Business Strategy In Industry Research Articles

Customer Churn Analysis Using Deep Reinforcement Learning Approach

Customer churn analysis is a critical component of business strategy in industries where retaining customers is essential for profitability and growth. This study aims to investigate the factors influencing customer churn in the telecommunications sector, utilizing a comprehensive dataset of customer interactions and demographics.

Optimising the power of core resources used in Taiwanese controlled-environment mushroom industry business strategies through strategic alliances

Abstract The present study explored the associations among the core resources, strategic alliances, and business strategies of the Taiwanese controlled-environment mushroom industry. A total of 492 responses were collected, and the results support the hypothesised alliance-mediating model. The results indicate that core resources comprise four dimensions: organisational capabilities, individual capabilities, tangible assets, and intangible assets. The mushroom industry has two major types of strategic alliance, namely cost reduction and strengthening professional alliances, and the business strategies employed in the industry involve international market entry and focusing on domestic market operations. The results indicate that international market entry is directly influenced by cost reduction alliances and tangible assets, and indirectly influenced by organisational and individual capabilities. Whether an organisation focuses on its domestic market operations is directly affected by organisational capabilities, cost reduction alliances and intangible assets, and indirectly affected by organisational and individual capabilities.

Capturing the Face of the Music Industry's Business Strategy

This research aims to Photograph the Face of Music Industry Business strategy by identifying external and internal factors that affect the music industry business model in Bali. And to find out the use of the Business Model Canvas (BMC) approach in the music industry in Bali. The method used in this research is descriptive-qualitative. The data collection used interviews and documentation. The results of the analysis show that the strengths of the music industry in running the business are quality equipment, a wide range of customers, and a diverse customer base. The weaknesses owned by the music industry in Bali are the rapid pace of audio technology, meaning that more and more people can make their own recordings with easily accessible applications. Related to the threats faced by the music industry in Bali are Affordable recording equipment and ease of use. In the development of the canvas business model from the value proposition point of view, the music industry in Bali can use remote services and advanced technology. This is done by the manager of the music industry in Bali so that it continues to exist to get through times of crisis such as the COVID pandemic.

The imperative of communication signals in boosting business strategies of the bioplastic packaging industry

AbstractDespite the rapid growth of sustainable innovations in bioplastics for packaging industries, their diffusion into established markets has so far been hampered by ambiguous and asymmetrical communication between bioplastics producers and consumers (both businesses and end consumers), particularly related to bioplastics materials and their waste disposal procedures. This study looks into the communication processes, identifies barriers and investigates business strategies that can be adopted by bioplastic packaging industries to influence consumer adoption and proper disposal behaviour of bioplastic packaging. Based on a systematic review of 68 journal articles and guided by the signalling theory, the study found that connections with various signallers at the end‐of‐life of bioplastic packaging materials are required beyond the purview of the industrial sectors utilising the packaging. The paper proposes a conceptual framework incorporating new signal constructs specific to consumer‐facing sustainable innovation. The framework extends the signalling theory to be used as part of the bioplastic packaging industry's business strategy. The paper also emphasises the importance of altering the communication mechanisms in order to boost bioplastics industrial practices, which will subsequently contribute to the reduction of the detrimental impacts of fossil‐based plastics on the environment.

The pharmaceutical industry of the world: investment in R & D in the postcovid period

In the article, the authors analyzed the activities of pharmaceutical companies in the world in the field of research and development (R & D) on the basis of international and Russian statistics. The financing of R & D in pharmaceuticals traditionally retains its decisive role in the development of both the industry as a whole and the global economy and the social sphere in the conditions of the outpacing growth of the age qualification of the world's population, which is the relevance of the article. The purpose of the article is to identify new trends in the development of investment and R&D in the pharmaceutical industry. The authors conducted quantitative and qualitative monitoring of the parameters of pharmaceutical companies' activities in the field of research and development in the last decade and identified a number of fundamentally new trends, such as the emergence of new pharmaceutical technologies, evaluation of healthcare technologies by society/the state, digitalization (including digital interaction with customers whose base is becoming more diversified), price growth on drugs and research risks, transformation of the industry's business strategies and more flexible project management due to the impact of COVID-19, including in the field of research, development and investment in the pharmaceutical industry.

