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West Science Journal Economic and Entrepreneurship
Published by Westscience Press
ISSN : -     EISSN : 29863996     DOI : https://doi.org/10.58812/wsee.v1i02
Core Subject : Economy,
Economics, Econometrics & Finance
Journal of Economics and Entrepreneurship published since 2023 by Westscience Press. Editors receive scientific articles from research results, surveys, and literature reviews closely related to the Economics and Entrepreneurship sectors. WSJEE is a peer-reviewed and open-access scientific magazine. Manuscripts of articles are published after going through a thorough peer-review process. Journal publications are managed by Westscience Press as the publisher.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Keuangan
Articles 362 Documents
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The Effect of Business Environment and Resource Adequacy on SME Performance Tyoso, Jaluanto Sunu Punjul; Amalia, Mei Rani; Wardoyo, Dwi Urip
West Science Journal Economic and Entrepreneurship Vol. 1 No. 02 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i02.264

Abstract

The present quantitative analysis delves into the complex dynamics that effect the performance of Small and Medium Enterprises (SMEs) in Indonesia. Specifically, the study examines the influence of resource adequacy and the business climate. Regression analysis is used in this robust research design study to investigate the links between SME performance and financial resources, human resources, regulatory frameworks, market competition, technical advancements, and economic conditions and technological resources. The results show complex correlations, highlighting the importance of regulatory assistance, economic stability, competitive market responses, and thorough resource management for the success of small and medium-sized enterprises. The research offers concrete insights that will assist policymakers, business practitioners, and the academic community, adding to the continuing conversation on SME development in Indonesia.
Development of Sharia-Based Financial Products and Microfinance in Islamic Economy Ratnawita, Ratnawita; Nurdiani, Tanti Widia; Judijanto, Loso; Fali, Ibrahim Mallam
West Science Journal Economic and Entrepreneurship Vol. 1 No. 02 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i02.265

Abstract

Within the context of Islamic economics, this study examines the dynamic interactions between the growth of microfinance and the creation of financial products based on Sharia. The study used a quantitative research methodology to examine significant variables, including the expansion of financial instruments that comply with Sharia law, the availability of microfinance, and the socioeconomic consequences of these endeavors. The study covers a wide range of Islamic economies and uses statistical methods to evaluate the relationship between the uptake of financial products based on Sharia and the improvement of microfinance services. The results provide quantitative insights into how Islamic finance and microfinance are developing, with implications for future research projects, financial institutions, and regulators.
Implementation of Balanced Scorecard in Corporate Strategic Management Utami, Eva Yuniarti; Damayanti, Rosita Mei; Pramesti, Diah; Yuninata, Dama; Pratama, Rohmawan Adi
West Science Journal Economic and Entrepreneurship Vol. 1 No. 02 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i02.266

Abstract

This study looks into how the Balanced Scorecard (BSC) was implemented in a West Javan manufacturing company and how it affected strategic management and organizational performance. A mixed-methods approach was used, integrating quantitative data obtained from surveys and performance measures with qualitative data from in-depth interviews and document analysis. The qualitative results draw attention to the intricate implementation process, which includes communication tactics, strategic goal-setting, and ongoing modification. Difficulties were noted, including resistance to change and worries about an increase in workload. Positive employee attitudes, greater alignment with company goals, and advancements in financial and operational measures are all indicated by the quantitative outcomes. The study offers insightful information to companies thinking about implementing BSC, highlighting the significance of open communication, staff involvement, and ongoing adaption for success.
Development of Women's Entrepreneurship and the Role of Women in SMEs Hayu Lusianawati; Nurdiani, Tanti Widia; Hayati, Feb Amni
West Science Journal Economic and Entrepreneurship Vol. 1 No. 02 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i02.267

Abstract

This research delves into the intricate landscape of women's entrepreneurship within Small and Medium Enterprises (SMEs) in Indonesia, examining the challenges, opportunities, and the broader societal implications. Employing a mixed-methods approach, we surveyed 500 women entrepreneurs and conducted in-depth interviews and case studies to provide a comprehensive understanding. The quantitative analysis illuminates the demographic profile, business characteristics, and challenges faced, while qualitative insights offer depth and context. Thematic analysis captures the narratives of resilience, determination, and community impact. The findings contribute to the discourse on women's entrepreneurship, guiding policymakers, businesses, and support organizations toward fostering a more inclusive entrepreneurial environment in Indonesia.
Analysis of the Impact of Technological Change on Marketing Practices Setiawan, Zunan; Sinaga, Hommy Dorthy Ellyany; A., Chevy Herli Sumerli; Judijanto, Loso
West Science Journal Economic and Entrepreneurship Vol. 1 No. 10 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i10.268

Abstract

This research investigates the impact of technological change on the marketing practices of Micro, Small, and Medium Enterprises (MSMEs) in Indonesia through a comprehensive quantitative analysis. Surveys were conducted among a diverse sample of 500 MSMEs, spanning various sectors. The findings reveal a landscape of varied technological adoption, with financial constraints and a digital skills gap emerging as predominant challenges. Nevertheless, the study highlights the transformative potential of technology, showcasing improved customer engagement, expanded market reach, and enhanced performance metrics. The synthesis of results informs practical strategies for MSMEs, policy recommendations for stakeholders, and avenues for future research. This research contributes valuable insights into the nuanced relationship between technology and MSMEs, offering a foundation for informed decision-making in the rapidly evolving digital landscape.
The Effect of Training and Development on Employee Productivity in the Digital Age Juliadi, Ertawan; Syafri, Muhammad; Hidayati, Nanda
West Science Journal Economic and Entrepreneurship Vol. 1 No. 10 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i10.289

