Business ProspectsPub Date : 2022-12-01DOI: 10.52288/bp.27089851.2022.12.05
Zhaopeng Xu
{"title":"Assess the Efficiency of Ping An and Ren Shou’s Use of Life Insurance Business FundsBased on the DEA Model","authors":"Zhaopeng Xu","doi":"10.52288/bp.27089851.2022.12.05","DOIUrl":"https://doi.org/10.52288/bp.27089851.2022.12.05","url":null,"abstract":"Ping An and Ren Shou have always been the two leading players in China’s life insurance industry. Ping An, founded in 2002 as a private enterprise, has been continuously improving its life insurance to try to surpass Ren Shou, which was established in 1996 as a state-owned enterprise. Losing the advantage of starting capital amount and experience, the best way for Ping An to surpass Ren Shou is to enhance its capital operation efficiency. This paper takes the capital utilization efficiency of Ping An as the main study object compared to that of Ren Shou to give suggestions for the use efficiency of funds. The DEA was used to analyze the data of investment income, operating income, management expenses etc. of the two companies from 2006 to 2021. The operating results showed that fund-using of Ping An was less efficient than that Ren Shou. According to the results, the recommendations given are to improve pure technical efficiency, expand the size of the company, and establish a money management company.","PeriodicalId":239461,"journal":{"name":"Business Prospects","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116748667","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business ProspectsPub Date : 2022-12-01DOI: 10.52288/bp.27089851.2022.12.02
Ting Zeng
{"title":"Research on the J.P. Morgan in Digital Ecosystem","authors":"Ting Zeng","doi":"10.52288/bp.27089851.2022.12.02","DOIUrl":"https://doi.org/10.52288/bp.27089851.2022.12.02","url":null,"abstract":"J.P. Morgan is a global leader in financial services, offering solutions to the world’s most important corporations, governments and institutions in more than 100 countries. The paper mainly analyzes the leader of digital transformation in the banking industry by Grey Relation Analysis. J.P. Morgan is actively deploying advanced technologies such as blockchain and artificial intelligence to enhance its digital capabilities and promote the implementation of digital scenarios. We believe that the research into J.P. Morgan’s digital transformation has important reference significance for China’s banking institutions to accelerate digital transformation and build the core competitiveness of digital banks with technological innovation as the key gene.","PeriodicalId":239461,"journal":{"name":"Business Prospects","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128979065","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business ProspectsPub Date : 2022-12-01DOI: 10.52288/bp.27089851.2022.12.01
Tianxiang Zhu
{"title":"EVA Performance Evaluation Analysis and Improvement Path of ICBC","authors":"Tianxiang Zhu","doi":"10.52288/bp.27089851.2022.12.01","DOIUrl":"https://doi.org/10.52288/bp.27089851.2022.12.01","url":null,"abstract":"With the constant change of the economic environment, the state has strengthened the supervision of financial institutions, and the original monopoly pattern of commercial banks has been further broken under the change of policies. In this context, this paper analyzes the profitability of Industrial and Commercial Bank of China (ICBC) through its basic financial statements in the past five years, investigates its comprehensive capacity based on EVA, studies the value of commercial banks, and puts forward relevant improvement measures. This is of great significance to its sustainable development.","PeriodicalId":239461,"journal":{"name":"Business Prospects","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134411745","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business ProspectsPub Date : 2022-12-01DOI: 10.52288/bp.27089851.2022.12.04
Y. Cai
{"title":"Replacement Trend of New Mobile Products under Product Life Cycle Model","authors":"Y. Cai","doi":"10.52288/bp.27089851.2022.12.04","DOIUrl":"https://doi.org/10.52288/bp.27089851.2022.12.04","url":null,"abstract":"With the rapid development of science and technology, the Internet, a huge network connected by networks, has occupied most of our lives. The demand of mobile phones is getting higher than before because of the smart data era. However, the convenience of smart phones is apparently couple with rapid replacement of new types. Apple of the United States, Huawei of China and Samsung of South Korea are the three giants in the mobile phone industry appeal users all over the world. However, none of them will stay in the end users for more than a handful years since new versions are scheduled releasing every year. Based on the sales data from popular models of Apple, Huawei and Samsung in recent years and the product life cycle theory, the amount sold are compared and analyzed in this study from the aspects of self-replacement and brand replacement along with projection of the replacement trend of their new products. Finally, relevant suggestions are proposed for the breakthrough of new mobile phone products.","PeriodicalId":239461,"journal":{"name":"Business Prospects","volume":"131 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132419327","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business ProspectsPub Date : 2022-12-01DOI: 10.52288/bp.27089851.2022.12.03
