Business Opportunities Research Articles

Penggunaan Internet dan Peluang Berwirausaha di Indonesia

Currently, the internet has become a necessity in social and economic life that provides convenience in communication and social interaction. In addition, the presence of the internet supported by advances in digital technology is expected to provide business opportunities. Internet access has become easier with the increasing use of mobile phones/handphones. This study aims to see the effect of internet use on entrepreneurial opportunities in Indonesia through descriptive analysis methods and binary logistic regression. This research uses data from the 2019 National Socio-Economic Survey. Entrepreneurs in this study are limited to individuals who try to be assisted by permanent workers or paid workers in the age range of 25 to 44 years. Of the 348,735 samples that were the analysis units, 7,108 were entrepreneurs or around 2.04 percent. This study found that individuals who use the internet have a higher chance of becoming entrepreneurs than individuals who do not use the internet and this finding is statistically significant. In addition, the level of education significantly influences individuals to become entrepreneurs, but individuals with higher education have a lower tendency to become entrepreneurs than those with high school education or below. Keywords: Internet, Binary Logistic Regression, Entrepreneurship

Literacy entrepreneurship exploration: Students' perceptions of business opportunities in language and literature

Literacy entrepreneurship is a field of entrepreneurship that focuses on developing language and literature-based products and services to strengthen literacy culture in society. The role of higher education is very important in fostering the entrepreneurial spirit of literacy. Research shows that many students still face challenges in developing literacy-based businesses, such as a lack of knowledge about business management, unsupportive attitudes, and inadequate practical skills. Therefore, it is important to explore the level of entrepreneurial literacy knowledge, attitudes and skills among college students in order to design effective educational programs. Entrepreneurship education in higher education does not only focus on opening a business, but also on forming character, mindset and entrepreneurial behavior. This research aims to fill this gap by analyzing the level of knowledge, attitudes and literacy entrepreneurial skills of students, as well as providing recommendations for developing a more effective and comprehensive literacy entrepreneurship education curriculum. It is hoped that the research results can be used by higher education institutions to design programs that are more suited to student needs and support the development of literacy entrepreneurship education programs

FranchiseGlobal.com Business Development Strategy: Analysis Using Financial Planning at FranchiseGlobal.com

This research aims to analyze the business development strategy of FranchiseGlobal.com through a comprehensive financial planning approach. As a digital platform offering franchise and business opportunities, FranchiseGlobal.com aspires to become the leading and innovative online franchise media. The research analyzes short-, medium-, and long-term financial planning to achieve profitability and business sustainability. A qualitative descriptive method and thematic analysis were employed for data analysis. The study examines key financial planning elements, including revenue planning, cost management, capital requirements, and five-year financial projections. The results show that sound financial planning can help the company achieve profitability targets within five years, indicated by a positive NPV, IRR above 10%, and a payback period of less than four years. The company's projected revenue growth is expected to remain stable through diversification of revenue streams and efficient capital management. The study concludes that appropriate financial strategies will be a crucial foundation for FranchiseGlobal.com to become Indonesia's leading digital franchise platform.

The Impact of The Turtle Beach Tourism Destination Management Model on Improving The Economy of The Ekas Buana Village Community, Jerowaru Sub-District, East Lombok District

This study aims to determine the management model of turtle beach tourist destinations, and to determine the impact of the turtle beach tourist destination management model on improving the economy of the Ekas Buana Village community, Jerowaru District, East Lombok Regency. This research is qualitative research, data collection techniques using unstructured observation techniques, in-depth interviews, and documentation. Determination of informants using purposive sampling. Data analysis techniques used are data collection, data reduction, data presentation, and conclusion drawing/verification. The results of the research based on the data as well as the results of interviews and field findings show that the turtle beach destination uses the management of the Community-Based tourism (CBT) model, an approach that focuses on active participation and empowerment of local communities in the management and development of tourism destinations which are managed by the Pokdarwis and the community around the turtle beach tourist destination. This shows that the impact of the management of the Community-Based Tourism (CBT) model on the economy of the Ekas Buana Village community has a positive impact on economic activities consisting of increasing income and opening up jobs and business opportunities for the community as tourism actors. The community around the tourist attraction gets a good livelihood as a food and beverage trader, and as a restaurant employee as well as a surfboard rental provider for tourists who want to surf on the turtle beach.