Identifikasi Faktor-faktor Internal dan Eksternal Pada Usaha Keripik Singkong Industri Rumah Tangga di Desa Tulaan Kecamatan Gunung Meriah Kabupaten Aceh Singkil (Studi kasus Pada Indutri Rumah Tangga Cap Murti)

The household cassava chips industry, Cap Murti, produces cassava chips and can become the main industry in Tulaan Village, Gunung Meriah District, Aceh Singkil Regency. One of them is product development. Good product development requires proper marketing to achieve the goals and desires of the domestic industry so that Cap Murti's domestic industry can continue to grow. According to (Saparudin, 2008), the growth and development of the domestic industry in each period has an impact on increasing competition. The increasingly fierce competition tends to balance the level of profit. The purpose of this study was to determine the factors that influence the development of cassava chips business in the home industry of Cap Murti in Tulaan village, Gunung Meriah district, Aceh Singkil district. This research consists of descriptive analysis of data and analysis of strategic planning in the form of tables, charts and descriptions. Based on the results of the study, it was found that the internal factors that could affect the Cap Murti Home Industry business in the form of strength factors were as follows (taking advantage of opportunities), namely: Internal factors consisted of: 1) Availability of raw materials; 2) Products are easily absorbed by the market; 3) Products are made continuously; 4) Products are easy to produce; 5) Durable product. External factors consist of: 1) Lack of working capital; 2) Equipment is still simple; 3) Promotion is still lacking; 4) Product packaging is less attractive; 5) Limited production capacity. Meanwhile, external factors that affect Cap Murti's home industry business consist of: 1) Increasing market demand; 2) Establishment of good communication between customers and the company; 3) Cassava chips fans come from all walks of life; 4) New customers; 5) The taste of the product that has a characteristic. While the threat factors consist of: 1) The increase in the price of raw materials; 2) The emergence of competitors for similar products and other products; 3) The decline in people's purchasing power due to inflation; 4) It is difficult to get a qualified workforce because of small capital; 5) Weak in market competition due to simple technology. Cap Murti's home industry business strategy based on the results of the SWOT analysis is in quadrant I, which means aggressive strategy (SO) or using strengths and taking advantage of opportunities.

Financial Services Industry Business Strategy Formulation Public Appraisal Service Office Toto Suharto and Partners

KJPP Toto Suharto and Partners is one of the companies engaged in the financial industry that provides appraisal services. The purpose of this study is to analyze the company's internal and external conditions and formulate a business strategy in the face of intense competition. The research method used is qualitative research. Data collection techniques using interviews, surveys and questionnaires conducted on related parties within the company's internal and external. The data that has been obtained were analyzed using IFE, EFE, CPM, SWOT, IE, Grand Strategy and QSPM Matrix. The results of the IFE Matrix are 3.31 and the EFE Matrix are 2.61. The results of the SWOT, IE, Grand Strategy analysis show that the alternatives that can be applied by the company are horizontal integration strategies, market penetration strategies and product development strategies. The final result of this study concludes that the recommendation or proposal for the right business strategy for the company is obtained based on the results of data processing through the QSPM Matrix is a penetration strategy.

