Organizational Profitability Research Articles

Organizational Commitment Strategies to Improve Employees

Abstract: In the current competitive economic market and the impact of the COVID-19 pandemic, the long-term stable development of enterprises is facing a major test. And organisational commitment affects the aspects of employee retention, employee efficiency as well as enterprise cost, which has a significant impact on the development of enterprises. Therefore, this paper focuses on the importance of organisational commitment to employees and organisations, and then analyses various factors affecting employees' organisational commitment, including career development opportunities, job satisfaction and organisational culture. Finally, it proposes some effective measures that companies can take to enhance employees' organisational commitment, such as companies providing employees with good career development opportunities and personal enhancement opportunities, promoting employees' life-work balance, implementing flexible working arrangements, and fostering a positive organisational culture. By taking these measures, companies can enhance employees' organisational commitment and strengthen the emotional link between employees and the organisation, which will in turn improve employee efficiency, customer satisfaction and organisational profitability.

Operationalizing critical success factors of employee ownership using principles of learning management

ABSTRACT The importance of employee-owned (EO) organizations around the world is increasing. Countries, communities and organizations are realizing that passing profits to workers increases wealth at all levels of society. The benefits, widely known, include personal prosperity, organizational profitability and stability, and a host of economic benefits for communities in which EO companies operate. Selling a company to employees, or starting a cooperative organization containing worker owners, is not without risk. New skills are required for the company to reap the rewards inherent in EO organizations, but the method of creating this change varies significantly from one organization to another. Each is unique, but there are some factors that are common to most EO organizations that have achieved a dynamic organizational culture. These factors, which are critical for success, can be isolated using structured research, organized through a lens of general systems theory and operationalized using principles of Learning Management (LM). The result is an organized knowledge transfer plan that maximizes resources and provides the highest probability of a successful transition to a uniquely profitable EO company.

Обеспечение качественного сервиса и поддержание конкурентоспособности предприятий гостеприимства: переосмысление подходов к стимулированию персонала отрасли

Every company, including those in the hospitality industry, faces an important task — finding and using effective approaches to distributing tasks in order to reveal the capabilities of each employee of the company and improve overall productivity. The leading role in increasing productivity is played by activating the interest of employees. Analysis of this area allows us to understand what serves as a stimulus for labor activity and what elements influence decision-making when performing tasks. An effectively designed incentive system is an important resource for management, contributing to increased employee loyalty and growth of the organization's profits. Such a system must be well-thought-out, balanced and really attractive to employees. In the hotel business, such strategies become key due to the specifics of the starting conditions, where employee salaries are often lower than in other industries. This leads to an outflow of qualified specialists and a drop in overall efficiency. However, a well-designed and implemented motivational system can radically change the situation.

Responsible Environmental Management: Sustainable Strategy Models for the Future

The aim of this study is to explore the relationship between responsible en- vironmental management and business performance, emphasizing sustainable strategy models that enhance both environmental sustainability and profitability in modern organizations. Using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS, data were collected from 150 medium to large organizations across multiple industries, including manufacturing, retail, and energy sectors, all of which have implemented formal environmental man- agement initiatives. The findings reveal a statistically significant positive impact of responsible environmental management on both environmental sustainability (β = 0.72, p < 0.01) and business performance (β = 0.65, p < 0.01). Addi- tionally, environmental sustainability was found to positively influence business performance (β = 0.54, p < 0.01). These results validate the relevance of models such as the Triple Bottom Line and Circular Economy, providing action- able insights for companies aiming to enhance competitiveness while achieving sustainability goals. This study highlights the practical implications for busi- ness leaders and policymakers, particularly in fostering sustainable practices that align with both regulatory demands and long-term profitability. Future research is recommended to explore the longitudinal impacts of these strategies across different sectors and regulatory environments.

