Dynamic Business Research Articles

The Role of Change Management Strategies in Preparing Large Organizations in the Globalization Era: Leadership, Communication, Information Technology, and Employee Participation in Business Dynamics

The era of globalization signifies an increase in competition in the global market, with large organizations facing pressure to continuously adapt to rapid and complex changes in the global business environment. Information technology plays a pivotal role in business transformation in the digital era. The development of new technologies and changes in IT infrastructure affect how organizations operate and compete in the global market. The aim of this research is to investigate the influence of change management strategies on the readiness of large organizations in the globalization era. The primary focus of this research is to understand the roles played by four key factors: leadership, communication, information technology, and employee participation in addressing business dynamics in the globalization era. This research method involves a literature review with a qualitative approach and descriptive analysis. The literature review was conducted by gathering, reviewing, and synthesizing relevant scholarly articles found through searches on Google Scholar within the timeframe of 2001-2024. The study results indicate that in the ever-changing and evolving era of globalization, large organizations must be prepared to adapt quickly to remain relevant and competitive. The implementation of change management strategies is crucial in ensuring organizational readiness to face modern business dynamics. The influence of these strategies is highly significant and involves various factors such as leadership, communication, information technology, and employee participation. Strong leadership, effective communication, leveraging advanced information technology, and high employee participation are essential elements of these strategies. Therefore, one of the recommendations that can be drawn from this research is that organizations should focus on developing strong and visionary leadership to inspire and guide the organization through the change process.

A comprehensive analysis of knowledge management role in developing business performance

There is a lack of information about KM's comprehensive influence on total corporate success, even with the field's relevance in modern business settings increasingly acknowledged. To overcome this gap, this research explores the complexities of KM and how they affect the performance of organizations. Knowledge Management (KM) has become one of the most well-known contemporary leadership strategies. A rigorous strategy was used to conduct a thorough examination of the relationship between KM techniques and company performance. The research uses a combination of qualitative and quantitative methodologies, such as instances, questionnaires, and data analysis to provide a comprehensive comprehension of the topic. The results show how KM contributes in many ways to corporate effectiveness. Determine the essential KM techniques that have a substantial influence on a range of organizational success factors, such as decision-making and innovation as well as operational effectiveness. For companies seeking to maximize their KM tactics for improved performance, the findings provide insightful information. The study findings have practical relevance for firms seeking to improve overall performance in today's competitive and dynamic business environment by strengthening their KM activities.

Impact of transformational leadership on employees’ affective commitment and intention to support change: Mediation role of innovative behavior

Given the dynamic business world and influential trends shaping how companies function, resulting in resistance, anxiety, and confusion, thereby affecting employees’ performance and well-being, it is crucial to adopt an effective leadership approach. This study aims to explore how transformational leadership impacts employees’ affective commitment and their intentions to support change, considering the role that innovative behavior can play in this relationship. A quantitative approach was used based on an online survey of 401 employees working in marketing consulting, business consulting, transportation, and IT service companies in Hungary. These employees had to go through different organizational changes, such as transformation in structure and emergence of new technology innovation. The hypotheses were tested using structural equation modeling. The study unveiled that transformational leadership significantly and positively impacts employees’ affective commitment toward organizational change but does not have any significant relationship with their intention to support it. However, overall, transformational leadership is a catalyst for employees’ responses to change situations. In addition, the intermediary role of employees’ innovative behavior in the association between transformational leadership and employees’ responses to change was confirmed as transformational leadership positively affects employees’ innovative behavior, affective commitment, and intentions to support change. With innovative behavior, the significant positive relationship between leadership and employees’ reactions to change remained effective. Transformational leadership and active team member engagement in innovation can facilitate the acceptance of change initiatives, alleviate business complexity, and foster collective efforts for individual and organizational success.

