Sustainability Of SMEs Research Articles

Sustainability of Small and Medium Enterprises of Banana Processed Products Based on Economic, Social and Environmental Impacts

Abstract This study aimed to study the sustainability of SMEs of banana processing products based on economic, social, and environmental impacts using the Triple Bottom Line concept. This study used a case study approach; the number of respondents was 160 from Mekarsari SMEs. The results show that all processed banana products are feasible because the R/C ratio value is more than 1. The added value produced by the four products is high because the added value ratio of the four products is above 40%. Business sustainability is assessed from the Triple Bottom Line aspect. The economic aspect has shown the sustainability of its business economically, as seen from the increase in sales. The social aspect of Mekarsari SMEs can create new jobs by empowering the community. The environmental aspect shows that Mekarsari SMEs can produce innovations by managing their product waste. The banana processing products in the Mekarsari SMEs are sustainable based on economic, social, and environmental aspects.

Supply Chain Management Resilience: How It Works To The Sustainability of Culinary SMEs Through Decade

Supply Chain Management Resilience: How It Works To The Sustainability of Culinary SMEs Through Decade

Entrepreneurial orientation and funding decisions on the financial performance of small and medium industries

Small and Medium Industries play an important role in relation to economic growth in Asian countries. The empowerment of SMEs is very strategic because of its great potential in driving economic activities, as well as being a source of income in improving community welfare (Sum, et al, 2004). To explore the factors affecting the sustainability of SMEs, the study conducted a systematic literature review of relevant articles published between 2015 and 2023, focusing on entrepreneurial orientation and financial performance. The findings of this study reveal that the ability of a company's entrepreneurial orientation has a significant influence on financial performance. Companies with a high level of entrepreneurial orientation tend to innovate products consistently, dare to consider business risks, and act proactively against possible environmental changes. Companies with a high level of entrepreneurial orientation are always trying to find new opportunities and strengthen their competitive position in carrying out business activities in the market. Moreover, it emphasizes that the development of the concept of entrepreneurial orientation is indispensable in SMEs. This is important because the personal attributes of the owners that make up the entrepreneurial orientation have a strong influence on financial performance. The dimensions of entrepreneurial orientation can be reflected in attitudes and behaviors, such as autonomy, risk, innovation, and aggressive competition by placing personal attributes on business owners. Here, entrepreneurial orientation is directly related and has a strong impact in encouraging companies to perform better.

SMEs, Sustainability, and Capital Budgeting

This applied analysis addresses issues and concepts of capital budgeting for sustainability-related projects by SMEs. It reviews literature on SME characteristics, sustainability for SMEs, and capital budgeting for investments in sustainability-related projects. A discussion of the implications of capital budgeting for sustainability-related projects by SME managers, policy makers, and future research is included.

MODEL OF SUSTAINABILITY OF SMES IN V4 COUNTRIES

The research’s objective was to develop a thorough model of the viability of SMEs in the V4 countries based on predetermined variables. The following factors were defined: human resources management, business ethics, corporate social responsibility, company digitalisation, environmental considerations, financial management, and sustainability of SMEs. The model was developed on the solid empirical research carried out in the Visegrad Four countries in June 2022 by the renowned external agency MNFORCE using a sample of 1,398 respondents and the “Computer Assisted Web Interviewing” technique. According to the research, the developed complex model of SMEs’ sustainability depending on the listed criteria is statistically significant. Each investigated factor has a favourable impact on SMEs’ sustainability. The study’s findings supported the notion that the environmental aspects of the business have the strongest positive impact on the long-term sustainability of SMEs. The study’s findings indicate that the management of human resources, finances, and the degree of digitalisation of SMEs significantly influence the viability of businesses. The findings provide an important platform for managers responsible for the sustainability of the SME segment at the worldwide level (International council for small business), national level (particularly for V4 nations), as well as institutions supporting SMEs and SME owners.

Analysis of the Interconnection between Digital Skills of Human Resources in SMEs and the Success of Digital Business Strategy Implementation

The advancement of information technology has transformed the way SMEs operate, from marketing aspects to inventory management. Digital business opens up new opportunities for SMEs but also demands new skills from human resources to keep up with these developments. The objective of this research is to analyze the interconnection between the digital skills of human resources in SMEs and the success of implementing digital business strategies. This research method focuses on qualitative literature review using Google Scholar as the data source, especially for articles published between 2021 and 2024. The study results indicate that the role of human resources in an increasingly digital business world is crucial. The digital skills possessed by human resources not only affect the effectiveness of implementing digital business strategies but also impact the competitiveness and sustainability of SMEs in the constantly changing market. A deep understanding of the market, creativity in innovation, and adaptability are important factors in ensuring business success in this digital era.

