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Examining the role of human capital and strategic management in Islamic perspective: A strategic approach for encouraging business sustainability

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  • Muafi Muafi

    (Department of Management, Universitas Islam Indonesia, JL. SWK Ringroad Utara Condong Catur Yogyakarta, Indonesia, 55283)

Abstract

This study examines and analyzes the effect of; (i) Human Capital in Islamic Perspective (HCIP) on Business Sustainability (BS); (ii) Strategic Management in Islamic Perspective (SMIP) on Business Sustainability, (iii) Mediation of Strategic Management in Islamic Perspective in relation to Human Capital in Islamic Perspective on Business Sustainability. This study uses Batik MSME respondents in Pekalongan City. Pekalongan is a Batik city that has the batik talents, qualified craftsmen, known worldwide and have been passed down from one generation to the next. The target sample is 150 MSMEs. It is conducted purposively with a return rate of 116 questionnaires (response rate 77%). The data is collected through questionnaires and interviews with several owners or managers of MSMEs. The statistical technique uses Partial Least Square (PLS 3.3). This study finds that; (i) Human Capital in Islamic Perspective has no significant effect on Business Sustainability; (ii) Strategic Management in Islamic Perspective has a significant effect on Business Sustainability, (iii) Strategic Management in Islamic Perspective mediates the effect of Human Capital in Islamic Perspective on Business Sustainability

Suggested Citation

  • Muafi Muafi, 2021. "Examining the role of human capital and strategic management in Islamic perspective: A strategic approach for encouraging business sustainability," International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 3(2), pages 41-50, April.
    • Handle: RePEc:adi:ijbess:v:3:y:2021:i:2:p:41-50
    DOI: 10.36096/ijbes.v3i2.255
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    References listed on IDEAS

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    1. Ivo Šlaus & Garry Jacobs, 2011. "Human Capital and Sustainability," Sustainability, MDPI, vol. 3(1), pages 1-58, January.
    2. OÄŸuzhan Aytar & Ali AydoÄŸdu Selamet, 2021. "An empirical research on strategic management: a research on SME managers," JOURNAL OF LIFE ECONOMICS, Holistence Publications, vol. 8(1), pages .93-100, January.
    3. Jeffrey G. Covin & Dennis P. Slevin, 1989. "Strategic management of small firms in hostile and benign environments," Strategic Management Journal, Wiley Blackwell, vol. 10(1), pages 75-87, January.
    4. Singh, Sanjay Kumar & Giudice, Manlio Del & Chierici, Roberto & Graziano, Domenico, 2020. "Green innovation and environmental performance: The role of green transformational leadership and green human resource management," Technological Forecasting and Social Change, Elsevier, vol. 150(C).
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    Cited by:

    1. Muafi Muafi, 2021. "Attitudes toward information and communications technology, mimetic isomorphism and strategic management in Islamic perspective: The moderating role of Qur’anic work ethics," Bussecon Review of Social Sciences (2687-2285), Bussecon International Academy, vol. 3(1), pages 20-27, January.

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