The Relationship Between Business Environment and Single Champion Enterprise Entrepreneurship

What kind of business environment can produce high single champion enterprise entrepreneurship is a new issue for discussion in research on entrepreneurship. Based on institutional configuration theory and the fcQCA method, the present paper analyses the relationship between the business environment and single champion enterprise entrepreneurship from the perspective of configuration. This paper studies the role of the business environment in 80 case cities all over the country in promoting high single champion enterprise entrepreneurship and discusses three business environment configurations concerning high single champion enterprise entrepreneurship and two configurations concerning non-high single champion enterprise entrepreneurship. Three typical business environment element configurations can promote high single champion enterprise entrepreneurship, namely, the market innovation type dominated by multiple resources, the financial service–driven type assisted by resources, and the market-driven type led by financial services, which reflects the significance of financial services and the market environment.

MINIPLIER AND ACCUMULATING USELESSNESS AS NEW REALITY OF TOURISM ECONOMY UNDER PANDEMIC

Stemming from the statistical data on tourism trends during 2018-2020 and author’s own methodology of calculating the efficient tourist multiplier, to determine regularities and factors behind the reaction of the leading world economies to the critical fall in tourist services production under the coronavirus pandemic conditions. The research study is based on the statistical analysis of tourists’ spending impacts on the dynamics of nominal GDP in 48 countries of the world and also on the author’s own approach to determining the efficient tourist multiplier (miniplier in this case) as well as on the hypothesis about the accumulating uselessness of tourist services production. We have detected regularities in the dynamics of tourist multiplier as well as in restructuring of tourist services production in the leading economies of the world under the conditions when the tourist market environment was critically worsening. In the research the trends of tourist multiplier for 2018-2020 were determined and also recommendations on modernization of the state regulation system as well as on corporate strategizing were offered, taking into account the author’s methodology of measuring the tourism efficiency multiplier (miniplier) and accumulating uselessness of tourist services production under crisis.

Business model as an innovation

Business model is the way in which an organization develops relationships with their market environment and converts products into cashflow. The chapter focuses on business model as a type of economic innovation. This chapter provides a case study on CD Projekt Red company, the publisher of the Witcher games series. The case of the game covers three types of innovations, i.e., business model, product performance and customer engagement, and is an example of multidimensional innovation process. The case is related to both innovation types: business models and customer experience ones. The aim of this chapter is to diagnose business model innovations on the basis of The Witcher 3: Wild Hunt game created by CD Projekt Red.

Prototype mobile contactless transaction system in traditional markets to support the covid-19 physical distancing program

One way to prevent and reduce the spread of the covid-19 pandemic is through physical distancing program. This research aims to develop a prototype contactless transaction system using digital payment mechanisms and QR code technology that will be applied in traditional markets. The method used in the development of electronic market systems is a prototype approach. The application of QR code and digital payments are used as a solution to minimize money exchange contacts that are common in traditional markets. The results showed that the system built was able to accelerate and facilitate the buying and selling transaction process in traditional market environment. Alpha testing shows that all functional systems are running well. Meanwhile, beta testing shows that the user can very well accept the system that was built. The results of the study also show acceptance of the usefulness of the system being built, as well as the optimism of its users to be able to take advantage of this system both technologically and functionally, so its can be a part of the digital transformation of the traditional market to the electronic market and has become one of the solutions in reducing the spread of the current covid-19 pandemic.

