Real Business Research Articles

Employment creator or disrupter? Novel evidence for German import energy

ABSTRACT This paper uses the bootstrap rolling-window Granger causality test to investigate the relationship between energy import price (EIP) and unemployment rate (UR) in Germany. The finding reveals positive and negative influences of EIP on UR. The positive impact implies that the unexpected rise in EIP could strike the German employment market, which is supported by the real business cycle theory. However, this view cannot be confirmed by the negative influences owing to various reasons, including the fiscal and monetary policies adopted by the government to stimulate the economy. In addition, the influence of UR on EIP indicates that the change of UR is a vital indicator to forecast the EIP. Therefore, our findings prove the existence of a mutual connection between import energy and the domestic labor market. Since the German economy relies heavily on imported energy and resource-intensive industries, the detailed understanding derived from the relationship between EIP and UR will help policymakers optimize the domestic labor market and forecast the energy cost.

Enhancing Usability Assessment with a Novel Heuristics-Based Approach Validated in an Actual Business Setting

We have long been committed to improving Usability Evaluation and one of the proposals we have been working on the most is the use and improvement of the Heuristic Evaluation (HE) technique. With this in mind, we proposed an improvement which was tested in an experiment. This article describes an experiment carried out in a real business professional context. Fifteen usability experts from a reputable company evaluated eight websites (four supermarket and four bank platforms) using our HE proposal for the first time in real-world scenarios. This experimentation analyzed two main aspects: firstly, whether individual or group evaluations affect the final result, and secondly, whether the heuristic evaluation technique is effective in a real business and professional context. Regarding the Usability Percentage (UP) event, the results indicate that there was little difference between group and individual evaluations. The mean UP for the group was 57.88%, while the mean UP for individuals was 56.66%. The experiment provided sufficient information to suggest a new version of our HE methodology, specifically designed to improve results in real-life contexts. Furthermore, the experiment’s findings support the proposal of this new methodology, which is better suited to the business environment.

The development planning of the Italian Mezzogiorno: a statistical-mathematical analysis by a Real Business Cycle model

Since the 1950s, the regions of the Italian South (Mezzogiorno) have benefited from large in-kind transfers (namely, the provision of goods and services financed by the richer Northern regions) with the aim of favouring their economic development. The research aim of this manuscript is to evaluate this planning strategy, namely, to understand whether the territorial transfers boost the Mezzogiorno’s development or, on the contrary, whether the crowding-out effect of the final government expenditure on private investment and household consumption is the reason for the longstanding low growth of this geographical area.To accomplish this goal, the authors write down and solve an appropriate Real Business Cycle model and carry out some stochastic simulations. Their findings demonstrate that the in-kind transfer strategy entails no benefits for the Southern regions. In addition, the authors, using an alternative specification of their baseline setting, document that an alternative approach based on infrastructural investment is effective in stimulating the long-term economic growth of the Italian South.

English Proficiency Requirement for Improving Global Real Estate Business Program

This paper looks at both the felt (present situation) and perceived needs (target situation) English communication needs of Korean university students enrolled in the Global Real Estate Business program which uses English only as medium of instruction. Data was gathered using 8-item questionnaire composed of scales, checklists, and open-ended questions. Statistical and interpretive approaches were used to analyze the profile of the respondents, identify the both the present situation and target situation English communication needs of the students to inform possible program evaluation. Based on the study conducted, it was found that of the four communication skills in English, the respondents consider ‘listening’ as the most used, most practiced, most important, but most difficult. This study is important for the Global Real Estate Business Program teachers to consider, so that they can device ways on how listening comprehension can be improved. Also, the list of Global real estate business related skills and vocabulary focus will inform the teachers of which to emphasize and focus so that their classes will be able to better address what actual communication needs their learners feel are most important. In the future, it will continue to be necessary to manage practical global real estate business programs while continuously improving basic English skills, focusing on listening, to enable students to perform classes taught only in English.

