Practice Of Enterprises Research Articles

Individual entrepreneurial orientation and firm performance: The mediating role of sustainable entrepreneurship practices

The entrepreneurship landscape has undergone a significant transformation towards sustainability in both large and small business firms. This study investigated the effect of individual entrepreneurship orientation on sustainable entrepreneurship practices and firm performance of fisheries small and medium enterprises. The study used a structured questionnaire to gather data from a sample of 389 entrepreneurs working in the Tanzanian Nile perch fishery in Lake Victoria. Descriptive statistics and the partial least squares structural equation modeling technique were used to analyse the quantitative data. The study's findings indicated that the risk-taking, innovativeness, and proactiveness substantially impact sustainable entrepreneurship practices in fisheries small and medium enterprises but does not have a direct relationship with the firm's performance except for the innovativeness. Additionally, it was discovered that sustainable entrepreneurship practices have a complete mediation role in risk-taking and proactiveness, while they have a partial mediation role in innovativeness. Therefore, the study recommends advocacy for policies and incentives to foster the implementation of sustainable entrepreneurship enterprises among small and medium enterprises in the fisheries industry for sustainable businesses and the natural environment.

Features and evaluations of organizational support provided by occupational health nurses in private practice for the implementation of sustainable health and productivity management in medium-sized enterprises

This study aimed to clarify the features and evaluations of the organizational support provided by occupational health nurses (OHNs) in private practice to promote sustainable health and productivity management (HPM) in medium-sized enterprises. Corporate managers and employees of four enterprises with fewer than 300 employees received support from an experienced OHN in private practice through five support sessions per company, primarily targeting company managers. The OHNs documented their support steps and evaluations. After completing the support process, we conducted semi-structured interviews with company managers and OHNs to evaluate the support provided by the OHNs. The support processes were organized for each company according to an analytical framework based on the consolidated framework for implementation research; the support features of OHNs were extracted. The evaluations of the support provided by OHNs from the perspective of company personnel were categorized using content analysis. Six features of support by OHNs for the promotion of HPM were extracted, including clarifying corporate needs while focusing on relationships of trust with company representatives, providing appropriate health information, and introducing external resources to facilitate independent and continuous efforts in the company to promote sustainable HPM. The managers' evaluations of the support provided by the OHNs included the following six categories: 1) identified and recognized current internal health issues; 2) received specific assistance tailored to the company; 3) gained an opportunity to work on health promotion measures; 4) considered the development and continuation of future health promotion measures; 5) learned about the existence of OHNs as easy to consult with; and 6) identified aspects of support from OHNs that were different from what they expected. This study clarified the features and evaluations of the support provided by OHNs in private practice in medium-sized enterprises for the promotion of HPM. Our findings suggest that the involvement of OHNs in private practice may increase the number of medium-sized enterprises that can autonomously commit themselves to HPM in a sustainable manner.

Implication of human resource management practices in SMEs in India

This descriptive study examines the implementation of HRM practices in small and medium enterprises (SMEs) in RIICO industrial areas in Neemrana and Jaipur. While in large organizations, human resource management practices are well established in a formal way, they tend to be informal in SMEs. Despite the significance of HRM practices for growth, there is a lack of consistent implementation in SMEs. The study utilizes a case method approach, analyzing data from 28 SMEs, to gain insights into the perceptions of HR professionals responsible for implementing HRM practices. The findings of this study can serve as a valuable resource for developing future guidelines and recommendations for HR practices in SMEs. Understanding the challenges and perceptions of HR professionals in SMEs. This study aims to contribute to formalizing and improving HRM practices in the SME sector.

Digital transformation of enterprises empowers the development of new productive forces of enterprises

Based on the data of financial statements of A-share listed companies from 2015 to 2022 and ESG index data of Huazheng Company, this paper empirically analyzes the effect and mechanism of digital transformation on the new quality productive forces of enterprises. The results show that digital transformation can significantly promote the improvement of the new quality productive forces of enterprises, and the results are still valid after dealing with endogenous problems, eliminating special years and changing cluster test. Heterogeneity analysis shows that from the perspective of enterprise nature, the digital transformation of state-owned enterprises and high-tech enterprises has a more significant role in promoting the new quality productive forces of enterprises. The mechanism research shows that digital transformation can promote ESG practice of enterprises, and then promote the improvement of new quality productive forces level of enterprises. Therefore, it is proposed to accelerate the green transformation of enterprise development mode, promote the digital transformation of enterprises and corporate social responsibility governance by institutional supply, and strengthen the empowerment effect of internal governance of digital technology, hoping to provide useful reference for the development of new quality productive forces of enterprises.

