Exploring The Determinant Factors Of Business Responsibility Practices Of Small Medium Enterprises

Ginting, Ginta (2016) Exploring The Determinant Factors Of Business Responsibility Practices Of Small Medium Enterprises. In: ICBESS 2016; The 3rd International Conference on Business, Economics and Social Sciences, 10-11 August 2016, Discovery Kartika Plaza Hotel, Bali.

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Abstract

For small and medium businesses, it is not easy to be able to apply business responsibility and this matter still leaves the debate about the pros and cons emergence. This study explored the extent to which the doers of SMEs applying this concept. The study involved 65 Small and Medium Enterprise (SME) doers using qualitative study. The findings of this study indicate that the doers of SMEs regard business responsibility as a multidimensional concept. In running business, they need to consider the benefits to society/community and refer to the ethical aspects of the right business. Facts on the ground revealed was that the SME doers realize the business should be beneficial for the environment, so that the economic and social aspects will not be overlapping. Building relationships with stakeholders is an important factor that is also explored in the research. Interesting finding was that the SME doers have not been optimally be able to build a good relationship with external stakeholders regarding the involvement of marginalized people and build collaborations with educational institutions to develop innovation. The results can be used as a basis for the development of quantitative research in the future in order to gain insight of how the SME doers in general understand the essence of business responsibility by utilizing network resources owned by stakeholders.

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