Managing Currency Risk in Global Supply Chains: Resilience Strategies

Currency risk was a significant difficulty for firms involved in international commerce in the current global economy. The profitability and competitiveness of organisations with supply chains that span across borders were greatly affected by fluctuations in exchange rates. This introduction examined the intricacies of managing currency risk in global supply chains, investigating the most recent solutions used by organisations to strengthen their operations. Over the last 10 years, there has been an extraordinary increase in globalisation, characterised by more market integration and increased international trade. Nevertheless, globalisation brings with it not just benefits but also inherent concerns, with currency volatility being the most prominent among them. According to projections by Grand View Research, Inc., the global currency exchange market was expected to reach a value of $28.8 trillion by 2025. This highlights the significant currency risk that firms throughout the globe were facing. The emergence of the COVID-19 pandemic emphasised the need to effectively handle currency risk in worldwide supply networks. Amidst trade interruptions and shifting currency rates, economies faced increased uncertainty and volatility, which in turn affected enterprises. Research conducted by the Foreign Monetary Fund had shown that there was a significant increase of 59% in currency volatility during the early phase of the epidemic. This has worsened the difficulties faced by companies that heavily depend on foreign commerce. In light of this situation, companies were obligated to reevaluate their methods for managing currency risk to strengthen their ability to withstand challenges and reduce the possibility of financial losses. Conventional methods such as forward contracts and currency options, while somewhat successful, may not be enough to handle the intricacies of contemporary supply chains. As a result, organisations are using novel methods and technology to effectively manage currency risk. Recent developments in Financial Technology have created new opportunities for innovative currency risk management strategies. Blockchain technology had the potential to provide transparent and secure cross-border transactions, which helped decrease the risk of currency exposure. Moreover, the advent of Artificial Intelligence and Machine Learning algorithms enabled organisations to analyse extensive information and forecast currency fluctuations with enhanced precision. Collaborative alliances within supply chains provided a strategic opportunity to reduce currency risk. Companies may enhance risk mitigation and improve their ability to adapt to market dynamics by developing stronger connections with suppliers and consumers. This can be achieved via the exploration of collaborative hedging methods and the sharing of risk burdens. Nevertheless, effectively managing currency risk in international supply chains requires the ability to quickly adapt, come up with new ideas, and work together. This summary summarised important findings from the following conversation, emphasising the need for proactive risk management techniques in protecting against the uncertainties of the global economy. Keywords: Currency risk management, Global supply chains, Exchange rate volatility, International commerce, Financial technology (Fintech).

The Effect of Product Quality, Brand Image, and Customer Satisfaction On Customer Loyalty (As Study On Ultra Milk Consumers In Jakarta)

In today's increasingly competitive business environment, building and maintaining customer loyalty has become a key determining factor in an organization's success and profitability. Customer loyalty generates recurring revenue through repeat purchases and serves as a brand advocate, driving organic growth by attracting new customers. However, cultivating customer loyalty requires a strategic and holistic approach, which includes product quality, brand image, and customer satisfaction. This research empirically explores the impact of product quality characteristics, brand image, and customer satisfaction on Ultra Milk customer loyalty in the Jakarta area. This study uses a quantitative approach to determine the causal relationship between these factors. The data was collected by distributing questionnaires to 100 active Ultra Milk consumers in Jakarta. SPSS 29 software is used for data analysis, specifically multiple linear regression. The findings of this study aim to contribute to a theoretical understanding of the factors that affect consumer loyalty in the dairy industry. Practically, the findings of this study are expected to be the foundation for Ultra Milk companies to develop more effective marketing strategies to increase and maintain customer loyalty. The recommendations given will focus mainly on statistically significant variables in influencing customer loyalty.

