Today's Business Research Articles

WANITA PENGUSAHA CERDAS BERSOSIAL MEDIA MENGEMBANGKAN UMKM FASHION

Along with the excellent development of Indonesia's fashion industry, business competition is currently heating up. Concurrently, micro, small, and medium-sized enterprises (MSMEs) are expanding at a rapid pace, particularly in Surabaya. In order to thrive in today's cutthroat business environment, it is crucial to devise strategies for business development. One of the fashion-related businesses in Surabaya that sells hijab items is Cuties Hijab. Cuties Hijab product sales continue to be highly unpredictable and have even been known to fall as the company has progressed. The company's stagnating position and low product sales are the consequence of multiple challenges, including insufficient human resources and weak product promotion. This situation provides context for why this study is important; its goal is to analyze internal and external issues affecting Cuties Hijab in order to formulate an appropriate strategy for the company's future growth. Qualitative descriptive research is employed. Primary data comes from in-depth interviews, while secondary data comes from a variety of sources like books, records, and the internet. The IFE Matrix, QSPM, IE, SWOT, and IFE are the analytical tools that are utilized. According to the findings from the strategy analysis conducted at the decision-making stage, the market penetration strategy is the best course of action for Cutis Hijab.

The main approaches to assessing the comparability of ESG business practices in Russia

Relevance. Sustainable Development Goals and ESG practices are an integral part of Russian business today. The implementation of the Sustainable Development Goals is aimed at meeting the interests of a wide range of stakeholders. To assess the ESG result, the business uses the services of rating agencies that compile ratings and rankings, providing a quantitative and qualitative assessment of the level of sustainable development of the company. However, the results obtained are often assessed by experts as irrelevant and have a number of disadvantages in terms of their comparability.The purpose is to show the variety of existing approaches and methods that are applicable in current conditions to assess the comparability of ESG practices.Objectives: to present the existing techniques and techniques for evaluating ESG practices; to analyze the bottlenecks in the existing methodological base for ESG assessment; to assess the prospects for further development of the methodology for evaluating ESG indicators and to make recommendations for the further development of the ESG assessment system in Russia.Methodology. The methodology presented by the author lies in the field of research of two sciences –sociology and economics. The application of an interdisciplinary approach allows using the expert interview method to identify the bottlenecks which are necessary for analysis and accounting, and the economic and statistical functionality will allow calculations that ensure comparability of the presented indicators.Results. As a result of the consideration of the main approaches to the assessment of ESG indicators the set of methods and techniques was identified, which forms the basis of the methodological base for evaluating ESG practices. An analysis of existing techniques has revealed a number of bottlenecks that require careful analysis and accounting. Assessing the need for comparability of ESG indicators, expert opinions were divided, which characterizes the ambiguity of the unification process of ESG indicators.Conclusions. Due to the changing geo-economic and geopolitical conditions, the angle of consideration of ESG practices in Russia has changed dramatically. The degree of government involvement has increased. In the current conditions, the development of methodological recommendations becomes particularly relevant when it comes to determining the proper Russian prerogatives of sustainability.

FROM DIGITAL DESERTS TO TECH HAVENS: THE ROLE OF DIGITAL INFRASTRUCTURE IN MSME COMPETITIVENESS

In the current digital age, robust digital infrastructure is crucial for the competitiveness and growth of micro, small, and medium enterprises (MSMEs). This research paper explores how digital infrastructure can transform MSME competitiveness, particularly focusing on the shift from areas with insufficient digital access, termed "digital deserts," to vibrant technological centers, or "tech havens." By conducting a thorough literature review, analyzing case studies, and undertaking empirical analysis, the paper examines the critical role of digital infrastructure in empowering MSMEs, fostering innovation, and promoting economic growth. Key areas of focus include defining and understanding digital deserts, identifying factors that contribute to their development, and exploring strategies for converting these regions into tech havens. Additionally, the paper highlights the impact of digital infrastructure on MSME competitiveness, underscoring opportunities for policymakers, MSME owners, and other stakeholders to bridge the digital divide and encourage inclusive economic growth. This research aims to provide a deeper understanding of how MSMEs can utilize technology to succeed in today's competitive business environment.

