Open Access Original Research Article

Dynamic Model of Markets of Homogenous Non-durables

Joachim Kaldasch

Journal of Economics, Management and Trade, Page 1-12
DOI: 10.9734/BJEMT/2015/19254

A new microeconomic model is presented that aims at a description of the long-term unit sales and price evolution of homogeneous non-durable goods in polypoly markets. It merges the product lifecycle approach with the price dispersion dynamics of homogeneous goods. The model predicts a minimum critical lifetime of non-durables in order to survive. Under the condition that the supply side of the market evolves much faster than the demand side the theory suggests that unsatisfied demands are present in the first stages of the lifecycle. With the growth of production capacities these demands disappear accompanied with a logistic decrease of the mean price of the good. The model is applied to electricity as a non-durable satisfying the model condition. The presented theory allows a deeper understanding of the sales and price dynamics of non-durables.

Open Access Original Research Article

Managing Corporate Identity Risk as a Strategic Indicator on Organizational Performance

Ayse Kucuk Yilmaz, Abdul Jaleel, Triant Flouris

Journal of Economics, Management and Trade, Page 1-21
DOI: 10.9734/BJEMT/2015/19020

The purpose of this paper is to investigate impacts of corporate identity on organizational performance in both the private and public sectors, and to provide a mechanism for raising the consciousness level for the enhancement and scope of actual corporate performance with its enabling features in order to expand its presence in the global market. The research has been shaped around the question “What is the Impact of Corporate Identity on Organizational Performance?” We believe a deficiency in relevant literature on the subject exists, which we attempt to address with our study.

In the paper, after considering various evidence, we have reached the conclusion that most managers are not fully conscious about the need and significance of corporate identity, out of which the corporate personality of organization evolves. Basic limitations were experienced while writing this article. All the stakeholders and other members of our targeted group are well educated, literate and fully conscious of their social and institutional responsibilities as was expected from them. They were cooperative with us however, with some we experienced many problems with the collection of their replies. Some provided them to us quickly while others took a lot of time despite being regularly reminded. Research culture is not yet fully entrenched in our corporate and non-corporate sectors. The values of these public surveys along with their significance, in fact, are not widely known as we have not familiarized ourselves with the benefits they accrue to corporate sectors. Innovation, which we all cherish, mainly originates from this primary source. The data acquired tells us precisely the truth as regards market trends. Research methodology, paper’s content, impact and competitive position are outlined in this paper. Suggestions for the future direction of business management and strategy are also presented.

Open Access Original Research Article

Electronic Banking and Customer Satisfaction: Empirical Evidence from Ghana

Bismark Addai, Bismark Ameyaw, Eric Ashalley, Isaac Quaye

Journal of Economics, Management and Trade, Page 1-8
DOI: 10.9734/BJEMT/2015/19269

The phase of the entire banking industry is rapidly changing in the 21st century. A focus-shift from traditional banking to new service delivery channels is paramount among many banks to provide customers with 24/7 (around-the-clock) access to banking services for improved customer service delivery. Herein, we investigate into the impact of electronic banking (e-banking) service delivery on customer satisfaction in Ghana. A purposive non-probability sampling technique was utilized in a 150 sample-size selection from e-banking customers of Trust Bank Ghana Limited, Ecobank Ghana Limited and Barclays Bank Ghana Limited (50 from each bank). SPSS Statistics version 21 was used to analyze the primary data. Multiple regression analysis was performed to determine the impact of e-banking service delivery on satisfaction of customers in the selected banks. For this study, a positive correlation between customer satisfaction and e-baking availability, reliability and convenience is established. It is therefore recommended that banks provide customers with uninterrupted, reliable and convenient e-banking services in order to satisfy and retain customers.

Open Access Original Research Article

Investigating Environmental Management and Quality Management Issues in the Libyan Food Industry

Abdelsalam Saad, Daizhong Su, Phillipa Marsh, Zhongmin Wu

Journal of Economics, Management and Trade, Page 1-16
DOI: 10.9734/BJEMT/2015/19564

Aims: Investigates environmental and quality management issues in the Libyan food industry (LFI). In order to achieve a better level of environmental and quality management to develop modern managerial techniques. In particular, this investigation will help LFI to increase the success of environmental protection (i.e., the reduction in waste, pollution prevention, and the recycling of materials).

Study Design: The questionnaire was conducted with 62 managers at three levels (top, middle, and low) and 518 employees from three companies in LFI.

Place and Duration of Study: The study was carried out in Libya, the fieldwork was conducted in 2013.

Methodology: Adopting existing measures in environmental management systems and total quality management systems revealed in the literature and developing new ones specifically for this research. Also, a set of items was produced to explore issues relating to the cost of quality process, statistical process control, quality technique and information system. In order to satisfy the requirements of the statistical test, all questions were based on Likert 5-point scale (5 is the best, while 1 is the lowest).

Results: The results revealed that the LFI do not make sufficient efforts to improve their environmental performance and quality. Further, it is found that LFI is still in a quite low level of achievement for EM. Low compliance with environmental and quality standards was also demonstrated. It is concluded that such results can be ascribed to that the majority of managers in the LFI have a remarkable lack of motivations to environmental and quality management approach.

Conclusion: This study contributes to identifying the key issues of environmental and quality management implementation in the LFI. This paper serves as a point of departure for future research to establish a framework model for total quality environmental management (TQEM) implementation in the Libyan context.

