Abstract
The previous research reveals the significant influence of entrepreneurial competencies on entrepreneur's performance. This finding indicates that there should be further exploration of entrepreneurial competencies. This study aims to determine the entrepreneurial competencies regarding the process. Moreover, this research uses the quantitative approach with non-parametric structural equation modeling. The population of this study is the creative industry in Bandung. The research samples are 119 entrepreneurs in the creative industry. This study finds that some competencies are the components that create the entrepreneurial competencies of creative industries entrepreneurs in Bandung. The components are Relationship Competencies, Opportunity Competencies, Strategic Competencies, Human Competencies and Personal Strength Competencies. The research implication recommends increasing the value of the creator's components of entrepreneurial competencies. Hence, they have implications on the performance of MSMEs in the sector of creative industry in Bandung.
Highlights
IntroductionIndonesia's economic growth shows more stable and sustained improvement
In recent years, Indonesia's economic growth shows more stable and sustained improvement
This study aims to fill the gap of previous research by predicting the components of entrepreneurial competencies in MSMEs in the creative industry sector
Summary
Indonesia's economic growth shows more stable and sustained improvement. Based on data released by Bank Indonesia, Indonesia's economic growth in 2017 was at 5.05%. It is better than economic growth in 2016 at 5.02%. The creative economy sector shows its increasing contribution to Indonesia's economic growth. This sector is predicted to be the backbone and a new force for Indonesian economy. This optimism becomes a new hope and passion for growing the potency of creative economy to overgrow and to be the competitive strengths of Indonesia's economy amid the increasingly competitive world market (Kemenparekraf, 2014)
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