This work is licensed under a Creative Commons Attribution 4.0 International License.
Developing Digipreneurship Ecosystem in Local Communities to Enhance Digital Innovation
Corresponding Author(s) : Muhammad Ghifari Ilham
Startupreneur Business Digital (SABDA Journal),
Vol. 4 No. 1 (2025): Startupreneur Business Digital (SABDA)
Abstract
Strategic financial management is an important component in achieving sus- tainable business growth through optimal resource allocation. This research discusses a strategic framework that integrates financial planning, investment decision making, and risk management to achieve short term and long term goals. Effective financial planning ensures resource allocation is aligned with the company vision, while strategic investment decisions support the optimization of returns. In addition, integrated risk management helps companies mitigate the impact of market uncertainty. In facing an increasingly dynamic business environment, the importance of synchronization between financial strategy and business goals becomes increasingly apparent. Modern technologies, such as data analytics and artificial intelligence, act as catalysts in empowering data based decision making. With an analytical approach supported by case studies from various industrial sectors, this research identifies that companies that adopt a strategic approach to financial management are able to increase operational efficiency, reduce financial risk, and drive consistent business growth. The research also show that financial technology integration provides a competitive advantage, allowing companies to navigate market changes more effectively. This article offers practical insights for financial managers to develop strategies that not only focus on financial stability, but also capitalize on existing growth opportunities. Thus, this research contributes to the literature on strategic financial management and provides applicable guidance for companies to achieve a balance between operational efficiency and long-term business expansion.
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- H. Danial, R. Talib, R. T. Dako, and U. Pakaya, “Digipreneur 101: Regenerative tourism and bilingual promotion for local community empowerment in gorontalo,” Jurnal Pengabdian Masyarakat: Pember- dayaan, Inovasi dan Perubahan, vol. 4, no. 6, 2024.
- A. Awa et al., “Explore the importance of creativity and innovation in micro, small and medium enter- prises (msmes),” Jurnal Visionida, vol. 9, no. 2, pp. 199–217, 2023.
- R. Fadillah, A. Yulastri, H. Hidayat et al., “Development of mobile learning based on digital entrepreneurs using raspberry pi on tvet.” International Journal on Advanced Science, Engineering & Information Tech- nology, vol. 13, no. 6, 2023.
- P. Servais and J. Aidemark, “Entrepreneurial learning through international business model innovation: an example from a south baltic interreg project,” in International Symposium on Digital Transformation, 2023.
- M. M. B¨uhler, I. Calzada, I. Cane, T. Jelinek, A. Kapoor, M. Mannan, S. Mehta, V. Mookerje, K. N¨ubel, A. Pentland et al., “Unlocking the power of digital commons: Data cooperatives as a pathway for data sovereign, innovative and equitable digital communities,” Digital, vol. 3, no. 3, pp. 146–171, 2023.
- F. Afif, D. N. N. Nabila, and R. M. Rohmah, “Digipreneurship as an effort to strengthen the digitalization of the islamic economy in indonesia,” Maliki Islamic Economics Journal, vol. 3, no. 2, pp. 72–87, 2023.
- C. Kreiterling, “Digital innovation and entrepreneurship: a review of challenges in competitive markets,” Journal of Innovation and Entrepreneurship, vol. 12, no. 1, p. 49, 2023.
- J. Aarthy, S. Krishnakanth, N. A. Keshov, and S. Sowmya, “Digipreneurship-the role of digital en- trepreneurship in shaping tomorrow’s business landscape.”
- B. Rianto, A. K. Ganefri, H. Hidayat et al., “Needs for implementing a production-based problem learn- ing model on technopreneurship courses to improve the quality of engineering education for graduates,” Journal of Hunan University Natural Sciences, vol. 51, no. 4, 2024. [10] H. Amin, “Resilience and adaptation: The economy of pesantren amidst capitalism,” Raudhah Proud To Be Professionals: Jurnal Tarbiyah Islamiyah, vol. 9, no. 1, pp. 196–205, 2024.
- J. Awad and R. Mart´ın-Rojas, “Enhancing social responsibility and resilience through entrepreneurship and digital environment,” Corporate Social Responsibility and Environmental Management, vol. 31, no. 3, pp. 1688–1704, 2024.
