Entrepreneurial Sector Research Articles

Influence of the entrepreneur’s personal values in business governance style and their relationship with happiness at work

Influence of the entrepreneur’s personal values in business governance style and their relationship with happiness at work

Motorcycle three-wheelers in Pakistan: Low-cost rural transport services, crucial for women’s mobility

Rural women and men without their own means of transport depend on transport services. In low- and middle-income countries these are mainly provided by informal sector entrepreneurs. In Pakistan, motorcycle three-wheelers (designed as six-seater, route-based vehicles) provide most rural transport services. Research was undertaken in three districts of Punjab Province, with traffic counts and surveys of transport users. Motorcycles are increasing rapidly, and men’s use of transport services is declining. The traffic counts showed motorcycles for personal and family use carry almost half of the people travelling. Women are increasingly passengers on motorcycles driven by male relatives, but these are seldom available for women’s multipurpose trips during the daytime. On village-to-town roads, motorcycle three-wheelers are the only low-cost (two cents USD per passenger-km) public transport throughout the day. Point-to-point taxis are more costly. Most (55%) of women’s public transport journeys are in three-wheelers. Women and men rate motorcycle three-wheelers highly, particularly their fares and frequency. Women have a greater willingness to pay more for less crowded, safer vehicles than men. It is concluded that the informal sector motorcycle three-wheeler services are optimising village-to-town transport connections, providing the only low-cost travel option for many rural women. Policies should avoid disrupting their vital services. With motorcycle growth undermining transport services, gender-aware strategies should be developed to facilitate frequent, uncrowded three-wheeler operations.

Аnаlysis of Potеntiаl, Struсturе, Dynаmiсs of Dеvеlopmеnt of Kаzаkhstаn’s Sсiеnсе

This article analyzes the scientific potential, its structure, and dynamics of development in Kazakhstan to develop strategic recommendations for the further development of science. The main purpose of the scientific work is to obtain accurate data on the state of the dynamics of the development of Kazakh science. The main research methods were generalization, systematization, and the economic and statistical method. The statistical base of the study was the data of the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan for the period from 2010 to 2020. According to the analysis, it was revealed that the state budget plays the main role in the financing of R&D in the republic, and the priority direction of R&D is research in the field of engineering developments and technologies. While there are several problems in the field of social sciences and humanities in Kazakhstan: the tendency to reduce the sphere of social sciences, a low proportion of highly qualified personnel in the humanities, a low material and technical base of social and humanitarian research, which is manifested in a high share of labor costs. Positive trends in the growth of costs for R&D, the development of the entrepreneurial sector of science, as well as negative trends in reducing costs for medical sciences were revealed. It is shown that there is a critical situation with the reproduction of scientific personnel, especially highly qualified personnel. The results of the study may be of interest to government authorities in the field of science.

Organizational-Economic Trends and Urgent Problems of Digitalization of the Economy of the Republic of Kazakhstan

The purpose of this scientific article is to identify modern trends in the formation of the economic and organizational foundations for the development of the digital economy of the Republic of Kazakhstan, to identify the main problems in these areas and ways to solve them. The main initial data for writing a scientific article were official statistical information in the field of development of communications and information and telecommunication technologies, scientific periodicals, including the near and far abroad, practical data of entrepreneurial structures directly leading production and economic activities in the digital and computer technology. The hypothesis of scientific research is the need to form the institutional foundations for building a digital economy, focused on the implementation of infrastructural development of digitalization processes at the macro and micro levels. The institutional framework affects both the public sector and the business entrepreneurship sector. In the strategic period for the development of the digital economy, indicative programs for business structures, as well as organizational scenarios for the state, should be developed. The main methods of scientific research were analytical and synthetic, statistical, computational, and analytical research methods, the method of hypotheses. As the results of the study, attention was focused on the dynamics of the contribution of digitalization processes to the economic growth of the Republic of Kazakhstan, and the main economic problems that hinder the intensification of the development of the digital economy were identified. The main scientific contribution of the study is focused on the priorities for solving the problems of digitalization of the economy within the strategic and long-term periods, including micro- and macroeconomic levels.

Japan–Indonesia Economic Cooperation: An Overview

This article aims to deepen our knowledge of Japan’s foreign policy in the Southeast Asian region and its role in Indonesia’s economic development, focusing on their economic cooperation via the Indonesia–Japan Economic Partnership Agreement (IJEPA) and Manufacturing Industry Development Centre (MIDEC) programme. The former has promoted cooperation via a tariff reduction scheme, while the latter facilitates the Indonesian government’s aid to micro, small and medium enterprises in the entrepreneurial sector.

