South Asian Journal of Business and Management Cases最新文献

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Using Case Study Research in Post Graduate Teaching 案例研究在研究生教学中的应用
South Asian Journal of Business and Management Cases Pub Date : 2021-08-01 DOI: 10.1177/22779779211028444
Shreya Mishra, A. Dey
{"title":"Using Case Study Research in Post Graduate Teaching","authors":"Shreya Mishra, A. Dey","doi":"10.1177/22779779211028444","DOIUrl":"https://doi.org/10.1177/22779779211028444","url":null,"abstract":"Harvard Business School pioneered the use of cases as a pedagogical tool in the early 1920s. Since then, it has been adopted by management schools across the globe. Teaching cases used for class teaching are usually based on events, having a protagonist who is facing a dilemma, and has multiple options to choose from in order to resolve that dilemma. It is a shared belief that such cases are better suited for the classroom teaching for such students who are required to hone critical thinking, decision-making and problem-solving skills. However, can a case study research, in which a phenomenon is studied within a context, also be used in classroom teaching? It is now becoming a known fact, that given the complexity of the business world, organizations expect their employees to develop a research mindset, which can help them to not just solve organizational problems but also identify underlying issues causing that problem. Teaching cases have undoubtedly helped students to develop and hone critical thinking, problem-solving and decision-making skills in simulated risk-free environment, in the comfort of a classroom. However, they are unable to translate the knowledge and skills into ‘doing’ and ‘being’ stages where students apply, critique and evaluate in a different situation. With teaching cases, they simply work with what they have instead of formulating the problem statement, developing a research question, hunting for actual data with appropriate methods and tools and scientifically analysing the same to solve the problem and suggest implications. This gap between knowing, doing and being can effectively be bridged by a research case. Often the problem that is visible is a symptom of an underlying issue which is not obvious. Studying research cases will also expand the student’s knowledge about the current trends in research on various topics and help them understand how to reach to the root of the problem as done by the researchers. Moreover, a research case study includes phenomenon, context and theory within the case itself. Hence, students can clearly see the integration of the three and understand well how practice meets theory. Further, studying published research cases creates an ambience to develop research mindset, in addition to problem solving and decision-making. Using research cases in classes will also develop practice-oriented understanding of the phenomenon and result in effective teaching learning process. In place of having a monotonous, summer internship project, where often the industry mentors as well as students are clueless as to how the interns will add value, this practice can be taken a step forward by actually making the students conduct case study research. A research case can push students to learn to identify the underlying issues. For example, after discussing a phenomenon-based research case on ‘employee engagement’, or ‘job embeddedness’ or ‘transactive memory system’ in a class, students may be asked to do eit","PeriodicalId":37487,"journal":{"name":"South Asian Journal of Business and Management Cases","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/22779779211028444","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48071197","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}
引用次数: 0
In Search of a Blue Ocean in the Indian Wine Industry 寻找印度葡萄酒产业的蓝海
South Asian Journal of Business and Management Cases Pub Date : 2021-08-01 DOI: 10.1177/22779779211028550
Toijam Sarika Devi, Bijoylaxmi Sarmah, K. Dewangan, Neeraj Kumar Phookan
{"title":"In Search of a Blue Ocean in the Indian Wine Industry","authors":"Toijam Sarika Devi, Bijoylaxmi Sarmah, K. Dewangan, Neeraj Kumar Phookan","doi":"10.1177/22779779211028550","DOIUrl":"https://doi.org/10.1177/22779779211028550","url":null,"abstract":"Naara-Aaba is an indigenous wine innovated by a woman who could predict a beautiful end to her vision of brewing wine from the sacred but exotic fruit kiwi. The brand was launched in 2017 at Hong village of Ziro, Arunachal Pradesh by Tage Rita Takhe; an engineer turned entrepreneur through her venture M/s Lambu Subu Food & Beverages. The brand was named after her late father-in-law lovingly known as ‘Naara’ and ‘Aaba’ meaning father. The motto of the company is to fight a social problem that wreaks havoc across the region, namely the suicides of thousands of farmers who cannot pay back their debt due to drought, poor harvest, and sometimes exacerbated