THE INFLUENCE OF THE EXTERNAL ENVIRONMENT AND MANAGERIAL FACTORS ON THE FINANCIAL PERFORMANCE OF MSMES THROUGH STRATEGIC PLANNING
DOI:
https://doi.org/10.24252/assets.v15i2.59353Keywords:
External Environment, Managerial Factors, Strategic Planning, Financial Performance, MSMEs.Abstract
Increasingly tight business competition requires Micro, Small, and Medium Enterprises (MSMEs) to be more adaptive in facing changes in the external environment and improving managerial capabilities in order to achieve optimal financial performance. This study aims to analyze the influence of the external environment and managerial factors on the financial performance of MSMEs in Makassar City with strategic planning as an intervening variable. A quantitative approach was used in this study with a survey method involving MSMEs in the food and beverage sector that have been operating for at least two years. The purposive sampling technique was applied in selecting the sample. Data analysis was carried out using the Structural Equation Modeling (SEM) method to test the relationship between the variables studied. The results of the study indicate that the external environment and managerial factors have a significant effect on the financial performance of MSMEs, with strategic planning as an intervening variable that strengthens the relationship. This finding emphasizes the importance of adapting to business dynamics and improving managerial quality and strategic planning for the sustainability and growth of MSMEs. Therefore, developing strategies based on external environmental analysis and strengthening internal competencies are the keys to increasing the competitiveness of MSMEs in facing changing market challenges.
References
Adam. (2024). Perceived Risk and External Finance Usage in Small- and Medium-Sized Enterprises: Unveiling the Moderating Influence of Business Age.
Akbar, F. (2022). Financial Management Behavior Pada UMKM (Usaha Mikro Kecil dan Menengah) Di Indonesia. Financial Management Behavior Pada Umkm (Usaha Mikro Kecil Menengah)Di Indonesia, 4(1), 127–137.
Azizah, Z., & Ali, H. (2025). Pengaruh Lingkungan Eksternal , Inovasi Produk dan Strategi Pemasaran terhadap Peningkatan Produktivitas Perusahaan. 2(4), 164–172.
Charles, N. A., Ojera, P. B., & David, O. (2015). Factors influencing choice of strategic management modes of small enterprises. Journal of Innovation and Entrepreneurship, 4(1). https://doi.org/10.1186/s13731-014-0016-y
Endayani. (2024). Manajemen umkm dan kewirausahaan (Issue December).
Gandrita, D. M. (2023). Improving Strategic Planning: The Crucial Role of Enhancing Relationships between Management Levels. Administrative Sciences, 13(10). https://doi.org/10.3390/admsci13100211
Gerhart, B., & Feng, J. (2021). The Resource-Based View of the Firm, Human Resources, and Human Capital: Progress and Prospects. Journal of Management, 47(7), 1796–1819. https://doi.org/10.1177/0149206320978799
Mokodompit, M. P., Syarifuddin, S., & Mutia, S. (2019). Identifikasi Faktor Yang Mempengaruhi Kinerja Umkm. Jurnal Profita, 12(2), 242. https://doi.org/10.22441/profita.2019.v12.02.005
Pandak, A., & Dwiyanjana Santyo Nugroho. (2023). Pengaruh Financial Technology Dan Kemampuan Manajerial Terhadap Kinerja Keuangan Umkm. 1(3), 311–320.
Pereira, L., Hanggari, T., Rini, C., Pendidikan, U., Sorong, M., Internal, L., & Bersaing, K. (2022). menyimpulkan dari penelitiannya bahwa faktor lingkungan eksternal berpengaruh positif secara signifikan terhadap kinerja bisnis UMKM. Jurnal Ilmiah Nasional, 4(3), 162–169.
Prabasari, B., & Amalia, N. R. (2022). Pengaruh Sales Growth Dan Capital Structure Terhadap Financial Perfomance. Solusi, 20(3), 230. https://doi.org/10.26623/slsi.v20i3.5357
Purwidianti, W. (2015). Pengaruh Faktor Internal Dan Eksternal Terhadap Kinerja Usaha Industri Kecil Dan Menengah Di Purwokerto Utara. Wida Purwidianti, 192(80),192–216. Https://Jurnal.Umj.Ac.Id/Index.Php/Maa16/Article/View/2852%0ahttps://Jurnal.Umj.Ac.Id/Index.Php/Maa16/Article/Download/2852/2428
Putri, D., Harahaap, I., Sugiarti, S., & Efendi, B. (2023). Peningkatan Kinerja Keuangan UMKM di Indonesia Melalui Literasi Keuangan dan Inklusi Keuangan. Edunomika, 08(01), 1–10.
Sekretariat Kadin. (2024). Data Dan Statistik. Kadin Indonesia Indonesian Chamber Of Commerce And Industry.
Soehandoko, J. G. (2023). Ungkap 4 Masalah dan Tantangan UMKM Indonesia.
Susanthi, P. R. (2017). Analisis Lingkungan Internal Dan Eksternal Dalam Mencapai Tujuan Perusahaan (Studi Kasus Stie Galileo Batam). Jurnal Elektronik REKAMAN, 1(1), 30–42.
Yenny Dwi Suharyani, D. (2023). Perencanaan Strategis Berkelanjutan. Jurnal Ilmiah Global Education, 2(2), 767–778.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
