Having effective and efficient financing is one of the most important steps in accelerating the development of public infrastructure, including toll roads. This study aims to identify Critical Success Factors (CSFs) for the implementation of toll infrastructure financing in Indonesia. Thirty-three CSFs have been identified from literature review. A Delphi survey involving a panel of experts working in the infrastructure industry was conducted. Based on the survey, it is known that internal rate of return, affordability, investment decision, commercial banks, financing costs, interest rate risk, control of cash flow, contract scope, and principles of risk transfer are important factors for the implementation of toll infrastructure financing in Indonesia. This study fills research gaps by developing a CSF model for successful toll road infrastructure financing in Indonesian PPPs, considering private perspectives and aiming to provide insights for investors and enhance understanding of country profiles in developing countries. The focus on toll road implementation in Indonesia contributes to a comprehensive understanding of CSFs for PPPs in the country.

Digital transformation process gained significant research interest over the past years especially when related with achievements in sustainability goals. Even though there exist growing research regarding various aspects of digital transformation and sustainability procedure, a more detailed analysis is needed in different national environments. Proposed study empirically analyzes the Greek managers’ perspective for the relationship between digital management intensity and environmental performance. Almost 60 Greek senior managers from various organizational sectors were interviewed, while a synthetic index already developed from previous studies was used. Results indicate that Greek companies are not fully exploit digital technologies to further develop their environmental practices. Digital transformation strategy is contributing effectively to environmental strategies in the case of reducing emissions of waste and avoid environmental accidents, while in the rest of cases emerging technologies play a less important role and not as a part of an holistic digital strategy.

Property valuation services using artificial intelligence (AI) have been developed, with more than 20 services available in Japan. However, since their algorithms and training data are not publicly available, the extent of differences in the AI property valuations among these services is not clear. This study focuses on the five services handling a lot of properties and uses a sample of 4,295 property valuations for 859 condominium units in six popular residential areas in Tokyo. (1) Multiple comparison tests of the AI property valuations among each service are conducted to confirm their statistical significance and to examine the degree of the difference and variation. (2) The business models of each service are compared to examine the factors contributing to these differences and variations. The results showed that there was a variation of approximately 0.15 in the coefficient of variation between the high and low valuation groups, and the service providers in the high valuation group guided the users to their sales, while those in the low valuation group focused on attracting users as their business models. The contribution of this study is to indicate the possibility that the business models may lead to the differences in the AI property valuations.

We examine how external triggers, including the digital imperative and the need for more sustainable resource and stakeholder employment, spark the development of transformative sustainable business models. Drawing on the resource-based view and the shared value approach we conceptualize a multifaceted framework that helps to identify key determinants and coherent layers of transformative sustainable businesses models. Our theoretical arguments integrate recent research findings on external dynamics, such as digital technological advances and rising global competitive dynamics, with internal capabilities on both the organizational and the individual level, allowing for a more complete understanding of transformative potentials on the firm level. We propose that key determinants of sustainable transformative business models adhere to both, innovative value-creating reconstructionist and sustainable shared-value logic, and include elements such as co-creation with customers, usage-based pricing, agile and adaptive behavior, closed-loop resource employment, asset-sharing, and collaborative business ecosystems. At the same time, organizational, economic, and environmental layers encompassing sustainable business models need to be both horizontally and vertically coherent to unfold their full potential.

At this point, because of the progression of technology, the shift toward new forms of communication, and the expansion of existing ones, we can communicate with another person in any part of the world, regardless of how great the distance between us may be. In addition, the importation of technologies helps boost living standards and advances the service sector. The digital revolution is not only taking place but also gaining momentum daily. Expanding our knowledge has a profound impact on all facets of our economy, from healthcare to the energy and transportation industries and beyond. These paradigm-shifting breakthroughs are exceptional in their breadth, scale, and pervasiveness of impact. Our work is to convey the theoretical perspectives about the impact of digitalization on highlighting the growth of businesses, and that is the ultimate goal of our efforts.

-- This paper examines the critical role of business analysis in shaping small and medium-sized enterprises’ strategies for better odds of success in the ever-evolving Nigerian economy and within the competitive markets. Business analysis ability, as a knowledge-supporting factor, focuses on understanding consumer needs, planning, data collection, analysis, and presentation to decision-makers. The process begins with strategic planning and meticulous data collection, facilitating a deep understanding of the business and consumer behavior and process potential. Analytical skills unearth the true potential of organizational processes, particularly in product creation, resulting in distinctive and highly valued products. Such products align with theories like the resource-based view or VRIO theory, driving increased sales volume—a key performance metric. By leveraging analytical capabilities, Nigerian SMEs can navigate complex market dynamics, create value-driven businesses, and differentiate themselves from competitors thus increasing the odds of success. This paper sets the stage for further research into the impact of business analysis on organizational success within dynamic market landscapes.

Data is the most valuable asset of a company or organisation nowadays, for the management of such data there are several techniques used for the storage and analysis of these data, if the organisation chooses wrongly among the alternatives it could face a very costly problem. Based on the above information we will study a very important issue today in the business world, with the global economic growth has also grown the world of technology and therefore organizations or companies also need to move forward with firm and fast pace how business evolves; Its weaknesses, strengths and the need to always be at the forefront of technological tools we will dive into the subject of business intelligence or also known as Business Intelligence (BI), Datawarehouse and Data Mining which is nothing more than a group of applications and tools that allow you to extract, transform and load some data to get to get information and knowledge in order to make a quick decision, accurate and efficient in the organization to achieve the objectives outlined. Due to the fact that there are still companies or organisations that make blind decisions in their customer or strategic processes. In order to solve this problem we rely on data mining as an alternative to minimise risks, which can lead to major and valuable losses within an organisation. In the case of a private company where data mining is applied to study patterns of customer behaviour on their own parameters of location, consumption, etc.. And third party data. The search for information is profitable for the business administration. Data mining is applied as a tool for the development of marketing tactics in competitive production and industrial sectors. This technology attempts to help perceive the attachment of databases. Data mining works on a preferential level looking for patterns, behaviours, orders or groupings that can create a model that allows us to better understand the concept and help in decision making so organisations rely on different systems such as CRM, ERP and many others, but to move from just information to generate business intelligence must be centralised in a single place where you can run data analysis of all types to discover trends that help decision making that place can be mainly a Lake or a Warehouse.

The business planning process can be considered as a strategic phase of any business. Given that the business plan is a management accounting tool, there are countless approaches that can be adopted to prepare it since there is no legal requirement, as opposed to obligations relating to financial accounting. However, in general, every business plan consists of a numerical part (budget) and a narrative part. In this research, the author highlights, on the basis of experiences and commonly used theories, a standard process that can be adaptable to the business plan of any type of activity. The use of big data is highlighted as an essential part of feeding the data of almost all the steps of the budget. The author then manages to determine a generally applicable standard process, indicating all the data necessary to prepare an accurate and reliable business plan. A case study will provide adequate support to the demonstration of the immediate applicability of the proposed model.

During the past two decades of e-commerce growth, the concept of a business model has become increasingly popular. More recently, the research on this realm has grown rapidly, with diverse research activity covering a wide range of application areas. Considering the sustainable development goals, the innovative business models have brought a competitive advantage to improve the sustainability performance of organizations. The concept of the sustainable business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural, or other contexts, in a sustainable way. The process of sustainable business model construction forms an innovative part of a business strategy. Different industries and businesses have utilized sustainable business models’ concept to satisfy their economic, environmental, and social goals simultaneously. However, the success, popularity, and progress of sustainable business models in different application domains are not clear. To explore this issue, this research provides a comprehensive review of sustainable business models literature in various application areas. Notable sustainable business models are identified and further classified in fourteen unique categories, and in every category, the progress -either failure or success- has been reviewed, and the research gaps are discussed. Taxonomy of the applications includes innovation, management and marketing, entrepreneurship, energy, fashion, healthcare, agri-food, supply chain management, circular economy, developing countries, engineering, construction and real estate, mobility and transportation, and hospitality. The key contribution of this study is that it provides an insight into the state of the art of sustainable business models in various application areas and future research directions. This paper concludes that popularity and the success rate of sustainable business models in all application domains have been increased along with the increasing use of advanced technologies.

This article presents a critical review of the current and future state of “business architecture” within the enterprise architecture frameworks. The review is conducted in the following four stages. In the first stage of analysis, the research and publication questions are established. In the second stage, the search for information is designed and implemented using the Prisma methodology, and once the selection criteria were applied, 75 article-type documents were selected from Scopus, WoS, and Dimensions databases. In the third stage, the information analysis is conducted, and then it is synthesized. Finally, in fourth stage, the discussion is elaborated. This research contributes in understanding the current and future trends of business architecture in Industry 4.0. Considering the challenges of the changing market, the results show the need to implement architectures and dynamic business models, including their artifacts, in a globalized context immersed in new technologies.

EIMIs face the challenge of adapting to the Paris Agreement and the European Green Deal to achieve carbon neutrality. This change is being driven by consumer interest in low-carbon products, regulatory requirements from climate agreements and investors prioritizing sustainability. This pressure is pushing companies to go beyond short-term financial gains and integrate sustainability into their business. The growing awareness of the environmental impact of business models (BM) has fueled the development of Sustainable Business Models (SBMs). This study aims to link the discussion on the role of SBMs in the drivers of decarbonization, to improve the understanding of how the drivers can be integrated and enable new BMs for EIMIs. Based on a structured literature review, semi-structured interviews were conducted in the EIMIs. The study identifies BM-components that are influenced by these drivers and require sustainable business model innovation (SBMI). The results show that decarbonization drivers have a significant impact on all BM components. Experts emphasize the importance of collaborative approaches and cooperation throughout the value chain. This research elaborates on the importance of systematic analysis to understand how companies can effectively manage decarbonization drivers and suggests in-depth exploration within BM-research to uncover potential SBM design options.

In Bangladesh, family businesses play a significant role in the country's business landscape because so few private companies are set up as large-scale, non-family ownership firms. Thus, it is vital to comprehend family businesses in order to comprehend Bangladeshi company dynamics. In this paper, authors attempted to survey the existing research in the area of family business in Bangladesh. It was found that the area as a research is totally an open field and a lot of new research can be done in the said area. Although a good number of studies can be classified as focused on the SME (small and medium enterprise) domain, a major shortcoming of those SME studies is that the SMEs themselves vary greatly in terms of size, scope, and technology. Whereas most of the family businesses can be predominantly put in the SME category, the particular issue of family business and family dynamics is not very common in those studies. This paper suggests that a good amount of research or studies can be done focusing on family business constitution, family members' participation norm, recruitment and promotion norm, family business succession rules and succession planning, training for family business leadership and management, training for board and directorial supervision, and so on.

