Pub Date : 2025-01-02DOI: 10.1016/j.joitmc.2025.100466
Muhammad Hasan , Tuti Supatminingsih , Thamrin Tahir , Feliks Arfid Guampe , Andrian Dolfriandra Huruta , Carol Yirong Lu
The relationship between sustainable agriculture, entrepreneurship, and innovation is an increasingly important global issue because sustainable agriculture contributes to a country's economy. This study aims to explore entrepreneurial literacy based on sustainable agricultural knowledge in agricultural SMEs and explore the application of sustainable agricultural knowledge in carrying out agricultural SMEs entrepreneurial activities. This study uses a qualitative approach with a case study method using data collection techniques through in-depth interviews. Key informants and supporting informants for the study are urban agricultural actors who carry out SMEs entrepreneurial activities in the agricultural sector. The triangulation technique used in this study increases the validity of the findings. Through an investigation using TBL, this study successfully explored entrepreneurial literacy based on sustainable agricultural knowledge in agricultural SMEs and explored the application of sustainable agricultural knowledge in carrying out agricultural SMEs entrepreneurial activities. This study can help develop concepts related to entrepreneurial literacy based on sustainable agricultural knowledge, especially when viewed from the intellectual capital approach within the knowledge-based view (KBV) framework and the open innovation approach. This study also serves as a foundation for the government to improve entrepreneurship education programs and entrepreneurial literacy based on sustainable agricultural knowledge, which can encourage the implementation of sustainable entrepreneurship.
{"title":"Sustainable agricultural knowledge-based entrepreneurship literacy in agricultural SMEs: Triple bottom line investigation","authors":"Muhammad Hasan , Tuti Supatminingsih , Thamrin Tahir , Feliks Arfid Guampe , Andrian Dolfriandra Huruta , Carol Yirong Lu","doi":"10.1016/j.joitmc.2025.100466","DOIUrl":"10.1016/j.joitmc.2025.100466","url":null,"abstract":"<div><div>The relationship between sustainable agriculture, entrepreneurship, and innovation is an increasingly important global issue because sustainable agriculture contributes to a country's economy. This study aims to explore entrepreneurial literacy based on sustainable agricultural knowledge in agricultural SMEs and explore the application of sustainable agricultural knowledge in carrying out agricultural SMEs entrepreneurial activities. This study uses a qualitative approach with a case study method using data collection techniques through in-depth interviews. Key informants and supporting informants for the study are urban agricultural actors who carry out SMEs entrepreneurial activities in the agricultural sector. The triangulation technique used in this study increases the validity of the findings. Through an investigation using TBL, this study successfully explored entrepreneurial literacy based on sustainable agricultural knowledge in agricultural SMEs and explored the application of sustainable agricultural knowledge in carrying out agricultural SMEs entrepreneurial activities. This study can help develop concepts related to entrepreneurial literacy based on sustainable agricultural knowledge, especially when viewed from the intellectual capital approach within the knowledge-based view (KBV) framework and the open innovation approach. This study also serves as a foundation for the government to improve entrepreneurship education programs and entrepreneurial literacy based on sustainable agricultural knowledge, which can encourage the implementation of sustainable entrepreneurship.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 1","pages":"Article 100466"},"PeriodicalIF":0.0,"publicationDate":"2025-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143138591","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-01-02DOI: 10.1016/j.joitmc.2024.100465
Saibal Ghosh
The usefulness of G2P payments for supporting account activity as part of financial inclusion has been well-recognised in the literature. However, not much empirical evidence is available to support this contention. To inform the debate, the study uses repeated cross-sectional survey data for India at the district level to analyse the role of G2P payments on account activity. Using appropriate empirical design to account for sample selection bias, we find that G2P payments increase account activity by anywhere between 45 and 70 percentage points, with the magnitudes being higher when such credits are made directly into bank accounts than when they are paid in cash. Among others, income, education, gender and marital status appear to positively impact the use of bank accounts. We employ several robustness tests and continue to find evidence supporting these findings.
