Dynamic Business Research Articles

Market concentration and productivity: evidence from the UK

AbstractWe measure product market concentration and business dynamism in the UK from 1997 to 2020 and study the relationship with productivity. Our results show that concentration in the UK is increasing among narrow industries on average, but for a broad market definition, concentration and business dynamism are stable. We find a negative relationship between concentration and productivity for the average firm, but a positive relationship for the average worker. This occurs because higher industry concentration is associated with better allocative efficiency, measured by the proportion of workers in higher‐productivity firms.

Pengaruh Observasi Lapangan Dalam Membangun Minat Bisnis Keluarga

This research aims to investigate the influence of field observations in building interest in family business through literature study research methods. Family businesses are a central pillar of the economy in many countries, and the interest and involvement of family members plays a crucial role in the continuity and growth of these businesses. Field observations, which include family members' direct experience in various aspects of the family business, are thought to have a significant influence in the formation of family business interests. The literature study research method was used to investigate previous studies relevant to this topic. Although there is no research that specifically examines the influence of field observations in building interest in family business, this literature review will present concepts and theories that can provide an understanding of the potential influence of field observations and their practical implications. The results of the literature review show that field observations have the potential to increase the understanding, skills and involvement of family members in the family business. Through direct experience in various aspects of the business, family members can gain a deeper understanding of the dynamics of the family business and increase their intrinsic motivation to be involved in the business.

Understanding Purposeful Leadership in Entrepreneurial Contexts: A Bibliometric Analysis

Leadership styles have evolved significantly in response to dynamic business environments and global challenges. Purposeful leadership, in particular, has gained attention for its potential to address these challenges by fostering innovation and ethical decision-making. The aim of this research is to identify and visualize publications on “Purposeful Leadership” within business organizations. This study uses the Dimensions database to collect relevant publications, which are then analyzed and visualized using VOSviewer. The bibliometric analysis includes various visualizations such as country-coupled, organization-coupled, source (journal)-coupled, authors-coupled, document-coupled, and keyword co-occurrence, focusing on articles published from 2014 to 2023. The results show that the USA ranks highest in terms of country-coupled bibliographic terms, with Maharishi International University (USA) leading in organization-coupled terms. The journal with the most citations is identified, while the most frequently cited documents and prolific authors are highlighted. The keyword “leadership” is the most frequently used, while “purposeful leadership” is still emerging, indicating substantial opportunities for future research. The growing interest in purposeful leadership, particularly in the USA, highlights the need for further exploration of this concept, especially in relation to other variables in management and business contexts. The findings emphasize the importance of developing integrative techniques to mobilize collective energy to address significant global challenges like climate change and social injustice. Purposeful leadership offers a solution to these needs, focusing on the role of leaders in articulating and addressing major problems in a focused and inclusive manner. This study underscores the necessity for more comprehensive research to fully understand the impact and potential applications of purposeful leadership in various organizational settings, paving the way for enhanced organizational performance and sustainability.

A decision-making framework for determinants of an organisation’s readiness for smart warehouse

Demanding, competitive business dynamics drive organisations to continually evaluate and adopt automation in their structural setups, particularly warehouses, for growth and profitability. Industry 4.0 technologies are revolutionising warehouse operations, resulting in cost savings, increased efficiency, and a more environmentally friendly approach for businesses. The readiness of organisations to adopt these technologies is evaluated with the help of hard and soft determinants selected through a theoretical framework of Technology–Organisation-Environment (TOE). In this study, a unique method is used that combines the Modified Delphi method, content validity for scale validation, expert opinion consensus tests for agreement, ranking determinants using the Best Worst Method (BWM), and rank validation through sensitivity analysis for warehousing industry experts and organisations. Warehouse service providers who convert their warehouses into smart modes to serve fast-moving consumer goods companies in Tier-2 cities are chosen for the structural framework. Results present the role of the ‘operational efficiency of technology’, ‘top management’, ‘employee’s education’, and ‘technical background’ as the most effective driving determinants. This research provides valuable information to researchers and managers trying to upgrade their warehouse into a smart warehouse.

