Business Terms Research Articles

Digital twins in product-service lifecycles: a framework proposal for enhancing competitiveness and sustainability in manufacturing business

ABSTRACT Manufacturing companies have shifted their interest toward comprehensive solutions and novel digital technologies. These technologies, such as digital twins (DTs), have enabled new business opportunities for various actors throughout product and service lifecycles, from initial drafts to disposal or reuse. However, the concreteness of these opportunities in terms of competitiveness and sustainable business still requires further study. Thus, this article examines the possibilities of data-based business and DT-enabled solutions in the manufacturing business along all stages of product-service lifecycles. The research method of this study was qualitative; it included semi-structured thematic interviews with manufacturing industry professionals. The study obtained extensive results: DT-based lifecycle solutions can provide competitiveness and sustainable value in several ways by contributing from design to usage optimization and renewal of solutions. The study also helps to understand the potential of the end of a lifecycle, as it encourages companies to assess the value of the data-based business and DT-enabled solutions throughout the entire lifecycle of a product. As a main contribution, the results inspired an updated product – service lifecycle management framework. Manufacturing companies can use this study to evaluate and recognize new business opportunities and to find ways to enhance the competitiveness and sustainability of their operations.

Transformational leadership and organizational citizenship behavior: Mediating role of affective commitment and work engagement of hotel employees in Indonesia

Employees who voluntarily conduct work that surpasses the criteria allocated to them to help the company achieve its goals exhibit organizational citizenship behavior. This study aims to examine the mediation role of affective commitment and work engagement on the influence of transformational leadership on organizational citizenship behavior. This study used survey methodology. Two hundred frontline staff working over a year in several star-rated hotels in Medan, Indonesia, are used as samples. Data were collected using a Likert scale questionnaire and analyzed using structural equation modeling-part least squares with SmartPLS 4.0 software. The findings show that transformational leadership, affective commitment, and work engagement affect organizational citizenship behavior (p < 0.05). Next, transformational leadership affects affective commitment (p < 0.05) and work engagement (p < 0.05), and transformational leadership affects organizational citizenship behavior through affective commitment (p < 0.05) and work engagement (p < 0.05). The findings of this study recommend that hotel management should use a transformational leadership style when filling managerial positions. In addition, the study results have implications for businesses in terms of creating arrangements that encourage employee engagement and affective commitment, enabling workers to volunteer their time, energy, and ideas to serve their co-workers and the company. This paper helps to develop human resources to maintain the sustainability of hotel industry in Medan, Indonesia. AcknowledgmentThis study is supported by all levels of management at Universitas Muhammadiyah Sumatera Utara for funding Fundamental research in 2022 and thanks also to the ranks of the Institute of Research and Community Service (LPPM) Universitas Muhammadiyah Sumatera Utara.

Analysis of Soybean Supplier Selection for MSMEs Tofu Tempe Using the Analytical Hierarchy Process (AHP) Method

In the process of processing food products which are widely produced by home industries such as tofu and tempeh, one of the things that needs to be considered is procurement management which includes raw material purchasing activities. In raw material purchasing activities, supplier selection is an important process because it can help a business in terms of reducing raw material costs, inventory costs, and distribution costs as well as encouraging efficiency in terms of production time to product marketing. Therefore, this research will explain a tough and effective supply chain management system for conducting risk assessments in supply chain management, especially in home industries using distributed analysis, impact analysis, and failure modes. Using the Analytical Hierarchy Process (AHP) method can be a solution in solving the problem of decision-making for tofu and tempeh MSMEs in Kemantren Tulangan Village, Sidoarjo in selecting the best soybean supplier using the criteria of quality, price, delivery, and service, convenience, and relationships. This research was conducted using qualitative methods. This data collection technique uses interview techniques, observation, and literature study. Meanwhile, the sampling technique used snowball sampling technique, the informants consisted of 2 people, namely the Head of Production and Administration. Based on data processing using the AHP method using the Expert Choice application, it produces weighted values for each criterion, namely quality (0.165), price (0.228), delivery (0.114), service (0.144), convenience (0.201), and relationship (0.147). Meanwhile, the weighted values for each supplier are supplier 1 (0.413), supplier 2 (0.260), and supplier 3 (0.327). From the results of this data processing, the most important criterion in selecting the best supplier is the price criterion and the priority for the best supplier is supplier 1.

