Economic Business Research Articles

Circular Economy Business Model in the Construction Industry: A Systematic Review

The construction business environment is becoming competitive and intense, and Business Models (BMs) are receiving considerable attention as potential sources of sustainable survival and growth. Converse to the Linear Economy (LE) model that industry follows, the Circular Economy (CE) model has the potential to create a sustainable construction industry while also creating a sustainable business environment in construction organisations. Nevertheless, in traditional BMs, value is often concentrated on the financial value for the stakeholders; in the Circular Economy Business Model (CEBM), value is seen more broadly by considering a comprehensive range of value chain partners, the environment, and society. Hence, implementing the CE in the construction industry requires reforms in each value chain. Thus, the aim of this paper is to develop a conceptual model for construction organisations’ adoption of CEBM for their organisations. To accomplish this aim, the objectives of this paper are twofold: (i) to define the concept of CEBM and (ii) to map a conceptual Circular Economy Business Model Canvas (CEBMC) that is applicable in the construction organisational context. This research adopted a systematic document review, including a content analysis of selected papers. This study contributes significantly by proposing a CEBMC where construction organisations can successfully transform their businesses from linear to circular environments.

Department of Management, Faculty of Business Economics, Universitas Muhammadiyah Jember

The supply chain of mining businesses listed on the Indonesia Stock Exchange (IDX) has declined due to the significant impact brought about by the uncertainty of an increasingly complex world economic climate. This study aims to determine the relationship between interest rates, inflation, currency exchange rates, stock returns, and firm value. Structural Equation Modeling (SEM) analysis was conducted to decipher the data in this study. The research findings show that the mining industry in Indonesia is highly influenced by macroeconomic factors, especially interest rates, inflation, and exchange rates. The negative relationship between interest rates and inflation negatively affects stock returns and firm value. Meanwhile, it increased the rupiah's value positively and significantly influenced stock returns and business value. Higher stock returns can increase the value of mining companies listed on the Indonesia Stock Exchange (IDX).

ANALYSIS OF MARKETING COMMUNICATION STRATEGIES IN INCREASING BRAND AWARENESS

Changes in the lifestyle of the millennial generation who now like to drink coffee with friends have an impact on the business economy with the emergence of new coffee shops in Indonesia with a variety of names and products. Marketing communication strategy is important for companies. To survive in the market, companies need to organize effective and appropriate corporate strategies. This research aims to find out the strategy. The The locus of this research at Kopi Janji Jiwa Opi Mall Palembang Branch Jl. Governor H. A Bastari, Sungai Kedukan, South Sumatra The sample of this study amounted to 50 respondents. The type of research used in this research is descriptive qualitative using descriptive statistical data analysis techniques and interactive analysis techniques. The results showed that Kopi Janji Jiwa maximizes marketing communication strategies through digital marketing strategies by carrying out the PENCILS concept (Publications, Events, News, Community Involvement, Identity Media, Lobbying, and Social Investment) and digital media strategies. In the brand awareness pyramid level, Kopi Janji Jiwa has not reached the top of mind level but Brand Recall.

Edukasi Dan Sosialisasi Ekspor Dan Impor Pada Pelaku Usaha Ekonomi Kreatif dan PKK di Depok Jawa Barat

This paper discusses the important role of education and socialization in the context of exports and imports for creative economy entrepreneurs and PKK in Depok, West Java. In the era of globalization, understanding the export and import process is the main key in developing local economic potential. This paper focuses on educational efforts and socialization activities that can provide in-depth understanding to business actors regarding the benefits, regulations, and opportunities related to exports and imports. The learning method is in the form of a face-to-face seminar between all participants and facilitators held at Griya Sakinah Kav. Tanah Baru, Beji Depok, West Java. The emphasis is on practical, theoretical, as well as case knowledge and provides opportunities for participants to ask questions about exports and imports. Thus, participants better understand the export and import processes and procedures effectively. The expected result of this education and socialization is that participants gain comprehensive knowledge about exports and imports, help improve participants' skills, allowing them to utilize international markets more efficiently. This socialization is an important factor in shaping positive perceptions of export and import activities, as well as building networks that support the exchange of information and experience between business actors. Through this community service activity, it is expected to be an opportunity for creative economy business actors and PKK in Depok related to exports and imports so as to realize capacity building and active participation in international trade.

