Using integrated weighted IRP-Fuzzy TISM approach towards evaluation of initiatives to harmonise Halal standards

2019 ◽  
Vol 26 (2) ◽  
pp. 434-451 ◽  
Author(s):  
Mohd Imran Khan ◽  
Shahbaz Khan ◽  
Abid Haleem
Keyword(s):  
Design Methodology ◽  
International Markets ◽  
Content Type ◽  
Effective Implementation ◽  
Integrated Methodology ◽  
Strategic Coordination ◽  
Interpretive Ranking Process ◽  
Coordination And Collaboration ◽  
Practical Implications ◽  
Total Interpretive Structural Modelling

PurposeMultiplicity and conflicting Halal standards involve unnecessary repetition of testing for demonstrating the Halal integrity of the process and the product, thus making it difficult for the Halal commodities to get traction in international markets. The purpose of this paper is to suggest initiatives to facilitate harmonisation of Halal standards as to eliminate trade barrier of Halal and to assure the availability of Halal consumables to larger masses.Design/methodology/approachRanking of the initiatives for the harmonisation of Halal standards taking in consideration the costs of accomplishment and associated benefits obtained has been done through the application of integrated Interpretive Ranking Process (IRP) and Fuzzy Total Interpretive Structural Modelling (Fuzzy TISM). This integrated methodology with the weighted criteria have refined the value of the net dominance of different variables, thereby increasing the efficacy of IRP in decision making.FindingsFindings suggest that strengthening the strategic coordination and collaboration among competent HCBs is a significant initiative. This initiative needs to be undertaken to mitigate the conflict between HCBs. This necessitates to develop a common platform in making the collective decision for effectively controlling Halal businesses. Moreover, recognising competent HCBs will prompt the effective implementation and execution of Halal standards across the supply chain, and ease the global trading of Halal products. A framework has been conceptualised to enable harmonisation of Halal standards which intimates to develop globally agreed protocols for Halal practices.Practical implicationsThe framework presented may act as a prelude to harmonise Halal standards and may positively affect the international trade of Halal commodities by phasing out the discriminatory and market-impeding standards.Originality/valueA harmonised system may provide correct information to the stakeholders and may help in making an informed decision.

Finding an effective strategy for international markets

2019 ◽  
Vol 36 (2) ◽  
pp. 13-15
Keyword(s):  
Case Studies ◽  
Design Methodology ◽  
Reading Time ◽  
International Markets ◽  
Effective Strategy ◽  
Marketing Capabilities ◽  
Content Type ◽  
Effective Performance ◽  
Pertinent Information ◽  
Practical Implications

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings Effective performance in international markets significantly depends on organizations adopting appropriate strategies. Utilizing marketing capabilities more than technological capabilities can better position a firm so it is able to customize products to meet the needs of different customers. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Forces influencing the speed of internationalisation

2016 ◽  
Vol 23 (1) ◽  
pp. 122-148 ◽  
Author(s):  
Henry Langseth ◽  
Michele O'Dwyer ◽  
Claire Arpa
Keyword(s):  
Product Innovation ◽  
Design Methodology ◽  
Foreign Market ◽  
International Markets ◽  
Tie Strength ◽  
Research Approach ◽  
Market Knowledge ◽  
Content Type ◽  
Global Vision ◽  
Practical Implications

Purpose – This study applies Oviatt and McDougall’s (2005) model of forces influencing the speed of internationalisation to small, export oriented enterprises. The purpose of this paper is to explore the significance of the forces enabling, motivating, mediating and moderating internationalisation in small and medium-sized enterprises (SMEs), and the manner in which these forces manifest themselves in the market. Design/methodology/approach – A qualitative research approach utilising eight case studies within Norway and Ireland was adopted in order to facilitate theory building required for this study. Findings – The findings demonstrate that four forces in particular are found to be strongly significant to the speed of internationalisation among the case SMEs: the enabling force of technology, the mediating force of entrepreneurial actor perceptions/owner-managers’ global vision and the moderating forces of foreign market knowledge and tie strength in networks. Practical implications – The empirical evidence has several implications for managers and policy regarding influencing the speed of internationalisation process. The enabling force (technology) has implications for government in their support of the SME macro environment. The motivating force (competition) has implications for government, in understanding what motivates entrepreneurs to enter international markets. The two moderating forces (foreign market knowledge and network tie strength) have implications for managers and can be leveraged through product innovation, increased focus on intellectual property rights for better protection against copycats, and through active and deliberate international networking. Originality/value – The paper suggests adjustments to Oviatt and McDougall’s (2005) model, permitting researchers to gain an in-depth understanding of the complex reality of SME internationalisation.

