Business Profile Research Articles

VALUASI BISNIS PERUSAHAAN PT JAMINAN PEMBIAYAAN ASKRINDO SYARIAH DALAM RANGKA IPO DI TAHUN 2022

In order to absorb the potential of the sharia guarantee business in the future which will grow rapidly, PT Jaminan Pembiayaan Askrindo Syariah with the brand name "Askrindo Syariah" will carry out corporate actions, one of which is an initial public offering (IPO) in 2022. Askrindo Syariah's performance shows an increase in 5 years. However, Askrindo Syariah's business profile, which is mostly high-risk products, shows that the company's performance is not optimal even though it has increased. Accordingly, Askrindo Syariah needs to set a strategy in preparation for the IPO. The purpose of this study was to determine the business valuation of the company's strategy for Askrindo Syariah related to the initial public offering (IPO) plan in 2022. The results of the study show that the fair value range of share prices related to Askrindo Syariah's decision to carry out an IPO in 2022, based on the calculation of free cash flow to equity, the value of the company in 2022 is IDR 2,111,814 per share, while based on the relative valuation the book value is amounting to Rp 2,331,168,- per share. The results of this study can also determine the business valuation in 2025, the value of the company based on calculations using the FCFE method is Rp.2,929,706, - while based on the book value method is Rp.3,383,228,-. To maintain the company's value as projected, Askrindo Syariah needs to implement a company strategy to reach good underwritting quality product

Coconut Oil Processing Business Competitiveness Analysis In The District Of Wowonii Barat Konawe Regency Islands

AThe purpose of this study was to analyze the competitiveness of the coconut processing business and the factors that determine the competitiveness of the coconut oil processing business in the Wawonii sub-district, Konawe archipelago district. This research uses descriptive and qualitative data analysis methods with research variables, namely: (1) the profile of the coconut oil business, including the capital, labor, duration of business, raw materials, income, facilities, and infrastructure; (2) the state of the coconut oil business which includes: processing, production, and marketing technology; and (3) internal and external factors which are external factors originating from outside the person or company which include opportunities and threats, while internal factors are those originating from within the person or company which include weaknesses and strengths. Data collection techniques in this study are by means of interviews, questionnaires, and documentation, and this research's primary and secondary data sources. The stages of this research are the number of raw materials, capital, income, revenue, ratio, and productivity of the coconut oil processing business. The results of this test produce an average income of Rp. 2,796. 223 with an average capital of Rp. 3,746,278 and average business productivity of Rp. 1.90 per bottle and an average ratio of 1.7. with the results obtained from the coconut oil processing business in the West Wawonii District, Konawe Islands Regency.

Humanizing the teaching of Business Law for non-law university students of Business Administration

The article discusses Role play, Simple Question, Journal writing as techniques for teaching Business Law to Business Administration students. The educator’s perspective is believed to have a dramatic effect on the choice of teaching methods and techniques. From a management point of view, the understanding of law underlies a strategy to avoid lawsuits. The introduction of teaching approaches and techniques that respond to the graduates’ professional and human needs, such as role play, simple question and journal writing, is described as humanizing the teaching of Business Law, intended to arouse motivation and enhance learning outcomes for Business Administration students.
 The article describes a step-by-step methodology of implementing the above teaching techniques in the real-time education process. The methodology has been approbated at Mount Saint Mary’s University Los Angeles in the Business Law course during the Spring Semesters since 2017, totaling 15 courses. By completing the Business Profile and Business Journal and actively participating in the role play process, the non-law students were able to practice public speaking, develop their research skills and gain an understanding of the management and legal perspectives’ application in the business environment.
 The quantitative evaluation of results was performed via program learning outcomes testing, and the qualitative evaluation – through unstructured post-test interviews with the participating students. The preliminary results used have been the comments provided by the End of Course Evaluations and the Peregrine Assessment of Associate of Arts Business degree program. Both quantitative and qualitative measurement showed increase in the program learning outcomes and students’ motivation and engagement. The impact on the Bachelor of Arts program will not be available until 2021. The experiences and results in using role play, simple question and journal writing have been used to provide recommendations for enhancing learning experiences and outcomes in teaching Business Law to non-law students.

