The interaction model of the strategic environment and business resilience (Empirical study of small medium enterprise in Indonesia)

SMEs in Indonesia have an important role to play in the economy, but the COVID-19 pandemic and changing business environment have affected their performance and resilience.This research aims to find financial and risk management strategies that support SMEs in achieving the desired performance and identify the relationship between financial strategies and SME resilience amid dynamic business changes.This research aims to identify financial management and risk management strategies that support SMEs in Indonesia in achieving their goals amid the changing business environment and the impact of the COVID-19 pandemic.This research is a quantitative study that uses questionnaires as a data collection method.The study respondents were owners of Small and Medium Enterprises (SMEs) in South Sulawesi.This research shows that wise financial management and effective risk management are key to improving the resilience of Small and Medium Enterprises (SMEs) in Indonesia.SMEs that can manage their funding, investments, and assets well, and have a well-planned financial strategy, tend to be better able to deal with changes in the business environment and achieve pre-set business goals.Smart financial management, effective risk management, and a good understanding of assets are key to strengthening the resilience of SMEs in Indonesia, especially after the impact of the COVID-19 pandemic, to achieve pre-set business goals.