Micro, Small And Medium Enterprises Owners Research Articles

The Effect of Generation Z Participation and Financial Technology Innovation on Community Welfare and Sustainable Development in MSMEs in Indonesia

This study investigates the effect of Generation Z participation and Financial Technology (FinTech) innovation on community welfare and sustainable development within Micro, Small, and Medium Enterprises (MSMEs) in Indonesia. A quantitative research approach was employed, utilizing a cross-sectional survey design to collect primary data from MSME owners, employees, and stakeholders. Structural Equation Modeling with Partial Least Squares (SEM-PLS) was used to analyze the data and test the hypothesized relationships. The findings reveal significant positive relationships between both Generation Z participation and Financial Technology Innovation with Community Welfare and Sustainable Development. The results underscore the importance of harnessing youth entrepreneurship and technological innovations to drive socio-economic development and promote sustainable growth within the MSME sector. These findings have significant implications for policymakers, entrepreneurs, and stakeholders striving to foster inclusive and sustainable development in Indonesia.

Integration of supply chain model for perishable food products : focus on micro, small and medium enterprises

Managing perishable products is a business challenge for today, especially for Micro, Small and Medium Enterprises (MSMEs). This challenge becomes increasingly higher with increasingly competitive business competition which causes perishable products to become increasingly diverse and of high quality. Even though MSMEs face problems related to business innovation, especially in perishable products. So MSMEs need a perishable product business strategy to increase competitive advantage. The main purpose of this article is to integrate the perishable supply chain model for micro, small and medium enterprises. So that the implementation of the perishable supply chain model can be carried out well. This research method used a qualitative approach by conducting in depth interviews with twelve owners of MSMEs. Validation of the data in this study is shown by observing selected informants for cross-checking and validating the data. The analysis technique in this study uses MAXQDA software. The results of this study are that integration of each existing business function in a model, namely a perishable food supply chain, is very much needed. Perishable food supply chain integration is based on the perishable supply chain process, cost strategy and environmental and product safety analysis. The perishable supply chain process consists of production, shipment, processing, shipment, storage, distribution and demand markets. From the results of the coding system, it is also known that the distribution factor makes the largest contribution to the success of implementing the perishable food supply chain model. This supply chain model for perishable food for MSMEs is in accordance with the second sustainable development goals (SDGs), where problems related to hunger, malnutrition, and food security can be overcome well if this model is implemented in MSMEs. This research is in accordance with the eighth SDGs, where the hope is that MSMEs can increase decent work and sustainable economic growth. For further research, there needs to be integrated cooperation between various parties using the quadruple helix principle. So that MSMEs with perishable businesses can increase their competitive advantage.

Culinary MSME Business Development Model Post the COVID-19 Pandemic

The objective of this study is to examine the influence of distribution and digital marketing on the revenue and growth of culinary micro, small, and medium enterprises (MSMEs) in Jakarta. The research used quantitative research, and the sample consisted of 251 owners of MSMEs in the culinary sector in Jakarta. The data analyses were performed using the Structural Equation Model. The food distribution channel has a favorable and substantial influence on the revenue of MSMEs in Jakarta, however it does not directly impact on the growth and advancement of MSMEs. Food distribution routes have a notable indirect impact on growth. Digital marketing does not directly impact revenue, but it does have a beneficial influence on MSME's growth and expansion. The presence of operating revenue has a favorable influence on the growth and progress of MSMEs in Jakarta. The findings of this study are valuable for advancing the field of marketing science by providing insights for stakeholders, serving as input for culinary MSMEs, and enhancing understanding of the impact of food distribution and digital marketing on MSMEs' revenue and business growth. Consequently, MSMEs can adopt more effective business strategies and improve product sales. This study thoroughly investigates the direct and indirect impact of food distribution channels and digital marketing on the revenue and growth of MSMEs. This research is unique because it employs second-order confirmatory models, which address gaps in earlier studies that mostly focused on testing direct effects.

