Competitive Business Strategy Research Articles

The Relationship between Emotional Intelligence and Innovative Work Behavior

Researchers agree that innovation is one of the competitive business strategies to ensure sustainability of local small and medium sized enterprises (SMEs) in the global market. However, the level of innovative work behavior (IWB) among Malaysia’s SMEs is not encouraging. Studies have claimed that emotional intelligence as one of the precursors of innovative workbehavior. Emotional intelligence (EQ) enables employees to disseminate and implement innovative ideas more effectively as they have the abilities to understand and manage their own emotion and others. Thus, this study aimed to examine the relationship between emotional intelligence and its respective dimensions with innovative work behavior among employees working in food and beverage (F&B) medium sized enterprises. The research is quantitative research questionnaires as data collection method. A total of 400 questionnaires were collected from F&B medium sized enterprises’ employees located at Selangor, Kuala Lumpur, Johor, Perak, and Penang via quota sampling. Descriptive analysis confirmed that the level of IWB is moderate in line with previous studies. EQ explained 25.7% variance in IWB with self-management has the strongest influence. This finding implies that selection and hiring of employees should consider the use of EQ for testing.

MARKETING DOMINANT IN MODELS OF ENTREPRENEURIAL STRUCTURES INNOVATIVE POTENTIAL DEVELOPMENT FOR COMPETITIVE BUSINESS STRATEGY REALIZATION

The economic entities competitiveness is determined by their ability to create consumer values. Consumer markets dynamic requires mobility in the competitive strategic choice that means it requires those innovative potential components predominant development that provide enterprises with such mobility. The paper aims to form theoretical bases of business structures innovative potential development to improve their dynamic characteristics and increase the ability to implement competitive business strategies. Innovations theory, competitive advantages resource theory, concepts of strategic management, network structures and marketing relationship have been chosen as the research theoretical basis. Based on the machine-building products dynamic and export structure analysis and the Ukraine industrial enterprises innovative activity results, the assumption that their innovative potential do not correspond to the competitive strategies objectives has been suggested. It has been substantiated that the innovative potential development management should be considered in terms of improving the enterprises adaptive and proactive flexibility and that is provided by the marketing function. Based on the above the model of enterprise competitive business strategy selection considering the possibility of building up innovative capacities through the strategic partnerships development has been designed. The motivational environment impact on the partnerships value has been formalized and the task of marketing relationship in this process have been identified. The research results can be useful for the dynamic characteristics and economic systems competitiveness development.

Determinants of “green entrepreneurship” competitive strategies implementation in the agro-industrial sector of Ukraine

“Green entrepreneurship” practice dissemination is one of the “sustainable development” concept strategic goals. In agro-industrial sector this practice involves the business processes environmental optimization, which requires significant investments for technological changes and limits the competitive strategies variability for small and medium enterprises. Ukraine’s agricultural sector “green entrepreneurship” projects investing analysis confirmed that they mainly involve big business. This updates the problem of “green entrepreneurship” competitiveness increasing. This article purpose is to substantiate vectors and modalities for participatory development of agro-industrial business network for realization the competitive business strategies in the “green business” field. It has been emphasized that the membership and the business network structure should provide business processes adaptive and proactive flexibility. It has been identified this flexibility determinants in the structure of the participants innovative potential, which can accumulate specific resources and competencies for the “green” entrepreneurship competitiveness. The scheme of formation the specific resources owners’ strategic partnership for the competitive business strategies realization has been developed. It has been indicated that in the agricultural sector this allows to increase the joint innovation potential for cleaner production in all parts of the value chain. It has been recommended to coordinate the strategic priorities of the participants on the methodological basis of the game theory, which will contribute to the partnership stability and effectiveness.

