IR 4.0 & S 5.0 THE CHALLENGE AND OPPORTUNITY ON HOME BASED BUSINESS
Abstract
This paper is describing the challenges and opportunities faced by home base business (HBB) who are forced to follow changes in the flow of the industrial world and social life, as known Industrial Revolution 4.0 or Industry 4.0. and Social System 5.0. So the new phenomena is born and no matter how the world must take it. Basically the effects of the new phenomenon are quite surprising to HBB because they have fallen in negative mind set and worried. However, HBB is stand still and tough, since their financial burden is not large, then HBB are able to overcome the circumstances by their own strategy to survive, but the impact is low business growth. The HBB Opportunities in the change is to utilized effectively living technology to support their business, which has been exist in daily activities. Then, the challenges should be tame are increasing concern for the development of the micro and macro environment. The final conclusion of the paper is that HBB are indeed resilient and become the basic economic base of the country, because it is a large-scale business embryo and the suggestion that can be delivered is the role of the government through the promotion of cooperative institutions as a counterpart to domestic HBB.
References
Clark, Delwyn N. & Douglas, H. (2010). Micro business: Characteristics of home-based business in New Zealand, Small Enterprise Research, 17:2, pp.112-123, DOI: 10.5172/ ser.17.2.112
Collins Kapkiyai & Edwin Kimitei (2016). Small and Micro Enterprise Owners’ Characteristic and Their Impact on Capital. European Journal of Business, Economics and Accountancy Vol. 4, No. 3, pp. 23-35
Curran, D. (2017). Risk, innovation, and democracy in the digital economy. European Journal of Social Theory, 21(2), pp. 207-226
Douglas, H. (2005). Creating a virtual home for home business in New Zealand. In Sayers, J. & Monin, N. (2005). The global garage: Home based business in New Zealand. Melbourne: Thomson/Dunmore Press, pp. 293-302
Fukuyama, M. (2018). Society 5.0: Aiming for a New Human-Centered Society. Japan Spotlight , July / August . pp. 47-50
Gaggioli, A. (2017). Digital social innovation. Cyber psychology, Behavior, and Social Networking, 20(11), pp. 723-723
Hermann, P,O. (2016): Design Principles for Industrie 4.0 Scenarios, retrieved on 22 Feb 2020
Jim Hoy Yam (2019). Manajemen Strategi, Konsep dan Implementasi. Ed.1, Cetakan 1, PT. Raja Grafindo Persada, Depok.
Kapkiyai C., Kimitei E.(2016).Small aand Micro Enterprise Owners’ Characteristic and Their Impact on Capital Structure. European Journal of Business, Economics and Accountancy vol. 4, No. 3, 2016. Pp.23-35
Keen, C., & Sayers, J. (2005) Smart, fast, small and virtual: Innovative home-based Internet businesses (HBIB) in New Zealand, In Sayers, J. & Monin, N. (Eds.) The global garage: Home based business in New Zealand. Melbourne: Thomson/Dunmore Press, pp. 185-203.
Martin, G. & Staines, H. (2008). Managerial competencies in small firm, Journal of Management Development, 13 (7), pp. 23-34.
Mason, Colin M. , Carter,S., & Tagg,S. (2011) Invisible Businesses: The Characteristics of Home-based Businesses in the United Kingdom, Regional Studies, 45:5, 625-639, DOI: 10.1080/00343401003614241
Mason, C., Jones, E., & Dwelly, T. (2009). Home based business: The Cinderella of the enterprise economy? Institute for Small Business and Entrepreneurship 32nd Annual Conference, Liverpool, November.
Monin, N., & Sayers, J. (2005). The global garage: Home-based business in New Zealand. Melbourne: Thomson/Dunmore Press, pp. 1-15
Jay, L., & Schaper, M. (2003). Which advisors do micro-firms use? Some Australian evidence. Journal of Small Business and Enterprise Development, 10(2), pp. 136-143.
Phillips, B.D. (2002). Home-based firms, e-commerce, and high technology small firms: Are they related? Economic Development Quarterly, 16(1), pp. 39-48.
Pochenchuk, G., Fedkovich, Y, Babukh, I., & Baraniuk, D. (2018). Innovations of the digital era and economic choice. The USV Annals of Economics and Public Administration, 18(1), pp. 63-69.
Rowe, B.R., Haynes, G.W., & Stafford, K. (1999). The contribution of home-based business income to rural and urban economies. Economic Development Quarterly, 13(1), pp. 66-77.
Ruiz, Y., & Walling, A. (2005). Home-based working using communication technologies. Labour Market Trends, October, pp.417-426.
Sandro Serpan & Miguel Ferreira (2019). Journal of Organizational Culture, Communications and Conflicts ,Volume 23, Issue 1, pp.1-14
Serpa, S., & Ferreira, C.M. (2018). Goffman’s backstage revisited: Conceptual relevance in contemporary social interactions. International Journal of Social Science Studies, 6 (10), 74. doi: 10.11114/ijsss.v6i10.3659.
Shane, S (2000), “Prior Knowledge and the discovery of entrepreneurial opportunitiesâ€, Organisation Science, 11,pp. 448-469
Utsch, A., Rauch, A., Rothfuss, R., & Frese, M. (1999), “Who becomes a small scale entrepreneur in a post-socialist environment: On the differences between entrepreneurs and managers in East Germanyâ€, Journal of Small Business Management 37(3), 31-41
Van Gelderen, M., Sayers, J., & Keen, C. (2008). Home-based internet businesses as drivers of variety. Journalof small business and enterprise Development, 15(1), pp.162-177
Wu, Y.J., Shu-Jou, L., & Hsieh, Y.J. (2019). Entrepreneurship and innovation in the digital era. Computers in Human Behavior, 95, pp. 233-237
www.8.cao.go.jp
www.fundera.com
www.i-scoop.eu
UU No.20/2008
Downloads
Published
Issue
Section
License
LPPM Prosiding Seminar Nasional Universitas Islam Syekh Yusuf this site and metadata is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License
