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Innovation in Business Management Exploring the Path to Competitive Excellence

APTISI Transactions on Management (ATM) · Vol. 8 No. 1 (2024) · hlm. 58–65

DOI
10.33050/atm.v8i1.2204
ISSN
2622-6804, 2622-6812
Terbit
2024-01-17
Penerbit
Pandawan
Bahasa
en
Lisensi
creativecommons.org/licenses/by-sa/4.0

Abstrak

In the realm of business management, the focal point has shifted towards innovation as a pivotal endeavor for attaining a competitive edge. This study aims to delve into the repercussions of innovation in business management and accentuate its pivotal role in forging pathways to competitive advantage. The Structural Equation Modeling (SEM) analysis, employing the SmartPLS tool, was employed to scrutinize data gathered from 150 respondents representing Micro, Small, and Medium Enterprises (UMKM) in Indonesia across four distinct sectors: fashion, furniture, home decoration, and services. The analysis reveals a noteworthy impact of innovation on various facets of business management, encompassing strategy, organizational operations, and marketing. These findings underscore that organizations adept at integrating innovation into their management practices can cultivate sustainable competitive advantages. Furthermore, the research spotlights critical factors influencing the implementation of innovation, including leader support, organizational culture, and the ability to navigate risk. This study furnishes invaluable insights for practitioners and decision-makers by underscoring the significance of innovation in fortifying competitive positions. The practical implications of these findings suggest that MSMEs fostering a culture of innovation, backed by leadership support and adept risk management, stand poised to enhance their performance and competitiveness within the increasingly intricate and dynamic markets.

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19 penulis · 50 tautan kepenulisan bersama · 7 lintas organisasi

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  • Universitas Raharja
  • Universitas Muhammadiyah Tangerang
  • Indonesia Open University
  • Universitas Catur Insan Cendekia Cirebon
  • Universitas PGRI Palembang
  • Afiliasi tidak diketahui
  • Organisasi berbeda
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Rekan penulisOrganisasiArtikel bersama
KusnadiIndonesia Open University1
Agus KristianUniversitas Muhammadiyah Tangerang1
Agung SupriyadiUniversitas Catur Insan Cendekia Cirebon1
Rio Squire SeanAfiliasi tidak diketahui1
Abigail HusainAfiliasi tidak diketahui1
Li Wei MingAfiliasi tidak diketahui1
Daniel HernandezAfiliasi tidak diketahui1
Eirene SanaAfiliasi tidak diketahui1
Rasmus KaskAfiliasi tidak diketahui1
Nuke Puji Lestari SantosoUniversitas Raharja1
Aswadi JayaUniversitas PGRI Palembang1
Sherli TriandariUniversitas Raharja1
Fhia AmeliaUniversitas Raharja1
Ramzi Zainum IkhsanUniversitas Raharja1

Afiliasi berasal dari OpenAlex; metadata OAI-PMH jurnal tidak memuatnya. Penulis tanpa ID OpenAlex dicocokkan berdasarkan nama, sehingga dua orang bisa tergabung atau satu orang bisa terpisah.

Sumber metadata: OAI-PMH (metadata jurnal) https://ijc.ilearning.co/ATM/oai, pertama di-harvest 6 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en">Innovation in Business Management Exploring the Path to Competitive Excellence</dc:title>
	<dc:creator xml:lang="en">Delhi, Ariana</dc:creator>
	<dc:creator xml:lang="en">Sana, Eirene</dc:creator>
	<dc:creator xml:lang="en">Angelina Bisty, Alice</dc:creator>
	<dc:creator xml:lang="en">Husain, Abigail</dc:creator>
	<dc:creator xml:lang="id">Delhi, Ariana</dc:creator>
	<dc:subject xml:lang="en">Innovation</dc:subject>
	<dc:subject xml:lang="en">MSMEs</dc:subject>
	<dc:subject xml:lang="en">Business Management</dc:subject>
	<dc:subject xml:lang="en">Business Strategy</dc:subject>
	<dc:description xml:lang="en">In the realm of business management, the focal point has shifted towards innovation as a pivotal endeavor for attaining a competitive edge. This study aims to delve into the repercussions of innovation in business management and accentuate its pivotal role in forging pathways to competitive advantage. The Structural Equation Modeling (SEM) analysis, employing the SmartPLS tool, was employed to scrutinize data gathered from 150 respondents representing Micro, Small, and Medium Enterprises (UMKM) in Indonesia across four distinct sectors: fashion, furniture, home decoration, and services. The analysis reveals a noteworthy impact of innovation on various facets of business management, encompassing strategy, organizational operations, and marketing. These findings underscore that organizations adept at integrating innovation into their management practices can cultivate sustainable competitive advantages. Furthermore, the research spotlights critical factors influencing the implementation of innovation, including leader support, organizational culture, and the ability to navigate risk. This study furnishes invaluable insights for practitioners and decision-makers by underscoring the significance of innovation in fortifying competitive positions. The practical implications of these findings suggest that MSMEs fostering a culture of innovation, backed by leadership support and adept risk management, stand poised to enhance their performance and competitiveness within the increasingly intricate and dynamic markets.</dc:description>
	<dc:publisher xml:lang="en">Pandawan</dc:publisher>
	<dc:date>2024-01-17</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://ijc.ilearning.co/ATM/article/view/2204</dc:identifier>
	<dc:identifier>10.33050/atm.v8i1.2204</dc:identifier>
	<dc:source xml:lang="en">APTISI Transactions on Management (ATM); Vol. 8 No. 1 (2024): January; 58-65</dc:source>
	<dc:source xml:lang="id">APTISI Transactions on Management (ATM); Vol 8 No 1 (2024): January; 58-65</dc:source>
	<dc:source>2622-6804</dc:source>
	<dc:source>2622-6812</dc:source>
	<dc:source>10.33050/atm.v8i1</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://ijc.ilearning.co/ATM/article/view/2204/801</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2024 Ariana Delhi (Author)</dc:rights>
	<dc:rights xml:lang="en">http://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>