Large Business Research Articles

Training need assessment of women members in selected farmer producer organizations (FPOs) of Karnataka

Agriculture sector provides gainful employment and livelihood for majority of the population and contributes significantly to the national income and in India it accounts for 17.60 per cent of it’s Gross Domestic Product (GDP). Indian agricultural sector facing several challenges like small and fragmented land-holdings, climate change, diversification due to rapid urbanization, inadequate market and storage facilities, unorganized sector, lack of credit facilities and low knowledge on supply chain management and business plans. Hence the study was conducted in Karnataka during the year of 2022- 23. Study was carried out in three Farmer Producer Organizations (FPOs) from Karnataka have been selected. A total of 90 women members constitute the sample size. Data was collected through interview schedule and analyzed through mean scores and index percentage. Study concludes that, highest index score 81.11 was observed for training on skills for marketing of products at large scale and business skills and ranked I. Whereas, highest index score in personal constraint, expressed by majority of the women members was, they were unable to manage time between household work and FPO work with index score of (86.66) and it ranked I. With regard to marketing majority expressed that, price fluctuation every year and distress sale as a constraint with index score 81.11 and ranked I. Great majority (93.33) of FPO members expressed that, high initial share capital/membership charge in FPOs as a constraint and ranked I in administration. With respect to services and benefits more than half (56.66) of the respondents expressed that, non- availability of custom hiring services at FPO as a constrain and ranked I. Study results also indicated that great majority (93.33) of FPO members suggested that, they want proper guidance towards packaging, grading, branding, processing and marketing especially for value added products should be given by FPOs for better participation.

FINANCIAL PLANNING AND DECISION MAKING AS PREDICTORS OF FINANCIAL PERFORMANCE IN MSMES

Purpose: the present study demonstrates that the combination of financial planning and decision making jointly contribute as predictors of efficient financial performance, permeating into MSMEs’ market sustainability. Theoretical Framework: Micro, small and medium enterprises (MSMEs) currently have a relevant role in gross domestic product and direct job creation in Latin American countries. The literature shows that financial planning is a highly valuable tool for large businesses, facilitating decision making and creating positive impacts on financial performance. However, these studies are centered on businesses classified as large, excluding MSMEs. Recent studies have approached financial planning, decision making, and financial performance in MSMEs on an individualized basis. Methodology: The study carried out was quantitative, non-experimental, correlation, cross-sectional, and explanatory. A total of 308 MSMEs participated, obtained from the National Geography and Statistics Institute (INEGI, 2019), of which 34.41% were industrial, 32.14% commercial, and 33.41% from the service sector. Normal distribution tests were done (Kolmogorov-Smirnov tests), along with symmetry and kurtosis. Findings: The findings suggest that MSMEs which have been around for seven years or more have financial planning knowledge favoring their decision-making and generating efficient financial performance, making time a determining factor. Research, Practical & Social Implications: Our findings have significant implications for generating proper planning based on solid tools, with the effect of assertive decision making which favors financial performance. Originality/Value: The most important contribution from this study to MSMEs is to show that financial planning is not only for large organizations, but can apply to them as well.

The Transformative Role of Fintech in Modern Business Organizations: A Comprehensive Analysis

The power of Fintech has been growing rapidly, and it has become a world of choice for small,medium-sized and large enterprises.Fintech enterprises facilitate consumers' access to an extensive array of financial alternatives, such as business loans via digital platforms.The adoption of Fintech among SMEs is 25% globally, leaving plenty of room for growth.Small businesses may now handle their finances more easily and affordably thanks to fintech developments, which frequently provide more cheap alternatives to traditional banking services. Small businesses can leverage financial technology to enhance customer service, reduce costs, and streamline operations with the help of fintech..The impact of Fintech on small and large businesses is significant and multi-faceted.Fintech has completely changed how companies handle their money, carry out financial transactions, and obtain capital (Bulkhairova et al., 2023). It has provided small businesses with access to affordable and convenient financial services,leveling the playing field with larger companies. Furthermore, Fintech has streamlined and automated various financial processes, saving businesses time and resources. Additionally, Fintech has facilitated the development of innovative business models and the emergence of new industries. It has fostered financial inclusion by reaching underserved populations and facilitating access to banking services. Overall, Fintech has proven to be a transformative force for businesses of all sizes, offering a wide range of benefits and opportunities. Fintech is of utmost importance for both small and large scale businesses. In recent years, thanks to technological innovations , Fintech's interaction with finance is quickly altering how traditional financial services are offered, significantly impacting banks activities . Furthermore, Fintech is increasingly impacting the real economy,stimulating the modernization of financial business . It is clear that Fintech plays a crucial role in the growth and success of both small and large scale businesses. Not only does Fintech provide small and large businesses with access to affordable and convenient financial services, it also streamlines financial processes, saves time and resources, fosters innovation, and promotes financial inclusion (Sembiring et al., 2022). Keywords :fintech; small-scale businesses; large-scale businesses; financial technology; traditional financial services;banks' activities; disruptive force; alternative source of credit

