Why Design Thinking?

This study explores the pivotal role of design thinking and creativity in the realm of entrepreneurial innovation. The need for innovative ways to problem-solving and idea production is becoming more and more obvious as the entrepreneurial landscape changes. Iterative and human-centered design thinking provides entrepreneurs with a special framework for navigating the challenges of innovation. This study explores the interplay between design thinking and creativity, illuminating how these ideas merge to promote entrepreneurial success. Through a comprehensive analysis of case studies and empirical evidence, this study demonstrates the multifaceted impact of design thinking and creativity on fostering innovation in entrepreneurial ventures. The findings underscore the significance of cultivating a creative mindset and embracing design thinking principles as catalysts for entrepreneurial innovation in today's dynamic business environment.

The highly competitive and rapidly changing nature of the current business environment creates tremendous pressure on organizations to collaborate. This led to utterly different type of business eco-system in which individual organizations in collaborative business services increasingly demand for a collaborative business process that can easily adapt to changes. As a result, the development and management of organization's IT infrastructures that can able to cope up with the requirements of dynamic and flexible business environments are challenging. Service-based approach can enhance the development and management of collaborative processes through service abstraction to satisfy the needs of today's dynamic business environment. Service-oriented computing paradigm uses service models to represent the requirements of continuously changing business needs through service abstraction and use platform independent interaction nature of web service and its enabling available technologies for implementation. Hence, in this paper we discussed the collaborative BPM trends and concepts, technologies and proposed a generic framework to realize automatic conversion of service models into Web services in order to support dynamic and adaptive development of collaborative business process and deploy them over the internet through a web service standards platform.

The online sales channel, encompassing various platforms such as e-commerce websites, online marketplaces, and social media, has redefined traditional commerce by providing businesses with diverse mediums to engage with consumers in the virtual sphere. These platforms function as channels for businesses, enabling them not just to display their products or services but also to facilitate smooth transactions by leveraging the pervasive connectivity of the internet. This study aims to assess the impact of online sales channels, specifically focusing on their influence on customer engagement and revenue generation. In order to collect data, a survey questionnaire was sent to seventy-five (75) entrepreneurs. However, only fifty-four (54) questionnaires were completed and used. Data was also collected from secondary sources. The findings from the study revealed that the majority of entrepreneurs recognize the indispensability of online sales channels for the success of their business. Notably, businesses that strategically adopt and diversify these channels experience increased revenue and gain a competitive edge. Businesses are advised to prioritize and enhance their online presence based on the study's findings. Embracing comprehensive digital strategies, including websites and social media, is essential for success in today's dynamic business environment.

Strategic Compensation and Talent Management is a modern guide for managers and students navigating the complexities of pay, incentives, and workforce strategy in today's dynamic business environment. Written in a clear, conversational style, it blends real-world insights with foundational theory and invites readers to step into the manager's role to solve practical problems around attracting, retaining, and motivating talent. Expanded from 15 to 21 chapters, this second edition adds new content on performance management, remote and hybrid work, AI-driven compensation, pay transparency and evolving workforce expectations. A robust visual toolkit – including new diagrams and frameworks – enhances conceptual clarity, and all 50 real-world case discussions are now hosted online to support flexible teaching and group learning. With practical 'lessons for managers' in every chapter and a rich suite of teaching resources – including test banks, syllabi, and case materials – this text is both a classroom asset and a professional reference.

Towards a generic framework of OEE monitoring for driving effectiveness in digitalization era

The article substantiates the conceptual foundations for implementing measures to ensure security in implementing the technological management strategy in agricultural enterprises under modern dynamic conditions. It has been researched that an essential prerequisite for guaranteeing the effectiveness of the technological management strategy in agricultural enterprises is identifying and leveling threats to its provision and implementation. Hence, the prevention and mitigation of the consequences of the dangers is the primary condition for ensuring the security of an enterprise. A threat to the safety of an economic entity in the agricultural sector under current conditions is an actual or potential possibility of manifestation of the destructive impact of various factors in its development, which leads to certain losses and negative consequences. It is determined that the goal of technological management is to ensure the technical development of an enterprise in the agricultural sector, i.e., a purposeful, continuous process of changes in the technological revolutions of the enterprise's economic activity, which determine the development of resources, and together makes it possible to ensure the technological competitiveness and sustainability of an enterprise in today's dynamic business environment. Attention is focused on the need to implement the main practical measures to ensure the security of the implementation of the technological management strategy in an agricultural enterprise, which would include the development of a strategic plan to strengthen the protection of business entities, the creation of a separate structural unit responsible for ensuring the security of the enterprise, the development of a mechanism for monitoring and assessing the state of external and internal markets and the formation of recommendations for possible ways to increase the level of competitiveness. Keywords: management, enterprise, security, threat, strategy, technological management.

