Improve Business Performance Research Articles

The Effect of Business Capital and Product Innovation on Business Performance in Human Resource Management

Business capital and product innovation are key factors influencing business performance, especially within the scope of human resource management. However, businesses often face challenges in optimizing both simultaneously. This study aims to analyze the effect of business capital and product innovation on business performance through human resource management approaches. The study employs a quantitative method with an explanatory research design. Data were collected from 69 small and medium-sized enterprises (SMEs) in Indonesia using structured questionnaires. Data analysis was conducted using Partial Least Squares-Structural Equation Modeling (PLS-SEM). Business capital and product innovation significantly influence business performance. Business capital also strongly correlates with product innovation as a mediator. Product innovation improves business performance by 39.5%, while business capital enhances product innovation by 71%, highlighting the importance of business capital in supporting innovation. Business capital is not only a primary resource but also a driver of innovation, directly impacting business performance. Optimizing business capital and product innovation is crucial in managing human resources effectively.

Entrepreneurship Orientation and Business Strategy On Business Performance; Study At Cafe Coffe Shop In Kendari ".

This study purpose was to measure and analyzing effect of Entrepreneurship Orientation, Business Strategy on Business Performance at Cafe Coffe Shop in Kendari. Research objects are Cafe Coffe Shop in Kendari. This study uses primary data. Total population is 110 Cafe Coffe Shop. Sampling technique is census method. Data analysis is Multiple Regression Analysis. Research results show that: Orientation Entrepreneurship and business strategy and business performance can affect business performance. Orientation Entrepreneurship can affect business performan, strategies can improve business performance.

Entrepreneurship orientation and performance of small and medium sizes enterprises in bamenda III

Economic growth is mostly dependent on small and medium-sized businesses (SMEs), especially in Bamenda III and similar districts. Examining how an entrepreneurial mindset affects the success of small and medium-sized enterprises (SMEs) in Bamenda III was the primary goal of this research. The study implemented a structured questionnaire and analyzed based on both descriptive and inferential statistics. Results from the ordinary least squares revealed that proactiveness behavior exerted a positive significant effect on SMEs_Performance in Bamenda III. Similarly, risk taking had a coefficient of 0.788, indicating a positive relationship with SMEs_Performance. Competitive aggressiveness had a positive coefficient indicating a positive association with SMEs_Performance, although it was not statistically significant at the conventional significance level. Innovativeness behavior had a positive statistically significant effect on SMEs_Performance. From a policy perspective, enhancing the entrepreneurial skills and mindset of SME owners and employees can foster a greater entrepreneurial orientation, leading to improved business performance.

Business Performance Model: The Role of Management Abilities and Entrepreneurial Character in Penta helix Coaching Collaboration

This research aims to reveal the impact of the Penta-Helix collaborative business coaching process on entrepreneurial character, management abilities, and business performance. The study used a quantitative approach. The population in this study was 250 active members of the Tangerang MSME community. The research sample was 150 MSMEs. Data was processed using SEM PLS software. The results indicate that coaching improves entrepreneurial character and management abilities but does not directly enhance business performance. This research proves that entrepreneurial character and Management Capability mediate the influence of coaching on business performance. This research provides theoretical implications for developing corporate resource-based strategic management theory, where external parties must mobilize company resources, which are the primary key to achieving business performance. The practical implications of the findings include how they can guide MSME coaching programs. Further research should explore whether collaborative business coaching can directly improve business performance.

Impact of Working Capital Management on Profitability of Bottler’s Nepal (Terai) Limited

Working capital management (WCM) is a key part of figuring out how profitable a business is because it makes sure that present assets and expenses are used efficiently. Effective WCM is important for Bottler's Nepal Terai Limited to keep their cash on hand, make the best use of their goods, and keep track of their receivables and payables. All of these things have a direct effect on their business efficiency and profit margins. How well a company balances its working capital has a big impact on its profitability, which is a key measure of its financial health. The point of this study is to look into how WCM affects earnings at Bottler's Nepal Terai Limited. This will help us understand how good financial management can improve business performance. Nine (9) years of data (from 2015 to 2023) were used for this study. They looked at data from BOTTLER'S NEPAL (TERAI) LIMITED. The data came from yearly reports and was studied with statistical tools like mean, descriptive statistics, Pearson correlation, regression analysis, multicollinearity, and F-test. SPSS 21.0 versions were used to compute and handle all of the data that was gathered. Cash conversion period (CCP), Inventor Conversion period (ICP), Receivable conversion period (RCP), and Payable delayed period (PDP) are the independent factors that make up working capital. Return on assets (ROA) is the dependent variable. The number of R-square is 0.166, which can be seen in the model report. In other words, the four independent factors can explain around 16.6% of the changes in the dependent variable. But these independent factors still can't explain 83.4% of the changes that were looked at in this study. It seems that there is a strong connection between revenue (ROA) and PDP. On the other hand, it is clear that revenue and ICP, RCP, and CCP are not significantly linked.

