Modern Business World Research Articles

PENTINGNYA PERANCANGAN IDENTITAS VISUAL BAGI KOMUNITAS KEWIRAUSAHAAN SMPN 2 TRAWAS KABUPATEN MOJOKERTO

Visual identity is a crucial element in the modern business world full of intense competition. Creating a strong visual identity that distinguishes itself is an inevitable strategic step in facing competitors. Unfortunately, SMPN 2 Trawas, which has an active entrepreneurial community, does not yet have a visual identity that reflects the character and spirit of the community. Therefore, the main objective of this activity is to build an education and training program that can utilize visual identity as an effective tool to improve the skills and knowledge of the entrepreneurial community members. This activity took place over three days. In this way, the new visual identity not only creates visual appeal, but also becomes the foundation for strengthening and advancing the SMPN 2 Trawas entrepreneurship community as a whole. The results of this activity show that students can create a visual identity for the entrepreneurship community.

КЛІЄНТСЬКИЙ СЕРВІС ЯК КОНКУРЕНТНА ПЕРЕВАГА ПРИ НАДАННІ НОТАРІАЛЬНИХ ПОСЛУГ

In the modern business world, customer service stands as a decisive factor of differentiation across various industries, including the realm of notarial services. The relevance of this topic is underscored by the increasing awareness that quality customer service can significantly enhance their satisfaction, loyalty, and competitive positioning. The aim of this work is to explore how customer service can be leveraged as a competitive advantage in the notarial sector, identifying key principles and optimal practices conducive to enhancing both customer service quality and operational excellence. The research analyzes the current state of customer service in the notarial services sector, shedding light on common challenges and areas in need of improvement. Through the use of an array of analytical methods, the study identifies critical factors conducive to quality customer service, such as responsiveness, professionalism, transparency, and personalized approach. The results indicate that notaries who prioritize customer-centric practices not only elevate client satisfaction levels but also achieve higher client retention rates and positive recommendations from both clients and fellow notaries. The conclusions drawn from this research highlight the transformative impact of customer service quality on the competitive dynamics of the notarial services industry. Notaries distinguished by high levels of customer service possess greater opportunities for differentiation in a crowded market, client acquisition and retention, and fostering long-term business growth. This study contributes to the advancement of scientific discourse by offering a thorough analysis of the mechanisms through which customer service confers competitive advantages in the realm of professional services. The scientific novelty of this research lies in its focus on the notarial services sector, a domain often overlooked in studies dedicated to customer service. The research elucidates specific practices and outcomes in this niche, providing valuable insights for both scholarly research and practical application. The practical significance of the study lies in offering actionable recommendations for notaries seeking to enhance the quality of their services. These recommendations include the implementation of customer relationship management (CRM) systems, the execution of regular training programs for staff, and the development of transparent communication channels to ensure prompt responsiveness to client needs.

Small and Medium-Sized Enterprises in the Digital Age: Understanding Characteristics and Essential Demands

The article explores the implementation of digital technology in small and medium-sized Slovenian enterprises (SMEs), with a focus on understanding existing trends, obstacles, and necessary support measures during their digitalization progress. The surveyed companies mainly rely on conventional technologies like websites and teamwork platforms, emphasizing the significance of strong online communication and presence in the modern business world. The adoption of advanced technologies such as blockchain is limited due to the perceived complexity and relevance to specific sectors. This study uses variance analysis to identify potential differences in the digitalization challenges faced by companies of different sizes. The results indicate that small companies face different financial constraints and require more differentiated support mechanisms than their larger counterparts, with a particular focus on improving digital competencies among employees. Despite obtaining enhancements such as elevated operational standards and uninterrupted telecommuting via digitalization, companies still face challenges of differentiation and organizational culture change. The study emphasizes the importance of recognizing and addressing the different challenges and support needs of different-sized companies to promote comprehensive progress in digital transformation. Our findings provide important insights for policymakers, industry stakeholders, and SMEs to formulate comprehensive strategies and policies that effectively address the diverse needs and challenges of the digital transformation landscape.

