Effects of Entrepreneurship Training, Digital Innovation, and Social Capital on Business Sustainability in the Creative Industry Sector
DOI:
https://doi.org/10.58812/wsjee.v2i03.1189Keywords:
Business Sustainability, Digital Innovation, Entrepreneurship Training, Social Capital, Creative IndustriesAbstract
This study investigates the impact of Digital Innovation, Entrepreneurship Training, and Social Capital on Business Sustainability within the creative industries sector. Utilizing a quantitative research approach, data were collected from 150 business owners and managers using a structured questionnaire with a five-point Likert scale. The data were analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS 3) to test the proposed hypotheses. The results reveal that all three factors—Digital Innovation, Entrepreneurship Training, and Social Capital—have positive and significant effects on Business Sustainability. Specifically, Social Capital emerged as the strongest predictor, followed by Digital Innovation and Entrepreneurship Training. These findings underscore the importance of embracing digital technologies, investing in entrepreneurial education, and cultivating strong social networks to enhance the sustainability of creative enterprises. The study provides valuable insights for practitioners, policymakers, and educators in the creative industries, offering practical strategies for fostering long-term business success.
References
M. I. Syairozi, R. Rozaini, and I. Susanti, “Creative Economy as an Alternative Solution to Increase Competitiveness in the Digital Era,” in Journal of International Conference Proceedings, 2023, pp. 521–533.
A. Abasova and K. Mamedova, “Creative industry of cities and regions: main features,” 2023.
S. Filipović, “The importance of creative industry for the economic development of the Republic of Serbia,” FINIZ 2022-bus. Resil. a Chang. World, pp. 86–92, 2022.
Y. Mongy, B. Almamari, S. Alhajri, N. S. M. A. M. Al, and E. Heiba, “The Dilemmas of the Creative Industries: Developing a Checklist of the Challenges Faced by Arts-Related Creative Enterprises,” 2023.
H. Rodríguez-Insuasti, N. Montalván-Burbano, O. Suárez-Rodríguez, M. Yonfá-Medranda, and K. Parrales-Guerrero, “Creative economy: A worldwide research in business, management and accounting,” Sustainability, vol. 14, no. 23, p. 16010, 2022.
L. D. Mubarik, B. K. Iskamto, and K. N. Sakib, “Entrepreneurial Competencies and Success of SMEs in Changwon, South Korea,” J. Entrep. Proj. Manag., vol. 7, no. 8 SE-Articles, pp. 1–11, Jul. 2023, doi: 10.53819/81018102t5206.
S. Plečko and B. Bradač Hojnik, “Sustainable Business Practices and the Role of Digital Technologies: A Cross-Regional Analysis,” Systems, vol. 12, no. 3, p. 97, 2024.
W. Warsiman, D. Ekowati, L. Kholisoh, S. Supardi, and R. Susilawati, “The influence of entrepreneurship and digital marketing on sustainable economic development,” Integr. J. Bus. Econ., vol. 8, no. 1, pp. 667–679, 2024.
G. Çera and V. Ndou, “The role of innovation and social media in explaining corporate social responsibility–business sustainability nexus in entrepreneurial SMEs,” Eur. J. Innov. Manag., 2024.
M. H. Shakil, N. W. B. M. Zuhudi, and R. N. Idrees, “Sustainable Entrepreneurship: The Impact of Corporate Size and Innovation on the Integration of Environmental and Social Responsibility in Business Ventures,” J. Entrep. Bus. Ventur., vol. 4, no. 1, 2024.
A. Boh and T. J. Adoka, “Artistic creativity, digital technologies and theatrical sustainability: Integrating new media in theatre practice,” Niger. Theatr. J., vol. 23, pp. 27–37, 2023.
P. Shi, G. Hu, D. Hong, and H. Cao, “The Impact of Digital Economy on Corporate Green Technology Innovation,” Acad. J. Sci. Technol., vol. 10, no. 1, pp. 463–466, 2024.
Y. Yoo, R. J. Boland, K. Lyytinen, and A. Majchrzak, “Organizing for innovation in the digitized world,” Organ. Sci., vol. 23, no. 5, pp. 1398–1408, 2012, doi: 10.1287/orsc.1120.0771.
