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Lumanga, Dewa Bayu, and Amin Purnawan. "Notary Role In The Process Of Establishment Of Foreign Investment Company Limited Statutory Company Limited In The City Kendari." Jurnal Akta 7, no. 1 (August 13, 2020): 143. http://dx.doi.org/10.30659/akta.v7i1.7876.
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The purpose of this research are: 1) To analyzing role notary in the process of establishment of foreign investment limited liability company under the laws of a limited liability company in Kendari. 2) To analyzing obstacles is facing a notary in the process of establishment of the Foreign Investment Limited Liability Company under the laws of a limited liability company in Kendari and provide solutions to these obstacles. The method used by researchers is empirical approach juridical law and specification in this study were included descriptive analysis. As for sources and types of data in this study are primary data obtained from field studies with interview Notary in Kendari. And secondary data obtained from the results of research studies that literature. Based on The role of the Notary In Process Incorporation Limited Liability Investment Asing based on Act of Company Limited in Kendari is providing legal advice and pouring the will of the parties to the deed of incorporation in order to not conflict with existing regulations and is responsible for ensuring the deed of incorporation approved by the Minister of Justice and Rights Human Rights of the Republic of Indonesia, and once approved, the deed of establishment is the highest law for limited liability companies and limited liability company and a binding third party. Barriers Faced Notary In Process Incorporation Limited Liability Based on the Foreign Investment Limited Liability Company Act in Kendari is: a) Business Licensing; b) domicile Enterprises; c) Determination Business Sector; d) Administrative requirements; e) Capital To Establish Company. The solution is: a) It helps if you first understand your business; b) In selecting the business domicile you should use the designation of the building is for the business; c) In such case, please see the business field closest correlation with the idea; d) In person at the local PTSP to determine the current terms to provide a solution establishing businesses; e) Learn first line of business you will run.Keywords: Role; Notary; Incorporation; Limited Liability Company (PT); Foreign Direct Investment (FDI)
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Dzikevičius, Audrius, Edvard Michnevič, and Olga Ževžikova. "Stochastic Model of Business Evaluation." Verslas: teorija ir praktika 9, no. 3 (March 31, 2011): 229–36. http://dx.doi.org/10.3846/1648-0627.2008.9.229-236.
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Business (company) evaluation became a very important matter to Lithuania by now. Business evaluation is necessary for companies purchase or consolidation process analysis and for correct decision-making. The problem of business evaluation is analyzed in the paper. The paper examines discounted cash flow method for evaluation cash flow in the future discounted to the present value. Aspects of incorporation of risk measurement into the process of business evaluation are examined. Meanings of factors influencing the value are simulated using imitative technologies. The stochastic model of business evaluation is composed and researched in the article.
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Sørensen, Karsten Engsig. "Prospects for European Company Law After the Judgment of the European Court of Justice in Centros Ltd." Cambridge Yearbook of European Legal Studies 2 (1999): 203–30. http://dx.doi.org/10.1017/s1528887000003360.
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The ruling of the European Court of Justice in C-212/97Centros Ltdv.Erhvervs- og Selskabsstyrelsensuggests that the right of establishment enshrined in Article 43 (ex Article 52) of the EC Treaty includes the right to incorporate a company in the EC Member State with the most favourable company laws. The case provides a platform for arguing that choice of place of incorporation within the European Union is at the absolute discretion of business operators, after which point branches may be set up in any other Member State. Even if all activities are conducted in the Member State where the branch is situated, rather than in the Member State of incorporation, no abuse of Article 43 will arise, and the Member State in which the branch is located may be in no position to impede the establishment of a business which has utilised the vehicle of a foreign company.
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Fowler, S. J., and C. Hope. "Incorporating sustainable business practices into company strategy." Business Strategy and the Environment 16, no. 1 (2006): 26–38. http://dx.doi.org/10.1002/bse.462.
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Sørensen, Karsten Engsig. "Prospects for European Company Law After the Judgment of the European Court of Justice in Centros Ltd." Cambridge Yearbook of European Legal Studies 2 (1999): 203–30. http://dx.doi.org/10.5235/152888712802815752.
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The ruling of the European Court of Justice in C-212/97 Centros Ltd v. Erhvervs- og Selskabsstyrelsen suggests that the right of establishment enshrined in Article 43 (ex Article 52) of the EC Treaty includes the right to incorporate a company in the EC Member State with the most favourable company laws. The case provides a platform for arguing that choice of place of incorporation within the European Union is at the absolute discretion of business operators, after which point branches may be set up in any other Member State. Even if all activities are conducted in the Member State where the branch is situated, rather than in the Member State of incorporation, no abuse of Article 43 will arise, and the Member State in which the branch is located may be in no position to impede the establishment of a business which has utilised the vehicle of a foreign company.
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Ekwere, Francis N. "Some Aspects of the Nigerian Company and Allied Matters Decree, 1990 as they Affect Investors." Journal of African Law 37, no. 1 (1993): 52–59. http://dx.doi.org/10.1017/s0021855300011116.
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This article examines some aspects of the Company and Allied Matters Decree, 1990 with a view to showing how they affect business operations and business people. It seeks to show what positive reforms have been introduced by the Decree, in a bid to encourage business operations in Nigeria. In doing that the article will look at the formalities for the incorporation of business concerns (especially companies) and also some of the substantive rules which govern the operation of such companies.
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Schneider, Stephen. "The incorporation and operation of criminally controlled companies in Canada." Journal of Money Laundering Control 7, no. 2 (December 31, 2003): 126–38. http://dx.doi.org/10.1108/13685200410809832.
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Examines how financial proceeds of entrepreneurial crime are disbursed throughout Canada’s legitimate economy, focusing on the use of criminally controlled companies as money laundering vehicles. Outlines the design of the research, including data sources, sampling method, data collection, and limitations of the data; the main source of primary data are the proceeds of crime cases taken from the files of the Royal Canadian Mounted Police. Discusses the findings: drug trafficking is the largest single source of criminal proceeds. Moves on to the criminal companies involved: these have a long history in North America, and while they exist for various reasons, money laundering is one of their main functions. Details a case study, that of Gary Hendin, an Ontario lawyer who laundered around CDN12 million in drug money during the late 1970s and early 1980s. Indicates the types of companies used and their methods for laundering money: nominees as owners or directors, a company hierarchy, fake loans or investments, selling a company, buying a company already owned by a criminal enterprise, fictitious business expenses and false invoices, fictitious salaries, and offering shares in a public company.
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Tanaka, Hiromasa. "Emerging English-speaking business discourses in Japan." Asian Business Discourse(s) Part II 16, no. 1 (May 11, 2006): 25–50. http://dx.doi.org/10.1075/japc.16.1.03tan.
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Taking an ethnographic approach, this research investigates workplace interaction in English in a Japanese chemical company, a subsidiary of American multinational corporation. While previous research on business communication has focused on specific linguistic or rhetorical features, this study offers new insight through the incorporation of socio-economic, historical, and cultural elements in the analysis, and by taking a dynamic view of language, human beings and organisations. The researcher collaborated with the human resource manager of the participating corporation as a hired consultant in an intra-organisational communication development project. The data was collected through interviews, observations, and email exchanges. Initial analysis showed that the dominant Discourse in the company was based on western business values. Further analysis unveiled the changing nature of the Discourse as it is influenced by the local and American education systems, human resource ideologies, learners’ learning, and transformation business philosophies.
