Competitive Advantage For Companies Research Articles

НОВЫЕ ТРАЕКТОРИИ ОРГАНИЗАЦИИ БИЗНЕСА ПОД ВЛИЯНИЕМ ЦИФРОВИЗАЦИИ НА ПУТИ ОБЕСПЕЧЕНИЯ УСТОЙЧИВОГО СОЦИАЛЬНО-ЭКОНОМИЧЕСКОГО РАЗВИТИЯ ОБЩЕСТВА В РФ

The article considers the processes of globalization in conditions of high turbulence of business, developing today on the basis of digitalization and qualitatively new information exchange, which leads to a significant transformation of social relations. In the field of transformation of business architecture and management technologies, an understanding is formed that the competitive advantages of companies can be best realized through the joint use of common resources, competencies, network effects, and institutional conditions. This circumstance determines the need for economic and managerial research of new objects, which includes the "business ecosystem". The purpose of the study is to substantiate the directions of creating institutional conditions necessary for the establishment and functioning of ecosystems as a new organizational and economic form of doing business in the conditions of ensuring self-preservation of the natural ecosystem. The authors used an institutional approach to the subject of the study, based on the synthesis of economic and organizational theory, systems theory, innovation theory, and the concept of sustainable development. The main results are based on the generalization of historical stages of formation and comparative characteristics of functioning of different models of business ecosystems in banks, determination of value properties of complex banking products.

Analysis of Business Strategy, Market Orientation and Innovation Capability On Competitive Advantage Through PT Abc's Firm Performance

Companies today are increasingly recognizing the importance of adopting business and innovation strategies to stay competitive in an ever-changing marketplace. This study aims to examine the relationship between business strategy, market orientation, innovation capabilities, company performance, and competitive advantage in the context of PT ABC, a construction and public procurement company established in 2018. The research method used is quantitative, with preliminary stages, observation, filling out questionnaires, data collection, data processing, and validity tests. Data is obtained through surveys and analyzed to examine the effect of these variables on the company's competitive advantage. The results showed that business strategy has a positive effect on the company's innovation capabilities and performance. Market orientation also has a positive effect on company performance. However, market orientation does not have a significant effect on innovation capabilities, and innovation capabilities have no effect on competitive advantage. These findings provide important insights for PT ABC and other companies in developing business strategies, strengthening market orientation, and enhancing innovation capabilities to achieve competitive advantage in competitive markets.

Positive Outcomes of Corporate Social Responsibility for Companies and Society

To explore the complicated field of corporate social responsibility (CSR), this study performs a thorough narrative review of the literature. It achieves this by clarifying the benefits that CSR could bring to society as well as to companies. According to the study, corporate social responsibility (CSR) goes beyond philanthropy and serves as an imperative strategy that improves a company's competitive advantage, reputation, and brand image. The study highlights the several benefits companies may achieve, such as enhanced staff morale, reduced risk, increased market share, and sustained financial prosperity. The article also explores the social impact of corporate social responsibility (CSR), presenting it as a driving force behind improving living standards, advancing equity, and aiding in protecting the environment.

THE ROLE OF ECONOMIC EFFICIENCY AND BUSINESS STRATEGY TO ACHIEVE COMPETITIVE ADVANTAGE

An among company base on the organizational environments could lead conducts within an implementing economy of scale and the level of efficiency in identifying the number and variety of products and services that produce business can be profitable for the long term, to achieve competitive advantage in the industry. An asymmetric situation-based approach based on Agency Theory describes corporate business governance in which the company owner as a principal hires agent (company managers with various functional levels) to run the business of operating the organization in a complex industry. Meanwhile, analysis based on strategic choice theory pays attention; the relationship between managers of different functional levels and options, the constantly shifting market dynamics with the latest technological advances and innovations that continue to be made between business competitors, and the level of relationship between managers and the market are dynamic. For this reason, the author will develop a new concept of business strengthening that has the role of Economics, Efficiency, and Business Strategy to achieve Competitive Advantage in Companies in Industry in Indonesia with an approach based on Agency Theory and Strategic Choice Theory.

