Today's Competitive Environment Research Articles

IMPACT OF EMPLOYEE SKILL DEVELOPMENT PRACTICES ON EMPLOYEES JOB SATISFACTION AT (THE AEC ASSOCIATES)

This master thesis of Strategic Human Resource (HR) Management, focusing on Impact Of Employee Skill Development Practices On Employees Job Satisfaction. This research explores the relationship between employee skill development practices and job satisfaction within the context of “THE AEC ASSOCIATES” Noida, a leading organization in its industry. In today's competitive business environment, organizations recognize the significance of investing in their employees' skill development to faster a talented and motivated workforce. Likewise, employee job satisfaction remains a crucial determinant of organizational performance and employee well-being. The study employs a mixed-methods approach, combining quantitative surveys and qualitative interviews, to examine the existing skill development practices at THE AEC ASSOCIATES Noida and assess their impact on employee job satisfaction. Quantitative data analysis includes descriptive statistics, correlation analysis, and regression analysis, while qualitative data from interviews is analyzed thematically. Findings indicate a positive correlation between effective skill development practices and employee job satisfaction. Employees who perceive their organization's investment in their skill development positively exhibit higher levels of job satisfaction. The study also uncovers key factors influencing employee satisfaction, including the availability of training programs, career advancement opportunities, and supportive organizational culture. The research offers practical implications for HR practitioners and organizational leaders, suggesting recommendations for enhancing employee skill development practices to improve job satisfaction. By understanding the dynamics of skill development and job satisfaction, organizations like THE AEC ASSOCIATES, Noida can optimize their talent management strategies to foster a culture of growth, engagement, and fulfillment, thereby positioning themselves for sustained success in a dynamic business landscape.

Business digitalization: international experience

At the current stage of the development of the world economy, the relevance of digital transformation under the conditions of increased international competition both at the level of individual businesses and at the level of entire sectors of the economy forms a growing interest in the problems and prospects that become possible within the framework of the digital economy. The world is gradually moving to a digital format in the development of information and communication technologies. The penetration of digitalization in different countries differs in the degree of influence on economic development and the variety of business schemes. Digitization allows not only the improvement of existing business models and changes in business processes but also the significant boost of business and new competitive advantages. The digital transformation of international business significantly contributes to sustainable economic growth, increasing the competitiveness of primary industries and innovative sectors of the economy. Digital technologies allow business entities to automate simpler processes and eliminate intermediate stages in more complex processes, thanks to which the flexibility of companies is significantly increased, and they can now use their resources much more efficiently. Digital technologies are even becoming mandatory for many businesses operating in today's competitive environment, significantly saving time and avoiding unnecessary costs. Digital transformation is becoming integral to modern business, growing from a concept to an essential strategic component. This process covers implementing modern digital technologies and changing the organization's business processes and cultural aspects to improve the company's efficiency, innovation, and competitiveness. However, digital transformation also presents its challenges. The need for changes in organizational culture, training employees in new technologies, implementing data privacy, the impact and politics of social inequalities, accounting for changes in the labor market, and cyber security risks require attention and resources. Digital transformation is not only the introduction of technologies but also a change in thinking and approaches to business. It allows companies to become more efficient, innovative, and adaptive, a critical factor for successful competition today. Keywords: digitization, security, technology, business, transformation.

The Impact of Employees’ Health and Well-being on Job Performance

In today's competitive business environment, companies are constantly seeking strategies to enhance employee performance. Despite various efforts, a crucial aspect often overlooked is the direct impact of employees' physical and mental health on their productivity and overall contribution to the organization. The World Health Organization emphasizes that mental and physical well-being are inseparable, and both are essential for an individual's ability to handle stress, work efficiently, and contribute positively to their workplace. When employees are healthy and mentally sound, their motivation, focus, and job satisfaction naturally increase, leading to fewer sick days and enhanced job performance. Additionally, companies that prioritize their employees' well-being often report better job satisfaction and improved overall performance. This paper delves into the research highlighting the significant effects of employee health and well-being on job performance, advocating for a long-term approach that balances work and life for sustained organizational success and employee satisfaction.

