Modern Business Research Articles

Corporate Social Responsibility (CSR) Practices of Shariaconsumer Cooperatives for Sustainable Development Goals (SDGS) Ethical Perspective

Objectives: This study aims to explain (1) Islamic business ethics and corporate responsibility for sustainable development goals, as well as (2) Corporate Social Responsibility (CSR) practices in the BTM Mulia Babat KKS in the context of Islamic business ethics. Theoretical Framework: Islamic business ethics, which includes the values of honesty, fairness, and belonging, are considered essential to achieving business success. CSR is a corporate social responsibility that aims to increase corporate value and shareholder welfare. With a commitment to sustainable economic development, CSR integrates social responsibility in business operations. The framework of this research relates the implementation of Islamic business ethics to CSR practices, as well as how this impacts the company's value and stakeholder well-being. Method: This study uses a qualitative approach with a type of field research. Data was collected through observations, interviews, and documentation related to CSR practices at KKS BTM Mulia Babat. Results and Discussion: The results of the study show that: Islamic business ethics has five basic axioms: unity, balance, free will, virtue, and responsibility. The implementation of CSR at KKS BTM Mulia Babat has been carried out by the principles of Islamic business ethics. This includes responsibility to consumers, employees, investors, and the environment. Research Implications: The findings of this study indicate that the application of Islamic business ethics in CSR can increase corporate value and shareholder welfare and contribute to sustainable economic development. In addition, it can be a model for other companies to integrate Islamic business ethics into their CSR practices. Novelty/Originality: The uniqueness of this research lies in the combination of the concept of Islamic business ethics with CSR practices in the context of the BTM Mulia Babat KKS company. This research provides new insights into how Islamic values can be effectively integrated in modern business operations to achieve better social and environmental well-being.

The Nexus of Business English and the Fourth Industrial Revolution: Leveraging Moodle’s Potential to Augment Lecturers’ Pedagogies for Student Support

This article explores the potential of Moodle, a learning management system, to prepare students for success in business English within the dynamic workforce. While e-learning platforms are increasingly adopted, research specifically focusing on Moodle’s integration in business English remains limited. This study aims to bridge this gap through the investigation of the crucial role of lecturers to empower students through the effective use of Moodle. The research objectives include the exploration of lecturers’ perceptions of Moodle’s potential, the identification of strategies to enhance e-learning support for business English and the redefinition of pedagogy to benefit lecturers and prepare students for the Fourth Industrial Revolution. This qualitative phenomenological study utilises email interviews, student feedback, and observations, and applies the community of inquiry theory to analyse the study’s findings. Findings reveal that Moodle holds significant promise in business English to enable lecturers to create engaging and personalised learning experiences. The platform enhances learner engagement and language acquisition to enhance adaptability for future work requirements. Based on the study, recommendations include providing comprehensive training and support for lecturers to optimise Moodle’s features effectively. Through the implementation of the recommendations, institutions can harness the full potential of Moodle and pave the way for a more competent and competitive workforce prepared for the challenges of the modern business world.

Systematic Investigation of the Influence of Religion on Business Management: A Bibliometric Approach

Abstract In the dynamic context of modern business, the role of religion in business management is increasingly attracting the attention of researchers and practitioners. Religion, seen as a set of spiritual beliefs and practices, deeply shapes people’s values, behaviors, and decisions, thus impacting the way organizations are managed. Using bibliometric analysis allowed us to identify research trends, the links between the keywords underlying the selected studies, and the impact of the publications on the business environment. The study revealed that religious values can shape ethical behavior, leadership styles, and corporate social responsibility in business. Most studies focus on the influences of Islamic, Catholic, and Protestant religions, leaving a significant gap in understanding how orthodox values and practices influence organizational behavior and business ethics, even though this is the dominant religion in many Eastern and South-Eastern European countries. For a more comprehensive perspective, future research should include case studies and surveys in these geographical and cultural regions, combining qualitative and quantitative methods of data analysis. This study provides a robust basis for future research, stimulating reflection on how religious values can shape the business landscape in the 21st century.

