Business Experience Research Articles

Business politicians and fiscal consolidation

AbstractWhat explains the variation in countries’ propensity to engage in austerity policy? Economic and political country-level factors are the paramount explanations in the literature. Nevertheless, variation in fiscal preferences at the executive level remains underexplored, except for ideology. Moreover, budget decisions are endogenous to the state of the economy, thus casting doubt on standard measures based on the debt and/or deficit ratio. This article contributes to the literature in two ways. First, I turn to the individual level of analysis and suggest that leaders with business experience are more likely to pursue a balanced budget and tend to implement fiscal consolidation policies based on spending cuts. Second, I ease concerns about individuals’ self-selection into office by relying on fiscal adjustments that are weakly orthogonal to the economic cycle. The statistical analysis of a panel of 17 OECD countries between 1978 and 2014 confirms the theoretical expectations. The results are robust to a variety of specification and statistical methodologies and hold for a subset of as-if random leadership transitions following close elections. A case study of Brian Mulroney's governments in Canada (1984–93) further illustrates the argument.

Mapping the barriers to socio-economic freedom in internationalisation of women-owned SMEs: Evidence from a developing country

Internationalisation of women-owned firms is considered a new strategy for unlocking the full economic potential of a country. However, there has been a desultory work on gender and trade, particularly the epistemological and methodological approaches to explore this phenomenon, which has received inadequate attention. Drawing on the institution-based- theory and incorporating the feminist perspective, this study identifies barriers to socio-economic freedom as a multidimensional concept that influences the internationalisation of women entrepreneurship. Using mixed methods and based on findings from focus group discussion (study-1), in-depth interviews (study-2) and a survey (study-3) of SME women entrepreneurs, the study develops and validates a gender-specific model of barriers to socio-economic freedom that women entrepreneurs face in the internationalisation of their firms. The findings confirm that the additional barriers that women entrepreneurs face emerge from three dimensions (i.e. socio-interactional patterns, socio-psychological attachment and socio-cultural embeddedness) that influence the internationalisation of women-owned SMEs through the lack of foreign market knowledge and information and lack of international business experience. This study extends internationalisation and women entrepreneurship research by identifying novel dimensions of the barriers to socio-economic freedom landscape. Implications of our findings for theory, methods and practice with limitations and future research directions are discussed critically.

National technological sovereignty and three levels of industrial human resource endowment

Aim. To consider the relationship between vocational education and the industrial sphere, as well as to assess the level of personnel training for industry and changes at the end of the difficult year 2022 on the example of St. Petersburg.Tasks. To determine the current trends in the training of personnel for industry, differences in the assessment of the quality of graduates of St. Petersburg universities and colleges by different groups of economic entities, the dynamics of changes in the last two years.Methods. The article analyses the processes of changes in society and their impact on the system of professional education, industrial adaptation of graduates of St. Petersburg higher and secondary educational institutions on the basis of monitoring of enterprises-members of the Union of Industrialists and Entrepreneurs of St. Petersburg.Results. The article discusses socio-economic processes in modern conditions characterised by increasing technological capabilities and transformation of production relations. The influence of these processes on the social aura and structure of the society, the system of professional education and the production sphere is estimated. The guidelines for ensuring national technological sovereignty on the basis of balanced staffing of various components of the domestic economy are considered. Attention is paid to the formation of rational educational orientations among young people taking into account historically grounded mentality and creative skills, permanent generation of new knowledge and complication of production processes. The conditional division of economically active population into levels by basic categories: age, education, professional hierarchy is proposed.Conclusions. The authors proposed to intensify activities to raise the prestige of engineering labour and promote national scientific and technological achievements, the practice of transferring experience from qualified workers with experience to young people through the mentoring system, attracting teachers with experience in business and industry. Measures to achieve a balance between the system of higher and secondary vocational education and the needs of the labour market were discussed. The division of economically active population in the interests of industrial staffing into levels by basic categories: age, education, professional hierarchy is proposed.

