Global Business Development Research Articles

Decision Support System for Supplier Selection on Time Concept with AHP and SAW Method

Seeing the rapid development of global business causes companies to compete as the best to meet global market demands. In the current era of globalization, technological development is beneficial for human life. All human activities today can be done quickly and easily using a computer. Decision Support System is a computer-based system that assists decision-making in utilizing specific data and models to solve various unstructured problems. Decision makers in selecting the best supplier for Time Concept are still having difficulties, and this is because there are no appropriate criteria and weights. Making a decision support system is expected to help solve the problems in Time Concept. Moreover, it can provide benefits or convenience for Time Concept when selecting the best supplier. The author uses the method of Analytical Hierarchy Process (AHP) and Simple Additive Weighting (SAW). According to the system test results, the Consistency Ratio (CR) calculation value is 0.0752. The comparison assessment is considered CONSISTENT if the Consistency Ratio (CR) value is not greater than 0.1000. So that the comparison of the criteria does not need to be recalculated because it is CONSISTENT.

New business models in the Circular Economy

Abstract Circular Economy is becoming an important part of the trend on global business development. Companies and public organizations are facing new challenges and strive to integrate fresh concepts and instruments within their value chains. Strategic environmental goals are based upon reused resources and reintegrated materials, reduced carbon emissions, renewable energy, innovation, and overall optimization of models and processes. Governmental agencies are also preoccupied to enact specific regulations, to favor the economic and social integration of the circular economy. The advantages of the 6 R’s integration (recycle, reuse, reduce, repair, remanufacture, redesign) for businesses are straightforward, from cost optimizations, price volatility control, to increased automation and innovation. This paper is the first step of a more complex research endeavor, aiming to assess the feasibility of various fine tunings on specific business models that integrate circular economy principles. We have based our current assessment on six industries, with a major impact on the environment, and that can provide impacting solutions for environmental preservation. For each analyzed industry, a specific original diagram was provided, integrating the main industrial processes, outcomes, and reuse opportunities, derived from circularity principles. The literature review was intended to support each industry’s development pattern, highlighting different types of solutions for waste recycling, and business reorganization redesign.

Superior Talent Development Strategy in Preparing Future Leaders During Change

Talent management development is directly related to the organization's future-readiness. Competent, loyal, passionate, and highly motivated employees are important assets as future leaders, meaning the right strategy is needed for increasingly global business development readiness. Therefore, this study aimed to analyze the talent management policy strategies that promote organizational justice, where data were analyzed using the Fuzzy Analytical Process (FAHP) method. The results showed that a superior talent policy strategy is important and should be implemented according to the organization’s needs to prepare future leaders. The strategy is essential in preparing future leaders during change by involving BPJSTK management, the Ministry of Manpower, and talent. It is important to ensure the effective implementation of a superior talent development model in line with the needs of future leaders. Keywords: fuzzy analytical process, talent management, superior talent, development strategy, future leader

The Impact of Various Renewable Energy Sources to Reduce the Case of Resource Scarcity in the Global Business Market Area

Implication of renewable resources energy can properly develop every business practices. These are various renewable resources such as: solar energy, tidal power, hydroelectric power which can prevent environmental degradation. Carbon footprint has been highlighted due to innumerable usage of non-renewable resources. This should wisely use with usage of substitutes which prevent resource scarcity. Moreover, fossil fuels, coal and petroleum gas can accelerate pollution rate, hence there should be usage of alternative resources which can be fruitful for sustainable business development. Global business development mainly gives importance on low cost manufacturing which is mainly possible with the utilisation of renewable resources. This article mainly focussed on creating qualitative analysis by gathering secondary data from authentic journals. Article has been mentioned the renewable energy potential (reV) Model, this new tool to measure capacity of renewable resources. This can form positivity in business practices to have procurement in global business environment. Apart from this, some statistics such as Installation of renewable energy capacity in leading countries throughout the world in 2021, revenue of company for usage of alternative resources and capacity of renewable resources make a clear idea on positive impact with utilisation of renewable resources. Keyword : Business practices, procurement, Renewable resources, sustainable.

