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Inventory Model for Medium and Small Scale Enterprises
Komati Durga Prasad,
Soofi Asra Mubeen,
Banda Rajani
Issue:
Volume 8, Issue 2, June 2020
Pages:
102-105
Received:
27 November 2019
Accepted:
4 January 2020
Published:
23 June 2020
Abstract: At the enterprise level, inventory holding assumes significance importance, as inventories represent an oversized proportion of the entire assets of the many issues. Proper control over inventories provides the management with flexibility in making purchases systematically rather than buying strictly according to the production schedule and hand to mouth supplies. The major drawback of internal control is to maximize profitableness by reconciliation investment price of materials against what’s needed to sustain level operations. The purpose of this paper is to study the status of inventory holding the Medium and Scale Enterprises. An attempt is also made to test the optimality of inventory holding in these enterprises concerning the cost of sales by applying simple regression models For testing the optimality of inventory holding in relationship cost of sales, correlation coefficient, coefficient of determination (R-square), F-test through ANOVA, regression coefficients and their standard errors, values of t-statistics and their P-values have been computed. The analysis reveals that Medium and Light Engineering Central Public Enterprises could reduce the inventory holding in terms of the number of days of consumption, cost of production and cost of sales.
Abstract: At the enterprise level, inventory holding assumes significance importance, as inventories represent an oversized proportion of the entire assets of the many issues. Proper control over inventories provides the management with flexibility in making purchases systematically rather than buying strictly according to the production schedule and hand to...
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Research on Customer Satisfaction of Budget Hotels Based on Revised IPA and Online Reviews
Issue:
Volume 8, Issue 2, June 2020
Pages:
50-56
Received:
14 February 2020
Accepted:
6 March 2020
Published:
17 March 2020
Abstract: Online reviews are the emotional expressions of customers after product or service experience. Compared with survey questionnaires, they can more truly reflect customers' perception of product or service. Therefore, combined with online reviews and importance-performance analysis (IPA), managers can make corresponding corporate strategic according to the priority of features. This research uses the Meituan.com hotel online reviews of budget hotels as an example. First, we uses natural language processing technology to preprocess online reviews, and uses K-means to build a feature lexicon. Second, based on the sentiment dictionary, we perform fine-grained sentiment analysis on “feature-view pairs” to obtain feature satisfaction scores. Third, combined with the revised IPA, we obtain implicitly derived importance, and then the priority of each feature improvement is determined. The conclusions show that (1) service, location, and price are the advantages of budget hotels. Managers should maintain a competitive advantage and ensure the supply of resources. (2) Catering and room facilities are the main disadvantages of budget hotels. Managers should improve these two features to improve customer satisfaction as soon as possible. This study implements the method of managing IPA through online reviews, which replaces the previous questionnaire method. At the same time, revised IPA provides more realistic and concrete reference for hotel managers when making decisions.
Abstract: Online reviews are the emotional expressions of customers after product or service experience. Compared with survey questionnaires, they can more truly reflect customers' perception of product or service. Therefore, combined with online reviews and importance-performance analysis (IPA), managers can make corresponding corporate strategic according ...
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The Role of Green Human Resource Management Practices on Environmental Management in Tanzanian Industries: Lessons from Mohammed Enterprises Tanzania Limited
Kelvin Magoko Mwita,
Eliza Mwakasangula
Issue:
Volume 8, Issue 2, June 2020
Pages:
57-63
Received:
23 March 2020
Accepted:
20 April 2020
Published:
14 May 2020
Abstract: In the last few years, global concerns have increased regarding environmental issues. These concerns generated more pressure and necessitated businesses and industries to develop and use green management by adopting green practices and products. Green HRM practices have emerged to be one of effective management initiatives in environmental management. Tanzania intends to be a semi-industrialized country and the government has been showing recommendable efforts to ensure that the goal is successfully achieved. In considering industrialization process in Tanzania there is a need to look for best practices in dealing with the side effects of industrialization to ensure that the process does not only benefit the economy but also protects the planet earth. This study used a case study design to learn how industries use Green HRM practices to ensure that their operations do not lead to environmental degradation. The study found that green recruitment and selection, green training, green performance management and green rewards management are essential in environmental management. The study recommends industries to formalize and adopt green human resource management practices in order to increase environmental management performance for successful industrialization of the Tanzania economy.
Abstract: In the last few years, global concerns have increased regarding environmental issues. These concerns generated more pressure and necessitated businesses and industries to develop and use green management by adopting green practices and products. Green HRM practices have emerged to be one of effective management initiatives in environmental manageme...