Too small to care? Developing a model explaining managers' decision to adopt employee stress prevention practices in micro and small enterprises

Employee work stress jeopardizes employee well-being and enterprise performance in micro and small enterprises (MSEs). Although previous studies show that formal stress prevention practices effectively improve employee well-being and, in turn, foster enterprise performance, MSE managers rarely adopt such formal prevention practices. Based on qualitative evidence, we explore the attitudes and perceptions underlying MSE managers' decision to adopt formal stress prevention practices (i.e., their perceived closeness with employees, perceived expertise in stress prevention, attitude toward formal practices, attitude toward external support, attitude toward work stress, and perceived employee buy-in). Moreover, we develop a theoretical model explaining how the extracted attitudes and perceptions influence MSE managers' adoption decisions. Our study contributes to the research on MSE managers' experience with managing work stress and their role as employers. Furthermore, we provide practical recommendations for external providers of formal stress prevention practices on how to engage with MSE managers.

ОТ ПОЛИГОНА К КАРБОНОВОЙ ФЕРМЕ: БИЗНЕС-МОДЕЛЬ

In the context of the climate agenda, a systematic presentation of the scientific, methodological and educational tasks of the carbon landfill is given, the «carbon theme» is designated and the subprocesses (main, accompanying, providing and managerial) of the carbon sequestration process implemented on carbon farm plantations as a potential business-process are highlighted. Based on a comparison of well-known approaches to business modeling of entrepreneurial activity, a research hypothesis was formulated and the interpretation, composition of elements of the carbon farm business model, its value proposition were clarified, and the uniqueness of the final product (services for the absorption and sequestration of carbon by «air-plant-soil» ecosystems) was noted. The distinctive characteristics of the dynamic, complex, sensitive and multifactorial natural process of decarbonization as the basis of the operating cycle are substantiated. It is shown that biological features of the business process generate various risks, this does not guarantee sustainable profit generation. A three-link value chain and a business-model mind-map are proposed, which can serve as a working tool for planning, monitoring, diagnostics and critical analysis of the commercialization of an ecosystem service in the context of the emerging sequestration (decarbonization) industry. The scientific novelty of the work consists in adapting the management template «business-model» proven by the practice of industrial enterprises in relation to the new ecosystem service «decarbonization», which is a natural result of the transformation of carbon polygons into carbon farms as business entities.

Sustainable Development Practices of Social Enterprises in Guangdong Hong Kong Macao Greater Bay Area: Basis for Strategic Plan

Sustainable Development Practices of Social Enterprises in Guangdong Hong Kong Macao Greater Bay Area: Basis for Strategic Plan

The practice of customs logistics in the export and import of petroleum products

In Russia, oil production and refining are the leading industries. The customs logistics of the export and import of petroleum products has its own characteristics and reserves for improvement. In order to comply with the rule of law and increase the efficiency of foreign trade activities in relation to petroleum products, it is necessary to strictly control all stages of the logistics process. Effective customs logistics implies an integrated approach to solving problems from the perspective of identifying costs and reducing them in conjunction with all logistics links – from supply to distribution. In the course of the study, the specifics of the approach to customs operations in relation to petroleum products as an object of export and import logistics flows within the framework of their movement by various modes of transport were studied. The importance of the development of customs logistics for the development of foreign economic activity and the oil industry is also determined. The result of the study was the directions proposed by the authors to improve the efficiency of customs logistics in the export and import of petroleum products. They include: reduction of losses of oil and petroleum products during transportation; organization of the logistics process, taking into account the analysis of the best practices of oil processing enterprises; improvement of the efficiency of inventory management; optimization of transport routes and choice of vehicles; introduction of modern information technologies into logistics processes.

About the use of machine learning in modeling business processes

In a highly competitive environment, as well as the activation of the domestic production market, enterprises need to quickly adapt to modern conditions. There is an obvious increase in the number of small manufacturing enterprises that participate in tenders on electronic trading platforms and offer their services to large enterprises, especially this growth is noticeable in the field of militaryindustrial complex. Customers prefer to cooperate with small enterprises that are adaptable to the order conditions and have not only short terms of order fulfillment, but also a flexible pricing system due to low administrative and bureaucratic costs. At the same time, such enterprises have problems with the organization of business processes when the volume of orders grows. In this paper, the authors have built a model of the Quality Control process using BPMN method on the basis of small enterprise practice. This model can be the basis for training a machine learning system to build a model of business processes. Natural language text processing is proposed as an area of artificial intelligence, which allows enterprises to use this unified technology to reduce the cost of developing and describing business processes.