Exploring the Confluence of Financial Innovation, Human Resource Strategies, and Marketing Management: A Systematic Literature Review on Profit Maximization and Business Attraction

This study aims to explore the intricate relationships between financial innovation, human resource (HR) strategies, and marketing management, and how their integration drives organizational success, particularly in terms of profitability and business attraction. Utilizing a systematic literature review, the research synthesizes findings from various academic sources to provide a balanced and comprehensive understanding of these interdependencies. The methodology focuses on analyzing the existing literature to identify the conditions under which financial innovation, HR strategies, and marketing management can be most effectively integrated. The results indicate that financial innovations such as fintech and blockchain significantly enhance organizational profitability when aligned with strategic HR practices and customer-centric marketing approaches. The study further reveals that the successful implementation of these innovations requires substantial investments in employee training and adaptive marketing strategies that resonate with consumer needs. The findings underscore the importance of adopting a holistic approach, where financial innovation, HR, and marketing are treated as interconnected components of a unified business strategy. This integration not only enhances competitiveness but also positions organizations to navigate the challenges of a rapidly evolving business environment. The study offers valuable theoretical and managerial implications, providing a framework for future research and practical guidance for business leaders and policymakers on leveraging these domains for sustainable growth.

The effect of organizational justice and job involvement on organizational citizenship behavior (OCB) with organizational commitment as mediation variable

A hospital is a non- profit health service organization profit oriented, and own various specifications, specifically related with human resources. In this context, hospitals are often mentioned as an organization that is intensive in human resources, this is because it is in a hospital there are various professions and types of work that have specifications and tasks different principal. Apart from that, hospitals are also known as solid organizations regulations and intensive technology and science. Technology and science intensive knowledge because there is technology and sophisticated medical equipment as well the rapid development of science as a result of education and study in in House Sick. Congested regulations because in House Sick there is Lots regulation and terms service Which must obeyed by all over element Which There is At home Sick. This research aims to investigate influencing factors OCB to nurses at Samarinda Medika Citra Hospital. This research uses OCB as a dependent variable which influences Organizational Justice, Job involvement and Organizational Commitment as mediating variables. This research is categorized as explanatory research. The respondents in this study were nurses at Samarinda Medika Citra Hospital who had worked for more than 2 years and determining the sample size in this study used a saturated sample technique with a total sample of 172 respondents. The data collection method uses a questionnaire, and the data is analyzed using SEM-PLS. The findings from this research show that organizational justice, job involvement and organizational commitment have significant effects on OCB. Organizational Commitment also plays a role in mediating the relationship between organizational justice and work engagement hope OCB.

Optimum production lot size for a perishable product under exponential demand with partial backordering and rework

The management of inventory significantly impacts an organization's profitability. Numerous researchers have developed the production model tailored for decaying items to boost sales and minimize inventory, thereby increasing turnover ratios. This study focuses on the EPQ model for reworkable items under exponential combined with inventory dynamics. The primary objective is to optimize the production plan to manage maintenance costs effectively, ensuring optimal Leveraging human and technological resources. The research determines the optimal cycle length, backordered quantities, and production quantities to minimize overall costs. Specifically, penalties are incurred for excessive production times during rework and non-rework phases. This model finds applications in industries such as printed circuit board assembly in semiconductor manufacturing, metal parts, and plastic molding. The study concludes with numerical examples comparing total costs under the proposed model, supplemented by sensitivity analyses that explore the impacts of parameter variations on decision-making.

Development of a Quality Deterioration Index for Sustainable Quality Management in High-Tech Electronics Manufacturing

In high-tech electronics manufacturing, non-quality costs significantly impact organizational profitability and competitiveness. This case study introduces a novel Quality Deterioration Index (QDI) to systematically identify and prioritize root causes of non-quality costs within a leading electronics manufacturer. The primary objective is to integrate sustainable quality management practices that align with green sustainability objectives, such as reducing electronic waste, improving energy efficiency, and minimizing hazardous materials usage. Our comprehensive methodology encompasses a literature review, interviews, document analysis, and statistical analysis of survey data to uncover the influence of procedural, cultural, and environmental factors on quality deviations. The key findings reveal critical areas for improvement, particularly in supply chain inefficiencies, workforce challenges, and procedural gaps. By employing the QDI, we provide a structured framework that enhances both operational efficiency and environmental performance. The novelty of this research lies in its dual approach to simultaneously address economic and environmental performance, offering actionable insights for manufacturers aiming to integrate robust quality management systems with sustainability objectives. This study contributes to the ongoing dialogue on sustainable manufacturing strategies, underscoring the pivotal role of quality management in achieving both economic viability and environmental stewardship. Future research should expand this approach across various industries and global contexts to validate and refine the integration of quality management and sustainability.

