scholarly journals Enabling factors for the competitiveness of the Portuguese automotive industry

2019 ◽  
Vol 13 (1) ◽  
pp. 1-12
Author(s):  
Luis Fonseca ◽  
Jorge Fernandes ◽  
Sandra Ramos
Keyword(s):  
Value Creation ◽  
Automotive Industry ◽  
Quantitative Research ◽  
Value Added ◽  
Point Of View ◽  
Theoretical Point ◽  
Online Questionnaire ◽  
Enabling Factors ◽  
External Context ◽  
Supplier Networks

Abstract The Portuguese automotive industry is a relevant activity sector for the Portuguese society and economy, both in job creation and value-added generation, contributing to the country’s economic development. The automotive is a high challenge industry, with intense competition, a high number of brands, increased number of models and vehicles, tighter regulatory requirements (e.g., emissions), and the need to manage global supplier networks. To succeed in such a highly complex and interconnected industry requires firms to be globally competitive since most of the production of this industry is destined for the rest of the world through export. This research aims to investigate the factors that contribute to value creation and competitiveness of the Portuguese automotive industry. Following the literature review of competitive advantage theories, quantitative research was done through an online questionnaire with Portuguese auto industry firms, to validate the proposed research hypotheses. The statistical analysis of the results, based on the application of descriptive statistics methodologies, principal components analysis, and correlation analysis, allowed to conclude that in this industry sector, the adoption of a strategy of differentiation/focalization and the external context influence value creation. However, it was not possible to conclude if the specific characteristics of the organization influences, or not, the creation of value. From the theoretical point of view, the conclusions demonstrate the relevance of the adoption of a strategy of differentiation and focalization and the external context for the competitiveness of these firms, supporting the assumptions of Porter’s Industry Based Theory and Generic strategies. From the practical point of view, the results highlight the importance of monitoring the external context and investing in research and development, brand image and market expertise, with the aim of enhancing the value creation and competitiveness of the components, tools, and services providers firms of the Portuguese automotive sector.

Value creation and sustainability in knowledge-based strategies

2016 ◽  
Vol 17 (3) ◽  
pp. 457-470 ◽  
Author(s):  
Gianpaolo Iazzolino ◽  
Domenico Laise
Keyword(s):  
Human Capital ◽  
Empirical Analysis ◽  
Value Creation ◽  
Value Added ◽  
Capital Intensity ◽  
Point Of View ◽  
Sustainable Growth ◽  
Theoretical Point ◽  
Content Type ◽  
Knowledge Intensive

Purpose – The purpose of this paper is to place the value creation process within sustainable growth strategies. Building on Drucker (1968, 1999a, b), Pulic (2000, 2004, 2008) and other papers by the same authors (Iazzolino and Laise, 2013) the specific aim of this research is to propose an accounting-based framework able to: distinguish between knowledge-intensive firms (KIFs) and nonknowledge intensive firms (nonKIFs); and investigate the contribution of the two sets of firms (KIFs and nonKIFs) to overall sustainability, from a social point of view, of the economic system. Design/methodology/approach – The paper uses the notion of value added (VA) (Pulic, 2000, 2004, 2008) as the main indicator to measure the value creation in a knowledge economy context. As regard the first point of the framework, the approach is based on the analysis of VA and its components, starting from a reinterpretation of the concept of value added intellectual coefficient made by the same authors of this paper. An empirical analysis based on the composition of VA in ten Italian industries, by using an overall sample of 1,000 firms, has been carried out and is described in the paper. As regards the second point, the paper analyses, from a theoretical point of view, the necessary conditions to set up a sustainable value creation strategy in social terms, using the conceptual categories introduced by Drucker (1968, 1999a, b) and Pulic (2000, 2004, 2008). Findings – From results of the empirical analysis it emerges that: first, in traditional industries the weight of the cost of employees on VA (human capital investments) is less than the other sectors (low human capital intensity). In these sectors the value creation strategy is mainly based on “dead knowledge,” embedded in machines (physical capital); and second, in nontraditional industries (consulting, advertising, research, etc.) the economic value creation is mainly based on “living knowledge,” embedded in human resources (high human capital intensity). In these sectors we have lower productivity of work (VA/human capital) and higher employment. Practical implications – The framework proposed makes it possible to reduce the risk of myopic valuation of economic performance. Through this methodology it is possible to highlight the effects of sustainable strategies based on knowledge investments oriented toward the stakeholder value theory and corporate social responsibility. The approach can be very useful for top managers and for accountants, as it underlines the importance of the VA income statement and constructs a strong link to the themes of knowledge management. Originality/value – The originality and the value of this methodological proposal can be appreciated by taking into account that in the literature there is no accounting-based methodology that is able to identify: the knowledge-intensive firms; and the firms that can contribute to overall social sustainability, within the set of all firms.

