In recent years, the economic growth and, consequently, the competitiveness of the economy have become small and medium-sized enterprises and entrepreneurs. By creating new entrepreneurial shops or ...small businesses, a certain number of unemployed can be absorbed and an increase in the employment rate. At the same time, newly founded organizations create added value, increase demand for products of other companies, which contribute to the growth of gross domestic product and the improvement of national competitiveness. Their role is particularly significant in transition countries facing high unemployment, low level of economic activity, insufficient competitiveness and lack of investment, and where large inefficient state-owned enterprises are still present. Also, these business entities usually introduce a large number of innovations and contribute to increasing the dynamism of the economy and improving national competitiveness. Given that entrepreneurs employ a large number of workers, they have a significant share in the gross domestic product and lead to the improvement of national competitiveness, the problems of this work are also devoted to the situation and perspectives of the development of entrepreneurs and entrepreneurship in our country in order to encourage the development of the same.
Businesses have to deal with many potential risks in the supply chain, especially during the COVID-19 pandemic. The retail market in Vietnam has great potential for long-term development with the ...birth and rapid development of domestic supermarkets. However, market opening policies have resulted in fierce competition from a large number of foreign supermarkets. At the same time, customers have become more professional in their approach to shopping and carefully consider any decisions about shopping and the use of services at supermarkets. In this study, the authors use three models (i.e., the SERVQUAL model, the binary logistic model, and the Grey model) corresponding to a three-dimensional frame of reference (i.e., past, present, and future) to provide supermarket managers with a multi-dimensional view of the supermarket business situation. The results identify four factors-namely, quality of goods, personnel, safety, and facilities and equipment-that significantly impact customer satisfaction. The second frame of reference shows that factors such as age, academic level, and income affect the decision to reuse any service at the supermarket. The third frame of reference provides supermarket managers with forecast data about the supermarket business situation for 2021 to 2024. These results provide a solid foundation for supermarket managers seeking to develop strategies and take measures to adjust business activities to achieve the best business efficiency and avoid potential risks in the company's supply chain. In addition, the results of this study are valuable references for researchers in the fields of customer service, supply chain management, and customer behavior. In particular, the factors obtained in this study will greatly strengthen the scientific value of the service sector and the model of retail supermarkets in Vietnam and other countries around the world. In fact, the business strategy of supermarkets still depends on the spread of COVID-19. Therefore, in the future, it is necessary to combine the results of this study with the experience of managers to develop the right business strategies and achieve further results and sustainable development.
The issue of measuring and evaluating the enterprise performance and efficiency remains an open question, as identification and management of the financial health still represent a prerequisite for ...improving strategic management decision-making processes. In this regard, the aim of paper was to evaluate the performance and efficiency of the Slovak medical spa sector for the period 2012- 2017, to examine the possible interconnection of these two dimensions of entrepreneurial activity as well as to emphasize the importance of financial situation assessment in order to develop management control system of enterprises. The results of spa sector performance measured by the Economic Value Added and efficiency quantified on the basis of linear programming using the Simplex Method revealed significant shortcomings, since both dimensions were evaluated as average and inadequately profitable for shareholders. Detailed monitoring of the development and identifying the current state of performance and efficiency of the analysed spa companies is a fundamental starting point for financial managers within the implementation of new tools, techniques and systems for their continuous improvement. Thus, performance efficiency management is essential to achieve sustainable success, goals, plans, strategies and competitive position of enterprises.
This research was undertaken in Kota Bengkulu Provinsi Bengkulu. There were fifty eight fruit traders were censused method. They devided in two based on their type of services: fourty three for ...static services and fifteen for mobile services. All of them were interviewed to obtain information about their reasons for selecting their services. Descriptive analysis, income and R/C ratio are use in this research. The main reason to select static service is that they trade in local government licensed area. Second reason is that thier target customers and consumers often shop in traditional market and had medium income. While mobile traders, the easyness to find customers and consumers are the main reason and traders can move from one to another place. The static traders earned Rp. 4.064.236,36 and mobile traders Rp. 5.007.664,29 per month. R/C Ratio of static is 1,11 and mobile 1,16. Both of them were efficient because R/C Ratio were higher than 1.
