Today's Dynamic Business Research Articles

The Significance of Responsible Leadership for Innovative Work Behaviour: A Conceptual Framework

Responsible leadership is a key foundation in today's dynamic business world, where the call for ethical behaviour and innovation is louder than ever. Unlike traditional leadership paradigms, responsible leadership represents a multifaceted relationship and views leadership as a dynamic interplay between leaders and stakeholders, rather than a one-sided leader-follower dynamic. Based on this understanding, our study developed a conceptual framework for the relationship between accountable leadership and innovative work behaviors. It also identified mediating-moderating roles to better understand the linkages and gaps in the research. The conceptual framework was developed based on a literature search of 82 studies. The individual constructs of the model were analysed with the findings of other studies and the theoretical and practical contribution was identified through synthesis. In order to create a sustainable future, it is imperative that the pursuit of continuous innovation and the principles of responsible behaviour form the cornerstones of any society. Responsible leadership stimulates innovative work behaviour not only for the benefit of the organisation but also for the well-being of all stakeholders. This is essential to building the relationships and corporate culture that mediate this relationship. The moderator of this relationship is the moral intelligence of the responsible leader, which strengthens the relationship between responsible leadership and innovative work behaviour. The study contributes by providing a comprehensive review of the existing knowledge on responsible leadership and innovative work behavior. Furthermore, it enriches scholarly knowledge and offers practical insights into the characteristics desirable in CEOs to promote responsible and innovative business behavior.

KEY STAGES AND INNOVATIVE APPROACHES IN RISK MANAGEMENT UNDER UNCERTAINTY

The purpose of the article is to analyze in detail the process of risk management at enterprises, in particular, its key stages. In addition, the article aims at studying the current instruments of bankruptcy risk management which can be implemented in the modern economy. The relevance of the article is stipulated by the need to improve approaches to risk management in today's dynamic business environment, where enterprises are constantly facing financial and operational threats. Of particular importance is bankruptcy risk management, since economic instability and high level of competition require effective mechanisms to protect financial stability. The following methods are used in the study: the method of analysis and synthesis - for a structured consideration of the stages of the risk management process, identifying the relationships between them and forming a holistic picture of management actions at each stage; the method of logical generalization - for formulating general conclusions and recommendations on the stages and tools of risk management based on the analysis of literature and practical examples. The result of the study is to determine the essential characteristics of the main stages of the enterprise risk management process and the relevant tools for managing the bankruptcy risk. This includes: a structured description of the key stages of risk management – from risk identification and assessment to monitoring and control, which ensures a systematic approach to responding to threats; analysis of current tools for managing bankruptcy risk – identification of tools that facilitate early detection of risks and support the financial stability of the enterprise. The practical value of the article lies in providing enterprises with a clear description of the risk management process, which includes the main stages from identification to monitoring and control, allowing companies to take a more systematic approach to risk management and reducing the likelihood of negative financial consequences. The use of the current tools for managing bankruptcy risk described in the article provides an opportunity to quickly identify early signs of financial instability, which helps to maintain their financial stability. In addition, the proposed recommendations can be integrated into the enterprise management system, creating a flexible and adaptive model to maintain stable development in the face of economic uncertainty.

Artikel Tentang Perencanaan dan Pengembangan Bisnis

The important process known as business planning and development allows an organization to establish the strategies, goals, and tactics necessary to grow and succeed in the long term. Businesses are faced with many complex challenges in the current era of globalization, ranging from intense competition to rapid market changes. Therefore, careful business planning is essential to anticipate changes and take advantage of emerging opportunities. In this abstract, business planning and development is very important in today's dynamic business environment. Internal and external environmental analysis, goal setting, strategy development, resource allocation, and implementation are the main steps in the business planning process, which will be discussed thoroughly. In addition, this abstract will show how leadership, innovation, and information technology help business planning and development well. Organizations can optimize performance, increase competitiveness, and better face challenges by emphasizing holistic and sustainable business planning and development. Understanding market, consumer and industry trends is important amidst global uncertainty. Therefore, this abstract emphasizes how important it is to monitor the business environment and be flexible when changing business planning strategies to adapt to changes.

