Competitive Business Environment Research Articles

Understanding the Dynamics of Employee Commitment in the Relationship with Strategic Human Resource Management Practices

In the contemporary business landscape, I acknowledge human resources as a paramount asset for modern enterprises, capable of elevating organizational performance. This study delves into the intricate dynamics of employee commitment to strategic human resource management within a prominent insurance company in Cagayan de Oro City. Employing a descriptive correlational research design, the investigation utilizes regression analysis to elucidate the variability and inherent relationships between key variables. To encompass insights from a total population of 143 respondents, the study meticulously analyses data through both descriptive and inferential statistics. Additionally, the research employs free Jamovi software to conduct a mediation analysis. The results unveil a notable and affirmative correlation between strategic human resource management (SHRM) practices and employee commitment. Furthermore, the findings underscore significant positive correlations between distinct dimensions of employee commitment and diverse facets of organizational performance. Conclusively, the study accentuates the pivotal role of effective SHRM practices in fostering employee commitment within the foremost insurance companies situated in Cagayan de Oro City. This underscores the strategic importance of aligning human resource management with organizational goals for enhanced performance and overall success in the competitive business environment.

Impact of Related Diversification Strategies on Organizational Performance among Star Rated Hotels in the Kenyan Coast

Purpose: For any organization to succeed in the present competitive and ever-changing business environment, understanding the risks, opportunities, and strength posed by the external environment is inevitable. Organizations must exploit opportunities and avoid risks by applying relevant strategies and developing various strategic approaches that will improve their competitive edge and overall performance. One of the possible ways to improve business efficiency and performance is through diversification. The purpose of this study was to assess the applicability of a diversification strategy as a game plan to motivate and develop resilience against organizational and environmental forces in business operations to improve organizational performance in star rated hotels in the Coastal Kenya. The specific objectives was; to determine the impact of related diversification strategies on organizational performance among star rated hotels in coastal Kenya Coastal.
 Materials and Methods: Notably, 36 star rated hotels were selected while 419 respondents were involved which comprised; strategic managers, tactical and operational managers. This represented a response rate of 92.4% and 80.6% for the questionnaires and interviews respectively. Stratified sampling was used to select the hotels while purposive sampling was used to select the managers. Questionnaires and interview schedules were used during data collection. Data analyze was both analyzed using both descriptive and inferential analysis. The mean for overall adoption of horizontal diversification strategies was 3.94 (std. dev=0.92) while vertical diversification strategies was 3.28 (std. dev=1.13) which was significant. The mean on overall adoption of related diversification strategies was 3.60 (std. dev=0.95), demonstrating that related diversification strategies have on overall been adopted to a large extent.
 Findings: The model summary results indicates that R-Square=0.598; this implies that 59.8% of performance is explained by vertical and horizontal diversification strategies. This implies that, both horizontal and vertical diversification strategies were significantly adopted in the operation and management of hotel business in the coast region of Kenya. The null hypothesis stating, “There is no significant relationship between vertical diversification strategies and performance of star rated hotels along the Kenyan Coast” was rejected. This means that horizontal and vertical diversification strategies are significant predictors of performance of star rated hotels in the Kenyan Coast. From the regression model, horizontal and vertical diversification were found to have a positive effect that was statistically significant on performance of star rated hotels in the Kenyan Coast.
 Implications to Theory, Practice and Policy: Policy makers should initiate policies that motivate organizations such as hotels to practice diversification to minimize negative impact on both financial and non-financial performance aspects.

OPTIMIZING MSME COMPETITIVENESS IN THE DIGITAL ERA THROUGH INNOVATION CAPABILITY, AND CUSTOMER RELATIONSHIP MANAGEMENT

The main aim of this research is to analyze the influence of innovation capability and customer relationship management on MSME competitiveness. This research uses a literature and field research design with a causal associative approach. This study uses a research instrument test consisting of validity and reliability tests. The quantitative analysis consists of a normality test, regression test, hypothesis test, correlation test, and coefficient of determination. The research results conclude that innovation capability and customer relationship management have a positive and significant effect on MSME competitiveness. The implications of this research state that the ability to create innovative products or services can differentiate a company from its competitors in the market. Innovation allows companies to offer something unique and added value to customers. With a deeper understanding of CRM, MSMEs can identify new opportunities, optimize marketing strategies, and increase customer retention to improve MSME performance, growth and sustainability in an increasingly competitive business environment.

