{"id":15293,"date":"2025-09-08T15:34:22","date_gmt":"2025-09-08T08:34:22","guid":{"rendered":"https:\/\/psikologi.unpad.ac.id\/?p=15293"},"modified":"2025-09-08T15:36:51","modified_gmt":"2025-09-08T08:36:51","slug":"from-mindset-to-market-valuable-lessons-from-women-in-business","status":"publish","type":"post","link":"https:\/\/psikologi.unpad.ac.id\/en\/from-mindset-to-market-valuable-lessons-from-women-in-business\/","title":{"rendered":"From Mindset to Market: Valuable Lessons from Women in Business"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15293\" class=\"elementor elementor-15293\">\n\t\t\t\t\t\t<div class=\"elementor-section elementor-top-section elementor-element elementor-element-722d16a breadcrumbs elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"722d16a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default container row 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class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-ecfbc59 col-lg-12 col-12 mb-6 mb-lg-0 text-lg-start p-0\" data-id=\"ecfbc59\" data-element_type=\"column\">\n\t\t\t<div class=\"p-0 pb-2 elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b3f8020 featured-image elementor-widget elementor-widget-image\" data-id=\"b3f8020\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/psikologi.unpad.ac.id\/wp-content\/uploads\/2025\/09\/SGDS-Women-In-Bussiness.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"SGDS Women In Bussiness\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTUyOTQsInVybCI6Imh0dHBzOlwvXC9wc2lrb2xvZ2kudW5wYWQuYWMuaWRcL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjVcLzA5XC9TR0RTLVdvbWVuLUluLUJ1c3NpbmVzcy5wbmcifQ%3D%3D\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1600\" height=\"969\" src=\"https:\/\/psikologi.unpad.ac.id\/wp-content\/uploads\/2025\/09\/SGDS-Women-In-Bussiness.png\" class=\"img-fluid w-100 attachment-full size-full wp-image-15294\" alt=\"\" srcset=\"https:\/\/psikologi.unpad.ac.id\/wp-content\/uploads\/2025\/09\/SGDS-Women-In-Bussiness.png 1600w, https:\/\/psikologi.unpad.ac.id\/wp-content\/uploads\/2025\/09\/SGDS-Women-In-Bussiness-300x182.png 300w, https:\/\/psikologi.unpad.ac.id\/wp-content\/uploads\/2025\/09\/SGDS-Women-In-Bussiness-1024x620.png 1024w, https:\/\/psikologi.unpad.ac.id\/wp-content\/uploads\/2025\/09\/SGDS-Women-In-Bussiness-768x465.png 768w, https:\/\/psikologi.unpad.ac.id\/wp-content\/uploads\/2025\/09\/SGDS-Women-In-Bussiness-1536x930.png 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55b8285 px-6 pt-4 elementor-widget elementor-widget-highlighted-heading\" data-id=\"55b8285\" data-element_type=\"widget\" data-widget_type=\"highlighted-heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"geeks-elementor-highlighted-heading__title display-4 align-middle text-dark\">From Mindset to Market: Valuable Lessons from Women in Business<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-24e783d px-6 mb-6 single-post-meta e-flex e-con-boxed e-con e-parent\" data-id=\"24e783d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-d3653f4 e-con-full p-0 e-flex e-con e-child\" data-id=\"d3653f4\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4dfe98d elementor-widget elementor-widget-highlighted-heading\" data-id=\"4dfe98d\" data-element_type=\"widget\" data-widget_type=\"highlighted-heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<span class=\"geeks-elementor-highlighted-heading__title fs-4 text-dark mb-0 meta-post\"><span class=\"fw-normal\">Publication Date<\/span>  <b>September 8, 2025<\/b><br><span class=\"fw-normal\">Author<\/span>  <b>Reynaldi R &amp; JA Darren S<\/b><\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c088974 e-con-full e-flex e-con e-child\" data-id=\"c088974\" data-element_type=\"container\">\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-06c7d9b fs-4 text-dark px-6 elementor-widget elementor-widget-text-editor\" data-id=\"06c7d9b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><b>What does it take to make a business successful? How do you know if you have what it takes to succeed?<br><\/b>This psychological research might have the answer you\u2019re looking for. In 2024, Anissa Lestari Kadiyono and Rezki Ashriyana Sulistiobudi from the Faculty of Psychology at Padjadjaran University conducted a research study on 920 female MSMEs (micro, small, and medium enterprises) in Indonesia. The findings in this study suggested that the answer to their success might be something completely invisible: their mindset!<\/p>\n<p><b>The Power of Inner Strength<br><\/b>Within the research, this \u201cinner strength\u201d is known as psychological capital or PsyCap. It is defined as \u201can individual\u2019s positive psychological state of development\u201d. Within PsyCap, there are positive qualities such as self-efficacy, optimism, hope, and resilience. The study found that women MSME owners who believe in their ability to succeed, stay optimistic during setbacks, and keep persevering after failure tend to achieve better financial success.