EXPLORING THE BACKGROUND OF ENTREPRENEURIAL CHARACTERISTICS ON BUSINESS PERFORMANCE (CASE STUDY AT SMALL BUSINESSES IN WEST SUMATERA PROVINCE-INDONESIA)
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Published
Apr 19, 2022
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Abstract
Nowadays, the research about entrepreneurial characteristics did not differ among business scale. However different scale of the business has different characteristics. The purpose of this research was to determine whether entrepreneurial characteristics-specific factors influence the performance of the small business. A total of 221 questionnaires from Small Enterprises (SEs) in West Sumatera Province-Indonesia were used in this study. Purposive random sampling was utilized in selecting the respondents for the study. The Backward method in the SPSS (Statistical Package for Social Science version 23 was used. The study revealed that entrepreneurial characteristics contributed significantly to the business performance were age, education, innovativeness, pro-activeness and competitive aggressiveness. The most dominant factor was the innovativeness. Therefore it is recommended that there is a strategy to strengthen entrepreneurial characteristics to improve small business performance.
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Chandrayanti, T. C., Asmeri, R., & Haryati, R. (2022). EXPLORING THE BACKGROUND OF ENTREPRENEURIAL CHARACTERISTICS ON BUSINESS PERFORMANCE (CASE STUDY AT SMALL BUSINESSES IN WEST SUMATERA PROVINCE-INDONESIA). INTERNATIONAL CONFERENCE ON GLOBAL EDUCATION, 587-599. Retrieved from https://ejurnal.unespadang.ac.id/index.php/ICGE/article/view/143
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EDUCATIONAL CREATIVITY (ICGE IX)
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References
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[4] Elfindri, Ayunda, D., & Saputra, W. 2010. Minang Entrepereneurship: Filosofi & Rahasia Sukses Etnis Minang Membangun Karakter Kewirausahaan. BaduseMedia, Jakarta.
[5] Fatoki, O dan Asah, F., 2011. The Impact of Firm and Enterprenial Characteristics On Access To Debt Finance by SMEs in King William Town South Africa. International Journal of Business and Management. 6 (8) 170-179.
[6] Ganyaupfu, E.,M.2013. Entrepreneur & Firms Characteristics Affecting Success of Small Medium Enterprises (SME) in Gauteng Province, South Africa. International Journal f Innovative Research in Management, Sept. 9(2):1-8.
[7] Handaru, A.W. , Pagita, M.P. & Parimita W., 2015. Karakteristik Entrepreneur Melalui Multiple Diskriminan Analysis; (Studi Pada Etnis Tionghoa, Jawa dan Minang di Bekasi Utara). Jurnal Riset Manajemen Sains Indonesia. 6(1): 351-375.
[8] Harash, E., Timimi, S.,A., & Alsaadi, J.2014. Effect Financing on Performance of Small Medium Enterprises in Muhoza Sector, Rwanda. Business & Econmics Journal.
[9] Hastuti, P.,C., Thoyib, A., Troena, E., A., & Setiawan, M., (2015). The Minang Entrepreneur Characteristics.Procedia-Social and Behaviur Sciences, 211, 819-826.
[10] Indarti, N., & Langenberg, M. (2004). Factors Affecting Business Success Among SMEs: Empirical Evidence From Indonesia. Proceedings of the Second BI-Annual European Summer University. 20 & 21 September. University of Twente Enschede, The Netherlands.
[11] Islam, M., A., Khan, M., A., Obaidullah, A.Z.M.,& Alam, M.S. (2011). Effect of Entrepreneur and Firm characteristics On the Business Success of Small and medium Enterprises (SMEs) in Bangladesh. International Journal of Business and Management,6(3),289-299
[12] Kemayel, L. 2015. Success Factor of Lebanese SMEs : an Empirical Study. Procedia-Social and Behavioral Science . 1123-1128.
[13] Lingensiya, Y., (2012). Indentifying Factors to Indicate The Business Performance of Small Scale Industries : Evidence From Srilanka. Global Journal of management and Business Research.12(21); 74-82.
[14] Lumpkin, G.T., & Des, G.G., 1995. Linking Two Dimensions of Entrepreneurial Orientation t Firm Performance: The Moderating Role of Environment and Industry Lyfe Cycle. Journal of Business Venturing. 16: 429-451
[15] Magembe, Y. 2017. Credit Access by Small and Medium Enterprises in Tanzania: A Case Study of Dar Es Salaam City. International Journal of Economics and Management Science. 6(5): 1-9.
[16] Maason, M.C., Floreani, J., Miani., S., Beltrame, F. & Cappeletto, R. 2015. Understanding the Impact of Entrepreneurial orientation on SMEs Performance. The Role of Finance Structure. 2nd Global Conference on Business, Economics, Management and Tourism, 30-31 October 2014. Prague, Czech Republic. Procedia Economibs and Finance, 23. 1649-1661.
[17] Mothibi, G. (2015). The Effect of Entrepreneurial and Firm Characteristics on Performance of Small and Medium Enterprises in Pretoria. International Journal of Economics, Commerce and Management, 3(3),1-8.
[18] Munizu, M. 2010. Pengaruh Faktor-Faktor Eksternal & Faktor Internal Terhadap Kinerja Usaha UMK di Sulawesi Selatan. Jurnal Manajemen & Kewirausahaan . 12 (1): Maret 33-41.
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[20] Nasution, A.H., Noer, B.A., & Suef., M. 2007. Entrepreneurship Membangun Spirit Teknopreneurship. Penerbit Andi, Yogyakarta.
[21] Nicolescue, O. (2009). Main features of SMEs Organization System. Review of International Comparative Management, 10(3),405-413.
[22] Osunsan., O., K.2015. Gender & Performance of Small Scale Enterprises in Kampala, Uganda. Asian Journal of Social Science and Humanities, 4(1); 55-65.
[23] Peter, P.,W., & Musyithya, H.,M. 2015. The Gender Factor Influenceon The Entrepreeurial Success in Kity County Kenya. International Journal of Education & Research. 3(7): 717-731.
[24] Schillo, S. 2011. Entrepreneurial Orientation and Company Perfrmance: Can The Academic Literature Guide Manager?. Technology Innovation Management Review: November.
[25] Setyawan, A.A., Muzakan, I., Muhammad., W.F., Syamsuddin, & Sidiq, N.P.. 2015. An Assessment of SME Competitiveness. Journal of Competitiveness.7(2): 60-74.
[26] Suryana, 2006. Kewirausahaan: Pedoman Praktis, Kiat dan Proses Menuju Sukses. Salemba Empat, Jakarta.
[27] Suryana, Y. & Bayu, K. 2010. Kewirausahaan: Pendekatan Karakteristik Wirausahawan Sukses. Kencana Prenada Media Grup, Jakarta.
[28] Wekesa,L., Maalu, J.K., Gathungu, J., and Wainaina, G.( 2016). Effect Of Entrepreneur Characteristics on Performance Of Non Timber Forest Products Small and Medium Enterprises in Kenya. DBA Africa Management Review,6(3),16-26.
[29] Welsa, H,m Suharti, Latifah. 2017. Budaya Minangkabau dan Implementasi Pada Manajemen Rumah Makan Padang di Yogyakarta. EKUITAS (Jurnal Ekonomi & Keuangan). 1(2); 181-203.
[30] Wheele, T., & Hunger, W.2015. Strategic Management & Business Policy : Toward Global Policy Thirteen Edition, New Jersey, Pearson.