Analysis of Key Performance Indicators during and Post the Covid-19 Pandemic (Case Msmes in Indonesia)
1Sri Lestari,2Yusriyati Nur Farida,3Dewi Susilowati
1,2,3Faculty of Economics and Business, Jenderal Soedirman University, Indonesia.
https://doi.org/10.47191/jefms/v6-i6-66ABSTRACT:
This study aims to identify the Key Performance Indicators (KPI) of each of the internal and external environmental factors used to measure the performance of Micro, Small, and Medium Enterprises (MSMEs) during and after the COVID-19 pandemic. The population in this study are the owners and managers of MSMEs in Banyumas Regency in December 2020 and 2021. The data analysis technique uses the Mc-Nemar Test Method. The results of the study indicate that KPIs which include production; GMP Good Manufacturing Practices; quality control; Brand; packaging; labeling and intellectual property; marketing; Financial management; capital literacy; Human Resources; character; Relevant agencies, and permits to measure MSME performance during and after the COVID-19 pandemic. These KPIs contain implementation in the short term (during the COVID- 19 pandemic) and medium or long term (post-COVID-19 pandemic). This study proves that KPIs relevant to measuring short-term performance are very important to develop a model for the recovery of MSME performance during the COVID-19 pandemic. Relevant KPIs to measure the performance of MSMEs in the medium or long term are very important to determine the post- COVID-19 recovery strategy.
KEYWORDS:
Key Performance Indicators, MSMEs, Recovery strategy, Covid-19 Pandemic
REFERENCES:
1) Amelia, M. N., Presetyo, Y. E., & Iswara, M. (2017). E-UMKM: Android-Based MSME Product Marketing Application as a
Strategy to Improve Indonesia's Economy. Snatif, (4), 11–16.
2) Djarwanto. (2003). Non-Parametric Statistics. Yogyakarta: BPFE.
3) Ghozali, Imam. 2013. Multivariate Analysis Application with IBM SPSS 21 Update PLS Regression Program. Semarang:
Diponegoro University Publishing Agency.
4) _______. 2016. Quantitative & Qualitative Research Design for Accounting, Business, and Other Social Sciences. Yoga
Pratama. Semarang
5) Komaludin, A., & Wahid, N.N. (2017). Analysis of Ability to Prepare Financial Statements, Managerial Ability,
Entrepreneurial Spirit, and Motivation as Determinants of Operational Performance. Journal of Management Economics,
3(2):104–13.
6) Lubanraja, P., & Lubis, A. N. (2017). The Development of Micro, Small and Medium Enterprises in Batam City. Talenta,
2(4), 41–47
7) Montaseb, M. M. (2018). The Factors Affecting SMEs' Outsourcing Decision Making. The Business and Management
Review, 9(3), 9–10.
8) Martono, Nanang. (2010). The Quantitative Research Method. Jakarta: RajaGrafindo Persada
9) Nugraha, R.V. (2019). The Effect of Product Innovation, Quality Information, Process Innovation on Company Operational
Performance in Coffee Shop in Yogyakarta. Journal of Management, 22(1):1–8.
10) O. Hamalik. (1993). Educational Media (6th ed.). Bandung : Citra Aditya.
11) Parmenter, D. (2015). Key Performance Indicators: Developing, Implementing, and Using Winning KPIs. (3rd ed.). Hoboken,
New Jersey: Jhon Wiley & Sons, Inc.Pramaishella, N.A. (2017). The Effect of Capital, Government Support, and
Competence of Human Resources on the Performance of Micro, Small and Medium Enterprises. Journal of Accounting,
1(1):1–27.
12) Sembiring, R. (2016). The Effect of Motivation and Managerial Ability on the Performance of Small and Medium
Enterprises in Medan City. Journal of SULTANIST, 4(1):65–70.
13) Subroto, S., Hapsari, I. M., & Astutie, Y. P. (2016). Analysis of Factors Influencing the Performance of Micro, Small and
Medium Enterprises (MSMEs) in Brebes Regency. Proceedings of the National Seminar on Research and social PKM,
Economics, and Humanities, 337–344.
14) Sugiyono, 2013. Educational Research Methods Quantitative Approach, Qualitative, and R&D. Bandung: Alfabeta
15) Sulistyowati, E., & Lestari, N. S. (2016). Factors Determining the Success of Small and Medium Enterprises in the City of
Yogyakarta. Journal of MAKSIPRENEUR, VI(1), 24–36.
16) V. Rivai. (2005). Human Resource Management for Companies, from Theory to Practice. Jakarta: PT. Raja Grafindo
Persada.
17) Warren, J. (2011). Key Performance Indicators (KPI)-Definition and action: Integrating KPIs into your company's strategy.
At Internet
18) Wu, D. (2009). Measuring Performance in Small and Medium Enterprises in The Information and Communication
Technology Industries. Thesis Scholar of Management College of Business RMIT University, Australia, unpublished
19) Winardi, J. (2008). Entrepreneur and Entrepreneurship. Jakarta: Kencana
20) Yanti, W.I.P. (2019). The Effect of Financial Inclusion and Financial Literacy on the Performance of MSMEs in North
Moyo District. Journal of Management and Business, 2(2019)
21) Yin, Robert K. (2000). Case Study: Design and Methods (3rd ed.). PT. Rajagrafindo Persada. Jakarta.