Driving economic growth through corporate competitiveness: Insights from Myanmar's business landscape

<p>India has proven to be one of the most diverse and dynamic economic regions in the world. Its industry focuses predominantly on the service sector and immediate economic growth seems to steer India into the economic superpower. India's unique business landscape is felt at a regional level, where massive urbanization has become an unavoidable consequence of population growth and spatial allocation to the economic hubs of metropolitan cities. Mumbai, one of the world's largest cities, represents a unique combination of a diverse economic landscape and the growth of a megacity. The role of Mumbai in India's growth is of crucial importance for India's business landscape. This paper explores the massive urbanization processes of Mumbai's peri-urban areas and compares urban sprawl with the location of its business landscape. A spatial accounting methodology based on the proximity of Mumbai's different economic hubs will be used to measure the underlying pattern of the Mumbai region, concerning past and present urbanization, and the effect of this urbanization process has on the possible location of businesses. This business-urban ecosystem perspective will be implemented by a spatial analysis on the correlation between urban compactness and urban footprints, in relation to business concentration and its spatiotemporal evolution over the last hundred years. </p>

<p>India has proven to be one of the most diverse and dynamic economic regions in the world. Its industry focuses predominantly on the service sector and immediate economic growth seems to steer India into the economic superpower. India's unique business landscape is felt at a regional level, where massive urbanization has become an unavoidable consequence of population growth and spatial allocation to the economic hubs of metropolitan cities. Mumbai, one of the world's largest cities, represents a unique combination of a diverse economic landscape and the growth of a megacity. The role of Mumbai in India's growth is of crucial importance for India's business landscape. This paper explores the massive urbanization processes of Mumbai's peri-urban areas and compares urban sprawl with the location of its business landscape. A spatial accounting methodology based on the proximity of Mumbai's different economic hubs will be used to measure the underlying pattern of the Mumbai region, concerning past and present urbanization, and the effect of this urbanization process has on the possible location of businesses. This business-urban ecosystem perspective will be implemented by a spatial analysis on the correlation between urban compactness and urban footprints, in relation to business concentration and its spatiotemporal evolution over the last hundred years. </p>

India has proven to be one of the most diverse and dynamic economic regions in the world. Its industry focuses predominantly on the service sector and immediate economic growth seems to steer India into the economic superpower. India's unique business landscape is felt at a regional level, where massive urbanization has become an unavoidable consequence of population growth and spatial allocation to the economic hubs of metropolitan cities. Mumbai, one of the world's largest cities, represents a unique combination of a diverse economic landscape and the growth of a megacity. The role of Mumbai in India's growth is of crucial importance for India's business landscape. This paper explores the massive urbanization processes of Mumbai's peri-urban areas and compares urban sprawl with the location of its business landscape. A spatial accounting methodology based on the proximity of Mumbai's different economic hubs will be used to measure the underlying pattern of the Mumbai region, concerning past and present urbanization, and the effect of this urbanization process has on the possible location of businesses. This business-urban ecosystem perspective will be implemented by a spatial analysis on the correlation between urban compactness and urban footprints, in relation to business concentration and its spatiotemporal evolution over the last hundred years.

