How to Characterize Business Excellence and Determine the Relation between Business Excellence and Sustainability

Jankalová, Miriam; Jankal, Radoslav

doi:10.3390/su12156198

Cited by 25 publications

(14 citation statements)

References 32 publications

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“…However, the People criterion (3) of the 2013 model is not directly related to a 2020 model criterion and is now spread across several criteria of the EFQM 2020 model, with People as a critical organizational stakeholder: criterion 1. In a literature review about national quality awards and business excellence models, Jankalová and Jankal [46] concluded that there is a relationship between business excellence and sustainability dimensions. The EFQM 2013 model encompassed "Creating a Sustainable Future" within the fundamental concepts of excellence, calling for the "integration of the concepts of sustainability within the organization core strategy, value chain and process design and allocating the resources required to deliver these goals".…”

Section: High Correlation Between Sub-criteria Medium Correlation Betmentioning

confidence: 99%

Quality 4.0: The EFQM 2020 Model and Industry 4.0 Relationships and Implications

Fonseca

Amaral

Oliveira³

2021

Sustainability

131

113

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The European Foundation for Quality Management (EFQM) 2020 model is a comprehensive and updated business model that encompasses sustainability and shares features with Industry 4.0, emphasizing transformation and improved organizational performance, yet with different theoretical and practical foundations. This research highlights the EFQM 2020 model’s novelties and its relationships/implications with the Industry 4.0 paradigm, contributing to the Quality 4.0 body of knowledge. Several linkages between the EFQM 2020 model and Industry 4.0 have been identified, namely, at the criteria level and guidance points, which can support successful digital transformation by combining quality and excellence with Industry 4.0. However, given the model’s generic and non-prescriptive nature, there is no specific reference to the nine Industry 4.0 pillars. Additionally, the links between direction and organizational culture and leadership criteria and driving performance and transformation are not evident, which might be a concern for business and technology transformation strategies. Managing knowledge, skills, and capabilities is critical for the successful adoption of Industry 4.0. The EFQM model adds a strategic and technologically unbiased perspective to Industry 4.0, providing an integrated business excellence framework for Quality 4.0. With empirical support of the model application, future research is recommended to develop this subject further.

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Section: High Correlation Between Sub-criteria Medium Correlation Betmentioning

confidence: 99%

Quality 4.0: The EFQM 2020 Model and Industry 4.0 Relationships and Implications

Fonseca

Amaral

Oliveira³

2021

Sustainability

131

113

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“…The creation value of Muslim fashion consists of preparing, responding, and recovering [27]. Furthermore, in order to stay resilient, the COVID-19 pandemic has forced the Muslim fashion industry to be adaptive, collaborative, innovative, and creative in order to develop new products based on types of consumer feedback such as OPRs [6], as well as to improve service and product quality [28]. These changes require the fashion industry to be more innovative and adaptable in order to reduce the spread of COVID-19 [29].…”

Section: Oprs Are Used To Support the Resilience Of Muslim Fashion In...mentioning

confidence: 99%

Implementing Online Product Reviews and Muslim Fashion Innovation for Resilience during the New Normal in Indonesia

Nurcahyanie

Singgih

2022

Sustainability

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The COVID-19 pandemic in Indonesia has harmed the fashion sector, particularly SMEs (small and medium-sized enterprises). In the wake of the epidemic, the Muslim Fashion Shop (MFS) sector has experienced a drop in sales. Therefore, developing innovative products and excellent customer approaches are critical to MFS resilience. This pandemic has additionally affected the shift from offline to online sales channels. Online sales features, referred to as online product reviews (OPRs), allow customers to leave comments or evaluations. OPRs are one of the sources of product feature information, and are a means of increasing valued for online consumers that some companies are currently underutilizing. In order to develop Muslim fashion designs, this project performed OPRs. The purpose of this study is to show the benefits of OPRs in the development of new Muslim fashion products in Indonesia in order to assist businesses in surviving in the new normal era. The first phase of OPR data collection at Shopee was carried out in five steps. OPR data were collected in Shopee using NVivo’s N-Capture QSR. The data obtained from phase one were needed in order to equalize perceptions and make corrections using the member check obtained data OPR method using Focus Group Discussion (FGD). The second phase consisted of eight steps. This phase sharpened the results of phase one using expert judgement word frequency analysis in NIVO. The third and final phase analysed the fashion industry’s new normal innovation approach. This research shows the usefulness of OPR data for the evolution of fashion design in Indonesia, among other findings. According to this study, companies’ expertise, experience, and design innovation are essential variables in a changing/disruptive marketplace. Ongoing research suggests utilizing OPRs to generate new design trends, high-quality products, and innovative tactics in order to sustain Muslim fashion business.

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“…Some companies try to use management procedures in their activities, they want to achieve business excellence, which is also addressed in the study where the basis for achieving Business Excellence is to respect the core principles of TQM (Total Quality Management). [14] Other companies like to they use creativity and influence their results to achieve their goal.…”

Section: Creative Accountingmentioning

confidence: 99%

Impact of creative accounting on the company value: Empirical study for Slovakia

Adámiková

Sedláková

2021

SHS Web of Conf.

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Research background: Procedures and methods for determining the value of a company are different. The purpose of determining the value of the company, what results the company reports and also who performs the valuation has a significant influence on the choice of the method. Purpose of the article: The determination of the final value of the company is influenced by many factors, economic, technical, specifics of the company and also the date on which the value is calculated and who performs the evaluation. Methods: In expert practice in determining the value of the company, we work mainly with methods based on property and income principles (asset method, yield method). The basic material for calculating the value of a company is the company’s accounting, which, however, can often be influenced. There can be several purposes for distorting accounting information (financial statements). The most common reason is the reduction of the tax base, or artificial improvement of the achieved results. Creative accounting practices significantly affect the structure of the company as well as its financial results. Findings & Value added: The main goal of the paper is to quantify a few examples, which will contribute to reducing the economic result. Subsequently, we analyse these interventions how they can affect the resulting general value of the company determined by the expert and whether the expert is able to detect them.

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How to Characterize Business Excellence and Determine the Relation between Business Excellence and Sustainability

Cited by 25 publications

References 32 publications

Quality 4.0: The EFQM 2020 Model and Industry 4.0 Relationships and Implications

Quality 4.0: The EFQM 2020 Model and Industry 4.0 Relationships and Implications

Implementing Online Product Reviews and Muslim Fashion Innovation for Resilience during the New Normal in Indonesia

Impact of creative accounting on the company value: Empirical study for Slovakia

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