Journal of Asian Multicultural Research for Economy and Management Study

Exploring the Interplay between Business Economics and Global Trade

Tienne Nhung — Mon, 09 Sep 2024 00:00:00 +0700

This study explores the interplay between Business Economics and global trade, focusing on how firms apply economic principles to navigate international markets. The primary aim is to understand how economic policies, risk management, and strategic decision-making processes influence global trade strategies. Utilizing a qualitative research methodology, the study involves in-depth interviews with business economists, trade experts, and senior executives from multinational corporations. Data collection centers on participants' experiences and insights regarding the impact of economic policies, risk management strategies, and decision-making processes in global trade contexts. Thematic analysis of the interview data reveals that firms actively use Business Economics to adapt to changing trade policies, manage risks such as currency fluctuations and geopolitical instability, and optimize their market entry and pricing strategies. The study highlights that businesses leveraging economic models and principles are better positioned to respond to external changes, mitigate risks, and capitalize on growth opportunities in the global market. These findings underscore the critical role of Business Economics in shaping effective global trade strategies and offer valuable insights for firms seeking to enhance their international operations.

Community Empowerment in Waste Management through the Pede Message Program in Cemenggaon Traditional Village, Gianyar Regency, Bali Province

Ridwan Ridwan, I Made Aldy Wijaya — Mon, 09 Sep 2024 00:00:00 +0700

In terms of waste management, Gianyar Regency still lacks access to facilities and infrastructure in reaching certain sub-districts to certain villages. In addition, the lack of knowledge about the impact of waste and how to manage it as well as the benefits obtained by the community in the waste management process is also a factual problem in Gianyar Regency. The Gianyar Regency Government, of course, is well aware of the waste problem so it is considered necessary to have a waste management system that is overcome starting from the upstream. This study aims to find out community empowerment in managing waste through the Pesan Pede program, inhibiting factors and efforts to overcome inhibiting factors in community empowerment in managing waste through the Pesan Pade program in Cemenggaon Traditional Village, Gianyar Regency. The method used is a descriptive qualitative research design. Data collection was carried out by semi-structured interviews, observations, and documentation. Data analysis is carried out through the stages of data reduction, data presentation, and conclusion drawn. The results of the study show that the implementation of empowerment in waste management through the PESAN PEDE program in Customary Villages has been carried out well. This is marked by the activities carried out by the Village Government through the Cemenggaon Traditional Village Waste Management Agency, Celuk, Gianyar Regency, Bali Province. The inhibiting factors in the implementation of this empowerment are the community's lack of understanding in managing waste, the limitations of processing tools, and the application of waste banks that are not optimal. The efforts made to overcome the inhibiting factors are the implementation of education, holding regular meetings, increasing the capacity of the Waste Management Agency management, and optimizing waste transportation facilities.

Business Ecosystem Architecture Development: A Case Study of IoT Business in the Transportation Industry

Rahmat Hardian Putra, Mohammad Riza Sutjipto, Aji Widodo, Sri Kuntadi — Wed, 25 Sep 2024 00:00:00 +0700

The research aims to study business ecosystem architecture in the Internet of Things (IoT) scope, especially in the transport industry. This research uses a qualitative approach with the Research and Development (R&D) method with the Modeling Business Ecosystem Architecture (TEAM) research design. Informants consist of internal and external sources who provide a practical and comprehensive perspective on the IoT transportation business ecosystem at Telkom Indonesia. Data collection was conducted through in-depth interviews, observations, and literature studies. The results showed that, in mapping the IoT business ecosystem in Telkom Indonesia’s transportation sector. The findings highlighted several challenges, such as the limited readiness of human resources and the lack of local device manufacturers resulting in a lack of competitiveness of IoT solutions. There is a need for a business ecosystem architecture that focuses on examining actors, roles, and value offered and mapping interactions between actors. With a cocreation approach, actors in the ecosystem can actively collaborate in designing, developing, and implementing more innovative and adaptive solutions. Through the cocreation process, customers, service providers, application developers, and other actors can share knowledge, experiences, and resources to create solutions that better suit the needs and expectations of all parties involved. This research maps the IoT business ecosystem in the transport sector developed by Telkom Indonesia. Telkom Indonesia is a solution provider, where the importance of collaboration of each actor, including device providers, application developers, and customers, is crucial to overcoming challenges and maximizing the ecosystem’s potential.