Authors retain the copyright without restrictions for their published content in this journal. HSSR is a SHERPA ROMEO Green Journal.
Publishing License
This is an open-access article distributed under the terms of
BUSINESS NETWORK STRATEGY IN ISLAMIC MICRO FINANCE INSTITUTION OF ISLAMIC BOARDING SCHOOL
Corresponding Author(s) : Irham Zaki
Humanities & Social Sciences Reviews,
Vol. 7 No. 4 (2019): July
Abstract
Purpose of the study: This study aims to explore the Sidogiri Islamic Boarding School (IBS) that have Islamic Micro Finance Institutions (IMFI) business portraits and strategies to develop the business model.
Methodology: The paper using qualitative method using study case. It observation, interview, and review previous study.
Main Findings: Pondok Pasentran (PP) Sidogiri has developed business network model that keeps part of social function. There are three business model that runs by PP Sidogiri; value chain, networking mode, operating model and value preposition . All the business model based on Islamic principles. There are three practical strategies includes the need for integration and awareness related to business models that involve all components of the business network owned by IBS Sidogiri.
Implications of the study: This conceptual study highlights practical development strategies for Sidogiri IBS IMFI based on the potential, through business network, management and performance measurement model of PP Sidogiri.
Novelty/Originality of this study: The paper suggests development strategies based on the network which involves all components of a large business network owned by PP Sidogiri, including santri, branch madrasa, UGT, alumni and sympathizers who form a unified whole as a business network.
Keywords
Download Citation
Endnote/Zotero/Mendeley (RIS)BibTeX
- Abdelkafi, N., & Täuscher, K. (2016). Business models for sustainability from a system dynamics perspective. Organization & Environment, 29(1), 74–96. https://doi.org/10.1177/1086026615592930 DOI: https://doi.org/10.1177/1086026615592930
- Ajmain, M. T., Mahpuz, A. N., Rahman, S. N. H. A., & Mohamad, A. M. (2019). Industrial Revolution 4.0: Innovation and Challenges of Islamic Education Teachers in Teaching. BITARA International Journal of Civilizational Studies and Human Sciences, 2(1), 38–47.
- Alam Choudhury, M. (1989). The blending of religious and social orders in Islam. International Journal of Social Economics, 16(2), 13–45. https://doi.org/10.1108/03068298910133043 DOI: https://doi.org/10.1108/03068298910133043
- Alam Choudhury, M. (1990). Islamic economics as a social science. International Journal of Social Economics, 17(6), 35–59. https://doi.org/10.1108/03068299010006367 DOI: https://doi.org/10.1108/03068299010006367
- Darmadi, S. (2013). Corporate governance disclosure in the annual report: An exploratory study on Indonesian Islamic banks. Humanomics, 29(1), 4–23. https://doi.org/10.1108/08288661311299295 DOI: https://doi.org/10.1108/08288661311299295
- Dhofier, Z. (1983). Tradisi Pesantren Studi tentang Pandangan Hidup Kyai - Pesantren Tradition Study of the Kyai Life View. Jakarta: LP3S.
- Direktorat Pemberdayaan Koperasi dan UKM Kementerian Perencanaan Pembangunan Nasional. (2014). Warta KUMKM Koperasi Gerakan Bersama Menuju Kesejahteraan. Jakarta.
