scholarly journals MANAJEMEN KEUANGAN DAN PEMASARAN DARING EFEKTIF, STRATEGI BANGKITKAN KEMBALI PEREKONOMIAN PAGUYUBAN UMKM BATIK JETIS SIDOARJO

2021 ◽  
Vol 5 (2) ◽  
pp. 442
Author(s):  
Yanuar Nugroho ◽  
Maurisia Putri Permatasari ◽  
Izmi Dwira Eriani
Keyword(s):  
Economic Crisis ◽  
Financial Management ◽  
Business Performance ◽  
Online Marketing ◽  
Business Continuity ◽  
Total Period ◽  
Mentoring Practices ◽  
Increasing Knowledge ◽  
The Impact

AbstractKampoeng Batik Jetis Sidoarjo has existed since 1,675 with the character of Sidoarjo's traditional hand-drawn batik which until now has been well preserved. It is named Kampoeng Batik Tulis because the majority of residents of Jetis sub-district, Sidoarjo sub-district are batik makers. During the economic crisis of the COVID-19, the efforts of SMEs in the Jetis Batik Community in developing business are not easy. Limited capital and uncertain market share are difficult problems for SMEs to deal with. The ability to manage the finances of SMEs business is very necessary for business performance and business continuity to anticipate the impact of the economic crisis. In addition, the SMEs of the Jetis Batik Community have always relied on outlet stores to market their products, resulting in a drastic drop in turnover due to social restrictions. This program is prepared to meet the need for increasing scientific knowledge and expertise that can support business continuity, especially SMEs, as well as increasing productivity and business profits that are run in the long term. This activity program will present professional speakers in related fields using knowledge sharing methods through lecture techniques, discussions, and mentoring practices in making management systems for operating business accounting records, business financial management, and marketing techniques for SMEs products. The target participants for this training are members of the UMKM of Batik Jetis, Sidoarjo Regency, who need special handling so that they can immediately rise from adversity, especially due to the impact of the Covid-19 pandemic economic crisis. This program is carried out in the form of training and mentoring activities for a total period of 6 months. There are several outcomes result from this activity, including increasing knowledge and insight in the field of operational management of business accounting records; increasing knowledge and insight in the field of business financial management; increasing ability and insight in the field of creative ideas in marketing SMEs products; increasing knowledge and insight in the field of online marketing techniques for SME products; increasing knowledge in the field of entrepreneurship; and improving the skills of members of the UMKM  Batik Jetis.Keywords: Crisis, Economic, financial, MarketingAbstrakKampoeng Batik Jetis Sidoarjo telah eksis sejak tahun 1.675 dengan karakter batik tulis tradisional Sidoarjo yang hingga kini terpelihara dengan baik. Dinamakan Kampoeng Batik Tulis karena mayoritas warga kelurahan Jetis Kecamatan Sidoarjo adalah pembatik. Di masa krisis ekonomi pandemi covid-19 seperti sekarang ini upaya UMKM di Paguyuban Batik Jetis dalam pengembangan usaha tidaklah mudah. Keterbatasan modal dan pangsa pasar yang tidak menentu menjadi masalah yang sulit dihadapi oleh UMKM. Kemampuan mengelola keuangan pelaku usaha UMKM sangat diperlukan untuk kinerja usaha dan keberlangsungan usaha untuk mengantisipasi dampak krisis ekonomi. Ditambah lagi para pelaku UMKM Paguyuban Batik Jetis selama ini selalu mengandalkan toko outlet untuk memasarkan produk menjadikan omzet menjadi turun drastis akibat pembatasan sosial. Program ini disiapkan untuk memenuhi kebutuhan akan peningkatan wawasan keilmuan dan keahlian yang dapat mendukung keberlangsungan usaha, terutama UMKM, serta peningkatan produktivitas dan keuntungan usaha yang dijalankan dalam jangka panjang. Program kegiatan ini akan menghadirkan pembicara-pembicara yang profesional di bidang terkait dengan menggunakan metode sharing knowledge melalui teknik ceramah, diskusi, dan praktik pendampingan pembuatan sistem manajemen pengelolaan operasional pencatatan akuntansi usaha, pengelolaan keuangan usaha, dan teknik pemasaran produk UMKM. Target peserta pelatihan ini adalah anggota UMKM Paguyuban Batik Jetis Kabupaten Sidoarjo, yang membutuhkan penanganan khusus agar dapat segera bangkit dari keterpurukan khususnya akibat dampak krisis ekonomi pandemi Covid-19. Program ini dilakukan dalam bentuk kegiatan pelatihan dan pendampingan selama kurun waktu total 6 bulan. Adapun beberapa luaran yang akan dihasilkan dari kegiatan ini, antara lain peningkatan pengetahuan dan wawasan di bidang pengelolaan operasional pencatatan akuntansi usaha; peningkatan pengetahuan dan wawasan di bidang pengelolaan keuangan usaha; peningkatan kemampuan dan wawasan di bidang ide kreatif dalam memasarkan produk UMKM; peningkatan pengetahuan dan wawasan di bidang teknik pemasaran produk UMKM secara daring; peningkatan pengetahuan dan wawasan di bidang kewirausahaan; dan peningkatan keterampilan anggota UMKM Paguyuban Batik Jetis.Kata Kunci: Krisis, Ekonomi, Keuangan, Pemasaran

