scholarly journals The influence of trends in global environment development on business systems activities

2020 ◽  
Keyword(s):  
Business Strategy ◽  
Stable State ◽  
Business Environment ◽  
Comprehensive Assessment ◽  
Global Environment ◽  
Business Systems ◽  
Global Business ◽  
Business System ◽  
Environment Parameters ◽  
The Impact

Modern processes of economic development of business systems occur under the influence of the global environment, which requires constant monitoring, analysis, diagnosis and corrective action. The subject of research in the article is the development of business systems in the context of globalization. The purpose of the study is to study the impact of global development trends on business systems. To achieve this goal, the following tasks are set: to clarify the concept of "global environment"; to describe the structure of the global business environment; to determine its features; to outline the directions of diagnostics of the global environment; to characterize the factors influencing the global environment; to identify key parameters of development the global business environment; to identify trends in the global environment based on international ratings and development forecasts; to identify key factors that ensure changes in the global environment in order to form and implement strategies for business systems in the global environment. The research used methods of analysis, synthesis, comparison, systematization, generalization, system approach. The following results were obtained: it is proved that business systems operating in international markets constantly need to collect and summarize information about the global environment, comprehensive assessment of business environment parameters, identify trend changes in order to form and implement business strategy. Conclusions: identifying trends in the global environment ensures the stable state of the business system, its competitiveness, performance. The study of the impact of the global business environment on the activities of business systems allows for a comprehensive assessment, as well as to determine the priority factors of formation depending on the areas, areas of activity, types of business.

scholarly journals Impact of Domestic, Foreign, and Global Environments on International Business Decisions of Multinational Firms: A Systematic Study

2017 ◽  
pp. 93-104 ◽  
Author(s):  
P. S. Aithal
Keyword(s):  
Multinational Corporations ◽  
International Business ◽  
Multinational Firms ◽  
International Investment ◽  
Business Environment ◽  
Global Environment ◽  
Cultural Issues ◽  
Global Business ◽  
Business Decisions ◽  
The Impact

International business decisions to be taken by executive managers of multinational firms are becoming more challenging due to uncertainties in business environment which is due to fast changing and unpredictable domestic, foreign, and global environment for long term sustainability. Even though firms are cautious and take precautions while taking decisions on international investment for production and marketing, their sustainability for a long time in a given business is shaking due to continuous changes in domestic, foreign, and global business environment. This is mainly due to variations in economic conditions, political scenarios, sociocultural environment, technological breakthroughs, legal aspects and human behavioural effects on opportunities and challenges on the international business performance of multinational firms. In this paper, we have studied in brief, the various domestic, foreign, and global environmental issues which affects the multinational firm’s business decisions related to international investments and marketing. The paper also discusses the impact of the domestic environment, foreign environment, and global environment on economical, political, technological, legal, and cultural issues on investment and expansion decisions of multinational corporations in general.

Organizational Structure Without Hierarchy in a Dynamic Global Business Environment

2011 ◽  
pp. 27-41
Author(s):  
Tomaz Kern
Keyword(s):  
Organizational Structure ◽  
Business Processes ◽  
Business Environment ◽  
Business Systems ◽  
Global Business ◽  
Engineering Project ◽  
Definitive Answer ◽  
Business System ◽  
Business Structures

The chapter deals with the inefficiency of classical business systems in a dynamic global business environment. The main reasons for inefficiency are complicated processes, which are limited and influenced by inadequate classical business structures. But in new circumstances business structures must be designed according to process needs. Classical business systems should be urgently renewed to survive. Furthermore the author concludes that a single business system re-engineering project is not the definitive answer. In the global business environment, changes are constant. The efficiency of business processes can be maintained and increased in the long term only by constant but effortless adaptation of structures. This is possible by the introduction of the organizational structure without hierarchy and the mechanism for dynamic adaptation of structures to business.

Organizational Structure Without Hierarchy in a Dynamic Global Business Environment

2008 ◽  
pp. 2474-2494
Author(s):  
Tom Kern
Keyword(s):  
Organizational Structure ◽  
Business Processes ◽  
Business Environment ◽  
Business Systems ◽  
Global Business ◽  
Engineering Project ◽  
Definitive Answer ◽  
Business System ◽  
Business Structures

The chapter deals with the inefficiency of classical business systems in a dynamic global business environment. The main reasons for inefficiency are complicated processes, which are limited and influenced by inadequate classical business structures. But in new circumstances business structures must be designed according to process needs. Classical business systems should be urgently renewed to survive. Furthermore the author concludes that a single business system re-engineering project is not the definitive answer. In the global business environment, changes are constant. The efficiency of business processes can be maintained and increased in the long term only by constant but effortless adaptation of structures. This is possible by the introduction of the organizational structure without hierarchy and the mechanism for dynamic adaptation of structures to business.

