Today's Business World Research Articles

Case assessment and identification of pharmaceutical supply chain performance measures and metrics

A lot of attention has been paid to performance measurement during the past few decades. There are several reasons for utilizing performance measurement in a business, but the most important one is that, when done right, it will increase productivity. Productivity is crucial to a business’s capacity to compete and generate long-term profitability while providing required customer service. A firm will not last in the fierce business world of today if it cannot use its resources effectively to provide value for its consumers. This is especially important for public companies with limited public investments. The creation of adequate and completely usable performance assessment systems, or sets of measures, has, nevertheless, proven to be a very difficult process. This research has focused on the identification of key performance measures and metrics, on which there is still no common understanding. It focuses on identifying the outbound logistical aspect of the pharmaceutical supply chain’s performance measures and metrics. The study is mainly based on previous studies and opinions of the case company’s management staff. Based on a review of previous studies on and discussions with the management staff of the case company, performance measures for a pharmaceutical supply chain (focusing on inventory management and distribution activities) are identified and categorized into quality, time, financial, and productivity measures. Quality measures are observed to be the most crucial metric while assessing pharmaceutical supply chain performance. The case company’s management can utilize the study as a base to develop their own performance measurement system.

Evidence of ethics and misconduct in a multinational corporation: motives for growth of corrupt environments in today's business world

Evidence of ethics and misconduct in a multinational corporation: motives for growth of corrupt environments in today's business world

ART AND TOOLS OF ECONOMIC STATECRAFT

The primary focus in today's business world revolves around geopolitical risks. While the use of economic instruments in foreign policy is not a novel phenomenon, in recent years their large-scale use in an increasingly interconnected and globalized world, has created fresh challenges for the development of the world economy. The use of such measures is known in literature as "economic statecraft". The paper examines the concept of economic statecraft, its evolution and tools in contemporary circumstances.

Innovative types of strategy applied in businesses and example from application

Innovative types of strategies applied in enterprises are more in focus in today's business world. These types combine the different goals and objectives of businesses, resulting in innovation and creativity. Innovative strategies include the use of various new ideas, technologies and services provided to customers and their application in various business areas of the enterprise. These types create new values for the enterprise's customers or investors and increase their competitiveness. Several examples can be given for enterprises in the application of innovative strategies. For example, Apple has successfully implemented innovative strategies in the field of technology by introducing new products such as iPhone and iPad. This strategy increases Apple's investment value by providing innovation to customers. Also, Amazon, characteristically, applies an innovative strategy in the presentation of online stores. Amazon leverages technology to make customer orders faster and easier. This type of innovative strategy improves the customer experience in the shopping process and increases the likelihood of repeat orders.

The Effect of Service Quality on Customer Satisfaction at At the National Bank in Indonesia

Banks are financial institutions that serve as places to store funds from banks, government and private agencies, as well as individuals and carry out credit activities. Various services provided by banks are to serve financing needs and to launch a payment system mechanism for the economic sector. Service quality is one of the key factors for the success of a bank as a service company and it cannot be denied in today's business world, because there is nothing more important for a bank than overcoming the problem of customer satisfaction and satisfaction through service as one of its business commitments. The purpose of this study was to determine whether service quality affects customer satisfaction at a national bank in Indonesia. The number of samples in this study were 89 people. From the results of the overall validity test of statement items between the service quality variable and the satisfaction variable it is declared valid because the value of rcount > rtable. The simple linear regression results show that the service quality variable has a significant effect on the satisfaction variable.

Ant Colony Optimization Ant Colony Optimization untuk menyelesaikan perutean distribusi Snack dengan Vehicle Routing Problem

One of the main challenges faced by the community in their daily activities is the problem of transportation. Transportation of goods and services is an important topic that attracts the attention of the business world today. Closely related to the transportation sector is the Vehicle Routing Problem (VRP).
 The VRP variant used in this study is the Capacitated Vehicle Routing Problem (CVRP) which uses the capacity limit of the vehicle used. CVRP is used to minimize the distribution route of goods at IKM Snack FITRIA located in Sidoarjo. The problem of distribution at IKM Snack FITRIA is how to manage the route of shipping goods from the warehouse to a number of shops/customers scattered in various places in Surabaya, Sidoarjo and Gresik efficiently. This research includes planning the route of each transport vehicle in delivering products to consumers spread over several points originating from one depot. The vehicle in one day sends goods from the warehouse to the customer with one delivery. While the algorithm used is Ant Colony Optimization (ACO). ACO is used because it is able to show the best route for the optimal solution of 98%. And get a minimum total mileage with a low level of variance.

