Industrial Business Research Articles

Study on Impact of Entertainment in the Context of Digital Capitalism on Youth Development

The development of electronic Internet technology has led to the construction of another world - a world constructed by data, or numbers of all kinds, where real-life individuals meet in another world in a “virtual body” state, and where the limits of time and space are completely broken. The limitations of time and space are completely broken. This has brought great convenience to the media industry and new business opportunities to capital. Major digital platforms have a huge number of Internet users, and after collecting their personal data and browsing information, they can accurately deliver content that may be of interest to them. In addition, the boom in the culture and entertainment industry has led to platforms putting icons in front of the public and making them objects of imitation and admiration. People are exposed to the data network constructed by mature technology, and the digitalisation and digital industrialisation of the industry have become a general trend. Stars, the money-making tools of capital, are being created in various ways, forming a complete industrial chain and controlling the vast number of Internet users. Teenagers, as active users of the Internet, are still at the stage of forming their values, so the various idol stars launched by the media industry have a huge impact on their development. The media industry, controlled by capital, pays more attention to economic benefits and sometimes even ignores social benefits in order to realise its value proliferation, seriously misleading young people whose values are not yet set and increasing the scope and intensity of capital exploitation, which urgently needs to be regulated and corrected by measures taken by the relevant authorities.

The Development Strategies for the Culinary Industry Typical of the City of Cirebon in the Era of Disruption

Cirebon has various types of culinary specialties that are spread in various regions, especially in the city of Cirebon. Cirebon culinary specialties certainly have a strategic contribution to Cirebon itself. The emergence of various culinary industries, both traditional and modern, which are developing at this time, will certainly have an impact on the existence of Cirebon culinary specialties. Various efforts have been made by Cirebon MSME players so that Cirebon culinary specialties can continue to compete. The purpose of this study was to determine the creative industry business development strategy in the disruption era carried out by business actors in Cirebon. This research is a literature study research by reviewing the results of previous research on culinary industry business development strategies in Cirebon City. The results of this literature review are that in developing certain products, attractive labeling and packaging are carried out, marketing online through social networks, making testimonials in the form of videos uploaded on YouTube and marketplaces or online stores. Based on the findings of the literature review that several culinary business development strategies typical of Cirebon, namely (1) Application of the Pentahelix model, (2) Promotion and Marketing through print media, (3) Promotion and Marketing television, (4) Increasing the Competence of Business Actors, (5) Promotion and marketing conventionally, (6) Creation of Culinary Atmosphere, (7) Culinary Artibut, and (8) Serving techniques.

Beyond terroir: a comparative analysis of Pinot Noir producers and business strategies in Burgundy, New Zealand and South Africa

PurposeThis paper aims to examine the convergence and divergence of business and production practices in the global wine industry, particularly focusing on Pinot Noir producers in Burgundy, New Zealand and South Africa (SA). This study explores the interplay between firm-specific factors and regional contexts to identify competitive advantage drivers among Pinot Noir producers.Design/methodology/approachThis research uses a comparative analysis approach, using data from a comprehensive winery level survey. This study applies methodologies akin to value chain analysis to unravel the configuration of productive and technology/knowledge creation activities within wineries across three regions.FindingsThis analysis reveals both convergence and divergence in business and production practices among Pinot Noir producers in Burgundy, New Zealand and South Africa. Although there is a degree of convergence in marketing, distribution and competition strategies, differences exist in production practices and firms’ capabilities. Burgundy emphasizes tradition and terroir expression, contrasting with the modernization and innovation focus observed in New Zealand and South Africa. However, all regions share a commitment to quality as a competitive advantage.Research limitations/implicationsThis study acknowledges limitations such as the focus on a specific grape variety and regions, the absence of performance impact analysis and the need for additional variables like environmental, institutional and cultural factors and consumer preferences to provide a comprehensive understanding of industry dynamics.Practical implicationsThe insights from this study offer practical implications for winemakers, industry stakeholders and policymakers. Producers can optimize production and marketing strategies based on regional contexts and market segments, whereas stakeholders can identify emerging trends and opportunities in the global wine market. Policymakers can develop targeted policies supporting innovation, sustainability and competitiveness.Originality/valueThis paper provides a unique contribution by conducting a comparative firm-level analysis across distinct wine-producing regions, shedding light on the nuanced interplay of factors shaping competitive advantage among Pinot Noir producers. This study’s comprehensive data set and methodological approach enhance understanding and offer valuable insights for industry stakeholders and policymakers.