Cross‐ownership, business dynamism, and wage inequality in general equilibrium

AbstractThis study examines the distributive and welfare effects of cross‐ownership by firms in a general equilibrium economy on the product and factor markets. The cross‐ownership of equities, such as collusion, tends to be anticompetitive, thereby narrowing the wage gap between skilled and unskilled labor in the short term with the existing number of firms. In the capital market, reducing capital cost through cross‐ownership causes new firms to enter the market in the long term. This firm‐entry effect induced by cross‐ownership through an increase in the number of competitors generates a competitive force that exacerbates wage inequality and reduces welfare in the economy.

PENERAPAN ENTREPRENEURIAL MARKETING DALAM MENINGKATKAN PENJUALAN (STUDI PADA BISNIS MEGAWARNI.ORI)

Megawarni.ori is one of the online-based businesses engaged in the Muslim fashion industry. This research aims to obtain information and a more concrete picture of the application of Entrepreneurial Marketing in increasing sales conducted by Megawarni.ori. The method used in this research is qualitative with a descriptive research type to describe in detail how the application of Entrepreneurial Marketing dimensions, which consists of proactiveness, opportunity focus, customer intensity, innovativeness, risk management, resource leveraging, and value creation is carried out. The data collection techniques were conducted through interviews with six informants and documentation studies. The results of this study indicate that the application of Entrepreneurial Marketing carried out by Megawarni.ori is quite effective, by applying the seven dimensions of Entrepreneurial Marketing Megawarni.ori can survive in a dynamic business environment and support its efforts in increasing sales.

Evaluating strategies to persist for digital platform firms in a post-digitalization era: an empirical evidence from Indian platform firms

PurposeThe dynamic and evolving nature of the market calls for attention to digital platform firms' survival strategies, building agility for persistence in a continuously changing business environment. In India, the government’s adoption of the Digital Policy is one such change in the business environment for the firms that impact almost all sectors. Such policies cause a disruption wherein digital platform firms must be agile and create a strategic response that will endure any changes. The present study attempts to gain insight into the competitive strategies adopted by the digital platform firms of the consumer durables industry in India, which are implemented to facilitate their growth.Design/methodology/approachThe entire study is conducted in two phases. Phase one includes identifying strategies sampled digital platform firms adopted in response to the digitalization policy, and the second phase evaluates the significance of the adopted plans to persist.FindingsWhile clubbing the 42 strategic responses to a few aggregate dimensions, the study found four types of responses adopted by the digital platform firms in the consumer durable industry to persist in the market. Using a two-step system, the Generalized Method of Moments (GMM) approach, the study found that all four dimensions are statistically significant, positively impacting these firms' profitability.Practical implicationsThe study contributes to the knowledge base of strategic responses to persist for the incumbent platform firms in a dynamic business environment.Originality/valueThe study answers the pertinent research question of how such strategic decisions may be informed in favor of profitability.

Management Information System Integration, Digital Marketing Strategies and Sales Growth of Selected Food and Beverage SMEs in Binan Laguna

The study aimed to assess the predictive capability of management information system (MIS) integration and digital marketing strategies on sales growth in food and beverage SMEs in Biñan, Laguna. It examined the relationship between MIS integration, digital marketing strategies, and sales growth through a descriptive-correlational study involving 65 registered SMEs, with a total population of 77. Key findings indicated strong agreement (average weighted mean of 3.31) among respondents regarding the value of MIS integration, and effectiveness (average weighted mean of 3.15) of digital marketing strategies. Sales growth was perceived as very high (average weighted mean of 3.35). However, statistical analysis revealed that MIS integration did not significantly relate to digital marketing strategies or sales growth. The study identified a modest relationship between digital marketing strategies (e.g., email marketing, social media) and sales growth, with email marketing showing statistical significance (p = 0.005). Overall, the model explained 21.9% of the variability in sales growth, suggesting other influential factors beyond the studied variables. While MIS was deemed beneficial for SMEs and certain digital marketing strategies were important for success, the study found no significant predictive relationships between MIS integration, digital marketing, and sales growth in the context of Biñan’s food and beverage SMEs. This highlights the complexity of business dynamics and the need for broader considerations beyond these specific factors.

