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The Impact of Enterprise Networks, Innovation, and Propensity to Take Risks on the Success of SMEs in the Food and Beverage Sector in West Jakarta

In: Proceedings of the Twelfth International Conference on Entrepreneurship and Business Management 2023 (ICEBM 2023)

Author

Listed:
  • Winna Meiliana

    (Universitas Tarumanagara, Faculty of Economics and Bussines)

  • Lydiawati Soelaiman

    (Universitas Tarumanagara, Faculty of Economics and Bussines)

Abstract

Micro, Small, and Medium Enterprises (SMEs) have made significant contributions to the Indonesian economy, especially in the fast-growing food and beverage sector. This study aims to investigate the influence of enterprise networks, innovation, and propensity to take risks on the success of SMEs in the food and beverage sector in West Jakarta. This research employs descriptive and quantitative methods, and the research hypothesis was tested using PLS-SEM with SmartPLS 4.0 software on 75 respondents. The population in this study comprised business owners or SME managers in the food and beverage field in West Jakarta. The questionnaires were distributed online and offline using nonprobability and purposive sampling techniques. The hypothesis test results revealed that business networks and the propensity to take risks did not significantly affect the business’s success. In contrast, innovation positively and significantly impacted the business’s success.

Suggested Citation

  • Winna Meiliana & Lydiawati Soelaiman, 2024. "The Impact of Enterprise Networks, Innovation, and Propensity to Take Risks on the Success of SMEs in the Food and Beverage Sector in West Jakarta," Atlantis Highlights in Economics, Business and Management, in: Keni Keni & Hetty Karunia Tunjungsari & Teoh Ai Ping (ed.), Proceedings of the Twelfth International Conference on Entrepreneurship and Business Management 2023 (ICEBM 2023), pages 273-281, Springer.
    • Handle: RePEc:spr:atlecp:978-94-6463-508-9_23
    DOI: 10.2991/978-94-6463-508-9_23
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