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Strategic Assets, Competitive Capabilities and Firm Performance: Review of the Literature
Justus M. Kyengo,
James Kilika
Issue:
Volume 2, Issue 3, August 2017
Pages:
140-147
Received:
27 December 2016
Accepted:
3 February 2017
Published:
24 February 2017
DOI:
10.11648/j.jbed.20170203.11
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Abstract: Each firm faces a unique set of competitors when similarities among products and resources are considered to identify competitors. Despite much debate in the strategy literature on strategic assets, competitive capabilities and firm performance this debate has generated little consensus, hence the knowledge gap that the current paper seeks to fill. The objectives of the study are as follows; to review the extant theoretical literature on strategic assets, competitive capabilities and firm performance, to review the extant empirical literature on strategic assets, competitive capabilities and firm performance, to identify the gaps in literature that will help in understanding the relationship between strategic assets, competitive capabilities and firm performance and to propose a theoretical framework based on the identified theoretical and empirical gaps. This study will be important in terms of empirical enhancement since past studies have limitation of the empirical research on strategic assets and competitiveness in regards to being imperfect comparability of results across different studies using different variables (features) describing competitiveness. This paper contributes to the theoretical research on strategic assets, competitive capabilities and firm performance not only by the synthesis of old and new writings as well as the findings of the exploratory studies, but also by concept synthesis. Since the concept of strategic assets and competitive capability can be reported to individual product/service, enterprise/farm, industry, economic sector, region, nation or international economic blocks, the attempts towards creating one common definition of strategic assets, competitive capabilities seem to be doomed to fail. This study is significance because it will be used in the developing of government policies on strategic assets, competitive capabilities and its links to performance. This is important because developing government policies to improve the business competitiveness requires an understanding the major factors that facilitate or impede firms’ ability to compete. These factors can, however, differ depending on a country, region or industry. This study will facilitate polices on public spending and taxes, exchange rates, interest rates, and government regulatory activities as some of the examples of key macroeconomic determinants of competitiveness.
Abstract: Each firm faces a unique set of competitors when similarities among products and resources are considered to identify competitors. Despite much debate in the strategy literature on strategic assets, competitive capabilities and firm performance this debate has generated little consensus, hence the knowledge gap that the current paper seeks to fill....
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Contribution of Trust Bank Ltd. As a Socio–Economic Development of Bangladesh: An Analysis
Issue:
Volume 2, Issue 3, August 2017
Pages:
148-155
Received:
20 November 2016
Accepted:
7 December 2016
Published:
9 March 2017
DOI:
10.11648/j.jbed.20170203.12
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Abstract: Commercial bank can play crucial role in Bangladesh economy. Trust Bank Limited is one of the leading private commercial banks having a spread network at the country. This paper mainly focused on the extensive work of Trust Bank Ltd. to alleviate poverty from the country such as- SMEs, agriculture, women entrepreneurs, CSR campaigns, green projects like Bio-gas, Solar Panel, ETP etc. To examine the average relationship between total net profit and internal indicators, multiple regression analysis will be done. Time period of the study is 2006 to 2015. Credit business is going to be a popular business among the customer of Trust bank Ltd. based on findings of regression analysis. As suggested by the author TBL must work more efficiently for socio–economic development of the country. To channel saving-investment process and creating employment opportunities, TBL should prepare and execute their strategic plan properly.
Abstract: Commercial bank can play crucial role in Bangladesh economy. Trust Bank Limited is one of the leading private commercial banks having a spread network at the country. This paper mainly focused on the extensive work of Trust Bank Ltd. to alleviate poverty from the country such as- SMEs, agriculture, women entrepreneurs, CSR campaigns, green projects...
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Towards a New Understanding of the Economic Liberalization Philosophy
Mostéfaoui Sofiane,
Yousfat Ali
Issue:
Volume 2, Issue 3, August 2017
Pages:
156-160
Received:
3 February 2017
Accepted:
4 March 2017
Published:
22 March 2017
DOI:
10.11648/j.jbed.20170203.13
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Abstract: The liberalized regime in any economy aims to perform three functions: the mobilization of saving (the pooling effect), the allocation of saving to the investment projects (the allocation effects) and the facilitation of payment system operations (operational effect). These functions impact tremendously the developmental trend of the economy and impact its consequences both at short and long terms. In this context, the issue of which channels allow the bank to perform best their allocation mechanisms of the saving towards the profitable investment is a controversial one as the question is currently asked about whether the state or the market oriented perspective is more able to adjust rationally between the allocation costs and its revenues. This paper tries to highlight the steps of the market oriented perspectives on the efficiency system and their impact on the economic prosperity.
