Good Business Research Articles

Role of Entrepreneur Motivation: The Mediation of Entrepreneur Orientation on Company Performance

Research Aims: The main focus of this research is to determine the role of entrepreneurial motivation as a mediator in the relationship between entrepreneurial orientation and Company Performance. Design/methodology/approach: This study uses an explanatory research approach with micro-enterprises run by beneficiary families of the Program Keluarga-Harapan (KPM-PKH) in Malang City as research objects. Data collection for this research was carried out by distributing 300 questionnaires online, but only 261 questionnaires were returned and declared valid for testing research data. The data analysis was carried out using SEM-PLS. Research Findings: This study's results indicate a relationship between entrepreneurial orientation, entrepreneurial motivation, and Company Performance. This study also found that entrepreneurial motivation perfectly mediates the relationship between entrepreneurial orientation and Company Performance. Entrepreneurial motivation plays an essential role in connecting to improve performance when business actors do not really have a good enough business orientation. The motivation of business actors will help business actors to remain enthusiastic to try again and again when business actors face failure in the process of increasing business sales. Theoretical Contribution/Originality: The theoretical contribution of the research on "The Role of Entrepreneur Motivation: The Mediation of Entrepreneur Orientation on Company Performance" lies in its exploration of the complex relationships between entrepreneurial motivation, entrepreneurial orientation, and company performance. The study contributes to the existing body of knowledge by providing a comprehensive understanding of how entrepreneurial motivation influences company performance through the mediation of entrepreneurial orientation. Keywords: Entrepreneur orientation; entrepreneur motivation; company performance; micro business; Program Keluarga Harapan (PKH).

Identifying a good business location using prescriptive analytics: Restaurant location recommendation based on spatial data mining

This study proposes a new prescriptive analytics method that aims to provide decision-makers with a systematic and objective approach to identify suitable locations, considering the spatial distribution of different types of restaurants. The method comprises of two main components: spatial co-location pattern mining and locationGCN, where locationGCN is based on graph convolutional network (GCN). The spatial co-location pattern mining is utilized to capture the spatial correlation of specific restaurant to determine the candidate location selection range. The locationGCN is designed to further screen out final suitable location ranges for the specific restaurant type. A case study using restaurant data from Xiamen Island collected from Dianping.com is conducted. The empirical results demonstrate that the algorithm achieves an accuracy of 74.88%, precision of 63.59%, and recall of 77.48%. Results indicate that the proposed approach can provide suitable location recommendations for specific types of restaurants based on existing restaurant distribution information.

Consumer meat safety knowledge and hygiene practices in a veterinary disease-controlled area of South Africa

Consumers’ practices and knowledge play a significant role in ensuring meat safety and hygiene application. This is important in an environment where the slaughter and release of such meat is restricted and not always controlled and monitored. This could have been contributed by the lack of slaughter facilities; the controlled movement of live animal restrictions applicable in a typical veterinary diseases-controlled area. The aim of this investigation was to identify meat hygiene practices and general meat safety knowledge applied by consumers of central Bushbuckridge, South Africa. Structured interviews (n=81) were conducted with consumers observed purchasing meat from local meat supply centres. Data analysis was achieved by SAS Statistical software (Version 26) SAS and graphs were drawn using MS Excel 2020. The majority (84.2%, σ=29.4) of the consumers indicated that meat supplied in the region were from registered facilities. The general belief amongst the consumers was that routine hygiene inspection was conducted by authorities at all meat distributing or butchery facilities (74.1%, σ=39.7). None of the facilities or/and butcheries in the study area was registered and therefore, no formal regulated practices could have been conducted. Slaughter and distribution of meat within the area were seen as a good business by 78.6%, σ=18.9 of the consumers, and as a result, the consumers did not have a problem with widespread slaughter and release of this meat to the public outside of those facilities. The extent of hygiene application practices at household level varied. These included the assurance that perishable products were properly handled after purchase (84.1%, σ=8.3), and the handling or transportation of sourced meat did not comply with cold chain management prescripts (39.9%, σ=44.9). The likelihood of consumers feeling the same about meat hygiene concerns and practices is undoubtedly low as represented by a high standard deviation (σ) of the responses. These results show that consumers were relying on authorities for meat safety assurances. This ought to caution authorities on consumer practices and needed interventions such as animal movement policies enforcement. The adoption of such policies by consumers lies with the development and rollout of consumer awareness and meat safety assurances training programs. Key words: abattoir, consumer practices, illegal slaughter, meat safety, meat hygiene

