scholarly journals Trends in the Innovative Development of International and Domestic Business Systems in the Global Business Environment

2021 ◽  
Vol 5 (520) ◽  
pp. 64-73
Author(s):  
N. O. Parkhomenko ◽  
Keyword(s):  
Business Environment ◽  
Systems Development ◽  
Innovative Development ◽  
Competitive Advantages ◽  
Business Systems ◽  
Global Business ◽  
Domestic Markets ◽  
The Social ◽  
The World ◽  
Development Prospects

The research is aimed at defining trends in the innovative development of international and domestic business systems and forming on their basis the principles of development management. When analyzing trends in the innovative development of international and domestic business systems, the main indicators of innovativeness are considered through integral indices characterizing the innovative development of countries; the geographical and sectoral structures of innovators and leading innovative companies of the world and Ukraine are determined; a comparison of the ratings of innovative world companies as presented by Boston Consulting, Clarivate Analytics, Fast Company, Delo.ua and Vlada Hroshey is carried out. As a result of the study, it is determined that the positive dynamics of business systems development can be observed in the activities of companies that constantly carry out scientific research, conduct developments, introduce various innovations, receive patents, etc. It is substantiated that the innovative development of international and domestic innovative business systems ensures the competitive advantages of companies in both the international and the domestic markets, facilitates the development of the economy of both the country and its regions, promotes the social development of business systems. Researching the trends in the innovative development of business systems in the global environment allowed to form the principles of managing their development. Prospects for further research in this direction are the development of methodological provision for the evaluation of innovative development of business systems and the formation of a mechanism for managing their development in the global business environment.

scholarly journals A Transformation of the Approach to Evaluating a Region’s Investment Attractiveness as a Consequence of the COVID-19 Pandemic

Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 59
Author(s):  
Dmitriy G. Rodionov ◽  
Evgenii A. Konnikov ◽  
Magomedgusen N. Nasrutdinov
Keyword(s):  
Social Environment ◽  
World Order ◽  
Integrated Approach ◽  
Innovative Development ◽  
Social Infrastructure ◽  
Regional Environment ◽  
The Social ◽  
The World ◽  
The Status

The global COVID-19 pandemic has caused a transformation of virtually all aspects of the world order today. Due to the introduction of the world quarantine, a considerable share of professional communications has been transformed into a format of distance interaction. As a result, the specific weight of traditional components of the investment attractiveness of a region is steadily going down, because modern business can be built without the need for territorial unity. It should be stated that now the criteria according to which investors decide if they are ready to invest in a region are dynamically transforming. The significance of the following characteristics is increasingly growing: the sustainable development of a region, qualities of the social environment, and consistency of the social infrastructure. Thus, the approaches to evaluating the region’s investment attractiveness must be transformed. Moreover, the investment process at the federal level involves the determination of target areas of regional development. Despite the universal significance of innovative development, the region can develop much more dynamically when a complex external environment is formed that complements its development model. Interregional interaction, as well as an integrated approach to innovative development, taking into account not only the momentary effect, but also the qualitative long-term transformation of the region, will significantly increase the return on investment. At the same time, the currently existing methods for assessing the investment attractiveness of the region are usually heuristic in nature and are not universal. The heuristic nature of the existing methods does not allow to completely abstract from the subjectivity of the researcher. Moreover, the existing methods do not take into account the cyclical properties of the innovative development of the region, which lead to the formation of a long-term effect from the transformation of the regional environment. This study is aimed at forming a comprehensive methodology that can be used to evaluate the investment attractiveness of a certain region and conclude about the lines of business that should be developed in it as well as to find ways to increase the region’s investment attractiveness. According to the results of the study, a comprehensive methodology was formed to evaluate the region’s investment attractiveness. It consists of three key indicators, namely, the level of the region’s investment attractiveness, the projected level of the region’s investment attractiveness, and the development vector of the region’s investment attractiveness. This methodology is based on a set of indicators that consider the status of the economic and social environment of the region, as well as the status of the innovative and ecological environment. The methodology can be used to make multi-dimensional conclusions both about the growth areas responsible for increasing the region’s innovative attractiveness and the lines of business that should be developed in the region.

