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.

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.

Business Strategy and the Cost of Equity Capital: An Evaluation of Pure versus Hybrid Business Strategies

2018 ◽  
Vol 31 (2) ◽  
pp. 111-141 ◽  
Author(s):  
Mehdi Khedmati ◽  
Edwin KiaYang Lim ◽  
Vic Naiker ◽  
Farshid Navissi
Keyword(s):  
Product Differentiation ◽  
Business Strategy ◽  
Lower Cost ◽  
Equity Capital ◽  
Business Strategies ◽  
Cost Of Equity Capital ◽  
Cost Of Equity ◽  
Cost Leadership ◽  
Pure Product ◽  
The Cost

ABSTRACT We examine the effect of pure (product differentiation or cost leadership) versus hybrid (a mix of product differentiation and cost leadership) business strategies on the cost of equity capital. Our results suggest that firms with a pure, relative to a hybrid, business strategy have a significantly lower cost of equity, and the cost of equity effect is equally driven by pure product differentiation and pure cost leadership strategies. We also find that firms following a pure business strategy are associated with lower systematic risk. Further, the lower cost of equity effect of a pure product differentiation strategy is more pronounced in high-technology industries and in regions with greater innovative capital. Our findings are robust to an array of robustness checks including change specification regressions and various methods for addressing endogeneity. Data Availability: All data used in this study are publicly available from the sources identified in the paper.

Teaching Methods and Syllabus Design in Business Strategy Courses

2021 ◽  
pp. 1190-1206
Author(s):  
Yulia Aray ◽  
Olga Verkhovskaya ◽  
Tatiana Klemina
Keyword(s):  
Empirical Study ◽  
Strategic Management ◽  
Competitive Advantage ◽  
Teaching Methods ◽  
Business Strategy ◽  
Management Education ◽  
Business Schools ◽  
External Environment ◽  
The World ◽  
Syllabus Design

The chapter focuses on a problem that business schools all over the world face and which is connected with the necessity to include concepts and instruments of strategic management valuable for the managers into the syllabi of the courses. It is necessary to define the requirements and expectations of the managers for the syllabus development and methods of studying. The purpose of the study is to determine the existing conformity of strategic management course syllabus and the Russian managers' perceptions of sources of competitive advantage. During the empirical study, a survey of the students of the EMBA program has been conducted. The results of the analysis indicate that managers link the sources of competitive advantage with better position of the company in the external environment that leads to greater interest in learning strategic tools which are appropriate for its detecting. The findings raise serious challenges for strategic management teaching and put into question the usefulness of proactive development of competences in strategic management education.

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 Business Strategy, ISO 31000 and Bankruptcy Risk

2021 ◽  
Vol 9 (1) ◽  
pp. 120
Author(s):  
Lu'lu'ul Jannah ◽  
Ridho Muhammad Purnomosidi
Keyword(s):  
Business Strategy ◽  
Stock Exchange ◽  
Business Strategies ◽  
Bankruptcy Risk ◽  
Cost Leadership ◽  
Iso 31000

The purpose of this study is to examine the effect of business strategy to bankruptcy risk and the effect moderate of ISO 31000 to business strategy and bankruptcy. The sample of this study is 50 firms listed on the Indonesia Stock Exchange (IDX).  the results support that business strategy has a significant effect on bankruptcy risk. Firms which implement either one of two generic business strategies of cost leadership or differentiation, sig-nificantly effect to the risk of bankruptcy. the second result is ISO 31000 has not effect moderated to business strategy and bankruptcy risk

Teaching Methods and Syllabus Design in Business Strategy Courses

2019 ◽  
pp. 163-184
Author(s):  
Yulia Aray ◽  
Olga Verkhovskaya ◽  
Tatiana Klemina
Keyword(s):  
Empirical Study ◽  
Strategic Management ◽  
Competitive Advantage ◽  
Teaching Methods ◽  
Business Strategy ◽  
Management Education ◽  
Business Schools ◽  
External Environment ◽  
The World ◽  
Syllabus Design

The chapter focuses on a problem that business schools all over the world face and which is connected with the necessity to include concepts and instruments of strategic management valuable for the managers into the syllabi of the courses. It is necessary to define the requirements and expectations of the managers for the syllabus development and methods of studying. The purpose of the study is to determine the existing conformity of strategic management course syllabus and the Russian managers' perceptions of sources of competitive advantage. During the empirical study, a survey of the students of the EMBA program has been conducted. The results of the analysis indicate that managers link the sources of competitive advantage with better position of the company in the external environment that leads to greater interest in learning strategic tools which are appropriate for its detecting. The findings raise serious challenges for strategic management teaching and put into question the usefulness of proactive development of competences in strategic management education.

