BUSINESS EXCELLENCE AND MANAGEMENT

ISSN

2248-1354 (print)

2668-9219 (online)

ISSN-L: 2248- 1354

 

1. THE IMPACT OF HIGH-PERFORMANCE WORK SYSTEMS ON EMPLOYEE ENGAGEMENT: THE MODERATING ROLE OF ORGANIZATIONAL JUSTICE   Emmanuel Oppong Peprah Capital University of Economics and Business, Beijing China DOI:https://doi.org/10.24818/beman/2020.10.4-01

Purpose – This paper investigates the impact that High-Performance Work Systems (HPWS) have on Employee Engagement and the moderating effect of Organizational Justice on this relationship. Research methodology – By the usage of a quantitative research method, data gathered from 251 employees of Professional Service firms are analysed with SPSS. Findings – This study found that there is a positive relationship between HPWS and Employee Engagement. It also found that Organizational Justice moderates the relationship between the two. Research limitations – Data was only gathered at the employee level making the interpretation of HPWS to be how employees perceive it. Hence a further study at the firm level as well as cross-sectional analyses will be needed in the future. Practical implications – Management of firms should avoid a ‘one-size-fits-all’ approach in the administration of HR policies and should rather encourage tailor-made treatment for individual employees of the firm. Unfairness is encouraged if the firm is after employee engagement. Originality/Value – This study is one of the first to investigate the moderating effect of organizational justice on the relationship between HPWS and employee engagement and the first to advice firm managers to be unfair in their dealings with individual employees.

2. STRATEGIC RESPONSE CAPABILITY AND FIRM COMPETITIVENESS: HOW OMOLUABI LEADERSHIP MAKES A DIFFERENCE   Abiodun Babatunde Onamusi Lead City University, Ibadan, Oyo State Nigeria DOI:https://doi.org/10.24818/beman/2020.10.4-02

This study assessed the effect of strategic response capability on firm competitiveness of selected paint manufacturers in Lagos State, Nigeria, more so, it ascertained the moderating effect of Omoluabi leadership on the interaction between strategic response capability and firm competitiveness. The study adopted a cross-sectional survey design and a sample of 343 employees of eighteen selected paint manufacturers in Lagos State, Nigeria. A hierarchical regression analysis to test three-way interaction hypotheses was conducted. The results showed that strategic response capability had a positive and significant effect on firm competitiveness (R2 = 0.46.3, F (1,341) 294.165, p= .000). Further analysis showed that the interaction term of strategic response capability and Omoluabi leadership explained the increase in firms’ competitiveness (ΔR2 =0.039, p=0.000) with the introduction of Omoluabi leadership as a moderator. The study through its findings established that strategic response capability enhances firm competitiveness through the deployment of Omoluabi leadership. Hence, this study recommends that firms should strengthen their strategic response capability and encourages leadership to imbibe the philosophy of Omoluabi leadership this is because such a leadership attribute potentially improves firm competitiveness.

3. DETERMINING THE MAIN CAUSES THAT LEAD TO CYBERSECURITY RISKS IN SMES   Andrei-Laurențiu Mitrofan  University POLITEHNICA of Bucharest Romania Elena-Veronica Cruceru  University POLITEHNICA of Bucharest Romania Andreea Barbu  University POLITEHNICA of Bucharest Romania DOI:https://doi.org/10.24818/beman/2020.10.4-03

The online environment brings business opportunities and connections that can help the development of small and medium companies, but it also contains many risks. The objectives proposed for this research are to identify the main concerns of entrepreneurs regarding cybersecurity and to determine the main causes of cybersecurity risks in micro, small, and medium-sized enterprises (SMEs). To determine the main causes that lead to the emergence of existing cybersecurity risks in SMEs, the authors conducted primary research, using the survey method through an online questionnaire. Among the research results it can be mentioned the need to strengthen the defense structure against cyberattacks for SMEs. The authors highlighted the issues related to the low level of preparation that entrepreneurs have regarding cyber threats because in a dynamic environment, such as cyberspace, the most vulnerable companies are those that do not invest in the cybersecurity structure.

4. GROWTH EFFECTS OF FOREIGN DIRECT INVESTMENT AND FINANCIAL DEEPENING IN NIGERIA (1981-2018)     Gbenga Babarinde Modibbo Adama University of Technology, Yola Nigeria DOI:https://doi.org/10.24818/beman/2020.10.4-04

