Millennial Entrepreneurship Model in Islands: The Role of Digital Entrepreneur Ecosystem and Productive Entrepreneur in Realized Business Sustainability

Roky Apriansyah; Reniati reniati; Aimie Sulaiman; Hamsani Hamsani; Dian Junita; Dea Shafira Rakhman

doi:10.32535/ijabim.v10i3.4631

Millennial Entrepreneurship Model in Islands: The Role of Digital Entrepreneur Ecosystem and Productive Entrepreneur in Realized Business Sustainability

Roky Apriansyah, Reniati reniati, Aimie Sulaiman, Hamsani Hamsani, Dian Junita, Dea Shafira Rakhman

Abstract

This study examines how millennial entrepreneurship models are shaped by digital entrepreneurial ecosystems, productive entrepreneurship, and sustainable business orientation among MSMEs. It also explores the role of MSMEs in addressing unemployment in Indonesia and improving competitiveness in national and international markets. Using a quantitative approach, this research collected primary and secondary data from 174 millennial-owned food industry MSMEs across seven locations in the Bangka Belitung Islands. The sample was selected through purposive sampling, and the data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings show that the digital entrepreneurial ecosystem has a positive and significant effect on productive entrepreneurship, while productive entrepreneurship strongly and significantly influences millennial entrepreneurship models. The digital entrepreneurial ecosystem and productive entrepreneurship also positively affect sustainable business. In addition, sustainable business has a significant relationship with millennial entrepreneurship, confirming the importance of sustainability in strengthening business performance, resilience, and competitiveness. The research model demonstrates moderate explanatory and predictive power for sustainable business and millennial entrepreneurship. This study concludes that strengthening digital entrepreneurial ecosystems and increasing entrepreneurial productivity are key factors in developing sustainable millennial entrepreneurship in island regions. The integration of digital ecosystems, entrepreneurial productivity, and sustainability orientation can enhance the resilience and long-term viability of MSMEs. Theoretically, this research enriches entrepreneurship literature by developing a millennial entrepreneurship model based on digital ecosystems and sustainability in an archipelagic context. Methodologically, it strengthens the application of PLS-SEM in MSME studies, while practically, it provides policy insights for local governments and stakeholders in designing digital-based and sustainability-oriented MSME development strategies. Its limitation lies in its focus on MSMEs in a single archipelagic province and its cross-sectional design, which limits the ability to capture long-term entrep

Keywords

Millennial Entrepreneurship; Digital Entrepreneurship Ecosystem; Productive Entrepreneurship; Sustainable Business

Full Text:

PDF

References

Agarwal, V., Mathiyazhagan, K., Malhotra, S., & Pimpunchat, B. (2023). Building resilience for sustainability of MSMEs post COVID-19 outbreak: An Indian handicraft industry outlook. Socio-Economic Planning Sciences, 85(September 2022), 101443.https://doi.org/10.1016/j.seps.2022.101443

Al-Shaikh, M.E., & Hanaysha, J.R. (2023). A conceptual review on entrepreneurial marketing and business sustainability in small and medium enterprises. World Development Sustainability, 2(December 2022), 100039.https://doi.org/10.1016/j.wds.2022.100039

AlQershi, N., Saufi, RBA, Ismail, NA, Mohamad, MR Bin, Ramayah, T., Muhammad, NMN, & Yusoff, MNH Bin. (2023). The moderating role of market turbulence beyond the Covid-19 pandemic and Russia-Ukraine crisis on the relationship between intellectual capital and business sustainability. Technological Forecasting and Social Change, 186(PB), 122081.https://doi.org/10.1016/j.techfore.2022.122081

Asmit, B., Simatupang, TM, Rudito, B., & Novani, S. (2024). Uncovering the building blocks of rural entrepreneurship: A comprehensive framework for mapping the components of rural entrepreneurial ecosystems. Heliyon, 10(1), e24139.https://doi.org/10.1016/j.heliyon.2024.e24139

Bachmann, N., Rose, R., Maul, V., & Hölzle, K. (2024). What makes for future entrepreneurs? The role of digital competencies for entrepreneurial intention. Journal of Business Research, 174(December 2023), 114481.https://doi.org/10.1016/j.jbusres.2023.114481

Bappenas. (2022). National Strategy for Youth Entrepreneurship (pp. 1–124). PPN/BAPPENAS.

