The Role of Technology in Fostering Innovation and Growth in Start-up Businesses
DOI:
https://doi.org/10.58812/wsjee.v1i03.151Keywords:
Technology, Innovation, Growth, Start-up, BusinessAbstract
The integration of technology within the context of start-up enterprises has emerged as a transformative force driving innovation and growth. This paper presents a bibliometric analysis of the literature on the role of technology in propelling business innovation and growth in start-ups. Through a systematic review of scholarly articles, this study aims to uncover key trends, themes, and influential contributions in the field. The analysis employs co-citation networks, author and institution mapping, journal analysis, and keyword clustering to map the intellectual landscape of this dynamic research domain. The findings highlight the centrality of concepts such as open innovation, digital transformation, and disruptive innovation, underscoring the multidimensional interplay between technology and start-up success. Prolific authors and influential institutions are identified, showcasing the collaborative nature of research in this area. The prominence of specific journals underscores the dissemination of knowledge within the academic community. The comprehensive keyword analysis reveals prevalent themes such as business models, performance, and open innovation, as well as emerging considerations including sustainability and barriers. The insights derived from this bibliometric analysis contribute to a deeper understanding of the complex dynamics that shape the symbiotic relationship between technology, innovation, and growth in start-ups.
References
M. Klačmer Čalopa, J. Horvat, and M. Lalić, “Analysis of financing sources for start-up companies,” Manag. J. Contemp. Manag. issues, vol. 19, no. 2, pp. 19–44, 2014.
S. Sharma and D. P. Goyal, “Entrepreneurial marketing strategies for small businesses: An exploratory study of start-up companies in India,” Indian J. Mark., vol. 50, no. 8–9, pp. 48–65, 2020.
I. Linina, D. Arbidans, and V. Vevere, “Identification of business management improvement factors for start-up companies in Latvia in the conditions of globalization,” in SHS Web of Conferences, 2021, vol. 129, p. 8011.
A. Azmy and A. Priyono, “Leadership Roles For Improving Employee Productivity at Digital Start-Up Company,” J. Manaj. Bisnis, vol. 13, no. 1, pp. 16–27, 2022.
W. Liu, Y. Liang, X. Bao, J. Qin, and M. K. Lim, “China’s logistics development trends in the post COVID-19 era,” Int. J. …, 2022, doi: 10.1080/13675567.2020.1837760.
W. Jing, “Construction of an E-commerce system based on 5G and Internet of Things technology,” … Inf. Syst. Supply Chain Manag. …, 2022.
S. Fatonah and A. Haryanto, “Exploring market orientation, product innovation and competitive advantage to enhance the performance of SMEs under uncertain evens,” Uncertain Supply Chain Manag., vol. 10, no. 1, pp. 161–168, 2022.
S. Supriandi, “PENGARUH MODAL SOSIAL, KAPABILITAS FINANSIAL, ORIENTASI KEWIRAUSAHAAN TERHADAP DAYA SAING BISNIS BERKELANJUTAN SERTA IMPLIKASINYA PADA KINERJA UMKM INDUSTRI KULINER DI KOTA SUKABUMI.” Nusa Putra, 2022.
- Kurniawan, A. Maulana, and Y. Iskandar, “The Effect of Technology Adaptation and Government Financial Support on Sustainable Performance of MSMEs during the COVID-19 Pandemic,” Cogent Bus. Manag., vol. 10, no. 1, p. 2177400, 2023.
V. Semenova, “Entry Dynamics of Startup Companies and the Drivers of Their Growth in the Nascent Blockchain Industry,” 2021.
S. Li, “Promotional strategies of media startup companies,” 2016.
R. Verma, J. Verma, and R. Kumari, “Role of Technology Business Incubator (TBI) in Sustaining Start-Ups: The Case of Startup Incubation and Business Innovation Lab (SIBIL),” Manag. Disruptions Bus. Causes, Conflicts, Control, pp. 421–432, 2022.
R. Vaz, J. V. de Carvalho, and S. F. Teixeira, “Towards a Unified Virtual Business Incubator Model: A Systematic Literature Review and Bibliometric Analysis,” Sustainability, vol. 14, no. 20, p. 13205, 2022.
