Business Success Research Articles

THE INFLUENCE OF ENTREPRENEURIAL LITERACY AND DIGITAL LITERACY ON BUSINESS SUCCESS (A Study on SMEs Assisted by the Department of Cooperatives in Biringere Village, North Sinjai District, Sinjai Regency)

Abstract This research intends to examine the influence of entrepreneurial literacy as well as digital literacy on company success (Study on MSME Assisted by the Cooperative Office in Biringere Village, North Sinjai District, Sinjai Regency). The t-test analysis indicates that the entrepreneurial literacy and digital literacy variables have a significant influence on Business Success, thereby confirming the hypothesis. The F-test results indicating that the independent variables have a significant simultaneous influence on the dependent variable. The correlation coefficient analysis (r) yielded a value of 0.793 or 79.3 percent, suggesting a positive relationship where higher entrepreneurial literacy and digital literacy are associated with greater Business Success. The analysis of the coefficient of determination (R²) indicates that entrepreneurial literacy accounts for 55.5% of the influence on Business Success, while the remaining 44.5% is attributed to other factors. The digital literacy coefficient value is 0.449, or 44.9%, indicating that digital literacy contributes 44.9% to the impact on Business Success, while the remaining 55.1% is impacted by external factors.

Customer Insight to Digitalisation and Open-Banking in Nigeria

The business world is experiencing rapid technological integrations. Several innovations have contributed to the success of businesses as the customer continues to play a strategic role in innovation’s acceptance or rejection. Open banking is a disruptive innovation that represents a departure from the traditions in emerging markets where financial inclusion has been focused on the consumer. It is rapidly being adopted in developed economies with developing economies such as Nigeria and India making incursions in adopting the innovation. Its ability to impact the business environment and improve access to financial services depends on customers’ consented data thereby making customers significant to its success. The challenge is on rising data privacy violation and data leakage. The purpose of the study is to examine the determinants of the success of open banking in Nigeria from customers’ perspective. The study is a novel study in Nigeria following the focus of extant studies on application and challenges of the innovation. Cross-sectional survey, case study analysis and close-ended questionnaire were adopted in the study while structural equation modeling was employed in analysing the data. The findings revealed that customers consent to open banking is positively influenced by the direct effects of compatibility and customers’ perception of security and trust. Also, the success of the innovation is impacted by the negative link between perceived access, perceived risk and customers consent to open banking. The significant result of the indirect relationships also justifies the importance of these variables in ensuring the success of open banking in Nigeria. With this, emphasis is on strategic management and policy drives that ensure effectiveness and protection of customers.

Peran Digital Marketing Berbasis Media Sosial Untuk Meningkatkan Volume Penjualan dan Mencapai Keberhasilan Usaha

This study aims to analyse the effect of social media-based digital marketing on increasing sales volume and business success of MSMEs in Banjarbaru City. The problem is focused on the high failure rate experienced by MSMEs, so efforts are needed to increase the sales volume of MSMEs through social media-based digital marketing and achieve business success. The research method used is descriptive research with a quantitative approach. The sample was taken using purposive sampling technique as many as 168 MSME players in Banjarbaru City. Data collection techniques through observation, interviews and questionnaires to MSME actors and by taking references from journals, books and other relevant sources. Data analysis in this study was carried out using descriptive statistical analysis, path analysis, classical assumption analysis, simple regression analysis and partial test (t-test). The results showed that there is a positive influence between social media-based digital marketing on sales volume and business success of MSMEs in Banjarbaru City.

