Management of Small and Medium-Scale Industries in Indonesia in Dealing with Global Challenges: PLS-SEM Approach
Journal Title: Polish Journal of Management Studies - Year 2019, Vol 19, Issue 1
Abstract
To prepare the competitiveness of products produced by Small and Medium Scale Industries (SMI), a law protection attempt is required to enable the products to compete in the global era, namely, the law protection expectedly can improve the quality and quantity of SMI products. The objectives of the research is: 1) to identify the law protection for SMI in Indonesia, and 2) to obtain the profile of SMI in Indonesia in a global era today by examining the effect on business management. This study used primary data collected through questionnaire from the actors related to the management of SMI. The data obtained from primary data were analyzed using an Partial Least Square (PLS)-Structural Equation Modelling (SEM). The conclusions of the study is, 1) law protection for SMI has significant effect on SMEs business management. Such the policy was intended to improve the existence and competitiveness of SMI in dealing with global challenges; (2) profile of SMI included simple production process, bookkeeping, and marketing support which effect significantly on business performance and to keep them existent and having competitiveness in dealing with global challenges.<br/><br/>
Authors and Affiliations
Dora Kusumastuti, Sutoyo Sutoyo
Keywords
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- EP ID EP599950
- DOI 10.17512/pjms.2019.19.1.16
- Views 84
- Downloads 0
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