Factors influencing small and medium-sized enterprise (SME) resilience during the COVID-19 outbreak

Thekkoote, Ramadas

doi:10.1108/tqm-08-2022-0266

Cited by 16 publications

(3 citation statements)

References 88 publications

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“…Other factors influencing the ability of SMEs to survive and cope with the coronacrisis include employee and customer satisfaction in the changing situations. (Khan et al 2022;Fasth et al 2022;Thekkoote 2023). A study by Dyduch et al (2021) showed that the alignment of the organisation's internal and external environments had a mitigating effect on the decline in business performance during the coronacrisis.…”

Section: Literature Reviewmentioning

confidence: 99%

Changes in SME Business Due to COVID-19—Survey in Slovakia and the Czech Republic

Janáková Sujová,

Kupčák

2024

Economies

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The objective of the paper is to analyse and compare the consequences of the coronacrisis on the entrepreneurship of small and medium-sized enterprises (SMEs) in Slovakia and the Czech Republic with the aim of identifying the determinants of changes in entrepreneurship. The secondary empirical research was carried out based on the analysis of secondary and primary data. The analysis used economic indicators of SMEs, governmental measures and surveys of the views of entrepreneurs. The analysis used data from statistical databases and official reports from government institutions and non-governmental organisations (NGOs), as well as data from primary surveys conducted by NGOs. Descriptive statistics, financial analysis and cross-comparison methods were used to process the data. The results revealed changes in the business of SMEs in the Czech Republic and Slovakia during the crisis, such as the adaptation of business strategies, improvement of flexibility and acceleration of digitalisation processes. These changes highlighted the importance of building business agility. The summary of the main changes in SME business based on both secondary data and primary surveys and the perception of state anti-pandemic aid by managers as feedback to governments represent the main contributions of the paper.

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Section: Literature Reviewmentioning

confidence: 99%

Changes in SME Business Due to COVID-19—Survey in Slovakia and the Czech Republic

Janáková Sujová,

Kupčák

2024

Economies

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“…Small-scale businesses are at risk of failure when their sales revenue declines due to thin profit margins, lack of financial reserves (if any), and limited access to debt financing [11]. It should be noted that the pandemic's impact is not uniform across all MSMEs and depends on various factors, such as industry sector, business size, business model, consumer behavior dynamics, and government interventions [12,13]. For example, this study found that traditional herbal beverage businesses did not experience negative effects and, in fact, benefited from the COVID-19 crisis.…”

Section: The Impact Of the Covid-19 Pandemic And Business Sustainabil...mentioning

confidence: 99%

COVID-19 crisis, MSMEs resilience, and the role of ICT: A preliminary investigation in rural Bantul, Indonesia

Amri,

Amrullah,

Sulistiyo

et al. 2023

E3S Web Conf.

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The COVID-19 pandemic triggered widespread economic instability on a global scale, affecting micro, small, and medium-sized enterprises (MSMEs) as well. This paper presents an initial investigation conducted in Sriharjo, a rural area in Bantul Regency, Indonesia, to explore the resilience of MSMEs and the role of information and communication technology (ICT) in supporting their operations. Eight key informants, including a village-owned enterprise (VOE) manager, an online marketplace website administrator, and six traditional food and beverage MSME owners, were interviewed at the end of 2022. The outbreak prevention policies disrupted economic activities in Sriharjo, prompting the VOE to initiate specific strategies, such as business digitalization, to mitigate the economic impact. MSME owners employed various coping strategies during the crisis, leading to diverse outcomes during the recovery phase, with some experiencing further decline while others rebounded successfully. However, ICT utilization remained limited among the investigated MSMEs, despite the village government's early digitalization initiatives. To enhance business agility and scalability, comprehensive strategies must be designed to strengthen their digital capabilities in response to unpredictable changes.

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“…Scholarly journals have widely discussed models of entrepreneurial marketing versus resilience theory for small businesses. Most of the emphasis touches on the importance of EM for small business resilience, such as the factor analysis of SME resilience amid COVID-19 [72]; effectual causal logic for small firms' resilience, such as organizational learning, firm resources, and organization plan-oriented strategy during the pandemic [73][74][75][76][77]; and the design framework for dynamic organizational strength [78,79]. All of these offered groundbreaking novelties in navigating the practical application for MSME's sustainable market and firm's innovation, technology adoption, and stakeholder relations strategies, to name the least.…”

Section: Model Of Entrepreneurial Marketing Behavior Post the Disastermentioning

confidence: 99%

Sustainable Micro, Small, and Medium Enterprises: A Developed Model of Entrepreneurial Marketing Behaviors for Thailand’s MSMEs

Li,

Syah,

Syukur

et al. 2023

Sustainability

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The main objective of this study is to propose a developed model of entrepreneurial marketing behaviors for sustainable micro, small, and medium enterprises (MSMEs) in Thailand. This study aims to contribute to the existing literature on sustainable business practices and entrepreneurial marketing behaviors after a disaster by providing a framework that can be used for future research in this area, particularly after economic turbulence. The research method used in this study is quantitative. The study was conducted in Bangkok, Thailand. Primary data were collected from respondents via a questionnaire using a non-probability sampling approach (purposive sampling). A total of 511 out of 600 issued online and paper surveys were successfully returned, constituting an 85% response rate. The primary data were acquired from first-hand sources of Thai MSMEs’ business owners and managers. The hypothesis testing of this study proves that entrepreneurial marketing behaviors could influence business rebound during the COVID period. The study also concludes that business resilience practices mediate or carry the influence of entrepreneurial marketing behaviors on the business rebound.

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Factors influencing small and medium-sized enterprise (SME) resilience during the COVID-19 outbreak

Cited by 16 publications

References 88 publications

Changes in SME Business Due to COVID-19—Survey in Slovakia and the Czech Republic

Changes in SME Business Due to COVID-19—Survey in Slovakia and the Czech Republic

COVID-19 crisis, MSMEs resilience, and the role of ICT: A preliminary investigation in rural Bantul, Indonesia

Sustainable Micro, Small, and Medium Enterprises: A Developed Model of Entrepreneurial Marketing Behaviors for Thailand’s MSMEs

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