rss_2.0Sciendo RSS Feed for Foundations of Managementhttps://sciendo.com/journal/FMANhttps://www.sciendo.comhttps://sciendo-parsed.s3.eu-central-1.amazonaws.com/6471d29c215d2f6c89db1f1c/cover-image.jpghttps://sciendo.com/journal/FMAN140216https://sciendo.com/article/10.2478/fman-2024-0016<abstract> <title style='display:none'>Abstract</title> <p>The application of entrepreneurial marketing (EM) strategies to the sustainability of profit and non-profit making ventures has drawn critics from practitioners and academic domains. Many have argued that EM dimensions are designed for profit marking ventures and not for profit venture. This informed the need to examine the effect of EM on the survival of social enterprises (SEs) in Nigeria. The study selected SEs staff in Anambra State, Nigeria using a quantitative research approach. Data were collected from 387 SE staff using a structured questionnaire. Hypotheses were tested using International Business Machine Statistical Package for the Social Sciences (IBM-SPSS) and International Business Machine -Statistical Package for the Social Sciences - Analysis of Moment Structures (IBM-SPSS-AMOS) version 27 that runs exploratory and confirmatory factor analysis and structural equation modelling (SEM). The findings revealed that all the EM dimensions, except market sensing, have significant and positive effect on the survival of SEs in Nigeria. Therefore, the study concluded that EM has significant effect on the survival of SEs in Anambra State, Nigeria. The study recommended that practitioners should adopt and implement EM dimensions as the basic enablers that would sustain the existence of SEs in both Nigeria and beyond.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00162024-11-18T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0015<abstract> <title style='display:none'>Abstract</title> <p>The effectiveness of organizations and the satisfaction of customers are both significantly improved by providing outstanding quality. To better meet the needs of their consumers, an increasing number of firms are implementing quality improvement programs such as total quality management (TQM). The major objective of this research paper is to examine the effects of TQM components on the efficiency and effectiveness of UAE higher education institutions (HEIs). The association between TQM components and organization performance was investigated using a quantitative research technique based on a survey study design. The partial least square structural equation model (PLS-SEM) was used to quantify the reflectiveness of 99 data. The study found that TQM has a positive impact on employee satisfaction and service quality in HEIs. It was revealed that TQM has a significant impact on organizational performance, with service quality serving as a mediator. Furthermore, the results revealed that service quality and students’ satisfaction are fully mediating the relationship between TQM and organizational performance. The current study concludes that HEIs are implementing TQM to enhance market performance and comprehend the evolving business trends. The study has added to the body of information about the relationship between TQM elements and organization performance.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00152024-11-06T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0014<abstract> <title style='display:none'>Abstract</title> <p>The changing nature of conflicts is creating new challenges in civilian protection. Features of hybrid warfare, such as multidimensionality, synergistic effects, blurring of boundaries, or asymmetricity, force practitioners and scholars to consider new threats. The article examines how the characteristics of hybrid warfare affect the emergence of cascade effects. We conducted research on examples of the war in Ukraine and the Israeli-Palestinian war. The concept of a method for predicting the cascade effect under conditions of hybrid war is proposed. The concept involves using the Six Ways to Die method to take areas affecting the health and life of the civilian population and define a network of object dependencies on which proper functioning of the State in these areas depends. Using complementary tools such as process analysis, risk assessment, Petri nets, and Bayesian network in the form of the Critical Infrastructure Security Situational Management methodology, the authors provide a comprehensive solution for modeling how to protect the life and health of the civilian population. To the author’s knowledge, this is the first holistic study in this issue.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00142024-09-30T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0013<abstract> <title style='display:none'>Abstract</title> <p>In this article, we propose a new approach to estimating health-care demand. The aim of this paper is to determine the production costs of health care from the demand function of care. To do this, we used an approach based on structural equations where consumption and demand are estimated to capture the dynamics of health costs within a self-managed public hospital. Following this approach, based on the equilibrium between supply and demand of health care, we used the social and professional characteristics of beneficiary to estimate the demand function, which will approximate the cost of health care. The results showed that the demand for care is largely dependent on economic, demographic, and perception factors. Also, the back testing and corroboration tests of the predictions affirm that the functions developed will allow a better cost forecast for the hospital unit, able to propose a budgetary and partial cost approach in the future. Some limitations can be mentioned in connection with the accessibility to accounting data and also the ignorance of time dimension or dynamic evolution of cost demand.