Customer Relationship Marketing and Institutional Support Influence on the Women’s Companies Sustainability in Serbia

Current sustainability challenges require businesses to develop their relations with customers and markets through relationship marketing and jointly create added value of their services responsive to environmental, social and economic requirements at the same time. This article also supports the gender equality within the SDGs (fifth goal). As (SMEs Report, 2018) micro companies make 89.137, small enterprises make 11.219, entrepreneurs in shops and services sectors make 272.969 and cooperatives in agriculture and food trade make 1.196, they comprise most of the SMEs sector in Serbia, while Medium-sized firms make 2.517, and large enterprises make 540. Female entrepreneurs, which represent 32% of all SMEs and 22% from cooperatives were selected for the research sample with the aim to primarily represent the sectors their businesses operate within. The empirical research was provided in Serbia in 2021 on the sample of 220 female enterprises, shops and cooperatives, most of which operate in service sectors. The aim is to indicate the importance of the institutional factors (IF, government support) and customer relationship marketing (CRM) and their influence on the sustainability of the women’s enterprises (WES). Findings show that CRM significantly impacts the WES, showing that the market and customer loyalty are the most important for the sustainability and resilience of the business. At the same time, results show the importance of the IF government measures’ and policies’ influence and reveal that insufficient attention that has been dedicated to (WES) and SDGs goals of gender equality in feminist economics.

The problem of staffing for the digital transformation of the entrepreneurial sector and the directions of its solutions

The active development of digitalization can have a significant impact on the formation of competitive advantages of organizations in the entrepreneurial sector, which was clearly manifested with the onset of the pandemic. The generalization of the results of business surveys in the entrepreneurial sector of the EU countries and Russia, presented in the work, revealed that the problem of staffing occupies a prominent place among the constraints on the development of digital transformations. It is shown that the current situation is characterized by an increasing demand for qualified specialists in Information and Communication Technologies (ICT) for various sectors of the economy against the background of a low level of digital skills in the workplace. At the same time, both in the entrepreneurial sector of the EU countries and in Russia, the coverage of organizations with advanced digital technologies is insignificant, in contrast to the basic segment technologies. Using the principal components method, generalized characteristics were constructed for reflecting the active use of advanced digital technologies in various fields, which made it possible to further assess their relationship with the set of indicators of investment in human capital. The implemented approach showed promising directions for solving the problem of staffing the digitalization of the business sector, which seems relevant for both Russian and European entrepreneurship.

Main aspects of interaction of government and the entrepreneurial sector in project management

The interaction of state and entrepreneurs in a modern economy is a necessary measure for the effective implementation of the activities of both parties. This article explores some of the mechanisms of interaction between government bodies and the business sector of the economy in terms of project activities and project management. Public-private partnership issues are increasingly being discussed in the world political arena as an effective mechanism for interaction between the state and business. The need for effective communications in the chain power-business-society is emphasized by many authors. Communication between the public and commercial sectors is a process that reflects the levers and methods they use to mutually influence and promote their interests. The partnership between government, business and society is closely correlated with the successful functioning of the commercial sector and public administration, which is expressed in the successful establishment of the processes of socio-economic development of the state. The successful functioning of public-private partnership is one of the indicators of the correct implementation of the mechanism for supporting entrepreneurship by public authorities, and also reflects the level of development of the state in general and its subjects, in particular. The development of public-private partnerships plays an important role in building a long-term development strategy for the regions of the Russian Federation.

The Urgency of Adversity Quotient for Women Running the Small Businesses

During the economic crisis occurring in Indonesian, entrepreneurial sector has been the solution for Indonesian economic downturn. Until the current time, entrepreneurship keeps becoming the cornerstone for the government in improving Indonesia economic growth. However, entrepreneur women face more specific obstacles which complicate their steps, then it causes the fact that there are more entrepreneur women have contributions in Indonesian economic growth (60%) is less exposed (Tjahjadi et al., 2019). The study is aimed to identify the relationship between adversity quotients with entrepreneurial intentions of entrepreneur women. The hypothesis proposed in this study is that there is a positive relationship between adversity quotients with entrepreneurial intentions of entrepreneur women. The research subjects were 100 batik entrepreneur women. The scale used in this study was made based on the aspects of the Theory Planned Behavior (TPB) by Ajzen for the entrepreneurial intention variable and aspects of the Adversity Response Profile (ARP) by Stotlz for the adversity quotient variable. The hypothesis test result using Pearson's product-moment showed a correlation number r of .497 and p = .000 (p < .01). It indicates that there is a significant relationship between Adversity Quotient and Entrepreneurial Intensity so that the proposed hypothesis is accepted. The implication of the research is for encouraging the entrepreneur women to create solution to overcome adversities in developing the business.

