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Business Review and Case Studies
Published by Institut Pertanian Bogor
ISSN : -     EISSN : 27216926     DOI : https://doi.org/10.17358/brcs
Core Subject : Economy, Science, Agriculture, Social,
Agriculture, Biological Sciences & Forestry Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences
Business Review and Case Studies (BRCS) receive a variety of Business case studies and Business ideas generated from research that can be used for the education of professionals in the Business field. BRCS publishes papers that contribute to understanding the world of Business and its Developments. The published papers use extensive research methods including statistical analysis, case studies, field research, and various other recent analyses. This journal puts forward articles that provide additional knowledge and information in the field of business in the broadest sense. Hopefully, this Journal contributes to the management and business education
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 109 Documents
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The Role of Servant Leadership in Imrpoving Entrepreneurial Mindset, Climate, Knowledge Management, Organization Development and Its Impact on Higher Education Performance Muhammad Ramaditya; Friska Intan Sundari
Business Review and Case Studies Vol. 4 No. 3 (2023): BRCS, Vol 4 No 3, December 2023
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.4.3.303

Abstract

For higher education to continue in the education sector, they must perform better. The purpose of this study is to investigate the effects of organizational development, knowledge management, entrepreneurial atmosphere, servant leadership, and entrepreneurial mentality on performance in private higher education in the LLDikti III region. This study employs a quantitative approach, namely a survey method that gathers data through the use of a questionnaire. Lecturers from private universities in the LLDikti III region made up the study's population. The sample in this study was 376 respondents. The analysis tool used is SmartPLS 3 with Structural Equation Modeling based on Partial Least Square. The results of this study state that higher education performance can be improved by having servant leadership, entrepreneurial climate, entrepreneurial mindset, and organization development. Private higher education needs to be more concerned to become entrepreneurial activities in their organization if they want to stay relevant in the industry. Keywords: entrepreneurial mindset, entrepreneurial climate, higher education performance, servant leadership, organizational development
How Visitor Satisfaction and Intention to Revisit Are Created by Event Quality and Perceived Value? A Lesson from the Local Food Festival in Brebes Andi Yulianto; Roby Setiadi; Herniah Herniah
Business Review and Case Studies Vol. 4 No. 3 (2023): BRCS, Vol 4 No 3, December 2023
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.4.3.215

Abstract

The emergence of many festivals and events shows that Arranging festivals centered around specific themes has the potential to boost economic development on both local and national scales. To investigate how events can improve visitors' perception of event quality, perceived value, trust, visitor satisfaction, and behavioral intentions, the annual food festival during the 344th anniversary celebration of Brebes was selected to explore these relationships. A total of 350 questionnaires were distributed to visitors and the data analysis was performed on 335 valid questionnaires using structural equation modeling. The results show that event quality has a positive and significant effect on perceived value (β = 0.205; p-value 0.037 <0.05). In addition, perceived value has a positive and significant effect on trust (β = 0.0585; p-value 0.000 <0.05). Finally, trust has a positive impact on event satisfaction (p-value 0.000 <0.05), which in turn affects the intention to revisit (p-value 0.004 <0.05). Drawing from these observed outcomes, this research provides practical and theoretical insights for event management entities and festival organizers to continue hosting annual theme-centered festivals during specific occasions and destinations to improve visitors' attachment to the values and authenticity offered. Keywords: event quality, event satisfaction, intention to revisit, perceived value, food festival
Impacts of Government Policies, Technological Innovation, and Competitive Advantage on Post Pandemic MSME Financial Evi Maulida Yanti; Boihaki; Fatmayanti; Denni
Business Review and Case Studies Vol. 5 No. 1 (2024): BRCS, Vol 5 No 1, April 2024
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.5.1.81

