Industrial Business Research Articles

CORPORATE REPUTATION AND THE PATH FROM CSR TO PROFIT IN CHINA'S FOOD COMPANIES

The financial success of a business is closely tied to its ability to meet its social responsibilities towards its stakeholders, who contribute valuable resources to the business. Corporate Social Responsibility (CSR) is the embodiment of corporate social behaviour, which has an impact on both a company's reputation and its performance. The study seeks to examine the influence of fulfilling corporate social responsibility (CSR) on financial success, with a focus on the mediating effect of company reputation. In order to accomplish this objective, this study focuses on examining publicly traded companies in China's food market. By utilizing both domestic and foreign theoretical study findings and practical exploration experiences on corporate social responsibility (CSR), business reputation, and financial performance. This study employs the literature review method to elucidate the theoretical foundation that supports the research and uncover the mechanism by which corporate performance is enhanced by the fulfilment of social responsibility by listed businesses in the food industry in China. And find the intermediary role of corporate reputation and investigates the mechanisms and pathways through which social responsibility and corporate reputation influence corporate performance. The findings will help to enhance the current understanding of the relationship between corporate social responsibility (CSR) and financial success. Additionally, it will offer valuable insights for future research and practical applications in this field..

Development of Management Model for Energy Conservation in Industrial Business Buildings

Development of Management Model for Energy Conservation in Industrial Business Buildings

STRATEGIC PLANNING GUIDELINES FOR SUCCESS IN INDUSTRIAL ENTERPRISES

Objective: The objective of this research is to examine the organizational structure and operational characteristics of industrial businesses, investigate components of strategic planning guidelines, and develop a structural equation model, with the aim of achieving sustainable success for industrial enterprises. Theoretical Framework: Content analysis method is a theoretical framework used to examine the presence and concepts of qualitative data. The framework is used to summarize findings and recommendations, from in-depth interviews and focus group discussions, into frequency values. Survey research framework is a structured approach that guides design, implementation, and analysis of surveys to gather data from targeted populations. The framework is used in quantitative research component, to collect and analyze data using descriptive and inferential statistics Method: Qualitative research involved conducting in-depth interviews with 9 experts and facilitating focus group discussions with 11 qualified individuals. Quantitative research is conducted through surveys to 500 industrial business executives, utilizing descriptive statistics, correlation analysis, and multivariate statistics. Results and Discussion: Findings from developed structural equation model indicated good alignment with observational data, with a Chi-square value of 0.094, Chi-square ratio of 1.115, goodness-of-fit index of 0.954, and a root mean square error of approximation of 0.015. Research Implications: Strategic planning is significant in business operations. Well-formulated business strategies will impact managerial efficiency, creating opportunities and enhancing a competitive advantage for industrial enterprises. Originality/Value: Findings revealed four significant factors contributing to success in industrial enterprises, listed in descending order of importance: 1) adaptive skills, 2) digital technology, 3) collaboration, and 4) organizational support.

Impact of Digital Transformation on Carbon Performance of Industrial Firms Considering Performance–Expectation Gap as a Moderator

The swift advancement of the industrial economy has depleted resources and degraded the environment, hindering global economic growth. Digitalization provides a novel approach to decrease carbon emissions and enhance the environment. This study utilized panel data from 2012 to 2021 of listed A-share industrial enterprises as the research sample. It employed suitable measures to assess digitalization and corporate carbon performance. Furthermore, a double fixed-effects regression model was constructed to examine the correlation between digitalization and corporate carbon performance. The findings indicate that digital transformation and corporate carbon performance varied widely across different firms, but there was notable overall progress. Adopting digital transformation in the industrial sector had a substantial and favorable effect on enterprises’ carbon performance. This effect remained substantial despite multiple robustness tests. An examination of the mechanisms involved indicated that digital transformation enhances the carbon performance of industrial sector enterprises by improving the clarity and accessibility of company information. Corporations may intentionally seek difficulties and take strategic risks due to performance–expectation discrepancies. Due to the digital transformation, this behavior may improve the carbon performance of listed industrial businesses. The carbon performance of industrial businesses after digital transformation depends on elements like property rights, market rivalry, industry pollution, and capital investment.

