Entrepreneurship Research Articles

Dampak Self-Management terhadap Mindset Entrepreneurial: Studi Kasus pada UMKM di Kota Pangkalpinang

This study aims to analyze the impact of self-management on entrepreneurial mindset among Micro, Small, and Medium Enterprise (MSME) owners in Pangkalpinang City. This research uses a quantitative approach with a data collection method through a questionnaire involving 100 respondents of MSME owners in Pangkalpinang City. The data obtained were analyzed using Statistical Package for the Social Sciences (SPSS) software to test the validity, reliability, and relationship between self-management variables and entrepreneurial mindset. The results of the analysis show that there is a significant positive impact between self-management and entrepreneurial mindset, with a coefficient of determination of 0,947. This indicates that improving self-management skills significantly contributes to the development of a proactive, innovative, and adaptive mindset among MSME owners. This research is expected to provide deeper insights and policy recommendations for the development of training and support programs that focus on improving self-management skills and strengthening entrepreneurial mindset, in order to improve the performance and competitiveness of MSMEs in Pangkalpinang City.

IMPACTS OF INNOVATION EVENTS ON THE DEVELOPMENT OF ENTREPRENEURSHIP SKILLS: A CASE STUDY OF CAMPUS PARTY BRASIL

This study investigates the impact of student participation in innovation events on the development of entrepreneurial skills, using Campus Party Brasil 2023 as a case study. The research adopts a qualitative and quantitative approach, combining primary data obtained through questionnaires applied to 25 students, with secondary data extracted from a literature review. Data analysis was conducted using Bardin's (2004) content analysis method, with pre-analysis and coding stages. Triangulation between primary and secondary data ensured the validity of the findings. The results indicate that innovation events provide a favorable environment for the development of skills such as problem-solving, creativity, leadership, and teamwork. The study advances the literature by offering empirical evidence that reinforces the importance of integrating practical experiences, such as hackathons and entrepreneurship marathons, into the formal entrepreneurial education curriculum. In addition, it highlights the role of these events in forming contact networks and expanding internship and employment opportunities for students, which is not widely addressed in previous studies. By examining the interaction between theory and practice in the development of entrepreneurial skills, this work contributes to a deeper understanding of how innovation events can complement academic training, providing an interdisciplinary education and preparing students for market challenges. The study suggests that the systematic inclusion of events, such as Campus Party, in educational programs can be an effective strategy to strengthen experiential learning and foster an entrepreneurial mindset.

Transforming Small-Scale Farm Entrepreneurship Through Innovation: the Case of Cross Link

The study focuses on the critical role of innovation, education, and technology in fostering agricultural entrepreneurship among youth, particularly in Sub-Saharan Africa. The research highlights the challenges and opportunities encountered in the intersection of traditional agricultural practices and modern technology. The purpose of the research is to bridge the gap in literature regarding young agricultural entrepreneurs in Ghana, providing a detailed case study that could serve as motivation for other aspiring small-scale farmers. The paper investigates the factors that contributed to the success of Cross Link Farms, including the educational background, networking, and mentorship received by the entrepreneur, as well as the practical application of innovative technologies such as smart incubators and hydroponic systems. This case-paper demonstrates the importance of entrepreneurial education that instilled a passion in a student to become the co-founder of a farm entrepreneurship startup. The paper applied a case study approach; data were collected through the usage of interview. The interview was recorded and transcribed. The data were analyzed interpretively. The main conclusions emphasize that innovation and technology, when coupled with a strong educational foundation and support system, are vital in transforming agriculture in Ghana and similar regions. Cross Link Farms serves as a model for how young entrepreneurs can leverage these elements to drive change, enhance food security, and contribute to rural development. The findings suggest that targeted policies and programs that foster entrepreneurial innovation in agriculture are essential for sustainable development in Sub-Saharan Africa. Based on the case-study findings, recommendations for future research include conducting empirical studies involving entrepreneurs in sub-Saharan countries to assess the role of curiosity, resilience and passion in their entrepreneurship journey.

