This study aims to investigate the impact of environmental turbulence, strategic planning and strategic flexibility toward market orientation. One hundred and eighty-six managers of Small and Medium Enterprises in Malang City, Indonesia were surveyed by using purposive sampling technique. Data was analysed by using Partial Least Squares. Internal environment has positive significant effects on both strategic planning and strategic flexibility. This study also found a significant effect of external environment on strategic flexibility and strategic planning. The study determined that strategic planning played an important role in mediating the effect of business performance on market orientation. The model is considered a comprehensive model because it was not only analysing important constructs namely external and internal environment, strategic planning and strategic flexibility, but also tested the interrelationships among these constructs in predicting market orientation. The study also provides empirical evident about the mediation role of strategic planning on the effect of external environment on market orientation and also on the mediating role of strategic planning on the relationship between internal environment on market orientation.
Purpose -The purpose of this paper is to propose the development of return forecasting model for mudharabah time deposit product in Islamic bank based on artificial neural networks (ANNs). Design/methodology/approach -The analysis consists of two main elements. First element is the identification and selection of significant macroeconomic variables that determine return volatility of mudharabah time deposit in Indonesian Islamic bank industry. Second element is the implementation of appropriate ANNs model according to neural networks properties, and model evaluation based on simulated return predictions of mudharabah time deposit product in Bank Syariah Mandiri (RR-BSM). Findings -It is shown that monthly changes of return can be predicted quite well. The model provides a satisfactory result in forecasting RR-BSM for 12 months ahead with 95.22 per cent accuracy. These results suggest that the ANNs can be applied as an adequate tool to help depositors in predicting future return of mudharabah time deposit product. Originality/value -There is believed to be no other empirical study of Islamic banks that exclusively examines the utilization of ANNs to forecast time deposit return as well as return from other investment instruments.
Purpose This paper aims to draw upon existing debate over “financial sector rent” (bank rent) to analyze the current pattern of financing of Bangladeshi and Indonesian Islamic banks during the period of 2011 and 2015. Design/methodology/approach The empirical evidence through a comparative approach of analyzing the performance of Islamic banks with that of conventional banks in respective countries – two of the largest countries where majority of the population are Muslims – is drawn to demonstrate the objective. Findings While Islamic banks in Bangladesh are primarily concentrating on the murabaha (mark-up contract) mode of financing, some transactions under musharaka (partnership/equity-based contract) are observed in the Indonesian Islamic banking sector. This anomaly in Indonesia can be explained by the nature of their musharaka financing which is not of the purely “participatory” financing type. As a result, we can observe the quasi-murabaha syndrome in Indonesian Islamic banking sector. The concentration of asset-based financing including consumers’ financing (hire purchase) in the credit portfolio gives Islamic banks relatively higher Islamic bank rent opportunity for protecting their “franchise value” as Sharīʿah-compliant (Islamic law-compliant) lenders. However, Indonesian Islamic banks share a still infant Islamic banking market, and enjoy less rent opportunity under a severe competition with conventional banks. Research limitations/implications The bank rent approach suggests that the syndrome observed both in Bangladesh and Indonesia can be ironically justifiable. Moreover, the mode of profit-and-loss sharing provides, in practice, an idea of the difficulty in managing the participatory financing embedded with high credit risk. Under this scenario, it is necessary for Islamic scholars and the regulatory authority to design an appropriate financial architecture, enabling Islamic banks to avail the benefit from a wider variety of Sharīʿah-based Islamic financing. Originality/value This paper expands the newly emerged concept of “Islamic bank rent” to make sense of the murabaha syndrome in Bangladesh and the quasi-murabaha syndrome in Indonesia. This approach also contributes to clarifying the unique risk and cost to be compensated with the spreads that Islamic banks are expected to earn.
Kemajuan teknologi informasi saat ini tidak dipungkiri lagi bahwa informasi menjadi salah satu sumber daya utama pada setiap oranisasi untuk meningkatkan daya saing. Penyebaran teknologi informasi sudah merambah keberbagai bidan terutama dalam bidan pariwisata. Salah satu pariwisata yang saat ini sedang di gemari oleh masyarakat adalah kegiatan ekowisata. Taman nasional way kambas merupakan daerah konservasi sumber daya alam baik itu flora dan fauna. Taman nasional way kambas di kelilingi 39 desa penyangga, salah satunya desa braja harjosari. Desa mencanangkan diri sebagai desa wisata, namun dalam pelaksanaannya belum memiliki sistem pemasaran menggunakan teknologi Informasi sehingga potensi-potensi yang ada sulit untuk berkembang karena kurangnya penujung dan tidak memiliki daya saing yang cukup kuat untuk bersaing di era teknologi informasi saat ini. Oleh karena itu di perlukan analisis pengembanan sistem yan mampu meningkatkan potensi-potensi ekowisata dan strategi pengembangan ekowisata guna meninkatkan kunjungan dan daya saing dengan wisata sejenis. SWOT analisis menentukan pengembangan sistem promosi dengan merumuskan strategi alternatif yang dapat digunakan serta merancang suatu sistem pemasaran berdasarkan alternatif strategi yang ada. Hasil dari analisis tersebut penggunaan teknologi terletak pada kuadran 1 yang berarti desa braja harjosari harus memanfaatkan kekuatan untuk melihat peluang yang ada. Strategi pemasaran yang bisa dilakukan yaitu melalui media web yan dapat di jankau semua orang.
Maqoshid index is one of the alternatives in measuring the performance of Islamicbanking, Islamic banking which assessed aspects attainment of goals sharia. In thisresearch the author tried to assess the performance of Islamic banking in Indonesiawith maqoshid index approach. This research uses descriptive quantitativemethodology to the entire study population of Islamic banking in Indonesia, while thesample is that Islamic banking has published an annual report 3 year. This researchusing purposive sampling method. From the results of the research with maqoshidindex approach, in 2009 and 2010 BMI become Islamic bank which the bestperformance with best ratio value are 13.67% and 13,64 whereas in 2011 BSMbecame the best performance Islamic Bank with the best value ratio of 13.85%.
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