Identification Of Business Opportunities Research Articles

Entrepreneurship training and assistance for group businesses in Karangploso District, Malang Regency

BUMDes (Village-Owned Enterprises) and KWT (Women's Farmers' Groups) in villages play a crucial role in fostering rural economic growth. Therefore, it is essential to bolster the entrepreneurial spirit among members of these groups. Community service activities conducted in Karangploso District, Malang Regency, aim to enhance the management capacity of BUMDes and KWT through training and mentoring approaches. The training targeted the chairpersons of BUMDes in Bocek Village and the leaders of KWT from all villages in Karangploso District. Training materials covered entrepreneurial motivation, business management, and product marketing. Post-training support was provided through the establishment of a social media group for consultation and discussion on group business activities. Topics included initiating new businesses, digital marketing, and business accounting. Ongoing mentoring activities were facilitated through social media and site visits as necessary. The outcome of this training and mentoring initiative was an increase in entrepreneurial motivation among participants. This heightened motivation translated into proactive identification and pursuit of business opportunities, generation of new product or service ideas, and enhanced participation in developing skills and knowledge related to business management, marketing, and finance.

Driving sustainable growth in SME manufacturing: The role of digital transformation, project, and capture management

In the landscape of Small and Medium-sized Enterprises (SMEs) within the manufacturing sector, achieving sustainable growth amidst increasing competition and evolving market demands presents a significant challenge. This abstract delves into the pivotal role of digital transformation, project management, and capture management in fostering sustainable growth for SME manufacturers. Digital transformation has emerged as a transformative force, offering SME manufacturers unprecedented opportunities to optimize processes, enhance efficiency, and expand their market reach. Through the adoption of advanced technologies such as Internet of Things (IoT), Artificial Intelligence (AI), and cloud computing, SMEs can streamline operations, improve product quality, and swiftly adapt to changing consumer preferences. Moreover, effective project management plays a crucial role in driving sustainable growth by ensuring timely delivery of products, cost optimization, and resource utilization. By implementing robust project management methodologies such as Agile or Lean, SME manufacturers can mitigate risks, enhance collaboration, and accelerate innovation, thereby gaining a competitive edge in the market. Furthermore, capture management, encompassing the identification, qualification, and pursuit of business opportunities, is instrumental in securing long-term growth for SME manufacturers. By strategically identifying target markets, understanding customer needs, and developing tailored solutions, SMEs can effectively capitalize on emerging opportunities and strengthen their market position. However, harnessing the synergies between digital transformation, project management, and capture management requires a comprehensive strategic approach. SME manufacturers must invest in cultivating a culture of innovation, fostering cross-functional collaboration, and nurturing talent equipped with the requisite digital and managerial skills. Driving sustainable growth in SME manufacturing necessitates a holistic approach that integrates digital transformation, project management, and capture management strategies. By embracing technological advancements, optimizing operational processes, and seizing market opportunities, SME manufacturers can embark on a trajectory of sustained success in the ever-evolving landscape of manufacturing.

Pengembangan Usaha Kelompok Pengolah Amplang Ikan Bandeng (Chanos Chanos) Mekar Jaya Di Kelurahan Sungai Parit Kabupaten Penajam Paser Utara

This research aims to describe the problems and examine the development of the Mekar Jaya Milkfish Amplang Processing Group in Sungai Parit Village, North Penajam Paser Regency. This research was carried out from October 2022 to December 2023 in Sungai Parit Village. The sample consisted of 7 respondents using saturated sampling (census) and purposive sampling methods. Data analysis uses descriptive analysis methods and the theory of business development stages (Anoraga, 2007). The results of the research show that the problems faced by the Mekar Jaya Milkfish Amplang Processing Group consist of a lack of availability of milkfish raw materials, a lack of labor and increasing prices of raw materials such as oil and others. The development study takes the form of development stages (Anoraga, 2007) which include, Stage I to Stage III which explains the identification of business opportunities, business formulation to the selection of the milkfish amplang business as the main business and Stages IV to Stage V explain the implementation of the business to the evaluation of the amplang business milkfish. The role of BAZNAS and the Fisheries Service as stakeholders is to carry out business development for the Mekar Jaya Milkfish Amplang Processing Group which is divided into 4 development aspects, namely business capital, product production, product promotion and facilities and infrastructure.

