After recovering from a coma, I finally completed a Ph.D. But only years later, when I learned about what an emotion really is, was I able to control how I felt. A chance meeting with a Thai Monk on a beach in Dubai (where I also met my wife) completely reshaped my feelings about my own emotional brain.
Small and Medium Enterprises play an important role in developing countries by contributing to national growth. Many scholars like Ojukwu (2006) and Eze (2015) believe that SMEs are the building block of any developing country. According to the National Bureau of Statistics, SMEs in Nigeria contribute about 48% of the national Gross Domestic Product and 84% of employment.
The competitive environment in the service industry requires firms to constantly improve business practices to be profitable and competitive. The airline industry, characterized by human interaction and delivery of services, is most in need of research in competitive advantage. This research explores and identifies the critical sources of competitive advantage from a customer-oriented perspective in the globalized airline market. The data obtained from semi-structured interviews was analysed using qualitative and inductive reasoning. The research identified critical drivers of customer satisfaction in the airline industry establishing a logical and structured rationale for models of strategy development for competitive advantage.
Entrepreneurs play a significant role in most economies. This role is even more critical in a developing economy like India. India is a culturally diverse, democratic, and economically ascendant nation. Academicians and business experts agree that India stands at the crossroads of becoming a ten trillion-dollar economy (PWC, 2014). For decades innovation has been a buzzword in Indian corporations that promises much but delivers very little (Irani, 2019). The need seems to be for a contextualized model that acknowledges cultural imperatives, that may aid intrapreneurial middle managers in India to innovate.
The purpose of the contemplated research is to examine how Gandhian principles can shape the business practices of tea corporations for greater impact on the lives and working conditions of tea plantation workers in India. Gandhian principles allow organizations to develop business processes that are based on mindful consumption, sustainable utilization of natural resources, sustainable livelihoods, and equitable distribution of wealth; thereby, directing business leaders to pursue a corporate social responsibility strategy of not only doing good, but also of being good (Diwan, 1982). Gandhian values have the potential to influence businesses to achieve profitability, sustainability, and inclusivity by considering the interactions between individuals, organizations, and the community.
The current globalized milieu compels post-modern individuals to search for meaning in their work. Organizations have the opportunity to fulfill the lacunae generated by the deficiency of spiritual and religious communities and to subsequently aid workers in finding meaning while profiting financially from their engagement within the organization. Logoleadership refers to the union of leadership practices with the logotherapeutic techniques established by Dr. Viktor Frankl.
Business Strategy plays a major role in most companies, particularly in developed and mature countries. Studies show that a formal strategy can contribute to organizational effectiveness and competitive advantage. In the last few years, the United Kingdom has faced a protracted and slow growth, political uncertainty and inefficiencies due to poor management. As a result, similar mature markets have seen productivity and efficiency surpass that of the UK. Between 2017 and 2019, the UK economy lost 185 billion GBP per year due to poor management and resulting ill health. The UK also fell 14% behind similar countries in the G7 on productivity (Francke, 2017). The economic environment does not favour businesses with little or no strategic direction.
South African youth are facing an employment crisis. The deficient national education system and lack of skills development are two of the major issues which are contributing to a high youth unemployment rate. The at-risk teenager communities are predominantly living in poverty amidst various other social ills. The positive impact that entrepreneurship may have on communities is significant, hence the suggestion that entrepreneurial intervention at an early age can enhance the socio-economic empowerment of teenagers.
Organizations are continuously faced with various challenges. One particular problem is related to the retirement or brain drain of some of their essential human resources resulting in the loss of critical knowledge. Knowledge is regarded as one of the principal sources of innovation for organizations to remain competitive and create sustainable progress. Essential steps for the organization to augment their knowledge base is knowledge integration, knowledge preservation and knowledge utilization.
Countries in Africa have generally exhibited low levels of economic development and poor standards of living of citizens despite their enormous natural resources wealth (Atkinson & Hamilton, 2003). This tendency has been attributed to daunting challenges related to the exploitation of especially Africa’s extractive natural resources (Seedwell & Gladys, 2017). One of the significant issues is that the benefits accruing from exploitation of the Continent’s natural resources often do not flow through to the populace (Ayuk & Klege, 2017). However, the evidence presented in the literature on whether or not there exists a possible link between natural resources and economic development are mixed or inconclusive