Business Concepts Research Articles

Luckin Coffee in China: An Innovative Coffee Brand Dominating the Chinese Market amid the Covid-19 Pandemic

Although China is historically known as a tea-consuming country, coffee consumption in China has been increasing at double-digit rates in recent years. Based on the Diffusion of Innovation Theory, we explored Luckin Coffee’s innovative business concepts, including operational efficiency and marketing strategies such as price advantage, technical-support system, omnichannel sales, and social media promotion to expand market share. In addition, Luckin Coffee’s advanced technology and digital customer engagement have given the company an unexpected boost, as the importance of social distancing and minimizing physical contact became the new norm and standard practice during the COVID-19 pandemic era. This study provides practical insights into the impact of technology and process innovation on enhancing brand value and attracting new customers within the coffee shop and hospitality industries.

Community Empowerment Through Selling Price Determination Training At The Border Market Of Humusu C Village, Insana District, North Central Timor Regency

This service will be carried out at the border market of Humusu C Village, Insana District, North Central Timor Regency, East Nusa Tenggara Province. The problems experienced by the village are composed in two types of problems, namely accounting problems, and financial management problems with the following details: Accounting problems faced by Humusu C Village include:lack of understanding in financial records so that they are unable to get out of poverty, inadequate knowledge of business concepts, so they are unable to set goals for economic activities carried out. Furthermore, the financial management problem faced by Humusu C Village is a lack of understanding in determining the price of goods sold, resulting in prices that are too low on the products sold and very minimal profits.1) Lack of understanding in financial records; 2) Knowledge of weak business concepts; 3) Inability to set targets and evaluate the business. Financial management problems faced by Humusu C Village include: 1) Putting prices too low and always reducing profits. Solutions offered to overcome these problems include socialization to communities directly involved in international transactions at the border market of Humusu C Village, Focus Group Discussion (FGD) with sellers in the Humusu C Village environment to ensure the determination of selling prices in the border market, and assistance of each team member with the seller group. With the solutions offered for the above problems, it is hoped that international transactions that occur in the border market of Humusu C Village can run according to the policies and rules set by the Government.

The Business of Race-making in the Torrid Zone: Dr Jonathan Troup’s Illustrated Diary of Dominica, 1789–90

This article focuses on the manuscript diary of a Scottish doctor, Jonathan Troup, who during a truncated fifteen-month period, from 1789 to 1790, practised medicine on the island of Dominica, part of the climatic ‘torrid zone’ in the British West Indies. While the relevant textual contents of his diary are already familiar to scholars of medical humanities, the analysis seeks to complement and extend these existing discussions by addressing an aspect of the illustrated and inscribed pages of Troup’s diary that has not been previously discussed, namely his diurnal account of race-making. The article argues that Troup was a product of Scottish enlightenment medical training, with its blended curricula of medicine, natural history and moral philosophy. The diary in turn, is shown to be a product of the diagnostic tools of that education, which equipped practitioners with the skills to classify human diversity through careful observation in the ‘colonial field’. In his diurnal sketches, Troup employs a tiered racial system or calculus of colour to differentiate between peoples of different races, based on the visual proximity of their skin to either European whiteness or shades of blackness associated with African descent. In the textual descriptions that variously accompany, envelope, elucidate and ignore the drawings, Troup’s race-making schema is shown to be informed by factors other than the gradations of skin complexion, including social temper and moral temperament. Such factors are given particular prominence in his discussion of multi-racial women, making gender an innate constituent of his race-making schema. The article is framed by the concept of business, which for most professionals in the Caribbean involved more than one economic occupation. It offers a prognosis as to the significance of Troup’s diary for a range of academic disciplines, historical, literary and visual, and their discreet historiographies which pertain to his imperial careering.

Circular economy and energy

The circular economy is the opposite of the concept guided by the principle of "take, produce, spend and throw away". The circular economy model implies a change in the paradigm of resource management in an efficient and smart way. Such a concept is based on eco-innovations, eco-design, advanced technologies, energy efficiency and the use of renewable energy sources. The production method used in the linear economy is unsustainable and creates large amounts of waste, the disposal of which is based on the mistaken belief that resources are inexhaustible, as well as that the space for waste disposal is unlimited. It is a new economic model that ensures the sustainable management of resources, the extension of the life of products with the aim of reducing waste, and the increased use of renewable energy sources. In contrast to the linear economy, this is a business concept in which resource and energy flows are maintained in a closed-loop model, where products are tried to circulate as long as possible in a circular cycle. The emphasis is on the production and design of products that can be easily disassembled into parts, do not contain hazardous substances, and will have a long life and be easily repaired.