The plant‐level view of Korea's growth miracle and slowdown

AbstractWe analyze the evolution of the plant size distribution, static allocative efficiency and business dynamism of the Korean manufacturing sector during its growth miracle (1967–2000) and the subsequent slowdown since 2000. The average plant size has an inverse‐U pattern over time, with a peak in the late 1970s. The measure of static misallocation decreases modestly until 1983 but increases substantially afterwards. These results are at odds with what one may extrapolate from the existing cross‐country evidence on the positive relationship between plant size and economic development or the negative one between static misallocation and development. We also find that the growth rate of manufacturing productivity is not systematically correlated with either the level or the rate of change of the average plant size or static misallocation. On the other hand, business dynamism, measured by either churning or responsiveness to shocks, diminished significantly since 2000, coinciding with the decline in the growth rate of manufacturing productivity. Our findings call for more systematic research on how economic performance correlates with establishment/firm size distribution and with static and dynamic allocative efficiency.

Systematic Mapping Study of Sales Forecasting: Methods, Trends, and Future Directions

In a dynamic business environment, the accuracy of sales forecasts plays a pivotal role in strategic decision making and resource allocation. This article offers a systematic review of the existing literature on techniques and methodologies used in forecasting, especially in sales forecasting across various domains, aiming to provide a nuanced understanding of the field. Our study examines the literature from 2013 to 2023, identifying key techniques and their evolution over time. The methodology involves a detailed analysis of 516 articles, categorized into classical qualitative approaches, traditional statistical methods, machine learning models, deep learning techniques, and hybrid approaches. The results highlight a significant shift towards advanced methods, with machine learning and deep learning techniques experiencing an explosive increase in adoption. The popularity of these models has surged, as evidenced by a rise from 10 articles in 2013 to over 110 by 2023. This growth underscores their growing prominence and effectiveness in handling complex time series data. Additionally, we explore the challenges and limitations that influence forecasting accuracy, focusing on complex market structures and the benefits of extensive data availability.

Firms and inequality

Abstract We review the existing literature on falling business dynamism and present a new analysis using comprehensive UK firm-level panel data. Since the mid-1990s, there has been a large increase in UK firm-level inequality (especially in the upper tails) of productivity, wages, markups and labour shares, similarly to the USA. We suggest a simple theoretical framework for understanding some of these trends and quantitatively analyse why, despite increasing markups, the UK labour share has not fallen as sharply as that in the USA. Finally, we suggest some policy options in response to these worrying trends, including modernizing competition rules to deal with the growth of superstar firms and strengthening worker bargaining power.

Why do information technology companies in Kosovo fail? An analysis of factors

ABSTRACT This research enhances our understanding of regional entrepreneurship challenges, informs policymakers, and guides aspiring entrepreneurs. It has practical implications for policy development, entrepreneurial education, and future research. Kosovo, a developing country in South-Eastern Europe, faces economic challenges despite recent growth. Its technology sector, crucial for a knowledge economy, struggles with IT company failures. This study uses a qualitative cross-case analysis to compare 15 failed IT companies with 5 successful ones, identifying specific attributes and factors associated with their outcomes. The findings reveal that managerial experience, strategic planning, marketing, networking, dedication, and commitment differentiate successful IT companies from those that fail. Additionally, the research highlights the importance of international markets, favorable financial conditions, government support, competitive strategies, and workforce skills in business success. This research provides valuable insights into business dynamics in a developing economy and informs policymakers in crafting targeted support.

Transformational Leadership Style and Team Innovation: The Moderating Role of Leaders’ Emotional Intelligence

Organizations around the world continuously confront a wide range of challenges, risks and obstructions occurring in dynamic and complex business environment. These vulnerabilities keep on menacing their sustainability and appropriate functioning. Given such uncertain external pressures, the capabilities of employees working in teams within these organizations have become crucial and by time evolving as their viable assets. Business leaders are often tested for their agility in response, resource base sufficiency and innovative outcomes through unpredicted crises. Leading in tough times is itself a toughest challenge in face of unparalleled environmental pressures. It is therefore important to understand and explore what entails a successful leadership role for teams to remain innovative given any drastic change occurs. The objective of intended research was to address gaps in the understanding and comprehension of team innovation through leadership and leaders’ emotional intelligence in order to identify how leaders derive their teams in uncertain business environments. This study determined the influence of transformational leadership on team innovation with emotional intelligence of leaders as a moderating variable. The results showed that a relationship exists between transformational leadership and innovation in teams in an uncertain environment. Transformational leadership boosted employee innovation in teams. Accordingly, emotional intelligence has been seen as ability of leaders to make a set of norms that recognize employees in teams; yet, unpredicted effect of emotional intelligence on the relationship between transformational leadership and team innovation has been witnessed in this research.

