Holistic, Continuous Assurance Integration: e-Business Opportunities and Challenges

2002 ◽  
Vol 16 (s-1) ◽  
pp. 1-20 ◽  
Author(s):  
Marilyn M. Greenstein ◽  
Amy W. Ray
Keyword(s):  
Value Chain ◽  
Organizational Structures ◽  
Business Environment ◽  
Business Practices ◽  
Global Business ◽  
Accounting Firms ◽  
Accounting Firm ◽  
Assurance Services ◽  
Client Firm ◽  
The Impact

This paper explores the impact of web-based e-business operations on client firm processes and accounting methods, and addresses related issues for accounting firm assurance services teams to consider. In particular, some of the complications and potential problems associated with the use of traditional assurance methods on e-businesses with digital operating environments are discussed. The flexibility required to respond to the everchanging business environment of e-enabled client firms will require accounting firm leaders to rethink and reengineer existing management structures and practices. While clients of accounting firms are realizing tremendous value by streamlining information flows and increasing information sharing internally and externally, accounting firms remain organized primarily into discreet functions that often compete internally for customers. An e-business model, the Customer-Oriented Value Chain, is employed to frame the discussion of emerging accounting issues resulting from new digital business practices. Within this context we develop 16 propositions regarding potential methods accounting firms may consider applying for two purposes: (1) better alignment of traditional assurance practices with client firm e-business activities, and (2) better integration of existing assurance offerings. Subsequently, the challenges associated with offering integrated assurance services given current accounting firm organizational structures is discussed and a model of suggested organizational changes to accounting firms is presented. This model is inspired by the CPA Vision Project, the AICPA's Certified Information Technology Professional (CITP) designation, and the new Global Business Credential initiatives, and is intended to serve as a prototype upon which to build improved organizational structures. Some of the potential benefits of reorganization and better services integration include more efficient use of firm resources, greater profitability, more efficient associate training, a clearer understanding of client business processes, and greater value provision to clients.

Organizational Structures in Publishing

2019 ◽  
pp. 289-309
Author(s):  
Frania Hall
Keyword(s):  
Value Chain ◽  
Organizational Structures ◽  
Business Environment ◽  
Considerable Time ◽  
Organizational Behaviour ◽  
New Ways Of Working ◽  
Traditional Structure ◽  
Service Oriented ◽  
Contemporary Management ◽  
The Impact

The structures of publishing organizations have evolved over considerable time and are continually adapting to changes in the business environment. This chapter looks at the emergence of the traditional structure of a publishing business, including models such as the communications circuit and the value chain, and examines the impact digital change and convergence is having on the organizations we see today. These organizations are becoming more flexible as they try new ways of working which are project-based and often service oriented; applying contemporary management and organizational behaviour theory and introducing research from industry leaders, this chapter will explore the opportunities going forward to design adaptable structures that will allow for new forms of innovation.

scholarly journals Judaism and Jewish Business Practices

2018 ◽  
Vol 9 (4) ◽  
pp. 73
Author(s):  
Samuel L. Dunn ◽  
Joshua D. Jensen
Keyword(s):  
21St Century ◽  
Business Environment ◽  
Business Practices ◽  
Business Professionals ◽  
Global Business ◽  
Jewish Culture ◽  
Multiple Cultures ◽  
Basic Understanding ◽  
History Of ◽  
Business Professional

Today’s global business environment is extremely diverse. With the business tools and resources that are available today, organizations of any size can create a global footprint easier than ever before. Today’s business professionals must be educated and trained in how to effectively interact with multiple cultures in order to successfully navigate the global business environment. Knowledge, acceptance, and appreciation of various cultures along with a fervent understanding of business practices in various cultures is required of the 21st century global business professional. This paper focuses on Jewish culture and how it manifests itself through Jewish business practices. The purpose of this paper is to give the reader a basic understanding of the principal branches of Judaism, a history of Judaism, an explanation of Jewish beliefs, and an introduction to Jewish business practices in hopes that further study will be elicited.

scholarly journals The Impact of Supply Chain Partnership on Firm Performance: an Empirical Study Based on Listed Manufacturing Companies in China

2021 ◽  
Vol 14 ◽  
pp. 22-38
Author(s):  
Panxin Zhou
Keyword(s):  
Supply Chain ◽  
Firm Performance ◽  
Transaction Costs ◽  
Resource Sharing ◽  
Information Exchange ◽  
Business Environment ◽  
Manufacturing Companies ◽  
Additional Test ◽  
Global Business ◽  
The Impact