Abstract

The aim of this research was to analyze the role of government, technological innovation, competitive advantage, and financial institutions in the performance of MSMEs post-pandemic. This research was quantitative research. The data processing used in the research was SmartPLS. This research was conducted in Aceh Province, where 200 MSME managers were selected as samples. The results of this research showed that the role of government had a negative effect on the performance of MSMEs, technological innovation had a positive effect on the performance of MSMEs, competitive advantage had a positive effect on the performance of MSMEs, the role of government had a negative effect on financial institutions, technological innovation had a positive effect on financial institutions, competitive advantage had a negative effect on financial institutions, financial institutions had a negative influence on the performance of MSMEs, financial institutions mediated the role of government on the performance of MSMEs, financial institutions mediated innovation technology on the performance of MSMEs, and financial institutions mediated competitive advantage on the performance of MSMEs. This meant that MSMEs needed to continue improving innovation technology and competitive advantage through financial institutions and the role of government in supporting MSME performance. Innovation technology and competitive advantage needed to be improved in achieving maximum MSME performance in the current technological era because technological civilization was increasingly developing. Keywords: role of government, innovation technology, competitive advantage, financial firm, msme performance
Integration of Triple Bottom Line In Supplier Selection Process (Case Study at Indonesia Bottled Water Company) Aditya Asmara Nala; Harianto; Popong Nurhayati
Business Review and Case Studies Vol. 4 No. 3 (2023): BRCS, Vol 4 No 3, December 2023
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.4.3.290

Abstract

PT ABC is an Indonesia bottled water company that continues to strive to adopt sustainability efforts in every aspect of its business process, including on their supplier selection process. This study aims to determine the usage of TBL criteria in current formulation of supplier selection decisions at PT Tirta Investama; to determine what are the TBL integrated selection criteria and its assessment indicators which needed to select suppliers appropriately; and how to use them to select suppliers at PT ABC. Researchers conducted in-depth interviews with 4 procurement managers of PT ABC to find out the usage of TBL criteria in current formulation of supplier selection decisions. Currently, economic perspective still becomes the only one focus in supplier evaluation process in PT ABC. In fact, environmental and social concern still not significantly underlie supplier evaluation process which lead to selection decisions. The determination of TBL integrated selection criteria and its assessment indicators begins through literature review and finalized with focus group discussion (FGD). In this study, researchers established 13 TBL integrated selection criteria and 20 assessment indicators to select suppliers at PT ABC. Those criteria and indicators are then used to select suppliers in 4 main material categories of PT ABC using the analytical hierarchy process (AHP) method. Based on this selection process, a ranking of suppliers of each material category is obtained, resulting in PT A2 as top selected supplier in gallon bottle category, PT B1 as top selected supplier in gallon cap category, PT C1 as top selected supplier in preform category, and PT D1 as top selected supplier in screw cap category. Keywords: AHP, business sustainability, supplier selection, supplier selection criteria, triple bottom line
The Influence of Marketing Mix on Customers Satisfaction and Loyalty at Tirtania Waterpark Bogor Muhammad Akmal Ikramudin; Imam Teguh Saptono; Siti Jahroh
Business Review and Case Studies Vol. 4 No. 3 (2023): BRCS, Vol 4 No 3, December 2023
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.4.3.228

Abstract

Covid-19 has caused several tourist objects to experience a decrease in visits, sales, and temporary closure due to the lockdown policy. Tirtania Waterpark is a water tourism object providing services for water recreation rides and family entertainment venues experiencing a decline in visits. Therefore, this research aims to analyze the effect of the marketing mix which consists of 4C, namely co-creation, currency, communal activation, and conversation variables on visitor satisfaction and loyalty at Tirtania Waterpark. This research is a case study with a sample of 126 people who are visitors of Tirtania Waterpark. The sampling method in this study was purposive sampling using questionnaires distributed to Tirtania Waterpark visitors. This study used the Structural Equation Model (SEM) method to perform data analysis. The results of the study show that all the marketing mix 4C variables used affect the satisfaction of visitors to Tirtania Waterpark, satisfaction variable has a significant effect on consumer loyalty which is reflected by the willingness of consumers to make repeat visits. Several recommendations to increase Tirtania Waterpark customer loyalty are conducting regular surveys of visitors, dynamic pricing, adding options in purchasing tickets, conducting promotions through other parties, and implementing good relationship management. Keywords: customer loyalty, customer satisfaction, marketing mix 4C, structural equation model, tourist attraction
Design of Blockchain System for Land Services Administration at Ministry of Agrarian and Spatial Planning/National Land Agency Suyus Windayana; M. Syamsul Ma’arif; Yandra Arkeman; Irman Hermadi
Business Review and Case Studies Vol. 5 No. 1 (2024): BRCS, Vol 5 No 1, April 2024
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.5.1.158

