Sustainable Profitability Research Articles

HYBRID COSTING METHOD IN THE READY-TO-WEAR CLOTHING INDUSTRY

In today's world where competition is increasing, one of the main objectives of the firms is to determine the production costs correctly and to reduce these costs by taking into account the targeted quality standards. Thus, efficiency and sustainable profitability will be ensured. For this, it becomes necessary to choose and apply the most appropriate cost calculation methods that can be used.In this research, it is aimed to determine the product costs of a firm operating in the ready-to wear clothing sector and using the job-order costing method, according to the hybrid costing method and compare them with the current results. For this, the case study method was used. For this purpose, the existing cost data of the firm were rearranged within the framework of the hybrid costing method, and total and unit costs were determined. The results of the hybrid costing method obtained were compared with the results of the job-order costing method. As a result, five out of nine orders resulted in cost reductions, and in others, cost increases. In addition, it was determined that the sales costs determined by the hybrid costing method for the implementation period decreased and the gross sales profit increased.

أهمّية معايير الاستدامة في تقييم الأداء وتأثيرها على مستوى الإفصاح المحاسبي / دراسة تطبيقية لمصرف الموصل للتنمية والاستثمار ، شركة مساهمة خاصّة.

The research aims to evaluate the performance of commercial banks and to indicate the role of the subjects of the sustainability accounting standard in terms of the extent to which commercial banks adhere to standards and considerations of financial and non-financial sustainability by the Mosul Bank for Development and Investment / a private joint stock company, using the FNO101 standard, which is an accounting standard issued by the Sustainability Accounting Standards Board SASB, financial statements and reports Approved to complete the requirements of scientific research and the completion of the practical side was for the period from (2012-2013-2014-2015-2016) being a period characterized by conflicts of financial instability (economic, political, security, social, environmental stability), so the deductive approach was followed for the side Theoretical, inductive and descriptive approaches to the practical side. Among the most important results of the research is the high rates of indicators of sustainability issues for the FNO101 banking standard for the years before the period of security stability fluctuation (2012-2013), where there was the beginning of economic recovery and the achievement of sustainable profits and revenues and their decrease for the year (2014-2015-2016) due to The security situation is unstable in the region, as there was a clear and disclosed negative impact of a period of economic recession and achieving zero profits and losses, after which a relative and gradual increase in profits and sustainable revenues was observed for the year (2017-2018), when an environmental and social economic recovery began again.

Impact of Green Banking Practices on Sustainable Environmental Performance and Profitability of Private Sector Banks

Sustainable environmental performance linked with profitability has been one of the brimming concerns in the worldwide scenario. Therefore, the current study aimed to examine the impact of green banking practices on the firm's sustainable environmental performance. Further, the impact of sustainable environmental performance on firms' profitability was also measured. A survey-based research design was employed by collecting data from Private sector bank employees of India. The data analysis was performed on the selected private bank employees collected from August 2022 to November 2022 by employing the PLS-SEM method with the help of smartPLS software. The study found a significant positive relationship between bank environmental performance and profitability. Consequently, green banking policy significantly influences the day-to-day operation and funding or investment in green projects. Specifically, the study hypothesizes that green banking practices lead to improved operational efficiency, increased funding and investment in green projects, enhanced sustainable environmental performance, and improved profitability for private sector banks. The results of this study contributed to the existing literature on green banking practices and provided insights for policymakers, bank management, and other stakeholders interested in promoting sustainable banking practices.

Ethical Considerations in AI-Based Marketing: Balancing Profit and Consumer Trust.