DataLoom: Simplifying Data Loading with LLMs

Schema discovery and data loading is a crucial step in any data analysis pipeline. While this used to be a rare task, in the highly dynamic field of machine learning and modern business intelligence on top of data lakes, today it has become a frequent, but often underestimated, activity. Existing tools often focus on single files, presume prior knowledge of the data on the user's side or a significant amount of manual labor. In this paper, we improve the process of mapping a "chaotic" set of files to an initial database schema that can then be iteratively refined and loaded. The idea is to take the previously tedious parts of this process and automate them through the use of Large Language Models (LLMs) while leaving already well-understood problems such as constraint discovery to existing algorithms. We thus carefully orchestrate the use of LLMs for the "soft" problems and traditional algorithms for the "hard" problems. This creates a more seamless schema discovery and data loading experience that minimizes the time to first insight for users. We show this vision on modern schema discovery and data loading in our web-based prototype called DataLoom that serves as our demonstration.

ESG Indices, Sustainable Practices and Strategic Competitiveness within the Modern Business Landscape

ESG Indices, Sustainable Practices and Strategic Competitiveness within the Modern Business Landscape

Modern Business Ethics from a Business Philosophy View

Modern Business Ethics from a Business Philosophy View

MANAGEMENT OF BUSINESS ECOSYSTEM DEVELOPMENT IN THE FORMATION OF ORGANIZED COMMODITY MARKETS

Modern business tends to cooperate and collaborate as the conditions of its functioning become increasingly complex and require new approaches to strategies, especially in wartime. These relationships align with the concept of business ecosystem management, which has attracted significant attention from researchers in recent years. In such interdependent structures, ways can be found to optimize performance, increase sustainability, and develop innovation, which is critical for the effective management and prosperity of business entities in today's unstable environment. The study focuses on elaborating the authors' opinions on the essence of the concepts of "business ecosystem" and "commodity market". Scholars have drawn attention to the different understandings of the "business ecosystem” concept. The authors also present their vision of the concept of "entrepreneurial business ecosystems", which is that they are diverse and interconnected dynamic groups of entrepreneurs based on the talents and skills of employees, long-term leadership, fair competition, and success in new ventures for greater mobility, growth of commodity markets and the ability to transform new ideas into innovations. The methodology for conducting a SWOT analysis of the impact of the business ecosystem on the formation of organized commodity markets is revealed. The strengths and weaknesses of the business ecosystem are identified and characterized, which positively or negatively affect their performance. For each component of the business ecosystem, the opportunities and threats that can both facilitate and impede their development in wartime are identified. An expert assessment of the interaction of strengths and weaknesses, as well as opportunities and threats to the functioning of business ecosystems in the formation of organized commodity markets, is carried out. A SWOT analysis matrix of the strategy for organizing a business ecosystem in forming organized commodity markets is derived on this basis. Obtained results can be used to determine the strategic priorities for developing the business ecosystem and formulate directions for developing commodity markets.

Integration of Artificial Intelligence in supply chain management: challenges and opportunities in Uganda

Integrating Artificial Intelligence (AI) in supply chain management (SCM) signifies a significant advancement with profound implications for modern businesses, including those in Uganda. This research paper critically examines the challenges and opportunities associated with this integration, using Uganda as a case study. A comprehensive analysis of existing literature and specific insights from the Ugandan context identifies critical challenges such as data integration, technology adoption, and organizational readiness within the country. Additionally, it explores AI's diverse opportunities in optimizing supply chain processes for Ugandan businesses, including demand forecasting, inventory management, and logistics optimization within Uganda's unique operational landscape. Furthermore, the paper discusses the potential impact of AI integration on various stakeholders within Uganda's supply chain ecosystem, including suppliers, manufacturers, distributors, and customers. By synthesizing insights from academic research and industry practices in Uganda, this paper provides valuable insights for Ugandan businesses aiming to leverage AI technologies in their SCM strategies. Ultimately, this research contributes to a deeper understanding of the complexities of integrating AI in SCM within the Ugandan context and offers recommendations for addressing challenges while maximizing the opportunities presented by this transformative technology.

