Exploration of Technological Challenges and Public Economic Trends Phenomenon in the Sustainable Performance of Indonesian Digital MSMEs on Industrial Era 4.0

Digital Transformation creates new potential for MSMEs in developing businesses, especially with Indonesia's business climate as ASEAN's largest digital economy country. However, the challenges of digital adoption, especially infrastructure and trends in public economics, need further stud...

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Main Authors: MUHAMMAD ALFARIZI A, 041411131016, Tika Widiastuti, -
Format: Article PeerReviewed
Language:English
English
English
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Published: World Scientific 2023
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Online Access:https://repository.unair.ac.id/124280/1/Exploration%20of%20Technological%20Challenges%20and%20Public%20Economic%20Trends%20Phenomenon%20in%20the%20Sustainable%20Performance%20of%20Indonesian%20Digital%20MSMEs%20on%20Industrial%20Era%204.0.pdf
https://repository.unair.ac.id/124280/4/Turnitin%20Exploration%20of%20Technological%20Challenges%20and%20Public%20Economic%20Trends%20Phenomenon%20in%20the%20Sustainable%20Performance%20of%20Indonesian%20Digital%20MSMEs%20on%20Industrial%20Era%204.0%20%281%29.pdf
https://repository.unair.ac.id/124280/9/Surat%20Tugas%20Menguji.pdf
https://repository.unair.ac.id/124280/12/Tika%20W_Form%20Karil%20dan%20Validasi_1.14%20Exploration.pdf
https://repository.unair.ac.id/124280/
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spelling id-langga.1242802023-06-12T06:00:20Z https://repository.unair.ac.id/124280/ Exploration of Technological Challenges and Public Economic Trends Phenomenon in the Sustainable Performance of Indonesian Digital MSMEs on Industrial Era 4.0 MUHAMMAD ALFARIZI A, 041411131016 Tika Widiastuti, - HG Finance Digital Transformation creates new potential for MSMEs in developing businesses, especially with Indonesia's business climate as ASEAN's largest digital economy country. However, the challenges of digital adoption, especially infrastructure and trends in public economics, need further study, for exploring deeper and more complex factors of small business sustainability from big technical dimensions of technology and business management. Empirical research was conducted to explore empirically the factors of implementing Industrial Advancement Technology 4.0 and Community Economic Trends from External Perspective of Indonesian MSMEs in building sustainable digital business performance. The questionnaires were distributed to 231 respondents who met requirements of Indonesian MSME owners obtained from online survey using purposive sampling technique. This study shows support for all hypotheses proposed as exploration of the supporting factors for sustainable digital business performance. Digital SME mindset needs to be developed by making small businesses on global scale. Integration Big Data and IoT in MSME business resolve all business problems and build innovative business culture, empowering MSME employees to use technology. The internal challenges of business units can be overcome by strategic e®orts and utilizing external roles in building sustainable MSME digital business. Collaboration with Quintuple Helix actors can be an option to further build a sustainable digital business. World Scientific 2023 Article PeerReviewed text en https://repository.unair.ac.id/124280/1/Exploration%20of%20Technological%20Challenges%20and%20Public%20Economic%20Trends%20Phenomenon%20in%20the%20Sustainable%20Performance%20of%20Indonesian%20Digital%20MSMEs%20on%20Industrial%20Era%204.0.pdf text en https://repository.unair.ac.id/124280/4/Turnitin%20Exploration%20of%20Technological%20Challenges%20and%20Public%20Economic%20Trends%20Phenomenon%20in%20the%20Sustainable%20Performance%20of%20Indonesian%20Digital%20MSMEs%20on%20Industrial%20Era%204.0%20%281%29.pdf text en https://repository.unair.ac.id/124280/9/Surat%20Tugas%20Menguji.pdf text en https://repository.unair.ac.id/124280/12/Tika%20W_Form%20Karil%20dan%20Validasi_1.14%20Exploration.pdf MUHAMMAD ALFARIZI A, 041411131016 and Tika Widiastuti, - (2023) Exploration of Technological Challenges and Public Economic Trends Phenomenon in the Sustainable Performance of Indonesian Digital MSMEs on Industrial Era 4.0. Journal of Industrial Integration and Management. ISSN 2424-8622