The Social Media and CSR Effects on Loyalty Towards Banking Services

This study explores the impact of Corporate Social Responsibility (CSR) communication via social media on shaping customer perceptions of bank reputation. By using a questionnaire to collect data from bank customers, this research develops a theoretical model to test the proposed hypotheses. A quantitative approach, with data analysis conducted using SPSS and AMOS software, will be employed to evaluate the relationships between CSR communication and customer perceptions of bank reputation. This research aims to provide valuable insights for the banking sector, particularly in emerging markets, highlighting the importance of CSR communication through social media in enhancing customer perceptions and strengthening brand reputation. The findings will assist bank managers in crafting more effective CSR strategies, fostering stronger customer loyalty, and ultimately improving business performance in an increasingly competitive and digital landscape.

Analysis of Sustainable Growth Rate in Manufacturing and Construction Firms: Evidence from Selected Western Balkan Countries

This research’s primary goal is to examine the factors influencing organizations’ sustainable growth rates (SGR) between 2013 and 2022. A panel regression analysis was done to extensively assess the variables linked with SGR. The study included data from 92 manufacturing and construction companies in selected Western Balkan countries, resulting in a dataset of 1,012 observations. According to the study, asset efficiency and sales growth have a positive and significant impact, while leverage negatively impacts the SGR. These results are important to companies because they provide useful insights that can help them achieve their planned SGR. Management can make informed decisions to improve business performance by better understanding the impact of factors such as asset efficiency, leverage ratio, and sales growth on SGR. This informed decision-making not only ensures a healthy growth path but also helps avoid major financial problems. The study underlines that the findings serve as a significant tool for business management in long-term planning and strategy formulation. By providing insight into the company’s growth goals and prospects, this congruence also benefits numerous internal and external stakeholders. Additionally, it makes it possible to examine the company’s overall business situation more precisely and helps forecast its long-term performance.

Sales strategies with a probabilistic business model of an insurance company: The role of updating and targeting

The major goal of decisions made by a business organization is to enhance business performance. These days, owners, managers and other stakeholders are seeking for opportunities of modelling and automating decisions by analysing the most recent data with the help of artificial intelligence (AI). This study outlines a simple theoretical model framework using internal and external information on current and potential clients and performing calculations followed by immediate updating of contracting probabilities after each sales attempt. This can help increase sales efficiency, revenues, and profits in an easily programmable way and serve as a basis for focusing on the most promising deals customising personal offers of best-selling products for each potential client. The search for new customers is supported by the continuous and systematic collection and analysis of external and internal statistical data, organising them into a unified database, and using a decision support model based on it. As an illustration, the paper presents a fictitious model setup and simulations for an insurance company considering different regions, age groups and genders of clients when analysing probabilities of contracting, average sales and profits per contract. The elements of the model, however, can be generalised or adjusted to any sector. Results show that dynamic targeting strategies based on model calculations and most current information outperform static or non-targeted actions. The process from data to decision-making to improve business performance and the decision itself can be easily algorithmised. The feedback of the results into the model carries the potential for automated self-learning and self-correction. The proposed framework can serve as a basis for a self-sustaining artificial business intelligence system.

Improving business performance: Role of Information Communication Technology (ICT) in SMTEs

In light of the globalisation of businesses and the competitive expansion drive, the use of Information Communication Technology (ICT) has become essential. The purpose of this study was to explore how ICT could improve business performance in the context of small and medium-sized tourism enterprises in the Great Kei Municipality. Descriptive and qualitative research approach was employed in this study. A survey questionnaire was used as the main tool for data collection. The findings elucidate that 94.9% of small and medium-sized tourism enterprises (SMTEs) concur that the use of ICT as a tool helps to achieve company goals. The findings further indicate that 46.2% of companies surveyed operate accommodation facilities. The study’s conclusions highlight that 25.6% of entrepreneurs indicated that expensive ICTs appear to be a barrier, while 23.1% reported that access to technology was a barrier. It is recommended that small and medium-sized tourism enterprises utilise ICT as a tool to enhance business performance. In addition, the study suggests that managers and owners make technological investments to ensure the overall success of SMTEs. Moreover, the study provides a foundation for further research.

