Retail Trade Sector Research Articles

Employee perspectives on effective crisis leadership skills in small and medium-sized enterprises

ABSTRACT Building on the 4Cs and five phases of crisis management and Hersey and Blanchard’s situational leadership model, this research aims to identify employees’ perspectives and expectations on crisis leadership characteristics and skills to lead organisations and decrease the disruptive effects of a black swan event. This exploratory research interviewed 43 small and medium-sized enterprise employees from wholesale and retail trade sectors in Taiwan and the U.S. and studied their expectations of effective crisis leadership. Using an inductive thematic analysis, this research identified eight themes for leaders to navigate and lead through crises and make positive changes. Personal qualities and abilities to excel are the top two themes mentioned by most of the interviewees. A follower-centred situational leadership that demonstrates positive personal qualities, focuses on employee safety, and assures job security and transparency can effectively lead the employees and organisation to overcome a crisis. The findings could be used for organisation leaders’ and HRD professionals’ practice as change agents and for future research in HRD theory and leadership.

Energy Efficiency and Sustainability in Food Retail Buildings: Introducing a Novel Assessment Framework

One of the primary global objectives is to decrease building energy consumption to promote energy efficiency and environmental sustainability. The large-scale food retail trade sector accounts for over 15% of total primary energy consumption in Europe, posing a significant challenge to the transition towards green energy. This study proposes a simple method for energy efficiency, environmental sustainability, and cost-saving assessment and improvement in large-scale food retail trade buildings. It aims to analyze the energy and environmental performance of building–plant systems, establishing an interactive network to assess intervention potential for the energy transition. The investigation focuses on the proper selection and analysis of the benefits of retrofit solution implementation, emphasizing potential energy savings in current and future climate change scenarios. Dynamic simulation with the Building Energy Model (BEM) was used to evaluate the impacts of building–plant system retrofit solutions, such as high thermal insulation, photovoltaic (PV) panels, Light Emitting Diode (LED) installation, waste heat recovery, and improvement in refrigeration units. The results show a reduction in annual energy consumption for the PV panel installation by up to 29% and lighting systems with high-quality LED to 60%. Additionally, CO2 emissions can be decreased by up to 41% by combining these two strategies.

Determination of Priority Sectors in Economic Development in Maluku Province

This research aims to determine priority sectors in formulating economic development policies in Maluku Province. The methods used in this research are Location Quotient (LQ), Shift Share (SS), and Klassen Typology. The research results show that based on the three methods above, the priority sectors in economic development in Maluku Province are sectors that have superiority, and competitiveness and are among advanced and rapidly developing sectors (prime sectors). These sectors are the Agriculture, Forestry, and Fisheries sectors, the Wholesale and Retail Trade sector, Car and Motorcycle Repairs, the Government Administration, Defense and Mandatory Social Security sectors, and the Education Services sector. This sector is a sector that absorbs a lot of workers. Apart from that, the primary sector is a sector that plays an important role in economic development in Maluku Province. The contribution of the agriculture, forestry, and fisheries sectors indirectly shows that the economic structure of Maluku province is still supported by the traditional economy. Then, geographically, the vast area of Maluku Province, the majority of which is water areas; however, this sub-sector has yet to become the main support for the economy of Maluku Province. For this reason, the Maluku provincial government should prioritize the superior sectors and commodities it owns while still paying attention to other industries and commodities according to their potential and development opportunities in order to encourage the growth of Maluku Province's GRDP for future regional development. The implications of this research can be recommendations for economic planning and development in Maluku Province. The implications of this study can be recommendations for economic planning and development in Maluku Province

