Traditional Business Research Articles

Optimization of cross-border E-commerce (CBEC) supply chain management based on fuzzy logic and auction theory

People have benefited enormously from e-commerce’s explosive expansion in recent years. E-commerce, in contrast to the traditional business environment, is dynamic and complicated, which poses a number of challenges. The prediction market can create mixed intelligence for sales forecasting, which is essential for e-commerce enterprises, to handle this difficulty. Combining the usage of human analysts and machine learning algorithms can accomplish this. To accurately anticipate retailer volume and allot resources, a novel methodology for optimizing supply chain management at CBEC is proposed in this paper. The framework improves efficiency and profitability by using fuzzy logic and auction theory to make strategic decisions. Thanks to this creative strategy, managers can now make more informed decisions, ultimately enhancing the efficiency of CBEC’s supply chain. The results of this paper reveal that our proposed method is superior to previous comparable methods, with RMSE and MAE values of 22.31 and 18.76, respectively. This approach offers a promising solution to the challenges faced by e-commerce businesses, and can help them achieve greater success in the dynamic and complex world of online commerce.

Higher education pre- to post-COVID-19: student and faculty perceptions

PurposeHigher education institutions (HEIs) seek innovative approaches to attract students. Since the COVID-19 pandemic, many HEIs have considered diversification through digitalization. From the initial urgency to implement technology at the start of the pandemic to a gradual acceptance over time, HEIs witnessed a shift in perceptions. This paper aims to explore the evolution of the use of technology in HEI classrooms from pre- to post-Covid-19 as seen through the eyes of students and faculty members.Design/methodology/approachSeven surveys were conducted from March 2020 to January 2023 with faculty members and students at one business HEI in Switzerland. This longitudinal study analyzed the perceptions of faculty and students regarding technology in the ever-changing HEI environments. These results have been used to make practical recommendations for future HEI classroom settings.FindingsThe findings reveal that the social aspect must be considered when implementing technology into HEIs. Faculty members and students need appropriate training and adequate resources to engage with the technology in and outside the classroom. The results suggest that one result of the pandemic was a greater acceptance of blended learning practices in traditional business education.Originality/valueThe pandemic has left long-lasting effects on teaching and learning. While many HEIs revert to traditional ways, the authors suggest the need to embrace technology that encourages engagement and authentic teaching and learning. HEIs must listen to their faculty members and students, to create more innovative learning environments.

Greening the future: analyzing green entrepreneurial orientation, green knowledge management and digital transformation for sustainable innovation and circular economy

PurposeGreen innovation, digitization and sustainability have attracted considerable attention in recent years due to their transformative potential in organizations. This study, grounded in the resource-based view, explores the intricate relationship among green entrepreneurial orientations, sustainability-oriented innovation, and the circular economy, employing green knowledge management as a pivotal mechanism.Design/methodology/approachThe proposed model and hypotheses were tested using Partial Least Squares (PLS) structural equation modeling (SEM) with a sample of 274 valid questionnaires collected from manufacturing firms in Saudi Arabia.FindingsResults unveil positive relationships between green entrepreneurial orientations and sustainability-oriented innovation, as well as the circular economy, along with a positive mediation of green knowledge management in these relationships. In addition, these relationships exhibit heightened strength with increased levels of digital transformation.Originality/valueThe contributions of this research extend to both theoretical and practical realms, offering valuable insights for startups and traditional businesses as they explore the landscape of green innovation and digitization.

Significance and Strategy of Developing Chinese Traditional Business Culture Curriculum Standards in Chongqing Business Colleges

Business culture has been passed down in China for thousands of years and plays an important role in cultivating outstanding business talents. The purpose of this paper is to explore the significance and strategy of developing the curriculum standard of Chinese traditional business culture. First of all, by analyzing the concept of business culture, we can deeply understand the unique value of Chinese traditional business culture. Secondly, it discusses the significance of the development of business culture curriculum standards for cultivating students' professional quality, providing cultural support for innovation and entrepreneurship education and building a cultural power, and recognizes its importance to business college education. Finally, according to the data obtained from the questionnaire survey, this paper puts forward some strategies and suggestions for developing Chinese traditional business culture courses in Chongqing business colleges. Through this study, first, I hope to provide support for Chongqing business colleges to cultivate business talents with Chinese business wisdom and innovation ability; Second, I hope to promote the unique value of Chinese traditional culture in the commercial field to be more widely recognized and applied.

