Readiness Of Companies Research Articles

The Role of Company Sector on the Impact of Digital Orientation Strategy and Digital Capabilities Mediated by Company Readiness on Digital Innovation

The Role of Company Sector on the Impact of Digital Orientation Strategy and Digital Capabilities Mediated by Company Readiness on Digital Innovation

Readiness of companies to implement effective tax management practices: A case study in Indonesia

Readiness of companies to implement effective tax management practices: A case study in Indonesia

Does Audit Software Adoption Matter? Evidence from Local CPA Firms in Indonesia

The integration of technology in the audit practice is widely used nowadays. IT-based audits are applied since most of the accounting transactions are done computerized. This paper aims to assess the adoption of audit software by local CPA Firms in Jakarta and Medan, Indonesia. This research used the descriptive method with the quantitative approach. The research was conducted at five local CPA firms in Jakarta and Medan, with a research sample of 63 auditors. Data collections were done through questionnaires. Descriptive statistics, correlation, and regression were used to analyze data. The results of this study showed that perceived benefit and company readiness have positive and significant effects on the adoption of audit software. Adoption risk has a negative and significant effect on the adoption of audit software, and external pressure has no significant effect on the adoption of audit software. This research provides added value to all local CPA firms and makes audits more efficient and effective. It encourages all local firms to conduct the audit in a more advanced method through the use of audit software. This research corroborates the previous research in a different context (types of business and place). It focused more on a partnership type of business.

Neuromarketing readiness in Malaysia: Where are we now?

In the race to forecast consumer behaviours and purchase patterns, a culmination of new ideas, theories, and research is brought forth and used. One such contemporary study on consumer behaviour is the subject of neuromarketing. An underlying theme among several key concepts in defining neuromarketing is the ability to measure consumers’ brain activities; it aims to understand the reasoning and reactions toward specific offerings. Although the field of study has garnered worldwide interest, the subject of neuromarketing is only starting to gain traction in Malaysia, with only a few existing literatures observed. This study plans to assess the readiness of companies in Malaysia to implement neuromarketing as part of their overall strategic marketing plan, as well as the comfort level of companies in deploying neuromarketing to increase the effectiveness of the companies’ performance. By applying mixed-method research, several small to medium-sized enterprises (SMEs) would be selected to explore and subsequently examine their comprehension, readiness, and implementation of neuromarketing.

Pengaruh Teknologi Informasi, Stres Kerja dan Kompensasi Finansial terhadap Kinerja Karyawan melalui Employee Engagement di Masa Pandemi Covid19 (Studi Kasus PT “X”)

The company's readiness to conduct business in the midst of a pandemic is a big challenge for all businessman in the world including Indonesia and especially in Jakarta as a business center in Indonesia. Not only must maintain business in times of pandemic, but also must struggle with new things related to technology such as providing internet networks for work-at-home facilities, procedures to coordinate using technology and others. This study aims to examine the effect of information technology, job stress and financial compensation on employee performance through employee engagement as an intervening variable. The sample in this study consisted of 109 respondents who were permanent employees of PT X. The method of analysis used was Structural Equation Modeling (SEM). The results of this study indicate the results of a positive influence between information technology and employee performance. Job stress has no positive and insignificant effect on employee performance. Financial compensation is proven to have no positive and insignificant effect on employee performance. Information technology is proven to have no positive and significant effect on employee engagement. Work stress was proven to have no positive and significant effect on employee engagement. Financial compensation has a positive but insignificant effect on employee engagement. Employee engagement has a positive and significant impact on employee performance. Information technology has no significant effect on employee performance through employee engagement. Job stress has no significant effect on employee performance through employee engagement. Financial compensation has a positive effect on employee performance through employee engagement.

