Implementation of Risk Management in Micro and Small Enterprises: Case Study at Kota Ternate

Article Sidebar

Published Dec 12, 2025
https://doi.org/10.31605/mandar.v8i1.5915
Download
PDF
Statistic
Vol 8 No 1 (2025): December Period

Main Article Content

Zandy Pratama Zain
Universitas Khairun
Agatha Christy Situru
085298542752
Rusandry
Universitas Khairun
Syahrial Maulana
Universitas Khairun

Abstract

Ternate city as a trading hub in North Maluku, holds great potential as well as its own challenges for MSMEs. This study aims to determine how MSME business actors in Ternate City review risks, implement risk management strategies, and maintain their businesses amidst current market competition. This research uses a qualitative method with data collection techniques through interviews. Based on the results of interviews with each MSME business actor, they face various risks, one of which is unsold or easily damaged products, which can be a significant obstacle if not managed properly. In addition, in facing competition, promoting through social media is an effective step. Products in high demand can boost revenue, but careful attention must be paid to inventory management and quality. A good promotional strategy can attract market attention. The implication of this study shows that MSME business actors are said to be successful if they have the ability to manage risks and take advantage of market opportunities, not only in terms of product quality

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Zain, Z. P., Situru, A. C., Rusandry, & Maulana, S. (2025). Implementation of Risk Management in Micro and Small Enterprises: Case Study at Kota Ternate. MANDAR: Management Development and Applied Research Journal, 8(1), 93-104. https://doi.org/10.31605/mandar.v8i1.5915

References

Agyei-Mensah, S. (2017). Risk management and financial performance of small and medium enterprises in Ghana. Journal of Small Business and Enterprise Development, 24(2), 245-263.

Ali Emrouznejad, Sina Abbasi, Çiğdem Sıcakyüz (2023). Supply chain risk management: A content analysis-based review of existing and emerging topics. Supply Chain Analytics. Volume 3, September 2023, 100031.

Badan Pusat Statistik. (2023). Statistik UMKM Indonesia 2023. Badan Pusat Statistik.

Bank Indonesia. (2023). Peran UMKM dalam Perekonomian Nasional. Bank Indonesia.

Batara Surya, dkk. (2021). Peran UMKM dalam Perekonomian Indonesia. Jurnal Ekonomi dan Bisnis, 24(1), 1-15.

Bensaada, I., & Taghezout, N. (2019). An Enterprise Risk Management Framework for . International Journal of Risk and Contingency Management (IJRCM), 8(2), 1-19.

Creswell, J. W. (2011). Research design: Pendekatan kualitatif, kuantitatif, dan mixed. Pustaka Pelajar.

Creswell, J. W., & Poth, C. N. (2018). Qualitative Inquiry and Research Design: Choosing Among Five Approaches.

COSO. (2017). Enterprise Risk Management: Integrating with Strategy and Performance. Committee of Sponsoring Organizations of the Treadway Commission.

Esubalew, A. A., & Raghurama, A. (2017). Revisiting the Global Definitions of MSMEs: Parametric and Standardization Issues. Asian Journal of Research in Business Economics and Management, 7(8), 429-440.

ISO 31000. (2018). Risk management – Guidelines. International Organization for Standardization.

Knight, G. A., & Liesch, P. W. (2016). Internationalization: From incremental to radical. Journal of World Business, 51(1), 15-26.

Kotler, P., & Armstrong, G. (2010). Principles of marketing. Pearson Education.

McKinsey Global Institute. (2024). A microscope on small businesses: Spotting opportunities to boost productivity. McKinsey & Company.

Lestari, E. D., et al. (2024). Investigating the factors of SMEs' business resilience in the post-pandemic crisis of COVID-19 with technology adoption as a quasi-moderator: A multigroup analysis of Indonesian and Malaysian SMEs. Cogent Business & Management, 11, 2301135.

Mthiyane, C. C., et al. (2025). Exploring Risk Management Strategies in Small and Medium Enterprises (SMEs): A Qualitative Study. Journal of Risk and Financial Management, 18(3), 102

Nakandala, D., et al. (2024). SME supply chain resilience in disruptive times: The effects of supply chain robustness, access to government assistance and disruption intensity. Business Process Management Journal.

Pandey, A., & Chaudhary, S. (2024). Exploring Risk Management Strategies in Small and Medium Enterprises (SMEs): A Qualitative Study. Journal of Risk and Financial Management, 18(3), 102. Stanford University Libraries. (2025). Qualitative research. Stanford University. https://guides.library.stanford.edu/qualitative_research

Tambunan, T. (2019). UMKM di Indonesia: Tantangan dan Peluang. Jurnal Ekonomi dan Bisnis, 22(1), 1-12.

World Bank. (2020). Indonesia: Supporting Micro, Small, and Medium Enterprises (MSMEs) to Create Jobs and Boost Economic Growth. World Bank Group.