scholarly journals DEVELOPMENT OF SUSTAINABILITY INDICATORS: APPROACHES, CHALLENGES AND OPPORTUNITIES

2018 ◽  
pp. 291
Author(s):  
Ksenija Denčić-Mihajlov ◽  
Stefan Zeranski
Keyword(s):  
Performance Evaluation ◽  
Competitive Advantage ◽  
Performance Indicators ◽  
Business Environment ◽  
Business Strategies ◽  
Global Reporting Initiative ◽  
Environmental Consequences ◽  
Challenges And Opportunities ◽  
Selection Of

Rapidly changing and complex business environment requires from enterprises to cautiously develop their business strategies in order to achieve and maintain competitive advantage over the long term. With the awareness of importance of environmental consequences and sustainability, market value is no longer determined by single financial performance indicators. The sustainability framework which encompasses economic, environmental and social performances has rather received an international attention of both corporate and financial sector. Even though it is generally accepted that the adoption of sustainability ratios is a most adequate and effective way for sustainability performances’ assessment, both the creation/selection of sustainability ratios and their implementation and analysis have been still examined at national and corporate levels. Most companies have adopted the internationally recognized performance evaluation systems (such as Global Reporting Initiative or United Nations Global Compact). Still, there is increasing number of companies that apply self-developed sustainable performance evaluation methodologies. The main purpose of this paper is to investigate the development and application of the performance indicators of sustainable management with the aim to offer suggestions for selection of sustainability ratios which application should increase the effectiveness of controlling and decision-making process and would lead to long term competitive advantage.

scholarly journals Supplier evaluation: The first step in effective sourcing

2013 ◽  
Vol 7 (1) ◽  
Author(s):  
Kateřina Pikousová ◽  
Petr Průša
Keyword(s):  
Performance Evaluation ◽  
Supplier Evaluation ◽  
High Quality ◽  
Supplier Performance ◽  
Evaluation Matrix ◽  
Evaluation Techniques ◽  
Selection Of

The evaluation and selection of suppliers are important tasks in any organisation. Each organisation needs to have a supplier evaluation matrix or model in place. The goal of this article is not only to give an overview of supplier performance evaluation techniques but also to present an example of such a supplier evaluation matrix used in practice. The article shows that suppliers’ qualities, strategies and abilities affect a buying company’s business. Reliable suppliers can help to develop stabile, long-term relationships that will be beneficial to both parties. Effective sourcing and purchasing require high-quality suppliers.

scholarly journals The importance of research and development for innovative activity: The overview of the top countries in Europe and worldwide

2021 ◽  
Vol 5 (2) ◽  
pp. 19-28
Author(s):  
Ivana Janjić ◽  
Milica Jovanović ◽  
Zoran Simonović
Keyword(s):  
Research And Development ◽  
Competitive Advantage ◽  
Technological Progress ◽  
Economic Globalization ◽  
Business Environment ◽  
Innovative Activity ◽  
European Countries ◽  
Vital Importance ◽  
Fierce Competition

In the conditions of economic globalization and a dynamic business environment, companies need to continuously improve and innovate their business, in order to avoid complex and fierce competition and to achieve long-term and sustainable success. Due to the intensive effect of technical and technological progress, the survival and success of the company on the market depends on the introduction of innovative changes in the company and the undertaking of research and development activities. Research and development activities are a crucial factor in generating knowledge, creating patents and innovations, as well as in the increasing of profitability in the business of modern companies. Research and development (R&D) and innovations are considered to be a cornerstone of competitive advantage. The object of this paper is to point out the vital importance that R&D has for innovativeness, i.e. for performing innovative activities at the level of European countries and worldwide.

scholarly journals The culture of excellence. Challenges and opportunities during changing times

2017 ◽  
Vol 11 (1) ◽  
pp. 322-331
Author(s):  
Marta-Christina Suciu
Keyword(s):  
High Performance ◽  
Best Practice ◽  
Well Being ◽  
Business Environment ◽  
Business Strategies ◽  
The People ◽  
Challenges And Opportunities ◽  
Modern Business ◽  
Modern Vision ◽  
Changing Times

Abstract The main goal of the paper is to highlight the importance of supporting the promotion of the culture of excellence among people involved in a way or another in contemporary business. In order to support business excellence, the culture of excellence have to empower and engage all the people within an organization to think out of the box in a modern vision suitable to the challenging and changing times we are facing now. All over the world, in the most competitive countries, regions and sectors of activities there is a paradigmatic change of business strategies and policies oriented more and more towards performance and excellence. The paper highlights the importance of promoting the culture of excellence in the contemporary changing business environment. It suggests an important shift from a perspective that focuses on the so called ‘hero of excellence’ towards promoting the culture of excellence among the whole organization. Within modern business, in order to face challenges of the changing times and to explore their opportunities all the people from an organization are considered to manifest as ‘heroes of excellence’ by co-creating and co-working together within creative and innovative teams. They have to contribute and to participate actively to assure, preserve and develop the competitiveness and well being of the whole organization. The paper supports a holistic, cross disciplinary and integrated vision. It is structured into three parts including: a brief literature review based on an overview of the current state of the literature dedicated to the topic of culture of excellence (part 1); presentation of the main steps of the process of building a sustainable high performance organization (part 2); a brief presentation of examples of best practice and case studied identified internationally (part 3); conclusions that highlight the importance of culture of excellence in changing and challenging times.

