scholarly journals Contemporary Business Transformation Trends and Opportunities in Corporate Companies in the Global Economy

2020 ◽  
Vol 8 (4) ◽  
Author(s):  
J. Jose Prabhu
Keyword(s):  
Mergers And Acquisitions ◽  
Business Cycles ◽  
Global Economy ◽  
Economies Of Scale ◽  
Business Transformation ◽  
Business Change ◽  
Long Time ◽  
Usage Stage

Looking forward, 2020 will be a time of some retribution for digital initiatives and that is eventually uplifting news. 2020 will even now observe the fast scaling of advanced activities across businesses. The previous barely any a long time in business have been described by a progression of basic moves in the manner organizations work and structure themselves. As they continued looking for more prominent efficiencies, economies of scale or lower costs, organizations have held onto patterns, for example, redistributing, offshoring, and mergers and acquisitions, while fast mechanical advancement has changed the manner in which data is shared and imparted, and the manner in which business cycles and exchanges are directed. In spite of the fact that patterns, for example, offshoring, mergers and acquisitions, and enormous scope IT ventures can have various targets and require various aptitudes, they are largely instances of business change. Each kind of task expects heads to set clear goals, to guarantee that those points are perceived by everybody in the association, and to zero in cautiously on the usage stage so the destinations are accomplished. To put it plainly, each venture is tied in with overseeing huge scope change – something that in the present exceptionally circulated, worldwide association is a perplexing and requesting undertaking. In light of an overview and methodical surveys investigates the patterns that are driving business change and takes a gander at the difficulties and openings introduced by this indispensable part of contemporary business.

Peculiarities of Modern Dynamics of the Global Economy

2010 ◽  
pp. 78-92 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Business Cycles ◽  
Global Economy ◽  
Long Waves ◽  
Rapid Expansion ◽  
Business Taxation ◽  
Modern World ◽  
China And India ◽  
World Economic

Rates and factors of modern world economic growth and the consequences of rapid expansion of the economies of China and India are analyzed in the article. Modification of business cycles and long waves of economic development are evaluated. The need of reforming business taxation is demonstrated.

Noordin Sopite, Chew Lay See and Lim Siang Jin (eds.). ASI:.""AN at the OOSSToads: Obstacles, Options and Opportunities in Economic Cooperatjon. Malaysia: Institute of Strategic and International Studies (ISIS) 1987.577 pp.Price: (hardbound edition) USS 25.

1988 ◽  
Vol 27 (2) ◽  
pp. 219-222
Author(s):  
Khwaja Sarmad
Keyword(s):  
Economies Of Scale ◽  
Joint Venture ◽  
Main Concern ◽  
International Studies ◽  
Industrialized Countries ◽  
Preferential Trade ◽  
Governmental Organization ◽  
Asean Member ◽  
Long Time ◽  
Preferential Trading Arrangements

The Association of Southeast Asian Nations (ASEAN) was established In 1967 as a loosely structured inter-governmental organization, which provided a framework for discussing problems that required a regional solution. For a long time, the reduction of regional political tensions remained the main concern of ASEAN. Serious efforts towards promoting intra-regional co-operation began in 1976 with emphasis on trade liberalization and industrial co-operation. But apart from a few cases, involving the regional economies and collective external bargaining, the record of economic co-operation has been poor, because of different levels of economic development of the member countries, mutually competitive exports.. inward• looking industrial policies and heavy dependence on the industrialized countries for investment, technology and trade. So far, there have been only three intra-ASEAN agreements to promote market sharing and a pooling of resources: the preferential trade arrangements, the industrial complementation agreement, designed to develop links in certain industries to achieve greater economies of scale, and the industrial joint venture agreement, which provides preferential treatment for products of joint ventures involving the companies of at least two ASEAN member countries. However the joint venture scheme has had only limited success because of delays in implementation, while the scope of the preferential trading arrangements has been limited by the consensus approach in solving outstanding issues and by the concern of higher-tariff member countries to protect domestic production and employment. As a result, tariffs have been reduced only on intra-regional trade of selected non-sensitive items. Most of the items covered in the preferential trade agreements have low trade content and minimal trade potential. The arrangements have also been difficult to manage because of problems of administering the rules of origin.

