Current Issue : October - December Volume : 2018 Issue Number : 4 Articles : 5 Articles
As management accounting tools, budgets are internationally recognised for their role in planning of activities, and\n \n\n \n\n \n\n\n \n \n \n \n\n \nnot without challenges. The purpose of this study was to establish the extent of preparation and utilisation of budgets\nby SMEs in the manufacturing industry in the Cape Metropole, with a focus on identifying the challenges faced by these\nentities in using these management accounting tools. To this end the study pursued a descriptive research design,\ncollecting data from 108 owners/managers of SMEs in the manufacturing industry in the Cape Metropole. The data\nwas collected through a questionnaire which contained closed questions and Likert-scale questions. Data analysis\nwas conducted using SPSS version 24, and the results were presented through descriptive statistics in the form of\npercentages, means, standard deviations, graphs and tables. The results of the study show that close to 30 % of SMEs\nin the manufacturing industry in the Cape Metropole do not prepare budgets at all. Amongst the 70% who prepare\nbudgets, 67% face challenges in utilising budgets. Overall, only 23% of the surveyed SMEs prepare budgets and utilise\nthem without facing challenges....
High efficient circulation of fresh agricultural products plays a significant role\nin national new urbanization construction. To enhance the stability and improve\nthe efficiency of the supply of fresh agricultural products in urban, this\npaper constructed a system dynamics model of regional circulation of fresh\nagricultural products to quantitatively evaluate the efficiency of the six types\nof circulation modes, based on the SWOT analysis of wholesale market mode,\nagricultural leading enterprise mode, third party logistics mode, E-commerce\nmode, super market docking mode, and farmer direct selling mode. The\nWT-optimization strategy was simulated through overcoming their own\nshortcomings and coping with external challenges. The results showed the\ncirculation efficiency rank of fresh agricultural products: wholesale market\nmode = farmer direct selling mode > farm-supermarket docking mode >\nagricultural leading enterprise mode > E-commerce mode > third party logistics\nmode, and on the optimization strategy aspect, the supply efficiency of\nfresh agricultural products would be developed through reducing the delay of\nprocurement and enhancing the ability of sales and procurement efficiently....
Taking the report data of 10 listed dairy companies in China in 2016 as the\nresearch sample, it is found that the disclosure subject of New Hope Group is\nNew Hope Liuhe Co., Ltd. and its subsidiaries, and it is considered that its report\nhardly involves dairy industry activities. Therefore, it was excluded from\nthe valid sample; Feihe Group was listed in New York, USA, and could not\nobtain the relevant report, so it was excluded as a valid sample. In this paper,\nthe situation of social responsibility information disclosure is analyzed in detail,\nand the problems existing in the social responsibility information disclosure\nof the whole industry are picked out by typical individuals. And from\nthree aspects of the information disclosure content, the standard, and the\nfunction, the countermeasure and the suggestion are put forward....
With the deepening of social division of labor, producer services are gradually\nseparated from manufacturing industry and play a more and more important\nrole in the national economy. In particular, with the rapid development of\nscientific research, business, law, finance and other industries, the industrial\nassociation between the productive service industry and the manufacturing\nindustry becomes more closely. The interactive state between the producer\nservices and manufacturing industry has a direct impact on the industrial upgrading\nand structural adjustment of all sectors of the national economy,\nwhich has become an important way for the economic development of our\ncountry in the future. Taking Shaanxi Province as an example, this paper first\nanalyzes the development of producer services and manufacturing in Shaanxi.\nOn this basis, the VAR model is built to analyze the added value of two industries\nin Shaanxi Province. Finally, according to the empirical results, we put\nforward relevant countermeasures and suggestions....
Leadership styles have an essential, direct cause and effect relationship on business success and their development. Leaders� roles are revolved in forming values, visions, and employee�s motivation. Several leadership styles were analyzed in this study such as transformational, transactional and charismatic. A review of the literature showed several empirical businesses. The problem of the study was to cover the gap in the literature related to leadership styles in achieving total business success. Data collected in this study using a leadership survey including demographic, leadership styles and business success questions. Hundred questionnaires were distributed and only 85 valid respondents completed and appropriate for further analysis in the survey. Descriptive statistics, exploratory factor analysis (EFA) and multiple regressions were used to test the research hypotheses. The study was assumed that a transformational transactional and charismatic leadership styles were the most dominant of leadership styles in the business. The study found that most companies have same styles of leadership. Based on the results, transactional leadership style has a significant positive impact on business success. Additional, transformational leadership style, however, showed a negative impact on business success. This means that success of business would not develop or increase when transformational style is found....
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