Analyzing earnings management preferences from business strategies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Golrida Karyawati Purba ◽  
Cornelia Fransisca ◽  
Prem Lal Joshi
Keyword(s):  
Earnings Management ◽  
Business Strategy ◽  
Stock Exchange ◽  
Business Strategies ◽  
Real Form ◽  
Content Type ◽  
Cost Leadership ◽  
Differentiation Strategy ◽  
Financial Misstatement ◽  
Prior Literature

Purpose This study aims to examine the preference for earnings management (EM) strategies according to business strategies, namely, cost leadership strategies and differentiation strategies, Design/methodology/approach This study analyzed 262 samples of manufacturing and service companies listed on the Indonesia Stock Exchange for the period 2019. Logistic regression analysis is used to test the company’s EM strategy preferences based on the applied business strategy. Findings The results prove that business strategy has a significant effect on EM strategy preferences. Companies that implement a cost leadership strategy tend to use an accrual form of EM rather than a real form of EM. Conversely, companies that implement a differentiation strategy tend to use a real form of EM. Research limitations/implications Theoretically, this study confirms that contingency theory can explain EM practice preferences based on business strategy. Practically, this study helps auditors and financial statement analysts in assessing the quality of financial statements, as well as the risk of financial misstatement based on the business strategy adopted by the companies. Originality/value Based on prior literature, research studies on the analysis of EM strategy preferences based on business strategy have been limited.

scholarly journals ANALISIS STRATEGI BISNIS PADA UMKM KERAJINAN BAMBU DI KOTA BANDUNG

AdBispreneur ◽  
2018 ◽  
Vol 2 (3) ◽  
pp. 227
Author(s):  
Muhammad Bahtiar Abdillah ◽  
Raden Marsha Aulia Hakim ◽  
Devi Melisa Damiri ◽  
Fithriya Zahra
Keyword(s):  
Business Strategy ◽  
Swot Analysis ◽  
Descriptive Analysis ◽  
Economic Sectors ◽  
Cost Leadership ◽  
Leadership Strategy ◽  
Generic Strategy ◽  
Focus Strategies ◽  
Cost Leadership Strategy ◽  
New Jobs

ABSTRACTSMEs in Indonesia continue to grow and become one of the economic sectors that can  guarantee the lives of a more prosperous society. The increase of SMEs also opening up new jobs for the community so as to reduce unemployment in Indonesia. However this is in line with the increasing levels of competition both on National and International scale. This research will analyze business strategy on SMEs bamboo based craft. This study aims to study and know the Business Strategy on SMEs bamboo crafts in Bandung.The type of research used in this research is descriptive analysis with qualitative approach, and data analysis method used are SWOT Analysis and Porter’s Generic Strategy. The results of this study found that SMEs in this research has implemented Porter's Generic Strategy well. However on a cost leadership strategy only applied by Haur Bamboo, and differentiation and focus strategies are applied by Sari Kurnia and Awi Virage. Keywords: Bamboo craft, business strategy, SWOT, SMEs.  ABSTRAKPertumbuhan UMKM di Indonesia setiap tahunnya terus bertambah dan menjadi salah satu sektor ekonomi yang dapat menjamin kehidupan masyarakat lebih sejahtera. Dengan adanya peningkatan UMKM ini juga membuka lapangan pekerjaan baru bagi masyarakat sehingga mampu mengurangi pengangguran di Indonesia. Namun demikian hal ini seiring dengan semakin tingginya tingkat persaingan baik pada skala Nasional maupun Internasional. Penelitian ini akan dianalisis strategi bisnis pada UKM kerajinan berbasis bambu. Penelitian ini bertujuan untuk mempelajari dan mengetahui Strategi Bisnis pada UKM kerajinan bambu di Kota Bandung.  Jenis penelitian yang digunakan dalam penelitian ini adalah deskriptif analisis dengan pendekatan kualitatif. Metode analisis data yang digunakan adalah Analisis SWOT dan Porter’s Generic Strategy. Hasil penelitian didapatkan bahwa secara keseluruhan ketiga UMKM dalam penelitian ini telah menerapkan Porter’s Generic Strategy dengan baik. Namun pada strategi keunggulan biaya hanya diterapkan oleh Haur Bamboo, serta strategi diferensiasi dan fokus diterapkan oleh Sari Kurnia dan Virage Awi. Kata kunci : Kerajinan bambu, strategi bisnis, SWOT, UMKM. 

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