Golden Ratio of Community Services and Dedication
Vol. 3 No. 2 (2023): May - October

SMEs as Community Assets: Exploring Management Strategies for Sustainable Development

Setiadi, Wawan (Unknown)



Article Info

Publish Date
30 Oct 2023

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.

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Journal Info

Abbrev

grcsd

Publisher

Subject

Humanities Social Sciences

Description

The aim of the Golden Ratio of Community Services and Dedication (GRCSD) is to disseminate the conceptual thoughts or ideas and research results that have been achieved in the area of community services. Golden Ratio of Community Services and Dedication (GRCSD), particularly focuses on the main ...