Proceedings of the Ninth International Conference on Entrepreneurship and Business Management (ICEBM 2020)

How Family Business in SME Scale Alleviate Their Business Amid Pandemic

Authors
Andreas Wijaya, Sophia Reni Susilo
Corresponding Author
Andreas Wijaya
Available Online 9 May 2021.
DOI
10.2991/aebmr.k.210507.018How to use a DOI?
Keywords
Covid-19, SMEs, Family Business, SWOT
Abstract

The outbreak of Covid-19 pandemics has affected various aspects of human life and forced many businesses to close. The majority of SMEs in Indonesia endeavor to keep operating their business. Meanwhile, large-scale quarantines, restriction, and social distancing measures have been devastating several kinds of business. On one side, imposing people (consumers) to stay at home lowers their productivity, of which their purchasing power becomes unstable, because this situation hits hardly their revenues. In this research, such phenomenon was analyzed by using SWOT analysis to elucidate each component of S-O, W-O, S-T, W-T and provide the suggestions in order to survive their business. In conclusion, the flexibility of business gives advantages for family business in SME sector to substitute their products to earn profits, while the recession needs to be aware in order to save their finance.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the Ninth International Conference on Entrepreneurship and Business Management (ICEBM 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
9 May 2021
ISBN
978-94-6239-375-2
ISSN
2352-5428
DOI
10.2991/aebmr.k.210507.018How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Andreas Wijaya
AU  - Sophia Reni Susilo
PY  - 2021
DA  - 2021/05/09
TI  - How Family Business in SME Scale Alleviate Their Business Amid Pandemic
BT  - Proceedings of the Ninth International Conference on Entrepreneurship and Business Management (ICEBM 2020)
PB  - Atlantis Press
SP  - 119
EP  - 123
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210507.018
DO  - 10.2991/aebmr.k.210507.018
ID  - Wijaya2021
ER  -