Small Retail Strategy to Improve Performance and Sustainable Competitive Advantage in Makassar, South Sulawesi, Indonesia

Small retail business is more sustainable compared with the large business. In Makassar, South Sulawesi, Indonesia, there are some retail businesses, and they need to be more competitive to survive. The study intended to analyze the influence of service orientation, entrepreneurial, market, location and product selection on the performance of small retail businesses and their influence on the performance of small retail businesses on competitive advantage. This is a descriptive study. The researcher collected data by interview and questionnaire using a sample of 120 respondents. Using SEM analysis, data were treated through the AMOS program. The results showed that the service orientation, market orientation, location and selection of products had a significant positive effect on the performance of small retail businesses. Besides that, this study showed that the performance of small retail businesses significantly and positively affected the retail businesses’ competitive advantage.

Power of Capitalism on Banking Accounting Practice in Indonesia

Marxists argue that the history of human civilization is based on economic interests or basic structure. The International Financial Reporting Standard (IFRS) in Indonesia is part of historical materialism, conceived in the form of ideas and concepts by the organic intellectuals of the respective social organization, economy, and international politics. This study explores the interest of the global society toward the IFRS implementation. This is done to promote the spirit of liberalism, which must be as more profitable for the capitalist class. The bankers and accounting associations were interviewed. It was found that IFRS is the political and economic interest of the global society for making the banking practice in Indonesia. It was also found that the creation of capitalism hegemony is formed through the consensus of the interests of capitalist society.

The Catalytic Role of Small and Medium Enterprises: Basis for Entrepreneurial Development

Small and Medium Enterprises is an engine in the market economy that contributes the sustainable growth and employment generation in Oman, United Arab Emirates. This study describes the policies of entrepreneurship as regards to the role of SME towards the developmental programs in the Sultanate of Oman. The descriptive survey design was used to provide a systematic description of what is involved in the collection of primary data through a questionnaire. The respondents were the 242 SME personnel along the four districts of Muscat, Oman. The findings revealed that the respondents have a lot more to undertake to push SMEs towards strengthening the entrepreneurial ventures in terms of culture, workforce, training and government support aspects. The study also revealed that cultural, workforce and managerial barriers were observed, thus need to be addressed. Emphasis on professional organizations for trade associations and international linkages were crucial to improving SMEs

Constructing the Constructs of Quality Management and Work Productivity from the Lenses of Two Generational Cohorts: Millennial and Non-Millennial

The research aimed to 1) (re)construct views of Millennials and Non-Millennials vis-a-vis its impact on delivery of quality service; increasing work productivity; maintenance of facilities and equipment; and building up institutional image; 2) ascertain how these two generational cohorts deliver quality outcomes; and 3) draft policy interventions that can address management needs two generational cohorts in terms of sustaining Quality Management efforts. Eight millennials and nine non-millennials research participants, comprising faculty members, administrators, and employees in First Semester of AY 2014-2015 served as research respondents. This descriptive study employed qualitative analysis of data gathered using focus group discussion. Results revealed that both generational cohorts look at QM as a culture, one that requires objective evidence, CI, and delivery of quality service; and something that must be communicated and implemented or managed by open- minded and innovative leaders. Further, the generational cohorts have similar views on the policy intervention that can be made to sustain the QM such as effective communication; QMS design improvement, and continual review of processes. A quality management framework was developed using the lenses of two generational cohorts that can be tested in Letran Calamba and other higher education institutions.

Teaching Effectiveness: Its Influence to Students’ Attitude towards Entrepreneurship and Their Academic Achievement in Business Subjects

The study was conducted to determine the teaching effectiveness, its influence on students’ attitudes towards entrepreneurship and their academic achievement. The respondents of this study were teachers teaching entrepreneurship subject and fourth-year students taking such subjects in selected SUCs in Iloilo and Antique, Philippines. The instruments used in this study were an evaluation form for teaching effectiveness and grades of students in entrepreneurship. Frequency and mean were used to analyze descriptive data. T-test, One-way analysis of variance, and Pearson r were used for inferential statistics set at 0.05 alpha. Results showed the teachers’ level of teaching effectiveness was “highly effective.” The overall attitude of students towards entrepreneurship was “good” while their academic achievement on the subject was also good (85.65). No significant differences existed on teachers’ level of teaching effectiveness based on their age, the length of teaching experience, training, membership in business organizations and teaching performance. Moreover, these variables did not significantly influence teaching effectiveness and students’ attitude toward entrepreneurship and students’ academic achievement.

Entrepreneurial Competencies and Intension of Selected Graduating College Students

Entrepreneurship is extensively recognized as an important factor that contributes to the economic development and growth of a country. This study aimed to determine the level and prevailing entrepreneurial competencies and intention of 170 randomly selected graduating students of WVSU Lambunao Campus during the second semester of the school year 2013-2014. The descriptive-correlational research employed the published Personal Entrepreneurial Competence (PECs) Self-Rating Questionnaire (in SERDEF, 2007) and Linan and Chen (2009) behavioral-intention-oriented scale. The result showed that the graduating students had “good or strong” entrepreneurial competence with goal setting, information seeking, and persistence as the prevailing competencies. They had “above average” entrepreneurial intentions with the exception of non-business related course and those with no entrepreneurial experience. A significant difference was found in the graduating students’ entrepreneurial intention when they were grouped according to the nature of their course. A positive and significant relationship was found between graduating students’ entrepreneurial competence and entrepreneurial intention. It means that strong entrepreneurship education will increase students’ intention to explore an entrepreneurial career. The study recommends for the strengthening of entrepreneurial education aiming at intensifying students’ entrepreneurial competencies and potentials for a successful business career. Keywords - Business Education, entrepreneurial competence, intention, college, graduating students, descriptive-correlational, Iloilo, Philippines

