KnE Social Sciences

ISSN: 2518-668X

The latest conference proceedings on humanities, arts and social sciences.

Improving Business Performance of SMEs Using SDGs Components and Business Strategy

Published date: Oct 02 2024

Journal Title: KnE Social Sciences

Issue title: 4th International Conference in Social Science (4th ICONISS): Urban Innovation

Pages: 25–36

DOI: 10.18502/kss.v9i26.17066

Authors:

Alit Merthayasaalitmerthayasa2009@gmail.comDoctorate Student of Post Graduate Program, Faculty of Economic, University of Merdeka Malang, Malang

Anwar SanusiLecturers of Post Graduate Program, Faculty of Economic, University of Merdeka Malang, Malang,

Grahita ChandrarinLecturers of Post Graduate Program, Faculty of Economic, University of Merdeka Malang, Malang

Abstract:

This study aims to describe and analyze the correlation of the SDGs components related to business strategy and performance of SMEs. Sustainable Development Goals (SDGs) were conceptually used as basic variables in improving the business performance of small and medium enterprises (SMEs) in order to reduce poverty alleviation. The type of this research is explanatory research. The number of samples in this study were 170 respondents of SMEs determined by structural equation model (SEM) as the method of analyzing data, which is operated by AMOS. The population is 295 SMEs. The result of this study shows that the greatest influence of performance of SMEs was business operational strategy of 6,365, and the smallest effect was on SDGs economic indicators to business operational strategy of 1,022. In this case, it can be stated that the sustainable development goals (SDGs) have a significant influence on the business operational strategy and business performance of SMEs. For small and medium entrepreneurs in Yogyakarta, seeing SDGs as a development goal will affect their operational business strategy, especially related to economic variables.

Keywords: business performance, business strategy, poverty alleviation, small and medium enterprise (SMEs), SDGs

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