Abstract

This research explores the impact of training and development initiatives on employee productivity in the digital age within start-up companies in Indonesia through a quantitative analysis. A diverse sample of 500 employees from various sectors provided valuable insights. The findings revealed a positive correlation between the effectiveness of training programs and employee productivity, emphasizing the unique dynamics of training in start-ups. The study also uncovered the moderating effect of employee engagement and the mediating role of the perceived work environment. These results contribute to the understanding of how strategic investments in training and development can foster a skilled and productive workforce in the dynamic landscape of Indonesian start-ups.
Application of Lean Manufacturing Principles in Increasing Factory Productivity Utami, Eva Yuniarti; Rijal, Syamsu; Iwang, Baso
West Science Journal Economic and Entrepreneurship Vol. 1 No. 10 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i10.290

Abstract

This study looks into how a manufacturing company in Indonesia might increase factory productivity by implementing Lean Manufacturing concepts. Employing a mixed-methods approach that blends quantitative surveys and qualitative interviews, the study investigates employee awareness, adoption, and perceptions of the effects of Lean techniques. The quantitative findings show that there is a significant increase in productivity, a high degree of awareness, and partial implementation. Additional correlation analysis demonstrates a strong positive association between increases in important production metrics and the degree of Lean implementation. Qualitative results emphasize the value of cultural adaptation, implementation difficulties, and successful communication outcomes. A comprehensive conversation highlights the relationship between high awareness and implementation status, highlighting the necessity of focused training and change management. The study ends with practical suggestions for maximizing Lean tactics within businesses, emphasizing the need of cultural adaptability and viewing obstacles as chances for growth.
Stock Fundamental Analysis and Investment Decision Making Dwitayanti, Yevi; Juliadi, Ertawan; Dewi, A.Ratna Sari
West Science Journal Economic and Entrepreneurship Vol. 1 No. 10 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i10.291

Abstract

This research investigates the relationship between stock fundamental analysis and investment decision-making among investors in the dynamic Indonesian stock market. Utilizing a mixed-methods approach, the study combines quantitative analyses of survey data and financial indicators with qualitative insights from interviews and focus group discussions. The findings reveal a significant prevalence of fundamental analysis among investors, with 75% actively incorporating it into their strategies. Subgroup analysis indicates varying utilization rates among individual retail investors (70%), institutional investors (80%), and analysts (85%). Regression analysis establishes a statistically significant positive correlation (β = 0.25, p < 0.05) between the application of fundamental analysis and investment success, with an adjusted R-squared of 0.48. The study identifies key market factors—regulatory changes, economic indicators, and market volatility—that influence the effectiveness of fundamental analysis. The qualitative analysis underscores nuanced investor perceptions and behavioral factors, contributing depth and context to the quantitative correlations. The integrated findings offer valuable insights for investors and policymakers, suggesting implications for informed decision-making and regulatory considerations in the Indonesian stock market.
The Impact of Creative Industries on Economic Growth: Case Studies in Developing Countries in Malaysia and Indonesia Syafri, Muhammad; Shobirin, Mochammad Syafiuddin; Ekowati, Dhiana; Maghfirah, Nuril
West Science Journal Economic and Entrepreneurship Vol. 1 No. 10 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i10.295

Abstract

This research presents a comprehensive examination of the impact of the creative industry on economic growth in the developing nations of Malaysia and Indonesia. Utilizing a mixed-methods approach, combining quantitative analyses and qualitative insights, the study explores the intricate relationships between creative industry performance, government policies, and cultural dynamics. Quantitative results reveal a statistically significant positive correlation between the creative industry and economic growth in both countries, with variations observed in export earnings and innovation. Government policies were found to significantly influence the creative sector's contribution to GDP. Qualitative findings underscore the pivotal role of cultural dynamics in shaping creative outputs and highlight challenges and opportunities within the industry. The synthesis of these results offers valuable insights for policymakers, economists, and stakeholders seeking to harness the economic potential of the creative industry for sustainable development in diverse socio-cultural contexts.
Innovation Performance Measurement in Entrepreneurial Business: A Comparative Study between Start-ups and More Established Enterprises Mardiani, Eri; Dewi, A.Ratna Sari; Panjaitan, Feliks Anggia Binsar Kristian; Damau, Unika Oktaviani
West Science Journal Economic and Entrepreneurship Vol. 1 No. 10 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i10.302

Abstract

Innovation performance measurement is an important aspect of understanding and improving entrepreneurial success, which has implications for economic development, organizational growth, and community welfare. This study uses comprehensive bibliometric analysis to systematically review and analyze the literature on innovation performance measurement in entrepreneurial business. The research covers startups and established companies, aiming to uncover key themes, influential works, and an ever-evolving research landscape in this dynamic field. His methodological approach integrates bibliometric analysis and visualization using VOSviewer, which provides a holistic view of the intellectual structure in the domain. Key findings include the identification of thematic groups, influential authors, and important works, which provide valuable insights for academics, practitioners, and policymakers involved in fostering innovation and entrepreneurship.

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