Pricing Consistency in Coffee Business Management: A Comprehensive Study

Main Article Content

Kurniawan Arif Maspul

Abstract

The study presents a comprehensive analysis of pricing consistency in coffee business management, recognizing its critical role in ensuring trust, dependability, and sustainability in a competitive market. Through theoretical frameworks like transaction cost economics, agency theory, and signaling theory, the study explores how pricing uniformity enhances transactional efficiency, aligns incentives between management and stakeholders, and communicates quality to customers. Challenges in maintaining pricing consistency are discussed, highlighting the implications for business sustainability, internal dynamics, and social responsibility. The method involves a qualitative examination of pricing practices in Al Qassim's coffee value chain, integrating observational analysis, interviews with coffee shop owners, and literature review to uncover insights and potential solutions. By understanding pricing consistency, coffee businesses can foster consumer trust, improve operational efficiency, and navigate long-term success in a dynamic economy.

Article Details

How to Cite
Maspul, K. A. (2024). Pricing Consistency in Coffee Business Management: A Comprehensive Study. Journal Arbitrase : Economy, Management and Accounting, 2(02), 78–86. https://doi.org/10.58471/arbitrase.v2i02.103
Section
Articles

References

Atrill, P., McLaney, E., & Harvey, D. (2014). Accounting: An Introduction, 6/E (Vol. 6). Pearson Higher Education AU.

Baker, J., Parasuraman, A., Grewal, D., & Voss, G. B. (2002). The influence of multiple store environment cues on perceived merchandise value and patronage intentions. Journal of marketing, 66(2), 120-141.

Battilana, J., & Casciaro, T. (2012). Change agents, networks, and institutions: A contingency theory of organizational change. Academy of Management Journal, 55(2), 381-398.

Beverland, M. B., Wilner, S. J., & Micheli, P. (2015). Reconciling the tension between consistency and relevance: design thinking as a mechanism for brand ambidexterity. Journal of the Academy of Marketing Science, 43, 589-609.

Bradlow, E. T., Gangwar, M., Kopalle, P., & Voleti, S. (2017). The role of big data and predictive analytics in retailing. Journal of retailing, 93(1), 79-95.

Brambilla, M., Sacchi, S., Rusconi, P., & Goodwin, G. P. (2021). The primacy of morality in impression development: Theory, research, and future directions. In Advances in experimental social psychology (Vol. 64, pp. 187-262). Academic Press.

Brown, M. E., & Mitchell, M. S. (2010). Ethical and unethical leadership: Exploring new avenues for future research. Business ethics quarterly, 20(4), 583-616.

Cialdini, R. B. (2009). Influence: Science and practice (Vol. 4). Boston, MA: Pearson education.

Donaldson, L., & Davis, J. H. (1991). Stewardship theory or agency theory: CEO governance and shareholder returns. Australian Journal of management, 16(1), 49-64.

Donaldson, T., & Preston, L. E. (1995). The stakeholder theory of the corporation: Concepts, evidence, and implications. Academy of management Review, 20(1), 65-91.

Edmondson, A. C., & Lei, Z. (2014). Psychological safety: The history, renaissance, and future of an interpersonal construct. Annu. Rev. Organ. Psychol. Organ. Behav., 1(1), 23-43.

Ehrhardt, M. C. (2011). Financial management: theory and practice. USA.

Elkington, J. (2012). The zeronauts: breaking the sustainability barrier. Routledge.

Freeman, R. E. (1984). Strategic management: A stokcholder approach. Pitman.

Hill, C. W., Schilling, M. A., & Jones, G. R. (2017). Strategic management: An integrated approach: Theory & cases. Cengage Learning.

Homburg, C., & Giering, A. (2001). Personal characteristics as moderators of the relationship between customer satisfaction and loyalty—an empirical analysis. Psychology & Marketing, 18(1), 43-66.

Horngren, C. T. (1978). Introduction to management accounting. Prentice Hall.

Huu Nguyen, A., Thuy Doan, D., & Ha Nguyen, L. (2020). Corporate governance and agency cost: Empirical evidence from Vietnam. Journal of Risk and Financial Management, 13(5), 103.

Jensen, M. C., & Meckling, W. H. (2019). Theory of the firm: Managerial behavior, agency costs and ownership structure. In Corporate governance (pp. 77-132). Gower.

Kahneman, D., & Tversky, A. (2013). Prospect theory: An analysis of decision under risk. In Handbook of the fundamentals of financial decision making: Part I (pp. 99-127).

Kaplan, RS, R., & Atkinson, A. A. (1989). Advanced management accounting. Englewood Cliffs, New Jersey, 19892.

Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2016). Intermediate accounting. John Wiley & Sons.

Kotler, P., Keller, K. L., Ang, S. H., Tan, C. T., & Leong, S. M. (2018). Marketing management: an Asian perspective. London: Pearson.

Maspul, K. A. (2022). Coffee Acculturation in Saudi Arabia: Diversifying Local Wisdom and Strengthening Sustainable Economy in Coffee Value Chain. EKOMA: Jurnal Ekonomi, Manajemen, Akuntansi, 1(2), 271-283.

Maspul, K. A., Akrem, A. M., & Sidiq, A. R. (2024). Investigating the Specialty Coffee Industry's Allure for Local and Global Investors. Jurnal Sosial Sains dan Komunikasi, 2(2), 107-115.

Mitra, D., & Golder, P. N. (2006). How does objective quality affect perceived quality? Short-term effects, long-term effects, and asymmetries. Marketing Science, 25(3), 230-247.

Parasuraman, A., Zeithaml, V. A., & Berry, L. L. (1985). A conceptual model of service quality and its implications for future research. Journal of marketing, 49(4), 41-50.

Porter, M. E. (1980). Competitive strategy: Techniques for analyzing industries and competitors. New York.

Rosenberg, L., Swilling, M., & Vermeulen, W. J. (2018). Practices of third wave coffee: A Burundian Producer's Perspective. Business Strategy and the Environment, 27(2), 199-214.

Schein, E. H. (2010). Organizational culture and leadership. John Wiley & Sons.

Sen, S., & Bhattacharya, C. B. (2001). Does doing good always lead to doing better? Consumer reactions to corporate social responsibility. Journal of marketing Research, 38(2), 225-243.

Simons, R. (2019). The role of management control systems in creating competitive advantage: new perspectives. In Management Control Theory (pp. 173-194). Routledge.

Spence, M. (1978). Job market signaling. In Uncertainty in economics (pp. 281-306). Academic Press.

Sundaramurthy, C. (2008). Sustaining trust within family businesses. Family business review, 21(1), 89-102.

Trevino, L. K., & Nelson, K. A. (2021). Managing business ethics: Straight talk about how to do it right. John Wiley & Sons.

Wijaya, S., Maspul, K. A., Awadi, E., & Acuña-Ramírez, C. (2021). Managing in the Global Economy.

Williamson, O. E. (2008). The economic institutions of capitalism. NH Barma, & SK Vogel, The Political Economy Reader: Markets as Institutions, 185-195.

Yigitbasioglu, O. M. (2010). Information sharing with key suppliers: a transaction cost theory perspective. International Journal of Physical Distribution & Logistics Management, 40(7), 550-578.

Zeithaml, V. A., Bitner, M. J., & Gremler, D. D. (2018). Services marketing: Integrating customer focus across the firm. McGraw-Hill.