The Effect of Organisational Commitment in Mediating the Relationship between Transformational Leadership and Corporate Competitive Advantage (Study on State-Owned Companies in Indonesia)

This study aims to test and analyze the relationship pattern of transformational leadership, organizational commitment, and corporate competitive advantage. The study was conducted in three Indonesian state-owned enterprises. Data will be collected by distributing a questionnaire to 156 managers. The number of questionnaires that can be used is 120. Data analysis is performed using a HE SEM equipped with AMOS as the data processing application. The results of this study show that: (1) Transformational leadership has a significant positive impact on organizational commitment. (2) Transformational leadership has a significant positive impact on a company's competitive advantage. (3) Organizational efforts have a significant positive impact on a company's competitiveness. (4) Organizational commitment mediates the impact of transformational leadership on a firm's competitive advantage.

Halal Information in Customer Value Disclosure

Indonesia has a majority Muslim population, so consumers have the right to know the halalness of the products/services they consume. In addition, halal information can be of value to customers because it is a differentiator from similar products/services offered by other producers. This study aims to propose halal information as a novelty in Customer Value Disclosure (CVD). This novelty is important to reduce information asymmetry, provide value added and competitive advantage for companies, especially when operating in areas with a majority Muslim population. In addition, this novelty can be studied in further studies associated with other variables such as stock price, firm value, future profitability, cost of equity, personnel readiness and others. Through a literature review with reference to two studies that specifically discuss Customer Value Disclosure (CVD) and the annual reports of several companies, it is concluded that halal information can be added to the disclosure because the company has provided this information in the annual report. The information is in the form of the company's commitment and achievements towards halal products/services and halal certification obtained.

Leveraging Technology Integration in Kenya's Food & Beverage Industry for Competitiveness.

Leveraging Technology Integration in Kenya's Food & Beverage Industry for Competitiveness.

Corporate Resilience and Competitiveness Relying on System Digitalization Through Ambidextrous Innovation

The business process of shipping agencies in the post-pandemic is facing adjustments in providing services to customers. A digitalization system carried out by shipping agencies is a solution to respond to these changes and enable shipping agency businesses to survive. This study explored the extent of the impact of system digitalization on the resilience of shipping agency companies and also on the company's competitive advantage mediated by ambidextrous innovation. This study was conducted on 192 shipping agency companies that are members of shipping agency associations in Indonesia's main ports. Data collection was carried out by distributing questionnaires online then data processing was carried out and analysis was carried out, both descriptive statistical analysis and inferential statistics using WarPLS. The research results showed that the existence of a system digitalization program increases company resilience. Likewise, the existence of a system digitalization program also increases the company's competitive advantage. With a proactive response in the form of ambidextrous innovation from the company, digitalization is increasingly showing a significant influence on the company's resilience and also on the company's competitive advantage. The results of this research provide additional empirical contributions in proving the RBV-based theory of competitive advantage where with breakthrough innovation and adaptation to digitalization of the system which is part of the empowerment of company resources aimed at producing service products that are of unique value and cannot be imitated by competitors so that they have a competitive advantage for the company. The results of this research also provide a practical contribution to the shipping agency industry where it cannot be denied that the system digitalization process followed by ambidextrous innovation will increase the company's resilience and produce competitive advantage for the company as well.

Innovation and financial performance: an European evidence

Purpose- The purpose of this study is to explore the relationship between innovation and financial performance in the context of European listed companies. Starting from the initial thesis of Schumpeter, this topic attracts the interest of academics and managers because innovation is included among the factors capable of influencing the value, profitability and competitive advantage of companies. The empirical evidence in this regard appears divergent: the existing literature shows positive or negative impacts or indicates the absence of a relationship between innovation (summarised in research and development expenditure) and financial performance. Methodology- The study employs correlation analysis in order to figure out the existence of a link between innovation and financial performance. In accordance with the literature review, we use R&D expenses divided by sales as proxy of innovation and return on equity (ROE), return on capital employed (ROCE), EBITDA margin and profit margin as measures of financial performance. Data are obtained form the Amadeus Bureau van Dijk database and refers to the year 2020. Given the need to consider companies for which all the quantities mentioned are available for 2020, the final sample is made up of n. 224 European listed companies. Findings- Pearson's correlation coefficient with EBITDA margin is 0.027, with ROA is 0.016, with Net profit margin is 0.034 and with ROE is 0.025, highlighting a weak positive relationship between the independent variable and each dependent variables (that means the R&D activities will increase the profitability of firms on the same financial year). However the p-value, higher than the α=0.05 threshold, makes the correlation coefficient not statistically significant. The analysis reveals that innovation, measured by the ratio R&D espenses to sales, does not show any correlation with financial performance instantly, that is on the same financial year. Our results are consistent with the branch of studies according to which R&D activity has no effects on company performance. Conclusion- The analysis conducted does not prove the existence of a significant relationship between innovation and financial performance. A possible explanation can be found in the circumstance whereby the effect of research and development activities, as well as for all intangible assets, on the performance of companies is mainly observable in the medium-long term (what is known in the literature as the “lagged effect” of intangible assets on performance); therefore limiting the analysis to just one year does not allow us to fully grasp the impact itself. The conclusion reached is not to be understood in an absolute sense since innovation can also be measured by other indicators other than research and development expenses, such as the use of ICT, graduate employees, etc. Hence the possibility of further research developments and points of reflection considering the impact of R&D on the firm’s long-run performance and including other factors in the analysis. Keywords: Innovation, firm performance, financial performance, listed companies JEL Codes: G30, L29, O30,

