Company's Business Strategy Research Articles

Klasifikacija održivih poslovnih modela - pregled literature i preslikavanje njihovog uticaja na ciljeve održivog razvoja

Sustainable Business Models (SBM) have been seen as a suitable vehicle for organizations to convey sustainability. The SBM requires a company's business strategy to be shaped around sustainability goals. These goals can be integrated into the business strategy by creating an internal commitment focused on sustainability. Enablers play a crucial role in this integration process. The 2030 Agenda issued by the United Nations set clear goals on sustainable development, i.e. the Sustainable Development Goals (SDGs). Firms are encouraged to design SBM to fulfil these goals. Yet, an extensive investigation of the effect of the SBM applications on the SDGs is lacking. This paper is based on a semantic analysis of the relevant literature. The results show the internal enablers that support the integration process of sustainability into the organization's strategy. In addition to that, the underlying classification process highlights the clusters of applications for the SBM. These are, in turn, mapped over the SDGs to show the impact of each cluster on each SDG.

Imagination, Uncertainty and Business Strategies of Russian Companies in the Field of Medical Devices

High-tech innovation is often understood as creating new worlds and trajectories of development and generating uncertainty. On the basis of 15 interviews with the heads of Russian medical technology companies, the paper presents the different types of uncertainties faced by med-tech entrepreneurs. Is the lack of exact knowledge about the results of the development and implementation of new technologies (a classic type of uncertainty in the innovation sector) perceived by entrepreneurs as a difficulty? Or do they deal with uncertainties of another type, for example, related to the political and economic context in the country? What business models are emerging in the industry for regional companies? What is the role of expectations and the imagination in the work of the company director or R & D engineers? How is this related to the specifics of the health industry? As a theoretical basis, the concepts of uncertainty in the innovation sector, as well as uncertainty associated with the rules of the game set by political and economic institutions, are considered. The strategies of innovative entrepreneurs in conditions of uncertainty are investigated using the concept of the imaginary in the version of science and technology studies (STS). This research identifies four business models of hi-tech entrepreneurs in Russia: Small deal supporters, Revolutionaries, Conformists, and Isolationists. In the development of medical equipment, it is important that the main customers of medical devices in Russia are state-owned hospitals. One of the most winning strategies for Russian entrepreneurs is the use of ambiguity, i.e., to secondguess the agenda set by government agencies and use official rhetoric in negotiations with officials. One might have expected that, especially in such a situation, imaginaries might be a vehicle for innovation. However, uncertainty about rules and ambiguity in political priorities results in an imaginary drama-imaginaries in med-tech companies do not exist, and neither does innovation.

Innovation Management of Enterprises: Legal Provision and Analytical Tools for Evaluating Business Strategies

The article investigates the peculiarities of the enterprise's innovation activity and its legal regulation, conducts the evaluation of the business strategy for chemical companies according to the manufacturer’s principles of innovation management. The purpose of the paper is to evaluate the business strategy of chemical companies according to the manufacturer’s principles of innovation management. According to the evaluation results it is determined that the business strategy is unstable and needs to be improved. Also there are negative trends in the enterprise’s development and decrease in the efficiency. The complex of recommendations to improve the business strategy which forms the basis for the methodology of the selection the most objective strategic alternative in the chemical companies is proposed. To improve the strategy the authors suggested to expand enterprise’s market share and to implement intensity of product sale for different types of products; to consider the peculiarities of legal regulation for chemical industry in the field of innovative goods production; to keep the trend of production costs reduction; to seek ways to increase the profit of the enterprise by cost control and increasing sales.

Joint Ventures and Sustainable Development. A Bibliometric Analysis

One of the most common business strategies in companies’ growth and internationalization is the Joint Venture (JV) strategy. This type of entry mode in the global market has contributed to building a more sustainable international market. This type of collaborative business normally happens between firms located either in the same country or located in different countries with different levels of development. This paper presents a thorough cross-bibliometric analysis of studies examining the relation between joint ventures and sustainability published in academic journals during the period from 1997 to 2020 and available in the Scopus Collection. This mapping of the field on the one hand graphically illustrates the publications’ evolution over time, and on the other hand, the use of bibliometric methodology shows a picture that clusters the academic research of the relationships among these two topics according to the following criteria: JV type, sustainability criteria, host country groups and activity sectors. In addition, the public or private JVs’ nature shows a relation to the type of sustainability, and mainly development and management sustainability. The paper reveals the knowledge gap regarding the connection of these two fields, JV and sustainability, and provides a robust roadmap for further investigation in this field.