In the age of artificial intelligence (AI), marketing has evolved into a data-driven, personalized, and highly efficient discipline. AI-based marketing tools and algorithms offer businesses unparalleled opportunities to understand and engage with their target audiences. However, this technological advancement raises profound ethical questions regarding the intersection of profit-seeking and consumer trust. This paper explores the intricate relationship between ethical considerations in AI-based marketing and the delicate equilibrium between profitability and the preservation of consumer trust.The paper begins by delving into the ethical challenges that emerge as AI is integrated into marketing strategies. It emphasizes the importance of transparency and accountability in AI-based marketing practices. Highlighting the need for clear communication regarding data collection, AI utilization, and decision-making processes, the paper argues that transparency can serve as the cornerstone for fostering trust among consumers.Data privacy and consent form another critical aspect of ethical AI-based marketing. [1] It also stresses the need for robust data protection measures to safeguard customer information, thereby mitigating the risk of breaches and misuse.Balancing personalization with intrusion is a central theme, as AI enables hyper-targeted marketing campaigns. The paper underscores the importance of respecting user preferences and avoiding overly invasive tactics that may erode trust.AI-generated content is examined within the context of marketing ethics.Data security, customer profiling, accessibility, and ethical AI development are also discussed in detail as integral aspects of ethical considerations in AI-based marketing. It demonstrates that striking a harmonious balance between profit and consumer trust in AI-based marketing requires a proactive commitment to ethical principles. It advocates for responsible AI development, ongoing monitoring, and adaptability to evolving ethical standards. By adhering to these principles, businesses can maximize the potential of AI in marketing while ensuring that consumer trust remains a cornerstone of their success. Ultimately, the paper underscores the imperative for businesses to navigate the AI-based marketing landscape with a steadfast commitment to ethical considerations, thereby fostering enduring consumer trust and sustainable profitability.

ECONOMIC RESILIENCE AND THE METAL INDUSTRY: A QUALITATIVE EXAMINATION OF DHAKA'S METAL BUSINESSES IN RESPONSE TO FLUCTUATING ECONOMIC CONDITIONS

This study delves into the intricate interplay between the economic environment and Metal Industry’s profitability and growth. Metal Industry, a prominent steel manufacturing company, operates in a complex global landscape, necessitating a comprehensive understanding of economic factors that influence its trajectory. Through qualitative research methods, including interviews and document analysis, key personnel’s perspectives within the company were garnered. The economic environment’s role in shaping profitability and growth was scrutinized, uncovering critical insights. The study reveals that economic variables, encompassing inflation, interest rates, and exchange rates, exert a significant impact on production costs, demand dynamics, and pricing strategies. The company’s adaptive measures, as illuminated in response to economic trends and events, underscore its resilience and strategic agility. Challenges posed by factors like increased competition, raw material costs, and trade policy shifts were identified, alongside opportunities such as market expansion and sustainability initiatives. Ethical practices were highlighted as integral to the company’s approach, manifesting through sustainable production, regulatory compliance, stakeholder engagement, and responsible sourcing. The study’s findings provide a multi-dimensional perspective on how Metal Industry navigates economic complexities, proactively responds to challenges, and ethically positions itself for sustainable profitability and growth. The insights garnered contribute to a nuanced comprehension of the dynamic relationship between businesses and the economic landscape.

Centralized Decision Making in an Omnichannel Supply Chain with Stochastic Demand

With retailers increasingly adopting the omnichannel retailing model as a core strategy in their daily operations, this study investigates the impact of random demand on the omnichannel supply chain that employs a combination of the online channel, retail channel, and buy online and pick up in store (BOPS) channel, in light of the more stochastic market after the occurrence of COVID-19. To enhance the sustainable profitability of the omnichannel supply chain, this study considers price and lead time dependent demand with both known and unknown distributions, and establishes mathematical models to maximize profit under centralized situations. The study analyzes the variations in demand with lead time in the three channels and examines the effects of price and lead time on profit. Additionally, it investigates the interactions between price and lead time. Through numerical examples, the study illustrates the effects of the mean and variance of random demand on decision variables and examines the influence of potential demand and the sensitivity of lead time. Overall, this analysis provides valuable insights into the impact of demand randomness on the profitability of an omnichannel supply chain, highlighting the importance of considering price and lead time in the decision-making process.