Human Resource Management Strategies in Achieving Competitive Advantage in Business Administration

Human Resource Management (HRM) is a very important aspect in the modern business world. Companies that manage their people effectively tend to have a greater competitive advantage over their competitors. This is due to the fact that HR is one of the most important assets in an organisation, and the ability to optimise HR potential, productivity and commitment will have a significant positive impact on company performance. This research aims to examine HR management strategies in achieving competitive advantage in business administration. This research uses a qualitative method of descriptive analysis to explore an in-depth understanding of the topic. This method allows researchers to explain in detail the characteristics, context, and factors related to the research topic. In this case, data was obtained from Google Scholar with a time span from 1996 to 2023. The results of this study show that effective HR management strategies are key to achieving and maintaining a competitive advantage in business administration. By prioritising aspects such as quality recruitment, employee development, motivation, efficient performance management, progressive corporate culture, responsiveness to change, and technology utilisation, companies can achieve better results in the face of intense business competition.

A STUDY TO ASSESS THE SKILL GAP FOR IMPROVE THE PERFORMANCE OF WORKERS AT SONAROME PRIVATE LIMITED IN DODDABALLAPUR

In the ever-evolving landscape of the modern business world, workforce performance is a critical factor in maintaining competitiveness and achieving organizational goals. This study aims to assess the existing skill gap among the workers at Sonarome Private Limited in Doddaballapur, with the goal of enhancing their performance and contributing to the company's overall success. The assessment of skill gaps is essential for identifying areas where employees lack the necessary skills and knowledge to effectively carry out their roles. By addressing these gaps, organizations can tailor training and development programs that empower employees to acquire the requisite competencies, thus leading to improved individual and collective performance. Through a comprehensive analysis of the current skill set of workers and a comparison with the skills required by their respective roles, this study intends to provide actionable insights that Sonarome Private Limited can leverage to bridge the skill gap, foster employee growth, and ultimately enhance the company's operational efficiency andcompetitiveness in the market. Feel free to adapt this abstract according to your specific requirements and context. KEY WORDS: Skill Gap Assessment, Worker Performance, Workforce Skill Evaluation, Performance Improvement, Strategies, Training and Development, Employee Productivity Enhancement.

The Role of Intellectual Capital to Fill the Missing Link in The Relationship Between Social Responsibility and Islamic Banking Performance in Indonesia

The purpose of this research is to analyse how Islamic banks in Indonesia performance using antecedents of their level of social responsibility and intellectual capital. In addition, the mediating role of IC in the connection between CSR and firm performance is examined. This study predicts that CSR strategies have the potential to enhance corporate IC, giving rise to a new type of IC called "Sustainable IC," which is closely related to environmental and social knowledge that businesses must have in order to thrive in the modern business world. This study result’s confirmed the mediating role of IC in the connection between CSR and performance. This study's findings have important practical implications for banks, which may use them to justify spending more on CSR implementation techniques that boost CSR indicators linked to more extensive use of IC resources and, hence, improved business outcomes. The findings also support the positive impact of IC and social responsibility on the performance of Islamic banks in Indonesia, demonstrating the existence of a causal link between the two

The impact of carbon disclosure and carbon emissions intensity on firms' idiosyncratic volatility

We study the effects of a firm's decision to disclose carbon emissions and carbon emissions intensity on the idiosyncratic volatility (IdVol) of US S&P 500 firms from 2009 to 2019. We document that the decision to disclose corporate carbon emissions reduces the IdVol of carbon-emissions-disclosing firms by 140 bps compared to non-disclosing firms on average. Although firms are being rewarded for disclosing their carbon emissions information, our robust evidence shows a significant negative impact of disclosed carbon emissions intensity on firms' IdVol. The magnitude of the negative effect of carbon emissions intensity increases with the IdVol quantile, implying that the impact of carbon emissions intensity depends on the size of firm-level risk. In light of the views of the managerial opportunism theory, our findings indicate a potential agency conflict over corporate investments to reduce carbon emissions intensity. We also find that firm-level research and development costs explain the negative association between firms' carbon emissions intensity and IdVol. Our results further document a significant differential effect of carbon emissions intensity on firms' IdVol following the Paris Agreement signed in 2015. Thus, our findings suggest that investing to reduce firms' exposure to carbon risk is a painstaking corporate decision in the modern business world.