Analysis of Fire Emergency Response Readiness at Oil and Gas Company

Introduction: Fire is one of the dangers that is often found in the oil and gas industry. A fire preparedness system is needed by companies to avoid dangers and risks that have the potential to cause damage, injury or death. Objective: This research aims to see the readiness of Fire Emergency Response system. The results of this research can be used as a basis for developing policies and programs Fire Emergency Response work. Method: This research uses the FERRAT Form as the basis for the research. The instrument used in this research is the FERRAT Form. Field observations were carried out to see directly the field conditions and the form filling process. Result: The results of this research show that the company's readiness in implementing the Fire Emergency Response system as a whole has reached an average of <90% with an overall value of 40.33%. Conclusion: It is hoped that with this research, companies can carry out independent evaluations and immediately initiate improvements related to risk-based system design, adequacy levels according to potential fire risks and ensuring emergency response equipment is always in a ready-to-operate and alert condition

Циркулярна економіка: особливості та перспективи впровадження в Україні в умовах війни

The circular economy is a prerequisite for the new industrial revolution, because it contributes to achieving maximum economic efficiency in industry and reducing the negative impact on the environment. Its implementation involves a set of measures aimed at the sustainable development of enterprises, the country and society. Introducing the concept of circular economy is an important and necessary step for the development of our country, its integration into the European Union and post-war recovery. The purpose of the study is to identify problems on the path of reorientation of Ukrainian enterprises to the principles of circularity and sustainable development and to develop methods for their rapid adaptation, in particular, taking into account the consequences of European integration and full- scale war. The goals of the research: analysis of the current state of waste management in Ukraine, clarification of the essence and key principles of circularity and sustainable development, identification of the main strategies for the implementation of the circular economy, analysis of the peculiarities of the implementation of circular business models in Ukraine, taking into account the experience of the EU, development of recommendations for rapid adaptation circular business models in conditions of war. The peculiarities of waste management in Ukraine, in particular in the conditions of war, the readiness of companies and resource provision for the introduction of new circular business models are analyzed. The advantages and weaknesses of the implementation of circular principles, the opportunities that open up to enterprises, the positive impact on the economic, social, technological spheres, etc. are characterized. Before the full-scale invasion into Ukraine, most of the factors of the external environment were generally favorable for the implementation of circular economy business models by Ukrainian enterprises: accelerated accession to the EU, commitment to Ukrainian business in the world market, attraction of foreign investments, development of innovative technologies in Ukraine, gradual change in the culture of consumption, increasing consumer trust in “green” brands, increasing the level of social responsibility of enterprises. The amount of waste in Ukraine as a result of military operations as of June 2023 was 12 million tons (excluding temporarily occupied territories): destruction of admini- strative buildings, private houses, agricultural lands, etc. At the same time, it was stated that the pre- war methods of waste management, which were already ineffective, cannot be used in principle today. Therefore, now more than ever, it is important to promptly and effectively eliminate its consequences, which, on the other hand, is also a potential for the development of the circular economy and the post-war reconstruction of Ukraine.

Evaluation of Industry 4.0 strategies for digital transformation in the automotive manufacturing industry using an integrated fuzzy decision-making model

The current paper proposes a methodological frame to identify the best Industry 4.0 (I4) strategy for the automotive manufacturing industry as a roadmap for companies to make a more straightforward digital transformation. We noticed a critical research gap when we performed an extensive literature review. Although there are many studies available that assess the readiness of companies for I4, only a few deal with decision-making in terms of sustainable development, and none have applied that to the automotive industry. Practitioners can apply the proposed model to determine the strategy based on technological developments in I4. The current paper proposes an extended version of the combined compromise solution approach with the help of the picture fuzzy sets. According to the paper's results, by using the proposed model, developing a new business model based on technological improvements is the best strategy for the digital transformation of the automotive industry. Also, the lack of research and development implementations on I4 implementation is the most influential factor. Hence, practitioners in the automotive industry know the significance of research and development in reaching successful results for digital transformation. The acquired outcomes of the paper show that developing technology-based new business models is the best strategy for the automotive manufacturing industry concerning digital transformation instead of accommodating traditional business models and high technology utilization.

