Main Article Content
Abstract
Purpose – This paper aims to identify Ibn Khaldun's philosophy on the contribution of intellectual capital to increasing business performance for MSMEs.
Methodology – Using literature studies and observations of online data, this paper focuses on identifying the typology of content used by internet users on Youtube channels to capture the involvement of entrepreneurs during the Covid-19 pandemic era. This study is conducted using the Netnographic method, whereas the Wordcloud technique was used to generate information for entrepreneurship from the youtube channel. The relevant channel is entitled “UMKM: Paling Tangguh Meskipun Kalah “Seksi," which means "The greatest MSMEs even though they are less "attractive".
Findings –The theory described by Ibn Khaldun is identical to intellectual capital, and the views of other researchers have been classified in this paper: (1)human capital, (2)organizational capital, (3)relational capital, (4)spiritual capital and (5)technological capital.
Implications – This paper provides an alternative thought for the development of MSMEs to utilize intellectual capital to face the Covid-19 pandemic era and financial capital such as debt.
Originality – This research attempted to show the scope of Ibn Khaldun's insight focuses on the process of economic development, but no one has yet discussed how Ibn Khaldun's view of economic philosophy relates to increasing business performance for MSMEs.
Article Details
Copyright (c) 2022 Dicky Wahyudi
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References
- Abd Majid, M. K., & Abd Rahim, R. A. (2009). Perubahan sosial dan impaknya terhadap pembentukan modal insan menurut Ibn Khaldun. Journal of Hadhari, 1. 46-75. http://journalarticle.ukm.my/234/1/1.pdf
- Aberth, J. (2005). The black death: The great mortality of 1348-1350: A Brief History with Documents. Palgrave History Collection
- Ahuja, V., & Shakeel, M. (2017). Twitter presence of jet airways-deriving customer insights using Netnography and Wordclouds. Procedia Computer Science, 122. 17-24. https://doi.org/10.1016/j.procs.2017.11.336
- Alatas, S. F. (2006). Ibn Khaldūn and contemporary sociology. International Sociology, 21(6). 782-795. https://doi.org/10.1177/0268580906067790
- Amirat, A., & Zaidi, M. (2020). Estimating GDP growth in Saudi Arabia under the government’s vision 2030: A knowledge-based economy approach. Journal of the Knowledge Economy, 11(3). 1145-1170. https://doi.org/10.1007/s13132-019-00596-2
- Aydemir, U. (2021). The reviving breath of death: Seeking new political beginnings after epidemics in history. Geopolitics Quarterly, 17(Special Issue).
- Badan Pusat Statistik. (2020). Infografis hasil survei dampak Covid-19 terhadap pelaku usaha di Indonesia. Survei COVID-19. https://covid-19.bps.go.id/home/infografis
- Burki, U., Azid, T., & Dahlstrom, R. F. (2021). Foundations of a sustainable economy: Moral, ethical and religious perspectives. Foundations of a Sustainable Economy: Moral, Ethical and Religious Perspectives. https://doi.org/10.4324/9781003010579
- Chabani, Z. (2021). Extrapolate lessons from the economic philosophy of Ibn Khaldun to better fight Covid-19. http://etdiscussion.worldeconomicsassociation.org/papers/extrapolate-lessons-from-the-economic-philosophy-of-ibn-khaldun-to-better-fight-covid-19/
- Chapra, M. U. (1999). Islam and economic development: A discussion within the framework of Ibn Khaldun’s philosophy of history. Proceedings of the Second Harvard University Forum on Islamic Finance: Islamic Finance into the 21st Century, October.