Cross-sectional return patterns in New Zealand’s registered and OTC stock markets

2015 ◽  
Vol 27 (1) ◽  
pp. 51-68 ◽  
Author(s):  
Hamish Anderson ◽  
Ben Marshall ◽  
Xiao Wang
Keyword(s):  
Stock Returns ◽  
Design Methodology ◽  
Explanatory Power ◽  
International Markets ◽  
Stock Exchanges ◽  
Cross Sectional ◽  
Over The Counter ◽  
Content Type ◽  
Pricing Factors ◽  
Practical Implications

Purpose – This paper aims to examine whether the cross-sectional return patterns in New Zealand’s main stock market (NZSX) are also present in the alternative (NZAX) and over-the-counter (Unlisted) markets. Design/methodology/approach – Cross-sectional regressions of monthly stock returns on well-known pricing factors including firm size, book-to-market (B/M) ratio, liquidity and past returns were run. The NZSX sample commenced in 1988 and continued through to 2011, while data are available for the Unlisted and NZAX markets from 2004 to 2011. Findings – The pricing factors that are important in explaining returns in major international markets also influence returns on the NZSX. However, only B/M is consistently priced across all New Zealand stock exchanges, including the alternative NZAX and Unlisted markets. There is evidence of reversal in NZAX stocks, but liquidity effects are not consistent or pervasive in either market. Practical implications – With B/M being the only consistently priced variable across all markets, investors in the NZAX and in particular Unlisted may be concerned with other risk factors. For example, the risks associated with differing levels of investor protection, corporate governance and disclosure may be of more concern to investors than pricing factors such as size, liquidity and past returns in these alternative trading platforms. Originality/value – The paper examines cross-sectional return patterns of the NZAX and Unlisted stocks and is the first paper to jointly test the explanatory power of size, B/M, past returns and liquidity factors for NZSX stocks.

Enablers facilitating industry-academia, transnational education and university-community partnering agility in higher education

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shalini Menon ◽  
M. Suresh ◽  
R. Raghu Raman
Keyword(s):  
Higher Education ◽  
Resource Sharing ◽  
Design Methodology ◽  
Matrix Multiplication ◽  
Content Type ◽  
Roles And Responsibilities ◽  
The Past ◽  
Linkage Zones ◽  
Practical Implications ◽  
Total Interpretive Structural Modelling

PurposeThe study has a two-fold purpose: first, to identify the enablers of partnering agility in higher education, and, second, to analyze the interplay between the enablers.Design/methodology/approachTotal interpretive structural modelling (TISM) was used to construct a theoretical model of partnering agility enablers, and cross-impact matrix multiplication applied to classification (MICMAC) analysis was used to rank and segregate the enablers into independent, autonomous, dependent and linkage zones on the basis of their driving and dependence power.FindingsThe study helped in identifying eight enablers that can be instrumental in driving partnering agility in higher education. According to the TISM model, clarity on roles and responsibilities of partners was found to be the most crucial and vital enabler followed by resource sharing.Practical implicationsThe conceptual model provides a new direction on how to develop and strengthen higher education partnerships. The model has prioritized all the crucial enablers that the management can work around in order to drive partnering agility in higher education institutions.Originality/valueStudies in the past have majorly focused on academia–industry partnerships. This research has tried to provide a comprehensive view of the enablers and the multidirectional interplay between the enablers that can facilitate partnerships between academia and industry, Indian and international universities, and academia and community.