Factors affecting profitability of pharmaceutical company: an Indonesian evidence

PurposeThe purpose of this paper is to examine the factors affecting profitability of pharmaceutical company in Indonesia. While research and development has been the main discussed issues in pharmaceutical sector development, scant attention has been paid to profitability factors determined by financial ratio specifically. The industry itself faces significant disruption with the implementation of universal health coverage in Indonesia. This study investigates the factors affecting profitability in an Indonesian pharmaceutical company after the national health insurance policy implementation.Design/methodology/approachThis research is based on five independent variables (IVs) with six measurements that were empirically examined for their relationship with profitability. These variables are firm size (as measured by total sales), company efficiency (assets turnover), liquidity (current ratio), market power (the Lerner index) and a firm's growth (as measured by sales growth and sustainable growth rate). Data of ten pharmaceutical companies listed on the Indonesia Stock Exchange covering the period of 2014–2018 were extracted from companies' annual reports. Pooled ordinary least squares regression and fixed effects were used to analyze the data.FindingsThe findings show strong and positive relationships between liquidity and sustainable growth rate with profitability as measured by return on equity (ROE), return on assets (ROA) and earning per share (EPS), except EPS for liquidity. Further, both firm size and market power show positive significant relationships with ROA but negative significant relationships with EPS. Sales growth and company efficiency (as measured by assets turnover ratio) have no significant relationship with profitability.Research limitations/implicationsDue to data availability, the data include only listed pharmaceutical companies in the Indonesia Stock Exchange.Practical implicationsThese results benefit internal users (such as managers, shareholders and employees). They can realize the determinants of enhancing the profitability of their company after the implementation of universal health coverage from the Indonesian government (JKN – Jaminan Kesehatan Nasional) since 2014. On the other side, other external users (such as investors, creditors, newly established pharmaceutical companies and tax authorities) also may get advantages of these results. It is clear that a significant impact happened upon this new policy implementation, and how an Indonesian pharmaceutical company will be profitable in the future. The relevance of company's business strategy (product and customer portfolio, competitor intelligence, etc.) with the profitability factors from this study can be further scrutinized as further consideration for both internal and external users.Originality/valueThis study differs from previous studies in many ways; first, it focuses on pharmaceutical companies in Indonesia. Previous studies have concentrated on different countries and companies in other sectors, such as services, banking and financial institutions or on industrial organizations. Second, this study analyzes the data from pharmaceutical companies' annual reports since 2014. There was a significant event of universal health coverage (national health insurance) implementation from the Indonesian government. Third, the study used ROE, ROA and EPS as indicators of profitability. Last but not least, the results of the study provide empirical evidence that firms with significant market power, good liquidity and well-managed sustainable growth rate improve operating income and ultimately enhance profitability.

Enabling Warp Speed Using the Hypervelocity Innovation Model: A Blue Print for Drug Development in Pandemics.

Pharmaceutical R&D is organized around prioritized investments, delivering on assets with the greatest return of investments Linear sequencing of trials and financial risks are determinants of speed in an enterprise There is less flexibility in leveraging expertise around priorities that are thrust on the system by external forces This commentary provides an insight into enabling warp speed using a hypervelocity mindset for mobilizing resources and scientific creativity, for accelerated timelines in response to pandemics

Changing in sync with societal preferences: LEGO masters strategic alliances

Purpose Changes in societal preferences can have a significant impact on the business strategy of companies. This paper aims to illustrate the utility of strategic alliances in channelizing societal preferences. Design/methodology/approach LEGO and its many strategic alliances are carefully examined to illustrate the need for considering strategic alliances from a societal preference perspective. LEGO’s strategic alliances are juxtaposed with two major societal trends of the past few decades, environmental movement and multiple efforts toward greater inclusivity. Findings The following important lessons are elaborated for helping business organizations pursuing strategic alliances: long-term orientation should not become an excuse for complacency, need for alignment of organizations within the strategic alliance, strategic alliances should be viewed as a bidirectional channel for influence and attending to internal transformations is crucial for success. Originality/value This paper deviates from the traditional treatment of strategic alliances as a business arrangement that only drives financial performance but instead provides insights into how strategic alliances can be connected to changing societal preferences. It also challenges the received wisdom in the academic literature on strategic alliance, which is dominated by some very restrictive theoretical perspectives.