M. Sánchez-Robles, J. R. Saura, and D. Ribeiro-Soriano, “Overcoming the challenges of cooperative startups businesses: insights from a bibliometric network analysis,” Rev. Manag. Sci., pp. 1–32, 2023.
A. Krupskaya, “New service development in knowledge intensive business services: dynamic links between knowledge base, performance and innovation,” 2018.
L. Tchuta and F. Xie, “Towards a synergic innovation management model: the interplay of market, technology, and management innovations,” Int. J. Bus. Econ. Dev., vol. 5, no. 1, 2017.
L. Khikhadze, “The relevance of using digital and cognitive technologies in small businesses in the conditions of a global pandemic.,” Econ. Bus., no. 3, 2022.
D. M. H. Kee, Y. M. Yusoff, and S. Khin, “The role of support on start-up success: a PLS-SEM approach,” Asian Acad. Manag. J., vol. 24, pp. 43–59, 2019.
L. Xia and S. Liu, “Intelligent IoT-based cross-border e-commerce supply chain performance optimization,” Wireless Communications and Mobile Computing. hindawi.com, 2021.
I. P. Chochliouros, M. A. Kourtis, A. S. Spiliopoulou, and ..., “Energy efficiency concerns and trends in future 5G network infrastructures,” Energies, 2021.
D. Basu, R. Datta, and U. Ghosh, “Softwarized network function virtualization for 5g: Challenges and opportunities,” Internet Things Secur. Smart …, 2020.
R. Singh, A. Gehlot, S. V Akram, L. R. Gupta, M. K. Jena, and ..., “Cloud manufacturing, internet of things-assisted manufacturing and 3D printing technology: reliable tools for sustainable construction,” Sustainability, 2021.
N. Somsuk, T. Laosirihongthong, and M. W. McLean, “Strategic management of university business incubators (UBIs): Resource-based view (RBV) theory,” in 2012 IEEE 6th International Conference on Management of Innovation and Technology, ICMIT 2012, 2012, pp. 611–618. doi: 10.1109/ICMIT.2012.6225876.
M. Phiri, “Exploring digital marketing resources, capabilities and market performance of small to medium agro-processors. A conceptual model,” J. Bus. Retail Manag. Res., vol. 14, no. 2, 2020.
F. D. Modau, N. Dhanpat, P. Lugisani, R. Mabojane, and M. Phiri, “Exploring employee retention and intention to leave within a call centre,” SA J. Hum. Resour. Manag., vol. 16, no. 1, pp. 1–13, 2018.
Y. Iskandar, “Strategic Business Development of Polosan Mas Ibing with the Business Model Canvas Approach,” in International Conference on Economics, Management and Accounting (ICEMAC 2021), 2022, pp. 164–179.
H. M. Al-Mubaraki and M. Busler, “Business incubators: Findings from a worldwide survey, and guidance for the GCC states,” Glob. Bus. Rev., vol. 11, no. 1, pp. 1–20, 2010, doi: 10.1177/097215090901100101.
A. Haidine, F. Z. Salmam, A. Aqqal, and ..., “Artificial intelligence and machine learning in 5G and beyond: a survey and perspectives,” … Technol. 5G …, 2021.
A. N. Toosi, R. Mahmud, Q. Chi, and ..., “Management and orchestration of network slices in 5G, fog, edge and clouds,” Fog Edge Comput. …, 2019.
S. A. A. Shah, E. Ahmed, M. Imran, and ..., “5G for vehicular communications,” IEEE Commun. …, 2018.
T. Qoriawan and I. D. Apriliyanti, “Exploring connections within the technology-based entrepreneurial ecosystem (EE) in emerging economies: understanding the entrepreneurship struggle in the Indonesian EE,” J. Entrep. Emerg. Econ., no. ahead-of-print, 2022.
A. Cavallo, A. Ghezzi, and R. Balocco, “Entrepreneurial ecosystem research: Present debates and future directions,” Int. Entrep. Manag. J., vol. 15, pp. 1291–1321, 2019.