Bridge to health informatics—a 5-week intensive online program to increase diversity in health informatics

IntroductionHealth informatics (HI) has the potential to address health disparities and improve healthcare outcomes; however, lack of diversity in the workforce, especially at advanced levels, feeds disparities, and creates inequities. Increasing participation from underrepresented minorities requires exposure and connection to the field and career opportunities including advanced degrees. Morehouse School of Medicine (MSM) created the no-cost, 5-week intensive online Bridge to Health Informatics (B2HI) program in 2021 to connect participants from backgrounds underrepresented in HI with industry-relevant skills, professional certification, business experience, and graduate training opportunities.MethodsThe curriculum included intensive training in knowledge and current trends, business propositions, and professional certifications. Successful completion of the B2HI provided scholars with guaranteed admissions into the Master of Science in Health Informatics (MSHI) degree program, which premiered at MSM in August 2021. We deployed several strategies to attract individuals interested in advancing their careers in HI. To assess the impact of the recruitment strategy and program, we analyzed applicant demographics, the interests of those accepted into the program, and feedback from participants via anonymous online surveys.ResultsIn 2021, our recruitment efforts attracted 65 applications, over whom 90% self-identified as African American and the majority were working adults. Among the 46 applicants accepted and enrolled, 38 (83%) completed the program. Thirteen B2HI graduates enrolled in the first offerings (Fall 2021 and Spring 2022) of the online MSHI degree program, the highest number for the first sessions of our online master’s degree programs, indicating that B2HI connects scholars with advanced training. Participants indicated immense overall satisfaction with the program and had strong positive responses for increased interest and confidence to do advanced work in the subject.DiscussionThe data indicate that B2HI addresses key factors that hinder diversity in healthcare and informatics-related fields, including awareness, access, and social support, and connect students with the next stages of training toward careers that require an advanced degree. By providing opportunity, resources, and networks that help participants raise their potential to become leaders and decision-makers in the healthcare industry, programs like B2HI enable the collective effort to decrease health disparities.

Impact of Socially Responsible Business Behavior on Implementing the Principles of Sustainable Development (Experience of Large Business)

Impact of Socially Responsible Business Behavior on Implementing the Principles of Sustainable Development (Experience of Large Business)

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

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

Smallholder milk-quality awareness in Indonesian dairy farms

In most low- and middle-income countries, milk is produced by smallholders, thereby contributing to the livelihood of their households. With the increasing importance of milk production in these countries, it is essential that milk quality is of a high level to ensure a safe product for consumers. It is, however, unclear whether smallholder dairy farmers are aware of the quality of their milk. The aim of this cross-sectional study was to gain insight on Indonesian smallholder dairy farmers' awareness of milk quality parameters and to identify factors associated with the total plate count (TPC) and somatic cell count (SCC). A stratified sampling method was utilized to select smallholder farms in 5 districts in West Java, Indonesia that were interviewed between August and September 2017. Factors putatively associated with awareness of TPC were investigated with multinomial regression models while a Firth-type logistic regression was applied to identify factors associated with SCC awareness. Of the total 600 farmers surveyed, 264 (44%), 109 (18%), 170 (28%), 111 (19%), and 23 (4%) farmers were aware of TPC, total solid (TS), fat content, milk density, and SCC, respectively, but did not know its value. Those that were conceptually aware of these quality parameters were generally unaware of their value. Furthermore, this study revealed that the following variables: cooperative, distance to neighboring dairy farmer, technology adoption index, TPC as the most important quality factors for the buyer, milk production information from cooperatives, and cow's health information from veterinarians were significantly associated with dairy farmers awareness of TPC. Similarly, cooperative, dairy business experience, and milk quality test adoption were significantly associated with dairy farmers' awareness of SCC. Cooperative was the only variable that was significant in both final statistical models. This indicates that cooperatives play an important role in increasing farmers' awareness of milk quality parameters in these smallholder dairies. This may be valid for other regions in the world also where milk production is dominated by smallholder dairy farmers.

Private & Public Sector Leadership Lessons: Experiences in Family Business & US Gov’t Agencies

Private & Public Sector Leadership Lessons: Experiences in Family Business & US Gov’t Agencies

Participation in international organizations: An analysis of the experience of business and workers in Mercosur (1995-2019)

O artigo analisa a participação de atores sociais no Subgrupo de Trabalho nº 10 sobre Assuntos Laborais, Emprego e Seguridade Social do Mercosul (SGT 10), no período de 1995 a 2019, em duas etapas: na primeira delas, procurou-se analisar o conjunto de atores sociais dos quatro Estados-Partes fundadores do Mercosul; na segunda, a abordagem concentrou-se em quatro atores sociais dos dois principais Estados-Partes do Mercosul (Argentina e Brasil). Esses atores representam trabalhadores e empresários. A pesquisa utilizou análise documental e de conteúdo e estatística descritiva. No artigo, foi possível constatar que: (i) houve redução da participação dos atores sociais no SGT 10 no período analisado; e (ii) a agenda do SGT 10 mostrou-se permeável aos interesses dos quatro atores sociais selecionados quando se analisam as decisões aprovadas dentro desse subgrupo.

