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Forging Paths: A Systematic Review on the Interplay of Government Policies, Technological Advancements, and Business Growth through the Role of Economic Innovation. Riwayadi, Eko; Umran, M. Fankar; Murti, Tri Hesti; Monoarfa, Maya; Waisapi, Jeffry Yuliyanto; Cahyono, Bambang Tri
International Journal of Management and Business Intelligence Vol. 2 No. 1 (2024): February 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijmbi.v2i1.1453

Abstract

The 21st-century global economic landscape is characterized by unprecedented complexity, shaped by the dynamic interplay of government policies, technological advancements, economic innovation, and business growth. This systematic review, anchored in established economic theories such as the Innovation Systems Theory and the Triple Helix Model, seeks to unravel the intricate relationships among these key elements. Findings reveal a consistent pattern where government policies exert significant influence on the pace and direction of technological advancements. Economic innovation emerges as a crucial mediating factor, linking policy influence to subsequent impacts on business growth. Noteworthy themes include the role of regulatory frameworks, the importance of collaboration for innovation, and the varied pathways through which technological advancements contribute to business growth. The alignment of results with the conceptual framework underscores the relevance and validity of the identified relationships. Theoretical implications enrich established economic theories, while practical insights empower businesses to navigate evolving government policies through strategic innovation and adaptability. This systematic review contributes a comprehensive understanding of the interconnected dynamics shaping the contemporary economic landscape, offering a valuable roadmap for informed decision-making and sustained growth.
Enhancing Spare Parts Management through Support Vector Regression: A Case Study in the Service and Maintenance Industry Riwayadi, Eko; Suprajitno, Herry; Miswanto, Miswanto
Moneter: Jurnal Keuangan dan Perbankan Vol. 12 No. 2 (2024): JULI
Publisher : Universitas Ibn Khladun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/moneter.v12i2.866

Abstract

This study investigates the effectiveness of Support Vector Regression (SVR) in accurately predicting spare part usage within the service and maintenance industry, with a specific focus on coolers and freezers. Leveraging historical data from Hutama spanning January 2019 to December 2023, the SVR model successfully forecasts future spare parts demand with remarkable precision. Through rigorous parameter tuning using the grid search with optimization method, the SVR model achieves optimal performance, yielding reliable predictions with MAPE 8.55% and RMSE 9.43. Despite its effectiveness, limitations include the study's narrow focus on coolers and freezers within the service and maintenance sector, potential influences of external factors on prediction accuracy, and assumptions regarding the linear or nonlinear patterns in spare parts usage data.
The Impact Of Innovation To Company Policy Through Operation Research Riwayadi, Eko; Murti, Tri Hesti; Young, Felina C.
Moneter: Jurnal Keuangan dan Perbankan Vol. 12 No. 2 (2024): JULI
Publisher : Universitas Ibn Khladun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/moneter.v12i2.872

Abstract

In the ever-evolving corporate landscape, understanding how innovation influences company policies is significant for organizational success. This research investigates the complicated relationship between innovation—specifically, organizational, technological, and process innovation—and the management of critical policy domains: HR policies, compliance policies, and technological adoption policies. Leveraging surveyed data analysis, this study uncovers profound insights into the dynamic interplay between innovation strategies and policy adaptations. The study's methodology used quantitative data analysis, utilizing surveys and impact ratings to measure the influence of various innovation types on company policies. The analysis indicates that organizational innovation shows substantial influence over HR policies, underscoring the necessity of aligning HR management with the growing culture and structure of organizations undergoing transformation. Technological innovation shows as a significant motivate for adaptations in compliance policies, highlighting the critical importance of policy alignment with dynamic regulatory landscapes. Process innovation, although exhibiting a moderate impact, show cases its practical relevance in enhancing operational efficiency across all policy areas. This research extends existing literature by providing empirical evidence of innovation's multifaceted impact on policies and introduces novel perspectives, especially the influence of technological innovation on compliance policies. The implications of this study contribute in academia and practice alike, emphasizing the significance of proactive policy alignment with innovation strategies. As organizations increasingly harness innovation to remain competitive and adaptive, the research findings offer valuable guidance for optimizing the synergy between innovation initiatives and policy management, ensuring regulatory compliance, and enhancing operational efficiency.
Penetrasi Pasar Dengan Menggunakan Analisis Pestle: Studi Kasus di PT. HSI Cabang Bandung Riwayadi, Eko; Mariatie, Novtri
Action Research Literate Vol. 5 No. 2 (2021): Action Research Literate
Publisher : Ridwan Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (295.295 KB) | DOI: 10.46799/arl.v5i2.85

