Rejuvenation of Business Management Tools in Industry 4.0

2020 ◽  
pp. 279-293
Author(s):  
Dragan Đuričin ◽  
Iva Vuksanović Herceg
Keyword(s):  
Industry 4.0 ◽  
Business Management ◽  
Management Tools

scholarly journals Sustainable management, balanced scorecard and small business: a systematic review and state of the art

2020 ◽  
Vol 11 (1) ◽  
pp. 156
Author(s):  
Marileide Barbosa ◽  
Juan Arturo Castañeda-Ayarza ◽  
Denise Helena Lombardo Ferreira
Keyword(s):  
Sustainable Development ◽  
Small Business ◽  
Balanced Scorecard ◽  
Sustainable Management ◽  
Business Management ◽  
Small Companies ◽  
Management Tools ◽  
Scientific Publications ◽  
The Balanced Scorecard ◽  
Whole Process

The Balanced Scorecard - BSC is a widely used tool in business management that allows implementing and controlling strategies. Today, in a context that demands efforts from all organizations for sustainable development, the BSC has become an excellent alternative to include sustainability in business management. However, when it comes to small business organizations, management tools like BSC and business sustainability face the greatest difficulties, barriers and limitations. Therefore, the objective is to map the frontier of knowledge that brings together sustainable management and BSC to small companies, allowing visualization of the paths covered and the ones to be taken through science. A systematic bibliographical research was developed identifying and analyzing the main scientific publications that intersect the themes mentioned above. The results show the need to increase research towards understanding and monitoring the transformation of small business management in terms of sustainable development. The importance of the use of management tools to improve the efficiency and effectiveness of the whole process has been confirmed, as well as that the BSC can play a relevant role. Thus, with this, researchers are expected to be more interested in the subject and more studies applied in small companies will come to be.

scholarly journals Ecological and economic management tools in forestry

2021 ◽  
Vol 875 (1) ◽  
pp. 012044
Author(s):  
T L Bezrukova ◽  
V G Larionov ◽  
I V Kuksova
Keyword(s):  
Business Management ◽  
Management Systems ◽  
Business Practices ◽  
Management Skills ◽  
Economic Management ◽  
Management Tools ◽  
Forestry Management ◽  
New Business ◽  
New Policies ◽  
The Impact

Abstract The importance of this article is related to the development of new policies for the management of the forestry business. The emergence of new business practices requires a revision of existing business management systems or the acquisition of new unique management skills. This article highlights the key ecological and economic management tools in forestry, identified as a result of the study of the works of domestic and foreign authors, as well as the provisions of regulatory legal acts. The developed environmental and financial forestry management tools make it possible to consider both industries and economic entities for the impact on the environment, aimed at the prospects for the creation of a certain entity. Upon completion of this work, important environmental and economic management tools were adopted that will contribute to the formation of a management idea for forestry. When modeling the ecological and economic management of forestry, a rational option for regulating the instruments was chosen, which would bring the system to the desired state. It was concluded that it is necessary to maximize the coefficients regulating the instruments of environmental and economic management of forestry. It is also necessary to improve the environmental audit and insurance, the legislative mechanism, the introduction of trade rights in certain territories.

Emotional dimensions of intra-family transmission: Moroccan Shipping, a team adrift

2014 ◽  
Vol 4 (5) ◽  
pp. 1-8
Author(s):  
Caroline Minialai ◽  
Gérard Hirigoyen
Keyword(s):  
Family Business ◽  
Family System ◽  
Business Management ◽  
Subject Area ◽  
Family Businesses ◽  
Management Tools ◽  
Content Type ◽  
Small Business Management ◽  
Governance Tools ◽  
Lead Users

Subject area Intergenerational transmission is a paramount managerial and patrimonial issue. Although planning and governance tools are being developed and spread in business, the handling of emotions often remains the key to a successful process. It is within the framework of the paternalistic Moroccan society that we are led to question the psychology and emotions of the stakeholders in the transmission of this small services business. Study level/applicability Masters students in Family Business, Management Science, Entrepreneurship, Small Business Management. Case overview After 19 years of existence, Moroccan Shipping is confronted at the beginning of 2010 to the issue of the sustainability of the family business. The founder directs his affair with an iron fist, and his sons, who were educated abroad, are determined not to get fooled. The father claims he wishes to be relieved from daily operations and handover part of his responsibilities to his second son. At the same time, the youngest doesn't feel like he fits in the present firm's configuration and is ready to quit. Expected learning outcomes This case study will lead users to work on several managerial dimensions of small family businesses in emerging economies. At first, the entrepreneur's traits might be highlighted, as they deeply affect the way the succession process may be handled. However, as the Middle East and North Africa (MENA) specificity, the Moroccan family system will be taken into consideration to better analyse both the incumbent and the successor behaviours. Management tools may then be discussed to help with the transfer of both power and ownership in family businesses. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes.

