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Problems and Solutions to the Cost Control of Small and Medium-Sized Enterprises
Get PDFRecent years, many small and medium-sized enterprises has been growing rapidly. They are playing a more and more important role during the process of economic development. China's small and medium-sized enterprises with diversified products and flexible market response effectively promoted the development of social economy. Though the characteristics of small and medium-sized enterprises have brought opportunities for its development, they also have defects. On the one hand, they are inferior to those large enterprises in many aspects such as :human resources、financial resources and material resources. On the other hand, small and medium-sized enterprises exist many problems in the cost control field too. In this article, we take the cost control of small and medium-sized enterprises as the research object and try our best to clarify the causes of the problems of cost control in small and medium-sized enterprises with some cost management methods. We will try to find some solutions in order to provide effective help for small and medium sized enterprises in china
Brand Development in Global Brands and the New Target Generation Y (Millennials)
Get PDFWith globalization, global brands have become a constant competition with each other. In time, it has become inevitable for brands to address the same goal in different directions, sectors and products. For this reason, the brands have adopted the enlargement policy and aimed to grow the target masses and to make more profit by going out of the main sectors. The Y generation (Millennials), the largest target group of today's largest purchasing power, is an important source of revenue for brands, causing brands to expand in various directions.In this study, the analysis will be made about the example global brand H&M, will be study by making an analysis of its current situation, its brand stretching policies will be examined, and by comparing the brand with its competitors, a new stretching will be proposed
The Determinants of Customer Loyalty for Telecommunication Provider
Get PDFTelecommunication has become an inseparable element in human life. As the advancement of technology, the numbers of service provider have risen in order to support a better telecommunication. To retain its customers, certainly the telecommunication provider should have loyal customers. Three variables have been chosen to determine the customer loyalty, namely service quality, customer satisfaction, and switching costs. This study proves that service quality has a positive influence on loyalty through intermediary from customer satisfaction. It is also found that switching cost also has a positive influence on loyalty. Telkomsel suggested to create attractive programs to maintaining service quality, customer satisfaction and switching cost for its customers. These efforts are attempts to build customer loyalty
Safety Practice and Employee Productivity in Selected Mining Firms in Ebonyi State, Nigeria.
Get PDFThere is growing uncertainty about the application of safety practices for the desired employee productivity. This uncertainty arises from a disagreement from two schools of thought as to whether or not safety practices have a direct impact on the productivity of mining firms. This disagreement has resulted to ineffective application of safety practices in securing a healthy working environment necessary for operational excellence. Therefore, this study, sought to establish the correct link between safety practices and employee productivity of selected mining firms in Ebonyi State. The specific objectives of the study are: to determine the extent to which safety culture relates to production output of employees and to ascertain the extent to which safety procedures relate to work input of employees of the selected mining firms in Ebonyi State The study employed a correlational design such that structured questionnaire designed in 5-point likert scale was administered on the sample of two hundred and eighty four (284) drawn from the three senatorial districts of Ebonyi State, out of which, 270 copies were returned, and subsequently used for the analysis. The data collected from respondents were analyzed with Pearson Product Correlation Coefficient via SPSS version .20. The study employed component factor analysis using varimax rotation to ensure the usability and suitability of the research instrument. Also, for sampling adequacy Bartlett Test of Sphericity and Kaiser-Meyer-Olkin were employed. Test retest approach was employed such that Cronbach alpha coefficient was used to determine the reliability of the research instrument. The study revealed that there is a significant and positive relationship between safety culture and production output of employees (r = 0.83) and a significant and positive relationship between safety procedures and work input of employees. From the findings, the study concludes that there is a significant relationship between safety practices and employee productivity. The implication of the result is that effective utilization of safety practices will provide convivial and healthy working environment necessary for improved production output and therefore recommended that management of these firms should take effective measure in ensuring full comply with safety practices of their organizations through hierarchy of control-system-mechanism
CONTRIBUTION TO THE ANALYSIS OF THE EXPLANATORY FACTORS OF THE FINANCING DECISION OF THE SMALL AND MEDIUM ENTERPRISES (PME) SENEGALESE BY THE BIMAO (BANK OF THE MUTUALIST INSTITUTIONS OF WEST AFRICA).