Improving Employee Performance Based on Competency and Work Environment for Employees in Subdistricts throughout Jember Regency

The importance of human resources is in line with the increasing demands of organizations. More intensive and optimal performance is needed to increase work results and organizational profits. This research was motivated by the non-achievement of employee performance targets in sub-districts in Jember Regency. The research carried out was aimed at analyzing and finding out whether the competencies possessed by employees and also the work environment in which employees work can have a positive impact on employee performance in sub-districts in Jember Regency. The total sample for this research was 157 using a sampling technique using a census technique or the entire population was used as a sample. Descriptive statistical analysis to find out about respondents. Validity tests and reliability tests are also carried out so that the questionnaire used is valid and reliable. There is a need for hypothesis testing to answer the hypotheses that have been developed. The results of data analysis show that the competencies possessed by employees can improve performance. The work environment provided by the Subdistrict Office in Jember Regency turns out to be very comfortable and has been proven to improve employee performance.

The Impact of Customer Retention on Organization Profitability in the FMCG Sector in Nigeria

In the competitive domain of fast-moving consumer goods (FMCG), retaining customers is essential for the overall organisational performance of an FMCG company. This research investigated the impact of customer retention on organisational profitability in the Fast-Moving Consumer Goods (FMCG) sector in Nigeria. The study employed a cross-sectional survey approach, with data collected from 248 employees in 10 different FMCG companies in Oyo State, South West, Nigeria. The findings revealed a strong positive correlation (r=0.783) significant at p < 0.01 between customer retention and organisational profitability, highlighting customer retention as a key driver of sustained profitability. The study further explored specific components of customer retention, including personalised marketing, loyalty programs, quality products, and customer support, all of which showed strong positive associations with organisational profitability. Survey results indicated that customer satisfaction is a leading factor contributing to customer retention, emphasising the importance of understanding and meeting customer expectations. Based on these findings, recommendations are provided for FMCG companies to prioritise customer retention strategies, such as personalised marketing and quality customer support, to enhance organisational profitability and success in the Nigerian FMCG sector.

Impact of Material Management on Organizational Profitability in Kaduna Inland Dry Port Authority Limited: An Empirical Evidence

The impact of material management on organizational profitability at Inland Dry Port Authority Limited (IDPAL) in Kaduna, Nigeria was investigated in this study, which used a survey research design of ex-post facto type. The target population consists of 254 staff of IDPAL. Two research questions guided the study. A sample of 211 respondents was randomly selected using purposive sampling, and materials management organizational profitability questionnaires (MMOPQ) were administered and only 195 copies were returned. Two research assistants assisted the researchers in this study. MMOPQ validation by two experts demonstrated consistency with a coefficient index of 0.89. Analysis was conducted using descriptive statistics, correlations, and multiple regression models. Results showed material management has a positive impact on profitability but a negative relationship with production cost and a positive relationship with service delivery at IDPAL. Implication to research and practice was provided.

Implementing green HRM practices in an emerging country: Insights from managerial and nonmanagerial employees across various industries

AbstractImplementing green mechanisms has been mandatory to save the environment and for greater organizational profitability, reputation, and eventually competitive advantage in the dynamic and open market. However, employees are the catalysts in implementing green mechanisms, which are diverse and sophisticated; thus, the implementation process includes numerous challenges that are not explored from managerial and nonmanagerial perspectives in the current literature. Drawing on resource‐based theory, this particular qualitative study explores the challenges faced by managerial and nonmanagerial employees working in the Malaysian automotive, electrical and electronics, and construction industries in implementing green human resource management (GHRM) practices. Using a qualitative approach, data were obtained from 48 face‐to‐face semi‐structured interviews. Thematic analysis using NVivo 12 revealed 16 challenges that hinder the implementation of GHRM practices in Malaysian companies. We classified these challenges into three categories: high, moderate, and low. However, the main challenges were the lack of focus on the environment, difficulties in educating employees at different levels, a priority on progress/productivity neglecting the environment, the influence of external forces and the cost of going green. The study has discussed the implications of its findings for both theory and practice, followed by arguments on research limitations and future directions.

