Factor In Competitive Advantage Research Articles

MECHANISMS FOR ENSURING SUSTAINABLE DEVELOPMENT OF REGIONS UKRAINE AND STRENGTHENING THE CAPACITY OF TERRITORIAL COMMUNITIES IN THIS PROCESS

The article examines the problems of implementing structural transformations in relation to the priority tasks of local self-government in ensuring the capacity of territorial communities for economic development at the regional level in the public administration system. It was established that in such conditions, local authorities must deeply understand the peculiarities of the dynamics of local economic development, possess the necessary knowledge, information, skills and experience to ensure greater competitiveness of their communities in the complex world of new realities. Today, they cannot wait for decisions «from above», but must independently solve their local development issues – creating new jobs, increasing employment of the population, attracting investments, increasing the income of local budgets, improving the quality of life, developing public works and infrastructure.
 It has been highlighted that in recent years in the developed countries of the world, there have been significant changes in the practice of planning the development of territorial communities (local development) and these changes relate to three areas: the levels of government responsibility for the implementation of territorial development planning have changed. Territorial communities assumed almost all responsibility for the local situation, for the level of quality of work, education, recreation and life in the community; the methodology of implementing the local development management process has changed. All activities of communities are subordinated to the strategy, which is created and executed by the community, which is implemented through permanent planned project activities subordinated to the strategy; there was a change in the management entity. Through partnership and inter-municipal cooperation, cities began to independently expand the space of their influence in the region, creating local factors of competitive advantages, forming joint projects to increase competitiveness (transport corridors, industrial parks, public-private partnerships, clusters, etc.).
 It was found that local development, or the development of territorial communities in highly developed countries of the world, is directly related to»local economic development». In fact, local economic development is an objective and complex multifaceted process, it refers to a relatively complete socio-economic unit in which all aspects of the life of society are manifested. The phenomenon of "local economic development" arose as a result of globalization processes, which are becoming the main factors in the future development of the world economy. Analyzing the capacity of the community, the importance of understanding the essence and content of the object of research, the legal nature of the concept of «community» was determined. The development of an administrative-territorial unit depends primarily on an efficient, effective, self-development oriented community. And the state must justify the possibilities of development and the framework of the functioning of such a community in the normative and legal aspect.

The Effect of Institutional Ownership on Company Reputation with Profitability as a Mediating Variable

Corporate reputation is one of the competitive advantage factors used by a company. This study aims to empirically examine the effect of institutional ownership on corporate reputation by considering profitability as a mediating variable. The research method used in this research is the quantitative research method. The sample of companies obtained was 86 companies with 246 observations. The data collection technique used is the documentation technique obtained from the websites www.idx.co.id and www.imacaward.com. The results showed that institutional ownership has a significant negative effect on profitability at the 5% level, profitability has no effect on corporate reputation, and institutional ownership has a significant positive impact on corporate reputation at the 10% level. Based on the three results of the analysis, profitability cannot mediate the effect of institutional ownership on corporate reputation.

Factors influencing competitive advantage in start-ups operations 4.0

Purpose The ability of a business to outperform its rivals is known as its competitive edge, and it presents special difficulties in the context of the “digital revolution,” or the fourth industrial revolution. To obtain a competitive edge in the startup operations 4.0 era, this study aims to examine the organizational, technological and competence-related challenges presented by Industry 4.0. It does this by concentrating on the tools, competencies, methods, approaches, tools and strategies that are crucial. Using the Total Interpretive Structural Modeling (TISM) technique, the goal is to find, analyze and classify enablers for startup operations 4.0. Design/methodology/approach A closed-ended questionnaire and planned interviews were used in the data collection process. In startup operations 4.0, the cross-impact matrix multiplication applied to classification method is used to rank and categorize competitive advantage factors, whereas the TISM technique is used to analyze how components interact. Findings The study highlights the critical significance of the “Internet of Things (IoT),” “information technologies,” “technological platforms,” “employee empowerment,” “augmented reality (AR)” and “operational technologies” in its identification of 12 enablers for startup operations 4.0. Research limitations/implications The main focus of the study is on the variables that affect startup operations 4.0’s competitive advantage. Practical implications Academics and important stakeholders can better understand the factors influencing competitive advantage in startup operations 4.0 with the help of this research. Originality/value Large businesses have been profoundly impacted by Industry 4.0 principles; however, startup operations 4.0’s competitive advantage has not received as much attention. This paper offers a fresh take on the concept of competitive advantage in startup operations 4.0 research.

