME supply chain

Research Journal of Textile and Apparel ◽

10.1108/rjta-07-2017-0036 ◽

2018 ◽

Vol 22 (1) ◽

pp. 59-76 ◽

Cited By ~ 10

Author(s):

Swayam Sampurna Panigrahi ◽

Nune Srinivasa Rao

Keyword(s):

Supply Chain ◽

Small And Medium Enterprises ◽

Geographical Area ◽

Environmental Conservation ◽

Sustainable Supply Chain ◽

Interpretive Structural Modeling ◽

Content Type ◽

The Government ◽

Medium Enterprises ◽

Hierarchy Process

Purpose Enterprises face the wrath of the government for taking part in environmental conservation and adoption of sustainable initiatives along with customer demands. Therefore, enterprises are forced to adopt sustainable supply chain practices (SSCPs), which leads to competitive advantage. Now, sustainable supply chain management (SSCM) is a management process that promotes the adoption of eco-friendly activities in conventional supply chains (SCs). Enterprises in India are under tremendous pressure to include SSCPs into their conventional SCs. The goal of this paper is to evaluate the barriers for the implementation of SSCPs into Indian Micro, Small and Medium Enterprises (MSMEs). Design/methodology/approach This study aims to identify critical barriers for adoption of SSCPs in the textile MSME SCs located in Eastern India, Odisha with the help of interpretive structural modeling (ISM). Findings The paper develops a framework for the evaluation of barriers to the adoption of SSCP in the textile SC. This paper also provides appropriate suggestive measures to deal with the barriers and overcome the same to attain a sustainable textile SC. Research limitations/implications Opportunities exist for extension of this research on wider geographical area. In addition to this, some other quantitative modeling approaches can be applied, like analytical hierarchy process, to prioritize the barriers. Practical implications The framework offers help to SC managers in their decision-making process by enabling them to analyze the barriers and ways to overcome them. Originality/value The paper deals with a particular geographical area where such kinds of studies are rare. The proposed framework provides a foundation for further research.

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Digital economic literacy micro, small and medium enterprises (SMES) go online

INFORMASI ◽

10.21831/informasi.v49i2.27827 ◽

2020 ◽

Vol 49 (2) ◽

pp. 145-156

Author(s):

Yosi Erlanitasari ◽

Andre Rahmanto ◽

Mahendra Wijaya

Keyword(s):

Digital Literacy ◽

Small And Medium Enterprises ◽

Qualitative Content Analysis ◽

Secondary Data ◽

Online Marketing ◽

Primary Data ◽

Economic Literacy ◽

The Government ◽

Medium Enterprises ◽

Google Search

Micro, Small and Medium Enterprises (SMEs) have a very vital role in the development and economic growth. In the history of the Indonesian nation's economy, SMEs as a support of the national economy. To make SMEs rise in class, a strategy is needed where one of them is the use of digital economic literacy. Development of digital-based SMEs needs to be done digital literacy so that when SMEs are able to utilize digital technology it will increase revenues by up to 80%. At present, the number of SMEs in Indonesia reaches 62,922,617 units of which the highest number is in the Micro Scale 62,106,900 business units (98.70%) with Small Business 757,090 units (1.20%), and Medium Enterprises 58,627 units (0 , 09%). This research was aimed at toanalyze the Go Online SMEs Movement program launched by the government from 2017 until now, even for the future this program will be launched. The research was conducted with a qualitative content analysis method in which primary data online portal research through the Google search engine. Whereas secondary data were obtained from government publications about the Go Online SMEs Movement program. Research shows that only 36% of SMEs in Indonesia is still struggling with conventional marketing. Meanwhile, 37% of SMEs only have basic online marketing capacity such as computer and broadband access. The remaining 18% of SMEs have medium online capacity because they can use websites and social media. Only 9% have digital marketing capacity that can be categorized as sophisticated. The study recommended the importance of the government conducting intensive socialization of the Go Online SMEs Movement. In fact, it must also be at the level of assistance for SMEs. SMEs must be the main players in the development of the digital economy in Indonesia. Collaboration between government and e-commerce is carried out continuously to make Indonesia the Digital Energy of Asia by 2020.Usaha Mikro, Kecil, dan Menengah (UMKM) memiliki peran yang sangat vital di dalam pembangunan dan pertumbuhan ekonomi. Dalam sejarah perekonomian bangsa Indonesia, UMKM sebagai penopang perekonomian nasional. Untuk menjadikan UMKM naik kelas, dibutuhkan strategi dimana salah satunya adalah penggunaan literasi digital ekonomi. Pengembangan UMKM berbasis digital perlu dilakukan literasi digital sehingga ketika UMKM mampu memanfaatkan teknologi digital akan meningkatkan penerimaan hingga 80%. Saat ini, jumlah UMKM di Indonesia mencapai 62.922.617 unit dimana dari jumlah tersebut terbanyak di Skala Mikro 62.106.900 unit usaha (98,70%) dengan Usaha Kecil 757.090 unit (1,20%), dan Usaha Menengah 58.627 unit (0,09%). Penelitian ini bertujuan untuk menganisis program Gerakan UMKM Go Online yang diluncurkan pemerintah sejak tahun 2017 sampai dengan sekarang, bahkan untuk masa yang akan datang program ini akan terus diluncurkan. Penelitian dilaksanakan dengan metode analisis isi kualitatif dimana data primer penelitian portal online melalui mesin pencari Google. Sedangkan data sekunder didapat dari publikasi pemerintah mengenai program Gerakan UMKM Go Online. Hasil peneitian menunjukkan hanya 36% UMKM di Indonesia masih berkutat dengan pemasaran konvensional. Sedangkan, 37% UMKM hanya memiliki kapasitas pemasaran online yang bersifat mendasar seperti akses komputer dan broadband. Sisanya, sebesar 18% UMKM memiliki kapasitas online menengah karena dapat menggunakan website dan medsos. Hanya 9% saja yang memiliki kapasitas pemasaran digital yang bisa dikategorikan canggih. Penelitian merekomendasikan pentingnya pemerintah melakukan sosialisasi secara intensif mengenai Gerakan UMKM Go Online. Bahkan, juga harus pada tataran pendampingan pada pelaku UMKM. UMKM harus menjadi pemain utama dari perkembangan ekonomi digital di Indonesia. Kolaborasi antara pemerintahan dan e-commerce dilakukan secara kontinyu untuk menjadikan Indonesia sebagai Digital Energy of Asia pada 2020.