The academic accounting literature usually applies a retrospective approach in capturing reality. Accounting topics are explored considering past implementation in the economic practice in a ‘backtesting’ approach. This is very much criticized outside academia, as academia may thereby miss the practical relevance due to this backward approach. Accounting in academia is said to therefore fail to treat real practical business issues on time as for lacking the intention to perform any predictive statements. Accounting is the language of business, however, the landscape of business is changing dramatically at breakneck speed with a technological disruption ongoing in the wake of the artificial intelligence, algorithms and robotics introduction into our contemporary economy. This paper intends to follow a prospective approach and future-oriented direction in attempting to predict the future of digital accounting. The main research question is how accounting will be impacted by digitalization and how will the dynamic business in reverse impact the future of accounting? The method applied is a qualitative. In a focus group, in which accounting experts were asked to brainstorm on future trends with regards to accounting, four mega trends were identified. Those four mega trends are: (1) Blockchain/Distributed Ledger Technology, (2) Big Data, (3) Agile organizational model and (4) artificial intelligence, which are analyzed applying a behavioral approach in this paper to assess from which accounting will be the most impacted and how. The discussion reflects on the fact that the digital accounting revolution may be completely novel as – for the very first time in a historical line of economic disruptions and market innovations – this time decision making will be given up to algorithms. The results of this conceptual paper are structured applying Scott’s model of Financial accounting to the four mega trends. The final outlook projects the need for measuring economic growth differently and legally prepare for a preponderance of artificial agents. The paper is of unprecedented value in a current market of rising corporate debt as the outlook can aid the integration of novel economic growth features derived from the new economy that are not accounted for in neither standard economic growth theory nor accounting standards.

It is well known that an important conceptual issue was first raised in a seminal debate between Dodd and Bearle in the early 1930s regarding whether the corporation is the property of the stockholders, or if the board should owe fiduciary duties to the stakeholders in general. To date it does not seem that this issue has been resolved. One view became more powerful and prevalent at one time, but then its influence relatively declined in response to public opinion, emergent economic environments and business landscape, particular events (such as the Asian financial crisis and the Enron scandal) and so on. Recently the stakeholders-society view seems to be somewhat regaining its momentum. There seems to be two important factors for this. One is the rising importance of human knowledge assets for corporate competitiveness in spite of, or rather because of, the development of digital information technology. The other is the rising public awareness of the values of natural environments which corporate activities are embedded in, as well as exert significant impacts on.

With the emergence and development of digital technologies such as the Internet, cloud computing, artificial intelligence, and big data, the digital economy has become an important tool for leading industrial transformation and economic growth, and digital transformation is gradually becoming a key entry point for enterprises to innovate and enhance competitiveness. In the "14th Five-Year Plan," China sets "accelerating digital development and building a Digital China" as a long-term goal, while also prioritizing the digital transformation of enterprises as one of its key tasks. To respond to the national call and the call of the times, various enterprises have accelerated their digital transformation efforts, treating it as a crucial strategic priority. Through digital transformation, enterprises can achieve real-time decision-making, precise forecasting, improve cost management effectiveness, reduce costs across all links in the value chain, and enhance overall corporate competitiveness. This article takes Midea Group, which has achieved certain success in digital transformation, as a case study to examine the impact of digital transformation on its value chain cost management, providing some reference for enterprises that are currently undergoing or will undergo digital transformation.

Economic development and environmental protection are interdependent and interdependent. While vigorously developing the economy, environmental protection cannot be ignored. Enterprises are the main body to promote economic advancement. Consequently, it is extremely inevitable for policy makers to formulate scientific and reasonable sustainable development policies to drive the green development of enterprises. This paper studies the relationship between corporate green economic development and environmental policy by analyzing the impact of environmental policy on corporate competitiveness and innovation ability, using empirical analysis, data analysis and questionnaire methods. It is crucial to change the approach and improve the level of economic growth in the new economic advancement environment. The conventional approach of calculating economic gross and advancement foreground utilizing GDP and rate of economic growth is no longer appropriate given the present worldwide tendency that favors green and sustainable development. In order to achieve economic growth, it is required to develop accurate assessments of green economic efficiency indices that take into consideration how resource scarcity and environmental deterioration affect economic output. To contribute to China's coming green economic advancement and the execution of environmental legislation, it is thus imperative to thoroughly research the impacts of environmental legislation and green economic efficiency.

