Advances in the field of technology enabled individuals and businesses to collect large amounts of data (structured and unstructured) from various sources like never before. Data from social media, user-generated, internet, health care, manufacturing, supply chain, financial institution, and sensors have grown exponentially. This paper’s objective is to review how big data drive and impact innovation, competitive advantage, productivity, and decision support. Methodology: A comprehensive literature review on big data and identifying the impact of big data analytics on innovation, competitive advantage, productivity, and decision support are studied. The reviewed literature created the foundation for studying, a model that was developed based on an extensive review of literature as well as case studies and future forecast by market leaders. Big data is the latest buzzword among businesses. A new model is suggested identifying big data and the correlation between innovation, competitive advantage, productivity, and decision support. Findings: A review of scholarly literature and existing case studies finds that there is a gap between existing frameworks and the integration of big data into various business and management functions and objectives. The findings are interesting that literature is rich with concepts and frameworks for achieving the end goal for business or management function along with framework but very little is available in the literature on the question of how to integrate big data analytics into those frameworks. This paper finds that a key question is missing i.e., what are the essential steps that businesses should perform to implement and integrate big data analytics into existing frameworks to fully exploit the big data potential. Research Limitations/Implications: The research was limited to a review of selective literature focused on in-depth understanding of big data. Additionally, it focuses on how big data leads to innovation, competitive advantage, productivity, and decision support. Although there are many other related fields of studies where big data impact can be studied but is not part of this study effort. Future studies can lead to more in-depth studies of other related areas of studies. Practical Implications: The review of the literature suggested that “Big Data” is playing an important role in innovations, creating competitive advantage, enhancing productivity, and assisting in data-driven decisions. Businesses are taking advantage of the customer insights that are innovating products and services which are very customer-centric, keeping the competition on the run, improving productivity at all levels, and making educated decisions every day. The future will be driven by smarter big data solutions and insights. Originality/Value: The study provides evidence that big data is the catalyst for innovation, creates competitive advantage, enhances productivity, and assists in decis
{"title":"Impact of Big Data on Innovation, Competitive Advantage, Productivity, and Decision Making: Literature Review","authors":"Nadeem U. Shahid, N. Sheikh","doi":"10.4236/OJBM.2021.92032","DOIUrl":"https://doi.org/10.4236/OJBM.2021.92032","url":null,"abstract":"Advances in the field of technology enabled \u0000individuals and businesses to collect large amounts of data (structured and \u0000unstructured) from various sources like never before. Data from social media, \u0000user-generated, internet, health care, manufacturing, supply chain, financial \u0000institution, and sensors have grown exponentially. This paper’s objective is to \u0000review how big data drive and impact innovation, competitive advantage, \u0000productivity, and decision support. Methodology: A comprehensive literature review on big data and \u0000identifying the impact of big data analytics on innovation, competitive \u0000advantage, productivity, and decision support are studied. The reviewed \u0000literature created the foundation for studying, a model that was developed based on an extensive review of literature as well as case \u0000studies and future forecast by market leaders. Big data is the latest buzzword \u0000among businesses. A new model is suggested identifying big data and the \u0000correlation between innovation, competitive advantage, productivity, and \u0000decision support. Findings: A review of scholarly literature and existing case studies finds that \u0000there is a gap between existing frameworks and the integration of big data into \u0000various business and management functions and objectives. The findings are \u0000interesting that literature is rich with concepts and frameworks for achieving \u0000the end goal for business or management function along with framework but very \u0000little is available in the literature on the question of how to integrate big \u0000data analytics into those frameworks. This paper finds that a key question is \u0000missing i.e., what are the essential steps that businesses should perform to \u0000implement and integrate big data analytics into existing frameworks to fully \u0000exploit the big data potential. Research Limitations/Implications: The research was limited to a review of selective \u0000literature focused on in-depth understanding of big data. Additionally, it focuses on how big \u0000data leads to innovation, competitive advantage, productivity, and decision support. \u0000Although there are many other related fields of studies where big data impact \u0000can be studied but is not part of this study effort. Future studies can lead to \u0000more in-depth studies of other related areas of studies. Practical Implications: The review of the literature suggested that “Big \u0000Data” is playing an important role in innovations, creating competitive \u0000advantage, enhancing productivity, and assisting in data-driven decisions. \u0000Businesses are taking advantage of the customer insights that are innovating products and services which are very customer-centric, \u0000keeping the competition on the run, improving productivity at all levels, and \u0000making educated decisions every day. The \u0000future will be driven by smarter big data solutions and insights. Originality/Value: The study provides evidence that big data is the \u0000catalyst for innovation, creates competitive advantage, enhances productivity, \u0000and assists in decis","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126580395","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}
