scholarly journals Modeling the Business Environment of an Energy Holding in the Formation of a Financial Strategy

Energies ◽  
2021 ◽  
Vol 14 (23) ◽  
pp. 8107
Author(s):  
Alex Borodin ◽  
Galina Panaedova ◽  
Svetlana Frumina ◽  
Aidyn Kairbekuly ◽  
Natalia Shchegolevatykh
Keyword(s):  
External Environment ◽  
Business Environment ◽  
Financial Strategy ◽  
Internal Factors ◽  
Financial Flows ◽  
Dynamic Factors ◽  
Discriminant Models ◽  
Algorithmic Strategy ◽  
Integral Assessment ◽  
The Impact

This article consists of the development of a set of methodological provisions concerning the identification of the features of the influence of the business environment on the effectiveness of the implementation of the company’s financial strategy and the development of a system for its adaptation to the conditions of a dynamic external environment. The purpose of this article is to build an economic and mathematical model to identify the main elements of the business environment that affect the company’s strategy, the formation of methods for evaluating the effectiveness of the implementation of a financial strategy taking into account such influence. The author’s contribution consists in the development of an effective financial algorithmic strategy of the energy holding, considering the influence of the environmental factors. Hypothesis: the use of mathematical models of the business environment will increase the efficiency of energy holding management in the field of finance and investments. The scientific novelty of this article lies in the development of an algorithm that allows for obtaining an integral assessment of the impact of external and internal factors of the energy holding’s business environment on its financial strategy using taxonomy methods, multidimensional statistical analysis and cluster and discriminant models. Results: the authors have developed a model of the influence of the energy holding’s business space, which allows improving the interaction of financial flows within the holding and obtaining an optimal distribution of financial resources, taking into consideration the dynamic factors of the company’s external environment.

Investigating the Impact of Research and Development Strategy on Firm Performance

2011 ◽  
Vol 495 ◽  
pp. 306-309 ◽  
Author(s):  
Panagiotis Trivellas
Keyword(s):  
Firm Performance ◽  
Research And Development ◽  
Competitive Advantage ◽  
Development Strategy ◽  
Dominant Role ◽  
External Environment ◽  
Business Environment ◽  
Organizational Size ◽  
Market Shares ◽  
The Impact

This paper examines the influence of Research and Development (R&D) strategy on firm performance controlling for external environment. In this turbulent era, several firms build their competitive advantage on their innovation competence investing on R&D. Drawing upon a sample of 248 firms located in Greece, a structured questionnaire was developed to measure R&D strategy, external environment (dynamism, complexity, munificence, technological) and firm performance (financial, market, innovation, growth and organizational). The importance of R&D strategy in explaining the variance of all performance dimensions is confirmed with innovation performance playing a dominant role. Results indicate that R&D strategy is the most crucial antecedent of firm performance, controlling for business environment. Among environmental dimensions, only dynamism exerts statistical significant relationships. Regarding organizational size, larger firms possess a competitive advantage in the market, enjoying dominant market shares, while smaller firms exhibit supremacy regarding their innovative behavior.

scholarly journals Information systems environmental alignment and business performance: A case study

2005 ◽  
Vol 36 (4) ◽  
pp. 33-53 ◽  
Author(s):  
A. K. Garg ◽  
R. J.O. Joubert ◽  
R. Pellissier
Keyword(s):  
South Africa ◽  
Information Systems ◽  
Business Performance ◽  
Banking Sector ◽  
External Environment ◽  
Environmental Uncertainty ◽  
Business Environment ◽  
Is Strategy ◽  
Alignment Model ◽  
The Impact

The studies to establish the relationship between the external environment and business performance have not produced any conclusive results. Moreover, the field combining environmental uncertainty, information systems (IS) strategy and business performance has not been well explored. Considering the gap in current research, this study conceptualises an information systems environmental alignment model. The model analysed the extent of support provided by IS strategy in the assessment of environmental uncertainty and also examined the impact of IS environmental alignment on business performance. Based on empirical data collected by means of a questionnaire from 22 commercial banks in South Africa (covering more than 90% of the commercial banking sector) and using the Partial Least Squares (PLS) technique, the study validated the IS environmental alignment model and found that banks were using IS support to assess the external environment of business. The results suggest that it is not the IS support or investment in information technology (IT) that impacts on business performance, but rather the effective use of IS support in meeting the information needs of the organisation. The study also found that profitability still remains the key measure of business performance in the banking sector in South Africa. These findings have major implications for IT investment by banks, and for the implementation of IS strategy and general investment in the banking sector. IS environmental alignment is becoming extremely important for business because of the substantial investment in IT and the uncertainty of the business environment.

