Company Plans Research Articles

Analysis of the impact of human resources employees’ perceptions on the process of digital transformation

PurposeEmployees’ perceptions of digital transformation (DT) affect digital technology adoption and utilization. These attitudes, such as digital preparation or acceptance of digitization, are linked to personal and organisational resources. The goal is to assess employees’ impressions of (1) DT in general and (2) the organization’s DT efforts, focusing on how these efforts affect their field of activity and (3) their DT expectations.Design/methodology/approachUsing the Unified Theory of Acceptance and Use Technology (UTAUT), a model was built and examined from three perspectives: demographic characteristics, employee views of DT and organisational activities in DT. We used semi-structured interviews with ten international HR employees to validate the model.FindingsBecause the IT company we studied has several digital technologies, global HR departments, and varied organisational contexts, we started with “purposive sampling”. The principal findings offer the model an extensive understanding of how demographic characteristics, employees’ views of digital transformation (DT), and organisational DT activities affect digital technology uptake and use expectations.Originality/valueThis research may help companies plan for HR department digital technology installation and use. The approach can enable further research on digital technology uptake in businesses and practical ways to meet employee expectations.

Impact of accelerated review policy on portfolio planning of vaccine companies

BackgroundWith the introduction of the accelerated drug review policy in China, the clinical research and development time and the review and approval time of drugs have been shortened accordingly. Especially under the influence of the COVID-19 pandemic, the vaccine formulations released through the accelerated review policy are springing up, and the question of how the accelerated review policy affects the investment portfolio of vaccine enterprises has also attracted more and more attention.Aims and methodsThe article uses mixed-integer linear programming to develop a new model on portfolio planning for vaccine companies based on the accelerated review policy context. The model is constructed using the Gurobi extension class of .NET, and the investment decision is made and simulated by the Gurobi solver to investigate the portfolio planning decision of a vaccine company maximizing the net present value of its vaccine production portfolio with the increase of available capital over a 20-year time horizon.ResultsThe NPV under the accelerated review policy is significantly higher than the net present value under the standard review policy when the available capital exceeds RMB 900 million. And the difference between the two of them peaks at RMB 1.87 billion when the available capital is RMB 1.9 billion; break-even occurs about 1.3 years earlier in the accelerated review policy than in the standard review; and when the available capital is the same, firms in the accelerated review policy choose to produce four products earlier and make the decision to invest in facility construction earlier; scenarios in the accelerated review policy are not as sensitive to changes in model parameters as they are in the standard review.ConclusionThe accelerated review policy is effective in providing incentives for commercialisation. The results of this study will provide an effective reference for vaccine companies to make scientific portfolio planning under the accelerated review policy.

Designing a Business Strategy Using Business Model Canvas (BMC) on Product Newcomer Gyura Hijab

In the dynamic and ever-evolving fashion industry, newcomers face significant challenges, particularly in crafting effective business strategies. This study aims to evaluate the feasibility of Gyura Hijab's business plan through an entrepreneurial lens and to analyze the development of a business strategy using the Business Model Canvas (BMC) framework. It focuses on understanding consumer preferences, hijab fashion trends, and aspirations for a modern lifestyle as a foundation for designing products and marketing strategies. The research employs a case study approach with qualitative methods to gain in-depth insights. A comprehensive SWOT analysis was conducted, supported by qualitative data collection and analysis to understand the internal and external factors influencing Gyura Hijab's business strategy. The findings indicate that Gyura Hijab is strategically positioned to expand its business through initiatives such as opening new branches in different regions with unique concepts and products. The company plans to develop a Budget Plan (RAB) for new stores with distinct decorations, products, and partnerships. It also aims to launch partnership programs as a promotional strategy, foster collaborations with loyal customers, and implement more aggressive marketing tactics both online and offline. This study contributes to the practical understanding of utilizing the BMC framework for business development in the hijab fashion industry. The novelty lies in tailoring the BMC framework to the specific needs of a hijab fashion business, providing actionable insights for practitioners and aspiring entrepreneurs in the industry.