AI-Powered Predictive Customer Lifetime Value: Maximizing Long-Term Profits

In an era where data-driven decision-making is critical to business success, understanding and optimizing Customer Lifetime Value (CLV) has become a strategic priority for companies across industries. CLV, which estimates the total revenue a business can expect from a customer throughout their relationship, is crucial for identifying high-value customers and tailoring marketing strategies to maximize profitability. However, traditional methods of calculating CLV often rely on historical data and linear models, limiting their accuracy and adaptability in a rapidly changing market environment. The integration of Artificial Intelligence (AI) into predictive analytics has brought about a paradigm shift in how businesses approach CLV. AI-powered predictive models leverage machine learning algorithms to analyze vast amounts of data, uncover complex patterns, and make highly accurate CLV predictions. These models can dynamically adjust to changes in customer behavior, market conditions, and other external factors, providing businesses with a more precise and actionable understanding of their customer base. This article explores the transformative potential of AI in predictive CLV modeling, examining the various techniques and data sources that drive these advanced models. We will discuss the strategic benefits of AI-driven CLV, including personalized marketing, optimized customer segmentation, and enhanced customer retention strategies. Additionally, we will address the challenges associated with implementing AI-powered CLV models, such as data privacy concerns, integration with existing systems, and the interpretation of AI-generated insights. Through a detailed analysis of industry case studies, this article highlights the practical applications of AI-powered CLV models in maximizing long-term profits. We will also explore future trends in AI technology and their potential impact on CLV predictions, offering insights into how businesses can stay ahead of the curve in an increasingly competitive landscape. By the end of this article, readers will have a comprehensive understanding of how AI can revolutionize CLV predictions and drive sustained business growth.

Operational Efficiency and Business Organization: A Case Study on Mumbai Dabbawalas

Operational effectiveness is essential for organizational success in the complicated world of contemporary business. This study explores the complex factors that support operational efficiency, with a focus on the Mumbai Dabbawalas—a distinctive, long-standing service that is a prime example of great dependability and efficiency. By looking at the Mumbai Dabbawalas, we may learn about the values and methods that allow them to continue performing brilliantly even under trying circumstances. Operational efficiency is the capacity of a business to provide clients with goods or services in the most economical way possible while maintaining a high standard of quality. In order to increase production and profitability, it entails simplifying procedures, cutting waste, and maximizing resources. The planned arrangement of resources, procedures, and practices inside a business with the goal of accomplishing particular goals is known as business organization. These ideas work together to directly affect customer happiness, market competitiveness, and overall sustainability, making them the cornerstone of any successful business. Understanding and putting into practice basic management concepts like Six Sigma, lean manufacturing, and total quality management (TQM) are key to operational efficiency. While Six Sigma focuses on lowering variability and errors in processes, lean manufacturing concentrates on removing waste and enhancing workflow. TQM places a strong emphasis on customer satisfaction and ongoing improvement. When combined, these approaches have the power to completely change an organization's processes, resulting in increased efficacy and efficiency.

ORGANIZATIONAL CULTURE - THE PATH TO A SUCCESSFUL CORPORATION

The essence of every successful business organization is reflected in a good organizational culture, particularly for organizations that operate through a network of branches and subsidiaries. The modern business environment is characterized by dynamism and uncertainty, making organizational culture one of the ways to develop and strengthen the uniqueness of successful operations. Through norms, customs, and an ingrained value system, an organization shapes the thinking and collaboration of its employees. This paper presents an analysis of the organizational culture of a bank branch, utilizing the Organizational Culture Assessment Instrument (OCAI) model for this purpose. Its mission is to provide an overview of the existing and preferred type of organizational culture. The goal is to identify and analyze the characteristics of the organizational culture within the bank's branch using the OCAI model and highlight elements that require further consideration or potential corrective measures.

Penilaian Keberhasilan Usaha Industri Mikro Kecil Menengah Makanan Ringan Kota Sukabumi dengan Importance Performance Analysis (IPA)

This research aims to determine the assessment of the success of small and medium-sized snack food industry businesses in Sukabumi City. The samples were taken from 50 Snack Food UMKM/IMKM registered with the Sukabumi City Cooperatives, Industry and Trade Service. The method used in this research is descriptive qualitative methods. The research results show that based on Importance Performance Analysis (IPA), two attributes have been identified that must be prioritized, such as having the ability to grow the business (management, financial, administrative, sales skills, creating competitive products), and being oriented towards the future (Vision and Mission, business goals). In addition, the sub variable of business success based on Importance Performance Analysis (IPA), that must be prioritized is the Education sub variable.

