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Involvement International Journal of Business
Published by PT Agung Media Publisher
ISSN : -     EISSN : 3032485X     DOI : https://doi.org/10.62569/iijb.v1i2.13
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
Authors are invited to contribute original research on a wide range of topics including financial management, marketing strategies, human resource management, entrepreneurship and innovation, international business, supply chain management, corporate governance, economics and business environment, strategic management, ecommerce and digital business, corporate social responsibility, financial technology, business management, green business practices, organizational leadership, risk management and compliance, corporate finance, small and medium sized enterprises, business ethics, and management of change.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis dan Menejemen Intetrnasional
Articles 5 Documents
 1 
Search results for , issue "Vol. 1 No. 1 (2024): January 2024" : 5 Documents clear
The Impact of Financial Management Practices on Firm Performance: A Study of the Manufacturing Sector in Indonesia Rizka Ar Rahmah; Fred Ojochide Peter
Involvement International Journal of Business Vol. 1 No. 1 (2024): January 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i1.2

Abstract

This study aims to examine the impact of financial management practices on the performance of firms operating in the manufacturing sector in Indonesia. In this study, we collected data from a number of manufacturing companies in Indonesia and analyzed the relationship between financial management practices and key performance indicators such as profitability, liquidity, and solvency. The findings of this study indicate that effective financial management practices have a positive impact on the performance of companies in the manufacturing sector in Indonesia. Disciplined and measurable budgeting practices have been shown to significantly contribute to increased profitability. Careful and regular financial analysis also helps companies identify performance trends, measure operational efficiency, and make better decisions. Furthermore, efficient working capital management practices have a positive impact on the liquidity of companies. Companies that are able to manage inventory effectively and implement prudent credit policies tend to have healthy cash flow and avoid liquidity problems. Additionally, making smart investment decisions based on thorough analysis also contributes to improved solvency. Companies that carefully consider risks and potential returns in investment decision-making have a healthier capital structure and are better able to meet their financial obligations. The findings provide a better understanding of the importance of effective financial management practices in enhancing the performance of companies in the manufacturing sector in Indonesia. 
International Market Development Strategies for Enhancing Global Expansion in the Export Industry Muhlisah Lubis; Balakrishnan Muniapan
Involvement International Journal of Business Vol. 1 No. 1 (2024): January 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i1.3

Abstract

This research paper explores a range of international market development strategies that companies can adopt to enhance global expansion in the export industry. The study emphasizes the significance of conducting comprehensive market research, which enables businesses to identify target markets with high demand and subsequently improve market penetration and increase export sales. Furthermore, the findings highlight the importance of market segmentation in tailoring offerings to meet specific market needs, resulting in higher customer satisfaction and a larger market share. The research also reveals that conducting competitive analysis is crucial for companies to differentiate their offerings, develop competitive advantages, and improve their market positioning, ultimately leading to increased market share. The study underscores the importance of selecting the appropriate entry mode, such as direct exporting, licensing, or joint ventures, as it significantly impacts the success of global expansion efforts. Additionally, the research emphasizes the significance of developing efficient distribution channels to ensure timely and cost-effective delivery of products, thereby enhancing customer satisfaction and facilitating market penetration. The findings also stress the importance of adapting branding and marketing strategies to align with local cultural preferences and linguistic nuances, which helps establish a strong brand presence, foster customer loyalty, and gain market acceptance. Moreover, the research highlights the role of government support, trade agreements, and financial incentives in facilitating global expansion. Leveraging these resources provides companies with valuable market insights, resources, and financial assistance, thereby bolstering their international expansion endeavors. 
Integrating Corporate Social Responsibility into Business Strategy: Creating Sustainable Value Muhammad Ardiansyah; Alhamzah Alnoor
Involvement International Journal of Business Vol. 1 No. 1 (2024): January 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i1.5