A. Hidayatullah and F. A. Alijoyo, “Membangun Fondasi Complementary Agenda Untuk Transformasi Digital Bisnis,” 2024.
F. Halim, R. C. S. D. Kusuma, S. Sherly, C. Loist, and A. Sudirman, “THE INFLUENCE OF SOCIAL CAPITAL AND INNOVATION CAPABILITY ON CREATIVE INDUSTRY BUSINESS PERFORMANCE,” Int. J. Business, Law, Educ., vol. 4, no. 2, pp. 971–978, 2023.
N. Riabinina, “SOCIAL CAPITAL AS A SOURCE OF INDIVIDUAL-COLLECTIVE ECONOMIC STABILITY,” Soc. Econ., no. 64, pp. 13–22, 2022.
S. J. W. Astuti, “Membangun Kembali Social Capital Dalam Rangka Reformasi Administrasi di Indonesia,” Governance, JKMP (Governance, J. Kebijak. Manaj. Publik), vol. 1, no. 2, pp. 104–115, 2010.
Y. Mayasari and T. Chandra, “Social capital for knowledge management system of the creative industry,” J. Enterprising Communities People Places Glob. Econ., vol. 14, no. 4, pp. 481–494, 2020.
V. M. Azza and G. Rae, “Application of Personal data protection on electronic signatures in Indonesia.,” J. Indones. Sos. Teknol., vol. 5, no. 5, 2024.
J. Martínez-Falcó, B. Marco-Lajara, E. Sánchez-García, and L. A. Millan-Tudela, “Sustainable Development Goals in the business sphere: A bibliometric review,” Sustainability, vol. 15, no. 6, p. 5075, 2023.
M. Durão, S. Nogueira, S. Fernandes, and A. Neves, “Entrepreneurship learning: Applying a revised experiential learning model to cultural and creative industries,” in Perspectives and Trends in Education and Technology: Selected Papers from ICITED 2022, Springer, 2023, pp. 153–163.
J. F. Maigida, T. M. Saba, and J. U. Namkere, “Entrepreneurial skills in technical vocational and training as a strategic approach for achieving youth empowerment in Nigeria,” 2013.
Y. Park, “The Role of Education in Fostering Entrepreneurial Skills and Mindsets,” 2024.
S. Shetty G, V. Baliga, and M. Thomas Gil, “Impact of entrepreneurial mindset and motivation on business performance: deciphering the effects of entrepreneurship development program (EDPs) on trainees,” Cogent Bus. Manag., vol. 11, no. 1, p. 2314733, 2024.
D. Aseanty, L. Warsindah, and S. Dizar, “Creative and Innovative Entrepreneurial Spirit for Students of the Bina Amanah Cordova Entrepreneurship School,” J. Pengabdi. Masy. Bestari, vol. 2, no. 2, pp. 197–206, 2023.
W. G. Salsabila, C. Adelicia, A. Putri, and W. Mohammad, “Web-Based Management of Whitefilia Social Media Content Projects Using Trello,” Yumeka J. Digit. Bus. Econ., vol. 1, no. 1, pp. 29–35, 2023.
Z. Wang, S. Lin, Y. Chen, O. Lyulyov, and T. Pimonenko, “Digitalization effect on business performance: role of business model innovation,” Sustainability, vol. 15, no. 11, p. 9020, 2023.
A. Syafi’i, S. Shobichah, and A. Asyifah, “Innovation in Business Management: The Key To Success in the Digital Age,” Am. J. Econ. Manag. Bus., vol. 2, no. 9, pp. 337–344, 2023.
L. R. Sala-Vilar, J. Li-Ying, and T. Traunecker, “How do innovation intermediaries’ business models cope with their need to develop new digital services?,” Technovation, vol. 131, p. 102950, 2024.
M. Chen, R. W. Angus, H. N. Herrick, and J. B. Barney, “Accessing human capital resources for entrepreneurial endeavors through social networks: The implications of strong tie superiority, social media, and heterogeneous human capital,” Strateg. Entrep. J., vol. 17, no. 3, pp. 535–559, 2023.
