Salient stakeholder involvement model using temporary and continuous financial approaches in globalization
Economic Annals-XXI: Volume 200, Issue (11-12), Pages: 4-9
Citation information:
Maryam, S. (2022). Salient stakeholder involvement model using temporary and continuous financial approaches in globalization. Economic Annals-XXI, 200(11-12), 4-9. doi: https://doi.org/10.21003/ea.V200-01
Siti Maryam
MA (Economics),
Program Study of Management,
Islam Batik University
Surakarta, 57147, Indonesia (Corresponding author)
stmuniba17@gmail.com
ORCID ID: https://orcid.org/0000-0003-4960-6006
Salient stakeholder involvement model using temporary and continuous financial approaches in globalization
Abstract. The current globalization in fashion trends that enter Indonesia threatens the sustainability of Batik products in Indonesia. Efforts to maintain the financial sustainability of batik so far involve the role of salient stakeholders. However, stakeholder involvement in preserving Surakarta batik has not been fully patterned. This research reviews stakeholders’ efforts to develop Batik in Surakarta and how stakeholders empower the community to develop and financially sustain batik. The research method used qualitative descriptive with phenomenological design. The informants are batik stakeholder in Surakarta which includes Kraton Kasunanan, Pura Mangkunegaran, Surakarta Tourism Office, SMA Batik Surakarta, dan Kampoeng Batik Laweyan Development Forum (FPKBL). Data was collected with in-depth interviews, observations, and documentation. Data analysis activities include data reduction, data display, and inference.
The results showed that Batik investors involve salient stakeholders to maintain the Batik industry. Each stakeholder uses a varied approach to influence the community. The stakeholder approach in supporting the preservation of Surakarta batik is classified as a temporary and sustainable approach. This study shows that salient stakeholders have a significant role in maintaining and improving the sustainability of Batik Surakarta.
Keywords: Batik Investors; Globalization; Salient Stakeholder; Financial Sustainability; Batik Fashion
JEL Classification: R1; R11; R51
Acknowledgements and Funding: The author received no direct funding for this research.
Contribution: The author has been responsible for the whole stages of preparing this article.
Data Availability Statement: The dataset used is publicly available from the sources referred to in the paper.
DOI: https://doi.org/10.21003/ea.V200-01
Reference
- Crucke, S., & Knockaert, M. (2021). Stakeholder knowledge and behavioral integration in boards of social enterprises: a team production approach. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations, 32, 90-103.
https://doi.org/10.1007/s11266-020-00284-9 - de Freitas Langrafe, T., Barakat, S. R., Stocker, F., & Boaventura, J. M. G. (2020). A stakeholder theory approach to creating value in higher education institutions. The Bottom Line, 33(4), 297-313.
https://doi.org/10.1108/BL-03-2020-0021 - Elliott, G., Day, M., & Lichtenstein, S. (2020). Strategic planning activity, middle manager divergent thinking, external stakeholder salience, and organizational performance: a study of English and Welsh police forces. Public Management Review, 22(11), 1581-1602.
https://doi.org/10.1080/14719037.2019.1635194 - Freeman, R. E., Dmytriyev, S. D., & Phillips, R. A. (2021). Stakeholder theory and the resource-based view of the firm. Journal of Management, 47(7), 1757-1770.
https://doi.org/10.1177/0149206321993576 - Huang, Zh., & Benyoucef, M. (2013). From e-commerce to social commerce: A close look at design features. Electronic Commerce Research and Applications, 12(4), 246-259.
https://doi.org/10.1016/j.elerap.2012.12.003 - Lindsey, K., Mauck, N., & Olsen, B. (2021). The coming wave of small business succession and the role of stakeholder synergy theory. Global Finance Journal, 48, 100457.
https://doi.org/10.1016/j.gfj.2018.11.003 - Ma, L., Wang, L., Wu, K.-J., Tseng, M.-L., & Chiu, A. S. F. (2018). Exploring the decisive risks of green development projects by adopting social network analysis under stakeholder theory. Sustainability, 10(6), 2104.
https://doi.org/10.3390/su10062104 - Mohd Nawi, M. N., Mohd Nasir, N., Azman, M. N. A., Jumintono, J., & Khairudin, M. (2019). Investigating factors of delay in IBS construction project: manufacturer perspectives. Journal of Engineering Science and Technology, (SI), 59-66.
https://www.researchgate.net/publication/334307235_
investigating_factors_of_delay_in_ibs_construction_project_manufacturer_perspectives - Nieth, L., & Benneworth, P. (2020). Challenges of knowledge combination in strategic regional innovation processes – the Creative Science Park in Aveiro. European planning studies, 28(10), 1922-1940.
https://doi.org/10.1080/09654313.2019.1699908 - Painter, M., Pérezts, M., & Deslandes, G. (2021). Understanding the human in stakeholder theory: a phenomenological approach to affect-based learning. Management Learning, 52(2), 203-223.
https://doi.org/10.1177/1350507620978860 - Pretković, M., & Škrinjarić, T. (2017). Reviving Javanese Picture Scroll Theatre. Etnološka tribina, 47(40), 198-221.
https://doi.org/10.15378/1848-9540.2017.40.08 - Sembekov, A., Tazhbayev, N., Ulakov, N., Tatiyeva, G., & Budeshov, Ye. (2021). Digital modernization of Kazakhstan’s economy in the context of global trends. Economic Annals-XXI, 187(1-2), 51-62.
https://doi.org/10.21003/ea.v187-05 - Singh, S. K., Chen, J., Del Giudice, M., & El-Kassar, A.-N. (2019). Environmental ethics, environmental performance, and competitive advantage: Role of environmental training. Technological Forecasting and Social Change, 146, 203-211.
https://doi.org/10.1016/j.techfore.2019.05.032 - Sharov, K. K. (2019). Visual semiotics of feminine fashion: a concise analysis. ΠΡΑΞΗMΑ. Journal of Visual Semiotics, 19(1), 173-195.
https://doi.org/10.23951/2312-7899-2019-1-173-195 - Suh, S. (2020). Non-boundaries of style represented in fashion Instagram: a social media platform as a digital space-time. Fashion and Textiles, 7, 33.
https://fashionandtextiles.springeropen.com/articles/10.1186/s40691-020-00222-9 - Syed Shaharuddin, S. I., Shamsuddin, M. S., Drahman, M. H., Hasan, Z., Mohd Asri, N. A., Nordin, A. A., & Shaffiar, N. M. (2021). A Review on the Malaysian and Indonesian Batik Production, Challenges, and Innovations in the 21st Century. SAGE Open, 11(3), 21582440211040128.
https://doi.org/10.1177/21582440211040128 - Roscoe, S., Subramanian, N., Prifti, R., & Wu, L. (2020). Stakeholder engagement in a sustainable sales and operations planning process. Business Strategy and the Environment, 29(8), 3526-3541.
https://doi.org/10.1002/bse.2594 - van der Linde, L. B. A., Witte, P. A., & Spit, T. J. M. (2021). Quiet acceptance vs. the «polder model»: stakeholder involvement in strategic urban mobility plans. European Planning Studies, 29(3), 425-445.
https://doi.org/10.1080/09654313.2020.1735310
Received 27.06.2022
Received in revised form 22.07.2022
Accepted 20.10.2022
Available online 28.12.2022