Enhancing Digital Literacy in Balongdowo Village for MSMEs Development through Digital Application Training

The development of digital literacy is an important aspect in mastering digital marketing strategies, especially in the face of today's global competition, given the importance of digital literacy, the right product marketing strategy is needed to improve the digital competence of Micro, Small, and Medium Enterprises (MSMEs) through seminars and workshop assistance for UMKM entrepreneurs in Balongdowo village. The purpose of this community service activity is first to increase digital marketing knowledge and develop digital literacy of MSMEs business actors in Balongdowo Village, Candi District, Sidoarjo and the second is to implement Digital marketing applications (Istagram, Facebook, Sophee, Tokopedia platforms) through workshops and mentoring activities that focus on marketing village products involving resource persons who are experts in the field of digital marketing. The target of this activity is UMKM entrepreneurs and young entrepreneurs in the Balongdowo Village area. The results of this service activity show a significant increase in participants' knowledge and skills in utilizing technology to manage transactions and market MSMEs products. In addition, the participants were aware of the importance of digital security and ethics in the use of information. Overall, this activity succeeded in increasing the enthusiasm of UMKM actors to understand and apply digital marketing technology. And it is hoped that participants will be more prepared to compete positively, both at the local and national levels. In the future, it is hoped that continuous training can be held as a strategic step to ensure the sustainability of the use of technology in the management of MSME businesses in Balongdowo Village.

Unpacking innovation in digital multi-sided platform startups: making sense of path creation in generating two distinct types of innovation

Purpose This study aims to investigate the role of effectual logic as the basis of entrepreneurial action in path creation for influencing the performance of open innovation outcomes within the context of digital multi-sided platform (MSP) startups. Design/methodology/approach We utilize the PLS-SEM method with a sample of 70 Indonesian digital MSP startups that have implemented open innovation practices. Findings The empirical findings indicate a path creation between effectual logic and the open innovation process, particularly through the integration of absorptive capacity and crowds or communities management practices. Absorptive capacity development fosters incremental innovation, whereas crowds or communities management practices lead to radical innovation. Originality/value The research findings suggest that, despite limited resources and experience, young entrepreneurs can successfully implement an open innovation strategy for their digital MSP platforms by utilizing effectual logic principles, which capitalize on the external resources provided by digital platform ecosystem members.

Social media and entrepreneurial competence: the impact of Linkedin on boosting entrepreneurial engagement of Gen-Z

Research Objective: This study examines the impact of LinkedIn usage on entrepreneurial competence and engagement of Gen-Z aged between 18-27. Motivation: This study is motivated by the increased dependence young entrepreneurs have on social media as a channel for professional development and networking. The study builds on works of Banerji & Reimer, (2019) on start-up founders and their LinkedIn connections, Franc, Stampfl, & Geyer, (2024) worked-related learning on LinkedIn, and Vitelar (2019) on Gen-Z and the use of social media. Idea: This research tests the direct effect of the usage of LinkedIn on Gen-Z individuals' entrepreneurial competence and engagement. It assumes that high engagement in learning and networking activities on LinkedIn will be followed by an equivalent improvement in their entrepreneurial outcomes. In this research, the independent variables are the patterns of usage on LinkedIn, while the dependent variables are entrepreneurial competence and engagement. Data: The quantitative research methodology was adopted, and the survey was conducted through Google Forms among 350 Gen-Z users on the professional networking site LinkedIn. Tools: Descriptive statistics, Pearson's correlation, and multiple regression analyses were used for the collected data. Findings: The results indicated that the different usage patterns—such as the frequency of login and engagement on LinkedIn Learning—had a significantly positive correlation with both entrepreneurial competence and engagement. Regression analysis pointed out entrepreneurial competence as one of the chief predictors for entrepreneurial engagement. Therefore, it is concluded that LinkedIn is quite instrumental in enhancing the entrepreneurial capacity of Gen-Z; it therefore gives relevant insights to entrepreneurs and the developers of this particular platform. Contribution: The paper thereby provides empirical evidence on the specific impact of LinkedIn on Gen-Z entrepreneurs, which enriches the literature of social media and entrepreneurship. Keywords: LinkedIn, Gen-Z, Entrepreneurial Competence, Social Media, Professional Networking.