M. Mądra-Sawicka, “4 ESG’s role in creating trust, social and business relationships versus companies’ financial performance on capital market,” Trust Soc. Bus. Relations Theory Pract., p. 43, 2024.
S. Venkatasubramanian, C. Scheidegger, S. Friedler, and A. Clauset, “Fairness in networks: social capital, information access, and interventions,” in Proceedings of the 27th ACM SIGKDD Conference on Knowledge Discovery & Data Mining, 2021, pp. 4078–4079.
S. Mishra and L. Müller, “Resources, norms, and dropout intentions of migrant students in Germany: The role of social networks and social capital,” Stud. High. Educ., vol. 47, no. 8, pp. 1666–1680, 2022.
M. L. S. García, T. de J. V. Vega, and M. L. S. Limón, “La Sustentabilidad Empresarial, los informes de sustentabilidad, los índices sustentables y el desempeño financiero,” Lúmina, vol. 25, no. 1, p. 2, 2024.
M. T. Hana, N. A. Nugraheni, D. Shofiyani, S. D. Candra, and I. Nurfadhilah, “Pengaruh Produktifitas Desa Wisata, Stabilisasi Ekonomi Dan Digital Marketing Terhadap Keberlanjutan Usaha Pada Balkondes Di Borobudur,” J. Manaj. Divers., vol. 4, no. 1, pp. 133–142, 2024.
Y. Iskandar, R. Pahrijal, and K. Kurniawan, “Sustainable HR Practices in Indonesian MSMEs from a Social Entrepreneurship Perspective: Training, Recruitment, Employee Engagement, Social Impact of Local Communities,” Int. J. Business, Law, Educ., vol. 4, no. 2, pp. 904–925, 2023.
S. Y. Ilyin, O. V Krasnyanskaya, I. V Shatskaya, and O. N. Beketova, “Business sustainability management in the current scientific and technical climate,” in E3S Web of Conferences, EDP Sciences, 2020, p. 3034.
F. Chien, C.-N. Wang, K. Y. Chau, V. T. Nguyen, and V. T. Nguyen, “Sustainability in the Business sector: A fuzzy multicriteria decision-making model for financial leasing company selection of the vietnamese SMEs,” SAGE Open, vol. 11, no. 3, p. 21582440211036080, 2021.
P. Popova, V. Popov, K. Marinova, and M. Petrova, “The Role of Digital Platforms and Big Data Analytics as a Base for Digital Service Innovation,” in 2023 4th International Conference on Communications, Information, Electronic and Energy Systems (CIEES), IEEE, 2023, pp. 1–8.
Z. Fransinatra, G. Adjie, and R. M. I. Saputra, “DIGITAL TECHNOLOGY BASED BUSINESS MODEL DESIGN ANALYSIS,” J. Manaj. dan Bisnis, vol. 12, no. 1, pp. 66–77, 2023.
Y. Koval and A. Zahorodnia, “Management of innovation processes in the business environment in the context of digitalization of the economy,” Dev. Innov. Financ. Technol. Digit. Econ., pp. 107–126, 2023.
V. Atiase, Y. Wang, and S. Mahmood, “Does managerial training increase SME managers’ effectiveness? A capability development approach,” Int. J. Entrep. Behav. Res., vol. 29, no. 8, pp. 1807–1836, 2023.
H. Miço and J. Cungu, “Entrepreneurship education, a challenging learning process towards entrepreneurial competence in education,” Adm. Sci., vol. 13, no. 1, p. 22, 2023.
B. Ozkazanc-Pan and S. Clark Muntean, “Networking towards (in)equality: Women entrepreneurs in technology,” Gender, Work Organ., vol. 25, no. 4, pp. 379–400, 2018, doi: 10.1111/gwao.12225.
E. N. Bridwell-Mitchell, J. Jack, and J. Childs, “The Social Structure of School Resource Disparities: How Social Capital and Interorganizational Relationships Matter for Educational Equity,” Sociol. Educ., vol. 96, no. 4, pp. 275–300, 2023.