“PUBLIC INTEREST CORPORATION” A PROPOSED LEGAL FRAMEWORK FOR A SOCIAL ENTREPRENEURSHIP ENTITY IN MALAYSIA

Social entrepreneurship is one of the mechanisms to overcome social or community’s economic issues. In the United Kingdom, an interesting business entity known as community interest company (CIC) was introduced in 2005 to inculcate and promote social entrepreneurship among the people. CIC was introduced to address lack of vehicle to carry out non-charitable social enterprises. In CIC, the company’s assets are “locked” and could only be used for its social objectives.
 In Malaysia the community is generally family-knit and close-community. As such, having a business entity which is established for the purpose of the community interest would be a good and appropriate alternative business vehicle. This paper discuss the possibility of introducing a new “Public Interest Corporation (PIC)” in Malaysia which could be used to carry out business activities to gain profit but with a clear objective that profits of the business shall be used for the public interest. Discussion of this paper made special reference to the UK CIC as the model for the PIC. Research methodology adopted in this paper are statutory and doctrinal analysis.

Micro-angel investments of men and women: The role of institutions

Informal investments are a key source of financing for startups. In this research article, I focus on how institutional weakness can impact informal investments of male and female micro angels. To this end, I rely on information from more than 50,000 individuals from 88 countries who provided funding to family and relatives, acquaintances (co-workers, friends or neighbors), and strangers with good business ideas during 2014–2018. I conclude that weak institutions may decrease the likelihood that women will become micro-angel investors. However, weak institutions may encourage men and, to a lesser extent, women to invest in business ventures of acquaintances and strangers, as opposed to those of extended family. Robustness checks involving cultural dimensions and gender equality confirm these findings. Furthermore, statistical evidence shows that the decisions of whether to become a micro angel and how much to invest are independent.

The privacy preserving auction mechanisms in IoT-based trading market: A survey

Nowadays, the Internet of Things (IoT) technology has greatly promoted the transaction behavior. It has led to a shift from the traditional face-to-face, bartering business to today’s online virtual goods business, such as energy trading, spectrum, and so on. However, there exist two critical challenges in IoT-based trading market, which include “efficiency” and “safety”. “Efficiency” indicates a fair-trading decision-making rule, and “safety” indicates that the bidders’ privacy must be protected. To address the above challenges, numerous researchers are working on privacy-preserving auction mechanisms for IoT-based transactional markets, drawing insights from electronic auction theory and information security theory. However, a predominant focus on specific scenarios characterizes most existing works, lacking a comprehensive synthesis of the collective contributions to date. Therefore, this paper systematically elucidates privacy-preserving auction mechanisms for IoT-based transactional markets. Firstly, we expound the foundational knowledge of IoT-based auction markets, delving into auction theory and privacy theory through concise categorization. Secondly, we address both theoretical considerations (from the integration perspective of various privacy protection methods and auction mechanisms) and practical aspects (evaluating various real-world application scenarios). Each aspect undergoes meticulous scrutiny, providing practical assessments and prospects. Lastly, we propose future research directions. Key challenges include the absence of inference attack models for differential privacy, a dearth of algorithmic designs with privacy-preserving capabilities at the auction mechanism level, and the intricate balance between privacy and efficiency. Proposed solutions for future research directions include leveraging Bayesian inference and neural networks for effective attacks, designing autonomous privacy protection mechanisms, and addressing the privacy-efficiency trade-off through the application of Markov decision processes.

