Business World Research Articles

Development of the Perceived Maverick Leadership Scale: Generation Z Sample

The starting point of this study is the question of what Generation Z expects from business life, which has become one of the topics of curiosity in today's business world with the involvement of Generation Z in business life. In addition, the relationship between maverick leadership, a new concept in the literature, and the expectations of the leaders of Generation Z, who have just stepped into the business world, is one of the reasons for the emergence of the research. In this regard, the aim of the study is to conduct a scale development study to determine how Generation Z employees perceive maverick leaders. In this context, first of all, a literature review was conducted regarding the differences between generations and maverick leadership, then research was conducted on maverick leadership perceived by 385 Generation Z employees. As a result of the research, a valid and reliable measurement tool was developed that can be used to evaluate the maverick leadership perception of Generation Z employees.

CUSTOMER SEGMENTATION AND LIFETIME VALUE PREDICTION

Customer segmentation and lifetime value estimation are two areas of development today. Today, the business world works differently, so machine learning uses different algorithms and different models to increase business efficiency. The value of life measured by its results is the bond between the customer and the company, as well as the value of the customer for the company. The reason for choosing this project is to examine the predictive behavior of future personalization models. From the company's perspective, this model can be very effective in terms of customer relations. Both segmentation and LVP are good for strategy development in business. As the world continues to evolve with major changes in technology, it is only natural to do such a project. LVP has a lot of predictive power when evaluating the customer buying process and choosing the best services to offer to different customers. Current methods for estimating CLV involve developing a model that uses all customer-based inputs. This not only loses the granularity of the data, but also makes the marketing plan less effective from the customer’s perspective. This article focuses on the advantages of intelligently combining small models by focusing on separate models for different customers. This allows companies to effectively use customer data to make informed decisions. Using the data as an example, the proposed multi-project study where the learning experience is shared with relevant groups increases the CLV estimation accuracy compared to using a single model size with some minor modifications. Moreover, the same method reduces the standard deviation of the error when compared with a large sample. Most importantly, when the groups have different data to train, multiple learning models will outperform single-shot models, which is normally considered a more difficult task. These results show that multi-task learning can be more effective than existing business models and can be a better alternative to existing models.

Pengaruh Harga terhadap Keputusan Pembelian pada Ravis Catering di Surakarta

New businesses face their own challenges due to developments in the current business world. Business is currently experiencing a lot of progress due to the emergence of various companies in various fields, both industry and services. The research carried out by the author is a type of quantitative research. 285 Ravis customers were involved in this research. The purposive nonprobability method was used to find samples in this research. Data is provided directly to data collectors by data sources. Data obtained from questionnaires and interviews in this research were processed through the Likert data processing system. Ho is rejected and ha is accepted, according to the t test results, because the price variable is tcount 8.717 and ttable 1.66660. Based on the results of the coefficient of determination table, ho and ha are accepted.

Increasing informal sector business, does the impact of regulatory barriers? evidence from the enterprises survey

This study uses survey data from the 2015 World Bank Enterprises Survey of firms operating in 9 provinces in Indonesia. Barriers to doing business in Indonesia for companies are calculated and ranked, and then qualitative methods are used to complete the discussion. This study aims to provide an overview and basis for these constraints so that the central and regional governments can collaborate in making policies that can support the progress of the business world through identification and mapping out barriers to doing business in Indonesia. The aid results show that the main obstacles to doing business in Indonesia in 2015 were the practices of competitors from the informal sector, political instability, and tax rates. The results of this study indicate that since starting a business in Indonesia, firms have been faced with difficulties in obtaining permits that are not in accordance with applicable regulations. For instance, data processing results show that of the firms that apply for business licenses in Indonesia, only 51.41% obtain operating license issuance services following regulations.

The Nexus of Business English and the Fourth Industrial Revolution: Leveraging Moodle’s Potential to Augment Lecturers’ Pedagogies for Student Support

This article explores the potential of Moodle, a learning management system, to prepare students for success in business English within the dynamic workforce. While e-learning platforms are increasingly adopted, research specifically focusing on Moodle’s integration in business English remains limited. This study aims to bridge this gap through the investigation of the crucial role of lecturers to empower students through the effective use of Moodle. The research objectives include the exploration of lecturers’ perceptions of Moodle’s potential, the identification of strategies to enhance e-learning support for business English and the redefinition of pedagogy to benefit lecturers and prepare students for the Fourth Industrial Revolution. This qualitative phenomenological study utilises email interviews, student feedback, and observations, and applies the community of inquiry theory to analyse the study’s findings. Findings reveal that Moodle holds significant promise in business English to enable lecturers to create engaging and personalised learning experiences. The platform enhances learner engagement and language acquisition to enhance adaptability for future work requirements. Based on the study, recommendations include providing comprehensive training and support for lecturers to optimise Moodle’s features effectively. Through the implementation of the recommendations, institutions can harness the full potential of Moodle and pave the way for a more competent and competitive workforce prepared for the challenges of the modern business world.

