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Good agricultural practices (GAP) are guidelines designed to ensure the production of high-quality agricultural products that meet specified standards while optimizing resource use. This study aimed to examine the challenges and success factors in implementing a holistic system of GAP in hydroponic vegetable business management and to enhance the efficiency of Thailand's policies on safe agricultural standards. In this study, a qualitative research methodology was used, using in-depth interviews, semi-structured interviews, and observations with 36 intermediaries and consumers in Thailand. Data analysis was conducted using descriptive statistics. The study revealed that key challenges to successful GAP implementation include unsupportive government policies and a lack of in-depth knowledge among farmers on how to effectively apply GAP principles. For successful implementation, it is crucial that farmers who lead these efforts thoroughly understand the methods and prioritize safe and proper farming practices. This knowledge can then be leveraged to prepare and educate farmers, producers, and entrepreneurs to produce high-quality agricultural products. GAP for crops include policies, benchmarks, and audit processes that adhere to international standards, providing a framework for controlling and promoting product quality throughout the agricultural production process, including post-certification maintenance. The study suggests that cooperation across all relevant sectors, from upstream to downstream, is essential for the successful implementation of GAP. Such collaboration would significantly enhance the quality and safety of Thailand's agricultural standards. [ABSTRACT FROM AUTHOR]

Digitisation is among the macro-trends that significantly influence the business world in the twenty-first century. Firms striving to succeed in this environment must develop new strategic approaches. The accelerating development of information technology (IT) drives digitisation. Therefore, IT and business strategies must be integrated. In this context, the information systems literature promotes the concept of digital business strategies (DBSs), reflecting a fusion between IT and business strategies. However, knowledge of the types and characteristics of such DBSs is currently scarce. Therefore, we developed a conceptually and empirically grounded typology of DBS based on the well-known business strategy classification by Miles and Snow (1978). Using a dataset comprising 192 firms worldwide, we conducted a cluster analysis, identified basic types of DBS, and evaluated their effects on firm performance. Moreover, we identified four types of DBS: non-digital reactor, analyser, digital opportunist, and digital producer. The study contributes to a better understanding of new business strategy concepts in the digitisation context. [ABSTRACT FROM AUTHOR]

The government‐initiated campaign for targeted poverty alleviation (TPA) not only affords corporations an opportunity to extend their presence into underdeveloped regions but also imposes a consequential burden upon them to contribute to ameliorating poverty. Firms' motivations in this endeavor are intricately linked to the alignment of their business strategies with the TPA activities. We posit that firms adopting a cost leadership approach are inclined to actively partake in poverty alleviation, due to a congruence between their strategic positioning and the activities intrinsic to poverty alleviation. And firms embracing a differentiation strategy are impelled by extrinsic pressures to engage in poverty alleviation, as they face heightened societal expectations regarding their involvement in such altruistic endeavors. Drawing from a dataset comprising Chinese listed firms from 2017 to 2020, our empirical findings bring to light a significant correlation between both cost leadership and differentiation strategies and firms' contributions to the TPA campaign. And, the impact of a cost leadership strategy on firms' involvement in poverty alleviation activities surpasses that of a differentiation strategy. This influence is further accentuated for firms contending with rivals pursuing a differentiated approach in the competitive landscape, which may block their way moving upmarket. Moreover, the nexus between a differentiation strategy and a firm's participation in poverty alleviation gains more strength where local government intervention in the economy is more pronounced. This study delves into the nuanced motivations that underpin firms' participation in the TPA campaign within the framework of business strategies, offering insights for both policymakers and business practitioners. [ABSTRACT FROM AUTHOR]

The article "Chinese and US Digital Platforms: Exploring Key Differences in Strategies" by Xiaoquan (Michael) Zhang from the NIM Marketing Intelligence Review discusses how Chinese and US digital platforms differ in their strategies due to cultural, regulatory, and market forces. Chinese platforms, like WeChat, focus on creating integrated ecosystems with a wide array of services, while US platforms, like Meta and X, maintain more focused identities. Understanding these strategic differences is crucial for businesses and policymakers to navigate the global digital landscape effectively. [Extracted from the article]

