Business Environment Research Articles

Study on the Innovation Path of Business Administration and Human Resource Management in Digital Transformation

The wave of digitalization is sweeping across the world, reshaping the business environment and management mode of enterprises. Business administration and human resource management, as the core fields of enterprise operation, face unprecedented challenges and opportunities. This study focuses on the innovation paths of these two fields in the context of digital transformation, aiming to explore a new paradigm of management practice and provide theoretical guidance and practical reference for enterprises to maintain their competitiveness in the digital era.

The Key Role of the Chamber of Commerce in Supporting the High-quality Development of the Private Economy

The chamber of commerce is a powerful support to serving the government and managing the non-public economy, which can strongly promote the high-quality development of the private economy in Shaanxi. In recent years, Shaanxi has made multiple overall plans and taken multiple measures to improve the vitality of the development of the chamber of commerce in an all-around way, enabling the high-quality development of the private economy with policy integration and innovation. However, there are still problems in the development of chambers of commerce, such as a lack of public service awareness, lack of institutional norms, uneven levels of development, and lack of unified centralized management. Therefore, this paper puts forward four countermeasures and suggestions. First, clarify the boundary of power and responsibility, and effectively exert the function of the federation of industry and commerce. Second, strengthen the legal guarantee and support of norms and policies. The third is to improve the level of autonomy of chambers of commerce and enhance the development in all aspects. Fourth, build a new type of government-business relationship and continuously improve the market business environment.

Exploring the Links Between Employee Resilience and Career Satisfaction: The Roles of Job Crafting and STARA Awareness

Abstract In a dynamic business environment where challenges are inevitable, the success of an organization depends on the resilience demonstrated by its employees. Prior studies provide valuable information on employee resilience and its outcomes; however, there is limited knowledge of how employee resilience influences career outcomes. Drawing on Job Demands-Resources Theory, this study explores the mediating effect of job crafting on the relationship between employee resilience and career satisfaction. Also, this study examines whether smart technology, artificial intelligence, robotics, and algorithms (STARA) awareness moderates the relationship between those variables. The study sample consists of 321 individuals employed in white-collar positions within various enterprises in Turkey. Structural equation modeling was used to test the research hypotheses. The findings indicate that job crafting significantly mediates the relationship between employee resilience and career satisfaction. Additionally, STARA awareness moderates the relationship between employee resilience and job crafting, whereas there is no conditional indirect effect between employee resilience and career satisfaction. This study presents practical implications for white-collar workers' career attitudes in business environments characterized by increased digitalization.

Enhancing team crafting through proactive motivation: An intervention study.

Although the literature on individual job crafting has proliferated over the past decade, research on the collaborative crafting efforts of organizational teams has lagged behind, which is surprising given the prominence of team-based arrangements in contemporary work and the importance of team proactivity in today's business environment. Drawing on proactive motivation theory and the literature on proactive performance in teams, this article presents a large-scale intervention study aimed at increasing team proactive motivation, including a pretest/posttest control group with 96 teams and 1,077 employees. We study the extent to which a team proactive motivation intervention is associated with changes in three dimensions of team crafting (task team crafting, relational team crafting, and cognitive team crafting) at both 6 months and 1 year after the intervention. We also examine the mediating role of change in the three team-level crafting dimensions in explaining the association between the intervention and change in team performance over time. Our results show that the intervention is positively associated with change in all three forms of team crafting. Furthermore, change in team crafting positively associates with change in team performance 6 months and 1 year after the intervention. (PsycInfo Database Record (c) 2024 APA, all rights reserved).

The Moderating Effect Of Business Environment On The Supply Chain Management Practices And Competitive Advantage Of The Chinese Construction Industry In Kunming, The People's Republic Of China

The Moderating Effect Of Business Environment On The Supply Chain Management Practices And Competitive Advantage Of The Chinese Construction Industry In Kunming, The People's Republic Of China

Agile transformation in uncertain times: exploring diffusion strategies and organisational maturity

ABSTRACT The turbulent and dynamic environment in which organisations are evolving today forces them to adapt in a timely manner and strengthen their resilience. Agility represents one of the recognised capacities to reach that resilience in a VUCA environment. However, consensus is not yet reached regarding how to become agile, and which ‘agility’ better matches the organisation’s needs and trajectory. Based on a qualitative exploratory approach of 15 expert narratives, dominantly from IT field, this study seeks to answer how does the adoption of agility in companies operating in uncertain business environments affect and reflect their level of organisational maturity. The research analyses the variety of strategies used by organisations to embrace agility and how these strategies correlate with levels of organisational maturity. Utilising New Institutional Theory (NIT) – a widely acknowledged framework in modern social sciences – this research uncovers the agility triggers in the organisation. Moreover, the findings highlight a continuum to agile organisation of three stages. The research also takes a fresh look at the concept of maturity. Maturity in the context of agile transformation lies a convergence point that reflects a global coherence in the system: the individual, the collective, the organisational, as well as the external, that of the organisations implementing agile practices.