scholarly journals UNCERTAINTY AND RISKINESS OF SMART CONTRACTUAL RELATIONSHIPS IN THE GLOBAL BUSINESS

Management ◽  
2018 ◽  
Vol 27 (1) ◽  
pp. 66-78
Author(s):  
Andrii V. GRONA
Keyword(s):  
Business Processes ◽  
Business Environment ◽  
Business Activity ◽  
Competitive Advantages ◽  
Global Business ◽  
Theoretical Substantiation ◽  
World Markets ◽  
Contractual Relationships ◽  
Modern Economic ◽  
Business Entities

Introduction and Objective of the Research. According to the modern economic theory, compliance in the global business and its support occupy a certain, moreover, indefinite place among the heaviest burdens for global business entities. The objective of the article is to cover the issue of smart contractual relationships (SCR) as a way to increase the business activity of global business entities by minimizing compliance risks (CR).Hypothesis of Research Studies. With current technology solutions available today, it is expected that SCR will allow minimizing the burden of global business entities by widespread CR. The most important role among such solutions is played by the latest distributed ledger technologies (DLT). In the medium term, these technologies will reach such a level of development, at which the transition of contractual relationships from ordinary to intelligent ones will not only lead to the decrease in business activity in world markets, but will also contribute to its substantial increase.Objective. To prove that CR substantially overburden global business processes; to substantiate the urgency of the issue of the transition of the global business to SCR, as a way to a possible lack of CR in the global business environment.Research Methods:- theoretical substantiation for proving the significance of CR as factors of the global business environment and the necessity of using DLT in SCR;- statistical analysis for conducting a normative monetary valuation of CR and representing the degree of awareness by global business entities (GBE) of the competitive advantages of SCR over ordinary ones.Results: the significance of compliance risks in the global business is defined; the importance of smart contractual relationships in the way of eliminating compliance risks essential for entrepreneurship is theoretically grounded. The existence of advantages of the activities of global business entities within one or more sectors according to the cluster principle has been proved:- the cluster economy is a set of solely smart contractual relationships with the use of blockchain technologies;- using these technologies, entrepreneurship in the cluster is accompanied by minimal compliance risks.Conclusions. The article outlines the economic essence of SCR using DLT. Accordingly, theoretically, DLT will promote the spread of SCR to the entire global business environment, since business processes that are not accompanied by CR are possible then. Further research will cover the essence of DLT, due to which all the main advantages, as well as all existing deficiencies of the technology and defects for their active introduction in SCR in the world.

scholarly journals Features, advantages and disadvantages of freight transportation in flexitanks

2020 ◽  
Vol 1 (1-2) ◽  
pp. 83-87
Author(s):  
A. P. Lutay ◽  
P. V. Kurenkov
Keyword(s):  
Freight Transportation ◽  
Transportation Costs ◽  
Innovative Development ◽  
Bulk Materials ◽  
Multimodal Transportation ◽  
Domestic Markets ◽  
Advantages And Disadvantages ◽  
Use Of Technology ◽  
The World ◽  
Marketing Methods

The device of flexitanks, as well as technical and technological features of the transportation of goods with their use, are considered. The relevance of the topic is due to the fact that at present almost 80 % of international transit in the world takes place in containers, on the domestic markets of the largest countries of the world, goods flows also go mainly in containers. Flexitanks are studied as innovative tools for organizing the chains of delivery of goods and goods in containers, having all the necessary equipment for transporting various kinds of cargo.Analytical and marketing methods are applied, taking into account the principles of the theory of logistics, logic, as well as shared materials.A comparison of this type of packaging with other transportation means is presented. It was revealed that flexitara is more oriented to non-hazardous liquid cargo in terms of its characteristics. The use of flexitanks allows to reduce transportation costs, reduce labor, time and transportation costs, as well as to carry out multimodal transportation using various modes of transport.It is established that flexitanks can act as a full-fledged and multi-functional alternative to tanks, tank containers and other containers for transporting bulk materials that are non-hazardous cargoes. The use of technology for the transportation of goods in flexitanks will contribute to the further innovative development of multi-modal freight transportation and the growth of containerization of goods exchange in general. 

