Determinants of the Small and Medium Enterprises Progress: A Case Study of SME Entrepreneurs in Manado, Indonesia

Rudy PRAMONO,L. W. SONDAKH,Innocentius BERNARTO,Juliana JULIANA,Agus PURWANTO 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.1

The purpose of this study is to descriptively reveal the demographic and business profile and personal-entrepreneurial characteristics in Manado, the capital of North Sulawesi, and secondly to associate these profiles and characters to their business progress. A sample size of 21 respondents was drawn - selected from those who warmly welcomed the interviewers for an open-ended structured questionnaire. SPSS 24 has been employed to descriptively reveal the sample distribution according to demographic factors and business entities and to determine the dominant factors affecting the progress of the business by testing the hypothesis on the association of variables under study using specified statistical analytical tools, such as regression analysis, especially stepwise regression formula, between specified dependent variables and independent variables and /or between all variables. The stepwise regression analysis has enabled the researcher to determine which variables are the most important reflecting the personal characteristics theorized as “locus of control”: self-efficacy, needs for achievement, personal traits, and barriers to business progress The analysis reveals that the progress of business does have an association and is dependent on the source of capital and education, needs for achievement and locus of control.

Adaptation Strategy of Tourism Industry Stakeholders During the COVID-19 Pandemic: A Case Study in Indonesia

Yustisia KRISTIANA,Rudy PRAMONO,Reagan BRIAN 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.4

The objectives of this study are (1) to describe the changes in the tourism industry that have occurred due to COVID-19; (2) explain the adaptation strategies of tourism industry stakeholders to maintain the resilience of Tanjung Puting tourism destination during the COVID-19 pandemic, and (3) explain the government’s strategy in supporting tourism industry stakeholders to maintain the sustainability of Tanjung Puting tourism destinations during the COVID-19 pandemic. This is qualitative research; data was collected through in-depth interviews and the collection of published documents or information related to the Tanjung Puting tourism destination. The data analysis technique used in this study was interactive analysis. The results of the study found that the COVID-19 pandemic caused the tourism industry to experience dormancy, tourism stakeholders who lost income, switched to other sectors and looked for other alternative jobs. Tourism workers are currently doing jobs outside the tourism sector to survive, but when tourism is running normally, will return to their main jobs. The strategy undertaken by the government is to build resilience at the meso level, focusing on tourism destinations. The findings of this study suggest that tourism industry players are required to be creative and innovative in facing this pandemic.

The Integration of Social Media to the Theory of Planned Behavior: A Case Study in Indonesia

Sabrina O,SIHOMBING,Rudy PRAMONO 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.5

Leader and leadership are one of the important aspects in the life of a country. This study aims to predict the intention of young voters to vote for state leader elections by expanding the theory of planned behavior to the Indonesian context. Apart from the importance of the presidential election, research rarely uses the theory of planned behavior, and to the best of researchers’ knowledge, there are no studies that have applied the theory of planned behavior to predict the intention to vote for the president. Therefore, this study is an attempt to fill that gap. Two hundred questionnaires were distributed using non-probability purposive sampling. Data analysis was carried out using the structural equation modeling (SEM) approach. The results showed that attitude and behavior control were positively related to voters’ intention to elect presidential candidates. Furthermore, information from social media also has a positive relationship with the attitude of choosing presidential candidates. However, the results also show that subjective norms do not have a significant relationship with voters’ intention. This study contributes knowledge to researchers, practitioners, and policymakers about the factors that influence youth intention to vote in Indonesia, namely, attitudes, perceived behavior control, and information from social media.