Xinyan Liu
{"title":"Application of Regression Analysis on the Impact of Various Factors on Lenovo Group’s Profits","authors":"Xinyan Liu","doi":"10.52288/bp.27089851.2022.12.03","DOIUrl":"https://doi.org/10.52288/bp.27089851.2022.12.03","url":null,"abstract":"For an enterprise, profitability is the specific performance of business results in each link, one of the important indicators, and the most direct response to its ability to make profits. Lenovo Group has been on the Fortune 500 list continuously, with its total income increasing and ranking rising, but its profit has not maintained growth all the time. Using descriptive statistics, correlation analysis, Unit root test, Johansen Cointegration Test, Granger Causality Test, and Vector Autoregressive Models (VAR), this paper establishes multiple regression equations to analyze the impact of various factors on its profits from 2000 to 2021 and helps Lenovo Group to improve its profitability while maintaining the continuous growth of total revenue.","PeriodicalId":239461,"journal":{"name":"Business Prospects","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128087451","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business ProspectsPub Date : 2022-12-01DOI: 10.52288/bp.27089851.2022.12.06
Wanying Wang
{"title":"The Grey Relation Comparison of Brand Value and Business Ranking for L’Oréal and Dior","authors":"Wanying Wang","doi":"10.52288/bp.27089851.2022.12.06","DOIUrl":"https://doi.org/10.52288/bp.27089851.2022.12.06","url":null,"abstract":"As the only luxury company in the Fortune Global 500 list, Dior is far behind the FMCG company L’Oréal in the world’s most famous brand value appraisal agency Interbrand. However, Dior is far superior to L’Oréal in the Fortune Global 500 ranking. The difference between which is due to the calculation basis. This paper analyzes the calculation basis of Interbrand and Fortune Global 500 ranking by Gray Relation Analysis, and finds that the impact of profits, assets, shareholders’ equity and number of employees on the ranking of Fortune Global 500 and Interbrand models is significantly different. The analysis shows that both Dior and L’Oréal have the strongest correlation between shareholders’ equity and its ranking results in both Fortune Global 500 results. This is true for L’Oréal in the Interbrand valuation model. For Dior, however, profits has the strongest impact on its ranking in the Interbrand valuation model. The two companies need to start from the two factors of shareholders’ equity and profits respectively if they want to improve their corporate rankings and brand value.","PeriodicalId":239461,"journal":{"name":"Business Prospects","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122998028","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business ProspectsPub Date : 2022-06-01DOI: 10.52288/bp.27089851.2022.06.03
Jia-Rong Xu
{"title":"Analysis of Bullwhip Effect Under Different Segmentation Conditions of Daily Used Chemical EnterpriseTake P&G and Unilever as Examples","authors":"Jia-Rong Xu","doi":"10.52288/bp.27089851.2022.06.03","DOIUrl":"https://doi.org/10.52288/bp.27089851.2022.06.03","url":null,"abstract":"The Fortune Global 500, which includes industrial, corporate and service companies, released its latest ranking on August 2nd, 2021. As the most famous and authoritative list to measure the world’s largest companies, it provides the latest development trend of the world’s largest enterprises. The companies on the list are all the best in every field. There is no doubt that these enterprises provide reference value to similar enterprises in marketing strategies, supply chain management, talent training and product orientation. This paper focuses on the products demand and supply chain management of daily used chemical enterprises, take Protect & Gamble (rank 128th in The Fortune Global 500, 2021) and Unilever (rank 175th in The Fortune Global 500, 2021) as examples and explore their products demand under different conditions. The STP strategy is applied to re-segment the market of the two companies. The data are collected and sorted from the three aspects of geographic regions, product categories and four quarters to obtain the volatility of each group of data under each segmentation condition. The data are combined and analyzed using the Bullwhip Effect to find out the largest and smallest fluctuations of combinations. According to the relevant results, the preventive measures and solutions to Bullwhip Effect are proposed for reference to reduce costs and improve efficiency.","PeriodicalId":239461,"journal":{"name":"Business Prospects","volume":"2008 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117046998","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business ProspectsPub Date : 2022-06-01DOI: 10.52288/bp.27089851.2022.06.01
Grant G. L. Yang, Jiajia Gong
