Company's Development Process Research Articles

FINANCIAL MANAGEMENT IN THE HEALTHCARE INDUSTRY OF THE SLOVAK REPUBLIC

Background: Healthcare is one of the most monitored areas of human activity. The healthcare segment, especially healthcare, drug development and manufacturing are among the defensive sectors that thrive even in times of uncertainty. Aims: The aim of the paper is to apply methods of financial analysis in the financial management of hospitals in NACE 861 – Hospital activities, to assess and increase competitiveness and financial performance. Sample: The research sample consists of medical facilities under the jurisdiction of the Ministry of Health of the Slovak Republic transformed into joint-stock companies and hospitals under the jurisdiction of the Ministry of Health of the Slovak Republic, the Ministry of Defense of the Slovak Republic, and the Ministry of the Interior of the Slovak Republic according to NACE 861 – Hospital activities. Methods: We use basic thought operations and selected mathematical-statistical methods in the paper. The financial analysis of the hospitals will be carried out based on the data taken from the financial statements available in the Register of Financial Statements of the Slovak Republic for the years 2007 - 2022. Results: The results show that the geometric mean for the period 2008 - 2020 for costs is G = 1.01 and for revenues is G = 1.02. Conclusions: Financial aspects are key factors in the company's development process. Knowledge regarding the financial health of the company can help the company in its competitiveness. In the framework of business management, many decisions are influenced by financial and economic analysis. Every manager should strive to understand financial theory. Implications: The benefit will be an evaluation of the financial situation and insight into the competitiveness of the healthcare industry.

IMPROVING MANAGEMENT WITH THE HELP OF HIGH TECHNOLOGIES: THE EXPERIENCE OF ALIBABA GROUP COMPANY

The article discusses modern strategies for improving management in the corporate environment with an emphasis on the practical experience of the e-commerce giant Alibaba Group. The study highlights the implementation of high technology in various aspects of business, from the supply chain to e-marketing. Empirical methods, complex methods, and system analysis are used for analyzing the impact of high technologies on the company's development process. The article reveals specific technological solutions and innovations that Alibaba Group successfully uses to optimize internal processes and ensure a high level of management efficiency. The study also analyzes the positive results of the implementation of these technologies and their impact on the company's competitiveness in the market. Conclusions are drawn on the key aspects of successful optimization of management with the help of high technologies, taking into account the practical experience of Alibaba Group. This article is a valuable source of information for business leaders and managers who seek to introduce innovations in their organizations and increase the effectiveness of management processes. The article provides a theoretical analysis of the problems of organizational efficiency and features of the organizational structure of Alibaba Group. The main methods of building an organizational structure, management methods, distribution of responsibility between managers and staff motivation systems in Alibaba Group are considered. The key directions for improving the efficiency of the organization of Alibaba Group's activities in the near future have been determined. The author's definition of the process of improving the organization's management based on high technologies is formulated. The results of the study can be useful for managers and specialists of different organizations in the field of e-commerce and Internet technologies.

The Quality of Company Audit in Indonesia during COVID-19 Pandemic: A Review of Literature

As many companies transform, auditing is crucial in a company's development process, especially during the COVID-19 pandemic. Transformation without a financial audit can lead to problems because it may not effectively minimize fraud or unanticipated risks. With the advent of COVID-19, auditors' work is constrained by government policies that limit on-site work, preventing auditors from accessing necessary data freely. This situation has the potential to result in lower-quality audit reports. Research on the quality of company audits during the COVID-19 pandemic was conducted using review literature. The research process involved collecting data from offline and online journals and proceedings. This study revealed a general decline in audit quality, but there were also cases where the quality remained consistent with the pre-COVID-19 period. This study concludes that the quality of audit analysis results plays a crucial role in ensuring company transparency and integrity, particularly in the presentation of financial reports. By leveraging the audit findings provided by the auditors, stakeholders will have a robust and thorough foundation for making informed conclusions and decisions regarding the company's future. Amidst the COVID-19 pandemic, the integrity of audits came under scrutiny due to the numerous changes implemented by companies striving to endure the crisis.

Analysis of Whether There Will Be a Company Like Netflix in China

As a giant in the film and television industry, Netflix's experience and success are worth thinking about. The film and television industry has enjoyed certain development and opportunities due to the spread of COVID-19 across the country. The article explores whether China can seize the opportunity to create the next Netflix. The article starts with Netflix company to study the company's development process and advantages, challenges and so on. Furthermore, we face challenges by comparing the financial differences and business models between the Chinese company and Netflix. Finally, this study concludes Netflix has grown since the early days of the Internet. Its success and opportunities cannot be replicated today, but Chinese companies can learn from Netflix's development experience and blaze a trail of innovation and success.

