International Journal of Professional Business Review
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Analyzing Factors Driving Economic Growth in Indonesia Using the Autoregressive Distributed Lag (ARDL) Model
Get PDFPurpose: This research aims to determine the effect of foreign direct investment (FDI), inflation, and employment on Indonesia's economic progress from 1990 to 2021.
Theoretical framework: The theoretical literature on the influence of foreign direct investment on economic growth offers two distinct approaches. On the basis of the preceding theoretical explanation, it can be determined that inflation is a continuous increase in the price of goods and services over a given period, not just for a single item.
Design/methodology/approach: This study uses the ARDL (Autoregressive Distributed Lag) model. Various model and method have been carried out for empirical studies of economic development; analysis Vector Auto Regression
Findings: According to the findings, inflation has a considerable and negative impact on Indonesia's long-term economic growth. At lags 2 and 3, FDI has a big advantageous influence on the Indonesian economy but has a significant negative impact in the long run. Over time, employment has no substantial and negative impact on economic growth.
Research, Practical & Social implications: According to this study, the Indonesian government should continue controlling inflation and establishing a more conducive investment climate to boost economic growth.
Originality/value: This study reveals that the inflation component has a large and negative impact on Indonesia's economic growth over the long term. Long-term inflation increases can support economic growth in Indonesia
Preparing and Developing the Capabilities of Entrepreneurs in the Digital Age
Get PDFPurpose: This discussion highlights the significance of preparing for and adapting to the digital era. Rapid shifts in technology, communication, and business models necessitate a high degree of readiness and resilience.
Theoretical framework: This fundamental review of existing concepts and theories serves as a roadmap for developing the arguments you will implement in this work.
Design/methodology/approach: The discussion also provides strategic recommendations for organizations aiming to thrive in the digital landscape, emphasizing the integration of technology and data, the cultivation of a learning and adaptive mindset among employees, and the promotion of a culture that encourages change and creativity
Findings: The rapid changes in technology, communication, and business models make preparedness and flexibility crucial. The conversation underscores the importance of developing necessary capabilities such as the use of digital technology, analytical thinking, and effective planning and management in human resources
Research, Practical & Social implications: Furthermore, the importance of Corporate Social Responsibility (CSR) in the digital era is highlighted. Businesses are encouraged not just to focus on profit-making, but also to consider their environmental, social, and societal impacts. By establishing responsible and sustainable business practices, organizations can build trust with consumers and society at large, enhancing their brand image and potentially leading to long-term success. By incorporating CSR principles.
Originality/value: In addition, continuous learning and upskilling in the digital era are of utmost importance. As technology evolves at an unprecedented pace, the skillsets required in the workplace are also rapidly changing. It is therefore critical for businesses to invest in digital skills training and provide employees with opportunities for continuous learning. This not only prepares employees to adapt to changes in their current roles but also equips them with the skills needed for the jobs of the future
Linking Ethical Leadership to Employee Creative Performace: The Role of Leader-Member Exchange and Work Engagement
Get PDFPurpose: The purpose of this research is to investigate the mediating role of leader-member exchange (LMX) and work engagement in the relationship between ethical leadership and creative performance.
Theoretical framework: The study is based on the theoretical foundation that ethical leadership positively influences creative performance. It further posits that this relationship is mediated by both leader-member exchange (LMX) and work engagement.
Design/Methodology/Approach: Data for this study was collected from a Vietnamese service firm, with a sample comprising 78 leaders and 354 employees. The collected data was analyzed using structural equation modeling (SEM) to examine the proposed relationships.
Findings: The findings of the study indicate a significant and positive correlation between ethical leadership and creative performance. Additionally, the study reveals that ethical leadership exerts an influence on both leader-member exchange (LMX) and work engagement, which subsequently enhance employees' demonstration of creativity in their work.
Research, practical & social implications: This research sheds light on the mediating mechanisms through which ethical leadership impacts creative performance. The findings highlight the importance of fostering positive leader-member relationships and promoting work engagement in order to enhance employees' creative behaviors. Practically, the study suggests that organizations should prioritize the development of ethical leadership qualities to foster a creative work environment. Moreover, the research contributes to the broader social implications by emphasizing the significance of ethical leadership in promoting creativity and innovation within organizations.