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00132024-09-10T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0011<abstract> <title style='display:none'>Abstract</title> <p>Digital transformation (DX) is complex with many automated parts, underlying integrations and processes that need to fit all together. Tools to support the management of DX activities are, therefore, crucial for every business. However, there are just a few of such tools available these days that can help businesses with the DX management both effectively and comprehensively, but none of them was designed particularly for small- and medium-size enterprises (SMEs) of Vietnam. In this study, we will conduct an overview of recent studies on DX, methods and models for SMEs, and relevant research works regarding information support systems for the management of DX for SMEs. We then propose a novel administrative support system that not only addresses the shortcomings of the current state-of-the-art DX management systems but also meets the requirements of DX for SMEs in Vietnam. In addition to the system design and development, we also implement and benchmark the software product at 11 SMEs in Vietnam (and some results if any).</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00112024-09-10T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0012<abstract> <title style='display:none'>Abstract</title> <p>This study utilizes machine learning models, including Logistic Regression, Support Vector Machine, Decision Tree, and Random Forest, in the early warning system for debt group migration in a Vietnamese commercial bank. In predicting customers’ overdue debt migration (B Score), the RF model achieves the highest accuracy of 81.84%. However, if the priority is to reduce Type I errors, SVM performs better with a recall of 91.48%, although the accuracy drops to 46.62%. When predicting customers’ debt group improvement (C Score), SVM proves to be the optimal model in terms of both accuracy and criteria based on Type II errors, with an accuracy of 71.6% and precision of 62.3%. When applied to new datasets, the evaluation criteria decrease, but SVM remains the most optimal model for both B Score and C Score. Additionally, the research results demonstrate that tuning the model parameters leads to a significant improvement in accuracy compared to the default parameters.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00122024-09-10T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0010<abstract> <title style='display:none'>Abstract</title> <p>The main objective of this study is to examine the impact of equity financing on the financial performance of Jordanian industrial companies. The study population comprised 393 board directors from 55 Jordanian industrial companies. Purposive sampling was employed to select 346 board directors for the study sample. Data were collected via an online questionnaire, and the study used a descriptive-analytical approach to examine the study hypotheses. The study concludes that equity financing posi-tively impacts financial performance. Also, each of the angel investors, retained earnings, crowdfunding, and ploughed-back profit positively impact financial performance. The study recommends that Jordanian industrial companies focus on retained earnings as a funding source; what helps is the lower costs of obtaining financing from retained earnings compared with other funding sources. This study is unique because, as far as the researcher knows, it is the first to look at how angel investors, retained earnings, crowdfunding, and ploughed-back profit affect the financial performance of Jordanian industrial compa-nies all at the same time or separately.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00102024-09-05T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0009<abstract> <title style='display:none'>Abstract</title> <p>While extensive research studies exist on the influence of AI solutions on organizations as a whole, there is a paucity of comprehensive studies examining the adoption of these solutions in product development and subsequent management processes. This article presents an exploratory investigation of the applications, challenges, and determinants of success associated with artificial intelligence (AI) solutions employed in the product development and management processes. To this end, a qualitative thematic analysis is conducted based on twelve in-depth interviews with experts proficient in AI engineering and product management, representing twelve distinct organizations within the Polish IT sector. This article offers insights into four potential applications and expounds on various factors impacting the challenges and success of deployed AI solutions, generating two additional emergent themes. This article delineates practical implications for organizations and product managers and proposes intriguing directions for future research exploring topical areas of study.