DESIGN, CONSTRUCTION, MAINTENANCE
Print ISSN: 2944-912X, E-ISSN: 2732-9984 An Open Access International Journal of Engineering
Volume 4, 2024
Why Indonesian Start-up Fail: An Overview of Performance Management Systems
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Abstract: The era of globalization and disruption demands the development of an increasingly competitive business world. Companies present are expected to provide sustainability strategies to increase performance, which is one of the performance management strategies. But the facts show that start-up companies in Indonesia have not been able to improve their performance, even though they are mostly bankrupt. The objective of this study is to explain the obstacles faced by most start-up in Indonesia in implementing performance management in their respective companies during the period 2020–2023. This research paradigm uses a constructivist paradigm with a case study approach. The research began with collecting secondary data through initial interviews involving the key 10 human resources informants of start-up companies. The sampling methods used are purposive and quota sampling. Primary data was obtained from interviews with 16 managers and 12 human resources managers, observations of 12 start-up in 12 cities in Indonesia, and documentation studies. Data is analyzed through manual data analysis procedures using thematic inductive approaches to generate memos and ultimately build a conceptual framework of obstacles to performance management processes. The study reveals that the human resource competence standards, systems, effective performance management standards, and leadership competencies directly related to performance management in 2020–2022 are not available and are not optimally implemented in start-up.
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Keywords: Human resources competence, Systems, Performance Management Standards, Leadership Competence
Pages: 90-101
DOI: 10.37394/232022.2024.4.10