Determinants of Venture Capital Investments in Tech Start-UPS

Tech start-ups and, especially, unicorns have become a hot topic of today business world. Significant amounts of money have been invested in this sector by venture capital funds in the hope of a good return. However, the criteria and determinants of these investments are fuzzy, and the author has identified a gap in the scientific literature. Therefore, the objective of the present paper is to discover the determinants of venture capital investments in tech start-ups. Based on a secondary dataset, a multifactorial regression model is proposed that explains the appetence for investment of venture capital funds into tech start-ups. The model shows that the amount of funding in start-ups will increase as the number of unicorns and exits strengthens.

PENGARUH TAGLINE DAN BRAND AMBASSADOR TERHADAP BRAND IMAGE PRODUK NATURE REPUBLIC DI OUTLET TUNJUNGAN PLAZA 6 SURABAYA

The industrial sector plays an important role as the main driver and support for the national economy. Strategies to promote products in today's business world to be more creative. The purpose of the study was to determine and simultaneously analyze the influence of Tagline and Brand Ambassador variables on the Brand Image of Nature Republic products. This research used quantitative research methods. In collecting the data, this research uses a questionnaire, the source of the data taken is primary data. Research population of consumers of Nature Republic products at Outlet Tunjungan Plaza 6 Surabaya. To obtain maximum results, the sample taken is 100 respondents to consumers who have purchased Nature Republic products at the Tunjungan Plaza 6 Surabaya Outlet. The sampling technique in this study used non-probability sampling. Classical assumption test consists of Multicollinearity Test, Autocorrelation Test, Normality Test. The analytical technique used in this research is using multiple linear regression analysis. The conclusion of this study is that the Tagline and Brand Ambassador variables simultaneously and partially have a significant effect on Brand image

OPPORTUNITIES & THREATS IN GENERAL INSURANCE INDUSTRY, A CASE IN INDONESIA

The purpose of this study is to discuss the opportunities and threats in the general insurance industry. Departing from the idea that competition in today's business world is getting tougher, every business actor needs to implement an appropriate and effective strategy so that the company continues to exist and even grow. An organization without a strategy, is like doing business without direction, there is no clear identification of ways to achieve goals. So that the success of victory which is the ultimate goal is difficult to achieve. Success is the fruit of strategic planning that is mature, measurable and reachable based on the facts of the resources available in the team and the challenges faced in competition. Thus, in the business world, the application of strategic management inevitably plays an important role for the success of the company. By combining opportunities and threats from the external business environment with the company's internal strengths and weaknesses, a corporate strategy will be created that is responsive to its business environment. So that the company is expected to be able to win market competition and achieve sustainable performance. The writing closed with conclusions and suggestions for further research.

OPPORTUNITIES & THREATS IN GENERAL INSURANCE INDUSTRY, A CASE IN INDONESIA

The purpose of this study is to discuss the opportunities and threats in the general insurance industry. Departing from the idea that competition in today's business world is getting tougher, every business actor needs to implement an appropriate and effective strategy so that the company continues to exist and even grow. An organization without a strategy, is like doing business without direction, there is no clear identification of ways to achieve goals. So that the success of victory which is the ultimate goal is difficult to achieve. Success is the fruit of strategic planning that is mature, measurable and reachable based on the facts of the resources available in the team and the challenges faced in competition. Thus, in the business world, the application of strategic management inevitably plays an important role for the success of the company. By combining opportunities and threats from the external business environment with the company's internal strengths and weaknesses, a corporate strategy will be created that is responsive to its business environment. So that the company is expected to be able to win market competition and achieve sustainable performance. The writing closed with conclusions and suggestions for further research.

