Business Trends Research Articles

Prospects of Agrotourism Development in the Region

For every nation, the era of transition to a market economy is marked by a severe lack of financial resources. Bringing in sectors of the economy that yield the fastest and most efficient returns is one strategy to develop and overcome this issue. Agrotourism, which is seen as a new trend in the tourism business, is one of these industries. The Samarkand region is used as an example to examine the scientific and theoretical underpinnings of agrotourism as well as its geographical characteristics in this article. Furthermore, an agrotourism map of the region was created by evaluating each location’s potential for agrotourism, classifying the regions based on how desirable they are for agrotourism, and identifying the facilities and resources available for agrotourism. Factors affecting the market of tourist services in the area were studied, and forecast values of the volume of tourist services were determined.

Financial Strength of Agribusiness to Accelerate Responsible Investment for Sustainable Development

Objectives: Agribusiness plays a vital role in providing food security and food energy with contribution towards social and economic stability. The sustainable development goals of industry, innovation and infrastructure to build volatile innovative sustainable industries by ensuring responsible production. Responsible investment by enterprises for incorporating ESG environmental, social and governance (ESG) compliances for achieving sustainable development is contingent on financial sustainability. Methods: The study focuses on the financial strength of agribusiness to measure efficiency in building responsible investment practises for sustainable development. Result: The agribusiness companies listed in Indian recognised Stock exchange is analyzed for measuring key performance indicators of profitability, liquidity, efficiency and leverage from the period of its listing year to March 2020. Conclusion: The dramatic changes in business environment and trends influences agribusiness enterprises to adopt responsible investment for achieving invaluable sustainable competitive advantage.

Tracing the path to sustainable governance: CSR committees as mediators of board impact on ESG performance in the MENA region

Purpose This study aims to explore the mediating role of corporate social responsibility (CSR) committees in the relationship between board characteristics and environmental, social and governance (ESG) performance, specifically within the Middle East and North Africa (MENA) region. Design/methodology/approach Based on a panel of 178 firms spanning 2015–2022, the analysis uses Baron and Kenny’s (1986) mediation approach, supplemented by structural equation modeling (SEM) path analysis for robustness. Findings The findings demonstrate that CSR committees play a significant mediating role in the impact of board size, expertise and gender diversity on ESG performance. Furthermore, the study confirms the direct, positive influence of both board characteristics and the presence of CSR committees on ESG performance, underscoring their strategic importance in fostering sustainability in this regional context. Practical implications The findings highlight the strategic importance of diversifying and enhancing board skills to improve ESG performance. Companies are encouraged to recalibrate their governance frameworks to leverage the mediating influence of CSR committees and promote sustainable business practices. Social implications By demonstrating the positive effect of CSR committees on ESG performance, this study aligns with global trends in responsible business conduct and highlights the importance of corporate governance in addressing environmental and social challenges. This alignment is critical for achieving sustainable development goals and reinforcing stakeholder trust in the region. Originality/value This research provides novel empirical insights into the mediating effect of CSR committees within the MENA region, offering a unique contribution to the discourse on corporate governance and sustainability. By highlighting region-specific governance dynamics that shape ESG outcomes, it deepens the understanding of effective governance practices.

FACTORS INFLUENCING SOCIAL COMMERCE ADOPTION : A TOE FRAMEWORK ANALYSIS

The increasing use of social media has led to a new business trend called social commerce. This study investigates the factors that influence the adoption of social commerce in Solo Raya SMEs using the technology, organizational, and environment (TOE) model. This research is a quantitative research using primary data. Data collection techniques use questionnaires via Google Form. The population of this research is SMEs in Solo Raya that have used social commerce technology. The sampling technique in this study used purposive sampling technique with a sample size of 132 respondents. The data analysis technique in this study uses structure equation modeling partial least square (SEM - PLS) with the help of smartPLS 3.0 software. The results of this study indicate that perceived usefulness, security concerns, top management support, organizational readiness, consumer pressure, and trading partner pressure have a positive effect on the behavioral intention of social commerce adoption. These findings can help SMEs in utilizing digital technology to increase their competitiveness in today's digital era.