Embracing Complexity: What's Possible When We Hold that Multiple Things Can Be True

Abstract: In today's complex business environment, leaders face numerous paradoxical challenges that defy straightforward solutions. However, research suggests that the ability to embrace complexity and acknowledge multiple, seemingly opposing perspectives is a hallmark of effective 21st-century leadership. This paper explores the concept of complexity leadership, which involves administrative, adaptive, and enabling roles to facilitate dynamic interactions and self-organization across the organization. Through case studies of Intuit, Anthropic, and Starbucks, the paper demonstrates how embracing complexity enables organizations to foster diverse perspectives, drive change through paradox, and overcome industry adversity. By appreciating multiple truths simultaneously, leaders can unlock strategic breakthroughs, innovation, resilient adaptation, and enduring success – even in the face of constant disruption. The paper concludes that complexity leadership represents an untapped wellspring of potential for organizations willing to make space for multiple simultaneous truths.

Developing Sustainable HRM Practices for Retention and Satisfaction in Organizations

In today's dynamic business environment, the role of Human Resource Management (HRM) is pivotal in ensuring employee retention and satisfaction, particularly in fostering sustainable practices that align with organizational goals. This study explores the significance of developing sustainable HRM practices aimed at enhancing both employee engagement and organizational performance. It examines the intersection between sustainability and HRM, focusing on the key practices that contribute to long-term retention and job satisfaction. The paper synthesizes existing literature to identify the core strategies organizations employ to retain top talent, including career development programs, work-life balance initiatives, employee well-being schemes, and effective communication channels.The paper also highlights the role of leadership in creating a supportive organizational culture that promotes sustainability in HRM practices. Leadership styles that emphasize trust, transparency, and employee empowerment are integral to achieving long-term retention goals. Furthermore, the study emphasizes the importance of aligning HRM strategies with broader corporate social responsibility (CSR) objectives, contributing to both employee satisfaction and organizational reputation. By adopting such practices, organizations can develop a resilient workforce that is committed to the long-term success of the organization.Through an extensive review of relevant theories and practices, this paper outlines practical recommendations for HR professionals seeking to implement sustainable HRM practices. It also underscores the need for continuous evaluation and adaptation of HRM strategies to address the evolving needs of a diverse workforce in a competitive market. This research provides valuable insights into building a sustainable HRM framework that not only enhances employee satisfaction but also drives organizational success in the modern business landscape.

DISCOVER ISLAMIC WORK ETHICS FACTORS FOR SHAPING WORK CULTURE IN INDONESIA

Introduction: : The fundamental theory posits that Islamic values encompass all human activities, including work ethics as an essential component of organizational behavior. However, today’s society is facing a decline in work ethics, necessitating readjustment. This study aims to bridge the gap by examining prior research on Islamic work ethics in Indonesia. Methods: A systematic literature review method was used to delve deeper into the development of research topics over the past decade (2014-2023) through a search of Scopus-indexed articles. After a screening process, the final sample, consisting of 38 articles, was processed for further analysis using meta synthesis approach to explore more specific understanding of Islamic work ethics by using Nvivo software. Results: The results showed that Islamic work ethics were affected by three main factors: community patterns, role of Islam, and organizational concept. The relationship between these three factors can encourage positive behavior in the workplace in Indonesia. Conclusion and suggestion: Islamic work ethics in Indonesia are not limited to religious value, but also the culture of the community. Mapping ideas of the three categories of Islamic work ethics in Indonesia can be useful for future empirical research to analyze the relationship among factors in shaping Islamic work ethics in Indonesia. The mapping ideas could also be implemented by organizations in daily business practices.

Penetapan Batas Maksimal Bunga Pinjaman Pemegang Saham kepada Entitas Anak Perusahaan berbentuk Emiten atau Perusahaan Publik

In today's business activities, many companies in Indonesia choose to obtain funds from shareholders through loans from shareholders, compared to the mechanism of increasing issued and paid-up capital. Specific to subsidiaries with the status of public companies or issuers, the scheme of obtaining funds from shareholders through shareholder loans is considered relatively easier because it is an affiliate transaction. This study will further examine the appropriate form of regulation related to the determination of the maximum limit of shareholder loan interest to subsidiary entities in the form of issuers or public companies. Through a normative juridical approach with qualitative analysis methods, this study explores the existing regulatory framework, identifies gaps in implementation, and formulates comprehensive regulatory solutions. The results of the study revealed several important findings. First, the existing regulatory framework does not provide clear parameters regarding the maximum limit of interest on shareholder loans, causing inconsistencies in business practices. Second, the existing supervision and enforcement mechanisms have not been optimal in preventing potential abuse of shareholder loan schemes. Third, an integrative approach is needed that considers the legal aspects of the company, the capital market, and taxation in determining the maximum reasonable interest limit. This study recommends the establishment of a special regulatory framework that regulates the determination of the maximum limit of shareholder loan interest.