The Entrepreneurial Process in a Remote Island Context: The Case of Madeira

This paper studies the entrepreneurial phenomenon on a remote island to assess the effects of the spatial location on the entrepreneurial process. A qualitative approach was adopted to conduct this research, through a multiple-case study of 8 entrepreneurs from the island of Madeira, an autonomous Portuguese region in the Atlantic. The primary goal of this study is to characterize the entrepreneurial process in remote islands. This study adopts Bygrave’s (2009) definition and model of the entrepreneurial process. The findings show that the geographical environment on remote islands influences most phases of the entrepreneurial process. The identification of business opportunities will vary greatly between sectors of activity. Additionally, island-based entrepreneurs were more motivated by push factors, which suggests that the entrepreneurial landscape in remote islands will be populated by necessity entrepreneurs. Moreover, findings also demonstrate that remote island entrepreneurs are more preoccupied with firm survival than they are with growth. Finally, this study also discusses the impact of advances in information technologies on the entrepreneurial process on small and remote islands.

Pelatihan Kewirausahaan Berbasis Digital bagi Siswa Disabilitas SLB PGRI Kamal Kabupaten Bangkalan

The implementation of this community service aims to improve the ability of students with disabilities to prepare digital-based business plans and marketing. This service method uses training, which consists of the introduction activity stage of market research and identification of business opportunities, the action stage for implementing the business plan and the evaluation stage. The evaluation instrument for this activity uses a questionnaire and is analyzed descriptively. The results of this community service show: 1) the entrepreneurial abilities of students with disabilities have increased; 2) the knowledge of students with disabilities regarding digital business opportunities increases; 3) the knowledge of disabled students regarding business planning using the Business Model Canvas (BMC) increases; and 4) knowledge of students with disabilities regarding digital promotion and marketing methods increases so that they are able to market products through social media and market places.

Against all odds: women's motivation to become STEM entrepreneurs in Sri Lanka

PurposeThis paper aims to explore the motivations behind women in a developing South Asian country – Sri Lanka – to embark on entrepreneurship in science, technology, engineering and mathematics (STEM) fields, which is a doubly masculine hegemony operating within a culturally nuanced gendered context.Design/methodology/approachThe study employs a qualitative research approach, conducting in-depth semi-structured interviews with 15 STEM women entrepreneurs, following the theoretical lenses of push and pull motivation theory and gender role theory.FindingsAlthough the motivations of STEM women entrepreneurs cannot be exclusively categorized as either push or pull factors, the pull factors had a greater influence on the participants in motivating them to become entrepreneurs. The primary motivators for starting businesses in STEM were: inspiration from something or someone, inner calling, the identification of business opportunities, the need for flexibility, necessity and/or desire to help society. It was often difficult to identify one dominant motivator in many instances, as many factors were interlinked to motivate women to start a business. The study also revealed that gender ideologies could stifle the participants' motivation, while the inner need to break these gender ideologies implicitly stimulated their motivation.Originality/valueThe study contributes to and expands the knowledge of STEM women entrepreneurs in general and to the limited existing knowledge of STEM women entrepreneurs in developing countries specifically. The paper brings contextual novelty as Sri Lanka produces more female STEM graduates than men, which is unique compared to most other parts of the world.

Assessing the Potential of Livestock and Plantation Businesses in Several Lampung Regions

Farms and plantations have the potential to thrive in various Lampung locations, including Pesawaran, Pringsewu, South Lampung, Tulang Bawang, and Bandar Lampung city. Lampung Province has a reasonably significant and abundant potential for agricultural natural resources, including the potential for agricultural business development, as shown in the development of banana, corn, cassava, and oyster mushroom production. One of the manufacturers is Lampung Province. Poultry farming is one of the most popular enterprises in the livestock sector, because it can be started on a small size and scaled up to a large scale. Laiding hens, quail cultivation, ducks, and catfish farming are some of the livestock sub-key sector's commodities in Lampung Province. The goal of this research is to identify the potential of livestock and plantation businesses in various locations of Lampung, revenue and income, features of business feasibility, and whether or not business developments in these areas are practicable. This research method employs a quantitative description method. This survey activity employs a direct approach with observation and interview techniques as a data gathering instrument. The information gathered is both primary and secondary. Based on the findings of the identification of business opportunities in the livestock and plantation sectors conducted in various locations throughout Lampung, it can be concluded that all of the businesses studied in this study are viable to pursue in terms of BEP, ROI, R/C Ratio, and Payback Periods.

