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Article
Publication date: 25 October 2018

Yoon-Sung Kim, Hae-Chang Rim and Do-Gil Lee

The purpose of this paper is to propose a methodology to analyze a large amount of unstructured textual data into categories of business environmental analysis frameworks.

1908

Abstract

Purpose

The purpose of this paper is to propose a methodology to analyze a large amount of unstructured textual data into categories of business environmental analysis frameworks.

Design/methodology/approach

This paper uses machine learning to classify a vast amount of unstructured textual data by category of business environmental analysis framework. Generally, it is difficult to produce high quality and massive training data for machine-learning-based system in terms of cost. Semi-supervised learning techniques are used to improve the classification performance. Additionally, the lack of feature problem that traditional classification systems have suffered is resolved by applying semantic features by utilizing word embedding, a new technique in text mining.

Findings

The proposed methodology can be used for various business environmental analyses and the system is fully automated in both the training and classifying phases. Semi-supervised learning can solve the problems with insufficient training data. The proposed semantic features can be helpful for improving traditional classification systems.

Research limitations/implications

This paper focuses on classifying sentences that contain the information of business environmental analysis in large amount of documents. However, the proposed methodology has a limitation on the advanced analyses which can directly help managers establish strategies, since it does not summarize the environmental variables that are implied in the classified sentences. Using the advanced summarization and recommendation techniques could extract the environmental variables among the sentences, and they can assist managers to establish effective strategies.

Originality/value

The feature selection technique developed in this paper has not been used in traditional systems for business and industry, so that the whole process can be fully automated. It also demonstrates practicality so that it can be applied to various business environmental analysis frameworks. In addition, the system is more economical than traditional systems because of semi-supervised learning, and can resolve the lack of feature problem that traditional systems suffer. This work is valuable for analyzing environmental factors and establishing strategies for companies.

Details

Industrial Management & Data Systems, vol. 119 no. 1
Type: Research Article
ISSN: 0263-5577

Keywords

Book part
Publication date: 16 February 2024

Maria Palazzo

The globalisation of markets, emerging concepts of sustainable development, and circular economy have defined the boundaries within which organisations must compete and address…

Abstract

The globalisation of markets, emerging concepts of sustainable development, and circular economy have defined the boundaries within which organisations must compete and address the needs of key stakeholders. As circumstances change, boundaries are often replaced by the relationships between companies and the communities they serve. Consequently, strategy has become a central aspect of sustainable leadership and the foundation for implementing strategic management in a dynamic system of relationships. Every company is born and grows within social and economic ecosystems. Drawing on the metaphor of biology, ecosystems are described as dynamic interconnections among various elements that influence and foster entrepreneurship. Interconnections between players (such as marketplaces, organisations, governments, and universities) create a flow of expertise, abilities, knowledge, experience, and tangible resources. Economic and social ecosystems involve various actors and components that continuously coexist and interact, leading to the creation of numerous mutual relationships. Consequently, it is crucial for managers to gain a comprehensive understanding of the internal and external environments. Various decision-making tools and strategies can be used to achieve this goal. These tools were developed to assist managers, researchers, and consultants in making informed decisions under complex scenarios. This chapter presents several decision-making strategies and tools, including the Boston Consulting Group (BCG) matrix, General Electric (GE) matrix, Balanced Scorecard (BSC), PEST, PESTEL analysis, and SWOT analysis.

Details

Rethinking Decision-Making Strategies and Tools: Emerging Research and Opportunities
Type: Book
ISBN: 978-1-83797-205-0

Keywords

Content available
Book part
Publication date: 16 February 2024

Maria Palazzo and Alessandra Micozzi

Abstract

Details

Rethinking Decision-Making Strategies and Tools: Emerging Research and Opportunities
Type: Book
ISBN: 978-1-83797-205-0

Article
Publication date: 19 September 2019

Mohammed Alharbi, Peter John Dowling and M. Ishaq Bhatti

The purpose of this paper is to explore the current strategic planning practices in the MENA region by highlighting the practices in the Saudi telecommunications industry (Saudi…

Abstract

Purpose

The purpose of this paper is to explore the current strategic planning practices in the MENA region by highlighting the practices in the Saudi telecommunications industry (Saudi TI) and the external and internal factors that influence strategic planning in the Saudi TI.