Knowledge Management and Business Continuity Practices of the Central Bank of the Philippines

The Bangko Sentral ng Pilipinas formulates and implements monetary policies to attain its mandated responsibilities of maintaining price stability and attaining a sustainable and balanced growth. To concretize these goals, BSP pursues knowledge management practices to accumulate the right kind of information and render timely business services. Furthermore, the Bank adheres to the concept of business continuity to avoid any disruption in the delivery of services if business outages do occur.The primary purpose of this study was to determine the extent to which knowledge management and business continuity practices were implemented among the various regional and branch offices of BSP. The research was done with the end view of proposing an intervention scheme to strengthen its implementation. The study made use of the descriptive method of research using the questionnaire as the primary source of data. The findings revealed that the practices on the two projects were manifested to a great extent that contributed to the improvement of the Bank’s services. However, it can be gleaned from the results that there is a need to revisit the various components of the two projects periodically to ensure its relevance in attaining sustainable economic and financial objectives. Keywords - Business Education, Central Bank of the Philippines, monetary policies, knowledge management, business continuity practices, sustainable and balanced growth, descriptive design, Philippines, Asia

Economic Potential of Raising Philippine Native Pigs on Trichanthera (Trichanthera Gigantea) Diets

The Philippine Native Pig maintains its niche in the demand for a Filipino delicacy called "Lechon" because of taste and crunchiness. However, commercializing native pigs is constrained by the high cost of feeds. So, these studies were conducted to determine the economic potential of raising native pigs on Trichanthera diets. Results showed that native pigs can be grown with better feed efficiency and lower the feed cost per kilogram weight gain using Trichanthera to replace up to 30% of the commercial rations (Study1). With formulated rations in gabi diets, Trichanthera can be used up to 45% of the diets for economical weight gains (Study 2). Feeding Trichanthera in gabi-corn diets (Study 3) did not significantly affect weight gains up to 45% level in the diets. The feed efficiency was improved and reduced the feed cost per kilogram weight gain up to 30% Trichanthera in the diets. The potential profit based on weight gains less feed cost is consistently increasing (15%, 30%, and 49%) with the increasing level of Trichanthera in the diets. Therefore, raising native pigs on Trichanthera diets is potentially viable both bio-physically and economically. Keywords - Animal Nutrition, Philippine native pigs, Trichanthera gigantea, forage, local feedstuffs, non-conventional feedstuffs, economic viability, feeding trial, experimental design, Tanay, Rizal, Philippines

Organization Development Interventions, How Effective are They?: A Case on an International Franchised Company in Cebu

Organization development interventions are very important and common in franchised companies. This is an experimental study to assess the effectiveness of organization development (OD) interventions on an international franchised company in Cebu. The aim is to determine the attainment of the goals and objectives of the five franchise outlets of a particular chain of pizza restaurants in Cebu in terms of food, service and environment, through the theoretical framework of this study based on Schein’s (2010) strategic planning model. The pre and post-intervention instrument used is a researcher made survey instrument that was constructed based on the Operations Manual of the pizza franchise. Fifteen supervisors and staff of the pizza franchise were asked to rate themselves, on how well they did in thirteen categories. The results served as the bases for conducting a strategic planning workshop. Pre and post intervention means were compared using paired t-test at 0.05 level of significance. The data from pre-intervention assessment and post intervention evaluation were treated via statistics using the means. The paired t-test was used for comparison of pre and post intervention data for improvements significant at 0.05 levels. Noticeable improvements were shown. It is suggested that further intervention activities be conducted to solidify the strengths of the intervention efforts. Keywords - Organization development interventions, strategic planning, paired t-test, international franchise, Cebu, Philippines

Leadership Behavior of NGO Managers and Directors in Northern Mindanao, Philippines

Non-government organizations (NGOs) have played a pivotal role in community development and nation building in the Philippines. However, there is a paucity of literature on the leadership behaviors of NGO leaders and how these influence performances of NGOs in the country. This study aimed to determine leadership behavior of selected NGO directors in Iligan and Cagayan de Oro City in Northern Mindanao Philippines. The Leader Behavior Description Questionnaire, a previously validated questionnaire, was used in this study. Approval from four selected NGOs in Northern Mindanao was sought prior to the collection of data. These NGOs were selected based on their common goal of achieving the Millennium Development Agenda. Informed consent was obtained from 100 participants of these NGOs. Data from the questionnaire was analyzed using descriptive statistics. Findings showed that the most common leadership behavior was Considerate, Facilitative, Autocratic and Participative Leadership behaviors. Findings suggest that NGO leaders in Northern Mindanao tend to involve members during decision-making and place a high value on the contributions of the members. Findings could form baseline data on leadership behaviors of NGO leaders in Northern Mindanao. It is recommended that associations between leadership behavior and performances of the NGOs should be investigated in future studies. Keywords - Management, leadership behavior, non-government organizations, descriptive-survey, Northern Mindanao, Philippines