Successful Companies Research Articles

The Linkage Between Digital Transformation and Organizational Culture: Novel Machine Learning Literature Review Based on Latent Dirichlet Allocation

AbstractOrganizational culture is a crucial component of innovation in company success, particularly in the setting of the information economy. The purpose of this research is to conduct a bibliometric analysis in order to identify dominant research topics, their potential shifts, and recent developments in the fields of organizational culture and digital transformation. It demonstrates a machine learning–supported method for identifying and segmenting the current state of this research field. The literature was identified from the Scopus database through a search query. The analyzed amount of papers (3065) was published in 1619 sources (journals, proceedings, books, etc.) with various research impacts. Identifying the dominant research topics resulted in eight topics: Social Media Connectivity; Digital Innovation Ecosystems; Socio-economic Sustainability; Digital Workforce Transformation; Digital Competence and Cultural Transformation; Knowledge, Culture, and Innovation; Data and Resource Management; and Digital Transformation Maturity. The results showed a shift in the research field on organizational culture related to digital transformation towards the subject area of business, management, and accounting, with increasing research interest and impact for the Digital Workforce Transformation as well as for the Knowledge, Culture, and Innovation topics.

ELABORATION OF SUCCESSFUL ESG POLICY: LEARNING FROM EUROPEAN COMPANIES

The ESG (Environmental, Social, Governance) approach serves as a strategic response to contemporary social and environmental challenges, embodying a company's awareness, vision, and measures towards achieving sustainable development goals. Simultaneously, ESG policy is a communication tool with stakeholders and a determinant of the company's competitiveness. This study aims to delineate the principal components of ESG policy and strategy – namely, vision, values, and goals – through an in-depth examination (textual analysis) of successful ESG companies' practices. To this end, ten leading European companies were selected based on their ESG ratings by Sustainalytics, and information regarding their sustainability vision, goals, and values was collected. Textual analysis was conducted using Voyant-tools.org v. 2.6.13. The findings show that the content and context of companies' ESG policies are shaped by terms such as sustainability, social and environmental issues, labour, development, business, responsibility, climate, stakeholders, people, impact and change. Sustainability is often associated with strategy, culture and design, while business is associated with responsibility, impact and value. The predominant issues identified in ESG policies relate to social and environmental aspects, governance, corporate management and partnerships. In particular, the emphasis on social and environmental issues – including policies, practices, responsibility and impact – is pervasive. Each company takes a different approach to developing the core principles of its ESG policy. In outlining this, the study underscores the diversity and multifaceted nature of ESG policies, with the consideration of industry specifics emerging as a critical feature to ensure effective implementation. The findings serve as a valuable resource for companies, providing guidance on the development of key components of ESG policies (vision, goals, values) and as an empirical basis for improving scientific and methodological approaches to assessing the effectiveness of ESG policies.

Pengaruh Kerjasama Tim, Komunikasi, dan Disiplin Kerja Terhadap Kinerja Karyawan

Performance is an effort made by an employee to carry out a responsibility given by the company. Performance is a serious concern to achieve company success because without its presence the company will experience difficulty in achieving the desired targets. This research aims to examine the influence of teamwork, communication and work discipline on performance. The sample consisted of 81 employees from one company in Klaten Regency, Central Java, Indonesia. The method used is a quantitative approach by distributing questionnaires to respondents. The research instrument was tested using validity and reliability tests. Next, the collected data was analyzed using multiple linear regression tests using SPSS 25. The research findings showed that teamwork had a positive but not significant effect on performance. Meanwhile, communication and work discipline have a positive and significant effect on employee performance.

