Entrepreneurial Business Research Articles

Efektivitas Pembiayaan dalam Pemberdayaan Usaha Mikro pada KSPSS Al-Anshari Bukittinggi

The purpose of this research is to know and analyse the effectiveness of financing in micro business empowerment at Kspps AL-Anshari Bukittinggi. This research uses a qualitative descriptive approach, namely collecting data according to what is actually then compiled, processed, analysed to be able to provide an overview of the existing problems. The author obtained information and data from informants by using interviews with informants. The results of this research explain that the effectiveness of financing in the empowerment of micro businesses at Kspps AL-Anshari Bukittinggi, namely in an effort to empower micro businesses, Kspss Al- Anshari Bukittinggi provides business capital financing to customers who apply for a pinjama for mikto business capital, so that with the financing, the customer's income as a micro business entrepreneur can be said to be effective, because every customer who is studied, the average customer's income increases. The effectiveness of financing in micro business empowerment at Kspss Al-Anshari Bukittinggi for the last five years, namely in 2018-2022. In 2018 the effectiveness ratio rate is 77% (quite effective), in 2019 the effectiveness ratio is 83% (quite effective) and in 2022 the effectiveness ratio rate is 72% (quite effective) which is included in the criteria is quite effective. This is because the realisation achieved is still far enough to differ to meet the set target. In 2020, the effectiveness level is 104% (highly effective) due to the realisation that has reached the set target. In 2021 the effectiveness level of 32% (not effective) is the lowest effectiveness level, this is realised very much different from the target. From the results of the last five years from 2018-2022 it is said to be quite effective.

The Moderating Roles of Economic Complexity in the Entrepreneurship‐Sustainable Environment Nexus for the Gulf Cooperation Council Economies

ABSTRACTThere are conflicting views on the effect of business and entrepreneurial activities on environmental degradation in developing economies. However, none of this study examines whether economic complexity can serve as a policy tool for mitigating the effect of entrepreneurial business activities on a sustainable environment. Economic complexity consists of the structural and economic transformation process from a simple production system to a more complex and innovation‐based one. It predicts the variations in income level and its impact on the choice of goods being produced in an economy. This study examines the moderating effect of economic complexity on the link between entrepreneurship and sustainable environment in Gulf Cooperation Council (GCC) countries from 2006 to 2020. It further examines the validity of the Entrepreneurial Environmental Kuznets Curve (EEKC). The study uses the Driscoll‐Kraay standard error fixed effect, Panels Corrected Standard Errors (PCSE), method of moment quantile regression and Dumitrescu–Hurlin causality that are robust to heteroscedasticity, cross‐sectional dependency and other pitfalls of least square estimating technique. The results validate the inverted U‐shaped EEKC hypothesis across all the quantiles. Economic complexity increases ecological degradation at the lower quantile levels, while it decreases environmental footprint at the upper quantiles. Furthermore, economic complexity moderates the detrimental impact of entrepreneurial activity on the environment at the higher quantiles. A two‐way relationship is established between entrepreneurial activity and the environment, while one one‐way connection from economic complexity to the environment was found. The study recommends that policymakers should encourage innovative rather than necessity entrepreneurs. Entrepreneurs should be encouraged to engage in business activities that are friendly toward preserving the ecological environment, and green innovative activities should be prioritised in their entrepreneurial activities.

