Business Survival Strategies Research Articles

A Systematic Review on the Business Survival and Resilient Strategies for Hotel Owners during Covid-19 Pandemic

The Covid-19 pandemic has had critical impacts on the hotel and tourism industry. There are unclear insights on the business survival strategies in the hotel industry during the crisis. This paper aims to scrutinize the implications of the Covid-19 Movement Control Order (MCO) on the hotel industry and identify survival strategies based on reviewing several publications from 2019 till now. This study could assist the regulators in governing the policy for business owners to face any crises in the future with the right strategies.

State intervention and tourism business resilience: Exploring firm-level crisis responses

Business resilience and government intervention are critical in navigating crises. Guided by resilience theory and concepts of state intervention in global crises, this article examines firm-level strategies to the Covid-19 pandemic. The qualitative findings decipher adaptive resilience and business survival strategies concerning cashflow management, human resource management, management of current liabilities, asset management, and alternative business avenues. Government intervention included financial assistance, wage subsidy, loan moratorium, and other stimulus measures. Findings reveal mixed responses, highlighting the need for tailored and effective government intervention. The study extends resilience theory by integrating state intervention as an external driver of adaptive resilience, thereby providing a holistic understanding of resilience in crises. Practical implications provide policy-makers with insights on more effective crisis response strategies.

Level up the Business Performance: Contribution of Human Capital, Penta Helix and Survival Strategies in Creative Economy

The culinary industry is increasingly stretched in Indonesia, it is predicted that the culinary industry is one of the pillars in the creative industry. The culinary industry sub-sector is growing due to cultural and lifestyle shifts, as well as technological developments as one of the factors that determine the success or failure of a culinary business in the digital era that shifts from offline to online. Under that circumstances, culinary business actors must implement survival strategies to strive in this business. This study aims to examine the concepts of Penta Helix and Human Capital in utilizing the survival strategies in which contribute to the business performance in the culinary sub-sector of creative economy. Since the use of IoT has become viral in level up the business performance, culinary business actors who implement online selling has been the main concern of this research. The population in this study was all managers/owners of the Surabaya Culinary creative industry in collaboration with online delivery services (shopee food, go-food and grab food), with a sample of 68 respondents. The data analysis technique used the Partial Least Sequare (PLS). Based on the results of data processing, it was found that 1) Penta Helix has not yet been able to make a meaningful contribution to Culinary Business Performance 2) Human Capital is able to make a meaningful contribution to business performance at the opposite level. 3) Penta Helix is able to make a meaningful contribution to culinary survival strategies. 4) Human Capital is able to make a meaningful contribution to culinary business survival strategies. 5) survival strategies has a meaningful contribution to business performance on the opposite level.

냉동창고 건설공사 화재예방시스템 개선에 관한 연구

The domestic logistics environment must provide services in real time, regardless of time and place, due to increased delivery volume, increased logistics warehouse functions, increased delivery speed, increased low-temperature products, and the 4th Industrial Revolution. In order to survive in this logistics environment, logistics companies and others are pursuing profits on a large scale and short construction periods as business survival strategies, so the exposure of risks to logistics warehouse construction is very serious. Among them, more than 1,000 fire accidents with very serious disaster intensity have continued to occur over the past 10 years since 2010, and fire accidents have caused dozens of lives and property damage of tens of billions of won every year. The purpose of this study is to reveal the problems of the fire prevention system of the frozen warehouse construction work through case analysis and related laws and literature that occurred in the construction of the frozen warehouse among the logistics warehouses and to suggest ways to improve them.
 The research method was to investigate and analyze fire status, accident cases (centered on accidents at frozen warehouses in Icheon, Gyeonggi-do in 2008), theoretical consideration such as 4M techniques, and suggest ways to improve the fire prevention system.
 Fire prevention mechanisms of 4M refrigeration warehouse construction were investigated. Fire control by unqualified firemen, fire monitors, and lack of management by supervisors existed mechanically. The construction method of fire prevention was improved S.H.P(Safety Hold Point) operation, replacement of frozen warehouse insulation with semi-non-combustible urethane foam, introducing a mandatory fire prevention education system, strengthening emergency simulation training, and finally operating a one-out system for those who do not fulfill fire prevention guidelines.
 While conducting this study, it was an opportunity to examine the seriousness of fire accidents in frozen warehouse construction work, and I hope that the measures proposed through this study will help prevent fire in frozen warehouse construction work.

