Long-term Business Research Articles

The dynamic capabilities approach and regional business resilience: an Australian case study

ABSTRACT The frequency and severity of major disruptions (e.g., disasters, epidemics/pandemics) are increasing, significantly impacting business survival in regional areas. Using the dynamic capabilities approach, this paper reports on the recovery pathways and resilience of Australian regional businesses during the recent COVID-19 pandemic. A case study approach is adopted to explore the capabilities through which regional businesses can plan for, recover from, and develop strategies for building resilience. Using the data from 18 semi-structured interviews with business owners operating in different industry sectors and a web-based forum with 10 key stakeholders in regional South Australia, a dynamic capabilities resilience framework is developed. Results suggest that the dynamic capabilities approach during crises can become integral to the long-term business recovery of regional Australian businesses. By revealing both the determinants of business survival and the constraints regional businesses face during major crises, the study contributes information that businesses, government and non-government agencies that support them can use to develop effective recovery pathways, which is central to the future sustainability of regional Australia.

Designing for Sustainability: The Role of Industrial Design and Designers in Creating a Culture of Sustainability

Organizations need to adopt a proactive stance toward sustainability due to the growing knowledge that human activity negatively impacts the environment. Developing a sustainable culture within organizations is a crucial step in this approach. A culture of sustainability includes beliefs and actions, and we should adopt practices that promote the concept of sustainability encompasses the economy, society, and environment. Since they develop and produce systems and products that substantially impact the environment, industrial design, and designers have an essential role in this process.
 This research aims to examine the subject of developing a sustainable culture from the perspective of an industrial design researcher. This research investigates how organizations develop a sustainability culture and how industrial design contributes to this process. The research is constructed on a current literature review that has provided the study's theoretical foundation to accomplish this goal. The literature review explored the present state of sustainability in industrial design, the several components that comprise a culture of sustainability, and the particular part that industrial design and designers have played in promoting this culture.
 In order to lessen their environmental effect and increase their long-term sustainability, businesses and communities should cultivate a culture of sustainability. Due to their particular position in this process, industrial designers should consider their environmental impact and create sustainable, inclusive products, systems, and processes. The review examines the strategies and practices businesses may employ to develop a sustainable culture and the part industrial design has in it.

Limitations and trends in the development of the digital society: Analysis and classification

Subject. This article discusses the present-day restricting factors and digital trends in the Russian society's advancement, since while developing, they are influencing various consumption patterns, lifestyles, habits, etc. Objectives. The article aims to analyze the restricting factors and current digital trends in the society's development to classify them in order to identify the key common characteristics important for the consumers. Methods. For the study, we used analysis, induction, description, and classification. Results. The article analyzes and classifies the found restricting factors of the Russian society's development, identifies the current digital trend key characteristics, and describes the importance of understanding the restricting factors and consumer trends as a core element for medium- and long-term business strategies. Conclusions and Relevance. The modern Russian society has already acquired some digital characteristics that can be observed in the form of certain trends. The results obtained may be useful to managers and business owners to develop business strategies.

Unmasking company liability for corruption by associated persons

PurposeThe Malaysian Anti-Corruption Commission Act 2009 (MACC Act) has introduced Section 17 A, which holds companies and their management accountable for bribery committed by their Associated Persons in the interest of the company. This study aims to explore the evolving concept of Associated Persons and corporate liability within this legal framework. It delves into three primary legal models of Associated Persons, particularly focusing on corrupt cases falling under Sections 17 A (1), 17 A (6) and 17 A (7) of the MACC Act. The study also investigates the extent of Associated Persons’ involvement in these cases that eventually led to company liability.Design/methodology/approachThe study deployed thematic and comparative analyses to assess the legal framework and highlight the significance of Section 17 A of the MACC Act.FindingsThe study disclosed that, despite having corruption policies, there is still a possibility for Associated Persons to engage in corrupt activities. To ensure long-term business sustainability, it is crucial to implement effective mechanisms and a strong compliance culture.Originality/valueThis study suggests implementing a due diligence checklist and conducting risk assessments for companies as measures against corruption caused by Associated Persons. Corporate entities and legal professionals may benefit from the reported findings to better comprehend the corruption offences outlined in Section 17 A of the MACC Act.