Porter’s Five Forces Analysis of Zanzibar’s Seaweed Industry

Aim: This study intended to analyse the Zanzibar seaweed industry’s (ZSI) profitability potential by adopting Porter’s five forces industry analysis framework. The objective was to identify factors in its structure contributing to the industry’s ongoing primary challenge of low returns.
 Methodology: The study was conducted on Zanzibar island in the United Republic of Tanzania. A case study design approach was adopted. The study’s sample consisted of seaweed farmers, exporters and officials from government institutions linked to the industry. Seaweed farmers were selected through multistage and quota sampling. Exporters were chosen based on experience, i.e. at least five years of operations and above. Government officials were selected through purposive and convenience sampling. The study utilised both primary and secondary data. A triangulation approach was adopted for data collection. Data analysis was done through thematic analysis, descriptive statistics and literature review. Results were adapted into Porter’s framework for further analysis. The threat level for each Porter’s force was determined by weighing their corresponding driving factors, and respondents rated the final results based on the perceived threat level.
 Results: The study found that the Zanzibar seaweed industry has low profitability potential. Threats emanate from the industry’s lack of entry barriers, several available cheap and high-performing substitutes, low switching costs and high bargaining power of buyers and suppliers. The government’s role in promoting the industry’s activities is almost non-existent. Similarly, the industry’s production methods were found to be still traditional. Innovative activities were found to be minimal. In terms of opportunities, the industry remains a viable economic alternative for the rural Zanzibarians due to its low capital entry requirements and short production cycles. The potential for increased income and improved health and nutrition exists if domestic markets are established. The growing global demand for carrageenan also signals the industry’s revenue and income growth potential. Similarly, the ZSI is also a source of economic gender empowerment for rural Zanzibari women.
 Conclusion: Zanzibar’s seaweed industry’s low profitability potential is a result of its structure, production system and the absent role of the Revolutionary Government of Zanzibar (RGoZ). Due to the unique nature of ZSI challenges, Porter’s generic strategies were found unsuitable. Hence, this study recommends creating a guiding industry business strategy and marketing plan to guide its activities. The industry’s customer base should also be diversified to expand buyer options and minimise risks associated with the global Rhodotypa market’s oligopolistic conditions. The creation of domestic and regional demand is also crucial. The Revolutionary Government of Zanzibar should also step in to give the necessary support, primarily through creating industry policy. Additionally, diversification of ZSI export products through establishing carrageenan extraction industries in Zanzibar is vital.

Understanding the Practices of Strategic CSR in Controversial Industry: Case of Tobacco Company in Indonesia

How do tobacco companies take responsibility for social issues under the business existence on health problems and economic issues. The research focuses on a small amount of research in corporate social responsibility (CSR) duty under Tobacco Company. Through the Sampoerna Retail Community (SRC), PT HM Sampoerna Tbk shows a different takes problem-solving of CSR on controversial issues. Through qualitative research, the data, primary data (interviews and observations) and secondary data (documentation studies), coded and analyzed using keywords derived from theory. This study found that CSR in cigarette companies is a form of controversial industrial business strategy that departs from considering business processes' internal and external conditions. The results show SRC is a way for companies to be socially responsible by articulating external conditions (outside-in) dominated by public restrictions on tobacco products and as an internal strategy (inside-out) that departs from the logic of business sustainability. SRC is a form of company compliance with several state regulations, restricting cigarette products and preventing children's access to cigarettes as an outside-in strategy. In the inside-out context, SRC is the company's strategy to ensure all consumers can reach products, collaborating with Fast Moving Consumer Goods (FMCG) companies as an alternative to the uncertainty of controversial industry conditions, and reducing CSR costs.

Modified Carroll’s pyramid of corporate social responsibility to enhance organizational performance of SMEs industry

Research questions/issuesThe study seeks to examine Carrolls’ pyramid model in small-medium enterprises (SMEs) as an effective business strategy for organizational performance enhancement in industry of developing country which is in the initial phase of Industry 4.0 advance. The Corporate social responsibility (CSR) pyramid is important tool for fostering environmentally-sustainable manufacturing by having green manufacturing processes, green supply chain management, and green products and holds that firms should engage in relevant decisions, actions, policies and practices that simultaneously fulfill all component parts: ethical, legal, economic, philanthropic and environmental. Research findings/insightsOrganizational innovation as a mediator and corporate image as a moderator were incorporated in the modified conceptual model of Carroll’s pyramid. 888 valid responses from Small medium enterprises (SMEs) professionals in Pakistan manufacturing sector were collected, and then the structural equation modeling (SEM) based multivariate and conditional process modeling approaches were employed to conduct the investigation. Results demonstrated that the dimensions of modified Carroll’s pyramid of CSR have an affirmative and positive impact on the organizational performance of industrial SMEs if they were properly addressed in their innovation strategies. The findings further concluded that organizational innovation and corporate image are the significant mediator and moderator respectively between the dimensions of Carroll’s pyramid of CSR and the organizational performance that further enhance the organization performance and productivity in terms of ethical and sustainable business development and overall bottom line in the light of industry 4.0 approach. The outcomes confirmed that the inclusion of Industry 4.0, Cleaner Production, and Circular Economy concepts in the SME sector provides a synergistic business opportunity that intent to payback towards sustainable development by improving environmental management, production efficiency, and socially sustainable development for SMEs. Theoretical/academic implicationsThis study provides empirical support for the modified Carol’s pyramid in industrial SMEs following Industry 4.0 approach. As such, it suggests new avenues of research for both the Industry 4.0 literature, as well as for the studies in CSR and organizational performance perspective. Practitioner/policy implicationsOutcomes of this study suggest the senior managers of SME in industrial sector that implementing the modified CSR model would be an innovative and competitive business strategy in industry, which can effectively improve the organizational performance in terms of ethically, ecologically, and economically through organizational innovations and allows to foster Industry 4.0 development.

