Corporate Resources Research Articles

Analysis of the Business Environment in Construction Service Industry in DKI Jakarta Indonesia

This study aims to specifically analyze the business environment in the construction service industry in DKI Jakarta, by using an external and internal dimension factor approach. The dimensions of external factors include several indicators such as political, economic, social, and technological indicators. While the internal factor dimensions consist of indicators of corporate culture, corporate structure, and corporate resources. The analysis technique uses Structural Equation Model (SEM) with SmartPLS. The number of samples included 370 leaders of construction service companies in DKI Jakarta. One company is represented by one company leader, either a large, medium or small scale company. The results showed that external factors are more dominant than internal factors in shaping the construction service business environment in DKI Jakarta. It can be understood because as the capital city, DKI Jakarta has a far more complex constellation than other regions. It means that in the case of operating companies in Jakarta, they must be agile in managing external threats and opportunities. Companies that cannot adapt to the very dynamic climate in the capital with the dramatic competition will not be able to survive.

Impact of Companies’ Characteristics on the Relationship between Corporate Social Responsibility Disclosure and Corporate financial Performance - An Empirical Analysis

Strategic managers are persistently accosting with the decision of switching the scared corporate resource for the community welfare to balance the shareholders’ and multiple stakeholders’ interests. Corporate houses are presumed to not only intensify the economic priorities of investors, but must also consider the community and environmental ramifications as well. Presently, corporations are in dilemma over whether investment in corporate social responsibility (CSR) initiatives will be a cost or gain from an economic point of view. For this purpose, the association between CSR disclosure and corporate financial performance has been empirically explored and also the company characteristic has been considered as a significant and interesting factor influencing the association between CSR and corporate financial performance. The prime objective of the present paper is to examine the impact of companies’ characteristics i.e., Age of company on the relationship between corporate social responsibility disclosure and corporate financial performance. Panel data regression statistical technique has been applied to investigate and analyze the relationship. The findings of the study reveal that companies CSR have significant influence on their financial performances. But, on the other hand the company characteristic, age of the company has no significant impact on the corporate financial performance. The findings are found consistent with earlier studies, which validate the company’s venture in undertaking the CSR initiatives. The present study addresses theoretical as well as empirical support and inspiration for the corporations towards CSR initiatives.

PLANNING THE MARITIME COMPANY’S DEVELOPMENT ON THE BASIS OF ITS ECONOMIC SECURITY LEVEL

Topicality. An important condition for ensuring the development of the maritime complex companies is the formation of an effective strategy. The dynamism and uncertainty of the environment in which companies operate, necessitate taking into account the level of their economic security when making decisions about the choice of development strategy.Aim and tasks. The purpose of the article is to develop guidelines for choosing a strategy for the development of a maritime company based on an assessment of its economic security.Research results. The system approach to management of the company’s economic safety is considered. The content of strategic planning for the maritime company development and its correlation with the level of economic security are determined. Qualitative parameters of the corporate resources use in combination with the organizational and functional structure and relationships of structural units, as well as some quantitative guidelines for ensuring the functional components and the level of economic security of companies in general. To identify four strategic areas of the company’s economic security management in the field of maritime management is proposed. The mechanism of the maritime complex companies’ economic security management, its elements, the scheme of their action and interaction are determined to implement the chosen strategy. The priorities for choosing the strategy of the company’s development depending on the level of economic security are specified. The use of a scenario approach for economic security planning based on monitoring the risks and threats of the current activities of the maritime companies is proposed.Conclusion. The proposed approach allows characterizing the conditions of maritime management by the level of safety and on the basis of this information to determine the priority areas of strategic planning of the company’s economic security. Under the conditions of efficient use of corporate resources at company, favourable conditions will be created for achieving business goals, timely detection and maximum mitigation of various dangers and threats in conditions of competition and economic risk, and thus – will ensure the functioning and further development of the maritime complex.