Business Survival Strategies During Covid-19

The whole world is in the grasp of Coronavirus. The dispersal of the infection is epic to the point that it constrained the World Health Organization (WHO) to announce it as pandemic. The flare-up of the infection has remarkable ramifications on the worldwide economy. Serious financial weight and grave outcomes must be borne by the Indian businesses in this setting of declining monetary circumstance due to Covid. Along these lines, this article is planned to contemplate the repercussions of Covid on various areas of Indian economy and to feature the purposes behind which India can be profited in the post pandemic time frame and for the most part to determine the business endurance methodologies which is the way to beat this predicament.

Exploring Fast Food Restaurants' Business Survival Strategies during Covid-19 Pandemic

Exploring Fast Food Restaurants' Business Survival Strategies during Covid-19 Pandemic

Impact of Covid-19 on Sectors of Indian Economy and Business Survival Strategies

The entire world is in the clutch of Coronavirus. The dissemination of the virus is so colossal that it compelled the World Health Organisation (WHO) to declare it as pandemic. The outbreak of the virus has unprecedented implications on the global economy. Severe economic burden and grave consequences have to be borne by the Indian industries in this backdrop of declining economic situation due to coronavirus. Thus, this article is intended to study the repercussions of coronavirus on different sectors of Indian economy and to highlight the reasons for which India can be benefitted in the post pandemic period and mainly to specify the business survival strategies which is the key to overcome this tough situation.

СТРАТЕГІЇ BИЖИВАННЯ МАЛОГО СЕМЕЙНОГО БИЗНЕСУ ПІД ЧАС ТА ПІСЛЯ КАРАНТИНУ

The issue of creation of Small Family Business Survival Strategies during and after quarantine has been worked out in the study.Family business unlike any other type of business has some specific features which might well help it to survive. They are: Strength in unity, Ability to handle conflicts, Fairness, Social engagement, Strong values, Pride and Mutual support. Therefore, based on these features, the Survival Triangle of Small Family Business has been developed in the paper. It is based on Short-term measures (immediate response to the quarantine challenges), Long-term Strategy (for the next several years of recession) and Family Values.Besides, the scheme of working out a strategy of Small Family Business Survival during and after quarantine has been offered. A Strategy of Survival should include a short-term part and a long-term one (in case low market demand after a guarantine is over). A long-term strategy must be based on strategic analysis, clear identification and enhancing of competitive advantages.Additionally, Decision Stages for Survival of Small Family Business being quarantined have been offered. Stage 1. Applying for governmental aid. The first immediate action is to get to know what kind of help can the government provide and apply for it оn time. Stage 2. Examination of the possibility of remote work. Not every business can be run remotely, therefore businessmen should consider delivery of their products to consumers even though they did not have such an option before. Consequently, their business models should be adjusted to the changed situation (for example, a classical shop keeper model could be transferred into Internet shop model). Stage 3. Examination of the possibility of changing your business specialization. It means application of a horizontal diversification strategy. For instance, a sewing company could be reoriented to tailoring medical gowns and masks. If this fails, Small Family Business goes to the next stage. Stage 4. Revision of skills of all the family members in order to find some way of their monetization. Stage 5. Socially responsible fundraising 50/50 (for maintaining business and anti-epidemic struggle).Implementation of all the aforementioned may well help Small Family Businesses in different countries survive quarantine and live after it. The results obtained in the study can be used in further research in this realm.The results obtained in the study can be used in further research in this realm.

Impact of COVID-19 on Sectors of Indian Economy and Business Survival Strategies

The entire world is in the clutch of Coronavirus. The dissemination of the virus is so colossal that it compelled the World Health Organisation (WHO) to declare it as pandemic. The outbreak of the virus has unprecedented implications on the global economy. Severe economic burden and grave consequences have to be borne by the Indian industries in this backdrop of declining economic situation due to coronavirus. Thus, this article is intended to study the repercussions of coronavirus on different sectors of Indian economy and to highlight the reasons for which India can be benefitted in the post pandemic period and mainly to specify the business survival strategies which is the key to overcome this tough situation.

