INDUSTRIAL ESTATE IN INDONESIA: EXPANSION BUSINESS MODEL FOR AN INDUSTRIAL ESTATE MANAGEMENT

Tatang Suheri1, Mohammad Benny Alexandri2, Sami’un J Raharja1, Margo Purnomo3
1Doctoral Program of Administrative Sciences, Padjadjaran University – Indonesia
2Study Program of Business Administration sciences, Padjadjaran University
3Study Program ofLogistics Business, Padjadjaran University
*Email: tatangsuheri@gmail.com

Abstract

:Based on an agglomeration cycle theory, economic activities in one’s zone will decrease their performance because of in any cases such as discontinuation of the supply chain. It needs a strategy on how to maintain the durability of the performance. This paper focuses on industrial estate management companies in maintaining their existence to serve business actors in the estate. The paper in the literature review will explore the business model applied by the industrial estate manager starting from 1) value networks mapping; 2) Henry Chesbrough model; and 3) canvas business. All the models may be applied to technological developments, market competition, and the needs of prospective tenants.

Keywords:

:Business expansion, industrial estate, special economic zone, business model


Full Text:

PDF


References


• Agarwal, R., & Gort, M. (2002) Firm and product life cycles and firm survival. American Economic Review, 92: 184–190. • Agarwal, R., & Gort, M. (1996). The evolution of markets and entry, exit and survival of firms. The review of Economics and Statistics, 489-498. • Albats, E., Podmetina, D., & Vanhaverbeke, W. (2021). Open innovation in SMEs: A process view towards business model innovation. Journal of Small Business Management, 1-42. • Alfawaire, F., & Atan, T. (2021). The effect of strategic human resource and knowledge management on sustainable competitive advantages at Jordanian universities: The mediating role of organizational innovation. Sustainability, 13(15), 8445. • Allee, V. (2008). Value network analysis and value conversion of tangible and intangible assets. Journal of intellectual capital. 9(1), 5-24 • Bathelt, H., Malmberg, A., & Maskell, P. (2004). Clusters and knowledge: local buzz, global pipelines and the process of knowledge creation. Progress in human geography, 28(1), 31-56. • Braunerhjelm, P., Andersson, M., & Eklund, J. (2022). Pioneering Entrepreneurship Research: How, by Whom, and When. Foundations and Trends® in Entrepreneurship, 18(2), 75-158. • Bez, S. M., & Chesbrough, H. (2021). Barriers in Searching for Alternative Business Models (No. hal-03113790). • Boschma, R.A., & Frenken, K. (2006) Why is economic geography not an evolutionary science? Journal of Economic Geography, 6: 273–302. • Bredo, W. (1960). Industrial estates: Tool for industrialization. International Industrial Development Centre, Stanford Research Institute. • Campbell, J. T., Sirmon, D. G., & Schijven, M. (2016). Fuzzy logic and the market: A configurational approach to investor perceptions of acquisition announcements. Academy of Management Journal, 59(1), 163-187. • Chapeskie, R., Kubo, S., & Mastuyama, N. (2021). English Translation Series: Japanese Historians of Economic Thought< 12> Tadashi Hayasaka, Alfred Marshall, England's Industrial Leadership and Pure Theory. The History of Economic Thought, 63(1), 23-58. • Christensen, C. M. (2001). Competitive advantage. mit sloan management review, 42(2), 105-109. • Ciccullo, F., Fabbri, M., Abdelkafi, N., & Pero, M. (2022). Exploring the potential of business models for sustainability and big data for food waste reduction. Journal of Cleaner Production, 340, 130673. • Dobrowolski, Z., & Sułkowski, Ł. (2021). Business Model Canvas and Energy Enterprises. Energies, 14(21), 7198. • Dow, S. (2021). Alfred Marshall, Evolutionary Economics and Climate Change: Fourth Annual Tiziano Raffaelli Lecture, STOREP Conference, Rome, October 2020. Review of Political Economy, 1-18. • Ellison, G., & Glaeser, E. L. (1997). Geographic concentration in US manufacturing industries: a dartboard approach. Journal of political economy, 105(5), 889-927. • Erlangga, H., (2021). Did Brand Perceived Quality, Image Product And Place Convenience Influence Customer Loyalty Through Unique Value Proposition?. Journal of Contemporary Issues in Business and Government, 27(1), 2854-2867. • Fujita, M. & Thisse, J. F. (2002). The Economics of Agglomeration. Cambridge: Cambridge University