The future within: Commitment, hope, and values in entrepreneurship

This paper reveals how the sources of Javanese culture, which has been instilled by parents of children as the new generation of the successor to the family business, can act as values of sources of inspiration which shapes the behavior of entrepreneurship in the creative industry. Entrepreneurship in family businesses uses these Javanese values as the standards of the family's belief, which makes the principles as an identity that guides them in entrepreneurship and creates a way of life in the running entrepreneurialism. The method used in this research is a social constructionist, narrative and interpretive. The narrative-based research approach is done through data collection with depth interview, and non-participatory observation as well as analysis of the theme that create the methodological foundation. The ideas emerged and developed from in narrative face-to-face that became a proposition of research findings. Findings clearly indicate the relationship between Javanese cultures which is owned by parents has been the values that are believed by the second generation and this has motivated their behavior entrepreneurship, and impact the learning element of entrepreneurship, as well as orientation in entrepreneurship. The internalization of the values of Javanese culture Bapakisme (paternalism) and Rukun (harmony) have motivated the behavior of entrepreneurship when running a business relationship. Javanese cultural values implemented in the form of obedience to parents, keeping harmony, learning competitors, watching of God, sincere, assertive, fortune flows, trust, motivating, cultivation of religious values, and independent values. The research provides new insights into the culture of entrepreneurship at the local level and links the insights to the cultivation of cultural values in entrepreneurship, which is realized in everyday behavior. The construct built provides the possibility of new learning materials for the perpetrators of entrepreneurs in Indonesia, where 47% of the population of Indonesia is Javanese ethnicity.

This research explores creation of value and purpose of social entrepreneurship using qualitative approach. This research was conducted because up to these days there are contention everywhere in regard to the value and purpose of social entrepreneurship, particularly regarding the reason that drives a person to be a social entrepreneur, the targeted goal to achieve and the condition as well as their existence in performing their activities. In addition, there are growing phenomena in social entrepreneurship activities causing this scientific contention regarding the value and purpose preserved by the social entrepreneurs up to now. This research utilized an exploratory qualitative method that aims to conduct basic research on the value and purpose of social entrepreneurship as performed by the social entrepreneurs in Indonesia. The result showed that the value and purpose of social entrepreneurship was not limited to social value and purpose only, but it had long gone beyond normative value and purpose such as social and economic values. Moreover, it is interesting that there was a new finding on the value and purpose of social entrepreneurship, in this research. However, not only as mixing of values, but the value and purpose of entrepreneurship are also meant as an exchange of economic, social and spiritual values that take significant effect and go beyond the desired value and purpose to achieve by these social entrepreneurs.

This study focuses specifically on the effect of Entrepreneurial Values and Entrepreneurial Orientation on Financial Performance of Indonesian state-owned enterprise and also incorporates Environmental Dynamism (ED) and Resource Availability (RA) as moderating variables which will influence the effect of (i) Entrepreneurial Orientation (EO) on Financial Performance (FP), (ii) Entrepreneurial Values (EV) on Financial Performance (FP), and (iii) Entrepreneurial Values (EV) on Entrepreneurial Orientation (EO). In addition, this study also provides a better understanding about the effect of Financial Performance on Intention to Sustainable Development (ITS) as well as Financial Performance on Intention to Collaboration (ITC) in Indonesian state-owned enterprises. The method of analysis used in this study is PLS-SEM methodology with purposive sampling method. The unit of analysis is all the state-owned enterprises listed which consists of 81 out of 106 state-owned enterprises, while the unit of observation is individuals from those state-owned enterprises (represented by the paired CEO and CFO who are originated from the same company). The findings of this study are that there is a significantly positive effect of: (i) EV on EO; (ii) EO on FP; (iii) FP on ITS; and (iv) FP on ITC. Meanwhile, (i) there is not any significantly positive effect of EV on FP, and (ii) there is no significant moderating effect of ED and RA on the relationship between (1) EV and FP, (2) EO and FP, as well as (3) EV and EO.

Today, higher education (HE) has experienced significant changes in various fields. Universities that were previously only places to transfer knowledge, research, and community services have turned into business institutions similar to companies. Competition between universities is inevitable, encouraging every university to help the community get their sympathy and trust. One of them is reinventing higher education bureaucracy. This paper aims to explain the characteristics of Higher Education entrepreneurial bureaucracy and the implementation of entrepreneurial values in improving HE's bureaucratic performance. The study was conducted at three universities in the city of Malang Indonesia using a qualitative approach. Data were collected through observation and an in-depth interview method and analyzed through three stages: necessary coding, co-occurrence, and clustering techniques. This study found several entrepreneurial values that applied to universities in developing an entrepreneurial bureaucratic system. The implementation of entrepreneurial values into HE bureaucracy provides space for them to create and bring innovative services to the community more flexibly, fast, and accountable. This study also revealed several strategic steps taken by universities in implementing entrepreneurial values and reinventing their bureaucracy. The research results also display several theoretical implications illustrate that an entrepreneurship orientation goes hand in hand with a growth orientation.

