Research Article

THE IMPACT OF RAPID CHANGES ON SMALL AND MEDIUM- SIZED ENTERPRISES (SMES) IN THE IT SECTOR DUE TO COVID-19

Volume: 2 Number: 2 December 30, 2020
  • Michael Okumagba
  • Mojdeh Mehrganrad
EN TR

THE IMPACT OF RAPID CHANGES ON SMALL AND MEDIUM- SIZED ENTERPRISES (SMES) IN THE IT SECTOR DUE TO COVID-19

Abstract

This research investigates the impact of COVID-19 on the SMEs’ performance. There have been rapid changes in the operations, functionality, leadership, entrepreneurship, job risk and earning. However, there is no conclusive evidence if the SMEs operating in the London has benefited more or adversely affected by the emergence of COVID-19. This cross-sectional research considered 30 SMEs (mainly operating in the IT sector) to investigate the research problem. The quantitative analysis is carried out to attain the mathematical objectivity for establishing the correlation and regression among the variables of interest. Results confirmed that there is strong negative correlation between the COVID-19, and all considered variables, except for the job risk. In other words, the job risk further escalated with the worsen situation of COVID-19. The results also showed that there are some limited advantages such as commute expense and office utility expenses has reduced, however, the work-life-balance has stressed employees further.

Keywords

References

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Details

Primary Language

English

Subjects

Business Administration

Journal Section

Research Article

Authors

Michael Okumagba This is me
United Kingdom

Mojdeh Mehrganrad This is me
United Kingdom

Publication Date

December 30, 2020

Submission Date

September 14, 2020

Acceptance Date

December 28, 2020

Published in Issue

Year 2020 Volume: 2 Number: 2

APA
Okumagba, M., & Mehrganrad, M. (2020). THE IMPACT OF RAPID CHANGES ON SMALL AND MEDIUM- SIZED ENTERPRISES (SMES) IN THE IT SECTOR DUE TO COVID-19. Economics Business and Organization Research, 2(2), 161-183. https://izlik.org/JA86XR96ZP
AMA
1.Okumagba M, Mehrganrad M. THE IMPACT OF RAPID CHANGES ON SMALL AND MEDIUM- SIZED ENTERPRISES (SMES) IN THE IT SECTOR DUE TO COVID-19. Economics Business and Organization Research. 2020;2(2):161-183. https://izlik.org/JA86XR96ZP
Chicago
Okumagba, Michael, and Mojdeh Mehrganrad. 2020. “THE IMPACT OF RAPID CHANGES ON SMALL AND MEDIUM- SIZED ENTERPRISES (SMES) IN THE IT SECTOR DUE TO COVID-19”. Economics Business and Organization Research 2 (2): 161-83. https://izlik.org/JA86XR96ZP.
EndNote
Okumagba M, Mehrganrad M (December 1, 2020) THE IMPACT OF RAPID CHANGES ON SMALL AND MEDIUM- SIZED ENTERPRISES (SMES) IN THE IT SECTOR DUE TO COVID-19. Economics Business and Organization Research 2 2 161–183.
IEEE
[1]M. Okumagba and M. Mehrganrad, “THE IMPACT OF RAPID CHANGES ON SMALL AND MEDIUM- SIZED ENTERPRISES (SMES) IN THE IT SECTOR DUE TO COVID-19”, Economics Business and Organization Research, vol. 2, no. 2, pp. 161–183, Dec. 2020, [Online]. Available: https://izlik.org/JA86XR96ZP
ISNAD
Okumagba, Michael - Mehrganrad, Mojdeh. “THE IMPACT OF RAPID CHANGES ON SMALL AND MEDIUM- SIZED ENTERPRISES (SMES) IN THE IT SECTOR DUE TO COVID-19”. Economics Business and Organization Research 2/2 (December 1, 2020): 161-183. https://izlik.org/JA86XR96ZP.
JAMA
1.Okumagba M, Mehrganrad M. THE IMPACT OF RAPID CHANGES ON SMALL AND MEDIUM- SIZED ENTERPRISES (SMES) IN THE IT SECTOR DUE TO COVID-19. Economics Business and Organization Research. 2020;2:161–183.
MLA
Okumagba, Michael, and Mojdeh Mehrganrad. “THE IMPACT OF RAPID CHANGES ON SMALL AND MEDIUM- SIZED ENTERPRISES (SMES) IN THE IT SECTOR DUE TO COVID-19”. Economics Business and Organization Research, vol. 2, no. 2, Dec. 2020, pp. 161-83, https://izlik.org/JA86XR96ZP.
Vancouver
1.Michael Okumagba, Mojdeh Mehrganrad. THE IMPACT OF RAPID CHANGES ON SMALL AND MEDIUM- SIZED ENTERPRISES (SMES) IN THE IT SECTOR DUE TO COVID-19. Economics Business and Organization Research [Internet]. 2020 Dec. 1;2(2):161-83. Available from: https://izlik.org/JA86XR96ZP