Konsolidatsiia zemel: pozytyvni i superechlyvi momenty zakonoproiektuvannia

Purpose. The purpose of this article is to study the regulatory and practical aspects of improving the processes of exploiting agricultural lands in Ukraine. The article analyses the law draft «On amendments to certain legislative acts of Ukraine on supporting agriculture by land consolidation» (hereafter — Law draft) and assesses the degree of potential effectiveness of its regulations. Research methods. To set and achieve the goals of the article the authors applied known methods of scientific cognition. The most effective ones included the method of analysis, comparison, abstraction, historical and legal method, system and structural method, method of prediction, and others. Results. The scientific novelty of the research is revealed in modelling the relations between the participants of the procedure of agricultural land consolidation after the Law draft approval, providing assessment, as well as identifying the degree of the potential effectiveness of its regulations. Among other issues, the analysis of the regulatory and practical aspects of improving the processes of agricultural land use, enshrined in the Law draft provides the conclusion that, if adopted, the Law draft will help reduce problems in the Ukrainian agricultural economy, particularly those caused by strip farming, remote land, suboptimal resource utilization, etc. Although there are controversial points in the Law draft, they do not hinder the opportunity to validate the analysed standards. Rather, they highlight the need to combat negative manifestations, particularly corruption. The research findings reveal that adoption of the Law draft will stimulate the consolidation of agricultural producers and the development of large businesses in the agro-industrial complex of Ukraine, which could have both positive and negative effects. To strengthen the positive effects and weaken the negative ones, effective state regulation of agricultural production is necessary. In conclusion, the Law draft regulations show potential effectiveness in achieving the goals and expected results of the Law. However, the suggestions and proposals made during the Law discussion stage and in the article should be considered to ensure its effective implementation.

Evaluation of the Effect of 2022 Flooding on Business Activities in Lokoja Metropolis

Flooding has become a global issue and its effect varies with the level of flooding at a given period. In the wake of urban floods, public and commercial institutions are currently finding it difficult to develop and assess risk management and adjustment methods that include land use planning and urbanization patterns in addition to systems for flood prevention and early notifications. Flooding is one of the negative effects of global warming and most countries in the world are making effort to reduce its associated effects. This study examined the effect of 2022 flooding on business activities in Lokoja Metropolis. The study used a survey research design and a Taro Yamani sample size selection method to select 400 respondents. Questionnaire was administered to the respondents based on simple random selection and the data was analysed using Analysis of Variance (ANOVA) regression. The findings show that 2022 flooding exerts negative and statistically significant effect on business activities. there was low business patronage and high cost of goods during the flood period. Also, the findings show that small businesses were mostly affected during the flood period than large businesses. The study therefore recommends dredging of the River Niger and River Benue to increase water holding capacity. Also, there should be enactment of laws against building or citing of businesses along flood route to reduce the level of damages during flooding

Monitoring Transformation Processes in the Economy Using the Example of the IT Industry