Pengaruh Pengetahuan Akuntansi, Pengalaman Usaha, Motivasi Kerja, Dan Skala Usaha Terhadap Persepsi Penggunaan Informasi Akuntansi Pada Pelaku UMKM (Studi Kasus UMKM Di Kecamatan Ujung Padang Kabupaten Simalungun)

This study aims to assess the influence of various factors on the perception of information use among Micro, Small, and Medium Enterprises (MSMEs) in Ujung Padang District, Simalungun Regency. This study uses a quantitative approach with a convenience sampling method to collect data from MSME owners. Data analysis involves validity tests, reliability tests, normality tests, multicommenality tests, heteroscedasticity tests, partial tests, simultaneous tests and determination coefficient tests. Then this study uses multiple linear regression analysis techniques. The findings show that there is a significant influence of business scale, business experience, accounting knowledge, and work motivation on the perception of information use among MSMEs. However, about 56.7% of the variation in the perception of information use could not be explained by the variables studied, indicating the existence of other influencing factors. This study emphasizes the importance of improving the understanding and skills of MSME owners in utilizing accounting information and calls for collaborative efforts from various parties to support the sustainable development of MSMEs.

Keragaan Agribisnis Usaha Jamur Tiram Putih di Kelurahan Anduonohu Kecamatan Poasia Kota Kendari (Studi Kasus di Usaha Tiga Putra Farm)

Oyster mushroom is a type of wood mushroom that Indonesia commonly consumes. It has a fruiting body that grows in bloom to form a shallow funnel shell (oyster). This study aimed to determine the agribusiness performance of the White Oyster Mushroom (Pleurotus ostreatus) in Anduonohu ​​Village, Poasia District, Kendari City. Case study on Tiga Putra Farm Business. This research was conducted in September 2021. The object of this research was the Tiga Putra Fram Timber Mushroom business. The method used in this study is Qualitative Descriptive Analysis. The type of data in this study used primary data, namely direct interviews, and secondary data, namely library literature. The variables used in this study are 1. The informant's identity includes age, education level, business experience, and some family dependents, 2. Agribusiness performance from this study is in the form of support in the agribusiness subsystem, which includes production facilities (seeds, fertilizers, tools /machinery, and mushroom house), cultivation and farming subsystem (planting, maintenance, processing), and marketing subsystem (distribution). The results of this study are the agribusiness performance of the white oyster mushroom (Pleurotus ostreatus), namely the procurement and provision of production facilities, including the procurement of mushroom houses, seeds, tools, and machines. Cultivation and farming include oyster mushroom production, maintenance, and harvest. Oyster mushroom product marketing is done online and offline by online method, namely posting oyster mushroom products on several social media platforms such as Facebook, WhatsApp, and Instagram. Thus the range of product marketing can be more comprehensive. Offline marketing to resellers of oyster mushrooms that will be resold, such as the Ummushabri Kendari and Hypermart.

Lalu Sekejap Enterprise

Encik Ben and Encik Cha embarked on a humble venture called Lalu Sekejap Enterprise in 1990, offering general maintenance services. Despite lacking business experience, they registered their company and secured contracts with the local government. Their commitment to integrity and halal income was deeply rooted in their religious beliefs. Encik Ben, a dedicated employee with limited education, grew from a general worker to a supervisor, acquiring essential knowledge of the maintenance industry. Encik Cha, having witnessed corruption during his time in the treasury department, recognized Encik Ben's ethical approach and engaged in discussions outside of office hours. Together, they explored the possibility of starting their own business, driven by their shared vision of conducting business ethically. While Encik Ben and Encik Cha faced challenges due to their lack of business expertise, they persisted in their commitment to integrity. They overcame compliance issues and rebuilt their business, focusing on delivering high-quality services. Their dedication resonated with like-minded clients, and they established a reputation for honesty and trustworthiness. Years later, Encik Ben and Encik Cha attended a digital business training program that opened their eyes to the potential of digitalization in the maintenance industry. Recognizing the need to ensure the continuity and growth of their business, they started grooming their children and loyal employees to take over key responsibilities. With a strategic focus on digital transformation, Lalu Sekejap Enterprise integrated digital tools and platforms into their operations, enhancing efficiency and expanding their customer base. The business thrived, driven by a new generation of leaders who shared Encik Ben and Encik Cha's commitment to quality service and community well-being.
 Keywords: Ethical practices, Digital transformation, Integrity, General maintenance, Small business

