Competitive Industry Research Articles

Influence of brand image and word of mouth on purchase decisions at the 3 Second Fashion Store in Palangka Raya City

This research investigates the impact of brand image and word of mouth on consumer purchasing decisions at Toko Fashion 3Second in Palangka Raya. With the rapid growth of the fashion industry and the influx of various distribution outlets (distros) in Indonesia, this study highlights the competitive dynamics and consumer behaviour in the local context. Brand image and word of mouth have been identified as significant factors influencing consumer choices and loyalty. These are crucial for distros like Toko Fashion 3Second to thrive in a saturated market. This thesis utilizes quantitative analysis methods, with data gathered from consumer surveys and sales records, to explore the relationship between these variables and purchasing decisions. The findings indicate that both brand image and word of mouth significantly affect consumer decisions, guiding distros in refining their marketing strategies to enhance customer satisfaction and brand loyalty. The implications of this study extend to the strategic management of brand reputation in the highly competitive fashion industry

Implications of Competitive Advantage Strategies in the Buying and Selling Used Iron

This study aims to analyze and identify the competitive structure that forms the key success factors (KSFs) in the scrap metal trading industry, with open innovation as a mediating factor and its effect on competitive advantage. The research employs an explanatory method to explore the causal relationships between variables. Data were collected through questionnaires, direct interviews with business owners, managers, employees, and consumers in the scrap metal trading sector, as well as secondary sources such as articles, journals, online databases, libraries, and government agencies like the Ministry of Trade (Deperindag) and the Central Bureau of Statistics (BPS). The data collection techniques include literature review, interviews, and observations. Analytical methods employed in this study include descriptive analysis through company profiling, Porter's Five Forces model for industry competition analysis, and an assessment of open innovation as a mediating factor for competitive advantage. The findings reveal that key success factors contributing to competitive advantage in the scrap metal trading industry are economies of scale, marketing capabilities, access to capital, raw material supply, and technology utilization. The application of Porter's Five Forces, when mediated by open innovation, strengthens the relationship between open innovation and organizational strategy, ultimately leading to sustainable competitive advantage. Competitive advantage is enhanced by increased open innovation, which fosters organizational collaboration, adaptability, and the development of novel strategies. Through the implementation of open innovation, scrap metal trading companies can leverage diverse ideas and resources, enhancing competitiveness in dynamic market environments. Conclusion: The threat of new entrants in the scrap metal trading industry is low, while the bargaining power of suppliers and buyers is strong. The threat from substitute products is weak, and the rivalry among existing competitors is intense. Open innovation contributes to competitive advantage by promoting collaboration, encouraging adaptability, and supporting strategic innovation.

Weathering the Storm: Unravelling the Influence of Climate Change Risk Exposure on Firms’ Human Capital Investment

AbstractBuilding on agency theory, this study examines the impact of climate change risks on corporate investment in human capital as a key factor of production. Using a sample of US listed firms for the period 1989–2017, we find that firms respond to the growing climate risks by enhancing efficiency in human capital investment, primarily through a reduction in over‐hiring, consistent with our conjecture that firms adopt more prudent and efficient recruitment strategies in reaction to higher climate risks. Cross‐sectional analyses suggest that such an improvement in human capital investment decisions is more salient for firms with poor corporate governance, less intellectual capital and facing greater industry competition and less pronounced for firms with more resilient assets against climate change. By exploiting two exogenous events that cause significant increases in climate risk as quasi‐natural experiments, we conduct difference‐in‐differences analyses and find consistent evidence that the firms engage in more efficient human capital investment in response to both the physical and regulatory risks of climate change. Collectively, despite the overwhelming negative impact of climate change, our study reveals that such risks can play a disciplinary role in promoting more efficient managerial decisions on human capital investment.

The Role of Financial Leverage and Cost Management on Operational Efficiency and Earnings Stability in Hospitality Industry in Indonesia

This study explores the impact of cost management and financial leverage on operational efficiency and earnings stability in the hospitality industry in Indonesia. Utilizing a quantitative approach, data was collected from 280 hospitality businesses and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS). The results reveal that both cost management and financial leverage significantly contribute to earnings stability, with financial leverage also playing a strong role in improving operational efficiency. Operational efficiency serves as a critical mediator, linking financial strategies to stable earnings. The findings highlight the importance of carefully balancing debt financing and cost control to optimize both financial performance and operational processes in the hospitality sector. These insights offer valuable guidance for hospitality managers seeking to enhance long-term profitability and resilience in a highly competitive industry.