Use of LLM for SMEs, opportunities and challenges

AI (Artificial Intelligence) and large language models such as GPT (Generative Pre-trained Transformer) have brought rapid and profound changes in the field of companies and the economy. These technologies offer new opportunities in automation, data-driven decision making, and customer service that can have a significant impact on companies' competitiveness and economic growth. At the same time, it is important to understand that the general application of GPT and AI alone does not guarantee a company's competitive advantage. There are many factors to consider, and the pros and cons must be weighed carefully. Ethical and legal issues such as data protection and non-discrimination are critical. In addition, adapting to technological development and a changing environment is key to long-term success. In this paper, the importance of corporate application of GPT and MI, advantages and disadvantages, ethical and legal aspects, challenges of regulation and development, as well as the importance of cooperation and training are reviewed. Pursuing reasonable and responsible use can enable companies and the economy to improve competitiveness while protecting society and the rights of individuals. The first part of this paper introduces the Generative Pre-Trained Transformer (GPT) and some key concepts related to ChatGPT. In the second part, the effects, opportunities, and limitations of GPT on businesses follow.

Review of Scenario Planning and Future Strategy of PT. Telkomsel's Fixed Mobile Convergence (FMC) Service Implementation

Purpose: This abstract provides a brief overview of a review article that explores the scenario planning approach and future strategies for the implementation of Fixed Mobile Convergence (FMC) services by PT. Telkomsel. This study aimed to analyze the limitations and contributions of scenario planning in shaping future strategies for FMC service implementation.
 Research methodology: This study uses a scenario planning method that aims to identify the driving forces for the future of the telecommunications industry in Indonesia in 2030, and then formulates a scenario for the future of telecommunications services in Indonesia, which is then used as the basis for recommendations for the company's business strategy for implementing PT. Telkomsel's FMC services, which will be carried out, are a qualitative method.
 Results: The research results found that, in the future, network coverage and technology will no longer be a competitive advantage for telecommunications companies in Indonesia. The research results show four future scenarios for the telecommunications industry in Indonesia: New Glory, Win Back Domination, Digital Colonialism and Business as Usual.
 Implementation: There is a phenomenon at PT. Telkomsel, where companies must always invest in additional infrastructure to meet customer bandwidth needs. PT. Telkomsel will implement fixed mobile convergence (FMC) services to increase a company's competitive advantage, but in implementing FMC services, companies must anticipate conditions that are changing (volatility), uncertain (uncertain), complex (complex), and unclear (ambiguity). (VUCA) to minimize future business risk. Therefore, scenario planning is necessary to create a corporate strategy.

Competitiveness Improvement Strategies of Msme Blora Batik: Analytic Network Process Approach

Purpose: This study aims to develop strategic priorities for increasing the competitiveness of Batik SMEs in Blora Regency   Theoretical Framework: Previous research in the field of company competitive advantage argued what approach is suitable to be used by MSME to grow sustainably. Sustainability of a company 's competitive advantage is influenced by the potential of existing resources (Grant, 1991).   Design/Methodology/Approach: This research was conducted in Blora Regency, Central Java, which is one of the regions in Indonesia that is rich in culture and local wisdom. Like other areas in Central Java, Blora has batik as a traditional craft which is quite popular. Until now, the Blora Regency Government continues to develop the sustainability of Blora batik through empowerment programs. The data analysis method used in this research is the Analytic Network Process (ANP) which is a mathematical theory that allows decision making to deal with interrelated factors (dependence) and mathematical feedback.   Findings: The findings in this study indicate that Batik Blora is a business unit that has the potential to develop and be competitive with various advantages. As a product that elevates regional advantages, it is necessary to increase business aspects that include upstream to downstream aspects so that the competitiveness of Blora batik can continue to increase.   Research, Practical & Social Implications: The most prioritized aspect in increasing the competitiveness of Blora batik is the aspect of the business cycle which emphasizes increasing innovation and diversification as well as increasing business productivity.   Originality/Value: This research is a research that focuses on the development strategy of Batik MSMEs with the ANP approach which has never been done before.