Indentifikasi Peluang Usaha pada Objek Wisata Pulau Kumayan oleh Masyarakat RT.12 RW.04 Kel. Surabaya Kec. Sungai Serut Kota Bengkulu

The Kumayan Island tourist attraction is very close to the community members of RT.12 RW.04 Kel.Surabaya Kec.Sungai Serut, Bengkulu City, where the existence of this tourism object has aroused the interest of some people to open a business. The community of RT.12 realizes that the tourism sector is considered capable of having a positive impact on driving people's economic activities, although the pandemic is still hitting Indonesia and has an unfavorable impact on the tourism sector, it does not dampen the desire of people who want to open businesses around the Kumayan Island Bengkulu tourist attraction. In the Kumayan Island tourist attraction, there are already several tourism supporting businesses, especially businesses in the culinary fields, souvenirs and games. But the diversity has not been seen, the average business actor sells similar goods, so there is not enough variety. While one of the attractions of tourism is the culinary diversity that is around the location of the tourist attraction. For this reason, it is necessary to identify business opportunities. With the bridge by the Faculty of Economics Service Team, a training was held on the identification of business opportunities at the Kuwayan Island tourism object, Bengkulu City, in the Community of Rt.12. From the results of this training, the people who are participants gain new enthusiasm and can understand how to empower the potential and opportunities that exist so that they have an economic impact on the community and make the Kumayan Bengkulu Island tourist attraction even better in the future.

Pembinaan dan peningkatan usaha pengolahan produk makanan jajanan berbasis ikan dan sagu di Desa Sungai Paku Kabupaten Kampar

Sungai Paku Village, Kampar Kiri sub-district, Kampar district, is one of the villages designated as a Village Assisted Village by LPPM, University of Riau, with the target group being women who are members of the UD business group. Mother's love. This business group was originally designed to produce fish and sago based snacks. Therefore, PKM activities are directed at fostering, developing and improving product quality that meets SNI standards. This solution will be offered to partners in order to develop their business and improve the quality of their products. The products that have been trained for several years before are fish sago noodles, meatballs, nuggets and fish snacks. Thus, this year's activity is a continuation of the activities of previous years, namely providing training to add product variants, so that PKM activities are emphasized on training on the manufacture of snack food products such as fish risoles and fish balls (fish balls). In this activity the team was accompanied by Kukerta Unri students in 2021 who were deployed in Sungai Paku Village consisting of 2 groups (the Balek Kampung Kukerta group and the Integration Kukerta group). The method of activity used is the extension and experiment method, namely processing sago and fish-based snacks (such as fish balls and risoles). with the implementation stages as follows: (1) The preparation stage, which is to approach partners and provide an explanation of the aims and objectives for carrying out PKM activities. and (2) the implementation stage, namely providing counseling and training to partners. Regarding the technology transfer for processing new variants of snacks such as fish balls and risoles. The outputs of this activity include: i) Increased public understanding of business management, ii) Identification of new business opportunities for fish-based processed products for partners, and iii) Publication on online (electronic) media in Pekanbaru Pos, as well as scientific articles for community service. seminars and publications in nationally accredited journals.

Pembekalan tentang Digital Marketing Strategy bagi Pengurus dan Anggota Dekopinda Jakarta Utara

Currently mastery of digital marketing has become a must for business people. However, there are<br />still many parties who have not mastered it. In order to provide briefing and enrichment on digital<br />marketing strategy, this community service activity (PKM) was carried out in collaboration with<br />Dekopinda - North Jakarta. Starting with the formulation of the problem, followed by the formulation of<br />the material and the determination of the form of activity, this PKM was carried out on June 26, 2021<br />using an online platform, because it took place in the midst of the Covid-19 Pandemic and the<br />implementation of the PPKM Mikro in DKI Jakarta. This activity was attended by 35 participants who<br />are the Managements and Members of Dekopinda – North Jakarta. The material presented includes<br />the understanding of digital marketing, digital marketing channels, internet marketing and its main<br />channels, how to start digital marketing, strategies for choosing social media as a promotional tool,<br />and how to choose a marketplace for beginners. After participating in this activity, participants felt<br />great benefits and suggested similar activities with different topics. The proposed topics are<br />leadership and identification of business opportunities during a pandemic.

