Utilisation of Natural Resources as a Source of Inspiration and Innovation in SME Development

Ausat, Abu Muna Almaududi; Velmurugan, Ramaswamy; Mazil, Mohammed Mudher; Mazher, Muhammad Ahmad; Okombo, Moses Odhiambo

doi:10.58905/apollo.v1i3.103

Cited by 15 publications

(10 citation statements)

References 27 publications

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“…Creativity involves mental processes such as associative thinking, problem-solving, and combining different concepts to produce something new and different (Walia, 2019). Meanwhile, innovation refers to the implementation of these creative ideas into practices that result in changes or improvements in a product, service, process, or system (Ausat, Velmurugan, et al, 2023;Diawati, Gadzali, et al, 2023;Saputra et al, 2023;Sutrisno et al, 2023). Creativity and innovation are often interrelated, where creativity is the initial step in generating new ideas, while innovation involves concrete steps to turn those ideas into useful or valuable realities in a specific context.…”

Section: Creativity and Innovationmentioning

confidence: 99%

Psychological Dynamics in Stimulating Creativity and Innovation in Entrepreneurial Environments

Purnomo,

Rosadi

2024

J.Tender

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In the rapidly changing business world, creativity and innovation are foundational to the success of a company, especially in the context of entrepreneurship. The ability to think outside the box, create new solutions, and identify market opportunities are key factors that differentiate successful businesses from those that fail. This research aims to analyze the psychological dynamics in stimulating creativity and innovation in the entrepreneurial environment. The research method used is a qualitative literature review using data from Google Scholar from 2007 to 2024. The study results indicate that psychological dynamics play a crucial role in stimulating creativity and innovation in entrepreneurial environments. Understanding motivation, perception of failure, and supportive work environments are key to creating conditions that enable entrepreneurs to create new value, discover innovative solutions, and bring about significant change. Entrepreneurship requires more than just business knowledge; it also requires sensitivity to the psychological factors influencing creativity and innovation.

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Section: Creativity and Innovationmentioning

confidence: 99%

Psychological Dynamics in Stimulating Creativity and Innovation in Entrepreneurial Environments

Purnomo,

Rosadi

2024

J.Tender

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“…It involves combining creativity, research, and development to create new products, services, or processes that add significant value. Technological innovation can include minor changes in the features or functions of existing products, such as improved performance or efficiency, as well as major changes that fundamentally alter the way we interact with technology (Ausat et al, 2023;Sutrisno, Kuraesin, et al, 2023). This innovation process often involves collaboration between multiple disciplines and parties, including scientists, engineers, entrepreneurs and end users.…”

Section: Technological Innovationmentioning

confidence: 99%

Analysis of the Role of Education in Driving Technological Innovation in the Business World

Sutrisno,

Hadi,

Wibowo

et al. 2024

J.Tender

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Education plays a crucial role in shaping individuals' ability to innovate. A robust and relevant education system will produce human resources capable of adopting, developing, and implementing new technologies. However, it is important to understand the extent to which education influences technological innovation in the business world. This research aims to delve deeper into the role of education in driving innovation and to identify effective strategies to enhance education's contribution in addressing challenges and leveraging opportunities in the era of technological innovation. This research method will adopt a qualitative literature review approach focusing on the analysis and synthesis of relevant literature from the period of 1999-2023. The study results indicate that the role of education in driving technological innovation in the business world is highly significant. Education not only shapes individuals with the knowledge and skills needed to develop new technologies but also cultivates an innovative mindset and a collaborative culture essential in the innovation process. Educational institutions also serve as a platform for the exchange of ideas and knowledge among various stakeholders, as well as facilitators in expanding access to resources and opportunities for individuals from diverse backgrounds.

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“…In the contemporary era of globalisation and rapid advancements in information technology (Mahardhani, 2023), there has been a notable escalation in competitiveness across diverse economic sectors, encompassing the realm of tiny enterprises (Ausat et al, 2023). The advent of technology has facilitated worldwide market connectivity, enabling small enterprises to effectively compete on a broader scope (Sudirjo, 2023;Wahyoedi et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

Strategies for Utilising Educational Technology to Improve the Competitiveness of Student Small Businesses

Sutrisno

2023

IMEIJ

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In the era of globalisation and advances in information technology, competition in various business sectors is increasingly fierce, including in the world of small businesses. On the other hand, higher education also faces the challenge of preparing students to become graduates who have high competitiveness in the ever-changing labour market. The purpose of this study is to explain the strategy of utilising educational technology to improve the competitiveness of students' small businesses. This research is a literature review that uses a qualitative method approach, which means it will analyse and interpret data by relying on information and text from various sources. The study results show that the integration of educational technology has a significant positive impact on the growth of small businesses as well as students' readiness to face competition in the global market. Through technology-based education, students are given the opportunity to deepen their knowledge of business aspects, develop relevant technological skills, and design smarter strategies. Technology adoption supports operational efficiency with automation of routine tasks, more accurate inventory management, and better financial management. The utilisation of technology also provides opportunities for innovation in products, services, and business processes, which in turn helps small businesses to compete better in the marketplace.

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Utilisation of Natural Resources as a Source of Inspiration and Innovation in SME Development

Cited by 15 publications

References 27 publications

Psychological Dynamics in Stimulating Creativity and Innovation in Entrepreneurial Environments

Psychological Dynamics in Stimulating Creativity and Innovation in Entrepreneurial Environments

Analysis of the Role of Education in Driving Technological Innovation in the Business World

Strategies for Utilising Educational Technology to Improve the Competitiveness of Student Small Businesses

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