The Mediating Effect of Financial Literacy on the Relationship between Saving Behavior and Financial Well-being of Micro, Small, and Medium Enterprises in Babak District

The Mediating Effect of Financial Literacy on the Relationship between Saving Behavior and Financial Well-being of Micro, Small, and Medium Enterprises in Babak District

The Role of Fintech in Financial Inclusion (Case Study of MSME Entrepreneurs in Surabaya)

This research aims to investigate the influence of certain factors on financial inclusion in Micro, Small and Medium Enterprises (MSMEs) in the City of Surabaya. The quantitative analysis method was used by collecting data through questionnaires from 100 respondents who were MSME owners. The research results show that financial risk factors have a positive and significant influence on financial inclusion, while the perceived usefulness and trust factors do not have a significant influence. These findings provide important insights for stakeholders in designing policies that support MSME financial inclusion in the city of Surabaya.

The Influence of the Use Financial Technology, Owner Financial Literacy, and Risk Tolerance on the Performance of MSMEs in Indonesia

This study investigates the influence of financial technology adoption, owner financial literacy, and risk tolerance on the performance of Micro, Small, and Medium Enterprises (MSMEs) in Indonesia. Amidst the diverse landscape of Indonesian MSMEs, characterized by challenges in accessing formal financial services, the study examines the role of FinTech in overcoming these barriers and fostering business growth. Additionally, it explores the significance of owner financial literacy in facilitating informed decision-making and the strategic importance of risk tolerance in driving business innovation. Through a quantitative research design and Partial Least Squares Structural Equation Modeling (PLS-SEM) analysis, the study offers insights into the nuanced relationships between these factors and MSME performance. The findings provide actionable insights for policymakers, financial institutions, and MSME owners, aiming to promote sustainable MSME development and economic prosperity in Indonesia.

Unlocking B2B Purchase Engagement: Investigating Its Drivers and Consequences in App-Based Service Subscriptions for MSMEs

Objective: This study aims to highlight the role of purchase engagement in the business-to-business (B2B) context, which is mainly under-explored due to the intricacy and diverseness of stakeholders embroiled in B2B purchasing decisions. This paper fills the gap by studying purchase engagement in the Micro, Small, and Medium Enterprises (MSMEs) B2B setting, particularly for app-based service subscriptions. Design/Methods/Approach: The study recruited responses from 215 MSME owners and managers, current customers of a subscription-based point-of-sales (POS) service. The PLS-SEM technique empirically validated the conceptual framework and the research hypotheses. Findings: The findings indicate that the conceptual model of customization, identification with virtual communities, and loyalty to account managers are exogenous factors influencing purchase engagement, perceived dependency, and willingness to pay for price premiums. Originality/Value: This study aims to understand purchase engagement in B2B, focusing on transactional drivers. This framework also investigates a particular set of drivers and results from purchase engagement factors in B2B app-based service subscriptions. Practical/Policy implication: B2B app-based service subscription stakeholders must ensure that all efforts to engage with customers strengthen their dependency on the service by starting with purchase engagement, customization, identification with virtual communities, and loyalty to account managers.

Factors and moderators influencing artificial intelligence adoption by Jordanian MSMEs

PurposeThis study aims to investigate the factors influencing the adoption intention of artificial intelligence (AI) by micro, small and medium enterprises (MSMEs) in Jordan.Design/methodology/approachThe study adopts the technology–organization–environment (TOE) model. It examines the moderating effects of innovation culture, employee digital skill level and market competition on the relationships between the independent and dependent variables. A survey was utilized to collect data from 537 MSME owners or managers in Jordan and employed partial least squares structural equation modeling to test the hypotheses.FindingsThe results of the study support seven out of eight hypotheses. Business innovativeness, management support, perceived benefits and technological infrastructure have positive and significant effects on AI adoption intention, while perceived costs have no significant effect. However, the innovation culture, employee digital skill level and market competition were found to moderate the relationships between some of the independent variables and dependent variables.Practical implicationsThe study provides valuable insights and recommendations for MSME owners, managers, employees, policymakers, educators and researchers interested in promoting and facilitating AI adoption by MSMEs in Jordan.Originality/valueThe current attempt extends the TOE framework by adding significant constructs representing the three contexts. Moreover, it is one of the few studies that analyzed the factors influencing the adoption intention of AI by MSMEs in Jordan, which are significant to the Jordanian economy and represent 99.5% of enterprises.

