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FAMILY BUSINESS RESILIENCE IN CRISIS: STUDY CASE ANALYSIS IN A COLLECTIVIST SOCIETY 危机中的家族企业复原力:集体主义社会中的案例分析
Pub Date : 2024-06-12 DOI: 10.3846/btp.2024.19633
K. Kussudyarsana, Muhammad Halim Maimun, Huda Kurnia Maulana, Munajat Tri Nugroho, Budi Santoso
In an era marked by persistent challenges and uncertainties, gaining insights into how family businesses navigate crises becomes imperative. While previous research has delved into the resilience of family firms, there is a notable absence of a comprehensive exploration into how inherent traits in family businesses, particularly within collectivist societies, contribute to their resilience during crises. This study aims to fill this gap and elucidate the distinctive dynamics and behaviours exhibited by family businesses in such cultural contexts. Utilising qualitative case studies and interviews, this research delves into nuanced insights into the dynamic approaches employed by these businesses. The family firms demonstrated adaptability by adjusting their operations and leveraged human resources by seeking support from family members. Additionally, they showcased creativity in enhancing market offerings. The study also reveals unique behaviours, particularly resilience through collaboration with competitors. This research makes an academic contribution by offering insights into the behaviour of family businesses within collectivist cultural contexts during crises. From a practical standpoint, it informs the development of tailored crisis management strategies for family business owners and policymakers, underscoring the significance of collaboration among competitors. The study emphasizes avenues for fostering innovative approaches, promoting resilience, and ensuring sustainability within the ever-evolving business landscape. Furthermore, it establishes a foundation for future explorations, urging further investigation into crisis adaptation strategies tailored to the cultural contexts in which family businesses are situated.
在这个以持续挑战和不确定性为特征的时代,深入了解家族企业如何应对危机已成为当务之急。虽然以往的研究已经深入探讨了家族企业的抗危机能力,但对于家族企业(尤其是集体主义社会中的家族企业)的固有特征如何促进其在危机中的抗危机能力,却明显缺乏全面的探讨。本研究旨在填补这一空白,阐明家族企业在这种文化背景下表现出的独特动力和行为。通过定性案例研究和访谈,本研究深入探讨了这些企业所采用的动态方法。这些家族企业通过调整业务来展示其适应性,并通过寻求家族成员的支持来充分利用人力资源。此外,它们还在增强市场产品方面展示了创造力。这项研究还揭示了家族企业的独特行为,尤其是通过与竞争对手合作实现的应变能力。这项研究为集体主义文化背景下的家族企业在危机中的行为提供了见解,从而做出了学术贡献。从实践的角度来看,它为家族企业主和决策者制定有针对性的危机管理策略提供了信息,强调了竞争对手之间合作的重要性。本研究强调了在不断变化的商业环境中培养创新方法、提高应变能力和确保可持续性的途径。此外,它还为未来的探索奠定了基础,敦促进一步研究针对家族企业所处文化背景的危机适应战略。
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引用次数: 0
DYNAMIC CAPABILITIES AND PERFORMANCE OF FAMILY BUSINESSES IN EMERGING ECONOMIES 新兴经济体家族企业的动态能力和绩效
Pub Date : 2024-05-17 DOI: 10.3846/btp.2024.20069
Gina Rossignoli Cevallos, Daniel Guevara Sánchez
Dynamic capabilities analyze the sources and methods of better performance and wealth creation and capture by firms operating in environments of rapid technological changes. Based on this, The objective of this research was to analyze the relationship between absorptive, adaptive, and innovation capabilities on financial and non-financial performance of family businesses was analyzed in the context of emerging economies, a relationship that has not been analyzed in this context. Through the application of structural equation modeling in a sample of 235 family businesses of agricultural supplies and machinery, located in the G46 and G47 categories of the International Standard Industrial Classification – ISIC, the results allowed us to identify that absorptive capability has a positive influence on financial performance, while innovation capability has a positive influence on no-financial performance. No evidence was found that other capabilities were related to the performance of the organizations analyzed. In addition, it was shown that the size of the companies does not generate any moderating effect in the relationship between these variables. This study contributes to dynamic capabilities theory by exploring how absorptive and innovative capabilities influence financial and non-financial performance in a specific and underexplored context: family businesses in emerging economies. Furthermore, the importance of developing and enhancing absorptive and innovation capabilities is highlighted. This could lead to the implementation of training programs, investment in R&D, and adoption of knowledge management practices.