In the evolving global business environment, corporate social responsibility (CSR) has transitioned from being a philanthropic effort to a critical strategic necessity, particularly within Asian economies. Despite the increasing importance of CSR, the literature examining its application and impact in Asia remains both sparse and fragmented. This study addresses this gap by conducting a systematic literature review (SLR) of 79 scholarly articles, adhering to PRISMA guidelines, to ensure a comprehensive and replicable analysis of CSR practices within Asian corporate entities. The review uncovers key themes related to the integration of CSR into corporate governance structures, including the emphasis on renewable energy, ethical business conduct, employee engagement, and data privacy, while highlighting the distinct challenges and opportunities faced by Asian companies given their unique cultural, social, and regulatory landscapes. The findings indicate that although Asian firms are increasingly incorporating CSR into their strategies, there is a significant need for more robust evaluation frameworks, particularly concerning biodiversity, deforestation, and collaboration with conservation organizations. Looking ahead, the study emphasizes the importance of prioritizing renewable energy as a critical environmental focus across Asia, especially given the region's rapid urbanization and industrial growth. The transition to renewable energy sources is not only vital for mitigating environmental impacts and combating climate change but also presents long-term economic benefits. Additionally, the study identifies a substantial growth in digital adoption across various sectors in Asia, underscoring the need for stronger cybersecurity measures to protect emerging digital infrastructures. Culturally and socially, many Asian countries show a natural inclination towards sustainability, which can be leveraged to foster greater acceptance and integration of renewable energy at the grassroots level. Furthermore, the study advocates for enhanced collaboration within Asia and on a global scale to facilitate knowledge transfer, share best practices, and achieve economies of scale in renewable energy projects. Such joint efforts could accelerate the transition to sustainable energy and help overcome challenges related to technology, finance, and policymaking. These insights are essential for both scholars and practitioners aiming to align CSR practices with global sustainability goals, thereby fostering responsible corporate behaviour across diverse sectors in Asia. [ABSTRACT FROM AUTHOR]

This study aims to describe and analyze the correlation of the SDGs components related to business strategy and performance of SMEs. Sustainable Development Goals (SDGs) were conceptually used as basic variables in improving the business performance of small and medium enterprises (SMEs) in order to reduce poverty alleviation. The type of this research is explanatory research. The number of samples in this study were 170 respondents of SMEs determined by structural equation model (SEM) as the method of analyzing data, which is operated by AMOS. The population is 295 SMEs. The result of this study shows that the greatest influence of performance of SMEs was business operational strategy of 6,365, and the smallest effect was on SDGs economic indicators to business operational strategy of 1,022. In this case, it can be stated that the sustainable development goals (SDGs) have a significant influence on the business operational strategy and business performance of SMEs. For small and medium entrepreneurs in Yogyakarta, seeing SDGs as a development goal will affect their operational business strategy, especially related to economic variables. [ABSTRACT FROM AUTHOR]

This study thoroughly investigates the role of sustainable business models in enhancing environmental sustainability in leading manufacturing companies. Guided by the United Nations Sustainable Development Goals (SDGs), we empirically analyse the integration of sustainability goals into corporate strategies. This study identifies sustainable business models based on an analysis of the sustainability reports published on the website, examining the strategies and action plans declared by 30 companies that are leaders in the sustainability industry, according to their Dow Jones Sustainability Index World (DJSI World) and S&P Global ESG Scores. The strategies considered are aligned with the following specific sustainability development goals: 6 (water security); 7 (renewable energy); 12 (responsible consumption and production); and 13 (climate action). The dataset contains several variables, each reflecting a particular facet of a company's environmental sustainability, as follows: energy consumption; greenhouse gas emissions; waste management strategies; and water conservation initiatives. We use a multidimensional data analysis technique called multiple correspondence analysis (MCA). After using MCA, we use a hierarchical clustering algorithm with the aim of classifying the different companies. Our findings underscore the presence of seven clusters of companies. Compared to the well-established literature on the topic of sustainable business, the innovative contribution of this study is linked to the identification of reaction time as a strategic variable explaining the different sustainable business models. The study makes it clear that the different business models are linked to reaction time to strategic alignment with environmental objectives. The country in which the company is based is also important. This study provides practical insights for companies aiming to align their practices with SDGs. In fact, the time variable provides important information in this regard and makes it possible to identify different approaches to sustainability as well as strong and weak sustainable business models; the former are characterised by a medium long-term strategic orientation towards environmental sustainability, which can be interpreted as the desire to undertake more solid and structured environmental sustainability strategies. [ABSTRACT FROM AUTHOR]

The present study aims to investigate the impact of companies' business strategies on financial reporting quality taking into account the effect of managers' overconfidence. The data of 140 companies listed on the Tehran Stock Exchange for ten years, from 2013 to 2022, were collected based on the systematic deletion model, and hypotheses were tested using multivariate linear regression. The results revealed the type of strategy chosen by companies significantly affects the quality of financial reporting. Companies that pursue aggressive strategies demonstrate better financial reporting quality compared with defensive companies, which aligns with previous research results. Bermpei (2021) showed that companies' operating policies significantly impact financial reporting. The results also revealed that managerial overconfidence has a significant adverse effect on financial reporting quality; it reduces the significant impact of business strategy on the quality of financial reporting. In companies with overconfident managers, the significant impact of business strategy on the financial reporting quality is decreased. The findings provide valuable insight into the importance of selecting an appropriate business strategy for enhancing companies' financial reporting quality, which should be considered by professional authorities to strengthen the quality of financial reporting. [ABSTRACT FROM AUTHOR]