Disruptive Business Model in Logistics A Case Study on Unanu Technologies, Chennai

Disruptive technology is not only applicable for hardware or software, but the latest addition is logistics. The proposed case study will bring to light on how disruptive technology can change the outlook of logistics and supply chain management through UNANU, which can be considered as a blessing in disguise for the logistics industry. When the entire universe is going digital, so also is the dire need for logistics to go digital, which saves a lot of time and helps the service providers to make a good business. A detailed discussion will be conducted on UNANU, its model, U-DHAN, SWOT and the future ahead.

Peningkatan Keterampilan Bisnis Pelaku UMKM Handycraft melalui Pelatihan Digital Marketing dan Keuangan

This Community Service activity targets productive community groups, namely handicraft MSMEs, Kapas District, Bojonegoro Regency. Based on the results of problem identification, it is known that the priority problems are 1) integrated digital marketing and 2) financial literacy. The training implementation method uses tutorial and lecture techniques. The target to be achieved from the implementation of this service is to gain knowledge and understanding for partners regarding digital marketing and financial literacy for handicraft MSMEs, Kapas District, Bojonegoro Regency. The results of the training evaluation in Klampok Village, Kapas Bojonegoro District for UKM Handycraft partners show that partners need support to improve their marketing through the use and management of digital marketing as well as changing the mindset that partners need to carry out good business financial management and family financial management so that family prosperity can be achieved.

Training for Preparation of Business Feasibility for Bantar Sari Village, Distric Rancabungur, Bogor

Micro, small and medium enterprises (MSMEs) have an important role in the Indonesian economy. The Indonesian government also considers the existence of MSME actors important. The proof is that UMKM together with Cooperatives have a special forum under the Ministry of Cooperatives and UKM. MSMEs is a business sector that has quite good business potential where as MSMEs develops, the level of employment also increases. The number of MSMEs in 2018 was recorded at 64.2 million units, while in 2019 it grew 5 percent to 67.4 million units. The development of Micro, Small and Medium Enterprises (MSMEs) has proven to be the main driver of the real sector that direct effect on national economic growth. MSMEs from 2016-2019 grew by 4.2% annually with an average contribution of MSMEs to Indonesia's Gross Domestic Product (GDP) of 50% for the last 3 years. Information owned by the Ministry of Cooperatives and Small and Medium Enterprises in March 2021, the number of MSMEs in Indonesia is at 64.2 million, and has a gross domestic GDP contribution of up to 61.07%. MSMEs can absorb up to 97% of the total workforce and can collect up to 60.42% of the total investment in Indonesia. However, the development of MSMEs generally still experiences various problems and is not fully in accordance with expectations. The problem that is still an obstacle in developing MSME businesses is the limited capital they have and the difficulty for MSMEs to access sources of capital. In order to help access funding, guidance and directions are needed in order to obtain banking funds for these small businesses. For this reason, a program of activities for preparing feasible business planning proposals is needed. This community service method uses descriptive methods, namely through surveys and observations. The initial stage was observation of Bantar Sari Village, Distric Rancabungur, Bogor to identify the business ventures that were currently being carried out. Furthermore, the formulation stage is the identification of the internal and external environment and is continued with the feasibility study stage. Delivery of training for the community, most of whom are MSMEs, is conducted at the Bantar Sari Village, Distric Rancabungur, Bogor, where the participants are quite enthusiastic about participating in the training program, this can be seen from the number of question that were entered.

Oneness as a Way to Business for Good

Hyper individualism accepted by business schools is bad theory resulting in management practices with negative consequences for students and society. Business is a social activity, and human consciousness includes intentions and values. All of these factors must be included in management theory for good people to do good. The brain's left and right hemisphere consciousness are very different. The left favours division and acquisitiveness to accomplish things while the right is oriented to Oneness and being in relationship. Management education over emphasizes left hemisphere consciousness and neglects the right which needs to be developed for balance. Daoist and Buddhist philosophies are aligned with right hemisphere consciousness and provide pedagogical insights that were implemented in a third-year business ethics class. Research indicates students experienced Oneness-related phenomena therefore, it is possible to design Oneness education. Business hyper individualism can be shifted to a broader view resulting in a deeper connection with others, creating a better world.

