Current Enterprise Research Articles

Exploration on the financing risks of enterprise supply chain using Back Propagation neural network

In order to study the risk management of supply chain, promote collaboration among node enterprises, and ensure the normal and good development of supply chain, a risk evaluation model of supply chain based on BP (Back Propagation) neural network (BPNN) was constructed to explore the existing factors affecting the risk evaluation of the supply chain and to build risk evaluation index system of supply chain. The results show that BPNN has unique advantages in solving such highly non-linear problems as evaluation of risks of the supply chain. The proposed method can be regarded as an effective technical means to determine a supply chain risk and provide current enterprises with effective decision support to carry out the risk management of the supply chain. As a result, the proposed model will provide a good reference for enterprises and other financial institutions to expand the financing business of supply chain and facilitate the evaluation of enterprise credit risk.

Marketing Innovations in Industry 4.0 and Their Impacts on Current Enterprises

This paper discussed the marketing innovations associated with Industry 4.0 and the effects that these innovative approaches cause. The main aim of the research was to discover the relationship between marketing innovations and their effects. Knowledge of this relationship can be used for the strategic planning of industrial companies in practice. The research methodology consisted of pilot research followed by primary research in industrial enterprises. The data were evaluated by descriptive statistics, statistical hypothesis, and correlation analysis. Through the research, the authors identified the importance of 17 innovative marketing tools and the strength of the use of 11 effects resulting from the implementation of these tools. The authors identified the relationships between tools and their implications in Industry 4.0 where a correlation was demonstrated. A list of 11 strategic objectives was created and, subsequently, a specific marketing mix proposal for each objective consisting of innovative marketing tools was as well. The results of this work enable enterprises involved in Industry 4.0 to better plan.

Security Assessment Model for Database Relational Designs

The increasing number of data breaches has led many organizations to focus on securing their IT infrastructures and application architectures. However, the main causes of many of the latest attacks are not associated with these two architectures. The damage caused by most of the recent attacks could have been minimized if more attention was given to enhancing the security of all components of the database architecture. The existing enterprise database architecture frameworks do not consider this issue a priority; hence, it has received minimal attention. The enterprise database architecture is the most important architecture because it is responsible for defining how all types of data, whether security-critical or not, are stored and accessed. This paper focuses on addressing the lack of a complete solution to help enterprise system architects to address the security of their organizations from early stages. The novelty of this approach is that it specifies how to modify the required artifacts by the enterprise database architecture to address security-critical data. The approach also defines a number of security measurements that help enterprise architects in measuring the security of the organization database based on those artifacts. These metrics are developed based on the results of a cybersecurity experiment conducted on 100 randomly selected open-source websites. The paper's contributions also consist of the definition of a number of security refactoring rules that specify how to modify current enterprise databases to make them more secure. This paper uses an existing relational diagram for a health clinic database to illustrate the application of the model to an existing database. The validity and applicability of these metrics and refactoring rules are proved using an experiment conducted on a number of security-related databases.

ЦИФРОВОЙ ДВОЙНИК ПРОИЗВОДСТВА – СРЕДСТВО ЦИФРОВИЗАЦИИ ДЕЯТЕЛЬНОСТИ ОРГАНИЗАЦИИ

Currently, the strategies of Industry 4.0 are increasingly used in all areas of industry and economy. One of the tools of Industry 4.0. is a digital twin of the enterprise. The digital twin is a virtual representation of a physical object that takes into account all changes that occur with this object, registers and displays in digital form the structure of the object in accordance with these changes. The digital twin increases the efficiency of interaction between geographically distributed workshops or enterprises, creates prerequisites for the introduction of technologies of unmanned production. With regard to the technological process, the digital twin, receiving information from sensors located on the technological lines of the enterprise, by processing and analyzing it, provides authorized employees comprehensive information about current enterprise situation. Introduction of the concept of a digital twin allows you to increase the safety of the entire organization, reduce the financial and time costs for developing new models of technological processes, to achieve the most rational decisions of multi-criteria tasks in production.In the conditions of widespread digitalization and automation, the introduction of digital twin technologies is an important step towards the development of the enterprise, preservation and increase of its influence in the market.

