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Challenges of Implementing Innovation Strategies at Large Organizations: A case of Lotte Group
(2023)
For many decades, one of the most important focuses of research has been on determining whether or not there is a correlation between the size of an organization and its level of innovation. Unlike small companies, large companies often have well-established structure that are hard to change and change managements seems to be much more difficult especially related to innovation. Nevertheless, there are many examples to prove the opposites. Some large organization like Apple, Amazon... always show great innovation efforts and keep changing in a much positive way. Therefore, the aim of this thesis is to discuss of how large organization can be able to implement innovation when having much drawbacks compare to SMEs. Through the use of a qualitative research approach, researcher was able to explore essential information on the innovation strategies that large companies are using in order to innovate and how they could overcome existing challenges by studying the working process of Lotte Group – one of the biggest companies in Korea.
FinTech is deemed to be an underexplored phenomenon even in academic and real environments. Among (1) “Sustainable FinTech” – the application of information technology as innovation in established financial services providers’ business operation; and (2) “Disruptive FinTech” – the provision of financial products and services by non-incumbents which in most cases are information technology entrepreneurs, the former receives more attention. In order to contribute to Disruptive FinTech category, the thesis strive to examine Entrepreneurial Strategy framework applied for technology players taking part in Vietnam financial market.
Digital Transformation Maturity of Vietnam Aviation Industry: The Effect of Organizational Readiness
(2023)
The paper studies the digital transformation maturity in the context of the aviation industry in Vietnam. Digital transformation can mean enhancing existing processes, finding new opportunities within existing business domains, or finding new opportunities outside existing business domains. In the era of post Covid-19, digital transformation will play a vital role in the recovery with the support from digital technology to leverage the communication and implementation of new projects or changes.
Digital transformation and digital transformation maturity sometimes are used indistinguishing, but they are two different definitions. This paper will further explain the differences and will apply digital transformation maturity as a scale for the digital transformation in the report.
Due to the lack of experiment in the relationship between digital transformation maturity and the organizational readiness, the study will explore four components of organizational readiness, including digital leadership, digital culture, digital capabilities, and digital partnering.
The paper is a study focusing on exploring which factors and examining the impact of those factors influencing the entrepreneurial intention among students in the Construction industry, specifically among students of Hanoi Construction University and Hanoi Architecture University. The study also mentions some solution of this findings for entrepreneurship in the Construction field in Vietnam that the author might think of based on this research work for future study. The Theory of planned behavior is used as the theoritical framework for this study. Both qualitative and quantitative methods are employed. The questionaire will be conducted among students of the two universities mentioned above. Then, an exploratory factor analysis (EFA) will performed to test the validity of the constructs. The research findings provide factors and their impact factors influencing the entrepreneurial intention and propose some solutions to improve the entrepreneurship in the Construction field in Vietnam.
Digital transformation is a prevailing trend in the world, especially in dynamic Asia. Vietnam has recorded remarkable changes in the economy as domestic enterprises have made new strides in the digital transformation process. MB Bank, one of the prestigious financial groups in Vietnam, also takes advantage of digital transformation to have the opportunity to break through to become a large-scale technology enterprise with many factors such as improving customer experience, increasing customer base and increasing customer satisfaction. enhance competitiveness, build trust and loyalty for customers. However, in the process of converting MB, there are also many challenges that require banks to have appropriate policies to handle. It can be said that MB Bank is a typical case study of digital transformation in the banking sector in Vietnam.
The goal of this master thesis was to develop a CRM system for the Assist team of CompuGroup Medical that is aiding in integrating open innovation into the development of the Minerva 2.0 software. To achieve this, CRM methodology has been combined with Social Networking Systems, following the research of Lin and Chen (2010, pp. 11 – 30). To achieve the predefined goals literature has been analyzed on how to successfully im- plement a CRM system as well as an online community. Subsequently the results have been applied to the development of the Minerva Community according to the guidelines of Design Science suggested by Hevner et al. (2004, pp. 75 – 104). The finished product is designed based on customer and management requirements and evaluated from a customer and company perspective.