The Link Effect of ESG Score, Stock Price Volatility, and Tax Payment: Doing Well while Doing Good

This study aims to identify how environmental, social and governance (ESG) performance influences stock price volatility, explicitly focusing on the moderating role of tax engagement. ESG performance is measured by an ESG Score calculated from the weighting of three dimensions: environmental, social and governance. Stock price volatility is measured by the degree of price variations over 12 months based on the last 52 weeks’ prices. A sample of Indonesia-listed firms is used, with 770 observations from 2023. The results show that the ESG Score negatively impacts stock price volatility, which is more significant in the social dimension than in the environmental and governance dimensions. In addition, the tax payment variable moderates the relationship and increases the effect of the ESG Score on stock price volatility. These findings suggest that ESG practices and tax transparency are ethical elements and critical components for financial stability, promoting the high-quality development of listed firms. This study is significant for firms, regulators, policymakers and investors. Overall, it underrates the importance of firms adopting ESG activities and engaging in tax management to mitigate risks and maintain viability in the contemporary business environment. This study provides new empirical evidence regarding the factors driving corporate stock price volatility. In addition, it offers pertinent policy recommendations for businesses and governments regarding the significance of ESG investments.

NAVIGATING ORGANIZATIONAL TRANSITIONS SMOOTHLY: A COO’S GUIDE TO EFFECTIVE CHANGE MANAGEMENT

In today's dynamic business environment, organizational transitions are not just occasional occurrences but rather constant features of the landscape. Emphasize the pivotal role of COOs in orchestrating smooth transitions. Chief Operating Officers (COOs) serve as linchpins in facilitating these transitions, ensuring they unfold seamlessly. Effective change management becomes imperative for minimizing disruptions and sustaining operational excellence. Establish open channels of communication to keep employees informed throughout the transition process. Clearly articulate the reasons behind the transition and the anticipated outcomes. Encourage feedback and address concerns promptly to mitigate resistance. Collaborate with department heads, team leaders, and employees to solicit valuable insights and perspectives. Anticipate potential challenges and develop contingency plans to mitigate risks and minimize disruptions. The strategies COOs can employ to navigate organizational transitions adeptly, fostering a culture of adaptability and resilience within their organizations.

Exploring Entrepreneurial Success Factors in Nepal

Entrepreneurship education plays a crucial role in fostering economic growth and competitiveness by providing individuals with the skills and knowledge necessary for success and innovation. Addressing educational needs, particularly in underserved regions, can significantly enhance entrepreneurial outcomes and contribute to broader economic development. Government policies and regulations profoundly impact business operations, competitiveness, and growth. It is essential for governments to continuously adapt their policies to create a conducive business environment and promote entrepreneurial development. The interplay between government policies and business performance underscores the importance of a well-coordinated approach to economic policy and entrepreneurship support. Effective policy frameworks are essential in supporting entrepreneurial activities and fostering a favorable business environment. The dynamic relationship between government actions and business success highlights the need for ongoing adaptation and coordination in economic policy to promote entrepreneurial development and economic growth.

Improving Customer Experience Through Differentiation Capability: The Rise of Competition Among Africa’s Consumer Goods Companies

Competitive advantage is one of the essential components of customer satisfaction and business growth, but the COVID-19 pandemic has had a substantial influence on consumer behavior, while also giving rise to intense competition within the business environment in Africa, making competitive advantage and customer experience a challenge. Consequently, firms have been compelled to make strategic choices such as differentiation capability to navigate these challenges. The study therefore examines the effect of differentiation capability on the customer experience of selected consumer goods companies listed in Nigeria the biggest economy in Africa. The research adopted a cross-sectional survey method, and a total of 20 consumer products firms were identified and evaluated based on their capitalization criteria and continuous dividend payments. From this group, seven companies were chosen for further analysis. The sample size of 378 was determined using the Research Advisor Table, with a confidence level of 95% and a margin error of 5%. To address the issue of non-response, appropriate measures were taken, leading to the inclusion of an additional 113 respondents, representing 30% of the original sample. This adjustment resulted in a final sample size of 491. A total of 491 questionnaires were sent to the respondents, resulting in a response rate of 97.76%. The hypothesis was examined by regression analysis. The results of the study indicate that differentiation capability is an effective tool that is statistically significant and positive to customer experience (β =0.842, t = 29.782, p<0.05); The research findings indicate that applying differentiation capability in a firm helps attain a stronger competitive position and has a favorable impact on customer experience. This research, therefore recommends that there is a need for technology adoption to cut production costs and establish a durable competitive advantage.