A Comprehensive Study on Decision-Making Algorithms in Retail and Project Management using Double Framed Hypersoft Sets

In today's dynamic business environment, effective decision-making plays a crucial role in the success of retail businesses and project management endeavors. This paper presents a comprehensive study of decision-making algorithms, focusing on the utilization of Double Framed Hypersoft Sets (DFHS) in retail and project management contexts. The study explores the theoretical foundations of DFHS and its practical applications in customer segmentation, personalized marketing, project selection, and resource allocation. Various algorithms and methodologies incorporating DFHS are discussed and analyzed, highlighting their advantages, limitations, and real-world implications. Through a series of numerical examples, case studies, and comparative analyses, this study provides valuable insights into the role of DFHS in optimizing decision processes, improving business outcomes, and fostering innovation in retail and project management domains.

Pursuing sustainable performance in healthcare organizations: a sustainable business model perspective

PurposeThis paper explores the use of Dynamic Business Modeling for Sustainability (DBMfS) in healthcare management settings as a holistic approach to integrating economic, social, and environmental dimensions into the business formula of these complex organizations.Design/methodology/approachAfter framing sustainable value in healthcare in terms of organizational complexity, wicked problems, and emerging managerial challenges, the paper proposes and illustrates the DBMfS approach that adopts a systemic view of sustainable value in healthcare. According to a qualitative perspective, a single-case study of a maternity-related healthcare treatment is also described to explore the implications and limitations of using this approach to sustainable business modeling in healthcare organizations.FindingsFindings show that, by embracing sustainability through DBMfS, healthcare organizations can improve operational efficiency, reduce waste (like energy, water, and medical supplies), and enhance cost-effectiveness, thus contributing significantly to societal well-being.Originality/valueIn recent years, the healthcare sector has faced numerous challenges and wicked problems, including escalating costs, resource constraints, and growing environmental concerns. As a result, the concept of sustainability has gained significant attention, thus calling scholars and practitioners to develop methods and tools able to integrate it into strategic management systems of healthcare organizations. By proposing the adoption of DBMfS in the healthcare sector, this paper contributes to feeding up the current debate.

Investigating the Link among Corruption, Corporate Governance and Corporate Performance in Family Businesses: A Future Research Agenda

Family businesses have distinct characteristics that differentiate them from other firms. Researchers must meticulously analyze issues, with a specific focus on the interplay of family business dynamics, considering this factor. The main objective of this research was to provide insight into the adverse effects of family companies, particularly how the power dynamics inside these organizations might enable corruption or fraud and how corporate governance can help in mitigating these phenomena. Specifically, family businesses can be investigated by considering unique characteristics such as ownership and control, generational dynamics, and corporate governance. To address the study topic, a bibliometric analysis was conducted using the R statistical programming language and the bibliometric tools Biblioshiny and VOSviewer. Data were obtained from the Scopus database and examined in documents. The lack of unbiased external evaluation, the ineffectiveness of internal audits, disputes between different generations, the dominance of family members, and the narrow extent of governance all contribute to the exacerbation of tensions that promote corruption inside family firms. Moreover, the findings indicate that CEO duality correlates with the occurrence of corruption and fraudulent activities, such as manipulating profits. Furthermore, the findings suggest a correlation between the qualities of the board and instances of corruption and bribery inside family firms. These factors also increase the probability of financial statement fraud.

EXPLORING THE INTERPLAY OF ENTREPRENEURS' AWARENESS, PERCEPTION AND INTENTION IN DRIVING DIGITALIZATION FOR MSMES: A FOCUSED INSIGHT INTO SIDBI'S ROLE

Business dynamics have undergone a remarkable transformation in recent years, primarily driven by the digital revolution. Micro, Small, and Medium Enterprises (MSMEs) are recognized as the cornerstone of economic growth and development, and their adaptability to this digital era is paramount.This empirical investigation explores the complex relationship between entrepreneurs' awareness, perceptions, and intentions and their influence on the adoption of digitalization, with a focus on the digital initiatives of the Small Industries Development Bank of India (SIDBI), which aims to transform MSMEs digitally. Various constructs, such as entrepreneurs' awareness, perceptions, and intentions, are used to evaluate digital adoption in small businesses. By examining entrepreneurs' levels of awareness, perceptions, and intentions, we aim to uncover the fundamental factors that shape their strategic choices regarding digital adoption.This study employs structural equation Modeling (SEM) through AMOS and adopts an explanatory survey method. It involved engaging Indian MSMEs with a total of 300 participants. Of these, 220 successfully submitted fully filled-out questionnaires through Google Forms.It is noteworthy that the examination of the research model revealed promising results by meeting the thresholds of CFI, RMSEA, and other similar measures. Findings reveal that entrepreneurs' awareness and intention positively influence digital adoption in MSMEs, whereas entrepreneurs' perception has no significant influence on digital adoption in MSMEs.This study has significant practical implications for policy formulation, entrepreneurial decision-making, collaborative efforts, risk mitigation, and future research directions in the context of digitalization within the MSME sector.