Mengembangkan Jiwa Kepemimpinan dalam Berwirausaha di Era Globalisasi

In the ever-evolving era of globalization, leadership skills in entrepreneurship have become increasingly crucial for business practitioners. This article aims to develop and strengthen leadership qualities within the entrepreneurial context through a community service program. This program is designed to provide training and guidance to local entrepreneurs, specifically students at SMK Kartika XX-1 Makassar, with a focus on developing leadership skills, business management, and adaptation to global changes. The methods employed in this program include workshops, mentoring, and realistic business simulations. The results of the program indicate a significant improvement in the leadership abilities and business performance of the participants. Furthermore, the program helps entrepreneurs become better prepared to face challenges and seize opportunities in the global market. These findings demonstrate that with the right approach, leadership qualities can be effectively developed within the entrepreneurial community, thereby contributing to sustainable local economic growth.

The Development of the Law on Future-formed Real Estate Business in Vietnam

The Development of the Law on Future-formed Real Estate Business in Vietnam

Creating authentic remote work integrated learning: A new approach using HyFlex classrooms

This article reflects on the experience of a multi-disciplinary teaching team delivering an applied project course in a business master’s program. This capstone course was developed to address industry and government expectations for work-ready graduates. In the course students act as consultants for business clients, completing a project over two semesters to recommend solutions for real business issues. The focus of this article is on the innovative delivery of the course utilizing newly built HyFlex technology-enabled classrooms and how this multimedia technology presented opportunities and learnings for future work-integrated learning (WIL) courses.

Business cycle shocks according to the monetary approach The Turkish economy is a model for the period 2005-2021

The research aims to analyze the impact of fluctuations in monetary indicators on real indicators leading to business cycle shocks in Turkey. Based on the research hypothesis that the Turkish economy is affected by real business cycle shocks, positively or negatively, and varies according to the nature of the economy and the type of shock, whether monetary or real, the interrelation and interference between variables during... The cyclical movement within the economy results in reactions between variables that affect economic activity . To achieve the hypothesis of this hypothesis, the path of the direction of monetary indicators and their fluctuations, such as money supply, interest rates, and private bank credit, was traced, and their impact on the direction of flow of real indicators, such as gross domestic product, investment, and the unemployment rate. The study concluded that fluctuations in monetary indicators cause fluctuations in real indicators, creating two business cycles in The Turkish economy. The first is the result of an external shock represented by the American financial derivatives crisis in 2008 after the opening of the Turkish economy to the outside world. The second represents an internal shock due to the decline in the value of the Turkish lira in 2018. It is also noted that the impact of these monetary shocks is unequal in the real variables of output and investment. And employing according to the extent and depth of the shock occurrence, and the extent of the independence of the monetary authority

Pengenalan Balanced Scored sebagai Organisasi Bisnis

Performance measurement is an essential thing for a company. To become the winner in this global competition world, the company has to show a performance improvement from period to period. Recently, financial performance measurement is not enough to reflect the real business performance. That why Kaplan developed Balanced Scorecard Concept. The Balanced Scorecard Concept measure the organization’s performance through four perspectives that are the financial perspective, customer perspective, internal business process perspective and learning and growth perspective. In dead, the Balanced Scorecard Concept is a concept in translating strategy into action to achieve organization’s gool in the long term. The action is measured and controlled continually. This article count on the implementation of the Balanced Scorecard Concept in some companies in USA. Many problems a difficulties which occur on the implementation of the concept could became opinion and suggestions for some companies who want to implement the Balanced Scorecard. However, Balanced Scorecard will help organizations (companies) to measure their performance more comprehensive and accurate.

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.

The butterfly matchmaking model for circular construction: Towards a digital matchmaking platform tailored to French policy

Digitalization has gained recognition as a crucial factor for implementing circular economy principles in construction. However, digital platforms for circular construction do not adequately match supply and demand in the emerging secondary materials and products market yet. Therefore, this research questions how digital matchmaking platforms could be (re)defined to better support circular construction practitioners. By applying a participatory action research methodology with a technical assistance provider, the study employs a three-stage research design to comprehensively identify, collect, and react to stakeholders' needs in the French context, experiencing recent policy change. Our resulting butterfly matchmaking model defines two distinct, yet interoperable matchmaking loops: the first one matches auditors, contractors, and collectors for deconstruction, and the second one matches designers, contractors, and dealers for construction. This strategy presents a paradigm shift in current platform thinking by ensuring autonomy for circular construction and deconstruction as well as by providing a multi-sided matchmaking environment for key stakeholders' inclusion. Our proposition prompts platform developers to transition from mainstream project-centered matchmaking to a more holistic profession-centered matchmaking approach. By promoting tighter coordination between digitalization, policy, and practice, we contribute to the development of advanced digital matchmaking platforms, supporting the industrialization of circular construction. These results will be used to develop a functional prototype of a digital matchmaking platform for analyzing real business models.