The Impact of Business Uncertainty on the Performance of Small Enterprises During the Economic Crises in Sri Lanka

Small enterprises often regarded as the backbone of economies, are currently confronted with unprecedented challenges due to the uncertain conditions arising from the COVID-19 pandemic and subsequent economic crisis in Sri Lanka. Therefore, the study attempts to assess the impact of uncertainty in the business environment on the business performance of small enterprises in Sri Lanka during the economic crisis. The study is a deductive and explanatory approach in quantitative design. The primary data was collected for a structured questionnaire from 185 owners of small enterprises in Kalutare district, Sri Lanka. The data was analyzed by using Partial Least Square Structural Equation Modelling. The results revealed that demand uncertainty, supply uncertainty, price uncertainty, policy uncertainty, and behavioral uncertainty have negatively affected business performance while technological uncertainty does not have a significant impact on business performance. Thus, the study empirically exposed that the business performance of small enterprises is severely blocked by business uncertainty during the economic crisis. Therefore, small enterprises should plan business activities to make rational business decisions based on reliable information to achieve better business performance by avoiding uncertainty during the economic crisis.

A regulatory model for harmonizing tax collection across Nigerian states: The role of the joint tax board

Nigeria's decentralized tax system presents significant challenges to efficient tax administration, with disparities across states leading to issues such as double taxation, revenue leakage, and non-compliance. The need for a harmonized tax system has become more critical as the country seeks to improve its revenue generation and create a more conducive environment for businesses. This paper examines the role of the Joint Tax Board (JTB) in creating a regulatory model that harmonizes tax collection across Nigerian states. The study outlines the complexities of the current tax structure, highlighting the fragmentation between federal and state tax authorities. It also explores the successes and limitations of the JTB in coordinating tax policies, particularly with regard to the Personal Income Tax. Drawing on international examples of successful tax harmonization, the paper proposes a hybrid regulatory model that balances state autonomy with centralized coordination. Key principles for the proposed model include the standardization of tax policies, strengthening of enforcement mechanisms, and the adoption of modern technology to streamline tax administration. Furthermore, the paper discusses the challenges of implementing a harmonized tax system, such as political resistance from states, disparities in technological capacity, and weak enforcement mechanisms. Recommendations include legislative reforms to strengthen the powers of the JTB, capacity building for state tax authorities, and increased collaboration between federal and state governments. In conclusion, this study emphasizes the pivotal role of the JTB in driving tax harmonization and highlights the need for a unified tax system to promote economic growth and improve compliance in Nigeria. Keywords: Regulatory Model, Harmonizing, Tax Collection, Nigerian States, Role, Joint Tax Board.

Leveraging Power BI for Enhanced Data Visualization and Business Intelligence

In today’s data-driven world, businesses must harness the power of data to remain competitive and make informed decisions. Power BI, a leading business analytics tool from Microsoft, offers comprehensive capabilities for transforming raw data into meaningful insights. This paper explores the benefits of leveraging Power BI for enhanced data visualization and business intelligence. It emphasizes how Power BI’s interactive dashboards, customizable reports, and real-time data updates empower organizations to gain deeper insights and foster data-driven decision-making. By integrating data from various sources, Power BI allows users to visualize trends, patterns, and anomalies through its intuitive and user-friendly interface. Moreover, its AI-powered features and advanced analytics tools make predictive analytics more accessible, driving future strategies. This paper also examines the collaborative potential of Power BI, as teams can easily share reports and insights across departments. As businesses increasingly adopt digital transformation strategies, Power BI stands out as a vital tool for improving operational efficiency, understanding market trends, and driving business growth. This study highlights the significance of Power BI in supporting organizations to not only interpret complex data but also to stay agile and responsive in an evolving business environment. In conclusion, Power BI’s robust data visualization and business intelligence capabilities offer organizations a competitive edge in today’s fast-paced, data-centric landscape.