Sustainable leadership has emerged as a crucial paradigm in today's business landscape, addressing the need to balance profitability with environmental responsibility. As companies face increasing pressure from stakeholders, governments, and consumers to adopt eco-friendly practices, leaders are challenged to drive both economic growth and sustainable development. This study explores the integration of sustainable leadership practices that prioritize long-term environmental stewardship while ensuring financial viability. It highlights key strategies such as eco-efficient technologies, circular economy models, and responsible supply chain management, which help organizations reduce their environmental footprint while maintaining competitiveness. The research also examines how fostering a culture of sustainability within the organization, supported by transparent policies and continuous innovation, can contribute to both ecological preservation and profit maximization. By adopting sustainable leadership practices, businesses not only fulfill their ethical obligations but also enhance their brand value, employee engagement, and stakeholder trust, leading to a more resilient and sustainable future. This abstract provides an overview of how leadership in modern enterprises can successfully align profitability with environmental responsibility, demonstrating that sustainability and profitability can coexist

Gwadar is poised to play a pivotal role in developing the China–Pakistan Economic Corridor (CPEC) and the Belt and Road Initiative (BRI). As strategic assets, these initiatives hold significant economic interests for Pakistan and China, such as increased trade opportunities, infrastructure development, and economic growth. The CPEC aims to link Gwadar port with western China using various transportation methods to enhance regional trade. The strategic placement of Gwadar on important trade routes, such as the maritime Silk Road, is crucial for achieving the goals of the Belt and Road Initiative, improving regional connections, and boosting economic growth by enhancing connectivity and facilitating economic development in the region. These projects have a significant impact on security and geopolitics, potentially reshaping the regional landscape and engaging important states. Gwadar is of great strategic importance to Pakistan, as it has the potential to revolutionise the country's business landscape, attract foreign investments, boost exports, and create job prospects on a significant scale. Due to its deep-water facilities and strategic geographic position, the port becomes an ideal hub for global trade and energy distribution, offering efficient logistics for maritime trade and facilitating energy transportation across the region.

The article analyzes the development of ideas about the composition of intellectual capital and the place of marketing as its source. The key problem is determining the list of features by which the classification of intellectual capital components will be formed. On the basis of a critical analysis of the existing classifications of intellectual capital components, the author's classification was formed on the following grounds: by sources of formation; by subjects or carriers; by functional content; depending on the origin; depending on the degree of controllability; by scope; on the principle of belonging of elements; depending on the stage of the play cycle; depending on the dynamics of their wear and play; by way of storing information; in relation to the process of creating new objects; depending on the degree of identification Keywords: intellectual capital, intellectual capital elements, human capital, capital of relations, organizational capital, marketing. DOI: 10.15276/mdt.3.3.2019.2 Oklander M. A., Lytovchenko I. L., Botushan M. I. (2011) Marketynhovi komunikatsii promyslovykh pidpryiemstv v umovakh informatsiinoi ekonomiky [Marketing communication of industrial enterprises in the information economy]. Odesa: Astroprynt. (in Ukrainian). Saint-Onge H. (1996) Tacit knowledge: the key to the strategic alignment of intellectual capital? Strategy and Leadership, vol. 24, no. 2, pp. 10–14. Sveiby K. E. (1997) The New Organizational Wealth. San Francisco: CA. Edvinsson L., Malone M. S. (1997) Intellectual Capital: Realizing your Company’s True Value by Finding its Hidden Brainpower. New York: Harper Business. Brooking A. (1997) Intellectual Capital: Core Asset for the Third Millennium Enterprise. Thomson Business Press, London. Bontis N. (1998) Intellectual capital: an exploratory study that develops measures and models. Management Decision, vol. 36, no. 2, pp. 63-76. Gu F, Lev B. (2001) Intangible assets – measurement, drivers, usefulness, working paper. New York: Boston University and New York University, NY. Khalique M., Shaari J. A. N., Isa, A. H. b. M. (2013) The road to the development of intellectual capital theor. International Journal of Learning and Intellectual Capital, vol. 4, no. 2, pp. 122-136. FASB NN. (2001) Getting a grip on intangible assets – what they are, why they matter, and who should be managing them in your organization. Harvard Management Update, vol. 6, no. 2, pp. 6-8. Shkurupij O. V. (2010) Intelektual'nyj kapital v umovakh stanovlennia postindustrial'noho suspil'stva: imperatyvy hlobal'noho ekonomichnoho rozvytku ta oriientyry dlia Ukrainy [Intellectual capital in educational institutions of post-industrial content: imperatives of global economic circles and organizations of Ukraine]. Poltava: RVV PUET. (in Ukrainian). Schultz T. W. (1981) Investing in People: the Economics of Population Quality. CA: University of California, Berkeley and Los Angeles. Roos J., Roos G., Dragonetti N., Edvinsson L. (1997) Intellectual capital: Navigating in the New Business Landscape. New York: New York University Press, NY. Corrado C., Hulten C., Sichel D. (2009) Intangible capital and US economic growth. Review of income and wealth, no. 55(3), pp. 661-685. Bueno E., Salmador M. P., Rodriguez O., Catro G. M. D. (2006) Internal logic of intellectual capital: a biological approach. Journal of Intellectual Capital, no. 7(3), pp. 394-405. Sobko O. M. (2014) Intelektual'nyj kapital pidpryiemstva: kontseptualizatsiia–funktsionuvannia–rozvytok [Intellectual capital of the enterprise: conceptualization-functioning-development]. Ternopil': Krok. (in Ukrainian). Bontis N. (2001) Assessing knowledge assets: a review of the models used to measure intellectual capital. International Journal of Management Review, no. 3(1), pp. 41-60. Kendiukhov O. V. (2008) Efektyvne upravlinnia intelektual'nym kapitalom [Effective intellectual capital management]. Donets'k: DonUEP. (in Ukrainian). Butnik-Sivers'kyj O. B. (2002) Intelektual'nyj kapital: teoretychnyj aspekt [Intellectual Capital: The Theoretical Aspect]. Intellectual capital, vol. 1, pp. 16-26. (in Ukrainian)

