Developing the Business Resilience - Technopreneur and Digital Transformation Model
DOI:
https://doi.org/10.35791/jat.v6i2.64305Keywords:
Business resilience, COVID-19, digital transformation, government assistance, innovation, knowledge management, MSMEs, technopreneurAbstract
Abstract: This research aims to develop a business resilience model on MSMEs during COVID-19 theoretically and empirically. This research uses the TCM method for literature review analysis and SEM for model testing. The object population of this research is MSMEs in a rural area in Indonesia. The sample of this research is 301 MSME owners who are still surviving during COVID-19. The results reveal no significant direct influence of government support assistance on business resilience. However, government support assistance, knowledge management, and innovation through technopreneur have a significant impact on digital transformation, and then digital transformation on business resilience. The research made new theoretical and empirical contributions of MSMEs to utilize government support in business resilience models and knowledge management and innovation concerning entrepreneurship.
Keywords: Business resilience; COVID-19; digital transformation; government assistance; innovation; knowledge management; MSMEs; technopreneur.
References
[1] Kovács S, Rabbi MF, Máté D. Global Food Security, Economic and Health Risk Assessment of the COVID-19 Epidemic. Mathematics 2021;9:2398. https://doi.org/10.3390/math9192398.
[2] Tisdell CA. Economic, social and political issues raised by the COVID-19 pandemic. Econ Anal Policy 2020;68:17–28. https://doi.org/10.1016/j.eap.2020.08.002.
[3] Rodrigues M, Franco M, Sousa N, Silva R. COVID 19 and the Business Management Crisis: An Empirical Study in SMEs. Sustainability 2021;13:5912. https://doi.org/10.3390/su13115912.
[4] Han E, Tan MMJ, Turk E, Sridhar D, Leung GM, Shibuya K, et al. Lessons learnt from easing COVID-19 restrictions: an analysis of countries and regions in Asia Pacific and Europe. Lancet 2020;396:1525–34. https://doi.org/10.1016/S0140-6736(20)32007-9.
[5] Bonacini L, Gallo G, Scicchitano S. Working from home and income inequality: risks of a ‘new normal’ with COVID-19. J Popul Econ 2021;34:303–60. https://doi.org/10.1007/s00148-020-00800-7.
[6] Ibn-Mohammed T, Mustapha KB, Godsell J, Adamu Z, Babatunde KA, Akintade DD, et al. A critical review of the impacts of COVID-19 on the global economy and ecosystems and opportunities for circular economy strategies. Resour Conserv Recycl 2021;164:105169. https://doi.org/10.1016/j.resconrec.2020.105169.
[7] Gereffi G. What does the COVID-19 pandemic teach us about global value chains? The case of medical supplies. J Int Bus Policy 2020;3:287–301. https://doi.org/10.1057/s42214-020-00062-w.
[8] Albert JRG, Abrigo MRM, Quimba FMA, Vizmanos JF V. Poverty, the Middle Class, and Income Distribution amid COVID-19. PIDS Discuss Pap Ser 2020.
[9] Suryahadi A, Al Izzati R, Suryadarma D. Estimating the Impact of Covid-19 on Poverty in Indonesia*. Bull Indones Econ Stud 2020;0:1–34. https://doi.org/10.1080/00074918.2020.1779390.
[10] Purnama SG, Susanna D. Attitude to COVID-19 Prevention With Large-Scale Social Restrictions (PSBB) in Indonesia: Partial Least Squares Structural Equation Modeling. Front Public Heal 2020;8:1–10. https://doi.org/10.3389/fpubh.2020.570394.
[11] Melsom T. Coronavirus (COVID-19) and Indonesia: Modelling the External Financial Shock July 2020. 2020.
[12] Muhyiddin, M., & Nugroho H. A Year of Covid-19: A Long Road to Recovery and Acceleration of Indonesia’s Developmen. J Perenc Pembang Indones J Dev Plan 2021;5(1):1–19. https://doi.org/10.36574/jpp.v5i1.
[13] Eggers F. Masters of disasters? Challenges and opportunities for SMEs in times of crisis. J Bus Res 2020;116:199–208. https://doi.org/10.1016/j.jbusres.2020.05.025.
