Editor(s)
Dr. Maria Ciurea
Associate Professor, Department of Economics Sciences, Faculty of Sciences, University of Petrosani, Romania.

Short Biosketch

ISBN 978-81-19315-26-0 (Print)
ISBN 978-81-19315-29-1 (eBook)
DOI: 10.9734/bpi/ctbef/v7

This book covers key areas of Business, Economics and Finance. The contributions by the authors include producer organisation, memorandum, influencer marketing, traditional marketing, product reviews, influencer characterization, parasocial relationships, economic-cultural, small and medium manufacturing businesses, sustainable growth, economic transformation, technological infrastructure, human capital resource, institutional policy innovation support, financial support systems, enterprise influence innovation, crisis communication, crisis communication, digital news, African Infrastructure Development Index, sustainable development goals, gross fixed capital formation, networking abilities, stakeholder influence, business networking, non-profit-making organizations, motivation vision, business ethics and functional behavior. This book contains various materials suitable for students, researchers and academicians in the field of Business, Economics and Finance.

 

Media Promotion:


Chapters


The aim of this chapter is to propose a business model archetype suitable for both non-profit-making and profit-making organizations, given that business models are equally useful in the establishment, evolution, and analysis of non-profit organizations. Many innovative approaches may contribute to delivering sustainability through business models, but have not been collated under a unifying theme of business model innovation. Sustainable business model archetypes are introduced to describe groupings of mechanisms and solutions that may contribute to building up the business model for sustainability.

Consequently, the definitions and archetypes of business models proposed in the extant literature have addressed predominantly profit-making organizations. There is a genuine need for archetype models for nonprofits because such organisations are involved in both national and global economic governance. With this in mind, the paper reframes business models using a non-entrepreneurial lens and suggests a new archetype that can be applied universally to all organisations, whether they are for-profit, non-profit, public, or private. A “hybrid” archetype is developed, synthesizing existing business model archetypes while extending their reach to better embrace the overarching core logic of organizations, reflecting the political mandate of not-for-profit entities and the business remit of firms. Business models are mainly crafted and used internally by organizations as tools to establish or guide them through their establishment and evolution, as they “provide a powerful way for executives to analyze and communicate their strategic choices”. The proposed archetype's validity is examined in two international not-for-profit organisations, and it is found to be a useful conceptual framework for understanding how they make decisions and formulate policies.  Furthermore, the testing process demonstrates that business models, when devised externally and retrospectively, can be equally well used in hindsight as organizational analysis tools, possibly conjointly with other methods.

African SMEs Innovation Challenges

Lawrence Mpele Lekhanya , Musawenkosi Ngibe , Nirmala Dorasamy

Current Topics on Business, Economics and Finance Vol. 7, 22 June 2023, Page 19-37
https://doi.org/10.9734/bpi/ctbef/v7/5014C

Internationally, small and medium manufacturing businesses (SMEs) are widely acknowledged as a significant source of employment and the cornerstone of a prosperous entrepreneurial ecosystem. Due to their sizeable contribution to the gross domestic product (GDP) of any nation, they can also be seen to a large extent as an economic transformation's catalyst. For any nation seeking change, poverty reduction, employment redistribution, corporate innovation, and robust economic growth, SME become the point of reference, as they have been praised as the national key asset. Manufacturing growth due to SMEs has gotten stronger in nations including the United States, China, the Czech Republic, Japan, and Australia, suggesting that any anticipated worldwide decline in industrial production may be tempered by their contribution. This proves beyond a shadow of a doubt that manufacturing SMEs play a crucial role in any nation, but maybe more so in developing African nations. However, the declining GDP contribution of manufacturing SMEs in Africa has deeply concerned investors, policymakers, and academics. As a result, more research into the problems facing manufacturing SMEs is required in order to provide support that will seek to provide innovative sustainable measures for the sustainable growth of these important businesses.