Intergovernmental organizations and entrepreneurship: understanding the relationship between the supranational, national, and individual level

AbstractIntergovernmental organizations (IGOs), such as the World Trade Organization, the United Nations Trade and Development and the World Bank, promote stability, security and development for member states and their citizens via supranational institutional influences. However, their influence on individuals, especially their entrepreneurial business activities, is unclear. As policymakers decide when more (or less) IGO involvement best serves their countries and citizens, we must better understand the connection of the supranational, national, and individual levels. Thus, we study how IGO membership influences entrepreneurial opportunities and focus on two activities that impact a country’s economy differently: formal and informal entrepreneurship. Moreover, we identify how national institutional ecologies build the bridge between the supranational and the individual level and mediate the relationships. Using a sample of 68 countries, their entrepreneurial environment, and their connection to IGOs, we find that IGO memberships enhance opportunities for entrepreneurship. Moreover, IGOs promote formal entrepreneurial activities while discouraging informal entrepreneurial activities, mediated by the country’s institutional ecology. We combine insights from international relations, institutional theory, and strategic entrepreneurship to highlight how institutions at different levels influence entrepreneurial opportunities and discuss the policy implications of our findings.

Ethnic Food Truck Consumers’ Satisfaction: A Combination of PLS-SEM and fsQCA Analysis

Food trucks represent a unique dining option that encompasses elements such as culinary innovation, small business entrepreneurship, and cultural diversity. Grounded in the self-determination theory, this research aimed to examine a framework of ethnic food truck visitors’ satisfaction using symmetric and asymmetric approaches. Drawing from a sample of 416 online respondents, the symmetric analysis revealed that brand image mediated the relationship between the quality concepts (food quality and delivery quality) and satisfaction. In addition, destination image mediated the relationship between authenticity concepts (food authenticity and atmosphere authenticity) and satisfaction. Cuisine type partially moderated the structural model consisting of quality, image, and satisfaction. Through an asymmetric approach, the study identified configurations predicting high and low satisfaction, highlighting the combined effects of multiple ingredients. These insights provide valuable theoretical and managerial implications for understanding customer satisfaction within the food truck industry.

Gendered enterprise: Women and Australian business history

AbstractThis special issue examines women and Australian business history. Contributions explore women's entrepreneurship in small urban businesses, side hustles, agriculture, and family companies. Articles highlight the importance of women's businesses, as a financial necessity for women, their families, and their communities. Authors examine the barriers for women in business, including legislation, licensing, societal expectations, and discrimination. Articles also explore women's intersections with other demographic characteristics, with access to enterprise mediated by class and the rural–urban divide. Finally, contributions examine the way traditional archives have obscured histories of businesswomen, and the opportunities offered by feminist historical methodologies for studying business history.

Digital Financial Capability Towards Improving Entrepreneurial’s Business Performance

Digital financial, play a vital role for the country growth, provides the prospects for encouraging economic development during the looming economic downturn. Entrepreneurs play a significant role in economic growth and development. Today, digital financial become a large portion among entrepreneurship to increase their business performance. The objectives of this research to study the capability of financial digitalization towards entrepreneurial business. Therefore, on the base of previous literature, we developed hypothesis digital financial, and data collected through structured questionnaires among entrepreneurs. The findings of this research endeavour to shed light on developing and popularizing digital financing by providing services which are cheap, secure, and low risk from a supply-side perspective, as well as adopting and adjusting digital financing by enhancing financial literacy, which would be necessary from the demand-side perspective. Therefore, to facilitate entrepreneurial success and improvement in entrepreneurial industry, it is important to provide entrepreneurs with financial education. Meanwhile, improvements to the financial environment should also be considered.

Pengaruh Kreativitas dan Inovasi terhadap Kewirausahaan

The approach of writing this article is to use descriptive analytic to analyze the impact of creative and innovative ideas on the world of business entrepreneurship. The data collection technique is the search for secondary data obtained from sources relevant to the topics discussed. By applying this concept, you will have a great opportunity to face the challenges that exist and have great potential in facing today's increasingly fierce business competition. Businessmen will be unable to compete with similar businesses if they do not take advantage of these creative and innovative ideas and the products marketed will not attract consumers so that the business they run will experience a decline. Therefore, the existence of this idea will have a considerable impact on the economy and the business world so that consumers do not get tired of buying and using these products. However, consumers can feel satisfied because they can use a product with many benefits that can be utilized by consumers Keywords : entrepreneurship, creativity, innovation

