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Proceeding of the International Conference on Family Business and Entrepreneurship (ICFBF)
Published by President University
ISSN : -     EISSN : 26203863     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
International Conference on Family Business & Entrepreneurship (ICFBE) is a scientific international conference driven by the livelong aspiration of President University as a center of excellence, especially in the field of family business and entrepreneurship. The conference is organized by the Faculty of Business at President University with the aim of gathering researchers and practitioners to critically share and discuss the latest empirical, conceptual, as well as theoretical findings and trends in a demanding topic. The ICFBE has been held six times from 2017 to 2022. It has succeeded in bringing together researchers and practitioners from various countries over the past five years. The papers presented at ICFBE have been published in various scientific publication outlets both on a national scale in Indonesia and international wide. This website presents the online proceeding of the ICFBE. All papers published in this proceeding have gone through a rigorous peer-review process and scientific principles.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 244 Documents
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ANALYZING THE EFFECTIVENESS OF MARKETING STRATEGIES IN INCREASING RICE SALES: A CASE STUDY OF CV SURYA AGRO TANI USING 7P MARKETING MIX AND SWOT ANALYSIS Damayanti, Asty; Kumar, Suresh
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5680

Abstract

This study aims to analyze the marketing strategies employed to increase rice product sales at CV SuryaAgro Tani, focusing on the company's use of the 7Ps marketing mix framework (Product, Price, Place,Promotion, People, Process, Physical Environment). Additionally, the research employs a SWOT analysis(Strengths, Weaknesses, Opportunities, Threats) to evaluate the effectiveness of these strategies and topropose actionable recommendations for enhancing sales performance. This study was initiated in responseto a significant decline in rice sales over three consecutive months, driven by both internal and externalfactors. Through this analysis, the research contributes to both academic literature and practical solutionsfor overcoming such challenges in the agricultural industry. The study provides valuable insights foragribusinesses like CV Surya Agro Tani, demonstrating how an effective use of the marketing mix,combined with a well-structured SWOT analysis, can be leveraged to improve sales performance. Thefindings suggest that companies in similar contexts can adopt an aggressive strategy to capitalize on theirstrengths and external opportunities, offering a roadmap for reversing declining sales trends. The researchalso highlights the broader social impact of effective marketing strategies in the agricultural sector,particularly in helping small and medium-sized enterprises (SMEs) like CV Surya Agro Tani thrive despitemarket fluctuations. By improving sales, such businesses can contribute to local economic stability,employment, and food security. This study is unique in applying the 7Ps marketing mix and SWOT analysisspecifically to the rice market at CV Surya Agro Tani. It offers a novel contribution to the academicliterature on marketing strategies in the agricultural industry, as prior research has predominantly focusedon other business sectors. Furthermore, it provides practical insights that can be applied to similaragribusinesses facing comparable challenges.Keywords: Marketing Strategy, 7Ps, SWOT Analysis, Sales Performance, Agribusiness, CV Surya AgroTani, Rice Products
OPTIMIZATION STRATEGY OF OVERSEAS OPERATION MANAGEMENT OF CHINESE ENTERPRISES BASED ON INTERNATIONAL EXECUTIVE EDUCATION COURSES Wei, Yu; Waworuntu, Stephanus Remond
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5696

Abstract

The purpose of this paper is to explore the challenges and optimization strategies faced by Chinese enterprises in their overseas operations and management processes. Jiangxi ZHENGBANG Plant Protection Co., Ltd, for example, conducts overseas operations mainly in Pakistan, Indonesia, Cambodia, Myanmar, Nigeria and 12 other countries. ZHENGBANG is a national high-tech enterprise focusing on the development, production and sales of pesticide dosage forms, pesticide intermediates and preparations, and is committed to the development of pesticide products for the prevention, elimination or control of agricultural and forestry pests and other pests, including insecticides, fungicides, herbicides and plant regulators. With the in-depth implementation of the "Belt and Road Initiative", Jiangxi ZHENGBANG Plant Protection Co., Ltd. actively expands the international market, and still faces multiple challenges in the field of cross-cultural management and municipal competition strategy, and needs to strengthen human resources and asset allocation management and supply chain digital transformation. In addition, the issue of intellectual property protection and compliance with national laws also needs to be resolved.By analyzing the successful experience of SIEMENS and MAZAK, this paper provides targeted optimization strategies for Chinese enterprises to improve the efficiency and competitiveness of their overseas operations(Dong, et al., 2015). Starting from the actual business background of the company, the research deeply discusses its continuous improvement method through literature review, which provides a solid theoretical basis for analyzing the actual operation status of Chinese enterprises.This study takes the success of SIEMENS and MAZAK as examples to analyze the root causes of the successful experience of their overseas operating companies. Drawing on the successful experience of SIEMENS and MAZAK, this study found a set of innovative optimization strategies aimed at comprehensively improving the efficiency and competitiveness of Chinese enterprises' overseas operations by utilizing advanced technologies and adopting a continuous improvement approach(Ren, 2024).
Closed-Loop Sustainability: Leveraging Canteen Food Waste for Maggot Cultivation and Decorative Fish Feeding in an Automotive Spare Parts Manufacturing Facility in Bekasi, Indonesia Nugroho, Adi
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5712