The econophysical model of innovation diffusion

Analysis and evaluation of innovation efficiency require the development of tools to model their dissemination process within the industry. This paper presents a model of innovation diffusion based on physical approaches, describing stages of accelerating and decelerating growth. An exponential growth is described using a diffusion model, while a logarithmic one employs an electrical engineering model. The paper presents the correspondence of physical parameters with their economic counterpart: size of a company; characteristic of speed of information exchange between firms; company’s willingness to innovate; inter-firm influence and the breakthrough level of innovation. The theoretical model obtained was tested on historical data of innovation implementation in the fuel and energy complex, followed by adjustments of coefficients depending on the branch of innovation implementation. The developed model is applicable for describing the process of innovation dissemination in any industry in the country, as well as for investment and business planning in companies and decision-making on investments in innovation projects. When applied in industries with low levels of innovation activity, an increase in the level of high-tech production and the share of organizations implementing technological innovations is predicted. Using the example of Russia’s fuel and energy sector, rising in the technological level of enterprises and a decrease in import dependence are forecasted.

Sustainability Assessment of Agricultural Waste Biogas Production System in China Based on Emergy and Carbon Evaluation Methods

Biogas production is widely recognized as an effective solution for addressing agricultural waste treatment in rural areas. However, its development is often hindered by economic and environmental constraints. This study combined emergy evaluation and carbon footprint analysis methods to establish a new environmental radius assessment model for evaluating the ecological performance and optimization direction of an agricultural waste biogas production system, using a biogas production company in China as a case study. Compared with the straw return model and straw power generation model, the results of emergy indicators and carbon accounting showed that the biogas production model had a lower environmental load and higher economic output and level of emergy sustainability. Additionally, the biogas production system was found to reduce 0.47 kg of carbon emissions per 1 kg of agricultural waste utilized. The application of the biogas production model in rural areas had high ecological sustainability and carbon emission reduction benefits. Environmental radius assessment results confirmed that the reasonable changes in resource collection distance could further enhance the ecological sustainability, carbon mitigation ability, and economic benefits of the biogas production system. The environmental radius assessment method offers a new approach to the location planning of agricultural waste biogas utilization companies in rural areas.

Faktor-Faktor yang Berpengaruh terhadap Brand Image ditinjau dari Komunikasi Pemasaran

This research aims to describe each influence of the marketing mix starting from public relations advertising, personal selling, public relations and direct marketing on a company's brand image. This research uses literature review techniques with a descriptive qualitative approach. Search for literature using the Google search engine and Google Scholar with the keywords "marketing communications", "brand image awareness", "factors influencing brand image awareness", "brand image and marketing communications". The literature sought is journals, books, conference proceedings, and so on to be analyzed critically and explain what is found in each piece of literature. The research results show that the factor that influences brand image is implementing marketing communication strategies. A marketing communications strategy can create marketing information that provides value according to a comprehensive company plan. The factors that influence a good marketing strategy are marketing communication, where marketing communication is not only about promotion, but there are important elements or communication mix, namely advertising, sales promotion, personal selling, public relations and direct marketing. These five elements can influence the brand image of a company so that the company can increase sales of a product.

Financial Projection for Long-Term Corporate Plan of a Holding Insurance Company for The Year 2025-2029

