UPSI Digital Repository (UDRep)
Start | FAQ | About

QR Code Link :

Type :article
Subject :HD61 Risk Management
RA0421 Public health. Hygiene. Preventive Medicine
Main Author :Candraa, Tadius Andi
Additional Authors :Wulandarib, Ika
Wafac, Zaenal
Title :Analysis of MSME strategies in responding to crisis A case study of MSME in Gunungkidul Regency
Place of Production :Tanjong Malim
Publisher :Fakulti Pengurusan dan Ekonomi
Year of Publication :2023
Corporate Name :Universiti Pendidikan Sultan Idris

Abstract : Universiti Pendidikan Sultan Idris
In recent years, the occurrence of crises caused by natural disasters such as floods and landslides, and the COVID-19 pandemic have significantly disrupted the distribution of goods and services, posing immense challenges for micro, small, and medium enterprises (MSMEs). Therefore, this study aims to find the best strategy for MSMEs to overcome the impact of the crisis. This study uses a qualitative descriptive method. The data was obtained from observations and interviews with 121 MSME players in Gunungkidul. This study applied the SWOT analysis to determine the best strategy for MSME, which was divided into two parts: External Factor Analysis Summary (EFAS) and Internal Factor Analysis Summary (IFAS). The results showed that the score for Strength was 2.15 and for Weaknesses was 0.7, indicating that internal factors for strengths are higher than weaknesses. The score for Opportunity was 1.85 and for Threats was 0.8, indicating that external factors for opportunities are higher than threats. The study concluded that the best strategy for MSME was to act aggressively by using their strengths, such as producing locally sourced goods, exploiting new business opportunities as the tourism sector reopens, and taking advantage of government policies. Keywords:Crisis, disruption, MSME, strategy, SWOT analysis, risk

References

Almudallal, M. W., Ashary, H., & Muktar, S. N. (2016). Influence of strategic planning on crisis management in the service sector firms in Palestine. Journal of Business and Social Review in Emerging Economies, 2(1), 13-20.

Alves, J. C., Lok, T. C., Luo, Y., & Hao, W. (2020). Crisis challenges of small firms in Macao during the COVID-19 pandemic. Frontiers of Business Research in China, 14, 1-23.

Chasanah, A., Jahroh, S., & Dewi, F. (2021). Digital Marketing Changes of Micro-Small

ISSN 1985 2126

Enterprises Before And During COVID-19 Pandemic In Bogor, Indonesia. Business Review and Case Studies, 21, 1-9.

Hajati, Dayat Ikhsan. (2021). Dampak Pandemi COVID-19 terhadap Usaha Mikro, Kecil dan Menengah di Kabupaten Kotabaru Kalimantan Selatan. ATRABIS: Jurnal Administrasi Bisnis, 7(2).

Hudin, N. S., Hazeline, A., Habidin, N. F., Surya, P., & Hussin, K. C. (2021). Mitigation Strategies in Supply Chain Risk Management: A Literature Review. Central Asia and The Caucasus. 22(5), 481-500.

Hudin, N. S., Abdul Hamid, A. B., & Thoo, A. C. (2015). Determinants of Risk Management Adoption in Organisations and Supply Chains. Applied Mechanics and Materials. 773, 804-808.

Hutahaean, H. (2020). Analisis faktor-faktor yang mempengaruhi pendapatan usaha kecil menengah (UKM) masa pandemi Covid-19 di Kabupaten Deliserdang. Journal Economics and Strategy, 1(1), 1-10.

Imanuel, T. H. (2021). Analisis faktor bauran pemasaran pada penjualan kedai kopi dalam masa pandemi COVID-19 (studi kasus MP COFFEE). Jakarta: Doctoral dissertation, Universitas Pelita Harapan.

John-Eke, E. C., & Eke, J. K. (2020). Strategic planning and crisis management styles in organizations: A review of related literature. Journal of Strategic Management, 5(1), 36-46.

Kurniawati, E., & Siddiq, I. H. A. (2020). Indonesian MSME e-commerce among the Covid-19 pandemic. GATR Global Journal of Business and Social Science, 267-277.

Kusumaningrum, D. A., Hurdawaty, R., & Yenny, M. (2020). Business optimism in COVID- 19 pandemic period in Indonesia. South Asian Journal of Social Studies and Economic, 8(3), 13-22.

Liu, Y., Lee, J. M., & Lee, C. (2020). The challenges and opportunities of a global health crisis: the management and business implications of COVID-19 from an Asian perspective. Asian Business & Management, 19, 277-297. Miklian, J., & Hoelscher, K. (2022). SMEs and exogenous shocks: A conceptual literature review and forward research agenda. International Small Business Journal, 40(2), 178-204.

Prohorovs, Anatolijs. (2020). Getting Ready for Recession: How SMEs Prepared for Covid 19 Pandemic and Economic Recession. Forbes Latvian Edition, 11, 46-49.

Rahmad, R. (2021). Implementasi digital capital pada usaha mikro kecil (UMK) kuliner kopi di Kota Padang pada masa pandemik. Padang: Doctoral dissertation, Universitas Andalas. Santoro, G., Messeni-Petruzzelli, A., & Del Giudice, M. (2021). Searching for resilience: The impact of employee-level and entrepreneur-level resilience on firm performance in small family firms. Small Business Economics, 57, 455-471.

ISSN 1985 2126

Siagian, M., Kurniawan, P. H., & Hikmah. (2019). Analisis faktor eksternal dan internal terhadap kinerja UMKM di Kota Batam. Jurnal Ekonomi & Ekonomi Syariah, 2(2), 265-271. Singh, A. (2021). MSMEs sector in India: Current status and prospect. International Journal of Innovative Research in Engineering & Management (IJIREM), Available at SSRN: https://ssrn.com/abstract=3912748 or http://dx.doi.org/10.2139/ssrn.3912748

Widiastuti, W., Handayani, A., & Hermawan, A. (2021, October). Spatial Distribution on Recovery Strategy Due to The Impact of The Covid-19 Pandemic on The Conditions of Micro Small Medium Enterprises (MSME’s) in Central Java Province, Indonesia. In IOP Conference Series: Earth and Environmental Science (Vol. 887, No. 1, p. 012026). IOP Publishing. Widnyani, N. M., Astitiani, N. L. P. S., & Putri, B. C. L. (2021). Penerapan transformasi digital pada UKM selama pandemi Covid-19 di Kota Denpasar. Jurnal Ilmiah Manajemen dan Bisnis, 6(1), 79-87.


This material may be protected under Copyright Act which governs the making of photocopies or reproductions of copyrighted materials.
You may use the digitized material for private study, scholarship, or research.

Back to previous page

Installed and configured by Bahagian Automasi, Perpustakaan Tuanku Bainun, Universiti Pendidikan Sultan Idris
If you have enquiries, kindly contact us at pustakasys@upsi.edu.my or 016-3630263. Office hours only.