Neobanking regulation

A set of recommendations for regulating the activities of Ukrainian neobanks has been formu­lated, embodying a balanced approach, pro­moting European integration, while ensuring compliance with requirements and supporting their competiti­veness. The aim of the article is to extrapolate valuable foreign insights for deve­loping recommen­dations on constructing regu­latory and legal framework that will contribute to the inclusion of Ukrainian neobanks into the EUʼs financial space. The research is based on the hypothesis that the existing regu­latory gap in the organization and supervision of neobanking in the EU and Ukraine prevents Ukrainian neobanks from fully realizing their innovative and competitive potential. The research aim was accomplished thanks to the application of a wide range of general scientific and specia­lized methods, in particular a comprehensive review of scientific sources, legal, comparative, statistical performance analysis, case study, grou­ping and systematization, as well as formulation of neobanks regulation policy content. The rele­van­ce of impro­ving the regulation system of neobanks has been proven, taking into account the acceleration of the global expansion of neobanks as an alternative to the traditional banking business. The article reveals develop­ment trends and reasons for the growing popu­larity of neobanks in certain countries, as well as successful regulatory initiatives that can be adapted for implementation in Ukraine in order to overcome the challenges and threats that Ukrainian neobanks are currently facing. A parti­cular emphasis is placed on the study of the regu­latory system of neobanks in the EU countries, which is based on the principles of financial stability, consumer protection, and pre­ven­tion of financial crimes. On the basis of a comparative analysis of different approaches, successful initiatives for implementation in Ukrai­ne have been determined, which will make it possible to adapt the regulatory infrastructure of the neobanking sector to the level of best practices. Such adaptation is necessary, since the imper­fection of the current regulatory and legal framework makes it impossible to compre­hen­sively analyze and effectively control the neobanksʼ activities, which causes risk of uncer­tainty, unreli­ability of services, threats to secu­rity and compliance with international regula­tory and legal requirements. This dimini­shes trust on the part of clients and investors, thereby hindering their international compe­titiveness. To ensure the sustainable develop­ment of neobanks in Ukraine, a roadmap for the step-by-step formation of the regulatory infra­struc­ture of the neobanking sector has been developed

Efective Management Communications: A Study on Traditional Businesses to Accept Digital Marketing

Efective Management Communications: A Study on Traditional Businesses to Accept Digital Marketing

Study on the Financial Distress Facing the Development of Hikvision under Digital Transformation

For enterprises, digital transformation is not something that can be achieved overnight, but a long-term and continuous process. In recent years, Hikvision has made significant breakthroughs in various business scenarios within the company and with its partners, using a variety of digital technologies to continuously improve the way the company operates or its business processes. However, with the gradual saturation of the traditional security business and competition from other competitors, Hikvision's development still faces some financial difficulties. Based on this, the paper launched a special study to analyse the specific financial problems constraining its development, and from three aspects of the targeted response strategy to help the company's future development.

Inovasi Produk Untuk Meningkatkan Omzet Penjualan Pada Usaha Mikro Kue Tradisional “ Puji Lestari “ Di Menur Pumpungan Surabaya

Since the implementation of the ASEAN Economic Community (AEC) at the end of 2015, it should encourage all economic actors, including SMEs and Micro Enterprises, to improve themselves in order to improve the quality of production of both goods and services. If this is not done, then Indonesia will be an "soft" market for other ASEAN countries because Indonesia has the largest population (population size) in ASEAN, namely no less than 270 million people. SMEs and Micro Enterprises, which are the embodiment of people's economic democracy, will be very hard hit if the heavy flow of goods and services from various ASEAN countries invades the Indonesian market. Realizing this, strengthening (empowering) SMEs and Micro Enterprises is a necessity and necessity to be able to find a national identity that has comparative advantage and competitive advantage. This activity begins with identifying existing problems and then finding a method for solving them. The method used is by providing training and mentoring. The results that have been achieved are the ability of the Traditional Cake business to optimize its sales by using local raw materials. In this way, the Traditional Cake Micro Business "Puji Letari" can improve its capabilities in the field of production and business management. These outcomes are an indication of increased business empowerment.

