scholarly journals Determinants Affecting the Adoption of E-commerce and Its Impact on Organisational Performance of SMEs in Sri Lanka

2021 ◽  
Vol 9 (4) ◽  
pp. 23-43
Author(s):  
Kapila Fonseka ◽  
Dr Adam Jaharadak ◽  
Murali Raman ◽  
Jacquline Tham
Keyword(s):  
Sri Lanka ◽  
Business Strategy ◽  
Diffusion Of Innovations ◽  
Industrial Revolution ◽  
Developed Countries ◽  
Business Strategies ◽  
Organisational Performance ◽  
Senior Managers ◽  
Modern Business ◽  
And Diffusion

The Internet has become the best innovative driver in the fourth industrial revolution, transforming businesses into a technological era with speed and cost-effectiveness. E-commerce is one of the modern business strategies used by many companies to expand their market without limiting its geographical boundaries. This business strategy was initially used by companies in developed countries and eventually adopted by developing countries. Sri Lanka is a developing country and e-commerce penetration is far below other countries in the region. Perceived benefits, transformational leadership, and competitive pressure are the influencing factors of e-commerce adoption. The Technology-Organization-Environment and Diffusion of Innovations theories were used as the base of this research, and 350 samples were collected from the senior managers of SMEs. All factors significantly influenced e-commerce adoption and that positively affected the organisational performance of SMEs in Sri Lanka.

AKSELERASI ADAPTASI REVOLUSI INDUSTRI 4.0 DI TENGAH PANDEMI COVID-19, SEBAGAI PELUANG PENINGKATAN SEKTOR EKONOMI DAN BISNIS MELALUI DIGITALISASI STRATEGI BISNIS

2021 ◽  
Vol 2 (1) ◽  
pp. 1-13
Author(s):  
Fitrina Gusvi ◽  
Deni Saputri
Keyword(s):  
Business Strategy ◽  
Industrial Revolution ◽  
Virus Disease ◽  
Health Sector ◽  
Business Strategies ◽  
Literature Study ◽  
Business People ◽  
Corona Virus ◽  
Huge Impact ◽  
Business Sectors

The Covid 19 pandemic so far has made a huge impact in various lines of life, especially for the Indonesian. This pandemic has not only caused a crisis in the health sector, but has created a domino effect that has also caused crises in other fields such as economic, social and religious life. From an economic standpoint, the outbreak of the Covid 19 virus has forced many business actors to go out of business or if someone survives they are forced to cut the number of employees so that the flow of layoffs increases during this time. Business actors who are trying to survive on this crisis are required to find the best solutions to keep producing and selling products, of course with more innovative things. The following article is a literature study on how accelerated adaption to the industrial revolution 4.0 in the Corona Virus Desease 19 pandemic as an opportunity to increrase the economic and business sectors through digitization of business strategies. The method used is to examine several research results that have been published in journals that explain the Covid 19 pandemic and solutions for business people to survive at this time. The findings of this study inform that one of the solutions that can be applied during this pandemic to survive in running a business for business actors is digitization of business strategies in each business run in order to reach wider consumers and increase profitability. This digitization of business strategies has proven to be able to help businesses survive a pandemic by adjusting the sales method that was previously conventional to digital.Keyword: Corona virus disease-19; industrial revolution 4.0; digitization; business strategy Pandemi Covid 19 sejauh ini telah mengakibatkan dampak yang begitu besar dalam berbagai lini kehidupan khususnya bagi bangsa Indonesia. Pandemi ini tidak hanya menyebabkan krisi dalam bidang kesehatan saja, namun menimbulkan efek domino sehingga juga menimbulkan krisis di bidang-bidang lain seperti ekonomi, sosial dan kehidupan beragama. Dari sisi ekonomi, mewabahnya virus Covid 19 memaksa banyak para pelaku usaha untuk gulung tikar atau pun jika ada yang bertahan terpaksa memangkas jumlah karyawan sehingga arus gelombang PHK meningkat selama masa ini. Para pelaku usaha yang berusaha bertahan dalam krisis ini, dituntut untuk menemukan solusi terbaik untuk dapat tetap berproduksi dan menjual produk, tentunya dengan hal-hal yang lebih inovatif. Tulisan berikut ini adalah studi literatur tentang bagaimana akselerasi adaptasi revolusi industri 4.0 di tengah pandemi covid-19 sebagai peluang peningkatan sektor ekonomi dan bisnis melalui digitalisasi strategi bisnis. Metode yang digunakan adalah mengkaji beberapa hasil penelitian yang pernah dimuat pada jurnal-jurnal yang menjelaskan seputar pandemic Covid 19 dan solusi bagi pelaku bisnis bertahan di masa ini. Temuan penelitian ini menginformasikan bahwa salah satu solusi yang dapat diterapkan di masa pandemi ini untuk tetap bertahan menjalankan usaha bagi para pelaku usaha adalah dengan digitalisasi strategi bisnis pada tiap-tiap usaha yang dijalankan agar dapat menjangkau konsumen lebih luas dan dapat meningkatkan profitabilitas. digitalisasi strategi bisnis ini terbukti mampu membantu para pelaku usaha untuk bertahan di masa pandemi dengan jalan menyesuaikan metode penjualan yang semula konvensional diubah kea rah digital.Kata kunci: Covid 19; akselerasi digital;  revolusi industri 4.0; digitalisasi; strategi bisnis