[14] Tumiwa JR, Nagy A. Micro, Small, and Medium Enterprises in Emerging Economies and Economic Transition: A comparative study between Indonesia and Hungary. Int J Entrep Small Bus 2021;43:22–38.
[15] Caiazza R, Phan P, Lehmann E, Etzkowitz H. An absorptive capacity-based systems view of Covid-19 in the small business economy. Int Entrep Manag J 2021;17:1419–39. https://doi.org/10.1007/s11365-021-00753-7.
[16] Fath B, Fiedler A, Sinkovics N, Sinkovics RR, Sullivan-Taylor B. International relationships and resilience of New Zealand SME exporters during COVID-19. Crit Perspect Int Bus 2021;17:359–79. https://doi.org/10.1108/cpoib-05-2020-0061.
[17] Adekola J, Clelland D. Two sides of the same coin: Business resilience and community resilience. J Contingencies Cris Manag 2020;28:50–60. https://doi.org/10.1111/1468-5973.12275.
[18] Steiner A, Atterton J. The contribution of rural businesses to community resilience. Local Econ 2014;29:228–44. https://doi.org/10.1177/0269094214528853.
[19] PENG C, MA B, ZHANG C. Poverty alleviation through e-commerce: Village involvement and demonstration policies in rural China. J Integr Agric 2021;20:998–1011. https://doi.org/10.1016/S2095-3119(20)63422-0.
[20] HAJI K. E-commerce development in rural and remote areas of BRICS countries. J Integr Agric 2021;20:979–97. https://doi.org/10.1016/S2095-3119(20)63451-7.
[21] Hartungi R. Understanding the success factors of micro-finance institution in a developing country. Int J Soc Econ 2007;34:388–401. https://doi.org/10.1108/03068290710751803.
[22] Paruntu CP, Tumiwa J. Community model in coastal area to eradicate proverty in South Bolaang Mongondow and East Bolaang Mongondow, North Sulawesi. J Asean Stud Marit Issues 2016;2:17–29.
[23] Ilyas IP, Semiawan T. Production-based Education (PBE): The Future Perspective of Education on Manufacturing Excellent. Procedia - Soc Behav Sci 2012;52:5–14. https://doi.org/10.1016/j.sbspro.2012.09.436.
[24] Nurdin M. Center of Technology (COT) for Industrial Product Development through Collaboration and Partnership in Polytechnic Education. Procedia - Soc Behav Sci 2012;52:207–16. https://doi.org/10.1016/j.sbspro.2012.09.457.
[25] Purnomo BR, Adiguna R, Widodo W, Suyatna H, Nusantoro BP. Entrepreneurial resilience during the Covid-19 pandemic: navigating survival, continuity and growth. J Entrep Emerg Econ 2021;13:497–524. https://doi.org/10.1108/JEEE-07-2020-0270.
[26] Hohenstein N-O, Feisel E, Hartmann E, Giunipero L. Research on the phenomenon of supply chain resilience. Int J Phys Distrib Logist Manag 2015;45:90–117. https://doi.org/10.1108/IJPDLM-05-2013-0128.
[27] Mandal S. Impact of supplier innovativeness, top management support and strategic sourcing on supply chain resilience. Int J Product Perform Manag 2020. https://doi.org/10.1108/IJPPM-07-2019-0349.
[28] Klein VB, Todesco JL. COVID-19 crisis and SMEs responses: The role of digital transformation. Knowl Process Manag 2021;28:117–33. https://doi.org/10.1002/kpm.1660.
[29] Vong WT, Kong MLF, Lai CCE, Then PHH, Teo TH. Investigating the Roles of Knowledge Management Practices in Empowering Rural Youth to Bridge the Digital Divide in Rural Sarawak. J Integr Des Process Sci 2017;21:61–79. https://doi.org/10.3233/jid-2017-0012.
[30] Priyono A, Moin A, Putri VNAO. Identifying digital transformation paths in the business model of smes during the covid-19 pandemic. J Open Innov Technol Mark Complex 2020;6:1–22. https://doi.org/10.3390/joitmc6040104.