New Trends in Sustainable Business and Consumption

New Trends in Sustainable Business and Consumption

The Role of Business Analysts in Enhancing Customer Satisfaction through Advanced Business Systems

Business Systems Analysts (BSAs) play a pivotal role in today's digital-first business environment, particularly in sectors such as insurance, fraud detection, and e-commerce. This article examines the critical function of BSAs in leveraging advanced business systems to drive operational efficiency, risk mitigation, and customer satisfaction. With the global business intelligence market projected to reach $33.3 billion by 2025, the demand for skilled BSAs continues to grow. Their unique ability to bridge technical capabilities with business needs positions them as key enablers of digital transformation. Through case studies and industry data, this research illuminates how BSAs contribute to project success, cost reduction, and enhanced customer experiences. The article also explores emerging trends and technologies that are shaping the future of business systems analysis, highlighting the evolving nature of the BSA role in an increasingly data-driven business landscape. This revised abstract provides a more condensed overview of the article's content, touching on the key points without duplicating the detailed information presented in the introduction. It also emphasizes the forward-looking aspects of the study and its relevance to current business trends.

EXPORT AND IMPORT MANAGEMENT OF ENGINEERING ENTERPRISES IN UKRAINE

The paper reviews the general business trends and proves the need for cooperation at the international level for enterprises. It has been established that export-import operations are a special form of the enterprise's foreign economic activity and are characterized by certain features. Therefore, the use of the "export-import management" category is suggested. The interpretation of export-import management as a special direction of the enterprise's activity which involves the effective organization of the interaction of all divisions and officials of the enterprise in order to ensure the rapid movement of goods or services across the border and the full implementation of signed agreements in order to achieve the commercial goals of the enterprise is presented. The institutional conditions for the development of export-import management and signs of its necessity are determined. The need to improve the efficiency of export-import operations due to such problems of their organization as the disorganization of management processes, the inconsistency of the processes of informatization and digitalization of business in different countries, the complexity of the procedures for obtaining the status of an authorized economic operator, the complexity of the conditions for the formalization of foreign economic contracts, a large number of criteria for the efficiency of export-import activity is emphasized. Partial criteria for the effectiveness of export-import management are suggested. The importance of export-import management in the development of machine-engineering enterprises has been proven. The main positive consequences that effective export-import management that can be provided for the machine-engineering industry have been determined. It was revealed that an important direction of export-import management of machine-engineering enterprises is the study of potential partners, in particular, their legal, technological, scientific-technical and organizational aspects of development. Special attention is paid to the use of export-import management measures by machine-engineering enterprises after the start of a full-scale invasion.

Business and Tech Trends in Rural India: An Analysis of Growth, Challenges, and Opportunities

Business and Tech Trends in Rural India: An Analysis of Growth, Challenges, and Opportunities

Application of AI in Cloud Computing

AI in cloud computing is a growing field that focuses on creating intelligent solutions for many industries. AI cloud computing enables companies to create dynamic applications by providing machine learning and analytics tools to perform advanced tasks. AI cloud computing focuses on creating these intelligent applications to help businesses use big data, provide systems for advanced operations, and predict and forecast future growth. Do it. This leads to good profitability and long-term operation of the business. This white paper examines the evolution of cloud computing, its benefits for small and large businesses, the latest business trends, use cases, and future predictions.

Technology Trends Revolutionizing the World of Work- Auto Industry Perspective based on the SDG

Aim/Purpose: Disruptive technologies impact business cycles and work practices, paving the way for new-generation manufacturing trends. Organizations are constantly working to introduce products with a higher degree of innovation, catering to customer demands in the market. Background: The automobile industry plays a significant role in applying disruptive technologies while proving value to all stakeholders. The technological disruptions in the auto sector can potentially change the relationship between consumers and the automobile while impacting business trends and work practices. Methodology: Various scholarly research material was reviewed to understand the impact of technology disruptions on manufacturing methods, work practices, employee engagement, and skill development. Secondary data analysis was conducted for this qualitative and descriptive study. Contribution: This paper helps to understand the impact created by various technologies in the auto sector on employee retention—the role of man- Machine collaboration in creating job satisfaction among employees. Findings: Besides automation and digitalization, AI, Robotics, and Mechatronics play a crucial role in the sector's evolution. The study findings help us understand the impact of technology on manufacturing and business practices. Recommendation for Practitioners: Investment in training the workforce and embracing collaboration helps employees to benefit from the real world of work. Recommendation for Researcher: To ensure the relevance of research studies, practitioners and researchers should maintain a collaborative approach, using research insights to inform business strategies. Impact on Society: Analyze how technologies like collaborative robots (cobots) are integrated into manufacturing processes and their impact on job roles and efficiency. Technology continues to evolve, so societies shall proactively address challenges and leverage opportunities to take advantage of these innovations. It is the role of government policymakers, industry stakeholders, and educators to shape the auto industry's future in a way that maximizes the benefits to society from technological innovation. Future Research: The study's scope is to be done quantitatively by covering OEMs all over India. It discussed disruptive technology in general. Specific technological advancements can be analysed to dive deep into the phenomenon. A similar study could be undertaken in another industry besides the automobile.