An Exogenous Risk in Fiscal-Financial Sustainability: Dynamic Stochastic General Equilibrium Analysis of Climate Physical Risk and Adaptation Cost

This research aims to explore the fiscal and public finance viability on climate physical risk externalities cost for building social-economic-environmental sustainability. It analyzes climate physical risk impact on the real business cycle to change the macroeconomic output functions, its regressive cyclic impact alters tax revenue income and public expenditure function; This research also analyzes that the climate physical risk escalates social-economic inequality and change fiscal-financial policy functions, illustrates how the climate damage cost and adaptation cost distorts fiscal-finance cyclical and structural equilibrium function. This research uses binary and multinomial logistic regression analysis, dynamic stochastic general equilibrium method (DSGE) and Bayesian estimation model. Based on the climate disaster compensation scenarios, damage cost and adaptation cost, analyzing the increased public expenditure and reduced revenue income, demonstrates how climate physical risk externalities generate binary regression to financial fiscal equilibrium, trigger structural and cyclical public budgetary deficit and fiscal cliff. This research explores counterfactual balancing measures to compensate the fiscal deficit from climate physical risk: effectively allocating resources and conducting the financial fiscal intervention, building greening fiscal financial system for creating climate fiscal space.

Bankruptcy mechanism based on accumulated payoff and age promotes cooperation in coevolutionary games

When individuals or companies are unable to meet their financial obligations, they may undergo the process of bankruptcy and go out of business. At the same time, new companies may arise. In this work, we propose a coevolutionary game model incorporated with bankruptcy. In the model, each agent represents a company. Two factors, accumulated payoff and age, are taken into account to determine its bankrupt probability. We assume two possible bankrupt mechanisms, procedural bankruptcy and age-dependent bankruptcy. Through numerical simulations, we show that the bankruptcy can effectively promote cooperation. Moreover, we find the non-monotonic behavior of the cooperation level with the increase of noise intensity in procedural bankruptcy. By investigating the strategy patterns and the distributions of the bankruptcy probabilities for cooperators and defectors, we provide explanations for the promotion of cooperation and the optimization of the cooperation level. This work highlights the positive effects of bankruptcy mechanism on cooperation in the real business world.

GENERAL ECONOMIC EQUILIBRIUM MODELS

The article examines the possibilities and limitations of empirical models of general economic equilibrium and makes their classification. Computable general equilibrium models are divided into two groups: the first group is based on the equilibrium price model (G. Scarf's approach), the second is based on a multi-sectoral model of economic growth (L. Johansen's approach). Dynamic stochastic general equilibrium models are also divided into two groups: the first group is based on the model of the real business cycle (the approach of F. Kydland and E. Prescott), the second is based on the model of various behavior of firms in conditions monopolistic competition (the approach of J. Rotemberg and M. Woodford). Within each group, empirical models were studied according to the following criteria: the scale of the economy, its openness; application for current and future assessments; socio-economic phenomenon under study.

Is the Path to Citizenship through Property Investment Possible in Russia?