Business digitalization: definition and tools

As a result of the study, the concept of digitalization of a business organization is defined as a set of tools, the process of adding digital technologies to physical space and transferring information into a digital format to improve the efficiency and increase the profit of a business organization. Digitalization is a process and a tool, not the ultimate goal, and it should improve the interaction between people and technology. Digitalization has been classified into two types: process digitalization and product digitalization. Process digitalization is the classic understanding of this term in the context of business processes, and product digitalization is the additions of digital technologies to an existing product to improve it. Any type of digitalization should lead to an increase in the profit of a business organization directly or indirectly because this is one of the most important goals of any business. Digitalization tools have been defined as digital technologies and methods of their implementation in business processes or additions to products. Examples of such tools have been provided. It has been determined that one of the most important tools of digitization is digital data management. Digital data management includes digitization as one of the first stages and may include the use of CRM systems, cloud technologies and artificial intelligence. The use of these tools is possible not only in the context of data management, but as a method of creating a digital infrastructure or making decisions. The advantages of using various digitalization tools have been determined. Digital data management (including CRM systems, cloud technologies and artificial intelligence in this context) gives the ability to store, analyse and use large volumes of data, allows quick and easy access to information, reliability, and confidentiality, ensuring statistics, etc. Also, the use of digitalization tools allows improving interaction with consumers and creating a comfortable and efficient infrastructure both within the company and for consumers. Other digitalization tools have been listed: mobile technologies, ERP systems, automation, robots, IoT platforms, and GPS systems. It has been found that all these tools can be used to digitize the process, and only artificial intelligence GPS, and cloud technologies can be used to digitize the product.

The Role of Strategic Planning In Improving Service Quality and Profitability of the Healthcare Industry: A Systematic Review

Strategic planning plays a pivotal role in enhancing service quality and profitability in the healthcare industry. This systematic review synthesizes findings from various studies conducted between 2019 and 2023, exploring the impact of strategic planning on these two crucial aspects. Following the PRISMA 2020 guidelines, the review encompasses journals discussing strategy management in the healthcare industry, ensuring transparency and scientific rigor. The findings underscore the importance of involving employees and stakeholders, including patients, in the strategic planning process, as it increases job satisfaction, commitment, and service quality, while also fostering patient loyalty. Knowledge management, continuous learning, and informed decision-making serve as key factors influencing organizational performance. The strategic planning promotes effective resource allocation and incremental learning, which contribute to improved profitability. Studies consistently demonstrate that well-executed strategic planning positively affects the service quality, patient satisfaction, operational efficiency, cost-effectiveness, and profitability in healthcare organizations. Integrating digital technologies into the strategic planning process supports digital transformation, ultimately enhancing the service quality and profitability. Furthermore, the strategic planning also facilitates successful lean implementations, reducing waste and increasing efficiency. This systematic review highlights the broader implications of strategic planning, including its relationship to human resource management and organizational sustainability. Comprehensive strategic planning that involves the stakeholders, promotes the continuous learning, integrates the technology, and considers the human resources and sustainability is crucial for enhancing the service quality and profitability. Overall, this systematic review emphasizes the significance of strategic planning in the healthcare industry by shedding lights on the best practices, challenges, and key considerations for developing and implementing effective strategies to improve the quality of care, patient satisfaction, and long-term profitability.

