Business Agility to Cope with the Increasing National Minimum Wage After the Covid-19 Pandemic: A Case of SMEs in Mauritius
摘要
Traditional business planning may not be the optimal preference for various firms across the world due to the unpredictable and dynamic business environment. The current research is based on business agility which involves the adaptability of firms particularly the SME Sector in Mauritius to the internal and external changes. A National Minimum Wage (NMW) was introduced in Mauritius in 2018 to alleviate alleged exploitation of low wage workers. The study intends to examine how the SMEs in Mauritius adapted themselves to survive in the market after the lockdown because of Covid-19. There are various factors to be taken into consideration in this study in terms of innovation, adaptability, optimisation of use of resources and digital transformation or automation of job tasks. The study adopted a quantitative approach via a survey through a questionnaire as a research instrument. A relatively large sample of 393 participants from the SME Sector responded to this survey. Three hypotheses emerged from the literature review which has been tested using the data collected from the questionnaire. The study revealed that with an increase in NMW and the Covid-19 pandemic, the SMEs have had to adopt changes with the factors under study and adoption of automation to remain competitive in the market. The outcomes of this research represent empirical evidence in the field.