The resilience of micro, small and medium enterprises in Indonesia: COVID-19 perspective

This study aims to investigate the effect of risk-taking on innovativeness, also the impact of entrepreneurial orientation, innovativeness, and adaptive strategy on the resilience of micro, small and medium enterprises (MSME). This study was conducted on MSME actors throughout Indonesia and the analysis used was structural equation modelling (SEM). The results show that risk-taking positively affects innovativeness, while entrepreneurial orientations, innovativeness, and adaptive strategy have a significant positive effect on resilience. This research implies that MSME actors who can survive the COVID-19 pandemic must consider taking risks, continuously innovate, have an entrepreneurial spirit, and are always adaptive to change. The innovations that MSME continues to make, increases the company's competitiveness under any circumstances, including during the COVID-19 pandemic. MSMEs that have high innovation will have high resilience under any circumstances.