What is it about?
This study conducted a systematic review to determine the elements of the ASEAN Comprehensive Recovery Framework (ACRF) that small and medium enterprises can implement to overcome the pandemic. A literature search was used to find research studies that have examined the impact of the Covid-19 pandemic on SMEs, the initiatives that SMEs have taken to overcome the challenges of the pandemic, and the role of different stakeholders in the recovery of SMEs after the Covid-19 pandemic.
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Why is it important?
SMEs play a critical role in economic growth and development and governments must help SMEs to overcome the challenges of the Covid-19 pandemic. This study investigates some of the useful interventions that SMEs in the ASEAN region can adopt to recover from the devastating impacts of the pandemic in line with the ASEAN Comprehensive Recovery Framework (ACRF).
Perspectives
It was our privilege and honor publishing this paper to the public
MOHAMED ALSHEHHI
Read the Original
This page is a summary of: Sustainability of small and medium enterprises during COVID-19 crisis and its impacts, January 2023, American Institute of Physics,
DOI: 10.1063/5.0126823.
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Resources
Sustainability Factors for Emirati Entrepreneurs and SMEs in the UAE
The study aimed to identify the sustainability factors for Emirati entrepreneurs and small and medium enterprises in the United Arab Emirates, as well as to identify the reality of entrepreneurial projects and their contribution to the UAE economy. The researchers used the descriptive approach to achieve the study's goal. The study concluded that the most significant result is that small and medium enterprises are the main momentum of the UAE economy. These are classified as one of the most important mechanisms of strategic direction to support the production structure, especially as it represents more than 94% of the total number of companies operating in the country. The UAE is one of the most countries in the world in terms of the availability of sustainability factors for small and medium-sized entrepreneurial projects, and the country is working to employ the foundations of scientific research and modern technology to support the comprehensive and sustainable development process. It also gives entrepreneurs a wide scope of this support and enables them to acquire 21st century skills.
Pre-Start-Up Planning and Enhancement of Small and Medium Enterprises’ Operational Performance in The UAE
This rational research study assessed the association between Pre-start-up planning and Enhancement of Small and Medium Enterprises’ Operational Performance in the United Arab Emirates (UAE). The inquiry study engaged a descriptive and correlational research strategy with quantitative prototype. A sample of 104 participants were carefully chosen using a table prepared by Morgan & Kreijcie (1970). Simple random sampling and stratified random sampling strategies were used to garner data for the research study. Details were assembled using questionnaires and evaluated utilizing frequencies, percentages, means, standard deviation and Pearson linear correlation coefficient (PLCC) were used for categorizing quantitative statistics. The study discoveries established a significant connection between Pre-start-up planning and Enhancement of Small and Medium Enterprises’ Operational Performance in the United Arab Emirates (UAE). The study concluded that Pre-start-up planning helps business people to strategically coordinate activities for businesses and avoid any regrets in terms of efficiency and effectiveness in SME’s. From the study consequences, the researchers recommended that the government of UAE should encourage its people to form groups so that government can provide financial assistance to such groups in order to foster their business performance. The government of UAE should also increase on the budget allocation to SME’s through the ministry of Economy so that SME’s can improve on their business, a scenario which may boost the economy of the country.
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