GLOBAL CHALLENGES AFFECTING BUSINESSES IN AN ERA OFSUSTAINABLE DEVELOPMENT

In a world of sustainable development, changes are going very fast, the main target of organizations especially the global and successful ones is to lead the market and increase their market share with a focus on having a long lifespan and sustainable working system both nationally and on the global scale. As such, the major role of managers is to understand and detect the new trends and challenges that influence their organizational sustainability. This should give organizations an opportunity to increase their market share and at same time to protect themselves from threats that may appear from these changes. In this paper we aim to explore those challenges related to sustainable development and analyze their potential impact on business and marketing strategies. Using the case of several organizations, these trends are highlighted and their benefits discussed. The ecological concerns with protecting the ecological systems, the ethical considerations when it comes to production and consumer concerns, globalization, the growing emerging markets, the rise of the sharing economy, accelerating technological trends, mergers and acquisitions, strategic alliances, deregulation and privatization, in addition to changes in business practices (downsizing, outsourcing, offshoring and re-engineering) are all trends that are discussed in this paper. In light of this analysis, organizations must be flexible and ready to adjust to the external environmental changes that have huge impacts on their sustainability. Previous research have shown that the lifespan of organizations decreased due to these major changes of trends, so following and understanding these trends will be a competitive advantage for organizations in Lebanon and the world

The Role of the CIO and the CDO in an Organization’s Digital Transformation

The CIO role often embodies both strategic as well as operational elements. However, the penetration of digital technologies into nearly every aspect of business has led many firms to create the role of a Chief Digital Officer (CDO) to oversee the establishment of digital capabilities in the company. This development has the potential for considerable redundancy between CIO and CDO roles and brings the CIO role to an inflection point. Through multiple interviews with executives of 19 firms, seven of which have a CDO, this paper explores the reasoning behind the CDO role, the need for which is often driven by digitization pressure, demand for organizational orchestration, aspects of the CIO role profile, and the digitization focus areas of the company. Moreover, this paper identifies four distinct CDO role-types (Evangelist, Coordinator, Innovator, and Advocate) and assesses the implications for the CIO role in the context of digital transformation

Digital transformation and business model innovation : a multiple case study of retail chains in Germany

This thesis examines how the digital revolution has affected German grocery stores in particular and the country's retail sector as a whole. This study illuminates the connection between digital transformation and business model innovation in the retail industry using various qualitative research techniques, including expert interviews with Company A and Company B and a thorough literature analysis. The findings draw attention to the enabling elements, which include strong leadership commitment, successful change management, engagement with external partners, availability of resources and competencies, and a customer-centric emphasis. Legacy systems, talent shortages, poor IT infrastructure, and cultural barriers are a few of the reported difficulties. By evaluating these elements, the study offers valuable perceptions and suggestions for retail businesses seeking to negotiate the challenges and take advantage of the advantages of digital transformation and business model innovation. The study adds to the body of knowledge by providing actual data and case studies that deepen the comprehension of how business model innovation in the retail sector interacts with digital transformation. This thesis offers concrete solutions to improve operations and preserve competitiveness in the constantly changing consumer products industry. It is an invaluable resource for retail organizations looking to stimulate business model innovation and drive digital transformation.Esta tese analisa a forma como a revolução digital afectou as mercearias alemãs, em particular, e o sector retalhista do país como um todo. Este estudo ilustra a ligação entre a transformação digital e a inovação do modelo empresarial no sector do retalho, utilizando várias técnicas de investigação qualitativa, incluindo entrevistas a especialistas da Empresa A e da Empresa B e uma análise exaustiva da literatura. As conclusões chamam a atenção para os elementos facilitadores, que incluem um forte empenhamento da liderança, uma gestão da mudança bem sucedida, o envolvimento com parceiros externos, a disponibilidade de recursos e competências e uma ênfase centrada no cliente. Os sistemas herdados, a escassez de talentos, as deficientes infra-estruturas de TI e as barreiras culturais são algumas das dificuldades comunicadas. Ao avaliar estes elementos, o estudo oferece percepções e sugestões valiosas para as empresas de retalho que procuram enfrentar os desafios e tirar partido das vantagens da transformação digital e da inovação do modelo empresarial. O estudo contribui para o corpo de conhecimento ao fornecer dados reais e estudos de caso que aprofundam a compreensão de como a inovação do modelo de negócio no sector do retalho interage com a transformação digital. Esta tese oferece soluções concretas para melhorar as operações e preservar a competitividade na indústria de produtos de consumo em constante mudança. É um recurso inestimável para as organizações de retalho que procuram estimular a inovação do modelo empresarial e impulsionar a transformação digital

Covid-19 crisis: Opportunity for banks to reshape service models and foster digital transformation

The coronavirus situation is causing widespread concern and economic hardship for society, consumers and businesses worldwide. As for entire world, COVD-19 is the most serious challenge to financial institutions in long time. Banks are called upon to manage this new phase with urgency and aptness, to help deflect a worldwide recession. Until recently, majority of banks were focused on empowering both the psychical and digital distribution models. The “new normal” calls for reassessing of priorities and pushes new distribution model where psychical and digital are combined and act as one, with interconnected capabilities. This paper highlights importance of long-term positioning in post covid world, as market forces and customer behavior potentially change coming out of this crisis. In order to manage revenue and customer expectations, new customer-centric and digital based ecosystem should be established, leveraging on the latest technologies, aiming at increasing remote sales and market penetration. Having that in mind, article aims to shed light on key factors important for retail banking success in this “new future”

