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  Introduction For most companies, the value chain remains a way to reduce costs and improve value reliability. For years, efficiency and cost-cutting were considered sufficient targets to support profit growth. However, in a competitive environment, investors are now demanding more. Companies need to consider positioning their products and services to drive long-term differentiation, reach targeted customer satisfaction, and build exceptional customer relationships. Difference between supply chain and value chain When applying for funding, you need to think about the logistics of your supply and value chain. When raw materials for a particular product or service are produced and distributed, the supply chain represents the steps that are taken to bring the raw materials and product to market. Multidisciplinary and collaborative supply chains bring great benefits to companies through diversified resource integration, lower logistics costs, improved logistics efficiency, and higher ...

  Introduction  To a certain extent, numerical methods can be used to find an acceptable value based on convergence criteria. To this end, it is proposed that the Cartesian geometry can be used on a three-dimensional Euclidean space to represent the blurred net present value (NPV) and to calculate the Financial Internal Rate of Return (FIRR). Since NPV is a fuzzy variable, the FIRR is expectedly set to the discount rate of the value that is zero for each number. The power of Net Present Value Estimation Simulation methods can be used to estimate the net present value (NPV) of a mineral deposit. The lower and upper limits of the NPV indicate the probability distribution. The NPV obtained from the distribution is the result of the simulation, and the decision-maker decides on the probability of success of the mining projects. The probability distribution of the NPV of each repository is estimated from the results of each iteration. The cash flow for each project is monitored in ...

  Introduction To keep up with the fast-changing market and improve customer experience, many organizations strive to create an innovation culture that celebrates cooperation, idea exchange, and risk-taking. Innovation is a byproduct of a culture that emphasizes trust, relationship building, and hard skills learning. Creating this culture begins with a power-based approach that encourages leaders to focus on their employees' strengths. How does business innovation drive a cultural vibe to the organizational structure? Business innovation is best for an organization to maintain its success. Innovation is the ability to exploit new ideas, make changes, and develop new methods and processes to create new products and services. Organizations that employ innovative thinkers foster a creative work culture and understand such critical skills are necessary to succeed in a competitive economy. Organizations that optimize the human connection and place more value on joint efforts are more li...

  Introduction  While SWOT analysis is a great way to identify the current situation of your marketing and business strategy projects, TOWS is a variable version to create strategies. During the strategizing process, you can apply SWOT to identify your strengths, weaknesses, opportunities, and threats and then use TOWS to process your SWOT results to apply future strategies. The TOWS Matrix is a simple and effective method to develop specific strategies to consider the results of SWOT examination.  A key component of strategic marketing planning is the implementation of a TOWS analysis. This analysis helps to identify problematic areas of your business so that you can maximize your potential opportunities.  The comparison between a SWOT analysis and TOWS Matrix SWOT analysis is a technique used to inform and review potential strategic initiatives as part of the strategic planning phase of the situation analysis phase. It is an acronym that analyzes strengths, weaknes...

  Introduction For organizations that want to drive positive behavioral change, nudge theory is a practical concept that should be known. It works on the principle that small measures can have a significant impact on people's behavior. When you hear the term "nudge" in the workplace, it often comes up in conversations about how to influence workplace behavior. Nudge can help people make better decisions and bring about positive change. This article is about how we can apply this concept to our employee development programs and how to avoid pitfalls and use Nudge to make positive changes in the workplace. A literature review of Nudge Theory The concept of nudge theory was developed by the American economist Richard Thaler and the Harvard Law School professor Cass Sunstein, who popularized the concept with the publication of their book Nudge: Improving Decisions for Health, Wealth and Happiness in 2008. According to Nobel laureate economist Richard Thaler, nudging is an asp...

  Introduction Given the growing urgency to meet common challenges and Sustainable Development Goals (SDGs), social innovation plays an important catalyst in highlighting and integrating the work of locally sustainable solutions into the global economy. Social entrepreneurship, a community organization made up of social innovation approaches in the form of community organizations, shows alternative working models to address the critical challenges facing our planet, societies, and economies. Social innovation addresses some of the world's most serious challenges, ranging from inequalities in girls' education to disaster relief, which affects all of us, but especially vulnerable and marginalized groups.  What is the concept of social innovation? Social innovation can help solve some of the world's most pressing problems with new solutions like fair trade, distance learning, mobile money transfers, restorative justice, and carbon-free housing. In this article, we discuss the ...

  Introduction Big data is making great strides in self-driving car capabilities, driver safety, and improving the customer experience. Indeed, the international consultancy McKinsey & Co. predicts that big data in cars will become a $750 billion industry by 2030. This shows that big data will become the cornerstone of the driverless car of the future. Ford is leveraging big data to improve the customer experience, operational reliability, and fundamentals of autonomous vehicles. Simply put, the power of big data does not give autonomous vehicles the power to think only. Autonomous cars will make their decisions based on the data they can collect. How has big-data integration become popular in autonomous cars? The available data is a critical factor that will affect the automation and motorization of self-driving cars. The problem with the data collected in cities is that it is highly differentiated and unstructured and that big-use methods and algorithms cannot process and ana...

  Introduction Competitive pricing of your products and services on the market puts your brand in a better position to attract customers and businesses. Competitive prices work best when your business offers competition not only exceptional customer service but also generous return policies and access to exclusive loyalty benefits. Price matters, but focusing on offering your product at a lower price than your competitors does not work. The introduction of the "better than good enough" pricing can attract new businesses and improve profits.  How does pricing strategy affect a company's profitability? When a company guides or nudges its customers through various price points and areas, it may influence customers' perception of price and value through framing and anchoring techniques. A pricing strategy is the method of pricing used by a company to determine how much it sells its goods and services. Choosing the right pricing strategy requires a deep understanding of yo...

  Introduction As its name suggests, the BCG matrix, also known as the Boston Growth-Share Matrix, was developed by Boston Consulting Group and has become a popular tool for evaluating a corporate portfolio from which to make strategic investment decisions. The BCG matrix is a growth-share business planning tool that can be used to represent a proprietary brand portfolio ( SBUs) in quadrants relative to market share (horizontal axis) and the speed of market growth (vertical axis or axis). Based on this assessment, the matrix helps inform the long-term strategic planning of the current product portfolio of a company by indicating whether a product should be invested, discontinued, or developed. A deep understanding of the BCG Matrix The BCG (Boston Consulting Group) Matrix, also known as Boston Growth-Share Matrix, was developed in the 1970s by Bruce Henderson of Boston Consulting Group (BCG) to determine the desired allocation of resources, including cash. The main task in analyzin...