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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
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