The Resilience of Urban Retail System in the Face of the COVID-19 Pandemic. The Case Study of Poland

Urban retail systems in Poland have been changing constantly during the last 30 years. When it seemed that the consumption lifestyle of Poles became stable, and likewise the relations within the urban retail system, it was placed under the strain of the shock of the pandemic. The aim of the study is to discuss challenges that the urban retail systems face as a consequence of the COVID-19 pandemic, how the relationships within those systems have changed and how the resilience of entities that create urban retail systems has changed. The article focuses on the case study of Poland, the largest and the fastest growing country in Central and Eastern Europe. To achieve the research goal, a broad and detailed critical literature review was used: literature, scientific articles, reports and daily press with a business profile were analyzed. Complementary to a qualitative approach was an analysis of quantitative data from the Central Statistical Office of Poland and Eurostat regarding the period from 2007 to 2021. The COVID-19 pandemic constitutes a unique occasion in which to conduct a stress-test of the concept of retail resilience in the lively organism of a city; it also delivers a useful framework for analyzing processes occurring in the Polish retail trade. The undertaken research contributes to these concepts by indicating how the shock of COVID-19 could affect components of the urban retail system in ambivalent ways as they express different levels of resilience. Some elements of the system had no problems with adjustments to the shock of the pandemic, whereas others with more rigid structures had problems with adaptation.

Identifying COVID-19 Instagram behaviour patterns via a novel network analysis pipeline

Instagram has become one of the most widely used social media platforms globally. As such, the volume of information generated by Instagram users makes it an excellent data mine to study human behaviour. Although researchers have turned to Twitter data to observe the flow of misinformation surrounding the COVID-19 pandemic, there is little to no publication on COVID-19 behaviours on Instagram. To address this knowledge gap, an extensive analysis was conducted on COVID-19-related big data from Instagram. 5,300 global Instagram posts were collected between January 5 and March 20 of 2020, and the associated hashtags were processed using a novel, highly extensible Social Network Analysis pipeline. Eigenvector centrality and weight cluster indexing partitioned the hashtag data into eleven clusters, three of which were studied to reflect public behaviour. The data revealed that the mental health cluster consisted mainly of Instagram business profiles and that these were associated with positive sentiments on COVID-19. It was found that a niche cluster containing conspiracy-related content was primarily created by real Instagram users and was associated with very negative sentiments. A supervised machine learning approach was also used to classify hashtags related to comedy and memes as bot-generated content. For future investigations, it is recommended that a large-scale behavioural analysis of bots and their effects on pandemic information be performed.

Informal Lending Practices and Profitability of Rice Retailers in Borongan City

This correlational study explored the relationship between informal lender’s practices and profitability of fifty-three (53) rice retailers in city of Borongan using a researcher-made-three part questionnaire on the business profile, level of practices among informal lenders and weekly income of the respondents. Data were sourced out from rice retailers who lent sum of money from “5-6” informal lenders, and were utilized using descriptive and inferential analysis test at .05 level of significance. Findings revealed that Majority of the respondents had been in the middle years of retailing business, used an average initial capital sourced out from their personal savings and are earning an average weekly income. The respondents’ perceived that informal lenders assess clients’ financial needs and willingness to pay without requiring collateral from them and that rice-retailers reloan due to fast processing of funds and the great customer service. Using regression analysis, year in business was found to be a significant predictor of increase in the profitability of rice retailing services. While, no significant relationship was seen between the rice retailers’ weekly net income and the level of practice among informal lenders. The researcher recommends that government and non-government agencies to provide intervention that will improve the microbusiness enterprise in the market using the help of informal and formal lending institutions and that wider scope of the study should be made to include other small business sectors that are affected by informal lenders.

Design and implementation of transaction privacy by virtue of ownership and traceability in blockchain based supply chain.