Ensuring the Competitiveness of the Ukrainian Woodworking Industry in the Post-Pandemic Period

The woodworking industry is one of the most critical components of the forest sector in Ukraine and world countries. This paper aims to develop directions for ensuring the competitiveness of the woodworking industry in the post-pandemic period. The study resulted in the elaboration of the theoretical framework for identifying the main substantive determinants of industrial competitiveness in world countries through bibliometric analysis using VOSviewer v.1.6.10. The conducted cluster analysis provided for the identification of 4 clusters of scientific research dealing with issues of industrial competitiveness (Cluster 1 is focused on the formation of a competitive business strategy for the development of industrial enterprises; Cluster 2 – on the development of the export-import potential of industrial enterprises; Cluster 3 – on the identification of relationships between ensuring industrial competitiveness and globalisation processes; Cluster 4 – on the implementation of Industry 4.0 and innovative technologies). The obtained theoretical conclusions and generalisations became the basis for forming a system of indicators for assessing the competitiveness of economic activities in the country's woodworking industry. An integrated assessment of the competitiveness of the woodworking industry in Ukraine and world countries was carried out. Using cluster analysis (k-means), world countries, including Ukraine, were clustered according to the value of composite indicators for assessing the competitiveness of individual economic activities in the woodworking industry. Ukraine fell into the cluster characterised by the high competitiveness of individual economic activities in the woodworking industry. Measures were formulated to ensure the competitiveness of the Ukrainian woodworking industry in the post-pandemic period.

The Influence of Marketing Strategies on Growth and Sustainability in the Original Equipment Manufacturing Industry

The aim of this study was to assess the influence of marketing strategies on growth and sustainability in the OEM industry in Zambia. Based on Porter’s Generic Competitive Business Strategies, the study identified the major bottlenecks in the currently employed marketing strategies and assessed the relationship between Porter’s generic strategies in achieving KPI’s. A quantitative survey with structured questions was administered through self-completion questionnaires to 40 respondents, representing a 95% response rate. A descriptive research design was used and a quantitative research strategy used. IBM SPSS was used for correlation analysis, to assess the strength of the relationship between variables. The results indicated that at a 1% level of significance, the Pearson correlation coefficient of 0.01 and 0.000 at sig. (2-tailed) ket share growth. However, the results indicted a Pearson correlation coefficient of 0.015 and 0.036 which was not statistically significant at sig. (2-tailed)

How Small Business Competitive Strategies Affect Business Performance by CEO leadership types

How Small Business Competitive Strategies Affect Business Performance by CEO leadership types

Horizontes estratégicos empresariales en América Latina ante la pandemia generada por la COVID-19

La pandemia generada por COVID-19 conllevó a gobiernos de todo el mundo a tomar decisiones para prevenir contagios masivos, conduciendo al sector empresarial a cesar temporalmente gran parte de sus actividades. Con ello se vio afectado el flujo de ingresos para poder cumplir los compromisos financieros y acuerdos laborales establecidos obligando a ejecutar nuevas acciones para atender los mencionados compromisos, así como afianzar otras para mantener activos los procesos organizacionales, el flujo de información y el sentido de compromiso empresarial. Ante esto, el objetivo del presente trabajo es describir las estrategias que implementan las empresas en América Latina en tiempos de pandemia COVID-19. Para ello se recurrió a un tipo de investigación documental consultando a Maldonado (2018), Botsman (2013), Alarcón y Pombo (2020), entre otros, así como a recursos de fuentes institucionales, gubernamentales y empresariales en la región. Se concluye que el horizonte de las estrategias empresariales responde a una crisis sistémica generada por la pandemia y, para no naufragar en ella, las empresas emplean estrategias empresariales interactivas y competitivas orientadas hacia la apertura de mercados, preservación de la salud y seguridad del ser humano, e independencia laboral.

