

The program has been strutted to favor interactions among attendees coming from many diverse horizons, scientifically, geographically, from academia and from industry. Conference will therefore be a unique event, where attendees will be able to appreciate the latest results in their field of expertise, and to acquire additional knowledge in other fields. The high quality of the program guaranteed by the presence of an unparalleled number of internationally recognized top experts. Conference program is extremely rich, featuring high-impact presentations. After the rigorous peer-review process, the submitted papers were selected based on originality, significance, and clarity for the purpose of the conference. Reviewing and initial selection were undertaken electronically. All the submitted papers have been peer reviewed by the reviewers drawn from the scientific committee, external reviewers and editorial board depending on the subject matter of the paper. Conference has solicited and gathered technical research submission related to all aspects of major conference themes and tracks. The main goal of the event is to provide a scientific forum for exchange of new ideas in a number of fields that interact in depth through discussions with their peers from around the world. Conference aims to bring together researchers, scientists, engineers and practitioners to exchange and share their experiences, new ideas and research results about all aspects of the main conference themes and tracks and discuss the practical challenges encountered and the solutions adopted.

Main conference themes and tracks are Management, Finance and Entrepreneurship. Proceeding records the fully refereed papers presented at the conference.

The conference committee is itself quite diverse and truly international, with membership around the world. ICESS-2015 is organized in collaboration with Universitas Islam Sumatera Utara, Medan, Indonesia, Yildirim Beyazit University, Turkey, Shinawatra International University, Thailand, PERTRE ANDERI of IASI, Romania and National Academy of Management, Ukraine where researchers from around the world presented their work. The conference is aimed at discussing with all of you the wide range of problems encountered in present and future issues in economies and Societies. ICMFE-2015 is organized by International Foundation for Research and Development (IFRD). 2 Proceedings 4 th International Conference on Management, Finance & Entrepreneurship Medan, Indonesia 11-12, April 2015 ISSN Organized by International Foundation for Research and Development (IFRD) iģ Preface Dear Distinguished Delegates and Guests, The Conference Committee warmly welcomes our distinguished delegates and guests to the 2015 International Conference on Management, Finance and Entrepreneurship held on April in Medan, Indonesia.