Abstract

An automotive spare parts manufacturing plant in Bekasi Regency, Indonesia, has created a closed-loop sustainability project to address the essential issue of food waste management. With a canteen that serves 3,500 employees every day, the facility creates a lot of food waste, which has traditionally caused environmental and financial problems. The activity-integrated approach highlights the potential for novel waste management strategies to promote sustainability in industrial settings. The research frequently treats waste management and resource production (such as decorative fish ponds) as distinct domains, with a scarcity of studies focusing on sustainability practices within facilities catering to large employee populations with internal systems (such as canteens) that generate significant waste. As a result, it closes the gap by offering a case study of how an internal waste stream. The major goal is to create and execute a closed-loop system that converts food waste into a useful resource, maggots, for feeding decorative fish. Similarly, examine the economic benefits of eliminating the need for commercially supplied fish feed, as well as the environmental impact of decreasing food waste through an integrated waste management approach. This study employs a case study technique to analyze the deployment and consequences of a closed-loop sustainability system at an automotive spare parts manufacturing facility. The method provides for a thorough analysis of the procedures, obstacles and triumphs that come with repurposing food waste for maggot cultivation and fish feeding. The adoption of the closed-loop system successfully diverted a significant volume of food waste from the canteen, decreasing the environmental impact of typical trash disposal methods. Furthermore, the project resulted in significant cost savings by eliminating the need to buy commercial fish feed. As a result, the closed-loop technology helped to reduce the facilities overall carbon footprint by reducing waste and the requirement for externally supplied feed ingredients, which generally demand significant resources to produce and deliver. The discovery establishes a feasible approach for deploying closed-loop sustainability systems in industrial settings. It demonstrates how merging waste management and resource generation can improve sustainability while reducing operational expenses. Furthermore, demonstrated financial benefits, such as cost savings and potential profitability, can pique the interest of industry stakeholders for sustainable and economically viable solutions. The study also emphasizes the environmental benefits of reducing waste and reducing reliance on commercially produced feed, which contributes to a lower carbon footprint and reduces the environmental impact of manufacturing processes. Finally, the effort contributes to the company's CSR profile, demonstrating a commitment to environmental stewardship and appropriate resource management, which improves the companies reputation and employee morale.
“COMPARING GOVERNMENT TRANSPARENCY AND ACCOUNTABILITY FOR ANTI-CORRUPTION PROGRAM: PERSPECTIVES FROM CHINA AND INDONESIA” Bonaparte, Noni; Youran, Guo; Takeleb, Felicidade Victoria; Mapuasari, Supeni
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5644

Abstract

This article qualitatively overviews the corruption prevention policies of two countries, Indonesia and China. By conducting a literature and regulation analysis, also interview to some respondents, this article summarizes and describe the detail policy differences within two countries corruption eradication program. Reviewing country’s policy enables the public to better understand corruption form several points of views, such as punishments design, magnitude, potential losses, sanction threats, and sanction release. Besides understanding the history and phenomena of corruption, examining the potential impact of punishment regulations will enlighten the public understanding of corruption eradication policy.
EVALUATING THE EFFECTIVENESS OF ONLINE BANKING APPS Barredo, Leo Andrei; Berdugo2, KC B; Dublon, Mary Rica; Vasquez, Michael B
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5656

Abstract

Online banking applications have transformed financial management by allowing users to access banking services anytime and anywhere. The effectiveness of the online banking apps have been established through varied sources but there is a paucity in the literatures locally as well as utilization of the evaluative perceptions of Purisimian students.  This study investigates the effectiveness of the online banking apps among the college students of Colegio de la Purisima Concepcion applying a mixed-method methodology using explanatory sequential design. Sequentially, the quantitative data were collected from the randomly selected 332 respondents through a validated and pilot-tested researcher-made questionnaire. Subsequently, the qualitative data were gathered from the six participants through an in-depth interview. The study investigated the online banking apps' effectiveness across context, input, process, and product dimensions considering the demographic variables like age, sex, and department affiliation. Quantitative analysis utilized frequency counts, percentages, t-test, and analysis of variance, while the qualitative analysis followed Colaizzi's method. Results showed that online banking apps are perceived as highly effective overall, but their effectiveness varies notably based on the sociodemographic profile such as age and department affiliation. While users generally perceive these apps positively, differences in perception exist regarding their context, input, process, and product among distinct demographic groups. This research enriches the literature by highlighting the need to consider user demographics in designing online banking apps to enhance user experience and satisfaction.
BUSINESS FEASIBILITY STUDY OF POSH POTATO Afriani, Halimah Nur; Sutedjo, Sonny V
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5674