[31] Beckmann M, Garkisch M, Zeyen A. Together we are strong? A systematic literature review on how SMEs use relation-based collaboration to operate in rural areas. J Small Bus Entrep 2021;0:1–35. https://doi.org/10.1080/08276331.2021.1874605.
[32] Winarsih, Indriastuti M, Fuad K. Impact of Covid-19 on Digital Transformation and Sustainability in Small and Medium Enterprises (SMEs): A Conceptual Framework. Adv. Intell. Syst. Comput., vol. 1194 AISC, Springer International Publishing; 2021, p. 471–6. https://doi.org/10.1007/978-3-030-50454-0_48.
[33] Elia G, Margherita A, Passiante G. Digital entrepreneurship ecosystem: How digital technologies and collective intelligence are reshaping the entrepreneurial process. Technol Forecast Soc Change 2020;150:119791. https://doi.org/10.1016/j.techfore.2019.119791.
[34] Nambisan S, Wright M, Feldman M. The digital transformation of innovation and entrepreneurship: Progress, challenges and key themes. Res Policy 2019;48:103773. https://doi.org/10.1016/j.respol.2019.03.018.
[35] Kindangen P, Tumiwa JR, Sepang JL. POVERTY ALLEVIATION IN URBAN AREAS OF NORTH SULAWESI, INDONESIA: THE ROLE OF HUMAN RESOURCES. Int J Soc Sci Econ Res 2019;4:1384–95.
[36] Giang NTH, Hai PTT, Tu NTT, Tan PX. Exploring the readiness for digital transformation in a higher education institution towards industrial revolution 4.0. Int J Eng Pedagog 2021;11:4–24. https://doi.org/10.3991/IJEP.V11I2.17515.
[37] Santisteban J, Mauricio D, Nacional U, San M De, Nacional U, San M De. Critical success factors for technology-based startups Orestes Cachay Faculty of Industrial Engineering , 2021;42:397–421.
[38] Venkataraman S. Regional transformation through technological entrepreneurship. J Bus Ventur 2004;19:153–67. https://doi.org/10.1016/j.jbusvent.2003.04.001.
[39] Koe WL. Data on technopreneurial intention among male and female university students: A comparison. Data Br 2020;33:106423. https://doi.org/10.1016/j.dib.2020.106423.
[40] Scarlat C. Technopreneurship - an Emerging Concept. Faima Bus Manaj J 2014;2:5–13. https://doi.org/10.1001/archneur.1991.00530230086029.
[41] Barringer P. Process Reliability Techniques Help Make More Money. Oper. Excell., Hoboken, NJ, USA: John Wiley & Sons, Inc; 2015, p. 213–27. https://doi.org/10.1002/9781118990162.ch13.
[42] He Y, Gu C, He Z, Cui J. Reliability-oriented quality control approach for production process based on RQR chain. Total Qual Manag Bus Excell 2018;29:652–72. https://doi.org/10.1080/14783363.2016.1224086.
[43] Fitriasari F. How do Small and Medium Enterprise (SME) survive the COVID-19 outbreak? J Inov Ekon 2020;5:53–62. https://doi.org/10.22219/jiko.v5i3.11838.
[44] Purnomo A, Septianto A, Sutiksno DU, Hikmawan MI, Kumalasari RD. Technopreneur publication: A bibliometric analysis (2000-2019). Proc 2020 Int Conf Inf Manag Technol ICIMTech 2020 2020:521–6. https://doi.org/10.1109/ICIMTech50083.2020.9211111.
[45] Kholief M. Government innovation 4.0: The roadmap to digital transformation in Egypt. In: L P, M.W P, editors. Towar. Digit. World Ind. X.0 - Proc. 29th Int. Conf. Int. Assoc. Manag. Technol. IAMOT 2020, Cairo: University of Pretoria; 2020, p. 761–84.
[46] Chowdhury M, Prayag G, Orchiston C, Spector S. Postdisaster Social Capital, Adaptive Resilience and Business Performance of Tourism Organizations in Christchurch, New Zealand. J Travel Res 2019;58:1209–26. https://doi.org/10.1177/0047287518794319.
[47] Sarstedt M, Ringle CM, Hair JF. Partial Least Squares Structural Equation Modeling. Handb. Mark. Res., vol. 21, Cham: Springer International Publishing; 2017, p. 1–40. https://doi.org/10.1007/978-3-319-05542-8_15-1.
