Business Sustainable Competitiveness a Synergistic, Long-Run Approach of a Company's Resources and Results

Herciu, Mihaela; Ogrean, Claudia

doi:10.2478/sbe-2018-0033

Cited by 12 publications

(7 citation statements)

References 86 publications

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“…Accordingly, from our point of view, a company's competitiveness is given by its robust financial performance and the strength of its position on the market, but only under conditions of sustainability. The current challenge for a company is therefore to improve its market competitiveness, while balancing the interests of all stakeholders (Nicoletti et al, 2020;Herciu & Ogrean, 2018) in the long run.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Factors of Sustainable Competitiveness at Company Level: A Comparison of Four Global Economic Sectors

Șerban,

Mihaiu,

Țichindelean

et al. 2023

Journal of Business Economics and Management

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Built on the premise that a company’s competitiveness is given by its robust financial performance and the strength of its position on the market, but only under conditions of sustainability, this study aims to investigate the key factors of company competitiveness while considering sustainability issues. The two research objectives were: (1) to identify and analyze the key factors of sustainable competitiveness at company level (2) to find sector-related discrepancies regarding the identified factors. To achieve them, a horizontal analysis covering ten financial years (2012–2021) was performed on a sample of 1,449 companies from four global economic sectors (Consumer Cyclicals, Energy, Health Care, and Technology) – using Exploratory factor analysis (EFA) and ANOVA. Nine factors (both financial and non-financial) were found: liquidity, profitability, revenue efficiency, inventory management efficiency, ESG performance, receivables management efficiency, R&D efficiency, book value, and market value. Of them, ESG performance has emerged as an independent factor based on non-financial variables, its introduction into the research model being one of the study’s novelties. Significant mean differences were found between the nine factors, depending on the sector, which allowed the ranking of sectors in terms of sustainable competitiveness, in descending order: Health Care, Technology, Consumer Cyclicals, and Energy.

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Section: Theoretical Backgroundmentioning

confidence: 99%

Factors of Sustainable Competitiveness at Company Level: A Comparison of Four Global Economic Sectors

Șerban,

Mihaiu,

Țichindelean

et al. 2023

Journal of Business Economics and Management

Self Cite

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“…Herciu & Ogrean [20] развивают подход к устойчивой конкурентоспособности бизнеса путем повышения производительности, прибыльности, эффективности и устойчивости на уровне компании. При этом в качестве основных показателей для оценки конкурентоспособности бизнеса авторы рассматривают доходы на одного сотрудника, рентабельность активов, общий оборот активов и индекс Доу -Джонса.…”

Section: обзор литературыunclassified

Modern Assessment and Forecast Prospects of the Competitiveness of the World's Largest Manufacturers of Copper Products

Krivorotov¹,

Kalina²,

Erypalov³

2022

JAER

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In the context of the global transformation of the economic space, economic entities become integrated into various kinds of associations and alliances. These processes make it emphatically relevant to improve approaches to assessing and forecasting the competitiveness of such large companies, taking into account the changing conditions of their internal and external environment. Previously developed approaches required a certain revision and appropriate improvements. The purpose of the study is to improve methodological tools and assess the competitiveness of large copper companies at the present stage and in the medium term. Based on the analysis of approaches to assessing and ensuring the competitiveness of economic entities, it was revealed that today the vast majority of these approaches do not take into account the changing conditions of competition and the increased influence of factors reflecting these changes. The article proposes an improved scientific and methodological approach to assessing and forecasting the competitiveness of large companies, which includes four major blocks: the formation of scientific and methodological principles for conducting research; development of methodological tools for multifactorial assessment of the company's competitiveness; optimization of investment projects for the development of the company; formation of predictive strategies for the development of the company associated with the provision of long-term competitive advantages. As part of the approach - a method for multifactorial assessment of the competitiveness of large companies - has been developed. It provides for the consideration of additional factors and their priority, as well as a significant correction of the basic comparison model. A scenario-based methodological approach has been developed to predict the indicators of competitiveness of large companies using economic and statistical modeling, taking into account the specifics of the company's activities. Methodological developments were tested in relation to the Ural Mining and Metallurgical Company against the background of large global companies operating in the same field. The assessment of the level of current competitiveness of companies was carried out in the period 2010–2020; the forecast of competitiveness indicators was made for the period through to 2025, which made it possible to assess post-pandemic development trends from the standpoint of the competitiveness of the companies in question. Based on the results of the study, generalizing conclusions are formulated.