A HOLISTIC EVALUATION OF MANAGEMENT GRADUATES' DETERMINATION TO BECOME ENTREPRENEURS IN TODAY'S BUSINESS ENVIRONMENT

India has a higher rate of unemployment due to its large population, high inflation rate, and a lack of entrepreneurs. There are more job searchers than job creators. More job creators are needed in India. This dynamic business climate is providing new opportunities and sectors. Because of the pandemic Covid-19, massive technological intervention in every area resulted in new business patterns. We, too, have many sources of funding for an entrepreneurial venture. Even the government intends to promote fresh inventive ideas, incubation centers, and start-ups. The most significant barriers are a lack of understanding about funding options and central government entrepreneurial efforts. Even young people must come up with business concepts in order to launch their own ventures. They must develop their self-employment skills. This study is an attempt to examine the students' perceptions and degree of interest in pursuing entrepreneurship as a career. Various aspects, such as their demographics and employment aspirations, were considered for the study. This study included around 200 students from different education levels.

ЗАРУБІЖНИЙ ДОСВІД КОРПОРАТИВНОЇ СОЦІАЛЬНОЇ ВІДПОВІДАЛЬНОСТІ

In today's dynamic business landscape, the concept of social responsibility has gained prominence, prompting enterprises to reassess their roles and responsibilities in society. This article undertakes a thorough examination of the definitions of social responsibility proposed by a multitude of authors and scholars. By synthesizing these perspectives, we aim to provide a nuanced understanding that guides enterprises in their pursuit of ethical, sustainable, and socially impactful practices.The primary objective is to comprehensively investigate the relationship between Corporate Social Responsibility (CSR) initiatives and business performance across various industries and geographic regions. Specifically, the article aims to achieve the following: Analyze the Effectiveness of CSR Practices: The article seeks to assess the effectiveness of different CSR initiatives undertaken by businesses. Measure Financial and Non-Financial Performance Metrics: The study will evaluate the impact of CSR initiatives on both financial performance indicators (e.g., revenue, profitability, stock performance) and non-financial metrics (e.g., brand reputation, customer loyalty, employee satisfaction). Assess Stakeholder Perceptions and Expectations: Understanding the perspectives of key stakeholders, including consumers, investors, employees, and regulatory bodies, is crucial in evaluating the effectiveness of CSR initiatives. Explore Industry and Regional Differences: Business environments vary significantly across industries and geographic regions, leading to diverse approaches to CSR adoption and implementation. Identify Opportunities and Challenges: examine the challenges and limitations associated with CSR implementation. This article provides actionable insights for businesses to leverage CSR initiatives effectively. By aligning CSR practices with stakeholder expectations, leveraging industry insights, and addressing associated challenges, companies can foster sustainable business practices. This not only optimizes business performance but also contributes positively to society. Integrating CSR into corporate strategies emerges as imperative for driving long-term success and societal impact, highlighting the importance of responsible business practices in today's dynamic landscape.

Abstracting the Architecture Design System to Create New Applications

In software engineering, application design and architecture play an important function of their improvement, maintenance and scalability. This paper explores the idea of ​​abstracting architectural design approaches to facilitate the advent of latest packages. By decoupling structure from unique application contexts, builders have the ability to test new technologies, adapt to evolving wishes, and scale their programs. Finally, this paper recommends to adopt abstract architecture design systems as a method for software improvement. By offering a based framework for constructing new packages, the abstraction of architectural design structures empowers developers to innovate, iterate and optimize in a dynamic business surroundings, and truly fosters a tradition of continuous improvement and excellence in the application development exercise.

