Global Economy and Business Strategies During Pandemic

2021 ◽  
pp. 16-30
Author(s):  
Ravinder Rena ◽  
Ifeanyi Mbukanma
Keyword(s):  
Global Economy ◽  
Business Strategies

Prospects for BRICS industrial cooperation under recent developments in GVCS

2021 ◽  
Author(s):  
Olga Vladimirovna Ponomareva
Keyword(s):  
Global Economy ◽  
Technological Development ◽  
Business Strategies ◽  
Global Trends ◽  
Industrial Cooperation ◽  
Regulatory Policies ◽  
Brics Countries ◽  
Recent Developments ◽  
Economic Partnership ◽  
Domestic Regulation

The development of industrial cooperation creates fundamental and long-term foundations for BRICS current and future economic partnership. It was reflected in recently adopted Strategy for BRICS Economic Partnership 2025. At the same time, realization of the existing potential of industrial cooperation cannot take place without taking into account the development of new global trends. These trends and respective factors influence companies` business strategies and government regulatory policies significantly. As a result, both traditional factors and novel challenges, such as comprehensive digitalization processes in global economy and trade, technical and technological development of different industries and global value chains, the pressure of trade conflicts resulted in accumulation of protectionism in trade policies and the ongoing crisis associated with the COVID-19 pandemic should be considered thoroughly. In the case of the BRICS countries the existing incentives for the reconfiguration of GVCs and the enhancement of their resilience and reliability can be implemented in the strengthening of trade and industrial ties and the diversification of suppliers and markets through the development of cooperation with the partner countries. To realize these opportunities, it is necessary to ensure favorable regulatory basis both in traditional areas (trade and investment liberalization, convergence in domestic regulation) and in the framework of modern trends that are gaining momentum: increasing cooperation in e-commerce, trade facilitation, developing scientific, technological and innovative cooperation, addressing infrastructural issues in order to reduce transport and logistics costs and expand trade and industrial cooperation..

scholarly journals The Influence of Big Data Analytics on E-Commerce: Case Study of the U.S. and China

2021 ◽  
Vol 2021 ◽  
pp. 1-20
Author(s):  
Weiqing Zhuang
Keyword(s):  
Big Data ◽  
Global Economy ◽  
Data Analytics ◽  
Big Data Analytics ◽  
The United States ◽  
Mediating Effect ◽  
Theoretical Research ◽  
Business Strategies ◽  
Future Research ◽  
The U.S

Big data analytics (BDA) is a wide and deep application in e-commerce, which impacts positively on the global economy, especially the U.S. and China who have done well. This paper seeks to examine the relative influence of theoretical research and practical activities of BDA in e-commerce to explain the differences between the U.S. and China according to the two main literature databases, Web of Science and CNKI, respectively, and by employing other samples that present retail e-commerce sales and the number of some data companies founded in the U.S. and China each year. We further determine the reasons leading to the difference between the U.S. and China in BDA in e-commerce, which can help managers devise appropriate business strategies in e-commerce for each of them, and provide a proof of the significant relationship of theoretical research and practical activities in BDA in e-commerce. In addition, the variables related to big data companies show a moderation effect rather than mediating effect relative to the practice of theoretical research in e-commerce in the United States, but they show a moderate effect and mediating effects in China. The results of this study help clarify doubts regarding the development of China’s e-commerce. Moreover, three orientations in e-commerce using BDA and the use of quantum computing in e-commerce to solve existing e-commerce problems are explored to provide better evidence for decision-making that could be valuable in future research.

scholarly journals Impact of E-Commerce in Industry

2021 ◽  
Vol 1 (2) ◽  
pp. 59-64
Author(s):  
A Rizaldi ◽  
◽  
Z Madany ◽  
Keyword(s):  
Global Economy ◽  
Qualitative Method ◽  
Business Strategies ◽  
The Internet ◽  
Literature Study ◽  
Work Process ◽  
Sales Process ◽  
The Impact ◽  
Descriptive Qualitative