scholarly journals ECONOMIES OF SCALE IN BANKING, CONFIDENCE SHOCKS, AND BUSINESS CYCLES

2013 ◽  
Vol 18 (5) ◽  
pp. 1069-1090 ◽  
Author(s):  
Scott J. Dressler ◽  
Erasmus K. Kersting
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
Economies Of Scale ◽  
Financial Intermediation ◽  
Monetary Shocks ◽  
Nominal Rigidities ◽  
Equilibrium Indeterminacy ◽  
Economic Volatility ◽  
Over Time

Equilibrium indeterminacy due to economies of scale (ES) in financial intermediation is quantitatively examined in a monetary business-cycle environment. Financial intermediation provides deposits that serve as a substitute for currency to purchase consumption, and depositing decisions are susceptible to nonfundamental shocks to confidence. The analysis considers various assumptions on nominal rigidities and the timing of deposit decisions. The results suggest that indeterminacy arises for small ES, and the resulting confidence shocks qualitatively mimic monetary shocks. A calibration exercise concludes that U.S. economic volatility from this nonfundamental source has increased over time while volatility from fundamental sources has decreased.

World 2021: Pandemic and economic problems remain acute

2021 ◽  
pp. 5-20
Author(s):  
M. V. Ershov
Keyword(s):  
Economic System ◽  
Global Economy ◽  
Large Scale ◽  
Real Economy ◽  
Economic Problems ◽  
Support Measures ◽  
Long Time ◽  
Digital Money ◽  
Successful Business ◽  
The Stability

The global economy continues to grow, albeit mainly due to large-scale support measures from governments and regulators. Moreover, the latter are not sure about the prospects for such development, since the economies do not demonstrate the potential for independent growth. As a result, in order to stimulate it, regulators are forced to expand the range of their tools, mechanisms, approaches, otherwise the risks to the stability of the global financial and economic system increase. All this is happening against the background of negative rates, which have become virtually ubiquitous and persist for a long time. New growth records are being set in the stock markets, and their gap from the real economy is growing. A number of sectors are beginning to dominate, forming distortions and bubbles in the markets. In such conditions, the importance of digital money, ecosystems, etc. increases. Moreover, the faster and more efficiently regulators can integrate into these formats, the more successful business, the population, and the economy as a whole will be.

Announced versus canceled bank mergers and acquisitions

2016 ◽  
Vol 17 (5) ◽  
pp. 510-544 ◽  
Author(s):  
Armin Varmaz ◽  
Jonas Laibner
Keyword(s):  
Mergers And Acquisitions ◽  
Shareholder Value ◽  
Abnormal Returns ◽  
Bank Mergers ◽  
Cross Sectional ◽  
Market Reactions ◽  
Content Type ◽  
European Bank ◽  
Long Time ◽  
Loan Losses

Purpose This paper aims to empirically analyze the success of European bank mergers and acquisitions (M&As) by an analysis of the shareholder value implications of stock market reactions to announced and canceled M&As in the period from 1999 to 2015. Design/methodology/approach The analysis of a sample of 467 announced and 54 canceled European bank M&As is conducted using event study methodology. The determinants of the shareholder value creations in M&A are observed in cross-sectional regressions. The likelihood of M&As being canceled is estimated in logit regressions. Findings The paper finds that European bank M&As have not been successful in terms of shareholder value creation for acquiring banks, whereas targets experienced significant value gains. Abnormal returns for bidders and targets exhibit the same characteristics upon the announcement of M&As that are canceled at a later date, whereas the results for transaction cancelations deviate. Targets experience negative abnormal returns at a larger size than upon the transaction announcement. The findings for bidders are striking, as they destroy shareholder value upon the transaction cancelation, also, consequently they suffer twice. In particular, banks with higher profitability, higher efficiency and lower liquidity experience negative abnormal returns around the announcement dates. Negative abnormal returns prior to the transaction announcement and provision for loan losses increase significantly the likelihood of M&A cancelation. Originality/value This paper contributes to the literature expanding existing analyses to the shareholder value implications of canceled European bank M&As in a 17-year long time period. The findings reveal the destructive characteristics of canceled bank M&As and provide innovative insights into European capital market reaction to canceled M&As.