Research on the Motivation and Effect of Equity Incentive of Huiding Technology

Stock incentives can be considered one of the most commonly used long-term incentives in modern enterprises, and the study of the motivation and effectiveness of this incentive mechanism has also become an important aspect of the company's development process. Based on this, this article selects Hiding Technology Company as a case study to evaluate the motivation and effectiveness of its three restricted equity incentive plans implemented since its listing in 2017. I look forward to providing corresponding reference suggestions for listed companies in other similar businesses when implementing equity incentives.

The Role of Job Satisfaction in Mediating the Effect of Employe Engagement, Organizational Culture on Employee Performance at Company

Human resources will always be needed in every production process either to produce goods or in the field of services, this needs to be considered for companies to always involve employees in the company's development process. the shape and purpose of the organization, various visions are designed to realize human interests which in realizing its mission also involve human resources in it. The purpose of this study was to determine the effect of employee engagement, organizational culture on employee performance through job satisfaction as an intervening variable at PT Sekar Katokichi Sidoarjo. This research is a type of quantitative research that uses data processing in the form of numbers. Using a sample of 141 employees at PT Sekar Katokichi Sidoarjo, with the distribution of questionnaires which were then tested through various measuring instruments using the help of the IBM SPSS program. The results of this study indicate that there is a direct influence of employee engagement on organizational culture on employee performance. Indirect influence of employee engagement, organizational culture on employee performance through job satisfaction as an intervening variable.

<b>Principles and recommendations for implementation of design methods in the product development process of companies

This paper aims to present a study on the implantation of design methods in the Product Development Process (PDP) of companies, with the intention of generating a set of decision support principles and recommendations for deployment of these resources in the industry. This study was classified as applied research, as it aims to apply knowledge in industry’s product development. On the approach, it was classified as a qualitative research because it used interviews, document examinations and has a descriptive character. As for the goals, it was classified as exploratory and descriptive, having a practical application. The technical procedures used were literature review, field study and action research. The main result of this research is a group of systematic character propositions that are the foundation to guide the implementation of design methods in the industry, consisting of Selecting the Appropriate method to be implemented in accordance with PDP, Planning the Implantation of the method selected, Applying the Method and control and actions to improve the implementation. The research offers a synthesis of various experiences about the implantation of design methods in the industry, redeeming values of human wisdom that previously had not received great attention.

An Algorithm for Supply Chain Integration based on OTSM-TRIZ

In the paper an operative algorithm is described that guides decision makers in selecting the best supply chain integration strategy to follow when problems occur. The aim of the algorithm, inspired by the Theory of Inventive Problem Solving, and specifically by the body of knowledge of its recent evolution (OTSM-TRIZ) is to address managerial problems following a structured reasoning approach: a five steps procedure has been formulated to systematically structure the problem context, generate solutions and assess the potential effects of each solution. A case study has been developed, to test the algorithm effectiveness and usability, in collaboration with the Chilean company ARAUCO S.A., one of the major forestry companies in the world. The results demonstrate the efficacy of the algorithm to support decision makers in correctly implementing the identified problem solutions within the company development process and organizational structure.

A Roundtable Discussion … Increased Focus on Human Factors Drives Device Safety Improvements

<i>A Roundtable Discussion</i> … Increased Focus on Human Factors Drives Device Safety Improvements

An empirical investigation of complexity and its management in new product development

New product development (NPD) programmes are increasingly complex and difficult to manage. The consequences of poorly managed development complexity can be highly visible and even lead to project failure. To effectively screen new product proposals and manage NPD projects more efficiently, NPD teams need to be equipped with the capacity to identify development complexity and possess the knowledge to manage it. Unfortunately, there have been few studies which specifically illuminate the challenges and experiences product developers face in dealing with complexity. Our research attempts to help fill this gap. Our study is based on exploratory field interviews with 32 project leaders and team members. We first focus on identifying the specific complexity issues encountered in NPD. We then identify what NPD teams actually do to minimise the potential adverse consequences of complexity. Finally, we examine whether a company's development process reduces or increases the complexities NPD teams encounter. Based upon our research, we present our results and conclude by offering several recommendations for complexity management as well as suggestions for future research.

Technology management in the company of the future

This paper develops new conceptual ideas on the role of technology management in future companies. It draws consequences for their operatins, and it suggests new perspectives that arise from current trends in company development. It argues that technology management needs to address, in a differentiated manner, the problems which airse during the development process of companies and markets. Particular emphasis is placed on the demand of systems producers on technology management.