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Minimising Operational Costs During COVID-19 Pandemic: Leveraging Crowdsourcing Business Model For Enhancing Smes’ Performance

Uncertain business environment particularly during COVID 19 outbreak forced many enterprises including Small and Medium Enterprises (SMEs) need to change the business model. This rampant situation creates ‘rubbing salt into the wound’ for many enterprises in order to survival and sustain in the mark...

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Main Authors: Mansor, Mohd Fitri, Abdul Halim, Hasliza, Ahmad, Noor Hazlina, Abu, Noor Hidayah, Khairuddin, Khairun Nisa
Format: Conference or Workshop Item
Language:English
Published: 2021
Online Access:https://repo.uum.edu.my/id/eprint/31678/2/ICAMET%202347%2001%2001-09%202020.pdf
https://repo.uum.edu.my/id/eprint/31678/
https://doi.org/10.1063/5.0051821
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spelling my.uum.repo.316782024-12-31T09:50:06Z https://repo.uum.edu.my/id/eprint/31678/ Minimising Operational Costs During COVID-19 Pandemic: Leveraging Crowdsourcing Business Model For Enhancing Smes’ Performance Mansor, Mohd Fitri Abdul Halim, Hasliza Ahmad, Noor Hazlina Abu, Noor Hidayah Khairuddin, Khairun Nisa Uncertain business environment particularly during COVID 19 outbreak forced many enterprises including Small and Medium Enterprises (SMEs) need to change the business model. This rampant situation creates ‘rubbing salt into the wound’ for many enterprises in order to survival and sustain in the market. Enterprises should alter the business strategy from the traditional way of running the business to the new phenomenon of business strategy i.e. crowdsourcing practices. In view of the above, the aim of this study is to investigate how the SMEs could minimise the operating costs in order to boost business performance mainly COVID 19 pandemic. Specifically, the objectives of this study are to examine the impacts of crowdsourcing practices, crowdsourcing cost reduction towards business performance for SMEs in Malaysia. The findings revealed that, the crowdsourcing practices and crowdsourcing cost reduction positively significantly to the SMEs in Malaysia in order to enhance the business performance. This study also highlights practical and theoretical contributions, significant of study; limitations and future study as well as conclude the entire study 2021 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/31678/2/ICAMET%202347%2001%2001-09%202020.pdf Mansor, Mohd Fitri and Abdul Halim, Hasliza and Ahmad, Noor Hazlina and Abu, Noor Hidayah and Khairuddin, Khairun Nisa (2021) Minimising Operational Costs During COVID-19 Pandemic: Leveraging Crowdsourcing Business Model For Enhancing Smes’ Performance. In: 8th International Conference on Advanced Materials Engineering & Technology (ICAMET 2020), 26–27 November 2020, Langkawi, Malaysia. https://doi.org/10.1063/5.0051821
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
description Uncertain business environment particularly during COVID 19 outbreak forced many enterprises including Small and Medium Enterprises (SMEs) need to change the business model. This rampant situation creates ‘rubbing salt into the wound’ for many enterprises in order to survival and sustain in the market. Enterprises should alter the business strategy from the traditional way of running the business to the new phenomenon of business strategy i.e. crowdsourcing practices. In view of the above, the aim of this study is to investigate how the SMEs could minimise the operating costs in order to boost business performance mainly COVID 19 pandemic. Specifically, the objectives of this study are to examine the impacts of crowdsourcing practices, crowdsourcing cost reduction towards business performance for SMEs in Malaysia. The findings revealed that, the crowdsourcing practices and crowdsourcing cost reduction positively significantly to the SMEs in Malaysia in order to enhance the business performance. This study also highlights practical and theoretical contributions, significant of study; limitations and future study as well as conclude the entire study
format Conference or Workshop Item
author Mansor, Mohd Fitri
Abdul Halim, Hasliza
Ahmad, Noor Hazlina
Abu, Noor Hidayah
Khairuddin, Khairun Nisa
spellingShingle Mansor, Mohd Fitri
Abdul Halim, Hasliza
Ahmad, Noor Hazlina
Abu, Noor Hidayah
Khairuddin, Khairun Nisa
Minimising Operational Costs During COVID-19 Pandemic: Leveraging Crowdsourcing Business Model For Enhancing Smes’ Performance
author_facet Mansor, Mohd Fitri
Abdul Halim, Hasliza
Ahmad, Noor Hazlina
Abu, Noor Hidayah
Khairuddin, Khairun Nisa
author_sort Mansor, Mohd Fitri
title Minimising Operational Costs During COVID-19 Pandemic: Leveraging Crowdsourcing Business Model For Enhancing Smes’ Performance
title_short Minimising Operational Costs During COVID-19 Pandemic: Leveraging Crowdsourcing Business Model For Enhancing Smes’ Performance
title_full Minimising Operational Costs During COVID-19 Pandemic: Leveraging Crowdsourcing Business Model For Enhancing Smes’ Performance
title_fullStr Minimising Operational Costs During COVID-19 Pandemic: Leveraging Crowdsourcing Business Model For Enhancing Smes’ Performance
title_full_unstemmed Minimising Operational Costs During COVID-19 Pandemic: Leveraging Crowdsourcing Business Model For Enhancing Smes’ Performance
title_sort minimising operational costs during covid-19 pandemic: leveraging crowdsourcing business model for enhancing smes’ performance
publishDate 2021
url https://repo.uum.edu.my/id/eprint/31678/2/ICAMET%202347%2001%2001-09%202020.pdf
https://repo.uum.edu.my/id/eprint/31678/
https://doi.org/10.1063/5.0051821
_version_ 1821005498101530624
score 13.239859

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