The Lessons Learned From Thomas Cook Failure. Is It Brexit?

Salman, Doaa; Seiam, Dina

doi:10.37708/el.swu.v2i2.2

Cited by 3 publications

(1 citation statement)

References 4 publications

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“…Whereas Nokia's market failure case -can be taken -as a great lesson to any company competing in this industry, moreover Nokia's failure was actually followed by many new entrants that seized this opportunity (Sharma S., 2015). Recently, Salman D. & Seiam, D. (2020) emphasis on how firms can avoid failure via future planning and avoid high leverage finance.…”

Section: Introductionmentioning

confidence: 99%

How fear of change, lack of innovation led to Nokia’s failure?

Salman¹,

Hussein²

2020

IJBES

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The aim of the paper to investigates the reason for business failure using Nokia as a case study. The paper applies the explanatory conclusive research design since there are cause and effect relations that seek to provide a better understanding of the reasons for the market failure. The mobile manufacturing sector is the most interesting and innovative of all in the “Information & Communications Technology” sector (ICT). Nokia was once known as the market’s dominant company, leader, and pacesetter until it underwent a tremendous market failure. The aim of this research is to shed light on Nokia’s failure in the market due to its complacency & fear of change, lack of innovation moving too slowly in terms of being too late in making decisions & inventing of the iPhone. Paper elaborately discusses and analyses the failure reasons supported by a literature review in addition to the characteristics of this industry and its market structure. Finally provide advice for business makers

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Section: Introductionmentioning

confidence: 99%

How fear of change, lack of innovation led to Nokia’s failure?

Salman¹,

Hussein²

2020

IJBES

Self Cite

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Case Study of British Petroleum Privatization

Salman

El-Ahmar

2022

Economics &Amp; Law

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Market Failure is the exiting of the company or the business from the market. Inefficiency whether in the supply or the demand could lead to market failure. One of the actions that could be resulted because of market failure is privatization. Privatization happens when the government fail to manage the business and cope with the crisis that could happen in the market. This failure will lead to a debt increase, so the government expenditure will increase, and this will force the government to sell the company to private investor or investors (Privatization). British Petroleum Company was one of the firms that were completely privatized by the United Kingdom government in the year 1987 due to many reasons. The purpose of the paper is to present the process of privatization of British Petroleum and clarify the prerequisites for market stabilization. In addition, this paper will discuss the main recommendation and policies that can be implemented for this company to succeed to regain its market share. Also, the paper will explain the effect the market failure has on the sustainable development goal (SDGs).

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An Overview of the Data Science Process and Data Analytics Within Organisations

Jamil

2023

Handbook of Research on AI and Knowledge Engineering for Real-Time Business Intelligence

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This paper attempts to conceptualise the concept of data analytics for both MSMEs and large corporations. Data analytics enable organisations to learn how customers think and behave in real time, and make changes to their business as a consequence, using real-time insights about the customer base. The various misconceptions on data analytics, especially in organisational context, warrants the writing of this paper. Present day organisations are already under immense pressure due to increasingly competitive and hostile environments, and by utilizing data analytics may give them that extra edge over competitors in order to survive and grow. The objective of this chapter is to provide an overview of data analytics, and propose a conceptual framework to showcase the data science process as well as some of the most well-known and useful features of data analytics. This chapter also attempts to synthesise the various jargons for organisations to easily comprehend step-by-step, from data collection to producing useful data in order for them to enable informed decision-makings.

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The Lessons Learned From Thomas Cook Failure. Is It Brexit?

Cited by 3 publications

References 4 publications

How fear of change, lack of innovation led to Nokia’s failure?

How fear of change, lack of innovation led to Nokia’s failure?

Case Study of British Petroleum Privatization

An Overview of the Data Science Process and Data Analytics Within Organisations

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