- D. R. Kurniawan, Y. Purnama, Y. Riady, H. K. A. Zaakiyyah et al., “Technology integration in educational management: Its impact on community participation,” Jurnal Terobosan Peduli Masyarakat (TIRAKAT), vol. 1, no. 1, pp. 10–20, 2024.
- S. Nurbayanti, Z. G. Iqlima, M. F. Fauzi, and T. Lestari, “Opportunities promoting social inclusion in elementary school learning context: study of merdeka curriculum the indonesian policies on gedsi (gen- der, disability, and social inclusion) framework,” Humanika: Kajian Ilmiah Mata Kuliah Umum, vol. 24, no. 2, 2024.
- S. N. Mamat, A. Shamsudin, N. F. Mohd, A. Sani, and A. Saidin, “Undergraduate students’ outlook on their digital entrepreneurship readiness, attitude and motivation.”
- I. Rozeqqi and M. Ulfah, “Internalization of digital entrepreneurship education in the e-tafaqquh program at the darul ulum foundation kubu raya,” Innovative: Journal Of Social Science Research, vol. 3, no. 6, pp. 7121–7130, 2023.
- I. I. Hidayat, S. Nurhayati, and G. Boriboon, “Vocational high school community service as innovative community empowerment program: A case study of garut vocational high school,” Jurnal Paedagogy, vol. 11, no. 1, pp. 48–60, 2024.
- R. Rismansyah, Y. Dessy, M. Najib, A. Mahendra, M. Mursalin, E. Ardius, and Z. Hakim, “The medi- ating role of online marketing information systems products, technology, business managers, and digital entrepreneurship on change management,” Technology, Business Managers, and Digital Entrepreneurship on Change Management.
- K. Kalogis, “Analysis of the role innovation, creativity and technology transformation on business sus- tainability in east europe,” Journal of Current Research in Business and Economics, vol. 3, no. 1, pp. 138–179, 2024.
- F. Fahrial, D. Tjahjan, I. Oktaria, K. N. Salam, S. E. Putro, V. S. Adoe, V. Verawaty, W. S. Andriasari, and Y. Yudiansyah, “Entrepreneurship 5.0 customizing your digital opportunities,” 2022.
- R. Purbasari, E. Munajat, and F. Fauzan, “Digital innovation ecosystem on digital entrepreneur: Social network analysis approach,” International Journal of E-Entrepreneurship and Innovation (IJEEI), vol. 13, no. 1, pp. 1–21, 2023.
- S. Wolfert, C. Verdouw, L. van Wassenaer, W. Dolfsma, and L. Klerkx, “Digital innovation ecosystems in agri-food: design principles and organizational framework,” Agricultural Systems, vol. 204, p. 103558, 2023.
- L. Liang and Y. Li, “How does government support promote digital economy development in china? the mediating role of regional innovation ecosystem resilience,” Technological Forecasting and Social Change, vol. 188, p. 122328, 2023.
- F. Santarsiero, G. Schiuma, D. Carlucci, and N. Helander, “Digital transformation in healthcare organisa- tions: The role of innovation labs,” Technovation, vol. 122, p. 102640, 2023.
- I. O. Pappas, P. Mikalef, Y. K. Dwivedi, L. Jaccheri, and J. Krogstie, “Responsible digital transformation for a sustainable society,” Information Systems Frontiers, vol. 25, no. 3, pp. 945–953, 2023.
- R. A. Zhanbayev, M. Irfan, A. V. Shutaleva, D. G. Maksimov, R. Abdykadyrkyzy, and S¸ . Filiz, “Demoeth- ical model of sustainable development of society: A roadmap towards digital transformation,” Sustain- ability, vol. 15, no. 16, p. 12478, 2023.
- V. Meilinda, S. A. Anjani, and M. Ridwan, “A platform based business revolution activates indonesia’s digital economy,” Startupreneur Business Digital (SABDA Journal), vol. 2, no. 2, pp. 155–174, 2023.
- D. Yanti, D. Y. Heryadi, P. A. Cakranegara, M. Kadyrov et al., “Developing rural communication through digital innovation for village tourism,” Jurnal Studi Komunikasi, vol. 7, no. 3, pp. 696–712, 2023.