The long term sustainability and longevity of the business life cycle depends on correct understanding of the contextual constituents, triggers and dynamics, pre-startup planning, strategy and financial forecasting where business plans are developed to understand and forecast project viability, pitch ideas and secure funding. At the same time there is a lack of one page startup business model. Identifying this need, a ‘startup business strategy frame’ has been developed through learnings and encompassing design thinking, the business canvas and other strategy models and approaches. It provides a logical sequential flow and connects value drivers on environmental, strategic including operational and financial levels of proposed startup in a sequential format. To arrive at the frame as a logical conclusion a website www.strategizestartup.com is developed to build startup business model and plans in a time and cost effective process. The website assists the startups at each stage through a work and guidebook. The website takes the user from creative ideation by charting the context to build the strategy and measuring the financial impact. This startup strategy model will alleviate the problems for the first and second stage entrepreneurs to ideate creatively and strategizing. It also eradicates the issues related to reading and understanding long plans which could be an exhaustive and cumbersome process.

Currently, banks are facing challenges in fulfilling the interests of stakeholders, not only from the economic point of view but also from the environmental, social, and governance (ESG) aspects. This is due to the increasing concern for sustainability issues, including in lending activities. Lending activities constitute the largest portion of bank assets and are the largest contributor to bank revenues. Thus, banks need certain business models and strategies to encourage sustainable lending growth. This study aimed to build a sustainable business model and selection of sustainable lending strategies in state-owned banks in In-donesia using a value chain approach. The development of a sustainable business model utilized triple layer business model canvas (TLBMC) is based on the results of previous re-search and sustainability reports data of the three state-owned banks. Formulation of strat-egy selection as key drivers to drive sustainable lending utilized analytical hierarchy pro-cess (AHP) based on expert respondent data collected through questionnaires. This re-search showed that the lending distribution business model at state-owned banks in Indonesia, which was built using the TLBMC framework, can realize sustainability goals in the form of a sustainable lending business model. Furthermore, this sustainable business model can be used as a basis for selecting sustainable strategies. In addition, the AHP results obtained alternative strategies in the form of green loan and micro, small and medium enterprises (MSME) market development and penetration as the key drivers of sustainable lending growth.

The rise of multi-sided digital platforms has transformed the global economy, enabling individuals and companies to create, deliver, and capture value through innovative connections and network effects. While scholars have studied the core strategy concepts and proposed platform architectures, less attention has been paid to the long-term sustainability of these platforms. This paper addresses this gap by examining the relationship between sustainability and platform architecture. Specifically, it asks what mechanisms characterize digital platforms for sustainability, and whether there are design choices that optimize the business model for sustainability. Using a mixed-methods approach that draws on platform literature, business models, and sustainable innovation, the paper develops an integrative framework to identify elements and design choices in platform businesses which support sustainability outcomes. The framework is then used to classify the business models of the identified platforms, revealing specific design choices for platform architecture that can optimize their business models for sustainability. This contribution to existing literature provides an artifact that allocates key decisions on value creation, delivery, and capture that are key to platforms and includes an additional layer to optimize them for long-term sustainability. As digital platforms continue to drive the economy, this research is relevant not only to platform practitioners, but also to policy makers and society at large.

Social enterprises are very common in Birmingham having the largest concentrations of social enterprises in the United Kingdom. With the emergence of the Covid-19 pandemic, the operations and management of social enterprises in Birmingham has been greatly affected. This study seeks to analyse the impact of the Covid-19 pandemic on the operations and funding of social enterprises in Birmingham UK. In order to achieve this, the study is going to carry out a qualitative methodology in order to analyse the impact Covid-19 has had on social enterprises. The research is going to select relevant stakeholders through a non-purposive sampling criteria identifying individuals who have direct interest in the functioning of social enterprises. The relevant stakeholders will be expected to respond to semi structured interviews that are structured to evoke responses relevant to this area of research. The research realized that Social enterprises in Birmingham are a critical player in the economy of UK with many individuals depending on the social enterprise industry. In addition to that, the study realised that the Covid-19 pandemic exposed social enterprises to various financial and market risks. Moreover, social enterprises were forced to make a change in their organizational structure through cost management changes and offering alternative services. However, the government came in support through provision of grants and funding to boost the social enterprise economy.

The purpose of this research is to understand the relationship between green business ethics, green finance, and sustainable business performance, and to evaluate the role of corporate social responsibility (CSR) in this relationship. The impact of the damage inflicted on nature's functioning order is being felt much more strongly today. In light of these realities, companies are required to place greater emphasis on sustainability principles not just out of financial concerns but as a result of corporate social responsibility. In this context, focusing on the role of corporate social responsibility in sustainable business performance is the main goal of this research. Quantitative research methods, specifically the cross-sectional survey method, were employed for data collection and analysis. For this purpose, a convenience sampling method was used to select 427 white-collar employees working in industries operating in Türkiye as the sample for this study. The data collected through surveys were analyzed using the AMOS 24 statistical program. The findings underscore that green business ethics and green finance have a significant impact on corporate social responsibility and sustainable business performance. Additionally, it was determined that corporate social responsibility plays an intermediary role in shaping sustainable business performance. These findings are expected to provide an important foundation that can guide both employees and managers in developing awareness about green policies and sustainability, emphasizing the importance of green policies in the working life.

This study analyzed the relationship between contextual factors, personal factors, and entrepreneurial intentions of business area students from the perspective of the Theory of Planned Behavior. Data were collected using a questionnaire applied to 229 entering the courses, and the analysis was carried out using Structural Equation Modeling (PLS-SEM). The results demonstrated that: a) H1a: education had a positive influence on the choice of an entrepreneurial career, and b) H1b: business-friendly environments reinforce this choice, influenced by broader social and cultural support. This demonstrates that environmental, factors enhance cognitive factors and the intention to undertake. The results also showed that: c) H2c: the perception of abilities to start a business, and d) H2a: the favorable evaluation of choosing an entrepreneurial career, are determining elements of entrepreneurial intentions in the studied context. However, the negative relationship between e) H1c: government incentives and the ability to start a business, and f) H2b: the influence of social and environmental on entrepreneurial intentions requires attention from universities and governments in promoting environments conducive to entrepreneurship, the choice of an entrepreneurial career and the decision of young people to get involved in sustainable business projects. In conclusion, environmental and psychological aspects have positive and significant effects on the entrepreneurial career intentions of higher education students, opening space for governments and universities to promote student entrepreneurship with the sustainability business as beliefs and values.

Cultural differences between nations lessens the degree of commerce and interactions that are performed. This could cause degredation in economic shifts, which could alter and devestate the lives of many people.

Automated Machine Learning (AutoML) is revolutionizing how businesses utilize data, making advanced analytics accessible to a broader range of organizations. By automating complex tasks like data preprocessing, model selection, and hyperparameter tuning, AutoML reduces the time and resources needed to develop and deploy machine learning models. This accelerates decision-making and enables quicker responses to market changes. AutoML empowers businesses to build accurate predictive models using sophisticated algorithms, optimizing model performance for reliable insights and better outcomes. A key advantage of AutoML is its accessibility; even organizations without a dedicated data science team can leverage machine learning, reducing technical barriers and democratizing innovation. As businesses grow, AutoML scales to handle larger datasets and more complex problems without extensive manual intervention. AutoML enhances efficiency, accuracy, and scalability, becoming a crucial driver of business innovation and success. The systematic review will examine the bibliometric literature on how AutoML can boost business, analyzing 74 academic and scientific documents from the Scopus database.

The integration of artificial intelligence (AI) technologies into business practices presents both opportunities and challenges for Sabah, Malaysia. This dynamic abstract explores the latest research problem at the intersection of AI and business in Sabah, focusing on optimizing resource allocation in agriculture and enhancing tourism experiences through AI-driven solutions.In Sabah's agricultural sector, AI holds immense potential to revolutionize traditional farming practices. With limited arable land and unpredictable weather patterns, farmers face significant challenges in maximizing crop yields while minimizing resource inputs. Through the application of machine learning, remote sensing, and IoT devices, researchers aim to develop precision farming techniques that can analyze soil health, monitor crop growth, and predict pest outbreaks with unprecedented accuracy. By optimizing resource allocation and enhancing decision-making processes, these AI-driven solutions have the potential to revolutionize Sabah's agriculture industry, promoting sustainability and resilience in the face of environmental uncertainties.Moreover, the tourism industry in Sabah stands to benefit from AI integration, particularly in enhancing visitor experiences and destination management. With its diverse natural landscapes and rich cultural heritage, Sabah attracts tourists from around the globe. AI-powered recommendation systems, tailored to individual preferences and behavior, have the potential to provide personalized travel itineraries, optimize resource allocation, and boost visitor satisfaction. Additionally, natural language processing (NLP) algorithms can analyze online reviews and social media sentiments, providing valuable insights for destination marketing and management strategies. By harnessing the power of AI, Sabah can elevate its tourism offerings, attract more visitors, and enhance its reputation as a premier travel destination.However, alongside these opportunities, challenges abound in the integration of AI into Sabah's business landscape. Concerns regarding data privacy, cybersecurity, and ethical implications must be carefully addressed to ensure the responsible and sustainable deployment of AI technologies. Furthermore, the digital divide and limited access to technology in rural areas pose barriers to widespread adoption, necessitating comprehensive strategies for capacity building and infrastructure development.In conclusion, the advancement of AI integration in Sabah's business landscape holds immense promise for driving innovation, economic growth, and sustainability. By addressing the research problems outlined in this abstract, researchers, policymakers, and industry stakeholders can collaboratively navigate the opportunities and challenges of AI integration, paving the way for a prosperous and inclusive future for Sabah, Malaysia.

This paper critically reviews the convergence between Business Ecosystem Theory and Social Network Theory in sustainability studies. While both frameworks view organizations as part of larger, interconnected systems, they can be differentiated by six key dimensions: unit of analysis, focus, decomposability, types of relationships, market segment, and worldview. To better reflect real-world phenomena, this paper argues for a new stream of theoretical convergence that is practical, reliable, generalizable, and reproducible. Specifically, it proposes shifting from interoganizational networks to interfunctional networks, which reduces complexity, enhances stability over time, and provides a clearer theoretical distinction. This is illustrated through a case study of Tesla Inc.’s ecosystem, built from data presented in the company’s 10K form, which also serves as an example of the emergence of a new strategic construct named the Business Ecosystem Footprint. This construct could assist managers in understanding where their organization stands within the network of functions, guiding them in making informed decisions about resource allocation and diversification, specifically aimed at supporting financial goals as well as sustainability and decarbonization objectives. The article concludes by suggesting potential research agendas, such as automating ecosystem mapping, exploring the constraints of the new construct, and testing new hypotheses related to firm performance.

This paper investigates the contribution of business model innovations in improvement of food supply chains. Through a systematic literature review, the notable business model innovations in the food industry are identified, surveyed, and evaluated. Findings reveal that the innovations in value proposition, value creation processes, and value delivery processes of business models are the successful strategies proposed in food industry. It is further disclosed that rural female entrepreneurs, social movements, and also urban conditions are the most important driving forces inducing the farmers to reconsider their business models. In addition, the new technologies and environmental factors are the secondary contributors in business model innovation for the food processors. It is concluded that digitalization has disruptively changed the food distributors models. E-commerce models and internet of things are reported as the essential factors imposing the retailers to innovate their business models. Furthermore, the consumption demand and the product quality are two main factors affecting the business models of all the firms operating in the food supply chain regardless of their positions in the chain. The findings of the current study provide an insight into the food industry to design a sustainable business model to bridge the gap between food supply and food demand.