Big Data Analytical Capabilities and Performance: The Mediating Role of Knowledge Management in IT Firms

This study aims to investigate the complex relationship between the capabilities of Big Data, knowledge management, organizational learning, and how they collectively impact the performance of small and medium-sized firms (SMEs) in Singapore's IT industry. This study aims to demonstrate the mediating role of organizational learning processes and knowledge management in the relationship between Big Data capabilities and company performance. To achieve this, a dataset of 300 organizations will be analyzed using simple random sampling and Structural Equation Modeling-Partial Least Squares (SEM-PLS). Extensive research has shown that knowledge management and organizational learning play a crucial role in maximizing the usefulness of Big Data capabilities and enhancing business performance. The results demonstrate the need of combining knowledge management and organizational learning with Big Data initiatives to create an environment that promotes performance enhancement. This integration enables a mutually beneficial influence that motivates businesses to produce exceptional results, particularly those working in the highly competitive technology industry. The study's conclusions emphasize the crucial role of knowledge management and organizational learning as intermediary roles for Big Data to fully realize its potential. The findings have significant ramifications for technology enterprises that are small or medium-sized. They propose a reevaluation of their strategic objectives that include a comprehensive approach to overseeing Big Data, knowledge, and learning. These aspects are crucial for a company's success in the modern digital environment.

A STUDY ON MARKETING STRATEGIES USED BY boAt

boAt is an Indian startup which was established in the year 2016 by its founders Aman Gupta and Sameer Mehta with the objective to provide high quality products at an affordable and suitable price for the consumers. The company offers to its consumers an affordable range of headphones, earphones, speakers and other accessories. The reason for the companys success can solely be credited to its affordable and cheap prices than compared to other competitors in the market and also because it caters to needs and preferences of the younger generations or the Gen-Z s in India. It also lays strong emphasis on design, boAt products often feature trendy aesthetics, vibrant colors, and unique designs, appealing to fashion-conscious consumer preferences. The companys ongoing product development demonstrates its dedication to innovation and technology , adding features like Bluetooth connectivity, waterproofing, and noise cancellation to enhance the user experience. KEYWORDS: Marketing Strategies, boAt, Consumer Preferences

Penerapan Customer Relationship Management sebagai strategi pemasaran berbasis data di PT.Gragaz Berkah Sejahtera

Implementing Customer Relationship Management (CRM) as a data-based marketing strategy has become the main focus for many companies in optimizing relationships with customers. This research explores this through a case study at PT. Gragaz Berkah Sejahtera, a pharmaceutical retail company or pharmacy business that adopts this approach. This research aims to identify how PT. Gragaz Berkah Sejahtera integrates technology and Customer Relationship Management (CRM) theory to improve interactions with customers and how to optimize data-based marketing and sales processes. The research method used is a qualitative descriptive analysis method with the object studied being PT. Gragaz Berkah Sejahtera which involves collecting data, implementing CRM technology, and evaluating its impact on customer loyalty, retention, and increasing sales. While the results of this research highlight the company's success in implementing data-based marketing strategies in an effort to improve marketing and sales, as well as increase customer satisfaction, however these results have not achieved maximum success because there are obstacles in implementing the concept of customer relationship management such as system failures. data-based information technology applications. So that efforts to implement CRM programs are disrupted and have an impact on sales which have not achieved significant growth through this data-based marketing strategy. This research can provide important information and insights for other companies wishing to adopt the same approach in an effort to improve relationships with customers and achieve optimal and sustainable marketing and sales.

ESG performance on the value of family firms: international evidence during Covid-19