Implementasi Strategis Sistem Informasi Akuntansi Melalui Analisis Komparatif

This research aims to investigate the strategic implementation of accounting information systems (AIS) through a comparative analysis of various approaches employed within organizations. In the face of rapidly changing business dynamics, the role of AIS is pivotal in supporting accurate managerial decisions and ensuring operational sustainability.The research methodology involves data collection from multiple organizations that implement AIS using distinct approaches. A comparative analysis is conducted across various implementation aspects, including system design, technological integration, data management, information security, and their impacts on financial and operational performance within the companies. The findings reveal that a strategic approach in implementing AIS provides a competitive edge for organizations. It was identified that factors such as appropriate technology selection, efficient integration, robust data security, and integrated management significantly contribute to the success of AIS implementation.These findings offer valuable insights for practitioners and managers in planning, developing, and enhancing the effectiveness of AIS in the context of dynamic market changes and business environments. The implications of this research provide a foundation for organizations to make strategic decisions regarding AIS investments and implementation to enhance their competitiveness and operational performance.

CSR in MSMEs: A Systematic Literature Review and Future Research Agenda

The purpose of this study was to conduct a systematic literature review on corporate social responsibility (CSR) in micro, small, and medium enterprises (MSMEs). MSMEs stand as pivotal contributors to economies worldwide, fuelling innovation and economic growth. As the business landscape evolves, the relevance of CSR practices among these enterprises becomes increasingly apparent. This study aims to collect, analyze, and synthesize findings that already exist in the literature on CSR practices among MSMEs, as well as formulate possible research directions for the future. This study seeks to bridge the knowledge gap by delving into CSR practices within MSMEs, examining both manufacturing and service sectors. It aims to identify the unique internal and external factors influencing the effective implementation and success of these CSR strategies. We will identify the specific challenges faced by MSMEs in adopting CSR, as well as analyze the benefits they can achieve through the implementation of CSR practices. The systematic literature review research methods are systematic steps to collect, analyze, and synthesize relevant literature on CSR among MSMEs. Research results emphasize the importance of CSR practices for MSMEs, acknowledge the limitations of existing research due to limited data and context-specific considerations, and highlight the theoretical and practical implications of such research for developing CSR strategies and guidelines for MSMEs. Provides a comprehensive overview of the complexities, challenges, and benefits associated with implementing CSR practices in MSMEs across various sectors and contexts. This research addresses the pressing need to understand the role of CSR in MSMEs. As these enterprises navigate the dynamic business landscape, equipping them with insights into effective CSR practices can bolster their contributions to sustainable development.

THE IMPACT OF THE USE OF ACCOUNTING SOFTWARE ON THE ACCURACY OF FINANCIAL INFORMATION AN ANALYTICAL STUDY OF THE OPINIONS OF A SAMPLE OF EMPLOYEES AT AL-MURABBA SOFTWARE SOLUTIONS COMPANY

In today's dynamic business landscape, the use of accounting software has become increasingly widespread, promising to enhance efficiency and accuracy in financial management processes. This study aims to know the impact of using accounting software on the accuracy of financial information within organizations. To achieve the research objectives, a questionnaire was distributed to employees of Al-Murabba Software Solutions Company, and by compiling results from both theoretical frameworks and practical insights, this research provides valuable implications for companies that aim to benefit from accounting software for financial management. It provides recommendations to improve program implementation strategies, enhance user training programs, and enhance data security measures to increase the accuracy and reliability of financial information. This study also contributes to the ongoing discourse on the role of technology in modern accounting practices and emphasizes the importance of aligning software adoption with organizational goals to achieve greater financial accuracy and effective decision-making.

