scholarly journals A Critical Analysis of the Effects of Strategic Management on Small Scale Businesses; A case study of Patent Medicine Stores in Abuja, Nigeria

2021 ◽  
pp. 57-64
Author(s):  
Akinsola Fadeyi
Keyword(s):  
Strategic Management ◽  
Business Environment ◽  
Business Owners ◽  
Small Scale ◽  
Strategy Formulation ◽  
Chi Square ◽  
Design Data ◽  
The Impact ◽  
Patent Medicine

The impact of strategic management in businesses cannot be over-emphasised irrespective of the size or nature of the business. The strategy provides the key to success in today’s changing business environment; hence, the success of a business can be traced to a well-pronounced factor, which is strategic management. As expressed by Jauch (2015), strategy formulation is a grand plan to be followed to achieve a set objective in small-scale businesses. For improved profitability and sustainability, small-scale businesses need to manage their operations intentionally. To utilise the limited resources effectively for higher profitability, small-scale businesses need a strategy; when resources are finite, when there is uncertainty about competitive strength and behaviour, when decisions must be coordinated between far places and overtime, and when there is uncertainty about control of initiative Miller (2013). However, the study critically analysed the effect of strategic management on small-scale businesses of Patent Medicine Stores in Abuja, Nigeria, especially in the 21st century. The methodology comprises the research and questionnaire design, data collection and data analysis techniques. The researcher was able to retrieve 53 questionnaires out of 70 and test the hypothesis using the chi-square method. From the result after the research, the researcher discovered that strategic management has a great effect on small-scale businesses of patent medicine stores in Abuja, Nigeria. Conclusively, business owners and managers must formulate policies and strategies if their businesses must continue to exist, serve and sustain competition.

scholarly journals The impact of the IS on the effectiveness of the sales funnel management as a part of CRM in an automotive company

2016 ◽  
Vol 4 (2) ◽  
pp. 74-92
Author(s):  
Tanja Grublješič ◽  
Nejc Čampa
Keyword(s):  
Business Environment ◽  
Customer Relationship ◽  
Case Study Analysis ◽  
Automotive Company ◽  
Mere Existence ◽  
Measures Of Effectiveness ◽  
Sales Funnel ◽  
The Impact

Sales Funnel Management (SFM) as a part of the Customer Relationship Management (CRM) is of great importance in the automotive industry when the companies want to attract new customers and retain the existing ones. Due to the complex and changing business environment customers are becoming more and more demanding and less loyal to their current brands. Existing research has shown that IT/IS play a crucial role throughout the execution of the CRM activities. However, the mere existence of an IS in a company is not enough. The ability and willingness of companies to use these IS in a sufficient manner plays a key role in the success and failure of CRM activities. Therefore, the objective of the article is to show how the role of the IS impacts on the effectiveness of the SFM through conducting a case study analysis in a leading German automotive company. The results show that IS has an important impact on improvements in execution of all phases of SFM and importantly contributes to primary goals and measures of effectiveness of the SFM in the automotive company, which are the increased number of vehicles sold and the lowest possible cost per vehicle sold, as well as higher level of customer satisfaction.

scholarly journals Strategic company management in the digital business environment

2018 ◽  
Vol 26 (3-4) ◽  
pp. 82-91
Author(s):  
Mykola Gennadiyovych Nikolaev
Keyword(s):  
Strategic Management ◽  
Industrial Revolution ◽  
Design Method ◽  
Business Environment ◽  
Future Research ◽  
Digital Environment ◽  
Doing Business ◽  
Analysis And Synthesis ◽  
Modern Business ◽  
The Impact

Purpose – to analyze strategic company management in the digital business environment. Design/Method/Approach. General scientific methods are applied: systematization, comparison, generalization, analysis, and synthesis. Findings. The essence of strategic management and its significance to a company has been analyzed. The relationship between strategic company management and digital business environment has been elucidated. Basic trends for doing business in the digital environment have been defined. Theoretical implications. Theoretical significance of the research is in the advancement of opinion on the strategic company management in digital business environment. Practical implications. The practical value of the research is in the possibility of applying the results obtained by both international and domestic companies for strategic management in the digital business environment that emerged as a result of the Fourth industrial revolution. Originality/Value. The main trends of modern business in the digital environment have been identified. The choice of strategies of multinational companies has been identified, as well as the areas of their application in digital business environment. Research limitations/Future research. The prospects for further research are to study the strategic management of international companies and analyze the impact of digital business environment on their development. Paper type – theoretical.

scholarly journals Numerical simulations of June 7, 2020 convective precipitation over Slovakia using deterministic, probabilistic, and convection-permitting approaches

Időjárás ◽  
2021 ◽  
Vol 125 (4) ◽  
pp. 571-607
Author(s):  
André Simon ◽  
Martin Belluš ◽  
Katarína Čatlošová ◽  
Mária Derková ◽  
Martin Dian ◽  
...  
Keyword(s):  
Satellite Imagery ◽  
Weather Prediction ◽  
Severe Weather ◽  
Precipitation Forecast ◽  
Convective Precipitation ◽  
Small Scale ◽  
Limited Area ◽  
Systematic Effect ◽  
The Impact

