Crisis-Adjustment Strategies Adopted by SMEs in Coping with the 2008-2009 Global Economic Crisis: The Case of Indonesia
This study explores crisis-adjustment strategies adopted by small and medium enterprises (SMEs) in Indonesia in coping with the 2008-2009 global economic crisis. For the purpose of the study, a field survey on export-oriented SMEs in the wood and rattan furniture industry was conducted. The furniture industry was chosen as it is among several industries in Indonesia severely affected by the crisis. From June 2008 to June 2009, export of Indonesian furniture declined significantly. The survey found that the highest-ranking adjustment measure taken by the majority of the respondents was seeking out new customers or markets. It also found that for those who made adjustments to their existing workforce, the most important form was reducing working time. Overall, it was found that uneducated and female workers were the most affected by the labor-adjustment measures.
Volume (Year): 8 (2011)
Issue (Month): 1 (June)
|Contact details of provider:|| Postal: College 4031, Laguna, Philippines|
Phone: (63-49) 536-2365
Fax: (63-49) 536-7097
Web page: http://www.searca.org/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:sag:seajad:v:8:y:2011:i:1:p:57-77. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mariliza V. Ticsay)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.