Strategi Memperkuat Branding Dalam Menghadapi Citra Buruk Perusahaan Pialang (Sosialisasi Ke Masyarakat)

This outreach activity to the community aims to build a brokerage company image branding strategy. Brokerage companies often face challenges in maintaining a positive image amidst negative perceptions that arise due to various issues and scandals involving the corporate industry. A bad image of a brokerage company can damage investor confidence and hinder long-term business growth. In Indonesia, there are still many people who do not understand investment principles. Seeing the existing problems, this community service activity provides insight and understanding for the community through training as part of the branding strategy. Participants can also have the opportunity to play golf while sharing. Thus, the insights gained by SSC participants "Sharing Cari Cuan" are not only material on how to invest, but also get other experiences from community service activities carried out.

Pengaruh Perencanaan Pajak terhadap Manajemen Laba pada PT. Merapi Utama Pharma Medan

The aim of this research is to investigate the impact of tax planning on revenue management practices at PT. Merapi Utama Pharmacy, Medan. This research uses quantitative and correlational analysis methods. The scope of this research is limited to the period 2018 to 2022. The data analysis method used in this research is the simple linear regression analysis method. The findings of this research show that tax planning has a positive correlation and influence on laboratory management, thus indicating that improving tax planning will also lead to improved laboratory management. The findings of this research are consistent with rational choice theory and accounting theory. A company needs a superior competitive advantage compared to its business competitors in order to achieve high profitability. One of these advantages lies in the company's ability to manage finances effectively, which in turn will ensure long-term business continuity. The sustainability of this business can be measured from the level of profitability obtained. These are the factors that encourage management to engage in the presentation and reporting of laboratory information, also known as "earnings management".

SOSIALISASI PENERAPAN AKUNTANSI INDUSTRI KECIL MENENGAH (IKM) YANG MEMANFAATKAN SUMBERDAYA LINGKUNGAN DI PULAU TIDUNG SEBAGAI PROSPEK BISNIS

This dedication is based on observations that show that the application of accounting practices can play an important role in the success or failure of a business. On Tidung Island, there are many small and medium industrial business actors (IKM) who depend on natural resources, especially the fisheries sector, for their survival and livelihood and produce fishery products which are sold in local markets and support the rapidly growing tourism sector, but the application of accounting for SMEs is still weak, even though this application is an effective solution for developing a sustainable business model. To answer this, socialization was held on the application of accounting for small and medium industries (IKM) which utilizes environmental resources on Tidung Island as a business prospect using socialization methods and discussion forums so that solutions to problems can be found such as increasing understanding of Accounting for SME participants on Tidung Island, understanding and being able to practicing basic technology for SME entrepreneurs to utilize the tools that are available and showing the positive impact of implementing accounting on business and environmental sustainability, and how this can support long-term business resilience.

Strategi Inkubator Bisnis Dalam Pengembangan Startup Digital

A startup is a start-up business that creates new products or services and is founded by a group of individuals to find a new business model or service in the dynamics of a developing market. Indonesia is a country with a world startup ranking percentage that occupies 6th position, but data shows that the startup failure ratio is very high. Based on the phenomenon of startup problems that occur, systematic steps are needed in developing startups so that research is prepared in the form of designing startup development strategies through business incubators. The method used in this report is a qualitative method which is descriptive and analytical. To collect data in this research, researchers used observation, interviews and documentation methods, while the data analysis techniques used in this research were; data reduction, data presentation, and drawing conclusions/verification. The strategy prepared by the IBTI Maleo Techno Center to encourage startup development by using targeted steps also looks at several aspects, namely development/management capability aspects, financial aspects, marketing aspects and human resource aspects. This is planned to create long-term business success.

