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Implementation of Enterprise Risk Management as a Strategy for Increasing Competitive Advantage: Study at Companies in Central Kalimantan
This research investigated the impact of Enterprise Risk Management (ERM) and organizational culture on competitive advantage (CA) in cigarette companies in Kalimantan. Through in-depth interviews with three key informants (a branch manager, a sales supervisor, and a finance account manager), the study revealed that effective ERM, particularly in managing external risks like regulatory changes and market fluctuations and internal risks such as operational challenges and HR issues, is crucial for achieving CA. Additionally, an organizational culture that fosters innovation, risk-based performance assessment, and effective HR management significantly contributes to the success of ERM and strengthens CA. Companies can better manage risks and enhance their competitive position by adapting to market changes and embracing innovation. While this research offers valuable insights, its generalizability may be limited due to its focus on cigarette companies in Central Kalimantan and its relatively small sample size. Future research could broaden the scope to include a broader range of companies and regions to gain a more comprehensive understanding. This study's original contribution lies in exploring the interplay between ERM and organizational culture in the context of CA in the cigarette industry. The findings emphasize the importance of integrating risk management and organizational culture as a strategic approach to maintain and strengthen competitive advantage, providing valuable implications for research and practice in this fiel
Multi-Objective Portfolio Optimization Strategy using the SPEA-II Algorithm
In the finance world, the precise selection and optimization of stock portfolios are of paramount importance. This study explores the application of intelligent algorithms, particularly the multi-objective of Strength Pareto Evolutionary Algorithm II (SPEA-II), alongside traditional methods to determine optimal portfolios. Using the monthly stock prices, the Markowitz model is developed, focusing on the return and semi-variance criteria. Realistic constraints are applied to formulate a multi-objective optimization problem. SPEA-II and traditional multi-objective optimization methods are used to solve this problem, resulting in a set of optimal portfolios. The results show that the SPEA-II algorithm can generate portfolios with higher returns and lower risks compared to the Markowitz model and traditional methods, taking into account the complex and nonlinear conditions of the capital market. In addition, the SPEA- II algorithm showed significant efficiency and stability across different frequencies and time periods. The study highlights that the SPEA-II algorithm can serve as an effective and efficient method for stock portfolio selection and optimization, helping investors to identify portfolios with lower risk and higher retur
The Future Of Sustainable Data Centers In ASEAN - Malaysian Legal Lessons As A Wake-Up Call
Utilizing Graphic Organizers to Enhance Retention of Knowledge in ESL Writing Skills
Purpose - Writing is a difficult skill to master and improve, especially for students who learn English as a second language. Thus, this study explores the impact of employing graphic organizers on the writing performance of Form Four students and their knowledge retention. These students were 16- year-olds at the time of study. Furthermore, the investigation delves into the perceptions of students on writing methods. Methodology - This study employed a quasi-experimental design. The experimental group received instructions applying graphic organizers and the control group received instructions applying the conventional method. Pre-test, Post-test 1 and Post-test 2 were utilized to collect the data. The sample comprised 120 Form Four students chosen as intact groups from two schools, there were 60 students in each group. The study lasted for 11 weeks. One-way ANOVA and Repeated Measures were used to analyze the data collected from the Pre-test, Post-test 1 and Post-test 2, while the qualitative data gathered from the semi-structured interviews were investigated using thematic analysis for emerging themes. Findings - The quantitative results indicate that the experimental group performed significantly better than students from the control group in their overall writing skills and retention of knowledge in writing Findings from the qualitative data supported the quantitative findings which revealed that incorporating graphic organizers in writing boosted students’ motivation in writing and facilitated their learning, especially in the domain of content, organization, elaboration of ideas, and language. Significance - ESL teachers could use graphic organizers as an alternative method to improve students’ writing skills. Teacher training should prepare teachers to use methods that effectively utilize graphic organizers in the writing proces