RURAL DEVELOPMENT TO CREATE INCLUSIVE ECONOMIC GROWTH

Rural development programs have been implemented in a number of ASEAN member countries, although as a separate priority and not as a complement to industrialization. These steps help increase growth and job creation in rural areas. This, in turn, paves the way for poverty alleviation in rural areas. The research objective that can be expressed is to analyze the influence of village development, village community creativity, BUMDes and creative economic efforts in the village, on the village's inclusive economic growth. The following conclusion was obtained: With accelerated village development, inclusive economic growth will be achieved in accordance with the ultimate goal of development. 1) By developing BUMDES in each village, business opportunities will be opened, absorbing labor and this will have an impact on the level of income and welfare of the community; 2) As the creativity of the village community increases, this will encourage village economic activities and have an impact on the village's original income and the economy of the village community. 3) Developing creative economic businesses as a way to open up job opportunities in the village by utilizing human resources in the village, so that this will increase family income and the village economy. The recommendation that can be given is that accelerating village development is very beneficial for village communities, especially in providing village infrastructure. Therefore, village development funding needs to be increased in order to foster: 1) village creativity, 2) BUMDES and 3) creative economic efforts, in order to increase inclusive economic growth in villages.

Entrepreneurship in the sharing economy: A review of business models and social impacts

The emergence of the sharing economy has fundamentally transformed conventional company structures, presenting novel prospects for entrepreneurs and questioning existing conventions across diverse industries. This study offers an extensive examination of entrepreneurship within the sharing economy, delving into various company models and scrutinising its societal ramifications. The sharing economy, which involves peer-to-peer transactions mediated by internet platforms, has seen the rise of new entrepreneurial businesses. This paper explores the diverse and complex nature of sharing economy business models, encompassing various platforms such as ride-sharing, accommodation-sharing, asset-sharing, and skill-sharing. A thorough examination of each model to explore the fundamental concepts, operational processes, and crucial aspects that contribute to entrepreneurial success in this rapidly changing environment is being explored. This study examines the impact of different business models on consumer behaviour, market dynamics, and social developments. The assessment examines the good and negative outcomes, taking into account factors such as improved efficiency in resource utilization, economic empowerment of individuals, and potential difficulties linked to regulatory issues, labor rights, and market competitiveness. This paper focuses on the essential role of technology and digital platforms in promoting entrepreneurship within the sharing economy. Through an analysis of the impact of digitalization on market accessibility, trust mechanisms, and scalability, the role of technology as a driver for entrepreneurial innovation and expansion is emphasized. Additionally, it analyses the impact of regulatory frameworks on entrepreneurial activity, investigating the difficult balance between stimulating innovation and maintaining consumer protection, fair competition, and social equality. In conclusion, this research gives useful insights into the entrepreneurial environment of the sharing economy, presenting a comprehensive knowledge of diverse business models and their societal implications. By putting light on both opportunities and problems, thereby contributing to the current conversation on the role of entrepreneurship in determining the future of the sharing economy and its consequences for society at large.

Scaling circular economy business models: A capability perspective

AbstractIn a context of growing environmental challenges, circular economy (CE) business models appear necessary for business to contribute positively to the ecological transition. While platform business models have been identified as a new and promising model in CE, we still lack a fine‐grained understanding of the critical capabilities involved in developing and scaling them. To fill this gap, we build on a single case study of Phenix, a French‐based fast‐growing start‐up in the food industry, tackling the issue of food waste. We identify three core managerial capabilities involved in the successful scaling of Phenix's business model. In addition to ecosystem orchestration capabilities, we identify two types of ambidextrous capabilities – forms of ambidexterity operating both at the organizational and at the institutional level. Our analysis highlights the importance of considering these capabilities in a bundle as they collectively contribute to the performance and scaling potential of the business model. We also call for an increased consideration of the role of institutional factors in shaping opportunities to design and scale profitable business models.

