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West Science Business and Management
Published by Westscience Press
ISSN : 29869374     EISSN : 2985816X     DOI : https://doi.org/10.58812/wsbm.v1i02
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
The Editors invite writers and experts to publish and share their ideas through scientific and empirical research in the field of Management and Business. The main objective of this publication is to improve theory, concept, and practice in the field of management and business. Dissemination of research will enable researchers, and practitioners to present and share their scientific empirical findings. We will be the bridge between theory and practice in management and business. The participation of well-known international experts on the editorial board is a guarantee of the sustainability and quality of publications as a contribution to the development of management and international business research. This will make it possible to introduce the latest empirical research findings to practitioners and academics. This journal will be of interest to both academics and practitioners. This journal is intended for researchers, lecturers, undergraduate and postgraduate students, and practitioners.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 437 Documents
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Impact of Government Spending on Education, Infrastructure Investment, Health Expenditure, and Technology Investment on Economic Growth in Indonesia Joko Sangaji
West Science Business and Management Vol. 1 No. 05 (2023): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v1i05.677

Abstract

This study examines how government expenditures on infrastructure, health care, education, and technology affect Indonesia's economic expansion. An analysis of Structural Equation Modeling - Partial Least Squares (SEM-PLS) was done using a quantitative methodology on a sample of 250 people that included academics, business representatives, government officials, and members of the general public. The structural model analysis showed a strong positive correlation between government spending on infrastructure, health, education, and technology and its effect on economic growth, while the measurement model evaluation validated the validity and reliability of the survey instrument. The model fit was deemed adequate based on the goodness-of-fit indices. The results highlight how important investments in technology and education are in promoting economic growth, with infrastructure and healthcare spending playing a major impact as well. These findings offer policymakers insightful information that supports a targeted, balanced approach to government spending for Indonesia's sustainable economic growth.
The Effect of Profitability, Company Value, and Leverage on Company Size : (Case Study of a Retail Company Listed on The Indonesia Stock Exchange for The Period 2018–2022) Arnina Apriliani Nur Musaharah; Siti Nurhasanah; Pustika Ayuning Puri
West Science Business and Management Vol. 2 No. 01 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i01.682

Abstract

This study aims to determine the relationship between profitability, company value and company size leverage in the Indonesian retail industry. Financial data of retail companies listed on the Indonesia Stock Exchange were analyzed using SPSS using quantitative methods and population sampling techniques. Data was analyzed using SPSS. The results of the analysis show that there is a significant relationship between these variables and the size of the company. From the regression results, it can be seen that the constant value is 6.490, while the regression coefficients of profitability (X1), company value (X2) and leverage (X3) are 0.103, -0.001 and -0.008, respectively. This shows that changes in profitability, company value, and leverage affect the size of the company. However, only profitability has a significant positive influence on the size of the company, while the value of the company and leverage have an insignificant negative influence on the size of the company. Testing using the t-test shows that the three independent variables are linearly related to the size of the company. These findings highlight the importance of effectively managing these factors in the context of a dynamic global economy, which can affect the growth and development of retail businesses. This research contributes to the strategic management literature by providing a better understanding of the factors that influence the size of companies in the retail industry. The practical implications of these findings could help managers and stakeholders make more informed decisions when managing their companies and plan more effective strategies for long-term growth.
Consumer Satisfaction and Loyalty Towards Chatime Beverage Products: Evidence from Pekanbaru, Indonesia Henni Noviasari; Andi Junaidi; Sri Wahyuni Wildah; Fauzan Azmi; Ishadi Ishadi; Prima Andreas Siregar
West Science Business and Management Vol. 2 No. 01 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i01.691