Standardization of Lightweight Structure Via Design One Build Many Solution

2021 ◽  
Author(s):  
Syakira Saadon ◽  
Norhazrin Azmi ◽  
Prabagar Murukesavan ◽  
Norsham Nordin ◽  
Salman Saad
Keyword(s):  
Economies Of Scale ◽  
Integrated Approach ◽  
Lessons Learned ◽  
Scale Efficiency ◽  
Development Costs ◽  
Long Time ◽  
Execution Strategy ◽  
Small Fields ◽  
Lightweight Structure ◽  
Multiple Challenges

Abstract Petroliam Nasional Berhad (PETRONAS) is embarking on the implementation of the Design One Build Many (D1BM) concept, an integrated approach on design standardization, replication and volume consolidation for light weight fit for purpose wellhead platforms - also known as Lightweight Structure (LWS). The objective of the standardization is to enable monetization of marginal and small fields by improving project economics that are challenged with the high development costs and conventional execution schedules. Traditionally, projects are developed through a "bespoke" design which requires a specific engineering study during the Front End Loading (FEL) phase to cater for the field specific requirements. In addition, once the project has been sanctioned, it is a must to undergo tendering and bidding activities which can increase field monetization duration by four to five months. The current "bespoke" design has resulted in non-standardization, loss of opportunity for volume consolidation and ultimately longer time for field monetization. Although the Design One Build Many principles were known for a long time, but they were rather project oriented. Thus this emerging solution is a result of synthesizing multiple challenges with the goal to establish an end-to-end systematic approach in monetizing marginal and small fields by lowering development cost and monetization duration. There will be standardized sets of Base Design and a flexible Catalogue items to cater for standardized add on items. Lessons learned incorporation upon the repeated design and standardized execution strategy including Engineering, Procurement, Construction, Installation and Commissioning could also help in improving the delivery efficiency for the lightweight structure. The greater collaboration across fields and blocks will give significant added advantage through economies of scale efficiency and eventually increase in the overall project value.

Accelerating acculturation through tacit knowledge flows: refining a grounded theory model

VINE ◽  
2010 ◽  
Vol 40 (3/4) ◽  
pp. 312-325 ◽  
Author(s):  
June G. Chin Yi Lee ◽  
Mark E. Nissen
Keyword(s):  
Mergers And Acquisitions ◽  
Institutional Theory ◽  
Tacit Knowledge ◽  
Global Economy ◽  
Organizational Outcomes ◽  
Theory Model ◽  
Knowledge Flows ◽  
Content Type ◽  
Acculturation Model ◽  
The Impact

PurposeIntercultural knowledge flows are critical to global enterprise performance, but the impact of knowledge management theory on such intercultural flows remains limited. This paper seeks to address this issue.Design/methodology/approachThe present investigation builds on and partially validates two prior studies: research to integrate institutional theory with knowledge flow theory, which provides a powerful theoretical framework for understanding how tacit knowledge flows across cultures; and recent qualitative research, which has employed this framework to develop a theoretical model of acculturation. The present investigation refines this model by drawing in particular from the mergers and acquisitions literature to characterize both accelerators and decelerators of acculturation.FindingsThe paper is able to identify theoretical dimensions to measure acculturative stress, a concept that proves to be useful in terms of validating, refining and simplifying the basic acculturation model.Research limitations/implicationsThe refined acculturation model maintains the essential structure and many elements of the basic model, but it links more closely with extant theory as characterized by the mergers and acquisitions and trust literatures; hence it is more broadly generalizable. The refined model also links well to institutional theory and explains how to increase or decrease the tacit knowledge flows underlying acculturation to affect organizational outcomes.Practical implicationsThe refined acculturation model provides the practicing leader and manager with clear insight into the kinds of promoters and inhibitors of intercultural knowledge flows, and identifies key actions that can be taken to affect such flows and the corresponding organizational outcomes.Social implicationsThis paper elucidates both difficulties and opportunities associated with intercultural knowledge flows in today's global economy – difficulties and opportunities that will likely gain prominence as the world becomes increasingly global.Originality/valueThe refined acculturation model makes both theoretical and practical contributions.

