Supporting Scenario Design in Planning Long-Term Business Strategies Based on Sustainability Scenarios

2012 ◽  
pp. 25-30
Author(s):  
Yusuke Kishita ◽  
Maki Hirosaki ◽  
Yuji Mizuno ◽  
Haruna Wada ◽  
Shinichi Fukushige ◽  
...  
Keyword(s):  
Business Strategies ◽  
Scenario Design

Formalizing Scenario Design Processes to Plan Long-term Business Strategies for Sustainability

2013 ◽  
pp. 345-350
Author(s):  
Y. Kishita ◽  
M. Hirosaki ◽  
Y. Mizuno ◽  
H. Wada ◽  
S. Fukushige ◽  
...  
Keyword(s):  
Business Strategies ◽  
Design Processes ◽  
Scenario Design

Risk Attitude and Corporate Investment under Output Market Uncertainty: Evidence from The Mekong River Delta, Vietnam

2016 ◽  
pp. 59-70
Author(s):  
Ninh Le Khuong ◽  
Nghiem Le Tan ◽  
Tho Huynh Huu
Keyword(s):  
Negative Relationship ◽  
Risk Attitude ◽  
Business Strategies ◽  
Risk Averse ◽  
Market Uncertainty ◽  
Firm Investment ◽  
Output Market ◽  
The Impact ◽  
The Relationship

This paper aims to detect the impact of firm managers’ risk attitude on the relationship between the degree of output market uncertainty and firm investment. The findings show that there is a negative relationship between these two aspects for risk-averse managers while there is a positive relationship for risk-loving ones, since they have different utility functions. Based on the findings, this paper proposes recommendations for firm managers to take into account when making investment decisions and long-term business strategies as well.

Designing a CRM Framework for online & offline sports footwear retailers

2015 ◽  
Vol 3 (1) ◽  
Author(s):  
Rodrigo Cueva ◽  
Guillem Rufian ◽  
Maria Gabriela Valdes
Keyword(s):  
Environmental Changes ◽  
Customer Relationship ◽  
Business Strategies ◽  
Economic Sectors ◽  
Running Shoes ◽  
Brick And Mortar ◽  
Key Factor ◽  
On Line ◽  
The Impact

The use of Customer Relationship Managers to foster customers loyalty has become one of the most common business strategies in the past years.  However, CRM solutions do not fill the abundance of happily ever-after relationships that business needs, and each client’s perception is different in the buying process.  Therefore, the experience must be precise, in order to extend the loyalty period of a customer as much as possible. One of the economic sectors in which CRM’s have improved this experience is retailing, where the personalized attention to the customer is a key factor.  However, brick and mortar experiences are not enough to be aware in how environmental changes could affect the industry trends in the long term.  A base unified theoretical framework must be taken into consideration, in order to develop an adaptable model for constructing or implementing CRMs into companies. Thanks to this approximation, the information is complemented, and the outcome will increment the quality in any Marketing/Sales initiative. The goal of this article is to explore the different factors grouped by three main domains within the impact of service quality, from a consumer’s perspective, in both on-line and off-line retailing sector.  Secondly, we plan to go a step further and extract base guidelines about previous analysis for designing CRM’s solutions focused on the loyalty of the customers for a specific retailing sector and its product: Sports Running Shoes.

scholarly journals The Demerger Impact upon Sustainable Development of Economic Entities: Evidence from Romania

2021 ◽  
Vol 13 (15) ◽  
pp. 8316
Author(s):  
Camelia Mirela Baba ◽  
Constantin Duguleană ◽  
Marius Sorin Dincă ◽  
Liliana Duguleană ◽  
Gheorghița Dincă
Keyword(s):  
Sustainable Development ◽  
Business Strategies ◽  
The Sustainable Development ◽  
Ex Post ◽  
Before And After ◽  
Almost All ◽  
The Impact ◽  
Profitability Ratios ◽  
Positive Effect