Personal Capitalism and British Industrial Decline: The Personally Managed Firm and Business Strategy in Sheffield, 1880–1920

1994 ◽  
Vol 68 (3) ◽  
pp. 364-411 ◽  
Author(s):  
Roger Lloyd-Jones ◽  
Myrddin J. Lewis
Keyword(s):  
Business Strategy ◽  
Industrial Revolution ◽  
Business Strategies ◽  
Business Success ◽  
Flexible Technology ◽  
Long Run ◽  
Industrial Decline ◽  
High Degree ◽  
Quality Production

Alfred D. Chandler, Jr., has maintained that the persistence of the personally managed firm in Britain may be a cause of that nation's long-run industrial decline. This article contributes to the debate over decline through a detailed exploration of the business role of personally managed firms in a strategic sector of the Second Industrial Revolution: the metal and metal-making trades of Sheffield. Our study shows that the business strategies of Sheffield firms, based on quality production and flexible technology, had close similarities to those of American companies described by scholars such as Philip Scranton. Many of the Sheffield firms were not lacking in enterprise; they demonstrated tenacity and, in certain key segments of the metal trades, enjoyed a high degree of business success. Our examination of personal capitalism in Sheffield suggests that the terms of the debate over Britain's industrial decline may require further refinement.

scholarly journals The information technology industrial revolution and its role in building business strategy of global retail

2020 ◽  
Vol 19 (2) ◽  
pp. 151-158
Author(s):  
Lena Ellitan
Keyword(s):  
Information Technology ◽  
Business Strategy ◽  
Business Performance ◽  
Business Processes ◽  
Industrial Revolution ◽  
Business Strategies ◽  
Retail Industry ◽  
Wave Flow ◽  
Large Wave ◽  
Retail Company

The need to process the rate of information more and more quickly, forcing companies to continue on innovate in the field of information technology and devices. A large wave flow and information flow must be immediately processed and used by the company to be able to maintain and improve its business performance. This article will focus on the discussion of the success of the giant global retail and how information technology supports its success and existence. Information technology is also the reason why conventional retail is unable to compete with online retail or e-commerce. Information technology is a catalyst for complementary change, which triggers new innovations that complement each other in business processes, such as finding new ways to reach customers, and new ways to communicate with suppliers and consumers. In other words, information technology has helped build the business strategy of global retail players in developing their business strategies. Likewise what happens in the global retail industry, they will continuously evolve to follow developments in Industry 4.0 and Society 5.0. This 4.0-era global retail company is a pioneer that utilizes the industrial revolution and builds its own dynasty in new retail models introduced by the global retail industry.

The significant of business strategy in improving organizational performance

Humanomics ◽  
2017 ◽  
Vol 33 (1) ◽  
pp. 56-74 ◽  
Author(s):  
Yuliansyah Yuliansyah ◽  
Bruce Gurd ◽  
Nafsiah Mohamed
Keyword(s):  
Performance Measurement ◽  
Organizational Performance ◽  
Financial Institutions ◽  
Business Strategy ◽  
Mediating Effect ◽  
Superior Performance ◽  
Business Strategies ◽  
Organisational Performance ◽  
Content Type ◽  
The Relationship

Purpose This research aims to investigate the extent to which business strategy mediates the relationship between reliance on integrative strategic performance measurement (RISPM) and organisational performance. Design/methodology/approach A self-administered survey of 157 managers in Indonesian financial institutions was used to test direct and indirect effects among the hypothesised variables. Findings The findings indicate that business strategy has a full mediating effect on the relationship between RISPM and organisational performance. Originality/value This study indicates that performance measurement systems should be designed in conjunction with business strategies to obtain superior performance. More specifically, in the Indonesian financial institutions, applying a differentiation strategy is found to be most effective in gaining competitive advantage and superior performance.