The mutual influence between entrepreneurial marketing and causal and effectual entrepreneurship: an empirical study in an emerging and developing economy

PurposeEntrepreneurial marketing (EM) literature has evolved recently, but more understanding is needed on how the seven dimensions of EM impact causal and effectual entrepreneurial behavior and, similarly, how entrepreneurial behavior influences the results of all dimensions of the EM construct. This study investigates the association and mutual influence between EM and entrepreneurship.Design/methodology/approachThis study uses a qualitative strategy, addressing gaps due to its low incidence and employs theoretical replication, which is practically unexplored. It investigates two cases in Brazil: small companies (eight cases selected by literal replication) and a structured network of companies (one case selected by theoretical replication), predicting a positive influence of EM in the first case and a negative or neutral influence in the second.FindingsThe influence of EM on entrepreneurship is context-dependent and varies according to the empirical object. In turn, the impact of entrepreneurship on the results of the EM dimensions is more stable, primarily causal and varies slightly between structures.Originality/valueFirst, by studying how the dimensions of EM impact causal/effectual behavior, this study broadens the understanding of the area, which was previously focused on only a few dimensions. Second, by investigating the impact of entrepreneurship on EM outcomes, this study sheds light on the influence of and differences in causal/effectual behavior in each of the seven dimensions. Finally, it extends the understanding of EM and entrepreneurship in small businesses and a structured network by identifying similarities and distinctions hitherto unexplored.

Investigating Small Business Entrepreneurship and Sustainable Development in Onitsha, Anambra State, Nigeria

The study examined the relationship between small business entrepreneurship and sustainable development in Onitsha, Anambra State, Nigeria. The study was anchored on Resource-Based View (RBV) theory, by Jay Barney in 1991. A random sampling probability technique was used. The population of the study consisted of 260 registered small businesses in Onitsha. Krejcie and Morgan's table was used to obtain a sample size of 155. Hypotheses were tested using the Pearson Product Moment Correlation Coefficient with the aid of Statistical Package for Social Sciences (SPSS, version 27). Hypothesis one indicated that there is a significant positive relationship between creativity and social equity of small businesses in Onitsha, Anambra State, with r = 0.912, n = 155, and p-value of 0.037 (p<0.05). Hypothesis two revealed that there is a positive significant correlation between response to opportunities and environmental protection of small businesses in Onitsha, Anambra State, with r = 0.758, n = 155, and p-value of 0.022 (p<0.05). The study concluded that there is a positive and statistically significant relationship between small business entrepreneurship and sustainable development in Onitsha, Anambra State, Nigeria. The study recommended that the Anambra State Government needs to promote creative initiatives in Onitsha to advance social equity and community development. The Nigerian government needs to encourage entrepreneurship and innovation among small businesses to enhance environmental protection and sustainable development in the country.

Factors that Affect Creating of Competitive Advantage for Trade Business in Xayabury District, Xayabury Province

The purposes of study were: 1) to study trade business competition situation of entrepreneurs, 2) to study a creation of a competitive advantage for trade business of entrepreneurs, and 3) to investigate factors that affect a creation of a competitive advantage for trade business in Xayabury district, Xayabury province. The research sample was 160 peoples from trade business of entrepreneurs by using questionnaires as data collection instrument and statistics were used to analyze frequency, percentage, mean, standard deviation and stepwise multiple linear regression. The research found that: 1) trade business in Xayabuly City, Xayabuly Province, faces moderate competitive pressure with the strongest force coming from existing competitors within the industry, followed by the pressure from the entry of new competitors, the bargaining power of suppliers of goods/raw materials, the bargaining power of buyers, and lastly, the threat of substitute goods. 2) The creation of a competitive advantage of trade business entrepreneurs in in Xayabuly City, Xayabuly Province is at a high level, the highest mean is the trading business difference in bringing new commodities different from the competitors to the market to satisfy the customers. To quickly response to the needs of clients, it is necessary for the trading businesses to present new products. Trading businesses need to emphasize targeting markets by building good collaboration and friendship with clients. Trading business need to have a strategy in lowering operation costs by using resources effectively. 3) Factors affecting the creation of a competitive advantage for trading business in Xayabury district, Xayabury province, consist of six factors such as: proactive factor, current competitor factors, competitive strength factors, risk tolerance factors, political-legal factors and threat factors from substitute products. These factors are directly interconnected with the creation of a competitive advantage, except, political-legal factors of the entrepreneurs in Xayabuly District, Xayabuly Province.