Today, Supply Chain Management (SCM) is regarded as an essential strategic factor, which has a great deal of influence on earning competitiveness in global business environment. There are conflicts among all members of the SCM. In order to maximize the total profit of the SCM, negotiation among all members is necessary. For enterprise in the supply chain, the supply chain partnership has become a significant factor affecting firm performance. In this paper, I examine the impact of cooperation between enterprise and its supply chain partners. Specifically, I collect survey data from Chinese manufacturing firms about their relations with partners and use regression analysis to test hypotheses about the associations between firm performance and supply chain partnership. My results support that superior supplier partnership has a positive impact on reducing transaction costs and improving financial and market performance. In additional test, I establish a series of models with interactive terms. The results of additional test indicate that the impact is enhanced if the competition of each sub industry of the manufacturing industry is different. Above all, I put forward the following suggestions. Enterprise managers could establish an evaluation mechanism of suppliers and retailers, which select high-quality cooperative partners and reduce low-quality transaction costs for enterprises. When participating in business operation, shareholders could comprehensively understand the business conditions of various supply partners and choose reliable supply chain partners for investment. Also, the government can guide the realization of resource sharing and information exchange among supply chain enterprises, which is beneficial to create a more competitive supply chain to promote economic development.

Proposed Framework for Research in the Triple A (Agility, Adaptability, Alignment) in Supply Chains

2011 ◽  
pp. 306-321 ◽  
Author(s):  
Ivan Arana-Solares ◽  
Jose Machuca ◽  
Rafaela Alfalla-Luque
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Competitive Advantage ◽  
Business Performance ◽  
Business Environment ◽  
Sustainable Competitive Advantage ◽  
Global Business ◽  
The Impact

In the rapidly changing global business environment, it can be seen that supply chain designs based solely on efficiency and speed do not necessarily lead to a sustainable competitive advantage. According to Lee (2004), this can only be done if supply chains are designed to incorporate the Triple A: Agility, Adaptability and Alignment. Although Lee provided some examples, to date his claim has not been empirically tested, which is essential. A number of studies have looked at the three component parts of the Triple A separately, but as yet no studies have focused on all three Triple A components concurrently, or on the impact they have on business performance. The main aim of this chapter is to determine the dimensions and factors that characterize these variables, in order to empirically test the accuracy of Lee’s claim.

Conventional banks and Fintechs: how digitization has transformed both models

2019 ◽  
Vol 41 (6) ◽  
pp. 19-29
Author(s):  
Elisabeth Paulet ◽  
Hareesh Mavoori
Keyword(s):  
Business Model ◽  
Financial Institutions ◽  
New Technologies ◽  
Business Environment ◽  
Business Practices ◽  
Content Type ◽  
Digital Revolution ◽  
Banking Strategy ◽  
Conventional Banks ◽  
The Impact

Purpose The digital revolution has substantially changed the business environment. Most banks have acknowledged the importance of new technologies to improve performance and client satisfaction. The development of these innovations has led to the entrance of the so-called Fintechs. This paper aims to evaluate the impact of these transformations on the performance of financial institutions and on their business model. Design/methodology/approach The authors use data envelopment analysis and Malmquist total productivity indices to measure financial institutions’ efficiency and their influence on strategy. Findings The main finding is that clients are more than ever at the core of banking strategy. The irrelevance of distance in basic banking transactions has reduced expenses and contributed to increasing revenues for all financial institutions. Banks will have a card to play in the advice they can bring to their clients. Practical implications This research could be of interest for financial managers who wish to re-examine their current business practices and imagine their business model for the future. Originality/value The contribution will be to further define the correlation between the provision of electronic banking services and its performance by including diversified institutions (conventional banks, Fintechs, Gafas) in the sample from multiple geographic zones to identify differences as regards their efficiency and business practices.

Behind the veil

2011 ◽  
Vol 1 (2) ◽  
pp. 1-5
Author(s):  
Alexandra Snelgrove ◽  
Ariane Ryan
Keyword(s):  
Value Chain ◽  
Rural Women ◽  
Business Environment ◽  
Subject Area ◽  
Cultural Issues ◽  
Content Type ◽  
Development Tool ◽  
A Value ◽  
The Veil ◽  
The Impact

Subject area The case addresses issues related to value chains, sustainable businesses, business environment in emerging economies and cross-cultural issues. applicability/applicability This case would be best addressed by students in upper years of their undergraduate degree or at a Master's level. Case overview The case addresses a project conducted by MEDA in Pakistan which focused on developing a value chain in the embroidery sector with the end goal of improving the livelihood of homebound rural women. The case walks the students through the local cultural constraints, the project design the development of the various value chain actors and the most significant outcomes. The primary issue requires the students to evaluate the most appropriate exit strategy for MEDA which would not harm the existing networks and allow the whole value chain to continue sustainably. Expected learning outcomes To appreciate the complexity of value chain development while understanding the benefits and opportunities they offer. To understand the importance of sustainability and how this can be achieved using market tools. To grasp the concept of exit strategies in the context of development projects and explore various ways these can be structured. To identify the impact of culture on business environment. Integrating the poor into thriving markets. Business as a development tool. Supplementary materials Teaching notes

The Role of Electronic Business in the Reengeneering and Integration of Business Processes