A multi-level production-inventory-distribution system under mixed make to stock, make to order, and vendor managed inventory strategies: An application in the pulp and paper industry

In today's competitive environment, most companies tend to adopt a hybrid manufacturing strategy to provide more reliable services to a wide range of customers. Based on a real-world case study, we investigate a customer-wise production-inventory-distribution system in a multi-level supply chain. Within this system, at a tactical planning level, the decision concerning the production strategies including make to stock (MTS), make to order (MTO), or vendor managed inventory (VMI) strategy, to choose for each customer is made, and then at the operational planning level, the production, inventory, and distribution activities are coordinated according to the strategy assigned to the customers. The objective is to optimize the total cost while the VMI customers are timely satisfied and the target service level for MTO customers is respected. Furthermore, the purchase acceptance rate for MTS customers can be controlled to enhance capacity utilization. We develop a rolling horizon planning approach to deal with the dynamics of customers' demands under different forecasting scenarios. We perform numerical experiments under both static and rolling horizons based on adapted data from a real-world application from a Canadian pulp and paper industry. The results reveal that customers placing smaller orders are classified within the VMI strategy to mitigate potential delays. Conversely, MTS customers are predominantly characterized by larger order quantities. A sensitivity analysis of key problem parameters demonstrates that the backorder cost for MTO customers can effectively influence the strategy allocation. Moreover, our results underscore the notable influence of sales prices on the distribution of customers among strategies.

Impact of employee silence on organizational performance: A case from Mogadishu universities

Organizational performance is crucial for success in today's competitive environment. This study focuses on how employee silence affects organizational performance in Mogadishu's universities. It aims to explore three factors: the impact of employee voice, fear of retaliation, and communication climate on organizational performance. The research employed a quantitative methodology, using descriptive and correlation designs. Data was gathered through an online questionnaire from 234 respondents across both public and private universities in Mogadishu. The findings indicate a positive relationship between employee voice, fear of retaliation, communication climate, and organizational performance. The study concludes that these factors positively influence employee performance in the universities studied. It highlights the need for a culture that supports employee voice, clear policies against retaliation, and transparent communication climates in higher education. These measures are vital for organizational leaders and policymakers to improve performance and tackle issues related to employee silence in educational settings. The study suggests creating a work environment that promotes open communication, addresses fear of retaliation, and supports employee voice, which could enhance organizational performance in Somalia's higher education sector, particularly in Mogadishu's universities.

Unveiling the Dynamic Connection: How Work Motivation Shapes the Pulse of Your Work Environment - Insights from the Pharma Horizon

In today's competitive business environment, organizations strive to enhance the performance of their employees in order to achieve their goals and gain a competitive edge. In this study, we aimed to investigate the impact of work motivation and the work environment on employee performance at PT XYZ. Our method of choice was quantitative, with employee performance as the dependent variable and work motivation style and work environment as independent variables. To gather data, we issued a questionnaire to 53 workers at PT XYZ and subsequently analyzed the data using IBM SPSS and the multiple linear regression analysis method. Upon processing validity and reliability tests, we conducted hypothesis testing and found that work motivation has a positive and significant effect on employee performance. However, the work environment was found to not be significant on its own, but it still exhibited a positive impact on employee performance. These results provide valuable insights for organizations looking to improve employee performance, suggesting that focusing on work motivation can yield significant benefits. On the other hand, while the work environment may not be directly significant, its positive impact indicates that it should not be overlooked in efforts to enhance employee performance. In conclusion, these findings shed light on the importance of understanding and cultivating work motivation in the workplace, while also emphasizing the supportive role of a positive work environment.