Adaptation Strategy of MSME (Micro, Small and Medium Enterprises) Actors in The Middle of Covid Pandemic (Study in Surabaya and Sidoarjo)

This study aims to see the impact of the COVID pandemic on a group of people, namely MSME (Micro, Small and Medium Enterprises) actors. This entrepreneurial sector is known for its flexibility and resilience to withstand all situations and conditions, including during the 1998 monetary crisis. However, during the pandemic, this sector was hit the hardest compared to large companies. This is because the MSME sector in general does not have large savings as part of a precautionary motive. The government actually already has an assistance program for MSMEs affected by COVID. But, of course, MSME (Micro, Small and Medium Enterprises) actors must rise up to help themselves, not only relying on government programs that may have limitations. This study aims to see the strategies of the MSME actors, both economic and social strategies. Researches on the adaptive strategies of economic actors have indeed been carried out frequently. The difference is that the adaptive strategy that will be examined this time is a strategy during the COVID pandemic. Most of the COVID-19 studies have been conducted in the medical or health sector. Because this research was conducted during the pandemic, interviews were conducted through digital technology, namely WA calling or telephone. There were six research subjects who were interviewed, with various product variants produced. Based on the research results, it was found that there are three kinds of adaptation strategies for MSME actors namely: economic strategy, technology strategy and social network strategy.

Critical Criteria of Women-Owned SMES Performance Using Multi-Attribute Decision Making (MADM) of Analytical Hierarchy Process (AHP)

Faced with the vision that Malaysia will become a developing country by 2020, the Malaysian government is promoting the Gross Domestic Product (GDP) growth to be enhanced, while increasing the number of entrepreneurs in different sectors. Increasing the number of women entrepreneurs is one of the government's current initiatives in realizing the vision of being a well-developed country with a competitive economy, sustainable revenue, and stable social structure as a multiracial country.

Digital Marketing & Digital Entrepreneurship During Social Restriction Policy in Indonesia

Although marketing and entrepreneurship are not new concepts, in times of social restrictions due to the pandemic generated by Covid 19, which has limited at least half of the world's population, marketing and entrepreneurship, such as MSMEs, have been significantly impacted. The intensity of consumers and the declining flow of goods and services resulted in a reduction in the income of business actors and a decrease in the flow of goods and services traded. This study discusses marketing and entrepreneurship in the era of social restriction policies. The research methodology uses a qualitative approach with a descriptive method. The results of the study show that the decline in marketing as a result of COVID-19 has caused entrepreneurs who are generally SMEs to transform into digital entrepreneurs by adopting digital technology and digital marketing. . However, in this study, the authors also found that the process of transformation into a digital entrepreneur cannot be done without the support of the government through the promotion of digitalization of the entrepreneurial sector such as the entrepreneurship sector. In general, the conclusion from the entrepreneurial side is that businesses must grow according to consumer needs, namely where they want to go and under any conditions. This is where the need to transform marketing and entrepreneurship into digital entrepreneurship and digital marketing.

DEVELOPMENT OF SMART VILLAGES AS A FACTOR FOR RURAL DIGITAL TRANSFORMATION

The concept of digital transformation, which refers to the use of strategically managed digital technologies to achieve various economic and social goals, is increasingly visible in various development programs of the European Union and Latvia. The aim of the digital transformation is to create a society, economy and public administration that purposefully uses the existing and creates new opportunities of digital technologies, improving the quality of life for every individual and society as well, raising the competitiveness of the country and economy. The National Development Plan of Latvia for 2021-2027 also identifies the further development of digitalization as a pervasive element for all sectors, especially in such areas as innovation and science, education, health care, inclusive society and labor market, infrastructure, regional development, security, as well as also environment and energy. In order to do this, the “Digital Transformation Guidelines for 2021-2027” have been developed, which set out the goals, directions and tasks of the digital transformation policy. One of the basic conditions for digital transformation is a digitally skilled society. To develop the rural environment, including through digital solutions, an initiative supported by the European Commission – ‘Smart Villages’, has been in place since 2016. It is a relatively new concept in EU policy-making and includes a vision for the future of rural areas. ‘Smart’, in the sense of this concept, means the development of new forms of cooperation – between farmers and other entrepreneurs in rural areas, between municipalities, the private and public sectors, and cooperation takes place from the bottom up and from the top down. Smart village strategies can ensure that the digital needs, priorities and capabilities of the rural population are addressed at local level and can help to link these core activities to national and regional digital strategies. The aim of the research is to study the development opportunities of smart villages and their potential in the process of digital transformation of the rural environment. The study carried out an analysis of the rural and regional policies, as well as digital transformation strategic documents. The article also examines examples of the use of digital solutions in smart villages in European countries. The study concludes that the introduction of the concept of smart villages is an effective tool for digital transformation in rural areas, both processes have a common goal and tasks, the most important of which is to take actions to prevent working-age persons from leaving local areas, moving to the capital city Riga or leaving Latvia.

