Dynamic Business Research Articles

Impact of Employee Training and Development on Organizational Performance

Employee training and development have emerged as critical factors in enhancing organization performance and competitiveness in today's dynamic business environment. Drawn upon theoretical framework and empirical research, the study investigates the mechanisms through which training and development programs influence employee skills, knowledge, motivation, and job satisfaction consequently affecting organizational outcome such as productivity, profitability, innovation, and employee retention. The importance of studying this paper is to advance both academic knowledge and practical applications in the field of human resource management and organizational performance. It offers valuable insights that can inform future research directions and guide organizational practices aimed at enhancing employee skills, motivation, and overall performance.

Business incubators in Croatia: Resources and results

The main objective of this study is to examine the resources that business incubators in Croatia have at their disposal and to analyze the business dynamics and financial performance of their tenant enterprises. Unlike the previous studies that mainly employed a survey of business incubators, this study, in addition to a survey of 24 business incubators in Croatia, also uses firm-level data of tenant enterprises. Findings indicate small management teams of business incubators and high demand for tenant enterprises for mentoring services. Policymakers should consider these empirical findings and support investments in knowledge, skills, and mentoring capabilities of business incubators’ management teams. The main limitation of the research is that it did not include data from tenant enterprises on the perceived quality of services provided by business incubators. However, the financial analysis of tenant enterprises is the first of that kind and will enable a more straightforward evaluation of business incubators’ success and, thus, better control over public spending. Keywords: business incubators; entrepreneurial infrastructure; incubators; new technologies; tenant enterprises

Strategic Financial Management: Unraveling the Dynamics of Sustainable Business Growth at SMEs Enterprises in Indonesia

This article delves into the dynamics of sustainable business growth at Small and Medium-sized Enterprises (SMEs) in Indonesia through the lens of strategic financial management. Employing a qualitative methodology, the study conducts a thorough literature review and library research to unravel key insights into the financial strategies adopted by SMEs for achieving sustainability in a dynamic business environment. The research explores various dimensions of strategic financial management, including capital structure, financial risk management, and investment decisions, within the context of SMEs in Indonesia. By synthesizing existing literature, the article aims to provide a comprehensive understanding of how SMEs navigate financial challenges and capitalize on opportunities to foster sustainable growth. The findings highlight the significance of tailored financial strategies for SMEs, emphasizing the need for agility and adaptability in response to market fluctuations and regulatory changes. The article discusses successful case studies and identifies common challenges faced by SMEs in Indonesia, shedding light on effective financial management practices that contribute to long-term viability.

Integrating behavioral science into operational risk management: A new paradigm for the FMCG sector

This paper explores the rationale for integrating behavioral science into ORM within the FMCG sector, examines key behavioral principles relevant to risk management, and proposes practical frameworks for implementation. By adopting this new paradigm, FMCG companies can enhance their resilience, adaptability, and overall performance in an increasingly complex and dynamic business environment. Operational risk management (ORM) is paramount for ensuring the stability and success of businesses, particularly in fast-moving consumer goods (FMCG) sectors where operational disruptions can lead to significant repercussions. However, traditional ORM approaches often overlook the human element, focusing solely on systems, processes, and external factors. This paper advocates for the integration of behavioral science into ORM, recognizing the pivotal role of human behavior in shaping operational risks and offering strategies to effectively mitigate these risks. The rationale for integrating behavioral science into ORM within the FMCG sector is explored, emphasizing the need to understand and influence human behavior to enhance resilience and adaptability. Key behavioral principles relevant to risk management are examined, including decision-making biases, social dynamics, and cognitive heuristics. These insights provide a foundation for developing practical frameworks for implementation, encompassing areas such as demand forecasting, compliance, and employee engagement. By adopting this new paradigm, FMCG companies can enhance their resilience, adaptability, and overall performance in an increasingly complex and dynamic business environment. Integrating behavioral science into ORM enables companies to anticipate and address human factors that contribute to operational risks, leading to more effective risk management strategies and improved business outcomes .In conclusion, the integration of behavioral science into ORM represents a paradigm shift that recognizes the importance of understanding and influencing human behavior in mitigating operational risks. By incorporating behavioral insights into their risk management practices, FMCG companies can better navigate challenges, capitalize on opportunities, and ultimately, achieve sustained success in today's competitive marketplace.