ORGANIZATIONAL BEHAVIOUR: A SURVEY OF TEAMS, MANAGERS, AND WORKERS

There has been a significant change in the way organizations are structured and run during the last few decades. Technological advancements and talent variety have made a modern workplace with connected skill sets and workflows possible. The dynamics that affect team results must therefore be understood by organizations in order for them to succeed in the modern business world. This study of 100 managers from the same organization reveals that while female managers are more prone to groupthink than male managers, they also have better communication abilities. Additionally, 200 employees from this company were surveyed, and the findings revealed that female employees contribute more to the success of the team than male employees do. Researchers, managers, and human resources professionals should consider these implications. Keywords: Employees Limitations, Survey of teams, Pragmatic Implications and Recommendations

Pengumpulan Dan Penafsiran Pesan Komunikasi Bisnis

The gathering and interpretation of business communications is an important process in the modern business world. In the ever-evolving digital era, companies must be able to collect and interpret business communication information appropriately to gain valuable insights. First of all, the collection of business communication messages is carried out through data collection techniques and data analysis methods, such as interviews, surveys and content analysis. After the data is collected, the next stage is interpretation. The interpretation of business communication messages is carried out through techniques and tools such as context analysis, language analysis, non-verbal analysis, natural language processing technology, speech recognition technology and social media monitoring tools. This involves using sophisticated algorithms and data analysis techniques to identify information that is valuable and relevant to the company. The main benefits of gathering and interpreting effective business communications are increased understanding of customer needs and wants, development of better marketing strategies, identification of new business opportunities, and improvement of internal business processes. However, there are also challenges associated with the collection and interpretation of business communications. One of the main challenges is the large and complex volume of data. Companies must be able to manage and analyze data on a large scale to get clear results. In addition, privacy and security are also important issues in the collection and interpretation of business communications. The company must ensure that the data collected is kept safe and kept confidential, and complies with applicable privacy regulations. In conclusion, gathering and interpreting business communication messages helps companies understand customer views and feedback, improve communication and business decision making, and achieve better overall business goals. However, companies must also pay attention to challenges related to data management and privacy to ensure the success of this process.

ASSESSMENT OF TRANSPORT LOGISTICS' GRADUATES COMPETENCES FROM THE POINT OF VIEW OF EMPLOYERS

The modern logistics business world is changing and presents new challenges to companies, so it is currently necessary to pay attention to the competence of employees, but also to predict which of these competences will be necessary in the future. The aim of the this work was to research the competences of Vilnius College of Technologies and Design Transport Logistics graduates from the point of view of employers. Based on scientific literature and in dept interview of Lithuanian transport and logistics companies’ managers, the article reveals the significance of qualified transport logistics specialists. It presents the analysis of the competences of Vilnius College of Technology and Design Transport Logistics graduates. According to experts, 88.5 percent of Transport Logistics graduates of the Vilnius College of Technology and Design have very good knowledge and skills. They are zealous, possessing not only theoretical but also practical knowledge. They are able to analyse practical situations, not afraid of challenges.

EFFECTIVE BUSINESS COMMUNICATION: KEY TO SUCCESS

Communication is the process of communicating thoughts or information from one person to another. We translate our ideas into effective communication when we do it in a straightforward manner. When two parties communicate, one acts as the transmitter and the other as the receiver. For a Business to succeed, effective communication is crucial. Without communication with its customers, employees, or other businesses, a business cannot function. Effective corporate communication is crucial because it builds brand recognition and client loyalty. It strengthens the bonds between management and employees. Effective business requires good communication. An organization, service, or product can be promoted with the use of business communication. The way business communicators interact with both internal and external users will determine how it grows. Businesses can connect with their linked parties through a variety of techniques, such as video conferencing, email, letters, presentations, in-person meetings, etc. Businesses operate in changing environments, where better decisions may be made through good communication. The goal of Business communication is the same as the goal of communication in general, which includes entertaining, influencing, informing, and educating. A business communication's goal must be consistent with the accomplishment of institutional and organizational goals, both formal and informal, including social This paper will cover the purposes of successful communication, strategies for effective business communication, and the effectiveness of business communication in the modern business world.