The paper presented is dedicated to the evaluation of the influence of various improvements to the numerical weather prediction (NWP) systems exploited at the Slovak Hydrometeorological Institute (SHMÚ). The impact was illustrated in a case study with multicell thunderstorms and the results were confronted with the reference analyses from the INCA nowcasting system, regional radar reflectivity data, and METEOSAT satellite imagery. The convective cells evolution was diagnosed in non-hydrostatic dynamics experiments to study weak mesoscale vortices and updrafts. The growth of simulated clouds and evolution of the temperature at their top were compared with the brightness temperature analyzed from satellite imagery. The results obtained indicated the potential for modeling and diagnostics of small-scale structures within the convective cloudiness, which could be related to severe weather. Furthermore, the non-hydrostatic dynamics experiments related to the stability and performance improvement of the time scheme led to the formulation of a new approach to linear operator definition for semi-implicit scheme (in text referred as NHHY). We demonstrate that the execution efficiency has improved by more than 20%. The exploitation of several high resolution measurement types in data assimilation contributed to more precise position of predicted patterns and precipitation representation in the case study. The non-hydrostatic dynamics provided more detailed structures. On the other hand, the potential of a single deterministic forecast of prefrontal heavy precipitation was not as high as provided by the ensemble system. The prediction of a regional ensemble system A-LAEF (ALARO Limited Area Ensemble Forecast) enhanced the localization of precipitation patterns. Though, this was rather due to the simulation of uncertainty in the initial conditions and also because of the stochastic perturbation of physics tendencies. The various physical parameterization setups of A-LAEF members did not exhibit a systematic effect on precipitation forecast in the evaluated case. Moreover, the ensemble system allowed an estimation of uncertainty in a rapidly developing severe weather case, which was high even at very short range.

scholarly journals Personal Liability Of Director Of A Company In Insolvency & Investor Frauds Cases

2021 ◽  
Vol 12 (5) ◽  
pp. 1531-1537
Author(s):  
Dr. Hina Kausar
Keyword(s):  
Criminal Law ◽  
Stock Exchange ◽  
White Collar ◽  
Business Environment ◽  
Small Scale ◽  
Internal Mechanism ◽  
The Impact ◽  
A Company ◽  
Personal Liability ◽  
Responsible Person

The present paper contributes to the understanding of impact of corporate scams and scandals and understanding the reason how these frauds and white-collar crimes impact the investors trust and business environment as a whole. When these scams occur the trust of investors break with each and every turnout. The impact of such corporate scams is not limited to the company where it took place but to each and every business, be it big corporate units or it be some small-scale businesses by directly impacting the stock exchange where the shares are listed. The authors have also tried to focus upon the issues and problems faced by the investors of the company while the company got involved in corporate scams and to figure out the responsible person of the company who will be held accountable in such kind of cases. The present study is limited to the extent of personal liability of a Director and too specifically in the cases of fraud and insolvency. White collar crimes are everywhere these days and that need to be treated as a growing branch of the Criminal law in India. With increase in the Globalization companies are growing and along with it the stakeholders of the company are also growing, any scam done will step back the investors to invest again and more in the company. Thereby with increase in the market share of a company the director of the Company has to establish an internal mechanism to tackle various white -collar crimes nurtured and how these are dealt in the court of law.

scholarly journals Noise assessment of the small-scale wind farm

2019 ◽  
Vol 112 ◽  
pp. 02011
Author(s):  
Cristian-Gabriel Alionte ◽  
Daniel-Constantin Comeaga
Keyword(s):  
Power Systems ◽  
Large Scale ◽  
Wind Farm ◽  
Wind Farms ◽  
Small Scale ◽  
Large Power ◽  
Small Power ◽  
Noise Assessment ◽  
The Impact

The importance of renewable energy and especially of eolian systems is growing. For this reason, we propose the investigation of an important pollutant - the noise, which has become so important that European Commission and European Parliament introduced Directive 2002/49/CE relating to the assessment and management of environmental noise. So far, priority has been given to very large-scale systems connected to national energy systems, wind farms whose highly variable output power could be regulated by large power systems. Nowadays, with the development of small storage capacities, it is feasible to install small power wind turbines in cities of up to 10,000 inhabitants too. As a case study, we propose a simulation for a rural locality where individual wind units could be used. This specific case study is interesting because it provides a new perspective of the impact of noise on the quality of life when the use of this type of system is implemented on a large scale. This option, of distributed and small power wind turbine, can be implemented in the future as an alternative or an adding to the common systems.

scholarly journals The Integrated Hydropower Sustainability Assessment in Tajikistan: A Case Study of Rogun Hydropower Plant