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00092024-08-25T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0007<abstract> <title style='display:none'>Abstract</title> <p>This study proposes an exploratory methodology for analyzing participation in Electronic Networks of Practice, focusing on a network of 500 specialists in breast cancer treatment as a case study. The research addresses a critical gap in understanding how conversational dynamics influence participation in professional forums. Conversation measures and participation measures reported in the literature are identified and categorized, and new ones are suggested. This study by correlation analysis reveals three key participation triggers: initiator features, timing of initiation, and feedback, while also identifying non-associated variables like conversation topic and expression. Clustering categorizes conversations into four types, each exhibiting participation patterns and attributes. Social network analysis further reveals the network’s structure and participants’ interrelations. These findings provide a comprehensive understanding of participation in Electronic Networks of Practice and show the methodology’s broader applicability in analyzing professional networks. The study’s insights are vital for practitioners and theorists by offering a perspective on fostering knowledge sharing.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00072024-08-02T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0008<abstract> <title style='display:none'>Abstract</title> <p>Nowadays, the corporate governance quality (CGQ) of a company has become increasingly important as it is the benchmark for the investment decision-making process. However, there are not many studies of CGQ in the Vietnamese public sector. In this regard, this study adopted and adapted the Association of Southeast Asian Nations (ASEAN) corporate governance scorecard and the Vietnamese Listed Company Awards scorecard to evaluate the CGQ of state-owned enterprises (SOEs) in Vietnam. Data from 220 equitized SOEs were collected from a self-administered survey and double-checked with information from in-depth interviews with the company’s managers and their documents. Collected data were analyzed to score the CGQ of surveyed companies. Results showed that the CGQ of survey companies met the basic requirements that comply with the legal framework. The analysis also showed the differences between two groups of state-owned enterprises: listed versus unlisted joint-stock companies. Based on the findings, we suggested companies improve and adjust their governance policies following 77 scorecard criteria and apply international best practices in corporate governance to promote their brand value to become more appealing to investors.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00082024-08-02T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0006<abstract> <title style='display:none'>Abstract</title> <p>In response to compelling environmental and societal imperatives, the real estate sector is increasingly compelled to adopt environmentally sustainable practices, prompting a significant “green” shift. Drawing upon an extensive literature review and insights garnered through expert interviews, this study identifies 15 critical factors influencing the green supply chain in the Indian real estate domain. Employing the Interpretive Structural Modeling–Dynamic Multi-Attribute Decision-Making Trial and Evaluation Laboratory (ISM–DEMATEL) approach, the hierarchical and contextual relationships among these factors are systematically examined. The ISM–DEMATEL analysis unveils that government policies and legislation, developer orientation and commitment, and green financing emerge as the top three pivotal drivers steering the green supply chain in the Indian real estate sector. To further categorize these drivers, a Matrice d’Impacts Croisés Multiplication Appliquée à un Classement (MICMAC) analysis is employed, resulting in the classification of factors into independent, dependent, autonomous, and linkage categories. The research offers practical insights that may prove invaluable to stakeholders within the real estate industry as well as academicians.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00062024-07-29T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0005<abstract> <title style='display:none'>Abstract</title> <p>This article sets its sight to allot an intelligible picture of how to optimize accounting information system (AIS) in public sector organization (PSO) for sustainable risk management (SRM) under the big data analytics (BDA) and offers in-depth understandings concerning to the role of forensic accountants’ skill (FAS) on these aforementioned interconnections. The structural equation modeling (SEM) and multi-group SEM were wielded to testify the hypothesized model rested on cross-sectional data formulated by a closed-ended questionnaire survey distributed to convenience and snowball sample of 683 respondents in PSOs. All the proffered hypotheses in the theoretical model were authenticated by the soundly statistical evidences. The observations of the current study also generated the numerous practical implications for the practitioners in organizational management and policymakers in building up the strategies and promulgating rules in relation to digital initiatives adoption, accounting practices and risk management toward sustainable development within PSOs.