An Examination of the Impact of Using Marketplaces to Promote the Growth of Micro, Small, and Medium Enterprises (MSMEs) in Indonesia

Marketplaces have become a critical component in the development of Micro, Small, and Medium Enterprises (MSMEs) in Indonesia. The availability of a marketplace platform has a substantial impact on MSMEs' growth. The purpose of this study is to assess the impact of marketplaces on the growth of MSMEs by taking into account the elements that influence their integration into the digital ecosystem. The quantitative methodology was utilized to collect data from MSME traders who used the marketplace to market their items. The marketplace's presence has greatly enhanced sales and had a favorable impact on their business operations. Market access is open from Sabang to Merauke thanks to the information technology network. This data is evaluated statistically to determine the association between market presence and MSME business growth. The findings of this study can help MSMEs gain a better understanding of how to use marketplaces to boost exposure, sales, and overall growth. The practical ramifications of this research are supposed to assist MSME owners in developing marketing strategies for their products and services via marketplace platforms. This research will also contribute to scholarly literature on the development of MSMEs in the digital era.

Pengaruh Tingkat Pendidikan, Pengetahuan Akuntansi, dan Pelatihan Akuntansi terhadap Penggunaan Informasi Akuntansi Pada UMKM (di Kecamatan Makasar Jakarta Timur)

The purpose of this study is to determine how education level, accounting knowledge, and accounting training impact the usage of accounting information in Micro, Small, and Medium Enterprises (MSMEs) in Makasar District, East Jakarta. This analysis includes MSME owners from Makasar District who have registered on the JakPreneur platform and correspond to the specified sample. This study employs a non-probability sampling strategy with the Purposive Sampling type and the Convenience aSampling technique. For this study, we performed inferential analysis using SmartPls 3. According to the findings, accounting expertise has a favorable influence on the utilization of accounting information in MSMEs, however education level has a negative impact. Accounting training has a detrimental influence on how MSMEs use accounting information. Based on these findings, future researchers are advised to increase the sample of MSMEs utilized as respondents and investigate additional characteristics that may impact the usage of accounting data.

Perilaku Manajemen Keuangan Pada UMKM Sentra Kain Tenun Lurik Di Desa Tawang

This research aims to determine the influence of financial knowledge, income, financial attitude, and personality on financial management behavior among owners of Micro, Small, and Medium Enterprises (MSMEs) in the village of Tawang, with a focus on the production of woven lurik fabric. All owners of MSMEs specializing in woven lurik fabric in the village of Tawang were included in this study, and the sampling method applied was saturation sampling. Primary data were obtained through the distribution of questionnaires to 86 respondents who are owners of MSMEs. Data was analyzed using multiple regression analysis methods. The results of the study indicate that financial knowledge has a positive and significant influence on financial management behavior among owners of MSMEs specializing in woven lurik fabric in the village of Tawang. Income has a positive and significant influence on financial management behavior among owners of MSMEs specializing in woven lurik fabric in the village of Tawang. Financial attitude has a positive and significant influence on financial management behavior among owners of MSMEs specializing in woven lurik fabric in the village of Tawang. Personality has a positive and significant influence on financial management behavior among owners of MSMEs specializing in woven lurik fabric in the village of Tawang.
 Keywords: Financial Knowledge; Income; Financial Attitude.

Program Pemberdayaan Masyarakat “Saudagar Halal Madiun” pada UMKM di Kabupaten Madiun

Lack of understanding of financial records can cause owners to have poor asset management skills. Apart from that, taxes for MSMEs are another problem for business actors. The existence of demands from the government regarding halal certification also means that business actors who sell food and drinks are required to obtain halal certification. The aim of this activity is that business actors can compile simple records of the business carried out, know their tax obligations, and be able to calculate the amount of tax paid themselves. Participants are expected to be able to have halal certification for their businesses, especially businesses with food and beverage products. Community empowerment was carried out in Madiun Regency on 26-27 July 2023. Participatory Action Research (PAR) is used in this community service. Community empowerment is carried out through skills training, counseling, and development of micro, small, and medium enterprises (MSMEs). In this method, participants will make and learn from changes made in the training process. Simple bookkeeping training, MSME taxation, and submission of halal certification are the three sessions that make up the activities. In conclusion, MSME owners still need financial records written on paper, and most still need to try to record them. Most participants have small gross receipts or businesses with gross receipts of less than Five hundred million per year, so companies are not subject to MSME tax. Participants' enthusiasm grew when they helped apply for halal certification.