FEATURES OF MANAGING THE PROCESS OF FORMING A FAVORABLE SOCIAL AND PSYCHOLOGICAL CLIMATE IN THE TEAM OF A MODERN ENTERPRISE

Introduction. The practice of modern enterprises shows that a favorable social and psychological climate in the team increases the efficiency of the enterprise, contributes to reducing staff turnover and improving the general atmosphere at the workplace. At the same time, knowledge of the features of the effective formation of the appropriate social and psychological climate allows managers to create conditions for the professional and personal development of personnel, which results in an increase in the effectiveness of the enterprise. The purpose of the article. The purpose of the article is to study the specifics of managing the formation of the appropriate social and psychological climate in the workforce of modern enterprises for the development of recommendations for an effective personnel management strategy. Methods. The research methodology is based on the analysis of scientific literature and empirical studies in the field of human resource management, organizational psychology and sociology. Such methods of scientific knowledge as the method of analysis and synthesis, comparison, and abstraction were also used. Such a comprehensive approach made it possible to understand not only the theoretical aspects of climate management in the team, but also the practical methods of its implementation in a real business environment. Results. The article considers the key aspects of managing the formation of a favorable social and psychological climate in the collective of a modern enterprise. The key factors affecting the formation of a positive working environment are considered. Various aspects of the impact of organizational culture on the formation of a favorable working environment have been studied. The importance of effective communication between management and staff, as well as between employees, is highlighted in order to create trusting relationships and promote collective success. Different leadership styles and their impact on staff morale and motivation are analyzed. The importance of effective conflict resolution at the workplace and the development of joint problem-solving strategies has been proven. The peculiarities of the application of these approaches in ensuring sustainable growth and competitiveness of enterprises in the modern business environment are studied. Conclusions. Based on the analysis of key aspects of organizational culture, communication practices, leadership and conflict management, practical approaches to the formation of a favorable social and psychological climate in the company's team have been determined. Specific practical methods are proposed for increasing employee satisfaction, reducing staff turnover and increasing labor productivity, which contributes to the sustainable development of the enterprise in the conditions of modern business.

How to Leverage Digital Sustainability Orientation to Promote Environmentally Sustainable Practices of Manufacturing Enterprises in China

The promotion of high-quality, environmentally sustainable practices in enterprises in the digital age has become an important topic in business and academic circles. In this study, by employing a perspective combining digital orientation (DO) and sustainability commitment orientation (SCO), the concept of digital sustainability orientation (DSO) is presented, and digital green capability (DGC) is introduced as the mediating variable. Moreover, the driving mechanism model of corporate environmental sustainability practice (ESP) is constructed, and the moderating role of environmental scanning (ES) is taken into consideration. Using two sets of research data from 353 manufacturing enterprises in China, the empirical test results show that DSO has a significant role in improving ESP, and DGC is important in mediating between DSO and ESP. ES acts as a moderating variable between DSO and DGC and further moderates the mediating role of DGC between DSO and EPS; that is, the stronger the ES, the more significant the mediating effect of DGC. The conclusion of this study broadens the application scope of strategic orientation theory in the study of digital sustainability and has theoretical and practical implications for exploring the development of DGC and the dynamic mechanism of ESP.

Enterprise Risk Management Practices in Malaysian Small and Medium-Sized Enterprises: An Overview

SMEs are crucial to the economic growth of many countries, particularly developing ones like Malaysia. SMEs have contributed significantly to economic growth but they also often struggle with problems related to poor management, which increases the risk of failure and closure. Effective risk management is essential in sustaining the long-term sustainability of SMEs and improving managerial performance. This study investigates the enterprise risk management (ERM) practices used by Malaysian SMEs in the manufacturing sector. The factors influencing the risk management behaviors and practices of SME manufacturing workers and their compliance with risk management protocols are examined in this study using a mixed-methods approach. This study focuses on employee behavior to better understand how organizational culture affects risk management techniques in SMEs. To design effective reward and recognition programs, this research also examines the psychological components of risk management while accounting for the organizational, societal, and financial challenges that followed the 2008 financial crisis. The study also examines the impact of organizational structure on the efficacy of risk management initiatives in small and medium-sized enterprises. The practical findings of the study are expected to demonstrate the extent to which ERM influences organizational effectiveness in Malaysia's SME manufacturing sector. This study intends to equip industry participants with the knowledge and confidence necessary to implement ERM successfully in their operations by offering insights into the factors that encourage and impede ERM adoption and its impact on organizational performance. This research advances ERM practices among SMEs and strengthens Malaysian businesses' resilience and risk awareness.

