Social Capital for Young Indonesian Entrepreneurs' Development

Abstract

Young Indonesian Entrepreneur, founded in 1972 with the founder Abdul Latief. This organization is a group of young Indonesian entrepreneurs to drive the nation's economy. In addition, HIPMI is also a place for young entrepreneurs to start a business so that they can overcome cultural and structural barriers so that they can develop. The ability to master social capital can enhance the development of Young Indonesian Entrepreneurs. So the research aims to provide an overview of how the process of social capital in business development. The results of data analysis and reference literature review show that not all young Indonesian entrepreneurs use social capital in developing their business progress. Selection of a development strategy through increasing skills in mastering social capital is very effective in increasing cooperation, and the performance of business capabilities of young Indonesian entrepreneurs. The main finding of this study is that social capital is the best element in developing the business skills of young entrepreneurs, the ability to master economic capital including the ability to cooperate to become part of the government or bureaucracy, the organizational values of young Indonesian entrepreneurs, the value of trust and networking relations. In the future, it is suggested to research modifying the development of young Indonesian businesses based on economic capital and social capital in the realm of digital media.