Browse

You are looking at 1 - 10 of 576 items for :

  • Business Development, Change Management, Cooperation x
Clear All
Open access

Nikolay Stoenchev and Yana Hrischeva

Abstract

The aim of the present article is to research the availability of rules in the change of the prices of the most spread flats in the neighbourhoods of Sofia. The results from a research in the change of the offered prices of the residential real estates by months for an annual period of time (from October 2016 to September 2017) have been presented. The presence of an uprising tendency for the bigger share of the neighbourhoods has been proven. For those of them where there is a tendency missing are calculated indices for seasonality by the method of the mean chronological value. Upcoming seasonal deviations of the mean monthly prices from the average annual by the separate types of flats (studios, one-bedroom and two-bedroom flats), whereas the highest values are registered in the summer and the early autumn - the months August and September, and the lowest in the late autumn - the months October and November. The most significant are the fluctuations in the variation of the prices in the studios, followed by the two-bedroom flats and one-bedroom flats. The results could be useful to some potential investors.

Open access

Mohsen Rasoulian, Ali Akhavan Ghannadi and Alireza Nojoomi

Abstract

In the contemporary world, the insurance industry is considered one of the crucial factors of the development and progress of countries, and the insurance condition is an indicator of this phenomenon. The aim of the study is to assess risk taking of insurance companies from the perspective of senior managers and experts. The methods of research are questionnaire and interview with experts and senior managers of life insurance of active insurance companies in the city of Tehran using random sampling. In the present study, among 60 senior managers and experts, descriptive statistics in the field of demography such as gender, background, and educational level of respondents have been studied, and then they have been asked for the confirmation and rejection of statistical assumptions in the form of known criteria and opinions of experts and decision-makers. To prioritise the factors from the hierarchical analysis process for factor ranking, the results have indicated that inflation, governmental policies and lack of expertise are the major factors affecting risk taking in the industry of life insurance.

Open access

Pavlos Metallinos

Abstract

The manuscript focuses on the situation before the execution of construction activities starting and after the crystallization of the contractual object between Public Authority and contractor. The aim of the article is to investigate the interpretation of mathematical model of measurement of a public work cost after contractor’s selection and before the start of contractual activities. Our study results have been drawn through the interpretation of equations, which have been extracted by the study of the multiparameter polynomial, as these have been developed and proven in the study “Measurement of the Cost of a Public Works Project: The Case of Greece”. Taking advantage of the mathematical model, which was defined in the previous study, we develop the comprehension of critical conditions, which determine finally the equivalent in money of cost of each technical commodity for the purchaser and shape the execution conditions of competition in the construction market. Due to the relation of Hellenic legislation with that of EU, the suggested mathematical cost measurement model of a public work and the conclusions of the present article can be used in further study related to a critical evaluation between Earned Value Management Method and Earned Schedule Method. Despite the Hellenic experience, the approach of cognitive object and the conclusions which are reached could be applied in the international practice, if we take into consideration that the process of contractor’s selection that is used at least in the European Union, is similar.

Open access

Olumide Jaiyeoba, Chux Gervase Iwu and Edward Marandu

Abstract

The quest for the diversification of Botswana’s mineral-led economy necessitates an examination of other performing ones such as the Tourism-Transport and Finance-Consulting small service sectors which have been identified as also contributing immensely to its economy. So, this paper investigates variations in market orientation and performance among small service firms in Botswana. In more specific terms, it involves analysis of variations with regard to tourism-transport and finance-consulting firms. Set in Botswana, data were obtained, using a respondent-completed questionnaire from 54 managers in the tourism-transport sector and 121 managers in the finance-consulting sector. Despite the focus of the study on sectoral variations among service firms in Botswana, the study makes major contributions to our understanding of market orientation-performance link. First, the overall level of market orientation varied significantly between the two sectors. Secondly, two of the three components of market orientation, namely intelligence generation and intelligence responsiveness also displayed statistically significant differences between each component and the two sectors. Thirdly, organizational commitment, team spirit and customer satisfaction were significantly different between the two sectors. These findings suggest the need for a sustained and systematic study aimed at finding out the relative importance of market orientation in different sectors. Such a study may be helpful in suggesting differentiated marketing orientation emphases that may help firms optimize their marketing budget. Notwithstanding the several scholarly works on market orientation and firm performance, the value of market orientation in sub-Saharan Africa has only begun to receive attention in Africa. Research evidence is scanty in the case of Botswana.