A társadalmi innovációs potenciál és a területi versenyképesség kapcsolatának vizsgálata = Investigating the Relationship Between Social Innovation Potential and Spatial Competitiveness

This study jointly examines the social innovation potential and spatial competitiveness of Hungarian municipalities in terms of competitive advantage and competitive disadvantage. The primary focus of our study is on the link between the factors of social innovation potential and spatial competitive advantage. Based on the social innovation complex index of municipalities and its components, we analyse the spatial pattern of social innovation potential in the country using cluster analysis and explore the possible causes of spatial disparities based on social innovation.

EUROPEAN AUTOMOTIVE TNCs: ANALYSIS OF ACTIVITIES AND FACTORS OF INFLUENCE ON THEIR MARKET STRATEGIES

Nowadays activity strategies of TNCs become the basis of their success on international markets with the growth of globalization and integration of the world economy. Understanding of the competitive components of these strategies allows companies to adapt to changing conditions and remain competitive. The authors of the article have investigated the activities of the main European automotive TNCs and have come to the conclusion that the production of auto components is an important part of activity for automotive concerns. Automotive TNCs have gone beyond their regions long time ago and now their main goal is to increase sales on the global market. In addition, the authors have considered the main factors which influence the market strategies of the world’s leading car manufacturers. The market power of a buyer becomes a driving force for the strategic plan formation of the automotive TNCs due to the fact that TNCs put the convenience of the consumer in the first place not only in the context of using the product but also in its purchase. Today, mobile applications become an important tool for the development of sales channels where car dealers can send any information to a potential buyer. The authors note that the need for personal vehicles may decrease in the future. The main reason for such situation is the popularization and growing awareness of residents about the advantages of car sharing compared to owning a car and the lower cost of this service compared to a taxi. Today, well-known automotive TNCs enter the market of car sharing services. Recently, automotive concerns have become increasingly dependent on supplier companies. Therefore, stable relations with them, their innovative development, pricing policy have a huge impact on the marketing strategies of automotive TNCs. Another factor is the threat of the appearance of new competitors. Indian and Chinese TNCs enter the global automotive market by buying European companies thereby increasing competition in it. Acquisition of companies is carried out for the sake of access to technologies which top managers of Chinese and Indian companies consider to be one of the main factors of competitive advantages. The only way to maintain their presence on the market is to produce products of controlled European companies which do not have a significant market share. However, the authors of the article emphasize that competition from Chinese companies in the European market will intensify in the long run.

Analysis of Competitive Advantage Factors: Marketing Information System, Digital Marketing and Market Orientation

This research was conducted to find out how marketing information systems, digital marketing, and market orientation influence competitive advantage. The method used in this research is quantitative research using literature study or library research methods. The data in this research comes from several national and international journals obtained through trusted platforms such as Science Direct, nelite, scholar, and textbooks or handbooks. The results of this research show that marketing information systems have a positive influence on competitive advantage. Digital marketing, such as online marketing, has a positive and significant influence on competitive advantage. Market orientation has a positive and significant influence on competitive advantage

Examining the Determinants of Sustainable Competitive Advantage: A Systematic Literature Review

The purpose of this study is to know the certain of how current research on sustainable competitive advantage has been conducted and to identify any research gaps that would be useful for future research in this area. With the aid of VOSViewer and Bibliometrics software, this research is anticipated to produce information in the form of elements that can affect sustainable competitive advantage. According to the data gathered, publications for research on the subject of sustainable competitive advantage typically experience a large increase. The determinant factors of Sustainable Competitive Advantage, namely Sustainability, Competition, Sustainable Development, Innovation, and Competitive Advantage are expected to be examined in further research.

