The Impact of Social Media Analytics on SME Strategic Decision Making

Authors

  • Dimas Nugroho Darmajaya Institute of Informatics and Business
  • Putri Angela Bina Nusantara University

DOI:

https://doi.org/10.34306/itsdi.v5i2.664

Keywords:

Social Media Analytics, SMEs, SmartPLS 4.1, Marketing, Business Environment

Abstract

In the digital age, the emergence of social media has transformed the operational landscape of small and medium enterprises (SMEs). Recognized as a tool that generates comprehensive insights, social media analytics supports strategic decision-making. However, the concrete impact of social media analytics on strategic decisions in SMEs still requires further exploration. This study aims to assess the impact of social media analytics on strategic decision-making in SMEs, considering mediating variables such as organizational innovation and adaptability. Employing Structural Equation Modeling (SEM) with SmartPLS 4.1 software, the study analyzed data collected from 200 SMEs actively using social media for operations and marketing. The findings reveal that social media analytics significantly enhances organizational innovation and adaptability, which in turn positively affects strategic decision-making. This analysis underscores the importance of social media as a strategic resource in a dynamic business environment. The study provides valuable insights for SME owners on the critical role of social media analytics in enhancing strategic decisions. Theoretically, it extends the literature on social media analytics and strategic management within the SME context. Practically, the results serve as a foundation for SMEs to integrate social media analytics technology into their decision-making processes, thereby boosting adaptability and innovation in their operations.

Downloads

Download data is not yet available.

References

H. Smith and K. Fotheringham, “Artificial intelligence in clinical decision making: Rethinking liability,” Medical Law International. journals.sagepub.com, 2020. doi: 10.1177/0968533220945766.

K. de F. Licht and J. de F. Licht, “Artificial intelligence, transparency, and public decision making: Why explanations are key when trying to produce perceived legitimacy,” AI & society. Springer, 2020. doi: 10.1007/s00146-020-00960-w.

A. Di Vaio, R. Hassan, and C. Alavoine, “Data intelligence and analytics: A bibliometric analysis of human Artificial intelligence in public sector decision-making effectiveness,” Technological Forecasting and Social …, 2022, [Online]. Available: https://www.sciencedirect.com/science/article/pii/S004016252100634X

W. C. Murray and M. R. Holmes, “Impacts of employee empowerment and organizational commitment on workforce sustainability,” Sustainability, vol. 13, no. 6, p. 3163, 2021.

N. Lutfiani, U. Rahardja, and K. T. Khasanah, “The Development Viewboard As an Information Media at Official Site Asosiation,” APTISI Transactions on Management (ATM), vol. 6, no. 1, pp. 10–18, 2022.

B. P. K. Bintoro, N. Lutfiani, and D. Julianingsih, “Analysis of the Effect of Service Quality on Company Reputation on Purchase Decisions for Professional Recruitment Services,” APTISI Transactions on Management (ATM), vol. 7, no. 1, pp. 35–41, 2023.

D. Julianingsih, A. G. Prawiyogi, E. Dolan, and D. Apriani, “Utilization of Gadget Technology as a Learning Media,” IAIC Transactions on Sustainable Digital Innovation (ITSDI), vol. 3, no. 1, pp. 43–45, 2021.

P. Onu and C. Mbohwa, “Industry 4.0 opportunities in manufacturing SMEs: Sustainability outlook,” Mater Today Proc, 2021, [Online]. Available: https://www.sciencedirect.com/science/article/pii/S2214785320397807

J. Amoah, A. B. Jibril, B. N. Luki, M. A. Odei, and C. Yawson, “BARRIERS OF SMES’SUSTAINABILITY IN SUB SAHARAN AFRICA: A PLS SEM APPROACH: Reference: Amoah, J., Jibril, AB, Luki, BN, Odei, MA & Yawson, C.(2021). Barriers of SMEs’ sustainability in sub-saharan Africa: a pls-sem approach. International Journal of Entrep,” International Journal of Entrepreneurial Knowledge, vol. 9, no. 1, pp. 10–24, 2021.

X. Hu et al., “Relationship between green leaders emotional intelligence and employees green behavior: a PLS-SEM approach,” Behavioral Sciences, vol. 13, no. 1, p. 25, 2023.

