Company Plans Research Articles

International development strategy of a fintech company: key aspects and challenges

In the conditions of globalization of the financial services and financial systems market, an urgent issue for a fintech company is the problem of forming and implementing an international development strategy, considering the most critical aspects and challenges. Specific aspects include regulatory constraints, cross-country competition, technological innovation, adaptation to local financial systems, strengthening cyber security, and building strategic partnerships. Developing an effective action plan is a crucial factor for the successful global development of a fintech company. The article examines the main aspects of the international development strategy of fintech companies and highlights the main challenges they face. It was determined that one of the most critical aspects in this context is considering the differences in regulatory acts in different countries and their impact on the strategic planning of fintech companies. Another vital aspect is technological innovation: fintech companies must not only have technological solutions but also be ready to implement new technologies, such as artificial intelligence, blockchain, etc. All this allows you to create competitive advantages and satisfy the ever-increasing demand for fast, convenient, secure financial services. It is justified that, first, companies should study the political, economic, and socio-cultural aspects of each country in which they plan to work since the presence of different regulations and cultural features can significantly affect the strategy's success. Challenges also include the need to manage cyber security. Based on a comprehensive approach, considering the peculiarities of the global financial market, the main elements of the strategy of international development of a fintech company are proposed. The main directions of this strategy are innovative technologies, flexibility in interaction with regulators, and consideration of the peculiarities of national markets. Keywords: financial technologies, fintech companies, financial services market, digital technologies, fintech services.

Day-Ahead Operational Planning for DisCos Based on Demand Response Flexibility and Volt/Var Control

Considering the integration of distributed energy resources (DER) such as distributed generation, demand response, and electric vehicles, day-ahead scheduling plays a significant role in the operation of active distribution systems. Therefore, this article proposes a comprehensive methodology for the short-term operational planning of a distribution company (DisCo), aiming to minimize the total daily operational cost. The proposed methodology integrates on-load tap changers, capacitor banks, and flexible loads participating in demand response (DR) to reduce losses and manage congestion and voltage violations, while considering the costs associated with the operation and use of controllable resources. Furthermore, to forecast PV output and load demand behind the meter at the MV/LV distribution transformer level, a short-term net load forecasting model using deep learning techniques has been incorporated. The proposed scheme is solved through an efficient two-stage strategy based on genetic algorithms and dynamic programming. Numerical results based on the modified IEEE 13-node distribution system and a typical 37-node Latin American system validate the effectiveness of the proposed methodology. The obtained results verify that, through the proposed methodology, the DisCo can effectively schedule its installations and DR to minimize the total operational cost while reducing losses and robustly managing voltage and congestion issues.

Penerapan Media Sosial Sebagai Strategi Pemasaran UMKM Telur Asin Pak Dapin di Kabupaten Karawang

The expansion of IT has altered the marketing landscape in recent years. In today's era of cutthroat corporate rivalry, a company's marketing plan is a potent tool. Businesses might collapse if they don't have a solid plan in place. The purpose of this study is to examine how UMKMPak Dapin's salted eggs have been marketed on social media in an effort to boost sales. Interviews with company leaders and analyses of relevant documents are the backbone of qualitative research methods. According to the findings, Pak Dapin's salted egg UMKM has effectively implemented a number of marketing strategies, such as developing salted egg products with the advantage of salted eggs into two flavor variants (original salted eggs and grilled salted eggs), setting prices based on market segments, using social media as promotion, and establishing cooperation with local and out-of-town partners for distribution. Products may keep their quality via structured manufacturing methods. By developing and implementing plans for each component of the UMKM marketing mix, the salted egg company Pak Dapin used social media to boost sales. This study has important repercussions for other UMKM looking to get a competitive edge and maintain development in their businesses by using social media marketing.