This research was conducted on Sprachbeherrschung learning in the German Language Education Study Program, FKIP-Unpatti. This study aimed to implement the value of entrepreneurship in German language learning based on local wisdom and also to shape the students’ character by instilling values such as independence, creativity, risk-taking, and responsibility. Students are not only trained with knowledge and theories in textbooks, but in the learning process students are instilled with entrepreneurship values, which consist of five aspects, namely: (a) the learning process of Sprachbeherrschung; (b) the cultivation of entrepreneurship value through group roles; (c) the impact of the implementation of entrepreneurship value on learning outcomes; (d) the feasibility of dividing roles into groups; and (e) the effectiveness of learning Sprachbeherrschung based on local wisdom. The instrument is a questionnaire which was then analyzed using descriptive analysis method. Previously, the validity and reliability of the questionnaire had been tested and the test results stated that all statement items in the questionnaire were valid and the questionnaire was reliable. Based on the analysis results, it is shown that 60% of respondents agreed on the aspects of the Sprachbeherrschung learning process, 50% of respondents agreed on the aspects of instilling entrepreneurship values through group roles, 70% of respondents agreed on the aspects of the impact of the implementation of entrepreneurship values on learning outcomes, 90% of respondents agreed on the aspects of the feasibility of dividing roles in groups, and 70% of respondents agreed on the aspects of the effectiveness of local wisdom-based Sprachbeherrschung learning. Furthermore, the average value of each aspect was calculated and it was found that the five aspects had an average value that fell into the agreed category. Keywords: entrepreneurship value, Sprachbeherrschung learning, local wisdom

Madurese is an ethnic group that we encounter in many cities. This ethnicity is usually attached to the image of the merchant. Besides this image, Madura also attaches to the image of newcomers. How this ethnic group became very attached to the merchant's identity indeed cannot be separated from the role of parents. The family environment is very instrumental in directing or learning children. The purpose of this research is to find out how to internalize these ethnic entrepreneurial values—this research designed using a qualitative approach. Data collection techniques are done through observation and in-depth interviews. Interview techniques are used to reveal how to internalize the value of entrepreneurship towards families, especially children. The research findings show that in some ethnic Madurese, there is no internalization process of entrepreneurial values in their families, but in other parts, this process occurs. Furthermore, the findings in the field show that the experience of parents influences the internalization process. The process of internalizing entrepreneurial values did by modeling or giving examples by parents, involvement, and habituation of parents' activities to children. Involvement did and verbally begins by inviting children to help with the work of parents. Most entrepreneurs tend to learn from the experience of joining parents or family. The values adopted by children in this ethnicity are self-confidence, high work ethic. DOI: 10.17977/um022v5i12020p001

Attitudes and behaviors are the unity of a person's character which is formed by habit everyday. Entrepreneurial behavior is influenced by internal and external factors. These factors are ownership rights (property right, PR), abilities / competencies (competency / ability,), and incentives while external factors include the environment thus Attitudes and behavior can be changed by oneself and / or there are environmental pressures / influences. there is an influence from within themselves and from outside the environment to associate then grow indi attitudes and specific behaviors. It is necessary to anticipate small businesses’ difficulties by conducting an empirical study on the entrepreneurial spirit, entrepreneurial values, and assessment of entrepreneurial behavior that may affect the realization of independence efforts. This study aims to analyze the influence of entrepreneurial spirit and entrepreneurial values on entrepreneurial behavior to create business independence. The findings show that the entrepreneurial spirit has a direct positive influence on entrepreneurial behavior and positive indirect effect on the business independence.

The purpose of this study is to design a learning model with practice approach to increase the level of students' entrepreneurial characteristics.The research sample included students interested in entrepreneurship, from the departments of Accounting, Electrical Engineering and Business Administration from the State Polytechnic of Malang.An application to measure students' entrepreneurial characteristics was used, and the data were analyzed using the independent t test.Results of the study show that the entrepreneurial characteristics of students who attended entrepreneurship learning model with a practice approach, tended to be higher than when compared to before attending the course.Entrepreneurship learning consists of production training, calculating cost of production, determining the selling price, packaging, and marketing.

