ARTICLE | doi:10.20944/preprints202306.0373.v1
Subject: Business, Economics And Management, Business And Management Keywords: agricultural products; bundle pricing; consumer organic preference
Online: 6 June 2023 (03:58:56 CEST)
Compared with the traditional bundle pricing strategy with fixed products, this paper proposes a more flexible interactive bundle pricing strategy (IBPS) for agricultural e-retailers. Since more and more consumers tend to buy more environmentally friendly and healthy organic agricultural products, we consider consumers' organic preferences and build a mixed bundle pricing model for organic and inorganic agricultural products. A free shipping strategy is introduced to maximize retailer profit and optimize consumer surplus. Through numerical analysis, we find: (1) Compared with the traditional online retailing method, IBPS can effectively stimulate consumption and higher retailer profit; (2) As the free shipping threshold increases, the total profit shows a trend of first increasing and then decreasing, indicating that a suitable free shipping threshold can optimize the retailer profit; (3) As the consumer green preference increases, the total sales of agricultural products decrease, but the organic sales improve, while total profit rises; (4) The higher the level of consumption, the higher the sales volume of organic products and there is an upward trend in the profits of e-retailers.
ARTICLE | doi:10.20944/preprints202306.0328.v1
Subject: Business, Economics And Management, Business And Management Keywords: ESG; State-owned equity; Top management incentives; Sustainability; Digital transformation
Online: 5 June 2023 (13:38:27 CEST)
This study examines the unique circumstances surrounding state-owned equity participation in non-state-controlled enterprises in China. Specifically, this study examines the impact of state-owned equity participation on the environmental, social, and governance (ESG) performance of non-state-controlled enterprises. Focusing on A-share listed firms on the Shanghai and Shenzhen Stock Exchanges and using data from 2013 to 2021, empirical testing shows that state-owned equity participation can significantly improve the ESG performance of non-state-controlled enterprises, with this conclusion remaining reliable after a series of robustness tests. Top management incentives is a mediating mechanism for state-owned equity participation in enhancing ESG performance. This study also finds that when state-owned equity participates in large enterprises or companies with a high degree of digital transformation, the effect on ESG performance is greater than that of small to medium-sized enterprises (SMEs) or enterprises with a low level of digital transformation. The findings of this study add to the current body of the existing field of research on the factors influencing corporate ESG performance and the impact of state-owned equity on corporate non-financial performance.
REVIEW | doi:10.20944/preprints202306.0280.v1
Subject: Business, Economics And Management, Business And Management Keywords: sustainable leadership; sustainability leadership; environmental leadership; sustainability; leadership
Online: 5 June 2023 (08:46:16 CEST)
Leadership and sustainability have been researched and examined concurrently. We know much about sustainable, sustainability and environmental leadership as separate areas of research and the leadership behaviours and practices that facilitate achievement of sustainability outcomes. Whilst these research streams have developed alongside each other, we know little about the similarities and differences of each of these three leadership approaches. The purpose of this paper is to review and compare which sustainable, sustainability and environmental leadership approaches are predictive of improved organizational performance with a view to understanding leadership towards sustainability. Through a comprehensive review of the extant literature, we integrate the three leadership approaches and highlight areas of similarity and difference. From a theoretical perspective, this paper seeks to make a significant contribution to the scholarly literature by building on current knowledge and developing a unified framework that combines our findings on leadership practices and behaviours in terms of the types of leadership required for achieving sustainability outcomes. By unifying existing frameworks and clarifying points of integration and differentiation under the umbrella of ‘leadership towards sustainability’, this paper seeks to advance research on leadership approaches. From a practical perspective, a cohesive set of leadership behaviours and practices will be emphasized so that leaders can adapt these to suit the context of their organization, thus helping leaders make sense of the literature to inform their practice and reach sustainability goals. Thus, the main goal of this paper is to identify a range of leadership behaviours and practices that are required to improve the performance of sustainability in organizations thus informing the broader leadership field.
ARTICLE | doi:10.20944/preprints202305.0205.v2
Subject: Business, Economics And Management, Business And Management Keywords: Public Administration; electrification; concessions
Online: 1 June 2023 (08:29:12 CEST)
This study aims to provide a comprehensive analysis of the More Light for Amazon (MLA) program, examining the roles played by each stakeholder involved in the concession process and identifying the limitations faced for program success. The research employs a content analysis methodology, analyzing a variety of documents, including the Program Operational Manual, Commitment Terms, news articles, and concessionaires' notes. The findings reveal the crucial role of the government as an inducer of actions, establishing objectives and guiding norms for the private sector. Conversely, concessionaires assume the role of program implementers but encounter specific limitations in remote locations, challenging the provision and maintenance of the electrical system in beneficiary communities. The implementation of microgrid systems through concessions enhances coordination and integration between generation and distribution services, allowing for increased government control and ensuring transparency, efficiency, and program effectiveness. These identified elements represent significant challenges for the implementation of public policies in remote regions of the Amazon. Overcoming these challenges take coordinated and strategic actions involving both the government and concessionaires to ensure the complete fulfillment of energy needs in MLA program beneficiary communities.
ARTICLE | doi:10.20944/preprints202305.2208.v1
Subject: Business, Economics And Management, Business And Management Keywords: Social turn models; Sustainable development pillars; Neoliberal turn constructs; Model configurations; Collaborative perspective; Global, cluster, and country-level analyses
Online: 31 May 2023 (09:01:35 CEST)
This study explores several global and country cluster sustainable development (herein SD) models. It jointly examines constructs from the “Neoliberal-turn” ((e.g., Institutional Enhancers (e.g., business freedom, property rights, government integrity, and judicial effectiveness), Financial Enhancers (e.g., government spending and monetary, trade, investment, and financial freedoms), Foreign Direct Investment, Global Competitiveness-institutions, and Global Competitiveness-innovation-sophistication)), and the “Social-turn” (five SD pillars (e.g., Planet, People, Peace, Prosperity, and Resources), which synthesize the 17 United Nations SD goals); and Happiness and Life Satisfaction (herein H&LS). The study examines a large and diverse set of relationships encompassing 11 years of data of 108 social, economic, and environmental indicators from 129 countries at the global, country cluster, and country levels. We analyze data using structural equation modeling. Remarkably, Planet, an SD pillar constituted by biophysical variables, is the least of the five SD pillars positively related to the "neoliberal-turn" constructs and H&LS. Results show model configurations and scale effects. Furthermore, findings reveal both synergies between neoliberal and the five SD pillars as well as both negative and non-significant relationships among them. The diversity of results calls for further model integration and specificity. Diverse findings entail caution and difficulties in generalizing knowledge. Similarly, results suggest that it is not advisable, since there may be many different and partly legitimate alternatives, to rely on just one perspective (e.g., giving primacy to economic-based analyses) and or in analyses at only one scale. The perspective effects and the stakes involved in SD urgently call for more collaborative efforts at all levels.
ARTICLE | doi:10.20944/preprints202305.1996.v1
Subject: Business, Economics And Management, Business And Management Keywords: collaborative consumption; Peer-to-Peer accommodation platforms; motivations; sustainability; tourism industry
Online: 30 May 2023 (05:46:20 CEST)
This research aims to contribute to the growing body of knowledge of Collaborative Consumption (CC) by exploring the motivations that influence the use of Peer-to-Peer (P2P) accommodation platforms from the demand side. There has been a significant increase in interest in sustainable choices regarding P2P accommodation in recent years. To address this gap and contribute to the collaborative consumption and P2P accommodation theory a quantitative study was conducted through a survey yielding 235 responses from both users and non-users of P2P platforms. The findings of this study suggest that P2P accommodation platform usage is influenced by multiple motivations, including sustainability, belonging, economic benefits, and convenience. Interestingly, the study also found that individuals with higher levels of academic qualifications are more likely to adopt this mode of consumption. Moreover, the study is the first of its kind to quantitatively address this topic and, therefore, contributes significantly to the field of collaborative consumption and P2P accommodation theory. By understanding the motivations of P2P platform users, policymakers and practitioners can develop targeted strategies to promote sustainable choices in this sector. Overall, this study provides a useful framework for future research on collaborative consumption and sustainable P2P accommodation.
ARTICLE | doi:10.20944/preprints202305.1873.v1
Subject: Business, Economics And Management, Business And Management Keywords: Digital Economy; Digitalization; Fintech Scope; Principal Component Analysis; Sustainability
Online: 26 May 2023 (07:15:49 CEST)
The digital economy is a fundamental feature of sustainability. The economic, social, and environmental dimensions of sustainability stand up for digitalization and digital transformation projects. In order to understand and practice the digital economy, the goal of our paper is to evaluate accurate variables regarding fintech scope for discussing the efficient implication of these projects. The principal component analysis is used to investigate and evaluate the sustainable digital economy indicators. An empirical case from health care services in Africa from World Bank projects discusses this challenge. Results help produce an effective understanding of how the digital economy enables facing fintech challenges in Africa.
REVIEW | doi:10.20944/preprints202305.1748.v1
Subject: Business, Economics And Management, Business And Management Keywords: Entrepreneurial enterprises; SME; economy; economic growth; job creation
Online: 25 May 2023 (07:10:40 CEST)
This article explores the Role and Contributions of Small and Medium Enterprises (SMEs) in a globalized and innovative economy, looking specifically at the challenges and opportunities. The establishment and expansion of new firms provides a sizable amount of net new jobs. While high-expectation entrepreneurial enterprises and gazelles are usually found among innovative and technology-based new organizations, it is also essential that there be a sizable supply for them to play a significant part in economic growth. In other words, encouraging all forms of en-trepreneurship is likely to increase the number of innovative, fast-growing enterprises as well as entrepreneurship. In many European countries, entrepreneurship needs to be encouraged. Findings show the crucial role the SME sector plays in the South African economy in tackling sustainable development. About 90% of all official firms in South Africa are thought to be small, medium, or micro-enterprises. The study concluded that one of the major contributions to the South African economy is the SME sector. The SME is not just viewed as a source of new jobs, but also as a sector that absorbs laid-off workers from both the private and public sectors.
ARTICLE | doi:10.20944/preprints202305.1434.v1
Subject: Business, Economics And Management, Business And Management Keywords: Customer predictive ability; Customized enterprises; Sustainable Innovation
Online: 19 May 2023 (10:52:06 CEST)
With the disruption of digital technologies, customers have emerged as co-producers in order to reduce costs and enhance productivity. Customer-driven business logic recognizes customer capabilities and sustainable innovation as key factors in the performance of customized manufacturing enterprises. The potential relationship between customers and producers has become a new area of inquiry. Existing research rarely delves into the impact of customer predictive ability on the process of customized production activities, particularly in relation to sustainable innovation, which remains inadequately characterized. Ships serve as a typical representation of customized enterprises. This study explores the underlying drivers of sustainable innovation through customer demand orientation by examining 20-year historical patterns in the global shipping and shipbuilding markets, considering the environmental dependency and temporal correlation characteristics of the shipbuilding market (producers) and the shipping market (consumers). By employing time series and panel data in a machine learning algorithm, specifically the random forest model, the study reveals a strong and statistically significant correlation between new ship deliveries and the Baltic Dry Index (BDI), with larger value ships having a more pronounced impact on the consumer market. The correlation analysis confirms that these two variables, in combination, can comprehensively reflect customer predictive ability and serve as crucial decision criteria for customer investment in new ship production. Furthermore, based on principal component analysis of customer predictive ability and ship innovation levels, as well as Granger causality tests, the study demonstrates that customer predictive ability is a Granger cause of sustainable innovation in customized production. Customer predictive ability influences sustainable innovation in customized enterprises to varying degrees. This research provides valuable insights for shipbuilding companies in terms of engaging in sustainable innovation in international markets and understanding the value of international market customers.
ARTICLE | doi:10.20944/preprints202305.1383.v1
Subject: Business, Economics And Management, Business And Management Keywords: lead users; process; partnership; innovation
Online: 19 May 2023 (05:22:27 CEST)
: The objective of this work is to elucidate the role of partnerships and the number of partners necessary for lead user innovation outcomes. Lead user theory identifies these users as being ahead of market trends and experiencing significant benefits from innovating. So far, most lead user research has concentrated on firms and not individual lead users’ perspective. Data were obtained using a quantitative design during which 321 respondents participated. The SPSS software was used to analyze the data and determine significance. These findings indicate a connection between number of partners and lead user innovation success. This demonstrates that number of partners is significant in determining the success or failure of an innovation. This study provides empirical evidence that the number of partners is an essential factor that influences the success of innovation, and establishes the absolute numbers for achievement of successful innovation. Future studies must investigate the possible implications of integrating the partner variables with other characteristics of the lead user.
ARTICLE | doi:10.20944/preprints202305.1362.v1
Subject: Business, Economics And Management, Business And Management Keywords: VUCA meter; probability; black swans; risk management
Online: 19 May 2023 (03:08:03 CEST)
The VUCA world is the epitome of the challenges linked with some of the undercurrents currently shaping businesses in the projectified society. The terms volatility, uncertainty, complexity and ambiguity (VUCA) are used as descriptive for the continuous flux project managers and project planners are forced to keep at bay. In this article, the authors present an idea to connect the VUCA concept as a risk identification platform to access, identify and isolate low-probability but high-impact events often called black swans or fat tail events. It is argued that the assumptions of conventional risk assessment in the domain of project management can lead to skewed general outcomes due to limitations of the intellect to assess probability. The outline of the VUCA meter is drafted and argued that the meter can augment the conventional risk assessment
ARTICLE | doi:10.20944/preprints202305.1233.v1
Subject: Business, Economics And Management, Business And Management Keywords: insurance; earthquake insurance; the compulsory earthquake insurance; insurance subsidy, vol-untary earthquake insurance; CEI; TNCIP
Online: 17 May 2023 (10:37:32 CEST)
As in other parts of the world, natural disasters are increasingly causing significant loss of life and economic damage in Turkey. Natural disasters such as earthquakes, floods, storms, fires, and hailstorms have been occurring since ancient times, but now they are being compounded by factors such as climate change and the deterioration of natural environments. This has led to an increase in the frequency and severity of natural disasters and the resulting damage. It is important to finance the economic consequences of natural disasters that threaten individuals, commercial enterprises, and the country's administration. The frequency of the public's exposure to natural disasters, insurance awareness, the financial size of the disasters, the risk management policies of insurance companies, and the competence and willingness of the state and local governments to cover the damage are decisive factors. Prior to the increase in natural disasters, the country's administration was active and involved in first aid, rescue, and damage financing. However, it now has difficulty in financing the damage caused by natural disasters to individual, commercial, industrial, and agricultural assets and does not want to provide full assurance. This is because the dangers awaiting humanity in the future cannot be fully predicted. Private insurance companies undertake the task of taking over and distributing the risk in financing natural disaster losses and ensuring sustainability. Although this is a modern and rational solution, the problem is the insufficient number of insurance policies and insufficient premium production in countries where insurance awareness is not sufficiently developed. To increase premium production and geographical distribution of the risk, the state includes natural disaster insurances within the scope of compulsory insurances and mandates pre-disaster insurance policies. Following the earthquake disaster in the Marmara Region on 17.08.1999, compulsory insurance against earthquakes was introduced in Turkey with the Decree Law No. 587, which entered into force on 27.09.2000. This eliminated the obligation of the state to pay earthquake-related payments for the buildings determined by Turkish Natural Catastrophe Insurance Pool (TNCIP). Citizens have obtained modern, reliable, and regular insurance protection against earthquake damage. Naturally, the success or failure of Compulsory Earthquake Insurance (CEI) and Turkish Natural Catastrophe Insurance Pool (TNCIP) can be questioned after a major disaster. Since TNCIP is a new institution and other countries have not yet adopted it as an example, precedent institutions and past data cannot be included in the literature.
