Abstract:The rapid spread of the COVID-19 virus to various parts of the world has an impact on the world economy, both in terms of trade, tourism and investment. Small and Medium Enterprises (MSMEs) have felt the significant impact of Covid 19. The batik industry is also affected because it involves imported raw materials, although there are some batik industries that can escape the hustle and bustle of the impact of COVID-19 and are able to experience business growth. This study will analyze the business growth of bat… Show more
“…The application of SBMI is an innovation that creates a positive impact on businesses by reducing negative impacts on the environment and society through changing the ways organizations operate and creating value. The COVID-19 pandemic has pushed SMEs to compete for new opportunities to survive (Rachmawati et al , 2022; Scheepers and Bogie, 2020). In addition to aggressively following trends, many SME actors are trying to create the latest innovations.…”
Purpose
This study aims to analyze the internal and external factors of the acceptance of small and medium enterprises (SMEs) to implemented sustainable business model innovations (SBMI) that depend on external factors, dynamic performance expectancy, facilitating conditions, social influence, effort expectancy, hedonic motivation and factor internal speed.
Design/methodology/approach
This is a quantitative method research project conducted through a survey of SMEs in Semarang, Central Java, from February to June 2021. SMEs that have been operated to sustainable business were chosen purposively as samples. Based on the requirement, there are 220 entities used in this study. Data analysis was conducted by using Structural Equation Model.
Findings
The results of this study provide empirical support that the factors studied affect the acceptance of SME business actors toward the implementation of SBMI. The application of this SBMI is used to design and implement a sustainable business model for SME businesses. This study has identified, explained and empirically supported the behavioral structures (composites and factors) that influence the adoption of SBMIs that are commonly available for business modeling.
Research limitations/implications
The main limitation of this research is the static view of the structure (construction) that influences the use or application of SBMI by SME actors which often changes over time, experience and failure.
Originality/value
This study supports the execution of sustainable innovation initiatives that have yet to be investigated at the strategic, operational and tactical levels. This is especially true when beginning a firm, because entrepreneurs encounter uncertainty while putting their plans into action at one of three levels: strategic, operational or tactical.
“…The application of SBMI is an innovation that creates a positive impact on businesses by reducing negative impacts on the environment and society through changing the ways organizations operate and creating value. The COVID-19 pandemic has pushed SMEs to compete for new opportunities to survive (Rachmawati et al , 2022; Scheepers and Bogie, 2020). In addition to aggressively following trends, many SME actors are trying to create the latest innovations.…”
Purpose
This study aims to analyze the internal and external factors of the acceptance of small and medium enterprises (SMEs) to implemented sustainable business model innovations (SBMI) that depend on external factors, dynamic performance expectancy, facilitating conditions, social influence, effort expectancy, hedonic motivation and factor internal speed.
Design/methodology/approach
This is a quantitative method research project conducted through a survey of SMEs in Semarang, Central Java, from February to June 2021. SMEs that have been operated to sustainable business were chosen purposively as samples. Based on the requirement, there are 220 entities used in this study. Data analysis was conducted by using Structural Equation Model.
Findings
The results of this study provide empirical support that the factors studied affect the acceptance of SME business actors toward the implementation of SBMI. The application of this SBMI is used to design and implement a sustainable business model for SME businesses. This study has identified, explained and empirically supported the behavioral structures (composites and factors) that influence the adoption of SBMIs that are commonly available for business modeling.
Research limitations/implications
The main limitation of this research is the static view of the structure (construction) that influences the use or application of SBMI by SME actors which often changes over time, experience and failure.
Originality/value
This study supports the execution of sustainable innovation initiatives that have yet to be investigated at the strategic, operational and tactical levels. This is especially true when beginning a firm, because entrepreneurs encounter uncertainty while putting their plans into action at one of three levels: strategic, operational or tactical.
“…(2) Market loss and supply chain disruption. (3) The economic impact of companies on the market in an economy [13]. Due to insufficient distribution and manufacturing, 90% of micro and small enterprises had to file for bankruptcy [14].…”
This research explores the development trend of the informal economy after the Covid-19 pandemic and the ways to avoid the increase informal economy. The paper discusses the development process of the informal economy, the difficulties it faces, and the causes of its emergence. Based on the detailed analysis of the current situation of informal economy and its possible impact on society, this paper points out that solutions should be implemented from the perspectives of government, enterprises and individuals, which prevent the informal economy from growing at an uncontrollable rate. For example, once the government’s five insurance policies are formulated and laws and regulations are publicized; And the way enterprises treat new technical talents have affected the informal economy to some extent. The research of this paper will increase the understanding and attention of the society to the informal economy. Providing some substantial improvement strategies for the current informal economic system will help more people benefit from the regulated economic system.
“…Batik exports in 2020 were recorded at US$ 532.7 million, a decrease of 31.3%, with a batik volume of 23.1 million tons, a decrease of 28.8% from the previous year. Rachmawati et al (2022) conducted a study on Pekalongan batik SMEs. They found several obstacles during the COVID-19 pandemic, including reduced consumer demand, lack of professional assistance, obstacles to business financial management and motivational constraints always to be consistent in entrepreneurship.…”
Section: Introductionmentioning
confidence: 99%
“…Batik exports in 2020 were recorded at US$ 532.7 million, a decrease of 31.3%, with a batik volume of 23.1 million tons, a decrease of 28.8% from the previous year. Rachmawati et al. (2022) conducted a study on Pekalongan batik SMEs.…”
PurposeBatik is a craft in the creative industry, which is the identity of the Indonesian nation. One of the main batik tourism areas in Indonesia is Trusmi, and women entrepreneurs have a strategic role in developing the batik craft industry in the region. The batik industry faced various challenges during coronavirus disease 2019 (COVID-19). Therefore, this study aims to explore the impact and identify strategic options during the COVID-19 period on batik businesses owned by women entrepreneurs in the Trusmi area.Design/methodology/approachThis study uses a qualitative case study method by interviewing ten batik women entrepreneurs in the Trusmi area.FindingsThis study elaborates findings about the impact of COVID-19, the technology role, collaboration, the government role and strategic options.Originality/valueThis study provides academic and practical implications, which are discussed further about the role of the craft industry in dealing with economic and social turmoil.
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