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Topic Review
Business Engineering
Business engineering (BE) is the development and implementation of business solutions, from business model to business processes and organizational structure to information systems and information technology (cf.). Business engineering focuses on developing innovative business solutions that take a sociotechnical systems (STS) approach. The STS approach addresses an enterprise as a total system in the same manner as an airplane system or an industrial facility, since they possess a similar level of complexity. Business engineering combines knowledge in the fields of business administration, Industrial Engineering, as well as information technology and connects it to all aspects of transformation, from means of presentation to process models to cultural and political considerations (cf. Baumöl/Jung).A person is referred to as a Business Engineer when the person is a hybrid between an entrepreneur and an engineer. They must poses the understanding of how the business world operates at both macro and micro levels and be in a position to come up with solutions based on various key elements.
  • 6.3K
  • 09 Nov 2022
Topic Review
Strategies for Employee Retention in Hospitality Industry
Employee retention is contingent on employee satisfaction, which is comprised of four factors: sustainable positive work environment; sustainable growth opportunities; sustainable & effective communication; and sustainable & effective recruitment and selection practices. 
  • 6.2K
  • 17 Jun 2022
Topic Review
Technological Dualism
Technological dualism was proposed by Benjamin Higgins. He was the Ritchie Professor of Economics at the University of Melbourne in the late 1940s. His theory explains the causes of unemployment in the underdeveloped economies. Developing countries of today are often characterized by dualistic economies. One is the modern (or formal) sector while the other is the traditional (informal) sector. Their relation has been explained by Higgins in his theory explained below.
  • 6.1K
  • 23 Nov 2022
Topic Review
North–South Divide
The North–South divide is a socio-economic and political division of Earth popularized in the late 20th century and early 21st century. Generally, definitions of the Global North include the United States , Canada , almost all the European countries, Israel, Cyprus, Japan , Singapore, South Korea , Australia , and New Zealand. The Global South is made up of Sub-Saharan Africa, Latin America and the Caribbean, Pacific Islands, and the developing countries in Asia, including the Middle East. It is home to the BRIC countries (excluding Russia ): Brazil , India and China , which, along with Indonesia and Mexico, are the largest Southern states in terms of land area and population. The North is mostly correlated with the Western world and the First World, plus much of the Second World, while the South largely corresponds with the Third World and Eastern world. The two groups are often defined in terms of their differing levels of wealth, economic development, income inequality, democracy, and political and economic freedom, as defined by freedom indices. Nations in the North tend to be wealthier, less unequal and considered more democratic and to be developed countries who export technologically advanced manufactured products; Southern states are generally poorer developing countries with younger, more fragile democracies heavily dependent on primary sector exports and frequently share a history of past colonialism by Northern states. Nevertheless, the divide between the North and the South is often challenged and said to be increasingly incompatible with reality. In economic terms, as of the early 21st century, the North—with one quarter of the world population—controls four-fifths of the income earned anywhere in the world. 90% of the manufacturing industries are owned by and located in the North. Inversely, the South—with three quarters of the world population—has access to one-fifth of the world income. As nations become economically developed, they may become part of definitions the "North", regardless of geographical location; similarly, any nations that do not qualify for "developed" status are in effect deemed to be part of the "South".
  • 6.0K
  • 02 Dec 2022
Topic Review
Big Data Mining
Big data mining (BDM) is an approach that uses the cumulative data mining or extraction techniques on large datasets / volumes of data. It is mainly focused on retrieving relevant and demanded information (or patterns) and thus extracting value hidden in data of an immense volume. BDM draws from the conventional data mining notation but also combines the aspects of big data, i.e. it enables to acquire useful information from databases or data streams that are huge in terms of “big data V’s”, like volume, velocity, and variety.
  • 5.8K
  • 05 Aug 2021
Topic Review
CNBC Ticker
The CNBC Ticker is a computer simulation of ticker tapes used by the United States business news-oriented television network CNBC (as well as its international sister channels), that is displayed as a crawl on the lower part of the television screen. The CNBC Ticker shows security and index symbols in the manner of the ticker tapes that received information by telegraph. The security identifiers used on the CNBC Ticker are taken from nomenclatures used by third-party companies like Reuters or from global stock exchanges. The ticker is composed of a faster-scrolling upper band with a white background and a slower-scrolling lower band with a dark blue background for all CNBC channels. In addition for some channels, such as CNBC Europe; CNBC-e; CNBC Arabiya and Class CNBC, a third business news band is displayed in gray with a black background. The ticker is shown throughout the duration of financial news programming on CNBC's domestic and international channels, including national commercial breaks. However, in the United States and Canada , advertisements that are locally inserted by cable television providers may be shown full-screen, omitting the ticker from being displayed during local breaks (as of 2013, all ad inserts by cable television providers, as well as satellite television providers DirecTV and Dish Network are now shown full-screen).
  • 5.7K
  • 18 Oct 2022
Topic Review
Business Environment and Competitive Advantages
       Tourism destination competitiveness reflecting the generic characteristics should be considered diversified to notice the distinctive perspective between the business environment and competitive advantages. Criticism of some prior conventional literature stems from the lack of a rigorous process to find the structure and attributes of the measurement items for a destination’s business environment and competitive advantages. The available theoretical framework and measures containing the destination business environment and competitive advantages warrant further investigation. The vital dimensions of the destination business environment (i.e., dynamism,hostility,turbulence,investment,information technology,and governance) and destination competitive advantages (i.e., defensiveness, local acceptance, accessibility, reasonability, uniqueness, supportiveness, and image sustainability) were successfully identified through quantitative and empirical analysis, which could provide a significant basis for managerial and policy decisions in the tourism industry.
  • 5.7K
  • 03 Nov 2020
Topic Review
PERVAINCONSA Scale to Measure Consumer Behavior
The PERVAINCONSA Scale (acrostic formed with the initial letters of the Spanish words “Percepción de Valor”, “Intención de Compra”, “Confianza” and “Satisfacción”) was constructed. It aims to validate an instrument designed to measure the variables value perception, purchase intention, trust, and satisfaction of Micro, Small and Medium Enterprises (MSMEs) dedicated to selling clothing.
  • 5.6K
  • 22 Mar 2022
Topic Review
Criticisms of Neoclassical Economics
Neo-classical economics has come under critique on the basis of its core ideologies, assumptions, and other matters.
  • 5.6K
  • 29 Nov 2022
Topic Review
Factors Affecting Consumer Food Choice
Understanding individual food choices is critical for transforming the current food system to ensure healthiness of people and sustainability of the planet. Throughout the years, researchers from different fields have proposed conceptual models addressing factors influencing the food choice, recognized as a key leverage to improve planetary and human health. However, a multidisciplinary approach is needed to better understand how different factors are involved and interact with each other in the decision-making process. The present paper reviews and analyzes existing models, providing an intact point-of-view by integrating key elements into a bigger framework. Key determinants of general food choice are identified and categorized, including food-internal factor (sensory and perceptual features), food-external factors (information, social environment, physical environment), personal-state factors (biological features and physiological needs, psychological components, habits and experiences), cognitive factors (knowledge and skills, attitude, liking and preference, anticipated consequences, and personal identity), as well as sociocultural factors (culture, economic variables, political elements). Moreover, possible directions of influence among the factors towards final food choice were discussed. The need of multidisciplinary impulses across research field with the support of empirical data are crucial for understanding factors influencing food choice as well as for enriching existing conceptual models. The framework proposed here would serve as a roadmap for facilitating communications and collaborations between research fields in a structural and systematic way.
  • 5.5K
  • 06 Feb 2021
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