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ANALYSIS OF FACTORS AFFECTING THE IMPLEMENTATION OF FINANCIAL ACCOUNTING STANDARDS FOR MICRO, SMALL AND MEDIUM ENTITIES (SAK-EMKM) ON SHARIA-BASED MSMEs IN KUDUS REGENCY

International Journal of Islamic Business Ethics ◽

10.30659/ijibe.6.2.79-91 ◽

2021 ◽

Vol 6 (2) ◽

pp. 79

Author(s):

ZULIYATI ZULIYATI ◽

INDRIANINGRUM INDRIANINGRUM

Keyword(s):

Quantitative Research ◽

Small And Medium Enterprises ◽

Linear Regression Analysis ◽

Accounting Standards ◽

Sampling Technique ◽

Multiple Linear Regression Analysis ◽

Financial Accounting ◽

Primary Data ◽

Factors Affecting ◽

Medium Enterprises

The purpose of this study is to analyze the effect of owner perceptions, education, socialization, business scale and business age on the application of the Accounting Standards for Micro, Small and Medium Enterprises (SAK EMKM) on sharia-based MSMEs in Kudus Regency. This study uses a quantitative research design, with the data used are primary data obtained from respondents through questionnaires, with the method of analysis using multiple linear regression analysis. A sample of 100 used purposive sampling technique with the criteria of Sharia-based MSMEs in Kudus Regency. The results showed that the variable owner perception, business scale, and business age had no effect on the application of SAK EMKM. Education and socialization have a positive effect on the implementation of SAK EMKM. The limitations of this study are that the independent variable is only able to influence the implementation of SAK EMKM by 28% and the object is only limited to sharia based MSMEs in Kudus Regency, so it cannot be generalized.

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Adoption of Industrial IoT (IIoT) in Auto-Component Manufacturing SMEs in India

Information Resources Management Journal ◽

10.4018/irmj.2019040103 ◽

2019 ◽

Vol 32 (2) ◽

pp. 52-75 ◽

Cited By ~ 3

Author(s):

Brijesh Sivathanu

Keyword(s):

