Company's Business Strategy Research Articles

Improving the company's business strategy

Improving the company's business strategy

ФОРСАЙТ КАК ИНСТРУМЕНТ СТРАТЕГИЧЕСКОГО ПРОГНОЗИРОВАНИЯ И ДОЛГОСРОЧНОГО ПЛАНИРОВАНИЯ ЭКОНОМИКИ ПРЕДПРИЯТИЙ

This article discusses the concept of foresight, as well as methods of foresight research for predicting the future of organizations. The practice of applying foresight can bring a number of advantages. At the individual level, this can help analysts and researchers of an organization better understand the future complexity of the business environment by “dividing” it into structured pieces of information and transferring them to possible future states. This will allow analyzing and changing the company's current business models and strategies, making them more prepared for unexpected changes in the future business environment. But the most important advantages of foresight concern the organization as a whole, that is, foresight allows the organization to be more prepared for the future.

Under COVID-19 the Transformation of Enterprise Strategy — A Case Study of Disney

The emerge of new technology and media platforms has deeply changed the landscape of strategic business management and the global media industry. The company business strategy optimization is becoming increasingly significant in the era of the digital economy, especially amid the COVID-19 pandemic. This article will utilize SWOT analysis and financial models to develop data-driven insights and in-depth recommendations on enterprise strategy transformation based on the case study of Walt Disney. The research results show that Disney should shift from offline business lines such as parks and stores to online streaming and interactive media, which will help Disney fully take advantage of their competitive strengths of the intellectual property portfolio and distribution channels to further develop the streaming media business segment aligned with the studio department. By transforming weaknesses and threats into new growth opportunities, Walt Disney will be able to achieve further global market outreach and maximize the profitability of innovation on creative content.

ANTI-CRISIS BUSINESS MANAGEMENT IN THE DIGITAL ECONOMY

The purpose of this article is to substantiate the theoretical and methodological foundations and practical recommendations for the development of anti-crisis management tools in the digital economy based on the cost criterion and intangible factors. Practice shows that the development of artificial intelligence, big data analytics, machine learning and the development of the mobile Internet open up new opportunities for enterprises and affect the business strategies of companies. The digital transformation of the economy has led to the emergence of challenges for management, which can be divided into the following groups: change in the business economy; changing the business model of the business; changes in business value factors. We substantiated that in the conditions of digitalization there is a need to form new anti-crisis tools, taking into account the features of both new digital companies and existing businesses, which adapt their activities in the conditions of digitalization. We have determined that the selection of anti-crisis tools in the digital environment will maintain a majority of cost indicators on the basis of which decisions are made, but the interpretation of these indicators changes as they adapt to assessing business performance in the digital economy. We believe that digital technologies are changing attitudes towards physical assets and increasing the role of intangibles. We substantiated that the main source of creating sustainable advantages of enterprises are intangible intellectual assets. We believe that the value of the enterprise obtained from intangible intellectual assets is equal to the difference between the market value of the enterprise and the value of tangible assets according to the model of valuation of real options. However, the model of real options indicates how much the value of the enterprise will increase with the effective use of intangible assets and does not give the absolute value of intangible assets. In this paper, we proposed the calculation of the lost benefit for owners from not taking into account the impact of intangible intellectual assets on the value of the enterprise.

Sustainable Governance: Evaluating the Symbiotic Relationship Between CSR and Corporate Governance

Corporate governance and corporate social responsibility (CSR) are critical concerns for modern businesses. CSR and corporate governance play a crucial role in ensuring the success and sustainability of organizations in the long run. By integrating social and environmental considerations into a company's business strategy, CSR can enhance its adaptability and resilience, enabling it to address evolving environmental concerns and societal expectations. Corporate governance involves managing organizations to generate long-term value for shareholders while considering the interests of other stakeholders and broader societal concerns. This paper analyzes the correlation between corporate governance mechanisms and corporate social responsibility (.CSR) initiatives. Specifically, it explores how governance structures impact the implementation, execution, and efficacy of CSR procedures within businesses. This paper examines the motivations that prompt companies to engage in corporate social responsibility activities, the importance of stakeholders in this context, and how effective governance practices can facilitate the integration of environmental and social considerations into corporate decision-making. Through a thorough investigation, the goal is to deepen our understanding of the complex connection between CSR and corporate governance. This document proposes integrating corporate social responsibility initiatives and corporate governance to benefit corporations, the environment, and society. It will provide significant insights for policymakers, practitioners, and academics to promote ethical business conduct.

