Best Business Practices for Incorporating Change

2021 ◽  
pp. 118-129
Author(s):  
Peter J. Stockmann
Keyword(s):  
Organization Change ◽  
External Factors ◽  
Business Practices ◽  
Management Process ◽  
Bottom Line ◽  
Business Decisions ◽  
Strategic Goals ◽  
Short And Long Term ◽  
Best Business Practices

Organizational changes are made for business decisions that aim to improve performance and achieve short- and long-term strategic goals. The decisions to change are usually based on analysis of the organization, and success is evaluated by improving bottom-line performance. And many changes are unplanned. Despite all the preplanning, external factors can change or even divert the progress of the organization. Change is inevitable, and a good change management process can help ensure the potential for success.

scholarly journals Faktor Eksternal dan Internal yang Mempengaruhi Profitabilitas Bank Syariah di Indonesia

2018 ◽  
Vol 13 (1) ◽  
pp. 51
Author(s):  
Yudhistira Ardana
Keyword(s):  
Error Correction ◽  
Commercial Bank ◽  
External Factors ◽  
Internal Variables ◽  
Business Unit ◽  
Short Term ◽  
Correction Model ◽  
Monthly Data ◽  
Short And Long Term

This study aims to determine the influence of external factors (inflation and BI rate) and internal (CAR, REO, FDR, and NPF) on the level of profitability of sharia banks in Indonesia as measured by ROA. The data used in this study is the data of Sharia Commercial Bank and Sharia Business Unit in Indonesia from 2011 to 2018 using monthly data. This research uses error correction model which is commonly abbreviated as ECM. The results show that the external and internal variables together significantly influence the ROA variable. Individually, CAR, NPF and Inflation variables have no significant effect on ROA, while FDR and REO variables in both short and long term have significant effect on ROA. BI rate in this study has no significant effect on ROA in the short term, but has a significant effect on ROA variable in the long term

Instruments and Methods for the Integration of Sustainability in the Project Management

2013 ◽  
pp. 394-407
Author(s):  
Aleksander Janeš ◽  
Armand Faganel
Keyword(s):  
Project Management ◽  
Performance Management ◽  
Balanced Scorecard ◽  
Management System ◽  
Business Performance ◽  
Business Processes ◽  
Long Term Effects ◽  
Strategic Goals ◽  
Short And Long Term

The purpose of this chapter is to propose a framework that is supporting achievement of the sustainable strategy of the organization. The research frames the methodology that integrates project management and Balanced Scorecard (BSC) in the management system of the organization. In this applicative project research, the authors identified and analyzed the Key Performance Indicators (KPIs) that significantly contribute to the benefits of the business processes exploitation. The involved company executes monitoring of its business performance in the four perspectives of the BSC. With this case study, the authors attempted to get deeper understanding, and to clarify and evaluate the causalities between strategic goals and their respective KPIs. For this purpose, they developed an Error Correction Model with which they performed application on the KPIs and estimated short and long term effects between them. The developed model also supports improvements of the performance management system and monitoring of projects.

scholarly journals Motivation solutions for small and medium-sized enterprises in the Southern Transdanubian Region

2020 ◽  
Vol 14 (3-4) ◽  
pp. 39-46
Author(s):  
Bettina Boldizsár ◽  
Veronika Bardóczky ◽  
Orsolya Szigeti
Keyword(s):  
Employee Training ◽  
Employee Motivation ◽  
Business Practices ◽  
Business Executives ◽  
Motivation Strategy ◽  
Mere Presence ◽  
Short And Long Term ◽  
The Difference

The singularity of human resources and the complex interests in the world of work are a constant challenge for business executives and HR colleagues. While the difference between the performance of a motivated and an unmotivated employee can be up to twice as much at almost the same cost level, the motivation strategy is typically either absent from the business life, or operates on a reactive concept based on an unconscious design. Although the mere presence of motivation and its various levels are less quantifiable in exact terms with direct tools, a performance which is much weaker than possible is measurable in the short and long term, and its negative economic results are clear. The aim of the research is to examine the motivational practices of small and medium-sized enterprises (SMEs) operating in the Southern Transdanubian Region. Involving 300 businesses we evaluated the applied wage system, the role of money among the motivational tools, the extent and causes of fluctuation, the system of employee training, the way of performance evaluation, the reasons for underperformance, the importance of motivation, the company motivation strategy and the efforts to retain the key people. The employee motivation can be increase in several forms, but the priority of needs and claims is constantly changing. Updating this motivational matrix is a real leadership challenge, but this effort can pay off multiple times. According to the results it can be stated that the motivation strategy – as a key economic issue – is not given sufficient attention in business practices.

scholarly journals Модели экономического влияния рекламы: первичные эффекты

2020 ◽  
pp. 61-85
Author(s):  
Сергей Вартанов
Keyword(s):  
Comprehensive Description ◽  
General Classification ◽  
Demand Functions ◽  
Strategic Goals ◽  
Short And Long Term ◽  
The Impact ◽  
Advertising Communication ◽  
Different Levels