Optimalisasi UMKM Melalui Edukasi Branding dan Inovasi Packaging di Desa Bandardawung

Marketing strategies by optimizing branding and packaging are necessary because packaging not only functions as a storage container but can also attract more consumers. This community service aims to give awareness of the importance of product branding and introduce packaging innovations that can be implemented by business owners. This research method uses qualitative methods with observation and interviews as data collection techniques. The results showed that training on branding and packaging innovation succeeded in enhancing product packaging skills and increase understanding of the importance of branding in marketing products. In addition, improvements in branding and packaging are expected to increase product sales, empower the local economy, and improve the sustainability of SMEs in Bandardawung Village.

Management of Strategic Risks for the Sustainability of SMEs in the Manufacturing Sector in Antioquia

Management of Strategic Risks for the Sustainability of SMEs in the Manufacturing Sector in Antioquia

The Impact of E-Business Technologies and Social Media Marketing on Indonesian SMEs Sustainability

Objectives: As a result of the COVID-19 pandemic, many MSMEs in Indonesia have experienced losses and some have even gone bankrupt. To try to keep their business running, MSMEs must carry out digital transformation, including by selling their merchandise via the internet, using social media such as Instagram and Facebook, as well as online markets including Tokopedia, Shopee, Bukalapak, Blibli, and Lazada. By using the internet for business, it is necessary to know the role of e-business technology and social media marketing. Therefore, this research examines how perceived usefulness, perceived ease of use, and digital transformation influence the sustainability of SMEs through e-business technology and social media marketing.Methodology: This research uses quantitative methods with a type of causal research. The population in this study were members of the CUP Bestari UKM community, numbering around 600 SMEs. To determine the sample size, the convenience sampling method was used, the sampling process was from the population closest and easiest to reach for researchers, taken from members of the CUP Bestari SMEs participating in the November 2021 bazaar at the Periuk District Hall, Tangerang City, totaling 108 samples. Primary data collection was carried out using a questionnaire by sending a Google Forms link to members of the UKM CUP Bestari community via WhatsApp. Then the data was analyzed using partial square rent structural equation modeling techniques. Finding: As a result, perceived usefulness and perceived ease of use have a significant influence on e-business technology. Perceived ease of use significantly affects social media marketing, perceived usefulness does not affect social media marketing. In addition, e-business technology significantly influences SMEs' sustainability, and e-business technology also influences SMEs' sustainability. Perceived usefulness and perceived ease of use influence SME sustainability both through e-business technology and through social media marketing. Meanwhile, digital transformation does not influence social media marketing both direct and indirect through social media marketing as a mediator.Conclusion: SME sustainability is influenced by factors of perceived usefulness, and perceived ease of use with e-business technology, and social media marketing as mediating variables. Another factor, namely digital transformation does not influence social media marketing both directly and indirectly through social media marketing as a mediator. In future research, it is recommended to use digital transformation as a variable that moderates the achievement of SME sustainability.

Business continuity of culinary SMEs: Empirical study of personal branding, corporate branding, open innovation, and competitive advantage

This study aims to uncover the interaction of intangible resources in personal branding, corporate branding, and open innovation in shaping the competitive advantage and sustainability of culinary SMEs in developing countries. Financial moderation is a moderation variable in the relationship between competitive advantage and business continuity. Using a quantitative approach involving 216 respondents, this study with SEM PLS analysis has produced empirical information that knowledge and branding resources (personal and corporate) have convincingly influenced the formation of competitive advantage and business continuity. This study reinforces resource-based theory and practically becomes a strategic consideration for stakeholders related to culinary SMEs in maintaining their existence in a competitive dynamic.

So … are family firms more sustainable? On the economic, social and environmental sustainability of family SMEs

AbstractIn this work, we address the conflicting results that appear in the literature regarding whether family firms are more or less sustainable than nonfamily firms in each of the three dimensions, by focusing on the group that has been largely disregarded: small‐ and medium‐sized family firms (family SMEs). We set a number of hypotheses, which we test in a sample of Spanish manufacturing firms in the food and beverages sector, using structural equation modelling. We conclude that competing arguments coexist both in favour and against these firms being more or less environmentally and economically sustainable, which finally balance themselves out. However, we found out that family firms tend to take greater care of their closer stakeholders, which, together with the importance given to their social relations with external stakeholders, make them champions in terms of social sustainability. Our results show that family firms are able to be more socially sustainable without having to compromise their economic performance in the long term. Finally, as family firms are not an homogeneous group, we analyse whether our results are firm specific, taking into account the role that the number of generations that the family has run the business and the number of generations currently involved in the business exert on firm sustainability, thereby reaching at very interesting conclusions.

