Innovation, Competitive Strategy and Msme Performance: A Survey Study on Culinary Smes in Indonesia During the Covid-19 Pandemic

Pusung, Cancelyn Shearin; Narsa, Niluh Putu Dian Rosalina Handayani; Wardhaningrum, Oktaviani Ari

doi:10.3846/btp.2023.16676

Cited by 8 publications

(3 citation statements)

References 48 publications

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“…Government-led technological adaptation coupled with financial support has emerged as a key driver of sustainable MSME performance during the pandemic (Kurniawan et al, 2023). Although the Covid-19 pandemic has cast a negative shadow on MSMEs performance in Indonesia, innovation is posited as a significant mediator (Absah et al, 2023;Pusung et al, 2023;Srinita & Saputra, 2023;Sudjatmoko et al, 2023).…”

Section: Resultsmentioning

confidence: 99%

Islamic Finance Practices in Micro, Small, and Medium Enterprises in Indonesia: A Systematic Literature Review

Hartanto,

Suparyanto,

Azwar

2023

Millah J. Rel. Stud.

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This study analyzes Islamic finance practices in micro, small, and medium enterprises (MSMEs) in Indonesia from an Islamic economics perspective. This study employed a systematic literature review method following the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA). The main data source was written material that analyzed the impact of Islamic finance practices on MSMEs in Indonesia. The findings demonstrate that Islamic finance practices positively influence the growth of MSMEs in Indonesia. This study indicates that Islamic finance practices have substantial potential for enhancing the well-being of MSMEs in the country. Noteworthy growth factors for MSMEs encompass Islamic business and economic ethics, innovation, and ethical and moral considerations. Islamic finance practices are a promising option for Indonesian MSMEs to enhance their business growth. Therefore, adopting Islamic finance practices can contribute to improving business performance and fostering MSMEs' growth. Future research may involve empirical studies to gain a more comprehensive understanding of Islamic finance practices in Indonesian MSMEs.

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Section: Resultsmentioning

confidence: 99%

Islamic Finance Practices in Micro, Small, and Medium Enterprises in Indonesia: A Systematic Literature Review

Hartanto,

Suparyanto,

Azwar

2023

Millah J. Rel. Stud.

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“…Companies have a competitive advantage when actions in an industry or market create economic value and when several competing companies engage in similar actions (Akpan et al, 2022;El Chaarani et al, 2022;Pusung et al, 2023;Aljumah et al, 2022). If a company chooses the right strategy to analyse the market, it can easily create a competitive advantage.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Market Orientation on Marketing Performance: Exploring the Moderating Role of Competitive Advantage

Dahmiri,

Junaidi,

Johannes

et al. 2024

Business: Theory and Practice

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This research analyses the influence of market orientation and competitive advantage on MSMEs’ marketing performance, with competitive advantage as a moderating variable. The research methodology employs path analysis using Smart PLS software version 4.0 and involves 397 MSME owners in Jambi City, Jambi Province, Indonesia. The analysis results indicate that market orientation and competitive advantage significantly influence MSME marketing performance. Additionally, competitive advantage moderates, strengthening the relationship between market orientation and marketing performance. These findings have practical implications for MSME owners, suggesting that focusing on developing market orientation and competitive advantage can enhance their marketing performance. Furthermore, this study contributes to the theoretical understanding of factors influencing MSMEs marketing performance and encourages further research on elements that most impact competitive advantage. It also provides recommendations for policymakers to support enhancing MSME marketing performance through various supportive policies. However, this research has limitations, such as the lack of specific elements of market orientation with significant impacts and a need to better understand the moderation mechanism between market orientation and marketing performance through competitive advantage, which could be subjects of future research.

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“…MSME performance and the practice of distinguishing oneself through product originality. The differentiation strategy exhibited the most robust correlation with the MSMEs performance(Pusung et al, 2023).…”

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confidence: 99%

Revitalizing Msmes : An Examination of Business Strategy, Innovation and Accounting Information Systems for Improved Performance

Ashsifa,

Hidayanti,

Mukhlisin

2023

JIMEA

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Micro, small, and medium enterprises (MSMEs) are essential for economic growth globally. However, they often face problems like unclear business plans, a lack of innovation, outdated accounting systems, and difficulty adapting to changes in the business world. These challenges lead to poor financial management and limited access to the right financial information. To overcome these problems, it’s important for MSMEs to create clear business strategies, encourage innovation, improve their accounting systems, and become more adaptable to changes. As a result, MSMEs will perform better and contribute more to the local economy. This study examines the effect of business strategy, innovation, and accounting information systems on MSME performance in Kudus Regency, using a sample of 391. The results showed that business strategy, innovation, and accounting information systems partially positively affected the MSME performance. Innovation, as a moderation variable, is able to strengthen the effect of business strategy on MSME performance. However, the results also show that accounting information systems have not been able to moderate the effect of business strategies on MSME performance. This research provides valuable insights for MSMEs, highlighting the importance of developing and executing suitable business strategies, promoting innovations, and establishing effective accounting information systems to improve performance.

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Innovation, Competitive Strategy and Msme Performance: A Survey Study on Culinary Smes in Indonesia During the Covid-19 Pandemic

Cited by 8 publications

References 48 publications

Islamic Finance Practices in Micro, Small, and Medium Enterprises in Indonesia: A Systematic Literature Review

Islamic Finance Practices in Micro, Small, and Medium Enterprises in Indonesia: A Systematic Literature Review

The Impact of Market Orientation on Marketing Performance: Exploring the Moderating Role of Competitive Advantage

Revitalizing Msmes : An Examination of Business Strategy, Innovation and Accounting Information Systems for Improved Performance

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