Potential Business Research Articles

Audio Transcription and Summarization System using Cloud Computing and Artificial Intelligence

In the modern era, organizations increasingly rely on virtual meetings to address customer issues promptly and effectively. However, dealing with recorded customer calls can be arduous. This review abstract introduces an innovative methodology to summarize audio data from customer interactions, which can streamline virtual meetings. Leveraging a speech recognizer, like AssemblyAI's API, the methodology converts audio data into text, and then employs a Graph-theoretic approach to generate concise summaries.
 This review abstract delves into the growing prominence of cloud-based AI and ML services in the tech industry. It underscores the unique competitive strategies and focuses of major players, namely Amazon, Microsoft, and Google, in the realm of AI and ML platform development. The analysis explores these companies' internal applications and external ecosystem, dissecting their respective AI and ML development strategies. Finally, it predicts future directions for AI and ML platforms, including potential business models and emerging trends, while considering how Amazon, Microsoft, and Google align their platform development strategies with these future prospects.

Potensi Bisnis Hotel sebagai Trend Staycation dalam Mendukung Pertumbuhan Sektor Pariwisata di Indonesia

The Covid-19 pandemic affected many sectors, including the hospitality, the businesses of travel, food and drink, and entertainment services. Even the future of tourism is seen with pessimism, particularly in places where it is the main industry and where growth is planned. This may incentivize the travel and hospitality sector, particularly the hotel sector, to explore for strategies to weather the Covid-19 pandemic. This research uses a literature survey method. This method helps understand the relevance of new research and its relationship with previous research, identifying all previous scientific literature, including books, journal articles and theses, relating to the potential of the hotel business as a Staycation trend. This research aims to determine the potential of the hotel business as a Staycation trend. The research results show that 4-star and 3-star hotels differ in their understanding and application of the terms Daycation and Staycation, which mean a holiday of one day or a maximum of eight hours, however two out of five hotels still use the term Staycation even though the holiday is less than eight hours. During the pandemic, the term Staycation is also used. The findings indicate that it is important to maintain or improve hotel products and the use of digital marketing, especially social media, and continue to innovate to maintain a good image which relate to the prospects of the hotel business as a holiday style.

중국 네트워크 마케팅 산업에서 제품 애용자가 독립사업자로 활동하려는 의도에 관한 연구

Purpose - This study aims to investigate the motivations of product enthusiasts in China's network marketing industry to engage in independent business activities, using an extended Theory of Planned Behavior as the theoretical framework. Additionally, it explores the moderating role of prior knowledge of network marketing.
 Design/Methodology/Approach - By integrating perception as a variable, this research assesses its influence on the entrepreneurial intentions of product loyalists within China's network marketing sector. Furthermore, the study examines how prior knowledge of network marketing affects the relationships among attitude, subjective norms, perceived behavioral control, perception of network marketing, and intent.
 Findings - The results indicate that variables derived from the extended Theory of Planned Behavior, including attitude, subjective norms, perceived behavioral control, and awareness, positively impact individual intentions to become independent network marketers. Notably, perceived control and awareness also influence actual behavior. Moreover, prior knowledge serves as a moderator for all pathways, except in the relationship between perceived control, awareness, and intention.
 Research Implications - Network marketing companies should prioritize maintaining high product quality to establish consumer trust. Engaging in corporate social responsibility initiatives can enhance company image. Consistent education for consumers about network marketing can help foster entrepreneurial intentions among potential independent business owners.

Analysis of Factors Influencing Employee Performance in Palm Oil Harvesting at PT. Semadam

The palm oil industry has created business potential. Palm oil agribusiness is one of the industrial sectors in Indonesia that possesses a competitive advantage in the global market. The development of the palm oil industry in Indonesia has been carried out with a focus on achieving a balance among social, financial, and environmental aspects. The attention of oil palm plantation employees is crucial for increasing productivity. This research aims to analyze the influence of the harvest premium variables: length of service, age, education level, number of dependents, grants, and geology on the work implementation of oil palm harvesting workers at PT Semadam. This research was conducted in June 2022 at PT. Semadam, Aceh Tamiang. In this research, the survey method was employed. The number of samples was calculated using the Slovin Formula with an error rate of 10% or 0.1. This calculation obtained a sample size of 40 respondents from a population of 45 people. The research results indicate a collective influence of independent factors (premium collection, work involvement, age, education level, number of dependents, aid funds, and geographical location) on the dependent variable (work implementation). However, premium collection, education level, and geography significantly influence worker performance, while work involvement, age, work involvement, and grants do not substantially impact worker performance. The coefficient of determination, 0.825, indicates that the independent variables explain 82.5% of the variance in the dependent variable, while other factors influence 17.5%.