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Alanazi, Badar Mohammed Almeajel. "Company incorporation regimes in the UK, the US and Australia – In search of the golden mean." Journal of Governance and Regulation 9, no. 2 (2020): 83–91. http://dx.doi.org/10.22495/jgrv9i2art6.
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The purpose of the law on incorporation has been heavily contested by academics. On one side of the debate are scholars who argue that company law should have an “enabling” role, in that it should empower business owners to arrange their affairs in a manner that best suits their purposes at the same time as minimising any interference from the state. On the other side of the debate are those who argue that company law should impose on the world of commerce strong regulatory measures to prevent such abuses. This conflict between the “enabling” and the “regulatory” role of company incorporation law is visible in many jurisdictions, with each of them achieving a different balance between the two approaches. Many scholarly studies have elaborated on how companies are incorporated and regulated. Some of them have been used in the current paper such as studies carried out by Bayern et al. (2017) and Reyes (2018). However, this paper examines the extent to which the incorporation regimes in the UK, the US, and Australia can be said to be “enabling” or “regulatory” in nature, through a detailed analysis of the law on company incorporation, ownership structure and the protection provided to the relevant stakeholders through the principles of separate legal personality.
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Marjanski, Vladimir, and Attila Dudás. "Intergenerational Transfer of Family-run Enterprises by Means of Civil Law in Serbia." Central European Journal of Comparative Law 2, no. 1 (May 14, 2021): 119–37. http://dx.doi.org/10.47078/2021.1.119-137.
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Family-run enterprises are business organisations in which the reins of control are concentrated in the hands of a single family or an individual who for the enterprise aims to continue operation through successive generations of the family. In Serbia, family-run companies usually begin as an individual entrepreneurship, a form of closed company (general and limited partnership) or relatively closed company (limited liability company). The legal difficulties that arise following the death of an individual entrepreneur (natural person) differ from those following the death of a member in a company (legal entity). Companies are imbued with rights and responsibilities separate from the personal rights and responsibilities of their members. Members of a company, including the head, are not considered owners of the company’s property in legal terms. Instead, they have shares in the company, and those shares entitle them to membership (management and proprietary) rights. Thus, when a member dies, the company’s property, in whole or in part, is not subject to inheritance (although that deceased member’s share is). This differs from the situation following an individual entrepreneur’s death. The law does not recognise a natural person conducting business as an individual entrepreneur as having two legal personalities (personal and business); everything is treated as personal. Therefore, all the assets and debts of a deceased individual entrepreneur are subject to inheritance, regardless of whether or not they were accrued in the course of business. The succession of a share following a member’s death is regulated separately for each company form, and all issues not governed by the Companies Act or a company’s incorporation document are subject to the rules of Serbia’s Law of Inheritance. Inheritance rules differ greatly for a share in a personal company (general or limited partnership) and a share in a capital company (limited liability or joint-stock company). In principle, whether or not a deceased member’s rights and responsibilities can be passed through inheritance depends on the company’s form, its incorporation document, and the relevance of the heirs’ connection to the deceased and the company. The less complicated these are, the fewer the legal obstacles to inheritance.
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Cheng, Jian Hua, and Hui Wang. "Application and Popularization of BIM Technology in Project Management." Applied Mechanics and Materials 174-177 (May 2012): 2871–75. http://dx.doi.org/10.4028/www.scientific.net/amm.174-177.2871.
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BIM technology changes the path of acquiring and transmiting information in traditional project management methods. According to classification from building SMART alliance in America, 25 kinds of applications of BIM in architecture engineering field are listed.Through analyzing parties of project management,including design enterprise, owner,building enterprise,estate management company and construction supervision institution,a conclusion is drawn that construction supervision institution is the most suitable party to popularize BIM technology. Moreover,several approaches are put forward to establish BIM technology service corporation, expand BIM consulting business by supervision institution, popularize supervision business by BIM consulting form and consolidate supervision company and BIM consulting incorporation.
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Valencia-Rodríguez, Orlando, Gerard Olivar-Tost, and Johan Manuel Redondo. "Modeling a productive system incorporating elements of business sustainability." DYNA 85, no. 207 (October 1, 2018): 113–22. http://dx.doi.org/10.15446/dyna.v85n207.71209.
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This article builds and evaluates a business sustainability model for a manufacturing industry in which indicators of sustainable development are incorporated. The construction and analysis of the model is based on the system dynamics methodology. This methodology begins with the characterization of business sustainability and its indicators, models and applied methodologies are then reviewed, the production process of the analyzed company described, and the model is finally elaborated integrating the environmental, economic and social dimensions. The simulations of the model showed that the inventory of finished products accumulates over time and that the incorporation of energy saving technology is one that has a more effective impact on consumption, and the proportion of waste generated grows as the production order’s size increases. Finally, it is concluded that the designed model is useful for the evaluation of strategies and the definition of sustainability actions.
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Martin, James W. "The United Fruit Company's tourist business and the creation of the “Golden Caribbean”, 1899-1940." Journal of Historical Research in Marketing 8, no. 2 (May 16, 2016): 238–62. http://dx.doi.org/10.1108/jhrm-01-2015-0004.
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Purpose This paper aims to examine the tourist business and marketing strategies of a US agribusiness giant, the United Fruit Company (UFCO), between its incorporation in 1899 and 1940. It considers how tourist marketing served the company’s public-relations interest and tourism’s broader connection to narratives of US ascendancy in the Caribbean Basin. Design/methodology/approach This study is based on original research in a series of published company materials, including annual reports and a wide variety of marketing materials, as well as a variety of rare primary sources documenting the experiences of US tourists on UFCO cruises. Findings From its incorporation in 1899, the UFCO developed a Caribbean cruise business as a vital part of its strategies of vertical integration and expansion around the region. Marketing tropical travel at a time when tropical disease dominated US perceptions of such places required a thorough conceptual makeover, and UFCO publicity played an important part in this process. The company advertised Caribbean destinations first for their therapeutic possibilities, but by the 1920s, a framework of anachronistic space and picturesque primitivism predominated in marketing campaigns. The structure of this narrative naturalized the company’s, and more broadly, US, hegemony in the region. While on cruises, tourists became witnesses to and participants in a series of spectacles and activities highlighting the company’s technological prowess and benevolence. Originality/value This analysis centers on a largely overlooked dimension of the famed banana company’s enterprise. It is grounded in a wide collection of primary sources largely untapped by researchers, a source base that brings tourist perception and experience into the story of this company’s marketing efforts. This research brings tourism and leisure into the historical discussion of US power in early-twentieth-century Latin America.
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Kozlova, Nataliya. "Evolvement and Development of the Concept of Limited Liability Company in Russian Law." ISTORIYA 12, no. 6 (104) (2021): 0. http://dx.doi.org/10.18254/s207987840016067-2.
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The article discusses the evolution of the limited liability company as one of the forms of commercial legal entities envisaged by current Russian law. The article identifies forms of incorporation of entities for the conduct of business existing in European law similar to the Russian limited liability company. Based on the research of the genesis of this legal structure, the authors explain certain features of the modern limited liability company, including the legal regime of the LLC’s property, relations among its members and other aspects. The research was focused on the legislation on limited liability companies during various historic periods. The methods applied were historic method, legal comparison, structural function analysis, formal logical and hermeneutics analysis. The historic method was used to analyse the Russian legislation during various periods. The legal comparison was used to compare the format of the limited liability company set forth in various statutes and similar legal systems. The Russian legal system was compared with the German and French law systems pertaining to the civil law systems. The comparison covered legal statutes governing the same scope of relations during the same and different historic periods. The structural function analysis was employed to determine the place of the limited liability company among the forms of incorporation used for the conduct of business. The formal logical method was used to identify the structure and contents of legal norms. The system-oriented approach permitted to consider the Russian legal system in combination with the economic, political, social and ideological systems of the society. The research of the legal provisions of earlier historic periods was carried out based on the hermeneutics analysis where the meaning of words and expressions used in each period was interpreted by reference to the conceptual framework of the authors of respective documents.
