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MEST Journal ◽  
2022 ◽  
Vol 10 (1) ◽  
pp. 1-11
Zoran Cekerevac ◽  
Zdenek Dvorak ◽  
Lyudmila Prigoda

During the COVID-19 pandemic, companies coped and still must deal with uncertainty greater than ever. Due to the unpredictability of consumer demand, the incredible growth in demand for certain products, dramatic fluctuations in supply chains, and general economic instability, the future still looks uncertain. It is up to the manufacturers to determine how things will be sorted out in the new normality, i.e., which changes will be long-lasting or even permanent. Lean production has emerged in recent decades as an excellent solution to increase the economy and quality of production and meet customer needs. In the market conditions affected by the COVID-19 pandemic, producers work in a significantly changed environment, and many wonder whether lean production remains as relevant and valuable as in the past. The paper discusses lean production from different aspects as the essence of the principles of the lean concept, events during the pandemic, and expectations in the post-Covid period. We used some examples to support the analysis of factors that negatively affect the course of lean production as well as some bright examples of companies that took advantage of lean production in the new conditions. The conclusions consider answer whether lean production will survive the consequences of the COVID-19 pandemic.

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Tianjiao Qiu

PurposeThe purpose of this paper is to examine how early-stage entrepreneurs' opportunity motivation impacts their choice of market growth strategies as well as the contingent roles of institutional environments and product market conditions in Africa.Design/methodology/approachThe study employs hierarchical linear modeling to test multilevel models with nested data empirically.FindingsThe findings show that African early-stage entrepreneurs who are opportunity-driven and from countries with strong institutional environments have a higher tendency to adopt market exploration strategies. African early-stage entrepreneurs from countries with strong product market conditions have a higher tendency to adopt market penetration strategies. Further interaction tests show that both contingency conditions, namely institutional environments and product market conditions, moderate the effects of opportunity motivation on market growth strategies of African early-stage entrepreneurs.Practical implicationsThe study shows that policymakers in Africa need to develop flexible, supportive market-related policies based on entrepreneurs' growth paths, institutional environments and product market conditions.Originality/valueThe study is the first to explore multilevel influences on early-stage entrepreneurs' market growth strategies in Africa. It sheds new insights on the entrepreneurial marketing process of early-stage entrepreneurs in Africa.

2022 ◽  
Vol 1 (15) ◽  
pp. 164-167
Yuliya Poltavskaya

The solution of a logistic problem to improve the efficiency of the supply chain in order to achieve an optimal delivery strategy is presented. The solution involves the use of mathematical methods to determine the location of the distribution center in the service area. The use of an optimal delivery strategy leads to a decrease in storage and transportation costs, which has a positive effect on the competitiveness of an enterprise in modern market conditions

2022 ◽  
Vol 14 (2) ◽  
pp. 779
Kęstutis Peleckis

Background—competitive conditions are often distorted in the construction sector, therefore this affects the market position of all participants. This paper seeks to find the tools for properly assessment of participants by Herfindahl-Hirschmann index (HHI) and to identify what parameters have the greatest impact in the competitiveness of the construction sector. Methods: in this article the DEMATEL method was used whereas tool for assessing the balance of market concentration as it may help to determine factor with the greatest influence on a firm’s HHI. Results in this work showed how different parameters affect each other and their impact on a value of a firms’s HHI. When the parameters are determined, they can be useful for assesment of mergers their influence on the HHI and alteration of the market’s power balance. Conclusions—The calculation of the HHI by using the DEMATEL method allowed to check the empirical implementation check of the multicriteria assessment method, on the market power of business entities, operating in the distorted market conditions of the construction sector.

2022 ◽  
pp. 96-125

Taking a different approach to the problem, Leo St. Clare Grondona devised a system of conditional currency convertibility that individual countries can implement independently in terms of their own currency. For each of the durable, essential, imported commodities included in the system, instead of stipulating a price-range to be maintained, Grondona stipulated a “price-schedule” in which the price-range to be guaranteed for each commodity adjusts in proportion to the quantity of reserves held, falling as they rise and vice versa. In this way the maximum possible outlay that could be required, even under extreme market conditions, can be decided in advance. Consequently, a government establishing a Commodities Reserve Department (CRD) to implement such a system could legitimately pay for reserves through corresponding expansion of the national money supply, which would be reversed as and when the reserves were repurchased.