Determinants of Social Media Adoption by Millennial Farmers to Improve Business Performance: Perspectives from the Technology-Organization-Environment (TOE) Framework

To attract millennials to the agricultural sector, it is necessary to modernize agriculture using social media. Social media plays an important role as a marketing tool for farmers. The utilization of social media platforms can assist farmers in enhancing the effectiveness of their agricultural product marketing efforts, with the objective of increasing their income. This study aimed to determine the effect of social media adoption on the business performance of millennial farmers in Central Java using the technology-organization-environment (TOE) framework. The method used in this study was a quantitative descriptive approach with data collected from 120 millennial farmers located in 10 districts in Central Java. The data analysis method was carried out using SEM-PLS with the SmartPLS 3.0 application. The results of the analysis showed that business performance was influenced by social media adoption, and millennial farmers’ business turnover increased by 25% after using social media. Technological factors and organizational factors had a significant effect on social media adoption, while environmental factors were not significant. This study provided information on the factors that influence the business performance of millennial farmers in Central Java Province, which can help farmers in developing strategies to improve business performance and assist the government in developing programs to attract the millennial generation to the agricultural sector.

Analisis Inovasi Produk, Orientasi Pasar dan Strategi Bersaing dalam Meningkatkan Kinerja Bisnis Coffee Shop Survei pada Coffee Shop di Kota Sukabumi

The growth of Coffee shops in Sukabumi City can be said to be high for a small city, there are already 54 Coffee shops which previously only had 37 Coffee shops. This indicates the high growth of Coffee shops in Sukabumi City. However, it also indicates the tight competition of Coffee shops in Sukabumi City. This researcher aims to determine how much influence product innovation, market orientation and competitive strategy have in improving business performance in coffee shops. This researcher uses descriptive and associative methods with a quantitative approach. The population in this study was coffee shops in Sukabumi City as many as 54 coffee shops. The data analysis techniques used in this study are the classical assumption test, multiple correlation coefficient, determination coefficient, multiple linear regression, and simultaneous hypothesis testing (F Test) and partially (T Test). The results of this study indicate that product innovation, market orientation and competitive strategy have a significant effect on business performance, this is evidenced by the calculated F 80.307> F table 2.790 which means the calculated F value is greater than the F table. Partially, product innovation has a significant effect on business performance, this is evidenced by the T count of 8.485> T table 1.674, which means that T count is greater than T table. Market orientation has a significant effect on business performance, this is evidenced by the T count of 2.604> T table 1.674, which means that T count is greater than T table. Then the competitive strategy does not have a significant effect, this is evidenced by the T count of 0.220> T table 1.674, which means that T count is smaller than T table with an error level of 0.05.

Impact of digital marketing, fintech, and Islamic branding on MSME performance with innovation moderation

Objective – This study aims to analyze the influence of digital marketing, financial technology, and Islamic branching on the performance of Micro, Small Medium Enterprise (MSMEs) in Salatiga City and to test the moderating role of Product Innovation in this relationship.Methodology – This study employed a quantitative approach using a survey method. Data were collected using questionnaires distributed to 100 MSME owners in Salatiga. To analyze the data, multiple regression analysis was applied to test the effects of digital marketing, financial technology, and Islamic branding on MSME performance and to examine the moderating role of product innovation. Statistical tests, such as the F-test and t-test, were used to evaluate the significance of the model and individual variables, respectively, ensuring the robustness of the findings.Findings – The results show that financial technology and Islamic brands have a significant influence on MSME performance. By contrast, digital marketing does not have a significant influence. In addition, Product Innovation does not moderate the relationship between digital marketing, financial technology, and Islamic brands and MSME performance.Implications – These findings provide insights for MSMEs and policymakers regarding the importance of optimizing the use of financial technology and strengthening Islamic branding to improve business performance. However, product innovation must be managed more strategically to have a stronger impact on MSME performance.Originality – This study makes a novel contribution by exploring the moderating role of product innovation in the relationship between modern business strategies and MSME performance in Salatiga and highlighting the local context relevant to the cultural and economic diversity in this city.

Study Protocol of the HERLIFE Study Based on CHERRIES: Study of Health, Employment, Resilience, and the Life of Females.