scholarly journals Characteristics of Slovak Culture in the Context of Bilateral Austrian-Slovak Relations

2017 ◽  
Vol 9 (2) ◽  
pp. 81-101
Author(s):  
Michaela Čiefová
Keyword(s):  
Cultural Differences ◽  
Intercultural Communication ◽  
Empirical Research ◽  
Value Added ◽  
Point Of View ◽  
Geographical Proximity ◽  
Online Questionnaire ◽  
Bilateral Relations ◽  
Intercultural Encounters ◽  
The One

Abstract Objective: The main intention of the present paper is, on the one hand, to provide a summary of the characteristics of Slovak culture by applying chosen theories and models. On the other hand, we attempt to underline the significance of bilateral Austro-Slovak relations in relation to the economy or migration tendencies. We assume that, based on geographical proximity and the above stated bilateral relations, intercultural encounters are relatively frequent as well. Therefore, certain perception of Slovaks from the Austrian point of view is likely to exist. Methodology: Our work is based on relevant scientific sources, as well as on our own empirical research reposing in the analysis of an online questionnaire. Findings: Overall, findings of our empirical research may be considered rather positive, as no negative or hostile responses concerning Slovak culture were reported. Furthermore, none of the participants experienced a conflict with a Slovak counterpart that could clearly be ascribed to cultural differences. Value Added: We believe that the conclusions presented in this paper might be helpful not only for managers operating on the international level or businessmen intending to do business with their Slovak partners, for scholars engaged in similar topics but also for anyone interested in intercultural communication and cultural differences.

scholarly journals Brexit, the wine sector and organisational resilience: an exploratory study of Spanish Wineries

2020 ◽  
Vol 30 (3) ◽  
pp. 301-322
Author(s):  
Abel Duarte Alonso ◽  
Seng Kok ◽  
Seamus O'Brien
Keyword(s):  
International Business ◽  
Qualitative Content Analysis ◽  
Point Of View ◽  
Wine Industry ◽  
Theoretical Point ◽  
Niche Markets ◽  
Enabling Factors ◽  
Content Type ◽  
Wine Sector ◽  
Negative Perceptions

Purpose The purpose of this study is to examine the perceptions of winery owners/managers concerning the impacts of Brexit on the Spanish wine sector and propose a theoretical framework based on the extant organisational resilience literature to facilitate an understanding of this concept. The framework facilitates understanding of this concept through the perspective of winery operators. Design/methodology/approach Attendance at a large Spanish wine fair in 2017 allowed for brief face-to-face interviews with owners and export managers of 156 predominantly micro and small Spanish wineries. The data were analysed through qualitative content analysis. Findings Despite the general sense of uncertainty and negative perceptions regarding the outcomes of Brexit, the interviews revealed various forms of resilient responses, including ongoing efforts seeking to broaden the scope for exports into new, niche markets alongside more traditional ones. These findings have important implications for businesses engaged in international business, particularly in the wine industry, where the potential challenges resulting from a major political decision can exacerbate existing issues of competition. Originality/value From a practical perspective, this study examines an emerging issue with potential consequences for international business. From a theoretical point of view, the proposed framework provides a baseline to illuminate the understanding of the links and stages following turbulence within organisations. Notably, the activation of responses emphasises the importance of developing a resilient organisational culture, as well as developing internal and enabling factors and bundles of resources that help create firm capabilities.