SOSIALISASI DAN PRAKTEK PEMBUATAN LAPORAN KEUANGAN SEDERHANA UNTUK UMKM DI KELURAHAN TIDUNG, KEPULAUAN SERIBU

This research aims to analyze the socialization process and practice of making simple financial reports for micro, small and medium enterprises (MSMEs) in Tidung Village, Seribu Islands. The method used is a case study with a qualitative approach. Data was collected through in-depth interviews with MSME owners and financial managers as well as direct observation of the practice of preparing financial reports. The research results show that intensive socialization and the practice of making simple financial reports provide significant benefits for MSMEs in improving their financial understanding and skills.

Development of Mobile QR Warehouse Management Apllication Based on Flutter and Firebase

Since the Covid-19 pandemic took place, the number of MSMEs (Micro, Small and Medium Enterprises) has increased. Running a good business requires good product management to minimize losses that occur due to errors in product management. This research aims to increase the efficiency of the product management process with the QR Scanner feature which can make things easier for MSME owners. This research was designed through various needs gathering steps which included literature studies, surveys and competitor analysis. The results of the research are an Android and iOS based mobile application called QRHouse. The testing methods used include User Acceptance Test, User Interface Survey, UI Evaluation with 8 Golden Rules, UX Evaluation with 5 Measurable Human Factors. The results of the research were achieved when the application developed succeeded in increasing efficiency in product stock management

Analysis of the Effect of Tax Rates and Understanding of Taxation on MSME Taxpayer Compliance in Lamongan Regency

MSMEs are one sector that has the potential to contribute to state tax revenues. This research aimed to examine the influence of tax rates and tax understanding on the level of taxpayer compliance in Micro, Small and Medium Enterprises (MSMEs) in the Lamongan Regency. Through a survey approach using a questionnaire, primary data was got from MSME owners as a research sample of 94 respondents. The results could provide a deeper understanding of the factors that influence tax compliance among MSMEs, especially in the Lamongan Regency. Regression analysis was used to test the relationship between tax rate variables, tax understanding, and the level of tax compliance. The results could provide a deeper understanding of the factors that influence tax compliance among MSMEs simultaneously or partially, especially in the Lamongan Regency. The implication of these findings was the importance of managing proportional tax rates and effective tax counseling to encourage MSME taxpayer compliance in the Lamongan Regency. This research contributed to further understanding of tax factors that could form a better tax environment for MSME growth and Regional Tax revenues.

Strategies to Increase the Competitiveness of Micro, Small and Medium Enterprises (MSMEs): A Narrative Literature Review

Micro, small, and medium enterprises (MSMEs) are one of the important pillars of the country's economy. MSMEs have an important role in creating jobs, increasing economic growth, and improving community welfare. The competitiveness of MSMEs is vital for their success and for driving economic growth. To increase the competitiveness of MSMEs, the right strategy is needed. This strategy must be adapted to the characteristics of MSMEs, such as the business sector, target market, and competitive conditions. These research questions are: 1) What are the strategies for increasing the competitiveness of MSMEs?, and 2) What supporting factors can increase the competitiveness of MSMEs? The research method used is a narrative literature review of five references taken from the ScienceDirect database from 2020 to 2023 that discuss strategies for increasing the competitiveness of MSMEs. These five papers have a strong connection because they all discuss the relationship between innovation and the performance of micro, small, and medium enterprises (MSMEs). The results of the narrative literature review show that thera are several strategies can be used to increase the competitiveness of MSMEs namely digitalization, product and service innovation, business process innovation, and marketing and sales innovation. Beyond these strategies, the studies emphasize the importance of several supporting factors, such as government support, access to financial resources, networking, and collaboration opportunities. The implication of this research is to contribute ideas to the government and owners of MSMEs in the form of a model increasing the competitiveness of MSMEs in the global market.