The Analysis of the Effect of Compensation Strategy on Corporate Performance: An Example from Walmart

Using Walmart as a case study, this paper examines the relationship between compensation policies and company performance. Specifically, the paper focuses on how various compensation strategies, ranging from base salary to comprehensive benefits and incentives, affect Walmart's key performance indicators. The study delves into the issue of employee motivation and evaluates various important factors of Walmart's compensation program. The analysis focuses on the impact of various compensation strategies (including wages, benefits, and rewards) on Walmart's performance metrics. By using a variety of methods and combining them with data analysis, the study reveals the deeper role that Walmart's compensation policies have played in making it one of the world's leading retail companies. In addition, the study mentions the correlation between employee satisfaction and long-term business results. The results of the study provide valuable insights for business leaders and policy makers, emphasizing the need to balance employee needs with corporate goals. The results of the study underscore the importance of well-designed compensation policies as a key tool for achieving organizational brilliance and maintaining a competitive advantage.

Integrating time and knowledge to understand organizational evolution: towards a conceptual framework

PurposeHow does the interaction between time and knowledge affect the evolution of organizations? Past research in organizational evolution has mostly investigated time and knowledge as two separate variables. In contrast, theoretical perspectives integrating these variables are still seemingly scant. The authors believe that filling this literature gap needs attention. Thus, this study aims to contribute by developing a conceptual framework.Design/methodology/approachThis is a conceptual study. The framework is centred on the concept of “co-evolutionary time”, which the authors explain through a business example from the tourism industry. Supported by a narrative-based style, from a methodological point of view the framework is featured by the attempt to synthesize specific, extant literature into new theoretical development.FindingsAs its main theoretical contribution, the co-evolutionary time suggests how firms can adapt in a way that, from an evolutionary perspective, proves fitting both in terms of contents and methods, thus opening possibilities for new long-term social construction and reconstruction. As its main practical contribution, co-evolutionary time can constitute not only a temporary source of organizational success and competitive advantage but also an agent of enduring change and long-term business survival.Originality/valueAs its main novelty, the framework is developed through merging two literature streams. In particular, the authors first consider the literature about time, with a focus on its objective and subjective dimensions. The authors then consider the literature about organizational evolution, with a focus on the co-evolutionary nature of the firm/environment relationship.

Specifičnosti i značaj marketinga za uspeh u poslovanju osiguravajućih društava 2024VOL XXIII NO1ЕВРОПСКА РЕВИЈА ЗА ПРАВО ОСИГУРАЊА

The success of all business activities in the insurance and reinsurance industry is valued on the market, that is, by insureds. If insurance companies fully satisfy the requirements and needs of the insured in the right way, they will achieve business success. The aim of the research in the paper is to analyse the specificity and importance of marketing for the success of insurance companies. The key conclusion is that marketing results in a satisfied insured and a profitable insurer. Also, marketing in insurance ensures the growth of demand, which not only ensures higher income from the sale of insurance but also enables better risk atomisation, which, combined, enables the long-term sustainable business of insurance companies

A Study Over Constructive Role of Delivery Services in Intensifying Customer Loyalty in E-Commerce Business: An Empirical Study in Delhi

The internet has evolved into a trustworthy community for the transaction of items and services. Because online purchases do not include face-to-face interaction, a variety of factors may impact on purchasers' purchasing intentions. Aside from appearance and usefulness, trust is an important factor that determines customers' decisions about an online business. Online retailers must devise tactics to keep loyal and trustworthy clients. This paper investigates the development and/or enhancement of customer loyalty in online retail. The COVID-19 epidemic has accelerated global market e-commerce growth and strengthened ties amongst online merchants. Businesses look for more sophisticated online shopping dimensions models. It can be used to customize services for customers. With the introduction of electronic commerce and online consumer buying patterns, theorists and practitioners of marketing have begun to understand the importance of developing and sustaining e-loyalty in electronic marketplaces. Managing client trust, happiness, and loyalty sentiments when using the services of e-commerce is critical for longterm business success. It becomes more crucial for online shopping as e-commerce competition heats up. sample of 320 respondents from e-commerce business has been considered in the study to know the role and impact of delivery services in intensifying customer loyalty in e-commerce business and the study concludes that there is significant impact of delivery services in intensifying customer loyalty in e-commerce business.