Analysis of Potential Regional Economic Development in Bengkulu Province in 2022

Bengkulu Province is one of the developing provinces in Indonesia. The distribution of development and economic growth is still one of the main objectives of development in Indonesia, as well as Bengkulu Province. Development and growth are still centralised in Bengkulu City, causing inequality between regions in Bengkulu Province. This research aims to identify the typology of regions in Bengkulu Province, as an evaluation material for the government in determining priority development areas based on business fields in Bengkulu Province. The research method used is quantitative with sharpened through descriptive analysis. This research uses secondary data sources obtained from BPS Bengkulu Province. Based on the existing business sectors in Bengkulu Province, the primary sector or sectors that still depend on or take advantage of natural conditions, such as; agriculture, forestry and fisheries have the largest contribution to the Bengkulu Province GRDP, which is 27.57%, then the next sector is the Wholesale and Retail Trade sector; Car and Motorcycle Repair, with an average contribution of 15.82%, and the Government Administration sector with a contribution of 8.88%. Data were analysed using Klassen's typology, by dividing or grouping into 4 (four) quadrants based on business field indicators. The results of the Klassen typology analysis in Bengkulu Province based on business fields show that there is close to equity in each sector, typology in quadrants 1, 3, and 4 consists of 5 business fields, while the typology results in quadrant 2, only consists of 2 business fields (Manufacturing, Public Administration & Defence; Compulsory Social Security).Keywords: Regional Typology; Klassen Typology; Economy; Development.

Evaluating the impact of a 24-hour economy on Ghana's economic landscape: A computable general equilibrium approach

The National Democratic Congress (NDC), Ghana's leading opposition political party, has unveiled an ambitious ‘24-hour economy’ policy proposal ahead of the country's forthcoming general elections in 2024. The policy aims to revitalise the nation's economic landscape by fostering round-the-clock operations in key sectors. This paper employs a dynamic Computable General Equilibrium (CGE) model framework, underpinned by the 2015 Ghana Social Accounting Matrix (SAM) and the 2021 Ghana Population and Housing Census (PHC) data, to evaluate the potential impact of the policy on Ghana's economy.Results indicate that under the proposed ‘24-hour economy’ policy, Ghana's real GDP growth (not to be confused with GDP growth rate) in ten years would be 31.71 % higher than it would have been under a ‘business-as-usual’ scenario in the same timeframe. This indicates substantial augmentations in economic output within the Ghanaian economy under a ‘24-hour economy’ setting. Further, the policy would generate more than 3 million jobs within five years of its implementation, with manufacturing, agriculture, wholesale and retail trade, services, construction and transport sectors experiencing substantial employment gains.The policy's transformative effects are driven by its ability to stimulate capital investment and capital formation, boost productivity and increase household incomes.The paper concludes that the NDC's proposed ‘24-hour economy’ policy holds substantial potential for transformative economic growth in Ghana. However, there are potential challenges associated with the implementation of the policy, which then necessitates a holistic approach to policy formulation, focusing on inclusive growth and sustainable development strategies.

Pemetaan Daya Saing Produk Industri Kreatif di Sumatera Barat

This research aims to determine the level of economic competitiveness through competitive sectors based on shift-share analysis, leading sectors based on Location Quotient analysis, creative industry mapping, and creative industry product potential in West Sumatra. This research is field research using survey methods. The approach method uses a quantitative and qualitative descriptive approach. The research results show that based on the results of the shift-share analysis there are seven competitive sectors, namely wholesale and retail trade sector, followed by construction, educational services, mining and quarrying, government administration, provision of accommodation and food and drink, services others, while tourism has not been able to compete. Based on the results of the Location Quotient analysis, there are 13 basic and superior business sectors, and the tourism sector which is among the most basic or superior sectors in West Sumatra. The results of mapping the creative industries in West Sumatra showed that Tanah Datar is the area with the most creative workers. Most of the creative industry potential in culinary businesses and is located in Tanah Datar, Pesisir Selatan, Payakumbuh, Padang Panjang, South Solok, Solok, Sinjunjung, Limapuluh Kota, Dharmasraya, Pariaman Districts.