- M. Frag˜ao-Marques and T. Ozben, “Digital transformation and sustainability in healthcare and clinical laboratories,” Clinical Chemistry and Laboratory Medicine (CCLM), vol. 61, no. 4, pp. 627–633, 2023.
- A. Kwilinski, O. Lyulyov, and T. Pimonenko, “Unlocking sustainable value through digital transforma- tion: An examination of esg performance,” Information, vol. 14, no. 8, p. 444, 2023.
- F. Kitsios and M. Kamariotou, “Digital innovation and entrepreneurship transformation through open data hackathons: Design strategies for successful start-up settings,” International Journal of Information Management, vol. 69, p. 102472, 2023.
- H. E. Adama, O. A. Popoola, C. D. Okeke, and A. E. Akinoso, “Economic theory and practical impacts of digital transformation in supply chain optimization,” International Journal of Advanced Economics, vol. 6, no. 4, pp. 95–107, 2024.
- N. Septiani, A. S. Bist, C. S. Bangun, and E. Dolan, “Digital business student development for en- trepreneurs with software,” Startupreneur Business Digital (SABDA Journal), vol. 1, no. 1, pp. 34–44, 2022.
- L. Guan, W. Li, C. Guo, and J. Huang, “Environmental strategy for sustainable development: Role of digital transformation in china’s natural resource exploitation,” Resources Policy, vol. 87, p. 104304, 2023.
- S. Heshmatisafa and M. Sepp¨anen, “Exploring api-driven business models: Lessons learned from amadeus’s digital transformation,” Digital Business, vol. 3, no. 1, p. 100055, 2023.
- X. Ren, G. Zeng, and X. Sun, “The peer effect of digital transformation and corporate environmental performance: empirical evidence from listed companies in china,” Economic Modelling, vol. 128, p. 106515, 2023.
- H. Haqqi, “The government’s policy in encouraging the global competitiveness of indonesian msmes through the digital ecosystem,” Journal of Economics, Management and Trade, vol. 29, no. 8, pp. 66–76, 2023.
- H. Khuan, E. Andriani, and A. Y. Rukmana, “The role of technology in fostering innovation and growth in start-up businesses,” West Science Journal Economic and Entrepreneurship, vol. 1, no. 08, pp. 348–357, 2023.
- M.-J. Lee and T. Roh, “Unpacking the sustainable performance in the business ecosystem: Coopeti- tion strategy, open innovation, and digitalization capability,” Journal of Cleaner Production, vol. 412, p. 137433, 2023.
- M. C. M. Lapuz, “The role of local community empowerment in the digital transformation of rural tourism development in the philippines,” Technology in Society, vol. 74, p. 102308, 2023.
- N. Ani, S. Millah, and P. A. Sunarya, “Optimizing online business security with blockchain technology,” Startupreneur Business Digital (SABDA Journal), vol. 3, no. 1, pp. 67–80, 2024
References
H. Danial, R. Talib, R. T. Dako, and U. Pakaya, “Digipreneur 101: Regenerative tourism and bilingual promotion for local community empowerment in gorontalo,” Jurnal Pengabdian Masyarakat: Pember- dayaan, Inovasi dan Perubahan, vol. 4, no. 6, 2024.
A. Awa et al., “Explore the importance of creativity and innovation in micro, small and medium enter- prises (msmes),” Jurnal Visionida, vol. 9, no. 2, pp. 199–217, 2023.
R. Fadillah, A. Yulastri, H. Hidayat et al., “Development of mobile learning based on digital entrepreneurs using raspberry pi on tvet.” International Journal on Advanced Science, Engineering & Information Tech- nology, vol. 13, no. 6, 2023.
P. Servais and J. Aidemark, “Entrepreneurial learning through international business model innovation: an example from a south baltic interreg project,” in International Symposium on Digital Transformation, 2023.
M. M. B¨uhler, I. Calzada, I. Cane, T. Jelinek, A. Kapoor, M. Mannan, S. Mehta, V. Mookerje, K. N¨ubel, A. Pentland et al., “Unlocking the power of digital commons: Data cooperatives as a pathway for data sovereign, innovative and equitable digital communities,” Digital, vol. 3, no. 3, pp. 146–171, 2023.