The Influence of Online Learning During the Covid-19 Pandemic and Parents' Attention to the Interest in Learning Business Economics for Class X PM Students of SMK PGRI 2 Denpasar

This study aims to determine 1) the influence of conscious learning during the Covid-19 pandemic on the interest in learning business economics for class X PM SMK PGRI 2 Denpasar students. 2) The influence of parents’ attention on the interest in learning business economics for students of class X PM SMK PGRI 2 Denpasar. 3) The influence of online learning during the Covid-19 pandemic and parents’ attention to the interest in learning business economics of class X PM SMK PGRI 2 Denpasar students. This research is ex post facto research and was carried out at SMK PGRI 2 Denpasar in class X PM majoring in business economics with a total population of 68 students. The data in this study were obtained using questionnaires. The analytical techniques used in hypothesis testing are simple linear regression analysis techniques and multiple linear regression analysis techniques. The results of the analysis showed that: (1) Online learning during the Covid-19 pandemic had a significant effect on students’ learning interests, and this was proven that the calculation of 18,627 was greater than the ttabel of 1668 (18,627 > 1668), and a significant value of 0.000 was smaller than 0.05 (0.000 < 0.05). (2) Parental attention also has a significant effect on students’ learning interest, where the calculation of 13,005 is greater than the ttabel of 1668 (13,005 > 1668) and a significant value of 0.000 is less than 0.05 (0.000 < 0.05). (3) Online learning during the Covid-19 pandemic and parental attention has a significant effect on student learning interest and this is evidenced where the calculation of 294,096 is greater than the ftabel of 3.14 (294,096 > 3.14), and has a significant value of 0.000 less than 0.05 (0.000 < 0.05). So that the proposed null hypothesis is rejected and the alternative hypothesis is accepted, which showed that there was a significant influence of online learning during the Covid-19 pandemic and parents’ attention to the interest in learning business economics of class X PM STUDENTS OF SMK PGRI 2 Denpasar. Meanwhile, the amount of contribution of free variables to bound variables was 0.897 or 89.70%, while the remaining 10.30% were influenced/explained about other factors that were not included in this study.
 Keywords: online learning during the Covid-19 era, parents’ attention, interest in learning

Circular Economy Business Model in Integrated Waste Management to Encourage Self-reliance in Jongbiru Village

The circular economy has been expected to be an effort to build a competitive and sustainable society. This study aims to develop a circular economy-based business model for waste management in Jongbiru Village, Kediri Regency. The research method used is descriptive-qualitative by developing a sustainable business model innovation framework. The model used is a development of the Business Model Canvas (BMC) by involving business aspects of the environment. The research data were collected through observation and interviews at the location of the research object. The results showed that the waste disposal site (TPS) in Jongbiru Village had implemented a circular economy business with the 3R principle (reduce, reuse, and recycle), which was managed independently. However, there are shortcomings in long-term planning and efforts related to the role of the community. Moreover, the findings in the field also show the potential that needs to be optimized through supporting facilities and social capital. The implications of this research encourage the role of stakeholders in planning the long-term development of business projects with a community engagement approach.
 Keywords: village self-reliance, circular economy, social capital, business model canvas

Strategi Pemberdayaan Masyarakat Melalui Inovasi Ekonomi Kreatif

The creative economy is considered to have a strategic role in national economic development, where the creative economic system is believed to be a problem solver in the global economy. Because apart from playing a role in economic growth and employment absorption and being able to survive amidst unfavorable economic conditions/monetary crisis. Apart from that, the contribution of the creative economy sector to the development of the Indonesian economy includes, among other things, increasing GDP. This research data consists of primary data and secondary data. The population in this research is all creative economy business actors in Kemiling District. The sample uses Purposive Sampling. As for the results of this research, community empowerment can be carried out through the awareness stages, the Understanding stage, the utilization stage and the Use of Results stage.

