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The Influence of Entrepreneurship Ecosystem Toward Trust-Building Process of Garut Burayot Center, Indonesia

In: Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)

Author

Listed:
  • Dini Turipanam Alamanda

    (Garut University, Faculty of Economics)

  • Ayuni Ayuni

    (Garut University, Faculty of Economics)

  • Wati Susilawati

    (Garut University, Faculty of Economics)

  • Intan Alya Khoerunnisa

    (Garut University, Faculty of Economics)

Abstract

Trust is an essential factor that can encourage MSMEs to join clusters. One of the MSME centres that have the potential to develop into clusters is the Burayot Centre, located in Garut Regency, West Java, Indonesia. The purpose of this study is to analyze the influence of the entrepreneurial ecosystem on the process of building trust in the Garut Burayot Center. The entrepreneurial ecosystem is vital in facilitating business growth and development in the centre. This study used a quantitative research method using the questionnaire as a data collection instrument. The research sample was a saturated sample of 40 MSME entrepreneurs from the Garut Burayot Center. The data were then analyzed using PLS-SEM with the help of SmartPLS 4.0 software. The results show that the entrepreneurial ecosystem has significantly influenced the trust-building process in the Garut Burayot Center. Conducive environmental factors, solid institutional support, and good interaction between stakeholders are essential factors that help build trust between business actors at the Garut Burayot Center. The findings have important implications for the Garut Burayot Center stakeholders and similar industrial centres. Improving the entrepreneurial ecosystem and strengthening the trust-building process can effectively drive business growth and success in small and medium industrial centres such as Garut Burayot Center.

Suggested Citation

  • Dini Turipanam Alamanda & Ayuni Ayuni & Wati Susilawati & Intan Alya Khoerunnisa, 2024. "The Influence of Entrepreneurship Ecosystem Toward Trust-Building Process of Garut Burayot Center, Indonesia," Advances in Economics, Business and Management Research, in: Ratih Hurriyati & Lili Adi Wibowo & Sulastri Sulastri & Lisnawati Lisnawati (ed.), Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023), pages 1059-1064, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-443-3_137
    DOI: 10.2991/978-94-6463-443-3_137
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