Open Access Original Research Article

The Impact of Channel Relationship Management on the Channel Partners of Telecom Industry- A Case Study of Reliance Communications in Western Uttar Pradesh Circle, India

Abhinanda Gautam, Lebogang Kamohi

Journal of Economics, Management and Trade, Page 1-9
DOI: 10.9734/BJEMT/2015/14433

This research explores the kind of channel relationship marketing strategies that the Indian telecom industry is pursuing in today's rapidly changing and highly competitive environment, and to study their effect on the service quality and satisfaction of channel partners. Approaches of channel sales should focus on joint marketing activities, training support incentive schemes and a measure of hospitality. These are some of the initiatives that are considered important in managing channel relations. In today’s dynamic environment, organisations are gearing up to the fact that they need consistent and coordinated methods of managing and improving their channel relationships. In the Indian telecom sector, intense competition is leading to substantial shifts in what is expected of the supply chain function. It is no longer enough to simply connect supply and demand at optimal cost and service levels. This study aims to identify whether Channel Relationship Management of Reliance Communications has an effective impact on the satisfaction of channel partners. The study is particularly conducted in the Western Uttar Pradesh region, India. The study depicts the result of a survey conducted among the distributors, retailers and the staff of Reliance Communications. By using correlation, chi-square, one-way ANOVA and Bonferroni Post-Hoc test to analyse the data, the findings suggest a guideline to channel members by demonstrating appropriate control systems, required levels of co-operation, what constitutes adequate empowerment or training and many other benefits of implementing marketing strategies, that has led to an increase in satisfaction of RCOM’s channel members in the Western (U.P) Circle telecom market.

Open Access Original Research Article

Impact of Inflation Rate on the Economic Growth in Nigeria

I. M. Shuaib, O. Ekeria Augustine, A. Ogedengbe Frank

Journal of Economics, Management and Trade, Page 1-11
DOI: 10.9734/BJEMT/2015/15293

The study examined the impact of inflation rate on the economic growth in Nigeria. The study explored secondary data for the period of 1960 to 2012 and used E-view 7.2 statistical window in processing and analyzing the time series data. The empirical result of the test showed that for the periods, 1960-2012, there was no co-integrating relationship between Inflation and economic growth for Nigeria data. Furthermore, we examined the causality relationship that exists between the two variables by employing the Pairwise-Granger causality at two lag periods. The paper however recommended that the government should ensure that policy measure (or monetary or fiscal) to control inflation rate has to be put place-through the efforts of Central Bank of Nigeria, maintain inflation rate at single-digit level,  high premium of control on money supply since it has a significant link with inflation in the economy-such as Nigeria, should formulate and implement policy on inflation rate since it inversely affects market capitalization in Nigeria, and create atmosphere that encourages the general public to save that part of cash that is not consumed immediately or idle cash, saving leads to capital accumulation or rather capital formation will be low. This will discourage potential investors to invest since no source of investible funds.

Open Access Short Research Articles

Prospects for Creating Material Grounds for Information Economics on the Basis of Micro-Electronic Technologies and Sensor Enginery Utilizing NBIC-Technologies in Ukraine

Igor Matyushenko, Yuri Moiseienko, Olena Khanova

Journal of Economics, Management and Trade, Page 1-16
DOI: 10.9734/BJEMT/2015/19532

Aims: The Information Economy development is inseparably connected with the creation of material base on the grounds of micro-electronic technologies and sensor enginery in the world leading countries. However, each country elaborates its own the most prospective micro-electronic technologies and sensor enginery. The main aim of the research at analyzing the prospects of creating information technology material base in Ukraine on the grounds of micro-electronic technologies and sensor enginery utilizing NBIC-technologies. The is to find out, which technologies could be the foundation for Ukrainian innovation development in near future under conditions of new Nano-bio-info-cognitive (NBIC) technological revolution.

Study Design: The reviews were carried out in the period 2008–12 on the basis of studying the world countries micro-electronic technologies and sensor enginery development trends as well as on the basis of the research results obtained by Ukrainian academic institutions.

Place and Duration of Study: Scientific research center for industrial development problems of the National academy of sciences of Ukraine, Department of Foreign Economic Relations and Touristic Business between January 2015 and April 2015.

Methodology: Content analysis has been used as the main method of research, which allowed making a meaningful analysis of classic papers and researches of modern economists-practitioners devoted to the peculiarities of the modern prospects of creating information technology material base in the World and Ukraine with using of NBIC-technologies.

Results: Convergence and integration of nano-bio-info-cogno-technologies considerably increase capabilities of micro-electronic technologies and sensor enginery. The article analyses the prospects of creating material grounds for information economics in world countries and in Ukraine on the basis of micro-electronic technologies and sensor enginery utilizing NBIC-technologies. The article demonstrates that in the result of implementing comprehensive scientific-technical programs to develop micro-electronic technologies and sensor enginery during 2008 – 2012 in Ukraine new radiation detectors and sensors were designed, technologies to produce nano-ceramics were developed together with high-quality sapphire substrates, or photodetectors and infra-red emitters, or uncooled multi-element sensitive receivers, or science-intensive modern semi-conducting materials and sensor appliances on their basis. Prospects for implementing bio-sensor systems for monitoring purposes in environmental protection, medicine, pharmaceutics, food-processing in Ukraine were also demonstrated together with new materials and drugs generation for medicine and pharmaceutical industry.

Conclusion: We may conclude that in order to set up information economy material base, during 2008-2012 Ukraine undertook efforts to develop and implement the following modern microelectronic technologies.