Communication is a very crucial and significant element in an organization, and it is necessary for creating collaboration within the work environment that has effects on organizational performance and decision making. This study on effects of effective communications on organizational performance using the systems theory is thus essential. The objectives of this study were to firstly identify the factors affecting effective communication based on the systems theory and secondly to devise a communication model that addresses these factors to improve organisational performance. A quantitative approach was used to describe and analyse data collected for the study from 88 respondents. A questionnaire was used to identify factors affecting effective communication based on systems theory. Descriptive analysis and Pearson’s correlation were used to analyse the results. The results for H1 showed a Pearson correlation coefficient of 0.642 which is statistically insignificant if the (sig. 2-tailed) there was no statistically significant relationship between management and channel of communication used. However, the results from H2 indicated that there was a relationship between channel of communication used and effective communication with a Pearson correlation coefficient of 0.041 at (sig. 2-tailed) 3 showed that effective communication has a positive effect on organizational performance at (sig. 2-tailed)
{"title":"The Effects of Effective Communication on Organizational Performance Based on the Systems Theory","authors":"M. Musheke, J. Phiri","doi":"10.4236/OJBM.2021.92034","DOIUrl":"https://doi.org/10.4236/OJBM.2021.92034","url":null,"abstract":"Communication is a very \u0000crucial and significant element in an organization, and it is necessary for creating collaboration within the work \u0000environment that has effects on organizational performance and decision \u0000making. This study on effects of effective communications on organizational performance using the systems \u0000theory is \u0000thus essential. The objectives of this study were to firstly identify the \u0000factors affecting effective communication based on the systems theory and \u0000secondly to devise a communication model that addresses these factors to \u0000improve organisational performance. A quantitative approach was used to describe and \u0000analyse data collected for the study from 88 respondents. A questionnaire was used to identify factors affecting effective communication \u0000based on systems theory. Descriptive analysis and \u0000Pearson’s correlation were used to analyse the results. The results for H1 showed a Pearson correlation coefficient of 0.642 which \u0000is statistically insignificant if the (sig. 2-tailed) there was no statistically significant relationship \u0000between management and channel of communication used. However, the results from \u0000H2 indicated that there was a relationship between channel of \u0000communication used and effective communication with a Pearson correlation \u0000coefficient of 0.041 at (sig. 2-tailed) 3 showed that effective communication has a positive \u0000effect on organizational performance at (sig. 2-tailed)","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131265074","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}
In recent years, the marketing of services, long in search of academic legitimacy, has found a clear recognition of its specificities. Banking marketing, a component of the services sector, is getting a promising boost from this development. The present research is proposed to study the development of the activity of banking strategies and customer loyalty introduced in banks to enable them to optimize the quality of communication and satisfaction while generating more profits and trust.
{"title":"Banking Strategies and Customer Loyalty Case of Tunisian Banks","authors":"Chiraz Rouissi","doi":"10.4236/OJBM.2021.92047","DOIUrl":"https://doi.org/10.4236/OJBM.2021.92047","url":null,"abstract":"In recent years, the marketing of services, long in search of academic \u0000legitimacy, has found a clear recognition of its specificities. Banking \u0000marketing, a component of the services sector, is getting a promising boost \u0000from this development. The present research is proposed to study the \u0000development of the activity of banking strategies and customer loyalty \u0000introduced in banks to enable them to optimize the quality of communication and \u0000satisfaction while generating more profits and trust.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132430379","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}
With economic globalization speeding up, China has increasingly frequent interaction with the world economy. A multitude of versatile talents are in urgent need who not only have good grasp of linguistic and business knowledge but also are competent in intercultural communication. Students of business English are significant resource of international business talents. This thesis discusses the principles of cultivating students’ intercultural communication competence from the perspective of systematicness, practicality and comparison. Then the strategies and approaches on how to realize the improvement of the ICC of business English majors in universities and colleges are explored from five aspects including teaching syllabus, teachers’ development, teaching materials, teaching modes and evaluation system. In the final part of the thesis, the author analyzes the limitation of the study and considers researching plan for further study to acquire more findings.