- Garcia, D., & Gluesing, J. C. (2013). Qualitative research methods in international organizational change research. Journal of Organizational Change Management, 26(2), 423–444. https://doi.org/10.1108/09534811311328416 DOI: https://doi.org/10.1108/09534811311328416
- Habib Rana, M., & Shaukat Malik, M. (2016). Human resource management from an Islamic perspective: a contemporary literature review. International Journal of Islamic and Middle Eastern Finance and Management, 9(1), 109–124. https://doi.org/10.1108/IMEFM-01-2015-0002 DOI: https://doi.org/10.1108/IMEFM-01-2015-0002
- Hudaefi, F. A., & Heryani, N. (2019). The practice of local economic development and MaqÄá¹£id al-SharÄ« ‘ah: Evidence from a Pesantren in West Java, Indonesia. International Journal of Islamic and Middle Eastern Finance and Management. https://doi.org/10.1108/IMEFM-08-2018-0279 DOI: https://doi.org/10.1108/IMEFM-08-2018-0279
- Izfanna, D., & Hisyam, N. A. (2012). A comprehensive approach in developing akhlaq: A case study on the implementation of character education at Pondok Pesantren Darunnajah. Multicultural Education & Technology Journal, 6(2), 77–86. https://doi.org/10.1108/17504971211236254 DOI: https://doi.org/10.1108/17504971211236254
- Kasri, R. A., & Ramli, U. H. (2019). Why do Indonesian Muslims donate through mosques? A theory of planned behaviour approach. International Journal of Islamic and Middle Eastern Finance and Management. https://doi.org/10.1108/IMEFM-11-2018-0399 DOI: https://doi.org/10.1108/IMEFM-11-2018-0399
- Lynch, D., Smith, R., Yeigh, T., & Provost, S. (2019). A study into “organisational readiness†and its impacts on school improvement. International Journal of Educational Management, 33(2), 393–408. DOI: https://doi.org/10.1108/IJEM-07-2017-0181
- Magretta, J. (2010). Why Business Models Matter. Harward Business Review on Business Model Innovation. USA, HBR Publishing Corporation. USA.
- Morris, M., Schindehutte, M., & Allen, J. (2005). The entrepreneur’s business model: toward a unified perspective. Journal of Business Research, 58(6), 726–735. https://doi.org/10.1016/j.jbusres.2003.11.001 DOI: https://doi.org/10.1016/j.jbusres.2003.11.001
- Panagiotakopoulos, A. (2014). Exploring stress management training provision for students in the context of post-secondary education: evidence from Greece. On the Horizon, 22(2), 161–169. https://doi.org/10.1108/OTH-11-2013-0046 DOI: https://doi.org/10.1108/OTH-11-2013-0046
- Schaltegger, S., Hansen, E. G., & Lüdeke-Freund, F. (2016). Business models for sustainability: Origins, present research, and future avenues. SAGE Publications Sage CA: Los Angeles, CA. DOI: https://doi.org/10.1177/1086026615599806
- Vanany, I., Soon, J. M., Maryani, A., & Wibawa, B. M. (2019). Determinants of halal-food consumption in Indonesia. Journal of Islamic Marketing. https://doi.org/10.1108/JIMA-09-2018-0177 DOI: https://doi.org/10.1108/JIMA-09-2018-0177
- Vilke, J. B., & Vilkas, M. (2018). Discussing municipal performance alternatives. International Journal of Public Sector Management.
- Zaptcioglu Celikdemir, D., Gunay, G., Katrinli, A., & Penbek Alpbaz, S. (2017). Defining sustainable universities following public opinion formation process. International Journal of Sustainability in Higher Education, 18(3), 294–306. https://doi.org/10.1108/IJSHE-06-2015-0105 DOI: https://doi.org/10.1108/IJSHE-06-2015-0105
References
Abdelkafi, N., & Täuscher, K. (2016). Business models for sustainability from a system dynamics perspective. Organization & Environment, 29(1), 74–96. https://doi.org/10.1177/1086026615592930 DOI: https://doi.org/10.1177/1086026615592930
Ajmain, M. T., Mahpuz, A. N., Rahman, S. N. H. A., & Mohamad, A. M. (2019). Industrial Revolution 4.0: Innovation and Challenges of Islamic Education Teachers in Teaching. BITARA International Journal of Civilizational Studies and Human Sciences, 2(1), 38–47.
Alam Choudhury, M. (1989). The blending of religious and social orders in Islam. International Journal of Social Economics, 16(2), 13–45. https://doi.org/10.1108/03068298910133043 DOI: https://doi.org/10.1108/03068298910133043
Alam Choudhury, M. (1990). Islamic economics as a social science. International Journal of Social Economics, 17(6), 35–59. https://doi.org/10.1108/03068299010006367 DOI: https://doi.org/10.1108/03068299010006367
Darmadi, S. (2013). Corporate governance disclosure in the annual report: An exploratory study on Indonesian Islamic banks. Humanomics, 29(1), 4–23. https://doi.org/10.1108/08288661311299295 DOI: https://doi.org/10.1108/08288661311299295
Dhofier, Z. (1983). Tradisi Pesantren Studi tentang Pandangan Hidup Kyai - Pesantren Tradition Study of the Kyai Life View. Jakarta: LP3S.
