Changing Business Research Articles

Cloud-Based Accounting Information Systems and Financial Reporting Quality of Listed Information and Communication Technology Firms in Nigeria

The confluence of cloud-based Accounting Information Systems (AIS) adoption and financial reporting quality within Nigeria's Information and Communication Technology (ICT) sector is explored in this study. Given the dynamic landscape of the ICT industry characterized by technological advancements, evolving market dynamics, and regulatory shifts, ICT firms are increasingly turning to cloud-based AIS to streamline their accounting processes and adapt to changing business requirements. The population of the study consists of all eight (8) Information and Communication Technology (ICT) enterprises that are listed on the Nigerian Exchange Group as of 31st December 2022. As a result, this study delves into the impact of Cloud-Based AIS adoption on the Financial Reporting Quality of Listed ICT Firms in Nigeria over a decade-long period from 2013 to 2022. Utilizing a Panel Regression Technique (Random Effect Model), the study identifies a significant overall effect of Cloud-Based AIS on the Financial Reporting Quality of Listed ICT Firms in Nigeria. Moreover, it highlights the significant influence of Cloud Security Investment on financial reporting quality among ICT firms in Nigeria, while Cloud Expenditure Growth is found to have no statistically significant effect. The study emphasizes the need for strategic resource allocation and exploration of cost optimization opportunities, given that cloud expenditure growth may not directly impact financial reporting quality. However, the study recommends for prioritizing cloud security investments to safeguard financial data integrity, mitigate cybersecurity risks, and enhance trust in financial reporting practices, thereby bolstering investor confidence.

Business digitalization: international experience

At the current stage of the development of the world economy, the relevance of digital transformation under the conditions of increased international competition both at the level of individual businesses and at the level of entire sectors of the economy forms a growing interest in the problems and prospects that become possible within the framework of the digital economy. The world is gradually moving to a digital format in the development of information and communication technologies. The penetration of digitalization in different countries differs in the degree of influence on economic development and the variety of business schemes. Digitization allows not only the improvement of existing business models and changes in business processes but also the significant boost of business and new competitive advantages. The digital transformation of international business significantly contributes to sustainable economic growth, increasing the competitiveness of primary industries and innovative sectors of the economy. Digital technologies allow business entities to automate simpler processes and eliminate intermediate stages in more complex processes, thanks to which the flexibility of companies is significantly increased, and they can now use their resources much more efficiently. Digital technologies are even becoming mandatory for many businesses operating in today's competitive environment, significantly saving time and avoiding unnecessary costs. Digital transformation is becoming integral to modern business, growing from a concept to an essential strategic component. This process covers implementing modern digital technologies and changing the organization's business processes and cultural aspects to improve the company's efficiency, innovation, and competitiveness. However, digital transformation also presents its challenges. The need for changes in organizational culture, training employees in new technologies, implementing data privacy, the impact and politics of social inequalities, accounting for changes in the labor market, and cyber security risks require attention and resources. Digital transformation is not only the introduction of technologies but also a change in thinking and approaches to business. It allows companies to become more efficient, innovative, and adaptive, a critical factor for successful competition today. Keywords: digitization, security, technology, business, transformation.

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.

Organizational change: Implications of directive change management

This article explores the implications of directive change management, characterized by top-down leadership and minimal employee involvement, on organizational dynamics, employee morale, and job security. This approach’s psychological and operational impacts are underscored, emphasizing the imperative of addressing employee perceptions and fostering trust. Strategies for rebuilding trust and enhancing morale post-directive change management are presented, including transparent communication, participative decision-making, and recognition of employee contributions. The significance of enhancing job security through clear policies, open dialogue, and robust mental health and well-being support systems is highlighted. Practices that encourage job dedication are introduced, emphasizing goal alignment, meaningful work design, and a culture of innovation and continuous improvement. Long-term strategies for cultivating a healthy workplace, such as establishing feedback mechanisms, investing in leadership development, and maintaining organizational adaptability, are also discussed. This brief article is an introductory resource for business leaders, managers, and change practitioners seeking to be better equipped with the necessary tools and strategies to navigate the post-implementation effects of directive change management. It is anticipated that this information can assist leaders and organizations in navigating the challenges of directive change management, promoting resilience, employee well-being, and sustainable organizational success.