Study on the Benefits of the Implementation of Green Building Rating in Malaysia

A green building is a sustainable design incorporating environmentally friendly practices in its construction and management. The objective of green building development is to reduce the negative impact of buildings on the environment by mitigating carbon dioxide emissions. Several countries worldwide, including Malaysia have established rating tools under the World Green Building Council to measure sustainability for various types of development. The goal is to encourage all nations to promote green building and replace conventional methods that harm the environment. In Malaysia, two of the most commonly used assessment tools for green building are GBI and GreenRE. The Malaysian government has implemented various policies to manage the construction process of green buildings, such as the National Green Technology Policy, Green Performance Assessment System, and the establishment of Green Technology Master Plan for managing green operations. However, green building projects in Malaysia are still in the formative stage, indicating that the construction industry in Malaysia is still in its infancy with regard to sustainable development. This study aims to investigate the perceived benefits of implementing Green Building Rating Tools in Malaysia. Specific factors that enable company readiness to adopt rating tools include benefits to occupants, facility management, and environmental sustainability. The research methodology used in this study was quantitative, employing a questionnaire survey with 140 respondents. The findings indicate that Facility Management and Environmental Sustainability are significantly related to Company's Readiness to adopt Green Building Rating. It is crucial for policymakers to provide incentives to project teams (developers, consultants, and contractors) to increase awareness about green construction and its implementation.

Comparison Industry 4.0 Assessment Reference Standards to Develop an Assessment Tool Industry 4.0

At this time, we have entered the 4th industrial revolution, or what is often called Industry 4.0, where all activities or data can be accessed in real time. Manufacturing companies are currently facing Industry 4.0 as a challenge. Manufacturing companies see the concept of Industry 4.0 as very complex which can disrupt the company’s business processes and manufacturing companies also find it difficult to assess their readiness to transform and fail to make strategies and work plans. The purpose of the research is to develop an assessment tool in one part of the industry 4.0 assessment to make it easier for manufacturing companies to assess their company readiness and find out one of the things that must be done to transform to Industry 4.0. This study conducted a scientific study of the existing Industry 4.0 assessment reference standards such as IMPULS from Germany and INDI from Indonesia. Scientific studies looked at and studied the history of the creation of reference standards for the IMPULS and INDI assessments. This study also looks at the correlation between the assessment reference standards and the comparison between IMPULS and INDI. The results of this study see a correlation between each assessment reference standard based on the literature review and develop an assessment tool to assess one part of industry 4.0 assessment.

The EU’s Sustainable Product Initiative: Enhancing the Readiness of the Furniture Business in Ukraine

This study has been inspired by a set of new rules which are expected to be implemented within the EU’s Ecodesign for Sustainable Products Regulation (ESPR). Considering the possible market risks for the Ukrainian furniture industry, and that includes both exporters and non-exporters (within the context of the harmonisation of the rules), this research sought to capture and understand the readiness of companies as regards the changes on the EU market, along with those companies’ sentiments and ability to cope with the upcoming inherent challenges. The survey of furniture producers presented in this paper is one of the first devoted to the problem of Ukrainian producers’ adaptability to the ESPR, made all the more challenging due to the burden of the ongoing war. This study has brought to light rather positive industry sentiments regarding furniture production volume and the competitive position of companies within the furniture industry, but there is also a lack of company awareness of the full range of ESPR measures and tools, hence there is a risk of underestimating those measures and tools’ possible impact along with the risk of a delayed response. Environmental sustainability values should be given higher priority than they are currently in companies’ current marketing strategies, and the effectiveness of supply chain management practices will inevitably have to be questioned by company leaders. Possible adaptation measures aimed at circularity are not sufficiently perceived, while attention is focused more on the use of materials, energy, and environmental pollution.