Persepsi Tingkat Kesiapan UMKM dalam Pengelolaan Media Sosial

This study examines the readiness of micro, small, and medium enterprises (MSMEs) to utilize social media for digital marketing. Given the importance of digital platforms in today's modern business era, this study aims to understand how MSMEs view their readiness to manage social media and their level of involvement in utilizing it for promotional activities. The methodology used is quantitative descriptive, including a survey distributed to 64 MSME owners, which collected data on their experiences, practices, and attitudes toward social media management. The results show that most MSME owners feel ready to manage their social media by actively following trends and creating relevant content to attract consumers. The study also shows that although social media significantly contributes to expanding market reach, improving customer relationships, and increasing sales, many MSMEs still lack a comprehensive digital marketing strategy. Although MSMEs show a high level of readiness to use social media, further education and support are needed to adopt more advanced digital marketing tools and strategies.

Experiencing hybrid spaces a scoping literature review of empirical studies on human experiences in cyber-physical environments

Whether we are taking a leisurely stroll through the city or rushing about our daily business, our everyday lives are today informed, mediated, and entertained by digital technology. As a consequence, new spatial arrangements are constituted that have been conceptualised as hybrid spaces. They evolve in connection with mobile devices and ubiquitous Internet access and are characterized by an imbrication of the physical environment and digital technology. Although hybrid spaces permeate our everyday life, there is little empirical research on experiences in hybrid spaces. This paper presents a scoping literature review on experiences in hybrid spaces. Based on a synthesising reading of research evidence from 28 empirical studies, three overarching thematic strands were identified: place, mobility, and social interaction. However, the empirical research field appears nascent still and lacks convergent and consolidating approaches, particularly across disciplines. Nevertheless, while digital technologies have so far been associated with processes of domestication and a diminishing importance of places, mobile devices and especially AR applications can draw people outside and foster spatial meaning-making. Hybrid practices change spatial uses and produce new patterns of urban functions at multiple levels. Moreover, hybridisation challenges fundamental notions of ‘place’, as digital augmentation allows for the coexistence of an infinite number of modifications of a place and can encompass past, present and future representations. While what we gain and lose through this development remains an open question, we provide concrete guidance for future research on what and whom to investigate, as well as how to do so.

Predicting Nigerian Stock Market Returns Based on Daily Business News Headlines

This study predicts daily returns of the Nigerian Stock Exchange (NSE) using Nigerian daily news headline. The Vanguard newspaper is used as the source of information, to collate 11 years (2February 2, 2012 to September 29, 2023) of daily news headlines and data on the daily returns All-Shares Index (ASI) of the Nigerian Stock Exchange NSE was collared from the website https://ng.investing.com/indices/nse-all-share-historical-data. Text mining techniques such as Term Frequency-Inverse Document Frequency (TF-IDF) are applied to pre-determine important words and sentences and their influences on daily market returns. N-gram sentences are used to build bigrams and trigrams, which helps us determine their positive and negative returns. The result shows that when words such arabia, crypto, renewal, paris, and tradermoni appear in news headlines, there is negative returns in the stock market, but when words such as lawmakers, multinationals, ebonyi, constraints and double appear in the news headline, there is positive return. For bi-gram sentences when sentences such as price dip, earning rise, tax compliance, and econbank partners appear, there is often negative return, on the other hand when sentences such as trustfunds pensions, inter agency, business insurance, index rise and forex supply appear in the news headline, there is often positive return. And for tri-gram sentences, when sentences such as profit taking NSE, government private sector, cross boarder trade, cargo tracking note, and capital market sec, there is often negative return in NSE, on the other hand, when sentence such as poor purchasing power, naira watch cbn, mtn google empower, google empower smes and external reserve hit appear in the news headlines, there is often a positive returns in the stock market. Three machine-learning models were used to build the predictive models. The models were logistic regression with a prediction accuracy of 0.52, Support Vector Machine (SVM) with an accuracy of 0.51, and K-nearest Neighbour (KNN) with an accuracy of 0.99, indicating higher prediction evidence of news headlines by the KNN model for the NSE index over the alternative models. We limited fitting the models using only unigrams and left fitting models using bigrams and trigram sentences for future research.