A company's long-term planning is essential for sustainable business growth and success, especially in the dynamic and competitive insurance industry. This study aims to evaluate the company's feasibility in achieving the desired net profit target based on analysis of current and projected financial data, industry analysis, and conformity with the assumptions and strategic initiatives outlined in the company's long-term plan. The research method used was qualitative. The results show strong growth in the company's key financial metrics. Gross written premium (GWP) is projected to increase from IDR 37.6 trillion in 2024 to IDR 54.5 trillion in 2029 at a compound annual growth rate (CAGR) of 8%. This growth is driven by strategic initiatives focused on market expansion, particularly in the property insurance and credit insurance business lines. Net profit is projected to increase from Rp3.3 trillion in 2024 to Rp6.1 trillion in 2029 at a CAGR of 13.2%, due to improved operational efficiency. The company's initiatives in implementing best practices and streamlining operations will lower its expense ratio from 20.8% in 2024 to 20.4% in 2029. The implications of this study provide strategic insights for insurance company management in formulating long-term policies aligned with market growth and operational efficiency. By aligning strategic initiatives and long-term financial planning, companies can be better prepared to face challenges and capitalize on future opportunities, thereby supporting long-term sustainability and profitability.

Review on vital role of regulatory affairs in pharmaceutical industry

The burgeoning field of Regulatory Affairs (RA) serves as the foundation for ensuring public health in today's globalized marketplace. In the pharmaceutical industry, regulatory affairs play a crucial role in assuring the safety, efficacy, and quality of drug products, which are essential for the approval of new products entering the market. Emerging from a collective international desire to protect individuals from potentially harmful medications, this profession bridges the gap between pharmaceutical companies and regulatory agencies, ensuring that products meet all necessary legal and scientific standards.Regulatory affairs professionals act as guardians, meticulously ensuring the accuracy and completeness of product information. They navigate the complex labyrinth of regulations, translating them into practical plans for companies to follow. Their expertise encompasses the entire life cycle of a drug, from initial application submission and oversight of clinical trials to ongoing adherence to evolving regulatory requirements. This comprehensive approach guarantees the development, manufacturing, and distribution of safe and effective medications across various fields, including traditional pharmaceuticals, veterinary medicine, medical devices, and complementary therapies.As the pharmaceutical landscape continues to evolve, the demand for highly skilled regulatory affairs professionals remains strong. In India, the Central Drug Standard Control Organization (CDSCO) regulates drug legislation, facilitating drug development from initial research to market approval and post-marketing surveillance.

Substantive behavioral aspects of consumer behavior in the conditions of sanctions pressure on the Russian economy

Relevance. Sanctions pressure on the economy of the Russian Federation is one of the most important factors influencing consumer behavior and their consumer preferences. Under sanctions, many social, economic and political aspects influence consumer behavior, from which new consumer trends and changes in consumer behavior emerge.The purpose is to explore the substantive behavioral aspects of consumer behavior under the conditions of sanctions pressure on the Russian economy.Objectives: study changes in consumer preferences in connection with global crises; analyze changes in consumer behavior depending on various factors and price dynamics as a factor in consumer behavior; explore the influence of cognitive distortions on the meaningful behavioral aspects of consumers; propose the concept of business company plans in accordance with new consumer expectations.Methodology. In the process of research, general scientific methods of logical and statistical analysis, field research, as well as qualitative and quantitative analysis were used. Results. The survey showed that consumers have become more frugal and choose domestic brands in order to save money, the study of the impact of cognitive distortions on consumers showed that society is prone to a pessimistic attitude in terms of adopting new domestic products and brands.Conclusions. A business plan under sanctions pressure, aimed at the novelty of the product and its effectiveness, will help companies promote their goods and services on the Russian market during the period of sanctions pressure. Focusing on changing the object of purchase, place of purchase (online trading if possible), timing and methods of procurement in accordance with new motives and customer expectations will give companies an advantage in conditions of market instability and changing behavioral aspects of consumers.

Finance Planning for Small Innovation Companies

Finance Planning for Small Innovation Companies

Large variability in degree of constraint of reverse total shoulder arthroplasty liners between different implant systems.

