The Village Fund program was started by the Indonesian government in 2015 and had a budget of USD 19.14 billion for the years 2015–2019. This research aims to provide novel insights into the importance of village-owned enterprises (BUMDes) in promoting rural entrepreneurship in rural areas of Indonesia. The investigation employs an approach that specifically emphasizes qualitative data. The individuals under investigation include the Director of the Office for Community Empowerment, Village, Population, and Civil Registration (Dispermadesdukcapil), along with five administrators/managers from BUMDes. In the “Synergy and Involvement” category, the results suggest that BUMDes are more inclined to collaborate with Small and Medium-sized Enterprises (SMEs) and other BUMDes at a similar or slightly higher level in their organizational structure rather than with large-scale companies. This is due to the fact that SMEs and other BUMDes are more inclined to have a strong and interconnected bond with each other.
1 September 2021 in International Journal of Contemporary Management
Purpose: This study deals with missions, significant policies, operational approaches, and training programs learned from Singapore's experiences, thus contributing to a more profound knowledge of entrepreneurship in order to establish suggestions and boost the implementation of entrepreneurship and incubator business, particularly in universities in Indonesia. This study purposes to understand in-depth the practical implementation approaches of university incubation centres to facilitate entrepreneurship in Singapore. Insights were obtaining following a literature review approach.Design/methodology/approach: Data for this study were collected from a variety of sources, including government documents, university reports, global related entrepreneurship research websites (GEI, Global Entrepreneurship Monitor [GEM], 2019), and related journals (e.g., Entrepreneurship, Incubators, and University Incubators).Findings: Synthetically, incubation centres possess the following primary missions: (1) they integrate professionals in various fields to promote industry partnerships and engagement; (2) they provide training to new entrepreneurs for achievement enhancement, mainly to help them acquire missing business knowledge; (3) they encourage start-ups to engage with one another in the culture of incubators, to enlist more people to join in supporting and expanding the society; (4) they commercialise intellectual properties and promote the commercialisation of inventions and innovations for the future market; (5) they bridge academic professors with industry entrepreneurs for technology upgrades and business transformation. To summarise, University Incubation Centres in Indonesia should strive to emulate the best practices of some Singaporean universities and do everything possible to help their tenants accelerate their entrepreneurial processes. In order to be competitive, an incubator must extend its network and partner with successful industries, funding agencies, industries, and universities.
Asia is presently undergoing the fourth industrial revolution, which emphasizes digitization and technical innovation, and is primarily regarded as a vital region for global economic growth. Consequently, new jobs need to be designed, and new abilities and skills need to be upgraded to keep pace with emerging technological advances. The fundamental challenge is building the right competencies for significant shifts in the labor market that will impact future job opportunities as well as adapting to and striving to meet the changing needs of the workplace and society. This is performed by searching for references to competencies in the literature. This study aims to identify a set of future business competencies based on the literature. This study found a total of 24 competencies and classified competencies into four categories: technical, methodological, social, and personal.
The Ultra-Micro (UMi) financing program represents a significant public sector innovation in Indonesia’s approach to poverty alleviation and financial inclusion. Initially conceived as a social assistance initiative, UMi has evolved into a strategic government intervention designed to transform impoverished individuals into entrepreneurs. This shift reflects a policy innovation that redefines the role of the state from passive welfare provider to active enabler of economic participation. Despite ambitious goals, its implementation and impact face scrutiny. This study employed an exploratory qualitative approach through individual interviews with elite participants and debtors of UMi. The data used triangulation from documentation, observation, and in-depth interviews with key informants, selected through purposive sampling. Findings indicate that the program’s implementation—anchored in government regulations and executed through non-bank financial institutions (NBFIs)—demonstrates innovative service delivery. In this study, UMi exemplifies how public sector innovation—through policy reform, institutional collaboration, and community engagement—can drive inclusive economic growth. The study provides valuable insights for policymakers, practitioners, and scholars seeking to advance financial inclusion and sustainable economic development.
This study assesses whether a multidimensional psychographic base that joins values, life visions, aesthetic styles, and media preferences can explain skincare consumer behavior in Indonesia and translate directly into brand decisions. A cross sectional online survey of two hundred seventy consumers employed seven-point scales for twelve value items, ten life vision items, nine aesthetic style items, and nine media preference items. The instrument showed satisfactory internal consistency with Cronbach’s alpha of 0.81 for values, 0.78 for life visions, 0.85 for aesthetic styles, and 0.78 for media preferences. Dimensionality was examined with principal components at the block level and audience segments were identified with Gaussian mixture models, with the number of classes selected by the Bayesian Information Criterion. The analysis yielded six interpretable segments. Values place holistic health, emotional balance, and environmental or ethical responsibility at the center of decision making. Aesthetic attraction is strongest for modern minimalism followed by classic and sporty codes, while luxury and futuristic codes are less salient. Media use concentrates on Instagram and TikTok with e-commerce and YouTube as important complements. These findings establish a direct bridge from latent motives to actionable levers by pairing claims and design languages with the media habitats in which persuasion occurs. Brand teams can emphasize health and calm narratives with credible testing, employ transparent and minimalist clinical visual systems, and activate creator led short video content with seamless handoff to e-commerce, while using longer instructional content for audiences that prefer YouTube and Facebook. Limitations include a youthful and digital first sample, self-report measures, and a cross sectional design. The study offers an empirically grounded baseline for psychographic profiling in skincare and a practical roadmap for audience in culture strategy that is both differentiated and repeatable.