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Roth, Wulf-Henning. "From Centros to Ueberseering: Free Movement of Companies, Private, International Law, and Community." International and Comparative Law Quarterly 52, no. 1 (January 2003): 177–208. http://dx.doi.org/10.1093/iclq/52.1.177.
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Not many decisions of the Court of Justice have stirred such an intensive academic debate in Germany1 as the Court's well-known Centros judgment,2 dealing with a Danish couple that had registered a private limited company in England and had then applied to register a branch in Denmark. The Danish authorities refused a registration for the reason that under Danish law a ‘foreign limited company’ which does not transact business in its state of incorporation has to fulfil certain requirements of Danish company law, in particular the paying-up of the minimum capital fixed at DKK 200.000. The competent Danish Court referred the question to the Court of Justice whether the Danish regulation was compatible with Article 52 (now Article 43) ECT in conjunction with Article 58 (now Article 48) ECT.
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Wollmann, Dewey, Maria Teresinha Arns Steiner, Pedro José Steiner Neto, and Osíris Canciglieri. "Experiencing Integrated Management in a Virtual Learning Environment." Advanced Materials Research 945-949 (June 2014): 2924–34. http://dx.doi.org/10.4028/www.scientific.net/amr.945-949.2924.
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The evolution of knowledge related to Integrated Management (IM) is clearly discernible. The growing complexity of the subject can be seen by the incorporation of new concepts and their increasing interrelationship demanding changes in education specially the relationship between what is taught in Industrial Engineering and Business schools and what is applied in companies. Here we introduce the e-tangram simulator, which seeks to develop conceptual (strategic), technical (operations management) and human skills in business managers. It provides a virtual learning environment that allows experimentation in a company operating in a competitive environment. Once the simulation environment has been defined, students acting as managers can develop their ability to strategically manage a company, combining variables from the external environment and the functional areas of marketing, operations, human resources and finance. To determine the impact of the simulator on learning among undergraduate Industrial Engineering and Business students data were collected from 500 students and analyzed according to The Collective Subject Discourse methodology. The results showed that the activities carried out in the simulation environment were of great help in consolidating technical and conceptual learning among undergraduates; developing human skills, particularly those related to negotiations.
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Vicente, Joana Andrade. "State-owned enterprises’ corporate governance: Evidence from a Portuguese company." Corporate Ownership and Control 18, no. 1 (2020): 127–37. http://dx.doi.org/10.22495/cocv18i1art10.
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This paper analyses state-owned enterprises’ (SOEs) corporate governance, addressing whether there are differences between these and private enterprises that make it necessary to formulate a specific corporate governance theory for the former. This will be achieved through a case study based on Carris company, mitigating the lack of empirical knowledge in this field and taking a step forward by clearly proving what it is suggested by the literature: SOEs’ governance particularities actually influence their day-to-day business and financial viability. That helps to highlight the urgency to apply adequate corporate governance techniques to SOEs, more aligned with their characteristics. SOEs have a different legal status, more volatile operating goals, soft budget constraints, lack of public service contracts (and consequent mismatch of the corresponding compensatory allowances due for the public service provided), and different criteria for professional appointment and selection. More importantly, they suffer from multiple principals’ phenomenon: multiple principals, multiple problems. It is, therefore, recommended some changes regarding their corporate governance, such as the incorporation of the comply-or-explain principle; introduction of a code of best practices in the public managers’ appointment process; and contractual arrangements regarding the public service provided, with the multiannual allocation of the corresponding compensatory allowances.
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Brotons, José M., and Manuel E. Sansalvador. "Fuzzy Systems in Business Valuation." International Journal of Uncertainty, Fuzziness and Knowledge-Based Systems 26, Suppl. 1 (December 2018): 1–19. http://dx.doi.org/10.1142/s0218488518400019.
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This research aims to develop a model that is able to integrate and objectify information provided by the different business valuation methods, incorporating quality management in its formal approach, which to date has not been considered in the literature about business valuation or quality management. Firstly, the company is valued using the methods which best adapt to its specific characteristics. Because of the subjectivity inherent in any valuation process, the results will be expressed through Triangular Fuzzy Numbers (TFN). These Fuzzy Numbers will be aggregated and summarized by applying Basic Defuzzification Distribution Uncertain Probabilistic Ordered Weighted Averaging operator (BADD-UPOWA). The weighting factors will be: the degree of confidence in each of the business valuation methods applied, and the innovative use of the company’s position on Crosby’s Quality Administration Grid. The results from application of the model in a case study show a significant reduction in uncertainty in contrast to the initial valuations. Moreover, the proposed methodology is seen to increase the final value of the company as its advances in quality management.
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Molla, Vicenta Giménez, and Amaia Alejos Martín. "A Traumatic Event." Clinical Journal of the International Institute for Bioenergetic Analysis 31, no. 1 (May 2021): 111–29. http://dx.doi.org/10.30820/0743-4804-2021-31-111.
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The article describes a work of Bioenergetic Analysis performed in the business sector. The therapists provided group therapy in a company context in a situation of serious grief (an employee had been killed in an occupational accident while several of his colleagues were present). Good results were achieved. Initially, the client requested individual psychological therapy for the thirty colleagues of the deceased man. This request was redefined to cover two approaches: immediate individual therapy (for those employees most affected) and group therapy. This paper describes the group therapy performed in the company environment. The paper also discusses some of the techniques used; the theoretical basis (Lowen’s Bioenergetic Analysis); incorporation of neurological advances on trauma (Porges’ Polyvagal Theory), trauma treatment (Berceli, Levine, Ogden, Rothschild and Van der Kolk); and the concepts that might be most helpful for anyone replicating this work in similar contexts.
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Bejtja, Merita. "Albanian Insurance Market Analyses and their Business Model." Academic Journal of Interdisciplinary Studies 7, no. 3 (November 1, 2018): 157–77. http://dx.doi.org/10.2478/ajis-2018-0067.
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Abstract The insurance market in Albania has been started to operate in the last years of centralized socialist system. It was represented by state insurance Company INSIG. It was the first important segment of the financial market to develop faster once Albania entered into the free market economy model on the last decade of the past century. It is the largest and most advanced market in non-banking financial sector. Together with investment funds, pension funds securities markets those are under the supervision of Albanian Financial Supervision Authority, not Central Bank. The insurance market, has had a lot development and positive growth in terms of wide range of products offer and the geographically expansion all over the country and in some neighboring countries in the Balkan region where Albanian population live. This potential is based on the favorable economic conditions, improved regulatory and supervisory system, low market penetration rate, as well as, on business community and population, which are dynamic and easily adaptable. The Insurance Industry has been undergoing dramatic changes during the last ten years. This industry can help the business companies and other entities on having economic and financial support, mitigating their risks and losses as well from natural disasters or other uncertainties. This sector can give a good support on social development and financial contribution on economy by reducing the risk of future losses. There are a lot of empirical research based on financial analyses of Albanian Insurance Companies in which you can see a causal relationship between insurance sector effects in economic growth by bearing risk on business investment. The study of qualitative and quantitative information on Main Insurance Company in Albania, their business model and risk drivers shows the development stage and challenges and steps needs to be in line with EU directives. Incorporation of international best practices combined with an efficient regulatory and supervisory approach will certainly play a very big role in the non-banking financial market development and growth.
