scholarly journals Influence of strategic orientation to the relation between innovation portfolio management and success

2021 ◽  
Vol 7 (1) ◽  
pp. 165-194
Author(s):  
Aleksandar Miletić ◽  
Slaviša Trajković ◽  
Gordana Mrdak
Keyword(s):  
Competitive Advantage ◽  
Portfolio Management ◽  
Business Processes ◽  
Strategic Orientation ◽  
Business Success ◽  
Knowledge Based Economy ◽  
Business Efficiency ◽  
Innovation Project ◽  
The Republic ◽  
The Impact

Modern businesses emphasize the significance of intellectual property and knowledge as key factors that contribute to achieving competitive advantage. This requires new approaches in management and there is more talk about knowledge management as a process that will raise business efficiency. In a knowledge-based economy, many companies create, acquire and maintain a competitive advantage in a turbulent market with the help of innovation. Innovation Project Portfolio Management is a powerful tool for achieving innovation strategy and it is extremely important that existing knowledge is used in companies and new ones are created based on them. The paper tests the findings of a reference survey conducted in Germany in 2016, which analyzes the impact of strategic orientation on the relationship between innovation portfolio management and business success. The obtained knowledge from the reference research was tested through a questionnaire answered by companies from the Republic of Serbia in order to see their application in business processes and business success.

The impact of the Greek economic recession on workplace learning

2019 ◽  
Vol 31 (5) ◽  
pp. 345-358
Author(s):  
Stavros Papakonstantinidis
Keyword(s):  
Competitive Advantage ◽  
Informal Learning ◽  
Learning Strategies ◽  
Workplace Learning ◽  
Economic Recession ◽  
Economic Recovery ◽  
Business Success ◽  
Structured Interviews ◽  
Content Type ◽  
The Impact

Purpose The paper aims to examine the impact of the Greek economic recession on workplace learning. Specifically, it surveys the views of Greek business professionals regarding whether workplace learning could be used as a competitive advantage in achieving business success. Design/methodology/approach The paper follows a qualitative research method and discusses the findings of semi-structured interviews with professionals in various industries in Greece. Findings This study provides evidence of an overall reluctance to adopt formal learning strategies. Although hiring and retaining the best talent at work is seen as a competitive advantage, Greek professionals do not attribute success to formal workplace learning. Instead, digitalization of informal learning becomes essential for acquiring new knowledge. Social implications In the first few years of Greece’s economic recovery, companies aim to keep their budgets low in anything that seems luxurious and ultimately unnecessary. The paper discusses some implications of the implementation of digitalized informal learning in business. Originality/value This study is the first to explore how Greek professionals from various business sectors and managerial levels view workplace learning during the initial years of the country’s economic recovery.

Service-Dominant Logic and Supply Network Management

2013 ◽  
pp. 376-389
Author(s):  
Mawuko Dza ◽  
Ron Fisher ◽  
Rod Gapp
Keyword(s):  
Network Management ◽  
Business Performance ◽  
Business Processes ◽  
Cost Minimization ◽  
Business Practices ◽  
Supply Network ◽  
Business Efficiency ◽  
Modern Business ◽  
Resource Deployment ◽  
The Impact

This chapter examines the concepts of service-dominant (S-D) logic and supply network management in business processes. The chapter is based on a conceptual analysis of the significance of the two concepts in improving business efficiency and maximizing returns on stakeholders’ investments. S-D logic has been tagged by proponents as a credible concept that when applied appropriately to business endeavours could revolutionalize modern business practices. Similar to S-D logic is the concept of supply network management, which seeks an integration of resources by a network of partners and various actors of a business relationship in order to attain cost minimization, whilst maximizing resource deployment. In supply network management, the focus is on shared access to resources among members of a network acknowledging that firms possess varied and sometimes unique resources that others need to tap. In the process of networking, organizations therefore learn from each other and benefit from new knowledge developed by other organizations (Christopher, 2009). The chapter, therefore, assesses the impact of the application of S-D logic and supply network management on business performance.

scholarly journals A Neglected Factor Explaining Family Business Success: Human Resource Practices

1994 ◽  
Vol 7 (3) ◽  
pp. 251-262 ◽  
Author(s):  
Joseph H. Astrachan ◽  
Thomas A. Kolenko
Keyword(s):  
Competitive Advantage ◽  
Human Resource ◽  
Family Business ◽  
Boards Of Directors ◽  
Family Firms ◽  
Business Success ◽  
Hrm Practices ◽  
Governance Practices ◽  
Positive Correlations ◽  
The Impact

Over 600 family firms were involved in this examination of the impact of human resource management (HRM) and professional governance practices on family business success and survival. Our findings identified some of the most prevalent family firm HRM practices and found significant positive correlations among HRM practices, gross firm revenues, and CEO personal income levels. The results support prior arguments for competitive advantage in the marketplace gained through effective use of HRM practices. An interesting additional finding was that while boards of directors, strategic planning, and frequent family meetings were correlated with business longevity over multiple generations, succession planning was not. Such practices are important. for current competitive advantage and may also be crucial to the longevity of the business.