Introduction. Real estate has undoubted investment advantages. Moreover, in a number of countries it is a bridge for simplified obtaining a residence permit or even citizenship. In Russia, the legal regime of immovable property undoubtedly has a number of advantages. The very possibility to have property on the right of private ownership (including land plots) gives owners confidence in the possession and use of real estate. The legislation on real estate is characterized by stability and is less susceptible to change. Low rates of property tax calculated on the cadastral value of the property facilitate the acquisition of real estate. The variety of real estate objects allows citizens and legal entities to own residential and non-residential premises and parking places. With the development of digitalization of state administration, the registration of rights to immovable property has become as simple and accessible as possible, allowing owners to protect their property from fraudulent schemes. Property prices in Russia are steadily rising, which also stimulates investment in this sector. Whether investments in real estate contribute to obtaining citizenship of the Russian Federation in an accelerated (preferential, facilitated, etc.) manner will be shown in this article. Materials and methods. This study is based on: 1) the totality of such methods of scientific cognition as: the dialectical method, which allowed to connect the theory of civil and land law and the practice of the Constitutional Court of the Russian Federation; the formal-legal method allowed to analyse legislative norms; the system method allowed to consider the institute of national treatment of foreign citizens in Russia as a system with internal unity and interrelations with other institutions of law (the institute of citizenship, the institute of property rights, etc.); 2) the results of the author's survey of the moderators of My Hectar Programme regarding the demand of foreign citizens for land plots sold under the Programme; 3) analysis of the Decisions of the Constitutional Court of the Russian Federation. Research results. The study found that in Russia, at the constitutional level, foreign citizens are granted national treatment, exceptions to which are provided for by federal laws. Restrictions on the rights of foreigners are stipulated by a number of federal laws. For example, civil legislation has traditionally prohibited ownership of certain categories of land plots. As a response to western sanctions, in March 2022 a special permissive procedure was introduced for citizens of unfriendly countries to acquire ownership of real estate. The legislation on citizenship of the Russian Federation does not provide for any privileges for foreigners to obtain citizenship through investments in the country's economy in general, in real estate and business in particular.Discussion and сonclusion. The Russian Federation policy regarding the rights of foreign citizens to immovable property should continue to be aimed at maximum protection of the interests of national security and sovereignty of the country, and priority opportunities for Russians to acquire real estate. Certainly, the state should stimulate foreign investment. However, in the conditions of aggravation of international relations and threats to Russia's national security, it would be advisable to introduce a permissive procedure for the acquisition of real estate for all foreign citizens, taking into account the foreigner's occupation and the purpose of acquiring real estate, sources of his income, possible links with organizations banned in Russia.

Применение алгоритмов машинного обучения для сокращения информационной асимметрии и прогнозирования социальных изменений на рынке труда: вызовы и возможности

This paper explores the impact of machine learning (ML) algorithms on reducing information asymmetry in the labor market and forecasting social changes, presenting challenges and opportunities for employers and job seekers alike. It addresses the issues of information asymmetry stemming from disparities in data access between labor market participants, as well as variations in the quality of information obtained, complicating the hiring and job search processes. Theoretical foundations of big data and its analysis using ML are discussed for identifying trends and patterns conducive to more efficient labor market functioning. ML methods including predictive models, clustering, classification, and text analysis are presented, describing their application in reducing information asymmetry and adapting to changing market demands. Examples of ML algorithm usage in real business processes are provided, showcasing their contribution to optimizing recruitment and personnel management processes, as well as forecasting future trends regarding significant competencies and skills. The importance of adapting to new challenges and opportunities presented by ML algorithms for maintaining competitiveness and sustainable development in the labor market is emphasized. By leveraging big data analytics, employers and job seekers can make more informed decisions, leading to more efficient labor market outcomes. However, challenges such as data privacy and algorithmic bias must be addressed to fully realize the benefits of ML in the labor market.

