Business World Research Articles

The era of the “golden workers” and the collective bargaining challenges for the age management in companies

The ageing of the population is a fact, and also a worldwide social concern. There are two underlying problems in the business world that must be connected: On one hand, the need for older people to remain in the labour market and, on the other hand, the prejudices that exist in the business world in relation to older people. The plans known as generational diversity plans are essential for keeping older people in the labour market but, taking into account previous experiences, these plans should be developed in the field of the collective bargaining, preferably in a mandatory manner, which is not currently the case.

Digitalization, Sustainability, and Internationalization Nexus: Insights from Portuguese Entrepreneurs

The convergence of digitalization, sustainability, and internationalization represents a fundamental paradigm shift in today’s world of global business. This paper delves into the intricate relationship among these three pillars and their transformative impact on businesses, economies, and societies worldwide. Digitalization, characterized by the adoption of digital technologies, serves as a catalyst for internationalization, breaking down traditional barriers and fostering seamless connectivity across borders. Concurrently, the imperative of sustainability compels organizations to operate with consideration for environmental, social, and economic factors. Bearing this reality in mind, the aim of this study is to investigate, from the perspective of entrepreneurs of internationalized Portuguese companies, the factors contributing most to the importance they attach to digitalization in inducing internationalization. Using statistical methods of regression analysis (linear and logistic multivariate regression), the study seeks to identify the complex interactions between digitalization strategies and international expansion efforts. The results shed light on the critical role that digitalization plays in supporting internationalization goals and furthering sustainability objectives, stating that there is a strong connection between the importance of digitalization partnerships, counselling, and access to the new technologies and resources. Additionally, budget constraints may pose challenges for companies prioritizing digitalization efforts.

REVIEW OF FUNDING PROCEDURES ON PT FIFGROUP CILEGON BRANCH

Purpose - In the world of trade in goods and services, the types of transactions that are commonly carried out are payment by cash or credit. PT. Federal International Finance is one of the actors in the business world engaged in business Honda motorcycle credit sales financing. Total financing is dominated by credit. This is done primarily in addition to attracting as many buyers as possible also to make it easier for consumers to manage cash Design/methodology/approach - Financing credit sales of Honda motorcycles to PT. FIFGROUP uses a system and credit financing procedures. The purpose of this study is (1) to analyze the effectiveness of procedures for providing credit funds to customers at PT. FIFGROUP Cilegon Branch (2) To analyze the customer's bad credit control system PT. FIFGROUP Celeron Branch Finding - Observations were made on the results of this study shows In analyzing the feasibility of granting credit to consumers, besides using 5C analysis the company also uses five parameters feasibility in analyzing whether or not the prospective debtor is financed credit, this proves that the company has carried out the process credit approval in accordance with procedures established by the company. Appropriate division of tasks and segregation of functions is control internal company which is one way to minimize risk uncollectible accounts receivable. Keywords: procedures, assessment procedures Automotive.

Development of The Automotive Technology Vocational Education Curriculum Based on Current Needs of The Automotive Industry

This research aims to: 1) Analyze the competencies needed by the current automotive industry in the Automotive Industry, 2) Analyze the implications of the automotive industry's needs for the automotive technology vocational education curriculum, and 3) Analyze the supporting and inhibiting factors of the partnership program for the automotive technology vocational education study program. The subjects of this research were 5 practitioners consisting of: Service Manager, Instructor, Service Advisor, and Mechanic from the Business and Industrial World (DUDI) in the automotive sector in the Special Region of Yogyakarta. This research is a qualitative descriptive study. Data collection techniques in this research used observation, documentation and interview methods. The research instrument was validated through expert judgment. The data analysis technique uses qualitative descriptive analysis with the triangulation method to obtain data validity. The research results show that: 1) the competencies required by the current automotive industry for undergraduate graduates include technical competency and managerial competency; 2) The need for technical and managerial competency demands that curriculum study materials be adapted to industry needs; 3) Supporting factors for the partnership program include: complete industrial facilities and infrastructure and adequate human resources (HR). The inhibiting factors for the partnership program are: the absence of an MoU between agencies and difficulties in preparing schedules.