Bejjani, M., Göcke, L., & Menter, M. (2023). Digital entrepreneurial ecosystems: A systematic literature review. Technological Forecasting and Social Change, 189(January).https://doi.org/10.1016/j.techfore.2023.122372

Budiono. (2021). Developing an Entrepreneurial Spirit in the Millennial Era. Paradigma Journal, 12(1), 191–201.

Dewi, R. (2021). Entrepreneurial Interest Through Knowledge, Motivation, and Self-Efficacy Among Millennials. Media Mahardhika, 19(2), 316–327.https://doi.org/10.29062/mahardika.v19i2.256

Fatmawati, R., & Mutiah, N. (2023). DEVELOPING ENTREPRENEURIAL PRODUCTIVITY. Community Development Journal, 4(4), 7368–7372.https://doi.org/https://doi.org/10.31004/cdj.v4i4.18885

Florek-Paszkowska, A. K., & Hoyos-Vallejo, C. A. (2023). A comprehensive bibliometric analysis and future research directions in the nexus of sustainable business practices and turnover intention. Cleaner and Responsible Consumption, 11(November), 100146.https://doi.org/10.1016/j.clrc.2023.100146

Fredström, A., Peltonen, J., & Wincent, J. (2021). A country-level institutional perspective on entrepreneurship productivity: The effects of informal economy and regulation. Journal of Business Venturing, 36(5).https://doi.org/10.1016/j.jbusvent.2020.106002

Graham, B., & Bonner, K. (2024). The role of institutions in early-stage entrepreneurship: An explainable artificial intelligence approach. Journal of Business Research, 175(March 2023), 114567.https://doi.org/10.1016/j.jbusres.2024.114567

Hapsari, TP, & Salima, S. (2023). Millennial Generation Self-Efficacy and Entrepreneurial Decisions in the Creative Economy. Journal of Entrepreneurship and Business, 28(1), 30.https://doi.org/10.20961/jkb.v28i1.67405

Haris, I., & Taryono. (2020). Developing an Entrepreneurial Mindset among Indonesian Millennials: Listening to What the Experts Say. Journal of Islamic Business Management Studies, 1(1), 1–12.https://doi.org/https://doi.org/10.51875/jibms.v1i1.172

Herlina, H. (2023). How is the Digital Entrepreneurship Ecosystem Formed in Indonesia? Scientific Journal of Economics and Management Students, 8(4), 775–789.https://doi.org/https://doi.org/10.24815/jimen.v8i4.24779

Herman, E., & Szabo, Z. K. (2014). Considerations on Romania's Entrepreneurial Profile: Barriers to Productive Entrepreneurship. Procedia Economics and Finance, 15(14), 1740–1750.https://doi.org/10.1016/s2212-5671(14)00649-2

Hubeis, M. (2021). Food MSME Development Strategy Through Field Visit Activities PS Small and Medium Industry Development, IPB Postgraduate School Food MSME Development Strategy Through Field Visit Activities PS Small and Medium Industry Development, IPB Postgraduate. SME Management, 16(2), 79–86.https://doi.org/https://doi.org/10.29244/mikm.16.2.79-86

Junaidi, M. (2023). Great MSMEs, Increasing National Economy. Ministry of Finance of the Republic of Indonesia, Directorate General of Treasury. https://djpb.kemenkeu.go.id/portal/id/berita/lainnya/opini/4133-umkm-hebat,-perekonomian-nasional-meningkat.html#:~:text=Contribution of MSMEs to the Indonesian economy, data from the first semester of 2021).

Kajamaa, A., & Tuunainen, J. (2022). Dialectics of distributed leadership in an interorganizational entrepreneurship hub. Leadership, 18(6), 754–774.https://doi.org/10.1177/17427150221130823

Kumar, S., Goel, U., Joshi, P., & Johri, A. (2024). Factors influencing Information & Communication Technology (ICT) adoption among MSMEs. Journal of Open Innovation: Technology, Markets, and Complexity, 10(1).https://doi.org/10.1016/j.joitmc.2023.100205

Kurjono, K., & Yolanda, Y. (2022). Entrepreneurial Intentions Among the Millennial Generation: A Personality Perspective. Journal of Social Science Education, 32(1), 118–139.https://doi.org/10.23917/jpis.v32i1.18829

Nadlifatin, R., Persada, SF, Clarinda, M., Handiwibowo, GA, Laksitowati, RR, Prasetyo, YT, & Redi, AANP (2021). Social media-based online entrepreneurship approach on millennials: A measurement of job pursuit intention on multi-level marketing. Procedia Computer Science, 197, 110–117.https://doi.org/10.1016/j.procs.2021.12.124

