Strategy for Developing the Sharia Business Management Study Program with the Canvas Business Model Approach

Authors

  • Rizal Ma'ruf Amidy Siregar Universitas Islam Negeri Syekh Ali Hasan Ahmad Addary Padangsidimpuan, Indonesia
  • Samsuddin Muhammad Universitas Islam Negeri Syekh Ali Hasan Ahmad Addary Padangsidimpuan, Indonesia
  • Utari Evy Cahyani Universitas Islam Negeri Syekh Ali Hasan Ahmad Addary Padangsidimpuan, Indonesia

DOI:

https://doi.org/10.29040/ijebar.v9i1.16476

Abstract

This study aims to benchmark the Sharia Business Management Study Program (MBS Study Program) of the Syekh Ali Hasan Ahmad Addary Padangsidimpuan State Islamic University (UIN Syahada), accredited as Excellent by LAMEMBA. The approach includes canvas business model analysis and SWOT-based strategy formulation. The results of the study show that the canvas business model of the MBS Study Program consists of nine main blocks, including customer segments, value propositions, channels, customer relationships, revenue sources, key resources, key activities, key partnerships, and cost structures. The strategy formulation produces eight main strategies: diversifying funding sources through research and training collaborations, optimizing digital technology, and innovating educational services.

 

References

Ardiansyah, A. (2024). Strengthening Culinary Micro-Enterprises Competitiveness Through SWOT Analysis and Business Model Canvas. International Journal Papier Public Review, 5(1), 10–18. https://doi.org/10.47667/ijppr.v5i1.285

Azzaria, T. D., Rohmah, W. G., Deoranto, P., Septifani, R., & Ikasari, D. M. (n.d.). Analysis of tomato dates business development strategies using business model canvas approach and SWOT-ANP. Jurnal Teknologi Pertanian.

Babović, J., RaiÄević, V., & Carić, M. (2012). Benchmarking as a function of competitiveness and efficiency in business. EP, 59(1), 115–127.

Brawijaya University, Supriono, S., Musadiq, A., & Topowijoyo, T. (2016). Marketing Innovation through the Identification of Business Model Canvas in Order to Enhance the Competitiveness of Micro, Small, and Medium Enterprises in Bondowoso Regency. International Journal of Social and Local Economic Governance, 2(2), 118–126. https://doi.org/10.21776/ub.ijleg.2016.002.02.3

Cahyani, U. E. (2017). Analisis Strategi Pengembangan Agribisnis Salak di Kabupaten Tapanuli Selatan. Kolegial, 5(1), 36–50. https://doi.org/10.57251/reg.v1i3.266

Chesbrough, H. (2010). Business Model Innovation: Opportunities and Barriers. Long Range Planning, 43(2), 354–363. https://doi.org/10.1016/j.lrp.2009.07.010

David, F. R. (2011). Strategic Management: Concepts and Cases (13th ed.). Prentice Hall.

Dhumal, P., Chakraborty, S., Ibrahim, B., Kaur, M., & Valsami-Jones, E. (2024). Green-synthesised carbon nanodots: A SWOT analysis for their safe and sustainable innovation. Journal of Cleaner Production, 480, 144115. https://doi.org/10.1016/j.jclepro.2024.144115

Ghezzi, A., & Cavallo, A. (2018). Agile Business Model Innovation in Digital Entrepreneurship: Lean Startup Approaches. Journal of Business Research, 110(June), 519–537. https://doi.org/10.1016/j.jbusres.2018.06.013

Gopalakrishnan, K., Prentkovskis, O., Jackiva, I., & JuneviÄius, R. (Eds.). (2020). TRANSBALTICA XI: Transportation Science and Technology: Proceedings of the International Conference TRANSBALTICA, May 2-3, 2019, Vilnius, Lithuania. Springer International Publishing. https://doi.org/10.1007/978-3-030-38666-5

Hastutik, T. P., & Novitaningtyas, I. (2021). Ana Batik Magelang’s Business Development Strategy Based on SWOT and Business Model Canvas. International Journal of Marketing & Human Resource Research, 2(4), 224–235. https://doi.org/10.47747/ijmhrr.v2i4.348

Jiayue, Z. (2024). What Is a Successful Business Model? Exploration and Measurement of Key Attributes of Business Model. Sage Open, 14(2), 21582440241251601. https://doi.org/10.1177/21582440241251601

Johnson, M. W., & Christensen, C. M. (2000). Reinventing you business Model. Harvard Business Review, 16(1), 14–21.