动态能力分析了在快速技术变革环境中运营的企业创造和获取更好绩效和财富的来源和方法。基于此,本研究的目的是在新兴经济体背景下分析吸收能力、适应能力和创新能力与家族企业财务和非财务绩效之间的关系。通过对国际标准行业分类(ISIC)G46 和 G47 类别中 235 个农业用品和机械家族企业样本进行结构方程建模,我们发现吸收能力对财务绩效有积极影响,而创新能力对非财务绩效有积极影响。没有证据表明其他能力与所分析组织的绩效有关。此外,研究还表明,公司规模对这些变量之间的关系没有产生任何调节作用。本研究通过探讨吸收能力和创新能力如何影响新兴经济体家族企业这一特定且未得到充分探索的背景下的财务和非财务绩效,为动态能力理论做出了贡献。此外,研究还强调了发展和提高吸收能力和创新能力的重要性。这可能会导致培训计划的实施、研发投资以及知识管理实践的采用。
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引用次数: 0
PREEMPTIVE MARKET EXPLOITABILITY: RESOURCE ADVANTAGE THEORY OF COMPETITION PERSPECTIVE 先发制人的市场开发能力:竞争视角下的资源优势理论
Pub Date : 2024-05-06 DOI: 10.3846/btp.2024.18627
Tumpal Pangihutan Situmorang, A. Ferdinand, Farida Indriani
The current study aims to elucidate the critical importance of preemptive market exploitability as a bridging concept for solving the inconsistent findings on the role of entrepreneurial orientation in enhanced marketing performance. Rooted on the resource advantage theory of competition (RAToC), the preemptive move is postulated as a strategic orientation for reaching a competitive positional advantage in the market when supported by a strong entrepreneurial orientation complemented with a solid quality-based differentiation. A survey method was used to collect data after inviting four hundred owner-managers of small and medium enterprises (SMEs) to participate in this study. The structural equation modelling software AMOS tested our proposed hypotheses. The quantitative analysis resulted in accepting the proposed premises with several significant findings. The most important finding is that companies should invest in preemptive market exploitability as a strategic asset for high marketing performance.
本研究旨在阐明先发制人的市场开拓能力作为一个桥梁概念的极端重要性,以解决创业导向在提高营销业绩方面作用的研究结果不一致的问题。以竞争资源优势理论(RAToC)为基础,先发制人被假定为一种战略导向,在强有力的创业导向支持下,辅以稳固的基于质量的差异化,就能在市场中获得竞争地位优势。本研究采用调查法收集数据,邀请了四百名中小型企业(SMEs)的所有者-管理者参与其中。结构方程模型软件 AMOS 检验了我们提出的假设。定量分析的结果是,我们接受了所提出的前提,并得出了几项重要结论。最重要的发现是,企业应投资于先发制人的市场开发能力,将其作为实现高营销绩效的战略资产。
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引用次数: 0
SOME FACTORS AFFECTING FINANCIAL DISTRESS IN TELECOMMUNICATION COMPANIES IN SOUTHEAST ASIA 影响东南亚电信公司财务困境的若干因素
Pub Date : 2024-03-27 DOI: 10.3846/btp.2024.20018
F. T. Kristanti, Sekarayu Pancawitri
People who have lost their jobs are affected by the Covid-19 epidemic, which lowers demand and prevents them from updating daily used internet services. A company’s deteriorating financial health may be a warning indication of impending financial trouble. With company size serving as a moderating variable, the purpose of this study is to ascertain the impact of earnings management, corporate strategy, the board of directors, and debt asset ratio on financial distress. Ten telecoms businesses in Southeast Asia were the result of the purposive sampling technique from 2013 to 2022. Both logistic regression and moderated regression analysis are used in this study. These findings show how financial hardship simultaneously affects management of earnings, corporate strategy, the board of directors, and the debt asset ratio. However, financial distress is partially impacted negatively by the factors debt asset ratio, board of directors, and earnings management. The business strategy variable is now untouched by financial difficulties. Financial distress is not significantly impacted by company size, which moderating the debt asset ratio from the regression analysis.
