Medcave Journal of Business Management

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Current Issues.

Volume 1  Issue 1
   Research Article         Month : 10 (2018)

A Hybrid model of the banking system

  Roger Rissi

A hybrid model of the banking and the macroeconomic system is used to analyze the impact of capital and minimum reserve requirements on bank profitability. A system dynamics implementation of a macroeconomic model allows superimposing a macroeconomic structure on an agent-based model of the banking system. The former is used to evaluate the impact of business cycles and monetary policy on the banking system. The latter is modelled using an agent-based approach to take heterogeneity and interactions among market participants (agents) into account. The simulation study finds that Return on Equity (ROE) of banks are cyclical, decreasing during a period of negative demand shocks and rebound after the shock has disappeared. In addition, the results illustrate ‘political’ or ‘regulatory cycles’: if the macro prudential regulator misjudges the economic cycle and therefore incurs a prediction error, counter-cyclical measures affect the banking system negatively, resulting in significant negative impacts on bank default- and insolvency-frequencies as well as their ROE.
   Research Article         Month : 10 (2018)

Smart specialization at local level: a practical application

  Jonatan Paton

Smart Community concept, considering it as a participatory model for territorial development, is particularly relevant in the context of current understanding of smart specialization at local level, usually limited to Smart City approaches. The aim of this paper is to identify the elements of a Smart Community and its complementarities with the smart specialization policies. To this end, this paper used a mixed qualitative and quantitative methodology to identify the pattern of specialization and diversification opportunities (entrepreneurial discovery opportunities) in the city of Seville, and how these opportunities can be complementary to those of its Region(included in the Smart Specialization Strategy -RIS3 of Andalusia).
   Research Article         Month : 10 (2018)

What are we teaching our Operations and Supply Chain Students

  Joseph Walden

Supply chain management is a new but ever evolving field, which results in an ongoing gap between what the field requires and those possessing the skills necessary to meet the field’s requirements. While academic preparation of supply chain management professionals is one critical way to address this gap, research suggests that such academic programs possibly are contributing to, rather than closing, that gap. As noted, by Birou et al. [1] though, there are few studies that have examined the substance of the undergraduate supply chain management curriculum. Using a mixed methods approach, this study is the largest analysis of undergraduate syllabi of introductory supply chain management courses by looking at seventy-eight introductory supply chain management syllabi from both Gartner Top 25 Schools and those not on the Gartner list, as well as job announcements for entry level supply chain management position. The syllabi revealed that inventory management and procurement/ contracting were the most frequently listed topics, however, the syllabi analysis also revealed a number of courses containing a large content of traditional operations management topics. This gave credence to the claims of Alakin et al. [2] that some courses were operations management courses that had their titles changed to supply chain management. The syllabi of the Gartner Top 25 Schools when compared to the frequency distribution for the job announcements revealed an 88% match between what is being asked for and what is reflected in the syllabi. The syllabi for the non-Top 25 Schools revealed a 41% match after doing a thematic grouping of similar topics. The thematic groupings were created by using the APICS Dictionary and APICS Body of Knowledge for related terms. The thematic grouping helped to link related terms into related groupings of key terms and helped to compare the terms from the syllabi to the groupings used by Johnson et al. [3] in their initial supply chain management education framework. My research removed the modules of location analysis and product design and relocated these topics to a module or grouping titled “Operations Management Topics” with the understanding that some operations management understanding is necessary for teaching supply chain management. The new framework also moved the Johnson and Pyke grouping of service and after sales support to a new grouping titled “Customer Support.” The new framework also added modules or groupings for supply chain management basics and terminology, professional development and emerging supply chain management concepts. The 2000 framework also included a module for marketing which is a separate business discipline and while students need to understand the link between marketing and supply chain management, eliminating this module frees up classroom time for other critical topics
   Review Article         Month : 10 (2018)

An Exploratory Conjoint Analysis of Millennial Tradeoff Preferences in Increasing Sustainable Materials Use in US Homebuilding