What every manager should know about pricing

PurposeThe purpose of this paper is to provide a theoretically rigorous and practically relevant summary of research findings that enables managers to drive sustainable profits improvements via pricing. It showcases multiple case studies that demonstrate how companies can achieve higher-than-average profitability by implementing intelligent pricing strategies and tactics.Design/methodology/approachOver the past 20 years, this writer has conducted dozens of academic surveys with managers exploring the antecedents, moderators and consequences of pricing practices for existing and new products. The writer has analyzed all pricing research published in leading academic journals over the past decades. Finally, as equity partner of Hinterhuber & Partners, a pricing consultancy (www.hinterhuber.com), this writer – through collaborations with companies and workshops conducted with practicing managers – has collected data and insights on best practices in managing pricing as a strategic activity.FindingsPricing is the most powerful driver of superior profits, yet managers view pricing as relevant only in the context of innovation. This narrow view prevents companies from realizing their full potential. Best practice examples of pricing as well as rigorous academic research suggest that pricing based on solid scientific principles helps average companies to achieve above-average results. This paper presents a review of recent research and summarizes the fundamental principles that managers must master so that pricing becomes an enabler of lasting superior performance.Research limitations/implicationsAcademic research in pricing surpasses managerial practice. Managers often rely on outdated concepts when it comes to pricing strategy and tactics.Practical implicationsThe paper presents a framework that allows managers to implement pricing strategies that improve performance.Social implicationsEffective pricing strategies benefit companies, customers and other stakeholders.Originality/valueThe paper provides a comprehensive overview of the latest research on pricing and thus documents that pricing based on solid, scientific principles is an enable of lasting, above-average profitability.

Effect of Dopamine on Growth, Some Biochemical Attributes, and the Yield of Crisphead Lettuce under Nitrogen Deficiency

Nitrogen (N) represents the most important nutrient for plant growth and productivity, but extreme and ineffective usage of N fertilizer results in boosted plant production expenditures and environmental contamination. For the world’s sustainable food production and environmental profits, there has been increased research interest in reducing the use of N fertilization along with improving plant N deficiency (ND) tolerance. Dopamine (DA), a potential antioxidant, mediates several physio-biochemical processes in plants under normal or stressful conditions. However, their roles in increasing ND tolerance in crisphead lettuce are not well-documented. We investigate the role of DA concentration (0.50 and 100 µM) on the growth and yield of crisphead lettuce plants under ND. Under normal conditions (100% recommended N fertilizer dose), DA (50 and 100 μM) application significantly enhanced growth, chlorophyll concentration, N%, antioxidant enzymes activity, as well as yield and its components, decreased nitrate accumulation and oxidative biomarkers compared to untreated plants (0 μM DA). ND significantly decreased plant growth and yield attributes as well as evoked oxidative impairment and nitrate accumulation as compared to 100% recommended N fertilizer dose in the absence of DA. However, within ND conditions, the application of DA concentrations significantly mitigated ND-induced oxidative burst and improved plant growth, chlorophyll concentration, N%, nitrate concentration, peroxidase, catalase, superoxide dismutase, total soluble solid, vitamin C, dry matter %, and total sugars, over 0 μM DA treated plants. Current findings highlighted that exogenous application of 100 μM DA could reinforce the crisphead lettuce plant’s resilience to ND by minimizing reactive oxygen species accumulation and promoting enzymatic antioxidants alongside growth, yield, and quality improvement. The beneficial effects of DA in lessening ND’s drastic impacts on crisphead lettuce resulted from upregulating antioxidant enzyme activity, impairment of oxidative biomarkers, and maintaining chlorophyll levels. The current findings open pioneering prospects to reduce nitrogen fertilization by DA application without any drastic effect on plant productivity. But further research is needed to fully understand DA effects and their mechanisms in inducing ND tolerance in different plant species, including crisphead lettuce.

FINANCIAL PERFORMANCE OF ISLAMIC BANK IN MALAYSIA: DO BANK-SPECIFIC FACTORS MATTER?

Healthy, resilient and sustainable profitability is vital in maintaining the stability of the banking system. Research on a bank’s financial performance is an important tool towards improving performance, evaluating bank operations and determining management plans for the bank’s survival in competitive markets. Therefore, this study was conducted to fill a demanding gap in the literature by providing new and the latest empirical evidence on the determinants of the financial performance of Islamic banking institutions in Malaysia. The objective of this paper is to examine the impact of bank-specific factors on Islamic banks’ financial performance. The performance of Islamic banks is measured based on return on average assets (ROAA). An Ordinary Least Squares (OLS) panel data analysis on EViews 12 was used to analyse annual data from 16 Islamic banks in Malaysia for the period of 2012 to 2021. The results revealed that only bank size from bank-specific factors has a significant positive impact in determining banks’ financial performance. Therefore, this research can be a hint at how banks should plan and measure the direction of their operations and assets management in order to sustain their performance.

