The Role of Collectivism's Innovation Capacity as a Predictor of Recovery in Industrial Estate Performance

This study aims to predict the recovery of the performance of industrial estates in the new normal conditions after the COVID-19 pandemic. The global manufacturing-industry supply chain network is predicted to experience a contraction of minus 2.43%, including in Indonesia, which also experienced a contraction of minus 3.24%, over the next three years. Population for this study- As many as 108 industrial estates exist in Indonesia as of December 2019. Of these, 35 industrial estates are located in the provinces of Jakarta, Banten, and West Java, or 32.4% of the population. The purposive sampling technique is used to identify a representative sample of the population. Data was collected from 250 company managers because of their important role in management and service to tenants. Questionnaires were distributed in the form of a Google Form from January to May 2021. The Collectivism Innovation Ability Test shows a positive and significant influence of exogenous variables on the performance of industrial estates, both simultaneously and independently. This implies that the industrial estate performance manager must consider actions based on values and norms, continue to learn, and create added value to achieve competitiveness through mutual agreements with companies. Through mutual stakeholder agreement, this study contributes to the collective development of a new model of innovation and knowledge management with a specific focus. According to the concept of collective innovation capability, exogenous variables (protecting minority investors, collective innovation capability, and ease of doing business) have a positive and significant effect on the performance of industrial estates, both simultaneously and independently.