Business Information Research Articles

ЕКОСИСТЕМНИЙ ПІДХІД В ПРОЦЕСІ ФОРМУВАННЯ ІННОВАЦІЙНИХ БІЗНЕС-МОДЕЛЕЙ

The article systematizes theoretical approaches to the concept of “ecosystem”, including business ecosystem, economic ecosystem, innovation ecosystem, entrepreneurial ecosystem, industrial ecosystem. The article also considers the prerequisites and retrospective evolution of the transition to the work format according to the principle of ecosystems when companies build their business models. The authors proposed the definition of the ecosystem of innovative development of the industrial sector as a set of interacting business entities (real sector, business), authorities, public organizations, scientific and educational organizations, which realize the implementation of joint functional tasks based on the joint use of the resource potential of all participants (actors) in order to achieve a synergistic effect. The component composition of the ecosystem of innovative development of enterprises is proposed. Differentiation of the benefits of the participants from the application of the ecosystem approach (economic, social, institutional, infrastructural) is provided. The concept of the innovation ecosystem was studied for the analysis of dynamic open environments, which include organizations, individuals and institutions that interact in the formation, use and dissemination of innovations. The key components of innovative ecosystems are defined and their interaction is highlighted. The importance of using information and digital platforms to optimize business processes in the ecosystem is emphasized. The characteristics that are typical for innovation ecosystems and modern innovation processes are highlighted. An algorithm for the introduction of an ecosystem approach to the model of innovative development of the industrial sector has been developed. Significant attention is paid to defining the differences between digital ecosystems and traditional business alliances. The risks arising during the transition of work to this business format, as well as prospects, are considered in detail development and society’s readiness to work in ecosystems on the basis of accumulated customer service experience.

Сучасні тенденції розвитку франчайзингу як бізнес-стратегії

The article is devoted to the study of features of franchising as a strategy of business development, which allows to form resource, technological, innovative, partner competitive advantages and take a stable competitive position in the market and, as the experience of developed countries shows, is a real mechanism for successful development of small business in the long term. The economic essence of the classical model of franchising and the socioeconomic conditions that determined its evolution are disclosed: changes in consumer behavior; strengthening customization and individualization trends; change in franchisee’s expectations of entrepreneurial initiative; rapid development of information and communication technologies; increase in franchisors’ costs for franchisee support; the economic crisis, which contributes to the growing popularity of budget conceptions; growing uncertainty of the external environment. Based on the systematization of the parameters of differences (the fact of brand transfer, features of the regulation of key processes, the possibility of registration of joint ownership of the franchise, standardization of external elements and assortment, as well as the specifics of the process of innovation transfer) alternative models of franchising are characterized: customized franchising of the business format, quasi-franchising and branchising. Knowledge of modern trends in the organization of entrepreneurial activity on the basis of franchising will allow entrepreneurs to choose for business the direction that is in demand at a particular point in time in a certain territory for a specific segment of consumers.

공급사슬네트워크에서 비즈니스 애널리틱스의 영향에 관한 연구

The purpose of this study is to empirically investigate the relationship between organizational business analytics capability and supply chain performance in order to identify the impact of business analytics in supply chain network. Specifically, drawing on literature streams in Supply Chain Operations Reference Model and Information Processing Theory, this study conceptualizes the notion of business analytics capability in supply chain network, develops its structure as a reflective model, and tests the constructs and operational measures in the model. And then this study investigates the relationship between analytics capabilities in the plan, source, make and deliver area of the supply chain network and its performance using business process orientation and information system support as moderators that form the basis of our theory. Conducting an empirical study of 170 Korean manufacturing firms, this study, through the successive stages of measurement model analysis, provides empirical evidence for modeling reflective indicator and construct of business analytics capability in supply chain network. As a result, the construct of business analytics capability is posited to reflect a combination through analytics capabilities in the plan, source, make and deliver area of the supply chain network. And the findings suggest the existence of a statistically significant relationship between business analytics capabilities and supply chain performance. The moderation effect of information systems support is considerably stronger than the effect of business process orientation. These findings provide a better understanding of the areas in supply chain network where the impact of business analytics may be the strongest.