scholarly journals The Impact of Equity Information as An Important Factor in Assessing Business Performance

Information ◽  
2021 ◽  
Vol 12 (2) ◽  
pp. 85
Author(s):  
Katarína Tasáryová ◽  
Renáta Pakšiová
Keyword(s):  
Financial Management ◽  
Quantitative Research ◽  
Business Performance ◽  
Z Score ◽  
Economic Decisions ◽  
Short And Long Term ◽  
Indirect Relationship ◽  
Almost All ◽  
The Impact

Assessing the business performance is an important aspect of almost all economic decisions at the microeconomic and macroeconomic level, in the short and long term. Information about the partners’ relationship to the business, their interest in the evaluation of investments can be explained by various indicators. It is relevant to understand the dependencies of the business performance and the amount of equity, while negative equity can be considered as critical information of existence. The purpose of quantitative research is to identify the relationship between reported negative equity and the business performance in Slovakia on an exhaustive sample of financial data of businesses with negative equity in the period 2014–2018. The business performance with negative equity is assessed through the Altman Z-score and the IN05 index, by classifying businesses into bankruptcy, prosperity and gray zones. Pearson’s correlation analysis between negative equity and Altman Z-score performance confirms the strong direct relationship between negative equity and the bankruptcy zone, the weaker indirect relationship between negative equity and the gray zone, and almost no dependence of negative equity and prosperity zone. In the case of the IN05 index, a low correlation was found between negative equity and all three zones. Although businesses with negative equity are in a bankruptcy zone, they do not have to close automatically, but they have to improve resource management, in particular to increase equity, for example by making a profit and good financial management.

scholarly journals Lalabet Financial Analysis: Study of Islamic Economics at Micro Level

2021 ◽  
Vol 4 (1) ◽  
pp. 233-244
Author(s):  
Ainorrofiqie Ainorrofiqie ◽  
Umrotul Khasanah ◽  
Akhmad Djalaluddin
Keyword(s):  
Financial Management ◽  
Financial Analysis ◽  
Financial Statements ◽  
The Body ◽  
Short Term ◽  
The Family ◽  
Micro Level ◽  
The Impact ◽  
The Village

This research aims to explore the model of financial management tradition Lalabet in the village of Babbalan District Batuan Sumenep. This study is based on the fact that occurred in the community about the implementation of traditions carried out by the heirs to family members who died. Interpretative qualitative research is used and an in-depth understanding of a problem that occurs is emphasized more. Based on the results of this study, the financial management tradition Lalabet can be done based on accounting equations. The accounts contained in the accounting equation is not used in its entirety and are reported as are generally financial statements. In this case, the source of funds in carrying out Lalabet tradition is sourced from personal money, money and donations from the family, money from Muslimat, debt, and money or goods from Lalabet's proceeds. The impact is the onset of debt both short-term and long-term. While the expenditure is in the form of costs in taking care of the body, costs for tahlilan (petto'arean), pa'polo, nyatos, nyataon, nyaebu, mangaji, ngin-tangin, nyalenin mayyid, and ajege makam (kep-sekep).