Upholding the Strategy on Hiring Employee under Meritocracy Procedure towards a Refined Performance

In today's competitive business environment, companies are constantly searching for novel recruitment and retention strategies. Recruitment and selection of employees are essential components of this process due to their direct impact on a company's overall performance and growth. Numerous companies have instituted a meritocracy system to ensure that the hiring process is equitable, efficient, and in line with company objectives. A meritocracy is a system that emphasizes the significance of individual merit and performance in determining whether or not someone is hired or promoted. It promotes the notion that rewards should be distributed based on a person's abilities, skills, and achievements, as opposed to bias, partiality, or personal relationships. By enforcing a meritocracy method and fostering a culture of justice, openness, and equal opportunity, organizations strive to create a level playing field for all applicants. In government agencies, unfair employment practices pose a serious problem. Consequently, the researchers propose to contribute to this issue by preserving the meritocracy recruiting method, which addresses a variety of issues such as employee comprehension of meritocracy and its consequences. The significance of enhanced performance and the enormous difference it can produce if not executed properly. A meritocracy method is one in which candidates are recruited, chosen, employed, and promoted solely based on their merit. This incorporates suitability for work and merit, with the aim of eradicating unethical employment practices and fostering effective job performance that contributes to the development of one's own community. The study investigates the importance of maintaining the practice of selecting personnel on the basis of merit. It will examine the many facets of this strategy, including its benefits, drawbacks, and prospective effects on organizational performance.

Using modern theories of motivation in the practice of personnel management

In a fast-changing world and a competitive business environment, effective personnel management is becoming a critical element of any organization's success. One of the key components of modern personnel management is motivation, which determines the degree of involvement and commitment of employees to the achievement of the company's goals. The essence and role of motivation determine the success of the management strategy and affect the effectiveness of the organization. The article examines the importance of effective personnel management in today's competitive environment and highlights its key aspect – employee motivation. The authors examine modern theories of motivation, such as Maslow's need theory, McGregor's theory «X» and «Y», Vroom's expectancy theory, and equity theory. It is considered how these theories can be used in personnel management practice to create effective motivation systems. The authors note the importance of recognizing and rewarding employees to ensure their motivation and job satisfaction. Modern motivational theories face several problems. First, the individualization of the needs and values of employees makes it difficult to create universal methods of stimulation. Second, the role of intangible incentives and self-fulfillment is becoming increasingly important, but measuring and managing them is a challenge for organizations. In addition, the rapidly changing business environment requires constant updating of motivation strategies, which is also a time-consuming task. The development of current theories of motivation is the key reason for the successful development of a company and ensuring competitiveness in the market. In modern society, the development of motivational tools is determined by flexibility, individualization and emphasis on the personal and professional growth of employees. Technological innovations, a balanced approach to incentives, reflection of company values and employee participation in management create a complex motivation system. Addressing issues of health and stress resistance emphasize the importance of the psychosocial well-being of employees. These directions define a new approach to personnel management aimed at creating sustainable and effective organizations in the modern business environment.

Cost of Quality and Financial Performance of Small and Medium Enterprises

This study delves into the complex interplay between the cost of quality elements—specifically, prevention, appraisal, and failure costs—and the financial performance of Small and Medium Enterprises (SMEs). By employing empirical analysis based on 246 completed questionnaires from various sectors within Ghana's SME landscape, the research endeavors to illuminate the critical associations between these cost factors and financial outcomes. The Partial Least Structural Equation Model (PLS-SEM) technique was utilized to scrutinize these relationships. The findings reveal a significant positive correlation between prevention and appraisal costs with improved financial performance, while failure costs exhibit a negative association. These outcomes substantiate the vital role of resource allocation and strategic management of quality costs in shaping the financial health of SMEs. The implications extend to both academia and practical business strategies, highlighting the need for a balanced approach in resource allocation and the significance of preventive measures in fostering enhanced financial performance for SMEs. The study underscores the importance of proactive quality management and strategic decision-making in driving the financial success and sustainability of SMEs in today's competitive business environment.

