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All Journal Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Kinerja: Jurnal Ekonomi dan Manajemen YUME : Journal of Management Procuratio : Jurnal Ilmiah Manajemen Jurnal Bisnis Mahasiswa Journal of Artificial Intelligence and Digital Business West Science Business and Management West Science Interdisciplinary Studies International Journal of Multidisciplinary Approach Research and Science International Journal of Applied Economics, Accounting and Management (IJAEAM) West Science Interdisciplinary Studies Jurnal Manajemen dan Bisnis (J-Mabis)
Prima Andreas Siregar
Universitas Riau
Agriculture, Biological Sciences & Forestry Humanities Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Electrical & Electronics Engineering Engineering Environmental Science Health Professions Immunology & microbiology Social Sciences Other

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Competitive Advantage in the Business Environment: The Role of Innovation and Knowledge Management in Sago-Processing MSMEs in the Meranti Islands Regency Arrisky, Freshly; Samsir; Siregar, Prima Andreas
International Journal of Applied Economics, Accounting and Management (IJAEAM) Vol. 2 No. 4 (2024): July 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijaeam.v2i4.1828

Abstract

This study discusses the role of innovation and knowledge management in achieving competitive advantage for sago-processing MSMEs in the Meranti Islands Regency. The sample consisted of 95 sago-processing MSMEs located in the Meranti Islands Regency. This study argues that innovation is essential for product development and differentiation, whereas knowledge management is crucial for the creation, validation, presentation, distribution, and application of knowledge. This study also highlights the importance of dynamic capabilities in enhancing competitiveness and achieving a competitive advantage in the business environment. The study found that sago-processing MSMEs in the Meranti Islands Regency face challenges in adapting to changes in the business environment because of the absence of innovation in their products and insufficient knowledge management. The study concluded by emphasizing the need for sago-processing MSMEs to adopt innovation and knowledge management strategies to achieve a competitive advantage in the market
The Influence of Dynamic Capabilities on Innovation and Competitive Advantage: A Study of Sago Processed MSMEs in Meranti Islands Regency Andri; Samsir; Siregar, Prima Andreas
International Journal of Applied Economics, Accounting and Management (IJAEAM) Vol. 2 No. 4 (2024): July 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijaeam.v2i4.1829

Abstract

This study examines the influence of dynamic capabilities on innovation and competitive advantage in sago processed MSMEs in the Meranti Islands Regency. The sample consisted of 95 sago-processing MSMEs located in the Meranti Islands Regency. This study highlights the importance of dynamic capabilities in a VUCA (volatile, uncertain, complex, and ambiguous) business environments. The study argues that MSMEs must develop dynamic capabilities to adapt to a rapidly changing environment and survive intense competition. This study identifies three dimensions of dynamic capabilities: sensing, seizing, and transformation. Sensing capability enables companies to detect environmental changes and new market opportunities, while seizing capability helps them capture and exploit these opportunities. Transforming capabilities allow companies to change their existing activities and resources to produce competitive advantages. The study also emphasizes the role of innovation in increasing competitive advantage. Innovation helps companies meet consumer needs and desires, attract new customers, and retain existing customers. Overall, the study suggests that dynamic capabilities and innovation are critical factors for MSMEs to gain a competitive advantage in the Meranti Islands Regency sago industry
Co-Authors Abd. Rasyid Syamsuri Adelia Dwi Anggita Ahmad Rifqi Aida Nursanti Aida Nursanti Alvionita, Agnes Andri Anggita, Adelia Dwi Arrisky, Freshly Azmi, Fauzan Beny Wahyudi Eko Saputra Gatot Wijayanto Ghifary, Arya Hadi Henni Noviasari Henni Noviasari Hidayat, Fakhri Hutabarat, Lentina Irawan, Dika Ishadi Ishadi Junaidi, Andi Jushermi Jushermi Jushermi Jushermi, Jushermi Mayang Sari Muhammad Nayoga Nayoga, Muhammad Noviani, Rima Primadayani, Syurti Putri MB, Riskia Adisty Raden Lestari Garnasih Rendra Wasnury Rima Noviani Samsir Samsir Samsir, Samsir Saniah, Badriati Sri Wahyuni Wildah Suhatman, Rido Sulistia, Mayang Tengku Firli Musfar Tengku Firli Musfar Tengku Firli Musfar Tyas, Rara Claudia Kusumaning wahyudi, beny Widayatsari, Any Zulfadil, Zulfadil