Open AccessTHE WELL-BEING OF MICRO SMALL AND MEDIUM ENTERPRISES’ PRACTITIONER IN COVID-19 PANDEMIC
Author(s) -
Diana Harding,
Deris Friyanto,
Kevin Muhamad Lukman
Publication year - 2022
Publication title -
sosiohumaniora
Language(s) - English
Resource type - Journals
ISSN - 2443-2660
DOI - 10.24198/sosiohumaniora.v24i1.36802
Subject(s) - scale (ratio) , business , small and medium sized enterprises , revenue , pandemic , sustainability , covid-19 , well being , marketing , economic growth , accounting , finance , medicine , psychology , economics , geography , ecology , cartography , disease , pathology , infectious disease (medical specialty) , psychotherapist , biology
The Micro, Small, and Medium Enterprises (MSMEs) sector plays an important role in the development of a country, providing massive revenues and employment opportunities. However, the challenges of MSMEs sector are now exacerbated with the situation of COVID-19 due to the business limitation and degrading economic situation. In addition to financial difficulties, there is also the concern on the well-being of MSMEs practitioners which can influence the sustainability of the sector. This research was conducted with the purpose of investigating the level of well-being for MSMEs practitioners. The approach of subjective well-being using Satisfaction with Life Scale (SWLS) and scale of positive and negative experience (SPANE) were implemented in a form of questionnaire. A total of 119 MSMEs practitioners were collected in this study, with their level of well-being investigated, as well as the challenges and innovations experienced during the COVID-19 pandemic. The findings in this study show that the MSMEs practitioners under association support were majority within medium and high levels of well-being, however this study also takes note of practitioners within low-level of well-being. Hence there is the implication challenge to formulate policy intervention to support MSMEs sector which integrate the financial and mental health aspect to maintain the sustainability of the sector.