Maximizing business potential: The symbiotic relationship between employee training and business success

In the modern business landscape, the symbiotic relationship between employee training and business performance in a form of sales and marketing aspects has become increasingly evident. This research delves into the pivotal role of vocational training within European companies, particularly in the context of their impact on business outcomes of organizations. Through a deep analysis of secondary data from the Continuing Vocational Training Survey (CVTS) carried out by Eurostat, this paper uncovers the link between effective training practices and their subsequent impact on sales performance as well as interconnection with marketing initiatives. The findings reveal that businesses can significantly enhance its strategies by investing in employee training programs that foster skills demanded by the evolving market. The results underscore that companies adopting a holistic approach to employee training and aligning it with sales activities are better poised to thrive in a competitive landscape. This article serves as a valuable resource for business leaders, HR professionals, sales managers, educators, and researchers looking to understand and harness the interplay between employee development and business success to navigate the dynamic business world effectively.

Generative AI Models and Their Potential Business Use Cases

Generative AI Models and Their Potential Business Use Cases

Taxation of small business entities in the context of National Development Goals implementation

Subject. This article discusses the issues related to taxation in Russia, its special regimes and tax potential. Objectives. The article aims to analyze special tax regimes, formulate a definition of this concept, and develop a methodology for assessing the tax potential. Methods. For the study, I used the general scientific methods. A synergistic dualism method created on the basis of existing methods of tax potential assessing, was also applied. Results. The article highlights the main features, advantages and disadvantages of the special tax regime, describes approaches to taxation of small business, and reveals the concept of the tax potential of the territory. The article presents a model of Russia's tax potential and formulas for calculating the volume of tax revenues at the expense of natural, material and financial resources. The results of the analysis of the tax potential of small business in Russia from 2006 to 2021 are presented as well. Conclusions. The proposed measures to increase the taxable capacity of the area will be useful for federal projects.

Workshop and International Company Visit: Export Opportunities for Aceh's Creative Economy Products

Collaboration with Faculty of Economics and Business Lecturers, Research Center for Communication Marketing, Tourism & Creative Economy at Syiah Kuala University, Business Indonesia Singapore Association (BISA), and Cloud Retail PTE Ltd aims to overcome constraints in international market access, global understanding, and building robust business networks. Through training at Syiah Kuala University and a company visit to Cloud Retail PTE Ltd in Singapore, participants gain profound insights into product packaging, export licensing procedures, and distribution channels. The holistic training method, combining theory and practical experience, empowers participants to optimize their business potential in the creative economy and access the global market. Evaluation indicates enhanced participant understanding and readiness, with recommendations for strengthened collaboration, ongoing training, business network development, monitoring and evaluation, and advanced program development.

Reduksi Limbah Jerami Dan Sekam Padi Sebagai Pakan Ternak Alternatif

The quantity of straw and rice husk waste remains a crucial problem to be solved, especially in Maggenrang Village, Bone Regency, South Sulawesi, so an alternative way for farmers to reduce it is through the combustion process that will add the problem of the impact of temporary air pollution but is harmful to the health of other residents. Therefore, community service is carried out to provide innovative solutions to the Eccengnge’ Farmer Group in Maggenrang Village by transforming rice straw and husk through the delignification process, which is continued by making animal feed pellets. The method of implementing this activity is carried out with three main stages: counseling, training, and mentoring to partners. The results showed an increase in partners' skills with three evaluation components, namely knowledge with a rise of 90% and production and supporting skills with an increase of 90% and 80%. Increasing skills for partners provides potential business opportunities by adding value to straw and rice husk waste into products with high commercial value, thus supporting the fulfillment of alternative, independent feed by the Maggenrang Village government based on local potential.