Transformational Leadership and Organizational Innovation

Eka Listiani KARTONO,Innocentius BERNARTO,Niko SUDIBJO,Rudy PRAMONO 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.6

Many researchers have studied the relationship between transformational leadership influence and organizational innovation; however, they have only shown inconclusive results. With task-oriented synergistic cooperation goal-oriented synergistic interaction as a mediating variable, the goal objective of this study was to fill the research gap between transformational leadership influence and organizational innovation. Data was collected through online electronic questionnaires using Likert Scales. This study used a census method, where the sample was all general insurance companies in Indonesia; hence, it can represent the general insurance industry. It involved 72 respondents, representing 72 general insurance companies that were actively operating in Indonesia in 2021. This research results offered crucial implications about the organizational interaction in the emerging market of the insurance industry, such as Indonesia. The survey responses were analyzed using Structural Equation Modelling (PLS-SEM) in Partial Least Square. This study found that transformational leadership positively influences organizational innovation. Then, the goal-oriented synergistic interaction has positively mediated transformational leadership influence and organizational innovation. Finally, goal-oriented synergistic interaction has a positive effect on organizational innovation. This study proposes an interaction among employees under influence of transformational leaders to achieve both explorative and exploitative innovation. Hence, leader practitioners can use the findings of this study to create synergistic interaction among followers to attain organizational innovation.

Effect of Service Quality Toward Student Satisfaction and Loyalty in Higher Education

MULYONO, Hardi,HADIAN, Arief,PURBA, Nelvitia,PRAMONO, Rudy Korea Distribution Science Association 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.10

This study analyzes the effect of quality of services provided to the students' in relation to their satisfaction and loyalty. Respondents in this study were seventh semester students of Universitas Muslim Nusantara Al-Washliyah, the total number of students was 312. Data analysis techniques in this study used was SEM (Structural Equation Modeling) using the SmartPLS program. The results showed that students' satisfaction significantly mediated the correlation between academics and students' loyalty, between non-academic and students' loyalty, between reputation and students' loyalty, and between campus access and students' loyalty; on the other hand, students' satisfaction was not significant in mediating the correlation between program issues and students' loyalty. The findings suggest that it is necessary to improve the quality of lecturers to improve students' academic abilities and communication skills. As far as non-academic aspects are concerned, conducting training and development efforts and increasing awareness programs for administrative staff is important. For the reputation aspect, to carry out several marketing campaigns which predict to have an effect upon students in building positive perceptions of campus has to be executed as well. Meanwhile for access aspect, it should be made certain that every student can have direct access to staff employees, and it is necessary to improve dimensions which can increase students' satisfaction so that students are convinced of their choice of campus and then they are likely to recommend their chosen university and spread positive things about their institutions.

Destination Loyalty Towards Bali

LEMY, Diena Mutiara,NURSIANA, Adinoto,PRAMONO, Rudy Korea Distribution Science Association 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.12

The focus of this research was on Bali, Indonesia as an international tourist destination. The survey strategy involved self-administered questionnaires distributed to collect data and information supporting this research. The sampling method was non-probability convenience purposive sampling, which means that only those respondents who had visited Bali as a destination for more than two times for their holiday by the time the research was conducted were eligible to fill in the questionnaires. There were 300 questionnaires distributed, only 254 of which were valid. Interview was also conducted for data collection in this research. The structural equation modelling approach was used to analyze the data obtained from respondents, who had visited Bali at least two times. The outcomes of this research reveal a positive influence of push and pull motivational factors on tourist satisfaction. Moreover, a positive, significant correlation between satisfaction and destination loyalty can be seen in this research. With the aim to sustain and enhance destination competitiveness, the results of this research will be beneficial for stakeholders of Bali as a destination. This study helps stakeholders identify push and pull motivational factors in order to better prepare marketing strategies and utilize indicators of push and pull motivation that affect tourists' experience during their stay.

Millennial Transformational Leadership on Organizational Performance in Indonesia Fishery Startup

WANASIDA, Albert Surya,BERNARTO, Innocentius,SUDIBJO, Niko,PRAMONO, Rudy Korea Distribution Science Association 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.2

This study aims to understand the effect of millennial transformational leadership (MTL) on organizational performance in Indonesian Fishery startups. The population of this study included select fishery startups in Indonesia based on the data released by the Ministry of Marine Affairs and Fisheries of the Republic of Indonesia and Digital Fishery Network. This study used the statistical method of PLS-SEM to analyze the data. The findings show that the MTL has no direct positive relationship with organizational performance; MTL has a direct positive relationship with organizational agility; MTL has a direct positive relationship with IT capability; IT capability has a direct positive relationship with organizational agility; organizational agility has a direct positive relationship with organizational performance in fishery startups in Indonesia during this pandemic era. It is suggested that future researches use covariance-based-structural equation modeling which is able to test the research model's feasibility. Roles of mediating variables in addition to the main variables-for example, organizational agility as a mediating variable on the relationship between MTL and organizational performance - are also suggested to be examined. In spite of the limitations, the model developed is still interesting to investigate and is expected to enhance the literature on transformational leadership.

