Choice Of Business Strategies Research Articles

Pengembangan bisnis jasa “kaluna badminton club” menggunakan business model canvas

Pengembangan bisnis jasa “kaluna badminton club” menggunakan business model canvas

MSMEs MANAGEMENT DEVELOPMENT TO ACHIEVE BUSINESS SUTAINABILITY AND ENVIRONMETAL SUSTAINABILITY: VIEWED FROM VARIOUS MANAGEMENT PESPECTIVES: MARKETING

Considering business sustainability as well as environment sustainability at post-Covid 19 era like nowadays, the objective of this community service activity is to equip many Micro Small and Medium Enterprises (MSMEs) business owners in Bantar Sari Village District Rancabungur Bogor with the necessary business strategies in the forms of tools and on hand guidance especially to tame the volatile conditions after the pandemic. Profit motive is among major aims of setting up a business, and environmental sustainability could also among other objectives, nonetheless, at the time after a crisis like the pandemic, sales thus profits can be volatile, markets could have been rebound, but inevitable many MSMEs still find difficulties to survive in dealing with effects of the multi-faceted crisis including at the current post-pandemic era. Some MSMEs can survive while many of them are forced out of their businesses. The objects of the activity are MSMEs in Bantarsari Rancabungur Bogor, West Java. Important survival kits/tools and guidance on how to deal with MSMEs businesses especially in the field of marketing theories and real on hand practices guidance to be provided at the event, apart from the provision of the module. The result expected has been delivered including the knowledge and experience on how to provide many MSMEs in the targeted area with more business and marketing management knowledge and personal confidence. The evidence from this activity shows that their business and marketing skills in dealing with the post crisis opportunities has risen, in a hope that many more of them would thrive in businesses. Having the right choice of business strategies, uniquely designed marketing programs including product innovation and e-marketing as well as personal touch services to conquer the current situations are compulsory to provide, along with the provision of a handful of practical examples.

An Analysis of the Strategies Applied to the Different Strategic Business Units of the BCG Matrix

When corporate organizations desire to improve their capacity for strategic planning of their product management, The BCG Matrix is one of the most well-known and effective strategic tools. The paper attempts to analysis the different portfolios of the BCG and the corresponding choices of business strategies, combining them with the product lifecycle theory and developing a corporate strategic plan in conjunction with the actual based on existing literature and data. The result shows that in the BCG Matrix, corporate strategies and products are closely linked, and a strong and competitive product can help a company penetrate the market rapidly in the face of fierce competition. It provides companies with a choice of business strategies on SBU (Strategic Business Units), and helps them plan and distribute their available resources through the strategies. According to the result, the strategic operating unit depends on its position in the diagram, different operational directions are determined, and the operational strategy has a different focus depending on the product stage.

Improving the efficiency of logistics providers

Currently, there is a process of redistribution of existing cargo flows, an active search is underway for alternative options for the delivery of goods, and actual logistics chains are being formed. Logistics companies in the context of existing prohibitions and restrictions are forced to find new markets. The long-term vector of cooperation from the western side is moving to the east. In these rapidly changing conditions for the functioning of the country’s economy, the importance of domestic road and rail transport is growing. Road transport is the most rapidly rebuilding in the development of new transport chains. The importance of rail transport also remains high, especially when transporting goods over long distances. Improving the efficiency of logistics providers directly depends on the choice of business strategy and the development of the company as a whole.Tools are presented to assess the effectiveness of logistics providers. Methods are proposed for performing such an analysis, allowing to draw conclusions about the required number of transport infrastructure facilities, the choice of transport mode for the full development of a given cargo flow. The result of the study was the analysis of a way to minimize the costs of logistics providers using the method of comparative analysis. This method takes into account the costs of maintaining transport infrastructure facilities, maintaining and servicing vehicles, organizing transportation, by searching for the break-even point of a logistics company.

Modeling of Strategic Alignment to Modify TOGAF Architecture Development Method Based on Business Strategy Model

Strategic alignment is generally seen as an important driver for optimizing business performance. Strategic alignment is aligning internal resource capabilities and external opportunities for superior performance. To realize the suitability of Business and IT strategies, a framework is needed, namely Enterprise Architecture (EA). One of the frameworks for EA is The Open Group Architecture Framework (TOGAF). TOGAF is a method for developing and managing the Enterprise Architecture life cycle called Architectural Development Method (ADM). This ADM integrates elements of the TOGAF standard in responding to the organization's business, and IT needs. In this paper, researchers will contribute to formulating a strategic alignment model to modify the existing strategic alignment in TOGAF ADM based on the business strategy model. In this business model strategy, there are two things: the analysis of business strategy choices and the Balanced Score Card (BSC) strategy map. Analysis of business strategy choices uses SWOT analysis as a business strategy determination based on internal and external business environment analysis. Second, the BSC strategy map is a process of mapping business strategies into the BSC strategy map, which includes four perspectives: financial, customer, internal business processes, and learning and growth perspectives. This model was tested at the Universitas Dinamika, and the results have a good alignment rate of 95%. For further research, this model can be tested in various organizations, such as universities and public and private organizations.