Blockchain was at the top of the 2016 Gartner hype cycle and has been integrated into business profiles by numerous start-ups. Since the emergence of blockchain through Bitcoin, studies have been conducted to increase blockchain applications for nonfinancial uses. A supply chain is a sector where blockchain is anticipated to have crucial applications. In a traditional supply chain, maintaining traceability and ownership remains a serious issue. In the supply chain, blockchain can increase trust, improve traceability, and eliminate the middle man. It makes the supply chain more transparent though, raising the privacy issue. In this paper, a new approach for transaction privacy is proposed by considering ownership and traceability. The proposed system retains the advantages of blockchain and centralised database server. Its novelty lies in achieving privacy by generating symmetric keys, employing product codes and current timestamps, and it uses asymmetric key elliptic curve cryptography for transaction validation and user identification. The proposed system allows product owners to trace the product and enables its transfer. It protects the supply chain from counterfeit products. The Hyperledger Sawtooth blockchain was used for experiments. Security and privacy analysis show that the proposed system can afford privacy without impinging on traceability and ownership. The results estimate that privacy incorporation introduces an overhead of 4.4%. In the experiment, the performance of the proposed system bettered the results of the existing techniques such as POMS and b_verify.

The pivotal factors of IT projects' success – Insights for the case of organizations from the Federation of Bosnia and Herzegovina

This research aims to investigate the circumstances and possible reasons for a very high and rather unexpected success rate of Information Technology (IT) projects implemented in the Federation of Bosnia and Herzegovina (F BiH). For that purpose, the existing literature was reviewed thoroughly, and appropriate research design was formulated. In order to answer the research questions posed, a questionnaire was developed and sent to 400 companies in the F BiH that meet the defined business profile, yielding 62 valid responses. For the purpose of data analysis, a multivariate analysis of variance (MANOVA) was employed. The obtained results show that keeping the project size small significantly increases the odds for achieving IT project success, regardless of the organizational maturity level in project management. In addition, the higher the organizational maturity level in project management, the higher IT projects success ratio. Results also revealed that the differences between IT projects’ success ratio of different groups of organizations are primarily induced by the time and costs project constraints, but not with the project scope.

ANALISIS AGROINDUSTRI LEMPUK DURIAN DI DESA SELATBARU KECAMATAN BANTAN KABUPATEN BENGKALIS

Agroindustry is an activity of processing agricultural products to be semi-product or product that has economic value. The purpose of this study was to determine the characteristics of entrepreneurs and agroindustry business profiles of lempuk durian, the use of raw materials, supporting materials, labor, processing technology, and production processes of lempuk durian, the poduction costs, income, efficiency and added value of lempuk durian, and marketing of durian products. The study used survey methods located in Selatbaru Village, Bantan District, Bengkalis Regency, Riau Province. A total of 4 craffsmen was selected as respondents by the census. The data were analyzed by qualitative descriptive and quantitative descriptive approaches. The results showed that the lempuk durian craffsman averaged 47 years old, 12 years old education, 14 years of business experience, and 5 person of family member. Agroindustry profile of lempuk durian was a small-scale industry category. The use of raw materials consisted of durian meat and supporting materials such as sugar, firewood, plastic packing, bunch, string, label, isolation, solar, and gas cylinders. The average use of fixed costs was IDR 1,968,633 per production process, production costs was IDR 15,886,133 per production process, gross income was IDR 26,937,500 per production process and net income was IDR 11,051,367 per production process and RCR value was 1.70 with value-added IDR 51,016. The marketing of lempuk durian had two marketing channels.

ANALISIS USAHA DAN STRATEGI PENGEMBANGAN PEMASARAN BOLU KEMOJO DI KELURAHAN TANGKERANG SELATAN KECAMATAN BUKIT RAYA KOTA PEKANBARU (STUDI KASUS PADA USAHA CIK PUAN)

This study aims to analyze the characteristics of the entrepreneur and the business profile of the kemojo sponge, the procurement of raw materials and supporting materials, processing technology, costs, income, business efficiency and added value, and strategy for marketing development of the kemojo sponge marketing. The method used was the survey method. Respondents were collected 1 manager and 2 workers in Tangkerang Selatan Village, Bukit Raya District, Pekanbaru City. The data collected consistsed of primary data and secondary data and were analyzed using descriptive qualitative and quantitative. The results showed that the age of manager was 49 years, while the average age of the workers was 23 years old. The length of education of manager was 12 years, while the worker was 12 years on avera. The family member of the manager was 3 people with 13 years experience, while the worker has an average experience of 4.5 years. The business has been starting from 2007 and had a business license. The source of capital from the Bank loan with household scale and used worker as 2 people. The use of raw materials per process production was 5 kg of flour, Rp. 198,575 of supporting materials with the simple technology. The total cost was Rp. 319,020, the gross income was Rp. 1,020,000 and net income of IDR 700,980 per production process on average. The added value obtained was IDR 149,500/kg with the RCR of 2.20. Based on the strategy of developing the kemojo sponge agro-industrial business, it is stated that this business is in quadrant I, so it can perform the SO strategy, including maintaining product quality to increase consumer satisfaction and maintaining affordable product prices by looking at market information.

