Changing Business Research Articles

PELATIHAN STANDARD OPERATING PROCEDURE (SOP) AKUNTANSI BAGI CALON AUDITOR/JUNIOR AKUNTAN DI MATARAM

Standard Operating Procedures (SOP) are written guidelines that explain the steps or procedures that must be followed in carrying out a task or activity within an organization. SOP aims to create consistency, effectiveness and efficiency in implementing specific tasks or processes. By following SOPs, organizations can increase operational efficiency because tested and validated procedures can reduce wasted time and resources. Based on field observations by interviewing the Head of the Accounting Services Office (KJA), Resty Yusnirmala Dewi, it was discovered that junior accountants and prospective auditors needed more understanding regarding creating Standard Operating Procedures (SOPs) and reading SOPs. Hence, they needed help with an accounting system with solid controls. This understanding is essential in supporting the smooth running of work in the field so that time and costs can be more efficient. Training on Making Accounting Standard Operating Procedures (SOP) for Prospective Auditors/Junior Accountants in Mataram ran smoothly on August 15 2024. Participants gained additional knowledge about Making Standard Operating Procedures (SOP) and the concept of internal solid control to minimize fraud. Prospective Auditors/Junior Accountants must deepen their use of Visio to create SOPs or workflow diagrams. Understanding the tools will produce good images. Apart from that, the ability to create good SOPs and internal controls must continue to be trained. There is a need to update old SOPs due to changes in business and technology policies

Scalable AI Workflow Solutions with Cloud and Micro-services

This research explores an AI-driven automation solution that streamlines operations by integrating cloud and microservices architecture [1], [9]. By connecting to widely used platforms (Discord, Google Drive, and Notion) [13], [14], we physically perform daily tasks, manage information, and commu- nicate, eliminating human intervention. The solution uses APIs for instant integration, task tracking, and reporting to facilitate team collaboration [5]. Designed for small to medium-sized teams, this automation system is scalable for future integrations and can adapt to changing business conditions [2]. Evaluation of the effectiveness of the system regarding improvements in operational efficiency, data consistency, and error reduction by focusing on product improvement through smart technology [6]. The framework aims to analyze performance management, enabling teams to focus on profitable activities while driving business growth [7].

Role of Startups in Economic Growth: Evaluating How New Business Ventures Contribute to Job Creation, Innovation, and Regional Development

Entrepreneurship has become an engine of economic growth, playing a significant role in job creation, innovation and regional development. Startups contribute to business dynamism and adaptability by introducing disruptive technologies, challenging traditional businesses and stimulating competition. Their ability to quickly measure and respond to changing business needs allows them to solve important social problems while creating new jobs. This article explores the various roles of new businesses in driving economic growth by focusing on three key contributions: job creation, technological development and economic transformation in the region. It also highlights the unique characteristics of new businesses compared to traditional businesses, such as risk recovery and dependence on the business ecosystem. Through empirical research and data analysis, we explore how start-ups can foster innovation through partnerships, attract investment in underdeveloped areas, and support greater economic development. Despite their significant contributions, start-ups face many challenges, including high failure rates, limited access to capital, and regulatory challenges that can impact their development. By addressing these challenges through strategic initiatives and supporting business ecosystems, governments and stakeholders can increase the impact of new business opportunities on local, national, and international economies. The review highlights the importance of new businesses to ensure strong, resilient, and sustainable business in a rapidly changing world.

Do diversified M&As improve R&D activity? Evidence from Chinese listed companies

Using the sample merger and acquisition (M&A) data of China's A-share listed companies from 2007 to 2022, this study adopts the multiphase difference-in-differences (DID) methodology to examine the heterogeneity of diversified M&A activities and their effects on enterprise innovation efficiency. Findings indicate that diversified M&As hinder the advancement of firms’ innovation efficiency. Diversified M&As have a heterogeneous impact on enterprise innovation. Specifically, young enterprises, enterprises with limited cash flow, and enterprises in highly competitive industries experience a greater negative impact on innovation efficiency. Furthermore, long-term diversified operations with minimal business changes and a substantial decrease in leverage ratio harm innovation efficiency. These conclusions broaden the understanding of M&A's innovative effects and provide a practical foundation for domestic enterprises’ M&A decision-making.