The technical challenges of better Space Situational Awareness and Space Traffic Management

PurposeThis article explores the estimated collision risk for earth-orbiting spacecraft; the far-reaching effects of collisions and explosions; and the factors and challenges in obtaining timely, accurate, comprehensive, and transparent positional and situational awareness of our space operating environment, known as Space Situational Awareness (SSA). The practical implications of these challenges on our ability to conduct SSA and Space Traffic Management (STM) is also examined. ApproachTo meet the goals of this paper, the findings of previous collision risk, SSA and STM research papers were aggregated and summarized. FindingsOverall, collision risk is not insignificant and continues to increase. While well-intentioned and typically beneficial, measures taken by operators and SSA centers to address collision risk are insufficient. SSA and STM are extremely challenging, and a holistic approach must be taken to address deficiencies throughout the current enterprise. Practical implicationsTimely and substantive improvements are required across the SSA and STM enterprises in order to maximize the effectiveness of safety-of-flight procedures and analyses.

HeteMSD: A Big Data Analytics Framework for Targeted Cyber-Attacks Detection Using Heterogeneous Multisource Data

In the current enterprise network environment, multistep targeted cyber-attacks with concealment and advanced characteristics have become the main threat. Multisource security data are the prerequisite of targeted cyber-attacks detection. However, these data have characters of heterogeneity and semantic diversity, and existing attack detection methods do not take comprehensive data sources into account. Identifying and predicting attack intention from heterogeneous noisy data can be meaningful work. In this paper, we first review different data fusion mechanisms of correlating heterogeneous multisource data. On this basis, we propose a big data analytics framework for targeted cyber-attacks detection and give the basic idea of correlation analysis. Our approach will offer the ability to correlate multisource heterogeneous security data and analyze attack intention effectively.

Methods of managing the return on investment in the development of enterprises

The notion of the term the minimum allowable return on investment in the development of an industrial enterprise was defined in the article; the methods of estimation and regulation of the level of profitability investment in the development of the enterprise were offered and the main features of conduct were revealed in the article. The authors note that the simultaneous increase of growth indices of production and material efficiency continues operating cycle, but its duration is relatively less than with the increase of only the total amount of investments invested in the enterprise earlier, and it proves the efficiency of production scale growth. The paper provides for various options of the use of the suggested model that shows the mathematical dependence between the rate of increase in output and the level of current enterprise expenditures.

현대 통영누비 산업의 특성과 현황

The purpose of this study is to examine the history and characteristics of Tongyeong Nubi(quilting) and analyze how its tradition is passed down and its contemporary applications, as well as its current enterprise and products. This study started with examining the history and characteristics of Tongyeong Nubi by referencing newspaper articles searched by the two keywords, “Tongyeong Nubi” and “Chungmu Nubi.” Then, it investigated the history of Tongyeong Nubi, the existing status of the Tongyeong Nubi industry and manufacturers, and education based on books published by Tongyeong City Hall. Lastly, it studied Tongyeong Nubi products by analyzing websites on Tongyeong Nubi and conducting in-store surveys from June to September 2018. Tongyeong Nubi utilizes the sewing machine and Tongyeong foot pedal but follows the traditional hand-sewn quilting method. It feature by embroidery such as peony or bat patterns on top of the quilting fabric. The study found that Tongyeong Nubi was popularly used to make Ibul (coverlets) for wedding gifts and Chune (baby blanket) in the past. Today, the demand for Tongyeong Nubi bedding and clothing is very low and only small accessories utilizing Tongyeong Nubi, such as bags, wallets, and pouches, are produced and sold. Even though there is an effort to make various Tongyeong Nubi products, they are only for display.. Furthermore, the “Tongyeong Nubi Craftsman” course was offered to pass on the knowledge of Tongyeong Nubi to the next generation up until 2017, but it currently runs as an occasional one-time promotional event. Tongyeong Nubi has been merely viewed as a souvenir from the Tongyeong area despite its being representative of the region’s traditional crafts. Governmental support has also been insufficient compared with other traditional Tongyeong crafts. Hence, the development of various Tongyeong Nubi product designs is needed to expand the market.