ANALISIS STRATEGI BERSAING TOKO ROTI X BERDASARKAN IE- MATRIKS

The bakery industry is one of the contributors to economic growth in the food and beverage industry sector. The growth of the bakery industry is influenced by changes in urban lifestyles where people are now accustomed to consuming bakery products for breakfast, to eat with coffee and so forth. PT. X is a bakery company that was founded in 2004 and is located in Bandung City. The increase in demand for bakery products has influenced this company to better understand its company's position so that it can determine the right strategy going forward to compete with competitors.This research uses a case study method. The data analysis technique uses PESTEL analysis, Porter's 5 Forces, Internal Environmental Analysis which will then be calculated by IFE & EFE Matrix to determine the company's position.The results showed that at this time PT.X is in quadrant I in IE Matrix. This shows that the influence of strengths and weaknesses has a greater influence on business activities and production. Therefore, the most appropriate strategy to use is an intensive strategy or integration strategy.Keywords: Competitive Business Strategy, SWOT Analysis, Bakery Industry

Modified Carroll’s pyramid of corporate social responsibility to enhance organizational performance of SMEs industry

Research questions/issuesThe study seeks to examine Carrolls’ pyramid model in small-medium enterprises (SMEs) as an effective business strategy for organizational performance enhancement in industry of developing country which is in the initial phase of Industry 4.0 advance. The Corporate social responsibility (CSR) pyramid is important tool for fostering environmentally-sustainable manufacturing by having green manufacturing processes, green supply chain management, and green products and holds that firms should engage in relevant decisions, actions, policies and practices that simultaneously fulfill all component parts: ethical, legal, economic, philanthropic and environmental. Research findings/insightsOrganizational innovation as a mediator and corporate image as a moderator were incorporated in the modified conceptual model of Carroll’s pyramid. 888 valid responses from Small medium enterprises (SMEs) professionals in Pakistan manufacturing sector were collected, and then the structural equation modeling (SEM) based multivariate and conditional process modeling approaches were employed to conduct the investigation. Results demonstrated that the dimensions of modified Carroll’s pyramid of CSR have an affirmative and positive impact on the organizational performance of industrial SMEs if they were properly addressed in their innovation strategies. The findings further concluded that organizational innovation and corporate image are the significant mediator and moderator respectively between the dimensions of Carroll’s pyramid of CSR and the organizational performance that further enhance the organization performance and productivity in terms of ethical and sustainable business development and overall bottom line in the light of industry 4.0 approach. The outcomes confirmed that the inclusion of Industry 4.0, Cleaner Production, and Circular Economy concepts in the SME sector provides a synergistic business opportunity that intent to payback towards sustainable development by improving environmental management, production efficiency, and socially sustainable development for SMEs. Theoretical/academic implicationsThis study provides empirical support for the modified Carol’s pyramid in industrial SMEs following Industry 4.0 approach. As such, it suggests new avenues of research for both the Industry 4.0 literature, as well as for the studies in CSR and organizational performance perspective. Practitioner/policy implicationsOutcomes of this study suggest the senior managers of SME in industrial sector that implementing the modified CSR model would be an innovative and competitive business strategy in industry, which can effectively improve the organizational performance in terms of ethically, ecologically, and economically through organizational innovations and allows to foster Industry 4.0 development.

Financially Ever After: A Thesis on Cryptocurrency and the Global Financial Economy