ANALISIS USAHA DAN PEMASARAN MADU KELULUT DI KABUPATEN KAMPAR

Bee breeding is a side job and source of income for local population. The research objectives were to analyze the characteristics breeders and business profile of kelulut honey, to know the kelulut honey cultivation technology, recognize the rocessing (agroindustry) of kelulut honey, determine the production costs, production, income, and efficiency of kelulut honey, and analysis the marketing of kelulut honey in Kampar regency. This study used a survey method. The sample was selected by purposive sampling as 26 breeders. Data were analyzed qualitative and quantitative descriptive approaches. The results showed that the characteristics of the breeders were in the productive age category (26-55 years old), SD-Bachelor education and breeding experience between 1-6 years. The business was established in 2016 with the name of “Kelompok Madu Galo-Galo Kuok Lestari”. The breeders have 2-40 bee boxes and use family labor. Technology of breeding kelulut honey consisted of a parent colony, colony splitting, manufacture and placement of hive, maintenance, and harvesting. The processing was traditional. Kelulut honey required a production cost of IDR 487,883.33/production process, produce an average production of 20.04 liters during the flowering season and the non-flowering season 7.79 liters. The average net income derived each harvesting as IDR 2,973,655.13/breeder/boxe and IDR 858,270.52/ breeders/boxe during on flower season and off season, respectively. Kelulut honey marketing only sells to the city of Pekanbaru.

Pelatihan Penyusunan Perencanaan Bisnis dan Periklanan pada Kelompok Pemeliharaan Ulat Jerman Srikandi Berdikari

Srikandi Berdikari is a group of youth who focuses on breeding superwoms (zhopabas morio) located in Grujugan, Bondowoso. This is a relatively new business activity in which any means of assistances are needed by the group in order to develop the business. Through this community service activity, it is expected that the group can benefit from the activity which focuses on (1) developing a business plan by using Business Model Canvas (BMC), (2) producing business profile, and (3) designing product label and packaging. The activities were done both online through virtual meeting due to the current situation of Covid-19 pandemic and offline by visiting the business site by considering the Covid-19 protocol. The results of the community service activity show the that the group is able to develop a business plan as well as producing a business profile and product label.

ENTERPRISES INVESTMENT ACTIVITY: SOURCES OF RECOVERY

Background. The article examines the essence and main factors influencing the investment activity of economic entities, identifies the main means of stimulating it. The directions of attracting investments by the sectors of Ukraine’s economy are considered. The main transformation vectors of the state mechanism of investment processes mana­gement in Ukraine are singled out. The aim of the article is to determine the prerequisites and reserves for increasing investment activity of economic entities of Ukraine, its means in a multi-vector environment based on the study of the state, recovery sources in modern conditions of the investment process analysis of state initiatives to change the paradigm of the influence mechanism on the formation of a new phase of the investment cycle. Materials and methods. General scientific methods such as methods of logical generalization, abstraction and formalization, synthesis and analysis, induction, analogies, etc., were used in this paper. Results. Ukraine does not have a stable system of motivation and stimulation of investment supply, which does not completely launch the national investment market, and in the presence of a high demand level for them, the investment mechanism has not been developed and even has braking nature. Analysts consider that the statistical reflection system of economic processes needs radically restructuring, which significantly affects the quality of their diagnosis, development of forecasts, investment proposals, and justification of the parameters of their implementation. The attracting policy of foreign investment at least at the level of foreign direct investment is not systematic. The investment climate is improving in Ukraine, so it is necessary to revise the list of business profiles of the enter­prises that may receive state support for their investment initiatives. Conclusion. The systematic reform of state mechanisms for managing investment processes is based on the formation of investment behavior of all participants according to modern world models, their activation in new coordinates of sources of investment needs, and tools to meet it. It is necessary prerequisite for increasing investment activity of eco­nomic entities in Ukraine. According to the latest publications of government developments over a long period, a new paradigm of managing country economic development is beingformed in Ukraine, where the introduction of investment activity of all participants is given a fundamental role. Keywords: investment activity, investment resources, investment cycle, business climate, competitive advantages.