Determinants of Tax Non-Compliance among Small and Medium Enterprises in Zimbabwe

Small and medium-scale enterprises (SMEs) are recognized global for being the backbone of the economy through; economic advancement; innovation, wealth generation and furthering growth. SMEs have a high tax non compliance rate which hinders the development they bring to many economies. This paper aims to establish the major determinants of tax non-compliance among SMEs in the Zimbabwean economy. The survey research design was used and the SMEs operating in the Bulawayo provincewere considered as the sample of the study. The stratified random sampling technique was adopted in eliciting information and questionnaires were administered in the collection of data from the respondents. 187 questionnaires were issued out and 150 were returned. Regression analysis was used to establish the relationship that exists between tax non-compliance and the predictive variables, using SPSS ver. 22. The study revealed that poor follow-up strategy and lack of a tax audit, high tax rates, financial constraints, abuse of public funds by authorities and tax education as the major determinants. SME operators should apply modern business survival strategies so as to counter financial constraints. ZIMRA should maintain a database for SMEs for tax audit purposes; intensify follow-up strategies, increase tax audits and increase tax support services to SMEs. The government should consider reducing tax rates (which are perceived to be too high) as they promote tax evasion and failure among SMEs.

Determinants of Tax Non-Compliance among Small and Medium Enterprises in Zimbabwe

Small and medium-scale enterprises (SMEs) are recognized global for being the backbone of the economy through; economic advancement; innovation, wealth generation and furthering growth. SMEs have a high tax non compliance rate which hinders the development they bring to many economies. This paper aims to establish the major determinants of tax non-compliance among SMEs in the Zimbabwean economy. The survey research design was used and the SMEs operating in the Bulawayo provincewere considered as the sample of the study. The stratified random sampling technique was adopted in eliciting information and questionnaires were administered in the collection of data from the respondents. 187 questionnaires were issued out and 150 were returned. Regression analysis was used to establish the relationship that exists between tax non-compliance and the predictive variables, using SPSS ver. 22. The study revealed that poor follow-up strategy and lack of a tax audit, high tax rates, financial constraints, abuse of public funds by authorities and tax education as the major determinants. SME operators should apply modern business survival strategies so as to counter financial constraints. ZIMRA should maintain a database for SMEs for tax audit purposes; intensify follow-up strategies, increase tax audits and increase tax support services to SMEs. The government should consider reducing tax rates (which are perceived to be too high) as they promote tax evasion and failure among SMEs.

Evaluation of business survival strategies among community pharmacists in Malaysia: a Preliminary finding

<p style="text-align: justify;"><strong>Objective:</strong> This preliminary study aimed to determine the challenges faced by community pharmacists in Malaysia and identify the scope of their survival and future in their business environment. <strong>Methodology:</strong> The study populations were the community pharmacists in Penang and Kedah, two northern states in Malaysia. A survey was carried out to collect the data on respondent&rsquo;s demography, business profile, challenges and obstacles faced by community pharmacists in business and the future role of community pharmacists in the next five years. Respondents were selected based on convenience. Chi Square test was used to measure the association of categorical variables; independent t-test was carried out for continuous variables; alpha level=0.05. <strong>Findings:</strong> A total of 103 pharmacists participated in the study. Less than half of the respondents (n=40, 38.8%) felt that franchise pharmacy such as &lsquo;Watson Pharmacy&rsquo; and &lsquo;Guardian Pharmacy&rsquo; do affect their business. More than three-forth (n=81, 78.6%) felt that pharmacists will have their dispensing rights in the near future. From the total number of respondents in town, 44.3% (n=27) agreed that franchise pharmacy had significantly influenced their business while 55.7% (n=34) disagreed with the statement. Both town and suburb pharmacies felt that &lsquo;management skill&rsquo; is the most needed skill in the future for a pharmacist. Half of the chain pharmacy respondents felt that &lsquo;counseling&rsquo; is the most needed skill in the future while 38.8% (n=37) of the independent pharmacy respondents think that management is the most important skill required. <strong>Conclusion:</strong> The community pharmacists perceived several threats to their future business survival. Among the threats, the major one being the &lsquo;dispensing doctors&rsquo; which are a widely accepted practice in the country. <p style="text-align: justify;"><strong>Key words:</strong> Business Survival, Community Pharmacists, Malaysia, Business Strategies, pharmacy owner, Pharmacy practice.