The Covid-19 induced economic crisis has significantly affected almost all businesses from nearly every sector, causing severe financial problems, lack of cash assets, and decrease of revenues. In this context, the economic entities were forced to look for adjustment and rescue solutions of their activities. One possible solution for the recovery and reorganization of economic entities’ activities is demerger. This paper evaluates the impact of demerger upon the sustainable development of economic entities in terms of economic efficiency and financial performances. To achieve this goal, a statistical analysis of profitability ratios before and after the demerger, as well as a structural analysis of 268 demerger projects for the April 2012–April 2021 period, were performed. The results attest there are no significant differences between the ex-ante and ex-post financial performances. However, demerger seems to have a positive effect upon analyzed companies helping them to overcome economic hardships, rethink their business strategies, and continue their activity in the medium and long-term time horizon.

scholarly journals Strategic stakeholder management: theoretical concept and features of application

2021 ◽  
Author(s):  
Zoia Halushka
Keyword(s):  
Strategic Management ◽  
Stakeholder Management ◽  
Theoretical Concept ◽  
Business Strategies ◽  
Modern Concept ◽  
Main Task ◽  
Theoretical Approaches ◽  
Proactive Management ◽  
Unstable Environment

The article examines the development of the theoretical concept of stakeholders, a comparative analysis of approaches to the definition and grouping of stakeholders depending on their impact on the functioning of the organisation. The objective nature of the emergence of strategic stakeholder management as a modern concept of organisation management, operating in an unstable environment, is substantiated. Based on the analysis of theoretical approaches to substantiation of the essence of the concept of stakeholder management, the necessity and peculiarities of its application in strategic management of organisations in modern business conditions are shown. The main task of stakeholder management is identified, which is not just to maintain mutually beneficial interaction between all stakeholders, but to find mechanisms to improve the effectiveness of joint activities as a holistic system that includes the interests of all stakeholders. Based on the generalisation of all tools and mechanisms of strategic stakeholder management, two main approaches are identified - resource and relationship. It is noted that the relational approach means the formation of social capital, which in itself is a strategic resource, as it ensures the reputation of the business and promotes competitive advantage. It was found that in strategic management there are already certain principles of stakeholder management: systematic relationships, strategic orientation of all stakeholders to develop business strategies that take into account the interests, values and long-term goals of the organisation; mutual benefit of relations with stakeholders; the need to balance the interests of stakeholders; proactive management; focus on sustainable development and long-term relationships; transparency and accountability in non-financial relationships. It is substantiated that the result of effective stakeholder management is the value of the organisation. It is created by the joint efforts of all stakeholders on the basis of their interaction and depends on the availability, sufficiency and effectiveness of management of all resources and types of capital.

Family Business Governance

2021 ◽  
pp. 24-40
Author(s):  
Reena Agrawal ◽  
Ganga Bhavani
Keyword(s):  
Corporate Governance ◽  
Best Practices ◽  
Family Business ◽  
Family Businesses ◽  
Business Strategies ◽  
Business Organizations ◽  
Substantial Portion ◽  
Advantages And Disadvantages ◽  
The World

Corporate governance is a significant tool to build strong and long relationships among various stakeholders in kinds of business organizations. Family businesses are not an exception to this. Like any other businesses, family businesses also need to have governance in place and practice to achieve the business strategies and to have long-term succession. Family-owned businesses are the backbone of many countries' economies in the world contributing substantial portion of GDP. Considering these, it is important to know the best practices of governance in family owned business organizations and the role played by governance to improve the strengths of these businesses. The chapter throws light on family business governance and explores various important practices highlighting their advantages and disadvantages in detail.

scholarly journals On the Economic Effects of a Res Local Industry Deployment in Morocco: A Case of Study Defining Scenarios from a Survey to Stakeholders

2020 ◽  
Vol 12 (17) ◽  
pp. 6811
Author(s):  
Ramon Mahia ◽  
Rafael de Arce
Keyword(s):  
Indirect Effects ◽  
Renewable Energy Sources ◽  
Economic Effects ◽  
Direct And Indirect Effects ◽  
Energy Component ◽  
Scenario Design ◽  
Theoretical Assumptions ◽  
Large Investment ◽  
New Jobs

The aim of this article is to simulate the economic impact on Gross Domestic Product (GDP) and employment of renewable energy sources investment in Morocco over the next 40 years. In this sense, several potential scenarios of energy component evolution have been used based on the results of a specific survey to sector stakeholders. We obtain accurate results, avoiding speculative/theoretical assumptions in terms of scenario design. As usual in the sector, a Dynamic Input–Output Model (DI–O) is used to estimate the direct and indirect effects of such a large investment and, avoiding the criticism of this type of model in the context of long-term simulations, the alternative of de Arce et al. (2012) is used. In this framework, substantial results derive from the three scenarios considered: the increase in Moroccan GDP as a result of this investment could be around 1.2–1.7 points and, on average, 42,000 new jobs could be created.