PELUANG USAHA INDUSTRI ANIMASI DI INDONESIA

The animation industry in Indonesia has shown significant growth in recent years, fuelled by the increasing demand for creative content across various media platforms, such as film, television, social media, and gaming. This research aims to identify business opportunities in Indonesia's animation sector and analyze the factors influencing its growth. The research method used is a literature study and a survey of local animation industry players, including animation studios, independent animators, and educational institutions. The results show that technological support, increased access to digital platforms, and government programs that encourage creativity provide excellent opportunities for the growth of the animation industry in Indonesia. However, challenges such as lack of investment, limited skilled human resources, and lack of access to international markets must be overcome. The conclusion of this study emphasizes the importance of strengthening the animation industry ecosystem through collaboration between the education sector, government, and industry to create a business climate that supports sustainable growth.

Employment Generation of Small-Scale Enterpise and Poverty Alleviation in Rivers State

Job creation opportunities of small-scale businesses in Nigeria for low-skilled workers should be the key to employment creation, which in turn leads to poverty reduction. The seeks to investigate the effects of the employment generation of small-scale enterprises and poverty alleviation in Rivers State. The study used descriptive statistics and the Z-test for the analyses of the data. The finding revealed that the employment generation of small-scale enterprises has a positive and significant effect on poverty alleviation in Nigeria. In addition, it was established that the economic benefits of participants in small-scale enterprises have a positive and significant effect on poverty alleviation in Nigeria. It is concluded that the employment generation of small-scale enterprises considerably enhanced poverty alleviation in Rivers State. The study recommends that policymakers and governments and their agencies provide the technical, technological, financial, managerial assistance, and infrastructure needed for the optimal use of the enormous employment creation opportunities in the small-scale businesses in Rivers State and Nigeria at large.

Implementasi Modul Proyek Penguatan Profil Pelajar Pancasila Kurikulum Merdeka Di SDN Telaga Biru 4 Banjarmasin

Discusses the implementation of the Merdeka Curriculum at SDN Telaga Biru 4 Banjarmasin, which is a refinement of the 2013 Curriculum. Education in Indonesia is experiencing development. The government created an independent curriculum by undertaking a project to raise the prominence of Pancasila pupils who are prepared to meet the difficulties of current developments. The Independent Curriculum provides flexibility for schools and teachers in designing learning according to the characteristics of students. One important aspect of the Merdeka Curriculum is the Pancasila Student Profile Strengthening Program (P5), where students carry out projects to develop their potential and skills. The case study at SDN Telaga Biru 4 shows that the implementation of P5 uses a block system, with the theme of entrepreneurship as the focus. This project involves students in making various types of snacks, helping them develop an entrepreneurial spirit from an early age. Through making snacks, students can understand the importance of food quality for health and use it as a business opportunity in the future. The purpose of this study is to describe how the Project for Strengthening the Profile of Pancasila Students (P5) was implemented with the theme of entrepreneurship. This study employs a qualitative method with a descriptive focus. Interviews are the key data collection approach. Researchers conducted interviews with the Principal and Class I Teachers. The study's findings revealed that the execution of the Project for Strengthening the Profile of Pancasila Students with the topic Entrepreneurship at SDN Telaga Biru 4 went smoothly and with great enthusiasm from the students. The implementation of P5 has the potential to boost student entrepreneurial spirit and teamwork.

FranchiseGlobal.com: Digital Media Strategy in the Development of Franchise Industry and Business Opportunities in Indonesia

The franchise and business opportunity industry in Indonesia has experienced significant growth, particularly with the emergence of digital media platforms that facilitate connections between franchisors and prospective franchisees. FranchiseGlobal.com stands as a key online media platform playing a pivotal role in this industry. This study aims to analyze the digital media strategies employed by FranchiseGlobal.com in advancing the franchise and business opportunity sector in Indonesia. The research adopts a descriptive analysis with a case study approach, focusing on FranchiseGlobal.com's business model, digital marketing strategies, and its role in supporting franchise expansion. The findings reveal that FranchiseGlobal.com has effectively utilized digital media to enhance franchise visibility through services such as advertising, content distribution, and online business matching. The study concludes that an effective digital strategy can significantly contribute to the growth of the franchise industry in Indonesia, particularly by leveraging online platforms that reach a broad and targeted audience.