scholarly journals NEW BUSINESS STRATEGIES FORMATION OF ENTERPRISES AND OUTSOURCING DEVELOPMENT AS A CONDITION FOR INCREASING COMPETITIVENESS IN THE MARKETS OF EUROPE AND UKRAINE: COMPARATIVE ANALYSIS

2021 ◽  
Vol 7 (4) ◽  
pp. 203-213
Author(s):  
Svitlana Khalatur ◽  
Nataliia Kuprina ◽  
Larysa Kurbatska
Keyword(s):  
Economic Development ◽  
Business Strategy ◽  
New Technologies ◽  
Financial Analysis ◽  
Business Strategies ◽  
Business Practices ◽  
Infrastructure Development ◽  
First Case ◽  
New Business ◽  
Modern Business

The purpose of the article is to substantiate the need for the formation of new business strategies of enterprises and the development of outsourcing as a condition for increasing competitiveness in the markets of Europe and Ukraine. The subject of research is the process of forming new business strategies of enterprises and the development of outsourcing as a condition for increasing competitiveness in the markets of Europe and Ukraine. Methodology. Theoretical and methodological basis of the study is the theory of systems, the theory of economic development, scientific developments of foreign and domestic models on the business strategy formation of enterprises, economic development of European countries. General scientific and special methods were used to achieve a specific goal, in particular: the methods of economic and financial analysis; statistical and economic method, including comparison, as well as the graphical method. Conclusion. Thus, in the context of globalization, all countries and their businesses are looking for new forms of international cooperation, including outsourcing. The effectiveness of outsourcing business strategies is confirmed by global practice, which shows that currently more than half of European companies use outsourcing in their activities. There is a unique opportunity for Ukraine and its regions to take advantage of international outsourcing due to the possible positioning in today's market both as a provider of outsourcing services and as a customer. In the first case, this can be achieved through an attractive ratio of high skills and low wages, a satisfactory level of infrastructure development, and in the second case – by getting access to cheaper or rare resources, new technologies, best business practices, which forms the basis for the transition of Ukrainian enterprises to innovative development. Outsourcing is an effective way of doing business, given the benefits and opportunities that the customer company receives when using it. The business model of innovative outsourcing is an important direction of modern business development in the global marketplace. Nowadays, personnel outsourcing is an effective tool for improving the performance of any enterprise, taking into account the above-mentioned advantages and limitations that the customer receives in their application. However, outsourcing should not be considered a universal tool for solving issues and problems of enterprises, as there are tasks that can not be entrusted to independent professionals. Any business strategy of the enterprise must be consistent with the probable risks.

scholarly journals The alignment between effective people management, business strategy and organisational performance in the banking and insurance sector

2002 ◽  
Vol 28 (3) ◽  
Author(s):  
Ruwayne Kock ◽  
Gert Roodt ◽  
Theo H. Veldsman
Keyword(s):  
South Africa ◽  
Best Practices ◽  
South African ◽  
Business Strategy ◽  
Insurance Industry ◽  
Business Strategies ◽  
Organisational Performance ◽  
Management Effectiveness ◽  
Insurance Sector ◽  
Industry Needs

The aim of the study was to determine the nature of the alignment between people management effectiveness, business strategy and organisational performance within the banking and insurance sector in South Africa. From the field study, it was evident that the majority of the participating companies fell short of people management best practices and were therefore unable to support their business strategies, which were in line with best practices. The organisational performance data was insufficient to determine the nature of the alignment between organisational performance, people management, and business strategy. The South African banking and insurance industry needs to realign their people management component to support the appropriate business strategy and to produce a desired level of organisational performance. Opsomming Die doel van die studie was om die onderlinge verhouding tussen mensbestuursdoeltreffendheid, besigheidstrategie en organisasieresultate binne die Suid-Afrikaanse bank- en versekeringsektor te ondersoek. Diestudie het duidelik gewys dat toonaangewende bestuurspraktyke by die meerderheid van die deelnemende organisasies ontbreek. Die mensbestuur was nie in staat om die besigheidstrategieë te ondersteun nie wat wel met wêreldwye beste praktyke ooreenstem. Inligting oor organisasieresultate was onvoldoende om enige afleiding te maak. Mensbestuur in die Suid-Afrikaanse bank- en versekeringsektor moet met die besigheidstrategie belyn word om die verwagte organisasieresultate te lewer.

