Conceptual Model of Informal Business Development Based on Intellectual Capital

Tinneke Evie Meggy Sumual, Muhammad Amir Arham, Arie Kawulur, Rocky Rimbing

Abstract


This paper aims to describe the conceptual model of informal business development applied to “Tibo-Tibo†fisherwomen in North Minahasa Regency. Data and information were obtained by observation and structured interviews to “Tibo-Tibo†fisherwomen, business partners and village governments. The data was analyzed qualitatively by using Miles Huberman perspective, through stages: data reduction, data presentation, conclusion drawing and verification. After going through the validity of experts, this paper produced a conceptual model of informal business development based on intellectual capital namely human capital, social capital and organizational capital. This paper recommends that through the intellectual capital approach "Tibo-Tibo" fisher women's business can be improved through empowerment. Empowerment in the form of human capital will increase the added value products with the availability of a variety of products for frozen food businesses and products for culinary businesses. Empowerment in the form of social capital will strengthen the values of relationships with business partners, trust to customers and employees and strengthen the work culture "mapalus" (local wisdom for the community) such as cooperation and helping each other. Empowerment in the form of organizational will strengthening the management and organizational professionalism as well as the acknowledgment of business license and product brands by consumers.

Full Text:

PDF

References


Ahmed, S. S., Guozhu, J., Mubarik, S., Khan, M., & Khan, E. (2019). Intellectual capital and business performance: the role of dimensions of absorptive capacity. Journal of Intellectual Capital, 21(1), 23–39. https://doi.org/10.1108/JIC-11-2018-0199

Amin, S., & Aslam, S. (2017). Intellectual capital, innovation and firm performance of pharmaceuticals: A study of the London Stock Exchange. Journal of Information & Knowledge Management, 6(2), 1-20. https://www.worldscientific.com/doi/abs/10.1142/S0219649217500174

Bacila, L. M. (2019). Intellectual capital-key factor in organization development. Journal of Defense Resources Management, 10(1), 41-50.

Basuki, & Kusumawardhani, T. (2012). Intellectual capital, financial profitability, and productivity: An exploratory study of the indonesian pharmaceutical industry. Asian Journal of Business and Accounting, 5(2), 41–68.

Bontis, N. (1998). Mapping the human capital management research trends using bibliometric analysis. Management Decision, 32(6), 63–76.

Bontis, N., Keow, W. C. C., & Richardson, S. (2000). Intellectual capital and business performance in Malaysian industries. Journal of Intellectual Capital, 1(1), 85–100. https://doi.org/10.1108/14691930010324188

Bowles, S., & Gintis, H. (2002). Social capital and community governance. Economic Journal, 112(483), 419–436. https://doi.org/10.1111/1468-0297.00077

Bryl, L. (2017). Intellectual capital measurement. Encyclopedia of Information Science and Technology, Fourth Edition, 1(1), 5056–5066. https://doi.org/10.4018/978-1-5225-2255-3.ch438

Chen, Y. S., Lin, M. J. J., & Chang, C. H. (2009). The positive effects of relationship learning and absorptive capacity on innovation performance and competitive advantage in industrial markets. Industrial Marketing Management, 38(2), 152–158. https://doi.org/10.1016/j.indmarman.2008.12.003

Dess, G. G., & Shaw, J. D. (2001). Voluntary turnover, social capital, and organizational performance. Academy of Management Review, 26(3), 446–456. https://doi.org/10.5465/AMR.2001.4845830

Hitt, M. A., Bierman, L., Shimizu, K., & Kochhar, R. (2001). Direct and moderating effects of human capital on strategy and performance in professional service firms: A resource-based perspective. Academy of Management Journal, 44(1), 13–28. https://doi.org/10.2307/3069334

Kawulur, A. F., Tumiwa, R. A. F., & Rumagit, M. C. N. (2020). Human resource, culture and innovation as the success factors of the coastal tourism community objects. Journal of International Conference Proceedings, 3(1), 41–45. https://doi.org/10.32535/jicp.v2i4.778

Kimbal, R. W. (2020). Strengthening human capital through social capital (a study on kacang tore small enterprise). International Journal of Applied Business and International Management, 5(1), 12–22. https://doi.org/10.32535/ijabim.v5i1.763

Marr, B., Schiuma, G., & Neely, A. (2004). Intellectual capital – defining key performance indicators for organizational knowledge assets. Business Process Management Journal, 10(5), 551–569. https://doi.org/10.1108/14637150410559225

Putra, I. G. C., Wedasari, D., & Rahmasari, G. A. P. W. (2020). The effect of intellectual capital and corporate governance on the performance of village credit institutions. International Journal of Applied Business and International Management, 5(3), 35–40. https://doi.org/10.32535/ijabim.v5i3.979

Roos, G., & Roos, J. (1997). Measuring your company’s intellectual performance. Long Range Planning, 30(3). https://doi.org/10.1016/s0024-6301(97)00022-8

Sumual, T., & Kawulur, A. F. (2017). Increasing employee productivity through human capital and organizational capital. International Journal of Business and Management Invention, 6(9), 16–21.

Youndt, M., & Snell, S. (2004). Human resource configurations, intellectual capital, and organizational performance. Journal of Managerial Issues, 32(1), 60.




DOI: https://doi.org/10.32535/jicp.v4i1.1130

Refbacks

  • There are currently no refbacks.


Copyright (c) 2021 Tinneke Evie Meggy Sumual, Muhammad Amir Arham, Arie Kawulur, Rocky Rimbing

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Flag Counter

Published by:

AIBPM Publisher

Editorial Office:

JL. Kahuripan No. 9 Hotel Sahid Montana, Malang, Indonesia
Phone:+62 341 366222
Email: journal.jicp@gmail.com
Website:http://ejournal.aibpmjournals.com/index.php/JICP

Supported by: Association of International Business & Professional Management

If you are interested to get the journal subscription you can contact us at admin@aibpm.org.

ISSN 2622-0989 (Print)
ISSN 2621-993X (Online)

DOI:Prefix 10.32535 by CrossREF

Journal of International Conference Proceedings (JICP) INDEXED:

 

In Process


This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.