SUBSTANTIATION OF THE IMPACT OF SOCIO-CULTURAL FACTORS ON THE BUSINESS ENVIRONMENT AND PROFESSIONAL MANAGEMENT SYSTEM

The article examines the theoretical and applied foundations of the impact of socio-cultural factors on the modern business environment under the influence of external and internal factors. The article shows the two-aspect relationship between the macroeconomic and microeconomic environments in the context of taking into account the socio-cultural impact on them. Based on the analysis of approaches to the concept and structure of the socio-cultural component of a business entity, the author offers her own vision of its main elements: organizational (corporate) and managerial culture; motivation; communication; diversity, equality and inclusiveness (DEI). Accordingly, the main directions of research on the socio-cultural factors of the business environment are highlighted and ways of their implementation in the domestic space are proposed. The least researched in Ukrainian science and domestic practice are issues related to the formation of a managerial culture that takes into account diversity, equality and inclusiveness. The necessity of an in-depth study of motivation and communication as important socio-cultural factors is substantiated. This is primarily due to the change in priorities during the military aggression of the rf in favor of the needs for protection, psychological, physical and mental health, opportunities for professional and personal self-realization, etc. Communication processes in a business environment are designed to focus on an individualistic approach to each employee with an appropriate reward system based on their needs and motivations. The socio-cultural factors proposed by us in their interaction most fully correspond to the current global and domestic trends in the functioning of the business environment on the basis of adaptation and innovation management. In the context of searching for ways of post-war recovery of Ukraine and its sustainable development in the system of global partnership, the need to form a professional management system capable of managing the socio-cultural component of an enterprise to increase its success and competitiveness is actualized. Priorities for further research and ways to introduce socio-cultural factors into the domestic business environment are substantiated. The author proves the necessity of improving the management of an economic entity on the basis of formation of a professional management system, in which an employee is considered as a personality and the highest value capable of self-realization, quality of teamwork, and ensuring the competitive advantages of an enterprise in the real business environment.

UAV-rider coordinated dispatching for the on-demand delivery service provider

Fast response is critical to the success of the on-demand delivery service providers. Recently, more and more on-demand delivery service providers have started trying to use UAVs/drones to cope with the increasing challenges due to delivery service-sensitive demand. In this study, we propose a novel UAV-rider coordinated on-demand delivery model from the perspective of the on-demand delivery service provider. The objective aims to provide cost-effective delivery solutions by introducing the UAV/drone fleets into the current rider-only on-demand delivery system. A mixed integer linear programming (MILP) model is formulated to solve the problem, which is verified by the solver Cplex. To further analyze the impacts of the integration of UAVs on the riders’ deployment in practice, we develop a modified adaptive large neighborhood search (ALNS) algorithm to solve real business large-scale instances. The mechanism of how to improve the operational efficiency of the delivery service provider by integrating UAVs and the best-coordinated mode between UAVs and riders is discussed by conducting real-data-based numerical experiments. The results show that, for the case with a small number of orders in a dispatch cycle, the pure UAV model is best for the on-demand delivery service provider. When there are a large number of orders received in one dispatch cycle, the UAV-rider coordinated model is the best one to achieve cost-effective solutions. Some useful managerial insights are obtained through extensive experiments.

Blue Ocean Strategy in the Soccer Sector: A Real Madrid Case Study

The present study aims to analyze the management actions adopted by the Real Madrid club through the lens of the Four Actions Framework of the Blue Ocean Strategy. It is a systematic literature review using the methodology Methodi Ordinatio and employs content analysis as the analytical approach. Searches were conducted in the Web of Science, Science Direct, and Scopus databases in May 2023. The research portfolio included 19 articles. The analytical content analysis procedure was carried out using NVivo Pro 14 software. Applying the Blue Ocean Four Actions Framework provided insights into Real Madrid's management strategies and business success. The findings illuminate various aspects of Real Madrid's operations, encompassing website structure, values, communication strategies, management approaches, financial performance, and areas for potential enhancement. Keywords: Blue Ocean Four Actions Framework, Real Madrid club de fútebol, management strategies, soccer club management.

Customer Demand Forecast Using Time Series Approach

Nowadays we are living in an uncertain time (pandemics, wars, inflation, shortages) and for companies, predicting the future of the business becomes more and more difficult. From this point of view, we can resort to statistical forecasting methods that, based on on past data and current external trends, can predict figures for the short and long term planning. The motive, the scope, behind this study is to develop a forecasting model using time series that can help the organisations and the managers in taking better decisions, on time, for the future of the company. The data that were used for this paper are focusing on forecasting the demands for the sales budgets only, starting with the historical data from a company in the glass mould manufacturing area. If we examine the current literature, we can find that there a few studies, with real business data regarding budgeting, therefore this study is relevant and important for the researchers and practitioners. This paper aims to illustrate how we can use the time series statistical method and the linear equation regression that can help the organisations to forecast and plan the business. The main findings after developing the model are that it allows smoothing the fluctuations of the series over time (especially if we find outliers) and eliminating the influence of seasonality, in order to obain in the end a good accuracy of the predictions. In order to measure the quality of the forecasting we can use many indicators, such as Mean Absolute Percentage Error.