Sosialisasi Kewirausahaan pada UMKM Ecoprint KWT Pandan Arum Kjang untuk Meningkatkan Usaha Ekonomi Kreatif di Kelurahan Pajang

Ecoprint KWT Pandan Arum 48 Kjang is one of the entrepreneurial potentials that exists in Kelurahan Pajang. This effort was created at the same time as the Climate Village Race (PROKLIM). But the awareness of this effort and the marketing strategy used is still not optimal, because only through mouth-to-mouth and WhatsApp. Therefore, we strive to provide understanding related to product innovation, waste treatment, as well as the use of digital technology in the world of business, that is, digital marketing. The purpose of the submission is to improve skills, learn how to manage waste properly, and reach a broader market for the entrepreneur Ecoprint KWT Pandan Arum 48 Kjang. We realize these activities through the socialization of entrepreneurship. Thus, through this socialization, it is expected to increase competitiveness, expand the reach of the market, and make Ecoprint KWT Pandan Arum Pajang a sustainable business.

PERAN PROFITABILITAS DALAM MEMODERASI PENGARUH FIRM SIZE DAN LEVERAGE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN TRANSPORTASI DAN LOGISTIK YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2019-2022

Indonesia has entered the era of the industrial revolution 4.0 which is clearly visible with an increase in connectivity, interactivity, and boundaries between humans, machines, and resources on information technology and other communications. Judging from the current business world on the aspect of competition, the Indonesian economy is increasingly experiencing major developments. The transportation and logistics sector has an important role in people's lives driven by the increasing needs of the community for mobility and transportation of goods to all regions. Despite the ongoing economic crisis, transportation services will continue to operate smoothly because people will continue to use them to send goods from producers to consumers, regardless of the conditions in which they work. The purpose of this study was to analyze and test the role of Profitability in Moderating the effect of Firm size and Leverage on Firm value. The population in this study were transportation and logistics companies with 37 companies listed consecutively on the Indonesia Stock Exchange during 2019-2022. The sampling technique was determined by purposive sampling. Data analysis and hypothesis testing using Structural Equation Analysis - Partial Least Square (PLS-SEM). The results of research hypothesis testing using the Smart PLS 3.0 application, show that Firm size has a significant negative effect on firm value, Leverage has a significant positive effect on firm value, Profitability does not significantly moderate the effect of Firm size on firm value, Profitability does not significantly moderate the effect of Leverage on firm value.

Exploring the generative AI adoption in service industry: A mixed-method analysis

In the last few years, many service organisations have been exploring the use of Generative Artificial Intelligence (GAI) tools for their businesses and upgrading their existing processes. These tools have the potential and capability to transform the business world in various aspects. However, serval service organisations are facing many challenges while adopting the GAI tools in their organisations. In a similar context, this study explores the adoption of GAI barriers through two studies by a mixed-method approach. The first study is based on YouTube datasets of selected videos where GAI adoption challenges, problems, and barriers were discussed. Further, these YouTube datasets were analysed through text mining and empirical modelling techniques. In the second study, an extensive literature review was done and critical barriers to GAI adoption were identified based on the extensive literature review. Further, these barriers were analysed through three theoretical lenses and a hybrid fuzzy multicriteria decision-making approach. In addition, the results from the first study were further matched and verified with our second study. This establishes the relevance of adopting a mixed-method approach. Our major findings are: (i) trust, anticipation, and surprise emerged as the strongest emotions of the viewers who posted their comments on the YouTube videos; (ii) Five major barriers are revealed through topic analysis of YouTube transcripts and these are ethical, technological, regulations & policies, cost, and human resources; (iii) Six major barriers are identified through second study are privacy & security, return on investment, running cost, misuse, over-reliance, and Lack of digital infrastructure.