Definition and Levels of Strategy

2020 ◽  
pp. 7-10
Author(s):  
Greg Fisher ◽  
John E. Wisneski ◽  
Rene M. Bakker
Keyword(s):  
Decision Making ◽  
Competitive Advantage ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Diverse Range ◽  
Sustainable Advantage ◽  
Challenges And Opportunities ◽  
Managerial Level ◽  
Corporate Level ◽  
Selection Of

This chapter defines strategy as a diagnosis that defines or explains a business challenge or opportunity, a decision or set of decisions for dealing with the challenge or opportunity, and a coherent set of actions to deliver on the decisions so as to create sustainable advantage and superior returns over rivals. In this chapter we also distinguish between three key levels of strategy: (1) corporate-level strategy, which is concerned with the selection of business areas in which the company should compete and with the development and coordination of that portfolio of businesses; (2) business-level strategy, which is about developing and sustaining a competitive advantage for a business delivering an identifiable set of products and/or services; (3) managerial-level strategic decision-making, which is concerned with identifying and dealing with a diverse range of immediate strategic challenges and opportunities confronting a business.

EVALUATING PPP PROJECTS USING A LEAN FRAMEWORK

2018 ◽  
Vol 5 (1) ◽  
Author(s):  
Zeina Malaeb ◽  
Farook Hamzeh
Keyword(s):  
Performance Evaluation ◽  
Performance Indicators ◽  
Project Success ◽  
Evaluation Framework ◽  
Risk Allocation ◽  
The Public ◽  
Effective Performance ◽  
Contractual Agreements ◽  
New Framework

A Public Private Partnership (PPP) describes an arrangement between the public and the private sectors for providing a public asset or service. PPPs are characterized by their long-term nature, complex contractual agreements, and distinct risk allocation formulas, all which distinguish them from traditional procurement routes. Performance evaluation is a prerequisite of performance improvement and is vital to the realization of project success, particularly in PPP projects. In fact, the absence of an effective performance evaluation framework in PPPs serves as a trigger for generating below optimum service quality. Although several performance evaluation frameworks exist, they prove more suitable for traditional projects, which highlights the need to account for the unique features of PPPs. This paper first introduces the various perspectives, from the literature, used to classify project success and evaluate performance. The paper then addresses the aforementioned need by introducing a new framework for evaluating project success, using the lean concepts of transformation, flow, and value. Key Performance Indicators (KPIs) are suggested as part of the framework to serve as performance measures on PPP projects. The introduced lean framework is the first of its kind and fills the gap in PPP research by being one of the few performance evaluation tools customized for PPPs.

Possibilities of Implementing Customer Relationship Management in the Function of Improving the Competitiveness of the Civil Engineering Sector

2015 ◽  
Vol 725-726 ◽  
pp. 977-983 ◽  
Author(s):  
Boban Melovic ◽  
Mijat Jocovic ◽  
Irina Lugovskaya ◽  
Nikolai Vatin
Keyword(s):  
Customer Relationship Management ◽  
Business Processes ◽  
Civil Engineering ◽  
Relationship Management ◽  
Business Environment ◽  
Customer Relationship ◽  
Business Strategies ◽  
Crm System ◽  
Modern Business

Modern business strategies and quality of business environment are conditions for increasing competitiveness of companies in the civil engineering sector. Basic idea of Customer Relationship Management (CRM) is to shift the focus from the product to the buyer and in that way to build quality, long term and profitable relations. Products and services must be adjusted to the demands and specifications of certain clients. CRM is not a technology but a business concept, business philosophy. Basic aim of CRM in the civil engineering sector is gaining and keeping customers with the biggest purchasing potential. The article show that the implementation of the CRM system is in the direct positive correlation with business results of the companies from the civil engineering sector. In order to make the CRM strategy successful, it is necessary to determine appropriate strategy of creating long term, sustainable and profitable relationships with buyers, then to adjust business processes of the company and if necessary to adapt the organizational structure to creating the environment which is totally focused on the buyer.

scholarly journals Strategic Human Resource Planning: Responding to Changes Dynamic Business Environment and Effective to Achieve Competitive Advantage