{"title":"How impactful is G2P in driving account activity? Indian evidence","authors":"Saibal Ghosh","doi":"10.1016/j.joitmc.2024.100465","DOIUrl":"10.1016/j.joitmc.2024.100465","url":null,"abstract":"<div><div>The usefulness of G2P payments for supporting account activity as part of financial inclusion has been well-recognised in the literature. However, not much empirical evidence is available to support this contention. To inform the debate, the study uses repeated cross-sectional survey data for India at the district level to analyse the role of G2P payments on account activity. Using appropriate empirical design to account for sample selection bias, we find that G2P payments increase account activity by anywhere between 45 and 70 percentage points, with the magnitudes being higher when such credits are made directly into bank accounts than when they are paid in cash. Among others, income, education, gender and marital status appear to positively impact the use of bank accounts. We employ several robustness tests and continue to find evidence supporting these findings.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 1","pages":"Article 100465"},"PeriodicalIF":0.0,"publicationDate":"2025-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143138592","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The rate of food loss and waste in Indonesia and Malaysia is increasing in line with the pace of consumption. However, hunger persists and must be addressed. Food banks are charitable organizations that donate extra food to those who cannot afford to buy it. The purpose of this study is to examine the business models and external environment of food banks, as well as to create recommendations for developing and optimizing food banks in Indonesia. The study used a qualitative method. The research sample was chosen to represent both countries. The social enterprise model canvas was used to evaluate the business model typology of a social organization. The findings revealed that there were many types of food bank institutions, but there was no political, economic, or legal support for the development of a food bank. The food banks' business models required the establishment of policy frameworks and legal protection for food banks, models for food bank institutions, capacity building for food bank institutions and their managers, and support for social culture through various initiatives. Food banks in both countries had different strategy to develop their social innovation initiative.
{"title":"Food banks as a social innovation initiative: A comparison of social enterprise models between Indonesia and Malaysia","authors":"Dikky Indrawan , Agustina Widi Palupiningrum , Adhitya Rahmana , Popong Nurhayati , Windi Siti Maryam , Mohd Rizal Razalli , Nor Hasni Osman , Norlena Binti Hasnan , Alminnourliza Binti Noordin","doi":"10.1016/j.joitmc.2024.100464","DOIUrl":"10.1016/j.joitmc.2024.100464","url":null,"abstract":"<div><div>The rate of food loss and waste in Indonesia and Malaysia is increasing in line with the pace of consumption. However, hunger persists and must be addressed. Food banks are charitable organizations that donate extra food to those who cannot afford to buy it. The purpose of this study is to examine the business models and external environment of food banks, as well as to create recommendations for developing and optimizing food banks in Indonesia. The study used a qualitative method. The research sample was chosen to represent both countries. The social enterprise model canvas was used to evaluate the business model typology of a social organization. The findings revealed that there were many types of food bank institutions, but there was no political, economic, or legal support for the development of a food bank. The food banks' business models required the establishment of policy frameworks and legal protection for food banks, models for food bank institutions, capacity building for food bank institutions and their managers, and support for social culture through various initiatives. Food banks in both countries had different strategy to develop their social innovation initiative.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 1","pages":"Article 100464"},"PeriodicalIF":0.0,"publicationDate":"2024-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143138646","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-28DOI: 10.1016/j.joitmc.2024.100463
Ebrahim Mohammed Alrawhani , Awanis Romli , Mohammed A. Al-Sharafi
This research investigated the behavior related to compliance with information security policy in the Yemeni banking sector by using the protection motivation theory (PMT). While PMT has been a prominent framework in understanding information security compliance, previous research has produced inconsistent findings regarding its factors' effects on compliance behavior, necessitating further empirical validation. Moreover, the majority of research has been carried out in developed countries. The data were collected from 210 bank employees in Yemen and analyzed using PLS-SEM. This research study showed that perceived self-efficacy, response efficacy, and severity significantly influence the employees' intentional behavior in complying with information security policies. However, the results did not support the hypotheses of perceived response cost and perceived vulnerability. The study also discusses both theoretical and practical implications of enhancing information security compliance behavior.