Dampak Kenaikan Harga BBM terhadap RBP di Kontraktor X Karena Kelangkaan BBM di Pandemik Covid-19

The Covid-19 pandemic has had a significant impact on various sectors, including the construction industry. One of the impacts is the scarcity of fuel, which causes fuel prices to rise. In this study, we examine the impact of rising fuel prices and fuel scarcity on the Company's Cost Plan (RBP) in Contractor X. The research was conducted by interviewing the owners and managers of Contractor X and collecting data from the company's financial statements which will then be analyzed using quantitative analysis methods. The results of the study show that the increase in fuel prices and fuel shortages have an impact on increasing production costs and impacting the company's profit margins. Contractor X is faced with a new challenge to find the right solution in facing difficult market conditions due to the Covid-19 pandemic. The results of this research are that the increase in fuel prices due to the world's fuel shortages has a direct impact on increasing expenses or the cost of a project that will be carried out by construction in Indonesia. Price increases in the form of wages, materials, tools, preparation and completion as well as indirect costs have a negative impact on the construction sector in Indonesia because production and transportation costs are higher.

Evaluating the Effect of Electric Vehicle Charging Stations on Power Grids in Sivas Province

Due to the damage of fossil fuels to the environment, fossil fuels will finish soon, the interest in electric vehicles has increased. Determining the trend of electric/classic vehicle replacement and additional load on the transformer is vital importance for the investment plans of energy distribution companies. It presents a comprehensive method for including electric vehicle replacements in the investment planning of electric distribution companies. A new model is proposed, used to replace classical vehicles by becoming widespread of electric vehicles. The power density and transformer capacity ratio were examined using the proposed model for scenarios. Electricity consumption, line length, transformer installed power capacity, population, and the number of vehicles data for the last ten years were obtained from ÇEDAŞ and Turkish Statistical Institute. According to scenario comparisons over the 30-year planning, the J value on the grid will exceed the current value between 2029 and 2030, R-value will fall below the current value between 2031 and 2032 in the best case. It is necessary to invest in electricity distribution lines in 2029-2030 and transformer capacities in 2031-2032. The results showed the developed method could be used to determine the line and transformer capacities due to the prevalence of electric vehicles.

The Marketing Strategy of Saving and Loan Cooperatives in South Tangerang: the Use of SWOT Analysis

Marketing strategy is one of many ways to win a sustainable competitive advantage for companies that produce goods or services. Marketing strategy can be viewed as one of the foundations used in compiling a comprehensive company plan. If we perceive such phenomenon from the angle of available problems that exist in companies, it is necessary for companies to have a comprehensive planning in order to be used as a guidance to determine the segments in carrying out their activities. Another reason that shows the importance of compiling a marketing strategy is the fact that generally the competition between companies become tough and tougher these days. This study aims to determine what kind of marketing strategy is implemented in order to achieve the best results that is in accordance with company's product marketing strategy. By conducting a SWOT analysis, i.e. by calculating IFAS and EFAS; the recapitulation results obtained are S-W= a score of 1.5 and O-T = a score of 1.25, these results show that the company's strategy is in quadrant I. Based on the analysis of internal strategic factors that can be seen in SWOT analysis diagram, the position of the saving and loan cooperatives is in quadrant 1 which shows the implementation of SO strategy in the SWOT matrix, namely the aggressive strategy. Aggressive strategy is a strategy that is implemented by using all strengths of the companies in order to take further opportunities. This strategy is a very profitable strategy because it has some opportunities and strengths so that it can be used for the advancement of the Saving and Loan Cooperatives in South Tangerang

Some aspects of theoretical approaches to problematization of human capital measurement: expenditures or investments

Human capital includes the characteristics of individuals who are active participants in the labor market. A different approach considers human capital at the level of companies (or other business units) as a set of professional abilities and characteristics of employees. At the individual level, any actions that increase the value of human capital are personal investments of an individual, while the costs of companies in professional development, formation and development of new skills and competencies of employees in the scientific literature are considered as costs and as investments. The difference in approaches is due to the time context: if a company plans to use human capital in the short term, then the payback period for investments in its increase is too small. However, if we are talking about the long-term use of human capital, then such a period covers the costs of its development and ensures an increase in profits from its use. Therefore, for companies striving for sustainable development and long-term competitiveness, human capital is a factor of production and an object of investment.