Design Framework and SWOT Analysis at Telaga Pethcare As a Solution to the Spread of the Rabies Virus in Bali Province

This research was conducted to know and analyze the social business canvas model design framework for the Telaga Telaga Pethcare social enterprise. The social business model canvas framework is used to see and assess how impactful this social enterprise is on the social problems solved by Telaga Telaga Pethcare. This framework is a modification of the business model canvas framework which was previously widely used to design business concepts to be implemented. The social problem that Telaga Telaga Pethcare is trying to overcome and resolve is the problem of rabies which is currently a serious problem in Bali Province. The data collected reports that currently the number of rabies transmission cases in Bali has reached 14,827 cases. The research method used in this research uses descriptive qualitative methods. Data were collected using three methods, namely in-depth interviews, focus group discussions, and documentation. The selection of informants in this research used a purposive sampling technique. The research results in this study show that rabies cases are a concern for the Bali Provincial Government and the community. Telaga Telaga Pethcare is one of the pet shops in Bali Province where one of the social activities is providing animal care. To make it easier to analyze the social business of Telaga Telaga Pethcare, we use the social business canvas model. Meanwhile, to analyze weaknesses, strengths, opportunities, and challenges using SWOT analysis.

Value Co-Creation: A Strategy for Enhancing Inclusiveness in Special Education

This qualitative study examines the educational management practices of a municipality in Thailand by evaluating the current delivery of special educational services with underlying principles rooted in value co-creation (VCC)—a business concept often employed to enhance engagement and participation with the aim of creating mutual value. The study’s objective is to identify gaps in real-life practices. The research methodology encompasses in-depth interviews with key stakeholders, focus group discussions involving school board members and parents, and content analysis to extract core concepts for policy recommendations. The study’s findings reveal that the municipality is increasingly recognizing the potential of VCC in enhancing student outcomes, particularly for those with special educational needs. However, challenges stemming from schools’ financial constraints and the influx of students from lower socio-economic backgrounds impede the full realization of VCC principles. Consequently, it is crucial for the government to prioritize the alignment of VCC strategies with special education. This can be achieved by considering reengineering the education budget allocation and making investments, whether direct or indirect, to support the VCC process. These measures are essential to promote the evolution of VCC and sustain special educational service operations effectively.

Pendampingan Pengelolaan Bisnis Syariah dalam Meningkatkan Kemandirian Lembaga di Yayasan Islam Al-Lathifah Mulia Cikarang Baratlam Al-Lathifah Mulia Cikarang Barat

This community service aims to provide information to stakeholders within the scope of the Al-Lathifah Mulia Islamic Foundation about increasing the independence of their institutions by carrying out sharia business management activities in the form of marketing concepts for honey and pure milk. The method used in this community service research is a training and mentoring method provided by providing explanations via Microsoft Power Point. The results of the sharia business management assistance that has been carried out have apparently had a significant positive impact on increasing the independence of institutions at the Al-Lathifah Mulia Islamic Foundation in West Cikarang. One of the positive impacts that can be felt is improving marketing concepts in accordance with sharia business concepts. This can help institutions gain sustainable profits and reduce the risk of unwanted losses. Apart from that, assistance with sharia business management can also help in strengthening the institution's sharia identity. Through the implementation of business practices that comply with sharia principles, institutions can gain the trust of the public who need business services that are in accordance with their religious beliefs.

How Are Consumer Perspectives of PV Rooftops and New Business Initiatives in Indonesia’s Energy Transition?