This study investigates growth effects of foreign direct investment and financial deepening in Nigeria for the period 1981-2018. Data employed for this study were obtained from Central Bank of Nigeria Statistical Bulletin and World Development Indicators. Pairwise granger causality test and autoregressive distributed lag (ARDL) model were employed in the data analysis. Empirical results show that foreign direct investment (FDI) has positive significant effect on economic growth (GDP) in Nigeria both in the long and short runs. Financial deepening measured as broad money supply as a ratio of GDP (broad money velocity) has positive significant effect on GDP in Nigeria in the long run but the position is reversed to negative non-significant in the short run. In the long run, financial deepening indicator-credit to private sector as a ratio of GDP-, has negative non-significant effect on GDP in Nigeria while its influence is absent in the short run model. Findings also reveal a unidirectional causality from FDI to GDP. Likewise, unidirectional causality flows from GDP to each of the two financial deepening indicators, thus lending credence to the demand-following hypothesis. This study concludes that foreign direct investment and financial deepening have positive growth effects in Nigeria with causality flowing from foreign direct investment to economic growth and the latter granger-causing financial deepening in Nigeria. To boost economic growth, there is a need for Nigeria’s government to further develop the financial system and implement policies to stimulate FDI inflows to the country.

5. BUSINESS MODEL INNOVATION IN THE DIGITAL ECONOMY: BLOCKCHAIN BASED COLLABORATIVE MODELS   Florin Pucheanu Bucharest University of Economic Studies, Bucharest Romania Alexandru-Mihai Bugheanu Bucharest University of Economic Studies, Bucharest Romania Ruxandra Dinulescu Bucharest University of Economic Studies, Bucharest Romania DOI:https://doi.org/10.24818/beman/2020.10.4-05

The current paper focuses on blockchain technology as a novel actor shaping business models and leveraging another rising star of the global business, collaborative economy. The research aims to grasp the main intersection points between blockchain drivers and business model components. Therefore, to accomplish this objective, the paper identifies the main impact drivers of blockchain technology in relation to collaborative models as: cost reduction, risk reduction and disinter mediation. Secondly, we have turned our attention to the methods in which this new technology influences business model innovation. Furthermore, this paper presents the possible outcome scenarios taking into consideration four stages of business model innovation in relation to different degrees of blockchain adoption by organizations. The key findings of this study focus on the impact on value proposition, value creation, delivery and value capture, and the ways each scenario constitutes an opportunity or a threat to the focal firm.

6. SEXUAL HARASSMENT OR DELECTATION IN SMEs IN THE CONSTRUCTION INDUSTRY     Takupiwa Nyanga Great Zimbabwe University, Masvingo Zimbabwe Andrew Chindanya Great Zimbabwe University, Masvingo Zimbabwe DOI:https://doi.org/10.24818/beman/2020.10.4-06

Sexual harassment at workplaces significantly infringes the fundamental rights of both men and women to gender equality and social justice. The purpose of this study was to investigate whether sexual harassment at workplaces significantly affects job satisfaction among workers in SMEs in the construction industry. The study employed a purely qualitative research methodology to carry out the study. Convenience sampling technique was employed to select the 50 (fifty) participants who took part in the study. All the 50 workers who participated in the study were drawn from ten (10) SME construction companies in the city of Masvingo in Zimbabwe. Data was solicited using a 14-item face to face interview guide which was developed by the researcher. Data was analyzed and interpreted using the thematic data analysis method. The study established that sexual harassment at workplaces directly and indirectly affects workers in the construction industry’s job satisfaction levels. Sexual harassment at workplaces results in decreased work performance; increased absenteeism, loss of job or career, loss of income, being objectified and humiliated, loss of trust in the types of people that occupy similar positions as the harasser or his or her colleagues. Sexual harassment also leads to psychological disorders of victims. All the effects of sexual harassment negatively affect job satisfaction for workers in the construction industry. The study recommended that all arms of government responsible for enforcing sexual harassment laws and regulations should closely monitor sexual harassment activities in organizations and impose prohibitive sanctions upon the perpetrators. Organizations should also punish all the perpetrators of sexual harassment at workplaces.

7. POPULATION GROWTH AND BOTTLENECKS IN PROVISION OF QUALITATIVE PUBLIC INFRASTRUCTURE SERVICES IN THANE MUNICIPAL CORPORATION   Sanjay Rode S.K.Somaiya College, Somaiya University India DOI:https://doi.org/10.24818/beman/2020.10.4-07

Every municipal corporation must provide civic services to its population. Since liberalization period, the population and urbanization has increased very fast in Thane city. The density of population is continuously increasing due to growth of industries, services sector and clean environment in city. The commercial and residential complexes, Theaters, private parks, super specialty hospitals, Mall, educational institutions have grown significantly over the period. However, the quality of infrastructure services such as water supply, sewage collection and disposal, health services, water drainage, transportation, park and recreation are still inadequate to rising population in Thane Municipal Corporation area. Therefore, Municipal Corporation should increase its revenue sources through bond financing. Urban planning must be done in a systematic way and on urgent basis for entire corporation area. Municipal Corporation must provide quality services to its population. Municipal Corporation must invest financial resources for welfare of poor people and future planned economic growth of Thane city.

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