by climate. Rita started her winery facing these hurdles and a field abundant in kiwi fruits. Despite facing many challenges such as lack of efficient production infrastructure, market connectivity, and minimum support from the government machinery, she has created a niche market in the wine industry. This case aims to establish the applicability of the Blue Ocean strategy by applying the tools to create an uncontested market space for Naara-Aaba, the first organic kiwi wine from the north-eastern states of India and second in the world after New Zealand. Research question: How to apply Blue Ocean strategy for the brand Naara-Aaba so that the competition becomes irrelevant? Theory: Blue Ocean theory Type of the case: Applied problem solving Basis of the case: Phenomenon-creating uncontested space in the market Protagonist: Present Findings: The findings revealed that implementing a Blue Ocean strategy will open up new uncontested market spaces for the brand to grow profitably. This case study shows how to apply Blue Ocean strategy for a wine brand. Discussion: Blue Ocean strategy advocates that by eliminating unnecessary attributes, reducing all features that pushes up the cost, raising utility, and creating higher value, a brand can redefine its market where competition is non-existent.","PeriodicalId":37487,"journal":{"name":"South Asian Journal of Business and Management Cases","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/22779779211028550","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48464501","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}
引用次数: 2
Social Enterprises of Immigrants: A Panacea for the Finnish Labour Market? 移民社会企业:芬兰劳动力市场的灵丹妙药?
South Asian Journal of Business and Management Cases Pub Date : 2021-08-01 DOI: 10.1177/22779779211014656
Nafisa Yeasmin, Timo Koivurova
{"title":"Social Enterprises of Immigrants: A Panacea for the Finnish Labour Market?","authors":"Nafisa Yeasmin, Timo Koivurova","doi":"10.1177/22779779211014656","DOIUrl":"https://doi.org/10.1177/22779779211014656","url":null,"abstract":"Research questions: The objectives of this study are to identify the need for Social Enterprises (SEs) as an alternative form of working in the Finnish labour market, what alternative forms of co-operation between such types of SEs could be and how larger local companies can support the sustainable operation of these small SEs by employing immigrants and the long-term unemployed. Theory: This article draws on the corporate social responsibility CSR theory of traditional enterprises to better explain the factors that can facilitate co-operation between SEs and private enterprises, thereby reaching the sustainable operation of SEs that are run by socially disadvantaged groups of people in Lapland. Phenomenon studied: SE is a new phenomenon in Lapland. There are a few SEs in the region that are struggling to maintain their existence in a sustainable manner. It is harder for the members of such SEs to run businesses or to work and to become successful in Lapland; however, obtaining employment or running a proprietorship is not an alternative (Yeasmin, 2016) for these disadvantaged people. Case context: The article contributes to the studies on the economic integration and labour market sustainability of immigrants and long-term job seekers, and particularly to the socio-economic integration of the long-term unemployed by focusing on the necessity-driven social entrepreneurship networking model in a sparsely populated region, that being the region of Lapland in Northern Finland. Findings: The disadvantaged groups need access to the labour market in Lapland, and social alliances between various partners (e.g., private, public and SE) under different social circumstances (e.g., CSR) can generate alternative options for co-operation to sustain the existence of such SEs in Lapland. An analysis explores future recommendations for co-operation that might sustain SE’s existence and development and might also increase long-term prospects for targeted SEs. Discussion: Lapland-based SEs operated by immigrants or the long-term unemployed are issues and themes that do not fall within the responsibility of any single authority or any single sector. Successfully running SEs demands positive interaction and social innovation strategies among many social partners. Networking with a variety of public stakeholder groups alongside the private sector needs to see an investment of social resources for mapping the phenomena on the topic of social economy, which is a social innovation process that might enable such SEs to have successful outcomes in Lapland.","PeriodicalId":37487,"journal":{"name":"South Asian Journal of Business and Management Cases","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/22779779211014656","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46069130","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}
引用次数: 2
