Facing post COVID-19 era, what is really important for Ecuadorian SMEs?

Abstract

Small and medium-sized enterprises (SMEs) have to face the time post COVID-19. The pandemic impacted the SMEs with great force worsening the well-known situation of lack of resources and its tendency to disappear in the very early years of existence. This systemic crisis jeopardizes SMEs in many ways and it is necessary to find ways to emerge and survive from this crisis. This manuscript conducts a literature study on more than 100 manuscripts that present recommendations from McKinsey & Company for SMEs to face post-pandemic time. Through the application of the entropy-weight coefficient method this paper finds priorities from Ecuadorian SMEs out of essential elements proposed at the literature review, to introducing at the managing process to face post COVID-19 era.

Sistem Informasi Geografis Umkm Bahan Makanan Dan Pangan Bagi Masyarakat Dalam Menghadapi New Normal

“…Ekonomi global berhenti pada bulan Maret hingga Juni dan hal ini belum pernah terjadi sebelumnya (Kuckertz et al 2020). Virus ini kenyataannya dapat mengancam perekonomian dunia dan tentu saja membahayakan sebagian besar sistem yang ada (García-Vidal et al 2020)…”

Peruvian Small and Medium-Sized Enterprises in Times of Crisis—Or What Is Happening over Time?

“…Perspectives of economics and politics seem to dominate. Exemptions are the study by Parnell [52] that investigated the link between crisis concerns and business strategy in Peru, Mexico, and the United States; while in a more recent study, Garcia-Vidal et al [53] suggest priorities and recommendations for Ecuadorian SMEs to face the post COVID-19 era, i.e., empowering owner-managers and employees with the skills to manage data and technology in new ways and setting up multiple business scenarios for more flexibility and agility in the planning process.…”

Multi-criteria decision-making model for supporting manufacturing settlements location in Africa after COVID-19

“…This is even more true for the small and medium-sized enterprises (SMEs), which already had a heavy situation before the pandemic, mainly due to the lack of resources. 46…”

“…This is even more true for the small and medium-sized enterprises (SMEs), which already had a heavy situation before the pandemic, mainly due to the lack of resources. 46 Moreover, COVID-19 has strongly impacted the workforce's professional condition, which is currently receiving 70%-80% of salary due to new scheduling. Here, a clear understanding of the pandemic's short-and long-term implications is highly recommended to perform a reasonable risk assessment.…”