Leveraging Business Analytics for Enhanced Decision-Making Navigating Challenges and Exploiting Opportunities

Business analytics (BA) is revolutionizing how businesses use data to gain a competitive advantage. It offers opportunities for deeper customer insights, targeted marketing campaigns, improved customer satisfaction, new product and service opportunities, and optimized business processes. However, challenges like data quality, talent acquisition, and ethical considerations exist. This study reviews BA literature and discusses the challenges faced by organizations in implementing business analytics, including data availability, quality, skills and training, and technology infrastructure considerations. We conducted a study on 133 analytics professionals in Lahore, Pakistan. Data availability and quality, skills and training, and technology infrastructure all had a positive and significant impact on business analytics challenges and opportunities. The findings aim to contribute to a better understanding of business analytics, implementation challenges, and opportunities.

How to Transform Congenital Disadvantage into New Momentum for Economic Development: Based on the Study of Dutch Foreign Trade

The Netherlands is an ancient trading country, and due to geographical constraints, it has been actively seeking business opportunities and resources. This paper examines how the Netherlands transformed its natural disadvantages into new drivers of economic development since the fifteenth century. The purpose of this paper is to better understand the dynamics and paths of economic development in the Netherlands. This paper takes the perspective of Dutch foreign trade, combines literature analysis and case study methods, and adopts the method of diachronic research. The results of the study show that the Netherlands has transformed its geographical limitations into a new driving force for economic development in the development of maritime power, commerce, and foreign investment. The innovation of this paper lies in the unique perspective. Starting from the economic development process of the Netherlands since the 15th century, it presents readers with a comprehensive and in-depth economic development process of the Netherlands.

Penerapan Teori Permainan dalam Menentukan Strategi Pemasaran Optimum pada Produk Mi Instan (Mie Sedaap, Gaga, dan Supermi) di Lingkungan Mahasiswa Matematika Universitas Sumatera Utara

Instant noodle consumption in Indonesia has continued to increase in the last few years, which indicates that there are more business opportunities for instant noodle products in Indonesia. Proved by the number of instant noodle brands scattered on the market. This has led to increased competition among companies in order to be the best in the eyes of consumers. Marketing strategies are needed to win competition as well as increase sales, ranging from taste innovations, prices, product quality, promotions, and so on. In this study, game theory is used to investigate the competition between Mie Sedaap, Gaga, and Supermi. Using pure strategy is obtained game value that shows that the optimal strategy for Mie Sedaap is ease of purchase, the optimum strategy for Gaga is packaging strategy, and the optimum strategy for Supermi is price strategy.

DESAFIOS E OPORTUNIDADES DA COMUNICAÇÃO NA SOCIEDADE DIGITAL

Communication in a digital society presents challenges and opportunities that transform the way we connect and share information. With the advancement of information technologies, communication becomes more agile, accessible and democratic. However, this transformation also brings challenges such as the spread of fake news, user privacy and excessive dependence on social networks. New digital platforms offer unique opportunities for business, education and social relationships, enabling global reach. However, the speed of information often compromises the depth of dialogues and the discernment between what is true or manipulation. The exponential growth of online content requires reflection on how to use digital tools ethically and effectively. Furthermore, digital communication creates new forms of interaction, which challenge traditional models and require new communication skills. Digital education and media literacy emerge as solutions to prepare individuals to deal critically with this new environment. Therefore, the balance between the opportunities for innovation and the challenges of maintaining authentic and secure communication is essential for the future of communication in the digital society.