<\/p>\n<p>What makes PsyCap so powerful is that it also fuels what the researchers describe as entrepreneurial orientation. In simple terms, it is a mindset that is oriented towards seeking entrepreneurial opportunities. Entrepreneurial orientation guides how entrepreneurs make decisions and take action, and it often shows up through traits like innovativeness, risk-taking, autonomy, and proactiveness. Entrepreneurial orientation can be thought of as a bridge connecting psychological capital with real business results.<\/p>\n<p><b>Keeping up with the Modern World: Technology\u2019s Role<br><\/b>Technology once again becomes something that cannot be ignored. For women entrepreneurs, technology can open up a world of possibilities, like how they can expand their reach using social media or an online marketplace. The study did find that technology readiness\u2014how ready someone is to integrate technology into their day-to-day lives\u2014has also been found to be associated with better entrepreneurial performance and orientation. It comes as no surprise that technology can be very helpful in making things easier for business owners.<\/p>\n<p>However, it is also important to note that psychological capital has been found to have a bigger positive link compared to technological readiness when it comes to entrepreneurial performance or orientation. So, it is safe to say that while technology is important, the inner strength of these women is still the bigger driving force behind their success. Yes, technology can be very useful, but it cannot replace the role that character strength has. The key to their success is not the technology, but it is their inner strength, or in this context: PsyCap.<\/p>\n<p><b>Why This Matters<br><\/b>Women represent a large portion of Indonesia&#8217;s MSME sector, operating a variety of enterprises that account for over 60% of the nation&#8217;s GDP. Moreover, their enterprises offer a means of support for their households. This study indicates that every thriving female entrepreneur possesses not only access to digital resources but also significant inner resilience. Confidence, resilience, hope, and optimism have been shown to be the primary factors contributing to the financial success of women-led enterprises in Indonesia. Technology is beneficial, but it becomes significantly more powerful when combined with these psychological strengths.<br><span style=\"font-size: 1rem;\"><br>Policymakers, NGOs, and business support organizations must remember that while digitalization initiatives are crucial, their effectiveness will be limited unless they assist women in developing confidence and resilience. Training and support initiatives should emphasize not just teaching applications and platforms, but also nurturing the mindset that empowers women to succeed in a competitive market. Armed with resilience and technological preparedness, women entrepreneurs are more equipped to expand their ventures and, subsequently, boost the Indonesian economy.<\/span><\/p>\n<p>This article is based on the research from:<br>Kadiyono, A. L., &amp; Sulistiobudi, R. A. (2024). Linking psychological capital, technology readiness and entrepreneurial orientation to entrepreneurs\u2019 financial performance: A study of women MSMEs in Indonesia. Cogent Business &amp; Management, 11(1).&nbsp;<a href=\"https:\/\/doi.org\/10.1080\/23311975.2024.2413380\" target=\"_blank\" style=\"font-size: 1rem;\"><u>https:\/\/doi.org\/10.1080\/23311975.2024.2413380<\/u><\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>What does it take to make a business successful? How do you know if you have what it takes to succeed? This psychological research might have the answer you\u2019re looking for&#8230;.<\/p>\n","protected":false},"author":4,"featured_media":15294,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[67,56,35],"tags":[81,79,83,80],"class_list":["post-15293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-event-e","category-general","category-news","tag-fapsi-unpad-en","tag-psikologi-en","tag-universitas-padjadjaran-en","tag-unpad-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>From Mindset to Market: Valuable Lessons from Women in Business - Fakultas Psikologi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/psikologi.unpad.ac.id\/en\/from-mindset-to-market-valuable-lessons-from-women-in-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"From Mindset to Market: Valuable Lessons from Women in Business - Fakultas Psikologi\" \/>\n<meta property=\"og:description\" content=\"What does it take to make a business successful? 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