From Tiny Cues to Business Transformation: Serendipity and Strategic Project Initiations in a Small Family Business

Insights on strategic project processes are needed in a contemporary society characterized by many disruptions and major transformations. In this paper, we supplement existing theoretical framings on the process of strategic project initiation by exploring the relationship between serendipity, i.e., surprising and valuable discoveries, and strategic project initiations. With a qualitative longitudinal embedded multi-case study approach, we study a family business entrepreneur who successfully transforms her small family business via strategic projects initiated by serendipity triggers. Our research provides four contributions related to the nature of the relationship between serendipity and strategic project initiation: (1) the causality between the two phenomena can go in both directions; (2) strategic project initiation can relate to Archimedean, Columbian, or Galilean serendipity; (3) a time lag between the serendipity trigger and the strategic project initiation may exist; and (4) business stakeholders and family stakeholders may be involved in serendipity triggers and strategic project initiations through different logics.

Framework for developing entrepreneurial business models: Theory and practical application

A framework for developing entrepreneurial business models is crucial for guiding entrepreneurs from conceptualization to practical application in a dynamic market environment. This review outlines a comprehensive framework that integrates theoretical concepts with practical approaches to help entrepreneurs create robust and adaptable business models. The framework is grounded in a synthesis of contemporary entrepreneurship theories and practical insights drawn from case studies of successful ventures. It begins with a theoretical exploration of foundational business model components, including value proposition, customer segments, revenue streams, and cost structures. By leveraging established models such as the Business Model Canvas and the Lean Startup methodology, the framework provides a structured approach for entrepreneurs to design and validate their business models. A key component of the framework is its emphasis on iterative development and validation. Entrepreneurs are encouraged to employ lean principles, such as rapid prototyping and customer feedback loops, to refine their business models. This iterative process helps in adapting to market changes and customer needs, reducing risk, and improving the likelihood of success. The framework also incorporates strategic analysis tools to evaluate market opportunities, competitive landscape, and potential challenges. Practical application is emphasized through detailed guidelines and tools for each stage of business model development. This includes methodologies for conducting market research, identifying key resources and partnerships, and establishing operational processes. Additionally, the framework addresses the importance of financial planning and risk management, offering practical advice on funding strategies and contingency planning. The paper also highlights the significance of contextual factors, such as industry trends, regulatory environment, and technological advancements, in shaping business models. By incorporating these elements, the framework provides a holistic approach to entrepreneurial business model development. In conclusion, the proposed framework serves as a valuable guide for entrepreneurs seeking to develop and implement effective business models. It combines theoretical insights with practical tools and strategies, enabling entrepreneurs to navigate the complexities of the business landscape and achieve sustainable success. This approach not only enhances the strategic planning process but also fosters innovation and adaptability in an ever-evolving market environment.