Effect of COVID-19 Stay at Home Requirement on Household Incomes in Uasin Gishu County, Kenya

Pandemics are not a new phenomenon since they have happened numerous times throughout human history. Due to the globalization and interconnectedness of the business world today, the steps taken by governments around the world to stop the Corona Virus Disease 2019 (COVID-19) from spreading resulted to minimal movement of people and products, impacting business activities in Kenya. Although COVID-19 containment measures including stay at home requirement contributed to the reduction of coronavirus infection globally, household incomes were at risk due to the pandemic’s effects on business operations and economic activities. The study sought to analyze effect of COVID-19 stay at home requirement on household incomes in Uasin Gishu County, Kenya. The study was anchored on the relative income theory which guided the specification framework. An explanatory research design was adopted based on 304, 943 households with a sample of 399. The data was collected using structured questionnaires issued to household heads using simple random sampling. Correlation results indicated a strong negative significant correlation between stay-at-home requirement and household income . OLS results indicated that stay-at-home requirement coefficient had a negative significant effect (β=-0.343,p=0.00<0.05)on household income. The study concluded that COVID-19 stay at home requirement affected household incomes for Uasin Gishu County, Kenya households suggesting that the restrictions imposed to curb the menace extensively led to job loss and reduction in income.

Investigation of Teacher's Role and Task on the Basis of Social Emotional Learning in After-School Coding Courses

After-school courses include programs in which students participate voluntarily according to their wishes and interests. In after-school coding course, which is one of these programs, block-based coding tools are studied and practiced in small groups in general. These courses have many positive effects, such as increasing the students' school performance and supporting their positive attitudes. In addition, social emotional learning, which covers the features desired by today's business world, can be supported by these courses. In literature, there are studies on the role and tasks of the teacher in formal education; however, there are no studies on determining the roles and tasks of the teacher in after-school courses. This study aims to examine the role and tasks of the teacher in the coding courses after school based on social emotional learning. For this purpose, one-on-one and focus group interviews were conducted with seven teachers who gave after-school coding courses. Content and frame analysis were performed on the obtained data, and three themes emerged: peer relations, self-regulation, and task consciousness. As a result of the study, it was seen that teachers fulfill the roles of observer, communicator, manager, counselor, organizer, and supporter.

Related Party Transactions and Firm Value in Indonesia: Opportunistic vs. Efficient Transactions

Related party transactions (RPT) are a common transaction conducted among companies and are the focus of the business world today. The purpose of this study is twofold, as follows: first, to provide empirical evidence for whether the RPT of related party loans in manufacturing companies in Indonesia is an opportunistic transaction or an efficient transaction, and second, to provide evidence for whether there are differences in company perspectives before and during the COVID-19 pandemic. This study employs data from all manufacturing companies listed on the Indonesia Stock Exchange (IDX). The data analysis techniques include descriptive statistical and hypothesis testing. The results of this study in the period 2018–2021 show that RPT has a positive effect on company value. During this period, that is, the years prior to the COVID-19 pandemic, RPT had a negative effect on company value. In contrast, the 2020–2021 period (during the COVID-19 pandemic) shows the opposite result: RPT has a positive effect on company value. The results of this study suggest that in the 2018–2021 and the pandemic period (2020–2021), companies conducted RPT for efficiency purposes, while prior to the pandemic (2018–2019) RPT was conducted for opportunistic purposes.

Pengaruh Product Brand Loyalty dan Purchase Decision Sepeda Motor:

This research is testing the influence between product brand loyalty and automotive customer purchasing decisions. The study focused on a comparative analysis of two well-known motorcycle brands, namely YAMAHA and HONDA and the various influences on loyalty. A cross-sectional quantitative research design was used in this study. In today's competitive business world, now most of the marketers and manufacturers of various brands have faced many variables in which they can not only influence the purchasing decisions of their customers but also secure their buying preferences. The variables used and relevant to this research are product brand loyalty, perceived quality, price, and purchasing decisions. The findings of this study indicate that these variables play an important role in improving the purchasing decisions of automotive customers and hence, increasing sales, growth and profitability of automotive companies. These companies end up building long-term relationships with their current and future car users by building strong brands.
 Keywords: Product Brand Loyalty, Purchase Decision, Price Perception, Quality, Automotive Industry