A crystallized exposition on promoting an entrepreneurial mindset in Kazakhstan higher education institutions

A crystallized exposition on promoting an entrepreneurial mindset in Kazakhstan higher education institutions

Cultivating the Entrepreneurial Mindset: Integrating Theory and Practice in Curricula across University Departments

Cultivating the Entrepreneurial Mindset: Integrating Theory and Practice in Curricula across University Departments

Determining Factors for Startup Success in Indonesia: Perspective of Young Entrepreneurs

The entrepreneurial ecosystem in Indonesia is expanding rapidly, driven by the active involvement of young entrepreneurs. However, the factors influencing the success of these startups remain understudied. This research aims to explore the key determinants of startup success from the perspective of young entrepreneurs in Indonesia. A mixed-methods approach was adopted, incorporating both quantitative surveys and qualitative interviews with startup founders. The quantitative data was analyzed using SmartPLS, while thematic analysis was applied to the qualitative insights. The findings reveal that market adaptability, financial management, mentorship, and innovation are the primary factors contributing to the success of startups. These elements are crucial in shaping the sustainability and growth of startups in the Indonesian context. Understanding these factors can provide valuable insights for aspiring entrepreneurs, investors, and policymakers, helping to create a supportive environment for startup development and success.

Improving Business Performance of SMEs Using SDGs Components and Business Strategy

This study aims to describe and analyze the correlation of the SDGs components related to business strategy and performance of SMEs. Sustainable Development Goals (SDGs) were conceptually used as basic variables in improving the business performance of small and medium enterprises (SMEs) in order to reduce poverty alleviation. The type of this research is explanatory research. The number of samples in this study were 170 respondents of SMEs determined by structural equation model (SEM) as the method of analyzing data, which is operated by AMOS. The population is 295 SMEs. The result of this study shows that the greatest influence of performance of SMEs was business operational strategy of 6,365, and the smallest effect was on SDGs economic indicators to business operational strategy of 1,022. In this case, it can be stated that the sustainable development goals (SDGs) have a significant influence on the business operational strategy and business performance of SMEs. For small and medium entrepreneurs in Yogyakarta, seeing SDGs as a development goal will affect their operational business strategy, especially related to economic variables. Keywords: business performance, business strategy, poverty alleviation, small and medium enterprise (SMEs), SDGs

Entrepreneurial Mindset: Cultivating Innovation for Success in the Digital Age

The development of an entrepreneurial mindset is becoming more widely acknowledged as essential for promoting innovation and attaining success in today’s quickly changing digital environment. An overview of the vital role that an entrepreneurial mindset plays in fostering innovation in the digital age is given in this abstract. It looks at how people and organizations can adopt entrepreneurial values to take advantage of new opportunities, manage uncertainty, and adjust to technology improvements. Developing an entrepreneurial mindset is crucial for success in the fast-paced digital world as it promotes creativity. This study explores the importance of fostering an entrepreneurial mindset in the modern day as a means of promoting innovation. It looks at how people and organizations may use entrepreneurial ideas to overcome uncertainty, take advantage of opportunities, and adjust to the rapid growth of technology. This study explores the characteristics of an entrepreneurial mindset by utilizing interdisciplinary viewpoints from the fields of technology, psychology, and entrepreneurship. It also covers methods for encouraging an entrepreneurial attitude in a variety of settings, such as business, community, and education. This seeks to shed light on how an entrepreneurial attitude is essential for fostering innovation and offer strategies for individuals and companies to prosper in the rapidly changing digital environment.

Seeding young entrepreneurs: The role of business incubators

This study focusses on young entrepreneurs and considers the extent of business incubators’ impact on the development and visibility of projects headed by young people. To do so, we analyse incubators’ role as ecosystems for entrepreneurship in Spain based on the 2023 Funcas survey. First, we categorised incubators according to entrepreneurs’ age, defining young incubators as those in which most of the businesses are run by individuals under 35, excluding those over that age. We analyse variables that include the services offered and the frequency of events or training within the incubators to determine which approaches benefit or harm young entrepreneurs. This study uses a statistical approach, with quantitative data from the questionnaire as a starting point to characterise and identify young entrepreneurial profiles in business incubators. We develop and test two hypotheses using the chi-squared test, which is a non-parametric (distribution free) technique. Finally, we include a brief analysis of young entrepreneurs’ personality traits to shed light on some defining characteristics, concluding that personal initiative is a key feature amongst entrepreneurs under the age of 35. We conclude that the incubator system in Spain harms young entrepreneurs and propose some relevant recommendations to reverse this trend.