{"title":"Evaluating the role of protection motivation theory in information security policy compliance: Insights from the banking sector using PLS-SEM approach","authors":"Ebrahim Mohammed Alrawhani , Awanis Romli , Mohammed A. Al-Sharafi","doi":"10.1016/j.joitmc.2024.100463","DOIUrl":"10.1016/j.joitmc.2024.100463","url":null,"abstract":"<div><div>This research investigated the behavior related to compliance with information security policy in the Yemeni banking sector by using the protection motivation theory (PMT). While PMT has been a prominent framework in understanding information security compliance, previous research has produced inconsistent findings regarding its factors' effects on compliance behavior, necessitating further empirical validation. Moreover, the majority of research has been carried out in developed countries. The data were collected from 210 bank employees in Yemen and analyzed using PLS-SEM. This research study showed that perceived self-efficacy, response efficacy, and severity significantly influence the employees' intentional behavior in complying with information security policies. However, the results did not support the hypotheses of perceived response cost and perceived vulnerability. The study also discusses both theoretical and practical implications of enhancing information security compliance behavior.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 1","pages":"Article 100463"},"PeriodicalIF":0.0,"publicationDate":"2024-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143138557","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study explores the influence of metaverse experiences and social interaction on tourists’ engagement and satisfaction in virtual tourism environments. In the digital era, the metaverse provides an immersive, interactive platform for tourism, allowing users to experience destinations virtually. Drawing from theoretical frameworks on tourism experience, the metaverse experience in this study is categorized into three core dimensions: presence and telepresence, immersion, interactivity and vividness. Additionally, social interaction, which encompasses peer-to-peer engagement and community building within virtual settings, is examined as a mediating factor that may enhance the overall tourism experience. Data was collected from 400 tourists in Thailand and analyzed using structural equation modeling (SEM) to test two primary hypotheses: first, that the metaverse has a direct positive influence on tourism experience, and second, that social interaction mediates this relationship. Results support both hypotheses, demonstrating that the metaverse significantly enhances tourism experience through its immersive and interactive features, with social interaction further amplifying this effect as a partial mediator. These findings suggest valuable implications for tourism practitioners and developers of virtual tourism platforms, emphasizing the need to integrate high-quality, socially engaging digital experiences. The study contributes to understanding how metaverse technology, combined with social engagement, can enrich virtual tourism and align with Thailand’s broader digital tourism initiatives.
{"title":"Unveiling the metaverse: The mediating role of social interaction in enhancing tourism experiences","authors":"Sureerut Inmor , Khahan Na-Nan , Kanakarn Phanniphong , Nutt Jaturat , Matěj Hirnšal","doi":"10.1016/j.joitmc.2024.100461","DOIUrl":"10.1016/j.joitmc.2024.100461","url":null,"abstract":"<div><div>This study explores the influence of metaverse experiences and social interaction on tourists’ engagement and satisfaction in virtual tourism environments. In the digital era, the metaverse provides an immersive, interactive platform for tourism, allowing users to experience destinations virtually. Drawing from theoretical frameworks on tourism experience, the metaverse experience in this study is categorized into three core dimensions: presence and telepresence, immersion, interactivity and vividness. Additionally, social interaction, which encompasses peer-to-peer engagement and community building within virtual settings, is examined as a mediating factor that may enhance the overall tourism experience. Data was collected from 400 tourists in Thailand and analyzed using structural equation modeling (SEM) to test two primary hypotheses: first, that the metaverse has a direct positive influence on tourism experience, and second, that social interaction mediates this relationship. Results support both hypotheses, demonstrating that the metaverse significantly enhances tourism experience through its immersive and interactive features, with social interaction further amplifying this effect as a partial mediator. These findings suggest valuable implications for tourism practitioners and developers of virtual tourism platforms, emphasizing the need to integrate high-quality, socially engaging digital experiences. The study contributes to understanding how metaverse technology, combined with social engagement, can enrich virtual tourism and align with Thailand’s broader digital tourism initiatives.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 1","pages":"Article 100461"},"PeriodicalIF":0.0,"publicationDate":"2024-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143138554","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-25DOI: 10.1016/j.joitmc.2024.100462
Muhammad Shobur , I. Nyoman Marayasa , Sofian Bastuti , Achmad Chaerul Muslim , Gilang Ardi Pratama , Rini Alfatiyah
Dependence on imports increases the risk of global price volatility, particularly in the event of disruptions to international trade. Furthermore, global price fluctuations—often beyond the control of local governments—exacerbate domestic price volatility. The rice supply chain in East Java exhibits a complex structure, heavily dependent on intermediaries (middlemen) who dominate distribution channels and suppress grain prices. This dominance by intermediaries leads to profit disparities and diminishes farmers' incentives to increase production and improve harvest quality. Using a Causal Loop Diagram (CLD), this research identifies a reinforcing feedback loop that perpetuates import dependency and a balancing loop facilitated by BULOG’s strategic role in price stabilization and stock management. Dynamic simulations under three import policy scenarios (Import Policy Factors of 0.2, 0.5, and 0.8) reveal the significant effects of these policies on BULOG's stock levels, domestic production, import volumes, agricultural land-use and domestic rice prices. The Import Policy Factor 0.2 scenario supports domestic production, achieving output levels of up to 5,512,795 tons while minimizing dependence on imports, stabilizing domestic rice prices at IDR 13,004 per kilograms and improving farmers' welfare. Conversely, the 0.8 scenario highlights heavy import dependence, with domestic production plummeting to 2,441,428 tons, exposing the sector to global price volatility and undermining the competitiveness of local farmers. The findings underscore the critical need for agricultural land-use diversification into high-value crops, the establishment of equitable regulatory frameworks, and incentives to sustain farmers' productivity. An optimized communication model is proposed to foster collaboration among key supply chain stakeholders—government agencies, BULOG, farmers, intermediaries, and distributors—through accessible digital tools such as dashboards and mobile applications. This approach improves policy transparency, strengthens distribution networks, and promotes price stability, contributing to a more sustainable regional food system. This research provides a strategic framework for integrating import policy, domestic production strategies, and commodity diversification to bolster food security in East Java.