Historical Perspective of Auditing and Professional Accounting Development in Nigeria

Auditing as a profession has come of age. It is an independent service that lends credibility from the outset to the report that a representative presents to his or her client. In today's business world, the role of credibility is even more important as ownership is diversified and ownership and control are separated. However, the financial scandals of recent years have led the public to question the credibility of auditing. The periodic and backward-looking approach to auditing is becoming ineffective in light of the global financial debacles of recent years, changing investor information needs, technological advances, and real-time processes in the corporate landscape. The study sought to examine the history of auditing and the evolution of the auditing profession in Nigeria in light of the ongoing change in public expectations. The study was purely exploratory, using desk research without any fieldwork. The data used were from secondary sources and were obtained through documentary survey. The findings of the study revealed that the role and objectives of auditing have always changed in response to circumstances such as financial scandals, court judgments, health threats such as the COVID 19 pandemic, and technological developments in the business environment. In Nigeria, government laws and government regulatory bodies play an important role in the development of the auditing profession. Nevertheless, the responses of the auditing profession have not kept pace with the real-time economy of today's businesses. Some audit approaches and techniques appear to be outdated, especially in developing countries like Nigeria where most audit firms are relatively small. Auditing of the future, therefore, must move from efficiency to effectiveness. There should be a paradigm shift from reactive to proactive audit approaches. Manual auditing is no longer relevant in a sophisticated digital environment. Auditors must close the technology skills gap to be effective. Future audit models will require auditors, regulators, and standard setters to address current challenges in audit timing and frequency, technology and analytical skills gaps, testing and sampling procedures, materiality and independence concepts, and audit data standard delivery.

Tax-subsidy or reward-penalty? Determining optimal strategy in sustainable closed-loop supply chain under quality-dependent return

In today's competitive business world, focusing solely on financial considerations can limit market demand in any industry. Keeping this in mind, this study deals with a sustainable closed-loop supply chain (CLSC) comprising an environmentally conscious manufacturer, a retailer, and a third-party collector (TPC) under the influence of government intervention. The manufacturer offers a return policy for the defective product up to a certain time, and the TPC offers an acquisition price to consumers for returning their used products. The government can offer no intervention or a tax-subsidy policy in the forward logistics, or a reward-penalty mechanism (RPM) in the reverse logistics, or both. Relying on different government policies, four models are developed first. After that, two collaborative models, viz. manufacturer-retailer collaboration and manufacturer-TPC collaboration, are developed for improving channel performance under the manufacturer-led Stackelberg gaming approach. Numerical results disclose that the government subsidy to consumers provides better functionality to channel individuals, consumers, and the environment. If the government considers imposing a tax, the RPM can help to improve channel execution marginally. A collaborative strategy between the manufacturer and the retailer under government taxation and RPM becomes the most efficient strategy for enhancing the triple bottom line of sustainability.

PERANCANGAN SISTEM INFORMASI PENYEWAAN ALAT BERAT BERBASIS WEB PADA PT. ORANG KREATIF EKSIS TANGERANG


 Creative people exist is a company engaged in land transportation services, initially named UD. Creative. and change CV. Creative move forward together. Founded in early 1989 by Mr. Gobang Wijaya, he has more than twenty years of experience handling transportation and supply of finished goods or raw materials to Jabodetabek and Sumatra. Reservations and receipts of equipment rental orders are still running manually, in ordering equipment rental customers must come directly to the location, this results in limited time for customers to make tool rental orders and very small opportunities for companies to get orders outside working hours. In the midst of intense competition in the business world today, the Company is required to create opportunities to be superior to its competitors. In order to maintain trust and to increase the company's competitiveness, PT. Existing creative people must improve service to customers by fixing problems that often occur in implementation related to leasing at this time. The purpose of this study is to enable customers to place orders for tools remotely without being limited by distance and time. Facilitate companies in disseminating information about tool products offered to customers globally. This research was conducted using data collection methods (observations, interviews, literature studies). The design of the systems used in this research is using the Waterfall method. The designer of the heavy equipment rental information system uses the PHP and MySQL programming languages ​​as the database. The result of this research is an application of a web-based heavy equipment rental information system. With the rental information system is expected to provide convenience to PT. Creative people exist in carrying out their business activities related to leasing.

