Companies In Various Industries Research Articles

Model of areas for identifying risks influencing the compliance of technological processes and products

Operation of every company is associated with the risk of interfering with proper performance of its fundamental processes. This risk is associated with various internal areas of the company, as well as the environment in which it operates. From the point of view of ensuring compliance of the course of specific technological processes and, consequently, product conformity with requirements, it is important to identify these threats and eliminate or reduce the risk of their occurrence. The purpose of this article is to present a model of areas of identifying risk affecting the compliance of processes and products, which is based on multiregional targeted monitoring of typical places of interference and risk management methods. The model is based on the verification of risk analyses carried out in small and medium-sized manufacturing companies in various industries..

Green Marketing: A Tool for Sustainable Development

Green revolutions, going green, environmental protection, sustainable life style, sustainable development, protecting our earth and many more have become a natural phenomenon in our everyday life. Green marketing is a tool used by many companies in various industries to follow this trend. This concept has enabled for the re-marketing and packaging of existing products which already adhere to such guidelines. Additionally, the development of green marketing has opened the door of opportunity for companies to co brand their products into separate line, lauding the green-friendliness of some while ignoring that of others. This paper mainly focuses on the concept, need, importance & strategy of green marketing in India. Researcher also examines the present scenario of green marketing and reasons that organizations are adopting green marketing as a tool for sustainable development. Data has to be collected from multiple sources of evidence to understand the importance of green and sustainability management, in addition to books, journals, websites, and news papers. The paper analyses whether the manufacturers are cognizant about green products and eco-labeling, and also the difficulties in implementing green marketing. A guideline is given to the Indian manufacturers for producing green marketing products.

EVALUATION OF INFORMATION TECHNOLOGY MANAGEMENT ROLES IN SALES FOOD INDUSTRIES CASE STUDY FOOD COMPANIES KHORASAN RAZAVI

http://dx.doi.org/10.5902/2179460X19442While many quality products should be only a short time in the market such as, and must give way to the final product tastes, preferences and needs of customers are compatible. Neglect or failure to timely delivery to our customers' requests may be too expensive. These conditions have caused the issue is important information for manufacturing organizations. The purpose of this study was to investigate new methods of information technology, sales of food industry in Iran, with manufacturing units of Khorasan, as a major hub for food production in the country. A questionnaire was developed for this study. Application information technology management by studying four parameters affecting the sale: Official Website, Internet sales of electronic business, Internet advertising and social networking As well as customer relationship management, field tested and evaluated. The results of field research 50 companies in various industries, including: Milk and dairy products, Beverages, Canning and juice, Meat and meat products, Cereal and flour products, Fermentation industry, Additives and spices the target population has been concluded. The results show that if Management of information technology (IT) as a principle and right of sale system used food factories Makes it easy to customer order, reduce the costs of marketing and advertising, and increasing the efficiency of product produced.

The Russian Models Specifics for Human Capital Management at the Times of Crisis

The purpose of the study is the specificity estimation of a Russian company’s human capital management and the investment models choice explanation in human capital at times of crisis.By analyzing data obtained from more than a hundred of Russian companies in various industries the authors solve the problem of identifying regularities of choosing a model of human capital management. The study found out that Russian companies are focused on using optimization model of human capital management.The empirical analysis also showed that businesses are more likely to invest in other kinds of resources. The authors explain the primacy use of the optimization model for human capital management in Russia with the influence of factors such as the features of human capital as a resource; evolution of the Russian labor market and educational market. The practical significance of the study is the possibility of its use for the purpose of forecasting benefits of investment in human capital.

Z-Score for Bankruptcy Forecasting of the Companies Producing Building Materials

The article is dedicated to developing of methodological basis for the probability of enterprises’ bankruptcyforecasting. The authors have identified the reasons of the existing bankruptcy forecasting models failure, thenecessity of models developing for companies in various industries on the basis of the existing instruments. As aresult of the multivariate discriminate analysis we offer Z-scores based on the average annual rates of change andtaking into account the peculiarities of the industry companies. The model is developed for companiesspecializing in the production of building materials, it has a high level of productivity - 90.4%.