{"title":"Enhancing food security through import volume optimization and supply chain communication models: A case study of East Java's rice sector","authors":"Muhammad Shobur , I. Nyoman Marayasa , Sofian Bastuti , Achmad Chaerul Muslim , Gilang Ardi Pratama , Rini Alfatiyah","doi":"10.1016/j.joitmc.2024.100462","DOIUrl":"10.1016/j.joitmc.2024.100462","url":null,"abstract":"<div><div>Dependence on imports increases the risk of global price volatility, particularly in the event of disruptions to international trade. Furthermore, global price fluctuations—often beyond the control of local governments—exacerbate domestic price volatility. The rice supply chain in East Java exhibits a complex structure, heavily dependent on intermediaries (middlemen) who dominate distribution channels and suppress grain prices. This dominance by intermediaries leads to profit disparities and diminishes farmers' incentives to increase production and improve harvest quality. Using a Causal Loop Diagram (CLD), this research identifies a reinforcing feedback loop that perpetuates import dependency and a balancing loop facilitated by BULOG’s strategic role in price stabilization and stock management. Dynamic simulations under three import policy scenarios (Import Policy Factors of 0.2, 0.5, and 0.8) reveal the significant effects of these policies on BULOG's stock levels, domestic production, import volumes, agricultural land-use and domestic rice prices. The Import Policy Factor 0.2 scenario supports domestic production, achieving output levels of up to 5,512,795 tons while minimizing dependence on imports, stabilizing domestic rice prices at IDR 13,004 per kilograms and improving farmers' welfare. Conversely, the 0.8 scenario highlights heavy import dependence, with domestic production plummeting to 2,441,428 tons, exposing the sector to global price volatility and undermining the competitiveness of local farmers. The findings underscore the critical need for agricultural land-use diversification into high-value crops, the establishment of equitable regulatory frameworks, and incentives to sustain farmers' productivity. An optimized communication model is proposed to foster collaboration among key supply chain stakeholders—government agencies, BULOG, farmers, intermediaries, and distributors—through accessible digital tools such as dashboards and mobile applications. This approach improves policy transparency, strengthens distribution networks, and promotes price stability, contributing to a more sustainable regional food system. This research provides a strategic framework for integrating import policy, domestic production strategies, and commodity diversification to bolster food security in East Java.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 1","pages":"Article 100462"},"PeriodicalIF":0.0,"publicationDate":"2024-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143138595","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-20DOI: 10.1016/j.joitmc.2024.100460
Le Thi Viet Ha , Pham Nhat Linh , Doan Duc Thanh , Thi-Hue Nguyen , Duy Van Nguyen , Lan-Anh Thi Nguyen , Phi-Hung Nguyen
Employee innovation capability is a vital driver of business development and competitive advantage in today's dynamic markets. This study examines the role of corporate culture—specifically corporate vision, core values, customer orientation, and leadership—in shaping employees' innovation capability within enterprises. Drawing on data collected from 890 employees across various Vietnamese companies, this research utilizes the Partial Least Squares Structural Equation Modeling (PLS-SEM) approach, analyzed using Smart-PLS version 3.0 software, to test its hypotheses. The findings reveal that corporate vision, while not directly influencing innovation capability, has a significant indirect impact through customer orientation and leadership. Core values, in contrast, demonstrate both direct and indirect positive effects on innovation capability via these mediating factors. Additionally, the study highlights the moderating role of employee experience, showing that more experienced employees tend to be less responsive to visionary initiatives than their less experienced counterparts. This research contributes to the theoretical understanding of how corporate culture influences innovation by integrating Social Exchange Theory, Self-Determination Theory, and Social Learning Theory. It also provides practical implications for organizations seeking to foster innovation, emphasizing the importance of aligning vision and core values with leadership strategies and customer orientation while addressing the potential challenges posed by employee experience. By advancing insights into these dynamics, this study offers valuable contributions to the fields of organizational behavior and innovation management, with implications that extend beyond regional boundaries to global enterprises operating in complex and competitive environments.