Johnson, M. W., Christensen, C. M., & Kagermann, H. (2008). Reinventing Your Business Model. Harvard Business Review, December, 1–11.

Kalinowski, M., & Vives, L. (2013). How Emerging Market Firms Manage their Business Models in their Internationalization Processes. Academy of Management Proceedings, 2013(1), 17621. https://doi.org/10.5465/ambpp.2013.17621abstract

Koprivnjak, T., & Oberman Peterka, S. (2020). Business Model as a Base for Building Firms’ Competitiveness. Sustainability, 12(21), 9278. https://doi.org/10.3390/su12219278

Krishnamoorthy, B., D’, C., & Lima, N. A. (2014). Benchmarking as a measure of competitiveness. International Journal of Process Management and Benchmarking, 4(3), 342. https://doi.org/10.1504/IJPMB.2014.063240

LeBlanc, P. J. (2018). Higher Education in a VUCA World. Change: The Magazine of Higher Learning, 50(3–4), 23–26. https://doi.org/10.1080/00091383.2018.1507370

Li, M., Yang, C., Zhang, L., & Fan, R. (2024). Research on Sustainable Development Strategy of Energy Internet System in Xiongan New Area of China Based on PEST-SWOT-ANP Model. Sustainability, 16(15), 6395. https://doi.org/10.3390/su16156395

Lubis, R., Matondang, Z., & Cahyani, U. E. (2023). Key Success Factors Islamic Human Resources in North Sumatera Islamic Banking With Analytical Network Process (ANP). Jurnal Aplikasi Bisnis Dan Manajemen. https://doi.org/10.17358/jabm.9.3.898

Mohamed Hashim, M. A., Tlemsani, I., & Matthews, R. (2022). Higher education strategy in digital transformation. Education and Information Technologies, 27(3), 3171–3195. https://doi.org/10.1007/s10639-021-10739-1

Morris, M., Schindehutte, M., Richardson, J., & Allen, J. (2006). Is the business model a useful strategic concept? Conceptual, theoretical, and empirical insights. Journal of Small Businesss Strategy, 17(1), 27–50.

Muliana, M., & Said, A. I. (2020). Combine Business Model Canvas, Blue Ocean Strategy, and Analytical Hierarchy Process to Develop Business Model of Malkita Mall Jakarta. Proceedings of the 3rd Asia Pacific Management Research Conference (APMRC 2019). 3rd Asia Pacific Management Research Conference (APMRC 2019), Bali, Indonesia. https://doi.org/10.2991/aebmr.k.200812.050

Osterwalder, A., & Pigneur, Y. (2010). Business Model Generation. In Booksgooglecom (Vol. 30, Issue 5377). John Wiley & Sons, Inc.

Osterwalder, A., Pigneur, Y., & Clark, T. (2010). Business model generation: A handbook for visionaries, game changers, and challengers. Wiley.

Pucciarelli, F., & Kaplan, A. (2016). Competition and strategy in higher education: Managing complexity and uncertainty. Business Horizons, 59(3), 311–320. https://doi.org/10.1016/j.bushor.2016.01.003

Rusydiana, A. S. (2015). Aplikasi Metode Analytic Network Process (ANP) dalam Riset Ekonomi & Keuangan Islam. SMART Publishing.

Saaty, T. L. (2006). The Analytic Network Process. In Decision Making with the Analystic Network Process (Vol. 95, Issue 1, pp. 1–27).

