Enhancing Startup Business Performance Through Iterative Strategies and Lean Programs: Insights from Capital Cities in Indonesia to Unlock Central Asia’s Potential

This study investigates the influence of the startup ecosystem on startup business performance in Capital Cities (Jakarta, Bogor, Depok, Tangerang, and Bekasi), emphasizing the roles of iterative incremental strategies and lean startup programs. This study also examines the similarities between Central Asian countries like Kazakhstan, Uzbekistan, and the Indonesia region. Central Asian countries face unique challenges, including less mature ecosystems, regulatory hurdles, and cultural attitudes toward entrepreneurship. Using Partial Least Squares Structural Equation Modeling (PLS-SEM) on data from startups aged 1-10 years, the research reveals that these strategies significantly mediate the relationship between ecosystem support and startup success, enhancing market optimization, innovation, and sustainability. Startups achieve better financial and nonfinancial outcomes by effectively leveraging ecosystem structures through agile methodologies. By drawing on capital city experiences, Central Asian policymakers can improve startup environments through robust support structures, regulatory clarity, and education on agile methodologies. This research offers a model for enhancing startup business performance via ecosystem support and strategic agility, informing policy and program development in other regions.

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Publication Details

Journal
Australasian Accounting Business and Finance Journal
Published
2024-10-31
DOI
https://doi.org/10.14453/aabfj.v18i4.13
Citations
2
Primary Topic
Entrepreneurship Studies and Influences
Type
article
Field-Weighted Citation Impact
1.46
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article

Enhancing Startup Business Performance Through Iterative Strategies and Lean Programs: Insights from Capital Cities in Indonesia to Unlock Central Asia’s Potential

Dini Turipanam Alamanda, E S Soegoto, Grisna Anggadwita, Ubaidillah Zuhdi et al.
2 citations
Australasian Accounting Business and Finance Journal
Entrepreneurship Studies and Influences
1.46
article

Enhancing Startup Business Performance Through Iterative Strategies and Lean Programs: Insights from Capital Cities in Indonesia to Unlock Central Asia’s Potential

Dini Turipanam Alamanda, E S Soegoto, Grisna Anggadwita, Ubaidillah Zuhdi, Dinar Mariam Kurniati, Muhammad Fachry Fahreza
article en
2 citations

Abstract

This study investigates the influence of the startup ecosystem on startup business performance in Capital Cities (Jakarta, Bogor, Depok, Tangerang, and Bekasi), emphasizing the roles of iterative incremental strategies and lean startup programs. This study also examines the similarities between Central Asian countries like Kazakhstan, Uzbekistan, and the Indonesia region. Central Asian countries face unique challenges, including less mature ecosystems, regulatory hurdles, and cultural attitudes toward entrepreneurship. Using Partial Least Squares Structural Equation Modeling (PLS-SEM) on data from startups aged 1-10 years, the research reveals that these strategies significantly mediate the relationship between ecosystem support and startup success, enhancing market optimization, innovation, and sustainability. Startups achieve better financial and nonfinancial outcomes by effectively leveraging ecosystem structures through agile methodologies. By drawing on capital city experiences, Central Asian policymakers can improve startup environments through robust support structures, regulatory clarity, and education on agile methodologies. This research offers a model for enhancing startup business performance via ecosystem support and strategic agility, informing policy and program development in other regions.

Australasian Accounting Business and Finance JournalVol. 18(4)
Universitas Nahdlatul Ulama Indonesia (ID), Universitas Komputer Indonesia (ID), Universitas Garut (ID), Universitas Nahdlatul Ulama Surabaya (ID), Telkom University (ID)
Decent work and economic growth
Openalex Percentile: Top 14%
Entrepreneurship Studies and Influences
1.46
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