ARTICLE | doi:10.20944/preprints202305.1222.v1
Subject: Business, Economics And Management, Business And Management Keywords: Palm Oil; Performance; Sustainability Supply Chain; Systematic Literature
Online: 17 May 2023 (10:12:03 CEST)
Indonesia has emerged as one of the leading producers and exporters of palm oil, as supported by data from the Central Bureau of Statistics in 2021, which indicate that Indonesian palm oil exports reached an impressive value of US$ 18.44 billion, or IDR 258 trillion, in 2020, marking an 18.43 percent growth compared to the previous year. Furthermore, the domestic market for palm oil and palm kernel oil remains substantial, despite improvements in export quantities. Various industries, including cooking oil refineries, specialty fats, shortening, margarine, bath soaps, and oleochemicals, present potential markets for palm oil (CPO) and palm kernel oil (PKO). The palm oil industry encompasses four related sub-sectors, namely growers, millers, refiners, and oleochemicals, forming an integrated value chain from upstream to downstream. The current focus on environmental, economic, and social sustainability is driving companies to adopt internal green activities and expand their efforts into sustainability supply chain management (SSCM). Implementing SSCM practices is often seen as economically beneficial, as research has demonstrated their positive impact on firm performance from a resource perspective. Within the palm oil industry, a wide range of green management applications are being utilized. This study aims to examine and highlight the existing sustainable management practices across the entire palm oil supply chain, with a particular emphasis on producing high-quality palm oil. To achieve this objective, the paper utilizes a systematic review methodology, The number of papers analyzed were 62 articles published which involves an extensive review of relevant literature to identify research trends, gaps, and issues. The study seeks to contribute to the body of knowledge by expanding the theory of organizational readiness in preparing globally competitive palm oil products. The research findings hold practical significance for practitioners and academics, providing a comprehensive roadmap for implementing green management applications at the organizational level in the palm oil industry's upstream-to-downstream chain.
ARTICLE | doi:10.20944/preprints202305.1074.v1
Subject: Business, Economics And Management, Business And Management Keywords: E-commerce integration; adoption determinants; Moroccan firms; innovation; logit; probit; conditional mixed process-probit model.
Online: 16 May 2023 (03:59:16 CEST)
E-commerce is a rapidly evolving global trend that is having a significant impact on consumer behavior and business strategies. Despite its growing impact, e-commerce adoption by Moroccan firms remains low and research on this topic in this context is scarce. This study aims to fill this gap by investigating the main determinants influencing e-commerce adoption by Moroccan firms. We use logit, probit, and conditional mixed process-probit models to identify the critical factors driving e-commerce adoption. Our results reveal five key findings. First, newer firms that are more open to innovation and change are more likely to adopt e-commerce. Second, firms with a higher proportion of highly educated employees are more likely to adopt e-commerce. Third, the digital skills of new employees do not directly influence the likelihood of e-commerce adoption. Fourth, being listed on digital platforms increases the likelihood of e-commerce adoption. Finally, there is a positive relationship between firms engaged in innovation activities and e-commerce adoption. These findings highlight the need for additional investment in promoting modern organizational practices, reskilling workers, and implementing advanced technologies to facilitate effective e-commerce integration among Moroccan SMEs. By addressing these challenges, Moroccan firms can harness the full potential of e-commerce and contribute to the country’s economic growth and digital transformation.
ARTICLE | doi:10.20944/preprints202305.0823.v2
Subject: Business, Economics And Management, Business And Management Keywords: Sustainable Development; Economic Growth; Innovation; Business Schools; Local Market.
Online: 16 May 2023 (03:18:54 CEST)
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.
REVIEW | doi:10.20944/preprints202303.0275.v2
Subject: Business, Economics And Management, Business And Management Keywords: Entrepreneurship; Sustainability; Corporate social responsibility
Online: 15 May 2023 (07:59:16 CEST)
At a basic level, entrepreneurship refers to an individual or a small group of partners that intend to create a new business. Entrepreneurship is at forefront of any competitive economy due to the creation of new products and services that comes from new ideas. In other words, entrepreneurship is associated with economic wealth, growth and innovation. The usage of resources in the creation of new businesses needs to be rational because investors normally are risk averse, and nowadays, the purpose of a new business needs to be for a long-term period, and the usage of resources has to take into mind the possible damage to the planet. In other words, entrepreneurs and the sustainability of the planet are interconnected. Beyond this, entrepreneurs need to take care of the corporate social responsibility of each new business, considering the interests of itself, its stakeholders, and the public. Nevertheless, existing research has not shown in full all the research streams, how they interact with each other and their potential knowledge development. Thus, a literature review on social entrepreneurship and corporate social responsibility in the last decade are opportune. This paper aims to identify research trends in the field through a Systematic Bibliometric Literature Review of social entrepreneurship and corporate social responsibility research. The review includes 69 articles published in the Scopus® database, presenting up-to-date knowledge on the topic.
ARTICLE | doi:10.20944/preprints202305.0860.v1
Subject: Business, Economics And Management, Business And Management Keywords: Cultural Distance; Formal Institutional Distance; Institutional Environment; Foreign subsidiaries; Latin America; Formal Institutions; Psychic Distance; Moderation; Asymmetry; Asymmetry of Distance; Financial Performance
Online: 11 May 2023 (13:36:28 CEST)
We investigate how formal institutional distance (FID) moderates the relationship between cul-tural distance (CD) and the financial performance of foreign subsidiaries firms. Following recent research, we estimate the asymmetric effects of CD by considering its size and direction towards host countries on the opposite poles of each cultural dimension` scale. We propose that a limited understanding of the formal institutions in the host country, as measured by the magnitude and direction of the FID, can have a positive moderating effect, increasing the impact of CD on finan-cial performance. This is mainly because foreign subsidiary firms may be more reliant on their ca-pacity to navigate the less formal (and more implicit) aspects of the host country's institutional environment, such as their ability to cope with the CD. We use foreign subsidiary data from the Orbis database including 22 developed and 22 developing home countries and over 1400 foreign subsidiaries during a period of 3 consecutive years operating in 10 of the largest economies (host countries) in Latin America including: Argentina, Brazil, Colombia, Chile, Ecuador, Mexico, Panama, Peru, Uruguay, and Venezuela. Findings confirm the asymmetric effects of CD, howev-er, by considering the direction of FID, our findings reveal that the higher the FID towards less developed host countries, the more significant the effects of CD on the financial performance. These findings contribute to the knowledge of how formal and informal institutional distances in-teract by showing that the greater the FID towards less developed host countries, to higher the impact of CD on the financial performance of foreign subsidiary firms.
ARTICLE | doi:10.20944/preprints202305.0820.v1
Subject: Business, Economics And Management, Business And Management Keywords: reverse logistics; number of remanufacturing times; first remanufacturing cycle; time-varying parameters; demand dependent return rate
Online: 11 May 2023 (08:21:22 CEST)
The mathematical modelling of reverse logistics inventory systems ignores that returned items may arrive out of sequence, i.e. with different number of remanufacturing times. Moreover, such modelling assumes that the retuned items may retain the same quality upon recovery regardless of how many times they have been previously remanufactured. This paper develops a new mathematical expression of the percentage of retuned items that can be remanufactured a finite number of times. The proposed expression is modelled as a function of the expected number of times an item can be remanufactured on its life cycle and the number of times an item can be technologically (or optimally) remanufactured based on its quality upon recovery. The model developed in this paper considers joint production and remanufacturing options. The return rate is a varying demand dependent rate, which is a decision variable with demand, product deterioration, manufacturing and remanufacturing rates being arbitrary functions of time. The model considers the initial inventory of returned items in the mathematical formulation, which enables decision makers to adjust all functions and input parameters for subsequent cycles. Illustrative examples indicate that dependent purchasing price of recovery items and the incorporation of remanufacturing investment cost significantly impact on the optimal remanufacturing policy.
ARTICLE | doi:10.20944/preprints202305.0818.v1
Subject: Business, Economics And Management, Business And Management Keywords: Management; Financial Performance; Corporate Diversification; Capital Structure; Conglomerate; Business Model
Online: 11 May 2023 (08:17:06 CEST)
Since the early 21st century, the globalization trend and technological innovations have changed the ways and speed of market growth. Rapid market expansion and the pressure for firms to achieve sustainable business growth via mergers and acquisitions have become the norms for acquiring the necessary competencies, expanding market shares and business integrations. This study explains the factors that correlate to the IJM's financial performance based on the market dynamics in recent years. This case study is a qualitative approach employing systematic review and content analysis. As a result, firms begin to diversify or venture into the business segments that might be related to or complement their core businesses, intentionally or unintentionally, which eventually evolved into the conglomerate form. This case study provides a financial performance analysis of IJM Corporation Berhad's success and challenges from its conglomerate business model. The fact that a well-diversified firm will have better risk management in the event of an economic downturn is also a primary driver for firms to embark on a corporate diversification strategy. This case study reveals IJM's conglomerate model has been successful during its rapid business growth; however, it has shown signs of diminishing in recent years.
ARTICLE | doi:10.20944/preprints202305.0792.v1
Subject: Business, Economics And Management, Business And Management Keywords: Baltic Dry Index; Covid-19; Stepwise Regression
Online: 11 May 2023 (05:11:46 CEST)
The outbreak of COVID-19 in 2020 caused significant disruptions to global shipping and the world economy. This paper aims to investigate the impact of the pandemic on global shipping by analyzing the Baltic Dry Index (BDI). The BDI is a metric that reflects the worldwide shipping costs and directs related to supply and demand conditions, making it an indicator of economic production. The study utilizes data from 2019 to 2021, before and after the outbreak of COVID-19, and considers 13 independent variables, including raw materials, energy, stock market indexes, global port calls, and confirmed COVID-19 cases to investigate how to influent the BDI. The study employs stepwise regression to select variables and build models before and after the pandemic. The findings reveal that the key factors affecting the freight index BDI before the outbreak are: international scrap steel prices, iron ore prices, and the Commodity Research Bureau Index. However, after the COVID-19 outbreak, the factors affecting the BDI changed to the Shanghai Index, global port calls, and the number of confirmed COVID-19 cases.
REVIEW | doi:10.20944/preprints202305.0638.v1
Subject: Business, Economics And Management, Business And Management Keywords: Agile project management; Agile construction; Building adaptation; Built environment; Scaling agile
Online: 9 May 2023 (10:28:45 CEST)
The Agile Building Adaptation (AgiBuild) framework is the adoption and adaptation of the large-scale agile framework for building adaptation projects. The agile methodology is proven to drive innovation by focusing on adaptation to change and user centricity. Similarly, the authors envision that the AgiBuild framework can fundamentally change the way that buildings are re-designed, refurbished, and operated. The AgiBuild framework is developed from the need of the building adaptation industry to manage uncertainties, overcome communication barriers, and improve innovation. In this study, a literature review of Agile and its impact on building adaptation projects is undertaken. Based on this systematic literature review, this paper defines the AgiBuilt framework and provides its benefits and barriers to implementation. A key finding of the literature review is that leadership influence, and adequate training form the key foundation for the implementation of the AgiBuild Framework. In defining the AgiBuild framework, the paper describes its components and how its implementation is likely to proceed. The authors propose that by adopting the AgiBuild framework, the industry can transform itself into a highly innovative and user-centred industry to improve productivity and performance of the construction industry..
ARTICLE | doi:10.20944/preprints202305.0572.v1
Subject: Business, Economics And Management, Business And Management Keywords: Exhibitions; Brand Value; Evaluation; AHP Model
Online: 9 May 2023 (05:13:13 CEST)
With the branding development of the international exhibition industry and the increase in the number of mergers and acquisitions of exhibitions, the assessment of the brand value of exhibitions has gradually come into the view of governments, investment and financing institutions and researchers. Compared with the brand value assessment of consumer goods and industrial sectors, the brand value assessment of exhibitions, especially B2B exhibitions, has special characteristics. A model for brand value assessment of B2B exhibitions is proposed, which can not only provide a reference for decision-making on M&A behaviour of exhibitions, but also provide a decision-making tool for government exhibition brand promotion. The aim of this paper is to explore the feasibility of constructing an AHP-based conceptual model for brand value assessment of exhibitions in Shanghai through a hybrid study. The applicability of the conceptual model for exhibition brand value assessment is empirically demonstrated by analysing six steps, including establishing pairwise comparison matrices, calculating the maximum eigenvalues and normalised eigenvectors of each comparison matrix, conducting consistency checks, group decision matrix synthesis and weight allocation of exhibition brand value assessment indicators. On this basis, the three values of the model in practice and theory are explored separately. The research results can provide better brand value assessment and development support for exhibition stakeholders and improve the sustainability of exhibition brands.
REVIEW | doi:10.20944/preprints202305.0549.v1
Subject: Business, Economics And Management, Business And Management Keywords: Blockchain; Cryptocurrencies; Bitcoin; Fintech; Metaverse
Online: 9 May 2023 (03:29:29 CEST)
Within financial technology, Blockchain is a topic that is receiving a lot of attention and discussion. There has been a meteoric rise in engagement and recent studies on this technology. The mainframe, personal computers, the Internet, and mobile applications follow the breakthrough in the history of computing. In qualitative research, the investigation was synthesized utilizing the documentary approach, including content analysis for a review article. The results reveal that Blockchain Technology is getting a foothold not only in the financial industries but is also likely to disrupt other areas like healthcare, real estate, the legal industry, security, government, education, rentals and ride-sharing, charities and aid organizations, and politics. Currently, several projects are researching the possibility of implementing the Blockchain as a structure to support them; as a result, we will soon see that it truly becomes the technology of the future. Furthermore, qualitative interviews or focus group discussions could give more insight into details. In addition, a quantitative approach for further research could provide a generalized explanation.
