Critical Success Factors for Micro, Small and Medium
Enterprises in Indonesia
Silvia Anggraeni
1
Frangky Selamat
1*
1
Management Department, Faculty of Economics and Business, Universitas Tarumanagara, Jakarta, Indonesia
*Corresponding author. Email: frangkys@fe.untar.ac.id
ABSTRACT
This study aims to examine the predictive ability of Critical Success Factors (CSF) for Micro, Small and
Medium Enterprises (MSMEs) in Indonesia. The MSMEs sector plays an important role in driving Indonesia's
economic growth. Thus far, a lot of research has been done on what contributes to the failure or trust of MSMEs,
but specific research on CSF for MSMEs is still limited, and the findings are still inconclusive. The data was
collected using an online questionnaire and analyzed by using PLS-SEM. This research was conducted by
descriptive method with a total sample size of 69 respondents and the sampling technique using purposive
random sampling. These results indicate that brand reputation, excellence customer service, reliable delivery,
and government support affect MSMEs in Indonesia, whereas innovation does not.
Keywords: Critical success factors, Innovation, Brand reputation, Government support, Success of MSMEs
1. INTRODUCTION
According to Law Number 20 of 2008 concerning Micro,
Small and Medium Enterprises (MSMEs), small businesses
are defined as independent productive economic activities
[1]. It is generally accepted that MSMEs play an important
role in economies around the world [2]. Breaking the
poverty chain by creating jobs is the main task of MSMEs
[3]. In developing countries, MSMEs are the main source
of income, breeding ground for employers and job
providers [4]. According to BPS [5] the number of MSMEs
is 64.19 million businesses and the MSMEs workforce is
117 million workers. The BPS Economic Census [5]
released data on the contribution of MSMEs, namely
absorbing up to 97 percent of the total workforce, providing
up to 99 percent of total employment, and contributing
60.34 percent of total National GDP, 14.17 percent of total
exports, and 58.18 percent of the total investment.
Thus far, many studies have been conducted about
something that is related to the failed and fruitfulness of
MSMEs, but research more specifically on Critical Success
Factors (CSF) for MSMEs is narrow and the invention are
yet undetermined [6]. Punctual research before, generally
discussing what contributed to the failed of MSMEs, trying
to find the factors that influence these failures, and
discussing how to avoid these factors in order to reduce the
risk of failure. These factors could be devided equally a
person typical such as businessperson behavior, or non-
individual typical such as organisantional stalwartness and
the MSMEs environment [7] [8]. Besides Jasra, Hunjra,
Rehman, Azam, and Khan [3] analyzed the effects of fiscal
resource, strategy of commerce, resource of technology,
government supports, way to information, enterprise plans
and entrepreneurial skills on successful businesses. Skills
from entrepreneurship are lacking, and financial resources
are common factor. Even if these factors are met, it does not
guarantee success. Therefore, further learning needs to be
done about how these factors influence the successful of
MSMEs.
Research on CSF for MSMEs has not been widely studied
in Indonesia. Some of the studies that have been carried out
generally do not specifically discuss CSF for MSMEs, for
example, as has been done by Subanidja & Legowo [9]
which examines the investigation of financial constraints
that help the success of the Enterprise Resource Planning
(ERP) system and will improve performance. UKM.
Therefore, the important reason this research is conducted
is to examine what factors drive the success of MSMEs in
Indonesia, with the variables to be studied replicating from
Alfoqahaa's research [6], namely brand reputation,
customer service excellence, reliable delivery and
innovation. Reputation of brand served as a source of
lasting demands and appeal [10]. Today's excellence in
customer service is an important factor for business success
[11]. Reliable delivery is the cornerstone of logistics
process because it considers potential losses [12]. Based on
Warren’s et al. literature review [13] innovation means the
application of new technology, market science and also a
form of business that is able to provide a combination of
new products or services to consumers who can afford to
buy with the price that providing profits. This study also
examines the relationship of government support to the
success of MSMEs, because according to Doh and Kim [14]
[15] government support has a positive effect on the success
of MSMEs.
The purpose of this study is to empirically test the predictive
ability of CSF on MSMEs in Indonesia. The results of this
study are expected to be used to investigate the success of
Advances in Social Science, Education and Humanities Research, volume 570
Proceedings of the International Conference on Economics, Business, Social, and Humanities (ICEBSH 2021)
Copyright © 2021 The Authors. Published by Atlantis Press SARL.
This is an open access article distributed under the CC BY-NC 4.0 license -http://creativecommons.org/licenses/by-nc/4.0/. 201