How business digitalization can effect the entrepreneurial growth

Published: Mar 8, 2023

Abstract:

Purpose: This study aims to determine the effect of business digitalization on entrepreneurial growth conditions for young entrepreneurs in the city of Bandung.

Research methodology: This quantitative research uses the explanatory survey method with data collected from 31 young entrepreneurs who were members of HIPMI PT through observations, interviews, and questionnaires. The data collected were processed using the Statistical Product for Service Solution (SPSS) 24.0 for Windows.

Results: The result showed that the condition of business digitalization and entrepreneurial growth at HIPMI PT in Bandung City is at a fairly good level, with the condition of respondents in implementing business digitalization improved to improve the entrepreneurial growth conditions.

Limitations: This research was conducted with a small scope of research objects due to the author's limitations. Therefore, future research needs to update business digitalization and entrepreneurial growth theory. This is in addition to other dimensions that affect entrepreneurial growth but have not been proven properly in this research.

Contribution: This research positively affects the condition of HIMPI PT in Bandung City related to business digitalization and entrepreneurial growth.

Novelty: Factors influencing entrepreneurial growth mostly come from variables outside the study.

Keywords:
1. Business digitalization
2. Entrepreneurial growth
Authors:
1 . B Lena Nuryanti
2 . Ajeng Putri Hanifah
3 . Asep Indra Cahyadi
How to Cite
Nuryanti, B. L., Hanifah, A. P., & Cahyadi, A. I. (2023). How business digitalization can effect the entrepreneurial growth. International Journal of Financial, Accounting, and Management, 4(4), 449–462. https://doi.org/10.35912/ijfam.v4i4.1256

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References

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    Ratinho, T., Amezcua, A., Honig, B., & Zeng, Z. (2020). Supporting entrepreneurs: A systematic review of literature and an agenda for research. Technological Forecasting and Social Change, 154, 1–68. https://doi.org/10.1016/j.techfore.2020.119956

    Schlepphorst, S., Koetter, E. C., Werner, A., Soost, C., & Moog, P. (2020). International assignments of employees and entrepreneurial intentions: the mediating role of human capital, social capital and career prospects. International Journal of Entrepreneurial Behaviour and Research, 26(6), 1259–1279. https://doi.org/10.1108/IJEBR-11-2019-0637

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    Shehata, G. M., & Montash, M. A. (2020). Driving the internet and e-business technologies to generate a competitive advantage in emerging markets: Evidence from Egypt. In Information Technology and People (Vol. 33, Issue 2). https://doi.org/10.1108/ITP-10-2017-0360

    Sonkar, S., & Kumar Sarkar, A. (2020). Relationship between the three dimensions of institutes required for entrepreneurship development. Journal of Sustainable Tourism and Entrepreneurship, 2(1), 53–68. https://doi.org/10.35912/joste.v2i1.577

    Sreih, J. F., Lussier, R. N., & Sonfield, M. C. (2019). Differences in management styles, levels of profitability, and performance across generations, and the development of the Family Business Success Model. Journal of Organizational Change Management, 32(1), 32–50. https://doi.org/10.1108/JOCM-01-2018-0030

    Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. CV Alfabeta.

    Tan, Y., & Li, X. (2022). The impact of internet on entrepreneurship. International Review of Economics and Finance, 77, 135–142. https://doi.org/10.1016/j.iref.2021.09.016

    Urbano, D., Aparicio, S., & Audretsch, D. (2019). Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned? Small Business Economics, 53(1), 21–49. https://doi.org/10.1007/s11187-018-0038-0

    Wang, W., Mahmood, A., Sismeiro, C., & Vulkan, N. (2019). The evolution of equity crowdfunding?: Insights from co-investments of angels and the crowd. Research Policy, 48(8), 103727. https://doi.org/10.1016/j.respol.2019.01.003

    Yang, M., Fu, M., & Zhang, Z. (2021). The adoption of digital technologies in supply chains: Drivers, process and impact. Technological Forecasting and Social Change, 169. https://doi.org/10.1016/j.techfore.2021.120795

    Yuldinawati, L., van Deursen, A. J. A. M., & van Dijk, J. A. G. M. (2018). Exploring the internet access of Indonesian SME entrepreneurs. International Journal of Business, 23(3), 235–247.

    Yuliana, Y. (2020). The strategy in increasing creative economy during the COVID-19 pandemic. Journal of Sustainable Tourism and Entrepreneurship, 2(2), 109–118. https://doi.org/10.35912/joste.v2i2.605

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    Zafar, M., Shafiq, W., Kousar, S., Yousaf, H. Q., & Nasir, N. (2017). Impact of Social Media on Entrepreneurship Growth: a Case of Lahore, Pakistan. International Journal of Engineering Sciences & Research Technology, 6(1), 387–394.