[48] Hair JF, Risher JJ, Sarstedt M, Ringle CM. When to use and how to report the results of PLS-SEM. Eur Bus Rev 2019;31:2–24. https://doi.org/10.1108/EBR-11-2018-0203.
[49] Paul J, Criado AR. The art of writing literature review: What do we know and what do we need to know? Int Bus Rev 2020;29:101717. https://doi.org/10.1016/j.ibusrev.2020.101717.
[50] Kovács TZ, David F, Nagy A, Szűcs I, Nábrádi A. An Analysis of the Demand-Side, Platform-Based Collaborative Economy: Creation of a Clear Classification Taxonomy. Sustainability 2021;13:2817. https://doi.org/10.3390/su13052817.
[51] Gonzales-Gemio C, Cruz-Cázares C, Parmentier MJ. Responsible innovation in smes: A systematic literature review for a conceptual model. Sustain 2020;12:1–27. https://doi.org/10.3390/su122410232.
[52] Nagy A, Fenyves V, Nábrádi A. Project management systems in agriculture in the northern great plain region of Hungary. Zb Rad 44 Hrvat i 4 Medunar Simp Agron Opatija, Hrvat 16-20 Veljače 2009 2009:223–6.
[53] Hutajulu S, Dhewanto W, Prasetio EA. Two scenarios for 5G deployment in Indonesia. Technol Forecast Soc Change 2020;160. https://doi.org/10.1016/j.techfore.2020.120221.
[54] Nurunnabi M. Recovery planning and resilience of SMEs during the COVID-19: experience from Saudi Arabia. J Account Organ Chang 2020;16:643–53. https://doi.org/10.1108/JAOC-07-2020-0095.
[55] Baldock R, Mason C. Establishing a new UK finance escalator for innovative SMEs: the roles of the Enterprise Capital Funds and Angel Co-Investment Fund. Ventur Cap 2015;17:59–86. https://doi.org/10.1080/13691066.2015.1021025.
[56] Xiang D, Worthington AC. The impact of government financial assistance on the performance and financing of Australian SMEs. Account Res J 2017;30:447–64. https://doi.org/10.1108/ARJ-04-2014-0034.
[57] Birskyte L, Mingelaite D. Government financial support: Does it improve the performance of small and medium-sized enterprises in Lithuania? Int J Entrep Small Bus 2021;43:142–63. https://doi.org/10.1504/IJESB.2021.115320.
[58] Culkin N. Entrepreneurial universities in the region: the force awakens? Int J Entrep Behav Res 2016;22:4–16. https://doi.org/10.1108/IJEBR-12-2015-0310.
[59] Tumiwa J, Paruntu CP. The Analysis of Human Capital Building and Financial Assistance on Small Medium Enterprises Development in Manado and Tomohon. J ASEAN Stud Marit Issues 2017;3:1–12.
[60] Djalante R, Lassa J, Setiamarga D, Sudjatma A, Indrawan M, Haryanto B, et al. Review and analysis of current responses to COVID-19 in Indonesia: Period of January to March 2020. Prog Disaster Sci 2020;6:100091. https://doi.org/10.1016/j.pdisas.2020.100091.
[61] Hidayatullah DR, Darmawan A, Kallidumban S. Finding the strategy after corona crisis: the new normal and resilient economy growth in indonesia. Internatioal J Econ Business, Entrep 2020;3:64–79.
[62] Surjaningsih N, Utari GAD, Trisnanto B. the Impact of Fiscal Policy on the Output and Inflation. Bul Ekon Monet Dan Perbank 2012;14:367–96. https://doi.org/10.21098/bemp.v14i4.409.
[63] Tambunan T. SME Development in Indonesia: Do Economic Growth and Government Supports Matter? SSRN Electron J 2008;4:111–33. https://doi.org/10.2139/ssrn.1218922.
[64] Chiang LC, Fatt JPT. Government development assistance programmes (GDAPs) for small- and medium-sized enterprises (SMEs) in a knowledge-based economy. Int J Entrep Innov Manag 2004;4:124–37. https://doi.org/10.1504/IJEIM.2004.004720.