Policy Design for Guidance and Development of Micro, Small and Medium Industries in Lubuklinggau City

This paper aims to describe the challenges and proposed strategies and policies for the Development of Micro, Small and Medium Industries in Lubuklinggau City. This research design is descriptive qualitative, data collection is done through four steps namely; observation, semi-structured interviews, documentation and conducting FGDs. Data analysis consists of two main sub-processes: (1) data reduction and pattern identification, and (2) conclusion drawing and conclusion presentation. The results of the study concluded that there are challenges faced in the activities of Guidance and Development of Micro, Small and Medium Industries in Lubuklinggau City to develop five leading sectors namely; wholesale and retail trade sector, transportation and trade sector, accommodation and eating and drinking sector, real estate sector, corporate services sector, and health services sector. Pentahelix Model Design was designed by the Lubuklinggau City Government to organize the Guidance and Development of Micro, Small and Medium Industries by involving five elements namely academics, business, community, government, and media.

Management of Corporate Distressed Debt: From Terminology to Statistics

The aim of the paper is to systematize definitive approaches of “problem (distressed) debt” and related terms in order to create a conceptual apparatus useful from the point of view of management entities, as well as to statistically study the dynamics and sectoral structure of problem debt based on the banking sector performance indicators in Russia and other countries in 2009–2023. As a result of the analysis of international and Russian documents in the field of banking regulation, two types of problem debt typologies have been identified: classifications of credit risk of the supervisory authority and recommendations of internal credit risk. Two approaches to the definition of “problem (distressed) debt” have been identified: a regulatory (accounting) approach based on the requirements of regulatory authorities and reporting standards; an identification approach that includes a list of various signs of problems. As a result of the synthesis of approaches, the article proposes the author’s understanding of the terms “overdue debt (credit)”, “problem (distressed) debt” and “problem asset”, taking into account the subject composition of debt managers, represented not only by banks, but also by trade creditors. As part of the preparation of the statistical review for 15 years, a constant excess of the share of “bad” loans (with no probability of repayment and complete depreciation of debt) over “problematic” ones was revealed, which confirms the low effectiveness of the banks’ preventive work to prevent borrowers from becoming problematic (troubled). The authors analyzed the dynamics of the ratio of non-performing loans (NPL) to the total volume of loans issued in 28 countries of the world, revealed a relatively high proportion of the indicator in Russia in recent years. An assessment of the sectoral debt structure of Russian companies showed the dominant position of the manufacturing industry, whereas in the structure of overdue debts, the main companies are from the real estate, wholesale and retail trade sectors. The work of credit institutions to manage problem debts is an important issue of ensuring the economic security of the state and should include monitoring the condition of borrowers based on a strategic map and a comprehensive analysis model, using the methodology of managing transformational projects for the financial recovery of troubled companies.

Unlocking Prosperity: Identifying Key Sectors For Tourism Development In Yogyakarta

Tourism has great potential to create jobs and improve Indonesia's competitiveness in the global market. The Special Region of Yogyakarta (DIY) is one of the provinces in Indonesia that has comparative advantages and good prospects in tourism. This study aims to determine the economic sectors that are the basis and have prospects for growth and to determine the development that can be done in these sectors to optimize tourism in each regency and city in the Special Region of Yogyakarta. Based on analysis using Location Quotient (LQ) and Dynamic Location Quotient (DLQ), the agriculture, forestry, and fisheries sector, the water supply, waste management, waste, and recycling sector, the wholesale and retail trade sector, car and motorcycle repair, the transportation and warehousing sector, as well as the accommodation and food supply sector are the basic and prospective sectors in the regencies and cities in Yogyakarta. Optimization of tourism can be done through the intensification of these basic and prospective sectors through strengthening agro-tourism, waste management, local shopping, and public transportation in each district and city in DIY. By strengthening the basic sectors and taking strategic steps in tourism development, DIY can strengthen its position as an attractive and sustainable tourism destination.

Методические основы оценки уровня регионального развития корпоративной социальной ответственности в сфере розничной торговли

the article presents the results of the formation of methodological foundations for assessing the level of regional development of corporate social responsibility in the retail trade sector. A system of indicators has been developed to assess the level of development of corporate social responsibility in the retail trade sector at the regional level. The threshold values of the indicators and the methodology for interpreting their calculations are substantiated.

