The Success of Halal Food MSME Business Growth: Application of Payment Technology and Spiritual Entrepreneurship

This chapter aims to evaluate the application of AI technology in the e-commerce industry and its impact on business growth and sustainability. The application of AI technology in e-commerce for convenient shopping, mapping of products, add-on product suggestions, delivery of the product, and promotion will help business growth and sustainability. Many major online sellers are integrating AI into their businesses to provide the best services, a wide range of products, and more accessibility to remote and rural areas. It will help to reach the unreachable and needy people in the country. It analyzes it to conclude that AI intervention positively impacts the business sustainability and growth of electronic commerce in India. This review-based research work followed a descriptive approach to articulate the paper with the support of existing literature. Based on the analysis, the present chapter provides appropriate suggestions for future development in the research area.

The primary issue of this study is the inadequate comprehension and optimal implementation of digital payment technology, digital marketing, and access to Islamic financing by halal food business actors in Indonesia. This impedes the expansion of sustainable halal food enterprises in developing countries, where technology and Islamic finance factors can significantly enhance the halal food industry's efficiency, market expansion, and sustainable competitiveness. The objective of the study is to enhance the current body of literature regarding the correlation between payment technology, digital marketing, and access to Islamic financing, with a specific emphasis on the expansion of sustainable halal food enterprises in developing nations, particularly Indonesia. SmartPLS 4.0 statistical software is employed in this quantitative investigation. Primary data was collected by selecting a sample of respondents, specifically halal food business actors in Indonesia, using a purposive sampling approach. In total, 250 samples were employed in this investigation. The Likert Scale was employed to evaluate the indications, and data were collected using Google Forms. The study's findings indicate that the development of sustainable halal food enterprises in developing countries in Indonesia is influenced by payment technology, digital marketing, and access to Islamic financing.

The country of Indonesia is now experiencing a business development in the culinary field, so that local restaurants or restaurants compete to rack their brains to provide good and unique services to increase the interest of their respective customers. In increasing customers, in addition to providing good service, restaurants / restaurants must also look at the market share / sociology of the Muslim community, so that the halal label is very sensitive to people's decisions in choosing restaurants / restaurants. Halal certificate is a written fatwah of the Indonesian Ulema Council (MUI) which states the halalness of a product in accordance with Islamic law. Due to the high public interest in halal food and drinks, there are also many parties or individuals who try to take advantage of this condition by falsifying or deceiving consumers by falsifying other people's halal certificates to be included on their own food and beverage products. The application of technology that is currently developing can also be used for all areas of daily life, especially in the field of culinary tourism, especially in the use of mobile-based technology, namely Android, especially now that people are already aware of mobile-based technology and are very dependent on every daily activity. can help the public and tourists in the city of Bengkulu in looking for halal certified culinary without having to be confused in looking for references, menus and the nearest place to be able to enjoy halal culinary. This application for finding halal restaurants in Bengkulu city was built as a means of facilitating the community, especially for local people and tourists who want to visit Bengkulu and look for halal food. The halal culinary application that is implemented in the city of Bengkulu can help the public and tourists in finding halal food and provide map guidance when they want to go to the destination using a map integrated with Google Maps from the location of the application user to the destination.

In the Moslem countries Halal food is one of the concerns and consideration before having the food, Halal food is not only food or beverage but more than how to serve and preparation according to the Islamic law. Restaurants or premises to serve the food must follow Halal food regulation and procedure and certified by authority, thus Halal certification at the premises is requirement for the Moslem peoples before having the food. Nowadays, many premises never apply and misuse Halal certification or never renew certificate according to authority regulation because of some reason such need to do inspection at the premise and need to pay some of money. In this paper propose the application of Near Field Communication (NFC) technology to premises Halal certification, with NFC chip attached into the Halal certificate shown at the premise then customer or authority easy to check authentication of Halal certificate hold by premise. Today, smart phone is common to the people and everybody has it for phone call, internet access or furthermore to do some application such mobile payment etc. Nowadays, most of smart phone attached with NFC enable with extra feature to apply in Halal food authentication, an application software is design to the customer and can be download at authority website then by tap to the Halal certificate that embedded with an NFC chip, customer can see whether Halal certificate is authentic or not. Another advantages this system is authority easy to spot check, either Halal certificate have been renew or authentic by premise is just tap by mobile phone or handheld reader then connect to authority database.

Halal food is gaining attention among Muslims and non-Muslims alike due to its nature of ensuring food is free from any impurities or contamination and hygienically prepared. The growing demand for Halal food has resulted in several food-producing companies to certify their products as Halal. However, with existing supply chains, there is no authenticity of these products being Halal. To ensure Halal food authenticity, the technology of blockchain is proposed as a viable solution. In this chapter, the applicability and usability of blockchain technology in food supply chain management systems is studied and highlighted. The study depicts that how trackability and traceability of the blockchain networks can effectively aid in maintaining the Halal integrity of food products by presenting various use cases. Technological shift for food supply chains over blockchains will result in more transparent, secure, and resilient supply chains. This will bring variety of health and economic benefits to food producing business and consumers.