The newest bio-based composites are made from your garbage

Tato Bigio, co-CEO and co-founder, UBQ Materials and Gabriela Marziparo, global business development manager, Polyram Group, discuss the benefits of bio-based composites made from household waste.

Between A Glue and A Seal

Christian Tan Eng Teng, global business development manager, Bostik transportation sealants, answers questions about silane-modified polymers, which offer a wide applicability and share properties of both sealants and adhesives

Butadiene Rubber in the Petrochemical Industry

The Butadiene is a raw material used in the petrochemical industry. The use of Butadiene has risen with petrochemical market growth. The Global market is forecasting a demand growth for butadiene applications, especially for rubber materials. The estimated synthetic rubber market is $19.1 billion in 2021 and forecasted to reach $23.2 billion in five years. The dynamic growth in butadiene applications will introduce new products used in many things from the food industry to sports and goods. Also, the rubber materials have different applications in the automotive industry, oil and gas, medical products, and plastics. Companies’ strategic planning to increase the production of synthetic rubber for the global market. The demand increased as new applications were introduced to the market. The stability of oil prices will have the rubber market steady which always leads to optimal pricing. The diver for Butadiene rubber applications is to maximize production by having different kind of materials that applied for several products. The global business development indicated the ability to increases the synthetic rubber market rubber and capacities, which will enhance the chemical process techniques, new technology design, and efficiency that will maximize production and minimize product cost. Looking into the price difference between synthetic and natural rubber, many fluctuation variables were introduced in the price of each type. For example, synthetic rubber price is high, depending on crude oil, natural gasoline and naphtha prices, since those feedstocks are fed to the cracking units, as C4 is one of the cracking products. Therefore, any change in the oil prices will influence the butadiene price, which is the feed for most rubber plants. In addition, the utilities required for those plants to operate have a major impact on overall price. On the other hand, Natural rubber is an agricultural product and dependent on soil type and weather.

THE ROLE OF COMPETITIVE ADVANTAGE TO ENHANCE MARKETING PERFORMANCE: A STUDY ON INDONESIAN MSME BUSINESS COMMUNITY

The rapid development of global business requires MSMEs to understand what the market needs. The research deals with the impact of competitive advantage as a pertinent variable in enhancing marketing performance in Indonesian MSMEs businesses. In this study, continuous competitive advantage is a focal idea to keep up with today’s disruptive market in the digital era. This study examines how market orientation and entrepreneurial orientation influence marketing performance through competitive advantage in MSMEs businesses in Indonesia. The study uses path analysis and data collection obtained by using a sample from the MSME business community. The results show that market orientation and entrepreneurial orientation have a positive and significant effect on marketing performance, and competitive advantage can mediate it. For MSME, it is hoped that it can increase response to competitors' actions, open-mindedness, be proactive in responding to market opportunities, and differentiation strategies.

