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Research Article
China and G7 in the Current Context of the World Trading
Issue:
Volume 9, Issue 6, December 2024
Pages:
116-123
Received:
21 October 2024
Accepted:
11 November 2024
Published:
21 November 2024
Abstract: The paper analyses trade between the most developed economies of the world. The analysis is based on the previously proposed model of international trade. This model of international trade is based on the theory of general economic equilibrium. The demand for goods in this model is built on the import of goods by each of the countries participating in the trade. The structure of supply of goods in this model is determined by the structure of exports of each country. It is proved that in such a model, given a certain structure of supply and demand, there exists a so-called ideal equilibrium state in which the trade balance of each country is zero. Under certain conditions on the structure of supply and demand, there is an equilibrium state in which each country have a strictly positive trade balance. Among the equilibrium states under a certain structure of supply and demand, there are some that differ from the ones described above. Such states are characterized by the fact that there is an inequitable distribution of income between the participants in the trade. Such states are called degenerate. In this paper, based on the previously proposed model of international trade, an analysis of the dynamics of international trade of 8 of the world's most developed economies is made. It is shown that trade between these countries was not in a state of economic equilibrium. The found relative equilibrium price vector turned out to be very degenerate, which indicates the unequal exchange of goods on the market of the 8 studied countries. An analysis of the dynamics of supply to the market of the world's most developed economies showed an increase in China's share. The same applies to the share of demand.
Abstract: The paper analyses trade between the most developed economies of the world. The analysis is based on the previously proposed model of international trade. This model of international trade is based on the theory of general economic equilibrium. The demand for goods in this model is built on the import of goods by each of the countries participating...
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Research Article
Impact Factors of the Maturity of FSSC in the Digital Age: A Study Based on Structural Equation Modeling
Issue:
Volume 9, Issue 6, December 2024
Pages:
124-140
Received:
16 October 2024
Accepted:
4 December 2024
Published:
12 December 2024
Abstract: Since the mid-1980s, many multinational companies (MNCs) have transformed their finance functions into financial shared service centers (FSSCs), in order to cut costs and optimize internal operations. When it came to the 21st century, breakthroughs in technology have witnessed the rapid growth of the digital economy, promoting the digital transformation of enterprises and the digital transformation of finance. The construction of a FSSC has laid a solid foundation for the digital transformation of finance and has gained popularity in large companies. However, the practices of FSSC in China are deeply associated with the development of IT. Some scholars see it as a kind of IT application in the finance function, as evidenced by the active involvement of IT companies in the establishment of FSSCs. In this paper, the authors launched a questionnaire to measure the maturity of the FSSC in Chinese companies. Data was analyzed by using structural equation modeling (SEM), aiming to study the factors that have impacts on the maturity of FSSC and the influencing path of the factors. Influencing factors were designed based on the TOE (Technology-Organization-Environment) theory, and the maturity model of FSSC was modified from the PwC (PricewaterhouseCoopers) maturity model of FSSC. And then a structural model was constructed. Various tests for SEM were used, and the study showed that the technological and organizational conditions of enterprises have promoted the construction and development of FSSCs, while the external environmental conditions indirectly influenced the maturity of FSSC through affecting the organizational and technological conditions. The paper also showed the influencing path of the factors.
Abstract: Since the mid-1980s, many multinational companies (MNCs) have transformed their finance functions into financial shared service centers (FSSCs), in order to cut costs and optimize internal operations. When it came to the 21st century, breakthroughs in technology have witnessed the rapid growth of the digital economy, promoting the digital transform...
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Research Article
Quality of Work Life’s Factors and Its Effect on Organizational Commitment of Workers in Da Nang City, Viet Nam
Issue:
Volume 9, Issue 6, December 2024
Pages:
141-155
Received:
17 November 2024
Accepted:
28 November 2024
Published:
16 December 2024
Abstract: This research examines the impact of various factors on the quality of work life and their effects on employee commitment. The research model includes 8 factors and 19 hypotheses, developed based on theoretical foundations and empirical studies. The quantitative research involved 400 formal labors working in organizations in Da Nang city, Vietnam. The study processed and analyzed employee survey data using Smart PLS-4 software with the partial least squares structural equation modelling (PLS-SEM) method. The results indicate that four statistically significant factors impact the quality of work life: the workplace environment (WE, Beta = 0.276), the balance between personal and work life (PWB, Beta = 0.249), financial rewards and remuneration (FRW, Beta = 0.197), and job security and stability (JSS, Beta = 0.127). The results of the mediation analysis show that the quality of work life (QWL) mediates the relationships between job security and stability, financial rewards and wages, the work environment and the balance between personal life and work life in terms of organizational commitment (OC). Regarding the factors affecting organizational commitment (OC), job security and stability (JSS) have the greatest impact (Beta = 0.203), followed by financial rewards and wages (FRW) (Beta = 0.160) and participation (PA) (Beta = 0.110), in descending order of influence. These recommendations will assist organizations in designing effective welfare programs, enhancing the work environment, and developing human resource policies that foster employee engagement and reduce turnover rates.
