Journal of Innovation in Business and Economics
Vol. 8 No. 01 (2024): Journal of Innovation in Business and Economics

Exploring factors influencing SMEs’ success: The perspective of entrepreneurial and learning orientations

Sukma, Andhi (Unknown)



Article Info

Publish Date
23 Jun 2024

Abstract

The primary objective of this study is to explore the intricate relationship between learning orientation, business strategy, and firm performance among small and medium-sized enterprises (SMEs) in Indonesia. By examining the impacts of innovation, proactiveness, and risk-taking on both business strategy and learning orientation, this research aims to shed light on the factors influencing SME success. Surveys were administered to a purposive sample of 300 SMEs in Jakarta and West Java, and data were analyzed using structural equation modeling. The findings indicate that innovation positively influences both business strategy and learning orientation, whereas proactiveness has a minimal impact on business strategy but significantly affects learning orientation. Furthermore, risk-taking emerges as a crucial driver of both business strategy and learning orientation. This study contributes by providing empirical evidence on the significance of entrepreneurial traits in shaping SME performance and offers practical insights for enhancing organizational sustainability and growth in the Indonesian business context.

Copyrights © 2024






Journal Info

Abbrev

jibe

Publisher

Subject

Economics, Econometrics & Finance

Description

The Journal of Innovation in Business and Economics (JIBE) is published by the Department of Economics and Business at University of Muhammadiyah Malang in 2017. Previously this journal was known as Jurnal Media Ekonomi that was initially published in 2000. In 2011 until 2016, this journal was ...