cover
Contact Name
Ahmad Salman Farid
Contact Email
ahmadsalmanfarid@stain-madina.ac.id
Phone
+6281218181955
Journal Mail Official
ahmadsalmanfarid@stain-madina.ac.id
Editorial Address
Huta Baringin, Kec. Panyabungan Barat Kab. Mandailing Natal 22911 Indonesia
Location
Kab. mandailing natal,
Sumatera utara
INDONESIA
Involvement International Journal of Business
ISSN : -     EISSN : 3032485X     DOI : https://doi.org/10.62569/iijb.v1i2.13
Core Subject : Economy, Science,
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.
Articles 48 Documents
Exploring Customer Experiences and Perceptions towards the Implementation of Digital Banking Services: A Case Study of Millennials in Mandailing Natal Rukiah
Involvement International Journal of Business Vol. 1 No. 2 (2024): April 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i2.22

Abstract

This qualitative study investigates the perceptions and experiences of millennials regarding the implementation of digital banking services in Mandailing Natal. Through in-depth interviews with a purposive sample of millennials, key insights have emerged. Convenience and accessibility emerged as paramount factors driving millennials' adoption of digital banking services. Participants highly valued the ability to conduct banking transactions anytime, anywhere, through user-friendly mobile apps. Trust and security were also crucial, with concerns about privacy and security prevalent among participants. Financial institutions must prioritize robust security measures and transparent communication to build trust and encourage adoption. Additionally, the study revealed diverse preferences and usage patterns among millennials, emphasizing the need for tailored digital banking offerings. Education and awareness emerged as essential in shaping millennials' attitudes, highlighting the necessity for improved communication efforts from financial institutions. Understanding and addressing the needs, preferences, and concerns of millennials are crucial for enhancing the adoption and utilization of digital banking services in Mandailing Natal. By prioritizing convenience, trust, personalization, and education, financial institutions can better meet millennials' evolving needs and foster greater engagement and satisfaction with digital banking services.  
Navigating Crisis: Strategic Adaptations in Family Businesses Amid Economic Uncertainty Erni Yusnita Siregar
Involvement International Journal of Business Vol. 1 No. 2 (2024): April 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i2.23

Abstract

This research delves into the strategic adaptations made by family businesses to navigate crises amidst economic uncertainty. Family businesses represent a significant portion of the global economy and face unique challenges during periods of economic instability. Through a comprehensive review of academic literature, case studies, and expert insights, this study identifies key strategies employed by family businesses to withstand turbulent economic conditions. The findings highlight the critical role of clear communication and transparent decision-making processes in ensuring business resilience during crises. Family businesses that prioritize open dialogue among stakeholders are better equipped to respond effectively to challenges and maintain continuity. Moreover, flexibility within business models emerges as essential for adapting to rapidly changing market dynamics. Family businesses often leverage their inherent strengths, such as strong relationships with customers and communities, to navigate crises successfully. Prudent financial planning and risk management are identified as fundamental for safeguarding the financial stability of family businesses amidst economic uncertainty. Effective management of resources and proactive risk mitigation strategies enable businesses to weather downturns and position themselves for recovery. Additionally, the study emphasizes the importance of maintaining a long-term perspective and fostering family unity during crises. Family businesses that prioritize cohesion and collaboration among family members demonstrate greater resilience and are more likely to emerge stronger from adversity. By synthesizing these insights, this research provides valuable guidance for family business owners, managers, and policymakers facing economic uncertainty.
Risk Management Strategies in Facing Global Financial Market Volatility Darwin Nasution
Involvement International Journal of Business Vol. 1 No. 2 (2024): April 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i2.30

Abstract

Global financial market volatility refers to the unpredictable fluctuations in the prices of financial assets such as stocks, bonds, currencies, and commodities. This volatility can stem from various factors such as economic indicators, geopolitical events, policy changes, technological advancements, and investor sentiment. This research aims to analyze effective risk management strategies in facing global financial market volatility. Market volatility often triggers anxiety, uncertainty, and irrational investment decisions. In this situation, it is important for investors to adopt the right strategies to minimize risks and maximize long-term investment outcomes. In this study, data is collected from various sources related to global financial market volatility and risk management strategies adopted by investors during periods of uncertainty. Qualitative and quantitative analyses of this data are conducted to identify patterns of investor behavior and the effectiveness of applied risk management strategies. The research findings indicate that maintaining a long-term perspective, retaining portfolio diversification, and taking an active approach to risk management are effective strategies in dealing with market volatility. Open communication with financial professionals is also proven to be essential in helping investors stay calm and make rational decisions.
A Case Study On Mergers And Amalgamations Of Canara Bank And Syndicate Bank Vaishnav Goud Shambula; Mohd. Mansoor Hussain
Involvement International Journal of Business Vol. 1 No. 3 (2024): July 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i3.25