scholarly journals A competitive intelligence model based on information literacy: organizational competitiveness in the context of the 4th Industrial Revolution

2019 ◽  
Vol 8 (3) ◽  
Author(s):  
Selma Leticia Capinzaiki Ottonicar ◽  
Marta Lígia Pomim Valentim ◽  
Elaine Mosconi
Keyword(s):  
Conceptual Model ◽  
Information Literacy ◽  
Industry 4.0 ◽  
Applied Research ◽  
Industrial Revolution ◽  
Information Science ◽  
Business Management ◽  
Competitive Intelligence ◽  
Fourth Industrial Revolution ◽  
Collaborative Innovation

This paper investigated how information literacy and competitive intelligence areconnected in business management and information science fields. It demonstrates thecontribution of information literacy in the phases of the competitive intelligence process. Thispaper is relevant, since the model supports creativity and collaborative innovation in smallbusinesses in the context of Industry 4.0. Furthermore, it contributed to connect the informationscience and business management fields, so it is multidisciplinary. It also proposes a theoreticalmodel of information literacy and competitive intelligence in the context of Industry 4.0, whichcan be used for applied research. The methodology was developed based on a systematicliterature review (SLR) of information literature and competitive intelligence. These conceptscontribute to the development of a framework and a conceptual model in which the three themesare interconnected and demonstrate that information literacy can efficiently contribute to thecompetitive intelligence process, especially in the context of the Fourth Industrial Revolution.

scholarly journals The State of Strategic Marketing Application in Czech Small and Medium-Sized Enterprises

2019 ◽  
Vol 66 (2) ◽  
pp. 193-212
Author(s):  
Kateřina Matušínská ◽  
Michal Stoklasa
Keyword(s):  
Basic Problem ◽  
Business Management ◽  
Strategic Marketing ◽  
Primary Research ◽  
Management Tools ◽  
Marketing Process ◽  
Marketing Application ◽  
Research Plan ◽  
Strategic Management Process ◽  
Low Rate

The article deals with the issue of using strategic marketing in the business of small and medium-sized enterprises. The main objective of this paper is to theoretically define the principles of strategic marketing and then practically analyse the level of strategic marketing use as a tool of business management in selected Czech small and medium-sized enterprises. In order to fulfil the research plan, secondary and primary research was carried out. The theoretical part defines the basic problem areas such as various approaches to strategic marketing defining and strategic management process versus strategic marketing process. In the practical part, 335 companies are analysed, the results are commented and hypotheses evaluated. The most important findings are generally low rate of utilization of strategic marketing management tools and the utilization of these tools is dependent on company size, with micro companies being the worst and medium companies the best.

scholarly journals Progress Towards Industry 4.0 – a Management Tools Perspective

2021 ◽  
Author(s):  
Zlatko Nedelko ◽  
Vojko Potočan
Keyword(s):  
Knowledge Management ◽  
Six Sigma ◽  
Industry 4.0 ◽  
Lean Production ◽  
Current Level ◽  
Management Tools ◽  
Early Stages ◽  
Draft Paper

The main aim of this draft paper is to discuss the progress towards Industry 4.0 in organizations, through the lenses of management tools utilization. Our discussion is based on the cognitions that management tools support organizational working under Industry 4.0 circumstances. According to the management tools utilization we argue about the level of Industry 4.0 implementation in organizations. Based on the current level of management tools utilization, it is evident that in the forefront are management tools, which are not tightly associated with supporting organizational working under Industry 4.0 circumstances, like outsourcing, benchmarking, knowledge management, etc, while commonly emphasized management tools for supporting organizational working under Industry 4.0 circumstances, are not in the forefront of use, like lean production, RFID, six-sigma, etc. Results allow us to argue that organizations are at the early stages of Industry 4.0 implementation in organizations. The paper offers some possible reasons for such state. This paper should also trigger questions, how to increase the level of Industry 4.0 implementation in organizations.

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