The Role of Entrepreneurship and Social Capital in Building the Sustainability of SMES in Indonesia
Journal Title: International Journal of Trend in Scientific Research and Development - Year 2021, Vol 5, Issue 4
Abstract
Each type of small and medium industry has different problems from one another, so that some can develop rapidly, but some are only able to survive and even some have to go out of business. The success and sustainability of entrepreneurship are often linked to the aspect of luck, the weakness that is often carried out by SMES entrepreneurs is the lack of knowledge resources, the orientation of running a business focuses on technical aspects without considering strategic business aspects. Competitive aggressiveness means how firms react to competitive trends and market demands. Autonomy is defined as an independent action taken by an individual or organization aimed at bringing up a business concept or vision and bringing it to completion independently. Entrepreneurial orientation can increase the performance benefits of knowledge based resources owned by the company. This is possible because the entrepreneurial orientation facilitates the organizations efforts to act on the information that comes from the internal and external environment. Furthermore, Social capital plays an important role in the entrepreneurial process, research shows that social capital is closely related to opportunity creation in several industries. Social capital is a network of relationships that allows its members to exchange and access various assets available in their industrial network. Seeing this phenomenon, this paper will discuss the importance of entrepreneurship and social capital in building the survival and competitiveness of SMESs in Indonesia. Albertus Daru Dewantoro | Lena Ellitan "The Role of Entrepreneurship and Social Capital in Building the Sustainability of SMES in Indonesia" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-4 , June 2021, URL: https://www.ijtsrd.compapers/ijtsrd41156.pdf Paper URL: https://www.ijtsrd.commanagement/other/41156/the-role-of-entrepreneurship-and-social-capital-in-building-the-sustainability-of-smes-in-indonesia/albertus-daru-dewantoro
Authors and Affiliations
Albertus Daru Dewantoro | Lena Ellitan
Keywords
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