Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)

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The Influence of Entrepreneurship Ecosystem Toward Trust-Building Process of Garut Burayot Center, Indonesia

Authors
Dini Turipanam Alamanda1, *, Ayuni Ayuni1, Wati Susilawati1, Intan Alya Khoerunnisa1
1Faculty of Economics, Garut University, Langensari, Indonesia
*Corresponding author. Email: manda@uniga.ac.id
Corresponding Author
Dini Turipanam Alamanda
Available Online 26 June 2024.
DOI
10.2991/978-94-6463-443-3_137How to use a DOI?
Keywords
Cluster industry; MSME; Trust-building process; Entrepreneurship; Business Ecosystem
Abstract

Trust is an essential factor that can encourage MSMEs to join clusters. One of the MSME centres that have the potential to develop into clusters is the Burayot Centre, located in Garut Regency, West Java, Indonesia. The purpose of this study is to analyze the influence of the entrepreneurial ecosystem on the process of building trust in the Garut Burayot Center. The entrepreneurial ecosystem is vital in facilitating business growth and development in the centre. This study used a quantitative research method using the questionnaire as a data collection instrument. The research sample was a saturated sample of 40 MSME entrepreneurs from the Garut Burayot Center. The data were then analyzed using PLS-SEM with the help of SmartPLS 4.0 software. The results show that the entrepreneurial ecosystem has significantly influenced the trust-building process in the Garut Burayot Center. Conducive environmental factors, solid institutional support, and good interaction between stakeholders are essential factors that help build trust between business actors at the Garut Burayot Center. The findings have important implications for the Garut Burayot Center stakeholders and similar industrial centres. Improving the entrepreneurial ecosystem and strengthening the trust-building process can effectively drive business growth and success in small and medium industrial centres such as Garut Burayot Center.

Copyright
© 2024 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 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
26 June 2024
ISBN
978-94-6463-443-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-443-3_137How to use a DOI?
Copyright
© 2024 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  - Dini Turipanam Alamanda
AU  - Ayuni Ayuni
AU  - Wati Susilawati
AU  - Intan Alya Khoerunnisa
PY  - 2024
DA  - 2024/06/26
TI  - The Influence of Entrepreneurship Ecosystem Toward Trust-Building Process of Garut Burayot Center, Indonesia
BT  - Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)
PB  - Atlantis Press
SP  - 1059
EP  - 1064
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-443-3_137
DO  - 10.2991/978-94-6463-443-3_137
ID  - Alamanda2024
ER  -