Настоящая работа представляет собой вторую часть цикла из пяти статей, посвященных обзору существующих моделей, методов и взглядов на эффекты воздействия экономического института рекламы на рынок на всех возможных уровнях. В ней рассмотрен самый нижний уровень влияния рекламы, связанный с изменением под ее воздействием поведения конечных потребителей. Эффекты, оказываемые рекламой на них, являются первичными эффектами, так как именно с них «начинается» цепочка рекламного влияния на рынок. В работе рассмотрены убеждающая и информативная функции рекламы, сопоставлены визуальные и текстовые ее варианты, обсуждаются основные положения когнитивного и поведенческого подходов к анализу воздействия рекламы на формирование потребительского спроса. Кроме того, описаны кратко- и долгосрочные первичные эффекты и особенности их учета и моделирования с помощью функций спроса и основанная на этом методология перехода к анализу поведения фирм, стремящихся использовать рекламное воздействие для достижения своих стратегических целей. The present work continues a cycle of review articles dedicated to a comprehensive description and analysis of effects caused by advertising as an economic institution on the whole economy on different levels. Whereas the introductive part of the cycle gives a general classification of such effects, the current work considers the lowest level of advertising impact associated with changes in the end consumers behavior. This class of effects may be regarded as the primary since they start the chain of advertising impact on the whole market. The paper considers the persuasive and informative functions of advertising, compares its visual and textual variants, discusses the main provisions of the cognitive and behavioral approaches to the analysis of the impact of advertising on the consumer demand formation as well as main models of advertising communication. In addition, short and long-term primary effects and the specifics of their accounting and modeling using demand functions and the methodology based on this for the transition to the analysis of the behavior of firms seeking to use advertising influence to achieve their strategic goals are described.

scholarly journals DERN: Deep Ensemble Learning Model for Short- and Long-Term Prediction of Baltic Dry Index

2020 ◽  
Vol 10 (4) ◽  
pp. 1504 ◽  
Author(s):  
Imam Mustafa Kamal ◽  
Hyerim Bae ◽  
Sim Sunghyun ◽  
Heesung Yun
Keyword(s):  
Deep Learning ◽  
Network Models ◽  
Neural Network Models ◽  
Business Decisions ◽  
Term Prediction ◽  
Short And Long Term ◽  
The Baltic ◽  
Long Term Prediction ◽  
Baltic Dry Index

The Baltic Dry Index (BDI) is a commonly utilized indicator of global shipping and trade activity. It influences stakeholders’ and ship-owners’ decisions respecting investments, chartering, operational plans, and export and import activities. Accurate prediction of the BDI is very challenging due to its volatility, non-stationarity, and complexity. To help stakeholders and ship-owners make sound short- and long-term maritime business decisions and avoid market risk, we performed short- and long-term predictions of BDI using an ensemble deep-learning approach. In this study, we propose to apply recurrent neural network models for BDI prediction. The state-of-the-art of sequential deep-learning models such as RNN, LSTM, and GRU are employed to predict one- and multi-step-ahead BDI values. In order to increase the accuracy, we assemble the models. In experiments, we compared our results with those of traditional methods such as ARIMA and MLP. The results showed that our proposed method outperforms ARIMA, MLP, RNN, LSTM, and GRU in both short- and long-term prediction of BDI.

Making the Case for Global Outsourcing

2019 ◽  
pp. 611-632
Author(s):  
Alan D. Smith ◽  
Sara Joy Krivacek
Keyword(s):  
Business Practices ◽  
Cultural Changes ◽  
Term Operation ◽  
Customer Expectations ◽  
Global Outsourcing ◽  
Quality Product ◽  
The Common ◽  
Best Business Practices

Social media and empowered customers have significantly raised customer expectations of quality. Although there are similarities and differences in the approaches taken by management, they share the common goal of delivering a high-quality product and satisfying their customers. The majority of the case study concentrates on how both companies monitor quality, evaluate performance, train employees, and promote continuous improvement in order to achieve best business practices. The review of the literature on global outsourcing and analysis of the case studies provide evidence that economic development creates both short-term operation advantages through increased levels of efficiency as well as long-term social and cultural changes. Operational and strategic managers can use this information when making decisions on where to locate various aspects of their business. In some cases, it may make sense to outsource a particular task, but in other cases an organization may want to offshore particular tasks in order to keep control of the process.

