International Journal of Academic Research in Economics and Management Sciences

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Volume 6, Issue 4 (October, 2017)

Planning using Hoshin Kanri
Author(s): Douli Souad, Cherifi Messaouda, Karima Maazouzi      Pages: [1-13]
Abstract

This paper describes a technique for planning, known as Hoshin Kanri. It is a system of management policy considering the direction, target and means. It emphasizes on the mutual operation of resources with the concept of total quality management to achieve the highest goal by supporting and linking the potential of organization. The problem of applying the concept of planning using Hoshin Kanri, is that it can tend to challenge the traditional authoritarian strategic planning models, which have become the paradigms of modern business. Yet Hoshin Kanri provides an appropriate tool for the declaration of the strategic vision of business while integrating goals and targets in a single holistic model. There have been various adaptations of Hoshin Kanri to align the technique of western thinking and management approaches, yet outside japan its significance has gone largely unreported. It is proposed that Hoshin Kanri is an effective methodology for planning, which has a number of benefits over the more conventional planning techniques. The benefits of Hoshin Kanri as a tool for planning compared to conventional planning systems include: integration of strategic objectives with tactical daily management, the application of the plan-do-check-act cycle to business process management and parallel planning.This paper suggests a methodology that focuses on the vision of Hoshin Kanri.

Keywords

Hoshin Kanri, Planning, Strategy, Total Quality Management, Policy Deployment

Full Text :PDF DOI: 10.6007/IJAREMS/v6-i4/3175
Abstract

The ability to manage an individual’s time, to plan and to assign priorities, the ability to think critically, to solve problems and fix decision, or the ability to create a good working relationship through networks are just a few of several soft skills that a person needs to have in order to serve efficiently in the workplace. This research aims to investigate the effect of soft skills on principal leadership. To investigate the effect of competence on principal leadership. To investigate the effect of Human Relationship Skills on principal leadership. To investigate the effect of Soft Skills, Competence and Human Relationship Skills on principal leadership. The population in this research is all SMA (General Secondary School)/SMK (Vocational Secondary School) principals amounting to 93 civil servants composed of several divisions, while the samples of 75 people were taken using total sampling method. In data analysis technique, Linear Regression technique was used, Classical Assumptions Test, Parameter Estimates, Hypothesis Testing and Coefficient of Determination (R2). The study leads to the results that soft skill has an effect on principal leadership. This means that improving soft skills will develop principal leadership. Competence has no effect on principal leadership. With the decline of competencies followed by the decline of principal leadership, Human Relationship Skills on Principal leadership. With the existence of improvement of Human Relationship Skills followed by increasing the leadership of the Principal and no influence of Soft Skills, Komptensi and Human Relationship Skills against the leadership of the head of the school.

Keywords

Soft Skills, Competency, Human Relationship Skills, Principal Leadership

Full Text :PDF DOI: 10.6007/IJAREMS/v6-i4/3413
Abstract

Job satisfaction is one the most cited subjects by far within various contexts. Research regarding job satisfaction has flourished since the onset of the 20th century and job satisfaction is not only scrutinized by means of its structure, antecedents, and consequences; but also by means of its relationships with countless business issues. Despite this interest, there is still a small gap in job satisfaction literature: workers’ and managers’ job satisfaction factors are not structurally compared, and their possible relationships are not fully addressed. This study exactly targets the mentioned gap. In this respect, data from workers and managers are collected through the research conducted in ?kitelli organized industrial zone and job satisfaction structures of these two parties are compared. Comparison reveals that there are differences in job satisfaction components, despite presence of some common points. When the relationship between workers’ and managers’ job satisfactions is analyzed, a positive and moderate reciprocal connection emerges. All these outcomes are considered and discussed.

Keywords

Managers, Workers, Job Satisfaction, Organized Industrial Zone, Turkey.

Full Text :PDF DOI: 10.6007/IJAREMS/v6-i4/3434
Abstract

This study aims to find out about bureaucracy transformation in the management of regional assets covering administrative reform, transparency, and professionalism of apparatus in the management of regional assets. The method of this research is qualitative with descriptive type. Data collection was done by observation and interview. The results showed that the asset management is centralized to be easily monitored. Moreover, asset has many types, ranging from moving goods to the immovable, while Perfection of performance is done by monitoring function by leader to activity or program of asset management of area which is being implemented. The government's responsibility to provide accurate information about local assets still takes time for inventory through the asset census because of the many local assets it has. Transparency of asset management is important to do because without the existence of transparency of management hence difficult to succeed in improving performance management of local property become WTP (Wajar Tanpa Pengecualian). Then to improve the professionalism of the apparatus of the asset area then there will be held a training for goods committee so that rules related to the utilization of regional property can be understood.

