Young Business Research Articles

The relationship between business regulation and nascent and young business entrepreneurship revisited

The relationship between business regulation and nascent and young business entrepreneurship revisited

Why externalize failure? Social goals, engagement and self-handicapping in the concern of eastern cultural community

During this COVID-19 pandemic, the community, especially students, experienced anxiety due to the uncertainty that occurred. To cover it up, self-handicapping is the most common option. People in the eastern culture, such as Indonesia, prefer to achieve social achievement (SAch) goals than academic achievement (AAch) goals in motivation. This study aims to examine the model of the relationship between SAch goals with adaptive and maladaptive outcomes. This study used 904 respondents who filled out a questionnaire that had been tested for validity and reliability using confirmatory factor analysis and internal consistency respectively. The respondents of this research were young business practitioners who were studying in college. The results of the correlation test confirm the results of previous research that SAch goals consist of three interrelated but independent dimensions, so that students can pursue these three goals. Academic engagement also has two correlated dimensions, while self-handicapping has two uncorrelated and even contradictory dimensions. The results of testing the relationship model using a two-stage structural equation modeling approach further strengthen that behavioral self-handicapping was maladaptive. Social development goals (SDevGs) produced adaptive outcomes, while social demonstration goals (SDemGs) produced maladaptive outcomes. Eastern culture prefers did not make mistakes than showed social competence by appearing popular and having many friends. Need a curriculum that includes activities that encourage the achievement of social goals and feel an attachment to academic activities but minimizes behavior that externalizes failure.

Study a model to evaluate the leadership capacity of young business leaders in Quang Binh province

The objective of this study is to study a model to evaluate the leadership capacity of young business leaders in Quang Binh province. Through primary and secondary data collection methods and expert methods, the article assessed the current situation of developing young enterprises in Quang Binh, and at the same time identified the necessity of criteria for assessing leadership capacity of young business leaders in Quang Binh province, thereby proposing the attitude-skill-knowledge (ASK) model for assessing the capacity of young business leaders in Quang Binh province. The proposed ASK - LOYQB (Leader of young business in Quang Binh) model includes 27 criteria, in which creativity criteria (quality groups), knowledge criteria on leadership, business management (knowledge groups), decision-making skills criteria, the criteria of relationship-building skills, and the criteria of listening skills (skill groups) are the most necessary criteria to evaluate the leadership capacity of young business leaders in Quang Binh province. This research is an important basis to improve the quality of human resources of enterprises, entrepreneurs, and start-up, contributing to the successful implementation of the resolution of the Quang Binh Provincial Party Congress, session XVII, term 2020-2025.

Pengendali Persediaan Barang Menggunakan Metode Single Exponential Smothing Untuk Peramalan Penjualan

CV. Usaha Muda Materials is a company engaged in the distribution of wood, cement, iron and other building materials. Frequent errors in data collection of purchases and sales lead to disinformation in the distribution of goods. Prediction is a process for estimating how many needs in the future which include needs in terms of quantity, quality, time and location needed in order to meet the demand for goods or services. Prediction of the number of inventory items can be calculated using exponential smoothing, Exponential smoothing is often called Exponential Smoothing, exponential smoothing method is a prediction with a moving average technique where data weighting is weighted with an exponential function. The research methodology has steps that are used to solve problems that arise. The problems that occur in this study are regarding the prediction of CV. Young Business Materials using the Single Exponential Smoothing method. Prediction results are obtained by finding the constant value (alpha) with the smallest error using the Mean Squered Error (MSE), Root Mean Squred Error (RMSE), Mean Absolute Error (MAE) and Mean Absolute Percentage Error (MAPE) methods. The results of this study using Single Exponential Smothing have obtained predictions of 132 rods for January 2022. Based on the prediction accuracy test using the Mean Squered Error (MAE) method with a value of 3.01, Mean Squered Error (MSE) with a value of 18.18, and MAPE (Mean Absolute Percentage Error) obtained an error accuracy value of 9% using a weighted value of (alpha) 0.3. So this research can be taken into consideration for CV. Young Business Materials as an evaluation and appropriate decision making in order to minimize the risk of losses due to errors in the management of business capital.

The Impact of COVID-19 on the Landscape of Young Firms with a Public Sector Orientation

Emerging research on the impact of COVID-19 – a sudden, extreme global economic and societal shock – suggests that young businesses are especially vulnerable to the pandemic due to their small size, resource constraints, and limited experience. We leverage comprehensive longitudinal databases tracking over 200,000 young businesses with a revealed preference for interacting with the U.S. federal government. We define this population of young firms as having a public sector orientation. Our analyses of the COVID-19 outbreak’s impact as an exogenous shock on this population unpack three main discoveries. First, we discover sizable shifts in overall trends in firm features and formal commercial relationships with the federal government. Second, we observe a greater tendency for this population of firms to provide services and support to the federal government rather than seek services and support from the government. Third, we discover firms that successfully engaged with the government captured additional financial benefits during the pandemic, measured by the amount and number of federal resource inflows. Thus, amid the COVID-19 crisis, we observe a silver lining of strategic opportunity amongst young firms with a distinct feature – having a public sector orientation. We discuss the theoretical, managerial, and policy implications of our empirical findings.

