This work is licensed under a Creative Commons Attribution 4.0 International License.
The Influence of Entrepreneurial Mindset and Innovation on Startup Growth in the Digital Era
Corresponding Author(s) : Abdul Wahab Abdul Rahman
Startupreneur Business Digital (SABDA Journal),
Vol. 4 No. 1 (2025): Startupreneur Business Digital (SABDA)
Abstract
This research aims to analyze the influence of entrepreneurial mindset and innovation on startup growth in the digital era. The background to this research is driven by the rapid development of technology which has changed the business landscape, so it is important for startups to have an innovative entrepreneurial mindset and be able to adapt quickly in the face of dynamic market changes. Startups that have a strong entrepreneurial mindset tend to be better able to identify opportunities, take measured risks, and survive in tight market competition. The object of this research is startups operating in the digital sector in Indonesia, with a focus on how entrepreneurial mindset and innovation influence their performance and growth. The method used is a quantitative approach, by distributing questionnaires to startup owners and managers to collect data regarding entrepreneurial mindset, innovation and growth. The collected data was analyzed using linear regression to test the relationship between these variables. The research results show that both entrepreneurial mindset and innovation have a significant positive influence on startup growth, with innovation acting as a mediator that strengthens this relationship. The conclusion of this research is that to achieve sustainable growth, startups need to develop an entrepreneurial mindset that supports creativity and innovation in every aspect of their operations. This research provides insight for startup players in optimizing their business development strategies in the digital era.
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References
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Y. Zaki, A. Al Muwali, and N. Mahdi, “The role of nurturing technopreneurship education and building university students’ entrepreneurial mindsets and skill sets in fostering digital innovation and augmenting the tech start-up ecosystem in bahrain,” International Journal of Learning, Teaching and Educational Research, vol. 20, no. 6, pp. 152–173, 2021.
M. Soltanifar and E. Smailhodˇzi´c, “Developing a digital entrepreneurial mindset for data-driven, cloud- enabled, and platform-centric business activities: practical implications and the impact on society,” in Digital Entrepreneurship, 2021, p. 3.
Kementerian Pendidikan, Kebudayaan, Riset, dan Teknologi, “Permendikbudristek No. 53 Tahun 2023 tentang Penjaminan Mutu Pendidikan Tinggi,” 2023. [Online]. Available: https://peraturan.bpk.go.id/ Details/265158/permendikbudriset-no-53-tahun-2023
R. H. Solehudin, I. El Khuluqo, E. Budiarti, and I. Salman, “Building an entrepreneurship mindset through social science entering the society 5.0 era (critical review entrepreneurship urgency at sps uhamka jakarta),” Journal of Namibian Studies: History Politics Culture, vol. 33, pp. 2080–2097, 2023.
N. Aboobaker and Z. KA, “Fostering entrepreneurial mindsets: the impact of learning motivation, per- sonal innovativeness, technological self-efficacy, and human capital on entrepreneurial intention,” Journal of International Education in Business, vol. 16, no. 3, pp. 312–333, 2023.
A. D. Samoedra, A. M. Febrianti, K. Kaniawati, M. Hendri, and R. Kurniawan, “Entrepreneurial mind in fierce competition for startup businesses,” Review of International Geographical Education Online, vol. 11, no. 6, 2021.
M. Soltanifar, M. Hughes, and L. G¨ocke, Digital entrepreneurship: Impact on business and society. Springer Nature, 2021.
D. Xiong, N. Khaddage-Soboh, M. Umar, A. Safi, and D. Norena-Chavez, “Redefining entrepreneur- ship in the digital age: exploring the impact of technology and collaboration on ventures,” International Entrepreneurship and Management Journal, pp. 1–27, 2024.
K. Satjaharuthai and K. Lakkhongkha, “The role of entrepreneurs in driving the success of their businesses in the digital era,” International Journal of Professional Business Review: Int. J. Prof. Bus. Rev., vol. 8, no. 7, p. 109, 2023.
K. Hasan, M. Nazaruddin, R. Keumala, R. M. Aftah, and H. L. Elga, “Start up entrepreneurship millen- nials in lhokseumawe city 2022,” in Proceedings of International Conference on Social Science, Political Science, and Humanities (ICoSPOLHUM), vol. 3, 2022, pp. 00 023–00 023.
K. Crnogaj and M. Rus, “From start to scale: Navigating innovation, entrepreneurial ecosystem, and strategic evolution,” Administrative Sciences, vol. 13, no. 12, p. 254, 2023.