Navigating Green Growth Strategies in the Art Industry's Small Business Landscape

Navigating Green Growth Strategies in the Art Industry's Small Business Landscape

Geographical Entity Management Model Based on Multi-Classification

Scientific and logical classification is crucial for efficient information storage, management, and sharing. However, there are numerous existing classification systems for geographical entities, and the categories to which the same geographical entity belongs are often different in the business databases constructed according to different classification systems, which brings great obstacles to the management and sharing of geographical information. This study analyzes the complexities of multiple classifications of geographical entities and proposes a multi-classification model for geographical entities based on directed hypergraph theory. This model integrates and transforms different classification systems for the same geographical entity, creating a unified method for expressing multiple classifications. We also designed a data structure to support this unified expression. By implementing this model, the study enables the effective management of geographical entity data, facilitating improved sharing and the exchange of geographical information across different industries and applications. In practical, the multi-classification model proposed in this paper allows geographical entities from different classification systems to be stored and managed within a single geographical database. Data views are then used to provide tailored services to various industry sectors and business applications. This approach effectively reduces data duplication and enhances the efficiency of managing and sharing geographical information. Using land use classification as an example, this study constructs a unified expression of three different land use classification systems based on the multi-classification model. An experiment managing land use data for a specific city was conducted using this model in PostgreSQL. The results indicate that the proposed method not only reduces data redundancy but also improves the query efficiency by over 10% on average compared to the mainstream relational database management mode. This confirms the effectiveness and practical value of the proposed method.

Feasibility Analysis on Tempe Industrial Home (Case in Tempe Yayan Industrial Home, Lebaksiuh Village, Ciawi District, Kuningan Regency)

This study aims to evaluate the financial viability of tempeh home industry businesses by analyzing how production costs affect profitability. The design used in this study is a quantitative descriptive method with a technical survey approach. The data collection techniques include observation, interviews, and questionnaires (questionnaires). The results of this study are as follows: (1) Total production BEP and BEP business price of Tempe Yayan's home industry business in Lebaksiuh Village, Ciawi District, Kuningan Regency, were analyzed. (2) The R/C ratio analysis was used to analyze the profit and loss of the home industry. (3) The total profit of this home industry was calculated as a function of production costs, BEP price, and total profit. (4) Based on the results of the research and discussion conducted regarding the Profit and Loss Analysis of the Tempe YaYan Home Industry Business, future research could focus on a comparative analysis of financial performance and profitability across different tempay home industry ventures in various regions. The research would provide a broader understanding of best practices and challenges faced by similar businesses, offering valuable insights for both entrepreneurs and policymakers. (5) The research could explore the impact of government support and interventions on the growth and success of home industry enterprises, particularly in terms of capital access, production efficiency, and marketing effectiveness.

Industrial policy, green challenges, and international business

AbstractNation-states are designing their industrial policies increasingly to not only enhance national competitiveness, but also to simultaneously address “Green Challenges”, concerns about the natural environment that require concerted action among different actors in society, including domestic and foreign multinational enterprises (MNEs). This blending of global and national policy objectives is leading to a new wave of industrial policies in advanced economies that are informed by scholarly discourses in evolutionary economics, innovation systems, and 'wicked problems'. We discuss the implications of these sustainability-oriented industrial policies for MNEs. They operate in increasingly diverse local ecosystems shaped by local actors and local policies as we illustrate for two such ecosystems in Nordic countries: circular economy and energy transition. Many MNEs face a tension between capabilities they could use to help nations achieve their sustainability goals and incentives to protect existing rents and business models. They may thus engage pro-actively or reactively in both market and nonmarket realms in each country in which they operate. We discuss the interactions between MNEs, governments, and other actors in host countries pursuing both sustainability and competitiveness objectives, and outline how ensuing tensions create new challenges and opportunities for international business scholarship.

The Effectiveness of Updating Data on Small and Medium Industrial Business Actors in the Industrial Sector at the Cirebon City Cooperatives, Small and Medium Enterprises, Trade and Industry Office

The development of Science and Technology (IPTEK) affects various aspects of human life, including in the context of organizations and government agencies. In Cirebon City, the management of Small and Medium Industries (SMEs) by the Trade and Industry Small and Medium Business Cooperative Office faces challenges in updating data that has not been fully computerized. This study uses a descriptive qualitative approach to evaluate the effectiveness of the IKM data update process. The study results show that the number of SMEs is increasing every year, although there are still obstacles, such as incomplete information and manual processes that slow down efficiency. The application of digital technologies, such as applications for data collection and update, is proposed as a solution to improve the efficiency and accuracy of processes. It is hoped that better data updates, facilitated by digital technologies, can significantly support the development of the creative economy of Cirebon City through the identification of more appropriate needs and opportunities, as well as the optimization of government programs in the SME sector.