Abstract: The liberalized regime in any economy aims to perform three functions: the mobilization of saving (the pooling effect), the allocation of saving to the investment projects (the allocation effects) and the facilitation of payment system operations (operational effect). These functions impact tremendously the developmental trend of the economy and im...
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Examining the Essence of Performance Appraisal to Zoomlion Ghana Limited in Tamale
Abdul-Razak Abubakari,
Dasana Salifu Wumbei
Issue:
Volume 2, Issue 3, August 2017
Pages:
161-169
Received:
6 February 2017
Accepted:
27 February 2017
Published:
22 March 2017
DOI:
10.11648/j.jbed.20170203.14
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Abstract: This study examined the essence of performance appraisal to Zoomlion Ghana Limited in Tamale Metropolis. A quantitative approach was adopted and both descriptive and inferential statistical tools were used in analysis of data. The research sought to examine the essence of PA to Zoomlion Ghana Limited, a waste management company in Tamale Metropolis. Also, challenges associated with the PA system were also research on. A sample of 100 respondents were research on and a questionnaire was used to collect data from the respondents. It was found that PA results is a means of determining the employees’ remuneration; discover employees’ strength and weaknesses; achieve relevant feedback for monitoring. The PA systems challenges were identified as; appraise bias towards appraises; transfer of sentiments by the appraisers; variations in appraises results; and appraisers becoming too generous or too critical. The company can use meetings, regular for a as means of communicating the essence of PA in the organization. Appraisers also need be made to undergo refresher courses to enhance their capacities and also get them imbued with best practices in PA.
Abstract: This study examined the essence of performance appraisal to Zoomlion Ghana Limited in Tamale Metropolis. A quantitative approach was adopted and both descriptive and inferential statistical tools were used in analysis of data. The research sought to examine the essence of PA to Zoomlion Ghana Limited, a waste management company in Tamale Metropolis...
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The Corporate Social Responsibility in Vietnam to Day
Issue:
Volume 2, Issue 3, August 2017
Pages:
170-175
Received:
15 February 2017
Accepted:
1 March 2017
Published:
22 March 2017
DOI:
10.11648/j.jbed.20170203.15
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Abstract: Corporate social responsibility - CSR is the corporates commitments for stable economic development through activities which enhance living quality of the laborers, their family, community, and society, in a way which benefits both the corporate and common development of the society. The good implementation of CSR by the corporate does not only ensure the sustainable development of the corporate but also the society. Vietnam today who are bringing the CSR into their own business strategy often are big enterprises and the enterprises with export market. Meanwhile, the medium and small enterprises have not been seen opportunities and benefits of the CSR, some of them have even misunderstood or intentionally misunderstood the importance of SCR. This article focused on analyzing the corporate social responsibility, roles of the implementing the SCR and some matters of implementing the SCR in Vietnam.
Abstract: Corporate social responsibility - CSR is the corporates commitments for stable economic development through activities which enhance living quality of the laborers, their family, community, and society, in a way which benefits both the corporate and common development of the society. The good implementation of CSR by the corporate does not only ens...
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Entrepreneurship Evolution and the Growth of Small Scale Businesses in Nigeria
H. N. Nzewi,
E. M. Onwuka,
M. Onyesom
Issue:
Volume 2, Issue 3, August 2017
Pages:
176-181
Received:
30 October 2016
Accepted:
8 March 2017
Published:
18 May 2017
DOI:
10.11648/j.jbed.20170203.16
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Abstract: Entrepreneurship is an essential variable in the growth and development of any economy. The point at which man stopped satisfying only his needs and accommodated the needs of others marked the real evolution of entrepreneurship. Entrepreneurship development has been gradually corresponding with the development of the human race and it has reinforced the emergence, proliferation and growth of small scale businesses in Nigeria. In the light of the above, this paper attempts to establish the impact of entrepreneurship evolution on the growth of small scale businesses in Nigeria by discussing the concept of entrepreneurship and its evolution in Nigeria, the concept of small scale business and efforts aimed at enhancing the growth of small scale businesses in Nigeria. The paper also x-rays the relationship between entrepreneurship evolution and the growth of small scale businesses in Nigeria. It was concluded in the paper that entrepreneurship evolution has positive correlation on the growth of small scale businesses in Nigeria.
