Short answer

When designing interventions or support systems for businesses, consider how to integrate and facilitate collaboration among government, industry, community, academic institutions, and media.

Field: Innovation & Markets
Source: Advances in economics, business and management research/Advances in Economics, Business and Management Research (2023)
Method: Qualitative descriptive research
Evidence: Moderate effect

Collaborative efforts between government, business, community, academia, and media (the pentahelix model) can significantly enhance the resilience and recovery of Micro, Small, and Medium Enterprises (MSMEs) during economic crises. This innovation & markets research insight is drawn from a 2023 study published in Advances in economics, business and management research/Advances in Economics, Business and Management Research. Using Qualitative descriptive research, researchers explored how this design variable affects real-world outcomes. The key design takeaway: When designing interventions or support systems for businesses, consider how to integrate and facilitate collaboration among government, industry, community, academic institutions, and media.

Study

Innovation & MarketsRecentModerate effect

Pentahelix Model Drives MSME Resilience During Economic Shocks

Advances in economics, business and management research/Advances in Economics, Business and Management Research · 2023

Key Findings

01The pentahelix model, involving government, business, community, academia, and media, was implemented by the Tangerang City government.
02This collaborative approach aimed to encourage the development and recovery of MSMEs.

Application

Design takeaway

When designing interventions or support systems for businesses, consider how to integrate and facilitate collaboration among government, industry, community, academic institutions, and media.

How to apply

When developing a business strategy or support program for a vulnerable sector, map out potential collaborators across government, private sector, academia, community groups, and media, and define their roles and contributions.

Project actions

01When researching a business problem, consider how different groups of people or organizations could work together to solve it.
02Think about who the 'stakeholders' are for your design project and how they can contribute.

Method & Evidence

AimTo analyze the effectiveness of the pentahelix model in supporting the development and recovery of MSMEs during the COVID-19 pandemic.

MethodQualitative descriptive research

ProcedureThe study described the actual conditions and the implementation of the pentahelix model in Tangerang City to support MSMEs during the COVID-19 pandemic.

ContextMicro, Small, and Medium Enterprises (MSMEs) in Tangerang City during the COVID-19 pandemic.

Variables

IVImplementation of the pentahelix model (collaboration between government, business, community, academia, media).

DVMSME development and recovery.

CVCOVID-19 pandemic, economic conditions in Tangerang City.

Strengths & Limitations

Strengths

+Focuses on a practical, collaborative model for business support.
+Highlights the importance of diverse stakeholder involvement.

Limitations

The success of the pentahelix model can depend heavily on the specific context and the willingness of each sector to participate effectively.

Reliability & validity

The qualitative nature of the study may limit generalizability, and findings are context-specific to Tangerang City during the pandemic. Reliability would depend on consistent data collection and interpretation across the described implementation.

Think critically

To what extent can the success of the pentahelix model be replicated in contexts with less established inter-sectoral relationships or different governance structures?

Design Principles

"Foster inter-sectoral collaboration for enhanced business resilience."

This research highlights a strategic framework for fostering business continuity and adaptation in the face of unforeseen disruptions. By understanding how these diverse stakeholders can synergically support MSMEs, designers and strategists can develop more robust business models and support systems.

What This Means for Your Design

Working together – the government, businesses, local people, schools, and news – can help small businesses survive tough times like the pandemic.

How to use in your project

1.Use this research to justify the importance of stakeholder collaboration in your design project's problem-solving approach.

Add to My Project

Quick Cite

Paragraph starter

The pentahelix model, as demonstrated in the recovery efforts for MSMEs during the COVID-19 pandemic, highlights the critical role of multi-stakeholder collaboration. By integrating the efforts of government, business, community, academia, and media, design projects can foster greater resilience and effectiveness in addressing complex challenges.

Source

Advances in economics, business and management research/Advances in Economics, Business and Management Research

Analysis of the Implementation of the Pentahelix Model as a Way Out to Save Micro, Small and Medium Enterprises (MSMEs) During Covid 19 in Tangerang City

journal · 2023

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Questions About This Research

What does the research say about pentahelix model drives msme resilience during economic shocks?: When designing interventions or support systems for businesses, consider how to integrate and facilitate collaboration among government, industry, community, academic institutions, and media. Evidence: Advances in economics, business and management research/Advances in Economics, Business and Management Research (2023).
Why does "Pentahelix Model Drives MSME Resilience During Economic Shocks" matter for design?: This research highlights a strategic framework for fostering business continuity and adaptation in the face of unforeseen disruptions. By understanding how these diverse stakeholders can synergically support MSMEs, designers and strategists can develop more robust business models and support systems.
How can designers apply this research?: When designing interventions or support systems for businesses, consider how to integrate and facilitate collaboration among government, industry, community, academic institutions, and media.
What were the main findings?: The pentahelix model, involving government, business, community, academia, and media, was implemented by the Tangerang City government.. This collaborative approach aimed to encourage the development and recovery of MSMEs.
What research method was used?: Qualitative descriptive research.
How strong is the evidence?: Evidence strength is rated Moderate effect, based on a 2023 journal from Advances in economics, business and management research/Advances in Economics, Business and Management Research.
What should I do differently in my next project?: When developing a business strategy or support program for a vulnerable sector, map out potential collaborators across government, private sector, academia, community groups, and media, and define their roles and contributions.
What are the limitations?: The study is specific to Tangerang City and the COVID-19 context, potentially limiting generalizability to other regions or economic conditions.