Agile Approach in Human Resource Management: Focus on Generation Y

The paper aims to provide an overview of human resource management’s characteristic features in agile companies and identify the attributes preferred by Generation Y representatives in everyday work life. Detailed literature review of general agile attributes and specifics of agile HR management has shown that the phenomenon is not sufficiently examined. There is a gap in the literature research related to the agile approach applied to Generation Y. Based on a literature review and primary data analysis, the authors identified the attributes of agile organisations that correspond to Generation Y preferences in the field of working conditions. In this way, the authors have opened a discussion on the possibilities of applying the preferred agile approaches to attract Generation Y representatives, increase their work motivation and satisfaction. The paper’s findings support the information base used by HR professionals and companies to ensure that factors such as flexibility, informality, continuous learning, etc, are known by managers and companies. It realises the importance of agile principles in the working environment created for Generation Y to produce a greater added value. The literary part of the paper provides an introduction to the general agile management approach, specifics of agile HR practices and indicates key factors influencing work and supporting effective cooperation with Generation Y. Key findings of the detailed literature review were applied to empirical findings of the sample of Generation Y representatives in the Czech Republic and used for discussion and recommendations. This article aims to contribute to the debate on agile management approaches with regard to Generation Y and its leadership. The paper contributes to a gap in the literature, as key findings confirm that Generation Y is open to adopting an agile approach and prefers some of the agile factors in corporate and human resource management over traditional systems.

Analysis of Digital Customer Communities in terms of their interactions during the first wave of the COVID-19 pandemic

Abstract The COVID-19 pandemic has redefined procedures in every business sector. In the first half of 2020, companies had to face an unexpected and unpredictable situation that resulted in both threats and opportunities in real time. Almost overnight, brick-and-mortar establishments of most stores closed, and the dominant part of transactions and activities moved from offline to the online environment. The main goal of the paper is to identify changes in the interactions of digital customer communities of selected e-business representatives in the Czech market. Within a sample of almost one and a half million Facebook users, during the first spring COVID-19 lockdown (March to May 2020), the interactions of the five largest Czech e-shops and their customers were recorded on a daily basis. The data were then subjected to a thorough statistical analysis in order to identify the specifics that resulted from the highly non-standard market situation. The results suggest that during the pandemic, there was a major reallocation of interactions in terms of their timing. Most interactions take place during the working week. From a day-to-day perspective, most of the interactions occur at around noon. In view of the findings, it can be stated that in order to maintain the competitiveness resulting from efficient management of corporate resources, it will be necessary to modify the usual procedures of e-marketing communication, as well as human resources management procedures in terms of the optimization of work of employees working from home.

Rational allocation of the resource designated for comprehensive safety assurance at an enterprise: the problem statement

Introduction. Corporate resources translate into a strong in-house capacity that ensures sustainable production processes. We present a novel integrated area of activity, whose purpose is to solve problems by identifying the factors of influence, coming from employees of versatile departments (structural units) and focused on industryspecific (sectoral) functions that are part of the comprehensive safety system of an enterprise.Methods of research. The author employed the established methods of comprehensive safety assurance to analyze a number of approaches. He also explored the features of their application. The author also substantiated the choice of the Lagrange multiplier method, used to formulate the problem of rational allocation of the resource designated for the sustainable performance of functions that assure the comprehensive safety of an enterprise.Problem statement. The author addresses the problem of rational allocation of the resource (the labor potential), considered as a factor of influence produced on the sustainable performance of industry-specific (sectoral) functions that comprise the system of comprehensive safety of an enterprise. An exemplary solution. The author offers an example that represents a description of the process of consecutive identification of critical points that are relevant to the impact (a coefficient) produced by the personnel on the sustainable performance of industry-specific (sectoral) functions that contribute to the comprehensive safety of an enterprise.Conclusions. Solutions for specific tasks, forming part of a methodologically described problem, will make it possible to develop a methodology for the synthesis of the comprehensive safety which is adaptable to different conditions of operation of an enterprise (day-to-day operations, as well as threats and emergencies of natural and man-induced origin), and each is of great economic importance for Russia.