{"title":"Cultivation of Intercultural Communication Competence for Business English Majors","authors":"Feipeng Li, Dong Lei","doi":"10.4236/OJBM.2021.92039","DOIUrl":"https://doi.org/10.4236/OJBM.2021.92039","url":null,"abstract":"With \u0000economic globalization speeding up, China has increasingly frequent interaction \u0000with the world economy. A multitude of versatile talents are in urgent need who not only have good \u0000grasp of linguistic and business knowledge but also are competent in intercultural \u0000communication. Students of business English are significant resource of \u0000international business talents. This thesis discusses the principles of \u0000cultivating students’ intercultural communication competence from the \u0000perspective of systematicness, practicality and comparison. Then the strategies \u0000and approaches on how to realize the improvement of the ICC of business English \u0000majors in universities and colleges are explored from five aspects including \u0000teaching syllabus, teachers’ development, teaching materials, teaching modes \u0000and evaluation system. In the final part of the thesis, the author analyzes the \u0000limitation of the study and considers researching plan for further study to \u0000acquire more findings.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116402883","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}
Scientific progress, technology and industrial development in addition to globalization have allowed for the flow of a large amount of market information (capital information, investment information, labor, goods and services information etc.), which has resulted in intense competition increasing day by day because of the rapid technological developments, communication technology, electronic commerce and economic blocs. This has led to the industrial development of goods and services at an accelerated pace, and the development of business organizations under the pressure of intense competition and they must search for sophisticated strategies to stay in the market and the performance of economic and social tasks entrusted to it, and be able to compete and then expand in the markets locally and internationally. Entrepreneurship is one of the main topics in the economies of both developed and developing countries. Effective entrepreneurship contributes to economic development and the information era has led to dramatic changes in the work environment. Participation and technology have resulted in a faster pace the competition between local and international institutions, which works in an innovative way to disseminate information to produce products and provide new services to customers. The information era is also an incentive to restore successful traditional work patterns. As a result, innovation has become the main factor in separating leading institutions at all local, regional, and international levels. This paper aimed at measuring the characteristics of Entrepreneurship among postgraduate students from different universities in the Kingdom of Bahrain and its impact on entrepreneurship characteristics. A conceptual framework has been presented for a better understanding of the entrepreneurship characteristics topic which formed the basis for the topic under study. Using a quantitative method, 1000 questionnaires were distributed to target respondents comprising of international and local graduate students studying/graduated from different universities in the Kingdom of Bahrain. The responses collected were 930 completed questionnaires representing a 93% percent response rate. The data were analyzed using Smart PLS version 3. The findings indicate that entrepreneurship characteristics of the post-graduate students are a valid construct in predicting entrepreneurial intentions.