Mengukur Efektivitas Corporate Social Responsibility (CSR) dalam Menciptakan Nilai Perusahaan pada Industri Tekstil di Indonesia

Corporate Social Responsibility (CSR) has become a hot topic in the business world today. However, there is still debate regarding the influence of CSR on company value. Textile companies are a sector that has a big impact on the environment and surrounding communities. Therefore, social responsibility is a very important issue for textile companies. The aim of this research is to determine the influence of CSR on company value in textile companies listed on the Indonesia Stock Exchange for the 2018-2022 period. This research method uses descriptive and quantitative research methods. The population in this study were 14 textile companies. Researchers used the purposive sampling method for sampling. Data analysis and hypothesis testing using SPSS version 26. An investor is expected to be able to consider everything when making an investment, including how the company manages funds, especially investor funds, to generate maximum profits. As well as how the company expresses its social responsibility both to society and the environment regarding the impact of its operational activities. So that the natural environment and everything in it can still be maintained and used sustainably.

Maintaining Debtors' Rights in Cessie Actions Through Implementing the Principle of Transparency

Cessie agreements, wherein creditors transfer rights to receivables to another party, are commonplace in the business world. However, under certain circumstances, a cessie agreement can be rendered null and void, leading to legal consequences for the parties involved. This research aims to analyze the legal protection afforded to debtors in the absence of notification regarding cessie actions, particularly in light of the principle of transparency for debtors. The normative legal research employed utilizes a statutory and doctrinal approach. This study found that a cessie agreement executed unilaterally, without the debtor's notification and approval, contravenes the nature of a cessie as stipulated in Article 613 Paragraph (2) of the Civil Code. A cessie agreement requires the approval of all parties involved. Consequently, the failure to fulfill the fourth condition (i.e., an act that contravenes public order and morality) of Article 1320 of the Civil Code renders the cessie agreement null and void. As a result, the receivables remain and cannot be written off, but the original creditor is prohibited from transferring them to new creditors. Debtors should pay close attention to credit agreements with banks, particularly clauses concerning the transfer of receivables via cessie, which must be approved by all parties. Moreover, debtors must understand the legal provisions regarding the submission of lawsuits for unlawful acts if the original and/or new creditors act arbitrarily and cause losses.

The Labor Market Integration of Women Having Suffered Gender Violence: Some Critical Questions.

The integration of women victims of gender-based violence (WVGBV) in the labor market is key to women's autonomy and empowerment. After pursuing some personal stability in different domains (emotional, physical, relational, etc.), these women require a further step toward recovery, which is often related to financial independence and, therefore, to their integration in the labor market. In this article, we describe the results of a study that focused on the actions aimed at integrating WVGBV into the labor market in the region of Andalusia (Spain). Based on a qualitative methodology, we collected the narratives and perspectives of the different actors involved in these processes (public administrations, nongovernmental organizations, the business world, and the WVGBV). The results revealed a series of deficiencies in social intervention methodologies that can sometimes lead to greater social exclusion. In conclusion, we believe that more participatory methodologies in their design, incorporating the views of woman themselves, are necessary.

The Use of Information Technology in SMEs: Advantages and Main Challenges

Abstract From the beginning of the 20th century, a lot of research has been conducted on how SMEs contribute to the development of innovative activities and vice versa, on how new technologies and innovation have the potential to influence small and medium-sized enterprises (SMEs). Nowadays, given the highly competitive and dynamic business environment, SMEs are constantly and actively trying to find ways to keep up with the latest developments, which is not always an easy task. Digital technologies and innovation in business administration and other related fields are key attributes that can be seen as essential elements in the field of entrepreneurship. Thus, digitization has become a crucial factor in the business world, and its impact on SMEs cannot be neglected. Nonetheless, company size, capital and resources seem to limit SMEs’ ability to adopt digital technologies. However, countless studies argue that a smaller firm size allows SMEs to be more flexible to change. Therefore, both digital progress and innovation have become highly relevant tools for businesses to improve their performance, reduce their costs and increase their efficiency, and are seen as key factors for competitiveness, development and economic growth. With this paper we understand how Romania, with its expanding economy and support for entrepreneurs, has the potential to be a relevant player in the digital economy, although its current ranking on the level of digitization and innovation is considerably lower than the EU average.