Identifying opportunities for sustainable business models in manufacturing: Application of patent analysis and generative topographic mapping

Early identification of business opportunities is critical for technology-based manufacturers seeking to develop new sustainable business models (SBMs) for future competitive advantages. However, there exists an insufficiency of identifying business opportunities compared to previous studies which have focused mainly on technology opportunities and service opportunities. To fill this research gap, this study proposes a new systematic approach to identify business opportunities for new SBMs based on information relating to the manufacturers' technologies and patents. To illustrate, an example in the mining machinery industry was examined as a case study. The results demonstrated that 255 patent documents relating to the product were collected. Next, latent Dirichlet allocation was used to generate 26 business topics, which were categorized into the 9 building blocks of the business model canvas (BMC). Then, generative topographic mapping (GTM) was applied to identify 13 vacuums and related technology-driven business opportunities on the basis of BMC-based patent-business vectors. Finally, dynamic business modelling was conducted, which integrated sustainable BMCs and system dynamics in order to evaluate and rank these business opportunities. The proposed approach can promote consensus building between the technology and business planning departments on developing technology-driven SBMs in both public and private sectors.

PUBLIC TRUST IN THE BRAND OF THE TERRITORY: GENDER, AGE AND EDUCATIONAL DETERMINANTS

The key to ensuring sustainable economic development of the regions is the functioning of enterprises and organizations physically or legally located in its territory and the effective use and identification of hidden business and tourist opportunities of the parts. Unlocking such community potential is one of the key tasks of local governments, whose responsibility for their well-being has increased significantly with the start of the decentralization process. Financial decentralization and redistribution of tax revenues inevitably led to the growth of local budgets, which in turn formed the need for proper redistribution of expenditures, including the development of attractiveness of the territory for its own population, to reduce the outflow of able-bodied people and attract stakeholders. To this end, most cities and regions of Ukraine have begun to create their own brands. Today, Kyiv, Lviv, Vinnytsia, Ivano-Frankivsk, Sumy, and others have their own brands in Ukraine. However, the level of public confidence in economic efficiency and the need for such an approach is quite low because among the successful cases of brand implementation in the country can be clearly called only - Lviv. While the brand of the city of Sumy created in 2019 was perceived quite ambiguously by both the community and the media community. Therefore, the question arises of identifying determinants that directly impact the formation of perception and trust in the brand. Thus, a number of existing methods of assessing the effectiveness of the brand contain elements in the structure related to its perception. But for the most part, the ratings of local and national brands focus on the perception of external stakeholders, while the issue of taking into account internal satisfaction is almost unexplored. Thus, the article attempts to analyze the correlations between perception, trust in the local brand and subjective assessment based on gender, age and educational distribution of internal stakeholders in the community. The analysis was based on the dynamics of the cities of London and Paris in the Anholt-Ipsos Brand Index in 2017-2020.

Exploring recommendations for circular supply chain management through interactive visualisation

The new era of circular supply chain management (CSCM) produces a new complex decision area for process managers. Part of it can be attributed to green procurement, in which a large number of potential ideas need to be reviewed that can sustain business. Such a large amount of data can quickly lead to information overload, especially without the presence of appropriate decision support tools. While there exists a range of visualisation methods that can aid the exploration of recommendations, there is a lack of studies that illustrate how these exploration techniques can facilitate the identification of CSCM activities. This paper showcases a study on how to ease the identification of new sustainable business opportunities through visual data exploration. Following the design science methodology, we have designed and evaluated a recommender system prototype (the IS Identification App) that supports sector-based identification of industrial symbiosis. The interactive visualisation enhances users with more control over recommendations and makes the recommendation process more transparent. Our case study results indicate that the interactive visualisation technique is a viable, fast and effective approach for exploring recommendations that increase the sustainability of the supply chain.