失业者受到 Covid-19 流行病的影响,需求减少,无法更新日常使用的互联网服务。公司财务健康状况的恶化可能是即将出现财务问题的警示信号。以公司规模作为调节变量,本研究旨在确定收益管理、公司战略、董事会和债务资产比率对财务困境的影响。本研究采用目的性抽样技术,选取了 2013 年至 2022 年东南亚地区的 10 家电信企业作为研究对象。本研究采用了逻辑回归和调节回归分析。研究结果表明,财务困境会同时影响收益管理、企业战略、董事会和债务资产比率。然而,财务困境部分受到债务资产比率、董事会和收益管理因素的负面影响。企业战略变量目前没有受到财务困境的影响。公司规模对财务困境的影响不大,而债务资产比率则对回归分析起到了调节作用。
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引用次数: 0
MAPPING OF ORGANIZATIONAL DEMOCRACY: A BIBLIOMETRIC STUDY 组织民主地图:文献计量学研究
Pub Date : 2024-03-20 DOI: 10.3846/btp.2024.20195
Oğuzhan Kodalak, Meral Erdirençelebi, Abdullah Zübeyr Akman
Social, economic and political developments in the globalising world have necessitated a re-examination of the concept of democracy. The concept of organisational democracy is a process that expresses the inclusion of individuals in the management processes of organisations and allows freedom of expression in organisations. In this study, it is aimed to reveal at which stage the concept of organisational democracy is included in the international literature. In this context, it is desired to evaluate the development stages of the concept in terms of literature and to set an example for future studies by filling the gaps in the literature. In line with the main purpose, 99 publications related to the concept of “organisational democracy” between 1990 and 2023 in the Scopus database were analysed using R Studio and VOSviewer softwares. The analyses were evaluated by considering the studies conducted in the fields of “Social Sciences”, “Business, Management and Accounting” between 1990 and 2023. The concept of organisational democracy is often associated with concepts such as participation, hierarchy, employee participation organizational culture, organizational commitment and communication. As a result, it has been determined that organisational democracy plays a role in the satisfaction of internal stakeholders.
全球化世界的社会、经济和政治发展要求我们重新审视民主的概念。组织民主的概念是一个过程,它表达了组织管理过程中对个人的包容,并允许组织中的言论自由。本研究旨在揭示国际文献中的组织民主概念处于哪个阶段。在此背景下,我们希望从文献角度对这一概念的发展阶段进行评估,并通过填补文献空白为今后的研究树立榜样。根据主要目的,我们使用 R Studio 和 VOSviewer 软件分析了 Scopus 数据库中 1990 年至 2023 年间与 "组织民主 "概念相关的 99 篇出版物。通过考虑 1990 年至 2023 年期间在 "社会科学"、"商业、管理和会计 "领域开展的研究,对分析结果进行了评估。组织民主的概念通常与参与、等级制度、员工参与组织文化、组织承诺和沟通等概念相关联。因此,已确定组织民主在内部利益相关者的满意度方面发挥作用。
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引用次数: 0
THE IMPACT OF MARKET ORIENTATION ON MARKETING PERFORMANCE: EXPLORING THE MODERATING ROLE OF COMPETITIVE ADVANTAGE 市场导向对营销绩效的影响:探索竞争优势的调节作用
Pub Date : 2024-03-18 DOI: 10.3846/btp.2024.20174
Dahmiri Dahmiri, Junaidi Junaidi, Johannes Johannes, Syahmardi Yacob, Sigit Indrawijaya
This research analyses the influence of market orientation and competitive advantage on MSMEs’ marketing performance, with competitive advantage as a moderating variable. The research methodology employs path analysis using Smart PLS software version 4.0 and involves 397 MSME owners in Jambi City, Jambi Province, Indonesia. The analysis results indicate that market orientation and competitive advantage significantly influence MSME marketing performance. Additionally, competitive advantage moderates, strengthening the relationship between market orientation and marketing performance. These findings have practical implications for MSME owners, suggesting that focusing on developing market orientation and competitive advantage can enhance their marketing performance. Furthermore, this study contributes to the theoretical understanding of factors influencing MSMEs marketing performance and encourages further research on elements that most impact competitive advantage. It also provides recommendations for policymakers to support enhancing MSME marketing performance through various supportive policies. However, this research has limitations, such as the lack of specific elements of market orientation with significant impacts and a need to better understand the moderation mechanism between market orientation and marketing performance through competitive advantage, which could be subjects of future research.