The link between the financial success of family companies during COVID-19 and their environmental, social, and governance (ESG) performance is examined for the first time in this research. We have a natural setting in the COVID-19 era to see if the market rewards family-run firms that integrate social and environmental concerns into their goals during uncertain times. Since they can enhance their image and reputation, which the market values, these companies are likely to pursue broader social objectives, such as environmental improvement (socioemotional wealth perspective); alternatively, managers can act as stewards of the family’s interests by using these initiatives to increase the company’s value (stewardship perspective). However, it is also possible that in this type of companies economic interests prevail over social wellness (“amoral familism”). Therefore, family-owned firms could be reluctant to implement ESG practices unless they yield certain socioemotional benefits, including enhancing or maintaining their reputation in the public eye. In light of the above, we use an international display of the 500 biggest family firms in the world from 2015 to 2021. Taking into account an endogenous relationship between ESG performance and family business value, the study uses generalized moments to construct a dynamic panel (GMM). The primary conclusion is that there is a positive correlation between corporate valuation and ESG performance. Nonetheless, it has been noted that the performance of the companies is negatively impacted during the COVID-19 period. However, for firms with superior ESG performance, this negative impact did not exist over this period, supporting the idea that investors view better ESG performance as a prediction of future good stock performance. The results have a variety of implications. To begin with, this study adds to the body of knowledge on the environmentally friendly and sustainable expansion of family companies by providing recommendations for investors and businesses to better understand the influence of ESG on the profitability of family businesses. Furthermore, managers have to concentrate on enhancing the ESG performance of their organizations as it has the potential to increase value, draw in investments, encourage sustainability, control risks, affect earnings, and interact with the ownership structure. Additionally, managers need to consider how important it is to have a strong ESG performance in order to mitigate the negative effects of external crises like the COVID-19 epidemic. It’s crucial to remember that the precise impact might change based on the sector and other aspects unique to each company.

The Effect of Corporate Social Responcibility, and Good Corporate Governance on The Financial Performance of The Health Sector Listed on The Indonesia Stock Exchange in 2019-2022

Financial performance is used as an assumption by investors in seeing the company's success rate. Maximizing financial performance is the same as paying attention to the prosperity of stakeholders. Therefore, companies do not only focus on profits, but need to pay attention to social and environmental conditions. Thus it can attract investors to invest in the company. The purpose of this study was to determine the effect of the implementation of Corporate Social Responsibility, Independent Commissioner, Audit Committee, Constitutional Ownership on the company's financial performance.The research method used is quantitative and qualitative research methods with secondary data. This research was conducted at health sector companies listed on the Indonesia Stock Exchange for the period of 2019 to 2022. The sample determination method used purposive sampling and obtained 52 observation samples. The data analysis technique used is multiple linear regression analysis with data presentation assisted by the SPSS 26 application. The results of this study indicate that the implementation of Corporate Social Responsibility has a positive effect on Financial Performance, Independent Commissioner has a positive effect on Financial Performance, Audit Committee has a positive effect on Financial Performance, while Constitutional Ownership has no effect on Financial Performance. These results are expected to be a consi­deration for investors in investing, because increasing financial performance is characterized by an increase in the company's share price, so that investors get optimal returns.

The Effect of Machiavellianism on Employee Resistance to Change: The Mediation of Employee Needs

In today's organizational environment, the ability to survive the demands and change is the key to a company's success. However, the main problem faced by companies in implementing change is resistance from their employees although there have been many previous studies that discuss organizational dimensions in increasing employee acceptance. Therefore, this article discusses the relationship of employees' Resistance to Change with Machiavellianism and mediating role of Manifest Needs, which consists of Need for Dominance, Need for Achievement, Need for Autonomy, and Need for Affiliation. Data from 259 employees have been collected from various companies in Indonesia. The results obtained showing that Need for Autonomy significantly mediates the relationship between Resistance to Change and Machiavellianism as well as contributes to the theory while filling the research gap. In addition, this research also discusses recommendations for the future research and limitations associated with this research.

CUSTOMER SEGMENTATION: IDENTIFY DISTINCT CUSTOMER GROUPS BASED ON BEHAVIOR AND DEMOGRAPHICS, ALLOWING FOR TARGETED CAMPAIGNS AND CONTENT FOR EACH SEGMENT

In today's fiercely competitive economic climate, I see the insurance industry as having the most opportunity for growth and success. With growth rates of 70–80% and 12–15% respectively, the insurance and fast-moving consumer goods industries are the world's fastest-growing. I am attracted to this business and its potential for advancement since Life Insurance Corporation of India has given me the opportunity to work and gain experience in a highly competitive and enhancing domain. Distribution channels play a vital role in the success of many market companies that strive for a good market share by making items and services easily accessible to clients. Agents and agency holders are the only distribution channels available in the insurance market. If the correct amount of agents are employed, insurance companies such as MAX, RELIANCE LIFE INSURANCE, and TATA AIG may be able to capture an excessive piece of the market. Agents are the exclusive means by which insurance firms can disperse their benefits and goods. communicating the company's principles and goals to potential customers, particularly those from marginalized communities.

