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Improving the Welfare of MSMEs Through Strengthening Financial Management: A Practical and Innovative Approach Sulistiana, Indra; Febriana, Febby; Rahmat, Ariawan; Hendrawan, Putri Nur Aeni; Andriyani, Yeni
Abdimas Indonesian Journal Vol. 4 No. 1 (2024)
Publisher : Civiliza Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59525/aij.v4i1.391

Abstract

Micro, Small and Medium Enterprises (MSMEs) have a vital role in the economy, especially in creating jobs and supporting local economic growth. However, one of the main challenges faced by MSMEs is the lack of understanding and skills in financial management. Many MSMEs face problems in managing their finances that can hinder the growth and sustainability of their businesses. This community service activity aims to improve the welfare of MSMEs through strengthening financial management with a practical and innovative approach. We organize training workshops on the use of financial technology, individual consultation sessions, and business plan development. Through this approach, we provide MSMEs with practical knowledge and skills so that they can manage their finances more effectively and sustainably. The output targets of the activity are increasing MSME knowledge and understanding of financial management, improving practical skills in financial management among MSMEs, adopting innovative approaches in MSME financial management, and improving the welfare and sustainability of MSME businesses.
The Impact of Impact-driven Entrepreneurship on Community Empowerment and Corporate Social Performance in Indonesia Rahmat, Ariawan; Kusmiyatun, Kusmiyatun; Barus, Irwan Irawadi; Sudarmanto, Eko; Nurhayadi, Willy
The Es Economics and Entrepreneurship Vol. 4 No. 01 (2025): The Es Economics And Entrepreneurship (ESEE)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/esee.v4i01.714

Abstract

This study examines the impact of impact-oriented entrepreneurship on community empowerment and corporate social performance in Indonesia. As entrepreneurship increasingly moves beyond profit maximization toward addressing social and environmental challenges, impact-oriented entrepreneurship offers an integrated approach that prioritizes sustainability and inclusivity. Using a quantitative method, data were collected from 100 respondents through a structured questionnaire based on a five-point Likert scale. The analysis employed Structural Equation Modeling–Partial Least Squares (SEM-PLS 3) to test the hypothesized relationships. The results show that impact-oriented entrepreneurship has a positive and significant effect on community empowerment, reflected in greater participation, skills development, and resource access. In addition, impact-oriented entrepreneurship positively and significantly influences corporate social performance by improving stakeholder trust, ethical practices, and organizational legitimacy. The findings suggest that entrepreneurial ventures in Indonesia can serve as a catalyst for both social empowerment and sustainable business performance. This research contributes to the theoretical discourse on social entrepreneurship and corporate responsibility while offering practical insights for entrepreneurs and policymakers in designing strategies that balance financial success with social impact.