West Science Journal Economic and Entrepreneurship
Vol. 1 No. 11 (2023): West Science Journal Economic and Entrepreneurship

Assessing the Impact of Training, Industry Partnerships, and Government Policies on the Success of Business Development Programs: A Case Study in Central Java Province

Siti Annisa Wahdiniawati (Universitas Dian Nusantara)
Akka Latifah Jusdienar (STIMA IMMI)
Afif Syarifudin Yahya (Institut Pemerintahan Dalam Negeri)
Loso Judijanto (IPOSS Jakarta, Indonesia)



Article Info

Publish Date
30 Nov 2023

Abstract

This research explores the multifaceted factors influencing the success of business development programs in Central Java Province. Specifically, it examines the impact of training initiatives, industrial partnerships, and government policies on the participation and effectiveness of development programs. A sample of 120 businesses and entrepreneurs in the region was analyzed using structural equation modeling (SEM) with Partial Least Squares (PLS) as the data analysis method. The results reveal significant relationships between the variables under investigation. Businesses perceiving favorable government policies are more likely to participate in development programs. Likewise, investments in training programs and engagement in industry partnerships are positively associated with participation in development initiatives. The goodness-of-fit analysis demonstrates that the Estimated Model adequately represents the data, affirming its validity and reliability. The research provides valuable insights into the interconnected nature of factors contributing to the success of business development programs in Central Java Province, highlighting the importance of collaboration, supportive government policies, and training initiatives. These findings can inform policymakers, businesses, and stakeholders in the region, aiding in the design and implementation of more effective development programs.

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Journal Info

Abbrev

wsee

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Economics and Entrepreneurship published since 2023 by Westscience Press. Editors receive scientific articles from research results, surveys, and literature reviews closely related to the Economics and Entrepreneurship sectors. WSJEE is a peer-reviewed and open-access scientific magazine. ...