Comparison of Corporate Product Market Competition in Different Industries

The present study aimed to compare corporate product market competition in different industries. For this purpose, the data relevant to 67 companies from 2005 to 2013 was analyzed in a comparative study. Analysis of variance was used to test the research hypotheses. The results showed that Herfindahl- Hirschman Index was identical in different industries. In addition, the results of Tukey test on the first sub hypotheses showed significant differences between various industries. Tukey test results indicated that the studied companies in various industries can be classified into four homogenous categories in terms of Herfindahl- Hirschman Index. Therefore, the hypothesis claiming a significant difference in Herfindahl- Hirschman Index between different industries cannot be rejected. The results of analysis of variance on the second sub-hypothesis showed that Lerner Index was not identical in different industries. Moreover, the Tukey test results on significant differences between various industries indicated that the studied companies in various industries can be classified into four homogenous categories in terms of Lerner Index. Therefore, the hypothesis claiming significant differences in Lerner index between various industries cannot be rejected. Keywords: Corporate Product Market, Competition, Different Industries.

BPM for supporting customer relationship and profit decision

Purpose – As a response to increasing global market competition, companies in various industries tend to identify and manage customer relationship to increase profit performance. Companies commit more resources to identify their VIP customers and retain them by all means. The purpose of this paper is to develop a customer relationship management (CRM) business process management (BPM) model to identify airline customers with different degree of relationship and profit potential, and select the highly profitable customers for developing retention strategy and processes, and convert the less profitable into profitable corporate accounts. Design/methodology/approach – This study innovatively apply the well-known techniques including CRM and relationship marketing models, fuzzy analytic hierarchy process (FAHP), and technique for order preference by similarity to ideal solution (TOPSIS) in the BPM research. This novel approach analyzes longer term customer profit and value potential, and prioritizes corporate accounts as the basis for setting appropriate customer service levels and improving the CRM process. This hybrid model is able to capitalize on the benefits of these methods and offset their deficiencies. Most importantly, it can be customized to various industries without complex modification. Findings – This study uses data of an airline company to validate feasibility of the proposed CRM BPM model. The results indicate that this model is able to classify the customers based on various criteria and sub-criteria, thus allowing companies to introduce appropriate service levels to deal with different categories of customers, and improve CRM process so as to maximize customer profit and value potential. Practical implications – This CRM BPM model and analysis provide managers extensive customer knowledge, more analytical and fact-based decision-making support, and a stronger focus on return on investment in sales and marketing. Knowing the profit and value potential generated by individual corporate customer makes it easier to establish the link between the CRM and the profit outcome. This model also benefits the organization and its stakeholders by allocating more resources to the targeted customer relationships that are profitable or valuable, and makes marketing more accountable in its marketing programs. Originality/value – This study makes the first move to innovatively apply the well-known techniques including CRM and relationship marketing models, FAHP, and TOPSIS in the BPM research.

Green marketing initiatives to build eco-friendly environment

Green revolutions, going green, environmental protection, sustainable life style, sustainable development, protecting our earth and many more have become a natural phenomenon in our everyday life. Green marketing is a tool used by many companies in various industries to follow this trend. This concept has enabled the re-marketing and packaging of existing products which already adhere to such guidelines. Additionally, the development of green marketing has opened the door of opportunity for companies to co brand their products into separate line, lauding the green-friendliness of some while ignoring that of others. This paper focuses on the concept, need, importance & strategy of green marketing in India. It also examines the present scenario of green marketing and reasons that organizations are adopting green marketing as a tool for sustainable development. Data is collected from multiple sources of evidence to understand the importance of green and sustainability management. The paper analyses whether the manufacturers are cognizant about green products and eco-labeling, and also the difficulties in implementing green marketing. A guideline is given to the Indian manufacturers for producing green marketing products.