The purpose of the research is to develop and test a methodology for monitoring transformation processes in the economy that intensified after the introduction of sanctions by Western countries (on the example of the IT-industry). The methodology is based on the Harvard paradigm of industry analysis (Structure- Conduct- Performance) and includes five stages. At the first, the basic conditions of the industry are assessed and the demographics of enterprises, industry barriers, intensity of competition and economies of scale are analyzed. The second analyzes the market structure that has developed in the industry and the intensity of competition using the concentration coefficient and the Herfindahl- Hirschman index. At the third stage, the behavior of industry enterprises is analyzed on the basis of summary statements and consolidated reports, as well as median values of indicators for enterprises. In the course of analyzing the behavior of enterprises, their market and operational efficiency, investment and financial activity are assessed. The type of growth and productivity of production factors is established by constructing the industry production function. Particular attention is paid to indicators of transformation processes — added value, labor productivity and return on capital. At the fourth stage, industry enterprises are grouped into four groups according to D. Birch’s method: fast-growing enterprises, large businesses, enterprises implementing an aggressive investment strategy and the rest of small businesses. At the fifth stage, indicators of the effectiveness of state economic policy are assessed. Calculations performed based on data from 2,451 enterprises in the IT industry showed that transformation processes in the industry have intensified, new enterprises are entering the industry, their operational and market activity is increasing, non-current assets and equity capital are growing. However, payments for investment activities do not allow us to draw an unambiguous conclusion about high investment activity; in addition, there is no significant influx of long-term borrowed capital into the industry, which hinders its development. Positive changes in the industry are largely associated with active government policy, which promotes the transition to domestic software, influencing the methods of fiscal policy, while monetary policy instruments are not used actively enough. The methodological basis of the study was formed by general scientific principles and methods: abstraction, generalisation of approaches of foreign and domestic authors to sectoral analysis, grouping, comparison, generalisation, as well as economic and mathematical methods. The result of the work is the methodology of industry monitoring, as well as the indicators of IT-industry development for the period 2018–2022 obtained during its testing. The article may be useful for analysts assessing the development of industries within the framework of industry analysis or industrial policy monitoring.

Digitalization Impact on Sustainable Firm Performance of Small, Medium, and Large Businesses

Currently, the world is presented with sophistication in the field of technology, including company management. A superior company is an organization that can optimize all aspects. Speaking of existence, one of the essential pillars that support company sustainability is technology adoption. Referring to this premise, this study is structured to elaborate on the elements that determine firm performance (FP). These elements are designed into three factors: (1) digital technology usage/DTU, (2) digital transformation strategy/DTS, and (3) organizational agility/OA. This study concentrated on 159 samples compiled from small, medium, and large-scale businesses. Nonprobability sampling and purposive sampling data were extracted via PLS-SEM. Quantitative findings revealed that DTU has positive implications for DTS, OA, and FP. Empirical studies prove that DTS and OA also have a positive impact on FP. The current empirical research concludes that the increase in digital technology usage further develops digital transformation strategy, organizational agility, and firm performance. Improvements in digital transformation strategy or organizational agility can improve firm performance. Policy implications open up space for managerial actors to prioritize more complex ideas, solutions, and alternatives in strengthening mastery of the technology.

From Likes to Buys: A Case Study on the Influence of Influencer Marketing on Consumer Decision Making

Today, hundreds of millions of people are using social networks every day on a regular basis. Social media users trust and inspire the people they follow, so it may be a good idea for businesses to reach out to those celebrities with a large following and high engagement rate on social media. By partnering with influencers, it is easier to get the products and services in front of as many people as possible, which can improve the conversion rate. Influencer marketing helps in promoting your product and brand, however it not a full proof this strategy will work for every business. If a business looking for a way to enter social media marketing than influencer marketing can be a strategy worth exploring. Influencer marketing refers to companies that partner with individuals who have a significant presence on social media and have a large number of followers, to market their products and services. Influencers come in five different sizes—nano, micro, medium, macro, and mega—depending on how many followers they have: 1. Nano influencers : less than 10,000 followers. 2. Micro influencers : from 10,000 to 50,000. 3. Medium influencers : from 50,000 to 100,000. 4. Macro influencers : more than 500,000. 5. Mega influencers : over one million followers.(Yamashita, 2016) What is Digital Marketing? Digital marketing is becoming a fundamental and important element of all business models weather it is a small, medium or a large business models. Digital marketing is different from traditional marketing. It can segment and target a specific group of consumers and communicates with them so has to make the impact the communication more effective. It also saves time and energy and helps optimum utilisation of resources.