Formation of economic indicators of national security in the context of business digitalization and changes in the economy

Abstract. Today, Ukraine's economic development is taking place in the context of market competition, negative phenomena in the foreign economic sphere, and most importantly, russia's full-scale military aggression. At the same time, economic relations in the country are characterized by such undesirable phenomena as the shadow economy, economic inequality of business participants, growth of external debts, decline in economic activity, deficits of the state and territorial budgets, unprofitability of business entities, migration processes, unemployment, and poverty. The article examines the content of the concept of economic security in the context of the national security component, which is determined by a set of tasks based on the implementation of the Economic Security Strategy of Ukraine for the period up to 2025. The author analyzes the dynamics of indicators that determine the state of economic security of Ukraine and the existing threats in the national economy. In order to monitor the state of economic security in accordance with the Strategy, it is proposed to fulfill the task of its scientific support, to develop methodological recommendations and a mechanism for interpreting the integral indicator. At present, there is no information on the level of economic security of Ukraine on the official websites of the legislative and executive branches of government since 2021. The system of reservations regarding the indicators for assessing the economic security of Ukraine proposed in the Strategy is substantiated. A simplified list of indicators for monitoring the state of economic security is defined and interval signs of economic development scenarios at the level of optimistic, pessimistic and basic characteristics are developed for the integral indicator. The assessment of the status of economic security objects (the State, territorial communities, types of economic activity, business entities) is significantly influenced by the development of digitalization of the economy. It is established that in our country the processes of digitalization do not have a cross-cutting connection «business entities – types of economic activity – territorial communities – the State», but arise and develop locally within individual business and government structures.

Generational change in family businesses: keys to an effective transition

En la economía mundial las empresas familiares están reconocidas como un pilar fundamental, contribuyen a la generación de empleo y fortalecen las economías locales. El objetivo del estudio es identificar los componentes principales que afectan a dichas empresas en su transición generacional para la extracción de los factores que influyen en la sucesión y su impacto en estas organizaciones. La información fue obtenida de fuentes confiables como la Superintendencia de Compañías Valores y Seguros (SCVS), el Servicio de Rentas Internas (SRI) y el Directorio de Empresas y Establecimiento (DIEE). Para agrupar y clasificar los principales factores correlacionados más importantes, se realizó un Análisis de Componentes Principales. Posterior a ello, se empleó el software SPSS para evaluar la confiabilidad y la interconexión de los datos. La fiabilidad del modelo se determinó mediante pruebas estadísticas: medida de adecuación KMO y la esfericidad de Barlett. Los resultados confirman que la transición generacional debe ser un proceso planificado y efectivo, con comunicación clara, liderazgo, proyección, compromiso de relaciones sólidas y adaptabilidad. Se concluye que para garantizar la supervivencia y desarrollo a largo plazo de las empresas familiares de debe planificar la sucesión con la debida anticipación, considerando la gestión de la continuidad empresarial, psicología conductual, talento humano efectivo, planificación estratégica empresarial, gestión del cambio y sucesión y sostenibilidad familiar. URL: https://revistas.uta.edu.ec/erevista/index.php/bcoyu/article/view/2333

Walt Disney’s Business Model

Disney is a well-known worldwide entertainment company with a wide range of investments, including entertainment and motion picture production. The SWOT analysis framework is utilized in this article to examine Disney’s advantages, disadvantages, opportunities, and threats to clarify the elements that have contributed to the company’s success. Disney’s resilience in the face of a changing business is seen in its strong alliances, significant cash flow, and wide range of products and services. However, its dependence on flagship properties and vulnerability to outside influences present difficulties. By utilizing Disney’s connections and experience, there are several potentials to grow into the internet streaming market with Disney Plus. However, threats like increased competition and economic instability still exist. Analyzing Disney’s development and strategic decisions highlights the company’s lasting impact on the entertainment industry and exemplifies a revolutionary business strategy with broad implications.