Challenges, Requirements and Strategies in Digital Business for MSMEs: A Systematic Literature Review

The current digital age is ushering in significant changes in how Micro, Small and Medium Enterprises (MSMEs) operate, particularly in competition and collaboration. This systematic literature review aims to examine the significance of Digital Business Entrepreneurs (DBEs) as drivers of collaborative value networks within Micro, Small and Medium Enterprises (MSMEs). This paper synthesizes a comprehensive understanding of the challenges, requirements, and strategies associated with DBEs in the context of MSMEs by analyzing 150 research journal articles. The research demonstrates that DBEs have emerged as a subject of considerable academic interest, eliciting various viewpoints regarding their consequences on MSMEs. The investigation encompasses various settings within MSMEs, introducing prospects and obstacles resulting from the incorporation of digital business entrepreneurs. The paper makes a valuable contribution to the literature by addressing this research gap regarding the transformative capacity of DBEs in the MSMEs sector. The literature review identifies eight strategies, nine challenges, and eight requirements for digital business entrepreneurs. These findings provide entrepreneurs and managers with actionable insights as they navigate the digital landscape. Furthermore, delineating five prospective research trends provides scholars with a strategic guide, ensuring sustained relevance in this ever-evolving domain. Practical challenges faced by administrators of MSMEs involved in digital business entrepreneurship are also emphasized, offering practical advice for making sound decisions. This extensive evaluation functions as a valuable asset for individuals involved in digital business entrepreneurship, scholars, and practitioners in the field. It promotes a nuanced understanding of digital business entrepreneurs' obstacles and prospects when operating within micro, small, and medium enterprises.

The Viability of Establishing a Knowledge, Innovation, Science, and Technology (KIST) Park in Isabela State University Echague Campus Philippines

The spread out of the Special Economic Zone among universities will help elevate the level of knowledge among the students and imbibe employment opportunities. The top KIST component will be Entrepreneurial business with a 21.67% turnout, followed by the Information technology and BPO building which gathered 13.33% in consonance with the ISU Echague planning department to build Medical Hub as a part of its major component with telehealth online medical care. Hence, 11.67 % of business management concluded top 3 on its priority and lastly on agriculture from which the ISU Echague is known for its specialty and it shows the viability and acceptability of the respondents to cater to Agriculture and education with 10% of respondents agreeing. All of these major components are established with proper infrastructure to cater to both national and global economies integrated with sustainable development. It is recommended that all development shall not exceed its carrying capacity.

Retraction Note: Role of green financing in developing sustainable business of e-commerce and green entrepreneurship: implications for green recovery.

Retraction Note: Role of green financing in developing sustainable business of e-commerce and green entrepreneurship: implications for green recovery.

Discussion On The Development Of China's Regional Carbon Market Under The Background Of Double Carbon

Accelerating China's carbon trading market is one of the important means to deal with climate change and achieve the dual carbon goal. Due to the huge differences in China's regional economic development and carbon resource endowment, the impact of the establishment of the national unified carbon trading market on regional economic development is unstable and uncertain. For local governments to make full use of this empty window period, this paper combs the recent development of the carbon market, and discusses the development prospect of China's regional carbon market under the background of carbon trading. The results show that: ①in the current development of the national carbon emission trading market, we can not achieve the carbon unification of the market and abandon the local carbon trading market; ②In the process of regional carbon trading, it can promote the low-carbon development of local economy; ③In the process of regional carbon trading, it can increase the share of clean energy and improve the efficiency of regional ecological and environmental protection. Then, some suggestions are put forward for the development of local carbon trading: ①appropriately expand the pilot scale of local carbon trading, go up and down, and realize the double cycle development of carbon market; ②Strengthen the training of professionals and create an innovative and entrepreneurial business environment; ③build a carbon platform with big data technology and improve the Regional Internet plus carbon enterprise database; ④Actively promote the development of PPP model, explore the carbon sink transaction of cooperation between the government and social capital, continuously improve the regional green and low-carbon development, and jointly promote the realization of the "double carbon goal".