Do sanctions imposed on peers have a deterrence effect on related-party transactions of observing firms? Evidence from Chinese listed firms

How to effectively discipline related-party transactions has garnered widespread attention from both academia and practice. While extensive literature has examined the factors influencing related-party transactions, it has overlooked the impact of sanctions imposed on peers on the related-party transactions of other firms. Using panel data covering Chinese listed firms from 2002 to 2021, we find that sanctions imposed on peers have a deterrence effect on observing firms. Increasing the certainty or severity of sanctions significantly reduces related-party transactions in observing firms. Mechanism tests demonstrate that media coverage, industry competition, and social trust strengthen this deterrence effect. Further analysis suggests the deterrence effect of sanctions is primarily driven by indirect reputation effects. Additionally, we find that deterrence effect exists in both state-owned enterprises (SOEs) and non-SOEs. Our study sheds light on the efficacy of enforcement in the Chinese capital market and offers important implications for enhancing regulatory efficiency in emerging economies.

The Evolving Role of FSC Certification in Croatia: From Market Pressures to Sustainable Practices

Forests are crucial in sustaining life on Earth and are at the core of global sustainability efforts, to which Forest Stewardship Council (FSC) certification makes a significant contribution. Changes in motivations, benefits, and challenges associated with FSC certification among Croatian companies, particularly in light of recent market fluctuations and global sustainability trends, have been examined in this study. The research was conducted in 2015 and 2023 using a survey method among FSC chain of custody (CoC) certificate holders in Croatia. A statistically significant decline in the proportion of companies citing customer demands and company image as the main reasons for FSC certification was observed, while environmental awareness became a more prominent motivation. Additionally, although key benefits such as retaining existing customers and attracting new ones remain important, a significant decline in the proportion of companies reporting increased profits as a benefit was noted. Challenges related to extensive documentation and frequent changes in standards also significantly increased. This study suggests that FSC certification remains crucial for maintaining competitiveness in the Croatian wood industry, especially as environmental concerns gain importance. Given that FSC standards help enforce European sustainability regulations, FSC certification is important for ensuring long-term resilience and success in an unstable market environment.

Cultural Familiarity and Its Impact on Customer Satisfaction and Brand Awareness

This study investigates the impact of food quality, service quality, pricing strategy, and marketing initiatives on patron satisfaction and brand recognition of Indonesian restaurants in Taiwan. It also examines how cultural familiarity moderates these relationships. A structured survey was conducted among 400 international patrons who dined at Indonesian eateries in Taiwan. Data were analyzed using Structural Equation Modelling (SEM) with Partial Least Squares (PLS) and moderation analysis. Findings reveal that food quality and pricing strategy significantly enhance customer satisfaction, while service quality and marketing efforts do not. Cultural familiarity strengthens the positive effect of food quality on satisfaction. This study underscores the importance of maintaining high food quality, implementing effective pricing strategies, and leveraging cultural familiarity for Indonesian restaurant owners in Taiwan. The research highlights the role of cultural factors in customer perceptions, contributing to the discourse on marketing strategies in the competitive food industry. The sample's focus on foreign customers in Taiwan may limit the broader applicability of the findings. Future research should consider factors like ambiance, location, and menu diversity for a comprehensive understanding of customer satisfaction and brand awareness

Harnessing the power of biomimicry for sustainable innovation in construction industry

Biomimicry is increasingly being used to drive sustainable constructional development in recent years. By emulating the designs and processes of nature, biomimicry offers a wealth of opportunities to create innovative and environmentally friendly solutions. Biomimicry in industrial development: versatile applications, advantages in construction. The text emphasizes the contribution of bio-mimetic technologies to sustainability and resilience in structural design, material selection, energy efficiency, and sensor technology. Aside from addressing technical constraints and ethical concerns, we address challenges and limitations associated with adopting biomimicry. A quantitative research approach is implemented, and respondents from the construction industry rank biomimicry principles as the optimal approach to enhance sustainability in the industry. Demographic and descriptive analyses are underway. By working together, sharing knowledge, and innovating responsibly, we suggest approaches to tackle these obstacles and fully leverage the transformative power of biomimicry in promoting sustainable construction industry practices. In an evolving global environment, biomimicry reduces environmental impact and enhances efficiency, resilience, and competitiveness in construction industries.