The Power of Hidden Teams: Leveraging Informal Relationships to Drive Organizational Success

This article explores the importance of informal networks, or "hidden teams", that exist within organizations alongside formal hierarchical structures, as research has shown these organic relationship-based networks play a key role in knowledge sharing, innovation, and driving work forward through efficient exchange of ideas and solutions across boundaries in communities of practice and "invisible colleges", while teams that bridge different professional communities are better able to solve complex problems. The article provides recommendations for how leaders can identify, support, and leverage hidden teams to drive business success by mapping networks through analysis and employee surveys to uncover natural collaborations, supporting hidden teams through dedicating time and space for collaboration, cross-pollinating memberships, institutionalizing information flows, and recognizing contributions, as demonstrated through two case studies where a technology company and healthcare system identified existing hidden teams, formalized roles and support, and achieved rapid, grassroots change and meaningful business impacts, suggesting that viewing informal networks as assets that break down silos and strengthen connections across groups can empower change and improve organizational performance.

Socio-Environmental Management: Green Marketing and its Contributions to Sustainable Consumption

Objective: The objective of this research was to investigate the contributions of green marketing to sustainable consumption, analyzing how this approach can influence consumer behavior and promote more responsible business practices. Methodology: The research was carried out through a bibliographic review, involving the critical analysis of already published studies on green marketing and sustainable consumption. Academic databases such as SciELO, Google Academic and Scopus were used to collect relevant articles, books and theses. The analysis of the collected data was conducted through the content analysis technique, which allowed to identify significant themes and patterns. Results and Data Analysis: The results show that green marketing plays a crucial role in consumer education, promoting awareness about sustainable choices. Furthermore, the research showed that this approach stimulates innovation in products and processes, creating competitive differentials for companies. However, the phenomenon of greenwashing represents a challenge, emphasizing the importance of authenticity in green marketing practices. Companies that implement genuine sustainable marketing strategies tend to strengthen consumer loyalty and create a positive impact on the consumer culture. Concluding Considerations: The research concludes that green marketing is an essential tool to foster sustainable consumption, promoting cultural change and encouraging responsible business practices. Collaboration between businesses, consumers and governments is key to building a more sustainable future, reinforcing that sustainability must be integrated into operations and business models.

Analysis and forecasting of the importance of smart contracts and blockchain technology in SCM in Vietnam by using DEA and Grey model

In the context of a complex and demanding business environment, blockchain and smart contracts are becoming increasingly important in supply chain management in Vietnam. The application of these technologies can help to optimize processes, create a reliable platform for tracking, managing, and forecasting supply chains, and enhance transparency and integrity. In the study of supply chain management in Vietnam, the methods applied are DEA (Data Envelopment Analysis) and the Grey forecasting model. These two methods not only focus on optimizing current processes but also create opportunities for analyzing, evaluating, and forecasting the importance of blockchain technology and smart contracts. This research topic not only raises questions about the potential for optimizing current processes, but also proposes innovative solutions to enhance transparency, integrity, and responsiveness to volatile markets. Additionally, the research aims to propose appropriate strategies for applying these new technologies to business practices in Vietnam, creating a flexible, secure, and adaptable supply chain system that is responsive to the changing business environment of the present.

Artikel Tentang Perencanaan dan Pengembangan Bisnis

The important process known as business planning and development allows an organization to establish the strategies, goals, and tactics necessary to grow and succeed in the long term. Businesses are faced with many complex challenges in the current era of globalization, ranging from intense competition to rapid market changes. Therefore, careful business planning is essential to anticipate changes and take advantage of emerging opportunities. In this abstract, business planning and development is very important in today's dynamic business environment. Internal and external environmental analysis, goal setting, strategy development, resource allocation, and implementation are the main steps in the business planning process, which will be discussed thoroughly. In addition, this abstract will show how leadership, innovation, and information technology help business planning and development well. Organizations can optimize performance, increase competitiveness, and better face challenges by emphasizing holistic and sustainable business planning and development. Understanding market, consumer and industry trends is important amidst global uncertainty. Therefore, this abstract emphasizes how important it is to monitor the business environment and be flexible when changing business planning strategies to adapt to changes.