Organizational Ambidexterity, Digital Transformation, and Strategic Agility for Gaining Competitive Advantage in SMEs

This study aims to examine the effects of strategic agility and environmental dynamism on the relationship between organizational ambidexterity and digital transformation and competitive advantage in small-scale SMEs. A quantitative research method is used in the study. The research population is the managers of 17451 small-scale SMEs in the wholesale and retail trade sector within the provincial borders of Istanbul, which employ less than 50 employees annually and whose annual net sales revenue or financial balance sheet does not exceed 25 million Turkish Liras according to the data of the end of 2020. An online survey was sent to the managers of 450 small-scale SMEs reached by convenience sampling method and the data obtained from 366 valid surveys were analyzed through the Smart PLS program. According to the research results, organizational ambidexterity and digital transformation are positively related to competitive advantage. In addition, it is determined that digital transformation has a partial mediating role on the relationship between small-scale SMEs’ ambidexterity and competitive advantage, and strategic agility has a moderating role on this relationship. On the other hand, it is concluded that environmental dynamism does not have a moderating role on the relationship between small-scale SMEs’ ambidexterity and competitive advantage.

Analisis Sektor Basis Ekonomi Potensial dan Peluang Kerjasama Regional (Kabupaten Ende - Kabupaten Ngada)

This study aims to find out (1) What economic sector is the basic sector in Ende and Ngada Regencies (2) What is the government's role in increasing the potential economic base and opportunities for cooperation in Ende and Ngada Regencies. The analytical tool used in this research is Location Questionnaire (LQ) analysis. The data used is secondary data in the form of GRDP values for Ende and Ngada Regencies and East Nusa Tenggara Province GRDP at constant prices in 2010 from 2017-2021. The results showed that there were seven (7) basic sectors in Ende Regency with an LQ > 1, namely the Mining and Quarrying, Wholesale and Retail Trade sectors; Car and Motorcycle Repair, Real Estate, Corporate Services, Government Administration, Defense and Compulsory Social Security, Educational Services and Other Services. Meanwhile, there are eight (8) base sectors in Ngada Regency with LQ > 1, namely Agriculture, Forestry and Fishery, Mining and Quarrying, Processing Industry, Water Procurement, Waste Management, Waste and Recycling, Construction, Financial Services and Insurance, Real Estate, Government Administration, Defense and Compulsory Social Security. Based on the percentage results of the two, Ende Regency has a score of 41.17% and Ngada Regency 47.0% which further strengthens local governments so that they need to cooperate for the two regions.

Analysis of The Relationship of Land Transportation With GRDP in Wholesale and Retail Trade Sector, Car and Motorcycle Reparation

Transportation Land transportation influences national economic growth. Due to the existence of land transportation modes, the national economy can continue to grow from year to year. This study analyzed the variable relationship between land transportation through road length data, road condition data, and GRDP in the wholesale and retail trade sectors. The results of this study show that good national road conditions have a very low positive correlation (0.079). And has an insignificant relationship to GRDP (0.665 0.05). National road conditions have a shallow level of positive correlation (0.074). And has a negligible relationship to GRDP (0.679 0.05). Damaged national road conditions have a superficial negative correlation (-0.040). And has an insignificant relationship to GRDP (0.823 0.05). National road conditions severely damaged did not pass the requirements test, normality test results (0.024 0.05). Provincial road conditions are good, with a positive correlation (0.681). And has a significant relationship to GRDP (0.00 0.05). Medium local roads have a good level of positive correlation (0.586). And has a substantial relationship to GRDP (0.00 0.05). The condition of damaged provincial roads has a low negative correlation (-0.103). It has an insignificant relationship to GRDP (0.563 0.05). The condition of the badly damaged national road does not pass the requirements test, the normality test (0.024 0.05). Moderate district/city road conditions have an average positive correlation (0.356). And has a significant relationship to GRDP (0.039 0.05). The condition of district/city roads is damaged and has a shallow correlation level of (0.105). It has an insignificant relationship with GRDP (0.555 0.05). The condition of district/city roads is badly damaged and has a shallow correlation level of (0.105). It has an insignificant relationship with GRDP (0.555 0.05). The condition of district/city roads is damaged and has a shallow correlation level of (0.105). It has an insignificant relationship with GRDP (0.555 0.05). The condition of district/city roads is badly damaged and has a shallow correlation level of (0.105). It has an insignificant relationship with GRDP (0.555 0.05). The condition of district/city roads is damaged and has a shallow correlation level of (0.105). It has an insignificant relationship with GRDP (0.555 0.05). The condition of district/city roads is badly damaged and has a shallow correlation level of (0.105). It has an insignificant relationship with GRDP (0.555 0.05).

