CASE 4 — THE NEW BUSINESS SUPPORT ACTIVITIES BY THE TOHOKU ECONOMIC FEDERATION: FOR CHANGING THE GLOBAL COMPETITIVE ENVIRONMENTS

2011 ◽  
pp. 459-471
Author(s):  
EISAKU NISHIYAMA
Keyword(s):  
Competitive Environments ◽  
Business Support ◽  
New Business

Critical Success Factors for Executives in Global Economy

2018 ◽  
pp. 40-56 ◽  
Author(s):  
Neeta Baporikar
Keyword(s):  
Global Economy ◽  
Critical Success Factors ◽  
Success Factors ◽  
Business Models ◽  
Information Communication ◽  
Critical Success ◽  
Competitive Environments ◽  
New Business ◽  
New Challenges ◽  
The One

With the convergence of information, communication and technology and global collaboration drives in modern management, it becomes imperative and crucial to understand the critical success factors (CSFs) for executives. In this globalized scenario, the internet has a dramatic impact on every kind of organization. It forms completely new challenges on the one hand but on the other hand it offers entirely new facilities. Additionally, spatiotemporal borders disappear. Totally new business models are being developed and companies have discovered completely new strategies to gain competitive advantage in this information age. Further, the advancements in society and technology, coupled with accelerations in globalization, competitive environments and changing customer's preferences have created new challenges as well as opportunities for executives. There is need to leverage on this vicissitude. To do so, it is essential to identify and understand the critical success factors (CSFs) fundamental to the success of executives and that is the core objective of this chapter.

Analysing, pursuing and networking: Towards a validated three-factor framework for entrepreneurial competence from a small firm perspective

2011 ◽  
Vol 29 (6) ◽  
pp. 695-713 ◽  
Author(s):  
Thomas Lans ◽  
Jos Verstegen ◽  
Martin Mulder
Keyword(s):  
Factor Analysis ◽  
Small Firm ◽  
Educational Programme ◽  
Food Sector ◽  
Personal Traits ◽  
Confirmatory Factor ◽  
Business Support ◽  
Business Opportunities ◽  
New Business ◽  
Three Factor

Moving beyond general personal traits as predictors for success, a growing volume of research acknowledges that entrepreneurial core processes are enabled by specific competencies which can be learned, further refined and developed. The research objective of this article is to develop a framework for entrepreneurial competence in a well-defined small firm sector by elaborating and empirically validating an existing categorization of entrepreneurial competence. The dataset includes 348 small firm owner-managers who participated in an educational programme, established to pursue new business opportunities in the Dutch agri-food sector. Exploratory factor analysis and confirmatory factor analysis revealed that three domains constitute the heart of entrepreneurial competence in this small firm context: ‘analysing’, ‘pursuing’ and ‘networking’. These three competence domains provide professionals active in sector development, small business support and (vocational) education with an empirically valid framework of clearly discernible elements of entrepreneurial competence. This framework also encompasses insights on education and learning.

scholarly journals Right First Time Improvement in Agco Mexico Pdi – Dmaic Method

2019 ◽  
Vol 9 (2S2) ◽  
pp. 403-405
Keyword(s):  
Customer Satisfaction ◽  
Low Cost ◽  
Positive Sign ◽  
Mechanical Parts ◽  
Material Resources ◽  
Competitive Environments ◽  
New Business ◽  
First Time ◽  
Dmaic Method

Tractors / Units which are reaching to the Dealer end from the plant after passing the mandatory checks & Inspection. The Quality requirement involves various elements process, people, material, resources and logistics which is more important to meet the customer satisfaction. The feedbacks are received in terms of pre delivery inspection (PDI) observations from AGCO Mexico team. The adequacy and adherence are to be strengthened from receipt to dispatch / transit of end product till dealer point at Mexico. The sustainable actions are initiated using the RCA and problem solving tools and 6 sigma tools to reduce the variance at various stages of manufacturing plant and transit. Quick wins are implemented for the single cause issues as well as low cost actionable issues. Hence the desired enhancement of Right first time (RFT) at dealer / Mexico can be achieved which is under progress.The Pre-Delivery inspection (PDI) is process of checking the units before dispatch to the requested customer when the time of sale. Basically it is a Check sheet kind of documents which carried by a specially qualified engineers. They are basically check all functional parameters of the tractors and cross examine the aesthetics of the products based on customers’ expectations. PDI will vary from product to product and classified based on the features inbuilt in the units, but essentially a complete and thorough examination of every aspect of the tractor which basically exterior panels to the interior, mechanical parts and electricals functions. A complete road test is also included by a professional driver, and if there by any minor issues, that will be fixed immediately before given to customers. Customer satisfaction is the key playing a biggest role in now a day’s business and is the key to sustain in the market. It is one of the leading indicator to evaluate customer loyalty, identify unhappy customers, reduce churn and increase business revenue. It is a main difference that helps us to grasp new business and customers in very competitive environments. This will give on positive sign for customer centric approach to sustain in the business in long term.