Implementasi Akuntansi Syariah pada Sistem Bagi Hasil Pembiayaan Mudharabah dalam Praktik Keuangan Modern

Mudharabah financing is a form of cooperation between shahibul mal (capital owner) who provides all the capital to mudharib (the manager). The profit sharing used in mudharabah financing, in this case there are two parties who make a business agreement, then the results of the business carried out by both parties or one of the parties, will be divided according to the portion of each party to the agreement. The purpose of this study is to determine the implementation of the profit-sharing system of mudharabah financing used to develop businesses in today's modern era. The research method used is literature review through literature study to collect data and research information by collecting materials from journals and scientific articles on mudharabah financing with profit sharing system. From the results of this study, the number of business actors in today's modern era, with the high need for small business capital, especially street vendors who at the same time find it difficult to fulfill the procedures for obtaining funding in the banking sector, this is a great opportunity for Sharia Financial Institutions (LKS) such as Baitul Mal wa Tamwil (BMT) to provide a forum for street vendors (mudharib) by issuing Mudharabah financing with the aim of improving the performance and income of a Micro, Small and Medium Enterprises (UMKM). So that mudharabah can play a role in sharia-based economic development and the growth of modern industrial society.

Advancing corporate sustainability via big data analytics, blockchain innovation, and organizational dynamics—A cross‐validated predictive approach

AbstractIn today's business landscape, the paramount focus of firms is to achieve advanced corporate sustainability. This objective has led to the development of big data analytics, reliable big and cloud data analytics capabilities, and blockchain technology as powerful tools worldwide that have helped firms increase sustainable performance. Capitalizing on these technologies, this study provides new insight into the role data‐driven competitive sustainability, data‐driven culture, and organizational management information in steering firms' performance. Using a quantitative research approach, data was collected through a structured survey administered to managers and IT professionals across various industries. The relationships between the variables were analyzed using structural equation modeling (SEM), confirming that all proposed hypotheses were supported. The results demonstrate the significant positive impact of big data analytics capabilities, reliable big and cloud data analytics capabilities, and blockchain technology on corporate sustainable performance and data‐driven competitive sustainability. Furthermore, data‐driven competitive sustainability was found to mediate the relationships between BDA, RBCDA, blockchain technology, and corporate sustainable performance. Additionally, OMIS‐fit and data‐driven culture were identified as critical moderators that enhance the effects of these technological capabilities on competitive sustainability and corporate performance. These findings provide valuable insights for organizations seeking to leverage advanced technological capabilities to achieve a sustainable competitive advantage in emerging economies.

BUSINESS DIGITALIZATION EDUCATION FOR THE SOCIETY TO FACE THE ERA OF REVOLUTION 4.0

The era of digitalization 4.0 has begun, forcing people to adapt to using various means of interaction through cyberspace as is the case in today's business. Therefore, in order to avoid the use of social media and activities using the internet ethically and intelligently, community service is held with the aim of increasing public knowledge to understand the use of business through digital platforms, so that people can avoid problems that often arise when making transactions using the internet. The delivery method is carried out using offline and online systems which are delivered through lectures, discussions and questions and answers. The Community Service activities carried out by the FEB UPDM (B) Lecturer Team which provides education on digitalization in the 4.0 era produces good output for all levels of society in general, as well as FEB UPDM (B) lecturers in improving academic performance in particular in implementing the Tridharma of Higher Education. Community Service has implications for encouraging the use of technology properly by the community and facilitating life which provides added value in life

DIGITALIZING FINANCIAL RECORD FOR IMPROVING CIOMAS JAYA MSMEs ADVANTAGE COMPETITIVE

The financial aspect is a key factor in business activity process, especially for Micro, Small & Medium Enterprises (MSMEs). Financial management process has a major impact on business sustainability. Generally, MSMEs have financial problems, including (1) less financial understanding, (2) low awareness of financial recording, and (3) the inability to use appropriate digital financial platforms. Based on this reasons, this activities aim to 1) provide education and training on the importance of good and correct MSME financial management according to the needs and interests of each business, 2) educate MSMEs about digital finance, its benefits and advantages for daily business activities, and 3) provide training and assistance on how to use the BukuWarung application as a medium to record and control the financial flow of business processes. The existence of these activities increases the technical capabilities Micro, Small & Medium Enterprises (MSMEs). Technical matters will ultimately increase the productivity and efficiency of business operations and transactions.

