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All Journal Jurnal Manajemen dan Agribisnis Jurnal Manajemen Teknologi Journal of Economics, Business, & Accountancy Ventura Gadjah Mada International Journal of Business JAM : Jurnal Aplikasi Manajemen Indonesian Journal of Business and Entrepreneurship (IJBE) MIX : Jurnal Ilmiah Manajemen Al Ishlah Jurnal Pendidikan Ideas: Jurnal Pendidikan, Sosial dan Budaya Kajian Branding Indonesia Global Research on Tourism Development and Advancement (GARUDA) Jurnal Manajemen dan Kewirausahaan International Research Journal of Business Studies
Agus Wijaya Soehadi
Universitas Prasetiya Mulya
Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Mathematics Social Sciences Other

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ENTREPRENEURIAL DREAMS AND SUCCESSION PLANNING IN INDONESIAN SMALL FAMILY BUSINESSES: CULTURAL INSIGHTS FROM MARTABAK SELLERS Widagdo, Agus Suryo; Soehadi, Agus W.
Jurnal Manajemen dan Kewirausahaan Vol. 27 No. 2 (2025): SEPTEMBER 2025
Publisher : Management Study Program, Faculty of Business and Economics, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/jmk.27.2.103-115

Abstract

Family businesses play a vital role in Indonesia’s economy, yet many small family-owned enterprises struggle with succession due to informal structures, generational reluctance, and changing career preferences. This study explores how succession planning is shaped by entrepreneurial dreams and cultural values in the Martabak (Indonesian pancake) industry. Using a qualitative case study approach based on semi-structured interviews with incumbent business owners, the research addresses a key gap: prior studies emphasize formal governance in medium and large enterprises, while little is known about informal, aspiration-driven succession in small family firms. By applying succession planning models within the Indonesian cultural context, this study contributes novelty by framing succession through the lens of incumbents’ “entrepreneurial dreams,” highlighting the interplay between aspirations, Hofstede’s cultural dimensions, and successor development. Findings reveal that while formal succession plans are rare, incumbents encourage successors to pursue higher education and external work experience before returning to the family business. Succession activities remain relational, relying on trust, exposure, and experiential learning. The study concludes that entrepreneurial dreams, embedded in collectivism and family loyalty, are central to sustaining continuity. Practical recommendations include early successor involvement, structured mentorship, and culturally aligned entrepreneurship programs to support small enterprises in balancing tradition with modernization.
The role of participation in memorable tourism experience: a comparative case of cap go meh festival and linggarjati festival in Indonesia Agus W Soehadi; Eka Ardianto
Journal of Economics, Business, and Accountancy Ventura Vol. 22 No. 1 (2019): April - July 2019
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v22i1.1657

Abstract

The study aimed to analyze the role of participation in creating memorable tourism experience in Cap Go Meh festival and Linggarjati festival to create loyal visitors. This study used a questionnaire of 42 questions on 5-point Likert-scale ranged from one to five range (1 = strongly disagree up to 5= strongly agree) to the festival visitors after the event. The data were analyzed using Structural Equation Modelling (SEM) with Confirmatory Factor Analysis (CFA) and the structural model using regression analysis. It showed that the visitors have different motives to attend and take a part in the festival. The group socializationhas a positive effect on participation, which lead to immersion, then influences vivid memory and loyalty in Cap Go Meh  while novelty has a positive effect on participation in Lingarjati vestival, which lead to immersion, then influences vivid memory and loyalty. Practicaly, it implied that this study has the benefit for event manager to understand the visitors characteristics. Cap Go Meh festival can be higher in group socialization. Event manager should facilitate visitors to participate as a group on God Statue parade. In Linggarjati, the visitors gain the novelty of historical site and city history merge with the stage of angklung -traditional music instrument- colossal.
OVEROPTIMISM AND ENTREPRENEURIAL ECOSYSTEM:CITIES OF BOGOR AND DEPOK Arthur Tunggul Siahaan; Agus W. Soehadi; Ade Febransyah; Eko Suhartanto
Jurnal Manajemen dan Kewirausahaan Vol. 28 No. 1 (2026): MARCH 2026
Publisher : Management Study Program, Faculty of Business and Economics, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/jmk.28.1.36-48

Abstract

Introducing innovative products and services by start-ups can positively influence a country’s competitiveness. The environment represented by the entrepreneurial ecosystem (EE) stimulates entrepreneurship and influences founders’ cognitive bias. Overoptimism has been studied as one of the main cognitive biases and found to be critical to new product development success (NPDS) or new venture performance (NVP). Nonetheless, studies on the EE influencing founders’ overoptimism remain limited. This study aims to fill this gap by investigating the influence on overoptimism of the two most prominent EE domains based on the World Economic Forum’s EE heatmap, namely the market and human capital domains. This study employs a questionnaire-based survey of 45 founders from digital start-ups in Bogor and Depok, Indonesia. The data is analyzed with partial least square structural equation modeling (PLS-SEM), finding that both EE domains significantly and positively influence overoptimism. In addition, the findings support previous studies by examining the influence of overoptimism on NPDS and NVP.
Co-Authors Ade Febransyah Ahmad Sulaeman Aji Hermawan Ambara Purusottama Annuridya Rosyidta Pratiwi Octasylva Annuridya Rosyidta Pratiwi Octasylva Antonius W. Sumarlin Arthur Tunggul Siahaan Ayuningtyas, Shafira Rahma Budi Suharjo Christabella Odelia Kwandy Daniel Pranajaya Dini Anggraeni Sirad Eka Ardianto Elizabeth, Michelle Evi Sofia Faizal Ahmad Freddy Utama Fredy Utama Handyanto Widjojo Hans Nicholas Harriman Samuel Saragih Hartoyo Hartoyo Hartoyo Hartoyo Hartoyo Hartoyo Heny K Daryanto Herry Purnomo Hidayati, Aprihatiningrum Irman Jayawardhana Josephine Gratia Katarina O. Wijaya Lasse, Gabriela Junisa Lenia Julian Levina Levina, Levina Lilik Noor Yuliati Maria, Maya Muhammad Setiawan Kusmulyono Mukhamad Najib Natalia Napitupulu Novi Amelia Nurdiana, Almira Panutur, Sonny Sintong Prita Prasetya Putri, Disya Jauza Rimbo, Denise Alexa Ririn Wulandari Setiadi Djohar Suhartanto, Eko Sujatno, Teresa Cindy Sumarlin, Antonius W Sumarlin, Antonius Widyatma Teddy Trilaksono Ujang Sumarwan Widagdo, Agus Suryo Wijanarti, Sri Widya Yane Chandera