Sustainable Economy: The Eco-Branding of an Industrial Region in Kazakhstan

In the sustainable economy, consumer preferences are gradually beginning to prioritize environmentally friendly products and services. A sustainable economy is directly linked to the growth of consumer welfare and the environmental culture. The success of environmental projects is largely determined by approaches to the management of complex interconnected objects, which operate in developed industrial regions. In this regard, we formulate the purpose of this study, which is to generalize approaches to and to improve the mechanisms of the ecological branding of the industrial complex of a region through conscious ESG transformation. For this purpose, we have studied the statistics and principles of the management systems of Kazakhstani companies and their stakeholders. The focus was on the Pavlodar industrial region, where metallurgical production, petrochemicals, the agro-industrial sector, the banking sector, and logistics hubs are developed. The vision and the mechanisms that can influence the development of the export potential of products with an “ecological brand” were studied. A survey of export-oriented organizations helped to identify the behavioral attributes of the “new generation eco-consumer”, namely, a conscious desire to reduce the negative impact of production and economic activities on the environment. The theoretical significance of this study helps to reveal the influence of the ecological principles of the organization of modern production on the speed of transition to green technologies. Its practical significance is seen in the formation of a system for measuring the level of readiness of companies to promote the ecological branding of a region’s industry outside its country.

Readiness of Accountans in XBRL

The study aims to determine management's understanding of Extensible Business Reporting Language (XBRL) and investigate the extent to which companies are prepared to adopt Extensible Business Reporting Language (XBRL) as a form of internet-based financial reporting for internal and inter-organizational use of the Technological-Organizational-Environmental (TOE) Framework. This survey is for accountants in Indonesia, totalling 100 people. The data analysis technique in this study uses the structural equation model (SEM) to examine the contracts from the TOE Framework. This theory is used to describe a company's readiness to adopt XBRL as measured by relative usefulness (relative advantage), flexibility (compatibility), and complexity (complexity); organizational constructs, namely expertise (skills) and learning from external sources (learning from external sources); and environmental constructs that are influenced by mimetic pressure, coercive pressure, and normative pressure. The expected results of the TOE Framework can explain the company's readiness to adopt XBRL. The implications of this research provide an overview of the behaviour of accountants in Indonesia in adapting to technological changes.

A model for Industry 4.0 readiness in manufacturing industries

In the context of digital transformation, to assess the current state of manufacturing companies, a readiness model is proposed in this paper. Using a literature review and a framework considering maturity as an 'input' enabler and not as an 'output'. Three dimensions are considered in this model (Organization maturity, Technology maturity, and Process Maturity), to assess the company readiness (Ready or Not ready). Allowing compagnies to identify their readiness for Industry 4.0 (I4.0) adoption, by developing a decision support model, is the goal of this research. This model based on Fuzzy Inference System, considers the three decision criteria and then ranks the enterprise according to its output indicator. For the validation of this proposed model, an experimental study was conducted to assess the readiness of 2 manufacturing companies, a multinational in automotive sector and an SME in Apparel sector. The proposed model meets the desired objective and is therefore retained for the evaluation of the readiness to I4.0 in different manufacturing contexts

Industrial data sharing and data readiness: a law and economics perspective

We study the incentives and welfare properties of industrial data sharing taking into account the data (economy) readiness of companies. We differentiate between two regulatory settings. First, there is no compulsion for companies to provide data. Companies, which also use the data for other corporate purposes, decide whether to share their data voluntarily. Second, there is a regulatory requirement on the minimum amount of data to be shared by the data provider. We assume that data sharing affects the data provider’s value of the data. The magnitude and sign of this effect have an impact on the optimal investment level of data generation and overall welfare in the different cases under study. Our results suggest that the implementation of a data-sharing policy has ambiguous welfare properties. It has positive welfare properties if (a) the data receiving firm does not pay too much for the data, (b) the data receiving firm benefits enough from the data provider’s data generating effort, and (c) the intensified competition due to data sharing is not too harmful to the data provider. In contrast, it will always have negative welfare properties if the data provider’s minimum amount of data to be shared under the policy is prohibitively high such that no data is created in the first place. Our results also suggest that a positive effect of data sharing on the data-generating company’s value of the data and its data economy readiness positively affect the incentives to share data. Finally, we find that data sharing under a data-sharing policy leads to a lower data quality if the data economy readiness of the data-generating company is too low.

