Increasing MSMEs Competitiveness In Facing Society 5.0 Era

DOI

10.2991/978-2-38476-204-0_2How to use a DOI?

Keywords

Competitiveness; Digital MSMEs; Society 5.0 Era

Abstract

Business and technology are interdependent. Indonesia has recently stepped into the “Society 5.0” age. Technology now permeates every facet of existence. Because of this, societies need to be prepared to use breakthroughs from the Revolution 4.0 period to address a variety of issues. The Society 5.0 period aims to address people’s needs by producing jobs in addition to bridging the technological and human divides. Indonesian MSMEs are currently working to recover from the COVID-19 pandemic-related slowdown. The globe is waiting impatiently for Indonesian goods, so this could be a business opportunity. There is a sizable market for both food security and digitization technology. The top market position in the ASEAN area is held by Indonesia. In the age of Society 5.0, the MSMEs sector is one that is crucial. However, only a small percentage of MSMEs (about 16% of all MSMEs in Indonesia) have embraced digitization. To make MSMEs more competitive in the Society 5.0 era, numerous initiatives are required. The qualitative method (document/text study) was employed in this investigation. According to the study’s findings, MSMEs can become more competitive by (i) developing their digital skills, (ii) learning by doing, (iii), increasing their human resources, (iv) incorporating teamwork, (v) adopting an educational curriculum that emphasizes human-digital skills, and (vi) utilizing the government’s regulatory role.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Erni Puspanantasari Putri
AU  - Ontot Murwato
AU  - I. G. N. Anom Maruta
AU  - Bonifacius Raditya Sri Pramana Putra
AU  - Agatha Hannabel Avnanta Puteri
PY  - 2024
DA  - 2024/03/25
TI  - Increasing MSMEs Competitiveness In Facing Society 5.0 Era
BT  - Proceedings of the 2nd International Conference on Multidisciplinary Sciences for Humanity in Society 5.0 Era (ICOMSH 2022)
PB  - Atlantis Press
SP  - 4
EP  - 10
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-204-0_2
DO  - 10.2991/978-2-38476-204-0_2
ID  - Putri2024
ER  -