Penerapan Analisis SWOT pada Keboon Kopi Cafe & Resto

This study applies SWOT analysis to Keboon Coffee Cafe and Resto, a culinary business located in Batam City. Its purpose is to provide insights to the management of Keboon Coffee Cafe & Resto to effectively manage the business in the long term. The Strengths of this business include its strategic location, attractive and Instagram-worthy interior design, comprehensive facilities, spacious premises, a diverse menu offering both Western and Indonesian cuisine, high-quality food at affordable prices, active social media promotion, and a strong reputation among customers. The business also has some Weaknesses, such as challenges with parking during peak hours, relatively slow food service, limited menu availability during certain hours, inflexible beverage packages, the need for ongoing innovation in food and beverages, and the necessity of adjusting portion sizes and prices. Opportunities for Keboon Coffee Cafe & Resto include its central and strategic location in the city, the broad appeal of its food and beverage concept across different demographics, and its family-friendly atmosphere. However, there are also Threats to consider, such as competition from similar businesses in the vicinity, business reliance on a leased location, which could impact long-term sustainability, and the continual need for innovation in menu offerings. This study uses a qualitative descriptive approach with key informants as the primary source of data collection.

Modern terminology of management: Anglicisms as a means of adaptation to new economic realities

The subject of this study is an important part of the latest terminology of the modern management sphere, namely, anglicisms. The purpose of the article is to determine the role of anglicisms as an effective means of adapting participants in management processes in Russia to modern economic conditions. On the example of about 100 business terms of English origin, the article gives a classification of anglicisms according to structure, methods of formation, frequency of use and areas of application in management, provides a decoding of the meanings of individual components of borrowings, which contributes to the best understanding and use of business management terminology by specialists. Anglicisms originally entered the Russian language to denote concepts and phenomena completely new to the Russian reality, their emergence, integration into the vocabulary of the Russian language and active use seem to be an inevitable process that meets the communicative needs of society. Due to their high communicative significance, anglicisms from business sphere have firmly entered the Russian lexicon and are widely used in it.

Research on the Starbucks in Operational Activities

Starbucks is one of the most successful coffee companies in the world, but Starbucks has been expanding continuously in terms of business. In the past ten years, the number of stores in China has increased by nearly ten times. Although the expansion policy shows that Starbucks is still in the stage of growth, from the data of the financial statements in the past 5 years, Starbucks seems to have some problems. This article mainly analyzes the ratio of financial reports related to Starbucks business activities, compares liquidity, profitability data such as ROA, ROE, etc., and further decomposes these data with DuPont analysis. The main purpose of this article is to find out the reasons that caused these changes to analyze the development trends, advantages and problems of Starbucks in the past 5 years. From the analysis, we can see that Starbucks has the advantage of the supply chain system, but there are problems in other respects.

Real-Time Face Recognition System with Enhanced Security Features using Deep Learning


 
 
 
 Abstract: Identification of people and mask detection has long been a captivating topic, in terms of research and business. This topic has received increasing attention in recent phases due to the speedy advancement of Artificial Intelligence (AI). Nowadays, a lot of applications, including phone unlocking systems, criminal identification systems, and even home security systems, use face recognition as a common technique. Due to the fact that this method only requires a facial image instead of other dependencies like a key or card, it is more secure. Face detection and face identification are often the first two elements of a human recognition system. Even during COVID-19, it is considered the best way to stop the spread of the COVID-19 virus is by wearing a face mask. The risk of contracting the virus can be reduced by almost 70% only by wearing a face mask. In order to promote community health. This Study aims to produce a highly precise and real-time method that can effectively recognize people and identify non-mask faces in public. When a person stands in front of the device, this application detects the human face automatically using detection, extraction, and recognition algorithms. The proposed work applies the Viola-Jones algorithm for face recognition and the YOLOv5 algorithm for mask detection and classification. When the proposed work is tested, this shows higher accuracy in mask detection which is 92.8%.
 