410 Preparing yourself, or your students, for a career in the animal science industries

Abstract Preparing yourself, or your students, for a career in Animal Science related industries may seem to require a crystal ball. As important as the specific knowledge might seem, the animal science students of tomorrow will need skills, perspective, an open mindset, the ability to think critically and a desire to be a problem solver. Careers going forward will reward the polymaths who are adaptable and resilient. Experiential training, a hallmark of animal science teaching in recent decades, should, in future, cross three domains: research, animal management and work. Experience in identifying pertinent research questions, forming hypotheses, a plan to test them and skills to analyze the results will be crucial to solving livestock-related challenges of the future. Living the day-to-day experience of a livestock producer will create graduates who are better grounded in and empathetic to the reality of livestock management. And lastly, internships can provide great insight into the demands of, and varied skills required to succeed in, the workplace. Our curricula for the animal science employee of the future should have depth and a great deal of breadth. Excellent understanding of the basic sciences: chemistry, biology, physiology, microbiology, is a given in order that employees can grasp the ever-deeper level of knowledge we have of animal-based systems. In our view, careers of the future will also require working knowledge of a wide swath of disciplines. Students should recognize the increasing likelihood that they may work in a small, entrepreneurial business at some point in their career. In addition to their animal science expertise, they may be called upon to contribute to initiatives in marketing, finance, innovation, global trade, data analytics, communications, One Health, compliance, sustainability or business ethics, to name a few. At the risk of being labeled as a “jack of all trades and master of none”, the animal science employee of the future will need multiple skillsets, the flexibility to draw on all of them and the willingness to step up and contribute to the success of their employer.

Implementasi Strategi Digital Marketing Sebagai Inovasi Kreatif di Bidang Wirausaha Nails Art

Nail treatment has become an important aspect for all groups of women. The use of fake nails Press on nails has become a popular alternative in the beauty industry, especially in nail art. Recently, the press on technique has become a significant trend among nail art fans. This study analyzes the factors that influence the popularity of press on nails and their impact on the development of entrepreneurial business in the nail art industry. The results showed that the popularity of press on nails in the nail art entrepreneur industry is determined by several main factors such as ease of use, application speed, design variations, and endurance. In addition, effective marketing strategies such as the use of social media and collaboration with influencers also play an important role in increasing the popularity of press on nails.

A Study on Measuring the Impact of Business Process Management on an Organization’s Business Performance Superiority

The study's overarching goal is to quantify the effect of BPM on the improved business performance of participating organisations. The research used the corporate process management life cycle methodology to identify the concept of superiority. Along with describing the operational and competitive dimensions of business performance superiority, the opinions and responses of the 89 managers who made up the sample were utilised to describe (process identification and design, process modelling and documentation, process monitoring and controlling, and process optimisation). To validate the study's hypothesised model and draw attention to BPM's role in explaining why some organisations outperform others, researchers performed multiple regression analysis. Organisational managers must provide moral and financial support for business process orientation within the business entrepreneurship window in order for their organisations to maintain a competitive advantage in an uncertain, risky, and potentially volatile environment.

Prospects and challenges in establishing entrepreneurship in post COVID-19 language and culture-related tourist attractions

This study discusses prospects and challenges facing start-up entrepreneurs in language and culture-related tourist attractions in Lombok, Indonesia. Data were collected by observing the operations of tourism entrepreneurs and interviewing the owners, workers, clients, and authorities in the industry. The data were analyzed using a mixed method where tourism sales over one year of business experience were quantitatively analyzed and where prime causes leading to profits and losses were qualitatively explicated. The findings identify six prospective opportunities and five challenges in sustainably establishing language and culture-related tourist attractions as core entrepreneurial businesses. This study enriches our understanding of what micro and small entrepreneurs experience at the early stages of business start-ups and how they respond to uncertainties facing them. The study also provides readers with an understanding of the prospects and the challenges facing small tourist-related entrepreneurs in operations at early start-up stages and serves as a reminder to small businesses about the potential challenges in their business operations. The article also recommends viable management plans to refer to as contingency strategies for probable future challenges. Furthermore, this study attempts to fill a gap in the literature on start-up entrepreneurship in language and culture-related tourist attractions.