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00052024-06-03T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0004<abstract> <title style='display:none'>Abstract</title> <p>The primary aim of this research is to investigate the relationship between strategic sustainability and firm success within the real estate sector. Specifically, it aims to assess how strategic sustainability factors, notably business strategy and management, influence sustainability performance. By exploring this uncharted territory, the study seeks to provide insights into the role of strategic sustainability in enhancing an intangible value in terms of sustainability performance. Through quantitative data gathered from the Latvian real estate industry, the research study demonstrates that greater emphasis on business strategy efforts and activities is positively associated with improved sustainability performance. Moreover, it establishes a correlation between enhanced management practices and higher sustainability performance. Ultimately, this research contributes to our understanding of how strategic sustainability can drive the long-term sustainability and success of real estate businesses, benefitting regions, nations, and the global community.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00042024-04-30T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0003<abstract> <title style='display:none'>Abstract</title> <p>As societal challenges grow, so does the role of universities in finding social and technological solutions. Technical universities are prominent in educating future innovators and developing desired technological and social change. This paper seeks to identify commonalities and better understand differences to develop strategies for mutual support and exchange of best practices. The methodological approach focuses on three questions concerning 1) the common understanding of transdisciplinary, 2) the diversity of transdisciplinary approaches to sustainable development, and 3) the different institutional structures that enable and promote transdisciplinary approaches to sustainability. The qualitative exploratory research suggests that a higher level of societal engagement in scientific research positively impacts societal transformation towards sustainability. This research is also a first step towards making transdisciplinary research at technical universities more visible and transparent to provide better support and create a mutual learning environment for discussing and continuously developing strategies for organizational change.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00032024-04-02T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0002<abstract> <title style='display:none'>Abstract</title> <p>The purpose of the current study is to examine the mediating role of organizational pride on the relationship between ethical leadership and employees’ creativity. Using a convenience sample of (130) managers, heads of the department, and their employees from private hospitals in Jordan, the data were gathered by questionnaire. The current study adopted a quantitative approach. Furthermore, structural equation modeling (SEM) was used to test the study hypotheses. The current study reveals that ethical leadership has a significant and positive impact on employees' creativity. On the other side, the results of the study showed that ethical leadership has a significant and positive impact on organizational pride. Additionally, the current study also showed that organizational pride has a significant and positive impact on employees' creativity. Finally, it has been found that there is a mediation impact on the relationship between ethical leadership and employees' creativity. These findings may help the leader to focus heavily on organizational pride to foster the relationship between ethical leadership and employees’ creativity.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00022024-02-28T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2024-0001<abstract> <title style='display:none'>Abstract</title> <p>Organizational change (OC) initiatives require effective human resource management practices (HRMPs). This review analyzes recent research on the role of HRMPs in OC, focusing on major trends and differences between Western and non-Western contexts. A Preferred Reporting Items for Systematic Review and Meta-Analysis (PRISMA)-guided search using Scopus and Google Scholar identified 26 relevant studies. The key findings showed the varied and crucial roles that HRMPs play in communicating change goals, engaging employees, and collaborating with stakeholders. In particular, hard OC involving actions such as downsizing warrants responsive HRMPs. Although some practices transfer well across settings, implementing HRMPs in non-Western environments requires adaptation to local cultural and religious norms. The predominant focus on Western contexts underscores the need for more research in understudied regions, such as the Middle East and North Africa. The limitations of this review include potential biases in the source studies and the exclusion of nonindexed literature. We conclude by calling for an expanded investigation into evidence-based HRMPs and the complex dynamics between HRMPs and diverse types of OC across different organizational and national settings.