scholarly journals Examination of the Prospects for Formation and Development of the Finno-Ugric Tourist Cluster in the Republic of Mordovia

REGIONOLOGY ◽  
2018 ◽  
Vol 26 (3) ◽  
pp. 438-459 ◽  
Author(s):  
Svetlana E. Maykova ◽  
Denis V. Okunev
Keyword(s):  
Local Population ◽  
Geographical Location ◽  
Tourism Industry ◽  
Internal Factors ◽  
The Republic ◽  
Cultural Component ◽  
Hospitality And Tourism Industry ◽  
Integral Assessment ◽  
The Impact

Introduction. The article is of relevance due to the need to develop the tourism industry as one of the most attractive investment components of regional develop- ment from a strategic perspective. The purpose of the article is to substantiate the prospects for development of the Finno-Ugric tourist cluster in the territory of the Republic of Mordovia it being an integrating element of the comprehensive use of available resources involved in the process of providing tourist and recreational services and contributing to the competitiveness of the region. Materials and Methods. The study employed the factor analysis as well as the methods of SNW analysis and integral assessment of the degree of influence of the factors on the tourism industry. Using the methods of mapping, a map of the long- term development of tourist clusters of the Republic of Mordovia was constructed. Results. The influence of external and internal factors in the development of the tourism industry in the region was assessed on the basis of the analysis of the trends and dynamics of the development of the tourist services market in the Republic of Mordovia as well as of the degree and nature of the impact of external and internal factors on the formation of the tourism industry. The investment risk and potential of the tourism industry were ranked and a map of the long-term development of tourist clusters of the region was drawn conditioned by available natural resources, geographical location, cultural potential and traditions of the local population. It was proved that the ethno-cultural component was the key element of development of the tourism industry in the region. Discussion and Conclusions. The cluster approach in the development of the tour- ism industry is the most promising one as it promotes the effective integration of all elements of the tourist services sector as well as the functioning of the tourist infrastructure, the growth of the investment attractiveness of this area of activity and the competitiveness of the region as a whole. The article is intended for managers and specialists of organizations and enterprises of the hospitality and tourism industry.

scholarly journals THE IMPACT OF THE BUSINESS ENVIRONMENT ON THE EFFECTIVENESS OF THE IMPLEMENTATION OF THE FINANCIAL STRATEGY OF THE OIL AND GAS COMPANY

2021 ◽  
Vol 11 (5) ◽  
pp. 13-21
Author(s):  
Alex Borodin ◽  
Natalia Natocheeva ◽  
Irina Khominich ◽  
Andrey Kulikov ◽  
Natalia Shchegolevatykh
Keyword(s):  
Oil And Gas ◽  
Business Environment ◽  
Financial Strategy ◽  
The Impact

scholarly journals METHODOLOGICAL PRINCIPLES OF FINANCIAL STRATEGY DEVELOPMENT SUSTAINABLE DEVELOPMENT OF PUBLIC COMPANIES

2021 ◽  
Author(s):  
Liudmyla Zaitseva
Keyword(s):  
Sustainable Development ◽  
Action Plan ◽  
Business Environment ◽  
Strategy Development ◽  
Financial Strategy ◽  
Public Companies ◽  
Financial Flows ◽  
Balanced Development ◽  
Strategy System ◽  
Methodological Principles

The article emphasizes the priority of financial strategy to achieve sustainable development of the company by ensuring the balance of functions and objectives. The author’s view of the definition of “financial strategy” defines the specific functions, key features and components that allow the implementation of the financial action plan associated with risk and uncertainty. The financial strategy of a public company focused on sustainable development is a system of formation and implementation of priority financial goals that ensure balanced development by effectively attracting and using financial resources, coordinating their flows, ensuring the necessary level of financial security based on continuous accounting of external and internal factors. The methodological bases of the process of financial support of socially responsible activity of public companies, which serve as the basis of financial strategy: system of principles and goals, mechanisms of interaction of subject and object of management, nature of relations between elements of economic and organizational structure, forms of adaptation to constantly changing conditions environment. The content of priority aspects of financial strategy based on business planning in connection with certain provisions of theories of financial equilibrium, financial and economic stability and economic growth is outlined. On the basis of the system approach the conceptual model of financial strategy of sustainable development of public companies is presented, presented in the form of stages which is realized by means of own methods and financial indicators of the specified components. Of particular importance for the company is the value as an indicator of status. Due to the company’s potential, financial and non-financial capital, the influence of external factors of the business environment and time, the model of value formation is characterized in the context of socially oriented activities. The proposed components of the model indicate the factors shaping the value of financial flows of income and expenses, the cost of capital, as well as the influence of risk factors and uncertainty.