scholarly journals The Impact of Supply Chain Dynamic to Competitiveness and Business Efficiency in Vietnamese Enterprises

2018 ◽  
Vol 10 (11) ◽  
pp. 103
Author(s):  
Dang Quy Duong ◽  
Le Trung Thanh
Keyword(s):  
Supply Chain ◽  
Competitive Advantage ◽  
Positive Impact ◽  
Descriptive Statistics ◽  
Reliability Test ◽  
Analysis Techniques ◽  
Business Efficiency ◽  
Chain Dynamic ◽  
And Performance ◽  
The Impact

This research aims to assess the impact of supply chain capacity as well as supply chain capacity dynamics on competitiveness and business efficiency of manufactory enterprises in Vietnam. The Research has used multivariate analysis techniques (descriptive statistics, reliability test, factor analysis, regression analysis). Research results from 205 firms have indicated that supply chain capacity does not affect the competitive advantage of enterprises but positively affects business efficiency. Meanwhile, supply chain dynamic has a positive impact on competitive advantage and performance. From this study, the author also made some suggestions to improve the competitiveness and business efficiency.

scholarly journals The impact of corporate social responsibility performance on competitive advantage and business success. A case of Vietnamese enterprises

2021 ◽  
Vol 12 (3) ◽  
pp. 0-0
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Competitive Advantage ◽  
Structural Equation ◽  
Partial Least Square ◽  
Least Square ◽  
Equation Modeling ◽  
Business Success ◽  
Corporate Social ◽  
The Impact

This study investigates how types of corporate social responsibility (CSR) practices (economic, legal, ethical, philanthropic, and environmental) affect competitive advantage and business success in an emerging country. Data were collected by surveying 869 respondents from manufacturing, real estate, trade, and service sectors. The data analysis applied partial least square structural equation modeling. The results showed that ethical, legal, and philanthropic CSR initiatives have a positive effect on competitive advantage. Economic CSR practice is the only factor that affected both competitive advantage and business success. The competitive advantage also directly affected business success. Environmental CSR practice did not show a significant relationship with competitive advantage or business success. The findings of this study may be beneficial in informing managers’ decisions on CSR investment to gain competitive advantage, and in turn, business success in a developing context.

scholarly journals THE ESSENCE OF A PROJECT-ORIENTED ENTERPRISE IN THE CONDITIONS OF INDUSTRY 4.0

2021 ◽  
Author(s):  
Inna Chaikovska ◽  
◽  
Keyword(s):  
Competitive Advantage ◽  
Industry 4.0 ◽  
Business Processes ◽  
Competitive Advantages ◽  
Important Place ◽  
Continuous Generation ◽  
Operational Activities ◽  
Use Of Knowledge ◽  
The Impact ◽  
Single Approach

Industry 4.0 radically changes the approaches to the functioning of modern enterprises, business processes, components of competitive advantages of enterprises. There is an urgent need for continuous generation and use of knowledge and application of information technology in the innovative activities of the enterprise, which is implemented in the form of projects. Therefore, it is advisable to study the essential content of the category "project-oriented enterprise" and its transformation into "project-oriented enterprise 4.0" in Industry 4.0. Today, more and more Ukrainian enterprises are engaged in projects that allow them to implement innovative developments. Project activities occupy an important place along with their operational activities. Enterprises are aware of the need to implement project management and are in the process of their transformation into project-oriented enterprises. However, there is no single approach to defining the concept of "project-oriented enterprise", especially taking into account the peculiarities of their operation in Ukraine. The article is devoted to the study of the essential content of the category "project-oriented enterprise" and its transformation into the category "project-oriented enterprise 4.0" in Industry 4.0. The main features of the operation of project-oriented enterprises and the impact on them Industry 4.0 are identified. One of the main features of a project-oriented enterprise is the more intensive use of knowledge as a source of competitive advantage. It is determined that the approaches to the essence of the project-oriented enterprise have undergone significant changes with the advent of the concept of Industry 4.0. It is established that "project-oriented enterprise 4.0" is an enterprise which, in addition to its operational activities, is actively engaged in project activities, which undergoes various stages of transformation into project-oriented, its organizational structure has matrix elements and one of the main features is knowledge management system, which includes technological and social aspects, the purpose of which is the formation of "artificial" intellectual capital as a source of competitive advantage.

scholarly journals Assessment of the Readiness of Industrial Enterprises for Automation and Digitalization of Business Processes

Electronics ◽  
2021 ◽  
Vol 10 (21) ◽  
pp. 2722
Author(s):  
Irina Krakovskaya ◽  
Julia Korokoshko
Keyword(s):  
Information And Communication Technologies ◽  
Business Models ◽  
Business Processes ◽  
Digital Transformation ◽  
Negative Effects ◽  
Industrial Enterprises ◽  
Degree Of Satisfaction ◽  
Industry Automation ◽  
The Republic ◽  
The Impact

