business efficiency
Recently Published Documents


TOTAL DOCUMENTS

360
(FIVE YEARS 177)

H-INDEX

10
(FIVE YEARS 2)

Author(s):  
Elena Orehova ◽  
Irina Korovnikova ◽  
Galina Korovnikova

Modern conditions impose special requirements to the assessment of economic entities. Efficiency is an important parameter of the activity of any business. The present research involved a critical analysis of standard methods for assessing the effectiveness of both domestic and foreign practices. The analysis revealed a need to apply new approaches to business efficiency assessment because the standard approach is not systematic and its indicators repeat themselves. The article offers a new conceptual methodological approach to understanding the term efficiency. The new methodological concept is hybrid in nature and includes classical economic, financial, and institutional methods. It also adopts some methods and approaches from management and natural sciences. The authors built a comprehensive model for assessing the effectiveness of an economic entity in modern conditions. It is based on the idea that the optimal methods are those that do not use relative indicators. This model includes three levels of indicators: standard, qualitative, and synergistic. The new approach is systemic and corresponds to modern economic environment, which resolves the issue of relative performance indicators.


2022 ◽  
Vol 6 (1) ◽  
pp. e422
Author(s):  
Dylan Cromhout ◽  
Rodney Duffett

A number of SMEs lack the essential marketing skills, knowledge, tools and resources, and financial access to ensure the survival of their businesses. Service learning could be used as an effective pedagogy for assisting SMEs with vital marketing communication (MC) strategies via the development of tools and resources that may increase business growth and sustainability. The primary research objective was to evaluate SMEs’ satisfaction regarding performance factors, and student developed MC tools and resources that were implemented via a MC service learning programme (in the form of student-run agencies). The inquiry utilized the triad service learning model and quality assurance cycle to apply an evaluation research design that was substantiated by the expectancy-disconfirmation paradigm. A survey was conducted among 107 SME owners and managers via a structured questionnaire. The student developed MC tools and resources and their perceived usefulness resulted in a positive influence on a number of performance factors among SMEs. MC tools and resources such as a customer database, email address, and Facebook page had the largest influence on performance factors. Performance factors such as an increase in sales, new customers, brand awareness, competitive advantage, business efficiency, and motivation of employees were found to have a positive influence SME satisfaction. Further inquiry could replicate the study via various marketing-related service learning programmes in different countries that have divergent cultures, economics and contexts.


2022 ◽  
pp. 1154-1176
Author(s):  
Aishwarya Subramanian ◽  
Priyadarsini Kannan Krishnamachariar ◽  
Manish Gupta ◽  
Raj Sharman

In an enterprise software development, DevOps is a practice of integrating development and operations to deliver cost-efficient, improved quality solutions to the customer by automating the existing processes to achieve “continuous delivery.” In the current dynamic IT Ecosystem where there is a rising need to prove a competitive edge to maximize profitability, it is pivotal to drive business value with profound emphasis on quality. Agile enables us to take calculated risks during development whereas its affinity to adopting DevOps will promote continuous delivery with reduced friction to improve business efficiency. As this approach requires a change in people, process, technology, culture, usage of right tools and techniques, the early involvement of IT Auditors during the process of transformation could aid to build effective Risk Management strategies to handle organizational challenges. This article aims to present a risk-based audit approach to effectively use audit tools and techniques in an Agile-DevOps transformation environment to achieve maximum business value.


2021 ◽  
Vol 12 (1) ◽  
pp. 26-42
Author(s):  
Najaa Abd Mubin ◽  
Azmawani Abd Rahman ◽  
Nitty Hirawaty Kamarulzaman ◽  
Raja Nerina Raja Yusof

Halal industry is expanding worldwide, and it requires strong supply chain management to enhance halal business efficiency and preserve credibility through halal logistics process. However, studies on halal logistics remain limited and isolated. Thus, this study aimed to understand the impact of stakeholders on halal logistics practices among Malaysian halal-certified manufacturers. The primary objectives of this study are to examine the underlying dimensions of halal logistics practices, investigate the level of halal logistics practices, investigate the extent of stakeholders' influence on halal logistics practices, and explore the relationship of halal logistics practices towards supply chain performance. Based on the data collected through a questionnaires survey from 270 managers from halal-certified manufacturers, SPSS and SmartPLS were used to test the hypotheses. The findings of the study indicated that operational dimensions are the most practiced dimensions of halal logistics amongst firms. Meanwhile, competitors, government, NGOs, community media and society, and customers significantly influence the adoption of halal logistics practices. Importantly, halal logistics practices are positively related to supply chain performance. This study has extended the feasibility of stakeholder theory in the sense of halal logistics to the scope and comprehensiveness of stakeholders. The outcome of this study provides important implications to both academics and practitioners, particularly in the halal industry.


Author(s):  
Ho Dinh Phi ◽  
Ngoc Nguyen Bich ◽  
Tung Tran Van ◽  
Minh Bui Quang

Management accounting is a reliable source of information in business activities. However, up to now, there have not been many complete and systematic studies on the factors affecting and the interaction between the implementation of management accounting and the business performance of enterprises. This is a challenging issue for policymakers and business managers. This study, using data from a survey of 370 SMEs in the Mekong Delta, applied the Partial Least Squares-Structural Equation Modeling in the analysis. The research results show that there is a positive linear relationship between management accounting and business efficiency of enterprises through the intermediate factors of management efficiency. Factors affecting the implementation of management accounting include enterprise size, market competition, business owner awareness, and professional qualification of the accounting team.