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Das, Maitreyee, and Krishnamachari Rangarajan. "Impact of policy initiatives and collaborative synergy on sustainability and business growth of Indian SMEs." Indian Growth and Development Review 13, no. 3 (March 26, 2020): 607–27. http://dx.doi.org/10.1108/igdr-09-2019-0095.
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Purpose The influence of sustainability practices, especially those related to the environment and society in driving business growth is evident from the annual sustainability reports of big corporations. Also, there has been a plethora of research relating sustainability performance to the financial performance of these companies. However, in the case of small and medium-sized enterprises, a very limited research study has been done so far considering the societal and environmental aspects of their business operations. Small and medium enterprises (SMEs), especially those in the emerging economy have grossly neglected their responsibilities and obligations towards the environment and society. SMEs are considered as growth engines for any nation. However, literature has shown that a large percentage of SMEs across the world fail within a few years of their incorporation. This paper aims to verify the relationship between sustainability performance and business growth for SMEs in the developing economy. Design/methodology/approach In the paper, the authors have tried to develop a model taking a sample of 200 SMEs from Indian leather and chemical sectors and find out how the factors like collaborative synergy and government policy initiatives impact the sustainability performance of small and medium firms and how in turn, their improved sustainability performance helps them to drive sustainable business growth. Data were mainly collected through primary survey and also from the company websites. Findings Empirical results of the study reveal that both policy initiatives and collaborative synergy positively influence the firm’s sustainability performance and, in turn, the company’s business growth is positively impacted by their enhanced sustainability performance. Company size was found to have a moderating effect on this relationship. Originality/value There are theoretical and conceptual papers elaborating on the importance of adoption of sustainability practices in SME business operations but no empirical study has been conducted to mathematically relate the factors of sustainability and business growth. The authors have tried to build a model relating the factors of sustainability improvement with those of the business growth of the firm and also verified the influence of control variables like company size on the proposed relationship.
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Irani, Maziar Azimzadeh, Mohd Zulkifli Mohd Ghazali, and Hassan Mohd Osman. "Incorporating Knowledge Sharing As a Sustainable Competitive Advantage with Business Processes." GATR Global Journal of Business Social Sciences Review 1, no. 3 (August 17, 2013): 41–53. http://dx.doi.org/10.35609/gjbssr.2013.1.3(6).
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Objective - This paper aims to clarify the importance of knowledge sharing application in businesses, and to illuminate the effect of knowledge sharing as the key compartment of knowledge management on business process and organizational performance based on current research. Finally, this paper endeavours to suggest a model and some recommendation for future research. Methodology/Technique - A qualitative method based on a comprehensive search of numerous leading databases has been utilized for the purpose of this study. Findings - Knowledge sharing influences organizational performance from diverse aspects like; management, decision making, and production procedure. In knowledge based societies, the ability of a company to create, sustain, and communicate knowledge has a major impact on its performance. Knowledge sharing is the basis of competitive advantage due to its implicit dimension and the complexity to imitate or substitute. Therefore, companies who are capable of achieving a successful knowledge sharing are likely to perform better. Novelty - Knowledge sharing affects business overall performance. Therefore, knowledge sharing should be incorporated into business processes in order to maintain a business, organizational performance at a competitive level. Type of Paper: Review Keywords: Knowledge Sharing; Business Process; Organizational Performance;Organizational Success; Competitive Advantage.
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NEVADO, Pedro Picaluga, José Monteiro BARATA, and Rita Assoreira ALMENDRA. "BOOSTING INNOVATION AND GROWTH THROUGH THE USE OF DESIGN." Journal of Business Economics and Management 17, no. 1 (February 24, 2016): 74–91. http://dx.doi.org/10.3846/16111699.2014.969768.
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The question underpinning this study is: would the incorporation of design throughout every dimension of a company's business pursuing innovation result in higher levels of growth and competitiveness? The paper begins with a brief theoretical approach to the concepts of creativity, design and innovation and identifies some of the traditional company growth strategies. This paper provides, in the context of design management, a first empirical analysis on the relationship between company growth and the investments in design along the value chain, stressing the importance of the phase in which design gets applied for the first time (“momentum”). The empirical analysis was based on data captured from an online questionnaire on the Portuguese manufacturing industry. The multivariate data analysis focused on the analysis of variance and factor analysis. The pa- per has the merit to conclude that the companies growing more sharply apply design from generating ideas to processes and production and extending into the marketing phase.
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Rodríguez-Fernández, Mercedes, Ana I. Gaspar-González, and Eva M. Sánchez-Teba. "Does Diversity in Top Management Teams Contribute to Organizational Performance? The Response of the IBEX 35 Companies." Social Sciences 9, no. 4 (March 30, 2020): 36. http://dx.doi.org/10.3390/socsci9040036.
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This study contributes to the dissemination of the theoretical and empirical knowledge on the Upper Echelons Theory, considering training and demographic diversity in Top Management Teams (TMTs) as a unique feature of companies, in our case, the IBEX 35 companies. Based on the results, we can confirm that the inclusion of women in management teams positively influences the sales of a company and contributes to increasing financial results. Age and knowledge of two or more languages are important factors in achieving an increase in financial performance. From the point of view of business practice, the results obtained are useful for increasing knowledge of which TMT characteristics are valid, which allows for better results and the establishment of responsible organizational policies that promote the inclusion of gender diversity in TMTs. In addition, the results of this study indicate that the incorporation of members of other non-Spanish nationalities would constitute a distinctive feature of a company and would enrich it not only financially, but also culturally.
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Rachmawati, Noor, and Lathifah Hanim. "Notary Role in The Establishment of Foreign Investment Limited Company Based on The Act No. 25 Of 2007 on Investment in Semarang." Jurnal Akta 5, no. 4 (December 15, 2018): 965. http://dx.doi.org/10.30659/akta.v5i4.3939.
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Research on the role of the notary in the establishment of a Foreign Investment Limited Company (PMA) in Semarang aims to determine the role of a notary in the establishment PT.PMA. The research method is normative with library research and regulatory legislation in the field of investment include field research. This study uses a technique of direct communication with the tool in the form of interview guidelines. Interviews are used is free unstructured but questions that do not come out of the subject matter. Based on the results of the study concluded that the role of the notary in the establishment of PT. PMA is based on Act No. 25 of 2007 on Investment in Semarang are procedures that should be implemented is the submission of PMA addressed to the Investment Coordinating Board (BKPM), with regard to this case, the task of the notary help the government provide legal counseling for the parties to the establishment, make Joint Venture Agreement in accordance with applicable legislation and in charge of manufacture of a limited liability company's certificate of incorporation approved by the Minister of Justice and Human Rights of the Republic of Indonesia. In the event of an error PT.PMA establishment, the notary is responsible for the deed change, but the responsibility of the notary in the case of the fraud perpetrated by the founder of the company who act in bad faith, then it becomes the responsibility of the founders of the company. Constraints faced by thebusiness licensing constraints, constraints business domicile, the determination of business areas, administrative requirements and constraints lack of capital to start build a company.Keywords: Role of the Notary; Foreign Investment; Limited Company.
