Friendly Business Research Articles

Kewirausahaan Sosial dalam Perspektif Ekonomi Islam

Business is a movement to satisfy needs that are overwhelmingly popular by many gatherings. Business venture today has encountered a change in direction from one benefit to another situated to be a social mission. Social business venture/social business exercises viewed as an option in taking care of monetary issues social. As a country where most individuals are Muslims what's more, considering the inescapable development of social business venture, then Islamic financial matters accompanies a perspective on data about the connection between friendly business and the upsides of Islamic regulation. Social exercises business when seen from the execution program plays practically a similar part with the point of Islamic financial matters itself with an end goal to increment development and financial prosperity. This study utilizes the writing survey strategy, in particular by gather a few ideas that are ordered from the exploration factors then, at that point, consolidated into another logical review. Moreover, the reason for making This examination is to add a little reference to the investigation of Social Entrepreneurship in the viewpoint of Islamic Economics.

Analysis of the Impact of Sustainable Marketing Strategic on Consumer Preferences

Sustainable marketing strategies have become an increasingly important topic in the business world. Based on Nielsen Indonesia data in 2021, around 83% of Indonesian consumers stated that they prefer products from brands that are committed to environmentally friendly business practices, but even though consumers express support for sustainable products, their purchasing behavior is not always consistent with this statement. This study aims to analyze the impact of sustainable marketing strategies in influencing consumer preferences and purchasing decisions. The research method uses a quantitative survey. The sample consisted of 400 randomly selected respondents. Data collection was carried out through a structured questionnaire, and data analysis used confirmatory factor analysis (CFA) and moderation regression. The results of the study show that sustainable marketing strategies have a significant influence on consumer preferences. Environmental awareness and social norms strengthen this relationship as significant moderating factors. Integration of sustainable strategies can increase product appeal and strengthen brand image in a competitive market, with a focus on strengthening sustainability communication to maximize the positive impact of sustainable marketing strategies.

Examining institutional investor preferences: The influence of ESG ratings on stock holding in China's stock market

Amidst the global rise in ESG investing, this study scrutinizes China's institutional investors' preference for high-ESG stocks. Utilizing A-share data from 2015 to 2022, our analysis reveals a strong preference for high-ESG stocks, driven by their potential to reduce operational risks, enhance profitability, and reputation. This preference is further amplified by significant analyst report coverage, yet moderated by disparities in ESG ratings. We also observe a distinct trend among independent investors, who favor high-ESG firms, particularly in non-state-owned sectors and in smaller companies within high-pollution industries. The findings suggest that guiding institutional investments towards ESG can steer China’s capital market towards more environmentally friendly businesses, thereby promoting sustainable economic development.

Implementing sustainability: What role do knowledge management and management accounting play? Agenda for environmentally friendly businesses

Implementing sustainability: <scp>What</scp> role do knowledge management and management accounting play? <scp>Agenda</scp> for environmentally friendly businesses

Simplification analysis of labour policy and regulation as an effort to increase micro and small enterprises’ growth in Indonesia

This research aims to examine in more depth the changes resulting from the Job Creation Law, which impact the level of business friendliness in Indonesia, and how to analyze these changes to improve the business environment to be more conducive to carrying out business activities. This research uses normative legal research methods and is analytical descriptive research. There have been several changes since the emergence of the Job Creation Law, such as the establishment of a limited liability company. Changes to the Job Creation Law could improve the Indonesian economy. However, juridically, this regulation gives authority to the central government to manage micro and small businesses, contrary to the principle of decentralization, which prioritizes the provision of resources to local governments.

SOCIAL RETURN ON INVESTMENT (SROI) ANALYSIS ON CREATING SHARED VALUE (CSV) PROGRAM WITH THE THEME “SAYURPRENEURSHIP 4.0 TALK SHOW: DIGITALIZATION STRATEGY FOR VEGETABLE TRADERS”

SROI helps measure and communicate the value of social investment by taking into account the benefits received by the community and other stakeholders. SROI can assess the extent to which the digitalization program has succeeded in providing positive impacts, both in terms of increasing the income of vegetable traders and from other social aspects, such as improving the quality of life and welfare. Companies or organizations can contribute to the welfare of the community while improving their business performance through the CSV program. CSV can help create solutions that benefit vegetable traders, as well as the surrounding community by utilizing digital technology to improve the way they operate and interact with the market. Programs like this, if carried out in the long term, are expected to encourage digital transformation in the traditional trade sector, creating a more modern and competitive business ecosystem. The results of this literature study indicate that increasing awareness, skills, and income for vegetable traders, support for local MSMEs, and promotion of more environmentally friendly business practices. These positive impacts are not only felt in the short term but also have the potential to provide sustainable long-term benefits, supporting local economic growth and environmental sustainability. With this high SROI ratio, this event can be considered very effective and efficient in achieving its goals, as well as providing returns that far exceed the investment made.