From Facets to a Universal Definition – An Analysis of IoT Usage in Retail

The term Internet of Things (IoT) is widely used and discussed. However, there is still no scientifically generally valid definition and therefore no uniform understanding of the term in practice. To counteract this, we present a possibility to limit the term with the help of applications in the IoT environment. Specifically, we analyze the use of IoT along the value chain of companies by conducting a structured literature analysis

Striking a Balance Between Physical and Digital Resources

In various configurations—be they academic, archival, county, juvenile, monastic, national, personal, public, reference, or research, the library has been a fixture in human affairs for a long time. Digital — meaning, content or communication that is delivered through the internet, is 20 years old (but younger in parts). Basically, both approaches to organizing serve to structure information for access. However, digital is multiplying very fast and libraries all-round contemplate an existential crisis; the more hopeful librarians fret about physical and digital space. Yet, the crux of the matter is not about physical vs. digital: without doubt, the digital space of content or communication transmogrifies all walks of life and cannot be wished away; but, the physical space of libraries is time-tested, extremely valuable, and can surely offer more than currently meets the eye. Except for entirely virtual libraries, the symbiotic relationship between the physical and the digital is innately powerful: for superior outcomes, it must be recognized, nurtured, and leveraged; striking a balance between physical and digital resources can be accomplished. This paper examines the subject of delivering digital from macro, meso, and micro perspectives: it looks into complexity theory, digital strategy, and digitization

Disruption in Global Food Supply Chain (FSCs) Due to Covid-19 Pandemic and Impact of Digitalization Through Block Chain Technology in FSCs Management

The different pandemics that humanity had experienced, such as the Spanish Flu, Asian Flu, Hong Kong Flu, HIV/AIDS, SARS, Ebola, and Swine Flu,  had a great impact on the global economy, the environment , social lifestyle, agricultural sector,  manufacturing and service industries, hospitality and tourism, education sector, aviation industry etc. Currently, humanity is facing another pandemic, the infection of the new coronavirus known as COVID-19. The objective of this paper is to present a theoretical review of supply chain disruption due to COVID-19 impact, analyze and discuss the effects of this turbulence in global food supply chain management. For the analysis, various contents from published articles, blogs, reports, newspaper publications have been collected. There was sufficient evidence to affirm that the pandemic caused by the COVID-19 has an important effect on global supply chain management process. The purpose of this paper was to highlight the reasons of disruption in global supply chain management especially in food supply chain management. This paper also has depicted the long term impacts of COVID-19 in food supply chain management. By analyzing various documents, few policies and steps were suggested to apply for managing global supply chain management in post pandemic era. Finally it was suggested to implement digitalization in the platform of block chain technology to build-up a robust and sustainable global supply chain management to handle any such situation arise in the future.      Keywords: Supply chain management, COVID-19, Global food supply chain (FSCs), Digitalization, Block chain technology DOI: 10.7176/EJBM/12-17-08 Publication date:June 30th 202

U.S. Telecommunications Today, April 1999

This short essay examines the current conditions in the US telecommunications sector (April 1999). We examine the impact of technological and regulatory change on market structure and business strategy. Among others, we examine the impact on pricing of digitization and the emergence of internet telephony. We briefly examine the impact of the 1996 Telecommunications Act on market structure and strategy in conjunction with the history of regulation and antitrust intervention in the telecommunications sector. After discussing the impact of wireless technologies, we conclude by venturing into some short term predictions. We express concern about the derailment of the implementation of the 1996 Act by the aggressive legal tactics of the entrenched monopolists (the local exchange carriers), and we point to the real danger that the intent of Congress in passing the 1996 Act to promote competition in telecommunications will not be realized. After discussing the impact of wireless technologies, we comment on the wave of mergers in the Telecommunications and cable industries.

Digitization Impact and Challenges on the Music Publishing Practices of the Malaysian Music

The purpose of this study is to investigate the digitization impacts and challenges on the music publishing practices of the Malaysian music industry. This research analyzes how music publishers adapt to the changes in music publishing practices due to digitization. It focuses on the factors that changed the roles of music publishers in the digital era, the impacts and challenges brought by the technological innovation in the Malaysian music industry, and the consequences of the effects and challenges.  Keywords: Music Business; Music Industry; Music Publishing; Music Digitization  eISSN: 2398-4287© 2022. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians/Africans/Arabians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DO

Towards digital globalization and the covid-19 challenge

Digital globalization is a new form of globalization. It brings about relevant changes regarding how business is conducted across borders, the flow of economic benefits, and broadening participation. The growth of data and information related to digital globalization determines that global economic, financial, and social connections increase through digital platforms. Covid-19 is causing a shock to the global economy that is proving to be both faster and more severe than the 2008 global financial crisis. If the current crisis is pushing towards deglobalization, at the same time, Covid-19 represents a challenge for digital globalization and the digital transformation of economies. This research contribution examines the process towards digital globalization that is characterizing the world economy, its impact on businesses, consumers, and governments. It also discusses the challenge that the crisis caused by the coronavirus pandemic is posing to the globalization and digital transformation of economies