Integrated market and nonmarket strategies: Empirical evidence from the S&P 500 firms’ climate strategies

Firms with well-formulated competitive market strategies could still fail due to their lack of effective nonmarket strategy. Climate change poses significant threats to firms and presents firms’ need to develop nonmarket strategy integrated with market strategy. Relying on the unique dataset of US S&P 500 firms’ responses to climate change, this study seeks to ask why some firms attempt to engage in climate policy making, while others do not do so. The results found that firms with organizational resources and capabilities underlying their carbon market strategy are more likely to support mandatory climate policy. It sheds light on the significance of integrated market and nonmarket strategies, particularly when business opportunities are controlled more by governments than by markets.

The Impacts of COVID-19 on Business Practice: Some Key Insights

This paper provides an overview of some of the key economic impacts of COVID-19 on business practice, especially in the U.S. In particular, we synthesize some of the latest research, findings and developments from various academic literature and business sources to provide a managerial perspective of the effects of this pandemic. In addition, we show some characteristics of the so-called “new normal” and what kind of innovative business opportunities could arise as a result of the fundamental changes in the global economy. We conclude by highlighting how some emerging countries like India could tap into such opportunities despite the dire global situation.

Tourism, Entrepreneurship, and Sustainability

The new global economy and its branches need to be both sustainable and entrepreneurial. In the world where finitude of resources can be eye-witnessed, decisions that lay upon the principles of people, profit, and planet have the ability to preserve the quality of life of present and future generations. Tourism is one of those sectors which have largely expanded over the past decades and whose development affects countries, economies, and natural resources. Sustainable tourism appears to be a natural fit for entrepreneurs wishing to establish new ventures and pursue business opportunities in today's dynamic yet complex business climate. This chapter examines the nexus between entrepreneurship and sustainable tourism. On the basis of theoretical framework and the review of relevant global environmental and tourism-specific tendencies, an online empirical study was conducted to understand how young adults perceive entrepreneurship and sustainability in tourism and the contribution of the two to sustainable development.

Fluvial Resources and Recreational and Sports Activities

This research aims to reflect on the importance of inland surface waters for the development of local communities and their potential to foster tourism and leisure activities, promoting differentiated tourism products that project this inland tourist destination. It seeks to inquire into new business opportunities, while simultaneously reflecting on ways of controlling uses and issues of preservation and environmental sustainability. The study is developed in the Serra da Estrela territory, framing the destination and establishing an approach to the evolution of recreational fishing and its contributions to the strengthening of tourism and leisure, given the exceptional conditions of water mass supply and its environmental value for an activity that has an intense relationship with nature. The purpose is also to establish lines of research to be followed and methodologies to be implemented for a better knowledge of this activity and identify action strategies for the future.

Dynamic Capability and Coopetition

The COVID-19 pandemic accelerated changes in company management, valuing coopetition as a collective strategy by strengthening the dynamic capabilities defined by Teece et al. as the firm's ability to integrate, build, and reconfigure external and internal competencies in rapidly changing environments. The adaptive capacity will prepare the company for adversity; the absorptive capacity favors the acquisition, assimilation, transformation, and application of external knowledge to create and maintain competitive advantages, and the capacity to innovate allows the identification of new business opportunities. The research showed that for the studied group, the good use of the dynamic absorption and adaptation capacities present in coopetition strongly contributes to the development of innovation competences, thus achieving and sustaining competitive advantage.

The role of institutional potential and social entrepreneurship as the main drivers of business opportunity and competitiveness

Institutional potential plays a key role in creating business opportunities. However, past studies did not emphasize on the consistency and the interaction between institutional and entrepreneurial potential-shaping factors. This research aimed to explore the role of these two aspects in spotting market gaps and encouraging competitiveness. Mixed methods were used, with basic concepts focusing on new institutional economic theory. The results showed that standardization, commercialization, technology, productivity, invention, social capital, and human capital strengthened institutional potential and social entrepreneurship. This created more ventures and encouraged competition. However, there is a need to eliminate institutional barriers to improve the efficiency and productivity of the socio-cultural-economic systems.

E-commerce adoption among micro, small and medium enterprises in Brunei Darussalam

The advancement of the Internet has enabled firms including micro, small and medium-sized enterprises (MSMEs) in Brunei Darussalam (Brunei) to adopt e-commerce. E-commerce has helped firms to easily buy and sell their products or services online. The advancement of the Internet and e-commerce has brought many benefits to the firms especially the MSMEs as it could help to reduce cost, enhance the firm's relationship with their customers and/or suppliers and increase business opportunities. To stay competitive, MSMEs must be aware of the potential benefits that e-commerce could bring. Moreover, before the firms have decided to adopt e-commerce, there are several factors that they should consider. This study aims to find out the factors that could affect the MSMEs' decision to adopt e-commerce by applying the technology-organizational-environmental (TOE) framework.

Implementation of Murabahah Contracts in Buying and Selling Housing

Indonesia's economic development related to the demand for housing is increasing. Many indicators can be seen in the community, such as the number of community housing developments. These developments create property business opportunities such as buying and selling housing, especially those that avoid the element of usury so that they look for a sharia buying and selling process, one of which is a murabahah contract. This study aims to determine the implementation of the murabahah contract in buying and selling housing. This research is a descriptive research research based on literature study. Data collection is done by taking from literature sources that are relevant to the research problem. Based on the analysis of various literatures, this study concludes that in the implementation of buying and selling murabahah contracts, it is required that both parties must know the benefits that have been agreed upon and the element of usury is prohibited. In its implementation, it must meet the pillars and conditions according to sharia principles. Traded goods are not included in the categories prohibited by Islamic law. But there are some in the implementation of the murabahah contract, there are some that have been modified related to the murabahah contract.

Service-based business models in the Swedish railway industry

PurposeThe purpose is to describe new business opportunities within the Swedish railway industry and to support the development of business models that corresponds with the needs and requirements of Industry 4.0, here denoted as Service Management 4.0.Design/methodology/approachThe study is an in-depth and descriptive case study of the Swedish railway system with specific focus on a railway vehicle maintainer. Public reports, statistics, internal documents, interviews and dialogues forms the basis for the empirical findings.FindingsThe article describes the complex business environment of the deregulated Swedish railway industry. Main findings are in the form of identified business opportunities and new business model propositions for one of the key actors, a vehicle maintainer.Originality/valueThe article provides valuable understanding of business strategy development within complex business environments and how maintenance related business models could be developed for reaching Service Management 4.0.