Financial Planning Strategy of "Container Villa Rental Company in the Mountains" in Indonesia

The development of the tourism industry in Indonesia has presented new business opportunities, including in the field of container villa rental in mountainous areas. This business promises attractive potential, but is also faced with various challenges related to proper financial planning. This research aims to analyze and understand the financial planning strategies adopted by container villa rental companies in Indonesia's mountainous regions. This research uses a qualitative approach with a case study method. The data in this study was collected through in-depth interviews with relevant parties in the container villa rental company, including financial management and other decision makers. In addition, data is also collected through document studies, namely financial reports, budgets, and company business plans. The collected data will be analyzed with a qualitative approach. The results show that financial planning for container villa rental companies in the mountains in Indonesia needs to be done systematically and structured. Financial planning in villa container rental companies in the mountains includes financial goals and objectives, financial planning elements, financial projections, investment feasibility analysis, and financial performance analysis.

A Framework to Forecast Electricity Consumption of Meters using Automated Ranking and Data Preprocessing

Forecasting electricity consumption is crucial for the operation planning of distribution companies and suppliers and for the success of deregulated electricity markets as a whole. Distribution companies often need consumption forecasting for meters to better plan operations and demand fulfillment. Although it is easier to forecast the aggregated demand for a region, meter based demand forecasting brings challenging issues such as non-uniform usage and uncertain customer consumption patterns. The stochastic nature of the demand for electricity, along with parameters such as temperature, humidity, and work habits, eventually causes deviations from the expected demand. In this paper, real meter data from a regional distribution company is used to cluster the customer using their non-uniform usage and automated ranking mechanism is proposed to select the best method to forecast the consumption. The proposed end-to-end methodology includes data processing, missing value detection and filling, abnormal value detection, and mass reading for meters and is applied to regional data for the period 2017-2018 and provides a powerful tool to forecasts the demand in hourly and daily horizons using only the past demand data. Besides proposing effective methodologies for data preprocessing, 10 different regression methods, 7 regressors, 5 machine learning methods that include LSTM and Ar-net models are used to forecast the meter based consumption. The hourly forecasting errors in the demand, in the Mean Absolute Percentage Error (MAPE) norm, are less than 4% for most customer groups. The meter based forecast is then aggregated to reach a final demand which is then used for operation and demand planning. The proposed framework can be considered reliable and practical in the circumstances needed to make demand and operation decisions.

Making An Online Catalog for the New Target Market of Kuala Batakan Cottage III Balikpapan

Kuala Batakan Cottage III Balikpapan is a company that sells services such as houses and furnished apartments. The problem is that sales keep decreasing during the pandemic because the main target market is gone. However, the company plans to refocus the target market, especially during the pandemic. The solution is to refocus the target market to the local people of Balikpapan. The approach of the solution is by making an online catalog which later will be shared in the Facebook Community in Balikpapan city. The online catalog which includes eye-catching photos and the description will be shared in the form of a link. The catalog was created according to the survey from the current potential customers. Therefore, by having an online catalog shared on Facebook, Kuala Batakan Cottage III Balikpapan will be able to refocus its new target market.

Improving the composting process of a treatment facility via an Industry 4.0 monitoring and control solution: Performance and economic feasibility assessment

The European Union has set ambitious targets for recycling and landfill disposal of urban waste by 2025 and 2035, respectively. Composting is considered one way to achieve these goals. This paper focuses on a case study of a compost industrial treatment facility to identify potential and economically feasible improvements for the process and the factory. Through a thorough analysis of the facility and its production process, a plant section suitable for reengineering intervention has been identified. A technological solution based on Industry 4.0 is proposed to facilitate the monitoring and control of the bio-oxidation phase. An economic and feasibility analysis of this investment has been carried out over a ten-year lifecycle, comparing it with the company's business plan. A hybrid simulation model has been implemented to simulate and evaluate the reengineered plant, revealing that the bio-oxidation phase can be shortened to an average of six days. This result suggests that the adoption of smart technologies to control these types of processes are desirable and should become a standard. The social and economic effects of this investment were also analyzed to evaluate how to reduce the fares keeping the investment still valuable for the community and the private entrepreneurs.

