Survivability of micro-enterprises during the pandemic crisis

Noor Fzlinda Fabeil and Khairul Hanim Pazim and Juliana Langgat (2020) Survivability of micro-enterprises during the pandemic crisis. Asian Journal of Entrepreneurship, 1 (4). pp. 144-152. ISSN 2581-1177

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Abstract

The Covid-19 pandemic crisis has been viewed by many scholars as a 'sudden threat', to the global socio-economy. In Malaysia, the movement control order (MCO) has significantly disrupted the small businesses, especially the micro-enterprises, which are more financially-fragile than the larger counterparts. Micro-enterprise is the prime contributor to economic development, thus business survival strategy during a crisis is critical for this enterprise to endure in a new normal way of doing business. However, little is known about the survival approaches in which micro-enterprises respond during the pandemic crisis. This study explores the business survival strategy of 60 micro-entrepreneurs in Sabah during five phases of movement control orders in Malaysia. The results of structured questionnaires provide insights that micro-enterprises experienced a relatively severe impact of pandemic crisis than natural disasters, terrorist attacks, or political crises. It is found that most micro-entrepreneurs opt for online business as the main business survival approach during MCO. The majority of respondents perceived themselves as well-prepared for crisis though able to sustain only for 3-5 months of a crisis duration. This study hopes to provide insights on business survival approaches and the appropriate business supports for micro-enterprises during a crisis.

Item Type:	Article
Keyword:	Micro-enterprises , Business survival , Pandemic crisis
Subjects:	H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HF Commerce
Department:	FACULTY > Faculty of Business, Economics and Accounting
Depositing User:	DG MASNIAH AHMAD -
Date Deposited:	19 May 2021 20:00
Last Modified:	19 May 2021 20:00
URI:	https://eprints.ums.edu.my/id/eprint/26882

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