Successful Business Enterprises Research Articles

The Family Factor: Earl G. Graves Sr.’s Legacy as Publisher of Black Enterprise

Abstract: While much has been written about Ebony , Essence , and other Black-oriented publications, little has been established on the Black family as depicted in the business-oriented publication Black Enterprise , which has been in operation for more than a half century. Tenets of sustainable family business theory are useful in understanding the ideas and innovations of Earl G. Graves Sr., who founded Black Enterprise magazine and transformed it into one of the nation’s top Black-owned and Black-operated media companies. This study focuses on twenty-eight of Graves’s Publisher’s Page columns printed between 1970 and 2015 that showcase the role of the Black family, particularly in the development of successful business enterprises.

SID: Powering the Display Industry for 60 Years

SID: Powering the Display Industry for 60 Years

Yiddish Revolutionaries in Migration: The Transnational History of the Jewish Labour Bund by Frank Wolff

Reviewed by: Yiddish Revolutionaries in Migration: The Transnational History of the Jewish Labour Bund by Frank Wolff Gennady Estraikh (bio) Yiddish Revolutionaries in Migration: The Transnational History of the Jewish Labour Bund. By Frank Wolff. Leiden and Boston: Brill, 2021. xix + 512 pp. The continuing economic development of Imperial Russia and the pre-1880s state policy of "civilizing" Jewish subjects through luring them into general education prepared ever larger numbers of Jews to give up their traditional ways and live a life culturally compatible with that of the urban Christian population. A very small minority even converted to Christianity and thus emancipated themselves from the stifling legal restrictions placed upon adherents of Judaism. However, hundreds of the converts later officially returned to Judaism after realizing that conversion did not alleviate the stigma of their origin. A new stratum of [End Page 220] people, with one leg in traditional society and the other in the non-Jewish world, arose in Russia. Not only state school and university graduates steeped in Russian culture belonged to this stratum. The same or nearby social space was populated by "semi-intelligentsia" (54). This snobby tag described haphazardly educated autodidacts, many of them renegade Talmudic students. Yet secularized "conscious" or "enlightened" workers (soznatel'nye rabochie in Russian, bavustzinike arbeter in Yiddish) formed the most populous group of modernized Russian Jews. They, together with the "semi-intelligentsia," dominated the Jewish civil societal space, sandwiched between the traditional Jewish and the dominant Christian societies. This space—distinct in its lifestyle, social organization, values, and behavior—was an important recruiting ground for diverse political and cultural movements and groupings, including the Jewish Labor Bund established in 1897 by a group of Marxist secular socialists. Characteristically, "workers often tended to retrospectively view joining the workers' movement as an act of conversion." (210) Judging by the level of literacy among Jews arriving in America, people from the modernized groups played a more salient role among the immigrants than among those who stayed in Russia. Not only were they more receptive to radical ideas, but they were also more mobile. Some of them had to leave Russia fleeing persecutions and oppression, though economic reasons for emigration prevailed. The book Yiddish Revolutionaries in Migration, originally published in German in 2014 under the title Neue Welten in der Neuen Welt: Die transnationale Geschichte des Allgemeinen Jüdischen Arbeiterbundes, 1897-1947, focuses on one of the cohorts in the Jewish civil societal space: members of the Bund, which had grown into the largest among the Jewish, and generally one of the most numerous, Marxist parties in imperial Russia. At the same time, Russia is mainly a point of departure, because Frank Wolff is primarily interested in what happened to and around the Bundists who chose or had little choice but to emigrate to the United States and Argentina. Although the émigré Bundists did not create any influential organizations of the Party's members, they "inspired the rise of the powerful Jewish organizations of secondary Bundism" (19). Indeed, such eminent figures in the American labor movement as Baruch Charney Vladeck (1886-1938), Sidney Hillman (1887-1946), and David Dubinsky (1892-1982) were Bundists in their youth. Hillman's brainchild, the Amalgamated Bank, established in 1921, still exists as the largest union-owned bank. Bundists became tone-setters in many American Jewish organizations, including the Workmen's Circle (now The Workers Circle), established in 1900. Journalists with a Bundist pedigree played an important role [End Page 221] in the Forverts (Forward), the biggest Yiddish newspaper. Although not a few Bundists jumped on the communist bandwagon, others remained in the circles of uncompromising anti-communist socialists. Many were central in organizing and running Yiddish afternoon schools. A separate study could be devoted to those Bundists who inherited or built successful business enterprises and acted as generous sponsors of Yiddish cultural and other projects. Among them were Motl Zelmanowicz (1914-2010), the last president of the International Jewish Labor Bund, and Bono Wiener (1920-1995), president of the Jewish Labour Bund in Melbourne. Frank Wolff's excellent, though structurally challenging, book contributes a great deal to our understanding of the social environment created by Yiddish-speaking socialists in North...

