Innovation in Entrepreneurship and Its Role in Promoting Sustainable Economic Growth

This research explores the role of entrepreneurial innovation in supporting sustainable economic growth by using a questionnaire that has been tested for validity and reliability. The validity test results show that all 16 items have a correlation coefficient above 0.60, while the reliability test using Cronbach's Alpha yields a value of 0.9, indicating high consistency of the research instrument. Descriptive statistical analysis from 25 respondents shows a positive view towards innovation, with average responses ranging from 3.2 to 4.5 and a median of 4.0. This research also compares the results with three previous studies: by Fajri (2021), Bhegawati et al. (2022), and Santhi & Affandi (2020), which assert that entrepreneurial innovation not only contributes to improving the financial performance of SMEs but also serves as a driving force for economic growth through job creation and productivity enhancement. These findings highlight the importance of innovation in creating a sustainable and mutually beneficial entrepreneurial ecosystem. Therefore, focusing on innovation in entrepreneurship is essential to achieve sustainable economic growth, demonstrating a close relationship between innovation and its positive impact on the economy as a whole. This study provides important insights for SMEs and policymakers in developing strategies that support innovation for better economic growth.

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Publication Details

Journal
Journal of Comprehensive Science (JCS)
Published
2024-12-27
DOI
https://doi.org/10.59188/jcs.v3i12.2931
Citations
1
Primary Topic
Entrepreneurship Studies and Influences
Type
article
Field-Weighted Citation Impact
0.73
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article

Innovation in Entrepreneurship and Its Role in Promoting Sustainable Economic Growth

Rita Sugiarti, Elmiwati Elmiwati
1 citations
Journal of Comprehensive Science (JCS)
Entrepreneurship Studies and Influences
0.73
article

Innovation in Entrepreneurship and Its Role in Promoting Sustainable Economic Growth

Rita Sugiarti, Elmiwati Elmiwati
article en
1 citations

Abstract

This research explores the role of entrepreneurial innovation in supporting sustainable economic growth by using a questionnaire that has been tested for validity and reliability. The validity test results show that all 16 items have a correlation coefficient above 0.60, while the reliability test using Cronbach's Alpha yields a value of 0.9, indicating high consistency of the research instrument. Descriptive statistical analysis from 25 respondents shows a positive view towards innovation, with average responses ranging from 3.2 to 4.5 and a median of 4.0. This research also compares the results with three previous studies: by Fajri (2021), Bhegawati et al. (2022), and Santhi & Affandi (2020), which assert that entrepreneurial innovation not only contributes to improving the financial performance of SMEs but also serves as a driving force for economic growth through job creation and productivity enhancement. These findings highlight the importance of innovation in creating a sustainable and mutually beneficial entrepreneurial ecosystem. Therefore, focusing on innovation in entrepreneurship is essential to achieve sustainable economic growth, demonstrating a close relationship between innovation and its positive impact on the economy as a whole. This study provides important insights for SMEs and policymakers in developing strategies that support innovation for better economic growth.

Journal of Comprehensive Science (JCS)Vol. 3(12)
Universitas Borobudur (ID)
Decent work and economic growth
Openalex Percentile: Top 20%
Entrepreneurship Studies and Influences
0.73
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Innovation in Entrepreneurship and Its Role in Promoting Sustainable Economic Growth — Rita Sugiarti, Elmiwati Elmiwati · Journal of Comprehensive Science (JCS) (2024) | TGRS Research Map | TGRS