Harnessing artificial intelligence to develop strategic marketing goals

In today's rapidly evolving business landscape, harnessing artificial intelligence (AI) has become imperative for organizations striving to remain competitive. This concept paper explores the integration of AI in developing strategic marketing goals, aiming to provide a comprehensive framework for leveraging AI's capabilities effectively. The paper begins by outlining the current state of AI in marketing, highlighting its transformative potential across various facets such as customer segmentation, personalized targeting, predictive analytics, and automation. It underscores the necessity for businesses to embrace AI-driven approaches to stay ahead in an increasingly data-driven marketplace. Moreover, the concept paper delves into the strategic implications of AI adoption in marketing. It emphasizes the need for alignment between AI initiatives and overarching business objectives, emphasizing the role of AI in enhancing customer experience, optimizing resource allocation, and driving revenue growth. Furthermore, the paper addresses key considerations and challenges associated with integrating AI into marketing strategies, including data privacy concerns, ethical implications, and organizational readiness. It advocates for a structured approach to AI implementation, encompassing robust data governance, talent acquisition, and continuous monitoring to mitigate risks effectively. Drawing upon industry best practices and case studies, the concept paper elucidates practical methodologies for leveraging AI in setting strategic marketing goals. It emphasizes the importance of data-driven decision-making, iterative experimentation, and agile adaptation to capitalize on AI's potential for driving innovation and competitive advantage. In conclusion, the concept paper advocates for a proactive stance towards embracing AI in marketing strategy formulation. By strategically harnessing AI's capabilities, organizations can not only enhance their marketing effectiveness but also cultivate long-term sustainable growth in today's dynamic business environment. Keywords: AI, Strategic, Marketing, Environment, Goals, Business.

Innovation Strategy in Building an Organisational Culture that Supports Business Change: A Review from a Corporate Strategy Perspective

The era of globalization, technological advancement, and rapid market dynamics has created a highly volatile business environment. Companies are pressured to adapt to these changes or risk becoming obsolete and irrelevant. Innovation has become the key to addressing the challenges of business change. This research aims to investigate the relationship between innovation strategy, organizational culture, and corporate strategy in the context of business change, with the goal of providing better insights into how companies can build a culture that supports innovation as an integral part of their strategy. The research method employed in this study is a literature review using a qualitative approach and descriptive analysis. Descriptive analysis will be used to present and interpret findings from articles obtained from Google Scholar between 2011 and 2023. The study results indicate that in facing rapidly changing business dynamics, innovation is crucial to maintaining organizational relevance and competitiveness in a competitive market. Innovation strategy must be integrated into the organizational culture to create an environment where new ideas can flourish and be effectively implemented. Design-based approaches, supportive leadership, flexible organizational structures, and appropriate incentives are essential elements in building a strong culture of innovation.

Carsharing Worldwide: Case Studies on Carsharing Development in China, Europe, Japan, and the United States

Carsharing has received considerable attention as a sustainable mobility paradigm. Various service designs and dynamic business environments have increased the decision complexity for the carsharing business. Therefore, carsharing operators require a tool for assessing business development from holistic perspectives. This research provides a framework for outlining the requirements of the carsharing system with holistic perspectives of stakeholders being considered, as well as to derive assessment metrics for examining carsharing development. To create the framework, the system modeling tool, context diagram, was adopted to map out the interactions of externalities with the system and the requirements of the system. Eight assessment metrics: the market condition, business advantage, parking condition, electric vehicle deployment, self-serving configuration, vehicle reservation, vehicle maintenance, and pricing scheme, were eventually identified from the system modeling. From these dimensions, we review 24 carsharing cases from China, Europe, Japan, and the United States, and we summarize discrepancies among different marketplaces and some managerial insights on carsharing development, such as carsharing motivators and inhibitors, innovations in respect of different business backgrounds, approaches of increasing parking privileges, approaches of increasing electrifications, essential digital features, reservation regimes, methods of vehicle maintenances, and service pricing regimes.