Many countries have initiated specific regions dedicated to Green Finance to enhance environmental sustainability. This paper examines the influence of these zones on corporate greenwashing practices, using data from Chinese listed companies. Greenwashing is assessed by comparing corporate environmental, social, and governance disclosures against their actual performance in these areas. We find that the establishment of Green Finance Pilot Zones, which means experimental zones, significantly increases greenwashing behavior. These zones reduce actual performance in environmental, social, and governance aspects without altering disclosure practices. Additionally, the impact of these zones on greenwashing is more pronounced in companies with higher debt ratios and when environmental subsidies expire, indicating that financial incentives drive greenwashing. Conversely, stricter government regulations can mitigate this negative effect. The detrimental impact of these zones is notably observed in non-state-owned enterprises, non-heavy polluting companies, and industries with lower market concentration. The findings provide a foundation for further international studies and collaboration in the pursuit of global environmental sustainability, aiding the design and implementation of more robust and transparent Green Finance programs that can be adapted to various economic contexts. [ABSTRACT FROM AUTHOR]

This study investigates the influence of business strategy on green total factor productivity (GTFP), focusing on the mediating effect of digital transformation and the moderating effect of organizational legitimacy. Leveraging micro-data from China’s listed industrial enterprises spanning from 2011 to 2021, findings reveal: (1) Prospector strategies exhibit a greater propensity to enhance GTFP compared to defender strategies. (2) Digital transformation partially mediates between business strategy and GTFP. (3) Organizational legitimacy moderates between business strategy and GTFP. Specifically, when a company possesses robust financial standing (pragmatic legitimacy), a better environmental track record (moral legitimacy), and establishment of Environmental Management System certification (cognitive legitimacy), the positive relationship between business strategy and GTFP is strengthened. (4) Further research indicates that business strategy exerts a more pronounced effect on enhancing GTFP for companies with larger scales and weaker political connections, as well as those situated in regions characterized by high fiscal revenue and favorable legal environments. [ABSTRACT FROM AUTHOR]

Business strategy literature argues that firm survival and growth in any competitive environment depend on the adaptation of suitable competitive business strategies. Despite the growing interest in strategic management within the fish farming industry, there is a notable lack of empirical evidence exploring how the competitive environment influences companies’ business strategy and performance. This paper examines the direct effect of competitive strategy and the moderating effect of competitive intensity on business strategy-performance relationship. Using hierarchical regression to analyze 306 samples gathered from fish farming firms of south-Benin, empirical evidence shows that competitive strategy including cost-leadership, and both product quality and marketing differentiation strategies impact positively firm financial performance. This research highlights the relative importance of product quality differentiation strategy. In addition, findings indicate that competitive intensity structure contribute to firm success. Surprisingly, findings show that competitive intensity does not significantly moderate the effect of cost-leadership and product differentiation strategies. Besides, the effect of marketing strategy on firm performance becomes more negative under high competition in the domestic market. Study recommends that firms should gain organizational economic outcomes by pursuing cost-leadership strategy and product differentiation strategy whatever competitive intensity states in the domestic market of fish farming. [ABSTRACT FROM AUTHOR]

The primary objective of this research is to analyze the current business situation of Esteh Indonesia's Franchise Model, identify factors affecting its sustainability, and develop a new business strategy for sustainable growth. The conceptual framework is based on Rothaermel's AFI Framework, incorporating a comprehensive analysis of the 7P Marketing Mix, industry analysis using PESTEL and Porter’s Five Forces, and core competency evaluation through the VRIO framework. The literature review highlights key theoretical foundations, including franchising strategies, critical success factors, franchising relationship models, and the concept of Blitzscaling. The research method utilized a mixed-method approach, collecting qualitative data through one-on-one in-depth interviews with ten franchisees selected via convenience sampling revealed operational and market challenges and quantitative data through an online questionnaire administered to 200 customers. provided insights into purchasing behavior and brand perception. The qualitative data was analyzed using thematic content analysis to identify patterns and insights, while the quantitative data was analyzed using descriptive statistical analysis and Likert scales to measure customer perceptions and behaviors. To achieve sustainable growth, Esteh Indonesia should adopt a multifaceted strategy leveraging strengths, addressing weaknesses, capitalizing on opportunities, and mitigating threats. Focusing on a differentiation strategy based on the Porter’s Generic Strategy, emphasizing market penetration and product development based on the Ansoff Matrix, and utilizing the BCG Growth-Share Matrix to identify and replicate high-performing outlets, providing enhanced franchisee support, and upgrading to the 'Esteh 2.0' model will boost sales and brand equity, driving sustainable growth and solidifying Esteh Indonesia's market leadership. [ABSTRACT FROM AUTHOR]

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This study examines the nexus between business strategy and carbon emissions by utilising a dataset of U.S. firms from 2007 to 2020. It focuses on two broad types of firms, that is, prospectors and defenders. Regarding carbon emissions, we consider total emissions (Scope 1 & 2), direct emissions (Scope 1) and indirect emissions (Scope 2). The results reveal a significant association between business strategy and total carbon emissions as well as direct carbon emissions. Notably, the results suggest that prospectors, compared to defenders, display higher levels of total and direct carbon emissions. Our findings contribute to the debate on whether prospectors in developed countries mismanage sustainability issues. The study offers valuable insights into the interplay between business strategy and carbon emissions and provides empirical evidence that business strategy is an important determinant of total and direct carbon emissions. [ABSTRACT FROM AUTHOR]