IMPROVING WRITING SKILLS IN BUSINESS ENGLISH STUDENTS – THE IMPACT OF ARTIFICIAL INTELLIGENCE BASED TECHNOLOGY

Today, more than ever, effective communication, regardless of the shape it takes, is important for every company’s success. Having as a target the idea of going global, employers search for employees who know exactly how to express themselves in order to be understood efficiently and correctly, constantly ranking writing ability among the most popular skills for business graduates to possess. Nowadays, the global business image needs professionals who possess communications skills, especially writing skills since businesses want to convey their idea, a message, a concept to employees, customers, partners, contractors all over the world. We can think of a lot of reasons why writing skills are important in the business world. As communication technologies and information are having a great impact on all the aspects of the language use, written communication changes, too. The more diffused computer-mediated communications are, the more we witness a modification in the purpose of writing, the genres of written communication and the nature of the audience. For both teachers and students, writing has always been a problematic issue, due to several aspects, among which the most significant ones are: it is more time-consuming, it is not very dynamic, it is not very interactive and therefore, it is more difficult to be integrated in the structure of the course of Business English. The whole picture has changed. One of the most used platforms among students is WhatsApp, being a popular instructional learning medium. The present article is based on research using semistructured interviews, in the qualitative phase, as an instrument for data collection, aimed to find out the students’ perspective towards the use of WhatsApp group in improving their writing ability in English. The sample of the study consists of 45 students at the Faculty of Economic Sciences, University of Oradea, first and second year of study. The author wants to research how today’s technology influences the development of writing skills in Business English students, more exactly the impact of the WhatsApp groups, in the case of the abovementioned students. The elements discussed are the following: tone, simplicity, clarity and concision. The results show that the students feel that their writing skills have improved after a period of using WhatsApp group and benefit during the teaching and learning process. It also shows that it can develop the writing ability of the students. This result is supported by the opinions of the students who gave more good responses than bad ones. Thus, the result shows that the WhatsApp group is one of the most appreciated and appropriate learning platforms for today’s Generation Z.

Legality and Proof of Unwritten Agreements from a Civil Law Perspective

Introduction: Making agreements in Indonesia can be done in written and unwritten form. This is in accordance with the principle of freedom of contract in the Civil Code. Unwritten agreements are also very often carried out in the business world because they are more efficient. However, unwritten agreements are problematic because they are very difficult to prove in civil court.Purposes of the Research: There are 2 (two) objectives in this research, namely first, to analyze the legal strength of unwritten agreements from the perspective of civil law books and second, to analyze evidence in civil courts for cases of breach of contract in unwritten agreements. Then to find the right legal solution in resolving default problems in civil court.Methods of the Research: The research method used in this research is normative juridical. This method uses literature study techniques. The type of data used comes from primary data, namely the Civil Code and legal principles, namely freedom of contract. then the secondary legal material used is in the form of previous research articles which examine the validity of unwritten agreements.Results of the Research: Based on the research results, it was found that unwritten agreements have binding legal force. However, in reality it is very difficult to prove it in court because evidence in civil law comes from written letters. Therefore, the solution that can be offered is the need for preventive and repressive legal efforts.

Implementasi Sistem Informasi Dengan Menggunakan Enterprise Resource Planning (ERP) Odoo di PT. XYZ Purwodadi

In the current technological era, information technology has an important role in the business world. However, there are still companies that have not utilized information technology. PT. XYZ Purwodadi, is a motor vehicle sales company (dealer) that still does all work manually. This has resulted in problems for the Company, especially in terms of obtaining information, where it takes longer because the data contained in the Company has not been integrated. Then, there is the possibility of problems resulting from negligence by employees, such as data that is forgotten to be entered into the Company's data records. The Enterprise Resource Planning program was created to try to overcome the problems that occurred at PT. To overcome the problems found in the Company, a Critical Path Method (CPM) function was created to support the Company's business processes in carrying out project management. To measure the success of implementing the Odoo ERP program, user satisfaction analysis was carried out using the Doll and Torkzadeh (1998) method. From the results of the analysis of the implementation of the Odoo ERP program in the Company, it can be concluded that the Odoo ERP program has had a good impact on fulfilling the Company's needs well and quickly.

NAVIGATIONAL DYNAMICS IN THE DIGITAL AGE: DIGITAL LEADERSHIP AND E-LEADERSHIP IN ORGANIZATIONAL TRANSFORMATION

Today's business world is highly dynamic, volatile, uncertain, complex, and ambiguous (VUCA). It is driven by ever faster, more efficient, and more numerous technological advances. Digital technologies have a huge impact not only on how an organization works but also on its business model. This has led to fundamental changes in the nature of leadership as well, from the underlying traditional forms of leadership to modern forms of leadership. In this context, the ability to successfully navigate these new technological waves has become an essential challenge for leaders. The digital transformation of organizations in the digital era marks the need for a holistic and integrative approach to the concepts of digital leadership and e-leadership, which are becoming a priority for organizations in their desire to remain competitive and successful as long as possible. The leadership process itself is a predictor of how change is perceived, managed, and integrated within an organization, not just at the surface level but also deep into its structure. This paper explores in detail the concepts of digital leadership and e-leadership, examining their importance and how they act to ensure that organizations are effectively guided through the digital transformation process, advancing with digital technologies. The research method is bibliometric analysis to mark the synapses between the two concepts and their network with other key notions. The main conclusion of the paper is that digital leadership and e-leadership are integral and complementary; they act together, without putting a sign of equality between them, to ensure the success of organizations in addressing the new technological requirements and disruptions encountered in their business environment.