- Chapra, M. U. (2008). Ibn Khaldun’s theory of development: Does it help explain the low performance of the present-day Muslim world? Journal of Socio-Economics, 37(2). 836–863. https://doi.org/10.1016/j.socec.2006.12.051
- Daou, A., Karuranga, E., & Su, Z. (2014). Towards a better understanding of intellectual capital in Mexican SMEs. Journal of Intellectual Capital, 15(2). 316-332. https://doi.org/10.1108/JIC-08-2013-0092
- Dols, M. W. (2021). The comparative communal responses to the black death in Muslim and Christian societies. 269-287. https://doi.org/10.1525/9780520323858-010
- Dumay, J., & Garanina, T. (2013). Intellectual capital research: A critical examination of the third stage. Journal of Intellectual Capital, 14(1), 10-25. https://doi.org/10.1108/14691931311288995
- Felix, C., Franconeri, S., & Bertini, E. (2018). Taking word clouds apart: An empirical investigation of the design space for keyword summaries. IEEE Transactions on Visualization and Computer Graphics, 24(1), 657-666. https://doi.org/10.1109/TVCG.2017.2746018
- Garrison, D. H. (2012). Ibn Khaldun and the modern social sciences: A comparative theoretical inquiry into society, the state, and revolution, University of Denver. https://digitalcommons.du.edu/etd/231
- Gogan, L.-M., & Draghici, A. (2013). A model to evaluate the intellectual capital. Procedia Technology, 9. https://doi.org/10.1016/j.protcy.2013.12.096
- Hariyono, A., & Tjahjadi, B. (2021). The role of intellectual capital in the development of financial technology in the new normal period in Indonesia. Journal of Asian Finance, Economics and Business, 8(1). 217-224. https://doi.org/10.13106/jafeb.2021.vol8.no1.217
- Hernawan, W. (2017). Ibn Khaldun thought: A review of al-Muqaddimah book. Jurnal Ushuluddin, 23(2), 173-184. https://doi.org/10.24014/jush.v23i2.1197
- Hertina, D., Hendiarto, S., & Wijaya, J. H. (2021). Dampak Covid-19 bagi UMKM di Indonesia pada era new normal. Jurnal Pengabdian Dharma Laksana, 3(2), 110-116. https://doi.org/10.32493/j.pdl.v3i2.8798
- Hopley, R. (2016). Plague, demographic upheaval and civilisational decline: Ibn Khaldūn and Muḥammad al-Shaqūrī on the black death in North Africa and Islamic Spain. Landscapes, 17(2), 171-184. https://doi.org/10.1080/14662035.2016.1251035
- Hussain M. A. Al-Obaid. (2014). The impact of epidemic-related depopulation and the theory of labour value by Ibn Khaldun in the 14th century. The Scientific Journal of the Faculty of Arts, 27, 1389-1414. https://doi.org/10.21608/jartf.2014.122236
- Ivan, L. (2019). Using netnography to research older adults’ online communities. Ageing and Digital Technology. 133-150. https://doi.org/10.1007/978-981-13-3693-5_9
- Karatas, S. C. (2006). The economic theory of Ibn Khaldun. https://www.muslimheritage.com/uploads/The%20Economic%20Theory%20of%20Ibn%20Khaldun.pdf
- Kozinets, R. V. (2018). Netnography for management and business research. IThe SAGE Handbook of Qualitative Business and Management Research Methods: Methods and Challenges. https://doi.org/10.4135/9781526430236.n23
- Krnu, C. B., Eetecs, Leshchenko, T., & Zhovnir, M. (2020). Engineering and educational technologies. Engineering and Educational Technologies, 8(2), 79–91. https://doi.org/10.30929/2307-9770.2020.08.02.07
- Lana, R. E. (1987). Ibn Khaldun and Vico: The universality of social history. Journal of Mind and Behaviour, 8(1), 153-165. https://www.jstor.org/stable/43853338#metadata_info_tab_contents
- Mackendrick, K., Shirazi, F., Blau, J., Goldstein, W. S., Kuznetsov, O. V, Foltz, R., Karamihova, M., Miri, S. J., Heriyanto, H., Finnegan, I. E., Keskin, T., Board, A., Ritzer, G., Leaman, O., Robinson, W. I., Safi, O., Butterworth, C., & Keyvanara, M. (2017). Ibn Khaldun and social sciences: A critical approach to Tabatabai's narrative on Ibn Khaldun. Journal of the Islamic Studies and Humanities, 17, 15–24. www.iranianstudies.org