Competitiveness Improvement Strategies of Msme Blora Batik: Analytic Network Process Approach

Purpose: This study aims to develop strategic priorities for increasing the competitiveness of Batik SMEs in Blora Regency   Theoretical Framework: Previous research in the field of company competitive advantage argued what approach is suitable to be used by MSME to grow sustainably. Sustainability of a company 's competitive advantage is influenced by the potential of existing resources (Grant, 1991).   Design/Methodology/Approach: This research was conducted in Blora Regency, Central Java, which is one of the regions in Indonesia that is rich in culture and local wisdom. Like other areas in Central Java, Blora has batik as a traditional craft which is quite popular. Until now, the Blora Regency Government continues to develop the sustainability of Blora batik through empowerment programs. The data analysis method used in this research is the Analytic Network Process (ANP) which is a mathematical theory that allows decision making to deal with interrelated factors (dependence) and mathematical feedback.   Findings: The findings in this study indicate that Batik Blora is a business unit that has the potential to develop and be competitive with various advantages. As a product that elevates regional advantages, it is necessary to increase business aspects that include upstream to downstream aspects so that the competitiveness of Blora batik can continue to increase.   Research, Practical & Social Implications: The most prioritized aspect in increasing the competitiveness of Blora batik is the aspect of the business cycle which emphasizes increasing innovation and diversification as well as increasing business productivity.   Originality/Value: This research is a research that focuses on the development strategy of Batik MSMEs with the ANP approach which has never been done before.

БРЕНД РОБОТОДАВЦЯ: ПРОЦЕС ФОРМУВАННЯ ТА ДОСЛІДЖЕННЯ ЕФЕКТИВНОСТІ

The importance of conducting research on the peculiarities of employer brand formation and measuring the effectiveness of this process has been substantiated. The connection between the employer brand and various processes of personnel management: recruitment, personnel movement, motivation has been proved. Brand management is defined as the main component of strategic development. It is noted that the successful formation of the employer brand is a key element for ensuring the company's competitive advantages, attracting and retaining highly qualified personnel, which becomes a determining factor for its long-term success and sustainability in the market. To achieve competitive advantages, it is important to create an attractive employer brand that not only attracts attention but also retains talented professionals both within the company and in the marketplace. It is emphasised that building a successful employer brand requires careful analysis and consideration of various factors that affect the attractiveness of a company for potential and current employees. It is proposed to consider the employer brand as a perception of the company not only by employees, but also by other business communities with which the company interacts, since it includes such constituent elements as employee perception of the company, corporate culture, working conditions in the company, and the company's communication policy. It is emphasised that it is necessary to study the process of brand formation through the prism of changes and taking into account the latest trends. In particular, the work of companies in the context of war generates increased attention to the security component of the company. The main key reasons for studying the effectiveness of the employer brand formation process have been systematised. It is concluded that the basis of the methodology in studies of the effectiveness of employer brand building corresponds to various methods, theories and approaches that allow systematic analysis and evaluation of this important process. Modern business actively uses key strategic directions in the field of employer branding. These strategies not only attract and retain the best talent, but also help to reduce costs, improve financial performance and increase overall employee satisfaction.