本研究以竞争优势为调节变量,分析了市场导向和竞争优势对中小微企业营销绩效的影响。研究方法采用 Smart PLS 软件 4.0 版进行路径分析,涉及印度尼西亚占碑省占碑市的 397 家中小微企业主。分析结果表明,市场导向和竞争优势对微小中型企业的营销绩效有重大影响。此外,竞争优势还能调节、加强市场导向与营销绩效之间的关系。这些发现对中小微企业主具有实际意义,表明专注于发展市场导向和竞争优势可以提高他们的营销绩效。此外,本研究有助于从理论上理解影响中小微企业营销绩效的因素,并鼓励进一步研究对竞争优势影响最大的要素。本研究还为政策制定者提供了建议,以通过各种扶持政策支持提高中小微企业的营销绩效。然而,本研究也存在局限性,如缺乏对市场导向有重大影响的具体要素,以及需要更好地理解市场导向与通过竞争优势提高营销绩效之间的调节机制,这些都可能成为未来研究的主题。
{"title":"THE IMPACT OF MARKET ORIENTATION ON MARKETING PERFORMANCE: EXPLORING THE MODERATING ROLE OF COMPETITIVE ADVANTAGE","authors":"Dahmiri Dahmiri, Junaidi Junaidi, Johannes Johannes, Syahmardi Yacob, Sigit Indrawijaya","doi":"10.3846/btp.2024.20174","DOIUrl":"https://doi.org/10.3846/btp.2024.20174","url":null,"abstract":"This research analyses the influence of market orientation and competitive advantage on MSMEs’ marketing performance, with competitive advantage as a moderating variable. The research methodology employs path analysis using Smart PLS software version 4.0 and involves 397 MSME owners in Jambi City, Jambi Province, Indonesia. The analysis results indicate that market orientation and competitive advantage significantly influence MSME marketing performance. Additionally, competitive advantage moderates, strengthening the relationship between market orientation and marketing performance. These findings have practical implications for MSME owners, suggesting that focusing on developing market orientation and competitive advantage can enhance their marketing performance. Furthermore, this study contributes to the theoretical understanding of factors influencing MSMEs marketing performance and encourages further research on elements that most impact competitive advantage. It also provides recommendations for policymakers to support enhancing MSME marketing performance through various supportive policies. However, this research has limitations, such as the lack of specific elements of market orientation with significant impacts and a need to better understand the moderation mechanism between market orientation and marketing performance through competitive advantage, which could be subjects of future research.","PeriodicalId":504116,"journal":{"name":"Business: Theory and Practice","volume":"244 4‐5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140233683","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}
引用次数: 0
INTERACTIVE ROLE OF STRATEGIC CLARITY IN THE RELATIONSHIP BETWEEN ORGANIZATIONAL CONFLICT MANAGEMENT AND STRATEGIC DECISION QUALITY 战略清晰度在组织冲突管理与战略决策质量关系中的互动作用
Pub Date : 2024-03-14 DOI: 10.3846/btp.2024.20083
Asahaq Naser Hussain, Ali Hussein Olaywi, Ahmed Abdullah Amanah, Alaa Hussein Fadhil
Different supervision methods usually lead to internal organizational conflicts, especially in a multi-unit organization, such as The Iraqi Ministry of Interior (IMI). In this regard, Successful organizational conflict management (OCM) is fundamentally associated with Strategic Clarity (SC) in addressing such conflicts which is also linked to the Strategic Decision Quality (SDQ). However, the complexity of the abovementioned variables is understudied especially in the governmental security-service sectors. The present study provides a comprehensive analysis of the relationships between OCM, SC and SDQ in the IMI. A questionnaire, prepared for measuring the interactive role of SC in the relationship between OCM and the SDQ, was distributed among leaders and managers of that ministry. It was evident that SC significantly enhances the relationship between OCM and SDQ in the ministry, registering a substantial interactive effect of 0.25. The study concluded that the dimensions of SC amplify the strategic connection between OCM and the high-quality SDQ made by administrative leaders in the ministry. This emphasizes the need for further integration and activation of SC as part of the strategic vision, particularly in security challenges.