Charismatic Leadership: How Good Bosses Build Positive Employee Relationships Through Non-Power Factors

This research thoroughly explores how charismatic leaders build and maintain positive and harmonious employee relationships through a series of non-power factors, thus playing an irreplaceable role in organizational development. The core of charismatic leadership lies in transcending the traditional framework of authority and utilizing non-powerful means such as personal charisma, vision sharing, emotional resonance and value leadership to stimulate the intrinsic motivation of employees, and to promote the cohesion and creativity of the team. This paper analyzes cases in practice in detail, and then summarizes that charismatic leadership can play a great role in different situations. The paper shows that charismatic leaders have a profound and positive impact on organizational performance through their unique leadership style and influence mechanism. Charismatic leaders provide a strong impetus for organizational prosperity by motivating employees, driving change, and enhancing performance. This study can provide leaders with more comprehensive and in-depth guidance to help them better perform their leadership roles in the complex and changing business environment.

The Effect of Transformational Leadership on Organizational Culture Change: A Case Study of the Manufacturing Industry

This study aims to analyze the influence of transformational leadership on organizational culture changes in the manufacturing industry. The phenomenon behind this research is the challenges faced by the manufacturing industry in adapting to the dynamics of the business environment, such as technological developments, global competition, and demands for increased innovation and efficiency. Many manufacturing companies have difficulty adapting due to rigid organizational cultures and employee resistance to change. Transformational leadership is seen as an approach that is able to overcome these obstacles by encouraging adaptive, innovative, and performance-oriented cultural change through empowerment, motivation, and effective communication. This study uses a quantitative method with survey techniques as a data collection tool. A total of 121 respondents, consisting of employees in the manufacturing sector, were selected using the purposive sampling technique. The research instrument is in the form of a closed questionnaire with a five-point Likert scale. The data obtained were analyzed using SPSS version 25 software to conduct validity, reliability, and multiple linear regression tests to test the relationship and influence between transformational leadership and organizational culture change. The results of the study show that transformational leadership has a significant influence in creating a more adaptive, innovative, and performance-oriented organizational culture. Factors such as effective communication, employee engagement, and an appreciation for creativity were found to be important elements in supporting such change. These findings suggest that the application of transformational leadership is particularly relevant in the dynamic manufacturing industry, especially in the face of market challenges and changing business environments. Leaders in this industry are expected to adopt transformational leadership to build a more responsive and productive organizational culture.

Literatur Review: Bisnis di Era Digital dan Dampak Disruptif TI pada Perusahaan

This article aims to explore the dynamics of business in the digital era and the disruptive impact of information technology on companies. Through literature analysis, this study identifies technologies such as AI and big data that are used to improve efficiency and innovation. The results show that the integration of information technology in business models improves productivity and customer experience. This article emphasizes the importance of developing skills and organizational culture that support innovation as the key to facing disruptive challenges. This article provides valuable insights for companies in formulating adaptation strategies amidst global business changes.

Analysis on Family Business and Succession Planning in Hotel and Hospitality Sector in Uganda: A Case of White Horse Inn Kabale

