Annals of Spiru Haret University
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IMPACT OF ARTIFICIAL INTELLIGENCE ON AGRICULTURAL, HEALTHCARE AND LOGISTICS INDUSTRIES
Get PDFThis qualitative research study was conducted to illustrate the relationships between Artificial Intelligence (AI) and non-tech businesses. AI is a broad branch of computer science. In information technology, the intelligent machine is a compliant and logical agent that recognizes its environment and takes full advantage of opportunities to achieve something. This paper provides detailed examples using AI outside of IT. The main method which is used for this research is literary analysis. The article consists of explanations about artificial intelligence in general, its impacts on logistics and transportation, agriculture and healthcare industries. Moreover, in this article, the methods used to leverage the developments of aforementioned industries are also mentioned and discussed.
THE DEVELOPMENT OF MARKETING IN TOURISM INDUSTRY
Get PDFThe purpose of this paper is how the marketing development and changing the tourism industry in the world.Tourism marketing is the business discipline of attracting visitors to a specific location. Hotels, cities, states, consumer attractions, convention centers and other sites and locations associated with consumer and business travel all apply basic marketing strategies to specific techniques designed to increase visits.In the tourism industry, marketing includes determining the unique selling benefit or benefits one area has over its competition. A destination might offer people looking to combine business and pleasure ease of travel to and from the area, ample convention halls and hotels, interesting nightlife, and activities for adult partners and children.The tourism marketing uses a wide variety of communications strategies and techniques to promote areas and destinations. A convention center might purchase advertisements in trade magazines for meeting planners and send direct mail materials to corporations that hold events. They might place ads in tennis or golf magazines to attract those consumers. The tourism destinations build websites and place ads in consumer publications read by their target customers. Chambers of commerce are involved in promoting their areas generally and the businesses within their areas specifically. This often includes offering potential visitors packets filled with brochures, discount coupons and other materials
DOES THE USE OF STRATEGIC MANAGEMENT ACCOUNTING TECHNIQUES CREATES AND SUSTAINS COMPETITIVE ADVANTAGE? SOME EMPIRICAL EVIDENCE
Get PDFThis study examined the extent to which the usage of strategic management accounting (SMA) techniques such as customer accounting and competitor accounting can create and sustain competitive advantage, with a focus on the manufacturing sector in Nigeria. Data obtained from the annual reports of fifty-six (56) publicly-quoted companies covering a 10-year period (2008-2017) were analysed using descriptive statistics, cluster analysis, cross tabulation, Chi-square test of association, and discriminant analysis. Whereas the frequency of high-adopters of customer-based and competitor-focused techniques was less than those of low-adopters, the adoption rate of SMA was noted to be generally moderate. Further, the usage of SMA positively and significantly impact competitive advantage. The observation that intense users of SMA were able to consistently outperform competitors at both the industry- and sector- level in the long-term supports the conclusion that to a large extent, SMA usage can both create and sustain competitive advantage. Seeing that it is not the mere adoption of SMA that sustains competitive advantage but its intense usage, organisations seeking strategies to improve their competitiveness may consider the rigorous application of SMA.
INVENTORY CONTROL MANAGEMENT AND REVENUE GENERATING CAPABILITIES OF OIL AND GAS DRILLING FIRMS IN NIGERIA
Get PDFAbstract The critical role of effective inventory control has been much emphasized in the oil and gas industry which is subdivided into upstream and downstream sectors with drilling activities falling within the upstream subsector. In light of this development, this study investigates effective inventory control and effective drilling activities of oil and gas drilling firms as well as its relationship with revenue generating capabilities of oil drilling firms in Nigeria. Simple random sampling technique was adopted. Presentation and analyses of primary data collected with questionnaire and testing of the hypotheses were done using percentage and Spearman’s Rank correlation coefficient. The results from the tests with the use SPSS show positive and significant correlation between ineffective inventory management and downtime in the operations of oil and gas drilling with a correlation value of 0.682 with p-value = 0.001< 0.05 which implies that there is 68% relationship between ineffective management and downtime drilling. There is a significant correlation between incessant downtime in operations of oil and gas drilling firms and their income level owing to poorly managed inventory control with a correlation coefficient value of 0.788 with p-value = 0.000< 0.05 which implies that there is 79% relationship between income (profit) level and downtime in drilling operations. Incessant downtime in drilling operations of oil and gas firms as a result of poor inventory control management has significant difference with termination of contract of oil drilling firms with the result the F-cal value as 344.632 while F tabulated value as 3.901 leading to rejection of hull hypothesis. Based on the findings, it was the recommended that oil drilling firms should strengthen their inventory management system for effective and timely work delivery in order to avert downtime, loss of income and termination of contracts. Finally, members of staff of an oil and gas drilling firms in inventory unit should be trained and retrained on regular basis to embrace technological changes in inventory management to improve their performances which would in turn strengthen the inventory management of such firms
FOREWORD
Get PDFIn their article called The New Economy Drivers and Disrupters Report. Tracking the Forces Threatening the World’s Hottest Economies published in Bloomberg Businessweek in October 29, 2019, authors Tom Orlik, Scott Johnson and Alex Tanzi say that “twenty years ago, China’s economy was a tenth the size of the United States. In 2019, it is two-thirds as big. In 2039, on the current trajectory, it will be more than 10% bigger. India will have leapfrogged Japan and Germany to claim the No. 3 spot in the global rankings. Vietnam will be closing in on the top 20. Disruptive forces are sweeping the global economy. Populist regimes are throwing out the policy rulebook. Protectionism is deadening the trade flows that drove China’s rise. Automation and the digital economy are boosting productivity for some, eroding old sources of advantage for others. The threat of climate change looms. The path to prosperity followed by such success stories as Korea and Japan is increasingly hard to follow. From Beijing to Brasilia, getting the right mix of smart investment, skilled workforce, innovation capacity and effective governance in place is already tough to do. Combating disruptive forces – which, from protectionism to climate change, threaten an outsize impact on low- and middle-income economies – adds to the challenge.” The same Report says that “the origins of many of the changes sweeping the global economy can be traced to two sources: trade and technology. ....