F. Afif, D. N. N. Nabila, and R. M. Rohmah, “Digipreneurship as an effort to strengthen the digitalization of the islamic economy in indonesia,” Maliki Islamic Economics Journal, vol. 3, no. 2, pp. 72–87, 2023.
C. Kreiterling, “Digital innovation and entrepreneurship: a review of challenges in competitive markets,” Journal of Innovation and Entrepreneurship, vol. 12, no. 1, p. 49, 2023.
J. Aarthy, S. Krishnakanth, N. A. Keshov, and S. Sowmya, “Digipreneurship-the role of digital en- trepreneurship in shaping tomorrow’s business landscape.”
B. Rianto, A. K. Ganefri, H. Hidayat et al., “Needs for implementing a production-based problem learn- ing model on technopreneurship courses to improve the quality of engineering education for graduates,” Journal of Hunan University Natural Sciences, vol. 51, no. 4, 2024. [10] H. Amin, “Resilience and adaptation: The economy of pesantren amidst capitalism,” Raudhah Proud To Be Professionals: Jurnal Tarbiyah Islamiyah, vol. 9, no. 1, pp. 196–205, 2024.
J. Awad and R. Mart´ın-Rojas, “Enhancing social responsibility and resilience through entrepreneurship and digital environment,” Corporate Social Responsibility and Environmental Management, vol. 31, no. 3, pp. 1688–1704, 2024.
D. R. Kurniawan, Y. Purnama, Y. Riady, H. K. A. Zaakiyyah et al., “Technology integration in educational management: Its impact on community participation,” Jurnal Terobosan Peduli Masyarakat (TIRAKAT), vol. 1, no. 1, pp. 10–20, 2024.
S. Nurbayanti, Z. G. Iqlima, M. F. Fauzi, and T. Lestari, “Opportunities promoting social inclusion in elementary school learning context: study of merdeka curriculum the indonesian policies on gedsi (gen- der, disability, and social inclusion) framework,” Humanika: Kajian Ilmiah Mata Kuliah Umum, vol. 24, no. 2, 2024.
S. N. Mamat, A. Shamsudin, N. F. Mohd, A. Sani, and A. Saidin, “Undergraduate students’ outlook on their digital entrepreneurship readiness, attitude and motivation.”
I. Rozeqqi and M. Ulfah, “Internalization of digital entrepreneurship education in the e-tafaqquh program at the darul ulum foundation kubu raya,” Innovative: Journal Of Social Science Research, vol. 3, no. 6, pp. 7121–7130, 2023.
I. I. Hidayat, S. Nurhayati, and G. Boriboon, “Vocational high school community service as innovative community empowerment program: A case study of garut vocational high school,” Jurnal Paedagogy, vol. 11, no. 1, pp. 48–60, 2024.
R. Rismansyah, Y. Dessy, M. Najib, A. Mahendra, M. Mursalin, E. Ardius, and Z. Hakim, “The medi- ating role of online marketing information systems products, technology, business managers, and digital entrepreneurship on change management,” Technology, Business Managers, and Digital Entrepreneurship on Change Management.
K. Kalogis, “Analysis of the role innovation, creativity and technology transformation on business sus- tainability in east europe,” Journal of Current Research in Business and Economics, vol. 3, no. 1, pp. 138–179, 2024.
F. Fahrial, D. Tjahjan, I. Oktaria, K. N. Salam, S. E. Putro, V. S. Adoe, V. Verawaty, W. S. Andriasari, and Y. Yudiansyah, “Entrepreneurship 5.0 customizing your digital opportunities,” 2022.
R. Purbasari, E. Munajat, and F. Fauzan, “Digital innovation ecosystem on digital entrepreneur: Social network analysis approach,” International Journal of E-Entrepreneurship and Innovation (IJEEI), vol. 13, no. 1, pp. 1–21, 2023.
S. Wolfert, C. Verdouw, L. van Wassenaer, W. Dolfsma, and L. Klerkx, “Digital innovation ecosystems in agri-food: design principles and organizational framework,” Agricultural Systems, vol. 204, p. 103558, 2023.
L. Liang and Y. Li, “How does government support promote digital economy development in china? the mediating role of regional innovation ecosystem resilience,” Technological Forecasting and Social Change, vol. 188, p. 122328, 2023.