ARTICLE | doi:10.20944/preprints202305.0263.v2
Subject: Business, Economics And Management, Business And Management Keywords: Agile; agility; scrum; culture; digital transformation; anti-patterns
Online: 8 May 2023 (15:40:36 CEST)
The search for growth and sustainability in any organization largely depends on its ability to carry out digital transformation and agility processes. These processes are essential to adapt to an increasingly changing and competitive business environment, allowing companies to be more efficient and effective in creating an unbreakable bond with their customers. This manuscript addresses the importance of detecting and eliminating anti-patterns in organizational culture for a successful digital and agile transformation. During the early stages of the transformation process, prejudices and paradigms rooted in the organization can become an obstacle to change. The goal of this writing is to offer a practical guide for leaders and teams in organizations seeking successful cultural transformation. Effective strategies are proposed to overcome the challenges faced by organizations during this early stage. In summary, the key steps to be followed in the initial stages of digital transformation with agility are described, including the importance of establishing strong leadership, defining a clear vision and scope of the transformational process, among others. A set of recommendations will be provided to overcome recurring anti-patterns, such as lack of stakeholder participation and commitment, lack of proper planning, and confusion of roles and responsibilities.
ARTICLE | doi:10.20944/preprints202305.0523.v1
Subject: Business, Economics And Management, Business And Management Keywords: Lightning Network; Business models; Narrative review
Online: 8 May 2023 (10:54:36 CEST)
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.
ARTICLE | doi:10.20944/preprints202305.0487.v1
Subject: Business, Economics And Management, Business And Management Keywords: Tourism promotion budget; Andalusia location; hotels; aiports; tourists; passenger arrivals; overnight stays
Online: 8 May 2023 (09:00:27 CEST)
The aim of this study is to analyse tourism promotion of eight provinces of Andalusia from 2010 to 2022, and to examine the ways that tourism promotion campaigns influence and stimulate the improving of tourism supply and demand at Andalusian provinces. The methodology used in this study collected data from Andalusian public organizations (secondary data), and information related to this topic from researchers and organizations (primary data) for the purpose of this research project. This research provides a new contribution to tourism industry and promotion strategies context. Findings of the current study prove that DMOs of Andalusian provinces increased the tourism promotion budgets and campaigns to revitalize the tourism demand and supply due to the pandemic crisis and Russia’s invasion of Ukraine. Indeed, results of this research suggest that Andalusia’s tourism promotion budgets and campaigns have to helped to improve the number of passenger arrivals, number of tourists, hotel occupancy rate, overnight stays at hotels by international and Spanish, and total overnight stay indicators in the period analysed, especially in the years 2021 and 2022. The contribution of this study has a great relevance to tourist destinations, DMOs, hotels, airports, and stakeholders where application of tourism promotion budgets, joint promotion campaigns, and new tourism products and services should be implemented to improve the tourism supply and demand, guarantee the regional and local economy and well-being of population.
REVIEW | doi:10.20944/preprints202305.0465.v1
Subject: Business, Economics And Management, Business And Management Keywords: new digital economy; sustainability
Online: 8 May 2023 (08:18:28 CEST)
This study aims to analyze the interconnection between the concepts of digital economy and sustainability. These concepts have become popular due to awareness of climate change and increased development and adoption of technologies. Researchers, business leaders and policymakers are exploring the many ways digital technologies can be used to address sustainability issues. Using a systematic literature review with a bibliometric analysis, we examined a sample of 92 studies indexed in SCOPUS to identify research activity on this topic through April 2023. We found that 2022 had the highest number of peer-reviewed papers on the subject, with 31 publications. During the research, we also identified multiple opportunities for this interconnection, such as developing renewable energy and sustainable technological solutions, smart cities and sustainable urbanization, and sustainable consumption. These opportunities enabled by digital technologies allow companies to adopt sustainable business strategies and develop sustainable products. Despite these opportunities, the digital economy presents several challenges that can hinder efforts to achieve sustainability goals, such as increased e-waste, high energy consumption and rising carbon emissions, digital divide, job insecurity, growing monopolies, and data protection. These issues must be addressed to enable optimal use of the opportunities presented in the digital economy to promote sustainability.
ARTICLE | doi:10.20944/preprints202305.0399.v1
Subject: Business, Economics And Management, Business And Management Keywords: Online Cause-related Advertising; Consumer-Brand Relationship; Brand Attachment; Brand Affinity; Ethical Consumption Propensity
Online: 6 May 2023 (09:00:55 CEST)
Cause-Related Marketing (CRM) has emerged as a new concept that links CSR activities to marketing, enabling corporations to pursue both building company-consumer partnership and gaining sustainable mutual benefits that are elicited from the partnership. Among various cause-related marketing activities, on-line cause-related advertising is the most commonly used one. The purpose of this study is to examine the effects of on-line cause-related advertising and moderating role of ethical consumption propensity. In particular, this study intends to contribute to successful development of on-line cause-related advertising strategy by focusing on the relationship between the four factors: customers' perception of on-line cause-related advertising, brand-consumer relationship, brand attachment and loyalty. The results of this study are as follows: First, customers' perception of on-line cause-related advertising was related positively to consumer-brand- relationship. Second, brand-consumer relationship was related positively to brand attachment and customer loyalty. Third, brand attachment was related positively to customer loyalty. Furthermore, from the consumer’s psychological viewpoint, ethical consumption propensity had a significant moderating effect to between customers' perception of cause-related advertising and brand-consumer relationship as well as brand attachment. The results of this study may contribute to the existing literature as an new empirical attempt to examine the effect of the on-line cause-related advertising.
ARTICLE | doi:10.20944/preprints202305.0395.v1
Subject: Business, Economics And Management, Business And Management Keywords: Corporate social responsibility; Women directors; Foreign background; China
Online: 6 May 2023 (08:46:00 CEST)
This article investigates the impact of the foreign background of women directors on a firm’s corporate social responsibility (CSR) disclosure and performance. Using a dataset on listed firms on Shanghai and Shenzhen stock exchange from 2010 to 2019, we find that corporate boards with a higher proportion of women directors with foreign education experience tend to disclose more CSR information. CSR performance is also improved when there is a greater proportion of women directors with foreign education and work experience on a board. This study provides new insights into integrating stakeholder, social role, and neo-institutional theories to advance the understanding of CSR engagement in emerging economies.
ARTICLE | doi:10.20944/preprints202305.0131.v1
Subject: Business, Economics And Management, Business And Management Keywords: interval-valued intuitionistic fuzzy numbers (IVIFN) technique; mobile phone; Word-of-Mouth (WOM); Garvin's quality of dimensions
Online: 3 May 2023 (10:32:40 CEST)
Today, mobile phones are at the center of many consumers' lives and a part of people's lives. Although this tool was considered a luxury initially, it has gradually become a necessary tool with the reduction of the price and the increase of its functions. Consumers choose specific models of mobile phones according to their needs. Mobile phones have quality features that are expressed in the form of quality dimensions. These dimensions are mostly expressed by word of mouth (WOM). In this research, first; we collected the opinions of 350 students about 4 brands of mobile phones based on Garvin's quality of dimensions, finally; the students’ opinions about mobile phones were evaluated with integrated TOPSIS with interval-valued intuitionistic fuzzy numbers technique, and the priority of 4 phone brands was determined based on students' opinions.
ARTICLE | doi:10.20944/preprints202305.0055.v1
Subject: Business, Economics And Management, Business And Management Keywords: Strategic Management; Planning; Airport; Technology; Innovation
Online: 2 May 2023 (04:41:15 CEST)
The Aviation industry in Malaysia is categorized as highly regulated and dominated by Government Linked Companies (GLCs) via monopolistic concessions due to its nature of strategic national importance and security. Connectivity is an essential component of economic activity and a catalyst for business growth. Since the invention of aircraft, air connectivity has expanded businesses and markets, facilitating trade, encouraging Foreign Direct Investment (FDI) and enabling tourism. This case study aims to provide a holistic analysis of the Malaysia Airport Holdings Berhad (MAHB) strategic planning framework and discuss its effectiveness towards its strategy formulation to address its market dynamics, both domestically and abroad. From military superiority to economic connectivity, aviation, one of humanity's greatest inventions, has advanced human civilization over the past 150 years. With the emergence of low-cost carriers, air travel patterns have shifted dramatically, with the increase of travel and trade, due to its time efficiency. With the trend of globalization and the liberation of airspace in recent decades, aviation enables the movement of people and goods that foster a borderless marketplace at an exponential growth rate. With technological innovation, pressure over climate change and the shift in travelers' behavior and patterns, strategic planning becomes more crucial and complex for aerodrome operators to create a sustainable competitive advantage among their regional rivals. However, strategic planning is dependent on several critical success factors. The role of management leadership and an inclusive strategy to adapt to the changes in market dynamics are essential for survival in business competition.
ARTICLE | doi:10.20944/preprints202305.0046.v1
Subject: Business, Economics And Management, Business And Management Keywords: textile industry; clothing industry; sustainable development; circular economy; CE; digital technology; digitalisation; corporate social responsibility; CSR.
Online: 2 May 2023 (03:01:09 CEST)
The textile and clothing (T&C) industry is not usually viewed as an exemplar of sustainable de-velopment and the circular economy, as the industry has hitherto made its products in linear fashion, with relatively little recycling of the finished goods. This article examines the industry’s approach to the core sustainability concept and the circular economy in particular, through a re-view of the available academic literature, evidence from corporate sustainability reports and websites, and feedback from an online survey of industry professionals. The role of digital technology deployment in engendering sustainability and the circular economy in the industry is also explored. The study finds that whilst sustainability is now firmly embedded at the strategic level in the vast majority of companies studied, attitudes towards the circular economy remain fickle. The use of digital technologies in support of sustainability objectives is also limited at present, but the article concludes that the need to meet compliance requirements and new cus-tomer perceptions of sustainability will speed the transition to circular economy activities, facili-tated by greater exploitation of digital technologies. Building upon the research findings, existing models and an initial conceptual framework, a simple operational model for initiating such a transition for small-to-medium sized enterprises in the T&C industry is put forward.
ARTICLE | doi:10.20944/preprints202305.0011.v1
Subject: Business, Economics And Management, Business And Management Keywords: Automotive; Electric Vehicle; Market Strategy; Competitive Advantage; Marketing Strategy
Online: 1 May 2023 (04:07:19 CEST)
With the increased liberation of trade and fierce competition in the automotive industry, Proton needs to embark on a strategic reform to survive and remain relevant in the challenging market. This case study aims to explain the effectiveness of the Post Geely acquisition's ten years master plan to enhance Proton's self-reliance and global competitiveness. This case suggests that while the company's ten-year Master Plan is holistic and shows positive results in the early years, there is a need for a new business strategy, given the challenges imposed by climate change's impact on the automotive industry moving forward. The potentials of the Electric Vehicles (EVs) market and the Internet of Things (IoT) to develop the necessary long-term competitive advantage. A market strategy integrating the 4Ps and 4Cs framework suggests a two-dimensional convergence of the market mix, incorporating the organization's market strategy with a more consumer expectations-centric and user experience. Strategic integration of Geely's technological assets in developing Proton's technical know-how can address Proton's challenges and opportunities ahead.
REVIEW | doi:10.20944/preprints202304.1205.v1
Subject: Business, Economics And Management, Business And Management Keywords: Entrepreneurship; Sustainability; Education
Online: 29 April 2023 (04:22:29 CEST)
The importance of transforming to a sustainable economy to protect against global crises such as climate change is widely recognized. Sustainable entrepreneurs are seen as playing a key role in this transformation process by creating innovative market solutions with environmental, social, and economic value. To date, there is no consensus on the skills education should deliver to create sustainable entrepreneurs to solve sustainability challenges. The goal of this article is to identify sustainable entrepreneurship education factors that enable effective education of future sustainable entrepreneurs. An academic search engine and bibliographic database were searched for documents written in English and published between 2012 and April 2023 to identify existing educational models discussed in the current literature in sustainable entrepreneurship education (SEE). The review process resulted in a set of 59 empirical and non-empirical papers on SEE. The data analysis revealed different educational frameworks for sustainable entrepreneurship (SE), both developed for use in higher education institutions and secondary schools.
REVIEW | doi:10.20944/preprints202304.1167.v1
Subject: Business, Economics And Management, Business And Management Keywords: Developing countries; Sustainable Supply chain; Sustainability; Oil and gas industry; Supply Chain Management
Online: 28 April 2023 (10:51:19 CEST)
‘‘Sustainable Supply Chain Management’’ (SSCM) has become a hot topic on which eminent researchers are working on every day. However, it is clear that we still observe in this field of research, an artistic vagueness on the fundamental differences between Sustainable Supply Chain Management and Green Supply Chain Management (GSCM) Moreover, it is regrettable to note that previous researchers haven't yet thought about having a specific theory which can be applied to SSCM, the use of macro theories still being observed. In addition, we observe a lack of research in the oil and gas industry especially in Developing Countries when we know that this industry is the most lucrative and polluting. Therefore, this paper’s purpose consists to make a Systematic Literature Review (SLR) of 38 papers published from 2005 to 2023 especially in oil and gas industry and in Developing Countries, in order to make a clear distinction between SSCM and GSCM while highlighting the practices related to them and at the same time, generating a united theory which will bring together the triple bottom line of the SSCM. As findings, the authors built a Conceptual Framework that applies the triple bottom line of the SSCM in oil and gas industry by demonstrating that GSCM which is more related to environmental issues and is a part of the SSCM. Therefore, in order to be more efficient and to have a great impact on their performances, Oil and gas companies should apply SSCM practices rather than GSCM practices which are very different from what is applied in Developed Countries because of certain barriers and pressures.