Abstract

Pada masa pandemi Covid 19, PT. HSI tetap eksis dan berupaya untuk tetap bertahan ditengah kondisi yang tidak menentu. Meskipun pandemi berdampak pada semua aspek, akan tetapi tidak menyurutkan semangat HSI untuk mengembangkan usahanya, salah satunya yakni memperluas wilayah usaha dengan membuka cabang baru di wilayah Bandung. Dalam kegiatan usaha di kantor cabang baru menemukan kendala untuk memperoleh konsumen baru. Hal ini merupakan salah satu faktor yang harus diteliti lebih lanjut khususnya dalam hal penetrasi pasar yang harus dihadapai dan ditanggulangi oleh perusahaan. Oleh karena itu, penelitian ini dilakukan untuk menganalisis strategi penetrasi pasar pada kantor cabang baru HSI di Bandung dan pengaplikasiannya dengan menggunakan digital marketing. Penelitian ini bertujuan untuk menganalisis strategi penetrasi pasar dan faktor eksternal HSI dalam mengembangkan usaha pada pembukaan kantor cabang baru yang berlokasi di Bandung. Penelitian ini menggunakan pendekatan kualitatif dengan menganalisis faktor eksternal menggunakan analisis PESTLE yakni faktor politik ekonomi, sosial, teknologi, hukum, dan lingkungan, serta pengaplikasiannya menggunakan digital marketing. Hasil analisis PESTEL wilayah Bandung Raya menunjukkan hasil yang sangat positif artinya di semua sektor baik politik, ekonomi, sosial, teknologi, lingkungan dan hukum sangat mendukung bagi HSI untuk melakukan penetrasi pasar baru di wilayah Bandung Raya. Bisnis model yang dikenalkan juga sangat menggoda dalam artian sangat membantu bagi UMKM untuk menunjang bisnisnya sehingga terjadi hubungan simbiosis mutualisme. Para UMKM cukup mengeluarkan modal kecil kemudian sudah bisa mempunyai tempat pendingin makanan dan minuman yang selanjutnya untuk dijual. Dengan dukungan media sosial HSI bisa mengoptimalkan strategi pemasarannya secara digital atau digital marketing strategi untuk menjangkau para UMKM di wilayah Bandung Raya dengan semaksimal mungkin
The Effect of International Marketing and Tariff and Non-Tariff Strategy to Business Performance through Nationalism Spirit Riwayadi, Eko; Murti, Tri Hesti; Monoarfa, Maya; Tahjoo, Anastina; Waisapi, Jeffry Yulianto; Young, Felina C
Jurnal Multidisiplin Madani Vol. 4 No. 2 (2024): February, 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/mudima.v4i2.8260

Abstract

In the rapidly evolving landscape of global business, this research investigates the intricate interplay between international marketing, tariff and non-tariff strategies, nationalist spirit, and their collective impact on business performance. Employing a cross-sectional quantitative design within the Indonesian context, the study explores how businesses adapt their marketing approaches to navigate diverse trade regulations and respond to nationalist sentiments. The results reveal significant relationships between international marketing and both business performance and nationalist spirit. Moreover, the study underscores the substantial influence of tariff and non-tariff strategies on business performance, with pronounced effects in markets characterized by heightened nationalist spirit. These findings contribute to theoretical advancements in international business literature and offer practical insights for businesses aiming to formulate effective strategies, navigate regulatory complexities, and enhance performance in a globalized economy
Leveraging Human Capital for Remote Work: A Case Study of the Cooler and Freezer Repair Industry in Malaysia Riwayadi, Eko; Umran, Fankar M; Monoarfa, Maya; Saleh, Hendra Noor; Tahjoo, Anastasia
Indonesian Journal of Business Analytics Vol. 4 No. 1 (2024): February 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v4i1.8390

Abstract

This case study analysis examines the impact of human capital on the performance, productivity, and competitive advantage of an organization operating in the cooler and freezer repair and maintenance industry. The analysis reveals key findings related to field service operations, customer satisfaction, service quality, and workforce management. The study identifies challenges and opportunities, including skill gaps and training needs, workforce capacity and availability, retention and talent management, and effective communication and collaboration. Based on these findings, actionable recommendations provided to address the identified challenges and leverage opportunities. The recommendations emphasize the importance of continuous training, knowledge transfer, recruitment strategies, employee retention initiatives, improved communication channels, and enhanced collaboration. These recommendations aim to optimize the organization's field service operations, improve service quality, and enhance customer satisfaction. The case study highlights the critical role of human capital in organizational success.  
The Leadership Importance in International Organization for Standardization (ISO) Implementation: A Literature Review Riwayadi, Eko
Formosa Journal of Sustainable Research Vol. 3 No. 1 (2024): January, 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjsr.v3i1.7730

Abstract

In the era of globalization doing business, organization always needs to be competitive, succeed and maintain sustainability as long as possible. Organization shall implement continual improvement in their excellent quality of management strategy to achieve their goals. Organization also needs to adapt to the international best practice. International Organization for Standardization or ISO is one of the best standard to be referred and implement their standard in the organization. In many cases implementation of ISO facing issues related to leadership commitment. Several research argued that leadership is not the main factor to be success in implementation of the ISO standard while other researcher argued that the leadership is playing very significant role to achieve ISO certification. This gap lead to this literature review research. Literature review shown that leadership is proven playing significant role to keep organization meeting the ISO requirement. This result imply to every organization to keep leadership to be number one priority to implement ISO or else the organization will face totally failure is implementing ISO Standard