H. Hosnaidah, M. Anshori, and N. Andriani, “Integration of Innovative Concepts in Improving Organizational Competitiveness: Systematic Literature Review,” Economic and Business Horizon, vol. 2, no. 3, 2023.

E. S. Aisyah, E. P. Harahap, and N. Salsabila, “The Effect Requirements Selling In The Marketplace For Security Against Buyer Trust,” Aptisi Transactions On Management, vol. 4, no. 1, pp. 67–75, 2019.

G. Handiwibowo, A. Nasution, Y. Arumsari, and R. Astuti, “Strategic fit implication of technological innovation capabilities for SMEs with new product development,” Management Science Letters, vol. 10, no. 12, pp. 2875–2882, 2020.

P. Ahokangas, L. Haapanen, I. Golgeci, A. Arslan, Z. Khan, and M. Kontkanen, “Knowledge sharing dynamics in international subcontracting arrangements: The case of Finnish high tech SMEs,” Journal of International Management, vol. 28, no. 1, p. 100888, 2022.

U. Rahardja, “Blockchain Education: as a Challenge in the Academic Digitalization of Higher Education,” IAIC Transactions on Sustainable Digital Innovation (ITSDI), vol. 4, no. 1, pp. 62–69, 2022.

S. Althnayan, A. Alarifi, S. Bajaba, and A. Alsabban, “Linking environmental transformational leadership, environmental organizational citizenship behavior, and organizational sustainability performance: A moderated mediation model,” Sustainability, vol. 14, no. 14, p. 8779, 2022.

L. Cahyadi, W. Cahyadi, C. C. Cen, L. Candrasa, and I. Pratama, “HR practices and Corporate environmental citizenship: Mediating role of organizational ethical climate,” Journal of Positive School Psychology, vol. 6, no. 2, pp. 3083–3100, 2022.

A. I. L. Wibowo, A. D. Putra, M. S. Dewi, and D. O. Radianto, “Differences In Intrinsic Value With Stock Market Prices Using The Price Earning Ratio (Per) Approach As An Investment Decision Making Indicator (Case Study Of Manufacturing Companies In Indonesia Period 2016-2017),” Aptisi Transactions On Technopreneurship (ATT), vol. 1, no. 1, pp. 82–92, 2019.

O. A. D. Wulandari and D. Apriani, “Sustainable Institutional Entrepreneurial Culture and Innovation For Economic Growth,” APTISI Transactions on Management, vol. 7, no. 3, pp. 221–230, 2023.

S. Purnama and C. S. Bangun, “Strategic Management Insights into Housewives Consumptive Shopping Behavior in the Post COVID-19 Landscape,” APTISI Transactions on Management, vol. 8, no. 1, pp. 71–79, 2024.

R. Rialti, L. Zollo, A. Ferraris, and I. Alon, “Big data analytics capabilities and performance: Evidence from a moderated multi mediation model,” Technological Forecasting and Social …, 2019, [Online]. Available: https://www.sciencedirect.com/science/article/pii/S0040162519311242

S. Gao, L. He, Y. Chen, D. Li, and K. Lai, “Public perception of artificial intelligence in medical care: content analysis of social media,” Journal of Medical Internet Research. jmir.org, 2020. [Online]. Available: https://www.jmir.org/2020/7/e16649/

O. Araque, G. Zhu, and C. A. Iglesias, “A semantic similarity based perspective of affect lexicons for sentiment analysis,” Knowl Based Syst, vol. 165, no. xxxx, pp. 346–359, 2019, doi: 10.1016/j.knosys.2018.12.005.

P. Morawiec and A. Soltysik-Piorunkiewicz, “Cloud computing, Big Data, and blockchain technology adoption in ERP implementation methodology,” Sustainability, vol. 14, no. 7, p. 3714, 2022.

Downloads

Published

2024-03-01

How to Cite

Nugroho, D., & Angela, P. (2024). The Impact of Social Media Analytics on SME Strategic Decision Making. IAIC Transactions on Sustainable Digital Innovation (ITSDI), 5(2), 169–178. https://doi.org/10.34306/itsdi.v5i2.664

Issue

Section

Articles