This paper reveals the struggle for regulatory balance between ensuring progressive innovation and stifling fraudulent sophistry in the emerging disruptive blockchain economy. With a particular focus on cryptocurrencies, it envisions a practical solution in technological advancement that combines economic considerations and monetary policy in the roll-out of and implementation of a framework for the health of the financial economy - the Competitive Popularity Approach (CPA). The CPA framework is a three-part framework that draws from elements of market capitalisation, competitive business strategies and technological advancement to encourage innovation while maintaining regulatory supervision over the financial sector. It considers the possibility of harnessing technological advancement by providing a theoretical incentive for developing a multi-dimensional, self-regulating ecosystem through the promising potential of blockchain technology in order to achieve a semblance of the balance we desire. With the state adoption of the core tenets of this framework on a sufficiently international scale, the financial sector may witness an exponential transformation for the better. The framework essentially directs us to create, integrate and regulate. This may sound simple but is in fact a complex, intricate web of details which are not as easy to achieve. The paper discusses this framework in a manner that is neither perfect nor complete. At best, it could be described as skeletal. This is necessarily the consequence of the relatively nascent state of the technology in spite of its ground-breaking potential. There is still a lot about the technology that we have to uncover, uncertainties about the effectiveness of legal manoeuvres we have to experiment, and a number of factors we may have not even foreseen yet to even regard as worth considering. The debate has only just begun. Whether or not the blockchain economy will live up to the revolution it is predicted to create is still riddled with uncertainty. Yet regardless of what policymakers ultimately decide, there is no denying that this phenomenon is not disappearing anytime soon. It is hoped that the CPA framework will jumpstart a chain reaction for a discussion that will inspire us to take a step towards a bold new normal financially ever after.

MSE Competitive Business Strategies Typology: A Theory for Superior Performance

Micro and small enterprises (MSEs) are the engine that drives most of the economies in the developing world where they are often the largest employers. The MSE Typology presented in Ogot (2012), based on orthogonal constructs of collaboration and competency, combined to create a unique set of ideal types defining competitive business strategies MSEs can employ for superior performance. This paper establishes that the typology can be viewed as a theory for better performance tailored to MSEs. It goes further to present the research gaps that need to be addressed.

To Improve the Inpatient Experience, Invest in the Human Side of Health Care.

Hospitals increasingly allocate substantial resources to improve the inpatient care experience: chief experience officers, overhauled food menus, parking discounts, and Disney customer service training for staff are just a sampling of the various investments hospitals have made in recent years to increase satisfaction and experience scores.1,2 Attention to the patient experience is important not just as a competitive business strategy but as an ethical practice; children and their parents expect to receive appropriate, respectful, and timely care; they expect to be treated in a safe and clean environment; and in the vast majority of instances, they expect to leave the hospital in better health than when they arrived. However, identification of specific modifiable mechanisms influencing formal parent and child ratings of the pediatric inpatient experience has lagged until now. In an analysis of 17 727 parent-submitted Child Hospital Consumer Assessment of Healthcare Providers and Systems surveys on care in 69 hospitals across 34 states, Feng et al3 found that of 10 items, 2 were consistently and strongly associated … Address correspondence to Heather L. Tubbs-Cooley, PhD, RN, FAAN, College of Nursing, The Ohio State University, 1585 Neil Ave, Columbus OH 43210. E-mail: tubbscooley.1{at}osu.edu

ЦИФРОВАЯ ТРАНСФОРМАЦИЯ ВНЕШНИХ ФАКТОРОВ КОНКУРЕНТОСПОСОБНОСТИ ПРЕДПРИЯТИЙ

The article is devoted to the transformation of traditional external factors of the competitiveness of Russian enterprises in the context of digital economy. The transition to a digital structure causes a shift in competition towards digital technologies, as well as a general change in the conditions for doing business, which are determined by the industry and the region in which the business operates. There is a subjective component of the external factors of competitiveness - the image of digitalization on the part of the region, and specific factors that determine the industry. An objective assessment of the environment digitalization includes the calculation of the “Network readiness of the Russian Federation subject” Index by the region, and the processing of statistical information on hygiene factors in the industry. A consolidated matrix is proposed for assessing the competitiveness of a Russian enterprise in terms of digitalization of its environment of functioning. Possible competitive business strategies based on the digitalization level of the industry and the Russian Federation subject are shown.

