Sophisticated technology innovation capability: Entrepreneurial resilience on disaster -resilient MSMEs

Abstract

The level of productivity should be increased and maintained to sustain the success of micro, small and medium enterprises (MSMEs). Furthermore, entrepreneurial resilience requires advanced technological innovation capabilities to avoid continual external disasters. Therefore, this research explores the connection between entrepreneurial resilience, disaster-resilient MSMEs, and new ideas on complex technical innovations to modulate entrepreneurship. Partial Least Squares are used to process 177 MSMEs respondents in Central Java, Indonesia and the findings successfully bridged the gap between entrepreneurial resilience and disaster-resistant MSMEs. The is mediated by sophisticated technology innovation capability. Furthermore, corporate owners and managers are concerned with the ongoing adaptation and creation of complicated technologies concerning sophisticated innovation capabilities. These findings indicate that entrepreneurial resilience contributes to sophisticated technological innovation capability. The findings also show that entrepreneurial resilience contributes to disaster-resilient MSMEs and demonstrate the importance of understanding how entrepreneurs survive during conditions of uncertainty. This theoretical conclusion gives rise to a new competitive resource advantage theory perspective in which sophisticated technology's inventive capacities might be strengthened when entrepreneurial resilience is stronger. The entrepreneurial resilience can improve when corporate organizations or MSMEs players have advanced technical resource capabilities.

The impact of environmental regulation, Environment, Social and Government Performance, and technological innovation on enterprise resilience under a green recovery

“…This contradicts Omri's [ 16 ] study. However, China's success in capturing market share through green strategies after gaining competitive advantage via technological innovation has inspired many other enterprises to follow suit, as evidenced by Panjaitan et al's [ 50 ] findings.…”

The Role of Entrepreneurship in Economic Resilience

“…Entrepreneurs also leverage social capital, as highlighted by (Walt & Whittaker, 2020), to access resources and create opportunities in uncertain markets. Additionally, Panjaitan et al (2022) emphasize the role of entrepreneurial resilience in contributing to disaster-resilient micro, small, and medium enterprises (MSMEs) during uncertain times. These studies collectively underscore the multifaceted approaches entrepreneurs employ, from leveraging social relationships to developing coping mechanisms and resilience, to thrive in uncertain economic landscapes.…”

“…Furthermore, leveraging sophisticated technology innovation capabilities and fostering entrepreneurial resilience can enhance disaster-resilient micro, small, and medium enterprises (MSMEs) (Panjaitan et al, 2022). Entrepreneurship education should aim to promote entrepreneurial orientation, proactivity, and readiness among students to cultivate a mindset of innovation and risk-taking (Bismala et al, 2022;Wulandari et al, 2021).…”

Environmental Turbulence and Entrepreneurship: A Systematic Review

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