THE INFLUENCE OF INNOVATION MODELS, MICRO SMALL AND MEDIUM ENTERPRISES, AND DEVELOPMENT STRATEGIES TOWARDS COOPERATIVES IN INDUSTRIAL ERA 4.0

Author

Arjuna Rizaldi, S.E., M.A.

Abstrak

CooperativesareBusinessentitiesthataredrivenandownedby members seeking to achieve common needs in various fields, utilizing the Industrial Era 4.0 in order to reach its goals.Thispaperaimstopointouttheimpactsofinnovation models, micro small and medium enterprises, and development strategies towards cooperatives in industrial era 4.0. Research methods outlined that are applied in this paper consists of Qualitative, Quantitative, Descriptive, and secondary research approaches. The results regarding tothis paper are as follows. With the innovation modeldesignatedfor the cooperative’s renovation, it is expected that it has a positive impact on cooperatives and its pupils, creating a healthy and fair transaction process. Furthermore, small, medium and micro businesses as well as cooperatives need to adopt survival strategies and strategic methods, apply modern systems to their business processes, and strive to successfully answer various global challenges in the era of the Industrial Revolution 4.0. Finally, the transformation of thecooperativedevelopmentstrategyneedstobecarriedout considering that the new challenges of cooperatives are not only related to how to do business in the digital era but also change the overall perspective of the governance found in acooperative of this modern era. Keywords: Cooperatives, Innovation Models, Micro Small and Medium Enterprises, Development Strategies, Industrial Era 4.0