scholarly journals The Impact of Internal, External and Enterprise Risk Management on the Performance of Micro, Small and Medium Enterprises

2019 ◽  
Vol 11 (7) ◽  
pp. 2172 ◽  
Author(s):  
Dewi Hanggraeni ◽  
Beata Ślusarczyk ◽  
Liyu Adhi Kasari Sulung ◽  
Athor Subroto
Keyword(s):  
Risk Management ◽  
Financial Management ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
West Sumatra ◽  
Management Factors ◽  
Managing Risk ◽  
Medium Enterprises ◽  
Additional Value ◽  
The Impact

This paper aims to develop the role of internal factors, external factors, and risk management variables on MSMEs’ business performance. This research was conducted in underdeveloped regions of five provinces, which includes 14 cities in Indonesia—East Java, West Sumatra, North Sumatra, West Nusa Tenggara, and East Nusa Tenggara. The Resource-based view and Market-based view methods were chosen to measure 1401 data of MSMEs. The data was collected using offline questionnaires then processed using SPSS. This paper demonstrates a remarkable outcome for MSMEs, showing the significant result of risk management factors that includes risk assessment of marketing and financial management. Other independent variables of internal, external, and risk management factors also show important outcomes on MSMEs performance. This paper offers additional value of the implementation of ERM in MSMEs, which are spread in underdeveloped regions in Indonesia. The findings shown that the activity of the enterprises in identifying and managing risk would bring up the significant effect on operational business performances.

scholarly journals Financial management: The impact of performance indicators on the organizational profitability

2015 ◽  
Vol 13 (1) ◽  
pp. 84-96
Author(s):  
Hayat M. Awan ◽  
M. Ishaq Bhatti ◽  
Zahid Razaq
Keyword(s):  
Performance Management ◽  
Performance Indicators ◽  
Financial Management ◽  
Business Performance ◽  
Manufacturing Sector ◽  
Sampling Technique ◽  
Supportive Culture ◽  
Single List ◽  
Reliability Performance ◽  
The Impact

This paper investigates the financial management performance involved in increasing the firms’ profitability. It contributes to a single list of performance indicators which never existed in the literature empirically with reference to third world countries, like Pakistan. Stratified random sampling technique was used to select a sample of 200 manufacturing firms with process performance management system (PPMS) criteria to check the impact of performance indicators on the overall business performance index using ROE, ROA. The results of AHP analysis show that the “Supportive Culture” and “PPMS facilitate the competitive advantage” are the major facilitators for those organizations who have implemented the PPMS whereas firms without implementation of PPMS have major inhibitors as “ Non supportive culture” and ”Have another Performance System”. And the Measuring financial performance, Quality performance, Delivery reliability performance, customer satisfaction performance and employees satisfaction lead to increase in the organizational Profitability. This study will be helpful to the top management of the organizations from manufacturing sector regarding the implementing decision of the PPMS. The organization can choose the best indicators used by firms in order to achieve the overall excellence.

scholarly journals Treasury Financial Management company in the current economic crisis

2015 ◽  
Vol 4 (1) ◽  
pp. 24
Author(s):  
FLOAREA GEORGESCU
Keyword(s):  
Economic Crisis ◽  
Financial Management ◽  
Management Decision ◽  
Cash Management ◽  
Maximum Performance ◽  
Complex Issue ◽  
Business System ◽  
Operational Level ◽  
Current Economic Crisis ◽  
The Impact

Abstract. Any management decision has a direct monetary impact on the structure uses and sources of cash. Cash Management aims to permanently maintain a balance between inflows and outflows of cash and cash to predict the impact of any operational decisions that could affect these flows. The success of any business requires good management of all these flows.The principle of this approach is relatively simple: using a minimum of ores to obtain maximum performance in a given period. Cash management is an extremely complex issue, and balancing receipts and payments flow is a constant struggle for survival of firms.In It work we will focus on how they are oriented in a going concern basis, cash inflows and financing needs of current operations. Managers should understand and know the specific movements of cash within the business system, driven daily decisions on operating, investing or financing, and a variety of external circumstances which affect the company. Such decisions and events can affect the company's ability to pay its obligations to obtain credit from suppliers, banks or credit institutions and to maintain an operational level in line with the company's products and services through investments.

