scholarly journals The role of institutional potential and social entrepreneurship as the main drivers of business opportunity and competitiveness

2022 ◽  
Vol 10 (1) ◽  
pp. 101-108 ◽  
Author(s):  
P. Eko Prasetyo ◽  
Andryan Setyadharma ◽  
Nurjannah Rahayu Kistanti

Institutional potential plays a key role in creating business opportunities. However, past studies did not emphasize on the consistency and the interaction between institutional and entrepreneurial potential-shaping factors. This research aimed to explore the role of these two aspects in spotting market gaps and encouraging competitiveness. Mixed methods were used, with basic concepts focusing on new institutional economic theory. The results showed that standardization, commercialization, technology, productivity, invention, social capital, and human capital strengthened institutional potential and social entrepreneurship. This created more ventures and encouraged competition. However, there is a need to eliminate institutional barriers to improve the efficiency and productivity of the socio-cultural-economic systems.

2018 ◽  
Vol 3 (2) ◽  
pp. 76
Author(s):  
Muhammad Indra Hadi ◽  
Iwan Rudiarto

Social entrepreneurship (SE) could be implemented to reveal the contribution of potential business opportunity and added value creation for its surrounding community. In the context of SME and cluster development, the SE implementation is more likely to be found in the kampong area, which has a high level of kinship system. This condition makes the application of local entrepreneurship in some cases potentially forms the characteristic of kampong through the diffusion of business innovation. This research depicts how the role of social entrepreneurs is capable of creating the characteristics of creative kampong by taking the study area in Semarang City. Through the cluster business approach, the result of this research shows the entrepreneurship transformation in becoming social entrepreneurship, in line with the development of kampong to become creative kampong by the role of social entrepreneurship. This entrepreneurship transformation occurs because of the stimulation of absorbed innovation transfer massively by the community. The implementation of local entrepreneurship has indeed influenced the characteristics of kampong and in some extents, can create the identity of creative kampong in Semarang City.


Author(s):  
Sarintan Efratani Damanik ◽  
Rozalina Rozalina ◽  
Meylida Nurrachmania

The potential of natural resources strongly supports the development of sectors in the region and results in business opportunities, can also increase the income of the community around the ecotourism site. The research analyzed the influence of business opportunities in sipinsur ecotourism area. Research methods using simple linear regression. The results showed that business opportunities have a positive and significant effect on regional development in Humbang Hasundutan Regency. As an entrepreneur must be observant to take advantage of business opportunities so that the business built will not be wasted and it takes hard work, and the business opportunity is a business that can be done using small capital or using large capital. Empowering local communities by including them in various ecotourism activities, especially in business opportunities. Therefore, the government needs to increase the socialization of programs and the active role of the community so that the community has the means to accommodate their aspirations, and the community needs to be fostered intensively to become a community that is aware of ecotourism, namely the community that not only utilizes the results of ecotourism development but also takes responsibility in maintaining natural sustainability.


2017 ◽  
Vol II (I) ◽  
pp. 1-9
Author(s):  
Naeem Ullah ◽  
Muhammad Saqib Khan ◽  
Muhammad Anwar

The entrepreneurship has been widely described by researchers as intermingling of the different innovative techniques used by the individuals through risk taking behavior to avail the available business opportunity. The entrepreneurship has some positive as well as negative consequences for individual who desired to invest their resources in the business opportunities. In Pakistan, there are many opportunities for entrepreneurship development as supported by government in diverse spheres. In Pakistan, the risk taking and innovation is inhibited severely by invasive role of government in marketplaces related to the diverse businesses. To examine phenomenon by analyzing the views, the data was collected from students hailing from the universities located in southern region of Khyber Pakhtunkhwa, Pakistan. The study is expected to provide certain valuable information about relationships among the research variables thereby extracting some recommendation from the results for the policy makers and future researchers to cater the situation related with entrepreneurship development in Pakistan.