The Impact of Foreign & Domestic Investment on Export Processing Zones in Bangladesh: An Auto Regressive Distributed Lag (ARDL) Approach

Foreign Direct Investment (FDI) is a major force behind the integration of the global economy and has the potential to boost economic development in both investing and those receiving the investment. The majority of the study focuses on the influence of FDI on Bangladesh’s economic growth. A number of scholars have also looked at how FDI affects trade, domestic investment and other economic sectors. But surprisingly less research has been done on the effects of FDI on Bangladesh's export processing zones (EPZs). This study tries to investigate the impact of foreign and domestic investment on exports of EPZs between 2011-2022. To investigate EPZs export, this study used the Auto Regressive Distributed Lag (ARDL) approach. The Wald test was used to determine the direction of causation. The ARDL estimate shows that investment, GDP and FDI all have a positive correlation with rising EPZ export. The coefficient for FDI inflows is 0.15% which suggests that if FDI inflows raise by 1%, EPZ export will grow by 0.15% while all other factors stay constant. It also shows that a 1% increase in investment leads to 1.32% quicker growth in EPZ exports, assuming all other factors remain constant. The Wald test demonstrates the bilateral causal relationship between EPZ export & FDI and the unidirectional relationship between EPZ export & GDP. Therefore, Bangladesh must take immediate measures to protect potential foreign investors in order to provide a welcoming environment so that they can feel their contribution in the Bangladeshi business industry is respected.

Implementasi Strategi Digital Marketing Sebagai Inovasi Kreatif di Bidang Wirausaha Nails Art

Nail treatment has become an important aspect for all groups of women. The use of fake nails Press on nails has become a popular alternative in the beauty industry, especially in nail art. Recently, the press on technique has become a significant trend among nail art fans. This study analyzes the factors that influence the popularity of press on nails and their impact on the development of entrepreneurial business in the nail art industry. The results showed that the popularity of press on nails in the nail art entrepreneur industry is determined by several main factors such as ease of use, application speed, design variations, and endurance. In addition, effective marketing strategies such as the use of social media and collaboration with influencers also play an important role in increasing the popularity of press on nails.

Using Artificial Intelligence to Advance the Research and Development of Orphan Drugs

While artificial intelligence has successful and innovative applications in common medicine, could its application facilitate research on rare diseases? This study explores the application of artificial intelligence (AI) in orphan drug research, focusing on how AI can address three major barriers: high financial risk, development complexity, and low trialability. This paper begins with an overview of orphan drug development and AI applications, defining key concepts and providing a background on the regulatory framework of and AI’s role in medical research. Next, it examines how AI can lower financial risks by streamlining drug discovery and development processes, analyzing complex data, and predicting outcomes to improve our understanding of rare diseases. This study then explores how AI can enhance clinical trials through simulations and virtual trials, compensating for the limited patient populations available for rare disease research. Finally, it discusses the broader implications of integrating AI in orphan drug development, emphasizing the potential for AI to accelerate drug discovery and improve treatment success rates, and highlights the need for ongoing innovation and regulatory support to maximize the benefits of AI-driven research in healthcare. Based on those results, we discuss the implications for traditional and AI-powered business in the drug industry.

INOVASI PRODUK OLAHAN DAUN MANGROVE MENJADI CEMILAN PEYE MANGROVE DALAM MENINGKATKAN NILAI JUAL PADA PELAKU UKM DESA KRONJO KABUPATEN TANGERANG PROVINSI BANTEN

The economy of the people in Indonesia is currently still not at the stage of stability, because there are still many home industry business actors who have modest capital and choose to develop home industry businesses from generation to generation. In this community service activity, the team carried out activities in micro businesses on processed mangrove leaf products that were used as peyek. One of the community activities in Kronjo Village, Tangerang Regency, Banten Province whose life is still around the coast is not difficult to find mangrove trees. In the production of processed products in the form of mangrove peyek, difficulties were found that resulted in the production of mangrove peyek not being maximized, including: raw materials for young mangrove leaves which are difficult to obtain due to bad weather factors or long drought and the community around the beach does not know that mangrove leaves can be used as snacks (snacks). Therefore, there is a need for socialization and a touch of innovation in making mangrove leaf peyek so that the public is more familiar with this processed product. The purpose of this PKM is to innovate more innovative mangrove leaf processing. The method carried out in this PKM activity is by providing assistance, increasing production quantity, providing socialization to the community about processed mangrove leaf products, and introducing online marketing through applications or websites. The final result that is expected in this PKM activity is an increase in the sales of mangrove farmers and the public is more familiar with processed products from mangroves so that new SME marketing can be created that is more innovative and can be developed to a sustainable stage.