Kesiapan Perusahaan di Indonesia Dalam Menghadapi Revolusi Industri 4.0

The main point or The purpose of this study is to find out and understand the preparations that every business company in Indonesia has had to face and will continue to face regarding the current era of industrial revolution 4.0 underway and is currently starting to face further developments in the era that is starting Entering era of industrial revolution 5.0. Industrial Revolution 4.0 or what is also known as "cyber physical systems" is an event where there is cooperation between and automation technology and cyber technology. So with the evolution of industry, in the current era, companies previously needed manpower and human resources with physical abilities who could be productive in large amounts of energy, now with chanwith the changes that occur in the eras that occur in industrial sector, technology has entered as a component that helps human work, inseparable from Therefore, the impact is widespread, especially in the industrial sector in Indonesia. Now many companies have implemented technology-based digital systems to support their performance to be more productive and generate large profits as well as develop innovation and facilitate the company's progress to continue to be sustainable in the future. Technology is developing and advancing rapidly thanks to scientists and researchers who have contributed to it in terms of science and technology. With this, digital-based systems and digital-based physical facilities and infrastructure created to make things easier for people achieve various needs and desires according to their respective goals. This is certainly something that cannot be denied and avoided in the world community, not only in Indonesia. Therefore, this article will focus on discussing the readiness of companies in Indonesia to face the positive and negative challenges arising from changes in this progress Results of this study article conclude that although there are efforts being made to prepare companies in Indonesia to face the Industrial Revolution 4.0, further efforts are still needed to ensure equal readiness in various industrial sectors.

Циркулярна економіка: особливості та перспективи впровадження в Україні в умовах війни

The circular economy is a prerequisite for the new industrial revolution, because it contributes to achieving maximum economic efficiency in industry and reducing the negative impact on the environment. Its implementation involves a set of measures aimed at the sustainable development of enterprises, the country and society. Introducing the concept of circular economy is an important and necessary step for the development of our country, its integration into the European Union and post-war recovery. The purpose of the study is to identify problems on the path of reorientation of Ukrainian enterprises to the principles of circularity and sustainable development and to develop methods for their rapid adaptation, in particular, taking into account the consequences of European integration and full-scale war. The goals of the research: analysis of the current state of waste management in Ukraine, clarification of the essence and key principles of circularity and sustainable development, identification of the main strategies for the implementation of the circular economy, analysis of the peculiarities of the implementation of circular business models in Ukraine, taking into account the experience of the EU, development of recommendations for rapid adaptation circular business models in conditions of war. The peculiarities of waste management in Ukraine, in particular in the conditions of war, the readiness of companies and resource provision for the introduction of new circular business models are analyzed. The advantages and weaknesses of the implementation of circular principles, the opportunities that open up to enterprises, the positive impact on the economic, social, technological spheres, etc. are characterized. Before the full-scale invasion into Ukraine, most of the factors of the external environment were generally favorable for the implementation of circular economy business models by Ukrainian enterprises: accelerated accession to the EU, commitment to Ukrainian business in the world market, attraction of foreign investments, development of innovative technologies in Ukraine, gradual change in the culture of consumption , increasing consumer trust in "green" brands, increasing the level of social responsibility of enterprises. The amount of waste in Ukraine as a result of military operations as of June 2023 was 12 million tons (excluding temporarily occupied territories): destruction of administrative buildings, private houses, agricultural lands, etc. At the same time, it was stated that the pre-war methods of waste management, which were already ineffective, cannot be used in principle today. Therefore, now more than ever, it is important to promptly and effectively eliminate its consequences, which, on the other hand, is also a potential for the development of the circular economy and the post-war reconstruction of Ukraine.