Fostering innovation through green HRM: The mediating role of organizational support and green commitment

This study aims to investigate the role of green human resource management (GHRM) on innovative work behavior in helping organizations to implement environmentally friendly business practices. By using natural resource-based view and social exchange theory as theoretical lens, we consider the role of green HRM, perceived organizational support for the environment, green knowledge sharing, and green commitment as antecedents of innovative work behavior. The sample is 215 employees from the MSME’s manufacturing industrial sector in West Java province selected using purposive sampling, then the data was analyzed using structural equation models (SEM-PLS). The research results show that GHRM practices have a positive and significant influence on green commitment, green knowledge sharing, and innovative work behavior. Apart from that, the moderating role of green knowledge sharing is found to strengthen the relationship between green human resource management and green commitment. The mediating role of green commitment in the relationship between GHRM and employee innovative work behavior is also confirmed. This study also found that organizational support indirectly influences green commitment. The findings of this study provide contribution to the literature, especially in the field of organizational behavior by emphasizing the role of GHRM practice to stimulate innovative work behavior of employees. It also provides practical implications for organizations to adopt environmentally friendly business practices as an effort to improve their positive outcomes of the employees.

Implementasi ramah lingkungan di pusat kuliner pasar Kreneng Denpasar, Bali

This research aims to find out how the environmentally friendly concept is implemented and what must be improved to raise the awareness of eco-friendly behavior of the food stall runners at the culinary center of Kreneng night market in Denpasar. Environmentally friendly behavior or eco-friendly behavior refers to behavior that is not harmful to the environment. In terms of products, this means everything from production to packaging and marketing must be environmentally safe. Business activities that are not environmentally friendly can cause global warming. Furthermore, global warming means increasing the average temperature of the earth's atmosphere, sea, and land. The impact of global warming results in sea level rise, climate change, damage to organisms, and effects on water availability. The impact of environmental damage will chain if there is no effort to anticipate it. One way to anticipate ecosystem damage that needs to be done is implementing environmentally friendly behavior. An environmentally friendly lifestyle needs to be implemented in order to minimize damage to the ecosystem. Environmentally friendly business activities are currently being promoted throughout the world. Ecosystem damage affects economic, social problems, and even socio-political stability in a country and even the world and will have a direct or indirect impact on human life. This research is descriptive qualitative research. Data sources were obtained from library studies and direct interviews with business actors in the restaurant sector. From this research, it was found that several large restaurants, especially those located in 5-star hotel environments, have carried out business activities that indicate they are environmentally friendly by carrying out green actions, green food, and green donations.

Desiri Naturals: sustainable agriculture and eco-friendly business

Learning outcomes After completion of the case study, the students will be able to critically analyze the business model of Desiri Naturals, analyze the pricing strategy of Desiri Naturals, examine the importance of experiential marketing in the success of an environment-friendly business, identify the challenges faced by new entrepreneurs and evaluate the sustainability practices of Desiri Naturals. Case overview/synopsis This case study discusses the business model of an environmentally friendly business. The challenges and obstacles faced by entrepreneurs are illustrated in this case. The entrepreneurs’ vision to provide chemical-free food is highlighted and their business operations as a means to fulfill this vision are explained. Desiri used an age-old bull-driven method of oil extraction (Ghana). Challenges in pricing due to the availability of low-priced mass-produced edible oil using the solvent extraction process are presented in this case. The entrepreneurs faced the pricing dilemma at the inception of the business, as oil produced using the natural cold pressing method cost three times the selling pricing of solvent-extracted oil. Innovative methods of experiential marketing such as Ghana tourism are explained in this case. This case study also explains the sustainable and natural farming techniques propagated through its network of farmers. This case study provides insights into the scalability of this model and the scope for employment generation in rural India. The environmentally friendly practices followed by Desiri, such as the use of glass bottles and reusable steel containers for packaging oil are emphasized. Finally, this case presents the marketing and operational challenges faced by entrepreneurs in their quest to expand their operations. Complexity academic level This case study can be used by postgraduate and undergraduate students studying marketing, entrepreneurship, sustainability and operations management courses in commerce and business management streams. Supplementary materials Teaching notes are available for educators only. Subject code CSS8: Marketing.