不同的监督方法通常会导致组织内部冲突,尤其是在伊拉克内政部(IMI)这样的多单位组织中。在这方面,成功的组织冲突管理(OCM)从根本上说与解决此类冲突的战略清晰度(SC)有关,而战略清晰度又与战略决策质量(SDQ)相关。然而,对上述变量的复杂性研究不足,尤其是在政府安保服务部门。本研究全面分析了 IMI 中的 OCM、SC 和 SDQ 之间的关系。为测量 SC 在 OCM 与 SDQ 关系中的互动作用而编制的调查问卷已分发给该部的领导和管理人员。结果表明,自然科学极大地促进了该部的业务内容管理与 SDQ 之间的关系,互动效应高达 0.25。研究得出的结论是,SC 的各个维度扩大了部委行政领导者所做的组织管理与高质量 SDQ 之间的战略联系。这强调了进一步整合和激活自然科学的必要性,将其作为战略愿景的一部分,特别是在安全挑战方面。
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引用次数: 0
ASSESSING THE IMPACT OF ARCHITECTURE EFFICIENCY ON THE BUSINESS MODEL COMPETITIVENESS 评估架构效率对商业模式竞争力的影响
Pub Date : 2024-03-14 DOI: 10.3846/btp.2024.16319
Anastasiia Bortnik, José Moleiro Martins, Mário Nuno Mata, K. Boichenko, Rui D. Dantas
The purpose of this research is to develop a methodological approach to assessing the impact of the architecture effectiveness of the enterprise business model on the level of its competitiveness. The study methodology suggests the author’s approach to assessing the architecture effectiveness and the level of enterprise competitiveness. The scenario approach was used in order to the evaluate the connection between competitiveness, business model potential and enterprise architecture based on the economic-mathematical method of solving the nonlinear optimization problem through the use of hierarchical synthesis. The study was conducted according to the materials from 15 private clinics in Ukraine. The analysis of the obtained indices of architecture efficiency, competitiveness and potential level of the business model of the private clinics under study was carried out. It is determined that the level and growth rates of the enterprise architecture efficiency of private clinics have significant distinctions, which affect the level of their competitiveness. A group of leading companies in terms of the level of business model potential is singled out based on the definition of the correlation between the level of business model potential and the enterprise architecture efficiency. It is established that the level of business model potential of private clinics is substantially dependent on the level of enterprise architecture efficiency. It is proved that the efficiency of enterprise architecture has a significant influence on the potential and competitiveness of the business model. The novelty of the study consists in the methodological approach to assessing the impact of business model architecture on the level of its competitiveness, taking into consideration the identification of functional rather than strictly parametric correlation between variables. This research can be useful for professionals, scientists and researchers involved in developing and implementing effective business models and designing the enterprise architecture in order to achieve the company’s strategic intentions and to create and maintain competitive market positions.