Development of Student Entrepreneurship Skills in LKP Kresna Informatika

The purpose of this study is 1) Describe the ideal and feasible model of the allocation of an entrepreneurship education curriculum for learners at a course institution. 2) Describe an ideal and feasible model of an entrepreneurship education learning strategy for learners in a course institution. Qualitative research is also called naturalistic research. Subjects in this study are students and alumi in course programs organized by LKP Kresna Informatika such as English courses courses, computer and office accounting. Data collection techniques in the context of this study have a significant role considering the quality of various types of data obtained at each stage of module development. Observation and documentation, interviews and tests are the data collection techniques used in this research before it will be analyzed. Stages of data analysis pursued after the need for data both secondary and primary when it has been fulfilled which includes; (1) data reduction, (2) display data, and (3) conclusion drawing/verification. The results in the study conclude that to establish entrepreneurial attitude in the courses and training programs conducted by LKP Kresna Informatika include; 1) The prerequisite of one's attitude input and one's entrepreneurial nature in LKP Kresna Informatika includes; discipline, high commitment, honest, reative and Innovative. 2) Design learning strategies in growing and developing entrepreneurship skills of learners in LKP Kresna Informatika through a special approach that is called 4 in 1 or with four stages. 3) Implementation of learning strategies in growing and developing entrepreneurship skills of learners in LKP Kresna Informatika; Identification of Business Opportunities, entrepreneurship learning based on the development of attitudes, knowledge and entrepreneurship skills, Evaluation of Learning Outcomes and Business Assistance and Pioneering.

Identifying business opportunities for sustainable development: Longitudinal and experimental evidence contributing to the field of sustainable entrepreneurship

AbstractWhich factors facilitate the identification of business opportunities for sustainable development? To answer this question, we develop a process model of sustainable opportunity identification. We argue that sustainable opportunity identification is a process with transitions from problem to solution identification and from solution to sustainable opportunity identification. Moreover, the transitions are facilitated by two factors—awareness of adverse consequences and entrepreneurial attitude—providing motivation and direction in the process. We tested our model in a field study (N = 107) and two experiments (N = 53 andN = 69). Our findings show that awareness of adverse consequences and entrepreneurial attitude influence the process of sustainable opportunity identification, explaining under which conditions people are more likely to identify business opportunities for sustainable development. Our study thus contributes to the field of sustainable entrepreneurship.

Influência da Educação Empreendedora na Identificação de Oportunidades de Negócios

A literatura destaca que a motivação do empreendedorismo pela identificação de uma oportunidade pode contribuir para o crescimento econômico de um país, ao contrário da motivação por necessidade, que não apresenta esse potencial. O artigo analisa a influência da educação empreendedora na identificação de oportunidades de negócios. Argumenta-se que a educação empreendedora pode contribuir para o aumento da capacitação e fornecimento de melhores competências e habilidades comportamentais, que podem influenciar indivíduos na identificação de oportunidades de negócios. Utiliza-se abordagem quantitativa, operacionalizada por meio da técnica de regressão, considerando dados em painel, controlando os efeitos fixos, em uma série de 16 anos (2002-2017) com 23 países. Os dados foram obtidos junto às bases: Global Entrepreneurship Monitor, Banco Mundial e Organização das Nações Unidas. Os resultados mostram que a educação empreendedora no nível básico está associada positivamente com a identificação de oportunidades de negócios, ao contrário da educação empreendedora no nível superior. Isso demonstra a relevância de investimentos na transmissão de valores do empreendedorismo desde os níveis iniciais do ensino, nos quais seja possível difundir habilidades e cultura empreendedora.

