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All Journal JURNAL NUSANTARA APLIKASI MANAJEMEN BISNIS Jurnal Entrepreneur dan Entrepreneurship
Beauty, Nur Lailany Fenny
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Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences Other

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The Impact of the EFQM Model on Business Sustainability using Structural Equation Modelling Maulana, Danis; Beauty, Nur Lailany Fenny; Rachman, Farizi; Hardiyanti, Fitri; Arif, Muhammad Lukman
Jurnal Entrepreneur dan Entrepreneurship Vol. 13 No. 1 (2024): Jurnal Entrepreneur dan Entrepreneurship
Publisher : Universitas Ciputra Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37715/jee.v13i1.4104

Abstract

Wirausaha Merdeka is a program initiated by the Republic of Indonesia's Ministry of Education, Culture, Research, and Technology. This study is aimed at students who have an interest in the world of entrepreneurship. Shipbuilding Institute of Polytechnic Surabaya adopts the Project Based Learning Technopreneurship learning scheme. Through this program, 103 new businesses have been created in various fields of business. As new businesses, they are susceptible to failure due to several factors. The method of this study used a survey that has been conducted, there are 77.7% of tenants who do not continue their business after the program. This indicates a high rate of business failure among entrepreneurs. This research is conducted to identify the factors influencing business sustainability using the Structural Equation Modelling method. The variables used in this study are derived from the European Foundation for Quality Management Model 2020. The results of this study is that organizational culture and leadership, driving performance and transformation, as well as strategic and operational performance positively influence business sustainability. Purpose, vision and strategy, creating sustainable value, and stakeholder perception negatively influence business sustainability. Meanwhile, engaging stakeholders does not significantly affect business sustainability.
Penilaian Business Sustainability Menggunakan Model European Foundation for Quality Management pada Tenant Wirausaha Merdeka Maulana, Danis; Beauty, Nur Lailany Fenny; Rachman, Farizi; Akseptori, Ristanti
Jurnal Nusantara Aplikasi Manajemen Bisnis Vol 9 No 2 (2024): Jurnal Nusantara Aplikasi Manajemen Bisnis
Publisher : UNIVERSITAS NUSANTARA PGRI KEDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29407/nusamba.v9i2.21002

Abstract

Research aim: Analyzing the impact of the EFQM 2020 model on assessing business sustainability and business orientation categories of Wirausaha Merdeka tenants using Structural Equation Modeling and EFQM self-assessment. Method: The research uses quantitative data, the SEM (Structural Equation Modeling) method, and EFQM self-assessment. Research Finding: The results of the SEM analysis reveal that organizational culture and leadership, driving performance and transformation, and strategic and operational performance positively influence business sustainability. On the other hand, purpose, vision, and strategy, creating sustainable value, and stakeholder perceptions negatively influence business sustainability. Additionally, engaging stakeholders does not influence business sustainability. Meanwhile, based on the EFQM self-assessment results, it is found that 5 tenants are product-oriented, 16 tenants are process-oriented, and 2 tenants are system-oriented. Theoretical contribution/Originality: This research extends the application of EFQM to more specifically measure the sustainability level of vocational tenant startups, mainly focusing on the specific dimensions of business sustainability. Practitioner/Policy implication: This study adopts the EFQM Model to assess the sustainability of vocational tenant businesses. This study will thoroughly analyze the scores obtained for each EFQM criterion and identify the critical factors contributing to business sustainability. The results of this evaluation will serve as a basis for formulating more targeted recommendations for improvement and development. Research limitation: The EFQM self-assessment focused solely on obtaining the business orientation category through questionnaire responses, lacking in-depth evaluation through interviews.
Co-Authors Akseptori, Ristanti Arif, Muhammad Lukman Farizi Rachman Fitri Hardiyanti