A Case Study on the Entrepreneurial Process of Push and Pull Women Entrepreneurs 推拉型女性企业家创业过程案例研究
South Asian Journal of Business and Management Cases Pub Date : 2021-08-01 DOI: 10.1177/22779779211028536
M. S. Alam, Kohinoor Biswas, M. M. Sulphey
{"title":"A Case Study on the Entrepreneurial Process of Push and Pull Women Entrepreneurs","authors":"M. S. Alam, Kohinoor Biswas, M. M. Sulphey","doi":"10.1177/22779779211028536","DOIUrl":"https://doi.org/10.1177/22779779211028536","url":null,"abstract":"The study presents two entrepreneurship typologies: necessity-driven and opportunity-driven. ‘Opportunity’ entrepreneurs start a business to pursue an opportunity, while ‘necessity’ entrepreneurship is requirement-based and attempts for the best option available in the absence of alternate employment opportunities. Push and pull effects are analogous to necessity-based and opportunity-based entrepreneurship. The study explored success through stages of the entrepreneurial process. The push entrepreneur proved her resilience despite the absence of spousal support. Behind the pull entrepreneur’s success was spousal support. The key findings are that success is influenced by the entrepreneur’s grit, willpower and attitude. The objective of the case is to study two typologies of entrepreneurship, based on their motivation to become an entrepreneur—necessity-driven and opportunity-driven. It also examines the various factors that could influence the success of entrepreneurship. Both entrepreneurs discussed in the study had several common factors. The two succeeded in their entrepreneurship due to their sheer grit, determination and a feeling of higher purpose. Multiple pieces of evidences exist to show that grit is a success factor linked to positive outcomes. The phenomenon studied in this case include ‘opportunity’ and ‘necessity’ entrepreneurs. It also studied the push and pull effects in entrepreneurship, which are analogous to opportunity-based and necessity-based entrepreneurship. The push entrepreneur was involved in boutique business, and pull entrepreneur was in catering business. The findings are that the push entrepreneur demonstrated resilience despite many drawbacks. The success of the pull entrepreneur’s involved spousal support too. In both cases, the critical finding is that success is influenced by the entrepreneur’s grit, willpower and attitude. Further, neither of the women entrepreneurs took any loan to fund their business. Both entrepreneurs discussed in the study had a few common factors. Both of them were educated. The two entrepreneurs exhibited grit, determination and a feeling of higher purpose. Grit has been found to be a success factor and linked to positive outcomes.","PeriodicalId":37487,"journal":{"name":"South Asian Journal of Business and Management Cases","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/22779779211028536","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48331338","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}
引用次数: 3
Repelolicer: A Reality or Snake Oil 驱蚊剂:现实还是万金油
South Asian Journal of Business and Management Cases Pub Date : 2021-06-15 DOI: 10.1177/22779779211014635
Umer Hussain, Boltach Yu.
{"title":"Repelolicer: A Reality or Snake Oil","authors":"Umer Hussain, Boltach Yu.","doi":"10.1177/22779779211014635","DOIUrl":"https://doi.org/10.1177/22779779211014635","url":null,"abstract":"While head lice continue to be a worldwide health issue, there remains a dearth of scholarship detailing how various organizations are developing different products to deal with this problem. In this case study, the authors ponder upon a novel entrepreneurial idea developed by the students to tackle the lice issue in Pakistan. A team of students developed Repelolicer, an ultrasonic wave-emitting hairband to stop lice infestation among younger-aged girls. The Repelolicer team developed various strategies to target the Pakistani market. However, due to inadequate knowledge of the external market, the entrepreneurial idea failed to succeed. Research Objective: This case study aimed to explore challenges faced by an entrepreneurial venture using the first-mover strategy while penetrating the lower strata market via a product, which had a stigmatized effect. Link to Theory: In the extant scholarship, first-movers are considered to have strategic advantages against new rivals. In this study, we explore the disadvantages of first-mover in a complex Pakistani market situation through the lens of the resource-based view (RBV) and industrial organization (IO) perspective. Phenomenon Studied: This case study focuses on exploring the reasons behind the failure of tech-based first-movers (i.e., Repelolicer) in the Pakistani market scenario. The study also elucidates various external factors—a new venture should explore before launching a product in a Pakistani market situation. Case Context: The context in this case study is the lice problem among younger-aged girls in Pakistan’s lower