scholarly journals Interdisciplinary groups perception on impact of technology: A study in Petro-Chemical sector

2019 ◽  
Vol 10 (2) ◽  
pp. 69-82
Author(s):  
Amit Kundu ◽  
Ramanuj Majumdar

Abstract In today’s competitive business environment firms who can afford to invest on superior technology are in general found to be more efficient. In technology driven industries companies tend to encash upon the benefits of the superior technology, engage in continuous innovation and invest in R&D to gain competitive advantage. Notwithstanding this phenomenon, adoption of superior technology by any industry is extremely challenging. Even, Small and Medium size Enterprises (SMEs) in a developing country are often incapable of adopting the latest technology. Because they are expensive and moreover it leads to disruption to the traditional way of doing business and even different managerial functions differ on the adoption of technology. This research paper collected perception regarding impact of technology by three broad managerial functions such as Operations, Marketing, Product development & Innovation of a large Petrochemical company. With the help of Conjoint Analysis, Part worth and Ideal Achievement Index (AI) have been estimated. These estimates enable us to assess the perception of three inter disciplinary managerial groups regarding impact of technology on the downstream units (nearly 500 companies) of a Petro-Chemical Company in India.

2020 ◽  
Vol 3 (1) ◽  
Author(s):  
Sanny Ekawati ◽  
Nur Hidayah ◽  
Purwanto Purwanto

The purpose of the activity is to implement a competitive advantage strategy in the retail business and assistance in making product packaging in increasing retail business sales in the Old Tangerang market. PKM activity is an inspiration from the many retail stores that are not able to increase sales, which is due to competitive advantage strategies that have not been carried out optimally. Given the retail strategy in building a competitive advantage is very necessary for a retailer. The location of the traditional market was chosen because it still needs help from various parties. Including from educational institutions. For this activity partners were chosen because of limited competitive advantage and limited knowledge of the strategy of excellence. In addition, the limitations of partners to build excellence, in assessing internal and external factors in the business environment through SWOT, are indispensable to assist retailers in assessing business excellence. Furthermore, to improve product sales value, better product packaging is needed, this has not been done by partners. The method offered in this activity is the provision of knowledge of retail business excellence strategies, SWOT strategies and packaging design in the form of FGDs, socialization and training. While the assistance is done by making product packaging that is more environmentally friendly. Through this activity will help overcome the problems of partners in doing business better than competitors. Thus the hope can help partners in increasing sales.ABSTRAK:Tujuan kegiatan adalah mengimplementasikan strategi keunggulan bersaing usaha ritel dan pendampingan membuat pengemasan produk dalam meninggkatkan penjualan Usaha Ritel di pasar Lama Tangerang. Kegiatan PKM merupakan inspirasi dari banyaknya toko ritel yang tidak mampu meningkatkan penjulan, yang dikarenakan strategi keunggulan bersaing yang belum dilakukan secara optimal. Mengingat strategi eceran dalam membangun keunggulan bersaing sangatlah diperlukan bagi seorang pengecer. Dipilih lokasi pasar tradisional karena masih sangat membutuhkan bantuan dari berbagai pihak. Termasuk dari lembaga pendidikan. Untuk kegiatn ini mitra yang dipilih karena masih lemahnya keunggulan bersaing, lemahnya pengetahuan akan strategi keunggulan. Selain itu keterbatasan mitra membangun keunggulan, dalam menilai faktor internal dan eksternal di lingkungan usaha melalui SWOT, yang sangat diperlukan untuk membantu peritel dalam menilai keunggulan usaha. Selanjutnya untuk meningkatkan nilai jual produk diperlukan kemasan produk yang lebih baik, hal ini belum dilakukan mitra. Metode yang ditawarkan dalam kegiatan ini adalah pemberian pengetahuan akan strategi keunggulan usaha ritel, strategi SWOT dan desain kemasan dalam bentuk FGD, sosialisasi dan pelatihan. Sedangkan pendampingan dilakukan dengan membuat kemasan produk yang lebih ramah lingkungan. Melalui kegiatan ini akan membantu mengatasi persoalan mitra dalam melakukan usaha secara lebih baik dibandingkan pesaing. Dengan demikian harapannya dapat membantu mitra dalam meningkatkan penjualan


1998 ◽  
Vol 6 (3) ◽  
pp. 94-107 ◽  
Author(s):  
John R. Riesenberger

Today's fast-paced business environment is characterized by chaotic markets with constantly evolving global customers, competitors, and suppliers. Product life cycles are becoming ever shorter, demanding more rapid and complex product development processes that are uniquely tuned into ever-changing customer demands. Global customers demand consistency in service and quality at globally competitive prices. Tomorrow's winners will be determined by those few firms that create the ability to develop constant and continuous innovation and transformation. This ability will be successfully manifested by those enterprises that understand, properly harness, and exploit global learning and the use of the organization's intellectual capital.