OPTIMIZATION OF SUSTAINABLE PROFIT IN THE CONSTRUCTION OF HALL STRUCTURES

The paper presents the optimization of the sustainable profit in the production of hall buildings. It focuses on single-story halls with either steel or timber frames. The discrete class of optimization is performed with mixed-integer nonlinear programming. The Modified Outer-Approximation/ Equality-Relaxation algorithm is used. Separate optimization models are developed for steel and timber structures, each with two different objectives: sustainable and economic profits, which are subjected to design and dimensioning constraints. The material costs of the structure are defined in detail, while the transportation, machinery and labor costs are calculated as a function of the material costs. The sustainable profit includes eco costs of global warming. A numerical example at the end of the article shows the optimization of sustainable and economic profits in the construction of a hall structure. The calculated sustainable and economic profits in the case of the steel structure are higher than the profits of the timber frame structure due to the high cost of glulam in the market. Nevertheless, the eco costs of global warming in the case of timber construction show a much smaller relative increase compared to the material costs.

Feasibility Analysis and Production Increase Strategy for Marine Ornamental Fish Agribusiness

The marine ornamental fish business has experienced significant growth every year in Indonesia. This study aims to conduct feasible business analysis for marine ornamental fish commodities at PT. Indotama Putra Wahana. This study aims to evaluate the financial feasibility and investment in the marine ornamental fish business by achieving maximum sustainable profits. The research was conducted from March to July 2023. Data collection was carried out using primary and secondary data using interview methods and direct field observations (PT. Indotama Putra Wahana, DKI Jakarta). Data were analyzed using NPV (Net Present Value), Payback Period, Profitability Index, IRR (Internal Rate of Return), and BEP (Break Even Point). The results show that the NPV of cash flows for 10 years with a discount rate of 20% has a Profitability Index of 1.2. This indicates that the marine ornamental fish business has promising prospects. Data analysis also shows that the payback period is 3.4 years, the Net Present Value is IDR 9.972.734.254, and the IRR (Internal Rate of Return) is 21.8% which exceeds the interest rate of 11.5%. Break Even Point (BEP) of IDR 1.489.913.724 or 8.343 fish. These values indicate that this marine ornamental fish business generates positive income or profits.

Key Performance Indicators for the Implementation of Strategic Plans

The effective functioning of organizations is directly related to the strategic changes that are carried out using the strategic planning system. The importance of strategic planning today is due, first of all, to a dynamic external environment, a high level of competition, and the need to have a strategic plan to achieve ultimate goals. Strategic planning is especially important in large organizations, as it determines the direction of their development and identifies activities that contribute to the achievement of the organization’s goals. At the same time, the following should be singled out as the most important tasks in choosing the direction of effective development of the organization: the development of a strategic vision and mission of the organization, setting goals and choosing the strategy itself. However, strategic planning should not be confused with planning, as strategic planning is the work on a coherent set of decisions that determine the place of an organization in its industry in order to create competitive advantage and sustainable profits. In turn, the correct alignment of the strategy of organizations will have a positive impact on regional incomes and, as a result, on filling the budget of the region and ensuring employment at its level. In general, strategic planning is high on the priority list of organizations that have faced strong pressure to adapt to the ever-changing environment around them, including factors such as new generations of technology, changing rules, market fluctuations and more agile competitors. As a result, one can imagine such a system of strategic planning in an organization that contributes to the achievement of its goals and provides competitive advantages. The article is devoted to the peculiarities of strategic planning and its role in the effective functioning of the organization. The article also discusses the reasons for the increased attention to the practice of strategic planning only from federal, but also from regional authorities. In addition, the article discusses performance indicators as a convenient tool for assessing and planning the organization’s activities, which form the basis of the strategic planning system.