Modeling e‐Truck adoption for sustainable transport in Jordan: A system dynamics approach

AbstractThis study has developed a model that predicts the quantity of CO2 emissions reduced and the adoption of e‐Trucks until the year 2100 in Jordan. Using system dynamics software (Powersim) and business intelligence tools (Microsoft Power BI), the most significant factors affecting three modules: environment, government, and customer were examined. Twelve scenarios were modeled during the study (three factors and four cases for each factor). The factors were marketing effectiveness, environmental awareness, and government acquisition subsidy, and their values were (0.2, 0.3, 0.4, 0.5), (0.3, 0.4, 0.5, 0.6), and (500, 1500, 3000, 6000 Jordanian Dinar—JOD), respectively. Under normal conditions, with a marketing effectiveness of 0.2, environmental awareness of 0.3, and a subsidy of 500 JOD, the annual sales of e‐Trucks and Conventional Fuel Trucks (CFT) will break‐even in 2052 in Jordan. The cumulative CO2 emissions reduction at the same year will be 6165.213 Tons. Among the three factors, marketing effectiveness was found to have the highest impact followed by the environmental awareness and last came the acquisition subsidy. Based on our findings, it is recommended that policymakers prioritize improving marketing efforts to accelerate the shift towards e‐Trucks, raise environmental awareness among consumers, and provide subsidies for acquisition of e‐Trucks in Jordan. Additionally, further research is needed to incorporate other factors, such as ICT infrastructure, technology maturity and other social factors that can affect the adoption of e‐Trucks. The study's originality lies in its focus on e‐Trucks, a relatively underexplored area in the sustainable transport literature, especially in the context of Jordan as many other emerging nations. The practical implications include leading the switch to e‐Trucks, identifying infrastructural needs, and informing legislative choices. By analyzing long‐term dynamics and encouraging the deployment of e‐Trucks, it seeks to lower CO2 emissions, enhance air quality, and promote a sustainable transportation system in Jordan.

HR Competency Challenges in Developing Marketing Strategies: A Bibliometric Review

In today's dynamic business landscape, the synergy between human resources (HR) and marketing strategies is pivotal for organizational success. This bibliometric review investigates the challenges encountered by HR professionals in contributing to the development of effective marketing strategies. By analyzing 980 research papers published between 1981 and 2024, this study highlights the substantial impact of HR competencies on marketing strategy formulation and implementation. The analysis identifies key thematic clusters, influential literature, and emerging trends, shedding light on areas for future research and managerial practice. Findings emphasize the importance of aligning HR strategies with broader organizational goals and adapting to evolving market dynamics to foster sustainable business success.

Optimizing manufacturing firm performance in Indonesia through strategic orientation and servitization

This study aims to investigate factors influencing servitization and firm performance within Indonesian national manufacturing companies, focusing on export-oriented entities such as automotive, electronics, textile, and food processing industries. Strategic orientations – market, technology, service, and learning – are investigated as key dimensions guiding firms’ strategic decisions amidst dynamic business environments. A comprehensive survey involving 100 companies representing a diverse spectrum of the Indonesian manufacturing sector is conducted. These companies encompass a range of statuses, including joint ventures (12%), multinational companies (2%), and national companies (86%). Through a purposive sampling strategy, representation across different company types is ensured to capture the breadth of perspectives within the industry. The quantitative approach involves surveying managers across various organizational levels, including top-level executives, middle managers, and front-line supervisors. Input from different managerial tiers is solicited to understand strategic orientations and their impact on firm performance. Data analysis, employing validation, descriptive statistics in MS Excel, and inferential statistics using Smart PLS yields significant insights. Market, service, and learning orientations emerge as influential factors in both basic and advanced services (p < 0.05), while technology orientation lacks statistical significance. Notably, market orientation significantly impacts advanced services (p < 0.05). Furthermore, the findings underscore the significant influence of service provision on firm performance across both basic and advanced services (p < 0.05). The critical role of strategic orientations, encompassing technology adoption, market positioning, service delivery, and organizational learning, in driving servitization and enhancing firm performance in Indonesian manufacturing is emphasized.