Analysis of Transformation from Brokerage Business to Wealth Management Business of Huatai Securities

Seen from the Chinese securities companies 2023 half annual report , the first half of the performance is generally better, but the brokerage business is greatly affected by the market, the overall performance has declined , 54 of 57 data comparable securities companies growth rate is negative. This study will take the general decline of brokerage business performance of securities companies as the starting point, and Huatai Securities brokerage business has gradually transformed into wealth management business, so the analysis of Huatai Securities business as a research example is supported. Driven by social factors and internal factors, Huatai Securities should deepen its wealth management reform and analyze its weaknesses and opportunities from its own perspective. Meanwhile, this study gives suggestions for improvement, which can inspire the securities companies facing the same predicament to learn from the relevant experience and make prospects for development of Chinese securities companies. These results help China's brokerage economic business out of the development dilemma, to seek an organic combination of brokerage business and wealth management business, and to promote the prosperity of the securities industry.

Strategi Koperasi dalam Pemberdayaan UMKM Koperasi Bona Mandiri Jaya

Micro, Small and Medium Enterprises or abbreviated UMKM are businesses carried out by the community and refer to productive economic businesses owned by individuals or business entities in accordance with the criteria stipulated by Law no. 20 of 2008. Referring to North Sumatra BPS data, the economic census in 2016 revealed that the percentage of non-agricultural MSEs according to business status, 98.84 percent of micro-small businesses and 1.16 percent (Percentage of Non-agricultural MSEs by Business Status, 2016) are medium-sized businesses. big. The method used in this study is a qualitative approach based on descriptive analysis. Based on the analysis of the results of the discussion that in carrying out the empowerment carried out by the Office of Cooperatives and Small and Medium Enterprises with Stephen P. Robbins' Strategy Theory indicators, the process is still quite good.

Business Digital Transformation in The Perspective of Business Competition Law

Purpose: This study aimed to enhance public knowledge of the seamless digitalization of business toward more effective outcomes based on the perspective of business competition law. Methods: The approach used was a normative and descriptive study approach. Results and Conclusion: The results showed that digital transformation enhanced business efficiency and provided companies with new perspective on profit management. The prevalence of digital competition became apparent through the widespread establishment of marketplaces and platform-based businesses, which aimed to provide consumers with attractive bargains in order to achieve their intended profit objectives. Research implications: Digital transformation, comprising various life aspects, is revolutionizing the online business economy, offering a modern alternative process for gaining profits. Originality/value: The advent of digital business transformation has engendered a range of effects, encompassing both favorable and unfavorable outcomes, so warranting meticulous deliberation.

The Sustainability of Reskilling Projects Based on Employees’ Readiness for a Career Shift: Pursuing Sustainable Careers by Transitioning into IT Professions

Today’s organizations are highly responsive to external changes, which they also demand from their employees. All employees need competencies to respond to Industry 4.0, the green business economy, and post-COVID-19 work circumstances and to manage sustainable careers. One way of doing so is to take active part in reskilling projects and be ready for a career shift, which we believe can be foreseen in people’s devotion to sustainable careers and can ensure the sustainability of the whole reskilling project. With the presumption that the concept of sustainable careers can be captured in terms of the concept of readiness for a career shift, this study aims to explore the potential of the scale of readiness for career shifts to predict participants’ success in reskilling projects (in the context of IT professions). The research was conducted on 336 candidates who applied for Java and PHP programming positions and had no previous knowledge or experience in the field. The results show that the scale of readiness for career shifts has acceptable metric characteristics, and canonical discriminant analysis confirmed that the overall score can be used to predict outcomes in the reskilling project, while predictions based on single indicators were rather ambiguous. Therefore, the scale can be used as a tool in the process of selecting reskilling candidates (at least in professional transitions in the domain of IT), but further research on the topic might shed more light on the concept.

