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Corporate Entrepreneurship and Manufacturing Firms’ Performance
Get PDFThe study evaluates the effect of corporate entrepreneurship (measured by innovation, proactiveness, risk-taking, strategic renewal and corporate venturing) on the non-financial performance of manufacturing firms in Nigeria (measured by market share and employees satisfaction). The study employed survey research design, through the administration of structured questionnaire to management staff of eight manufacturing firms in Nigeria. The findings revealed that innovation, risk taking, proactiveness, strategic renewal and corporate venturing are all significantly related with manufacturing firms’ non-financial performance. It can therefore be concluded that corporate entrepreneurship (CE) elements (risk-taking, innovation, corporate venturing, proactiveness and strategic renewal) enhance manufacturing firms’ non-financial performance (market share and employees’ satisfaction). It is recommended that manufacturing firms should employ CE elements towards the enhancement of their non-financial performance
Company Maturity Matrix
Get PDFThe paper presents a Company Maturity Matrix as the possible interaction between two critical variables in management science: “Anti-Fragile” introduced by Nasim Taleb and measurement of cumulative experience as ability to manage company effectiveness and efficiency. The approach is to develop and represent a model as matrix coming from Boston Group Matrix. Both of variables are known and widely discussed, but the “Anti-Fragile” concept after its introduction has been isolated from other approaches, tools and measurements as a single research field. The aim of this research is to develop a simple framework (model) that could help to deeply understand the maturity level of a company, and use this matrix as the tool to develop different aspects of management in the company. On the next step, this theoretical framework can be used in empirical validation, which will lead to the building of a company life-cycle management.
Problems of Accounting Professionals Residing in Istanbul and the Suggested Solutions
Get PDFSome problems of accounting professionals in Turkey were solved with the introduction of Law on Public Accountants, Certified Public Accountants and Sworn-in Certified Public Accountants in 1989. However, many other problems still remain to be solved for accountants in Turkey as of 2018. There were two main objectives of this study. The first one was to identify the problems faced by accounting professionals living in Istanbul, Turkey and the second one was to come up with solutions for these problems. The eesearch took advantage of questionnaire methodology. According to research findings, accounting occupation doesn’t have a professional identity in Turkey. Also, accounting education given in universities is perceived as inadequate. The leading reason why accounting professionals are only considered as bookkeepers in Turkey is knowledge defficiencies. The main motivation behind choosing the accountant career path is commercial (monetary). The leading reason for lack of confidence against accountants in Turkey is ignorance of accounting ethics. Lack of practice is the leading deficiency concerning accounting education in Turkey. This is followed by insufficient accounting ethics education. Leading problems of accounting professionals in Turkish business life are economical. Our literature review shows that, expectations from public authorities, professional accounting chambers and bodies increase to solve the problems of accounting professionals. Thus, the suggested solutions by this study to eliminate determined problems of accounting professionals should be evaluated and considered by public authorities, professional accounting chambers and bodies. Moreover, effective communication, coordination and agreement on legal arrangements must be present among accounting professionals, chambers, bodies and public authorities to solve the problems of accounting professionals residing in Istanbul, Turkey
Evaluation of Performance of Tourism Industry Companies listed in Istanbul Stock Exchange (BIST) by TOPSIS Methodology
Get PDFTo evaluate the operations of the companies in the past years and to make forecasts about the future, it is important to evaluate and analyze their financial performance. In this study, the financial performances of tourism enterprises operating in Istanbul Stock Exchange for 2013-2016 are compared with TOPSIS method. As a result of the research, it is determined that the best performances are observed in 2014, 2015 and 2016 for MALT and in 2013 for METUR
Comparative Studies of the Use of Management Accounting Information
Get PDFThe paper uses the phenomenon of isomorphism to present the similarities and differences in the use of management accounting information by managers in Poland and Romania. In order to analyze the set of data obtained from the conducted survey, cluster analysis and descriptive statistics have been applied. The studied managers use mainly management accounting information for planning and control tasks (budgeting) and less for formulating strategy and decision making. In their work, they rather apply financial data than nonfinancial indicators. The findings confirm that management accounting in both countries is strongly influenced by the mechanisms of coercive, normative and mimetic isomorphism connected with their specific economic and political development.
