Family Businesses and Portfolio of Innovation Ecosystems �Batiks� Small Medium Enterprises

Sutanto, Eddy Madiono and PURWANTO, and NANIK, (2024) Family Businesses and Portfolio of Innovation Ecosystems �Batiks� Small Medium Enterprises. [UNSPECIFIED]

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Abstract

The purpose of this paper was to explore how family batik small- and medium-sized enterprises (SMEs) in Indonesia overcome limited resources to accelerate the establishment of an innovation ecosystem through copreneurship business practices. A qualitative approach was used to analyze ten SMEs founded by couples. Data were obtained using in-depth interviews with couples responsible for managing SMEs. The findings of this paper show that the most important factor in strengthening the resilience of couple-managed SMEs is how to orchestrate a complex innovation ecosystem within an organization. From four perspectives, innovation ecosystems can be observed, including management literature, networks among companies and businesses, competitiveness and innovation policies as well as differences in local or national scale innovation ecosystems. Lastly, it also includes designing an innovation ecosystem with modern thinking structured to accelerate the growth of family SMEs.

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