ARDAN RADIO BANDUNG DIVERSIFICATION IN FACING MEDIA INDUSTRY BUSINESS COMPETITION IN THE DIGITAL ERA

The Internet has an impact and has implications for conventional broadcast media. The internet has become a new market in the current competitive media industry and has also caused cultural changes in society in using media. This research tells about the main concern is the diversification carried out by Ardan Radio in facing an industry business media in the digital era. The research method used in this research is a qualitative method with a case study approach according to Creswell. The research results show that it can be concluded that the business carried out by Ardan Radio in facing media industry competition in the digital era is by diversifying through the Five-O business strategy which is adapted to the environment. Diversification is carried out by Ardan with the Five-O concept. Five-O is a business strategy used by Ardan Radio to reach both markets, namely conventional and digital.

STUDI KELAYAKAN USAHA INDUSTRI PEMINDANGAN IKAN DI LINGKUNGAN MAPAK BELATUNG KELURAHAN JEMPONG BARU KECAMATAN SEKARBELA KOTA MATARAM

The potential of fish in Indonesian waters has two seasons, the first is the fishing season which usually occurs between April and November, the lean season occurs between December and March. During the fishing season, fishermen can get catches that exceed the catch capacity for each time they go sailing. The Mapak Belatung Community is a coastal community where most of the population depends on marine products and aquatic animal cultivation, one of which is fish. This is what finally gave birth to fish smoking activities. Unsold fresh fish are processed into pindang fish by fisherwomen in a simple way and then marketed in traditional markets around Mataram City. The purpose of this study was to determine the feasibility of developing a fish smoking industry in the Mapak Belatung Environment, Sekar Bela District, Mataram City when viewed from the investment criteria of Net Present Value (NPV), Net Benefit Cost Ratio (Net B / C), Gross Benefit Cost Ratio (Gross B / C), Profitability Ratio (PR) and Internal Rate of Return (IRR). Based on the calculation of Net Present Value, it shows that the total NPV is Rp. 5,722,264, this means that the palm oil industry business at the research location is feasible to continue because the NPV result is positive (+). The calculation of Net B/C shows that the result is greater than 1 or 1.75, this means that the benefit obtained is 1.75 times the cost or expenses incurred. Based on the calculation of Gross Benefit Cost Ratio, it has a value greater than 1 (> 1), which is 1.233, meaning that the palm oil industry business at the research location is feasible to run, likewise the calculation result of Profitability ratio has a value greater than 1 (> 1), which is 1.97, meaning that the palm oil industry business at the research location is feasible to run. The Internal Rate of Return (IRR) of the palm oil industry at the research location has a value of 17.8 percent or greater than the applicable interest rate

Energy Consumption, Bank Credit and Manufacturing Industry Performance: A Panel ARDL Analysis in Western Indonesia

The energy growth nexus is still being debated due to mixed empirical findings. This study seeks to establish a relationship between energy consumption, bank credit, and the performance of the manufacturing industry. This study also aims to determine the pattern of the dynamic causal relationship between energy use, bank credit, and the performance of the manufacturing industry in 17 provinces in western Indonesia. This study used secondary data from the Central Bureau of Statistics and the Financial Services Authority. Panel data are from 17 provinces in western Indonesia, spanning from Q1 2010 to Q4 2022 (2010Q1–2022Q4). We employed the panel ARDL and causality test to explore the connection between the variables of interest. The panel ARDL confirms that energy consumption and bank credit play a crucial role in boosting the performance of the manufacturing industry in the long term. This study found strong evidence to support the long-term feedback hypothesis of the energy-output growth nexus. However, in the short term, bank credit was statistically insignificant at all confidence levels. We recommended several policies to local governments and stakeholders, prioritizing the provision of more adequate energy infrastructure and greater access for industrial businesses to utilize banking services. Advancing infrastructure and developing the utilization of new renewable energy are proposed to support sustainable economic development.

Businiss Analytic Techniques of Apparels Industries and its impact on Global Business

The present study deals with “Business analytic techniques and its impact of global business in apparels industries.” The sale products and financial performance of Raymond industries application of tools and techniques of tools and cost management differ on 2021-22 and 2022-23. Results was that Raymond apparels industries application of tools and technique of cost management 2021-22 and 2022-23 net profit 77.76%, 7.76% on Indian market and 16.09% on Global market. The annual reports Raymond apparels industries in multiple products is very high as compared to single product. Application of tools and techniques of cost management 43.15 on 2022-23 financial years.

