Business Innovation in Indonesia: A Systematic Review
DOI:
https://doi.org/10.58968/bs.v1i1.291Keywords:
Business Innovation, Indonesia, Research Map, BibliometricAbstract
This study aims to see the development of research on the topic of "Business Innovation in Indonesia" and research plans that can be carried out based on journals published on the theme. This research uses a qualitative method with a bibliometric analysis approach. The data used is secondary data with the theme "Business Innovation in Indonesia" which comes from the Scopus database with a total of 535 artike documents l journal. Then, the data is processed and analyzed using the VosViewer application with the aim of knowing the bibliometric map of research development "Business Innovation in Indonesia" in Indonesia. The results of the study found that based on bibliometric keyword mapping, there are 6 clusters that can become research paths with topics related to Empowering Creative Economies and Business Innovation in Indonesia, Sustainable Firm Performance and Business Innovation in Indonesia, Enhancing Competitive Advantage and Business Innovation in Indonesia, Optimizing Business Performance and Business Innovation in Indonesia, Digital Transformation and Business Innovation in Indonesia and Covid-19 and Business Innovation in Indonesia. Furthermore, the most used words are competitive advantage, creativity, business performance, capability, technology, entrepreneur, covid, and sustainability.
References
Adisaksana, H. (2022). The Effect of Digital Transformation, Business Innovation Models, and Creativity on MSME Performance with Competitive Advantage as Intervening Variable. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 5(2), 608-629.
Anggadwita, G., Martini, E., Hendayani, R., & Kamil, M. R. (2021, August). The role of technology and innovation capabilities in achieving business resilience of MSMEs during covid-19: an empirical study. In 2021 9th International Conference on Information and Communication Technology (ICoICT) (pp. 1-6). IEEE.
Atalay, M., Anafarta, N., & Sarvan, F. (2013). The Relationship between Innovation and Firm Performance: An Empirical Evidence from Turkish Automotive Supplier Industry. Procedia - Social and Behavioral Sciences, 75, 226-235. https://doi.org/10.1016/j.sbspro.2013.04.026
Chaniago, H. (2021). The effect of small business innovation and the role of government on the environment: Evidence from Indonesia. International Journal of Energy Economics and Policy, 11(6), 198-205. https://doi.org/10.32479/ijeep.11808
Charina, A., Kurnia, G., Mulyana, A., & Mizuno, K. (2022). Sustainable education and open innovation for small industry sustainability post covid-19 pandemic in Indonesia. Journal of Open Innovation: Technology, Market, and Complexity, 8(4), 215.
Cooper, J. R. (1998). A multidimensional approach to the adoption of innovation. Management Decision, 36(8), 493-502. https://doi.org/10.1108/00251749810232565
Cravens, D. W., Piercy, N. F., & Baldauf, A. (2009). Management framework guiding strategic thinking in rapidly changing markets. Journal of Marketing Management, 25(1-2), 31-49. https://doi.org/10.1362/026725709X410025
Danarahmanto, P. A., Primiana, I., Azis, Y., & Kaltum, U. (2020). The sustainable performance of the digital start-up company based on customer participation, innovation, and business model. Business: Theory and Practice, 21(1), 115-124.
Fontana, A. (2009). Innovate we can: innovation management and value creation. Gramedia.
Ganawati, N., Soraya, D., & Yogiarta, I. M. (2021). The Role of Intellectual Capital, Organizational Learning and Digital Transformation on the Performance of SMEs in Denpasar, Bali-Indonesia. International Journal of Science and Management Studies (IJSMS), June, 235-246.
Hadiyati, E. (2011). Creativity and Innovation Affect Small Business Entrepreneurship. Journal of Management and Entrepreneurship, 13(1). https://doi.org/10.9744/jmk.13.1.8-16
Hagedoorn, J. (1996). Innovation and entrepreneurship: Schumpeter revisited. Industrial and Corporate Change, 883-896.
Hamdani, J., & Wirawan, C. (2012). Open innovation implementation to sustain Indonesian SMEs. Procedia Economics and Finance, 4, 223-233.
Hendayana, Y., Ahman, E., & Mulyadi, H. (2019, October). The effect of innovation on business competitiveness of small and medium enterprises in Indonesia. In 2019 International Conference on Organizational Innovation (ICOI 2019) (pp. 116-120). Atlantis Press.
Herlinawati, E., & Machmud, A. (2020). The effect of innovation on increasing business performance of SMEs in Indonesia. WSEAS Transactions on Business and Economics, 17, 51-57. https://doi.org/10.37394/23207.2020.17.7
Hidayat, A. R., & Asmara, A. Y. (2017, June). Creative industry in supporting economic growth in Indonesia: Perspective of regional innovation system. In IOP Conference Series: Earth and Environmental Science (Vol. 70, No. 1, p. 012031). IOP Publishing.
