IDEAS home Printed from https://ideas.repec.org/p/gtr/gatrjs/gjbssr588.html
   My bibliography  Save this paper

Business Continuity of MSMEs in Small Island Facing the Covid-19 Pandemic

Author

Listed:
  • Ayu Krishna Yuliawati

    (Faculty of Economics and Business Education, Universitas Pendidikan Indoneisa Author-2-Name: Rofi Rofaida Author-2-Workplace-Name: Faculty of Economics and Business Education, Universitas Pendidikan Indoneisa Author-3-Name: Budhi Pamungkas Gautama Author-3-Workplace-Name: Faculty of Economics and Business Education, Universitas Pendidikan Indoneisa Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Asti Nur Aryanti Author-5-Workplace-Name: Sekolah Tinggi Ilmu Ekonomi Indonesia Membangun (INABA), jl. Soekarno-Hatta no.448, 40266, Bandung, Indonesia Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

Objective - Geopark in Indonesia, especially in Belitong Island, has small and medium enterprises (MSMEs) engaged in various creative industries. The potential for the development of the creative industry for geoproducts is still open to enter the international market. Due to the Covid-19 pandemic, its development still faces several obstacles, where most of the geoproducts are made by MSMEs with limited market access, technology and financial access which results in low quality of products produced, and the level of competition for the domestic market is getting higher, while entering the international market is difficult. This study aims to analyze the impact of Covid-19 on MSME geoproducts in Geopark tourist destinations, and analyze Business Continuity Management at these MSMEs. Methodology/Technique - The research method used is quantitative and qualitative method, in which descriptive analysis are carried out through online survey and online FGD. Findings - The results of this study show how MSMEs' in small island of Belitung were severely affected by the Covid-19 pandemic. There was a drastic decrease product sales volume, some MSMEs were forced to permanently close their businesses and 47% of MSMEs decided to temporarily close their businesses until conditions improved. The business income was severely impacted due to the absence of tourists (customer) to the island and the difficulty in obtaining raw materials as production input. MSMEs run business continuity by implementing a pivoting strategy and transformation to digital platform. The roles of the government, private sector, financial institution, academic and geopark managers are needed to help MSMEs survive in times of crisis. Type of Paper - Empirical

Suggested Citation

  • Ayu Krishna Yuliawati, 2021. "Business Continuity of MSMEs in Small Island Facing the Covid-19 Pandemic," GATR Journals gjbssr588, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:gjbssr588
    DOI: https://doi.org/10.35609/gjbssr.2021.9.1(10)
    as