The impact of innovation and fintech on the banking business

The object of research. The study analyzes the impact of fintech innovations on the effectiveness of the functioning of the banking business and outlines the prospects for their further implementation in Ukraine, taking into account the EU experience.
 Investigated problem. In the conditions of the spread of digitalization processes as a key factor of competitive advantages, the question of researching the introduction of fintech innovations into the banking sector of Ukraine, determining their impact on the effectiveness of the functioning of the banking business, and delineating further prospects for the digitalization of banking institutions' activities becomes relevant.
 The main scientific results. The results of the study proved the existence of potential opportunities for expanding the innovative activity of the banking system of Ukraine. In recent years, there has been an intensification of the processes of digitalization of banking services. On the basis of a comparative analysis of the neobanks of Ukraine, their main advantages are outlined and prospective areas of activity expansion are substantiated. At the same time, problematic aspects in the implementation of digital technologies in the banking sector of Ukraine are identified, in particular, imperfect legislation in the field of digital technologies in neobanking and licensing of their activities, low level of financial literacy of the population, expensive initial investments. This requires further research into the possibilities of implementing the positive experience of the EU countries.
 The area of practical use of research results. The results of the study can be used by banking institutions of Ukraine when justifying strategies for introducing fintech into their activities.
 Innovative technological product. The results of the study made it possible to outline strategic directions for the introduction of digital technologies in the banking sector of Ukraine.
 Scope of the innovative technological product. The results of the research concern the implementation of banking innovations.

Explaining the Background Factors of Competitive Advantage based on the Empowerment of University Professors

Explaining the Background Factors of Competitive Advantage based on the Empowerment of University Professors

IMPROVEMENT OF METHODOLOGICAL PRINCIPLES OF BRAND PROTECTION IN CYBERSPACE

The main purpose of this scientific work is to improve the theoretical and methodological foundations of ensuring data protection in cyberspace in the direction of forming a brand protection system to increase its level of recognition, strengthen reputation and increase brand capital as factors of competitive advantages of the organization for the long run.In order to achieve the purpose, general scientific and special research methods have been used in the article, the main of which were the methods of scientific abstraction, generalization and synthesis, analytical diagnostics, descriptive statistics and the index-criterion method. Method of system analysis has been used in the research in order to comprehensively characterize the main aspects of brand protection in the information environment. Methods of steganographic protection of information, areas of their use and requirements for the characteristics of steganographic methods are considered.The importance for companies to carefully research the issues of ensuring a brand image in the environment of a potential target audience by tracking manifestations of abuse of public opinion and a positive attitude towards the brand in order to ensure a high image level, the business reputation of the organization's branding policy, increase the level of data protection in the virtual space, as well as satisfaction and trust of the target audience for the long term are substantiated. Selection and justification of the coefficient of importance and evaluation criteria of steganographic methods, which were chosen and justified for use in ensuring cyber protection of the brand (stability, invisibility, security, complexity of embedding and extracting information). There was carried out the calculation of the weight characteristics in relation to the selected methods of hiding information to ensure cyber protection of the brand.It was established that in a comprehensive comparison of information embedding methods for use in steganographic applications designed to increase brand cyber protection, the best result was shown by integrated methods based on discrete wavelet transformation and discrete cosine transformation.

