Policy related factors affecting the survival and development of SMEs in the context of Covid 19 pandemic

Le, Hoang Ba Huyen; Nguyen, Thi Loan; Thanh, Ngo Chi; Pham, Thi Bich Thu; Le, Thi Binh

doi:10.5267/j.msl.2020.6.025

Cited by 51 publications

(64 citation statements)

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“…The different types of strategies included a formal crisis management plan, strategies to survive and thrive after the outbreak, and differentiation of some of these strategies based on firm size were discussed [13]. The factors that can enhance the survival of SMEs during and post-COVID were also part of this first group [5,6,16,32]. Following the guidance issued by WHO (2017) to conduct rapid reviews, this paper reports on review based on a rapid evaluation to provide stakeholders (including policymakers) timely recommendation.…”

Section: Methodsmentioning

confidence: 99%

“…Strategic responses from developed and developing economies have started to emerge as part of packages to address SMEs' finance-related challenges in the wake of COVID-19. In the context of developing economies, e.g., Alves et al [14] examined how SMEs have survived in Macau, whereas Ba et al [5] studied the financial policies needed to do so in Vietnam. In Nigeria, Fitriasari [8] developed a framework for SMEs to cope with the COVID-19 finance challenge, whereas Gerald et al [1] examined how SMEs can develop strategic foresight for surviving the crisis.…”

Section: Background Of the Literaturementioning

confidence: 99%

“…Regulatory agencies should work with the businesses, and vice versa, in a collaborative manner and keep the bureaucratic and thus administrative costs to a minimum. For the current environment where SMEs are working amidst and post-COVID-19 period, the exemplar suggested by [5], centre around Thanh Hoa province of Vietnam, can be followed. This policy model incorporates factors from all governmental levels and acts to build SMEs endurance and growth.…”

Section: Collaborationmentioning

confidence: 99%

“…Some early studies highlighted the need for SMEs to be dynamic if they are to resolve the COVID-19 crisis, without actually showing the aspects wherein such dynamism might help. For instance, Ba et al [5] highlighted the challenges faced by such enterprises but falls short on providing a set of recommendations that can help them survive and develop during and post-COVID- 19.…”

Section: Introductionmentioning

confidence: 99%

“…The key challenges are presented in Section 4 and the findings in Section 5. The latter consist of five (5) recommendations that should help SMEs to identify what their key challenges are and, importantly, how these can be addressed. The conclusion and future research directions are considered in Section 6.…”

Section: Introductionmentioning

confidence: 99%

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From Challenges to Creativity: Enhancing SMEs’ Resilience in the Context of COVID-19

et al. 2021

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COVID-19 pandemic has brought significant and multiple challenges for SMEs. While SMEs have traditionally faced financial and non-financial crises, the pandemic has brought about additional uncertainties on how to maintain business continuity. The purpose of this paper is to examine how SMEs can mitigate against COVID-19-related crisis by examining the impacts that the pandemic has had on them through a review of 34 articles. The thematic analysis from the literature covered three overarching and inter-related challenges including (i) cost and finance-related challenges, (ii) disruption of activities, and (iii) existential difficulties. The paper’s value lies in addressing the gap between the espoused literature’s claim of the beneficial impact of new technological advancements and SMEs’ ability to survive in the context of the COVID-19 pandemic. The additional value of this paper is a framework of recommendations to help enhance SMEs’ resilience and responsiveness in the context of COVID-19. These recommendations include collaboration, openness, taking advantage of opportunities/victory, and durability.

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Section: Methodsmentioning

confidence: 99%

Section: Background Of the Literaturementioning

confidence: 99%

Section: Collaborationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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From Challenges to Creativity: Enhancing SMEs’ Resilience in the Context of COVID-19

et al. 2021

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Policy capacity during COVID‐19 in Asia: A systematic literature review

Mardiyanta

Wijaya

2022

Journal of Public Affairs

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COVID‐19 has revealed the policy capacity of some governance institutions, both resilience and vulnerability. Hence, this circumstance has demanded public administration scholars and practitioners to rethink the existing governance practices, particularly in making effective crisis‐related policies. This paper reviewed primary and secondary studies exploring the application of policy capacity competencies in facilitating COVID‐19 handling in Asia. In achieving so, we did a systematic literature review of relevant studies published between January and October 2020. Applying the agreed search term to several databases, we found 2541 studies, while merely 30 were included for review. Findings from the studies are predominantly closely linked to operational capacity ( n = 21). Other studies are related to political and analytical capacity ( n = 14 and 7, retrospectively). We found that there are some dilemmas and inadequacy of understanding concerning the role of features in certain capacities (such as technology use versus individual privacy, the paradox of trust and legitimacy, or centralisation versus decentralisation), particularly in the time of crisis, which is a calling for future research.

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