Reviewing workplace innovation as a plea for a practical approach

AbstractWorkplace innovation (WPI) approaches share the ‘advancement’ of work as a commonality, that is, the notion of good jobs and its relation with good business performance. How WPI approaches contribute to the advancement of work is discussed in this ‘narrative review’ of the WPI literature, which intends to provide direction to future study and implementation of advanced work. A human‐centric theoretical position is chosen with regard to WPI, good work and well‐performing organisations. The heart of the review is investigating the roots of WPI and its historical development along the lines of four different research streams: sociology and organisation research, safety science and organisation research, economic strategy and human resources research, and psychology and behavioural research. These streams are evaluated from their contribution to advanced work, ‘good jobs’. In this review of WPI as a plea for a practical approach, we conclude how the streams connect to the conceptualisation of WPI and human‐centricity, discuss the implications for practice and some limitations, and make recommendations for future research.

Peningkatan Produksi dan Daya Saing Kopi di Desa Sumanding Kecamatan Kembang Kabupaten Jepara

One of the coffee farmers and processors in the Kembang Jepara district, Mr. Eko Siswanto, made a business called Vinzoei with coffee products branded The Boyo (Mitra), which has problems in the field of low production capacity. This is because partners process coffee using third-party services, which causes long queue times and high production costs. The product packaging design is still very traditional and unattractive. To overcome these problems, the methods used include outreach, mentoring, monitoring, and evaluation. The results of the increase in benefits from this regional partnership program are an increase in production capacity by 25%, an increase in coffee quality control knowledge by 100%, an increase in assets in the form of a grinder tool by 100%, an increase in product packaging design by 100%, an increase in knowledge about good business management by 100%.

PKW Budidaya Sayuran Hidroponik di Desa Pekalongan Kecamatan Batealit Kabupaten Jepara

One of the hydroponic vegetable cultivators in Jepara district, Mr. Ryan Arfian with his business named Bagus Hydrofarm (Mitra) has problems in the field of low production capacity. This is because partners only have 800 mature planting points. The production process of hydroponic vegetables is also still low because there is no quality control on the product. This problem arises because there is no partner's knowledge about the production process and quality control that is sufficient and good. there is no humidity and temperature measuring instrument. The results of the increased benefits from this regional partnership program are an increase in production capacity by 17.5%, an increase in knowledge of how to cultivate hydroponic vegetables by 100%, an increase in assets in the form of measuring instruments for PH and TDS by 100%, an increase in assets in the form of measuring devices for temperature and humidity by 100 %, increased knowledge about good business management by 100%.

Peran Dan Fungsi Bahasa Sebagai Komponen Utama Dalam Komunikasi Bisnis

Language is used as a communication tool because with language someone can express ideas, ideas and thoughts. Not only in everyday life but in the business world, language is the main thing to pay attention to in order to create a good and successful business. In business activities, communication is an important factor in establishing relationships between business people and consumers. In business activities, the use of language has a very important role and function. Good language will have a positive effect so that business processes run smoothly and as expected. Business is a production, sales, marketing activity carried out by individuals, organizations or groups to gain profit. To run a business well, a person needs a good attitude, creativity, agility and good language skills. Language is a part of business communication ethics that needs to be considered. The method in this research uses a qualitative method with a descriptive approach, the aim is to describe the role and function of language as the main component of communication in business activities. From the results of this research it was found that the importance of using language in business communication includes several things such as the role and function of language as a component of the main tool of business communication, a means to facilitate promotion, a means to facilitate branding, a means to facilitate marketing, and a means to expand networks to the global level.