Business Strategy and Environmental Performance

Business strategy choices are very influential in a company’s environmental performance. Companies that choose the cost leadership strategy tend to streamline their expenses which leads to them overlooking the environmental cost. Meanwhile, differentiation strategy encourages companies to accommodate environmental costs to fulfill customers’ demands. Therefore, this research aims to examine the impacts of the strategy choices on environmental performance, which has not been focused on by previous researchers. This research’s samples are public companies that are consistently participating in the PROPER program during the 2012-2017 period. 228 company years fulfill the sample criteria. The data are processed using the GRETL application that is fit for processing the panel data. We apply two proxies to measure each strategy choice. Cost leadership is proxied with EPAS and SPPE while differentiation is measured with SGAS and SCGS. This research’s findings are, firstly, companies that choose the cost leadership strategy have lower environmental performances, and, secondly, companies with differentiation strategy have high environmental performances. However, not all proxies used to measure the cost leadership and differentiation strategies support the impacts of strategy choices on environmental responsibilities performance.

Accounting for Product Impact in the Consumer-Packaged Foods Industry

We apply the product impact measurement framework of the Impact-Weighted Accounts Initiative (IWAI) in two competitor companies within the consumer-packaged goods industry. We design a methodology that allows us to calculate monetary impact estimates on customer health, access and affordability of products and recyclability, among other factors. Our results indicate substantial differences in the impact that competitors have through their products. These differences demonstrate how impact measures reflect business strategy choices and inform decision-making on industry-specific areas, including food reformulation and product placement.

The Effect of Cultural Values on Business Strategy Choices

The strategy is important in the effort to achieve firm performance. The decision of an entrepreneur in determining the choice of strategy is often influenced by certain factors. Ethnic cultural values embraced by an entrepreneur will often be an important issue that will have an impact on the choice of their business strategy. Therefore, this study aims to examine the effect of cultural values on business strategy choices. The study was conducted using quantitative methods using primary data through a survey on micro, small and medium business entrepreneurs in Palembang city. A total of 150 questionnaires were distributed to entrepreneurs. The number of questionnaires used in this study was 107 (71%). Structural Equation Modeling (SEM) Partial Least Squares (PLS) analysis using Warp PLS version 5.0 software is used to test the hypothesis. The results of the study indicate that the cultural values embraced by entrepreneurs influence the choice of business strategies that they implement.

ФОРМИРОВАНИЕ СТРАТЕГИИ ОРГАНИЗАЦИИ ПРИ ВЫХОДЕ НА МЕЖДУНАРОДНЫЙ РЫНОК

In the article, on the basis of the study of competitive paradigms of international marketing strategies, the algorithm of formation of the strategy of the organization when entering the international market, including the study of the global marketing environment, assessing the feasibility of entering the international market, the choice and study of the target market, the study of alternative strategies, the choice of business strategy, the development and implementation of international marketing programs. The developed algorithm is innovative in modern conditions, as it allows to take into account the individual and specific features of foreign markets of goods and services, and allows you to create a competitive strategy of the organization, aimed at improving the efficiency of the organization.

The relationship among distinctive capabilities, business strategy, environment and performance: a proposed model of manufacturing SMEs in Palestine

This paper discusses a study to explore the relationship among distinctive capabilities, business strategy, environment and performance of manufacturing small and medium enterprises (SMEs) in Palestine. More specifically the study attempts to determine whether the performance of manufacturing SMEs in Palestine is associated with their choice of business strategy they adopt, their distinctive capabilities, dimensions such as administrative capabilities, production/operation capabilities, marketing capabilities, human resources capabilities, environment uncertainty and performance. The model of the study illustrates that the relationship between independent variables which are distinctive capabilities and business strategy, moderating variable which is business environment while the dependent variable is the performance. The result of this study would provide a great benefit for owner-managers, government policy makers, scholars, and educators on the concepts of distinctive capabilities, business strategy, environment and their relationship with performance in the context of manufacturing SMEs in Palestine.