2021 ◽  
pp. 93-100
Author(s):  
O. V. Haran

The article is devoted to the disclosure of certain issues concerning the understanding of the essence of the category “factoring” as an important component of financial services through the prism of today’s challenges. It is determined that the concept of factoring (financing under the assignment of the right of monetary claim) is not enshrined in civil law. It was stressed that the economic crisis has exacerbated the problem of limiting financial resources and providing quality financial services, which leads to the search and implementation of innovative types of financial services and needs to improve the transmission mechanism of monetary policy, development of credit operations of banks and financial companies standards of the European Union, improving trade conditions in Ukraine. And here, factoring comes in handy, which is an effective tool to accelerate money circulation and increase business efficiency. However, due to the rapid development of factoring in the financial services market – regulations in this area need to be updated and there is a need to introduce new scientific recommendations for its practical application. In the article the essence of factoring is covered in the plane of theory, and also, in the plane of judicial practice. It is noted that among researchers of this issue there is no generalizing concept of this category and understanding the essence of this legal phenomenon through the prism of today’s challenges. Emphasis is placed on the existence of four main concepts of factoring, namely: the assignment of the right of claim; it is a banking operation; this is a type of financial services; this is a separate independent contract type. It is proposed to consider factoring as a complex concept. Particular attention is paid to the indication of the characteristics of financial services, which allows through their prism to highlight factoring transactions.


2021 ◽  
Vol 6 (2) ◽  
pp. 91-96
Author(s):  
Mega Juni ◽  
Robin Robin ◽  
Endang Bidayani

Cultivation is an activity that is carried out in connection with the process of multiplaying resources, one of which is in the field of fisheries. This activity, especially freshwater cultivation, has developed in the community, especially in Bangka Belitung Province, but the ponds used suitability the requirements of both physical, chemical and biological parameters of the waters as well as business feasibility. This study to knew suitability of water quality and analyze the cultivation of gourami in Pinang Sebatang Village. This research was carried out in December 2020 in Bangka Tengah district. This study used a survey method in the form of a case study methode in determining water quality. And then carried out a feasibility test of water quality using the STRORET method and the census method to analyzing cultivation business. Water quality and business analysis were carried out in the gourami cultivators’ pond at Pinang Sebatang Village sustainable. The result showed that the water quality in the gourami aquaculture pond at Pinang Sebatang Village was categorized as moderately polluted water quality status in pond 1 with a score of -12 and the status with lightly polluted in pond 2 with a score of -2. The method of data processing analysis of gourami cultivation at Pinang Sebatang Village uses quantitative methods. The result of the study showed that the income per cycle was Rp 120.000.000,00, income per cycle of Rp. 49.368.000,00, profit per cycle of Rp 38.568.000,00 and business efficiency of 1,69. Form the result of the STORET analysis and the business analysis that has been obtained, the cultivation pond at the Pinang Sebatang Village is feasible to be developed for the cultivation of gourami rearing.


TRIKONOMIKA ◽  
2021 ◽  
Vol 20 (2) ◽  
pp. 82-89
Author(s):  
Lilis Siti Badriah ◽  
Arintoko Arintoko ◽  
Dijan Rahajuni

This study aims to analyze economic efficiency and the factors that influence the performance of coconut sugar SMEs in Cilongok District, Banyumas Regency. This study uses primary data obtained through interviews with 162 respondents. By using Benefit-Cost Ratio analysis and multiple regression, this study finds that the coconut sugar business in Cilongok District, Banyumas Regency is not yet efficient and the coconut sugar business performance is positively influenced by financial capital. While social capital and human capital do not affect it. This research implies the need for continuous efforts from all stakeholders to provide business assistance and certainty in product marketing so that product prices become more stable. In addition, it is also necessary to optimize the potential of social and human capital to strengthen the role of financial capital in improving business performance. This can be done through the institutionalization of social capital and optimizing the role of the village government in facilitating cooperation with various parties.


Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 205
Author(s):  
Olga Gorodetskaya ◽  
Yana Gobareva ◽  
Mikhail Koroteev

The problem of forecasting time series is very widely debated. In recent years, machine learning algorithms have been very prolific in this area. This paper describes a systematic approach to building a machine learning predictive model for solving optimization problems in the banking sector. A literature analysis on applying such methods in this particular area is presented. As a direct result of the described research, a universal scenario for forecasting various non-stationary time series in automatic mode was developed. The developed scenario for solving specific banking tasks to improve business efficiency, including optimizing demand for ATMs, forecasting the load on the call center and cash center, is considered. A machine learning methodology in economics that can yield robust and reproducible results and can be reused in solving other similar tasks is described. The methodology described in the article was tested on three cases and showed the ability to generate models that are superior in accuracy to similar predictive models described in the literature by at least three percentage points. This article will be helpful to specialists dealing with the problem of forecasting economic time series and students and researchers due to a large number of links to systematic literature reviews on this topic.


Author(s):  
A. Shvetsov

The global trend of the current decade is the «digitalization of the economy», which means the introduction of digital technologies into economic activity. Digital technologies used in the economy primarily include information and communication (information-computer) technologies, which are used to build information systems at various stages of the product life cycle. Such systems perform the tasks of collecting, transmitting and processing data coming from the production, distribution, exchange and consumption of products. A brief look at digital technologies used in modern industry.


Sign in / Sign up

Export Citation Format

Share Document