scholarly journals Dynamic analysis and forecast of effective development of the agri-food sector of European countries

VUZF Review ◽  
2021 ◽  
Vol 6 (2) ◽  
pp. 182-189
Author(s):  
Robert Jurczak
Keyword(s):  
Food Security ◽  
Integrated Approach ◽  
European Countries ◽  
Optimal Time ◽  
Innovative Development ◽  
Competitive Advantages ◽  
Food Sector ◽  
Food Markets ◽  
The World ◽  
Effective Development

One of the relevant and demanded directions at this stage is the creation of modern tools for analytical and predictive projects in the development of the agri-food sector. Of particular importance is the substantiation of the globalization of agri-food markets, the integration of various types of activities. ensuring food security, development of exports and imports of agricultural products, levelling the standards of food consumption by various social strata of the population. Research into the problems of food security and independence of the European countries is necessary to substantiate a strategy for the development of the agri-food sector, including its sustainable innovative development. In modern conditions, the active participation of various countries in the world and regional trade is associated with significant competitive advantages. It allows to more efficiently use the available resources, to join the world achievements of science and technology, to modernize the economy at the optimal time, to more fully meet the needs of the population. In this article, an integrated approach is applied, which includes the study, assessment and forecast of various processes and factors of innovative development of the agri-food sector in modern conditions.

scholarly journals Globalization impact on the world travel market development

2021 ◽  
Author(s):  
Oksana Tiron ◽  
Keyword(s):  
Product Development ◽  
Social Development ◽  
National Economy ◽  
Foreign Currency ◽  
Market Development ◽  
The Social ◽  
The World ◽  
Development Prospects ◽  
New Jobs

The paper deals with the research of the theoretical and methodological bases of the world travel market functioning, taking into account the new trends influence on it and gives the characteristic of the forms of these trends. We provide the globalization processes dynamics assessment and their impact on the world travel market development. It enables the determination of the main features of Ukraine’s participation at the world travel market and results in the indication of the Ukrainian tourist product development prospects at it. The development of tourism, as one of the basic branches of national economy, is an important factor of the social development and cultural growth of Ukraine. Tourism is the source of foreign currency income in the state treasury and also the center of new jobs creation.

scholarly journals Buddhism and Buddhist Business Practices

2019 ◽  
Vol 10 (2) ◽  
pp. 115
Author(s):  
Samuel L. Dunn ◽  
Joshua D. Jensen
Keyword(s):  
Business Environment ◽  
Business Practices ◽  
High Likelihood ◽  
Business Professionals ◽  
Global Business ◽  
Doing Business ◽  
Present Information ◽  
The World ◽  
Basic Understanding ◽  
History Of

The 21st century global business environment is more diverse and interconnected than ever before. As organizations continue to expand their global reach, business professionals often find themselves having to navigate challenging cultural and religious terrain, which they may not be prepared for. While it is impossible for someone to learn the intricacies of all cultures and religions throughout the world, one can seek to learn about some of the more prominent cultures and religions of the world – particularly those they have a high likelihood of engaging with at some point in his or her business career. This paper examines Buddhism, a prevalent religion throughout many parts of the world, and discusses how its culture and beliefs are manifested through Buddhist business practices. Particular focus is placed on business in Thailand, the country with the highest percentage of Buddhists. The purpose of this paper is to provide business professionals with a basic understanding of the history of Buddhism, an overview of the major beliefs of Buddhists, and to present information that will assist business professionals in successfully navigating intercultural affairs when doing business with Buddhists in Thailand or around the world.

Trust in Organizations

2011 ◽  
pp. 293-308
Author(s):  
Muhammad Mohtsham Saeed
Keyword(s):  
Business Environment ◽  
Sensitive Information ◽  
Global Business ◽  
Trust Development ◽  
Knowledge Based ◽  
Internal Customers ◽  
The World ◽  
Innovative Products

Recent changes in the overall global business atmosphere, for example, opening of economies, increase in exchange relations, volatility of the business environment, innovative products and services, rapidly changing markets, and knowledge-based firms and information-based systems all demand quick sharing of quite sensitive information. This swift sharing of sensitive information is a major source of competitive advantage in today’s age and is not possible without trustworthy relationships of top management with external as well as internal customers (employees) of a business. Islam is the second biggest religion in the world with over 1/4th of the world’s population as its followers. Where traditional literature believes that long-term relationships result in trust development, Islam considers that trust development results in building and maintaining long-term relationships. This chapter is specifically meant to highlight the role of trust from an Islamic perspective in a leader-followers relationship as well as a leader-customers relationship.