Navigating the entrepreneurial landscape: The interplay of government support and self-efficacy in entrepreneurial education

Building upon the core concept of Ajzen's Theory of Planned Behavior, this study aims to investigate the dynamic relationship between Entrepreneurial Education (EED) and business success, considering the mediating roles of Government support and entrepreneurs' self-efficacy beliefs. The study collected data from a sample of 300 small business owners in the Peshawar district of Pakistan, utilizing adapted constructs and analyzing the data through measurement and structural modeling using Smart PLS. The results reveal a significant positive association between EED and business success among business owners. Similarly, Government support is found to play a role in fostering a culture of EED among these business owners. When examining mediating factors, Government support is shown to mediate the relationship between an individual's EED and their business success, whereas it does not significantly mediate the relationship between an individual's Entrepreneurial Self-Efficacy (ESE) and business success. Conversely, Entrepreneurial self-efficacy is identified as a potential mediator between EED and business success. However, it does not mediate the relationship between Government support and business success. Based on the findings, it is concluded that government support significantly contributes to shaping the relationship between Entrepreneurship Education (EED) and business success within the SME sector in developing countries. Likewise, the self-efficacy of business owners is identified as a pivotal individual element that positively influences business success in various circumstances. The study suggests that the SME sector in developing countries can thrive with the support of government initiatives promoting Entrepreneurial Education.

The Transformation of Kizukai Habitus on Asian Trainee in Japan: Striving and Competition of Labor Market in ASEAN

In the 1990s, Japan faced a severe economic downturn known as the "Lost Decade." To address labor shortages and strengthen economic and political ties with developing nations, the Japanese government has initiated a trainee program to provide individuals from developing countries in Asia with the opportunity to gain work experience in Japan for three years. The research aims to explore the impact of Japan's trainee program on participants who left Japan between 2000 and 2010. Specifically, it investigates how these individuals adapt to Japanese society through the concept of ‘kizukai’ (empathy and concern for others) and examines their success in establishing businesses in their home countries. The research employs an ethnographic approach, utilizing direct interviews and a literature review. The ethnographic method, utilizing direct interviews with former trainees, offers qualitative insights into their social adaptation, business success, and engagement with Japanese cultural practices, enriching the understanding of their lived experiences. The literature review complements this by providing a theoretical framework, particularly Bourdieu's theories of habitus, field, and capital, to analyze the changes in trainees' behaviors and their impact on business practices. The research finds that many trainees have successfully integrated into Japanese society by internalizing Hiroyuki Inoue's concept of kizukai. This integration plays a significant role in their entrepreneurial success upon returning to their home countries, where they establish prosperous businesses. The findings suggest that while the trainee program has shortcomings, it contributes to strengthening international economic relations and offers lessons for improving future trainee programs.

The Influence of Capacity Building on Small-Scale Agro-Processors in South Africa: Lessons for Agricultural Extension Advisory Services

This paper examines capacity building from the perspective of business growth and success in small-scale agro-processing enterprises. Our analytical approach was underpinned by the inability of small-scale agri-enterprises to grow and succeed despite the South African government's support for capacity building through the economic empowerment programme initiative in the past three decades. The study was conducted in five of nine selected South African provinces (Gauteng, Limpopo, North-West, Free State, and Mpumalanga). This study was essential for developing an effective strategy for enhancing agri-business growth and success in South Africa. A concurrent mixed-methods research design was used, and data from 503 small-scale agro-processors was analysed using descriptive and multiple regression analysis techniques. The results revealed that capacity building (β = 0.274, p = 0.000) significantly influences the economic empowerment of small-scale agro-processors. Furthermore, the study showed that mentorship and technical and financial skills are critical types of capacity building that influence the economic empowerment of small-scale agro-processors in South Africa. It is recommended that all government or private stakeholders, including agricultural extension advisory services, invest in capacity-building programmes for small-scale agro-processors to achieve economic empowerment. Economically empowered small-scale agro-processors will significantly contribute to employment creation and better income distribution.