Review on the application of data security in the enterprise management

In recent decades, cybersecurity has become a crucial topic in business management, centred around the three core elements of Confidentiality, Integrity, and Availability (C.I.A.) of information technology. Cybersecurity aims to protect IT systems and networks from cyberattacks, with data as the primary focus. In business management, strategies for addressing potential threats vary depending on the size and type of business. This writing explores the preferences for implementing cybersecurity strategies in business management and trends in the development of data security mitigation. It analyses the mitigation strategies adopted by different enterprises, identifies patterns between data security strategies and enterprise attributes, and examines the preferences and constraints faced by enterprises in developing cybersecurity programs. The study highlights trends in the implementation of data security strategies, emphasizes the importance of cybersecurity, and provides insights into future trends in digital security within enterprise management and development. It also addresses the challenges faced by businesses, particularly small and medium-sized enterprises, in implementing effective cybersecurity measures due to limited resources.

MILESTONES IN THE DEVELOPMENT OF ORGANIZATIONAL MODELS BASED ON THE THEORY OF SPIRAL DYNAMICS

The article examines the milestones of the development of the business environment through the prism of industrial revolutions and the theory of spiral dynamics of organizational development. The past influences the present. The present shapes the future. The world is a complex, interconnected whole that is difficult to represent and understand, especially regarding complex socio-economic processes and organizational systems, including enterprises. The first radical change began precisely with the agrarian revolution when people domesticated animals as a basis for the transition from gathering to agriculture. After the agrarian revolution, radical industrial changes began in the 18th century. The first industrial revolution (from the 1760s to the 1840s) - the invention of the steam engine and the construction of railways. The second industrial revolution (the end of the 19th and the beginning of the 20th century) - the emergence of mass production thanks to the invention of electricity and the introduction of the conveyor. The third industrial revolution, from the 1960s, - was the emergence of semiconductors and their use in large electronic computing machines, personal computers, and the Internet. The fourth industrial revolution began at the beginning of the 21st century and is characterized by the emergence of "smart enterprises". The content and essential components of these periods imposed and imposed their understanding on the development of organizational models and the way of interaction between stakeholders and the economic entities themselves, which arose at the later stages of development and are developing under the influence of global business trends. Deepening the understanding of the nature of modern approaches in management aimed at the development of organizational systems allows turning to the past and investigating issues of organizational models on the way of the history of human development based on the theory of spiral dynamics (Don et al.), which is based on a dynamic model of human development and evolution of her consciousness, change of fundamental values. So, from the standpoint of the concept of systemic perfection of a business organization, based on the theory of spiral dynamics, its consideration can be started in the system-wide understanding of the system state, which corresponds to a greater extent to the content of perfection - from the orange stage and more/less corresponds to the current trends of the fourth industrial revolution. A significant strategic gap occurs based on the mismatch between the stage of development according to the milestones of industrial revolutions and the organization's current state in relation to the theory of spiral dynamics. For example, a red organization that functions in the fourth industrial revolution era. Management of changes in paradigms of thinking is the art of management.

Business Management and Environmental, Social and Corporate Governance: The Tripod of Sustainability in Organizations

Objective: To analyze the applicability of the triple bottom line in organizations, aiming to integrate social, environmental and economic practices to promote sustainable development. Methodology: A quantitative exploratory approach was adopted to investigate managers’ perceptions about the integration of environmental, social and economic practices in organizations. Exploratory research was chosen to explore an emerging theme in the literature and business practice, identifying patterns and trends. A convenient sample of 92 managers was selected based on accessibility and relevance of experience, ensuring valuable insights. A structured questionnaire with closed questions and evaluation scales was used, developed based on a literature review and consultations with experts. Data analysis, carried out with descriptive statistics, such as means and percentages, highlighted patterns in managers’ perceptions about the implementation of the triple bottom line in companies. Results and discussions: The results reveal that there is a growing recognition of the importance of environmental practices, although they are not always absolutely prioritized. Internal resistance to change was identified as one of the main obstacles to implementing sustainable practices, along with challenges in measuring social and environmental impacts. On the other hand, the research highlighted opportunities such as strengthening corporate image, improving stakeholder relations and accessing new markets, suggesting that the effective integration of the triple bottom line is not only feasible, but crucial for long-term business success. Final considerations: The research demonstrated that the integration of the triple bottom line in organizations is not only feasible, but also fundamental to promoting sustainable development. Despite the growing recognition of the importance of environmental practices, internal resistance to change and difficulties in measuring social and environmental impacts represent significant challenges. However, the results also highlighted opportunities such as strengthening corporate image, improving stakeholder relations and accessing new markets. These findings underscore the need for business strategies that balance economic efficiency with social and environmental responsibility, aiming not only at profit, but also at long-term sustainability.