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Makaringi, Singita, Khabane Mokoka, and Jake Schmidt. "The Impact of Aligning the Strategies of CREM with Those of a Corporate Business Using Real Options." Applied Finance and Accounting 5, no. 1 (October 11, 2018): 1. http://dx.doi.org/10.11114/afa.v5i1.3684.
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The article investigates the benefits of incorporating corporate real estate management (CREM) in the main business units of the company. Prior studies have illustrated that CREM unit in major companies is treated as a separately entity with less focus on its contribution to maximization of shareholders’ wealth. This article uses real option approach, specifically Samuelson-McKean (1965) model to extrapolate the value of CREM of listed South African insurance company. The results show that when CREM is insourced and treated as a significant part of the main insurance, shareholders’ wealth is maximised-value of the company increases, total costs are managed and financial parameters increase investment value-volatility can be as high as 100%. Although, the data is on financial services, the results can be replicated in other industries given that the analysed company has exposure to a number of industries.
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Eklinder Frick, Jens, Vincent Hocine Jean Fremont, Lars-Johan Åge, and Aihie Osarenkhoe. "Digitalization efforts in liminal space – inter-organizational challenges." Journal of Business & Industrial Marketing 35, no. 1 (January 6, 2020): 150–58. http://dx.doi.org/10.1108/jbim-12-2018-0392.
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Purpose The purpose of this paper is to analyze the benefits and drawbacks that strategically imposed liminality inflicts upon inter-organizational digitalization efforts within the different phases of its utilization. Design/methodology/approach This study empirically examines digitalization in a large multinational manufacturing company, Sandvik Machining Solutions, using data that were collected through interviews and a qualitative research design. Findings This study shows that a liminal space separated from the structures in which one is supposed to inflict changes increases the risk of developing an incompatible system that will be rejected in the incorporation phase. An inter-organizational perspective on liminality thus contributes to our understanding of the benefits and drawbacks that liminal space can pose for the organizations involved. Practical implications The study suggests that, in the separation phase, driving change processes by creating liminal spaces could be a way to loosen up rigid resource structures and circumvent network over-embeddedness. Finding the right amount of freedom, ambiguity and community within the liminal space is, however, essential for the transition of information as well as the incorporation of the imposed changes. Originality/value Introducing an inter-organizational perspective on liminality contributes to our understanding of the stress that liminal space can place on individuals as well as the individual organization.
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Cannon, Hugh M., and Manfred Schwaiger. "An algorithm for incorporating company reputation into business simulations: Variations on the Gold standard." Simulation & Gaming 36, no. 2 (June 2005): 219–37. http://dx.doi.org/10.1177/1046878104272809.
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Ferreira Schütt, Paula Bruna Victória, Isadora Cristina Hoepers Dutra, and Sonia Regina De O. Santos Luna. "The incorporation of corporate social responsibility guidelines in the organizational culture of Eletrosul." McMaster Journal of Communication 12, no. 1 (January 19, 2020): 35–49. http://dx.doi.org/10.15173/mjc.v12i1.2385.
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Corporate social responsibility (CSR) has been increasingly discussed in the market as well as by academia. The subject first gained prominence in the 1960s due to pressures exerted by society that required more societal and environmental commitment from organizations. This attitude has made organizations re-adapt their management approaches and, consequently, re-think their beliefs and practices. Within this context, this research study analyzed the incorporation of corporate social responsibility guidelines in the organizational culture (OC) of Eletrosul, an electric utility located in Florianópolis, Brazil. Since 2004, Eletrosul has adopted corporate social responsibility as a primary business focus and develops more than 100 socially responsible initiatives per year.
The research methodology utilized in this paper was qualitative, involving documentary analysis and interviews with representatives in different departments of the organization. The main results indicated that the insertion of corporate social responsibility guidelines occurs throughout some elements of organizational culture, especially within its communications. The researchers also determined that the largest number of projects developed by the company are targeted toward their employees and the community, although their employees do not often associate the company’s internal actions as being socially responsible.
Keywords: corporate social responsibility, organizational culture, Eletrosul, Brazil
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Carmichael, Kendra. "AxeCorp’s Team Challenge." Business Communication Quarterly 74, no. 4 (October 19, 2011): 479–85. http://dx.doi.org/10.1177/1080569911423962.
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To prepare business communication undergraduates for a changing work world and to engage today’s tech-savvy students, many instructors have embraced social media by incorporating its use in the classroom. This article describes AxeCorp, a fictional company headquartered on the immersive social networking platform, Second Life, and one particular exercise developed for the “company,” the AxeCorp Team Challenge. This challenge attempts to integrate students’ skill development with their knowledge of communication concepts through the creation of a virtual team.
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Hardman, Jonathan. "Articles of Association in UK Private Companies: An Empirical Leximetric Study." European Business Organization Law Review 22, no. 3 (May 19, 2021): 517–57. http://dx.doi.org/10.1007/s40804-021-00213-3.
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AbstractThe final provisions of the UK’s Companies Act 2006 have now been in force for 10 years. Part of this regime included a new form of model constitution, known as the Model Articles. This article uses empirical data to establish whether the Model Articles have been used in practice or not. To do so, it tracks the constitutions of a sample of companies (those incorporated in Scotland in October 2009) from their incorporation until December 2017. It undertakes a leximetric methodology to code 12 variables across the constitutions, with a 0 being coded for convergence to the default regime and 1 being coded for divergence from the default regime. The results show that the majority of companies do not deviate from the default regime, other than in one respect: most allowed for the ability to appoint alternate directors. More importantly, however, the dataset shows that few of the sample companies amended their articles of association following incorporation, and that there is a strong correlation between certain coding patterns and the presenter, or formation agent, used to incorporate the company.
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Gerner-Beuerle, Carsten, Federico Mucciarelli, Edmund Schuster, and Mathias Siems. "The Illusion of Motion: Corporate (Im)Mobility and the Failed Promise of Centros." European Business Organization Law Review 20, no. 3 (September 2019): 425–65. http://dx.doi.org/10.1007/s40804-019-00157-9.
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Abstract The European Court of Justice’s landmark decision in Centros was heralded as creating the preconditions for a vibrant market for incorporations in the EU. In practice, however, today’s corporate landscape in Europe differs little from that of the late 1990s. Very few large companies have made use of their ability to subject themselves to the company law of a Member State in which they are not also headquartered, and there are few signs suggesting that a ‘European Delaware’ will emerge in the near future. To the extent that Member States have engaged in competitive law-making, this has largely been confined to minimum capital requirements and rules affecting the ease of the incorporation process—areas concerning primarily micro-companies. We argue that the modest effect of Centros is not only a function of limited economic incentives to engage in regulatory competition and regulatory arbitrage, but also of the fact that the applicability of large sections of relevant laws governing corporate behaviour is determined by real seat-like connecting factors which render regulatory arbitrage more difficult. We analyse the boundaries between the lex societatis and neighbouring legal areas, notably insolvency and tort law, and find that the body of rules regulating a company’s outward-facing activities, as opposed to its internal affairs, is largely removed from regulatory arbitrage. It therefore seems likely that the potential benefits of selecting the applicable company law, while remaining subject to a cocktail of other, equally relevant rules, are sufficiently small to be regularly outweighed by the costs of a complex and non-standard corporate structure that is necessary to exercise free movement rights.
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Rawlings, Philip. "“A SACRED TRUST FOR THE FUTURE”: REGULATING INSURANCE, 1800–70." Cambridge Law Journal 77, no. 3 (August 7, 2018): 570–99. http://dx.doi.org/10.1017/s0008197318000570.