The Australian Government’s business-friendly employment response to COVID-19: A critical discourse analysis

AbstractThe COVID-19 pandemic has created economic crises and considerable loss of employment throughout the world. In the Australian context, social distancing restrictions and business closures contributed to a dramatic increase in unemployment, with 780,000 people losing work within weeks of the first COVID-19 outbreaks. Job losses were concentrated in casualised industries such as retail, recreation, arts and culture, hospitality, and accommodation. We examine policy discourses framing independent work, entrepreneurial workers and flexible work relations as essential for ‘economic recovery’, where this means business flexibility, productivity and future economic prosperity. We draw on these framings to show how the equation of flexible work relations and productivity underpins the Australian Government’s response to unemployment caused by the pandemic, as reflected in policy announcements and proposed changes to industrial relations law. In these proposals, constructions of ‘job creation’ and ‘economic recovery’ rationalise industrial relations changes that further empower business, through conflating public and business interest. At the same time, ensuing labour market deregulation and the changing profile of business renders the very idea of ‘jobs’ tendentious.

METHOD OF SYSTEM ENGINEERING OF NEURAL MACHINE TRANSLATION SYSTEMS

Background. There are not many machine translation companies on the market whose products are in demand. These are, for example, free and commercial products such as “GoogleTranslate”, “DeepLTranslator”, “ModernMT”, “Apertium”, “Trident”, to name a few. To implement a more efficient and productive process for developing high-quality neural machine translation systems (NMTS), appropriate scientifically based methods of NMTS engineering are needed in order to get a high-quality and competitive product as quickly as possible. Objective. The purpose of this article is to apply the Eriksson-Penker business profile to the development and formalization of a method for system engineering of NMTS. Methods. The idea behind the neural machine translation system engineering method is to apply the Eriksson-Penker system engineering methodology and business profile to formalize an ordered way to develop NMT systems. Results. The method of developing NMT systems based on the use of system engineering techniques consists of three main stages. At the first stage, the structure of the NMT system is modelled in the form of an Eriksson-Penker business profile. At the second stage, a set of processes is determined that is specific to the class of Data Science systems, and the international CRISP-DM standard. At the third stage, verification and validation of the developed NMTS is carried out. Conclusions. The article proposes a method of system engineering of NMTS based on the modified Erickson-Penker business profile representation of the system at the meta-level, as well as international process standards of Data Science and Data Mining. The effectiveness of using this method was studied on the example of developing a bidirectional English-Ukrainian NMTS EUMT (English-Ukrainian Machine Translator) and it was found that the EUMT system is at least as good as the quality of English-Ukrainian translation of the popular Google Translate translator. The full version code of the EUMT system is published on the GitHub platform and is available at: https://github.com/EugeneSel/EUMT.

Assessment of Financial Management Practices of Small and Medium Enterprises (SMEs) in Nasugbu, Batangas

The Small and Medium Enterprises have been identified as important contributors to economic development who are facing a range of challenges which work against their progress, one of which is financial management. This study aimed to assess the financial management practices of small and medium enterprises in Nasugbu, Batangas. The researchers used the descriptive method with a questionnaire as the main instrument in gathering data from 34 respondents. Frequency, percentage, and mean were used as statistical tools in the study, and analysis of variance was used to determine the significant differences between variables. The data gathered were tallied, analyzed and interpreted. The results of the study revealed that majority of the respondents implement financial management practices. Financial management practices such as financial planning, investment, and working capital management are highly applied by small and medium enterprises in Nasugbu, Batangas. It was also revealed that there is a significant difference in the application of financial management practices of small and medium enterprises when they are grouped according to business profile. The outcome of this study may be useful for the entrepreneurs to focus on financial management practices in order to enhance their business performance.