Determinants of Loan Repayment among Women Entrepreneurs in Oru East Local Government Area of Imo State, Nigeria

The study focused on identifying the factors influencing loan repayment among women entrepreneurs in Oru East Local Government Area of Imo State, Nigeria. The specific objectives involved determining the socio economic characteristics of women entrepreneurs, sources of borrowing, rate of loan repayment, factors affecting loan repayment, and the importance of available loans to the respondents. The study used a simple random sampling technique to select 120 respondents. Primary data were collected through structured questionnaire and personal interviews. Data analysis involved the use of simple descriptive statistical tools such as means, percentages, and frequency distributions, a 4 point Likert scale, Ordinary Least Squares (OLS) regression model, Analysis of Variance (ANOVA), and Pearson Product Moment Correlation (PPMC). The findings revealed that the majority of the respondents were married (67%), young (58%), educated (100%), and experienced in handling financial and non financial issues (83%). Additionally, most respondents had large families that supported their enterprises through cheap labor and the supply of vital business information. The study also found that the majority of the respondents accessed their loans from formal financial institutions and had a moderate repayment rate of 54%. Significant variables influencing loan repayment among the respondents included age, operating costs, experience, income, and value of assets. Furthermore, the majority of the respondents agreed that loan availability benefitted them in expanding existing businesses, diversifying into new business lines, purchasing major inputs, and acquiring major assets. Based on these findings, the study recommended that loans should be extended to individuals with the necessary capacity to interact with formal financial institutions. Financial institutions should provide friendly and flexible policies to support loan repayment and create awareness among clients regarding the proper use of loans. Additionally, the government should consider subsidizing the price of inputs to reduce the financial burden and facilitate prompt loan repayment. These measures would ultimately stimulate the local economy, generate employment, and reduce poverty in the study area.

Unveiling Capital Structure Determinants, Business Characteristics and High-Growth Performance of Small and Medium-Sized Enterprises: Evidence from Nigeria

Recent interest among both SME operators and academics/professionals in determining what factors influence the capital structure and performance of SMEs has increased. Possible cause includes increased focus on the role that small and medium-sized enterprises (SMEs) play in driving economic growth. This research evaluated the factors that influence small and medium-sized enterprises' capital structures, as well as their performance predictors, financial accessibility factors, firm characteristics that predict their capital structures, and the impact of capital structure on SMEs' profitability. It was decided to conduct a survey study, with the help of a properly designed questionnaire. The population included both small and medium-sized enterprise (SME) owners and operators in the study area (South-West, Nigeria). Four hundred small and medium-sized enterprises (SMEs) purposefully chosen using purposive and proportionate procedure from each state in the region and asked to fill out an online questionnaire (Google Form) to collect the data. This study found a significant relationship between capital structure and the performance of small and medium-sized enterprises (SMEs) in Nigeria's Southwest region. Formal strategic plans, consistent operational procedures, positive work relationships, and the presence of formal business plans were found to have a significant impact on the financial decisions of SMEs, thereby improving overall business performance. Furthermore, the factors influencing SMEs' capital structure decisions include both strategic and organisational components, emphasising the importance of formal strategic planning, consistent operational procedures, positive work relationships, and formal business plans.

Technical Guidance for Oyster Mushroom Baglog Production Using a Semi-Mechanical Baglog Pressing in Poktan Turi Sidomulyo

The Turi farmer group is located in Sidomulyo Village, Tuntungan, Medan. One of the businesses run by this group is the cultivation of oyster mushrooms. However, this poktan has not been able to produce oyster mushroom baglog independently. Thus, greater capital is needed to buy baglog from the manufacturer. Basically, the process of making oyster mushroom baglog is quite simple and can be conducted manually, but the common problems encountered are the long baglog production time, non-uniform quality and high number of workers. In addition, the production of oyster mushroom baglog can be used as another business by partner groups in an effort to increase the income of group members and cut production costs for oyster mushrooms in partner groups. The purpose of this activity was to improve the insight and skills of the community in the Turi Poktan to be able to produce the oyster mushroom baglog by utilizing a simple technology in the form of a baglog presser to cut the production costs and open up new business opportunities in order to improve the welfare of the community in partner Poktans. The expected results from this community service activity were products in the form of oyster mushroom baglog and the formation of a new business by the turi group as a producer of oyster mushroom baglog so as to increase the welfare of the community in partner groups.