Analysis of the implementation of business ethics and strategic management in companies in Indonesia

The purpose of this study is to analyze the implementation of business ethics and strategic management in companies in Indonesia. The method used in this study is a descriptive method with a qualitative approach. Data collection techniques use documentation techniques. Data analysis is inductive / qualitative and the results of qualitative research emphasize meaning rather than generalization, namely triangulation (combined) techniques. The results of the study found that the analysis of the implementation of business ethics and strategic management in companies in Indonesia confirms that business ethics is a very important aspect for the survival of the company. Companies that apply business ethics well can build trust from colleagues, the community, and customers, which is an important capital to maintain business continuity. Therefore, companies have a responsibility to maintain and improve standards of business ethics to achieve sustainable growth. On the strategic management side, its role is also very important in achieving the company's long-term goals, adapting to changes in the business environment, and directing human resources. By implementing good business ethics and effective strategic management, companies in Indonesia can better face business challenges and contribute to sustainable economic growth.

Analysing the Easing Language in Business English General Language Talks under the Perspective of Relationship Management Theory

With the rapid development of globalisation, business communication has become more and more frequent in the international arena. In business English conversation, moderating language plays an important role as a communication strategy. Based on the perspective of relationship management theory, this paper explores the functions and strategies of de-escalation in business English talks. The results of the study show that de-escalation helps to establish and maintain good business relationships in business scenarios, and also positively affects the outcome of the talks. Finally, the paper puts forward some suggestions for the use of moderated language in business English talks to help business people communicate better across cultures.

Critical Success Factors for the Implementation of Public-Private Partnerships in Zimbabwe's State Universities

A weakness of the extant Public-Private Partnerships (PPPs) literature to date has been its normative approach to the subject, creating in effect, a 'one size fits all view' of the preconditions or Critical Success Factors (CSFs) for the implementation of PPPs yet they vary with the context and sector. This study challenges the existing prominent CSFs model for the implementation of PPP which it perceives to be broader and biased towards economic infrastructure in rich industrial nations and excludes the realities of post-colonial third world countries. The research developed a refined sector-specific Educational Infrastructure Critical Success Factor Model (EICSFM) that will inform effective implementation of educational infrastructure PPPs in Zimbabwe state universities. Validated suggestions from research participants were compared to the existing model used to guide this study and results showed that some of the suggested CSFs for PPPs in Zimbabwe state universities tallies with this extant widely accepted CSFs model for PPPs, whereas some differ. The new suggested emerging sector-specific CSFs for effective implementation of PPPs in state universities include; the need for state universities to have absolute autonomy, the establishment of institutional PPP Committees, state universities to be creative and aggressive, vibrant leadership at state universities, universities to have good business orientation, the establishment of innovative PPPs models for educational infrastructure projects (social infrastructure projects), the creation of project bankability and attractiveness to investors, the need for political will and creation of trust. Comparing such suggestions to the extant CSFs model, the study concluded that even though some these preconditions for successful implementation of PPPs may be similar to some of the existing ones, their application is not similar but context-based. The study thus recommends governments avoid a ‘one size fits all’ perception and approach, but rather encompass sector-specific considerations when adopting and implementing PPPs as an alternative funding option for infrastructure development.

PELATIHAN MANAJEMEN PRODUK DENGAN PENDEKATAN KOMUNIKASI BISNIS BAGI UMKM DESA KARANGMULYA UNTUK MENINGKATKAN LABA

Business communication is one of the factors that can maintain the continuity of a business, both multinational and micro, small and medium enterprises. MSMEs must continue to struggle to face an increasingly competitive market in one way is to communicate their business to consumers and potential customers. Therefore, business communication must be improved to increase profits and for the business to survive in the long run. Through qualitative approaches such as observation and interviews with business actors. Observations show that there is a lack of business communication carried out by MSMEs. In the community service program to overcome these problems, the author uses the implementation method by providing socialization and training on the importance of communication business and training on delivering communication to consumers and prospective customers with a business communication form approach. With this program, it is expected that business actors can implement good business communication to consumers and potential customers. The results obtained can benefit the local community and MSME players and can add insight into business communication.

