scholarly journals OBSTACLES OF ORGANIZATIONAL DEVELOPMENT - ANALYSIS OF OBSTACLES AND NECESSARY COMPETENCIES AND METHODS FOR SUCCESSFUL IMPLEMENTATION

2021 ◽  
Vol 2 ◽  
pp. 132-140
Author(s):  
Andrea Weigold
Keyword(s):  
Organizational Development ◽  
Business Environment ◽  
Successful Implementation ◽  
New Business ◽  
The Difference ◽  
New Vision ◽  
Development Analysis ◽  
Further Development ◽  
A Company ◽  
Structured Planning

In order to keep up with the new requirements of a market or a business environment, organizational developments are a necessary change to align the company with the future. Every change in the company is associated with various obstacles, ranging from the difference between the current and the new business model to the employees' acceptance of the organizational development. In order to follow the new vision of the company, structured and extensive communication and structured planning of the implementation is required, in which every stakeholder has to be involved. The change that the organization implements must be accompanied by methods and models and thus learn in the development phase how to avoid obstacles and rejection to arouse motivation and interest so that uncertainties are prevented. Different methods are listed and evaluated in their implementation and content for a possibility for the change. The main focus is on the employees because without the acceptance of the most important stakeholders in a company, no further development is possible. If the employees do not support the vision, the change will fail. In order to accompany a successful development of the company, some necessary competencies and skills are listed, which are to be imparted by the company management and which the employee must acquire. This structured and modeled procedure is intended to accompany and enable change in a company.

Sustainable development of the business environment in smart cities: a hierarchical framework

Kybernetes ◽  
2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mingnan Jiang ◽  
Yang Gao ◽  
Mingwei Jin ◽  
Sitong Liu
Keyword(s):  
Social Problems ◽  
Smart Cities ◽  
Business Environment ◽  
Interpretive Structural Modeling ◽  
Content Type ◽  
Hierarchical Framework ◽  
New Business ◽  
The Difference ◽  
Intelligent Technology ◽  
Smart Technologies

Purpose The purpose of this study is to explore a sustainable hierarchical framework for the business environment in smart cities. However, this hierarchical framework must consider unnecessary attributes and interrelationships between criteria to capture the difference between smart cities and traditional cities. Design/methodology/approach Hence, the fuzzy set theory is used for screening unnecessary attributes, the decision-making and trial evaluation laboratory (DEMATEL) is applied to manage the complex interrelationships among the aspects and attributes and interpretive structural modeling (ISM) is used to divide the hierarchy and construct a hierarchical theoretical framework. Ultimately, this research is applied to develop a sustainable hierarchical framework of the business environment in smart cities. Findings The results show that traditional social problems are still at the core of business environment development in smart cities, new smart opportunities may be discovered, but they are still limited by traditional social factors, the economy is still the main aspect of the business environment and there are still obstacles to solving social problems with smart technologies. Originality/value This theoretical hierarchical framework aims to guide smart cities toward sustainability. This study also proposes creating a predictable business environment by improving administrative efficiency, transparency, social mobility and infrastructure services and cultivating new business opportunities with intelligent technology.

scholarly journals Implications and challenges of using driver-based budgeting in contemporary business environment

2021 ◽  
Vol 9 (1) ◽  
pp. 49-57
Author(s):  
Marija Nikodijević
Keyword(s):  
Business Environment ◽  
Future Research ◽  
Management Models ◽  
New Business ◽  
Business Conditions ◽  
Further Development

The main characteristics of the business conditions of today's companies are frequent and intensive changes. The dynamic business environment of modern companies requires a new way of management that involves an implementation of new management models, methods, techniques and instruments that are adapted to the modern environment and able to respond to challenges and solve problems that arise in new business conditions. The aim of the paper is to describe the specifics of driver-based budgeting, as one of new management instruments. In comparison with traditional budgeting, driver-based budgeting possesses multiple advantages for companies that enable responding to changes in business environment in a more agile way. These advantages, as well as some perceived difficulties with its implementation in companies are described in the paper. The results of the paper contribute to the further development of the theory and can be an incentive for future research, as well as basis for making recommendations and practical instructions that could help companies improve their budgeting system.

scholarly journals Dynamic Capabilities: Closing the Competence Gap in Order to Assure Exploitation of New Opportunities