{"title":"Measuring the Entrepreneurship Characteristics and Its Impact on Entrepreneurial Intentions","authors":"K. Omar","doi":"10.4236/OJBM.2021.92035","DOIUrl":"https://doi.org/10.4236/OJBM.2021.92035","url":null,"abstract":"Scientific progress, technology and industrial \u0000development in addition to globalization have allowed for the flow of a large amount of \u0000market information (capital information, investment information, labor, goods \u0000and services information etc.), which has resulted in intense competition \u0000increasing day by day because of the rapid technological developments, \u0000communication technology, electronic commerce and economic blocs. This has led \u0000to the industrial development of goods and services at an accelerated pace, and \u0000the development of business organizations under the pressure of intense \u0000competition and they must search for sophisticated strategies to stay in the \u0000market and the performance of economic and social tasks entrusted to it, and be \u0000able to compete and then expand in the markets locally and internationally. \u0000Entrepreneurship is one of the main topics in the economies of both developed \u0000and developing countries. Effective entrepreneurship contributes to economic \u0000development and the information era has led to dramatic changes in the work \u0000environment. Participation and technology have resulted in a faster pace the \u0000competition between local and international institutions, which works in an \u0000innovative way to disseminate information to produce products and provide new \u0000services to customers. The information era is also an incentive to restore \u0000successful traditional work patterns. As a result, innovation has become the \u0000main factor in separating leading institutions at all local, regional, and \u0000international levels. This paper aimed at measuring the characteristics of \u0000Entrepreneurship among postgraduate students from different universities in the \u0000Kingdom of Bahrain and its impact on entrepreneurship characteristics. A conceptual framework has been presented for a \u0000better understanding of the entrepreneurship characteristics topic which formed \u0000the basis for the topic under study. Using a quantitative method, 1000 \u0000questionnaires were distributed to target respondents comprising \u0000of international and local graduate students studying/graduated from different \u0000universities in the Kingdom of Bahrain. The responses collected were 930 completed questionnaires representing a 93% \u0000percent response rate. The data were analyzed using Smart PLS version 3. The \u0000findings indicate that entrepreneurship characteristics of the post-graduate \u0000students are a valid construct in predicting entrepreneurial intentions.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132212334","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}
Nowadays, firms pay much more attention to their corporate social responsibilities (CSR) in order to gain good reputations for them and get benefits such as reducing financial constraints from outside parties. Considerations of CSR indicate that these companies do not only focus on improving profits but also take into considerations of non-financial information in their daily operating process. Thus, many firms have shifted their profit-oriented strategies to sustainable development strategies. However, annual reports cannot show the effects of these sustainable strategies’ adoption, therefore integrated report, which is long-term oriented and focuses on the impacts of a company’s activities on the capitals and on the interrelations generated by such actions, is needed to substitute the original annual report for these firms. This paper mainly conducts research through qualitative methods and literature reviews, aiming at demonstrating the rationalities and effects of integrated report adoption for Natura Cosmeticos based on its current sustainable strategy, which is called “The Triple Bottom Line”.
{"title":"Analysis of Integrated Report Adoption for Natura Cosmeticos","authors":"Jiayang Cheng","doi":"10.4236/OJBM.2021.92026","DOIUrl":"https://doi.org/10.4236/OJBM.2021.92026","url":null,"abstract":"Nowadays, firms pay much more attention to their corporate social responsibilities (CSR) in order to gain good reputations for them and get benefits such as reducing financial constraints from outside parties. Considerations of CSR indicate that these companies do not only focus on improving profits but also take into considerations of non-financial information in their daily operating process. Thus, many firms have shifted their profit-oriented strategies to sustainable development strategies. However, annual reports cannot show the effects of these sustainable strategies’ adoption, therefore integrated report, which is long-term oriented and focuses on the impacts of a company’s activities on the capitals and on the interrelations generated by such actions, is needed to substitute the original annual report for these firms. This paper mainly conducts research through qualitative methods and literature reviews, aiming at demonstrating the rationalities and effects of integrated report adoption for Natura Cosmeticos based on its current sustainable strategy, which is called “The Triple Bottom Line”.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114422622","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 paper focuses on how economic variables affect Baa corporate bond spreads in the US from January 1990 to December 2018. Credit spreads in this paper are defined as the Baa corporate bond yield minus the Aaa corporate bond yield, and are explained by four variables which are interest rates, the slope of yield curve, the stock market volatility and the economic environment. Cointegration analysis and VAR model are used in this paper to estimate the effects of the determinants of the credit spreads in the long-run and in the short-run respectively. The impacts of the industrial production index and the slope of yield curve on the Baa credit spread are negative, and the impacts of 10 year Treasury bond rate and the stock market volatility on the credit spreads are positive in the long run. In the short-run dynamic relationship, the impact of the industrial production index and the 10 years Treasury bond interest rate are negative for the credit spreads, and the slope of yield curve and stock market volatility are positive for the Baa credit spreads.