Kajian Peranan Sektor Ekonomi Basis Terhadap Produk Domestik Regional Bruto (PDRB) Kabupaten Lamongan Tahun 2022

The improving condition of the regional economy can be seen through economic growth, of course this cannot be separated from the support of an increase in investment value. Lamongan Regency's long-term economic development aims to increase sustainable economic growth by providing investment opportunities for investors. A good investment climate is needed by investors so that their investments have a positive impact. Regional economic development hopes to have good progress and can increase the GRDP of Lamongan Regency. Various efforts have been made by the regional government to promote Lamongan Regency with the aim of attracting investor interest so that GRDP and Regional Income increase, as well as having a direct impact on equitable development in all fields. In this situation, there needs to be a phenomenal instrument to encourage the investment climate, by calculating 17 GRDP economic sectors, to find out which economic sectors have a basic economy, and this needs to be supported by the Lamongan Regency Regional Regulation. The GRDP of Lamongan Regency from 2017-2021 is a description of the economic activities of 17 GDP economic sectors which are experiencing fluctuations. Economic structure based on business field, rate of economic growth in a region, increase in prices of goods and services over one year, determination of base and non-base sectors, development of investment value based on target and realization, development of gross fixed capital formation, investment opportunities seen through the ICOR approach . The role of regional government as regional leaders and OPD as regional government organizers, needs to support economic activities so that GRDP in 2022 increases. Using the ICOR value can predict the amount of investment in the four sectors, namely the Agriculture, Forestry and Fisheries sectors amounting to IDR 7,115,508,510,000.00, the Processing Industry sector amounting to IDR 12,289,068,850,000.00, Wholesale and Retail Trade sector; Car and Motorbike repairs amounting to IDR 21,761,325,480,000.00, Real Estate sector amounting to IDR 2,809,442,040,000.00. This results in a prediction of the GRDP value increasing to Rp. 28,853,394,420,000 and investment/capital investment requirements to increase the GRDP of Lamongan Regency amounting to Rp. 15,580,832,990,000.00, this economic sector needs to be supported by a Regional Regulation concerning Providing Incentives and Facilitation of Regional Investment which has a positive impact on Investment and absorbs Lamongan Regency workforce.

Sektor Basis dan Penyerapan Tenaga Kerja di Kota Sungai Penuh

This research aims to identify the dominant base sectors in Sungai Banyak City and evaluate the level of labor absorption in these sectors. The data used comes from secondary sources, namely the websites of BPS Sungai Banyak City and BPS Jambi Province. The data analysis method involves a qualitative descriptive approach and quantitative descriptive analysis. The data collection period is 2018-2022. The analytical instrument applied involves Location Quotient (LQ) and labor absorption in the base sector. The research results show that there are four significant basic sectors in Sungai Banyak City in the 2018-2022 period. These sectors include Mining and Quarrying (LQ 1.11), Agriculture, Forestry and Fisheries (LQ 1.31), Construction (LQ 1.31), and Wholesale and Retail Trade (LQ 1.95). The highest labor absorption will occur in the Agriculture, Forestry and Fisheries sectors in 2022, with a total of 44,428 people. Meanwhile, the Wholesale and Retail Trade sector will absorb the largest number of workers in 2022, amounting to 15,013 people. The Mining and Construction sector, which is included in the other sectors category, accounts for 12,480 people in 2022.

