Competency, Entrepreneur Characteristic and Business Performance: Study of the Pempek Business in Palembang

Abstract

The purpose of this study was to examine empirically the effects of entrepreneurial compe-tencies and characteristics on business performance. Previous studies found that competencies and entrepreneurial characteristics significantly influenced business performance. A quantita-tive method was used and 122 respondents were involved as the sample in this study, who were pempek business owners in Palembang, South Sumatra. The results indicated an effect from entrepreneurial competencies on business performance. It was also found that the entrepre-neurs’ characteristics (owners’ ages) significantly affected the businesses’ performance. This implication requires some sort of course or program for the entrepreneurs to improve their competence to direct the owners to gain better business performance. The growing age of the business owners requires equal insights to ensure age does not stop the owners from improving their business’ performance.Keywords: competency, characteristics, performance, age, entrepreneur

Human Resources Competency at Micro, Small and Medium Enterprises in Palembang Songket Industry

“…Fransiska Soejono et al explains that in the online business dictionary, competence is defined as a cluster that deals with abilities, commitments, knowledge, and skills that enable a person or organization to act effectively at work or in a situation [2]. Competence shows the availability of knowledge, skills that allow a person to make decisions in various situations.…”

“…In the development of SMEs, a competent manager is needed to improve business performance [2]. Martin and Staines [3] present a major discussion on characteristic of managerial competence in small companies as evaluating managerial characteristics, and managerial approaches, and in competitive advantage had found some literatures that give further explanation about causal relationship between managerial competence and SMEs performance.…”

Influencia de las características sociodemográficas personales en el éxito empresarial en Perú

“…Aquellos que muestran una relación positiva, fundamentan que a mayor edad se cuenta con una mayor cantidad de recursos acumulados (conocimientos, habilidades, educación, experiencia, capital financiero, relaciones sociales) y que ello coadyuva a la consecución del éxito. En esta línea están los trabajos empíricos de Kassa (2021), Mozumdar et al (2020), Soomro et al (2019), Soejono et al (2015), Aworemi et al (2010); sin embargo, esta relación positiva tiende a no ser lineal, sino curvilínea y decreciente. Así, según el estudio efectuado por Akinyemi et al (2017) para Nigeria, en la medida en que aumenta la edad del empresario, se eleva la probabilidad de un buen desempeño hasta los 42 a 49 años, pero luego decrece.…”

A Multi-Case Study of Entrepreneurial Competencies in Microenterprises

“…Uniqueness of the Competencies for Entrepreneurs Ahmad (2007) explored the relationship between entrepreneurial competencies and business success in the context of SMEs in Australia and Malaysia. According to Ahmad (2007) in Soejono, Mendari, and Rinamurti (2015), analysis of interview data identified twelve competencies i.e., strategy, commitment, opportunities, knowledge, organizing, decision making, relationships, learning, personal, technical, risk taking, and social responsibility. The results indicated that entrepreneurial competency was a strong predictor of the business success in Australia and Malaysia (Soejono et al, 2015:34).…”