Dampak Penerapan Protokol Kesehatan dan Promosi terhadap Keputusan Pemesanan Konsumen pada Hotel Berbintang di Kota Malang

Post covid 19 pandemic is an important issue in the business world, especially in the hospitality sector, the implementation of health protocols is one of the references for consumers' sense of security to stay at the hotel, besides that massive promotions are carried out by hotels to attract consumer interest in making reservations in the post-pandemic era covid 19. This study aims to analyze the effect of implementing health protocols and promotions on booking decisions for star hotels in Malang city. the method used is purposive sampling, with 120 respondents. the test used is multiple linear regression. The results showed that the health protocol variable had a positive and significant effect on booking decisions for star hotels in Malang city, then the promotion variable had no effect on booking decisions for star hotels in Malang city. The F test shows that the health protocol and promotion variables have a positive and significant effect on booking decisions for star hotels in Malang city

BOARD GENDER DIVERSITY AND SUSTAINABILITY REPORTING TO PRESERVE THE NATURAL ENVIRONMENT: PAST, PRESENT, AND FUTURE RESEARCH

In recent years, “Sustainability Reporting (SR)” has become an essential trend in the business world, recognising the importance of sustainability in supporting long-term growth and corporate social responsibility. Likewise, “Board Gender Diversity (BGD)” has become increasingly relevant, with research showing its positive impact on corporate sustainability practices and financial reporting. Through two keyword analyses, we found a connection between the two concepts, but the qualitative review still needed to be improved. Using a systematic literature review method focusing on articles published between 1998 and 2023. A total of 64 relevant articles were selected from the Scopus database. Analysis was carried out using software such as VOS-Viewer and Biblioshiny via RStudio. The findings of this review are based on previous research, which found an increase in articles related to BGD and SR, especially after 2015. We also succeeded in identifying high-performing journals, publishers, and articles. In the context of the current research, there is a conceptual framework that includes various theories that explain non-financial reporting themes and classify them into several perspectives. Meanwhile, future research directions are identified by providing added value for researchers interested in this research topic.

E-contract Consensus in Indonesian Contract Law

Introduction: In the era of Society 5.0, the use of IT in implementing agreements in Indonesia is inevitable. The development of e-contracts, becoming increasingly necessary in society, is demanding the business world's attention. Particularly in Indonesia's Treaty Law, the concept of consensual e-contracting emerged, suggesting that even in the absence of direct meetings, parties could still realize an agreement through the e-contract. Purposes of the Research: This study aims to analyze and describe the existence of e-contract consensus in contract law in Indonesia from the point of view of contract theory. Methods of the Research: This specific type of investigation is doctrinal law research, which endeavors to uncover the truth by employing legal principles, foundational doctrines, and doctrinal law as supporting material. This work utilizes an inductive methodology, first presenting specific assertions and then drawing a general conclusion from them.Results of the Research: One of the legal prerequisites for an agreement is consensus. The study's findings indicate that legislative regulations in Indonesia have incorporated e-contract consensus into contract law. We apply Uitings theory, Verzending theory, and Ontvangs theory as agreement theories to determine the existence of e-contract consensus. The legislation contains provisions that specifically address the maintenance of electronic transactions. In general, it establishes that an electronic transaction has taken place when the parties to an electronic contract (e-contract) issue a statement of acceptance of an offer.

The Effect of E-Commerce, Tax, Supervision, and Tax Audit on Value-Added Tax Revenue (Case Study on Kudus Regency Taxpayers)

Internet technology has a huge influence on the world economy. More economic activities are carried out using internet media. Seeing the potential for the development of e-commerce has made business people dive into the digital world. The explosion of e-commerce is about the attraction of the business world and the state represented by the tax authorities, in this case, the Directorate General of Taxes, Central Java Regional Office in Kudus Regency. In line with the government's proposal to tax e-commerce as a source of state revenue and expenditure, awareness of the important role of e-commerce in the current digital-based business environment requires collaboration between relevant stakeholders to strive for a climate and mechanisms that encourage the development and growth of e-commerce, trade and protect the activities that take place therein. This research used a questionnaire on 185 Kudus district taxpayers registered on the marketplace using 25 SPSS data analysis. E-commerce is proven to have an influence on value-added tax revenue. Tax supervision has been proven to have an influence on Value Added Tax Revenue. The audit proved that taxes have a positive effect on value-added tax revenues. The research results show that all variables used have a positive effect on value-added tax revenues.