The liner design is a key determinant of the constraint of a reverse total shoulder arthroplasty (rTSA). The aim of this study was to compare the degree of constraint of rTSA liners between different implant systems. An implant company's independent 3D shoulder arthroplasty planning software (mediCAD 3D shoulder v. 7.0, module v. 2.1.84.173.43) was used to determine the jump height of standard and constrained liners of different sizes (radius of curvature) of all available companies. The obtained parameters were used to calculate the stability ratio (degree of constraint) and angle of coverage (degree of glenosphere coverage by liner) of the different systems. Measurements were independently performed by two raters, and intraclass correlation coefficients were calculated to perform a reliability analysis. Additionally, measurements were compared with parameters provided by the companies themselves, when available, to ensure validity of the software-derived measurements. There were variations in jump height between rTSA systems at a given size, resulting in large differences in stability ratio between systems. Standard liners exhibited a stability ratio range from 126% to 214% (mean 158% (SD 23%)) and constrained liners a range from 151% to 479% (mean 245% (SD 76%)). The angle of coverage showed a range from 103° to 130° (mean 115° (SD 7°)) for standard and a range from 113° to 156° (mean 133° (SD 11°)) for constrained liners. Four arthroplasty systems kept the stability ratio of standard liners constant (within 5%) across different sizes, while one system showed slight inconsistencies (within 10%), and ten arthroplasty systems showed large inconsistencies (range 11% to 28%). The stability ratio of constrained liners was consistent across different sizes in two arthroplasty systems and inconsistent in seven systems (range 18% to 106%). Large differences in jump height and resulting degree of constraint of rTSA liners were observed between different implant systems, and in many cases even within the same implant systems. While the immediate clinical effect remains unclear, in theory the degree of constraint of the liner plays an important role for the dislocation and notching risk of a rTSA system.

Approaches to Modelling Marketing Strategies in E-Commerce

Introduction. Increasing the efficiency of business activities requires developing a marketing strategy using e-commerce to attract a wide range of customers and maximise the company's income. The key marketing metric for most companies is the customer lifetime value indicator, which is why studying approaches to forecasting this indicator in e-commerce requires special attention, considering the changing business operation environment. Aim and tasks. The study aims to develop approaches to modelling the marketing strategy of e-commerce enterprises. The tasks are a comparative characterisation of modern marketing planning tools and an empirical analysis of the possibilities of using the BG/NBD model for marketing planning in e-commerce companies, considering the need to implement scenario marketing planning in unstable conditions. Results. A comparison of the characteristics of the main marketing planning tools was conducted according to features such as content and focus, functional purpose, and planning period, which allows more purposeful use of these tools to solve specific tasks. In order to automatically obtain the required data format for modelling, a Visual Basic program was developed, a forecast of customer behaviour was built, and an indicator of customer transactions was determined for further calculation of customer lifetime value (CLV). During the simulation, four parameters of the BG/NBD model were evaluated, and the maximum value of the logarithmic likelihood function equal to 14460.54 was obtained. The expected number of transactions (forecast time = 26 weeks) was determined for each client from the database. After calculations the information was received, the selected client will make 2.35 transactions during the forecast period of 55-80 weeks. The recommended algorithm for using the BG/NBD model as part of a scenario approach for forecasting the cost of the customer's life cycle allows for more flexible forecasting of digital business revenues and building an optimal marketing strategy. Conclusions. An empirical study of the possibilities of using the BG/NBD model for marketing planning in e-commerce companies showed that, for the simulation of indicators that affect a company's marketing strategy, it is crucial at the initial stage to convert the database of customer purchases into the input format required for modelling. Using a scenario approach allows e-commerce enterprises to carry out variable marketing planning and reduce risks under growing uncertainty. A well-designed marketing strategy that can be adapted to different business development scenarios enables an e-commerce company to increase its sales.

Could California's groundwater resource management lessons be beneficial to England?