The Impact of Creativity, Work Motivation, and Entrepreneurial Commitment on Business Performance in Indonesian Specialty Food Industry

This mixed-method study explored the complex connections between creativity, work motivation, entrepreneurial commitment, and SME success in the ever-evolving specialty food industry. While previous studies have extensively explored the impact of various variables on business performance, there has been little emphasis on understanding how these factors specifically affect the Indonesian specialty food industry. The study aimed to investigate how these variables brought impact on business performance in the Indonesian specialty food industries. With a focus on 270 culinary entrepreneurs operating within the small and medium-scale sector in Indonesia, this research employed a comprehensive approach, encompassing documentation, observation, structured questionnaires, and interviews. The findings illuminated the substantial influence of creativity, work motivation, and entrepreneurial commitment on business performance. In light of these discoveries, this study offered invaluable insights for policymakers, industry stakeholders, and entrepreneurs alike, emphasising the need for tailored strategies and support mechanisms that could cater to the unique demands of the specialty food industry. By delving into these essential elements, this study seeks to empower individuals and organizations in the specialty food industry to maximize their efficiency and strengthen their dedication to entrepreneurship, leading to increased success in the market. Affirming the established link between creativity, motivation, and entrepreneurial commitment, this study introduced novel insights, suggesting that these factors played a pivotal role in driving innovations across goods production, business strategies, marketing and sales, as well as policies, thereby providing a foundation for accelerated advancements in entrepreneurial endeavors.

The Influence of CRM (Customer Relationship Management) and Company Image on Customer Satisfaction and Loyalty at PT. Bank Rakyat Indonesia (Persero) Tbk Tambun Branch Office - Bekasi

Indonesian people's banks have a good reputation, such as BRI, have a high level of trust, a high level of performance, and have good business ethics. BRI also has a good personality, such as always being responsible to customers, having good achievements, having good social responsibility, and having customers with a high level of trust in Bank Rakyat Indonesia. This also makes customers loyal to do business with BRI.Discussion of the Customer Relationship Management variable (X1) and the Company Image variable (X2) on Satisfaction (Y1).a. The Influence of Customer Relationship Management (CRM) on Satisfaction.H0: b1= 0 CRM has no significant effect on customer satisfaction.H1:b1≠ 0 CRM has a significant effect on customer satisfaction.In the t test results, the Customer Relationship Management variable (X1) and the Satisfaction variable (Y1) show a significance value of 0.000 < 0.05. So it can be concluded that there is a significant influence between customer relationship management variables on satisfaction.b. The Influence of Company Image on Satisfaction.H0: b1= 0 Company image has no significant effect on customer satisfaction.H1:b1≠ 0 Company image has a significant effect on customer satisfaction.In the t test results, the Company Image variable (X2) against the Satisfaction variable (Y1) shows a significance value of 0.000 < 0.05. So it can be concluded that there is a significant influence between the company image variables on satisfaction.Discussion of the Customer Relationship Management variable (X1) and the Company Image variable (X2) on Loyalty (Y2).a. The Influence of Customer Relationship Management (CRM) on Loyalty.H0: b1= 0 CRM has no significant effect on customer loyalty.H1:b1≠ 0 CRM has a significant effect on customer loyalty.In the t test results, the Customer Relationship Management variable (X1) and the Loyalty variable (Y2) show a significance value of 0.000 < 0.05. So it can be concluded that there is a significant influence between customer relationship management variables on loyalty.b. The Influence of Company Image on Loyalty.H0: b1= 0 Company image has no significant effect on customer loyalty.H1:b1≠ 0 Company image has a significant effect on customer loyalty.In the t test results, the Company Image variable (X2) against the Loyalty variable (Y2) shows a significance value of 0.001 < 0.05. So it can be concluded that there is a significant influence between the company image variables on loyalty.