Abstract
This study examines the effect of business model innovation, product diversification, and government policy on business sustainability. This quantitative study uses the SEM-PLS path analysis method using the SmartPLS application. The population was all business actors (MSMEs) in the Jambi City tourism area. The sample was selected using the purposive sampling method with the following criteria: 2 years of business, financial reports' availability, and a clear Standart Operation Procedure or business model. There were 100 people obtained as the sample. The results found that business model innovation, product diversification, and government policy significantly and positively affected business sustainability. This research provides a view of transforming the traditional business model into an innovative business model.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.