Journal of Management and Business: Research and Practice

ASSESSMENT OF THE FINANCIAL POSITION OF BUSINESSES OPERATING WITHIN A CERTAIN SECTOR OF THE NATIONAL ECONOMY

2023-12-31T09:58:57+01:00

Background: The financial status of a company has a considerable influence on its operational activities, revenue, expenses, and, ultimately, its profit and loss at the conclusion of the economic cycle. Aims: The study also highlights the company's financial stability analysis in this industry and verifies its resilience in the Slovak market circumstances. The economic sector NACE H (transport and storage), which ranks as the second most important division in the analysed context, was selected to highlight the significance of forecasting financial well-being. Methodology: The research entails assessing the changes in assets and liabilities throughout the observed time of 2020 to 2022, along with computing key ratio indicators such as liquidity, profitability, indebtedness, and activity. The data used in the given study were sourced from professional literature and firm records supplied. Results: The study conducted revealed the current deficiencies in the company's management. Based on this, the conclusion provided potential recommendations for improvement in many areas. Financial analysis provides valuable insights into a company's historical performance, identifies areas of concern, and offers predictions for future growth. However, it may not provide definitive answers to all inquiries.

MANAGEMENT CAPABILITIES AND PERSONAL SAFETY OF EMPLOYEES IN FEDERAL ROAD SAFETY CORPS (FRSC), LAGOS STATE

2023-12-31T10:16:10+01:00

This research investigates management capabilities and the personal safety of employees. This study's objective is to look into the managerial role in employee safety and also explore the influence of employee commitment on personal safety using the Federal Road Safety Corps (FRSC) as a case theatre. The study adopted a descriptive survey research design because it’s suitable for both qualitative and quantitative methods with fewer challenges. The population of this study comprised all staff of the Federal Road Safety Corps (FRSC), Lagos State with the use of a primary source of data. Results of this study have revealed that in the FRSC, there was an established significant and positive effect of the managerial role on employee safety (β = .314, Sig. = .001, P<0.05). Also, it further revealed that there was a significant positive effect of employee commitment on personal safety (β = .770, Sig. = .003, P<0.05). The study concluded that management capabilities are a fundamental aspect that any organization that seeks to achieve the best from its employees should aim towards. The study therefore recommends that the management should be more inclusive in allowing younger staff members of the Federal Road Safety Corp to contribute their ideas toward employee personal safety

LEVERAGING COMPETITIVE STRATEGIES ON BUSINESS OUTCOMES POST-COVID-19 PANDEMIC: EMPIRICAL INVESTIGATION FROM AFRICA

2024-01-05T10:38:44+01:00

Background: The novel coronavirus has damaged the global economy, and business outcomes such as low profitability, poor sales, and weak market share, including intense competition, are widespread within the business ecosystem; however, competitive strategies have been some of the business decisions in recent times. Aim: The study, therefore, examined the effects of competitive strategies on business outcomes of selected consumer goods companies listed in Nigeria, the most populous and largest economy in Africa. Methods and Sample: The study adopted a survey research design, with a population of 22,466 staff members, comprising regular employees and top- and middle-level managers of twenty consumer goods companies listed on the Nigeria Exchange Group (NGX). The study used a proportionate stratified sampling technique to draw a convenient sample for the analysis. 491 copies of the questionnaire were administered to the respondents, with a response rate of 97.76%. Results: Findings showed that competitive strategies significantly and positively affected business outcomes (Adj. R2 = 0.563; F5/1306 = 337.061, p<0.05). Conclusion: The study recommended that the consumer goods companies often refer to Fast Moving Consumer Goods (FMCG) listed in Nigeria must have a market-development mindset, invest in consumer education, and integrate an efficient supply chain management model.

ALIGNED ECONOMIC CYCLE OF GLOBAL ECONOMIES

2023-12-31T10:35:53+01:00

Background: The alignment of economic cycles is created naturally, by the gradual harmonization of the economic development of economies that are open and cooperating with each other, which gradually over decades has led to their significant economic interconnection, to the creation of the so-called global economy. Aims: The main aim of this paper is to analyze the impact of individual financial crises on economic cycle alignment as well as the naturally increasing correlation between interacting economies themselves. Methods: We have analysed the impact of individual financial crises on economic cycle coherence as well as the naturally increasing correlation between interacting economies. Sample: We examined the historical evolution of the correlation on ten-year periods from 1961 to 2020. Results: The calculated correlations of the percentage GDP growth of the selected 40 countries with the global percentage GDP growth over the last 61 years have shown that the interconnectedness of major economies has reached an advanced level. Conclusions: The higher the correlation of GDP growth of the selected countries with global GDP growth, the higher the effect of economic booms as well as recessions will be multiplied. Implications: This analysis has so far failed to include the impact of the admittedly extremely short but extremely sudden and fully global recession caused by COVID 19.

FINANCIAL MANAGEMENT IN THE HEALTHCARE INDUSTRY OF THE SLOVAK REPUBLIC

2023-12-31T10:25:05+01:00

Background: Healthcare is one of the most monitored areas of human activity. The healthcare segment, especially healthcare, drug development and manufacturing are among the defensive sectors that thrive even in times of uncertainty. Aims: The aim of the paper is to apply methods of financial analysis in the financial management of hospitals in NACE 861 – Hospital activities, to assess and increase competitiveness and financial performance. Sample: The research sample consists of medical facilities under the jurisdiction of the Ministry of Health of the Slovak Republic transformed into joint-stock companies and hospitals under the jurisdiction of the Ministry of Health of the Slovak Republic, the Ministry of Defense of the Slovak Republic, and the Ministry of the Interior of the Slovak Republic according to NACE 861 – Hospital activities. Methods: We use basic thought operations and selected mathematical-statistical methods in the paper. The financial analysis of the hospitals will be carried out based on the data taken from the financial statements available in the Register of Financial Statements of the Slovak Republic for the years 2007 - 2022. Results: The results show that the geometric mean for the period 2008 - 2020 for costs is G = 1.01 and for revenues is G = 1.02. Conclusions: Financial aspects are key factors in the company's development process. Knowledge regarding the financial health of the company can help the company in its competitiveness. In the framework of business management, many decisions are influenced by financial and economic analysis. Every manager should strive to understand financial theory. Implications: The benefit will be an evaluation of the financial situation and insight into the competitiveness of the healthcare industry.

ANALYTICAL PERSPECTIVE ON THE IMPORTANCE OF ONLINE SHOPPING VIA SMARTPHONE IN E-COMMERCE CONDITIONS

2024-01-04T15:18:46+01:00

Background: The development of e-commerce in the last twenty years has revolutionized the retail industry. For the first time in history, today consumers have access to a globally connected marketplace where they can offer goods anywhere in the world, at any time of the day. Consumers have access to a lot of information about the offered products from the comfort of their homes. Aims: The objective of this post is to identify the importance of online shopping through smartphone. Methods: The data were evaluated by descriptive statistic. Sample: The survey sample consisted of representatives of generation Y, or millennials. Results: Based on the results, it can be concluded that online shopping via smartphones is important for representatives of the generation in question. Conclusions: The growing potential of mobile marketing represents an enormous customer potential, as well as a great business opportunity for businesses. Implications: The results of the conducted survey can serve as a basis for the preparation of marketing strategies at the level of mobile marketing.