{"title":"The impact of corporate vision, customer orientation, and core values with experience as a moderator – insights from Vietnamese enterprises","authors":"Le Thi Viet Ha , Pham Nhat Linh , Doan Duc Thanh , Thi-Hue Nguyen , Duy Van Nguyen , Lan-Anh Thi Nguyen , Phi-Hung Nguyen","doi":"10.1016/j.joitmc.2024.100460","DOIUrl":"10.1016/j.joitmc.2024.100460","url":null,"abstract":"<div><div>Employee innovation capability is a vital driver of business development and competitive advantage in today's dynamic markets. This study examines the role of corporate culture—specifically corporate vision, core values, customer orientation, and leadership—in shaping employees' innovation capability within enterprises. Drawing on data collected from 890 employees across various Vietnamese companies, this research utilizes the Partial Least Squares Structural Equation Modeling (PLS-SEM) approach, analyzed using Smart-PLS version 3.0 software, to test its hypotheses. The findings reveal that corporate vision, while not directly influencing innovation capability, has a significant indirect impact through customer orientation and leadership. Core values, in contrast, demonstrate both direct and indirect positive effects on innovation capability via these mediating factors. Additionally, the study highlights the moderating role of employee experience, showing that more experienced employees tend to be less responsive to visionary initiatives than their less experienced counterparts. This research contributes to the theoretical understanding of how corporate culture influences innovation by integrating Social Exchange Theory, Self-Determination Theory, and Social Learning Theory. It also provides practical implications for organizations seeking to foster innovation, emphasizing the importance of aligning vision and core values with leadership strategies and customer orientation while addressing the potential challenges posed by employee experience. By advancing insights into these dynamics, this study offers valuable contributions to the fields of organizational behavior and innovation management, with implications that extend beyond regional boundaries to global enterprises operating in complex and competitive environments.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 1","pages":"Article 100460"},"PeriodicalIF":0.0,"publicationDate":"2024-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143138431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-20DOI: 10.1016/j.joitmc.2024.100457
Md. Tareque Rahaman, Md. Shakib Hossain Khan
The textile and apparel industries have experienced the arrival of the sustainable fashion revolution, which symbolizes a significant switch towards improving green innovations and lessening environmental effects. As industries highlight sustainability through eco-friendly apparel merchandising practices, switching to a circular economy can present potential transformation. This review highlights eco-friendly concepts and evaluates recent trends, complexities, and future prospects. It assesses the shift in industry from linear to circular approaches by applying today's closed-loop product recycling strategies, waste reduction, and sustainable sourcing. It critically examines contemporary perspectives on green merchandising with a focus on key challenges arising from these complex supply chains, evolving customer preferences, and legislation. It performs an in-depth critical analysis of contemporary literature to identify the best practices and emerging trends in the advancement of circularity. It outlines the importance of collaboration by manufacturers, retailers, and consumers in advancing green merchandising in textiles and apparel. It seeks to encourage manufacturers towards more sustainable practices by providing practical advice and synthesizing findings. It can ultimately lead to a more resilient and environmentally conscious textiles and apparel sector.
