Analyzing business development in emerging economies has been a long time focus of theorists. Predilection for asset management or labor effectiveness may present a disparate progression in neighbor ...regions. This paper creates a snapshot of asset management predilection, labor evolution and turnover analysis in Dobrogea region with a correlative perspective of the two indicators. The methodology of our paper is a case study approach, with particular focus on context observation and quantitative analysis of operational and financial metrics. The comparison and contrasts between the two counties of Dobrogea identify interesting divergent issues and a growing concern for business knowledge awareness and sustainable development strategies.
Incorporating sustainable decisions with the retailer’s operational management has attracted enormous significance due to government regulations and customer demand for environmental consciousness. ...However, incorporating sustainable operations may interfere with the operational performance of the firm and, hence, retail companies need to examine the influence of these operations on overall supply chain efficiency. The present study develops a performance measurement model based on a two-stage network data envelopment analysis (DEA) technique for measuring the joint impact of sustainable operations and operational activities on the business performance of a retail company. A case study of an Indian electronic retail chain is presented to reveal the potentiality and suitability of the proposed models. The novelty of the paper lies in establishing DEA models for an Indian retail chain company and for providing an analytical understanding of the conditions under which the strategic decisions at the operational level successfully support the integration of sustainable operations into the SC management. The results show that the additional sustainable constraints lead to improved operational efficiency of some firms of the retail chain and result in improved business efficiency, while for other firms the integration of sustainable objectives decrease business efficiency. The significance of the study lies in providing efficient target conditions for inefficient retail stores to improve their performance. The findings of the study provide meaningful insights to Indian retailers venturing into sustainable retailing operations for enhancing the operational and business efficiency of the supply chain.
Appropriate implementation and organization of logistics activities greatly contributes to the creation of a better business environment in companies. This is reflected in increased business ...efficiency, cost rationalization, increased productivity and better overall quality. In order for a company to achieve sustainability of its business and its competitiveness, the link between the marketing logistics system and other logistics subsystems is particularly evident. Thereby, it is necessary to lead proactive management with a focus on key resources. In this paper, two novel integrated models in fuzzy form have been created. The first model includes the integration of the fuzzy Full Consistency Method (fuzzy FUCOM) and the fuzzy Evaluation based on Distance from Average Solution (EDAS) method for sorting 78 products regarding the following four criteria: quantity, unit price, annual procurement costs and demand. The second model involves the integration of the fuzzy FUCOM method and ABC analysis for the purpose of inventory sorting considering different significance of criteria. A range of values has been formed for each product category within the fuzzy FUCOM and fuzzy EDAS models, on the basis of which their sorting has been performed. The advantages and verification of the developed integrated fuzzy models have been performed through comparison with former traditional approaches. It has been determined based on an extensive sensitivity analysis that the developed models have better performance compared to the existing ones.
Industrial symbiosis (IS) is a strategy that focuses on the exchange of resources between colocated industries. Despite the benefits of IS, companies often face challenges in implementing it, ...primarily due to technical, economic, and information barriers. Therefore, this paper aims to investigate the feasibility of implementing IS among Brazilian companies. To achieve this, a survey was conducted with 201 colocated companies using a previously developed instrument to assess their levels of symbiotic readiness. The findings resulted in the creation of a typology of symbiotic readiness levels, accompanied by practical recommendations for each level. In general, the surveyed companies are making progress toward implementing IS, as evidenced by their attempts to exchange waste and by‐products with other colocated industries. However, overcoming barriers related to information sharing, trust‐building, access conditions, infrastructure, and partnership formation remains challenging. This study provides valuable evidence from an emerging country regarding the readiness levels of companies to implement IS, offering insights and recommendations for managers and public authorities to promote IS. It is important to note that as companies reach mature stages of IS implementation, they can collaborate to transform the conditions of the industrial parks, ultimately fostering future industrial ecosystems.
The crisis represents a disorder that in contemporary society increasingly occurs. Crises are often the result of some earlier solutions. The situation in agricultural production in Croatia has been ...negative for years. Inadequate tax and high administrative burdens act to discourage the production process and impede the competitiveness of farmers. Furthermore, the measures taken to create added value are not enough, they can even be said to be wrong. The current crisis Covide-19 caused a disturbance on the market in terms of trends of supply and demand. The crisis period will show whether the country has an adequate strategy to overcome all the economic problems ahead. The aim of this paper was to analyze the readiness of the Republic of Croatia for crisis periods in terms of food security by analyzing the volume of agricultural production, the balance of foreign trade of agri-food products as well as the structure of total agri-food product trade. The determined trend of increasing deficits in agri-food products in foreign trade balance, particularly with EU countries implies the state's unenviable position regarding the food security indicating the need for implementation of adequate measures in the direction of the market organization and to facilitate investment in sustainable agriculture production systems.