Competencies for sustainability in hotels: insights from Brazil

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Anete Alberton ◽  
Ana Paula Kieling ◽  
Franciane Reinert Lyra ◽  
Estela Maria Hoffmann ◽  
Mariana Pires Vidal Lopez ◽  
...  
Keyword(s):  
Hotel Industry ◽  
Triple Bottom Line ◽  
Business Practices ◽  
Negative Externalities ◽  
Bottom Line ◽  
Environmental Practices ◽  
Content Type ◽  
Hotel Managers ◽  
Practical Implications

PurposeThis study analyzes the competencies toward sustainability in hotel facilities in order to identify the level of implementation of sustainability practices, as well as individual competencies for sustainability in the hospitality companies.Design/methodology/approachInterviews and a survey with hotel employees were conducted in two important touristic Brazilian cities, Florianopolis, and Rio de Janeiro, considering the TBL (triple bottom line) dimensions. The data were analyzed with content analysis and descriptive statistics and conjoint analysis.FindingsPreventive competencies in the companies' management were identified. The research also revealed that competencies for sustainability are fairly present in the hospitality context yet, which demonstrates the urgency to discuss the theme in both academic and business practices.Research limitations/implicationsThe access to the hotel managers impaired the performing of a robust statistical analysis; the study provided new insights about the topics investigated and generated information for the theoretical framework about competencies for sustainability.Practical implicationsThe research results emphasized the need for the hotel industry to invest in sustainable strategies to meet its target audience, but also to raise the level of its staff and reduce costs in the long term, offering benefits to society, the environment, and, to their businesses.Social implicationsThe research socially contributes through promoting discussion on sustainability, which is one of the most challenging and relevant issues for society. Besides, it can assist the diffusion of the competencies for sustainability in the hotel industry, as an attempt to decrease their negative externalities on the environment and primary audiences.Originality/valueIt was identified a distance between practice and the triple bottom line concept, which is linked only to environmental practices. Besides, it was found limited knowledge about the concepts of competencies in the companies.

scholarly journals Gait Retraining With Real-Time Visual Feedback to Treat Patellofemoral Pain in Adult Recreational Runners: A Critically Appraised Topic

2020 ◽  
Vol 29 (5) ◽  
pp. 675-679
Author(s):  
Marcie Fyock ◽  
Nelson Cortes ◽  
Alex Hulse ◽  
Joel Martin
Keyword(s):  
Real Time ◽  
Visual Feedback ◽  
Patellofemoral Pain ◽  
Bottom Line ◽  
Gait Retraining ◽  
Short And Long Term ◽  
Recreational Runners ◽  
Level 2

Clinical Scenario: Patellofemoral pain (PFP) is a common knee injury in recreational adult runners, possibly caused by faulty mechanics. One possible approach to reduce this pain is to retrain the runner’s gait. Current research suggests that no definitive gold standard treatment for PFP exists. Gait retraining utilizing visual feedback may reduce PFP in both the short and long term. Clinical Question: In adult runners diagnosed with PFP, does gait retraining with real-time visual feedback lead to a decrease in pain? Summary of Key Findings: A literature search was performed; 3 relevant studies utilizing gait retraining with visual feedback, pain level as an outcome measure, and follow-up measures of at least 1 month after the intervention were included. All the included studies reported a decrease in short- and long-term pain for participants following visual feedback gait retraining. In addition, biomechanical measures related to PFP, including peak hip adduction angle and the angle of contralateral pelvic drop, improved after the completion of the intervention. Clinical Bottom Line: There is level 2 evidence supporting the implementation of 8 sessions over 2 weeks of visual feedback gait retraining as a means of treating patients diagnosed with PFP. Based on current available evidence, clinicians should identify faulty mechanics of patients and implement a protocol of increasing real-time visual feedback over the first 4 sessions and decreasing visual feedback over the final 4 sessions. Strength of Recommendation: Level 2.

scholarly journals PRACTICES OF EDUCATIONAL ENTREPRENEURSHIP: POLITEKNIK BRUNEI AS A CASE OF INSTITUTIONAL ENTREPRENEURSHIP

2020 ◽  
Vol 2 (No.1) ◽  
pp. 15-25
Author(s):  
Bashir Ahmed Bhuiyan
Keyword(s):  
Dynamic Equilibrium ◽  
Academic Institution ◽  
Knowledge Generation ◽  
Business Practices ◽  
Institutional Entrepreneurship ◽  
Educational Entrepreneurship ◽  
Catalytic Role ◽  
Development Goals ◽  
Best Business Practices

Academic institution plays a catalytic role in changing society through knowledge generation, dissemination, and application in the knowledge-driven economy. Every academic institution must address issues like the growth of population, socio-demographic changes, shifts in macro-economic variables, and globalization for their survival in the competitive environment. Through educational entrepreneurship, an institution can seize opportunities by implementing sustainable strategies and innovations, best business practices, and competitive operations. This paper examined how Politeknik Brunei is practicing institutional entrepreneurship by providing market-responsive knowledge and skills to students, developing infrastructure, and implementing educational and administrative systems. This paper reviewed the plans, policies, rules, and sets of regulations of Politeknik Brunei by using content analysis and citation methods. A qualitative approach was employed to meet the research goals,. A multidimensional framework is suggested to ensure that entrepreneurial academic institutions have a dynamic equilibrium and fulfill stakeholders’ expectations. If Politeknik Brunei applies this framework, its competitive position could be improved by balancing multiple interests of all stakeholders to achieve long-term development goals through competitive operations.

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