Women in business: The impact of digital and financial literacy on female-owned small and medium-sized enterprises

The growth of small and medium enterprises (SMEs) shows a positive trend and has even become a major highlight in the national economic landscape. Moreover, most of these businesses are owned by women. Examining how digital capability and financial literacy and a dynamic environment affect the success of female-owned small and medium-sized enterprises in Indonesia is the main goal of this study. Financial and digital capability are examined as mediators between performance and these factors. The study used a causal explanatory research approach. The data in this study were collected through questionnaires. This research surveyed 100 female-owned small and medium-sized enterprises in Indonesia’s food and beverage, herbal and pharmaceutical, fashion, and craft industries. Partial Least Square (PLS) analysis was utilized in this work as an analytical tool. The study reveals that financial literacy significantly enhances SMEs` performance by improving resource management. However, a dynamic environment alone does not impact performance unless supported by other competencies. Financial competence does not strengthen the effect of financial literacy, indicating it may not be sufficient for success. Conversely, digital competence is crucial, mediating the relationship between a dynamic environment and SMEs` performance. Therefore, SMEs with strong digital skills are better positioned to adapt and thrive, making digital competence key to sustained business success.

Maggot Cultivation Business Development Strategy at the Siliwangi Unit Waste Bank

Research on maggot farming business development strategies is still relatively limited. This research is important because it provides recommendations for business strategies that can maximize the development of the company's business. The Black Soldier Fly (BSF) larval cultivation business at the Siliwangi Unit Waste Bank has the potential to grow bigger. Business strategy provides sustainable planning to manage resources comprehensively and identify conditions for achieving future business success and gaining maximum profit. This research was conducted at the Siliwangi Unit Waste Bank, Bogor City, which was selected purposively because the BSF larval cultivation activities there have the potential to be developed further. This research uses quantitative and qualitative data sourced from primary and secondary data. Primary data were collected through surveys and direct observations by researchers, while secondary data were obtained from institutional reports, journals, books, news articles, and other library sources. Internal environment (IFE) and external environment (EFE) analysis were conducted to identify factors that could influence business success. The results of this analysis were used in the Internal-External Matrix (IE) which produced three main strategies: Growth, Stability, and Reduction Strategies. These strategies are the basis for developing the maggot cultivation business at the Siliwangi Unit Waste Bank.

Pengaruh Knowledge Management, Entrepreneurial Orientation terhadap Keberhasilan Usaha Warung Makan Ramesan di Kota Salatiga

In a business, business success is something that needs to be considered because it is important for business people and is directly related to the economy of society as a whole. The aim of this research is to examine the influence of knowledge management and entrepreneurial orientation on the success of the Ramesan food stall MSME business in the city of Salatiga. The research is quantitative and uses descriptive research. The population is 80 SME business people in Ramesan food stalls around the city of Salatiga. The number of samples used in this research is the same as the population sampled through purposive sampling, and has been selected based on criteria. Data collection was carried out by distributing questionnaires. The research results reveal that the variables knowledge management and entrepreneurial orientations partially have a positive effect on the success of the Ramesan Food Stall business in Salatiga City. This page is in English Translate to Indonesian AfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBengaliBulgarianCatalanCroatianCzechDanishDutchEnglishEstonianFinnishFrenchGermanGreekGujaratiHaitian CreoleHebrewHindiHungarianIcelandicIndonesianItalianJapaneseKannadaKazakhKhmerKoreanKurdish (Kurmanji)LaoLatvianLithuanianMalagasyMalayMalayalamMalteseMaoriMarathiMyanmar (Burmese)NepaliNorwegianPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanSimplified ChineseSlovakSlovenianSpanishSwedishTamilTeluguThaiTraditional ChineseTurkishUkrainianUrduVietnameseWelsh Always translate English to IndonesianPRO Never translate English Never translate ekonomis.unbari.ac.idTRANSLATE with x EnglishArabicHebrewPolishBulgarianHindiPortugueseCatalanHmong DawRomanianChinese SimplifiedHungarianRussianChinese TraditionalIndonesianSlovakCzechItalianSlovenianDanishJapaneseSpanishDutchKlingonSwedishEnglishKoreanThaiEstonianLatvianTurkishFinnishLithuanianUkrainianFrenchMalayUrduGermanMalteseVietnameseGreekNorwegianWelshHaitian CreolePersian // TRANSLATE with COPY THE URL BELOW Back EMBED THE SNIPPET BELOW IN YOUR SITE Enable collaborative features and customize widget: Bing Webmaster PortalBack//

Pengaruh Entrepreneurial Mindset dan Entrepreneurial Competence dalam Keberhasilan Usaha Kuliner Bakso Salatiga