In the evolving landscape of the energy sector, it is vital for energy companies to grasp consumer behaviors to foresee future business prospects and risks. This study delves into how consumers react to Indonesia’s Electricity Company’s innovative business propositions, particularly the PV rooftop product. It also seeks to understand market reactions to other novel business concepts beyond the PV rooftop product. This research employs a quantitative approach, utilizing surveys for data gathering and statistical methods for analysis. Key variables examined include Attitude, Environmental Concern, Subjective Norm, Perceived Behavior Control, Personal Norm, and Regulation, with the primary focus on the Purchase Intention for the PV rooftop product. The findings reveal that key variables, specifically Personal Norm, Subjective Norm, and Regulation, significantly influence consumer behavior toward rooftop PV. This study also uncovers a high market demand for yet-to-be-launched services like electrical repairs, smart home consultancy, and micro-loans, indicating a diverse market potential for these innovative ideas. This research highlights the importance of analyzing consumer behavior in predicting the potential for both opportunities and challenges in a company’s new business ventures, particularly in the renewable energy sector. The results underscore the significant impact of sociocultural factors and regulatory frameworks on consumer decision-making processes. These insights offer critical guidance for Indonesia’s energy stakeholders in developing countries, aiding in formulating new business strategies and identifying market opportunities amidst the global shift towards renewable energy. This study’s key results emphasize the need for energy companies to adapt and innovate in response to consumer preferences and regulatory environments in order to capitalize on emerging market trends.

Welcome to the neighborhood, what brings ya? Digital storytelling between strategic groups for winery authenticity

ABSTRACT Advantageously, smaller regional wineries need to differentiate themselves, but also need to build partnerships with their local competitors in order to develop regional brand identity. Wineries will form geographical strategic groups to create a common identity and communicate with buyers through digital storytelling. Regional wineries that perform this strategy have the advantage of collectively drawing customers into the region before attempting to distinguish themselves individually. This paper is to conceptually demonstrate the benefits of strategic groups and how they operate via digital storytelling methods. Oftentimes, regional winery groups can craft a collective identity that provides benefits, such as mutual trust and reputation. More importantly, the collective identity is done as a strategic group to reinforce authenticity to the individual wineries’ digital storytelling, to connect with buyers. Through a strategic group lens, we attempt to understand how collective winery groups use digital storytelling to create authenticity and enhance individual efforts. We investigate these efforts via regional wine collectives to understand authenticity development through digital storytelling. We introduce examples of wineries utilizing digital storytelling within their regions as a justification to study these concepts in the winery business. A call to empirically investigate winery strategic groups at a regional level is presented.

Harry Potter and the Artificially Intelligent Wand: Learning Team Communication in a Simulation Environment

Communication scholars have done an excellent work in creating business simulations to engage the students in learning communication concepts. However, more can be done to foster interactive business and professional communication pedagogy. Instructors must continue to devise new ways to enable the students to apply business communication concepts. In response to these calls, this article presents an example of a simulation based within the Harry Potter universe that emphasizes the ways team communication and proposal presentation manifest themselves in business speaking practices. This simulation enables students to engage with team communication issues by understanding persuasion and influence as an essential part of business and professional communication.

Synergizing Solar Cell Technology, Radio Wave Communication, AI Integration, and Business Opportunities: A Comprehensive Review

We are at a turning point in our quest for more sustainable energy options, improved connection, and technical innovation as solar cell technology, radio wave communication, artificial intelligence (AI), and economic potential come together. This study explores the complex interactions between these integrated technologies, examining all of their facets, from practical difficulties to ethical issues to future opportunities. The impact of artificial intelligence (AI) on solar energy management is first discussed in the study, with a focus on how AI-driven systems improve energy storage, maximize energy capture, and adjust to changing weather. Simultaneously, the function of AI in radio wave communication networks is elucidated, encompassing spectrum management, cyber security, and quality of service. The foundation of the burgeoning smart grid and Internet of Things (IoT) age is the integration of AI with radio waves and solar cells, which promotes energy efficiency and system resilience while permitting fine-grained control over energy use. As these technologies merge, the conversation moves to the business sector, where it examines market trends and investment prospects. These integrated systems are becoming more and more necessary as sustainability, connectedness, and energy efficiency open up new opportunities for businesses, investments, and environmentally friendly real estate development. Green financing and solar-as-a-service (SaaS) are two examples of sustainable business concepts that are becoming increasingly important in the changing business environment. These encouraging advancements are not without difficulties, though. Significant obstacles include those related to technical integration, data protection, regulatory compliance, environmental effect, and the digital divide. As technology develops, moral issues become increasingly important.