Competitive Business Strategy of a Public Breeding Institute

Due to squeezed public budgets in both developing and developed countries, the governments’ policy often include privatization of public plant breeding institutes as a proposed solution to the problem. Since vast of commercial plant cultivars have been developed by conventional breeding techniques, the interest for acquiring such institutions raised over the last several decades. However, not much attention has been paid to developing competitive business strategy within the public Institutes so the customers and society may still benefit from the both its value proposition and public good. At the Osijek Agricultural Institute, Croatia, an early developed focus-and-customer-relationship competitive business strategy has always been a linchpin that could financially and technically underpin plant breeders’ education, development of new cultivars and improvement of plant science in the Pannonia region of southeastern Europe. Not less important, this kind of strategy that rely much on personal connection with the customers results better in both - their buying experience and our price positioning in the seed market. It seems that, besides pure transaction, the customers especially appreciate every contact that cannot be found online. Every improvement in this segment of customers’ captivity is crucial and therefore of utmost importance for keeping our business strategy competitive, sustainable and enhanced. The example of the Osijek Agricultural Institute that is presented in this paper shows that regardless of being for-profit entity such as a public owned or private research institute, knowledge on choosing and pursuing a proper business strategy is a point of paramount importance, i.e., it is the question of life or death for every kind of market oriented entity.

E-Supply Chain Management Value Concept for The Palm Oil Industry

The Harmony of IT and Business is an asset and the foundation of the organizations to improve and build business competitive strategies. There is a need to integrate and coordinate all business partners of the organization, particularly those associated with Information Technology and suppliers, raw materials or resources needed in the supply chain management. The effectiveness of an E-SCM in Palm Oil industry will be the crucial factor to provide the organization with business opportunities and improve competitive position in the marketplace. Aim of this study is to investigates critical factors E -Supply Chain Management in Oil Palm Industry through Theory Resource Based View (RBV). With RBV theory, this study develops a concept that can be utilized for identifying the critical success factors of E-SCM value in Palm Oil industry. The quantitative research method is used for collecting data in four Palm Oil organizations in South Sumatera. This research reveals that IT human resources and IT infrastructure are the critical factors and capability in to operate E-SCM effectively and

INNOVATIVE TECHNOLOGIES AS A FACTOR OF INCREASING THE COMPETITIVENESS OF HOTEL AND RESTAURANT ENTERPRISES

Introduction and purpose of the study. The key to the success of enterprises in modern realities is innovation as the basis of modernization, a factor in successful activity. They contribute to the formation and maintenance of competitiveness, and is also an incentive for the country's economic development. The study of the problems of enhancing the innovation activity of enterprises is due to its influence on production efficiency, achieving high economic indicators in the case of the most rational use of resources, conditions for the stable development of enterprises and competition in the market.The hypothesis of scientific research. The study of the problems of enhancing the innovation activity of enterprises is due to its influence on production efficiency, achieving high economic indicators in the case of the most rational use of resources, conditions for the stable development of enterprises and competition in the market.The purposeof the article is to determine the features of the relationship between innovation and the competitive advantages of the enterprise, the features of their formation in hotel and restaurant enterprises.Methods of research. In the article, to fulfill the task, the following methods were used: formal-logical (comparison of analogies, modeling), economically statistical (grouping) and substantive-logical (analysis and synthesis).Results. The article analyzes the day lightness of innovation. Competitive transfers are marked, due to the international duality. It was reasoned that we should recognize that there is a competitive position on the market to lay out the first and foremost key keys. The main tape is reserved for the secure competitiveness of business on the basis of the success of innovative capabilities. It has been shown that scholars are becoming more and more formally new and competitive to overcome the need to reach the competitive advantage of current realities. To ensure the competitiveness of enterprises, it is proposed to form an effective competitive business strategy, making extensive use of innovative solutions, creating three bridges.

Review of Environment Influence on Virgin Australia’s Competitive Strategy

In order to analyze the environment influence on the business competitive strategies about the second largest airline in Australia, Virgin Australia, some basic information about Virgin Australia was retrieved and concluded in details from the scope of both the external and internal environment. It is obvious that the environment could affect the implementation of the competitive strategies. The paper also provides recommendations as to how Virgin Australia might maintain or improve its competitive strategies.