Direktorat Jenderal Pendidikan Tinggi, Kementerian Pendidikan dan Kebudayaan, “Program Pembinaan Mahasiswa Wirausaha (PPMW),” 2020. [Online]. Available: https://dikti.kemdikbud.go.id/pengumuman/ program-pendampingan-wirausaha-mahasiswa-indonesia-pwmi-tahun-2020/.
E. Masnawati, E. Retnowati, R. Mardikaningsih, D. Darmawan, and M. Munir, “Entrepreneurial mindset building in adolescents: Learning strategies, potential identification, business initiation, and social media empowerment,” International Journal of Service Science, Management, Engineering, and Technology, vol. 2, no. 2, pp. 42–47, 2022.
S. Sabil, S. A. S. Herjuna, L. Hakim, S. Suharmono, and E. Y. Utami, “The influence of startups in increas- ing entrepreneurship awareness and digital literacy,” West Science Journal Economic and Entrepreneur- ship, vol. 1, no. 09, pp. 475–481, 2023.
O. Pricopoaia, A. V. Busila, N. Cristache, I. Susanu, and C. Matis, “Challenges for entrepreneurial in- novation: Startups as tools for a better knowledge-based economy,” International Entrepreneurship and Management Journal, vol. 20, no. 2, pp. 969–1010, 2024.
V. Bodolica and M. Spraggon, “Incubating innovation in university settings: building entrepreneurial mindsets in the future generation of innovative emerging market leaders,” Education+ Training, vol. 63, no. 4, pp. 613–631, 2021.
A. S. Bein, Y. I. Graha, and A. P. Pangestu, “Pandawan website design based content management system as media e-commerce transaction,” Aptisi Transactions On Technopreneurship (ATT), vol. 2, no. 1, pp. 87–97, 2020.
E. Hazni and I. Nurhaida, “The influence of digital mindset, digital competence and leadership style on employee career development,” Siber International Journal of Education Technology (SIJET), vol. 1, no. 3, pp. 90–108, 2024.
H. Zaheer, Y. Breyer, J. Dumay, and M. Enjeti, “The entrepreneurial journeys of digital start-up founders,” Technological Forecasting and Social Change, vol. 179, p. 121638, 2022.
M. Almansour, “Business incubators and entrepreneurial training: Leveraging technological innovations and digital marketing,” IEEE Transactions on Engineering Management, 2022.
S. Seoke, A. Mamabolo, and M. M. Mtotywa, “The impact of mass media entrepreneurship education on entrepreneurial mindset and intentions,” Entrepreneurship Education and Pedagogy, vol. 7, no. 4, pp. 529–556, 2024. [24] K. Gularso, T. N. Mursitama, P. Heriyati, and B. Simatupang, “Disruptive business model innovation in indonesia digital startups,” Pertanika Journal of Social Sciences Humanities, vol. 28, no. 2, 2020.
S. Kaggwa, A. Akinoso, S. O. Dawodu, P. U. Uwaoma, O. J. Akindote, and S. E. Osawaru, “En- trepreneurial strategies for ai startups: navigating market and investment challenges,” International Jour- nal of Management Entrepreneurship Research, vol. 5, no. 12, pp. 1085–1108, 2023.
M. Pham, A. T. T. Nguyen, D. T. Tran, T. T. Mai, and V. T. Nguyen, “The impact of entrepreneurship knowledge on students’ e-entrepreneurial intention formation and the moderating role of technological innovativeness,” Journal of Innovation and Entrepreneurship, vol. 12, no. 1, p. 80, 2023.
D. B. Audretsch, M. Belitski, R. Caiazza, F. Chowdhury, and M. Menter, “Entrepreneurial growth, value creation and new technologies,” The Journal of Technology Transfer, vol. 48, no. 5, pp. 1535–1551, 2023. [
G. Nicola and R. Setiawan, “Creating competitive advantage through digital innovation: Insights from startupreneurs in e-commerce,” Startupreneur Business Digital (SABDA Journal), vol. 3, no. 2, pp. 131– 140, 2024.
B. Lee, B. Kim, and U. V. Ivan, “Enhancing the competitiveness of ai technology-based startups in the digital era,” Administrative Sciences, vol. 14, no. 1, p. 6, 2023.
S. Rodr´ıguez and H. Lieber, “Relationship between entrepreneurship education, entrepreneurial mindset, and career readiness in secondary students,” Journal of Experiential Education, vol. 43, no. 3, pp. 277– 298, 2020.
A. Delhi and A. Sijabat, “The role of technology adoption in scaling startupreneur business models in the digital economy,” Startupreneur Business Digital (SABDA Journal), vol. 3, no. 2, pp. 141–147, 2024.