Purpose: The study was set to examine the relationship between family business and succession planning in hotel and hospitality sector in Uganda, focusing on White Horse Inn Kabale as a case study. The study explored the strategies employed by leaders in family businesses for effective succession planning. Materials and Methods: The study used a mixed research design with quantitative and qualitative approaches to obtain in-depth information about family business and succession planning strategies in Uganda. Out of 150, a sample size of 108 (including 93 quantitative and 15 qualitative) was selected from different staff of White Horse Inn Kabale as the established family enterprise selected for the study (Krejcie & Morgan, 1970). The tools used for data collection were questionnaires, an interview guide, and documentary checklist. Data was collected from the managerial and non-managerial staff of the White Horse Inn Kabale. Findings: The Pearson correlation coefficient r=.618, P<0.05 indicates that there is a positive significant correlation coefficient between family business and succession planning. The model summary findings presents that Family Business, β=.618, t=7.666, p<.005. This meant that a unit change in family business would lead to an increase in succession planning in White Horse Inn Kabale. The study findings reveals that the relationship between Family Business and Succession Planning was statistically significant, F=58.775, P<0.05. This means that succession planning in a family business is a crucial process that ensures the long-term sustainability and success of the company. The results from regression model summary explain that family business caused a variation of 38.2% in succession planning. This indicates that succession planning in a family business is a crucial process that ensures the long-term sustainability and success. This therefore means that other factors not studied in this research contribute 61.8% of the succession planning. Implications to Theory, Practice and Policy: The study recommends that family business should formally document succession plans as an integral component of the business strategy, irrespective of the intentions regarding succession. Furthermore, fostering open and adaptable communication that promotes participatory decision-making is strongly recommended. A clear process for identifying essential competencies, along with a competency catalog, should be established to provide a solid foundation for business owners to evaluate potential successors, pinpoint competency deficiencies, and devise suitable plans for their development.

Research trends in innovation ecosystem and circular economy

Understanding innovation ecosystems and the circular economy is crucial for systemic change in business and industry, fostering eco-innovation and advancing sustainable development. This study uses bibliometric analysis to uncover the research trends, patterns, and collaborations, revealing a significant gap in understanding the interactions between innovation ecosystems and the circular economy and offering potential avenues for future research that align with sustainable development. The analysis was carried out with the help of Biblioshiny and VOSviewer on the final selected documents of 2981 from the Scopus database through a search query and the SPAR-4-SLR stages of filtration. The key findings of the study are as follows: collaboration among countries involves accessing countries’ resources, knowledge, markets, and location. The study explores research trends in the innovation ecosystem and circular economy, focusing on five key clusters: the circular economy for eco-innovation and resource recovery, circular business models for fostering sustainable innovation in the bioeconomy, sustainability through renewable energy and sdgs, the sustainable business model for enhancing green innovation through entrepreneurship, and Artificial Intelligence (AI) and the circular business model in Industry 4.0. The bibliometric analysis identifies trends, research gaps, and collaboration patterns, revealing potential avenues for future exploration in industrial symbiosis, energy transition, and the system of innovation. The study analyzed only the documents available in Scopus. The exclusion of papers based on the search period, language, document type, and incomplete details are the limitations of this research and open the scope of potential future research. The findings will help existing researchers in this field as well as new researchers interested in this field by clearly understanding trends and further research scopes. The study also offers actional recommendations and practices to policymakers. Practices, and entrepreneurs for the attainment of global sustainability goals. The novelty and originality of this study rely on a thorough literature review that describes the state of the art in the innovation ecosystem and circular economy.

THE IMPACT OF E-COMMERCE ON SMALL BUSINESS

The article provides a review of scientific literature in order to generalize the methodology for defining the concept of "electronic commerce". The main trends in the field of e-commerce in small business are characterized. The data on the development of the e-commerce market are analyzed and the following is emphasized: in the number of purchases from mobile devices has increased; creation and widespread use of social media pages is a key factor in the development of e-commerce by entrepreneurs. The advantages and disadvantages of using electronic commerce by small businesses are systematized. In given article authors shine a problem an analysis he shift toward online transactions and digital platforms has been accelerated to adapt to the changing business landscape. Through the review of scientific literature, a comprehensive understanding of e-commerce's impact on small businesses has been highlighted. The article has delved into the main trends shaping the e-commerce landscape for small businesses, emphasizing the significant increase in purchases made through mobile devices. This trend underscores the importance of having a mobile-friendly online presence for entrepreneurs to effectively reach their target audience. E-commerce is a tool through which firms can attain competitive advantage. Therefore it is interesting to further explore how firms exactly go about implementing e-commerce systems, and which path firms take from e-commerce idea generation up to realization of e-commerce success.To comprehensively understand the impact of e-commerce on small businesses, it is crucial to conduct a multiple case studies analysis using a qualitative research design. Small businesses experience challenges before, when, and after integrating e-commerce into their operational structures internally and externally, such as perceiving the technology as an unnecessary business cost, lack of resources to fund e-commerce infrastructure, and absence of managerial support to adopting a radical approach to innovation and growth of the business. The analysis of the impacts of e-commerce on small businesses helps to determine the opportunities and challenges in the business operation process.

