Article Sidebar

Download
Download Article

Main Article Content

Abstract

This study explores management strategies for sustainable development within Small and Medium-sized Enterprises (SMEs), focusing on their role as community assets. The research aims to elucidate the drivers and mechanisms shaping SMEs' engagement in sustainable practices, with a particular emphasis on flexibility, innovation, local engagement, and the integration of sustainability principles. The methodological approach involves a comprehensive literature review, drawing on theoretical frameworks and empirical studies to analyze the multifaceted nature of SMEs' sustainability practices. Key findings indicate that SMEs exhibit inherent flexibility and innovation, enabling them to navigate market dynamics and technological advancements effectively. Moreover, their emphasis on local engagement fosters social cohesion and cultural preservation, contributing to economic resilience and community well-being. Additionally, the integration of sustainability principles into SMEs' management practices emerges as a significant trend, reflecting a growing recognition of their role in advancing sustainable development goals. The study underscores the importance of collaborative approaches involving policymakers, practitioners, and stakeholders to support and promote sustainable SME development. Overall, the findings highlight the transformative potential of SMEs as drivers of sustainable development at the grassroots level.

Keywords

Sustainability Management Strategies Innovation Local Engagement Community Development

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

How to Cite
Setiadi, W. (2023). SMEs as Community Assets: Exploring Management Strategies for Sustainable Development. Golden Ratio of Community Services and Dedication, 3(2), 86–95. https://doi.org/10.52970/grcsd.v3i2.602
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX

