A Research on Management Entropy Model and Its Application in the Process of Business Growth

2010 ◽  
Vol 33 ◽  
pp. 709-713
Author(s):  
M.L. Zhang
Keyword(s):  
Decision Making ◽  
Influencing Factors ◽  
Growth Stage ◽  
Business Management ◽  
Entropy Theory ◽  
Business Growth ◽  
Stages Of Development ◽  
Entropy Model ◽  
Business Size ◽  
Management Entropy

From creation to the bankrupt of company, it will experience a series of intermediate stages of development. Growth stage is the key one during the process of enterprise’s changing rapidly. With the characters of business growth stage, this pa rise’s changing from weak to strong. In this stage, enterprise rises quickly whose influencing factors are per brings in entropy theory. Based on size, complexity, stability of enterprise, the paper establishes a kind of model of measuring and calculating business management entropy around business size, enterprise capacity and developing speed. The model will supply theoretical direction for decision making activities of business growth stage.

Research and analysis of business management processes implemented under conditions of incomplete certainty

2020 ◽  
Author(s):  
Igor Klimenko ◽  
A. Ivlev
Keyword(s):  
Decision Making ◽  
A Priori ◽  
Business Management ◽  
Statistical Uncertainty ◽  
Management Processes ◽  
Classical Decision ◽  
Decision Making Criteria

The study carried out in this work made it possible to expand the rank scale for a priori assessment of the chosen strategy in terms of increasing the sensitivity of assessing the caution / negligence ratio using risky, as well as classical decision-making criteria under conditions of statistical uncertainty.

scholarly journals Internationalization of SMEs and Effectuation: The Way Back and Forward

Proceedings ◽  
2018 ◽  
Vol 2 (24) ◽  
pp. 1422 ◽  
Author(s):  
Hamza El Guili ◽  
Driss Ferhane
Keyword(s):  
Decision Making ◽  
Business Growth ◽  
Entrepreneurial Behavior ◽  
Entrepreneurship Research ◽  
Early Stages ◽  
Theoretical Perspectives ◽  
Theoretical Paper ◽  
Similarities And Differences ◽  
The Creation ◽  
To Come

Business growth is considered as one of the main topics of entrepreneurship research. Due to the increased interest on entrepreneurship, new theoretical perspectives have emerged to explain entrepreneurial behavior. One of these emergent theories is effectuation. It is widely known that entrepreneurs and owner-managers count on different decision-making logics during the internationalization of their ventures, including causal and effectual reasoning. Despite that the use of effectual reasoning has been generally linked to the early stages of the creation of a venture; it has recently been introduced to on the internationalization of SMEs research. Introduced by Sarasvathy (2001), effectuation logic is stated to grow in an unstable operating context where it is complicated to predict and in contrast, it is likely to unexpectedly respond to changes in the environment. Furthermore, it represents a typical shift in approaching entrepreneurship. In this theoretical paper, we first aim to highlight the evolution of the concept and the development of the effectuation theory within the literature. Furthermore, we explain the similarities and differences existing between causation and effectuation reasoning. Finally, we use the lens of effectuation to come up with an understanding of the internationalization of SMEs.

scholarly journals Factors responsible for the growth of small business

2015 ◽  
Vol 8 (1) ◽  
pp. 54-62 ◽  
Author(s):  
JA Döckel ◽  
AA Ligthelm
Keyword(s):  
Small Business ◽  
Business Management ◽  
Multiple Linear Regression Model ◽  
Growth Potential ◽  
Business Sector ◽  
Management Skills ◽  
Business Growth ◽  
Policy Initiatives ◽  
Factors Associated ◽  
Successful Business

Entrepreneurial conduct holds the key to economic growth. Thus those business that show growth and development are considered entrepreneurial, implying that SMME policy initiatives should focus on businesses with growth potential, and not the small business sector as a whole.  The success of a small business seems to depend on the intentions of the owner, together with factors associated with the ability of, and opportunity for, the specific business to grow.  The aim of this article is to make use of a multiple linear regression model to determine the variables that impact positively on business growth.  In addition to demand factors, it was established that smaller and younger businesses are the ones that grow faster. A successful business also shows a positive correlation between business management skills and entrepreneurial conduct.

scholarly journals Analysis of Influencing Factors Tourists’ Purchase Decision-making Behavior in Kunming

2018 ◽  
Vol 2 (3) ◽  
pp. 87
Author(s):  
Bin Feng ◽  
Hua Chen ◽  
Qinglei Li ◽  
Wei Li
Keyword(s):  
Decision Making ◽  
Consumer Behavior ◽  
Influencing Factors ◽  
Questionnaire Survey ◽  
Current Situation ◽  
High Price ◽  
Purchase Decision ◽  
Shopping Experience ◽  
Countermeasures And Suggestions ◽  
Decision Making Behavior

