ICT Powered Strategic Flexibility System Dynamic Model

2016 ◽  
pp. 967-987
Author(s):  
Agnes Mindila ◽  
Anthony Rodrigues ◽  
Dorothy McCormick ◽  
Ronald Mwangi
Keyword(s):  
System Dynamics ◽  
Strategic Management ◽  
Dynamic Model ◽  
Dynamic Capabilities ◽  
System Dynamic ◽  
Strategic Flexibility ◽  
System Dynamic Model ◽  
Sustainable Competitive Advantage ◽  
Modeling Methodology ◽  
The Impact

Resource-Based View (RBV) of the firm in strategic management literature focuses on firm internal endowments in terms of resources, capabilities and dynamic capabilities for their development. By establishing a learning mechanism, where they are able to adapt and influence the environment, enterprises build a dynamic competence and sustainable competitive advantage. This paper posits that this dynamic competence or strategic flexibility as referred to by strategic management scholars is a phenomenon that needs to be understood by scholars and practitioners in MSEs so that effective intervention programs can be designed. The paper argues that by treating strategic flexibility as a CAS provides a methodology within which models based on known theories in strategic management are employed and tested using system dynamics. The paper also posits that System Dynamics (SD) modeling is a good modeling methodology that captures the dynamism in a CAS. The paper therefore presents a conceptual model for strategic flexibility and a system dynamic model that reveals the variables in play and their relationships. In so doing the paper exposes influence points in the CAS that act as intervention points by practitioners in strategic flexibility of firms. The paper presents ICTs as interventions at the influence points and presents a generic strategic flexibility system dynamic model that brings to play the impact of ICT.

ICT Powered Strategic Flexibility System Dynamic Model

2014 ◽  
Vol 3 (1) ◽  
pp. 90-110 ◽  
Author(s):  
Agnes Mindila ◽  
Anthony Rodrigues ◽  
Dorothy McCormick ◽  
Ronald Mwangi
Keyword(s):  
System Dynamics ◽  
Strategic Management ◽  
Dynamic Model ◽  
Dynamic Capabilities ◽  
System Dynamic ◽  
Strategic Flexibility ◽  
System Dynamic Model ◽  
Sustainable Competitive Advantage ◽  
Modeling Methodology ◽  
The Impact

Resource-Based View (RBV) of the firm in strategic management literature focuses on firm internal endowments in terms of resources, capabilities and dynamic capabilities for their development. By establishing a learning mechanism, where they are able to adapt and influence the environment, enterprises build a dynamic competence and sustainable competitive advantage. This paper posits that this dynamic competence or strategic flexibility as referred to by strategic management scholars is a phenomenon that needs to be understood by scholars and practitioners in MSEs so that effective intervention programs can be designed. The paper argues that by treating strategic flexibility as a CAS provides a methodology within which models based on known theories in strategic management are employed and tested using system dynamics. The paper also posits that System Dynamics (SD) modeling is a good modeling methodology that captures the dynamism in a CAS. The paper therefore presents a conceptual model for strategic flexibility and a system dynamic model that reveals the variables in play and their relationships. In so doing the paper exposes influence points in the CAS that act as intervention points by practitioners in strategic flexibility of firms. The paper presents ICTs as interventions at the influence points and presents a generic strategic flexibility system dynamic model that brings to play the impact of ICT.

Policy Planning in Higher Technical Education

2021 ◽  
pp. 620-646
Author(s):  
Sanjay Soni ◽  
B.K. Chorasia
Keyword(s):  
Dynamic Model ◽  
Education System ◽  
Technical Education ◽  
Research Work ◽  
System Dynamic ◽  
System Dynamic Model ◽  
Policy Planning ◽  
Technical Institute ◽  
The Impact

In the present Research work an attempt has been made to compute quality of higher technical Institute by incorporating various important parameters such as faculty strength, Placement of students, faculty satisfaction, student's satisfaction etc. The impact of these factors on quality of higher technical education is studied by constructing a system dynamic model for policy planning for optimum quality in higher technical education system.