Towards a standardized tool for improving the mainstreaming of climate change adaptation in Moroccan private companies

Climate change (CC) represents new and unprecedented challenges for businesses and is now viewed as a new business imperative. Unlike large multinationals, Small and Medium Enterprises (SMEs) are particularly vulnerable to climatic hazards, and often lack flexibility in the distribution of their risks. To preserve their business and sustainably strengthen their resilience and competitive advantages, SMEs must now systematically integrate adaptation to the impacts of CC in their business strategies and the various links in their value chain. Therefore, it is necessary to provide them with appropriate methodological tools dedicated to the assessment of their vulnerabilities and risks and the development of CC resilience strategies. Using an optimized approach to Moroccan SMEs, this research work provides a sequential flowchart to characterize and prioritize climate risks, identify potential business opportunities, and develop a coherent strategy to adapt to climate change, integrated with the Greenhouse Gas mitigation process. The development of this flowchart was guided by the results of the evaluation of the implementation of the Climate Expert tool to help analyze climate risks and opportunities- with several Moroccan companies and the benchmark of the instruments for screening and evaluating climate risks relevant to the Moroccan business context. Consequently, three main areas of impact have been identified, covering the company's core operations, the value chain and the external environment. Later, this flowchart will serve as the basis for developing an online tool for managers to assess vulnerability to climate risks at the scale of their companies and to identify and prioritize adaptation measures.

The Influence Of Sales Promotion And Customer Experience On Purchase Intention Mediated By Customer Satisfaction

The fast-moving consumer goods (FMCG) retail business in Indonesia has been experiencing rapid growth since 2019. With over 3.6 million traditional retailers (warungs), the Indonesian economy has greatly benefited from this industry, with a business potential of up to US$ 58 billions (Maulana, 2022). As digital transformation continues, business owners are increasingly digitizing their operations. The B2B e-commerce model is used to simplify the procurement process for shop owners. The purpose of the research is to examine the impact of Sales Promotions and Customer Experience on Purchase Intention mediated by Customer Satisfaction among AKSESMU digital application users in JABODETABEK. In addition, this research aims to identify the variables that directly or indirectly influence purchase Intention. Data was collected through an online survey using Google Forms from 207 respondents of AKSESMU digital application users in JABODETABEK. The collected data was analyzed using AMOS software version 24. The results indicate that Customer Experience and Customer Satisfaction have a significant and positive impact on the Purchase Intention of AKSESMU digital application in JABODETABEK.

Potential business model for a European vaccine R&D infrastructure and its estimated socio-economic impact.

Research infrastructures are facilities or resources that have proven fundamental for supporting scientific research and innovation. However, they are also known to be very expensive in their establishment, operation and maintenance. As by far the biggest share of these costs is always borne by public funders, there is a strong interest and indeed a necessity to develop alternative business models for such infrastructures that allow them to function in a more sustainable manner that is less dependent on public financing. In this article, we describe a feasibility study we have undertaken to develop a potentially sustainable business model for a vaccine research and development (R&D) infrastructure. The model we have developed integrates two different types of business models that would provide the infrastructure with two different types of revenue streams which would facilitate its establishment and would be a measure of risk reduction. For the business model we are proposing, we have undertaken an ex ante impact assessment that estimates the expected impact for a vaccine R&D infrastructure based on the proposed models along three different dimensions: health, society and economy. Our impact assessment demonstrates that such a vaccine R&D infrastructure could achieve a very significant socio-economic impact, and so its establishment is therefore considered worthwhile pursuing. The business model we have developed, the impact assessment and the overall process we have followed might also be of interest to other research infrastructure initiatives in the biomedical field.

Role Of Institution In Field Of Entrepreneurial Development

Role Of Institution In The Field Of Entrepreneurial Development Abstract:- Institutions play a crucial role in the field of entrepreneurial development by providing a supportive ecosystem for entrepreneurs to thrive and succeed. This abstract will highlight the key roles institutions play in fostering entrepreneurship. Entrepreneurial development institutions, such as business incubators, accelerators, universities, government agencies, and non-profit organizations, act as catalysts in the entrepreneurial ecosystem. They provide various resources, guidance, and support to aspiring entrepreneurs, startup companies, and small businesses. Firstly, institutions offer education and training programs to enhance entrepreneurial skills and knowledge. They provide workshops, courses, and mentoring opportunities to equip individuals with the necessary business acumen, management techniques, and industry-specific expertise. These educational initiatives help entrepreneurs understand market dynamics, develop viable business models, and improve their chances of success. Secondly, institutions facilitate access to funding and financial resources. They connect entrepreneurs with potential investors, venture capitalists, and angel investors who are willing to provide capital to fuel business growth. Institutions may also offer grants, loans, or equity-based financing options to support entrepreneurs in their early stages when traditional funding may be challenging to obtain. By bridging the financial gap, institutions help entrepreneurs turn their innovative ideas into viable business ventures. Furthermore, institutions provide networking and collaboration opportunities. They organize networking events, conferences, and forums where entrepreneurs can connect with like-minded individuals, industry experts, and potential business partners. These platforms enable entrepreneurs to exchange ideas, share experiences, and forge valuable partnerships that can contribute to their business success. Institutions also play a crucial role in facilitating access to markets. They provide entrepreneurs with market intelligence, research, and guidance on market entry strategies. Additionally, they help entrepreneurs navigate regulatory frameworks, intellectual property rights, and other legal aspects, reducing barriers to market entry and facilitating business growth. Moreover, institutions foster a culture of innovation and risk-taking. They create an environment that encourages entrepreneurship, celebrates entrepreneurial success, and provides support during setbacks. Institutions promote an entrepreneurial mindset by organizing competitions, awards, and recognition programs that motivate individuals to pursue entrepreneurial opportunities. In summary, institutions in the field of entrepreneurial development play a multifaceted role in supporting and nurturing entrepreneurial ventures. They provide education, training, funding, networking, market access, and a conducive environment for entrepreneurs to thrive. By offering comprehensive support, institutions contribute to the growth of innovative startups, job creation, economic development, and societal progress.