Sustainability in Project Management: Factors That Play a Pivotal Role in Influencing Adoption of Sustainability Practices in IT Projects.

In today's competitive business landscape, sustainability has become a crucial element of strategic and competitive advantage, particularly in the management of IT projects. As organizations increasingly acknowledge the importance of sustainable development, it is essential to understand the factors that drive the incorporation of sustainability into project management practices. This research paper aims to explore the key factors influencing the adoption of sustainability practices in information technology (IT) project management. It seeks to provide insights into the drivers of integrating sustainability into project management. The study investigates the various factors that influence sustainability in IT project management and examines the barriers to its adoption. It employs a combination of literature review, and data analysis to identify the primary drivers and obstacles. The findings reveal key factors influencing sustainability practices in IT project management, including organizational culture, stakeholder pressure, regulatory requirements, and long-term cost efficiency. The barriers identified include lack of awareness, resistance to change, and limited resources.

The Significance of Responsible Leadership for Innovative Work Behaviour: A Conceptual Framework

Responsible leadership is a key foundation in today's dynamic business world, where the call for ethical behaviour and innovation is louder than ever. Unlike traditional leadership paradigms, responsible leadership represents a multifaceted relationship and views leadership as a dynamic interplay between leaders and stakeholders, rather than a one-sided leader-follower dynamic. Based on this understanding, our study developed a conceptual framework for the relationship between accountable leadership and innovative work behaviors. It also identified mediating-moderating roles to better understand the linkages and gaps in the research. The conceptual framework was developed based on a literature search of 82 studies. The individual constructs of the model were analysed with the findings of other studies and the theoretical and practical contribution was identified through synthesis. In order to create a sustainable future, it is imperative that the pursuit of continuous innovation and the principles of responsible behaviour form the cornerstones of any society. Responsible leadership stimulates innovative work behaviour not only for the benefit of the organisation but also for the well-being of all stakeholders. This is essential to building the relationships and corporate culture that mediate this relationship. The moderator of this relationship is the moral intelligence of the responsible leader, which strengthens the relationship between responsible leadership and innovative work behaviour. The study contributes by providing a comprehensive review of the existing knowledge on responsible leadership and innovative work behavior. Furthermore, it enriches scholarly knowledge and offers practical insights into the characteristics desirable in CEOs to promote responsible and innovative business behavior.

KEY STAGES AND INNOVATIVE APPROACHES IN RISK MANAGEMENT UNDER UNCERTAINTY

The purpose of the article is to analyze in detail the process of risk management at enterprises, in particular, its key stages. In addition, the article aims at studying the current instruments of bankruptcy risk management which can be implemented in the modern economy. The relevance of the article is stipulated by the need to improve approaches to risk management in today's dynamic business environment, where enterprises are constantly facing financial and operational threats. Of particular importance is bankruptcy risk management, since economic instability and high level of competition require effective mechanisms to protect financial stability. The following methods are used in the study: the method of analysis and synthesis - for a structured consideration of the stages of the risk management process, identifying the relationships between them and forming a holistic picture of management actions at each stage; the method of logical generalization - for formulating general conclusions and recommendations on the stages and tools of risk management based on the analysis of literature and practical examples. The result of the study is to determine the essential characteristics of the main stages of the enterprise risk management process and the relevant tools for managing the bankruptcy risk. This includes: a structured description of the key stages of risk management – from risk identification and assessment to monitoring and control, which ensures a systematic approach to responding to threats; analysis of current tools for managing bankruptcy risk – identification of tools that facilitate early detection of risks and support the financial stability of the enterprise. The practical value of the article lies in providing enterprises with a clear description of the risk management process, which includes the main stages from identification to monitoring and control, allowing companies to take a more systematic approach to risk management and reducing the likelihood of negative financial consequences. The use of the current tools for managing bankruptcy risk described in the article provides an opportunity to quickly identify early signs of financial instability, which helps to maintain their financial stability. In addition, the proposed recommendations can be integrated into the enterprise management system, creating a flexible and adaptive model to maintain stable development in the face of economic uncertainty.