Do Business Growth and Technology Maximation Help SMEs Sustainability under Uncertainty?

This research is motivated by the large number of developments in digital start-ups and large digital-based companies that are starting to understand customers. This research aims to analyze Customer Journey Mapping (CJM) and examine what instruments are involved in digital-based start-up companies to finally develop a process model for CJM in digital-based start-up businesses. This study uses the qualitative case study method on digital-based start-up companies in Magelang and Yogyakarta, Indonesia by conducting in-depth interviews with 5 start-up owners/CEOs. The results of this research show that CJM has three stages that customers will go through and the company will respond to. In the form of prepurchase, purchase, and post-purchase stages, all stages simultaneously relate to creating a unique experience. For practical implication, this model can be maximized in start-up businesses to acquire loyal customers.

An Analysis of Sustainability in SMES: Current Publications and Future Directions

An Analysis of Sustainability in SMES: Current Publications and Future Directions

Investigating the influence of financial literacy and supply chain management on the financial performance and sustainability of SMEs

The aim of this research is to analyze the relationship between financial literacy and financial performance, the relationship between financial literacy and the sustainability of SMEs, the relationship between supply chain management and financial performance, the relationship between supply chain management and the sustainability of SMEs, and financial performance with the sustainability of SMEs. This research method is a quantitative survey, the research data was obtained by distributing online questionnaires to 740 SMEs owners in Indonesia. Data analysis used structural equation modeling (SEM) with SmartPLS 3.0 software tools. The stages of data analysis are validity, reliability and significance tests. The sampling technique used is non-probability sampling. The questionnaire used in this study uses the Google form, distributed to respondents. The measurement method for this questionnaire uses a Likert scale of 5, namely Strongly Disagree (STS), (2) Answers Disagree (TS), (3) Neutral Answers (N), (4) Answers Agree (S), Strongly Agree (SS). The independent variables used in this study are as follows: Financial literacy, supply chain management, the dependent variables used in this study are sustainability and financial performance. The results of this research indicate that financial literacy had a positive and significant effect on financial performance, financial literacy had a positive and significant effect on sustainability, supply chain management had a positive and significant effect on financial performance, supply chain management had a positive and significant effect on sustainability, financial performance had a positive and significant effect on sustainability. The novelty of this research is that it found a correlation model of the relationship between the variables of financial literacy, supply chain management, financial performance and sustainability in SMEs which did not exist in previous research studies.

Environmental sustainability and circular economy in SMEs: a qualitative approach from the Spanish experience

Environmental sustainability and circular economy in SMEs: a qualitative approach from the Spanish experience

MODERATING EFFECTS OF WEATHER CONDITIONS ON THE RELATIONSHIP BETWEEN ELECTRICITY SUPPLY RELIABILITY AND SME SUSTAINABILITY

This paper aims to investigate the moderating effects of weather conditions on the relationship between electricity supply reliability and SME sustainability within the context of a developing country. The method used for analysis is a hierarchical regression with the use of SPSS AMOS 24 and slope analysis. SPSS 23 was used to test the assumptions for parametric analysis. Survey data was collected from a sample of 54 owners and managers of SMEs in the Fako Division of Cameroon. Findings revealed significant positive relationships between electricity supply reliability and SME sustainability and an insignificant positive relationship between weather conditions and SME sustainability. Furthermore, the results indicated that weather conditions moderate the relationship between electricity supply reliability and SME Sustainability in the Fako Division of Cameroon. The study found that the electricity utility company of Cameroon has the daunting task of ensuring a robust electricity supply network capable of withstanding harsh weather conditions to ensure regular electricity. The implications of the findings of the study are that prevailing weather has an influence on the reliability of electricity supply, which affects the operations of businesses. Furthermore, when the business operations of SMEs are affected, the economy of the country suffers significantly. The study recommends the involvement of the government and policymakers to institute measures to ensure the obligation of the electricity utility company to maintain minimal interruptions of electricity supply. This study’s contribution to the body of knowledge is embedded in developing a theoretical model that explains electricity supply reliability in Cameroon from a weather perspective.