Financial and market risks of bitcoin adoption as legal tender: evidence from El Salvador

Bitcoin adoption as a legal tender threatens a financial crisis because of the lack of regulatory frameworks and systems for exchanging Bitcoin into local currencies. This study analyzes monthly data from 2010 to 2022 using a structural vector autoregressive model, estimating Bitcoin’s pass-through into remittance, money multiplier, the US Dollar index, and gold price. The results show that Bitcoin prices decrease the money multiplier and gold prices in both the short and long run, while remittances moderately increase in the long run. The implication of these results suggests the potential for international business opportunities to stimulate the credit, savings, and investment monetary policy channel. The results are robust to alternative SVAR identification strategies.

Agricultural Strategies of Young Farmers on Small-Scale Land in Sriharjo, Bantul

Abstract: The agricultural situation in the Special Region of Yogyakarta is becoming increasingly concerning. The number of farmers is declining, and young people are showing less interest in agriculture. This has led to problems with production output and a food security crisis. A solution to these challenges is to empower youth to engage in farming. The aim of this study is to identify groups of young farmers and the efforts made to address current challenges. The unit of analysis in this study is youth groups involved in farming activities on limited land. The research was conducted with a youth farming group called Taruna Tani Hijaunya Cinta in Sriharjo Village, Bantul. A case study design was employed, using in-depth interviews conducted both in person and via telephone. The research was carried out from January to June 2022, with limited observations and interviews due to the COVID-19 pandemic. To supplement the data, document and photo collection from the farmer group was also conducted. Thematic analysis was used to analyze various data sources. The findings of this study indicate that the majority of the group's members are children of farmers aged 17-35, with educational backgrounds ranging from secondary school to university students. The results show that the use of technology in farming, the development of social media for marketing, and the creation of agro-tourism have enhanced the competitiveness of young people in the agricultural sector, created new business opportunities, and stimulated local economic growth. For long-term sustainability, it is recommended that the government and educational institutions strengthen training and education programs for youth to enable them to continue innovating and adapting to market changes. Keywords: Limited Land Agriculture, Young Farmers, Youth

How Observed Queue Length and Service Times Drive Reneging Behavior in Queues

Customers who renege from a queue signal dissatisfaction with the wait, possibly leading to lost business opportunities. Service organizations need to understand how queue features observed by waiting customers drive decisions to renege. Through a series of experiments run in the lab and online, this article demonstrates a relative progress effect in queues. This behavioral effect is created when a series of fast service times are observed early in a wait, followed by slower service times that make the total wait equal to that in a comparable queue progressing at a steady rate. The observer experiences a fast depletion of the queue and a lower proportion of the original queue length remaining. This generates a sense of relative progress for the observer which leads to a reduction in renege behavior. In one of the studies, a relative progress effect enables participants to wait for a longer queue or longer duration compared to a benchmark queue without this effect. A simulation analysis, where individuals in a queue are modeled as experiencing a similar behavioral effect, shows that the individual-level effects lead to systematic differences in the queue performance. Behavioral effects that increase individual patience for some are shown to reduce the overall renege rate in the queue. Our findings suggest that queue practices that modulate the perception of relative progress can reduce renege behavior.

The Effect of Project Based Learning in Realizing Performing Arts on Entrepreneurial Motivation in Art Learning in Vocational School Students

The competence that must be possessed by Vocational School (VS) students is to be able to find business opportunities independently. Related to the subjects of art and culture, it is hoped that VS students have the motivation that can be carried out by the presence of performing arts in the form of performances that can be used as opportunities for entrepreneurship. Thus, VS students must have entrepreneurial motivation to have business opportunities in the arts and culture sector. One of the learning strategies that can be used is to use PBL. PBL can increase students' learning motivation and also facilitate students' problem-solving abilities. This study aimed to determine how the implementation of PBL in realizing performances and the influence of PBL on entrepreneurial motivation in art learning for VS students. The research method uses an experimental research method with a one-group pretest-posttest design. Participants in this study were 37 students in one of the VS in the Indramayu district, and the study was conducted using a systematic sampling technique. The research instrument used an entrepreneurial motivation questionnaire. Data analysis techniques using statistical descriptions and Paired-Sample T-Test. This study concludes that PBL affects VS students' entrepreneurial motivation in art learning. PBL can motivate students to reflect on what they learn in an actual project and provide opportunities for students to think and be creative when realizing a project in the arts and culture. Students can understand that in the performance, various job descriptions can be used for business opportunities or jobs in arts and culture to conduct further research with more participants so that the results of this study can be more generalized.