Strategic Innovation Management in U.S. Automobile Manufacturing: Electric Vehicles and Competitive Advantage

This study examined the role of strategic innovation management in the U.S. automobile manufacturing sector, focusing on the development and deployment of electric vehicles (EVs). Utilizing data from 2010 to 2020, the research sought to understand how innovation in electric vehicles contributed to competitive advantage among American manufacturers. Our analysis revealed that companies investing in EV technology experienced a 25% average increase in market share compared to those that did not. Moreover, investment in EV research and development correlated with a 30% rise in profitability over the same period. Companies like Tesla led the market, capturing 60% of the EV market share in the United States by 2020. Traditional manufacturers like General Motors and Ford were observed to gradually adapt to this trend, with GM committing to go fully electric by 2035. The study concluded that strategic innovation in electric vehicles was a critical factor for competitive advantage in the U.S. automobile manufacturing industry. Adoption of such strategies was found to be both environmentally sustainable and financially rewarding for companies willing to embrace this technological shift. Keywords: Strategic Innovation, U.S. Automobile Manufacturing, Electric Vehicles, Competitive Advantage, Market Share

The impact of advanced manufacturing technology, sensing and analytics capabilities, and planning comprehensiveness on sustained competitive advantage: The moderating role of environmental uncertainty

Studies have shown that digital manufacturing is a key factor in sustained competitive advantage (SCA). However, few studies have investigated how SCA is affected by advanced manufacturing technology (AMT), analytics capability (AC), sensing capability (SC), and planning comprehensiveness (PC) in an uncertain environment. We developed a conceptual model based on dynamic capabilities theory and the resource-based view to empirically investigate the effects of AMT, AC, SC, and PC on SCA. In addition, our research model tested whether environmental uncertainty moderated the effects of these factors using data from 200 validated surveys completed by senior managers of firms in the clothing and textile industry in China. Our results revealed that all four factors positively influenced SCA, and that environmental uncertainty positively moderated their impact, supporting our research model. We discuss the theoretical and practical implications of these findings.

Determinants of Competitive Advantage of A and Excelled Accreditation Study Programs at Private Universities: A Concept Analysis with Mediation of Performance

The purpose of this study is to examine the link between the determinants of competitive advantage and competitive advantage itself at private institutions by mediating the performance of A and Excelled accredited study programs. This study employs a qualitative approach to study which comprises a literature review. With data gathered from documents relating to competitive advantage, the factors of competitive advantage, and the success of A and Excelled accredited study programs at private institutions. This study discovered that study program performance has a significant positive impact on competitive advantage and can mediate the link between study program accreditation, university reputation, graduate quality, and lecturer quality, as well as competitive advantage. As a result, efforts must be made to improve the performance of study programs by developing curriculum that is in line with industry needs, improving the quality of graduates and lecturers, and increasing the accreditation of study programs and the reputation of higher education institutions as a whole to increase competitive advantage in study programs that have A or Excelled accreditation at a private university.

Applying lean principles to innovation management

The innovative potential of the organization is increasingly becoming one of the key factors of competitive advantage. The philosophy of lean manufacturing has a well-established reputation for its focus on process efficiency and is therefore often applied in various areas of innovation. This broad and growing applicability has resulted in a large body of literature on lean innovation. The purpose of this article is to conceptualize an integrative view of Lean Innovation Management. Based on a systematic review of the literature, key principles and practices of lean manufacturing that are useful in the context of innovation management are identified and combined into a comprehensive framework. Five aspects of lean innovation are identified: coaching, learning culture, collaborative organizational structure, collaborative external networks and learning procedures), which reflect the structure of the relationship between lean manufacturing and innovation. Contributing to the current socio-technical concept of lean, this study brings together the literature into a comprehensive framework of cultural, relational, organizational, technical, and leadership qualities. Future research may focus on the Lean Innovation Management transformation process and how it can be monitored and evaluated according to management maturity levels or organization development stages.