Keywords

Transformation, bureaucracy, Asset Management.

Full Text :PDF DOI: 10.6007/IJAREMS/v6-i4/3435
The Optimal Transparency of Monetary Policy
Author(s): Hakan BAKKAL      Pages: [57-71]
Abstract

In this study, optimal transparency is examined in terms of monetary policy. Since about the last two decades, more emphasis has been placed on implementations of the monetary policy transparency for the success of the inflation targeting regime adopted by many countries. It is considered that transparency will be beneficial, such as the ability of central banks to make better predictions of economic units and to increase the credibility and persuasion power of the central bank. It is assumed that practices in this context will produce better results for the effectiveness of the monetary policy, but there is not always an expected outcome for an increase in the level of transparency. With this study, the negative effects of high transparency are put forth and what the optimal level of transparency should be is dealt with. In addition, the development of the central bank of the republic of Turkey in the context of transparency is stated.

Keywords

Transparency, Monetary Policy, Central Banks, Central Bank of the Republic of Turkey, Monetary Policy Regimes.

Full Text :PDF DOI: 10.6007/IJAREMS/v6-i4/3442
Abstract

Economic growth has seen in the tourism and hospitality industry and competition in this industry has caused in discovering consumer loyalty as a key success factor. Consumer loyalty can raise the business’s value and maintain a long term relationship between the consumers and company. In this review, consumer involvement is identified as the independent variable and able to influence consumer loyalty. Furthermore, the newly emerged term of consumer engagement acts as the mediator of the relationship between consumer involvement and consumer loyalty. This review paper proposed that these three constructs are interrelated. Besides that, due to the widely used of term involvement, engagement and loyalty, this study explores the complexity of the multi-dimensions and dynamic nature of the constructs. The purpose of this study is to review published journals on consumer involvement, consumer engagement and consumer loyalty to better understand its evolution and development especially in tourism and hospitality industry. Besides that, the theories and its application were also discussed. The theory that is suitable to the current research paper is Service Dominant Logic theory while the supporting foundations are Consumer Engagement Model, Consumer Involvement Profile, and 3H’s Model. This review on previous published materials also found out that linkage between the variables exists. Besides that, the dimensionalities of consumer involvement and consumer engagement were found to have varies sets of dimensions. Thus, selecting suitable dimensionality in representing the constructs is essential to gain a reliable result. The main conclusion drawn from this review is that consumer involvement and consumer engagement are able to influence consumer loyalty in tourism and hospitality industry. The contributions of current paper and implications for future researchers were discussed.

Keywords

Consumer loyalty, consumer involvement, consumer engagement, and tourism and hospitality industry.

Full Text :PDF DOI: 10.6007/IJAREMS/v6-i4/3477
The Role of Shared Vision in the Effect of Perceived Code of Ethics on Corporate Reputation Management: A Study in the Banking Sector
Author(s): Turgut Emre AKYAZI, Aykut BEDUK, Mehtap OZTURK, Kemalettin ERYESIL      Pages: [91-103]
Abstract

Avoiding the pitfalls of unethical behaviour and establishing an ethical climate within the firm requires an ethical infrastructure. A code of ethics is increasingly a critical component of a firm’s ethical infrastructure that managers can employ (McKinney, Emerson, and Neubert, 2010: 507). Besides, the relevant literature points out that reputation of the company must be purposefully managed so that it becomes the best possible source of sustainable competitive advantage and potential for increasing corporate value (Wiedmann and Buxel, 2005: 146). The primary aim of this empirical study is to reveal the relationship among ethical codes (EC), corporate reputation management (CRM) and shared vision (SV). For this purpose, data were gathered from employees working in both state and private banks in Aksaray province. The participants of the study are 76 bank employees from 13 out of 30 bank branches located in the city centre. The findings of the study revealed that there is a strong relationship among all the variables. The hierarchical regression analysis showed that although SV has a positive and meaningful effect on corporate reputation, it does not moderate the relationship between EC and CRM. Findings are discussed and implications for future research are also presented in the study.

