Analysis of Risk Management and Entrepreneurship Orientation Towards the Sustainability of MSME Businesses

Authors

  • Vini Arsih Universitas Mataram
  • Animah Universitas Mataram

DOI:

https://doi.org/10.55927/fjmr.v3i3.8589

Keywords:

Risk Management, Entrepreneurial Orientation, Business Sustainability, MSMEs

Abstract

The aim of this research is to analyze the influence of risk management and entrepreneurial orientation on the sustainability of MSME businesses. This research uses quantitative methods with the research population being the Gold Mutiara MSMEs in Mataram City, totaling 60 MSMEs, of which 56 MSMEs were sampled. Data analysis in this study used SPSS 25. The results of this study show that the variables of risk management and entrepreneurial orientation have a positive effect on the sustainability of the Emas Mutiara MSME business in Mataram City. Based on these findings, it is recommended that Emas Mutiara MSMEs practice risk management and entrepreneurial orientation to improve the sustainability of MSME businesses.

Downloads

Download data is not yet available.

References

Abu-Rumman, A., Al Shraah, A., Al-Madi, F., & Alfalah, T. (2021). Entrepreneurial networks, entrepreneurial orientation, and performance of small and medium enterprises: are dynamic capabilities the missing link? Journal of Innovation and Entrepreneurship, 10(1). https://doi.org/10.1186/s13731-021-00170-8

Ade, I., Joseph, M., & Francis, D. (2020). Enterprise Risk Management Practices and Survival of Small and Medium Scale Enterprises in Nigeria. Studies in Business and Economics, 15(1), 68–82. https://doi.org/10.2478/sbe-2020-0007

Adeyele, J. S., & Omorokunwa, O. G. (2017). The Journal of Entrepreneurial Finance RISK APPETITES AND EMPIRICAL SURVIVAL PATTERN OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA. In RISK APPETITES AND EMPIRICAL SURVIVAL PATTERN OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA (Vol. 18, Issue 2). http://hdl.handle.net/10419/197554Availableat:https://digitalcommons.pepperdine.edu/jef/vol18/iss2/2

Ajzen, I. (1991a). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/10.1016/0749-5978(91)90020-T

AL-Dosari, K., & Fetais, N. (2023). Risk-Management Framework and Information-Security Systems for Small and Medium Enterprises (SMEs): A Meta-Analysis Approach. Electronics (Switzerland), 12(17). https://doi.org/10.3390/electronics12173629

Arabeche, Z., Soudani, A., Brahmi, M., Aldieri, L., Vinci, C. P., & Abdelli, M. E. A. (2022a). Entrepreneurial Orientation, Organizational Culture and Business Performance in SMEs: Evidence from Emerging Economy. Sustainability (Switzerland), 14(9). https://doi.org/10.3390/su14095160

Bangun, C. S., Suhara, T., & Husin, H. (2023). THE APPLICATION OF THEORY OF PLANNED BEHAVIOR AND PERCEIVED VALUE ON ONLINE PURCHASE BEHAVIOR. Technomedia Journal, 8(1SP), 123–134. https://doi.org/10.33050/tmj.v8i1sp.2074

Fisher, J., Arora, P., Chen, S., Rhee, S., Blaine, T., & Simangan, D. (2021). Four propositions on integrated sustainability: toward a theoretical framework to understand the environment, peace, and sustainability nexus. Sustainability Science, 16(4), 1125–1145. https://doi.org/10.1007/s11625-021-00925-y

Gaschi-Uciecha, A. (2019). Risk Management in SMES. Transport Economics and Logistics, 82, 91–99. https://doi.org/10.26881/etil.2019.82.08

Imran, M., Salisu, I., Aslam, H. D., Iqbal, J., & Hameed, I. (2019). Resource and information access for SME sustainability in the era of IR 4.0: The mediating and moderating roles of innovation capability and management commitment. Processes, 7(4). https://doi.org/10.3390/pr7040211

Islam, A., & Tedford, D. (2012). Risk determinants of small and medium-sized manufacturing enterprises (SMEs) - an exploratory study in New Zealand. Journal of Industrial Engineering International, 8(1). https://doi.org/10.1186/2251-712X-8-12