本研究的目的是制定一种方法论,以评估企业业务模式的架构有效性对其竞争力水平的影响。研究方法提出了作者评估架构有效性和企业竞争力水平的方法。为了评估竞争力、商业模式潜力和企业架构之间的联系,采用了基于经济数学方法的情景假设法,通过使用分层综合法解决非线性优化问题。研究根据乌克兰 15 家私人诊所的材料进行。对研究中的私营诊所的建筑效率、竞争力和商业模式潜力水平的指数进行了分析。结果表明,私立诊所的企业架构效率水平和增长率有显著差异,这影响了其竞争力水平。根据商业模式潜力水平与企业架构效率之间的相关性定义,选出了一批商业模式潜力水平领先的企业。研究证实,私营诊所的商业模式潜力水平在很大程度上取决于企业架构效率水平。事实证明,企业架构效率对商业模式的潜力和竞争力有重大影响。本研究的新颖之处在于采用了评估商业模式架构对其竞争力水平的影响的方法论,同时考虑到了变量之间的功能性而非严格的参数相关性。这项研究对参与开发和实施有效商业模式以及设计企业架构的专业人士、科学家和研究人员很有帮助,从而实现公司的战略意图,创造并保持有竞争力的市场地位。
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引用次数: 0
UNEMPLOYMENT IN THE REGIONAL CONTEXT IN LATVIA 拉脱维亚地区的失业情况
Pub Date : 2024-03-14 DOI: 10.3846/btp.2024.20301
Vera Hohlova
This paper sets out a methodological framework for identifying and mitigating unemployment problems in different regions. The study is based on the 2020 and 2023 Latvian Unemployment Surveys. The study includes a comprehensive review of the relevant scientific literature, policy and regulatory frameworks, the development of a multilevel research methodology and tools, an analysis of the research results, in-depth discussions of the identified problems in the context of existing scientific knowledge, and a set of key conclusions and proposed measures to address these problems. By structuring the paper in this way, it offers a holistic and systematic approach to understanding and addressing regional unemployment problems. The study contributes to the ongoing dialogue on regional economic disparities and highlights opportunities for more inclusive, sustainable and equitable labour markets.
本文提出了一个方法框架,用于识别和缓解不同地区的失业问题。研究以 2020 年和 2023 年拉脱维亚失业调查为基础。研究包括对相关科学文献、政策和监管框架的全面回顾,多层次研究方法和工具的开发,研究结果的分析,在现有科学知识背景下对已发现问题的深入讨论,以及一系列关键结论和解决这些问题的拟议措施。通过这样的结构安排,本文为理解和解决地区失业问题提供了一个整体和系统的方法。这项研究有助于正在进行的关于地区经济差异的对话,并突出了更具包容性、可持续和公平的劳动力市场的机会。
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引用次数: 0
THE IMPACT OF ONLINE LEARNING ON BUSINESS AND ECONOMICS STUDENTS’ MOTIVATION DURING THE COVID-19 PANDEMIC 科维德-19 大流行病期间在线学习对商业和经济学学生学习动机的影响
Pub Date : 2024-03-08 DOI: 10.3846/btp.2024.17207
Maria João Machado, Ana Brasão, Maria Isabel Marques, Helena Martins, Américo Mateus
This study aims to contribute to the knowledge about the impact of online education, induced by the Covid-19 pandemic, on the motivation of business and economics students. A survey was conducted with students from three higher education institutions located in Portugal, during the first semester of 2021, and 221 valid answers were obtained. The main contributions are as follows: online learning in the wake of the Covid-19 pandemic decreased students’ motivation, which is contrary to studies on online learning conducted before the pandemic; an association was found between decreased motivation and sharing housing with pets and many people, for which there was no empirical evidence yet; two main determinants of the learning experience that influence students’ motivation were identified, namely decreased learning and increased difficulty of the assessment process.
本研究旨在帮助人们了解由 Covid-19 大流行病引发的在线教育对商业和经济学学生学习动机的影响。在 2021 年第一学期,对葡萄牙三所高等教育机构的学生进行了调查,获得了 221 份有效答案。主要成果如下:Covid-19 大流行后,在线学习降低了学生的学习积极性,这与大流行前进行的在线学习研究相反;发现学习积极性降低与与宠物和许多人合住之间存在关联,而这一点尚无实证证据;确定了影响学生学习积极性的学习体验的两个主要决定因素,即学习积极性降低和评估过程难度增加。
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引用次数: 0
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Business: Theory and Practice
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