Business diversification and changes in perspective strategies for managing innovation activities during martial law

The purpose of this article was to study the changes in the directions of entrepreneurial activity and approaches to managing innovation in the context of the Russian-Ukrainian war. The analysis shows that during the Russian-Ukrainian war, the Ukrainian market for innovation and development suffered significantly. This is evidenced by both the global innovation index of Ukraine and the European innovation index. This deterioration has had a significant impact on the development of innovation at Ukrainian enterprises. In order for an enterprise to function effectively in the context of war, more effort and attention should be paid to innovation and changes in the long-term strategies for managing such activities. The author identifies ten areas that should be implemented by Ukrainian enterprises in the context of war: the development of a “business core”, the introduction of artificial intelligence, machine learning, augmented and virtual reality, blockchain technologies, the introduction of “smart solutions” using the Internet of Things, as well as the implementation of “green reconstruction”, genetic engineering or biotechnology, quality improvement, and the creation of their own ecosystem. The study found that the main role in this process is played by the effective management of innovation activities, so it is important for Ukrainian enterprises to change their long-term management strategies. The process of changing the strategy of innovation management and choosing a new way of business diversification for Ukrainian entrepreneurs should take place in five consecutive stages: formation of an individual innovation process, increasing attention to research and development, internal sources of innovation, promoting the interaction of internal and external sources of innovation, combining various components into a single innovation system, and effective management of the created innovation ecosystem. The study identifies the main aspects that should be present in the changed strategies to enable enterprises to function as efficiently as possible during martial law. These aspects include accelerating the emergence of innovations, creating motivation to invest, and developing partnerships in the investment process

Determinant of Agile Leadership: A Systematic Literature Review

This study examines the determinants of agile leadership and their impact on organizational success. Through a systematic literature review, the study explores organizational culture, organizational structure, business requirements, innovation, team productivity/performance, satisfaction/engagement/team morale, and team dynamics as critical factors influencing organizational functioning. The findings highlight the significance of these determinants in shaping various aspects of organizational performance and effectiveness. The research underscores the crucial role of organizational culture, as it sets the tone for employee behavior, values, and norms within the organization. A positive and supportive culture fosters engagement, satisfaction, and high morale, enhancing performance. An agile and flexible organizational structure also enables teams to adapt quickly to changing business requirements, improving productivity and overall performance. Aligning business requirements with organizational strategies and goals is critical for success. Organizations must understand and meet customer demands and market trends to stay competitive. Moreover, embracing innovation and encouraging creativity contributes to maintaining a competitive edge and driving continuous improvement.
 Keywords: agile leadership, organizational culture, organizational structure, business requirements, innovation

Social and Economic Impacts of Tourism Development on the Local Community of Kampung Pelangi, Semarang

The aim of this research is to explore and analyze the social and economic impacts of tourism development in Kampung Pelangi Semarang on the local community. The main research question to be answered in this study is: "How does tourism development in Kampung Pelangi Semarang affect the social and economic aspects of the local community?" This study will utilize a qualitative approach with data collection methods including in-depth interviews with residents of Kampung Pelangi, participant observation, and documentary studies. This is done to gain a deep understanding of the perspectives and experiences of the local community regarding the impacts of tourism development in their area. Local residents have also been able to capitalize on tourist needs by offering various local products and services, such as handicrafts and regional cuisine. Moreover, the increase in tourist numbers has brought about an increase in income for residents of Kampung Pelangi, both directly through the sale of goods and services, and indirectly through the growth of the local economy driven by tourism. Tourism development in Kampung Pelangi Semarang has had impacts on the social and economic lives of the community. New business opportunities, income growth, and changes in livelihoods are key factors driving economic welfare improvement for residents. Lifestyle changes, social interactions, and positive perceptions of tourism reflect the social impacts that have occurred. Efforts are needed to maintain a balance between tourism development and the preservation of local culture.