Currently, there has been a tendency for companies to direct the development of their businesses following circular economy trends associated with sustainability. European Community guidelines have established deadlines for the implementation of management strategies that allow creating and maintaining an effective and resource-efficient economic system, reducing the amount of en-ergy and materials used in production. In this scenario, this study makes sense, which aims to an-alyze academic studies on these topics with the aim of understanding future trends. In this sense, the objective of this study is to understand the potential impacts on business development of the inte-gration of sustainability and the circular economy. This article uses a systematic literature review, which has the objective of gather and analyze materials from different authors, carrying out an analysis to answer a specific question. The findings indicate that CE and sustainability are con-nected and businesses should implement sustainability and CE appropriate strategies to increase their competitiveness and improve resource efficiency. These strategies may integrate innovative technologies, the use of sharing platforms, product life extension, resource recovery to minimize waste and the integration of sustainability concepts in business as well as their communication with their stakeholders to change trends and behaviors.

This article explores the results of a study on the improvement of the swiftlet house business with the goal of making appropriate legal measures for it. Area surveys, focus groups, and in-depth semi-structured interviews were among the data collection methods used. Swiftlet house entrepreneurs; central and local government officials; and citizens surrounding swiftlet houses significantly contributed to the research. Currently, the swiftlet house business is still illegal in Thailand because swiftlets are considered protected wildlife – protected by the Wildlife Preservation and Protection Act B. E. 2562 (2019). Additionally, it is not permitted to collect, damage, or occupy swiftlet nests without appropriate legal authority to do so. Moreover, there is still no legislation that specifically applies to the swiftlet house business. This study can guide the Thai Government and local governments to develop appropriate laws to govern the swiftlet house industry in Thailand.

The business practices and the vast academic research on the field have shown that even in the years of the great economic recession, there CSR and Ethics in business environment are still on the spotlight. The current study is conducted in Greece and is a cross-sector analysis. The study aims to evaluate if the concept of Carroll’s pyramid (1991) is still applied nowadays. This model expresses the business priorities, admitting that the rational business prioritizes profit as the base of the pyramid, followed by a legal way of operating, followed by ethical and philanthropic responsibilities. However, the growing interest on CSR and ethical issues may set this model on question. Baden (2016) has developed a critical evaluation that showing that the priorities have been changed. We employ a similar methodology to evaluate these priorities within the Greek business environment. A sample of 950 participants has been employed. The sample is consisted of various business hierarchy employees, from various Greek cities. The results show that despite the bad economic situation of the country, the economic responsibilities are not ranked on highest position: legal and ethical responsibilities are prioritized against economic responsibilities. These results confirm the findings of Baden (2016) and contribute on the relevant literature considering the necessity of CSR and Ethical issues in business environment nowadays.

This research discusses the business model challenges faced by cag aggregator platform models in developing countries. Technology-based platforms have been disrupting traditional businesses and rewriting the rules of the game. Ola cabs has been instrumental in shaping the Indian platform business landscape in a big way. Using case methodology the author analyses the situation and business model to present the salient features of Ola’s model. However, this paper also puts the spotlight on the inherent challenges in this model and warns the need for continuous business model innovation and service quality.

Responding to changing value creation processes in the sheet metal working sec-tor, where the complexity and interchangeability of products challenge traditional dif-ferentiation strategies, this empirical analysis explores integrating service-oriented and data-driven business models as new paths to ensure competitiveness, especially for small and medium-sized enterprises (SMEs). This study aims to capture the current state and challenges associated with the implementation of these business models in this sector. The research was conducted through semi-structured interviews with SMEs in the industry. The findings indicate that service-oriented and data-driven business models are not yet widely adopted and that manufacturing companies re-quire support in their implementation. Fields of action were identified for the industry. These are "Creating awareness and understanding", "Recognizing added value", "In-creasing company maturity" and "Understanding the change process". Cooperation between science and industry is essential in tackling these fields of action to ensure the successful integration of such business models in manufacturing companies. This pa-per identifies challenges in the fields of action that companies must address through a structured approach promoting awareness, recognizing value, improving organiza-tional maturity, and understanding the change process to successfully implement ser-vice-oriented and data-driven business models.

Global economy, financial markets and technology are on the verge of moving to a new stage of development – information society. Three major world countries the US, Russia and China will play a leading role in this process. However, the specific development path will depend on many factors, including the stability of legal systems, security of computer and financial technologies, the effectiveness of legislation. The focus of this article is to assess the current condition of the economy the major countries, to identify trends and methods of stabilization of legal systems on the basis of balance of rights and obligations of the business, suggest some methods of objective evaluation of the impact factors of the total taxes, fixed costs and the legal system dynamics on financial indicators.

This paper aims to explore differences between the perception of dark traits in formal leaders and levels of workplace stress among employees working in family and non-family businesses. Furthermore, we assess if the company nature (family-owned versus non-family-owned) moderates the relationship between the employees' perception of dark triad traits in their formal leaders and their workplace stress levels. The empirical evidence is provided by a sample of 220 Portuguese employees who responded to a questionnaire that included their perceptions of their formal leaders’ dark triad traits and workplace stress measures. All respondents work in small and medium-sized private companies with no management responsibilities and under formal hieratical supervision. The initial ideas that family firms’ employees perceive higher levels of dark triad traits in their formal leaders than non-family firms’ employees and that they also show higher levels of workplace stress than non-family firms’ employees were confirmed. The results also support the notion that higher perceptions of dark triad traits in formal leaders are related with higher levels of workplace stress of employees and that the company nature significantly moderates this relationship. These findings contribute to the research literature by addressing two aspects under-addressed in the comparison between family and non-family firms, while offering insights on the relationship between dark triad traits in formal leaders and workplace stress levels of employees.

This research investigates the intersection of family business practices and cultural heritage management in Malaysia, a country rich in cultural diversity. The study was motivated by the need to understand how family-run businesses contribute to preserving and promoting cultural heritage in Malaysia. Through a qualitative analysis, we examined the business strategies, cultural values, and operational models of family businesses engaged in cultural heritage sectors. Our findings reveal a unique blend of traditional values and modern business understanding, highlighting how these businesses play a crucial role in sustaining cultural heritage. Family businesses in Malaysia have developed distinctive approaches to cultural heritage management, blending traditional values with innovative strategies to navigate the challenges of modernisation and globalisation. This has implications for business practices and cultural preservation, offering insights into sustainable cultural heritage management in a rapidly evolving global landscape. The study underscores the importance of family business-based culture in the stewardship of cultural heritage. It argues for greater recognition of these businesses in policy formulation and heritage management strategies. It shows that Malaysia's symbiotic relationship between family businesses and cultural heritage presents a model that balances economic viability with cultural preservation, offering lessons for the business world and cultural heritage sectors globally.

The changing of banking customer preferences after Covid-19 pandemic encourages banking transformation. Neobanks emerges as innovation in banking that enter the market to compete with the incumbent banks by offering new digital experience for customer. This paper analyzes the neobanks which transformed from traditional bank, specifically its efficiency after they implement digital transformation. Efficiency is measured by using Stochastic Frontier Analysis (SFA). This study also uses Pooled Mean Group (PMG) of Panel ARDL (Autoregressive Distributed Lagged) to investigate digital transformation as one of determinants neobank’s efficiency, as well as to examine the existence of short-term and long-term relationship between digital transformation and efficiency. The SFA results show that the efficiency of the neobanks increase after they carry out digital transformation. Furthermore, from PMG Panel ARDL, it can be concluded that digital transformation is one of determinant of efficiency and there is longevity relationship between digital transformation and efficiency. In the short run, digital transformation has a significant and negative correlation with efficiency and in the long run, it has a significant positive relationship because initially digital transformation cost for operational and risk management innovation decreases the profit efficiency, but afterwards it increases the profit efficiency.

This article provides a comprehensive exploration of the electric vehicle (EV) business, investigating its current state, market dynamics, and pivotal role in sustainable transportation. It delves into factors driving EV adoption, challenges faced by the industry, and the landscape of key players. The discussion extends to investments, infrastructure development, consumer trends, and the technological innovations shaping the future. The article concludes with insights into the anticipated growth and transformative impact of EVs, emphasizing their significance in fostering a cleaner, more sustainable future for global transportation.

This exploration delves into the intricacies of decision-making in business management. It covers decision-making models, influencing factors, real-world case studies, and strategies for effectiveness. Emphasizing the role of data-driven approaches, the exploration highlights the transformative impact of effective decisions on organizational success. Challenges and pitfalls are addressed, providing insights for overcoming obstacles. The importance of mastering decision-making is underlined as a strategic advantage in the competitive landscape of business management. In summary, this exploration offers a nuanced understanding, empowering leaders to make informed choices that shape organizational destinies.

ABSTRACT: This paper provides an overview of the complex relationship between culture, gender, and business. It highlights the importance of understanding how these factors intersect and influence various aspects of the business world, including organizational practices, leadership styles, workplace dynamics, and economic outcomes. It also explores how cultural factors shape gender roles, expectations, and opportunities within the business context. Additionally, it discusses the implications of cultural influences on women's participation, advancement, and overall experiences in the business world. Understanding the interplay between culture, gender, and business is essential for fostering inclusive and diverse workplaces. Organizations that embrace cultural diversity and gender equality tend to exhibit greater creativity, innovation, and adaptability. They also benefit from increased employee satisfaction, improved decision-making processes, and enhanced financial performance. The work also examined how the values, beliefs, socialization, and team spirit of some distinct ethnic groups such as Japanese, Chinese, Jews, Igbo, and Indians have helped in the economic growth of not the groups alone but the countries where they reside. By examining these dynamics and cultures, scholars, practitioners, and policymakers can gain insights to develop effective strategies that promote gender equality, cultural sensitivity, and inclusive practices in the business world, ultimately leading to more equitable and prosperous societies.

This paper aims to explore differences in personality traits, focusing on the levels of primary psychopathy, between formal leaders of family and non-family companies as well as assessing differences in the job satisfaction levels of their employees. Moreover, we assess the relationship between the employees' perception of their formal leader’s primary psychopathy levels and their job satisfaction levels in family firms. The empirical evidence is provided by a sample of 95 Portuguese employees, who responded to a questionnaire that included their perception of their formal leader’s primary psychopathy level and job satisfaction measures. All respondents work in small and medium-sized private companies with no management responsibilities and under formal hieratical supervision. The initial idea that family firms’ employees perceive lower levels of primary psychopathy in their formal leaders than non-family firms’ employees was confirmed. However, employees of family and non-family firms did not differ in their job satisfaction levels. The results also support the notion that perceived levels of primary psychopathy in formal leaders are negatively associated with the employees’ job satisfaction levels. These findings contribute to the research literature by addressing two aspects under-addressed in the comparison between family and non-family firms, while offering insights on the relationship between primary psychopathy in formal leaders and job satisfaction levels of employees working in family firms.