Perancangan Charger Station Dengan Pembayaran Uang Koin Beserta Analisa Potensi Bisnisnya

At this time, many electronic devices use battery technology such as laptops, cell phones, Bluetooth earphones (TWS), Bluetooth speakers and others. The device requires electrical energy from the battery to operate. It's normal for people with high mobility who often leave the room to run out of battery power. Because of that, how do you solve the problem of running out of battery energy / low battery on electronic devices, because of that a charger station tool was designed with coin payments where there is business potential in designing the device. This study uses the PZEM-004T module as an electrical energy sensor and multi coin acceptor to select coins that enter the charger station system, then the WeMos D1 mini will control the SSR and provide information via the 16x2 Alphanumeric LCD and the Blynk application because the WeMos D1 mini module supports the Internet. of Things (IoT). The information displayed on the Alphanumeric 16x2 LCD is the remaining kWh balance, voltage and load power of the charger station user, then the Blynk application displays information on the number of rupiah coins that have been entered, the remaining kWh balance, voltage, current, power factor and load power of the charger user. This charger station system uses a coin of Rp. 100, Rp. 200, Rp. 500 and Rp. 1000, where if the coins are inserted into the charger station system, the user will get a kWh electricity balance according to the calculation of the selling price. The author uses a profit margin of 300% of the cost of class B1 PLN electricity rates plus the cost of the charger station system electricity.

Peran BMT Dalam Peberdayaan Usaha Mikro Terhadap Persepsi Nasabah

Financial institutions have played a very large role in the development and growth of modern industrial society. BMT is included in the Sharia Financial Institutions which are operated on the principle of profit sharing, trying to grow and develop micro, small and medium enterprises, in order to raise the level and dignity and defend the interests of the poor. The aim of this research is to determine the role of BMT in empowering micro businesses and the potential of businesses financed at Baitul mal wa tamwil (BMT) to develop economic activities so that they provide positive, prosperous and of course more independent results. This research is qualitative research with a descriptive research type, and the research data is taken from first-hand data, namely customer perceptions and second-hand statements that can be trusted. Data collection techniques include interviews, observations and information from books, articles, journals and theses. Research findings show that BMT plays an important role in empowering micro businesses by providing financing in accordance with sharia and cooperative work operational agreements. That way, MSMEs will become more advanced and able to absorb workers, which of course will help a lot in economic development and alleviating poverty due to reduced employment opportunities.

ChatGPT: Stream of opinion in five newspapers in the first 100 days since its launch

In the last decade, journalism has progressively incorporated artificial intelligence (AI) into several processes: information analysis, content extraction, audience research, and automated copywriting, among others. ChatGPT, which has a great capacity for interacting with people through natural language and providing a response to almost any topic, focuses on content creation. This significant technological advancement rekindles the debate on whether machines will replace humans, including journalists. Focusing on the case of the Spanish press and using the framework of studying media participation in the public debate, we are interested in the press’s reaction to ChatGPT’s launch. Specifically, we asked the following questions: What were the issues that dominated the debate, and what voices were called upon to express their opinions? The stream of opinion on this issue was analyzed from a communication studies and discourse analysis perspective, starting with the identification of opinion statements expressed in articles of various journalistic genres conveyed by the press during the first 100 days since the launch of ChatGPT on November 30, 2022. We worked with 176 press articles that addressed the subject in five Spanish generalist newspapers. The results showed that the flow of opinion developed from 8 subtopics and 11 groups of voices. The prevailing opinion during this period was that ChatGPT is an extraordinary technological milestone, even if it makes mistakes that reveal the technology’s immaturity. The main shortcomings identified were the inability to distinguish between what is true and what is false, its tendency to function as a black box, and its failure to account for the sources it uses. However, owing to the business potential that it heralds, it is clear that a real war for the dominance of AI has broken out, which makes it necessary to put regulations in place to reduce the risks of malicious use.