BUSINESS DEVELOPMENT STRATEGY FOR NON-FINANCIAL PERSPECTIVE BALANCE SCORECARD METHODS TO INCREASE THE PERFORMANCE OF MSMEs IN INDONESIA DURING THE COVID-19 PANDEMIC

The COVID-19 pandemic has affected the performance of companies, especially MSMEs in Indonesia. The purpose of this study is to determine and analyze how much the company's business strategy has an influence on improving company performance, especially MSMEs. This research has its own peculiarities and is unique because at the time this research was conducted it was in a world situation that was experiencing a pandemic, including Indonesia. The research data was collected using quantitative techniques from primary data sources, which collected 173 questionnaires from 200 questionnaires distributed to several restaurants, canteens, and beverage outlets including small and medium businesses in the Jakarta, Bandung, and Surabaya areas. Based on the test results using multiple linear regression, it can be concluded that: (1) The customer perspective has a significant influence on the performance of MSMEs in Indonesia, (2) the Internal Business Process Perspective has no significant influence on the performance of MSMEs in Indonesia, and (3) The Learning and Growth Perspective has a significant influence on the performance of MSMEs in Indonesia.

Determining Business Strategy of Inspection Companies in Oil and Gas Upstream Business Activities

Inspection companies supporting upstream oil and gas business activities with multi-owned businesses are demanded to compete and survive in increasingly fierce market competition. Differences in the characteristics and scope of each business unit makes the company encouraged to be more observant in seeing the position rate of development of each business unit. A strategy is needed to ensure the treatment of each of these business units in order to achieve company goals. Identification, clustering and analysis of influencing factors affecting the company business performance are carried out through the stages of collecting secondary and primary data to obtain a follow-up plan for each business unit of the company. We use the real case in one of Indonesian Inspection Company. The method used in this paper is the analysis of strategy formulation in determining business strategies by three stages. First stage IFE (Internal Factors Evaluation) matrix and EFE (External Factor Evaluation) matrix are prepared then follow by IE (Internal External Matrix). Second stage, by assesment the following matrixes, we matched up with SWOT (Strength, Weakness, Opportunity, and Threat) matrix. Finally the final stage is taken by using QSPM (Quantitative Strategic Planning Matrix) to determine reliable strategy for inspection company in the upstream oil and gas business activities.

Company Size, Profitability, and Growth on Abnormal Stock Return with Carbon Emission Disclosure

The capital market is an alternative investment that provides investors with the opportunity to earn profits, which is known as stock profits. The more desirable a stock will cause abnormal stock returns, namely the difference between the actual profit and the expected profit. Carbon Emission Disclosure (CED) in financial statements is one of the drivers that affect stock prices on stock returns. Several factors that influence the disclosure of carbon emissions, namely the company size where larger companies have higher pressure than small companies, so companies will increase information disclosure to build a good social image and gain legitimacy as part of the company's business strategy. Disclosure of carbon emissions can be used as a form of company effort to gain legitimacy and a good image in the eyes of stakeholders, profitability provides companies with resources to gain public confidence that business profits can be made in line with disclosure of carbon emissions, and company growth shows carbon emission information is able to provide confidence in stakeholders on the company's sustainable prospects in the future. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in 2018-2020. The sampling technique was carried out using purposive sampling which resulted in 240 samples from 2018-2020. The tool used to test the hypothesis uses Path Analysis with SPSS version 22. The results show that company size, profitability, and company growth have a positive effect on CED, while CED has a negative effect on abnormal stock returns, company size and company growth have positive effect on abnormal stock returns, while profitability has no positive effect on abnormal stock returns.

STRATEGI PENGEMBANGAN PADA PERSPEKTIF NONKEUANGAN METODE BALANCE SCORECARD TERHADAP PENINGKATAN KINERJA KEUANGAN UMKM DI INDONESIA SAAT PANDEMIC COVID-19

<p><em>The purpose of this study is to determine and analyze: how much the company's business strategy has an influence on improving company performance and how big is the role of management accounting strategy in moderating the relationship between the company's business strategy and improving company performance. This research has its own peculiarities and is unique because it was carried out when the world situation was experiencing the corona pandemic, including Indonesia. Data were collected using quantitative techniques from primary data sources collected from questionnaires distributed to several restaurants, canteens and beverage outlets in the Jakarta and Bandung areas, especially in the food and beverage sector. Based on the test result using multiple linear regression, this study concludes that: (1) The customer perspective has a significant influence on the financial performance of MSMEs in Indonesia, (2) the Internal Business Process perspective has a significant influence on the financial performance of MSMEs in Indonesia, and ( 3) Learning and Growth Perspective has a significant influence on the financial performance of MSMEs in Indonesia.</em></p><p><strong><em>Keywords:</em></strong><em> customer perspective, internal business process perspective, learning and growth perspective, financial performance</em></p>

Penerapan Metode WASPAS Dalam Penempatan Hawker Branded Dunhill Filter

The location placement is an explanation related to the spatial layout of an economic activity, and this is always linked to the geographical allocation of limited resources which in turn will have an effect on and have an impact on both economic and social locations. Placement of location is a strategic activity that aims to maximize profits for the company. Placement of location greatly influences costs and determines income, location completely has the power to make or break a company's business strategy. To determine the recommendation for the placement of hawker brended dunhill filters at PT. Bentoel Group Asmo Medan can use the weight aggregated sum product assessment (WASPAS) method. The Waspas method can be used to rank the Hawkwer Dunhill Filter location with predetermined criteria.