Social media and customer behavior analytics for personalized customer engagements

Companies in various industries, including travel, hospitality, and retail, increasingly focus on improving customer relationships and customer loyalty. In this paper, we propose a new systems architecture that combines the textual content in social media messages with product information, such as the descriptions summarized in catalogs, in order to provide marketing campaign recommendations. Companies commonly build user profiles based on purchase histories and other customer-specific information; however, when dealing with social media, we often cannot match the social media users with the customers. In this regard, we address the problem of targeting individual social media messages for which no personalized profile information can be retrieved. Our solution combines two disparate computational toolboxes for text analytics—natural language processing and machine learning—in order to select social media users for whom to target with topic-specific advertisements. Natural language processing is used to analyze the context of social media messages, and machine learning is used to analyze product information, with the goal being to match social media messages to products and ranking potential advertisements. To demonstrate the framework, we detail a real-world application in the travel and tourism industry using Twitter® as the social media platform.

Green Marketing In India: Emerging Opportunities And Challenges

Environmental issues have gained importance in business as well as in public life throughout the world. As society becomes more concerned with the natural environment, businesses have begun to modify their behavior in an attempt to address society's new concerns. Some businesses have been quick to accept concepts like environmental management systems and waste minimization Eco-friendly products, and have integrated environmental issues into all organizational activities. Green marketing is a phenomenon which has developed particular important in the modern market and has emerged as an important concept in India as in other parts of the developing and developed world, and is seen as an important strategy of facilitating sustainable development. Green marketing is a tool used by many companies in various industries to follow this trend. The development of green marketing has opened the door of opportunity for companies to co-brand their products into separate line, lauding the green-friendliness of some while ignoring that of others. The paper identifies the three particular segments of green consumers and explores the challenges and opportunities businesses have with green marketing. The paper also examines the present trends of green marketing in India and describes the reason why companies are adopting it and future of green marketing and concludes that green marketing is something that will continuously grow in both practice and demand. It also focuses some of the problems with green marketing.

Inventory configurations and drivers: An international study of assembling industries

In recent decades, inventory reduction has been a key objective of companies in various industries and is particularly important in the current crisis. Inventory is closely related to a company's production system and supply chain and a one-way strategy towards zero-inventory can be inapplicable or too general. As a matter of fact, there is a complex relationship between inventory types (input, WIP and output) and the factors causing or affecting them. On the basis of three editions of a survey in different assembly industries (IMSS) carried out in 2001, 2005 and 2009, we demonstrate in this paper that the actual configurations that companies adopt, as well as the factors behind the chosen configurations, are stable and consistent over time, in terms of the levels of each type of inventory. We also show that not all of the companies are stuck in a configuration; with the right measures, they can reduce the stock of inventory and become more competitive.

MERGER & ACQUISITION TRENDS OF NEW EON

The current paper sprinkles light on various aspects of merger and acquisition especially in new millennium. In Today’s on-going state of affairs, cut-throat supremacy has become the buzzword for private sectors around the world. Merger and acquisition (M&A) is the most effective ways to hasten the implementation of plan to grow swiftly. Merger and acquisition (M&A) are the most imperative need for a business to survive in the current global economy. Companies in various industries have pompous at lightning speed. The effect of automation and the cyberspace has not only increased the progress and size of deals, but also helped many buyers of same strategies in creating long durable stakeholder value and take benefits of the collaboration that the conjoined firms will knock together by having their own specific objectives. M&A can have far encompassing footprint on the enterprise inhabitants, the companies and the hired hand, financier and end-users.

Complementor involvement in product development

PurposeThe involvement of lead‐users in product development has been emphasised as a rewarding method for companies in various industries to strengthen their development efforts. The argument is that these leading edge customers can generate innovative and appealing new product concepts. In some industries, however, companies may not be able to make use of lead‐users. In such situations, a complementor may be a valuable alternative. Complementors may be defined as development partners “whose outputs or functions increase the value” of the company's own innovations. The purpose of this article is to compare and contrast the advantages obtainable from the lead‐user method and complementor involvement respectively in order to determine the interchangeable value from these different approaches.Design/methodology/approachA typical case is selected as the empirical foundation, describing a Danish food‐producing company's collaboration with a complementor.FindingsThe case analysis shows that complementor involvement may lead to output‐related, process‐related, and system‐related advantages comparable with advantages obtainable from the lead‐user method. The findings, however, reveal some variations in these advantages. Compared with the goals set by the Danish food‐manufacturing company, output‐related advantages are achieved, e.g. in terms of higher product novelty, whereas the company's goal for enhancing its market position is not reached. Several process‐related advantages are also accomplished in terms of enhanced internal collaboration and improved cross‐functional communication. However, the company faces challenges related to how close the complementor relation might become.Research limitations/implicationsThis research is based on a single case study in the food industry in Denmark.Originality/valueFrom this paper, new knowledge and insight into complementor involvement in product development as well as the related advantages and disadvantages can be derived. In academia, this knowledge contributes to deepening understanding of external partnering in product development in general. The managerial implications to be derived are associated with the potential value generated from complementor involvement in product development.