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E-banking and Monitoring as a Winning Strategy for Banks in a Hyper Competitive Environment Through Customer Satisfaction, in Kampala Uganda
Issue:
Volume 8, Issue 2, June 2020
Pages:
64-73
Received:
1 October 2019
Accepted:
22 October 2019
Published:
19 May 2020
Abstract: The purpose of the study was to examine the effect of e-transaction monitoring on customer satisfaction, as a strategy in a hyper competitive environment, with Stanbic Bank Uganda Limited as the case study. The study involved 5 managers, 10 Middle Level staff involved in E-banking operations, 5 Head office (Stanbic) E-banking operative staff, 8 Customer relationship officers attending walk-in-customers and 63 Customers of Stanbic Bank. A cross-sectional approach, involving collecting data at once from employees and customers was adopted. A combination of quantitative and qualitative data analysis techniques was employed in this study. Quantitative data analysis techniques involved the use of descriptive statistics such as frequencies and percentages to summarize responses on issues of E-banking and customer satisfaction while the Pearson’s correlation coefficient was used to establish the relationship between dimensions of E-banking and customer satisfaction as specified in the study objectives. Findings from descriptive statistics indicated that on average the respondents agreed that there are some e-transaction factors that do affect customer satisfaction which include; quick checking of account balances, easy access of account history, increased efficiency in account management and customer touch points which are user friendly. Further findings indicated that there was a weak statistically significant positive relationship between e-transaction and customer satisfaction. The appropriate degree of automation will vary from institution to institution mainly dependent on the scale, nature and complexity of the bank’s business. Further research is recommended on the likely negative externalities of the adoption of information and communication technology in the financial services sector.
Abstract: The purpose of the study was to examine the effect of e-transaction monitoring on customer satisfaction, as a strategy in a hyper competitive environment, with Stanbic Bank Uganda Limited as the case study. The study involved 5 managers, 10 Middle Level staff involved in E-banking operations, 5 Head office (Stanbic) E-banking operative staff, 8 Cus...
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Effect of Tax Dispute Resolution Mechanism on Taxpayer’s Compliance: The Case of Rwanda
Sazir Nsubuga Mayanja,
Kato Mahazi,
Twesige Daniel
Issue:
Volume 8, Issue 2, June 2020
Pages:
74-82
Received:
6 January 2020
Accepted:
24 February 2020
Published:
19 May 2020
Abstract: This study was carried out to explore and analyse the effect of tax dispute resolution mechanism in Rwanda in relation to on taxpayer’s compliance. From a population of 297, a sample of 170 were selected. The findings from data collected using structured questionnaires and documentation was presented using frequencies and percentages. It was established that there is significant positive relationship between fairness of tax disputes resolutions and tax compliance. The results from primary data revealed that the appeal committee of the Rwanda Revenue Authority (RRA) does not include external tax experts, rather, it is solely composed of only its own staffs which is suspiciously viewed by taxpayers. Respondents also revealed that resolving tax disputes through administrative procedures other than judicial ones positively impacts tax compliance. This was affirmed by more than 80% of respondents. It was concluded that that Rwanda Revenue Authority have to work and put strategies to resolve tax disputes which arise in an independent a manner as early as possible, to positively influence taxpayer’s compliance. The study further recommends to the Authority that tax audits cases have to be reviewed by the independent panel review within the department who has no previous involvement with the audit or case work to review the technical merits of an audit position, before the matter is finalised.
Abstract: This study was carried out to explore and analyse the effect of tax dispute resolution mechanism in Rwanda in relation to on taxpayer’s compliance. From a population of 297, a sample of 170 were selected. The findings from data collected using structured questionnaires and documentation was presented using frequencies and percentages. It was establ...
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Assessing the Status of Growth of MSMEs in a Developing Country: Uganda as a Case Study
Issue:
Volume 8, Issue 2, June 2020
Pages:
83-89
Received:
6 January 2020
Accepted:
24 February 2020
Published:
19 May 2020
Abstract: The study set out to assess the status of growth of MSMEs in developing countries with Uganda as the case study. A cross sectional descriptive design in which both qualitative and quantitative approaches were used to study a sample of 371 respondents who were systematically sampled from four districts of Wakiso, Mukono, Kampala and Jinja. A significant number of respondents, that is 23.2%, stated that their MSMEs have been growing. The standardized beta coefficients for the six predictor variables used in the study indicate that a firm’s capital base is the best predictor of the growth of MSMEs (0.574), followed by EPS (0.491) followed by market share (0.352), then dividends to shareholders (0.267), followed by sales (0.087) and lastly the number of employees (-.063). The growth of MSMEs has been basically retarded by the inability to borrow and mode of financing where results found ignorance of the matching principle. It is recommended that MSMEs need to adjust the mode of financing to follow the matching principle such that long-term objects are funded using funds from long-term sources while short-term projects should be financed using funds from short term sources. Conversely, funding short term liquidity needs using long-term sources of finance leads to a high degree of financing leverage in the long run, hence long run insolvency and decline of business.