Business Planning and Organizational Profitability: A Study of PPMC Approach

The purpose of the study was to examine business planning and organizational profitability. A study of selected organizations in Cross River State, Nigeria. The objectives were to determine the relationship between marketing plan and company turnover rate, to determine the relationship between financial plan and company market share and to determine the relationship between personal plan and quality of product. Desk survey method was used in gathering relevant information on Business corporate planning and organizational profitability. The study adopted Pearson Product Moment Correlation Statistical tool to examine the relationship between independent and dependent variables. Based on the analysis, the findings revealed that marketing plan had a significant relationship with company turnover rate, financial plan had a significant relationship with company market share and personal plan had a significant relationship with quality of product. The study recommended that policies should be disseminated down the line of management. There is an urgent need for all corporate management units to develop a policy that will be non-ambiguous, set out clear targets with well-defined objectives.

The Role of Green Human Resource Management in Enhancing Employee Engagement and Environmental Performance

The present investigation centers on the function of Green Human Resource Management (GHRM) in augmenting environmental performance and employee engagement. Organizations use GHRM as a strategic method to deal with environmental concerns that arise from both the inside and the outside. The goal of the study is to emphasize how important GHRM is to creating an ecologically conscious and sustainable workplace. Organizations can enhance environmental performance by lowering waste generation and pollution levels, prioritizing employee engagement, and establishing a safe and healthy work environment. In order to determine whether GHRM, employee engagement, and environmental outcomes are related, the study looks at these relationships in the hopes that applying green practices will increase organizational profitability. In order to avoid greenwashing and match HRM tactics with environmental concerns, the GHRM idea is essential. By underlining the benefits of businesses’ environmental actions and the contribution of GHRM in recent advancements, this study adds to the body of literature. Keywords: Green Human Resource Management, GHRM, employee engagement, environmental performance, waste reduction, pollution reduction

Impact of social innovation on value in cooperatives: a systematic literature review and a modeling attempt

Social innovation is often presented as a fashion or a trend in the world of business and management. However, it is important to note that it is much more than just a passing mode. It is usually classified as a way to boost the competitiveness and profitability of the social organizations, or a way to generate their value.For cooperatives, social innovation concerns more social and environmental issues. A perception that remains very limited given the managerial changes and organizational transitions of these cooperatives. Hence the need to develop a wider spectrum of reflection in terms of the value created by social innovation.Furthermore, the main objective of this communication is to model the conciliation between social innovation and value in cooperatives. In other words, the authors tried to pinpoint the concept of value in social organizations and study the impacts of social innovation on this value.To do so, the authors conducted a text mining analysis referring to 510 articles from Scopus engine by using IRaMuteQ 0.7 alpha 2 software.The results of this communication reveal a typology three categories of social value (economic, social, and organizational) and present a model describing the contribution of social innovation to value in cooperatives.This communication remains a reflection on modeling the complexity of the existing relationships between social innovation and value in cooperatives.

Working Capital Management and Financial Performance: Evidence from Nigeria’s Public Listed Manufacturing Companies

Working capital management is important in corporate finance and considerably impacts organizational profitability. The study investigates how working capital management impacts the performance (specifically in the context of financials) of publicly traded manufacturing companies listed on the Nigeria Stock Exchange (NSE). Data collected for this study was analyzed using Statistical Package for Social Sciences (SPSS) based on the sample of 18 manufacturing companies for five years from 2013 to 2017. Working capital management is important for all organizations as it can considerably impact profitability and financial performance. The linear regression study revealed a notable positive correlation between the Account Payable Period and profitability. An escalation in the duration of accounts payable is associated with increased profitability. The second regression model conclusion indicates that a reduction in the duration (days) to collect sales from consumers is linked to a reduction in the profit since accounts receivable are negatively and insignificantly correlated with profitability. The third discovery in this study revealed an insignificant adverse relationship between the conversion period for inventory and profitability. Manufacturing companies need to turn their inventory into sales to increase profits promptly. This analysis revealed an insignificant inverse correlation between the conversion cycle for cash and profitability.