Public Relation Strategy Analysis in Maintaining Image of PT Pos Indonesia (Persero)

This scientific article delves deeply into the analysis of Public Relations (PR) strategies employed by PT Pos Indonesia (Persero), with a critical focus on strengthening corporate image. In the dynamic business landscape, a positive image is crucial for organizational success. The research adopts a comprehensive approach with descriptive qualitative analysis to evaluate the effectiveness of PT Pos Indonesia (Persero) PR initiatives. The study highlights the alignment of PR strategies with organizational goals, assessing their impact on shaping public opinion, and strengthening relationships with stakeholders. Exploration of the integration of traditional and digital communication channels is conducted to assess PT Pos Indonesia (Persero) adaptability in the evolving media landscape. Furthermore, the research tests crisis communication protocols to evaluate the organization's readiness in facing reputational risks. Drawing on theoretical frameworks and industry best practices, this article aims to provide insights into the strategic nuances of maintaining a positive corporate image. It offers practical recommendations for PT Pos Indonesia (Persero) and similar organizations. This research not only contributes to the scholarly understanding of PR strategies in the corporate realm but also serves as a valuable resource for practitioners and decision-makers striving to refine their communication tactics for sustained positive public perception.

Automation, job reallocation, occupational choice, and related government policy

Abstract By introducing automation development into a labor search model, this paper obtains that the increasing importance of automation in production may be responsible for the reduction in job reallocation along the transitional dynamics path. In the long run, we find automation also increases the total unemployment rate and reduces overall labor force participation. In addition, decreasing any disparity between differently skilled labor is detrimental to job reallocation along the transitional dynamics path, and both the long-run total unemployment rate and overall labor market participation will fall. Nevertheless, appropriate government subsidy policies can improve business dynamics across the labor market.

Effect of Digital Banking Technology on Loan Uptake in Hotels Industry in Kenya

Digital banking technology is having a profound impact on businesses and corporate borrowing behavior. Integrating digital banking technology and its impact on hotel borrowing is a critical challenge. Limited digital literacy, uneven technology adoption and inadequate regulatory support prevent hotels from reaping the benefits. This study is based on three theories: the technology acceptance model, Institutional theory and the resource-based verification theory. This study uses literature review methodology to draw analysis and conclusions. Studies suggest that these technologies have democratized access to credit, empowered previously underserved populations, and improved financial inclusion. However, alongside these benefits, criticism of the literature also reveals ongoing concerns. These include questions of digital literacy, data security and the possible exclusion of marginalized groups. Additionally, questions arise regarding the effectiveness of digital lending platforms in accurately assessing creditworthiness and managing associated risks that may impact credit quality and overall financial stability. Although digital banking technology offers opportunities to expand access to credit, it is important to address these challenges to ensure equitable and sustainable financial inclusion outcomes. The study concludes that by leveraging the potential of mobile banking, digital payment systems and online lending platforms, hotels can more effectively address financial challenges and seize opportunities for sustainable development and success in the dynamic business landscape.

COMPARATIVE ANALYSIS OF EMERGING AND TRADITIONAL IT BUSINESS MODELS IN A GLOBAL LANDSCAPE

This research aims to provide a comprehensive comparative analysis of emerging and traditional IT business models within the global landscape, addressing their scalability, sustainability, and the distinct challenges and opportunities each presents. Emerging IT business models, characterized by innovative technologies and disruptive market strategies, contrast significantly with traditional models, which rely on established technologies and stable market approaches. This study explores how these diverse business models adapt to rapid technological advancements and fluctuating market demands, thereby impacting global economic dynamics. By examining various factors such as activity type, organizational structure, ownership, market scope, technological focus, revenue models, and customer base, this paper categorizes IT companies into emerging and traditional sectors. Emerging sectors, driven by digital transformation and new market creation, offer high growth potential but face challenges in market acceptance and regulatory adaptation. In contrast, traditional IT sectors provide stability and incremental innovation but must continually adapt to prevent obsolescence and maintain competitiveness. The paper utilizes a mix of qualitative research methods to analyze the operational, financial, and strategic dimensions of IT companies. Case studies of leading firms in both sectors highlight the practical implications of different business models and their effectiveness in leveraging technological and market opportunities. This research contributes to the understanding of IT business dynamics, offering insights that could influence policy formulation, investment strategies, and corporate decision-making globally. It underscores the importance of strategic adaptability and proactive innovation management in sustaining business growth and competitiveness in the rapidly evolving IT industry.