In the past few decades, egg producers have faced numerous difficulties, including reduced egg consumption due to consumer concerns about egg cholesterol content, egg production's adverse ...environmental effects, a ban of conventional cages for rearing layers etc. Therefore, egg producers in Serbia need to constantly monitor their business efficiency indicators and strive to manage costs. In this study, four farm models were formulated to analyze their production costs and to establish and compare the values of economic efficiency indicators, before and after the transition to an enriched cage system, as well as with and without the possibility to produce and process part of feed components for complete mixtures for layers. According to obtained results, transition to an enriched cage system on the observed farms would cause an increase in total production costs between 5.1 and 5.3% and the purchase of complete mixtures on the market, between 2.3 and 5.8%. Also, anticipated organizational changes would have a negative effect on most economic efficiency indicators, reducing them by 5.2-49.5%, but would also lead to productivity improvement for the farm with the semi-automated production process.
Abstract
Purpose
This research is to determine scenarios and perspectives for improving the cluster strategy of business integration in the post-COVID-19 era with the help of the methodology of the ...game theory.
Design/Methodology/Approach
The methodology of this research includes the complex method, statistical method, correlation analysis and the game theory of decision-making.
Findings
Based on the analysis of scientific approaches, we formulate the authors' treatment of the essence of the notion of clustering, which characteristics are evaluated in this work. In this treatment, we distinguish factors that influence the development of clustering of business structures of the state, which level is assessed within the analysis. The components of the competitiveness of business structures are among such factors. Cluster structures of certain countries successfully functioned during the COVID-19 pandemic, using effective strategies created independently (United States) and based on the strategies of non-market regulation (China).
Originality/Value
The scientific novelty of this research consists in the identification of the types and characteristics of the strategies of clustering of business structures formed during the COVID-19 and post-COVID-19 eras.
It has been proved that in modern conditions for the election of the strategy of a business entity of automobile industry it is necessary to assess its potential opportunities correctly on the basis ...of the analysis of the internal environment, to make the industry analysis and consider other external factors. The article proposes the systematic approach to evaluation of factors of the market attractiveness and the competitive position of such an enterprise. The attention is paid to the problem of business strategy of a business entity justification that is regarded as the basis for determining the leadership position of an automobile transportation enterprise.
The purpose of this study is to analyse the business performance, i.e. business efficiency of the New York Times in the process of its digital transformation. The main methodology used in this study ...is the regression analysis. This research focuses on the financial efficiency of the New York Times in combination with the trend of the number of users. On one hand, the financial stability of the business is investigated, and on the other, the transformation and trend of the number of users are analysed. The comparison of the research results is aimed at answering research questions in the context of the impact of digital transformation on the business efficiency of a corporation. The findings serve as the basis for decision-making in the process of digital transformation of the analysed corporation, and the model can also be used by other players in the media industry (or any other industry) in the process of their digital transformation. Furthermore, this study argues the benefits from the digital transformation of a business and the impact the COVID-19 pandemic had on the acceleration of the digital transformation processes in organizations across the globe.
The aim of this work paper is to suggest efficient model of business efficiency in agro industrial products commerce, by integration of marketing mix instruments - product and price. Marketing ...research provides solid bases for foundation of good and efficient management moment, as an assumption of good market position. Based on determined goals and research objects, using qualitative methods of marketing research, the goal is the establishment of functional model of business efficiency. Another aim is to establish efficient communication model for interested parts, on relation service provider (enterprise), retailer, buyer and consumer in agro industrial products commerce within special market institutions (wholesale markets).
The main objective of this paper was to analyse the performance and efficiency development of the Slovakia's spa sector over the years 2013 - 2017 by applying the selected modern methods of business ...performance evaluation - the Economic Value Added, the Return On Net Assets, the Creditworthy Model, the Simplex Linear Programming Method and examine whether the application of these modern models provides an identical view of the financial performance of the sector surveyed. The intention of the paper was also to reveal statistically significant interconnections between the key EVA indicator and other modern methods. In the case of confirmation of a strong correlation we focused on evaluation the degree of identity with the results of above-mentioned applied methods. Despite the fact that these models evaluate performance on the basis of different input data and indicators, year 2015 was identically identified as the best-performing one, vice-versa, the worst financial performance of enterprises was recorded in 2016 within the application of all methods. At the significance level of p < 0.05, a statistically significant correlation between all pairs of the analysed methods was revealed. However, the strongest positive correlation with the Economic Value Added was confirmed in the case of Simplex Method of Linear Programming (t= 0.536842). This result was also confirmed by the identical assessment of the performance and efficiency development in individual years. Results of the study pointed to close interconnection between the dimension of performance (the EVA indicator) and efficiency (the Simplex Method of Linear Programming), which will be integrated into a new designed Enterprise Performance Model (EPM).
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