2017 ◽  
Vol 4 (2) ◽  
pp. 117
Author(s):  
Siti Normi
Keyword(s):  
Competitive Advantage ◽  
Human Resource ◽  
Planning Process ◽  
Resource Planning ◽  
Business Environment ◽  
Sustainable Competitive Advantage ◽  
Resource Concentration ◽  
Human Resource Planning ◽  
Response Dynamic

This article discusses human resource planning issues as strategy to response dynamic and competitive business environment changes to gain sustainable competitive advantage. Also this article discusses how the stages and human resource planning process in short term, intermediate term and long term, and discusses about how long the linkage between humen resource and strategic business planning are administrative linkage, one-way linkage, two-way linkage, and integrative linkage. The last section in this article discusses the importance gaining competitive advantage sources and human resource concentration related with business issues as the action to integrate human resource fuction in the strategic business.

scholarly journals Evaluation of Airlines Performance Using an Integrated Critic and Codas Methodology: The Case of Star Alliance Member Airlines

2020 ◽  
Vol 15 (1) ◽  
pp. 83-99
Author(s):  
Kiraci Kasim ◽  
Bakir Mahmut
Keyword(s):  
Sensitivity Analysis ◽  
Performance Evaluation ◽  
Competitive Advantage ◽  
Performance Indicators ◽  
Airline Industry ◽  
Financial Indicators ◽  
Intense Competition ◽  
Specific Performance ◽  
The Stability

AbstractIn the airline industry where intense competition has taken place, performance evaluation is vital for airlines to achieve their goals and to gain a competitive advantage. This study aims to evaluate the performance of airlines based on the role of performance evaluation in the airline industry. For this purpose, twelve FSCs (Full-Service Carriers) were evaluated based on financial and airline-specific performance indicators for the 2015-2017 period. While the sample consisted of Star Alliance member airlines, an integrated CRITIC and CODAS methodology was proposed in the study. In addition, a sensitivity analysis was performed after the application to examine the accuracy and the stability of the results. The results of the study reveal that financial indicators have a higher impact on performance compared to operational indicators. Moreover, Singapore Airline (SIA) is the best airline regardless of T change.

scholarly journals Analyzing Sustainable Competitive Advantage: Strategically Managing Resource Allocations to Achieve Operational Competitiveness

2015 ◽  
Vol 6 (4) ◽  
pp. 70-86 ◽  
Author(s):  
Nurul Aida Abdul Malek ◽  
Khuram Shahzad ◽  
Josu Takala ◽  
Stefan Bojnec ◽  
Drago Papler ◽  
...  
Keyword(s):  
Resource Allocation ◽  
Competitive Advantage ◽  
Business Environment ◽  
Dynamic Decision Making ◽  
Analytical Models ◽  
Business Strategies ◽  
Sustainable Competitive Advantage ◽  
Manufacturing Strategy ◽  
Competitive Priorities ◽  
Business Operations

Abstract In today’s dynamic business environment, a key challenge for all companies is to make adaptive adjustments to their manufacturing strategy. This study demonstrates the competitive priorities of manufacturing strategy in hydro-power case company to evaluate the level of sustainable competitive advantage and also to further analyze how business strategies are aligned with manufacturing strategies. This research is based on new holistic analytical evaluation of manufacturing strategy index, sense and respond, and sustainable competitive advantage models. These models help to describe, evaluate, and optimize resource allocation to meet the performance requirements in dynamic decision making. Furthermore, these models evaluate operational competitiveness for manufacturing strategies according to the multi-criteria priority. The results show that the adjustments of competitive priorities in manufacturing strategies by implementing the proposed holistic analytical models are helpful in strategically managing business operations. The discussion derives the most critical attributes in business operations while alignment of resource allocation with competitive priorities help to strategically focus those attributes. In conclusion, we argue that resource allocation and manufacturing strategies have become the most important capabilities in a business environment where companies focus to get a sustainable competitive advantage.

Instrumentation for Dykes on Permafrost, Kettle Generating Station

1973 ◽  
Vol 10 (3) ◽  
pp. 410-427
Author(s):  
R. C. Gupta ◽  
R. G. Marshall ◽  
D. Badke
Keyword(s):  
Performance Evaluation ◽  
Free Water ◽  
Discontinuous Permafrost ◽  
Short And Long Term ◽  
Long Term Behavior ◽  
The Relationship ◽  
Selection Of

Kettle Generating Station is the second hydro electric project built in northern Manitoba in the zone of discontinuous permafrost. Most of the dykes at the project are directly founded on permafrost affected materials. With the impounding of the reservoir the permafrost in foundations will eventually thaw resulting in settlement and possible slumping of dykes. Instruments were installed in all earthfill structures and foundations to monitor their short and long term behavior. In addition, intensive instrumentation was carried out in two selected areas to assist in defining the relationship between the rates of thawing of permafrost and drainage of free water. This paper describes the instrumentation program for dykes on permafrost, the selection of instruments and their installation, and gives the performance evaluation of some of the instruments.

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