Intelligent Transportation Systems

2018 ◽  
pp. 49-66
Author(s):  
Sundaravalli Narayanaswami
Keyword(s):  
Intelligent Transportation Systems ◽  
Intelligent Transportation ◽  
Developed Countries ◽  
Transportation Systems ◽  
Monitoring Systems ◽  
Global Business ◽  
Agent Architectures ◽  
Business Operations ◽  
The Social ◽  
The World

“Intelligent Transportation systems” is what everyone wants to know about, and about which very little is available as know-how. ITS technologies and monitoring systems are quite popular and reasonably well deployed in developed countries, particularly the roadways and airways. ITS holds a greater promise than ever before, as both availability of niche technologies and demand for more efficient transportation systems have increased multi-fold in recent years. Of late, there are huge railway projects all over the world that spans through several techniques, such as light / heavy rails, monorails etc. Apart from the social benefits that can be envisaged, these projects are genuine examples of public-private partnerships along with global business operations. Many of these projects demonstrate a classy trend of moving towards automation of operations of very large scales. Few agent architectures are discussed in brief in this chapter.

scholarly journals Hinduism and Hindu Business Practices

2018 ◽  
Vol 10 (1) ◽  
pp. 33
Author(s):  
Samuel L. Dunn ◽  
Joshua D. Jensen
Keyword(s):  
Business Environment ◽  
Business Practices ◽  
High Likelihood ◽  
Business Professionals ◽  
Global Business ◽  
Doing Business ◽  
Present Information ◽  
The World ◽  
Basic Understanding ◽  
History Of

The 21st century global business environment is more diverse and interconnected than ever before. As organizations continue to expand their global reach, business professionals often find themselves having to navigate challenging cultural and religious terrain, which they may not be prepared for. While it is impossible for business professionals to learn the intricacies of all cultures and religions throughout the world, one can seek to learn about some of the more prominent cultures and religions of the world – particularly those they have a high likelihood of engaging with at some point in business. This paper examines Hinduism, a prevalent religion throughout many parts of the world, and discusses how its culture and beliefs are manifested through Hindu business practices. Particular focus is placed on business in India, the country with the largest number of Hindus. The purpose of this paper is to provide business professionals with a basic understanding of the history of Hinduism, an overview of the major beliefs of Hindus, and present information that will assist business professionals in successfully navigating intercultural affairs when doing business with Hindus in India and around the world.

scholarly journals Evolution of managers’ opinions on usability of different resources for developing competitive advantages

Management ◽  
2014 ◽  
Vol 18 (1) ◽  
pp. 341-355
Author(s):  
Ireneusz Bielski
Keyword(s):  
Economic Crisis ◽  
Business Environment ◽  
Competitive Advantages ◽  
Educational Mobility ◽  
The World ◽  
World Economic ◽  
The Subject ◽  
Entrepreneurial Strategy ◽  
World Economic Crisis ◽  
Selection Of

Summary Nowadays, in order to survive and operate on the market, enterprises need to focus on developing competitive advantages as well as on using all the available methods one of which being entrepreneurial strategy. This strategy provides the possibility to achieve success on the market by being able to detect the opportunities that appear in the constantly changing business environment and take advantage of them using the available resources. Effectiveness of the accepted strategy is determined by selection of the resources that are to be used for developing competitive advantages. Managers; opinion on the subject of particular resources, apart from the world economic crisis, is also affected by specificity of the target markets. The world economic crisis has changed attitudes to different resources In terms of their being used for generation of competitive advantages. In all cases, these are intangible factors that have become of more value rather than tangible ones, particularly human resources, leadership and educational mobility.

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