Stakeholder Collaboration Model in The Sustainable Organization of MICE Events in Medan City
DOI:
https://doi.org/10.18326/inject.v11i1.5888Keywords:
Social Capital, Communication in Collaboration, Stakeholders, MICE Event SustainabilityAbstract
This study aims to develop and validate a stakeholder collaboration model for the sustainable implementation of MICE (Meetings, Incentives, Conventions, and Exhibitions) events in Medan City. The MICE industry plays a crucial role in driving regional economic growth; however, its sustainable implementation still faces challenges related to weak synergy and coordination among stakeholders. The lack of effective collaboration has resulted in suboptimal application of sustainability principles across economic, social, and environmental dimensions. This research employs a quantitative approach, with data analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The variables examined include social capital (comprising cognitive, relational, and structural dimensions), stakeholder collaboration, and MICE event sustainability. Data were collected through a survey of MICE industry actors in Medan City. The results indicate that cognitive capital and relational capital have positive and significant effects on stakeholder collaboration, whereas structural capital has a positive but insignificant effect. Furthermore, stakeholder collaboration significantly influences MICE event sustainability and is proven to mediate the relationship between social capital and event sustainability. The total effect analysis demonstrates that stakeholder collaboration serves as a key linkage that strengthens the contribution of social capital to event sustainability. The R² value for stakeholder collaboration is 0.663 and for event sustainability is 0.655, indicating strong explanatory power of the model. Additionally, the Goodness of Fit (GoF) value of 0.57 signifies a good model fit.
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