The influence of perceived organisation support on employees engagement in Tanzania: a case of SMEs

Purpose- For the organization to strive in today's competitive environment, managers should provide a working environment that is conducive and supportive to its members/employees. Human beings like to be recognized, valued, and taken care of while they are performing their duties. The study examines the influence of perceived organisation support on employees' engagement in small and medium enterprises in Tanzania. Methodology- The study is guided by the Social Exchange Theory which explains that the amount of care and support given to the employees is the same amount of commitment they will give back to the organisation and hence engagement. The study is positivist where cross-sectional design was used to study the relationship between perceived organisation support and employees' engagement in SMEs, and it was done in three regions which are Dar es Salaam, Morogoro and Manyara. The study used stratified sampling and structural equation modelling was used to analyze data. Findings- The findings showed that organisation support has a significant influence on employees' engagement (both job and organisation engagement). Conclusion- The study recommends that SMEs should support employees by matching their interests with those of the SMEs. When these interests match, is where the employees feel valued and respected and perceive that the organisation cares about their well-being. Keywords: Perceived organisation support, employees' engagement, SME, engagement, Social Exchange Theory JEL Codes: D11, E21, M31

ABOUT THE IMPORTANCE AND BENEFITS OF EVENT MARKETING

In today's environment, where consumers have a wide range of information available to them, it is important for companies to use more effective and flexible approaches to the market. Modern information technology helps the marketer to be closer to the buyer than in the past and to understand the customer's needs and desires well. In addition, marketers need to have a good understanding of the capabilities and benefits of different marketing communication tools and media channels. In today's competitive environment, it is becoming increasingly important for companies to use incentives that are better suited to today's targeted strategies. Effective marketing communications play an important role in a company's success in the marketplace. It is important in creating an impression of the company and its brands. Events help companies to achieve this goal. The purpose of this paper is to summarise and present the main benefits that companies can achieve through the intelligent use of events. Events are used by many companies to impress other people. And companies can gain their favour by making a great impression on the public. Thus, event marketing influences consumer attitudes towards different brands, consumer behaviour and stimulates purchases. An important question is when and how special events will be implemented. Their proper planning, organisation and execution will bring the company high recognition and economic benefits. Methodology. Secondary data was used in the course of writing this article. Modern scientific works of scientists and researchers were studied, and information was searched for using Internet sources. The paper examines modern forms of event marketing, individual approaches to work in this area and aspects of its development. Research results. Based on various reliable sources of information, a clear picture of the current situation in Georgia in this area was created. It has been found that companies do not use measures with the frequency that would bring them high results. They use only certain approaches. The paper examines the conceptual aspects of event marketing, analyses the definitions and opinions of various scientists and specialists in this area. Practical implications. The article discusses the risks and problems associated with the implementation of events, and presents a number of conclusions and recommendations to improve the efficiency of the use of events.

Procurement with ERP

There are many advantages for the company when an ERP system is implemented in the procurement process. A brief summary of the main benefits and features of adopting ERP procurement is provided by procurement. In today's competitive corporate environment, efficient procurement is essential. ERP (Enterprise Resource Planning) solutions provide a way to optimize resource use, increase visibility, and streamline the procurement process. It examines the various ERP system components that have a direct impact on the procurement. These components, including Inventory Control, Financial Integration, Supplier Relationship Management, and Purchase Order Management, collaborate to automate and improve the procurement process. The important considerations for implementing ERP in procurement the crucial factors to consider while deploying ERP in procurement. It highlights the importance of selecting the best ERP vendor, designing the system in accordance with organizational goals, and effectively educating people. Data migration, change management, and continuing system maintenance are mentioned as important components of a successful ERP adoption. It cites technological developments like blockchain, machine learning, and artificial intelligence that could further change the procurement process. Describe ERP and the role it plays in the procurement process. It draws attention to typical problems faced by procurement departments, including disconnected systems and manual processes. The overview highlights the demand for an integrated ERP strategy to deal with these issues. It examines the various ERP system that have a direct impact on procurement. These modules, including Inventory, Supplier Relationship Management, and Purchase Order Management.