Towards more effective implementation of lean

2018 ◽  
Vol 34 (4) ◽  
pp. 19-21
Keyword(s):  
Lean Manufacturing ◽  
Design Methodology ◽  
Reading Time ◽  
Content Type ◽  
Strategic Actions ◽  
Effective Implementation ◽  
Lean Transformation ◽  
Pertinent Information ◽  
Practical Implications ◽  
Overall Effectiveness

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings Firms implement lean manufacturing principles as a means of obtaining a competitive advantage. However, any edge secured is likely to be transient unless leaders adopt strategic actions within different key areas that can determine the overall effectiveness of lean transformation. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Identifying Industry 4.0 IoT enablers by integrated PCA-ISM-DEMATEL approach

2019 ◽  
Vol 57 (8) ◽  
pp. 1784-1817 ◽  
Author(s):  
Shubhangini Rajput ◽  
Surya Prakash Singh
Keyword(s):  
Industry 4.0 ◽  
Design Methodology ◽  
Principal Component ◽  
Integrated Approach ◽  
Interpretive Structural Modeling ◽  
Content Type ◽  
Effective Implementation ◽  
Network Capability ◽  
First Time ◽  
Practical Implications

Purpose The purpose of this paper is to identify, analyze and model Internet of Things (IoT) enablers essential for the success of Industry 4.0. Design/methodology/approach IoT enablers for Industry 4.0 are identified from literature and inferable discussions with industry experts. Three different techniques namely, principal component analysis (PCA), interpretive structural modeling (ISM) and decision making trial and evaluation laboratory (DEMATEL) are applied to model IoT enablers. In addition to this, DEMATEL is also applied under two different situations representing the behavioral characteristic of experts involved. These are termed as optimistic (maximum) and pessimistic (minimum). Findings The integrated approach of PCA-ISM-DEMATEL shows that IoT ecosystem and IoT Big Data are the most influential or driving IoT enablers. These two enablers have been identified as the pillars for Industry 4.0. On the other side, IoT interchangeability, consumer IoT, IoT robustness and IoT interface and network capability have also been identified as the most dependent enablers for Industry 4.0. Practical implications The findings enable the industry practitioners to select the most appropriate driving enablers for an effective implementation of Industry 4.0. Originality/value The integrated approach-based hierarchical model and cause-effect relationship among IoT enablers are proposed which is a novel initiative for Industry 4.0. Moreover, two different variants of DEMATEL namely, pessimistic and optimistic are applied first time.

Meeting institutional demands

2014 ◽  
Vol 30 (1) ◽  
pp. 23-25
Keyword(s):  
Case Studies ◽  
Design Methodology ◽  
Reading Time ◽  
International Markets ◽  
Growth Strategies ◽  
Content Type ◽  
Pertinent Information ◽  
Strong Market Position ◽  
Practical Implications ◽  
Main Growth

Purpose – Reviews the latest management developments across the globe and pinpoints practical implications from cutting-edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – Expansion into international markets has become one of the main growth strategies for many organizations. The blueprint is straightforward enough. Identify untapped potential and exploit the opportunities provided. Build a strong market position and reap lucrative rewards. If only it was that simple. Entering any new territory in the home nation is invariably demanding enough. Factor in the additional challenges inherent in any oversea venture and the difficulty soars to even greater heights. In any market, companies are subject to both technical and institutional demands which increase the complexity of decisions firms have to make. Pressures differ in each environment, so reacting in an appropriate manner is a must. Negotiating these demands effectively can go a considerable way in determining whether organizations ultimately succeed or fail. Practical implications – Provides strategic insights and practical thinking that have influenced some of the world's leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to digest format.