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2024-00012024-01-20T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2023-0016<abstract> <title style='display:none'>Abstract</title> <p>The purpose of the study is to identify the level of public spending on education in the Visegrad Group countries in 2011–2021. The source material was data from the European Statistical Office for Poland, the Czech Republic, Slovakia, and Hungary, collected in accordance with the International Classification of Government Functions (COFOG) based on the European System of National Accounts. As a result of the analysis, it was found that in the above-mentioned countries, in the perspective of 10 years, Poland was the country that allocated the most funds to education, which also translated into the average share of government and local government expenditure in percentage of gross domestic product (GDP) in 2011–2021. In the countries of the Visegrad Group, an increase in the level of public spending on education, expressed in million euros, was recorded. In relation to GDP in 2011 and 2021, a downward trend was observed only in Poland (by 0.6 p.p.). Poland is one of the few European Union countries where there was a significant reduction in spending on education. This is an unfavorable phenomenon, as investments in human capital testify to the competitiveness of the state.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2023-00162023-12-29T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2023-0015<abstract> <title style='display:none'>Abstract</title> <p>Studies presented the importance of conflict costs. Cultural diversity adds more complexity to working groups, fostering conflict. The aim of this research is to investigate how cultural diversity affects conflict costs, measured in terms of lost time &amp; cost amplifiers. Data was collected through an online survey with 490 respondents for national conflicts and 185 respondents for culturally diverse conflict situations. The differences between the two groups are explored by examining their impact on conflict cost amplifiers and the costs themselves. We found that intercultural diversity increases the number of conflicts per year. However, cultural heterogeneity did not affect conflict intensity, duration or the time spent on cost variables. This research is the first one to investigate the effects of cultural diversity on different facets of conflict costs. The results demonstrate the potential, as well as the need for further research.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2023-00152023-12-29T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2023-0014<abstract> <title style='display:none'>Abstract</title> <p>Traditional cost systems are no longer able to provide the appropriate information in line with the developments and changes of the contemporary and competitive business environments. However, with a vibrant change in the functioning of businesses today, such cost system features have also been replaced to meet the dynamic business environments. If these two techniques are applied in coalition, it is possible for the economic units to manage their time and costs easily, which acts as a competitive advantage for those units. The current research study aims at studying the complementary relationships of these two techniques by applying them in one of the laboratories of General Company for Textile Industries in Hilla, which represents the men’s clothing factory in Najaf. Based on the analytical results, the researchers arrived at several conclusions, while the most important conclusion was the identification of the absence of features to apply the target costing and time-driven activity-based budgeting techniques. The most important recommendation made to the men’s clothing factory in Najaf is the need to pay adequate attention for the application of two techniques to achieve their goals.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2023-00142023-11-30T00:00:00.000+00:00https://sciendo.com/article/10.2478/fman-2023-0013<abstract> <title style='display:none'>Abstract</title> <p>Intra-industry sectors are producers of asymmetric information, which in turn has an impact on capital structure decisions. The purpose of this study was to determine (1) differences in debt-equity ratio, growth opportunities, firm age, and firm size as firm characteristics and (2) differences in the effect of growth opportunities, firm age, and firm size on the debt-equity ratio between manufacturing and nonmanufacturing firms. We collected 3,063 observation units consisting of 2,628 manufacturing sectors and 435 non-manufacturing sectors in the Indonesia Stock Exchange (IDX) and trimmed the data to eliminate the top and bottom 20%. Manufacturing firms are older and more stable, using their profitability to increase information disclosure. Although they produce lower asymmetric information, they do not prefer external financing as an effort to reduce intervention. In contrast, non-manufacturing firms have less tangible assets as a proportion of their total assets than manufacturing firms and therefore produce less asymmetric information of intrinsic value (tangible assets). As a result, manufacturing firms prefer debt issues over equity issues when financing new investments.</p> </abstract>ARTICLEtruehttps://sciendo.com/article/10.2478/fman-2023-00132023-11-21T00:00:00.000+00:00en-us-1