scholarly journals Knowledge Management Components and Their Impact on Work Engagement of Employees

2019 ◽  
Vol 65 (1) ◽  
pp. 40-56
Author(s):  
Maja Rožman ◽  
Zhanna Shmeleva ◽  
Polona Tominc
Keyword(s):  
Knowledge Management ◽  
Work Engagement ◽  
Business Strategy ◽  
World Market ◽  
Business Environment ◽  
Measurement Scales ◽  
Senior Managers ◽  
Global Trends ◽  
Modern Business ◽  
The Impact

AbstractIn light of globalization and modern business, companies are typically exposed to challenges caused by unpredictable and complex competitive environments. The business environment, with global trends and stringent competition in the world market, now faces significant changes that companies should introduce into their current business operations. Among them, the human resource management of knowledge employees has become extremely important. The main aim of this article is to establish the impact of components of knowledge management on work engagement of employees in Slovenian companies. In the empirical part of the research, a sample of 112 Slovenian companies was obtained. Senior managers of companies and their employees were surveyed, using the questionnaire developed based on existing measurement scales. The results will help us to better understand the importance of knowledge management in Slovenian companies and its importance as a business strategy that must be fully integrated within all of the employees’ related processes of the company.

scholarly journals Business Strategies in HR in Times of Crisis: The Case of Agri-Food Industry in Central Greece

Businesses ◽  
2021 ◽  
Vol 1 (1) ◽  
pp. 36-50
Author(s):  
Konstantina Ragazou
Keyword(s):  
Food Industry ◽  
Group Discussion ◽  
Business Strategies ◽  
Food Sector ◽  
Central Greece ◽  
Internal Mobility ◽  
Modern Business ◽  
Mobility Training ◽  
A Company ◽  
Depth Interviews

Crisis, in whatever form it takes, is a challenge for modern business. The challenge lies in the fact that a company is prepared to balance the difficult conditions that are created, while preserving their business interest and efficiency. Thus, companies focus only on their perceived fixed bases, those that are in the internal environment such as the human capital. The need for better human resource management is more urgent than ever, and the burden on the business department is particularly great. The aim of this qualitative research is to highlight the strategies that were developed by agri-food companies in Greece and contribute to the maintenance and motivation of employees in the context of economic crisis. The methodology of this study is based on in depth interviews that were conducted in focus group discussion. Eleven companies from the agri-food sector in the region of Central Greece participated in the research. The executives highlighted three different strategies that were developed by agri-food companies in Greece, which focused on internal mobility, training and appraisal performance. Companies had to face different difficulties to use these strategies, but most of them proved that they can face their weaknesses and apply these strategies in a turbulent period like a financial crisis.

scholarly journals Canonical Correlation Analysis and a New Composite Index on Digitalization and Labor Force in the Context of the Industrial Revolution 4.0

2020 ◽  
Vol 12 (17) ◽  
pp. 6812
Author(s):  
Ane-Mari Androniceanu ◽  
Irina Georgescu ◽  
Manuela Tvaronavičienė ◽  
Armenia Androniceanu
Keyword(s):  
Correlation Analysis ◽  
Labor Force ◽  
Canonical Correlation Analysis ◽  
Canonical Correlation ◽  
Structural Changes ◽  
Industrial Revolution ◽  
Composite Index ◽  
Developed Countries ◽  
World Economic ◽  
The Impact

The current phenomenon of the economy-accelerated digitalization, known as the “Industry 4.0”, will generate both an increased productivity, connectivity and several transformations on the labor force skills. Our research objectives are to determine the influence that digitalization has had on the workforce in several developed countries and to propose a new composite indicator that reflects these dynamics over time. We have used the Canonical Correlation Analysis (CCA) in order to identify and analyze the correlations between two sets of variables, an independent one and a dependent one. Data were collected from the World Bank and World Economic Forum for the years 2018–2019. Based on the results of our research we have determined and made a consistent analysis of the new composite index of digitalization and labor force in 19 countries. The results of our research are relevant and show not only the impact of digitalization on the labor force in different countries, but also the structural changes required by the new economic and social models. Our research can help decision-makers get in advance the necessary measures in the field of labor force in order to ensure a proper integration of these measures into the new economic model based on digitalization.

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