scholarly journals Critical Exploration of Indian Economic Reforms of 1991: a lesson for Developing Economies

2019 ◽  
Vol 8 (5S3) ◽  
pp. 490-500 ◽  
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Crisis ◽  
Developing Economies ◽  
Economic Reforms ◽  
Indian Economy ◽  
International Pressure ◽  
Critical Exploration ◽  
The Impact

The purpose of this research is to examine the impact of reforms that took place in Indian economy in 1991. Balance of payment difficulty resulted in acute economic crisis and therefore economic reforms were inevitable. Post this incident; there have been three more phases of economic reforms. Economic reforms were compelled due to international pressure of the situation post balance of payment crisis of 1991. The significance of this study lies in the derivation of various ways in which these reforms played a major role in the transformation of Indian economy in the form of its impact on poverty, education, socio-cultural mixture, economic growth etc. We have tried to revisit situation of payments crisis and tried to understand if these reforms were enough and were they concrete measures to tackle long-term problem or if they were only sufficient to handle the crisis. Finally we have tried to find out, as to what was left out of reforms or what other measures could have been taken. Balance of payment difficulties are difficulties faced by most of the underdeveloped or developing countries

scholarly journals What the impact of the economic crisis on the Brazilian’s lifestyle between 2013 and 2016? A long-term trend cross-sectional study.

2020 ◽  
Author(s):  
Sonny Állan Bezerra ◽  
Denilson Menezes Santos ◽  
Michele Maria Oliveira ◽  
Claudia Vanisse Costa ◽  
Elaynne de Oliveira ◽  
...  
Keyword(s):  
Economic Crisis ◽  
Negative Impact ◽  
Health Indicators ◽  
Cross Sectional Study ◽  
Sharp Drop ◽  
Cross Sectional ◽  
The Impact ◽  
Long Term Trend

Abstract Background: Brazil has been going through a period of economic crisis since 2015 and the impact on health indicators and the quality of life of the most recent crisis is unclear. This study sought to establish a relationship between the impact of the economic crisis experienced by Brazil during the period 2013-2016 and the lifestyle of adult populations in the 27 capitals of the Brazilian state.Results: According to the binary logistic regression model, at least completing secondary education increases the probability of individuals presenting higher LS by 4.9% (OR=1,049, 95% CI 1,029–1,070); being involved in some type of relationship decreases the probability of presenting a higher LS by 5.3% (OR=0.947, 95% CI 0.029-0.965); having an adequate body mass index increases LS by 27.3% (OR=1.273, 95% CI 1,245.10.10). Living in a city with a lower unemployment rate increases the probability of having a higher LS score by 3.8%(OR=1,038, 95% CI 1,012-1.064); living in a city with a more basic food basket decreases the probability of having a higher LS score by 5.4% (OR=0.946, 95% CI 0.910-0.982). Presenting higher yields decreases the probability of having a higher LS by 12% (OR=0.880, 95% CI 0.860-0.900). In addition, there was an increase in the percentage of leisure-time PA in 2015 (20.9%), followed by a decrease to 18.1% in 2016, after a stabilization period in 2013 (19.5%) and 2014 (19.6%). The physical exercise showed a steady annual increase, with a score of 49.6% in 2013, followed by 50.9% and 51.9% in 2014 and 2015, respectively, and ending with 54.5% in 2016. The "Watch TV 5x per week" indicator recorded a sharp drop between 2013 (27.9%) and 2015 (22.7%), as well as the consumption of soft drinks, which went from stable values in 2013 (19.5%) and 2014 (19%) 17.3% in 2015.Conclusion: In the case of Brazil, the economic crisis initially started in 2015 had a negative impact on the population over time, but these effects were only observed in the second year of crisis, being preceded by a temporary improvement of indicators.

scholarly journals Impact of quality on improvement of business performance and customer satisfaction