{"title":"Explain the Determinants of Credit Spreads in the US","authors":"Wenqi Zhang","doi":"10.4236/OJBM.2021.92041","DOIUrl":"https://doi.org/10.4236/OJBM.2021.92041","url":null,"abstract":"This paper focuses on how economic variables affect Baa corporate bond spreads \u0000in the US from January 1990 to December 2018. Credit spreads in this paper are defined \u0000as the Baa corporate bond yield minus the Aaa corporate bond yield, and are explained \u0000by four variables which are interest rates, the slope of yield curve, the stock \u0000market volatility and the economic environment. Cointegration analysis and VAR model \u0000are used in this paper to estimate the effects of the determinants of the credit \u0000spreads in the long-run and in the short-run respectively. The impacts of the \u0000industrial production index and the slope of yield curve on the Baa credit \u0000spread are negative, and the impacts of 10 year Treasury bond rate and the \u0000stock market volatility on the credit spreads are positive in the long run. In the short-run dynamic relationship, the \u0000impact of the industrial production index and the 10 years Treasury bond \u0000interest rate are negative for the credit spreads, and the slope of yield curve \u0000and stock market volatility are positive for the Baa credit spreads.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114735270","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 foreign trade market is one of the most effective engines of economic growth in Egypt. Given its importance to the Egyptian economy, the factors influencing export flows between Egypt to its main trading partners need to be studied. The gravity model and panel data method is an essential and common approach for analyzing bilateral trade flows. It has proved to be a valuable method for analyzing a country’s trade potential and bilateral trade. This study applied the gravity model with geographical and financial variables. Moreover, it offers a new empirical perspective to indicate that these variables have analytical power to explain several factors that influence the cross-country trade flows; this research explores the relationship of Egyptian exports to 36 global trading partners across annual data covering a period from 2000 to 2018. In its random effect model of the panel data, the gravity model results showed that the main factors influencing the Egyptian bilateral trade are Egypt’s gross domestic product, importer’s gross domestic product, the border factor, and the distance between Egypt to the main trading partners. Some variables have a positive coefficient, like population, trade openness rate, and regional trade agreements, but they are insignificant for the Egyptian bilateral trade. The language factor is negative and insignificant to Egypt’s trade. These findings will enable Egypt’s government, policymakers, and traders to make suitable decisions to develop the influential role of Egypt’s international trade.
{"title":"An Empirical Study of Bilateral Trade in Egypt: Gravity Model Approach (2000-2018)","authors":"Fatma Sohail, Weiqiang Wang, Xiao-Xin He","doi":"10.4236/OJBM.2021.92049","DOIUrl":"https://doi.org/10.4236/OJBM.2021.92049","url":null,"abstract":"The foreign trade market is one of the most effective engines of economic \u0000growth in Egypt. Given its importance to the Egyptian economy, the factors \u0000influencing export flows between Egypt to its main trading partners need to be \u0000studied. The gravity model and panel data method is an essential and common \u0000approach for analyzing bilateral trade flows. It has proved to be a valuable \u0000method for analyzing a country’s trade potential and bilateral trade. This \u0000study applied the gravity model with geographical and financial variables. \u0000Moreover, it offers a new empirical perspective to indicate that these \u0000variables have analytical power to explain several factors that influence the \u0000cross-country trade flows; this research explores the relationship of Egyptian \u0000exports to 36 global trading partners across annual data covering a period from 2000 to \u00002018. In its random effect model of the panel data, the gravity model results \u0000showed that the main factors influencing the Egyptian bilateral trade are \u0000Egypt’s gross domestic product, importer’s gross domestic product, the border \u0000factor, and the distance between Egypt to the main trading partners. Some variables have a positive \u0000coefficient, like population, trade openness rate, and regional trade \u0000agreements, but they are insignificant for the Egyptian bilateral trade. The language \u0000factor is negative and insignificant to Egypt’s trade. These findings will \u0000enable Egypt’s government, policymakers, and traders to make suitable decisions \u0000to develop the influential role of Egypt’s international trade.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125205651","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 study aim was to identify factors that lead to money laundering in the real estate sector based on the Financial Action Task Force Standards. A descriptive cross-sectional study was conducted and both quantitative and qualitative data were collected to better understand the money laundering in the real estate sector in a bid to address the factors that lead to money laundering. Simple random sampling and purposive sampling were used in this research. SPSS was used to analyse the quantitative data and the qualitative data was transcribed and analyzed based on the recurring themes. The study results are that effective AML in the real estate sector relies on the AML training and effective Internal Controls by real estate agents. The results presented a p-value of 0.008 which was less than 0.05. This indicated that the model was statistically significant in explaining the impact of the independent variables on the effectiveness of AML in the real estate sector in Zambia.