Analisis Akuntansi Kombinasi Bisnis Dengan Konvergensi IFRS Pada Laporan Keuangan Perusahaan

In today's competitive business environment, there are many companies that look like a single entity when in fact they are made up of several separate companies. Some of these companies conduct business combinations consisting of mergers, acquisitions, and consolidations. In conducting these business combinations, there are regulations that govern, namely PSAK 22 as a result of IFRS convergence. This study aims to further analyze business combinations with IFRS convergence. The research method used is a quantitative engineering approach by focusing on literature review. The results of this study indicate a change in the purchase method to goodwill impairment testing, adjustments to non-controlling interests, and more detailed disclosures.

THE IMPORTANCE OF THE BRAND IN THE MARKETING OF FINANCIAL SERVICES

Brand is an element that distinguishes a company's products and services from its competitors. The importance of the brand in the finance sector is quite great. For the consumer, the brand causes the company's products and services to be perceived as higher quality and more reliable. In today's competitive environment, brands in the financial services sector have marketing strategies that they must implement to differentiate themselves. The aim of the article is to touch upon the important points that brands must make in order to be preferred and to survive and differentiate in an ever-changing competitive environment. The article covers topics such as increasing brand value and brand image, creating high brand credibility, engaging in CSR activities, existing in the digital world, creating brand loyalty and brand awareness.

Faktor Penghambat Perlibatan Dan Pemberdayaan Karyawan Implementasi Pelibatan Dan Pemberdayaan Karyawan Penghargaan Karyawan Dan Pengakuan Prestasi Karyawan

Involvement and empowerment in quality is a series of ongoing activities, the implementation of which requires a significant amount of time, energy and costs. Inclusion and empowerment are closely related to the behavior of human resources in the organization. The type of research used is library research or literature study where researchers rely on various literature to obtain research data and use a qualitative approach because the data produced is in the form of words or descriptions. In today's competitive business environment, employee empowerment has become an important concept in human resources. The employee empowerment process allows employees to play an active role in decision making in an organization to increase the alignment of personal goals with organizational goals.

Unlocking Managerial Performance: The Impact of Organizational Culture and Employee Personality through Knowledge Sharing

In the modern corporate landscape, the optimization of human resources stands as a pivotal concern for organizations. This study endeavors to explore the influence of organizational culture and employee personality on managerial performance, with knowledge sharing as a mediating variable. Employing rigorous empirical methods, our findings reveal that both organizational culture and employee personality exert both direct and indirect effects on managerial performance, mediated by knowledge sharing. This research underscores the significance of fostering a conducive organizational culture and understanding employee personalities to enhance overall managerial performance. These insights hold substantial implications for businesses striving to maximize their human resource potential in today's competitive environment. Highlights: Organizational Culture: Investigates the influence of organizational culture on managerial performance, emphasizing the importance of a conducive workplace environment. Employee Personality: Explores how employee personality traits impact managerial performance, shedding light on the role of individual differences. Knowledge Sharing: Highlights the mediating role of knowledge sharing in the relationship between organizational culture, employee personality, and managerial performance, emphasizing its significance for effective human resource management. Keywords: Organizational Culture, Employee Personality, Managerial Performance, Knowledge Sharing, Human Resource Optimization

Ethical Leadership in Information Technology Decision Making and its Impact on Risk Management

In the rapidly growing digital era, information technology has become an integral part of almost all aspects of our lives, including in the world of business and management. Appropriate and effective use of information technology is the key to achieving competitive advantage in today's competitive business environment. However, making decisions related to information technology is not an easy task, as information technology is often complex and high-risk. The purpose of this study is to analyse ethical leadership in information technology-related decision making and its impact on risk management. The method used is a qualitative literature review that focuses on an in-depth understanding of the topic in the time span from 2006 to 2023. The main objective of this method is to identify, analyse, and synthesise relevant scientific literature that has been published in various journals, conference papers, and other academic sources accessible through Google Scholar. The study results show that ethical leadership plays a central role in ensuring that IT-related decisions are taken with ethical principles in mind and with the aim of minimising risk. Ethical leadership contributes to the avoidance of data misuse, creating a culture of transparency and accountability, ensuring fair use of technology, and being mindful of the impact of IT decisions on society and the environment.

