scholarly journals Cost - Driving Strategy Under the Use of E-Business to Achieve a Competitive Advantage in a Digital Economy Environment

2019 ◽  
Vol 12 (1) ◽  
pp. 70
Author(s):  
Reem Oqab Hussein Al-Khasawneh
Keyword(s):  
Competitive Advantage ◽  
Value Chain ◽  
Product Life Cycle ◽  
Management Strategies ◽  
Business Environment ◽  
Digital Economy ◽  
Economic Unit ◽  
Cost System ◽  
Modern Business ◽  
Product Costs

The study has aimed at identifying the developments the modern business environment, i.e e-business, witnessed; it also identify to which extent accounting information systems contribute to the achievement of competitive advantage of economic advantage through cost leadership strategy, which represents one of  strategies of achieving competitive advantage. This strategy is significant and links to accounting work in digital economy environment and shifting toward e-application in business environment.  The study has illustrated a set of fields which can be used in e-business environment in order to reduce the costs of economic units’ products in digital economy environment; industrial, marketing, administrative and finance cost may be reduced.  In addition, the study has explained a set of accounting methods contributing to the achievement of cost strategy’s goals and competitive advantage of economic unit. The most important methods are as follows: activity-based cost system (ABC), value chain (VC), product life cycle (PLC), just on time product cost system (JIT) and target cost (TC). Research study has found that working in e-business environment have various advantages which can contribute to the reduction of product costs. It has also concluded that IT environment required by e-business can be used, thereby shifting towards e-accounting. Accordingly, designing a central database containing the data of applying cost management strategies is a necessity; this database also provides positive relationships among all accounting methods, thereby achieving the general goal, i.e the achievement of competitive advantage of economic unit through the reduction of product costs; product prices can be reduced at the markets.

Setting a CKM Strategy

2011 ◽  
pp. 1-30
Author(s):  
Minwir Al-Shammari
Keyword(s):  
Information And Communication Technologies ◽  
Value Chain ◽  
Core Competencies ◽  
Management Strategies ◽  
Business Environment ◽  
Sustainable Competitive Advantage ◽  
Knowledge Based ◽  
Critical Issues ◽  
Information And Communication ◽  
Business Competitiveness

In today’s dynamic business environment, change is omnipresent. Organizations have to develop sound change management strategies in order to counter the same. Transition to knowledge-based economies made establishment of effective knowledge management (KM) mechanisms within companies crucial to achieve business competitiveness. This chapter addresses background concepts, critical issues, and future trends related to the blueprinting of CKM as a knowledge-based strategy for anticipating and meeting customers’ needs profitably. Crafting CKM requires a set of activities, i.e. plan, design, build, and implement, which seek to create or leverage the firm’s distinctive core competencies (DCCs) in order to attain a sustainable competitive advantage (SCA). This chapter advocates the premise that successful businesses are those that have both vision and commitment to make that vision a reality. The vision might be customer-oriented, e.g. the strategy is CKM, the processes include CKM value chain primary activities (capture data from customers, create profiles of customers, compose knowledge about customers, maximize value for customers, measure return on relationships with customers, and master the learning throughout CKM change), and CKM value chain support activities: reorganizing people, reconfiguring processes, and retooling Information and Communication Technologies (ICTs).

scholarly journals The Role of Green Quality Management and Product Life Cycle Costing in Achieving Competitive Advantage

2021 ◽  
Vol 11 (4) ◽  
Author(s):  
Durgham Ahmed Abdul Ridha ◽  
Prof Dr Manal Jabbar Soror
Keyword(s):  
Life Cycle ◽  
Quality Management ◽  
Competitive Advantage ◽  
Product Life Cycle ◽  
Life Cycle Costing ◽  
Product Life ◽  
Leadership Strategy ◽  
Environmental Criteria ◽  
Product Costs ◽  
Cost Leadership Strategy