Critical Success Factors in Russian R&D Projects in the Real Economy

The article discusses the concept of "success" in relation to innovative business and its performance. The quantity of innovative projects that can consistently overcome the stages of the innovation process to achieve the desired result is defined. The author presents the results of empirical research of successful and unsuccessful projects of leading Russian innovative companies in various industries, identifies key factors of successful development of new industrial products.

A QFD‐, concurrent engineering‐, and target costing‐based methodology for ODM companies to formulate RFQs

PurposeThe problem that original design manufacturing (ODM) companies encounter with the request for quotation (RFQ) process is that there is no effective and efficient methodology for them to formulate accurate and profitable RFQs. The purpose of this paper is to present a quality function deployment (QFD)‐, concurrent engineering (CE)‐, and target costing‐based methodology for ODM companies to formulate accurate and profitable RFQs.Design/methodology/approachFrom eight Taiwan electronics ODM companies, 15 people are interviewed to understand their current methods for formulating RFQs and the problems of these methods. Based on the interview results, it was decided to make use of the merits of QFD, CE, and target costing by integrating them into the proposed methodology.FindingsA case study is presented to illustrate a successful application of the proposed methodology in a case company. The case study shows integrating QFD, CE, and target costing into the proposed methodology allows the authors to effectively and efficiently formulate an accurate and profitable RFQ for the case company.Research limitations/implicationsThe interview sample quantity of this study is limited to eight Taiwan electronics companies, which is insufficient to represent all ODM companies in various industries. For the future research, it is suggested researchers collect more samples from different industries in order to verify the effectiveness of the proposed methodology in ODM companies from different industries.Originality/valueThis paper aims to integrate QFD, CE, and target costing to come up with a systematic ten‐step approach that can accurately formulate the three parts of an RFQ: the product specifications proposal, the product price quotation, and the product development schedule. By adopting this methodology, ODM companies can provide accurate and profitable RFQs to ODM customers, thus increasing their chances of obtaining ODM business.

Complementing Mass Customization Toolkits with User Communities: How Peer Input Improves Customer Self‐Design*

In this paper, the authors propose that the canonical customer–toolkit dyad in mass customization (MC) should be complemented with user communities. Many companies in various industries have begun to offer their customers the opportunity to design their own products online. The companies provide Web‐based MC toolkits that allow customers who prefer individualized products to tailor items such as sneakers, personal computers (PCs), cars, kitchens, cereals, or skis to their specific preferences. Most existing MC toolkits are based on the underlying concept of an isolated, dyadic interaction process between the individual customer and the MC toolkit. Information from external sources is not provided. As a result, most academic research on MC toolkits has focused on this dyadic perspective. The main premise of this paper is that novice MC toolkit users in particular might largely benefit from information given by other customers. Pioneering research shows that customers in the computer gaming and digital music instruments industries are willing to support each other for the sake of efficient toolkit use (e.g., how certain toolkit functions work). Expanding on their work, the present paper provides evidence that peer assistance appears also extremely useful in the two other major phases of the customer's individual self‐design process, namely, the development of an initial idea and the evaluation of a preliminary design solution. Two controlled experiments were conducted in which 191 subjects used an MC toolkit to design their own individual skis. The authors found that during the phase of developing an initial idea, having access to other users' designs as potential starting points stimulates the integration of existing solution chunks into the problem‐solving process, which indicates more systematic problem‐solving behavior. Peer customer input also turned out to have positive effects on the evaluation of preliminary design solutions. Providing other customers' opinions on interim design solutions stimulated favorable problem‐solving behavior, namely, the integration of external feedback. The use of these two problem‐solving heuristics in turn leads to an improved process outcome—that is, self‐designed products that meet the preferences of the customers more effectively (measured in terms of perceived preference fit, purchase intention, and willingness to pay). These findings have important theoretical and managerial implications.

