The DNA of Successful Gen Z Entrepreneurs

Ni Luh Komang Megayanti; Luh Putu Mahyuni

doi:10.18535/ijsrm/v12i08.em09

Abstract

The journey and success of a company are profoundly shaped by the entrepreneur's personality. Qualitative research with a phenomenological approach was used to identify the personality model of successful Gen Z entrepreneurs in developing countries such as Indonesia. Through in-depth interviews with 6 business owners, it was revealed that all informants had personalities related to entrepreneurial traits, entrepreneurial behavior, and entrepreneurial skills. This combination enables them to compete and innovate in a dynamic market and drive sustainable economic growth. According to the research, Gen Z entrepreneurs thrive in collaborative environments, are creative and community-focused, flexible, aware of their target market, and attentive to the needs and preferences of their customer. These findings contribute to designing programs and policies that support entrepreneurship development among the younger generation to encourage innovation, collaboration, and sustainable economic growth.

Keywords

EntrepreneurshipGen ZEntrepreneur TraitsEntrepreneurial Personality Model

References

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[refR-2] Anggarini, D. T. (2022). Generation Z and Millenial Perspectives to Become Entrepreneurs in the Era of Gig Economy. Jurnal Ekonomi Dan Manajemen, 16(1), 10–26.Google Scholar ↗

[refR-3] Antoncic, B., & Marks, L. J. (2016). Risk-Taking Propensity and Entrepreneurship: The Role of Power Distance in Six Countries.Google Scholar ↗

[refR-4] Arnianti. (2021). Teori Perkembangan Psikoanalisis. Jurnal Penelitian Guru Indonesia, 1(September 2021), 1–13.Google Scholar ↗

[refR-5] Astuti, R. P., Bahtera, N. I., & Atmaja, E. J. J. (2019). Entrepreneurial Characteristics and Behaviors of Muntok White Pepper Farmers. Society, 7(2), 101–115. https://doi.org/10.33019/society.v7i2.116DOI ↗Google Scholar ↗

[refR-6] Auer Antoncic, J., & Antoncic, B. (2018). Need for Achievement of the Entrepreneur, Intrapreneurship, and the Growth of Companies in Tourism and Trade. 3rd International Thematic Monograph - Thematic Proceedings: Modern Management Tools and Economy of Tourism Sector in Present Era, 259–265. https://doi.org/10.31410/tmt.2018.259DOI ↗Google Scholar ↗

[refR-7] Badan Pusat Statistik. (2010). Gen Z Dominan, Apa Maknanya bagi Pendidikan Kita? https://pskp.kemdikbud.go.id/produk/artikel/detail/3133/gen-z-dominan-apa-maknanya-bagi-pendidikan-kitaGoogle Scholar ↗

[refR-8] Cagarman, K., & Stiftung, B. (2023). Gen Z Pioneering Entrepreneurs : Entrepreneurs : Reflections and and Policy Policy Reflections Considerations Considerations. November, 1–28. https://doi.org/10.11586/2023090DOI ↗Google Scholar ↗

[refR-9] Datta, P., Peck, J. A., Koparan, I., & Nieuwenhuizen, C. (2020). Entrepreneurial continuance logic: The interplay between climate, commitment, and entrepreneurial responsiveness. Management Decision, 58(7), 1247–1282. https://doi.org/10.1108/MD-05-2017-0537DOI ↗Google Scholar ↗

[refR-10] Diawati, P., Ausat, A. M. A., & Augustin Jeneva. (2023). Creativity: How to Develop an Entrepreneurial Attitude of Creativity. Journal on Education, 05(03), 11116–11122. http://jonedu.org/index.php/joeGoogle Scholar ↗

[refR-11] Fajariah, M., & Suryo, D. (2020). Sejarah Revolusi Industri di Inggris Pada Tahun 1760-1830. HISTORIA: Jurnal Program Studi Pendidikan Sejarah, 8(1), 77. https://doi.org/10.24127/hj.v8i1.2214DOI ↗Google Scholar ↗

[refR-12] Grivokostopoulou, F., Kovas, K., & Perikos, I. (2019). Examining the Impact of a Gamiﬁed Entrepreneurship Edu Framework in HE.pdf.Google Scholar ↗

[refR-13] Hamzah, M. I., & Othman, A. K. (2023). How do locus of control influence business and personal success? The mediating effects of entrepreneurial competency. Frontiers in Psychology, 13(January), 1–15. https://doi.org/10.3389/fpsyg.2022.958911DOI ↗Google Scholar ↗

[refR-14] Hartati Arfin, I. (2020). Strategi Pembangunan Sdm Kementerian Keuangan Republik Indonesia Dalam Menghadapi Tantangan Era Disrupsi 4.0. Jurnal BPPK : Badan Pendidikan Dan Pelatihan Keuangan, 13(1), 109–129. https://doi.org/10.48108/jurnalbppk.v13i1.493DOI ↗Google Scholar ↗