Spatiotemporal patterns and vegetation forecasting of sunflower hybrids in soil and climatic conditions of the Ukrainian Steppe zone

Long-term studies of tillage and crop management are essential in finding out which crop production practices would contribute to sustainable yields and profits. In the conditions of climate change, such issues as selection, forecasting and adjustment of crop cultivation systems in the zone of moisture deficit and agricultural risk management are especially relevant. Therefore, the aim of the study was to establish spatiotemporal patterns of vegetative development of sunflower hybrids and predict their productivity in the soil and climatic conditions of the Ukrainian Steppe. A detailed analysis of seasonal changes in the values of the normalized difference vegetation index in sunflower hybrid crops during the 2019-2021 time period was carried out with the help of space images from the Sentinel 2 satellite device, and then processed with the ArcGis 10.6 licensed software product. The credibility of the achieved results of the condition of crops in different phases of plant vegetation on the basis of NDVI and the possibility of their use for forecasting the yield of agricultural crops have been proven. The adjustment capabilities of various sunflower hybrids to the STeppe soil and climate conditions were determined, particularly in regards of such hybrids as Oplot, Hektor, DSL403, P64GE133, 8X477KL. A model of the yield forecasting function for each sunflower hybrid was developed according to the annual level of moisture supply. The level of data approximation of the forecasting models was 97.2-99.9%. It is suggested to use system functional models developed specifically for different moisture supply and plant nutrition conditions in order to forecast of the yield of sunflower hybrids according to a particular situation. The results can be used to improve the methodology of researching the vegetation of agricultural crops, to validate crop rotation, to choose the best practical ways for the use of multifunctional growth-regulating substances, to define the climatic adjustment of cultivars and hybrids, to manage resources, to develop adaptive climate technologies in agriculture and crop production, to calculate their efficiency, to forecast the yield and to ensure the profitability of agricultural production in the moisture deficit zone and managing a high-risk farming

Business Growth Strategy of Personal Care Brand using VMOSA and Three Horizon Model (A Case of Evening)

Evening, a mindful living personal care brand, seeks to overcome challenges in product innovation following the success of their Aromatherapy Eye Pillow. Despite having a loyal customer base, recent introductions like Scented Candles and Soap Bar have failed to gain significant traction. To address concerns about the product life cycle and ensure sustained growth and profitability, Evening conducted research using various analytical tools including RBV, Value Chain, PESTLE, and Porter 5 Forces. The findings were analyzed through the VMOSA framework to develop a vision and mission statement, and the Three Horizon Model was utilized to align objectives, strategy, and action plans. This integration allows Evening to balance current operations with future growth, fostering innovation, resource optimization, and alignment with long-term objectives. Analysis of Evening’s current state indicates the need to explore new business opportunities as the current model becomes less effective. To attract customers seeking research-backed offerings and overcome competition in the oversaturated skincare industry, Evening must venture beyond small-batch products. The key areas for innovation identified are: 1) creating products and experiences catering to shared wellness activities and embracing slow beauty and slow living, 2) incorporating multisensory integration to enhance consumer well-being outcomes, and 3) embracing personalization and technology by leveraging AI-driven solutions. To implement this growth strategy, Evening should consider recruiting a business partner, collaborating with a marketing agency, and creating a portfolio of new business ideas.

FOOD DELIVERY SERVICE: THE EFFECTS OF PERCEIVED QUALITY, PERCEIVED EASE OF USE AND PERCEIVED VALUE TOWARDS CUSTOMER SATISFACTION

Consumers and distributors have benefited from the food industry just as much as food producers have. Nowadays, an online food delivery system is essential due to recent advances in the industry and the increased internet usage. Understanding the key success factors that contribute to sustainable growth and profitability in this space is essential for businesses looking to succeed in this rapidly evolving market. While there are many benefits to ordering food online, there are also several issues that need to be addressed. The objective of this study is to determine the critical success factors of the online food delivery service towards customer satisfaction. Total of 306 people that have experienced using the online food delivery system were surveyed from January till May 2022, and questionnaire were analysed by using the SPSS. Findings show that perceived quality, perceived ease of use and perceived value have positive relationship towards customer satisfaction. It is seen as opportunities for service providers to reap the benefits of recurring earnings from consumers by providing fast delivery, good meals, and fair promotions.