Development of the conceptual business model of a third-party logistics provider for Indonesian small contractors

Third-party logistics (TPL) providers have shown positive impacts on supporting large construction projects. Nevertheless, their role in smaller construction still requires further clarification. Small contractors, facing logistics challenges in material supply, are frequently underrepresented in research. We propose a TPL model designed as an intermediary between suppliers and small contractors for consolidating materials. In the initial phase, TPL's business model should be developed for its business foundation. Therefore, this study aims to develop TPLS's conceptual business model that addresses Indonesian small contractors. Three interview themes were employed in this research, involving three distinct groups of small contractors to explore their capacities within construction work, their assessments of specific materials, and their logistical practices. Based on the nine blocks of the Business Model Canvas (BMC), this study found that TPL can ensure material supplies for small construction projects by coordinating sourcing, providing temporary storage, and delivering materials through building strategic partnerships with material suppliers, transportation service providers, and warehousing facility providers. Furthermore, TPL's conceptual business model allows small contractors to gain better access to material supply while providing suppliers with certainty of material purchasing demand. Nonetheless, achieving successful TPL implementation requires dedication from every stakeholder in their assigned roles.

Harnessing Economic Opportunities: Business and Blockchain Technology Introduction for Communities

This research aims to investigate the potential utilization of economic opportunities through the introduction of business and blockchain technology within the community. The research methodology involves literature analysis, interviews with relevant stakeholders, and the implementation of business and blockchain technology concepts on a small scale as a case study. The literature analysis provides in-depth insights into how the implementation of blockchain technology can broaden economic opportunities across various sectors. Stakeholder interviews engage local business players, technology experts, and community representatives to obtain a comprehensive perspective. The practical implementation of business and blockchain technology concepts on a small scale offers a hands-on understanding of the potential benefits and challenges that the community may encounter in leveraging these economic opportunities. Discussions involve the evaluation of implementation, identification of barriers, and recommendations for further development. The research findings underscore that the introduction of business and blockchain technology can serve as a vital catalyst for stimulating community economic growth. The conclusion of this study encourages a deeper understanding of the potential and challenges of implementing this technology and formulating strategies that support community economic development through the utilization of available opportunities.

Business Planning

The business planning discussed in this article includes the objectives of business planning, the stages of preparing a business plan, the importance of making a business plan, components, and things that need to be considered in business planning. Business planning is designed so that the business you own has thorough preparation, so that it is easier to achieve success than not having a prepared plan at all. In a business plan, the business concept, market, finances and so on are generally outlined in detail. Planning a business is very important for business people, so that the business continues to run stably and becomes more successful. Without a mature plan, entrepreneurs will not be able to achieve success.

Private Islamic Hospital Service Management Strategy Model in Pekanbaru Based on Accreditation with an Analytic Network Process Approach

There are many factors that are the burden and responsibility of Islamic Hospital Practitioners, experts and regulators in resolving sharia service and accreditation problems and prioritizing effective solutions for Islamic Hospitals. From problems (1)Sharia services that focus on Customer Oriented, Transparency, Healthy Competition and Justice. (2)Patient problems, namely no sharia consultations, unsatisfactory services received, long queues, lack of services for disabled patients (3)Accreditation problems that focus on low classification and accreditation, poor maintenance, unsophisticated information systems and a poor hospital environment. not properly maintained (4)Ethical problems and Islamic hospital Business Management Concepts trigger problems. Planning for future hospital performance is not fulfilled, experts and employees are less professional, coordination of hospital staff is ineffective and does not have a Sharia Supervisory Board (DPS). This thought is the research problem, how to use the ANP method to find a solution that must be solved in this problem, assisted by Super Decision software. The results of this research are Solution Priorities (1) Sharia services, namely focusing on the main priority of Justice, Customer Oriented (2) Solutions for patients with the same priority, namely Sharia consultations, services received that satisfy patients. (3) Accreditation solutions in the order that the hospital environment is well maintained and goes green, maintenance is improved, quality management is improved (4) Islamic hospital Ethics Solutions and Business Concepts with future planning sequences fulfilled and professional employee experts selected, effective staff coordination and forming a DPS. The strategic priorities being developed are the implementation of superior and complete sharia services.

Risk Management Towards the Recovery and Sustainability of the SMEs Business in the Post COVID-19 Era

Purpose: The objective of this study was to identify risk management supporting the recovery and sustainability of SME businesses in Indonesia after the COVID-19 pandemic crisis. Theoretical Framework: Recent literature, Lima et al (2020) researched risk management in SMEs, using a literature review approach, create a concept of risk management in SMEs, which so far have not been widely studied. The result state that financial risk management and enterprise risk management, are among the most studied in the literature. Design/Methodology/Approach: This research method uses a literature review approach to systematically analyze risk management that has and has not been carried out by SMEs in Indonesia. In addition, it also provides insight and understanding related to risk management needed by SMEs in the recovery period, as well as strategies for adapting sustainable business concepts. Findings: The results of this study explain that SMEs in Indonesia experience many risks in running their business and are too vulnerable to face economic shocks. To adopt the concept of a sustainable business and business recovery after the COVID-19 pandemic, SMEs in Indonesia must carry out comprehensive risk management. Research, Practical & Social Implications: We suggest a future research agenda and highlight the contributions made to executive and management education. Originality/Value: The results indicate that the number of publications is growing, and the management and business area is the one that contributes the most, with the countries that produce in co-authorship also providing the most publications.