Abstract

A well-functioning financial system is crucial for a modern economy, with banks playing a vital role in economic and social stability. Public Sector Banks, particularly, are key in generating revenues from rural areas and expanding financial services to underserved regions. This study examines Canara Bank's performance and growth over the past five years, focusing on key financial parameters and the recent merger with Syndicate Bank. The research employs a doctrinal methodology, using secondary data sources, mainly the annual reports of Canara Bank. Key performance indicators analyzed include operating profit, net profit/net loss, net NPA ratio, capital adequacy ratio, and advances, providing a comprehensive overview of the bank's financial health and growth. The analysis reveals trends in Canara Bank's financial performance, with fluctuations in operating profit and net profit, variations in the net NPA ratio, and changes in the capital adequacy ratio. The merger with Syndicate Bank is assessed, highlighting its effects on financial stability and operational efficiency. The merger between Canara Bank and Syndicate Bank is a significant event in the Indian banking sector, with implications for financial inclusion and service expansion in rural areas. The study discusses these impacts, offering insights into how the merger has influenced Canara Bank's performance and strategic direction. The study summarizes key findings and suggests future strategies to enhance Canara Bank's performance post-merger. Recommendations focus on improving financial metrics and leveraging the merger to expand services and increase revenue generation, particularly in rural areas. 
A Study on Risk Management in Corporate Business Saradha Balaji; Lolakpuri Shreshta; K. Sujatha
Involvement International Journal of Business Vol. 1 No. 3 (2024): July 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i3.26

Abstract

The complexity of today's corporate landscape underscores the importance of robust risk management strategies for organizational resilience and sustainability. This study investigates the methodologies and effectiveness of risk management practices in corporate settings, emphasizing key components that contribute to success. Using a mixed-methods approach, the study surveyed 100 corporate managers and conducted in-depth interviews with 20 senior risk management professionals. Findings indicate that companies with comprehensive risk management frameworks perform significantly better in mitigating risks compared to those with minimal strategies. Key elements identified include proactive risk assessment, continuous monitoring, and integration into corporate culture. Senior management involvement also correlates positively with effective risk management outcomes. Despite recognition of its importance, challenges such as resource constraints, inadequate training, and resistance to change hinder implementation. The study highlights the need for ongoing improvement in risk management practices through enhanced training and greater leadership engagement. It stresses the critical role of structured risk management in corporate sustainability and resilience, advocating for further research into innovative tools and strategies to meet evolving business challenges.
A Comprehensive Analysis Of Startup Ecology In India With Reference To Young Entrepreneurs In Digital Era Chandra Bhooshan Singh; Rakshak Bharti; Satvik Jain
Involvement International Journal of Business Vol. 1 No. 3 (2024): July 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i3.37

Abstract

This study explores the complex dynamics of India's startup scene with a particular emphasis on the critical role that young entrepreneurs play in the wake of the digital revolution. In light of India's significant economic transition to a technology-driven economy, this study attempts to offer a comprehensive overview of the opportunities, obstacles, and cutting-edge strategies that are emerging in the startup scene. Through an analysis of past viewpoints, present patterns, and potential future developments, the article illuminates the development of the ecosystem and highlights the adaptability and ingenuity of youthful entrepreneurs utilising digital technologies. This investigation adds to the continuing conversation on creating an atmosphere that is favourable for startups to prosper in India, with a particular emphasis on government regulations, frameworks, and case studies of prosperous endeavours. The abstract lays the groundwork for a thorough examination, emphasising the role that young creativity and the digital environment play in determining the course of the Indian startup ecosystem.
Entrepreneurship of Islamic Business Management Students in Post-Graduation Business Practices Muhammad Ardiansyah; Léo-Paul Dana; Vanessa Raten
Involvement International Journal of Business Vol. 1 No. 3 (2024): July 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i3.40