 
 

Lived Experiences in Family Business Among Business Graduates of a Private Higher Educational Institution in Iloilo City, Philippines

There has been no academic work dedicated to the discovery of the lived experiences of business graduates from a private higher educational institution in Iloilo City, Philippines in their respective family businesses in terms of their daily lives. This phenomenological study was conducted to explore the lived experiences of business graduates of a private higher educational institution in Iloilo City, Philippines who joined their respective family businesses. Moreover, this study intended to describe the profile of the business graduate participants, family business involvement, family relationships, personal and work-related conflicts, and (4) contributions to their family firms. The qualitative research design was employed for this study, specifically phenomenology. Seven participants through purposive sampling voluntarily joined in this phenomenological study after signing the informed consent form. They came from the class of 2017 to 2019 business graduates. The result showed that the seven (7) participants of this study were all business graduates, who were majority males, aged 23-27 years old from a private educational institution in Iloilo City. They had never enrolled in any graduate school programs. The majority graduated last 2019 with three (3) years of working experience. The majority are into retail and hardware supplies. The operational years of their businesses ranged from nine (9) to 55. Almost all were classified as having medium businesses and only one was classified as small. For their family business involvement, they have experienced early involvement in their businesses, they were trusted to manage, and they feel valued. Strong family relationships also emerged among business graduates. They have experienced parental comfort and advice as well as close relationships with their parents. As to the personal and work-related conflicts, they experienced careless operational mistakes, interpersonal work conflicts, emotional challenges, and limited freedom. When it comes to their contributions to the family businesses, they have contributed to the vision and internal control strategies, social media marketing, sales increase, financial clarity, and lessening the workloads of parents. This study can serve as a basis for involving business graduates early in the family business. Employing them can enable them to contribute success factors earlier. Maintaining strong relationships among family members employed in the family firm must be done to avoid personal and work-related conflicts.

ANALISIS KELAYAKAN USAHA ALUMINIUM DAN KACA DITINJAU DARI ASPEK PRODUKSI DAN PEMASARAN (STUDI KASUS TOKO M.A KACA DAN ALUMINIUM PADANG PANJANG)

Aluminum and glass are experiencing rapid development. The rapid development of the aluminum and glass industry is caused by several factors such as materials from wood which are limited and quite difficult to find, increasing residential and business development, and increasing public demand for goods made of aluminum. Currently, many Aluminum and Glass MSMEs have sprung up, so researchers are interested in conducting research entitled "Analysis of the Feasibility of Aluminum and Glass Businesses in Terms of Production and Marketing Aspects (Case Study of M.A Glass and Aluminum Shop in Padang Panjang). This study uses a qualitative method by conducting in-depth interviews with business owners in collecting research data.
 Aluminum and glass are experiencing rapid development. The rapid development of the aluminum and glass industry is caused by several factors such as materials fr
 Aluminum and glass are experiencing rapid development. The rapid development of the aluminum and glass industry is caused by several factors such as materials from wood which are limited and quite difficult to find, increasing residential and business development, and increasing public demand for goods made of aluminum. Currently, many Aluminum and Glass MSMEs have sprung up, so researchers are interested in conducting research entitled "Analysis of the Feasibility of Aluminum and Glass Businesses in Terms of Production and Marketing Aspects (Case Study of M.A Glass and Aluminum Shop in Padang Panjang). This study uses a qualitative method by conducting in-depth interviews with business owners in collecting research data.
 om wood which are limited and quite difficult to find, increasing residential and business development, and increasing public demand for goods made of aluminum. Currently, many Aluminum and Glass MSMEs have sprung up, so researchers are interested in conducting research entitled "Analysis of the Feasibility of Aluminum and Glass Businesses in Terms of Production and Marketing Aspects (Case Study of M.A Glass and Aluminum Shop in Padang Panjang). This study uses a qualitative method by conducting in-depth interviews with business owners in collecting research data.

