Innovation development of small business in Indonesia

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23410%2F23%3A43970949" target="_blank" >RIV/49777513:23410/23:43970949 - isvavai.cz</a>

Result on the web

<a href="https://www.ieeca.org/journal/index.php/JEECAR/article/view/1511" target="_blank" >https://www.ieeca.org/journal/index.php/JEECAR/article/view/1511</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.15549/jeecar.v10i6.1511" target="_blank" >10.15549/jeecar.v10i6.1511</a>

Result language

angličtina

Original language name

Innovation development of small business in Indonesia

Original language description

This study examines the factors influencing innovation development in small businesses in Indonesia across various sectors. Innovation is widely recognized as a critical factor in the competitiveness of businesses. This development potential is essential for the entrepreneurs who participated in the questionnaire survey. In fact, out of a total of 85.50% of them are already currently running a business, and they also consider innovation very important. A sample of 400 small business owners was analyzed using descriptive analysis to identify eight factors related to innovation development, including knowledge exploitation, interactive processes, knowledge-intensive business process improvement, new technology-based firms, go-to-market strategies, stricter regulation, and stimulation. The results revealed that three factors were particularly dominant in innovation development. Specifically, knowledge exploitation was strongly correlated with knowledge-intensive, while interactive processes were strongly correlated with knowledge exploitation. Finally, knowledge-intensive was strongly related to knowledge exploitation. These findings underscore the importance of knowledge and interaction in driving innovation among small businesses in Indonesia. By prioritizing these dominant factors, small businesses can develop strategies to remain competitive in a rapidly evolving business environment.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Eastern European and Central Asian Research

ISSN

2328-8272

e-ISSN

2328-8280

Volume of the periodical

10

Issue of the periodical within the volume

6

Country of publishing house

US - UNITED STATES

Number of pages

12

Pages from-to

888-899

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85178284543