2020 ◽  
Vol 2020 ◽  
pp. 1-18
Author(s):  
Zhao Xu ◽  
Yumin Niu ◽  
Yangze Liang ◽  
Zhigang Li ◽  
Atoev Iftikhor
Keyword(s):  
Sustainability Assessment ◽  
Current Knowledge ◽  
Business Environment ◽  
External Factors ◽  
Evaluation Framework ◽  
Assessment System ◽  
Hydropower Plant ◽  
Sustainable Performance ◽  
The Impact

Tajikistan has formulated the strategy to rejuvenate the country through hydropower. The Rogun hydropower plant (HPP) is designed as the highest hydropower station, while its sustainability is also questioned due to a lack of comprehensive sustainability evaluation. Considering that the external environment of Rogun HPP is complex and changeable, its sustainable performance will be fragile and inconstant. To comprehensively assess the sustainable performance, an integrated evaluation framework, covering the current and dynamic sustainable performance, is urgently established. Therefore, this paper firstly explored the hydropower sustainability assessment indicators which can conform to Tajikistan’s situations and further examined the current sustainable performance of Rogun HPP. The case study found that Rogun HPP’s current financial viability, involuntary resettlement, the measures to prevent corruption, and information disclosure were seriously deficient. The SWOT analysis indicated the external factors, such as the Belt and Road Initiative, improving business environment, and easing geopolitical disputes, can eliminate weaknesses and improve the sustainable performance of Rogun HPP. At the same time, tight fiscal allocations and economic downturns will have negative influences on the sustainable performance. The integrated evaluation tool established in this paper can not only evaluate the current sustainable performance but also consider the impact of external factors on sustainable performance from a dynamic perspective. This paper contributes to the current knowledge system by establishing the hydropower sustainability assessment system which is suitable for Tajikistan’s conditions. Moreover, the results are informative for the decision-makers to have a better understanding of Rogun HPP’s current strengths and weaknesses, valuable opportunities, and potential threats.

Current Features of Strategy Construction

2015 ◽  
Vol 3 (4) ◽  
pp. 53-60 ◽  
Author(s):  
Гераськина ◽  
A. Geraskina
Keyword(s):  
Strategic Management ◽  
Swot Analysis ◽  
External Environment ◽  
Business Environment ◽  
Value Chains ◽  
Strategy Formulation ◽  
Resource Based View ◽  
Potential Partner ◽  
Potential Competitor ◽  
Strategy Construction

This article shows the main criteria of strategy’s efficiency. The most effective methods of strategy constructing, the ways to achieve goals and the main features of strategy formulation in modern conditions are presented. The basic disadvantages of traditional models of strategy formulation are shown: extrapolation the company’s performance over experience other organizations, resource-based view on strategic management, value chains, and the 3C’s model. Key features of current business environment are presented from the perspective of strategic management. The research develops the model of identifying direct competitor, possible and potential competitor, producer of substitute products, potential partner, and customers. The methods to evaluate their impact on the organization’s activities in the environment are presented. The basic disadvantages of the SWOT-analysis in the assessment of the external environment of organization on the basis of this model are shown.

Healthcare strategic management and the resource based view

2014 ◽  
Vol 7 (3) ◽  
pp. 251-264 ◽  
Author(s):  
Bita Arbab Kash ◽  
Aaron Spaulding ◽  
Larry D. Gamm ◽  
Christopher E. Johnson
Keyword(s):  
Strategic Management ◽  
Health Systems ◽  
Strategic Change ◽  
Strategic Decision ◽  
Comparative Case Study ◽  
Strategy Formulation ◽  
Resource Based View ◽  
Content Type ◽  
Strategic Initiatives

Purpose – The purpose of this paper is to examine how two large health systems formulate and implement strategy with a specific focus on differences and similarities in the nature of strategic initiatives across systems. The aim is to gain a better understanding of the role of resource dependency theory (RDT) and resource based view (RBV) in healthcare strategic management. Design/methodology/approach – A comparative case study design is used to describe, categorize and compare strategic change initiatives within a children's health and a multi-hospital system located in two competitive metropolitan markets. A total of 61 in-person semi-structured interviews with healthcare administrators were conducted during 2009. Summary statistics and qualitative content analysis were employed to examine strategic initiatives. Findings – The two health systems have as their top initiatives very similar pursuits, thus indicating that both utilize an externally oriented RDT method of strategy formulation. The relevance of the RBV becomes apparent during resource deployment for strategy implementation. The process of healthcare strategic decision-making incorporates RDT and RBV as separate and compatible activities that are sequential. Research limitations/implications – Results from this comparative case study are based on only two health systems. Further, the RBV perspective only takes managerial resources and time into consideration. Practical implications – Given that external resources are likely to become more constrained, it is important that hospitals leverage relevant internal resources, in the identification of competitive advantages and effective execution of strategic initiatives. Originality/value – The author propose a refined healthcare strategic management framework that takes both RDT and RBV into consideration by systematically linking strategy formulation with deployment of resources.

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