ARTICLE | doi:10.20944/preprints202304.1126.v1
Subject: Business, Economics And Management, Business And Management Keywords: Green Supply Chain; Carbon Emission; Buy-back Contract; Cost Sharing
Online: 28 April 2023 (06:14:37 CEST)
As traditional supply chains face increasingly severe environmental issues and countries promote green development and sustainable development policy concepts, cultivating green supply chain operation models is gradually being highly valued by current governments and enterprises. Generally speaking, the production of green products incurs higher additional costs and thus their total production costs also increase. In this work, the product green level is related to the random demand. Under the green supply chain buy-back contract with the green product R&D cost sharing between the manufacturer and the retailer, both the product green level and the order quantity need to be decided to maximize the channel profit. In order to coordinate the green supply chain, the manufacturer needs to share both the risk of good salvage and the green product R&D cost with the retailer. We find that both the wholesale price and buy-back price increase in the manufacturer’s proposition of the green product R&D cost, but decrease in emission reduction efficiency coefficient or carbon trading price. In addition, the product green level, the optimal order quantity and the channel profit increase in emission reduction efficiency coefficient, but decrease in the R&D cost coefficient of the product green level. Interestingly, we find that if the carbon trading price is low, the manufacturer will set a low product green level and the product carbon emission trading is a cost for the supply chain. The increment of the carbon trading price leads to a higher cost such that the channel profit is decreased. However, if the carbon trading price is high, the manufacturer will set a high product green level and the product carbon emission trading is a revenue for the supply chain. The increment of the carbon trading price leads to a higher revenue such that the channel profit is increased.
REVIEW | doi:10.20944/preprints202304.1115.v1
Subject: Business, Economics And Management, Business And Management Keywords: Shapley value, shortest-path games, transportation networks, drones, trucks.
Online: 28 April 2023 (04:53:07 CEST)
Transportation is a crucial component of supply chain management, responsible for delivering goods and services to customers. This paper explores the application of game theory concepts, precisely the Shapley value, to cost allocation in transportation operations involving drones and trucks. Our focus is on shortest-path games in which agents own nodes in a network and seek to transport items between nodes at the lowest possible cost. We provide a comprehensive literature review of the Shapley value and its use in shortest-path games, with particular emphasis on transportation networks. Our proposed model includes sets of customers, drones, and trucks and uses binary decision variables to indicate whether a drone or truck serves a given customer. The objective is to minimize the total cost of serving all customers while adhering to capacity and synchronization constraints. We use the Shapley value to determine the contribution and cost-sharing of each drone and truck in serving the customers. Through a combination of denitions, theorems, and examples, we explore the formal meaning of the Shapley value and its relationship to shortest-path games in transportation networks. We highlight exceptional cases and considerations that must be taken into account when applying the Shapley value in such scenarios.
ARTICLE | doi:10.20944/preprints202207.0050.v2
Subject: Business, Economics And Management, Business And Management Keywords: Smart City; smart technology; internet of things; cloud technologies; mobile applications; innovation system; smart city concept; smart ecosystem
Online: 27 April 2023 (09:36:29 CEST)
The article describes the application of the Smart City concept and the economic opportunities it creates, infrastructure and services, and opportunities to improve governance. The main features of the Smart City concept, development directions and evolution, standards and solutions, factors and obstacles to its implementation have been analyzed by the author. The experience of different countries in the application of digital technologies is discussed. The article provides the scope and structure of the "smart" market, application stages and scenarios. International experience in this field was widely analyzed and examples were given, comparisons were made and suggestions were made. The article talks about smart cities, the construction of which has already begun in Azerbaijan. The application of the smart city concept in Azerbaijan has been studied. It is stressed that the spread of digital technologies for the construction of a smart city in Azerbaijan is a prerequisite. The Network Readiness Index (NRI) identifies the indicators that are holding back Azerbaijan in the ranking for 2021. In our study, based on the growth dynamics for 2017-2020, the forecast was calculated by analyzing the trend in the ICT development index in Azerbaijan for 2022-2025.
ARTICLE | doi:10.20944/preprints202304.0944.v1
Subject: Business, Economics And Management, Business And Management Keywords: Business ethics; Organizational performance; Ethics in corporate governance; Ethics in sales & marketing; HR management ethics; Intellectual capital
Online: 26 April 2023 (03:34:18 CEST)
The objective of this research is to analyze the effect of determinants of Business ethics (HR management ethics, ethics in corporate governance, and ethics in sales & marketing) on the organizational performance of the high-tech industry. The study further examines the influence of multiple serial mediations of human, structural, structural, and relational capital on the connection between Business ethics and organizational performance. Additionally, this research examines how technological change moderates the relationship between Business ethics and organizational performance. Data was collected from the information technology sector in various cities of South Asian countries through structured questionnaires. PLS-SEM modeling was used via Smart-PLS 4.0 software for analysis. The hypothesized & modified measurement and structural model were validated using the HTMT matrix, Fornell-Larcker criterion, R-square values, f-square values, outer loading, construct reliability and validity, path coefficient analysis, Blindfolding, and predictive relevance. The research results suggest that ethics in corporate governance, HR management ethics, and ethics in sales & marketing have a notable positive effect on business ethics, leading to a substantial and affirmative impact on the organizational performance of the high-tech industry. The findings further suggested that dimensions of intellectual capital (human capital, structural capital & relational capital) significantly moderate between exogenous and endogenous constructs. Moreover, technological change significantly & positively moderates the relationship between Business ethics and organizational performance of the high-tech industry. In conclusion, this research provides insights into how these variables interact and what potential mechanisms act upon them. Organizations can make informed decisions about improving their performance and ethical standards by understanding these relationships. This research offers substantial theoretical and managerial implications to research scholars and industry practitioners.
ARTICLE | doi:10.20944/preprints202304.0875.v1
Subject: Business, Economics And Management, Business And Management Keywords: DEMATEL; ANP; PROMETHEE II; Ranking Fuzzy numbers; Startups
Online: 25 April 2023 (03:48:01 CEST)
Accelerators play a critical role in fostering innovative ecosystems and nurturing startups. The evaluation and selection of startups, particularly technology-based startups, for acceleration programs are essential in accelerator economy and management. Assessment of startups requires consideration of numerical and qualitative criteria such as sales, prior startup experience, demand validation, and product maturity. Startups must be ranked based on the varying importance of criteria, which can be identified as a fuzzy multi-criteria decision-making (MCDM) problem. MCDM methods have proven effective in managing complex problems. However, the use of MCDM techniques in startup selection and evaluation of criteria interrelationships from the accelerator perspective is yet to be researched. This study proposes a hybrid DEMATEL-ANP-based fuzzy PROMETHEE II model to rank startups and examine the interrelationships between factors. The final preference values are fuzzy numbers, making a fuzzy ranking method necessary for decision-making. An extension of ranking fuzzy numbers using a spread area-based relative maximizing and minimizing set is suggested to improve the flexibility of existing ranking MCDM methods. Algorithms and formulas are derived and a comparison demonstrates the merits of the proposed method. Finally, a numerical experiment is designed to address the viability of the hybrid DEMATEL-ANP-based fuzzy PROMETHEE II model.
ARTICLE | doi:10.20944/preprints202304.0783.v1
Subject: Business, Economics And Management, Business And Management Keywords: Online banking; Digital security; Technology implementation
Online: 23 April 2023 (07:36:13 CEST)
This research study aims to explore how during COVID-19, the adoption of online banking is impacted by various factors such as perceived usefulness, perceived ease of use, perceived security, and trust. The data were collected using the primary questionnaire with 98 respondents. The study investigates the direct effect using the PLS-SEM method, and the indirect effects are analyzed using mediation analysis. The study indicates that perceived security is an important factor that impacts the adoption of online banking by self-help groups in India. Trust in online banking without allaying the fears of banking online does not lead to the adoption of technology. Perceived ease of use and ease of usage directly impact the adoption of online banking by the members of self-help groups in India. The study is the first-ever study to measure the indirect impact of trust on the intention to use online banking by the members of self-help groups in India This study has far-reaching implications for policymakers and banks. To increase the adoption of online banking, it is important to allay the fears of security among the members of self-help groups in India.
ARTICLE | doi:10.20944/preprints202304.0644.v1
Subject: Business, Economics And Management, Business And Management Keywords: Big data predictive analytics; big data culture; competitive strategies; Strategic alliance performance; Pakistani Companies
Online: 20 April 2023 (10:07:08 CEST)
The study is based on the notion that big data predictive analytics is important for developing strategic alliances performance of companies. this study investigates the relationship between big data predictive analytics, big data culture, and competitive strategies 'techniques were adopted, such as descriptive statistics, correlation,regression, etc. using SPSS and SmartPLS statistical software. Hypotheses were tested with bootstrapped analysis using SEM (through SmartPLS). The study developed a structural equation model by using the SEM analysis. The results of the SEM analysis suggested the hypothesized model of the study was valid. The results supported all the hypotheses of the study.Through empirical analysis, demonstrated the conclusion is that the big data predictive analytics has a positive and significant relationship with strategic alliance performance
ARTICLE | doi:10.20944/preprints202304.0604.v1
Subject: Business, Economics And Management, Business And Management Keywords: shipping; ship-management; freight rates; Bayesian VAR
Online: 20 April 2023 (03:54:34 CEST)
We explore, for the first time in the literature, how the revenues of the ship-management companies respond to macroeconomic exogenous shocks. Using data for ship-management companies in Cyprus, we find evidence that a demand shock has the largest impact on revenues, exhibiting an almost one-for-one relationship. If the demand shock is permanent, we observe a ceteris paribus permanent effect on revenues. Similarly, this occurs irrespective of the final effect that demand has on the relevant freight rate, proxied via the Baltic dry and tanker (dirty and clean) indices. The BDI and the BDTI indices have smaller effect on revenues, standing at approximately 0.05% for every 1% shock, while the clean tanker index does not have an effect, most likely due to their fleet composition. In accordance with the literature, we find that a shock in the price of Brent oil increases revenues. Our results bear importance not only for ship-management companies per se, but also for countries that are ship-management hubs.
ARTICLE | doi:10.20944/preprints202304.0519.v1
Subject: Business, Economics And Management, Business And Management Keywords: Green Logistics; Green Human Resource Management; Sustainable Development of Organizations; Sustainable Production
Online: 18 April 2023 (10:50:39 CEST)
Purpose, This research aimed to examine the effect of green logistics (GL) and green human resource management (GHRM) on the performance of environmentally friendly manufacturing industries oriented towards sustainable development of organizations (SDO) through the role of sustainable production (SP) as a mediating variable. Methodology, A quantitative approach was employed through a standardized questionnaire to obtain data from 110 manufacturing industries in Indonesia that implemented environmentally friendly practices. Advanced statistical techniques, such as Structural Equation Modeling (SEM) and data analysis using Smart PLS (Partial Least Square) version 4 were utilized to analyze the collected data. Findings, The results showed that the model supported the statistical significance of all seven hypotheses and confirmed the direct and mediating effects of GL, GHRM, and SP on SDO. Practical implications, This research added critical insights into the theory and practice of GL and GHRM to realize SDO through the role of SP as a mediator in environmentally friendly manufacturing industries. Originality, This research contributd to the existing literature by adding to the effect of SP mediation on the relationship of GL and GHRM on SDO. There was no previous research that discussed the important role of SP mediation in influencing the relationship between GL and GHRM on SDO.
ARTICLE | doi:10.20944/preprints202304.0467.v1
Subject: Business, Economics And Management, Business And Management Keywords: corporate digital responsibility; CDR; digital technologies; corporate social responsibility; CSR; customer interface; case studies
Online: 18 April 2023 (03:26:24 CEST)
As the digital era advances, many industries continue to expand their use of digital technologies to support company operations, notably at the customer interface, bringing new commercial opportunities and increased efficiencies. However, there are new sets of responsibilities associated with the deployment of these technologies, encompassed within the emerging concept of corporate digital responsibility (CDR), which to date has received little attention in the academic literature. This exploratory paper thus looks to make a small contribution to addressing this gap in the literature. The paper adopts a qualitative, inductive research method, employing an initial scoping literature review followed by two case studies. Based on the research findings, a simple model of CDR parameters is put forward, and the article concludes with a discussion of a number of emergent issues - fair and equitable access, personal and social well-being, environmental implications, and cross-supply chain complexities - that suggest possible directions for future research.
ARTICLE | doi:10.20944/preprints202304.0090.v1
Subject: Business, Economics And Management, Business And Management Keywords: performance appraisal; management; financial crisis; covid-19; banking sector; Lebanon
Online: 6 April 2023 (10:45:48 CEST)
The Covid-19 health crisis and its related confinement measures and policies has had a significant impact on the telework adoptions rates, where many businesses were affected abruptly without being prepared, resulting in numerous ad-hoc applications especially while assessing employee’s performance and productivity while working remotely. The difficulties that have emerged with the pandemic have revealed the fragility of the traditional performance appraisal process and the unintentional existence of proximity bias. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon that became fully apparent toward late-2019 when large demonstrations erupted amid acute political instability and economic challenges. In light of the compounded simultaneous occurrence of recurring episodes of COVID-19 outbreaks and the ongoing country’s financial liquidity crisis, the standing of the Lebanese banking sector – who played key roles in the Lebanese economy and were long considered as financially sound and stable – has drastically changed. Faced with such a situation, Lebanese commercial banks started contracting both their branch network and human capital base, and thus they been forced to rethink their human capital strategies by implementing new practices allowing them to adapt to this context of crisis. It is in this perspective that the present research work is inscribed, where we explore the main managerial practices and processes implemented within top Lebanese banks to assess their employee’s performance during the compounded simultaneous crises. A thematic qualitative analysis method of an exploratory nature was adopted, and semi-structured interviews were conducted with senior managers from top Lebanese commercial banks. Results were processed using a deductive approach for themes identifications. Accordingly, it was concluded that in such times of acute crisis, Lebanese banks have altered the purpose of their Performance Appraisal Review (PAR) process and have implicitly or explicitly adopted a Forced Ranking method to primarily focus on retaining just the top performers, while placing those at the bottom on probation with the risk of termination.
ARTICLE | doi:10.20944/preprints202304.0034.v1
Subject: Business, Economics And Management, Business And Management Keywords: clean energy; correlation; market efficiency
Online: 4 April 2023 (02:49:29 CEST)
Climate change, the scarcity of fossil fuels, technical advances in clean energy, and the volatility of crude oil prices are just a few of the factors that have prompted the world to recognize clean energy as a viable alternative to dirty energy. As part of the Paris Climate Accord of 2015, many countries agreed to change their economies to be more sensitive to climate change. Due to this Accord, which increased interest from investors and decision-makers, investments in clean energy companies have benefited [1,2]. Clean energy stocks, which are a part of the larger world of tradable reserves, might experience pricing inefficiencies. In this paper, we investigate the multifractal scaling behavior and efficiency of green finance markets, as well as traditional markets like gold, crude oil, and natural gas between January 1, 2018, and March 9, 2023, which covers periods of low volatility and financial instability (2020 and 2022 events). To test the serial dependency (autocorrelation) and the efficient market hypothesis, in its weak form, we employed the Lo and Mackinlay test and the DFA method. The empirical findings demonstrated that both periods exhibit severe multifractal and significant asymmetry, indicating that the price indices under study are not at all efficient.