CORPORATE GOVERNANCE AS A FRAMEWORK FOR THE DEVELOPMENT AND GROWTH OF FAMILY BUSINESSES, BETWEEN CHALLENGES AND STAKES, WITH REFERENCE TO SOME ARAB EXPERIENCES

This study aims to introduce family businesses and the effective role of governance in improving the company's vision based on agreedupon family values by emphasizing the importance of applying governance in family businesses and identifying the most important steps necessary for the governance of successful companies within family businesses, Regardless of their qualities, family business frequently face challenges in applying governance concepts and procedures. Similar to other businesses, family business must use governance practices in order to maximize their resources, draw in foreign investment, attain sustainable growth, enhance their performance, and ultimately support economic development. The research also mentioned several Arab experiences with family company governance, such asAlgeria, Egypt, the United Arab Emirates, and the Kingdom of Saudi Arabia. The most significant findings indicated that it is challenging to create efficient regulations and a governance framework in family business and that certain Arab nations lack knowledge about governance procedures. The study also offered a number of recommendations, the most significant of which are as follows: The need to create a family constitution that includes laws and regulations that make it easier for Arab families to run their businesses while protecting the rights of shareholders; employing more generations of the family within the parameters of the business; allowing family members to share in

The Effects of Issue Leadership on Hotel Employee Creativity in China and Korea: The Double-Mediating Roles of Psychological Empowerment, Trust in Leader, and Organizational Commitment

Purpose - This research focuses on creativity and leadership as key roles of organizational success. While creativity plays a crucial role in the success of companies, leadership is a significant predictor of employee and organizational creativity. The purpose of this research is to examine the impact of issue leadership on hotel employee creativity, with a specific focus on Korea and China, and determine whether issue leadership is effective on the creativity of hotel employees via empowerment, trust in leader, and organizational commitment in both countries. Design/Methodology/Approach - The research model describes psychological empowerment, trust in leader, and organizational commitment as mediators between issue leadership and employee creativity. A questionnaire survey was conducted with hotel employees in Gyeogju and Busan in Korea, and Yunnan province in China. A total of 241 samples from Korea and 235 samples from China were analyzed using SPSS and AMOS.24 to examine the relationships between issue leadership and creativity, which were double-mediated by psychological empowerment, trust in leader, and organization commitment. Findings - The findings indicate that issue leadership has a positive effect on the creativity of hotel employees in both Korea and China. This study also reveals that in the Korean group, issue leadership has a greater impact on creativity in fostering the double-mediating roles of psychological empowerment and organizational commitment, whereas in the Chinese group, issue leadership has a greater impact on creativity in fostering the double-mediating roles of trust in leader and organizational commitment. Research Implications - This research has both academic and practical implications for hotel operations in Korea and China, providing valuable insights into the role of issue leadership in promoting employee creativity.

Defining Strategic Incentives as the Basis for the Company's Long-term Success

Successful business foresees effective disposal and management of scarce resources, which is related to the proper planning of the company's activities, the development of a coherent plan of decisions and actions that should be the basis for achieving the company's goal. The formation of the company's goal depends on the determination of strategic directions and the incentives that shape certain strategic behavior of the firm. The paper "Determining strategic incentives as the basis of the company's long-term success" is dedicated to this issue. The paper discusses the importance of business strategy development and determining factors. Interdependence of organizational structure and business strategy, as well as consistent ways of developing strategic decisions are analyzed. The paper discusses the importance of business strategy development and determining factors. Interdependence of organizational structure and business strategy, as well are analyzed consistent ways of developing strategic decisions. There is emphasized that a successful business is the effective disposal and placement of scarce resources, which is related to the correct planning of the company's activities, the development of a consistent plan of decisions and actions that should be the basis for achieving the company's goal. It is concluded that the public purpose of the company specifies its status, determines the efforts of all organizational levels to achieve the main strategic goal for which the organization was created. Development of business strategy and correct formation of strategy allows the company to: • to develop a concrete business plan; • to define specific business goals; • on the basis of the developed optimal action plan, to focus on increasing efficiency; • to establish a control mechanism of achievable goals and results. Keywords: Company mission and vision, business strategy, organizational structure; strategy incentives;