{"title":"Comparison and Estimation of Brand Value for the Operation Strategies","authors":"Grant G. L. Yang, Jiajia Gong","doi":"10.52288/bp.27089851.2022.06.01","DOIUrl":"https://doi.org/10.52288/bp.27089851.2022.06.01","url":null,"abstract":"Creating a brand is a competitive strategy. In order to prevent other products from replacing their own products, companies will find ways to establish their own brands in order to better control the market since the production of brands is generally considered to be the result of market competition. In recent years, some corporate management consulting companies and brand evaluation agencies have released various brand value lists. However, there is still no unified consensus on the quantitative assessment of brand value. This study introduces key global brand valuation authorities and the methods they applied for brand valuation. The impacts of profits, revenue and asset on brand evaluation are investigated as the regressors to estimate the brand value of Fortune Global 500 in 2021 and to propose diverse operation strategies for improving the brand value and sustaining the life of brand. The results suggest that profits and total revenues outperform assets in brand value evaluation, and BrandZ is the highest among the brand multipliers estimation, Interbrand is in the second, GYbrand is slightly lower than Interbrand, and Brand Finance is the lowest. The results also suggest that brand value innovation can enhance the extensive and lasting trust relationship of customers on related products, and increase the frequency and type of repeated purchases. It can promote the value spillover of brand reputation and promote the expansion of brand equity to establish an effective barrier for competitors to enter.","PeriodicalId":239461,"journal":{"name":"Business Prospects","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123524835","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business ProspectsPub Date : 2022-06-01DOI: 10.52288/bp.27089851.2022.06.04
Yu He
{"title":"Thoughts on the Bulk Supply Chain Services of Xiamen Xiangyu Co., Ltd","authors":"Yu He","doi":"10.52288/bp.27089851.2022.06.04","DOIUrl":"https://doi.org/10.52288/bp.27089851.2022.06.04","url":null,"abstract":"Under the influence of globalization, the supply chain (SCM) has expanded into a globally integrated supply chain across regions and borders. With the increasing volume of China’s commodity trade year by year, China has become the largest global commodity consumption and import for many consecutive years. On August 29, 2011, Fujian Xiamen Xiangyu Co., Ltd. held a grand restructuring and listing ceremony in the Shanghai Stock Exchange, integrating the high-quality asset injection of its logistics and related industries. In recent years, Xiamen Xiangyu Group Co., Ltd. has been committed to supply chain management services, and entered the Fortune Global 500 list in 2018. Taking Xiamen Xiangyu Group Co., Ltd. as an example, this paper uses financial analysis and QR (quick response) methods to analyze the company’s main business-global commodity supply chain services. The regression analysis is used to predict the development of the Xiangyu Group case in the next three years and the results show that the bulk commodity supply chain chosen by Xiangyu, as its main business, has a broad market space and a huge market concentration and improvement potential. The continuous transformation and upgrading of the supply chain have brought benefits to the company and created a new service development model in Xiamen for better development prospects.","PeriodicalId":239461,"journal":{"name":"Business Prospects","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121160800","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business ProspectsPub Date : 2022-06-01DOI: 10.52288/bp.27089851.2022.06.05
Site Chen
{"title":"How Does Ownership Structure Affect Business Performance?-A Study based on 2021 Fortune 500 Retail Industry Enterprise","authors":"Site Chen","doi":"10.52288/bp.27089851.2022.06.05","DOIUrl":"https://doi.org/10.52288/bp.27089851.2022.06.05","url":null,"abstract":"This paper mainly analyzes the impact of ownership concentration on corporate financial performance from the perspective of ownership structure and company financial performance. The equity concentration is mainly demonstrated from the proportion of the largest shareholder’s shareholding, and the financial performance is mainly demonstrated from three aspects: solvency, operating ability, and profitability. It is to study whether the ownership structure is related to the financial performance of the retail industry and how to pass change corporate ownership structure to improve corporate financial performance. Based on the analysis of the ownership structure and financial performance data of 14 retail companies in the “2021 Fortune 500”, EViews 10 software was used to process the data. Results of the study demonstrate that when the state-owned holding factor is included, the shareholding ratio of the largest shareholder has a significant negative correlation with company performance. This also means that, for enterprises in the retail industry, the higher the degree of equity concentration of the enterprise, the less conducive to the growth of the financial performance of the enterprise.","PeriodicalId":239461,"journal":{"name":"Business Prospects","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131554941","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}