Introduction Of MSME (Micro, Small and Medium Enterprises) Products to Increase Selling Competitiveness at The Level 3 Seuhaaah Festival Event At Paris Van Java Mall

MSMEs (micro, small and medium enterprises) are the main drivers of the Indonesian economy which are now excellent in increasing employment The government in various sectors also helps the development of MSMEs, one of which is by providing KUR (People's Business Credit) loan facilities intended for MSMEs. Now MSMEs are very easy to recognize with various technological advances, one of which is social media which provides one way of promotion attractively. Wikaorganizer invites MSMEs to participate in celebrating the Level 3 Sehaaah Festival which will be held in Paris Van Java in collaboration with BJB held a flash sale in order to celebrate the right one on August 17 and gave vouchers for Rp.17,-. The Community Service program aims to provide education and invite MSMEs to introduce their products to increase their selling competitiveness during the Level 3 Seuhaaah Festival at Paris Van Java Mall. MSME owners were given the opportunity to participate in the event and try to compete with other business units in selling their products. During the Seuhaaah Level 3 Festival, MSMEs could attract consumer attention through creative and attractive product exhibitions. In this case, effective promotion and strong branding are key factors. In addition, participating in events like this allows MSMEs to build a wider business network, including with potential buyers and business partners. In this program, MSMEs can experience real benefits in increasing their sales competitiveness through participation in the Level 3 Seuhaaah Festival event. Therefore, increasing support and promotion of similar events can be an effective strategy in supporting the growth of MSMEs and the local economy as a whole.

Factors affecting Information & Communication Technology (ICT) adoption among MSMEs

The purpose of this study is to determine the factors influencing the Information & Communication Technology (ICT) adoption by the managers or owners of Micro, Small, and Medium Enterprises (MSME) operating in India. Based on two established theories of technology adoption - Technology acceptance model and Unified Theory of Acceptance and Use of Technology - the factors influencing ICT adoption behaviour were hypothesized. The adequate sample was selected through the combination of random, judgmental and snowball sampling. Using structural equation modelling approach, the proposed model was tested. Findings reflect that perceived usefulness and social influence emerged as the dominating factors influencing ICT adoption decision. The study has also highlighted the barriers encountered by MSMEs in adopting ICT. The obtained barriers were categorized into three categories: resource/infrastructure, human resource, and technological environment. Government, MSME owners and ICT industry can benefit from the findings of this study.

Exploring The Relationship Between Entrepreneurial Networking, Entrepreneur Leadership, Innovation capability, and MSMEs Performance

This research aims to determine the role of entrepreneurial networks, entrepreneur leadership, on innovation capabilities and MSME performance. The sampling technique used purposive sampling, obtaining a total of 247 samples of MSME owners in the culinary sector in Bojonegoro City. Research data was analyzed using SEM techniques with AMOS software. The research results show that entrepreneurial networking has a positive effect on the innovation ability and performance of MSMEs. Meanwhile, entrepreneurial leadership has no effect on the innovation ability of MSMEs, but has a positive influence on MSME performance. The implications of this research are that the development of entrepreneurial networks can be a crucial factor in enhancing innovation capabilities and performance for Micro, Small, and Medium Enterprises (MSMEs) owners in the culinary sector in Bojonegoro City. Additionally, entrepreneurial leadership also plays a significant role in improving the performance of MSMEs, even though it does not have a direct influence on innovation capability. Therefore, in the effort to enhance the performance of MSMEs in the culinary sector, MSME owners should consider expanding their entrepreneurial networks and strengthening entrepreneurial leadership.

QUALITATIVE ASSESSMENT OF DIGITAL ECONOMY IMPLEMENTATION FOR ECONOMIC RECOVERY DURING THE COVID-19 PANDEMIC IN YOGYAKARTA, INDONESIA

The digital economy in Yogyakarta, Indonesia assumed a pivotal part in keeping society working during the Coronavirus 2019 (COVID-19) pandemic by empowering remote working, mechanizing measures, and encouraging contactless exchanges. The expanded utilization of digital technologies likewise carried society closer to building up a digital economy. The digital platforms used during COVID-19 can drive recovery and solidify future services. This study analyzes how Yogyakarta’s Micro, Small, and Medium Enterprises (MSMEs) sector faced difficult situations for the economy during the pandemic and how the government implemented the digital economy for MSMEs to recover the economy. This qualitative study uses in-depth online interviews for primary data and supporting books, journals, documents, and regulations to characterize the background. The research findings of this study report on the implementation of a digital economy to improve the economic situation. Specifically, the Yogyakarta government targeted bolstering MSMEs, focusing on online platform application development. Second, MSME owners and customers alike benefit from the platforms. Online, MSME owners can quickly sell their goods and customers may choose and buy goods. Third, Information and Communications Technology (ICT) users for MSMEs increased compared to the previous year and encompassed 70 percent of the total MSMEs. The research contribution can help to solve the problems faced by government, business and society by decreasing economic risk.