October - Volume 1, Number 1 (2023)
THE DIGITAL ERA'S IMPACT ON RETAIL SUPPLY CHAIN CHALLENGES AND SOLUTIONS
Emily Grace Anderson
The retail sector serves as a vital bridge connecting production and consumption, facilitating the effective alignment of supply and demand through mechanisms that decipher consumer preferences and direct production accordingly. Historically, the retail supply chain has been characterized by a siloed approach, driven by the inertia of "industry self-circulation," resulting in limited integration between the retail and manufacturing sectors. This isolation has often led to conflicts between retailers and suppliers, exacerbated by competitive dynamics. In the digital age, retail is transitioning towards a reliance on big data resources and intelligent algorithms for forecasting consumer trends, guiding manufacturing processes, and delivering...
SECURING THE LEGACY: EXAMINING THE CHALLENGES AND TRIUMPHS OF FAMILY BUSINESS SUCCESSION
Ming Zhang
Family businesses constitute a substantial portion of the global economy, contributing significantly to GDP and employment. However, they often face challenges in ensuring intergenerational continuity. Despite their crucial role, most family businesses struggle to survive beyond the third generation. This highlights the significance of studying intergenerational inheritance in family businesses. The process of leadership transitioning from one generation to the next is complex due to the intertwined dynamics of family and business interests. Recent research on family business succession has made considerable progress, employing various perspectives and theories. Resource-based view (RBV) emphasizes the importance of resources and capabilities for maintaining...
CHINA'S GLOBAL FINANCIAL ENGAGEMENT: CHALLENGES AND OPPORTUNITIES
Maria Luisa Santos
The international financial system has witnessed significant changes and challenges since the 1990s, prompting the need for comprehensive reform. This reform is essential to address the pressing financial issues in international monetary policy and establish a new global financial order. The existing system, rooted in the principles set by the Bretton Woods institutions, particularly the IMF, has led to certain Western nations dominating global financial markets. As emerging markets gain prominence and global financial crises continue to arise, there is an urgent call for restructuring the international financial and monetary system. International literature on financial governance emphasizes cooperation, recognizing its...
DEVELOPING A SCIENTIFIC EMPLOYEE TRAINING SYSTEM FOR SMALL AND MEDIUM-SIZED ENTERPRISES: A CASE STUDY OF HOLILAND FOODSTUFF CO., LTD. (TIANJIN)
Xiying Xia, Jing Liu
The development of a scientific employee training system is crucial for the success of modern small and medium-sized enterprises (SMEs). However, many SMEs face challenges in effectively training their human resources staff. This paper aims to address these challenges by studying the current situation and existing problems of human resource staff training in enterprises, using the Kirschner model, and proposing targeted solutions. Through a case study of Holiland Foodstuff Co., Ltd. (Tianjin), we found that the current training system in place had several shortcomings, such as insufficient attention to training, inadequate training content, and a lack of effective training management....
MEASURING THE INPUT-OUTPUT EFFICIENCY OF DIGITAL ECONOMY DEVELOPMENT IN HUZHOU: AN EMPIRICAL ANALYSIS
Qi Li
This article presents an empirical analysis of the efficiency of digital economy development in Huzhou using the DEA-BCC model and the Malmquist index model. The study covers the period from 2016 to 2021 and examines the utilization of digital economic resources in Huzhou from both static and dynamic efficiency perspectives. The results indicate that the input of digital economic resources in Huzhou has not been fully utilized in some years, and PTE is the main factor limiting the efficiency of digital economy development. Additionally, the TFP of the digital economy of Huzhou has shown a trend of fluctuation, which is...