Young Indonesian Businesses to Established Businesses: What Matters

Authors

  • Reynaldi Hartanto Master of Management Program, Graduate School, Parahyangan Catholic University, Indonesia
  • Agus Gunawan Master of Management Program, Graduate School, Parahyangan Catholic University, Indonesia Business Administration Department, Faculty of Political and Social Science, Parahyangan Catholic University, Indonesia Zuyd University of Applied Sciences, Research Centre for Employability, The Netherlands
  • Jol Stoffers Master of Management Program, Graduate School, Parahyangan Catholic University, Indonesia Business Administration Department, Faculty of Political and Social Science, Parahyangan Catholic University, Indonesia Zuyd University of Applied Sciences, Research Centre for Employability, The Netherlands
  • Yoke Pribadi Kornarius Business Administration Department, Faculty of Political and Social Science, Parahyangan Catholic University, Indonesia
  • Ahmad Cahyo Nugroho Politeknik Negeri APP, Ministry of Industry, Indonesia

Keywords:

Young Business, Established Business, GEM, Indonesia

Abstract

This study analyses drivers of the establishment of young businesses in Indonesia. This study uses data from the Global Entrepreneurship Monitoring (GEM) dataset, analysed using cross-tabulation. Results suggest that in Indonesia, young entrepreneurs have less uniqueness in the products they sell, and have low growth expectations. Little support from the external environment, such as social networks, is also an issue in Indonesia, which results in challenges regarding resources and financing. Despite this, persistence in running a business is a characteristic of young businesses. This study focuses only on young businesses and how they sustain to reach the next business phase. Future research should assess how entrepreneurs can reach the nascent or intention phase of entrepreneurship, analysing factors that support young Indonesian business people to become established entrepreneurs, which will bring greater stability to Indonesia’s economic growth.

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Published

2017-12-18

How to Cite

Hartanto, R., Gunawan, A., Stoffers, J., Pribadi Kornarius, Y., & Cahyo Nugroho, A. (2017). Young Indonesian Businesses to Established Businesses: What Matters. Asian Journal of Applied Sciences, 5(6). Retrieved from https://www.ajouronline.com/index.php/AJAS/article/view/5116

Issue

Vol. 5 No. 6 (2017): December 2017

Section

Articles

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