Modelling the resilience of start-ups during COVID-19 pandemic

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Aswathy Sreenivasan ◽  
M. Suresh ◽  
Juan Alfredo Tuesta Panduro
Keyword(s):  
Design Methodology ◽  
Second Step ◽  
Second Phase ◽  
Content Type ◽  
Key Stakeholders ◽  
Resilience Factors ◽  
Start Ups ◽  
Executives And Managers ◽  
Practical Implications ◽  
Total Interpretive Structural Modelling

PurposeResilience, the ability of start-ups to deal with anticipated instabilities and probable disruptions, is becoming an important success element during coronavirus disease 2019 (Covid-19). To survive in this pandemic situation, resilience is an important concept for start-ups. The present paper aims to “identify”, “analyse” and “categorize” the resilience factors for start-ups during the Covid-19 pandemic using total interpretive structural modelling (TISM).Design/methodology/approachThe resilience elements of start-ups during Covid-19 were identified and shortlisted during the first phase, which included literature analysis and extensive interaction with experts. TISM was used in the second phase to investigate or to determine how the factors interplayed between the resilience factors of start-ups during Covid-19. The Matrice d'impacts Croises Multiplication Appliquee a un Classment (MICMAC) method is used to rank and categorize the factors. Closed-ended questionnaire with the scheduled interview was conducted to collect the data.FindingsThe first part of the study found ten resilience elements in total. The TISM digraph was constructed in the second step to show why one resilience component led to another. The MICMAC analysis divided these factors into four groups: autonomous, linkage, dependent and independent. These groups represented resilience variables based on their driving and dependent power, which assist executives and managers in proactively addressing them while using the TISM digraph as a guide.Research limitations/implicationsDuring the Covid-19 epidemic, this study focused primarily on resilience characteristics for Indian start-ups.Practical implicationsThis study will help key stakeholders and scholars to better understand the elements that contribute to start-up's resilience.Originality/valueThe TISM method for start-up's resilience is suggested in this paper, which is a novel attempt in the field of resilience in this industry.

The unexplained wealth order: a boost for Trinidad and Tobago’s fight against money laundering?

2020 ◽  
Vol 23 (2) ◽  
pp. 509-513
Author(s):  
Marie Freckleton
Keyword(s):  
Trinidad And Tobago ◽  
Money Laundering ◽  
Design Methodology ◽  
Effective Control ◽  
Content Type ◽  
Secondary Sources ◽  
Effective Implementation ◽  
Asset Recovery ◽  
Proceeds Of Crime ◽  
Practical Implications

Purpose This paper aims to explain the reasons for the introduction of unexplained wealth orders (UWOs) in Trinidad and Tobago and highlights potential obstacles to implementation. Design/methodology/approach The research is based on secondary sources. The Civil Asset Recovery and management and Unexplained Wealth Act (CARAMAUWA) (2019) and relevant reports were reviewed. Findings The CARAMAUWA provides two potentially powerful tools to confiscate the proceeds of crime. However, the UWOs have greater potential. Effective implementation will require adequate human and financial resources, as well as measures to reduce corruption. Research limitations/implications The CARAMAUWA became operational on 14 June 2019 so it was not possible to assess actual implementation. Practical implications UWO is a useful tool for controlling money laundering. Social implications Effective control of money laundering can reduce crime. Originality/value No other study has examined the reasons for the introduction of the UWO in Trinidad and Tobago and the potential challenges to implementation.

Right time, right place, right strategy

2018 ◽  
Vol 34 (9) ◽  
pp. 29-31
Keyword(s):  
Case Studies ◽  
Design Methodology ◽  
Reading Time ◽  
International Markets ◽  
Cutting Edge ◽  
Maximum Effect ◽  
Content Type ◽  
Value Perceptions ◽  
Pertinent Information ◽  
Practical Implications

Purpose Reviews the latest management developments across the globe and pinpoints practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings The age-old problem for firms seeking to exploit international markets is how to position themselves to maximum effect in a given country. Should they redefine themselves and their brand so that they “fit in” with the market and its expectations, or trade on the fact they are foreign and what that may mean in terms of quality or value perceptions. Or indeed, why not try both, and some firms have to hedged their bets in adopting elements of both positions so as not to alienate a market completely. The answer for any firm lies somewhere among these three broad options. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

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