THE EFFECT OF KNOWLEDGE MANAGEMENT IMPLEMENTATION ON EMPLOYEE PERFORMANCE

Abstract In a company, it is very necessary to monitor and improve the performance of its employees. Employee performance is important for the company because with good performance, employees can contribute to the company's success in achieving the company's vision and mission. The variable that can affect employee performance is knowledge management. The purpose of this study is to explain whether or not knowledge management affects employee performance at PT Berlio Anugrah Putra. This research method uses a quantitative survey method. The data source used was obtained from employees of PT Berlio Anugrah Putra. In addition, the sampling technique in this study used non-probability sampling with convenience sampling technique. The population in this study consisted of all employees of PT Berlio Anugrah Putra with approximately 500 employees, so a sample of 89 respondents was obtained. The analytical tool used in this research is SmartPLS version 3.2.9. The results of this study indicate that knowledge management affects employee performance. Keywords: Knowledge Management, Employee Performance, Company Success

The Impact of Total Quality Management (TQM), Supply Chain Management (SCM) and Knowledge Management (KM) on Corporate Performance through the Corporate Competitiveness (Case Study of PT Brantas Abipraya (Persero))

In many countries, competitiveness management and business performance are considered as a key factor in a company's success. In general, companies that achieve rapid progress are those that can implement various management strategies to improve company performance appropriately in order to produce great company performance. PT Brantas Abipraya (Persero) is pursuing various strategies to increase the company's competitiveness by implementing Total Quality Management (TQM), Supply Chain Management (SCM), and Knowledge Management (KM) to improve the company's performance. This research aims to analyze the impact of Total Quality Management (TQM), Supply Chain Management (SCM), and Knowledge Management (KM) on company performance through increasing company competitiveness. The type of research used by researchers is causative research, which is a type of characteristic research with problems in the form of a cause-and-effect relationship between two or more variables. The researcher used a survey research design on 180 respondents with a probability sampling technique, namely a sampling technique that provides an equal opportunity for each element (member) of the population to be selected as a member of the sample. The data were analyzed using the structural equation modeling (SEM) method using the LISREL 10.0 program. The research results show that the application of Total Quality Management (TQM), Supply Chain Management (SCM), and Knowledge Management (KM) has a positive and significant effect on the company's competitiveness. Competitiveness itself and the application of Total Quality Management (TQM), Supply Chain Management (SCM), and Knowledge Management (KM) also have a positive and significant effect on company performance, and the application of Total Quality Management (TQM), Supply Chain Management (SCM), and Knowledge Management (KM) through competitiveness has a positive and significant effect on the company performance of PT Brantas Abipraya (Persero).

Review of Literature: The Impact of Competitive Advantage on Business Marketing Performance

This research aims to thoroughly investigate the impact of competitive advantage on the marketing performance of businesses. Companies possessing a competitive advantage consistently demonstrate an understanding of changes in market structure and the ability to choose effective marketing strategies. Competitive advantage can be achieved through various means, such as offering high-quality products or services, establishing uniqueness compared to competitors, or targeting specific market segments. Recognizing how to sustain a competitive advantage is a key factor in a company's success in a competitive environment. In summary, the roles of competitive advantage in the marketing performance of business actors include its impact on company performance, increasing business profits, influencing financial performance, affecting work performance, and shaping buyer decisions

THE EFFECT OF JOB SATISFACTION AND WORK LIFE BALANCE ON EMPLOYEE ENGAGEMENT AT PT PELAYARAN BAHTERA ADHIGUNA (PT BAg)