Entrepreneurship education has become increasingly relevant. For some years now, the business environment for starting a new company in the Dominican Republic has been considered very propitious. This has generated that many universities have incorporated training in entrepreneurship in their study plans. This study aims to analyse whether the cognitive and affective components, the country's business environment, university training in entrepreneurship and attitudes towards entrepreneurship are antecedents of the entrepreneurial intention of university students. It also seeks to investigate the relationship between entrepreneurial intention and entrepreneurial behaviour of students. Data were collected through a structured questionnaire from a sample of 523 students who had taken courses on entrepreneurship. The data have been analysed through the SPSS and Smart-PLS programs. The results of this research highlight the importance of the affective component and attitudes towards entrepreneurship in the formation of students' entrepreneurial intentions. This reinforces the importance of cultivating positive attitudes through educational interventions. These results contribute to the understanding of the factors that drive entrepreneurial intentions among university students and provide a foundation for future research.

The Lightning Network (LN), a second-layer protocol built on top of the Bitcoin blockchain, is an innovative digital payment solution that offers increased convenience, speed, and cost-effectiveness to consumers and businesses alike. However, there is limited literature available on the characteristics of this nascent technology, the depth and breadth of the various business LN-related applications as well as relevant adoption/implementation challenges. This study aims to contribute to the understanding of the LN’s characteristics, its potential in enhancing business operations and its applicability across different sectors, while taking into account adoption and implementation challenges. We apply a narrative review methodology using a semi-systematic approach to examine new and emerging business models empowered by the LN and its characteristics, topology, performance, privacy, and security. We analyze the data to identify key themes and trends in the literature, offering a critical analysis of the strengths and weaknesses of the existing literature. Based on the findings, we provide several clusters of fruitful areas for future research directions. The findings of this study will help businesses make more informed decisions about adopting and leveraging the LN to improve their operations and enhance customer experience.

In the early 1990s, cyberfeminism emerged as an area of knowledge to discuss the connection between gender and technology. According to UNESCO, women are underrepresented in the field of science, technology, engineering, and mathematics and less than a third of women worldwide work in scientific research and development. However, this number has grown and this reality is constantly changing. In this context, using business intelligence techniques, this study analyzes data from the computer and information and communication technology market to characterize the impact of the performance of women in these areas. It is expected to show that this performance in the highlighted fields is still a challenge in Brazil.

In the coming years, digital applications and services that continue to use the country's native cloud systems will be huge. By 2023, that will exceed 500 million, according to IDC. This corresponds to the sum of all applications developed in the last 40 years. If you are the one you answered, yes! This article is for you!

The present article discusses the institutional model adopted in Brazil regarding energy production through biomass. The theoretical-empirical method is used to conclude that the model's difficulties can be overcome by adopting a network of contracts capable of subjecting renewable energy generation to an energy compensation model.

The purpose of this paper is to analyze how Green Business Models (BMs) established by small and medium enterprises (SMEs) can incorporate product and process decarbonization in their components (value proposition, creation and capture) and to what extent this incorporation is affected by SME size. We use a database comprising 1,161 observations of SMEs, 466 in 2014 and 695 in 2016. The results show that SMEs’ value propositions give an intermediate valuation to both legally required and voluntary reduction of environmental impact, irrespective of SME size and the year analyzed. Regarding value creation, SMEs adopt practically no environmental practices, and there are significant differences according to size, with more difficulties than advantages stemming from small size. The study also shows that such environmental practices are not effective in reducing carbon. This diagnosis indicates that SMEs need help from the administration if they are to play a key role in the process of transformation toward a low-carbon economy. Legislative actions involving harsher environmental protection measures might help shape value propositions that place greater importance on reducing environmental impact, whereas training actions on available environmental techniques, promotion of research on how to adapt such techniques to SMEs and the development of specific practices for SMEs might enhance environmental value creation and capture in their BMs.

In the decarbonization of the steel, cement, and chemical industry in Germany, green hydrogen is expected to play a crucial role. The utilization of green hydrogen in the production processes of said industries requires organizations to modify their business model, requiring sustainable business model innovation (SBMI). Numerous tools and frameworks that support organizations in the process of SBMI have been proposed in the literature in recent years. However, the applicability of these tools and frameworks for steel, cement, and chemical companies that intend to utilize green hydrogen to produce their goods remains unexplored. By conducting a systematic literature review on tools and frameworks for SBMI, a literature and practice review to identify and analyze existing green hydrogen projects of steel, cement, and chemical companies, and an evaluation of the identified tools and frameworks in an evaluation matrix, this paper aims to assess the suitability of SBMI tools and frameworks for steel, cement, and chemical companies that plan to use green hydrogen to produce their goods. Based on the evaluation, the Cambridge Business Model Innovation Process (CBMIP) was identified as the most suitable SBMI framework.

The goal of Man and the Biosphere (MAB) Programme is to support sustainable development through effective management, innovative technologies, policy suggestion and governance. Today, the concept of Biosphere Reserves plays an important role in scientific investigations, generating knowledge, and experiences to link socio-economic development and biodiversity conservation for human well-being. This research, through an independent study which takes place in the Hungarian Biosphere Reserves of Pilis and Kiskunság aims at identifying practical sustainable business models which are suitable for supporting livelihood of locals. In this research, the two Biosphere Reserves serve as the learning sites under the light of global principles and state-of-the-art-of knowledge on sustainable development and sustainable business models. To do so, the state-of-the-art-of sustainable business model has been investigated through a comprehensive academic research. The lessons that learned from this investigation are used to support the data gathering method and planning the field trips to identify the sustainable business models currently in use at the Biosphere Reserves. This research particularly had been interested in small-sized sustainable business models practiced by small communities or families in various zones of Biosphere Reserves. First set of interviews and questionnaires designed to identify the business models in practice. The results identify foraging the wild plants in the buffer zone and transition areas as a potential sustainable business model in practice. Further interviews and surveys were conducted with foragers shows the beneficial of their practice on the local ecosystem and in increasing awareness on the deep connection with the ecosystems. The sustainable business model of foraging in addition to providing a sustainable livelihood for the locals maintains a spiritual connection between people and land. The identified sustainable business model can further be educational and practical for other 685 biosphere reserves.

In the present research, it has been tried to use the applied research bases in the field of business management with marketing orientation. Since there were wide and diverse spectrums in the field of economic activities in Isfahan province and Isfahan city, the model of economic sectors was used to categorize these activities. In this regard, the specific goals of the research in all five sectors of the model of economic sectors, drawing and prioritizing the components (indices) of the 7P marketing mix model in each of these economic sectors by the related individuals and members of subgroups of guilds and non-governmental organizations in Isfahan province, have been formed, specified and determined. Collecting data for processing and answer the question of this research, after designing a questionnaire in accordance with the AHP model standard, by spending a period of 2 months from September 2022 and ended in November 2022 , from the statistical population has been done.

The COVID-19 led to changes modifying the role of digital transformation and unleashing unparalleled opportunities to improve business production processes in all three dimensions of sustainability - economic, social, and environmental through data-driven innovative service implications that significantly impact restaurant business, resulting in an increased competitive advantage. This paper identifies the innovative service implications and summarizes sustainable social systems measures in the context of strategic management in the restaurant industry triggered by COVID-19. Based on in-depth interviews with sixteen key experts in the restaurant industry, the paper clarifies and concretizes the rapidly transforming problem of identifying the main changes in the restaurant business, using three dimensions: consumer demand, corporate strategy optimization, and the use of the company's innovative potential. The findings reveal how companies need to expand their digital strategies and adapt their management approach to all stakeholders bringing sustainable business development in the post-pandemic period into focus. This paper serves as a framework for understanding the digital transformation role in resilient business management within restaurant social systems, with friction occurring along the workflow from kitchen to customer.

Configurable process models are frequently used to represent business workflows and other discrete event systems among different branches of large organizations: they unify commonalities shared by all branches and describe their differences, at the same time. The configuration of such models is usually done manually, which is challenging. On the one hand, when the number of configurable nodes in the configurable process model grows, the size of the search space increases exponentially. On the other hand, the person performing the configuration may lack the holistic perspective to make the right choice for all configurable nodes at the same time, since choices influence each other. Nowadays, information systems that support the execution of business processes create event data reflecting how processes are performed. In this article, we propose three strategies (based on exhaustive search, genetic algorithms, and greedy heuristic) that use event data to automatically derive a process model from a configurable process model that better represents the characteristics of the process in a specific branch. These strategies have been implemented in our proposed framework, and tested in both business-like event logs as recorded in a higher educational ERP system, and a real case scenario involving a set of Dutch municipalities.

Despite extensive research on sustainable business models and the development of various tools to facilitate their implementation, barriers persist particularly concerning the governance of a local ecosystem of actors. In this paper, we bridge the literature on sustainable business models with a literature stream on governance arrangements. We analyze these governance arrangements through a qualitative study focusing on the development of two local energy systems –anaerobic digestion and district heating– by a global energy company. Our study shows the importance of securing collaboration to govern interdependencies in the ecosystem. We identify that a facilitating public policy framework combined with internal institutional, strategic and operational drivers linked to the governance of local ecosystems is crucial for the implementation of local sustainable business models.

This research investigates the influence of yoga on social intelligence and academic performance of business students. Employing a randomised controlled experiment with Executive MBA participants, the research explores the mediating role of mindfulness in these relationships. Results indicate that yoga positively influences social intelligence, decision-making skills as reflected in case study scores, and overall academic performance. Mindfulness is found to partially mediate these relationships, accounting for a significant portion of the observed effects. The study reveals that yoga directly contributes 43% to increased social intelligence, with improved mindfulness accounting for 57%. Similarly, yoga directly accounts for 46% of improved academic achievement, while enhanced mindfulness contributes 54%. These findings suggest that incorporating yoga into business education curricula could potentially enhance both the interpersonal capabilities and academic outcomes of students, preparing them more holistically for the challenges of the modern corporate world.

The integration of the Internet of Things (IoT) and Distributed Computer Systems (DCS) is transforming business models across industries. IoT devices enable real-time monitoring of equipment and processes, reducing downtime and enhancing efficiency. In the case, manufacturing companies use IoT sensors to monitor machinery, predict failures, and schedule maintenance. Also, automation via IoT, reduces manual intervention, resulting in boosted productivity in smart factories and automated supply chains. IoT devices generate thus vast amounts of data, which businesses analyze to gain insights into customer behavior, operational inefficiencies, and market trends. In turn, distributed computer systems process this data, providing actionable insights and enabling advanced analytics and machine learning for future trend predictions. While, IoT facilitates personalized products and services by collecting data on customer preferences and usage patterns, enhancing satisfaction and loyalty, IoT devices support new customer interactions, like wearable health devices, and enable subscription-based and pay-per-use models in transportation and utilities. Conversely, real-time monitoring enhances security, as distributed systems quickly respond to threats, ensuring operational safety. It also aids regulatory compliance by providing accurate operational data. In this way, this study, through a Bibliometric Literature Review (LRSB) of 91 screened pieces of literature, aims at ascertaining to what extent the aforementioned capacities enhance business models. The study concludes that those systems leverage businesses, promoting competitive edge, continuous innovation, and adaptability to market dynamics. A review of 91 academic documents from the Scopus database highlights these impacts.