The future of medicine: an outline attempt using state-of-the-art business and scientific trends.

Currently, there is a lot of discussion about the future of medicine. From research and development to regulatory approval and access to patients until the withdrawal of a medicinal product from the market, there have been many challenges and a lot of barriers to overcome. In parallel, the business environment changes rapidly. So, the big question is how the pharma ecosystem will evolve in the future. The current literature about the latest business and scientific evolutions and trends was reviewed. In the business environment, vast changes have taken place via the development of the internet as well as the Internet of Things. A new approach to production has emerged in a frame called Creative Commons; producer and consumer may be gradually identified in the context of the same process. As technology rapidly evolves, it is dominated by Artificial Intelligence (AI), its subset, Machine Learning, and the use of Big Data and Real-World Data (RWD) to produce Real-World Evidence (RWE). Nanotechnology is an inter-science field that gives new opportunities for the manufacturing of devices and products that have dimensions of a billionth of a meter. Artificial Neural Networks and Deep Learning (DL) are mimicking the use of the human brain, combining computer science with new theoretical foundations for complex systems. The implementation of these evolutions has already been initiated in the medicinal products' lifecycle, including screening of drug candidates, clinical trials, pharmacovigilance (PV), marketing authorization, manufacturing, and the supply chain. This has emerged as a new ecosystem which features characteristics such as free online tools and free data available online. Personalized medicine is a breakthrough field where tailor-made therapeutic solutions can be provided customized to the genome of each patient. Various interactions take place as the pharma ecosystem and technology rapidly evolve. This can lead to better, safer, and more effective treatments that are developed faster and with a more solid, data-driven and evidence-concrete approach, which will drive the benefit for the patient.

Features that Guarantee High-Quality Authorship for Social E-Commerce

Demand for flower arrangements from various market segments in Indonesia is growing along with increasing consumer interest in using social media-based online sales platforms. Creative money bouquet product ideas are one of the newest trends in the flower arrangement business. The risk of lower product quality often arises after the delivery process, where the product received does not match the image published on the platform. Customer dissatisfaction often occurs in similar transactions due to the role of product packaging in increasing the quality of the money bouquet product. The aim of this research is to find out how appropriate product packaging can increase the selling power of a product on the market. This research uses a qualitative with a narrative approach as the research methodology. The sampling method used in this research was purposive sampling. The research object is @Moneyrist.id and The subjects in this research are IE-social customers.commerce. Observation and unstructured interviews were used to collect data, with the findings showing that product packaging is designed according to customer needs and must consider safety factors. This is a guarantee that the product will reach the customer's hands in good condition. The implications of this research focus on increasing customer trust through features that ensure the quality of money arrangements on social e-commerce platforms, with a case study on Moneyrist.id.

Addressing The Importance of Financed Emissions to The Indonesian Financial Sector

Business trends, including the disclosure of financed emissions, drive more precise sustainability reporting. Financed emissions are greenhouse gas emissions from activities or projects sponsored by financial institutions, such as banks, insurance firms, pension funds, and other financial institutions. This concept emerges from an examination of the function of a financial service institution in distributing capital to companies that emit emissions or have a high carbon footprint. This study aims to examine the phenomenon of financed emissions and formulate policy recommendations to disclose financed emissions in Indonesia. Employing a systematic literature review approach, this study discovered various emission accounting standards, including the GHG Protocol, PCAF, and new standards developed by the ISSB and TCFD. The issuance of green bond instruments, sustainable loans, and the formation of carbon exchanges all contribute to Indonesia’s emission accounting reporting regime. Policy recommendations include the development of environmentally sound KYC policies for financial services institutions, the synchronization of business classification according to the Green Taxonomy or KUBL, and proposals for investment emission intensity taxation in Indonesia. However, hurdles to financed emission disclosure include data quality, complexity of the finance transaction structure's complexity, the technology's equivalency, and incomplete standard setting.

