The role of institutional potential and social entrepreneurship as the main drivers of business opportunity and competitiveness

P. Eko Prasetyo; Andryan Setyadharma; Nurjannah Rahayu Kistanti

doi:10.5267/j.uscm.2021.10.006

← Back to search

The role of institutional potential and social entrepreneurship as the main drivers of business opportunity and competitiveness

Open

P. Eko Prasetyo, Andryan Setyadharma, Nurjannah Rahayu Kistanti

2022 Uncertain Supply Chain Management Vol. 10 Issue 1 Article Cited by 10 SDG 8

Abstract

Institutional potential plays a key role in creating business opportunities. However, past studies did not emphasize on the consistency and the interaction between institutional and entrepreneurial potential-shaping factors. This research aimed to explore the role of these two aspects in spotting market gaps and encouraging competitiveness. Mixed methods were used, with basic concepts focusing on new institutional economic theory. The results showed that standardization, commercialization, technology, productivity, invention, social capital, and human capital strengthened institutional potential and social entrepreneurship. This created more ventures and encouraged competition. However, there is a need to eliminate institutional barriers to improve the efficiency and productivity of the socio-cultural-economic systems. © 2022 Growing Science Ltd. All rights reserved.

Affiliations

Department of Development Economics, Faculty of Economics, Universitas Negeri Semarang, Indonesia

View full text (DOI) →

Research at a Glance

Research at a Glance

Topics & SDG Alignment

Collaboration

Author Profile (Selected)

References Overview

Journal & Source

Metadata & Integrity