Artificial Intelligence in Strategic Business Decisions: Enhancing Market Competitiveness

Abstract: Integrating Artificial Intelligence (AI) into strategic decision-making is essential for enhancing market competitiveness in today's dynamic business environment. AI technologies such as machine learning, natural language processing (NLP), and predictive analytics optimize operations, personalize customer experiences, and drive product innovation. Machine learning algorithms analyze vast data to uncover patterns, aiding better decision-making. Predictive analytics forecasts market trends and consumer behaviors, allowing companies to anticipate demand and streamline supply chains, reducing risks like overproduction and stockouts. NLP-powered chatbots improve customer interactions by handling routine inquiries, freeing human agents for complex issues, and enabling personalized marketing. AI also accelerates product development by analyzing market data and consumer feedback, simulating scenarios, and predicting outcomes. Operational efficiency is enhanced through automation and optimized workflows, saving costs and increasing productivity. Despite these benefits, challenges such as data privacy, algorithmic bias, significant investment, and a shift to a data-driven culture must be managed. Effective AI integration offers significant competitive advantages, positioning companies to leverage predictive analytics, personalized customer interactions, and operational efficiency for growth and innovation.

A Study on the Brand Marketing Strategy of Luckin Coffee Based on SWOT Analysis

Using a SWOT analysis, this study investigates the brand marketing approach of Luckin Coffee, a well-known Chinese coffee company. With the backdrop of the rapid evolution of marketing strategies driven by the Internet and new media, this study aims to address the gap in understanding how marketing strategies can be tailored to a specific company's unique characteristics. Specifically, it investigates Luckin Coffee's strengths, weaknesses, opportunities, and threats based on an analysis of its current marketing efforts across channels and relevant brand topics. The findings provide insights into how Luckin Coffee can optimize its marketing strategy to seize opportunities and mitigate threats, ultimately contributing to the enhancement of the brand's competitiveness and relevance in the market. This research is a valuable reference for other coffee brands seeking to formulate effective marketing strategies in today's dynamic business environment.

Enhancing Supply Chain Management for Improved Performance: A Case Study of Mambilla Beverages Nig. Limited

In today's dynamic business environment, effective supply chain management (SCM) is crucial for organizations seeking to enhance performance and gain a competitive edge. This study investigates the impact of Supplier Relationship Management (SRM) and Transportation Efficiency (TE) on the performance of Mambilla Beverages Nig. Limited (MBNL). The research adopts a quantitative approach, utilizing survey data collected from 171 respondents within the organization. The findings reveal significant positive effect of SRM, TE, on MBNL's performance, as evidenced by regression analysis results. Specifically, the study finds that strong supplier relationships and efficient transportation logistics significantly contribute to MBNL's sales performance. Based on these findings, recommendations are provided for MBNL to strengthen supplier relationships, enhance transportation efficiency, embrace technology, and prioritize training and development initiatives. By implementing these recommendations, MBNL can optimize its supply chain operations, improve operational efficiency, and achieve sustainable growth in the competitive beverage industry.

Strategies for Showcasing Your Strategic Leadership Skills

This article explores how leaders can demonstrate their strategic thinking skills to key stakeholders through various actions and outputs. It first defines strategic thinking and its main components, including environmental scanning, future orientation, synthesis, adaptability, and intuition. The article then discusses how leaders can communicate strategic thinking through comprehensive yet accessible strategic planning documents, ongoing messaging and communication about strategies and progress, effectively managing organizational change, strategic decision-making, and fostering continuous learning. Specific best practices and examples are provided for each area. The article aims to provide concrete guidance for leaders seeking to exemplify their strategic orientation in tangible ways. Developing a consistent repertoire of actions emphasizing environmental scanning, future visioning and adaptation can help leaders and organizations strengthen their strategic dexterity to navigate today's dynamic business environment.

