The study's goal is to ascertain how job growth in Bangladesh's Dhaka district is impacted by waqf administration and waqf institute management. The purpose of this study is to ascertain Bangladesh's national level and the employment situation of waqf employees. In this scenario, an analytical technique is used. A selective sample strategy is used to select 260 participants and respondents along with 130 respondents from waqf institute management for the study in the Dhaka district. In this case, a questionnaire survey approach was employed to collect the data, and the SPSS software was utilized to analyze it. According to the study's findings, when management decisions are positively changed, so is the employee's job situation. However, job creation varies negatively as a result of management decisions. In addition to this, it was found during the field inspection that the waqf organization's waqf administration contained serious errors and irregularities. Additionally, the researcher spoke with and observed waqf personnel who were dealing with management concerns and opening up career chances. Waqf operations have also been considered to have a significant lack of openness and accountability. Several proposals and recommendations have been made to decrease existing issues and anomalies and make the waqf properties functional and sustainable, which would help create employment, in order to accomplish the intended development of waqf properties as well as Bangladesh.
{"title":"Role of Waqf Management in Employment Generation: An Implication of Econometric Model","authors":"Md. Abdul Hamid","doi":"10.58970/ijsb.2237","DOIUrl":"https://doi.org/10.58970/ijsb.2237","url":null,"abstract":"The study's goal is to ascertain how job growth in Bangladesh's Dhaka district is impacted by waqf administration and waqf institute management. The purpose of this study is to ascertain Bangladesh's national level and the employment situation of waqf employees. In this scenario, an analytical technique is used. A selective sample strategy is used to select 260 participants and respondents along with 130 respondents from waqf institute management for the study in the Dhaka district. In this case, a questionnaire survey approach was employed to collect the data, and the SPSS software was utilized to analyze it. According to the study's findings, when management decisions are positively changed, so is the employee's job situation. However, job creation varies negatively as a result of management decisions. In addition to this, it was found during the field inspection that the waqf organization's waqf administration contained serious errors and irregularities. Additionally, the researcher spoke with and observed waqf personnel who were dealing with management concerns and opening up career chances. Waqf operations have also been considered to have a significant lack of openness and accountability. Several proposals and recommendations have been made to decrease existing issues and anomalies and make the waqf properties functional and sustainable, which would help create employment, in order to accomplish the intended development of waqf properties as well as Bangladesh.","PeriodicalId":297563,"journal":{"name":"International Journal of Science and Business","volume":"87 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135659124","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Museums, traditional custodians of cultural heritage, are adapting to the digital age. The Bangladesh National Museum faces the challenge of effectively disseminating information to engage with an evolving, diverse audience. This research explores strategies for enhancing community engagement and outreach through innovative information dissemination. Using a mixed-methods approach, including surveys and interviews with museum visitors, staff, and community members, this study captures quantitative and qualitative data. It emphasizes contemporary roles, such as inclusivity, accessibility, and relevance. Findings offer insights into current community engagement and information dissemination at the Bangladesh National Museum. Recommendations, informed by visitor perspectives and global best practices, empower the museum to navigate the digital era while preserving its core role as a cultural steward and educator. By enhancing information dissemination, the museum can bridge cultural understanding, foster lifelong learning, and contribute to sustainable societal development.