In California, Groundwater Sustainability Agencies (GSAs) are basin/catchment-specific water organizations mandated by the Sustainable Groundwater Management Act of 2014 to manage groundwater sustainably by 2040/2042. A GSA can charge replenishment fees for pumped groundwater and these fees can be used to: (a) monitor basin hydrologic conditions; (b) improve the water budget accuracy; (c) increase water availability through management actions and projects; (d) mitigate undesirable results; and/or (e) pay for activities including issuing allocations and limiting production to allocations. In England, housing is frequently proposed in river basin catchments that face water resource challenges. High profile examples are the Arun Valley and Cambridge. The current National Planning Policy Framework manages water resource planning strategically through water company Water Resource Management Plans or Environment Agency River Basin Management Plans. These processes can be slow to respond to development requirements. England might look to California's practices that require water users and developers to pay for ‘water credits’ or fees. This could involve a ‘Watermaster’ charged with local or catchment scale resource management and project implementation. This Watermaster could engage all stakeholders including the local water company, farmers, the Environment Agency and the local authority, none of whom is well positioned to act in isolation.

Corporate Cash Holdings and Advertising Spending After the Financial Crises

This paper examines the link between a firm’s characteristics and advertising budget allocation. It also shows the firm’s behavior after the Asian financial crisis and the American subprime mortgage crisis. Results show that crises can significantly impact management decisions. They can influence how multinational companies plan for their future. The study also identifies the macroeconomic factors that can influence a firm’s decision to allocate funds.

Developing a Dynamic Business Strategy: From Research and Goal Setting to Implementation and Evaluation

A dynamic company plan was essential for retaining competitiveness in today’s continuously shifting corporate climate. This review paper explored the effectiveness of combining continuous research, flexible goal formulation, agile execution, and continuing assessment to provide a strong framework for adjusting to market changes, technological breakthroughs, and competitive challenges. This review conducted a comprehensive evaluation of literature published using data from Scopus and Google Scholar. It employed thematic and meta-analytical methodologies to identify the key elements of dynamic strategy creation. The main discoveries consisted of the significance of using real-time data analytics to make well-informed decisions, the need for flexible goal-setting frameworks, and the advantages of Agile and Lean techniques in carrying out tasks. Furthermore, the implementation of ongoing evaluation and feedback processes was essential for improving tactics and maintaining a competitive edge. The review also highlighted problems such as the integration of real-time data, the establishment of flexible goals, and the promotion of organisational agility. Subsequent investigations prioritised examining the effects of developing technology and dynamic tactics on small and medium-sized firms (SMEs). This examination offered a thorough comprehension of how to manage and flourish in the current dynamic business environment by combining theoretical ideas and practical experiences. Keywords: Dynamic Business Strategy Continuous Research, Flexible Goal Formulation, Agile Execution Ongoing Assessment, Real-Time Data Analytics, Agile Methodologies Lean.

Mastering Business Planning and Strategic Development: Comprehensive Approaches for Achieving Long-Term Success and Competitive Advantage

Mastering company planning and strategy development was essential in today’s dynamic corporate landscape to ensure long-term success and sustain a competitive advantage. This reviewed article consolidates current research and case studies to examine complete strategies that organisations use to improve their strategic capabilities. The research highlighted the significance of incorporating real-time data analytics, adaptable goal-setting frameworks, and new technologies like artificial intelligence and machine learning into strategic planning processes. Agile approaches were crucial for iteratively implementing plans, and promoting the capacity to adapt and respond to changes in the market. Moreover, the study emphasised the need to implement continuous evaluation frameworks that included real-time monitoring and feedback loops to guarantee the continual improvement of strategies. This study also investigated the impact of leadership and organisational culture on promoting strategic agility and continuous improvement. The results indicated that an integrated strategy, in which research, goal-setting, execution, and evaluation activities were interrelated, was crucial for the development of efficient and relevant corporate strategies. By adhering to these suggestions, organisations may more effectively traverse the intricacies of the contemporary industry, guaranteeing long-term success and a strong competitive edge. Keywords: Business planning, Strategic Development, Competitive advantage, Real-time data analytics, Flexible goal-setting.