Implementing an entrepreneurial mindset through activities in recycling course

There is an urgent need to connect theoretical knowledge acquired in engineering courses with practical, real-world applications to promote knowledge sustainability. To address this need, an entrepreneurially minded learning (EML) approach was implemented in an elective course titled Recycling of Advanced Engineering Materials. This approach enables students to explore the phases and interactions involved in product development by formulating and communicating requirements and solutions that consider both societal benefits and economic constraints, reflecting the entrepreneurial mindset behaviors outlined by the Kern Entrepreneurial Engineering Network (KEEN). The EML activities included hands-on recycling experiences and visits to local recycling companies, emphasizing motivation and overcoming conceptual learning barriers while enhancing students' entrepreneurial knowledge and reasoning skills. This study analyzed students' performance in exams, class discussions, and term projects alongside their perceptions of the engagement activities. Survey questions were designed to assess the impact of these activities on the development of students' entrepreneurial knowledge and abilities, utilizing a Likert scale for responses. Results from survey questions indicated that the EML approach significantly enhanced students' entrepreneurial knowledge and reasoning abilities, motivating them to engage in critical thinking and self-directed learning to address real-world challenges.

Words That Resonate: Synthesizing Insights From Engineering Faculty Collaboration on Entrepreneurial Mindset

Words That Resonate: Synthesizing Insights From Engineering Faculty Collaboration on Entrepreneurial Mindset

TINJAUAN LITERATUR: Pendidikan Entrepreneur Mahasiswa

The purpose of this research is to identify and direct efforts needed to enhance the role of higher education institutions in entrepreneurship education. The method for searching data sources for articles was conducted through the GARUDA database (2019-2023) to retrieve relevant articles published in Bahasa Indonesia. Terms and key phrases related to student entrepreneurs were reviewed through abstracts or texts of research journals before being included in the review according to criteria. Based on the analysis of the literature review, there were 59 relevant journals found. The review results indicate that by implementing relevant curriculum provision steps, business incubators and startup accelerators, entrepreneurship skills training, collaboration with industries, funding support, entrepreneurship mindset development, and coaching and mentoring programs, universities are expected to play a more effective role in preparing students to become successful entrepreneurs. This, in turn, will contribute to economic growth, job creation, and achieving Indonesia's vision as a developed country by 2045.

청년창업가의 개인역량과 창업준비수준이 창업성과에 미치는 영향 요인 연구 : 창업컨설팅의 조절효과 중심으로

The purpose of this study was to verify the effect of young entrepreneurs' individual competency and start-up preparation level on start-up performance and the moderating effect on the reliability and satisfaction of start-up consulting. To this end, 190 surveys collected for young entrepreneurs living across the country were used for empirical analysis, and hierarchical regression analysis was conducted using SPSS v28.0. As a result of the analysis, first, it was found that item selection and start-up preparation period had a significant effect on start-up performance, which is a dependent variable among young entrepreneurs' individual competencies, and it was found that start-up funds did not significantly affect start-up performance among individual competencies in leadership competency, technological innovation competency, and start-up preparation level. Second, the moderating effect, consulting reliability and satisfaction, was found to partially control the individual competency and start-up performance of young entrepreneurs, and there was no moderating effect between the start-up preparation level and start-up performance of young entrepreneurs. Therefore, it can be confirmed that the individual competency and start-up preparation level of young entrepreneurs are important variables as they affect start-up performance. The results of these studies are hoped to be helpful to young entrepreneurs preparing for start-ups and policy makers for start-up support in customized policies for fostering young entrepreneurs.