Abstract: Entrepreneurship is an essential variable in the growth and development of any economy. The point at which man stopped satisfying only his needs and accommodated the needs of others marked the real evolution of entrepreneurship. Entrepreneurship development has been gradually corresponding with the development of the human race and it has reinforce...
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Time to Chirp; an Advice to Pakistan, China and India
Muhammad Aamir Ali,
Muhammad Afzal Asghar,
Haroon Sarwar,
Daniyal Saleem,
Sehrish Ammar,
Aroopa Iqbal
Issue:
Volume 2, Issue 3, August 2017
Pages:
182-186
Received:
16 February 2017
Accepted:
4 March 2017
Published:
20 May 2017
DOI:
10.11648/j.jbed.20170203.17
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Abstract: The scientific research is the key for industrialization. The objectives of this paper are to investigate the relationship between stock market growth and economic development and the moderating effect of scientific research on this relationship. The panel study is done by taking three countries Pakistan, China and India and the sample data is taken for each country from 1992-2012. The STATA 11 is used for statistical analysis and Hausman Test signifies the significant of random-effects regression model. The results show that the relationship between stock market and economic growth is significant and the moderating effect of scientific research is also significant. The Breusch and Pagan Lagrangian Multiplier test for random-effects model also show significance of the random-effects model. The study is very beneficial for these countries to focus on scientific research in future.
Abstract: The scientific research is the key for industrialization. The objectives of this paper are to investigate the relationship between stock market growth and economic development and the moderating effect of scientific research on this relationship. The panel study is done by taking three countries Pakistan, China and India and the sample data is take...
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An Analysis of the Impact of Macroeconomic Variables and Foreign Direct Investment in Nigeria: A VECM Granger Causality Framework
Issue:
Volume 2, Issue 3, August 2017
Pages:
187-197
Received:
31 March 2017
Accepted:
15 April 2017
Published:
26 May 2017
DOI:
10.11648/j.jbed.20170203.18
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Abstract: This study examines the impact of macroeconomic variables on foreign direct investment in Nigeria over the period of 1981 to 2014. The data for the research was taken from Central Bank of Nigeria (CBN). Based on empirical analysis and econometrics technique, co integration method was adopted to measure the long run relationship between macroeconomic variables (economic growth, exchange rate, inflation-consumer price index, and oil price) and foreign direct investment and the direction of causality between the variables using VECM Granger causality framework plus variance decomposition and impulse response for robust analysis. The result from Johansen’s estimation revealed FDI and macroeconomic variables have at least one common stochastic trend driving the relationship between them. The results from VECM are as follows; that there is long-run unidirectional causality between FDI and real GDP, whereas, in the short run causality do not run from any direction. There is bidirectional causality between FDI and exchange rate. However; there is no causal relationship between in the short run. There is also a noticeable unidirectional causality running from inflation rate captured by consumer price index to FDI in the short run. Bidirectional causality between FDI and Oil price was reported in the long run. These results could be a guide to policy makers in analysing the FDI inflow into the Nigerian economy as thus policies should aim at improving stock improving the level of infrastructure on the continent, opening up and liberalizing trade, strengthening institutions and reducing macroeconomic instability will be beneficial for FDI flows to the continent. Finally, policies aimed at attracting FDI are necessary because higher FDI flows can cause more banking and financial development. Also, government should strengthen the political institutions and adopt democratic principles that will ensure stability within the polity. The current crisis in the Niger-Delta region has been a major obstacle to crude oil production. The restoration of peace in the region will, in turn, too more foreign investment to Nigeria. Finally, the government should invest more in infrastructure (like power, energy, transportation, telecommunication, etc,) so as to enhance the competitiveness of the environment of investment and ultimately increase FDI inflows. All of these should be complemented with the on-going war on corruption.
Abstract: This study examines the impact of macroeconomic variables on foreign direct investment in Nigeria over the period of 1981 to 2014. The data for the research was taken from Central Bank of Nigeria (CBN). Based on empirical analysis and econometrics technique, co integration method was adopted to measure the long run relationship between macroeconomi...
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