scholarly journals Institutional Aspects of Risk Strategic Management in Azerbaijan Hospitality Sector

2020 ◽  
Vol 12 (4) ◽  
pp. 126-137
Author(s):  
Nuray Rauf Rza-Zadeh ◽  
◽  
Marek Dvořák ◽  
Keyword(s):  
Risk Management ◽  
Strategic Management ◽  
Information And Communication Technologies ◽  
Business Processes ◽  
External Environment ◽  
Business Environment ◽  
Starting Point ◽  
Hospitality Sector ◽  
Institutional Aspects ◽  
The Impact

Nowadays, in the 21st century that is distinguished by the high penetration of information and communication technologies, interconnectedness and globalization, the effectiveness of institutions is increasingly manifesting the pressing need to clearly define and assess the prospects and directions of business development, taking into account the likelihood and the occurrence of the objective and subjective risks. This is happening mostly due to the growing volatility of the macroeconomic environment, increased competition, and the rapid globalization of various business processes and solutions. Taking this into account, one can see that the risk of the management process of the hospitality industry represents a complex multi-level procedure. The starting point of the whole risk management system is their forecasting which becomes the most effective way to prepare management decisions in hotel enterprises for the future. This paper focuses on the institutional aspects of risk strategic management in Azerbaijan hospitality sector related to legal, organizational, and cultural characteristics of development. The aim of this study is to identify the major institutional aspects of risk factors of the external environment as well as to realistically assess the changes in the impact of these factors on the activities of hotel enterprises and the hospitality sector of Azerbaijan for the nearest future based on the expert risk forecasting method. Moreover, the paper aims at updating the strategy of hotel development taking into account the changes in the external environment and to link these risks to the business processes taking place in hotel enterprises and in the hospitality sector. We analyze and describe the most important factors and sources of threats to hotel enterprises of Azerbaijan, such as the probability of new competitors, increasing competitive pressure, imperfect business environment in the country, increase in airline tariffs, changing customer needs and tastes, and maintaining a visa regime with many countries. Our results propose some organizational and economic mechanisms for risk management in the hospitality sector.

scholarly journals Market orientation and performance: the contingency role of external environment

2016 ◽  
Vol 7 (2) ◽  
pp. 130-137 ◽  
Author(s):  
Brownhilder Ngek Neneh
Keyword(s):  
South Africa ◽  
Market Orientation ◽  
Business Performance ◽  
Customer Orientation ◽  
External Environment ◽  
Business Environment ◽  
Three Dimensions ◽  
Superior Performance ◽  
Technological Turbulence ◽  
The Impact

In today’s business environment characterized by intense competition from globalization and incessantly changing customer needs, market orientation (MO) has been presented as a valuable approach for firms to safeguard themselves against market fluctuations and maintain continuous superior performance. Even though existing literature suggest that MO is a vital driver of business performance, some studies have failed to find its benefits. This is possibly because the MO-performance relationship is has been argued to be context specific and contingent to the business environment. This study thus had as objective to investigate the impact of MO on SME performance, as well as the moderating effects of the external environment on the MO- performance nexus. Using data from South Africa, this study showed that two of the three dimensions of MO (i.e. customer orientation, competitor focus) are significant drivers of business performance and that the MO-performance nexus is moderated by the external environmental factors. Specifically the MO-performance relationship is positively moderated by market turbulence and negative moderated by technological turbulence and competitive intensity. The study culminates with theoretical and practical implications that can be valuable for scholars and businesses operating in South Africa

scholarly journals ASSESSMENT OF THE IMPACT OF THE BUSINESS ENVIRONMENT ON THE PROFITABILITY OF ENTERPRISES

2021 ◽  
Author(s):  
Eleonora Tereshchenko ◽  
Oksana Shkolenko ◽  
Viktoriya Andryeyeva
Keyword(s):  
Regression Analysis ◽  
Business Environment ◽  
Internal Factors ◽  
Systematic Assessment ◽  
Correlation And Regression Analysis ◽  
Net Profit ◽  
Macroeconomic Indicators ◽  
The Face ◽  
The Cost ◽  
The Impact

