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Abstract
This research explores the influence of Human Resources Management (HR), Digital Technology, and Organizational Innovation on Optimizing Financial Management in the context of technology start-ups. Using the regression analysis method to test the hypothesis, this research found that these three elements have a positive and significant influence on financial management. The synergy between effective HR management, adoption of digital technology and organizational innovation has been proven to increase the efficiency and effectiveness of financial management. Good HR management contributes to increased innovation and adoption of digital technology, while digital technology supports the efficiency and accuracy of financial management through automation and data analysis. Organizational innovation helps companies offer unique value and differentiate themselves from competitors. This research also identifies that external factors such as market conditions and regulations can significantly influence financial results. These findings contribute to the development of managerial theory and practice by demonstrating the importance of an integrated approach that combines all three elements to achieve optimal financial management. This research provides strategic guidance for companies, especially technology start-ups, to design policies and strategies that support better financial management through synergy between HR, digital technology and organizational innovation.
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References
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- Armstrong, M., & Taylor, S. (2020). Armstrong's Handbook of Human Resource Management Practice. London: Kogan Page.
- Anderson, B. (2022). "The Impact of HR Management, Digital Technology, and Organizational Innovation on Financial Optimization in Tech Start-Ups," Journal of Technology Management.
- Brigham, E. F., & Houston, J. F. (2021). Fundamentals of Financial Management (15th ed.). Cengage Learning.
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- King, L. (2022). "Variables Affecting Financial Performance in Tech Start-Ups," Journal of Business and Technology.
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- Martin, S. (2022). "Proactive HR Policies and Organizational Innovation," Journal of Organizational Behavior.
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- Robinson, P. (2022). "Strategic Decision-Making and Technology Adoption," Journal of Strategic Management.
- Smith, J. (2019). The Impact of Technological Advancements on Education. Journal of Educational Technology, 15(3), 123-135.
- Smith, J. (2021). "Impact of Organizational Innovation on Financial Performance," Journal of Business Research.
- Taylor, K. (2022). "Adoption of Digital Technology in SMEs," Journal of Small Business Management.
- Thomas, A. (2021). "Training and Digital Technology Implementation," Journal of Technology in Society.
- White, D. (2021). "Integrating HR, Digital Tech, and Innovation for Financial Efficiency in Start-Ups," Technology and Innovation Journal.
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References
Adams, J. (2020). "The Impact of Employee Training on Managerial Financial Skills," Journal of Financial Management and Analysis.
Armstrong, M., & Taylor, S. (2020). Armstrong's Handbook of Human Resource Management Practice. London: Kogan Page.
Anderson, B. (2022). "The Impact of HR Management, Digital Technology, and Organizational Innovation on Financial Optimization in Tech Start-Ups," Journal of Technology Management.
Brigham, E. F., & Houston, J. F. (2021). Fundamentals of Financial Management (15th ed.). Cengage Learning.
Brown, A. (2022). "Innovation and Financial Performance: A Complex Relationship," International Journal of Business Studies.
Brown-Martin, G. (2017). Education and the fourth industrial revolution. Retrieved Accessed October 8, 2021, from https://www.groupemediatfo.org/ wpcontent /uploads /2017/12/final-Education-and-the-Fourth-Industrial-Revolution1-1-1.pdf.
Chesbrough, H. W. (2003). The Era of Open Innovation: Managing Intellectual Property. California: California Management Review.
Clark, R. (2021). "Effective HR Management and Financial Optimization," Journal of Business Finance.
Damanpour, F., & Aravind, D. (2012). Managerial Innovation: Conceptions, Processes, and Antecedents. Management and Organization Review, 8(2), 423–454. https://doi.org/10.1111/j.1740-8784.2011.00233.x.
Davenport, T., & Harris, J. (2017). Competing on analytics: Updated, with a new introduction: The new science of winning. Harvard Business Press.
Davis, M. (2021). "Organizational Innovation and Digital Technology Adoption," Journal of Digital Business.
Dessler, Gary. (2019). Human Resource Management. New York: Pearson. Fundamentals of Management. New York: Pearson. Guest, D.
Dyer, J., Gregersen, H., & Christensen, C. (2019). The Innovator's DNA: Mastering the Five Skills of Disruptive Innovators (2nd ed.). Harvard Business Review Press.
Evans, D. (2022). "External Factors Influencing Financial Management," Journal of Economic Perspectives.
Gallagher, D. R., & Segara, R. (2006). The performance and trading characteristics of exchange-traded funds. Journal of Investment Strategy, 1(2), 49–60.
Garcia, F. (2021). "Digital Technology and Financial Performance," Journal of Information Systems and Technology.
Gomber, P., Kauffman, R. J., Parker, C., & Weber, B. W. (2018). On the Fintech Revolution: Interpreting the Forces of Innovation, Disruption, and Transformation in Financial Services. Journal of Management Information Systems, 35(1), 220–265. https://doi.org/10.1080/07421222.2018.1440766
Hernandez, V. (2022). "The Role of Workforce Skills in Digital Financial Management," Journal of Technological Development.
Johnson, M. S., Skjerdingstad, N., Ebrahimi, O. V, Hoffart, A., & Johnson, S. U. (2020). Mechanisms of Parental Stress During and After the COVID-19 Lockdown : A two-wave longitudinal study. December 30.
Johnson, P. (2022). "Strategies for Organizational Innovation," Management Science Review.
Jones, L. (2020). "HR Management and Organizational Innovation," Human Resource Development Quarterly.
King, L. (2022). "Variables Affecting Financial Performance in Tech Start-Ups," Journal of Business and Technology.
Laudon, K. C., & Laudon, J. (2020). Management Information Systems: Managing TheDDigital Firm. In Management Information Systems: Managing the Digital Firm. Pearson
Laudon, K. C., & Laudon, J. P. (2022). Management Information Systems: Managing the Digital Firm (16th ed.). Pearson.
Lee, H. (2022). "The Effect of Control-Oriented HR Practices on Innovation," Journal of Innovation Management.
Lopez, M. (2022). "Digital Technologies and Financial Process Optimization," Journal of Finance and Technology.
Martin, S. (2022). "Proactive HR Policies and Organizational Innovation," Journal of Organizational Behavior.
Noe, R. (2017). Employee training and development. New York, NY: McGraw Hill Education. ISBN: 978-0078112850
Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2020). Human Resource Management: Gaining a Competitive Advantage (11th ed.). McGraw-Hill Education.
Pfeffer J. (1998) The Human Equation: Building Profits by Putting People First. Harvard Business School Press, Boston.
Robinson, P. (2022). "Strategic Decision-Making and Technology Adoption," Journal of Strategic Management.
Smith, J. (2019). The Impact of Technological Advancements on Education. Journal of Educational Technology, 15(3), 123-135.
Smith, J. (2021). "Impact of Organizational Innovation on Financial Performance," Journal of Business Research.
Taylor, K. (2022). "Adoption of Digital Technology in SMEs," Journal of Small Business Management.
Thomas, A. (2021). "Training and Digital Technology Implementation," Journal of Technology in Society.
White, D. (2021). "Integrating HR, Digital Tech, and Innovation for Financial Efficiency in Start-Ups," Technology and Innovation Journal.
Williams, T. (2020). "Fostering Innovation through Organizational Structure," Journal of Organizational Design.
Wilson, G. (2020). "HR Development and Digital Technology Adoption," Journal of Human Resources.