[65] Nan W (Vince), Park M. Improving the resilience of SMEs in times of crisis: The impact of mobile money amid Covid‐19 in Zambia. J Int Dev 2021. https://doi.org/10.1002/jid.3596.
[66] Tumiwa JR. Fiscal and monetary policies in Indonesia. Econ Work Cap 2020:15–22.
[67] Sommarberg M, Makinen SJ. Technopreneurial characteristics rising from the ashes of creative destruction. PICMET 2018 - Portl Int Conf Manag Eng Technol Manag Technol Entrep Engine Econ Growth, Proc 2018. https://doi.org/10.23919/PICMET.2018.8481846.
[68] Burhan M, Salam MT, Hamdan OA, Tariq H. “Crisis management in the hospitality sector SMEs in Pakistan during COVID-19″. Int J Hosp Manag 2021;98:103037. https://doi.org/10.1016/j.ijhm.2021.103037.
[69] Guiliani F, Cisneros L, Saba T, Cachat-Rosset G. Between the devil and the deep blue see: the role of situated optimism. Rev Int PME 2021;34:13–35.
[70] Schumpeter JA, Clemence R V. Essays: On entrepreneurs, innovations, business cycles and the evolution of capitalism. Essays Entrep Innov Bus Cycles Evol Capital 2017:1–341. https://doi.org/10.4324/9781351311489.
[71] Pujanis V, Khairunnisaa S, Meuthia M. Technopreneurship in Small Travel Entreprises (STEs): A Conceptual Framework of Performance Measurement. Sains Humanika 2015;5:43–9. https://doi.org/https://doi.org/10.11113/sh.v5n2.628.
[72] Ayala JC, Manzano G. The resilience of the entrepreneur. Influence on the success of the business. A longitudinal analysis. J Econ Psychol 2014;42:126–35. https://doi.org/10.1016/j.joep.2014.02.004.
[73] Portuguez Castro M, Gómez Zermeño MG. Being an entrepreneur post-COVID-19 – resilience in times of crisis: a systematic literature review. J Entrep Emerg Econ 2021;13:721–46. https://doi.org/10.1108/JEEE-07-2020-0246.
[74] Abdulgani M, Mantikayan J. Exploring Factors that Affect Technopreneurship: A Literature Review. CCSPC R&D J 2017;1:98–114.
[75] Shamsuddin N, Mohd F. Social media and technopreneurial intention: A model based on technopreneur development. Opcion 2018;34:501–17.
[76] Li L, Su F, Zhang W, Mao JY. Digital transformation by SME entrepreneurs: A capability perspective. Inf Syst J 2018;28:1129–57. https://doi.org/10.1111/isj.12153.
[77] Sulianta F, Sapriya H. User generated content platform as a new media for technopreneur writer in industrial age version 4. Int J High Educ 2019;8:63–76. https://doi.org/10.5430/ijhe.v8n3p63.
[78] Klongthong W, Thavorn J, Thanabodypath W, Dhammathattariya P, Chandrachai A. The influence of entrepreneurial self-efficacy and innovation on firm performance: Evidence from thai startup firms. Humanit Soc Sci Lett 2020;8:450–63. https://doi.org/10.18488/JOURNAL.73.2020.84.450.463.
[79] Dilyard J, Zhao SS, You JJ. Digital innovation and Industry 4.0 for global value chain resilience: Lessons learned and ways forward. THUNDERBIRD Int Bus Rev 2021;63:577–84. https://doi.org/10.1002/tie.22229.
[80] Hrivnák M, Moritz P, Chreneková M. What Kept the Boat Afloat? Sustainability of Employment in Knowledge-Intensive Sectors Due to Government Measures during COVID-19 Pandemic. Sustainability 2021;13:8441. https://doi.org/10.3390/su13158441.
[81] Ruslianti E, Mulyaningrum. An Innovation for the Resilience and Development of MSMEs in Majalengka Regency , Indonesia. Adv. Soc. Sci. Educ. Humanit. Res., vol. 510, 2020, p. 632–43.