Streamlining and optimizing viral vector bioprocess and analytical development

Joseph Tarnowski Ph.DSenior VP, Cell & Gene Therapy Platform, GlaxoSmithKlineExperience in the research, development, registration and commercialization of products made using recombinant DNA technology. Earned a B.S. degree in Chemistry from Southeast Missouri State University, a Ph.D. degree in Biochemistry from the University of Tennessee Center for the Health Sciences and was a post-doctoral fellow at the Roche Institute of Molecular Biology. Held critical development roles for Roferon® A, Alpheron N®, Fiblast® Spray, CEPRATE® SC Stem Cell Concentration System, Natrecor®, Erbitux® Orencia®, Yervoy®, Nulojix®, Eperzan®/Tanzeum®, Nucala®, and Strimvelis™.Nina KotsopoulouVice President of Cell And Gene Therapy Technologies, Orchard TherapeuticsLeading a team focussed on in-house and external process and analytical development as well as outsourced manufacture. Nina has a BSc in Chemistry from the University of Athens and a DPhil in lentiviral vectors for gene therapy from Oxford University. Following her PhD, she briefly worked in her supervisors’ company, Oxford BioMedica, and went on to do 2 post-docs on haematopoietic stem cell biology, at Harvard Medical School and the University of Cambridge. She then joined GSK, where she initially led cell line development and associated process research for monoclonal antibodies and derivatives thereof. She then led Process Development for GSK’s Cell and Gene Therapy portfolio, including working with the inspirational team at TIGET, and completing the MAA submission for the first product, Strimvelis, for the treatment of ADA-SCID. Following on from GSK, and prior to joining Orchard, she was Vice President of Process Development at Autolus.Kinnari PatelCOO & Executive VP of Development, Rocket PharmaceuticalsShe has fifteen years of rare disease Research & Development experience including in Regulatory Science, Pharmacovigilance, Policy and Quality Compliance gained at leading pharmaceutical companies including AstraZeneca, Bristol-Myers Squibb, Novartis, Hoffmann La-Roche and Pfizer. She has led both small molecule and biologic development programs from Phase I through Phase IV across multiple therapeutic areas including immuno-oncology, oncology, respiratory, virology, transplantation and metabolism. Kinnari received the dual degrees of B.S. in Biology and Doctorate of Pharmacy from the USciences in Philadelphia, PA. She also completed a two-year Post-Doctoral Regulatory Affairs Fellowship through Rutgers University. Additionally, she received her Executive MBA from NYU Stern School of Business with specialization in Corporate Finance, Leadership and Strategy. Most recently, she graduated from the C-Suite Harvard Business School Advanced Management Program.Ramin BaghirzadeGlobal BD Head for Cell & Gene Therapy at AGC BiologicsDr Ramin Baghirzade is the Global Head of Business Development for Cell & Gene Therapy (C&GT) at AGC Biologics. With 15+ years of experience in life science and healthcare, Dr Baghirzade previously held roles of increasing responsibility at Roche and Lonza in global business development, strategic marketing and market intelligence functions. He holds a PhD Degree in Medical Sciences, as well as an MBA. Mark WomackChief Business Officer, AGC BiologicsAfter a decorated career in the U.S. Navy, Mr. Womack joined the management consulting industry, ultimately serving as the Chief Operating Officer for two global consultancies. He led both organizations to record highs in revenue and profit, while serving Fortune 200 clients across a wide range of industries. In 2018, he joined the AGC Biologics executive team and led the integration of three companies – across the U.S., Europe and Asia – that merged to create AGC Biologics. Following the highly successful integration, the board appointed Mr. Womack to the role of Chief Business Officer on January 1, 2019. In each of the past two years, he has led AGC Biologics to record highs in new business acquisition, securing contracts with many of the world’s most renowned pharma companies. Mr. Womack earned an Executive Management Certification from Harvard Business School, a Master of Science degree in Organization Development from Chapman University, and a Bachelor of Science degree in Education from Southern Illinois University.

The Research of Multinational Enterprises Transnational Management

With the development of global business, MNEs are always sinking into various pressures which are related to economic factors, social factors and informational factors. This situation making MNEs’ strategies is supposed to achieve those requirements that including global market integration, national responsiveness, worldwide learning. There are four important strategies which are widely used in MNEs internationalization process that including multinational strategy, global strategy, international strategy, and transnational strategy. This essay will introduce pursuing transnational strategy and some difficulties existing in this process. Furthermore, an example of an entrepreneurial subsidiary will be chosen to explore and conduct further research.

УПРАВЛЕНИЕ УСТОЙЧИВЫМ РАЗВИТИЕМ КОМПАНИЙ

The article analyzes the problems of sustainable development of companies. The concepts, approaches and concepts of sustainable development, methods and tools of its assessment on the example of PJSC Severstal are analyzed. The novelty is the justification that digitalization is becoming an integral part of the sustainable development of global business. Recommendations for improving the sustainable development of organizations are proposed. It is concluded that sustainable development is an important trend of a modern balanced economy, based on the development of the company in terms of both increasing profitability, increasing the efficiency of investments and other economic results, and assessing the impact on the environment, the environment and society. Assessment of sustainable development and its reflection in corporate social responsibility reports, annual reports and other public documents are becoming standard practice for large and medium-sized businesses.