Jikrillah, S., Ziyad, M., & Stiadi, D. (2021a). ANALISIS MANAJEMEN RISIKO TERHADAP KEBERLANGSUNGAN USAHA UMKM DI KOTA BANJARMASIN. JWM (JURNAL WAWASAN MANAJEMEN), 9(2), 134–141. https://doi.org/10.20527/jwm.v9i2.24

Kiełbus, A., & Karpisz, D. (2019a). RISK MANAGEMENT AS A PROCESS SECURITY TOOL. System Safety: Human - Technical Facility - Environment, 1(1), 234–239. https://doi.org/10.2478/czoto-2019-0030

Kiew, Y., Angeline, H., & Teng, Y. S. (2016). enterprise risK management: eviDence from small-meDium enterprises.

Lima, O., Fernandes, G., & Tereso, A. (2023). Benefits of Adopting Innovation and Sustainability Practices in Project Management within the SME Context. Sustainability, 15(18), 13411. https://doi.org/10.3390/su151813411

Mamai, M., & Yinghua, S. (2017). Enterprise Risk Management Best Practices for Improvement Financial Performance in Manufacturing SMEs in Cameroon. In International Journal of Management Excellence (Vol. 8, Issue 3).

Moore, J. E., Mascarenhas, A., Bain, J., & Straus, S. E. (2017). Developing a comprehensive definition of sustainability. Implementation Science, 12(1). https://doi.org/10.1186/s13012-017-0637-1

Mthiyane, Z. Z. F., van der Poll, H. M., & Tshehla, M. F. (2022). A Framework for Risk Management in Small Medium Enterprises in Developing Countries. Risks, 10(9). https://doi.org/10.3390/risks10090173

Nuseir, M. T., & Aljumah, A. (2022). The impact of entrepreneur orientation on sustainable entrepreneurship among SMEs in the UAE: mediating effects of the sustainability orientation and bricolage behaviours of entrepreneurs. In Int. J. Trade and Global Markets (Vol. 16, Issue 3).

Pagach, D., & Warr, R. (2010). The Effects of Enterprise Risk Management on Firm Performance. http://ssrn.com/abstract=1155218www.garp.com

Parviainen, T., Goerlandt, F., Helle, I., Haapasaari, P., & Kuikka, S. (2021). Implementing Bayesian networks for ISO 31000:2018-based maritime oil spill risk management: State-of-art, implementation benefits and challenges, and future research directions. Journal of Environmental Management, 278. https://doi.org/10.1016/j.jenvman.2020.111520

Prasanna, R. P. I. R., Jayasundara, J. M. S. B., Gamage, S. K. N., Ekanayake, E. M. S., Rajapakshe, P. S. K., & Abeyrathne, G. A. K. N. J. (2019). Sustainability of SMEs in the competition: A systemic review on technological challenges and SME performance. In Journal of Open Innovation: Technology, Market, and Complexity (Vol. 5, Issue 4). MDPI. https://doi.org/10.3390/joitmc5040100

Rosani, N. R., Lukiastuti, F., Manajemen, M., Bank, S., & Jateng, B. (n.d.). PENGARUH PENGELOLAAN RISIKO DAN PERILAKU INOVATIF TERHADAP KEBERLANGSUNGAN USAHA UMKM YANG DIMODERASI OLEH KAPABILITAS JEJARING. 4(2), 2022.

Susiloningtyas, R., Pujiati, A., Harahap, S., Dano, D., Ak, M., Yamin, Y., Rosaria, D., Wahyuni, L., Hamzah, A., Pranyoto, S. E., Rely, G., Muhammad, H., & Hidayatullah, R. (n.d.). MANAJEMEN RISIKO PENERBIT CV.EUREKA MEDIA AKSARA.

Wijethilake, C., & Lama, T. (2019). Sustainability core values and sustainability risk management: Moderating effects of top management commitment and stakeholder pressure. Business Strategy and the Environment, 28(1), 143–154. https://doi.org/10.1002/bse.2245

Downloads

Published

2024-03-27

How to Cite

Vini Arsih, & Animah. (2024). Analysis of Risk Management and Entrepreneurship Orientation Towards the Sustainability of MSME Businesses. Formosa Journal of Multidisciplinary Research, 3(3), 951–962. https://doi.org/10.55927/fjmr.v3i3.8589

Issue

Section

Articles