{"title":"Enhancing Community Engagement and Outreach: Strategies for Information Dissemination at the Bangladesh National Museum","authors":"Abul Hasanat Md. Fazle Rabbi","doi":"10.58970/ijsb.2236","DOIUrl":"https://doi.org/10.58970/ijsb.2236","url":null,"abstract":"Museums, traditional custodians of cultural heritage, are adapting to the digital age. The Bangladesh National Museum faces the challenge of effectively disseminating information to engage with an evolving, diverse audience. This research explores strategies for enhancing community engagement and outreach through innovative information dissemination. Using a mixed-methods approach, including surveys and interviews with museum visitors, staff, and community members, this study captures quantitative and qualitative data. It emphasizes contemporary roles, such as inclusivity, accessibility, and relevance. Findings offer insights into current community engagement and information dissemination at the Bangladesh National Museum. Recommendations, informed by visitor perspectives and global best practices, empower the museum to navigate the digital era while preserving its core role as a cultural steward and educator. By enhancing information dissemination, the museum can bridge cultural understanding, foster lifelong learning, and contribute to sustainable societal development.","PeriodicalId":297563,"journal":{"name":"International Journal of Science and Business","volume":"2020 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136053643","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of this study is to highlight or identify the inventory management strategies used by Bangladeshi grocery stores. Data was collected using the purposive sampling approach as part of a descriptive, survey, and quantitative investigation. Effective inventory management is a crucial part of each and every business enterprise to control the risk of overstock as well as stock-out. Both overstock and stock-out of the product are harmful to enterprises for optimizing revenue because overstock leads to wastage of product; on the other hand, stock-out leads to the loss of a regular and potential customer. For a grocery shop, the use of proper inventory management techniques is more important than for any other small enterprise because, usually, a grocery shop deals with more than 100 types of different products. Through the proper use of inventory management techniques, the possibility of overstocking and stock-outs in grocery shops may be reduced to a great extent. This paper presents effective inventory management techniques for grocery shops in Bangladesh based on a grocery shop in Khulna city named Babul Store, Khulna. There are a number of inventory control approaches that can be used to maintain appropriate inventory management. The objective of the study is to suggest some guidelines to the inventory manager so that they can easily avoid overstocking and stock problems and make all the necessary goods available in the right quantity at the right time. All the necessary data were collected from a grocery shop in Khulna city named Babul Store, Khulna. This study will suggest some guidelines that will help develop inventory management software for further analysis. Future scholars and Bangladeshi grocery store owners will undoubtedly benefit from this real-world example of how to manage and regulate inventory properly.
{"title":"Inventory Management Techniques for Grocery Shops in Bangladesh: A Study on a Grocery Shop in Khulna City","authors":"Md. Moslah Uddin, Md. Jahangir Alam","doi":"10.58970/ijsb.2231","DOIUrl":"https://doi.org/10.58970/ijsb.2231","url":null,"abstract":"The purpose of this study is to highlight or identify the inventory management strategies used by Bangladeshi grocery stores. Data was collected using the purposive sampling approach as part of a descriptive, survey, and quantitative investigation. Effective inventory management is a crucial part of each and every business enterprise to control the risk of overstock as well as stock-out. Both overstock and stock-out of the product are harmful to enterprises for optimizing revenue because overstock leads to wastage of product; on the other hand, stock-out leads to the loss of a regular and potential customer. For a grocery shop, the use of proper inventory management techniques is more important than for any other small enterprise because, usually, a grocery shop deals with more than 100 types of different products. Through the proper use of inventory management techniques, the possibility of overstocking and stock-outs in grocery shops may be reduced to a great extent. This paper presents effective inventory management techniques for grocery shops in Bangladesh based on a grocery shop in Khulna city named Babul Store, Khulna. There are a number of inventory control approaches that can be used to maintain appropriate inventory management. The objective of the study is to suggest some guidelines to the inventory manager so that they can easily avoid overstocking and stock problems and make all the necessary goods available in the right quantity at the right time. All the necessary data were collected from a grocery shop in Khulna city named Babul Store, Khulna. This study will suggest some guidelines that will help develop inventory management software for further analysis. Future scholars and Bangladeshi grocery store owners will undoubtedly benefit from this real-world example of how to manage and regulate inventory properly.","PeriodicalId":297563,"journal":{"name":"International Journal of Science and Business","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135550290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This empirical research study explores the influence of financial inclusion (FI) on long-term economic growth within a dataset comprising 50 developing countries over the period from 2010 to 2022. Sustainable per capita economic growth, defined as an annual growth rate of a minimum of 7%, serves as a representative measure for sustained economic growth, while the growth rate of branches of bank and ATMs per 0.1 million people functions as a proxy for FI. Employing panel data models, our findings suggest a positive correlation between FI and sustained economic growth, although this relationship does not attain statistical significance. We also employ robust endogeneity-consistent estimation techniques, including the two-step system and differenced Generalized Method of Moments (GMM) approaches, and our results consistently indicate that financial inclusion, as measured by bank branches and ATM outreach, does not appear to be a significant driver of economic growth. Consequently, central banks and governments are encouraged to formulate and implement more effective strategies and initiatives aimed at enabling greater access and utilization of financial services among unbanked populations, with the potential to yield tangible benefits from financial inclusion and consequently foster higher growth rates in developing nations.