The article discusses issues related to the development trends of the Russian mortgage lending market, reveals the essence and substantiates the relevance of the introduction of virtual technologies ...in the process of providing mortgage loans. The main purpose of the study is to analyze current trends in the Russian mortgage lending market, identify existing problems in the process of providing mortgage loans, and develop proposals for further development and improvement of this type of lending. Particular attention during the study was paid to the peculiarities of the use of virtual technologies in the banking business. The implementation of the research goal is due to the solution of the following tasks: the current state and current trends in the Russian mortgage lending market are analyzed; shortcomings of client banking services in the organization of mortgage lending are indicated; analyzed the features of the use of virtual technologies in mortgage lending and the practice of individual Russian banks using virtual reality technologies when applying for a mortgage; the key business indicators of banks that have implemented virtual technologies are given, and the impact of the increase in the share of mortgage lending on the efficiency of their activities is analyzed. To accomplish these tasks in the course of the study, methods of scientific knowledge were used: logical, analytical, the method of comparative analysis, statistical methods of information processing. As the study showed, at present, mortgages are a key driver of growth in retail bank lending, being a reliable, high-quality and profitable asset in the loan portfolios of Russian banks, and the mortgage lending market itself is promising, dynamic, but still not sufficiently technologically advanced. The use of virtual technologies by banks will improve the quality of customer service, will contribute to the growth of mortgage lending and the further development of technological innovations in the banking sector.
Purpose: Developing and nurturing supply chain dynamic capability is one of the leading solutions to create competitive advantages, maintain growth and sustainable development for businesses. The ...study was conducted to experimentally confirm the impact of supply chain dynamic capability on competitiveness and business efficiency for Vietnamese wood enterprises. Research design, data and methodology: The study surveyed 236 managers of Vietnamese wood manufacturing and distribution enterprises. The authors applied the structural equation modeling (SEM) to analyze the relationship between the dynamic capability of the supply chain and the competitiveness, business efficiency of enterprises to achieve those goals. Results: The results show that businesses owning supply chain dynamic capability will have better competitiveness and business efficiency. Especially, in the context of Vietnamese wood sector, the larger the scale of business, the more profound the impact of supply chain dynamic capability on competitiveness and business efficiency. Conclusions: Focusing on developing supply chain dynamics would be a promising solution to improve the competitiveness of Vietnam's wood enterprises in the global market. KCI Citation Count: 1
The economic crisis generated by the coronavirus pandemic has acted as an accelerator for the digital transformation of almost all economic entities, as a result of which it has become a massive ...phenomenon. However, this situation has shown that the practical development of digital transformation as a tool for business management in the digital economy requires its theoretical understanding, the formation of a theoretical basis and a scientific definition of the essence of digital transformation of companies. In particular, one of the key problems in the implementation of digital transformation at the present time is the assessment of its effectiveness, since in most cases it does not always end successfully. At the same time, knowledge of approaches and criteria for the effectiveness of digital transformation can improve the quality of its implementation. The purpose of the study is to study approaches to assessing the effectiveness of digital transformation, to determine its nature and essence at a theoretical level, as well as to conduct an econometric analysis of the contribution of digital transformation to achieving the company's efficiency.
In the course of the study the existing approaches to defining the essence of digital transformation were studied, its key elements that make up the basis were established, and the existing approaches to assessing the effectiveness of digital transformation of a company and its impact on business efficiency were studied. The absence of a unified approach to assessing the effectiveness of digital transformation and the main reasons for this problem have been established. Based on the results of the regression analysis of a sample of the largest companies of the pre-digital era, implementing digital transformation, the formulated hypothesis about the impact of digital transformation on the short-term performance of the company (profitability) was refuted, which allowed us to assume the strategic nature of this tool, the results of which are formed over a lag of time.
When writing the article, various scientific research methods were used: deduction and induction when conducting empirical analysis of the activities of companies implementing digital transformation, analytical methods and regression analysis.
The obtained results of the study contribute to the development of the theory of assessing the effectiveness of digital transformation of business, anti-crisis management and determine the directions for further theoretical developments.
Being essential in the conditions of a dynamic economic environment, assailed by numerous changes, profitability is the expression of any entity earnings, and obtaining the profit as a measure of ...profitability (income increase in relation to the reduction of costs) represents the main objective of the activity of an economic entity. The purpose of this article is evaluation the state of profitability and assessing the risks using the financial diagnosis of profitability, as a measure of monitoring the financial health of the entity. Research shows that the financial diagnosis of profitability gives us a realistic view of the entity's financial health by identifying risks, strengths and weaknesses, vulnerabilities, of any threats that may arise in relation to business efficiency. The diagnosis of the state of profitability represents a measure of prevention of risks that threaten the development of the business entity, which allows the formulation of financial recovery paths of activity, to be used by stakeholders to justification of opinions.
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