scholarly journals Strategic Management in the Function of Adjustment of Modern Shipping Companies to the Market

2018 ◽  
Vol 54 (1) ◽  
pp. 11-21
Author(s):  
Marko Novaselić ◽  
Donald Schiozzi ◽  
David Sopta
Keyword(s):  
Strategic Management ◽  
Economic Crisis ◽  
Business Strategy ◽  
Scientific Paper ◽  
Business Strategies ◽  
Shipping Company ◽  
Business Operation ◽  
Global Economic Crisis ◽  
The Creation ◽  
Trade Market

Under the influence of the global economic crisis, many shipping companies have been forced to sell their old and poorly prospective vessels and change their business strategy in order to survive on the market. The purpose of this scientific paper is to present a change in business strategy within shipping companies aimed at adapting to current needs of the trade market. The analysis of the role and features of strategic management in business operation of modern shipping companies is carried out in this paper with the aim of identifying and analysing those factors that affect the creation of business strategies and the need of shipping companies to adapt to the market. In the empirical part, business strategy of the largest Croatian shipping company, Tankerska plovidba d.d. (Plc.) of Zadar, has been explored and analysed, along with that of Stena Ltd., one of the largest global shipping companies, which represents a business sphere created through a multiple merger of shipping companies into one, with the purpose of increasing competitiveness on the market.

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.

Permaculture approach: linking ecological sustainability to businesses strategies

2015 ◽  
Vol 26 (6) ◽  
pp. 795-809 ◽  
Author(s):  
Faiza Akhtar ◽  
Suleman Aziz Lodhi ◽  
Safdar Shah Khan
Keyword(s):  
Strategic Management ◽  
Business Strategy ◽  
Business Community ◽  
Business Strategies ◽  
Ecological Sustainability ◽  
Economic Returns ◽  
Global Business ◽  
Business World ◽  
Content Type ◽  
Strategy Process

Purpose – The purpose of this paper is to discuss the concept of ecological sustainability is attracting attention of global business community as neoclassical approach continues to fail in delivery. There is now an emerging need to explore new approaches towards balancing ecological and economic returns. The paper extends the philosophy of Permaculture into business domain and explores its compatibility to be integrated with strategic management perspectives. Design/methodology/approach – The study primarily conducts a review of Permaculture and Strategic Management domains and uncovers the compatibility between the two domains while arguing that the integration of Permaculture philosophy in business strategy would achieve sustainability. Findings – Permaculture philosophy is compatible with Strategic Management process for developing business strategies. It can incorporate ecological and social aspects for developing integrated strategy process for sustainability in organizations. Research limitations/implications – Focusing on financial and non-financial value addition contributed by organizations towards community would lead to long-term sustainability of the organization and the community which supports it. Originality/value – The study extends the emerging philosophy of Permaculture into the established domain of Strategic Management. Arguing that simultaneous equilibrium of capacities, resources and demands of stakeholders must be maintained for sustained economic success in business world.

scholarly journals New approaches to the solving of economic crisis in business management

2009 ◽  
Vol 55 (No. 7) ◽  
pp. 307-313
Author(s):  
E. Svoboda
Keyword(s):  
Change Management ◽  
Crisis Management ◽  
Economic Crisis ◽  
Business Management ◽  
Business Strategies ◽  
Process Of Change ◽  
Modern Management ◽  
New Approaches ◽  
Main Factors ◽  
The Creation

The paper presents the results of the research focused on crisis management, which is based on the process of change management by the author-formulated methodology of the creation, implementation and changes of business strategies and requirements for their improvement due to the incidence of a turbulent management environment and other essential factors. The main factors of crisis and methods of their analysis are formulated. Thereinafter, the strategies of solving crisis situations are formulated. The company Bioveta, Inc. is analysed in detail. The research has proved that companies with modern management need a well-made and working system of crisis management due to their complexity and risks.

scholarly journals Effective Business Strategy for International Strategic Performance: An Empirical Study of Chinese Construction Firms

2014 ◽  
Vol 2 (3) ◽  
pp. 43-55
Author(s):  
Dilafruz Mirzaeva Faziljanovna ◽  
Gao Yongqian
Keyword(s):  
Empirical Study ◽  
Strategic Management ◽  
Business Strategy ◽  
Business Strategies ◽  
International Strategy ◽  
Chinese Firms ◽  
Strategic Performance ◽  
Cost Leadership ◽  
International Performance ◽  
Generic Strategy

To build on the research of strategic management we conducted an empirical study in the context of international performance. Three principal strategies, according to Porters generic strategy theory: cost leadership cost-focus and differentiation respectively, were tested in our research model. Quantitative empirical analysis of international strategy on a sample of 58 Chinese firms was conducted to determine strategies that lead to enhanced strategic performance. We utilized survey strategy encompassing questionnaire data collection. The collected data was analyzed using SPSS statistical package. Inference statistics consisting of correlation analysis and multiple regression analysis were performed. Findings of the study suggest that cost leadership and differentiation strategies impact strategic performance significantly, whereas cost-focus does not. A value of appropriate international business strategy is illustrated by supporting a relationship between strategy and international performance. The originality of contributions of the study lies in the fact that the generic business strategies’ impact on strategic performance is tested on an international market on the sample of Chinese firms. These notions enrich existing body of knowledge on strategic management. Therefore, companies conducting their business operations internationally should consider forming and implementing strategies of differentiation and cost leadership to achieve optimal business results.

WAYS TO OVERCOME THE PROBLEMS OF INSOLVENCY IN THE CONDITIONS OF CURRENT GLOBAL ECONOMIC CRISIS

2020 ◽  
Vol 5 (3) ◽  
pp. 81-86
Author(s):  
Ilxom Sayfiddinov ◽  
Keyword(s):  
Economic Crisis ◽  
National Economy ◽  
Investment Environment ◽  
Global Economic Crisis ◽  
Macroeconomic Stability

The article discusses the ways to overcome the problem of insolvency in the current global economic crisis. It also discusses in detail the ways to overcome the problem of insolvency. Opinions and conclusions were formed on insolvency, macroeconomic stability, competitiveness of the national economy, investment environment, strengthening of payment discipline

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