  Shukla PK

There is a high interest in the United States in the exploration of increasing sustainable materials use in US residential homebuilding. One of the fastest growing segments of home buyers in the US are millennials [1]. There are no precise dates for when this cohort starts or ends; demographers and researchers typically use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years). This paper examines the tradeoff preferences of millennial home buyers between six factors in single family residential homes: Price, Average Commute Time to Work, Number of Bedrooms, and Number of Bathrooms, Lot Size, and “Green” house features. “Green” house features include items such as solar panels and reduced carbon footprint. Conjoint analysis is an established marketing research technique to measure tradeoff preferences of consumers and is ideal for this type of research study of real estate factor tradeoff preferences. A data collection instrument was developed that was administered to 107 business students. The respondents are within the millennial age range and were asked to identify self stated ranking of importance of the six factors and then were asked to rate 18 profiles of various house designs on the six factors from 1st to 18th. An analysis was conducted on the tradeoff preferences of higher price for a home from lower costs with the use of less sustainable materials and higher costs for a home with increased use of sustainable materials in homebuilding. There is an examination of differences in tradeoff preferences based on gender and by class level. The paper’s preliminary results have implications for home builders and the follow up paper on secondary data analysis planned will offer more insights on tradeoff preferences at the attribute level for each factor.
   Mini Review         Month : 10 (2018)

Comparison of Country/Economies at Stage of Development with Movement in Rankings of Countries on Global Competitiveness

  Shukla PK

With close to 200 countries in the world today, these countries are at various stages of development from less developed to more develop; these stages are often labeled in a rising numerical sequence such as Stage 1 to 3. Countries in the world compete in a global economy to benefit their domestic firms and citizens. As countries move to a higher stage of economic development they offer more global competitiveness for global businesses seeking new markets for sales, offshore outsourcing, and investments. “The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests.” (www.weforum.org). Since 2004, The World Economic Forum annually releases a Global Competitiveness Report which includes the Global Competitiveness Index. The Global Competitiveness Report places nations into five stages of development. In the 2009 report, the Global Competitiveness Report placed nations into one of five categories of stages of development from Stage 1 (lower) to Stage 3 (highest): Stage 1 with 38 countries, Transition from Stage 1 to Stage 2 with 18 countries, Stage 2 with 26 countries, Transition from Stage 2 to Stage 3 with 14 countries, and Stage 3 with 37 countries. “The Global Competitiveness Index (GCI) tracks the performance of close to 140 countries on 12 pillars of competitiveness. It assesses the factors and institutions identified by empirical and theoretical research as determining improvements in productivity, which in turn is the main determinant of long-term growth and an essential factor in economic growth and prosperity. The Global Competitiveness Report hence seeks to help decision makers understand the complex and multifaceted nature of the development challenge; to design better policies, based on public-private collaboration; and to take action to restore confidence in the possibilities of continued economic progress.” (www.webforum. org) The GCI went through a major revision starting with the 2009 report and prior year rankings were excluded from this analysis due to these methodological changes. This study presents an analysis of the rankings of 119 nations on the Global Competitiveness Index (GCI) from 2009 to 2018 that focuses upon five categories of nations for each stage of development: overall ranking significant gainer nations (defined as a gain of 20 or more in ranking), overall ranking moderate gainer nations (defined as a gain of 10 to 19 in ranking) those nations that are relatively stable in ranking (defined as a change in ranking from no change to a gain or loss of no more than 9), overall ranking moderate decliner nations (defined as a decline of 10 to 19 in rank), overall ranking significant decliner nations (defined as a decline of 20 or more in rank) the percentage in each category, and conclusions. This study incorporates an analysis of rank correlation for the rankings in 2009 and 2018 at each stage of development. The study concludes that for the 119 countries analyzed despite a range of +37 to -55 in global competitiveness index ranking for particular countries, there is not much average movement change for the five stages of development. The lowest average change (-0.2000) was for Stage 1 countries and the highest average change was for Stage 2 countries (-2.2083) and the highest average change gains were for Transition 1 to 2 stage countries (+1.3750). Analysis of rank correlations by development stage also supported these conclusions. As leaders of nations seek to improve their nation’s rankings on the Global Competitiveness Index, they will have to anticipate that it will not be easy to achieve over a short period of time
Volume 2  Issue 1
   Research Article         Month : 01 (2019)

Supply Chain Leadership - What is it? How do I get it? Why do I need it?