Originality/Value: This research contributes to the existing literature by examining the mediating role of leader-member exchange and work engagement in the relationship between ethical leadership and creative performance. The study provides valuable insights into the mechanisms through which ethical leaders can enhance creativity in the workplace. The findings of this research contribute to the understanding of the importance of ethical leadership and its impact on organizational outcomes, thereby adding to the originality and value of the study
Office Management Competencies Model Based on Industrial Perspectives
Get PDFPurpose: this paper’s purpose is to explore competencies that should be acquired by graduates according to industries that they will work for. This study also proposes a model for competencies for office management aspect in industries and the categorization of these competencies and activities based on not only the education background but also the management level in an organization.
Theoretical framework: The literature used in this study consists of many sources. However, we emphasize on the work description that is required in office management (Hollis-Turner; 2015 and Maynard; 1967).
Design/methodology/approach: We gathered several cross-sectional articles on office competencies, and we also collected primary data through interviews with three experienced professionals in offices. We use critical systems heuristics to structure the answers, as well as construct the model of office competencies.
Findings: The results of this research are two folds. First, the exploration of office management field competencies has several discrepancies between industrial perspectives and what are taught at the university or school, including soft skill competencies that should be given when graduates were still in school or university. Second result is the model is constructed that has significant contribution for the academic and industrial aspects.
Research, Practical & Social implications: We would suggest that academic world would learn and adapt from the model constructed to avoid future misconception on office competencies. In the future, more office research will enrich the resources to determine the curriculum especially in office management.
Originality/value: The result of this study emphasizes that while office can be changed into virtual offices, the competencies to run an office are still needed. Hence, this study shows the perspective from industries in Indonesia that can be used for curriculum redesign in universities and schools
The Impact of Outsourcing Model on Supply Chain Efficiency and Performance in Smes: A Case of the Hospitality Industry
Get PDFPurpose: The study's main goal was to determine the impact of outsourcing models on supply chain efficiency and SMEs' performance in the hospitality industry. The qualitative research design was used to achieve the objectives.
Theoretical framework: Outsourcing model is one of the key business trends experienced in the contemporary business sector. Outsourcing is an organizational operational approach in which a corporation hires a third party to perform planned or ongoing obligations. Whatever the case may be, it entails the transfer of people and assets from one business to another. The approach is concerned with establishing answers to the whys and how’s of the research question.
Design/methodology/approach: Secondary data was entirely used to assess the research questions. Articles were obtained from the selected databases comprising Google Scholar, Science Direct, Scribed, Scopus, JSTOR, and DOAJ using the keywords. The PRISMA framework was used to appraise the articles and only 13 met the critical. Data was synthesized and analysed using the thematic approach.
Findings: Outsourcing models have contributed significantly in enhancing the efficiency of the supply chain. Additionally, SME’s have portrayed improved performance after adopting the outsourcing models. This is closely associated and reflected by complimenting resources and capabilities, access to better and qualified personnel, high quality products and services, competitive prices and cost reduction.
Research, Practical & Social implications: The incorporation of outsourcing models in hospitality industry is a mandatory exercise in the contemporary business sector Nevertheless, the strategy is instrumental in enhancing supply chain efficiency and improving the entire performance. In addition, outsourcing models are key trends in hospitality industry thus all the market should incorporate the conforming strategies to avoid stiff completion.
Originality/value: The findings suggest several consequences forth fields of Outsourcing Model on Supply Chain Efficiency and Performance in SMES. Although outsourcing models are associated with multiple benefits, the implementation should be guided by expert depending on the model. Also, a link should be established between the research objectives, outsourcing model and strategic management
The Effect of Financial Ratios, Firm Size, and Cash Flows from Operating Activities on Earnings per Share
Get PDFPurpose: The study aims to examine the effect of Financial Ratios, Firm size, and Cash Flows from Operating Activities on Earnings per Share.
Theoretical framework: Earnings per share are one of the crucial matters of concern to dealers in securities because of their important role in evaluating investments and the risks surrounding them. Since earnings per share are affected by several factors.
Design/Methodology/Approach: The study sample consisted of industrial companies listed on the Palestine Exchange during the period 2016–2020. Secondary sources were used to collect study data.
Findings: The results of the study showed that there is a statistically significant effect of each company's size and financial leverage on stock returns. However, the results of the study showed that there was no statistically significant effect for each of the liquidity and operating cash flows on the returns per share.
Research, practical & social implications: We can consider that financial ratios, return on equity, debt to equity, price to book value, and cash flow from operating activities altogether affect earnings per share.