FORMAT PENDAMPINGAN USAHA MIKRO, KECIL DAN MENENGAH UNTUK MENAIKKAN OMZET DI KECAMATAN CIPAYUNG, SUKMAJAYA, DAN PANCORAN MAS, KOTA DEPOK

In the current pandemic era, it is undeniable that Micro, Small and Medium Enterprises (MSMEs) are the backbone of the national economy. In the midst of many large businesses that have gone bankrupt. Even so, there are still many MSMEs that still apply conventional patterns in marketing their products. Even though consumers have changed, consumer behavior has also changed, so that without realizing it, the marketing of MSME products is not optimal. One way for MSMEs to be carried out optimally is by providing business assistance. The purpose of this research is to find out the right format in assisting MSMEs to increase their business turnover and be able to expand the market. The research model used is a qualitative descriptive research model. In conclusion, business assistance by institutions or people who are experienced in business can be a perfect solution for MSMEs. However, what is quite a concern is the way of business assistance in each MSME, the method used is not always the same. It depends on the type of business being carried out, the target market segment, and the marketing area. All of this becomes a single unit in developing an existing business.

Small Entrepreneurship and Innovations in Azerbaijan

Small businesses play a critical role in the global economy by driving innovation, creating jobs and contributing to local communities. Small businesses, defined by their size, typically with fewer employees and lower revenues than large corporations, are diverse and dynamic businesses operating in a variety of industries. Small businesses in Azerbaijan are growing steadily, thanks to a combination of government initiatives, a growing startup ecosystem and a young, tech-savvy population. The country, located at the crossroads of Eastern Europe and Western Asia, views innovation as a key factor in economic development. Government support for small businesses has played an important role in the development of entrepreneurship. Initiatives such as tax incentives, financing programs and simplified regulatory processes are aimed at creating an enabling environment for startups. Azerbaijan’s strategic location and rich natural resources have also opened up opportunities in various sectors, from agriculture to technology. In recent years, the field of technology startups in Azerbaijan has been gaining momentum. Baku, the capital, has become a hub of innovation, hosting events, incubators and accelerators that nurture local talent. Young entrepreneurs are using technology to create solutions that solve both local and global problems. Fintech, agritech and medtech are just some of the sectors that are seeing notable innovation. Despite progress, challenges remain such as access to finance, market competition and the need for further infrastructure development. However, the entrepreneurial spirit in Azerbaijan remains strong, with a growing emphasis on collaboration, knowledge sharing and mentoring. As small businesses continue to drive economic diversification and technological progress, Azerbaijan is positioning itself as a promising landscape for innovative entrepreneurship.

Women Tourism Entrepreneurs in KwaZulu – Natal, South Africa: Capabilities and Challenges?

This study conducted in the context of South Africa, aims to explore gender nuances in the performances of tourism-related businesses in the Durban Central Business District, KwaZulu-Natal, with emphases on traditional societal perceptions and access to capital. Questionnaire survey, a quantitative research method, was used to collect data from 150 tourism-related business owners and managers using purposive sampling method. Data was analysed using IBM’s SPSS version 25 software. Descriptive (frequency, mean), bivariate (Spearman’s Rank Correlation (two-tailed) test, Pearson’s Chi-Square test, Mann-Whitney U test) and multivariate (Reliability test using Cronbach’s Alpha) data analyses were applied in this study. Results shows that entrepreneurial performance is influenced by the belief system of the society, marketing capabilities, and the entrepreneur background. Hence, there may be the influence of African traditional societal perceptions on African women entrepreneurs to be more contented than men with the small size of their businesses (because society expects them not to manage large businesses). This study did not make a conclusive finding that gender plays a strong role in differentiating business success or performance. However, the study found that it is somewhat easier for female entrepreneurs to find business start-up capital. Based on this study results, authors recommend that entrepreneurial training and mentorship programmes should emphasise that gender has no role in determining entrepreneurial success. Better optimisation of marketing capability and increased awareness of entrepreneurs regarding sources of business funding, are crucial for business start-ups and success.

A New Mode of MSME Empowerment Creating a Strong Indonesian Economy (Perspective on Business Competition Law)

Indonesia is included in the category of world economic power in terms of increasing micro, small and medium enterprises (MSMEs), which amount to 19 million. The business competition law in Indonesia in Law No. 5 of 1999 and the Business Competition Supervisory Commission (KPPU) can make MSMEs an important sector in the Indonesian economy through this institution. MSMEs that carry out business or partner with investors or large businesses reduce unfair business competition that can benefit both parties. However, along with the development of technology and people's habits, business actors, especially the MSME sector, are doing various activities to increase turnover by carrying out various business strategies so that their business can continue. Law No. 20 of 2008 concerning Micro, Small, and Medium Enterprises regulates MSMEs' activities, hoping that MSMEs can realize Indonesia as a world economic power with an empowerment model from upstream to downstream and can be easily recognized and accessed quickly. The research method used is descriptive normative legal research. As a result, the new model of the compass network in empowering MSMEs by accelerating the network, roadmap mode, and images can increase MSME production and be free from the influence of an uncertain economic situation.

