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The Extent of Entrepreneurial Orientation, Social Capital and Knowledge Creation of SMEs in Surabaya

Journal: International Journal of Scientific Engineering and Science (Vol.6, No. 2)

Publication Date:

Authors : ;

Page : 57-65

Keywords : ;

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One of the national economic recovery efforts carried out by the government during the Covid-19 pandemic is to encourage the SMEs sector, which has an important role in the national economy. Entrepreneurship studies that are currently trending are predominantly dominated by processes, recovery efforts and opportunities that arise as a result of disasters through entrepreneurial practices. Social capital is a description of the social relations of business actors in the form of business, professional, and friendship relationships as well as institutions and relationships with local communities. SME business actors are individuals who mainly practice socially by having a network of social relationships. Organizations are required to be able to translate knowledge that exists in individuals, groups or teams, and organizations into reality in the form of products and services produced. The study was conducted on 345 culinary SMEs in Surabaya. Descriptive analysis is used to determine the extent of the level of entrepreneurial orientation, the role of social capital and knowledge creation activities. Descriptively, SME business actors perceive the implementation of entrepreneurial orientation in running their business at a sufficient level. A good level of exploiting the potential of social capital resources consisting of personal network social capital resources; professional networks; association networks and institutional networks are considered capable of improving the business performance of SMEs. Knowledge creation in this study has four indicators, namely socialization; Externalization Indicators; Combination Indicators and Internalization Indicators. Descriptively, respondents considered that the externalization indicator had the highest average value when compared to other indicators. Companies that have a competitive advantage are able to maintain and develop the company. Entrepreneurial orientation, social capital and knowledge creation are resources that are specifically owned and are less likely to be imitated by competitors so these three variables have the potential to make SMEs have more competitive.

Last modified: 2022-03-22 20:53:16