Modeling and Simulation of Enterprise Alliance Running Status Based on System Dynamics

2011 ◽  
Vol 55-57 ◽  
pp. 898-903
Author(s):  
Xian Zhang
Keyword(s):  
Qualitative Analysis ◽  
System Dynamics ◽  
Modeling And Simulation ◽  
Dynamic Model ◽  
Dynamic Theory ◽  
Core Competencies ◽  
System Dynamic ◽  
System Dynamic Model ◽  
Key Factors

In this paper the key factors of the enterprise alliance running status were studied based on system dynamic theory. These factors include intrinsic restraint, achievement, core competencies and compatibility. A causality diagram and a system dynamic model which can reflect the growing process of enterprise alliance running phase were established. A program simulating the system dynamic model of the enterprise alliance running phase is also achieved, and the validation was infered by a qualitative analysis. The results show that it is a workable method to study the enterprise alliance running status with system dynamic theory．

scholarly journals CASE STUDY: DESIGN VALUE MEASURING BY SYSTEM DYNAMICS

2021 ◽  
Vol 24 (3) ◽  
pp. 79-92
Author(s):  
Eva Šviráková ◽  
Jan Kramoliš
Keyword(s):  
System Dynamics ◽  
Dynamic Model ◽  
Quantitative Evaluation ◽  
Qualitative Data ◽  
System Dynamic ◽  
Strategic Decision ◽  
External Parameter ◽  
System Dynamic Model ◽  
Design Value ◽  
Definition Of

The aim of the article is to show a way to measure the economic value of design using system dynamic modeling of key processes in an organization. The article fully accepts the complexity of the concept of design and opens up the possibility for employing system dynamics in design value measuring. The definition of design is given as an integral concept for which it is difficult to find a benchmark. The sequential explanatory method was chosen to solve the research problem. Qualitative data is collected first and it is recorded and examined. After that the data is transformed into numeric values and taken for quantitative evaluation in a system dynamic model. The connection of qualitative research data in a tool for quantitative evaluation allows an original interpretation of relationships that have been obtained and are collected only as qualitative data. Qualitative data collection is based on the visualization of a new definition of design: Design is an integration of functional, distribution, emotional and social experience of the customer. The questionnaire is in the form of Design Value Canvas and is used to determine the initial Design Value Algorithm (DVA) coefficient. As an external parameter, the DVA coefficient influences the development of the number of customers and their willingness to order the company’s products in the system dynamic model. The main result is the finding that an investment in design, which is confronted with customer preferences, fundamentally changes the economic parameters of business. Economic benefits of a design change in a company are always influenced by a strategic decision made by the entrepreneur who has to know the behaviour of their customers and to correctly choose the field of design in which it pays to invest.

scholarly journals System Dynamic Model of Measures for Reducing the Number of Road Accidents Due to Wrong-way Movement on Motorways

2012 ◽  
Vol 21 (2) ◽  
pp. 85-91 ◽  
Author(s):  
Darja Topolšek ◽  
Martin Lipičnik
Keyword(s):  
System Dynamics ◽  
Dynamic Model ◽  
Traffic Safety ◽  
Traffic Management ◽  
System Dynamic ◽  
System Dynamic Model ◽  
Road Accidents ◽  
High Speeds ◽  
Wrong Direction ◽  
Individual Project

This paper provides a system dynamic model for reducing the number of motorway accidents due to wrong-way driving. Motorway accidents are often fatal due to high speeds. It is therefore necessary to carry out all the possible countermeasures in order to achieve adequate traffic management. One of the reasons for motorway accidents is driving in the wrong direction. Based on the analysis of the data on motorway accidents caused by driving in the wrong direction and based on the knowledge of individual project elements of junctions and slip roads, this paper will focus on this area. The possible countermeasures, presented here for preventing drivers from driving in the wrong direction on motorways drastically reduce the number of U-turn maneuvers that result in driving in the wrong direction and influence the level of safety on motorways. With the help of this model of system dynamics the countermeasures for reducing the number of such drivers will be confirmed and their effects will be shown. KEY WORDS: traffic safety, motorway, direction, (road) accidents, measures, system dynamics

scholarly journals System Dynamic Model for the Accumulation of Renewable Electricity using Power-to-Gas and Power-to-Liquid Concepts

2015 ◽  
Vol 16 (1) ◽  
pp. 54-68 ◽  
Author(s):  
Andra Blumberga ◽  
Lelde Timma ◽  
Dagnija Blumberga
Keyword(s):  
Renewable Energy ◽  
System Dynamics ◽  
Dynamic Model ◽  
System Dynamic ◽  
System Dynamic Model ◽  
Conceptual System ◽  
Renewable Energy Resources ◽  
Power To Gas ◽  
Internal And External Factors