scholarly journals Peculiarities of business systems activity in global business space: management aspect

2021 ◽  
Vol 68 (1) ◽  
pp. 138-150
Author(s):  
N. Parkhomenko
Keyword(s):  
Business Processes ◽  
Systems Development ◽  
The State ◽  
Effective Management ◽  
Business Systems ◽  
Global Business ◽  
Commercial Practice ◽  
Management Actions ◽  
Business System ◽  
The Impact

The essence of «business system» concept is investigated in this paper. Approaches to business systems management, such as process, commercial, practice-oriented and organizational are identified. In this investigation, the business system considers business as a system consisting of certain components: processes, resources, suppliers, consumers, competitors, owners, investors, managers, employees, so that management by systems and processes forms a structure and sequence of actions to achieve the set goal. The main elements of business systems are specified. Taking into account the fact that business system operates and develops in dynamic global business space, its internal and external components are characterized. The internal component of the business space includes a set of functional subsystems of the enterprise such as marketing, production, finance etc. The external component of the business space is a multilevel system, including the enterprise contractors; controlling institutional organizations; infrastructure facilities involved in business system operation; markets for goods and services, capital, labor, information providing business system with necessary resources; conditions of activity in the relevant sector, segment; potential of business system. Each element being a part of business system requires management actions to coordinate the situation and improve the current situation. The main tasks of business systems that ensure effective, competitive and effective management decisions are revealed and analyzed. The essential features of business systems are grouped, their specific criteria are defined. The influence of business processes on the state of business systems is determined; business systems from the standpoint of the impact of the global business space are classified and recommendations for managing the business systems development in today's global environment are given. It is revealed that management of business systems development is realized by using the appropriate organizational mechanism, which applies a systematic approach to strategy formation, providing stable development, focusing on the goals of the activity, using modern management technologies. The investigation of business systems makes it possible to combine all the elements of the enterprise and interrelated steps of activity to form the enterprise strategy. Effective management of business systems provides the improvement of enterprise performance, which characterizes the state of business processes and effectiveness of the developed strategy.

scholarly journals Strategies of Business Systems Development in Global Environment

2019 ◽  
Vol 66 (2) ◽  
pp. 153-166
Author(s):  
Iryna Otenko ◽  
Nataliia Parkhomenko
Keyword(s):  
Organizational Development ◽  
Development Strategy ◽  
Careful Analysis ◽  
International Markets ◽  
Global Environment ◽  
Business Systems ◽  
Company Strategy ◽  
Business System ◽  
Methodical Approach ◽  
A Company

Given the complexity and unpredictability of changes in the global environment, the choice and implementation of strategies for the development of business systems in international markets requires careful analysis and refinement. The paper clarified the concept of business system and developed a methodical approach to the analysis of business systems functioning conditions. The multiplicity of approaches to classification strategies requires the submission of a typology of strategies for the development of business systems. The theoretical justification for the study of the processes of organizational development of business systems is based on the provisions of the institutional approach, organizational development and strategic management. The result of the research is the procedure for choosing a company strategy in a global environment and organizational development strategy. To confirm the selected provisions, the results of the analysis of strategies for the organizational development of enterprises of the bearing industry are presented.

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.

New Strategy and Thinking in Global Business System

2020 ◽  
pp. 1-24
Author(s):  
M. Sebnem Ensari ◽  
Güner Gürsoy
Keyword(s):  
Supply Chain ◽  
Competitive Advantage ◽  
Business Environment ◽  
Global Business ◽  
Road Map ◽  
Business System ◽  
Building Process ◽  
New Strategy ◽  
Smart Supply Chain Management ◽  
Strategy Building

Because of the necessity of adopting the product and service to the rapidly changing needs of current customers, specialization in each supply chain has become more important. The companies from the same supply chain benefited from the collaboration in order to gain competitive advantage. This chapter first of all explains the current changes in business environment and define the new global business system and summarizes the common strategies to survive in this environment from related literature. It proposes a model of a smart supply chain management including agile organizations and mutual goal achievement of the firms and the members of the same supply chain at the end of the chapter. The aim of this chapter is providing a road map to todays and future organizations to be more competitive. It is believed that the chapter will be helpful for both professionals and academicians who have interest in strategy building process and creating competitive advantage.

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.

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.

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