Dual innovation: the road to sustainable development of enterprises

PurposeThis paper aims to provide policy suggestions for enterprises to carry out dual innovation.Design/methodology/approachThis paper studies the practical examples of dual innovation and the development cases of dual innovation of typical Chinese enterprises.FindingsThis paper demonstrates the mutually promoting relationship between dual innovation and sustainable development of enterprises and puts forward suggestions on how to effectively develop dual innovation in terms of corporate governance, resource access, market orientation and business model.Originality/valueThe research results of this paper are helpful for enterprises to better carry out dual innovation, so as to achieve sustainable development.

The Sustainable Success and Growth of Social Ventures: Their Internal and External Factors

The social venture ecosystem is important for the growth and sustainability of social ventures. This study aims to expand our understanding of the sustainable success and growth of social ventures by analyzing both their internal and external factors using interviews with social venture entrepreneurs and stakeholders in the ecosystem. A qualitative research method is employed to examine the interviewees’ perspectives, and the data were analyzed using the framework of grounded theory. The three-step grounded theory process was performed via open coding, axial coding, and selective coding. The study findings are drawn by organizing the outline according to this coding method. Entrepreneurs’ awareness and willingness to solve social problems led to a sense of challenge, and the formation and maintenance of business models in the preparation stage positively affected the performance of social ventures through internal corporate resources and external cooperation. The study is of academic significance in that it presents a diversified dynamic concept of sustainability of social ventures compared to previous studies, which have been only fragmented studies. It also presents a number of managerial implications for sustainable development and the constant growth of social ventures.

Ownership Characteristics,Corporate Social Responsibility, Resource Productivity And Firm Performance: An Empirical Study

Corporate governance continues to be at the forefront as evinced by some of the recent incidents at organisations such as Tata Sons, Yes Bank and ICICI bank. Traditionally, ownership characteristics have been considered as close substitutes representing corporate governance, considering that board processes and activity do not yield themselves to much scrutiny beyond a few media reports and analysis. The research article undertakes a study of ownership, corporate social responsibility(CSR) and resource productivity in the Indian context. Using a sample of 900 firms from the non-financial domain, the study uses multivariate regression to identify the effect on market based measure of firm performance. Results indicate that all the ownership variables have a positive and significant influence on market based metrics of organisations. However, the CSR orientation or intent does not indicate any impact on organisation’s market based metric. The resource productivity, on the hand is strongly positive, indicating that markets recognise, intuitively the impact of competencies and capabilities of people. For practitioners, the implications are the quest to identify further levers of strategic and competitive advantage since the governance indicators have merely explained a small part of firm performance.

The impact of CEO power and institutional discretion on CSR investment

AbstractBased on a large international sample, we show how the decision‐making power of CEOs in conjunction with prevailing institutional discretion relates to corporate resources allocated toward CSR strategy. First, especially with greater institutional discretion, powerful CEOs pursue exaggerated CSR strategies aiming at reputational gains for their private benefit, while not necessarily bearing the costs of their decisions. Second, such CEO‐induced CSR enhancements turn out to be defective CSR overinvestment, ultimately entailing a decrease in firm value. By complementing organizational factors with institutional characteristics, we refute previous contradicting empirical evidence regarding a significant CEO effect and show a conditional relation between CEO power and CSR choice. Our results are robust to alternative sample compositions, different variable definitions, and various methodological specifications.

A Study of Role and Duties of Human Resources in Multi-National Corporations

A Study of Role and Duties of Human Resources in Multi-National Corporations

Models of Team Role Composition for Completing an IT Company on a Fuzzy Set Platform