Factors Influencing Employees’ Performances: A Case of Bahang Bay Hotel, Pulau Pinang

Performance is crucial for organisational success. Employees’ performances refer to employees’ abilities to effectively carry out their job obligations and responsibilities. Businesses in the hotel industry often rely on their employees to deliver high-quality services to maintain a competitive advantage. Bahang Bay Hotel in Pulau Pinang received many complaints regarding their staff performance, including unfriendly staff, terrible check-in service, poor customer service responses, and unsatisfactory housekeeping service. Customers’ complaints can harm the hotel’s reputation, causing a decline in the number of hotel guests and increasing the risk of business closure. Effective employee management is essential to prevent employees from feeling overburdened and to motivate them to provide excellent service. Therefore, this research aimed to identify the factors influencing the operational employees’ performance and to determine the most important element that had a major impact on the performance of Bahang Bay Hotel’s employees. A quantitative approach was utilised. An online survey was conducted on 44 hotel employees from various operational departments, including the front office, housekeeping, food and beverage, and food production departments. The study analysed five factors: training, transformational leadership, teamwork, work environment, and performance appraisal. Results showed that transformational leadership and performance appraisal significantly impacted hotel employees’ performances. This finding indicated that transformational leadership is the most important element and has a major impact on performance. In conclusion, these findings provide insights for improving employee management strategies in the hotel industry.

Real-time service task scheduling with fine-grained resource utilization to benefit important industrial business

Scheduling of service-oriented industrial businesses to meet the real-time requirements and improve the computing resources utilization is important. To this end, a Fine-grained Online Service Task Scheduling (FOSTS) method is proposed. First, a service task model that separates the invoked service from the task is established. Then, a service invocation-oriented allocation mechanism that allocates the invoked tasks based on priority is proposed to achieve fine-grained resource utilization. In addition, a task suspension mechanism to release resources for important tasks by suspending non-important tasks is proposed. The proposed FOSTS is tested in a typical industrial scenario and its performance is compared with many common and state-of-the-art methods. The simulation results show the effectiveness and superior performance of the proposed FOSTS compared to the other methods.

Business Development Strategy through SWOT Analysis in Nicesy Donut and Bakery

This study explores the business development strategy of Nicesy Donut and Bakery through a comprehensive SWOT analysis. Nicesy Donut and Bakery is a well-known bakery in Cilegon, Indonesia with various products and has been established since 2003. The business aims to capitalize on emerging opportunities, such as increasing demand for healthier options and expanding into new markets. This study employs a qualitative approach using interviews with Nicesy Donut and Bakery’s owners and managers between June and July 2024. The analysis highlights leadership, marketing and product management strategies, potential threats, rising ingredients costs and intense competition. Based on the SWOT analysis, strategy and recommendations are provided to enhance the bakery’s market position and drive sustainable growth. This study contributes to the understanding of how small businesses in the bakery industry can utilize strategic tools like SWOT analysis to develop and implement effective business strategies.

Sustainable Strategies for Innovative Cooperation in Human Resources Training between the Business Sector and Universities through Internship Programs from the Pre- to Post-COVID-19 Period

Internships can foster educational alliances between industry (business environment) and academic institutions, which can facilitate both flexibility and accelerated innovation. The purpose of this research is to search for the factors that determine HRT through the implementation of the internship program among the students at the Democritus University of Thrace and reveal the correlation between the factors. Also, this paper investigated the impact of the COVID-19 Eras on human resource training (HRT) factors and, finally, investigated the correlation between the two variables “Recruitment in the specialization” and “COVID Eras”. The sample of the research consisted of 1398 students at the DUTh who implemented internships during the academic years from 2015–2016 to 2021–2022. A questionnaire with 60 variables was created for data collection. A random sampling method was applied to collect the sample. From the results of the survey, ten factors were extracted for human resource training that explained 75.512% of the total variance, and for each one, Cronbach’s Alpha reliability was tested, which was high. In detail, the factors revealed were Learning Outcomes, Efficacy, Emotional Commitment, Satisfaction, Participation, Empowerment, Role Ambiguity, Role Conflict, Supervisor, and Collaboration. From the results of the study, it was evident that HR training is a multidimensional concept and is a necessary condition for the competitiveness of the firms. Training can help to improve the flexibility of the firm, but also to motivate the staff by implementing multidisciplinary training programs. Overall, internship programs are beneficial for students to develop a wide range of skills, as the hands-on experience obtained enhances and supplements the theoretical learning from educational institutions.