The Influence of Innovation and Entrepreneurial Self-Efficacy to Digital Startup Success

Abstract

Establishing and developing a startup business is not easy. Startup success depend on various aspects, such as financial,business model, and learning organizations. Personalities factor of founders have a contribution in business development, especially entrepreneurial self-efficacy (ESE) and innovation. But, in Indonesia, there is still no psychological study who see the contribution of those factors on business success in digital startup. This study aimed to understand how both factors influence startup digital. The sample is 64 founders. The research instrument is ESE, KAI, and Business Success questionnaire (Kirton in Riyanti, 2003;Chen et al, 1998; Kaplan & Norton, 2006). Multiple-regression analyses reveal ESE and innovation contributes 20.8% to business success. ESE regression coefficient is 0.200 (P <0.05) and innovation 0.026 (p> 0.05). This means, ESE has significant positive effect, while innovation has a positive relationship but insignificant. Interventions in the form of booklets that inform how to increase ESE. The booklet is already conducted trials on five founders. Riyanti, 2003; Chen, dkk, 1998; Kaplan & Norton, 2006). Digunakan teknik analisis regresi berganda dan didapatkan kontribusi 20,8% dari ESE dan inovasi pada keberhasilan usaha. Nilai Mendirikan dan mengembangkan usaha

The influence of technology on entrepreneurial self-efficacy development for online business start-up in developing nations

“…Moreover, since these dimensions are task-specific, consideration both of individual characteristics such as personality and of interaction with environmental forces is essential in executing entrepreneurial actions (Chen et al, 1998). Among the authors who have considered the linkage between ESE and firm performance, growth and renewal are considered by Bratkovic et al (2012), Hmieleski and Baron (2008), and Dessyana and Riyanti (2017), who confirmed that the higher the degree of ESE, the higher the chances of success in the business start-up. However, limited attention has been paid to the relation more specifically between ESE and business tech start-up.…”

Economic Interplay Forecasting Business Success

“…However, these aspects fall outside our scope and represent complementary Complexity viewpoint, with their own peculiarities and interpretation difficulties, in characterizing the startup system. In conclusion, the choice to consider successful firms according to collected funds yields is twofold: (i) it is intuitive and (ii) widespread in economic literature [21,22].…”

“…Inspired by the ideas of network success theory [21], we investigate the relation between the success of a startup, which a large body of literature defines as the capability of obtaining massive capital [22], and its capability to fully exploit its own business network. Actually, this attitude could shed light on complex economic dynamics [23,24].…”

Strategy Formulation to Develop IT-Entrepreneurship Innovation for College Students

“…The higher the self-efficacy of selfemployment the higher the success for start-up business. Innovation plays a role in the early phases of entrepreneurship development (3 months -2 years) [21]. Creativity affects one's entrepreneurial intentions.…”