The Sustainability of Sharia MSMEs in the Halal Industry of Indonesia: Funding, Protection, and Sharia Principles

This study aimed to analyse the relationship between Islamic SME financing, sharia insurance protection, and the sustainability of Islamic SMEs in the East Java region, Indonesia, taking into account Sharia principles such as maisir, gharar, and riba. Within this framework, the importance of sharia-compliant financing for SMEs and asset protection as well as operations in accordance with sharia principles were emphasised as determinants of the sustainability of Islamic SMEs. This study employed a quantitative approach, sampling 244 respondents who were owners of Islamic SMEs in East Java, Indonesia. Data were collected through the Likert-scale questionnaire to measure respondents' perceptions of Islamic SME financing, sharia insurance protection, and the sustainability of Islamic SMEs. The results of data analysis were expected to reveal the relationship between financing, insurance protection, and the sustainability of Islamic SMEs, as well was identify the factors influencing this relationship. These included a better understanding of asset protection and operational aspects of Islamic SMEs and the importance of financing in line with sharia principles. This research integrated elements of financing, insurance protection, and the sustainability of Islamic SMEs within a strict sharia framework, which has not been previously widely explored. Therefore, this research contributes to knowledge in the field of Islamic economics and the development of Islamic SMEs.

A Bibliometric Analysis of Themes and Network Structures for Future Research in SMEs Sustainability

Objective: This study aims to develop an integrated model of innovation and resilience by examining previous research and identifying opportunities for future research. Design/Methods/Approach: This study interprets the bibliometric analysis report for SMEs' sustainability from 2000 to 2022 based on peer-reviewed journal articles. We used the Scopus database as it is considered to have a broader range of journals. To identify the concept of the relevant topic area, we searched for the article title, abstract, and keywords of journals using keyword combinations' SME' AND 'Sustainability'. We discovered 553 articles, which consist of 1598 authors from 260 journals. Findings: This study discover three clusters based on the bibliometric coupling analysis, which discuss the strategies for SMEs' sustainability. The strategies cover 1) sustainable innovation practice, 2) expanding the role of innovation for sustainable development (from theory to practice), and 3) Supporting SMEs to reach their sustainability. These strategies construct our integrative model for achieving SMEs' Sustainability and develop three stages: early adoption, sustainable-based growth, and full implementation. Along with the identified strategies and model, we also attempt to present two significant elements, innovation and resilience, arguing that both are complementary processes in SMEs' Sustainability. Originality/Value: This research contributes to developing key trends in SME sustainability, delivering key clusters in this topic, and providing an integrative model for sustainability implementation for SMEs. By using bibliometric analysis, such as co-occurrence network, clustering, thematic map, and visualization of state of the art, this study may bring a valuable result in developing the literature by extending the study of innovation and resilience for business sustainability. Practical/Policy implication: The model presented provides a clear process for researchers, managers, and organizations to analyze and adopt the necessary stages to achieve sustainable growth for SMEs. This model is expected to be a practical solution for SMEs to implement a sustainability strategy effectively in their business and promote a sustainable future.

Competitive Advantage As A Mediation Factor That Influences The Sustainability Of Halal SMEs

In the first quarter of 2022, only ten percent of Indonesia's food and beverage industry has received halal certification. This small percentage means this research aims to support SMEs by investigating the influence of halal certification, entrepreneurial orientation, gaining competitive advantage, and adopting business sustainability. This research is a quantitative type of explanatory research with a population of 485 SMEs in the food and beverage sector in Kendal regency. Meanwhile, the sample used purposive sampling and obtained 200 respondents from SME owners. Structural equation modelling (SEM) is used with the Smart-PLS test tool as an analysis technique. This research's findings show a positive and significant influence between halal certification and entrepreneurial orientation on competitive advantage and business sustainability. Apart from that, competitive advantage positively and significantly influences business sustainability. Competitive advantage can directly mediate the influence between entrepreneurial orientation and halal certification on business sustainability, which shows a positive and significant direction. This research makes a significant academic contribution by investigating the relationship between halal certification, entrepreneurial orientation, and competitive advantage in SME sustainability.

Role of Digital Transformation in Small and Medium Sized Enterprises SMEs Sustainability

ABSTRACT: SMEs are a major contributor to the economy of India. These small units serve as a backbone for the economy and therefore their businesses need to grow. In addition, a billion users on social media platforms are greatly influenced by the content specifically designed to attract customers. Social media marketing holds a gateway of opportunities for small businesses to generate leads, make huge profits, and even reach for an international platform for their products. While there are multiple strengths and opportunities of SMM to the SMEs, it was found that they possess some weaknesses and threats as well, and hence while some SMEs can perform better, some cannot. Because of the lack of knowledge on the functioning, utilization of SMM and lack of innovative management and knowledge, not all SMEs could adapt to these platforms and for some who had very basic knowledge about SMM but lacked in a professional sense and as a result, could not live up to their full potential. There is a need for SMEs to explore SMM as a tool for greater benefits. Workshops or training programs can be inducted by the SMEs to educate the workers about social media marketing to promote business locally as well as grow enough to build it up on an international scale too. However, through SWOT analysis and case study conducted, it can be concluded that with several SMEs operating in India and a great number of social media users, the positive impact of SMM weighs over the negative ones.