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Generalization of Linear Models for Multiproduct Break-Even Analysis with Constant Ratios
Sejfudin Zahirović, Jasmina Okičić, and Amra Gadžo
DOI: 10.15604/ejbm.2024.12.01.001
Abstract
This paper aims to generalize linear models for the multiproduct break-even point. Taking into consideration identified research gaps, the paper focuses on deriving formulas for determining the multiproduct break-even point through determination models. Different assumptions regarding the constancy of individual product contribution structures to total physical production volume, total revenue, total variable costs, and total contribution margin are taken into account. Additionally, connections between the obtained solutions from different models and different assumptions regarding the constancy of individual product contributions are established. The verification of the optimality of solutions obtained through different determination models is conducted by comparing them with solutions derived from linear programming as a benchmark. The developed models are tested using a case study of a multiproduct company in the metal processing industry. Through comparative analysis, the hypotheses concerning obtaining an optimal solution and the identical nature of solutions derived from the determination model and linear programming are examined. This paper contributes to the understanding of the multiproduct break-even point, providing a theoretical and practical framework for evaluation and enabling the application of various determination models in the context of a multiproduct situation.
Keywords: CVP Analysis, Break-even Point, Multiproduct Situation, Linear Programming, Optimization
The Characteristics and Innovative Practices of Entrepreneurial Firms
Manoj Joshi, Prince Chukwuneme Enwereji, and Annelien van Rooyen
DOI: 10.15604/ejbm.2024.12.01.002
Abstract
Innovation is defined as an idea, practice, or object perceived as new by individuals or units that adopt it. Innovation can be seen as “something that is new or improved and that which creates value”. For an innovative and entrepreneurial firm, it is defined as one that engages in product and market innovation, undertakes risky ventures, and is the first to come up with proactive innovations, beating competitors to the punch. Innovation is considered integral for its existence. These incumbent firms can be small and medium-sized enterprises (SMEs) also termed as small businesses. This study attempts to explore the characteristics and innovative practices of entrepreneurial and innovative firms in India and South Africa. A qualitative research approach was adopted with a descriptive and exploratory case study method. The study utilized consultative interviews and internet-based searches to collect data from fourteen selected firms, seven from India and seven from South Africa. Findings confirmed that the firms selected from the two continents are also innovative and entrepreneurial which confirms the Ab initio proposition: To survive in today’s globally competitive environment, firms must innovate, leading to improved operational performance and achievement of organizational goals.
Keywords: De Novo, De Alia, Innovative Firm, Entrepreneurial Firm, Innovative Practices, SMEs
The Effect of Entrepreneurial Orientation and Dimensions on The Organizational Performance with Saudi SMEs
Nehal M. Rashad, Sharifah Mousley, and Lindos Daou
DOI: 10.15604/ejbm.2024.12.01.003
Abstract
Small and medium-sized enterprises (SMEs) in Saudi Arabia play a pivotal role in fostering economic growth, particularly aligned with the Saudi government’s Vision 2030 initiative. SMEs contribute significantly to national production, job creation, and income growth. This research examines the impact of Entrepreneurial Orientation (EO) on Saudi SMEs’ Organizational Performance (OP), with EO defined as a strategic decision-making framework encompassing various activities. The study explores how EO dimensions influence and predict higher OP, involving a sample of 100 Saudi SMEs from Jeddah, Riyadh, and Dammam who participated via an online survey. Statistical analyses included factor analysis to scrutinize EO dimensions and logistic regression to predict high and low-performance outcomes. Findings revealed a relationship between EO dimensions and OP, with logistic regression results indicating that the Autonomy dimension of EO positively impacts higher performance levels. Consequently, it is recommended that Saudi entrepreneurs emphasize the Autonomous dimension by incorporating methodologies that recognize employees’ autonomy in strategic decision-making. This study contributes to academic discourse and practical applications by being among the first to investigate EO’s impact on OP within Saudi SMEs. Future research should address limitations by expanding the sample size and incorporating advanced qualitative methods for a more comprehensive insight.
Keywords: Entrepreneurship, SMEs, Entrepreneurial Orientation, Organizational Performance, Logistic Regression, Strategic Decision-Making
Omni-channel Retailing: Supply Chain Disruption Mitigation and Recovery in The South African Fashion Retail Industry
Wesley Niemann and Neil Henderson
DOI: 10.15604/ejbm.2024.12.01.004
Abstract
The Coronavirus (COVID-19) pandemic has generated a notable increase in the demand for online shopping, driving the global adoption of an omni-channel (OC) strategy by retailers. While it is well established that supply chain mitigation capabilities and recovery strategies can minimize the impact of supply chain disruptions (SCDs), it has not been explored in the increasingly relevant OC context. The purpose of this study was to explore the SCD mitigation capabilities and recovery strategies present in the South African OC fashion retail industry. The study was conducted among senior supply chain managers employed by OC retailers in South Africa. A generic qualitative design was employed to collect data through semi-structured interviews with fifteen participants. A thematic analysis approach was used to analyze the data. This study identified the types and causes of OC-related SCDs that produce the negative effects associated with an OC retailing strategy. The findings showed that South African OC fashion retailers do not engage in the most effective SCD mitigation and learning practices evident in the literature. Furthermore, the findings also revealed that OC retailers’ multiple touchpoints can aid SCD recovery efforts by transferring order fulfilment between its online and offline channels. This study provides managers with an understanding of the nature of OC-related SCDs that can be used to reduce their negative effects or prevent their occurrence altogether. Managers should revisit their SCD mitigation capabilities and learning techniques to improve supply chain resiliency.
Keywords: Supply Chain Disruption, Disruption Mitigation, Disruption Recovery, Omni-Channel, Fashion Retail Industry, Qualitative Research, South Africa
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