The Effects of Listed Company Charitable Foundation on Business Relationship of Supply Chain: Based on the Empirical Research of Corporate Social Responsibility

<p class="MsoNormal" style="text-align: justify;">The Public Welfare Foundation of a listed company is a non-profit organization with independent legal personality. It is established and funded by a listed company. The purpose of establishing a foundation for a listed company is generally to carry out charitable activities and make important contributions to charitable causes. However, due to the special power separation model, the autonomy of the foundation is poor, and there may be serious agency conflicts, ultimately leading to listed companies becoming beneficiaries of the foundation's charitable activities. We have found from the perspectives of commercial credit, sales, and cooperative relationships that social responsibility initiating organizations (listed companies) can obtain potential benefits from social responsibility fulfilling organizations (listed company public welfare foundations) in supply chain commercial relationships, that is, listed companies that establish public welfare foundations have good supply chain commercial relationships. When a listed company and a public welfare foundation have a close relationship in terms of fund donation, decision-making, business, and naming, the public welfare foundation has a strategic preference in selecting project names, project service areas, project beneficiaries, and project service areas. It prioritizes the interests of the listed company, enabling the listed company to obtain better supply chain business relationships.</p>

Convergence in approaches taken by both East & West to tackle Digital Platforms Anti-Competitive Practices

This Article focuses on how East and West are taking steps to combat the dominance of major online platforms. The piece considers several major judicial and regulatory decisions from China, USA, and Europe in an effort to assess the level of success or failure enjoyed by antitrust regulators in recent investigations where they seek to attempt to maintain competition in digital marketplaces, by subjecting global digital platforms’ terms of business and business practices to antitrust scrutiny. The outcomes are sometimes not as expected, and some antitrust decisions by regulatory bodies have been reversed by the courts from time to time.

The Effect of Customer Relationship Marketing Commitment, Communication, and Satisfaction on Customer Loyalty

This research is motivated by low communication in the retail business in terms of service from employees to customers. This affects the decline in customer satisfaction and causes customer loyalty is at a very low level. The research aims to find out and analyze how significant the influence of Commitment (X1) , Communication (X2), and Satisfaction (X3 ) on Customer P Loyalty (Y) . The research was conducted in October - November 20 22 in the city of South Tangerang. The research method used in This research is quantitative using a questionnaire filled in directly by Scarlett Whitening users with a total population of 19,920 people and a sample of 111 people calculated using descriptive (demographic) test , data instrument test , validity and reliability test , classical assumption test , normality test, multicollinearity , multiple linear analysis , hypothesis test , coefficient of determination test (R-square - adjusted R-square), F test (anova), t test (coeffients) were performed in this study using data processed using the SPSS (Statistical Product and Service Solution) version 16.0. The results of this study indicate that Commitment has significant influence on Customer Loyalty , Communication has influence significantly on Customer Loyalty , and Satisfaction _ have a significant influence . Thus, this study shows that Communication, Commitment , and Satisfaction have a significant effect on Customer Loyalty .