The independent and moderating role of choice of non-financial reporting format on forecast accuracy and ESG disclosure

Over the last two decades, the non-financial disclosure requirement has become a major concern for companies, consumers, governments, and policymakers. While compelling evidence has accumulated over time on the positive effect that moving away from disclosing non-financial information within mandatory financial statements, conflicting findings have emerged on the relative merits that choice of non-financial reporting format, in particular between sustainability and integrated reporting, can have on analysts' forecast accuracy. In addition, recent evidence from a non-voluntary setting has suggested that such choice could influence the effect of ESG disclosure and consequently reduce information asymmetry. Aiming to shed some light on these propositions within a voluntary setting, we conducted an empirical study focusing on a representative sample of listed European companies. We retrieved and analysed the last ten years (2012–2021) of publicly available financial information about the top 600 companies listed in the Eurostoxx. Our findings indicate that both a sustainability and an integrated report are significantly associated with improved forecast accuracy, relative to an annual report. We also find that ESG disclosure is significantly moderated by such choice. The environmental pillar score was found to strongly and positively affect forecast error, independently from other controls including the social and governance pillars. For companies opting to disclose non-financial information within an annual report, alternative forms of communication will therefore become critical to ensure that financial analysts, and ultimately investors, are informed about the company's sustainability-related activities and plans. Future research should be directed at examining the magnitude and direction of these effects among small and medium-size listed companies and in other decision-making settings to test the generalisability of these findings.

Viable System Model for Managing Organizational Transformation: A Case Study on Korean Food-Services System

Purpose: In this article, the Viable System Model (VSM) is introduced and used as systems approach for managing organizational transformation at the Korean company. It aims to utilize strategic change management for understanding the nature of organizational transformation from systemic perspectives. Design/methodology/approach: Systems study using the VSM carries out regarding systemic understanding of the strategic change management of the system-in-focus within the organization. Semi-structured interviews were selected to elicit the history, decision-making process about the company's objectives, strategic plans and operation of the food-services system within the company. Findings: The Viable System Diagnosis (VSD) helps to design an effective food-services system to make this system viable in rapidly changing markets. It sets out the autonomous units of food-services system which has the necessary functions of operation, regulation and coordination, operational control, intelligence and policy that should be present in the organization. This helps initiate and facilitate the strategic change management of the company through providing the ability to respond environmental changes to the company in advance. Research limitations/implications: In this research, focus was on exploring the complex nature of strategic change management in how VSD helps design an effective food-services system to make this system viable in turbulent situations. This research can be justified only if the VSM approach is associated with its interpretivist paradigm, referred as soft systemic thinking. Originality/value: The VSM is introduc ed and applied in an effort to manage organizational transformation of the Korean food-services system in association with strategic management. The value of research was to explore the complex nature of organizational transformation using Espejo and Reyes' notion of the archetypes. It was able to demonstrate it through a case study on Korean food-services system as it shows the nature of the self-organizing whole.

Effect of anti-obesity agent HSG4112 on overweight and obese patients following 12 weeks of oral treatment: a study protocol for a randomised, double-blind, placebo-controlled, parallel-group, phase 2a clinical trial.

Glaceum Inc. has proposed HSG4112, a structural analogue of glabridin, as a novel anti-obesity compound. Animal studies and phase I human trials have shown that HSG4112 improves energy consumption, normalises weight, and is safe and drug-resistant. Based on these results, the company plans to conduct a phase 2a clinical trial to determine the safety and efficacy of HSG4112 in overweight and obese patients. A 16-week randomised, double-blind, placebo-controlled, parallel-group trial will be conducted at five large hospitals in South Korea to assess the safety and efficacy of HSG4112 in overweight and obese patients. Participants who meet the inclusion/exclusion criteria will be assigned a subject number and randomly assigned to one of the four treatment groups (one group receiving a placebo) in a 1:1:1:1 ratio. The study's primary outcome will be to monitor the change in body weight (kg) from baseline to the end of treatment while monitoring safety and tolerability. This trial will evaluate the efficacy and safety of HSG4112 in overweight and obese adults. Upon proving the safety and effectiveness of the newly developed mechanism, it might significantly improve the perception of the product among medical personnel and obese patients. Furthermore, it may aid in managing chronic conditions that require long-term treatment. Trial registration: ClinicalTrials.gov, identifier [NCT05197556].