Analisis Akuntansi Kombinasi Bisnis Dengan Konvergensi IFRS Pada Laporan Keuangan Perusahaan

In today's competitive business environment, there are many companies that look like a single entity when in fact they are made up of several separate companies. Some of these companies conduct business combinations consisting of mergers, acquisitions, and consolidations. In conducting these business combinations, there are regulations that govern, namely PSAK 22 as a result of IFRS convergence. This study aims to further analyze business combinations with IFRS convergence. The research method used is a quantitative engineering approach by focusing on literature review. The results of this study indicate a change in the purchase method to goodwill impairment testing, adjustments to non-controlling interests, and more detailed disclosures.

Streamlining Operations: The Impact of Effective Supplier-Manufacturer Relationships

Supply Chain Management (SCM) plays a crucial role for firms striving to maintain competitiveness amidst numerous competitors. In the contemporary business landscape, firms enhance their competitiveness by efficiently relying on their supply chain Moreover, an effective and efficient supply chain has become a vital and valuable means for staying vigilant in the evolving and competitive global business environment, contributing to overall organizational performance improvement. The term "supplier-manufacturer partnership" refers to the relationship established when a manufacturer and supplier mutually agree to collaborate based on a specific contract. This research study is quantitative in nature with population in the vicinity of Rawalpindi & Islamabad working either as manufacturer of goods or are providing the services or in the service business. Simple random sampling technique has been utilized in cross-sectional time horizon. SPSS version 22.0 was used as statistical software to carry out the analysis. The findings suggest that a stronger partnership correlates with improved supply chain performance. Furthermore, the statistical tests conducted in this research underscored the significance of business value addition, communication and trust as the most influential factors contributing to enhanced supply chain performance and overall profitability. The study also unveiled that the partnership strongly affects information flow. Moreover, when information is effectively managed, and its quality is enhanced, it fosters strong partner relations, ultimately leading to improved supply chain effectiveness and heightened performance.

Faktor Penghambat Perlibatan Dan Pemberdayaan Karyawan Implementasi Pelibatan Dan Pemberdayaan Karyawan Penghargaan Karyawan Dan Pengakuan Prestasi Karyawan

Involvement and empowerment in quality is a series of ongoing activities, the implementation of which requires a significant amount of time, energy and costs. Inclusion and empowerment are closely related to the behavior of human resources in the organization. The type of research used is library research or literature study where researchers rely on various literature to obtain research data and use a qualitative approach because the data produced is in the form of words or descriptions. In today's competitive business environment, employee empowerment has become an important concept in human resources. The employee empowerment process allows employees to play an active role in decision making in an organization to increase the alignment of personal goals with organizational goals.

TRENDS IN THE SCIENTIFIC LITERATURE ON THE LEAGILE SUPPLY CHAIN: BIBLIOMETRIC AND CITATION CONTEXT ANALYSES

TRENDS IN THE SCIENTIFIC LITERATURE ON THE LEAGILE SUPPLY CHAIN: BIBLIOMETRIC AND CITATION CONTEXT ANALYSES

The Effect of Motivation and Compensation on Employee Performance in South Tangerang

