Proceedings of the 12th Gadjah Mada International Conference on Economics and Business (GAMAICEB 2024)

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Agile Strategy Formation: Knowledge-Creation Capability for Entrepreneurial Success in Bio-Based Commodities

Authors
Siti Yasmina Zubaedah1, *
1Universitas Bunda Mulia, Lodan Raya Ancol, Jakarta Utara, 14430, Indonesia
*Corresponding author. Email: szubaedah@bundamulia.ac.id
Corresponding Author
Siti Yasmina Zubaedah
Available Online 1 May 2025.
DOI
10.2991/978-94-6463-692-5_9How to use a DOI?
Keywords
Business Strategy; Entrepreneurship; Knowledge Management; Firm Adaptation; Performance
Abstract

A firm’s development path leads to a series of strategy formulations and implementations, or strategy formation cycles. In the face of inevitable changing circumstances, businesses should build the agility to properly arrange strategy formations to maintain performance. This study explores the significance of knowledge-creation capability to ensure effective adaptation when strategy adjustments become imperative. Adopting a conceptual framework developed from previous literature, the case of ChiliCo was examined to evaluate strategy formation circumstances that lead to effectiveness. Case analysis offered three propositions related with embedding knowledge-creation capability as antecedent to strategy formulation. Discussions presented in this article shows that knowledge creation is especially important during entrepreneurial strategy formation where the choice to capture opportunities and adjust the business determine value enhancements.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 12th Gadjah Mada International Conference on Economics and Business (GAMAICEB 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
1 May 2025
ISBN
978-94-6463-692-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-692-5_9How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Siti Yasmina Zubaedah
PY  - 2025
DA  - 2025/05/01
TI  - Agile Strategy Formation: Knowledge-Creation Capability for Entrepreneurial Success in Bio-Based Commodities
BT  - Proceedings of the 12th Gadjah Mada International Conference on Economics and Business (GAMAICEB 2024)
PB  - Atlantis Press
SP  - 146
EP  - 161
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-692-5_9
DO  - 10.2991/978-94-6463-692-5_9
ID  - Zubaedah2025
ER  -