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Cognitive Approach to the Analysis and Choice of Innovation Strategies of the Enterprises
Issue:
Volume 3, Issue 1, February 2014
Pages:
1-6
Received:
27 December 2013
Published:
30 January 2014
Abstract: The article considers the problem of the analysis and choice of innovation strategies of the small and medium-sized enterprises in modern complicated unstable economic conditions. Difficulties of solving this problem at the early conceptual design stage interfaced to high uncertainty and risk are marked. For the problem decision are offered the cognitive technologies of support which are today the most effective and perspective tools for analysis and management of ill-structured problematic situations and, in particular, problematic situations of choice of enterprise innovation strategies. The proposed technology allows building a unified multi-disciplinary platform that integrates instrumental potentials all known business-concepts of innovation management. "Inference mechanism", developed as a part of this technology allows investigating the long-term dynamics of innovation strategies in the context of changing business environment and strategy targets of stakeholders. The aim of the article is to demonstrate the applied capacity of cognitive technologies, specifics of their building and the prospects of their use in the real conditions of innovation business.
Abstract: The article considers the problem of the analysis and choice of innovation strategies of the small and medium-sized enterprises in modern complicated unstable economic conditions. Difficulties of solving this problem at the early conceptual design stage interfaced to high uncertainty and risk are marked. For the problem decision are offered the cog...
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A Comparative Analysis of Deposit Products in Banking Industry: An Opportunity for Eastern Bank Ltd.
Md. Ariful Islam,
Proshenjit Ghosh
Issue:
Volume 3, Issue 1, February 2014
Pages:
7-20
Received:
20 December 2013
Published:
30 January 2014
Abstract: Eastern Bank Limited (EBL) is a second generation commercial bank with urban banking focus. It is offering various deposit account products under consumer banking. There are ample opportunities to explore and expand the existing customer base. The end result would be an increase in revenues of the bank. This is an exploratory research where a comparative analysis of the deposit products in banking industry has been executed and opportunities for Eastern Bank Ltd. have been identified. Several analytical tools (Comparative Study, Strategic Group Mapping analysis, SWOT etc.) has been used to analyze the findings. The researcher collected data from secondary sources. For the purpose of comparison, two types of deposit products are taken into consideration, namely: Savings Account / Special Savings Accounts and Term Deposit Accounts. After analyzing the existing product offering, market exploration and growth, EBL should offer some of the term deposit products as well as savings products with its existing products. The costs associated with the products must be considered and EBL should offer the products with significant intervals which would give the operators and sales team ample scope and time to get used to the products. Amongst the options stated above, the products that can be offered are: EBL Prepaid Savings Account; EBL Senior Citizen Account; EBL Privileged Account; EBL Millionaire Scheme; EBL Children’s Education Savings Plan; EBL Holiday Plan/Wedding Plan; EBL Senior Citizen Deposit Scheme/Retirement Deposit Scheme; EBL Interest First Scheme; EBL Home Deposit Plan.
Abstract: Eastern Bank Limited (EBL) is a second generation commercial bank with urban banking focus. It is offering various deposit account products under consumer banking. There are ample opportunities to explore and expand the existing customer base. The end result would be an increase in revenues of the bank. This is an exploratory research where a compa...
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Adoption of International Public Sector Accounting Standards in Nigeria: Expectations, Benefits and Challenges
Ijeoma. N. B.,
Oghoghomeh. T.
Issue:
Volume 3, Issue 1, February 2014
Pages:
21-29
Received:
21 January 2014
Published:
10 March 2014
Abstract: This study examined the expectations, benefits and challenges of adoption of International Public Sector Accounting Standards (IPSAS) in Nigeria. The objectives of this study are determining the impact of adoption of IPSAS on the Level of Accountability and Transparency in the Public Sector of Nigeria and to ascertain the contribution of adoption of IPSAS in enhancing comparability and international best practices. Primary source of data was employed to generate the data of interest. The statistical tools employed were the Chi-square test, Kruskal Wallis test and descriptive analysis. From the findings of the study, it was observed that adoption of IPSAS is expected to increase the level of accountability and transparency in public sector of Nigeria. It was found that the adoption of IPSAS will enhance comparability and international best practices. Also, it was denoted that adoption of IPSAS based standards will enable provide more meaningful information for decision makers and improve the quality of the financial reporting system in Nigeria. In addition, it was found that adoption of IPSAS by Nigerian government will improve comparability of financial information reported by public sector entities in Nigeria and around the world. Hence, we conclude that the adoption of IPSAS in Nigeria is expected to impact operating procedures, reporting practices thereby strengthening good governance and relations with the government and the governed.
Abstract: This study examined the expectations, benefits and challenges of adoption of International Public Sector Accounting Standards (IPSAS) in Nigeria. The objectives of this study are determining the impact of adoption of IPSAS on the Level of Accountability and Transparency in the Public Sector of Nigeria and to ascertain the contribution of adoption o...
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To Survey the Effect of Working Capital Policies (Investing & Financing) on Profitability Risk (Evidence from Tehran Stock Exchange)
Mohammad Hassani,
Arezoo Rajab Tavosi
Issue:
Volume 3, Issue 1, February 2014
Pages:
30-36
Received:
27 January 2014
Published:
10 March 2014
Abstract: Managers can increase the firm value by using the effective working capital policies. The corporate value maximization strategy is executed with a focus on return and risk. This study investigates the relationship between aggressive/conservative working capital policies and profitability risk in Tehran stock exchange listed companies. The sample includes 274 companies over the period 2006-2012. The results in all industries indicate a negative relationship between working capital investment policy and profitability risk measures. And there is a positive relationship between working capital financing policy and profitability risk measures. It means that, more the companies use conservative working capital policy, it will lead to decreasing profitability risk. And more the companies use aggressive working capital policy, it will lead to increasing profitability risk.
Abstract: Managers can increase the firm value by using the effective working capital policies. The corporate value maximization strategy is executed with a focus on return and risk. This study investigates the relationship between aggressive/conservative working capital policies and profitability risk in Tehran stock exchange listed companies. The sample in...
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