Market adaptation of agricultural enterprises

Problems of adaptation agricultural enterprises to the market environment are analyzed. Adaptation in agriculture is complicated by the long production period and volatility of product prices. Due to the improper formation of infrastructure, the agricultural market does not perform the function of price stabilization. Constant re-profiling of the enterprise is required. This does not contribute to stable functioning. There are not price forecasting services in Ukraine. Financial resources and staffing of even relatively large enterprises are insufficient for such forecasting. In such conditions, especially large-sized enterprises are developing as a priority. Their activities are focused on foreign markets, where prices are more stable. This strengthens the export potential of Ukraine's agriculture and exacerbates rural unemployment and social problems in rural areas. In addition, it is difficult for large enterprises to adapt to market environment. Compared to small enterprises, their re-profiling requires longer time and greater financial resources. In highly competitive markets, the differentiation of consumers by requirements for food products is growing. Manufacturers of undifferentiated mass-produced products using intensive technologies are losing their competitive position. The popularity of small batches of products is growing, which is more acceptable for potential consumers of target market segments. The production and bringing to market of such products requires the coordinated activities of all economic entities united by a common chain of movement of goods. To achieve this, state incentives are needed for the creation and development of cluster-type economic systems, which harmonize the requirements for raw materials and products of its processing, delivery times, prices. Production of craft products can be organized in some agricultural enterprises. The higher cost of such products is offset by higher sales prices. The creation of such systems can be initiated by processing enterprises that invest in the production of raw materials. State support for such structures is more effective than direct state financial support for individual industries.

A methodology to assess the level of flexible management technology development at industrial enterprises

Subject. This article discusses the issues related to the transformation of industrial enterprises in the transition to a digital economy. Objectives. The article aims to study the problem of development of flexible management technologies at industrial enterprises of Russia. Methods. For the study, we used statistical and systems analyses, grouping, and the method of expert assessment. Results. The article presents an original methodology for assessing the level of development of flexible management technologies at industrial enterprises. Conclusions. The developed methodology can help industrial enterprises function effectively for a long period of time in a changing market environment.

The Lost Decade for Hedge Funds: Three Threats

The last decade has challenged the paradigm of the hedge fund industry as a unique performer. In this chapter three main factors are identified that have affected the operation of hedge funds: competition from mutual funds, the market environment, and tighter regulation. Recent trends in the financial industry have moved asset managers closer to hedge funds by introducing similar underlying strategies, such as liquid alternative funds, to directly compete with hedge funds. Such strategies can achieve performance similar to that of hedge funds, thus introducing more competition for hedge funds. Moreover, it is shown that several hedge fund styles that have traditionally worked well in crisis times—even in the last decade—are also strategies that can be replicated by liquid alternatives. Together with tighter regulation and a strong market environment, these developments continue to put pressure on the hedge fund industry. The chapter’s empirical findings add to the existing debate on the performance of hedge funds and the direct competition from liquid alternatives.

AN ASSESSMENT OF THE FINANCIAL AND ECONOMIC SECURITY OF THE AGRICULTURAL SECTOR IN UKRAINE

The article states that the financial and economic security of the agricultural sector is aimed at ensuring a sufficient level of efficiency of financial and economic activities; protection from external and internal dangers, improvement of financial firmness, and stability. It is established that one of the ways to solve these problems is the application of modern approaches to determining the level of financial and economic security of agricultural sector entities in order to identify the most significant threats to the market, as well as the application of modern approaches to improving the level of financial and economic security of the Ukrainian agricultural sector. It was found that the financial security of the country directly and proportionally affects the financial and economic security of the agricultural sector, and the presence of problems can prevent the agricultural sector from reaching the desired economic level. The basic elements of financial and economic security in agricultural entities are identified as financial resources, financial stability (solvency), and profitability of operating activities, effectiveness of financial and economic activities, the possibility and cost of attracting external financial resources. The indicators for financial and economic security of agricultural enterprises in Mykolayiv region are assessed and a model of factors influencing the indicator, which is the profitability of operating activity, is developed. General and specialist research methods were used to study theoretical, and methodological issues of financial and economic security in the agricultural sector; monographic, causal relationships, and logical modeling are also used in determining the indicators of assessing the level of financial and economic security in the agricultural sector; method of dynamic analysis and — in order to assess the rate of economic growth of the main macroeconomic indicators of the country, taking into account the dynamics of their change in the market environment; calculation-constructive, graphic — when assessing the level of financial and economic security. It is proved that the financial and economic security of the agricultural sector is aimed at ensuring a sufficient level of efficiency of financial and economic activities in the market environment, protection from external and internal dangers, as well as creating conditions for long-term development, given globalization challenges. Keywords: agricultural sector, financial security, financial and economic security, indicators, approaches. JEL Classification Q14, Q18 Formulas: 0; fig.: 1; tabl.: 6; bibl.: 13.