Factors determining cassava farmers’ accessibility to loan sources: Evidence from Lampung, Indonesia

Abstract Credit accessibility is crucial for sustainable agricultural development. However, the difficulty in accessing credit has caused farmers to take many considerations when taking a loan. This research aims to determine the factors determining access and credit sources for cassava farmers in Lampung Province, Indonesia. Central Lampung was chosen as the research location because it had a total cassava production share of 36%. This study used Isaac’s and Michael’s formulae to determine the total samples. The data were collected by interviewing 263 respondents. Of 263 farmers, only 109 (41.4%) had access to loans. Data were analysed using the Multinomial Logit Regression Model to examine the factors determining access and credit sources for cassava farmers. Marginal effect analysis was also used to determine the probability of changes in independent variables. Regression results showed that the type of credit sources chosen by the farmers was determined by age, income, agribusiness experience, land size, education, organisation membership, and credit experience (R 2 = 89.1%). Partially, age, income, land size, education, credit experience, and business experience significantly influence the funding source. The results indicate that age, agribusiness experience, and land size are the main factors in choosing the types of credit. Land size has the biggest positive influence on farmers’ access to formal banks (11.49%).

The Use Of Accounting Information Systems For Micro, Small And Medium Enterprises (MSMEs In The City Of Makassar)

The purpose of this study is to determine the factors that influence the use accounting information on MSME actors in Makassar .The independent variables in this study are accounting knowledge, business experience, work motivation, education level and business scale. While the dependent variable is the use of accounting information. Deep data collection methods this study using simple random sampling, obtained sample 30 .data collection method in this study using questionnaire. This study uses statistical data analysis techniques regression with the help of SPSS. The results of this study indicate accounting knowledge business experience, work motivation, education level, and business scale positive effect on the use of information accountant. There are still other independent variables that can influence the use of accounting information that were not examined in this study. Future research agendas are suggested to extend a longer observation period to get better results and add research variables that influence the use of accounting information.

The Effect of an Interdisciplinary Entrepreneurship Education Program on Students’ Entrepreneurial Intention

The effect of Entrepreneurship education on students' Entrepreneurial Intention is well recognized. It goes beyond traditional business education by incorporating multidisciplinary approaches. Nevertheless, some researchers have found that this relation was sometimes seen as not significant, ambigious and negative. Thus, the aim of this study is to test the effect of an Interdisciplinary Program of Entrepreneurship Education on students' Entrepreneurial Intention. Accordingly, a quantitative research was directed with 285 students of Entrepreneurship Research and Professional Master. Data were collected via direct visit to universities and analysis using Structural Equation Modeling through AMOS software. As a result, Entrepreneurship Education Dimensions, respectively, Content Integration and Collaboration have shown significant and positive effects on Student’ Entrepreneurial Intention elements, respectively, the desire to be entrepreneur and the intended Personality Traits. Actually, the Program was qualified as interdisciplinary and students approved a great Desire to be entrepreneur, where they are seeing themselves as qualified to be entrepreneur and having the needed Personality Traits. However, the main handicaps they have expressed that they are looking to get more business experience.

Analisis Implementasi Online Food Delivery (OFD) Sebagai Strategi Pemasaran Digital di Food Court Tjendana Food Point

The culinary business experiences continuous growth, the number of culinary businesses that keep popping up. The trigger for the growth of the culinary business is the presence of various online promotional media, including online food delivery. The purpose of this research is to analyze internal and external factors in online marketing using OFD MSME food at Tjendana Food Point. The method used is descriptive qualitative method. Data validity tests were carried out, namely data reduction, triangulation, and data display. The results of the study show that ordering food through OFD increases during Covid-19, the holiday season, and when OFD applicators apply promos. Apart from these moments, ordering food through OFD seemed normal. Apart from serving food delivery, OFD has also become a trend in modern society, which is a way to order food using a smartphone through an OFD provider application. For business actors, the presence of OFD is an alternative to being able to open a food business even if they do not have a shop or restaurant or when the place of business is not possible to receive guests. In addition to the perceived benefits, business actors, customers and driver-partners also feel that the tariffs applied by OFD applicators make prices high for customers but income for business actors and drivers tends to be minimal.