Pedagogy of learning: a praxis of industrial safety

This research analyzes the teaching-learning process of the industrial safety training of the Basic Platform Safety Course, developed by the training company Sampling Planning and Industrial Safety Advisory. The course is compulsory for offshore activities in the oil and gas industry in Brazil. When dealing with safety at sea, it is important to start from the premise that navigation imposes an associated danger, derived from the fact that it develops in an environment not conducive to human life, therefore, this theme is of extreme importance. The objective of the research is to evaluate how the learning pedagogy is related to the safety praxis in the offshore work environment. The type of research was based on a case study developed through observation and on-site interview questionnaires. As a data collection instrument, we used document analysis from theoretical tests, practical exercise sheets, grade maps, frequency controls and evaluation questionnaire, provided from the institution. Consolidated data demonstrate that the selected target audience knows and applies industrial safety standards and that the concepts acquired during the course are important in preventing accident risks. It is concluded that education is characterized by being an instrument of theoretical-practical association through information that can intervene in the reality and promote changes in everyday attitudes, leading to new practices for the construction of citizenship.

The Strategy Formulation of CV. Halo Art Semesta for the Development of Kriya Wood Craft Businesses

Today, business competition is getting sharper. New businesses are required to be ready and able to enter the market, able to compete, win, excel and survive. CV. Halo Art Semesta (CV. Harts) is a new company engaged in the creative economy sector, the woodcraft sub-sector. The company is developing a new product (NPD). The objectives of this research to identify the external and internal environment, analyze the factors that influence CV. Hart development strategy and determine the formulation of new product development strategy. The number of respondents was 8 respondents who are 2 wooden craft owners, 5 from internal firm, and a business expert. The research was conducted using the key success factor analysis tool, EFE matrix and IFE matrix to analyze internal and external factors, IE matrix to see where CV. Harts position, SWOT analysis to map and provide of alternative strategies and QSPM to formulate strategic priorities. Also given an Enterprise Architecture recommendation to determine the company's long-term plan. These seven alternative strategies are used to determine strategic priorities. The two highest priority strategies are (1) turbo charge Kumiko Islamic wood craft production and make it the core business, (2) maximizing marketing performance and improving the quality of HR production. The designs of the strategic architecture are also created to determine the company's long-term plans. The strategic architectural design is to lay the foundation of NPD in the first year, production and marketing channel maximization in the second year, improve production skills and get an injection of funds in the third year and achieve goals in the fourth year. Keywords: Architecture strategy, SWOT, QSPM, NPD, wood craft

COBIT 5: EVALUATION OF IT GOVERNANCE AT BANK X

The role of information technology has become a very important part of the companies or institutions that enterprise scale. The company puts information technology as a matter that can support the company's strategic plan to achieve the target's vision, mission, and goals. For banking companies, in running the business can not be separated with the role of technology. The object of this research is the IT Division at PT. Bank X, the study uses framework COBIT 5.0. The method is uses stages of Hunton (2004), which consists of seven stages: planning, risk assessment, development of audit programs, gather evidence, form conclusions, prepare the audit opinion, and follow-up. The variables of this research is the process of manage changes and it reactions in the domain Build, Acquire, and Implement (BAI). BAI06 related to manage changes and BAI07 related to acceptance change and transition. Data collection was done by interviewing with the IT department and IT Internal Audit, distributed questionnaires to the Division of IT and IT Internal Audit, and observing documents. The interviews has done for four times and the total questionnaire prepared is 155 questions questionnaire include level one to five. Results of this research are the process BAI06 at level two (Managed) with an average score at level three at 83.46% while for BAI07 process at level three (Established) with an average score at level four at 59, 50%.

Konstruksi Klausul Tanggung Jawab Sosial Lingkungan Pada Akta Perubahan Anggaran Dasar Perseroan Terbatas Di Bidang Sumber Daya Alam

Article 74 of the Limited Partnership Act obliges entities that carry out business activities in the field and/or related to natural resources to carry out Social Responsibility for the Environment, where such obligations are estimated and accounted for as expenses of the Association, taking into account consistency and liability. The remuneration is based on the company's work plan in the annual report in the General Meeting of Shareholders, further, Article 1 paragraph (3) of the UUPT states that TJSL is the commitment of the company to participate in the sustainable economic development that is useful to improve the quality of life and the environment that is beneficial for all stakeholders. As such a commitment should the association have the desire to include the wrong clause about TJSL is one of the acts of change of the basic budget of the corporation, although in Article 15 UUPT does not regulate the existence of the component of social responsibility for the environment. The legal issue of this writing is a conflict of norms on the UUPT which states an obligation and forms a commitment, but is not a component in the basic budget of the association. The question is why the TJSL clause is important to be loaded into the act, and how the construction of such a callus, with the aim of knowing the importance and the impact of the callus if loaded in the act of change of the budget of the association. This type of research leads to normative jurisprudence, using legislative approaches, conceptual approaches through primary, skunder, and tertiary legal materials. The results of this research with the loading of the TJSL clause can provide legal certainty in the implementation of obligations, as a reminder (alarm) for the association, and created a legal order, the consequences of TJ SL either incorporated in the matter of earning profits or in a separate article against the act of change of the basic budget either through the party act (the parties) or the Act of Relaas (official report meeting)

