The important role of small and medium enterprises (SMEs) in the economy requires SMEs to achieve business sustainability. The sustainability of SMEs can be achieved with assistance and guidance from external parties, both government and private, through corporate social responsibility (CSR) programs. This study investigates the mediating role of competitive advantage in the relationship between CSR programs and sustainability. The population of this study comprised SME owners who participated in CSR assistance programs offered by either state-owned enterprises or the private sector. This study collected quantitative data from 110 SMEs in East Java, located in the Malang, Probolinggo, Mojokerto, Kediri, and Blitar regions. Using structural equation modeling (SEM), the result was that companies or governments that provide CSR program assistance to SMEs contribute to an increase in SMEs' competitive advantage and business sustainability. Competitive advantage mediates the relationship between CSR programs and SME business sustainability. For companies or governments, providing CSR programs to SMEs requires mentoring models and CSR programs that focus on providing training to increase product innovation by creating unique products not easily imitated by competitors while maintaining competitive quality and prices. In addition, there is a need for training to increase SMEs’ understanding of compliance with legal standards in business management, the importance of establishing a comprehensive code of ethics in business management, and the role of SMEs’ contribution to charity so that business sustainability can continue to be pursued.
Purpose: SMEs have been shown in various previous studies to contribute significantly to GDP and survive in different economic conditions. However, entrepreneurs must possess key competencies to be competitive and stay in the long run. This paper aims to describe the role of entrepreneurial competencies in SMEs success through a literature review. Theoretical framework: This study provides a summary of the literature on entrepreneurial competence topics which include knowledge, attitudes and skills which are the basis for effective business performance, potential for success in work, creating a business environment to increase entrepreneurial will. The important role of entrepreneurial competence is part of the literature review providing a strong basis for further research Desain/metodologi/approach: By conducting a literature review and analyzing empirical data, we seek to deepen our understanding of entrepreneurial competence and identify its key role in the success of SMEs. Finding: Our findings suggest that entrepreneurial competencies, including business skills, management, human relations, conceptual understanding, and attitude, are crucial to the success of SMEs. Developing these competencies can lead to more competitive and sustainable SMEs businesses, ultimately contributing to national economic growth. Research, Practical & Social implications: This study contributes to a better understanding of the important role of entrepreneurial competence in achieving maximum performance in an effort to develop entrepreneurial attitudes and behavior skills which form the basis of economic growth and become the main competence for developing employability in society. Originality/value: The added value of this study serves as a guide on how important the role of entrepreneurial competence is in achieving entrepreneurial success. Continuous improvement of entrepreneurial competence in business is urgently needed to achieve maximum performance for SMEs in Indonesia so that they can grow and develop as pillars of economic growth.
Purpose: The aim of this study is to examine Digital technology can be used to streamline business transactions, saving money and time. For example, if a company has branches in several cities, it is no longer a problem to transfer any transaction fields. Theoretical framework: There are challenges for MSMEs players who need to go digital, so they need to make adjustments to these problems. This obstacle forces MSMEs actors to change their business model to a fully digital form. Methodology: The research is the bibliometric. Data collection technique is to combine various research sources related to branchless banking as MSME empowerment and then narrow it down to find innovation. The subject of this research is MSMEs in Indonesia that use Seabank as a promotion method and transaction system. The analysis technique used is Vosviewer. Findings: The results of this study are that Sea Bank is a banking service that prioritizes customer experience and business value to create a sales value chain to create connections between business models that will continue to grow. Then as a branchless banking-based digital bank. Sea Bank is a financial services company focused on customer experience and enterprise value to transform value chains and create links across business development models. Research, Practical & Social implications: The is Bank Digital, Sea Bank is service banking Which prioritize experience customer And mark from business, so that can become chain mark For intertwine linkages between model business Which will Keep going develop. Then, as Bank Digital, Sea Bank is service finance Which focus on experience customer And mark company For transformed become value chains And create connection between model business Which develop. Originality/value: The Value there are many studies that discuss digital transformation but we believe that the value of this research lies in the novelty of the awareness of MSMEs actors to increase its promotion by using the Brachless Banking Digital Bank, so that this topic can make it interesting.
Purpose: This study aims to know IKM performance achieved from variable supporters including financial technology, financial literacy, and financial attitude, which is mediated by financial inclusion and self- efficacy. Theoretical framework: SMIs have an important role for local government and society in general. SMEs are one of the main contributors to creating jobs at the local level. By generating a diversification of economic activities, SMEs provide employment opportunities for the population, reduce the unemployment rate, and increase the economic welfare of the community. Design/Methodology/Approach: Research This use a sample of 335 attempts in Small Medium Industry (SMI) from 2581 businesses small town in Malang , Indonesia . The data analysis technique is Structural Equation Model (SEM) -SMART-PLS with outer model measurements obtained the loading factor value of each indicator. Findings: Research this results in direct and indirect influences between variables where Fintech has a direct influence on financial performance, financial inclusion and self-efficacy. Likewise, fintech has an indirect effect on SMI performance mediated by financial inclusion, while fintech has an indirect effect on SMI performance mediated by self-efficacy. Financial literacy has a direct effect on self-efficacy but does not have a direct effect on IKM performance mediated by financial inclusion, similarly financial literacy does not have a direct effect on SMI performance which is mediated by financial inclusion and self-efficacy. Financial attitude has a positive and significant direct effect on SME performance, financial inclusion and self-efficacy. Likewise, financial attitudes have an indirect effect on IKM performance which is mediated by financial inclusion, but financial attitudes do not have an indirect effect on SMI performance which is mediated by self-efficacy. Research, Practical & Social implications: This research is expected can give benefit for internal SMIs increase performance business, because IKM has an important role for local governments and society in general. Originality/value: This research explores SMIs which are one of the main contributors in creating employment opportunities at the local level. By generating a diversification of economic activities, SMEs provide employment opportunities for the population, reduce the unemployment rate, and increase the economic welfare of the community.
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