Execution of Fiduciary Guarantee at Consumer Finance Institutions

Motor vehicles are a staple need today, so that the existence of consumer finance companies is very much needed by the community, In addition, the high level of need for consumptive goods and the limited ability or purchasing power of most people to buy in cash make consumer finance institutions so much in demand by the community, so that consumer finance institutions (consumer finance) is quite active in supporting the business world in Indonesia, both for new motorcycles and for used motorcycle units as well as financing furniture and electronic goods. Consumer financing activities are carried out by providing installment payment options in accordance with the consumer's ability and long term. Problems arise when installment payments are delayed or even to the act of deliberately transferring the vehicle to another party without the approval of the financing institution. When this happens, the financing institution will finally look for its vehicle rather than looking for a debtor who will definitely not pay installments anymore, for that a third party called a debt collector appears who is invited to work together. The pros and cons of using third-party services are what make the author analyze in this study, because often the use of third-party services will also cause new problems.

Creating Beginner Student-Preneurs Through Human Resource Investment

The independent entrepreneurship program is a program initiated by the Ministry of Education, Culture, Research, and Technology aimed at students who have an interest in the world of business, and provides students with the opportunity to be part of this independent entrepreneurship program. Independent Learning Campus Policy (MBKM). Muhammadiyah University of Makassar as one of the implementing campuses has collaborated in the last few years in implementing this independent entrepreneurship program. This can be seen as an important effort to invest in more specific human capital that will prepare and encourage students to enter the world of economics, especially entrepreneurship. The type of research used in this research is a qualitative approach. The collection technique uses tri-angulation, data analysis is inductive and qualitative, and the results of qualitative research emphasize meaning rather than generalization (Sugiyoni, 2011). The unit of analysis in this research is the individual as an informant. The informants in this research are employees, some of whom have certain positions to fulfill several informant criteria in this research, namely informants who have been working for a long time, informants who are willing to provide information regarding the research object, informants who are directly involved in all activities of the independent entrepreneurship program. The data analysis technique for this research uses a qualitative descriptive method, namely presenting data in written form and explaining what it is according to the data obtained from the research results. The results of this research invite students to be more practical through the process of providing entrepreneurial mindsets and competencies, developing and creating business concepts, entrepreneurial practices and development. Opportunity to study outside campus to develop knowledge in the field of entrepreneurship. This program will also provide benefits for students to get credit recognition from a series of activities carried out amounting to the equivalent of 20 credits.

The Influence Of Environmental, Social, Governance (ESG) Pillars And State Ownership On The Company's Debt Costs

Topics related to environmental, social, and governance are currently interesting to research because the importance of sustainability principles in the business world is increasingly recognized. This research investigates the influence of the ESG pillar and state ownership on the cost of debt in non-financial companies. The analysis was carried out on public companies in emerging Asian countries during the period 2016 to 2023 using panel data regression. Using various theories such as agency theory, stakeholder theory, and signaling theory, this research proves that state-owned companies with better ESG scores have lower debt costs. An unexpected finding is that the social pillar has a positive effect on the cost of debt. For the environmental pillar, although it is negatively related to the cost of debt, the effect is not significant. Meanwhile, the governance pillar has a significant negative influence on the cost of debt in accordance with agency theory. It is hoped that the results of this research will contribute to providing insight to stakeholders, especially managers and company owners, regarding the role of ESG and state ownership in the magnitude of corporate debt costs

Breaking Barriers: A Comprehensive Study on Financial Literacy Impacting Women Entrepreneurs' Financial Behavior

Several studies have shown that financial literacy is crucial in the business world. Those who are more financially literate tend to manage debt and investment better. Hence, financial literacy is paramount for entrepreneurs, particularly women entrepreneurs, to assist them in their daily transactions. The study explores the link between financial literacy and financial behaviour among women entrepreneurs in Ilocos Norte, Philippines. The study employed a quantitative research design and analyzed survey data collected from 377 women entrepreneurs using structural equation modelling to explore the relationship between financial literacy and financial behaviour. The data collected revealed that women entrepreneurs have sufficient financial literacy. Furthermore, the findings showed that financial behaviour is positively influenced by financial literacy, as demonstrated by linear regression analysis.