strata market. Findings: The study participants unveiled that despite Repelolicer having competitive advantages because of internal factors, the Repelolicer team could not fully understand invisible forces in the external market. This lack of understanding led to their product failure. The Repelolicer team was also unable to comprehend how the product design might have further escalated the stigma attached to lice in society. Lastly, their pricing and promotion strategy was incompatible with the complex market situation. Discussions: This study adds to the limited knowledge about first-movers’ disadvantages in developing countries, such as Pakistan. The study results revealed that being a first-mover, even with all the adequate resources, is not always advantageous. The new ventures can especially face disastrous consequences for being the first-mover due to their lack of experience and knowledge of the local market. The study results also showed that new ventures should take the IO perspective with the RBV approach to succeed in a complicated market situation. The theoretical and practical implications of the case study have been outlined.","PeriodicalId":37487,"journal":{"name":"South Asian Journal of Business and Management Cases","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/22779779211014635","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41627923","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}
引用次数: 0
Transforming Adolescents into Social Entrepreneurs: A Time When Adolescents Become Reflexive Social Entrepreneurs 将青少年转变为社会企业家:青少年成为反思型社会企业家的时代
South Asian Journal of Business and Management Cases Pub Date : 2021-06-03 DOI: 10.1177/22779779211014653
Kohei Nishikawa
{"title":"Transforming Adolescents into Social Entrepreneurs: A Time When Adolescents Become Reflexive Social Entrepreneurs","authors":"Kohei Nishikawa","doi":"10.1177/22779779211014653","DOIUrl":"https://doi.org/10.1177/22779779211014653","url":null,"abstract":"Social entrepreneurs are supposed to be the specialty of seasoned adults in business. Proving the adage wrong, Skoll and Ashoka foundations have already nurtured adolescent social entrepreneurs successfully. Very few systematic studies endorse the view that the young can be inspired to become social entrepreneurs. This case study, consisting of two biographical stories, constructs an understanding to inspire further research in the phenomenon of adolescents turning into social entrepreneurs. The findings suggest that if young persons engage in transforming themselves reflexively and simultaneously act on their beliefs to resolve social problems, they will achieve success as social entrepreneurs.","PeriodicalId":37487,"journal":{"name":"South Asian Journal of Business and Management Cases","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/22779779211014653","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45759405","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}
引用次数: 0
Discourses by Didis of Community Kitchens: A Case on Women Empowerment 社区厨房Didis的话语:一个妇女赋权的案例
South Asian Journal of Business and Management Cases Pub Date : 2021-05-25 DOI: 10.1177/22779779211015688
Madhuri Mahato, J. Vardhan
{"title":"Discourses by Didis of Community Kitchens: A Case on Women Empowerment","authors":"Madhuri Mahato, J. Vardhan","doi":"10.1177/22779779211015688","DOIUrl":"https://doi.org/10.1177/22779779211015688","url":null,"abstract":"Women empowerment and its importance have often been at the centre of debate especially in India. This concept is slowly moving beyond the theory and notions of discussions and manifesting even at the level of village clusters with adequate interventions from the policymakers. Despite the socio-cultural restrictions, the conspicuous role played by women at the household and community levels remains undeniable. This case study, through the concept of community kitchens, ideally captures the scenario in which Didis have become empowered and are able to add value to their family and community. Through a qualitative analysis it was found that the major themes associated with empowerment are community, decisions, family and values thus showcasing the economic and social implications. Research Questions/Objectives Can the concept of women empowerment be de-urbanized? Do women through formalized initiatives feel empowered and experience heightened self-esteem? Can the setting up of micro-entrepreneurial ventures at the village level provide an impetus to alter the existing social structures and power inequalities? Links to Theory: Women Empowerment, group approach and power, self-esteem Phenomenon Studied and Case Context: The Didis of the community kitchen were members registered as self-help groups with the Jharkhand State Livelihood Promotion Society. These community kitchens or Ajeevika Didi kitchens were essentially started and implemented during the COVID pandemic period in a five-phase manner for a period