This research investigates the impact of work motivation and compensation on employee performance in South Tangerang, addressing the critical need for organizations to optimize human resources for strategic goals in a competitive business environment. The study aims to contribute insights into designing effective human resource management strategies that encourage maximum employee contributions, encompassing financial aspects, career development, and recognition of achievements. The hypotheses posited are work motivation influences employee performance, Compensation influences employee performance, work motivation and compensation jointly influence employee performance. Sampling was conducted in various locations in South Tangerang City, Banten, from September to October 2022. The analysis employs SPSS version 22, utilizing a statistical approach to objectively test the proposed hypotheses and obtain measurable results regarding the relationship between workforce motivation, compensation, and employee performance. The findings reveal that work motivation and compensation significantly impact employee performance, as evidenced by low significance values on regression coefficients, indicating a robust positive relationship. The linear regression model demonstrates that approximately 33.5% of the variation in employee performance can be attributed to work motivation and compensation. This research offers a profound understanding of key factors for organizations to enhance productivity and contribution. Recommendations include prioritizing work motivation and ensuring adequate compensation to achieve optimal performance. While acknowledging additional factors influencing employee performance beyond this study's scope, these insights provide valuable guidance for human resource management strategies.

Проблеми вибору та реалізації стратегії конкурентоспроможності у контексті забезпечення розвитку ТОВ «УА.КОНСАЛТИНГ» на європейських ринках

The article examines and studies the essence of competitiveness and the choice of an effective com-petitive strategy in various literary sources, scientific studies, and current regulations. According to the literature, all authors emphasize that for an enterprise to operate effectively in a competitive industry, it is necessary to have its own competitiveness strategy, which is formed as an action plan for obtaining a sus-tainable competitive position. Moreover, there are many types of competitive strategies, from which an enterprise can choose the most optimal one according to its capabilities and resources. In today's highly competitive global business environment, achieving and maintaining competitive-ness is a top priority for businesses seeking to enter new markets. This article provides an overview of the specifics of selecting and implementing effective competitive strategies in the context of ensuring the de-velopment of an enterprise in European markets. The authors also analyze the company's activities in various areas. First, was analyzed the general management system of the enterprise, its organizational structure, and characterized each management function used at the enterprise. Based on analysis of the company's activities, the problems of choosing and implementing competitiveness strategies were investigated, and the two most important ones that need to be addressed were identified. Using a full analysis, the article not only identifies these challenges, but also proposes strategic ideas and plans to overcome them. It delves into the development of systematic approaches to solving existing problems related to the choice and implementation of the strategy. Strategies may include market segmen-tation, product adaptation, market entry, etc., each of which is tailored to the unique characteristics of European markets. In addition, the authors discuss in detail the methods and techniques for the effective implementation of the selected strategies. They explore issues such as resource sharing and strategic coordination, which are crucial for the successful implementation of competitiveness strategies. It is vital to ensure that the chosen strategies are aligned with the company's core competencies and long-term goals, which will allow the company to create a sustainable competitive advantage in European markets.

Implementation of Go Public in Indonesia at PT. Astra International

In Indonesia's competitive business environment, many companies compete to be at the forefront of their fields. The capital market is one way for companies to obtain sources of funds to support their operations. Through a public offering, a company can sell shares to investors, and this process is known as "going public." Many companies see going public as a way to improve their image, while gaining capital for expansion, product development, and business combinations. By going public, companies, such as PT. Astra International Tbk., hopes to strengthen their financial structure, improve performance, and achieve planned expansion goals. The purpose of this writing is to 1) To find out the process of a company in Indonesia to become a Go Public company. 2) To find out about the implementation of Go Public carried out at PT. Astra International. The results of this research show that going public is the process of offering shares or other securities to the public as regulated by Law no. 8 of 1995 concerning Capital Markets and its implementing regulations. PT. Astra Internasional Tbk, which was listed on the Jakarta Stock Exchange since April 4 1990, has undergone this transformation. Although going public brings benefits such as access to greater funding sources, this change in status also brings new responsibilities and consequences that the company must bear.