Strategic Engineering of Human Resources Development (HRD) to Respond to the Digital Transformation Era in the Context of Business Information Systems

Digital transformation has reshaped the business landscape, compelling organizations to confront new challenges in terms of technology, business processes, and operational models. This research aims to identify and analyze effective strategies in developing human resources to respond to the digital transformation era, particularly in the context of business information systems. The study employs an in-depth review of existing literature through qualitative analysis to gain a comprehensive understanding of the subject, covering the period from 2012 to 2023. The study's findings indicate that in the face of the rapidly evolving digital transformation era, the role of Human Resources (HR) is crucial for organizational success, especially in the context of Business Information Systems. Digital transformation necessitates organizations to adapt and leverage innovative information technology to maintain their competitiveness. Strategic Engineering of Human Resources Development (HRD) becomes an essential foundation for effectively managing these changes. This process involves planning, development, and implementation of strategies to build HR capabilities that can address the challenges of the digital transformation era.

Empirical Study on Sentiment Analysis

Sentiment analysis (SA), generally known as Opinion Mining (OM), is really the process of gathering and evaluating people's ideas, thoughts, feelings, beliefs, including views about various subjects, goods, as well as services. Individuals produce large amounts of comments and evaluations about products, services, and day-to-day tasks as Internet-based applications such as webpages, online sites, social networking sites, and blog posts continue to evolve at a rapid pace. Firms, government institutions medical researchers and scholars may use sentiment analysis to collect and evaluate mood of the people and perspectives, obtain business information, and make smarter and more informed choices. The approaches for sentiment analysis are thoroughly examined in this work, problems, trends and features in order to provide academics with a worldwide overview of sentiment analysis and topics of interest. The paper discusses the various uses of sentiment analysis as well as the general procedure for performing this assignment. The report subsequently examines, analyses, and analyses the various techniques in order to gain a comprehensive understanding of its benefits and downsides. Furthermore, to elucidate long term prospects, the constraints of sentiment analysis have been highlighted.

HARARE AS A DESTINATION FOR INFORMAL BUSINESS TOURISM: PERSPECTIVES OF THE CROSS-BORDER TRADERS

Business tourism scholarship in the Global South is an undeveloped theme in international research. The phenomenon of business tourism in sub-Saharan Africa is urban-centred. This paper unpacks a critical dimension of business tourism in the African city, namely the activities of informal business tourists. Specifically, the focus is on Harare, Zimbabwe’s capital city, as a destination for international informal business travellers. Using qualitative interviews with cross-border traders, new insight is provided on the reasons why Harare is a preferred destination for cross-border traders. It is demonstrated that Harare is assuming a growing role in the network of cities in Southern Africa (and beyond) which are connected through the mobilities and activities of informal cross-border traders.Two distinct sub-groups are differentiated within Harare’s economy of international informal business tourism These are cross-border traders from other countries in sub-Saharan Africa who travel to Harare and Zimbabwean cross-border traders who visit Harare either to buy goods for resale in other countries in the region of Southern Africa or to sell in Harare goods that are purchased in neighbouring countries, mainly from South Africa.

Akuntansi dan Laba Rugi dalam Sebuah Pemaknaan: Studi Fenomenologi pada Pedagang Kaki Lima

This study aims to reveal the meaning of profit and loss for street vendors in the auditorium area of Tanjungpura University. This study uses a qualitative approach with a phenomenological method. Data were collected through in-depth interviews with ten street vendors who were purposively selected. The results of the study show that the meaning of profit and loss for street vendors is not only determined by the amount of income and expenditure, but also by other factors such as customer satisfaction, social relations, health, security, and self-confidence. Street vendors have different ways of calculating and managing profit and loss, as well as strategies to overcome the risks and challenges they face. This study contributes to understanding the microeconomic phenomenon from the subjective perspective of informal business actors.

Costs and benefits of business information security

The article considers the process of information security from the position of cost-benefit assessment that allows to understand economic aspects of feasibility study of measures in the field of business information protection. In the practice of Russian business, the issues of information security are focused on compliance with regulatory requirements of the legislation. This leads to the fact that business entities neglect the procedure of comprehensive assessment of measures effectiveness that should consider the costs and benefits of legal, organizational, and technical information protection implementation. At the same time, in order to meet the new conditions of technological development of society, it is necessary to revise the concept of information protection of business entities and to fix in the policy of information security of activities the approaches to risk assessment based on assets value. The study contains a description of the cost/ benefit approach to the constituent components of ensuring information security of business process. To understand the economic aspects of information security, the research focuses on business entities of the market type of economic activity (the enterprise makes profit in its activity). The composition of components of the ensuring information security process has been defined. On the example of risk management costs and benefits of information security have been considered in detail.