2017 ◽  
Vol 55 (4) ◽  
pp. 539-560
Author(s):  
Slavoljub Milovanović ◽  
Tanja Janaćković ◽  
Jovica Stanković
Keyword(s):  
Enterprise Resource Planning ◽  
Information Technologies ◽  
Business Processes ◽  
Resource Planning ◽  
Business Environment ◽  
Customer Relationship ◽  
Planning System ◽  
Business Practices ◽  
Electronic Business ◽  
The Impact

AbstractElectronic business leads to the reengineering of business processes in a company, which encompasses integrating processes through customer relationship management, supply chain management, and an enterprise resource planning system. The aim of the paper is to analyse the impact of electronic business on enterprise transformation through reengineering and integration of business processes. The significance of the research is to emphasise management problems and challenges encountered by companies due to electronic business and application of information technologies. The research applies an analytical method to examine the effects of electronic business on business processes. The main contribution of the research is to look at electronic business as an initiator and the cause of radical changes in business processes characterised as reengineering. By transforming their business practices into electronic business, companies make significant efforts in their restructuring in order to deal with the changes in the competitive environment. The basis of these efforts is a redesign and change of business processes. The conclusion is that introducing the Internet and Web-technologies in business does not require only a radical reengineering of existing basic business processes but also generation of new ones, which would support the new business environment.

scholarly journals MANAGING RISK WITH THE USE OF COMPUTER SIMULATION

2021 ◽  
Vol 2 ◽  
pp. 17-23
Author(s):  
Monika Bučková ◽  
Miroslav Fusko ◽  
Gabriela Gabajová ◽  
Martin Gašo ◽  
Branislav Mičieta ◽  
...  
Keyword(s):  
Computer Simulation ◽  
Risk Management ◽  
Simulation Model ◽  
Action Plan ◽  
Business Environment ◽  
Global Business ◽  
Risk Management Methodology ◽  
External Risk ◽  
Managing Risk ◽  
The Impact

Internal and external risk management has become an important issue in today's global business environment, which is fraught with health, natural, political, economic and technical threats. This article deals with the design of a methodology for problem-solving and risk management in connection with computer simulation. The risk management methodology proposed by us consists of individual steps, which are summarized into three stages - risk assessment, risk analysis and risk management. The proposed computer simulation methodology consists of several steps, for example creating a parametric simulation model, designing experiments, analysis of the simulation model results or the evaluation of the simulation results. These steps are described in the article. After completing the previous steps, we describe the points of an action plan and what it must contain to avoid consequences and the impact of risks at the lowest possible level. An example of the use of computer simulation is the risk situation associated with the fluctuation of employees. In the end, the proposed methodology is supported by the results of our research and its further direction.

scholarly journals Buddhism and Buddhist Business Practices

2019 ◽  
Vol 10 (2) ◽  
pp. 115
Author(s):  
Samuel L. Dunn ◽  
Joshua D. Jensen
Keyword(s):  
Business Environment ◽  
Business Practices ◽  
High Likelihood ◽  
Business Professionals ◽  
Global Business ◽  
Doing Business ◽  
Present Information ◽  
The World ◽  
Basic Understanding ◽  
History Of

The 21st century global business environment is more diverse and interconnected than ever before. As organizations continue to expand their global reach, business professionals often find themselves having to navigate challenging cultural and religious terrain, which they may not be prepared for. While it is impossible for someone to learn the intricacies of all cultures and religions throughout the world, one can seek to learn about some of the more prominent cultures and religions of the world – particularly those they have a high likelihood of engaging with at some point in his or her business career. This paper examines Buddhism, a prevalent religion throughout many parts of the world, and discusses how its culture and beliefs are manifested through Buddhist business practices. Particular focus is placed on business in Thailand, the country with the highest percentage of Buddhists. The purpose of this paper is to provide business professionals with a basic understanding of the history of Buddhism, an overview of the major beliefs of Buddhists, and to present information that will assist business professionals in successfully navigating intercultural affairs when doing business with Buddhists in Thailand or around the world.

Framework of Competencies for Internationalizing Engineering Curriculum

2015 ◽  
Vol 4 (1) ◽  
pp. 22-32
Author(s):  
Fola Michael Ayokanmbi
Keyword(s):  
Global Economy ◽  
Engineering Students ◽  
Business Environment ◽  
Engineering Practice ◽  
International Assignments ◽  
Global Business ◽  
Language And Culture ◽  
Global Engineering ◽  
Engineering And Technology ◽  
The Impact

The globalization of corporate activities requires corporations to function through their international network of subsidiaries and has major implications for engineering education. Hence, it is imperative that engineering students have a global view of engineering practice because engineering solutions have impact across geographical borders. The cultural, geographic, social, and economic realities of the global economy require that modern engineers be competent in foreign language and culture in order to succeed in the global business environment. Equipping engineering students with social and cultural competencies would provide students, who may potentially work on international assignments, with the ability to collaborate with foreign nationals and successfully function in a global engineering environment. This paper examines the impact of globalization on engineering and technology education and discusses the competencies required to ensure that engineering and technology students are adequately prepared to make them more effective in foreign environments.

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