E-Commerce is a buying and selling activity, where the activities of sellers and buyers are carried out through the internet. This study aims to illustrate the impact of using E-Commerce, especially for the benefits of E-Commerce for business strategies. There are several ways to develop business both manually and computers. But in this era of the global economy, not only is the work process computerized, but the sales process also utilizes these facilities. The goal is to use e-commerce to attract more consumers because it can reach wider consumers. This research uses descriptive qualitative method and literature study based on previous research. So is it enough to make E-Commerce an industry that will experience an increase in sales results? Of course not, but the more quality E-Commerce that is created will further increase profits for the company

scholarly journals The Realms Of Knowledge Management From An Organizational Perspective

2011 ◽  
Vol 8 (11) ◽  
Author(s):  
M. Abu Zar Wajidi ◽  
Muhammad Asim
Keyword(s):  
Developing Countries ◽  
Knowledge Management ◽  
Global Economy ◽  
Developed Countries ◽  
Business Strategies ◽  
Business Organizations ◽  
Organizational Perspective ◽  
Future Strategy ◽  
Management Aspect ◽  
Developed World

The international scenario of industrial competitiveness has tremendously transformed during the last few decades. Organizations competing in the global economy are facing different challenges in order to survive and make progress. The rapid advancements in computer technology, emergence of the internet, World Wide Web, and telecommunication devices have profoundly affected the activities of business organizations. These trends have forced the organizations to reshape and redefine their economic and business strategies. This factor can be counted as the knowledge boom which, in todays developed world, is more appropriately referred to as the knowledge management. Knowledge Management is one of the burning topics nowadays, which has brought significant changes in organizations in developed countries and gave new impetus for global competition and new challenges for the organization in developing countries. This paper aims at providing a ground work for organizations in developing countries. It will help organizations provide a framework for contribution to knowledge management aspect and also enable organizations in developing countries, especially large organizations intending to globalize their operations, to analyze their position and design a future strategy accordingly.

Prescription for Change

2016 ◽  
Author(s):  
Michael Kinch
Keyword(s):  
Public Health ◽  
Twentieth Century ◽  
Research And Development ◽  
Global Economy ◽  
Business Strategies ◽  
New Models ◽  
History Of ◽  
To Come ◽  
The Way

The introduction of new medicines has dramatically improved the quantity and quality of individual and public health while contributing trillions of dollars to the global economy. In spite of these past successes--and indeed because of them--our ability to deliver new medicines may be quickly coming to an end. Moving from the beginning of the twentieth century to the present, A Prescription for Change reveals how changing business strategies combined with scientific hubris have altered the way new medicines are discovered, with dire implications for both health and the economy. To explain how we have arrived at this pivotal moment, Michael Kinch recounts the history of pharmaceutical and biotechnological advances in the twentieth century. Kinch relates stories of the individuals and organizations that built the modern infrastructure that supports the development of innovative new medicines. He shows that an accelerating cycle of acquisition and downsizing is cannibalizing that infrastructure Kinch demonstrates the dismantling of the pharmaceutical and biotechnological research and development enterprises could also provide opportunities to innovate new models that sustain and expand the introduction of newer and better breakthrough medicines in the years to come.

scholarly journals The Financial Innovative Business Strategies of Small to Medium Scale Enterprises in Developing Country and Influence for the Global Economy Performance

2020 ◽  
Vol 4 (3) ◽  
pp. 20-32
Author(s):  
Kingsley Umadia Sr. ◽  
Karina Kasztelnik
Keyword(s):  
Developing Country ◽  
Business Strategy ◽  
Global Economy ◽  
Research Study ◽  
Structured Interview ◽  
Business Strategies ◽  
Employment Level ◽  
Medium Scale ◽  
Methodological Implication ◽  
The Impact

The paper summarizes the arguments and counterarguments within the scientific discussion on the issues such the financial innovative business strategies of small to medium scale enterprises in developing country and influence for the global economy performance. The main purpose of this scientific research study problem is the impact of all business strategies of small to medium scale enterprises for the global economy performance. The methodology is the synthesis literature review then observation all current and prior existing literature and facts available for the purpose of understanding the current financial business strategy withing small to medium scale enterprises in developing country. The strategies observed could assist the theorists, regulators, and scholar-practitioners in seeking solutions that may change the narrative of SMEs having stunted growth or dying before their fifth anniversary. The findings from this study could help understand what strategies work and those that do not work for SMEs. Once SMEs begin to grow and thrive beyond five years, there will be an improvement in employment level, general production level, and economic growth, which is considered a significant positive social change. The research contributed to the advancement of scientific knowledge in that is provided a research study on the financial innovative business strategies and influence for the global economy performance. The methodological implication is grounded on the fact that three different methods were used to triangulate the data collected; semi structured interview, field notes, and document reviews. The study methodological implication includes, achieving the qualitative hermeneutic phenomenological method of data collection and study. Keywords: financial innovation, microfinance, entrepreneurship, world development.