Implementation of a "Best Self" Exercise to Decrease Imposter Phenomenon in Residents.

Background Imposter phenomenon (IP) is common in medicine. An intervention from the business world, the Reflected Best Self Exercise (RBSE), in which an individual elicits stories of themselves at their best, has not been studied in medical residents. Objective To determine the feasibility of implementing the RBSE and its potential for reducing IP in residents. Methods All incoming internal medicine and medicine-pediatrics interns in the 2022-2023 academic year at a single institution were invited to complete the RBSE. Participants elicited stories from contacts prior to beginning residency and received their stories during intern orientation in a 1-hour session led by one author with no prior training. Cost and time requirements were assessed. IP was measured via the Clance Impostor Phenomenon Scale (CIPS) at baseline, 1 month, and 6 months following the RBSE. Informal feedback on the RBSE was collected via surveys at 1 month and 6 months. Results Nineteen of 35 interns (54.3%) completed the RBSE. It cost $75 per participant, for a total cost of $1,425. Twenty-eight of 35 (80%) completed the baseline CIPS, with scores similar between participants and nonparticipants (64.9 vs 68.9). CIPS scores were lower in participants at 1 month (57.6 vs 69.6) and 6 months (55.6 vs 64.5) but did not meet statistical significance. Survey feedback from participants suggested the intervention was beneficial. Conclusions Implementing the RBSE in residents was feasible with reasonable cost and time commitment. It appeared highly acceptable to residents, with some promise of effects on an IP scale.

Developing the Potential of Women Foodpreneur by Using the Skill Will Matrix: A Case Study of Dapur Mawar Program

Small and medium-scale entrepreneurs mainly consist of women. Women's small businesses in developing communities can drive the economy for generations. To succeed in the business world, women entrepreneurs need to have high skills and knowledge. Entrepreneurship training and skills are essential, especially for potential entrepreneurs who want to develop and expand a business. Thus, it is essential to identify and evaluate existing and foreseeable skills and abilities. Entrepreneurial skills can be learned, formed, and mastered by an individual through the entrepreneurial education process or experience. The Dapur Mawar project aims to provide training and education for women foodprenuers. Before the training module's implementation, the trainers employed a skill-will matrix to examine the willingness and skills of trainees. This study uses a semi-structured interview method. Twenty-three women foodprenuers have been selected as key informants using purposive sampling. Deductive content analysis for analyzing qualitative data was employed to quantify the frequency of keywords. Pre-existing quadrants are applied to the data through a deductive approach. The findings revealed that critical informants could be categorized into two categories: 1) an entrepreneur with high skill and high motivation and 2) an entrepreneur with low skill and high motivation. The result of the analysis is used to prepare the Dapur Mawar program. The implications of the study and future research suggestions are also justified.