Direktorat Pemberdayaan Koperasi dan UKM Kementerian Perencanaan Pembangunan Nasional. (2014). Warta KUMKM Koperasi Gerakan Bersama Menuju Kesejahteraan. Jakarta.
Garcia, D., & Gluesing, J. C. (2013). Qualitative research methods in international organizational change research. Journal of Organizational Change Management, 26(2), 423–444. https://doi.org/10.1108/09534811311328416 DOI: https://doi.org/10.1108/09534811311328416
Habib Rana, M., & Shaukat Malik, M. (2016). Human resource management from an Islamic perspective: a contemporary literature review. International Journal of Islamic and Middle Eastern Finance and Management, 9(1), 109–124. https://doi.org/10.1108/IMEFM-01-2015-0002 DOI: https://doi.org/10.1108/IMEFM-01-2015-0002
Hudaefi, F. A., & Heryani, N. (2019). The practice of local economic development and MaqÄá¹£id al-SharÄ« ‘ah: Evidence from a Pesantren in West Java, Indonesia. International Journal of Islamic and Middle Eastern Finance and Management. https://doi.org/10.1108/IMEFM-08-2018-0279 DOI: https://doi.org/10.1108/IMEFM-08-2018-0279
Izfanna, D., & Hisyam, N. A. (2012). A comprehensive approach in developing akhlaq: A case study on the implementation of character education at Pondok Pesantren Darunnajah. Multicultural Education & Technology Journal, 6(2), 77–86. https://doi.org/10.1108/17504971211236254 DOI: https://doi.org/10.1108/17504971211236254
Kasri, R. A., & Ramli, U. H. (2019). Why do Indonesian Muslims donate through mosques? A theory of planned behaviour approach. International Journal of Islamic and Middle Eastern Finance and Management. https://doi.org/10.1108/IMEFM-11-2018-0399 DOI: https://doi.org/10.1108/IMEFM-11-2018-0399
Lynch, D., Smith, R., Yeigh, T., & Provost, S. (2019). A study into “organisational readiness†and its impacts on school improvement. International Journal of Educational Management, 33(2), 393–408. DOI: https://doi.org/10.1108/IJEM-07-2017-0181
Magretta, J. (2010). Why Business Models Matter. Harward Business Review on Business Model Innovation. USA, HBR Publishing Corporation. USA.
Morris, M., Schindehutte, M., & Allen, J. (2005). The entrepreneur’s business model: toward a unified perspective. Journal of Business Research, 58(6), 726–735. https://doi.org/10.1016/j.jbusres.2003.11.001 DOI: https://doi.org/10.1016/j.jbusres.2003.11.001
Panagiotakopoulos, A. (2014). Exploring stress management training provision for students in the context of post-secondary education: evidence from Greece. On the Horizon, 22(2), 161–169. https://doi.org/10.1108/OTH-11-2013-0046 DOI: https://doi.org/10.1108/OTH-11-2013-0046
Schaltegger, S., Hansen, E. G., & Lüdeke-Freund, F. (2016). Business models for sustainability: Origins, present research, and future avenues. SAGE Publications Sage CA: Los Angeles, CA. DOI: https://doi.org/10.1177/1086026615599806
Vanany, I., Soon, J. M., Maryani, A., & Wibawa, B. M. (2019). Determinants of halal-food consumption in Indonesia. Journal of Islamic Marketing. https://doi.org/10.1108/JIMA-09-2018-0177 DOI: https://doi.org/10.1108/JIMA-09-2018-0177
Vilke, J. B., & Vilkas, M. (2018). Discussing municipal performance alternatives. International Journal of Public Sector Management.
Zaptcioglu Celikdemir, D., Gunay, G., Katrinli, A., & Penbek Alpbaz, S. (2017). Defining sustainable universities following public opinion formation process. International Journal of Sustainability in Higher Education, 18(3), 294–306. https://doi.org/10.1108/IJSHE-06-2015-0105 DOI: https://doi.org/10.1108/IJSHE-06-2015-0105