Investigating key dimensions for the development of women-owned enterprises: interpretive structural modeling and MICMAC approach

PurposeWomen-owned enterprises (WOEs) are one of the fastest-growing entrepreneurial sectors in the world. Therefore, this study aims to identify and develop the structural cause and effect relationship among the various strategic dimensions that affect the performance of WOEs in the Indian context.Design/methodology/approachWith the help of the questionnaire survey, the data has been gathered. Further, the experts’ opinions are considered, which is followed by interpretative structural modeling and the impact matrix cross-reference multiplication applied to a classification (MICMAC) approach to explore the 13 dimensions associated with the development of WOEs such as work–life balance (WLB), entrepreneurial learning (EL), competencies, social identity (SI) and culture.FindingsWLB and support of financial institutions are the dominant independent dimensions and EL and competencies have emerged as dominant dependent dimensions, which impact the development of WOEs. The other linkage dimensions are experience, entrepreneurship education and training, SI, government, non-government organizations, family, friends, culture, role models, etc.Research limitations/implicationsThis conceptual model can be validated for any type of WOEs in India and in other countries.Practical implicationsThrough this study, the academicians, decision-makers and policymakers must become aware of the importance of each dimension and their relatedness with each other, which provides the direction for designing and implementing appropriate policies to enhance the growth of WOEs.Originality/valueThis is the foremost research that provides an interpretive structural conceptual model to develop a map of the complex relationships and magnitude among the identified dimensions of WOEs.

Impacts of COVID-19 on the finfish aquaculture industry of Bangladesh: A case study

The COVID-19 outbreak, and the onset of a new normal, has shocked every entrepreneurial sector in Bangladesh including the burgeoning aquaculture sector. To unpack the COVID impacts on finfish aquaculture, two online based surveys were performed in Mymensingh, Bangladesh using structured questionnaires with 40 farmers to assess the economic feasibility of aquaculture farming, and 120 middlemen of the supply chain to unpack market instability. This was followed up with a further open-ended survey done with 120 consumers to gain a clear view of the marketing insights. Our study has revealed that COVID has resulted in a squeeze on profit for the finfish farmer and has opened up inequalities within the supply chain. Benefit-cost ratio analysis of farming reveals that although carp and other catfish farming remain close to the break-even level, pangasius and tilapia farming was potentially putting the farmers in debt. Whilst the consumers are now paying higher prices for pangasius and carp, and slightly reduced prices for tilapia and other catfish, the finfish farmers were receiving less profits. By contrast, the middlemen have increased their selling prices, presumably to offset increased costs and maintain profitability. To compensate rising operational costs and reduced income, farmers have reduced labor costs through reduction in number of staff and their wages. However, this compensation tool risks frustrating working-class people in rural areas and posing huge socio-economic burdens. Finally, the economic difficulties and a lack of support to process fish imposed by COVID restrictions have switched consumer’s attitudes regarding fish as their protein source preference.

Unit Cost Calculation for Low Calorie Diet Packages to Support the Nutrition Installation Entrepreneurship of UGM Academic Hospital

Background: Nowadays, people have the awareness to maintain weight and to eat healthy diet. However, people prioritize practicality in preparing food due to the limited ability to prepare healthy food. Nutrition Installation in Universitas Gadjah Mada Academic Hospital has the potential to become a profit center by developing an entrepreneurship sector, specifically by providing a healthy catering services. To organize a good healthy catering services, preparations need to be done, including those related to human resources, equipment, operating systems, and to-be-applied tariffs. Objective: The purpose of this study was to determine the unit cost of the low-calorie diet package, the product of the entrepreneurship sector of Nutrition Installation. Design: Descriptive research with quantitive approach. This research was held at the Nutrition Installation in UGM Academic Hospital from June to November 2019, with the research steps conducted: 1) Identifying the details of the low-calorie diet package, 2) Identifying the direct cost consisting of direct non-overhead cost and direct overhead cost, 3) Identifying the indirect cost, 4) Calculating the unit cost. Results: The unit cost for a low-calorie diet package is IDR 70.553 per portion consisting of lunch, snack, assessment, and nutritional consultations per package. Conclusions: The unit cost obtained from this study can be used as the basis to determine the tariff for the hospital’s Nutrition Installation’s healthy catering services.

