Articles

Madeira’s Entrepreneurship and the Shift in Incentive Strategies

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This study aims to evaluate the evolution of the incentive strategies of the Instituto de Emprego da Madeira, IP-RAM (IEM), which translated means Madeira Employment Institute, and their impact on the number of approved projects, jobs created and promoters/entrepreneurs that emerged. It also aims to evaluate the characteristics of the jobs created, promoters or non-promoters, their evolution, and interconnection with the literature review. In order to analyze the evolution of the entrepreneurship programs of the Madeira Employment Institute, and the characteristics of the jobs and promoters (unemployed entrepreneurs who apply for an entrepreneurship program), secondary data obtained from its annual balance reports (Emprego e Coesão Social – Breve Balanço reports), from 2011 to 2022, available on the institution’s website, at https://www.iem.madeira.gov.pt/estatisticas-anuais/, where data were obtained for the period between 2009 and 2022, using a quantitative methodology and where they demonstrate the different types of programs that the Madeira Employment Institute had or has throughout the period under analysis. Global analysis of entrepreneurship programs for the unemployed in recent years, their evolution over time, and the perception of whether the objectives of government institutions are being met, as well as the analysis of the jobs created, entrepreneurs or non-entrepreneurs, depending on their characteristics. One of the main objectives of the Madeira Employment Institute is being fulfilled, which is to rationalize resources in a better way, giving greater focus to the creation of jobs globally, as well as confirming some propositions of the revision of literature, among the articles analyzed, namely in terms of the characteristics of the jobs created, promoters or non-promoters, verifying a greater propensity for entrepreneurship among male individuals who were young adults, as well as the evolution of the jobs created in terms of level of education, which has been increasingly high. This study contributes to a possible basis for a comparative analysis between regions and institutions that work to encourage entrepreneurship, as well as to understand which aspects government entities should still work on, in order to improve their results.

Study of incentive strategies for Entrepreneurship: the case of the Autonomous Region of Madeira (Portugal)

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The aim of this study is to examine strategies to promote entrepreneurship, seeking to understand how individual characteristics influence the decision to undertake and whether fair access to opportunities is being guaranteed. The chosen methodological approach is quantitative in nature, using primary data collection through an online survey. The relevance of this research lies in the possibility of offering a diagnosis of the actions already implemented, as well as identifying new strategies to stimulate entrepreneurship. In general, it is understood that the Autonomous Region of Madeira (R.A.M.) has made a positive contribution to encouraging entrepreneurial activity, helping to reduce inequalities. This can be seen through initiatives such as support networks with mentors and entrepreneurs, and the creation of incubators, which have had a beneficial impact on the local ecosystem. However, there are still some challenges to overcome. Regarding management and entrepreneurship training programs, there was no positive relationship, which may be due to their current wide scope. The non-validation of the hypotheses relating to level of education and initial economic status suggests a reduction in these disparities because of greater access to training, information and funding. Factors such as creativity, motivation and willingness to take risks proved to be influential and should be considered. About age and gender, it is advisable to implement more targeted policies. The conclusions obtained have relevant implications for public policies in the R.A.M., pointing to the importance of strengthening support networks, facilitating access to existing measures, as well as improving and developing more effective and inclusive programs, adapted to the profile of local entrepreneurs.

The Role of Museums, Monuments and Sites to the Development of Cultural Heritage Tourism Entrepreneurship in Tanzania

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Museums, Monuments and Sites are currently becoming the hub of business enterprises. Besides the well-known core functions and roles of the Museums, monuments and Sites throughout the world, that includes but not limited to acquisition, conservation, preservation, researches and awareness rising though educational programs and exhibitions, recently the scope and the roles of museums, monuments and sites have been extended to the development of cultural tourism entrepreneurship. Griffin (2002) in the Kenneth Myer Lecture put it clear that the ultimate goal of entrepreneurship in museums must be the enhancement of the visitors’ experience of interaction with the authentic object and the increase in understanding and knowledge. In Tanzania for instance business enterprises, corporate institutions, companies, start-up organizations and individual entrepreneurs have been working together with museums, monuments and sites in their ventures to furnish the needs of their companies, visitors and partners. This paper therefore, intends to unearth various ventures, products and opportunities offered as the Cultural tourism entrepreneurship in Tanzania through Museums, Monuments and Sites. Although the predominant applications of entrepreneurship in museums seem to consist in diversifying income, financing through entrepreneurial endeavors, or stepping into business-like activities (Högberg & Jogmark, 2021; Toepler, 2006), being commercial and entrepreneurial does not necessarily mean deviating from the museum’s core values. As Brenton and Bouckaert’s argue (2021, p.725), “financial entrepreneurial museums are also progressive, ethical, and innovative”. Thus, to make this study easier simple random sampling and observation techniques were used as the tools to collect data and analyse them descriptively.