Study on the Business Model and Development of Catering Chains

With the growth of China's national economy, the catering market has shown a strong momentum of development. People's demand for catering is growing, and catering chain stores provide consumers with diversified choices, so catering chain stores have been developed. Chain restaurants are, to a certain extent, the inevitable product of the development of the catering industry. It is a form of business organization and business model, referring to the expansion of catering enterprises through chain operation and franchising. This paper takes Haidilao and Xiangcai brand Nongchengji as examples, based on their successful business models. The study was conducted on the market size, competition, franchise mode, and management mode of chain catering. In addition, the development process and existing problems of Chinese chain catering were analyzed, and finally improvement suggestions were proposed, which provide examples and references for China's mechanization, and China's chain catering industry will enter a new era of development in the future

ANALISIS PERANCANGAN ARSITEKTUR ENTERPRISE DINAS PETERNAKAN MENGGUNAKAN TOGAF ADM 9.2 (STUDI KASUS: FUNGSI VAKSINASI HEWAN PADA DINAS PETERNAKAN BANDUNG BARAT)

This study analyzes and plans an enterprise architecture for the animal vaccination function at the Department of Fisheries and Animal Husbandry of West Bandung Regency. Animal vaccination is a crucial step in maintaining health and protecting animal populations from diseases. The author employs the TOGAF ADM (The Open Group Architecture Framework - Architecture Development Method) approach to analyze the animal vaccination process and identify necessary improvements. The vaccination steps, workflow, and responsibilities of various stakeholders are evaluated using the TOGAF ADM. Stages such as defining business architecture, data, applications, and information technology are applied in this analysis. The current information technology infrastructure is also analyzed to identify the suitable needs of the enterprise architecture. The results are expected to provide recommendations for improving the animal vaccination process at the Department of Fisheries and Animal Husbandry of West Bandung Regency. With an enterprise architecture based on TOGAF ADM, it is anticipated that the efficiency of animal vaccination implementation can be enhanced. These recommendations can serve as a guide for similar institutions in optimizing the animal vaccination process. In other words, this research bridges the theory of enterprise architecture with practical applications in the context of animal vaccination, yielding potential solutions to enhance process efficiency and effectiveness.

Pengaruh Teknologi Informatika Dan Komunikasi Dalam Bisnis Internasional

The development of information technology is rapidly triggered by the need for information quickly, accurately, and current. Information technology has become a major facility for the activities of various sectors of life which contributed greatly to the fundamental changes in organizational management structure and operations, information technology has been exploited by some people who can see business opportunities of the technology, influence and role of information technology indirectly, have made an online business grow. Those who understand the business can see good opportunities in the world of online business. Because many of the benefits or profits in the business online. So, Information Technology (IT) plays an important role in the development of online business information technology or IT has been commonly referred to many an important role in various fields that exist in this world. These areas include communications, medicine, economics and others. Online business is a lot of this outbreak could not be separated from the influence and role of IT.

Optimalisasi Pengelolaan Data Administrasi Masyarakat melalui Aplikasi AppSIMDUK (Studi Kasus RT 2 RW 5 Kelurahan Koto Luar Pauh Padang)

Rukun Tetangga (RT) is the smallest unit of government structure in Indonesia which is at the sub-district or village level. RT is an organisation responsible for providing services to the community at the local level. Each RT has duties and functions in terms of administration and services to residents in the surrounding environment. This community service activity attempts to implement the Village Government, Business and Financial Information System (AppSIMDUK) application in RT 2 RW 5 Koto Luar Subdistrict, Pauh Padang District. This activity is an endeavour to improve the local administration of community administrative data. Implementation methods include preliminary studies to understand requirements, application development, training and simulation of application use, implementation in the field, as well as monitoring and evaluation of activities. The results of this activity show that respondents, notably RT heads and appointed officers, gave positive responses to the use of the application. However, there are recommendations to provide additional training sessions or manuals to increase the efficacy of using the application. In addition, a number of respondents suggested aesthetic enhancements and the addition of community-related elements. Thus, the implementation of AppSIMDUK has the potential to improve the effectiveness of local government administration

User Requirements in Enterprise Resource Planning Systems Adoption: A Case of Botswana’s Higher Institutions

ERP systems are the largest software applications adopted by universities, along with quite significant investments in their implementation. However, unlike other applications, limited research has been conducted regarding the application of this system in higher education in Botswana. This study aims to identify user requirements in the adoption of enterprise resource planning (ERP) systems in Botswana’s higher education institutions. This study was conducted in three higher education institutions in Botswana. This study adopted the quantitative methodology of using surveys to understand ERP adoption in higher education and proposed a model that could be used to guide business information systems requirements to appropriate ERP systems in a higher educational environment. Based on the findings, the study proposed a conceptual model of ERP system adoption in higher education institutions using six success dimensions. The six success dimensions are user requirements, user satisfaction, information quality, service quality, institutional impact, system quality, and faculty/management impact. Only information quality was rejected from the model. The six success dimensions are the basis through which a higher education institution can understand user requirements in implementing an effective ERP.