2022 ◽  
pp. 155-169
Beatriz Juncal ◽  
Gabriela Vides ◽  
Pedro Matos ◽  
Bruno Barbosa Sousa

The chapter aims to demonstrate the growing importance of the concept of 'digital detox' as a segment of the tourism market to indicate the reasons and factors that encourage its demand, the diversity of establishments, the strategies employed by them, the limits, facilitating the adaptation to market conditions, and assisting in the development of marketing strategies that respond to customer needs. Through a content analysis of some research papers from the last 10 years and websites, as well as an interview with the founder from one of the establishments specialized in “disconnection with technologies” experiences, the “Offline House,” this study presents inputs on marketing (digital), tourism (niches), and consumer behavior.

2022 ◽  
pp. 73-91
Martin Aruldoss ◽  
Ahalya Kannan ◽  
Kamil Khan Ameer Khan ◽  
Miranda Lakshmi Travis ◽  
Prasanna Venkatesan Venkatasamy

Nagapattinam is one of the main places for the catching and export of fish in Tamil Nadu State, in the south of India. In the local markets, fisherwomen buy fish, which are then sold in the streets as well as door-to-door. These “street selling fisherwomen” face various difficulties, including means of transport, carrying heavy fish baskets, and challenges in fish selling during sickness. To overcome these problems, a project was set up with support from the Tamil Nadu State Council for Science and Technology to develop a mobile app with native (Tamil) language to simplify the different processes involved in fish selling. Special features, like adding fish detail using images, voice-based searches on market conditions, and location tracking for the delivery of fish, are helping the fisherwomen to reduce the complexity of the selling process. This chapter provides detail on this project, examines the benefits, and discusses the difficulties encountered in the adoption of the mobile app, which is enabling fisherwomen to boost their revenues and improve their quality of life.

SAGE Open ◽  
2022 ◽  
Vol 12 (1) ◽  
pp. 215824402110684
Ali Fayyaz Munir ◽  
Mohd Edil Abd. Sukor ◽  
Shahrin Saaid Shaharuddin

This study contributes to the growing debate on the relation between varying stock market conditions and the profitability of stock market anomalies. We investigate the effect of changed market conditions on time-varying contrarian profitability in order to examine the presence of the Adaptive Market Hypothesis (AMH) in South Asian emerging stock markets. The empirical findings reveal that a strong contrarian effect holds in all the emerging markets. We also find the stock return opportunities vary over time based on contrarian portfolios. We show that contrarian returns strengthen during the down state of market, higher volatility and crises periods, particularly during the Asian financial crisis. Interestingly, the market state instead of market volatility is the primary predictor of contrarian payoffs, which contradicts the findings of developed markets. We argue that the linkage arises from structural and psychological differences in emerging markets that produce unique intuitions regarding stock market anomalies returns. The overall findings on the time-varying contrarian returns in this study provide partial support to AMH. Another significant outcome of this study implies that investors in South Asian emerging markets, like investors in the developed markets, could not adapt to evolving market conditions. Therefore, contrarian profits often exist, and persistent weak-form market inefficiencies prevail in these markets.

D. V. Kotov ◽  
I. V. Burenina ◽  
S. F. Sayfullina ◽  

The article discusses a number of topical issues of modern organizational design. Through the analysis of the approaches of Russian and foreign scientists, the factors that need to be taken into account in organizational design are identified. Out of a multitude of factors, we have selected those that have the greatest impact in various options for the market and technological environment for an oil and gas company. Organizational schemes which can be recommended for organizing management in different market conditions are shown. A method to reconcile the influence of the basic and other factors in the organizational design process is proposed. A mechanism for constructing an organizational structure in modern conditions in oil and gas companies is proposed. In the conclusion, recommendations on the directions for further research on the problems of building organizational structures are given. Keywords: organizational structure; building organizational structures; competitiveness factors; organizational design.

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