ARTICLE | doi:10.20944/preprints202302.0403.v1
Subject: Business, Economics And Management, Business And Management Keywords: Buyer Behaviour
Online: 23 February 2023 (08:48:43 CET)
This study uses the social impact theory to analyse consumer behaviour amidst Covid-19. Fear of scarcity has changed consumer buying behaviour in crisis times such as the now abating global health crisis – i.e., Covid-19. The study asserts that the existing five-stage model of consumer purchasing decisions does not fit neatly in turbulent times. It proposes a shortened four-stage process of need recognition, purchase, ownership and satisfaction as a better and more adaptable fit. Cutting out information search and evaluation of alternatives in the old model, and replacing these with ownership, is where the main contribution of the study lies. The study has implications for managing the marketing mix as we know it. It asserts that not all the 4Ps of the marketing mix are important in crisis times.
ARTICLE | doi:10.20944/preprints202302.0244.v1
Subject: Business, Economics And Management, Business And Management Keywords: digital skills; DESI index; EGDI index; e-Government
Online: 14 February 2023 (12:03:43 CET)
Digitalisation is one of the European Union's priorities. The European Parliament is shaping and helping to shape new legislation in this area. Digitisation should also help in the transition to a greener economy and in achieving climate neutrality. E-government is one area of digitisation that has been under way for several years in European countries. In this paper, we have focused on identifying different indices that are aimed at measuring digitalization or e-Government. The results of the analysis showed that there are several indices that focus on this area within the EU, such as EGDI, EPI, LOSI, DGI, e-Government benchmark, Eurostat - internet use, GII, DSGI, Going Digital toolkit and DESI. Subsequently, the index areas to be used in the DEA method to measure the effectiveness of e-Government related inputs and outputs within the EU were identified. As can be seen from the analysis, the DEA method has various uses. In order to be able to use the method properly it was necessary to select the most appropriate parameter and to verify their suitability by means of correlation analysis. Among the input and output indices were chosen Internet usage, DSGI, GII, e-Government benchmark, Interaction with public administration online. From the analysis 3 inputs and 3 outputs were used. After implementing the correlation, it can be said that the values between the selected sub-variables are suitable for DEA analysis. Two models were chosen for the calculation, namely CCR and BCC model. CCR model evaluated 10 states as efficient and BCC model evaluated 13 states as efficient. In addition, in the close analysis, we have taken a closer look at the CCR model's inference. Countries such as Denmark, Finland, Estonia, Malta, Portugal, etc. were efficient outliers. When comparing the regions within the EU, we can conclude that the countries of Northern Europe are the most efficient in the field of digitalization (e-Government). As many as 4 countries out of 7 are efficient. In a future study it would be useful to use the SBM model and try to measure the impact of digitalization on selected areas such as economy, society, environment, etc.
ARTICLE | doi:10.20944/preprints202301.0442.v1
Subject: Business, Economics And Management, Business And Management Keywords: Digital transformation; digital strategy; corporate culture; leadership; performance
Online: 25 January 2023 (04:10:26 CET)
Digital transformation of companies is often referred to as a future track and a strategic path towards ensuring the survival and sustainability of companies. In this paper, we aim to outline this transformation process in Tunisian companies and identify its driving factors and finally explain its key success factors. To this end, we examine a sample of 70 companies operating in all economic sectors. The results indicate that such a digital strategy has a significant and a positive effect on the success of digital transformation of companies. Leadership has an effect at a low level of digital maturity. On the other hand, corporate culture does not have a significant effect on digital transformation. These results contribute to explaining this emerging phenomenon by focusing on the driving factors as well as the factors that contribute to its success.
ARTICLE | doi:10.20944/preprints202301.0263.v2
Subject: Business, Economics And Management, Business And Management Keywords: Bed management; COVID-19; Emergency Department; Overcrowding; Efficiency; Hospital management
Online: 19 January 2023 (03:45:21 CET)
Overcrowding in the emergency department is a problem that generates several implications for bed management, which is deemed one of a hospital's most critical processes. Effective management of hospital production capacity includes bed management processes, which can be improved in order to leverage hospital performance. Thus, this study sought to understand how bed management works and identify the main factors that influence its management. The study was performed through a case study, with data collected from semi-structured interviews and bibliographic research, which were triangulated. Thematic content analysis of the interviews and cross-analysis were performed. As a result, the main factors that influence hospital Bed management were identified: communication between teams and units; definition of performance goals; decisions shared between units; occupation and discharge planning by the teams; length of stay; the role of the nurses; and COVID-19. The greatest difficulties in the management process are related to these factors. Additionally, suggestions are provided to mitigate such reported difficulties.
ARTICLE | doi:10.20944/preprints202301.0132.v1
Subject: Business, Economics And Management, Business And Management Keywords: Maturity Model; Sustainability assessment; Supply Chain; Intra- and inter-organizational perspec-tive; TBL dimensions
Online: 9 January 2023 (01:27:50 CET)
Nowadays, frameworks and models are critical to enabling organizations to identify their current sustainability integration into business and to follow up on these initiatives over time. In this context, the maturity models offer a structured way of analyzing how a supply chain meets specific sustainability requirements and which areas demand attention to reach maturity levels. This study proposes a five-level maturity model to help supply chains identify their level of engagement with sustainability practices combining three perspectives: intra and inter-organizational sustainability practices, triple-bottom-line approach and critical areas for sustainability. All the steps followed in constructing the maturity model were based on a literature review, and case studies supported its improvement, application, and testing. The proposed model presents many advantages, such as being used as a self-assessment tool, a roadmap for sustainability behaviour improvement, and a benchmarking tool to evaluate and compare standards and best practices among organizations and supply chains.
ARTICLE | doi:10.20944/preprints202301.0006.v1
Subject: Business, Economics And Management, Business And Management Keywords: Financial distress; Dual system banking; Loan Loss Provission; forecasting; econometrics
Online: 3 January 2023 (07:19:41 CET)
Nowadays, many Muslim-majority countries have implemented a dual banking system, namely the sharia and conventional systems. The development of Islamic banks is to fulfill the Muslims' need for the existence of halal transactions in financial institutions. However, in some countries, it turns out that conventional banks still dominate the country's economy. Because of that, it is necessary to see whether there are differences in financial risk and Earnings management between Islamic and conventional banks. The samples are conventional and Islamic banks in Southeast Asia, analyzed by the purposive sampling method from 2010-2019. The analytical tool used is the statistical difference test and economometrics analysis using generalized least square (GLS) regression with panel data (time series and cross-sectional data). These models are intended to forecasting the macroeconomics effects in applying dual banking system in one country or region. The results using non parametrics means difference test showed that the first hypothesis is accepted It means that Earnings management in conventional banks is greater than in Islamic banks. The Random Model Effect (REM) for second and third hypotheses testing on Conventional banks shows the Bankruptcy Risk and NPL do not affect the dependent variable Earnings Management (LLP). While fixed effect model testing on Islamic banks, the second and third hypothesis testing is rejected. Therefor Islamic Banks the value of Bankruptcy Risk (z-score) and the value of Non-Performing Loans (NPL) do not affect Earnings management. It also means that hypothesis 2 and 3 are rejected both in conventional as well as Islamic Banking. Sensitivity analysis for conventional as well as Islamic banking altogether using fixed effect model shows that the second and third hypotheses show that the independent variables (Bankruptcy Risk and NPL) do not affect the dependent variable Earnings Management (LLP). These results can be concluded that Islamic bank are enganged in less earnings management. Therefor in the the long run there are still more research that should conduct in comparing dual banking system in one region.
ARTICLE | doi:10.20944/preprints202212.0198.v2
Subject: Business, Economics And Management, Business And Management Keywords: labour challenges; climate change; Ukraine War; high fuel costs; sustainability
Online: 26 December 2022 (09:13:10 CET)
This exploratory study examined the impacts of COVID-19 and emerging challenges and opportunities from aviation recovery. Using archival and secondary data analysis, the study found that there are several challenges to aviation recovery chief among them are labour challenges and extreme weather events, which have been responsible for traffic disruptions in major aviation markets such as Europe and the USA. Other emerging challenges include high debt, inflation, interest rates, fuel, cost of labour, and general operational costs. The study recommends several interventions to address the sector’s challenges, including adopting risk disaster preparedness and management to foster sustainability.
ARTICLE | doi:10.20944/preprints202212.0477.v1
Subject: Business, Economics And Management, Business And Management Keywords: HRM; innovation; organizational performance
Online: 26 December 2022 (07:16:40 CET)
This study offers a concise summary of the research that has been done on alternative methods of HRM. A survey of 47 articles on the topic of creative human resource management uncovered three primary schools of thinking. At its core, innovation in HRM entails nothing more than that. One such topic worthy of investigation is the way human resource management approaches new situations. Third, research on inventiveness in the business world has given rise to the concept of "innovative HRM." Each of these three approaches, as well as the theoretical underpinnings of each, will be covered in this article. The note wraps up with a discussion of the significance of the findings for next research as well as clinical practice.
ARTICLE | doi:10.20944/preprints202212.0465.v1
Subject: Business, Economics And Management, Business And Management Keywords: Leadership; transformational leadership; moderator; mediator; innovation
Online: 26 December 2022 (03:05:16 CET)
Leaders are essential in encouraging and facilitating creative thinking among members of a group or organization. A leader must also monitor the group's initiatives to encourage innovation and fresh thinking. In this article, we take a look at the circumstances under which there is a link between leadership and original problem-solving. Thirty separate studies served as the basis for this sample. Many of these analyses see leadership independently from the concept of innovation. Both moderating and mediating factors were discussed, and two additional factors were identified for which no firm conclusions could be drawn. This investigation reveals three new potential mediators or moderators of the connection between leadership and inventiveness.
ARTICLE | doi:10.20944/preprints202212.0408.v1
Subject: Business, Economics And Management, Business And Management Keywords: mentoring; women studies; work-life balance; role management; grounded theory
Online: 22 December 2022 (02:31:23 CET)
The purpose of this study was to model the impact of mentoring on women’s work-life balance. Indeed, this study considered mentoring as a solution to create a work-life balance of women. For this purpose, semi-structured interviews with both mentors and mentees of Tehran Municipality were conducted and the collected data were analyzed using constructivist grounded theory. Findings provided a model of how mentoring affects women's work-life balance. According to this model, role management is the key criterion for balancing work-life of women. In this model, antecedents of role management and the contextual factors affecting role management, the constraints of mentoring in the organization, as well as the consequences of effective mentoring in the organization are described. The findings of this research contribute to the mentoring literature as well as to the role management literature and provide recommendations for organizations and for future research.
ARTICLE | doi:10.20944/preprints202212.0375.v1
Subject: Business, Economics And Management, Business And Management Keywords: Pair Trading; Model uncertainty; Model risk; Optimal boundary; PSX
Online: 21 December 2022 (02:44:09 CET)
The perception in pair trading is to recognize two stocks that move together, and their prices will converge to a mean value in future. However, finding the mean-reverted point at which the value of the pair will converge, and optimal boundaries of the trade is not easy. As uncertainty and model misspecifications may lead to losses. To cater for the problems, this study employs the novel entropic approach that utilizes entropy as penalty function for the misspecification of the model. The use of entropy as a measure of risk in pair trading is a nascent idea and this study utilizes daily data for 64 companies listed on PSX for the years 2017, 2018, and 2019, respectively to compute the returns based on the entropic approach. These companies cover the major sectors including Cement, Chemical, Automobile Assembler, Food and Personal Care Products, Oil and Gas Marketing Companies, Oil and Gas Exploration Companies Ltd, Power Generation and Distribution, Refinery and Pharmaceuticals. The returns to these stocks are then evaluated and compared with the Buy and Hold strategy. The results show positive and significant returns from pair trading using an entropic approach.
ARTICLE | doi:10.20944/preprints202212.0238.v1
Subject: Business, Economics And Management, Business And Management Keywords: open innovation; HRM; sustainability, UAE; inbound HR; outbound HR; technology.
Online: 15 December 2022 (06:55:17 CET)
This study proposes a structure for companies to use when implementing human resource practices in open innovation. Despite the fact that open innovation has received a lot of attention in the innovation management field as companies open their doors to information exchange in an effort to spur creative thinking, there are very few empirical articles that connect this trend to the human resource management literature. Our findings are the result of an extensive qualitative investigation into Julphar Gulf Pharmaceutical Industries Manufacturers in the United Arab Emirates (UAE) and its open innovation program. Internal, external, and combined are the three primary pillars of human resource management. We also demonstrate how the evolution of the open innovation initiative is linked to the state of the art in HRM and open innovation literature. The framework identifies HRM practices for both internal and external participants in the open innovation effort. Much of this HRM is done off the books, in a setting separate from the host company. By providing actual evidence of how firms use HRM to manage open innovation projects, our research adds to the scant and mostly theoretical literature linking open innovation and HRM.
ARTICLE | doi:10.20944/preprints202212.0227.v1
Subject: Business, Economics And Management, Business And Management Keywords: smart cities; smart citizen; public governance; digital platforms; citizen participation
Online: 13 December 2022 (06:15:41 CET)
This research seeks to understand the impact of digital platforms on the governance of smart cities. It uses the Scaffold of Popular Participation to classify digital platforms and better understand participatory governance in cities, its benefits and complications, correlating them with the SDGs of the 2030 Agenda. It was also possible to list points of attention for the development of digitization in the public sector, including in Brazil. It concluded that the digitization of public services is in progress, pressured by the civil body for greater transparency and participation. In addition, the platforms must be guided by civil inclusion in the discussion of public policies, by the training of intelligent citizens and by sustainable guidelines that guide the themes addressed. In contrast, platforms can also facilitate deception and popular manipulation, which represents a high risk if used for this purpose.
