scholarly journals Market Volatility, Digital Transformation and Innovation changed the way of competition

2022 ◽  
Author(s):  
Amal Wijenayaka
Keyword(s):  
Competitive Advantage ◽  
Digital Transformation ◽  
Market Volatility ◽  
Sustainable Competitive Advantage ◽  
Traditional Methods ◽  
Future Success ◽  
The World ◽  
Insight Into ◽  
Huge Challenge ◽  
The Way

The world is rapidly changing. As a result, organizations have to find new ways to compete with close competitors. It is challenging to use traditional methods and ways. Advertising and price war are not gaining sustainable competitive advantage further. Most past researches mentioned that Innovation is the key to future success. Furthermore, it is required to transform to digitalization. It provides new insight into the organization. Market volatility is a huge challenge to the organization. However, it can be managed with digitalization and Innovation.

TECHNOLOGICAL TRANSFORMATION AND DIGITALIZATION OF HOTEL BUSINESS: OPPORTUNITIES AND PERSPECTIVES

2020 ◽  
Author(s):  
Iliya Ivanov ◽  
Keyword(s):  
21St Century ◽  
Hotel Industry ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Technological Transformation ◽  
The World ◽  
Business Opportunities ◽  
Digital Generation ◽  
Scientific Report ◽  
The Way

At the advent of the 21st century, digital technologies have changed the way that hotel industry brings value to tourists around the world. The aim of this scientific report is to present the opportunities and perspectives for hotel business for digital transformation, as a crucial instrument for the growth of the industry and for meeting the needs of the new digital generation of consumers. With its potential, digital transformation is reshaping the industry, giving strategic advantages to companies focused on digital transformation of the business.

scholarly journals Creating better humans towards sustainable competitive advantage for small and medium-sized accounting firms in Malaysia

2018 ◽  
Vol 56 ◽  
pp. 04006
Author(s):  
Louis Lim Vui Han ◽  
Vijayesvaran Arumugam ◽  
Lawrence Arokiasamy
Keyword(s):  
Competitive Advantage ◽  
Core Competencies ◽  
Superior Performance ◽  
Sustainable Competitive Advantage ◽  
Contributing Factors ◽  
Accounting Firms ◽  
Accounting Scandals ◽  
The World ◽  
Long Term Impact ◽  
Almost All

This study will be a bit different than others in the sense that it pierces directly into the human hearts. The world current economy is full of mysterious and uncertainty. There are plenty of different perspectives, but who can guarantee that they are right? The root of the problems of all issues generally come from the human heart or action. If we able to deal with human issues, it sorts out almost all the problems. The purpose of this study is to determine the contributing factors towards the sustainable competitive advantage (SCA) of small and medium-sized accounting firms (SMPs) in Malaysia. It aims to have a long-term impact on the prospects for the practitioners and the accounting professions. It becomes an attention to the world when numerous accounting scandals being published, and they jeopardized the accounting professions’ reputations. There are a few undisclosed cases especially it dealt with compliance, corporate tax, GST, money laundering and other issues, not only in Malaysia but in other countries as well. As such, the study focuses on creating better humans. Key findings from the literature highlighted the deficiencies in the core competencies of the firms. They are related to human capital and most of the researchers pinpointed the importance of knowledge, skills, capabilities in which it links to competencies in the corporate environment. The resource-based view of the firm is a common theory used by researchers as a mean of explaining competitive advantage and superior performance amongst the firms. And most of them stress the necessity to meet customer needs and expectation to create a sustainable competitive advantage.

scholarly journals Haka and Hula Representations in Tourism

2021 ◽  
Author(s):  
◽  
Acushla Deanne O'Carroll
Keyword(s):  
Cultural Values ◽  
Tourism Industry ◽  
Cultural Representations ◽  
The World ◽  
Art Forms ◽  
Insight Into ◽  
The Way

<p>Haka and hula performances tell stories that represent histories, traditions, protocols and customs of the Maori and Hawai'ian people and give insight into their lives and the way that they see the world. The way that haka and hula performances are represented is being tested, as the dynamics of the tourism industry impact upon and influence the art forms. If allowed, these impacts and influences can affect the performances and thus manipulate or change the way that haka and hula are represented. Through an understanding of the impacts and influences of tourism on haka and hula performances, as well as an exploration of the cultures' values, cultural representations effective existence within the tourism industry can be investigated. This thesis will incorporate the perspectives of haka and hula practitioners and discuss the impacts and influences on haka and hula performances in tourism. The research will also explore and discuss the ways in which cultural values and representations can effectively co-exist within tourism.</p>

