Digital Entrepreneurship and Innovation

This chapter is based on a case study that highlights the digital entrepreneurship and innovation of an entrepreneurial venture and team aspiring to address cash flow management issues and pains faced by the micro, small, and medium-sized enterprises (MSMEs) in Malaysia. The entrepreneurial team pioneered the revolutionization of the barter trade concept by developing a digital solution and platform branded as Kongsi (initially named Qu Exchange). Kongsi is a solution using digital trade points which act as a medium of exchange in replace of cash. This solution can solve cash flow problems faced by MSMEs with the creation of a non-cash alternative financing platform, combining and integrating the concept of barter trade and a point-based system. In this case study, the authors examined two critical success factors for digital entrepreneurship and innovation. This case study exemplifies a venture and entrepreneurial team capable of assembling strategic resources to create and sustain competitive advantages to survive and grow in a highly competitive FinTech environment.

Formation of university graduates employment culture

Introduction. Successful employment of university graduates is necessary for the productive solution of socio-economic problems of modern society. It is a particularly urgent task in the context of the global economic crisis and the significant changes of labor and employment area caused by it. Many students are not able to get a job, which means a significant lack of qualified specialists with higher education, who are strategic resources for the progressive development of society. This article aims to develop and give scientific justification for the extracurricular program of the Formation of University Graduates Employment Culture based on a modular approach. Materials and methods. The study involved 564 senior students of Russian universities (bachelor’s degree, master’s degree). Online survey was conducted to identify problem areas and prospects for employment. The parameters and characteristics of the formation of student’s employment culture are diagnosed using a set of valid diagnostic techniques. The reliability of the data obtained was checked using the Pearson’s chi-squared (χ2) test. Results. The author’s program for the formation of university graduates' employment culture was developed in the course of the study. The essence of the program is the development of students’ skills of job search, self-presentation, self-promotion, self-image, CV writing, effective communication, teamwork, creative problem solving, forecasting the trajectory of employment after graduation. A significant increase in the formation of student’s employment culture level was recorded as a result of the program implementation in the experimental group (χ2emp = 26.554) compared with the students of the control group who did not show positive dynamics in the level of the measured personal characteristics (χ2emp = 0.334) during the experimental work. Discussion and conclusion. The study has resulted that the effectiveness of the formation of university graduates' employment culture increases with the use of modular structuring for extracurricular programs (communicative, facilitation, socio-legal, administrative, psychological and pedagogical, project, information and interactive modules).

Total quality management as driver for internationalization: a case study of a small family firm

PurposeThis study investigates the relationship between Total Quality Management (TQM) and internationalization in small family firms, focusing on the role that the dimensions of TQM may have as strategic resources to implement successful internationalization strategies.Design/methodology/approachBuilding on the Resource-Based View (RBV), the study is based on a single case study, and data were gathered through in-depth interviews with the family owner-manager.FindingsFindings show that small family businesses that aim to operate in international markets have to invest constant attention toward TQM by developing strategies able to achieve excellence. More in detail, for small and medium family firms, TQM represents a driver to internationalize. Therefore, family-owned managers sustain that internationalization success depends on the increasing attention exhibited toward the following dimensions of quality, specifically on three main pillars: relationships, professionalization and long-term vision, which appear to be strategic resources in international markets. An interpretive model is proposed with a set of propositions.Research limitations/implicationsScholarly implications are threefold. First, findings contribute to the RBV theory by introducing the long-term vision as a strategic resource able to activate a loop between TQM and internationalization success. Second, results contribute to TQM literature, highlighting that it represents a driver to internationalize, and following a long-term perspective, its enhancement is stimulated by internationalization. Third, findings contribute to family business studies, underlining the relevance done of owners on professionalization as a strategic resource to ensure excellence and obtain success in overseas markets. The main drawback refers to the fact that results stemmed from one single case study. Further studies could deepen the analysis on multiple cases.Practical implicationsThe proposed case study represents a best practice and can stimulate other entrepreneurs and consultants to invest in TQM to thrive internationalization strategies.Originality/valueThe current study, elucidating that TQM is the driver to stimulate family business internationalization, proposes an interpretive model to study TQM and internationalization in small and medium family firms.