At present, in the global economic crisis and the COVID-19 pandemic, the development and operation of distance learning and student education are more relevant than ever. The COVID-19 crisis, in addition to the world pandemic, has dealt a devastating blow to the economy of the state and organisations. Insufficient level of research support, imperfection of organisational structure and organisation of management of scientific and technical activities in IT projects necessitate revision and improvement of the existing management system of such projects. The purpose of the study is to develop comprehensive models to increase the objectivity of the role assessment of the applicants' competences during the staffing of specialists for the IT company in conditions of uncertainty on the platform of fuzzy sets. The following theoretical methods of scientific cognition were used in the study: method of synthesis and analysis of information, statistical method, method of maximisation and method of Max-disjunction. The study considers the developed model for assessing the applicants' competences in the staffing of the role of specialists of the IT company using the platform of fuzzy sets. The study analyses the current problems of recruitment, human or labour resources in corporations whose activities are related to the development of software in various fields. The approximate composition of roles in modern IT companies with the recommended socionic types of information metabolism for each specific executor of the IT project is given. The incentive mechanism in the context of specific constraints enables the improvement of the system of rewarding IT staff and makes it possible to differentiate such staff using project management tools. The authors of the study have developed a fuzzy model for assessing the competences of a candidate for any position in an IT corporation. The study provides linguistic variables, the basis of the rules of fuzzy products, and the conclusion of the dependences of the output variable on the input data of the developed fuzzy model

Antecedents and consequences of green supply chain management in Taiwan's electric and electronic industry

PurposeEnvironmental sustainability is one of the most pressing issues faced by the electric and electronics industry today. Industries are being challenged to incorporate environmental initiatives in their corporate strategies. Thus, this study aims to investigate the impact of stakeholder pressures (regulatory, internal and market) on green supply chain management and green corporate resources as well as their effects on the economic and environmental performance of Taiwan's electric and electronic industry.Design/methodology/approachA total of 194 valid questionnaires were collected out of the 1,000 questionnaires distributed to Taiwan's electric and electronic product manufacturers. A structural equation modeling, using Amos 22.0, was used to test the hypotheses.FindingsThe results of the analyses show that stakeholder pressure has a significant positive impact on corporate green resources and green supply chain management practices while green supply chain management practices have a significant and positive impact on organizational performance. Moreover, corporate green resources provide a mediation between organizational stakeholder pressure and green supply chain management.Practical implicationsThe results may be of value and interest to supply chain managers and policymakers on the push factors for implementing green supply chain management practices and their consequences.Originality/valueThis paper shows the complementarity of stakeholder and resource-based theories in influencing organizational performance in the electric and electronic industry in the context of sustainable development. This also enhances the understanding of the antecedents and consequences of green supply chain management and provides robust findings on the relationship between environmental and economic performance.

The Effect of Corporate Social Responsibility on Brand Performance with the Mediating Role of Corporate Reputation, Resource Commitment and Green Creativity

Following the strategic decisions of business managers in the community, issues have been raised that lead to changes in the community. One of these issues, which is becoming increasingly important, is consideration of corporate social responsibility. Therefore, the focus of this study was the effect of corporate social responsibility on brand performance with the mediating role of corporate reputation, resource commitment and green creativity. The research method was survey. The statistical population was employees of private banks, 507 of whom participated in the study. Structural equation modelling with SMARTPLS software was used to analyse the data. The results showed the effect of corporate social responsibility is positive and significant on resource commitment, green creativity, corporate reputation and brand performance. The effect of resource commitment, green creativity and corporate reputation is positive and significant on brand performance. Brand performance will be improved if the company supports employee higher education, encourages employees to develop their skills and abilities, implements flexible policies to provide work-life balance for employees, prioritizes employee needs and demands, has plans to reduce the negative effects of the company on the environment, and participates in activities aimed at protecting and improving the quality of the environment.

The Pragmatic Theory of the Firm

Four key ideas provide the foundation for the pragmatic theory of the firm, which is expecially useful for managements and boards in developing an understanding of how companies create long‐term value for the benefit of all stakeholders.First, and a necessary point of departure, is clarity about the purpose of the firm. Maximizing shareholder value is viewed not as the social purpose of the firm, but as a consequence of a company's effectiveness in carrying out a purpose that recognizes the benefits of success to all key corporate stakeholders.Second, a company's knowledge‐building proficiency, in relation to that of its competitors, is viewed as the primary determinant of its long‐term performance. Nurturing and sustaining a knowledge‐building culture facilitates the discovery of obsolete assumptions and early adaptation to a changing environment.Third, the theory avoids “compartmentalizing” a company's activities into silos by treating the firm as a holistic system. A key component of the theory that quantifies corporate performance is the life‐cycle framework in which economic returns exhibit “competitive fade” over the long term. This holistic way of thinking provides insights about intangible assets and other sources of excess shareholder returns.Fourth, managing corporate risk should focus on identifying and removing all major obstacles to achieving the firm's purpose. Such obstacles can lead to value destruction through, for example, unethical behavior and all forms of shortsighted failure to recognize and make the most of opportunities to increase long‐run productivity and value.This theory of the firm is pragmatic in the sense that it aims to produce insights about a company's (or business unit's) performance that can improve management's decisions, especially in allocating capital and other corporate resources. The author uses John Deere's life‐cycle track record over the past 60 years to illustrate a successful application of the theory.