Abstract: This research examines the impact of various factors on the quality of work life and their effects on employee commitment. The research model includes 8 factors and 19 hypotheses, developed based on theoretical foundations and empirical studies. The quantitative research involved 400 formal labors working in organizations in Da Nang city, Vietnam. ...
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Research Article
Boosting Supply Chain Effectiveness with Lean Six Sigma
Attia Hussien Gomaa*
Issue:
Volume 9, Issue 6, December 2024
Pages:
156-171
Received:
7 November 2024
Accepted:
28 November 2024
Published:
19 December 2024
Abstract: This article explores the integration of supply chain management (SCM) and Lean Six Sigma (LSS), which can create a powerful systematic methodology for achieving manufacturing excellence and improving customer satisfaction. SCM in industry refers to the systematic coordination and integration of all activities involved in the procurement, production, and delivery of goods and services, from the sources of raw materials to the end customer. It ensures the right products are delivered in the right quantities, at the right time, and at the lowest possible cost. In this context, enhancing SCM has become a fundamental necessity for organizations aiming to improve operational efficiency, effectiveness, market share, and customer satisfaction. In this effort, LSS is a systematic methodology for improving process efficiency and effectiveness through continuous improvement by eliminating waste, minimizing defects, reducing lead time, and improving customer satisfaction. This research presented a comprehensive literature review focusing on applying the LSS methodology in SCM, as no comprehensive review is available. This study highlights the integration of LSS practices into SCM and provides a roadmap for future studies that focus on exploring the applications of LSS and its impacts on SCM. In conclusion, by aligning LSS principles with SCM strategies, organizations can achieve operational excellence, reduce costs, and improve overall supply chain efficiency while effectively meeting customer demands. Furthermore, this study aims to propose a framework that can be used to explain how the LSS methodology can be applied in different SCM fields. This comprehensive analysis aims to guide academics and professionals in improving supply chain performance using LSS tools.
Abstract: This article explores the integration of supply chain management (SCM) and Lean Six Sigma (LSS), which can create a powerful systematic methodology for achieving manufacturing excellence and improving customer satisfaction. SCM in industry refers to the systematic coordination and integration of all activities involved in the procurement, productio...
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Research Article
Entrepreneurship Development and Poverty Nexus: The Case of Niger Delta Villages, Nigeria
Issue:
Volume 9, Issue 6, December 2024
Pages:
172-179
Received:
20 November 2024
Accepted:
2 December 2024
Published:
19 December 2024
Abstract: Entrepreneurship has long been seen as a potent means of reducing poverty, especially in developing nations. Many Nigeria government policies over the years were meant for the achievement of targeted objectives on the development of indigenous entrepreneurship. The Niger Delta is plagued with poverty, underdevelopment, and social instability in spite of its wealth. The area is approximately 26,000km2 and is the third largest delta area in the world. It is rich in the flora and fauna, it accounts for about 90% of Nigeria’s Crude oil, which is the major plank upon which the economy rests. Aside from these reserves, the region is the second largest palm oil producer in the world next to Malaysia. The region is also blessed with potential in fishery, forest products and good climatic conditions that support tourism and wildlife. This study examines the relationship between corporate growth and the fight against poverty in the Niger Delta region of Nigeria. This study uses a mixed-methods approach to evaluate how entrepreneurship promotes economic growth and reduces poverty. The key findings shows that, while entrepreneurship has a lot of promise to decrease poverty, structural barriers such as poor infrastructure, limited financial resources, and uncertain business climate make it difficult to thrive. The paper concludes with policy proposals that may promote entrepreneurship as a viable route of overcoming poverty in the Niger Delta Villages.
Abstract: Entrepreneurship has long been seen as a potent means of reducing poverty, especially in developing nations. Many Nigeria government policies over the years were meant for the achievement of targeted objectives on the development of indigenous entrepreneurship. The Niger Delta is plagued with poverty, underdevelopment, and social instability in spi...
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