Cross-promotion: features, causes of success and types of popular mechanics

Cross-promo is becoming more and more popular among companies in the Russian market. Both representatives of large businesses and medium-sized companies resort to this marketing mechanics. The article discusses in detail the theoretical aspects and reasons for the growing popularity of cross-promo, analyzes the important nuances that companies face when conducting this type of activity, and the main mechanics of this type of partner campaigns, and also provides recommendations for organizing an effective cross-promo. The subject of the study is cross-promo, and the object is the growing popularity of this mechanics among companies in the Russian market. The purpose of the work is to systematize the varieties of cross-promo. The result of this study is a detailed description of various types of cross-promos and the formulation of recommendations for the successful conduct of promotions. Cross-promo formats such as sampling, organization of joint events, joint advertising campaigns, organization of recommendation cross-promo, joint promotions and contests, implementation of partner programs and loyalty programs, joint creation of products are considered in detail. The uniqueness of the article consists in identifying the factors that determine the achievement of the planned indicators for this type of promotions. Recommendations are given on the choice of partners for cross-promo and the formation of promotional offers attractive to the target audience.

SUBSTANTIATING THE INFLUENCE OF THE RESULTS OF A COMPETENT ORGANIZATION’S FUNCTIONING ON THE EFFICIENCY OF THE NATIONAL ECONOMY

European integration processes have changed the requirements for organizations, shifting attention from external factors to internal properties. Unique knowledge and experience, combined with resources and technologies, shape the organization's competence, determining its ability to operate effectively. The increasing number of organizations capable of achieving high-performance indicators, i.e. competent in conditions of market activities coloured by military actions, is considered a factor in the development of the national economy. This work aims to justify the predominant impact of the results of Ukrainian organizations' activities, as an indicator of competence, on GDP volumes as a comprehensive indicator of economic efficiency and state development. Methods such as information systematization, grouping and comparative analysis, correlation regression, content and logical analysis, scientific induction, and deduction have been used.An obvious imbalance of the regional structure of the economy with the concentration of organizations in six leading regions (49,85%) was revealed, which does not always indicate their greatest impact on GDP volumes. This confirmed the inexpediency of considering the indicator of the number of organizations as a determining factor of influence on the national economy. The assumption of greater significance in ensuring the stable functioning of the economy based on the results of organizational activities has led to the analysis of the volumes of products produced and sold, their ratios, and projections of trends on GDP volumes. The higher performance of representatives of large and medium-sized businesses is explained by the presence of a wider list of competencies, therefore, higher competitiveness of organizations and the probability of resistance to external changes. Identity, but the unequal trends in production volumes and GDP outline prospects for further analysis of financial performance indicators in the context of their impact on the competence level of organizations, which most fully characterizes their ability to conduct successful activities, ensuring sustainable economic development.

Development of Small and Medium-Sized Businesses in Certain Areas of the Central Federal District of the Russian Federation in the Context of State Support Measures and the Regions' Own Potential

The relevance. The main problem of small and medium-sized enterprises (SMEs) in the Russian Federation is that government support measures are not always an incentive to development: the dominance of large businesses,the difficult economic situation and the desire for stable profits often force SME organizations to simply exist on state-provided capital in isolation from the regional economic situation. The solution to this problem forms the relevance of the chosen topic. The purpose of this study is to study the main statistical patterns of changes in the financial situation of SMEs in the regions of the Central Federal District of the Russian Federation in terms of their quantitative and qualitative development. Objectives. To achieve this goal, an analysis of official statistical data on SMEs in certain regions of the Central Federal District of the Russian Federation was carried out: their position in the general federal rating, revenue and number of employees, as well as the total number of SMEs over a five-year period. Methodology. To obtain the results of the study, general scientific methods were used: induction, deduction; statistical methods: observation, grouping, analysis of dynamics and structure. Results: the share of SMEs in the Russian economy in comparison with developed European countries is analyzed; the main problems associated with the resulting low proportion of SMEs in our country are presented; the analysis of the structure of small business in Russia by industry is carried out; a comparative analysis of the revenue indicators of SME enterprises, taking into account relevant government support measures, is also presented, the dynamics of the number of organizations in the SME sector is presented, the dynamics of economic indicators of the turnover of funds and the average number of jobs in SME organizations are reflected; the measures of state support for SMEs are considered and their effectiveness is assessed. Conclusion. State centralized financial support for small and medium-sized businesses, without any doubt, is, if not an incentive to development, then at least a guarantee of the survival of many enterprises in this business segment.

