GAME TEORY AND ECONOMIC SKILLS: EXPLORING LITERACY NEEDS FOR STRATEGY BUSINESS ENTREPRENEURSHIP IN THE DIGITAL ERA

Authors

  • Nanang Handoko STIE Mahardhika Surabaya, Indonesia
  • Pompong Budi Setiadi STIE Mahardhika Surabaya, Indonesia
  • Sri Rahayu STIE Mahardhika Surabaya, Indonesia

Keywords:

Game Theory, Economic Literacy, Financial Literacy, Managerial Literacy, Decision Making, Entrepreneurship development, Indonesia, government policies, education, access to finance, infrastructure, international collaboration, driving factors, challenges.

Abstract

This article examines literacy skills in facing the challenges of entrepreneurial management in the technological era. Digital literacy skills play an important role in the existence of entrepreneurship today. Entrepreneurial management is currently facing new challenges with a situation of change from the traditional to the modern era, namely the all-digital era. Exploring entrepreneurial management knowledge is very vital in today's entrepreneurial world to achieve its goals, opportunities and challenges. entrepreneurial skills Entrepreneurship as a part of economics that involves the good use of management strategies and economic principles. This article examines exploring entrepreneurial management strategies for literacy skills in entrepreneurial management based on a creative and innovative economy adapting to changes. In this research, entrepreneurial management strategies with creative and innovative digitalization skills are very important. The method has been used with a literature review as a type of descriptive research as well as a qualitative assessment. The data was generated from a review of the results of previous research papers. The analysis method is carried out through game the stages of collecting research data, reducing research data, presenting research data, then drawing conclusions from the research results. This research produces an analysis that shows that literacy skills are capital for implementing entrepreneurial management  ,analysis that shows that as capital for implementing entrepreneurial management with entrepreneurial management strategy skills, namely aspects of game teory ,financial literacy, economic literacy, managerial literacy, decision making. and problem solving.

References

Adeoye, M. A., & Jimoh, H. A. (2023). Problem-Solving Skills Among 21st-Century Learners Toward Creativity and Innovation Ideas. Thinking Skills and Creativity Journal, 6(1), 52–58. https://doi.org/10.23887/TSCJ.V6I1.62708

Afifah, S. N. (2023). Dampak Pandemi Corona Virus Terhadap UMKM di Indonesia. EXERO: Journal of Research in Business and Economics, 6(1), 63–82.

Ahmet, E. F. E. (2023). A DISCUSSION ON PROBLEMS AND SOLUTIONS OF INNOVATIVE PERFORMANCE MANAGEMENT IN THE PUBLIC SERVICE AND GOVERNMENT. Uluslararası Akademik Yönetim Bilimleri Dergisi, 9(13), 100–126.

Alshebami, A.S.; Aldhyani, T.H.H. The interplay of social influence, financial literacy, and saving behaviour among Saudi youth and the moderating effect of self-control. Sustainability 2022, 14, 48780.

Assyfa, L. N. (2020). Pengaruh Uang Saku, Gender Dan Kemampuan Akademik Terhadap Perilaku Pengelolaan Keuangan Pribadi Mahasiswa Akuntansi Dengan Literasi Keuangan Selnbagai Variabel Intervening. 01, 109–119.

Amrina, E.; Yusof, S.M. Key performance indicators for sustainable manufacturing evaluation in automotive companies. In Proceedings of the 2011 IEEE International Conference on Industrial Engineering and Engineering Management, Changchun, China, 3–5 September 2011; pp. 1093–1097.

Anand, B. Reverse globalization by internationalization of SME’s: Opportunities and challenges ahead. Procedia-Social Behav. Sci. 2015, 195, 1003–1011.

Ariani, A., & Utomo, M.N. 2017. Study of the development strategy for micro, small and medium enterprises (UMKM) in Tarakan city. Journal of Organization and Management, Vol.13 No.2, pp: 99-118.Bhasin, H., & Sharma, R. (2018). Competency mapping in action: A critical review. International Journal of Education and Management Studies, 8(2), 336–339.

