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The Effect of Conflict of Interest and Lack of Innovation on Family Business Failure Aldi Akbar Ramadhan; Ibrahim Hasan; Muhamad Delvin Azzahra; Muhamad Rizki Akbar; Mira Nurfitriya; Azizah Fauziyah
Proceedings Series on Social Sciences & Humanities Vol. 15 (2024): Proceedings of International Conference on Management, Accounting, Economics, and Bu
Publisher : UM Purwokerto Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/pssh.v15i.918

Abstract

Failure in a family business can result in interpersonal tensions and serious financial problems. Factors such as lack of planning, conflicts of interest and lack of innovation can lead to such failures. The difficulty in maintaining a balance between personal and professional relationships is often a major challenge in family businesses. The purpose of this study is to identify the factors that lead to family business failure, evaluate the associated risks, and explore the recovery actions that can be taken. This research uses a quantitative method with a descriptive verification approach to collect and analyze data. The object of this research is a family business owned by a student family in Tasikmalaya. The results of this study indicate that conflicts of interest and innovation have an effect of 80.5% on the failure of family businesses owned by UPI Tasikmalaya campus students. This proves that if there is a conflict of interest and innovation in the family business that is not immediately resolved properly, the family business will fail.
The Role of Motivation and Social Support on Entrepreneurial Mindset in Triguna High School Students in Jakarta Muhamad Rizki Akbar; Nandang Nandang; Ismail Yusuf
The Future of Education Journal Vol 4 No 8 (2025): Continued
Publisher : Lembaga Penerbitan dan Publikasi Ilmiah Yayasan Pendidikan Tumpuan Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61445/tofedu.v4i8.1144

Abstract

This study examines the effect of motivation and social support on the formation of an entrepreneurial mindset among students of SMA Triguna Jakarta. The research underscores the importance of fostering entrepreneurial thinking from an early age as a means to cultivate creativity, independence, and resilience in addressing future challenges. Employing a quantitative associative approach, this study examines the relationship between internal and external factors contributing to students’ entrepreneurial development. Data were collected through questionnaires administered to the respondents. The findings indicate that motivation does not have a significant impact on the development of the entrepreneurial mindset, whereas social support exhibits a positive and substantial influence. Support and encouragement provided by parents, teachers, and peers enhance students’ self-confidence, risk-taking ability, and creativity in entrepreneurial endeavors. These results highlight the pivotal role of a supportive social environment in nurturing entrepreneurial attitudes among young individuals. Consequently, collaboration between schools and families is recommended to establish a learning ecosystem that promotes entrepreneurial spirit, competence, and character from an early stage.