Abstract

This research aims to explore the integration of Corporate Social Responsibility (CSR) into business strategy and its impact on creating sustainable value. The identified steps in the integration of CSR include defining purpose and values, identifying material issues, setting goals and targets, embedding CSR throughout the organization, engaging stakeholders, integrating CSR into decision-making, measuring and reporting progress, and fostering a culture of continuous improvement. The research highlights significant findings related to the integration of CSR into business strategy. Some key findings include a positive correlation between CSR practices and financial performance, including increased profitability and improved brand reputation. Additionally, integrating CSR can provide advantages in terms of competitive advantage, higher employee engagement, risk mitigation, stakeholder trust, and innovation in product or service development. The challenges that arise in the integration of CSR, such as resource constraints, resistance to change, and the need for effective implementation strategies. In conclusion, this research emphasizes the importance of integrating CSR into business strategy to create sustainable value. By aligning business objectives with social and environmental goals, engaging stakeholders, and continuously improving CSR practices, organizations can contribute to a more sustainable and inclusive future. Moreover, integrating CSR into business strategy can lead to benefits such as improved financial performance, better relationships with stakeholders, and new opportunities for innovation.
Evaluation of Compensation Policies and Their Impact on Employee Retention in the Food Industry Sari Fitri
Involvement International Journal of Business Vol. 1 No. 1 (2024): January 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i1.6

Abstract

This research study explores the evaluation of compensation policies and their impact on employee retention in the food industry. Employee retention is a critical concern for businesses operating in this highly competitive sector. The study aims to understand the relationship between compensation policies and employee retention, providing insights into the strategies that can be implemented to attract and retain skilled employees. The research methodology involves a comprehensive analysis of existing literature, industry reports, and case studies to gather relevant data on compensation policies and their impact on employee retention in the food industry. The findings highlight the significant factors that influence employee retention and the effectiveness of compensation policies in addressing these factors. The study reveals that fair and competitive compensation packages play a vital role in attracting and retaining skilled employees in the food industry. When employees feel adequately rewarded for their contributions, they are more likely to stay with the organization. Regular market analysis and benchmarking are crucial to ensure that compensation policies remain competitive and aligned with industry standards. Performance-based incentives, such as bonuses and recognition programs, are found to have a positive impact on employee motivation and retention. By rewarding high-performing employees, organizations foster a culture of excellence and encourage continuous improvement. Additionally, offering comprehensive benefits and perks, including healthcare plans, flexible work arrangements, and professional development opportunities, is instrumental in enhancing job satisfaction and promoting employee retention.
Analysis of Economic and Environmental Benefits of Green Business Practices in the Hospitality and Tourism Sector Siti Kholijah
Involvement International Journal of Business Vol. 1 No. 1 (2024): January 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i1.7

Abstract

This research presents an analysis of the economic and environmental benefits resulting from the adoption of green business practices in the hospitality and tourism sector. The study explores the growing significance of sustainability in this industry and investigates the specific findings and advantages associated with embracing environmentally friendly practices. By conducting a comprehensive review of pertinent literature, incorporating case studies, and examining empirical evidence, this article provides valuable insights into the potential economic and environmental benefits of green practices in the hospitality and tourism sector. The analysis reveals that green business practices in the hospitality and tourism sector can lead to substantial cost savings and improved operational efficiency. Implementation of energy and resource management strategies, such as energy-efficient lighting, water conservation measures, waste reduction, and sustainable procurement, can result in reduced operational costs and enhanced overall efficiency. Furthermore, the study finds that adopting green practices can generate new revenue streams and differentiate businesses in the market. Effective eco-friendly branding and marketing strategies attract environmentally conscious consumers, leading to increased customer loyalty and potential revenue growth. The analysis also uncovers the positive environmental impacts of green practices, including reduced carbon emissions, waste generation, and resource consumption. Measures like renewable energy adoption, waste recycling, and water conservation contribute to a reduced carbon footprint, conservation of natural resources, and preservation of local ecosystems and biodiversity. Governmental support and incentives are identified as crucial drivers in the adoption of green business practices in the hospitality and tourism sector. 

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