Social Media Marketing for User Engagement: Evidence from Bosnia and Herzegovina

Internet enabled the emergence of social media platforms, opened new markets and changed the way businesses and organizations operate, communicate with their target audience, promote their activities and achievements. Non-profit organizations worldwide use social media platforms and strive to increase user engagement and the number of reactions to achieve their goals. Although in Bosnia and Herzegovina, non-profit organizations use social media platforms, there is no empirical evidence of their success in increasing user engagement and the number of reactions. This study investigates which social media factors have an influence on user engagement, particularly on the number of reactions on Facebook posts. The real data from the period of 15 months were collected from a Facebook business profile of a non-profit organization from Bosnia and Herzegovina. SPSS and Excel were used to analyze the data. According to the research results, the period of publishing and the number of photos have an effect on the number of reactions on Facebook posts, while the amount of text and the day of publishing do not have an effect on the number of reactions.

The Role of Geographical Area and Entrepreneurs' Personality.

This study proposed a line of research on entrepreneurship based on the analysis of personality traits and geographical area. Its objective is to identify whether certain personality traits or sociocultural variables typical of a particular geographical area influence those who have already started an entrepreneurial activity to keep it up, in other words, to maintain their entrepreneurial intention. The research results reach a sample of 479 entrepreneurs from two Iberian Peninsula geographical areas. The analyse of the psychometric properties on the Entrepreneurial Orientation Questionnaire (EOQ) identified five dimensions of the enterprising personality. They also evidence that geographical location is a factor that contributes to the development of the entrepreneurial intentions that determine the business profile. The results show that entrepreneurs in the northern area tend to maintain their business than those in the central zone.

Kinabuch Customer Relationship Management in Puerto Princesa City as Correlated to Customers' Preference and Satisfaction

This research is descriptive-correlation. It describes the business profile of the business establishment, the customer relationship management, and the customers' profile. It correlates the customer relationship management of Kinabuch as viewed by the owner and employees to the customer preference and satisfaction with the services offered. The respondents of the study were the business owner, 15 employees, and 50 customers. For statistical treatment, it employed frequency, percentage, rank, t-test, weighted mean, and correlation coefficient. Data gathering was done using a researcher-made questionnaire. This study found out that Kinabuch after operating for almost 15 years was profitable and well-known to both local and foreign tourists visiting Puerto Princesa City and employed Palawan folks. Most of the customers were considered as walk-in, local, and working middle class who can afford to drink and dine with friends and families. The customer relation management viewed by the owner and employees of Kinabuch has received a descriptive rating of much true or 3.83 equivalent to its numerical rating. The customer preference for the services offered by Kinabuch has received a descriptive rating of much preferred or 4.12 equivalent. The customer satisfaction with the services offered by Kinabuch has received a descriptive rating of much satisfied or 4.36 equivalent to its numerical rating. The null hypothesis is rejected thus, suggests that the correlation between customer relationship management and customer preference and satisfaction is significant. This study recommends that the management should look into the findings and consider the recommendations made by the researcher.

ANALISA DAMPAK KEBIJAKAN PENURUNAN TARIF PAJAK PENGHASILAN (PPh) FINAL UNTUK UMKM TERHADAP PENERIMAAN PAJAK NEGARA DI KOTA BATAM PROV. KEPRI

This study aims to determine whether MSMEs in Batam have implemented PP No. 23 of 2018 according to the form of business or business profile the impact of this rate reduction of this rate reduction on tax revenue at KPP Pratama Batam Selatan. Data obtained from distributing questionnaires via Google form and interviews and direct data collection at KPP Pratama Batam Selatan. The sampling method of this research is purposive sampling technique.and uses descriptive quantitative by investigating the influence of the MSME business profile variable on State Revenue through taxpayer compliance. State revenue data comes from PPh 4 paragraph 2 specifically for MSMEs with PP. No. 46 of 2013 and PP No. 23 of 2018 over period of 4 years, namely 2016 to 2019. And using regression and path analysis. So that the results of this study indicate that the business profile is significant on taxpayer compliance, as well as the significant result between taxpayer compliance with state revenue, but business profile has no significant effect on State Revenue, the effect is direct, but the results differ if the effect of business profile on State Revenue through compliance. The result of taxpayers is significant.