Overviewing and Analyzing of Intangible Resources of Food Industry SMEs in Surabaya – Indonesia

Abstract

Entering the era of free trade, Small and Medium Enterprises (SME) is seen to have strategic role in pushing the economy growth of a country. Concept of how companies could achieve their excellence performance through the utilization of resources or well known as Resources based View (RBV). RBV explains the concept of organization performance through the focus on internal resources owned by companies. This research study was a crosssectional survey of food industry SMEs in Surabaya. The proposed study population comprised of 112 SMEs. Based on the average of respondent's answer for Organizational Resources, it is known that the respondents, who are the owners of SMEs food industry in Surabaya, assess their ownership of Organizational Resources is high. Managerial Resources is rated as the highest resources, followed with Technical Resources, while Marketing Resources is rated relatively low. Future research could expand the dimensions of resources into tangible resources, in order to have a complete overview of resources of food industry SMEs.