Impact of ICTs on Innovation and Performance of Firms: Do Start-ups, Regional Proximity and Skills Matter?

Managers need to better understand how information and communication technologies (ICTs) lead to informed decisions about the investment and advantages of such technologies. However, at best, the empirical evidence on the business value of technology is mixed in relation to small firms. A total of 43 firms satisfied the study’s definition of start-ups. The final survey included 54 questions on access to and use of ICTs, innovation, firm characteristics, as well as the participants’ demographics, of which 11 factors were analyzed as part of this study. We found compelling evidence to support the positive effects of ICTs on firm-level innovation and performance based on the primary survey data of 270 small and medium enterprises (SMEs) operating in an Australian regional area. Moreover, we found that ICT strategies and skills are important factors that drive innovation and the overall performance of SMEs. In addition, various conditions, such as an agile workplace culture and international trade, can help firms improve their performance. Young businesses, particularly start-ups with ICT skills, show an improved innovation capability. However, remoteness appears to influence innovation negatively for nascent firms. Thus, managers should focus on improving ICT skills, strategies, and networking that help facilitate tangible ICT investments to foster innovation and growth.

Critical Factors and Performance Measurement of Business Incubators: A Systematic Literature Review

Business incubators (BIs) are important supporters for young businesses, since they provide firms with physical facilities and intangible support. Existing literature reviews focusing on BIs have neglected to consider individual factors in their success in favor of combining key performance measurements to identify their development targets. This systematic literature review thus aimed to combine studies that examined specific issues pertaining to BI performance and related key performance indicators to measure their activities. We conducted a systematic literature review based on two research questions: the first research question concerned critical factors for BIs’ performance; the second concerned their performance measurements. To ensure that we covered crucial factors and indicators of the latest generation of BIs, our systematic procedure included 74 studies published between 2005 and 2020 that were read in full and revealed ten critical factors that particularly emphasized financial resources and networking. We identified six categories for performance measurement, placing the greatest emphasis on the measurement of social capital. We recommend that academic researchers and BIs prioritize the intangible factors that constitute organizations’ hidden value. This review thus provides novel findings by identifying common critical factors for BIs’ performance and offering guidelines for performance measurement that consider BIs’ intangible assets and trends for future studies.

Business History in Europe

Abstract This article examines the working conditions of young business historians in Europe, looking at both the demand and the supply side of the junior job market. It is based on responses to a questionnaire submitted to all the participants in the European Business History Association (EBHA) Doctoral Summer School, and on a database of the positions offered in BH (or related fields) from 2016 up to 2020. The analysis brings to light several problems connected with the precariousness of the job market and the shortage of opportunities. Even so, young scholars’ job satisfaction is generally high overall, though less so in Southern Europe.

Challenges faced by young business professionals in using English as a language of work: Piloting a long interview guide

The present study reports on the piloting of an interview study designed as the first phase of an exploratory sequential mixed methods research project (Creswell, 2014). The aim of the project is to explore the difficulties and challenges young business graduates face when they start work in an international environment. The interview study was designed to increase the depth of the analytical categories to be investigated in the quantitative phase. The primary aim of the pilot study is to reveal the weaknesses of the research instrument and the way in which the interviews were conducted so that the quality of the interview guide could be improved. The pilot study also contributes to the development of the researcher’s expertise, and since in the qualitative research paradigm the researcher acts as a research instrument (McCracken, 1988), to the trustworthiness of the inquiry (Patton, 2002). The results show that the piloting process contributed to the improvement of the researcher’s interview skills regarding the use of planned and floating prompts (McCracken, 1988), as well as the interviewer’s ability to manufacture distance (McCracken, 1988). Moreover, the piloting process provided information as to how the interview guide should be modified to elicit the richest possible data.