ANALISIS POTENSI EKONOMI KABUPATEN SUMBAWA TAHUN 2016-2021

This study aims to determine the potential of the economic sector which can be used as a base or superior economic sector in Sumbawa Regency District. This study used a descriptive method with the type of data used was quantitative data in the form of Gross Regional Domestic Product of Sumbawa District data for 2016-2021 from all existing economic sectors. This data was obtained from published documents or archives of the Sumbawa District Central Statistics Agency. The data analysis tool used was the analysis technique of location quotient (LQ) analysis, shift share analysis, and klassen typological Analysis. Based on the results of the LQ analysis, it shows that there are seven economic sectors in Sumbawa Regency which have an LQ value greater than 1 (>1) so that they can be used as base or superior sectors in Sumbawa District, but there are only four economic sectors in Sumbawa District those in quadrant I, namely sectors that are relatively advanced and growing rapidly (developed sectors), are the agriculture, forestry and fisheries sectors; electricity and gas procurement sector; wholesale and retail trade sector, car and motorbike repair; and the government administration, defense and mandatory social security sectors. These sectors have a very large contribution in forming Sumbawa District GRDP and if managed well these sectors will continue to be growing sectors in the future.

Sektor Unggulan Dan Pertumbuhan Ekonomi: Studi Kasus Kota Padangsidimpuan

Leading sectors are expected to be able to overcome economic development problems with economic growth rates. The aim of this research is to find out what sectors are the leading sectors in Padangsidimpuan City and to find out how the growth of these leading sectors influences the level of economic growth in Padangsidimpuan City. The type of data used in this research is secondary data obtained from the Padangsidimpuan City Central Statistics Agency and the North Sumatra Province Central Statistics Agency. The results of this research are based on Location Quotient (LQ) analysis, Dynamic Location Quotient (DLQ) analysis, Growth Ratio Model (MRP), and Shift Share analysis, there are four sectors which are the leading sectors in Padangsidimpuan City, namely the electricity and gas procurement sector; wholesale and retail trade sector, car and motorbike repair; transportation and warehousing sector; as well as the accommodation and food and drink provision sector. Based on the results of simultaneous multiple linear regression analysis, leading sectors have a significant influence on the level of economic growth in Padangsidimpuan City. Partially, the electricity and gas procurement sector has a positive and insignificant effect on the level of economic growth. Partially, the wholesale and retail trade sectors; car and motorbike repairs have a positive and insignificant effect on the level of economic growth. Partially, the transportation and warehousing sectors have a positive and significant effect on economic growth. Partially, the accommodation and food and drink provision sector has a negative and insignificant effect on economic growth.
 
 Keywords: GDP, leading Sectors, Economic Growth

Industry and occupational employment projections overview and highlights, 2022–32

Employment and real output are projected to grow from 2022 to 2032. The total economy is projected to add about 4.7 million jobs during this decade, with employment reaching a level of 169.1 million in 2032. Most of the projected employment gains are concentrated in the healthcare and social assistance sector and the professional, scientific, and technical services sector. The retail trade and manufacturing sectors account for the bulk of the projected job losses from 2022 to 2032.

The Impact of Covid-19 on The Sectoral Economy in Indonesia

Covid-19 caused a contractionary economic condition, therefore the policies adopted by the government to restore the economy were expansionary fiscal and monetary policies to increase public consumption to stimulate economic activity. The economic sector that grew the highest during the Covid-19 period was the Human Health and Social Activities sector, the Information and Communication sector, the Water Supply sector; Sewerage, Waste Management and Remediation sector, Financial and Insurance Activities sector, Real Estate Activities sector, Education sector, and Agriculture, Forestry, and Fishing sector. While the economic sectors most affected by Covid-19 are the Transportation and Storage sector, the Accommodation and Food Service Activities sector, the Business Activities sector, the Transportation and Storage sector, the Business Activities sector, and Other Services Activities sector. While the economic sectors that recovered quickly due to the implementation of economic recovery policies were the Mining and Quarrying sector, the Manufacturing sector, the Electricity and Gas sector, the Wholesale and Retail Trade sector; Repair of Motor Vehicles and Motorcycles sector.Keywords: economic crisis, Covid-19, economic growth, sectoral growth, government policy.

The NAICS 2022 update and its effect on BLS employment estimates in the retail trade sector

The NAICS 2022 update and its effect on BLS employment estimates in the retail trade sector