THE OPINIONS AND PREFERENCES OF THE EUROPEAN BUYERS ON THE FURNITURE AND FURNITURE ACCESSORIES MARKET
Get PDFIn this article we aim to analyze the preferences and opinions of European furniture buyers in the context of Germany, Italy, Poland, France and Austria being among the top 10 world furniture manufacturers, accounting for over 19% of the world production and 60% of the European one. We have developed this research given that the furniture industry is an important sector in the economy, employing about one million people at the level of the European Union, in 130,000 companies in the field. The furniture segment is also well represented in the field of innovation also, accounting for 12% of the applications for design registration in the European Union Intellectual Property Office (EUIPO). This also reflects on the production of furniture, currently 2/3 of the world’s leading peak production coming from Europe. The research is of a quantitative nature, the technique adopted is the interview, and the research tool is the questionnaire. The purpose of the research is to identify the way and the level at which European consumers’ value furniture accessories in the general context of furniture quality assessment in conjunction with the need for accessory information
PROVISIONS CONCERNING THE ORGANIZATION OF EVENTS FOR THE PROMOTION OF PRODUCTS ON PHARMACEUTICAL MARKET IN ROMANIA
Get PDFFor the purpose of writing this paper, we were motivated to choose this subject as it is a core part of the pharmaceutical companies' business strategy of promoting medicines. Regarding the importance of the research theme and the business environment, it is crucial that anyone connected to this business should realize the importance of organization, details, good deployment and impact of each event. In this respect, marketing can be seen as a true system of economic activities related to the programming of products and services that have the role of satisfying the requirements of current and potential consumers considerably, but is also linked to prices, promotion and distribution products or services. Having knowledges about how important is the marketing part of pharmaceutical market, taking in consideration the huge budgets that medical and pharmaceutical companies spend on the events organized in this domain, we consider that a company which is able to have a new approach and a new vision for the organization of events and sharing medical education to doctors and medical information to patients will have a big success
FIRM VALUATION CONCEPT AND DISCOUNTED CASH FLOW METHOD: A COMPARISON OF STOCK MARKETS
Get PDFCompany (or firm) valuation – an evaluation process of a company to appreciate the value of a company’s right in this company or business. There are two objective and subjective aspects of value. The subjective value is the value determined by individuals and desires. For example, it is a subjective decision that the investor assesses the competitor over the normal to be monopoly in the market. The objective value is the value determined by the cost and benefits of the goods and services.Although there are many performance measures that measure company success, none is as comprehensive as value. There is a strong and linear relationship between a company’s market value and its discounted cash flows. Because earnings are used to generate the income statement, they cannot be used to measure cash flows.Firm valuation means seeking the goal of the firm which is listing it on the Stock Exchange. Real value of the firm can be calculate with different methodologies. These methods are related to future expectations or background of the firm’s financial data. Discounted Cash Flow (DCF) Method is one of the firm valuation methods used all around the world and it is accepted by the experts.Market value is also used for comparison and performance measurement purposes. Valuation of a company’s future expectations, current status, mergers or acquisitions is extremely important. Even the firm value can be used to compare the capital markets of countries. In our study, capital markets and total market values of selected countries are compared. The increase in the share price increases the market value of the company. Therefore, the aim of the firms should be to increase the shareholder value or to take decisions to increase the stock price.
STUDY REGARDING THE LEGAL OR JUDICIAL REHABILITATION OF PERSONS ENGAGED IN ECONOMIC ACTIVITIES
Get PDFThe consequences derived from any sentence pronounced for a crime committed by a major person, pertains to the constitutional law, administrative law, civil law, family law labor law or commercial law and consist in legal effects of criminal or extra-criminal nature, perpetual or long term ones which result from the fact of the criminal conviction itself and put the convict in a disadvantageous situation.Having a legal tool character by which the legal consequences resulting from a conviction cease or, in a larger sense, a legal tool character by which the ex-convicts are legally reintegrated in the society, its effects consist in the same.
ICTs AND EMPLOYMENT: NEW OPPORTUNITIES ON THE LABOUR MARKET
Get PDFObjectives: In this paper, the potential for increasing employment opportunities and skills availability is investigated. Prior work: E-work activities differ by countries, with impact in various fields. Approach: The statistical data are used to underline the trends. Results: E-work is an emerging process and supports the development of a new business model. Implications and value: From the businesses perspective, e-work phenomenon may represent a new opportunity, and competitiveness could be improved. Also, e-work may present advantages and disadvantages with influences on the results of workers and businesses. In this paper such trends are analysed, in a comparative approach