[refR-15] Hastuti, Ganafri, Asmar Yulastri, Ambiar, Doni Tri Putra Yanto, & Andrian. (2023). Profil Entrepreneur Era Digital dalam Menghadapi Society 5.0. JTEV (Jurnal Teknik Elektro Dan Vokasional), 9(1), 139–140. https://doi.org/10.24036/jtev.v9i1.121838DOI ↗Google Scholar ↗

[refR-16] Komara, E., & Adiraharja, M. I. (2020). Integrasi Nilai-nilai Kearifan Lokal dalam Pembelajaran Kewirausahaan di SMK Negeri 10 Kota Bandung. Mimbar Pendidikan, 5(2), 117–130. https://doi.org/10.17509/mimbardik.v5i2.28870DOI ↗Google Scholar ↗

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[refR-18] Moerdijat, L. (2023). Butuh Konsistensi Cetak Wirausaha Muda untuk Wujudkan Indonesia sebagai Negara Maju. https://www.mpr.go.id/berita/Butuh-Konsistensi-Cetak-Wirausaha-Muda-untuk-Wujudkan-Indonesia-sebagai-Negara-MajuGoogle Scholar ↗

[refR-19] Prastiwi, N. L. P. E. Y., Hartawan, I. G. M. D., Kasih, N. L. S., Agustin, A. A. A. M. T., & Sari, P. R. K. (2023). the Implementation of Womenpreneur Mindset and Proactive Personality in the Efforts To Improve Msme Performance. International Journal of Application on Economics and Business, 1(4), 2416–2427. https://doi.org/10.24912/ijaeb.v1i4.2416-2427DOI ↗Google Scholar ↗

[refR-20] Rahayu, K. D., Indriyani, A. R. A., Harnaji, B., & Sinurat, F. (2023). Generation Z: Entrepreneurs and Expectations in the Workplace (Case Studies in Some Provinces in Indonesia) (Issue 2019). Atlantis Press International BV. https://doi.org/10.2991/978-94-6463-154-8_19DOI ↗Google Scholar ↗

[refR-21] Rahimallah, M. T. A. R. (2022). Perubahan Prilaku Komunikasi Dan Budaya Sosial Akibat Disrupsi Teknologi Dan Informasi (Seri Review Buku). Osf Preprints, 1–18. File:///C:/Users/Asus/Downloads/Perubahan Prilaku Komunikasi Dan Budaya Sosial Akibat Disrupsi Teknologi Dan Informasi (1).pdfGoogle Scholar ↗

[refR-22] Rahmasari, S. (2023). Strategi Adaptasi Bisnis di Era Digital: Menavigasi Perubahan dan Meningkatkan Keberhasilan Organisasi. Karimah Tauhid, 2(3), 622–636.Google Scholar ↗

[refR-23] Rosyadi, S. (2018). Revolusi industri 4.0 : Peluang dan Tantangan Bagi Alumni Universitas Terbuka. Fakultas Ilmu Sosial Dan Ilmu Politik, 2, 1–10.Google Scholar ↗

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[refR-25] Saura, J. R., Palacios-Marqués, D., Correia, M. B., & Barbosa, B. (2023). Innovative behavior in entrepreneurship: Analyzing new perspectives and challenges. Frontiers in Psychology, 14. https://doi.org/10.3389/fpsyg.2023.1123236DOI ↗Google Scholar ↗

[refR-26] Singgih, J. A. Y. A. (2020). Peran pengusaha muda dalam mendorong perekonomian Indonesia guna meningkatkan pembangunan nasional. Jurnal Kajian Lembaga Ketahanan Nasional Republik Indonesia, 8(3), 337–348.Google Scholar ↗

[refR-27] Sukeni, K., Anynussyawiby, & Gonita, A. (2023). Peran Generasi Z Dalam Mendukung Sustainable Development Goals Melalui Pengembangan Ekonomi Hijau Menuju Indonesia Emas 2045. E-Journal.Unmas.Ac.Id, 156–163. https://e-journal.unmas.ac.id/index.php/pilar/article/download/6124/4657Google Scholar ↗

[refR-28] Sutikno, A. N. (2020). Bonus demografi di indonesia. Visioner, 12(2), 421–438. file:///C:/Users/ASUS/Downloads/285-Article Text-744-1-10-20201019.pdfGoogle Scholar ↗

[refR-29] Syawal, S. H. (2018). Psikoanalisis Sigmund Freud dan Implikasinya dalam Pendidikan Helaluddin Syahrul Syawal. Academia.Edu, March, 5–6. http://www.academia.edu/download/60642918/Psikoanalisissigmudfreud20190919-88681-dfxtxf.pdfGoogle Scholar ↗

[refR-30] Wardhana, A. (2024). Membangun Model Kewirausahaan Berkelanjutan (Issue July).Google Scholar ↗

[refR-31] Yordan Rendis Suherman, Tangkas Ageng Nugroho, Fitra Barokah Quraini, & Muhammad Yasin. (2023). Analisis Perkembangan Industrialisasi Era 5.0 Terhadap Kondisi Pendidikan Di Kecamatan Menganti Kabupaten Gresik Jawa Timur. Jurnal Kajian Dan Penelitian Umum, 1(3), 169–182. https://doi.org/10.47861/jkpu-nalanda.v1i3.241DOI ↗Google Scholar ↗