Analyzing a holding company (group of companies) during the transformation period: Methodology and algorithms (the PAO PhosAgro case)

Subject. The article addresses the assessment of holding company's activities, considered as an ecosystem, the analysis of which includes not only the analysis of the business as a whole, but also of its member companies, taking into account internal relations and interactions. Objectives. The purpose is to develop and test a methodology for holding company analysis, using a Russian company case. Methods. The study employs general scientific principles and research methods, like abstraction, generalization of domestic authors’ approaches to the analysis of large business entities. Results. The developed methodology includes five stages: (1) accumulating information about all enterprises of the holding group as a whole, forming subgroups, calculating indicators of consolidated financial statements; (2) determining the structure of holding group’s key indicators distribution among subgroups, estimating cash flows within the group; (3) analyzing the operating, investing, and financing activities of subgroups; (4) calculating specific indicators that reflect the specifics of activities of the holding's subgroups and effectiveness of their functions; (5) forecasting, based on the analysis of the company's capitalization, identifying the key drivers of business capitalization, the growth rate of the group's free cash flow expected by the market, prospects for business development based on market expectations. Conclusions. Testing the methodology on PAO PhosAgro data showed that the group includes subgroups of companies, like holding, manufacturing, sales, servicing, non-manufacturing. Due to redomicilation, control over the group was moved to Russian jurisdictions, and key assets and financial results were concentrated in the holding and manufacturing companies. The analysis of business capitalization demonstrated that its key driver is product prices, the expected growth rate of the free cash flow of the business is insignificant. The group successfully adapts to environmental challenges and has prospects for further development.

선택적 CSR과 외부주주의 감시에 대한 연구

Purpose – This study seeks to explore the impact of outside shareholders on CSR, and discuss how outside shareholders interact with corporate ownership structure to affect CSR. Design/Methodology/Approach – Using longitudinal data from 297 publicly listed companies in Korean large business groups, the study examined the direct and interaction effects of outside shareholders and corporate ownership structure on CSR. It focused on the impact of institutional stockholders holding 5% or more of the equity shares and foreign investors on corporate governance. Findings – While institutional investors do not significantly affect CSR, foreign investors have a positive impact and moderate the effects of corporate ownership structure on CSR. They respectively moderate the positive impact of controlling shareholder ownership and the negative impact of control-ownership disparity on CSR. These findings suggest that foreign investors play a role as independent monitors in aligning corporate governance with CSR objectives in large Korean business groups. Research Implications – The findings highlight the possibility of CSR being exploited for private benefits by controlling shareholders without effective corporate governance. This study emphasizes the need for monitoring and balanced oversight in reducing conflicts over CSR, suggesting the importance of outside shareholder engagement in corporate governance. It posits that outside shareholders, particularly foreign investors, are instrumental in fostering responsible corporate governance and CSR practices.

The Role of Non-State Actors in Establishing the Halal Ecosystem in Indonesia

Amidst the global growth of the Muslim population, the need for products or services that comply with sharia law has become unavoidable. As the country with the largest Muslim population in the world, Indonesia has declared itself to become a major player in the global halal industry. This can be seen from the changes made by Indonesia in the last decade, both in policy and governance aspects to form an effective halal sector ecosystem as planned in the Indonesia Islamic Economic Masterplan 2019-2024. However, amid several policies implemented by the government, the role of non-state actors, including but not limited to large industries, business groups and MSMEs, community organizations or NGOs, and product influencers, increases and mainstreaming the halal industry in Indonesia cannot be ruled out. Based on a study of several literature related to the halal industry in Indonesia, researchers see that most of the research on the halal industry in Indonesia focuses on discussing strategy and the government as well as opportunities and challenges for Indonesia in developing the halal industry. Therefore, the study aims to discuss the role of non-state actors in forming the halal industrial ecosystem in Indonesia.