institution Universitas Airlangga
building Universitas Airlangga Library
continent Asia
country Indonesia
Indonesia
content_provider Universitas Airlangga Library
collection UNAIR Repository
language English
English
English
English
topic HG Finance
spellingShingle HG Finance
MUHAMMAD ALFARIZI A, 041411131016
Tika Widiastuti, -
Exploration of Technological Challenges and Public Economic Trends Phenomenon in the Sustainable Performance of Indonesian Digital MSMEs on Industrial Era 4.0
description Digital Transformation creates new potential for MSMEs in developing businesses, especially with Indonesia's business climate as ASEAN's largest digital economy country. However, the challenges of digital adoption, especially infrastructure and trends in public economics, need further study, for exploring deeper and more complex factors of small business sustainability from big technical dimensions of technology and business management. Empirical research was conducted to explore empirically the factors of implementing Industrial Advancement Technology 4.0 and Community Economic Trends from External Perspective of Indonesian MSMEs in building sustainable digital business performance. The questionnaires were distributed to 231 respondents who met requirements of Indonesian MSME owners obtained from online survey using purposive sampling technique. This study shows support for all hypotheses proposed as exploration of the supporting factors for sustainable digital business performance. Digital SME mindset needs to be developed by making small businesses on global scale. Integration Big Data and IoT in MSME business resolve all business problems and build innovative business culture, empowering MSME employees to use technology. The internal challenges of business units can be overcome by strategic e®orts and utilizing external roles in building sustainable MSME digital business. Collaboration with Quintuple Helix actors can be an option to further build a sustainable digital business.
format Article
PeerReviewed
author MUHAMMAD ALFARIZI A, 041411131016
Tika Widiastuti, -
author_facet MUHAMMAD ALFARIZI A, 041411131016
Tika Widiastuti, -
author_sort MUHAMMAD ALFARIZI A, 041411131016
title Exploration of Technological Challenges and Public Economic Trends Phenomenon in the Sustainable Performance of Indonesian Digital MSMEs on Industrial Era 4.0
title_short Exploration of Technological Challenges and Public Economic Trends Phenomenon in the Sustainable Performance of Indonesian Digital MSMEs on Industrial Era 4.0
title_full Exploration of Technological Challenges and Public Economic Trends Phenomenon in the Sustainable Performance of Indonesian Digital MSMEs on Industrial Era 4.0
title_fullStr Exploration of Technological Challenges and Public Economic Trends Phenomenon in the Sustainable Performance of Indonesian Digital MSMEs on Industrial Era 4.0
title_full_unstemmed Exploration of Technological Challenges and Public Economic Trends Phenomenon in the Sustainable Performance of Indonesian Digital MSMEs on Industrial Era 4.0
title_sort exploration of technological challenges and public economic trends phenomenon in the sustainable performance of indonesian digital msmes on industrial era 4.0
publisher World Scientific
publishDate 2023
url https://repository.unair.ac.id/124280/1/Exploration%20of%20Technological%20Challenges%20and%20Public%20Economic%20Trends%20Phenomenon%20in%20the%20Sustainable%20Performance%20of%20Indonesian%20Digital%20MSMEs%20on%20Industrial%20Era%204.0.pdf
https://repository.unair.ac.id/124280/4/Turnitin%20Exploration%20of%20Technological%20Challenges%20and%20Public%20Economic%20Trends%20Phenomenon%20in%20the%20Sustainable%20Performance%20of%20Indonesian%20Digital%20MSMEs%20on%20Industrial%20Era%204.0%20%281%29.pdf
https://repository.unair.ac.id/124280/9/Surat%20Tugas%20Menguji.pdf
https://repository.unair.ac.id/124280/12/Tika%20W_Form%20Karil%20dan%20Validasi_1.14%20Exploration.pdf
https://repository.unair.ac.id/124280/
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