Structure Ratios of Profit and Loss Account – Source of Information for Performance Analysis

Marginean, R.; Mihălţan, Delia Corina; Todea, Nicolae

doi:10.1016/s2212-5671(15)00790-x

Cited by 3 publications

(1 citation statement)

References 1 publication

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“…The forced reduction of staffing and performance levels during the pandemic has raised the question of the value of re-employing staff to previous levels. Labor intensive pre-pandemic businesses incurred wage bills of up to and beyond 50% of their financial turnover (Margineana et al, 2015). Organizations are now asking themselves to what extent does having a large labor force lead to improved productivity and high profitability.…”

Section: Resultsmentioning

confidence: 99%

How COVID-19 has Reset Business Activities in Organizations around Africa

Bukusi¹

2022

IJBS

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Purpose: The global outbreak of the COVID-19 virus forced governments across Africa to impose major health, travel and trade restrictions at home to protect their citizens from the pandemic. These measures caused a dampening impact on conventional social and business activity forcing organizations to rethink, redraw and reset their operations to remain functional, viable and sustainable. The aim of this study was to show that the pandemic driven changes in the business environment, though disruptive in nature, essentially enabled businesses to acquire a new set of survival and success competencies to thrive in the foreseeable future. Methodology: This study used paper reviews, research journal findings, academic papers, and online business publications that tracked business responses to the pandemic. The author used a thematic analysis of text and descriptive statistics to analyze data on the major changes businesses have made in response to the pandemic. Findings: The results indicated that business activities were severely affected by the onset of the pandemic. The pandemic also disrupted conventional business strategy and forced companies to review their operations in the light of challenges of continuing business in the COVID-19 environment. While short term survival measures included laying off staff and cutting back on overhead costs, business quickly embarked on medium plans to re-engineer business operations using online service technology to reach consumers under lockdown conditions. However, businesses have gone further to invest in digital transformation not only to survive the pandemic, but also to ensure their profitability and long-term success. In the light of these developments businesses have reset their activities under five themes; structure, strategy, staffing, service and sustainability. The author argues that reset changes are likely to become institutionalized as businesses carry forward their learning experience into their culture. The business community is also expected to pursue the opportunities created by the pandemic to critically define and differentiate between core business activity and non-essential engagements. Society has undergone substantive transformation over the pandemic season and expects organizations to respond and adapt accordingly. Recommendations: Operational and start up organizations should attune their business to the mental and experiential reset in customer expectations brought about by the pandemic. Businesses need to provide meaningful consumer value without over dependence on high cost overhead infrastructure such as expansive corporate offices, centralized staffing and profit draining procurement and distribution.

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Section: Resultsmentioning

confidence: 99%

How COVID-19 has Reset Business Activities in Organizations around Africa

Bukusi¹

2022

IJBS

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Forecasting Firm Performance: Evidence from Romanian Furniture Firms

Hada

Bărbuță-Mișu

Marginean

2018

ECO

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The aim at this paper is to propose an econometric model for analyzing economic performance in the furniture industry in Romania, conducted on a sample of 293 firms. The net profit was considered as a dependent variable and the turnover, expenses with employees, value added, current liabilities and inventories as independent variables. Five hypotheses were proposed, tested and validated by using multiple linear regression. The most significant results show that there is a positive significant relationship between net profit and value added and a negative significant relationship between net profit and expenses with employees. Since the model has been validated statistically, we consider that it can provide useful predictions in terms of economic performance analysis in the furniture industry.Keywords: multiple linear regression, ANOVA, Durbin-Watson test, net profit estimation, value added

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Milk Quality and Economic Sustainability in Dairy Farming: A Systematic Review of Performance Indicators

Fiorillo,

Amico

2024

Dairy

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The dairy industry plays a vital role in the global food system, providing a wide range of dairy products that are consumed by millions of people worldwide. Dairy farming provides a daily source of income, creating employment opportunities not only on farms, but also in transportation, milk processing, and the agricultural supply and services sectors. The increasingly pressing challenges and the high competition in the dairy industry, particularly in saturated markets, emphasize the importance for farms to undertake a comprehensive economic sustainability analysis that extends beyond mere yield monitoring. Empirical studies have found a weak adoption of robust performance measurement and control systems in dairy farms. Given the intricate macroeconomic landscape in developed nations and the imperative to address the multifaceted challenges of the industry, this study employs a systematic literature review (SLR) to evaluate whether academic research offers adequate guidance on economic performance indicators. The study finds out that the current repertoire of indicators, while relevant and partially related to quality attributes, fails to encapsulate the intricate interplay of variables and the nature of economic sustainability, highlighting the need to adopt additional indicators into the dimensions of operational efficiency and effectiveness, strategic investments, and financial strength.

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Structure Ratios of Profit and Loss Account – Source of Information for Performance Analysis

Cited by 3 publications

References 1 publication

How COVID-19 has Reset Business Activities in Organizations around Africa

How COVID-19 has Reset Business Activities in Organizations around Africa

Forecasting Firm Performance: Evidence from Romanian Furniture Firms

Milk Quality and Economic Sustainability in Dairy Farming: A Systematic Review of Performance Indicators

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