This study proposes a prototype (Business Intelligence) for monitoring the continuing education of indigenous health professionals at the Secretariat of Indigenous Health (SESAI) of Brazil’s Ministry of Health (MS). The prototype builds on SESAI/MS staff knowledge and takes into account the char-acteristics and demands of the 34 Special Indigenous Health Districts (DSEIs). The prototype provides information for managing SESAI/MS continuing education in order to meet strategic goals. By im-proving the effectiveness and efficiency of the continuing education of professionals who serve Bra-zil’s indigenous population, we will be acting directly on access issues and improving the quality of life of the indigenous population.

Asia has formally entered the big data era thanks to the ongoing advancement of information technology. the company business management has discovered bright operations management based on technological advances, and the arrival of the big data era has improved work efficiency and brought about a number of economic benefits while also posing a number of challenges, such as the ongoing expansion of business scope. The business's current management model is unable to keep up with the demands of development as its scope continues to grow. The primary development trend for the future is the integration of intelligence technologies with enterprise business management, big data technology application in corporate business management promotes fairness, transparency, and justice across corporate development and consumer activities; it also facilitates the production of goods and the creation of value for products in the direction of socialization. In order to further deepen the understanding of artificial intelligence among relevant personnel, we aim to further elaborate the future growth direction of the application of artificial intelligence in the field of enterprise business management in this paper, which begins with an in-depth awareness of the current situation of the combined use of artificial intelligence technology and big companies’ business management. We then focus on the utilization path of artificial cognitive ability technology in businesses business management.

Metaverse has become an emerging trend for both academia and industry, and it seems to concern the next generation of the Internet. Although it is still in its grassroots, metaverse is estimated to bring disruption to people’s lives. One of the effects concerns the generation of new value oppor-tunities that don't exist in real life. These new types of value as well as their impact on people's lives must be explored. In this respect, this paper utilizes literature evidence to define the value types of metaverse, which are circulated with experts from the focus group on metaverse of the Interna-tional Telecommunications Union. Results uncover economic, public, and social values that metaverse generates, which can ensure its financial viability and the community's social sustaina-bility. The economic value sources come from both the industrial and the commercial sectors, while the public values concern citizen empowerment and government efficiency. The social values of metaverse concern employment growth, and the provision of immersive experiences in enter-tainment and education environments. Finally, this paper critically reviews their role for envi-ronmental, economic, and social sustainability. The literature review indicated that metaverse can on the one hand, enhance sustainability but on the other hand, it can cause environmental impact.

The construction business environment is becoming competitive and intense, and Business Models (BMs) are receiving considerable attention as potential sources of sustainable survival and growth. Converse to the linear economy model that industry follows, the Circular Economy (CE) has the potential to create a sustainable construction industry, while creating a sustainable business environment in construction organisations. Nevertheless, in traditional BMs, value is often concentrated on the financial value for the stakeholders; in Circular Economy Business Models (CEBMs), value is seen more broadly by considering a comprehensive range of value chain partners, the environment, and the society. Hence, implementing CE in the construction industry requires reforms in each value chain. Thus, the aim of this paper is to develop a conceptual model for construction organisations' adoption of CEBMs for their organisations. To accomplish the aim, the objectives of this paper are twofold: (i) to define the concept of CEBMs, and (ii) to map the Conceptual CEBMC (Circular Economy Business Model Canvas) as applicable in the construction organisational context. This research adopted a systematic document review, including a content analysis of selected papers. The study contributes significantly by proposing a CEBMC, in which construction organisations could successfully transform their businesses from linear to circular environments.

This study investigates the impact of financial integration on international dynamics from the perspective of volatility shocks. To achieve this, I employ an IRBC model with time-varying volatilities, recursive preferences, and a global bank. The model demonstrates that volatility shocks trigger precautionary saving incentives, but the specific effects vary based on the type of shock. In the presence of productivity volatilities, countries with a higher level of financial integration exhibit greater divergence in their business cycles, while financial integration tends to result in more synchronized business cycles in the face of financial volatilities. Disregarding volatility shocks would underestimate the impact of financial integration on the comovement of business cycles across countries. Furthermore, welfare analysis also indicates that financial markets play a crucial role in enhancing social welfare, regardless of the type of volatility.

Keywords: AI Readiness Assessment; Business Processes; and Data Infrastructure.

As a typical form of value co-creation, crowdsourcing has been increasingly applied by firms to generate business value. By engaging a crowd, a platform, and other stakeholders, a crowdsourcer can foster the co-creation of a portfolio of value for diverse stakeholders. In analyzing the value co-creation in crowdsourcing, we propose a framework by combining the theories and frameworks in value co-creation and crowdsourcing. The framework examines the key stakeholders, joint purpose, engaged value co-creation processes, contributions, bidirectional relationships of the engagement, and perceived value, exhibiting a holistic view of the value co-creation in a crowdsourcing project. Results of the analysis reveal the business performance of the crowdsourcing project and identify areas of improvement regarding business sustainability. This is a major theoretical contribution of this study. The research design applied a case study approach to empirically investigate a crowdsourcing project. Both the theoretical and practical implications are discussed.

As a representative of Exponential Organizations, MI went from obscurity to the Fortune 500 in just ten years. Mi's success is inextricably linked to its outstanding business model. This paper summarizes the elements of MI's business model from four perspectives: value proposition, value creation, value delivery, and value capture, as well as its measures for developing into an exponential organization. Expecting to provide theoretical references for the transformation and upgrading of manufacturing organizations.

This study aims to determine the Implication of innovation, proactivity, risk-taking, artistic orientation, and financial literacy on creative economy businesses during the COVID-19 pandemic. This was conducted on 120 creative economy businessmen in Bandar Lampung City, which is a miniature of Indonesia with multiethnic cultures. The results showed innovation is not significant, but proactive attitude, artistic orientation, and financial literacy have a significant implication on the performance of creative economic businesses during the Covid-19 pandemic.

Building an ethical culture is challenging and a basic requirement of the companies to embed transparency in their systems, creating a positive image; serving the internal and external communities. This paper based on detailed interviews of 12 family owned businesses over a period of 16 months explores how these companies build the ethical culture, identifying the ethical culture sustainability triggers, challenges and role of religion in such practices. The values, culture, community and social norms are identified as major ingredients of a sustainable ethical culture development and implementation of the ethical policies and procedures require institutional and structural mechanisms for effectiveness in family owned businesses. The findings at numerous occasions are in contrast to the literature, whereas, in other instances are similar. The religion, society, family image, the entrepreneurs themselves and their family members play a vital role. Non-interference in private matters of the employees, whistle blowing, code of ethics, training and awareness creation and a number of other factors play a leading role in ethical culture development in family businesses.

Over the last twenty years, library publishing has emerged in higher education as a new class of publisher. Conceived as a response to commercial publishing practices that have strained library budgets and prevented scholars from openly licensing and sharing their works, library publishing is both a local service program and a broader movement to disrupt the current scholarly publishing arena. It is growing both in numbers of publishers and numbers of works produced. The commercial publishing framework which determines the viability of monetizing a product is not necessarily applicable for library publishers who exist as a common good to address the needs of their academic communities. Like any business venture, however, library publishers must develop a clear service model and business plan in order to create shared expectations for funding streams, quality markers, as well as technical and staff capacity. As the field is maturing from experimental projects to full programs, library publishers are formalizing their offerings and limitations. The anatomy of a library publishing business plan is presented and includes the principles of the program, scope of services, and staffing and governance requirements. Other aspects include production policies, financial structures, and measures of success.

The small business sector in Kazakhstan demonstrates dynamic growth, but its sustainable development in modern conditions requires activation from government agencies, society and entrepreneurs themselves The purpose of the article is to study the development of small entrepreneurship in Kazakhstan and develop a mechanism for sustainable development based on network interaction "business entities - society-state" with the identification of priority areas of development based on a rating approach. The methods of bibliographic analysis of scientific literature, statistical, correlation analysis, survey, comparative analysis, ranking based on data normalization were used. The results revealed the need to formalize indicators of sustainable development of the small business sector in strategic development programs; create conditions, support, explain the importance and prospects of investing in sustainable innovations by small businesses; form a balanced strategy for achieving carbon neutrality based on network interaction "business entities - society-state" with the identification of priority areas of development based on a rating approach to ensure transparency and publicity of decisions made. Conclusions are made about the need to popularize sustainable development among business entities, stimulate investment activity through government participation, legislative regulation of public presentation of non-financial reporting, and assist society in the formation of an ESG culture.

The article investigates the impact of the Environmental, Social, and Governance (ESG) criteria on the current tax systems worldwide. The ESG principles, although yet to be codified in hard law in most countries, are gaining increasing prominence in shaping business practices and policies. The article explores how these principles might influence the interpretation and application of existing tax rules, even without explicit legal mandates. It delves into four key areas where ESG considerations could play a significant role: the calculation of business income, transfer pricing regulations, the application of anti-avoidance rules, and the interpretation of the "business purpose" test. It argues that ESG principles, by redefining the purpose of a business beyond mere profit maximisation, could lead to a broader understanding of deductible costs, influence transfer pricing decisions, and impact the application of anti-avoidance measures. It concludes by emphasising the potential of ESG principles to shape the future of taxation, promoting a more sustainable and equitable approach to economic growth.

In the past ten years, the generative artificial intelligence trend has evolved from simply enhancing the creation of audiovisuals using generative adversarial networks to becoming an entirely disruptive force, transforming operations in various industries and markets, including education and business. The introduction and subsequent widespread popularity of Open AI’s ChatGPT in 2022 raised concerns about the use of Generative AI in professional spaces and its impact on authenticity, innovation, data privacy, and integrity. This study seeks to assess the current applications of this disruptive technology in corporate America and build on that knowledge to provide insight into the current innovative practices and the factors driving its use. The research will further outline some risks associated with generative AI technology in business functions and industries and how this technology is being misused in industries worldwide. Following these revelations, recommendations will be made on the need for regulations surrounding the use of generative AI and the future of this technology for researchers and corporations alike. This study aims to equip corporate strategists and leaders with the knowledge needed to embrace AI, be aware of its possible challenges, and find the best ways to use Generative AI to gain competitive advantage. In addition, it seeks to further equip technology experts and professionals with key information about Generative AI to help them make informed choices when working. The study also aims at research management experts and personnel as it contains vital information that will set the foundation for future research.