Hidayat, A., & Hendrix, T. (2018). Competitive Advantage Strategy Creation Through Innovation, Entreprenuership and Market Orientation: Empirical studies on Small and Medium Entreprises (SMEs) in Indonesia. BUSINESS, ECONOMICS AND FINANCE August 23-24, 2017, 24.
Hidayati, R., & Rachman, N. M. (2021). Indonesian Government Policy and SMEs business strategy during the Covid-19 pandemic. Niagawan, 10(1), 1-9.
Husnaini, W., & Tjahjadi, B. (2021). Quality management, green innovation and firm value: Evidence from Indonesia. International Journal of Energy Economics and Policy, 11(1), 255-262.
Ismanu, S., & Kusmintarti, A. (2019). Innovation and firm performance of small and medium enterprises. Review of Integrative Business and Economics Research, 8, 312.
Izza, N. N., & Rusydiana, A. S. (2022). What Scopus Metadata Says About 32 Years of Islamic Accounting. Annual International Conference on Islamic Economics and Business (AICIEB), 2(1), 323-338.
Julison, B., Wardani, S. P. R., & Wibowo, M. A. (2017). Innovation performance of large contractors in Indonesia: Influencing factors and its impact on firm's performance. Procedia Engineering, 171, 370-378.
Larsen, P., & Lewis, A. (2007). How award-winning SMEs manage the barriers to innovation. Creativity and Innovation Management, 16(2), 142-151. https://doi.org/10.1111/j.1467-8691.2007.00428.x
Lee, J. (2004). Discriminant Analysis of Technology Adoption Behavior: A Case of Internet Technologies in Small Businesses. Journal of Computer Information Systems, 44(4), 57-66. https://doi.org/10.1080/08874417.2004.11647596
Lestari, S. D., Leon, F. M., Widyastuti, S., Brabo, N. A., & Putra, A. H. P. K. (2020). Antecedents and consequences of innovation and business strategy on performance and competitive advantage of SMEs. The Journal of Asian Finance, Economics and Business, 7(6), 365-378.
Maksum, I. R., Rahayu, A. Y. S., & Kusumawardhani, D. (2020). A social enterprise approach to empowering micro, small and medium enterprises (SMEs) in Indonesia. Journal of Open Innovation: Technology, Market, and Complexity, 6(3), 50.
Maulida, S., & Ali, M. M. (2023). Pesantren in Indonesia and Sustainable Development Issues. 2(1).
Maulida, S., & Rusydiana, A. S. (2023). Mapping the Literature on Ibn Khaldun's Contribution to Economics. 2(1). https://doi.org/https://doi.org/10.58968/ieh.v2i1.264
Menne, F., Surya, B., Yusuf, M., Suriani, S., Ruslan, M., & Iskandar, I. (2022). Optimizing the financial performance of smes based on sharia economy: Perspective of economic business sustainability and open innovation. Journal of Open Innovation: Technology, Market, and Complexity, 8(1), 18.
Meutia, M. (2013). Improving Competitive Advantage and Business Performance Through the Development of Business Network, Adaptability of Business Environment and Innovation Creativity: an Empirical Study of Batik Small and Medium Enterprises (SMEs) in Pekalongan, Central Ja. Aceh International Journal of Social Sciences, 2(1), 26304.
Mohammad, Y., Cemda, A. R., & Siregar, S. (2022). Empowering regional development with quadruple helix creative industry model. J. Urban Dev. Manag, 1(1), 17-25.
Mujanah, S., Ardiana, I. D. K. R., Nugroho, R., Candraningrat, C., Fianto, A., & Arif, D. (2022). Critical thinking and creativity of MSMEs in improving business performance during the covid-19 pandemic. Uncertain Supply Chain Management, 10(1), 19-28.
Novani, S., Cyntiawati, C., Kijima, K., Trianto, A. S., Mayangsari, L., Alamanda, D. T., & Anggadwita, G. (2023). Empowering digital creative ecosystem using problem structuring method and a service science perspective: A case study in Cimahi and Bandung, Indonesia. Asia Pacific Management Review, 28(2), 215-228.
Novitasari, M., & Agustia, D. (2021). Green supply chain management and firm performance: The mediating effect of green innovation. Journal of Industrial Engineering and Management, 14(2), 391-403.
Nuryakin (2018). Competitive advantage and product innovation: Key success of Batik SMEs marketing performance in Indonesia. Academy of Strategic Management Journal, 17(2).
Prabowo, H., Sriwidadi, T., & Ikhsan, R. B. (2021). The influence of dynamic capability on sustainable competitive advantage: An empirical study of small businesses in Indonesia. The Journal of Asian Finance, Economics and Business, 8(6), 949-959.