What business students really need: Pragmatic strategies used by young business professionals in a multilingual environment

When fresh business graduates enter the world of business, they often work in a multicultural and multilingual environment where the shared language is English, that is, they use Business English as a lingua franca (BELF). In such work environments they are expected to function as professionals in English as well as in their mother tongue. However, being able to collaborate with other non-native speakers (NNS) of English and to work effectively with them requires the use of pragmatic strategies that help achieve mutual understanding. The aim of the present paper is to report on the findings of a qualitative piece of research which pursued the goal of exploring how young business professionals communicate in English at work, the pragmatic strategies they employ and the challenges they face when they communicate with people from all over the world. The findings of the interview study confirm research findings reported in literature that language users in BELF contexts use several pragmatic strategies to overcome linguacultural differences, such as paraphrasing, repetition and striving to use clear and simple language. The research has also shown that learning to communicate in an appropriate way is a gradual process that novice members of the international business community go through, and that the more experienced members are more aware of the need to develop their pragmatic competence. The paper aims to contribute to a better understanding of what Business English (BE) courses need to focus on to help future business professionals cope with BELF communicative situations at work.

Model Pembangunan Inkubator Wirausaha Syariah Perguruan Tinggi di Palembang

Abstract Entrepreneurship has existed since ancient times, and the Prophet Muhammad ﷺ exemplified business, buying and selling, and expanding business opportunities. Economic development has as one of its objectives the provision of employment opportunities to anticipate labor force growth that exceeds job opportunities and creates new job opportunities. Some factors determine this. To begin, population growth is typically greater than capital growth. Second, the demographic profile is younger, which means that a more significant number of people are entering the workforce. Thirdly, the industrial structure, which is characterized by a lack of economic diversification and an insufficient level of population skills. Additionally, entrepreneurial activity is still low, and new young businesses have not been particularly active in starting a business opportunity that can be created and run after they graduate from college, which has an effect on a country's level of entrepreneurial growth among youth.

Transnational identification processes: An association of young business leaders

This article raises the question of how organisational identification emerges at distance and across cultural contexts. The question is explored in an empirical study of identification processes among Moroccan members of an international association that assemble young leaders and entrepreneurs in small- and medium sized companies. On the basis of a narrative analysis of interviews, observations, and documents, the article illustrates two mutually reinforcing identification processes: One is based on face-to-face social interaction with likeminded peers locally; another is imaginary in the sense that the Moroccan members envision members in other countries to be like themselves and what they aspire to become. This contributes to crosscultural management literature in three ways: first, the study adopts a transnational lens that shows the need to go beyond a national perspective and to explore identification at the intersection between the global and local; second, the study draws on concepts of imagined community (Anderson, 1983) and community of sentiments (Appadurai, 1996) to conceptualise the imaginary part of the identification processes, which transcends locality. Third, the study contributes methodologically by showing how the distinction between translocal and local narratives allows to analyse the interplay between an imagined transnational community and a local face-to-face community.

Exploring the Possibilities for Increasing the Level of Communication between Young Entrepreneurs and Business

With the development of technology, there is a growing need to improve communication between young entrepreneurs and businesses. The ability of these two groups to communicate effectively with each other would rebuild the poor communication between them and help establish a more efficient and sustainable relationship. The paper based on a research into the opportunities to increase the level of communication between young entrepreneurs and businesses, endeavors to propose a set of guidelines for their improved communication and cooperation.

The Use of Online Media as A Means of Marketing Communication for Msmes in Bandung

The change in human mindset in marketing products departs from the rapid development of communication and information technology, and at this time the world leads to online services. This study departs from the initial observations of researchers related to MSMEs in The City of Bandung which is so much accompanied by good government attention. UMKM data recorded in the office of micro and medium enterprises cooperatives in the city of Bandung amounted to 6140 people, thus showing that the city of Bandung became the center of young business people. The number of MSMEs that are so much needed a proper and effective marketing communication so that the products offered can be in demand by consumers. Departing from some of these images this research reveals the marketing methods of MSMEs, and describes the form of marketing communication of MSMEs through online media. Based on the theme raised in this study, researchers set the research method using qualitative method with deskrptif approach. The results of this study describe that marketing methods are done online and offline, from these two methods online marketing is considered more effective because it can reach consumers widely with relatively affordable promotional costs. The form of marketing communication of MSMEs is seen based on the type of business, but in general hamir is the same as giving information about the advantages of products offered, and differences with similar products.

The Use of Online Media as A Means of Marketing Communication for Msmes in Bandung

The change in human mindset in marketing products departs from the rapid development of communication and information technology, and at this time the world leads to online services. This study departs from the initial observations of researchers related to MSMEs in The City of Bandung which is so much accompanied by good government attention. UMKM data recorded in the office of micro and medium enterprises cooperatives in the city of Bandung amounted to 6140 people, thus showing that the city of Bandung became the center of young business people. The number of MSMEs that are so much needed a proper and effective marketing communication so that the products offered can be in demand by consumers. Departing from some of these images this research reveals the marketing methods of MSMEs, and describes the form of marketing communication of MSMEs through online media. Based on the theme raised in this study, researchers set the research method using qualitative method with deskrptif approach. The results of this study describe that marketing methods are done online and offline, from these two methods online marketing is considered more effective because it can reach consumers widely with relatively affordable promotional costs. The form of marketing communication of MSMEs is seen based on the type of business, but in general hamir is the same as giving information about the advantages of products offered, and differences with similar products.