Analysis of Human Capital in Talent Management Program, Training and Development to Improve Employee Competence Case Study in BSG Group

The purpose of this research was to understand human capital analysis to talent management program, training and development to improvement employees competency. It was a qualitative research with an case study method conduct at BSG Group (6 companies) in 2019. The data were collected through participant observation using interview, observation, document study, and recording. The data analysis to understand management program was run with the company to make strategic changes to improve employees competency approach to human capital, including: (1) talent management, (2) training and development, using balance scorecard as measurement quality. The findings lead to the recommendation to make change talent management program, training and development to enhancement employees competency in linking the company's business strategy that can create an increase job productivity and company profits in accordance with the intended purpose the support and commitment of top management and empower to all employees synergistically.

Corporate Social Performance: An Assessment Model on an Emerging Market

This paper investigates the priorities governing large companies in an emerging market regarding corporate social performance (CSP). The authors propose profile patterns of responsible managerial behavior and a framework for evaluating CSP relying on stakeholder theory. The study relies on a statistical analysis which is designed to examine the significance of corporate social responsibility (CSR) practice as it emerges from company business strategies. Taking the form of an empirical study involving 87 managers, this work relies on the cluster analysis theory, identifying six behavioral patterns when considering CSR practices: “lethargic”, “compliant, “pragmatist”, “auditor”, “formalist”, and “performer”. The cluster typology indicates the complexity of CSR practices and highlights the role of CSR in company strategy development. The proposed assessment model is intended to empower CSP diagnosis, while supporting management towards achieving sustainable growth.

Information System Strategic Planning for M Group


 
 
 
 M Group is a company engaged in the field of pharmacy, eye health and food. Along with the rapid growth of the company there are problems of how to make use the Information Technology department as optimal as possible and how to build a blue print of it strategy in handling a variety of issues and programs or initiatives to support the company's business strategy? This study aims to produce a strategic plan for information technology M Group. The research method used is John Ward and Joe Peppard’s framework for strategic planning of information technology and Scott A. Bernard’s Enterprise Architecture documentation. This study uses SWOT analysis, IT Balance Scorecard and Cost Benefit Analysis as a strategic tool to analyze the needs of Information System on M Group. After conducting the analysis then the Information System(IS) strategic planning is propose for M Group for next years (2020), which includes business strategies IS, IS / IT Management Strategy, Information System(IS) strategy and future application portfolio. The result of analysis and proposed strategies on M Group documented using the Enterprise Architecture Documentation.
 
 
 

Choice model based analysis of consumer preference for drone delivery service

It is anticipated that drones will soon be utilized for a range of applications, including delivery service. However, there has been a lack of research on consumer preference between drone delivery service and traditional delivery service. This is the first study to analyze the consumer preference for drone delivery based on a discrete choice model between the drone delivery service and traditional delivery services by truck or motorcycle. The discrete choice model is estimated using a stated preference survey, and potential consumers’ preference is analyzed for representative commodities with different price. The results show that the price and type of commodities influence consumer preference, which also depends on socio-demographic characteristics such as gender, age, and household income. Specifically, it was consistently observed in all cases that the younger the age, the higher the preference for drone delivery service. This study contributes to predicting the consumer preference for drone delivery service before real service offerings and to supporting the establishment of business strategies for companies who prepare for the new market of drone-based delivery.

