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Innovative Educational Strategies to Increase Online Company Revenue Ismail, Hariadi; Hasbi, Imanudin; Nugraha, Diki Wahyu; Nugraha, Nugraha; Marbun, Tonggo; Kastanya, Grace
The International Journal of Business Review (The Jobs Review) Vol 7, No 1 (2024): The International Journal of Business Review. June 2024
Publisher : Fakultas Pendidikan Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/tjr.v7i1.73705

Abstract

Purpose – The growth of online companies has accelerated in the last decade, however, competition has also become fiercer. To remain profitable and competitive, online companies need to adopt innovative educational strategies that not only attract but also retain customers. This article explores various educational strategies that can help online companies increase their revenue, including customer education, employee training, and community engagement. By utilizing this strategy, online businesses can increase customer satisfaction, improve product usage, and ultimately drive revenue growth. Customer education is one of the key components in this strategy. By providing relevant and useful information about products and services, companies can help customers understand and maximize the benefits of the products they purchase. For example, webinars and tutorials explaining how to use the product can reduce confusion and increase adoption rates. Additionally, informative content such as articles, videos, and FAQs that answer frequently asked questions can improve customer experience and strengthen their loyalty to the brand. Employee training also plays an important role in increasing online company revenues. Well-trained employees can provide better service to customers, which in turn increases customer satisfaction and retention. A comprehensive onboarding program ensures that new employees understand the company's products and services well from the start. Additionally, continuous learning programs that keep employees updated on the latest industry trends and company updates can improve their performance and help companies stay competitive. Community engagement is another effective strategy for increasing online company revenue. By building an online community around a brand, companies can create a sense of community and loyalty among their customers. Online communities allow customers to interact, share experiences, and learn from each other, which can strengthen their relationship with a brand. Additionally, encouraging customers to create and share content related to company products can increase engagement and provide authentic testimonials that can attract new potential customers. Case studies from successful companies such as Duolingo and Salesforce demonstrate the effectiveness of this educational strategy. Duolingo uses gamification and community features to educate and engage its users, while Salesforce offers extensive training and certification programs through its Trailhead platform. Both companies have succeeded in increasing their revenues by prioritizing customer and employee education. Overall, educational strategies are a powerful tool for increasing online company revenue. By educating customers and employees, and building a strong community around the brand, companies can increase customer satisfaction and loyalty, improve product usage, and ultimately drive revenue growth. Further research could explore the specific implementation and impact of these strategies across different types of online companies, as well as identify best practices that could be widely adopted. Design/methods/approach – This research is about Systematic Literature Review (SLR) methodology. The SLR methodology is a structured and comprehensive method for identifying, assessing, and synthesizing literature relevant to a particular research topic. The systematic literature review methodology can be used to review educational strategies in increasing online business revenue.Findings – One effective approach is through implementing educational strategies designed to increase customer engagement and loyalty and improve employee performance. The innovative educational strategies can significantly boost online company revenue by attracting and retaining more users, enhancing their learning experiences, and creating additional streams of income. Research implications/limitations – Through investing in customer education, employee training, and community engagement, companies can increase customer satisfaction, improve product usage, and foster loyalty.Originality/value – The rapid growth of online companies in the last decade has created new opportunities and challenges in the business world. The advent of the internet has changed the business landscape, giving birth to many online companies operating in various sectors. In the midst of increasingly fierce competition, online companies must continue to innovate to remain relevant and profitable 
Performance Management System in Industry: A Systematic Literature Review Marbun, Tonggo; Sobandi, A.; Risali, Ridho Pangestu Adhitio
International Journal of Science and Society Vol 6 No 2 (2024): International Journal of Science and Society (IJSOC)
Publisher : GoAcademica Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/ijsoc.v6i2.1146

Abstract

The increasingly competitive business environment necessitates the development of an effective Performance Management System (PMS). According to academics, current research on PMS has not yet reached a consensus on the actual consequences of PMS and the inconclusive results are due to inadequate understanding of the antecedents and effectiveness of PMS. Therefore, this research aims to observe the dimensions commonly used to measure PMS in the industrial context, understand the characteristics of studies, and identify antecedents, outcomes, mediations, and moderations in the literature on PMS in the industrial context over the past 7 years using a systematic literature review with the PRISMA guideline. The scholarly articles in this SLR are those included in the Scopus database from 2018 to 2024. The review results reveal that the dimensions currently used to study PMS originate from dimensions built by previous researchers, namely PMS Accuracy. The majority of the included studies on PMS in this research were published in 2018 and 2021, with most employing quantitative methods and the majority being located in India and Italy. Our research also reveals that PMS has a positive impact at both individual and organizational levels. This SLR contributes to explaining the current research conditions of PMS in the industrial context and also provides suggestions for future PMS research.