The relationship among distinctive capabilities, business strategy, environment and performance: a proposed model of manufacturing SMEs in Palestine

This paper discusses a study to explore the relationship among distinctive capabilities, business strategy, environment and performance of manufacturing small and medium enterprises (SMEs) in Palestine. More specifically the study attempts to determine whether the performance of manufacturing SMEs in Palestine is associated with their choice of business strategy they adopt, their distinctive capabilities, dimensions such as administrative capabilities, production/operation capabilities, marketing capabilities, human resources capabilities, environment uncertainty and performance. The model of the study illustrates that the relationship between independent variables which are distinctive capabilities and business strategy, moderating variable which is business environment while the dependent variable is the performance. The result of this study would provide a great benefit for owner-managers, government policy makers, scholars, and educators on the concepts of distinctive capabilities, business strategy, environment and their relationship with performance in the context of manufacturing SMEs in Palestine.

Low-skilled labor markets as a constraint on business strategy choices: A theoretical approach

The characteristics of the environment in which a firm operates may be constraining a firm's choice of strategy in order to create and sustain a competitive advantage. In particular, we focus on the fact that the level of development of local human capital may be an important factor constraining the set of strategies that the firm may actually choose. Next, certain feasible strategies in a high-skilled labor market may become unfeasible in a low-skilled labor market. To illustrate this point, we propose a theoretical model in which the level of quality of a firm's product depends on effort exerted by local high-productivity workers. We show that the firm may choose to produce a low-quality product for sufficiently high costs of finding high-productivity workers and inducing them to exert effort to increase the quality of the product.

COMPETITIVENESS AND BUSINESS STRATEGIES OF SHIPPING COMPANIES

Maritime transport, transport of people and freight by sea and the activities of shipping specifically are an important factor in the development of world and national economy. This thesis presents the way in which the shipping market functions, and an analysis is given regarding the importance of maritime shipping in the development of the world market and economy. Ship businesses operate in an extremely dynamic and complex market which is powered by several competitive forces. This paper gives an outline of competitive forces and factors which enable the shipping market and have an effect on the competitiveness of the shipping businesses, all of which stems from the way how the shipping business operates on the international market. In order to subsist on the turbulent market, ship businesses use different strategical tools with the aim of evaluating the market risks, opportunities and threats according to which they shape their strategies and business politics. A further analysis of the factors which have an effect on the choice of business strategies is given, along with other strategies that companies use as to gain a better position on the market. The empirical part of this thesis analyses the business operations of the largest Croatian shipping company “Tankerska plovidba d.d.” and one of the largest companies on a global scale “Royal Dutch Shell”. Using the interview method with the management members of the shipping enterprise “Tankerska plovidba d.d.” and the analysis of financial and business reports of the company “Royal Dutch Shell”, a research has been conducted regarding the strategies which both of the companies use in the market competition, based on which a general conclusion of the dynamics and laws of the ship industry has been drawn.

Business Strategy Under Institutional Constraints: Evidence From China's Energy Efficiency Regulations

This paper links theoretical perspectives from energy efficiency economics with those observed from corporate environmental strategy to develop a framework for explaining energy efficiency strategies by firms in response to national policies and local regulations in China. The framework is refined through analytic generalization of 20 cases from four industries and four cities in Jiangsu Province, and reveals two strategies: 1) firms with moderate institutional pressure seek incremental competitiveness by adopting energy-saving technologies, which is reinforced by their informational, organizational, and financing capabilities, and facilitated by voluntary policies and industrial competition; 2) firms with survival risk or development constraints under regulation seek a position favored by local governments by replacing old plant and equipment with larger, more efficient ones and contributing to the local community. The Chinese case studies reveal a strong institutional impact on firms' choice of business strategies and particularly the positioning strategy. The identified business strategies shed additional light on the effectiveness and implications of different policy instruments for energy efficiency.

Organizational Capabilities and Profitability

The resource-based view (RBV) posits that the sustainability of a firm’s success depends upon the creation, development, and implementation of a given organization’s unique resources and capabilities. Based on this theoretical framework, this article analyzes the relationship between organizational capabilities, business strategy, and profitability in the Portuguese textile industry. The strong relationship between these variables suggests that the organizational capabilities and the choice of business strategy may be the key to increase the profitability in this study context. So, the ability of the Portuguese textile organizations to change their business strategy based on their organizational capabilities affects profitability in a number of ways. Concretely, the results of this study highlight the importance of the choice of the business strategy as a partial mediator between the organizational capabilities and the profitability, a point that is crucial to understanding the success of a given organization and how resources and capabilities contribute to the process. The article concludes with a number of managerial implications and directions for future research.