Kapabilitas Dinamis Sebagai Penentu Dalam Mengadopsi Penerapan Bisnis Berbasis Teknologi Digital

Research aim: This research aims to analyze the influence of dynamic capabilities on the adoption of technology-based digital business applications in Small and Medium Enterprises (SMEs). Method: The study collected primary data through field studies in North Kalimantan, involving 73 SMEs using digital platforms, and analyzed it using Partial Least Squares - Structural Equation Modeling (PLS-SEM). Finding: Sensing, learning, and integrating capabilities positively impact the use of digital business tools, while coordinating capability doesn't seem to have a significant effect. Sensing involves watching market changes, leading to more digital marketing and customer reach. Learning drives gathering and using information for product improvement, increasing digital tool usage. Integrating fosters teamwork, aiding in digital tool adoption for better coordination. However, coordinating capability doesn't heavily affect digital tool usage, possibly due to SMEs' smaller scale. Theoretical contribution/Originality: This study supports the Resource-Based View (RBV) theory, emphasizing that dynamic capabilities help firms adjust resources to changing business landscapes, highlighting the significance of sensing, learning, and integrating capabilities for SMEs to effectively adopt technology-based digital business applications. Practitioner/Policy implication: SMEs intending to embrace digital business strategies should focus on enhancing dynamic capabilities, especially in sensing, learning, and integrating, to minimize conflicts and failures in technology adoption and ensure adaptability in dynamic business settings. Research limitation: The study encountered sample size limitations because of SMEs' hesitance to participate, potentially worsened by post-pandemic recovery activities.

Tax Evasion in Chachapoyas: A Problem That the Ia Can Solve

In a changing business environment, tax evasion poses a crucial challenge that impacts public finances and competitive equity. This study focuses on applying artificial intelligence in the tax management of micro and small enterprises (MSEs) in Chachapoyas, Peru, between 2018 and 2022. The objective of this study is to investigate how the application of artificial intelligence in the tax management of micro and small enterprises (MSEs) in Chachapoyas, Peru, can contribute to greater tax equity and strengthen corporate social responsibility, thus fostering a fairer and more supportive tax environment in the community. The proposed methodology involves collecting and analyzing the financial statements of micro and small enterprises (MSEs), as well as conducting interviews and questionnaires with their owners. It will focus on five specific objectives ranging from the identification of the causes of tax evasion to the evaluation of MSEs' willingness to adopt technologies in their tax management. In conclusion, promoting the adoption of artificial intelligence could strengthen trust in the tax system, increase tax collection for the common benefit and support the sustainable development of local businesses, generating a positive impact on the community and society as a whole.

DAMPAK PEMBANGUNAN PLTU ROPA TERHADAP PEMBANGUNAN BERKELANJUTAN DI DESA KELIWUMBU KECAMATAN MAUROLE KABUPATEN ENDE

This research aims to explain the impact of the construction of the Ropa PLTU on sustainable development in Keliwumbu Village, Maurole District, Ende Regency, in the form of socio-economic and environmental impacts on the community of Keliwumbu Village. This research uses a qualitative descriptive approach with data collection techniques used are interviews, observation and documentation. The research results show that the development of the Ropa PLTU industry has had an impact on sustainable development in the socio-economic dimension of the Keliwumbu Village community in the form of changes in community income, availability of employment opportunities, opening up of new economic business opportunities, changes or additions to sources of livelihood, good community education and quality of health. society is not good. The environmental impact is environmental pollution felt by the people of Keliwumbu Village, pollution caused by PLTU liquid waste and coal loading and unloading dust which pollutes the ocean and beach sand turns black, and coal loading and unloading dust causes air pollution, reducing fishermen's catches and harvests. farmers, highways are damaged due to passing coal-laden vehicles.

NEW TRENDS IN ORGANIZATIONAL LEADERSHIP – THE IMPACT OF LEADERS ON ORGANIZATIONAL CULTURE AND INNOVATION

In the dynamically changing world of business, organizational leadership becomes a catalyst for success, shaping organizational culture and stimulating innovation in enterprises. Contemporary leaders, standing at the center of organizational transformation, influence business strategies, the lives of employees, and the company’s market image. Effective leadership requires adaptation to new technologies, managing diversity, and building innovative teams. The article analyzes various leadership theories, including trait, behavioral, situational, transformational, transactional, charismatic, servant, and relational theories, emphasizing their impact on organizational culture and employee motivation. Modern trends in leadership, such as authentic leadership, servant leadership, remote management, and sustainable business practices, respond to changing business and social demands. These trends affect management practices and organizational culture, promoting openness, trust, and collaboration. Leaders play a key role in shaping organizational culture and stimulating innovation, adapting to the changing trends and challenges of contemporary business.