N. Oudeniotis and G. O. Tsobanoglou, “Interorganizational Cooperation and Social Capital Formation among Social Enterprises and Social Economy Organizations: A Case Study from the Region of Attica, Greece,” Soc. Sci., vol. 11, no. 3, p. 104, 2022.
I. D. Istikomah, R. E. Agiati, and A. E. Ilyas, “Modal Sosial Pengurus Karang Taruna dalam Menangani Kemiskinan di Desa Bunisari Kecamatan Warungkondang Kabupaten Cianjur,” J. Ilm. Perlindungan dan Pemberdaya. Sos., vol. 3, no. 02, pp. 88–107, 2021.
M. Sarstedt, C. M. Ringle, and J. F. Hair, “Partial least squares structural equation modeling,” in Handbook of market research, Springer, 2021, pp. 587–632.
S. Nambisan, “Digital Entrepreneurship: Toward a Digital Technology Perspective of Entrepreneurship,” Entrep. Theory Pract., vol. 41, no. 6, pp. 1029–1055, 2017, doi: 10.1111/etap.12254.
N. T. Trang, J. J.-E. Yoo, D. Joo, and G. Lee, “Incorporating senses into destination image,” J. Destin. Mark. Manag., vol. 27, p. 100760, 2023.
I. Muis, T. M. Adhi, and R. F. Kamalia, “The Impact of Digital Marketing and Innovation on Marketing Performance is Influenced through the Development of a Competitive Advantage,” Rev. Gestão Soc. e Ambient., vol. 18, no. 8, pp. e6182–e6182, 2024.
F. Hidayat, S. Sumantri, A. E. Rumengan, C. Wibisono, and M. Khaddafi, “The Effect of Digital Leadership, Information Technology and Digital Competency on Employee Performance in the Digital Era: Mediating Role of Job Satisfaction,” Int. J. Adv. Soc. Sci. Humanit., vol. 2, no. 2, pp. 144–151, 2023.
K. R. Memon and S. K. Ooi, “Identifying digital leadership’s role in fostering competitive advantage through responsible innovation: A SEM-Neural Network approach,” Technol. Soc., vol. 75, p. 102399, 2023.
F. U. Rehman, “Digital capabilities and market competitiveness: the two-fold mediation of internal and external drivers,” Eur. Bus. Rev., 2024.
H. Halim et al., “Enhancing Entrepreneurship Resource Competence through Business Incubator Consultant Certification,” Asian J. Community Serv., vol. 3, no. 4, pp. 347–356, 2024.
I. W. Puro, M. Nasir, and A. A. Setyawan, “THE EFFECT OF INTERNSHIP AND ENTREPRENEURSHIP TRAINING ON STRAT-UP PERFORMANCE WITH ENTREPRENEURIAL MOTIVATION AS AN INTERVENING VARIABEL,” J. Mebis, vol. 8, no. 2, pp. 198–213, 2023.
G. Chaitanya et al., “An empirical study on the role of leadership development program and its impact on entrepreneurial activities,” Risk Decis. Anal., no. Preprint, pp. 1–16.
R. labadan Amigo and C. P. R. Echavez, “Role of Social Capital on the Resilient Capacity of Cooperatives,” Asia Pacific J. Soc. Behav. Sci., vol. 21, pp. 29–41, 2023.
F. H. Ergen Keleş and E. Keleş, “Resilience in service firms: the impact of social capital on firm performance during turmoil,” Mark. Intell. Plan., vol. 41, no. 7, pp. 970–991, 2023.
R. Khoiriyati, J. Winarno, and E. Lestari, “Strengthening Social Capital in Increasing The Welfare of Members in The Gapoktan Tani Makmur, Ngawi Regency,” J. Indones. Sos. Sains, vol. 3, no. 11, pp. 1467–1477, 2022.
R. I. Beekun and J. A. Badawi, “Balancing ethical responsibility among multiple organizational stakeholders: The Islamic perspective,” J. Bus. ethics, vol. 60, pp. 131–145, 2005.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Loso Judijanto, Haruni Ode, Arief Yanto Rukmana, Antoni, Najdah Thalib
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Facebook 
Instagram 
Twitter 
Youtube 
+62 821 1557 5700 
info@westscience-press.com 