ANALISIS STRATEGI PENGEMBANGAN BISNIS PT PERUSAHAAN GAS NEGARA (Studi pada PGN Sales Area Semarang)

The use of gas for the domestic sector especially in Java island, is the largest consumer center in Indonesia. Natural gas providers face the main challenge of providing adequate supplies to meet the increasing demand. The BUMN company that sells and distributes its products in the form of natural gas in Central Java is the PGN Semarang sales area. As a company engaged in the service sector, a good strategy is needed so that the company can carry out all operational activities more efficient and effective.This study aims to analyze the National Gas Company business strategy (study at the Semarang PGN sales area). The type of research is qualitative descriptive analysis. The data collection technique by interviewing interviewees and direct observation. The number of speakers is 4 speakers, who are Head area and employees of the Semarang PGN sales area who are also the strategists. The results showed that the strategy developed by PGN Sales Area Semarang was the result of a SWOT Analysis based on alternative strategis. The implementation of the strategy implemented and obtained from the SWOT results has been effective because it is in accordance with the vision, the availability of HR (Human Resources), facilities and infrastructure that support PGN. Although there are several obstacles in implementing its strategy, PGN Sales Area Semarang is committed to continue to improve the implementation of its strategy in the distribution of natural gas in Semarang.Suggestions for this research are the addition of CNG fleet in meeting natural gas needs, increase distribution of gas sales due to gas supply continuity, increase and improve the size for the effectiveness of strategy implementation, socializing the use of BBG to the public, provide excellent service to customers, doing routine monitoring and evaluation related to ths implementation of PGN's business development strategy.

PENGARUH TEKNOLOGI INFORMASI, KOMPETENSI DAN PELATIHAN KERJA TERHADAP KINERJA KARYAWAN CV GEMA TAMA DI SIDOARJO

In the current era, every company must be able to make changes in the field of existing technology, so that later able to provide opportunities to improve the competitive advantage, further to support the company's business strategy, strive To establish the competency of human resources tailored to the areas in which they are handled, and in addition the training that is attended by employees will also affect the performance of an employee. All three are needed by one company CV. Gema Tama, which is a Distributor in the field of distributors, dealers and suppliers for laboratory needs. This research aims to know and analyze information and competency technology and simultaneous and partial work training on the employee performance of CV. Gema Tama. The phases of the study began from literary studies derived from the study of literature obtained from books, the Internet, and research that had been conducted previously. Followed by identification of questionnaire variables. After obtaining the questionnaire variables followed by designing a questionnaire. Data retrieval is conducted through questionnaires with saturated sample techniques and direct observation in the field. The results of field observations are explained through descriptive analysis, while data obtained from questionnaires is used to determine the influence of information technology, compensation, and job training on employee performance using Multiple linear regression analyses. In multiple regression analyses conducted several trials include: validity test, reliability test, classical assumption test, T test and test F. The results of the study are information technology, competence, and work training simultaneously positively influence and And able to explain the problems examined by researchers. So all the variables in this study have a positive and significant influence on employee performance

РАНЖУВАННЯ РОБОТОДАВЦІВ СФЕРИ IT ТА ТЕЛЕКОМУНІКАЦІЙ ЗА ОЗНАКАМИ ВПІЗНАВАНОСТІ БРЕНДУ

The article presents the results of a national survey. The employers in the field of IT and telecommunications were ranked according to the recognizability of the brands. Emphasis is placed on the fact that for Ukrainian enterprises the employer brand is a relatively new tool for building the company’s attractiveness in the labour market, so there is a need to study the job-seekers market and analyze employers approaches to developing employer brand strategy as an important component of enterprise management strategy. We analyzed the dynamics of quantitative and structural changes in the process of brand development of the employer of TOP companies in the field of IT and telecommunications. As well we identified the reasons for these changes. We proved that these reasons are formed both under the influence of economic and demographic factors, and geopolitical changes, which currently have a high degree of uncertainty in Ukraine. We proposed the key indicators for assessing the brand awareness of the employer, which include: awareness of candidates about the company as an employer; the presence of companies in social media platforms; providing opportunities for young people to get their first job; attendance at career events and working conditions. We identified the key components of the employer brand development strategy that influenced the change of these indicators. We substantiated conclusions on the need to improve the methods and tools of formation and implementation of the employer’s brand development strategy. The study showed that today the development of employer brand management has reached such a level of importance that it becomes an integral part of the business strategy of successful companies. The presented data show the state and trends of the IT and telecommunications market in Ukraine. Respondents’ preferences outline the paradigm of consumer thinking that identifies the company as an employer in the market. Such studies should be systemic and conducted at least once a year. Such a perspective would allow us to quickly diagnose changes in consumer sentiment and the threat of new competitors in the labour market. Ukrainian companies are invited to constantly work on improving these indicators as part of the employer’s brand strategy, which affects the attractiveness, preservation, and improvement of the company’s image.