The principal objective of this study is to demonstrate how green quality management and product life cycle costing may help an organization gain a competitive advantage. Green quality management's influence on increasing product quality and meeting environmental criteria, as well as tracking the activities of product life cycle before, during, and after production, is demonstrated. Orienting these activities toward the production of eco-friendly products that fulfill the needs of customers, hence increasing organization's market share. We found from our study that proposed framework can help organizations improve their competitiveness. Green quality management contributes to environmental protection and the provision of high-quality products that fulfill needs and desires of green customer, enhancing product differentiation. Product life cycle costing is to determine costs of environmental activities and seek to minimize those costs, which translates to lower product costs, allowing organization to adopt a cost leadership strategy and gain a competitive advantage.

scholarly journals ANALYSIS OF FACTORS OF DISRUPTIONS/INTERRUPTIONS IN UPSTREAM SUPPLY CHAIN AND THEIR INFLUENCE ON VULNERABILITY

TEME ◽  
2017 ◽  
pp. 489
Author(s):  
Aleksandra Anđelković ◽  
Nada Barac ◽  
Marija Radosavljević
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Competitive Advantage ◽  
Management Strategy ◽  
Business Environment ◽  
Enterprise Management ◽  
Risk Management Strategy ◽  
Chain Management ◽  
Organizational Network ◽  
Modern Business

In the modern business environment risk management has become a key assistant to enterprise management. Considering that, supply chain management, as part of enterprise management, cannot ignore the risks and the need for implementation of an adequate risk management strategy. Supply chain, as well as inter-organizational network, is the source of competitive advantage. However, inadequate risk management within a supply chain can lead to interruptions of the chain and to the lack of results at the level of the whole supply chain, as well as at the level of individual partners. Upstream supply chain represents the part of supply chain from suppliers to producer. The objective of this paper is to analyse how and to what extent the structure and the number of partners in this part of the supply chain influence (increase or decrease) supply chain vulnerability. The authors analyse the factors which most commonly affect to upstream supply chain and threaten its functioning. By analysing the supply chains from different area, the authors suggest that the size of the supplier's base can be treated as the resistance factor, but also as a factor of vulnerability.

scholarly journals Classification of strategies for socio-economic development of united territorial communities

2020 ◽  
Vol 7 (3) ◽  
pp. 27-35
Author(s):  
Nadiya Pylypiv ◽  
Iryna Piatnychuk ◽  
Sviatoslav Sologub
Keyword(s):  
Economic Development ◽  
Management Strategies ◽  
Business Environment ◽  
Economic Sectors ◽  
Information Strategies ◽  
Socio Economic Development ◽  
Modern Business ◽  
Strategic Goals ◽  
Integration Strategies

The article deals with the classification of strategies for socio-economic development of united territorial communities in a dynamic business environment. The purpose of the article is to build a classification of strategies for socio-economic development of the united territorial communities to increase the effectiveness of their development and implementation in practice. Based on the conducted research, the author's vision of defining the essence of 'socio-economic development of united territorial communities' was formed. It will contribute to a clearer understanding of this category. We defined the characteristics that determine the socio-economic development of the united territorial community. We evaluated the dynamics of the process of creating territorial communities in Ukraine and identified opportunities for creating new communities. To build a strategy for the socio-economic development of united territorial communities that would meet the requirements of the modern business environment, as well as satisfy the expectations that are set for it, we systemized various types of strategies into classification groups. Among them: development strategies, strategies of management and utilization of united territorial communities resources, gender-oriented strategies, strategies to counter, strategies of the development of the economic sectors, strategies of the development of UTC areas, digitalization strategies, communication and information strategies,  management strategies, European integration strategies. The developed classification of strategies will contribute to a more accurate formation of strategic goals and actions, and contribute to the effective implementation and realization of the developed strategy of united territorial communities. The obtained results of the study serve as the basis for subsequent research in terms of ensuring the socio-economic development of united territorial communities.

scholarly journals Identifying the Factors for Achieving Sustainability for Indian Car Market