2019 ◽  
pp. 127-149
Author(s):  
George B. Kleiner

This paper shows the diversity and significance of relations of duality among different economic systems. The composition of the principles underlying the system economic theory used for the analysis of duality in the economy is investigated. The concept of the economic system is clarified and the equivalence of three basic concepts of the economic system is shown: a) as a space-time volume (“black box”); b) as a complex of elements and connections among them; c) as a tetrad, including object, project, process and environment components. In a new way, the concept of the tetrad is revealed. The actual interpretation of the interrelationships of its components, based on the mechanisms of intersystem circulation of spatial and temporal resources and the transmission of abilities from one economic system to another, is proposed. On the basis of the obtained results, the most essential aspects of duality in the theory of economic systems are considered. It is shown that the interaction of internal content and the nearest external environment of economic systems lies in the nature of the relations of duality. A new approach to modeling the structure and to functioning of the economic system, based on the description of its activities in the form of two interconnected tetrads (the first tetrad reflects the intrasystem production cycle and the second one — the external realization-reproduction cycle) is put forward. It is shown that the concept of duality in a system economy creates prerequisites for adapting the functioning of local economic systems (objects, projects, etc.) in a market, administrative and functional environments and, as a result, harmonizing the economy as a whole.


Author(s):  
I Ketut Ardhana ◽  
I Nyoman Wijaya

Indian culture has dominantly influenced the Indonesian people, particularly in the western part of the archipelago. This, which started centuries ago, can still be seen in the peoples’ daily lives in social, cultural, economic and political matters. Both the Hindu and Buddhist lessons have been practiced in Bali, although it is argued that the Buddhist lessons had been developed earlier than the Hindu ones. These developments have strongly characterized Balinese daily life, so, it is very important to understand how the people anticipate and solve some crucial issues regarding the processes of modernization and globalization. There are some important questions that need to be addressed on the Indian influences in strengthening the Balinese culture from the earlier periods until the modern and even postmodern times. In this case, the specific questions are: Firstly, how did the Balinese accept these two lessons in their daily lives in the context of Balinization processes? Secondly, what kinds of tangible and intangible cultures of the Hindu and Buddhist lessons can be seen in the present day Bali? Thirdly, how do they strengthen the Bali identity or Balinization,  known as “Ajeg Bali”? Through this analysis, it is expected to have a better understanding of the issues of social, cultural, economic and political changes in Indonesia in general and Bali in particular in modern and postmodern times.


Author(s):  
Samuel Freeman

This introductory chapter begins with a discussion of liberalism, which is best understood as an expansive, philosophical notion. Liberalism is a collection of political, social, and economic doctrines and institutions that encompasses classical liberalism, left liberalism, liberal market socialism, and certain central values. This chapter then introduces subsequent chapters, which are divided into three parts. Part I, “Liberalism, Libertarianism, and Economic Justice,” clarifies the distinction between classical liberalism and the high liberal tradition and their relation to capitalism, and then argues that libertarianism is not a liberal view. Part II, “Distributive Justice and the Difference Principle,” analyzes and applies John Rawls’s principles of justice to economic systems and private law. Part III, “Liberal Institutions and Distributive Justice,” focuses on the crucial role of liberal institutions and procedures in determinations of distributive justice and addresses why the first principles of a moral conception of justice should presuppose general facts in their justification.


1987 ◽  
Vol 65 (8) ◽  
pp. 739-749 ◽  
Author(s):  
Roy A. Tassava ◽  
David J. Goldhamer ◽  
Bruce L. Tomlinson

Data from pulse and continuous labeling with [3H]thymidine and from studies with monoclonal antibody WE3 have led to the modification of existing models and established concepts pertinent to understanding limb regeneration. Not all cells of the adult newt blastema are randomly distributed and actively progressing through the cell cycle. Instead, many cells are in a position that we have designated transient quiescence (TQ) and are not actively cycling. We postulate that cells regularly leave the TQ population and enter the actively cycling population and vice versa. The size of the TQ population may be at least partly determined by the quantity of limb innervation. Larval Ambystoma may have only a small or nonexisting TQ, thus accounting for their rapid rate of regeneration. Examination of reactivity of monoclonal antibody WE3 suggests that the early wound epithelium, which is derived from skin epidermis, is later replaced by cells from skin glands concomitant with blastema formation. WE3 provides a useful tool to further investigate the regenerate epithelium.


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