The Impacts of DoD Acquisition Initiatives on Defense Industry Business Strategy

This article provides an overview of a qualitative exploratory study, which investigated the impacts of acquisition initiatives on the business strategies of a study-defned, mid-tier segment of Defense Industrial base companies through the use of semistructured interviews with defense industry leaders.

Hostage to fortune: an empirical study of the tobacco industry's business strategies since the advent of E-cigarettes

The tobacco market has been transformed by the arrival of e-cigarettes and array of alternative nicotine delivery systems (ANDS). Public health has struggled to cope with these changes and clear divisions are apparent, but less is known about the tobacco industry (TI) response. This first empirical study to examine TI and independent ANDS companies’ business strategies fills this gap. Primary data were collected through 28 elite interviews with senior/influential TI and independent stakeholders, triangulated with a documentary analysis of company reports, investor analyses, market research, and consultation responses (1022 documents). A deliberately emic analysis shows that tobacco multinationals were initially disconcerted by ANDS, but logic provided by the fiduciary imperative is enabling them to turn a potential threat into profitable opportunities. Interviewees argue market changes played to their strengths: customer links, expertise in nicotine, and enormous financial resources. This enabled portfolio diversification in which combustible and ANDS coexist; providing potential to develop robust scientific and regulatory positions and hope of retrieving corporate reputations. The principal threat for major tobacco players comes from the independent sector, which is prepared and able to satisfy bespoke consumer needs. Multinationals by contrast need to turn ANDS into a genuinely mass-market product appealing to its global customers. They are making progress. Given the continued buoyancy of the combustibles market, they have extensive resources to continue their efforts. Disruptive innovations are not unique to tobacco control. Equivalent technological solutions – with concomitant business opportunities − are emerging in obesity and alcohol fields with implications for public health.

Учёт взаимосвязи циклической динамики «внешней» и «внутренней» среды работы бизнес-организаций в современном GR-менджменте Энергетический фактор мировой политики

Within current conditions large business seeks to more actively influence processes of public state policy formulation and implementation connected with regulation of the economy and allocation of public resources. To ensure growing and systemic influence on the processes of government decision making, corporations promote economic interests by creating systems of controlled communications and relations with state bodies (SB). This field of professional activity identified as «GR» (Government Relations) is a specific type of management activity, specific cross-sectoral (cross-area) management of interactions between business companies (and other non-state actors) and the state authorities, located at the crossing of three basic sectors of governance (government, business and social (nonprofit) organizations). Professional functions on establishing and maintaining relations between business and government are conducted by GR-departments of large companies, specialized consulting firms and business associations. The complexity of those activities for business organizations proceeds from its specific location at the intersection of two environments (sectors): internal (in-house) and external (political and public) ones. This means that GR-specialist tries to consider the interests of these counterparties and identify points of intersection, where common interests can develop into business cooperation, and this may also contribute to the constructive involvement of business in shaping public policy. During such activities GR-specialist regularly faces the practical problems of frequent temporary error (“temporal asynchrony”) and low level of spatial contingency (“spatial incongruence”) between the “sectoral (environmental)” types of managerial dynamics and their autonomous rhythms and paces, special sectoral functioning and development strategies, deployed within each of these sectors (industry business strategy vs public policy area) and specific phases of the cycles of corporate and public governance, yet weakly interlinked. The authors stem from the common idea according to which a basic methodological prerequisite for the analysis, design and implementation of the effective and efficient GR-work is the development of a cycle model of the so-called “cross-sectoral” management, which would consider complex dynamics of the «internal» corporate processes as well as «external» public-management cycles.