K- Means Clustering on Based Classification Method of Sales Agent

Agent is one of very important assets for distributors. A better knowledge of the agents and their behavior is required, particularly to support decisions related to the company's business strategy and to manage a better relationship with distributors. Such knowledge can be obtained by classifying agents based on their behavior through historical data, such as the sale and purchase transaction data. One approach that can be done is a segmentation approach can be done by dividing the agents into several segments. In this paper, Data Mining techniques i.e. K-means clustering method is exploredto classify sales agents. By implementing k-means, the knowledge about the best agents can be acquired along with the agents that have least contribution to the distributor.

Mapping log data activity using heuristic miner algorithm in manufacture and logistics company

Strategies for the procurement of goods and services are essential for companies in Indonesia's manufacturing and logistics sectors. The solution to reducing the existing problem is to make a mapping plan, such as verifying documents from each department, so that it takes a long time, resulting in many issues, such as procedural misuse findings. Heuristics miner algorithms get data to form logs that consist of goods and services procurement activities. Processing log data into XML data (data extraction), which produces a dependency model and business and casual matrix (discovery process), then determines the value of fitness and precision (suitability) called the conformity checking phase process. This phase aims to produce a new business (process enhancement phase), which will create a solution to the risk of delay and procedural abuse. The results of each of these processes rank each stage of the procurement of goods and services sequentially and together to provide time-efficient and accurate decisions, resulting in project implementation comparable to the company's business strategy. Implement the heuristics miner algorithm using the Python programming language.

Strategic Information Moderated By Effectiveness Management Accounting Information Systems: Business Strategy Approach

The industrial revolution 4.0 increases business competition and the increasing need for accounting information for strategic decision making. Accounting information is financial information needed by managers to predict and determine the company's strategic policies in the future, however, the current condition of many companies has not been able to produce quality accounting information which has an impact on the production of inappropriate financial policies. This study aims to determine how much the business strategy affects the effectiveness of the use of accounting software and how much the effectiveness of accounting software affects the quality of accounting information. The population in this study were 472 managers of state-owned companies and a total sample of 312 managers of BUMN which were determined by simple random sampling technique. Testing data using covariance-based structural equation modeling (SEM) with Lisrell software. The results of this study prove that State-Owned Enterprises in Indonesia effective application software affects quality accounting information, as well as the company's business strategy affects the effectiveness of accounting software.

Maturity Level of ITSM Analysis Using ITIL V3 Framework in State Electricity Enterprise Purwokerto

In the industrialized world, information technology has become an essential component that everyone can feel and use. However, IT's proper use can provide opportunities for increased productivity and effective and efficient company processes. The quality of the service supplied is related to managing the problems faced and handling its day-to-day service operations. The purpose of this research is to analyze the IT service management (ITSM) of the National Electricity Company (NEC) in Purwokerto with media analysis using the Information Technology Infrastructure Library (ITIL) v3 framework. The method used is a quantitative method with observation, distribution of questionnaires, and data analysis as a follow-up. Maturity level analysis becomes the target of assessment to become a reference for providing recommendations for the performance of ITSM. The results of the maturity level show that NEC Purwokerto is at the optimal level. The advice given is that NEC Purwokerto maintains IT services' performance so that the NEC Purwokerto company's business strategy continues to run well and improve

PERENCANAAN ARSITEKTUR ENTERPRISE BERBASIS CLOUD COMPUTING MENGGUNAKAN TOGAF (Studi Kasus: PT. XYZ)

ABSTRACT
 PT. XYZ is a manufacturing company engaged in the production of tires. Good business strategy isnecessary for the company to compete with local competitors as well as with other companies in thegroup XYZ. Business strategy is also needed in order to achieve its goal in providing the best servicesfor customers. Support the implementation of information systems and information technology isneeded to support the company's business strategy. Planning of the Enterprise Architecture isnecessary for the company to run its business processes. Enterprise architecture is composed of theBusiness Architecture, Data Architecture, Application Architecture and Technology Architecture.Business processes and organizational activities executed using the data collected, managed,secured and distributed using applications, both custom applications and common applications thatrun over the technology infrastructure and computer networks. The research report in this thesisdiscusses about planning the Enterprise Architecture of Manufacturing Information SystemArchitecture Based Cloud Computing using TOGAF, a case study in PT.XYZ. In planning thisarchitecture using the TOGAF-ADM to pass the following stages: Defining planning the ArchitectureVision, Planning the Business Architecture, Planning the Information System Architecture, Planningthe Technology Architecture, Solutions and Opportunities, Migration Planning, ImplementationManagement, and Change Management Architecture. The research process is done by looking at thebusiness strategy on the manufacturing process and products distribution from PT. XYZ. The resultsof this study are planning the enterprise architecture of manufacturing information system at PT.XYZ to support the implementation of enterprise information systems as a whole, to solve theintegration problems of information systems, and improve effectiveness and efficiency in theimplementation of information technology infrastructure.