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AbstractThe history of commercial law has often been written as if it were merely a product of the common law, disregarding the role played by legislation. The principal exception to this has been work on company law. Until recently, the prevailing view has been that the Companies Acts 1844–62 represented the triumph of the free market and the expulsion of the state from business. But, although these laws did make incorporation easier and granted companies privileges, what this view ignores is that they also imposed regulation, such as obligations to register the company and charges on its assets and to hold shareholder meetings. At the forefront of these legal changes were insurance companies. Yet, in spite of the proliferation of these companies and their role in, for example, the inquiry that led to the 1844 Act, they have been neglected. This may be because, while the successful campaign in 1824 to remove restrictions on access to the marine-insurance market would seem to support the view of legislation driven by free-market ideas, that explanation seems contradicted by the closing of access to the life-assurance market and the imposition of various obligations on life offices in 1870, a time when the liberalisation of company laws seemed at their peak. Neither development can, however, be so easily explained, and both show the effect of fierce divisions within the insurance industry.
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Barrett, RI. "Towards Harmonised Company Legislation — ‘Are We There Yet’?" Federal Law Review 40, no. 2 (June 2012): 141–59. http://dx.doi.org/10.22145/flr.40.2.1.
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The enactment of uniform companies legislation in 1961-2 was a significant achievement for a country in which, a century earlier, multiple incorporations of the one body was the norm and a court of one colony questioned the existence of corporate personality created by the law of another. After Federation, business interests increasingly sought uniform State laws. They opposed centralised regulation which, in any event, was beset by constitutional difficulties. Commonwealth legislation eventually became the preferred model as shortcomings of uniform and co-operative mechanisms were progressively exposed. Yet fully harmonised corporations legislation still does not exist. In this paper presented to the 2011 Hartnell Colloquium at the Centre for Commercial Law, Australian National University to mark the fiftieth anniversary of the Uniform Companies Acts, the author sketches the development of Australian companies legislation over the last 150 years.
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Vayas-Ortega, Germania, Cristina Soguero-Ruiz, Margarita Rodríguez-Ibáñez, José-Luis Rojo-Álvarez, and Francisco-Javier Gimeno-Blanes. "On the Differential Analysis of Enterprise Valuation Methods as a Guideline for Unlisted Companies Assessment (II): Applying Machine-Learning Techniques for Unbiased Enterprise Value Assessment." Applied Sciences 10, no. 15 (August 2, 2020): 5334. http://dx.doi.org/10.3390/app10155334.
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The search for an unbiased company valuation method to reduce uncertainty, whether or not it is automatic, has been a relevant topic in social sciences and business development for decades. Many methods have been described in the literature, but consensus has not been reached. In the companion paper we aimed to review the assessment capabilities of traditional company valuation model, based on company’s intrinsic value using the Discounted Cash Flow (DCF). In this paper, we capitalized on the potential of exogenous information combined with Machine Learning (ML) techniques. To do so, we performed an extensive analysis to evaluate the predictive capabilities with up to 18 different ML techniques. Endogenous variables (features) related to value creation (DCF) were proved to be crucial elements for the models, while the incorporation of exogenous, industry/country specific ones, incrementally improves the ML performance. Bagging Trees, Supported Vector Machine Regression, Gaussian Process Regression methods consistently provided the best results. We concluded that an unbiased model can be created based on endogenous and exogenous information to build a reference framework, to price and benchmark Enterprise Value for valuation and credit risk assessment.
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Thirumuruganathan, Saravanan, Soon-gyo Jung, Dianne Ramirez Robillos, Joni Salminen, and Bernard J. Jansen. "Forecasting the nearly unforecastable: why aren’t airline bookings adhering to the prediction algorithm?" Electronic Commerce Research 21, no. 1 (January 13, 2021): 73–100. http://dx.doi.org/10.1007/s10660-021-09457-0.
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AbstractUsing 27 million flight bookings for 2 years from a major international airline company, we built a Next Likely Destination model to ascertain customers’ next flight booking. The resulting model achieves an 89% predictive accuracy using historical data. A unique aspect of the model is the incorporation of self-competence, where the model defers when it cannot reasonably make a recommendation. We then compare the performance of the Next Likely Destination model in a real-life consumer study with 35,000 actual airline customers. In the user study, the model obtains a 51% predictive accuracy. What happened? The Individual Behavior Framework theory provides insights into possibly explaining this inconsistency in evaluation outcomes. Research results indicate that algorithmic approaches in competitive industries must account for shifting customer preferences, changes to the travel environment, and confounding business effects rather than relying solely on historical data.
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Hąbek, Patrycja, and Justyna Czarnecka. "Incorporating Sustainability into Supplier Development Process." Multidisciplinary Aspects of Production Engineering 4, no. 1 (September 1, 2021): 355–64. http://dx.doi.org/10.2478/mape-2021-0032.
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Abstract Nowadays companies are more and more often expected to take responsibility for social and environmental impacts of their activities. When doing business social responsible company takes into consideration a wide range of its stakeholder’s expectations but also spread the social and environmental responsibility idea within the supply chain. Suppliers are the key stakeholders which directly influence the producer in terms of costs and quality of the offered products. However suppliers who offer high quality materials or components at an attractive price but at the same time not paying attention to their social and environmental impacts may devastate the buyer sustainability performance. Therefore the companies are trying to support suppliers in assuring their social and environmental responsibility as with this approach both sides benefit. In the study the authors used the case study method to present the proposal of integrating sustainability issues into already functioning supplier development process of a manufacturing company.
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Lee-Davies, Linda. "Ethical CSR Leadership." International Journal of Sustainable Entrepreneurship and Corporate Social Responsibility 2, no. 2 (July 2017): 1–22. http://dx.doi.org/10.4018/ijsecsr.2017070101.
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The incorporation of corporate social responsibility (CSR) in organisational strategic plans is now a norm and likely to remain a regular and increasingly significant component of the business planning activities of organisations in the future. This article looks at the ethical and non-ethical reasons company leaders have for the inclusion of CSR policies in their vision from the recent evolution of CSR to provide a Socratic forum on which the reader can begin to define ethical leadership of CSR. By investigating whether the CSR is a proactive people-led passion or a followed fiscal fashion, and examining its component parts by using an equation, it becomes clear there are many levels of reason for adopting CSR principles and practices in an organisation. This comment is then threaded through many levels of the organisation as the argument progresses to explore the impact of implementing CSR policies on different types of stakeholders. This is for the purpose of bringing into question and highlighting the ethical leadership skills necessary for successful CSR practice throughout the business, not just for the present but for the coming decades.
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Friel, Daniel. "Forging a comparative institutional advantage in Argentina: Implications for theory and praxis." Human Relations 64, no. 4 (March 8, 2011): 553–72. http://dx.doi.org/10.1177/0018726710396244.
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This article argues that the incorporation of a revised version of the varieties of capitalism approach into international business literature and institution-based theory in strategy would enable scholars and practitioners to improve their understanding of how individual institutions and combinations thereof provide a basis for developing human resource practices suited to emerging markets. It elaborates on the varieties of capitalism approach by coining the term recessive institution to describe how firms draw on latent institutions to pursue policies not in accord with the dominant institutional context in which they operate. This article draws on the varieties of capitalism approach for Latin America to demonstrate how an industrial district and a large company in Argentina formed a comparative institutional advantage for producing mid-range, high quality products by using recessive institutions. It concludes by highlighting this article’s implications for human resource scholars and executives while also suggesting avenues for future research.