Price, D. P., Stoica, M., & Boncella, R. J. (2013). The relationship between innovation, knowledge, and performance in family and non-family firms: an analysis of SMEs. Journal of Innovation and Entrepreneurship, 2(1), 14. https://doi.org/10.1186/2192-5372-2-14
Purnomo, D. S., Suryana, Y. S., & Sari, D. (2018). The effect of business partnership and innovation management to business performance of business units of multiplay providers in Indonesia. Academy of Strategic Management Journal, 17(2), 1-12.
Putra, I. A., Rofiaty, R., & Djumahir, D. (2020). Investigating the influence of entrepreneurial orientation and transformational leadership on organizational performance with the mediation of innovation: evidences from a state-owned electricity company in Indonesia. International Journal of Innovation Management, 24(07), 2050085.
Putri, D. A., & Soewarno, N. (2020). Firm performance in environmentally-friendly firms in Indonesia: The effects of green innovation. International Journal of Innovation, Creativity and Change, 13(4), 464-481.
Ratna, W. D. P., Rizal, N., Riza, B. S., Fauziyah, F., & Dimyati, M. (2021). Empowering community through creative economy as a disaster risk reduction strategy in Indonesia. In E3S Web of Conferences (Vol. 331, p. 04015). EDP Sciences.
Riyadi, S., & Sumardi, S. (2017). The Impact of Innovation Strategy Toward Business Competitiveness of Manufacturing Industry in Surabaya, Indonesia. Hasanuddin Economics and Business Review, 1(1), 83. https://doi.org/10.26487/hebr.v1i1.1159
Rogers, E. M. (1995). Diffusion of Innovations: Modifications of a Model for Telecommunications. In Die Diffusion von Innovationen in der Telekommunikation (pp. 25-38). https://doi.org/10.1007/978-3-642-79868-9_2
Rosenbusch, N., Brinckmann, J., & Bausch, A. (2011). Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in SMEs. Journal of Business Venturing, 26(4), 441-457. https://doi.org/10.1016/j.jbusvent.2009.12.002
Rosli, M. M., & Sidek, S. (2013). The Impact of Innovation on the Performance of Small and Medium Manufacturing Enterprises: Evidence from Malaysia. Journal of Innovation Management in Small & Medium Enterprise, 2013, 1-16. https://doi.org/10.5171/2013.885666
Rumanti, A. A., Rizana, A. F., Septiningrum, L., Reynaldo, R., & Isnaini, M. M. R. (2022). Innovation capability and open innovation for small and medium enterprises (SMEs) performance: Response in dealing with the COVID-19 pandemic. Sustainability, 14(10), 5874.
Rusydiana, A. S. (2021). Bibliometric analysis of journals, authors, and topics related to COVID-19 and Islamic finance listed in the Dimensions database by Biblioshiny. Science Editing, 8(1), 72-78. https://doi.org/10.6087/kcse.232
Rusydiana, A. S., Rahardjo, S., & Soeparno, W. S. I. (2021). Mapping Research on Halal Logistics using VoSviewer. Library Philosophy and Practice, 2021(July), 1-14.
Srisusilawati, P., Rusydiana, A. S., Sanrego, Y. D., & Tubastuvi, N. (2021). Biblioshiny R Application on Islamic Microfinance Research. Library Philosophy and Practice, 2021 (April).
Sulistyo, H., & Ayuni, S. (2020). Competitive advantages of SMEs: The roles of innovation capability, entrepreneurial orientation, and social capital. Contaduría y administración, 65(1).
Suryana. (2013). Entrepreneurship: tips and processes for success (4th editio). Salemba Empat.
Susanto, F., Handaru, A. W., & Pahala, I. (2022). Company performance optimization strategy and competitive advantage on remanufacturing products through quality, innovation, and supply chain management. The International Journal of Social Sciences World (TIJOSSW), 4(1), 409-423.
Syah, F., & Noviaristanti, S. (2022). Analysis of the effect of digital transformation strategy on business sustainability of micro, small, and medium enterprises (MSMEs) in Indonesia. In Acceleration of Digital Innovation & Technology towards Society 5.0 (pp. 253-258). Routledge.
Uula, M. M., Maulida, S., & Avedta, S. (2022). Meta Analysis on Acceptance of Financial Technology in Islamic Perspective. Indonesian Islamic Economics, 4(1). https://doi.org/10.58968/eii.v4i1.81
Wibisono, H., Arkeman, Y., Djohar, S., & Maulida, M. (2023). Sustainable Development as a Strategy for Enhancing Competitiveness in Tourism Business in Indonesia. International Journal of Social Science and Human Research, 6(08).
Widya-Hasuti, A., Mardani, A., Streimikiene, D., Sharifara, A., & Cavallaro, F. (2018). The role of process innovation between firm-specific capabilities and sustainable innovation in SMEs: Empirical evidence from Indonesia. Sustainability, 10(7), 2244.