Rethinking the Business Strategy in the Gaming Industry in India: The Case of Virtual Infocom

2018 ◽  
Vol 7 (3) ◽  
pp. 176-183
Author(s):  
Subrata Chattopadhyay ◽  
Subhajit Bhattacharya ◽  
Arijit Bhattacharya
Keyword(s):  
Competitive Advantage ◽  
Business Strategy ◽  
Sustainable Competitive Advantage ◽  
Gaming Industry ◽  
Market Strategy ◽  
Start Up ◽  
The World ◽  
Global Player ◽  
Training Institute

The case is about rethinking the business strategy in the gaming industry in India vis-à-vis the world. It discusses the start-up Virtual Infocom (Virtual Information & Communications) and how over the years it has grown into a formidable local and global player. The case is about revamping market strategy and the attributes therein, the prospects and the potential, and envisages to explore as to how the company should, if so, alter their business strategy to be a top brand reckoning in the industry. Virtual Infocom, primarily a training institute, is considering whether to develop games for the market instead of being a secondary player. It unravels the dilemma as to whether it should continue with training or diversify to earn revenues globally to ensure a sustainable competitive advantage in the gaming industry.

Knowledge creation and its place in the development of sustainable competitive advantage

2003 ◽  
Vol 7 (1) ◽  
pp. 20-31 ◽  
Author(s):  
Rob Sharkie
Keyword(s):  
Competitive Advantage ◽  
Knowledge Creation ◽  
Success Factors ◽  
Sustainable Competitive Advantage ◽  
Sufficient Knowledge ◽  
Strategic Direction ◽  
Important Requirement ◽  
Future Success ◽  
Management Function ◽  
Better Than

Organizations operate in all areas through people and it is their contribution which determines success and it is their skills and knowledge which need to be cultivated and then leveraged to create competitive advantage. Sustainability of this competitive advantage comes from the development of tightly coordinated and complementary activities and directed towards producing a strategy of differentiation and making a unique offering to customers. A consistency in strategic direction is essential and this will necessitate the exercise of choice to develop a unique strategy. The development of sustainable competitive advantage is a vital management function and an important requirement is the nurturing of a knowledge creating environment to enable the organization to exploit and develop resources better than rivals and create sufficient knowledge to address the industry’s future success factors.

scholarly journals The challenges of creating sustainable competitive advantage in large B2B multidivisional corporations

2020 ◽  
Vol 12 ◽  
pp. 1188
Author(s):  
Isis Cassia Vannucci de Oliveira Koelle ◽  
Cristiane De Paula Bueno ◽  
Daniel Estima de Carvalho ◽  
Leandro Fraga Guimaraes
Keyword(s):  
Competitive Advantage ◽  
Corporate Strategy ◽  
Competitive Advantages ◽  
Sustainable Competitive Advantage ◽  
Doing Business ◽  
Sustainable Competitive Advantages ◽  
The Way

It addresses the challenges that large multi-divisional B2B corporations face each day to take advantage of their corporate strategy and ensure sustainable competitive advantages. The synergies and interrelations that would give them such a position are not always simple to be achieved or even perceived by customers. The chosen approach was focused on B2B companies, because processes and communication tend to be more truncated, as they are usually more technical in the way of doing business. This can make the challenges of interrelation and synergy even greater.

scholarly journals Selected Issues Illustrating Duality in Relation to Lakota Identity

2016 ◽  
Vol 17 (1) ◽  
pp. 107-132
Author(s):  
Klára Perlíková
Keyword(s):  
Global Scale ◽  
Dual Structure ◽  
Global Issue ◽  
Tribal Museums ◽  
The World ◽  
General Meaning ◽  
Perception Of Time ◽  
Mind Set ◽  
Insight Into ◽  
The Way