Shifting paradigms for fashion: from total to global to smart consumer experience

AbstractEmergence of a global techno-economic system is challenging academia and the fashion industry. Consumers, the retail industry and business strategies are strategically contributing to the changing fashion paradigm, which is shifting from the Total (TCE), to Global (GCE) and to Smart Consumer Experience (SCE) concepts. The consumer experience is a pervasive value orientation that is transforming how consumers think, gain information, and make decisions about consumption activities to maximize their total experience value. Moreover, the experiences, products and services that consumers seek are being defined with a global and smart perspective that is made possible by boundary-free access to information and sourcing of products and services. Specifically, the smart consumer experience advocates consumer participation by leveraging the power of communities and networks and enabling consumers to influence retail businesses and co-create future marketspace values. This phenomenon has implications for fashion consumers and fashion retail industry business strategies since fashion is an emulated behavior.

Plastics Industry Business Strategies During Hard Times

Plastics EngineeringVolume 66, Issue 5 p. 34-37 Article Plastics Industry Business Strategies During Hard Times Where Is the Economy Now? Roger F. Jones, Roger F. Jones Franklin International LLC, Broomall, Pennsylvania, USASearch for more papers by this author Roger F. Jones, Roger F. Jones Franklin International LLC, Broomall, Pennsylvania, USASearch for more papers by this author First published: 01 May 2010 https://doi.org/10.1002/j.1941-9635.2010.tb00574.xAboutPDF ToolsExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Volume66, Issue5May 2010Pages 34-37 RelatedInformation

Long-term Internship through Cooperative Education with Regional Industries

The long term internship is one of special educational programs for graduate students of Graduate School of Engineering in University of Fukui. This is a collaborative program between university and industries where selected post-graduate students are dispatched to companies for a long term and educated in real business environments. It is the final goal of the program to develop sophisticated specialists who would be able to catch the business strategy in industries and solve any problems by themselves. The program is managed in a semester (6 months) and contains 1.5 month prior education of preliminary special knowledge, ethics and secrecy, about 3 month dispatch with long-term internship, and 1.5 month post-education for complementary education and presentation. This paper presents the effect of this program which has been evolving since 2005.

Time consideration in mass flow analysis; a contradiction?

In metals industry Mass Flow Analysis (MFA) has a long tradition. Combined with scenario calculation this method can for example be used to estimate the future development of scrap availability and metal composition. Despite the unknown inaccuracy of such calculations what regional distribution of material, lifetime or growth rates concerns highly valuable information can be generated to support the industrial business strategy. When particular products or metal applications in functional units become the scope of such calculations besides mass flow often energy consumption and emissions appear on the agenda. And, unfortunately, metals are recycled (of course only from a methodological and not from a resource point of view). At that point MFA crosses the border from being a static snapshot of an existing system towards a time depending life cycle approach. Besides volume, quality, and location time is introduced as a fourth dimension and the dilemma starts. In the past one approach was to develop depreciation models to allocate the expenditures of mining and primary metal production of Copper and Aluminium according to the recycled content. But latter is even more disputable since metal recycling cannot be treated as an alternative production route achieving the original properties and chemical composition. And, as a result of its electrochemical behavior, each metal cycle looks completely different compared to any other. Consequently the general acceptance of the existing allocation methods for recycling in life cycle models is still low. In case of Aluminium the historic primary metal production cumulates to an amount of almost 900 million tons worldwide. With the aid of recycling 75% of this material could be conserved in the current inventory in use. As this stock significantly contributes to todays and future's raw material supply the following question arises: Can metallic materials have a defined history and therewith an ecological hereditary debt, which will be reduced by further recycling cycles? If the answer would be yes, on a highly aggregated level, another more practical question would be whether such a credit should be based on the historic expenditures of primary production or better considering the future recycling potential of the inventory in use. In these cases recycling credits are either overestimated or underestimated depending on the lifetime and herewith the deviation from current End of Life recycling practices.

Review: European Energy Industry Business Strategies, Local Economies in Turmoil: The Effects of Deregulation and Globalization, Creating an Economic Development Action Plan: A Guide for Development Professionals, Elections in Britain: A Voter's Guide, Assets for the Poor: The Benefits of Spreading Asset Ownership, the Secret State: Whitehall and the Cold War, Pariah: Misfortunes of the British Kingdom

Review: European Energy Industry Business Strategies, Local Economies in Turmoil: The Effects of Deregulation and Globalization, Creating an Economic Development Action Plan: A Guide for Development Professionals, Elections in Britain: A Voter's Guide, Assets for the Poor: The Benefits of Spreading Asset Ownership, the Secret State: Whitehall and the Cold War, Pariah: Misfortunes of the British Kingdom