Industrial Cluster in the Competitiveness of Automotive Services Companies: Mediation of the Value Chain

Companies need to associate to share resources and capabilities, thereby achieving greater competitiveness in the market. The objective was to measure the influence of the industrial cluster on business competitiveness, mediated by the value chain in small automotive services companies in Peru. With a quantitative, basic approach, with a non-experimental design, cross-sectional data collection, causal scope, from a sample of 302 companies, applying a survey with a 51-item questionnaire, the data was processed with SPSS and PROCESS, applying a simple mediation model. The results showed that the industrial cluster is perceived as fair by 38.7% of respondents, the value chain as good by 42.1%, and business competitiveness as poor by 32.1%. The industrial cluster is related at 0.223 to business competitiveness, and 0.225 to the value chain. The value chain has a relationship of 0.832 with business competitiveness and an indirect effect of 0.187 in the relationship of the industrial cluster and business competitiveness, all significant relationships. It is concluded that the industrial cluster is fundamental in the competitiveness of automotive service companies and the value chain is the tool that enhances the relationship between these variables.

Pengaruh Harga, Citra Merek, dan Kualitas Produk terhadap Keputusan Pembelian pada Chatime Kota Semarang

Nowadays, there is a lot of competition in the food and beverage industry that has developed in Indonesia. Judging from the increasing demand and interest in beverage products among the general public. Businesses in the beverage industry are of great interest to business people. Chatime is one of the pioneers of bubble tea drinks in Indonesia which originates from Taiwan. The purpose of this research is to determine the influence of price, brand image and product quality on Chatime Semarang City. This research uses descriptive analysis and quantitative analysis. The data used is primary data with a questionnaire collection method. Data analysis using multiple linear regression analysis. The sample used was 100 respondents. The research results found that there was a positive and significant influence on the price variable on purchasing decisions, and likewise on the product quality variable. Meanwhile, the brand image variable does not have a significant effect.

Prediction of grain size distribution using ordinary kriging and compositional kriging methods

Grain size analysis plays a crucial role in understanding the geological characteristics of the coastal environments that influence the optimizations for oil and gas production operations. This paper aims to explore a sophisticated geostatistical approach using the ordinary kriging and compositional kriging techniques, to forecast the grain size fluctuations of sediments in the Long Island region located in the United States. In addition, utilizing a comprehensive dataset collected from the same region about an integrated seventeen compositional components for investigation using the spatial model of the grain size distribution. Moreover, a variogram and the scatter plot predicted a distinctive spatial dependency was achieved. The compositional kriging method used to predict the grain size distribution in the coastal areas presented an accurate result based on the shape of the histogram, Root Mean Square Error (RMSE), and the Mean Squared Error (MSE). In conclusion, the geo-statistics assisted in the integration of the sedimentological analysis in the coastal settings and showed an effective configuration for the decision-making in the oil and gas industry business.

The contribution of social networks to organisational learning in an industrial family business

The contribution of social networks to organisational learning in an industrial family business

Adaptability and resilience: Insights into Bangladeshi E-commerce customer behavior during COVID-19

This study aims to thoroughly investigate the changes in customer purchasing behavior across digital marketplaces amid the exceptional emergency caused by the COVID-19 pandemic, which has unparalleled influence on e-commerce. This research adopts a quantitative approach, leveraging survey questionnaires to collect data on customer purchasing behavior across digital marketplaces. Analysis of the collected data is conducted utilizing the Statistical Package for the Social Sciences (SPSS) software, enabling comprehensive statistical analysis to discern trends and patterns in customer behavior during the COVID-19 pandemic. It provides vital insights into the complex dynamics of customer behavior during times of crisis. The key findings emphasize the importance of comprehending customer preferences and behaviors in emergency scenarios for businesses in the e-commerce industry. The study demonstrates that, despite the obstacles presented by the pandemic, internet transactions not only remained viable but also acquired considerable significance for customers in Bangladesh. The Bangladeshi e-commerce sector demonstrated the crucial need for adaptability and resilience by effectively adapting to the changing market conditions caused by the pandemic. This study significantly contributes to understanding the Bangladeshi e-commerce landscape by addressing relevant research topics and objectives. It reveals a direct correlation between customer behavior and the success of e-commerce during pandemic-like events. It offers vital insights to organizations on how to modify their advertising, marketing, and promotional methods to effectively address customers' evolving requirements and priorities during times of crisis. In essence, this thorough examination acts as a vital manual for e-commerce enterprises in Bangladesh and other regions, helping them navigate the obstacles and possibilities presented by the COVID-19 era. It highlights the crucial significance of customer behavior in influencing the future of e-commerce, both in Bangladesh and worldwide.