Saleh, I. (2024, July 11). Peluang dan Tantangan Prodi MBS UIN Syahada Padangsidimpuan [Personal communication].

Sibalija, J., Barrett, D., Subasri, M., Bitacola, L., & Kim, R. B. (2021). Understanding value in a healthcare setting: An application of the business model canvas. Methodological Innovations, 14(3), 20597991211050477. https://doi.org/10.1177/20597991211050477

Sparviero, S. (2019). The Case for a Socially Oriented Business Model Canvas: The Social Enterprise Model Canvas. Journal of Social Entrepreneurship, 10(2), 232–251. https://doi.org/10.1080/19420676.2018.1541011

Teece, D. J. (2010). Business Models, Business Strategy and Innovation. Long Range Planning, 43(2–3), 172–194. https://doi.org/10.1016/j.lrp.2009.07.003

Teece, D. J. (2018). Business models and dynamic capabilities. Long Range Planning, 51(1), 40–49. https://doi.org/10.1016/j.lrp.2017.06.007

Teece, D. J., & Linden, G. (2017). Business models, value capture, and the digital enterprise. Journal of Organization Design, 6(1), 0–14. https://doi.org/10.1186/s41469-017-0018-x

Vives, L., & Svejenova, S. (2011). To, from and beyond the margins: Business models: towards an integrative framework. Management Research: Journal of the Iberoamerican Academy of Management, 9(3), 230–242. https://doi.org/10.1108/1536-541111181921

Wahyu Wirati, T., Umayah, S., Irmani Putra, F., Febriyanti, F., Renaga Shafar Anggara, M., Al-Fathia Laksana, S., & Aziz, W. (2024). Analysis of Business Strategy Development Using the Business Model Canvas Approach. Jurnal Ilmiah Manajemen Kesatuan, 12(4), 1211–1218. https://doi.org/10.37641/jimkes.v12i4.2727

Wardhanie, A. P., & Kumalawati, D. (2018). Analisis business model canvas pada perpustakaan Institut Bisnis dan Informatika Stikom Surabaya dalam meningkatkan kualitas perguruan tinggi. Berkala Ilmu Perpustakaan Dan Informasi, 14(2), 124. https://doi.org/10.22146/bip.32247

Wijaya, F. (2019). Formulasi Perancangan Strategi Pengembangan Usaha Menggunakan Analisis SWOT dan Business Model Canvas. JURNAL ILMU MANAJEMEN DAN BISNIS, 10(2), 205–212. https://doi.org/10.17509/jimb.v10i2.15308

Wirtz, B. W., Göttel, V., & Daiser, P. (2016). Business Model Innovation: Development, Concept and Future Research Directions. Journal of Business Models, 4(1), 1–28.

Wirtz, B. W., Pistoia, A., Ullrich, S., & Göttel, V. (2016). Business Models: Origin, Development and Future Research Perspectives. Long Range Planning, 49(1), 36–54. https://doi.org/10.1016/j.lrp.2015.04.001

Zairi, M. (1994). Benchmarking: The Best Tool for Measuring Competitiveness. Benchmarking for Quality Management & Technology, 1(1), 11–24. https://doi.org/10.1108/14635779410056859

Zott, C., Amit, R., & Massa, L. (2011a). The business model: Recent developments and future research. Journal of Management, 37(4), 1019–1042. https://doi.org/10.1177/0149206311406265

Zott, C., Amit, R., & Massa, L. (2011b). The Business Model: Recent Developments and Future Research. Journal of Management, 37(4), 1019–1042. https://doi.org/10.1177/0149206311406265

Downloads

Published

2025-03-25

How to Cite

Siregar, R. M. A., Muhammad, S., & Cahyani, U. E. (2025). Strategy for Developing the Sharia Business Management Study Program with the Canvas Business Model Approach. International Journal of Economics, Business and Accounting Research (IJEBAR), 9(1). https://doi.org/10.29040/ijebar.v9i1.16476

Citation Check