O PAPEL DAS COMPRAS PÚBLICAS EM DEFESA COMO O NOVO VETOR DE DESENVOLVIMENTO NACIONAL

This article discusses the importance of the defense industry as a driver of innovation and economic growth in the country. With the intensification of geopolitical challenges and the need to modernize the Armed Forces, Brazil has invested in acquisitions that encourage research and technological development. The proposed research analyzes how these strategic public purchases can not only strengthen military capacity, but also stimulate national industry, generating skilled jobs and promoting technology transfer. Collaboration between the government and the private sector is essential to maximize the benefits of these acquisitions, allowing technological advances to have a positive impact on various sectors such as health, energy and transport. In addition, these defense acquisitions can serve as an industrial policy tool, guiding investments in priority areas and contributing to the country's strategic autonomy. In this context, the research aims to demonstrate how defense acquisitions and orders are an essential vector for economic and technological development, with the potential to transform industrial capacity and national competitiveness in a global scenario.

Impact of Safeguard Measures Import Duty Tax (BMTP) in Efforts to Increase Protection and Competitiveness of Textile Products

General background: The Safeguard Measures Import Duty Tax (BMTP) policy has been implemented to protect domestic industries from the adverse effects of rising imports. Specific background: In Indonesia, the textile industry has faced significant competition from imported goods, which threatens the competitiveness of local products. Knowledge gap: However, there is limited research on the effectiveness of the BMTP in enhancing protection and competitiveness, particularly in the context of the Juanda Customs and Excise Service Office. Aims: This study aims to evaluate the impact of BMTP on the protection and competitiveness of domestic textile products through qualitative methods, including observation, interviews, and documentation. Results: The findings reveal that the implementation of BMTP is effective in controlling and reducing the volume of imported textiles, thereby contributing to increased protection for domestic producers. Novelty: This research provides new insights into the specific application of BMTP at Juanda and highlights the use of Nvivo12 Plus software for qualitative analysis, offering a novel approach to triangulating data and ensuring validity. Implications: The results imply that BMTP can be a viable policy mechanism to safeguard domestic industries, particularly in sectors vulnerable to import surges, such as textiles, potentially informing future policy decisions to enhance industrial competitiveness. Highlights: BMTP effectively reduces textile imports, enhancing domestic protection. Nvivo12 Plus aids in qualitative data analysis for reliable results. The study offers insights into BMTP's specific application at Juanda Customs. Keywords: Import Duty Safeguard, Protection, Textile

Managing sustainability-oriented innovation in services: proposal of a scale for the future of hotel companies and travel agencies

PurposeThe concept of Sustainability-Oriented Service Innovation (SOSI) has been recently suggested from a conceptual reflection approach in an attempt to integrate innovation and sustainability in services, being an emerging field of innovation in services. This study aims to propose a scale to measure Sustainability-Oriented Service Innovation from the perspective of the company. Because the whole is different from the sum of its different parts, we need to better understand the synergy between sustainability and innovation for the future of tourism companies.Design/methodology/approachUpon a literature review, we propose a scale and explore its dimensionality with data from 268 to 256 Spanish hotel and travel agency managers, respectively. The dimensionality of the scale for measuring Sustainability-Oriented Service Innovation is similar in hotels and travel agencies.FindingsFive factors emerge from the principal component analyses carried out: two dimensions referred to technological and non-technological innovation, respectively, and three dimensions labelled as economic, social and environmental sustainability.Practical implicationsTo guide managers towards their operations, the proposed scale is expected to inspire models to assess the impact of SOSI practices in such a highly competitive industry and to identify the most influencing dimensions on the future performance of the tourism company.Originality/valueTo the best of our knowledge, no scale has been presented so far that brings together the dimensions of technological and non-technological innovation, as well as sustainability from a Triple Bottom Line approach.

PENGARUH KOMPETISI BANK TERHADAP STABILITAS SISTEM KEUANGAN PERBANKAN (STUDI KASUS PADA KBMI IV TAHUN 2019-2022)

The emergence of banking as an intermediary institution plays a very important role in the economy because it is the heart that must pump "money" and distribute it to all organs that need the money. Therefore, it is very important to maintain the stability of the banking financial system. The development of the banking system can trigger competition in the banking industry which can affect banking stability. This research was conducted to determine the effect of bank competition on the stability of the banking financial system. This research focuses on KBMI 4 data which is a large bank HHI index, market share and Loan to Deposit Ratio (LDR) used as a proxy for competition and Non-Performing Loans (NPL) as a proxy for banking financial stability. The analysis technique used is Panel Data Regression with KBMI 4th ​​quarter data for 2019-2022. Of these three variables, the HHI index and Loan to Deposit Ratio (LDR) variables have a significant effect on Non-Performing Loans (NPL). Meanwhile, the market share variable has no significant effect on Non-Performing Loans (NPL).

