Sustaining the Agility of SMEs’ Business Strategy: Minimising the Outbreak of Covid-19 Via Crowdsourcing Practices
The spread of COVID-19 has changed many aspects of our lives in many continents. This critical situation forced many business enterprises including Small and Medium Enterprises (SMEs) require agile of their business strategy to survive in market. The emergence of Technology Web 2.0, Industrial Revol...
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2021
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my.uum.repo.316942024-12-22T09:07:07Z https://repo.uum.edu.my/id/eprint/31694/ Sustaining the Agility of SMEs’ Business Strategy: Minimising the Outbreak of Covid-19 Via Crowdsourcing Practices Mansor, Mohd Fitri Abu, Noor Hidayah Abdul Halim, Hasliza Ahmad, Noor Hazlina HD28 Management. Industrial Management The spread of COVID-19 has changed many aspects of our lives in many continents. This critical situation forced many business enterprises including Small and Medium Enterprises (SMEs) require agile of their business strategy to survive in market. The emergence of Technology Web 2.0, Industrial Revolution (IR 4.0) offer a great business opportunity for the SMEs to adjust the business landscape from the traditional to a digitalize. It is because SMEs are the important ‘engines of growth’ for developed and developing countries. They are the main share of total enterprises and contributes significantly to the Gross Domestic Product (GDP), employment and export. However, they are remained unable to achieve expected success, grapple with the failure risk, survival downturns and uncertainty environment. Therefore, to overcome these challenges, this study opens up a new avenue for the SMEs to leverage crowdsourcing practices in order to sustain the business performance and to minimize the COVID-19 outbreak. The aim of this study to investigate the mediating effect of crowdsourcing resources, crowdsourcing practices and SMEs performance. The study employs quantitative approach. The finding indicates that, crowdsourcing serves useful resources to the SMEs to enhance the business performance via harnessing the “wisdom of crowd” and turn the external resources into internal organizational resources. The study also highlights both practical and theoretical implications as well as limitation of the study Institute for Political and international Studies (IPIS) of Iran 2021 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/31694/7/CATC%2022%2005%20446-460%202021.pdf Mansor, Mohd Fitri and Abu, Noor Hidayah and Abdul Halim, Hasliza and Ahmad, Noor Hazlina (2021) Sustaining the Agility of SMEs’ Business Strategy: Minimising the Outbreak of Covid-19 Via Crowdsourcing Practices. Central Asia and the Caucasus, 22 (05). pp. 446-460. ISSN 14046091, EISSN: 20023839 https://www.researchgate.net/publication/358118627_SUSTAINING_THE_AGILITY_OF_SMES'_BUSINESS_STRATEGY_MINIMISING_THE_OUTBREAK_OF_COVID-19_VIA_CROWDSOURCING_PRACTICES https://journals.ucjc.edu/ubr/condiciones_generales_politica_privacidad https://journals.ucjc.edu/ubr/condiciones_generales_politica_privacidad |
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HD28 Management. Industrial Management Mansor, Mohd Fitri Abu, Noor Hidayah Abdul Halim, Hasliza Ahmad, Noor Hazlina Sustaining the Agility of SMEs’ Business Strategy: Minimising the Outbreak of Covid-19 Via Crowdsourcing Practices |
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The spread of COVID-19 has changed many aspects of our lives in many continents. This critical situation forced many business enterprises including Small and Medium Enterprises (SMEs) require agile of their business strategy to survive in market. The emergence of Technology Web 2.0, Industrial Revolution (IR 4.0) offer a great business opportunity for the SMEs to adjust the business landscape from the traditional to a digitalize. It is because SMEs are the important ‘engines of growth’ for developed and developing countries. They are the main share of total enterprises and contributes significantly to the Gross Domestic Product (GDP), employment and export. However, they are remained unable to achieve expected success, grapple with the failure risk, survival downturns and uncertainty environment. Therefore, to overcome these challenges, this study opens up a new avenue for the SMEs to leverage crowdsourcing practices in order to sustain the business performance and to minimize the COVID-19 outbreak. The aim of this study to investigate the mediating effect of crowdsourcing resources, crowdsourcing practices and SMEs performance. The study employs quantitative approach. The finding indicates that, crowdsourcing serves useful resources to the SMEs to enhance the business performance via harnessing the “wisdom of crowd” and turn the external resources into internal organizational resources. The study also highlights both practical and theoretical implications as well as limitation of the study |
format |
Article |
author |
Mansor, Mohd Fitri Abu, Noor Hidayah Abdul Halim, Hasliza Ahmad, Noor Hazlina |
author_facet |
Mansor, Mohd Fitri Abu, Noor Hidayah Abdul Halim, Hasliza Ahmad, Noor Hazlina |
author_sort |
Mansor, Mohd Fitri |
title |
Sustaining the Agility of SMEs’ Business Strategy: Minimising the Outbreak of Covid-19 Via Crowdsourcing Practices |
title_short |
Sustaining the Agility of SMEs’ Business Strategy: Minimising the Outbreak of Covid-19 Via Crowdsourcing Practices |
title_full |
Sustaining the Agility of SMEs’ Business Strategy: Minimising the Outbreak of Covid-19 Via Crowdsourcing Practices |
title_fullStr |
Sustaining the Agility of SMEs’ Business Strategy: Minimising the Outbreak of Covid-19 Via Crowdsourcing Practices |
title_full_unstemmed |
Sustaining the Agility of SMEs’ Business Strategy: Minimising the Outbreak of Covid-19 Via Crowdsourcing Practices |
title_sort |
sustaining the agility of smes’ business strategy: minimising the outbreak of covid-19 via crowdsourcing practices |
publisher |
Institute for Political and international Studies (IPIS) of Iran |
publishDate |
2021 |
url |
https://repo.uum.edu.my/id/eprint/31694/7/CATC%2022%2005%20446-460%202021.pdf https://journals.ucjc.edu/ubr/condiciones_generales_politica_privacidad https://repo.uum.edu.my/id/eprint/31694/ https://www.researchgate.net/publication/358118627_SUSTAINING_THE_AGILITY_OF_SMES'_BUSINESS_STRATEGY_MINIMISING_THE_OUTBREAK_OF_COVID-19_VIA_CROWDSOURCING_PRACTICES https://journals.ucjc.edu/ubr/condiciones_generales_politica_privacidad |
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13.223943 |