A RESOURCE-BASED VIEW OF ALLIANCES: THE CASE OF THE HANDHELD COMPUTER INDUSTRY

1999 ◽  
Vol 03 (02) ◽  
pp. 159-183 ◽  
Author(s):  
TIM MINSHALL
Keyword(s):  
Strategic Alliances ◽  
Emerging Technologies ◽  
Competitive Environment ◽  
Future Research ◽  
Computer Industry ◽  
Resource Based View ◽  
Handheld Computer ◽  
Competitive Environments ◽  
New Business ◽  
Set Up

Strategic alliances are a common feature of uncertain competitive environments driven by fast-changing technologies. However, research also reveals that firms find strategic alliances frequently to be more expensive, less efficient and more difficult to manage than anticipated. Alliances based around emerging technologies can suffer higher failure rates and incur greater costs than the formation of a new business venture. This paper uses a resource-based perspective to examine the variety of roles that, despite the problems they present, alliances have played in the strategies of three firms competing within the rapidly evolving handheld computer industry. The paper concludes by presenting a view that the ability of a firm to set up and manage strategic alliances can be considered as a distinct organisational capability for firms seeking to compete in a fast changing competitive environment driven by emerging technologies, and indicates possible directions for future research in this area.

An Alternative to Business Plan Based Advice for Start-ups?

2012 ◽  
Vol 26 (6) ◽  
pp. 443-452 ◽  
Author(s):  
Simon Bridge ◽  
Cecilia Hegarty
Keyword(s):  
Higher Education ◽  
Higher Education Institutions ◽  
Business Plan ◽  
Business Plans ◽  
Start Up ◽  
Business Support ◽  
New Business ◽  
Pros And Cons ◽  
Start Ups

Business plans are advocated by many business support professionals and others, such as educators in higher education institutions, because they suit their purposes. A typical view is that a business plan is ‘one of the most important steps in setting up any new business’ (Burns, 2011); but their hegemony is now being questioned. Sarasvathy (2008) suggests that effectuation is the method often favoured by expert entrepreneurs and this paper seeks to combine it with an exploration view of entrepreneurship to produce an alternative tool for start-up ventures. The paper compares the pros and cons of each approach and suggests that an exploration approach is often more natural, logical and effective than the business plan based alternative.

PROSPEK USAHA INOVASI SPEAKER DAN PAJANGAN UNIK UPAYA PEMANFAATAN LIMBAH GULUNGAN KERTAS

2019 ◽  
Vol 2 (2) ◽  
pp. 171
Author(s):  
Saputri Rizki Ramadhanti ◽  
Joti Dina Kartikasari ◽  
Alfian Muttoqim Muttoqim ◽  
Umi Farida Farida ◽  
Amanda Oktaviani Amanda
Keyword(s):  
College Students ◽  
Social Media ◽  
Economic Value ◽  
Waste Paper ◽  
Direct Selling ◽  
Paper Waste ◽  
Entrepreneurial Spirit ◽  
Surrounding Environment ◽  
Business Opportunities ◽  
New Business

The amount of paper waste, especially paper waste of yarn rolls in the socks manufactured factory and the convection industry that has not been used to get high economic value is an opportunity to open a new business, especially in the electronic and art craft product. SEPIK PANIK (Speaker of Music and Unique Display of Waste Paper Rolls) is an innovation from processing paper waste to be a unique speaker. The purposes of this program are: 1) Utilizing paper waste to get high selling value. 2) Creating handmade products from paper waste into speakers as well as unique creative display. 3) To accommodate the desire of college students who have entrepreneurial spirit and artistic creations to open new business opportunities. The method of make this SEPIK PANIK product includes 1) Making paper tube of speaker and 2) Making a Unique Display. The Sales of this product have been carried out during May to August 2019, products that have been sold are 34 units, obtained a profit of Rp. 1.170,000. Sales and promotion methods are carried out both online through social media and offline, namely direct selling and consignment. Based on these results, this business is very profitable and can benefit the surrounding environment.