One decade of big data for firms' competitiveness: insights and a conceptual model from bibliometrics

PurposeUsing analytics for firms' competitiveness is a vital component of a company's strategic planning and management process. In recent years, organizations have started to capitalize on the significant use of big data for analyses to gain valuable insights to improve decision-making processes. In this regard, leveraging and unleashing the potential of big data has become a significant success factor for steering firms' competitiveness, and the related literature is increasing at a very high pace. Thus, the authors propose a bibliometric study to understand the most important insights from these studies and enrich existing conceptual models.Design/methodology/approachIn this study, the authors use a bibliometric review on articles related to the use of big data for firms' competitiveness. The authors examine the contributions of research constituents (authors, institutions, countries and journals) and their structural and thematic relationships (collaborations, co-citations networks, co-word networks, thematic trends and thematic map). The most important insights are used to enrich a conceptual model.FindingsBased on the performance analysis results, the authors found that China is by far the most productive country in this research field. However, in terms of influence (by the number of citations per article), the most influential countries are the UK, Australia and the USA, respectively. Based on the science mapping analysis results, the most important findings are projected in the common phases of competitive intelligence processes and include planning and directions concepts, data collection concepts, data analysis concepts, dissemination concepts and feedback concepts. This projection is supplemented by cross-cutting themes such as digital transformation, cloud computing, privacy, data science and competition law. Three main future research directions are identified: the broadening of the scope of application fields, the specific case of managing or anticipating the consequences of pandemics or high disruptive events such as COVID-19 and the improvement of connection between firms' competitiveness and innovation practices in a big data context.Research limitations/implicationsThe findings of this study show that the most important research axis in the existing literature on big data and firms' competitiveness are mostly related to common phases of competitive intelligence processes. However, concepts in these phases are strongly related to the most important dimensions intrinsic to big data. The use of a single database (Scopus) or the selected keywords can lead to bias in this study. Therefore, to address these limitations, future studies could combine different databases (i.e. Web of Science and Scopus) or different sets of keywords.Practical implicationsThis study can provide to practitioners the most important concepts and future directions to deal with for using big data analytics to improve their competitiveness.Social implicationsThis study can help researchers or practitioners to identify potential research collaborators or identify suitable sources of publications in the context of big data for firms' competitiveness.Originality/valueThe authors propose a conceptual model related to big data and firms' competitiveness from the outputs of a bibliometric study.

The reality of leadership succession planning in the general administration of the Palestinian Electricity Distribution Company, according to Seven-star Rothwell’s model

The study aimed to analyze the reality of practicing leadership succession planning in the general management of the Palestinian Electricity Company in the southern governorates (Gaza Strip), in addition to identifying the challenges that impede the practice of succession planning and its effectiveness. This study followed the analytical descriptive method and a questionnaire as collecting tools and applied them to supervisory staff in the general management of the company by using the comprehensive survey method. A total of 102 male and female employees participated, and 93 valid questionnaires were recovered for analysis, with a recovery rate of 91.2%. The most important results showed that the general management of the company practices leadership succession planning in all its stages to a medium degree. The results also showed that there are a number of obstacles and challenges that impede the effective practice of the leadership succession planning process, such as the lack of background knowledge of successful experiences for this kind of planning and the weakness of the evaluation system associated with the succession planning process. and the lack of sufficient conviction to spread the culture of planning to successive leaderships among the management of the company. The statistical software program (SPSS V24) was used to test and analyze the data. One of the key recommendations of the study was to give more attention to the leadership succession planning process and work on addressing the challenges that reduce its effectiveness within the company.