Since the Paris Agreement in 2015, climate change has become an important global issue, prompting companies to adopt sustainable practices. PT United Tractors Tbk (UT), which relies heavily on coal, faces challenges due to the declining coal market and increasing emphasis on Environmental, Social and Governance (ESG) principles. This research explores UT's strategic transition to diversify into the minerals and renewable energy sectors and assesses the potential of Sustainability Linked Loans (SLL) to support this transition. The research aims to evaluate UT's readiness to implement SLL by examining its business strategy, ESG initiatives, and financial performance. A qualitative approach was used, involving semi-structured interviews with UT management and analysis of annual reports. Findings show that UT is committed to achieving a 50-50 revenue balance between coal and noncoal businesses by 2030. SLL offers a viable funding solution, providing financial flexibility and incentivizing ESG improvements through interest rate discounts. The study concludes that UT's strong commitment to sustainability and proactive management puts it in a good position to obtain SLL, enhancing its ability to balance its portfolio and achieve long-term sustainability. Recommendations include improving ESG measurement systems, securing SLL agreements, and continuously monitoring ESG achievements to maximize benefits. [ABSTRACT FROM AUTHOR]

It is inevitable that the growth of the oil and gas industry becomes one of the most significant causes of environmental pollution. The increasing number of oil and gas exploration and production company and companies focusing in conservation of natural and environmental resources will inevitably become a dilemma that will be faced considering the potential impact of such activities. It is important for a private oil spill response company in Indonesia to understand market dynamics, comply with regulations, manage risks, and build a strategic position for a long-term success. This research is part of the type or type of qualitative research that is analytically descriptive in order to provide a complete picture of the occurrence or event being studied and to analyze how the variables being investigated relate to each other. Analyzing the external environment that affecting private oil spill response company in Indonesia improves the organization's capacity to mitigate risks, adjust to technological advancements, and preserve a competitive advantage. It also enables the company to maintain a higher level of customer and stakeholder engagement that essential to deliver effective and efficient services. [ABSTRACT FROM AUTHOR]

Backgroud: The creative culinary industry plays a vital role in enhancing tourist destination attraction, serving as a cultural and culinary gateway for travelers. With growing awareness of sustainability and environmental concerns, it becomes imperative to investigate the development of sustainability strategies in this sector. Purpose: This study focuses on Semarang Regency, a burgeoning tourist destination, to assess the impact of sustainability strategies on attracting and retaining visitors. Design/methodology/approach: This quantitative research study was conducted with a sample of 250 respondents, comprising owners and managers of the culinary industry. The data were analyzed using Structural Equation Modeling (SEM) with WarpPLS 7.0 software. Finding/Result: The research unveiled significant relationships between sustainability strategies and tourist attraction. Environmental values were identified as a key driver, significantly influencing both cognitive and affective images. Additionally, low-carbon knowledge played a crucial role in shaping these images, highlighting the importance of eco-friendly practices and awareness in enhancing the industry's image. Cognitive and affective images were found to significantly contribute to the overall image of the sector, emphasizing their importance in shaping perceptions of sustainability efforts. Conclusion: These findings provide valuable insights for stakeholders in the creative culinary industry who are seeking to develop and implement sustainability strategies that enhance the attractiveness of tourist destinations in Semarang Regency. Original/value (State of the art): This study contributes to the understanding of how sustainability strategies can be effectively integrated into the creative culinary industry to boost tourist destination appeal. [ABSTRACT FROM AUTHOR]

Currently, banks are facing challenges in fulfilling the interests of stakeholders, not only from an economic point of view, but also in terms of environmental, social, and governance (ESG) aspects. This is due to the increasing concern for sustainability issues, including lending activities. Lending activities constitute the largest portion of bank assets and are the largest contributor to bank revenues. Thus, banks need certain business models and strategies to encourage sustainable lending growth; otherwise, it will be difficult for banks to fulfill stakeholder's interests and support sustainable development goals. This study aimed to build a sustainable business model and select sustainable lending strategies in state-owned banks in Indonesia using a value chain approach. The development of a sustainable business model utilizing a triple-layer business model canvas (TLBMC) is based on the results of previous research and sustainability report data of the three state-owned banks. The formulation of strategy selection as the key driver of sustainable lending utilized the analytical hierarchy process (AHP) based on expert respondent data collected through questionnaires. This research showed that the lending distribution business model at state-owned banks in Indonesia, which was built using the TLBMC framework, can realize sustainability goals in the form of a sustainable lending business model. Furthermore, this sustainable business model can be used as a basis for selecting sustainable strategies. In addition, the AHP results yielded alternative strategies in the form of the market development and penetration of green loans and micro, small, and medium enterprises (MSMEs) as the key drivers of sustainable lending growth. [ABSTRACT FROM AUTHOR]