Open access

Sanjay Soni and Krishna Govender

Abstract

Purpose: Since the higher education environment has become highly competitive, the application of marketing principles to the education environment becomes increasingly evident. In order to attract new students and continue business, the institutional brand also gains on importance. Considering the scant literature on the influence of the perceptions of service quality dimensions on brand equity in general and higher education in particular, this exploratory study seeks to determine whether the SERVPERF dimensions of service quality make significant influencers of the overall brand equity of select (South African) universities, and whether the overall service quality significantly influences the overall brand equity.

Design: The authors conducted a survey among a judgmental sample of 400 students from two selected university campuses, using the SERVPERF scale. The data were analyzed with inferential statistical methods, such as multiple regression analysis, with the help of SPSS.

Findings: Tangibles and Empathy were significant and positive influencers of the students’ perception of the institutions’ overall brand equity and the overall service quality as a significant predictor of the overall brand equity. It also became evident that the overall service quality has a significant and positive influence on the overall brand equity when it comes to the students’ perceptions of the surveyed universities.

Implications: Tangibles and Empathy must be closely monitored and carefully managed, while the important role that service quality plays in the overall sense in increasing brand equity perceptions implies that – in the branding efforts of higher education institutions – management and leadership should pay particular attention to offering high levels of service quality to increase the value of their brands.

Research limitations: Only two campuses from one public higher education institution in South Africa was included in the survey, thus any generalization of the research findings must be circumspect.

Originality/value: Management and leadership of higher education institutions must know the service quality dimensions which promote the brand of the institution and manage them to promote a positive image of the institution since these are the dimensions of quality emphasized by the students.

Open access

Luis Miguel Fonseca, Ana Rita Portela, Beatriz Duarte, João Queirós and Luis Paiva

Abstract

Education for Sustainable Development (ESD) addresses sustainable development issues, in the economic, environmental, and social dimensions. The positive role of higher education institutions (HEIs), such as Universities and Polytechnic Institutes, in educating decision makers and leaders, and therefore contributing to progress and the public good, has been widely acknowledged. This investigation aims to map the BSc and MSc courses offered by Portuguese HEIs that address Sustainability (or Social Responsibility, or Ethics) in their curricula with the aim of proving their graduates with the right knowledge and competencies to overcome the Sustainable Development challenges. A systematic review utilizing a structured approach was used to analyze Portuguese HEIs BSc and MSc courses and the content analysis of their curricular units. The conclusions show that Sustainability (or Social Responsibility, or Ethics) is covered in most Social Sciences, Engineering, and Management, BSc and MSc courses, offered by the top 8 Portuguese Higher Education Institutions. However, ESD is fragmented by different approaches, issues, methodologies, and implications, lacking a consistent body of knowledge. Some courses focus more on the Social dimension, while others are more directed to the Environment or the Economic one. Sometimes the chosen approach is more normative (do what is right to do; the ethical way) and in other cases is more instrumental (do what is good for the business; the business case). Social Sciences, Engineering and Science, and Management and Economics are the three top clusters that address Sustainability related syllabus in their curricula, with 49 hours teaching hours in average for the curricular units covering Sustainability (with considerable variation). Universities have more curricular units addressing the topic while Polytechnic Institutes show a higher number of hours per curricular unit and most are of compulsory nature (while in Universities more than 50% of the curricular units are of optional nature). As the collected information was in some cases of generic nature, additional research should be used to confirm and detail these results and evaluate the effectiveness of this education to empower students to act as change agents for Sustainable Development. Benchmarking with other countries (e.g., from the European Union) is also an interesting avenue to pursue this investigation.