This study aims to analyze the correlation between financial stability, oil price shocks, and business cycle uncertainty in the economies of the Association of Southeast Asian Nations (ASEAN) amidst the COVID-19 pandemic. This study examines the interplay and effects of various factors on the economic resilience of the ASEAN region, utilizing data from ten-member countries spanning the years 2002 to 2022. The results underscore the notable impact of oil price shocks on financial systems' stability, suggesting that oil price variations have the potential to disrupt financial markets, particularly in the context of the ongoing pandemic. Moreover, the research illustrates that the presence of business cycle uncertainty amplifies the negative consequences of oil price shocks, thereby heightening their influence on the financial system's stability. The study also uncovers a robust correlation between the COVID-19 pandemic and heightened levels of business cycle uncertainty within the ASEAN economies. The ongoing global pandemic has increased market volatility, a deceleration in economic growth, and disruptions in supply chains, generating a heightened sense of uncertainty within the business landscape. As a result, the heightened level of uncertainty has impeded the efficacy of monetary and fiscal policies in preserving financial stability.

Overtime India has emerged as a global economic powerhouse; certain demographic groupings still lack general knowledge about economics and money. There has been an increasing recognition of the women entrepreneurs playing a substantial role in driving the economic growth and fostering innovation. Governments around the world have progressively focused their attention on supporting and empowering women in the business landscape. In India, various government schemes and initiatives have been introduced to provide women entrepreneurs with the necessary tools, resources, and opportunities to succeed in the competitive business world. Existing financial literacy programs for Indian female entrepreneurs need evaluation to gauge effectiveness, measure their impact, and identify participation barriers. This research aims to assess programs, study their influence, and inform improved initiatives. The study attempts in showcasing real-life success stories of the women entrepreneurs who have benefited from the scheme's financial assistance and mentorship, potential challenges, and its contribution to fostering a culture of the women entrepreneurship & the social entrepreneurship. The study assesses the effectiveness of these programs in providing guidance, skill enhancement, and networking opportunities to the aspiring and also the established women entrepreneurs. While taking into account the many socioeconomic environments that women operate in, the study offers insights into the policy measures that can best promote and empower women to become active participants in economic growth.

