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Journal : Journal of the Community Development in Asia

The Correlation Between Archetype Personality and Business Success in Small & Medium Enterprises in Java Island Wikantiyoso, Bimo; Riyanti, Benedicta Prihatin Dwi; Suryani, Angela Oktavia; Soeharso, Sonny
Journal of The Community Development in Asia Vol 7, No 3 (2024): September 2024
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jcda.v7i3.3516

Abstract

Intense competition and unpredictable conditions have made problem-solving more challenging. Unlike the relatively stable markets of the 20th century, today's world is characterized by VUCA: volatility, uncertainty, complexity, and ambiguity. SMEs, which make up the majority of businesses globally, are particularly affected by these changes. Entrepreneurs, as the driving force behind SMEs, play a crucial role in both developing and developed economies. Their contributions significantly impact economic growth, as recognized by governments. Research indicates that personality traits can accurately predict business behavior and success, emphasizing that entrepreneurship is a dynamic process requiring continuous effort to deliver products or services that bring financial and personal rewards. The archetype approach, which explores personal dynamics and environmental interactions, provides insights into entrepreneurial success. Archetypes represent patterns of perception, memory, and action that align with ancient motivational and emotional systems, helping to explain how the mind navigates social complexities. The Hero's Journey as an archetype framework offers a valuable perspective on personal development in a career context, addressing universal human motivations across cultures.
The Correlation Between Archetype Personality and Business Success in Small and Medium Enterprises (SMEs) in Java Island Wikantiyoso, Bimo; Riyanti, Benedicta Prihatin Dwi; Suryani, Angela Oktavia; Soeharso, Sonny
Journal of The Community Development in Asia Vol 7, No 3 (2024): September 2024
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jcda.v7i3.3516

Abstract

Understanding entrepreneurial success involves exploring various factors, including personality traits and their impact on business outcomes. This study explores the relationship between entrepreneurial personality archetypes and business success among SMEs in Indonesia. Using a quantitative approach, data were collected from 500 MSME entrepreneurs via paper-and-pen and online questionnaires. Pearson Correlation analysis revealed significant positive correlations between business success and the Caregiver (r = 0.243), Seeker (r = 0.340), Lover (r = 0.227), Ruler (r = 0.316), Magician (r = 0.290), Sage (r = 0.277), and Jester (r = 0.235) archetypes. In contrast, the Destroyer archetype showed a negative correlation (r = -0.222). These findings suggest that archetypes promoting self-expression and personal growth positively influence entrepreneurial success, while those focusing on efficiency and results may hinder it. The study underscores the value of aligning personality traits with business strategies to improve outcomes and recommends further research on practical applications in entrepreneurial training programs.