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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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MAKING SENSE OF SENSE-MAKING IN SPENDING: A QUALITATIVE STUDY Bustillo, Jacklyn Mae; Lata, Sheryl Mae; Leones, Rhesiane; Vasquez, Michael
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.v0i0.5651

Abstract

Making sense on the act of spending is a complicated undertaking in the field of personal finance. Sense-making, in relation to financial expenditure, has emerged as a vital lens to understand the intricacies of spending. Hence, this study investigates the Intra and Extra of spending among the Bachelor of Science in Accountancy (BSA) students of Colegio de la Purisima Concepcion. Specifically, this study explores the intra of spending in terms of preferences and the extra of spending in terms of strategies among the participants  as well as any perspective emerging from the constructs being investigated. Using Creswell’s framework on phenomenological research, five graduating BSA students of Colegio de la Purisima Concepcion were purposively chosen to participate following an inclusion criteria. A researcher-made semi-structured interview questionnaire, used to obtain the participant’s perception, underwent content validation. From the data transcripts that were thematically analyzed emerged three themes as regards the sense-making of spending: external force, internal drive, and value-laden. The sense-making of spending involves external force drawn from the recommendations and influences of others. The sense-making of spending signifies internal drive which stemmed from habits, sense of fulfillment, and priorities of the spender. The sense-making of spending purports value-laden which is shaped by perceptions of financial management and the perceived worth ascribed to purchases. The study recommends the creation of a formation program regarding the sense-making capability vis-a-vis students' responsible spending behaviors choices. Future researchers are recommended to explore varied approaches to further investigate sense-making in spending.
BUSINESS FEASIBILITY STUDY OF FRUZFRUIT SORBETTO Supriyatin, Yulinda; Sonny, Sonny
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.v0i0.5667

Abstract

Following the pandemic that affected practically everyone in the world, includingIndonesia, the government recommended that people consume fruits more attentively asa self-protection strategy against the coronavirus. This is a healthy trend that mustcontinue to improve Indonesian nutrition. As a result, the author decided to launchFruzfruit Sorbetto, a frozen dessert sorbet business based on high-quality fresh fruits andmade from fruit raw materials, thus it has a considerably higher nutritional value and ishealthier. The goal is to give an alternate method to enjoy fruit. The Fruzfruit Sorbettocompany is expected to have a payback in year three and a total net present value (NPV)purchase of Rp. 218.265.256 in year five, with a sales ratio of 34%. Thus, FruzfruitSorbetto will constantly prioritize continual innovation and deliver the greatest serviceto provide a positive experience for every consumer.Keywords: Sorbet, fruit, business feasibility, business plan, healthy frozen dessert.
THE ROLE OF COMMUNICATION IN INFLUENCING THE ENTREPRENEURIAL INTENTION OF SMALLHOLDER SHEEP FARMING IN WEST JAVA Adji, Riyanto; Dimyati, Dindin
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.v0i0.5686

Abstract

The traditional sheep farming process is carried out by smallholder sheep farmers in West Java based on the inheritance passed down from their parents. A more detailed examination of the process of cultivating people's sheep reveals significant economic potential, encompassing the upstream sub-sector, the on-farm sub-sector, and the downstream sub-sector. This lucrative business opportunity is challenging for smallholder sheep farming to attain, partly due to difficulties in communication. The objective of this study is to gain insight into the communication factors that influence the entrepreneurial spirit of smallholder sheep farming in West Java. This study employs three variables: communication frequency, communication quality, and information sources. This research employs a quantitative analytical method of the causal-comparative research type. The analysis yielded findings indicating that communication techniques play a pivotal role in influencing the entrepreneurial spirit of smallholder sheep farming
PHYSICAL ACTIVITIES PARTICIPATION AND ACADEMIC PERFORMANCE OF THE CASE STUDENTS OF COLEGIO DE LA PURISIMA CONCEPCION Gorriceta, Gay Maricon G.
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.v0i0.5702