Public-Private Partnerships for Elder Empowerment through Economic Productivity

Social Service and the Social Welfare Institution have a mutualistic partnership model. There are still a significant number of old individuals whose UDB IDs (unified database identifiers) have not been registered, according to Social Service and the Social Welfare Institution. Production Economic Enterprises (PEEs) is a program of the Social Service aimed at empowering communities. The Social Service and the Elderly Social Welfare Institution share responsibility for empowering communities. It is important to provide favorable conditions and an attractive environment for the elderly both inside the family and across the community as a way of demonstrating care for them. Using a productive economic business program, the social welfare institution establishes an activity group that enables the elderly to be more productive while still being able to make crafts in accordance with their abilities, thereby relieving the elderly of their burden on other communities, their families, and the government. It is being attempted to empower the elderly by developing profitable economic entrepreneurial activities in order for them to be self-sufficient. As one of the recreational activities, this lucrative economic business activity is carried out alongside other income-generating recreational activities to create a successful economic business enterprise

Impact of introducing a customer services component during secondary school education to improve small and medium-sized enterprises: a case study in Bangladesh

PurposeSmall and medium-sized enterprises (SME) make a significant contribution to alleviating poverty and generating employment, and achieve sustainable economic growth. Customer services represent core elements of a successful business enterprise. This study aims to examine the effect of education on customer satisfaction in the SME sector and what the future holds for developing countries.Design/methodology/approachUsing Bangladesh as a case study, this analysis uses a multiple-linear regression approach to examine the effect of a customer care orientation on customer satisfaction and on an SME’s ability to survive. Using a “probit model,” this study investigates the effects on customers’ probability of receiving subsequent services.FindingsDeveloping good customer services in secondary education will increase customers’ satisfaction and enable SMEs to survive and flourish in the long term. Having a policy that promotes this outcome increases the likelihood of receiving consistently good services for the foreseeable future.Originality/valueUnlike previous studies, this study examines the role of customer relationships in secondary education and how they improve SME customers’ satisfaction and business survival. This study offers new insights to retain existing customers for a successful SME business model.

Business ethics and spirituality for corporate sustainability: a Buddhism perspective

Globally, ethical concerns principally focus on the need for business ethics as well as an emphasis on spiritual leadership to enhance long-term effectiveness and corporate sustainability. This paper responds to a call for further studies of business ethics and spirituality in workplaces and advances the currently limited knowledge in the realm, in particular, from an Eastern Buddhism perspective. Using a case study research approach, this paper investigates how a modern company can ethically and spiritually lead and manage a successful, sustainable business. A Buddhist-based philosophy of “Sufficiency Economy,” as advocated by United Nations Development Programme was used as the research framework to examine the philosophy’s ethical and spiritual application. The findings suggest that, to achieve long-term corporate sustainability, a successful business enterprise should embrace good ethical and spiritual values via ethics/morality, knowledge, moderation, reasonableness, resilience, compassion and care for its stakeholders. Implications, limitations and future research are discussed.