Abstract

The objective of this study was to analyze the effectiveness of Blockchain for land services at the Ministry of Agrarian Affairs and Spatial Planning. The study was conducted using a rationalistic approach combined with a naturalistic paradigm. Data were collected through observation, stratified sampling, and systems analysis. A black box test was conducted to test the effectiveness of blockchain usage. This method was used to determine if the software was working properly. As a result, it was found that the Ministry of Agriculture and Spatial Planning/National Land Agency (Ministry of ATR/BPN) land service included target optimization divided into two subsections: time and target. Of the two subsections (time and goals), delays in the completion of land certificates and initial preparation of land certificates were found to be less effective. The problem was that there were still some land certificates for which terms and timeliness certainty were inconsistent with the Land Agency Commissioner's Decree No. 1 of 2010 on Service Standards and Land Regulations. The design of the Blockchain system for land services of the Ministry of Agrarian Affairs and Spatial Planning was developed in a limited manner based on the simplification of land data entities (in blockchain technology referred to as business objects) with the aim of illustrating how smart contracts contributed to each stage of data transactions. Thus, the Blockchain system was considered to have a high security value, especially when applied in the digital land certificate security system. Keywords: black box test, blockchain technology, land certificates, land services
The Effects of Financial Performance and Macroeconomics on Financial Distress in The Energy Sector Before and During Covid-19 Pandemic Alya Dinda Nurrahmi; Hermanto Siregar; Bayu Bandono
Business Review and Case Studies Vol. 4 No. 3 (2023): BRCS, Vol 4 No 3, December 2023
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.4.3.239

Abstract

The condition of financial distress is where the company's finances are in a bad condition which then becomes an early indicator of bankruptcy for companies to anticipate or restructure so that companies do not experience bankruptcy and liquidation. This study aims to analyze the influence of financial ratios and macroeconomic performance (interest rates, economic growth, and covid-19) on financial distress before and during the Covid-19 pandemic in energy companies listed on the Indonesia Stock Exchange for the period 2017– 2021. The data analysis technique is panel data regression analysis using EViews 12. The population in this study is companies in the energy sector listed on the IDX. The results showed that the condition of financial distress during the pandemic was generally higher than before the Covid-19 pandemic. The results of the analysis conducted in 2017-2021 show that as many as 12 out of 53 companies in the mining sector are experiencing financial distress. A total sample of 12.83% indicated financial distress. Financial ratios and macroeconomic performance (interest rates, economic growth, and covid-19) simultaneously influence financial distress. Partially profitability, liquidity, leverage, and sales growth affect financial distress, while activity, cash flow from the operation, interest rates, economic growth, and covid-19 do not affect financial distress. Keywords: financial distress, financial ratios, macroeconomic performance, probit model
Transforming Consumer Behavior Through Cloud Kitchen and Digitalization Boosting MSMES Sustainability in The F&B Bernadeth Bekania Telaumbanua; Farhan Wiriasubranta; Karina Tri Cahya Wulandari; Nuraini Farah Husniah; Imannia Khairana; Ani Nuraisyah
Business Review and Case Studies Vol. 4 No. 3 (2023): BRCS, Vol 4 No 3, December 2023
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.4.3.313