Originality/Value: The results of this study provide evidence for stakeholders to be able to judge the efficiency of firms by understanding the factors that affect the size and stability of earnings per share
Urgency of Reform Asset Forfeiture Model of Narcotics Crime in Investigation
Get PDFPurpose: The Narcotics Law as a foundation in law enforcement to eradicate illicit drug trafficking, is not effective enough in tackling narcotics crime, because the legal paradigm adopted in the narcotics law is oriented towards imprisoning the perpetrator (follow the suspect), while the assets resulting from narcotics crimes continue to be used for narcotics trafficking and distribution. The problem is what is the urgency of renewing the model of asset forfeiture from narcotics crimes? What is the ideal model of asset forfeiture from narcotics crimes?
Design/Methodology/Approach: The research method used is a normative approach and empirical approach sourced from primary data and secondary data. Primary data is obtained by means of field studies and interviews while secondary data is obtained by means of literature studies. The data that has been collected is analyzed qualitatively.
Findings: The urgency of updating the model of seizure of assets resulting from narcotics crimes must receive attention in criminal law policy, this is because the current mechanism is not adequate and even tends to use assets as an instrument of illicit drug trafficking, which should be maximized for the rehabilitation of drug addicts and abusers. The future model of asset forfeiture in relation to the renewal of the investigation for asset forfeiture of narcotics crimes is a model of asset forfeiture without punishment. This model is known as in rem forfeiture, or also known as civil forfeiture, and NCB asset forfeiture. The NCB model is essentially a suit brought against assets, not against persons. The action is separate from the criminal court, but only determines that the assets have been tainted by the criminal offense
Employees’ Resilience, Organizational Culture and Sustainable Performance of Tertiary Hospitals in Oyo State, Nigeria
Get PDFPurpose: The study examined the role of employees’ resilience and organisational culture in the sustainable performance of tertiary hospitals in Oyo State, Nigeria, it examined the nature of relationship that exist among employees resilience level, organisational culture and sustainable performance; examined the influence of employees resilience level on sustainable performance; determined the impact of organisational culture on tertiary hospitals sustainable performance; investigated the moderating role of organisational culture in the relationship between employee resilience level and tertiary hospitals sustainable performance; and examined the impact of medical personnel resilience on patient satisfaction in tertiary hospitals. The conditions of the health workers in Nigeria necessitated this study in order to draw the attention of policy makers and tertiary hospitals Management to the need of coming to the aid of health workers in terms of improved services.
Theoretical framework: The aim of employees’ resilience in the tertiary hospital is to ensure effective performance of the health workers and for them to be able to withstand or recover quickly from difficult conditions in the world of works. Noting that they experience serious stress as a result of the mass relocation of health workers in Nigeria to the western world for greener pastures which therefore put pressures on the ones on ground and finding it difficult to cope with the rigor of work. The study proffers solutions to the difficulties being experience by the health workers. When compared with the developed countries, health workers welfare are well taken care of which the reverse is the case in Nigeria.
Methodology/Design/Approach: This study adopted quantitative design through a survey approach to answer the research questions raised. Questionnaire was made use of to gather data. The data collected were analyzed using descriptive and inferential statistical techniques of Social Package of Social Sciences, The population of the study comprises of two (2) sets of respondents which are Medical Personnel and Patients, 338 Medical Personnel and 50 patients were given questionnaire and wee returned.
Findings: The outcome of the findings indicated that employees’ resilience level has a statistically significant positive and low correlation with sustainable performance ( ). Moreover, employees resilience has a statistically significant positive correlation with organizational culture ( ). In addition, organizational culture had a positive and statistically significant relationship with sustainable performance ( ). The result revealed that organizational culture did not moderate the relationship between employees’ resilience level and tertiary hospital sustainable performance ( ). This implies that organizational culture is not a moderator between employees’ resilience level and tertiary hospital sustainable performance. The results also revealed that patients are satisfied with the communication style of the medical personnel (100%), the explanation mode of the medical personnel (85%), the ways by which the medical personnel relate with them (95%), general relationship (100%), the technical skills of the medical personnel (80%) and awareness of their health issue (100%). The medical personnel are well trained and cultured through their professional ways of discharging their duties to safe lives. It also, charged the Nigerian Government to improve in the working conditions of the health workers.
