Proceedings of the 3rd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2022)

<Previous Article In Volume
Next Article In Volume>

Local Wisdom in Business Practices in Indonesia

Authors
Husni Thamrin1, *, Kadarudin Kadarudin2
1Awang Long School of Law, Samarinda, Indonesia
2Faculty of Law, Hasanuddin University, Makassar, Indonesia
*Corresponding author. Email: husnithamrin180865@gmail.com
Corresponding Author
Husni Thamrin
Available Online 25 January 2023.
DOI
10.2991/978-2-494069-93-0_70How to use a DOI?
Keywords
Local Wisdom; Business; Practices; Indonesia
Abstract

The purpose of doing business through optimal management of economic resources for owners of economic resources and the community must be carried out by taking into account the interests and benefits of owners of economic resources or owners of production factors. Along with this, the idea of ​​local wisdom can be realized in various forms, ranging from habits, rules, values, traditions, and even the religion adopted by the local community that local wisdom has a significant role in business practices in Indonesia. Indonesia is rich in cultural values ​​and characteristics of each. Based on this, this paper will explain that local wisdom in each of the tribes in the territory of Indonesia can be used as a value system in shaping the character of the business community and become social capital because of the value of trust (mutual trust) and the principle of togetherness that applies universally in every local wisdom adopted by the community in each region.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 3rd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
25 January 2023
ISBN
10.2991/978-2-494069-93-0_70
ISSN
2352-5398
DOI
10.2991/978-2-494069-93-0_70How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Husni Thamrin
AU  - Kadarudin Kadarudin
PY  - 2023
DA  - 2023/01/25
TI  - Local Wisdom in Business Practices in Indonesia
BT  - Proceedings of the 3rd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2022)
PB  - Atlantis Press
SP  - 590
EP  - 601
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-93-0_70
DO  - 10.2991/978-2-494069-93-0_70
ID  - Thamrin2023
ER  -