CEO turnovers as organizational responses to shocks in competition

This paper provides novel evidence of organizational responses in the form of CEO turnover to competition shocks induced by unexpected tariff cuts. We find that the likelihood of CEO turnover increases with unexpected surge in industry competitiveness, and this result is mainly driven by non-exporting firms. Among non-exporting firms, the higher likelihood of CEO turnover is confined to firms with weak governance, high leverage, and in financial distress. Exporting firms, on the other hand, experience increased exports and show no significant CEO turnover changes.

Strategi Public Relations PC. GKBI dalam Membangun Citra Positif Perusahaan

Building an image is a vital endeavor for companies to survive in today's industry competition. This research focuses on the Public Relations strategy of PC. GKBI in creating a positive image. The research objective is to identify the Public Relations strategy of PC. GKBI in the formation of a positive image. The method used is descriptive qualitative, with analysis based on Philip Kotler's Public Relations mix theory, namely the PENCILS strategy. The findings show that PC. GKBI has successfully implemented the PENCILS strategy in building a positive image, although the implementation of Publications and News has not been carried out optimally. It is expected that Public Relations can improve media management so that information dissemination is more massive.

Building a framework to drive government systems' adoption of cloud computing through IT knowledge

abstractMany governments in developing countries are finding it challenging to integrate cloud computing into their e-government systems because of the limited effective identification and evaluation of important factors. Cloud computing usage in government organizations is still restricted due to concerns over security, regulatory challenges, cultural resistance to new technologies, infrastructure limitations, and other factors (Abied et al. in Sustainability 14:15590, 2022). This research suggests a model that analyses the factors influencing the adoption of cloud computing in e-government systems within Jordanian government organizations by decision-makers. The survey was distributed online to a purposive sample consisting of 373 IT professionals and top-level managers in government organizations in Jordan. The study demonstrates that the technological factors which include complexity, compatibility, relative advantage, and security, the organisational factors which consist of top management support and cost, and the environmental factors which include industry competition and government rules and regulations, had a significant and positive impact on the adoption of cloud-based services in government systems. Furthermore, IT knowledge held by decision makers was recognized as a key factor in the adoption of cloud computing for e-government systems. This research is anticipated to provide significant insights for any organizations making investment decisions about the use of cloud-based services. This research considers the assessment of multiple aspects to encourage top management to analyse the consequences of implementing cloud services for e-government systems. This case study might not be applied broadly to all types of organizations in Jordan. Future research should employ large-scale samples to ensure the study's representativeness and could also broaden the scope by including samples from similar countries to validate the model or its implementation across different cultures, IT infrastructure and geographical settings. In addition, it is recommended that upcoming research consider using the level of experience and education as moderators.

Research on the impact of digital economy on my country's manufacturing upgrading

With the profound changes in the global industrial economic situation and the further adjustment of the industrial competition pattern, the stability and security of my country's industrial chain and supply chain are facing major risks. In this context, promoting the digital transformation of the manufacturing industry has become the only way for the transformation and upgrading of the manufacturing industry. This paper first analyzes the mechanism of my country's digital economy driving the upgrading of the manufacturing industry, and examines it from the perspective of the spatial layout of the industrial chain, aiming to enrich the theoretical basis of the digital economy driving the development of the real economy, and provide useful countermeasures for my country's manufacturing industry to achieve upgrading under the drive of the digital economy. It has important theoretical and practical significance. This paper starts with "digital economy drives the spatial layout reconstruction of the manufacturing industry chain" and takes "realizing the upgrading of the manufacturing industry" as the ultimate goal. The reasonable spatial layout of the manufacturing industry chain and the upgrading of the manufacturing industry are two important aspects of the high-quality development of my country's manufacturing industry. The reasonable spatial layout of the manufacturing industry chain can promote the rational allocation of factor resources, narrow the regional gap, and realize the upgrading of my country's manufacturing industry more efficiently and comprehensively. Therefore, this paper studies the reconstruction of the spatial layout of the manufacturing industry chain driven by the digital economy, which can not only enhance the resilience of my country's manufacturing industry chain and supply chain, but also provide a path for the upgrading of the manufacturing industry. The two complement each other. Through systematic analysis and verification, this study reveals the role of the digital economy in promoting the reconstruction of the spatial layout of the manufacturing industry chain, and thus provides theoretical support and policy recommendations for achieving high-quality development of the manufacturing industry.