Coffee Clinic Marketing Communication Strategy Through Instagram Live Social Media Storytelling

The use of storytelling is of course related to current technological developments, almost most social media offer streaming options that allow interaction with other users. One streaming option that is often used for storytelling by the public is the live streaming feature. Storytelling itself is used as a marketing communication tool as a differentiation effort to attract consumer attention. Apart from increasingly rapid technology, the development of the business world has increased quite significantly, this includes the business industry that is currently developing, namely the coffee shop phenomenon. In the business world, of course there are different marketing communication strategies according to their target consumers, plus this has a very important role in forming consumer understanding and awareness. The aim of this research is to identify the marketing communication strategy carried out by the Coffee Clinic through Instagram live social media storytelling and what message and media strategies are used in marketing communications through Instagram Live social media storytelling at the Coffee Clinic. This research uses a qualitative method where information is collected through interviews, observation and documentation with selected informants. The data analysis technique is carried out by reducing, then presenting the data and drawing conclusions from the results obtained. The results of this research explain the marketing communication strategy carried out by the Coffee Clinic through Instagram Live storytelling, of course linked to the marketing communication strategy theory by (Machfoedz, 2010) which includes message and media strategies

The Impact of Inflation on Jewelry Consumers in Nepalgunj: An Exploratory Study

This study examines the effects of inflation on jewelry consumers in Nepalgunj, Nepal, using a descriptive research design. The research aims to understand how inflation affects purchasing power, identify coping strategies, assess the impact on demand, and explore mitigation measures. The findings reveal that 70% of respondents believe middle-class individuals are most affected by inflation, leading to reduced jewelry affordability. Additionally, 30% of respondents agree that people buy less jewelry nowadays, and 76% agree that customers opt for substitute products as gifts instead of jewelry. The study suggests that inflation significantly impacts the jewelry industry, reducing consumer purchasing power and altering spending behaviors. To navigate these challenges, businesses in the jewelry sector must adopt strategic measures, such as price adjustments, value emphasis, and efficient sourcing practices. The findings provide valuable insights for policymakers, economists, and businesses in the jewelry industry. The study's implications include the need for policymakers toconsider the impact of inflation on the jewelry industry and its consumers, for economists to develop models that better predict consumer behavior during inflation, and for businesses to adopt strategic measures to mitigate the effects of inflation. Overall, the study highlights the importance of understanding the effects of inflation on jewelry consumers and the need for stakeholders to take proactive measures to address these challenges.

Review on the Use of Data Analysis for Customer Segmentation and Personalization in Marketing

Marketing is a part of business that requires considering countless variables and making accurate decisions. With the development of computer science and algorithms, the advancement of data analysis methods can be applied in this field to bring great convenience. Despite a large number of data analysis models being constructed, there is a lack of review articles that need to summarize algorithms created by previous generations. This paper starts with a lookback to the basic descriptive and predictive data analysis methods following with the introduction and further explanation of customer segmentation and personalization. Combined with the basic marketing methods, we studied the application of data analytics to business industry. Moreover, this paper presents case study that highlight the application of data analysis in different areas: online retail, e-commerce and transportation. Finally we use each case to find utilization of data analytics to derive meaningful insights and facilitation decision-making.

Review on Nutritional Potential of Underutilized Millets as a Miracle Grain.

The current situation, which includes changes in eating habits, an increasing population, and the unrestricted use of natural resources, has resulted in a lack of resources that could be used to provide nourishing food to everyone. Natural plant resources are quickly being depleted, so it is necessary to consider new alternatives. In addition to the staple grains of rice and wheat, many other crops are being consumed that need to be utilized to their full potential and have the potential to replace the staple crops. Millets are one of the most important underutilized crops that have the potential to be used as a nutricereal. Millets have a high nutritional value, do not produce acids, do not contain gluten, and can contribute to a healthy diet. Due to a lack of awareness regarding the nutritional value of millets, their consumption is still restricted to the population that adheres to conventional diets and is economically disadvantaged even though millets contain a significant amount of nutrients. Millets are becoming increasingly unpopular due to a lack of processing technologies, food subsidies, and the inconvenience of preparing food with millets. Millets are a Nutricereal rich in carbohydrates, dietary fibers, energy, essential fatty acids, proteins, vitamin B, and minerals such as calcium, iron, magnesium, potassium, and zinc. These nutrients help to protect against post-translational diseases such as diabetes, cancer, cardiovascular disease, and celiac disease, among others. Millets are beneficial for controlling blood pressure, blood sugar level, and thyroid function; however, despite these functional properties, millets consumption has declined. Utilizing millets and other staple food crops to develop alternative food sources has become a new area of focus for businesses in the food industry. In addition, millet consumption can help foster immunity and health, which is essential in strengthening our fight against malnutrition in children and adolescents. In this article, the authors examine the potential of millets in terms of their nutricereal qualities.