[82] El Hilali W, El Manouar A, Janati Idrissi MA. Reaching sustainability during a digital transformation: a PLS approach. Int J Innov Sci 2020;12:52–79. https://doi.org/10.1108/IJIS-08-2019-0083.
[83] Mahmutaj LR, Rocheska S, Krasniqi BA. Complementary relationship between types of innovation in SMEs: The context of Kosovo. Int J Entrep Small Bus 2021;43:252–86. https://doi.org/10.1504/IJESB.2021.115361.
[84] Rivetti F, Migliaccio M, Capasso A. Innovation orientation: An investigation of Italian SMEs producing building materials. Int J Entrep Small Bus 2021;42:187–202. https://doi.org/10.1504/IJESB.2021.112245.
[85] Okuyama M, Sakakura K, Yasui T, Maeno T. Building an open innovation model over a horizontal network by applying the open innovation theory on SMEs in Japan. From a case study on Shitamachi Bobsleigh Network Project in Ota City, Tokyo. Int J Entrep Small Bus 2021;42:69–92. https://doi.org/10.1504/IJESB.2021.112262.
[86] González-Varona JM, López-Paredes A, Poza D, Acebes F. Building and development of an organizational competence for digital transformation in SMEs. J Ind Eng Manag 2021;14:15–24. https://doi.org/10.3926/jiem.3279.
[87] Pollard D, Svarcova J. Promoting knowledge transfer to Czech SMEs: The role of human resource development in increasing absorptive capacity. Int J Entrep Small Bus 2009;8:499–515. https://doi.org/10.1504/IJESB.2009.025695.
[88] Besson P, Rowe F. Strategizing information systems-enabled organizational transformation: A transdisciplinary review and new directions. J Strateg Inf Syst 2012;21:103–24. https://doi.org/10.1016/j.jsis.2012.05.001.
[89] Doherty NF, King M. From technical to socio-technical change: Tackling the human and organizational aspects of systems development projects. Eur J Inf Syst 2005;14:1–5. https://doi.org/10.1057/palgrave.ejis.3000517.
[90] Bouwman H, Nikou S, de Reuver M. Digitalization, business models, and SMEs: How do business model innovation practices improve performance of digitalizing SMEs? Telecomm Policy 2019;43:101828. https://doi.org/10.1016/j.telpol.2019.101828.
[91] Chen Y-YK, Jaw Y-L, Wu B-L. Effect of digital transformation on organisational performance of SMEs. Internet Res 2016;26:186–212. https://doi.org/10.1108/IntR-12-2013-0265.
[92] Gregurec I, Tomičić Furjan M, Tomičić-Pupek K. The Impact of COVID-19 on Sustainable Business Models in SMEs. Sustainability 2021;13:1098. https://doi.org/10.3390/su13031098.
[93] Pratama V, Santoso I, Mustaniroh SA. Development strategy of SMEs in the new normal era of coronavirus disease 2019 (COVID-19): A literature review. IOP Conf Ser Earth Environ Sci 2021;733. https://doi.org/10.1088/1755-1315/733/1/012058.
[94] Ogrean C, Herciu M. Romania’s SMEs on the Way to EU’s Twin Transition to Digitalization and Sustainability. Stud Bus Econ 2021;16:282–95. https://doi.org/10.2478/sbe-2021-0040.
[95] Păunescu C, Mátyus E. Resilience measures to dealing with the COVID-19 pandemic Evidence from Romanian micro and small enterprises. Manag Mark Challenges Knowl Soc 2020;15:439–57. https://doi.org/10.2478/mmcks-2020-0026.
[96] Orengo-Serra KL, Sánchez-Jauregui M. Coping with earthquakes and COVID-19: A perspective of customer relationship management. Estud Gerenciales 2021;37:318–31. https://doi.org/10.18046/j.estger.2021.159.4435.
[97] Scott N, Laws E. Tourism crises and disasters: Enhancing understanding of system effects. J Travel Tour Mark 2006;19:149–58. https://doi.org/10.1300/J073v19n02_12.
[98] Casalino N, Zuchowski I, Labrinos N, Nieto ÁLM, Martín-Jiménez JA. Digital strategies and organizational performances of smes in the age of coronavirus: Balancing digital transformation with an effective business resilience. Law Econ Yrly Rev 2020;8:347–80. https://doi.org/10.2139/ssrn.3563426.