Based on the theory of consumer behavior, this paper analyzes the current situation of tourism shopping market in Kunming, and analyzes the decision-making behavior of tourists shopping in Kunming with the questionnaire survey, and clarifies the influencing factors of the decision-making behavior of visitors to Kunming. In the future, the influencing factors of Kunming tourists' shopping decision-making behavior are combined with the current situation of Kunming's tourism shopping market. The problems of cheating-induced shopping, the high price of shopping products, the low level of tourism shopping experience and the imperfect after-sales service are analyzed. Finally, the corresponding countermeasures and suggestions are proposed from four aspects: rectifying the tourism shopping market, establishing a sound price supervision mechanism, strengthening the tourism shopping experience, and improving after-sales service.

scholarly journals The Effects of Patents on the Relationship between R&D Activities and Business Management Performance: Focus on South Korean Venture Companies

2021 ◽  
Vol 7 (4) ◽  
pp. 210
Author(s):  
Seunghoo Jin ◽  
Daeyu Kim
Keyword(s):  
New Technology ◽  
Business Management ◽  
Moderating Effect ◽  
Growth Strategy ◽  
Business Growth ◽  
Management Performance ◽  
Positive Role ◽  
South Korean ◽  
Operating Profit ◽  
Innovation Activities

Today, innovation is achieved by challenging the existing paradigm through cross-field collaboration, and R&D innovation plays a particularly crucial role. This study analyzed the effects of R&D innovation activities on business management performance in South Korea and examined the role that patents play in various R&D innovation activities. Panel regression and moderating effect analyses were conducted on small- and medium-sized venture enterprises that undertook new technology projects over five years (2015–2019). The results showed that R&D innovation activities had a significantly positive effect on both revenue, an indicator of business growth, and operating profit, an indicator of profitability. This implies that such activities play a positive role in management activities. Thus, enterprises should consider R&D innovation activities from a business growth strategy perspective. Additionally, the analysis showed that a firm’s capacity to hold patents on R&D innovation activities has a positive moderating effect on business management performance. This study is significant, as it reveals the cause-and-effect relationship between R&D innovation actives and business management performance as well as the role of various types of innovation. The results could help enterprises to seamlessly implement innovation activities in the future.

Mechanical Handling Engineers—A Case for Engineering Management with Style

1988 ◽  
Vol 202 (3) ◽  
pp. 171-175
Author(s):  
T W Batley
Keyword(s):  
Mechanical Engineer ◽  
Decision Making ◽  
New Zealand ◽  
Future Development ◽  
Business Management ◽  
Profit Sharing ◽  
Engineering Management ◽  
Engineering Company ◽  
Mechanical Handling

This case study concerns a mechanical engineer who has strong views on business management. He purchased a small engineering company in Dunedin, New Zealand, and put into practice his managerial philosophies of worker participation in decision-making and profit-sharing. The paper reviews the progress of the company during its first three years and then discusses the options for its future development.

Mineral Water Quality Influencing Factors in their Selection for Use

2021 ◽  
Vol 42 ◽  
pp. 203-208
Author(s):  
Mihai Demian ◽  
Gabriela Demian
Keyword(s):  
Water Quality ◽  
Decision Making ◽  
Influencing Factors ◽  
Therapeutic Effect ◽  
Mineral Water ◽  
Mineral Waters ◽  
Selection For ◽  
Physical And Chemical ◽  
Selection Of

The paper presents a way of selecting flat or carbonated mineral waters depending on the purpose for which it wishes to be used. A good mineral water must meet certain physical and chemical qualities at certain temperatures and have the appropriate pH to have the desired therapeutic effect. The analysis of the purpose for which the selection of mineral waters is desired results in the characteristics of the water to be analyzed, compared, and for which a weight of their influence in the decision-making is established. For selected waters, the characteristics receive scores that will in turn influence the selection of the recommended type of mineral water. The conclusions of the paper allow the establishment of a certain type of mineral water for the characteristics imposed by the desired purpose.

Information Systems for the Management of the Organizations

2018 ◽  
pp. 96-116
Author(s):  
José Rascão
Keyword(s):  
Decision Making ◽  
Information Systems ◽  
Information Management ◽  
Global Economy ◽  
Business Management ◽  
Key Concepts ◽  
Relationship Of ◽  
The Relationship ◽  
Role Of Information

This chapter investigates the key concepts of information systems, as well as the role of information in the information management activities, in terms of supporting decision making by different organizations' managers in the literature of information sciences and business sciences. The information has become, in the global economy, a source of value for organizations, assuming a key role in contributing to the development of the performance of the same. The relationship of information management with business management helps the process of decision making.

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