The purpose of this article is to identify the promising areas of digitalization in the work of industrial enterprises at the national and regional level. The study was conducted on the basis of industrial enterprises of the Republic of Mordovia using the methods of a systematic approach, comparative and strategic analysis, mathematical statistics, etc. As a result, we assessed the impact of the digital transformation of the economy on the development of industrial enterprises in Russia and the Republic of Mordovia, changes in the efficiency of enterprises associated with the expansion of the use IT, the degree of satisfaction of enterprises with the use of specific tools of information and communication technologies, etc. Spearman’s rank linear correlation demonstrates positive and negative effects of ICT using the industrial enterprises. The novelty and practical value of the obtained results consists in the fact that confirmed research hypotheses reflect both specific regional factors and systemic nationwide problems of digitalization of the Russian industry, automation of business process, allow us to outline the priority areas of digital transformation of business models not only of the studied enterprises industry of the region, but also the non-resource sector of the industry in general.

Benefits of the Transics Fleet Management System

2017 ◽  
pp. 287-302
Author(s):  
Petre Iltchev ◽  
Anna Palczewska ◽  
Klaudia Pilichowska ◽  
Remigiusz Kozlowski ◽  
Michał Marczak
Keyword(s):  
Competitive Advantage ◽  
Management System ◽  
Business Processes ◽  
Fleet Management ◽  
Successful Implementation ◽  
Basic Principles ◽  
Management Software ◽  
The Impact

This chapter defines a fleet management system (FMS), describes the functionalities, architecture, and modules of Transics FMS. The next topic is the role of a fleet management system in a transport company and areas of improvement of business processes. This is based on the presentation of selected Polish transport companies using Transics software. The chapter gives a comparison of the functionalities of the Transics solution with other similar commercially available FMS, like European freight exchange platform Trans.Eu. The paper presented the prerequisites for a successful implementation of fleet management software – the basic principles and conclusion from the experience of Polish companies. The chapter showed the impact of the Transics solution on the effectiveness and competitive advantage gained by transport firms, as well as the benefits offered to those firms and their customers.

scholarly journals The Impact of Radical and Incremental Innovation on Business the Success of Small Composite Shipbuilding in Croatia

2020 ◽  
Author(s):  
Josip Zanze
Keyword(s):  
Economic Crisis ◽  
Transition Period ◽  
Recovery Process ◽  
Incremental Innovation ◽  
Business Success ◽  
Shipbuilding Industry ◽  
New Models ◽  
The Republic ◽  
The Impact

The aim of this paper was to determine how radical and incremental innovations affect the business success of composite small shipbuilding in the Republic of Croatia. Composite small shipbuilding, with its innovation in the transition period immediately after the Patriotic War, experienced its pronounced boom, both through the number of new organizations and through the number of new models on the market. The boom of the composite small shipbuilding industry was marred by the economic crisis of 2008/9. by the loss of approximately 70% of the organizations active then. At the same time, the recovery process was underway with the announcement of new organizations, so today it can be said that next year will be the year of the resurgence of the composite small shipbuilding industry in Croatia.

scholarly journals AUTOMATION OF BUSINESS PROCESSES AS A MECHANISM TO INCREASE THE EFFICIENCY OF A HOTEL ENTERPRISE

2021 ◽  
Author(s):  
Natalia Tereshchuk ◽  
Lyudmyla Tranchenko
Keyword(s):  
Information Technology ◽  
Competitive Advantage ◽  
Information Technologies ◽  
Business Processes ◽  
Software Products ◽  
Automation Systems ◽  
Marketing Tool ◽  
The Individual ◽  
High Level ◽  
The Impact

The peculiarities of regulation of hotel business with the help of information technologies are covered in the work. The urgency of the problem is confirmed by the fact that the existing methods of assessing the use of automated management systems of hotel enterprises and the specifics of individual software products increase the competitiveness of modern hotel enterprises. The main purpose of this study is to identify trends and concepts of hotel services, characterized by a high level of competition, a variety of services provided and increasing the level of service. The implementation of this task involves the analysis and forecasting of the development of the automation process taking into account the socio-economic situation of the countries. Today, hotel companies against the background of a fierce struggle for each guest are forced to improve actively, using a variety of internal organizational and technological innovations as the most effective mechanisms to increase competitiveness. The article examines the impact of information technology on hotel management, as it is directly related to improving the efficiency of both the individual manager and the hotel, as well as the impact on competitiveness in today's market. The article analyzes the use of computer networks, the Internet and Internet technologies, software products for end-to-end automation of all business processes of the hotel, which today are not just a matter of leadership and competitive advantage, but also survival in the market. Today, a significant number of Ukrainian hotel businesses are actively implementing automation systems that fully meet modern requirements. The main advantage of using ACS is the integration with such global booking systems as Amadeus, Galileo, Saber and Worldspan. The competitive advantage of enterprises in the hospitality industry largely depends on the active use of innovations in information technology, which in turn is a strong marketing tool that allows you to manage consumer loyalty to the guest.

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