2020 ◽  
Vol 31 (4) ◽  
pp. 461-471
Author(s):  
Jurgita Giniuniene ◽  
Asta Pundziene
Keyword(s):  
Organizational Learning ◽  
Dynamic Capabilities ◽  
Business Environment ◽  
Successful Implementation ◽  
Opportunity Identification ◽  
Firm Level ◽  
Opportunity Exploitation ◽  
New Business ◽  
Research Questions ◽  
Resource Reconfiguration

Current dynamics of business environment and challenges that businesses are facing force firms to reorganize resources for becoming more effective at opportunity identification and exploitation. However, exploitation of new opportunities is often challenged by competency gap at the firm level. Often current level of competence of the firm does not meet the requirements coming with the new opportunities. In the literature on management science, learning is perceived as one of the greatest contributors in smooth and directed resource reconfiguration process. The outcome of learning is often linked to new knowledge and competencies that allow successful exploitation of identified opportunities within an external and internal business environment. Therefore, this paper aims to propose hypothetical model on how the successful implementation of new business opportunities is linked to multiple-loop organizational learning and closing of the competence gap of the firm. The aim is achieved by synergizing extant literature in the fields of dynamic capabilities, entrepreneurship and organizational learning. Critical analysis of relevant research leads to the development of a conceptual model explaining the process of how the firm is able to close the competence gap and assure successful opportunity exploitation within the firm. This results in the formation of the research questions for future empirical research. The study adds value to the existing literature by identifying the learning process that stimulates successful opportunity exploitation, drawing on the multiple-loop learning perspective, and applying dynamic capabilities framework.

scholarly journals Innovating and Entrepreneurial Initiatives: Some Cases of Success

10.28945/3717 ◽  
2017 ◽  
Vol 14 ◽  
pp. 139-161
Author(s):  
Marta Machín ◽  
Carmen De Pablos Heredero
Keyword(s):  
Business Model ◽  
Business Models ◽  
Market Competition ◽  
New Business ◽  
The Difference ◽  
Good Relation ◽  
Start Ups ◽  
A Company ◽  
Potential Customers ◽  
New Business Models

Aim/Purpose: To understand the change of entrepreneurial initiatives by analysing some new initiatives that came up the last years based on IT enabled business models Background: The theme is described from an educational perspective by offering examples of successful entrepreneurship initiatives Methodology: Description of some cases: Waynabox, Lock up, Uber, Pinterest Contribution: This project tries to become a guide for youth in order to understand various aspects: first, the entrepreneurial aspects that have to be considered before starting a business; secondly, the characteristics that successful businesses have in common; and finally how an entrepreneur can be innovative and how they can achieve the success Findings: Only the 10% of the start-ups exist more than three years. Among the causes of failure are the high saturation of the market and the market competition, which are connected to the ignorance of the real necessity of customers. The company has to identify the needs of customers. They have to define and target their customers by observing and analyzing the market and, above all, getting in touch with the customers. The business plan is something that has to be carried out before the beginning of the project, and has to exist on paper. Everything has to be planned and organised, and the objectives have to be clearly stated in order to stay focused Recommendations for Practitioners : To use existent business models as an inspiration for the creation of a new business model. It is really important to avoid copying the business model itself. One thing that a company needs to do is to make the difference offering new characteristics adapted to the current customer’s experiences Recommendation for Researchers: It is really important to have a good relation with the customer, to attend their needs and to help them with all the doubts that they can have about the company. An entrepreneur cannot be guided by his own interests. He has to invest in order to know the needs of the potential customers Impact on Society : Customer experience is key to have success in new business models

scholarly journals Designing Business Models through a Combination of BMC and UML Methods at Eiger Adventure Store Bandung

2020 ◽  
Vol 4 (2) ◽  
pp. 184-202
Author(s):  
Fadel Diva ◽  
Yudi Priyadi
Keyword(s):  
Business Model ◽  
Business Models ◽  
Qr Code ◽  
Use Case ◽  
Business Model Canvas ◽  
New Business ◽  
The Difference ◽  
Counterfeit Products ◽  
A Company ◽  
Use Case Diagram