The research of Born Global Firms’ transnational strategy

With the development of global business, Born Global Firms are always sinking into various pressures which are related to economic factors, social factors and informational factors. This situation making Born Global Firms’ strategies is supposed to achieve those requirements that including global market integration, social responsiveness, worldwide learning. There are four important strategies which are widely used in Born Global Firms internationalization process that including multinational strategy, global strategy, international strategy, and transnational strategy. This essay will introduce pursuing transnational strategy and some difficulties existing in this process. Furthermore, an example of an entrepreneurial subsidiary will be chosen to explore and conduct further research.

KEY TRENDS IN THE DEVELOPMENT OF MARKETPLACES AS A TRIGGER FOR THE TRANSFORMATION OF GLOBAL BUSINESS

This research analyses marketplaces in Europe and some other developed countries in order to determine their impact on global trade and business. The paper aimed to answer an important question - how e-commerce could transform modern business taking into account digital changes, a boom of cryptocurrency erasing trade borders and globalization. Sufficient evidence of this transformation is illustrated. A subsidiary objective of this research involves the building of a logical model describing correlation between marketplaces as integral part of e-commerce and global business development. Statistical data were based on variable indicators describing four categories of trading platforms, particularly online stores, price aggregators, marketplaces and classifiers. In addition, global indexes and macro-economic criteria were used in analysis. The methodology of statistical and regression methods was employed for economic-mathematical modelling. This allowed revealing the most important indicators affecting e-commerce and to create reasonable predictions for global business and trade. The research highlights important trends in the development of e-business under the digital economy.

Assessment of the programs for promoting the Public Private Partnership for global business development of Healthcare Technologies and Services in Japan

Assessment of the programs for promoting the Public Private Partnership for global business development of Healthcare Technologies and Services in Japan

Менеджмент краудсорсингових проектів транснаціональних корпорацій в умовах глокалізації

Purpose. Relevance of the topic under the study is determined by the need to find promising approaches to the implementation of innovative ideas for the global business development in the local markets. The subject of the study is a set of theoretical, methodological and practical aspects of the transnational corporations’ crowdsourcing projects formation and implementation. The purpose of the study is to improve the craudsorsing projects management system by transnational corporations, taking into account the specifics of the local markets. Design/methodology/approach. The basic principles of the research are the method of observing the change in the main indicators of the company; the method of situational modeling; a comparative approach; system, logical generalization and complex economic approaches. Findings. The paper determines that the efficiency increase of the transnational corporations’ crowdsourcing projects management system in the glocalization conditions is possible due to the introduction of the mechanism. This mechanism will allow TNCs Nestlé: - to expand the target audience; - to involve potential consumers in the development of products, which they will consider “their” that will increase the volume of its sales; - to provide alternative sources for the decision-making and to expand choice options that will increase the effectiveness of its process; - to optimize the terms of the project implementation, since crowdsourcing projects have strictly limited terms within which participants must provide their decision options; - to increase the efficiency of the financial resources use: only one or several participants of the project, which are its winners, receive a monetary reward. At the same time, the company gets the ready-to-implement solution and additional benefits from improving the company’s image, etc. Research limitations/implications. The scientific significance of the work is to determine the perspective directions of increasing the efficiency of transnational corporations’ crowdsourcing projects management in the glocalization conditions. Originality/value. The result of the study is the improved mechanism for implementing crowdsourcing projects for TNK Nestlé in the local Ukrainian market. The practical significance of the research results is to determine the optimization directions of the crowdsourcing projects management system of the multinational corporations Nestlé.