Comparative Approaches for Spurring Innovative Opportunities in Base-Of-The-Pyramid Markets

Despite intense efforts by development organizations to generate entrepreneurial growth in base-of-the pyramid (BOP) markets over the past several decades, the result has been largely a proliferation of ventures that simply imitate existing business. To achieve a more sustainable and transformative level of development, local entrepreneurs must hone the ability to identify new and more innovative business opportunities. While current theory offers two competing descriptions of how entrepreneurs come to identify new business opportunities – using an ‘ends- focused’ approach vs. a ‘means-focused’ approach – there is no prescription offered as to which would be more likely to lead to the identification of more novel opportunities within impoverished contexts. In an effort to contribute meaningfully to both academic and practical discussions, we employed a quasi-experimental field study involving 147 entrepreneurs in rural Ethiopia. Participants were randomly assigned to receive either an ‘ends-focused’ or ‘means-focused’ 5-hour training session, and subsequently asked to identify as many new business opportunities as possible. Our results suggest that ‘means-focused’ trainings may lead to the identification of more novel business opportunities within impoverished contexts. However, we also find that the extent to which ‘means-focused’ training is more efficacious is dependent on the entrepreneur’s level of exposure to other markets.

On the implementation of a circular economy: The role of institutional capacity-building through industrial symbiosis

This paper explores the role of institutional capacity-building through industrial symbiosis in the development of a circular economy. Actors directly or indirectly involved within the National Industrial Symbiosis Programme (NISP) in the UK, including companies, government agencies, industrial symbiosis promoters, academia, the media and NGOs, were interviewed. Content analysis was used to make inferences from the interviews. Our results indicate that institutional capacity is created through interactions between a favorable institutional field and the identification of business opportunities by actors. It was found that NISP increased its institutional capacity to develop industrial symbiosis by increasing knowledge and relational resources and by promoting its capacity for mobilization. We identified the forces that are driving the shift from the current and traditional linear material and energy flows to a circular economy. Overall the study indicates that the UK government is playing a vital role in building and maintaining an industrial symbiosis coordination network, but that ultimately other actors and driving forces will be necessary if the cyclical flow of materials and energy and systemic thinking are to be achieved.

Pathways to Entrepreneurship Training Towards Addressing Youth Unemployment in Nigeria

The inadequacy of entrepreneurial knowledge among 21-25-year-olds in Nigeria with recent undergraduate degrees has led to youth unemployment after graduating from universities. The development of entrepreneurship skills through entrepreneurship education programs for the students in tertiary institutions in Nigeria may bridge the unemployment gap. Guided by the theory of planned behavior, the purpose of this exploratory multiple case study was to gain a robust common understanding of how undergraduates from 21-25 years old can obtain the entrepreneurial knowledge required for self-employment in Nigeria. Data collection involved semi-structured interviews, field notes, and archived training documents, with a purposeful sample of 15 undergraduate degree holders over 21 years old, who had been self-employed, in different industries, and possessed entrepreneurial knowledge and experiences. Using Yin’s 5 step data analysis process, member checking, and triangulation resulted in the emergence of codes, themes, and categories. The key themes were knowledge of business management, identification of business opportunities, information from workshops and seminars, information from social media and customer service, information on innovation, and mentor and mentee relationship. The findings from this study provide the empirical evidence needed to support entrepreneurship education as well as insight on tertiary institutions’ commitment to entrepreneurship education that may lead to the creation of employment and empowers entrepreneurs towards national growth and development. The implications for positive social change include reshaping the way undergraduates prepare for self-employment, leading to a reduction of unemployment among youths in Nigeria.

GTTracker: Location-aware hierarchical model for identifying M-commerce business opportunities

The increased adoption of electronic commerce for selling products and services creates a new channel between consumers and vendors. Commonly, e-commerce platforms are assembled as proprietary and centralized solutions. This method has a high financial cost and slows the entry of both middle and small-sized companies into this communication channel. In this context, this article proposes GTTracker - a hierarchically distributed mobile commerce model for publishing offer and demand requests, which allows the identification of business opportunities based on a user’s location. This model organizes the collection of servers in geographic regions following an extensible approach, where new subregions can be mapped in real time in accordance with the load of requests over a specific region. So, the combination of extensibility, plugin-based matching mechanism, loosely-coupled and location-aware infrastructure and, low cost keywords represents the GTTracker’s contribution. The experiments demonstrated which strategies reduce the resource consumption in the system. Furthermore, the evaluation showed that managers could deploy this application gradually, initially using a low-cost platform. Thus, GTTracker provides infrastructure support and a feasible communication channel for users seeking to buy or sell products efficiently at any time and place.