A Survey of Recommendation Systems: Recommendation Models, Techniques, and Application Fields

This paper reviews the research trends that link the advanced technical aspects of recommendation systems that are used in various service areas and the business aspects of these services. First, for a reliable analysis of recommendation models for recommendation systems, data mining technology, and related research by application service, more than 135 top-ranking articles and top-tier conferences published in Google Scholar between 2010 and 2021 were collected and reviewed. Based on this, studies on recommendation system models and the technology used in recommendation systems were systematized, and research trends by year were analyzed. In addition, the application service fields where recommendation systems were used were classified, and research on the recommendation system model and recommendation technique used in each field was analyzed. Furthermore, vast amounts of application service-related data used by recommendation systems were collected from 2010 to 2021 without taking the journal ranking into consideration and reviewed along with various recommendation system studies, as well as applied service field industry data. As a result of this study, it was found that the flow and quantitative growth of various detailed studies of recommendation systems interact with the business growth of the actual applied service field. While providing a comprehensive summary of recommendation systems, this study provides insight to many researchers interested in recommendation systems through the analysis of its various technologies and trends in the service field to which recommendation systems are applied.

Corporate Governance and Financial Features of Portuguese Family Firms

This study analyses whether corporate governance and financial features of private family firms are different from private non-family firms and discusses the role of private family firms in regional economic development. The evidence is drawn from a database of Portuguese private family owner-managed firms in order to determine the differences in the management and experiences of venture capital and other financing options. The main results demonstrated that family firms have significantly lower ratios of leverage, are less interested in venture capital, have much more experience in management and are less likely to be female than those in non-family firms. Our results indicate that the financial development of Portuguese private family firms is also consistent with the moderate tenet of family firms which could hamper their business growth and demonstrate that corporate governance features assist the family identity and the ability to exert family influence.

The Role of Digital Marketing in Achieving Sustainable Competitive Advantage

Digital marketing is a growing trend day by day, with internet marketing concepts becoming a powerful medium for digital marketing and electronic devices such as cell phones, digital billboards, tablets and laptops, portable game devices, and many gadgets that help in digital marketing. In this chapter, the role of digital marketing in assisting companies to achieve a sustainable competitive advantage was analyzed. The outbreak of the COVID-19 pandemic has put an end to companies' sales and business growth predictions, and digital marketing is no exception. Digital marketing will be at the forefront as many marketers might be looking for creative ways to sell online, reduce lead costs, increase click-through rates and conversion rates, and seek out what's new in digital marketing. This chapter focuses on understanding digital marketing concepts and how firms can achieve a competitive edge using various examples. This chapter reviews the different digital marketing concepts and strategies adopted by major global companies.

Juridical Overview of the Syndication Financing Agreement Between Customers and Financial Institutions

Companies need funding for business growth. Syndicated financing is financing in large amounts of funds and projects that require extensive and long-term financing. Syndi-cated financing has grown since the 1960s. Participating financial institutions have compliance and knowledge of syndicated financing agreements. Customers have low compliance and understanding of financing agreements. This discrepancy has given rise to several communication problems, which resulted in legal events. This research aims to examine syndicated financing agreements between financial institutions and customers from the juridical side. This research uses a normative juridical method. This research concludes that the financing agreement is a single agreement between customers and many financial institutions. Financial institutions cannot deal directly with customers in the syndicated financing agreements. The facility agent or trustee represents the financial institution in negotiations with the customer if there is a difference or discrepancy with the financing agreement.

COVID-19 in Pakistan: How to Spark the Economic Recovery-Analysis from Previous Natural Disasters

COVID-19 is reshaping the future of the globe by having an unprecedented impact on people's social, political, and economic lives. This pandemic is being characterized by health crisis as well as economic crisis. Pertaining to the negative demand & supply shocks and the decrease in revenues, profits, and investment due to COVID-19, many business and economic institutions are paying heed to subdue the post-pandemic economic recession. The COVID-19 pandemic crisis also hit the economy of Pakistan rigorously. Due to persistent lockdown and de-escalated economic activities, the country faced a sharp decline in tax revenues, investment, and business growth. Pakistan has faced several economic downturns due to natural disasters: particularly the flood in 2010 and the earthquake in 2005, as they caused the loss of numerous lives, infrastructure, businesses, and irrigation land. The present study reviews the response and effectiveness of government and different institutions in previous natural disasters. This analysis provides policy recommendations to deal with the current crisis. The study concludes that Pakistan failed to get the full output of its recovery plans due to lack of preparedness & coordination, lack of understanding, insufficient knowledge & planning, the ineffective role of central management, and other institutional or management issues. It further recommends that Pakistan should act more effectively against natural disasters and restore its previous economic pace by eliminating the gaps in its economic and disaster management policies.

Fashion Business Sustainability for Fashion Designers in the Indonesian Fashion Industry

The fashion industry remains as one of the most highly competitive industries where many fashion designers may find it difficult to establish sustainable fashion businesses. Navigating through the fashion business and ensuring business success, growth and long-term sustainability were generally considered to be the ultimate goal and biggest challenge many fashion designers continue to struggle with. This study was aimed to determine all key factors that are integral and contribute to fashion business sustainability by presenting findings provided by three Indonesian fashion designer’s responses to the issue of fashion business sustainability, the various challenges, and what factors are needed to ensure a long lasting through semi-structured in-depth interviews. Overall findings revealed the need for fashion designers to have an entrepreneurial mindset and for fashion businesses to possess all sustainable business key factors in various aspects ranging from design, business and the various qualities from the fashion designer themselves, while also taking account of the external state which was set in the Indonesian fashion industry for business sustainability and organic business growth. Fashion designers who controls all these factors will have a significantly higher chance of sustainability while competing with other fashion businesses.

Digital Transformation Design towards Logistics 4.0 in SME: A Case Study for PT XYZ

The rapid development of technology and information and communication has a direct impact on the business of the Indonesian people. SMEs are one of the pillars in the economic sector in Indonesia. However, logistics has always been an obstacle to business growth in the SME sector. In Indonesia, logistics costs are still high compared to GDP, which is the background of problems that can be solved by implementing logistics 4.0. This literature will provide input for SME entrepreneurs, who will carry out digital transformation in the logistics sector of their business. The inputs that will be given include the importance of digital transformation in the logistics sector and the benefits that will be provided as a result of digital transformation. By using the digital maturity model for logistics 4.0 concept as a research method, an SME will be able to find its current state and also be able to determine strategies that will help SMEs go to their intended future state. Various analyzes will be carried out to determine the state of the SME business, so that appropriate digital transformation can be carried out regarding the SME logistics current state.