Impact of Personality Traits on Sustainable Entrepreneurship Development

The evolving landscape of globalization is bringing about inevitable changes in the development of sustainable entrepreneurship. Sustainable entrepreneurship combines entrepreneurial traits with a focus on both market success and social impact. However, in today's competitive environment, it is imperative for every entrepreneur to possess specific personality traits to enhance their competitiveness. The primary objective of this research was to investigate the influence of four significant personality traits: agreeableness, openness, extraversion, and neuroticism, on the sustainable development of entrepreneurship in small and medium-sized enterprises (SMEs). The study employed a positivist research philosophy, an explanatory research design, and a quantitative survey method using a convenience sampling technique. A total of 396 entrepreneurs from the registered SMEs in the Surkhet district were identified as samples. Inferential statistics, specifically structural equation modeling, were used to analyze the data. The study revealed that personality traits such as agreeableness, openness, and extraversion had a positive influence on the development of sustainable entrepreneurship. This suggests that individuals possessing interpersonal skills, innovativeness, curiosity, situational sociability, confidence, and passion played a foundational role in promoting entrepreneurial sustainability. On the other hand, the personality trait of neuroticism demonstrated an insignificant positive impact on sustainable entrepreneurial development. This implies that neurotic individuals, prone to anxiety, stress, and emotional instability, may hinder decision-making processes and disrupt the stability of sustainable entrepreneurship. Based on these findings, the study suggests that entrepreneurs should prioritize instrumental features of personality traits like agreeableness, openness, and extraversion for sustainable entrepreneurship development, while minimizing the influence of neuroticism.

Impact of Training and Development on Organizational Performance: a Mediating Role of Employee Performanceimpact of Training and Development on Organizational Performance: a Mediating Role of Employee Performance

The study aims to examine the impact of training and development on organizational performance, with a mediating role of employee performance. The importance of Human Resource Management (HRM) practices in achieving organizational success has gained recognition, as organizations realize that it is people who drive their performance. However, many companies have not fully embraced HRM practices, including training and development, due to affordability, fear, or a lack of understanding of their value and contribution. The primary objective of HRM is to ensure organizational success through a competitive, competent, and self-motivated workforce. Rigorous HRM practices, particularly training and development, play a vital role in achieving this objective. Extensive research has been conducted to establish the connection between HRM practices and organizational performance, and numerous studies have found positive relationships between them. This study will be investigating the impact of training and development on an organizational performance. Additionally, the study aims to examine the mediating role of employee performance between HRM practices and organizational perceived performance. The findings of this study will be contributing to the existing body of knowledge on HRM practices and their impact on organizational performance. It will provide insights into the significance of training and development in enhancing employee performance and subsequently driving organizational success. The study will also shed light on the mediating role of employee performance in the relationship between HRM practices and organizational perceived performance. By understanding the linkages between training and development, employee performance, and organizational performance, organizations can make informed decisions about the implementation and improvement of HRM practices. Ultimately, this study aims to highlight the importance of effective HRM practices, particularly training, and development, in achieving organizational success in today's competitive business environment.

Research and Analysis of International Patent Activity in the Field of Green Technology

The subject matter of this article is the green technology and its protection as intellectual property objects, more particularly as invention. The analysis will focus on green technology in agriculture and the economic development of the countries over the last two decades due to these technologies. The article indicates the essence of green technologies and the areas of application of the technology, mainly in agriculture. A profile of the enterprises developing green technologies has been made. The results of the performed patent research are analysed, and the top applicants/owners of patents are identified. The filed national and international applications for inventions and the issued patents in the field of green technologies are deduced on country/territory bases. The Influence of green technologies on the development of new plant varieties is also analysed. The thesis of the present study is that one of the important factors for achieving and maintaining economic development and competitiveness of enterprises in today's competitive environment is the creation of innovative products in the field of green technology and their protection as a patent for an invention.