Information technology makes it easier for humans to carry out various activities, including producing, processing, and disseminating information. Information technology that continues to develop brings big changes for MSMEs in which the existence of MSMEs is believed to make a substantial contribution to the economy in Indonesia. In its development, MSMEs experience many challenges to maintain their business continuity. The application of information technology is believed to help MSMEs increase their income and maintain MSME business continuity. This study aims to find out how the application of information technology can increase the income of MSMEs. This study used primary data, namely data obtained from the source directly through a questionnaire/questionnaire. The results showed that the application of information technology had a positive impact on increasing MSME income. The sign value showed 0.000 < 0.05. The conclusion was that H1 is accepted, meaning that the application of information technology affected the income of MSMEs in Seberang Ulu 1 Palembang District. MSMEs that have used information technology could increase their income by 15% -25% per month, which was a new advantage for MSME actors. Applying information technology to MSMEs has proven to help MSMEs survive amid the Covid-19 pandemic, which weakens the business world. With this information technology, MSMEs can bounce back and meet customer needs. Constraints in this research are time and the object of research. This research can be used as further research in the future by adding some relevant variables.

Abstrac : The role of MSMEs in many developing countries such as Indonesia has difficulty in increasing their output because they are unable to compete with online stores. Pricing strategy is a way to maintain the liquidity of a company. Utilization of Information Technology in MSMEs is needed considering the low utilization of Information Technology caused by low understanding of the benefits of Information Technology. Marketing strategies must be applied to small and medium-sized businesses so that their trade turnover remains stable with innovations and new breakthroughs being carried out. The purpose of this study was to determine the effect of pricing strategies, application of technology, and entrepreneurial ability on MSME business performance. The research method was conducted by distributing questionnaires to 110 respondents and using 4 hypotheses. Several tests were conducted including validity test, reliability test, nromality test, multicollinearity test, heteroscedasticity test, coefficient of determination Test, T test and F test. The final result of the study is from the coefficient of determination test has an adjusted R square of 0.602 means that 60.2% of the three variables can explain the variance of business performance variables, for the remaining 39.8% explained other variables. From the calculation of F obtained F count value 56,000 greater than F table 2.69 means that the variable price strategy, application of technology, and entrepreneurial ability have a simultaneous effect on business performance

PurposeThis paper examines how digitalization can affect three aspects of firm growth. The specific objectives are as follows: (1) to increase understanding of how digitalization affects pre-factors for growth, (2) to examine how digitalization transforms the growth process, especially growth strategies and (3) to examine how digitalization is apparent in the outcome of growth.Design/methodology/approachWe explore six Finnish growth companies in order to understand the relationship between digitalization and growth. We used qualitative data collection and the Digimat measurement test for analyzing patterns, themes and best practices to generate a deeper understanding of the impact of digital technologies on business growth and growth strategies in these companies.FindingsWe propose that business growth includes three aspects of growth: pre-factors of growth, growth as a process and growth as an outcome. Digitalization may affect all of these aspects and strategic flexibility can affect business growth. Digitalization and strategic flexibility are intertwined; strategic flexibility enables the application of new technology, and digitalization enables flexibility.Practical implicationsBuilding on the results of the case studies, this research identifies relationships between digitalization, business growth and strategic flexibility.Originality/valueThis paper contributes to the growing literature on digitalization, providing new insight into its relation to business growth.

In the twenty first century Africa has seen an increased momentum and an infusion of economic vibrancy in various sectors of the economy. In most of the countries there has been the development of a strong private sector participation in business and the application of technology in business is introducing new opportunities. The face of business is changing as the new impetus is redefining new relationships with customers. One major contributor to GDP growth in Africa is Tourism. Africa is endowed with many natural and beautiful tourist attractions. However this natural endowment alone is not enough to bring about growth and revenue so desired by investors. Managers in the Tourism sector must therefore give investors value for money by embarking on innovative growth strategies. Ansoff growth Strategies have been identified in marketing literature to provides insights for understanding and growing businesses. They include the market penetration strategy, market development strategy, product development strategy and diversification strategy. This study seeks to examine how innovating Ansoff growth strategies can bring about customer retention and business growth in the Hotel Industry in Ghana and Africa. The study will be conducted using in-depth interviews with management of ten leading hotels and customers in Ghana. Secondary data on tourism from other African countries such as South Africa will be used. Thematic and content analysis will be used to analyze both secondary and primary data. The study seeks to find how innovating Ansoff growth strategies could bring about sustainable competitive advantage in the Tourism Sector in Ghana and Africa. The tourism sector is developing very fast and studies in this area are laudable. Also it will contribute to existing literature on tourism marketing management from a developing country perspective. Managers in the tourism sector will know which strategies work and why. There is very little research on innovative marketing strategies development in Ghana and Africa as a whole. This is an exploratory study on the application of Ansoff growth strategies within the African Tourism development context. Findings will also serve as a guide for both local and foreign investors and policy makers. The competitive environment in which tourism firms operate requires that business leaders/investors have good market information in order to build capabilities to win on the market.