Eiger Adventure Store Bandung is a company that manufactures outdoor clothing and accessories. The problem with Eiger, related to the lack of activities to educate customers about the difference between original and counterfeit products. Referring to the problems in Eiger, the purpose of this study is to design a Business Model Canvas (BMC), design a business model using the Unified Model Language (UML), create a User Interface visualization through a MockupMockup. The research method used is qualitative through SWOT support. Referring to the BMC of this research, a new business model recommendation has been produced, namely QR Code Scan. This business model has been described through UML and is visualized with Mock-Up. The UML diagram involved, among them, is the Use Case Diagram, which consists of five actors, namely customers, employees, cashiers, admins, and warehouse employees. The actor interacts on four Use Cases, namely choosing a product, QR Code Scan, Database, and payment. The Class Diagram consists of five main classes: customers, employees, cashiers, admins, and warehouse employees. The process contained in the QR Code Scan is a solution to provide education to customers to be able to distinguish genuine or imitation products.  

scholarly journals The strategy of promoting and selling medicines on the Romanian market

10.26458/1944 ◽  
2019 ◽  
Vol 19 (4) ◽  
pp. 97-112
Author(s):  
Elena GURGU ◽  
Ioan Aurelian STANESCU
Keyword(s):  
Business Strategy ◽  
Medical Information ◽  
Business Environment ◽  
Pharmaceutical Companies ◽  
Economic Activities ◽  
Research Theme ◽  
New Vision ◽  
Domain I ◽  
A Company

For the purpose of writing this paper, I was motivated to choose this subject as it is a core part of the pharmaceutical companies' business strategy of promoting medicines. Regarding the importance of the research theme and the business environment, it is crucial that anyone connected to this business should realize the importance of organization, details, good deployment and impact of each event. In this respect, marketing can be seen as a true system of economic activities related to the programming of products and services that have the role of satisfying the requirements of current and potential consumers considerably, but is also linked to prices, promotion and distribution products or services.               Having knowledges about how important is the marketing part of pharmaceutical market, taking in consideration the huge budgets that medical and pharmaceutical companies spend on the events organized in this domain, I consider that a company which is able to have a new approach and a new vision for the organization of events and sharing medical education to doctors and medical information to patients will have a big success.

scholarly journals Innovating and Entrepreneurial Initiatives: Some Cases of Success

10.28945/3719 ◽  
2017 ◽  
Author(s):  
Marta Machín ◽  
Carmen De Pablos Heredero
Keyword(s):  
Business Model ◽  
Business Models ◽  
Market Competition ◽  
New Business ◽  
The Difference ◽  
Good Relation ◽  
Start Ups ◽  
A Company ◽  
Potential Customers ◽  
New Business Models

[This Proceedings paper was revised and published in the journal Issues in Informing Science and Information Technology] Aim/Purpose : To understand the change of entrepreneurial initiatives by analysing some new initiatives that came up the last years based on IT enabled business models Background: The theme is described from an educational perspective by offering examples of successful entrepreneurship initiatives Methodology: Description of some cases: Waynabox, Lock up, Uber, Pinterest Contribution: This project tries to become a guide for youth in order to understand various aspects: first, the entrepreneurial aspects that have to be considered before starting a business; secondly, the characteristics that successful businesses have in common; and finally how an entrepreneur can be innovative and how they can achieve the success Findings: Only the 10% of the start-ups exist more than three years. Among the causes of failure are the high saturation of the market and the market competition, which are connected to the ignorance of the real necessity of customers. The company has to identify the needs of customers. They have to define and target their customers by observing and analyzing the market and, above all, getting in touch with the customers. The business plan is something that has to be carried out before the beginning of the project, and has to exist on paper. Everything has to be planned and organised, and the objectives have to be clearly stated in order to stay focused Recommendations for Practitioners: To use existent business models as an inspiration for the creation of a new business model. It is really important to avoid copying the business model itself. One thing that a company needs to do is to make the difference offering new characteristics adapted to the current customer’s experiences Recommendation for Researchers: It is really important to have a good relation with the customer, to attend their needs and to help them with all the doubts that they can have about the company. An entrepreneur cannot be guided by his own interests. He has to invest in order to know the needs of the potential customers Impact on Society: Customer experience is key to have success in new business models

scholarly journals PROVISIONS CONCERNING THE ORGANIZATION OF EVENTS FOR THE PROMOTION OF PRODUCTS ON PHARMACEUTICAL MARKET IN ROMANIA

