USK Conferences, International Conference On Patchouli and Essential Oil Research Innovation 2023 (IConPEORI-2023)

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TECHNOLOGY-BASED ENTREPRENEURSHIP OF PATCHOULI OIL AS A MODEL FOR SUSTAINABLE ECONOMIC DEVELOPMENT
Vivi Silvia, Indra Indra, Syaifullah Muhammad, Ernawati Ernawati, Friesca Erwan, Raihan Dara Lufika, Uswatun Hasanah Nura

Last modified: 2023-10-18

Abstract


This study aims to analyze technology-based patchouli oil entrepreneurship model for sustainable economic growth in Aceh. This study delivers semi structure interview to obtain primary data, which involving 33 small and medium enterpreneurs (SMEs) of patchouli-oil based products in Provinsi Aceh based on purposive sampling technique. In data analysis stage, this study performs profit function and feasibility study indicators also statistic descriptive to obtain respondents insights on technology-based entrepreneurship design of patchouli oil-based products as a model for sustainable economic development. The results of this  study show that respondents agree with the development of technology-based entrepreneurship to add economic value to products so as to have an impact on the sustainable economy in Aceh. Therefore, a patchouli oil-based technology entrepreneurship model needs to be developed as a policy implication since it will increase SMEs income and has the potential for sustainable economic development.


Keywords


technology-based entrepreneurship, patchouli oil, SMEs, sustainable economy, economic growth