Keywords

Ethical Codes, Code Of Ethics, Corporate Reputation Management, Shared Vision, Moderator Effect

Full Text :PDF DOI: 10.6007/IJAREMS/v6-i4/3478
The Relationship between Tourism and Economic Growth: OECD Countries
Author(s): Tuncer GOVDELI, Tuba BASKONUS DIREKCI      Pages: [104-114]
Abstract

In the present study, the long-term relationship between tourism revenues and economic growth between the years 1997 and 2012 was analyzed for 34 OECD countries using panel cointegration tests. Pedroni and Kao cointegration tests were used for this purpose. Based on the results of the panel cointegration analyses, it was found that the increase of tourism revenues had a positive effect on economic growth in the long term.

Keywords

Tourism, Economic Growth, Panel Data Analysis, Cointegration, FMOLS, OECD

Full Text :PDF DOI: 10.6007/IJAREMS/v6-i4/3489
Abstract

The effect of clustering on product innovativeness in manufacturing SME sector has been analyzed in this study. The cooperation of firms at national level and on a global scale is becoming more and more important as a tool of economic development. SMEs tend to work together in order to share their competencies, reduce various costs, consolidate limited resources, and hereby increase their productivity, product innovativeness, and profitability. Clusters create the environment for innovation and technological advancement. Therefore, SMEs may gain additional benefits that include know-how, cost-saving options, and innovative products to fulfill unmet customer needs. The study has concluded that the clustering of manufacturing SMEs is closely related to product innovativeness and hence their competitiveness at the local and regional level.

Keywords

Small and medium-sized enterprises, Manufacturing, Clustering, Product Innovativeness, Kenya

Full Text :PDF DOI: 10.6007/IJAREMS/v6-i4/3499
Abstract

This study aimed at determining the role of research institutions in product innovativeness (PI) in the context of manufacturing SMEs in Kisumu, Kenya. Using a cross sectional survey design with a sample size of 126, a six-predictor logistic model was fitted to the data to test whether collaboration with partners and research institution technology could have an effect on product innovativeness of manufacturing SMEs in Kisumu. Three predictors (search for new product ideas, externally sourced product/market information, and research institutions technology transfer were significant positive predictors of product innovativeness. Therefore, it implies that collaboration with partners and technology transfer by research institutions enhances SMEs’ product innovativeness. Therefore the promotion of collaborations with partners and technology transfer by research institutions for purposes of sharing information/ accessing the diverse knowledge base on new product design, development and production.

Keywords

Small and medium-sized enterprises, Manufacturing, Collaborations Research Institutions Product Innovativeness, Kenya

Full Text :PDF DOI: 10.6007/IJAREMS/v6-i4/3500
Visual Dimension in the Performing of Makyung Raja Besar Ho Gading
Author(s): Zolkipli Bin Hj. Abdullah, Syarul Azlina Bt Dato' Haji Sikandar      Pages: [154-161]
Abstract

This research intends to study the exploration of visual dimension in the visual arts and identities performance of Makyung Raja Besar Ho Gading. Visual dimension is a very important process in producing a production that had its own artistic meaning and values. The changing process for visual arts and visual identities could be created in abstracts, realistic and experimental forms, according to the concept and theme of the production that are being projected on the stage. Due to this, the research showcases the roles of the visual arts and visual identity exploration in mutually shaping the performing arts of Makyung Raja Besar Ho Gading with the application of arts and design principles. The exploration of visual arts and visual identity in the performance of Makyung Raja BesarHoGading has the aesthetic values that are consisted of the sociocultural influence from the society and visualises the life of Raja BesarHoGading and his royal siblings. The dramatic imagery of the seven siblings had been the symbolic representation of the society connected with the brotherhood and togetherness, vendetta among each other. The research outcomes will exhibits the importance of identification of visual arts and visual identities that had been used in the performance of Makyung Raja BesarHoGading in order to increase the understanding of the visual arts as inspiration sources for the artistic designer in the context of designing and building the set based on the sociocultural symbolism of the aristocrats.

Keywords

Dimension, Visual Arts, Visual Images, Set Design

Full Text :PDF DOI: 10.6007/IJAREMS/v6-i4/3516