Impact of Digitalization on Inventory Management: A Comparative Study Between Traditional and E-Commerce Business

Impact of Digitalization on Inventory Management: A Comparative Study Between Traditional and E-Commerce Business

Cultural Literacy Training: Maintaining the Value of Harmonizing Local Culture amidst the Onslaught of Foreign Culture

This community service will be carried out regionally in Hargobinangun Village (Jl. Kaliurang KM. 20 Sawungan, Hargobinangun, Pakem, Sleman, Yogyakarta). The targets of this Community Service are traditional, religious leaders, Small and Medium Business actors and also the community who manage tourism in Hargobinangun Village. The aim of this community service is to train the community to increase the speed of the process of increasing human resource capabilities towards cultural literacy in accordance with the rate of growth development. The method used in this service is a literal approach, namely an action plan consisting of a set of steps to solve a problem or achieve a goal, then a mental procedure in the form of a sequence of steps that uses creative efforts to achieve a certain goal. This community service is planned to be carried out within 2 months after obtaining approval from the Educational Institution and Partners. Based on the results of Community Service, data was obtained that young people in Hargobinangun Village have participated in foreign cultures. Ways to maintain local culture amidst the onslaught of foreign culture include: using social media, educating parents, all village activities involving young people, and innovating food products originating from foreign countries into local food products that still maintain their philosophy. After the activity was carried out, it showed that 20 participants had understood the training material provided. However, to apply the material in everyday life, only 75% are able to apply it. One of the reasons is the lack of capital when innovating existing Jadah and the need for tools that are deemed inadequate. As many as 75% of participants have started marketing innovative products as an implementation of harmonized values amidst the onslaught of foreign culture.

The impact of fintech lending on credit access for U.S. small businesses

Small business lending (SBL) plays an important role in funding productive investment and fostering local economic growth. Recently, nonbank lenders have gained market share in the SBL market in the United States, especially relative to community banks. Among nonbanks, fintech lenders have become particularly active, leveraging alternative data and complex modeling for their own internal credit scoring. We use proprietary loan-level data from two fintech SBL platforms (Funding Circle and LendingClub) to explore the characteristics of loans originated pre-pandemic (20162019). Our results show that these fintech SBL platforms lent relatively more in zip codes with higher unemployment rates and higher business bankruptcy filings. Moreover, fintech platforms’ internal credit scores were able to predict future loan performance more accurately than traditional credit scores, particularly in areas with high unemployment. Using Y-14 M loan-level bank data, we compare fintech SBL with traditional bank business cards in terms of credit access and interest rates. Overall, while not all fintech firms follow the same approach, we find that fintech lenders could help close the credit gap, allowing small businesses that were less likely to receive credit through traditional lenders to access credit and potentially at lower cost.

The company of the future: Integrating sustainability, growth, and profitability in contemporary business models

This paper examines the evolving nature of corporate organizations, focusing on integrating sustainable practices within traditional business models to achieve economic growth and profitability. Highlighting the importance of embedding sustainability into business strategies, the study explores how modern enterprises can adapt to changing market demands through digital transformation and strategic business planning. The research underscores the rise of hybrid business models that blend conventional commercial approaches with innovative sustainability initiatives, thereby creating value-driven companies. By proposing a holistic methodology, the paper assesses the potential of future organizational models to promote economic sustainability, operational efficiency, and market competitiveness while enhancing corporate responsibility and stakeholder engagement. This study seeks constructive insights into managing the complex dynamics between growth, sustainability, and profitability in contemporary business environments through comparative analyses with established frameworks and real-world case studies.

Relationship between the concepts of “Digital transformation” and “Industry 5.0”: bibliometric analysis

