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Journal : Journal of Contemporary Administration and Management (ADMAN)

The Importance of Entrepreneurship Education in Preparing the Young Generation to Face Global Economic Challenges Tono Mahmudin
ADMAN: Journal of Contemporary Administration and Management Vol 1 No 3 (2023): December 2023
Publisher : PT. LITERASI SAINS NUSANTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61100/adman.v1i3.78

Abstract

Entrepreneurship education plays a crucial role in preparing the younger generation to face the increasingly complex challenges of the global economy. The era of globalization and technological advancements has significantly transformed the business landscape, necessitating innovative entrepreneurial skills and thinking to compete effectively. The aim of this research is to analyze the importance of entrepreneurship education in preparing the younger generation for the challenges of the global economy. The approach involves a comprehensive review of relevant literature through qualitative analysis, with the objective of obtaining a thorough understanding of the subject from 2005 to 2023. The study results indicate that in the continually changing and complex context of the global economy, entrepreneurship education proves to be highly essential in preparing the younger generation for existing challenges. Entrepreneurship education not only provides a foundation of business knowledge but also develops entrepreneurial skills and business ethics values. The younger generation, having undergone this education, gains an advantage in identifying and seizing global business opportunities, as well as the ability to manage risks and face economic changes with composure. The significance of creativity, innovation, and social responsibility in entrepreneurship curriculum also emphasizes that this education is not only about business success but also about positive impacts on society and the environment.
Exploring the Potential of ChatGPT as a Virtual Assistant for Strategic Decision-Making in Startup Businesses Tono Mahmudin
ADMAN: Journal of Contemporary Administration and Management Vol 1 No 3 (2023): December 2023
Publisher : PT. LITERASI SAINS NUSANTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61100/adman.v1i3.98

Abstract

In the current era of digital and information technology, startup businesses have emerged as primary drivers of innovation and economic growth. Startups face unique challenges, including resource constraints and the pressure to make intelligent strategic decisions to survive and thrive in a competitive market. This research aims to identify the extent to which ChatGPT can serve as an effective virtual assistant in supporting strategic decision-making in the context of startup businesses. The study conducts an extensive literature review, employing qualitative analysis methods to gain a profound understanding of the topic, covering the period from 2005 to 2023. The findings of the study indicate that exploring the potential of ChatGPT as a virtual assistant for strategic decision-making in startup businesses holds various benefits. Its ability to process information rapidly, provide deep insights, and function as an effective communication tool can offer a competitive advantage. Features such as simulation and prediction also assist business leaders in making more informed decisions. However, it is important to note that the use of ChatGPT poses ethical and data security challenges. Therefore, startup businesses are advised to adopt clear policies, ensuring compliance with ethical business norms, and maintaining data security in accordance with applicable privacy regulations.