The Influence of It on The Development of Contemporary Competences of Public Sector Employees in Bih in a Changing Working Environment

In the business world of today, most activities are connected to informational technologies. They enable and facilitate business, but with action and adequate use of these technologies by people. Nowadays, we increasingly talk about the ability to adapt to changes in the working environment and the use of human capital. One of the most important requirements placed before business organizations are the capability to manage information technologies. It includes the entire package of knowledge, skills, and abilities of employees in organizations, in order to master the requirements of changeable information technology and complete the goals of its organization. Basically, it includes informational technologies, i.e., digital competences connected with lifelong learning, and adaptation of employees and their organizations to novelties that informational technologies continuously bring. As one of the contemporary scientific approaches, this paper uses the indicators of adaptation to changes in the business environment, i.e., human capital subject to continuous learning and informational technologies, the process of adaptation to changes, which turns the crucial business competences into contemporary ones. Mutual connection of these parameters in business concept has shown openness of organizations to contemporary business and work. Although the sample of research in this paper included public institution, not companies, the research itself is of great importance, given that there have been no similar approaches in Bosnia and Herzegovina so far. The research, through surveys of government officers, has shown that the influence of informational technology on the working environment and business organization in which government officers work is evident, as well as that the environment needs contemporary competences that include a set of digital competences, continual learning, and numerous other elements in business. The conclusions of this paper are shown that is necessary for continual monitoring and specialization of government officers in the area of use of informational technologies in everyday business. The recommendations round out the process of contemporary approach and future comparison; in order to realize business results in their organizations due to certain competences.

How Faith Affects the Leadership of U. S. Family Firm Owners

How does faith matter in today's business world? Family businesses are the dominant organizational form globally. Yet, religion in family firms has been under-researched for many years, with only limited articles published in the past two decades. While our study focused on the Christian faith, we recognize the contributions of other religions to family businesses. The significant influence of faith needs to be better understood by Christians and others alike to promote harmonious relationships within and between faith groups. In a qualitative study, we examine the utilization of faith-led values among the owners of 15 U.S. multigenerational family firms, using a grounded theory approach and the theoretical lens of family systems theory. We analyzed the reported perceptions of 33 family firm owner-manager and family-manager respondents, focusing on the impact of faith on relationships with stakeholders, including, but not limited to family members, employees, and customers. These perceptions were based on the respondents' faith, their practice of prayer at work, prayer for the business, and the acknowledgment of God's power. Therefore, we propose that a faith system is central for such family firm leaders in addition to the family, business, and ownership systems. We depict the faith system as the hub of a wheel with spokes representing the family, business, and ownership systems driving the family firm. We summarize our findings with six propositions.

IoT Based Smart E-Waste Management System

Abstract: In today's busy world time is a vital issue which can't be managed by noticing each and every phenomenon with our tight schedule. So now a day's Automatic systems are being preferred over manual system to make life simpler and easier in all aspects. To make it a grand success Internet of Things is the latest internet technology developed. The number of users of internet has grown so rapidly that it has become a necessary part of our daily life. Our matter of concern in this project is development of Internet of Things based E-Waste Monitoring System[5]. As the population of world is increasing day by day, the environment should be clean and hygienic for our better life leads. In most of the cities the overflowed E-Waste bins are creating an obnoxious smell and making an unhygienic environment. And this is leading to the rapid growth of bacteria and viruses which are causing different types of diseases. To overcome these situations efficient E-Waste collection systems are getting developed based on IOT. Various designs have already been proposed and have advantages as well as disadvantages. This paper is a review of E-Waste Monitoring System based on IOT[5].