Pharmaceutical Business Competition in Indonesia: A Review

The pharmaceutical industry scored a profit year on year (yoy) at a pandemic period of 10.3% while other companies were confirmed to be losing money. With the advancement of the times and the advancement of technology it is expected that pharmaceutical companies will survive to serve their consumers. product diversity strategies, managing the effectiveness of sales and marketing activities, and transforming the utilization of digital technology, are carried out so that pharmaceutical companies can serve business consumers to their businesses; i.e. pharmacies and drugstores; then pharmacies and drugstores can serve consumers eventually. In this paper, researchers used a qualitative approach to literature study methods. Where researchers collect writings or articles, books and all forms of sources related to research objects. The data is processed and analyzed to obtain a form of research results. In this paper, researchers consider the business strategies of pharmaceutical companies in Indonesia. The purpose of this research is to understand the competition of the pharmaceutical business with its marketing strategy in this era of intense competition. Changes in consumer behavior and the demand for a service more than the company usually provides, gaining momentum to create breakthrough services and products that suit consumers' wishes and are renewed. Absolute consumer satisfaction of the price that must be given by pharmaceutical companies or pharmacies in order for consumers to remain loyal to the company's products and services. Ease of technology, investment, and information become commonplace in an era of super-tight competition

ANALYSIS OF CONSIDERATIONS IN CSR ASPECT TOWARDS INCENTIVE TAX OF PT MASPION III IN SIDOARJO JAWA TIMUR (An Empirical Study of CSR at PT. Maspion III Sidoarjo)

CSR has developed into part of the company's business strategy, mainly related to the functions of marketing, public relations, and investment-decision making (Subagyo, 2018). PT. Maspion III in CSR activities has developed into a part of the company's business strategy. in the taxation aspect at PT. Maspion III is one of the important factors that is considered by an organization in designing its CSR program to produce CSR programs that can add business value as well as tax favorable. Whereas on the other hand Maspion III spent funds for its CSR program based on Act Number 36 of 2008 which has regulated the treatment of Income Taxes on expenses or costs incurred in the context of Corporate Social Responsibility (CSR). Provisions regarding this matter are regulated in Article 6 paragraph (1) letters I, j, k, l, and m, in which it is stressed that the amount of taxable income for permanent establishment of permanent establishment), which in fact is reduced in Article 1 PP 93 of the year 2010, for the expenditure of Corporate Social Responsibility (CSR) which can be deducted by a certain%. While for PT. Maspion III for its CSR Program exceeds the provisions of 5%. Therefore, to be able to produce CSR programs that can produce business value programs as well as tax favorable, it is better if the taxpayer considers the taxation aspects when designing his CSR program.
 Keywords: CSR Aspect Considerations, CSR Tax Incentives, CSR draft, Law

Strategic Planning for Systems & Information Technology of XYZ Hospital Using Ward and Peppard Method

XYZ Hospital is one of the busiest private hospitals in Badung, Bali which has implemented systems and information technology handled by its IT division staff. However, the implementation of systems and information technology has not been equipped with strategic planning so that it has not been directed and aligned with the company's business strategy, only based on demand. The impacts of there's no strategic planning systems and information technology is the companies are difficult to invest appropriately based on system requirements and information technology that can support the company's business strategy. Increasing the competitive advantage of utilizing systems and information technology still not optimal because the development of IS / IT lack directional and appropriate. Therefore, to overcome the problems, in this research is making strategic planning of systems and information technology of XYZ hospital, which carried out with Ward and Peppard method which serves to produce an IS /IT strategic plan that can help the company to run their process business more effectively as well as add its business value. The analysis techniques used are Value Chain, PEST, Porter 's Five Forces, SWOT, BSC, CSF, gap analysis and Mc Farlan's Strategic Grid. From the results of the analysis of the current condition of the company shows that XYZ Hospital is in the position of quadrant 1 which indicates the company should be focused on an aggressive strategy where reduce weaknesses and avoid threats to get maximum benefit. The recommendations for future application portfolios obtained are three applications in the high potential quadrant, one application in the strategic quadrant and two applications in the key operational quadrant. The results of this study aim to provide an overview to management in making decisions relating to investment, implementation and management policies of IS / IT that can support the company's vision and mission