Roles of Price on Rebates and Implication to Customer Product Choice

A comprehensive comprehension of the various factors influencing consumer purchasing decisions is crucial for success in the highly competitive business environment. The findings of this study examine the significant role that price and discounts (rebates) play in consumer decision-making. The study's findings emphasize the considerable influence of price on consumers' decision-making regarding product selection. Consumers tend to seek out more affordable alternative options when there is an increase in the price of a product. Nevertheless, in the event of a compelling discount, consumers tend to transition and opt for the alternative product swiftly. Furthermore, this study demonstrates that individuals' financial capabilities impact their decision-making process when it comes to selecting products. Consumers exhibiting elevated financial capacities are inclined to prioritize personal preferences when making product selections rather than solely focusing on price considerations. This observation indicates that individuals with greater purchasing power are afforded a more comprehensive range of options when selecting products. However, it is imperative to exercise caution as price similarity assumes a significant role in consumers' decision-making process. Consumers tend to favor products that align with the price they have paid. Nevertheless, the analysis findings suggest the necessity for additional research to gain a more comprehensive understanding of this correlation. In addition, the discounts provided by companies also impact consumers' perceptions of prices and their financial capacities. Discounts can significantly impact consumers' perceptions of product prices, enabling them to select items previously perceived as unaffordable. This study offers significant insights into the impact of price, discounts, and financial capabilities on consumer purchasing preferences. The findings of this study establish a robust basis for corporations to develop enhanced marketing strategies, considering the significant influence these variables exert on consumer decision-making processes. Enhanced comprehension of consumer behavior enables companies to attain heightened levels of success within a fiercely competitive market

Understanding the Nexus between Customers Satisfaction with Product Quality and Branding on Consumer Loyalty: The Case of Consumers of Les Brasseries du Cameroun Products in the Buea Municipality

Purpose: Companies are today struggling for survival in a very competitive business environment. It has become very important for them to identify the factors that influence customers’ loyalty to various products and how these factors are connected to the choices consumers make, hence their loyalty to the products they chose. This study examines how often consumers use various Les Brasseries du Cameroun products and test to what extent consumer loyalty depends on consumers’ satisfaction with branding and quality of the company’s products.
 Methodology: Using survey method, a total of 390 questionnaires were administered to consumers of Les Brasseries du Cameroun products who were resident in the Buea municipality. 380 questionnaires were properly filled and returned.
 Findings: The findings reveal that a majority of the respondents had never consumed any of the alcoholic beverages (33 Export, Mützig, Castel and Beaufort) produced by Les Brasseries du Cameroun as compared to non-alcoholic beverages (Djino, Top Grenadine, Top Orange, Top Pamplemousses, Top Anana and Malta Tonic). The data also suggest that the higher the rate of satisfaction amongst consumers with branding and the quality of Les Brasseries du Cameroun products, the more they agree that branding and product quality influenced their loyalty and vice-versa. The level of significance of these findings was further confirmed using linear regression in which the significance value of 0.000<0.05 was recorded in each of the cases. Therefore, both satisfaction with branding and quality of Les Brasseries du Cameroun products significantly influence customers’ loyalty to the company’s products.
 Unique Contribution to Theory, Practice and Policy: The findings validate the cognitive dissonance theory in the sense that, a consumer who is unsatisfied with any aspect of a product like quality, may look for other reasons, like his or her satisfaction with product branding to reduce any inconsistency within to remain loyal.

A Study On Workers Effectiveness And Business Performance With Reference To Leadership Style And Their Influence

The main focus of today’s competitive business environment is leadership. The upliftment of our society through generations has gone through the various leadership styles, yet despite the contributions and investment in leadership development, there is a fall in the qualities of leadership. Leaders create empowering organizational cultures that produce long-term successful outcomes. Organizational performance is more likely to be influenced by the leadership styles and culture prevailing in the environment. Hence, this study examines the influence of leadership styles and organizational culture on the performance of the employees in chemical companies.

