Tourism, Entrepreneurship, and Sustainability

The new global economy and its branches need to be both sustainable and entrepreneurial. In the world where finitude of resources can be eye-witnessed, decisions that lay upon the principles of people, profit, and planet have the ability to preserve the quality of life of present and future generations. Tourism is one of those sectors which have largely expanded over the past decades and whose development affects countries, economies, and natural resources. Sustainable tourism appears to be a natural fit for entrepreneurs wishing to establish new ventures and pursue business opportunities in today's dynamic yet complex business climate. This chapter examines the nexus between entrepreneurship and sustainable tourism. On the basis of theoretical framework and the review of relevant global environmental and tourism-specific tendencies, an online empirical study was conducted to understand how young adults perceive entrepreneurship and sustainability in tourism and the contribution of the two to sustainable development.

The effects of business environment and supply chain governance on business strategies and company performance

This study aims to examine the effects of the business environment and supply chain governance on business strategies and their impact on the performance of state-owned enterprises in Indonesia. Using Partial Least Square (PLS) and quantitative research, this study took state companies management and commissioners as the respondents. The study concludes that the business environment has a positive and significant effect on business strategy, and supply chain governance has a positive and significant effect on business strategy. Moreover, the results show that the business environment influences corporate performance, and supply chain governance has an effect on corporate performance. Business strategy influences corporate performance, and business strategy can mediate the influence of the business environment on corporate performance. Lastly, business strategy can mediate the influence of supply chain governance on corporate performance. The results theoretically confirm the supply chain governance in business practice and practically encouraged the company management to develop risk-management and effective internal controls to create competitive business climate and more agile supply chain management.

Scale-Up Marketing and Export of MSME Products Based on Digital Business at MEK-PDM Gresik

The low quality of Human Resources which ultimately leads to the ineffectiveness of management, organization and technology has made the development of MSMEs in Indonesia unable to touch rapidly. Plus the large transaction costs from the impact of an unfavorable business climate are also a problem for the case of MSMEs fostered by MEK-PDM Gresik, making it difficult to compete in the international market. In fact, the products produced by MSMEs are no less competitive with those produced by foreign products. In fact, to be able to penetrate the global market, MSMEs must at least be able to adapt to the concept of global marketing which is not yet owned by MSME stakeholders. Therefore, in this service, MSME actors will be taught how to market their products globally. Fronted by Dr. Indro Kirono as a performer who previously had a long history in the export world, the service event went more than imagined. Many MSME products were independently assisted by the presenters to be introduced a little in the global market. Gresik UMKM products will also be assisted by the introduction of Gresik Muhammadiyah University. So that Muhammadiyah University of Gresik can become a place for Gresik SMEs to be fostered.

Polong Renten: in Improving the Welfare of Employees of Village Owned Business Institutions (Bumdes) in Lombok Utara Regency

BUMDes development in North Lombok Regency is accelerating; practically all communities in North Lombok Regency now have BUMDes. Along with its development, BUMDes in the North Lombok district is experiencing a number of issues within the BUMDES institution itself, including concerns with its accreditation. (1) Each BUMDes performance has not been optimized; (2) A lack of a conducive business climate; (3) a lack of information and market access; (4) a lack of capital; and (5) a lack of entrepreneurial spirit and spirit among employees, all of which have an impact on the performance and welfare of BUMDes personnel. In order to improve BUMDes performance in North Lombok Regency. What must be done is to strengthen the importance of social capital. Until date, there has been a significant social capital in North Lombok Regency; the social capital in question is the rent-seeking system. Polong Renteng serve as recommendations for the community in terms of behavior, respecting one another among people, implementing a mutual cooperative living, and contributing to the people's lives in North Lombok Regency. If all organizational managers follow this advice, the organization's performance will improve. A literature review was chosen as the research method in this study. The findings revealed that the social capital of Polong Renteng played a significant influence in boosting the performance and welfare of BUMDes employees in the North Lombok district. This component of rent-seeking pod social capital serves as the social glue that holds the group together. With this broader component, the quality and quantity of BUMDes organizations/institutions (performance) can be improved, hence improving the welfare of BUMDes management. Furthermore, the existence of BUMDes in villages in the North Lombok region is often seen as successful and seamless since it has had a good impact on local communities. Implications for the development sector and community empowerment, particularly in building business abilities, boosting knowledge, skills, and attitudes that will lead to increased revenue. The establishment of BUMDes is capable of growing and nurturing an entrepreneurial spirit in rural communities, as well as instilling a sense of responsibility for policy.

Corporate Social Responsibility - A Study on Mangalore Refinery and Petrochemicals Limited (MRPL)

Purpose: In a competitive business climate, primarily determined by the passage of something like the Indian Companies Act-2013, corporate Sustainability obligations must be followed. Currently, corporations must strike a balance between their financial and economic objectives, as well as maximizing shareholder value while also providing social benefits to the community and helping to safeguard the environment. CSR covers actions for a better society authorized under the Companies Act, 2013 such as health, education, women’s empowerment, and environmental sustainability. Methodology: Secondary data from research journal papers and specific websites on the research subject area was used in this research paper. These findings provide a conceptual framework for CSR operations, as well as an assessment of how MRPL Co. fulfils its commitments to all stakeholders, including particular activities, programmes, and projects. The study focuses on the company’s CSR implementation in order to determine the business’s focal area. Findings: The analytical framework offered an overview of the organization’s CSR activities and expenditures, in addition to key focus areas and progress in each area of an organisation. Practical Implications: From a practical standpoint, the proposed framework provides practitioners with a tool that explicitly gauges their companies’ CSR maturity. Stakeholder relations have been critical in the development of many poor regions within India for the MRPL Company. The idea of sustainable growth lies at the heart of both their business choices and Corporate Social Responsibility efforts. Originality/Value: Using this study approach, we can find out what variables explain the different levels of CSR integration into a company's strategy and quantify the current maturity level. Paper Type: Conceptual Research

