The role of institutional potential and social entrepreneurship as the main drivers of business opportunity and competitiveness

Prasetyo, P. Eko; Setyadharma, Andryan; Kistanti, Nurjannah Rahayu

doi:10.5267/j.uscm.2021.10.006

Cited by 7 publications

(17 citation statements)

References 30 publications

(45 reference statements)

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“…Promoting more humane digital and social technology innovations requires new business models for SSE transformation, such as social and green entrepreneurship, green technology or human capital, green economy, and the principle P. E. Prasetyo, A. Setyadharma Journal of Human Resource and Sustainability Studies of "tuna satak bathi sanak" (Prasetyo et al, 2022Esteves et al, 2021;Makarovič, 2022;Pangarso et al, 2022).…”

Section: Resultsmentioning

confidence: 99%

“…In contrast, entrepreneurial digitalization is the application of digital technology (Giones & Brem, 2017). Regarding Schumpeter's theoretical basis, digital technology in entrepreneurship is a transformation resulting from the socio-economic evolution through entrepreneurial innovation (Prasetyo et al, 2022;Hilbert, 2020). This study interpreted the digitalization of entrepreneurship as a revolution in the digital technology performance for sustainable entrepreneurship.…”

Section: Literature Reviewmentioning

confidence: 95%

“…The path to disruption through social innovation may have also changed, though the fundamental characteristics and motivations remain the same (Steininger et al, 2022). Social innovation is a key element of social entrepreneurship used to solve public problems because they cannot be solved by institutional performance (Prasetyo et al, 2022;Joel & Nel, 2021;Qureshi, 2021). Therefore, it is interesting to examine the Neo-Schumpeter view of the optimistic bias regarding the relationship between technology, economy, and society.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The rapid development of sustainable digitalization technology plays a major role in the current industrial revolution (Qin et al, 2022;Li et al, 2022;Baranauskas & Raisiene, 2022). This phenomenon is linked to Schumpeter's innovation theory of the socio-economic evolution of entrepreneurship through technology (Prasetyo et al, 2022;Langroodi, 2021;Hilbert, 2020). Schumpeter's theory defines innovation as combining new knowledge to create new products, markets, organizations, and methods.…”

Section: Introductionmentioning

confidence: 99%

“…Schumpeter's theory defines innovation as combining new knowledge to create new products, markets, organizations, and methods. Moreover, it identifies technological innovation as the main key to the industrial revolution and entrepreneurship (Prasetyo et al, 2021(Prasetyo et al, , 2022Knell, 2021;Hilbert, 2020). As a knowledge-based goods production process, the digital technology transformation of rural entrepreneurship could be considered an innovation.…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Digitalization Technology for Sustainable Rural Entrepreneurship and Inequality

Prasetyo¹,

Setyadharma²

2022

JHRSS

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The digitalization technology transformation of entrepreneurship has positive impacts but also increases inequality and disrupts the sustainable development goals (SDGs). This study aimed to examine the impact of digitalization technology transformation on rural entrepreneurship and explain its mitigation efforts using exploratory sequential mixed methods. The policy acceptance model method was used to reduce uncertainty in analyzing entrepreneurial behavior patterns. Data were collected using questionnaires and semi-structured interviews equipped with ethnographic observations. The results showed that the digitalization technology transformation of rural entrepreneurship supports various new potentials. These include decent work opportunities, family entrepreneurship, and local economic growth. However, the technology increases inequality and the fear of traditional markets that could disrupt achieving other sustainable development goals (SDGs). This inequality and the risk of uncertainty could be mitigated by the social solidarity economic transformation business model based on the potential of local humanist wisdom. Therefore, this study could provide scientific information and implications for social and institutional policies. It could also contribute to the literature on new institutional and social entrepreneurship innovation theories related to the wave of Kontratieff Schumpeter.

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Section: Resultsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 95%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Digitalization Technology for Sustainable Rural Entrepreneurship and Inequality

Prasetyo¹,

Setyadharma²

2022

JHRSS

Self Cite

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The Spirit of Social Entrepreneurship and Institutional Environment as Drives of Sustainable Economic Growth

Prasetyo¹,

Pujiati²,

Setyadharma³

et al. 2022

IJSDP

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The impact of the COVID-19 pandemic is widely spread, not only multi-sectoral, but also across many fields, especially in socio-economic life and institutions of the communities. The purpose of this paper is to explain the importance of building a spirit of social entrepreneurship and the institutional environment to accelerate economic recovery and growth caused by the impact of the COVID-19 pandemic. The research method used a mixed methods research design. Qualitative and quantitative descriptive analysis was used through exploratory and explanatory designs. The main data source is primary data obtained through a survey of social entrepreneurship actors in various regions in Indonesia. The main contribution is to provide a conceptual model that integrates the spirit of social entrepreneurship (SSE) into new institutional economic theory (NIE). The results of the study concluded that the role of social entrepreneurship (SE) and the institutional environment has not been optimized to support economic growth. Hence, there is a need for a spirit and existing institutional environment quality to encourage sustainable economic growth. Without a strong spirit and encouragement from the quality of the institutional environment which has political authority, the SE will be difficult to become a formal and strong entrepreneurial and cultural economic movement.

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The Nexus between Unemployment and Entrepreneurship in Namibia: Empirical Evidence of Refugee and Schumpeter Effects

Nautwima,

Asa,

Atiku

2023

Preprint

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: There remains no acquiescence that confirms the extent to which unemployment and entrepreneurship influence each other in developing countries. Thus, an incessant invite for further debate attracted the need to assess the relationship between unemployment and entrepreneurship in terms of business formation in Namibia Given that, this study examines the relationship between unemployment and entrepreneurial activities in Namibia. Time series data were collected from the World Bank database to investigate the relationship between unemployment and entrepreneurship in Namibia. Unit root test was conducted using both the Augmented Dickey-Fuller test and the Phillips-Perron test to measure stationarity of the data and found all the variables to have no unit root after the first difference. Thus, we employed the Johansen-Juselius test of cointegration, and the results revealed the absence of a long-run relationship between the variables. Hence, we performed a vector autoregressive (VAR) model to estimate the short-run relationships and found that Namibia exhibit both the refugee and Schumpeter effects. Finally, the direction of causality between the variables was measured using the Pairwise Granger causality test and the results revealed that none of the variables was proven to granger cause the other, concluding that they are all independent of each other. Therefore, in pursuit of unemployment mitigation, we recommend policymakers to focus on other aspects beyond entrepreneurship when devising policies without jeopardizing the ease of business start-up procedures. This will incentivize entrepreneurial activities, which can eventually address other macroeconomic issues beyond unemployment.

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The role of institutional potential and social entrepreneurship as the main drivers of business opportunity and competitiveness

Cited by 7 publications

References 30 publications

Digitalization Technology for Sustainable Rural Entrepreneurship and Inequality

Digitalization Technology for Sustainable Rural Entrepreneurship and Inequality

The Spirit of Social Entrepreneurship and Institutional Environment as Drives of Sustainable Economic Growth

The Nexus between Unemployment and Entrepreneurship in Namibia: Empirical Evidence of Refugee and Schumpeter Effects

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