REVIEW | doi:10.20944/preprints202212.0057.v1
Subject: Business, Economics And Management, Business And Management Keywords: industry 4.0; sensors; sensor technologies; product design
Online: 5 December 2022 (02:16:25 CET)
The fourth industrial revolution, also known as Industry 4.0, has led to an increased transition towards automation and reliance on data-driven innovations and strategies. Companies in the manufacturing sector are heavily integrating Industry 4.0 technologies, including cloud compu-ting, cyber-physical systems (CPS), big data analytics, horizontal and vertical system integration, the internet of things (IoT), and additive manufacturing (3d printing). The interconnected systems and processes have significantly increased operational efficiency, enhanced organizational capacity to monitor and control functions, reduced costs, and improved product quality. One significant way that companies have achieved these benefits is by integrating diverse sensor technologies within these innovations, allowing critical data collection on products, equipment performance, and maintenance. The sensors connect systems and machines, allowing them to communicate and track operations for enhanced operations. While numerous research has been conducted to show the role of sensors in industry 4.0, limited studies show how these innovations can leverage product design to maximize benefits and opportunities. Given the rapidly changing market conditions, Industry 4.0 requires new products and business models to ensure companies adjust to the current and future changes. These requirements call for the evolutions in product design processes to accommodate design features and principles applicable in the current dynamic business environment. This research paper employs a systematic bibliometric literature review (LRSB) methodology to explore and synthesize data on how Industry 4.0 and sensors can leverage product design. The results show that various product design features create opportunities to be leveraged to guarantee the success of Industry 4.0 and sensor technologies. However, the research also identifies numerous challenges that undermine the ongoing transition towards intelligent factories and products.
ARTICLE | doi:10.20944/preprints202211.0456.v1
Subject: Business, Economics And Management, Business And Management Keywords: Inclusive leadership; Job crafting; Innovative work behavior; Belongingness; Uniqueness
Online: 24 November 2022 (09:25:46 CET)
The study aims to examine the mediating role of job crafting between inclusive leadership and innovative work behavior. The data were collected from 314 workers employed in China's small and medium-sized industries. The data collection was done through survey design. The data analysis was done through structural equation modeling using Spss 26 and Mplus 8. Inclusive leadership was found to be related to job crafting and innovative work behavior of the employees. Job crafting was found to be mediating between inclusive leadership and innovative work behavior. The study delineated the link mechanism between inclusive leadership and innovative work behavior. Studying inclusive leadership in the context of Chinese culture is a powerful complement to inclusive leadership theory. This paper provides the managers of SMEs with significant managerial insights into how inclusive leadership can effectively motivate employees’ innovative work behaviors.
ARTICLE | doi:10.20944/preprints202211.0321.v1
Subject: Business, Economics And Management, Business And Management Keywords: Tuscany; Val d’Orcia; climate change; viticulture; viniculture; agritourism
Online: 17 November 2022 (02:59:41 CET)
It is now widely accepted the climate change is having a profound impact on the weather systems around the world. These, in turn, have a considerable effect on two important elements of the Tuscan economy: wine producing and tourism. This case study sought to explore the relationship between the perception of Tuscan wine-producing agritourism owners of the potentially abstract notion of climate change and their concrete experiences as entrepreneurs. Semi-structured interviews were conducted with eight wine-producing agritourism owners or managers in Val d’Orcia, a small area of Siena, Tuscany and analyzed thematically. The impact of climate change on the area’s viticulture is undeniable but the responses to the challenges are more nuanced. Political leadership on the climate crisis appears absent and perhaps as a consequence, these small-scale operators lack knowledge and funds to enable them to plan ahead: they react often day-to-day to the immediate weather conditions rather than planning long term. While recognizing the difficulties they face from climate change as viticulturists, as agrotourism owners they welcome the longer seasons which enable them to open in the formally barren shoulder seasons but struggle with last-minute cancellations due to unpredictable weather in the area.
ARTICLE | doi:10.20944/preprints202209.0344.v1
Subject: Business, Economics And Management, Business And Management Keywords: SNA; Foreign Trade; Social network analysis; Electronic integrated circuits; UCINET; COVID-19
Online: 22 September 2022 (11:26:03 CEST)
Social network analysis (SNA) is an effective method for characterizing networks from various specific perspectives. Global trade contracted sharply in 2020 owing to the COVID-19 pandemic, and growth is expected to be lower than the pre-pandemic trends. This study takes countries worldwide as the primary unit of analysis and uses different procedures of social network analysis (SNA), including network density, centrality, and core-periphery structure, and applies them to the field of trade in electronic integrated circuit products (ICPT). In addition to static and descriptive analysis, this study also uses of tools such as Ucinet 6.732 for visual analysis, visual analysis, and more convenient and precise display of the network structure of ICPT. The important countries play a central role in determining the overall structural features. The core-periphery structure in the network from both spatial and temporal perspectives, data on electronic integrated circuit products for the period 2015-2021 were used in SNA. This study found that the ICPT network became denser from 2015 to 2021 but declined and picked up in 2018 and 2020. Moreover, the core-peripheral structure exists in the ICPT network. The main core network countries are Taiwan, Hong Kong, Singapore, mainland China, Malaysia, Japan, the Philippines, Thailand, Vietnam, and other Asian countries, including the United States and Germany.
REVIEW | doi:10.20944/preprints202209.0300.v1
Subject: Business, Economics And Management, Business And Management Keywords: health service managers; competency frameworks; capacity building; digital health; health informatics; health workforce; health management degrees
Online: 20 September 2022 (09:47:29 CEST)
Background: The COVID-19 pandemic has sped up digital health transformation across the health sectors to enable innovative health service delivery. Such transformation relies on competent managers with the capacity to lead and manage. However, the health system has not adopted a holistic approach in addressing the health management workforce development needs, with many hurdles to overcome. The objectives of this paper are to present the findings of a three-step approach in understanding the current hurdles in developing a health management workforce that can enable and maximise the benefits of digital health transformation, and to explore ways of overcoming such hurdles. Methods: A three-step, systematic approach was undertaken, including an Australian digital health policy documentary analysis, an Australian health service management postgraduate program analysis, and a scoping review of international literatures. Results: The main findings will guide the formulation of strategies in developing a digitally enabled health management workforce in the digital health era. Conclusions: With the ever-changing landscape of digital health, being able to lead and manage in times of system transformation requires a holistic approach to develop the necessary health management workforce capabilities and system-wide capacity. The evidence would support that this can be achieved with the required system, policy, educational and professional organizational enablers, which drive a digital health focused approach across all the healthcare sectors, in a coordinated and contextual manner.
ARTICLE | doi:10.20944/preprints202209.0158.v1
Subject: Business, Economics And Management, Business And Management Keywords: business turbulence; industrial connections; industrial connections climate; industrial connections instruments; organizational performance
Online: 13 September 2022 (05:02:46 CEST)
The year 2022 was characterized by several major events that impacted the business world in Indonesia and even globally after the COVID-19 pandemic devastated all business sectors in Indonesia and the world. The current business environment is experiencing accelerating turbulence characterized by increasing intensity of business competition, rapid changes in the market, and industrial connections climate. The industrial connection climate of an institution can be measured by the pattern of relationships that occur between workers and management. Industrial connections are fundamental to the sustainability of an organization and are understood as an important factor in influencing institutional performance. This research aims to look at the impact of the existence of industrial connections instruments, turbulence in the business environment on the industrial connections climate. Besides, how the industrial connections climate relates to firm performance. The research design is an inferential quantitative, using sampling and snowball sampling methods with total sample are 406. The data collected were analyzed using Structural Equation Model using LISREL version 8.70. This research used a survey to build an SEM model that tested the effect of organizational turbulence and industrial connections instruments on organizational climate directly, and tested mediation on organizational performance. All related indicators have outer loading more than 0.5 and T-value more than 1.96. Therefore, the conclusion is that all measurements are valid. Composite Reliability (CR) and VE for all indicators are >0.7 and >0.5 respectively. This research shows that industrial assosiation climate has a positive effect on business turbulence and industrial connections instruments. However, industrial connections instruments show a greater impact on the assosiation climate. This is because industrial connections instruments are the media used in the implementation of industrial connections in organizations. This research also confirms that industrial assosiation climate is positively related to organizational performance. The result of the indirect influence (IE) of 0.20 with t value is 8.47 means that the climate of Industrial connections is able to mediate the influence of Industrial connections Facilities on Organizational Performance.
REVIEW | doi:10.20944/preprints202209.0034.v1
Subject: Business, Economics And Management, Business And Management Keywords: remote work; telework; systematic literature review; work design; workforce planning
Online: 2 September 2022 (05:54:08 CEST)
The practice of telework, remote work, and working from home has grown significantly across the pandemic era (2020+). These practices offer new ways of working but come with a lack of clarity as to the role it plays in supporting the wellbeing of staff. (1) Background: the purpose of this study is to examine the current literature on wellbeing outcomes and effects of telework; (2) Methods: this study adopts a systematic literature review from 2000-2022 using the PRISMA approach and thematic analysis guided by the United Nations Sustainable Development Goals (Wellbeing, Decent Work, Gender Equality, and Inclusive Production); (3) Results: it was evident that there is a lack of clarity on the actual effects of telework on employee wellbeing, but it appeared that it had a generally positive effect on short-term wellbeing of staff, and created more flexible and proactive work design opportunities; (4) Conclusions: there is a need for more targeted research into work designs that support wellbeing and productivity of staff, and consider the environmental sustainability changes from reduced office and onsite work and increased working from home.
ARTICLE | doi:10.20944/preprints202208.0250.v1
Subject: Business, Economics And Management, Business And Management Keywords: Management; telework; communication; human resource management; business; digitalization; Covid-19 pandemic
Online: 15 August 2022 (05:57:07 CEST)
In the context of the pandemic caused by Covid-19, an important aspect that was affected and changed was the way people communicate. Communication efficiency can be improved by using modern technologies, for example: mobile devices, digital audio and video platforms, text platforms, social media and more. For further economic success, digital skills are needed not only for executives, but also for managers, in order to be able to lead teams and avoid situations of stress and tension in the virtual environment. This scientific paper includes a primary research of how the pandemic affected the communication at the workplace. For this a qualitative analysis was first performed, in which the interview was used as a working tool. Next, on the basis of a questionnaire, a hypothesis was formulated and validated afterwards through multiple linear regression. This research highlighted the particularly important role of communication and, in this context, the role of the remote team leader. In order to keep the team motivated and interested in the virtual environment, the manager must use modern tools to motivate, support and express his appreciation when the team, respectively the members of his team, achieve their goals successfully.
ARTICLE | doi:10.20944/preprints202208.0172.v1
Subject: Business, Economics And Management, Business And Management Keywords: COVID-19; Mental Health; Occupational Health; Telecommuting; Masking; Physical Distancing
Online: 9 August 2022 (04:27:48 CEST)
Background: The COVID-19 pandemic has seen a considerable expansion in the way work settings are structured with a continuum emerging between working fully in-person and from home. The pandemic has also exacerbated many risk factors for poor mental health in the workplace, especially in public-facing jobs. Therefore, we sought to test the potential relationship between work setting and self-rated mental health. Methods: We modeled the association of work setting (only working from home, only in-person, hybrid) on self-rated mental health (Excellent/Very Good/Good vs. Fair/Poor) in an online survey of Canadian workers during the 3rd wave of COVID-19. Mediating effects of vaccination, masking, and distancing were explored due to the potential effect of COVID-19 related worries on mental health among those working in-person. Results: Among 1,576 workers, most reported hybrid work (77.2%). Most also reported good self-rated mental health (80.7%). Exclusive work from home (aOR: 2.79, 95%CI:1.90,4.07) and exclusive in-person work (aOR: 2.79, 95%CI: 1.83,4.26) were associated with poorer self-rated mental health than hybrid work. Vaccine status mediated only a small proportion of this relationship (7%), while masking and physical distancing were not mediators. Conclusion: Hybrid work arrangements were associated with positive self-rated mental health. Compliance to vaccination, masking, and distancing did not meaningfully mediate this relationship.
ARTICLE | doi:10.20944/preprints202208.0130.v1
Subject: Business, Economics And Management, Business And Management Keywords: crowdsourcing; value co-creation; business sustainability; stakeholder
Online: 8 August 2022 (04:09:12 CEST)
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.
ARTICLE | doi:10.20944/preprints202208.0111.v1
Subject: Business, Economics And Management, Business And Management Keywords: critical success factors; organisational performance; shipping industry; digitalisation; digitisation
Online: 4 August 2022 (16:15:36 CEST)
The global shipping industry faces many uncertainties which impact on how organisations within this sector will perform in the future. Research in the critical success factors which impact global shipping industry in the digital era is lacking. This study plugs the gap in the literature by identifying four key critical success factors which are innovation capability, risk governance capability, leadership and strategic capability and technological capability. In addition, this study also found three organisational performance measures that are useful for senior management teams within the industry, namely, financial performance, operational performance and marketing performance. The findings establish a set of critical success factors and the corresponding relationships between the identified critical success factors and the identified organisational performance measures. The paper also provides managerial insights for industry practitioners for defining, prioritising and allocating resources in order to improve organisational performance.
ARTICLE | doi:10.20944/preprints202207.0427.v1
Subject: Business, Economics And Management, Business And Management Keywords: City Marathons; financial stability; corporate sponsors; the Bank of America Chicago Marathon; Marathon Valencia Trinidad Alfonso
Online: 28 July 2022 (03:14:14 CEST)
City marathons have evolved and grown exponentially in type and popularity, managerial complexity, for their financial impact on their host cities and for the attraction of corporate sponsors. Much research has focused on evaluating the broad economic, urban, tourist, social, sporting, and symbolic effects of city marathons on host cities. Research have not examined the importance of the contribution of sponsors to the financial stability and its implications to the overall management and further success of marathons. This article focuses on the cases of the Bank of America Chicago Marathon and the Marathon Valencia Trinidad Alfonso and examines how effective has been the contribution of their sponsors to the financial stability and its implications for the management and success of both races over time. Results show that the international success of both events –in terms of sporting participation, performance and economic impact– is closely related to the design and management of the event; the synergies between the political, business and sporting spheres that the organizational leadership of the event has made it possible to implement and, as a consequence, the support received from sponsors, which has not only provided both races with financial stability, but also has contributed to improve the management of the race.
ARTICLE | doi:10.20944/preprints202207.0395.v1
Subject: Business, Economics And Management, Business And Management Keywords: Waste Recycling System; Disaster Response; Network; Cognitive Accuracy
Online: 26 July 2022 (08:06:26 CEST)
Since the process of waste recycling generates dust and flammable gas during fragmentation, there is always a risk of fire resulting therefrom, and fire does, in fact, frequently occur. However, research on disaster management at recycling facilities deals only with the problem of processing systems from a technical point of view, but it does not suggest concrete alternatives from a management point of view. Therefore, in this study, we analyzed the influence of the disaster response network of a waste recycling center at the organizational level based on the concept of the cognitive accuracy of a network when considering administrative aspects. Through this analysis, we confirmed that factors affecting the influence of the network exist, such that the entire network and the networks of different levels of position are different. We suggest that this can be improved by deploying members who perform formal tasks at the center of the network so that everyone can agree political approach.