{"title":"Factors That Lead to Money Laundering in the Real Estate Sector Based on the Financial Action Task Force Standards","authors":"Dennis Chisenga, J. Phiri","doi":"10.4236/OJBM.2021.91020","DOIUrl":"https://doi.org/10.4236/OJBM.2021.91020","url":null,"abstract":"The study \u0000aim was to identify factors that lead to money laundering in the real estate \u0000sector based on the Financial Action Task Force Standards. A descriptive \u0000cross-sectional study was conducted and both quantitative and qualitative data \u0000were collected to better \u0000understand the money laundering in the real estate sector in a bid to address \u0000the factors that lead to money laundering. Simple random sampling and purposive \u0000sampling were used in this research. SPSS was used to analyse the quantitative \u0000data and the qualitative data was transcribed and analyzed based on the \u0000recurring themes. The study results are that effective AML in the real estate \u0000sector relies on the AML training and effective Internal Controls by real estate agents. The \u0000results presented a p-value of 0.008 \u0000which was less than 0.05. This indicated that the model was statistically \u0000significant in explaining the impact of the independent variables on the \u0000effectiveness of AML in the real estate sector in Zambia.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130918082","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 resultant disgusting effect related to failure to produce environmental friendly tailing slurry, call for developing a good management plan for tailing slurry production of the newly introduce dry tailing machine at the Gold Processing Plant of Pakay Gold Company Ghana Limited. Hence, the tailing slurry management plan consists of documented steps put together to enhance the discharge of environmentally acceptable tailing product for further monitoring and usage. The nonexistence of a plan for managing input (40% solid slurry) and output (product) of the tailing filtration plant (dry tailing machine) at Pakay Gold Company is a recipe for systemic disaster which points to the potential of legislative litigation with production and revenue shortfalls. This points out the need for this paper’s assessment of plant slurry threats or opportunities, sets an objective for management plan, develops premises and identifies alternatives of the tailing slurry input and product to enhance the development of a plan for managing the dry tailing machine. Furthermore, additional management plan steps that followed were examination and selection of alternative action plan for environmental toxic prevention model. Moreover, plan for implementation as well as supporting plans and review measures were done to eliminate any future legislative agencies litigation. The aim of this paper is to provide tailing slurry management plan that will ensure the eradication of any potential adverse environmental effect and litigation phenomenon that may be associated with the products of the tailing slurry filtration plant.
{"title":"Management Plan for Tailing Slurry at Gold Processing Plant: Case Study Pakay Gold Company Limited","authors":"J. Obiri-Yeboah","doi":"10.4236/OJBM.2021.91017","DOIUrl":"https://doi.org/10.4236/OJBM.2021.91017","url":null,"abstract":"The resultant disgusting effect related to failure to produce \u0000environmental friendly tailing slurry, call for developing a good management \u0000plan for tailing slurry production of the newly introduce dry tailing machine \u0000at the Gold Processing Plant of Pakay Gold Company Ghana Limited. Hence, the tailing slurry \u0000management plan consists of documented steps put together to enhance the \u0000discharge of environmentally acceptable tailing product for further monitoring \u0000and usage. The nonexistence of a plan for managing input (40% solid slurry) and \u0000output (product) of the tailing filtration plant (dry tailing machine) at Pakay \u0000Gold Company is a recipe for systemic disaster which points to the potential of \u0000legislative litigation with production and revenue shortfalls. This points out the need for this \u0000paper’s assessment of plant slurry threats or opportunities, sets an objective for management plan, develops premises and identifies alternatives of the tailing \u0000slurry input and product to enhance the development of a plan for managing the \u0000dry tailing machine. Furthermore, additional management plan steps that \u0000followed were examination and selection of alternative action plan for \u0000environmental toxic prevention model. Moreover, plan for implementation as well \u0000as supporting plans and review measures were done to eliminate any future \u0000legislative agencies litigation. The aim of this paper is to provide tailing \u0000slurry management plan that will ensure the eradication of any potential \u0000adverse environmental effect and litigation phenomenon that may be associated \u0000with the products of the tailing slurry filtration plant.","PeriodicalId":411102,"journal":{"name":"Open Journal of Business and Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116258792","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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