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Breckova, Pavla, and Michal Karas. "Online technology and promotion tools in SMEs." Innovative Marketing 16, no. 3 (September 3, 2020): 85–97. http://dx.doi.org/10.21511/im.16(3).2020.08.
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Online technologies are currently the most dynamically developing industry, both in product creation and promotion. The study focuses on their incorporation into the SME (small and medium enterprises) segment, which comprises the most economically stable element of any European economy. This paper aims to identify and evaluate dependency in the area of online technologies and promotion tools use in small and medium enterprises (SMEs) related to company age and export involvement. Most research on SMEs focuses on external influences and factors, while this article reflects the internal environment of business entities, which is the source of this study’s originality. The hypotheses were validated by an empirical study of a sample of 743 respondents (companies and entrepreneurs, including family businesses). The research method was a combination of CATI and CASI, and the research tool was a structured questionnaire. To analyze the survey results, the Chi-square test of independence was applied. The key finding was validation of the dependence between the use of the online tools for manufacturing and promotion and the export focus of companies. Companies operating on foreign markets use a wider range of online tools for their business than companies focused on the domestic market. On the other hand, the presumed significant differences in the use of online tools between young businesses and companies long-term established on the market were not confirmed. Acknowledgment The authors are thankful to the Technology Agency of the Czech Republic, University of Technology in Brno and University of Finance and Administration in Prague, Project No.: “TL02000434 Rodinné podniky: generátory hodnoty a určování hodnoty v procesu nástupnictví” for financial support to carry out this research.
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Shewell, Patricia, and Stephen Migiro. "Data envelopment analysis in performance measurement: a critical analysis of the literature." Problems and Perspectives in Management 14, no. 3 (November 10, 2016): 705–13. http://dx.doi.org/10.21511/ppm.14(3-3).2016.14.
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This study examines the benefits of data envelopment analysis (DEA) in evaluating the performance of decision making units (DMUs). DEA is a mathematical programming tool applied in performance measurement. The problem identified is establishing business support units as value adding business units. A case is made for applying DEA when evaluating the performance of such business support units. To this end, a literature review of the results of applications of DEA to the evaluation of information technology and purchasing supply chain management functions was conducted. The findings indicate the benefits of DEA are that the method identifies efficient performers in a given population and, therefore, allows for benchmarking against the ’best in class’ performer. This as opposed to more commonly used parametric methods, such as regression analysis, which result in a comparator that represents the average performance for a given population, therefore, allowing only for measurement against the average. In addition, the findings indicate that in respect of business support units, the DEA methodology allows for the incorporation of intermediate outcomes, which facilitates the measurement of the contribution of these units to overall company performance. Although the DEA methodology has been widely applied, it is still not as well known or generally applied as the more common approaches. The recommendations made in this paper will be beneficial in bringing DEA to the attention of decision-makers. The recommendations will also raise awareness of the potential benefits to be realised when applying the method in developing performance measurement frameworks for business support units. Keywords: performance measurement, data envelopment analysis, decision making units, business support units. JEL Classification: C61, L25
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Almadi, Madi M. "Organizational Governance, Board of Directors, and the Influence of Context in Emerging Markets." International Journal of Business and Management 10, no. 12 (November 19, 2015): 116. http://dx.doi.org/10.5539/ijbm.v10n12p116.
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This paper aims to build corporate governance theory to inform company success in the context of emerging markets. Success for a company listed in an emerging market is contingent on being able to effectively manage a range of business, economic, social and political considerations unique to that emerging country. This paper explains the significance of incorporating context with corporate governance systems to inform how can organizational governance and board of directors affect firm performance. Theory developed in the context of emerging markets provides the basis for more widely applicable emerging stock market insight into theory of context and practice of corporate governance.
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Marques, Ana Paula Lemos Baptista. "A Função Social da Empresa no Código Civil Sob a Ótica da Empresa Individual de Responsabilidade Limitada." Revista de Ciências Jurídicas e Empresariais 19, no. 1 (August 8, 2018): 70–75. http://dx.doi.org/10.17921/2448-2129.2018v19n1p70-75.
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O presente artigo visa a abordar o papel de empresa no cenário contemporâneo e a presença marcante de sua função social, para o desenvolvimento da economia, das inovações tecnológicas e também para geração de empregos nos diversos postos de trabalho. Visto que, a sociedade individual limitada, além da viabilidade jurídica de sua inserção no ordenamento pátrio, também favorece os diversos setores da sociedade, que buscam regularização. Igualmente destaca que, embora a teoria da empresa tenha atravessado diferentes contextos, recentemente, o foco é a empresa em si, e não mais os atos empresariais. Nesta toada que, a empresa individual de responsabilidade limitada (EIRELI) ingressa aos modos de constituição de empresa no Brasil, sendo formalizada pela Lei n° 12.441/2011, que alterou o Código Civil e permitiu que uma única pessoa pudesse formar uma empresa. Espera-se verificar, no atual estágio, que este diferencial, que torna a responsabilidade limitada um aspecto positivo, pois a partir de agora favorece o empresário individual que, anteriormente, havia apenas a possibilidade de responsabilidade ilimitada, ou seja, mesmo que agisse como empresa, a pessoa natural seria atingida. O método utilizado é o indutivo, o qual, pela observação de questões particulares, permite que se extraiam conclusões gerais.Palavras-chave: Empresa. Função Social. Responsabilidade Limitada.AbstractThe present article aims to address the business role in the contemporary scenario and the marked presence of its social function, to the development of the economy, technological innovations and also to generate jobs in the work stations. Since the limited individual society, in addition to the legal feasibility of its inclusion in the country’s legal system, also favors the various sectors of society that seek regularization. It also points out that although company theory has gone through different contexts recently, the focus is on the company itself, and not on business acts anymore. In this context, the individual limited liability company (EIRELI) enters into the Brazilian company’s incorporation, being formalized by Law No. 12.441 / 2011, which amended the Civil Code and allowed a single person to set up a company. It is expected to verify at the current stage that this differential, which makes limited liability a positive aspect, since from now on it favors the individual entrepreneur that previously there was only the possibility of unlimited liability, that is, even if it acted as a company, the natural person would be affected . The used method is inductive, which, by observing particular questions, allows for general conclusions to be drawn.Keywords: Company. Social function. Limited Liability.
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Sseyonga, Muyanja. "WHAT A FIRM TAKES TO COMPETE IN CONDITIONS OF ECONOMIC ADVERSITY." Gadjah Mada International Journal of Business 5, no. 1 (January 12, 2003): 109. http://dx.doi.org/10.22146/gamaijb.5398.
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This article attempts to identify the key factors that underpin thesuccess of firms in conditions of economic distress. Such factors encompass astute management with the skill and experience in a variety of competitive moves and maneuvers; adoption of low-cost -low price strategies; more use of scenario planning rather than mere replication of past company actions; sufficient liquidity to exploit opportunities availed by economic downturn;and exploiting the advantages of knowledge management. Better incorporation of information technology, proper use of currency risk management methods, smart globalization that incorporates both government and non-government elements, favors the formation of joint ventures with local businessmen, and investment of ample time in the understanding the customs, values, and traditions of local societies elevate company’s com-petitive advantages over rivals which enhances the company’s capacity to deal with economic distress. It is incontrovertible, however, that the success of firms must be backed by strong and appropriate macroeconomic management by governments with respect to fiscal, monetary and trade policies.