Financial technology (Fintech) is proof the development of digital technology that provides innovation in the form of a financial service provider, it certainly will affect economic growth in Indonesia. Fintech in Indonesia has not been fully utilized by the public especially Fintech Sharia Peer to Peer Lending. widespread activity based on digital creates challenges and opportunities to develop businesses / businesses for MSMEs, challenges faced by one of them MSME mindset that is not yet in tune with technological developments. MSME businesses can access Islamic financial services products and apply for financing directly without having to go to Islamic finance offices. With this like then can increase financial inclusion and encourage MSME business growth. Using a method Analytic Network Process (ANP) of this research try to decipher the factors which affects the growth of the MSME business MSMEs in the form of Benefit, Opportunity, Cost, Risk criteria and formulate Strategy as acceleration optimize the role of fintech sharia peer to peer lending in encouraging the growth of the MSME business. The results of the analysis of data processing shows the cluster opportunity criteria be the main factor which can given fintech sharia peer to peer lending to encourage the growth of the MSME and the followed by the Benefit, Cost and Risk criteria. Financial education and socialization to MSMEs became the highest agreement of the experts as an effort to optimize the role fintech sharia peer to peer lending in encouraging the growth of the MSME.

Cogreg Village in Parung District, Bogor Regency, has great potential in the micro, small and medium enterprise (MSME) sector, especially through the Kemuning Mandiri UKM which operates in the field of processed catfish and snacks. However, these SMEs face various challenges such as inadequate product packaging, limited marketing, and low awareness and knowledge about work safety (K3). These problems hinder competitiveness and business growth. This research aims to implement solutions in the form of socialization, training and application of sealer technology to improve product quality, work safety and production efficiency. Through the stages of socialization, training, technology application, mentoring, and program sustainability, the results achieved show a significant increase in technical knowledge and K3 practices, optimization of product packaging, and expansion of business networks. Before the intervention, products were packaged manually with low shelf life and limited marketing. After training, products have better, consistent and safer packaging quality, and there is an increase in partners' understanding of the importance of SOP and K3. This program not only increases product competitiveness but also contributes to strengthening the local economy. Thus, this research makes a real contribution in increasing the capacity and quality of Kemuning Mandiri UKM products in a sustainable manner

The food supply chain, a complex network of interconnected systems, faces numerous challenges, including food safety, traceability, and sustainability. Blockchain technology, with its inherent properties of immutability, transparency, and security, offers a promising solution to address these challenges. This systematic literature review aims to explore the current state of research and identify emerging trends in the application of blockchain technology to food supply chains. A comprehensive search of the Scopus database yielded 825 articles published between 2017 and 2023. The analysis focused on 161 articles that met specific inclusion criteria. Key themes identified in the literature include traceability, sustainability, food safety, halal food, and circular economy. Blockchain technology offers the potential to enhance transparency, efficiency, and sustainability in the food supply chain by enabling real-time tracking, reducing food waste, and ensuring food safety. The bibliometric analysis revealed a growing research community, with India emerging as a significant contributor. International collaboration is crucial for advancing the field and sharing knowledge. Future research directions include interdisciplinary collaboration, standardization, security, consumer education, and scalability. This study contributes to advancing these research directions by providing insights that enable researchers and industry practitioners to harness the full potential of blockchain technology in fostering a more efficient, transparent, and sustainable food supply chain.

Financial technology research: Past and future trajectories

The application of innovation and new technology within product and service industries is widely accepted amongst researchers and practitioners as a major contributor to achieving and sustaining competitive advantage. Increasingly, firms are placing innovation and the acquisition of knowledge at the core of their business strategies, especially knowledge associated with innovation and product or service design. Innovations coupled with new and emerging technologies are providing the means to enter new markets at lower costs thus reducing the barriers to entering a particular market. This chapter offers a conceptual view of how innovation and technology impact on business growth by reviewing innovation in the context of innovation process and internal strategic capabilities. The chapter also builds on our current understanding of globalisation and its impact on business growth.

Digital technologies are putting tremendous pressure on businesses to renew and transform their business models. The transformation of business models using digital technologies will lead the businesses to innovate themselves digitally. To improve operational efficiency, customer engagement, and launch successful new products, every organization must innovate. The application of new digital technologies to solve existing business problems and improve organizational practices is known as digital innovation. Digital innovation has become critical to the long-term viability and growth of businesses. To stay relevant and competitive, any company aiming for long-term success should embrace digital innovation. This chapter tries to find out the existing definitions of digital innovation from socio-technical perspectives regarding product, service, process, digital system, organizational innovation, and business models and tries to develop a framework to organize digital innovation research.