Abstract When the renewable energy is used, the challenge is match the supply of intermittent energy with the demand for energy therefore the energy storage solutions should be used. This paper is dedicated to hydrogen accumulation from wind sources. The case study investigates the conceptual system that uses intermitted renewable energy resources to produce hydrogen (power-to-gas concept) and fuel (power-to-liquid concept). For this specific case study hydrogen is produced from surplus electricity generated by wind power plant trough electrolysis process and fuel is obtained by upgrading biogas to biomethane using hydrogen. System dynamic model is created for this conceptual system. The developed system dynamics model has been used to simulate 2 different scenarios. The results show that in both scenarios the point at which the all electricity needs of Latvia are covered is obtained. Moreover, the methodology of system dynamics used in this paper is white-box model that allows to apply the developed model to other case studies and/or to modify model based on the newest data. The developed model can be used for both scientific research and policy makers to better understand the dynamic relation within the system and the response of system to changes in both internal and external factors.

scholarly journals An Assessment of Factors Affecting Erp Implementation: A Systemic View

2019 ◽  
Vol 8 (3) ◽  
pp. 3801-3808
Keyword(s):  
Dynamic Model ◽  
Enterprise Resource Planning ◽  
Resource Planning ◽  
Economic Liberalization ◽  
Service Industries ◽  
System Dynamic ◽  
Equation Modeling ◽  
System Dynamic Model ◽  
Erp Implementation ◽  
The Impact

The emergence of globalization and economic liberalization has paved a new path to global industrial scenario. The impact of globalization and economic liberalization resulted in a paradigm shift in the way of carrying out business. Industries worldwide are coming up with modern tools and techniques to face the global competition and the pressure of gaining success is increasing as never before. Enterprise Resource Planning (ERP) was one such tool which emerged in the era of globalization, it plays a vital role in improving the performance of the firm at large and in yielding long term benefits which are essentials for any firm to sustain and prosper. ERP results in providing a central database wherein the data can be accessed, updated and automated. The data redundancy is eliminated which results in saving time and money. This paper focuses on building a System Dynamic model of ERP implementation management with special reference to manufacturing and service industries of North-Karnataka. This System Dynamic model is based on the results of Factor Analysis and causal loops obtained from Structural Equation Modeling. The contour plots obtained for different parameters assists managers of implementing firms in decision making which in turn lead to ERP implementation success. This system dynamic model so developed assists the managers in policy planning and in taking appropriate measures to overcome the hurdles and for hassle- free implementation of ERP at large.

scholarly journals The Impact of Dynamic Capabilities on Sustainable Competitive Advantage in the Pharmaceutical Sector in Egypt

2017 ◽  
Vol 6 (2) ◽  
pp. 1
Author(s):  
Albert Naiem Naguib ◽  
Eahab Elsaid ◽  
Abdel Moneim Elsaid
Keyword(s):  
Competitive Advantage ◽  
Dynamic Capabilities ◽  
Secondary Data ◽  
Primary Data ◽  
Sustainable Competitive Advantage ◽  
Firm Characteristics ◽  
Pharmaceutical Sector ◽  
Chi Square ◽  
Pharmaceutical Firms ◽  
The Impact

This study examines the relationship between dynamic capabilities (experience, routine, skills, firm characteristics, knowledge and technology) and competitive advantage sustainability in the Egyptian pharmaceutical sector. The data was collected using primary and secondary data sources. Primary data was collected from questionnaires distributed to 160 top managers in 20 pharmaceutical firms. The secondary data about pharmaceutical firms like rankings, revenues and market share was collected from external sources such as Intercontinental Marketing Service (IMS). The questionnaires examine six independent variables based on a five-scale Likert scale. The methodology used in the study is non-probability sampling (judgmental sampling), Cronbach’s alpha reliability coefficient and Chi-square tests. The results support the notion that there is a significant relationship between four of the six dynamic capabilities (experience, skills, firm characteristics and knowledge) and the competitive advantage sustainability for pharmaceutical firms in Egypt. Designing the questionnaire and formulating the questions to target the required field was challenging, given that the topic is dynamic and the business scene in Egypt has witnessed drastic political changes since January 2011. The study should assist pharmaceutical companies in Egypt in directing their investments properly and in determining the weaknesses in their dynamic capabilities that need to be addressed.

Sign in / Sign up

Export Citation Format

Share Document