{"title":"Unlocking the Path to Inclusive Growth: Examining the Impact of Financial Inclusion in Developing Economies","authors":"Banna Banik","doi":"10.58970/ijsb.2179","DOIUrl":"https://doi.org/10.58970/ijsb.2179","url":null,"abstract":"This empirical research study explores the influence of financial inclusion (FI) on long-term economic growth within a dataset comprising 50 developing countries over the period from 2010 to 2022. Sustainable per capita economic growth, defined as an annual growth rate of a minimum of 7%, serves as a representative measure for sustained economic growth, while the growth rate of branches of bank and ATMs per 0.1 million people functions as a proxy for FI. Employing panel data models, our findings suggest a positive correlation between FI and sustained economic growth, although this relationship does not attain statistical significance. We also employ robust endogeneity-consistent estimation techniques, including the two-step system and differenced Generalized Method of Moments (GMM) approaches, and our results consistently indicate that financial inclusion, as measured by bank branches and ATM outreach, does not appear to be a significant driver of economic growth. Consequently, central banks and governments are encouraged to formulate and implement more effective strategies and initiatives aimed at enabling greater access and utilization of financial services among unbanked populations, with the potential to yield tangible benefits from financial inclusion and consequently foster higher growth rates in developing nations.","PeriodicalId":297563,"journal":{"name":"International Journal of Science and Business","volume":"122 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135498121","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The primary aim of this research is to evaluate the influence of leadership style on affective commitment to change, taking into consideration the moderating role of organizational culture. This study utilizes a mixed-methods approach, incorporating both quantitative survey data from 371 employees in Yemeni public organizations and qualitative interviews with managers. The findings show that employees' affective commitment to change and transformational leadership are positively correlated. Furthermore, a favourable correlation is discovered between affective commitment to change and transactional leadership. The results have significance in that they point to the positive moderating influence of organisational culture on the association between affective commitment to change among employees and leadership styles. Interestingly, compared to transformational leadership, transactional leadership is a stronger predictor of affective commitment to change.
{"title":"Yemen’s Public Sector transformation: Unpacking the dynamics of assessing organizational culture, leadership Approaches and Employees Adherence to Change","authors":"Hesham Mohamed Othman Almekhlafi","doi":"10.58970/ijsb.2212","DOIUrl":"https://doi.org/10.58970/ijsb.2212","url":null,"abstract":"The primary aim of this research is to evaluate the influence of leadership style on affective commitment to change, taking into consideration the moderating role of organizational culture. This study utilizes a mixed-methods approach, incorporating both quantitative survey data from 371 employees in Yemeni public organizations and qualitative interviews with managers. The findings show that employees' affective commitment to change and transformational leadership are positively correlated. Furthermore, a favourable correlation is discovered between affective commitment to change and transactional leadership. The results have significance in that they point to the positive moderating influence of organisational culture on the association between affective commitment to change among employees and leadership styles. Interestingly, compared to transformational leadership, transactional leadership is a stronger predictor of affective commitment to change.","PeriodicalId":297563,"journal":{"name":"International Journal of Science and Business","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136203055","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Dr. Umme Habiba Rahman, Mst. Amina Khatun, Md. Obidul Haque
The COVID-19 pandemic has potential effect on Bangladesh's ready-made garment (RMG) workers. The study describes the present vulnerability of RMG workers due to the COVID-19 pandemic based on information with direct interactions with RMG workers. RMG workers' physical and mental health and welfare have already been harmed by COVID-19, which also led to job loss. We contend that the COVID-19 pandemic will affect garment workers in the long run, particularly in terms of financial hardships and inability to pay for necessities like food, as well as future employment chances. The stakeholders involved in the global supply chain in RMG factories, such as the international retailers/brands, Bangladesh Garment Manufacturers and Exporters Association, and the government of Bangladesh, should reevaluate the needs of the RMG employees in terms of their health and general well-being given the ongoing COVID-19 pandemic.