Message Characteristics and Students’ Preference of Noodles in Uyo, Akwa Ibom State

In the current competitive business environment, some businesses lose market share because customers do not buy their products or the message they get from their advertisements does not captivate their interest. This study examined how message characteristics affect students' preferences for selected noodles in Uyo. The specific objectives were to ascertain the extent to which the novelty of the advertising message, worthiness of the advertising message courteousness and use of conversational tone in the advertising message influence the preferences. To achieve the objectives of the study, a survey research design was adopted. The researchers utilized primary data through the use of a structured questionnaire. The population of the study was 44,631 students, 200 of them constituted the sample after adopting a purposive and multistage random sampling. The hypotheses were tested with both simple and multiple linear regression analysis. The simple regression analysis was used to test hypotheses one and two, while multiple regression was used to test hypotheses three. The findings revealed that novelty, newsworthiness, courteousness and the use of conversational tone significantly influence the preference for noodles in the study area. The study concluded that message characteristics of a product convey core information about the product and aid the consumer in making an informed decision about the product, as information is an integral part of marketing activity and that message characteristics perform an important role in marketing communications at the point of sales since they are important elements of modern lifestyle and branding process. It was recommended that noodles-producing firms maintain the novelty of the advertising message to enhance their level of consumer preference.

An investigation of Internet Service Provider selection criteria: A systematic literature review

In today’s highly competitive business environment, organizations need to collaborate with strategic partners to provide high quality services at lower cost to maintain their effectiveness and efficiency. Hence, the concept of Supply Chain Management (SCM) emerged to effectively coordinate and manage financial, physical, and information activities within organizations and among all participating external parties. Qualitative and quantitative factors must be considered in SCM to ensure sustainable development. The research investigates the metrics and criteria influencing the process of selecting an Internet service provider (ISP) from 2001 to 2022 to assess the extent to which these factors have met the requirements of current decision-makers. It is appropriate to conduct a literature review in light of the changes in the purchasing process and determine its suitability for choosing an ISP. A comprehensive literature review of 51 articles published during the above period was conducted to ensure coverage of the latest ISP selection criteria. The results indicate a decline in the importance of criteria related to cost and prices and an increase in the importance of criteria such as quality, reliability, and performance, as evidenced by their repeated mention in the literature.

Ethical Leadership in Information Technology Decision Making and its Impact on Risk Management

In the rapidly growing digital era, information technology has become an integral part of almost all aspects of our lives, including in the world of business and management. Appropriate and effective use of information technology is the key to achieving competitive advantage in today's competitive business environment. However, making decisions related to information technology is not an easy task, as information technology is often complex and high-risk. The purpose of this study is to analyse ethical leadership in information technology-related decision making and its impact on risk management. The method used is a qualitative literature review that focuses on an in-depth understanding of the topic in the time span from 2006 to 2023. The main objective of this method is to identify, analyse, and synthesise relevant scientific literature that has been published in various journals, conference papers, and other academic sources accessible through Google Scholar. The study results show that ethical leadership plays a central role in ensuring that IT-related decisions are taken with ethical principles in mind and with the aim of minimising risk. Ethical leadership contributes to the avoidance of data misuse, creating a culture of transparency and accountability, ensuring fair use of technology, and being mindful of the impact of IT decisions on society and the environment.

Impact of Training and Development on Organizational Performance: a Mediating Role of Employee Performanceimpact of Training and Development on Organizational Performance: a Mediating Role of Employee Performance

The study aims to examine the impact of training and development on organizational performance, with a mediating role of employee performance. The importance of Human Resource Management (HRM) practices in achieving organizational success has gained recognition, as organizations realize that it is people who drive their performance. However, many companies have not fully embraced HRM practices, including training and development, due to affordability, fear, or a lack of understanding of their value and contribution. The primary objective of HRM is to ensure organizational success through a competitive, competent, and self-motivated workforce. Rigorous HRM practices, particularly training and development, play a vital role in achieving this objective. Extensive research has been conducted to establish the connection between HRM practices and organizational performance, and numerous studies have found positive relationships between them. This study will be investigating the impact of training and development on an organizational performance. Additionally, the study aims to examine the mediating role of employee performance between HRM practices and organizational perceived performance. The findings of this study will be contributing to the existing body of knowledge on HRM practices and their impact on organizational performance. It will provide insights into the significance of training and development in enhancing employee performance and subsequently driving organizational success. The study will also shed light on the mediating role of employee performance in the relationship between HRM practices and organizational perceived performance. By understanding the linkages between training and development, employee performance, and organizational performance, organizations can make informed decisions about the implementation and improvement of HRM practices. Ultimately, this study aims to highlight the importance of effective HRM practices, particularly training, and development, in achieving organizational success in today's competitive business environment.