Human Resources is an important element and is the focus of many companies in achieving competitive advantage. Every company expects high engagement from its employees because it greatly influences the company's overall performance and is the key to the company's success and profitability. This study aims to determine how much the factors of job satisfaction and work life balance carried out by PT BAg employees affect employee engagement with the company. The sampling technique used is saturated sampling and the data is processed using a quantitative approach. The population is organic employees and work assignments at PT BAg, totaling 74 employees by distributing a questionnaire of 50 questions. The data analysis method used was multiple linear regression which was analyzed with the SPSS program. The results of this study indicate that job satisfaction has a positive and significant partial effect of 62% on employee engagement, while Work-Life Balance has a partial positive and significant effect of 18% on employee engagement. Simultaneously job satisfaction and work life balance have a positive and significant effect of 74% on employee engagement and the remaining 26% are influenced by other variables not examined in this study.

The Role of Effective Leadership in Achieving Organizational Success of Food Companies in Saudi Arabia

This research investigates the role of effective leadership in achieving organizational success within food companies in Saudi Arabia. Employing quantitative research methodology, a structured questionnaire was utilized as the primary data collection tool. The questionnaire, comprising 27 statements related to various aspects of effective leadership and organizational success, was administered to a sample of 50 participants selected through random sampling from employees within the Saudi Arabian food industry. Analysis of the questionnaire responses revealed a generally positive perception of effective leadership practices, with participants acknowledging the importance of leadership in fostering collaboration, promoting accountability, and enhancing communication effectiveness. However, variations in agreement levels across different dimensions of leadership were observed, indicating areas for further improvement. Based on the findings, recommendations include conducting further research to explore specific leadership behaviors contributing significantly to organizational success, implementing tailored leadership training programs, fostering knowledge sharing among food companies, investigating policy implications of effective leadership practices, and exploring cross-cultural perspectives on leadership effectiveness.

Business Portfolio and the Need for its Optimization in the Conditions of International

In the article - "Business portfolio and the need for its optimization in the conditions of international competition" – there is discussed the necessity of studying the management of business portfolio both between countries and between companies in order to win the competition and to maintain the place gained in the market is raised. The article primarily characterizes the countries with "weak" and "strong" business portfolios, aggressive and conservative portfolios, gives their examples, talks about the key and unique factors of the portfolio, and also about the advice given by scientists to company managers in this direction. The article states that although key and unique competencies determine the success of companies in the market, there is no universal list of them and they change depending on the situation. The general manager of the company should be able to focus on the unique competence in a specific situation and rely on it in the recruitment and optimization of the business portfolio. The article presents and describes the BCG-matrix of business portfolio management proposed by the Boston consulting group, which is useful for Georgian companies. Keywords: Business portfolio; Completing the portfolio; Portfolio optimization; Portfolio Management Matrix.

Reducing Defects Using DMAIC Methodology in an Automotive Industry

Quality is when it meets the wants and expectations of customers or even exceeds them. Every company must raise the quality of its current products and services. A complete and adaptable approach for establishing, maintaining, and maximizing company success is Six Sigma. Define, Measure, Analyze, Improve, and Control (DMAIC) is one of the tools used to implement Six Sigma. PT. KRM is one company engaged in the automotive sector, which produces Colt Diesel trucks. This research focuses on the welding processes. Defective products were found in as much as 5% of total production, exceeding the company's target of 3%. This research was conducted to determine the process capability based on product defects with the Six Sigma DMAIC method approach, then to find out the proposal for implementing quality control by analyzing the causes of defects in the production process and then looking for continuous improvement with the 5W+1H concept. The improvement was made to decrease the DPMO value of 4.496 and increase the sigma value of 0.19. This study demonstrates how the Six Sigma DMAIC approach can improve the quality of the cabin production process for the part side outer pillar LH. This case can help company managers apply Six Sigma methods to solve complex problems in other processes.