Finn Kydland and Edward Prescott: Driving Forces behind Economic Cycles (2004 Nobel Prize in Economics)

2005 ◽  
pp. 133-143 ◽  
Author(s):  
E. Balashova
Keyword(s):  
Nobel Prize ◽  
Driving Forces ◽  
Microeconomic Theory ◽  
Business Cycle Theory ◽  
Economic Cycles ◽  
Cyclical Fluctuations ◽  
Long Run ◽  
Time To Build ◽  
New Business ◽  
Extensive Research Program

The method of analyzing and modeling cyclical fluctuations of economy initiated by F. Kydland and E. Prescott - the 2004 Nobel Prize winners in Economics - is considered in the article. They proposed a new business cycle theory integrating the theory of long-run economic growth as well as the microeconomic theory of consumers and firms behavior. Simple version of general dynamic and stochastic macroeconomic model is described. The given approach which was formulated in their fundamental work "Time to Build and Aggregate Fluctuations" (1982) gave rise to an extensive research program and is still used as a basic instrument for investigating cyclical processes in economy nowadays.

MEMBANGUN PROTOTYPE SISTEM INFORMASI ARSIP ELEKTRONIK SURAT PERJANJIAN KERJASAMA PADA BUSINESS SUPPORT DEPARTEMENT

2018 ◽  
Vol 14 (2) ◽  
pp. 157
Author(s):  
Rusdiansyah Rusdiansyah
Keyword(s):  
Business Support

Informasi yang baik dan cepat sangat dibutuhkan setiap organisasi atau perusahaan, guna membantu efisiensi dan efektifitas kerja. Saat ini penggunaan internet sudah sangat berkembang. internet digunakan untuk mencari informasi dan mendukung proses bisnis, sehingga mendorong perusahaan semakin kompetitif. Pada Business Support Departement Consumer Cards Group Bank Mandiri, saat ini masih kurang efektif untuk manajemen kearsipan dalam penyimpanan dokumen perjanjian kerjasama antara Bank Mandiri dengan Partner. Dengan harapan dapat mempermudah proses penyimpanan dokumen perjanjian kerjasama pada Business Support Departement serta diharapkan sistem ini dapat mengoptimalkan proses penyimpanan dokumen perjanjian kerjasama maupun dalam penyajian informasi yang dibutuhkan secara internal, seperti laporan data perjanjian kerjasama dengan sistem komputerisasi dan aplikasi yang berbasis web, efektifitas kerja dapat dimaksimalkan, penyimpanan data dan pengaksesan data dapat dilakukan secara cepat dan efisien. Akhirnya informasi yang dihasilkan akan lebih cepat dan tepat. 

A Digital Economy Model for Talent Prediction Data Analytic

2019 ◽  
Vol 2 (4) ◽  
pp. 260-266
Author(s):  
Haru Purnomo Ipung ◽  
Amin Soetomo
Keyword(s):  
Business Model ◽  
Industrial Revolution ◽  
Technology Innovation ◽  
Cost Effective ◽  
Sharing Economy ◽  
Token Economy ◽  
Economy Model ◽  
New Business ◽  
The Cost ◽  
Data Analytic

This research proposed a model to assist the design of the associated data architecture and data analytic to support talent forecast in the current accelerating changes in economy, industry and business change due to the accelerating pace of technological change. The emerging and re-emerging economy model were available, such as Industrial revolution 4.0, platform economy, sharing economy and token economy. Those were driven by new business model and technology innovation. An increase capability of technology to automate more jobs will cause a shift in talent pool and workforce. New business model emerge as the availabilityand the cost effective emerging technology, and as a result of emerging or re-emerging economic models. Both, new business model and technology innovation, create new jobs and works that have not been existed decades ago. The future workers will be faced by jobs that may not exist today. A dynamics model of inter-correlation of economy, industry, business model and talent forecast were proposed. A collection of literature review were conducted to initially validate the model.

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