F. Santarsiero, G. Schiuma, D. Carlucci, and N. Helander, “Digital transformation in healthcare organisa- tions: The role of innovation labs,” Technovation, vol. 122, p. 102640, 2023.
I. O. Pappas, P. Mikalef, Y. K. Dwivedi, L. Jaccheri, and J. Krogstie, “Responsible digital transformation for a sustainable society,” Information Systems Frontiers, vol. 25, no. 3, pp. 945–953, 2023.
R. A. Zhanbayev, M. Irfan, A. V. Shutaleva, D. G. Maksimov, R. Abdykadyrkyzy, and S¸ . Filiz, “Demoeth- ical model of sustainable development of society: A roadmap towards digital transformation,” Sustain- ability, vol. 15, no. 16, p. 12478, 2023.
V. Meilinda, S. A. Anjani, and M. Ridwan, “A platform based business revolution activates indonesia’s digital economy,” Startupreneur Business Digital (SABDA Journal), vol. 2, no. 2, pp. 155–174, 2023.
D. Yanti, D. Y. Heryadi, P. A. Cakranegara, M. Kadyrov et al., “Developing rural communication through digital innovation for village tourism,” Jurnal Studi Komunikasi, vol. 7, no. 3, pp. 696–712, 2023.
M. Frag˜ao-Marques and T. Ozben, “Digital transformation and sustainability in healthcare and clinical laboratories,” Clinical Chemistry and Laboratory Medicine (CCLM), vol. 61, no. 4, pp. 627–633, 2023.
A. Kwilinski, O. Lyulyov, and T. Pimonenko, “Unlocking sustainable value through digital transforma- tion: An examination of esg performance,” Information, vol. 14, no. 8, p. 444, 2023.
F. Kitsios and M. Kamariotou, “Digital innovation and entrepreneurship transformation through open data hackathons: Design strategies for successful start-up settings,” International Journal of Information Management, vol. 69, p. 102472, 2023.
H. E. Adama, O. A. Popoola, C. D. Okeke, and A. E. Akinoso, “Economic theory and practical impacts of digital transformation in supply chain optimization,” International Journal of Advanced Economics, vol. 6, no. 4, pp. 95–107, 2024.
N. Septiani, A. S. Bist, C. S. Bangun, and E. Dolan, “Digital business student development for en- trepreneurs with software,” Startupreneur Business Digital (SABDA Journal), vol. 1, no. 1, pp. 34–44, 2022.
L. Guan, W. Li, C. Guo, and J. Huang, “Environmental strategy for sustainable development: Role of digital transformation in china’s natural resource exploitation,” Resources Policy, vol. 87, p. 104304, 2023.
S. Heshmatisafa and M. Sepp¨anen, “Exploring api-driven business models: Lessons learned from amadeus’s digital transformation,” Digital Business, vol. 3, no. 1, p. 100055, 2023.
X. Ren, G. Zeng, and X. Sun, “The peer effect of digital transformation and corporate environmental performance: empirical evidence from listed companies in china,” Economic Modelling, vol. 128, p. 106515, 2023.
H. Haqqi, “The government’s policy in encouraging the global competitiveness of indonesian msmes through the digital ecosystem,” Journal of Economics, Management and Trade, vol. 29, no. 8, pp. 66–76, 2023.
H. Khuan, E. Andriani, and A. Y. Rukmana, “The role of technology in fostering innovation and growth in start-up businesses,” West Science Journal Economic and Entrepreneurship, vol. 1, no. 08, pp. 348–357, 2023.
M.-J. Lee and T. Roh, “Unpacking the sustainable performance in the business ecosystem: Coopeti- tion strategy, open innovation, and digitalization capability,” Journal of Cleaner Production, vol. 412, p. 137433, 2023.
M. C. M. Lapuz, “The role of local community empowerment in the digital transformation of rural tourism development in the philippines,” Technology in Society, vol. 74, p. 102308, 2023.
N. Ani, S. Millah, and P. A. Sunarya, “Optimizing online business security with blockchain technology,” Startupreneur Business Digital (SABDA Journal), vol. 3, no. 1, pp. 67–80, 2024