Yogyakarta, Friday, February 14, 2020. The Master of Science and Doctoral Program (MD) in a collaboration with the Entrepreneurship Study Center at the Management Department of the Faculty of Economics and Business (FEB), Universitas Gadjah Mada (UGM), held a seminar entitled “Research on Entrepreneurship and Family Business”. The event was attended by students of the MD FEB UGM Program, Lecturers from various universities, and also family business entrepreneurs. Furthermore, also presented the Secretary of the Management Department of FEB UGM, Dr. Reni Rosai, MBA., And Chair of the Center for Entrepreneurship Studies, Boyke R. Purnomo, M.M., CFP., Ph.D. In his remarks, Boyke R. Purnomo, M.M., CFP., Ph.D. conveyed the aim of the Entrepreneurship Study Center to become a center of excellence in research in the field of entrepreneurship.
The sharing session was filled with the presentation of three topics on the directions and the latest research in the field of entrepreneurship and family business by four speakers. In the first session, Nurul Indarti, Sivilonokom, Cand.Merc., Ph.D., Head of Doctoral in Management Science Program in FEB UGM collaborated with Master of Management Science students, Hardo Firmana GG Manik, SE, discussed the topic “Ethnic entrepreneurship: literature and empirical studies”. Raising the issue of ethnic solidarity between the Javanese and Minang tribes in influencing the performance of the family business, Hardo-in his thesis found that the level of size and age of the family business had a positive effect on the ties of the ethnic community. This research contributes to the Contextual element and Ethnic Entrepreneurship which is still very rarely done in the context of Indonesian ethnicity.
Furthermore, the sub-topic “Bootstrap financing in creative business: evidence from emerging markets” in the second session was presented by Boyke R. Purnomo, M.M., CFP., Ph.D. The strategy was known as Bootstrap financing for business practitioners when facing difficulties in funding, including the most often done was Relationship-oriented bootstrapper through collaboration in the use of resources (use of office facilities, communal production equipment).
Further, in the last session, Rocky Adiguna, S.E., M.Sc., Ph.D., explained qualitative research to formulate Tradition theory with the theme “Tradition in the family business: a multi-level theorization”. This lecturer from the Management Department of FEB UGM seeks to formulate the position of traditional duality in influencing the sustainability of the family business. The family business is a tradition that is not the opposite of change, but tradition, which can be the terminology of innovation, requires change so that business can be sustainable. (MIA-RP)