Abstract

This study examines the influence of taste, price, and service quality on consumer satisfaction and loyalty towards Chatime beverage products in Pekanbaru, Indonesia. Understanding consumer behavior is crucial for sustaining business growth in the rapidly growing food and beverage industry. By leveraging theories of consumer satisfaction and loyalty, this study adopts a quantitative approach through multiple regression analysis of data collected from 108 respondents. The findings revealed that taste, price, and service quality significantly affect consumer satisfaction and loyalty. Interestingly, while satisfaction significantly fosters loyalty, it does not mediate the relationship between price and loyalty, suggesting price sensitivity among students’ demographics. Despite perceiving Chatime's products as relatively expensive, their willingness to recommend the brand indicates recognition of quality. This study contributes to a nuanced understanding of the factors driving consumer loyalty in the competitive beverage industry, emphasizing the need for strategic pricing and quality enhancement to foster consumer satisfaction and loyalty.
The Effect of Tax Efficiency, Cash Management, and Investment Policy on the Value of Technology Companies in Bandung Loso Judijanto
West Science Business and Management Vol. 2 No. 01 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i01.696

Abstract

This research investigates the impact of tax efficiency, cash management, and investment policy on the value of technology companies in Bandung through a quantitative survey analysis. The study explores the relationships between these financial constructs and firm value, utilizing Structural Equation Modeling with Partial Least Squares (SEM-PLS) on a diverse sample of 170 technology companies. The measurement model analysis demonstrates the reliability and validity of the constructs, while the structural model analysis reveals significant positive correlations between tax efficiency, cash management, investment policy, and firm value. The demographic characteristics of the sample provide context to the findings. The results have practical implications for strategic financial management in the technology sector, emphasizing the importance of tax planning, cash flow optimization, and prudent investment decisions. Despite certain limitations, the study contributes to the existing literature and opens avenues for future research in the dynamic technology landscape of Bandung.
Analysis of the Impact of Government Policy, Technological Innovation, and Availability of Business Capital on the Growth of Small and Medium Enterprises in Indonesia Afif Syarifudin Yahya; Maiza Fikri; Loso Judijanto; Eva Yuniarti Utami; Deni Iskandar
West Science Business and Management Vol. 2 No. 01 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i01.697

Abstract

This research studies the complex relationships between government policies, technological innovation, availability of venture capital, and the growth of Small and Medium Enterprises (SMEs) in Indonesia. Using Structural Equation Modeling with Partial Least Squares (SEM-PLS), this research analyses data from a sample of 130 SMEs across different industries and regions. The measurement model assessment confirmed the reliability and validity of the constructs, while the structural model analysis revealed significant positive relationships between government policy effectiveness, technological innovation, venture capital availability, and SME growth. The robustness of the findings was confirmed through bootstrapping, and the model fit index validated the adequacy of the estimated model. The R-squared values indicate the ability of the model to explain most of the variance in SME growth. Hypothesis testing further corroborated the significant impact of Availability of Venture Capital, Government Policies, and Technological Innovation on SME growth. The implications of these findings extend to policymakers, business owners, and stakeholders, guiding the formulation of strategies that foster an enabling environment for SMEs in Indonesia.
Utilization of Social Media and Online Platforms in Improving Customer Engagement of Fashion SMEs in Bali Arjang Arjang; Eva Yuniarti Utami; Finny Redjeki
West Science Business and Management Vol. 2 No. 01 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i01.698

Abstract

This research investigates the intricate dynamics of social media utilization and online platform presence in shaping customer engagement for small and medium-sized fashion enterprises (SMEs) in Bali. A sample of 120 fashion SMEs participated in a cross-sectional survey, providing insights into their digital strategies and customer interactions. The study employs Structural Equation Modeling with Partial Least Squares (SEM-PLS) to analyze the relationships between social media utilization, online platform presence, and customer engagement. Descriptive statistics, reliability, and validity analyses are conducted to ensure the robustness of the measurement model. The findings reveal a positive and significant impact of social media utilization on online platform presence and, subsequently, customer engagement. The mediating role of online platforms in enhancing customer interactions is highlighted. Practical implications and recommendations are provided for fashion SMEs seeking to optimize their digital strategies and foster meaningful customer engagements in the vibrant cultural context of Bali.
Implementation of CPM and PERT Method in Canteen Development Project CV Super Makmur Pelik Pernandes PS; Pustika Ayuning Puri; Siti Nurhasanah
West Science Business and Management Vol. 2 No. 01 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i01.702