The Covid-19 outbreak has created a situation in which most businesses now think of survival as a return. With the end of this crisis, they will not necessarily return to the pre-crisis period. The present study designs a strategy model to cope with industrial crises caused by the outbreak of common viruses. The meta-synthesis method was used to obtain a comprehensive combination of the factors of the strategy model to cope with the industrial crises caused by the outbreak of common viruses. To use this research method, Sandelowski, and Barroso’s seven-step method was used. The primary question of the present study is ”What are the criteria of the strategy model to cope with the industrial crises caused by the outbreak of common viruses?” Also, based on the previous studies, the present study performs an in-depth analysis of these factors in the international and national spaces and presents a classification of them. The research process is implemented as follows. The tests were categorized and coded using MAXQDA software. According to the literature and the background of the study and the results obtained, the factors of the strategy model to cope with the industrial crises caused by the outbreak of common viruses include organizational environmental factors, organizational crisis management, organizational resource management, organizational marketing, and customer-related strategies, organizational business model, organizational capabilities, organization human resource management, and organizational information management. In this regard, the category of environmental factors was ranked first, the category of organizational crisis management was ranked second, and the category of marketing was ranked third. [ABSTRACT FROM AUTHOR]

Purpose: Business strategy issues increasingly concern value realized from supply resources. However, how supply resources are valorized by managerial factions in a strategic issue setting is not sufficiently explored. In organizations operating in complex business contexts, several strategic agendas and supply value perceptions typically coexist. This study aims to explore the process of developing corporate attention towards supply-related strategic issues and how it links to sourcing strategy. Design/methodology/approach: An explorative longitudinal case study within the food industry is conducted. Data are collected in a four year period. Working physically from the case company made it possible to be close to the company's actors. The first author participated in 26 formal team meetings ranging from 1.5 h to 3 days long, conducted 28 interviews across managerial levels and functions and participated in informal verbal and written communications. Findings: This study explores strategizing efforts of organizations and scrutinize consequences of strategic ambiguity for sourcing strategy and supply resources. Furthermore, this study outlines implications for management and theory development. Research limitations/implications: Since this paper is based on an in-depth single case study, its findings are not empirically generalizable. Practical implications: This paper suggests that managers should pay stronger attention to constituents' valuation of supply resources, and how they fit with the different strategic agendas within the firm. By doing so, a more comprehensive supply resource mobilization is possible. Originality/value: Business strategy research increasingly focuses on the value of supply resources for a buying firm's business strategy (Kotabe and Murray 2018; Lee and Rammohan 2017; Schiele, Calvi, and Gibbert 2012). In a context where the value obtained from sourcing is gaining increased importance, more organizations link supply policies with corporate strategic goals (Andersen, Ellegaard, and Kragh 2016; Hesping and Schiele 2015; Pardo et al., 2011). However, existing supply chain research does not incorporate an organization's strategizing efforts, when considering supply resource valuation, and how this can be a source of ambiguity to sourcing strategy. The is the paper's contribution. [ABSTRACT FROM AUTHOR]

Abstract In the evolving global business environment, corporate social responsibility (CSR) has transitioned from being a philanthropic effort to a critical strategic necessity, particularly within Asian economies. Despite the increasing importance of CSR, the literature examining its application and impact in Asia remains both sparse and fragmented. This study addresses this gap by conducting a systematic literature review (SLR) of 79 scholarly articles, adhering to PRISMA guidelines, to ensure a comprehensive and replicable analysis of CSR practices within Asian corporate entities. The review uncovers key themes related to the integration of CSR into corporate governance structures, including the emphasis on renewable energy, ethical business conduct, employee engagement, and data privacy, while highlighting the distinct challenges and opportunities faced by Asian companies given their unique cultural, social, and regulatory landscapes. The findings indicate that although Asian firms are increasingly incorporating CSR into their strategies, there is a significant need for more robust evaluation frameworks, particularly concerning biodiversity, deforestation, and collaboration with conservation organizations. Looking ahead, the study emphasizes the importance of prioritizing renewable energy as a critical environmental focus across Asia, especially given the region's rapid urbanization and industrial growth. The transition to renewable energy sources is not only vital for mitigating environmental impacts and combating climate change but also presents long-term economic benefits. Additionally, the study identifies a substantial growth in digital adoption across various sectors in Asia, underscoring the need for stronger cybersecurity measures to protect emerging digital infrastructures. Culturally and socially, many Asian countries show a natural inclination towards sustainability, which can be leveraged to foster greater acceptance and integration of renewable energy at the grassroots level. Furthermore, the study advocates for enhanced collaboration within Asia and on a global scale to facilitate knowledge transfer, share best practices, and achieve economies of scale in renewable energy projects. Such joint efforts could accelerate the transition to sustainable energy and help overcome challenges related to technology, finance, and policymaking. These insights are essential for both scholars and practitioners aiming to align CSR practices with global sustainability goals, thereby fostering responsible corporate behaviour across diverse sectors in Asia.