- Marr, B., Gupta, O., Pike, S., & Roos, G. (2003). Intellectual capital and knowledge management effectiveness. Management Decision, 41(8). https://doi.org/10.1108/00251740310496288
- Muda, S., & Rahman, M. R. C. A. (2016). Human capital in SMEs life cycle perspective. Procedia Economics and Finance, 35. https://doi.org/10.1016/s2212-5671(16)00084-8
- Muhyiddin, M. (2020). Covid-19, new normal dan perencanaan pembangunan Indonesia. The Indonesia Journal of Development Planning, 4(2). 240-252. https://doi.org/10.36574/jpp.v4i2.118
- Mujahidin, M. (2018). The concept of economic thought Ibn Khaldun. MPRA Paper. 87143, 1-8. https://mpra.ub.uni-muenchen.de/87143/1/MPRA_paper_87143.pdf
- Orbaningsih, D., Sulila, I., Handhajani, S., & Pakaja, F. (2020). Intellectual capital (IC) in improving MSME organizational performance during the new normal pandemic Covid-19. Electronic Journal. https://doi.org/10.2139/ssrn.3730884
- Patriarca, G. (2010). A medieval approach to social sciences: the philosophy of Ibn Khaldun some historical notes and actual reflections. Journal of Markets & Morality, 13(1), 181–184. https://www.marketsandmorality.com/index.php/mandm/article/view/113
- Peña, I. (2002). Intellectual capital and business start-up success. Journal of Intellectual Capital, 3(2). 180-198. https://doi.org/10.1108/14691930210424761
- Risza, H. (2014). Kritik ilmu ekonomi strukturalis dan Islam terhadap ekonomi klasikal. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 6(2), 251-268. https://doi.org/10.15408/aiq.v6i2.1234
- Suliswanto, M. S. W., Sulistyono, S. W., Arifin, Z., & Abdullah, F. (2019). Reflection of Indonesian economic development model approach through the economic and social dynamics Ibnu Khaldun. KnE Social Sciences, 3(13), 1128-1151 https://doi.org/10.18502/kss.v3i13.4273
- Trzcielinski, S. (2015). The influence of knowledge based economy on agility of enterprise. Procedia Manufacturing, 3, 6615-6623. https://doi.org/10.1016/j.promfg.2015.11.001
- Weiss, D. (1995). Ibn Khaldun on economic transformation. International Journal of Middle East Studies, 27(1), 29-37. https://doi.org/10.1017/S0020743800061560
- Zin, S. M., Adnan, A. A., & Abdullah, I. H. T. (2017). How can Ibn Khaldun’s economic philosophy revive the intellectual capital of entrepreneurs. Asian Social Science, 13(6), 164-168. https://doi.org/10.5539/ass.v13n6p164
References
Abd Majid, M. K., & Abd Rahim, R. A. (2009). Perubahan sosial dan impaknya terhadap pembentukan modal insan menurut Ibn Khaldun. Journal of Hadhari, 1. 46-75. http://journalarticle.ukm.my/234/1/1.pdf
Aberth, J. (2005). The black death: The great mortality of 1348-1350: A Brief History with Documents. Palgrave History Collection
Ahuja, V., & Shakeel, M. (2017). Twitter presence of jet airways-deriving customer insights using Netnography and Wordclouds. Procedia Computer Science, 122. 17-24. https://doi.org/10.1016/j.procs.2017.11.336
Alatas, S. F. (2006). Ibn Khaldūn and contemporary sociology. International Sociology, 21(6). 782-795. https://doi.org/10.1177/0268580906067790
Amirat, A., & Zaidi, M. (2020). Estimating GDP growth in Saudi Arabia under the government’s vision 2030: A knowledge-based economy approach. Journal of the Knowledge Economy, 11(3). 1145-1170. https://doi.org/10.1007/s13132-019-00596-2
Aydemir, U. (2021). The reviving breath of death: Seeking new political beginnings after epidemics in history. Geopolitics Quarterly, 17(Special Issue).