In the globalized business world, financial information security management (FISM) and corporate risk management (CRM) have become critical elements for ensuring business sustainability and gaining a competitive advantage. The security of financial information not only protects the financial integrity of businesses but also supports long-term success by enhancing reputation management, regulatory compliance, and stakeholder trust. However, the necessity of addressing the relationship between financial information security and corporate risk management within a holistic framework has not been sufficiently emphasized in the literature, especially with the increasing threats in cybersecurity. This gap creates uncertainties regarding how businesses should integrate financial information security into their risk management strategies. The purpose of this study is to analyze the interaction between financial information security management and corporate risk management and to provide a practical and applicable framework for integrating financial information security into business risk management strategies. The study examines how financial information security management is integrated into corporate risk management processes (risk identification, assessment, response, and monitoring) and its impact on organizational performance (cost reduction, efficiency improvement, and competitive advantage). Considering major financial crises and cyberattacks, the global impact of financial information security threats on businesses, national economies, and the global financial system is increasingly being discussed. In this context, the study highlights the critical importance of FISM and CRM for businesses and presents concrete examples of the risks that may arise if these two concepts are not considered together (data breaches, financial losses, reputational damage, legal sanctions). The study systematically reviews existing approaches in the literature (such as ISO 27001 and the NIST Cybersecurity Framework) to contribute to the development of effective financial security and risk management policies for businesses.This study employs qualitative research methods, including a literature review and expert opinions. By analyzing current studies and industry reports, the relationship between financial information security and corporate risk management is examined in depth.In conclusion, integrating financial information security management with effective corporate risk management policies plays a crucial role in enhancing business sustainability, gaining a competitive advantage, and reducing costs. Businesses must adopt a holistic management approach that incorporates cybersecurity measures, financial risks, and regulatory requirements. This comprehensive approach is essential for ensuring long-term success and maintaining a competitive edge in today's dynamic business environment.

This study delves into the intricate dynamics of organizational change and its impact on job satisfaction while focusing on the mediating role of organizational trust. Organizational change is a constant in today's dynamic business environment, and its effects on employee well-being are of paramount importance. Through a comprehensive analysis of empirical data and organizational behavior theory, this research uncovers how trust within an organization acts as a mediating factor in shaping job satisfaction during periods of transition. The findings offer valuable insights for both leaders and employees navigating change in modern workplaces.

In today’s dynamic business environment, organizations are adapting asset management strategies as a means of gaining a competitive advantage. This is achieved largely through implementing effective maintenance program(s). However implementing such program(s) is often not straightforward due to lack of a structured decision making framework. This article proposes a generic asset maintenance maturity model as a structured guide to maintenance process maturity. The proposed model aims at assessing the maintenance decision making capabilities within organizations. A weighted maintenance performance assessment score is proposed that facilitates performance measurement and benchmarking. Based on the weighted score, organizations are situated on a five-level maintenance maturity ladder. Moreover, the proposed approach incorporates risk assessment methodologies as a means of directing improvement actions towards maintenance maturity.

In today's dynamic business environment, organizations face the dual challenge of navigating complex changes while also cultivating a thriving, engaged, and future-ready workforce. This research brief provides a comprehensive roadmap for leaders and human capital professionals seeking to build inclusive, innovative, and resilient organizations. The brief covers key strategies such as forging impactful diversity, equity, and inclusion (DEI) partnerships, navigating transformative organizational change, developing future-ready leadership, unlocking the "blue ocean" advantage, and fostering a learning culture. It also highlights the importance of enhancing employee engagement and well-being through ethical leadership, work-life balance, and positive work connections. By leveraging these strategic human capital initiatives, organizations can unlock the full potential of their workforce and position themselves for sustainable growth and long-term success.