PELATIHAN DAN PENDAMPINGAN DIGITALISASI ADMINISTRASI PENJUALAN PADA KELOMPOK WANITA TANI " DEWI SARTIKA" DESA PETUNG SEWU KABUPATEN MALANG

This Community Service aims to provide assistance and training for the Petung Sewu Village Farmer Women's Group, Malang Regency, namely the Petung Sewu Village farmer women's association that processes citrus drinks which currently does not have proper business administration records, resulting in irregular recording and proof documents, inseparability between personal money and business capital and business results, In fact, often it cannot be known the profit and loss from the proceeds of sales. This community service activity is in the form of assistance to the Petung Sewu Village Farmer Women's Group, Malang Regency in terms of managing business administration activities systematically using the TemanBisnis application to facilitate the management of administrative activities so that all administrative activities can be recorded properly. The method used is to hold assistance and training on the use of digital financial administration records, namely the "Business Friends" application. The end result of this activity is the application of a good digital sales administration system to realize an orderly administrative business and ease of financial records, financial statements. Real time information in this system helps the business operations of the Farmer Women's Group of Petung Sewu Village, Malang Regency more effectively and efficiently. Keywords: Farmer Women's Group, Digital Sales Administration, TemanBisnis

녹색혁신의 결정요인, 녹색혁신 및 성과간의 관계

[Purpose] Companies are facing internal and external pressure to accelerate the paradigm shift centered on low carbon and adapt and implement environmentally friendly business activities. According to this trend, it is becoming important for companies to actively promote the adoption and implementation of environmentally friendly activities such as green innovation. This paper aims to develop a model that verifies the determinants supporting green innovation and the impact of green innovation on performance. [Methodology] A research model was designed based on previous studies and theories, and a questionnaire survey was conducted on manufacturing companies to verify this. 96 samples of the questionnaire were used for the final analysis, and the hypothesis was verified using PLS－SEM. [Findings] It was found that corporate environmental ethics and market demand have a direct positive effect on both green product innovation and green process innovation. It was found that stakeholder interest had a positive effect on green process innovation, and management commitment had a positive effect on green product innovation. It was found that green product innovation had a positive effect on environmental and organizational performance. Environmental performance was found to have a positive effect on organizational performance. This supports the ‘Win－Win’ paradigm of environmental efficiency that improvement of environmental performance has a significant effect on organizational performance. [Implications] Green innovation is driven by corporate environmental ethics, market demand for green products, stakeholder interest, and management commitment. It suggests that participating in environmental business practices such as green innovation can help improve environmental and organizational performance.

How to Improve Sustainability Performance Through Human Resource Management and green Supply Chain Management Strategies in the industrial Manufacturing Sector

This research investigates the impact of Green Human Resource and Green Supply Chain strategies on improving sustainable performance in the manufacturing industry. The main focus of this research is to understand how the implementation of these green strategies can improve a company's operational efficiency and productivity. This approach includes human resource management with a focus on environmental sustainability and supply chain optimization to minimize environmental impacts. The research methodology involved quantitative data analysis measuring the impact of green strategies on sustainable performance using random sampling. The research technique was carried out by means of observation, distributing questionnaires and processing data using SEM-AMOS. The sample used was 310 respondents in manufacturing companies located in the Bekasi area. The results of this study are expected to provide valuable insights for the manufacturing industry in facing sustainability challenges and increasing competitiveness through environmentally friendly business practices

Artificial Intelligence-Based Conversational Agents Used for Sustainable Fashion: Systematic Literature Review