Organizational Culture and Intrapreneurship Growth in Nigeria: Evidence from Selected Manufacturing Firms
Get PDFThe study examines the effect of organizational culture (measured by organizational norms and organizational shared values) on intrapreneurship growth in manufacturing sector of the Nigerian economy. Survey research design was used through the administration of structured questionnaire to members of staff of Nestle Nigeria PLC and PZ Cussons Nigeria PLC. The population of the study consist 2325 and 3500 staff of Nestle Nigeria PLC and PZ Cussons Nigeria PLC respectively. Using the Raosoft sample size determination technique, a sample size of 359 was obtained. The findings revealed that, organizational culture positively and significantly affect intrapreneurship growth in manufacturing firms in Nigeria. The study further revealed that, organizational norms and organizational shared values significantly affect intrapreneurship growth in the manufacturing sector in Nigeria, with coefficient and probability values of (β1=0.982, p<0.05) and (β2=0.901, p<0.05) respectively. The adjusted coefficient of determination (adj. R squared) revealed that, organizational culture elements account for 69.8% variation in intrapreneurship growth. Thus, the study concluded that organizational culture plays a significant role in promoting intrapreneurship growth. It is recommended that, manufacturing firms should enhance their organizational norms as well as their organizational shared values towards the growth of intrapreneurship within their firms
Comparison between Brazil and the 30 Most Innovative Countries in the World
Get PDFInnovation can be defined as the implementation of a new or significantly improved product (good or service), or a process, a new marketing method, a new organizational method in business practices, workplace organization, or external relations. This innovation can be measured by several factors such as investments in research and development, the concentration of high-tech companies traded on the stock exchange, among others. The present study aims to perform a cluster analysis to investigate the behavior of the most innovative countries compared to Brazil. The study contemplates a historical series from the years 2012 to 2015 of the 30 most innovative countries in the world having been added to Brazil. In addition, a series of macroeconomic, political and social variables are considered
Different Approaches in Recruiting Young Professionals
Get PDFYoung Professionals as a significant part of Generation Y have already been examined in various studies that focused on their views, attitudes, values etc. This paper examines the differences in the importance of work and life values among peers of the same age with similar background, but from different study groups. To test the propositions, a life value inventory was distributed among 262 students and alumni from two different study programs at the same Faculty between December 2016 and May 2017. The data were analyzed in the SPSS statistical software with the use of the k-means clustering. The hypotheses expecting differences in life and work values were partially confirmed. The findings are discussed within the framework of strategic leadership and the need of engaging stakeholders
Market Dynamism and Firm Performance Relation: The Mediating Effects of Positive Environment Conditions and Firm Innovativeness
Get PDFThere has been a great interest in terms of environment and its effects in the organization. Apart from environmental conditions, market dynamism is emphasized as another important factor that affects firm performance. Organizations have to compete to survive in a changing environment. In our study, we expected to find out significant relationship through dependent variables (operational performance and market performance) and independent variable as market dynamism. Another goal of our study is to reveal the mediation effects of positive environment conditions and firm innovativeness to firm performance. It should be noted that, our study is based on a survey distributed to 327 people who work in companies in Turkey and analysis results represented the mediating effects of positive environment conditions on firm performance. The obtained data from the questionnaires are analysed through the SPSS statistical packaged software. Further, we compared relationship among the factor analysis, reliability, correlations and regressions. Consequently, our hypotheses are supported and positively related
The Role of Participation Banking as Alternative Financing Channels to Substitute for Deposit Banks and its Growth in the Turkish Finance Market - Period: 2007-2015
Get PDFFinancial systems and companies have become the most important reasons in the weakness of world economic system. The formation and development process of the financial structure also constitute the infrastructure of the world economic system. The path of the financial system and development has led to discuss with the financial crisis in 2008-2011. One of the solutions in order to reduce problems caused by the conventional banking system is alternative financing systems. In Turkey, the corporations based on profit share system are named participation banks. These banks which settle on different principles in the risk distribution of the portfolio acquired are analyzed more nowadays. Participation based banks are placed in practically every regulation related to banking terms and get their legal infrastructure more steady in the banking legislation of Turkey. This study is a continuation of a series related to the situation of participation banking in Turkey. On the other hand, the literature and the history of participation banking have been given less attention in this study. Literature information on methods in participation banks has been described in previous work of the series. Two analyzes were conducted in this study. One analysis is interpretive analysis that expresses the situation of applications of participation banking against banking risks. The other is an analysis of the figures of participation banks in Turkey as a continuation of the series. This study is a 2007-2015 part of research series. The study tries to explore the place and the importance of participation based banking with the various sub-headings, especially in Turkey. For this reason, we examine the comparative review 2007-2015 data of participation banks which are composed of Total Assets, Equity Net Profit, Collected Funds and Bank Loan Funds. Then we compare the total figures with deposit banks for the same period in Turkey