The Covid-19 pandemic phenomenon has affected the world economy, especially the economic conditions in Indonesia. This pandemic has caused an increase in unemployment rates due to mass layoffs in order to reduce employee costs by companies during the pandemic. The micro, small and medium enterprise (MSME) sector is one of the responsibilities that society plays in economic growth. An important factor in Indonesia's economic expansion is the MSME sector. Ideas, opportunities, and business people or entrepreneurs are key components of the success of MSMEs or companies. This research aims to identify the relationship between entrepreneurial competence and business success, as well as the impact of entrepreneurial mentality. The research results found that simultaneously and partially the entrepreneurial mindset and entrepreneurial competence variables had a positive effect on the success of profits in the Salatiga Meatball Culinary business.

Factors Influencing Customer Satisfaction in Online Shopping Among Non-Resident Students of UiTM Cawangan Terengganu

People nowadays prefer to do their purchasing online. Customers like to purchase on the internet because it is more convenient than traditional shopping, which is often associated with anxiety, crowdedness, traffic jams, limited time, and parking space, among other things. In Malaysia, the number of internet users has increased, and online shopping has become a growing trend. Therefore, this study will look into the elements that influence customer satisfaction with online buying among university students. Product quality, brand, and shopping experience are three aspects that contributed to this study. The survey approach was utilized in this study, and 364 respondents answered questionnaires. Questionnaires were distributed to non-resident university students to determine the elements that influence their decision to shop online. The researcher employed both the online survey and manual method to obtain data. Statistical Package for Social Science (SPSS) and Microsoft Excel were used to analyze the data gathered. According to the findings, product quality, brand, and shopping experience all have a significant impact on non-resident university students' satisfaction with online shopping at UiTM Cawangan Terengganu. In summary, the findings of this study are essential for building a successful, sustainable, and competitive business. They provide actionable insights that can lead to improved customer retention, increased revenue, and a stronger brand reputation.

Determinants of Patient Loyalty: A Systematic Review

ABSTRACT Patient loyalty is the key to business success for healthcare providers as well as patient health outcomes. This research aims to identify factors that determine patient loyalty using a systematic review study. Articles published in the last 5 years in Proquest, Google Scholar, and PubMed databases were systematically reviewed. Eight articles that met the inclusion and exclusion criteria were selected for further review. Findings regarding the determinants of patient loyalty to healthcare organizations were systematically synthesized. Publications on factors that determine patient loyalty to screening health care providers and 20 articles were included in this study. Twenty articles explore 14 determinants of patient loyalty such as patient satisfaction, quality, value, hospital brand image, trust, commitment, CRM, patient experience, service delivery, relationship marketing and word-of-mouth (WoM), CSR, perceived value, implementation of innovation, and environmental services. This review identified and modeled the determinants of patient loyalty to healthcare providers. Further research should consider extending this research to general hospitals, clinics and health centers. clinics and health centers to identify the most dominant factors of interest. Keywords: Health Services, Patient Loyalty, Systematic Review

Women leaders in logistics for the economy 5.0

The complexity of the technologized socioeconomic reality poses a number of challenges for today's managers. Many times their actions are a test of their leadership. A particularly interesting area of research in this regard is the logistics sector, which so far has been regarded as typically male and which has been undergoing a transformation in favor of an increasing representation of women for some years now. The authors sought to answer questions such as: what qualities, skills and competences will enable women working in logistics to pursue their careers and achieve their goals in the face of the challenges of a 5.0 economy. The aim of the article is to identify those leadership skills and competences of women in logistics that predispose them to lead on their way to business success in enterprises. In the research process, mixed research methodologies were used, combining the results of secondary source analysis obtained from Scopus and Web of Science databases with information obtained from a quantitative survey based on the CAWI diagnostic survey method. The analyses resulted in a model of an exemplary image combining traits, skills and competencies, as well as attributes of effectiveness, which may be helpful for women in shaping their leadership position in the management structures of companies in the logistics industry. The resulting material complements the existing body of research on the role and importance of women in business including, in particular, the inclusion of women in logistics. The main strength of the work is to identify areas that women should improve in order to increase their participation in managerial positions in the logistics industry.