Representações sociais no contexto intercultural: o cotidiano de três subsidiárias brasileiras

Resumo A aceleração e o desenvolvimento de negócios globais fizeram aumentar o grau de diversidade cultural entre profissionais nas organizações, assim como cresceu o interesse sobre o trabalho em grupo e de equipes multiculturais, como mostram pesquisas sobre a dinâmica dessas equipes (ZHOU e SHI, 2011; CHEVRIER e VIEGAS-PIRES, 2013). Este artigo tem por objetivo identificar e analisar quais são as representações sociais construídas por membros de equipes multiculturais de trabalho em suas interações interculturais e como elas afetam o cotidiano organizacional em três subsidiárias de multinacionais no Brasil. Com abordagem qualitativa e método de estudo de caso, a coleta de dados foi realizada por meio de pesquisa documental e 33 entrevistas semiestruturadas com brasileiros e estrangeiros membros de equipes de trabalho. Utilizou-se a Teoria de Representações Sociais (TRS), de Moscovici (2004), para identificar as principais representações sociais no contexto dessas subsidiárias. Como resultado, surgiram pontos comuns entre as três subsidiárias, como: as estratégias de transnacionalização para fortalecer as diretrizes globais e atender às demandas locais, com isso, observou-se a construção de culturas organizacionais com elementos globais; o incentivo à transformação de alguns profissionais em posições-chaves em profissionais globais; o entendimento de que a diversidade cultural é um capital que pode trazer muitos resultados positivos para as organizações; e o desenvolvimento de competências interculturais para facilitar os processos de mobilidade internacional. Em contrapartida, foram observados muitos problemas de comunicação, falta de preocupação com o processo de aprendizagem intercultural, formas de registro de assimilação do conhecimento e experiência adquiridos. Conclui-se que, apesar dos problemas e desafios, as equipes multiculturais contribuem, por meio da interação cotidiana, com a aprendizagem organizacional, o desenvolvimento e a consolidação da cultura e de rotinas globais nas organizações. Como contribuição, este artigo demonstra que o uso da TRS para analisar o contexto intercultural pode proporcionar uma visão mais dinâmica da interação e construção de um cotidiano intercultural em empresas multinacionais. Além disso, esta pesquisa demonstrou a possibilidade de traços comuns na cultura organizacional de empresas multinacionais que trabalham com equipes multiculturais.

Corporate Centre in the System of Global Business Strategic Management

The article investigates globalization as one of the basic trends in the world economy of the 20th–21st centuries. Globalization affects virtually all areas of economic life of any country providing serious preferences for some of them and creating difficulties to others. Global business is one of the phenomena of globalization. Its organisational and managerial mechanisms are primarily related to the creation and operation of multinational corporations (MNCs) and are not yet fully explored in the world scientific literature. Studying global business management problems is possible only on the basis of a system-based approach to analysing investment attractiveness of a particular MNC. Investment attractiveness of a company is a multifactor indicator, the evaluation of which depends on many parameters, including the effectiveness of business processes in large companies and the ability to respond quickly to global changes at macro and micro levels. Different organizations tackle this problem in different ways, but at the heart of its solution is laborious analytical work on developing a strategy aimed at creating, implementing and maintaining competitive advantages and ensuring the interests of stakeholders. The authors reveal that actions of the corporate centre not always contribute to the effective development of global business. Although a company’s strategy is a result of a team work, the top management takes the lead in this process and is responsible for analysing messages and recommendations given by leaders at lower management levels. We find that collective discussion by the board of directors of a corporation is obligatory for crucial strategic decisions to be taken.

Global Business Development of Private Sector in Tropical Agriculture

Global Business Development of Private Sector in Tropical Agriculture

Educating project managers in the 21st-century economy: a field study on the adoption of social and collaborative tools as low-cost alternatives for project communication

Social and collaborative tools such as instant messaging, e-mail, Facebook and the myriad of other social technology tools that support the 21st-century economies and their business communities, particularly the project teams, are redefining ways how they communicate today. Social media, for example, has not only broadened communication scope but has also helped to intensify global business development and competition. The paper reports the research experience of project managers in training on their field research into project teams that adopted collaborative and social media tools for project communication. The teams that were investigated represented organisations in consumer services, real estate and banking and finance. Two of the organisations are located in North Carolina (USA) and the other two organisations are located in Asia (Vietnam/Cambodia) and Mexico (South America). In the study, it was found that technology innovations such as collaborative and social media tools such as Skype, NetMeeting, SharePoint, Yammer and Twitter enabled the project teams to effectively communicate as well as support their development initiatives and information sharing. The banking organisation in Asia (Vietnam and Cambodia) in particular significantly deployed Skype, Yammer and SharePoint as low-cost alternatives and more economically effective tools for project communication and team work.