Strategi Pengembangan UMKM Bantal Kapuk untuk Peningkatan Daya Saing: Sebuah Analisis SWOT dan QSPM

Technological developments that affect lifestyles in society will also have an impact on existing MSMEs. The important thing that MSMEs must consider in maintaining their business in the midst of high competition is their marketing activities. One of the MSMEs that must survive is the Kapok Pillow MSME in East Lenteng Village. The purpose of this study is to identify internal and external factors that influence the marketing of kapok pillow businesses and to analyze marketing strategies for increasing the competitiveness and existence of kapok pillow businesses through a marketing mix approach. The method used is IFE, EFE, SWOT, and QSPM analysis. The results of the analysis show that these MSMEs are in quadrant 1, which means that MSMEs have opportunities and strengths that can be exploited. In addition, 9 alternative strategies can be implemented, obtained from a combination of internal and external factors from the company. The priority strategy suggested is to maintain product quality at competitive prices according to the raw materials used. It is hoped that the village government and related agencies can assist MSMEs in developing their business both in terms of production and marketing.

HELPERKU: INNOVATIVE E-COMMERCE APPLICATIONS AS BUSINESS SOLUTIONS FOR PEOPLE WITH DISABILITIES

HELPERKU is an innovative e-commerce application where product sales carried out by Persons with Disabilities are designed with 4.0-based display device features. HELPERKU is here to provide convenience for everyone who has limitations but wants to start a business or already has a business to be able to gain knowledge and share experiences about their business through attractive supporting features. The strategy analysis tools used are SWOT Analysis, PESTLE, 4P, and Five Force’s Porter Analysis. HELPERKU will be downloaded via Google Play Store and App Store, making it easier for mobile/android users. Jakarta is the first location for HELPERKU to operate its application. The presence of HELPERKU is expected to become a large application company that can be useful for users, especially people with disabilities, investors, as well as a medium for experimenting in terms of knowledge, practical learning, and affordable business consulting with the presence of experienced experts and figures in the field of business. It is hoped that after the HELPERKU application, people who want to start a business can experience business expansion in a relatively short time. HELPERKU is still a relatively new application, but HELPERKU opens opportunities for investors to invest with collateral in a relatively short time, which is two years and five months with an annual discount rate of 7% and return on investment of 20%. HELPERKU earnings during this period are normal for new app companies.

HELPERKU: INNOVATIVE E-COMMERCE APPLICATIONS AS BUSINESS SOLUTIONS FOR PEOPLE WITH DISABILITIES

HELPERKU is an innovative e-commerce application where product sales carried out by Persons with Disabilities are designed with 4.0-based display device features. HELPERKU is here to provide convenience for everyone who has limitations but wants to start a business or already has a business to be able to gain knowledge and share experiences about their business through attractive supporting features. The strategy analysis tools used are SWOT Analysis, PESTLE, 4P, and Five Force’s Porter Analysis. HELPERKU will be downloaded via Google Play Store and App Store, making it easier for mobile/android users. Jakarta is the first location for HELPERKU to operate its application. The presence of HELPERKU is expected to become a large application company that can be useful for users, especially people with disabilities, investors, as well as a medium for experimenting in terms of knowledge, practical learning, and affordable business consulting with the presence of experienced experts and figures in the field of business. It is hoped that after the HELPERKU application, people who want to start a business can experience business expansion in a relatively short time. HELPERKU is still a relatively new application, but HELPERKU opens opportunities for investors to invest with collateral in a relatively short time, which is two years and five months with an annual discount rate of 7% and return on investment of 20%. HELPERKU earnings during this period are normal for new app companies.

Comparison of Environmental Costs in Divisions with Different Geographical Action and their Significance in Environmental Management

Abstract The relevance of the decision of this scientific research is related to the requirements of Industry 4.0. orientated to environmental sustainability. This article summarizes the scientific discussion on the issue of the comparison of environmental costs in various divisions such as Slovakia, Italy, Brazil, Mexico, China. The main goal of this article is to compare costs in divisions of the parent company with different geographical working. The object of the research was the parent company EMBRACO. Methods of research were focused on using economic analysis with indicators of the cost function, chain index, and cost structure. The results of the research show environmental costs of the divisions are at the level of €1.9-€3.1 million. The total state of the environmental costs by individual country represents the lowest value in Italy and Slovakia. The lowest environmental costs are for the category of air costs for all divisions and the second category of costs with low values are other environmental costs, while Brazil and Mexico do not record this category of costs in the accounting. The key category for minimizing environmental costs is water costs for Slovakia and China and other waste costs for Italy, Brazil, and Mexico. The hazardous waste category represents (0.9-32%). Based on these results, the parent company can decide on the possibilities of positioning its divisions in terms of strategic business.