  Joseph Walden

When the Supply Chain Leadership Institute first started providing seminars on supply chain leadership in 2002, the focus was not on companies that were doing supply chain management well but on leaders of the employees that were working in the supply chain. It is important to keep in mind up front that a leader does not lead an organization but rather the people that make up that organization. Therefore, with that logic, a supply chain leader leads the employees not the supply chain organization. Over time this concept has been adapted to describing supply chain industry companies and not the individuals that lead the employees. The focus of this paper
   Research Article         Month : 01 (2019)

The Analysis of Volatility of Market Risk of Viet Nam Hotel Industry after the Low Inflation Period 2015-2017

  Dinh Tran Ngoc Huy

The Vietnam economy and hotel industry have gained lots of achievements after the financial crisis 2007-2011, until it reached a low inflation rate of 0.6% in 2015. Hote companies face challenges in expanding Vietnam market such as pricing policy and supporting services, etc. This paper measures the volatility of market risk in Viet Nam hotel industry after this period (2015-2017). The main reason is the vital role of the hotel company group in touism sector in Vietnam in the economic development and growth in recent years always go with risk potential and risk control policies. This research paper aims to figure out how much increase or decrease in the market risk of Vietnam hotel firms during the post-low inflation period 2015-2017. First, by using quantitative combined with comparative data analysis method, we find out the risk level measured by equity beta mean in the hotel industry is acceptable, i.e it is little lower than (<) 1. Then, one of its major findings is the comparison between risk level of hotel industry during the financial crisis 2007-2009 compared to those in the post-low inflation time 2015-2017. In fact, the research findings show us market risk fluctuation, measured by asset and equity beta var, during the post-low inflation time has decreased slightly. Finally, this paper provides some ideas that could provide companies and government more evidence in establishing their policies in governance. This is the complex task but the research results shows us warning that the market risk volatility might be higher during the post-low inflation period 2015-2017. And our conclusion part will recommend some policies and plans to deal with it. Finding new potential markets and credit and financing policies are among directions for hotel companies. JEL classification numbers: G00, G390, C83
   Research Article         Month : 01 (2019)

The Lasting Resilience of a Principle That Seems Stainless

  Giovanni Antonio COSSIGA

The hope or the illusion that economic science has the tools to ensure a growth path for the economic development of states and continents, seem to have entered a grey area. Not only and not so much for the today’s uncertainties, market anomalies and development asynchrony. But above all for the unsolved issues raised by the monetary and fiscal policy, which allowed to mitigate the downward pressure of the 2008-2010 financial crisis, though not without a price to pay. On the other hand, some concerns are raised by the fact that ten years after the serious crisis we are still dealing with the unsolved issue of a too low inflation. The imminent danger is that the economy instability has not been removed, also because of the support interventions of the monetary and fiscal policy. The risk of a new speculative event and recurrent financial crises could therefore hit again the global economy. Unfortunately, this hypothesis it isn’t such a remote risk. The unrelenting development of public and private indebtedness at a global level is regrettably a warning about the economy world, which is chasing an incongruous relationship between weak growth and excess credit. Thus, a sort of debt trap is envisaged, according to which the continuation of the weakening development is linked to the unlimited growth of credit. In other words, we are in the resumption anteroom of the paradigm speculation-financial crisis. An evolution that we can interpret as the humanity continuous attempt to live beyond the available natural resources, which are not unlimited and should be preserved for the future generations. Since there is the risk to renew the speculation-crisis paradigm, it would be better to reflect about the recession and the conjuncture cycle, which are not always enemies. Instead, they have the objective of rebalancing the unstable economy to bring it back in the stability area and within the linear economy growth, far from the conjuncture cycle. Denial can be painful. Unfortunately, the alternative is a potential laissez-faire of the unstable development that can start new speculative crises to correct the instability, yet with highly serious social repercussions
   Review Article         Month : 01 (2019)

