This research develops a framework that combines crisis stages,stakeholder engagement and crisis challenges.The framework is applied to small firms in Macao during the 2019 novel coronavirus disease(COVID-19)pandemic ...This research develops a framework that combines crisis stages,stakeholder engagement and crisis challenges.The framework is applied to small firms in Macao during the 2019 novel coronavirus disease(COVID-19)pandemic crisis.We conduct a qualitative study based on semi-structured interviews with the leaders of six small firms in Macao.The findings suggest that the COVID-19 pandemic has turned into a"normal"context,which blurs the traditional crisis termination stage.We also find that participating firms engage more with internal stakeholders than external ones.The strategies adopted by small firms include flexible human resource(HR)practices,cost reduction,enhancing customer relations,and using government support schemes.These strategies are effective in the short term;firms need to pay attention to diversity and learning for the long term.展开更多
The small and medium enterprise firms are renowned for improving the nation’s economy through the provision of job opportunities for its populace,improving the financial and investment status of the countries a...The small and medium enterprise firms are renowned for improving the nation’s economy through the provision of job opportunities for its populace,improving the financial and investment status of the countries and provision of innovative products that meets the need of the people.SMEs are key players in the economy,through sustainable development goals(SDGs)enabling them to thrive in the open business environment and actively applying the digital transformation,promoting inclusive and sustainable industrialization should be the core of any country government.This research is designed to explore the influence of government intervention and support on enterprise performance and growth in five business sectors-Hospitality,Education,Health care,Bottled Water Production and Transport and Logistics organizations.The research paper had a descriptive research design with a randomly selected sample size of one hundred and ninety-seven respondents.The research hypotheses were tested using(Factor Analysis and Ordinal Logistic Regression Analysis)with Statistical Packages for Social Science(SPSS)version 25.The results of the study reveal that government intervention policies and intervention programmes when instituted will promote the growth of business firms in Nigeria.Also identified are relevant recommendations that serve as motivation for policy administrators,entrepreneurs,and business managers to ensure that relevant intervention programme is adopted to boost performance and growth of the SME sector in Nigeria.展开更多
文摘This research develops a framework that combines crisis stages,stakeholder engagement and crisis challenges.The framework is applied to small firms in Macao during the 2019 novel coronavirus disease(COVID-19)pandemic crisis.We conduct a qualitative study based on semi-structured interviews with the leaders of six small firms in Macao.The findings suggest that the COVID-19 pandemic has turned into a"normal"context,which blurs the traditional crisis termination stage.We also find that participating firms engage more with internal stakeholders than external ones.The strategies adopted by small firms include flexible human resource(HR)practices,cost reduction,enhancing customer relations,and using government support schemes.These strategies are effective in the short term;firms need to pay attention to diversity and learning for the long term.
文摘The small and medium enterprise firms are renowned for improving the nation’s economy through the provision of job opportunities for its populace,improving the financial and investment status of the countries and provision of innovative products that meets the need of the people.SMEs are key players in the economy,through sustainable development goals(SDGs)enabling them to thrive in the open business environment and actively applying the digital transformation,promoting inclusive and sustainable industrialization should be the core of any country government.This research is designed to explore the influence of government intervention and support on enterprise performance and growth in five business sectors-Hospitality,Education,Health care,Bottled Water Production and Transport and Logistics organizations.The research paper had a descriptive research design with a randomly selected sample size of one hundred and ninety-seven respondents.The research hypotheses were tested using(Factor Analysis and Ordinal Logistic Regression Analysis)with Statistical Packages for Social Science(SPSS)version 25.The results of the study reveal that government intervention policies and intervention programmes when instituted will promote the growth of business firms in Nigeria.Also identified are relevant recommendations that serve as motivation for policy administrators,entrepreneurs,and business managers to ensure that relevant intervention programme is adopted to boost performance and growth of the SME sector in Nigeria.