The Analysis Factors Influencing the Implementation of Digital Social Entrepreneurship Application in Learning Engineering Education Using Structural Equation Modelling

A big part of being an entrepreneur is keeping up with modern technological advancements. However, many factors can lead to the ambition to launch an online company. Digital social entrepreneurship methodology examines the effects of college students' entrepreneurial mindset, smartphone usage habits, and Locus of Control on their digital business intentions. This research is fundamental because it provides information to universities that they can use to evaluate their plans for a digital-based entrepreneurship learning model that will help them provide a good education. This study involved 428 respondents, and the data obtained from the respondents were examined using the application of structural equation modeling with a survey approach for this research, which looks at a small portion of the community and collects data through questionnaires. The primary data was examined using SmartPLS 4.0 software and structural equation modeling. This study found that having an entrepreneurial mindset, smartphone use, and locus of control exerts a substantial and meaningful impact on one's aspiration to become a digital entrepreneur. We wanted to find out how college students' thinking about being an entrepreneur affects their desire to become a digital entrepreneur, using smartphone usage habits and locus of control as influencing factors. To make someone who wants to become an entrepreneur, this research needs to measure Digital Entrepreneurial Intention appropriately in students who take Entrepreneurship courses.

How Does the Performance of Islamic Microfinance Institutions Affect the Welfare of SMEs?: Empirical study of BTM Mulia Babat

This study aims to assess the direct and indirect effectiveness of Islamic microfinance services, particularly financing products, in enhancing the welfare of small and medium-sized entrepreneurs (SMEs) in Lamongan, with Baitul Tamwil Muhammadiyah (BTM) Mulia Babat as the case study. The partial least square-structural equation modeling method is used in this quantitative study, examining data from 52 respondents, where the respondent data are BTM Mulia Babat business financing customers. The findings of this study found that Islamic microfinance services and business assistance directly have a positive impact on SMEs' increase in income. However, Islamic microfinance services and business assistance indirectly do not impact SMEs' welfare. Despite the increase in SMEs' income, it directly impacts SMEs' welfare. The novelty of this study is to identify the effectiveness of Islamic microfinance institutions in improving the welfare of SMEs. This study presents evidence of the impact of Islamic microfinance institutions on the welfare of micro and medium entrepreneurs. It can encourage more Islamic microfinance programs to offer feasible Islamic microfinance services as an alternative to boosting SMEs in the regions. This study's empirical implications and findings highlight the importance of business assistance from Islamic MIFs as business financing providers to support businesses.

Cost - benefit analysis of DISCOs by Optimal allocation of DGs and DSTATCOM using GTO algorithm

Electric power Distribution Companies (DISCOs) provide low-cost, reliable, and consistent voltage power from distribution substations. DISCOs have radial transmission lines with all buses as load buses and no generating buses. The voltage at each bus decreases, resulting in larger network losses and voltage variations, which lowers DISCO and customer costs and benefits. This study strategically uses Distributed Generation (DGs) and DSTATCOM to optimize cost-benefit analysis and voltage stability for Distribution Companies (DISCOs). We planned DG unit and DSTATCOM deployment using a new and comprehensive Group Teaching Optimization (GTO) method in this study. The algorithm considers Distribution Company and DG Owner profitability simultaneously. Group Teaching Optimization (GTO) is used on a 33-node test system. MATLAB simulations show the GTO's usefulness in Distribution System Operators.

Exploring Competitive Intelligence Effectiveness on SMEs Performance: The Meditating Influence of Entrepreneurial Orientation

The small and medium-sized enterprise (SME) sector is the backbone of the economies of most large countries, driving employment and economic growth. Competitive intelligence (CI) is a major concern for academics and practitioners, as it affects company strategy. In the current uncertain global climate, CI is crucial, as it fosters the development of new ideas and innovations. Given that more established companies typically hold this association, the overarching goal of this study was to explore how smaller companies' entrepreneurial drive interacts with their use of CI to boost performance, thereby adding to the existing body of knowledge. We obtained information from 504 small business owners or managers, and tested the suggested heuristic model via descriptive statistics and partial least squares structural equation modelling (PLS-SEM). The results indicated that entrepreneurial orientation (EO) plays a significant role in mediating the impact of CI on SMEs' performance. We confirmed that CI has a direct effect on SMEs' performance, as does the nexus between CI and EO. However, EO mediates this connection. On the basis of the results of this research, SME managers should maintain a thriving entrepreneurial mindset while developing novel strategic approaches to increase innovation and productivity. Furthermore, we provide valuable recommendations for future research, and we urge policymakers to launch entrepreneurship programmes to help SMEs develop an entrepreneurial drive and a conceptual model that positions EO as a strong indicator of CI and SME performance.