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Policy Discussion SeriesStrategic Resilience for SMEs' Sustainable Growth in Global Competitive Turbulence
F. Mario Andaru
Sebelas Maret University
Solo, Indonesia
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Abstract
This research underscores the pivotal role of sustainable business strategies for small and medium enterprises (SMEs). Integrating economic, social, and environmental aspects is crucial for sustainability. Successful implementation yields enhanced reputation and financial performance. SMEs must adapt and innovate to thrive globally. Participation in networks and alliances facilitates resource access. Integrating sustainability into financial policies aligns with long-term goals. Support from sustainable investments is vital for growth. Managing sustainability risks ensures business continuity. Embracing sustainable strategies enables positive societal and environmental contributions. Recommendations urge SMEs to adopt sustainability practices while policymakers provide supportive policies. This study highlights the paramount importance of sustainable strategies and resilience for SMEs in today's dynamic global landscape.
Keywords: Keywords: SMEs, SME sustainable growth, strategic resilience
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