Badan Pusat Statistik. (2020). Infografis hasil survei dampak Covid-19 terhadap pelaku usaha di Indonesia. Survei COVID-19. https://covid-19.bps.go.id/home/infografis
Burki, U., Azid, T., & Dahlstrom, R. F. (2021). Foundations of a sustainable economy: Moral, ethical and religious perspectives. Foundations of a Sustainable Economy: Moral, Ethical and Religious Perspectives. https://doi.org/10.4324/9781003010579
Chabani, Z. (2021). Extrapolate lessons from the economic philosophy of Ibn Khaldun to better fight Covid-19. http://etdiscussion.worldeconomicsassociation.org/papers/extrapolate-lessons-from-the-economic-philosophy-of-ibn-khaldun-to-better-fight-covid-19/
Chapra, M. U. (1999). Islam and economic development: A discussion within the framework of Ibn Khaldun’s philosophy of history. Proceedings of the Second Harvard University Forum on Islamic Finance: Islamic Finance into the 21st Century, October.
Chapra, M. U. (2008). Ibn Khaldun’s theory of development: Does it help explain the low performance of the present-day Muslim world? Journal of Socio-Economics, 37(2). 836–863. https://doi.org/10.1016/j.socec.2006.12.051
Daou, A., Karuranga, E., & Su, Z. (2014). Towards a better understanding of intellectual capital in Mexican SMEs. Journal of Intellectual Capital, 15(2). 316-332. https://doi.org/10.1108/JIC-08-2013-0092
Dols, M. W. (2021). The comparative communal responses to the black death in Muslim and Christian societies. 269-287. https://doi.org/10.1525/9780520323858-010
Dumay, J., & Garanina, T. (2013). Intellectual capital research: A critical examination of the third stage. Journal of Intellectual Capital, 14(1), 10-25. https://doi.org/10.1108/14691931311288995
Felix, C., Franconeri, S., & Bertini, E. (2018). Taking word clouds apart: An empirical investigation of the design space for keyword summaries. IEEE Transactions on Visualization and Computer Graphics, 24(1), 657-666. https://doi.org/10.1109/TVCG.2017.2746018
Garrison, D. H. (2012). Ibn Khaldun and the modern social sciences: A comparative theoretical inquiry into society, the state, and revolution, University of Denver. https://digitalcommons.du.edu/etd/231
Gogan, L.-M., & Draghici, A. (2013). A model to evaluate the intellectual capital. Procedia Technology, 9. https://doi.org/10.1016/j.protcy.2013.12.096
Hariyono, A., & Tjahjadi, B. (2021). The role of intellectual capital in the development of financial technology in the new normal period in Indonesia. Journal of Asian Finance, Economics and Business, 8(1). 217-224. https://doi.org/10.13106/jafeb.2021.vol8.no1.217
Hernawan, W. (2017). Ibn Khaldun thought: A review of al-Muqaddimah book. Jurnal Ushuluddin, 23(2), 173-184. https://doi.org/10.24014/jush.v23i2.1197
Hertina, D., Hendiarto, S., & Wijaya, J. H. (2021). Dampak Covid-19 bagi UMKM di Indonesia pada era new normal. Jurnal Pengabdian Dharma Laksana, 3(2), 110-116. https://doi.org/10.32493/j.pdl.v3i2.8798
Hopley, R. (2016). Plague, demographic upheaval and civilisational decline: Ibn Khaldūn and Muḥammad al-Shaqūrī on the black death in North Africa and Islamic Spain. Landscapes, 17(2), 171-184. https://doi.org/10.1080/14662035.2016.1251035
Hussain M. A. Al-Obaid. (2014). The impact of epidemic-related depopulation and the theory of labour value by Ibn Khaldun in the 14th century. The Scientific Journal of the Faculty of Arts, 27, 1389-1414. https://doi.org/10.21608/jartf.2014.122236
Ivan, L. (2019). Using netnography to research older adults’ online communities. Ageing and Digital Technology. 133-150. https://doi.org/10.1007/978-981-13-3693-5_9