Analysis of service quality in engineering design department through SERVQUAL framework

This paper aimed to explore the application of SERVQUAL in assessing the performance of in-house detailed engineering design in an engineering management firm. The goal is to evaluate service quality and identify gaps between customer expectations and perceptions across the five service quality dimensions. Results show that customers are dissatisfied with the department's service quality, and negative gaps exist across all 22 questions. Improvements in reliability, assurance, and responsiveness are recommended to enhance customer satisfaction. The study demonstrates a strong correlation between service quality dimensions and contract retention, highlighting the importance of improving service quality for long-term business success.

The effects of CEO duality, board size, and informal social networks on sustainable innovation and firm performance.

Corporate governance affects the ownership and control of a firm. Conflicts between agents, managers and shareholders caused the crises of WorldCom, Enron, Tyco and Lehman Brothers. Therefore, the impact of chief executive officer (CEO) duality or board size on sustainable innovation and performance of small and medium-sized enterprises (SMEs) is relevant for research and evaluation. This may reflect the CEO style that supports long-term business growth with limited resources to enhance accountability, fast decision-making, and minimise hindrances to governance, particularly in emerging markets like India. The finding will help SMEs in maintaining their long-term viability. The current study examines the impact of CEO duality, board size, and informal social networks on sustainable innovation, governance, and performance of Indian SMEs to enable management to assess the significance of factors that contribute to firms’ sustainable performance

Towards Greener Printing: Examining Waste Disposal Innovations in the Ghanaian Printing Industry

This research investigates waste disposal practices in the Ghanaian printing industry with a specific emphasis on adopting environmentally sustainable approaches. Four (4) prominent printing presses in Ghana were selected as case studies to examine their waste management strategies. The study employed a mixed-methods approach, combining quantitative statistical data on waste generation and disposal rates with qualitative insights gathered through direct interviews, observation and site visits. The finding revealed the current state of waste disposal in the selected printing presses and highlight existing challenges. Additionally, the research identifies innovative waste disposal practices that contribute to greener printing operations. Factors influencing the adoption of these innovations were explored, including regulatory compliance, economic considerations, and environmental awareness. The study highlighted the importance of transitioning towards greener printing practices to mitigate environmental impact. Recommendations are provided for stakeholders in the printing industry, regulatory bodies, and policymakers to promote sustainable waste management practices. Ghanaian printing presses specifically industrial types must understand and implement these innovations that contribute to both environmental conservation and long-term business sustainability.

СТРУКТУРНО-ФУНКЦІОНАЛЬНЕ МОДЕЛЮВАННЯ МАРКЕТИНГОВОЇ ПОЛІТИКИ ЗАБЕЗПЕЧЕННЯ ЕКОНОМІЧНОЇ БЕЗПЕКИ МАШИНОБУДУВАННЯ

The article analyzes modern scientific approaches to ensuring the economic security of machine-building enterprises based on the marketing concept of mutual relations. It is established that the appropriate marketing policy in industrial markets is focused on the study of the interaction of companies with business consumers, competitors and other interested parties. It was emphasized that due to the balancing of interests between consumers and producers of products, the appropriate level of economic security of enterprises in the machine-building market is achieved, which allows business entities to form stable relations on a mutually beneficial basis and plan their activities in the long term. It is emphasized that in the context of ensuring the economic security of machine-building enterprises, the marketing policy of mutual relations allows reducing the marketing risks of economic security at the expense of the company achieving competitive advantages by establishing, maintaining and developing long-term relationships with partners in the process of improving production, promotion and sales of products in order to create the value that wants to get a buyer. A conceptual model of the marketing policy of the relationship between the supplier and the consumer in the context of ensuring the economic safety of mechanical engineering has been formed. It is proposed to include elements of the marketing complex in the marketing policy of relations: management of product quality, price / costs, distribution, promotion and quality of service. It has been proven that this approach contributes to the balancing of interests between sellers and buyers of engineering products in the process of ensuring economic security. The complex of works related to the planning and implementation of the marketing policy of mutual relations is proposed to be solved with the help of a process approach based on structural-functional modeling tools, which allows you to streamline the course of action and quickly adjust all aspects of the marketing policy within the framework of a long-term business partnership.