Bahiraie, A., A.K.M. Azhar, and N.A. Ibrahim. “A New Dynamic Geometric Approach for Empirical Analysis of Financial Ratios and Bankruptcy.” Journal of Industrial & Management Optimization 7, no. 4 (2011): 947-65.

Bolek, V., Kokles, M., Romanová, A., & Zelina, M. (2018). INFORMATION LITERACY OF MANAGERS: MODELS AND FACTORS. Journal of Business and Economic Management, 19(5), 722–741. https://doi.org/10.3846/JBEM.2018.6906

Budiwati, N., Hilmiatussadiah, K. G., Nuriansyah, F., & Nurhayati, D. (2020). ECONOMIC LITERACY AND ECONOMIC DECISIONS. Jurnal Pendidikan Ilmu Sosial, 29(1),85–96. https://doi.org/10.17509/JPIS.V29I1.21627

Brickley, J., C. Smith, and J. Zimmerman. “An Introduction To Game Theory And Business Strategy.” Journal of Applied Corporate Finance 13 (2000): 84-98.

Choudhar, S., Bi, N., Singh, P. N., & Talwar, P. (2022). Study on Problem Solving Skills and Its Importance. World Journal of English Language, 12(3), 47–54. https://doi.org/10.5430/WJEL.V12N3P47

Fadilah, A., Syahidah, A. Nur’azmi, Risqiana, A., Nurmaulida, A. Sofa, Masfupah, DD, & Arumsari, C. (2021). Pengembangan Usaha Mikro, Kecil, Dan Menengah Melalui Fasilitasi Pihak Eksternal Dan Potensi Internal. BERNAS: Jurnal Pengabdian Kepada Masyarakat, 2(4),892-896.https://doi.org/10.31949/jb.v2i4.1525

Fawzi Marissa,dkk. (2022). Strategi Pemasaran Konsep, Teori dan Implementasi. Dalam Buku Pascal.

Jameson, K. “Game Theory and its Applications.” Sr. Seraphim Gibbons Undergraduate Symposium 30 (2014): 1-23.

Laily, N. (2013). Pengaruh Literasi Keuangan Terhadap Perilaku Mahasiswa Dalam Mengelola Keuangan.Jurnal Pendidikan Akuntansi I, 1(Ssn 2897952).

Lashgari, Z., A. Bahiraie, and M. Eshaghi Gordji. “A New Credit and Loan Lending Strategy and Credit in Banking Systems: An Evolutionary Game Theory Approach.” Journal of Applied Mathematics no. 1 (2022): 3400319.

Maclean, R., and M. Pavlova. “Skills Development for Employability And (TVET) in Higher Education: Issues and Challenges.”Journal of Asian Public Policy 4, no. 3 (2011): 321–30

Marwanto,I.G.G.H.,Rahmadi, A. N., & Yap, N. (2023). Evaluation of Micro,Small And Medium Enterprises (MSMES) Financing Policies For MSME Actors In Yogyakarta.Return:Study of Management,Economicand Bussines, 2(5), 456–462.

Nie, P.Y., T. Matsuhisa, X.H. Wang, and Z. Pei-ai. “Game Theory and Applications in Economics.” Journal of Applied Mathematics (2014): 1-2.

Pakpahan,A.K.(2020).Covid-19 dan Implikasi Bagi Usaha Mikro, Kecil, dan Menengah.JurnalIlmiah Hubungan Internasional,Edisi Khus, 59–64.

Penilaian, S., Manajerial, K., Produksi, D., Usaha, S. P., Malang, S. Di P., Wardani, M. I. A., Tinggi, S., Indocakti, I. E., & Realita, T. N. (2023). Sistem Penilaian Kinerja Manajerial Departemen Produksi Studi Pada Usaha Snack di Pakis Malang. CEMERLANG : Jurnal Manajemen Dan Ekonomi Bisnis, 3(2), 326–344. https://doi.org/10.55606/CEMERLANG.V3I2.1589

