TITLE:
Role of Social Entrepreneurship in Supporting Business Opportunities and Entrepreneurship Competitiveness
AUTHORS:
P. Eko Prasetyo, Nurjannah Rahayu Kistanti
KEYWORDS:
Social Entrepreneurship, Entrepreneurial Competitiveness, Economy Regulation
JOURNAL NAME:
Open Journal of Business and Management,
Vol.8 No.4,
June
17,
2020
ABSTRACT: The negative impacts of Covid-19 pandemic are felt greater than the
positive ones. These negative impacts may make settlement of main economic
development problems in Indonesia more difficult. The purpose of this research
is to explain the important role of social entrepreneurship factor in
encouraging business opportunities which may then increase economic growth,
sustainable competitiveness and prosperity. Achieving this explanation requires
primary micro-fundamental data from home business players in DIY and Central
Java provinces. For the explanation, it employs a multiple path analysis with
correlational recursive model. The research result shows that social
entrepreneurship factor is able to enhance the opportunities higher than human
capital and new product factors. However, despite positive and significant, the
role of social entrepreneurship and business opportunities in encouraging
competitiveness is still low compared to the role of new product which may be
produced and the role of key factor, human capital. The implication of the
recommended policy is that it still requires economy regulation to encourage
the role of social entrepreneurial culture more extensively and
comprehensively.