THE IMPORTANCE OF HUMAN RESOURCES IN A MULTICULTURAL ORGANIZATIONAL CONTEXT: ANALYSIS, CHALLENGES AND PERSPECTIVES

The contemporary business world is characterized by rapid changes, globalization, and digital transformation, demanding adaptability and an innovative approach to resource management from organizations. Among these, human resources stand out as a key asset that determines an organization’s ability to develop, compete, and achieve sustainable success. This academic paper profoundly analyzes the significance of human resources in the modern organizational context, emphasizing their strategic importance and impact on achieving organizational goals. The paper reveals the concept of human resources, encompassing not only recruitment and staff administration but also their development, motivation, performance evaluation, and well-being. It extends beyond traditional personnel management to include aspects of organizational culture, leadership, and change management. Significant attention is given to the role of multicultural human resources in a globalized world, their impact on innovation, creativity, and enhancing an organization’s global competitiveness.Analyzing various approaches and definitions, the author emphasizes the necessity of integrating strategic human resource planning with cultural awareness and effective communication strategies to achieve the company’s strategic goals. The influence of digital technologies on human resource management is discussed, including the challenges of remote work and the need to ensure productivity and engagement in the digital era.The work underscores the importance of a deep understanding of cultural differences, the ability to create an inclusive work environment, develop intercultural interaction skills, and adaptability. This approach enables companies to better understand and meet the requirements of a diverse clientele, fosters innovation, and opens new opportunities for growth. The conclusions of the study highlight that successful human resource management in today’s dynamic and complex business environment requires a comprehensive approach that considers both traditional aspects and contemporary challenges. A profound understanding and effective management of human resources are crucial for ensuring competitiveness, innovative development, and sustainable success of organizations.

Government Incentives for the Corporate Sector in India: Driving Growth and Investment in a Dynamic Economy

The Indian corporate sector stands as a critical engine propelling economic growth, job creation, and innovation within the nation. Recognizing this pivotal role, the Government of India has implemented a comprehensive framework of incentives and policies aimed at fostering a robust, dynamic, and investment-conducive business environment. This article delves into the key government incentives available to Indian corporations, encompassing tax breaks, subsidies, and regulatory reforms. It further analyzes the impact of these incentives on corporate behavior, economic development, and the overall business landscape. By drawing upon the latest data, case studies, and emerging trends, this analysis aims to illuminate the effectiveness of government initiatives in shaping a fertile ground for corporate growth and investment in India. Keywords: Government incentives, corporate sector, India, economic development, investment, business environment, innovation, competitiveness

The transformation of digital strategy and value creation in omnichannel organisations: the case of the gambling industry

ABSTRACT Digital transformation strategy (DTS) involves redesigning various organisational operations to encompass digital technologies and achieve business objectives. In this study, we explored digital strategy and value creation shifts in omnichannel organisations that aimed to deliver seamless online and on-premises (dual-mode) customer experiences. Using comprehensive data on the gambling industry, we focused on the long-term effects of dynamic relationships among multiple DTS events over time. Building on digital strategy and value-creation theory, we observed and analysed organisational changes linked to technological shifts in omnichannel organisations during turbulent times and disruptions. Herein, we discuss the balance between online and on-premises service channels in terms of a DTS pathway, viewing it as a dual-mode value-creation process. By exploring this dual-mode value-creation process, we contribute to DTS theory and omnichannel operations. Furthermore, we enhance theory by unveiling the impact of shifting digital strategy perspectives on the transformation of omnichannel organisations in dynamic and disruptive business environments. We also present strategic propositions for planning and realising DTS requirements for omnichannel service providers in a broad context.