What helps Agile remote teams to be successful in developing software? Empirical evidence

Software development firms have specific goals but today's dynamic business environment, especially regarding the use of remote teams, presents great challenges due to uncertainties and multiple risks. This study investigates the facilitators of the success of Agile software development projects delivered by remote teams. We employ a conceptual research model founded on the technology-organization-environment (TOE) framework. The study contributes to the literature by exploring how remote teams affect the success of Agile software development projects. Partial least squares structural equation modeling (PLS-SEM) analysis of the data collected from 198 IT professionals revealed that perceived pressure from government, job performance, and team satisfaction are significant in explaining these projects’ success.

NAVIGATING ORGANIZATIONAL TRANSITIONS SMOOTHLY: A COO’S GUIDE TO EFFECTIVE CHANGE MANAGEMENT

In today's dynamic business environment, organizational transitions are not just occasional occurrences but rather constant features of the landscape. Emphasize the pivotal role of COOs in orchestrating smooth transitions. Chief Operating Officers (COOs) serve as linchpins in facilitating these transitions, ensuring they unfold seamlessly. Effective change management becomes imperative for minimizing disruptions and sustaining operational excellence. Establish open channels of communication to keep employees informed throughout the transition process. Clearly articulate the reasons behind the transition and the anticipated outcomes. Encourage feedback and address concerns promptly to mitigate resistance. Collaborate with department heads, team leaders, and employees to solicit valuable insights and perspectives. Anticipate potential challenges and develop contingency plans to mitigate risks and minimize disruptions. The strategies COOs can employ to navigate organizational transitions adeptly, fostering a culture of adaptability and resilience within their organizations.

The Influence of Technology on Contemporary Entrepreneurship

In today's dynamic business landscape, technology plays a pivotal role in shaping the entrepreneurial journey. This article explores the multifaceted impact of technology on modern entrepreneurship, delving into how technological advancements have revolutionized business models, streamlined operations, and facilitated innovation. Through a comprehensive analysis of various sectors and industries, this article highlights the transformative power of technology in empowering entrepreneurs to seize opportunities, overcome challenges, and drive sustainable growth in the digital age. Drawing from examples, statistics, and anecdotes, it provides insights into the evolving role of technology as a catalyst for entrepreneurial success, offering valuable lessons and perspectives for aspiring and established entrepreneurs alike. Keywords:Technology, Modern Entrepreneurship, Business Models, Innovation, Digital Age, Entrepreneurial Success.

Management of Innovation in Digital Brands: An Integrative Review

The present paper explores how innovation management is manifested in digital brands. The objective of this study is to analyze the approaches to innovation management within digital brands. The methodology adopted is an integrative review with a qualitative approach. Innovation management in digital brands has become increasingly crucial in today's dynamic business landscape. Digitalization has revolutionized the way brands interact with consumers, requiring constant innovation to remain competitive. This study aims to shed light on the strategies and practices adopted by digital brands to manage innovation effectively. The methodology has a qualitative approach through integrative review, which allows for the synthesis of existing literature on innovation management in digital brands. Through research and analysis of academic articles, this article identifies key themes and trends in innovation management in the digital context. Themes such as open innovation, co-creation with consumers, agile development methodologies, and digital transformation strategies emerge as central components of innovation management in digital brands. A conceptual framework is developed to provide a structured understanding of the various dimensions of innovation management in digital brands. This framework serves as a guide for professionals and researchers seeking to navigate the complex landscape of innovation in the digital age. The results of this study reveal a multifaceted approach to innovation management in digital brands. Also it includes the development of a descriptive figure conceptual of innovation management in digital brands. In conclusion, this integrative review highlights the importance of effective innovation management in digital brands. By adopting innovative strategies and embracing digital technologies, brands can drive growth, improve customer experiences, and maintain competitiveness in today's digital economy. Furthermore, this study contributes to the academic discourse by offering insights into the evolving nature of innovation management in the digital sphere. By understanding these dynamics, organizations can adapt their strategies to thrive in an increasingly digital-centric marketplace.