Numerous authors and researchers state that the transition from Industry 4.0 to Industry 5.0 is practically a transformation from digital manufacturing to a digital society with the convergence of science and technologies in Society 5.0, moving from technology to society. Changes are noticeable in the field of quality, and it is realistic to expect a transition from Quality 4.0 to Quality 5.0, which involves a significant shift in focus and approach. This research aims to answer several questions: 1) to clearly understand the current situation and learn lessons from the implementation, successes, and drawbacks of Quality 4.0; 2) to discuss the vision, mission, trends, and challenges in transitioning to Quality 5.0; 3) to define models for the development, implementation, and integration of Quality 5.0, covering important variables such as development strategy, digitalization strategy, level of investment, level of business excellence, competitiveness level, and knowledge level. In this manuscript, we will provide an analysis and insights from a literature review of published manuscripts in this field, insights from industry solutions, as well as results from recent research.

Many sports organisations operate as non-profits, but the emphasis and role of for-profits in this sector cannot be avoided. Today, sports activities are connected to the business sector and generate profit, hence, sports sector is a decisive part of the economy. Sport profile companies differ in their organisational strategy formulation approach. The main focus was to learn more about their strategy approach and market behaviour. 350 sports business organisations were involved in a survey of 3,248 companies, and the Chi-square test, variance analysis, and principal component analysis were applied to the sample. Results showed that 75.7% of the responding sports companies had no written strategic plan. The availability of written strategies seemed to depend on the organisation's scale. The market-following behaviour was confirmed in the case of smaller sports enterprises. Fitness service providers appeared to follow a market-leading behaviour. Growth, investment, and development naturally emerged as essential factors for companies with higher sales revenue and operating sports facilities, and they were relatively less important in sports goods production and trade. Most of the results showed that in the sports business sector, large-scale organisations focus on strategic-related issues more than other players in the industry. [ABSTRACT FROM AUTHOR]

Opening a coffee shop is one of Indonesia's most popular business ventures, driven by the nation's growing coffee culture. However, coffee shop owners face challenges in developing effective strategies to sustain their businesses, ensuring consistent revenue, positive customer feedback, and steady product sales. Bagi Kopi has quickly expanded its presence with multiple branches across various cities. Despite its rapid growth, there is a significant disparity in sales performance between branches, with the Yogyakarta branch underperforming compared to Bandung. This study aims to propose a business strategy to boost sales at Bagi Kopi, focusing on the Yogyakarta and Bandung branches. Utilizing a comprehensive root cause analysis through internal and external tools. The study employs a mixed-methods approach, integrating both quantitative data from customer questionnaires and qualitative insights from semi-structured interviews with Bagi Kopi stakeholders. The findings indicate that differences in customer demographics, preferences, and market conditions between Yogyakarta and Bandung significantly impact sales outcomes. Based on these insights, the study proposes targeted strategies for Bagi Kopi in Yogyakarta, focusing on enhancing customer engagement, improving service quality, and leveraging local market opportunities. The proposed strategy includes specific actions such as marketing initiatives, regular staff training, and effective facility management to align the Yogyakarta branch’s performance with that of Bandung.

The global financial crisis increased uncertainty in economic policy. Firms manage challenges through business strategies and financial constraints and deal with crash risk more proactively to overcome these impediments. This paper investigates the mediating role of financial constraints in the association between business strategy and crash risk, and the type of business strategy that influenced crash risk in Egyptian firms from 2014 to 2021. Data were obtained from financial statements and reports available in the Thomson Reuters database. A total of 792 observations were collected, representing 99 Egyptian firms. The statistical techniques employed in the analysis included ordinary least squares, modified least squares, and path analysis. The results indicate that a higher financial constraint ratio increases crash risk and has a mediating effect on business strategy and crash risk. Results show a positive impact of prospector strategy on crash risk using OLS and GLS, in line with the bad news hoarding hypothesis. Further research shows that prospector strategies have a positive effect on financial constraints. Egyptian firms have higher levels of information asymmetry, which leads to adopting a prospector business strategy and exerts a more pronounced positive influence on the likelihood of crash risk. A robustness check confirms the positive effect of financial constraints as a mediator variable on the relationship between prospector business strategy and crash risk.

This article is based on a study that investigated the impact of Porter’s generic strategies on firm competitiveness (FC) and the mediating role of organisational innovation (OI) amongst small, micro, and medium tourism enterprises (SMMTEs). A quantitative approach was adopted, with questionnaires distributed to 320 SMMTEs in Harare, Zimbabwe. Data adequacy tests were performed followed by structural equation modelling. The findings showed that innovation – particularly market innovation (MI) – acts as a crucial mediator between business strategies and FC and that neither of the two forms of innovation is significantly impacted by differentiation strategy (DS). In addition, the overall low-cost leadership strategy (OLCLS) has a major effect on MI but not technological innovation (TI). It was thus concluded that the OLCLS via MI is central to SMMTEs achieving competitiveness. The study enhances understanding of how innovation mediates the relationship between Porter’s generic strategies and firm competitiveness in a developing country. The findings will assist managers to develop effective business strategies to enhance firm competitiveness.