of 3 months from April to June 2020. There were around 450 women who got associated in running these community kitchens. The discourses by these Didis on their association with the micro-entrepreneurial venture and their feelings of empowerment are portrayed in the case. Findings: Semi-structured interviews for the sample respondents were conducted and then auto-coded themes, namely, community, decisions, family and values were obtained using the NVivo software. The sentiment analysis of the transcribed interview conversations revealed more of positive sentiments that were centred around the belief that such micro-entrepreneurial opportunities can largely improve their lives and ease out the inequalities that are experienced by them on the power and control fronts. On an overall basis it was observed that when the financial and psychological aspirations were met, fulfilment and satisfaction were the primary outcomes for the study participants. Discussions: The present case is aimed for discussion in the entrepreneurship classes of management, especially related to social entrepreneurship, women empowerment and contribution of women to the economy and society. The case highlights that woman’s contribution towards the society and family could be impacted through a woman’s own sense of self-worth and self-esteem. This case highlights further that micro-enterprises that are community level are both a social and economic phenomenon, manifesting benef","PeriodicalId":37487,"journal":{"name":"South Asian Journal of Business and Management Cases","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/22779779211015688","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48437510","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}
引用次数: 3
Using Trust as a Resource for Social Value Creation: A Case of JanaJal 利用信任作为社会价值创造的资源:以JanaJal为例
South Asian Journal of Business and Management Cases Pub Date : 2021-05-17 DOI: 10.1177/22779779211014657
Reeti Kulshrestha, A. Sahay, S. Sengupta
{"title":"Using Trust as a Resource for Social Value Creation: A Case of JanaJal","authors":"Reeti Kulshrestha, A. Sahay, S. Sengupta","doi":"10.1177/22779779211014657","DOIUrl":"https://doi.org/10.1177/22779779211014657","url":null,"abstract":"Research question: With the help of an instrumental research case on a social enterprise in India that provides a solution to those with none or limited access to fresh drinking water, this study aims to explore how trust helps create social value. Links to theory: At the theoretical level, the study draws upon ‘trust’ and ‘social value’ literature to examine how a social entrepreneur utilized trust as an enabler to creating social value. Phenomenon studied: The case developed deeper understanding of the phenomena of ‘trust helps creating social value’. Type of the case: It is an instrumental research case study that helps explore the phenomenon and draws connections between trust and social value creation if any. Case context: The case context is making affordable drinking water available to all, especially the community of people who are deprived of it. Findings: Conducting a series of in-depth interviews with the founder, we developed a better understanding of how the social entrepreneur used trust as a resource to create social value in the context of affordable drinking water. The findings showed how the protagonist (founder) worked on gaining trust of his beneficiaries and stakeholders to create social value. Findings also revealed the enablers and deterrents of trust in social value creation. Discussions: Our study shows how trust as a resource creates social value. In the context of our study, it contributes on how a social entrepreneur is creating social value not only by making affordable drinking water accessible to all but also deliver other social value creation benefits. The study brings out legitimacy, technology and social network as its enablers. The study also intends to fill the knowledge gap on how firms create social value by building trust with stakeholders and beneficiaries. Since little is known about trust even at the level of beneficiaries and stakeholders, our study aims to develop a better understanding of the phenomenon.","PeriodicalId":37487,"journal":{"name":"South Asian Journal of Business and Management Cases","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/22779779211014657","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48062953","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}
引用次数: 1
Developing the Corporate Bond market- International Experience and Lessons for Vietnam Companies 发展公司债券市场——越南公司的国际经验和教训
South Asian Journal of Business and Management Cases Pub Date : 2021-05-11 DOI: 10.24203/AJBM.V9I2.6621
N. D. Thinh, Vu Ngoc Xuan