Implementasi Creating Shared Value (CSV) Untuk Membangun Bisnis Berkelanjutan di Indonesia

Corporate social responsibility has come to be an important a part of enterprise practices, aiming to contribute to community development and environmental maintenance.However, in practice, CSR implementation often fails to yield optimal results for companies, especially in the long term and indirect economic benefits. In response to this challenge, the concept of Creating Shared Value (CSV) emerges as an innovative paradigm shift, focusing on creating shared value for all stakeholders, including the companies themselves. State-Owned Enterprises (SOEs) and private companies in Indonesia are beginning to adopt and implement this CSV approach, demonstrating their commitment to sustainable development that provides long-term benefits for society, the environment, and economic growth. Thus, the use of the CSV concept offers opportunities for companies to enhance their contributions in creating broader positive impacts, while strengthening their position in a society and market increasingly attentive to social and environmental issues.

Board demographic characteristics and governance practices of SOEs in Ghana

Across the globe and particularly in the developing country settings, there has been an upsurge of interests from businesses, academics and policy-makers alike in understanding the relationship between corporate board characteristics and governance practices of State-Owned Enterprises (SOEs). This understanding especially in post-pandemic era would aid in formulating best policies for optimal performance of the SOEs. The aim of this study was to investigate the influence of board characteristics on corporate governance practices in SOEs in Ghana. Utilizing a structured questionnaire, data was collected from employees across various SOEs and analysed through Smart-PLS structural equation modelling. The findings indicate that board demographic characteristics have a significantly positive impact on governance practices, underscoring the importance of diversity in board composition. This outcome highlights the need for SOE policymakers to prioritize board diversity to enhance governance efficacy. This research enriches the literature on corporate governance in the developing country context and has practical implications for enhancing SOE management and performance. It also provides a foundation for future research to explore the dynamics of board characteristics in different contexts.

Supply chain management (SCM) framework for small and medium manufacturing enterprises (SMEs) in Ghana

Efficient supply chain management is essential for small and medium-sized enterprises (SMEs) in Ghana to guarantee a dependable flow of products and services, sustain competitiveness, and promote growth and job creation. The objective of this study is to analyse the current supply chain models utilised by manufacturing small and medium-sized enterprises (SMEs) in Ghana. Additionally, it intends to propose a prototype model that will aid manufacturing SMEs in achieving sustainability, growth, and future expansion in Ghana and other regions. The Conceptual framework was developed by examining variables identified in the existing literature on supplier management practices in small and medium-sized enterprises (SMEs), as well as inventory management approaches that are relevant to SMEs. A structured questionnaire was employed to collect data from the main source. This study employs a mixed method approach, which includes the participation of 363 respondents. Interviews and surveys were carried out with small and medium-sized enterprise (SME) owners and managers. The data was analysed using the SPSS (v 27.0) computer application, which involved both inferential and descriptive statistical analysis. The findings revealed essential components of the prototype, such as the implementation of supply management (SM), proficient information management (IM), streamlined distribution strategies, and strong marketing and sales strategies, in addition to customer relationship management (CRM) and effective post-sales services. Implementing these supply chain management (SCM) principles effectively can guarantee the sustainability, growth, employment generation, and overall performance of small and medium-sized enterprises (SMEs) in Ghana.

Decentralization and Human Resource Quality Drive Inventory Control Efficiency

This study investigates the influence of audit committee variables, decentralization, and human resource competence on internal inventory control implementation at Surya Mart. Conducted through quantitative methods and surveying 32 employees and stakeholders, the research finds that decentralization and human resource quality positively impact internal control effectiveness, while the audit committee variable shows no significant influence. The results emphasize the importance of organizational factors in shaping internal control practices in small-scale enterprises like Surya Mart, offering insights for managerial decision-making and highlighting avenues for future research to expand understanding in this area. Highlights: 1. Quantitative investigation examines organizational factors on inventory control at Surya Mart.2. Decentralization positively influences internal control, enhancing operational efficiency.3. Future research: explore variables, methodologies to advance small-scale enterprise inventory management. Keywords: Internal inventory control, Organizational factors, Small-scale enterprises, Audit committee, Human resource competence

