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Value Creation and Value Capture: Lessons Learnt from Indonesian Suppliers Inserted into GVC Yohanes Berenika Kadarusman
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 9 No 2 (2020): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v9i2.35


The development of global value chain (GVC) has confirmed a paradigm shift in international studies. GVC suggests that the globalization of economic activity brings about gains for developing countries through capability improvement of their firms supplying for lead firm. Nevertheless, there is only a small number of developing countries insert into GVC and successfully enhance their economy. This paper aims to understand how developing countries decide to participate in and to upgrade along GVC by taking cases from Indonesian suppliers across industries. The narratives reveal that the distribution of value creation between Indonesian suppliers and lead firm within GVC is critical for the decision making to engage and to upgrade. It indicates that the suppliers scrutinize the relationship to ensure that the value creation is not only technically feasible to fit intheir existing resources and capabilities, but more importantly economically justifiable to capture more of value being created. The problem of power asymmetry tends to result in inequitable distribution of cost and benefit in value capture by Indonesian suppliers and lead firm. This makes the value creation and value upgrading within GVC less economically attractive course of action. The implication for further research on GVC shouldhighlight the value capture particularly within governance in which power asymmetry exists, while public policy should facilitate to strengthen distinctive resources and capabilities of suppliers.
Unlocking the Business Model Innovation Potential on a Public Blockchain Ecosystem: A Critical Realism Approach Ambara Purusottama; Yohanes Berenika Kadarusman
Jurnal Internasional Penelitian Bisnis Terapan Vol 4 No 01 (2022)
Publisher : Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ijabr.v4i1.143


This study aims to explain the phenomenon of blockchain technology in business model innovation in the public ecosystem since it offers huge potential benefits for business activities to overcome existing problems, such as data ownership, security, and accessibility. This study uses the realism perspective for understanding the phenomenon. The multiple-case study strategy presents five blockchain experts who use the value system framework to find potential for public blockchain applications. The study finds that in the public blockchain ecosystem: (i) value capture is oriented to enlarge new potential income; (ii) value creation is carried out through partnerships with other entities; (iii) value delivery is delivered through decentralized application and smart contracts; and (iv) value propositions help to solve public problems. From the findings, this study proposes three types of added value. First, low value-added, i.e., blockchain exchange data/information exchange and security; second, medium value-added, wherein technology initiates collaboration performance among entities in the public ecosystem; and finally, high value-added, i.e., a blockchain encourages new market innovation. This study focuses on the literature on blockchain and business models as well as potential future research.
Effect of Environmental Optimism on Responsible Electricity Consumption with Price Concern as a Moderator Astrid Gisela Herabadi; Yohanes Berenika Kadarusman; Caryn Yachinta
Psychological Research on Urban Society Vol 4, No 2 (2021): October 2021
Publisher : Faculty of Psychology, Universitas Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.7454/proust.v4i2.128


The study aimed to determine the effect of environmental optimism, as a cognitive–emotional factor, on the responsible use of electricity. Furthermore, it investigated the moderating effect of consumer concern on the price of electricity. An online survey was conducted on 345 young adults in Jakarta selected through the snowball sampling method. Data were analyzed using JASP version 15.0 and IBM SPSS Statistics version 23 reinforced with PROCESS macro. Simple linear regression analysis demonstrated that environmental optimism significantly explains the variance in electricity conservation behavior. The moderating effect of price concern was also substantiated by the result of the data analysis, thus the interaction between environmental optimism and dichotomous predictors of price concern (i.e. high vs low) was found to be statistically significant in moderating the effect of environmental optimism toward electricity conservation behavior. In conclusion, when consumers are initially dominated by price concern (a rational extrinsic motivator), then it reduces the effect of environmental optimism (an emotional intrinsic motivator) on responsible electricity consumption.
The Impact of Entrepreneurship on Economic Performance in Indonesia Yohanes B. Kadarusman
Economics and Finance in Indonesia Volume 66, Number 1, June 2020
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (184.46 KB) | DOI: 10.47291/efi.v66i1.684