In the past five years, the textile industry has undergone significant transformations in response to evolving fashion trends and increased consumer garment turnover. To address the environmental impacts of fast fashion, the industry is embracing artificial intelligence (AI) and immersive technologies, particularly leveraging conversational agents as personalized guides for sustainable fashion practices. In this research article, we conduct a systematic literature review to categorize techniques, platforms, and applications of conversational agents in promoting sustainability within the fashion industry. Additionally, the review aims to scrutinize the solutions offered, identify gaps in the existing literature, and provide insights into the effectiveness and limitations of these conversational agents. Utilizing a predefined search strategy on IEEE Xplore, Google Scholar, SCOPUS, and Web of Science, 15 relevant articles were selected through a step-by-step procedure based on the guidelines of the PRISMA framework. The findings reveal a notable global interest in AI-powered conversational agents, with Italy emerging as a significant center for research in this domain. The studies predominantly focus on consumer perceptions and intentions regarding the adoption of AI technologies, indicating a broader curiosity about how individuals incorporate such innovations into their daily lives. Moreover, a substantial proportion of the studies employ diverse methods, reflecting a comprehensive approach to understanding the functionality and performance of conversational agents in various contexts. While acknowledging the historical precedence of text-based agents, the review highlights a research gap related to embodied agents. The conclusion emphasizes the need for continued exploration, particularly in understanding the broader impact of these technologies on creating sustainable and environmentally friendly business models in the e-retail sector.

Community Empowerment through Eco-Crowdinvesting in Green Business for Sustainable and Eco-Friendly MSMEs

The COVID-19 pandemic, coupled with climate change repercussions, has gravely impacted global economies, notably the MSMEs in Kelurahan Meteseh. These MSMEs, which play key roles in local tourism and cuisine, struggle with energy and capital issues. This community service program addresses these challenges by implementing a green economic ecosystem for these SMEs, leveraging digital platforms, and promoting environmentally friendly business operations. Methodologically, the project encompassed preparation, technology deployment and installation, technology transfer, and mentoring. To address these issues, a community service program introduced Eco-Crowdinvesting green business technology with solar panels to help MSMEs recover sustainably. Solar panels and the Eco-Crowdinvesting platform reduce operational costs, improve finance, and strengthen MSMEs, making energy affordable for them. In line with national digital and green economy strategies, this program gives MSMEs access to solar power and an innovative financing platform, strengthening their economic resilience, promoting sustainable business practices, and increasing environmental awareness.

Carbon Pricing Policy to Support Net Zero Emission: A Comparative Study of Indonesia, Finland and Sweden

The Nationally Determined Contribution (NDC) of Indonesia in the Paris Agreement targeted emission reductions of 29% on its own and 41% with international cooperation in 2030, followed by Net Zero Emissions (NZE) in 2060. To achieve NZE, Indonesia enacted a carbon tax policy on April 1, 2022. The 2022–2024 carbon tax is limited to Steam Power Plants and will be imposed on other sectors by 2030. This research examines the ratio legis of carbon cost policies in Indonesia and compares the core of carbon tax policies in Indonesia with Sweden and Finland. Indonesia is starting to implement a Carbon Pricing policy under the ‘Cap-and-Tax’ scheme. The Cap scheme will be a means to force changes in the business culture in Indonesia, so the companies will pay attention to and reduce the carbon emission produced to avoid paying penalties for carbon exceeding the limits. Meanwhile, the Carbon Tax will provide economic resources to Indonesia to develop environmentally friendly technologies, fund research on renewable energy, and provide incentives for environmentally friendly businesses during the transition process to a carbon culture in Indonesia. Referring to the results of the comparison of carbon pricing policies in Finland and Sweden, Indonesia can gradually increase the cost of carbon taxes starting from Rp30,000/US$2 per ton CO2 equivalent to US$10 per ton CO2 equivalent. Meanwhile, for the imposition of high carbon tax rates, such as in Finland (US$73.02 per ton CO2 equivalent) and Sweden (US$137 per ton CO2 equivalent), Indonesia must carry out tax reforms, so the applied carbon tax is able to reduce carbon emissions without causing adverse impacts for the Indonesian economy.

Currency Devaluation and Economic Growth in Nigeria

This study examined currency devaluation and economic growth in Nigeria. Specifically, the study economic growth, balance and external debt on currency devaluation in Nigeria and tracked the direction of causality between currency devaluation and real economic variables in Nigeria. The study adopted the qualitative and quantitative research design. Secondary time series data covering 1990 to 2020 were obtained in the study. Estimation methods used in the study’s analysis includes descriptive statistics, correlation analysis, ARDL Co-integration analysis, parsimonious error correction model, granger causality test and other post estimation tests. Findings from the study revealed that gross domestic product exert positive significant impact on currency devaluation captured with currency devaluation both in the short and long run; balance of trade exert positive significant impact on Nigeria currency devaluation both in the short run and insignificant positive impact in the long run; external debt exerts negative significant impact on Nigeria currency devaluation in the short run; and positive significant impact in the long run; and a unidirectional relationship exists between external debt and currency devaluation, balance of trade and currency devaluation, external debt and balance of trade respectively. Premised on these findings, the study advocated that government in collaboration with monetary agencies should seek sound measures to reduce import and encourage exports towards maintaining positive trade balance and improve economic growth; government should create and introduce economic reforms or macroeconomic policies targeted at causing friendly business environment, boost economic output and improving the performance of the economy and government and the Central Bank of Nigeria should ensure debts contracted are deployed towards encouraging investment in exportable goods and services.