This paper examines the use of business maturity models as a tool for achieving business maturity and improving organizational performance in a rapidly changing business environment. Specifi-cally, the paper evaluates existing maturity models and methodologies, analyzes their effective-ness, and develops a novel and enhanced model tailored to the oil and gas sector. The authors highlight the importance of considering fundamental factors that underlie the implementation of maturity models and the need to evaluate their fit with organizational goals and values. The pa-per concludes by emphasizing the ongoing nature of business maturity and the effectiveness of theproposed Business Maturity Framework (BMF) model in enhancing operational excellence, competitiveness, and sustainable growth in the oil and gas industry. The paper makes a notable contribution to the specialized literature precisely through the differ-ent approaches to the business maturity process and through the proposed business maturity model itself as a base of strategy formulation, which includes a new dimension. This dimension analyzes whether the market and customers are ready for the level of digitization that the com-pany wants to achieve in a future state.

The concept of biorefinery constitutes a significant contributing factor to the emerging transition towards a sustainable bioeconomy. In such a context, replacing oil and petrochemicals by biomass may involve several feedstocks, platforms, processes, technologies, as well as final products. This paper concentrates in the complex process of transferring the concept of biorefinery from laboratory to industry, and sheds light on the techno-economic, and complexity management dimensions involved in this endeavor. Towards this end, adopting a systems perspective, the paper presents a structured and comprehensive framework, comprising of the definition of the transformation process, business model development, technoeconomic assessment and strategic positioning and viability assessment, which may be employed to facilitate the engineering at-large and launch of a biorefining venture in a circular bioeconomy context. The framework is applied in the context of a biorefinery plant in a specific region in Southern Greece, which is based on the valorisation of olive mill wastewater (a ‘strong’ and quite common industrial waste in Mediterranean Basin), and produces biopolymers (PHAs) and bioenergy (H2).

In most organizations there is an information system where data is recorded regarding events, activities, times, and variables associated with the execution of all organizational processes; this information is generally not used to its maximum potential, limited only to the registration of processes. With process mining, a field of engineering research, responsible for the design of processes through mining algorithms, it is possible to characterize bottlenecks, reprocessing, and opportunities for improvement in organizational processes. In this article, the construction of the collection and billing process is carried out in a case study of the Colombian Pharmaceutical sector supported by process mining and business intelligence. The objective of this research is oriented to the construction of the real process of a case study of the pharmaceutical sector in Colombia supported by the alpha mining algorithm, within the framework of process mining and business intelligence to facilitate decision-making at an organizational level. The result of this research is the proposal of a methodology to implement process mining in organizations in the pharmaceutical sector in Colombia supported by the Design Science Research (DSR) methodology and the construction of the real process in the billing and collection case study in the pharmaceutical sector supported by process mining, business intelligence is also used to complement the points of improvement of the accounting process in the case study. In conclusion, the artifact built in DSR shows a rigorous methodology from obtaining data, and types of documents that make up the knowledge base to proceeding to the application of the alpha mining algorithm that built the real billing and collection process of the case study, in which points of reprocessing and activities susceptible to improvements in the case study are evident. As a contribution, this article develops an alternative approach that contributes to the knowledge gap related to the actual construction of billing and collection processes in organizations, which generates an impact an alternative paradigm in the construction of organizational processes, by proposing a methodology that Builds a billing and collection process through process mining complemented by business intelligence.

Businesses use technological and social media marketing to respond to the Covid-19 pandemic. This study aims to understand better the factors that impact the spread of new technologies, the effectiveness of social media advertising, and the longevity of businesses. The study used a quantitative strategy based on partial least squares structural equation modeling to learn about the phenomenon of interest as much as possible. Dhaka, Bangladesh, small and medium-sized businesses participated in the survey. According to the findings, the popularity of internet and e-business technologies may be attributed to their apparent usefulness and ease of use. It is connecting internet/e-business technology, social media marketing, and the long-term success of small and medium-sized enterprises. Still, the expense factor was insufficient to prove that SMEs engage in social media advertising. Mediating effects between components may be better understood via internet/e-business technology and social media marketing, as shown by this study. This study is the first of its kind in Bangladesh and sheds light on the resilience of SMEs in the face of the Covivirus-19 pandemic, notwithstanding its focus on the capital city of Dhaka.

This study aims to explore significant present and future trends in accounting and corporate sustainability by examining publications from the Web of Science database spanning from 2010 to 2023. With a particular focus on research related to the digital business environment, the study employs bibliometric analysis grounded in the resource-based view theory to investigate the evolution of auditing and digital accounting research. Utilizing the VOSviewer tool, the study analyzes keyword relationships and their geographical distribution based on a comprehensive examination of 700 publications from the Web of Science. The findings highlight the transformative impact of auditing and digital accounting on business operations in response to rapid digitization. Key clusters identified shed light on digital transformation and the intersection between information technology and corporate management, revealing the evolving research landscape. The study discusses both practical and theoretical implications arising from these findings.

The purpose of this study was to determine the income, costs and revenue of the Gontor Putri 3 bakery. Want to know the efficiency of the bakery business in Karangbanyu Regency. The method used in this research is analytical descriptive by conducting a survey. The data used in this research is primary data. Data collection techniques use observation, interviews and documentation, while the process of analysis is quantitative descriptive. Using the R/C ratio, a value of 1.72 per month is obtained. This value indicates that the bakery factory in Karangbanyu is efficient because the value is more than one.

This paper is introducing KABADA (Knowledge Alliance of Business Idea Assessment: Digital Approach) unique tool, together with opinions of young people about entrepreneurship, their skills and experience with this tool. The focus is on non-business students who study natural sciences, engineering and other areas at the Faculty of Forestry and Wood Technology at Mendel University in Brno, Czech Republic. KABADA tool has been developed and tested by a team of international experts. It can be used to improve forester management. This structured, Web-based, platform which is based on theoretical research, relevant statistics, and artificial intelligence insights, guides entrepreneurs through every step of the way including what challenges and opportunities lie ahead. The research included survey answers from 60 university students before and after using KABADA tool. The results show that students are interested in entrepreneurship but do not have the knowledge, experience and support from curriculum. Majority of students had no or very low experience with entrepreneurship nor any entrepreneurship training or study course before. After using the tool, students declared to have higher knowledge of entrepreneurship and the number of students who intended to become an entrepreneur increased. The tool is available on-line, free of charge.

During the past few years many projects and initiatives were undertaken deploying and testing automated vehicles for public transportation and logistics. However in spite of their ambition, all of these deployments stayed on the level of elaborated experimentation deploying no more than 4 maximum 5 AVs in rather small sites (few Kms of roads) and never really reached the level of large scale “commercial” deployment of transport services. The reasons for this are many, but the most important being the lack of economically viability and commercially realistic models, the lack of scalability of the business and operating models, and the lack of inclusive citizen/user centric services required for the large end-user acceptation and adoption of the solutions. In this paper, based on the experience gained in the H2020 AVENUE project, we present the missing pieces of the puzzle, ad which will be addressed in the Horizon Europe project ULTIMO.

The article explores the subject of information and accounting solutions for accounts receivable management that include appropriate accounting solutions and analytical techniques. The study focuses on the statutory framework for accounting for accounts receivable under the Russian Accounting Standards (RAP), International Financial Reporting Standards (IFRS), and the generally accepted accounting principles (GAAP). The analytical techniques are described in the context of the authors' view on the essence of accounts receivable management that implies analysis, the establishment of a credit policy and of a discount policy. The article places emphasis on the use of available information technology for accounts payable management, such as blockchain-based smart contracts.

Existing research has focused on discussing various issues in isolation, e.g., climate change or deglobalisation, without capturing the geo-political, legal, socio-economic, and technological implications in a holistic manner, especially in China and Southeast Asia. This has hindered the derivation of clear guidelines to navigate the business environment in the next decade, thus leaving the business world with fragmented theories and concepts that are hard to amalgamate and turn into tangible business strategies. Thus, this study illustrates the key challenges that are likely to influence the stability and sustainability of the global business environment by 2030, as well as suggests the main business strategies to leverage to mitigate them. This contribution, for the first time, proposes an alternative holistic approach by highlighting the key threats to global business in the next decade, as well as suggesting clear action points to account for the main ones from geo-political, legal, socio-economic, and technological standpoints in a unified theory. Local and more tailored strategies are described and discussed as referred to various industries to help in navigating a deglobalised and more competitive market by 2030.

Responding to the influences of climate change, on the one hand, and selected benefits of digital technology, on the other hand, an energy transition of global scale appears to be underway. Many observers project that a significant element of the energy transition will be a growing dependence on electricity, a dependence possibly doubling by 2050. Such a transformation, however, would likely require re-configuring the architecture of complex, centralized electricity grids, an artifact of a context of more than a century ago. In concert with the energy transition, we argue to modify the objective of the electricity grid to enable efficient, pervasive optimization in local service areas that provides incentives for users to be efficient in their energy use. At the core of our argument is the presentation of economic incentives denominated in an electricity-backed commodity currency such that incumbent electricity generators could augment their economic purpose of electricity production and electricity distribution to include financial intermediation. A direct consequence of this institutional transformation is the opportunity for all users to generate wealth. There are others who have been inspired to conjure ways that energy could be a candidate currency. Our argument is distinctive, though, in exploiting how an institution (the power grid system) could be repositioned and how all agents in the system could benefit by the institutionalization of electricity as money.

Firms are increasingly organized around the client. At the same time, there is customer pressure on green and sustainable organizations. The purpose of this paper is to map the current state of the research in the domain of customer-centric organizations from a sustainable perspective. We conducted a bibliometric analysis from published documents between 1990 and 2020. Key findings indicate that research on customer centricity and sustainability has increased in recent years and that the topic is structured into 3 clusters: (1) Sustainability; (2) Customer-Centric Perspective, and Sustainable Development; and (3) Customer Experience and Sales. Moreover, new concepts and technologies have been introduced during the last three years. The implementation of a bibliometric methodology and the focus given to the definition, the relationships, and the evolution of the three main clusters within the topic are the characteristics that differentiate our study from other publications or reviews in the field of research. This paper is beneficial for practitioners who aim to deploy the customer centricity approach in their firms from a sustainable perspective.

Increased smart devices in various industries is creating numerous sensors in each of the equipment prompting the need for methods and models for sensor data. Current research proposes a systematic approach to analyze the data generated from sensors attached to industrial equipment. The methodology involves data cleaning, preprocessing, basics statistics, outlier, and anomaly detection. Present study presents the prediction of RUL by using various Machine Learning models like Regression, Polynomial Regression, Random Forest, Decision Tree, XG Boost. Hyper Parameter Optimization is performed to find the optimal parameters for each variable. In each of the model for RUL prediction RMSE, MAE are compared. Outcome of the RUL prediction should be useful for decision maker to drive the business decision; hence Binary classification is performed, and business case analysis is performed. Business case analysis includes the cost of maintenance and cost of non-maintaining a particular asset. Current research is aimed at integrating the machine intelligence and business intelligence so that the industrial operations optimized both in resource and profit.