Examination of the effects of artificial intelligence readiness on lean sustainability and value creation in the mediation variable effect of organizational flexibility in technology-focused companies

PurposeThe purpose of this study is to understand how the level of readiness for artificial intelligence (AI) affects the overall performance of companies, determine the role of organizational flexibility in adapting to new technologies and business models and assess the importance of lean sustainability and value creation for technology-focused companies.Design/methodology/approachTechnology companies working in technoparks in Istanbul were determined, and a questionnaire was applied to senior employees such as experts, engineers and managers working in these companies. The results were processed with a sample of 456 units. SmartPLS program was used for analysis.FindingsAs a result of the analyzes, it is supported by hypotheses that AI readiness and organizational flexibility have positive effects on lean sustainability and value creation.Research limitations/implicationsWhen evaluated in terms of the limitations of the research, it would not be correct to evaluate the results of the analysis in general, since the data were collected from technology-focused companies in technoparks in Istanbul.Practical implicationsExamining the variables that make up the research model in technology-oriented companies helps to understand the critical factors for the future success of companies. At the same time, this research is important for companies to make more informed decisions in their strategic planning, technological transformation processes and value creation strategies.Originality/valueThis research topic offers a unique approach in terms of bringing together topics such as AI readiness, organizational flexibility, sustainability and value creation. These issues play an important role in the strategic planning of technology-focused companies, and when considered together, they are important in terms of examining the critical factors that affect the future success of companies.

Cadena de abastecimiento que integra la planeación estratégica y BSC en una empresa constructora

The general objective of this research was to propose a supply chain model based on strategic planning and the Balance Scorecard for the construction company GARES PERU S.A.C., Trujillo, 2021. Non-experimental type, descriptive cross-sectional design. The results indicate that 38% of the clients of the construction company GARESPERU SAC indicate that the level of supply management is regular; 40% of those surveyed indicated that the level of strategic planning is inefficient; 36% of respondents indicated that the level of the BSC is inefficient. A strategic direction was proposed for the company, these are: product development strategy, market penetration strategy and market development strategy. A Balance Scorecard model was developed, obtaining the control panel that integrates indicators. A supply chain model was designed. As a main conclusion, the general objective was met because a supply chain model was developed for the construction company GARES PERU S.A.C., which is aligned with the company's strategic planning, in addition to having support in the BSC dashboard that will facilitate continuous monitoring of the main management indicators.

The Important of Planning and Step for Prospective Leadership Proper Planning

This paper seeks to to analyze how important planning is for prospective leaders in an organization and to analyze the appropriate planning steps for prospective organizations. The method used is research on succession planning in companies which is qualitative research. It was found that . the speaker planned several stages of the company's sustainable development based on the theory of Susanto et al (2019). Strength and discipline are the main things that a prospective successor must have. In the company, men and women are equal, and candidates for professional succession are not the main choice in this company

ANALISIS ARUS KAS SEBELUM DAN SESUDAH PANDEMI COVID-19 PADA BADAN PENGELOA TAMANSARI MAHOGANY APARTEMEN PERIODE 2019-2023

The purpose of this study was to compare the cash flow situation at the Tamansari Mahogany Apartment Management Agency before and after COVID-19. This study used a qualitative descriptive methodology based on cash flow data, gathering information through documentation and interviews with the chief financial officer, chief tenant relations officer, and building manager. The study's findings are as follows: 1) Cash flow in 2019 prior to COVID-19 Due to the poor occupancy rate and numerous unit handovers that were empty or unoccupied, Tamansari Mahogany Apartments saw decreased income in 2019;2) Cash flow in 2020–2022 during COVID-19. The COVID-19 pandemic caused many homes to be used as locations for self-isolation for people infected with the virus, which resulted in a rise in income for Tamansari Mahogany Apartments from 2020 to 2022. 3) Cash flow in in 2023 a COVID-19 after COVID-19 Because Tamansari Mahogany Apartments work with agents to boost occupancy compared to COVID-19, they have constant and growing income. Establishing a successful and efficient company plan and concentrating on the allocated budget are crucial for organizations.