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http://dx.doi.org/10.13106/jafeb.2021.vol8.no1.881

Determinants of the Small and Medium Enterprises Progress: A Case Study of SME Entrepreneurs in Manado, Indonesia  

PRAMONO, Rudy (School of Hospitality and Tourism, Pelita Harapan University)
SONDAKH, L.W. (Pelita Harapan University)
BERNARTO, Innocentius (Faculty of Economics and Business Pelita Harapan University)
JULIANA, Juliana (School of Hospitality and Tourism, Pelita Harapan University)
PURWANTO, Agus (Pelita Harapan University)
Publication Information
The Journal of Asian Finance, Economics and Business / v.8, no.1, 2021 , pp. 881-889 More about this Journal
Abstract
The purpose of this study is to descriptively reveal the demographic and business profile and personal-entrepreneurial characteristics in Manado, the capital of North Sulawesi, and secondly to associate these profiles and characters to their business progress. A sample size of 21 respondents was drawn - selected from those who warmly welcomed the interviewers for an open-ended structured questionnaire. SPSS 24 has been employed to descriptively reveal the sample distribution according to demographic factors and business entities and to determine the dominant factors affecting the progress of the business by testing the hypothesis on the association of variables under study using specified statistical analytical tools, such as regression analysis, especially stepwise regression formula, between specified dependent variables and independent variables and /or between all variables. The stepwise regression analysis has enabled the researcher to determine which variables are the most important reflecting the personal characteristics theorized as "locus of control": self-efficacy, needs for achievement, personal traits, and barriers to business progress The analysis reveals that the progress of business does have an association and is dependent on the source of capital and education, needs for achievement and locus of control.
Keywords
Small and Medium Enterprises; SMEs Manado; Entrepreneurs;
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