Rahman, A. A., & Hirawati, H. (2022). PENGARUH STRATEGI BISNIS,KEMAMPUAN MANAJERIAL PELAKU UMKM TERHADAP KINERJA UMKM PADA BIDANG KNALPOT DI KABUPATEN PURBALINGGA. JURNAL EKONOMI KREATIF DAN MANAJEMEN BISNIS DIGITAL, 1(2), 312–326. https://doi.org/10.55047/JEKOMBITAL.V1I2.339

Tatik, T., Maisaroh, M., & Hakim, M. K. Al. (2021). Penguatan Financial Literacy dan Manajemen SDM Pada Industri Ekonomi Kreatif Berbasis Komunitas Wirausaha.Rahmatan Lil Alamin Journal of Community Services, 1(1), 20–28. https://doi.org/10.20885/RLA.VOL1.ISS1.ART4

Wheeler, L. “TVET and the UNESCO Global Network of Learning Cities: Relevance for Countries in the Middle East.”International Journal of Training Research 15, no. 3 (2017): 245–54.

Reference

Adeoye, M. A., & Jimoh, H. A. (2023). Problem-Solving Skills Among 21st-Century Learners Toward Creativity and Innovation Ideas. Thinking Skills and Creativity Journal, 6(1), 52–58. https://doi.org/10.23887/TSCJ.V6I1.62708

Afifah, S. N. (2023). Dampak Pandemi Corona Virus Terhadap UMKM di Indonesia. EXERO: Journal of Research in Business and Economics, 6(1), 63–82.

Ahmet, E. F. E. (2023). A DISCUSSION ON PROBLEMS AND SOLUTIONS OF INNOVATIVE PERFORMANCE MANAGEMENT IN THE PUBLIC SERVICE AND GOVERNMENT. Uluslararası Akademik Yönetim Bilimleri Dergisi, 9(13), 100–126.

Alshebami, A.S.; Aldhyani, T.H.H. The interplay of social influence, financial literacy, and saving behaviour among Saudi youth and the moderating effect of self-control. Sustainability 2022, 14, 48780.

Assyfa, L. N. (2020). Pengaruh Uang Saku, Gender Dan Kemampuan Akademik Terhadap Perilaku Pengelolaan Keuangan Pribadi Mahasiswa Akuntansi Dengan Literasi Keuangan Selnbagai Variabel Intervening. 01, 109–119.

Amrina, E.; Yusof, S.M. Key performance indicators for sustainable manufacturing evaluation in automotive companies. In Proceedings of the 2011 IEEE International Conference on Industrial Engineering and Engineering Management, Changchun, China, 3–5 September 2011; pp. 1093–1097.

Anand, B. Reverse globalization by internationalization of SME’s: Opportunities and challenges ahead. Procedia-Social Behav. Sci. 2015, 195, 1003–1011.

Ariani, A., & Utomo, M.N. 2017. Study of the development strategy for micro, small and medium enterprises (UMKM) in Tarakan city. Journal of Organization and Management, Vol.13 No.2, pp: 99-118.Bhasin, H., & Sharma, R. (2018). Competency mapping in action: A critical review. International Journal of Education and Management Studies, 8(2), 336–339.

Bahiraie, A., A.K.M. Azhar, and N.A. Ibrahim. “A New Dynamic Geometric Approach for Empirical Analysis of Financial Ratios and Bankruptcy.” Journal of Industrial & Management Optimization 7, no. 4 (2011): 947-65.

Bolek, V., Kokles, M., Romanová, A., & Zelina, M. (2018). INFORMATION LITERACY OF MANAGERS: MODELS AND FACTORS. Journal of Business and Economic Management, 19(5), 722–741. https://doi.org/10.3846/JBEM.2018.6906

Budiwati, N., Hilmiatussadiah, K. G., Nuriansyah, F., & Nurhayati, D. (2020). ECONOMIC LITERACY AND ECONOMIC DECISIONS. Jurnal Pendidikan Ilmu Sosial, 29(1),85–96. https://doi.org/10.17509/JPIS.V29I1.21627

Brickley, J., C. Smith, and J. Zimmerman. “An Introduction To Game Theory And Business Strategy.” Journal of Applied Corporate Finance 13 (2000): 84-98.

