Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)

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Unleashing Innovation: The Power of Knowledge Management for Business Model Transformation in SMEs

Authors
Abdul Ghofar1, *, M. Irhas Effendi1, Suwardi1, Windy Anindya Pamuji1
1Universitas Pembangunan Nasional Veteran Yogyakarta, JL. SWK 104, Condong Catur, Yogyakarta, 55283, Indonesia
*Corresponding author. Email: abdul.ghofar@upnyk.ac.id
Corresponding Author
Abdul Ghofar
Available Online 27 April 2023.
DOI
10.2991/978-2-38476-048-0_20How to use a DOI?
Keywords
Business model innovation; knowledge management capabilities; small and medium-sized enterprises (SMEs); risk-taking orientation; structural equation modeling (SEM)
Abstract

The purpose of this research is to investigate the impact of a firm’s external and internal knowledge management capabilities on its ability to innovate its business model. The study examines whether these effects depend on the firm’s orientation to risk-taking. The research involved an analysis of a sample of 160 small and medium-sized enterprises (SMEs) in Yogyakarta, Indonesia, using structural equation modeling (SEM). The results of the study showed that both external and internal knowledge management capabilities have a positive and significant effect on business model innovation, and these effects are influenced by a firm’s orientation to risk-taking. The study highlights the importance of knowledge management capabilities for business model innovation, particularly for SMEs, and provides practical implications for firms seeking to innovate their business models.

Copyright
© 2023 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 International Conference on Advance Research in Social and Economic Science (ICARSE 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
27 April 2023
ISBN
978-2-38476-048-0
ISSN
2352-5398
DOI
10.2991/978-2-38476-048-0_20How to use a DOI?
Copyright
© 2023 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  - Abdul Ghofar
AU  - M. Irhas Effendi
AU  - Suwardi
AU  - Windy Anindya Pamuji
PY  - 2023
DA  - 2023/04/27
TI  - Unleashing Innovation: The Power of Knowledge Management for Business Model Transformation in SMEs
BT  - Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)
PB  - Atlantis Press
SP  - 178
EP  - 185
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-048-0_20
DO  - 10.2991/978-2-38476-048-0_20
ID  - Ghofar2023
ER  -