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ISSN 2063-5346
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DETERMINING THE FACTORS OF ENTREPRENEURSHIP IMPACTING FIRM PERFORMANCE: A STUDY ON THE CHEMICAL INDUSTRY IN JAKARTA

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Tia Ichwani, Tri Widyastuti, Apollo Daito, Bambang Purwoko
» doi: 10.53555/ecb/2023.12.12.254

Abstract

This research investigate the relationship between Corporate Entrepreneurship, Entrepreneurial Orientation, and Firm Performance within Jakarta's chemical industry, employing Smart PLS for quantitative analysis of data from a total sample of 142 supervisors. The study uncovers a positive and statistically significant relationship between these entrepreneurial dimensions and firm performance, demonstrated by moderate to strong path coefficients, significant t-values, p-values, and meaningful effect sizes. It highlights the strategic importance of nurturing an entrepreneurial culture within corporations, underlining innovation, proactivity, and calculated risk-taking as essential for enhancing performance in the dynamic and challenging context of Jakarta's chemical industry. The findings contribute substantially to academic literature, offering a nuanced understanding of corporate entrepreneurship's role in a specific industrial setting, and provide actionable insights for industry practitioners. The research suggests that embracing entrepreneurial capabilities and aligning operations with innovative, entrepreneurial activities could be key to reversing the trend of declining performance in Jakarta's chemical sector. While the study's findings are context-specific, they pave the way for future research in diverse industries and regions to validate these relationships. This study marks a significant advancement in the fields of corporate entrepreneurship, strategic management, and industry-specific business analysis, delivering both theoretical insight and practical strategies.

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