THE INNOVATION DEVELOPMENT OF COMPETITIVENESS AMONG VILLAGEOWNED ENTERPRISES AGENCY (VOEA) IN THE PROVINCE OF WEST JAVA, INDONESIA

International journal of business management and economic review Pub Date : 2023-01-01 DOI:10.35409/ijbmer.2023.3522

Ahmad Hermanto, Bambang Purwoko, Sri Widyastuti, Widharto Rachbini

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Abstract

The objective of this study is to examine the level of competitiveness exhibited by the Village Owned Enterprise Agency (VOEA) in the province of West Java, located in Indonesia. The current state of affairs is hindered by the intricate nature of the issues at hand and the deficiencies of the VOEA that are presently underway. In West Java, for instance, a significant portion of the 2,921-unit VOEA, specifically 85%, are inoperative. Similarly, in Indonesia as a whole, out of the total 45,549-unit VOEAs established, only 30% remain functional due to their inability to effectively compete. Hence, the purpose of this study is to construct a model for enhancing the competitive innovation of the Village Owned Enterprise Agency (VOEA) in the province of West Java, as well as in Indonesia as a whole. The results of this study demonstrate that equity crowdfunding serves as a potent mechanism for promoting alternative financing and facilitating new avenues of financial access for VOEA. Moreover, it acts as a catalyst for entrepreneurship and innovation, fostering sustained competitiveness in the execution of VOEA business operations in the region of West Java, Indonesia.

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西爪哇省乡镇企业代理机构竞争力的创新发展

本研究的目的是考察位于印度尼西亚西爪哇省的村拥有企业机构(VOEA)所表现出的竞争力水平。目前的事态由于手头问题的复杂性和目前正在进行的VOEA的缺陷而受到阻碍。例如，在西爪哇，2921台VOEA中的很大一部分，特别是85%，是无效的。同样，在整个印度尼西亚，在已建立的45,549个单位的voea中，由于无法有效竞争，只有30%的voea仍在运作。因此，本研究的目的是构建一个模型，以提高西爪哇省乃至整个印度尼西亚的村属企业机构(VOEA)的竞争创新。本研究的结果表明，股权众筹是促进替代融资和促进VOEA融资新途径的有力机制。此外，它还促进了企业家精神和创新，促进了印度尼西亚西爪哇地区执行VOEA业务业务的持续竞争力。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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International journal of business management and economic review

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