Building an Entrepreneurship Tradition Among Youth in Bondowoso Regency, Indonesia

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This study investigates the development of an entrepreneurial tradition among youth in Bondowoso Regency, Indonesia, in 2024. Drawing upon a qualitative methodology with a phenomenological approach, the research aims to understand the meanings and experiences of young entrepreneurs in the region. The findings highlight the interplay between supportive structures (family, education, social networks, and policy) and individual agency (rationalization, motivation, and reflective monitoring) in fostering entrepreneurial spirit. This study emphasizes the need for a comprehensive approach that integrates both structural support and individual capacity building to cultivate a robust entrepreneurial ecosystem among the youth.

Generation Z Entrepreneurial Motivation in Adventure Tourism Enterprises in Kintamani Bali

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Research on Generation Z entrepreneurial motivation in adventure tourism businesses in Batur, Kintamani Bali, aims to describe the forms of entrepreneurial motivation for Generation Z in adventure tourism businesses in Kintamani, Bali. The priority of this research is that it is aimed at entrepreneurs or those who are planning to become entrepreneurs to find typology and motivation in developing a wider adventure tourism business in the Batur Kintamani area. Entrepreneurs must always have high motivation and a more positive self-concept in living their lives, even though the motivation and self-concept of each individual (entrepreneur) has different forms.

The Future of Women Entrepreneurship: Trends and Predictions

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Women entrepreneurship has emerged as a vital component of global economic growth, contributing to innovation, job creation, and socio-economic development. The empowerment of women entrepreneurs will undoubtedly be a catalyst for positive change and sustainable development worldwide. This article examines the current trends and future predictions in women entrepreneurship, highlighting technological advancements, access to funding, education and skill development, social and cultural shifts, policy support, and sustainable entrepreneurship. Through a comprehensive review of literature, this article provides an in-depth analysis and understanding of the evolving landscape and the factors that will shape the future of women entrepreneurship.

Proposed Value Proposition and Business Model for VMCS Advisory Indonesia

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The development of the business world and leadership in various industries depends on critical factors, including the role of corporate communications and public relations. Since the beginning of civilization, communication has facilitated the development of relationships between people and institutions, increasing reputation and spreading knowledge. With the advancement of the digital world, strategic communication has become increasingly important for managing reputation, both personally and institutionally. In a democratic climate and era of openness, strategic communication becomes more critical and must align with the mission, vision, and business goals. Various challenges arise, especially in formulating communication strategies, handling management issues and crises, coordinating between functions, and implementing communication campaigns; hence, external communication experts are needed to help nurture a company’s relationship with its stakeholders. This opportunity becomes the basis for establishing a communications and social impact consultant, PT Viem Advisory Indonesia (VMCS, abbreviation of Vera Makki Communications and Social Impact), in 2020.

This study aims to formulate a value proposition, followed by proposing a business model that supports the value proposition and uses a qualitative descriptive analysis that takes data from interviews with representatives of communications industry experts, academicians, business leaders, and media. In addition, secondary data collection was also carried out, supported by a review of academic literature, basic theory, and conceptual frameworks, which systematically guided the start of a business in the communication and social impact consulting field.

With this foundation, this study describes the business analysis, solutions, and recommendations to build VMCS with the right value proposition and business model. This study is designed so that VMCS can become a leader in the communications industry, with the uniqueness of not only focusing on profits in the business world but also prioritizing social impact and sustainability.