«ТИхИЕ» ТЕНДЕНЦИИ В УПРАВЛЕНИИ ПЕРСОНАЛОМ: НОВыЕ ТЕРМИНы ИЛИ НОВыЕ ПРОБЛЕМы?

The article is devoted to a study from the point of view of personnel management of the phenomenon of «quiet quitting» — a way of thinking in which employees deliberately limit their work activities to a description of their work, meet, but do not exceed pre-set expectations, never voluntarily take on additional tasks and do it all simply to maintain their current employment status, prioritizing their well-being over the achievement of organizational goals. Based on the generalization of the results of global and national studies, the main reasons for the spread of this phenomenon (including among young employees), as well as potential business risks that may arise as a result of «quiet quitting», if this phenomenon persists for a long time, are highlighted. The conclusion is substantiated that the phenomenon of «quiet quitting» is only partly a consequence of work during the pandemic, representing part of a larger picture of rethinking the institution of work. The interrelation of the problem of «quiet quitting» and the application of the practices of «quiet firing» and «quiet hiring» by organizations, their possible consequences for organizations and personnel are analyzed. Some proposals for the prevention of «quiet quitting» are presented, concerning the management of burnout, promotion of work-life balance, support for the mental health of employees and their development.

The Role of Digital Literacy to Promote the Gender Equality

Digital Technology is crucial part of everyone’s life. This research is based on the digital literacy role to promote the gender equality in every field. According to UNICEF, 2017, Digital literacy is becoming more and more recognized as a necessary skill for employability and has been associated with increased earning potential and new business opportunities. This research found that various obstacles faced by female during the usages of digital technology. There are various measures introduced to overcome this problem. Education policy should place a strong emphasis on digital literacy for both boys and girls. To reach girls at a young age and provide them the opportunity to develop their talents over time, digital skill training should be incorporated into formal school curriculum starting in the basic grades.

Potential Business Models of Carbon Capture and Storage (CCS) for the Oil Refining Industry in Thailand

The escalating concerns over climate change have propelled industries worldwide to seek innovative strategies for mitigating greenhouse gas emissions. Within the energy sector, Carbon Capture and Storage (CCS) technology emerges as a promising solution to curtail emissions and foster sustainable development aims for the net zero approach. This research delves into the role of government support in expediting CCS adoption for the maximum potential of 9.79 MtCO2 storage from six major refinery plants. The refineries mentioned above are anticipated to necessitate an initial capital investment of approximately 18,307 million THB. This research focuses on potential business model proposals appropriate for a country’s context, specifically, applying CCS technology to the Thai oil refining sector. To achieve the realization of CCS within the context of this study, a combination of three essential measures will be required: tax incentives, carbon credits, and grants. This process will commence with the implementation of tax incentives, followed by an increase in the carbon price within the country. Finally, the establishment of a dedicated fund, funded through deductions from oil excise tax revenue, will play a pivotal role in facilitating the necessary financial support for the emergence of CCS.

Diversity and uniqueness of Family business in the North of Portugal

Abstract Family businesses are the most omnipresent form of business organisations at the international and national levels. In Portugal, family firms account for more than 70% of all businesses, contributing with 50% in employment creation. Yet, most of the existing literature does not converge in a consensual and operative definition of what are core elements which distinguish family business from non-family business. Therefore, it is crucial to extend our knowledge on important family business topics due to the broadness, diversity, uniqueness and growth potential of family business in the whole world. In this sense, the ongoing project “Roadmap for Portuguese Family Businesses” (NORTE2020/FEDER) is focused on providing a better understanding and assessment of the impact of family businesses in the North of Portugal on the local, national and international economies. This research addresses a major problem that has been identified in Europe and consists in the lack of institutional visibility, particularly of accurate and up-to-date statistics in this sector. This paper begins by identifying some of the interesting research questions that emerge from examining the business family portraits. Then, based on some preliminary empirical findings gathered from ongoing research, first of all, we intend to identify interesting profiles of family business by mobilising some socioeconomic variables; and secondly, to point out major challenges faced by Portuguese family business.