At the current stage of transformational transformations, the problems of transformation of the national economy are extremely relevant. And these questions are especially relevant in the conditions of rapid development of the digital economy. According to estimates by Forbes experts, 67% of the leaders of companies from the Global 2000 list chose digital transformation as a priority goal of their corporate strategy in 2018. According to a study by analysts International Data Corporation, the total global spending on digital technologies will grow by 16.8% annually and amounted to 2.1 trillion dollars in 2019. Research by Huawei and Oxford Economics has shown that intelligent network interaction will trigger the growth of the digital economy, which will reach 23 trillion dollars by 2025. This increase will be 78.3% compared to 2017 (12.9 trillion dollars). By 2025, the share of the digital economy is planned to increase by 7.2 percentage points, or from 17.1 to 24.3% of global GDP. According to the calculations of The Boston Consulting Group experts, the volume of the digital economy by 2035 will amount to 16 trillion dollars USA. In view of this, the purpose of this study is to determine the trends and key directions of digital transformation research in the era of Industry 5.0 based on bibliometric analysis using the VOSviewer software. The article carries out a bibliometric analysis of the relationship between the terms “digital transformation”, “digitalization”,”Industry 4.0”, “Industry 5.0”. It has been established that currently the problems of the digital transformation of the economy in the context of the implementation of the digital strategy of the European Union are gaining special relevance. Digital transformation is a key component of the overall strategy to transform the global economy. Correctly selected digital technologies combined with employee competencies, processes and operations will allow companies to quickly adapt to crisis situations, use promising opportunities to modernize work processes, meet new and constantly changing customer needs, stimulate growth and implement innovative and management solutions. The concept of digital transformation of the national economy in the context of Industry 5.0 should involve the use of digital tools and platforms to transform traditional business processes, improve interaction with customers, introduce innovative technologies and form a digital ecosystem. The main components of the digital transformation of critical infrastructure include: digital technologies (cloud computing, artificial intelligence, big data analytics and the Internet of Things (IoT); organizational changes (restructuring of processes to increase their flexibility, introduction of new methodologies (DevOps, Agile), formation of a digital culture); customer orientation and integration of digital channels. For effective digital transformation of the economy on a practical level, it is advisable to pay attention to such main aspects as: having a clear vision and strategy that meets business goals; involving different groups of stakeholders and ensuring the interest of the entire organization; constant monitoring and evaluation of the implementation of digital transformation initiatives; an adaptive and iterative approach that allows you to navigate the changing digital landscape. It has been proven that the priority direction of research in the future should be the substantiation of the theoretical and methodological provisions of the formation of the digital ecosystem.

Trends in the Integration of Innovative Business Processes into Enterprise Resource Planning Applications to Green Economy

Abstract The green economy brings major transformations in the traditional business model, by integrating innovative business processes, based on artificial intelligence. These processes are developed in the Enterprise Resource Planning environment, which is an integrated application of flows and activities. This application electronically manages business processes to improve company performance. Specific business objectives are achieved by integrating advanced IT technologies that can identify the digital value of goods and services. The research questions refer to: a) the number of published articles searched by keywords, to identify if they are an integral part of the innovation process; b) identifying the concepts used in innovative business processes, in the environment of the green economy. The results in the process of scientific articles identification, by searching for keywords, showed a considerable number of documents compatible with the trends of the integration of innovative processes. Export from Web of Science was done by author, title, source, abstract, citations and for Enterprise Resource Planning, on full record. Loading the search results in the VOSviewer analysis application led to several clusters on fundamental concepts. The identification of the integration environment is based on advanced IT technologies, in the green economy. Creating links maps between Enterprise Resource Planning and innovative processes identified concepts used in preparing the environment of study. This paper follows whether an artificial intelligence mindset inserted into the innovative business processes of an Enterprise Resource Planning can be achieved. Business processes use digital values and automation integration perspectives to validate the green economy environment.

Tech-Business Analytics in the Circular Economy

Purpose: Tech-business analytics, by its actionable insights, operational optimisation, and promotion of innovation throughout the value chain, essentially plays a critical role in helping organisations make the shift to a Circular Economy. Through the utilisation of data analytics, enterprises may adopt sustainable methodologies, reduce wastage, and generate enduring benefits for both the environment and society. Design/Methodology/Approach: Organisations may capitalise on new chances for innovation, efficiency, and sustainability while generating long-term value for the environment and society by embracing a methodical and integrated approach to digital business analytics in the Circular Economy. Findings/Result: Findings/Result: Throughout the history of the sector, the paper examines the ways in which digital business analytics have been employed to manage the circular economy's growth. Originality/Value: A description of the ways in which tech business analytics, in the context of the circular economy, vary from traditional business analytics. It also covers thirty newly published research proposals linked to Tech Business Analytics in circular economy and contains a general design that may be used for technical purposes. Paper Type: Exploratory Research on Technology Management.