Peningkatan Kemampuan Manajemen Usaha Mikro Kecil dan Menengah Desa Merangkai dalam Pengelolaan Usaha Ekonomi Berbasis Potensi Lokal

This community service program aims to provide knowledge to the people of Merangkai Village which describes how to improve community business management capabilities in terms of managing, developing and improving economic businesses based on local potential. This information transfer was carried out in several stages, including socialization of the material to discussion sessions containing questions and answers and conveying the obstacles experienced. The application method used in this service is through lecture and discussion methods. In the first session, several materials in the fields of marketing, finance and human resources will be presented which are related to increasing the business management capabilities of village communities in managing, developing and improving economic businesses based on local potential. The next session will be opened with a discussion session in the form of questions and answers and also presenting obstacles so that solutions can be found. Apart from that, active community participation in all stages of activities is also the main focus in assessing the success of service. The results of the service showed a significant increase because the community service activities which were carried out face to face and in direct practice ran smoothly.

The economic viability of the sharing economy business model and its environmental impact

The sharing economy refers to a business model where access to products or services is shared among consumers through an online platform. This model has recently received much attention to determine whether it is economically viable and environmentally friendly. The main trade-off is this: a decrease in production volume possibly favoring the environment while reducing the manufacturer’s profits versus an increase in product usage potentially harmful to the environment while enhancing the manufacturer’s profits from increased margins. Furthermore, the sharing economy may prod the manufacturer to either elevate product efficiency so as to justify a higher selling price or to reduce it with the intent of cutting production costs. Given these arguments, we investigate both economic and environmental impacts of the sharing economy business model for comparison with the traditional models of pure sales and servicizing. We find that the manufacturer may prefer peer-to-peer product-sharing over pure sales or hybrid servicizing under two sets of conditions: (1) either consumers are sufficiently heterogeneous in their product usage needs, while concurrently the size of high-usage consumers being relatively small, or consumers are sufficiently homogeneous in their product usage needs, while concurrently consumer segments with different usage needs being similar in size, and (2) the marginal cost of production (per unit of efficiency) and the manufacturer’s ability to pool consumers’ needs are both sufficiently low. The sharing economy can also environmentally outperform traditional business models, especially for products where environmental impact accrues mostly at production/disposal than at usage. As a result, the sharing economy can yield a win–win outcome as to manufacturer’s profits and environmental impact.

USAHA EKONOMI KREATIF BERBASIS KEARIFAN LOKAL DAN KORELASINYA DENGAN KESETARAAN GENDER DI KOTA MERAUKE

The creative economy sector is one of the business fields for local communities, besides that it can also be a job opportunity for women, especially housewives. Merauke City is famous for its various local wisdom so that it can be a business opportunity for creative economy actors. For this reason, this study aims to identify forms of creative economy businesses based on local wisdom and their relevance to gender equality in the community in the city of Merauke. The approach used in this study is qualitative descriptive. While the techniques used are observation, interviews, and documentation. While the data analysis techniques used are data reduction, data presentation, and conclusions. Based on the results of the research conducted, several forms of creative economy businesses were found carried out by the community in the city of Merauke, including; Noken making, rattan weaving crafts, mebel, making wallets and bags from crocodile skin, and crafts from agarwood. The income generated from creative businesses based on local wisdom varies and greatly helps the family's economy. Meanwhile, women's involvement in the creative economy of the community is still in the business of making noken and crocodile skin craftsmen. However, these can be small steps taken by women in terms of involving themselves in the public sphere, especially in the aspect of earning work.