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  2. Ahonen, A. (2019). Entrepreneurial growth in elite team sport SME’s in Finland. Journal of Entrepreneurship and Public Policy, 8(1), 22–39. https://doi.org/10.1108/JEPP-03-2019-102
  3. Bosma, N., Content, J., Sanders, M., & Stam, E. (2018). Institutions, entrepreneurship, and economic growth in Europe. Small Business Economics, 51(2), 483–499. https://doi.org/10.1007/s11187-018-0012-x
  4. Chen, Y., & Lin, Z. (2021). Business Intelligence Capabilities and Firm Performance: A Study in China. International Journal of Information Management, 57(xxxx), 102232. https://doi.org/10.1016/j.ijinfomgt.2020.102232
  5. Christensen, C., McDonald, R. M., Altman, E. J., & Palmer, J. (2017). Disruptive Innovation: Intellectual History and Future Paths. In Academy of Management Proceedings (Vol. 2017, Issue 1). https://doi.org/10.5465/ambpp.2017.14218abstract
  6. Christian Ojiaku, O., C. Ojiagu, N., & E. Agbasi, O. (2020). Collaborative entrepreneurship, diversity management, and entrepreneurial performance of small and medium scale firms in Nigeria. International Journal of Financial, Accounting, and Management, 2(2), 131–144. https://doi.org/10.35912/ijfam.v2i2.169
  7. Decker, S., Estrin, S., & Mickiewicz, T. (2020). The tangled historical roots of entrepreneurial growth aspirations. Strategic Entrepreneurship Journal, 14(4), 616–638. https://doi.org/10.1002/sej.1348
  8. Guerrero, M., Liñán, F., & Cáceres-Carrasco, F. R. (2021). The influence of ecosystems on the entrepreneurship process: a comparison across developed and developing economies. Small Business Economics, 57(4), 1733–1759. https://doi.org/10.1007/s11187-020-00392-2
  9. Kooli, C. (2021). Islamic Financing Initiatives Stimulating SMEs Creation in Muslim Countries. SSRN Electronic Journal, September. https://doi.org/10.2139/ssrn.3726578
  10. Lukeš, M., Longo, M. C., & Zouhar, J. (2019). Do business incubators really enhance entrepreneurial growth? Evidence from a large sample of innovative Italian start-ups. Technovation, 82–83(July), 25–34. https://doi.org/10.1016/j.technovation.2018.07.008
  11. Matarazzo, M., Penco, L., & Profumo, G. (2020). Business Models and Internationalisation in. 89–107.
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  14. Mendez Mena, D., Papapanagiotou, I., & Yang, B. (2018). Internet of things: Survey on security. Information Security Journal, 27(3), 162–182. https://doi.org/10.1080/19393555.2018.1458258
  15. Messabia, N., Fomi, P. R., & Kooli, C. (2022). Managing restaurants during the COVID-19 crisis: Innovating to survive and prosper. Journal of Innovation and Knowledge, 7(4), 100234. https://doi.org/10.1016/j.jik.2022.100234
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  17. Pedauga, L., Sáez, F., & Delgado-Márquez, B. L. (2022). Macroeconomic lockdown and SMEs: the impact of the COVID-19 pandemic in Spain. Small Business Economics, 58(2), 665–688. https://doi.org/10.1007/s11187-021-00476-7
  18. Pergelova, A., Manolova, T., Simeonova-Ganeva, R., & Yordanova, D. (2019). Democratizing Entrepreneurship? Digital Technologies and the Internationalization of Female-Led SMEs. Journal of Small Business Management, 57(1), 14–39. https://doi.org/10.1111/jsbm.12494
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  22. Ratinho, T., Amezcua, A., Honig, B., & Zeng, Z. (2020). Supporting entrepreneurs: A systematic review of literature and an agenda for research. Technological Forecasting and Social Change, 154, 1–68. https://doi.org/10.1016/j.techfore.2020.119956
  23. Schlepphorst, S., Koetter, E. C., Werner, A., Soost, C., & Moog, P. (2020). International assignments of employees and entrepreneurial intentions: the mediating role of human capital, social capital and career prospects. International Journal of Entrepreneurial Behaviour and Research, 26(6), 1259–1279. https://doi.org/10.1108/IJEBR-11-2019-0637
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  31. Wang, W., Mahmood, A., Sismeiro, C., & Vulkan, N. (2019). The evolution of equity crowdfunding?: Insights from co-investments of angels and the crowd. Research Policy, 48(8), 103727. https://doi.org/10.1016/j.respol.2019.01.003
  32. Yang, M., Fu, M., & Zhang, Z. (2021). The adoption of digital technologies in supply chains: Drivers, process and impact. Technological Forecasting and Social Change, 169. https://doi.org/10.1016/j.techfore.2021.120795
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