Assessment of Business Enterprise and Strategic Thinking: A Study of Steady Growth Nigeria Limited

Strategic thinking has been recognized as the bane for successful business enterprises. However, many managers of business outfits do not recognize the importance of strategic thinking; hence investments in most businesses keep falling beyond expectations of profit making. The paper assessed business enterprise and strategic thinking at Steady Growth Nigeria Limited. The paper was underpinned on decision theory. The study population was 263 and the sample size is 158 staff of the company. The study adopted survey research design. The major instrument of data collection was structured questionnaire. Face and construct validation were carried out on the instrument. Inferential statistics, such as frequencies, percentages, mean ratings etc were used for data analysis through the aid of SPSS. The study found amongst others that the firm reduced their fleet by maintaining 20 active 10years old trucks, introduced 40 numbers of 5years old trucks and discarded the rest of the fleet. They introduced a new technology that tracks the trucks indicating their location and the condition of the truck per time. The paper recommended amongst others that business enterprises should engage quality and innovative personnel to man strategic positions in a business. Training, research and other developments should be prioritized.

OxyContin and the McDonaldization of chronic pain therapy in the USA.

Principles and practices gleaned from successful business enterprises have been used to transform the practice of medicine for decades. McDonaldization is the process in which principles which govern fast-food businesses, are applied to the practice of medicine. When left unchecked, the application of these principles can have devastating consequences, as in the treatment of chronic, non-malignant pain with OxyContin. At a time when there was growing concern about the under treatment of pain, Purdue Pharma introduced OxyContin, providing an efficient, predictable way of treating chronic pain. The liberal prescription of this drug contributed, and continues to contribute, to the opioid epidemic we see today. So, in confronting this epidemic, we must first understand the process of McDonaldization that has brought us here and then provide safe and effective chronic pain therapies even if they are expensive, time-consuming to deliver, difficult to measure, and unpredictable in their outcomes—all things we’ve grown to detest in our McDonaldized healthcare system.

A Theoretical Approach to Factors Effecting New Product Development

In our modern age that is having a quite fast and dizzy economic and social alteration and progress, witnessing a new technological product each and every day, and in which the expectations of consumers are getting higher and higher; enterprises have to be successful and sometimes manage to survive. Shortening life span of a product and the fact that consumers ask for a higher quality and a richer variety than past times maket he job of enterprises more difficult.Therefore, in order to be a successful business enterprise which is keeping its place in business world, it has been an obligation to put forward the products that have the expected qualifications by the consumers into the market on the right time without having a lack of quality.

Identifying enablers of technological innovation for Indian MSMEs using best–worst multi criteria decision making method

MSMEs (Micro-small and Medium Enterprises) can alter the economic scenario of any developing nation owing to their inherent ability to transform new ideas into innovations and thus successful business enterprises. However transforming the socio-economic status of a developing country is not an easy task. Manufacturing organizations especially MSMEs need to focus on important enablers of innovation to sustain global competition. This study aims at identifying important enablers of technological innovation in the context of Indian MSMEs. Extant literature review and expert judgment are used to identify enablers of technological innovation. A novel multi-criteria decision making technique called best–worst method is applied to find out most important enablers among these. Research results indicate project resources and capabilities; technical know-how of entrepreneurs and government policies as most important enablers contributing significantly towards technological development of MSMEs.

Generic solutions to coordination and organizational costs: informing cooperative longevity

Abstract For years, scholars and policy makers have ar gued that cooperatives, particularly agricultural cooperatives, exhibit organizational inefficiencies primarily caused by individual member behavior that is often independent and non-cooperative conflicting with the formation of effective coalition building. This free riding tendency creates significant challenges for a continued joint collaboration between and among member patrons. Yet, agricultural cooperatives have a long history of surviving as successful business enterprises. This paper presents a framework that proposes generic solutions effective as design principles in addressing the negative consequences of high organization costs, thus leading to sustainable common group interest activities.