Analyzing SME's Data Visualization, Business Challenges, and Solutions: A Seven Stars Review

This comprehensive report encapsulates a thorough analysis conducted on the extensive Seven Stars dataset. Leveraging advanced data visualization techniques, the analysis has been meticulously executed to extract meaningful insights and elucidate intricate patterns within the dataset. By delving deep into the data, the report identifies a spectrum of potential business challenges that the organization may encounter, both in the present and future landscapes. These challenges encompass diverse realms such as market fluctuations, resource allocation, and operational inefficiencies. In response to the identified challenges, a robust set of solutions is proposed, tailored to address each issue methodically. Drawing upon best practices and industry expertise, these solutions aim to bolster the organization's resilience and competitiveness in the dynamic business environment. Moreover, to facilitate seamless data management and decision-making processes, a bespoke dashboard has been meticulously crafted. This intuitive dashboard serves as a centralized platform, enabling stakeholders to effortlessly manipulate and analyze data from disparate sources, thereby fostering informed decision-making and strategic planning. In essence, this paper serves as a comprehensive roadmap for the organization's data-driven journey, guiding it towards sustainable growth and success in an ever-evolving business landscape. Through diligent analysis, strategic foresight, and proactive problem-solving, the organization can chart a course towards long-term prosperity and resilience.

Supply Chain Optimization through Real-Time Data Analysis and Visualization with Power BI

Supply chain optimization is a critical aspect of modern business operations, aiming to enhance efficiency, reduce costs, and improve customer satisfaction. In today's dynamic business environment, supply chains face increasing complexity and uncertainty. The ability to access and analyse data in real-time is paramount for organizations to stay competitive and responsive to market dynamics. Effective management requires timely access to accurate data and actionable insights. By harnessing the power of real-time data and integration of real-time data analysis techniques, coupled with visualization and Business Intelligence tools like Power BI, organizations can make informed decisions promptly, leading to agile and responsive supply chain management. Raw data has been transformed into meaningful insights through interactive dashboards and reports by using Power BI.

The Role of ChatGPT in Business Information Systems to Support Strategic Decision Making in Medium-Scale Enterprises

Medium-scale companies often operate in dynamic and competitive business environments. Faced with market changes and new opportunities, timely and accurate strategic decisions are key to maintaining and enhancing the competitiveness of the company. This research aims to examine the role of ChatGPT in business information systems to support strategic decision-making in medium-scale enterprises. The research method employed is a literature review with a qualitative approach and descriptive analysis. Descriptive analysis will be used to present information from systematically selected articles from Google Scholar within the timeframe of 2014-2024. The study results indicate that in the continuously evolving digital era, medium-scale companies increasingly rely on technology to address increasingly complex business challenges. One innovation playing a significant role in today's business landscape is the presence of ChatGPT. As an artificial intelligence model capable of understanding and generating text naturally, ChatGPT has a significant impact on business information systems and supports strategic decision-making in these companies.

Supply chain collaboration, agility and firm performance: a case of manufacturing SMEs in India

PurposeThe dynamic business environment and intense competition have mandated agility in operations for manufacturing firms. Effective inter-organizational collaboration can make operations more agile. This paper develops an interpretive model to explore the effect of supply chain collaboration (SCC) on supply chain agility (SCA) and, subsequently, on business performance.Design/methodology/approachA hierarchical model that illustrates the relationship between SCC, SCA and firm performance components is developed using total interpretative structural modeling (TISM). Also, statistical validation of the model has been performed.FindingsThe results indicate that the vision and alertness of the firm on the strategic front promote collaboration between supply chain partners. This creates operational agility, helping the firm to absorb fluctuations in demand, thereby enhancing business performance.Research limitations/implicationsThe opinion of most respondents was considered to develop the TISM framework over the fuzzy one, which necessitates a significantly more extensive data set. However, multiple discussions with participants can eliminate the prejudice of the majority approach. Also, the paper's development and validation were restricted to Indian manufacturing small and medium-sized enterprises (SMEs). The model can potentially be evaluated in large organizations to provide further insights.Originality/valueThe study blends the factors of SCC and SCA in a novel way to explain their combined impact on business performance. The TISM model addresses the “why” of theory development in addition to the “what” and “how” of it. Using triangulation in combination with the interpretative tool, this study additionally offers methodological value.

