Business competitiveness and its impact on organizational performance in MSMEs

Abstract

The objective of the research is to analyze business competitiveness and its impact on the organizational performance of small and medium-sized enterprises in the province of Santa Elena; to meet the research objective, a survey was applied to 316 companies. The results show that 58% of MSMEs do not employ sustainable competitiveness strategies; therefore, the MCEM - 2021 metamodel was designed, which aims to strengthen business sustainability through the implementation of strategic actions that contribute to two dimensions: administrative management and organizational performance.

Impact of Entrepreneurial Orientation, Social Capital, and Technological Innovation on Competitiveness of MSMEs in Kintamani, Bali

“…Competitiveness: use the competitiveness framework proposed by (Tomalá & Olives, 2022), which includes innovation, cost effectiveness, product quality, and market responsiveness.…”

“…In the MSME sector, competitiveness is a complex term that encompasses a range of factors, including innovation, cost-effectiveness, product quality, and market responsiveness (Porter & Linde, 1995). Competitive MSMEs are better suited to weather market turbulence and seize new possibilities, according to studies (Chusumastuti et al, 2023;Haqqi, 2023;Irawan, 2020;Sari & Kusumawati, 2022;Tomalá & Olives, 2022). It is unclear, therefore, what exactly influences MSMEs' competitiveness in certain geographic situations, like Kintamani.…”

Effect of Financial Literacy, Capital Capacity, and Network on the Performance of MSMEs in South Tangerang, Banten, Indonesia

“…MSMEs Performance: Performance indicators such as profitability, sales growth, market share, and innovation will be measured using quantitative metrics derived from financial statements, sales records, and self-reported data (Fitrayanto Nugraha et al, 2023;Tomalá & Olives, 2022).…”

The Sustainability of MSME Business Competitiveness in Bogor City in Review from Entrepreneurial Orientation, Financial Capital and Innovation

“…Kata kunci: Keberlanjutan UMKM, Daya Saing, Orientasi Kewirausahaan, Modal Finansial, Inovasi PENDAHULUAN UMKM (Usaha Mikro, Kecil, dan Menengah) merupakan pendorong utama pembangunan ekonomi, yang mewakili 99% bisnis dan 67% lapangan kerja di negara maju (Tomalá & Olives, 2022). Namun, UMKM menghadapi beberapa tantangan, termasuk kurangnya pembiayaan yang mudah diakses, memadai, dan terjangkau yang menghambat mereka untuk tumbuh dan meningkatkan produktivitas.…”

“…Keberlanjutan UMKM sangat penting bagi daya saing mereka di pasar3. UMKM memiliki kelemahan karena kurangnya pengetahuan bisnis, modal, likuiditas, serta mesin dan teknologi yang tidak memadai untuk produksi mereka (Tomalá & Olives, 2022). Inovasi adalah kekuatan pendorong keberlanjutan UMKM dalam persaingan (Prasanna et al, 2019).…”