Strategies and policies for developing SMEs based on creative economy

Budhi, Made Kembar Sri; Lestari, Ni Putu Nina Eka; Suasih, Ni Nyoman Reni; Wijaya, Putu Yudy

doi:10.5267/j.msl.2020.3.005

Cited by 15 publications

(16 citation statements)

References 14 publications

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“…It shows that the independent variables are not correlated, thus not a problem because of the independent variables' internal relationship. This is consistent with [7]. When considering the correlation coefficient between each independent variable and the dependent variable.…”

Section: Resultssupporting

confidence: 87%

Operational strategies influencing small and medium enterprises (SMEs) into creative economy businesses

Potjanajaruwit

2021

E3S Web Conf.

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This research aimed to test the relationship and impact of operational strategies that influence the development of small and medium enterprises (SMEs) into creative economy businesses by using questionnaires as a tool for collecting data from 196 Thai SMEs entrepreneurs. The statistics used for data analysis were multiple correlation analysis. Furthermore, multiple regression analysis. The research results were found that (1) the operational strategies of knowledge, education, creativity, and modern technology and innovation have a positive relationship and impact on the development of small and medium enterprises. (SMEs) to be a creative economy as a whole. When considering each aspect, it was found that knowledge, education, and creativity are parts of the use of intellectual property linked to cultural background and modern technology and innovation had a significant positive relationship and impact on developing small and medium enterprises (SMEs) to be creative economy businesses at the 0.05 level.

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Section: Resultssupporting

confidence: 87%

Operational strategies influencing small and medium enterprises (SMEs) into creative economy businesses

Potjanajaruwit

2021

E3S Web Conf.

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“…The Tourism Village Management Institute has not been able to actively manage the Bongkasa Pertiwi tourism village, because human resources (HR) are still low, and have not yet provided optimal economic results. Creative economy is a new economic concept that relies on ideas, ideas, or creativity from human resources (HR) as the main production factor in its economic activities [12].…”

Section: Readiness Of Management Aspectsmentioning

confidence: 99%

The Readiness of Community Based Tourism Village Development (Case Study at Bongkasa Pertiwi Tourism Village, Bali Province, Indonesia)

Wijaya

Hartati

Sumadi

2020

EJBMR

Self Cite

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Village tourism for the benefit of the community in the development of tourism, so that people with culture are not only for tourism purposes, but are able to improve welfare and preservation. The purpose of this research is to study the readiness of the Bongkasa Pertiwi Tourism Village as a tourism village based on Community Based Tourism. There are several aspect to analyze the readiness of tourism village, i.e.: (1) Socio-economic aspects, (2) Socio-cultural aspects, (3) Environmental aspects (4) management aspects. Based on the results of an assessment of the readiness of developing the Bongkasa Pertiwi Tourism Village, the level of community-based tourism development readiness is quite potential. Some aspects that are decisive in the readiness to develop Community Based Tourism are social and environmental aspects with sufficient potential, while the socio-economic and management aspects have potential that is not yet optimal.

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“…However, Indonesia has one of the highest turnovers of SMEs in the world out of all developing countries [1]. SMEs have an imperative role to play in supporting Indonesian economic development [2], due to the large number of SMEs in Indonesia, namely 64,194,000 units in 2018 [3].…”

Section: Introductionmentioning

confidence: 99%

Challenges, Open Innovation, and Engagement Theory at Craft SMEs: Evidence from Indonesian Batik

Raya

Andiani

Siregar

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

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Indonesian batik small and medium enterprises (SMEs) are rapidly growing, but they face many challenges in developing their business. For this reason, we propose a combination of open innovation and engagement theory to overcome these challenges. We conducted interviews with 27 local government officers (external stakeholder) and 57 managers of batik SMEs (internal stakeholder). We confirmed the interview results with 20 batik experts and representatives from the Indonesian Ministry of Industry in the Focus Group Discussion. We have divided the findings of this study into two categories: Java and outside of Java, since the two areas have different characteristics. According to our findings, the biggest challenge of batik SMEs in Java is the emergence of the batik printing business. Meanwhile, batik SMEs outside of Java are having difficulty obtaining raw materials. Open innovation has been implemented by some batik SMEs in Indonesia and can improve their business performance. However, more batik SMEs do not implement open innovation due to the lack of their skills and involvement of other stakeholders. As a result, we suggest that open innovation in the Indonesian batik industry needs to be supported by the participation of various parties or that open innovation is combined with engagement theory.

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Strategies and policies for developing SMEs based on creative economy

Cited by 15 publications

References 14 publications

Operational strategies influencing small and medium enterprises (SMEs) into creative economy businesses

Operational strategies influencing small and medium enterprises (SMEs) into creative economy businesses

The Readiness of Community Based Tourism Village Development (Case Study at Bongkasa Pertiwi Tourism Village, Bali Province, Indonesia)

Challenges, Open Innovation, and Engagement Theory at Craft SMEs: Evidence from Indonesian Batik

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