OPTIMAL STRATEGIES FOR IMPLEMENTING MULTIDISCIPLINARY AND TRANS DISCIPLINARY EDUCATION IN MANAGEMENT PROGRAMS: INSIGHTS FROM GOAN COLLEGES

This study looks into the factors that influence the quality of management education offered by Goa-based institutes by using a thorough examination of important variables. It provides detailed insights through the use of data on interdisciplinary research centres, faculty cooperation, interdisciplinary electives, cross-institutional relationships, and experiential learning opportunities. The results highlight a paradigm shift towards comprehensive and contextually appropriate educational frameworks by revealing a greater emphasis on faculty partnerships, cross-departmental teaching, practical engagement or experimental learning possibilities, and integrated curriculum creation. Remarkably, multidisciplinary research institutes show unrealized promise, possibly due to the expense associated with them. This study offers practical suggestions for Goan educational institutions to improve their curricula while yet being adaptable to changing business needs and worldwide patterns. It contributes to the conversation on management education by providing suggestions for promoting academic excellence through multidisciplinary studies, experiential learning, and strategic alliances.

Analisis Kinerja Pegawai pada Dinas Pertanian Kabupaten Karawang

In the era of organizational dynamics and changing business environments, enhancing employee performance becomes a pivotal factor for the success of an institution. This research aims to investigate and comprehensively analyze the performance of employees in the Department of Agriculture of Karawang Regency. The method in this research is descriptive qualitative. The results of this studyindicate that motivational aspects, such as the fulfillment of physiological needs, security, social relationships, recognition, and self-actualization, have a positive impact on employee performance. A profound understanding of the contributions of employees with initials L, A, and D in achieving quantity targets, maintaining quality, and ensuring timely completion of tasks provides a foundation for designing effective workplace motivation strategies.

Creating open innovation through API-enabled simultaneous centralization and decentralization

Application Programming Interface (APIs) have increasingly become crucial to digital ecosystems, facilitating interconnectivity and data exchange essential for digital transformation and open innovation in today's business landscape. In this article, we introduce a perspective on how APIs can be viewed as a means of achieving a dynamic equilibrium between centralization and decentralization for value creation in business ecosystems. Unlike common perspectives that regard APIs solely as technological tools, we examine them as a new way of thinking and organizing and as strategic mechanisms that facilitate both the unbundling and rebundling of business offerings. We also highlight their flexibility in adapting to changing business environments and outline various organizing models ranging from internal coordination to open platforms. This approach enables organizations to dynamically integrate diverse innovative services while maintaining a balance between control and autonomy. Our article draws on insights from open-innovation organizational structures with practical examples from leading edge use and application of APIs, demonstrating the transformative power of APIs on business models and ecosystems. In doing so, we provide a detailed framework and multiple examples, guiding business leaders to strategically incorporate APIs into their offerings.