BEST PRACTICES IN STRATEGIC PROJECT MANAGEMENT ACROSS MULTINATIONAL CORPORATIONS: A GLOBAL PERSPECTIVE ON SUCCESS FACTORS AND CHALLENGES

In today's highly competitive and dynamic business environment, multinational corporations (MNCs) face unique challenges in managing strategic projects across diverse geographical locations. This review explores the best practices in strategic project management from a global perspective, focusing on the critical success factors and challenges encountered by MNCs. Successful strategic project management in MNCs necessitates a comprehensive understanding of various factors, including cultural differences, regulatory requirements, and market dynamics across different regions. The review highlights the significance of effective communication, cultural sensitivity, and stakeholder engagement as fundamental success factors in managing projects within MNCs. Additionally, it emphasizes the importance of aligning project goals with overall business objectives to ensure strategic relevance and value creation. Challenges faced by MNCs in strategic project management include coordination and integration issues arising from diverse organizational structures, conflicting priorities, and resource constraints. Furthermore, navigating through geopolitical uncertainties, legal complexities, and compliance requirements presents additional hurdles for MNCs operating across multiple jurisdictions. Drawing on insights from academic literature and industry practices, this review provides an overview of best practices adopted by successful MNCs to overcome these challenges and achieve project success. It discusses the significance of establishing standardized project management frameworks, leveraging technology for virtual collaboration, and fostering a culture of innovation and adaptability within the organization. this review underscores the importance of adopting a holistic approach to strategic project management in MNCs, integrating people, processes, and technology to drive sustainable growth and competitive advantage in an increasingly globalized business landscape.
 Keywords: Project Management, Multinational Corporation, Global Perspective, Best Practices, Review.

EMPLOYEE TRACKER SYSTEM

The Employee Tracker System is a sophisticated software solution designed to streamline and optimize the management of employee data and activities within an organization. In today's dynamic business environment, efficient workforce management is paramount for the success and growth of any company. This system offers a comprehensive set of features and functionalities to meet the diverse needs of modern enterprises. It is a comprehensive solution designed to optimize workforce management processes, enhance productivity, and foster a culture of transparency and accountability within organizations. By leveraging advanced technologies and intuitive user interfaces, this system empowers HR departments and managers to efficiently manage their workforce and drive organizational success. Key Words: Employee Tracker System, Workforce Management, Attendance Tracking, Time Tracking, Leave Management, Absence Management, Workflow Automation, Employee Empowerment

Human Resources in Changing Environment

Globalization, heightened competition, and increased information flow, alongside rising customer awareness, have driven significant changes in human resource management (HRM). This study aims to evaluate HR’s role in facilitating organizational change, exploring the interplay between change management and HR practices. The research seeks to propose a framework highlighting this interrelationship by identifying the functions and roles of HR and examining their interconnectedness. Data for this study is collected through semi-structured interviews to achieve these objectives. Human Resource Management in service and government organizations faces immense pressure to adapt to these changes. Change is an unavoidable aspect of modern business, necessitating a corresponding evolution in HRM practices. The role of HRM has transformed to meet environmental shifts, demanding a proactive approach to managing change within organizations. This study underscores the necessity of HR’s involvement in change processes, emphasizing the strategic integration of HR functions to support organizational transformation. Through semi-structured interviews, the study captures diverse perspectives on how HR roles and practices have adapted to meet the challenges posed by a dynamic business environment. The findings reveal that HR’s responsibilities extend beyond traditional functions, encompassing strategic participation in guiding organizational change. By fostering a deeper understanding of the symbiotic relationship between change management and HR practices, this research provides valuable insights for organizations seeking to navigate the complexities of modern business landscapes. In summary, this study highlights the evolving role of HR in driving organizational change, proposing a framework that elucidates the interconnection between HR functions and change management.

Analyzing the Relationship between Employee Motivation and Job Satisfaction

Employee motivation and job satisfaction are integral components of organizational success and employee well-being. This paper aims to analyse the complex relationship between these two constructs and explore their implications for organizational management. Motivated employees are more likely to exhibit higher levels of job satisfaction, and vice versa, creating a symbiotic relationship that influences organizational performance. Factors such as intrinsic and extrinsic motivators, organizational culture, leadership style, and individual differences play significant roles in shaping employee motivation and job satisfaction levels. By understanding and leveraging this relationship effectively, organizations can create a positive work environment that enhances employee engagement, productivity, and overall organizational success. This paper provides insights into strategies for fostering employee motivation and job satisfaction and emphasizes the importance of continuous improvement and personalized approaches to meet the diverse needs of employees. Ultimately, investing in employee motivation and job satisfaction is essential for creating a sustainable competitive advantage in today’s dynamic business landscape.