Entrepreneurship is claimed to have a positive and significant effect on economic growth in developed countries, but less so in developing countries. Using the growth model, this study examines the impact of entrepreneurship on economic performance in Indonesia as indicated by economic growth and income per-capita from 1985 to 2017. The estimation result confirms the non-significant effect of the growth of entrepreneurial ventures on the growth of GDP per-capita. However, the accumulation of the ventures has a positive and significant effect on the level of GDP per capita. The different typology of entrepreneurial ventures in Indonesia provides some insight to explain the finding, namely: scale does matter. Indonesia already has abundant micro-scale entrepreneurs, but it has only a limited amount of small-scale entrepreneurs, and even fewer medium or large-scale entrepreneurs. This finding contributes to a better understanding of the statistically non-significant impact of entrepreneurship on economic growth in developing countries. This study also suggests that entrepreneurship policy in Indonesia should focus more on facilitating micro-scale ventures to continuously develop toward small, medium, and ultimately large-scale enterprises rather than on creating start-ups.
Mentorship in Developing Micro Enterpreneur of Rengginang Business in Babakan Mulya Village, Kuningan City, West Java Yohanes Berenika Kadarusman; Aninda Azaria Hapsari; Rafael Leonardo Marcello; Luthfi Andri; Mikha Irianto; Muhammad Sejati
MITRA: Jurnal Pemberdayaan Masyarakat Vol 5 No 2 (2021): MITRA: Jurnal Pemberdayaan Masyarakat
Publisher : Institute for Research and Community Services

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25170/mitra.v5i2.2307


Besides working as a farmer, Mrs. Sutinah has run a business selling rengginang (a form of traditional rice cakes, popular as snacks and crisps as a side dish for main meals) since 2012. Mrs. Sutinah can be said to be the pioneer in the rengginang business around her village, Babakan Mulya, in the city of Kuningan, West Java. Nevertheless, in recent years, Mrs. Sutinah has been facing some challenges due to the emergence of competitors who offer a lower price than that of Mrs. Sutinah’s rengginang. This condition demotivates Mrs. Sutinah from developing her business because many people in the Babakan Mulya village prefer cheap rengginang, regardless of its quality. The purpose of this activity is to help develop Mrs. Sutinah’s rengginang business through three stages: pre-business mentoring, businessmentoring, and post-business mentoring. In the first stage of pre-mentorship, the community service team conducted interviews and field observations to identify the problems faced by Mrs. Sutinah’s business. The second stage involves direct mentorship given to Mrs. Sutinah, who can learn by directly implementing the concepts taught by the team to increase the competitive advantage of her products. In the final stage of post-mentorship, the team monitors and evaluates the success of the business and the actual implementation of the lessons given to Mrs. Sutinah. The pre-mentorship was conducted in one week, followed by the mentor’s accompaniment completed in four weeks. Meanwhile, monitoring and evaluation of Mrs. Sutinah’s engagement and implementation of the gained knowledge and skills were conducted periodically in the next four months after the mentorship ended. The outcomes revealed that the development and sustainability of micro entrepreneur need intensive mentorship, particularly by involving academia to ensure that the knowledge and skill transfer would be effective and consistently implement what they have learned
The essential benefits of an enterprise blockchain in business model innovation Ambara Purusottama; Yohanes Berenika Kadarusman
Jurnal Ekonomi dan Bisnis Vol 24 No 2 (2021)
Publisher : Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24914/jeb.v24i2.3746


Teknologi blockchain mendatangkan perubahan dan disrupsi atas model bisnis yang sudah ada sehinga patut untuk dianalisis lebih lanjut. Atas dasar itu, penelitian ini bertujuan untuk menjelaskan fenomena teknologi blockchain pada inovasi bisnis model pada ekosistem perusahaan. Secara empiris, teknologi blockchain terbukti meningkatkan kinerja organisasi. Studi ini menggunakan konsep value system untuk menjelaskan fenomena tersebut. Melalui penalaran abductive, studi ini menggunakan multiple-case study untuk menjawab persoalan penelitian. Secara garis besar, hasil studi ini menemukan bahwa teknologi blockchain mendatangkan manfaat kepada organisasi denga cara: (i) value capture melalui peningkatan profitabilitas, (ii) value creation melalui private parnership, (iii) value delivery melalui smart-contract, dan (iv) value proposition yang mendorong nilai yang berbasis pada peningkatan nilai bisnis organisasi melalui perbaikan operasional. Selain itu, studi ini juga mengusulkan tipe ekosistem blockchain yang berbeda pada organisasi: privat dan konsorsium. Ekosistem privat berorientasi pada perbaikan internal kinerja organisasi dalam satu entitas bisnis. Sebaliknya, ekosistem konsorsium berorientasi pada kolaborasi bisnis.
A Different Magnitude of SME Business Model Innovation: A Lesson From The Pandemic Ambara Purusottama; Ari Ardianto; Yohanes Berenika Kadarusman
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 8 No. 2 (2022): IJBE, Vol. 8 No. 2, May 2022
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.8.2.182