Application of GWO-attention-ConvLSTM model in customer churn prediction and satisfaction analysis in customer relationship management

Customer Relationship Management (CRM) is vital in modern business, aiding in the management and analysis of customer interactions. However, existing methods struggle to capture the dynamic and complex nature of customer relationships, as traditional approaches fail to leverage time series data effectively. To address this, we propose a novel GWO-attention-ConvLSTM model, which offers more effective prediction of customer churn and analysis of customer satisfaction. This model utilizes an attention mechanism to focus on key information and integrates a ConvLSTM layer to capture spatiotemporal features, effectively modeling complex temporal patterns in customer data. We validate our proposed model on multiple real-world datasets, including the BigML Telco Churn dataset, IBM Telco dataset, Cell2Cell dataset, and Orange Telecom dataset. Experimental results demonstrate significant performance improvements of our model compared to existing baseline models across these datasets. For instance, on the BigML Telco Churn dataset, our model achieves an accuracy of 95.17%, a recall of 93.66%, an F1 score of 92.89%, and an AUC of 95.00%. Similar results are validated on other datasets. In conclusion, our proposed GWO-attention-ConvLSTM model makes significant advancements in the CRM domain, providing powerful tools for predicting customer churn and analyzing customer satisfaction. By addressing the limitations of existing methods and leveraging the capabilities of deep learning, attention mechanisms, and optimization algorithms, our model paves the way for improving customer relationship management practices and driving business success.

Quality Management Systems and Service Delivery in Parastatals in Kenya: A Case Study of Kenya Plant Health Inspectorate Service (Kephis)

Total quality management is becoming more widely recognized due to businesses' efforts to provide high-quality goods and services. Government parastatals are confronted with various challenges due to shifting dynamics, such as inadequate legal and regulatory frameworks, subpar corporate governance, and unfavourable public perception. The main objective was to examine quality management systems and service delivery in Kenya. The investigation was guided and anchored by the following theoretical pillars: The study's fundamental anchor theory is Deming's Theory of Quality Management, which was backed by institutional theory The study employed a descriptive research design with a population of 300 as its target. Stratified random sampling was used to select a sample size of 171 people. Data was gathered through surveys. The quantitative data was analyzed using SPSS. The data was displayed using tables. The relationship between the variables was demonstrated using inferential statistics. Some ethical guidelines were considered to direct the research investigation throughout the study period. The relationship between quality services and service delivery had an R2 = 0.499, which indicates that a shift in quality services may be responsible for 49.9% of the variation in service delivery, and an R2 = 0.642, which indicates a strong positive association between quality services and service delivery. basic relationship between quality control and service delivery (R = 0.595) with an R2 value of 0.431. This means that to improve performance, businesses should be aware of their clients' requirements, meet their needs now and in the future, and aim to surpass their expectations. KEPHIS's management should think about incorporating quality service principles within the organization's divisions and departments. To ensure successful quality services and business success, KEPHIS should set up their quality management systems by ISO standards. More research can be done to broaden the study's focus to include other industries or look at how public, private, and SMEs are implementing the findings. Furthermore, knowledge generation processes can be integrated with a company's internal and external operations through quality management.

The role of data science in transforming business operations: Case studies from enterprises

Data science has emerged as a pivotal force in transforming business operations across various industries, driving innovation, operational efficiency, and strategic decision-making. This review paper explores the multifaceted role of data science in business, examining key concepts, historical integration, and strategic advantages. It discusses the application of data science in diverse business domains, highlighting techniques such as predictive analytics, sentiment analysis, and optimization that have revolutionized marketing, supply chain management, finance, and customer service. The paper further analyzes data science's tangible and intangible benefits, including cost reduction, improved customer experience, and enhanced productivity, which collectively contribute to a competitive edge in the market. The paper reflects on emerging trends like artificial intelligence, machine learning, ethical data practices, and the integration of blockchain and IoT, which are set to shape the future of data-driven business operations. It offers recommendations for businesses to prepare for this evolving landscape, emphasizing the importance of a data-centric culture, robust infrastructure, and collaboration. The paper concludes by underscoring the critical role of data science in fostering sustained business success in an increasingly data-driven world. Keywords: Data Science, Business Transformation, Predictive Analytics, Operational Efficiency, Artificial Intelligence, Strategic Decision-Making.