IT/OT Integration by Design

AbstractThe four Industry 4.0 design principles information transparency, technical assistance, interconnection and decentralized decisions pose challenges in integrating Information Technology (IT) and Operational Technology (OT) solutions in industrial systems. These different solutions have conflicting requirements, making interfaces between them problematic for both systems and organizations. An Industrial Business Process Twin (IBPT) entity, acting as an intermediary between the realms of IT and OT, has been proposed in a previous work, to effectively reduce the amount of required IT/OT interfaces in an attempt of overcoming this situation. In this work, we investigate the effects of this approach during the design phase. We argue that, by eliminating potentially conflicting direct interfaces between IT and OT stakeholders within the organizational structure, this approach effectively eliminates conflicting communication channels within the system design. To verify our argument, we develop a model of our IBPT concept according to the Reference Architecture Model Industrie 4.0 (RAMI4.0) using an Industry 4.0 scenario addressing the four essential Industry 4.0 design principles. Results show that the IBPT approach indeed eliminates potentially conflicting IT/OT interfaces during the system design phase.

EVOLUTION OF THE BUSINESS INDUSTRY IN THE POST-COVID-19 ERA

This study examines the evolution of business industry in the post-COVID-19 era, aiming to identify key transformations and strategic imperatives for businesses. Utilizing a comprehensive analysis of organizational adaptation theories, disruptive innovation concepts, and dynamic capabilities frameworks, the research explores fundamental shifts in the global economic landscape. The study reveals accelerated digitalization, supply chain reconfiguration, and evolving consumer behavior as primary drivers of change. Three critical strategic imperatives emerge: digital transformation and innovation development, operational model flexibility, and integration of sustainability principles. The findings suggest that successful navigation of the new reality requires companies to fundamentally rethink their role in society and ecosystems, balancing short-term efficiency with long-term sustainability. This research contributes to the understanding of organizational change dynamics in high-uncertainty environments and provides a multidimensional model for analyzing strategic decisions in the post-pandemic era.

THE IMPLICITY OF RELATIONSHIP BETWEEN TRANSPARENCY OF BANK LENDING TO THE REAL SECTOR AND ECONOMIC DEVELOPMENT: WORLD EXPERIENCE

The modern development of the global economy is associated with multiple transformational challenges that raise the issue of ensuring an appropriate level of mutual trust between banking and industrial businesses. This issue is especially relevant for Ukraine, which is facing a crucial task - the post-war reconstruction of the national economy on the basis of sustainability, integrity and environmental friendliness. The aim of the paper is to identify implicit links between the transparency of bank lending to the real sector and economic development over the past 15 years in twelve countries, including Ukraine. This study is based on the correlation and regression tools for analysing relationships. As a result, the article confirms the hypothesis of the existence of significant cause-and-effect relationships between improving banking transparency, reducing corruption, growing economic freedom, increasing lending to the real sector and ensuring economic growth for a number of countries, regardless of their level of economic development. It has been found that in countries with steadily high corruption and economic freedom perception indices, the significance of the correlation with the development of bank lending to the real sector is lost. The reasons for deviations from the natural dialectic of the studied relationships are revealed in the example of India and Turkey. The peculiarities of their formation, preconditions and prospects for strengthening in Ukraine are highlighted. The contribution of the National Bank of Ukraine to increasing the level of transparency of lending activities of second-tier banks is investigated.

The Effect of Perceived Usefulness and Ease of Use through Platform Business on the Relationship between Consumption Value and Purchase Intention in the K-Beauty Industry

Korea has become a leading country in the beauty industry worldwide with Korean beauty (K-beauty), shaping the Korean culture (K-culture) impact. Thanks to the impact, K-beauty industry’s global premium products and beauty markets have rapidly grown, and diversities of services are created as the consumption environment is changing. The platform business connecting potential values not perceived and invisible in the past is continuously growing. Systems by which consumers can purchase what they want (products) anywhere, anytime through online distribution network without stores with smart devices or PCs are used. This is a result that online shopping has placed itself as a new trend, as online shopping’s growth is accelerating, after the COVID-19 pandemic. The study analyzes impacts of the K-beauty industry’s consumption value, platform business, and perceived usefulness and easiness on consumers’ purchase behavior intention. This study ultimately aims at empirically examining causal relationship with each variable by grasping the effects of mediating variables - platform business, perceived usefulness and easiness. The study targeted adults from in their 30s to 60s and conducted a questionnaire survey from May 18 to August 16, 2023. The finally collected questionnaire response copies were 834. According to the results of this study confirmed that consumers’ continuous purchase behavior intention can be increased by improving platform business, perceived usefulness, and perceived easiness, and maintaining close relations, when consumers purchase products. Through this study, continuous studies are anticipated by focusing on developing factors that can construct services that consumers can satisfactorily, easily, and conveniently use through the platform business in the K-beauty industry.