Abstract

Project management is the science and art concerned with planning, organizing, implementing, and controlling projects to achieve predefined goals by utilizing available resources optimally. The CPM (Critical Path Method) method is a deterministic approach that identifies the longest path of activities in a project, while the PERT (Program Evaluation and Review Technique) method is used to plan, estimate and control completion time by considering the uncertainty in each project activity. The goal to be achieved from this research is that the application of the method and implementation of the CPM and PERT methods can optimize project completion by knowing critical activities, operations, estimated time, costs and project resources, as well as reducing the risk of delays and additional project costs. This research adopts a quantitative approach and applies descriptive analysis using the CPM and PERT methods. Based on the analysis results, it is known that there are two critical paths, namely A-C-E-I and B-D-G-K, so accelerating the project time without delaying or waiting for completion in 11 weeks, with a value of Z = 2.27 in the normal distribution table shows the number 0.9984, meaning the probability that the project can be completed during 11 weeks is 99%. because there is an additional fee of IDR 2,588,940 which is an additional acceleration fee. So, the cost of completing a 12-week project is IDR 1,171,739,257 while for 11 weeks it is IDR 1,174,328,197.
Planning A Fruit Shop Business Development Strategy "Nu Mesari Buah" Using SWOT Analysis and QSPM (Quantitative Strategic Planning Matrix) Method Ni Komang Mela Tri Utari; Dita Naufallina; Bambang Suryanto; Ella Mayasari
West Science Business and Management Vol. 2 No. 01 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i01.709

Abstract

This study employs SWOT analysis and QSPM method to develop a business strategy for "Nu Mesari Buah" fruit shop, focusing on internal and external factors affecting its competitiveness. Through qualitative analysis, including interviews, strengths like strategic location and fresh stock, weaknesses such as price fluctuations, opportunities such as increased demand, and threats like competition were identified. Quantitative evaluations using IFE and EFE matrices revealed stronger internal advantages and opportunities, indicating a favorable position for strategic planning. The IE matrix placed the shop in the Hold quadrant, suggesting market and product development strategies. QSPM prioritized strategies, with increasing goods availability before holidays ranked highest. This aims to meet rising demand by collaborating with local suppliers. Overall, the research offers insights for strategic planning in "Nu Mesari Buah" and similar businesses, albeit requiring gradual monitoring and evaluation for practical implementation, considering environmental and market dynamics.
Analysis of the Effect of Digitalization on the Profitability of Telecommunication Companies in Indonesia Loso Judijanto; Raymond Wahyudi; Rahadiyan Surya
West Science Business and Management Vol. 2 No. 01 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i01.718

Abstract

This research investigates the relationship between digitalization components and the profitability of telecommunication companies in Indonesia through quantitative analysis employing survey methods. In the rapidly evolving landscape of the telecommunication industry, digitalization plays a pivotal role in shaping operational strategies and driving financial performance. The study employs a structured questionnaire administered to key stakeholders within Indonesian telecommunication firms, with statistical analysis techniques, including Structural Equation Modeling with Partial Least Squares (SEM-PLS), used to analyze the data. The findings reveal significant positive relationships between digitalization components—network infrastructure, digital services, customer experience, and operational efficiency—and profitability indicators. These results underscore the strategic importance of digital transformation initiatives in enhancing the profitability of telecommunication companies in Indonesia, providing valuable insights for industry practitioners, policymakers, and researchers.
The Effect of Financial Management Quality, Product Innovation, and Digital Marketing on Micro Business Growth in the Jakarta Culinary Sector Sidrotun Naim
West Science Business and Management Vol. 2 No. 01 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i01.734

Abstract

This research investigates the dynamics of micro-business growth in the Jakarta Culinary Sector, focusing on the impact of Financial Management Quality (FMQ), Product Innovation (PI), and Digital Marketing (DM). A quantitative analysis involving a sample of 150 micro businesses reveals compelling insights. Results indicate significant positive relationships between FMQ, PI, and DM with Micro Business Growth (MBG). The study emphasizes the pivotal role of sound financial practices, innovation, and digital marketing in fostering growth within the competitive culinary landscape of Jakarta. Findings contribute to the understanding of success factors in micro-businesses, offering practical implications for entrepreneurs and policymakers.

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