TRACING THE MAGNITUDE OF PUBLICATION ON CORPORATE SOCIAL RESPONSIBILITY 2010-2023: A BIBLIOMETRICS ANALYSIS

Purpose- This study is designed to examine the bibliometrics analysis of existing studies with VOSviewer to provide a perspective to researchers who will work on corporate social responsibility. The objective of this study to investigates current trend in this area of research, what the related concepts are that affect CSR and to investigate the literature in this context. Methodology- The current research study was selected in the span of 2010 to 2023 and the total number of research papers published during this period was 235. Findings- The results of analysis determine that first study dealing with CSR theme was published in 1991. Afterwards, another study was published in 2003, 2006, 2008,2009,2010,2012,2013,11 studies were published in 2015 and 14 studies in 2016. After 2022 number of studies increased, 24 countries are represented in this research topic. It is observed that the prominent countries are China (29), Spain (23), United States (23), and Malaysia (19). In keyword analysis, the keywords that appeared most were Corporate social responsibility (total link strength 237) Financial performance (total link strength 166) Economic and social effect (total link strength 124). Conclusion- The study indicates that CSR has become a buzzword in the business world. Companies are not only expected to be profitable but also to be ethical and socially conscious. When a company integrates CSR into their business operation both social and financial target becomes easier and resulting in better financial performance.

Stopping Speed in Response to Auditory and Visual Stop Signals Depends on Go Signal Modality.

Past research has found that the speed of the action cancellation process is influenced by the sensory modality of the environmental change that triggers it. However, the effect on selective stopping processes (where participants must cancel only one component of a multicomponent movement) remains unknown, despite these complex movements often being required as we navigate our busy modern world. Thirty healthy adults (mean age = 31.1 years, SD = 10.5) completed five response-selective stop signal tasks featuring different combinations of "go signal" modality (the environmental change baring an imperative to initiate movement; auditory or visual) and "stop signal" modality (the environmental change indicating that action cancellation is required: auditory, visual, or audiovisual). EMG recordings of effector muscles allowed detailed comparison of the characteristics of voluntary action and cancellation between tasks. Behavioral and physiological measures of stopping speed demonstrated that the modality of the go signal influenced how quickly participants cancelled movement in response to the stop signal: Stopping was faster in two cross-modal experimental conditions (auditory go - visual stop; visual go - auditory stop), than in two conditions using the same modality for both signals. A separate condition testing for multisensory facilitation revealed that stopping was fastest when the stop signal consisted of a combined audiovisual stimulus, compared with all other go-stop stimulus combinations. These findings provide novel evidence regarding the role of attentional networks in action cancellation and suggest modality-specific cognitive resources influence the latency of the stopping process.

HUMANE APPROACH IN TEACHING ENGLISH

At present, the process of integration is rapidly intensifying, states are closely interacting with each other, thus the process of integration in the business and cultural world is taking place. The global problems of all mankind are solved through the unification of nations. These are such problems as the protection of peace and ensuring the stability of each state, the solution of global environmental and economic problems, as well as the development of the country inside and outside its borders. And a tool to solve such problems is a well-established interethnic and intercultural communication. Historically, Kazakhstan has been called a "bridge between East and West" and a "crossroads of civilizations." Kazakhstan is home to representatives of 130 nationalities and 46 religions. Therefore, the ideas of humane pedagogy, based on eternal universal values, are embedded in the national consciousness of Kazakhstanis. As the great Abai said: "Love all people as brothers." Therefore, it is necessary to study the world and national heritage of humane pedagogy and introduce the spiritual and moral ideas of humanism into the theory and practice of the modern pedagogical space of Kazakhstan. [1]. This article examines the main possibilities of applying a humane approach to the study of foreign languages in secondary schools and presents the results of a study to identify ways to humanize educational activities.

The Impact of Cloud Systems on Enhancing Organizational Performance through Innovative Business Models in the Digitalization Era

Abstract Information technology has massively transformed the world of business over the past fifty years - first individual functional areas within companies (“first wave”), later increasingly also cross-divisional value-added processes and trade (“second wave”), advent of the internet and the World Wide Web marked a transformative shift in how information is accessed, shared, and distributed (“third wave”), mobile computing and smartphone (“fourth wave”) and cloud computing that has emerged as a paradigm for delivering computing resources and services over the internet on-demand, providing scalability, flexibility, and cost-effectiveness (“fifth wave”). This paper investigates the transformative impact of cloud systems on increasing organizational performance through innovative business models in the age of digitalization. By employing a mixed methods approach, the study integrates qualitative and quantitative techniques to provide a comprehensive understanding of the research phenomenon.