African Manufacturing SMEs Economic and Networking Abilities

Lawrence Mpele Lekhanya , Nirmala Dorasamy

Current Topics on Business, Economics and Finance Vol. 7, 22 June 2023, Page 38-55
https://doi.org/10.9734/bpi/ctbef/v7/5022C

Networking is very important strategic tool for SMEs survival and growth everywhere in the world. African manufacturing SMEs require proper networking strategy to enhance their economic contribution and employment creation. This chapter intends to outline various challenges facing African manufacturing SMEs economic performance and networking abilities. Various factors such lack of incubation and innovation, technology infrastructure, lack of political will and support, institutional policy support identified to be most critical for the survival of these industries. African governments should put financial resource as a priority and assist them with global markets access.  

Evaluation of the Three Economic-Cultural, Social-Political and Security Pillars of Asean Over 55 Years of Operation

Van Trong Dinh , Minh Hiep Ngo , Van Duong Nguyen, Duc Tho Pham, Viet Anh Duong

Current Topics on Business, Economics and Finance Vol. 7, 22 June 2023, Page 56-77
https://doi.org/10.9734/bpi/ctbef/v7/5286B

The predecessor of ASEAN is an organization called the Association of Southeast Asia (ASA), an alliance established in 1961 consisting of the Philippines, Malaysia and Thailand.  Southeast Asia is divided into two groups of rival countries around Cambodia, one is the Indochinese countries and the other is the ASEAN countries. It was only when Vietnam withdrew its troops that ASEAN countries began to resume bilateral relations with Vietnam and welcomed Vietnam's participation in regional cooperation. The waters of ASEAN are three times as large as land. Over 55 years of establishment and development, this is considered the most successful regional organization on earth. Despite the fact that when it comes to ASEAN, people frequently discuss its accomplishments, in the context of this article, we would like to offer some perspectives on its limitations as a foundation for advice for the organization's leaders in this study.  The world community at large, first of all the industrialized countries, need to help poor countries get out of poverty, disease and underdevelopment.   

Impact of Infrastructural Development on Economic Growth: A Study from Uganda

Dennis Mahebe , Ronald Mugobera

Current Topics on Business, Economics and Finance Vol. 7, 22 June 2023, Page 78-100
https://doi.org/10.9734/bpi/ctbef/v7/6637A

The study used quarterly time series data from the World Bank's World Development Indicators (2022) and the African Development Bank for African Infrastructure Development Index (AIDI) data to examine the impact of infrastructure development on economic growth in Uganda for the period between 2005 and 2020. The findings from the study indicated a positive relationship between AIDI and Economic growth in Uganda. Overall improvement in AIDI considering the four infrastructure components creates an enabling environment for other factors of production to operate effectively  and efficiently hence spurring economic growth in the country.The results suggest that in order for Uganda to fully benefit from its infrastructure investment in the short and long terms, investments in infrastructure should take into account all four infrastructure components that make up the AIDI, namely transportation, electricity, information and communications technology, and water and sanitation.

Conceptual Study about Farmer Producer Company (FPC): An Organisational Perspectives

Dilip Rasiklal Vahoniya, Nikita Dilip Vahoniya, Jerul R. Halpati

Current Topics on Business, Economics and Finance Vol. 7, 22 June 2023, Page 101-119
https://doi.org/10.9734/bpi/ctbef/v7/5000A