Based on the correlation and regression analysis, the article assesses the influence of external and internal factors of the business environment on the profitability of modern enterprises. The directions of improving the strategy for managing the profitability of domestic enterprises in the conditions of the dynamism of the business environment are determined, the implementation of which will give their leaders the opportunity to focus on the priorities of long-term development. Taking into account the impact of the variability of the business environment will allow enterprises to form an adaptation buffer in the face of the transformational challenges of our time. The expediency of carrying out a systematic assessment of the factors of the business environment for the activities of enterprises has been substantiated, the results of which will make it possible to adjust the priorities for the future development of entrepreneurial structures. The carried out correlation and regression analysis of the influence of the business environment made it possible to determine the progressive directions of the strategy for managing the profitability of enterprises. With the help of a quantitative assessment, a significant relationship was determined between the cost of goods sold and net profit, as well as the dependence of net profit on macroeconomic indicators of the country's development, in particular: the real wage index and the growth rate of nominal GDP. In today's dynamic business environment, one of the most important factors in the competitiveness of any enterprise is the development and implementation of a profit management strategy. Therefore, the authors have proposed strategic actions to manage profitability at the conditionally taken enterprise "XXX", namely: creation of an information base: analysis of the volume and composition of the income received; indicators that determine their size and leve; development of a forecast of possible options for the distribution of income by type of activity and their assessment; formation of the optimal variant of the distribution of enterprise income.

scholarly journals BUSINESS ENVIRONMENTS AND ENTREPRENEURIAL PERFORMANCE: A CASE STUDY OF BOTTLED WATER COMPANIES IN RIVERS STATE

2020 ◽  
pp. 12-24
Author(s):  
Joseph-Wakama Josephine ◽  
B. Chima Onuoha
Keyword(s):  
External Environment ◽  
Business Environment ◽  
Bottled Water ◽  
Working Environment ◽  
Internal Environment ◽  
Entrepreneurial Performance ◽  
Business Environments ◽  
Port Harcourt ◽  
Water Companies ◽  
The Impact

The paper examined the impact of business environment on the entrepreneurial performance of bottled water companies in Nigeria. Literature on the business environment and entrepreneurial performance in Nigeria is also presented. Second, on the basis of a sample of 3 bottled water companies with a sample size of 105, a questionnaire was developed to gather information from respondents, using a correlation analysis, the collected and analysed data. In conjunction with measures such as productivity and customer satisfaction, dimensions such as the internal environment and the external environment include a moderating variable which is organizationally structured to capture all aspects of the model. The study found that the internal environment, a proxy for business environments, shows a positive and significant relationship with productivity as the best measure for the environment in bottled water companies in Port Harcourt, and the external environment shows a positive and meaningful relationship with productivity as the best measure for the environment in bottled water companies in Port Harcourt It is recommended that, as far as possible, the management of Bottled Water companies should provide employees with an attractive working environment and provide opportunities for development to enhance employee career growth and make them satisfied to remain in the organization and plan strategically for changes to the external environment. The study concluded that there was an impact on entrepreneurial performance on the external business environment, political, economic, technological and socio-cultural, etc. To identify opportunities and threats to their company and organization, organizations should therefore understand the implications of the entrepreneurial performance of their business activities. KEYWORDS: Business Environment, Internal environment, external environment, Entrepreneurial performance, Bottle water companies

scholarly journals Structure of the enterprise 's external business environment: concept, factors, research methodology

KANT ◽  
2020 ◽  
Vol 35 (2) ◽  
pp. 71-75
Author(s):  
Anna Fedorkova ◽  
Victor Fursov ◽  
Natalia Lazareva
Keyword(s):  
Research Methodology ◽  
External Environment ◽  
Business Environment ◽  
Competitive Advantages ◽  
Market Position ◽  
Indirect Influence ◽  
The Impact

This article discusses the role of analysis of the external business environment as a tool to enhance competitive advantages of the company and strengthen its market position. The author considers the structure of the external business environment, which is a set of factors of direct and indirect influence, as well as the role of each of its components in the activity of a particular enterprise. The article also defines the properties of the company 's external environment. The study examined and summarized existing methods and directions for the study of the external business environment. The conclusions are confirmed by the results of the analysis of the impact of the external business environment on a particular enterprise.

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