What Gets Measured, Gets Managed: The Role of Sustainability Assurance in Green Transformation

Sustainability assurance (SA), an independent third-party evaluation aimed at enhancing the credibility of corporate sustainability disclosure, plays a vital role in fostering corporate green transformation. This paper systematically examines the impact of SA on corporate green transformation and the mechanisms through which it operates, using data on SA reports and green patents from A-share listed companies in China between 2010 and 2022. The findings reveal that SA significantly promotes corporate green transformation, particularly when conducted in accordance with standard ISAE 3000. Mechanism analysis indicates that SA facilitates green transformation by reducing the cost of credit and promoting risk-taking behaviors. Heterogeneity analysis further demonstrates that the positive effects of SA on green transformation are more pronounced in heavily polluting and competitive industries as well as in firms with weaker internal and external governance. This study not only underscores the beneficial impact and underlying mechanisms of SA on corporate green transformation but also contributes to the broader literature on the drivers of corporate green transformation.

Solving problems of volume scheduling for shipbuilding enterprises in conditions of limited resources

The shipbuilding industry development strategy for the period up to 2035 and beyond is aimed at creating a new competitive shipbuilding industry based on the development of scientific, technical and personnel potential, optimization of production capacities, their modernization and technical re-equipment [1]. The paper is devoted to solving problems of volume-calendar production planning for shipbuilding enterprises when coordinating the production capacity of the enterprise with the resource needs to fulfill obligations determined by the generated order portfolio. Shipbuilding and ship repair enterprises are typical representatives of enterprises with single and small-scale production and a long production cycle of the main products [2-4]. The problem is solved at the stage of forming a portfolio of orders, which is based on the limited volumes of resources available to the production system. It is required to determine the amount of missing resources by calendar periods that are necessary for the effective functioning of the production system. Non-stored resources such as labor resources, equipment operating time, are usually taken into account when solving the problems of volumetric or volume-scheduling planning. Such resources being unused in a certain planning cycle cannot be used in subsequent cycles. The procedure for finding missing volumes of resources is formulated as the problem of reducing an incompatible system of linear two-sided algebraic inequalities to a compatible one. To do this, it is proposed to “expand” the initial parameters of the system, taking into account the costs of expansion, so that the system becomes compatible. In the general case, formally, the problem under consideration is close to the problem of finding a Chebyshev point [5] for an incompatible system of linear algebraic equations, i.e. a point that is geometrically the least deviating from all hyperplanes formed by the system constraints. The paper proposes statements and solutions of volume-scheduling problems for the case when the structure of the problem constraints is modeled by a root-oriented weighted tree. This hierarchical structure is typical for shipbuilding enterprises [6].

Academic background of senior executives and enterprise digital transformation

With the application of digital technology and its promotion of business model innovation, digital transformation has increasingly become an important strategic issue for enterprises. In this context, based on imprinting theory, we select all A-share listed enterprises in China from 2008 to 2022 as samples and study the relationship between the academic background of senior executives and the digital transformation of enterprises. The study results show that senior executives with academic backgrounds can significantly promote the digital transformation of enterprises. A test of the action mechanism shows that the academic background of senior executives plays a role in the promotion of the digital transformation of enterprises by improving enterprise innovation, and the degree of industry competition moderates the relationship between the academic background of senior executives and the digital transformation of enterprises. This paper applies imprint theory to explore the relationship between the academic background of executives and corporate digital transformation, expanding the research on how imprints affect corporate decision-making and the scope of imprint theory research, while also providing evidence to support government departments in formulating policies to encourage talented individuals with academic backgrounds to participate in corporate management.

The impact of employee satisfaction on company's labour investment efficiency

This study examines the impact of employee satisfaction on company's labour investment efficiency (CLIE) using a sample of 2,333 company-year observations associated with 302 companies listed in the UK between 2008 and 2020. Arguments based on human relations theory suggest that satisfied employees are likely to be motived to exert greater efforts and exhibit lower turnover, thereby reducing employer's exposure to labour market frictions. In contrast, agency theory argues that satisfied employees may become entrenched and thus harm organisational outcomes, including CLIE. We measure satisfaction with employers across our sample companies using 164,341 employees' ratings posted on Glassdoor UK. We observe a positive impact of employee satisfaction on CLIE, demonstrating the validity of underlying human relations theory for the present business context characterised by labour shortages. We also find the positive impact of employee satisfaction on CLIE to be stronger for companies with higher labour intensity, more reliance on skilled labour, and more competitive industry environments. Our study contributes to research investigating the determinants of efficient investment in workforce. We also demonstrate the informational value of employee' online reviews for understanding a company's performance, particularly in assessing the efficiency of its employment decisions.