Strategies for Utilizing Village Funds for Economic Recovery of Communities Post- Covid-19 Pandemic

The end of the Covid-19 pandemic does not immediately change the economic situation of the community. Various efforts have been made by the government, including enhancing economic conditions at the village level. Since 2015, village funds have been directed toward equitable development, and during the pandemic, their use was prioritized for Covid-19 prevention. To support economic recovery, the government established priority policies for utilizing village funds. This study aims to identify the village government’s strategies in using these funds for economic recovery, as well as the obstacles and supporting factors in implementation, and the impacts felt by the community and the village government. The research was conducted in Taro Village, Tegallalang District, Gianyar Regency, using a qualitative descriptive approach through interviews, observations, and documentation. Informants were selected through purposive sampling. The findings indicate that Taro Village Government’s strategies include food security programs, infrastructure development for agriculture, tourism village development, BLT programs, and labor-intensive programs. Challenges faced include limitations in managing village funds according to community needs and inadequate human resources. Supporting factors include community participation, cooperation between village services and customary institutions, and local natural potential. Positive impacts for the community include job creation and business opportunities, while the village government benefits from CSR assistance from companies to support village programs.

Driving Innovation Through Regulatory Design and Corporate Behaviour: A Case Study of Functional Food Industry in Japan.

This study addresses the critical need for innovation in the healthcare sector, particularly in Japan's functional food industry, amid rising chronic diseases and healthcare costs. It explores the complex relationship between regulatory design and corporate behaviour, focusing on how companies' compliance strategies influence their research and development (R&D) investments. A mixed-method approach was used, analysing data from 15 major dietary supplement companies and 74 products under Japan's Foods with Function Claims (FFCs) regulation. The study reveals a correlation between companies' engagement in the FFCs system and their preference for conducting in-house clinical trials, indicative of higher R&D investments (R = 0.66, p = 0.007), and that between the latter variable and average product sales, which is a measure of returns on regulatory compliance (R = 0.66, p = 0.008). Companies actively complying with FFCs regulations tend to conduct R&D and accumulate knowledge in-house, to innovate and differentiate their products, gaining competitive advantages. The study also highlights the role of a company's size, market presence, and industry origins in shaping regulatory strategies, with firms from other industries using FFCs regulations to explore new business opportunities. The research underscores the importance of flexible regulatory frameworks that encourage R&D investment, leading to innovation and competitive advantages in the healthcare sector.

Harnessing the Power of VR and AR Technologies in Internet Celebrity Marketing and User Interaction

The integration of Virtual Reality (VR) and Augmented Reality (AR) technologies into internet celebrity marketing offers unprecedented opportunities for enhancing user engagement, personalizing user experiences, and creating interactive content. This paper explores how VR and AR can revolutionize user interaction by providing immersive experiences and valuable data collection capabilities. By examining various applications, including virtual events, AR advertisements, and branded experiences, we highlight the significant business opportunities these technologies present for internet celebrities and brands. The ability to monetize VR and AR content, combined with insights gained from data analysis, drives innovative marketing strategies and fosters deeper connections with audiences. Through collaborations between internet celebrities, brands, and tech companies, the potential of VR and AR to transform digital marketing and engagement is immense, offering exciting new avenues for growth and success.

The Role of Strategic Cost Management in Enhancing Business Sustainability

The main objective of study is to test the relationship between strategic cost management and sustainability in the Sudanese food production firms. The main question of the study is there any relationship between strategic cost management and business sustainability? The study tested the hypotheses which reads as follows: (There is a statically significant relationship between strategic cost management and business sustainability). Questionnaires distributed to the respondents, and statistical package of social sciences (SPSS) used for data analysis. The study found out that, there is a statically significant relationship between strategic cost management and sustainability. Based on the study findings, the following recommendations are suggested: Accountants throughout the business should share responsibility for managing costs, firms should reuse and recycle wastes to create new business opportunities, firms should provides equipment to reduce the health and safety impact.