Artificial Intelligence Enabled Supply Chain Management: Unlocking New Opportunities and Challenges

This paper delves deeper into the potential of Artificial Intelligence (AI)-enabled Supply Chain Management (SCM) as a groundbreaking technology capable of revolutionizing supply chain operations and ushering in a new era of possibilities. In today's dynamic business landscape, where agility and efficiency are paramount, AI plays a pivotal role in redefining how supply chains operate. The journey commences with an in-depth exploration of AI's fundamental concepts and its manifold applications within SCM, shedding light on its adaptability across various aspects of the supply chain, from demand forecasting to inventory optimization. Moreover, this paper illuminates the myriad benefits that AI brings to SCM practitioners. These advantages encompass heightened operational efficiency through real-time data analysis, cost reduction through predictive maintenance and optimized routing and a superior customer experience resulting from improved demand prediction and personalized service offerings. However, acknowledging the transformative power of AI in SCM, we must also acknowledge the hurdles in its implementation. This paper underscores the significant challenges that organizations may face while integrating AI into their SCM processes, ranging from data quality issues and concerns regarding privacy and security to the need for domain-specific human expertise. To address these hurdles effectively, the paper proposes a comprehensive framework. This framework encompasses a holistic strategy that aligns AI initiatives with organizational goals, governance and ethics considerations to ensure responsible AI deployment, and a clear roadmap that guides the implementation journey from inception to full integration. In conclusion, this paper offers valuable insights into the opportunities and challenges that AI-powered SCM presents in the ever-evolving business landscape. By providing practical recommendations, it equips organizations with the knowledge and tools needed to successfully harness the potential of AI in their supply chain operations, ultimately paving the way for enhanced competitiveness and sustainability in the future.

Building Resilient Supply Chains with Intelligent Automation

Building Resilient Supply Chains with Intelligent Automation represents a transformative approach to modern supply chain management, focusing on optimizing operations through the integration of advanced technologies, data analytics, and process automation. In an increasingly complex and competitive global market, these solutions offer a framework to enhance efficiency, transparency, and responsiveness across the entire supply chain from procurement to final delivery. This paper explores the core components of Intelligent Automation, including data integration, supply chain visibility, inventory and demand management, and process automation. However, implementing these systems also presents challenges such as overcoming data silos, managing supply chain complexity, and ensuring regulatory compliance. This study aims to provide a comprehensive understanding of Intelligent Automation in supply chains, emphasizing their benefits, challenges, and the critical role they play in the evolution of supply chain management in today's dynamic business environment. Keyword: Supply Chain, Advance Logistics, Courier Management, Supply Solution, Automation, Demant Management

Beyond SWOT: A New Approach to Strategic Planning

Abstract: This article argues that the traditional SWOT analysis framework that has long been used by organizations for strategic planning is no longer sufficient in today's dynamic business environment. While SWOT provided value in the past by examining internal strengths, weaknesses, opportunities, and threats, numerous studies have shown it has important limitations. A key critique is that SWOT focuses too narrowly on internal factors rather than understanding changing external forces. It also lacks structure to prioritize issues and typically does not translate cleanly into actionable strategies. Given these limitations, the article proposes that organizations should supplement or replace SWOT analysis with the PESTLE framework. PESTLE systematically analyzes the political, economic, social, technological, legal and environmental macro-level factors impacting industries. It facilitates ongoing scanning of trends rather than a static snapshot. The article demonstrates how PESTLE analysis provides richer strategic context through examples in the tourism and healthcare industries. Making this transition allows organizations to develop more robust, resilient strategies aligned with dynamic macro environmental conditions.