Abstract The article deals with selected issues which - as we perceive it - can provide an insight into what the Lakota consider essential and generic for their self-identification with their culture (What does it mean to be Lakota?). The study is based on observations gained during fieldwork research, and issues in the text reflect data collected within this period. As a result, we examine the following issues: tribal museums in Lakota reservations, Native perception of time, selected issues of Lakota religion, and Lakota relation to the land and environment they live in and to the world on a global scale. We believe that in all these issues we can also recognize an underlying dual structure which - in its most general meaning - could be understood as a dichotomy of Native and Western/Euro-American worldview and mind-set. The question was how non-Native elements distort or affect the system of Lakota culture. In the section on tribal museums and perception of time we have shown that circular way of thinking about the course of the world which is, according to Donald Fixico (FIXICO 2009), characteristic of all Native cultures affects the way tribal museums organize and present their exhibitions. In this case, the influence of the Native/Euro-American dualism does not have to be necessarily negative. The same can be said about another example where the dichotomy projects itself - in the issue of Lakota relation to the land or Unci Maka (Grandmother Earth): Though Lakota religion and identity is regionally bound (BUCKO 2008), their concern for this integral part of their Native-self can surprisingly well fit into the global issue of protection of environment. On the case of Lakota struggle to stop construction of a KXL pipeline1 we demonstrate how the same (Native/Euro-American) duality interacts and through which the Lakota (Native, regionallybound) voice is strengthened by its non-Native counterpart and vice versa.

Facilitating Customer Relationship Management in Modern Business

2018 ◽  
pp. 1594-1604 ◽  
Author(s):  
Kijpokin Kasemsap
Keyword(s):  
Competitive Advantage ◽  
Organizational Performance ◽  
Customer Relationship Management ◽  
Relationship Management ◽  
Customer Relationship ◽  
Sustainable Competitive Advantage ◽  
Efficient Approach ◽  
Business Operations ◽  
Modern Business ◽  
Insight Into

This article explains the overview of CRM; CRM and technological utilization; and the facilitation of CRM in modern business. CRM is a significant strategy to learn more about customers' needs and behaviors in order to develop the stronger relationships with them. CRM is the most efficient approach in maintaining and creating the relationships with customers in modern business. CRM helps business gain the insight into the behavior of their customers and modify their business operations to ensure that customers are served in the best possible way. CRM also helps business recognize the value of its customers and to capitalize on the improved customer relations. The article argues that facilitating CRM has the potential to enhance organizational performance and gain sustainable competitive advantage in modern business.

The Strategic Importance of E-Commerce in Modern Supply Chains

2011 ◽  
pp. 266-286 ◽  
Author(s):  
Peter R. Gibson ◽  
Janet Edwards
Keyword(s):  
Change Management ◽  
Supply Chains ◽  
Competitive Advantage ◽  
Manufacturing Process ◽  
Sustainable Competitive Advantage ◽  
Enabling Technology ◽  
Motor Industry ◽  
Key Issues ◽  
Leadership And Change ◽  
The Way

Considering some aspects of the motor industry as an example, this paper outlines strategic opportunities for e-commerce-enabled supply chains and, hence, greatly improved responses to customers. The authors demonstrate that there will be resulting strategic advantage for firms that become enabled to take a further step of making changes to their much wider manufacturing process philosophies. The developed knowledge associated with these changes will not be easily copied by competitors, and as such, provides the basis for a sustainable competitive advantage for those firms that are able to lead the way with the enabling technology of e-commerce in supply chains. However, leadership and change management are identified as key issues requiring further investigation.

Connected Societies Through Digital Transformation

2021 ◽  
pp. 199-220
Author(s):  
Ranjith P. V. ◽  
Aparna J. Varma ◽  
Ashwini J.
Keyword(s):  
Public Service ◽  
Digital Transformation ◽  
Standard Of Living ◽  
The Internet ◽  
Human Beings ◽  
The World ◽  
Internet Connections ◽  
Globalized World ◽  
Primary Medium ◽  
The Way

The converging, digitized, disruptive, and globalized world is transforming the way society exists and human beings live. These changes have helped us to collaborate and contribute in exciting and unforeseen ways by creating connected societies worldwide. Technology drives growth across industries and connects people thereby promoting further opportunities and changing the standard of living. IoT has enabled connectivity among people exponentially and advancement in the speed of internet connections have improved accessibility among users to acquire information and services worldwide around the clock. In many parts of the world, the internet has established itself as the primary medium to connect the societies. Digital transformation has made it essential for enterprises for changing their strategies to make sure that they are connected all the time virtually. This has enabled development of new and innovative approaches in education, healthcare, public service entertainment, etc. The aim of this chapter is to provide an overview of the concept of connected societies and its importance.

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