A Study on the Application of Python in Corporate Financial Analysis

This article examines the application value, current status, and challenges of Python in corporate financial analysis and proposes targeted solutions to enhance its extensive use in financial practices. Currently, despite Python being recognized as a key tool to bolster corporate financial analysis due to its robust capabilities in data processing and analysis, its application in finance departments is limited by several core issues: a general lack of programming knowledge among finance professionals, insufficient operational training, and a lack of policy guidance for digital technology transformation. To address these issues, the paper puts forward five recommendations: 1) leverage the guiding role of governments and accounting associations; 2) continuously improve higher education programs for finance and accounting talent, integrating programming skills with traditional accounting courses; 3) strengthen university-enterprise cooperation and deepen teachers' enterprise practice; 4) develop comprehensive internal training and incentive mechanisms within companies; and 5) transition from abstract application guidelines to detailed application instructions. These strategies aim to significantly enhance the Python application skills of finance personnel, drive the digital transformation of the financial industry, and thereby generate greater value for businesses.

State policy of supervision and control regarding compliance with labour discipline of employees and its implementation

Research issue: The study is driven by contemporary global challenges regarding the stability and efficiency of production processes, the necessity to enhance competitiveness, and ensuring workplace safety, which demands a systematic approach to monitoring and supervising adherence to labour discipline. The research is theoretical in nature. The aim/objective of the study is to analyse the specifics of state policy on supervision and control over employees’ adherence to labour discipline, the peculiarities of its practical implementation, and perspectives for improvement. Method: The study employed a logical-semantic method, analytical and documentary methods of analysis, and the method of expert assessment of labour discipline of employees and employers based on their evaluation of certain aspects of labour discipline. The research methodology included a sample size of 30 respondents, and the research instrument was expert evaluation. Data collection was conducted through surveys, and the calculation method was quantitative. Results: The article examines the impact of the main incentives and methods on ensuring labour discipline, determining their essence and forms of manifestation. It also considers the extent of application of each method in enterprise practices. It was found that economic methods are widely used and aimed at increasing employee motivation and maintaining their labour discipline. The analysis revealed that the main manifestations of employee labour discipline and managerial duties are differences in the perception of labour discipline by both parties. It was found that employers underestimate the productivity and abilities of employees, indicating potential systemic deficiencies in human resource management. Conversely, employees note that managers ignore their needs and problems. The results of the expert evaluation showed that employees rated their discipline higher than employers did. These discrepancies in evaluations could affect internal relations within the team and require managerial attention to improve interaction and cooperation. Conclusion: Based on the assessment of labour discipline, systemic deficiencies in human resource management were identified, highlighting the need for appropriate monitoring and employee motivation mechanisms. The study proposes innovative personnel management methods to ensure labour discipline in enterprises, including HR branding, team building, mentoring, and grading. It is proven that these approaches allow for the creation of a fundamentally new management system to ensure compliance with labour discipline and the development of professionalism and employee motivation.

Customer perception, integration behavior, and loyalty of internet of things enterprises

As cloud computing, big data, and artificial intelligence technologies continue to develop and be commercially applied, the emerging industry of the Internet of Things (IoT) is continuously growing. To maintain a competitive edge, the establishment and sustenance of customer loyalty are crucial for the sustained development of IoT enterprises. Thus, this study aims to identify the key factors driving the establishment of customer loyalty in the IoT context. Utilizing an anonymous self-administered questionnaire survey, original data from 211 individual IoT users were collected, and structural equation modeling was employed to analyze the collected data. The results indicate that customer price perception, customer service perception, and customer integration behavior significantly and positively influence customer satisfaction, and through the mediating effect of customer satisfaction, significantly and positively affect customer loyalty. Additionally, customer integration behavior also directly positively influences customer loyalty. These findings expand and enrich existing research in the marketing field on customer satisfaction and loyalty, providing recommendations and valuable insights for customer management practices of IoT enterprises.

Effect of AI on the Sustainable Practices of Enterprises

Artificial Intelligence (AI) has developed as a transformative force with the potential to address multifaceted challenges across various sectors, including sustainable development. By leveraging AI technologies, societies can crack new opportunities to advance economic growth, social progress, and environmental sustainability. The integration of Artificial Intelligence (AI) into enterprises holds the potential to drive sustainable practices and foster economic development. The impact of AI on sustainable practices in enterprises can be profound and multifaceted, spanning various sectors including agriculture, manufacturing, healthcare, tourism, and more. However, several challenges must be addressed to ensure that AI deployment effectively contributes to sustainable outcomes. This paper seeks to identify the AI application in sustainable practices of enterprises and the opportunities and challenges faced by enterprises and entrepreneurs as a part of AI integration in enterprises