Comparative Analysis Of Cost Calculation With Activity-Based Costing And Traditional Methods

In the modern business world, accurate cost calculation is crucial for effective decision-making. Traditional methods often fail to reflect actual resource consumption, leading to inaccurate pricing and resource allocation. This research aims to analyze the use of Activity-Based Costing (ABC) and compare it with traditional methods. The research approach is qualitative, employing literature review methods. The findings show that ABC, which allocates costs based on activities performed, provides more realistic and accurate cost estimates. ABC helps companies identify non-value-added activities, improve efficiency, and reduce waste. Although ABC is more complex and expensive to implement, it provides more precise cost information, supporting optimal decision-making regarding pricing, product strategy, and resource allocation. Conversely, traditional methods are simpler but often result in less accurate cost allocation and do not reflect variations in activity consumption. Therefore, ABC is superior in terms of accuracy and effectiveness in identifying waste and inefficient activities, despite requiring technological support and higher initial costs.

Corporate Entrepreneurship Strategy Initiative at Gojek Indonesia

Corporate entrepreneurship becomes an innovation and creativity in solving problems and finding opportunities to improve business processes and enhance organizational performance. This study aims to explore successful corporate entrepreneurship initiatives at Gojek Indonesia to enhance competitiveness and provide added value to Gojek users and partners. This study uses a qualitative method with a literature review to identify, evaluate, and interpret all relevant sources. The results show that an innovative organizational culture, visionary leadership, and adequate resource availability support Corporate Entrepreneurship (CE) at Gojek. Gojek Indonesia has successfully implemented various innovative corporate entrepreneurship initiatives, such as developing GoPay and GoFood products, strategic partnerships with Tokopedia, and employee empowerment through training and development programs. The positive impact of corporate entrepreneurship at Gojek is evident in various aspects, including increased innovation and creativity, higher adaptability, operational efficiency, more comprehensive market penetration, increased customer loyalty and satisfaction, and long-term growth and sustainability. Therefore, corporate entrepreneurship is a critical element of modern business strategy that helps companies stay relevant and competitive and provide added value to users, partners, and the broader community

Research on the Application of Artificial Intelligence Technology in Enterprise Digital Transformation and Manager Empowerment

Significant technical developments have occurred in the digital era, altering the dynamics of modern businesses and bringing both difficulties and opportunities. The purpose of this study was to thoroughly investigate the relationship between artificial intelligence (AI) and digital transformation, as well as how these factors affect managerial empowerment and organizational performance. Additionally, the study looked at how employee engagement functions as a mediator and how digital readiness modifies these relationships. Using a quantitative method, a structured questionnaire was used to gather data from a sample of 282 companies that were chosen at random. The AMOS software's structural equation modeling (SEM) aided in the investigation of the linkages. The findings demonstrated strong and positive relationships between AI and digital transformation and organizational performance and managerial empowerment, which were mediated and regulated by employee engagement and digital preparedness. By providing a cohesive paradigm, this study gives practical insights for enterprises managing the digital landscape while also advancing theoretical understanding. This study is unique in that it examines the linkages between AI, digital transformation, employee engagement, and digital preparedness in the context of organizational performance and managerial empowerment.

Innovation Synergy

Amid the dynamic landscape of modern business, this research unveils the interplay between innovation and strategic management as a linchpin for organizational growth. By intertwining theory and empirical exploration, we explore how innovation's fusion with strategic management can create transformative trajectories. Through a qualitative case study approach and tools like NVivo, we dissect how technological and administrative innovation navigates the intricate web of grid management, offering insights that extend beyond academia. The implications underscore innovation's role as a strategic cornerstone, reshaping paradigms for enduring prosperity while fostering a culture of continuous human capacity development. This study propels a shift in conceptualizing and implementing innovation, offering a compass for scholars, practitioners, and policymakers.

