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Contact Name
Yana Priyana
Contact Email
mrpyana@gmail.com
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+6282115575700
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info@westscience-press.com
Editorial Address
Grand Slipi Tower, level 42 Unit G-H Jl. S Parman Kav 22-24, RT. 01 RW. 04 Kel. Palmerah Kec. Palmerah Jakarta Barat 11480
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INDONESIA
West Science Journal Economic and Entrepreneurship
Published by Westscience Press
ISSN : -     EISSN : 29863996     DOI : https://doi.org/10.58812/wsee.v1i02
Core Subject : Economy,
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.
Articles 352 Documents
The Influence of Bank Mandiri's Entrepreneur Expo in Increasing the Spirit of Entrepreneurship at the 25th Anniversary in West Java Province Hilma Farhani; Muhamad Ammar Muhtadi
West Science Journal Economic and Entrepreneurship Vol. 1 No. 09 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i09.219

Abstract

This research investigates the impact of Bank Mandiri's Entrepreneur Expo on the spirit of entrepreneurship during its 25th Anniversary celebration in West Java Province. Employing a mixed-methods approach, we assess the influence of the expo on attendees' entrepreneurial spirit through quantitative surveys and gain deeper insights into their experiences and perceptions via qualitative interviews. The quantitative analysis reveals that expo attendees exhibit significantly higher levels of motivation, willingness to take risks, innovation, and intention to start a business compared to non-attendees. Qualitative findings highlight the expo as an inspirational platform that offers networking opportunities, knowledge acquisition, and a confidence boost. Overall, Bank Mandiri's Entrepreneur Expo emerges as a significant catalyst for fostering entrepreneurship, providing valuable lessons for organizations and policymakers seeking to promote entrepreneurship and innovation within their communities.
To Investigate the Foreign Investment in US Stock Market in Overcoming the Rising Inflation Rate in Malaysia Wee Win Yeoh
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.v1i10.229

Abstract

The purpose of this study had been targeted to explore the investigation on the foreign investment in US stock market in aligned to understand the potential market return to overcome the rising inflation rate in Malaysia. This had been motivated by the increasing interest and preference among the local investors in Malaysia into seeking into alterative investment method in foreign investment market which include foreign stock market. Therefore, the quantitative study had been conducted where the combination of the correlation analysis and regression analysis will test the research framework for the study and further comparative analysis had bene used to identify the comparison between the performance of the foreign stock market return against the inflation rate in Malaysia. The results had proven that only the inflation rate between Malaysia and US remained significant having positive relationship between the two variables rejecting other suggestion from the research framework. The comparative analysis had unveiled that the foreign stock market return considering the exchange rate through NYSE and NASDAQ had been greater and significantly surpass the inflation rate in Malaysia suggesting the recommendation for the investors to invest in the US stock market to overcome the inflation pressure in Malaysia.
The Influence of the External Environment on Business Strategy Planning and Implementation Ari Purwanti; Loso Judijanto; Najdah Thalib
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.v1i02.263

Abstract

This research investigates the influence of the external environment on business strategy planning and implementation in Micro, Small, and Medium Enterprises (MSMEs) in Indonesia through a quantitative analysis. The study encompasses a diverse sample of participants representing various industries, business sizes, and geographic locations. Perceived impacts of external factors, such as economic conditions, technological changes, regulatory factors, and competitive forces, were assessed. Additionally, the study explored the success of business strategy formulation and implementation across different industries. A regression analysis was conducted to uncover relationships between external factors and business strategy success. The findings reveal industry-specific nuances, emphasizing the importance of tailored strategies for MSMEs in Indonesia. The research contributes to the understanding of strategic management in the MSME sector and provides insights for policymakers and practitioners seeking to enhance the resilience and growth of these enterprises.
The Effect of Business Environment and Resource Adequacy on SME Performance Jaluanto Sunu Punjul Tyoso; Mei Rani Amalia; Dwi Urip Wardoyo
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; Tanti Widia Nurdiani; Loso Judijanto; Ibrahim Mallam Fali
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 Eva Yuniarti Utami; Rosita Mei Damayanti; Diah Pramesti; Dama Yuninata; Rohmawan Adi Pratama
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; Tanti Widia Nurdiani; Feb Amni Hayati
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 Zunan Setiawan; Hommy Dorthy Ellyany Sinaga; Chevy Herli Sumerli A.; Loso Judijanto
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 Ertawan Juliadi; Muhammad Syafri; Nanda Hidayati
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 Eva Yuniarti Utami; Syamsu Rijal; Baso Iwang
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.

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