Technology, Business and Entrepreneurship
Vol. 2 No. 2 (2024): Technology, Business and Entrepreneurship

The Influence of Business Capital, Product Innovation, and Business Training on MSMEs Performance in Pontianak

Alvincia, Velissa (Unknown)
Noviansius (Unknown)



Article Info

Publish Date
31 Dec 2024

Abstract

Micro, Small and Medium Enterprises (MSMEs) contribute significantly to Gross Domestic Product (GDP) and economic growth, despite facing challenges such as the pandemic and intensifying competition. This research aims to support MSMEs in Pontianak in improving performance through three main factors: venture capital, product innovation and business training. Adequate venture capital allows MSMEs to expand operations, expand markets and mitigate risks with an influence on MSME development of 62.5%. Product innovation, which includes new product development, quality improvement, and differentiation, influences MSME performance by 62.4%, while product development training provides knowledge and skills to produce better products and meet market needs. Using a quantitative approach through a survey of MSME owners or managers in Pontianak, this research ensures valid and reliable cross-sector representation, minimizes bias, and improves data accuracy.

Copyrights © 2024






Journal Info

Abbrev

techbus

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

TECHBUS (Technology, Business and Entrepreneurship) is an open access and peer-reviewed journal that aims to offer an international academic platform for cross-border legal research in government regulation, particularly in emerging countries. These may include but are not limited to various fields ...