{"title":"Green merchandising of textiles and apparel in a circular economy: Recent trends, framework, challenges and future prospects towards sustainability","authors":"Md. Tareque Rahaman, Md. Shakib Hossain Khan","doi":"10.1016/j.joitmc.2024.100457","DOIUrl":"10.1016/j.joitmc.2024.100457","url":null,"abstract":"<div><div>The textile and apparel industries have experienced the arrival of the sustainable fashion revolution, which symbolizes a significant switch towards improving green innovations and lessening environmental effects. As industries highlight sustainability through eco-friendly apparel merchandising practices, switching to a circular economy can present potential transformation. This review highlights eco-friendly concepts and evaluates recent trends, complexities, and future prospects. It assesses the shift in industry from linear to circular approaches by applying today's closed-loop product recycling strategies, waste reduction, and sustainable sourcing. It critically examines contemporary perspectives on green merchandising with a focus on key challenges arising from these complex supply chains, evolving customer preferences, and legislation. It performs an in-depth critical analysis of contemporary literature to identify the best practices and emerging trends in the advancement of circularity. It outlines the importance of collaboration by manufacturers, retailers, and consumers in advancing green merchandising in textiles and apparel. It seeks to encourage manufacturers towards more sustainable practices by providing practical advice and synthesizing findings. It can ultimately lead to a more resilient and environmentally conscious textiles and apparel sector.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 1","pages":"Article 100457"},"PeriodicalIF":0.0,"publicationDate":"2024-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143138555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-20DOI: 10.1016/j.joitmc.2024.100459
Liliana Inggrit Wijaya, Zunairoh Zunairoh, Muhammad Izharuddin, Andri Rianawati
This study aims to identify and evaluate the main factors that influence the performance of MSMEs in the food sector, focusing on two main variables: the scope of e-commerce use and the capacity for innovation. This research also uses Structural Equation Modeling (SEM) analysis techniques using smart-PLS software. The results show that technological readiness and adoption costs influence the extent to which MSMEs can utilize e-commerce, while government support plays a role in facilitating a conducive environment for the adoption of this technology. On the other hand, the factors of autonomy, proactivity, and risk-taking courage increase the innovation capacity of MSMEs, allowing them to adapt, experiment, and create unique added value in the competitive market. An in-depth understanding of the interaction between these variables is expected to provide strategic insights to improve the competitiveness and performance of food MSMEs in the digital era. The managerial implications of this study, MSMEs in the food industry in Indonesia can improve their performance through effective utilization of e-commerce, development of innovation capabilities, and government support, which can help strengthen the competitiveness of MSMEs in the increasingly competitive global market.
{"title":"Scope of E-Commerce use, innovation capability, and performance: Food sector MSMEs in Indonesia","authors":"Liliana Inggrit Wijaya, Zunairoh Zunairoh, Muhammad Izharuddin, Andri Rianawati","doi":"10.1016/j.joitmc.2024.100459","DOIUrl":"10.1016/j.joitmc.2024.100459","url":null,"abstract":"<div><div>This study aims to identify and evaluate the main factors that influence the performance of MSMEs in the food sector, focusing on two main variables: the scope of e-commerce use and the capacity for innovation. This research also uses Structural Equation Modeling (SEM) analysis techniques using smart-PLS software. The results show that technological readiness and adoption costs influence the extent to which MSMEs can utilize e-commerce, while government support plays a role in facilitating a conducive environment for the adoption of this technology. On the other hand, the factors of autonomy, proactivity, and risk-taking courage increase the innovation capacity of MSMEs, allowing them to adapt, experiment, and create unique added value in the competitive market. An in-depth understanding of the interaction between these variables is expected to provide strategic insights to improve the competitiveness and performance of food MSMEs in the digital era. The managerial implications of this study, MSMEs in the food industry in Indonesia can improve their performance through effective utilization of e-commerce, development of innovation capabilities, and government support, which can help strengthen the competitiveness of MSMEs in the increasingly competitive global market.</div></div>","PeriodicalId":16678,"journal":{"name":"Journal of Open Innovation: Technology, Market, and Complexity","volume":"11 1","pages":"Article 100459"},"PeriodicalIF":0.0,"publicationDate":"2024-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143138594","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-18DOI: 10.1016/j.joitmc.2024.100458
Eko Putra Wahyuddin , Rezzy Eko Caraka , Robert Kurniawan , Wahyu Caesarendra , Prana Ugiana Gio , Bens Pardamean
This study aims to address the common issue of biased estimation errors in time series modeling by analyzing the error in locating ideal hyperparameters and defining appropriate validation methods. Specifically, it focuses on predicting the stock price of Bank Rakyat Indonesia using a combination of historical stock prices, technical indicators, exchange rates, and news sentiment data, while determining the optimal variables for deep learning models. Employing a deep learning-based Long-Short Term Memory (LSTM) model, the study optimizes hyperparameters alongside walk-forward validation for time series prediction. It explores different combinations of variables and adapts the sliding window approach to the context of the data. The results highlight the importance of optimizing hyperparameters and utilizing walk-forward validation for accurate time series prediction. The model incorporating historical stock prices and sentiment scores outperforms others, achieving an RMSE of 96.61 and MAE of 86.97. Incorporating sentiment scores reduces RMSE by 39.55 % compared to models using only historical stock prices, while adding technical indicators does not yield improvement. This study contributes to the field by addressing the issue of biased estimation errors in time series modeling, offering insights into the optimization of hyperparameters and validation methods for accurate predictions. It also underscores the significance of incorporating sentiment analysis alongside historical stock prices for improved forecasting accuracy.
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