SOCIAL MEDIA INTEGRATION WITH CUSTOMER PORTAL

Abstract : Customer relationship management, abbreviated as CRM, is a concept used in marketing that focuses on the customers’ needs and satisfaction to improve the company’sperformance. In the business world today, technology has changed traditional procedures due to theemergence of the internet and social media channels. It is clear that customers are the only source of current and future profits for the company thus,developing systems that are customer-centered is the new norm in the business world.Traditional CRM uses internal strategies that help understand customer needs, while Social CRM uses social media platforms to manage their customers. Integrating social media andCRM has helped companies improve customer interactions and offers ways of managingand measuring social networking for successful customer engagement. This paper aims toreview various studies touching on the impacts of social media CRM on large Corporationsin the UK. IndexTerms – Social media, customer relationship management (CRM), social customer relationship management (SCRM), social media platforms.

Strategi Corporate Social Responsibility dan Modal Intelektual: Pengaruhnya terhadap Nilai Perusahaan dan Kinerja Keuangan

The development of the modern business world requires companies to not only focus on achieving financial profits, but also to make positive contributions to society and the surrounding environment. This research aims to investigate the influence of Corporate Social Responsibility and Intellectual Capital strategies on company value and financial performance. Thus, this research aims to provide a better understanding of the importance of this strategy in the context of corporate management. This research was carried out using an associative approach and followed the steps of quantitative research work. The data analysis process was carried out using a panel data linear regression test. The results of the analysis show that effective implementation of CSR strategies and good management of Intellectual Capital have a positive influence on company value and financial performance. This indicates that companies that prioritize these aspects tend to experience improvements in their competitiveness and financial performance.

What HR Issues and Challenges are Addressed by Contemporary HR Professionals and Line Managers? A Survey Evidence from the Czech Republic

Abstract Research purpose. Succeeding in a changing business world means being familiar with emerging business trends, including issues and challenges related to human resources (HR). The paper investigates HR issues and challenges addressed by HR professionals and line managers of businesses in the Czech Republic. The investigation aims to uncover which HR issues are faced most often and which HR challenges are expected in the coming years to identify existing and potential HR issues and challenges that businesses should deal with to meet their needs. Design / Methodology / Approach. The investigation is founded on the reanalysis of data from the 2023 HR survey carried out by the Grafton Recruitment Czech Republic staffing agency at the end of 2022. The original data were provided by the co-author representing the staffing agency. The reanalysis was used to utilize the original data, to evaluate responses depending on the business type (manufacturing, non-manufacturing) and size (small, medium-sized, large), and to verify hypotheses concerning realized and planned changes in the number of employees. The original online survey addressed roughly a thousand clients of the staffing agency. The responses were obtained from 478 businesses across the Czech Republic that responded to thirty questions about their HR policies and plans. The reanalysis covers eight questions about their HR roles, issues, and challenges. The original data were not modified. To verify hypotheses, a non-parametric chi-square test of independence for a contingency table was used. To evaluate the degree of dependence between variables, a contingency coefficient was used. Findings. The surveyed businesses most often face HR issues of employee resourcing. The HR challenges they expect in the coming years concern the development of the employer brand, the introduction of digital and AI technologies, or the introduction of innovative organizational arrangements to hire suitable employees or replace the missing employees. The findings revealed a dependence between realized and planned changes in the number of employees. The realized increase and decrease in the number of employees referred to the planned increase and decrease in the number of employees. The findings revealed no significant differences in responses depending on the type (manufacturing and non-manufacturing) and size (small, medium-sized, and large) of businesses. Originality / Value / Practical implications. The findings bring original perspectives on existing and potential HR issues and challenges addressed by surveyed businesses in the Czech Republic. The findings contribute to the present theory and practice of employee resourcing by confirming the value of HR professionals and line managers in addressing staffing issues. The findings can be applied in the design of HR service delivery systems in different businesses by highlighting HR issues and challenges that businesses should focus on.