Open access

Thu Tran, Masahiro Moritaka, Ran Liu and Susumu Fukuda

Abstract

The purpose of this study is to evaluate the effects of information on consumer adoption when introducing a new beef brand to the Vietnamese markets. Three variables proxy the impacts of information are prior knowledge, usage experience, and price. This study developed three pieces of advertised information and combined them with three levels of price to indicate the relevant information to diffuse at the introduction of a new brand. Three kinds of information include: (1) distinction information, which defines a new brand to be distinct from existing competitive brands; (2) differentiation information, which identifies a new brand to be different from one existing brand; (3) similarity information, which defines a new brand to be similar to one existing brand. The survey was conducted via direct interviews with 480 customers at the food outlets in Ho Chi Minh City, Vietnam. The ordered logit model was applied to examine the influence of each kind of information on consumer preferences for a new beef brand. The results indicated that (1) the effect of information on consumer adoption for a new brand at early stage depends on how that information defines the new brand in consumers’ perception; (2) the distinction information generates the highest economic added value; (3) the similarity information creates the information bias at introduction; (4) the usage experience can be diagnostic for the information bias.

Open access

Marta Postuła, Jarosław Klepacki and Agnieszka Alińska

Abstract

Purpose: The article analyzes the possible methods of public debt management, which not only aim to meet regulatory requirements but also obtain a market premium in the form of an optimal level of the yield on government bond yields that will be profitable for the issuer. The study analyzes the situation in the public finance sector in the countries that form the Visegrád Group (V4). The authors evaluate the main regulatory requirements of EU law in the area of numerical fiscal rules and their impact on the yield on basic securities such as ten-year government bonds, which directly influences the cost of servicing long-term public debt.

Methodology: The study uses desk research method for theoretical reasoning to verify the research hypothesis. The study seeks to answer the question of whether the application of national and EU fiscal rules in V4 budgetary frameworks contributes to lower yields on ten-year bonds and thereby reduces the cost of public debt. The authors utilize time series and cause-effect analysis as well as quantitative research for the systematization of statistical information and regression analysis for the examination of statistical dependencies.

Findings: The basic parameters subject to financial assessment within the fiscal rules index are (1) the deficit of public finance sector and (2) public debt with its servicing costs. In 2005–2016, the ratio of the public finance sector deficit to GDP was shaped in such a way that most V4 countries required the institution of excessive deficit procedures and further disciplinary regulations. The assessment of the situation in the public finance sector in the area of budget deficit and public debt does not translate into the yield on government bonds of non-Eurozone countries. Model-based testing indicates that the financial markets – when deciding to evaluate or purchase government bonds of non-Eurozone countries – failed to acknowledge the implementation of fiscal rules in these countries and its possible effects.

Originality: The study focuses on a unique comprehensive analysis of national fiscal rules employed in individual V4 countries and their impact on the yield on government bonds throughout the entire EU membership of the V4. What holds the greatest cognitive value in this article is the answer to the question of whether Eurozone membership impacts the valuation of a country’s public debt.

Open access

Shumank Deep, Mohd Asim, Neeti Kesarwani and Shweta Kandpal

Abstract

Indian construction is a vital domain with an enormous employment potential and its contribution to the economy. Real estate is an essential domain of construction that tackles the housing demands. In the present scenario, this sector is experiencing a slowdown often failing projects. Thus, the aim is to identify the project participant and attributes that lead to delays in the schedule of real estate projects. In this process, we apply the hierarchical analytical process to identify the actor and the causes that result in an overrun. Our findings suggest that to a significant extent delays occur due to contractors under the influence of distinct factors discussed in the study.