Abstract

Potato chips are a popular snack food in Indonesia among many people. It has beendemonstrated that potato chips are virtually always offered in all stores, big and small, inIndonesia. This phenomenon arises from the fact that potato chips are a snack that appeals toall dietary groups due to its light and crunchy taste. The creation of new potato chip flavorsand packaging that adapts to the newest trends based on consumer references particularlythose from Generation Z and Millennials was subsequently the result of this. For five years,Posh Potato aims to generate 5–15% of sales per quarter. The Posh Potato business projectsthat, with an initial capital of Rp. 220,000,000 and a cumulative NPV value of Rp.686,022,266 with a ROA of 14% and a ROS of 51% in year 5 it will reach the payback periodin year 4. Based on these projections, the Posh Potato business is viable to operate.Keywords: Feasibiity study, snack industry, business plan.
PREDICTING BANK LOAN APPROVAL USING LOGISTIC REGRESSION AND FEATURE SELECTION METHOD Hamzah, Dadang Amir; sigalingging, fika lestauli
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5691

Abstract

Examining bank loan application is a long process that requires a detail check in every stages. This process is important in the banking industry, as it directly impacts the bank's risk management and profitability. However, due to a long process in making decision the customer wait a long time to get the decision which results to the customers dissatisfaction. Therefore, to improve the examination process and provide a quick decision result, the more effective tools is required. Logistic regression is a machine learning method that able to predict the binary output based on the probability value. This method takes the value from the multiple regression method and convert it into probability value using the activation function called sigmoid function. This paper applies the logistic regression method to predict bank loan approvals based on several features considered as independent variables. This research uses the secondary data taken from www.kaggle.com. The model performance is measured using the confusion matrix that consist of accuracy, precision, recall, and F1 score. This research construct three models based on data type. The first model is constructed using numerical data only, the second model is constructed using categorical data only, and the third model is constructed by combining numerical data type and categorical data type. It is determined that the first model return 87.8% accuracy, 95.94% precision, 87.57% recall, and 91.56% F1 score. The second model return accuracy 69%, precision 96.81%, recall 69.87%, and F1 score 81.17%. Moreover, the return 86.6% accuracy, 96.81% precision, 85.64% recall, and 90.88% F1 score. Based on these results, it is concluded that the best method in processing loan bank application data is to use the third model that is the model that includes both categorical and numerical data type. 
SCHOOL HEADS’ COACHING AND MENTORING COMPETENCE ON TEACHERS’ CLASSROOM MANAGEMENT, INSTRUCTIONAL DELIVERY AND RESEARCH AND INNOVATION ENGAGEMENT Segura, Linny J.
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5707

Abstract

This research study was conducted to ascertain the competency level of school heads coaching and mentoring on teachers’ classroom management, instructional delivery and research and innovation engagement. Thus, this study will serve as the basis for sustainability plan of the Deped program. The respondents of the study were the three hundred thirty-eight (338) teachers in the 3rd Congressional District, Schools Division of Iloilo. They were chosen through multi-stage sampling technique. A duly validated and pre-tested instrument was used to ascertain the level of school heads coaching and mentoring competence on teacher’s classroom management, instructional delivery and research and innovation engagement. Frequency, percentage, mean and standard deviation were utilized as descriptive statistical tools; MANOVA was used as inferential statistical tools with level of significance set at .05.  The findings revealed that the level of school heads coaching and mentoring competence on teacher’s classroom management, instructional delivery, and research and innovation engagement when taken as an entire group and when classified according to age, sex, civil status, length of service and educational attainment was expert. Also, the findings revealed that there was no significant difference in the competency level of school heads coaching and mentoring on teacher’s classroom management, instructional delivery, research and innovation engagement when grouped as to age, sex, civil status and educational attainment. However, when grouped as to length of service, significant difference existed in the competency level of school heads coaching and mentoring on teacher’s classroom management, instructional delivery, research and innovation engagement.
INFLUENCE OF FAMILY DYNAMICS ON STUDENTS’ BEHAVIOR: CHALLENGES AND OPPORTUNITIES Billanes, Freddie B.
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5723