Strategi Koperasi Syariah TKI Artha Mulya dalam Meningkatkan Perekonomian Purna TKI

The Artha Mulya TKI Cooperative is a Sharia Cooperative founded by TKI and retired TKI. The Artha Mulya TKI Sharia Cooperative has a market segment that includes the middle to lower levels of society. This research aims to answer, describe and analyze the problem formulation, namely 1. What is the Strategy of the Artha Mulya TKI Cooperative in Improving the Economy of Retired TKI through Creative Economy activities. 2. What are the obstacles and solutions for the TKI Artha Mulya Sharia Cooperative in improving the economy of retired TKI through creative economic activities. The research method used in this research is descriptive qualitative, namely a research method based on scientific objects. And the research instruments used to collect data are observation, interviews and documentation. The Artha Mulya TKI Sharia Cooperative has become popular and close to the community. The results of this research concluded that: (1) The Artha Mulya TKI Sharia Cooperative has several strategies to help improve the economy of its members and the wider community, namely borrowing business capital, creating business groups, holding business training, supplying raw goods, marketing production results, helping with paperwork. permission, while the strategy for the TKI Artha Mulya Sharia Cooperative in improving the economy of retired TKI through creative economic activities is to create a creative economic business in the form of a snack making business with the name "Snack Bu Ernie and KKBM Bintang Mulya". (2) The existence of creative economic activities held by the Artha Mulya Sharia Cooperative in this new normal era has increased the income level of retired migrant workers. The Artha Mulya TKI Sharia Cooperative has several obstacles in helping to improve the economy of retired TKI through creative economic activities, namely capital constraints, member creativity constraints, and product marketing constraints

Neuroenhancement and mental health in students from four faculties - a cross-sectional questionnaire study.

Students face great challenges at the beginning of and during their studies. Competitive experience, exam anxiety, and especially the new performance requirements often cause test anxiety and stressful experiences. The extent of substance use in terms of neuroenhancement (NE) is unclear. Evidence shows associations between NE, increased stress levels, and mental health. We aim to determine the prevalence of NE and alcohol and tobacco use among college students. We also investigate the associations between NE and ADHD, anxiety, depression, and stress experience. In spring 2021, an anonymous online cross-sectional survey was conducted among students of medicine, dentistry, business economics, and business informatics in Würzburg. The survey included the instruments ASRS (ADHD), PSS-10 (stress), PHQ-4 (depression and anxiety), and AUDIT-C (alcohol comsumption), as well as questions about consumption patterns, prior knowledge, and reasons for NE. Of the 5564 students who were invited to participate, 1010 completed the questionnaire (18.2%). Of these, 12.4% indicated NE for the studied period. NE was used in particular during preparations for exams, to enhance performance, and/or to regulate emotions, most commonly through caffeine tablets, cannabis, and methylphenidate. NE was associated with risky use of alcohol or tobacco, and to a lesser extent with ADHD symptoms and stress experience.Conclusions: Students are at risk of substance abuse and NE. Effective stress management and prevention approaches as well as low-threshold services are needed to identify and support students with risk profiles.

Deciphering Artificial Intelligence’s Impact on the Evolution and Transformation of Organizational Culture

Artificial Intelligence (AI) is a unique set of technologies that gain a profound position in the business economy. It is a promising tool that has brought massive disruptions worldwide. AI transfiguring almost every industry has today made organizations reshape their business culture. As traditional companies have struggled to tap its potential, many organizations still lack awareness regarding its expediency and usage. Therefore, to bridge this gap, this innate chapter jeer into the instrumental role of AI in assisting business culture. Given its key features and benefits, this chapter presents interesting literature on AI managing organizational cultural change. It suggests building a conducive digital culture. Furthermore, this view underlines the key AI approaches, fundamentally enabling the readers to reassess AI’s effectiveness. Altogether, it makes researchers, professionals, and organizations benefit from the role of AI and OC.