The venture development processes of “sustainable” entrepreneurs

PurposeThe purpose of this paper is to examine the venture development processes (or “entrepreneurial processes”) of “sustainable” entrepreneurs, i.e. entrepreneurs who create and build profitable companies that also pursue environmental or social causes. The paper aims to find how these mission‐oriented entrepreneurs achieve their business objectives while serving their social and environmental causes.Design/methodology/approachThe paper identifies 21 successful sustainable entrepreneurial companies in various industries ranging from apparel to biotechnology that were exemplary in their pursuit for sustainability. The paper examined their key decisions and activities in their “entrepreneurial process”, collecting most of the relevant information from published or self‐developed case studies.FindingsThe paper finds that most of sustainable entrepreneurs are an unusual breed with limited business backgrounds. Most obtain financing from non‐conventional sources and employ unorthodox, yet sound human resource management practices. They are shrewd in their marketing strategies and effective in running efficient, environmentally sound operations. Also, they find innovative methods for balancing their financial goals against their objectives of making a difference in their environment and society.Practical implicationsThe paper's findings help demystify and provide some insights into how values‐oriented entrepreneurs and their companies can simultaneously meet economic, social and/or environmental objectives.Originality/valueThis paper is one of the few studies that examine the business practices of for‐profit, sustainability‐oriented entrepreneurs. It is also one of the few formal studies that identify commonalities among a relatively large and diverse sample of companies. Most important, this research suggests practical guidelines for aspiring entrepreneurs to follow as they build their sustainable business ventures.

Can organizational change be planned and controlled? Evidence from Russian companies

This study explores limits of applicability of a planned change approach in Russian companies. The data on change management programmes in 59 Russian companies of various industries, regions and sizes was gathered with the help of questionnaires filled by management consultants. The study found that resulted changes often did not coincide with initial plans of change agents. Two groups of organizational elements were identified: ‘uncontrollable’ (those elements that changed outside of the planned change) and ‘unmanageable’ (those elements that did not change despite forming part of the planned change). The findings also indicate that the efficiency of the change programme was unaffected by whether the change programme plans were executed or not. The results suggest that the applicability of a planned change approach is dependent upon the organizational elements at which change interventions are targeted and that change content has to be incorporated into contingency models of change.

Enterprise Resource Planning implementation at Small and Medium Sized Enterprises: an initial study of the Greek market

The research reported in this article is part of a larger project involving Enterprise Resource Planning (ERP) adoption in Greece aiming at the investigation of the criteria that affect actual implementation. A structured questionnaire has been developed based on a combination of two frameworks: the first one is an extension proposed to the Markus and Tanis model, and the second one is based on a previously developed methodology (the six imperatives) for ERP evaluation, selection, and implementation. The paper discusses the frameworks, methodology, and preliminary findings from 40 companies of various industries. The results indicate a number of factors affecting ERP implementation and some differences in choices and activities between Small and Medium Sized Enterprises (SMEs) and larger companies concerning ERP adoption. One important finding is that many SMEs do not follow a structured methodology for ERP system implementation and they are not familiar with techniques such as business process reengineering and change management.

Online support for commerce processes and survivability of web retailers

Understanding the significance of various online processes in establishing and sustaining electronic commerce (EC) is a key concern for retailers and business in general. This paper replicates and extends the Basu and Muylle [Decision Support Systems 34 (2003)] study examining the extent to which companies in various industries are supporting online processes through their retail Web sites. Using the framework of an Electronic Commerce Architecture (ECA), the same set of commercial Web sites is analyzed in order to determine how the online support for commerce processes in each industry and each type of industry has evolved. In addition, the impact of Web retailers' extent of Web technology adoption and electronic commerce practices on survivability is investigated.