Design/methodology/approach

The data comprised those from a questionnaire-based survey of a random sample of managers of Saudi TI firms, supplemented with data from secondary sources.

Findings

The results revealed that most participating managers recognized the potential benefits of using strategic planning in their firms. Several significant factors that impacted on the decision-making process with regard to strategic planning in Saudi TI firms were identified.

Originality/value

The main contribution of this paper is to fill an existing knowledge gap on strategic planning in a key industry such as the telecommunications industry in a country that is of importance as a business hub in the Middle East.

Details

Review of International Business and Strategy, vol. 29 no. 4
Type: Research Article
ISSN: 2059-6014

Keywords

Abstract

Details

Comprehensive Strategic Management
Type: Book
ISBN: 978-1-78714-225-1

Article
Publication date: 16 January 2024

Sanjeev Kumar Ningombam and Sudeshna Bordoloi

This study aims to examine the political, economic, social and technological (PEST) factors of women empowerment in the context of rural development under the initiatives of the…

Abstract

Purpose

This study aims to examine the political, economic, social and technological (PEST) factors of women empowerment in the context of rural development under the initiatives of the National Rural Livelihood Mission (NRLM).

Design/methodology/approach

The unit of analysis for this study is 459 samples. Non-probability sampling technique has been used for this study. Schedule/questionnaires have been circulated among the women in each block cluster. Frequencies have been used to represent the data against each statement. Non-parametric chi-square test has been used to examine the relationship between empowerment and political, economic, social, technological factors and interpersonal skills.

Findings

Statistical analysis shows that the Deendayal Antayodaya Yojana (DAY)-NRLM scheme has brought significant changes and development to women in political, social, economic and technological areas. It was observed that women are economically empowered and contribute to the economic upliftment of the family. Most of the respondents strongly felt that after being associated with DAY-NRLM, they were empowered to contribute efficiently to the social development process and activities.

Research limitations/implications

The findings of this study highlight the impact of DAY-NRLM implementation at block levels of a district in India. Subsequent research may be carried to measure the effectiveness of the capacity-building program conducted under the banner of DAY-NRLM.

Practical implications

Women empowerment is not limited to awareness, whereas it needs a complete set of initiatives backed with support systems. Few critical interventions could be building strong networks, enhancing financial management, encouraging the spirit of entrepreneurship among self-help group workers, providing easy access to credit, mentoring, handholding, continuous monitoring and evaluation.

Social implications

This study focuses on the impact of the DAY-NRLM scheme on women’s empowerment in the Morigaon district. The inferences from the study throw light on the empowerment of women vis-à-vis political, economic, social and technological factors.

Originality/value

This study is a primary study conducted in the Morigaon District of Assam. This is a new line of policy research that approaches the women empowerment with the PEST parameters.

Details

Indian Growth and Development Review, vol. 17 no. 1
Type: Research Article
ISSN: 1753-8254

Keywords

Book part
Publication date: 11 July 2018

Marios Sotiriadis

This chapter’s aim is to outline and highlight the components of strategic planning and management framework, as well as the value and utility of strategic analysis and competitor…

Abstract

Purpose

This chapter’s aim is to outline and highlight the components of strategic planning and management framework, as well as the value and utility of strategic analysis and competitor analysis.

Methodology/approach

Extensive literature review was conducted on conceptual issues and management aspects of human resources management. A practical approach has been adopted and implemented to illustrate the value of strategic analytical tools.

Findings

This chapter provides a description and an understanding of how the analyses and tools of strategic planning and management could be used to plan and implement a business venture better. It discusses the tools enhancing the analysis of the business environment in the field of tourism.

Research limitations/implications

This study is explorative in nature because the discussion is mostly based on a literature review. It takes more entrepreneurial/practical than academic approach.