Agile and Flexible management (Basics and adaptation)

Agile and Flexible management are pivotal methodologies in today's dynamic business environment, fostering adaptability, innovation, and responsiveness. Agile management emphasizes iterative processes, customer collaboration, and the ability to swiftly respond to changes, making it highly suitable for complex and fast-evolving industries. Flexible management complements this by allowing organizations to adjust their strategies and structures in real-time to meet unforeseen challenges. Together, these methodologies facilitate a more adaptive organizational culture, improve productivity, and enhance team collaboration. This paper explores the foundational principles of Agile and Flexible management, their key differentiators, and their practical application across various industries. It also examines how businesses can effectively integrate these approaches to improve project outcomes, handle market volatility, and support continuous improvement. To achieve the objectives of the present study, the researcher used the descriptive approach. In light of the results of the study, the researcher recommend the Organizations should adopt agile and flexible management gradually, starting with smaller projects or departments. For successful adoption, leadership must actively promote agile and flexible values, encouraging a culture of collaboration, experimentation, and risk-taking. Leaders should also embrace decentralized decision-making to foster flexibility at all levels.

Exploring Internet of Things adoption challenges in manufacturing firms: A Delphi Fuzzy Analytical Hierarchy Process approach.

Innovation is key to gaining a sustainable edge in an increasingly competitive global manufacturing landscape. For Bangladesh's manufacturing sector to survive and thrive in today's cutthroat business environment, adopting transformative technologies such as the Internet of Things (IoT) is not a luxury but a necessity. This article tackles the formidable task of identifying and comprehensively evaluating the impediments to IoT adoption in the Bangladeshi manufacturing industry. We delve deeply into the complex terrain of IoT adoption challenges by synthesizing expert insights and a meticulously selected body of contemporary literature. We employ a robust methodology combining the Delphi method with the fuzzy Analytical Hierarchy Process to systematically analyze and prioritize these challenges. Using this methodology, we leveraged the combined expertise of domain specialists and subsequently employed fuzzy logic techniques to address the inherent ambiguities and uncertainties within the data. Our findings highlight this clear path. They reveal that among the myriad barriers, "Lack of top management commitment to implementing new technology" (B10), "High initial implementation investment costs" (B9), and "Risks associated with switching to a new business model" (B7) loom most extensive, demanding immediate attention. These insights are not confined to academia but serve as a pragmatic guide for industrial managers. Armed with the knowledge gleaned from this study, managers can craft tailored strategies, set well-informed priorities, and embark on a transformational journey toward harnessing the vast potential of IoT in the Bangladeshi industrial sector. This article provides a comprehensive understanding of IoT adoption challenges and industry leaders with the tools necessary to navigate these challenges effectively. This strategic navigation, in turn, contributes significantly to enhancing the competitiveness and sustainability of Bangladeshi manufacturing in the IoT era.

Managing Overload: Tactics for Helping Leaders Combat Chronic Overwhelm

This article explores research-backed strategies for dealing with the chronic feelings of being overwhelmed that affect an estimated 75% of today's business professionals according to existing research. With overwhelm linked to negative consequences such as burnout, poor decision-making, and an inability to meet organizational goals, the article presents four key tactics drawn from research that leaders can use to better manage their workload and regain a sense of control. The strategies discussed include conducting an audit of current responsibilities to identify unnecessary tasks that can be cut, limited multitasking and interruptions through setting distraction-free periods allowing focus on priorities, empowering others through clear and appropriate delegation to reduce reliance on self, and instituting effective time management practices such as blocking out periods for priority work and batching related tasks. Case studies and findings are discussed for each approach. By adjusting perspectives and optimizing processes using evidence-based methods such as these, the article argues overwhelmed leaders can significantly reduce their chronic feelings of being overworked in support of both strong leadership performance and well-being within today's fast-paced business environment.