{"title":"The impact of Covid-19 on Readymade Garments’ (RMG) Workers in Bangladesh- A study on Mirpur and Uttara","authors":"Dr. Umme Habiba Rahman, Mst. Amina Khatun, Md. Obidul Haque","doi":"10.58970/ijsb.2262","DOIUrl":"https://doi.org/10.58970/ijsb.2262","url":null,"abstract":"The COVID-19 pandemic has potential effect on Bangladesh's ready-made garment (RMG) workers. The study describes the present vulnerability of RMG workers due to the COVID-19 pandemic based on information with direct interactions with RMG workers. RMG workers' physical and mental health and welfare have already been harmed by COVID-19, which also led to job loss. We contend that the COVID-19 pandemic will affect garment workers in the long run, particularly in terms of financial hardships and inability to pay for necessities like food, as well as future employment chances. The stakeholders involved in the global supply chain in RMG factories, such as the international retailers/brands, Bangladesh Garment Manufacturers and Exporters Association, and the government of Bangladesh, should reevaluate the needs of the RMG employees in terms of their health and general well-being given the ongoing COVID-19 pandemic.","PeriodicalId":297563,"journal":{"name":"International Journal of Science and Business","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135317615","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The research project's goal is to examine how women entrepreneurs' adoption of transformational leadership practices contributed to their businesses' growth. This study utilized qualitative, quantitative, and mixed research methods in a mixed methodology. The data was adjusted, computed, and analyzed using statistical software (SPSS version 16.0), with the assistance of 45 female business owners who participated in in-depth interviews and completed questionnaires. The research examines successful South Sudanese female business owners' transformational leadership philosophies in light of their interpersonal, managerial, entrepreneurial, and business expertise. Despite the importance of transformational leadership in the growth of small businesses, this topic has received little research, with the majority of earlier investigations concentrating on large corporate settings. Researchers contribute to the literature by using a qualitative, quantitative method approach, adopting a combination of explanatory and confirmatory factor analysis, coupled with analyses. Researchers of this paper provide a thorough Transformational leadership on South Sudanese women business owners.
{"title":"Impact of Transformational Leadership Styles on South Sudanese Women Entrepreneurs: A Case Study of Juba City South Sudan","authors":"Chol Gabriel Majer, Maxwel Adea","doi":"10.58970/ijsb.2205","DOIUrl":"https://doi.org/10.58970/ijsb.2205","url":null,"abstract":"The research project's goal is to examine how women entrepreneurs' adoption of transformational leadership practices contributed to their businesses' growth. This study utilized qualitative, quantitative, and mixed research methods in a mixed methodology. The data was adjusted, computed, and analyzed using statistical software (SPSS version 16.0), with the assistance of 45 female business owners who participated in in-depth interviews and completed questionnaires. The research examines successful South Sudanese female business owners' transformational leadership philosophies in light of their interpersonal, managerial, entrepreneurial, and business expertise. Despite the importance of transformational leadership in the growth of small businesses, this topic has received little research, with the majority of earlier investigations concentrating on large corporate settings. Researchers contribute to the literature by using a qualitative, quantitative method approach, adopting a combination of explanatory and confirmatory factor analysis, coupled with analyses. Researchers of this paper provide a thorough Transformational leadership on South Sudanese women business owners.","PeriodicalId":297563,"journal":{"name":"International Journal of Science and Business","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135446243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The main challenge faced by the current generation is the need to adopt safe practices in resource management in order to sustain life on earth. This involves utilizing renewable resources exclusively and taking care not to exhaust the limited resources available for environmental development. Developing countries, in particular, are prone to wasting resources, especially human resources, due to their focus on modern technology and production methods. Iraq, in particular, is under pressure to make economic developments that are sustainable. Therefore, it is important to direct efforts towards developing all possible economic resources in Iraq, with a special focus on human resources.
{"title":"Sustainability and its role in enhancing the efficiency of human resource management in Iraqi organizations","authors":"Sabeeh Nadhim Matrood","doi":"10.58970/ijsb.2211","DOIUrl":"https://doi.org/10.58970/ijsb.2211","url":null,"abstract":"The main challenge faced by the current generation is the need to adopt safe practices in resource management in order to sustain life on earth. This involves utilizing renewable resources exclusively and taking care not to exhaust the limited resources available for environmental development. Developing countries, in particular, are prone to wasting resources, especially human resources, due to their focus on modern technology and production methods. Iraq, in particular, is under pressure to make economic developments that are sustainable. Therefore, it is important to direct efforts towards developing all possible economic resources in Iraq, with a special focus on human resources.","PeriodicalId":297563,"journal":{"name":"International Journal of Science and Business","volume":"87 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135799760","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research investigates the current state of disclosure on the climate change issues of the oil & gas companies listed on the Toronto Stock Exchange (TSX). Using a sample of 58 companies, I conduct a content analysis of their publicly available documents and develop a disclosure index. The study demonstrates that there is a significant association between the level of disclosure of climate change issues (disclosures index) and the board of director’s effectiveness (measured by Board Shareholder Confidence Index) for Canadian oil & gas companies. This study also explores the association between firms’ value and the level of climate change disclosure. The empirical evidence indicates that the investors take the extent of disclosures on climate changes into considerations when they assess the market value of the firms. This study contributes to environmental accounting literature because it examines the relationship between climate change disclosures and corporate governance. From a practical point of view, the outcome of this analysis will help Canadian Securities Administrator (CSA) to have insight into climate change disclosures practices and provides a frame of references for developing related disclosures requirement.