Eksplorasi Implementasi Prinsip Character, Capacity, Capital, Collateral, dan Condition Dalam Pembiayaan Murabahah di BPRS Bhakti Sumekar Sumenep

The rapid development of the Islamic finance industry does not mean that it does not experience several problems, including financing with murabahah contracts which contain many complex and diverse risks. Risk management is an effort to optimize profits in the Islamic financial industry business and minimize the risk of default for customers. The researcher is interested in researching the application of the 5C principle in murabahah financing at BPRS Bhakti Sumekar Sumenep which aims to find out how the implementation of the 5C principle in murabahah financing at BPRS Bhakti Sumekar Sumenep and what are the factors that cause problematic murabahah financing at BPRS Bhakti Sumekar Sumenep. The research method used by the researcher is descriptive qualitative research with data sourced from primary and secondary data, as well as data collection techniques used in the form of observation, interviews and documentation, while data analysis techniques used are in the form of data reduction, data presentation and conclusion drawing. The application of the 5C principle in murabahah financing at BPRS Bhakti Sumekar Sumenep assesses the seriousness and integrity of the debtor, measures the debtor's business activities and income, measures the amount of capital ownership in business activities, calculates the collateral owned by the customer and looks at and assesses the condition or circumstances of the customer, while the factors that cause problematic murabahah financing at BPRS Bhakti Sumekar Sumenep are in the form of unstable economic conditions, the physical condition of the customer and the factors of business activities are not supportive.

Hazard Identification and Safety Education on The Clothing Convection Industry Business in Semarang

The clothing convection industry is one of the most popular businesses, with many growing businesses in Indonesia. In this industry, there are potential hazards that may occur either from work environment factors, the use of tools or machines, or from workers. Research objective to be achieved is to identify potential hazards in the clothing convection industry X and Y. This research used descriptive research, and the sample was two workers at the clothing convection industry X and four workers at the clothing convection industry Y for the data. The sample selection used random sampling. The data analysis technique used a narrative analysis. To minimize the number of work accidents or prevent accidents in the workplace, the identification of potential hazards is carried out through hazard analysis methods; one method is HAZOPS (Hazard Operability Studies). Based on the results of identification from workers and observation using HAZOPS method to minimize potential danger that can occur in each production with safety education using video to convey information easily for workers. Education on the use of PPE is also provided so that workers have safety knowledge and awareness at work. X and Y convection have various potential dangers in the clothing convection industry. Therefore, immediate action and attention from management are needed to minimize work accidents.

Application of Science and Technology in Waste Management, Digital Marketing-Branding Strategies, and Accounting Systems for Environmentally Friendly Fertilisers and Recycled Products

This PKM was carried out by the UMB team in partnership with the Nurul Yaqin Recitation Group, Parigi Baru Village, Pondok Aren District, South Tangerang, and was funded by DRTPM DIKTI through the PPM Grant Program for the 2024 fiscal year scheme. The Nurul Yaqin Recitation Group has 19 members; apart from being homemakers, they also have informal workers and small home industry businesses. This recitation group carries out its routine activities, namely conducting religious studies under the care of the DKM Masjid Baitul Mukminin. It is active in various community activities and can mobilize other community members through activities. Therefore, they have the potential to be pioneers among grassroots communities to change people's lifestyles for the better through the green movement in their area. The problems experienced by partners are: 1) the accumulation of organic and inorganic waste in the area around their residence has not been appropriately managed, 2) There is no utilization of business opportunities for compost and recycled crafts, 3) There is no accounting application system to record transactions and financial reporting from the production of liquid fertilizer and solid fertilizer and the recycling of inorganic waste. The solutions offered are: 1) Provide training and counseling related to processing organic and inorganic waste into valuable products 2) Provide training related to digital marketing strategies 3) Provide training related to recording transactions and financial reporting through accounting software applications.