Analisis Activity Rasio Pada Sektor Informal di UMKM kuliner di Kota Palangka Raya

This research aims to evaluate the financial and operational conditions of culinary MSMEs in Palangka Raya City using activity ratio analysis, as well as formulating strategies to increase their efficiency and competitiveness. This analysis uses data on initial capital, income and costs of various types of snacks in Palangka Raya City which were collected through interviews and field observations. Sellers of snacks such as satay, POP Ice drinks, jasuke, cassava chips and boiled peanuts provide detailed information about their capital, daily income and operational costs. The data is analyzed using the activity ratio formula to assess operational efficiency and identify the strengths and weaknesses of each business, providing insight for traders to increase profitability. The results of this research show that the activity ratios, namely Turnover Asset Ratio (TAT) and Inventory Turnover (IT), in various types of culinary MSMEs in Palangka Raya City are relatively similar. The effectiveness of asset use and inventory management for traditional snack businesses shows the same pattern. These findings emphasize the importance of increasing operational efficiency and asset management for culinary MSMEs. However, this research has limitations in sample size and area coverage, so further research with a larger sample and wider area is needed to provide a more comprehensive picture.

Rancang Bangun, Penyerahan, dan Sosialisasi Sistem Informasi Jasa Katering Berbasis Web

Catering services are integral to the food and beverage industry, particularly in providing meals for various events such as weddings and corporate functions. However, many catering businesses still rely on outdated, conventional systems that result in inefficiencies and difficulties in reaching potential customers. To address these challenges, this research focuses on developing a modern information system tailored to the needs of catering enterprises. The development process began with the design of a Use Case Diagram, followed by the creation of a user-friendly interface and a robust database structure. The final product is a fully functional website that streamlines the ordering process, enhances customer interaction, and provides a platform for suppliers to effectively promote their products. The system was rigorously tested, and user feedback was gathered through questionnaires. The results indicated a satisfaction rate of 80%, demonstrating that the website meets the users' needs and successfully resolves issues related to service accessibility and promotional outreach. This project highlights the importance of integrating modern technology into traditional business models to improve efficiency and customer satisfaction.

Research on the Impact of the Digital Economy on International Trade Barriers and Its Countermeasures

The rapid development of the digital economy has not only changed traditional business models and trade patterns, promoting trade facilitation, but has also to some extent reduced international trade barriers, providing unprecedented opportunities for enterprises worldwide, especially small and medium-sized enterprises, to expand into international markets. In the era of the digital economy, the modes and patterns of international trade are undergoing profound changes. The high efficiency and universality of information transmission, as one of the core features of the digital economy, not only significantly reduce trade costs but also break the limitations of traditional trade models, laying a solid foundation for the extensive expansion of international trade. However, with the rapid rise of digital trade, new digital barriers are also emerging, which are impacting the international trade landscape. A comprehensive analysis of the role of the digital economy in reducing international trade barriers and the opportunities and challenges it brings is of great significance for understanding and grasping the current trends in global trade development.

Management of Traditional Business into Modern: from Microsoft Excel to Deep Learning for prototyping classification Swiftlet’s nests

In this article, the transformation of traditional management of Swiftlet’s nests into modern business is proposed. Traditional business means that data management of Swiftlet’s nests is done manually, sorted by recording in Microsoft Excel. This is done by PT Waleta Asia Jaya, a company engaged in processing Swiftlet’s nests. This sorting is done because the number of feathers in the Swiftlet’s nests determines the price and cost of workers in processing feather cleaning. In addition, the shape of the Swiftlet’s nests needs attention. However, because it is complex, sorting is done simpler. Originally, Swiftlet’s nests were sorted into 50 categories. To facilitate sorting, deep learning is used with the SSD Mobile Net V2 algorithm as an algorithm to classify into 7 categories based on feather intensity. The device is still a prototype that shows an 85% accuracy rate but has been quite helpful in the process of purchasing Swiftlet’s nests before processing.

The Effect Of Discounts And Word Of Mouth Communication On Purchasing Decisions At Src Al-Badar Wholesale Stores

Currently, the business world is very competitive, especially in Indonesia. This is shown by the increasing number of traditional businesses that are starting to transition to modern businesses, or perhaps new modern businesses. This study uses Quantitative Research, a research method that collects data in the form of numbers or numerical data to be analyzed statistically. The results of hypothesis testing show that the variable Price Discount, Word of Mouth simultaneously has a positive effect on consumer purchase decisions. From the partial results, the discount has a positive and significant effect on the purchase decision at the Al-Badr src graosir store. Simultaneously, discounts and word of mouth communication have a positive and significant effect on product purchase decisions at the Al-Badr src wholesale store.