Abstract

The relationship between physical activity and academic performance is a topic of interest in education and public health research. While the exact nature of this relationship can vary among individuals, there is evidence to suggest that regular engagement to physical activity can have a positive impact on academic performance. The main objective of this study was to determine the level of participation in physical activities and its relation to the academic performance of  the CASE students of Colegio de la Purisima Concepcion. Specifically, the study was focused on finding answers to the following questions: 1) What is the socio-demographic profile of the respondents? 2) What is the level of participation in physical activities of the CASE students as a whole and in terms of sports and simple exercise? 3) What is the level of the academic performance of the CASE students? 4) Is there a significant difference in the level of participation in physical activities of the CASE students when grouped according to sex, year level, and program? 5) Is there a significant difference in the academic performance of the CASE students when groupedaccording to sex, year level, and program?  and 6), Is there a significant relationship between the physical activity participation and the academic performance of the CASE students?The descriptive-correlation design was used in the study to determine the relationship between the level of participation in physical activities in terms of sports and simple exercises and the academic performance of the 130 students-respondents. A questionnaire, composed of three parts was used to gather data from the respondents which was validated by a panel of experts and was tested for reliability before it was distributed to the respondents. Prior to the distribution of the questionnaire, the researcher sought permission and approval to conduct the study from the dean of the CASE department. The data gathered were tabulated and analyzed using SPSS. Results revealed that considering the socio-demographic profile of the respondents, majority were females, first year level, and taking up Bachelor of Secondary Education program. As regards to the level of participation in physical activities of the respondents, the result was verbally interpreted as “high.” Results also disclosed that the students involve themselves in sports, and they participate in sports-related school activities.  The result further highlighted that participation in physical activities like doing simple exercises, interest the students in a usual manner, They involve themselves in physical exercises the most to improve their mental health and academic performance as well. However, they do less of hard exercises. They prefer light type of exercises. Findings on the academic performance of the students as a whole, presented a grade point average of 1.79, interpreted as “very good,” indicating that students in the CASE department have a commendable academic performance in their preliminary grade. They exude excitement in the first few months of the school days. There was no significant difference in the level of participation of the students in physical activities when they were grouped according to sex, year level and programs. Likewise, there was no significant difference in the academic performance of the students in terms of prelim grade weighted average when they were grouped according to sex. However, a significant difference was noted in the year level and programs. Finally, no significant relationship was found between the level of physical activity participation and the academic performance of the students. This means that participation in physical activities has no bearing in the academic performance of the students. 
DEVELOPMENT AND INTEGRATION OF SEARCH ROBOT (SR PYROTERRA) WITH THERMAL SENSOR Arenajo, James Emanuel G.; Castillon, Kezia Mae 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.v0i0.5718

Abstract

Rescue robots are essential instruments during emergencies and natural disasters since they are outfitted with sophisticated thermal sensors, can withstand extreme temperatures, and can move in close proximity to the person in need. By operating in environments that are hazardous and unsafe for human responders such as burning or collapsed buildings, toxic chemical spills, or extreme weather conditions, rescue robots minimize risk and improve response durations.  Generally, this study aimed to determine the functionality in terms of a) duration of flight, capabilities of device thermal range detection, c) device’s control range. The electrical parts of the robot prototype were tested to determine if they are functional before the robot was assembled. In constructing the Search Robot, we used Phantom 3 Motherboard and Motors, Thermal Sensor, 3D modelled parts using Fusion 360 were then sliced using CURA and 3D printed using the Ender 3D printer. The robot was programmed with embedded C++ coding and were all assembled and placed with 3D printed parts and attachments. The functionality of the robot in terms of detecting the person and fire was tested two times. It can be determined in the thermal sensor if there is a person or object by displaying a dark blue highlight, and fires can be detected by the sensor and the highlight’s color may vary depending on the flame’s temperature, mostly being yellow to red highlights. The success rate was computed to determine the average functionality. A 100% success rate shows that SR Pyroterra Thermatron can successfully navigate and locate the person.
BUSINESS FEASIBILITY OF AMOR DONUT Sihombing, Maria Bonita; Sutedjo, Sonny Vin
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.v0i0.5609

Abstract

After the Covid-19 pandemic, the food business landscape has evolved from focusing solely on dine-in services to also encompassing delivery orders. Furthermore, the pandemic has ushered us into an era where social media presence is increasingly massive, leading to numerous food products going viral in a short span of time. Consequently, the cycle of growth in the food business has become exceedingly rapid and creative. In response to these changes, Amor Donut, operating in the sweet bakery industry, provides not only dine-in and delivery services but also employs a pre-order system. Amor Donut is targeted to provide profits that increase each quarter by 20-30% for the next 5 years. This business uses IDR 300,000,000 capital with an NPV of IDR 42.465.615 and will get BEP for 1 years and 8 months.
ACADEMIC STRESS LEADS ISSUES FOR ELEMENTARY STUDENT’S MENTAL HEALTH Hanafiah, Hally; Khansa, Nisrina Khalisa
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.v0i0.5645