Many countries have been facing the problem of bank insolvency across the globe. Asset deterioration is one of the main reasons for insolvency of banks. The objective of the paper is to ascertain the determinants of nonperforming loans (NPLs) in the banking sector of Pakistan for the period 2006-16. Other than the bank specific and macro variables proposed by the literature, the roles of weighted maturity and output gap are for the first time examined. We find significant impact of output gap on NPLs however weighted maturity has insignificant role in shaping the future NPLs. Bank specific drivers of NPLs include bank size and capital adequacy ratio.

The need to consider sustainability has substantially increased the complexity of implementing construction and infrastructure projects and new management practices have emerged during the past decade to tackle the global sustainability challenges, where the engagement and coordination of broader competences from stakeholders throughout the supply chain is required. This new project management paradigm has been accompanied by greater attention to the concept of collaborative business arrangements, often called partnering, that has emerged in construction and infrastructure projects to improve project deliveries. However, there are uncertainties about the optimal strategy to foster, integrate and maintain the required collaboration, particularly in sustainable management practices in infrastructure maintenance projects. This paper addresses these uncertainties, based on a single case study of an infrastructure maintenance contract involving an extensive collaborative business arrangement. The findings reveal that different collaborative practices affect diverse aspects of sustainable project management. Further, the extensive collaborative business arrangement has promoted sustainable deliveries based upon organizational learning and continuous improvements. Thus, this study offers an encouraging example of how extensive collaboration can be fostered and play a key role in sustainable project management practices.

The aim of this paper is to attempt to understand why the popular academic and policy field of promoting, studying and evangelising “entrepreneurship” should have been associated with great success but, in the past twenty years or more in many advanced economies, so much failure. From the US to lesser and developing countries, emerging economies and the European Union, entrepreneurship, especially in regard to start-ups and particularly high-tech start-ups have been in constant more or less recent decline. This is seldom registered in the mainstream literature where a positive and benign profile is generally presented. The paper examines this phenomenon, ties it partly with the “productivity paradox” and seeks tentative hypotheses in relation to the apparent illusions if not delusions regarding “entrepreneurship”.

Social Business Intelligence (SBI) enables companies to capture strategic information from public social networks. Contrary to traditional Business Intelligence (BI), SBI has to face the high dynamicity of both the social network contents and the company analytical requests, as well as the enormous amount of noisy data. Effective exploitation of these continuous sources of data requires efficient processing of the streamed data to be semantically shaped into insightful facts. In this paper, we propose a multidimensional formalism to represent and evaluate social indicators directly from fact streams derived in turn from social network data. This formalism relies on two main aspects: the semantic representation of facts via Linked Open Data and the support of OLAP-like multidimensional analysis models. Contrary to traditional BI formalisms, we start the process by modeling the required social indicators according to the strategic goals of the company. From these specifications, all the required fact streams are modeled and deployed to trace the indicators. The main advantages of this approach are the easy definition of on-demand social indicators, and the treatment of changing dimensions and metrics through streamed facts. We demonstrate its usefulness by introducing a real scenario user case in the automotive sector.

This study provides a global comparative analysis of employability and business skill demands across various regions and educational levels, focusing on business studies within tertiary education. By examining data on employment, unemployment, and inactivity rates for individuals with bachelor’s, master’s, and doctoral degrees, the paper identifies significant regional and gender disparities in labor market outcomes. Southern Europe and Asia-Pacific exhibit higher unemployment rates among graduates, particularly women and older individuals, while Northern and Western Europe show more favorable employment trends. The study also explores the varying demand for essential business skills, such as administration, financial management and sales/marketing across high and upper-middle-income regions. High-income regions prioritize advanced skills in financial management and marketing, whereas upper-middle-income countries focus on process optimization and administration. Gender disparities persist globally, with women facing higher unemployment rates despite educational attainment. The findings highlight the importance of aligning educational systems with labor market needs and addressing gender inequalities through targeted policies. This analysis informs workforce development, educational planning, and policymaking aimed at improving employment outcomes in diverse economic contexts.

There is a growing urgency to address society’s complex issues, many of which are incorporated within the Sustainable Development Goals (SDGs). Higher education has a special role and responsibility to support and promote these goals. The SDG framework helps students understand SDGs, but special competencies are necessary to address them effectively. Sustainability competencies impart the personal/emotional development missing from current programming, but higher education institutions have been reluctant to introduce them into the curricula. This study examines the ongoing debate about integrating sustainability competencies into higher education curricula. We employed a scoping review to synthesize the current issues and highlight key barriers to changing the curricula. Contrary to a commonly expressed theme in the literature, scholarly opinion has converged around a singular model for sustainability competencies, the framework proposed by Wiek et al. (2011) and the 2021 update. Integrating sustainability competencies into management education responds to SDG-4 (quality education) and yields far-reaching impacts. The interconnectedness of the goals means that students acquire the competency to understand, address, and promote various SDGs. Given the absence of a policy decision to integrate sustainability competencies into higher education curricula, this paper provides a timely summary of the issues to focus on discussion and potential action. The focus is on business schools and changing management education. Business schools have been selected given the heightened demand from society for businesses to be more involved in and share responsibility for complex global issues like sustainability.

The intersection of pedagogy and business models offers a compelling framework for enhancing educational outcomes through strategic innovation and operational efficiency. This is the first study that explores integrating value-based business models into pedagogy, proposing four models: Value Positioning (critical thinking, AI-oriented), Value Delivery (actionable thinking, inquiry-oriented), Value Capture (analytical thinking, sustainability-oriented), and Value Propo-sition (creative thinking, project-oriented). These models aim to foster student engagement, op-timize resource allocation, and drive institutional growth, aligning educational objectives with market demands to prepare learners for future workforce challenges. For instance, Business An-alytics courses, under the Value Delivery category, emphasize actionable thinking. It secures low to middle-level jobs but lacking global decision-making power in value positioning for Finland and the UK. Integrating principles of customer-centric design, continuous improvement, and competitive differentiation, educational leaders can create responsive and impactful learning environments. Value-based business models enhance educational practices by providing a structured and quantifiable approach to improving teaching and learning outcomes. A symbiotic relationship between pedagogical theories and business strategies can lead to innovative educa-tional practices, improved student graduation outcomes, and sustainable success for institutions and countries. This alignment ensures educational programs remain relevant to current market needs and adaptable to future challenges and opportunities.

Generative adversarial networks (GANs) have become a recent and rapidly developing research topic in Machine Learning. Since their inception in 2014, a significant number of variants have been proposed to address various topics across many fields, and has particularly excelled not only in image and language processing, but also in the medical and data science domains. In this paper, we aim to highlight the significance and advance that these GAN models can introduce in the field of Business Economics, where they have yet to be fully developed. To this end, a review of the literature of GANs is presented in general together with a more specific review in the field of Business Economics wherein only a few papers can be found. Furthermore, the most relevant papers are analysed in order to provide an approach the opportunity to research into GANs in the field of Business Economics.

Grand challenges represent wicked problems that affect many people globally. To overcome grand challenges and sustain our existence as human beings, issues have become increasingly central, and in recent years have led to an increase in research and literature on grand challenges affecting both international business areas and multinational enterprises. The aim of this study is to assess the status of literature in all areas connected to multinational corporations and grand challenges, which are global issues with significant implications. From 2013 to 2023, the WoS database was used to investigate eight search terms from literature, and bibliometric and thematic analyses were carried out based on the principles of systematic literature analysis. The most focused areas of the research are performance, multinational enterprises, foreign direct investment, management, firms’ innovation, knowledge, international business, and impact. Asian, African, European, and other countries may emerge together in different clusters depending on whether the major challenges they are struggling with are similar or identical. the terms of grand challenges and innovation (open and social), technology transfer, R&D internalization, digital transformation or technology and artificial intelligence in the literature of multinational enterprises indicates that these themes are used as a tool to solve grand challenges.

Entrepreneurial activities in economic and social domains are considered one of the conditional pillars for successful transformation of resource-rich countries to sustainable, knowledge-based and diversified economies. However, there is no, and cannot be, a single recipe for such a transformation as every country or region needs to develop its own strategy, policy toolbox and implementation plan depending on its historical and present socio-economic make up and trajectory. This paper advances the qualitative findings of a previously published work to delve deeper into the complexities of entrepreneurship within resource-based economies, with a particular focus on Qatar. Employing a mixed methodology that blends explanatory and quantitative analysis, this paper aims to validate and refine the entrepreneurship framework proposed previously, ensuring its relevance and adaptability to Qatar's unique economic and cultural context, and its extendibility to similar resource-rich country settings. It systematically focuses on discovering various social, economic, and environmental dimensions critical to fostering entrepreneurship in resource-rich countries. These include examining government policies, cultural and social factors, financial support mechanisms, innovation ecosystem, technology adaptation, and digitization. A primary component of this study is the methodological approach, which includes collecting and analyzing quantitative data through a survey developed based on previous findings on qualitative explorations. This approach allows for an objective assessment of the effectiveness of the proposed recommendations. The paper presents a set of detailed recommendations aimed at various stakeholders, including government bodies, supporting agencies, and entrepreneurs themselves. These recommendations encompass integrating entrepreneurship education into academic curricula, increasing easy access to business and market information, simplifying, unifying and streamlining policies and procedures, and adapting them into the legal system. Other important and unique recommendations include establishing a country-wide entrepreneurship free-zone (Ent-Q) and facilitating its operations though an online digital platform (Ryadah), allocating certain percentage of governmental ministries’, agencies’ as well as large corporations’ budgets into innovative small business development programs and preferred purchasing from small business. These initiatives are validated to become effective tools and avenues to create a conducive entrepreneurial environment, facilitating transformation into a diversified, knowledge-based and sustainable economy. The expected outcomes of implementing these recommendations include an increase in the efficiency of entrepreneurship-related policymaking, a rise in the number, quality and impact of entrepreneurs, and the sustained diversification of the economy into non-oil/gas sectors and actors. In conclusion, this paper provides a comprehensive set of strategies and recommendations expected to significantly contribute to the nurturing and growth of entrepreneurship in resource-based economies.

This study aims to analyse whether Chinese companies' R&D investment affects management innovation performance. Also, this dissertation defines management innovation as diversification strategies such as technology and industry diversification and analyzes the impact of these diversification strategies. In particular, this paper analyzes whether R&D investment leads to technology and industry diversification and whether technology diversification creates a mediating effect in the process of R&D investment leading to industry diversification. The analysis results can be summarized as follows: First, R&D investment showed a significant positive relationship with industry diversification. Second, R&D investment shows a significantly positive relationship with technology diversification. Third, technology and industry diversification showed a positive relationship. Fourth, this study examined the mediating role of technology diversification, and it was confirmed that technology diversification plays a mediating role in the effect of R&D investment on industry diversification. R&D investment and business innovation play a key role in the sustainable development of enterprises, and the findings of this paper have important reference value for enterprises' R&D investment decision-making. The results of this study provide the following implications that Chinese companies improve business innovation performance by increasing their R&D investment, promoting innovative R&D, and improving technology diversification and industry diversification strategies.