scholarly journals Identifying Strategies as a Ploy for Overcoming Negative Effects of COVIDization of Economy

2021 ◽  
Vol 27 (4) ◽  
pp. 489-503
Keyword(s):  
Organizational Development ◽  
Value Added ◽  
Point Of View ◽  
Theoretical Point ◽  
Balance Scorecard ◽  
Negative Effects ◽  
Short Term ◽  
Specific Goal ◽  
External Conditions

The main goal of this publication is to highlight the importance of the strategy as a ploy to overcome the negative effects as a result of COVIDization of the economy. The term COVIDization of the economy is the term that best describes the situation caused by COVID-19 in the short term and the long term consequences it will have for the business. The first wave presented the companies the economic challenges that they had to deal with in the short term. The subsequent two new waves also determined the need for strategic changes on the part of companies. In these conditions, all five strategies derived by Mintzberg appear – plan, a pattern of behavior, positioning, ploy, perspective. The article substantiates from a theoretical point of view the importance of strategy as a ploy through some of the most popular concepts used in strategic management - McKinsey’s 7S, the Pyramid for organizational development; through the Value-added chain, the Strategic map and Balance scorecard. Viewed in this way, “strategy” means the definition (undertaking) of a set of actions to achieve a specific goal under certain, set as a result of COVIDization, external conditions and available internal prerequisites. The presented empirical data are the result of a study conducted in the period March-April, 2020.

scholarly journals Selected personality characteristics of university students of management

2021 ◽  
Vol 92 ◽  
pp. 04012
Author(s):  
Alena Kajanová ◽  
Michaela Ruso
Keyword(s):  
Locus Of Control ◽  
University Students ◽  
Coping Strategies ◽  
Quantitative Research ◽  
Value Added ◽  
Point Of View ◽  
Personality Characteristics ◽  
Personality Profiles ◽  
Socio Demographic Factors ◽  
Management Students

Research background: Researching the topic of personality profiles of future managers is one of the international challenges. In a global world, it is ideal to find framework for ideally pursuing this profession. Existing studies indicate rather influences of gender or other socio-demographic factors rather than the study programs of university students. Purpose of the article: The aim of the paper is to describe selected personality characteristics of university students in management in comparison with a group of students from other fields at the same university. The following characteristics were measured: a) personality profile based on the Big Five in the field of neuroticism, extraversion, openness to change, conscientiousness and friendliness, and then b) locus of control and c) coping strategies. Methods: Quantitative research was carried out, where a battery of standardized tools was used as a research technique: the standardized NEO-FFI questionnaire describing the above personality traits, the SVF-78 questionnaire measuring coping strategies and the IPC scale questionnaire measuring internal and external locus of control. The questionnaires were administered to a total of 164 management students in České Budějovice (South Bohemian Region). Findings & Value added: From the point of view of NEO-FFI, economists differ in the item conscientiousness (p = 0.005; F = 4.387), which in the case of this field also came out as the most significantly supported characteristic. On the contrary, the property neuroticism was the least represented in the target group. The locus of control of management students differs compared to other fields in the P dimension (p = 0.009; F = 3.868), so these students believe that their situation is managed by rather influential people. No relationship was recorded within coping strategies across disciplines, positive strategies prevail among students.

scholarly journals Modern Marketing Tools in the Condition of Globalization

2021 ◽  
Vol 92 ◽  
pp. 02053
Author(s):  
Olga Ponisciakova ◽  
Eva Kicova
Keyword(s):  
Call Center ◽  
Relevant Literature ◽  
Value Added ◽  
Point Of View ◽  
Customer Relationship ◽  
Added Value ◽  
Theoretical Point ◽  
Online Store ◽  
Center Staff ◽  
Crm System

