The Role of Entrepreneurial Competencies: Successful Key Smes a Literature Review

Abstract

Purpose: SMEs have been shown in various previous studies to contribute significantly to GDP and survive in different economic conditions. However, entrepreneurs must possess key competencies to be competitive and stay in the long run. This paper aims to describe the role of entrepreneurial competencies in SMEs success through a literature review. Theoretical framework: This study provides a summary of the literature on entrepreneurial competence topics which include knowledge, attitudes and skills which are the basis for effective business performance, potential for success in work, creating a business environment to increase entrepreneurial will. The important role of entrepreneurial competence is part of the literature review providing a strong basis for further research Desain/metodologi/approach: By conducting a literature review and analyzing empirical data, we seek to deepen our understanding of entrepreneurial competence and identify its key role in the success of SMEs. Finding: Our findings suggest that entrepreneurial competencies, including business skills, management, human relations, conceptual understanding, and attitude, are crucial to the success of SMEs. Developing these competencies can lead to more competitive and sustainable SMEs businesses, ultimately contributing to national economic growth. Research, Practical & Social implications: This study contributes to a better understanding of the important role of entrepreneurial competence in achieving maximum performance in an effort to develop entrepreneurial attitudes and behavior skills which form the basis of economic growth and become the main competence for developing employability in society. Originality/value: The added value of this study serves as a guide on how important the role of entrepreneurial competence is in achieving entrepreneurial success. Continuous improvement of entrepreneurial competence in business is urgently needed to achieve maximum performance for SMEs in Indonesia so that they can grow and develop as pillars of economic growth.

Hubungan antara Kompetensi Kewirausahaan dan Kinerja Usaha Mikro dan Kecil di Sektor Pariwisata di Indonesia

“…Kompetensi ini melampaui keahlian teknis dan mencakup pemikiran strategis, inovasi, kecenderungan mengambil risiko, ketajaman keuangan, dan kemampuan berjejaring. Para peneliti telah menekankan peran penting kompetensi kewirausahaan dalam mempengaruhi berbagai aspek kinerja bisnis, mulai dari mengidentifikasi peluang hingga berhasil mengimplementasikan keputusan strategis (Gunartin et al, 2023;Mubarik et al, 2023). UKM dengan kompetensi kewirausahaan yang kuat lebih mungkin untuk berinovasi, beradaptasi dengan perubahan pasar, dan mencapai pertumbuhan yang berkelanjutan (ROSİTA, 2023).…”

“…Kinerja UMKM di industri pariwisata diukur dengan indikator utama seperti pertumbuhan pendapatan, profitabilitas, pangsa pasar, dan kepuasan pelanggan. UMKM yang sukses di bidang pariwisata menunjukkan kapasitas untuk berinovasi, praktik manajemen yang efektif, dan orientasi strategis (Antonyraj & Kumar, 2023;Gunartin et al, 2023). Bisnis-bisnis ini dipandang sebagai pencipta dan pendorong utama bisnis baru dalam perekonomian [3].…”

Antecedent SMEs Performance: The Interaction Effect of External Integration

“…Along with the rapid development of technology, SMEs face an increasingly competitive business environment that results in difficulties in maintaining their business performance (Kraus et al, 2012). Gunartin et al, (2023) explaining the competency approach has become an increasingly popular means of studying the characteristics of entrepreneurship. Therefore, human capital is an indispensable factor because it affects business performance (Barazandeh et al, 2015).…”

The Effect of the Pancasila Student Profile Strengthening Project to Improve Student Entrepreneurial Competence

“…Competence in business is crucial for tackling the world's economic problems (Hanushek &;Woessmann, 2020;Nurhasanah et al, 2023;Gunartin et al, 2023). Entrepreneurship is one of the primary aspects that may help people and nations overcome numerous obstacles in today's world of quick and dynamic economic changes (Khamimah, 2021).…”