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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
Business Failure
As living organisms, companies follow a three-stage life cycle: they are established, they grow and develop and, at some point, their life ends more or less suddenly. Business Failure is defined as liquidation, inactivation and legal declaration.
  • 549
  • 20 Oct 2021
Topic Review
Business Process Outsourcing
Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider. Originally, this was associated with manufacturing firms, such as Coca-Cola that outsourced large segments of its supply chain. BPO is typically categorized into back office outsourcing, which includes internal business functions such as human resources or finance and accounting, and front office outsourcing, which includes customer-related services such as contact centre services. BPO that is contracted outside a company's country is called offshore outsourcing. BPO that is contracted to a company's neighbouring (or nearby) country is called nearshore outsourcing. Often the business processes are information technology-based, and are referred to as ITES-BPO, where ITES stands for Information Technology Enabled Service. Knowledge process outsourcing (KPO) and legal process outsourcing (LPO) are some of the sub-segments of business process outsourcing industry.
  • 795
  • 18 Oct 2022
Topic Review
Business Process Reengineering
Business process re-engineering (BPR) is a business management strategy, originally pioneered in the early 1990s, focusing on the analysis and design of workflows and business processes within an organization. BPR aimed to help organizations fundamentally rethink how they do their work in order to dramatically improve customer service, cut operational costs, and become world-class competitors. BPR seeks to help companies radically restructure their organizations by focusing on the ground-up design of their business processes. According to early BPR proponent Thomas Davenport (1990), a business process is a set of logically related tasks performed to achieve a defined business outcome. Re-engineering emphasized a holistic focus on business objectives and how processes related to them, encouraging full-scale recreation of processes rather than iterative optimization of sub-processes. Business process reengineering is also known as business process redesign, business transformation, or business process change management.
  • 915
  • 12 Oct 2022
Topic Review
Business Sustainable Development and Family Businesses
For companies, sustainable development generally represents a long-term business orientation towards social, economic and environmental well-being. The concept has gained momentum among researchers partly due to the necessity of finding a modern approach to business development that does not deprive the next generation of the opportunity to meet its own needs.
  • 686
  • 22 Apr 2022
Topic Review
Capital Structure
Capital structure is a firm’s mix of debt and equity financing. It is one of the most controversial areas of finance. Many of the results obtained in capital structure theory over the last 50-60 years have been very influential and led their authors to great international recognition. Among the researchers who contributed significantly to capital structure theory, note Nobel Prize Award winners Franco Modigliani, Merton Miller, Joseph Stiglitz, and most recently Jean Tirole. More research and more results are expected in this area in near future.
  • 2.2K
  • 09 Jun 2022
Topic Review
Carsharing
As of 2019, carsharing was offered in over 50 countries, and over 200 carsharing providers were operating in over 3000 cities. Approximately 2.5 million carsharing users were registered in Germany in 2019. These users are given access to vehicles on an “as-needed” basis, which underlies a pay per use and/or membership-based pricing model.
  • 875
  • 13 Jul 2021
Topic Review
CCR Model (DEA)
The first Data Envelopment Analysis (DEA) model developed by Charnes, Cooper and Rhodes (1978) under the assumption of a Constant Returns to Scale production technology, i.e.,  when an increase in the production resources results in a proportional increase in the output.
  • 14.1K
  • 30 May 2021
Topic Review
Chatbots for Cyber Security
Groups of cyber criminals/hackers have carried out cyber-attacks using various tactics with the goal of destabilizing web services in a specific context for which they are motivated. Predicting these attacks is a critical task that assists in determining what actions should be taken to mitigate the effects of such attacks and to prevent them in the future.
  • 361
  • 22 Nov 2023
Topic Review
China Automotive Firms' Efficiency Evaluation
DEA (Data Envelopment Analysis), as a methodology for the efficiency evaluation of Decision-Making Units (DMUs) with multiple inputs and outputs, is widely used in various areas. The basic idea of DEA is to fit a non-parametric efficient production frontier with DMUs and measure the efficiency relative to the best-performance observations in the sample. In this paper, the China’s listed firms in the automotive industry are seen as the DMUs, and our goal is to measure the efficiency of each DMU and identity the ones that use the inputs more efficiently than the others that have resources over-utilized, namely, the firms can reduce the inputs while the outputs remains constant (input-oriented) rather than the firms can increase the outputs while their inputs remains constant (output-oriented). Therefore, the input-oriented model of DEA is appropriate for our research.
  • 1.1K
  • 06 Mar 2021
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