Assessing the impact of innovative strategies on entrepreneurial growth and business development

Changes in the global business environment prompt the significance of innovative approaches in encouraging entrepreneurship and fresh ventures. Innovation is emerging as a critical success factor due to its ability to contribute to the growth, efficiency of production, and competitiveness of enterprises. This study aims to analyse the impact of innovative approaches on entrepreneurship and new ventures. The methodology used in this study is comprehensive and mainly employs systemic and structural-functional methods, as well as analysis and synthesis. This approach helps to illustrate the intricate network of connections between various factors that impact the effectiveness of innovative approaches for entrepreneurship development. The study proves that innovative approaches have a significant impact on productivity and entrepreneurship development, particularly for new enterprises, which benefit from the ability to quickly enter the market. These approaches facilitate the introduction of the latest technologies, process optimization, and digital solutions. The findings indicate that innovation enhances the competitiveness of new businesses and attracts investment. Risk management and adaptability are crucial for new businesses in a dynamic business environment. The ability to respond quickly to changes in technology, market conditions, and consumer preferences is vital for the development of entrepreneurship and new businesses. New businesses that effectively mitigate risks and respond dynamically to change have a better chance of maintaining their competitive advantage and sustainability. This task necessitates adaptable planning, vigilant monitoring of the external environment, and the capacity to modify strategies in response to changes.

The Relevance of Human Resources Management to Today's Business Environment

In today's economic phenomenon around a dynamic and competitive business landscape, the role of Human Resources Management (HRM) has evolved significantly to meet the evolving needs and challenges faced by organizations. I will explore the relevance of HRM in the contemporary business environment, highlighting its critical importance in driving organizational success and sustainability. The research begins by discussing the shifting paradigms in HRM, emphasizing the transition from traditional personnel management to strategic HRM. It examines how HRM functions such as recruitment, training, performance management, and employee relations have evolved to align with organizational objectives and foster a culture of innovation and agility. The research delves deeply into the strategic role of HRM in talent acquisition and retention, acknowledging the pivotal role of human capital in achieving competitive advantage. It discusses how HRM practices such as talent sourcing, succession planning, and diversity management contribute to building a skilled and diverse workforce that drives organizational growth and innovation. The research explores the significance of HRM in fostering employee engagement and motivation. It highlights the importance of creating a supportive work environment, promoting work-life balance, and recognizing employee contributions to enhance productivity and job satisfaction. It also examines the role of HRM in managing organizational change and fostering adaptability in the face of disruptive technologies and market shifts. It discusses how HRM practices such as change management, leadership development, and organizational culture alignment facilitate successful transformation initiatives and ensure organizational resilience. The analysis concludes by emphasizing the strategic imperative for organizations to invest in HRM practices that prioritize employee well-being, talent development, Work-Life balances and organizational effectiveness.

Penerapan Kepemimpinan Otentik Dalam Meningkatkan Kualitas Pelayanan Penumpang Pada Po. Haryanto Divisi Madura

Constantly changing business dynamics and changing customer preferences require company management to adapt. Customers who now have higher levels of wealth not only want efficient transportation, but also value comfort during travel. This means they need a comfortable vehicle, friendly service and a pleasant atmosphere to enjoy their trip. Therefore, companies must provide first-class service and satisfy their customers by highlighting added value compared to their competitors. The aim of the article is to analyze the application of authentic leadership in improving the quality of passenger service at PO. Haryanto Madura Division. The researcher used descriptive observational research methods. The descriptive research method is an Approach that aims to create an objective picture or description of a situation. .