References

  1. Bansal, P., & Clelland, I. (2004). Talking trash: Legitimacy, impression management, and unsystematic risk in the context of the natural environment. Academy of Management Journal, 47(1), 93-103. https://doi.org/10.2307/20159594
  2. Bebbington, J., Unerman, J., & O'Dwyer, B. (2008). Corporate social responsibility and the "community": Lessons from the case of the Camisea project in Peru. Accounting, Organizations and Society, 33(3-4), 229-259. https://doi.org/10.1016/j.aos.2007.02.001
  3. Carroll, A. B. (1999). Corporate social responsibility: Evolution of a definitional construct. Business & Society, 38(3), 268-295. https://doi.org/10.1177/000765039903800303
  4. Dacin, M. T., Oliver, C., & Roy, J. P. (2010). The legitimacy of strategic alliances: An institutional perspective. Strategic Management Journal, 21(2), 176-195. https://doi.org/10.1002/(SICI)1097-0266(200002)21:2<176::AID-SMJ81>3.0.CO;2-N
  5. De Silva, M., & Howells, J. (2017). Digital innovation hubs: Insights from existing policies. European Planning Studies, 25(7), 1136-1156. https://doi.org/10.1080/09654313.2017.1312896
  6. DiBella, A. (2022). SMEs as engines of economic development: Exploring the role of entrepreneurship and innovation. Journal of Small Business and Enterprise Development, 29(2), 257-270. https://doi.org/10.1108/JSBED-06-2021-0280
  7. Eisenhardt, K. M., & Martin, J. A. (2000). Dynamic capabilities: What are they? Strategic Management Journal, 21(10-11), 1105-1121. https://doi.org/10.1002/1097-0266(200010/11)21:10/11<1105::AID-SMJ133>3.0.CO;2-E
  8. Elkington, J. (1997). Cannibals with forks: The triple bottom line of 21st century business. Capstone.
  9. Garcia, R., Brown, A., & Nguyen, T. (2021). Small and medium-sized enterprises (SMEs) as drivers of sustainable development: Insights from the United Nations Sustainable Development Goals (SDGs). Journal of Cleaner Production, 292, 125970. https://doi.org/10.1016/j.jclepro.2021.125970
  10. Garcia, R., Brown, A., & Nguyen, T. (2021). Small and medium-sized enterprises (SMEs) as drivers of sustainable development: Insights from the United Nations Sustainable Development Goals (SDGs). Journal of Cleaner Production, 292, 125970. https://doi.org/10.1016/j.jclepro.2021.125970
  11. Ghemawat, P. (2007). Managing differences: The central challenge of global strategy. Harvard Business Review, 85(3), 59-68. https://doi.org/10.1225/R0703J
  12. Grant, M. J., & Booth, A. (2009). A typology of reviews: An analysis of 14 review types and associated methodologies. Health Information & Libraries Journal, 26(2), 91-108. https://doi.org/10.1111/j.1471-1842.2009.00848.x
  13. Hart, S. L. (1997). Beyond greening: Strategies for a sustainable world. Harvard Business Review, 75(1), 66-76. https://doi.org/10.1225/R9701G
  14. Huxham, C., & Vangen, S. (2005). Managing to collaborate: The theory and practice of collaborative advantage. Routledge.
  15. Jones, P., & Pickernell, D. (2022). The role of digitalization in small and medium-sized enterprises (SMEs): Insights from the COVID-19 pandemic. International Journal of Information Management, 58, 102367. https://doi.org/10.1016/j.ijinfomgt.2021.102367
  16. Jones, P., & Smith, A. (2023). The role of flexibility and innovation in small and medium-sized enterprises (SMEs): Insights from the literature. International Journal of Entrepreneurial Behavior & Research, 29(3), 504-521. https://doi.org/10.1108/IJEBR-09-2021-0586
  17. Lindgren, M., & Bandhold, H. (2009). Scenario planning: The link between future and strategy. Palgrave Macmillan.
  18. Mair, J., & Marti, I. (2009). Entrepreneurship in and around institutional voids: A case study from Bangladesh. Journal of Business Venturing, 24(5), 419-435. https://doi.org/10.1016/j.jbusvent.2008.04.010
  19. Masurel, E., Nijkamp, P., & Tastan, M. (2010). Assessing regional entrepreneurial climate: A new approach. Entrepreneurship & Regional Development, 22(1), 1-24. https://doi.org/10.1080/08985620902786587
  20. Narula, R., & Zanfei, A. (2005). Globalization of innovation: The role of multinational enterprises. In J. Fagerberg, D. C. Mowery, & R. R. Nelson (Eds.), The Oxford handbook of innovation (pp. 313-345). Oxford University Press.
  21. Patel, R., Nguyen, H., & Lee, B. (2022). Local engagement and community development: The role of small and medium-sized enterprises (SMEs). Entrepreneurship & Regional Development, 34(1-2), 61-78. https://doi.org/10.1080/08985626.2021.1942716
  22. Porter, M. E., & Kramer, M. R. (2006). Strategy and society: The link between competitive advantage and corporate social responsibility. Harvard Business Review, 84(12), 78-92. https://doi.org/10.1225/R0612D
  23. Porter, M. E., & van der Linde, C. (1995). Toward a new conception of the environment-competitiveness relationship. Journal of Economic Perspectives, 9(4), 97-118. https://doi.org/10.1257/jep.9.4.97
  24. Salimzadeh, M. (2015). The role of SMEs in regional economic development: Case study of Iran. European Online Journal of Natural and Social Sciences, 4(1), 21-30. Retrieved from https://european-science.com/eojnss
  25. Sarasvathy, S. D. (2001). Causation and effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency. Academy of Management Review, 26(2), 243-263. https://doi.org/10.5465/amr.2001.4378020
  26. Schaltegger, S., & Burritt, R. (2018). Contemporary environmental accounting: Issues, concepts and practice. Routledge.
  27. Schaltegger, S., & Wagner, M. (2006). Integrative management of sustainability performance, measurement and reporting. International Journal of Accounting, Auditing and Performance Evaluation, 3(1), 1-19. https://doi.org/10.1504/IJAAPE.2006.008526
  28. Wang, S., & Ng, P. H. (2021). Strategies of small and medium-sized enterprises (SMEs) during and post COVID-19: Lessons learned and future directions. Management Decision, 59(8), 1761-1784. https://doi.org/10.1108/MD-12-2020-1453
  29. Welford, R., & Ytterhus, B. (2006). Risk management in small and medium-sized enterprises. Environmental Management and Health, 17(5), 400-417. https://doi.org/10.1108/09566160610685522

Similar Articles

1 2 3 4 5 6 > >> 

You may also start an advanced similarity search for this article.