ORGANIZATIONAL EFFECTIVENESS FOR ACCOUNTING IN-FORMATION SYSTEM PRACTICE: A STUDY ON SOME SELECT-ED READY-MADE GARMENTS FACTORIES OF CHATTOGRAM IN BANGLADESH

In today's rapidly evolving global business environment, implementing Accounting Information Systems (AIS) effectively is essential for improving financial reporting accuracy and operational efficiency. Despite its importance, the relationship between AIS practices and organizational effectiveness remains insufficiently explored, particularly within Bangladesh's ready-made garments (RMG) industry. This study aims to examine the impact of AIS on organizational effectiveness within the RMG sector of Chattogram, Bangladesh. Data were collected from 400 respondents using a purposive sampling method, with responses measured on a five-point Likert scale. The study evaluated AIS across multiple dimensions, including financial reporting accuracy, timeliness of decision-making, data security, ease of accessibility, regulatory compliance, and user satisfaction. Organizational effectiveness was assessed in terms of cost efficiency, integration with other systems, decision support, adaptability to change, training and support, innovation, and system upgrades. Factor analysis was performed to validate the data, and reliability was tested through Cronbach's Alpha. A structural equation model (SEM) was developed using IBM SPSS AMOS 22 to analyze the relationship between AIS and organizational effectiveness, ensuring that the model met convergent and discriminant validity requirements. The results revealed a significant positive relationship between AIS practices and organizational effectiveness. AIS contributed to improved decision-making, enhanced financial reporting accuracy, streamlined operational processes, and greater overall efficiency. These findings underscore AIS's crucial role in promoting organizational success within the RMG sector, highlighting its potential to boost performance, productivity, and overall effectiveness.

Influencing Factors of Sustainable Rural Entrepreneurship: A Four-Dimensional Evaluation System Encompassing Entrepreneurs, Economy, Society, and Environment

The implementation of rural entrepreneurship emerges as a pivotal pathway for fostering rural economic growth. However, unsustainable entrepreneurial endeavors have posed notable ecological threats and environmental degradation. Drawing upon the triple bottom line framework, this research devised a comprehensive evaluation system for sustainable rural entrepreneurship, spanning four dimensions: entrepreneurs, economic, social, and environmental aspects. Employing the fuzzy Decision-Making Trial and Evaluation Laboratory (DANP) approach, we delineated the intricate causal relationships among influencing factors and identified key determinants along with their respective weights. Our findings underscore the prominence of economic dimensions in fostering sustainable rural entrepreneurship. Specifically, entrepreneurial motivation, type of entrepreneurship, financial backing, economic value, favorable policy frameworks, and a conducive business environment emerged as pivotal indicators. Notably, the type of entrepreneurship, financial support, economic value, and favorable policies emerged as propelling factors driving sustainable rural entrepreneurial progress. Conversely, entrepreneurial motivation and the business environment manifested as dependent factors within this causal nexus. This study offers valuable managerial implications for entrepreneurial teams and pertinent government agencies, enabling decision-makers to formulate evidence-based strategies aimed at realizing sustainable rural entrepreneurship.

Costos en la gestión ambiental: camino necesario a la sostenibilidad

Around the world, the importance of preserving the natural environment has been recognized, which has led to an increase in the expectations of various stakeholders involved. This process has driven the orientation that prioritizes sustainability. In this situation, the objective of this article is to promote environmental accounting as a necessary tool for environmental management, both in the business environment and on a global scale. The study consists of an exhaustive systematic review with a qualitative approach at a descriptive level through the review of scientific articles, consulted in databases such as: Scopus, Google academic, Scielo, Mendeley, among others. It is concluded that environmental management together with environmental accounting as a necessary tool to achieve sustainable development benefit society, the environment and the company in terms of promoting sustainability, corporate social responsibility, decision making, efficiency and competitive advantage.

تأثير الإنفاق الحكومي في الــنموّ الاقتصادي في سلطـنة عمان

Understanding the relationship between government spending and economic growth is crucial because it is complex. While well-directed investments create a more favorable environment for businesses to thrive and thus stimulate economic growth, excessive spending may lead to inflation and crowd out the private sector, accordingly, hindering growth. This study seeks to determine the effect of public expenditures (investment expenditures, current expenditures, contributions, and other expenditures) on the Sultanate of Oman's economic growth, using quarterly data from 2010 to 2022. The study relies on the descriptive approach and the analytical quantitative approach by forming and estimating a standard model and then testing it using the bounds test of the Autoregressive Regression of Distributed Lags (ARDL) methodology to determine the long-term and short-term effects of public expenditures on economic growth through EViews 13. The results of the analysis show that there is a long-term and short-term effect of government investment expenditures on economic growth in Oman during the study period. The results also indicate that there is no significant effect of current government expenditures, contributions, and other government expenditures, neither in the short term nor in the long term. The study recommends a set of recommendations for decision-makers in Oman, the most important of which is to focus on investment expenditures, especially infrastructure projects that improve productivity, innovation, productive capacity, and long-term competitiveness.

A Smartphone Resource for Just-in-Time Medical Student Teaching by Emergency Medicine Residents.