Modeling Fashion Brand Authenticity Toward Brand Usage Intention: Evidence from Indonesia

GINTING, Magdalena L.,SIHOMBING, Sabrina O.,ANTONIO, Ferdi,PRAMONO, Rudy Korea Distribution Science Association 2022 The Journal of Asian Finance, Economics and Busine Vol.9 No.6

The growth of local fashion brands in Indonesia is interesting because of the speed with which new designs are made, many variants are created, and local brands are developed. However, when it comes to buying local fashion products, the brand isn't the sole consideration. As a result, the marketing effectiveness of local fashion brands needs to be examined more thoroughly. The purpose of this study was to understand more about brand authenticity and how it affects brand usage intentions. The unit of analysis in this study was Generation Z, who purchase from local fashion companies online. A quantitative research methodology was used. The data was analyzed using the PLS-SEM method to test the hypotheses with the dependent variables. The variables were the intention of using the brand, the quality of the brand relationship, and the authenticity of the brand. The results of this study indicated that brand authenticity had an effect on brand usage intent and brand relations quality mediates the positive effect of brand authenticity on brand usage intent.

Too Big to Fail: Succession Challenge in Large Family Businesses

Hadi Cahyadi NG,Jacob Donald TAN,Sugiarto SUGIARTO,Anton Wachidin WIDJAJA,Rudy PRAMONO 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.1

This study investigated the main concerns and strategies in Indonesian large family businesses to undertake intergenerational succession effectively. The research data was obtained to shed light on the incumbents’ mindsets, key preferences, and experiences during the succession process. Access to incumbents of large family businesses that are conglomerates is scant. The preceding survey research was conducted to sensitize with the intricacy of the intergenerational succession process in large family businesses before entailing interpretative phenomenology analysis of qualitative data from interviews, observations, and field notes by approaching family members in five conglomerate groups that have major impacts on the economy. The findings explicate the incumbents’ preferred criteria in choosing their successors as well as their perceived concerns revolving around the appointment. Additionally, the incumbents’ succession approaches such as apprentice learning by successors, adaptability to external forces by successors, nurturing the entrepreneurial spirit in successors, governance establishment in the firms, business interest stimulation in successors, role modeling by incumbents, and collaboration between family and key non-family members are elicited during the intergenerational succession process. This study concluded with noteworthy implications for incumbents and successors in large family businesses, especially providing explicit criteria and strategies to appoint suitable successors, and suggesting potential avenues for future research.

Perceptions, Attitudes, and Interests of Halal Tourism: An Empirical Study in Indonesia

Juliana JULIANA,Amelda PRAMEZWARY,Nonot YULIANTORO,John Tampil PURBA,Rudy PRAMONO,Agus PURWANTO 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.7

The aim of this study is to analyze the correlation between concept perceptions and people’s attitudes in halal tourism, development perceptions and people’s attitudes, attitude and people’s interest, concept perceptions and people’s interest, development perceptions and people’s interest, concept perceptions and people’s interest, and development perceptions and people’s interest. The method used in this research is SEM (Structural Equation Modeling) method. The population in this study was all Banten people. The samples in this study were respondents in five districts/cities in Banten, namely Tangerang (127 respondents), Serang (63 respondents), Pandeglang (97 respondents), Lebak (69 respondents), and Tangerang City (62 respondents). The sampling technique used is cluster random sampling. The data collection method used by researchers is a survey through filling out an online questionnaire. Based on regression test results shows concept perceptions has a significant effect on people’s attitudes Development perceptions has no significant effect on people’s attitudes, the attitude has no significant effect on people’s interest, concept perceptions have no significant effect on people’s interest, development perceptions have no significant effect on people’s interest. Concept perceptions have no significant effect on people’s interests through people’s attitudes. Development perceptions have no significant effect on people’s interests through people’s attitudes.