The Moderating Effect of Competitive Business Strategy on Corporate Environmental Performance and Corporate Carbon Emission Disclosure Towards Corporate Financial Performance

The purpose of this research is to examine the effect of corporate environmental performance and corporate carbon emission disclosure toward corporate financial performance with competitive business strategy as moderating variable. The research design is quantitative methods using secondary data, which is data from the sustainability report of 18 go public companies listed on the Indonesia stock exchange from 2015 to 2017, with 54 units of analysis for the period of 2015-2017. The data analysis used in this research was multiple linear regression with data panel, which is processed by using SPSS. The results show that: (i) corporate environmental performance has a positive and significant effect towards the corporate financial performance; (ii) corporate carbon emission disclosure has not a significant effect towards the corporate financial performance; (iii) competitive business strategy strengthens the effect of corporate environmental performance towards the corporate financial performance; (iv) competitive business strategy has not effect of corporate carbon emission disclosure towards the corporate financial performance. This research contributes to provide the corporate environmental performance literature, corporate carbon emission disclosure literature, and corporate financial performance literature. The results of this study can contribute to making consideration for go public companies to consider whether corporate carbon emission disclosure are needed or not in the direction of the corporate financial performance. Keywords : Competitive Business Strategy, Corporate Environmental Performance, Corporate Carbon Emission Disclosure, Corporate Financial Performance. DOI : 10.7176/JESD/10-6-13 Publication date :March 31 st 2019

Co-competition, learning, and business strategy for new service development

ABSTRACTCo-competition and business strategy determine tourism organizations’ survival and growth. The current study highlights the following recent findings for the travel agency industry: (a) a co-competition strategy may enhance new service development (NSD) through organizational learning and business strategy; (b) entrepreneurial intention provides the impetus for organizational learning and business strategy improvement; and (c) entrepreneurial intention also strengthens the relationship between business strategy and new service development. This study used 345 surveys from different categories of travel agencies as samples to analyze hypothesis models from Taiwan. The results confirm that travel agencies’ competitive advantages are realized either when a firm maintains good relationships with competitors and adopts a learning orientation or when it deploys the appropriate business competitive strategy and entrepreneurial intention to enable it to offer new services to customers relative to competi­tors.

Performance cause and effect studies: Analyzing high performance manufacturing companies

Manufacturing strategy has an important role in business competitive strategy, because it connects performance indicators to company goals. Operations strategy is organized in performance objectives and decision areas constructs that define its content. This paper aims to understand the cause and effect relationships between operations strategy constructs. Considering performance as a dependent variable qualified as the ‘effect’, and the independent variables as decision areas policies and resources, which play the role as ‘cause’. This paper intends to answer two hypotheses: Performance results are dependent on policies and capabilities that are addressed and managed by companies' decision areas; There are specific relationships that connect performance results to decision areas capabilities and policies in ‘High Performance Manufacturing Companies’. The study uses information obtained from the 4th round of the ‘High Performance Manufacturing Survey’. The dataset is formed by indicators from 304 manufacturing companies of three industries: automotive, electronics and machine tools; that operate in 13 countries. The techniques used for analyzing the available data are descriptive statistics, factor analysis, and multiple linear regression. Results show that innovation, flexibility, quality, cost, speed, and reliability performance have a systemic dependence on structural and infrastructural decision areas, which cover design and managerial perspectives. The study also presents a systemic view that maps the effects on performance by capabilities and policies that are managed by decision areas. The first hypothesis is confirmed by the structural elements that define performance objectives and decision areas, however the second derived hypothesis is partially confirmed, where two patterns are identified by two group of factors: innovation and flexibility, versus cost, quality and time. The understanding of the ‘performance function’ has an immediate effect on connect it to improvement actions.