PERANCANGAN MARKETPLACE DENGEN JOOMLA STUDI KASUS : PT. LUM CENGKARENG

Online marketplaces are so mushrooming that it can make it easier for someone to transact in everyday life. With this technology, market penetration is increasingly widespread and can generate large business profits. A company located in the Cengkareng area of West Jakarta is trying to develop its business. In accelerating the development of their business they are trying to organize a design and creation of an online marketplace and also provide training on the use of features in the marketplace online that can be used by the community to make transactions quickly. The method used in making this design is an explorative method in the application life cycle, where a marketplace website will be designed with the Content Management System application. The results of this paper show that the design of a marketplace website can be built using the CMS application, namely Joomla. This research is a form of utilization of online-based information technology at PT LUM.

Manajemen Strategis dan Kerangka Kerja Strategis

During these years, strategic planning was widely believed to be the answer to all problems. At that time, most major companies in large countries like the United States were obsessed with strategic planning. However, after the “boom”, strategic planning was put aside in the 1980s because various planning models did not provide higher results. However, the 1990s brought a renaissance of strategic planning, and the process is widely practiced today in the business world. The strategic plan need a plan which is good so that companies have the opportunity to compete successfully. Strategic consists of three stages: strategy formulation, strategy implementation, and strategy evaluation. Strategy formulation includes developing a vision and mission, identifying the organization's external opportunities and threats, determining internal strengths and weaknesses, setting long-term goals, generating alternative strategies, and selecting specific strategies to implement. Strategy formulation issues include deciding what new businesses to enter, what businesses to abandon, how to allocate resources, whether to expand operations or diversify, whether to enter international markets, whether to merge or form a joint venture, and how to avoid hostility. takeover. Because no organization has unlimited resources, strategists must decide which alternative strategies will most benefit the company. Strategy formulation decisions commit an organization to specific products, markets, resources, and technologies over a long period of time. Strategy determines long-term competitive advantage. Good or bad, strategic decisions have major multifunctional consequences and long-lasting effects on organizations. Top managers have the best perspective to fully understand the consequences of strategy formulation decisions; they have the authority to allocate the resources necessary for implementation. Strategy implementation requires companies to set annual goals, design policies, motivate employees, and allocate resources so that the formulated strategy can be implemented. Strategy implementation includes developing a culture that supports the strategy, creating an effective organizational structure, directing marketing efforts, preparing budgets, developing and utilizing information systems, and linking employee compensation to organizational performance. Strategy implementation is often called the “action stage” of strategic management. Implementing a strategy means mobilizing employees and managers to put the formulated strategy into action. Often considered the most difficult stage in strategic management, strategy implementation requires personal discipline, commitment, and sacrifice. Successful strategy implementation depends on the manager's ability to motivate employees, which is more art than science. Strategies that are formulated but not implemented serve no useful purpose. Strategy implementation activities affect all employees and managers in an organization. Each division and department must decide the answer to questions, such as “What should we do to implement our part in the organization's strategy?” and “What is the best way to get this job done?” The challenge of implementing it is to stimulate managers and employees throughout the organization to work with pride and enthusiasm in achieving the set goals. Strategy evaluation is the final stage in strategic management. Managers really need to know when a particular strategy is not working; Strategy evaluation is the primary means of obtaining this information. All strategies are subject to modification in the future as external and internal factors continue to change. The three fundamental strategy evaluation activities are (1) reviewing the external and internal factors on which the current strategy is based, (2) measuring performance, and (3) taking corrective action. Strategy evaluation is necessary because today's success is no guarantee of tomorrow's success! Success always creates new and different problems; complacent organizations die. Strategy formulation, implementation, and evaluation activities occur at three hierarchical levels in a large organization: corporate, divisional or strategic business units, and functional. By fostering communication and interaction between managers and employees across hierarchical levels, strategic management helps companies function as competitive teams. Most small businesses and some large businesses do not have divisions or strategic business units; they only have corporate and functional levels. However, managers and employees at both levels must be actively involved in strategic management activities.