Abstract
The concept of ‘Basuduai’ on cattle breeding investment has been popularly implemented in West Sumatra for decades. Currently, this partnership modelling is still implemented in several villages and rural areas. This study aims to describe ‘basuduai’ as a socio-entrepreneurship approach in a simple descriptive method using the Business Model Canvas (BMC). Perhaps this model could also be implemented in other rural areas as an economic development approach. The data was collected through ten in-depth interviews and two focus group discussions (FGD) among the local partners in Payakumbuh, West Sumatra. Content and context analysis is conducted to describe the categorical theme for results analysis. The finding shows that cattle breeding investment as the 'Basuduai' system is an indigenous approach in the local community in West Sumatra. However, based on the business model canvas, the role of community leader should be prioritized to balance the system. Hence, the need for a formal socio entrepreneurship entity as the middleman should be developed. Perhaps, this study could contribute to the development of rural economic programs and could be replicated in other rural areas in Indonesia and also in other countries. Discussion and limitations are also stated in the study Keywords: Partnership Investment, Cattle Breeding, Business Model Canvas, Socio-Entrepreneurship, Economic Development, Economic EmpowermentJEL Clasification: L20, P32, R51
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Journal of Business and Political Economy : Biannual Review of The Indonesian Economy
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.