Influences of omnichannel integration and value congruence on customer patronage: the flow theory perspective

ABSTRACT Omnichannel retailers face the elusive challenge of maintaining customer patronage in the current competitive business environment. Drawing upon the flow theory and literature on omnichannel integration, this study investigated how different types of omnichannel integration (i.e. informational, transactional, and relational integration) influence customer patronage through the flow experience. Additionally, this study examined the potential moderating role of retailer-customer value congruence in the impact of omnichannel integration. We collected survey data from 292 omnichannel customers to test our research model. The results showed that the flow experience mediated the positive effects of transactional integration and relational integration on customer patronage. Additionally, value congruence positively moderated the effects of informational integration and relational integration on the flow experience. The implications and limitations of this study are further discussed.

Effect of Pre-Contracting Procurement Practices on Supply Chain Performance of Road Authorities in Kakamega County, Kenya

The study focused on the effect of pre-contracting procurement practices on the supply chain performance of road authorities in Kakamega County, Kenya. Implementing and adopting the procurement Contracting practices in public institutions have continuously faced challenges due to their complexity and lack of resources, which directly impact supply chain performance. Institutions are operating in a competitive business environment with many players, and massive changes are taking place daily to improve their performance. The key to optimal performance is understanding the contributions of pre-contracting procurement practices. The study covered three road authorities with regional offices in Kakamega County: Kenya National Highway Authority (KeNHA), Kenya Urban Road Authority (KURA), and Kenya Rural Roads Authority (KeRRA). The study adopted system theory. The study employed the causal research method to explain the causes and effects of the variables. The target population was 48 respondents, comprised of supply chain officers, road officers, and account officers on the road authorities. A census method was employed in the study. Structured questionnaires were used as data collection instruments. Pilot testing was conducted in Vihiga County. The data was analyzed using descriptive and inferential statistics. The data was presented using tables and figures. A Likert scale was used to determine how strongly variables agreed or disagreed with statements on a five-point scale. Regression analysis shows that pre-contracting procurement practice had no significant effect on supply chain performance in the road authorities of Kakamega County, Kenya (t = 0.605, P > 0.05). This means that road authorities in Kakamega County that effectively implement pre-contracting procurement practices are more likely to have high-performance supply chains. The findings of this objective indicated that pre-contracting had P 0.05 and contributed to 0.8% of the changes in supply chain performance. Therefore, according to the study, the institutions need to re-examine their procurement practices so as to capitalize on areas that improve supply chain performance.

ANALISIS DAN EVALUASI IMPLEMENTASI SISTEM ERP (ENTERPRISE RESOURCES PLANNING) PADA PT PETROKOPINDO CIPTA SELARAS

Utilization of Information Technology is a solution for PT Petrokopindo Cipta Selaras in facing this increasingly competitive business environment. In order to realize the company's commitment to both corporate value and customer value, PT Petrokopindo Cipta Selaras implements an ERP (Enterprise Resources Planning) system to increase the effectiveness of company management. The purpose of this study is to analyze and evaluate the implementation of the ERP system used by PT Petrokopindo Cipta Selaras. The method used is using a qualitative approach with the action research method. This research was conducted by direct observation and interviews with users of the company's ERP system. The results of the study concluded that with the implementation of the ERP system in general the implementation has been going well, this can be seen from the implementation of the ERP system, it is easier for companies to make business decisions because the existing data is integrated, updated and accurate. However, the company also still needs to monitor the system because there are several obstacles that make the ERP system not run optimally.