Characterization of strategic emerging technologies: the case of big data

Current enterprises face organizational and cultural barriers to adopt and harness the potential of strategic emerging technologies. Late adoption of these technologies will affect competitiveness from which it will be hard to recover. Within the frame of technology analysis field, the present work aims at introducing an approach to obtain the characterization of emerging technologies, which facilitates understanding and identifies their potential. This characterization is based on the analysis of scientific activity, to which a set of quantitative methods is applied, namely bibliometrics, text mining, principal component analysis and time series analysis. The outcome is based on obtaining a set of dominant sub-technologies, which are described by means of individual time series, which also allow evolution of the technology as a whole to be forecasted. The approach is applied to the Big Data technology field and the results suggest that sub-technologies such as Mobile Telecommunications and Internet of things will lead this field in the near future.

Use of K-Means Clustering and Analytical Methods Hierarchy Process in Determining the Type of MSME Financing in Semarang City

The Indonesian government launched an entrepreneurial program to encourage economic growth, one of which is MSME(micro, small and medium enterprises). The constraints commonly faced by MSME are limited enterprises capital. The government has also tried to provide assistance financing for MSMEs in the form of CSR (Corporate Social Responsibility), KUR (Credit People's Enterprises) and KTA (Unsecured Credit). For this type of financing or credit determined based on the type of enterprises accompanied by criteria including number of assets, turnover annually, number of employees, current enterprises period and net income. Based on background behind this research aims to help provide recommendations on types MSME capital financing based on assets, turnover, number of employees, enterprises period and net income of a MSME. This research uses data from MSME in the Semarang City, which has been registered with the Semarang City Cooperatives and MSME Office. K-Means Clustering Method is used to cluster net profit criteria. Then the Analytical Hierarchy Process (AHP) method is used to search recommendations on the types of MSME financing based on each weighted criteria. The results of this application are recommendations for types of capital financing MSME is based on assets, turnover, number of employees, enterprises period and every net profit of MSME. For testing of the system being built, it is carried out by means of a blackbox test. From the test results obtained show that the actual results are appropriate with the expected results so that the functional system is running well. Suggestions from this research, it is necessary to develop further systems regarding grouping data to be more specific.

N. Priymak, Dual-system change management in the enterprise.

The study determined that the successful implementation of changes in an enterprise is determined, on the one hand, by the state of the external environment and the acceptability of changes by this environment, and on the other, by the state of internal strategic resources. It is this approach to the effective implementation of changes in the article that forms the basis for a two-loop change management system in an enterprise. The author determined that the change management system is a set of interrelated elements of the management process aimed at achieving the goals of change in the context of the current enterprise strategy. To ensure the effectiveness of change management in the operating conditions of an enterprise as an open system, it is proposed to consider a two-loop scheme of a change management system. As part of the implementation of the external change management loop, the external environment of the enterprise’s activity is studied in order to identify external drivers of change and determine their impact on the strategic opportunities for change, as well as the consequences of their implementation for the enterprise. The information obtained at this stage of change management is used by change management to identify threshold changes and unique opportunities that form the basis of the core competencies of the enterprise. As a result, the strategic opportunities for changes necessary to implement the overall strategy of the enterprise are determined. The transformation of information about strategic opportunities for change occurs through the “prism” of the strategic potential for change and the interaction of actors and objects of change. It is proved that the scheme for implementing an enterprise change management system involves the use of four elements (subsystems) that interact with each other: functional, organizational, informational, and motivational, which ensure the achievement of change goals.

BAHALA NA: In Search of an “Ordinary Theology” for the Filipino Diaspora

Abstract In the contemporary theological landscape Filipino theology has remained marginal compared to Latin-American theologies. Hence, this paper attempts to present Bahala Na as a Filipino articulation of Astley’s Ordinary Theology in the context of Filipino diaspora. With this, we assert that the importance of ordinary Filipino migrants’ input in the current theological enterprise cannot be overlooked because the churches in the world are now phenomenally populated by the millions of Filipinos who possess a unique faith that has sustained them amidst the precariousness of their diasporic life. We believe that ignorance of this inculturated theology is ignorance of the real essence of “catholic” theology.