IS SUSTAINABLE COMPETITIVE ADVANTAGE ANTEDILUVIAN?

This article aims to understand the contemporary relevance of the sustainable competitive advantage (SCA) concept in strategic management. Mainstream management and business training perpetuates the use of SCA despite indications that it is elusive. This study intends to elucidate how, in the 4th Industrial Revolution (4IR) world, SCA has become irrelevant, what the possible reasons are for its continued use and what alternatives can be explored for business success. The study followed an exploratory, constructivist grounded theory approach. Data were obtained from 27 semi-structured interviews to develop a grounded theory. Findings revealed four main themes, and pronounce that in a complex, interconnected business world, SCA is mostly obsolete, which demands an organisation to adapt its strategy, business model and culture to create value, be relevant, have a significant (positive) impact and contribute to the common good. The main implication of the study is therefore that SCA should no longer be promoted as a key concept for organisational success by management and academia. Alternatives to SCA, such as agility and complexity management, are more relevant in an interconnected 4IR business environment. The study enhances the body of knowledge by bolstering the critique on the continued use of SCA in contemporary business management. It furthermore highlights potential erroneous assumptions through a direct explanation of why SCA assumptions are antiquated.

Analyzing the Use of Ethos, Pathos, and Logos in Professional Communication

Effective communication is paramount in the professional business world, serving as a crucial tool to bridge gaps and foster collaboration in workplace settings. The standard measurement of an organization's success lies in the professionalism of its communication, ensuring a seamless conveyance of messages to constituents. Daily interactions are influenced by numerous individual, institutional, and societal factors, which may complicate what might initially seem like a natural and straightforward process. The inability to communicate in a professional manner, both verbally and in writing, can lead to breakdowns in communication among colleagues. This qualitative research aims to explore the practical application of Aristotle's ethos, pathos, and logos in writing within the workplace, with the objective of enhancing professional communication in the 21st century. The focus is on the reliance on persuasive email writing to elaborate on how these three rhetorical appeals are employed in professional communication. The study will delve into various situational factors, including audience characteristics, the type of communication, and the organizational culture, and their influence on the application of ethos, pathos, and logos. The research also seeks to quantify the use of these rhetorical appeals across diverse forms of professional communication, such as reports and emails. A sample of fifty employees from the Klang Valley region participated in the study. Surveys were conducted, and samples of formal email writings were collected from participants who have agreed to remain anonymous, adhering to organizational requirements. The acquired data underwent a thematic analysis grounded in Aristotle's Rhetorical Theory to extract meaningful insights. This research aspires to contribute to a deeper understanding of effective professional communication, providing practical insights for the improvement of communication skills in the contemporary workplace. The thematic analysis will illuminate patterns and nuances in the application of ethos, pathos, and logos, ultimately facilitating more nuanced and impactful communication strategies.

Bankruptcy mechanism based on accumulated payoff and age promotes cooperation in coevolutionary games

When individuals or companies are unable to meet their financial obligations, they may undergo the process of bankruptcy and go out of business. At the same time, new companies may arise. In this work, we propose a coevolutionary game model incorporated with bankruptcy. In the model, each agent represents a company. Two factors, accumulated payoff and age, are taken into account to determine its bankrupt probability. We assume two possible bankrupt mechanisms, procedural bankruptcy and age-dependent bankruptcy. Through numerical simulations, we show that the bankruptcy can effectively promote cooperation. Moreover, we find the non-monotonic behavior of the cooperation level with the increase of noise intensity in procedural bankruptcy. By investigating the strategy patterns and the distributions of the bankruptcy probabilities for cooperators and defectors, we provide explanations for the promotion of cooperation and the optimization of the cooperation level. This work highlights the positive effects of bankruptcy mechanism on cooperation in the real business world.