ARTICLE | doi:10.20944/preprints202207.0107.v1
Subject: Business, Economics And Management, Business And Management Keywords: Digital transformation; Covid-19; Bibliometrics; Web of Science
Online: 7 July 2022 (04:13:57 CEST)
The new SARS-CoV-2 coronavirus has brought with it an increase in the use of digital platforms and an exponential increase in the number of scientific papers worldwide. The purpose of this study is to show a global overview of the digital transformation from 1975 to the present (2021). The main collection of the Web of Science database was used to retrieve global scientific production on digital transformation. Bibliometric indicators of production, visibility, impact, and collaboration were analyzed to assess research progress on the topic. The results show that digital transformation is a construct of recent development, increasingly relevant and transdisciplinary, with a clear growth after the declaration of the global COVID-19 pandemic.
ARTICLE | doi:10.20944/preprints202207.0103.v1
Subject: Business, Economics And Management, Business And Management Keywords: Covid-19; shoes; smart management; shoemaking machinery; sustainable management
Online: 7 July 2022 (03:48:28 CEST)
During the Covid-19 pandemic in Taiwan, analytical tools of PEST (political, economic, social-cultural, and technological), SWOT (strength, weakness, opportunity, threat), nine building blocks of a business model canvas, and knowledge management were combined to develop a theoretical framework, and used to assess business, smart and sustainable management of two case companies: Tung Sheng Company Limited and its subsidiary, Strong Basic Enterprise Limited. A heuristic inquiry research design was adopted. In addition to secondary data from the two case companies, major top managers were interviewed to reveal constructive questions about the existing business models and to re-interpret strategy. The results showed that case companies own capabilities of R & D (research and development) as a foundation to further apply new smart ICT (information and communication technology) and execute green manufacturing. Additionally, strong key partnerships are used to diversify business investment for leveraging on limited resources given current insufficient qualified employees. Resilient practices adopted new and green technology to help mitigate the negative impacts of the Covid-19 pandemic. This study provides a useful framework and practical information about how to examine business models, smart and sustainable management processes of the two case companies and to make adjustments in strategies for the future.
ARTICLE | doi:10.20944/preprints202207.0102.v1
Subject: Business, Economics And Management, Business And Management Keywords: strategic flexibility; bricolage; absorptive capacity; product innovation; SMEs
Online: 7 July 2022 (03:38:22 CEST)
There have been relatively few researches that determine the role of bricolage in mediating the empirical relationship between strategic flexibility and product innovation. However, most of the research has studied strategic flexibility to engage the absorptive capacity and facilitate product innovation. The Bricolage approach emphasizes utilizing existing resources in product innovation and explores the mechanisms behind bricolage. A resource-based approach to product innovation involves combining resources in the development process in a concrete manner. This is a groundbreaking study since it is the first to examine empirically how absorptive capacity affects product innovation through bricolage and the serial mediation of strategic flexibility. As a consequence of presenting our results, we concluded that absorptive capacity positively and significantly influences product innovation through the serial mediation of strategic flexibility and bricolage. For strategic flexibility to play a role in supporting product innovation, bricolage is one of the mechanisms that can be utilized. This study contributes to the literature on strategic flexibility by examining the effect of strategic flexibility on bricolage and product innovation from the standpoint that absorptive capacity enhances the strategic flexibility of high-tech SMEs in China. Furthermore, this research offers new insights into the relationship between absorptive capacity and product innovation. In addition, it also provides insight into the economic opportunities that may result from product innovation in transition economies such as China.
ARTICLE | doi:10.20944/preprints202207.0016.v1
Subject: Business, Economics And Management, Business And Management Keywords: public institutions; transformations; professional training; pandemic; reform; model
Online: 1 July 2022 (15:57:13 CEST)
This article analyzes the perspectives of professional training of the public administration staff, from the viewpoint of the sustainability criteria, starting from the experiences of the online courses run in the last two years. In order to understand the nature, type and magnitude of the changes caused by the Covid-19 pandemic in the field of professional training for public administration, we performed a survey among public institution employees, by applying a questionnaire. The instrument included qualitative elements, to allow the framing of statistical results. The article is grounded on the hypothesis that the professional training activities in the last two years were organized preponderantly online and it aims to analyze the sustainability of the new teaching systems/methods. The limitations of the study are given by the fact that each administrative system has structure particularities and its own legal framework regarding the professional training of public administration staff, what makes that the model proposed cannot be applied in all countries. The study provides a model of online professional training for public administration staff, sustainable, based on the experience accumulated in the last two years.
ARTICLE | doi:10.20944/preprints202206.0360.v1
Subject: Business, Economics And Management, Business And Management Keywords: tourism and related; SMEs; small particulate matters; association rules; data mining
Online: 27 June 2022 (10:24:27 CEST)
In northern Thailand, the problem of small particulate matter happens every year, with the pri-mary source being agricultural weed burning and wildfire. The tourism industry is strongly impacted and has been the spotlight for the past few years. Thus, the study aims to investigate the effect of small particulate matter on tourism and related SMEs in Chiang Mai, Thailand. The data was collected from 286 entrepreneurs in the tourism and related SMEs sectors. The data was analyzed using data mining and association rule techniques. The study revealed that small particulate matter has a considerable impact on customer factors, especially the number of customers has decreased. Operational factors and prod-uct/service factors are also affected by the dust in the form of adjustments to keep the business running and the protection of the health of employees and customers. Certainly, financial factors are affected by the small particulate matter situation, both lower revenues and higher costs.
ARTICLE | doi:10.20944/preprints202206.0157.v1
Subject: Business, Economics And Management, Business And Management Keywords: Bricolage; Environmental Turbulence; High-Tech Industries; New Product Development; Strategic Flexibility
Online: 10 June 2022 (08:39:43 CEST)
Few studies have examined the role of mediating mechanisms played by bricolage in the relationship between strategic flexibility and new product development, even though most of the studies view strategic flexibility as a capability to cope with environmental turbulence and promote product innovation. The bricolage approach embraces the resource-based understanding of the product development process as a concrete process of recombining resources in the process and exploring the mechanisms behind the bricolage approach. This study is the first of the kind that has examined the empirical effect of environmental turbulence on new product development through serial mediation of strategic flexibility and bricolage. Based on our results, environmental turbulence positively and significantly affects new product development through the serial mediation of strategic flexibility and bricolage. Bricolage is one of the mechanisms by which strategic flexibility may play a part in supporting product innovation. Our contribution to strategic flexibility research comes from examining the effect of strategic flexibility on bricolage and new product development from the point that environmental turbulence compels the high-tech industries to remain strategically flexible for their sustainability and growth. Besides providing new evidence on the relationship between environmental turbulence and product innovation, this research also provides new insight into the economic opportunity of new product development in transition economies such as China.
ARTICLE | doi:10.20944/preprints202206.0150.v1
Subject: Business, Economics And Management, Business And Management Keywords: Cartoon characters; Neuromarketing; Preference; Renewable energy technology (RET); theme park; Hong Kong
Online: 10 June 2022 (05:15:25 CEST)
Renewable energy technologies (RET) are critical to the sustainable development of modern societies. Hong Kong has set up a RET theme park so as to fulfill the needs of and impart knowledge on RET through entertainment and educational activities. Such understanding aids in formulating appropriate future park designs and neuromarketing strategies to maximize the attractiveness of the park. Therefore, this study attempts to investigate potential visitors’ preferences with regard to cartoon characters in the RET theme park, especially for student groups to meet the “edutainment” theme of the park. A total of 400 people have participated in this study. Findings indicate that Snoopy, Mickey Mouse, and Donald Duck show a high degree of likeness of presence in the RET theme park.
ARTICLE | doi:10.20944/preprints202206.0042.v1
Subject: Business, Economics And Management, Business And Management Keywords: Technology; Law; Society; Economics; Business Strategy; Globalisation; Deglobalisation
Online: 3 June 2022 (10:11:01 CEST)
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.
ARTICLE | doi:10.20944/preprints202205.0391.v1
Subject: Business, Economics And Management, Business And Management Keywords: circularity of materials; circular activity; recycling; regression model; key elements
Online: 30 May 2022 (09:59:03 CEST)
The authors have revised the circularity of materials, which is important to stimulate circular activity processes. The theoretical part starts with describing the characteristics of the circular activity and the comparison of circular and linear systems in terms of recycling. Later on, the authors examined key elements important for the circularity and the results of an examination of various sectors. The authors formed a correlation matrix and used a dynamic regression model to identify the circular material use rate. The authors suggested a three-level methodology, using it provided a dynamic regression model which could be applied for forecasting the size of circular material use rate in European Union countries. The results show that private investments into recycling and the recycling of electronic waste and the recycling of other municipal waste categories are important in seeking to increase the usage rate of circular materials.
ARTICLE | doi:10.20944/preprints202205.0374.v1
Subject: Business, Economics And Management, Business And Management Keywords: Business Model Innovation; Exponential Organizations; Case Study
Online: 27 May 2022 (09:06:31 CEST)
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.
REVIEW | doi:10.20944/preprints202205.0114.v1
Subject: Business, Economics And Management, Business And Management Keywords: Blockchain Technology; Industry 4.0; Supply Chain Management; Text mining; Metaverse; Hashgraph, Baas.
Online: 9 May 2022 (10:01:43 CEST)
In the current business environment, firms are eager to adopt new technology as they witness and perceive more and more successful business applications of new technologies, e.g., Big Data, Artificial Intelligence (A.I.), Cloud Computing, etc. As one of the disruptive technologies, Blockchain technology (BCT) is now drawing public attention owing to the cryptocurrency phenomenon (e.g., Bitcoin), for which Blockchain serves as the backbone technology. Given certain innovative features of BCT, especially its transparency, traceability, security, efficiency, confidentiality, and immutability, BCT holds out the promise of impacting supply chain operational and financial efficiencies. Recently, the burgeoning of Metaverse and Non-Fungible Token (NFT) has boosted the BCT as state-of-the-art technology to another notch. Motivated by the proliferating adoption of BCT, we conduct a holistic literature review with a focus on the status of research on BCT in the context of Supply Chain Management (SCM). In particular, this Blockchain-centered research reviews the research up to date on the Blockchain application in SCM. It provides holistic review in terms of (1) the functionality of BCT and its salient features; (2) the prevailing and potential applications of BCT; (3) and the business benefits and impact of BCT in SCM. Finally, we substantiate and highlight a variety of research directions.
ARTICLE | doi:10.20944/preprints202205.0032.v1
Subject: Business, Economics And Management, Business And Management Keywords: digitalisation; sustainability; sustainable development goals; European Union; regression equations
Online: 5 May 2022 (10:24:13 CEST)
Digitalisation provides access to an integrated network of information that can benefit society, and business. Building digital network and society using digital means can create something unique opportunities to strategically address sustainable development challenges for the United Nations Targets (SDG) to ensure higher productivity, education and to equality oriented society. This point of view describes the potential of digitalisation for society and business of the future. The authors revise the links between digitalisation and sustainability in the European Union countries. The methodology for the research is suggested in the paper and linear regression method is applied. The results showed tiers with five SDG, focusing on society and business, and all these tiers are fixed in the constructed equations for each SDG. The suggested solution is statistically valid and proves the novelty of research. Among digitalisation indicators, only mobile-cellular subscriptions and fixed-broadband sub-basket prices in part have no effect on researched sustainable development indicators.
ARTICLE | doi:10.20944/preprints202204.0237.v1
Subject: Business, Economics And Management, Business And Management Keywords: Chinese family business; intergenerational succession intention; institutional environment; innovation investment; innovation output
Online: 26 April 2022 (10:39:47 CEST)
In the development and growth of family businesses, succession is an unsolvable problem, which is also a popular focus of academic research. For a family firm, succession may be a strategic decision but also a long-term and intricate "footrace." It will have a significant impact on the long-term viability of a family firm if it is not handled appropriately. This study mainly explores the influences of family business owners' intergenerational succession intention on their family firms’ innovation strategy in China. In addition, this study further examines the moderating role of the institutional environment in the above relationship. Therefore, the data in this article comes from a survey of 271 family businesses in eight different regions of China. Also, this paper can aid the smooth transition of intergenerational transmission of small and medium-sized family businesses in addition to the untroubled development of technological innovation activities. Specifically, the institutional environment plays a negative moderating role in the relationship between family succession, radical succession, technological innovation, and a positive regulating role in the relationship between single equity succession and technological innovation.
REVIEW | doi:10.20944/preprints202203.0325.v1
Subject: Business, Economics And Management, Business And Management Keywords: industry 4.0; marketing
Online: 24 March 2022 (07:54:11 CET)
Industry 4.0 or the Fourth Industrial Revolution is driven by innovative technologies that have profound effects on both production systems and business models. This revolution is characterized by the addition of disruptive technologies and methods. These aspects of Industry 4.0 have a significant impact on marketing and have led to an evolution to ensure that marketing activities align with technological advancements and address consumers' current needs. The purpose of this paper is to formulate and discuss future research avenues for marketing considering the changes brought by Industry 4.0. The approach taken in the paper is to review the relevant literature and focus on the key themes most important for future research on industry 4.0 and marketing. Therefore, a systematic literature review was conducted based on SCOPUS indexing online database of scientific articles, the most important peer-reviewed peer in the academic world. The paper finds that there are a number of research avenues for marketing researchers to conduct investigations on, but the most important areas are five marketing principles in Industry 4.0: cooperation, conversation, co-creation, cognitivity, and connectivity.
ARTICLE | doi:10.20944/preprints202203.0149.v1
Subject: Business, Economics And Management, Business And Management Keywords: virtual team adaptation; individual differences; management perspective
Online: 10 March 2022 (12:54:03 CET)
In the contemporary business world, digital transformations have undergone vast and important developments over the last several decades, and they have aided in the development of the virtual team concept, in which geographically dispersed team members work to achieve a common goal. Virtual teams, according to the literature, suffer from process losses more frequently than their face-to-face counterparts. Although just a few studies have looked at the effects of individual differences in virtual teams, this study fills in the gaps by examining the impact of individual differences: Age Disparity (AD), Gender Disparity (GD), Language Competency (LC), and IT Competency (ITC) in management perspective on virtual team adaptation in the Sri Lankan private sector. A survey was used to collect data from a sample of 175 private sector companies in Sri Lanka during the COVID- 19 pandemic, and the data was analyzed using partial least squares path modeling (PLS) to test the study's hypotheses. The results indicated that the hypotheses were statistically significant only in the language competency and IT competency and their effects were in the expected direction. Future research could benefit from perceptions of employees in public sector organizations.