Abstract

Cloud kitchen is a system that allow business owner to serve customers without facilitate a dining-in establishments. The idea of cloud kitchen has proof its usefulness due to COVID-19 pandemic, where many food and beverage (F&B) sector owners especially the medium, small, and micro enterprises (MSMES) suffer because they could not provide their service due to government-imposed measures to limit the movement of people and activities in an effort to control the spread of COVID-19. This research aims to explore the concept of cloud kitchen further, as well as examining the relation between the rapid development of technology has allow many F&B sector owner to survive during and post pandemic. This research employed a systematic literature review with a qualitative approach. A total of 329 studies were identified and 12 are selected and included in the review. These 12 journals were selected based on their relevance to the research topic, the quality and impact factor of the journal, the reputation of the authors who publish in the journal, and the rigor of the peer review process. The results indicate that cloud kitchen is a promising business model for F&B sector, it has maintain the sustainibility during pandemic and still keep it relevancy after pandemic. Several start-ups such as Gojek and Grab provide a food delivery service that allow partnership with MSME business owner, contributing in their effectiveness and efficiencies. Keywords: consumer behavior, MSMES, food and beverages, cloud kitchen
Measuring The Resilience of Rural Banks Against Covid-19 Pandemic: Evidence From West Java, Indonesia Wanda Kharisa Ristyanti; Noer Azam Achsani; Tony Irawan
Business Review and Case Studies Vol. 4 No. 3 (2023): BRCS, Vol 4 No 3, December 2023
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.4.3.270

Abstract

The quality of credit and financing provided by rural banks plays a crucial role in determining the continuity of income and interest, ultimately impacting profitability. This study aims to analyse the financial performance dynamics and the factors influencing the profitability of rural banks in West Java, Indonesia during the COVID-19 pandemic by examining the financial reports for the period March 2019 to December 2020 from 26 sampled rural banks. The research employed a multiple linear regression method with REM estimation. Despite the challenging circumstances of the pandemic, the ROA, CAR, and equity values of the rural banks analysed still met the minimum standards set by Bank Indonesia at 1.5%, 8%, and IDR 6 billion, respectively, while the NPL values exceeded the maximum standard of 5%, whereas the NPL values exceeded the maximum standards. The combined factors of CAR, NPL, equity, net income, and the COVID-19 pandemic collectively influence profitability. Specifically, NPL and the COVID-19 pandemic have a significantly negative effect, while net income has a significantly positive effect on profitability. The policy implication that can be implemented to support the resilience of rural banks during crisis are strengthening capital buffer, tightening credit policies, implementing good governance practices, and improving operational cost efficiency. Keywords: rural banks, financial performances, COVID-19 pandemic, profitability
Indonesian Agricultural Sector Regional Value Chain in Regional Comprehensive Economic Partnership (RCEP) Bugi Biruloma Lagaida; Yusman Syaukat; Widyastutik
Business Review and Case Studies Vol. 5 No. 1 (2024): BRCS, Vol 5 No 1, April 2024
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.5.1.12

Abstract

Global value chains (GVC) were a phenomenon of production of goods or services that involved various countries acting as providers of raw materials, intermediate products, and finished goods. There was a GVC concept with a more specific scope, namely the Regional Value Chain (RVC). This concept was carried out by countries that had regional cooperation. ASEAN countries and several partner countries had a new regional cooperation agreement, namely the Regional Comprehensive Economic Partnership (RCEP). The presence of the RCEP agreement opened opportunities for Indonesia to contribute. Various production chains could be created. Longer production chains allowed the distribution of benefits from GVC to be uneven in each country. This needed to be watched out for, so it was necessary to conduct research on whether Indonesia's participation in the agricultural RVC of the RCEP region provided benefits for Indonesia or not. The type of data used in this research was secondary data in the form of cross-section data, consisting of the Inter-Country Input Output (ICIO) table sourced from the OECD, which was released in 2021. This research used input-output table methods and backward linkage and forward linkage methods of a country's sector (Indonesia and RCEP partners) so that its position in the RCEP production chain and the world could be known. The result was that Indonesia acted as a provider of raw materials in 21 types of RCEP industries. RCEP provided value added to Indonesian agriculture. Keywords: global value chain (gvc), inter-county input output table (ICIO), regional value chain (rvc), regional comprehensive economic partnership (rcep)

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