Sustainable HRM Goals in Selected IT Companies

The modern business world faces new obstacles as a result of the constantly shifting corporate environment in order to function in this setting. Corporates must advocate for sustainability in order to meet these issues. Sustainability guarantees the least amount of resource waste possible and lower manufacturing costs, giving one organisation a competitive edge over another. 'Human Resource Management' is a crucial area where sustainability is required in the current demanding and competitive corporate environment. The goal of "sustainable HRM" requires the adoption of a number of strategies and plans, and this cannot be done with the help of material resources like technology, machinery, or materials. They are the ones who can develop tactics and successfully carry them out. In order to attain sustainable goals, it is crucial to utilise and develop human resources to their full potential. In order to attain the goal of sustainable HRM, this study paper aims to identify and examine the best HR practises that should be used in IT organisations. To determine the finest HR practises, a sample of the top 10 IT organisations was collected. In order to ensure corporate sustainability, effort has been made to clearly demonstrate the superiority of HRD over HRM. This is because sustainability demands long-term planning by HR experts and that only managing people at work would not be sufficient to meet the sustainable HRM goals

Ethical Leadership and its Importance in the Modern Business World: An Empirical Study

Ethical Leadership and its Importance in the Modern Business World: An Empirical Study

Growing Entrepreneurial Awareness of the Importance of Business Ethics through Opinion Writing in Online Media: A Study of Community Service in Kompasiana

Business ethics is an important topic in the context of the modern business world. Poor business ethics can contribute to labor oppression, exploitation of natural resources, environmental pollution, and human rights violations. Conversely, good business ethics can build consumer trust and company reputation. The company is also expected to have social responsibility towards the community and the surrounding environment. Writing online about business ethics has the advantage of reaching a wide audience, raising public awareness, and influencing public opinion. Community service activities aim to foster entrepreneurial awareness of the importance of business ethics, encourage attitude and behavior change, inspire discussion and reflection, and build collaboration networks. The method of community service activities involves identifying target groups, studies and research, writing opinion writing, and publication in online media. It is hoped that this activity can have a positive impact and encourage the adoption of better business ethics among the community.

Wireless Smart Notice Board Using Dot Matrix

Abstract: Whether a firm is for profit or not, the information sharing component of information technology is a major factor in all types of businesses. Nowadays, all company models depend on and use the capacity of advertising to market their goods and services. The present demand of the modern business and information world is for digital advertising. International airports, metro train stations, shopping centres, bus stops, etc. all employ scrolling LED dot matrix displays. Led displays are a good way to show information, but making the message dynamic is challenging since users must adjust the message content to meet their particular needs. The user must connect the Led display to the computer in order to change the message content. The wireless based dot matrix display creates the wireless connection between individual mobile and Led display in the event that the user requires pairing the Led display with the computer in order to change the message content, which makes it difficult to place the display board anywhere due to the dedicated and complex setting up pattern. It provides the facility of real time message displaying means the user can change the message content that is to be display. The message is sent from a mobile device to the LED display, and the microcontroller handles all processing for scrolling the message's content on the LED display. The project's goal is to create a wireless scrolling message board that allows the user to update the information without using a connection to connect the display board to a computer or laptop. The user has the option of using Bluetooth or Wi-Fi to refresh the message content.

An Analytical Study of Changing Dynamics of the Indian Market with Reference to E-Marketplaces

Abstract: E-commerce is booming in the modern business world. E-commerce is electronic commerce. Electronic commerce (ecommerce) involves the buying and selling of goods and services, or the transfer of funds and data over electronic networks, primarily the Internet. E-commerce (electronic commerce) is a paradigm shift affecting both marketers and customers. In fact, e-commerce is more than just another way to promote existing business practices. This completely changes the traditional way of doing business. This major change in business model has resulted in tremendous growth worldwide. India is no exception. Massive internet penetration has contributed to the growth of e-commerce, and startups in particular are increasingly using this option as a differentiating business model. In addition, e-commerce has a significant impact on the environment. While this model is widely used in current business scenarios, this option has not yet been fully explored. Current research is being conducted to illustrate e-commerce scenarios and analyze e-commerce trends. The study also examines key variables critical to the success of e-commerce business models.