The obligation of the entrepreneur to protect the environment

Protecting the environment is one of the most current topics of debate around the world. From the impact people have through all their actions, to how the planet can be protected, discussions about the environment are of great interest to everyone. If you have a business and you want to have as little impact on nature as possible, you need to be very well informed both about how you act and about the existing legislation in the Republic of Moldova. An environmentally friendly business is one that uses resources efficiently, trying to minimize the impact of environmental risks. Adapting companies to have more sustainable businesses starts with awareness of the issues and understanding the importance of these changes.

Sosialisasi dan Pendampingan UMKM melalui Pembukuan Keuangan secara Digital menggunakan Aplikasi Teman Bisnis

Financial bookkeeping plays an important role in the management of micro, small and medium enterprises (MSMEs). Many MSMEs in West Klompang Village are not yet fully aware of the benefits and procedures for proper financial bookkeeping. Therefore, this community service aims to provide socialization and assistance with digital financial bookkeeping. The method involves observation, planning, implementation, and evaluation, with activities including interviews, outreach about the importance of bookkeeping, and introduction to the Business Friends application. As a result, there were 10 people who took part in this activity and showed high interest among MSME players in digital bookkeeping, with the Teman Bisnis application recognized as a practical tool for recording and analyzing financial transactions. The duration of this activity is 120 minutes with the hope that this service can improve the performance and welfare of MSMEs in West Klompang Village through regular and transparent financial bookkeeping.

Factors Contributing to Environmentally Friendly Business Practices in SMEs (Small and Medium Enterprises) With a Focus on Process Performance and Resources: Study of Local Culinary SMEs in North Kuin Village, South Kalimantan, Indonesia

Environmentally friendly business practices (PBR) are often overlooked by small and medium enterprises (SMEs), even though they are proven to provide competitive advantages, reduce risks, encourage environmental sustainability, and increase organizational efficiency. This research analyzes the factors that influence PBR in local culinary SMEs, with a focus on process performance (PP) and SME resources. This research uses a quantitative approach with structural equation modeling (SEM) to analyze the influence of process performance (PP) and SME resources (fundamental resources (FR), upgrading capability (UC), and dynamic capabilities (DC)) on PBR in local culinary SMEs in North Kuin Village, South Kalimantan. The research results show that only fundamental resources (FR) and improvement capabilities (UC) influence PBR in local culinary SMEs. SMEs with access to resources and the ability to increase capacity have more potential to implement PBR.

Moderating Role of Remittance Inflows in Testing the Validity of Ecological Footprint-Induced Environmental Kuznets Curve (EKC) Hypothesis in Nigeria: An ARDL bound testing approach

The paper tests the validity of ecological footprint induced-environmental Kuznets curve (EKC) hypothesis by considering the moderating role of remittance inflows in environmental quality -economic growth nexus in the context of Nigeria from 1980 to 2022. The study employed an ARDL bound testing approach, the results of both the short and long-run revealed that the coefficients of economic growth (GDP) and economic growth squared (GDP2) is significantly positive and negative respectively. This indicates an inverted U-shaped relationship between environmental degradations and economic growth thereby authenticating the validity of the EKC hypothesis in Nigeria. Furthermore, remittance inflows exert a negative and significant impact on environmental quality in the short-run but the coefficient is insignificant in the long-run. The interactive term of GDP and remittance inflows exert a positive and significant impact on environmental degradations in the short-run thereby revealing a complementary role by both the two variables in deteriorating the environment in the short-run, although the coefficient is insignificant in the long-run. The interactive between squared GDP and remittance inflows revealed a negative significant impact on environmental pollution thereby indicating a substitutability role by the two variables in improving the quality of the environment. Based on the findings, it is recommended that government should invests in research and development (R&amp;D) on green energies and environmentally friendly technologies. personal remittances received should be channeled toward financing environmentally friendly businesses for environmental sustainability in Nigeria. Keywords: Ecological Footprint-Induced, Environmental Kuznets Curve, and Nigeria