Karatas, S. C. (2006). The economic theory of Ibn Khaldun. https://www.muslimheritage.com/uploads/The%20Economic%20Theory%20of%20Ibn%20Khaldun.pdf
Kozinets, R. V. (2018). Netnography for management and business research. IThe SAGE Handbook of Qualitative Business and Management Research Methods: Methods and Challenges. https://doi.org/10.4135/9781526430236.n23
Krnu, C. B., Eetecs, Leshchenko, T., & Zhovnir, M. (2020). Engineering and educational technologies. Engineering and Educational Technologies, 8(2), 79–91. https://doi.org/10.30929/2307-9770.2020.08.02.07
Lana, R. E. (1987). Ibn Khaldun and Vico: The universality of social history. Journal of Mind and Behaviour, 8(1), 153-165. https://www.jstor.org/stable/43853338#metadata_info_tab_contents
Mackendrick, K., Shirazi, F., Blau, J., Goldstein, W. S., Kuznetsov, O. V, Foltz, R., Karamihova, M., Miri, S. J., Heriyanto, H., Finnegan, I. E., Keskin, T., Board, A., Ritzer, G., Leaman, O., Robinson, W. I., Safi, O., Butterworth, C., & Keyvanara, M. (2017). Ibn Khaldun and social sciences: A critical approach to Tabatabai's narrative on Ibn Khaldun. Journal of the Islamic Studies and Humanities, 17, 15–24. www.iranianstudies.org
Marr, B., Gupta, O., Pike, S., & Roos, G. (2003). Intellectual capital and knowledge management effectiveness. Management Decision, 41(8). https://doi.org/10.1108/00251740310496288
Muda, S., & Rahman, M. R. C. A. (2016). Human capital in SMEs life cycle perspective. Procedia Economics and Finance, 35. https://doi.org/10.1016/s2212-5671(16)00084-8
Muhyiddin, M. (2020). Covid-19, new normal dan perencanaan pembangunan Indonesia. The Indonesia Journal of Development Planning, 4(2). 240-252. https://doi.org/10.36574/jpp.v4i2.118
Mujahidin, M. (2018). The concept of economic thought Ibn Khaldun. MPRA Paper. 87143, 1-8. https://mpra.ub.uni-muenchen.de/87143/1/MPRA_paper_87143.pdf
Orbaningsih, D., Sulila, I., Handhajani, S., & Pakaja, F. (2020). Intellectual capital (IC) in improving MSME organizational performance during the new normal pandemic Covid-19. Electronic Journal. https://doi.org/10.2139/ssrn.3730884
Patriarca, G. (2010). A medieval approach to social sciences: the philosophy of Ibn Khaldun some historical notes and actual reflections. Journal of Markets & Morality, 13(1), 181–184. https://www.marketsandmorality.com/index.php/mandm/article/view/113
Peña, I. (2002). Intellectual capital and business start-up success. Journal of Intellectual Capital, 3(2). 180-198. https://doi.org/10.1108/14691930210424761
Risza, H. (2014). Kritik ilmu ekonomi strukturalis dan Islam terhadap ekonomi klasikal. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 6(2), 251-268. https://doi.org/10.15408/aiq.v6i2.1234
Suliswanto, M. S. W., Sulistyono, S. W., Arifin, Z., & Abdullah, F. (2019). Reflection of Indonesian economic development model approach through the economic and social dynamics Ibnu Khaldun. KnE Social Sciences, 3(13), 1128-1151 https://doi.org/10.18502/kss.v3i13.4273
Trzcielinski, S. (2015). The influence of knowledge based economy on agility of enterprise. Procedia Manufacturing, 3, 6615-6623. https://doi.org/10.1016/j.promfg.2015.11.001
Weiss, D. (1995). Ibn Khaldun on economic transformation. International Journal of Middle East Studies, 27(1), 29-37. https://doi.org/10.1017/S0020743800061560
Zin, S. M., Adnan, A. A., & Abdullah, I. H. T. (2017). How can Ibn Khaldun’s economic philosophy revive the intellectual capital of entrepreneurs. Asian Social Science, 13(6), 164-168. https://doi.org/10.5539/ass.v13n6p164