Importance of Practical Business Strategies for Independent Quick Service Restaurants to Sustain Beyond Five Years | Chapter 7 | An Overview on Business, Management and Economics Research Vol. 8

 Aims: To explore strategies that independent quick-service restaurant owners use to sustain business beyond the first 5 years.

 

Study Design: Qualitative multiple case study design was used in this study.

 

Place and Duration of Study: Data were collected from semi- structured interviews with 6 owners of independent quick-service restaurants in Little Rock, Arkansas, who sustained their business beyond the first 5 years and from the review of business documents concerning sustainability. The study was conducted between January 2019 to May 2019.

 

Methodology: A qualitative re-search design was used to explore the narrative experiences, and contemporary experiences and the culture of independent quick-service restaurant owners. Second, re-searchers conducted semi-structured interviews to collect data from the independent quick-service restaurant owners Finally, a thematic analysis was conducted to organize data from the interviews and make a conclusion from the collected data regarding.

 

Results: The findings of the study identified 6 emerging themes: organization value, customer required excellence, financial perspective, human assets, physical operating materials, and technological prowess. These 6 emerging themes contributed significantly to the success of the business practice by 1) providing a guide for operating an independent quick-service restaurant with limited resources, 2), determining whether internal resources are heterogeneous and immobile, 3) evaluating internal re-sources to determine their competitive advantage, and 4) leverage internal re-sources to achieve optimal outcomes.

 

Conclusion: The implications for positive social change include the potential to support the welfare of the citizens in Little Rock, Arkansas, and owners of quick-service restaurants across the United States by providing them with the strategies necessary to increase their survival rate, improve job sustainability, and encourage job creation. The successful owners of independent quick-service restaurants knew how to respond to challenges; they knew how to leverage their limited internal resources using informal strategies to create sustained competitive advantage.

Author(s) Details:

Mario D. Wallace,
Walden University, Minneapolis, USA.

Please see the link here: https://stm.bookpi.org/AOBMER-V8/article/view/13280

The Effect of Financial Drivers on Product and Geographic Diversification for Listed and Unlisted Firms | Chapter 08 | New Innovations in Economics, Business and Management Vol. 4

 This research explores whether product and geographic diversification decisions are explained by free cash flow arguments or internal capital market perspectives. The findings indicate, as a net effect, the dominant role of internal capital market considerations, notably significant for the choice to diversify unconnected and unlisted enterprises, using a unique panel of hand-collected data from Italian firms (listed and unlisted) during the period 1980-2010.

Author(S) Details

Maurizio La Rocca
University of Calabria, Dip.to di Scienze Aziendali e Giuridiche, Cubo 3-C, Ponte P. Bucci, 87036 Rende, Cosenza, Italy.

Tiziana La Rocca
Università di Messina, Dip.to di Economia, Piazza Pugliese, 98122, Messina, Italy.

Francesco Fasano
University of Calabria, Dip.to di Scienze Aziendali e Giuridiche, Cubo 3-C, Ponte P. Bucci, 87036 Rende, Cosenza, Italy.


View Book:- https://stm.bookpi.org/NIEBM-V4/article/view/5335

Study about Income Diversification: An Approach to Farm Family Household in Different Agro-climatic Zone of J&K, UT | Chapter 6 | New Visions in Science and Technology Vol. 8

 Households can diversify their portfolios as an alternate method to reduce income variability and ensure a minimum level of income. The study included multi-stage sampling, binary logistic regression, and a logit regression methodology. In the year 2016-17, the study was carried out in Jammu & Kashmir State (Union Territory), with a total sample size of 630 farming families selected from four agro-ecological zones. 15 farming households were taken at random from each of the designated villages, with no replacements, and only 10 farm families were kept for analysis. From the total sample size of 630, the mean age of farming families in the sub-tropical, intermediate, temperature, and cold-arid zones was 53, 50, 47, and 51 years, respectively, and the educational level of middle pass was 24.40 percent. The majority of households (78.40%) did not diversify their off-farm activities, while the very few households (1.90%) had a high level of income diversification from off-farm activities. The average gross revenue from on-farm operations was Rs. 77,623 per year, whereas the average gross income from off-farm activities was Rs. 1,17,643 per year. The push factors that drove agricultural family families to diversify into other activities were education, family size, and fragmented land holdings. According to the study, there is a need to promote education and skill development training among farm family families, as this will undoubtedly improve their ability to diversify their various sources of income.