Get PDFThis paper deals with the problem of financing SMEs. The latter often find it difficult to raise funds and finance their activities. A modest contribution is to analyze the success factors of SME credit applications. An operation of 116 loan application files at the BIMAO level makes it possible to detect variables that can influence the financing decision.An econometric treatment based on a logistic regression leads to a model able to make predictions. Thus, we find that financial guarantees short-term financing requests and service activities facilitate a favorable financing decision. These variables have a positive and significant influence on the financing decision
MARKETING IN WESTERN VERSUS EASTERN CULTURE – COMPARING AND CONTRASTING BETWEEN THE U.S. AND JAPAN
Get PDFIn this paper we consider differences in marketing in Western vs. Eastern cultures and use the United States and Japan as the primary, but not exclusive, focus of our discussion. We first consider the general issue of companies trading internationally, and home in on the U.S. and Japan. We consider corporate cultures and examine a deeper look at the U.S. vs. Japan along a set of six dimensions, and we distinguish between internal and external aspects. We use case studies of three companies to illustrate our points, and end with a noting of our conclusions and managerial implications and some advice for companies seeking to enter the Japanese market
Money Neutrality: An Empirical Assessment for Mexico
Get PDFThe quantity theory of money assumes that money itself is neutral with respect to real output, both in the long and short term. Therefore, this last period should not be affected by changes in the money supply. A review of the literature is carried out in order to provide a framework for the empirical analysis. To test the above proposition for Mexico, M1 is used, while GDP, duly adjusted for inflation stands for output. The period under consideration covers from the first quarter of 1993 to the first quarter of 2018. The results expose a cubic function. For the long term and with respect to M1, the price elasticity is positive with a substantial coefficient (10.03). In its squared portion, the coefficient is inelastic and negative (-0.49). Finally, the cubic coefficient is close to zero (0.01). These three coefficients bear a one period lag. Besides, a dummy variable comprising the four quarters of 1995, when the Mexican economy experienced a recession, was introduced. In the short term, the coefficient for the straight section is considerably large (38.19), being negative and elastic in its square tranche (-1.81), and almost negligible in its cubic portion (0.03). A dummy variable for the four quarters of 1995, when the Mexican economy experienced a recession, was introduced. As a result of the above estimates, while there has been a considerable effect in real output as a result of increases in the money supply, particularly in the early years considered, its value has been receding at a considerable pace. These results apply in the long as well as in the short term. The only difference in this similar pattern is that such effect has been stronger during the short term. With respect to the theoretical tenets underling the subject, it should be observed that the effects of money supply in real output are mixed, depending on the periods under consideration
Finitely generated groups with all finite subgroups subnormal
Get PDFIn this paper, the finitely generated periodic groups with all infinite subgroups subnormal are characterized
A new approach to gauge theory and variational principal
Get PDFThe objective of this paper is to present an alternative method of finding the gauge for the elements of an atom, the nucleus, and the electron. The alternative method is based on the behavioural attributes of the nucleus and the electron. It is assumed that atom is intelligent, and therefore, it behaves as any intelligent entity. Given this premise, both the nucleus and the electron can change positions. Their positions can be found in Borel tensor sets of the Universal Probability Space (UPS). Position change from one Borel tensor set to another is caused by interpretation of ongoing conversation between the nucleus and the electron. The validity of the invariance principal is checked in view of the new gauge theory
A new Pachpatte type dynamic inequality on time scales
Get PDFIn this paper, using the comparison theorem, we investigate a new Pachpatte type dynamic inequality on time scales, which provides explicit bounds on unknown functions. Our result unifies and extends a continuous inequality and its corresponding discrete analogues