This paper conducts a nuanced examination of organizational commitment, drawing from an array of European business practices to navigate the complexities introduced by the COVID-19 pandemic and the Ukrainian conflict. Employing a meticulous literature review methodology, the research spans academic articles, official reports, and organizational publications from 2010 to 2023. The selection criteria focused on relevance to organizational commitment, crisis management, and the impact of significant crises, employing a combination of keywords across various databases and websites. The analysis revealed an evolving understanding of organizational commitment, highlighting the necessity for Moldovan organizations to adopt contextually adapted engagement strategies. This adaptation is crucial in addressing the unique challenges posed by Moldova’s socio-economic conditions and the external pressures from regional instabilities. The study underscores the importance of flexible work arrangements, digital infrastructure improvements, and culturally informed management practices in fostering organizational commitment amidst uncertainty, offering insights for organizations aiming to maintain a committed workforce in challenging times.

This study investigates the impact of urban low-carbon governance on firms' capital-labor ratio. By treating China's low-carbon city pilot (LCCP) policy as an urban low-carbon governance instrument, we apply a difference-in-differences method (DID) and find that the LCCP program significantly reduces firms' capital-labor ratio, but the effect only manifests in state-owned enterprises (SOEs). The mechanism result demonstrates that to intensify urban low-carbon governance, local governments adjusted fiscal expenditure structure, resulting in SOEs employing less capital and more labor. This may be a business strategy adopted by SOEs to avoid environmental regulations, as we find that urban low-carbon governance significantly improves green technology innovation in non-SOEs, but not in SOEs. [ABSTRACT FROM AUTHOR]

The advent of the United Nations Sustainable Development Goals (SDGs) Agenda 2030 ushered in a new way of thinking about the forces that drive change in the business environment. Literature suggests that sustainable development is a megaforce driving change globally and envelops the traditional political, economic, social, technological, and ecological (PESTE) forces approach. This article reframes the external environmental analysis to integrate SDGs into the business strategy of a beverage manufacturing industry. A qualitative design using snowball sampling resulted in semi-structured, face-to-face interviews that were audio recorded. Interviews were held with eight executives, one former executive, and three non-executive staff from four companies of a southern African country's beverage manufacturing industry. The data exposed some ignorance on sustainable development. Many executives understood the importance of sustainable development without consensus on its exact nature and implementation in the organisational context. Thematic data analysis confirmed the relevance of sustainable development and the need to incorporate it in external environmental analysis. Categorising SDGs into a 5-P framework (people, prosperity, planet, peace, partnerships) and integrating it with the PESTE framework, the study provides a new approach/tool for external environmental analysis. This approach facilitates identification of SDGs that are relevant to business during strategic planning. [ABSTRACT FROM AUTHOR]

Industrial symbiosis can be seen as a collaborative process where actors jointly identify, develop, and maintain resource management innovations, primarily related to secondary material and energy flows, to reduce waste generation and increase resource efficiency. Although industrial symbiosis is commonly recognized and promoted as a process creating business values for involved businesses, knowledge of what kind of values are created and how remains unstructured—and possibly incomplete. This is problematic because, without wider considerations as to what business values can be created through industrial symbiosis, the concept may not garner sufficient support from businesses and policy makers. Therefore, this paper aims to develop and present a framework that captures the wide range of business value propositions of industrial symbiosis, including benefits and sacrifices, along with their enabling mechanisms. The framework was developed based on a synthesis of the literature and interviews with actors involved with existing industrial symbiosis networks and is divided into four domains: costs, revenues, risks, and soft values. Beyond providing an overview of industrial symbiosis business values, the framework has additional uses, such as assisting in negotiations of relationship governance terms, including pricing and compensation mechanisms. [ABSTRACT FROM AUTHOR]

Triple Bottom Line (TBL) may be one of the best weapons in one of today's biggest business challenges, achieving sustainability. Despite the importance of the economic dimension of TBL for companies' competitiveness, financial sustainability remains undervalued in research and business management practises. Thus, there is a need to deepen the knowledge about the relationship between sustainable business practises and the economic performance of firms. This study aims to analyse the influence of the economic dimension of TBL on firm financial performance. Three multiple linear regression models were estimated by the generalised method of moments for a sample of 70,057 Portuguese companies grouped according to their size. The results reveal that the economic dimension of TBL influences the financial performance of companies in a positive way, both at the level of value creation and from the perspective of company continuity. The study uses accounting indicators as the representatives of the economic dimension of the TBL and its consideration in conjunction with the stakeholder theory. The use, monitoring, and evaluation of the financial indicators of value and continuity that translate the application of TBL in the financial performance of companies may lead them to achieve financial sustainability. [ABSTRACT FROM AUTHOR]