Lacustrine Arcellinida (testate lobose amoebae) as bioindicators of arsenic concentration within the Yellowknife City Gold Project, Northwest Territories, Canada

Arcellinida (testate lobose amoebae) were examined in near-surface sediment samples from 30 lakes located within the Gold Terra Resource Corporation (GTRC) Yellowknife City Gold Project, Northwest Territories, Canada, to assess the applicability of using the group as a robust tool to assess Arsenic (As) contamination. Lake contamination by As is of concern in the Yellowknife area because it is derived from geogenic (bedrock) and anthropogenic sources (legacy pollution from former mining operations, particularly the Giant Mine [1948–2004]). Statistical multivariate analyses (cluster analysis, non-metric multidimensional scaling [NMDS], and redundancy analysis [RDA]) were performed on geochemical (inductively coupled plasma mass spectrometry [ICP-MS]) and organic (loss-on-ignition) data to identify geochemical and hydrogeological controls on the arcellinidan distribution in the lakes. Three distinct faunal assemblages were identified using Cluster analysis and NMDS: 1) Elevated Arsenic Assemblage (EAA; Approximately Unbiased (AU) p-value = 97 %; median As =272.4 mg/kg, range = 42–1353 mg/kg ; n = 9); 2) Centropyxid-Dominated Assemblage (CDA; AU p-value = 87 %; median As =169.7 mg/kg, range 60–233 mg/kg ; n = 9); and, 3) Difflugiid-Dominated Assemblage (DDA; AU p-value = 95 %; median As =61.3 mg/kg, range = 16–316 mg/kg ; n = 12). Six statistically significant controls on assemblage structure were identified using RDA. These were As, calcium, iron, strontium, water depth, and total organic carbon (Arcellinida variance explained = 36.2 %) — As is the most significant control (12.2 %; p-value < 0.002). Stress-tolerant centropyxids dominate in lakes characterized by elevated sedimentary As concentrations (64 % centropyxids in EAA; 40 % centropyxids in CDA), while stress-sensitive taxa thrived in samples associated with lower As concentrations (DDA). Our results corroborate the findings of previous Arcellinida studies in subarctic Canada and confirms the reliability of using Arcellinida as a reconnaissance tool for tracking As contamination in impacted lakes.

Neurogastronomy as a Tool for Evaluating Emotions and Visual Preferences of Selected Food Served in Different Ways.

The appearance of food provides certain expectations regarding the harmonization of taste, delicacy, and overall quality, which subsequently affects not only the intake itself but also many other features of the behavior of customers of catering facilities. The main goal of this article is to find out what effect the visual design of food (waffles) prepared from the same ingredients and served in three different ways—a stone plate, street food style, and a white classic plate—has on the consumer’s preferences. In addition to the classic tablet assistance personal interview (TAPI) tools, biometric methods such as eye tracking and face reading were used in order to obtain unconscious feedback. During testing, air quality in the room by means of the Extech device and the influence of the visual design of food on the perception of its smell were checked. At the end of the paper, we point out the importance of using classical feedback collection techniques (TAPI) and their extension in measuring subconscious reactions based on monitoring the eye movements and facial expressions of the respondents, which provides a whole new perspective on the perception of visual design and serving food as well as more effective targeting and use of corporate resources.