{"title":"Developing the Corporate Bond market- International Experience and Lessons for Vietnam Companies","authors":"N. D. Thinh, Vu Ngoc Xuan","doi":"10.24203/AJBM.V9I2.6621","DOIUrl":"https://doi.org/10.24203/AJBM.V9I2.6621","url":null,"abstract":"-Vietnam is in the process of developing into a middle-income country in the world. The widespread epidemic of covid-19 has had a negative impact on most Vietnam enterprises. However, the Vietnamese government's success in disease control has contributed to the recovery of business performance and efficiency. Vietnamese enterprises used to mobilize capital mainly through banking channels. In recent times, bonds are an important longterm capital mobilization tool for businesses, helping businesses reduce their dependence on commercial banks. This article mentions the development of the Vietnamese corporate bond market based on the experiences of several countries around the world. Keywords--business (Es), bonds (B), bond market (BM), corporate bonds (CB), credit rating (CR) _________________________________________________________________________________________________ 1. EXPERIENCE IN DEVELOPING THE KOREAN CORPORATE BOND MARKET 1.1. History of establishment and development Korea's bond market was formed in the early 1950s when the Government issued Country Construction bonds to promote economic development and rebuild the country after the war. After that, businesses also started to issue bonds to attract capital (ADB, 2018). Before 1972, Korean corporate bonds (CBs) were only issued separately by a few large companies. In 1972, bond guarantees were introduced paving the way for the public issuance of CBs. All publicly issued CBs at that time were guaranteed by commercial banks (CBs), securities companies (SC) and financial institutions (FI). Until the mid-1980s, CBs were guaranteed to dominate the Korean CB market. The major investors of CB are investment funds and banks. The loosening of regulations on CBs led to a sharp increase in corporate bond mobilization (Hwang, 2016). Credit rating (CR) is an important criterion for investors in making financing decisions The 1997 Asian financial crisis had a strong impact on the Korean CB market. During the crisis, a number of major issuers went bankrupt. This caused a deterioration in the asset quality of financial institutions that guaranteed bond payments and caused the Korean financial market to freeze. The Korean government tried to restructure the CB market with a series of market infrastructure changes. Thereafter, the CB market has undergone significant structural changes after the crisis. Unsecured bonds gradually replace bonds guaranteed by major financial institutions. The CB market is also becoming more diversified with the introduction of asset-backed securities. This also increases the proportion of foreign investment in the CB market. In addition, the credit rating (CR) criteria of the bonds have also been changed, following a clearer and more transparent orientation. Therefore, the Korean CB market has gradually become a market with many high quality bonds. At the same time, the Government has also implemented many measures to facilitate the issuance of CBs with lower CR: introducing hi","PeriodicalId":37487,"journal":{"name":"South Asian Journal of Business and Management Cases","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81277812","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}
引用次数: 0
An Analysis of Budget Planning in Public Hospitals in Limpopo Province: South Africa 南非林波波省公立医院预算规划分析
South Asian Journal of Business and Management Cases Pub Date : 2021-04-29 DOI: 10.24203/AJBM.V9I2.6582
Nkhumeleni Mathobo, M. H. Maserumule, K. Moeti
{"title":"An Analysis of Budget Planning in Public Hospitals in Limpopo Province: South Africa","authors":"Nkhumeleni Mathobo, M. H. Maserumule, K. Moeti","doi":"10.24203/AJBM.V9I2.6582","DOIUrl":"https://doi.org/10.24203/AJBM.V9I2.6582","url":null,"abstract":"--Budget planning is a challenge regarding the delivery of cost-effective health services in public hospitals. Budget planning is part of broader planning process in the organisations. The purpose of this article is to analyse budget planning in public hospitals in the Limpopo Province of South Africa. The research approach used for the study is quantitative research design. The sample size of 20 public hospitals was drawn from the population of 40 public hospitals. A survey questionnaire was used as the primary data-gathering instrument. The findings of the research show that budget planning is a management challenge for non-finance managers in public hospitals. The result for this is ineffective budget management in public hospitals. The study recommended that non-finance managers be capacitated on the alignment of budget with a strategy to improve budget management in public hospitals.","PeriodicalId":37487,"journal":{"name":"South Asian Journal of Business and Management Cases","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87708885","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}
引用次数: 1
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