Advertising analysis of hotel businesses in terms of digital visual culture

The purpose of this paper is to examine the hotel advertisements broadcast on YouTube in different continents in terms of digital visual culture. The ads on the YouTube page of the hotel companies were analyzed by semiotics method. The use of technology, the quality of service and the sense of trust were prioritized as a result of semiotic analysis of the advertising films on the YouTube pages of the hotel company located in 3 countries located on different continents. According to findings, the local tastes and cultural values, as well as the outdoor attractiveness of the countries in which they are located among the common points of the commercials in terms of digital visual culture. In addition to the short duration of the commercials presented by the hotels via YouTube, there are also messages related to the selected target market. With the widespread use of information and communication technologies, hotel businesses take their place on social media and different platforms. Hotel businesses in the tourism sector should use social platforms extensively in order to compete, to increase their market share and to ensure customer satisfaction. Promotional images and commercial films prepared on social platforms should be made by considering market segmentation. Hotel businesses should not forget that the visual culture is digitalized in the commercials they use on social platforms.

A Study on Executive Perception Regarding the Training and Development System of AAF India Pvt. Ltd. to Bommasandra

Organizational restructuring is the process of change of ownership or structural transformation of an organization through merger, take over and disinvestment for survival. After change of ownership, the new management should think about the workforce with respect to profit incurred by the organization. Organizational success after change of management depends on speed in decision making, greater flexibility, the dynamic nature of the roles and role relationship, cross functional integration, team based processes, thrust on innovation and all round emphasis on delivery of results. Human resource issues are influencing the success and stability of business in terms of profitability, survival, competitiveness, adaptability and flexibility. After restructuring of TTPS, the management had given extensive focus on value-based HR processes for development of people and contribution towards organizational excellence. Several measures have taken towards individual development such as: performance appraisal, training initiatives, and career development prospect. As a result of those measures, performance of the organization has improved significantly and employees became more committed towards organizational goal. The new work atmosphere along with emphasis on individual development has created a motivated work force in the organization which has turned the loss-making unit into a profit-making one within a few years of time.

PENDAMPINGAN PENERAPAN STRATEGI PEMASARAN DALAM ERA DIGITALISASI PADA CV. AIRLANGGA TRANS

As students we must implement the Tridarma of Higher Education which includes 3 points namely Education and Teaching. Research and development. Community service Community service is a topic that must be applied especially for academics to provide real comparisons both in terms of academics/textbooks and reality or real problems in the field. The purpose of this is to have a real impact on MSMEs or society so that they can develop and adapt to current conditions. In this service, we are directly involved in providing assistance and development at CV. Airlangga Trans is engaged in the car rental service industry. This company is one of the oldest car rental companies in Malang City which was founded in 1996 and was originally named Silver. CV. Airlangga Trans is located on Jl. Karimata Strait E6 No. 3-4, Lesanpuro, KedungSometimes, Malang City. The reason for this business assistance is that this business has experienced a very significant decrease in turnover because it cannot compete with other vehicle rental businesses both in terms of operations, marketing, and digitalization. The results of our real dedication and assistance are the creation of a more up-to-date logo, the creation of a clear organizational structure and job deck, a more streamlined operational flow, and the creation of digital marketing, namely Website, Instagram, TikTok, and Youtube.

RISKS OF NONCOMPLIANCE WITH ADA FOR MOBILE DEVELOPMENT

This article analyzes the risks faced by mobile app development companies due to non-compliance with accessibility standards for people with disabilities. The study aims to examine the impact of not adhering to accessibility standards on business in terms