Entrepreneurship and self-employment for mature-aged people

Not only do Australian mature-aged entrepreneurs contribute $11.9 billion per annum to the Australian economy in over 379,000 businesses, they launch approximately 14,000 new businesses each year and actively contribute to fiscal, social, health, and active ageing outcomes in their communities. Thirty-four per cent of all young businesses in Australia are now led by mature-aged entrepreneurs, identifying mature-aged entrepreneurship as the fastest growing sector of entrepreneurship. This study is the first of its kind to examine mature-aged entrepreneurship in Australia using five pragmatic and embedded case-study examples. Aligning to Cartensen's sociomotional selection theory, we adopted an interpretivist philosphical framework of emergent enquiry action research. The paper includes benefits and challenges associated with mature-aged entrepreneurship, including contextual and theoretical foundations. We provide policy and research recommendations to enhance the development of a dedicated entrepreneurial ecosystem for mature-aged people.

Зарождение и этапы становления среднего и малого бизнеса в северном регионе

The analysis of statistical indicators of the development of the business sector in the Tyumen region allowed us to assume the activity of a dynamically developing segment of the regional economy. Entrepreneurship in the region is characterized by stabilization and strengthening of positions in the regional market as a result of effective adaptation of the sector in the conditions of macroeconomic instability.
 Operating in a large sector of the regional economy, small businesses provide the domestic consumer market with the necessary goods and services, maintain a high level of competition, create jobs, are an active participant in investment and innovation processes in the region and contribute to increasing the share of the middle class in society.
 However, the history of the origin and formation of the entrepreneurial sector of the Tyumen region is not uninteresting, which is what this article is devoted to.

BEYOND THE MARGINALIZATION THESIS: AN EVALUATION OF THE PREVALENCE, CHARACTER AND MOTIVES OF INFORMAL SECTOR ENTREPRENEURS IN KOSOVO

The conventional depiction of the prevalence, character and motives of informal sector entrepreneurs, here termed the ‘marginalization thesis,’ has been that informal entrepreneurs are a small, insignificant minority of all entrepreneurs, are more likely than formal entrepreneurs to belong to marginalized groups and are more likely to be necessity-driven entrepreneurs. To evaluate critically this marginalization thesis, evidence is here reported from a 2017 survey of entrepreneurs in Kosovo. This reveals that 42.5 percent of entrepreneurs are informal entrepreneurs, that only some characteristics of marginalized populations are more prominent among informal than formal entrepreneurs (e.g., low educational level, deprived households) but others are not significantly associated (e.g., gender, age, ethnicity), and that although informal entrepreneurs are more likely than formal entrepreneurs to be necessity-driven, only fourteen percent of informal entrepreneurs are purely necessity-driven. The outcome is a call to recognize the prevalence of informal sector entrepreneurship, the heterogeneous groups engaged in informal entrepreneurship and the existence of opportunity-drivers among informal entrepreneurs. The theoretical and policy implications are then discussed.

CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING: INTEGRATED POLICY

Abstract. The project of the International Accounting Standards Board that updates and develops international accounting standards (IASB) has been lasting more than twenty years. In Ukraine, International accounting standards were adopted as the national standards for business and public sectors. The article analyzes the Conceptual Framework for Financial Reporting for the business sector entities, compares it with the Conceptual Framework for financial reporting for the public sector entities, and the current requirements of the Ukrainian legislation in the field of accounting and financial reporting. The necessity of creating a single Conceptual Framework for financial reporting, based the needs of information users, is substantiated. The relevant International Standards for the business sector entities became fundamental for the development of International Public Sector Accounting Standards. The similar needs of financial reports users support this approach. At the same time, part of the IPSAS, and the Conceptual Framework take into account the functional peculiarities of the entities in this sector of the economy. Financial reporting concepts for entities in any sector of the economy determine the aim of financial reporting as that to acquire information concerning the entity. Investors, creditors, other lenders are prior users of financial information in the business sector while society as a whole uses information in the public sector. The Conceptual Framework for the public sector takes into account the peculiarity of this sector of the economy, the main purpose of which is to provide services to society, rather than generating profits and ensuring the return on capital of investors. The common features of financial reporting standards and their Conceptual Framework, taking into account current trends and global challenges, indicate the possibility and feasibility of creating a unified (integrated) Conceptual Framework for Financial Reporting. Keywords: the Conceptual framework for financial reporting, International Financial Reporting Standards for the entrepreneurial sector, International Public Sector Accounting Standards, National Accounting Statements (Standards). JEL Classification M41 Formulas: 0; fig.: 1; tabl.: 2; bibl.: 20.