Knowledge of value creation and sustainable performance

  Noorliza Karia

Due to the growing demand for value creation efforts in a firm corporate strategy, there is a need to understand what constitutes value creation and its role in adding value and enabling competitive force and sustainability. This article examines the needs by understanding the conceptual of sustainable performance measurement using value and ethics grounded in literature and Islamic views. The knowledge and insightful understanding about sustainability emerge from multiple perspectives, responsibilities of organizations, religious obligations and ethics. The study discloses that values grounded in the Islamic perspective guide the light to sustainability through justice, balance and moderate. According to halal-based theory, the value creation in halal business model determines the new performance index of sustainable performance measurement. The results indicate the significant value proposition on sustainable performance derived from four P values’ creation on Profit, People, Planet and Product/Service. The constructs and measures of sustainable performance measurements are developed and clarified. The results denote that the role of halal value creation in a firm is an innovative and proactive approach which enhances values of competitiveness and sustainability of firms by generating and maximizing profits (economy), excellence products/services (quality), ensuring the well-being of mankind (society) and the planet (universe).
Volume 3  Issue 1
   Research Article         Month : 06 (2022)

The Impacts of Pervasive Mindset and Dynamic Capability on Digital Technology Adoption in SMEs: Mediating Role of Management Team Support

  Kan Wen Huey

Micro, Small, and Medium-sized Enterprises (SMEs) play a pivotal role in propelling national economic growth. The integration of digital technology holds the potential to revolutionize the automation of business operations within SMEs and open up novel avenues for business development. However, the adoption of digital technology also presents SMEs with intricate system engineering hurdles. This study aims to evaluate how SMEs can successfully adopt digital technology. The research objectives involve examining the relationship between predictors and digital technology adoption and exploring the mediating role of management team support. Using the quantitative approach, the study employs a simple random sampling technique as part of the probability sampling method. The study identifies significant variables such as the perception of technology, the perception of disruptive innovation, and management team support. Conversely, growth mindset, agility, adaptability, and ambidexterity were insignificant variables. Overall, the study contributes effective strategies for SMEs to navigate digital technology adoption challenges, fostering business growth and driving innovation toward digital transformation
   Research Article         Month : 06 (2022)

An Empirical Study on the Use Behavior for the Integration of Mobile Devices and Teleradiology Systems in Taiwan

  Wei-Min Huang

The purpose of this study is to determine whether the integration of mobile devices and teleradiology systems can be effectively applied to clinical consultations to substantially improve healthcare quality and patient safety. This study combined the Task/Technology Fit (TTF) model and Technology Acceptance Model (TAM) as the research framework. Questionnaires were used to survey medical staff that had actual experience implementing a teleradiology system at a medical center in Taiwan. The results show that, although TAM has no significant effect on ease of use, significant effects on other variables exist. The research concludes that mobile devices applied to teleradiology systems can effectively improve clinical consultation mechanisms, as well as provide timely image information for diagnosis, with which medical staff can perform immediate medical treatments to improve healthcare quality and conform to the philosophy of patient-centered safety for hospital assessments
   Research Article         Month : 06 (2022)

An Empirical Study on the Use Behavior for the Integration of Mobile Devices and Teleradiology Systems in Taiwan

  Wei-Min Huang

The purpose of this study is to determine whether the integration of mobile devices and teleradiology systems can be effectively applied to clinical consultations to substantially improve healthcare quality and patient safety. This study combined the Task/Technology Fit (TTF) model and Technology Acceptance Model (TAM) as the research framework. Questionnaires were used to survey medical staff that had actual experience implementing a teleradiology system at a medical center in Taiwan. The results show that, although TAM has no significant effect on ease of use, significant effects on other variables exist. The research concludes that mobile devices applied to teleradiology systems can effectively improve clinical consultation mechanisms, as well as provide timely image information for diagnosis, with which medical staff can perform immediate medical treatments to improve healthcare quality and conform to the philosophy of patient-centered safety for hospital assessments
  

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