ANALISIS DAYA SAING JAMBU METE (Anacardium Occidentale L.) PADA ERA PERDAGANGAN BEBAS

Cashew is one of the plantation commodities which is quite important as a contributor to the foreign exchange. Cashew is originally developed as a conservation plant to improve critical land. The paradigm shift in the end make it used as a source of farmers' income. Increased production makes cashew as one of the leading export commodities. This is because Indonesian cashews has the potential and are well received in the international market. The purpose of this research is to determine the competitiveness of Indonesian cashew in terms of either competitive advantage or comparative advantage which focused on two comparison countries they are India and Vietnam. The comparative advantage factor can be found using the analysis of RCA (Revealed Comparative Adventage), RCTA and ISP (Trade Specialization Index), where the theory describes whether Indonesian cashew has a comparative advantage and knowing whether Indonesia's cashew commodity tends to be an exporter or importer country, as well as measuring the position of the stages of development of Indonesian cashew. The competitive advantage factor can be found through the analysis of the Export Competitiveness Index (ECI), where the theory describes whether Indonesian cashew has a competitive advantage. The results of this research indicates that, Indonesia has a comparative advantage with an average RCA value of 2.44 and an RCTA of 20.54 and a declining competitive advantage with an average ECI value of 0.96. Indonesia is classified as an exporter country because the ISP value shows a positive (+) number with an average value of 0.88.

The time of making a strategic decision in transport management: Own, outsourced or mixed fleet?

Transportation is responsible for delivering a product to the supply chain, which is why it is often cited as a potential factor of competitive advantage for companies. However, more and more companies are opting to outsource their transportation service demands instead of investing in their own fleet. This research falls under the qualitative research method with an exploratory investigation level based on a literature review. Based on the literature review conducted, it was possible to conclude that the main advantages of a company-owned fleet are primarily the availability of transportation to the company and control over drivers and deliveries. The general objective of this study was to conduct a comparative study on the decision moment between an own, outsourced, or mixed road transportation fleet. It sought to highlight the best option in terms of cost-benefit and profitability, for the most dynamic choice among these modes of operation, with the goal of business profitability and sustainability. The research indicates that outsourcing increases competitiveness when the company-owned fleet is not sufficient to meet the demand, constituting a profitable solution. However, the balance between cost and vehicle availability is in the acquisition of a mixed fleet.

Developing Sports Tourism Destinations in Emerging Countries: The Case of Zrebar Lake in Iran

Abstract Introduction. Sports tourism is considered an effective strategy for developing local economies, creating jobs, and developing local infrastructure. Therefore, the aim of this study was to identify key factors contributing to the development of sports tourism in emerging countries. To accomplish this goal, we studied Zrebar Lake in western Iran. Material and Methods. Administrative documents were reviewed and experts were interviewed to identify the critical factors affecting the development of sports tourism. Afterwards, interpretive structural modeling was used to determine the relationships between these factors. Results. TThe findings of our study indicate six factors, i.e. infrastructure, management, economic factors, competitive advantage, environmental and cultural factors. Using MICMAC analysis, we determined their role in developing sports tourism. Conclusions. The current efforts of tourism authorities to develop sports tourism in emerging destinations should be directed at the effective management of the factors identified by our study. This article is the first attempt to shed light on important factors that need to be considered when developing sports tourism in emerging countries.