Women's health issues, including menstruation, childbirth, and menopause, significantly impact work performance and career progression, and pose physical and mental burdens on women. Despite their importance, research on how these events and conditions affect women's quality of life and health in the workplace is limited. This study explores the relationship between living environment, health status, work factors, and the health and work performance of working women. It focuses on menstruation-associated symptoms (dysmenorrhea, PMS) and menopausal symptoms and their impact on working QOL and health. A cross-sectional study was conducted on the Internet from June 6 to 12, 2024 among working women in Japan aged 20-60. The sample came from a closed survey of panel monitors from a company commissioned to conduct the survey. Screening included gender, age, hours worked, place of residence, and type of work, with participants being women aged 20-60 and working at least 30 hours per week. Of 31,965 participants, 4,245 were excluded for reasons such as short response time, marital status inconsistencies, childcare inconsistencies, undergoing infertility treatment at age 55 or older, and incorrect responses, resulting in 27,720 participants. The survey consisted of 139 questions and was conducted on a relatively homogeneous sample across all strata. Understanding the impact of menstruation-related symptoms on labor productivity and enhancing knowledge of women's health can lead to a better healthcare system and improved business performance. This study aimed to generate evidence to support these goals.

Impact of Market and Entrepreneurial Orientation on Batik MSMEs’ Performance in Yogyakarta

Research Aims: In an organization, there are several factors that can affect business performance, including orientation, entrepreneurial orientation, utilization of social media and marketing capability. Based on the urgency above, this study focuses on exploring indicators that can effectively affect business performance and continuity in the current technological era in batik MSMEs. The purpose of this study is to provide an overview of the influence of antecedents on MSME performance so as to provide an overview of indicators that can effectively improve the performance of batik MSMEs in Yogyakarta. Design/methodology/approach: This research design uses a quantitative research method with an associative problem formulation. The type of research used is explanatory research. The number of respondent samples was 250 leaders or people in charge of various batik craft UMKM in Region of Yogyakarta Province. Data collection through the distribution of questionnaires with a face-to-face method between respondents and researchers. The analysis of this study uses the Structural Equation Modeling (SEM) method using AMOS. Research Findings: The results of this study are that market orientation, entrepreneurial Orientation, and use of social media have an effect on the marketing capability and business performance of Batik MSMEs in Yogyakarta. Theoretical Contribution/Originality: This study provides an overview of the importance of market orientation and entrepreneurial Orientation for improving a company's business performance. The novelty of this study's results is that it shows that the use of social media and marketing capability are also indicators that play a role in improving business performance.

PERAN TEKNOLOGI TEPAT GUNA DALAM PENINGKATAN PRODUKTIVITAS DAN KEBERLANJUTAN USAHA BAGI KELOMPOK UMK KERIPIK TUMBASO DI PROBOLINGGO

The problem that is often experienced by production partners is that the process of frying chips still uses conventional methods, namely using a frying pan in general, so that in terms of quality it is constrained by production capacity, and in terms of quality the production results contain too much oil which causes bananas to become soft easily, apart from that. The use of appropriate technology in the form of a frying machine (Vacuum Frying) and an oil draining machine (Spinner) is a solution as an effort to increase efficiency and productivity as well as sustainable business at Tuimbaso MSEs in Lambangkuning village, Lumbang district, Probolinggo. PkM activities aim to increase the efficiency and sustainability of the chips business. The strategy used is apart from designing and making frying machine technology, it also provides training and assistance in marketing management and financial management, so that it is hoped that partners will be able to improve human resources and have a positive impact related to improving business performance in a sustainable manner in and supporting the economy, especially local wisdom. The results or influences felt by partners in this program include partners being able to innovate or develop their production results through product diversification, and being able to expand the market through marker places such as Shopee, Tokopedia and so on. Keywords; TTG; Produktivity; Innovation; Sustainabilty; Business

DEVELOPMENT OF AN ANDROID-BASED BICYCLE AND SPARE PARTS SALES APPLICATION AT THE ADAN ADEN BICYCLE SHOP

In today's digital era, the existence of Android-based mobile applications has become an integral part of daily life, especially in the context of business and marketing. This research focuses on the development of a spare parts and bicycle sales application implemented at the Adan Aden Bicycle Shop in Cianjur, West Java. The main purpose of this application is to facilitate the online sales and promotion process, expand market reach, and improve the efficiency and effectiveness of business transactions. The application developed consists of two main parts: the My ADD Bike application for customers and the ADD Bike application for store admins or employees. These two apps are connected through Google Firebase's data storage admin server. The methodology used in the development of this application is Extreme Programming, with Kotlin and XML as the programming languages. Application testing is conducted using the blackbox method to ensure all system functionality is running properly.The results of this study show that Android-based sales applications can be an effective solution to improve business performance in the retail sector, especially in bicycle and spare parts sales. With this application, Adan Aden Bicycle Shop can promote and sell not only directly through physical stores and social media, but also through a wider digital platform.