Causal complexity analysis for fintech adoption at the country level

Empirical research has recently paid considerable attention to the role of environmental factors in explaining regional variations in entrepreneurial activity. However, cognitive models have not usually included these factors in their analyses. Therefore, the main objective of this study is to identify some of the environmental cognitive elements that may explain regional differences in start-up intentions. Thus, an entrepreneurial intention model is developed, theoretically based on the planned behaviour approach, institutional economic theory and social capital theory. The empirical analysis is carried out using structural equation techniques over a sample of 549 final year university students from two Spanish regions (Catalonia and Andalusia). Results confirm that valuation of entrepreneurship in each region helps explain regional differences in entrepreneurial intentions. As expected, social valuation of the entrepreneur was higher in the more developed region (Catalonia), positively affecting perceived subjective norms and behavioural control. In Andalusia, the influence of perceived valuation of the entrepreneur in the closer environment was more important, affecting attitude towards the behaviour and subjective norms. These results explain some of the differences in the pool of potential entrepreneurs in each region. They also justify the need by public-policy decision-makers to promote more positive entrepreneurial values in relatively backward regions.

This article examines to what extent recent empirical evidence can collectively and systematically substantiate the claim that entrepreneurship has important economic value. Hence, a systematic review is provided that answers the question: What is the contribution of entrepreneurs to the economy in comparison to non-entrepreneurs? We study the relative contribution of entrepreneurs to the economy based on four measures that have most widely been studied empirically. Hence, we answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation, and (iii) productivity and growth, relative to the contributions of the entrepreneurs’ counterparts, i.e., the ‘control group’? A fourth type of contribution studied is the role of entrepreneurship in increasing individuals’ utility levels. Based on 57 recent studies of high quality that contain 87 relevant separate analyses, we conclude that entrepreneurs have a very important—but specific—function in the economy. They engender relatively much employment creation, productivity growth and produce and commercialize high-quality innovations. They are more satisfied than employees. More importantly, recent studies show that entrepreneurial firms produce important spillovers that affect regional employment growth rates of all companies in the region in the long run. However, the counterparts cannot be missed either as they account for a relatively high value of GDP, a less volatile and more secure labor market, higher paid jobs and a greater number of innovations and they have a more active role in the adoption of innovations.

Culture and Commerce: The Value of Entrepreneurship in Creative Industries

The application of Islamic moral values ​​in entrepreneurship, especially the principles of justice, has a significant impact on the sustainability and blessing of the business. This research identifies various important aspects of implementing the principles of justice, including increasing customer loyalty, strengthening business relationships, and creating social harmony. Although there are challenges in implementation, such as market pressures and intense competition, business ethics education and regulatory support can help Muslim entrepreneurs to adhere to Islamic moral principles. The research results show that the application of Islamic morals not only provides economic benefits, but also creates positive social and spiritual impacts, thereby ensuring sustainability and blessings in the long term.

MSMEs play a crucial role in the Indonesian economy, absorbing 97% of the total workforce. Despite the significant contribution of MSMEs to the Indonesian economy, there is a lack of competitive capabilities among them. One of the MSME products in Jember Regency that currently demands attention is presto milkfish. However, there are several issues, including the suboptimal entrepreneurial spirit among MSME players and unattractive product packaging. To address these challenges, it is essential to enhance the value and skills in packaging design for presto milkfish products. The activity involved delivering material on the value of entrepreneurship and providing training in creating packaging designs for presto milkfish products. The results of the service activities indicate an increased awareness and instillation of entrepreneurial values among presto milkfish MSMEs, as shown by questionnaires filled out before and after the training. The participants' knowledge has improved, leading to increased motivation to operate their businesses. MSME players have successfully designed their product packaging and implemented it in their businesses.

This study aims to examine the influence of Islamic values in entrepreneurship which consists of honesty, working hard, keeping promises, orderly administration, always praying, always paying zakat and alms, and leadership in order to support Muslim business performance. This research is included in quantitative research with a sample of 178 female business respondents who live in Kudus Regency, Central Java, the sampling technique is non-probability sampling. Processing research data using Structural Equation Modeling. The results showed that honesty, working hard, keeping promises, orderly administration, and leadership had an effect on business performance, while always praying, always paying zakat and alms had no effect on business performance. The managerial implication in this study is that business actors need to pay attention to Islamic values, have a leadership spirit being the most dominant factor in improving business performance, so business people need to study leadership theory in running a business.