Abstract

Family dynamics impact comfort and happiness. 801 students were surveyed using a descriptive correlational study and 0.897-reliable researcher-made questionnaire. The study found that open communication, quality time, respect, responsibility, and supporting a peacemaker during tough times strengthened family ties. Parental honesty and dependability were closest. Most families have money and work-life issues. Number of children, family members' traits, parents' connection, and gentle or hard upbringing affected family dynamics. Family relationships are less impacted by the "mix" of people in a family, others' influence, and life events such an affair, divorce, trauma, unemployment, homelessness, an absent parent, or a chronically ill or disabled child Spending meals with the family, feeling like their family supports their objectives, enjoying family activities, feeling like they would still prefer growing up in their family, and asking their parents for help were most essential. Being closer to extended family than their own, mediating rather than leading healthy family relations, and seeking professional family help were the least common. Family issues should be matched with academic chances, says study. They value family, self-drive, and academics. Reclaiming a habit garnered family support, but downplaying the risk to their schooling and addressing cultural differences in extended families that may create problems was neglected. Family dynamics shaped students' behavior, including prioritizing family needs and interests over personal matters, showing concern for parents and other family members, offering support in any way possible, solving family problems, using a strength-based approach to help family members cope with difficult situations, responding to family-related comments, and trusting Minor issues reduce sibling strife. They use family strengths to tackle problems. Though connected, family factors like sex and money affected student behavior differently at home and school. A number of traits and ties were similar.
ADVANCING NATION FOOD SUPPLY THROUGH ACCELERATOR-DRIVEN TECHNOLOGY FOR CONTROLLED ENVIRONMENT AGRICULTURE Pamungkas, Lukas Sangka; Widjaja, Anton Wachidin
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5638

Abstract

In this disruption era, ventures must foster the transition of their digital transformation. Digital transformation can be obtained by the entry of the accelerator into the process. Siemens – Advanced Manufacturing Transformation Centre (AMTC) is one of the enterprises in which ventures can move their business operations to a different level, emphasizing vertical and horizontal integration. The AMTC provides investment projects with systematic training programs, the service of consultants, and the industry 4.0 environment. Through involvement in these organizations and utilizing the sandbox environment, ventures can upgrade their talents, expertise, and capacities to accept digital transformation and rope innovation throughout the business segment. It could enable firms to patent the technology and explore new concepts, apart from developing ingenious solutions and driving business development. In their operation, Siemens AMTC has a Digital Enterprise Experience Center (DEX). The client gets to see how the real and digital worlds enable one to design and facilitate a realization of the value chain as an end-to-end process optimized by a perpetuating data flow using DEX. It is important here to state that a real Digital Enterprise must be capable of utilizing the virtually infinite amount of information available to make the right decisions quickly and without doubt as well as deliver top-notch goods through the implementation of lean manufacturing. Not only provide access to industry experts, AMTC also connect the client to hands-on training (transition), access to advance technology training facility, also access to advance manufacturing equipment. There is constant pressure from the global shifts that influence the industrial world such as changes in geo-political climate, technology, markets, and climatic change. The key strategies, therefore, come into play to address such challenges include digitalization and automation. The Digital enterprise is doing exactly this by overcoming the physical space between the real and the digital world. So, with the synchronization of the real world and the digital world, the integration of the design to realization is enabled on one hand, and the constant flow of data is a means of optimization on the other. This is happening in the Artisan Green activity, using the digital twin, they can create uncertainty in their product harvest to become more certainty. Artisan Green successfully implementing Controlled Environment Agriculture (CEA) and working in cooperation with Siemens. The collaboration basic idea is to improve hydroponic operations by connecting an improved Farm Management System via Siemens’ technologies to create parameter for another rack adoption based on the problem that solved by the integrated system. This system represents some principles of CEA, as for example the control of environment and the rational use of resources. This partnership brought a very crucial agriculture revolution in Singapore as a nation with no land for Agriculture yet lacks some essential foods. It aims to achieve the next level of hi-tech, environmentally friendly hydroponic farming and tripling the production rates of energy, yield, and recycling. Modern techniques of farming are under pressure from factors that include population growth and the rise of demand for fresh and healthy food, climate change and fluctuations as well as scarcity of land for farming. Consequently, Singapore has embarked on an aggressive strategy to upgrade the capacity of this sector to supply at least 30 per cent of the country’s nutritional requirements organically by the year 2030. This goal is also part of the Singapore Green Plan 2030 as a plan for developing resilience of the food system in Singapore. The S$30 million grant named “30 by 30 Express” shows the government’s commitment for local food production thus creating favorable conditions for businesses such as Artisan Green. By using this Siemens’ modern technology and experience in automation and digitalization, Artisan Green will have its indoor farms include a modern integrated farm management system, which will increase the utilization of inputs, decreasing a negative impact on the environment. The centralized and vertical farming system implemented at Artisan Green ensures that land is used to optimum potential and thus increases the productivity of the farms thereby also cutting on the use of pesticides and herbicides. This paper explains will explain more about the objectives of digital transformation, the process model, the difficulties, and finally the phase beyond disruption. It concluded that an accelerator could offer co-creation, collaboration, and networking to gain bigger market scalability opportunities for ventures, supported by cutting-edge infrastructure and technology, a sandbox for digital transformation, also skill development/ certification.

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