Upshots of Intrinsic Traits on Social Entrepreneurship Intentions among Young Business Graduates: An Investigation through Moderated-Mediation Model

Social entrepreneurship has recently become a much-desired area of research for academia, practices, and policymaking. Natural or cognitive personal thoughtfulness like loving-kindness meditation (LKM) and compassion trigger individual intentions towards the social entrepreneurial venture. In this process of individual social entrepreneurial intention personality trait plays a very vital role, such as entrepreneurship resilience. For this study, a purposive sampling technique was incorporated and data was collected from 631 business and management sciences students. Data is analyzed by SPSS 23 and for the hypothesis testing, we used the bootstrap analysis of Hayes PROCESS v3.5. This study depicts that LKM has a positive significant impact on compassion and no significant impact on social entrepreneurship intentions while resilience strengthens the direct relationship of compassion with social entrepreneurship and the indirect relationship of LKM with social entrepreneurship via compassion. This study contributes to solving the economic and social problems over the globe especially by boosting the LKM and resilience traits so that the young graduate commence social entrepreneurship. This study helps the academician and policymakers to adopt strategies through which they can encourage youth to indulge in social entrepreneurial ventures solve the social problem and decrease unemployment.

The Life Cycle of Businesses and Their Internal Organization

We document new stylized facts on the occupational mix of businesses in the United States and how their internal organization evolves over their life cycles. Our main empirical finding is that younger businesses have fewer hierarchical layers and lower span of control than comparable older businesses do. Our results suggest that businesses become simultaneously more hierarchical and increase their managerial span of control over their life cycles. We show that this pattern is not entirely driven by selection or differences in size and is pervasive across cohorts and sectors.

Aditya Gandhi and Gandhi jewels: earning a place in the family business (Part A and B)

Learning outcomes Part A – to identify the challenges of inducting and nurturing next-gen leaders, to outline the building blocks for the successful induction of the next generation into the family business and to spell the importance of mentoring conversations as a tool for successful induction in the family business. Part B – to define the basic tenets of effective communication-goal setting, planning and action using the goals, plans and action framework, to build a “listening” environment through understanding the hearing, understanding, remembering, interpreting, evaluating, and responding mode and to relate the importance of “questioning” in diagnosing a problem and reading both verbal and non-verbal cues in communication. Case overview/synopsis The two-part case describes the role of communication amongst young family business scions and a mentor’s role in shaping such communication. Part A traces the induction of Aditya Gandhi, a fourth-generation scion of Gandhi Gems and Jewels, a 110-year old Indian family business dealing in precious gems and jewels. It deals with the challenges of mentoring and successful induction of the next-generation into family business Part B of the case describes the communication between Aditya Gandhi and the proprietor of Gandhi Gems and Jewels’ key client, Ghanshyam Das. It deals with the tenets of effective communication as should be understood by young next-generation family members. Complexity academic level The case can be used in an executive programme for owners of family businesses or in an undergraduate or post-graduate programme in general business administration or family business management. Supplementary materials Teaching Notes are available for educators only. Subject code CSS 11: Strategy.

Utilization of Social Media Marketing By Young Business Players in Binjai City in Developing Customer Equity

Various lines of business and marketing in all dimensions of the world have been digitized, the use of social media by business actors has had a major influence in introducing their products more effectively and efficiently, the role of social media in increasing sales and building communities is more targeted than conventional media use. This research study aims to analyze the use of social media by young entrepreneurs in the variable consumption, curation, creation and collaboration with customer equity in young entrepreneurs in Binjai City. The methods used were questionnaires and interviews as well as direct field surveys. The results obtained state that social media Instagram or Facebook is preferred compared to others as a means of promotion for business people, women entrepreneurs prefer Instagram. From male entrepreneurs. The results also show that the use of social media in marketing has a positive and significant effect on customer equity in young entrepreneurs in Binjai City.

A Study on Awareness and Opinion towards Social Entrepreneurship among Youngsters

Social entrepreneurship is derived through entrepreneurship that can also be called social changes through innovative ideas which collaborate business interest and social awareness, entrepreneurship not only considered on monitory profit it should also include social benefits, awareness towards this social entrepreneurship should develop the attitude to help social changes, it is important to know youth awareness towards social entrepreneurship which will enable the healthy development of Indian economy, in this study researcher objective is to measure the level of awareness among youth towards social entrepreneurship. Ninety-eight samples were collected from young business studies students from various colleges in the Madurai district. SPSS software has been used to find statistical inference.