Objectives Previous studies have shown that residents play an important role in the education of medical students in the clinical setting, but the busy environment of the emergency department (ED) poses a challenge to the effective teaching of medical students by emergency medicine (EM) residents. Tocombat this, this study relies on just-in-time teaching, which refers to the application of teaching efforts specific to a particular moment, in this case, a clinical case or procedure. Building on studies showing that just-in-time teaching can improve education despite time constraints, as well as data showing that practitioners and trainees increasingly use apps for diagnosis and education, the objective of this project was to determine whether a free open-access medical education (FOAM) smartphone application (app) is feasible and improves the quality and frequency of resident teaching of medical students in the emergency department. Methods We created a smartphone app-based teaching resource that was available to residents and students on shift. We taught residents and medical students how to integrate the app into their workflow. We performed an observational pre/post-studydesign by surveying residents' and students' pre- and post-teaching app introduction to determine self- and student-reported teaching frequency and quality. Outcome measures were self-reported teaching frequency and quality of teaching. Results Ten of 17 residents (59%) reported using the app at least once per shift. Among them, six of 10 (60%) reported that it increased their teaching frequency, and eight of 10 (80%) reported that it increased the quality of their teaching. There was an increase in the number of residents with positive perceptions of the availability of evidence-based teaching resources on the shift from pre-intervention (five residents) to post-intervention (14 residents, p = 0.01); however, we were otherwise unable to identify any significant differences in residents' or students' perceptions of teaching after implementation of our intervention. Conclusion Just-in-time teaching of medical students by residents using a smartphone app is feasible, as evidenced by the majority of resident respondents reporting that they used the teaching app at least once per shift. Residents reported an improvement in teaching frequency and quality. The study is limited by a small sample size and a single-site design with a pre/post design. Further studies with a focus on qualitative feedback and objective measures of learning are needed to assess whether there is an impact on medical student instruction by residents when using this app-based teaching resource.

Navigating Business Model Redesign: The Compass Method for Identifying Changes to the Operating Model

In today’s dynamic business environment, organizations constantly change their business models to respond to emerging digital technologies and shifting customer expectations. It is a fundamental challenge to translate these changes into the organization’s operating model. When organizations redesign their business models, significant adjustments to the operating model and its underlying business processes are necessary to ensure the effective delivery of the value proposition to customers. Existing research falls short in detailing how changes to the business model at the tactical level impact the operating model at the operational level. To address this gap, this paper introduces the Compass Method. This method provides guidance for decision-makers at the tactical and operational levels in identifying necessary changes to their operating model using a set of operating model design cards. The method has been developed following the design science research methodology and is grounded in extant knowledge from both business model research and process management research. Three rounds of design and evaluation of the method were completed in multiple settings. The study contributes to the understanding of the relationship between business models, operating models, and business processes, paving the way for the development of complementary methods and tools to further investigate this relationship.

Analyzing barriers to design thinking adoption within organizations: a DEMATEL approach

PurposeThe adoption of the design thinking approach (DTA) within organizations is crucial for generating creative and innovative solutions to complex business and societal problems. However, the integration of DTA into organizational practices is progressing slowly and needs immediate attention. Numerous interrelated and interdependent barriers hinder the integration of DTA into organizational practices. This study aims to identify and categorize barriers to DTA adoption within organizations into cause and effect (C–E) groups.Design/methodology/approachBarriers to the implementation of DTA were identified through a comprehensive literature review and semi-structured interviews with eight professionals to gather insights into real world barriers. The study follows the resource-based view (RBV) theory to identify the barriers. Following this, the decision making trial and evaluation laboratory (DEMATEL) method was applied to categorize the barriers into C–E groups.FindingsThe study identifies 18 barriers to DTA adoption within organizations in the Indian context. The results revealed that the most prominent barrier to the DTA implementation within organizations is the misfit with existing processes and structures, followed by weak organizational culture and difficulties in implementing the idea. Our findings suggest that managers should champion the adoption process. This will help in motivating employees and fostering a culture of design thinking in the organization. Organizations need an open mindset and should give employees more opportunities to experiment. There is an immediate need for measures that enable better collaboration between business organizations and educational institutions, including universities, to promote DTA.Practical implicationsThe findings of the study will help the organizations and decision-makers in expediting the adoption of DTA within their organizations. The results categorize the barriers into C–E groups, allowing organizations to take appropriate measures to address the cause group barriers and minimize the impact of the effect group barriers.Originality/valueThis study is the first of its kind to utilize the RBV theory in identifying and classifying barriers to DTA adoption within Indian organizations. However, the findings are also applicable to other countries with similar business environments.