Bend or break? Small business survival and strategies during the COVID-19 shock

Katare, Bhagyashree; Marshall, María I.; Valdivia, Corinne

doi:10.1016/j.ijdrr.2021.102332

Cited by 68 publications

(60 citation statements)

References 47 publications

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“…Sebagai kelanjutan dari pengenalan diri, pendamping mendorong mitra untuk mengupayakan pengembangan diri berdasarkan pengenalan terhadap kekuatan dan peluang sekaligus membuka ruang bagi perbaikan diri (self-improvement) dengan memanfaatkan analisis SWOT (Helms & Nixon, 2010;Addams & Allfred, 2013) yang dilengkapi dengan penjelasan tentang karakteristik atau sifat Pelaku UMKM, utamanya masa pandemi (Sohmen & Ludlum, 2021) dan sejumlah strategi para pelaku UMKM untuk bertahan dalam masa pandemi dari berbagai temuan penelitian di dunia termasuk meliputi negara berkembang (Papadopoulos et al, 2020;Aladejebi, 2020;Alves et al, 2020;Giunipero et al, 2021;Katare et al, 2021) dan pengalaman sejumlah pebisnis dalam masa krisis sejak pandemi Covid-19 dalam tingkat kesiapan menghadapi krisis dalam kaitannya dengan potensi gangguan terhadap perusahaan (Reeves et al, 2020).…”

Section: Tabel 1 Metode Pelaksanaan Pendampinganunclassified

Pendampingan Dalam Pengenalan Dan Pengembangan Diri Pelaku Usaha Mikro Dan Kecil Di Jambi

Hutapea

Tiatri

Mirabella

2022

JBMI

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The impact of the Covid-19 pandemic on the world economy and Indonesia is terrible. MSMEs are the most affected sector. The initial study of the mentoring team found that MSME actors had a psychological impact due to a prolonged pandemic that hampered their business. We designed intervention as a short workshop via interactive online (web conference) by specifying a settlement approach, work procedures, partner participation, and specific types of outcomes. This assistance has at least a positive impact on knowledge and attitude change marked by planning and a commitment to self-knowledge and development. Moreover, seeking external support opportunities for business sustainability, finding strategies to maintain business, and adopting the characteristics of successful business actors during the pandemic in addition to the ability to cope with emotions and motivate themselves and the employees. Psychological interventions carried out for partners in the context of self-identification and self-development as MSME actors during the pandemic in Jambi showed a positive impact. However, because the duration of this implementation is relatively short, it is not possible to reveal the impact on the skills needed in the introduction and self-development of MSME actors as well as the real impact on business management. Therefore, it is hoped that this assistance can be applied longer and also applied to other MSME actors, especially during this pandemicABSTRAK:Dampak pandemi Covid-19 terhadap perekonomian dunia dan Indonesia tergolong berat. UMKM menjadi sektor yang paling terdampak. Kajian awal tim pendamping menemukan pelaku UMKM mengalami dampak psikologis akibat pandemi berkepanjangan yang menghambat usahanya. Intervensi ini dirancang sebagai lokakarya singkat melalui daring interaktif atau konferensi web yang dilanjutkan diskusi-diskusi melalui platform media sosial dengan menerapkan pendekatan penyelesaian, prosedur kerja, partisipasi mitra, dan jenis hasil tertentu. Bantuan ini setidaknya berdampak positif pada perubahan pengetahuan dan sikap yang ditandai dengan perencanaan dan komitmen untuk pengembangan diri dan terus menerus meningkatkan pengetahuan. Selain itu, partisipan juga mengakui sedang mencari peluang dukungan eksternal untuk kelangsungan usaha, menemukan strategi untuk mempertahankan usaha, dan mengadopsi karakteristik pelaku usaha yang sukses di masa pandemi selain juga kemampuan untuk mengatasi emosi dan memotivasi diri sendiri dan karyawannya. Intervensi psikologis yang dilakukan kepada mitra dalam rangka pengenalan dan pengembangan diri sebagai pelaku UMKM pada masa pandemi di Jambi menunjukkan dampak positif. Namun, dikarenakan durasi pelaksanaan ini tergolong singkat, maka belum dimungkinkan untuk mengungkapkan dampaknya pada kecakapan (skill) yang dibutuhkan dalam pengenalan dan pengembangan diri para pelaku UMKM serta dampak nyata pada pengelolaan usaha. Maka dari itu, diharapkan pendampingan ini dapat diterapkan lebih lama dan juga diterapkan pada pelaku UMKM lainnya terutama pada masa pandemi ini.