{"title":"Climate Change Disclosure: An Empirical Study On The Oil & Gas Companies Listed on Toronto Stock Exchange (TSX)","authors":"Amirus Salat","doi":"10.32920/14662968.v1","DOIUrl":"https://doi.org/10.32920/14662968.v1","url":null,"abstract":"This research investigates the current state of disclosure on the climate change issues of the oil & gas companies listed on the Toronto Stock Exchange (TSX). Using a sample of 58 companies, I conduct a content analysis of their publicly available documents and develop a disclosure index. The study demonstrates that there is a significant association between the level of disclosure of climate change issues (disclosures index) and the board of director’s effectiveness (measured by Board Shareholder Confidence Index) for Canadian oil & gas companies. This study also explores the association between firms’ value and the level of climate change disclosure. The empirical evidence indicates that the investors take the extent of disclosures on climate changes into considerations when they assess the market value of the firms. This study contributes to environmental accounting literature because it examines the relationship between climate change disclosures and corporate governance. From a practical point of view, the outcome of this analysis will help Canadian Securities Administrator (CSA) to have insight into climate change disclosures practices and provides a frame of references for developing related disclosures requirement.","PeriodicalId":297563,"journal":{"name":"International Journal of Science and Business","volume":"88 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128458281","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study focuses on the impact of strategic procurement by manufacturing enterprises on supplier involvement in new product development in Guangdong Province, the largest economic province in China. While there is existing research on supplier participation in new product development, less attention has been given to the role of procurement in this process. The study aims to explore the relationships between strategic procurement and supplier capabilities, supplier capabilities and participation in new product development, and enterprise cooperation and supplier participation in new product development. Using a conceptual model based on supply chain and transaction cost theories, the study finds that strategic procurement positively affects supplier investment in new product development through improved supplier capabilities and partnership between enterprises. Additionally, supplier technical and supply capabilities, trust between enterprises, and communication and collaboration positively influence supplier participation in new product development. The study recommends that manufacturing enterprises prioritize the strategic function of procurement, develop existing supplier capabilities, and establish good cooperation with suppliers involved in new product research and development to enhance the impact of strategic procurement on supplier investment in new product development.
{"title":"Enhancing Supplier Participation in New Product Development through Strategic Procurement: A Study of Chinese Manufacturing Enterprises","authors":"Chen Yonghui","doi":"10.58970/ijsb.2111","DOIUrl":"https://doi.org/10.58970/ijsb.2111","url":null,"abstract":"This study focuses on the impact of strategic procurement by manufacturing enterprises on supplier involvement in new product development in Guangdong Province, the largest economic province in China. While there is existing research on supplier participation in new product development, less attention has been given to the role of procurement in this process. The study aims to explore the relationships between strategic procurement and supplier capabilities, supplier capabilities and participation in new product development, and enterprise cooperation and supplier participation in new product development. Using a conceptual model based on supply chain and transaction cost theories, the study finds that strategic procurement positively affects supplier investment in new product development through improved supplier capabilities and partnership between enterprises. Additionally, supplier technical and supply capabilities, trust between enterprises, and communication and collaboration positively influence supplier participation in new product development. The study recommends that manufacturing enterprises prioritize the strategic function of procurement, develop existing supplier capabilities, and establish good cooperation with suppliers involved in new product research and development to enhance the impact of strategic procurement on supplier investment in new product development.","PeriodicalId":297563,"journal":{"name":"International Journal of Science and Business","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115428393","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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