[99] Yanto H, Yulianto A, Sebayang LKB, Mulyaga F. Improving the compliance with accounting standards without public accountability (SAK ETAP) by developing organizational culture: A case of Indonesian SMEs. J Appl Bus Res 2017;33:929–40. https://doi.org/10.19030/jabr.v33i5.10016.
[100] Karadag DH. The Role of SMEs and Entrepreneurship on Economic Growth in Emerging Economies within the Post-Crisis Era: an Analysis from Turkey. J Small Bus Entrep Dev 2016;4. https://doi.org/10.15640/jsbed.v4n1a3.
[101] Ulas D. Digital Transformation Process and SMEs. Procedia Comput Sci 2019;158:662–71. https://doi.org/10.1016/j.procs.2019.09.101.
[102] Rovena Tahiti RT, Besa Shahini BS. Strengthening innovation and Technology policies for SME Development in Albania. Contemp Econ 2010;4. https://doi.org/10.5709/ce.1897-9254.o149.
[103] Abbasi K, Alam A, Du M (Anna), Huynh TLD. FinTech, SME efficiency and national culture: Evidence from OECD countries. Technol Forecast Soc Change 2021;163:120454. https://doi.org/10.1016/j.techfore.2020.120454.
[104] Tumiwa JR, Tuegeh ODM, Nagy A. Factor Influencing MSMEs Performance Measurement - A Literature Review TUMIWA. Ann Univ Oradea, Econ Sci 2020;Tom 29:151–62.
[105] Marconatto DAB, Teixeira EG, Peixoto GA, Faccin K. Weathering the storm: what successful SMEs are doing to beat the pandemic. Manag Decis 2021;ahead-of-p. https://doi.org/10.1108/MD-11-2020-1507.
[106] Régnier P. Business Linkages and Resilience of SMEs during the East Asian Crisis: The Role of Networks and Trust between TNCs and Local Suppliers. Trust Antitrust Asian Bus. Alliances, London: Palgrave Macmillan UK; 2004, p. 196–208. https://doi.org/10.1057/9780230523579_8.
[107] Williams N, Vorley T. Economic resilience and entrepreneurship: Lessons from the Sheffield City Region. Entrep Reg Dev 2014;26:257–81. https://doi.org/10.1080/08985626.2014.894129.
[108] Fiksel J. Sustainability and resilience: toward a systems approach. Sustain Sci Pract Policy 2006;2:14–21. https://doi.org/10.1080/15487733.2006.11907980.
[109] Hamel G, Välikangas L. Hamel Quest for Resilience. Harv Bus Rev 2003;81:52-63+131.
[110] Dahles H, Susilowati TP. Business resilience in times of growth and crisis. Ann Tour Res 2015;51:34–50. https://doi.org/10.1016/j.annals.2015.01.002.
[111] Morisse M, Prigge C. Design of a business resilience model for industry 4.0 manufacturers. AMCIS 2017 - Am Conf Inf Syst A Tradit Innov 2017;2017-Augus:1–10.
[112] Kerr H. Organizational Resilience: Harnessing experience, embracing opportunity. 2015.
[113] Lee J. Discriminant analysis of technology adoption behavior: A case of Internet technologies in small businesses. J Comput Inf Syst 2004;44:57–66. https://doi.org/10.1080/08874417.2004.11647596.
[114] Gartner WB. What are we talking about when we talk about entrepreneurship? J Bus Ventur 1990;5:15–28. https://doi.org/10.1016/0883-9026(90)90023-M.
[115] Bercovitz J, Feldman M. Academic Entrepreneurs: Organizational Change at the Individual Level. Organ Sci 2008;19:69–89. https://doi.org/10.1287/orsc.1070.0295.
[116] Aldianto L, Anggadwita G, Permatasari A, Mirzanti IR, Williamson IO. Toward a business resilience framework for startups. Sustain 2021;13:1–19. https://doi.org/10.3390/su13063132.
[117] Fachrunnisa O, Adhiatma A, Lukman N, Majid NA. Towards SMEs’ digital transformation: The role of agile leadership and strategic flexibility. J Small Bus Strateg 2020;30:65–85.