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“…The company's competitiveness is a complex, deeply analysed concept. Many scientists (Feurer & Chaharbaghi, 1994;Herciu & Ogrean, 2018) argue, that competitiveness is conditional and not absolute and therefore depends on the advantages of competitiveness, technology, value for shareholders and customers. Porter (2004) argues that company's competitiveness is a form of productivity because it defines the ability of companies to create added value from their core activity by using efficient methods and expressing that utility (Martinez Arroyo, Valenzo Jimenez & Zamudio de la Cruz, 2017).…”

Section: The Assessment Of the Industry's Competitivenessmentioning

confidence: 99%

“…Gupta & Krishnamurti, 2019) it can be said that in assessing competitiveness it is important to evaluate three factors: productivity, efficiency and profitability. Herciu & Ogrean (2018) suggests evaluating the competitiveness of company's by defining its utility, innovation and sustainability, but these concepts have no unified definition and can be viewed from different perspectives as well as having different meanings and aspects of evaluation, so it is necessary to assess the company's competitiveness using two main methods (Hafez, 2016;Martinez Arroyo, Valenzo Jimenez, & Zamudio de la Cruz, 2017;Gushchina & Privalova, 2018;Kemunto Maroro, Gathii Kamau, & Koima, 2018;Putri & Nasution, 2018;Ramlawati, Kusuma, & Putra, 2018;Priyonoto, Wibowo, & Diarsyad, 2018;Soelaksono, Sudiro, Rahayu, & Sudjatno, 2018;Gupta & Krishnamurti, 2019): return on equity (ROE) and total factor productivity (TFP) as the methods, that include the main indicators of economic stability assessment.…”

Section: The Assessment Of the Industry's Competitivenessmentioning

confidence: 99%

The assessment of competitiveness in the case of Latvia and Lithuania

Lāce

Danilevičienė

2019

Proceedings of 6th International Scientific Conference Contemporary Issues in Business, Management and Economics Engineering ‘2

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Purpose – the purpose of the article is to reveal and to assess the factors of the industry’s competitiveness. Research methodology – to achieve the aim of the article the total factor productivity, return on equity and comparative analysis methods are used. Findings – the most productive sectors in Lithuania are mining and quarrying; electricity, gas, steam and air conditioning supply; water supply, sewerage, waste management and remediation activities; manufacturing. It follows, that companies at mentioned sectors are working productively and purposefully use its equity. In Latvia, the most productive industry is financial and insurance activities, where earns in comparison with the total shareholder’s equity invested in it are greater. Research limitations – in this article the following research limitations are applied: here are analyzed the data of the 2007–2017 y. y. using total factor productivity and return on equity methods. Also here should be included the space limitation (here are analyzed the Latvia and Lithuania cases). Practical implications – the improvement of the industry’s competitiveness is possible due to the targeted management of the main productivity factors: labour and capital. Originality/Value – productivity is based on the maintenance of the industry’s productivity due to the proper use of the production factors to create value-added. Also, are analyzed the relation between total factor productivity and return on equity

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Business Sustainable Competitiveness a Synergistic, Long-Run Approach of a Company's Resources and Results

Cited by 12 publications

References 86 publications

Factors of Sustainable Competitiveness at Company Level: A Comparison of Four Global Economic Sectors

Factors of Sustainable Competitiveness at Company Level: A Comparison of Four Global Economic Sectors

Modern Assessment and Forecast Prospects of the Competitiveness of the World's Largest Manufacturers of Copper Products

The assessment of competitiveness in the case of Latvia and Lithuania

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