Proceedings of the 6th Batusangkar International Conference, BIC 2021, 11 - 12 October, 2021, Batusangkar-West Sumatra, Indonesia

Research Article

The Threat of Covid-19: The Survival of MSMEs during Indonesian Pandemic

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  • @INPROCEEDINGS{10.4108/eai.11-10-2021.2319603,
        author={Leny  Nofianti and Andi  Irfan and Alex  Wenda and Herlinda and Tasriani},
        title={The Threat of Covid-19: The Survival of MSMEs during Indonesian Pandemic},
        proceedings={Proceedings of the 6th Batusangkar International Conference, BIC 2021, 11 - 12 October, 2021, Batusangkar-West Sumatra, Indonesia},
        publisher={EAI},
        proceedings_a={BIC},
        year={2022},
        month={8},
        keywords={threats; survival strategy; msmes; covid-19 pandemic},
        doi={10.4108/eai.11-10-2021.2319603}
    }
    
  • Leny Nofianti
    Andi Irfan
    Alex Wenda
    Herlinda and Tasriani
    Year: 2022
    The Threat of Covid-19: The Survival of MSMEs during Indonesian Pandemic
    BIC
    EAI
    DOI: 10.4108/eai.11-10-2021.2319603
Leny Nofianti1,*, Andi Irfan1, Alex Wenda1, Herlinda and Tasriani1
  • 1: UIN Sultan Syarif Kasim Riau, Indonesia
*Contact email: leny.nofianti@uin-suska.ac.id

Abstract

This research aims to explore the threats and strategies of MSMEs to survive during the pandemic. This research is a case study in MEMS actors, especially hospitality/lodging businesses in Riau and Yogyakarta. The results showed that MEMS actors who could survive during the pandemic were SMESs actors who were persistent in carrying out various strategies both internally and externally. Internal strategies or into the company are carried out by business actors, ranging from product improvements and modifications, service improvements, price strategies, promotional strategies to self-control strategies so as not to stress living life during a pandemic sincerely and tawaqal to the creator of the universe. External strategies are carried out by seeking access to funding or financing from both the government and other private parties. Persistence and confidence of business actors can survive during the pandemic is a very important capital must be owned by MEMSs actors.