Current Issue : January-March Volume : 2022 Issue Number : 1 Articles : 5 Articles
Chinese market is relative new for fast food chains. In this article, we will explore the competition between the McDonald’s and KFC. We will review two papers, each one focusing on one different aspect of the competition mode we are studying. For the Mayer’s model, we can apply the profit’s concept into our Hotelling model. For the electoral vote model, we can incorporate the concept of market share. We will try to quantify the variables involved in the real world fast food market. We will assume an imaginary line of positions for the firms to choose. Then, in the section of Theoretical Nash Equilibrium, we will try to solve the strategic setting and apply the principles further in the extensions. Finally we will find empirical evidence, which conforms perfectly to our propositions. To sum up, we propose that KFC and McDonald’s clustering at the center are of reason, generating maximum profit and market share, creating a stable Nash Equilibrium....
Conventional wisdom in entrepreneurship education holds that educational institutions play a key influence in developing entrepreneurial capabilities. However, the buzzing, complex debates about entrepreneurship, as well as the varied signals from the market about the real outcome of such transformational undertakings, pave the way for additional in-depth research. The developing literature has a plethora of nuances and subtleties to source, ranging from the formulation of complex, multilayered concepts to the evaluation of longitudinal studies. This study aims to generate new bibliometric insights and establish an agenda for further study into key and relevant subjects. In doing so, the state of the art of this dual study field is mapped out, and pertinent emerging patterns are summarized. Bibliometric methods were used for the mapping of the knowledge base, utilizing HistCite and VosViewer. Following the interrogation of the Web of Science platform, a meaningful sample of peer-reviewed papers were yielded for which bibliometric analyses were conducted. The findings show that this topic is divided into three interconnected clusters that provide a clearer understanding of the various research streams that run through it, as well as the gaps and future research trends....
The complexity of the project and the uncertainty related to its unique character are important factors affecting the risk associated with the implementation of a given project. The subjects of the analysis were the risk factors related to the organization of marathons classified as mass sports events. None of such events can be flawlessly planned and none can be carried out strictly according to a previously developed plan. Risk management, as a sequence of separate activities during the organization and course of a sports event, especially the identification and prioritization of threats, helps the event organizers cope with the uncertainty related to individual aspects of the event. This gives more space for manoeuvre, allowing the organizers to pay special attention to those risk factors, the minimization or elimination of which, at an early stage, allows minimising the probability of negative effects and creates the greatest probability of achieving positive results. Risk, if left unattended, tends to degrade the running event’s value, while the effective risk management adds extra value to it. The research aimed at analysing identified risk factors for marathons in the context of defining the character of managerial decisions related to marathons organisation. The results of the research verification of risk factors and their logical grouping were conducted. The authors carried out the validity assessment of the research instrument (the Cronbach’s alpha statistics was used) as well as the cluster and factor analyses to illustrate the research results and provide results of higher quality in the context of taking risk mitigation actions for marathon organization....
Quality management is a vital link to ensure product quality in the automobile production process. This paper investigates problem-solving of two automotive plants and explores the factors that influence the quality improvement in the organisation. The case studies analyse the status quo and problems in the quality management organisation, problem-solving process, and team, as well as quality management information system with particular emphasis on how each plant uses data, information, and knowledge to solve quality problems from the perspective of knowledge management. The result shows that there is a lack of utilisation of data, information, and knowledge in problem-solving. Based on the analysis result and the demands of plants for improving the efficiency and effectiveness of problem-solving, we propose a knowledge management based intelligent problem-solving system (IPSS). At the same time, a five-tier environment construction for the successful implementation of IPSS is proposed. The main shortcomings identified are common to many other plants and companies worldwide. The suggestions and proposals put forward are of great significance for manufacturing enterprises to improve the efficiency and effectiveness of quality problem-solving....
In the era of economic globalization and knowledge economy, how can enterprises gradually catch up with and even surpass powerful competitors? How can leading enterprises maintain their market position and create sustainable competitive advantage? These two issues have always been a hot topic in the field of strategic management. The success or failure of enterprise management is determined by many factors, and competitiveness is the most important and essential factor. In the new environment, grasping the formation and evolution law of enterprise competitiveness and promoting the sustainable and healthy growth of enterprises is an important topic to be solved in the research of strategic management. On the source of enterprise competitiveness, the academic circles mainly focus on four factors: Resource-based view (RBV), Knowledge-based view (KBV), Capability-based view (CBV) and Institution-based view (IBV)....
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