The COVID-19 pandemic has significantly affected SME businesses and forced them to respond to the situation. Business model innovation (BMI) is considered as a suitable choice of innovation mode for the sustainability of SMEs. The change in the business model (BM) in SMEs varies among organizations. Therefore, this study attempts to further explain the changes in BM for SMEs during the pandemic. Through this research, the understanding of BMI is expected to increase substantially, especially in the context of SMEs. The study performed a qualitative approach through multiple case studies to analyse the information and obtain factual findings to understand this phenomenon. Eight cases with different backgrounds were submitted and interviewed through semi-structured online interviews to obtain information about the BMI in SMEs. The findings show that although SMEs intervene through BM changes, the changes adjust to SMEs’ internal and external situations. In other cases, BM changes only focus on several sub-value systems (value capture, value creation, or value proposition). In certain other cases, SMEs were forced to radically change their value systems due to the extreme impact of the pandemic on their businesses and environment. This study conceptualizes BM changes in SMEs, as classified into type 1, type 2, type 3, and type 4, arranged based on the level of complexity (x-axis) and novelty of change (y-axis). The model can be justified through eight cases in this study. This study contributes to the scientific development of BM/BMI and justifies changes in BM empirically. For practitioners, this study clearly defines the direction of changing BMs in extreme situation. Keywords: BMI, multiple case studies, different magnitude, pandemic, SMEs
Dampak Faktor Makroekonomi terhadap Non Performing Loan pada Kredit Produktif Bank Umum di Indonesia Alben Hernando; Elvaretta Miranda; Lauw Luvena Aileen Theodora; Yohanes B. Kadarusman; Glisera Agri Ariyan
Studi Akuntansi dan Keuangan Indonesia Vol 3 No 1 (2020): Studi Akuntansi dan Keuangan Indonesia (SAKI)
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/saki.3.1.1-28


Non-performing loans are important for the banking industry, the existence of non-performing loans is a condition when the customers (debtors) are unable to pay their obligations. Based on the type of usage, researchers see an increase in non-performing of loans working capital and non-performing loans of investments which tend to increase because of that, this study aims to find out the factors that affect non-performing loans of productive loans of commercial banks registered in Otoritas Jasa Keuangan. This study is intended to be able to see the macroeconomic variables that affect productive credit NPLs. The sample used is a commercial bank in Indonesia which is registered in OJK. Productive credit NPL data are taken quarterly from 2003 to 2017 and 224 data are obtained in total. The regression model used in this study is ARDL with the help of processing Eviews 10 software. The macroeconomic variables to be tested in this research consist of GDP growth, loan interest rates growth, and IDR/ USD exchange rate growth. GDP growth and exchange rate growth have negative relationship, while loan interest rates growth doesn’t have significant relationship with dependent variable.
Analysis on Growth Pattern and Economic Sectors in Bali Province Dewa Gede Sidan Raeskyesa; Reinardus Adhiputra Suryandaru; Yohanes Berenika Kadarusman
Jurnal Ilmu Manajemen & Ekonomika Vol 11, No 2 (2019): Jurnal Ilmu Manajemen dan Ekonomika, Vol. 11, No.2, June 2019
Publisher : Indonesia Banking School

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (542.842 KB) | DOI: 10.35384/jime.v11i2.141


In decentralization system, understanding the characteristics of region’s economy becomes necessary for productivity. In that regard, this descriptive study aims to describe the characteristics of the local economy in Balinese regencies and to identify the potential sectors to be developed therein. Using such methodologies as Klassen Typology, Location Quotient, Growth-Ratio Model, and Overlay analysis from year 2010 to 2016. As a result, we have found significant gap amongst regencies, where Badung and Denpasar are the most developed regencies, with high level both in growth rate and GDP per Capita. On the other hand, Klungkung, Jembrana, Bangli, Karangasem, and Tabanan are the least developed. Furthermore, it was found that most sectors in Bali are experiencing slow growth during the research period. By studying all the regencies in Bali province, this study not only enrich the existing literature but also recommend potential sectors from each region to be developed in order to reduce the development gap between regencies.