Balancing Act: Maximizing Organizational Performance through Socio Technical Integration

Abstract: In today's dynamic business environment, organizations strive to optimize performance by integrating socio-technical aspects effectively. This study employs quantitative analysis to investigate the relationship between socio-technical integration and organizational performance. With a sample of 240 respondents chosen via convenience sampling, hypotheses testing was conducted to explore this relationship. The findings reveal significant positive associations between socio-integration and organizational performance metrics, as well as between technical integration and organizational performance metrics. These results underscore the importance of striking a balance between social and technical elements to enhance organizational performance. This study contributes to understanding how socio-technical integration can be leveraged to maximize organizational effectiveness in contemporary workplaces

Innovative strategic marketing practices to propel small business development and competitiveness

In today's dynamic and competitive business environment, small businesses face unique challenges in establishing their presence and achieving sustainable growth. This paper explores innovative strategic marketing practices that can propel small business development and enhance competitiveness. The primary focus is on leveraging digital marketing, personalization, customer engagement, data analytics, and strategic partnerships. Digital marketing has revolutionized how small businesses reach and engage with their target audiences. By utilizing social media platforms, search engine optimization (SEO), content marketing, and email marketing, small businesses can create cost-effective and highly targeted campaigns. These strategies not only increase brand visibility but also foster customer loyalty through consistent and relevant communication. Personalization is another key strategy that drives small business competitiveness. By tailoring marketing messages and offers to individual customer preferences and behaviors, businesses can create more meaningful and impactful interactions. This approach enhances customer satisfaction and encourages repeat business, contributing to long-term growth. Effective customer engagement is critical for small businesses to build strong relationships and foster community. Utilizing interactive content such as polls, quizzes, and live chats on social media and websites can create a more engaging and immersive customer experience. Additionally, loyalty programs and personalized incentives can strengthen customer retention and advocacy. Data analytics plays a crucial role in informing and optimizing marketing strategies. By analyzing customer data, market trends, and campaign performance, small businesses can gain valuable insights that drive strategic decision-making. This data-driven approach allows for more precise targeting, efficient resource allocation, and continuous improvement of marketing efforts. Strategic partnerships and collaborations with other businesses, influencers, and community organizations can also enhance marketing effectiveness. These partnerships can expand reach, provide access to new customer segments, and enhance credibility. Co-marketing initiatives, joint events, and cross-promotions are examples of how small businesses can leverage strategic alliances for mutual benefit. In conclusion, innovative strategic marketing practices, including digital marketing, personalization, customer engagement, data analytics, and strategic partnerships, are essential for propelling small business development and competitiveness. By adopting these practices, small businesses can effectively navigate the competitive landscape, achieve sustainable growth, and secure a strong market position in today's ever-evolving business environment.

CEO OVERSEAS EXPERIENCE, FINANCIAL EXPERIENCE, SUPPLIER CONCENTRATION, UNDERSTANDING THE DYNAMICS OF INNOVATION PERFORMANCE IN CHINESE COMPANIES

In this study, supplier concentration is the independent variable, innovation performance is the dependent variable, dynamic capability is the mediator variable, and CEO overseas experience and financial experience serve as two moderating variables. It aims to reveal the complex relationship between supplier concentration, dynamic capabilities, CEO overseas experience, CEO financial experience, and innovation performance. The study aims to establish a core conceptual framework through demographic variables such as engaged industry, length of service, and CEO education. This study found: There is a significant positive relationship between supplier concentration and innovation performance, and supplier concentration positively contributes to innovation performance. Dynamic capability mediates the relationship between supplier concentration and innovation performance. The CEO's overseas experience does not significantly moderate the relationship between supplier concentration and dynamic capability. The CEO's financial experience does not significantly moderate the relationship between dynamic capability and innovation performance. relationship. This study reveals the intricate relationship between supplier concentration, dynamic capabilities, and innovation performance, and provides insights into the contingent role of CEO experience in shaping these relationships, thereby informing strategic decision-making and organizational practices with a view to fostering innovation and sustaining competitive advantage in today's dynamic business environment.

A Comprehensive Study on Decision-Making Algorithms in Retail and Project Management using Double Framed Hypersoft Sets

In today's dynamic business environment, effective decision-making plays a crucial role in the success of retail businesses and project management endeavors. This paper presents a comprehensive study of decision-making algorithms, focusing on the utilization of Double Framed Hypersoft Sets (DFHS) in retail and project management contexts. The study explores the theoretical foundations of DFHS and its practical applications in customer segmentation, personalized marketing, project selection, and resource allocation. Various algorithms and methodologies incorporating DFHS are discussed and analyzed, highlighting their advantages, limitations, and real-world implications. Through a series of numerical examples, case studies, and comparative analyses, this study provides valuable insights into the role of DFHS in optimizing decision processes, improving business outcomes, and fostering innovation in retail and project management domains.

