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Florin Lucian Isac and Eugen Florin Remes

Abstract

Culture is a concept with different meanings, which is in close contact with the business world as well. Its influence on managerial activities within current organizations cannot be questioned, especially in the existing political, economic and social context. Nowadays, one of the specific ways of formulating and implementing strategies at the level of companies is related to the change of organizational culture. This paper aims to highlight, from a managerial perspective, the way in which the existing strategies at the organizational level are influenced by different cultural contexts. Sometimes strategy can be considered as a variable determined and constrained by the culture in which it is defined. It is not limited to the reflection and expression of culture but rather influences and changes it.

Open access

Dan Stelian Deac and Klaus Bruno Schebesch

Abstract

Using efficient marketing strategies for understanding and improving the relation between vendors and clients rests upon analyzing and forecasting a wealth of data which appear at different time resolutions and at levels of aggregation. More often than not, market success does not have consistent explanations in terms of a few independent influence factors. Indeed, it may be difficult to explain why certain products or services tend to sell well while others do not. The rather limited success of finding general explanations from which to draw specific conclusions good enough in order to generate forecasting models results in our proposal to use data driven models with no strong prior hypothesis concerning the nature of dependencies between potentially relevant variables. If the relations between the data are not purely random, then a general or flexible enough data driven model will eventually identify them. However, this may come at a high cost concerning computational resources and with the risk of overtraining. It may also preclude any useful on-line or real time applications of such models. In order to remedy this, we propose a modeling cycle which provides information about the adequacy of a model complexity class and which also highlights some nonstandard measures of expected model performance.

Open access

Olimpia Neagu and Mircea Constantin Teodoru

Abstract

The paper explores the association between economic competitiveness and inclusive development in 101 economies based on data provided by the 2018 World Economic Forum reports. Coefficients of ranks correlation and cluster analysis are used in this view. The values of Competitiveness Index and of Inclusive Development Index delivered by the 2018 World Economic Forum reports are considered. Economic competitiveness and inclusive development are positively associated in our sample of 101 economies and the correlation is stronger in the emerging countries as in the group of advanced economies. Among the advanced economies the mean scores of GCI and IDI are higher than in the group of emerging countries showing a better coordination of economic and institutional factors driving competitivity as well as inclusiveness. Countries belonging to a geographical region/continent/economic group are not grouped in the same cluster, emphasizing disparities among countries at regional/continental/economic group level. In the group of emerging economies, the disparities regarding competitivity and inclusiveness are lower than those among the advanced economies, the clusters are closer to one another and they are more homogeneous. Greater competitivity and economic performance can generate socioeconomic inequity that should be corrected through appropriate economic and social policy measures aimed to lead to wider distrbution of income and social inclusiveness.

Open access

Talknice Saungweme and Nicholas M. Odhiambo

Abstract

This paper provides a conceptual analysis of government debt servicing in Zimbabwe from 1980 to 2015. The mounting debt burden arising largely from nonconcessionary foreign loans since the 1980s, and the economic hardships that characterise the country beginning the late 1990s, caused dreadful public debt servicing challenges. Thus, the paper discusses the public debt service reforms and policies; trends; and problems in Zimbabwe over the review period. In the paper, it was identified that between 1983 and 1997, the government’s debt servicing costs were growing exponentially, resulting in liquidity challenges. However, between 1998 and 2015, the country had plunged into public debt service overhang, with public debt servicing liabilities exceeding the country’s foreign exchange earnings. Notwithstanding the various public debt servicing reforms to boost domestic revenues, Zimbabwe, as many other developing countries, still faces a number of debt servicing problems. Among others, these include: high government debt, low industrial and export competitiveness, narrow revenue base and subdued investor confidence. The paper recommends the government of Zimbabwe to undertake the following measures, among others, aimed at either boosting or expanding the revenue base: (i) improving tax enforcements; (ii) mobilising the informal sector; and (iii) expanding the productive capacity of public entities.