Research background: CRM is one of the most popular tools of modern marketing in today’s globalized world. It is a purposefully set up management with customers, which synchronizes several internal company processes. Its justification is indisputable, as it is generally the case that companies that do not engage in customer relationship management are soon overshadowed by competition and fall into extinction. With the help of CRM, the company can manage not only the sale of products to customers but also following service. Sales staff, call center staff, service department staff and many others can thus use the CRM system. The subject of research in the paper is the use of CRM in Internet commerce. Purpose of the article: The development of a functional CRM system in a specific company and the introduction of selected CRM tools in the company’s online store can be considered a priority goal. Methods: During the elaboration of the paper, the methods of the compilation of analysis, synthesis and description were used on the basis of the search of the relevant literature. Findings & Value added: The paper contains findings on two levels. From the theoretical point of view, it provides an overview of the essence, development, individual elements, customer relationship strategy, as well as the technical architecture and possibilities of CRM implementation. From the practical point of view, it is about the design of a functional CRM system in a specific company and the introduction of selected CRM tools in the company’s online store In contrast, the CRM application in specific business conditions represents added value.

scholarly journals The global problem of inflation and need for inflation adjusted-financial reporting

2021 ◽  
Vol 129 ◽  
pp. 09010
Author(s):  
Katarina Kramarova
Keyword(s):  
Financial Reporting ◽  
Value Added ◽  
Financial Statements ◽  
Point Of View ◽  
Theoretical Point ◽  
Quality Of Data ◽  
Current Economic Situation ◽  
Inflation Accounting ◽  
Business Entities ◽  
Economic Goods

Research background: Inflation, a macroeconomic phenomenon, may lead to an inaccurate presentation of financial data included in the financial statements, which otherwise should present a relevant and reliable information on financial health of the company. Purpose of the article: The purpose of the article is to point out the relevance and quality of data contained in the financial statements in the context of existence of inflationary pressure in the economy, and thus point out the importance of inflation accounting in the practice of business entities in the current situation (and not only in hyperinflation economics). Methods: In accordance with the purpose and the theoretical nature of the article, there will be preferably used the method of analysis and comparison of existing literature, method of opinion confrontation, method of synthesis and generalization. The subject of the analysis will be principally scientific sources dating from the 70s of last century to the present and IAS 29. Findings & Value added: The comprehensive elaboration of the issue in question from a theoretical point of view is a basic prerequisite for the carrying out the empirical research in conditions of Slovakia, pointing to its pros/cons and possible obstructions of its implementation in the process of financial reporting under current economic situation that except other is characterized by a general rise in the prices of economic goods, while inflationary pressures are currently being seen as a worldwide problem.

scholarly journals Young people on the labour market in Poland — the point of view of the employer

2017 ◽  
Vol 8 (4) ◽  
pp. 553-568
Author(s):  
Urszula Kobylińska ◽  
Ewa Rollnik-Sadowska ◽  
Joanna Samul
Keyword(s):  
Young People ◽  
Labour Market ◽  
Quantitative Research ◽  
Value Added ◽  
Youth Unemployment ◽  
Educational Background ◽  
Point Of View ◽  
Learning Skills ◽  
Age Range ◽  
The Eu