CHALLENGES OF BUSINESS MANAGEMENT TRANSFORMATION IN THE DIGITAL ECONOMY

Davit Katamadze E-mail: qatamadze.davit@bsu.edu.ge Associated Professor,Batumi Shota Rustaveli state University Batumi, Georgia https://orcid.org/0000-0003-2992-9326 Abstract: In the conditions of globalization and globalization of the modern world economy, rapid changes in consumer tastes, business management environment, acceleration of digital transformation have brought revolutionary changes in the business activities of companies. New forms of digital interaction and information exchange pose various challenges to businesses and push them to adopt digital solutions. The ongoing hostilities between Russia and Ukraine in the Middle East and the resulting economic uncertainty have prompted companies to radically review the value chain in their business strategy. The purpose of the research is to determine the challenges in the transformation of business management in the conditions of digital business in order to avoid delays in the creation of the value chain of the business strategy of Georgian firms and to meet the rapidly changing needs of consumers. In the paper, the methods of gathering, grouping, analysis and synthesis of materials were used to reveal the problems of digital transformation of modern business management. The method of gathering materials was used to evaluate the possibility of transformation of business management, and the method of observation was used to reveal the potential of digital transformation of business management. On the basis of which the potential of digital transformation of business management was identified and the possibilities of its implementation were analyzed. As a result of the research, the factors hindering the digital transformation of business management were identified, the elimination of which will contribute to increasing the competitiveness of the companies operating in Georgia and raising the qualification level of the personnel employed in them. In order to eliminate the problems arising during the digital transformation of modern business management, we have developed recommendations, the consideration of which will significantly increase the level of competitiveness and management of companies operating in modern Georgia.. Keywords: Business management, digitization, business-wide transformation, creating more value in new business. JEL classification: M11: M15: IT, M2

Digital Leadership: Predicting Team Dynamics, Communication Effectiveness, and Team Performance

Digitalization is essential in modern business organizations, where it transforms the operational framework and increases competitive advantage through the integration of advanced technologies. This transformation enables real-time data analysis, improves communication channels, and automates routine tasks, thereby driving innovation and efficiency that ultimately drives sustainable growth and success in a highly competitive market environment. The research observed the effect of digital leadership on team dynamics, communication effectiveness, and team performance. Data were collected by using a Likert scale questionnaire with 117 individual respondents across various business organizations in Yogyakarta and Banten, Indonesia. Then, the data obtained were analyzed using Structural Equation Modeling (SEM) in AMOS software. The results show that digital leadership has a significant effect on team dynamics and communication effectiveness. In addition, communication effectiveness has been proven to have a significantly positive effect on team performance. However, there is no direct relationship between team dynamics and performance. The results underscore the importance of strengthening digital leadership and communication effectiveness to improve team performance. Organizations should prioritize fostering a collaborative culture through digital platforms, effectively managing conflicts, and ensuring timely communication. Digital leadership should promote a participatory culture, handle conflicts adeptly, and maintain teams motivated through an effective digital approach. Lastly, organizations must provide effective digital communication tools and ensure team members understand how to use them.

The Role of Value Chain in Accounting and Finance: A case of Agribusiness in Zimbabwe

The integration of supply chain management into the accounting and finance domain has become increasingly crucial in today's globalized and interconnected business environment. This abstract aims to explore the multifaceted role of supply chain in accounting and finance, shedding light on its impact on financial reporting, cost management, risk assessment, and strategic decision-making. By examining the interplay between supply chain activities and financial processes, this abstract seeks to uncover how the supply chain influences financial performance and shapes the overall economic health of Agribusiness in Zimbabwe. Through a comprehensive review of the literature and case studies, this abstract will present a holistic view of how supply chain practices intersect with accounting and finance, offering insights into the challenges, opportunities, and best practices associated with this dynamic relationship. Ultimately, this abstract endeavors to contribute to a deeper understanding of the pivotal role that the supply chain plays in driving financial success and sustainability in modern businesses.

Strategies for Integrated Audits to Ensure Control, Risk Management, and Ethical Practices

The purpose of this study is to examine the role of integrated audits in organizational governance and ethical practices. Through a systematic literature review, the research design entails identifying relevant academic journals, industry reports, and scholarly publications related to integrated audits, organizational governance, and audit effectiveness. The selected literature will be critically evaluated to identify key themes, trends, and theoretical frameworks, with thematic analysis used to uncover recurring patterns. The findings reveal that integrated audits play a pivotal role in fortifying organizational resilience, promoting sustainable business practices, and enhancing stakeholder trust. From a strategic management perspective, integrated audits provide valuable insights for decision-making and resource allocation, while ethically, they foster a culture of accountability and transparency. The integration of emerging technologies such as artificial intelligence and blockchain further enhances audit effectiveness. The implications of this research underscore the need for organizations to embrace integrated audits as a strategic imperative for enhancing governance, risk management, and ethical practices. This study contributes to the advancement of knowledge in the field of integrated audits and informs organizational practices in navigating the complexities of the modern business landscape.