[118] Ghozali I. Structural equation modeling: Metode alternatif dengan partial least square (pls). Badan Penerbit Universitas Diponegoro; 2008.
[119] Hair JF, Howard MC, Nitzl C. Assessing measurement model quality in PLS-SEM using confirmatory composite analysis. J Bus Res 2020;109:101–10. https://doi.org/10.1016/j.jbusres.2019.11.069.
[120] Lévesque M, Minniti M. Age matters: how demographics influence aggregate entrepreneurship. Strateg Entrep J 2011;5:269–84. https://doi.org/10.1002/sej.117.
[121] Fried HO, Tauer LW. Understanding the Entrepreneur : an Index of Entrepreneurial Success. Front Entrep Res 2009;29:1.
[122] Malihah E, Setiyorini HPD. Industry Revolution 4.0: The Challenge for Secondary Education on Tourism and Hospitality in Indonesia. Proc. 5th UPI Int. Conf. Tech. Vocat. Educ. Train. (ICTVET 2018), Paris, France: Atlantis Press; 2019. https://doi.org/10.2991/ictvet-18.2019.106.
[123] Winarno A, Wijijayanti T, Agustina Y, Churiyah M, Basuki A. Integration of vocational school and Small-Medium Enterprises (SMEs) learning: An effort of elevating entrepreneurship spirit based on strength and weakness in East Java. Acad Entrep J 2019;25:1–12.
[124] Olivia S, Gibson J, Nasrudin R. Indonesia in the Time of Covid-19. Bull Indones Econ Stud 2020;56:143–74. https://doi.org/10.1080/00074918.2020.1798581.
[125] Othman AK, Hamzah MI, Suffian A, Zahari M, Amri S. The Influence of Entrepreneurship Education and Experience on Students ’ Entrepreneurship Spirit : The Moderating Effects of Internal Locus of Control. Adv Bus Res Int J 2015;1:11–29.
[126] Dressler M, Paunovic I. Converging and diverging business model innovation in regional intersectoral cooperation–exploring wine industry 4.0. Eur J Innov Manag 2020. https://doi.org/10.1108/EJIM-04-2020-0142.
[127] Chin WW. Commentary Issues and Opinion on Structural Equation Modeling Clear Reporting. Mod Methods Bus Res Methodol Bus Manag 1998;22:vii–xvi.
[128] Hair JF, Ringle CM, Sarstedt M. Partial Least Squares Structural Equation Modeling: Rigorous Applications, Better Results and Higher Acceptance. Long Range Plann 2013;46:1–12. https://doi.org/10.1016/j.lrp.2013.01.001.
[129] Munandar MH. Analysis The Effectiveness Of Tax Relaxation Due To Covid-19 Pandemy On Indonesian Economic Defense. Lex Sci Law Rev 2020;4:133–42. https://doi.org/10.15294/lesrev.v4i1.38631.
[130] Pei LK, Noordin KA, Ting YP, Baharudin AS. Failure factors of the Malaysian IT technopreneurship. CSSR 2010 - 2010 Int Conf Sci Soc Res 2010:686–90. https://doi.org/10.1109/CSSR.2010.5773868.
[131] Bartsch S, Weber E, Büttgen M, Huber A. Leadership matters in crisis-induced digital transformation: how to lead service employees effectively during the COVID-19 pandemic. J Serv Manag 2021;32:71–85. https://doi.org/10.1108/JOSM-05-2020-0160.
[132] Suharno, Pambudi NA, Harjanto B. Vocational education in Indonesia: History, development, opportunities, and challenges. Child Youth Serv Rev 2020;115:105092. https://doi.org/10.1016/j.childyouth.2020.105092.
[133] García-Sánchez IM, Gallego-Álvarez I, Zafra-Gómez JL. Do independent, female and specialist directors promote eco-innovation and eco-design in agri-food firms? Bus Strateg Environ 2021;30:1136–52. https://doi.org/10.1002/bse.2676.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Octavia Diana Monica Tuegeh, Adrian Szilárd Nagy, Franda Benedicta Paat, Johan Reineer Tumiwa , Frilly Kawet
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
