The purpose of this study is to design a teaching factory learning model in Vocational Higher Education ". This research is a literature study. This study was conducted at Polinema Bakery. The stages of the study are as follows: (1) review the literature; (2) Carrying out a survey of the bakery industry; (3) designing an entrepreneurial learning model using the teaching factory method; (4) determine the target model of teaching factory learning model; and (5) describe the entrepreneurship learning model with the Factory teaching method. The results of the study are 6-step Teaching Factory learning models, namely: (1) receiving orders, analyzing orders, stating readiness to work on orders, working orders, carrying out quality control, and delivery orders. Results of the study show that students feel happy following the learning, obtaining a picture of the business, getting experience producing products, working in team, and experience managing a business. Keywords—entrepreneurship education, learning model, teacing factory, vocational higher education
This research was aimed at developing a big data model for future strategic formulation of food and beverage businesses in Thailand. The Mixed Research Method was used comprising both the quantitative and qualitative studies. The process carried out involved 3 steps, namely: (1) Analysis and categorization of data for formulating the future strategies by content analysis based on Porter’s Five Forces Competitiveness and Strategic Foresight White Paper. (2) Study of data for formulating the future strategies by quantitative research and collection of data from administrators and data-managing officers of 60 food and beverage business firms whose benefit turnovers are high. (3) Verification and evaluation of the big data model developed by experts. The big data model was derived from the outcomes of the research, and is used for formulating future strategies. The model is composed of 6 data sets, 12 data subsets and 262 data elements. The mostly used big data sets for future strategic formulation are: business environments, products and services, manufacturing technology, laws and effects, people involved in the future business, and organization image, respectively.
This paper aims to investigate the challenges of estimating the yield curve of corporate bonds in Kazakhstan. The author suggests a method of constructing a yield curve of corporate bonds in the Kazakh debt market with low liquidity. The research covers the period from January 2014 to December 2018, with a sample of 397 corporate bonds with maturities varying from 1 year to 30 years. To estimate the term structure of corporate bonds, a parsimonious model (Nelson & Siegel) and a stochastic factor model (Vasicek) were applied on a 60-days smoothing period, which includes days with no trades on various segments of the curve. The findings of this paper indicate that both estimation models demonstrated the ability to adequately reflect interest rate movements and estimated continuous and smooth yield curves of Kazakh corporate bonds. However, Nelson & Siegel model had better indicators of the yield curve flexibility and was not quite sensitive to the constraint of low liquidity of the local debt market. The results of this study comply with the expectations hypothesis of the term structure of interest rates, implying that an inverted yield curve occurs when short-term bond rates had higher rates than those with longer maturities. Our results could be helpful for local market participants when planning bonds issue and for investors when choosing investment strategies.
This study investigates the factors influencing social media usage towards micro and small enterprise using the TOE Framework. The TOE Framework respectfully stands for technological context, organizational context, and environmental context. The samples used in this study includes micro and small enterprise owners in Indonesia that actively uses social media for their business marketing purposes. This study uses Partial-Least-Squares-Structural-Equation-Modeling (PLS-SEM) for the path analysis of 310 responses from SME’s owners, executives, and managers using purposive sampling method. The technological context is represented by relative advantage, compatibility, cost-effectiveness, structural assurance, and interactivity. The organizational context is represented by top management’s support and entrepreneurial orientation. The environmental context is represented by institutional pressure. This study hopes to help organizations understand the benefits of social media usage and provides a justification for investments in social media by organizations.
Entrepreneurs have been challenged ever since, with several factors which impede their entrepreneurial activities towards successful entrepreneurship and sustainability. An entrepreneur cannot progress without overcoming the challenge that poses as a threat towards harnessing the imminent business opportunity identified. These challenges (factors) are experienced in different forms depending on the location, circumstances and the individual. However, variables from various theoretical factors were surveyed; sociological, psychological, innovative and the need for high achievement factors, and the results revealed led to the development of the conceptual framework of entrepreneurial success and sustainability.