СИГУРНОСТТА НА НАЦИЯТА И ДЪРЖАВАТА И КУЛТУРНАТА ИДЕНТИЧНОСТ

The challenges of the contemporary world impose new economic logic and visions, such as the growing need for circular business models, instead of linear ones, which promote the concept of services instead of resources. The world is changing dynamically, but it seems that the national states’ models for resolving crises are relatively outdated. Nowadays, nation states control their economies relatively symbolically. They are dependent on global agreements, transnational capital, foreign investors, etc. The implementation of active policy in times of crisis implies an emphasis on the control, provision and management of strategic resources by the countries, modelling the main global processes. The article discusses specific forms and methods of global rivalry.

New Strategies of Omni-Mediatization of the Public Policy in Kazakhstan

In the context of the accelerated development of new media and the growth of e-democracy, the mediatization of Kazakhstani politics is entering a new digital-driven stage of development. The authors approach relevance lies in studying the modern digital-driven strategy of Kazakhstani political communication and identifying methods of influence of political parties on the electorate, manipulative media forms on certain segments of the electorate from the opposition. The article presents an analysis of the main strategic resources of the politics mediatization and of their impact. Moreover, it reveals the influence tendencies of the political mediatization, the political communication in society and with party stakeholders. The author attempts to analyze the methods and formats of transmedia storytelling in the social networks on the Internet for the political leaders communication shaping, social and political dialogue building. The research material included the election campaigns of parliamentary and unregistered parties texts in Kazakhstani social media, the posts / publications on social networks during the first ever primaries in the countrys history and the parliamentary elections of 2019 and 2021.

Global Strategy and Multinational Corporation Capabilities

Strategy in a global setting involves competition in industries that extend across national boundaries and among firms with different national home bases that may tap into strategic resources in more than one location. The resources that the firm accesses from its home country provide it with international competitive advantage only if they are relevant in other markets, if the value they create is appropriable, and if they are transferable to those markets (RAT), These resources include tangible assets and factors of production, but, importantly, also the capabilities the firm develops. Similarly, the resources that it taps from other contexts provide it with further competitive advantage only if these resources are complementary to the firm’s existing resources, appropriable, and transferable to the locations where it can exploit them (CAT). These two sets of factors—RAT and CAT—provide a framework for international strategic decisions that emphasizes developing, acquiring, and transferring capabilities.

Problems of managing strategic resources of companies in the conditions of the ecological requirements toughening

The paper deals with the problems of managing strategic resources of companies. The structural transformations of foreign countries in the field of strategic models and processes are analyzed. The need for the formation and implementation of complex strategic models linking the interaction of resources and skills is proved. It is revealed that such models almost do not exist now. The authors propose the model that combines all relevant strategic perspectives in a holistic process. The article provides the construction and classification of corporate analysis of the company for the purposes of strategic management. Characteristics of core competencies are identified. The criteria for strategic resources are determined: superiority in competition; uniqueness; constancy; ease of use; replaceability; customer value, ecological friendliness. It is proved that strategic resources include the potential for success, allow gaining a competitive advantage and can serve as the basis for building a resource-oriented and ecologically responsible company strategy. The analysis of the main types of competencies is carried out. The process of identification of the company’s core competencies is considered, and it is concluded that core competencies form the basis of the company’s long-term competitiveness, and their knowledge can have a significant impact on internal and outsourcing decisions.

Strategic Resources

Dalam masyarakat digital saat ini, sumber daya berbasis teknologi muncul dan beradaptasi jauh lebih cepat daripada sistem dan struktur organisasi biasa. Akibatnya, tingkat di mana terjadinya perubahan teknologi telah melebihi kemampuan manajer di dalam perusahaan untuk mengantisipasi, merencanakan, dan mengimplementasikan perubahan sistem informasi

STRATEGIC RESOURCES AND PROCESSES IN PROPERTY INDUSTRY: UNCOVERING NEW ANALYSIS APPROACH FOR BUSINESS DEVELOPMENT & ENTREPRENEURIAL DECISION

The “Strategic Resources and Processes in Property Industry: Uncovering New Analysis Approach For Business Development & Entrepreneurial Decision” discusses about the strategic resources and strategic process that works in the Property business industry. From the management resources and business processes that will determine the company's performance. What factors are affecting the company performance the most? What are the resources of the business? The research for the data using the quantitative analysis with a purposive sampling method and continues by confirmatory analysis from an industry expert. The result of the data shows that the ready to sell property is the most strategic resource in the property sales industry that boosts up the company’s performance. Additionally, advertising is one of the most effective way to succeed in the selling property.