Choudhar, S., Bi, N., Singh, P. N., & Talwar, P. (2022). Study on Problem Solving Skills and Its Importance. World Journal of English Language, 12(3), 47–54. https://doi.org/10.5430/WJEL.V12N3P47

Fadilah, A., Syahidah, A. Nur’azmi, Risqiana, A., Nurmaulida, A. Sofa, Masfupah, DD, & Arumsari, C. (2021). Pengembangan Usaha Mikro, Kecil, Dan Menengah Melalui Fasilitasi Pihak Eksternal Dan Potensi Internal. BERNAS: Jurnal Pengabdian Kepada Masyarakat, 2(4),892-896.https://doi.org/10.31949/jb.v2i4.1525

Fawzi Marissa,dkk. (2022). Strategi Pemasaran Konsep, Teori dan Implementasi. Dalam Buku Pascal.

Jameson, K. “Game Theory and its Applications.” Sr. Seraphim Gibbons Undergraduate Symposium 30 (2014): 1-23.

Laily, N. (2013). Pengaruh Literasi Keuangan Terhadap Perilaku Mahasiswa Dalam Mengelola Keuangan.Jurnal Pendidikan Akuntansi I, 1(Ssn 2897952).

Lashgari, Z., A. Bahiraie, and M. Eshaghi Gordji. “A New Credit and Loan Lending Strategy and Credit in Banking Systems: An Evolutionary Game Theory Approach.” Journal of Applied Mathematics no. 1 (2022): 3400319.

Maclean, R., and M. Pavlova. “Skills Development for Employability And (TVET) in Higher Education: Issues and Challenges.”Journal of Asian Public Policy 4, no. 3 (2011): 321–30

Marwanto,I.G.G.H.,Rahmadi, A. N., & Yap, N. (2023). Evaluation of Micro,Small And Medium Enterprises (MSMES) Financing Policies For MSME Actors In Yogyakarta.Return:Study of Management,Economicand Bussines, 2(5), 456–462.

Nie, P.Y., T. Matsuhisa, X.H. Wang, and Z. Pei-ai. “Game Theory and Applications in Economics.” Journal of Applied Mathematics (2014): 1-2.

Pakpahan,A.K.(2020).Covid-19 dan Implikasi Bagi Usaha Mikro, Kecil, dan Menengah.JurnalIlmiah Hubungan Internasional,Edisi Khus, 59–64.

Penilaian, S., Manajerial, K., Produksi, D., Usaha, S. P., Malang, S. Di P., Wardani, M. I. A., Tinggi, S., Indocakti, I. E., & Realita, T. N. (2023). Sistem Penilaian Kinerja Manajerial Departemen Produksi Studi Pada Usaha Snack di Pakis Malang. CEMERLANG : Jurnal Manajemen Dan Ekonomi Bisnis, 3(2), 326–344. https://doi.org/10.55606/CEMERLANG.V3I2.1589

Rahman, A. A., & Hirawati, H. (2022). PENGARUH STRATEGI BISNIS,KEMAMPUAN MANAJERIAL PELAKU UMKM TERHADAP KINERJA UMKM PADA BIDANG KNALPOT DI KABUPATEN PURBALINGGA. JURNAL EKONOMI KREATIF DAN MANAJEMEN BISNIS DIGITAL, 1(2), 312–326. https://doi.org/10.55047/JEKOMBITAL.V1I2.339

Tatik, T., Maisaroh, M., & Hakim, M. K. Al. (2021). Penguatan Financial Literacy dan Manajemen SDM Pada Industri Ekonomi Kreatif Berbasis Komunitas Wirausaha.Rahmatan Lil Alamin Journal of Community Services, 1(1), 20–28. https://doi.org/10.20885/RLA.VOL1.ISS1.ART4

Wheeler, L. “TVET and the UNESCO Global Network of Learning Cities: Relevance for Countries in the Middle East.”International Journal of Training Research 15, no. 3 (2017): 245–54.

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2025-02-01

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