R. Purbasari, H. A. Muhyi, and I. Sukoco, “Actors and their roles in entrepreneurial ecosystem: a network theory perspective: cooperative study in Sukabumi, West Java,” Rev. Integr. Bus. Econ. Res., vol. 9, pp. 240–253, 2020.
P. Ratih, W. Chandra, and R. Ning, “The impact of the entrepreneurial ecosystem on regional competitive advantage: A network theory perspective,” Russ. J. Agric. Socio-Economic Sci., vol. 83, no. 11, pp. 49–63, 2018.
S. Kraus, C. Palmer, N. Kailer, F. L. Kallinger, and J. Spitzer, “Digital entrepreneurship: A research agenda on new business models for the twenty-first century,” Int. J. Entrep. Behav. Res., vol. 25, no. 2, pp. 353–375, 2019, doi: 10.1108/IJEBR-06-2018-0425.
D. M. Hechavarria and A. Ingram, “A review of the entrepreneurial ecosystem and the entrepreneurial society in the United States: An exploration with the global entrepreneurship monitor dataset,” J. Bus. Entrep., vol. 26, no. 1, pp. 1–35, 2014.
H. W. Chesbrough, Open innovation: The new imperative for creating and profiting from technology. Harvard Business Press, 2003.
J. Tidd and J. R. Bessant, Managing innovation: integrating technological, market and organizational change. John Wiley & Sons, 2020.
W. J. Abernathy and J. M. Utterback, “Patterns of industrial innovation,” Technol. Rev., vol. 80, no. 7, pp. 40–47, 1978.
C. A. O Reilly and M. L. Tushman, “The ambidextrous organization,” Harv. Bus. Rev., vol. 82, no. 4, pp. 74–83, 2004.
R. Rothwell, “Towards the fifth‐generation innovation process,” Int. Mark. Rev., vol. 11, no. 1, pp. 7–31, 1994.
C. Lee, K. Lee, and J. M. Pennings, “Internal capabilities, external networks, and performance: a study on technology‐based ventures,” Strateg. Manag. J., vol. 22, no. 6‐7, pp. 615–640, 2001.
R. Nidumolu, C. K. Prahalad, and M. R. Rangaswami, “Why sustainability is now the key driver of innovation,” Harv. Bus. Rev., vol. 87, no. 9, pp. 56–64, 2009.
S. Blank, “Why the lean start-up changes everything.” Harvard Business Review, 2018.
A. Y. Rukmana, R. Meltareza, B. Harto, O. Komalasari, and N. Harnani, “Optimizing the Role of Business Incubators in Higher Education: A Review of Supporting Factors and Barriers,” West Sci. Bus. Manag., vol. 1, no. 03, pp. 169–175, 2023.
A. Y. Rukmana, “ANALISIS PENGARUH PEMBELAJARAN DI SMK DAN KEAHLIAN KEWIRAUSAHAAN TERHADAP NIAT DAN SIKAP KEWIRAUSAHAAN SISWA SMK PELITA BANDUNG.” Tesis Program Magister Management Universitas Widyatama Bandung, 2017.
A. Y. Rukmana, R. Bakti, H. Ma’sum, and L. U. Sholihannnisa, “Pengaruh Dukungan Orang Tua, Harga Diri, Pengakuan Peluang, dan Jejaring terhadap Niat Berwirausaha di Kalangan Mahasiswa Manajemen di Kota Bandung,” J. Ekon. Dan Kewirausahaan West Sci., vol. 1, no. 02, pp. 89–101, 2023.
F. Sudirjo, P. A. A. N. Putri, A. Y. Rukmana, and E. S. Hertini, “DURING THE COVID-19 PANDEMIC, SOUTH GARUT DEVELOPED A MARKETING PLAN FOR SANSEVIERIA ORNAMENTAL PLANTS,” J. Ekon., vol. 12, no. 02, pp. 1066–1075, 2023.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Hendri Khuan, Eva Andriani , Arief Yanto Rukmana
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.