AbstractThis study explores the underexplored application of benchmarking in Corporate Social Responsibility (CSR) among Chinese A-listed companies from 2010 to 2020. The results reveal a positive relationship between CSR performance and local best practices, indicating benchmarking’s influence on CSR activities. Notably, benefits like increased market value, robust revenue, and heightened analyst attention signify positive market signals, motivating companies to enhance their CSR performance. The impacts on CSR performance varies significantly based on leader companies’ CSR scores, ages, and follower companies’ ownership properties, sizes, and locations. Our findings offer valuable insights into CSR motivations and the performance effects of best practices. [ABSTRACT FROM AUTHOR]

The digital transformation process gained significant research interest in recent years especially related to achievements in sustainability goals. Even though there exists growing research regarding various aspects of digital transformation and sustainability procedures, a more detailed analysis is needed in different national environments. The proposed study empirically analyzes the Greek managers' perspective on the relationship between digital transformation intensity and sustainability practices implemented. Almost 156 Greek senior managers from various organizational sectors were interviewed, while a synthetic index already developed from previous studies was used. Results indicate that Greek companies do not fully exploit digital technologies to further develop their environmental practices. A digital transformation strategy contributes effectively to environmental strategies in the case of reducing emissions of waste and avoiding environmental accidents, while in the rest of the cases, emerging technologies play a less important role and not as a part of a holistic digital strategy. [ABSTRACT FROM AUTHOR]

The purpose of this study is to assess the implementation success of strategic information systems planning (SISP) in Ghanaian organizations. The study adopted the qualitative approach and interviewed 20 managers from large organizations in diverse sectors and used content analysis in analyzing the data. The results indicate that the success of SISP depends largely on the Alignment of an organization's Business Strategy to its IT Strategy, the Awareness of Top Management to utilize SISP in strategic planning, the Cooperation of all the functional units/levels of management in utilizing IS in their operations and the Capabilities of the employees in the firm. Findings further suggest that the available resources of the firms also play a key role in the SISP implementation Success. The study, therefore, concludes that adequate resources in terms of highly skilled manpower, financial resources, and financial commitment must be made available always to ensure SISP implementation success. In addition, policies should be formulated around these factors to ensure SISP implementation success for organizations that embark on SISP implementation. [ABSTRACT FROM AUTHOR]

In today's increasingly competitive and dynamic business environment, the ability to adapt and innovate is the key to long-term success. In this context, well-defined business models not only function as compasses for companies or ventures toward profitability, but they are also tools that allow them to face the complexities of the market. Although frameworks have been proposed to guide the construction of these models, such as the traditional Canvas, a gap has been found in the scientific literature about the integration of this Canvas with industry-specific tools. This lack of integration can limit the effectiveness of business strategies and hinder the ability of companies to make the most of their potential. For this reason, the purpose of this study is to address this gap by adapting a method that allows a deep integration between a tool of the sector, in this case, the various stages of the industrial value chain with the blocks of the traditional Canvas model. To this end, the cross-analysis method was adapted, which eased the generation of a practical guide for the creation of business models that not only consider the intrinsic characteristics of the business but also the particularities of the industry in which they use. This guidance was applied to a venture focused on the commercialization of bio packaging made from cocoa waste and the results revealed key symbiotic relationships between the value proposition and all links in the industrial value chain, as well as the tactical integration of strategic collaborations at multiple stages of the value chain to ensure the operational viability of the business. It was also found that this integration can offer valuable insights for strategic planning and business strategy formulation. [ABSTRACT FROM AUTHOR]

The digital age is characterized by rapid development, growth, innovation, and disruption. Organizations must adapt to the new digital landscape to remain competitive. Digital transformation involves more than just implementing new technologies. A digital transformation strategy is a plan for organizations to utilize IT technologies and methods to create new value and drive growth. The development and implementation of such a strategy have become central concerns for many organizations in research management. In this article, we discuss the technological potentials and challenges of digital transformation and propose a decision-making model using transformation technologies. [ABSTRACT FROM AUTHOR]

This study aims to analyze and formulate an effective strategy to enhance the competitiveness of the coconut oil industry at PT XYZ. With increasing competition in the global market, PT XYZ must adopt the right strategies to sustain and grow its market share. The research utilizes a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis to identify internal and external factors influencing the company's competitiveness. Furthermore, Porter's Five Forces analysis is used to assess industry dynamics and understand PT XYZ's competitive position within the coconut oil sector. The findings suggest that PT XYZ should prioritize improving production efficiency, diversifying its product offerings, enhancing product quality, and expanding its distribution network. To strengthen its position in the global market, PT XYZ should implement product innovations, upgrade quality standards, and invest in stronger branding initiatives. Additionally, the company should leverage its strengths to mitigate market threats and capitalize on emerging opportunities. These strategic recommendations are expected to significantly enhance PT XYZ's ability to compete in the coconut oil industry and ensure long-term sustainability. [ABSTRACT FROM AUTHOR]