2020 ◽  
Vol 8 (5) ◽  
pp. 4733-4739
Keyword(s):  
Supply Chain ◽  
Business Model ◽  
Value Chain ◽  
Consumer Satisfaction ◽  
Product Life Cycle ◽  
Business Environment ◽  
Satisfaction Level ◽  
Role Of Government ◽  
Car Market ◽  
Innovative Environment

In today’s competitive business scenario, the Pivot in supply chain is Consumer satisfaction. This could be considered as the most important internal goal to achieve in order to be active and leader in the business environment. Along with this when value chain partner are focusing on customer satisfaction external factor like the environmental issue are also important to make the business model a sustainable. All these issues forces the manufacturer and rest value chain partner to become Agile in nature. The consumer is also part of this continuously changing innovative environment, which is mainly meant for them only and to a large extent for sustainability. These volatile and continuously changing environment may also effects consumer satisfaction level in some or other aspects while using the product and at the time of use end. The agility in Supply Chain may leads to a shorter product life cycle and forces the consumer to cope with the secondary car market within few years of purchase. Also the role of government and dealer outlets regarding environmental effects like NGT legislatives and support of dealers for creating awareness among consumer regarding pollution control is also one of the key factors. This study focus on these factors that have impact on the satisfaction level of end-user .An effort is made to check the perceived effect of these factors on consumer, at the same time study suggest how these factors can be modulated to lower extent with the aid of eco-leasing business model in context of Indian car market.

scholarly journals CRM and customer data: Challenges of conducting business in digital economy

2021 ◽  
Vol 11 (2) ◽  
pp. 85-95
Author(s):  
Mihalj Bakator ◽  
Dejan Đorđević ◽  
Dragan Ćoćkalo ◽  
Milenko Ćeha ◽  
Srđan Bogetić
Keyword(s):  
Competitive Ability ◽  
Data Integrity ◽  
Business Environment ◽  
Digital Economy ◽  
Business Practice ◽  
Customer Data ◽  
Secure Data ◽  
Modern Business

Enterprises are facing difficulties in achieving and maintaining competitive ability amidst globalized markets. In the modern business environment, an effective CRM is an imperative for retaining customers. As CRM systems rely on customer data, it is important to secure data integrity. This paper thoroughly analyses the challenges of enterprises, CRM and customer data. The main goal of this paper is to provide an overview of existing literature and business practice in the domain of CRM. In addition, a model for improvement of CRM is developed. The model is based on the results of conducted review, and as such, it presents an approach towards enhancing CRM systems while taking into consideration the integrity of customer data.

scholarly journals The Role and Significance of Corporate Culture in the Activities of Domestic Enterprises

2020 ◽  
Vol 24 (1) ◽  
pp. 113-118
Author(s):  
A. Melnyk ◽  
◽  
N. Davydenko ◽  
Keyword(s):  
Competitive Advantage ◽  
Personnel Management ◽  
Corporate Culture ◽  
Social Values ◽  
Business Environment ◽  
Basic Principles ◽  
Modern Business ◽  
Business Conditions ◽  
Labor Resources

Annotation. Introduction. Corporate culture plays an important role in business environment. As the activities of the staff, their attitude towards each other influences the activity of the enterprise, managers should pay attention and introduce a corporate culture in order to increase company’s efficiency. The phrase “corporate culture” firstly was used in the nineteenth century in military terminology by a German field marshal Moltke for relevant relationships in the official environment. There are many definitions of the concept of “corporate culture”, but there is a certain difference in the interpretation of the concept with the change of years and the depth of its research. Purpose. Modern business conditions require the introduction of corporate culture, so the leaders of domestic enterprises are increasingly seeking to apply foreign experience without exploring the differences between the Ukrainian market and foreign. Therefore, the purpose of the research is to study the role of corporate culture in domestic enterprises, as well as to identify the features of the formation of corporate culture in Ukrainian enterprises. Results. As a result of the research, we were found that corporate culture as a tool of personnel management is used in only 55% of domestic enterprises. In our opinion, it is necessary to promote the introduction of corporate culture in domestic enterprises, taking into account the national mentality and social values, and for this it is necessary to develop clear tools of corporate culture, basic principles and principles, and algorithms for their implementation in enterprises. These issues need detailed consideration and will be considered by us in further research. Conclusions. Summing up everything we can say that corporate culture is not only an instrument for managing the workforce of an organization. It forms an enterprise from the inside, influencing its image and profits. The presence of corporate culture in enterprises is a competitive advantage among others in the industry. Keywords: corporate culture; competitive advantage; personnel management; labor resources; enterprise efficiency.