DEVELOPMENT OF AN ANDROID-BASED BICYCLE AND SPARE PARTS SALES APPLICATION AT THE ADAN ADEN BICYCLE SHOP

In today's digital era, the existence of Android-based mobile applications has become an integral part of daily life, especially in the context of business and marketing. This research focuses on the development of a spare parts and bicycle sales application implemented at the Adan Aden Bicycle Shop in Cianjur, West Java. The main purpose of this application is to facilitate the online sales and promotion process, expand market reach, and improve the efficiency and effectiveness of business transactions. The application developed consists of two main parts: the My ADD Bike application for customers and the ADD Bike application for store admins or employees. These two apps are connected through Google Firebase's data storage admin server. The methodology used in the development of this application is Extreme Programming, with Kotlin and XML as the programming languages. Application testing is conducted using the blackbox method to ensure all system functionality is running properly.The results of this study show that Android-based sales applications can be an effective solution to improve business performance in the retail sector, especially in bicycle and spare parts sales. With this application, Adan Aden Bicycle Shop can promote and sell not only directly through physical stores and social media, but also through a wider digital platform.

THE STRATEGIC ROLE OF INTELLECTUAL CAPITAL AND FINANCIAL TECHNOLOGY IN IMPROVING MSME PERFORMANCE IN BANYUMAS REGENCY

The existence of Micro, Small and Medium Enterprises (MSMEs) plays a significant role in contributing to the growth of the Indonesian economy. MSMEs are required to optimize their resources, especially non-physical resources, and utilize existing financial technology (Fintech) in order to be able to compete and develop at all times. Intellectual capital is increasingly recognized as a strategic asset that is considered important for sustainable profits. Business support by utilizing financial technology will improve business performance. The goal of this research is to investigate the impact of intellectual capital and financial technology components on the performance of MSMEs. The resulting sample was 66 respondents who were MSME business actors. The method used was Multiple Regression analysis. The results of the study found that customer capital and structural capital, which are elements of intellectual capital, affect MSME performance, while human capital, social capital, spiritual capital and financial technology do not affect MSME performance. Thus, the elements of intellectual capital owned by MSMEs need to be utilized optimally to achieve competitive advantage and maintain business existence.

The Effect of External and Internal Factors on Financial Management of Salt Business Actors

The salt industry is one of the important sectors that contribute to the regional economy in Indonesia, where business actors in the salt industry face intense competition, so effective financial planning is crucial to survive and thrive. Good financial management can increase competitiveness and minimize financial risk. However, many business actors do not yet understand the importance of responsible financial management. This study aims to analyze the influence of external factors, such as climate change, government policies and competition in the industry, as well as internal factors, such as financial planning and sources of financing or funding, on the financial management of salt business actors in Pamekasan. Despite having great potential, business actors often face challenges from external factors, such as unpredictable weather and competition in the salt industry. The results of the study are expected to provide insight for business actors in optimizing financial management to improve business performance and contribution to national income.

Evaluation of impact of lean management practices on dairy business performance

Purpose This research was initiated by motivation from a real business problem that delves into lean management practices in dairy farm operations. It investigates how lean management practices can be applied as an improvement strategy in the dairy business to evaluate its impact on performance, where profitability is a decisive factor. Design/methodology/approach Based on the qualitative design, a 5-phase action research methodology was used in this study, where multiple data collection sources were used, including focus group discussions, on-site observation or Gemba walks and process mapping. The impact is evaluated by comparing the key performance measures with the same period before and after research. Findings The research revealed that lean management practices can significantly improve dairy business performance. It explained vital aspects of lean management practices and their sequence with examples of first-hand applications. It explained, how lean management practices were applied in dairy farm operations. Furthermore, the research resulted in significant benefits, in terms of quality, cost and profitability. Practical implications This research was conducted in a real business setting in the field environment, to improve dairy business performance. It was a distinctive application of lean management practices to solve a national problem. This could be used as a road map to bring continuous improvement at the national level to improve the performance of food value chains. Originality/value This research is unique because it addresses the methodological, population and empirical gaps in dairy farm operations. It adds value to the existing knowledge base by sharing best practices, developed and implemented for the first time to the best of our knowledge, like high-level process mapping and performance measures at different levels. Furthermore, the solutions can be simulated in related farm operations to bring breakthrough improvements in dairy business performance.