In today's dynamic business environment, the integration of analytical information systems into marketing product policy is a critical factor in achieving competitive advantage and operational efficiency. The rapid digitalization of economic processes necessitates the adoption of innovative technologies for product management, demand forecasting, and strategic decision-making. The purpose of this research is to identify the key directions for optimizing marketing product policy through the application of analytical tools, artificial intelligence, and data-driven decision-making. The study aims to develop practical recommendations for enterprises seeking to enhance their product strategies and market positioning using advanced digital solutions. The methodology is based on a systematic approach that combines market analysis techniques, including SWOT, PEST, ABC analysis, and the BCG matrix, with the integration of financial modeling to evaluate investment feasibility. By leveraging analytical information systems, the research provides a comprehensive understanding of how enterprises can optimize their product portfolio, streamline supply chain operations, and implement dynamic pricing strategies. Results indicate that businesses adopting digital analytics and automation in marketing management significantly improve their adaptability to market fluctuations and consumer behavior trends. The study of a real-world agricultural enterprise illustrates the practical impact of digital transformation in optimizing assortment strategies and mitigating risks associated with demand uncertainty. Practical implications emphasize the necessity of incorporating CRM and ERP systems, AI-driven forecasting, and omnichannel sales strategies to strengthen enterprise resilience in a competitive market. The implementation of analytical insights enables enterprises to personalize customer engagement, optimize resource allocation, and enhance profitability while maintaining strategic agility. Moreover, the research underscores the financial benefits of investing in value-added processing, demonstrating how product diversification contributes to long-term business sustainability. Value/originality lies in the novel integration of digital analytical frameworks within marketing product policy, offering enterprises a strategic roadmap for leveraging data intelligence to drive market success. Unlike conventional approaches, this research bridges the gap between theoretical advancements in digital marketing and practical applications, providing a forward-thinking model for sustainable growth. The insights presented in the study contribute to the broader discourse on digital business transformation, offering enterprises innovative pathways to refine their marketing strategies, strengthen brand positioning, and enhance market responsiveness in the era of data-driven decision-making.

In today's dynamic business environment, organizations must continuously strive to enhance their performance to achieve sustainable success. This review paper explores the various aspects of organizational performance and its impact on project efficiency, business success, and future readiness. This paper delves into the intricate connections between these elements, examining how organizational performance acts as a driving force behind achieving project milestones, fostering sustainable business growth, and positioning organizations for future adaptability and success. Organizational performance is a critical factor in the success and sustainability of construction organizations. Hence, construction organizational performance encompasses a construction company's ability to accomplish its strategic goals and objectives. Effective project management practices, coupled with a skilled and motivated workforce, are essential for delivering projects on time, within budget, and to the required quality standards. The qualitative methodology employed for this study includes content analysis techniques. Focusing on the Malaysian construction industry context, the paper examines how organizational performance affects these dimensions and discusses strategies for enhancing performance. Throughout the review paper, a wealth of real-world evidence is presented, including case studies, industry benchmarks, and academic research, to validate the relationships between organizational performance and its impact on project efficiency, business success, and future readiness.

Project management information systems (PMIS) are crucial tools in today's dynamic business environment. With the advancement of artificial intelligence (AI) technologies, there are significant opportunities for enhancing PMIS functionalities. The purpose of this article is to analyze current get AI implication for solving PMIS challenges module by module. The results of this study provide theoretical validation that certain modules within PMIS can be enriched through AI integration, thus engendering the emergence of supplementary module facilitated by AI.

This research paper explores the intersection of Industry 4.0 principles with defects, quality management, and data science. In the era of Industry 4.0, characterized by automation, connectivity, and data-driven decision-making, manufacturing processes have undergone significant transformations. This study investigates how Industry 4.0 technologies such as Internet of Things (IoT), Artificial Intelligence (AI), Big Data analytics, and Cyber-Physical Systems (CPS) contribute to defect detection, quality improvement, and predictive maintenance in various industrial sectors. By analyzing case studies and leveraging data science methodologies, the paper examines the integration of real-time data collection, analysis, and feedback loops to enhance product quality, reduce defects, and optimize manufacturing processes. The findings highlight the potential of Industry 4.0 strategies in driving continuous improvement, operational efficiency, and competitiveness in today's dynamic business environment.

The rapidly changing data requirements of today's dynamic business environments are not handled well by current online analytical processing (OLAP) systems. Physically integrating data from new sources into OLAP systems is a long and time-consuming process, making logical integration the better choice in many situations. The increasing use of Extended Markup Language (XML) suggests that the required external data will most often be available in XML format. We present a theoretically well-founded approach to the logical federation of OLAP and XML data sources. The approach allows external XML data to be presented along with dimensional data in OLAP query results and enables the use of external XML data for selection and grouping. Special care is taken to ensure that semantic problems do not occur in the integration process. This opens up many new application areas for OLAP. A number of effective optimization techniques for OLAP-XML federations are presented. Performance results from the prototype implementation show that the approach is an attractive alternative to physical integration. The approach is exemplified using a real-world case study from the B2B domain.