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Hatchaleelaha, Somchai, and Winai Wongsurawat. "Multilevel marketing and entrepreneurship in Thailand." Journal of Research in Marketing and Entrepreneurship 18, no. 1 (July 11, 2016): 146–60. http://dx.doi.org/10.1108/jrme-04-2015-0025.
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Purpose The purpose of this research is to trace the development of a major player in the health/wellness direct sales industry in Thailand and draw lessons about growth strategies and approaches in dealing with common entrepreneurial challenges. Design/methodology/approach In preparing the case study narrative, primary data from the direct experience of the company founder were combined with secondary sources of information on the landscape of direct sales industry in Thailand. Key lessons were developed from discussion and reflection on experiences of people involved in the development of the company. Findings A multi-billion baht, direct sales business with over 100,000 members was built from the ground up in a span of one decade. Recruiting and retaining members with the right level of entrepreneurial drive is a constant challenge for the growing venture. Incorporating new technology to help manage information about members, customers and stock will play a central role in creating future growth opportunities. Research limitations/implications The research represents a single case study so generalization is naturally limited. Originality/value Direct sales entails a considerable amount of stigma, resulting in a limited number of frank and detailed analysis of such businesses and their founding entrepreneurs. This study represents an attempt to fill this gap and will hopefully stimulate more investigation into a business model that appears to be thriving in many emerging economies in Southeast Asia.
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KOGAN, Anton B., and Alina N. PRISTAVKA. "Company performance measurement systems: History and prospects." Economic Analysis: Theory and Practice 20, no. 1 (January 28, 2021): 81–106. http://dx.doi.org/10.24891/ea.20.1.81.
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Subject. The article considers the most well-known Performance Measurement Systems, i.e. Strategic Measurement Analysis and Reporting Technique (SMART), Balanced Scorecard System (BSC), Integrated Dynamic Performance Measurement System (IDPMS), Performance Prism System (PPS), Dynamic Multi-Dimensional Performance Model (DMP). Objectives. We focus on identifying the specifics of the analyzed systems and determining the direction of their development. Methods. The study employs general scientific methods. The specifics of efficiency measurement systems are described and compared by a single set of parameters (the composition of stakeholders, whose interests are taken into account, practical applicability, dynamic adaptability, the presence of links between strategy and technological operations, innovation, etc.). Results. We analyzed the said efficiency measurement systems, described their strengths and aspects that need to be developed in further research. The findings can be used to create a system to measure the performance of Russian manufacturing and trading companies that produce goods for individual consumers. Conclusions. The systems like SMART, BSC, IDPMS, PPS and DMP are significant developments that help companies achieve their goals. These systems are universal. They serve as a methodological framework for creating a particular system for measuring a company's performance, taking into account its industry-specific requirements. These systems enable to solve some economic and management problems, but do not allow, for example, to determine the optimal business model of the company. It is appropriate to develop efficiency measurement systems by incorporating the value-based management principles.
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Migiro, Stephen, and Patricia Shewell. "Finance Function Performance Measurement-A Data Envelopment Analysis Approach." Journal of Economics and Behavioral Studies 9, no. 6 (January 15, 2018): 109–21. http://dx.doi.org/10.22610/jebs.v9i6.2009.
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The practice of measuring performance of the finance function as a business support unit is not widespread. This study assessed the importance of measuring finance function performance, by ascertaining whether such measurement facilitates identification of the relative efficiency of business finance functions, and by establishing its impact, if any, on overall company performance. Focussing on a sample of companies in the South African Freight Forwarding industry, a performance metric was developed and implemented to measure finance function performance. Relative finance function efficiency was then evaluated using inputorientated data envelopment analysis (DEA) to identify ‘best in class’ performance and to benchmark participants’ performance. Further, value chain DEA (VC-DEA) was applied to evaluate finance function efficiency simultaneously with overall company efficiency. Results show that implementation of the performance metric together with DEA facilitated the benchmarking of the finance functions of the sample group and the establishment of improvement targets for the finance functions determined as inefficient. In addition, a link between overall company performance and finance function performance in terms of inputs was confirmed; however, this link was not conclusively established as regards finance function performance in terms of outputs. The contribution of the study includes confirmation that implementation of the performance metric together with DEA facilitates the critical evaluation of finance function performance, thus establishing the importance of measuring the performance of the finance functions. In addition, incorporating the use of DEA in a performance framework for the finance function as a business support unit has extended the range of applications of DEA.
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van der Eijk, Yvette, Lisa A. Bero, and Ruth E. Malone. "Philip Morris International-funded ‘Foundation for a Smoke-Free World’: analysing its claims of independence." Tobacco Control 28, no. 6 (September 21, 2018): 712–18. http://dx.doi.org/10.1136/tobaccocontrol-2018-054278.
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The Foundation for a Smoke-Free World was launched in September 2017 with an announced 12-year funding commitment of $1 billion from Philip Morris International (PMI). The Foundation claims that its governing documents (certificate of incorporation, bylaws and a pledge agreement) ensure that it has an independent research agenda and stringent protections from conflicts of interest. We analysed the text of these governing documents. Their provisions have multiple loopholes, particularly regarding conflicts of interest. Further, these documents cannot substitute for other important documentation such as information about PMI’s internal business case for investing $1 billion in the Foundation, an unwaivable conflict of interest policy, annual disclosure statements, copies of pre-Foundation establishment correspondence between key individuals, all signed contracts or salary information, none of which, as of July 2018, the Foundation has made publicly available. Even if these were released, however, it is problematic that the Foundation’s fundamental purpose was decided on and its leader selected following a tobacco company-paid, privately negotiated arrangement with the Foundation’s president. It cannot be regarded as independent.
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Tereliansky, P. V., and A. S. Zyabkin. "Digital technologies and development of new services based on the housing services company." E-Management 3, no. 1 (May 20, 2020): 50–58. http://dx.doi.org/10.26425/2658-3445-2020-1-50-58.
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The object of the study are the processes of incorporation of digital technologies in the activities of subjects of the housing and communal services market. The information and telecommunication technologies have been analysed in the paper, the use of which allows us to expand the range of services provided to residents of apartment buildings by management organizations in the field of housing and communal services. Factors and conditions of diversification of services of management companies due to introduction of “Uber-technologies” have been considered. One of the tools of digitalization of housing and communal services is the so-called “uberization”. “Uberization” of housing services in large cities has significant economic potential. As of the end of 2019, commercial projects of “uberization” of housing services in Russia are at the stage of pilot testing. At the same time, Russia has a rather unique situation – there is a “goal – setting” on the part of the state, institutionalized by regulations, state national and Federal programs, and most importantly-there is a request from the society, since such services are technologically little different from buying food on the Internet or ordering a taxi. The development of “Uber-technologies” is impossible without a comprehensive solution to the problems of modern digital society, which can really have an impact on the work of a mass digital platform. These issues include: ensuring human rights in the digital world, including the identification and preservation of the user’s digital data, as well as the problem of ensuring the trust of citizens in the digital environment; threats to the individual, business and the state associated with the trends of building complex hierarchical information and telecommunications systems that widely use virtualization, remote (cloud) data storage, as well as heterogeneous communication technologies and terminal devices.; expansion of opportunities for external information and technical impact on the information infrastructure, including critical information infrastructure; growth of computer crime scales.
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Yu, Jae Eon. "Incorporating knowledge management as HRD strategy: the case of a Korean electronics company." Journal of Organisational Transformation & Social Change 2, no. 3 (December 2005): 187–212. http://dx.doi.org/10.1386/jots.2.3.187/1.
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