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All Journal International Journal of Integrative Sciences
Widagdo, C. Susmono
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Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Industrial & Manufacturing Engineering Social Sciences

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Financial Management Strategies of Small Eateries in Competitive Markets: A Qualitative Study Laia, Damai Sehati; Widagdo, C. Susmono
International Journal of Integrative Sciences Vol. 3 No. 12 (2024): December 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijis.v3i12.12797

Abstract

This study aims to explore the financial management strategies employed by small eatery owners to sustain operations and remain competitive in local markets. Using a qualitative approach, data were collected through in-depth interviews with small eatery owners to uncover their practices in cash flow management, operational cost control, working capital optimization, and the adoption of financial technology. The findings reveal that: (1) Daily Cash Flow Management is a fundamental practice where owners manually record income and expenses, enabling them to monitor cash flow and allocate resources efficiently. (2) Operational Cost Control is prioritized by minimizing food waste, negotiating with suppliers for better prices, and relying on family members for labor to reduce costs. (3) Efficient Use of Working Capital is achieved by allocating resources to essential materials, while some owners resort to informal loans for urgent needs, ensuring liquidity without accumulating debt. (4) Adoption of Simple Technology for Financial Record-Keeping is emerging, with some owners using mobile apps to track finances, although barriers such as lack of knowledge and resistance to change hinder widespread adoption. The study highlights the need for targeted interventions, such as financial education and accessible technological solutions, to support small eatery owners. Future research should focus on the impact of formal financial training and broader technology adoption on the long-term success of small eateries
Sustainability In Hotel Housekeeping: Green Practices and Operational Efficiency Setyawan, Aditya Beny; Widagdo, C. Susmono
International Journal of Integrative Sciences Vol. 3 No. 7 (2024): July 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijis.v3i7.10190

Abstract

This study investigates the execution and consequences of environmentally friendly methods in hotel cleaning, emphasizing their advantages and difficulties. The research findings indicate that implementing environmentally-friendly practices using a qualitative case study technique involving interviews, observations, and document analysis leads to notable improvements in operational efficiency, cost reduction, and guest happiness. Consequently, this boosts the hotel's reputation. Notwithstanding these advantages, there are acknowledged difficulties including substantial upfront expenses, the requirement for extensive personnel instruction, and opposition to altering established practices. Efficient tactics to address these obstacles including enhancing internal communication, establishing alliances with environmentally conscious suppliers, and obtaining robust backing from top-level management. The study asserts that although the process of adopting sustainable housekeeping practices is difficult, the long-term benefits make it a worthwhile investment. However, additional research is necessary to investigate the specific effects and successful implementation tactics in greater detail
Co-Authors Laia, Damai Sehati Setyawan, Aditya Beny