Software compliance in various industries using CI/CD, dynamic microservices, and containers

Abstract The microservices architecture is widely used in modern businesses due to its ability to offer speed, efficiency, adaptability, autonomy, and usability. On the other hand, this architectural paradigm demands a well-designed infrastructure for optimal container and cluster utilization. Establishing version control and a solid continuous integration/continuous deployment (CI/CD) infrastructure becomes critical for accelerating software delivery to production and ensuring code alignment with best practices. This scientific investigation investigates the development of customized, specialized CI/CD procedures for software compliance, expanding its scope beyond traditional software delivery to include the complexities of design, testing, and server deployment. By integrating real-world examples from industry and reviewing crucial tools, the goal is to provide organizations with empirical information to navigate the difficulties of modern software development. The upcoming research seamlessly fits into the larger discussion, providing a deep understanding of sophisticated structures and their design. This interdisciplinary research combines the scientific principles governing microservices with the practical specifics of CI/CD methodologies, giving businesses a thorough understanding and practical insight into the tools needed to navigate the diverse landscape of modern software engineering. Among the main findings of this research is a suggestion for a new approach known as General repository compliance operations.

Матрица бизнес-выгод как инструмент исследования потенциала цифровизации на примере мини-завода для производства невзрывчатых компонентов эмульсионных взрывчатых веществ

Modern business solutions set a trend towards integrating digital technologies into all areas of corporate organization. Digitalization plays a key role in modern business, enabling companies to increase the process efficiency, reduce costs, and improve product quality and maintenance efficiency. It also helps to be competitive in the marketplace and adapt to changing customer demands. In order to maximize the effects of implementing digitalization, the transformation needs to encompass not only the local business processes and business models, but also the corporate culture. The study analyses the process of exploring the digitalization potential for a modular mobile plant (mini-plant) that produces non-explosive components of emulsion explosives developed by AZOTTECH. The paper identifies the key points necessary for successful implementation of the digitalization process at the mini-plant, which can serve as a basis for designing a digital twin implementation strategy. It also describes application of a modern approach in performance evaluation using the matrix of business benefits.

Structuring and Recommendations for Research on the Construction of Intelligent Multi-Industry and Multihazard Emergency Planning Systems

During production and operation, enterprises are faced with occurrences of production accidents. One of the prerequisites for enterprises to achieve sustainable development is building an intelligent emergency command platform. To establish a scientific and advanced emergency management information system and address the challenges related to managing emergency plans to ensure production safety, such as ambiguous roles and responsibilities, inefficient application processes, independent resources, and slow responses by enterprises with multiple types of operations and disasters, an intelligent emergency command platform was built for multiple types of operations and disasters, and this platform was extended to include rescue steps. The structure and digital management of emergency plans under multiple coupled disasters and multipoint cogeneration were determined. Similar emergency plans were automatically recommended by crawler technology and an SVM algorithm based on a public information data lake, and the effectiveness of the plans was evaluated via a fuzzy analytic hierarchy process to promote the preparation of more efficient and scientific emergency plans. Finally, the analysis of pipeline leakage and emergency drill scenarios proved that the system is scientific and reliable. The results are of great significance for improving the deep integration of modern emergency-related information technology and emergency management businesses, promoting institutional and mechanical innovation, to provide a reference for other multibusiness enterprises, wchih can also be integrated into methods for urban safety and rescue.

ИСПОЛЬЗОВАНИЕ ИСКУСТВЕННОГО ИНТЕЛЛЕКТА (ИИ) ПРИ АНАЛИЗЕ БАНКРОТСТВА КОММЕРЧЕСКИХ ОРГАНИЗАЦИЙ

In modern business, the use of artificial intelligence (AI) is becoming increasingly common in various areas of company financial activities and in forecasting the likelihood of their bankruptcy. Traditional analytical methods, while having their advantages, are limited in data, linear, and subject to subjectivity. The use of AI allows for more precise and timely analysis, as well as providing reasoned recommendations for decision-making. Various AI approaches, such as natural language processing (NLP) systems, machine learning, and neural networks, enable the automation of processes for analyzing financial risks, forecasting bankruptcy, optimizing investments, and managing risks. This contributes to increasing the efficiency of company management, identifying risks at early stages, and making timely decisions to prevent bankruptcy.