Author(S) Details

Parvani Rekhi
MS Swaminathan, School of Agriculture, Shoolini University, India.

View Book:- https://stm.bookpi.org/NVST-V8/article/view/4833

Determinants of Spatial Land Use Strategy for Transformation of Land towards Sustainable Development in Kenya | New Visions in Science and Technology Vol. 5

 Various land use techniques have been implemented around the world to regulate activity on, under, and above land. However, the pressures placed on land as a result of human and climate change effects have been identified as contributing to land use imbalances. The goal of a spatial land use strategy is to encourage internal linkages within key sectors of the economy while minimising impediments that obstruct outward orientations. With a focus on Vihiga County in Western Kenya, this article investigated the impact of Spatial Land Use Management Strategy as a tool for transformation towards sustainable development. Assessing the current Spatial Land Use activities on sustainable livelihood, investigating the determinants of Spatial Land Use Strategy in Vihiga County, evaluating the influence of Spatial Land Use Strategy on sustainable livelihood, and analysing the effects of the challenges attributed to various land use activities on sustainable livelihood were among the study's objectives. The approach revealed that the geophysical, social, economic, and political elements were recognised as important factors of the strategy's applicability, despite the fact that agriculture and commerce were the most common land uses. Furthermore, the factors and datasets can be combined to create effective and holistic spatial land use scenarios that can serve as the foundation for a paradigm change in planning and achieving sustainable development.

Author (S) Details

Bonface E. Ekabten

County Government of Vihiga, Box 344-50300, Maragoli, Kenya

Leonard S. Mulongo

Department of Development Studies, Moi University, Box 3900 Eldoret, Kenya.

Peter O. Isaboke

Department of Development Studies, Moi University, Box 3900 Eldoret, Kenya.

 

View Book :- https://stm.bookpi.org/NVST-V5/article/view/4095

Cause and Effect of Livelihood Diversification on Cocoa Production in Papua New Guinea: A Case Study | Chapter 2 | Cutting-edge Research in Agricultural Sciences Vol. 11

 Cocoa is Papua New Guinea's (PNG) most important cash crop. Despite significant government investment, productivity remains below capacity due to the government's emphasis on technological research, development, and extension (RD&E). The purpose of this study was to see how livelihood diversification affected cocoa production in specific areas of PNG's Morobe and East New Britain provinces. The specific goal was to see if farmers' livelihood diversification activities influenced cocoa production in the study areas. The impact of livelihood diversity on cocoa production A cross-sectional descriptive analysis involving semistructured interviews and discussions in the form of phenomenological reflection was conducted in the selected provinces. The data was analyzed using the NVivo software. The key causes of farmer participation in diversified livelihood activities were discovered to be land scarcity, land tenure, risk minimization, cultural influences, farming system patterns, opportunities, comparative advantage, and the impact of modern changes. The primary motivation for diversifying livelihood practices was to expand a household's income portfolio. improve their social standing As a result, smallholder farmers do not devote their full attention to cocoa production, despite its high value.

Author (s) Details

Assistant Professor William Kerua
Department of Agribusiness and Extension, College of Agriculture, Fisheries, and Forestry, Fiji National University, Suva, Fiji, Guinea.

View Book :- https://stm.bookpi.org/CRAS-V11/article/view/1961

Risks of Entrepreneurial Activity in the Direction of Formation of Market Integration Portfolio of the Diversification Strategy | Chapter 8 | Advanced Aspects of Engineering Research Vol. 10

 The article defines "entrepreneurial risk" as a critical component of effective entrepreneurial operations as well as a key component of management theory and practise. The causal-consequential relationship between the degree of effect of market threats on the output of the enterprise's economic operation is expressed, as is the approach for estimating entrepreneurial activity losses. The concept of "diversification" as an economic mechanism has been demonstrated. Diversification is characterised as one of the strategic alternatives to a company's growth, and it is emphasised as a means of gaining additional economic benefits in the face of a volatile market. The essence of the diversification mechanism, as well as the disadvantages of diversification strategy, are determined. Diversification strategy formation mechanisms are proven. The most important types used in the risk management process focused on the diversification approach are highlighted. The major synergistic impact of two or more companies is highlighted, which aids in resource conservation by lowering costs, combining complementary resources, increasing market weight as focus areas for investment, and conquering new markets. The experience of world leaders in adopting diversification strategies as the guiding force behind the world pharmaceutical industry's unstoppable growth has been examined. Taking into account other countries' experiences, it can be argued that the best outcome in partnership with foreign companies for Ukrainian businesses can be achieved if an effective diversification strategy and a particular cooperation model are properly chosen. The most important aspect of doing so is, first and foremost, making the best possible use of available resources, which are an essential part of modernising growth and increasing the attractiveness of the European Union to investors.