Islamic Corporate Social Responsibility: CSR Practices by Islamic Microfinance Institutions in Lampung

Purpose: This article describes the practice of corporate social responsibility (CSR) adopted by Baitul Maal Wa Tamwil (BMT) in Lampung. This study also examines the literature on different views of CSR and how CSR can be rooted in organizational strategy so that it becomes an organizational competitive advantage. Methodology: A descriptive qualitative method was used in this study, in which the researchers conducted in-depth interviews with both BMT employees and beneficiary communities. Findings: This study found that Baitul Maal Wa Tamwil, which became the locus of research, namely BMT Assyafiiyah Berkah Nasional carries out CSR corporate social responsibility in several forms of programs both physical, facilitating and empowering in nature. The physical form is carried out by providing assistance for the construction of places of worship, Islamic boarding schools, the construction of drilled wells and a program to renovate livable houses. The form of facilitation is carried out by providing compensation, giving OTP (Sponsoring Parents), giving TPA incentives, community service cars and productive forms by giving rolling goats and providing business capital with a qordul hasan contract. This study recommends the need to increase the involvement of baitul maal wattamwil in the process of economic development in general, because the practice of corporate social responsibility will contribute not only to increasing the company's competitive advantage but also to increasing community empowerment. For the company, CSR will also ensure the company's sustainable growth due to improved image and increased customers leading to increased profitability.

Business Strategy and Competitive Advantage of Companies

The purpose of this paper is to identify and describe the role of culture and strategic choices in achieving competitive advantage for companies. The research methodology uses a systematic literature review that includes international journals that discuss strategic management. From several journals, an analysis was carried out and a common thread was drawn to get a scientific understanding related to the topic and title of this article. The results of the study indicate that in doing business across countries, it is very necessary to understand the right culture so that the company's presence can be accepted by the community. Companies can achieve competitive advantage by applying the right strategy to the right industry structure or by combining strategies and resources. Companies can implement strategies as needed and do not have to imitate all strategies, for example, companies in Japan only apply Porter's two strategies, the most of which are overall cost advantages, while the second is differentiation, while others use the original Japanese strategy.   Keywords: Business strategy, competitive advantage, and company

The Influence of Organizational Culture and Change Management on Company Performance Through Competitive Advantage at PT. Sarana Abadi Makmur Bersama

This research aims to determine the influence of organizational culture and change management through competitive advantage on company performance at PT. Sarana Abadi Makmur Bersama. The research was carried out using a quantitative approach. The population is 435 employees with a sample of 87 respondents. The data collection technique uses a questionnaire which will be distributed to respondents by random sampling. Data analysis techniques use descriptive analysis, path analysis, regression analysis, and the Sobel test. The conclusion of the research is that competitive advantage is able to mediate organizational culture and change management on company performance at PT. Sarana Abadi Makmur Bersama. The main findings based on statistical results show that the greatest influence is from direct influence, namely: the change management variable with a beta value of 0.395 then organizational culture with a beta value of 0.297. The suggestion for companies is to focus more on improving change management and organizational culture which will make a greater contribution to improving company performance and increasing the company's competitive advantage.

Performance Management Framework for Circular Economy Strategies

The existing literature emphasizes the importance of performance management as a vital component for increasing any company's competitive advantage. Companies can base their performance management on a variety of tools. In today's circular economy, managing companies’ performance in terms of not just financial but also environmental concerns has become a strategic decision. Indeed, the study directions on performance management for circular economy strategies are diverse and quite scattered. This paper aims to propose a performance management framework under the balanced scorecard approach to be considered for the circular economy strategies implementation. A bibliometric approach was used to reveal the main directions of previous studies in performance management and circular economy strategies. Results revealed that the indicators of performance management under the balanced scorecard approach to be considered for the circular economy strategies implementation are various.

The impact of tax reform on corporate green transformation — Evidence based on the value-added tax retained rebate

This paper empirically investigates the tax system reform as an important factor driving corporate green transformation. Empirical results indicate that government's implementation of a tax system reform, mainly based on the value-added tax (VAT) retained rebate, can significantly enhance the level of corporate green innovation and promote corporate green transformation. Further research reveals that the promoting effect of the tax system reform on corporate green transformation is more pronounced in non-state-owned enterprises and in companies with high financing constraints. Overall, the research results have significant practical implications for further improving corporate resource allocation and fostering new competitive advantages for companies.

The Strategic Role of the HR Department in Increasing the Company's Competitive Advantage (Case Study of Madura Batik Jokotole Collection)

Excellence in competition is greatly influenced by human resource management strategies. By implementing appropriate human resource management strategies, it is hoped that companies can utilize the advantages of their human resources to support the achievement of competitive advantage. In the context of this phenomenon, the author feels interested in conducting research on the Jokotole Collcetion Madura batik company using a qualitative approach. The results of this research indicate that human resource management has a key role in linking company strategy with performance achievement, organizational culture development, innovation, and flexibility.