Pandemic Challenges for the Technological Startups in the Russian Regions

Technological startups help to adapt to the global risks and allow one to track future trends. This paper identifies the main trends and birth factors of new high-tech companies in the Russian regions during 2013-2020. In 2020, fewer than 10,000 startups were created, this number has been steadily declining (by 40% since 2015), especially during the pandemic (-21%). Most of the startups are concentrated in Moscow, the Moscow region, St Petersburg, and the largest metropolitan areas. The share of the Leningrad, Belgorod, Kaliningrad, Lipetsk, Ulyanovsk, and Kaluga regions is growing due to the proactive policies of local authorities. Most startups are associated with knowledge-intensive services for business (B2B) and digital technologies. In 2020, their number increased in pharmaceuticals (about 100%) and in the production of medical devices (by about 30%).Based on the results of econometric analysis, start-up activity in Russia, analogous to countries with an established market economy, depends upon human capital concentration, market access, and a favorable business climate. Universities, through attracting students, especially those in STEM specialties, stimulate startup creation; although the share of university startups does not exceed one third of a percent. Budgetary and university expenditures on R&D are ineffective in terms of creating new companies. The influence of development institutions on start-up activity was not found, while clusters and technology parks have a weak effect. The growth of startups is lower in regions with a predominance of large organizations, as well as in resource centers. The latter may be one of the manifestations of the “resource curse”. Startup activity is stable over time and depends on the situation in neighboring regions, which limits the chances to change the situation by means of entrepreneurship support policy. During the pandemic, start-up activity decreased minimally in regions with large metropolitan areas and a high level of education. Recommendations include tools for establishing a more balanced cross-regional situation by implementing the model of an entrepreneurial university, an expansion of start-ups’ access to capital and markets, and the regionalization of entrepreneurship policies.

Multinational Firm Growth and Sustainability Responses to Dynamics of Business Regulations in Host Market

Dynamics in business regulations measured by ease of doing business is a new approach that indicates countries’ business climate reforms toward suitability for investment growth. The present study took three variables from the ease of doing business data and evaluated them toward predictive power of FDI flow to 19 Sub-Saharan African countries by using fixed-effect model. Based on the analysis, the official time, procedures, costs, and minimum capitals in starting a business stage, enterprise registrations and official permissions of the firm establishment had a material effect on investment growth. Even though, on one side trade openness and the growing market size was seen as an opportunity, the deep-rooted corruption and landlocked was the trap for the smooth growth of firms in the region.

Social and Environmental Responsibility of Tidore ESPP to the Community of Tidore City Village, Tidore Islands

This study aims to (1) determine the implementation of social and environmental responsibility of ESPP Tidore to the community in the rum village (2) to determine the factors that influence the implementation of social and environmental responsibility of ESPP Tidore to the community of Rum City of Tidore Islands. The results showed that the Tidore ESPP was operated in mid 2017. After that, it was inaugurated by the Government in August 2016, until entering 2021 only 4 programs were implemented. Even though it has been in operation for 5 years. This indicates unpreparedness in the planning of Corporate Social Responsibility (CSR) programs and obstacles regarding the Technical component of Electric Steam Power Plant (ESPP) Operation. Distribution of Corporate Social Responsibility (CSR) and even then because it considers the pressure from the community for the sake of improving communication in the business climate, in addition to obligations that are regulated based on existing regulations.

Remittance trap: comparative approach of the Republic of Moldova and other ex-socialist countries

The objective of our analysis has been to find out and elaborate on why some countries could not benefit from remittance inflows sent by migrants or even are getting into traps due to them. In the authors’ view, the remittance trap may be appraised, notably in the long run, as the dilemma in which a country finds itself when the high value of migrant remittance inflows leads to a high value of human and financial capital outflows, as well as to the moral hazard problem of the country's population and government. Accordingly, remittance trap negatively affects the sustainable growth and development of the economy which eventually deepens the country's dependence on remittances, proving the vicious nature of the trap. Furthermore, the paper focuses on identifying a competent set of policy recommendations for the countries that are remittance dependent. A natural conclusion of our research is that there is a thin line between remittances’ advantages and disadvantages, since in fact, short-term benefits very often turn out into long-run side effects, mainly as a result of mismanagement of remittance inflows, which correlates with unfavourable business climate and decreased willingness of the population to invest. Accordingly, the benefits and adverse side effects of remittance inflows are interdependent.

AN ANALYSIS OF COMPETITIVE CAPABILITIES AND ACCOMMODATION PERFORMANCE FOR SMALL AND MEDIUMSIZED ACCOMMODATIONS (SMSAs) IN EAST-COAST OF MALAYSIA DURING THE COVID-19 PANDEMIC

The COVID -19 pandemic has posed an unprecedented threat to the hospitality industry. Numerous hospitality firms have been impacted by strategies used to flatten the COVID-19 curve. Hospitality firms are required to significantly alter their operations in the COVID-19 business climate in order to secure industry survival and to mitigate the impact of the pandemic. As a result, this study focuses on small and medium-sized accommodations (SMSAs) on Malaysia’s East Coast, which are particularly hard hit by the pandemic. The study of SMSAs on Malaysia’s East Coast discovered that marketing and human resource management contribute significantly to accommodation performance, while the other two factors have a negligible effect on accommodation performance during this pandemic, as determined by multiple regression analysis.