Арктическая корпорация: подступы к формированию новой теории (часть 2)

&lt;span&gt;В первой части статьи (см. «ЭКО» № 1/2021) были сформулированы основные положения теории арктических ресурсных ТНК, проанализированы их радикальные отличия от ТНК, работающих в обрабатывающей промышленности и сервисе. Однако существуют не менее серьезные различия арктических корпораций друг от друга, в значительной мере определяемые спецификой природных активов и теми вызовами, которые эта специфика и место размещения выдвигают перед компаниями. Кроме того, в последние годы обозначилась тенденция к гибридизации добывающих и обрабатывающих компаний в Арктике за счет размещения стадии обработки в месте добычи ресурсов и перехода компаний разной специализации на платформенную модель организации бизнес-процессов. Показаны различия традиционной и платформенной моделей корпоративного освоения Арктики, доказано, что во втором случае социальные издержки освоения оказываются выше. Это обусловливает необходимость активизации роли государства в установлении общего регламента поведения государственных и частных ресурсных корпораций в Арктике.&lt;/span&gt;

Formation of the mechanism of ensuring economic security of the agricultural enterprise

The scientific article proposes a mechanism for ensuring the economic security of an agricultural enterprise, which contributes to the improvement of the financial position of an economic entity in the existing one. The current system of the process of ensuring economic security is a guarantee for the stable development of an economic entity, therefore the developed mechanism is in demand and a necessary condition for the development of an agricultural enterprise. The mechanism for ensuring the economic security of an enterprise is formed through a system of management activities in financial relations by using certain principles, financial levers, tools, methods of legal and information research, which allows achieving the main goals of the enterprise. Among the main components of the mechanism for ensuring economic security, eight main stages of the entire mechanism are proposed. The scope and specificity of the enterprise's business is formed taking into account the property status and financial interests of the enterprise: growth in the market value of the enterprise and maximization of profits; sufficiency of fixed and working capital; availability of the required volume of investment resources; optimization of payments to the budget, etc. ensuring the economic security of the enterprise plays a significant role in its functioning as a whole. The implementation of an effective mechanism for the economic security of an enterprise requires proper attention from managers to the level of integration into the global information space, the economic interests of the company, the level of expenditure of corporate resources and a clear organization of activities. The mechanism of the process of ensuring economic security is based on a systemic combination of certain tools, methods, means and information and analytical process of ensuring, created on the basis of objectively existing principles of the process of ensuring economic security, as well as those that are formulated by the subjects of managing the economic security of an enterprise to achieve and protect it. financial interests.

THE NEED OF THE BALANCE OF RISKS AND PROTECTION OF STAKEHOLDERS INTERESTS IN STRATEGIC MANAGEMENT OF FINANCIAL AND ECONOMIC SECURITY OF BUSINESS ENTITIES

The necessity of balancing the processes of ensuring the maximum level of satisfaction of interests of stakeholders of business entities and risk management during the realization of the tasks of strategic management of financial and economic security is substantiated. The definition of strategic management of financial and economic security is proposed, according to which its concept is interpreted as a process of using the entrepreneurial capabilities of a business entity to ensure the stability of its operation and to achieve long-term goals in the conditions of the constant need to protect corporate resources from the negative impact of external and internal threats and risks. The role of the stakeholders interests have been established in the processes of strategic management, risk management and financial and economic security management. The interests of stakeholders of business entities and the risks to financial and economic security that arise during their satisfaction are critically assessed and summarized. According to the results of the questionnaire of experts — representatives of business owners and top managers of a number of companies that carry out financial and business activities in the Ukrainian market, quantitative indicators of managers that would decide on the adoption of economic risk to meet the interests of stakeholders in the strategic perspective were made. A map of stakeholders of business entities for the needs of strategic management of financial and economic security of business structures is offered. It is proposed to initiate the process of forming risk catalogs taking into account the probability of their occurrence, depending on the level of stakeholders interests and needs satisfaction. The necessity of combining mechanisms of stakeholder management, strategic management, risk management and financial and economic security management in the integrated system of security-oriented management of economic entities in the conditions of financial instability characteristic of the post-crisis period of recovery and development of the Ukrainian economy is proved.