Business Agility and Competitive Advantage of SMEs in Makassar City, Indonesia

Yusuf, Muhammad; Surya, Batara; Menne, Firman; Ruslan, M.Si Dede; Suriani, Seri; Iskandar, Iskandar

doi:10.3390/su15010627

Cited by 21 publications

(8 citation statements)

References 70 publications

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“…CSR practices can positively (Esen, 2013) and negatively impact (Yoon et al, 2006) MSMEs' brand image and reputation. Positive Impacts include consistent CSR implementation, and positive impacts can improve the brand image of MSMEs in the eyes of consumers (Ben Youssef et al, 2018;Yusuf et al, 2022). People are more likely to support businesses that contribute to the environment and society (Lii et al, 2013).…”

Section: Positive and Negative Impacts Of Csr Practices On The Brand ...mentioning

confidence: 99%

“…The effect of CSR practices on the financial performance and growth of MSMEs can vary depending on a variety of factors (Hernández, 2020), including the type of CSR practices implemented, business objectives, industry, and operating environment that have an influence, namely (1) Positive Influence including: Implementation of good CSR practices can provide a competitive advantage by differentiating MSMEs from competitors (Yusuf et al, 2022) and attracting consumers who are more concerned about social and environmental responsibility, Consumers tend to be more loyal to businesses that have positive CSR practices (Fatma et al, 2018), which can result in a growing customer base, Successful CSR practices can improve the brand image of MSMEs, which can have a positive impact on the perceived value of the product or service and higher prices, CSR practices that focus on local communities can strengthen relationships with relevant parties, including government, community, and non-profit organizations, which can provide financial support or Access to new opportunities, and Some markets or customers may expect MSMEs to have positive CSR practices, so implementing these practices can open doors to a wider market.…”

Section: The Effect Of Csr Practices On Financial Performance and Gro...mentioning

confidence: 99%

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CSR in MSMEs: A Systematic Literature Review and Future Research Agenda

Nustini,

Arwani,

Budiana

et al. 2024

PaperASIA

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The purpose of this study was to conduct a systematic literature review on corporate social responsibility (CSR) in micro, small, and medium enterprises (MSMEs). MSMEs stand as pivotal contributors to economies worldwide, fuelling innovation and economic growth. As the business landscape evolves, the relevance of CSR practices among these enterprises becomes increasingly apparent. This study aims to collect, analyze, and synthesize findings that already exist in the literature on CSR practices among MSMEs, as well as formulate possible research directions for the future. This study seeks to bridge the knowledge gap by delving into CSR practices within MSMEs, examining both manufacturing and service sectors. It aims to identify the unique internal and external factors influencing the effective implementation and success of these CSR strategies. We will identify the specific challenges faced by MSMEs in adopting CSR, as well as analyze the benefits they can achieve through the implementation of CSR practices. The systematic literature review research methods are systematic steps to collect, analyze, and synthesize relevant literature on CSR among MSMEs. Research results emphasize the importance of CSR practices for MSMEs, acknowledge the limitations of existing research due to limited data and context-specific considerations, and highlight the theoretical and practical implications of such research for developing CSR strategies and guidelines for MSMEs. Provides a comprehensive overview of the complexities, challenges, and benefits associated with implementing CSR practices in MSMEs across various sectors and contexts. This research addresses the pressing need to understand the role of CSR in MSMEs. As these enterprises navigate the dynamic business landscape, equipping them with insights into effective CSR practices can bolster their contributions to sustainable development.

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Section: Positive and Negative Impacts Of Csr Practices On The Brand ...mentioning

confidence: 99%

Section: The Effect Of Csr Practices On Financial Performance and Gro...mentioning

confidence: 99%

CSR in MSMEs: A Systematic Literature Review and Future Research Agenda

Nustini,

Arwani,

Budiana

et al. 2024

PaperASIA

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“…In conjunction with governmental initiatives and the advancement of information technology, SMEs must exercise prudent decision-making in their response. To enhance their competitiveness in today's intricate business landscape, it is imperative for SMEs to effectively harness information technology and develop and leverage their capabilities and competencies (Prasanna et al, 2019;Rodrigues et al, 2021;Yusuf et al, 2022). In the contemporary era of digitization, SMEs undertake various initiatives to align with evolving business landscapes.…”

Section: Introductionmentioning

confidence: 99%

Digitalization Challenges for SMEs: A Systematic Literature Review Perspective and Future Research

Nazaruddin,

Utami,

Rahmawati

2024

jbti

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SMEs are a fundamental component of the economic structure in many countries. In the contemporary era of digitalization, SMEs are undertaking various initiatives to align with the evolving business landscape. This study aims to explore and synthesize research results on the role of digitalization in developing small and medium enterprises (SMEs). The literature review used the Scopus database. The data obtained were 127 documents from 2010 to 2023. SME digitization research has been conducted in 42 countries using 92 theories from 94 journals. The results showed three research clusters: business model innovation, Enterprise Resource Planning (ERP), and Information Technology (IT) capabilities. Digital platforms and information management assist SMEs in adjusting, creating new ideas, and staying competitive in difficult business circumstances. Digital platforms assist SMEs by extending market reach, automating operations, improving marketing and promotional efforts, analyzing consumer data to make better decisions, and strengthening team communication and customer care. Future research investigates effective strategies and educational programs aimed at helping SMEs acquire digital skills, adopt digital technology, and implement advanced blockchain-based contract systems. Future research also investigates the ethical implications of SME digitalization, encompassing issues related to data privacy, digital security, and the appropriate use of emerging technologies.

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“…In contrast to Village Owned Enterprises, small businesses managed by rural communities, such as trading businesses and home industries, operate with limited capital [9]. Capital constraints and limited use of the latest technology make small businesses owned by villagers face many business obstacles.…”

Section: Introductionmentioning

confidence: 99%

Building Partnership or Competition: Village Business Sustainability in Indonesia

Effendi¹,

Sukoharsono²,

Purwanti³

et al. 2023

Preprint

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This study aims to understand the reality of Village-Owned Enterprises and their implications for rural communities. The focus of this research is to explore the role of Village-Owned Enterprises in carrying out their role as an engine for driving the economy of people in rural areas. Village-owned enterprises have turned into competitors for small rural enterprises. This research uses a qualitative approach, and the informants from Village-Owned Enterprises are the Chairman, Secretary, and Treasurer. Village-owned enterprises become a medium for rural business groups to develop economic potential. The results of the study indicate that the business fields that village-owned enterprises develop have in common with small businesses of rural communities, so it interferes with the sustainability of local communities' businesses. The development of Village-Owned Enterprises is based on building a business chain by involving local economic groups so that the sustainability of community economic business activities impacts the economy of rural areas. Practical implications — Provide academic considerations for regulators to evaluate and reorganize the role of Village-Owned Enterprises for the sustainability of small rural businesses.

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Business Agility and Competitive Advantage of SMEs in Makassar City, Indonesia

Cited by 21 publications

References 70 publications

CSR in MSMEs: A Systematic Literature Review and Future Research Agenda

CSR in MSMEs: A Systematic Literature Review and Future Research Agenda

Digitalization Challenges for SMEs: A Systematic Literature Review Perspective and Future Research

Building Partnership or Competition: Village Business Sustainability in Indonesia

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