E&P Notes (November 2015)

E&P Notes Digitizing Core Scans Brings Old Methods into 21st Century Trent Jacobs, JPT Senior Technology Writer In the search for oil and gas, one of the first investments that companies make is in the analysis of core samples. Pulled directly from the reservoir rock, core samples provide critical data used to determine how an exploration program should move forward, or if at all. However, compared with the high-tech methods found in so many other arenas of the oil and gas industry, the conventional methods used to examine core samples seem quite antiquated. Petroleum geologists are usually given the first look at the samples to measure key rock features such as natural fractures and to estimate the size of the rock grains. And among the tools most often used to make these measurements and provide a detailed description of the core are a magnifying hand lens, a ruler, and a pad of paper. As tried and true as these analog technologies have proven to be for much of the industry’s history, there is an ongoing transition to bring the process of core description into the digital age. Treating Damaged Subsea Lines With a Light Electrical Touch Stephen Rassenfoss, JPT Emerging Technology Senior Editor As subsea electric lines age, they are prone to cracks that allow seawater in, reducing their effectiveness, and if the leaks are bad enough, they can shut down operations. A British subsea engineering and equipment company is selling a novel repair option that can be installed without ever going into the water. Viper Subsea’s solution comes in the form of a box sending out specially programmed electrical signals. It has installed units on 17 umbilicals and subsea cables and it worked in all but two cases, said Max Nodder, business development director and cofounder of Viper, during a presentation at SPE Offshore Europe. For anyone whose mental image of insulation is a hard plastic shell isolating wires from the elements, Viper’s method may seem farfetched. But the conventional alternative is not easy to accept either, given the time and money required to replace subsea lines that can run for miles. Three Offshore Blocks Awarded in Mexico’s Second Auction Trent Jacobs, JPT Senior Technology Writer Mexico’s second oil and gas lease auction has been deemed a success after three out of five shallow-water blocks were awarded in September. The awarded areas contain an estimated 236 million bbl of oil and 190 Bcf of gas. The government expects the auction to result in a USD 3 billion investment and up to 90,000 B/D in production by the start of the next decade. The auction’s outcome was warmly welcomed by Mexico’s National Hydrocarbons Commission, known by its Spanish-language acronym CNH, which has been working for more than a year to organize the historic opening of the country’s exploration and production sector. “We believe that our mandate of obtaining the best conditions for the Mexican state was achieved,” said Edgar Rangel-German, a CNH commissioner. Halliburton Reveals Refracturing Strategy Trent Jacobs, JPT Senior Technology Writer Although refracturing is a topic that has gained a lot of interest, many shale producers have been sitting on the sidelines because early results did not justify the spending. Halliburton has now joined other service companies in announcing that its results prove the technology is ready for prime time. The company’s encouraging numbers show that on average, it is seeing ultimate recovery increases of 80% and a two-thirds reduction in the cost per incremental barrel of oil from a refractured well compared with each barrel from a new well. Priyesh Ranjan, a senior manager of global business development at Halliburton, presented the details of the company’s new Activate Refracturing Service in September. Speaking before an audience of oil and gas company representatives in Houston, Ranjan tried to dispel the notion that the majority of refracturing candidates are primarily vintage wells because of the improvements made in completion technologies and fracture designs in recent years. Middle East NOCs To Boost Collaboration in Joint Projects Abdelghani Henni, JPT Middle East Editor National oil companies (NOCs) in the Middle East plan to boost their collaboration efforts in technology applications through a global industry trade organization’s initiative. For the first time, Gulf Cooperation Council (GCC) members of the Industry Technology Facilitator (ITF) held a summit in Abu Dhabi. They agreed to take forward three technology challenges with the aim of defining a call for proposals for collaborative joint industry projects (JIPs) later this year. The summit was attended by representatives from the Abu Dhabi National Oil Company, Kuwait Oil Company, and Petroleum Development Oman, three of the six GCC members.