The Principles of Timeline Event Series: The Theory That Births Legends (Published)
According to the Principle of Timeline Event Series, critical life-altering events, whether natural or intentional, have a substantial impact on the trajectory of individuals and enterprises. This study investigates the transformational potential of such occurrences, focusing on the cause-and-effect relationships that affect outcomes. Individuals and organizations may strategically manage their pathways to desired goals by identifying and comprehending these critical times. The integration of time series analysis models creates a solid foundation for forecasting and controlling the effect of these occurrences, hence improving strategic decision-making and planning. This article emphasizes the necessity of accepting change, capitalizing on crucial events for growth, and applying time series analysis in forecasting and strategic planning through a thorough literature review and discussion. The findings highlight the importance of strategic planning and adaptation in attaining long-term success and establishing lasting legacies. Future research paths are proposed to improve and broaden the applicability of this idea across various fields.
Keywords: Business, Management, Technology, strategic decision making, time series analysis, timeline event series, transformative potential
Legislative Changes Related to Cannabis and Industrial Property Rights on Deforestation and Investments (Published)
This paper analyzes how deforestation and investments are influenced by the legalization of cannabis products for medical/industrial and recreational purposes, as well as their possible protection with Designation of Origin, and Geographical Indication. The long history of illegal cannabis-related activity and the consequences of such activity in the economy, society, and ecosystem during the last decades, the considerations of this paper are of high interest for new business opportunities, expanding or changing existing business objectives, and revitalizing affected forests. A questionnaire via electronic means was spread to gather the data while the logit model and its marginal effect were applied to obtain the results and analyze this influence. Investments in the field of cannabis for medical/industrial and/or recreational purposes appear to be more sensitive to this change, whether the preservation of the ecosystem seems not to be positively influenced. The actual legislative change and a potential future one do show significance, contrary to the industrial property rights, showing the need for further awareness of the benefits of these instruments for the economy. The findings interest economists, pharma and other relevant business fields, policymakers, and scientists in Albania, the region, and worldwide.
Keywords: Business, IP, Legalization, Sustainability, forests, pharma
Entrepreneurial Competencies: A Required Skill for Business Performance (Published)
The competitive nature of our business environment requires innovativeness and creativity to achieve performance. Being innovative and creative is important but being competent is very vital for any business growth. These can be achieved through training, learning new skills, attitudes, personal relationships, being initiative, information seeking and the rest to achieve entrepreneurial objectives. The paper therefore examines the competencies required for entrepreneurial performance, as influenced by personal traits and leadership skills. The paper adopted a theoretical approach and reviewed the relevant literature as a basis for the examination of entrepreneurial competencies and performance. Finding shows that engaging in entrepreneurial core competencies, personal traits and learners skills are positively related to business success. Engaging in managerial role, entrepreneurs require organizing and relationship competencies which are positively related to business success. The study recommended that government should be devoted to allocating resources for training and education. Entrepreneurs should desire entrepreneurship training and be more proactive. The study concluded that though entrepreneurial competencies are learnable through entrepreneurial training programmes and education they also serve as yardstick for formulating appropriate strategies and which when implemented enhance the attainment of business goals.
Keywords: Business, Entrepreneurial Competencies, Performance, Skill
Performance Evaluation of Chinese Companies across Various Sectors in Bangladesh Business and Built Environment (Published)
Bangladesh is a country with about 168million people with a GDP growth of 6.5% 2004. This is due to its market-based economy which is the 43rd largest in the world in nominal terms, and 30th largest by purchasing power parity. With its geographical location, economic and population fundamentals, it has attract foreign direct investment (FDI) allowing it full participation in regional and continental development partnerships with its neighbors especially China. China viewed Bangladesh as a crucial and vital partner to its regional development plans especially to its land locked western region. These led to Chinese companies entering the Bangladesh economic sectors to invest and execute projects. However, these Chinese companies must take (or have taken) into cognizance the labour laws, the available & the level of human capacity, the business terrain, the cultural ramifications of the Bangladesh workforce, also the priorities and dynamic government policies. These will influence the performances and overall success of collaborations across various sectors. The study evaluated the performances of Chinese Companies across Various of Bangladesh. It also provides a summary of the main findings in line with the research problem and the research aim. The literature reviewed led to identification of the twelve sectors. The evaluations and assessment show that the performance of Chinese companies across the twelve sectors varies accordingly and that they have a very good performance across eight sectors and satisfactorily / fair across four sectors. These performances are influenced by the levels of collaborations of Bangladeshi people, government and country towards the Chinese companies across various sectors. Altogether, and over some time will lead to better understanding of each other’s work habit, culture, barriers and differences that may will boost the performances of the Chinese companies in future collaborations.
Keywords: Bangladesh, Business, China, Collaborations, Development, Human Resources, Performance, Sectors
Studying the Effect of Leadership Styles on the Business Performance of SMES in South-Eastern Region (Published)
This study aims to explore the effect of leadership styles on the business performance of SMEs in South-Eastern region. The research result is a science evident for managers to improve the business performance. The researcher surveyed 250 managers of small and medium enterprises (SMEs) and answered 12 questions but 212 samples processed. The primary sources of data collected from July 2017 to November 2018 in South-Eastern region. Simple random sampling technique. The Data analyzed Cronbach’s Alpha and the exploratory factor analysis (EFA), which used for multiple linear regression and using partial least squares method. Managers’ responses measured through an adapted questionnaire on a 5-point Likert scale. In addition, the findings of the study have two factors affecting the business performance of SMEs in South-Eastern region with significance level 0.05.
Keywords: BRVT., Business, Leadership, Performance, SMEs
TAX INCENTIVES AND THE GROWTH OF SMALL AND MEDIUM SCALE ENTERPRISES IN DEVELOPING ECONOMY –The Nigerian’s Experience. (Review Completed - Accepted)
The importance of Small and Medium Scale Enterprises (SMEs) in the economic development of any country in recent years cannot be underrated especially with regard to creation of employment, innovation, uplifting the people’s standard of living and financial contribution to the growth of the countries’ Gross Domestic Product. This sector’s growth is hindered by the challenges of lack of financial resources to expand, the entrepreneur managerial skills/attitudes, employment of cheap and unskilled labour, production of poor quality goods, lack of market for their products, inadequate infrastructural facilities and above all unpleasant taxation policy of the government. In the light of all these, this study reviews the role being played by various governmental tax incentives on the growth and development of SMEs growth in developing economy with special focus on Nigeria. The study employed descriptive design, thus, primary data was collected on variables contributing to tax influence and their effect on the growth of SMEs. A sample of 100 respondents representing a percentage of targeted population enterprises in the production sector of Osun State Industrial area was selected through Stratified and Simple Random Sampling techniques. Data collected through questionnaires, interviews and observations when necessary was analyzed using ordinary least square regression model to estimate the contribution of each variable to the growth effect of SMEs. The study found that there was a significant correlation between taxation and SMEs’ growth. The study recommends that there should be a friendly tax policy for all start up businesses preferably a tax holiday, or an introduction of a growth limit which can be said to be a level stable enough to sustain tax payment.
Keywords: Business, Catalysts, Economic Transformation, Financial Regulation