Abstract: The study set out to assess the status of growth of MSMEs in developing countries with Uganda as the case study. A cross sectional descriptive design in which both qualitative and quantitative approaches were used to study a sample of 371 respondents who were systematically sampled from four districts of Wakiso, Mukono, Kampala and Jinja. A signifi...
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The Causes, Problems and Countermeasures of Super Network Platform
Issue:
Volume 8, Issue 2, June 2020
Pages:
90-95
Received:
5 February 2020
Published:
27 May 2020
Abstract: Super network platform is the product of the development of the times, together with the drive of modern information technology, market competition and capital. Super network platform plays an increasingly important role in economic and social life. Super network platform is an important part of the digital economy. It not only becomes a new business form, but also drives the transformation and upgrading of traditional manufacturing industry, and promotes employment and entrepreneurship, and changes people's way of life, work and learning. However, part of the rights and responsibilities of the super network platform have gone beyond the scope of the enterprise. The platform has become the direct manager of hundreds of millions of users, has infrastructure resources related to national economy and people's livelihood, and has the initiative of media discourse. If we let bad behavior go unchecked, it will bring many threats to consumer rights, fair competition of business, government governance and national security. Governance of super network platform is a new complex problem faced by all countries in the world. We need to stand at a higher angle, balance the relationship between development and governance, take an inclusive and prudent attitude, crack down on unfair competition, prevent and reduce system security risks, and give full play to the value of super network platform.
Abstract: Super network platform is the product of the development of the times, together with the drive of modern information technology, market competition and capital. Super network platform plays an increasingly important role in economic and social life. Super network platform is an important part of the digital economy. It not only becomes a new busine...
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The Factors Leading to Repeat Visitation of Domestic Tourists to Phitsanulok Province Thailand
Phisunt Tinakhat,
Ahmad Mujafar Syah,
Andris Adhitra,
Rachatawan Limkanchanapa,
Varintorn Viriyachaikul,
Anna Stepanova
Issue:
Volume 8, Issue 2, June 2020
Pages:
96-101
Received:
16 July 2019
Accepted:
21 August 2019
Published:
28 May 2020
Abstract: The purpose of this paper aims to study the factors leading to the repeat visitation of domestic tourists to Phitsanulok province, Thailand. The researchers adapted quantitative methodology by using the survey questionnaires to identify the factors influencing them to repeat the visit. A convenience sampling method is used to collect the data from the domestic tourists traveling to Phitsanulok from August to October 2018 for 400 subjects (250 women and 150 men). The questionnaire is judged by the 5 points Likert Scale. A result of this study revealed that the main top 3 reasons why they would like to repeat visit Phitsanulok because of the famous Buddha image (mean = 4.66, S. D. = 0.655), followed by a variety of natural attractions (mean = 4.29, S. D. = 0.750), and quality accommodation at reasonable price (mean = 4.22, S. D.= 0.787), while the least factor is deal on package tours (n = 400) (mean = 3.29) (S. D. = 0.769). From the result of the conclusion show that further study should focus on deal on package tours because this study found that the least factor is deal on package tours in Phitsanulok by domestic Thai tourists so it improves to be more reasonable price of deal on package and keep stable the good points that make the tourists impressed in Phitsanulok. Moreover, some suggestions from the tourists is mainly about the accessibility to the tourism areas for the disabled and senior tourists. This is quite important and should be brought to the attention to tourism stakeholders in considering to improve this suggestion to be more efficient so it can attract more tourists not only domestic but also international. The researcher hope that this researcher will be beneficial to both private and public sectors in improving and developing the tourism infrastructures and services to attract more tourists in the future.
Abstract: The purpose of this paper aims to study the factors leading to the repeat visitation of domestic tourists to Phitsanulok province, Thailand. The researchers adapted quantitative methodology by using the survey questionnaires to identify the factors influencing them to repeat the visit. A convenience sampling method is used to collect the data from ...
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