In agriculture, the intricate relationship between innovation, productivity, and entrepreneurship is underexplored. Despite the widely recognised role of innovation in driving productivity, concrete indicators and comprehensive farm-level studies are lacking. This research aims to unravel this complexity by exploring the impact of innovation, specifically in agricultural entrepreneurship, on transformative changes in farm productivity. Using a two-stage analysis with the Malmquist Index (MI) of total factor productivity (TFP) on cereal farms from the Farm Business Survey (FBS) over 11 years, the study identifies innovators and, it assesses changes in productivity, technical efficiency, and economic efficiency. The second stage decomposes the MI to understand factors enabling innovation, including changes in technology scale. Objectives include a literature review to map innovation variables, integrating FBS data for validation and assessing productivity impacts from asset enhancements and changes in farming scale. Results reveal significant productivity variation and a moderate overall improvement. Future research directions emphasize expanded data collection on managerial behaviours and technology investments' role in efficiency frontier shifts. The study concludes by emphasising nuanced agricultural policies that leverage farmers' knowledge for innovation through enhanced management efficiency. It advocates for a departure from the 'bigger is better' mentality, proposing educational programs and support services to encourage informed decision-making. This forward-looking approach aims to inform future policies and enhance understanding of the intricate dynamics between agricultural innovation, productivity, and entrepreneurship.

In the transition towards sustainable energy sources, hydrogen has emerged as the predominant alternative after fossil fuels. This comprehensive literature review delves into the evolving landscape of hydrogen launching strategies within the energy market. Numerous countries have strategically initiated efforts to introduce products based on hydrogen, underscoring the global acknowledgment of the potential inherent in hydrogen. Despite witnessing significant growth in the adoption of hydrogen energy worldwide, impediments to its widespread commercialization persist. This review identifies key barriers, including cost structures, technical complexities, and marketing challenges, hindering the establishment of a robust hydrogen energy market. The article critically examines the actions already undertaken to harness hydrogen energy for commercial purposes, leveraging scientific insights and statistical data. By carefully examining the current state of hydrogen energy initiatives, the review highlights gaps in existing strategies that require thoughtful consideration. Insights derived from scientific and statistical analyses inform the identification of barriers and contribute to a nuanced understanding of the challenges faced in the journey towards hydrogen energy commercialization. Ultimately, the article presents a strategic proposal outlining marketing actions geared towards expediting the commercialization and widespread adoption of hydrogen energy. Grounded in a thorough review of existing literature and supported by scientific and statistical evidence, this comprehensive analysis offers valuable insights for stakeholders seeking to navigate the intricate landscape of hydrogen energy in the global energy market.

Artificial intelligence (AI) technologies, particularly the subfield of machine learning (ML), has been expected to bring significant benefits to all sectors of business and public services. The manufacturing industry is considered one of the domains most likely to benefit from AI tech-nologies. During the recent years, there has been a growing research and development effort on machine learning–based solutions for manufacturing industries, as shown by the growing number of research publications. However, the business, environmental or societal benefits of applying ML in manufacturing industry have not been reviewed and evaluated. This paper re-views the reported benefits of ML in the manufacturing industry by analysis of scientific publi-cations. The focus of the review is on research papers that were published from 2017 to 2021. The review pays particular attention to the industry sector, manufacturing operations, machine learning methods used, maturity of results and the benefits pursued and achieved. The benefits are divided into business benefits, environmental sustainability, and societal sustainability. The analysis shows that the maturity of ML-based solutions is still low, despite the intensive research. Consequently, future research projects should place more emphasis on the maturity of the solu-tions, which would lead to their broader adoption into operational use, thus benefiting industry and society at large. This calls for closer collaboration between the research community and in-dustry.

The purpose of this research was to examine the act of business schools in the Palestinian universities by their study plans in achieving sustainable development goals (SDGs) (G1, G4, G8, G9, G12, G16, G17), due to their strong relationship with business sector in the local market, in addition to examining whether the graduates of business schools have the required competencies and required skills for the local market. This research is descriptive in nature and a survey questionnaire was designed to collect data from faculty members and employers. The results indicate that business schools in the Palestinian universities have incorporated sustainable development goals in their study plans to a medium-to-high degree, with a higher emphasis on Quality Education. Graduates from these programs are perceived to possess the required competencies and skills by the employers in the local market, with a medium-to-high level of alignment with the SDGs, especially in the area Quality Education. There was no significant difference between the perceptions of university faculty members and employers in the local market regarding the fit of business school graduates' competencies and skills with the local market needs in relation to the SDGs. However, there were significant differences in the areas of accountability and transparency principles, economic and industrial challenges, partnerships for the goals, international standardization, and capacity building in operational expertise. It is recommended that business schools in Palestinian universities continue to prioritize the integration of sustainable development goals in their study plans and align the competencies and skills of their graduates with the needs of the local market. The areas of significant difference between university faculty members and employers in the local market present opportunities for further collaboration and dialogue to better meet the needs of the local market and achieve sustainable development goals.

This paper examines the influence of informal competition on SMEs innovation in the Eastern European transition economies. It investigates whether credit constraints mediate this relation. SMEs innovation is presented through four measures: Product innovation, Process innovation, Radical innovation and Green innovation. Using the BEEPs VI that covers the period from 2018-2020, we show that informal competition affects positively the product, process and radical innovation. Yet, it has a non-significant effect on green innovation. Besides, the informal sector increases SMEs credit constraints, which indirectly leads to less corporate innovation. The negative indirect effect restrains the positive direct effect. Hence, a partial mediation effect of credit constraints on the informal competition and the innovation proxies is reported with the exception of green innovation.

Communication is indispensable for today's lifestyle, and thanks to technology, millions of people can communicate as quickly as possible. The effect of this breakthrough has transformed organizations to the degree that they generate billions of emails daily to facilitate their operations. There is implicit information behind this vast corpus of human-generated content that can be mined and used for their benefit. This paper tries to address the opportunity that email logs can bring to organizations and propose an approach to discover process models by combining supervised text classification and process mining. This framework consists of two main steps, text classification, and process mining. First, Emails will be classified with supervised machine learning, and to mine, the processes fuzzy Miner is used. To further investigate the application of this framework, we also applied this framework over a real-life dataset from a case study organization.

With the development of big data analysis, blockchain and other technologies, the supply chain of enterprises is transforming to lean and intelligent. As an important link in the enterprise supply chain, the intelligent transformation of procurement plays an important role in the improvement of the supply chain efficiency, therefore, the construction of a common method supporting the intelligent upgrade of the enterprise procurement business has become a key concern for enterprise managers. Based on the balanced scorecard theory and the supply chain maturity model, this study combines the actual situation of procurement management in Chinese energy enterprises and constructs a procurement benchmarking system that balances the development direction of the industry and the actual needs of enterprises. Meanwhile, based on the grounded theory, three major themes of the intelligent procurement system (digital business module, procurement synergy mechanism and procurement ecosystem) are extracted to provide a methodological reference for the construction of intelligent procurement systems of energy enterprises. The study concludes with a case study of China National Energy Group Materials Company to demonstrate the application of the intelligent procurement system built in this paper, with a view to providing methodological reference for the intelligent procurement management in energy enterprises.

This study investigates aspects of job retention and business growth in small- and medium-sized enterprises (SMEs). It examines how employers think about retention policy in relation to business growth, in contrast to previous studies’ main focus on employee motivation, job retention, and turnover. Qualitative semi-structured interviews were conducted face-to-face with Chief Executive Officers (CEOs) of Engineering and Informational Technology SMEs in South Korea. The results show that an important factor influencing job retention policies of SMEs is the motivation of employees to make voluntary effort, rather than offering them additional financial rewards or using other Human Resource Management (HRM) practices to improve individual performances. Interviewees believed that job retention and business growth are closely related and they discussed various ways of eliciting emotional contributions from employees. Unlike research on larger firms, these suggestions did not involve financial rewards. How employers think about the roles played by employees strongly influences their firm’s productivity and competitiveness. The SME CEOs examined in this study considered this issue central to their firm’s survival and growth. This study suggests SME employers adjust their retention policy correspondingly.

The main aim of this paper is to explore the issue of big data and to propose a conceptual framework for big data, based on the temporal dimension. The Temporal Big Data Maturity Model (TBDMM) is a means for assessing organization’s readiness to fully profit from big data analysis. It allows the measurement of the current state of the organization’s big data assets and analytical tools, and to plan their future development. The framework explicitly incorporates a time dimension, providing a complete means for assessing also the readiness to process temporal data and/or knowledge that can be found in modern sources, such as big data ones. Temporality in the proposed framework extends and enhances the already existing maturity models for big data. This research paper is based on a critical analysis of literature, as well as creative thinking, and on the case-study approach involving multiple cases. The literature-based research has shown that the existing maturity models for big data do not treat the temporal dimension as the basic one. At the same time, dynamic analytics is crucial for a sustainable competitive advantage. This conceptual framework was well received among practitioners, to whom it has been presented during interviews. The participants in the consultations often expressed their need of temporal big data analytics, and hence the temporal approach of the maturity model was widely welcomed.

Big Data warehouses are a new class of databases that largely use unstructured and volatile data for analytical purpose. Examples of this kind of data sources are those coming from the Web, such as social networks and blogs, or from sensor networks, where huge amounts of data may be available only for short intervals of time. In order to manage massive data sources, a strategy must be adopted to define multidimensional schemas in presence of fast-changing situations or even undefined business requirements. In the paper, we propose a design methodology that adopts agile and automatic approaches, in order to reduce the time necessary to integrate new data sources and to include new business requirements on the fly. The data are immediately available for analyses, since the underlying architecture is based on a virtual data warehouse that does not require the importing phase. Examples of application of the methodology are presented along the paper in order to show the validity of this approach compared to a traditional one.

Sustainability addresses environmental and social issues affecting this and future generations. When family businesses perceive that the community is disrupted, recognize an environmental problem and respond by implementing new environmental policies or regulations, the family business’s socio-emotional values press to transition to a more sustainable production system, such as the ‘Circular Economy.’ Drawing on the Dubin (1978) methodology—a paradigm for building models through deduction—we design a sustainable model, which shows family businesses’ responses to changes in the environment. It explains the reasons why family firms transition to the Circular Economy, based on the theory of Socio-Emotional Wealth (SEW). We check the model through the case study of the food retail leader in the Spanish market—Mercadona—which applies policies about energy, resources and waste to become a Circular Economy business model. Because of the strong family character of Mercadona, this case can be useful for the decision-making of other family businesses.

The degradation of mangrove ecosystems in East Java poses significant challenges to both environmental sustainability and local businesses dependent on mangrove tourism. This study explores the implementation of the Mangrove Ecosystem Transformation Approach (META), a holistic framework designed to integrate environmental conservation with business resilience in the mangrove tourism sector. By combining quantitative, qualitative, and model development methods, this research investigates how innovative technologies can support sustainable tourism management. The study identifies critical factors influencing business resilience, evaluates the environmental impact of mangrove tourism, and demonstrates how META can improve operational efficiency and environmental outcomes. The findings highlight the potential for META to serve as a model for sustainable tourism in coastal areas, ensuring long-term business viability and environmental preservation.