Abstract

Children are social beings with the same needs as adults, thus stress is something they will always encounter. They might experience fear or worry when faced with difficult situations. Children's stress typically stems from a variety of factors, including the strain of academics. Children with stress can exhibit physical and behavioral symptoms from academics including feelings of fear and anger, difficulty finishing tasks or receiving good grades, a load of crying, lack of appetite, and thoughts of harming themselves. Children who are under persistent stress may experience overload, melancholy, excessive worry, and physical and mental health disorders. The goal of this study is to lower the prevalence of early stress in children and school-age individuals, particularly in elementary school-aged students to develop optimal mental health as it ought to. This study's research approach is quantitative, and descriptive, and also involves literature review from some journals and a lot of data and information from articles. Data from questionnaire forms completed by 120 linked respondents, in total, are attached to this study. Additionally, the results of this study, which were derived from the data collection that was done, are known to indicate that a significant portion of children who completed elementary school in the past still experience academic stress, which can negatively impact the child and students' mental and physical health. Consequently, there is a need for initiatives or movements that might end these instances and problems to provide Indonesian society with a developed and healthy nation
COST ACCOUNTING VIEW OF BSA STUDENTS AS FUTURE ENTREPRENEURS Barana, Catherine Ann; Develos, Catherine Jean; Galamiton, Wella Jane; 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.v0i0.5662

Abstract

Cost accounting, a type of managerial accounting where the goal is to record the entire cost of production, provides fundamental business knowledge to make informed decisions about allocating resources, increasing output, and maximizing profit.  The exploration of cost accounting considering forecasting, budgeting, and planning is based on the views of the Bachelor of Science in Accountancy (BSA) students as future entrepreneurs. Utilizing a qualitative research methodology using the lens of phenomenology, three purposively selected fourth-year BSA students enrolled in the College of Business, Management, and Accountancy of Colegio de la Purisima Concepcion participated and provided data according to their lived experience. The research instrument used in this study was a validated semi-structured questionnaire with open-ended questions to generate comprehensive insights from the participants. The findings of the study highlight the relevance of the cost accounting to BSA students as future entrepreneurs. Cost accounting in consideration of forecasting, budgeting, and planning emerged three views that are contextual, procedural, and comparative in nature, hence, the CPC Views of Cost Accounting. The acronym CPC stands for Contextual view, Procedural view, and Comparative view. This study provides evidence that the cost accounting view helps students learn more about the financial implications of their decisions by utilizing cost accounting concepts, procedures, and methodologies. It may create reasonable financial objectives, allocate resources wisely, and make well-informed decisions under the light of the CPC views of Cost Accounting.
Understanding Women Employees’ Satisfaction in the Automotive Sector: Challenges in a Male-Dominated Field Amin, Grace; Henakin, Brigitha Queenkesya
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.v0i0.5681

Abstract

The rising participation of women in the workforce has recently become a topic ofsignificant debate, particularly regarding the intricate balance between professional andfamilial responsibilities. This study seeks to elucidate the effects of workload stress,perceived organizational support, and work-family conflict on work-life balance, with jobsatisfaction as a mediating variable. Utilizing Structural Equation Modeling (SEM) toanalyze data from 254 valid respondents, the research tested ten hypotheses. Out of these,four hypotheses were substantiated, while six were not supported. Specifically, thehypotheses concerning the impact of perceived organizational support on work-lifebalance, the effect of work-life balance on job satisfaction, and the role of perceivedorganizational support in influencing job satisfaction—both directly and through work-life balance—were not validated.Keywords: Workload, Perceived Organizational Support, Work-family conflict, Work-life balance, Jobsatisfaction.
ACCEPTABILITY OF REDFLOWER RAGLEAF (CRASSOCEPHALUM CREPIDIOIDES) TEA INFUSED WITH MINT (MENTHA X PIPERITA) B. Kacayon, Caryle Jane; B. Torio, Sherene; Pati, Georgia Lyn L.
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.v0i0.5697

Abstract

This study explored the acceptability of Redflower Ragleaf (Crassocephalum crepidioides) tea infused with mint (Mentha x piperita). The primary objectives were to evaluate the tea's acceptance based on color, aroma, taste, body, and overall acceptability. Additionally, the study aimed to identify the most preferred treatment and to establish a cost analysis ensuring a profitable return on investment. The researchers employed a quasi-experimental research design to achieve these objectives. The findings indicated that treatment 1 was the most favored, excelling in color, flavor, aroma, and overall acceptability, with moderate to high approval ratings across all parameters. For the body, treatment 2 received the highest rating, closely followed by treatment 1. The conclusions underscored treatment 1's higher acceptability; however, further improvements were recommended to enhance its characteristics. It was suggested to conduct laboratory testing to confirm the product's safety and economic feasibility and to extend the investigation into the interaction effects of the ingredients. A comprehensive feasibility study was also recommended to provide an in-depth analysis of production costs and the capital required for commercializing the tea. Additionally, further research into packaging and branding was advised to ensure the product was market-ready.

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