The national economic outlook during Covid-19: government and SMEs strategies to cope with the outbreak

Sulistiani, Dwi ORCID: https://orcid.org/0000-0002-7921-1913 and Wahidmurni, Wahidmurni (2022) The national economic outlook during Covid-19: government and SMEs strategies to cope with the outbreak. Presented at International Conference on Engineering, Technology, and Social Sciences (ICONETOS), 2 Nov 2022, Malang, Indonesia.

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Abstract

This study aims to provide on how SMEs (Small and Medium Enterprises) in Indonesia benefit the stimulus program of Government during the Pandemic of Covid-19 and to set a strategy to face the hard situation. It employs a qualitative approach. Data were collected by semi-structured interviews with 20 owners of SMEs in Indonesia. The official document policy of the Government were analyzed by interpreting the policy. The result suggested that the Government issued three policies: Government Regulations, Presidential Regulations, and Presidential Instruction. Government also released five points of SME stimulus, protection, and recovery programs. The response and strategy of SMEs towards the policies and programs are diverse. Some can take the most of it, such as social security programs like cash transfers and pre-employment cards, which are mostly taken by micro-businesses. At the same time, tax incentives and credit relaxation are commonly benefited by small businesses. However, the stimulus program is perceived to help SMEs in the short term, but not in the long term. SMEs have to find a special strategy to survive and compete during the Pandemic through technology and innovation in terms of product, process, and management. The Government can further evaluate the existing programs and provide an appropriate practical solution to SMEs, so the assistance for SMEs is right on target. This research contributes theory, especially regarding the company's strategy during the pandemic. Practically, the results of this study can be used as a basis for the government in making policies and for companies in choosing the best strategy during the pandemic.

Item Type:	Conference (Paper)
Additional Information:	program book
Keywords:	SMEs strategy; Economic regulation; technology; innovation; COVID-19
Subjects:	14 ECONOMICS > 1402 Applied Economics > 140218 Urban and Regional Economics 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1503 Business and Management > 150304 Entrepreneurship 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1503 Business and Management > 150314 Small Business Management
Divisions:	Faculty of Tarbiyah and Teaching Training > Department of Social Science Education
Depositing User:	MSA,Ak,CA Dwi Sulistiani
Date Deposited:	27 Apr 2023 19:13

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