Norris, S. (2023). In the eye of the stakeholder: Stakeholder perceived value in sustainable business models. Long Range Planning, 57(1), 102406.https://doi.org/10.1016/j.lrp.2023.102406

Paul, J., Alhassan, I., Binsaif, N., & Singh, P. (2023). Digital entrepreneurship research: A systematic review. Journal of Business Research, 156(November 2022), 113507.https://doi.org/10.1016/j.jbusres.2022.113507

Rukmana, AY, Priyana, Y., Rahayu, M., & Jaelani, E. (2023). The Impact of Government Policy on the Entrepreneurship Ecosystem: A Case Study of Business Incubators in Indonesia. West Science Journal of Economics and Entrepreneurship, 1(03), 216–225.https://doi.org/10.58812/jekws.v1i03.527

Saunia, S., & Hidayah, N. (2023). Family Role, Experiences Exposure, and Entrepreneurial Judgment Skills Toward Start-Up Entrepreneurs' Productivity. International Journal of Application on Economics and Business, 1(1), 539–546.https://doi.org/10.24912/v1i1.539-546

Sigchaa, E., Sucozhañayc, D., Siguenza-Guzmanb, L., & Vanegasc, P. (2024). Evaluating the social performance of Ecuadorian textile MSMEs using Social Organizational Life Cycle Assessment. Cleaner Environmental Systems, 101890.https://doi.org/10.1016/j.cesys.2024.100176

Sjioen, AE, Amaludin, Rukmana, AY, Syamsulbahri, & Wahyudi, I. (2023). Sustainable Business and Corporate Social Responsibility: A Study of Impacts and Implementation Strategies. Journal of Business and Management West Science, 2(03), 239–248.https://doi.org/10.58812/jbmws.v2i03.557

Sugiyono. (2020). Quantitative, Qualitative, and R&D Research Methods (Sutopo (ed.); 2nd Edition). ALFABETA.

Syafitri, Y., Irwandi, I., Sulaimawan, D., Astika, R., & Susianto, D. (2022). Strengthening the Capacity of Human Resources/MSMEs for the Development of the Local Food Industry in 2021 at the Food Security, Food Crops and Horticulture Service of Lampung Province. Indonesian Community Service Journal, 2(1), 183–190.https://doi.org/10.54082/jamsi.198

Teng, D., Hao, B., Sun, X., Cai, Z., & Chen, J. (2023). Entrepreneurial founder's social ties, institutions, and firm's productivity: Evidence from China's newly listed firms. Sustainable Technology and Entrepreneurship, 2(3), 100042.https://doi.org/10.1016/j.stae.2023.100042

ukmindonesia.id. (2023). MSME Data, Number and Growth of Micro, Small, and Medium Enterprises in Indonesia.

Utama, DR, Hamsal, M., Rahim, RK, & Furinto, A. (2024). The effect of digital adoption and service quality on business sustainability through strategic alliances at port terminals in Indonesia. Asian Journal of Shipping and Logistics, August.https://doi.org/10.1016/j.ajsl.2023.12.001

Venâncio, A., Picoto, W., & Pinto, I. (2023). Time-to-unicorns and digital entrepreneurial ecosystems. Technological Forecasting and Social Change, 190(January).https://doi.org/10.1016/j.techfore.2023.122425

Wen, X., Cheng, Z., & Tani, M. (2024). Rural-urban migration, financial literacy, and entrepreneurship. Journal of Business Research, September, 114302.https://doi.org/10.1016/j.jbusres.2023.114302

Xin, S., & Park, T. (2024). The roles of big businesses and institutions in entrepreneurship: A cross-country panel analysis. Journal of Innovation & Knowledge, 9(1), 100457.https://doi.org/10.1016/j.jik.2023.100457

Yanti, TA (2024). Strategy for Building a Sustainable Business: A Case Study of MW Cafe. Jurnal Masharif Al-Syariah: Journal of Islamic Economics and Banking, 9(1), 324–333.https://doi.org/https://www.doi.org/10.30651/jms.v9i1.21808

Yasin, N., Khansari, Z., & Tirmizi, K. (2021). Exploring the challenges for entrepreneurship business incubator hubs in the United Arab Emirates. International Journal of Globalization and Small Business, 12(2), 190–212.https://doi.org/10.1504/IJGSB.2021.114575

DOI: https://doi.org/10.32535/ijabim.v10i3.4631