Extinction accounting and accountability: Empirical evidence from the west European tissue industry

AbstractRecently, human activities are more and more invasive with respect to biodiversity. Several studies highlighted the key role played by accountants in contributing to the development of tools able to support company in assessing, reporting, and disseminating, as well as accomplishing, the preservation of natural species and ecosystems (King and Atkins, 2016). Corporate reporting of environmental information might increase the credibility of forest certifications, given that some scholars argued that certified forests are not often run, in a sustainable way. Moreover, certifications sometimes cover harmful forest practices (Elad, 2014) and do not ensure a good quality of environmental reporting and performance. The research question therefore intends to explore how extinction accounting and accountability (EAA) is able to reflect ex post the company's business strategy and, at the same time, influence ex ante its formulation by easing the prevention of deforestation risk and addressing the issue of credibility through specific actions. In more detail, the “Emancipatory Framework for Extinction Accounting and Accountability” (EFEAA) (Atkins and Maroun, 2018) was tested using content and interpretative analyses based on the reports inherent to top four companies working in West Europe in the tissue industry, where the preservation of forest heritage is a “compulsory route” for assuring the business sustainability, in terms of both raw material renewal and brand reputation. The findings highlighted the first attempt to carry out a qualitative research over the management of forest issues. In our study, companies tend to report advantages arising from the use of forest, but this kind of disclosure is too generic without providing evidence over the ecosystem services forests produce. Moreover, firm size affects the quantity and the quality of disclosure. At last, managerial implications and future research avenues are outlined and discussed.

Investigating the Effect of Business Strategy and Corporate Governance on Cash Balance Policies of Listed Companies in Tehran Stock Exchange

This study aims to investigate the effect of business strategy and corporate governance on maintaining cash balance policies in companies listed on the Tehran Stock Exchange. Accordingly, the annual data of 108 listed companies on the Tehran Stock Exchange during 2011 to 2019, unit root panel tests of Im, Pesaran, and Shim and Levin–Lin–the Chu was used. In addition, the f test was used to select one of the panel data and pooled data methods, and the Hausman test was used to select one of the fixed effects and random-effects models. This study showed that the company's strategy had a negative and significant effect on the cash balance of listed companies on the Tehran Stock Exchange. Thus, it can be stated that with increasing the company's prospector business strategies, the need for investment and innovation in the company will increase. Accordingly, companies' cash balance will decrease. Also, with an increase in the proportion of non-executive members on the board, the cash balance of companies decreased due to the lack of attention to voluntary opportunities, so the cash balance decreased significantly.

Accounting for variation in and overuse of antibiotics amonghumans.

Worldwide, antibiotic use is increasing, but many infections against which antibiotics are applied are not even caused by bacteria. Over-the-counter and internet sales preclude physician oversight. Regional differences, between and within countries highlight many potential factors influencing antibiotic use. Taking a systems perspective that considers pharmaceutical commodity chains, we examine antibiotic overuse from the vantage point of both sides of the therapeutic relationship. We examine patterns and expectations of practitioners and patients, institutional policies and pressures, the business strategies of pharmaceutical companies and distributors, and cultural drivers of variation. Solutions to improve antibiotic stewardship include practitioners taking greater responsibility for their antibiotic prescribing, increasing the role of caregivers as diagnosticians rather than medicine providers, improving their communication to patients about antibiotic treatment consequences, lessening the economic influences on prescribing, and identifying antibiotic alternatives.

Business strategies of companies with a longevity of 300 years or longer in Japan: a concept model

Business strategies of companies with a longevity of 300 years or longer in Japan: a concept model

Business strategies of companies with a longevity of 300 years or longer in Japan: A concept model

This study was conducted to explore and evaluate the key factors supporting the business sustainability and longevity of firms that have survived for 300 years and more in Japan. The business owners of 10 such companies in Nihonbashi, Tokyo, Japan, were invited to interviews. The interview data was analysed with a text mining approach to develop the key themes advocating these companies’ business sustainability. From the research, a conceptual framework was developed, suggesting four key factors perceived by the owners: ‘customers and products’, ‘owner and employees’, ‘management and business credo’ and ‘change and risk management’. It was also found that non-economic values and the perception as a member of the community (‘Sanpo-Yoshi’) are embedded in their mindsets, which have been driving forces for these firms’ business behaviour.