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Section: Tabel 1 Metode Pelaksanaan Pendampinganunclassified

Pendampingan Dalam Pengenalan Dan Pengembangan Diri Pelaku Usaha Mikro Dan Kecil Di Jambi

Hutapea

Tiatri

Mirabella

2022

JBMI

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“…Financial elements are one of the material bases for the survival and development of enterprises [37]. Working capital-with cash flow, accounts payable, short-term borrowing and other financial elements as important components-reflects whether an enterprise has sufficient funds to cover the various operating expenses that would occur on a daily basis, and to ensure its continuous operation [38].…”

Section: Variable Descriptionmentioning

confidence: 99%

An Investigation of the Initial Recovery Time of Chinese Enterprises Affected by COVID-19 Using an Accelerated Failure Time Model

Yang

Jiang

2021

IJERPH

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COVID-19 has had a great impact on the economy, society, and people’s lives in China and globally. The production and operations of Chinese enterprises have also faced tremendous challenges. To understand the economic impact of COVID-19 on enterprises and the key affecting factors, this study adds to the literature by investigating the business recovery process of enterprises from the micro perspective. Specific attention is paid to the initial stage of business recovery. A questionnaire survey of 750 enterprises explored the impact during the pandemic period from July to September 2020. An accelerated failure time model in survival analysis was adopted to analyze the data. The results show that the manufacturing industry is mainly faced by affecting factors such as enterprise ownership, employees’ panic and order cancellation on initial enterprise recovery. As for the non-manufacturing industry, more factors, including clients’ distribution, employees’ panic, raw material shortage, cash flow shortage and order cancellation, are found to be significant. Acceleration factors that estimate the effects of those covariates on acceleration/deceleration of the recovery time are presented. For instance, the acceleration factor of employees’ panic is 1.319 for non-manufacturing, which implies that, compared with enterprises where employees are less panicked, enterprises with employees obviously panicked will recover 1.319 times slower at any quantile of probability of recovery time. This study provides a scientific reference for the post-pandemic recovery of enterprises, and can support the formulation of government policies and enterprise decisions.

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“…With regards to research on the self-employed during the pandemic, the vast amount of research appears to have focused on pathogenic effects at up to three of these levels [8,17,23]. However, there are also studies of the public policy level, such as the impact on the self-employed of governmental policies implemented during the pandemic [24] and international comparisons of support measures for businesses [25].…”

Section: Introductionmentioning

confidence: 99%

Socio-Ecological Factors and Well-Being among Self-Employed in Europe during the COVID-19 Pandemic

Hansson

Nordenmark

Tjulin

et al. 2022

IJERPH

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Background: The self-employed are at increased risk of negative well-being outcomes when facing adversity such as the COVID-19 pandemic. Studies that examine socio-ecological factors that may protect their well-being are warranted. Methods: Data were drawn from a cross-sectional survey of European self-employed people (n = 1665). The WHO-5 Well-being Index was used to examine the impact on well-being of factors at four socio-ecological levels. Independent sample t-tests, Pearson correlations and linear regression were applied to analyse differences between groups of self-employed and interactions between variables using SPSS. Results: Well-being and the socio-ecological factors of resilience, social support, useful work and finding the rules clear were positively correlated with well-being. For self-employed who reported that it was challenging to run their business during the pandemic, social support and finding rules clear were of significantly greater importance to their well-being. Conclusions: The findings highlight that the socio-ecological factors of resilience, social support, doing useful work and finding the rules clear affect well-being. The results also indicate that it is vital to consider factors at multiple socio-ecological levels to improve the well-being of the self-employed during adversity.

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Bend or break? Small business survival and strategies during the COVID-19 shock

Cited by 68 publications

References 47 publications

Pendampingan Dalam Pengenalan Dan Pengembangan Diri Pelaku Usaha Mikro Dan Kecil Di Jambi

Pendampingan Dalam Pengenalan Dan Pengembangan Diri Pelaku Usaha Mikro Dan Kecil Di Jambi

An Investigation of the Initial Recovery Time of Chinese Enterprises Affected by COVID-19 Using an Accelerated Failure Time Model

Socio-Ecological Factors and Well-Being among Self-Employed in Europe during the COVID-19 Pandemic

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