Analysis of Business Feasibility Studies in MSMEs Tahu and Tempe Business Success Jaya Mahato Village Tambusai North

To evaluate the feasibility of a business venture, both financial and non-financial factors are taken into consideration. The assessment of feasibility involves analyzing non-financial elements, with a specific focus on production and marketing aspects. The financial aspects of Tofu and Tempeh Sukses Jaya's commercial production were analyzed using metrics such as payback period (PP), net present value (NPV), internal rate of return (IRR), and profitability index (PI) to determine its overall feasibility. Based on the analysis, it was concluded that the business is feasible due to its advantageous location and convenient accessibility. The Tofu and Tempeh Sukses Jaya business appears to be viable due to its strategic and easily accessible location, modern technology, and straightforward production process. Feasibility is ensured by high product quality, imported raw materials, competitive pricing, extensive distribution channels, and effective promotional efforts by the owner to ensure consumer awareness. The financial analysis suggests that the Tempeh Tofu business could be viable over a 10-year project duration with a 10 percent discount rate. According to the evaluation criteria, the business has a 6-month payback period (PP), a net present value (NPV) of IDR 161,565,200, a profitability index (PI) of 1.6%, and an internal rate of return (IRR) of 30%, all of which indicates the business's financial feasibility.

Challenges During Crisis Management in Higher Educational Institutions: Perspectives on Leadership and Organizational Learning

With the increasing number of crisis events occurring in higher educational institutions across the globe, crisis management has attracted wider attention of the research community. Although developed countries have created some response mechanism, but Higher Education Institutes (HEI’s) in Pakistan are not generally equipped or prepared to respond to such crisis events. Therefore, it is imperative to conduct a research study on crisis management in Pakistan to explore its importance and to safeguard the interests of all stakeholders. This research study employed a multiple case study approach based on Zdziarski’s ‘Crisis Matrix’ as the basis for selecting and exploring crises in several higher educational institutions across Pakistan to gain real life experience and collected the data related to different types of crises. Chaos theory was used as the underpinning theory for this study. Purposive sampling was utilized to select at least two institutions for each type of crises and information rich respondents were identified to collect relevant and authentic account of event. The purpose of this research study was to report detailed descriptions of challenges faced by the institutions and strategies adopted by leaders who had experienced different forms of campus crisis. It further elaborated on the leadership roles and responsibilities employed during or after the incident along with the steps taken to mitigate the possible risks. Additionally, a comprehensive list of leadership characteristics required for organizational learning for post crisis management was explored. Data analysis across the three types of crises revealed three themes in crisis management; (i) cause and trigger (ii) incident response and control (iii) mitigation and recovery. Similarly, three meta-themes associated with crisis leadership were derived from a synthesis of leadership roles and responsibilities used during crisis. These included; (i) detect and interpret signal (ii) identify practical and unique solutions (iii) leading and sustaining.Finally, three meta-themes associated with organizational learning were gleaned. There were (i) debriefing (ii) training, (iii) reconfiguring. The findings of this research study supported the importance of development and dissemination of a comprehensive crisis management plan to all stakeholders. This was achieved when leaders dealt with the challenges and learnt from these crises. This learning helped evaluate the plan and actual crises responses before, during, and after a crisis event. The findings from this study provided not only an overview of leadership challenges and strategies but practical strategies for university administrators. This study has both practical and theoretical significance for the administration in educational institutes. By understanding the unique properties and nature of the crises, this study elucidated how threatened the higher education institutes are and helped prepare leaders to identify areas in which administration may take a lead. Theoretically, by exploring the role of organizational learning in crisis management this research will provide new research frontiers where various unexplored or underexplored issues may be discovered that are critical to the institutes’ uninterrupted operations.