DESIGNING A FRAMEWORK OF INFLUENCING VARIABLES ON OPEN INNOVATION IN STARTUP COMPANIES

Purpose — The goal of this research is to create a model of influencing factors of open innovation (OI) in startups. This research has also looked into how OI affects gaining a competitive advantage by taking into account the moderator role of environment dynamics. Design/methodology/approach — Possible factors influencing OI in startups, determined through research background studies and interviews with experts in the startup fields, then along with the factors of competitive advantage and environmental dynamics, were evaluated in a sample of 120 managers of Iranian start-up companies. Using structural equation modelling, we analysed data collected from startup managers pertaining to variables of OI, competitive advantage, and environmental dynamics. Structural equation modelling is a multivariate analysis method that enables the examination of relationships among multiple variables within a model. A two-stage partial least squares structural equation modelling method was employed in this study. In the first stage, the construct validity and reliability of the measurement models were evaluated, and in the second stage, the conceptual model and research hypotheses were put to the test. Findings — Results showed that organisational entrepreneurship, open business model, knowledge management capabilities, absorption capacity, organisational readiness, and participatory capability are important influences on OI in startups. Furthermore, the study found that applying OI techniques can help startups succeed more often in gaining a competitive edge. Additionally, the study found that environmental dynamics have a positive moderating effect on this relationship. Practical implications — Considering the vital role of startups in economic development programs, the results of this research can lead the managers of start-up companies and growth centers to use the OI approach to overcome the limitations of being new and small. Also to survive startups and increase productivity and competitive advantage, startup managers by focusing on these factors can take steps to create the necessary internal foundations in the organisation and negotiate with large companies in line with better policies. Originality/value — The study’s significant contribution is believed to be the development of a model that identifies the factors that influence OI in startups. Moreover, the study verified the influence of OI on achieving competitive advantage, as per the established model, while also considering the moderating effect of environmental dynamics on this association.

ANALYSIS STRATEGY CONFIGURATIONS IN RISK TAKING USING FUZZY SET QUALITATIVE COMPARATIVE ANALYSIS MODEL

Risk-taking is a key factor in corporate competitive advantage, and economic development. The type of strategic configuration that can drive high-level risk-taking is a problem worthy of attention. This study takes 2,219 listed firms in China as samples and performs a fuzzy set qualitative comparative analysis (fsQCA) to explore the linkage effect and path choice of strategic change, corporate social responsibility, innovation, diversification, and financialization with corporate risk-taking (CRT). It finds that: (a) a single strategy does not constitute a necessary condition for high-level CRT; (b) three types of adaptive schemes exist for high-level CRT, among which the risk-taking level is the highest under the path of “Innovation, diversification, and financialization”; and (c) the driving paths of CRT in different regions, industries, and ownership show obvious differences.

The Relation between Bio-Industry Performance and Innovation Capacity—Focusing on the Korean Bio-Industry

After the COVID-19 pandemic, the bio-industry is becoming increasingly important. Therefore, it is necessary to respond to the changed environment after COVID-19 by analyzing the bio-industry situation before the COVID-19 pandemic. In addition, Korean bio-industry is a very important industry for Korea’s economic growth, so huge investments are being made in the development of bio-companies. Therefore, it is necessary to analyze the effect of innovation capabilities on the performance of the Korean bio-industry. Korea’s bio-industry has been developing under the leadership of the government. Thus, Korea’s bio-companies need various forms of innovation to achieve sustainability through competitive advantage on their own. The objective of this research is to find the competitive advantage factors that improve the innovation ability of the Korean bio-industry. Therefore, the elements that increase a company’s innovation capability were studied in order to uncover competitive advantage factors that improve the Korean bio-industry’s innovation capability, and the effect on corporate performance was analyzed. Using samples from the ‘Korean Bio-industry Survey’, the current state of the Korean bio-industry was examined through a review of all bio-industry enterprises. In addition, each of the eight bio-industries was examined using Korea’s industrial classification system. As an analysis method, multiple regression analysis of SPSS 25 was performed to analyze how the six input factors have a complex effect on the output factor. This study discovered that R&D intensity, machine investment, and human resource characteristics all had an impact on the business performance of Korean biotech enterprises. In eight bio-sectors, elements affecting company success were defined differently. Therefore, through this study, Korean bio-companies must understand their own industrial characteristics, and develop factors that affect business performance through strategic operational management. In addition, based on the results of this study, companies should strengthen the innovation capabilities of the bio-industry to survive post-COVID-19, analyze changes in innovation capabilities, and promote sustainable growth by strengthening key innovation factors.