10.26458/1935 ◽  
2019 ◽  
Vol 19 (3) ◽  
pp. 111-128
Author(s):  
Alina Natalia IOSIF ◽  
Elena GURGU
Keyword(s):  
Business Strategy ◽  
Medical Information ◽  
Business Environment ◽  
Pharmaceutical Market ◽  
Pharmaceutical Companies ◽  
Economic Activities ◽  
Research Theme ◽  
New Vision ◽  
A Company

For the purpose of writing this paper, we  were motivated to choose this subject as it is a core part of the pharmaceutical companies' business strategy of promoting medicines. Regarding the importance of the research theme and the business environment, it is crucial that anyone connected to this business should realize the importance of organization, details, good deployment and impact of each event. In this respect, marketing can be seen as a true system of economic activities related to the programming of products and services that have the role of satisfying the requirements of current and potential consumers considerably, but is also linked to prices, promotion and distribution products or services.               Having knowledges about how important is the marketing part of pharmaceutical market, taking in consideration the huge budgets that medical and pharmaceutical companies spend on the events organized in this domain, we consider that a company which is able to have a new approach and a new vision for the organization of events and sharing medical education to doctors and medical information to patients will have a big success.

Technology transfer from British to Vietnamese industrial companies - venturing into a new business culture

2018 ◽  
Vol 34 (2) ◽  
Author(s):  
Ca Tran Ngoc
Keyword(s):  
Technology Transfer ◽  
Transfer Process ◽  
Oil And Gas ◽  
Service Industry ◽  
Oil And Gas Industry ◽  
Business Environment ◽  
Background Information ◽  
Business Culture ◽  
Industrial Companies ◽  
New Business

The paper examines the process of technology transfer from British industrial companies to Vietnamese companies, to look at the obstacles of this process, especially in dealing with different business culture environments. The study uses the case studies method, conducting interviews with about ten companies working in oil and gas service industry. Since this is only a first stage of the longer term project, only preliminary results were discussed. Therefore, a company in civil engineering consulting has been examined for comparison. The paper argues that the differences in perception of the same operation activity like service in oil and gas industry are crucial factors to take into account if the transfer process is to be successful. Also, the transferor and the recipient may have different behaviour in negotiating, in communicating with each other. Thus, the preparation of background information, to do "home work", patience and pro-active attitudes in trying to understand partners are important for transferring technology into different business environment.   In addition, the factors, sometime not very technology-related, such as internal political motives and organisational issues of the firms involved can be very influential in the success of technology transfer process.

An Analytical Study On Financial Planning And Strategy Formulation

2019 ◽  
Vol 118 (9) ◽  
pp. 28-34
Author(s):  
Dr P. Govindasamy ◽  
Dr.H. Premraj
Keyword(s):  
Financial Planning ◽  
Product Line ◽  
Financial Forecasting ◽  
Strategy Formulation ◽  
Wealth Maximization ◽  
Corporate Growth ◽  
Financial Plan ◽  
New Business ◽  
Future Income ◽  
A Company

Financial Planning and Forecasting is the estimation of value of a variable or set of variables at some future point. A Financial forecasting exercise is usually carried out in order to provide an aid to decision – making and planning of any line of business for future developments. This paper focuses insurance segments and tailored all the key areas of attention are such as assets, liabilities, marketing, human resources, expenditures, digitalization and technology inclusion, etc., all in one term called as wealth maximization. Financial planning and forecasting represents a blueprint of what a firm proposes to do in the future. So, naturally planning over such horizon tends to be fairly in aggregative terms. We need to focus on common elements which include economic assumptions, target forecast, proforma statements, asset requirements and the mode of financing the investments and so on. A financial plan can also be an investment plan, which allocates savings to various assets or projects expected to produce future income, such as a new business or product line, shares in an existing business. Financial forecast and financial plan can also refer to an annual projection of income and expenses for a company, division or department. This can also be an estimation of cash needs and a decision on how to raise the funds, such as through borrowing or issuing additional shares in a company. Forecasting is also used by outsiders to value companies and their securities. This is the aggregative perspective of the whole firm, rather than looking at individual projects. Growth is a key theme behind financial forecasting, so growth should not be the underlying goal of corporation – creating shareholder value is enabled through corporate growth.

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