ENHANCING R&D IN TAIWANESE SMALL AND MEDIUM ENTERPRISES: AN ANALYSIS OF POST COVID-19 BUSINESS SURVIVAL STRATEGIES
The COVID-19 pandemic significantly impacted businesses, particularly small and medium enterprises (SMEs). Despite numerous setbacks, some SMEs demonstrated resilience by adopting innovative survival strategies, including investment in research and development (R&D). This study investigates the...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
UUM Press
2025-01-01
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| Series: | International Journal of Management Studies |
| Subjects: | |
| Online Access: | https://e-journal.uum.edu.my/index.php/ijms/article/view/18602 |
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| Summary: | The COVID-19 pandemic significantly impacted businesses, particularly small and medium enterprises (SMEs). Despite numerous setbacks, some SMEs demonstrated resilience by adopting innovative survival strategies, including investment in research and development (R&D). This study investigates the extent of R&D investment among selected SMEs in Taiwan and its role in their survival during the pandemic. Using a mixed methods approach, data was collected through semi-structured questionnaires, with participants representing various SME categories until saturation was achieved. SME proprietors provided insights on how R&D investments contributed to their resilience. The findings indicate that 73.3% of respondents invested directly in R&D and 54.3% reported that R&D investments positively impacted their business survival during the pandemic. The study recommends that SMEs enhance their R&D capabilities by developing staff skills and allocating specific funds for R&D in their budgets to better withstand future disruptions.
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| ISSN: | 2232-1608 2180-2467 |