Research on the Improvement Strategy of Express Service Quality Based on Six Sigma Method

The promotion of service quality is an important way to increase the popularity of consumers, enhance the competitiveness of enterprises, improve customer loyalty and support the development of e-commerce. It is also the most important issue for current express delivery enterprises and it needs to be solved. Based on the DMAIC analysis process of Six Sigma, this paper selects some enterprises which apply ideas of Lean Production principles and Six Sigma to improve tools by the case study method. This paper aims to provide corresponding improvement strategies, the control methods of overall process and some guidance for China express delivery enterprises which make use of the Six Sigma method. The improvement strategy is to formulate the solution to the express surge; improve the cooperation mechanism of land and air transport; Enhance staff service quality awareness; optimize the workplace environment; accelerating the transformation and upgrading of infrastructure; improve the overall service quality level of the enterprise; the whole process control method is to re-measure the system analysis; re-evaluate the process capability of the focus process; Develop and strictly implement process control plan.

Thought of Modern Chinese Family Enterprise Troubled Debt Restructuring Institution and Contemporary Significance

The troubled debt restructuring of enterprises not only is a very important theme in current Chinese economic development, but also has been the extremely key issue in both practice and theory aspects in modern China, so the exploration of thought of modern Chinese family enterprise troubled debt restructuring institution has both contemporary significance and historical value. Unfortunately, most of existing studies remain at the elaboration of specific historical processes and the examination of some historical concepts, but lack systematic pectination and interpretation of troubled debt restructuring institution. From the perspective of history of economic thoughts, this paper has a thorough investigation on the origin, system design and evolution of troubled debt restructuring of modern family enterprises. It comes to the conclusions as follows:firstly, the propagation and application of the thought of western bankruptcy discharge in the late Qing Dynasty accelerated the transition from Chinese traditional debt settlement institution to modern troubled debt restructuring institution, and laid a foundation for the implementation of troubled debt restructuring institution in family enterprises; secondly, Confucian ethics plays an important role in the formation and development of modern family enterprise debt restructuring institution; thirdly, the thought of modern Chinese family enterprise troubled debt restructuring institution has experienced three stages in general, namely enterprise-leading, bank-leading and trust company-leading, and these changes imply a process from prematurity to maturity. This paper provides not only a more complete picture for the understanding of modern Chinese family enterprise troubled debt restructuring institution, but also historical significance for current enterprise debt restructuring practice in aspects like how to defuse moral hazard, improve the efficiency of capital use and strengthen the effect of debt restructuring.

Does the Rise in Housing Prices Squeeze Export Energy in China

Too fast rise in housing prices will bring a wide range of impacts on the entire society and economy. Although academia and government policy makers have recognized the impact of the rise in housing prices on productive investment, corporate innovation, entrepreneur behavior and corporate finance, the relationship between the rise in housing prices and enterprise export has not been drawn enough attention. And what is the relationship between the rise in housing prices and the export performance of enterprises? Based on the data of export enterprises in 35 large and medium-sized cities, this paper uses Heckman two-stage model to estimate the effect of the rise in housing prices on export performance of enterprises. It comes to the results as follows: firstly, the rise in housing prices increases the export quantity, but hinders the increase in export product categories, the improvement of export technical complexity and the expansion of export markets; and in general, the rise in housing prices leads to the reduction in the amount of enterprise export; secondly, the rise in housing prices has different heterogeneity effects on different types of enterprises, and has more prominent negative effect on small and medium-sized manufacturing, private and processing trade enterprises; thirdly, the internal mechanism concerning the effect of the rise in housing prices is embodied in the squeeze of export energy mainly through labor costs, financing constraints, R&D and labor mobility. This paper provides not only the enlightenment of a more comprehensive understanding of the social impact of the rise in housing prices, but also the reference about how to deal with current enterprise export dilemma for governments.

Study on an Information System Integration Scheme of Enterprises Based on RFID Technology with SOA

Radio frequency identification(RFID) is high technology, which can rapidly and real-timely acquisition information and accurately deal with information. And it has broad application prospects in retail, logistics, transport and other fields. Service oriented architecture(SOA) is a service-oriented architecture, which is used to design and realize the loose coupling software. For the existing shortcomings of current enterprise information system integration, the RFID technology and SOA are introduced into system integration in order to propose a new enterprise information system integration scheme in this paper. In the proposed system integration scheme, the middleware uses the business documents as the carrier of data exchange among other enterprise application systems, and the data stream technology is used to filter and package RFID data. The rule parsing technology is used to control the business processes. The SOA is used to realize the loose coupling and integration of RFID data event and application system, and deal with the configuration of the components. At the same time, .NET Remoting technology is used to realize the distribution architecture of middleware in order to ensure the deployment flexibility of middleware. The applied cases of a demonstrative application system, blood management and traceability system are used to illustrate its feasibility and effectiveness of the proposed integration scheme. The enterprise information system integration scheme provides an effective solution for system integration between different enterprises or internal enterprises. It can solve the compatibility between different application systems, and takes on the higher service efficiency, less CPU average occupation and better average response time. This study provides a stable and effective solution for information sharing between enterprises, improves the work efficiency and reduces the whole work management capital, and continuously improves the informatization level of the enterprises.