Применение операторами телекоммуникационных систем графов знаний позволяет существенно повысить уровень сервиса и минимизировать время реагирования на инциденты.

The article describes a method of designing and modeling telecommunication systems based on the joint use of modern business process models, information and functional models developed by the TMForum organization, and knowledge graphs. The systems developed using the proposed method enable to build business models and operating models of all segments of carrier networks by linking elements of TMForum models, as well as by supplementing them with operational data received from the network in the form of log files generated by application servers, and as a result of network devices polling. The generated models can be used by telecom operators to address business and operational problems, as well as by architects of telecommunications systems for their design and modernization.

Applicability of bankruptcy prediction models in the western Hungarian food retail sector

The article examines the applicability of existing bankruptcy prediction models in the food retail sector. The industry has been chosen for analysis due to the fact, that according to official statistics, it has been significantly affected by the events of recent years (Covid-19 epidemic and economic crisises). For the study, a database was created with all firms that had ceased to operate in the sector over an 11-year period in 3 counties. The main objectives of the study were: 1) to check whether there are differences in the reliability of the models and which models are most applicable to the selected sector; 2) to investigate the accuracy of the models over the time horizons of bankruptcy; 3) to check the accuracy of forecasting models by type of bankruptcy completion procedure; 4) provide suggestions on the possibilities of applying bankruptcy forecasting models and indicate directions for further research. During the research, it was found that not all considered models are suitable for accurate forecasting. Two of the five models have very low prediction accuracy (Virág-Hajdu model and Tafler model). Assessment of model accuracy across bankruptcy time horizons showed that there is little variation in short-term forecast accuracy, with a slight decrease in the reliability of the models in the long term. Examining the predictive accuracy of the models by completion procedure type revealed that the types of procedures affected the prediction. The most accurate results were obtained for liquidation, while voluntary liquidation was the least accurate in several cases. The use of bankruptcy prediction models is important for an enterprise because they are a key tool for reducing its operational risk and preventing financial problems. The study can provide information for businesses in the food retail sector and the results can be used for further research. There are additional opportunities for expanding the enterprise database, transferring the research to other sectors of the economy, and expanding the number of bankruptcy models to study the suitability of their application to enterprises of various industries

Unravelling the Threads of Customer Loyalty: Motives Shaping Supermarket Patronage in Sri Lanka

Over the past couple of decades, profound changes in the business context in Sri Lanka, including the presence of global brands, emergence of new retail business formats, dominance of the service sector, application of direct marketing, industry convergence, and deregulation, have significantly shaped customer behavior. Accordingly, the supermarket concept has sparked renewed interest among shoppers in the contemporary retailing context in Sri Lanka. This note mainly focuses on comprehending the behaviour of supermarket shoppers and evaluating the motives behind their level of loyalty in the context of supermarket patronage in Sri Lanka. Recent study findings reveal that three major factors, namely ‘product motive’, ‘services motive’ and ‘location motive’ have significantly contributed to enhancing supermarket patronage in the context of grocery shopping in Sri Lanka.

Gender Differences in Business Record Keeping and Planning: Evidence from Informal Enterprises in Iraq

Abstract Business record keeping, along with business planning, are foundational steps in businesses moving from informal stature to contributing to the capitalization of assets. Thus, the transitioning of informal businesses to business record keeping and planning is significant for economic development. The purpose of this study is to investigate whether there is a relationship between the gender of informal business owners and their engagement in business record keeping and planning in an emerging economy. We take advantage of a unique data set on informal enterprises in Iraq to show that women, versus male, leaders of informal businesses are more likely to adopt business record keeping and formal business planning. Following the foundational theories of Max Weber (Gerth and Mills 2014), we attribute our results to groups that are excluded from dominant relationship networks relying more on rational bureaucracy. Results will be of great interest to scholars and policymakers interested in the impacts of gender differences on financial development.