Business Strategy of Chemical Company Using SWOT and Business Model Canvas Approach

Chemical business in water treatment has a potential growth in the future. Currently, PT A is a chemical company who leads market share in Indonesia compared to other competitors. Within next ten years, PT A should keep this level of competitiveness and improve the level of market share. Therefore, indispensable to analyze the business strategy in order to be ready to face upcoming competitiveness and opportunities. Analysis of strategy is conducted by SWOT approach. From this SWOT analysis, Internal Factor Evaluation (IFE) and External Factor Evaluation (EFE) matrix then took place to review this SWOT result. Furthermore, Business Model Canvas method is used to discuss more detail in every single block. During using Business Model Canvas, company representative is invited in Focus Group Discussion. Business Model Canvas is selected in this research due to it has comprehensive analysis about the nine variable that company running the business. From this research, it is known that company place at quadrant I of SWOT diagram. IFE and EFE score is 3.54 and 2.40, respectively. This score plots at zone IV, which means Grow and Build, in IFE-EFE matrix. These result then become an input for BMC mapping. Improvement of BMC then recommended for key resources, key partnership, key activities dan channels. Strategy generated from this research then will be a recommendation to the management. Besides, this research also become a motivation for the researcher because so far there is no particular strategy development for water treatment business in power plant based on academic point of view

Industry Structure in Developing Company's Long-Term Business Strategy

Strategic controlling has become an imperative in business planning and determining company's long-term goals. Companies use different managerial tools in their planning process in order to determine possible threats and opportunities in their business environment. The goal of the paper is to present a case study of one pharmaceutical Croatian company using the model INDUSTRUCT, which is utilized for analysing industrial environment, which is, develop based on the Porter's five forces model. Although recent research results show that companies in Croatia use more often operational tools in their business rather than strategic tools this model shows the simplicity of its use and easiness of analyse. Focus of the research is highly competitive rivalry in pharmaceutical industry characterized with the big threats from supplier, buyers, substitutes, as well as newcomers. In such highly competitive industry, companies must constantly rethink their strategies and use tools that will help them detect threats and opportunities hiding in their environment.

Analysis of Defect and Quality Improvement for O Ring Product Through Applying DMAIC Methodology

To control the quality of a product to meet standards, a reliable measurable technique is needed with the company's business strategy. This research raises case studies identifying quality problems and effective ways of improvement of O Ring products using DMAIC (Define-Measures-Analyse-Improve-Control) quality control methods. Company X found the problem in the form of an average O Ring product defect ratio reaching 1.50% (the company's target is 1.30%). DMAIC is a systematic methodology that focuses on the key factors that control the performance of a process, set it at the best level and keep it at that level. Statistical tools combined with quality principles are applied to each of the DMAIC phases. In the define phase, flowcharts, critical to quality trees, and voice of customer lists are used which produce five types of defects in curing process. In the measure phase, the sigma value combined with pareto diagram are used and shows that the current sigma value is 4,178 with the biggest defect is flow-mark for the O Ring type ZZ00000123. In phase analysis, the root causes of the problem are searched using the why-why analysis and cause-effect diagrams and finds out that the causes are un-sticky rubber tip and unstandardized rubber cutting length. In the improve phase, DOE-based experiments are conducted to get the ideal rubber tip and cutting length conditions. Finally, the work standard is revised in the control phase and monitored by check sheets and control charts. The result of this DMAIC implementation was the O Ring products defect dropped to 0.83% and the sigma value rose to 4,363.Keywords: quality, DMAIC, O Ring, defect, sigma, standard