Critical Evaluation of the Business English Course at Kohat University of Science and Technology

English being an official language enjoys a prestigious status in Pakistan. It is considered a key to success in almost every field, especially business. Due to the specificity and uniqueness of different contexts in which English is being taught, one may argue that there is a need to develop specific English courses for different groups of English language learners. This study therefore identifies English Language needs of business students at the undergraduate level keeping in view their academic background and target career. Through needs analysis, the study critically evaluates the current ESP course, Business Communication, offered at KUST and addresses the target needs of business students to meet the demand of the modern business world. Although the study is designed to analyze the needs of a specific group of undergraduate students, it may also be helpful in other similar contexts for better course design and teaching practices. Prior to data collection, the literature was reviewed which helped to decide the tools for data collection. Next, questionnaires and semi-structured interviews were selected for conducting needs analysis. The data was collected from students, ESP course instructors, and domain experts. A total of 44 students, two course instructors, and two domain experts were included in the sample of the study. Data analysis and findings conclude that all four major skills (reading, writing, listening, speaking) are very important in business communication. Thus, this study offers valuable implications for course designers and provides a guideline for developing an effective business communication course at the undergraduate level.

A Study on the Adaptability of Starbucks Organizational Management about Chinese Operation

The transnational catering industry is facing a significant challenge. To improve the quality of their services and their competitiveness, it is now of the utmost importance for transnational organizations to consider how to increase the leadership effectiveness by implementing the theory of organizational behavior. In this article, Starbucks serves as a case study to analyze such issues present in the transnational catering industry. The Starbucks globalization process, and the sinicization process, in particular, present a number of opportunities and threats that would be analyzed using the SWOT framework. In addition, this study would explore how Starbucks issues in China can be resolved using organizational behavior theory and four strategies, including strengthening corporate culture, building a learning team, implementing incentive mechanism, identifying individual differences among employees. In conclusion, the findings of this study can be illuminating for business leaders and transnational corporations develop more effective organizational models appropriate to the context and conditions of the modern business world.

Fear of Missing Out and Perceived Quality Effect on Purchase Intention by Students

In this modern business world, plenty of people in the society had the tendency for having Fear of Missing Out (FOMO) symptoms. This tendency is getting worsed when the person perceived his or herself lack of quality and had the tendency of rejected by the society. These two kind of problems usually blocked someone to buy a product they needed. It is hypothetically appear not only in the business world but sometimes the symptoms already appear in the education fields. As researchers from different background, anticipation of these problems is needed. Because of that, the main objective of this research is determining the effect of FOMO and perceived quality to purchase intention. The research will took 66 samples from students across various program in the university and using the Statistical Product and Service Solutions (SPSS) for interpreting the regression model output. The research concluded that FOMO and perceived quality have significant influence to students’ purchase intention.

Optimizing Risk Mitigation Analysis of Business Development Division (Case Study: Urban Transportation Division at PT Kereta Api Indonesia (Persero)

The community can use various alternative modes of transportation, and the train is still the choice for most Indonesian people. PT Kereta Api Indonesia (Persero), the object of this research, has 2 main businesses, namely the railroad and the non-railroad businesses. A company’s business processes do not stop until the company benefits from the business it does, but in this highly complex and interconnected world, the risk is everywhere. Risk management is an important discipline for companies, institutions, and society in today’s modern business world. Risk management is carried out based on the ISO 31000:2018 framework. This research will discuss optimizing risk mitigation strategies as a tool for the business development division to provide effectiveness and how to implement these solutions in the real world. Sources in this study came from secondary data such as annual reports, audited financial reports, and project studies in the Urban Transportation Business Development Division of PT Kereta Api Indonesia (Persero), discussions, and interviews with related parties. Some of the tools used in this study are PEST to analyze external companies, McKinsey 7S Framework to analyze external companies, and the Enterprises’ Risk Management method for the risk management process. Managing risk through optimizing risk mitigation can reduce and minimize loss exposure. Based on the risk matrix score results, the company can take risk treatment, whether the risk must be mitigated or accepted. The risk level score from the risk matrix is used to make underwriter decisions in the risk acceptance process at the Business Development Division of PT Kereta Api Indonesia (Persero).