This article concentrates on the concept of a Farmer producer company (FPC) or Producer Company (PC) like the basic objectives, activities, benefits, registration processes, the formation, memorandum, and article of association of the FPC. Farmers' producer companies can be seen as hybrids between private companies and cooperative societies. The producer-company concept is aimed to combine the efficiency of a company with the `spirit' of traditional cooperatives. Producer companies aim to integrate smallholders into modern supply networks öminimizing transaction and coordination costs while benefiting from economies of scale. A producer company is a legal entity created for farmers with the purpose of raising their status, income, and profitability. The traits and legal framework of a cooperative society and a private limited company are owned by a producer company. Through the article researcher try to highlight the objectives of the other legal form of Producer Organisation (PO) like the Cooperative Society Act and Multistate Cooperative Society Act and highlight the objectives of non – a profit legal form of Producer Organisation (PO) like Society registered according to the Society Registration Act, Public Trust registered according to the Indian Trust Act and company registered according to the Section 25 of Indian Companies Act, 1956, as modified as Section 8 in The Companies Act, 2013. The FPC (Farmer Producer Company) will also generate entrepreneurship behavior and interests in the farmers and Indian youth for the primary activities of agriculture and allied sectors due to different activities and easy formation & registration steps of FPC.

Examining the Influence of Proxy Communicators about Organizational Crises in Response to Digital News Reports

Alicia M. Mason , Elizabeth A. Spencer, Kelley Macek , Alison Smith , Stephanie Potter

Current Topics on Business, Economics and Finance Vol. 7, 22 June 2023, Page 120-143
https://doi.org/10.9734/bpi/ctbef/v7/5643E

This chapter summarizes scholarly literature related to digital news production, explains how different reporting styles have previously been found to impact audience perceptions toward organizational responsibility, and uses Luoma-aho''s Theory of Emotional Stakeholders (TES) as a framework for developing the experimental materials. The rapid evolution of new media technology has generated calls from crisis communication scholars for inquiry and study of this emerging domain. Organizational crises vary in their scope, complexity, and causality. Situational crisis communication theory (SCCT) incorporates insight from attribution theory as the underlying rationale for linking specific types of crises to specific crisis communication strategies. Using experimental procedures, our findings show that user comments from organizations, faith-holders, and hate-holders contribute to audience evaluations of crisis responsibility, both causal and treatment. Results show that user comments from faith-holders reduced causal responsibility in the intentional cluster compared to the control condition; however, when organizations were facing preventable crises, user comments from faith-holders amplified perceived treatment responsibility. Crisis events can prompt information-seeking and sharing behaviors, understanding if and how to strategically respond is an important consideration for practitioners who are expected to skillfully engage in online relation building and reputation management.

This chapter examines the exponential growth of the influencer industry in recent years, as well as the challenges associated with measuring the efficacy of influencer marketing and advertising in general. Influencer Marketing Hub defines influencers as people with the power to affect buying habits of consumers through social media, and influencer marketing as a brand working with one of these influencers either to market their products or services or simply just to improve brand reputation. Using data related to negative consumer impressions of traditional advertising features like pop-up ads and the untrustworthy review phenomenon and relating it to data about Generation Z’s modern opinions on social media marketing, this study explains how influencer marketing is the better choice to appeal to a younger audience. Three characteristics—physical beauty, social attractiveness, and attitude homophily—are reinforced in the development of pseudo-social interactions between the influencer and the customer. The main difference between influencer marketing and traditional marketing is the emotional and personal connection that the marketer, the influencer, can form with social media users.

Extending the Vision of Motivation in Business Ethics and Functional Behaviour

Thamer H. AL-Nuwaybit

Current Topics on Business, Economics and Finance Vol. 7, 22 June 2023, Page 156-166
https://doi.org/10.9734/bpi/ctbef/v7/19340D

This chapter motivates followers of the organization to realize with this guide. In other words, we are studying the motivations that motivate us to track this rules. Ethical work is important because it allows employees to touch their goals and their loyalty to work. As a result, moral considerations are overlooked, leading to unethical practises that can harm human rights in the long run. This study will aid in comprehending the major issues concerning the development of ethical culture and functional behaviour in the organisation. This study will help in prominence the importance of business ethics and functional behavior in the organization. When the research will be conducting assessment will be drawn between organizations that have ethics in their culture and those who don’t, and with this motivating factors that can help with business ethics reception in the organization can strongminded. To realize the functional behavior of employees and create effective business ethics policies, it is essential to consider these factors in order to raise revenues in a lawful way.