Open access

Dinar Melani Hutajulu, M. Nasir and Arwansyah

Abstract

Pakpak Bharat Regency is an area with the lowest Gross Regional Domestic Product and Income percapita from 33 regency/city in North Sumatera Province. Because of this problem, to be important to know how the base sectors can improve the economy of Pakpak Bharat Regency. In this research, the study aims: (1) To know the base sectors in the economy of Pakpak Bharat Regency (2) To know the sector clasification of Gross Regional Domestic Product (GRDP) in Pakpak Bharat Regency (3) To know how the base sectors effect the Gross Regional Domestic Product of Pakpak Bharat Regency. The data used in this study is secondary data and readings related to research. The tests used in this study are Klassen Typology, Location Quotient, and Least Square test. The research finds that: (1) the economics of Pakpak Bharat Regency is divided into several quadrants, is advanced and rapidly growing sectors (Quadrant I), advanced but depressed sectors (Quadrant II), potential sector (Quadrant III), and lagging sector (Quadrant IV). (2) sectors classified as advanced sectors in Quadrant I and Quadrant II (amounting to 4 sectors) are basic sectors in Pakpak Bharat Regency with LQ>1. (3) there is a positive and significant influence between the base sector on the GRDP of Pakpak Bharat Regency.

Open access

Marcela Tittlová

Abstract

Criminal behavior of youth is a constantly current problem. It is not a new problem, a new one emerging and exploring. In the historical context, we meet him quite early. Likewise, we are punished with the possibilities and attempts to solve it. As we are currently talking about a very topical issue, it is clear that this phenomenon is not quite at the professional and legal level. Instead, rather than the consequences, it is necessary to examine the causes of the criminal behavior of youth. Often, they are conditioned by the criminal behavior themselves against the children taking these patterns and models into their behavior and their reactions. From the point of view of the possibilities of solution, then we get completely into other areas and other spheres.

Open access

Eric Tsui and Nikolina Dragicevic

Abstract

In much of the current discussions on business environments, a recurring theme both for academics and practitioners is that it is marked by inherent uncertainty (unknown unknowns). Hence, knowledge workers must have skills and understanding of the possible ways to navigate through and adapt to constant change. However, the tendency of prevailing approaches to curriculum development to focus on (static) learning outcomes, we argue, is not appropriate to train young people to adapt to the unpredictable working environment. Instead, more dynamic approaches to curriculum are required, which would instead focus on learning as a continuous relearning and emergent process of adaptation and stimulate students' inquiry and intellectual and creative skills. This paper approaches the issue by discussing the opportunities of using scenario thinking and development together with a personal learning environment and network (PLE&N) for co-creating a curriculum with students, teachers, and practitioners in higher education. In short, the methodology underpinning scenario development recognizes that uncertainty can be best dealt with and understood from the perspective of a range of possibilities and multiple futures through a facilitated, coherently structured process. PLE&N, on the other hand, serves as a learning space which stimulates self-regulated and network-based learning. The paper contends that curriculum informed by such a design methodology would lead to more frequent and appropriate updates as well as equip students with skills to work in a volatile, uncertain, complex, and ambiguous (VUCA) environment.

Open access

Stere Stamule

Abstract

This paper investigates Romanian consumer ethnocentrism and the Romanian consumers’ attitudes towards local products and towards campaigns promoting local products. The research was conducted through a questionnaire addressed to a sample containing two groups of respondents. The sample was organized also into two groups: Millennials (consumers aged between 15 and 34 years old) and Non-Millennials (35-over 65 years old). It was tested the hypothesis that Millennials are less ethnocentric compared to the Millennials. Another hypothesis of the research consists of the fact that the Millennials consumers’ attitudes towards local products and towards local campaigns promoting local products show lower scores in comparison with the consumers belonging to the other group. The obtained results of this research highlight the following: there are not significant differences between the two groups regarding the level of ethnocentrism and their attitudes towards consumption of local products and campaigns promoting local products, however Millennials show more interest to the products that offer the best value for money whether they are done or not in Romania in comparison with Non-Millennials. The Romanian consumers would also like that the state and the industry involve more in supporting the local products.

Open access

Irina Liubertė

Abstract

In management research, theoretical abstractions, which are traditionally derived based on economic and individualist ontological assumptions, are limited in the ability to produce practically relevant insights and increase the divide between organisational practitioners and scientists. This paper argues that contemporary theory of practice, which jointly considers agency, structure and materiality, overcomes the confrontation and integrates scientific rigour with the richness of organisational practice. The author thereby introduces the origins of practice theory, analyses the definition of practice and explores the areas of management research where practice theory is currently adopted.

Open access

Lidia Sanchez-Ruiz, Beatriz Blanco and Asta Kyguolienė

Abstract

Due to the relevance of stockouts in the retail sector together with their significantly negative effect both on retail and the whole supply chain, this paper offers a theoretical review of the stockout definition, rates, its main causes and consequences.