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Creating a New Strategy-Model: Customer Differentiation and Co-Creation Leading to Sustainable Growth
Issue:
Volume 3, Issue 4, August 2015
Pages:
95-101
Received:
21 May 2015
Accepted:
6 June 2015
Published:
23 June 2015
Abstract: In this review article we elaborate on three important mechanisms in order to create a new (holistic) strategy-model: market orientation, service dominant logic, and co-creation of value. We have reasoned on the central premise that in order to create sustainable business growth in the firm, this firm needs to structure itself in a way that optimises solution selling, customer focus and value co-creation. Employees in all departments of the firm need to have a change of mind-set, from delivering goods towards delivering service proposals, and therefore establishing context to the set strategy. In order to act upon these service innovations, the modifications are dependent on a collection of competences, which the firm needs to continually renew, create, integrate, and transform.
Abstract: In this review article we elaborate on three important mechanisms in order to create a new (holistic) strategy-model: market orientation, service dominant logic, and co-creation of value. We have reasoned on the central premise that in order to create sustainable business growth in the firm, this firm needs to structure itself in a way that optimis...
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Role of Cooperatives in Rural Development, the Case of South Nations Nationalities and People Region, Ethiopia
Nuredin Mohammed,
Byeong Wan Lee
Issue:
Volume 3, Issue 4, August 2015
Pages:
102-108
Received:
27 May 2015
Accepted:
22 June 2015
Published:
21 July 2015
Abstract: For small land-holding, developing and agricultural based economic countries like Ethiopia, cooperative type of business is recommended as a solution to promote income distribution, reduce poverty and vulnerability, and improve quality of life and social welfare. Ethiopia is a second largest populace country in Africa and has nine regions and two city administrations. South Nations Nationalities and Peoples Region (SNNPR) state is third populace and most densely populated region in Ethiopia. Most of the farmers’ in this region have small plot of lands for their living, farming and raising animals. It is obvious that such smallholder farmers are characterized by producing small amount of produce. They might bring small portion of their product to market, and the earnings might goes to cover their routine expenditure and might save the remaining for next farming season. Having this clear fact in to consideration, Since 1960s, the government of Ethiopia is promoting the significance of cooperatives as an organization that could enhance the development of small scale-farmers and other communities. Unlike other regions, SNNPR is the pioneer for starting cooperatives type of business; cooperatives are still flourishing in the region. Cooperatives are expected to serve farmers by providing agricultural inputs, output marketing and mobilizing savings and providing credit services to their members. The objective of this paper is to show role of cooperatives in rural development the case of South Nations Nationalities and Peoples Region. Until June 2011, in SNNPR state there were about 8872 primary cooperatives, 44 Cooperative Unions and One Regional Farmers Cooperative federation are established. These cooperatives have a membership of male 693,898 (77%) and female 209, 861 (23%) totally 903, 759. This is about 30.3% from the total households of the region. Despite early establishment of cooperatives across the region and country wide, cooperatives couldn’t flourish as expected. Past attitude (ideology), lack of committed leadership, lack of good governance (management), lack of working capital, attitude and practice of corruption, lack of knowledge and skill, lack in provision and utilization of improved technology, weak vertical and horizontal linkage within and among cooperatives, lack and inappropriate support from government and other stakeholders.
Abstract: For small land-holding, developing and agricultural based economic countries like Ethiopia, cooperative type of business is recommended as a solution to promote income distribution, reduce poverty and vulnerability, and improve quality of life and social welfare. Ethiopia is a second largest populace country in Africa and has nine regions and two c...
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Cooperation and Competition: The Analysis of Strategy in Duopoly Online Video Websites
Li Zhihong,
Cheng Yu,
Wu Yushan
Issue:
Volume 3, Issue 4, August 2015
Pages:
109-115
Received:
16 June 2015
Accepted:
9 July 2015
Published:
21 July 2015
Abstract: This paper studies the coopetition between two websites which are platforms to offer online video. We use two-sided market theory and game theory to analyze a duopoly market of online video websites. An online video service system is established, including online video websites, copyright owners of online video, advertisers and viewers. After discussing the negotiation of copyright trading, the effect for viewers to watch online video, the effect of advertising, we focus on the coopetition between the duopoly online video websites. We conclude that cooperation is the optimal strategy to promote the development of online video websites.
Abstract: This paper studies the coopetition between two websites which are platforms to offer online video. We use two-sided market theory and game theory to analyze a duopoly market of online video websites. An online video service system is established, including online video websites, copyright owners of online video, advertisers and viewers. After discu...
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International Capital Mobility and Saving-Investment Nexus in Nigeria: Revisiting Feldstein-Horioka Hypothesis
Christopher N. Ekong,
Kenneth U. Onye
Issue:
Volume 3, Issue 4, August 2015
Pages:
116-126
Received:
14 May 2015
Accepted:
1 June 2015
Published:
25 July 2015
Abstract: This paper tests the validity of Feldstein-Horioka (1980) hypothesis using Nigerian data from 1980 to 2013 by relying on the ARDL Bounds testing approach to co-integration and vector error correction model (VECM). Evidence for the hypothesis over the sub-samples is mixed given absence of co-integrating relationship between savings and investment in both periods. Over the period of market-friendly economic reform (1986 -2013) and entire sample period (1980-2013), we found low saving investment correlation indicating support for the F-H hypothesis (that low saving investment relationship implies high degree of international capital mobility). Presumably, the World Bank and IMF designed economic reform programs in form of liberalization and deregulation – coupled with the neo-liberal economic management framework that Nigeria is currently practicing – may have attenuated the saving investment relation in the reform era, thereby providing support for F-H hypothesis over the reform era. But the finding of similar absence of cointegration between saving and investment in the pre-reform era, against the F-H postulate, reveals the importance of incorporating factors such as money supply and inflow of foreign capital that could affect the saving investment relationship as widely suggested in the literature. Overall, we find support for high degree of international capital mobility across Nigerian borders that may lead to unsustainable current account balance for the economy if left unregulated. The policy import of the paper is the need for a more conscientious implementation of a policy of guided deregulation of Nigeria’s capital and trade accounts.
Abstract: This paper tests the validity of Feldstein-Horioka (1980) hypothesis using Nigerian data from 1980 to 2013 by relying on the ARDL Bounds testing approach to co-integration and vector error correction model (VECM). Evidence for the hypothesis over the sub-samples is mixed given absence of co-integrating relationship between savings and investment in...
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Operations Research as an Appraisal of Organization Performance
Issue:
Volume 3, Issue 4, August 2015
Pages:
127-133
Received:
7 July 2015
Accepted:
21 July 2015
Published:
28 July 2015
Abstract: The purpose of this study is to carry out research to analyze how operations research can help in increasing the efficiency of the operations performed by the organization. The research is to be carried out through the secondary data available in the context of the topic at hand. The paper focuses on the concept of operations research, the importance of operational research and a detailed description of different business implications of the operations research. Along with the theoretical detail the paper also quotes some examples of the companies that have successfully achieved the organizational efficiency by the implementing the operations research concepts.
Abstract: The purpose of this study is to carry out research to analyze how operations research can help in increasing the efficiency of the operations performed by the organization. The research is to be carried out through the secondary data available in the context of the topic at hand. The paper focuses on the concept of operations research, the importan...
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