Inventory Management and SMEs Profitability. A Study of Furniture Manufacturing, Wholesale and Eatery Industry in Delta State, Nigeria

Inventory constitutes bulk of current assets small and medium scale enterprises (SMEs) such as bakeries, fast food/eateries, chain stores and furniture making firms. SMEs need to understand the true costs associated with inventory management and poor inventory productivity so as to be able to review the benefits of alternative approaches. The objective of the study was to examine the effect of inventory management on profitability of SMEs in Nigeria. The study used a descriptive research design. The population consists of all SMEs operating in Delta State. The study used stratified random sampling. 10 SMEs were randomly selected from each stratum making a total of 30 firms for the study. Data for the study were obtained through the administration of a self-designed questionnaire to managers or accountants of the sampled firms. The questionnaire was structured to elicit information about the trading and financial activities for the last two accounting years. A multiple regression analysis was conducted to test the model established for the study. Findings of the study reveal that inventory turnover has a significant positive relationship with financial performance of SMEs. The study also reveals that there is a negative relationship between inventory conversion period and profitability; and no significant positive relationship between inventory leanness and profitability. The study concludes that inventory management has a great role to play in corporate financial performance of firms hence firms’ inventory systems must maintain an appropriate inventory levels to enhance profitability and reduce the inventory costs associated with holding excessive stock in the warehouses. In line with the findings of the study, it is recommended that firms should embrace modern production technology that will enhance faster production to shorten inventory conversion period which will in turn improve inventory turnover and profitability.

Research on the Financial Problems in Marketing Channel Management of Enterprises

Nowadays, the enterprises pay more and more attention on the management of marketing channel. How to deliver the goods to the consumers quickly or provide them with convenient and high quality service directly affects the profitability and development of the manufacturing enterprises and distributors. Only the enterprises with high-efficiency, large-scale, low operation cost and flexible marketing channels have the initiative to win in the fierce market competition. Marketing and financial management are the twin pillars of the current enterprise management. Analyzing the income, cost, efficiency and management level of marketing channel in the perspective of financial management to realize the interaction and infiltration of the two pillars will effectively improve the management level and competition ability of the enterprises. As a result, it is of enormous theoretical importance and practical value.

Privacy‐preserving smart data storage for financial industry in cloud computing

SummaryThe recent booming development of cloud computing has enabled a dramatical revolution for current enterprises to create values. Numerous benefits of utilizing cloud services are enhancing the efficiency of improving or creating new businesses. This trend is also associated with the rapid growth of the wireless networks, such as 5G. However, the great increase of deploying clouds also leads to new concerns in data security. One of the major concerns is private leakage that derives from insiders' malicious operations or attacks. This problem has raised a great restriction for financial firms to execute cloud applications. Focusing on this issue, we propose a new solution, entitled Privacy‐Preserving Smart Storage (PS2) model that targets at solving the privacy leakage problems within the existing threat models. The proposed approach uses a novel distributed data storage method to prevent financial enterprises from insiders' massive data mining‐based attacks.

A Framework for Strategic Intra- and Inter-Organizational Adoption of the Blockchain Technology

Blockchain is a technology with disruptive, transformative and even revolutionary power, but currently its application faces many barriers: technological, governance, organizations and societal. A significant amount of knowledge from both the blockchain and related fields is available, but there is currently no comprehensive application-ready methodology guiding organizations through their blockchain adoption journey. This publication provides a framework based on two fundamental concepts: inclusion of blockchain in current Enterprise architecture as a requisition of safe and nondisruptive adoption, and coverage of the whole Adoption lifecycle, rooted in dynamic nature of blockchain as an ecosystem technology. Furthermore, this work covers the concepts of Evolutionary and Revolutionary development of blockchain enabled solution.