Factors Influencing The Use Of Accounting Information On SMEs In Padang

This study examines and analyses the factors that influence SMEs to use accounting information in their business. The method of determining the sampling in this study using purposive sampling. The type of data used in this study is primary data obtained through distributing research questionnaires to SMEs in the city of Padang. Data analysis techniques using multiple regression analysis and tested by t-test. The results of this study indicate that the level of education and accounting knowledge has a positive effect on the use of accounting information on SMEs. At the same time, business experience and entrepreneurial spirit do not affect the use of information systems in SMEs in Padang City.

Theoretical Models of Financial Literacy: A Bibliometric Analysis and Literature Review

Manuscript type: Literature review Research aims: This study aims to identify research trends in theoretical models of financial literacy in the Scopus database from 2013 to 2021. Future research can focus on the least-used variables in theoretical models of financial literacy. Design/Methodology/Approach: Seventy-three articles using theoretical models of financial literacy are discussed in this study. This paper uses bibliometric analysis to visualise the bibliographic coupling, co-citation, and co-occurrence of keywords. Research findings: An increasing number of articles on financial literacy models have been published in the Scopus database, suggesting a growing interest in theoretical models of financial literacy and financial literacy knowledge. Performance, competitive advantage and business experience are increasingly being used as variables, indicating an opportunity to further investigate financial literacy models. Theoretical contribution/Originality: This study is the first to investigate theoretical models of financial literacy using bibliometric analysis and a literature review. This study focuses on articles published between 2013 to 2021. Practitioner/Policy implication: This study is important because it connects previous and more recent studies, identifies gaps in understanding, and suggests new ways to study theoretical models of financial literacy. Research limitations/Implications: The material used in this study was only taken from the Scopus database. Therefore, further research needs to be done by including indexing and other databases.

Smart Tourism Triggers Tourist Minds-Do you have the mind to mind it?

The essential aspect of Smart tourism is that it is transforming as a result of the digital revolution. The advancement of new technology has resulted in remarkable digital transformations in the tourist industry. Tourism was one of the most affected sectors during the ongoing pandemic situation. The sector is in need of drastic strategic decisions focusing on Tourist locations, complexes, goods, business experiences, and ecosystems as these are continuously evolving. This involves establishing and growing new business partnerships, business models, and capabilities in the tourist industry. The research aim is to analyse the role of smart tourism in emerging countries with a special focus on Uzbekistan and its challenges and to use a conceptual approach and focus on the travel and tourism business. Our study aims to identify the relationship between trust and Smart tourism dissemination in digital marketing through the lens of the theory of mind (ToM). ToM plays a mediating role in enhancing the image of a smart destination and consequently improves tourists’ behavioral intentions. The study findings have revealed that there exists a significant role in tourism innovations and their advantages and barriers in developing countries.

FAMILY BUSINESSES IN UKRAINE AND ABROAD: COMPARISON OF RESEARCH AREAS

The purpose of the article is to compare the research areas of family businesses in Ukraine and abroad. The article examines the domestic and foreign research experience of family businesses from the standpoint of innovative economic development. Relevant publications of recent years are considered, which reflect the results of research and achievements of science and practice of the leading countries of the world, and a typology of family business research is compiled. The author's features of the typology of research on family enterprises are proposed: resource-oriented research, innovation-management and project research, approbation-methodical research, spatial and credit-oriented research, and innovation-oriented integrating research. As a means of implementing programs, projects, and measures for the development of family enterprises, planning and organizational measures of innovatively oriented formation, functioning and development of family enterprises and determination of optimal ways of such development are proposed.The problems of the creation, operation and development of family enterprises in Ukraine and the development of family entrepreneurship on the basis of modern innovations and experience of foreign family firms of various types of economic activity were considered. This will allow, in the current conditions, as well as in the post-war period, to use the potential of family businesses of all types of economic activity in the most effective way.The article proposes the use of methods of analysis, analogy, comparison, induction, and statistics, which allowed to thoroughly study a certain set of issues and draw appropriate conclusions.