2021 ◽  
Vol 11 (1) ◽  
pp. 20-28
Author(s):  
Milena Cvjetković ◽  
Marko Vasiljević ◽  
Milovan Cvjetković ◽  
Milica Josimović
Keyword(s):  
Customer Satisfaction ◽  
Growth And Development ◽  
Business Performance ◽  
Consumer Confidence ◽  
Efficient Manner ◽  
Mutual Relations ◽  
High Level ◽  
The Impact

In an immense market struggle, the only effective way to build a long-term competitive advantage is to provide a high level of quality. Offering quality to the market, the organization creates loyal consumers on the basis of which it achieves its profitability, growth and development. The research presented in this paper is aimed at determination of the impact of quality on improving business performance and customer satisfaction. Correlation analysis confirmed this influence on the basis of obtained statistically significant mutual relations between the analyzed variables. Quality was shown to have an impact on improving the business performance of the organization, primarily on profitability through the improvement of leadership and relationship management. The impact of quality on customer satisfaction was also confirmed, where the engagement of people and the management of mutual relations had the greatest impact on consumer confidence. The research confirmed that the training of employees in terms of quality had a statistically significant impact on improving customer satisfaction, if it is conducted in an efficient manner.

scholarly journals The Influence of Strategic Leadership, Business Continuity Planning and Supply Chain Resilience on Organizational Performance: Instrument Validation

2021 ◽  
Vol 12 (2) ◽  
pp. 228
Author(s):  
Mosaab A Habani ◽  
Suzilawati Kamaruddin
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Business Performance ◽  
Business Continuity ◽  
Strategic Leadership ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Business Continuity Planning ◽  
Continuity Planning ◽  
The Impact

Managing supply chain disruption needs to be considered an important activity for organizations. Supply chain risk management implies identifying, assessing, monitoring, and evaluating the potential risks across all supply chain members. The process of risk management emphasizes the improvement of supply chain performance through designing appropriate strategies. To be more precise, the chief responsibility in supply chain risk management is to ensure quality performance during crises and disruptions. Hence, identifying and validating risk-relevant factors that leads to superior business performance is necessary.  This study aims to validate the instrument to measure the impact of factors associated with business performance i.e., strategic leadership, business continuity planning, and resilience to disruption. This paper contributes to the literature by developing a comprehensive model that strengthens a firm’s resilience to disruption and leads to superior business performance.

scholarly journals Economic Crisis Impact and Social Determinants of Perinatal Outcomes and Infant Mortality in Greece

2020 ◽  
Vol 17 (18) ◽  
pp. 6606
Author(s):  
Christos Zilidis ◽  
Christos Chadjichristodoulou
Keyword(s):  
Infant Mortality ◽  
Neonatal Mortality ◽  
Economic Crisis ◽  
Perinatal Outcomes ◽  
Economic Determinants ◽  
Before And After ◽  
Socio Economic Variables ◽  
Rate Ratios ◽  
The Impact

(1) Background: To explore the effects of the 2008 economic crisis on maternal, perinatal and infant mortality in Greece and the socio-economic determinants associated with them; (2) Methods: The annual rates of stillbirth (SBR), perinatal mortality (PMR), infant mortality (IMR), neonatal mortality (NNMR), post-neonatal mortality (PNMR), low birth weight (LBW), and maternal mortality (MMR) were calculated for the years 2000–2016. Average Annual Percent Changes (AAPC) were calculated by the period before and after 2008. The expected rates of 2009–2016 and the observed-to-expected rate ratios (RR) were calculated. Correlation and multiple linear regression analyses were used to test the impact of socio-economic variables on health outcomes; (3) Results: A reverse in downwards trends of PNM, IMR, and NNMR is observed since 2009. All observed values of 2009–2016 were found significantly higher than the expected ones by 12–34%. All indicators except SBR were found negatively correlated with GDP and DHI. A positive correlation was found between IMR, NNMR, and LBW and long-term unemployment, and no association with public health expenditure; (4) Conclusions: Economic crisis was associated with remarkable adverse effects on perinatal outcomes and infant mortality, mainly determined by long-term unemployment and income reduction. The findings stress a need for interventions to protect maternity and child health during crises.

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