A Business Survival Framework for African Immigrant-Owned Businesses in the Cape Town Metropolitan Area of South Africa

Using incoming revenues and the associated costs that underpin the concept of breakeven analysis, this article investigates the business survival strategies of immigrant-own-businesses in the context of African immigrants in the Cape Town Metropolitan Area of South Africa, and proposes a framework for the start-up survival of these businesses. The study was designed within the quantitative and qualitative research paradigms. A triangulation of three methods was utilised to collect and analyze the data. The research revealed that African immigrant entrepreneurs face a range of challenges when starting their businesses and again as they try to grow or stay afloat. Furthermore, the study indicated that African immigrants rely more on certain entrepreneurial attributes as they seek innovative solutions to the problems that they encounter relating to business. As a business survival strategy, these immigrants develop a number of unconventional initiatives aimed at increasing sales revenue while minimising cost. DOI: 10.5901/mjss.2013.v4n13p247

A Business Survival framework for African immigrant-owned businesses in the Cape Town Metropolitan Area of South Africa

Using incoming revenues and the associated costs that underpin the concept of breakeven analysis, this article investigates the business survival strategies of immigrant-own-businesses in the context of African immigrants in the Cape Town Metropolitan Area of South Africa, and proposes a framework for the start-up survival of these businesses. The study was designed within the quantitative and qualitative research paradigms. A triangulation of three methods was utilised to collect and analyze the data. The research revealed that African immigrant entrepreneurs face a range of challenges when starting their businesses and again as they try to grow or stay afloat. Furthermore, the study indicated that African immigrants rely more on certain entrepreneurial attributes as they seek innovative solutions to the problems that they encounter relating to business. As a business survival strategy, these immigrants develop a number of unconventional initiatives aimed at increasing sales revenue while minimising cost. DOI: 10.5901/mjss.2013.v4n13p247

BUILDING THE PROFESSION: OUR ROLES AND RESPONSIBILITIES

In the January 2008 edition of The Academy of Management Review, Linda Trevino expressed her disappointment in realizing that some colleagues had declined editors’ requests to review (Trevino, 2008). She continued by stating that reviewing is both a professional and ethical responsibility for all of us. I could not agree more with Professor Trevino. Her critical assessment of the state of reviewing in our profession is a wake-up call. If we want our profession to continue growing in quality and be members in good standing in our chosen career path, then we should all act professionally and ethically in our treatment of each other’s work. After all, as Professor Trevino states, the Golden Rule works in all possible directions. So, please, next time you receive a request to review, do not discard it. If you have a valid reason for declining, please let the editorial team know as soon as possible. You may even help identify able and willing reviewers. Similar professional and ethical attitudes are expected of all involved in the submissionpeer evaluation-publication process: authors, editors, associate editors and others. Furthermore, sponsoring institutions must recognize the value of all aspects of faculty participation in this endeavor. We are privileged to be engaged in something we love to do. To paraphrase one of the original SNLs: Academia has been very good to us! The rise of management fields to today’s professional status has especially been good to us! Let’s make it even better by helping each other! This issue would not have been possible without the contributions of the many professionally and ethically acting manuscript reviewers. I want to thank them on behalf of the authors, the editorial team and the profession. The first article is contributed by Linda Niehm, Nancy Miller, Mack Shelley and Margaret Fitzgerald. Their study, Small Family Business Survival Strategies for Coping with Overlapping Family and Business Demands, deals with a critical topic in the success of a family venture. What is the right balance between home and work? The authors analyze the homework place balance achieved by surviving and non-surviving firms. The implications of their work are both interesting and of great importance not only for family businesses, but also for an economic system that depends so heavily on them.

The challenge to c‐stores: Edinburgh South Asian responses

While no two businesses are the same, examples from Edinburgh Pakistani community convenience store owners illustrate business survival strategies developed in response to increased environmental challenges presented by changing consumer behaviour, increased competition and demographic variations. These are related to the individual’s motivation, experience and family business background, and include exiting the sector, gaining recognised qualifications and alternative employment, and involving second and third generations in expanding family business activities. The resulting smaller, but stronger, convenience(c)‐store sector continues to provide opportunities for individual businesses, thus maintaining the economic and social benefits for the ethnic minority community and the wider city population.