Dynamic of Product Innovation, Community Involvement, and Regulatory Policy: Case Study of MSME Entrepreneurship in Indonesia

This research examines the dynamic interplay of product innovation, community involvement, and regulatory policies in the context of Micro, Small, and Medium Enterprises (MSMEs) entrepreneurship in Indonesia. MSMEs are pivotal contributors to Indonesia's economy, constituting a significant port...

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Main Authors: Afdhal Chatra, Indra Budaya, Saprudin Saprudin, Loso Judijanto
Format: Article
Language:English
Published: IJBLE Scientific Publications Community Inc. 2024-01-01
Series:International Journal of Business, Law, and Education
Subjects:
Online Access:https://ijble.com/index.php/journal/article/view/356
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author Afdhal Chatra
Indra Budaya
Saprudin Saprudin
Loso Judijanto
author_facet Afdhal Chatra
Indra Budaya
Saprudin Saprudin
Loso Judijanto
author_sort Afdhal Chatra
collection DOAJ
description This research examines the dynamic interplay of product innovation, community involvement, and regulatory policies in the context of Micro, Small, and Medium Enterprises (MSMEs) entrepreneurship in Indonesia. MSMEs are pivotal contributors to Indonesia's economy, constituting a significant portion of the GDP and providing substantial employment. The study focuses on understanding how product innovation, community engagement, and regulatory frameworks influence the success of MSMEs. The research employs a conceptual framework, literature review, and empirical analysis to explore the relationships among these variables. Data collection involves structured surveys distributed among MSMEs, and the analysis employs Partial Least Squares Structural Equation Modeling (PLS SEM). The results indicate positive correlations between product innovation, community involvement, regulatory policies, and entrepreneurial success. The study's implications highlight the need for supportive regulatory environments, community-centric policies, and innovation support for MSMEs. The research contributes valuable insights for policymakers, industry stakeholders, and MSME entrepreneurs in Indonesia.
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spelling doaj.art-94b43a8f0c294957b9862bc2dc15abc92024-03-05T11:49:45ZengIJBLE Scientific Publications Community Inc.International Journal of Business, Law, and Education2747-139X2024-01-015110511810.56442/ijble.v5i1.356375Dynamic of Product Innovation, Community Involvement, and Regulatory Policy: Case Study of MSME Entrepreneurship in IndonesiaAfdhal Chatra0Indra Budaya1Saprudin Saprudin2Loso Judijanto3STIE Sakti Alam KerinciSTIE Sakti Alam KerinciUniversitas AntakusumaIPOSS JakartaThis research examines the dynamic interplay of product innovation, community involvement, and regulatory policies in the context of Micro, Small, and Medium Enterprises (MSMEs) entrepreneurship in Indonesia. MSMEs are pivotal contributors to Indonesia's economy, constituting a significant portion of the GDP and providing substantial employment. The study focuses on understanding how product innovation, community engagement, and regulatory frameworks influence the success of MSMEs. The research employs a conceptual framework, literature review, and empirical analysis to explore the relationships among these variables. Data collection involves structured surveys distributed among MSMEs, and the analysis employs Partial Least Squares Structural Equation Modeling (PLS SEM). The results indicate positive correlations between product innovation, community involvement, regulatory policies, and entrepreneurial success. The study's implications highlight the need for supportive regulatory environments, community-centric policies, and innovation support for MSMEs. The research contributes valuable insights for policymakers, industry stakeholders, and MSME entrepreneurs in Indonesia.https://ijble.com/index.php/journal/article/view/356product innovationcommunity involvementregulatory policymsmeentrepreneurship
spellingShingle Afdhal Chatra
Indra Budaya
Saprudin Saprudin
Loso Judijanto
Dynamic of Product Innovation, Community Involvement, and Regulatory Policy: Case Study of MSME Entrepreneurship in Indonesia
International Journal of Business, Law, and Education
product innovation
community involvement
regulatory policy
msme
entrepreneurship
title Dynamic of Product Innovation, Community Involvement, and Regulatory Policy: Case Study of MSME Entrepreneurship in Indonesia
title_full Dynamic of Product Innovation, Community Involvement, and Regulatory Policy: Case Study of MSME Entrepreneurship in Indonesia
title_fullStr Dynamic of Product Innovation, Community Involvement, and Regulatory Policy: Case Study of MSME Entrepreneurship in Indonesia
title_full_unstemmed Dynamic of Product Innovation, Community Involvement, and Regulatory Policy: Case Study of MSME Entrepreneurship in Indonesia
title_short Dynamic of Product Innovation, Community Involvement, and Regulatory Policy: Case Study of MSME Entrepreneurship in Indonesia
title_sort dynamic of product innovation community involvement and regulatory policy case study of msme entrepreneurship in indonesia
topic product innovation
community involvement
regulatory policy
msme
entrepreneurship
url https://ijble.com/index.php/journal/article/view/356
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AT saprudinsaprudin dynamicofproductinnovationcommunityinvolvementandregulatorypolicycasestudyofmsmeentrepreneurshipinindonesia
AT losojudijanto dynamicofproductinnovationcommunityinvolvementandregulatorypolicycasestudyofmsmeentrepreneurshipinindonesia