PROFILE AND STATUS OF ENTREPRENEURSHIP ORIENTATION AND KNOWLEDGE CREATING SMEs IN INDONESIA

Authors

  • Albertus Daru Dewantoro
  • Lena Ellitan

Abstract

SMEs have a strategic role in supporting the development of a country from the economic sector, both developing countries and developed countries. In developing countries, SMEs are recognized as engines of economic growth and key contributors to sustainable Gross Domestic Product (GDP) of all countries. Entrepreneurial activities can provide job creation opportunities. Entrepreneurs must have creativity, courage to face risks, dynamism in dealing with problems and understanding opportunities, but they also need direction and wisdom from existing networks. Entrepreneurial orientation can improve organizational performance oriented to knowledge-based resources by focusing on utilizing knowledge resources in exploiting opportunities. In today's competitive competition, where the only certainty is uncertainty, knowledge is considered the main distinguishing factor for business success as seen from the innovation ability of the company. Knowledge creation is considered an asset in competition and success. Knowledge creation and knowledge characteristics are able to stimulate organizational creativity and improve organizational performance. Entrepreneurship orientation and knowledge creation play important roles to build SMEs competitiveness.

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Published

2021-11-03