Sustaining SME Management and Innovations in the Post-COVID Era

2021 ◽  
pp. 588-608
Author(s):  
Djukic Petar Gordana ◽  
Ilic Stojan Biljana
Keyword(s):  
Global Economy ◽  
Business Strategies ◽  
Government Responsibility ◽  
Western Balkans ◽  
Negative Effects ◽  
Access To Credit ◽  
The Social ◽  
The Subject ◽  
Descriptive Method ◽  
Financial Result

The aim of this chapter is to point the importance of the sustainable functioning of SMEs for the national and global economy and provide answers that eliminate further risks to society as a whole. The subject of the research is the sustainability of medium-sized enterprises in Serbia. The purpose of this chapter is to find out how the negative effects can be mitigated post-COVID-19 crisis on the business of SMEs and the financial result of the company using the descriptive method. It considered the most common and nationally specific types of support and measures to facilitate access to credit and provided additional guarantees through established special guarantee funds. The contribution of the chapter is to point out the social and economic components of the sustainability of SMEs, government responsibility, and the responsible business strategies for overcoming the COVID crisis in the Western Balkans and the surrounding area.

Africa in the Global Economy

2014 ◽  
pp. 43-58
Keyword(s):  
Global Economy ◽  
Business Strategies ◽  
Global Markets ◽  
Foreign Direct Investments

This chapter describes concepts and perspectives of globalization generally and explains Africa’s current and anticipated position in the global economy. The chapter further enumerates and fully explains the economic and business strategies that are necessary to increase the competitiveness of African economies in the global markets. By increasing Africa’s competitiveness, the continent will become an attractive business region for the urgently needed foreign direct investments.

scholarly journals The relationships among business strategies, organisational performance and organisational culture in the tourism industry

2013 ◽  
Vol 16 (5) ◽  
pp. 1-8 ◽  
Author(s):  
Mong-Mei Lin ◽  
Yueh-Hsin Wu
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Success Factors ◽  
Organisational Culture ◽  
Tourism Industry ◽  
Professional Service ◽  
Business Strategies ◽  
Organisational Performance ◽  
Research Subjects ◽  
Positive Correlations

As societies develop, the tourism industry has become one of the most powerful and largest industries in the global economy. The industrial status and economic function of the tourism industry have increased in the economic development of cities. The tourism industry has helped to drive the city economy, create employment, and facilitate culture and the environment The tourism industry, as one of the supporting industries for economic development in China, presents diverse services that are not only competitive within the industry, but could also increase national consumption. In addition to the professional service items and quality, the adjustment of business strategies aimed at the changeable environment are considered as key success factors in the tourism industry. This study analyzes the effect of business strategies on organisational performance in the tourism industry. Owners, managers, and employees from the top ten travel agencies in Taiwan were selected as the research subjects and a total of 600 questionnaires were distributed. Within the retrieved 438 surveys, 43 were incomplete and removed to yield a total of 395 valid questionnaires. Within the empirical analyses business strategies appear to have significant positive correlations with job satisfaction, organisational objective and job performance in organisational performance. Moreover, organisational culture presents a partially moderating effect for the relations between business strategies and organisational performance.  

Financial alchemists and financial shamans

2018 ◽  
Vol 41 ◽  
Author(s):  
Samuel G. B. Johnson
Keyword(s):  
Global Economy ◽  
Money Management

AbstractProfessional money management appears to require little skill, yet its practitioners command astronomical salaries. Singh's theory of shamanism provides one possible explanation: Financial professionals are the shamans of the global economy. They cultivate the perception of superhuman traits, maintain grueling initiation rituals, and rely on esoteric divination rituals. An anthropological view of markets can usefully supplement economic and psychological approaches.

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