Better value chains: a matrix for competitive advantage

Purpose – The purpose of this paper is to present a new and comprehensive business strategy matrix which can be used to create competitive advantage for the value chain of every business unit of any firm. Design/methodology/approach – This paper reviews the key findings of several well-known papers within the value chain literature and then adds several new conceptual insights to step by step create a logically developed, business strategy matrix featuring four strategy choices. Findings – This paper presents the four business strategy choices of competitive value chains, based on the business strategies of innovative quality, lean cost, agile delivery and attentive service. Research limitations/implications – A future research implication of this paper is to empirically test the financial benefits for producers of custom products, of applying agile delivery as a key business strategy. Practical implications – This paper provides the senior management of each business unit of any firm, with a clear guide to defining an optimal business strategy. Social implications – This paper is intended to advance the practice of business strategy by senior management, to enhance customer value across all business units. Originality/value – This paper expands upon existing business strategy models by providing a comprehensive business strategy matrix, which can be applied to all possible business units. It does this by building upon current best practice to demonstrate that next to innovative quality, lean cost and attentive service strategies, an agile delivery strategy is required in the case of custom products.

How do Chinese multinationals perceive factors affecting the integration-responsiveness framework?

Purpose – The purpose of this paper is to clarify how Chinese multinationals perceive factors affecting the integration-responsiveness (I-R) framework. Design/methodology/approach – This study extends quantitative and conceptual studies that have clarified and assessed the underlying factors that influence multinational enterprises’ (MNEs) international business strategy choices relating to global integration and local responsiveness with the use of cross-level and in-depth interviews. Top management perceptions from nine Chinese MNEs with operations in Australia are detailed. Findings – The study obtains empirical evidence on applying the I-R framework in the context of MNEs from emerging markets. Also the hybrid factors affecting both integration and responsiveness synchronously have been confirmed by Chinese multinationals. Research limitations/implications – As a cross-sectional study, the paper focuses on senior executives’ perceptions on factors affecting the I-R framework. This analysis would be en...

Research on customer satisfaction with the quality of services provided by public utilities of the city of Belgrade

Monopoly market conditions, in which public companies used to operate ten to twenty years ago, substantially dictated the way of considering and creating business of public companies in Serbia. However, introduction of changes to the environment, such as more intensive competition and changes of needs and demands of the customers requires abandoning old orientations to business. Public companies are in position to create and offer a higher level of service quality, based on better and more intensified communication with their customers. Public enterprises are monitored by public authorities, especially in the areas of restrictions on the choice of business strategies, pricing and price restrictions, selection of suppliers and the like. On the other hand, there is a branch competition occurring, on which public companies must count. In such an environment, creating effective services should be the key strategic objective for the development of public utility companies of the city of Belgrade. Service companies should be modern service companies, able to actively participate in the market, looking upon customers - citizens as users of their services. The aim of the research is to determine the perception of value and customer satisfaction with the services provided by the public utilities of Belgrade. The results of the study indicate that respondents are not satisfied with provided services and do not have clearly defined attitudes towards key aspects of public enterprises, which are supposed to be important for positioning and improving the quality of services in the market.

Factors Influencing Choice of Business Strategies by Government Research Laboratories under Pressure to Increase External Earnings: An Exploratory Study

Concerned by the seeming lack of accountability of government research laboratories, governments the world over have adopted fiscal control measures to make them more business-like and responsive to user needs. These have typically consisted of expecting them to generate a portion of their revenues from actual users of their services. In this study we examined the strategies adopted by five government research laboratories in India in response to a policy directive that they should generate at least one third of their budget from external sources, particularly industry. The performance of these laboratories, functioning under the aegis of the Council of Scientific & Industrial Research, was studied over an eight-year period after the policy was proposed. All the laboratories studied worked in areas where they could develop product or process technologies for use by industry.The major finding of this study was that the strategies adopted by the laboratories were influenced substantially by the founding conditions, early leadership and the resultant organizational culture of the laboratory and these appeared to play a bigger role than the structure of the industry served by the laboratory or the nature of the technology involved. The main implication of this is that control measures like external earnings targets are unlikely to achieve policy objectives if they are applied across-the-board without attention to the history, culture and competencies of individual laboratories.

Perceived Factors Affecting the Integration-Responsiveness Framework: An Analysis from Chinese Multinationals Operating in Australia

This study extends quantitative and conceptual studies that have clarified and assessed the underlying factors influencing multinational corporations (MNCs) international business strategy choices relating to global integration and local responsiveness with the use of cross–level and in-depth interviews. Top management perceptions from nine Chinese MNCs (CMNCs) with operations in Australia are detailed and it is argued a contingency approach tends to prevail within firms with organisational, industrial, and environmental contingencies predominating.