Small And Medium Enterprises ◽

Control Variable ◽

Relative Advantage ◽

Primary Data ◽

Management Support ◽

Industrial Iot ◽

Component Manufacturing ◽

The Government ◽

Medium Enterprises ◽

Auto Component

This article investigates the adoption of Industrial Internet-of-Things (IIoT) in Auto-Component Manufacturing SMEs (ACM SMEs) in the context of a developing country like India by using the Technology-Organization-Environment (TOE) framework. This research surveyed Information & Communication Technology (ICT) officers, managers and owners of 320 ACM SMEs in India using a structured questionnaire to understand the adoption of IIoT. The primary data was analyzed using the PLS-SEM technique. It was found that IIoT expertise, IIoT infrastructure, relative advantage, compatibility, cost, security, organizational readiness, top management support, competitive pressure, and support from technology vendors are factors that affect the adoption of IIoT. This article considered organization size as the control variable. The results show that it does not have a significant effect on the adoption of IIoT. ACM SMEs are one of the important sectors adopting IIoT. This article provides valuable insights to their managers and IIoT vendors. It also suggests key inputs to the government officials involved in the ‘Make in India' initiative of Government of India (GoI) and Ministry of Micro, Small and Medium Enterprises (MSME).

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Adoption of Industrial IoT (IIoT) in Auto-Component Manufacturing SMEs in India

Research Anthology on Small Business Strategies for Success and Survival ◽

10.4018/978-1-7998-9155-0.ch036 ◽

2021 ◽

pp. 719-746

Author(s):

Brijesh Sivathanu

Keyword(s):

Small And Medium Enterprises ◽

Control Variable ◽

Relative Advantage ◽

Primary Data ◽

Management Support ◽

Government Officials ◽

Component Manufacturing ◽

The Government ◽

Medium Enterprises ◽

Auto Component

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PENGARUH PENERAPAN PP 23 2018 TERHADAP KEPATUHAN PAJAK PELAKU USAHA MIKRO KECIL MENENGAH (UMKM)

JURNAL ILMIAH EDUNOMIKA ◽

10.29040/jie.v5i1.1990 ◽

2021 ◽

Vol 5 (1) ◽

Author(s):

MARIA JESSICA SEPTIANI

Keyword(s):

Research Method ◽

Government Regulation ◽

Small And Medium Enterprises ◽

Tax Compliance ◽

Sampling Technique ◽

Primary Data ◽

Quantitative Descriptive ◽

Medium Enterprises ◽

Positive Effect ◽

Descriptive Method

This study aims to test whether there is an effect of the implementation of Government Regulation no. 23 of 2018 of taxpayer compliance for Micro, Small and Medium Enterprises. This research method using quantitative descriptive method and primary data using a questionnaire. This study took a sample of 37 respondents taxpayer compliance for Micro, Small and Medium Enterprises at the Ruteng Pratama Tax Office, Manggarai, East Nusa Tenggara. The sampling technique was using purposive sampling technique. Data collection was carried out by distributing questionnaires in the form of google. The results showed that the implementation of PP 23 2018 has a positive effect on tax compliance of micro, small and medium enterprises.

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EFFECT OF MICRO LENDING RATE ON SMES GROWTH IN NIGERIA

International Journal of Advanced Studies in Business Strategies and Management ◽

10.48028/iiprds/ijasbsm.v9.i1.06 ◽

2021 ◽

Vol 9 (1) ◽

pp. 62-78

Author(s):

Adegbite Adewale ◽

◽

Alli Ismail ◽

Keyword(s):

Interest Rate ◽

Small And Medium Enterprises ◽

Negative Relationship ◽

Sampling Technique ◽

Least Square ◽

Primary Data ◽

Ogun State ◽

Significant Negative Relationship ◽

Ordinary Least Square Regression ◽

Medium Enterprises

Small and medium enterprises are acknowledged as the lubricants that wheel the socio-economic development of a nation yet their growth has been stunted by harsh fiscal and monetary policies. This study seeks to investigate the effect of micro financing interest rate on small and medium scale enterprises growth in Lagos and Ogun State, Nigeria. Primary data was employed using structured self-administered questionnaire with five-point Likert scale. The study adopted a descriptive survey research design to give an accurate description of the research variables. Yaro Yamane’s sampling technique was used to select four hundred (400) SMEs from the total population of thirteen thousand four hundred and fifty-seven (13,457) in both Lagos and Ogun States, while stratified and proportionate sampling methods are used to determine the sample size of three hundred and fourty eight (348) SMEs in Lagos state and fifty-two (52) in Ogun state. Ordinary Least Square Regression (OLS) was used to estimate the regression. In the study, one hypothesis was formulated and tested. The results from the hypothesis tested revealed that a significant negative relationship exist between micro finance interest rate and SMEs growth in Nigeria at 5 per cent level (tc= -1.570731; p= 0.0009). Based on the finding, the study concluded that significant negative relationship exist between micro finance interest rate and small & medium enterprises growth in Nigeria. The study recommends that microfinance banks should charge moderate interest rate to SMEs without stringent collateral requirements to boosts SMEs growth in Nigeria.

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