REVIEW | doi:10.20944/preprints202203.0106.v1
Subject: Business, Economics And Management, Business And Management Keywords: sustainability; sustainable entrepreneurship
Online: 7 March 2022 (14:58:37 CET)
On these days, issues such as environmental degradation, wealth gap and unequal access to op-portunities and resources are increasing. These concerns have increased the need for sustainable entrepreneurship, defined as sustainable business practices. Entrepreneurship is central in transi-tioning towards a more sustainable future, whereas aligning the social, economic, and ecological objectives and ecological entrepreneurs play a role. This literature review analyzes the field of sustainable entrepreneurship and the extent of their integration in the global business arena. It aims to analyze the depth of existing pieces of literature on sustainable entrepreneurship, its defi-nitions and applications in business practices. The analysis relies upon a literature search on the SCOPUS database around the keywords ‘Sustainability’ and ‘Sustainable Entrepreneurship’. The scientific software VOSviewe is used to better ilustrate the linkage of major categories and correspondent trends, related both with business growth and maintenance of ecological systems. It concludes that the desired levels of sustainability require collaborations between all stakehold-ers, while the transition towards service‐oriented business models has contributed to the growth of sustainable entrepreneurship. Nevertheless, existing institutional structures favor current unsustainable businesses and systems over the newer sustainable ones, demanding from eco-preneurs to initiate institutional changes
ARTICLE | doi:10.20944/preprints202203.0083.v1
Subject: Business, Economics And Management, Business And Management Keywords: management and control practices; corporate governance; internal control; compliance; conformity; Social Health Organization (SHO)
Online: 4 March 2022 (14:06:21 CET)
To determine the adequacy of management practices in Social Health Organization (SHO) in face of compliance guidelines established by Brazilian organizations. This was qualitative research. Data were gathered through interviews and documentary analysis and were analyzed through the interpretation of significances and content analysis. The entity structures the compliance function based on three axes: a) normative - institutionalization of the integrity program, ethical conduct, internal controls and risk management; b) commercial - institutionalization of mechanisms aimed at transparency and accountability of the funds raised. However, the Covid-19 pandemic generated unforeseen contingencies such as accountability for funds from private donations; c) organizational - adherence by top management in maintaining a structure for inspection and control of the institution’s processes and behaviors in the market in which it operates. Based on the analysis of documents there is 76% adequacy of adherence of management practices to the compliance guidelines. It is concluded that organizations that depend on resources and understand that the subsidies they receive, whether government, whether public or private donations, will make the necessary efforts to ensure high levels of compliance, their choices and conduct preserve their image and the achievement of greater credibility and legitimacy.
ARTICLE | doi:10.20944/preprints202203.0047.v1
Subject: Business, Economics And Management, Business And Management Keywords: electricity markets; financial intermediation; money; institutions; business models
Online: 2 March 2022 (12:18:31 CET)
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.
ARTICLE | doi:10.20944/preprints202202.0269.v1
Subject: Business, Economics And Management, Business And Management Keywords: Utility; Reforms; Governance; Regulation; Incentives; Agency; Liberalization; Performance
Online: 22 February 2022 (11:02:29 CET)
The power sectors in most African countries face an enduring problem of utility performance – electricity utilities have failed to deliver adequate, reliable and competitively priced electricity to support economic growth and improve the welfare of their populations. Despite more than two decades of power sector re-forms, outcomes have been varied and often disappointing. Using a case study de-sign, we explore the five key enduring power challenges. The research utilizes a more powerful analytical framework that combines power sector reform theory and principal-agent theoretical lens to explore the experience of power sector reforms in Kenya and provides a deeper understanding of drivers of utility performance and reform impacts. Empirical findings show that the structural, governance and regulatory reforms that previously created incentives for improved utility performance are increasingly threatened by political influence. Kenya Power’s financial viability has deteriorated in recent years and the regulator has been undermined. One of our major conclusions is that when the relationship between the principal (government) and agent (utility) is well understood and the agent is properly incentivized, performance improvements are possible. However, when the government undermines or muddies those incentives through conflicting political interventions, performance improvements can be reversed.
ARTICLE | doi:10.20944/preprints202201.0340.v1
Subject: Business, Economics And Management, Business And Management Keywords: Digital Transformation; SME; Digital Orientation; Digital Capability; Financial Performance; Mediation Analysis
Online: 24 January 2022 (10:25:48 CET)
The COVID-19 crisis has emphasized the importance of digital transformation of SMEs and has served as an accelerator. Digital transformation empowers SMEs to rethink the way they make decisions and apply technology in meaningful and sustainable ways. The purpose of this study is to explore the role of digital transformation, fostered by COVID-19, and its potential contribution to the sustainability of SMEs. This paper examines a new conceptual framework designed on resource-based theory perspectives by using a survey data of 246 SMEs in Latvia and employing mediation analysis. The main findings of the study are that digital orientation and digital capability have direct positive effects on digital transformation; higher levels of digital orientation and capability, mediated by digital transformation, lead to higher revenue; as well as a more sophisticated business model in the case of digital orientation. Even if we cannot confirm that higher digital capability, mediated by digital transformation, leads to a more sophisticated business model, we found statistically significant direct effects from digital capability to digital transformation and from digital transformation to business model. These findings can be useful for policymakers, managers and practitioners to clarify how digital orientation, digital capability intermediated through digital transformation affect sustainability of SMEs.
CONCEPT PAPER | doi:10.20944/preprints202201.0332.v1
Subject: Business, Economics And Management, Business And Management Keywords: Decision Making Process; Social Networks; Social Commerce; Social Support
Online: 21 January 2022 (14:53:08 CET)
The introduction of social commerce ushered in a new era in business-consumer interaction. As a result, more power has passed from the vendor to the buyer, primarily fueling e-commerce acceptance. As a result, understanding consumer behaviour in the context of social commerce adoption has become essential for businesses looking to persuade customers by using the power of social ties and support.Furthermore, such social ties will facilitate trust as the most promising benefit while reducing perceived risk, which has always been a critical problem with online commerce. This study proposes a paradigm for understanding the impact of social commerce on the stages of the consumer decision-making process: need recognition, information search, alternative evaluation, purchase decision, and post-purchase behaviour, with a focus on social support. In this respect, relevant literature in the subject of social commerce either (1) lacks an adequate explanatory model, (2) has a solid theoretical base, or (3) contains practically complex theories with insufficient empirical data. The research model applies the Social Commerce Constructs (SCC): recommendations and referrals, forums and communities, and ratings and reviews to study the respective influence on the consumer decision-making process phases. This paper aims to understand the influence of social commerce on an integrative model that incorporates all customer choice phases while expecting new knowledge. Furthermore, it is advised that this conceptual model be empirically verified to evaluate the practical consequences.
ARTICLE | doi:10.20944/preprints202201.0287.v1
Subject: Business, Economics And Management, Business And Management Keywords: Institutional support; new ventures; entrepreneurial orientation; innovation resource acquisition; innovation performance.
Online: 20 January 2022 (08:12:07 CET)
Based on the institutional theory and resource-based theory and the "institution-strategy-performance" research paradigm, this research explores the mechanism of institutional support on the innovation performance of new ventures, focusing on the mediating role of entrepreneurs and the moderating role of innovative resource acquisition. An empirical analysis based on 278 survey samples shows that: ① (formal/informal) institutional support positively affects the innovation performance of new ventures; ② entrepreneurial orientation plays an intermediary role between institutional support and innovation performance of new ventures; ③ innovation resource acquisition not only positively regulates the relationship between entrepreneurial orientation and innovation performance of new ventures, but also enhances the mediation of entrepreneurial orientation between institutional support and innovation performance. The conclusion shows that institutional support plays an important role in the innovation practice of new ventures, and can provide guidance for the innovation management practices of new ventures.
ARTICLE | doi:10.20944/preprints202201.0282.v1
Subject: Business, Economics And Management, Business And Management Keywords: Project management; geothermal; co-benefits; sustainable development; innovation, operationalization
Online: 19 January 2022 (16:08:41 CET)
Despite knowledge concerning stakeholders and the economic advantages of consultation, collaboration and innovation, analysis of the sustainability implications of the geothermal industry has tended to take a high-level or systemic overview of national performance. This study seeks to begin to fill this gap in the academic and grey literature, investigating the following research question: how do projects in the Icelandic geothermal energy sector create co-benefits with stakeholders and reflect the integration of sustainable energy development (SED)? The focus of its analysis is on identifying who are the stakeholders, what are the sustainability benefits co-created with stakeholders, and when in the project lifecycle do these occur. Based on eleven semi-structured interviews with project managers in Iceland’s geothermal industry, the study identifies a broad array of stakeholders in the sector, including national and municipal governments and public sector institutions, businesses, the public, employees and landowners. The sustainability co-benefits of Iceland’s geothermal power projects are broad and cut cross all six themes of SED and multiple phases of the project lifecycle. Although the sustainability benefits are very apparent, trade-offs are reported between the pursuit of an economically efficient energy system and nature conservation. This relates to unsustainable utilization of the resources and the environmental externalities of power production and consumption. Efforts to mitigate these effects are ongoing and the further pursuit of SED is likely in Iceland given its recognition within the nation’s new energy policy and to meet ambitious greenhouse gas emissions reduction targets in the government’s climate action plan. These are issues that are prominent in other nations seeking to decarbonize energy systems through increased utilization of geothermal resources.
ARTICLE | doi:10.20944/preprints202201.0172.v2
Subject: Business, Economics And Management, Business And Management Keywords: blockchain; healthcare supply chain management; logistics cooperation; big data
Online: 19 January 2022 (12:09:00 CET)
This study emphasizes the necessity of introducing a blockchain-based joint logistics system to strengthen the competency of medical supply chain management (SCM) and tries to develop a healthcare supply chain management (HSCM) competency measurement item through an analytic hierarchy process. The variables needed for using blockchain-based joint logistics are the performance expectations, effort expectations, promotion conditions, and social impact of the UTAUT model, and the HSCM competency results in increased reliability and transparency, enhanced SCM, and enhanced scalability. Word cloud results, analyzing the most important considerations to realize work efficiency among medical industry-related agencies, mentioned numerous words, including sudden situations, delivery, technology trust, information sharing, effectiveness, urgency, etc. This might imply the need to establish a system that can respond immediately to emergency situations during holidays. It could also suggest the importance of real-time information sharing to increase the efficiency of inventory management. Therefore, there is a need of a business model that can increase the visibility of real-time medical SCM through big data analysis. By analyzing the importance of securing reliability based on the blockchain technology in the establishment of a supply chain network for HSCM competency, we reveal that joint logistics can be achieved and synergistic effects can be created by implementing the integrated database to secure HSCM competency. Strengthening partnerships, such as joint logistics, will eventually lead to HSCM competency. In particular, HSCM should seek ways to upgrade its competitive capabilities through big data analysis based on the establishment of a joint logistics system.
ARTICLE | doi:10.20944/preprints202201.0138.v1
Subject: Business, Economics And Management, Business And Management Keywords: Smart Grid; Random Forest; Internet of Things; Power management; Machine Learning; Smart Meter; Priority Power Scheduling.
Online: 11 January 2022 (13:01:08 CET)
Presently power control and management play a vigorous role in information technology and power management. Instead of non-renewable power manufacturing, renewable power manufacturing is preferred by every organization for controlling resource consumption, price reduction and efficient power management. Smart grid efficiently satisfies these requirements with the integration of machine learning algorithms. Machine learning algorithms are used in a smart grid for power requirement prediction, power distribution, failure identification etc. The proposed Random Forest-based smart grid system classifies the power grid into different zones like high and low power utilization. The power zones are divided into number of sub-zones and map to random forest branches. The sub-zone and branch mapping process used to identify the quantity of power utilized and the non-utilized in a zone. The non-utilized power quantity and location of power availabilities are identified and distributed the required quantity of power to the requester in a minimal response time and price. The priority power scheduling algorithm collect request from consumer and send the request to producer based on priority. The producer analysed the requester existing power utilization quantity and availability of power for scheduling the power distribution to the requester based on priority. The proposed Random Forest based sustainability and price optimization technique in smart grid experimental results are compared to existing machine learning techniques like SVM, KNN and NB. The proposed random forest-based identification technique identifies the exact location of the power availability, which takes minimal processing time and quick responses to the requestor. Additionally, the smart meter based smart grid technique identifies the faults in short time duration than the conventional energy management technique is also proven in the experimental results.
ARTICLE | doi:10.20944/preprints202110.0068.v2
Subject: Business, Economics And Management, Business And Management Keywords: Cross-Border Electronic Commerce (CBEC); Export Marketing Strategy (EMS); International Dynamic Marketing Capability (IDMC); Dynamic Managerial Capability (DMC); Entrepreneuri-al Orientation; Networking Capability; Versatile Dynamic Capability
Online: 4 January 2022 (20:26:24 CET)
For better export marketing strategies (EMS), companies mobilize their internal resources, which are managerial commitment, firm experience, and product uniqueness. However, Small businesses with constrained resources cannot be well explained with this view. So, more research on how small business come up with EMS have been called for. To explain how resource-restricted firms which rely heavely on entrepreneur, this study adopted the concept of dynamic managerial capabilities (DMCs) and resource versatility to better explain small business exports. We analyzed small businesses in Mongolia with qualitative research methods, including interviews with entrepreneurs and support organizations, site visits, and group discussions. We suggest international dynamic marketing capabilities (IDMCs), which are entrepreneurial orientation, networking capability, and versatile dynamic capability for small business. Theoretical and managerial implications are discussed.
REVIEW | doi:10.20944/preprints202201.0011.v1
Subject: Business, Economics And Management, Business And Management Keywords: microgrids; Australia; ownership; business models; value streams; community; energy efficiency.
Online: 4 January 2022 (15:17:02 CET)
AAs the global energy market undergoes a wholesale transformation accelerated by the need to decarbonise, a rapid transition to renewable energy and the mass deployment of distributed energy resources, autonomous energy networks or microgrids are emerging as an attractive mechanism for the delivery of electricity to end users. Yet in Australia, at least, relatively little is known about key aspects of microgrids that are fundamental to their successful deployment, not least the more commercial and economic elements rather than the purely technical. Drawing on the extant global literature on microgrids, this paper explores the most important of these aspects including business models, ownership and investment. Identifying the ambiguity, inconsistency and uncertainty evident in many of the feasibility studies currently in train across Australia, this paper highlights specific areas for future research that need to be addressed if the full potential of microgrids is to be realised in the context of a global energy transition both domestically and internationally.