Approaches to Modelling Marketing Strategies in E-Commerce

Introduction. Increasing the efficiency of business activities requires developing a marketing strategy using e-commerce to attract a wide range of customers and maximise the company's income. The key marketing metric for most companies is the customer lifetime value indicator, which is why studying approaches to forecasting this indicator in e-commerce requires special attention, considering the changing business operation environment. Aim and tasks. The study aims to develop approaches to modelling the marketing strategy of e-commerce enterprises. The tasks are a comparative characterisation of modern marketing planning tools and an empirical analysis of the possibilities of using the BG/NBD model for marketing planning in e-commerce companies, considering the need to implement scenario marketing planning in unstable conditions. Results. A comparison of the characteristics of the main marketing planning tools was conducted according to features such as content and focus, functional purpose, and planning period, which allows more purposeful use of these tools to solve specific tasks. In order to automatically obtain the required data format for modelling, a Visual Basic program was developed, a forecast of customer behaviour was built, and an indicator of customer transactions was determined for further calculation of customer lifetime value (CLV). During the simulation, four parameters of the BG/NBD model were evaluated, and the maximum value of the logarithmic likelihood function equal to 14460.54 was obtained. The expected number of transactions (forecast time = 26 weeks) was determined for each client from the database. After calculations the information was received, the selected client will make 2.35 transactions during the forecast period of 55-80 weeks. The recommended algorithm for using the BG/NBD model as part of a scenario approach for forecasting the cost of the customer's life cycle allows for more flexible forecasting of digital business revenues and building an optimal marketing strategy. Conclusions. An empirical study of the possibilities of using the BG/NBD model for marketing planning in e-commerce companies showed that, for the simulation of indicators that affect a company's marketing strategy, it is crucial at the initial stage to convert the database of customer purchases into the input format required for modelling. Using a scenario approach allows e-commerce enterprises to carry out variable marketing planning and reduce risks under growing uncertainty. A well-designed marketing strategy that can be adapted to different business development scenarios enables an e-commerce company to increase its sales.

Role of Training and Development Programs in Enhancing the Employees Job Satisfaction and Loyalty

Purpose: The aim of this literature review is to examine the relationship between training and development programs and employee loyalty and job satisfaction. By evaluating how these programs improve abilities and promote development, the research aims to emphasize how crucial they are for developing potential and assisting Design/Methodology/ A narrative analysis of relevant literature was conducted, utilizing Boolean operators such as "OR" and "AND" to refine the search. Specifically, the search strategy employed the query ((training) OR (development)) AND (job satisfaction)) OR (employee loyalty), focusing on articles published in English between 2018 and 2024. PubMed served as the primary database for sourcing pertinent studies. Findings: Effective training and development initiatives greatly increase employee loyalty and work satisfaction, according to the report. These programs improve productivity and performance on an individual basis while also enhancing company culture and overall efficacy. Implications/Originality/Value: The results highlight how important it is for businesses to undertake training and development strategically. Long-term success depends on these programs' ability to increase operational effectiveness and cultivate a dedicated staff. Companies must give priority to tailored training programs that meet employee demands in order to adjust to the changing business environment and guarantee long-term growth, productivity, and happiness.

Business intelligence and its role in raising the level of corporate services

Artificial intelligence has begun to show itself in all areas of the changing business world. With the introduction of new technologies in the digital age, business structures have to adapt to new projects and increase the productivity of business processes. The purpose of the study is to clarify the ways of using business intelligence tools to raise and increase the level of services within companies. As a result of the stated objective, we identified the following tasks: 1) to determine the role of business analytics in forming the company's development strategy; 2) to propose solutions for improving internal company services using business analytics tools; 3) to outline the framework for building business analytics (BI) within the company. This study presents the concept of business intelligence and its importance in raising the level of service delivery in companies. For this purpose, Deming's course was used, were to find and provide some solutions, represented in the final decision-making process regarding the process of improving and providing services to companies. In other words, helping the general manager to see what is hidden from the eye, depending on the data and methods of processing it. In addition to the above, the stages involved in the development process were shown in the form of a data flow diagram, which is known as the Data Flow Diagram (DFD) for the system used within the company. The results of this study are summarized as follows: а) this study presents a clear and simplified concept for solving all the tasks mentioned in this study; b) submitting a proposal to solve the problem of improving services within the company by using business intelligence tools; c) this study presents a data flow diagram that selects the appropriate agile process for that purpose; d) this study presented a partial development of the system in force in the company.