scholarly journals THE IMPACT OF BUSINESS TRANSFORMATION ON THE PROVISION OF PRODUCTS AND SERVICES IN OPERATIONAL-LEVEL RETAIL BUSINESSES: CASE STUDY

2017 ◽  
Vol 5 ◽  
pp. 521-525
Author(s):  
Xolani Protus Simamane ◽  
Robert Walter Dumisani Zondo
Keyword(s):  
Financial Performance ◽  
Global Economy ◽  
Chi Square ◽  
Organizational Goals ◽  
Business Transformation ◽  
Operational Level ◽  
Kwazulu Natal ◽  
National Economies ◽  
The Impact

The retail industry is arguably one of the most prosperous sectors in the global economy. It serves as an intermediary between producers and consumers. Given its significance in the everyday lives of people in communities, and its role in national economies, the industry operates under extensive competition driven by growth in Information Technology which has dramatically changed the consumption patterns and buying behavior of consumers today. This study investigates the impact of transformation on the provision of products and services in operational-level retail businesses of KwaZulu-Natal (KZN). This is a case study and the South African Post Office (SAPO) in KwaZulu-Natal (KZN) participated in the study. Of the 101 branch managers of SAPO, 72 participated in the study, representing a 71 percent response rate. The sample frame was obtained from both the Human Capital and the Infrastructure Management departments of SAPO in KZN. Descriptive statistics and chi-square tests were used to analyze the two objectives. That is, to establish if the change brought about by business transformation activities improves the provision of products and services in retail businesses and thereby improves the financial performance. It also determines if retail businesses undergoing transformation inspire confidence amongst employees, and thereby achieving their financial goals. The findings revealed that business transformation has the ability to improve the provision of products and services of retail businesses. Continuous communication with regards to transformation inspires confidence among employees, thereby leading to productivity improvements and the achievement of the organizational goals. Productive employees contribute positively to the financial performance of the business. The original value of this study is its approach in uncovering strengths and weaknesses of business transformation in the operational-level retail businesses.

scholarly journals A Statistical Investigation of Business Cycles Characteristics in Pakistan

2017 ◽  
Vol II (I) ◽  
pp. 73-84
Author(s):  
Niaz Ali ◽  
Muhammad Tariq ◽  
Asia Baig
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
Statistical Investigation ◽  
Test Results ◽  
Full Sample ◽  
Long Time ◽  
Time Periods ◽  
The Business Cycle ◽  
The Stability ◽  
Nominal Variables

This study investigates the business cycle characteristics for Pakistan using three sets of variables namely expenditure components of GDP, nominal variables and real variables. The findings reveal that the volatility of expenditure components are greater than GDP during the full sample of 1973 to 2015. Whereas, in the Pre-SAP and Post-SAP periods i.e. 1973-1988 and 1989-2015, real variables and nominal variables show more volatility than GDP. And, in terms of co-movement, expenditure components of GDP showed strong pro-cyclicality and relationship with GDP against other sets of variables. Moreover, the nominal variables show positive persistence and the business cycles caused by it, lasting for a long time against real variables and expenditure components of GDP. Furthermore, the results show that the correlation between CPI and GDP across all periods is counter cyclical. The stability test results show that business cycles features remained stable during two time periods.

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