%A Somariah Fitriani
%D 2020
%T The Synergy Effect of "ABCGM" for Small and Medium-Sized Enterprises
%L repository5119
%P 40-46
%C Bali
%X Entrepreneurship is believed to bring a positive impact on the prosperity of a community, job creation, and economic outlook of a nation through the numerous small and medium-sized enterprises (SMEs). Thus, the
study was to examine the correlation of five actors (academic, business, community, government, and media, ABCGM in short) in terms of the Penta Helix model, which aims to develop the performance of small and
medium-sized enterprises as the fundamental pillar of a national economy. The study employed a quantitative and qualitative approach. The data were obtained from an online survey, Focus group discussion, and interviews with several small and medium-sized enterprises. Fifty-four respondents of small, medium-sized enterprises in Bandung participated in the study. The data were analyzed using the non-parametric test of
Kendall's tau to find out the correlations of five variables. The finding has revealed that the five variables have a significant correlation, both at the 0.05 level and at the 0.01 level. Based on the component matrix, the strength of the correlation of each factor that is formed is 0.840 (academic), 0.924 government, 0.884 (industry/business), 0.842 (media) and 0.729 (community). Besides, the government plays a significant contribution to the development of SMEs as it functions as a policymaker, which synergizes the other actors.It indicates that five actors of Penta helix model enable to develop the performance of SMEs and its sustainability through their collaboration.
Keywords— Penta helix model; small and medium-sized enterprises; entrepreneurship, economic growth.