Research, Practical & Social implications: The study resolves by implication that, employees’ resilience and organizational culture have significant relationship with sustainable performance while employees’ resilience level has a statistically significant positive correlation with organizational culture. Employees’ resilience through contextual and behavioural dimensions do not significant predictors on sustainable performance while cognitive dimension significantly predicts of tertiary hospital sustainable performance. The study also clarified that organizational culture is not a moderator of the relationship between employees’ resilience and tertiary hospital sustainable performance. Patients are satisfied with the medical personnel service delivery in these tertiary hospitals. It recommends among others, that medical personnel’s behavioural and contextual dimensions of employees’ resilience should be further enhanced by hospital stakeholders, especially the management to enhance sustainable performance.
Originality/Value: The study added value to body of knowledge because its implications both practical and social affirmed that without creating enabling environment, organizational culture, the level of employees’ resilience is advanced and better and appropriate management strategies, organizational culture that will meet up with its optimization level in terms service delivery and effective welfare of health workers should be put in place from time ti time. The study as recommends that medical personnel’s behavioural and contextual dimensions of employees’ resilience level should be further enhanced by hospital stakeholders, especially the management to enhance sustainable performance
The World Mushroom Market and Brazil’s Role: Industrial Integration as a Key for Competitiveness
Get PDFPurpose: In this article we presented the main aspects of world mushroom market emphasizing the major opportunities for Brazil producers.
Theoretical framework: A recent market research shows that it is foreseen to increase significantly from 2018 until 2026 with a compound annual growth rate of 6.41%. China is the major player in the world mushroom market and their products with low prices are gaining space in the Brazilian market resulting in problems to national producers.
Design/Methodology/Approach: The article was designed via bibliographic survey of international publications with scientific recognition using Scopus, Web of Science and Scholar Google. Books and recent news also were used as a source of information. Topics researched were mushrooms, world mushroom market, Brazilian mushroom market e the use of spent mushroom substrate (SMS) in industrial chain.
Findings: One of the most promising opportunities is the integration between agri-food industries and mushroom production via exchange of waste and spent mushroom substrate (SMS) in a circular economy model.
Conclusion: The use of SMS could be the key to reduce the cost of Brazilian mushroom production and, consequently increase its competitiveness, associated with a reduction of environmental impacts of the industrial activities
Impact of Fraud Risk Management and Sustainability of Small and Medium Enterprises in Abuja, Nigeria
Get PDFPurpose: The purpose of this study are to: to assess the effect of fraud risk Management and the sustainability of SMEs in Nigeria; to find out whether there exist relationship between employee’s education and anti-fraud programs among SMEs in Abuja Metropolis, Nigeria; to examine whether there exist relationship between SMEs in Abuja metropolis and anonymous way of reporting suspected violations of the ethics and anti-fraud programs; and to investigate the nature of relationship between fraud incidents and SMEs in Abuja Metropolis, Nigeria.
Methodology: The study made use of survey research design and regression and correlation analysis was used to test the hypotheses raised. The study made use of survey research design and regression and correlation analysis was used to test the hypotheses raised.
Theoretical Framework: this study adopted the model of Carter & Rodgers (2008) which was designed on the basis for organisation to move from a separate thrive to achieve sustainability to a more collaborative approach.
Findings: Thus, the hypotheses of the study were specified in their null form and were tested using multiple linear regression model and Pearson Product Moment Correlation Analysis. The results of the test were evaluated at 5 percent level. After evaluation of the hypotheses, the findings show that Fraud risk Management has significant effect on the sustainability of SMEs in Abuja Metropolis, Nigeria, the present fraud risk management is effective for the sustainability, effective fraud risk management is key for the survival of my SME, and SMEs in Abuja Metropolis are working in compliance with fraud policies, there is a significant positive relationship between employee’s education and anti-fraud programs among SMEs in Abuja Metropolis, Nigeria, there is a strong positive relationship between education of employees on the importance of ethics and anti-fraud programs and provision of anonymous way to report suspected violations by SMEs. Education of employee has positive and significant relationship with fraud incident among SMEs in Abuja Metropolis, there is no significant relationship between SMEs in Abuja metropolis and anonymous way of reporting suspected violations of the ethics and anti-fraud programs.
Conclusion: There is significant relationship between fraud incidents and SMEs in Abuja Metropolis, Nigeria. The therefore recommends that efforts should be made to educate SMEs on how to tackle fraud related risk and SMEs should endavour to share ideas among themselves to enable them properly manage fraud risk