STRATEGI PENGEMBANGAN BISNIS INDUTRI KREATIF SKALA KECIL MELALUI PENDEKATAN BUSINESS MODEL CANVAS (STUDI KASUS PADA PLATFORM OTT SINEASMOV)

This research investigates small-scale creative industry business development strategies, particularly focusing on the OTT platform SineasMov. It observes the growth of the independent film industry in Indonesia and identifies challenges in distributing independent films and the lack of income for independent filmmakers. PT. Sineas Kreatif Indonesia innovates by creating the OTT Platform named SineasMov as a solution to these issues. SineasMov offers TVOD and AVOD services while focusing on networking and events. Through the Business Model Canvas (BMC) analysis, this study clarifies the key elements in SineasMov's business model, highlighting the need for the right business concept to support the company's growth. This research remaps the SineasMov BMC to suggest further development strategies, including enhancing customer segmentation, improving value propositions, diversifying revenue streams, optimizing resources, and strategic partnerships. From the SWOT analysis and the Four Action Framework, a new BMC formulation is proposed to strengthen SineasMov's position in the Indonesian independent film industry market.
 
 Key words: Independent Film, Business Model Canvas, OTT Platform.

Green Finance and Low-carbon Sustainable Development -- from the Perspective of Commercial Bank Management

Low-carbon and green development is an significant part of sustainable development. In the context of sustainable development, commercial banks, as a major social body, have derived a variety of financial products by strengthening green management. According to the Organization for Economic Cooperation and Development (OECD), green finance is a service that reduces pollution and greenhouse gas emissions in environmental protection, improves the efficiency of natural resource utilization and reduces resource waste while achieving economic growth. Green finance is a business activity corresponding to commercial banks and a concrete manifestation of green development in the financial field. Faced with the challenge of reducing carbon emissions, commercial banks have accelerated the transformation and upgrading of business concepts and developed into green industries. The basic nature of a bank is to provide reliable services and obtain corresponding profits by providing financial products and services to responsible entities. At this stage, banks have accelerated development of green financial products, forming different forms of green credit, green bonds and other content. Meanwhile, commercial banks are also facing many challenges and problems in this context.

PENERAPAN KONSEP FUNGSI LINEAR DALAM EKONOMI DAN BISNIS

This research aims to determine the application of linear function concept in economics and business. A linear function is the simplest function because it only has one independent variable and has a power of one. This research is qualitative research that uses a literature study method with an exploratory approach. Data collection techniques are carried out by collecting valid secondary data sources from books, scientific journals and the internet. The research results show several linear function models, namely the demand function Qdx = -a.Pdx +b , the supply function Qsx = a.Psx +b , the market balance point from the linear equation Pdx = Psx , the consumption function C = C0 + cY , the savings function S = C0 + (1 - c ) Y, and the production cost function TC = TFC + TVC.

Application of Sharing Risk in Musharakah Contracts

This study provides new empirical evidence regarding the application of sharing risk in Islamic banking in Indonesia. The focus of this research is to analyze the application of sharing risk in musyarakah financing, formulating sharing risk in musyarakah financing. The research method used is descriptive research which is analyzed qualitatively. Data sources were obtained from employees of Bank Syariah Indonesia account maintenance unit, Risk unit and collection unit, as well as documentation. Data analysis was done by data reduction, data presentation and conclusion drawing. The results showed that: 1) the implementation of risk sharing in musharakah financing at Bank Syariah Indonesia has not been fully fulfilled; 2) The risk sharing formulation can be implemented by proposing several improvements including the existence of a communication room where every customer's business development will be reported per period with the concept of joint business, then if a risk occurs it should be included in the communication room so that it can be discussed with both parties to formulate the best steps; Our evidence suggests that regulators further strengthen the Islamic banking system through musharakah contract reform and focus on the risk sharing system, especially the contracting parties.