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http://dx.doi.org/10.13106/jafeb.2022.vol9.no1.0025

The Impact of Ambidextrous Innovation on the Performance and Competitiveness of Start-up Companies: An Empirical Study from Indonesia  

SIJABAT, Eduard Alfian Syamsya (Faculty of Administrative Sciences, Brawijaya University)
NIMRAN, Umar (Faculty of Administrative Sciences, Brawijaya University)
UTAMI, Hamidah Nayati (Faculty of Administrative Sciences, Brawijaya University)
PRASETYA, Arik (Faculty of Administrative Sciences, Brawijaya University)
Publication Information
The Journal of Asian Finance, Economics and Business / v.9, no.1, 2022 , pp. 25-34 More about this Journal
Abstract
Established and new companies face similar business challenges in achieving performance and competitiveness. Furthermore, several empirical studies using competitive advantage resource-based view theory show that established companies achieve performance and competitiveness with breakthrough innovations. Similarly, new business ventures with limited resources must incorporate breakthrough innovations to achieve performance and competitiveness. Therefore, this study aimed to examine the impact of ambidextrous innovation on new venture performance and competitiveness. It used an online survey to collect data from 178 newly established shipping agency companies in 22 provinces in Indonesia. Data was analyzed using multivariate analysis with WarpPLS 7.0, where the analysis unit was an organization represented by a director. The results showed that ambidextrous innovation positively and significantly affects firm performance and new venture competitiveness. This means that ambidextrous innovation that emphasizes adaptation and development improves the firm's internal business processes, even with limited resources. Moreover, it increases new ventures' competitiveness in responding to threats and taking advantage of market opportunities. These results contribute to the competitive advantage resource-based view theory, specifically for new venture empirical examination. Also, they contribute to practical implications in the transportation business, demonstrating that exploitative breakthrough innovation can improve new venture competitiveness and performance.
Keywords
Ambidextrous Innovation; New Venture; Firm Performance; Competitiveness;
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Times Cited By KSCI : 3  (Citation Analysis)
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