Press. • Gertler, M.S. (1995) ‘‘Being there’’: proximity, organization, and culture in the development and adoption of advanced manufacturing technologies. Economic Geography, 71: 1–26. • Graham, D. J., & Gibbons, S. (2019). Quantifying Wider Economic Impacts of agglomeration for transport appraisal: Existing evidence and future directions. Economics of Transportation, 19, 100121. • Klepper, S., & Miller, J.H. (1995) Entry, exit, and shakeouts in the United States in new manufactured products. International Journal of Industrial Organization, 13, 567–591. • Klepper, S. (1996) Entry, exit, growth, and innovation over the product life cycle. American Economic Review, 86, 562–583. • Klepper, S. (1997) Industry life cycles. Industrial and Corporate Change, 6, 145–182. • Lamberg, J. A., Ojala, J., & Peltoniemi, M. (2018). Thinking about industry decline: A qualitative meta-analysis and future research directions. Business History, 60(2), 127-156. • Lao, X., Gu, H., Yu, H., & Xiao, F. (2021). Exploring the spatially-varying effects of human capital on urban innovation in China. Applied Spatial Analysis and Policy, 14(4), 827-848. • Lee, J., & Jung, S. (2020). Industrial land use planning and the growth of knowledge industry: Location pattern of knowledge-intensive services and their determinants in the Seoul metropolitan area. Land use policy, 95, 104632. • Liew, E. D. D. (2021). Increasing the Brand Awareness of PT. Hadi Citra Cemerlang by Emphasizing Its Unique Selling Point in a Marketing Booklet. K@ ta Kita, 9(3), 398-405. • Mahmud, M., Asdar, M., & Amar, Y. (2021). Business Transformation Analysis at PT. Industrial Estate of Makassar. Hasanuddin Journal of Business Strategy, 3(4), 38-50. • Mukhlis, M., Bernadette, R., & Dirta Pratama, A. (2021). Potential Agglomeration of Small Food Industry in Palembang, South Sumatra Indonesia. International Journal of Economics and Financial Issues, 11(3), 28-34. • Osterwalder, A., & Pigneur, Y. (2010). Business model generation: a handbook for visionaries, game changers, and challengers (Vol. 1). John Wiley & Sons. • O’Sullivan, M. (2021). Industrial life cycle: relevance of national markets in the development of new industries for energy technologies–the case of wind energy. Innovation, Catch-up and Sustainable Development, Springer, Cham. 363-409. • Phelps, N. A., & Ozawa, T. (2003). Contrasts in agglomeration: proto-industrial, industrial and post-industrial forms compared. Progress in human geography, 27(5), 583-604. • Potter, A., & Watts, H. D. (2011). Evolutionary agglomeration theory: increasing returns, diminishing returns, and the industry life cycle. Journal of Economic Geography, 11(3), 417-455. • Porter, M. (1990). The competitive advantage of nations. New York: Free Press • Puspayuda, A. T., & Jaya, R. S. J. (2021). The Use of Business Model Canvas to Formulate Business Model on Game Online Store “Asuna Store”. Jurnal Ilmu Manajemen, 18(1), 31-40. • Radziwon, A., Bogers, M. L., Chesbrough, H., & Minssen, T. (2022). Ecosystem effectuation: creating new value through open innovation during a pandemic. R&D Management, 52(2), 376-390. • Sabri, M., Nachrowi, N. D., Soetjipto, W., & Panennungi, M. A. (2018). Industrial estate and export decision of manufacturing firms in Indonesia. Malaysian Journal of Economic Studies, 55(2), 189-207. • Saxenian, A. (2018). Inside-out: regional networks and industrial adaptation in Silicon Valley and Route 128. In The sociology of economic life (pp. 357-374). Routledge. • Schumpeter, J.A. (1942) Capitalism, Socialism, and Democracy. New York: Harper. • Skala, M., & Rydvalova, P. (2021). Evolving insight of localization theories into cluster existence. Innovation and Performance Drivers of Business Clusters. Springer, Cham, 7-24. • Turoń, K. (2022). Open innovation business model as an opportunity to enhance the development of sustainable shared mobility industry. Journal of Open Innovation: Technology, Market, and Complexity, 8(1), 37. • Yi, L., Wang, Y., Upadhaya, B., Zhao, S., & Yin, Y. (2021). Knowledge spillover, knowledge management capabilities, and innovation among returnee entrepreneurial firms in emerging markets: Does entrepreneurial ecosystem matter?. Journal of Business Research, 130, 283-294. • Zott, C., & Amit, R. (2009). The business model as the engine of network-based strategies. The network challenge, 259-275.

Refbacks

  • There are currently no refbacks.