Practical implications

The analyses of the business environment and of the competition in an industry are tasks of critical importance. If these analyses are adequately performed, the probability of success may increase. This chapter discusses the purpose, the process and the implementation of tools of strategic analysis and competitor analysis. Practical recommendations and steps are also provided.

Originality/value

The analytical frameworks, tools and techniques discussed in this chapter should enhance prospective entrepreneurs to adequately perform their task of analysing the tourism business environment.

Details

The Emerald Handbook of Entrepreneurship in Tourism, Travel and Hospitality
Type: Book
ISBN: 978-1-78743-529-2

Keywords

Case study
Publication date: 5 March 2014

Monica Singhania, Navendu Sharma, Rohit J. Yagnesh and Nimit Mehra

Bicycle industry, emerging markets, competitor analysis, financial forecasting.

Abstract

Subject area

Bicycle industry, emerging markets, competitor analysis, financial forecasting.

Study level/applicability

This case can be used as a teaching tool in the following courses: MBA/post-graduate programs in management in management accounting, management control systems and strategic cost management; executive training programs for middle and senior level employees; and under-graduate/post-graduate programs in entrepreneurship. It can be used to explain and test the concepts of SWOT analysis, Porter's five forces model and PEST analysis. It introduces the technique of breakeven analysis and its relationship with operating leverage. Moreover, it demonstrates the application and analyses of the Du Pont equation.

Case overview

Hero Cycles Ltd was established by the four Munjal brothers in pre-independence India. It started off as a business of bicycle spare parts, but quickly expanded in post-independence India, with Ludhiana as its base. The company later joined with foreign firms like Honda Motors, Japan to become the largest manufacturers of bicycles in the world. It dominates domestic markets with a market share of around 40 percent. Ananth Munjal, a learned, ambitious and cautious individual, is the next generation, ready to take over the reins of the company. Being someone who believes in learning from past mistakes, he forms a team to critically examine the decisions made by his predecessors. This team is also directed to utilize forecasting techniques for determining the expected profitability given the existing state of affairs that prevail. Additionally, Du Pont analysis is to be performed for studying the efficiency of the company on the facets of operating performance, asset turnover and associated financial leverage. Also, Ananth's risk-averse nature compels him to study the past with regard to the relationship between operating leverage, breakeven sales and corresponding margin of safety. Furthermore, he wishes to inspect the historical cost structure of the firm, and its influence on company performance.

Expected learning outcomes

These include the use of: SWOT analysis to identify the strengths, weaknesses, opportunities and threats to a company; PEST analysis to identify the political, economic, social and technological factors that affect the operations of a company; Porter's five forces model to analyse an industry. The case also helps students: by identifying fixed costs and variable costs that are a part of operating expenditure of a business; in the use of forecasting the financials of a company for the sake of predicting the future outcomes of certain business strategies; by application of Du Pont analysis to examine the efficiency of the various processes and strategies; in determining quantitative terms like contribution margin, breakeven sales, operating leverage, margin of safety, their significance, and the relationship between these terms.

Supplementary materials

Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes.

Article
Publication date: 17 February 2012

Margaret Bean, Heidi Nance and Linda Frederiksen

This paper aims to describe the international interlibrary loan (ILL) experience of three academic libraries in the Pacific Northwest and analyze factors impacting the success of…

1467

Abstract

Purpose

This paper aims to describe the international interlibrary loan (ILL) experience of three academic libraries in the Pacific Northwest and analyze factors impacting the success of international ILL. The authors seek to speculate on three possible scenarios going forward and conclude with a call to action.

Design/methodology/approach

The authors apply PEST and SWOT techniques, using their own institutions as case studies.

Findings

Some of the most critical factors affecting international ILL at their home institutions include the terms of electronic license agreements, open access, and physical delivery costs.

Originality/value

The internal and external factors affecting international ILL at these institutions are broadly applicable to all types of libraries throughout the world.

Details

Interlending & Document Supply, vol. 40 no. 1
Type: Research Article
ISSN: 0264-1615

Keywords

Abstract

Details

Strategic Marketing Management in Asia
Type: Book
ISBN: 978-1-78635-745-8

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