Applying P-Diagram in Product Development Process: An Approach towards Design for Six Sigma

Successful business enterprises are to a great extent determined by strong sales and overall low operational cost; as a result, improving quality and reducing cost have been one of the important tasks for any business enterprise. These will help in achieving high quality products at reasonable price. Thus, due to the effectiveness of Six Sigma in improving quality and reducing cost, it has become an excellent initiative that is gaining momentum in the business world. However, academics have conducted little research regarding this phenomenon, especially on it applicability in manufacturing industries. Therefore, this paper seeks the knowledge regarding how P-Diagram Model (Taguchi Method) can be applied in product development stage to achieve Design for Six Sigma (DFSS). The paper illuminates on “Process” as the basic unit for Six Sigma and how production process can be enhanced using P-diagram. Following this understanding, the paper demonstrates how P-diagram can be applied in conceptualizing and developing product ideas that put into consideration users intent (User-centred design), reduce variations and thus, lower the risk of product failing.

Strategy for development and restructuring of public enterprise for underground coal exploitation, Resavica

Underground coal mining in Serbia is currently in a specific and very unfavorable situation, because there is practically no strategy for future development direction of underground mines. The company is characterized by large losses in business, and therefore high debt and a chronic lack of liquidity. PE UCE 'Resavica' in restructuring has no more capital, because, unfortunately, losses are higher than capital value. It is necessary to urgently develop and adopt a Strategy of restructuring and privatization of the company, how would all economic useful resources during a certain period, be reorganized into a successful business enterprise, based on a combination of public and private investment, which would end the agony and the process of restructuring of the PE UCE 'Resavica'.

Goal / target Setting and Performance Assessment as Tool for Talent Management

With talent management becoming an area of growing concern in the industry and literature, this paper seeks to investigate talent management practices and trends that are shaping successful business enterprises. A case study of best practices in talent management is followed using personal interviews and archival data as shared by the organization. The case describes the talent management change initiative by a steel manufacturing firm. It discusses a newly implemented goal setting, performance management and employee development practices of the firm. The case analyses these initiatives, identifies the existing gaps in these systems and suggests a more integrated method for the same.

ENHANCING THE SKILLS OF EMPLOYEE TOWARDS SUSTAINABILITY AND GROWTH OF BUSINESS ENTERPRISE: A CASE STUDY WITH SPECIAL REFERENCE TO BHARAT PUMPS AND COMPRESSOR LIMITED (BPCL) ALLAHABAD INDIA

Managing successful business enterprise requires human resource skills. Human resource capital is soul of the organization; it is the term which is used to describe the formal system and used as a tool to maximize the productivity and effectiveness of the organization as well as describes the workforce capacity. The mission of employees working in the organization is to acquire, develop and retain talent; and be an excellent contributor to the business enterprises. The field of enterprise development is focused on improving the effectiveness of enterprise as well as the skills of the employees. Enterprises have become increasingly dependent on technical and professional skills of the employees. The increasing number of “technical” position has resulted in changing organizational goal and organizational restructuring; these changes include the need for more cognitive skills as well as greater interpersonal skills. For any organization to perpetuate itself, through growth, there is a basic need for developing its manpower resources. Training helps in the development of skills and also updates the knowledge of the employee. Especially in the rapidly changing society, employee training and development is not only an employee developing activity but also a source to utilize the resources of an organization efficiently, so that it can maintain a viable, knowledgeable workforce and achieve sustainability and growth of the enterprise. Workers’ productivity depends on their skills which help in attaining the growth. It is the magic elixir for the enterprise to sustain in changing environment, especially for ageing advanced economies. A case of Bharat Pump and Compressors Ltd is being used in this paper to explain that skills of employees helps in achieving the milestones of success, perpetual growth and sustainability with the objective to maximize their profits and minimize their risks. In the first section of the paper the necessity of HR skills for achieving sustainability and growth, and objectives of the study will be discussed. The second section will give details of the BPCL that how it involves the approaches for Total Quality Management (TQM) and Total Productive Maintenance (TPM) in order to achieve and sustain a reputation for Quality at a Competitive Cost, in National & International Markets for their products and services through collective involvement of all. And in the last section findings and conclusion will be discussed on the basis of SWOT analysis of the company.