    Download full text from publisher

    File URL: http://gatrenterprise.com/GATRJournals/GJBSSR/pdf_files/GJBSSRVol9(1)2021/10.Ayu%20Krishna%20Yuliawati.pdf
    Download Restriction: http://gatrenterprise.com/GATRJournals/online_submission.html
    File URL: https://libkey.io/https://doi.org/10.35609/gjbssr.2021.9.1(10)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Eggers, Fabian, 2020. "Masters of disasters? Challenges and opportunities for SMEs in times of crisis," Journal of Business Research, Elsevier, vol. 116(C), pages 199-208.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ali Zackery & Joseph Amankwah-Amoah & Zahra Heidari Darani & Shiva Ghasemi, 2022. "COVID-19 Research in Business and Management: A Review and Future Research Agenda," Sustainability, MDPI, vol. 14(16), pages 1-32, August.
    2. Ioannis Giotopoulos & Alexander S. Kritikos & Aggelos Tsakanikas, 2023. "A lasting crisis affects R&D decisions of smaller firms: the Greek experience," The Journal of Technology Transfer, Springer, vol. 48(4), pages 1161-1175, August.
    3. Quan-Hoang Vuong & Huyen Thanh T. Nguyen & Thanh-Hang Pham & Manh-Toan Ho & Minh-Hoang Nguyen, 2021. "Assessing the ideological homogeneity in entrepreneurial finance research by highly cited publications," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-11, December.
    4. Howard, Mickey & Böhm, Steffen & Eatherley, Dan, 2022. "Systems resilience and SME multilevel challenges: A place-based conceptualization of the circular economy," Journal of Business Research, Elsevier, vol. 145(C), pages 757-768.
    5. Folajimi Ashiru & Franklin Nakpodia & Jacqueline J You, 2023. "Adapting emerging digital communication technologies for resilience: evidence from Nigerian SMEs," Annals of Operations Research, Springer, vol. 327(2), pages 795-823, August.
    6. Dwivedi, Abhishek & Pawsey, Nicholas, 2023. "Examining the drivers of marketing innovation in SMEs," Journal of Business Research, Elsevier, vol. 155(PB).
    7. DODERO ORTIZ DE ZEVALLOS Gino Felix & CLEMENTE-ALMENDROS José Antonio & BAHAMONDES ROSADO María Emilia, 2023. "The Covid-19 Crisis And The Financial Impact On Family Firms," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 18(2), pages 86-108, August.
    8. Aguilar-Gomez, Sandra & Gutierrez, Emilio & Heres, David & Jaume, David & Tobal, Martin, 2024. "Thermal stress and financial distress: Extreme temperatures and firms’ loan defaults in Mexico," Journal of Development Economics, Elsevier, vol. 168(C).
    9. Antonietta Cosentino & Paola Paoloni, 2021. "Women’s Skills and Aptitudes as Drivers of Organizational Resilience: An Italian Case Study," Administrative Sciences, MDPI, vol. 11(4), pages 1-18, November.
    10. Allan Webster & Sangeeta Khorana & Francesco Pastore, 2021. "The labour market impact of COVID-19: early evidence for a sample of enterprises from Southern Europe," International Journal of Manpower, Emerald Group Publishing Limited, vol. 43(4), pages 1054-1082, November.
    11. Joao Capella-Ramos & Romina Guri, 2022. "Firm adaptation in COVID-19 times: The case of Portuguese exporting firms," GEE Papers 0169, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Sep 2022.
    12. Tancredi Pascucci & Giuseppina Maria Cardella & Brizeida Hernàndez-Sànchez & Jose Carlos Sànchez-Garcìa, 2022. "Environmental Sensitivity to Form a Sustainable Entrepreneurial Intention," Sustainability, MDPI, vol. 14(16), pages 1-17, August.
    13. Antonios Kargas & Emmanouil Gialeris & Faidon Komisopoulos & Anastasios Lymperiou & Ioannis Salmon, 2023. "Digital Maturity and Digital Transformation Strategy among Greek Small and Medium Enterprises," Administrative Sciences, MDPI, vol. 13(11), pages 1-16, November.
    14. Jose C. Alves & Tan Cheng Lok & Yubo Luo & Wei Hao, 2020. "Crisis challenges of small firms in Macao during the COVID-19 pandemic," Frontiers of Business Research in China, Springer, vol. 14(1), pages 1-23, December.
    15. Moro, Andrea & Maresch, Daniela & Ferrando, Annalisa & Udell, Gregory F., 2022. "Funding innovation and the regulatory environment – The role of employment protection legislation," Journal of Business Research, Elsevier, vol. 145(C), pages 745-756.
    16. Zouheir El‐Sahli & Mouyad Alsamara, 2023. "Resilience in the time of COVID‐19: Lessons learned from Middle East and North Africa small‐ and medium‐sized enterprises," The Developing Economies, Institute of Developing Economies, vol. 61(3), pages 181-231, September.
    17. Marco Bettiol & Mauro Capestro & Eleonora Maria & Stefano Micelli, 2021. "Reacting to the COVID-19 pandemic through digital connectivity with customers: the Italian experience," Italian Journal of Marketing, Springer, vol. 2021(4), pages 305-330, December.
    18. Olivier Torrès & Alexandre Benzari & Christian Fisch & Jinia Mukerjee & Abdelaziz Swalhi & Roy Thurik, 2022. "Risk of burnout in French entrepreneurs during the COVID-19 crisis," Small Business Economics, Springer, vol. 58(2), pages 717-739, February.
    19. Truong, Thao Duc & Bui, Phuong Cam, 2022. "The lasting effect of formalization on credit access: Evidence from Vietnamese private SMEs," Finance Research Letters, Elsevier, vol. 47(PB).
    20. Maerean Camelia-Beatrice, 2021. "E-learning for Business- from Covid-Adaptation to Usual Practice," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 15(1), pages 150-159, December.

    More about this item

    Keywords

    Business Continuity; Geoproduct; Geopark; Covid-19 Pandemic; Belitong.;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gtr:gatrjs:gjbssr588. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Dr. Abd Rahim Mohamad (email available below). General contact details of provider: http://gatrenterprise.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.