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All Journal Journal of Applied Economics in Developing Countries
Arini, Retno Dwi
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Economics, Econometrics & Finance

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BUSINESS SUCCESS EVALUATION MODEL FOR MSMES: PERFORMANCE AND STRATEGY Rahmawati, Meylin; Arini, Retno Dwi; Pratiwi, Sulistya Rini; Kartini, Kartini; Irna, Rizky Agusriyanti
Journal of Applied Economics in Developing Countries Vol 10, No 1 (2025): Journal of Applied Economics in Developing Countries
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v10i1.100167

Abstract

The development and growth of Micro, Small, and Medium Enterprises (MSMEs) serve as one of the driving forces of economic growth. The success or failure of an MSME is determined by performance measurement. This study assesses UMKM Amplang Tari's performance using the Balanced Scorecard, focusing on financial, customer, internal business processes, and growth and learning perspectives. The analysis results indicate good cost efficiency, with a Gross Profit Margin of 66% and a Net Profit Margin of 50%, although the Return on Investment (48%) still has room for improvement. A high customer complaint rate (80%) and low customer retention (57%) highlight the need for service improvements. Operationally, high product quality (97%) and on-time delivery (100%) are strengths, but program implementation (67%) requires enhancement. Employee training investment is relatively good (80%), but its impact on innovation needs to be ensured. Recommended improvements include investment optimization, service quality enhancement, strengthening marketing strategies, and product innovation. By implementing these strategies, MSMEs can improve efficiency, customer satisfaction, and competitiveness in the market.
ANALYSIS OF CONVERGENCE BETWEEN PROVINCES IN INDONESIA Kartini, Kartini; Islami, Rahmi Nur; Pratiwi, Sulistya Rini; Rahmawati, Meylin; Arini, Retno Dwi
Journal of Applied Economics in Developing Countries Vol 8, No 2 (2023): Journal of Applied Economics in Developing Countries
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v8i2.79843

Abstract

Indonesia is one of the developing countries that is always trying to increase its economic growth. Indonesia has a large number of people with various ethnic backgrounds and diverse customs, so this situation has given rise to disparities between regions. This study aims to determine whether or not sigma convergence, to find out whether absolute and conditional convergence occurs or not, and to determine the speed of convergence. This study uses secondary data, namely Gross Regional Domestic Product (GRDP) per capita, poverty, and inequality for each province in Indonesia from 2017-2021. The method used in this study is panel data with a fixed effect approach. The results of the analysis using the sigma convergence (σ) approach show the occurrence of convergence. The results of the absolute convergence analysis explain the divergence of GRDP per capita in Indonesia with a divergence speed of 13.76% per year. The results of the conditional convergence analysis show that there is a divergence of GRDP per capita in Indonesia with a divergence speed of 13.62% per year.
Co-Authors Kartini Kartini Pratiwi, sulistya rini Rahmawati, Meylin Rahmi Nur Islami Rizky Agusriyanti Irna