The Story of Lijjat: Women’s Entrepreneurship and Empowerment in India

This paper narrates the story of an Indian women's organisation called Lijjat which is not only a case in women's empowerment but one of a very successful business enterprise by any standards. Lijjat has grown over a period of half a century from its humble beginnings in 1959 to a growing organisation symbolising women's empowerment through an enterprise that has a turnover of l. Rs. 4.85 billion and an envious brand image for its consumer products. The Lijjat business model offers us insights and solutions in the third and fourth world context to fight poverty and restore dignity. More importantly, it offers us a business model to empower women and thus their families living at C.K. Prahlads bottom of the pyramid not only as consumers, but in this instance, in full measure as entrepreneurs and business managers.

Equality, Needs, and Bad Behaviour: The ‘Other’ Decision-Making Approaches in Australian Matrimonial Property Cases

Australia`s matrimonial property division jurisprudence has tended to focus on cases involving large asset pools and successful business enterprises. This contribution draws on an empirical study of unreported Family Court judgments to explore the patterns of reasoning in the more general population of defended matrimonial property disputes. The data from this study revealed that case law principles which exhort judges to assess and compare the value of each spouse`s contributions were rarely observed in practice beyond the `big money` cases, and that judges regularly abandoned the requirement to consider the parties` contributions in favour of a needs-based approach where there were limited assets and dependent children to house. The findings also indicate that notions of matrimonial fault continue to affect judicial decision-making in this area of law.

Success in the European Union depends upon culture and business

For the European Union to continue to succeed leaders in all 25 member countries have to devote more attention to the factors of culture and business. However, the key to successful business enterprise across Europe is not only understanding the impact of culture on human behavior and organizations, but for managers and other professionals to develop skills in coping with multiculturalism and diversity within the EU populations.

The People’s Doctors: Samuel Thomson and the American Botanical Movement, 1790–1860

Samuel Thomson, born in New Hampshire in 1769 to an illiterate farming family, had no formal education, but he learned the elements of botanical medicine from a root doctor, who he met in his youth. Thomson sought to release patients from the harsh bleeding or purging regimens of regular physicians by offering inexpensive and gentle medicines from their own fields and gardens. He melded his followers into a militant corps of dedicated believers, using them to successfully lobby state legislatures to pass medical acts favorable to their cause.John S. Haller Jr. points out that Thomson began his studies by ministering to his own family. He started his professional career as an itinerant healer traveling a circuit among the small towns and villages of Maine, New Hampshire, and Massachusetts. Eventually, he transformed his medical practice into a successful business enterprise with agents selling several hundred thousand rights or franchises to his system. His popular New Guide to Health (1822) went through thirteen editions, including one in German, and countless thousands were reprinted without permission.Told here for the first time, Haller's history of Thomsonism recounts the division within this American medical sect in the last century. While many Thomsonians displayed a powerful, vested interest in anti-intellectualism, a growing number found respectability through the establishment of medical colleges and a certified profession of botanical doctors.The People's Doctors covers seventy years, from 1790, when Thomson began his practice on his own family, until 1860, when much of Thomson's medical domain had been captured by the more liberal Eclectics. Eighteen halftones illustrate this volume.

Sheep‐farm in the Pyrenees

Two entrepreneurs operate a very successful business enterprise, in a small rural community. The entrepreneurs are seeking to expand, but this will need capital. Students are encouraged to discuss the product line and its suitability for export.