ЗАРУБІЖНИЙ ДОСВІД КОРПОРАТИВНОЇ СОЦІАЛЬНОЇ ВІДПОВІДАЛЬНОСТІ

In today's dynamic business landscape, the concept of social responsibility has gained prominence, prompting enterprises to reassess their roles and responsibilities in society. This article undertakes a thorough examination of the definitions of social responsibility proposed by a multitude of authors and scholars. By synthesizing these perspectives, we aim to provide a nuanced understanding that guides enterprises in their pursuit of ethical, sustainable, and socially impactful practices.The primary objective is to comprehensively investigate the relationship between Corporate Social Responsibility (CSR) initiatives and business performance across various industries and geographic regions. Specifically, the article aims to achieve the following: Analyze the Effectiveness of CSR Practices: The article seeks to assess the effectiveness of different CSR initiatives undertaken by businesses. Measure Financial and Non-Financial Performance Metrics: The study will evaluate the impact of CSR initiatives on both financial performance indicators (e.g., revenue, profitability, stock performance) and non-financial metrics (e.g., brand reputation, customer loyalty, employee satisfaction). Assess Stakeholder Perceptions and Expectations: Understanding the perspectives of key stakeholders, including consumers, investors, employees, and regulatory bodies, is crucial in evaluating the effectiveness of CSR initiatives. Explore Industry and Regional Differences: Business environments vary significantly across industries and geographic regions, leading to diverse approaches to CSR adoption and implementation. Identify Opportunities and Challenges: examine the challenges and limitations associated with CSR implementation. This article provides actionable insights for businesses to leverage CSR initiatives effectively. By aligning CSR practices with stakeholder expectations, leveraging industry insights, and addressing associated challenges, companies can foster sustainable business practices. This not only optimizes business performance but also contributes positively to society. Integrating CSR into corporate strategies emerges as imperative for driving long-term success and societal impact, highlighting the importance of responsible business practices in today's dynamic landscape.

Unleashing innovation through employee voice behavior in the hotel industry: the impact of ambidextrous leadership on innovative work behavior

PurposeIn today's dynamic and competitive business environment, organizations strive to foster innovation as a key driver of success. To achieve this, leaders play a critical role in promoting innovative work behavior among employees. This study is based on finding the effect of ambidextrous leadership on innovative work behavior with employee voice behavior as a mediator and employee moral identity as a moderator.Design/methodology/approachThis study is conducted on Pakistan's hotel and restaurant industry. Drawing upon a sample of 410 valid responses from employees from various hotels, data is collected using self-report questionnaires.FindingsThe study revealed that ambidextrous leadership is positively related to innovative work behavior, and employee voice behavior mediated their relationship very well. However, ambidextrous leadership generates more positive and creative outcomes for the organization if it accompanies employee voice. Moreover, employees with a stronger moral identity are more likely to engage in voice behavior when they perceive ambidextrous leadership practices.Practical implicationsIn Pakistan's hotel industry, developing leadership programs that focus on ambidextrous leadership, encouraging employee voice, and aligning with employees' moral values are key to fostering innovation. Organizations should cultivate a culture of openness, trust, and recognition, alongside implementing systems that reward innovative contributions. It's crucial to provide opportunities for skill development, decision-making participation, and a sense of ownership among employees. Moreover, providing necessary resources and supporting a culture that embraces experimentation and learning from failures are fundamental for sustained innovation.Originality/valueBy adopting ambidextrous leadership practices, leaders can stimulate employee voice behavior, which, in turn, contributes to the development of innovative work behavior. Furthermore, understanding the importance of employee moral identity can help leaders tailor their leadership approaches to create an ethical work environment that promotes employee engagement and innovation.