The convergence of entrepreneurship and Artificial Intelligence is bringing a revolution in the business world. Recent technological advancements in the field of artificial intelligence are significantly impacting entrepreneurship and economic growth during the Fourth Industrial Revolution. This chapter investigates the combination of artificial intelligence and entrepreneurship offering the reader a perspective on the business landscape. The chapter aims to provide a framework to deploy actionable steps to stay ahead of competition and discuss about the application of AI in various industries like healthcare, finance and marketing. The chapter summaries many key strategies encouraging readers to embrace AI as a key element to their entrepreneurship strategy. AI will boost entrepreneurship by generating new knowledge, which will support economic growth. The aim is to serve as comprehensive guide for business leaders and innovators to explore full potential of AI in scaling up their future ventures.

PurposeThis study examines the impact of digitalisation on firm value, financial performance, and sustainability, with a focus on green initiatives among listed firms in Vietnam.Design/methodology/approachThe research analyses 100 of the largest listed companies on the Hanoi and Ho Chi Minh stock exchanges as of December 31, 2023. A Generalised Method of Moments (GMM) regression model assesses the effects of digitalisation on firm value, profitability, and sustainability from 2014 to 2023.FindingsDigitalisation enhances firm value, profitability, and green initiatives, reinforcing its economic and environmental role. However, the COVID-19 pandemic weakened its effectiveness, highlighting the need for resilient digital strategies. Its impact varies by firm size, with stronger financial performance effects in smaller firms and greater sustainability benefits in larger firms. The results also reveal a short-term impact on firm value and nonlinear effects on financial performance and green initiatives.Research limitations/implicationsThis study reaffirms the multidimensional role of digitalisation in enhancing firm value, profitability, and sustainability. It provides a foundation for future research on long-term digitalisation effects across different economic and regulatory contexts.Practical implicationsFirms should align digitalisation with sustainability goals to maximise financial and environmental benefits. Policymakers should develop regulatory frameworks that support digital adoption for sustainable development. Investors may see highly digitalised firms as promising sustainable investments.Originality/valueThis study is among the first to explore the interplay between digitalisation and sustainability in an emerging market, using comprehensive data up to 2023. It provides empirical evidence on how digital transformation fosters corporate sustainability and economic growth, particularly in Vietnam’s evolving regulatory and business landscape.

The purpose of this study was to conduct a systematic literature review on corporate social responsibility (CSR) in micro, small, and medium enterprises (MSMEs). MSMEs stand as pivotal contributors to economies worldwide, fuelling innovation and economic growth. As the business landscape evolves, the relevance of CSR practices among these enterprises becomes increasingly apparent. This study aims to collect, analyze, and synthesize findings that already exist in the literature on CSR practices among MSMEs, as well as formulate possible research directions for the future. This study seeks to bridge the knowledge gap by delving into CSR practices within MSMEs, examining both manufacturing and service sectors. It aims to identify the unique internal and external factors influencing the effective implementation and success of these CSR strategies. We will identify the specific challenges faced by MSMEs in adopting CSR, as well as analyze the benefits they can achieve through the implementation of CSR practices. The systematic literature review research methods are systematic steps to collect, analyze, and synthesize relevant literature on CSR among MSMEs. Research results emphasize the importance of CSR practices for MSMEs, acknowledge the limitations of existing research due to limited data and context-specific considerations, and highlight the theoretical and practical implications of such research for developing CSR strategies and guidelines for MSMEs. Provides a comprehensive overview of the complexities, challenges, and benefits associated with implementing CSR practices in MSMEs across various sectors and contexts. This research addresses the pressing need to understand the role of CSR in MSMEs. As these enterprises navigate the dynamic business landscape, equipping them with insights into effective CSR practices can bolster their contributions to sustainable development.