2020 ◽  
Vol 66 (5) ◽  
pp. 38-48
Author(s):  
L. Endzejczyk ◽  
S. Schmitka

Innovation has always been the subject of research by many scientists in different countries. Innovations are influenced by the external and internal environment of enterprises operation. In the countries with transition economies and underdeveloped ones, innovations are the engine of gross domestic product development and growth. Business environment is changing rapidly, so creating a competitive advantage based on innovations provides businesses with better market position, gives chances and opportunities to form a strategy for survival and development. The enterprise innovations are influenced by the potential of its development, material resources and, perhaps, the most important is the capital in the form of creative workers. Human capital, its structure and its impact on economic development and innovation are underinvestigated. Today's transient and changing market requires from businesses, small and large companies their constant adaptation to new conditions and fast response to changes. In order to meet the market requirements, companies should significantly increase the efficiency of their activities and introduce new, innovative services and products, as innovation is an important factor determining the competitiveness level. This fact requires significant own financial resources and borrowed funds. Therefore, the way of managing the enterprise human resources and human capital, undoubtedly, has significant influence on the innovation level. The introduction of innovations makes it possible for companies to achieve significant competitive advantage in the market and is an important factor in their development and successful operation. In this paper, the authors describe some theoretical conditions for doing business and substantiate the importance of innovation as a factor determining the competitiveness level in the 21st century. Considerable attention is paid to the sources of innovation, types of innovation, the importance of creativity in innovation, innovation as a factor in enterprise development, company strategy, innovation as a tool for competitive advantage creation, national innovation policy and enterprise competitiveness.


2016 ◽  
Vol 4 (1) ◽  
pp. 1-6
Author(s):  
Emília Madudová ◽  

The paper examines the specific knowledge universities transfer to industry, reflecting to creative industry needs. As results shows, the most asked alumni competences should be tacit knowledge and divergent thinking. Divergent thinking influence the creativity. Creativity is often defined as the ability to develop new and useful ideas, but in deep literature review, we can see few irregularities and different definitions of creativity. The paper also evaluates the importance of creativity from business environment point of view and from the creative industry perspective and creative firm owners. As point of view. Another key finding is, that to educate creative people will be one of the key competitive advantage, because mainly the ability to create and disseminate knowledge is often at the heart of the organization's competitive advantage not only in creative industry, but in transport industry as well.


2018 ◽  
Vol 28 (5) ◽  
pp. 1489-1496
Author(s):  
Branislav Stanisavljević

Research carried out in the last few years as the example of companies belonging to the category of medium-size enterprises has shown that, for example, typical enterprises, of the total number of data processed in information of importance for its business, seriously takes into consideration and process only 10% of the observed firms. It is justifiable to ask whether these 10% of the processed and analyzed business information can have an adequate potential or motive power to direct the organization to success that is measured by competitive advantages and on a sustainable basis? Or, the question can be formulated: what happens to the rest, mostly 90% of the information that the enterprise does not transform into a form suitable for business analysis and decision-making. It is precisely the task of business intelligence to find a way to utilize all the data collected and processed in the business decision-making process. In this regard, we can conclude that Business Intelligence is, in fact, the framework title for all tools and / or applications that will enable the collection, processing, analysis, distribution to decision-making bodies in the business system in order to derivate from this information valid business decisions - as the most important and / or most important task of the manager. Of course, from an economic point of view, the best decisions are management decisions that provide a lasting competitive advantage and achieve maximum financial performance. This means that business intelligence actually allows a more complete and / or comprehensive view of the overall business performance of all its parts and subsystems. But the system functions can be measured essential and positive economic and financial performance, as well as the position in the branch of the business to which it belongs, and wider, within the national economy. (Of course, today the boundaries of the national economy have become too crowded for many companies, bearing in mind globalization and competitiveness in the light of organization of work and business function). The advantage of business intelligence as a model, if accepted at the organization level, ensures that each subsystem in the organization receives precisely the information needed to make development decisions, but also decisions regarding operational activities. So, it should be born in mind that business intelligence does not imply that information is shared on some key words, on the contrary, the goal is to look at the context of the business, or in general, and that anyone in the further decision hierarchy can manage exactly the same information that is necessary for achieving excellent business performance. Because, if the insight into the information is not complete, the analysis is based on the description of individual parts, i.e. proving partial performance in the realization of individual information, which can certainly create a space for the loss of the expensive time and energy. Illustratively, if the view, or insight into the information, is not 100%, then all business decision-making is like the song of J.J. Zmaj "Elephant", about an elephant and a blindmen, where everyone feels and act only on the base of the experienced work, and brings judgment on what is what or what can be. As in this song for children, everyone thinks that he touches different animals and when they make claims about what they feel, everyone describes a completely different life. Therefore, business intelligence implies that information is fully considered and it is basically the basis or knowledge base, and therefore the basis of business excellence. In doing so, the main problem is how information is transformed into knowledge and based on it in business decision making. It is precisely in this segment that the main advantage of business intelligence is its contribution to the knowledge and business of the company based on power of knowledge. Therefore, for modern business conditions, it is characteristic that the management of the company is realized on the basis of partial knowledge about stakeholders (buyers, suppliers, competitors, shareholders, governments, institutional framework, legislation), and only a complete overview of managers at the highest level in all these partial interest groups allows managers to have a “boat” called the organization of labor leading a safe hand through the storm, Scile and Haribde threatens to endanger business, towards a calm sea and a safe harbor - called a sustainable competitive advantage based on power and knowledge.


2018 ◽  
Vol 6 (1) ◽  
Author(s):  
Amanda Setiorini,MM.

Globalization changes the business environment, which demands change from every business organization involved, to succeed in the new environment. For that purpose, human resource management needs to be directed to the development of human capital, which assumes employees as assets, not costs, for the company. The implication is that management needs to recognize each of its employees in order to maximize their potential and manage it to be a competitive advantage. This is where performance management plays a very important role.


2003 ◽  
Vol 13 (2) ◽  
pp. 38-41
Author(s):  
N. Sheridan ◽  
K. Smith ◽  
P. Gustavson

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