Research background: The article presents the problem of youth unemployment from the perspective of employers in Poland exemplified by the research results conducted in Podlaskie province. The unemployment rate of young people in Poland in the age range 15-29, reached 14.2% in 2015. For comparison, at that time the average for the EU was higher by almost two percentage points, and the decline compared to the year 2013 was lower than in Poland. It turns out that higher education in Poland has lost its importance in the process of hiring staff. Employers are increasingly less likely to look at the educational background of candidates,  as they focus more on their experience and specific skills. Purpose of the article: The purpose of this article is to present the results of re-search regarding the diagnosis of the situation of young people on the labour market in Poland from the perspective of employers. In particular, there were competency gaps and other reasons for not recruiting young people which have been identified. Methods: Two types of research were carried out with employers from Podlaskie province: quantitative, using CATI/CAWI and qualitative, using the technique of IDI. Quantitative research was carried out on a sample of 346 respondents. A qualitative study was carried out among 16 companies registered in Podlaskie province. Findings & Value added: Among the reasons for not employing young people which were most often mentioned by the entrepreneurs in quantitative research there were financial reasons. During the interviews, employers  indicated the reasons for not employing young people such as "lack of appropriate qualifications," "specific skills" or simply "practical preparation for work." Employers were asked about the competence gaps of young people, and they pointed out that they lack experience, initiative and entrepreneurship, as well as learning skills.

scholarly journals Web Globalization and Its Possible Consequences on Usage of Different Creative Accounting Techniques

2021 ◽  
Vol 92 ◽  
pp. 02029
Author(s):  
Boris Kollar
Keyword(s):  
Earnings Management ◽  
Method Comparison ◽  
Value Added ◽  
Point Of View ◽  
Theoretical Point ◽  
Comprehensive Overview ◽  
Creative Accounting ◽  
New Directions ◽  
Definition Of ◽  
The Individual

Research background: The paper is oriented on influence analysis of globalization on usage of different techniques of creative accounting and its development. The concept of creativity and accounting in together has logical background. Creativity is generally perceived as a positive thing. It is a certain creativity and originality created by the individual. Among these techniques, the paper deals with earnings management and what differs it from fraudulent behavior. The first part deals with definition of earnings management and comparison of different approaches. The second part outlines the major differences and boarders between earnings management and fraud from theoretical point of view with the usage of multiple views from different authors. Third part deals with different forms of earnings management. The last part discusses motives behind the usage of earnings management by managers and impact of globalization on this decision making. Purpose of the article: To describe motives behind earnings management usage and potential new directions of these motives under the conditions of continuous internalization and globalization. Methods: The paper is built on the methods of formal logic. The most important one for the purpose of this article is descriptive method. Among others, there are analysis, graphic method, comparison and synthesis. Findings & Value added: Comprehensive overview of the earnings management definition, its forms and motives behind its usage.

scholarly journals The impact of globalization on selected aspects of marketing communication in the circular economy

2021 ◽  
Vol 92 ◽  
pp. 02024
Author(s):  
Dominik Jánoš
Keyword(s):  
Circular Economy ◽  
Quantitative Research ◽  
High Efficiency ◽  
Value Added ◽  
Point Of View ◽  
Marketing Communication ◽  
Main Research ◽  
Negative Impacts ◽  
Environmental Concepts ◽  
The Impact

Research background: From the world point of view, we are continually struggling with the opinion that economic growth must be connected with the deterioration of the environment and the quality of people´s lives. If we talk about environmental policy based on globalization changes, the discussion is more about mitigating the negative impacts of industrial production. Most products are not made in the way they can be reused in production, so the company is not ready to deal with the waste that is accumulated in various legal and illegal landfills. The priority of the circular economy is globally considered as save and efficiency in the use of limited natural resources, constantly streamlining the production of individual products associated with high efficiency and low consumption of low-emission resources. These are the main reasons why it is essential to focus on this area and bring innovative options on how to inform the public about this issue. The aim of the article: Our paper aims to point out, from the perspective of globalization, how important is the application of individual tools of marketing communication in the circular economy, through which the general public gets acquainted with the application of innovative environmental concepts. Methods: Main research from the dissertation thesis, the results of which we also used in this paper, consisted of more parts – analyses of findings, quantitative research, statistics methods. Findings and value-added: From a summary of gained findings is possible to prepare a general knowledge model for the mentioned areas.

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