The Future of HCM: Moving to the Cloud

The landscape of Human Capital Management (HCM) is undergoing a significant transformation as organizations increasingly migrate their HCM systems to the cloud. Cloud-based HCM solutions offer unparalleled scalability, flexibility, and cost-efficiency, enabling businesses to streamline HR processes, enhance data accessibility, and leverage advanced analytics. This paper explores the future of HCM in the context of cloud migration, highlighting key drivers, benefits, and challenges associated with this shift. Through a comprehensive literature review and analysis of case studies from diverse industries, the study demonstrates how cloud-based HCM systems facilitate real-time data management, support remote and hybrid work models, and integrate seamlessly with other enterprise systems. Additionally, the research addresses critical concerns such as data security, privacy, and change management, proposing best practices for successful cloud adoption. The findings underscore the pivotal role of cloud computing in shaping the future of HCM, offering strategic insights for organizations aiming to optimize their human capital and maintain a competitive edge in a dynamic business environment.

Studi Literatur Penerapan Konsep dan Peran Manajemen pada Organisasi

The concept of management is a crucial element for effective organizational management. This article discusses various management theories and approaches, including basic functions such as planning, organizing, directing, and controlling. This research uses literature studies or literature reviews. The information used in this study comes from previous research written in national and international online publications. The data collection procedure makes use of the standards set by the authors of each magazine. Finding problems for research, gathering relevant data about them, and examining some fundamental hypotheses related to them are the broad goals of literary studies. The results of this study highlight the evolution of management thinking from the classical era to the modern era, including the contributions of important figures and recent advances in management practice. The research also explores the application of management concepts in various industries and organizations, as well as the challenges managers face in a dynamic business environment. In addition, this study emphasizes the importance of adaptation and innovation in management practices to improve organizational performance. Thus, this research provides an in-depth insight into the fundamental concepts of management and their influence on management practices. Modern management is based on principles such as discipline, division of labor, authority and responsibility, unity of command, unity of direction, subordination of personal interests, fair wages, centralization, authority, order, justice, stability of positions, initiative, and the spirit of solidarity. These principles help management actions achieve organizational goals.

ERP SYSTEM (Enterprise Resource Planning) Integrated Software Solution for Business Management

Abstract- Enhancing Organizational Efficiency through ERP SYSTEM. An Enterprise Resource Planning (ERP) Implementation Abstract: In today’s dynamic business environment, the effective management of resources and processes is imperative for organizational success. Enterprise Resource Planning (ERP) systems have emerged as powerful tools to streamline operations, optimize resources, and facilitate data-driven decision-making. This research paper explores the implementation of Rujul Tyre, an ERP solution tailored for the automotive industry, and its impact on organizational efficiency. The study employs a mixed-methods approach, combining qualitative interviews with key stakeholders and quantitative analysis of operational metrics. Through in-depth interviews with managers, IT personnel, and end-users, insights are gained into the motivations, challenges, and outcomes of the ERP implementation process. Additionally, quantitative analysis of pre- and post-implementation data provides empirical evidence of the system’s efficacy in enhancing efficiency across various departments. Findings reveal that the implementation of ERP resulted in significant improvements in resource allocation, production planning, inventory management, and customer relationship management. The system facilitated real-time access to critical data, enabling faster decision-making and improving overall agility in responding to market demands. Moreover, integration with existing systems enhanced communication and collaboration among departments, leading to smoother workflows and reduced operational bottlenecks. Keywords: ERP (Enterprise Resource Planning), streamline operations, Privacy, Security.

Supply chain competitiveness through agility and digital technology: A bibliometric analysis

Supply chain competitiveness and agility are matured areas in supply chain management. While there is an ongoing evolution in digital technology alongside supply chain competitiveness and agility, the literature appears to have limited bibliometric reviews on how digital technology impacts these aspects. This study examines supply chain competitiveness with bibliometric analysis, focusing on the critical elements of supply chain agility and the impact of rapidly advancing digital technologies. The study bridges the gap between management and technology disciplines. Employing the PRISMA methodology, 147 scholarly articles were meticulously selected and analysed, adopting a multifaceted analytical approach that combines bibliometric and descriptive analyses. This thorough literature synthesis reveals a profound and intricate connection between supply chain agility and digital technology, underscoring their joint significance in fostering competitive advantage within the dynamic business landscape. This investigation contributes to the existing body of knowledge by identifying seven distinct clusters, offering a detailed map of the current research landscape. This study charts a course for future academic inquiries into this critical area and provides valuable insights for practitioners. It underscores the importance of integrating agile supply chain practices and digital technologies to maintain and enhance competitive positioning in today’s fast-paced business environment.