scholarly journals Value Chain Cost Tracing And Cost System Obsolescence: An Exploratory Study Of Small To Medium-Sized Companies

2011 ◽  
Vol 15 (4) ◽  
pp. 95
Author(s):  
Nen-Chen Richard Hwang
Keyword(s):  
Value Chain ◽  
Business Environment ◽  
Future Research ◽  
Value Chain Analysis ◽  
Product Lines ◽  
Management Tools ◽  
Cost System ◽  
Cost Allocations ◽  
Optimal Mix ◽  
Cost Object

<span>To succeed in todays competitive business environment, corporations need to undertake value chain analysis and select an optimal mix of value chain activities. Based on the data collected from 73 small- to medium-sized companies, this study provides evidence regarding current practices in value chain cost tracing and cost system obsolescence. The research findings indicate that companies do a better job of linking value chain costs to products/product lines than to customers/customer classes. Overall, however, the proportion of each value chain cost attributed to either cost object tends to be low. This indicates that firms management may be rather slow in adopting new management tools. Furthermore, most companies are still using value-based cost allocations, which suggests cost system obsolescence. Implications of this study and future research directions are also discussed.</span>

scholarly journals Enterprise Efficiency Sources in the Contemporary Business Environment

2018 ◽  
Vol 56 (3) ◽  
pp. 321-334
Author(s):  
Violeta Domanović ◽  
Vesna Janjić
Keyword(s):  
Competitive Advantage ◽  
Cost Management ◽  
Important Determinant ◽  
Integrated Approach ◽  
Business Environment ◽  
Business Success ◽  
Enterprise Restructuring ◽  
Business Operations ◽  
Long Run ◽  
Modern Business

Abstract The issue of improving the efficiency of business operations is of particular importance in the conditions of modern business environment. For managers, the big challenge is how to achieve and to maintain, not to mention how to improve efficiency in a highly heterogeneous, complex, uncertain and unpredictable business environment. Significant sources of enterprise efficiency in a modern business environment are enterprise restructuring, business activities, as well an integrated approach to cost management, which is becoming an increasingly important determinant of business success and a source of competitive advantage. The paper provides an overview of theoretical and empirical research of the effects of certain sources on the performance of the enterprise. The conclusion is that only the complementary exploitation of all sources contributes to improving the efficiency of the enterprise in the long run.

scholarly journals Some Aspects of the Quality of Corporate Governance in Digital Economy

2019 ◽  
Vol 62 ◽  
pp. 04002 ◽  
Author(s):  
A.A. Polidi ◽  
Z.O. Goukasyan ◽  
I.A. Maslova ◽  
R.V. Fedorenko
Keyword(s):  
Corporate Governance ◽  
Business Environment ◽  
Digital Economy ◽  
Governance System ◽  
Economic Interests ◽  
Factors Affecting ◽  
Corporate Governance System ◽  
Modern Business ◽  
Traditional Economy

The relevance of this article is due to technological changes that are constantly introducing new characteristics, both in the global economic system and in the economy of individual fields of activity. The newest digital economy is significantly different from the traditional economy. A modern business environment requires constant adaptation of an entrepreneur to dynamically changing conditions at a strategic and tactical level. The purpose of the article is to study aspects of the quality of corporate governance, taking into account the challenges of the digital economy. The objectives of the study are: to identify the key elements of corporate governance and environmental factors affecting them; to determine the conditions and factors of the formation of economic interests in the corporate governance system for the purpose of improving the quality of corporate governance in the digital economy.

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