REVIEWING THE TRANSFORMATIONAL IMPACT OF EDGE COMPUTING ON REAL-TIME DATA PROCESSING AND ANALYTICS

Edge computing has emerged as a pivotal paradigm shift in the realm of data processing and analytics, revolutionizing the way organizations handle real-time data. This review presents a comprehensive review of the transformational impact of edge computing on real-time data processing and analytics. Firstly, the review delves into the fundamental concepts of edge computing, elucidating its architectural framework and highlighting its distinct advantages over traditional cloud-centric approaches. By distributing computational resources closer to data sources, edge computing mitigates latency issues and enhances responsiveness, thereby enabling real-time data processing at the edge. Furthermore, this review explores how edge computing facilitates the seamless integration of analytics capabilities into edge devices, empowering organizations to derive actionable insights at the source of data generation. Leveraging advanced analytics algorithms, such as machine learning and artificial intelligence, edge computing enables autonomous decision-making and predictive analytics in real time, fostering innovation across diverse industry verticals. Moreover, the review examines the transformative implications of edge computing on various sectors, including healthcare, manufacturing, transportation, and smart cities. By enabling localized data processing and analytics, edge computing enhances operational efficiency, ensures data privacy and security, and unlocks new opportunities for business optimization and value creation. This review underscores the profound impact of edge computing on real-time data processing and analytics, revolutionizing the way organizations harness data to drive informed decision-making and gain competitive advantage in today's dynamic business landscape. As edge computing continues to evolve, its transformative potential is poised to redefine the future of data-driven innovation and digital transformation.
 Keywords: Edge, Computing, Analytics, Data, Impact, Review.

Developing conceptual model for safety risk management in aviation as building capacity and resilience strategy

Purpose This study aims to develop an inclusive, multidisciplinary, flexible and organizationally adaptable safety risk management framework, including diversity management, that will be implemented to ensure safety is and remains at the desired level. If the number of incidents and potential incidents that could lead to accidents and their impact rates are to be reduced operationally and administratively, aviation safety risks and sources of risk must be better understood, sources of risk identified, and the safety risk management framework designed in an organization-specific and organization-wide sustainable way. At this point, it is necessary to draw the conceptual framework well and to define the boundaries of the concepts well. In this study, a framework model that can be adapted to the organization is proposed to optimize the management of risks and provide both efficient and effective resource allocation and organizational structure design in its operations and management functions. Design/methodology/approach The qualitative research method – triple techniques – was deemed appropriate for this study, which aims to identify, examine, interpret and develop the situations of safety management models. In this context, document analysis, business process modeling technique and Delphi techniques from qualitative research methods were used via integration as the methodology of this research. Findings To manage dynamic civil aviation management activities and business processes effectively and efficiently, the risk management process is the building block of the “Proposed Process Model” that supports the decision-making processes of aviation organizations and managers. This “Framework Conceptual Model” building block also helps build capacity and resilience by enabling continuous development, organizational learning, and flexible structuring. Research limitations/implications This research is limited to air transportation and aviation safety management issues. This research is limited specifically to a safety-based risk management framework for the aviation industry. This research may have social implications as source saving, optimum resource use and capacity building will make a contribution to society and add value besides operational and practical implementation. Social implications This research may contribute to more safe operations and functions in the aviation industry. Originality/value Management and academia may gain considerable support from this research to manage their safety risks via a corporate-tailored risk management framework, both improving resilience and developing corporate capacity. With this model presented, decision-makers will have a guiding structure that can optimally manage the main risk types that may be encountered in the safety risk in the fields of suppliers, manufacturers, demand changes, logistics, information management, environmental, legal and regulatory. Existing studies in the literature are generally in the form of algorithms and cannot be used as a decision-making support tool. This model aims to fill the gap in the literature. In addition, added value may be created by applying this model to optimum management safety risks in the real aviation industry and its related sectors.