Practiced Culture Toward Firm Competitiveness Performance: Evidence from Indonesia

Utomo, Prio and Budiastuti, Dyah (2019) Practiced Culture Toward Firm Competitiveness Performance: Evidence from Indonesia. Pertanika Journals : Social Sciences & Humanities, 27. ISSN 0128-7702

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Abstract

Company values and beliefs are the grounds on which a company can develop their strategy, build their structure, and establish their processes. These values and beliefs manifest in their business practices and become critical aspects for the company to attain their goals. INTRODUCTION The high penetration and high growth of startup-companies in Indonesia has recently been gaining attention. There are over 2,000 start-up companies in Indonesia currently, which makes Indonesia in the top five startup company countries worldwide (Google & Temasek, 2015; Tech in Asia, 2017). Every day there is a new business created In small and medium entrepreneurial business, culture becomes a vital role that drives their success in limited capacity and resources. We estimated our model using the partial least squares method and gathered data from 137 digital entrepreneurial firms within six months using both offline and online methods, using the Hofstede Multi Focus Model as a framework to attribute the practice-culture. The results show that there are three dominant practices reflected in start-ups that have a significant relationship with organizational competitiveness and performance: results-oriented, pragmatic approach to the customer, and professionalism. This study contributes to a more comprehensive understanding of entrepreneurial firm practices from the human resources and organizational perspectives

Item Type: Article
Subjects: 600 Technology (Applied Sciences) > 650 Management and Public Relations > 658 General management (Risk Management, Profit and Loss, Logistics)
Divisions: Faculty of Business > Master of Technology Management
Depositing User: mr admin umn
Date Deposited: 14 Dec 2021 06:52
Last Modified: 14 Dec 2021 06:52
URI: https://kc.umn.ac.id/id/eprint/19629

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