Implementing the proposed conceptual knowledge-resource-market integration portfolio of diversification strategy of business activity, which has the advantage of combining individual knowledge, resource potential, and entrepreneurial capability, will improve the effectiveness of cooperation with foreign partners as the main strategic reference point in the development of national entrepreneurship.

Author (s) Details

Oksana Zghurskaq
Educational and Scientific Institute of Management and Entrepreneurship, State University of Telecommunications, Solomianska Str. 7, 02000, Kyiv, Ukraine

Tetiana Somkina
Educational and Scientific Institute of Management and Entrepreneurship’ The Department of Entrepreneurship, Trade and Stock Exchange, State University of Telecommunications, 02000, Solomianska Str. 7, Kyiv, Ukraine

View Book :- https://stm.bookpi.org/AAER-V10/article/view/757

Investigation on Diversification, Monitoring Effects, and Banking Mergers | Chapter 8 | Insights into Economics and Management Vol. 7

 This study looks at the wealth impact of diversification on banking mergers and acquisitions in the United States. The abnormal returns of each party around the merger announcements are examined after 2,148 domestic US banking M&As announced between 1985 and 2006 are listed based on geographic and operation diversification. The abnormal return is equivalent to the daily real return minus the market model's predicted return. Geographic and operation diversification, I've discovered, appears to reduce the value of bidding firms, as shown by the bidders' negative abnormal returns around the merger announcement, but increases the value of target firms. Banks that are being targeted are divided into private and public corporations. Bidders acquiring private targets have substantially higher cumulative abnormal returns (CARs) than bidders acquiring public targets in stock transactions. CARs measure periodic output and are measured during various event windows encompassed by event days (-n, +n). It supports the private company monitoring theory, which is common in businesses with concentrated ownership. To ensure the business's stable growth and proper positioning, decision-makers can carefully match it and time it. In such a risky industry, regulators should closely track information disclosure, ensure deal transparency, and provide guidance to all parties, especially in the case of diversification.

Author (s) Details

Wenjia Zhang
School of International Economics, China Foreign Affairs University, China.

View Book :- https://stm.bookpi.org/IEAM-V7/article/view/620

Rural Women in Occupational Diversification: A Strategy for Economic Empowerment | Chapter 5 | Cutting-edge Research in Agricultural Sciences Vol. 3

 Rural women in occupational diversification were the subject of the study: a strategy for economic empowerment. In order to be economically motivated since agriculture is rain-fed and seasonal, rural women are engaged in occupational diversification. This is to encourage them to be financially strong in order to take care of their family obligations during off-season periods and maintain household food security. In addition , a number of factors could be related to rural women's diversification into different occupations, namely: overcoming risks of crop failure, seasonality of farming activities, source of additional income, shortage of farm labour, improved transport facilities, expanded family obligations, and proximity to urban markets. Rural women continue to struggle with the dual roles of economic development and domestic labour and, for the most part, face the challenges of poverty , illiteracy, high health risks and sufficient access to productive capital. THE study suggests that government policies and initiatives should encourage the creation of human resources by equipping rural women with the skills required to work in different on-farm and non-farm jobs. It also highlights the need for appropriate policy formulation and implementation that will address the needs of rural women engaged in occupational diversification for economic empowerment.

Author (s) Details

Dr. E. N. Mbah
Department of Agricultural Extension and Communication, Federal University of Agriculture, Makurdi, Nigeria.

E. T. Yanjoh
Department of Agricultural Extension and Management, Akperan Orshi College of Agriculture, Yandev, Benue State, Nigeria.

Dr. Jabil, I. Yerima
Department of Agricultural Economics and Extension, Faculty of Agriculture and AgriculturalTechnology, Abubakar Tafawa Balewa University, Bauchi, Nigeria.

View Book :- https://bp.bookpi.org/index.php/bpi/catalog/book/274