Digital Skills in Modern Business Models

The purpose of the article is to explore the role of digital skills in modern business models and their impact on company management. The research methodology is based on the principles of scientific research. General scientific methods of cognition are used, global practices of digital skills assessment are analysed based on the use of official documents and methodologies, and cases of digital transformation and the use of digital skills in the business models of global companies are studied. The scientific novelty lies in the formulated advantages of digital skills, which have a decisive impact on the transformation of business models in the digital environment, as well as on the structure and trends of the labour market, defining the basic competencies of the workforce and shaping the range of employers’ requirements. Digital transformation has not only changed the world of work creating new job roles and changing the nature of work itself but also developed the readiness of companies to face modern global and regional challenges. Best practices for assessing digital skills include using a comprehensive digital competency framework, conducting regular employee skills assessments, and providing targeted training and development programs to address skills gaps. Conclusions. It is formulated that digital skills management is an ongoing process that involves identifying the skills and competencies required for each role in the organisation, assessing current skills and providing learning and development opportunities. Rapid technological advancements, the need for retraining and upskilling, the problem of finding talent, digital security, organisational resistance to change, lack of standardisation, difficulty in integrating with existing processes, etc. pose challenges for modern companies. The cases of Amazon, Walmart, General Electrics, and IBM were studied. They were able to use digital skills to collect and analyze data, improve team collaboration and communication, and optimize their operations, which led to such benefits as increased efficiency, customer satisfaction, and cost reduction.

TECHNOLOGICAL RE-ENGINEERING OF MACHINE-BUILDING ENTERPRISES: EVOLUTION, PROBLEMS, SOLUTION WAYS

The article discusses the current nutrition of the current development of machine building in Ukraine. It is noted that for the economy of Ukraine at the beginning of the 21st century, catastrophic short-term expansion and progressive degradation of the technical base of industrial enterprises were characteristic, which served as a creak of both simple and extended implementation among rich galuzi people's dominion. To get in the way of this unsafe trend, you can only use the industry and її provіdna galuz - machine-building. Think, in order to function in the industrial complex of Ukraine in the nearest future, to be under the influence of the market mechanism of self-regulation, on the one hand, various corrective inflows from the side of the state authorities, caring for and a number of subjective and objective factors c.Globalization, digital transformation are the most important irrigation factors , pandemic, military conflicts, just. . It is given to the stylist the information about the urgency of these processes. From one side, it will make it easier for the government to interact between the powers, which I create minds for the access of the country to the advanced reach of people, ensure the economy of resources, stimulate the progress of the world. On the other hand, globalization brought negative consequences: a fixed peripheral model of the economy, a waste of its resources by countries that do not enter the "golden billion", ruining small businesses, expanding on the weak edges of globalization and competition tsії, lowering the equal of life and іn. It is clear that Ukraine is progressively developing in the field of digital technology and digital transformation, but there is still a significant potential for further development. An important criterion for the strength of the DH process in business is the “digital maturity”, and its promotion is business strategy. This maturity is seen as the steps and goals of the process of organizational training, which determines the reaction to the digitally competitive environment, which is brought about and changed. Due to the insufficient maturity of business processes, the low level of process management in the company is understood, because the main and additional processes are not defined and not regulated, the automation is now chaotic, may be local in nature, the processes are not adapted and planned before the introduction of new technologies. The authors advocated the development of technological re-engineering with the development of technology foresight at the enterprises of machine-building and the forward diagnostic readiness of companies to digital transformation, as in accordance with the recommendations of the TOGAF standard and may zdіysnyuvatisya at the boundaries of the formation of the architectural tower of the company at the cob stage of the implementation of the transformation project.

Risk capability building post Covid-19 through improving competency in risk management

This study aims to understand how a pioneer Bus Rapid Transit (BRT) company in Indonesia strengthens its business resilience when facing uncertainty due to the COVID-19 pandemic. A qualitative research approach with the case study method is used where the primary data source is respondents, who are determined based on the purposive sampling method. Data collection and analysis were conducted using triangulation techniques by distributing questionnaires, structured interviews, and focus group discussions, which have helped discover that the pioneer BRT company is not fully prepared for the COVID-19 pandemic. The company then decided to strengthen risk management capabilities by increasing risk management competencies that support decision-making in responding to the impact of the COVID-19 pandemic. Risk leaders believe that strengthening risk capabilities can boost the company's resilience in the face of the COVID-19 pandemic and help it succeed in the new-normal era later. However, it is recommended that companies implement a business continuity management system based on the ISO 22301:2019 Business Continuity Management System (BCMS) standard as a systematic and comprehensive approach. The implication of implementing this standard is strengthening the company's readiness to deal effectively with risks of resilience and business continuity in the future.