Social entrepreneurs encourage innovation and social transformation in various fields, including education, health, the environment, and business development. Social entrepreneurs pursued the goal of poverty alleviation, in the spirit of entrepreneurship, method of business, and courage to innovate and address traditional practices. Entrepreneurial ecosystem, consisting of social policy characteristics such as geography, market share, human resources, cultural factors, and the support of the surrounding community’s social or financial income. The efforts to build an ecosystem are important because there is no certainty or benefit identification for social entrepreneurs. The major obstacle for social entrepreneurs, continuity, is how the existing initiatives can survive and inspire innovation to develop the country. The method used is descriptive qualitative. The research findings showed the social entrepreneur's seventh ecosystem: policy, financial problems, support, Human resources, market empowerment strategy, social network, and geographical location. From this, three creative innovations for scaling up emerged, namely having a more senior mentor, building an organization with partnerships to develop empowerment, and building collaboration with other organizational platforms.
Micro, small and medium enterprises (MSMEs), especially in the creative economy sector in Wajo Regency, have been impacted by the COVID-19 pandemic that has lasted for over a year. This study aimed to examine how MSME actors can create a new market space while maintaining valuable buyers and being able to determine prices that can compete with others. Based on this, the research team attempted to uncover a model of an MSME-led recovery strategy for the creative economy sector during the COVID-19 pandemic, with a focus on woven fabrics. The researchers analyzed the strengths and weaknesses of the industry and the opportunities and threats. Descriptive qualitative methods were used. The recovery strategy was evaluated using the five-carrier analysis method and SWOT analysis. According to the Porter’s Five Forces Analysis, the COVID-19 pandemic did not fundamentally impact the entire silk fabric industry in Sengkang, but it did impact people buying the product. In addition, the results showed that artisans aggressively promoted silk fabrics with an emphasis on a market size strategy. The strategic direction provided a competitive advantage to the Sengkang silk industry, especially in the different promotions in the market space. Keywords: recovery strategy, MSMEs, Sengkang silk industry, creative economic
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.