Embracing Business Sustainability: The Case of Small and Micro Tourist Accommodation In The Upper East Region

Purpose: This study holds significant importance as it delves into the degree to which small and micro tourist businesses (SMTBs), particularly small lodging businesses in the Upper East Region of Ghana, have adopted the concept of sustainability. This investigation is crucial for understanding the current state of sustainability in the tourism industry. Design/Methodology/ Approach: This study employed a purposive sampling technique and conducted a comprehensive survey of 196 lodging facility owner-managers. The responses of 144 participants were meticulously examined to gauge the level of sustainability embraced by their companies. A 5-point Likert-type scale, ranging from 1 (not at all) to 5 (very much so), was used to measure the responses. The statistical techniques of ANOVA and frequency analysis were employed to investigate and test the means of the variables and their significance across business categories. Findings: The findings revealed that, depending on the type of business, there are notable variations in the following areas: 1) attitude toward accepting sustainability; 2) application of sustainability for their enterprises; and 3) understanding of the obstacles to applying sustainability among owner-managers of lodging houses. Research Limitation/Implication: This study was only exploratory due to some practical constraints and methodological limitations that prevented the inclusion of a wide range of sectors. It also focused on SMTBs in only the Upper East Region of Ghana. Practical Implication: A policy foundation is necessary for small businesses to respond dynamically to changing business and social environment trends. For example, environmental marks in the manufacturing industry, environmental tourism management practices, and environmental tourism consumption experiences should be introduced and rewarded, and related promotion measures should be specified. Social Implication: The study recommends policy options for improving SMTB sustainability and how their establishments can impact the environment and society. Originality/Value: The study's originality is how SMBTs respond to environmental sustainability concerning their business characteristics at the local level. Secondly, the Upper East Region of Ghana has many tourism businesses; hence, there is a need to understand the concept of sustainable tourism specifically applied to business activities.

Business Process Management based on the project and knowledge perspective

New technological solutions require an organization to adapt constantly to changes in a dynamic environment. More and more enterprises implement Business Process Management, both at the strategic and operational levels, taking into account the project perspective based on knowledge resources. The aim of the article is to show the usefulness of building links between processes and projects based on knowledge resources in dynamic changeable technological circumstances based on research conducted in Poland. The approach guides Business Process Management activities by supporting organizations in identifying opportunities from business and technology trends and integrating them into business processes with novel value propositions.

INFLUENCE OF GREEN HUMAN RESOURCE PRACTICES ON SUSTAINABLE ORGANIZATIONAL PERFORMANCE: A REVIEW OF LITERATURE

The concept of “going green” has revolutionized business operations, leading organizations to prioritize social and environmental sustainability, including financial benefits. The Triple Bottom Line (TBL) theory’s three pillars of sustainable performance -economic, social, and environmental performance have also come to dominate contemporary business trends and have influenced the field of human resource management (HRM). Human resource management plays a crucial role in achieving sustainable organizational performance, with the enactment of green HR practices becoming a prominent strategy for aligning financial objectives with sustainable goals. This study aims to examine green HRM practices and their influence on achieving sustainable organizational performance to advance the ideology of green HRM and identify the research gap in this area. The study employed desk-based research using well-recognized academic databases such as ELSEVIER, Emerald Insight, Google Scholar, JSTOR, SCOPUS, etc. and extracted 66 articles using keywords such as green HRM, HRM practices, and sustainable organizational performance. The findings of the study extend that green recruitment and selection, green induction, green training, green rewards and compensation, and green employee discipline management significantly foster the green behavior of employees ultimately achieving sustainable organizational performance. This review contributes to the current literature on green HRM and eventually helps HR managers incorporate sustainability into their HR practices successfully.

PERCEIVED RISKS MEDIATE THE RELATIONSHIP BETWEEN TOURISM DESTINATION IMAGE AND TOURIST BEHAVIOURAL INTENTION: A SYSTEMATIC REVIEW (2018-2024)

Tourism industry has become the backbone of most countries’ economies. In most countries, it helped and contributed to the growth of the national Gross Domestic Product (GDP). There are many types of tourism businesses that focus on meeting the needs of different types of customers. Trends in the tourism business are always shifting. Nowadays, tourists are attracted to explore something adventurous in nature sites. However, an increase in the number of natural disasters reported in the media lead to uncertainty of the tourism destination. In fact, it has gained the prominence of all agencies, mainly the tourists, especially when it is related to their safety and security issues. Even though outdoor and adventure sports tend to involve risks, many of the tourists still support nature and extreme activities because it is a natural human life that will do something that makes them happy and feel thrilled of extremeness. Thus, the purpose of this paper is to review the relevant literature on how destination image and perceived risk as a mediating role can affect behavioural intention. To prepare the groundwork, for the subsequent literature review, the key terms are explained. This is followed by a comprehensive discussion about the destination image and its elements. This paper concludes that the elements of destination image should be viewed as a set and associated with perceived risk and behavioural intention. The findings provide an all-encompassing understanding of destination image, illustrate the academic evolution of the topic, and point to crucial directions for future research.