Boosting SMEs Performance in Surabaya on Post Pandemic Era

Fanny Thalia Limas

Abstract


Small and medium-sized enterprises (SMEs) are playing a major role in many country including Indonesia, the definition of SMEs under Law No.20 of 2008 are corps owned by individual or groups of people, and it’s defined by their assets and annual sales, cited from ilo.org Indonesia’s SMEs are reaching 816.000 in total, employing 97 percent of local workforce in Indonesia and contributing 27 percent of GDP and we can say that SMEs are the backbone of the economy in Indonesia. Despite the fact, many SMEs failed to sustain in this era of globalization and pandemic, cited from bbc.com there are around 30 million of SMEs were bankrupt  and closed during pandemic, hence the researcher did some research to find what are the most important factors to make SMEs sustain in this era. This study is located in Surabaya considering Surabaya as the second largest and fastest trading city with a significant SMEs growth since 2008 and high economic maneuver. Multiple linear regression was used for this study with a total 53 samples using google form as the data collection platform. Findings that all factors such customer value, transformational leadership, innovation and online marketing are significantly related to business performance. This study will accelerate SMEs growth to support indonesia economy

Keywords: SMEs, pandemic, business, performance, key factors



Full Text:

PDF

References


Afuah, A. (1998). Responding To Structural Industry Changes: A Technological Evolution Perspective. Oxford University Press, Usa, Vol.6, Issue 1, pp. 183-202.

Aghazadeh, Hashem. (2015). Strategic Marketing Management: Achieving Superior Business Performance through Intelligent Marketing Strategy. Procedia - Social and Behavioral Sciences. 207. 125-134. 10.1016/j.sbspro.2015.10.161.

Arabiun, A., Dehghan Najm immortal, A., Rezazadeh, A., & Haji Fathali, A. (2014). Investigating the effect of entrepreneurial orientation on the relationship between transformational leadership and organizational performance. Journal of Research in Educational Administration, 5(1), 56-57.

ARMSTRONG, M., 2009. ARMSTRONG'S HANDBOOK OF PERFORMANCE MANAGEMENT. 3rd ed. [SL]: KOGAN PAGE, pp.55-57.

Arshad, Azlin & Rasli, Amran & Arshad, Afiza & mohd Zain, Zahariah. (2016). Transformational Leadership and Business Performance: An Insight From Technology-based SMEs in Malaysia. 34-42. 10.15405/epsbs.2016.11.02.5.

Burns, JMG (1978). Leadership. New York: Harper & Row.

Chatterjee, S., & Kumar Kar, A. (2020). Why do small and medium enterprises use social media marketing and what is the impact: Empirical insights from India. International Journal of Information Management, 53, 102103. doi:10.1016/j.ijinfomgt.2020.1

Chuang, A., Judge, TA, & Liaw, YJ (2012). Transformational leadership and customer service: A moderated mediation model of negative affectivity and emotion regulation. European Journal of Work and Organizational Psychology, 21(1), 28–56. doi:10.1080/1359432x.2010.532911

Daragahi, Gholamreza. (2017). The impact of innovation on customer satisfaction: A study of the cosmetics producer in Tehran. International Review. 2017. 121-132. 10.5937/intrev1702121D.

Khorshid, S., & Pashazadeh, A. (2014). The effect of transformational leadership on organizational learning capabilities with respect to the mediating role of organizational intelligence, Journal of Change Management, 6(11), p.7.

Kim, AJ, & Ko, E. (2012). Do social media marketing activities enhance customer equity? An empirical study of luxury fashion brands. Journal of Business Research, 65(10), 1480–1486. doi:10.1016/j.jbusres.2011.10.014

Kotler, P. and Keller, K. (2006) Marketing Management. 12th Edition, Prentice Hall, Upper Saddle River.

Kotler, Philip & Armstrong, Gracie. (2003). Marketing: An Introduction.

https://www.ama.org/topics/digital-marketing/

Kuczmarksi, TD (2003) what is innovation? And why aren't companies doing more of it? The Journal of Consumer Marketing, 20:6, 536-541

Mahajan, G., 2020. What Is Customer Value and How Can You Create It?. Journal of Creating Value, 6(1), pp.119-121.

Nasseraldeen, Hebah & Moh'd, Al-Sharif & HO Nasereddin, Hebah. (2017). The Impact of Social Media Marketing on Customer Satisfaction through Brand Image (Field Study based on Customers of Jordan Telecommunication Companies, Applied on the Students of the Private Universities that Located in Amman Jordan). 10.13140/RG.2.2.29381.76000.

Otley, D., 1999. Performance management: a framework for management control systems research. Management Accounting Research, 10(4), pp.363-382.

Shimomura, N. (2020). Impact of covid-19 pandemic on msmes in Indonesia. IMPACT OF COVID-19 PANDEMIC ON MSMES IN INDONESIA. Retrieved October 22, 2022, from https://www.id.undp.org/content/indonesia/en/home/library/ImpactofCOVID19MSMEs.html

Tian, H., Grover, V., Zhao, J., & Jiang, Y. (2020). The differential impact of types of app innovation on customer evaluation. Information & Management, 103358. doi:10.1016/j.im.2020.103358

Tolstoy, D., Nordman, E. and Vu, U., 2021. The indirect effect of online marketing capabilities on the international performance of e-commerce SMEs. International Business Review, p.101946.

Urabe, K. (1988). Innovation and Management: International Comparison. Berlin, New York: Walter De Gruyter.

Wang, Z., & Kim, HG (2017). Can Social Media Marketing Improve Customer Relationship Capabilities and Firm Performance? Dynamic Capability Perspective. Journal of Interactive Marketing, 39, 15–26. doi:10.1016/j.intmar.2017.02.0

Williams, P., & Naumann, E. (2011). Customer satisfaction and business performance: a firm-level analysis. Journal of Services Marketing, 25(1), 20–32. doi:10.1108/08876041111107032

Woo, H., Kim, SJ, & Wang, H. (2021). Understanding the role of service innovation behavior on business customer performance and loyalty. Industrial Marketing Management, 93, 41–51. doi:10.1016/j.indmarman.2020.1

Woodruff, RB (1997) The next source for competitive advantage. Journal of the Academy of Marketing Science, 25, (2) pp. 135-158.

Yasmin, A., Tasneem, S. and Fatema, K., 2015. Effectiveness of Digital Marketing in the Challenging Age: An Empirical Study. The International Journal of Management Science and Business Administration, 1(5), pp.69-70.

Yıldız, Sebahattin & Baştürk, Faruk & Boz, lknur. (2014). The Effect of Leadership and Innovativeness on Business Performance. Procedia - Social and Behavioral Sciences. 150. 785-793. 10.1016/j.sbspro.2014.09.064.




DOI: https://doi.org/10.35308/jbkan.v7i1.7527

Refbacks

  • There are currently no refbacks.


Jurnal Bisnis dan Kajian Strategi Manajemen (JBKSM)

Editorial Office

Jurusan Manajemen, Fakultas Ekonomi, Universitas Teuku Umar

 Jl. Alue Peunyareng, Ujong Tanoh Darat, Meureubo, Kabupaten Aceh Barat, Aceh 23681, Indonesia

 jbksm@utu.ac.id

+6282165076974  l  +6285277182682

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.