Transport and Logistics in Dubai

2012 ◽  
pp. 36-53
Author(s):  
Michael Thorpe ◽  
Sumit Mitra
Keyword(s):  
Public Sector ◽  
Global Market ◽  
Business Strategies ◽  
Market Place ◽  
Public And Private ◽  
The Public ◽  
Future Success ◽  
Government Project ◽  
Phased Development

The phased development of Dubai’s transport and logistics sector over the past several decades has culminated in the establishment of a major regional commercial hub, a so-called “aerotropolis”. Although a work-in-progress, several stages of this long-term project are already operational, and construction remains ongoing. The future success of this government project is unclear. In the public sector, there exist major challenges, some reflective of the need to efficiently manage and coordinate such a huge undertaking while others stem from the uncertainties of a competitive global market-place. For individual companies and industries (public and private) looking to participate and commit to the venture, a number of issues need to be addressed in the formulation of business strategies.

Comparative analysis of budgeting in the Slovene hotel industry

2011 ◽  
Vol 17 (1) ◽  
pp. 91-100
Author(s):  
Gordana Ivankovič ◽  
Mateja Jerman
Keyword(s):  
Strategic Management ◽  
Business Strategy ◽  
Management Accounting ◽  
Hotel Industry ◽  
Decision Makers ◽  
Business Strategies ◽  
Short Term ◽  
Strategic Management Accounting ◽  
Standard Cost

The main purpose of the presented research was to investigate whether Slovene hotels that have a business strategy and strategic management accounting are more successful in comparison with those that still do not have a long-term business strategy and strategic management accounting.Hotels that have a business strategy and strategic management accounting are expected to be more successful in comparison with those that still do not have a long-term business strategy. Questionnaires were distributed to the management of selected Slovene hotels. The Slovene budgeting practices were assessed in Slovene large hotels, which have more than 100 rooms. The analysis was performed at the beginning of the years 2004 and 2008, respectively. Budgeting practices in Slovene hotels were assessed by analyzing the extent to which managers used strategic management accounting and the extent to which business strategies were implemented. The analysis provides evidence that hotels with a long-term business strategy are more successful than those that that have a short-term strategy, or are even without one. Although an improvement in the field of continuous budgeting in the five-year period can be ascertained, only a minority of Slovene hotels uses standard cost as a basis for budgeting. This was the first study that ascertained discrepancies between Slovenian budgeting practice and foreign best practices, which is undoubtedly of great interest for decision-makers on the level of individual hotel.

Possibilities of Implementing Customer Relationship Management in the Function of Improving the Competitiveness of the Civil Engineering Sector

2015 ◽  
Vol 725-726 ◽  
pp. 977-983 ◽  
Author(s):  
Boban Melovic ◽  
Mijat Jocovic ◽  
Irina Lugovskaya ◽  
Nikolai Vatin
Keyword(s):  
Customer Relationship Management ◽  
Business Processes ◽  
Civil Engineering ◽  
Relationship Management ◽  
Business Environment ◽  
Customer Relationship ◽  
Business Strategies ◽  
Crm System ◽  
Modern Business

Modern business strategies and quality of business environment are conditions for increasing competitiveness of companies in the civil engineering sector. Basic idea of Customer Relationship Management (CRM) is to shift the focus from the product to the buyer and in that way to build quality, long term and profitable relations. Products and services must be adjusted to the demands and specifications of certain clients. CRM is not a technology but a business concept, business philosophy. Basic aim of CRM in the civil engineering sector is gaining and keeping customers with the biggest purchasing potential. The article show that the implementation of the CRM system is in the direct positive correlation with business results of the companies from the civil engineering sector. In order to make the CRM strategy successful, it is necessary to determine appropriate strategy of creating long term, sustainable and profitable relationships with buyers, then to adjust business processes of the company and if necessary to adapt the organizational structure to creating the environment which is totally focused on the buyer.

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