Supply chain modelling in organic farming for sustainable profitability

Supply chain modelling in organic farming for sustainable profitability

Regional dynamic co-management for sustainable fisheries and ecosystem conservation: a pilot analysis in the Catalan Sea

The complexity of coastal fisheries, which often involve many gears with cross-impacts on various species and life stages, requires a management system that is able to integrate these multiple interactions in order to gradually achieve sustainability. In this paper, we argue that regional co-management can appropriately address the complex interactions between fisheries, including those with other potentially conflicting human activities. Our results, notably obtained through a questionnaire to local fishers’ representatives mainly on bottom trawl fisheries in the Catalan Sea region, show, however, that improved mutual understanding through effective communication and long-term collaboration between stakeholders, and in particular between fishers and scientists, is essential to ensure the successful implementation of fisheries co-management. In addition to balancing the voices of the many stakeholders, co-management needs to be further improved by developing multi-species, multi-gear and multi-use approaches to the oceans. This improvement could in turn support the effectiveness of co-decisions, as they would be based on the recognised administrative structure of co-management committees and sound scientific guidance that addresses both ecosystem protection and sustainable fisheries profitability. Dynamic management over time and space, using real-time essential fish habitat from operational oceanography, can help to make the co-management process more robust by improving collaboration between stakeholders and the effectiveness of measures in a changing environment. The decision-making, social and ecological components are described as integral and dependent parts of the co-management system, with priority given to mutual understanding between stakeholders. This integrated co-management framework is flexible enough to take into account regional complexity, but also national legislation and the EU Common Fisheries Policy, which all promote sustainable use of the oceans and protection of the ecosystem.

Enhancing Industrial Production Quality Through Innovations and System Improvements in Paving Block Manufacturing

The paving block industry in Aceh Besar District has experienced significant growth, leading to intensified competition among industry players. Thus, it is essential to introduce innovations in product development and operational procedures within the paving block industry to address this challenge. This community service initiative empowers partners to enhance their production systems and elevate the quality of their paving block products. The approach includes training on production procedures, guidance on standard paving block manufacturing protocols, and support in refining marketing techniques. As part of this initiative, partners have incorporated glass waste as a partial replacement for natural sand in their paving block products. This community service have demonstrated positive results, including increased sales production and improved knowledge of the paving block manufacturing process among partners. The sales volume of partner products has notably risen, with production reaching 5,720 and 8,920 units in January and May, respectively. Moreover, partners have observed sustained profit growth, experiencing a significant increase of 57.35%. These findings underscore the success of integrating glass waste as an alternative material, enabling partners to reduce production costs while maintaining product quality

Pengaruh Tata Kelola Perusahaan dan Struktur Kepemilikan Terhadap Persistensi Laba Perusahaan Properti di Masa Covid-19

Profit persistence refers to a stable and sustainable profit trend in the future. The purpose of this study is to analyze and test the effect of the composition of the board of commissioners, audit committee, and managerial ownership on the persistence of profits in property companies during the Covid-19 pandemic. The data analysis method used in this study is descriptive statistical analysis, and inferential statistical analysis using multiple regression to test the research hypothesis. The results showed that (1) the composition of the board of commissioners proved to have no significant effect on the persistence of earnings in LQ45 index property companies during the Covid-19 period. (2) The Audit Committee has been proven to have no significant effect on the persistence of earnings in LQ45 index property companies during the Covid-19 period. (3) Managerial Ownership has been shown to have no significant effect on the persistence of earnings in LQ45 index property companies during the Covid-19 period. Profit persistence is influenced by several factors, but one of them is corporate governance.

Intellectual Capital and a Firm’s Sustainable Performance and Growth before and during the COVID-19 Crisis: A Comparative Analysis of Small and Large European Hospitality Firms

This study explores the critical role of intellectual capital (IC) in ensuring the sustainable performance and growth of European hospitality firms, both large and small, during the unprecedented COVID-19 crisis. Based on an extensive analysis of data from 42,516 accommodation, food, and travel sector firms operating in 18 EU countries during 2012–2021, this research provides crucial insights into the differential impacts of human, structural, and relational IC on profitability and asset growth. The results show that human IC positively affects SMEs’ profitability, while relational IC benefits both small and large firms. On the other hand, structural IC negatively impacted asset growth for both SMEs and large firms before the crisis but had no impact during the crisis. This study offers crucial insights for policymakers, investors, and business leaders alike, emphasizing the importance of investing in human and relational IC as key drivers of sustainable growth and profitability in the hospitality industry. The findings of this study will help firms better navigate the challenges and uncertainties of crises, such as COVID-19, ensuring their long-term viability and success.