Implementing Agile Methodologies in Data Warehouse Projects

Agile techniques have transformed project management and software development by stressing flexibility, collaboration, and customer-centricity. Data warehouse initiatives have traditionally used a waterfall methodology, which may delay, cost more, and misalign with business needs. Agile techniques are applied to data warehouse projects in this article, examining their pros and cons.The study starts with Agile fundamentals including iterative development, incremental delivery, and adaptive planning. It compares these concepts with the linear, sequential waterfall approach employed in data warehousing. Agile approaches like Scrum or Kanban may help data warehouse projects adapt to changing business demands and improve results. The report recommends creating cross-functional Agile teams with data administration, analytical, and development competence to execute Agile in data warehouses. Collaborative teams encourage communication and feedback loops. Sprints, stand-ups, and retrospectives help data warehousing teams make quick changes and meet business goals, according to the report.

MULTI-VARIANT DIGITAL BUSINESS SYSTEM: INFLUENCE ON CORPORATE CULTURE AND EMPLOYEES’ BEHAVIOR

This article examines the impact of a multivariate digital business system on corporate culture and employee behavior. Advances in technology have led to the emergence of a variety of digital tools and platforms that allow businesses to adapt to a changing business environment. However, the implementation of such systems can have a significant impact on the corporate culture and internal dynamics of the organization. This article examines various aspects of the impact of a multivariate digital business system on corporate culture, including changes in communication methods, risk perception, the structure of internal processes and communication between employees. The study also analyzes how these changes affect employee behavior and their adaptation to the new digital environment. The findings of the article may be useful for organizations considering the implementation of multivariate digital business systems and wish to understand the potential impacts on corporate culture and personnel.

Building Scalable Data Warehouses: Best Practices and Case Studies

In today's data-driven world, the ability to manage, store, and analyze large volumes of data is crucial for business success. The demand for scalable data warehouses has risen dramatically as organizations seek to handle the explosion of data generated by modern applications and digital transactions. "Building Scalable Data Warehouses: Best Practices and Case Studies" explores the key strategies, methodologies, and technologies involved in designing and implementing scalable data warehouses that meet the demands of today and the future. The paper highlights the importance of architecture choices, data modeling techniques, and performance optimization in creating data warehouses that can grow with an organization’s needs. Additionally, it provides case studies that demonstrate the real-world application of these principles in various industries, showing how scalable data warehouses have enabled companies to maintain high performance, reduce costs, and enhance decision-making capabilities.The paper begins by defining what constitutes a scalable data warehouse, emphasizing the importance of a flexible and adaptive architecture that can accommodate growing data volumes and changing business requirements. It explores different architectural approaches, including the benefits and challenges of traditional on-premises data warehouses versus cloud-based solutions.