УПРАВЛЕНИЕ РИСКАМИ В ОРГАНИЗАЦИИ: МЕТОДЫ ИДЕНТИФИКАЦИИ

The article is devoted to methods of risk identification in organization management. This article presents effective methods of risk analysis designed to ensure long-term business stability and sustainability, and helps to develop an integrated approach to risk management that combines several methods of analysis for more complete and accurate identification of potential threats, which makes it useful for both management researchers and practicing managers.

Current situation of accounting information organization in small and medium enterprises in Tuyen Quang Province

The scientific organization of accounting information plays a crucial role in ensuring effective operations, as well as internal control and management of enterprises. However, many small and medium-sized enterprises (SMEs) currently face issues with the integration of their accounting information systems. These systems often serve only specific departments and lack cohesive, unified connections for information usage and provision within the company. Consequently, the updating of financial information and the reporting to relevant departments do not meet the information usage needs, leading to significant difficulties in making both short-term and long-term business strategy decisions. In light of these issues, the author researches the “Organization of Accounting Information Systems in SMEs in Tuyen Quang Province” from the perspective of financial accounting to elucidate the discussed content.

Vendors Capability: A Way for Winning the Contract in a B2B Relationship

A Business-to-Business commercial (B2B) transaction is different from normal retail transactions with customers. Organisations engage with each other and vendors in a specific manner in a B2B purchase environment. Organisations, big or small, spend money to keep up with their business operations. This requires them to deal with many other business units called vendors/suppliers to help them with necessary input resources for their business operations. In B2B transactions, organisations deal with each other to purchase goods and services. These associations work on long-term business relationships. The vendor organisations hire sales teams and relationship managers to work with the client organisation in order to maintain healthy business relationships. It is a point of debate whether the relationship that exists between the vendor and the client is because of the personnel who is responsible for the relationship or is it the vendor organisation as a whole that has built its capability and experience over the years has been successful in maintaining business relationships with the client. A client who engages with a vendor will have certain criteria for selection and engagement with a vendor. With this view, we have decided to study this phenomenon by comparing the two factors – sales person’s relationship and vendor’s capability and check which of the two factors influences the awarding of contracts from the clients. Purchase is more process driven it evaluates the vendors strongly on their capability to deliver on the purchase terms. The data analysis and the hypothesis testing results obtained indicate that evaluating vendors by their capabilities for awarding contracts is a more pragmatic way of supplier selection.

Ensuring the safety of business activities in the context of an acute sanctions policy on the part of foreign states (administrative and legal aspect)

The work is devoted to the study of the issue of ensuring the safety of entrepreneurial activity in the context of acute sanctions policies. Why the concept of an acute sanctions policy has been studied. Using historical and legal methods, cases of the application of economic and political sanctions between states in ancient times have been identified. The number of sanctions imposed on the Russian Federation after the events of February 2022 is given. Further, the author's concepts are given in the work: the safety of entrepreneurial activity in the conditions under consideration, ensuring the safety of entrepreneurial activity in a narrow and broad sense. This allows us to take a fresh look at the issue under study, the classification of economic and political sanctions is given. Legal phenomena such as legitimate and non-legitimate sanctions, which are used by various countries, are revealed. By the security of business activity, we mean the following: - the state of the business, formed from a set of constantly performed joint actions of employees of the company, its managers or owners, different in content and direction; - organization and orderly functioning of existing business processes, their protection; - the formation of a planned, progressive movement, goal-oriented development carried out within the framework of a short-term, medium-term and long-term business development strategy; - these actions are aimed at meeting the needs of society in order to systematically generate business profits regardless of internal and external challenges (threats). Ensuring the safety of entrepreneurial activity is impossible without ensuring the security of the state, ensuring the security of the state is impossible without ensuring the safety of entrepreneurial activity.