Analyzing the Role of Business Resilience as SME’s Core Competence to Improve Business Performance on Pandemic Crisis: A Study on Indonesian’ SMEs

DOI

10.2991/aebmr.k.220128.036How to use a DOI?

Keywords

Business Resilience; Business Performance; SME; Pandemic Crisis

Abstract

The objective of this study is to examine the relationship between business resilience on business performance. The pandemic caused by Corona Virus Disease (Covid-19) has become an unpredictable threat for business owners and managers to sustain their business performance. Resilience has been identified as a strong determinant of a business’s performance sustainability when facing a crisis such as natural disasters or pandemic outbreaks. However, the observation of resilience from recent studies has been conducted on a unidimensional variable. This study proposed that the observation of resilience should be done in multiple dimensions, to gain more insight into how the relationship between resilience and business performance operates. We proposed a conceptual framework to achieve the objective. In addition, we add two variables that are suggested to be determinants of business performance by previous studies. 286 Indonesian Small Medium Enterprises (SME) owners and managers participate as a respondent in this study. A Partial Least Square (PLS) analysis was conducted to analyze the data collected from a self-administered questionnaire. This study found that resilience could be examined into two-dimensional observation because there is a different influence on business performance from adaptive resilience and planned resilience. Theoretical and practical implications are presented within the study.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Lilik Purwanti
AU  - Raditha Hapsari
PY  - 2022
DA  - 2022/01/28
TI  - Analyzing the Role of Business Resilience as SME’s Core Competence to Improve Business Performance on Pandemic Crisis: A Study on Indonesian’ SMEs
BT  - Proceedings of the Brawijaya International Conference on Economics, Business and Finance 2021 (BICEBF 2021)
PB  - Atlantis Press
SP  - 276
EP  - 284
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220128.036
DO  - 10.2991/aebmr.k.220128.036
ID  - Purwanti2022
ER  -