MARKETING ACTIVITIES OF IT COMPANIES: INFORMATION AND ORGANISATIONAL CAPABILITIES FOR DIGITAL PRODUCT DEVELOPMENT

The purpose of this article is to provide a comprehensive examination of the informational and organisational capabilities of marketing activities in the market for digital products and services. It highlights the importance of data analysis, web analytics and technology partnerships for success in the digital marketplace. It also examines modern organisational strategies to help IT companies effectively implement marketing initiatives and adapt quickly to changing business landscapes. Methodology. This article is based on a theoretical and methodological review of the existing scientific literature on digital technologies, the marketing of digital products and services, and an overview of current technological and organisational solutions in the digital field. In addition, it includes a survey of marketing managers from renowned IT companies with the aim of delineating the typology of organisational structures within marketing departments. Results. Information delivery, data analytics, monitoring tools and web analytics are critical to digital marketing in IT organisations, facilitating the collection and analysis of data from multiple sources such as websites, social media and CRM systems. By leveraging big data and machine learning algorithms, it is possible to identify complex dependencies and predict consumer behaviour. Technological partnerships and collaborations with startups are becoming increasingly important for IT companies' marketing efforts, providing access to fresh ideas, technologies and a competitive edge. Organisational structures in the marketing departments of IT companies emphasise agility and cross-functional teamwork, often using agile methodologies. This promotes adaptability to market changes. Marketing structures typically include inbound approaches, flexible growth-oriented setups, and streamlined hierarchies. Practical implications. These marketing tools and organisational methods are recommended for implementation in the marketing departments of IT companies. The correlation between informational and organisational capabilities contributes to the achievement of marketing goals and the competitive advantage of IT companies in the marketplace. Scrum and Kanban, widely used agile frameworks, are not limited to technology companies but are also common in financial services and retail. Value / Оriginality. In the context of the ongoing military conflict, successful operation of Ukrainian IT companies in the modern world requires not only technological superiority, but also effective marketing and a well-organised internal structure. To accelerate the recovery of the Ukrainian IT sector and improve existing practices, the following recommendations have been made.

Оцінювання тенденцій фінансового результату збутової діяльності виробничого підприємства

The article discusses the main principles of forming the financial result of the sales activity of the business entity. At the same time, the main attention is focused on the evaluation of the trends of changes in the gross profit of the manufacturing enterprise. The main factors influencing its change under martial law are outlined. It has been proven that timely monitoring of the results of sales activity requires the use of economic and mathematical methods and models for estimating gross profit. The means of econometric modeling provide for the selection of the most significant factors of its change, assessment of the density and closeness of the connection, the share of influence of the selected factors on the performance indicator, modeling and further forecasting of the gross profit. The trends of changes in the result of the sales activity of the manufacturing enterprise over the last fifteen years were analyzed. The main problems have been identified and the ways to overcome problematic areas of sales activities have been outlined. It is substantiated that in order to overcome the mentioned troubles, it is necessary to apply the correlation-regression analysis of the gross profit of the manufacturing enterprise. At the same time, the most influential factors of its change were chosen: the volume of sales of the main type of products, the cost of goods and retained earnings (uncovered loss). The result of the conducted research is the construction of multifactorial econometric models of the formation of the gross profit of the manufacturing enterprise. It was established that all these models are adequate according to the coefficient of determination and Fisher's test. Therefore, gross profit forecasting for the next two years was carried out based on them. The forecasting process was carried out on the basis of the assumption of a one percent change in the selected factors and on the basis of the trends existing at the production enterprise. The forecasting results are of a recommendatory nature and can be applied in accordance with changing business conditions. Forecasting changes in factors, using the TREND function, leads to a rapid increase in gross profit. Applying an expert assessment of changes in factors proves a more optimistic prediction of the size of the gross profit of the manufacturing enterprise. The work offers several possible options for changing the result of sales activities in accordance with the dynamics of changes in the selected factors. The relevance of the provided information will allow not only to evaluate the existing trends regarding changes in gross profit, but also to choose the best result depending on the dynamism of the internal and external environment of the production enterprise.

MAPPING THE LANDSCAPE OF ARTIFICIAL INTELLIGENCE IN SUPPLY CHAIN MANAGEMENT: A BIBLIOMETRIC ANALYSIS

Industry 4.0 concepts and technologies, which focus on interconnectivity, digitalization, and automation, are critical to the long-term success of both micro and macroeconomic entities. Artificial Intelligence (AI) has emerged as a critical enabler for effective Supply Chain Management (SCM) within this framework. This research study conducts a thorough examination of the current literature to investigate the role of AI in SCM. The study attempts to identify research trends, appraise the present state of knowledge, and provide insights on management implications through a systematic review and the use of bibliometric analytic methodologies. The management implications of this study provide light on the potential benefits and possibilities that AI may provide to SCM operations. The research findings provide firms with the means to improve their supply chain operations, elevate decision-making processes, and achieve a competitive advantage in the changing business landscape by properly using the potential of AI.