Abstract

This study explores the entrepreneurship trends among Islamic business management students upon graduating, focusing on their integration of Islamic principles into business practices. Qualitative interviews were conducted with recent graduates to investigate their entrepreneurial intentions, challenges faced, and the influence of their educational background on business decisions. Findings indicate a strong inclination among graduates towards entrepreneurship, driven by a desire to align business ventures with Islamic ethical values. They encounter significant challenges such as accessing Sharia-compliant financing, navigating regulatory frameworks, and establishing networks within the Islamic business ecosystem. Graduates leverage their educational experiences, which combine practical entrepreneurial skills with Islamic business ethics, to navigate these challenges. Mentorship and supportive networks play pivotal roles in their entrepreneurial journey, providing guidance in both conventional business practices and Islamic finance intricacies. Opportunities within the Islamic economy, including halal products and ethical investments, are identified as key markets for entrepreneurial endeavors. Islamic business management graduates demonstrate a proactive stance towards entrepreneurship, integrating Islamic principles into their business models while navigating complex challenges. Educational programs that blend Islamic ethics with entrepreneurial skills are crucial in preparing graduates for sustainable ventures within the Islamic economy, emphasizing the need for ongoing support and adaptation in a dynamic market environment.
Optimization of SME Marketing Strategies through Digital Data-Based Customer Profitability Analysis: A Case Study of SMEs in the Former Surakarta Residency Ramadhian Agus Triono Sudalyo; Nurita Elfani Prasetyaningrum; Mohammad Ali Nurdin
Involvement International Journal of Business Vol. 1 No. 3 (2024): July 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i3.43

Abstract

This study explores the potential of digital data-based customer profitability analysis in optimizing marketing strategies for Small and Medium Enterprises (SMEs) in the former Surakarta Residency, Indonesia. Using a mixed-method approach, including semi-structured interviews with 15 SME owners/managers, direct observations, document analysis, and an online survey of 250 customers, the research investigates the current state of digital data adoption, challenges in implementation, and the impact of customer profitability analysis on marketing effectiveness. The study employs RFM (Recency, Frequency, Monetary) analysis for customer segmentation and calculates Customer Lifetime Value (CLV) to identify key profitability drivers. Findings reveal limited awareness and implementation of digital data-based customer profitability analysis among SMEs, primarily due to resource constraints and technical expertise limitations. The research identifies four customer segments, with 15% (Platinum customers) contributing significantly to profitability. Purchase frequency and average transaction value emerge as primary profitability drivers. The study concludes that while digital data-based customer profitability analysis offers significant potential for optimizing SME marketing strategies, realizing this potential requires collaborative efforts from SME stakeholders, policymakers, and support institutions to address implementation challenges and build a supportive ecosystem for data-driven marketing practices.
The Practice Of Programme-Based Budgeting: A Case Study Of  A Mosque In Surabaya Hari Santoso Wibowo; Muh Syahril Sidik Ibrahim; Ibnu Nafi Ahmad; Muhammad Fuzail
Involvement International Journal of Business Vol. 1 No. 3 (2024): July 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i3.44

Abstract

This research article delves into the budget planning process at the Ar-Rahmah Mosque in Surabaya, employing a qualitative case study approach. Data was gathered through interviews with key mosque administrators, including the director, treasurer, and department heads. The findings reveal that the Ar-Rahmah Mosque adopts a bottom-up, program-based budgeting method. This process encompasses the preparation and ratification stages of the budget, with careful consideration of revenue and expense forecasting, as well as budget approval. The study highlights that this approach facilitates a more inclusive and participatory budgeting process, ensuring that the financial plan aligns closely with the mosque's various programs and activities. The implications of this research are particularly significant for other mosques and nonprofit organizations looking to enhance their budget planning strategies. By adopting a program-based budgeting approach, these organizations can potentially achieve greater financial efficiency and transparency. This case study of the Ar-Rahmah Mosque provides a valuable model for effective budget planning that can be emulated by similar institutions aiming to improve their financial management practices.
Psychological Determinants of Investment Decisions: Analyzing Financial Behavior in Personal Investments Chandra Bhooshan Singh; Nistha Sharma; Mariyam Ahmed
Involvement International Journal of Business Vol. 1 No. 4 (2024): October 2024
Publisher : PT Agung Media Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62569/iijb.v1i4.46

Abstract

Understanding the psychological factors that influence investor behavior is critical in the dynamic world of financial markets. Financial conduct encompasses the decisions and behaviors individuals exhibit in managing their finances, including investments in various asset classes. Factors such as risk tolerance, cognitive biases, emotional influences, and financial knowledge significantly shape investment outcomes. Gaining long-term financial success requires mastery over these behavioral aspects. This study investigates the influence of three psychological factors—information asymmetry, problem framing, and risk propensity—on the investment decisions of 220 active investors trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). A quantitative research approach was employed, utilizing a structured questionnaire to collect data. Statistical analyses, including regression and correlation analysis, were used to assess the relationships between these psychological variables and investment behaviors. The results reveal significant correlations between psychological factors and investment decisions. Information asymmetry, problem framing, and risk propensity were found to strongly influence individual investor choices. These findings shed light on the intricate role that cognitive biases and psychological processes play in shaping financial decision-making. The study's findings offer valuable insights into the psychological drivers behind investment behavior. By highlighting the impact of these factors, the research contributes to both academic understanding and practical applications for financial professionals. The results underscore the importance of enhancing financial literacy and investor education, enabling more informed decision-making and promoting improved financial outcomes.