Despite the inception of new technologies at a breakneck pace, many analytics projects fail mainly due to the use of incompatible development methodologies. As big data analytics projects are different from software development projects, the methodologies used in software development projects could not be applied in the same fashion to analytics projects. The traditional agile project management approaches to the projects do not consider the complexities involved in the analytics. In this thesis, the challenges involved in generalizing the application of agile methodologies will be evaluated, and some suitable agile frameworks which are more compatible with the analytics project will be explored and recommended. The standard practices and approaches which are currently applied in the industry for analytics projects will be discussed concerning enablers and success factors for agile adaption. In the end, after the comprehensive discussion and analysis of the problem and complexities, a framework will be recommended that copes best with the discussed challenges and complexities and is generally well suited for the most data-intensive analytics projects.
The erosion of the closed innovation paradigm in conjunction with increasing competitive pressure has boosted the interest of both researchers and organizations in open innovation. Despite such rising interest, several companies remain reluctant to open their organizational boundaries to practice open innovation. Among the many reasons for such reservation are the pertinent complexity of transitioning toward open innovation and a lack of understanding of the procedures required for such endeavors. Hence, this thesis sets out to investigate how organizations can open their boundaries to successfully transition from closed to open innovation by analyzing the current literature on open innovation. In doing so, the transitional procedures are structured and classified into a model comprising three phases, namely unfreezing, moving, and institutionalizing of changes. Procedures of the unfreezing phase lay the foundation for a successful transition to open innovation, while procedures of the moving phase depict how the change occurs. Finally, procedures of the institutionalizing phase contribute to the sustainability of the transition by employing governance mechanisms and performance measures. Additionally, the individual procedures are characterized along with their corresponding barriers and critical success factors. As a result of this structured depiction of the transition process, a guideline is derived. This guideline includes the commonly employed actions of successful practitioners of open innovation, which may serve as a baseline for interested parties of the paradigm. With the derivation of the guideline and concise depiction of the individual transitional phases, this thesis consequently reduces the overall complexity and increases the comprehensibility of the transition and its implications for organizations.
Thesis is devoted to the topic of challenges and solutions for human resources management (HRM) in international organizations. The aim is to investigate methodological approaches to assessment of HRM challenges and solutions, and to apply them on practice, to develop ways of improvement of HRM of a particular enterprise. The practical research question investigated is “Is the Ongoing Professional Development – Strategic HRM (OPD-SHRM) model a better solution for HRM system of PrJSC “Philip Morris Ukraine”?”
To achieve the aim of this work and to answer the research question, we have studied theoretical approaches to explaining and assessing HRM in section 1, analyzed HRM system of an international enterprise in section 2, and then synthesized theory and practice to find intersection points in section 3.
Research findings indicate that the main challenge of HRM is to balance between individual and organizational interests. Implementation of OPD-SHRM is one of the solutions. Switching focus from satisfaction towards success will bring both tangible and intangible benefits for individuals and organization. In case of PrJSC “Philip Morris Ukraine”, the maximum forecasted increase is 330% in net profit, 350% in labor productivity, and 26% in Employee Development and Engagement Index.
Entrepreneurship plays a vital role in scientific literature and in public debates. Especially in these hightech and digitized times it happens more and more frequently that young entrepreneurs with a good idea make the breakthrough and set up an established company. Basically, there are an increasing number of start-ups and a trend towards independence. The economy of a country depends on young entrepreneurs in order to remain economically competitive in international competition. It follows that young entrepreneurs must be encouraged and supported. This support is expressed in various stages of foundation and through various fields of action. In the meantime, there are many offers for start-up support. These networks satisfy different fields of action along a foundation. However, a structured overview of these networks on which a young founder can orient himself and gain easily access to the offers of the networks, is missing until then.
This work attempts to present these offers clearly on a map and to categorize and present the commitment in the respective fields of action. In addition to this main objective, the following three key questions are investigated and answered in this work:
1. How can the Entrepreneurship Networks be assigned to the respective fields of action of Entrepreneurship Education?
2. What is the benefit of such a classification for potential entrepreneurs in detail?
3. Are these Entrepreneurship networks missing an important step? Might they improve their offer? Does the value chain cover every need a young entrepreneur might have?
For this purpose, the respective fields of action of the networks are first separated from each other along a founding and defined individually. Subsequently, a combination of quantitative and qualitative approaches was used to filter and analyze the contents of the websites of the networks. The results of this investigation were transformed in a classification
The aim of this work is to produce a map that displays the existing networks in the world clearly. The map also contains information that is more detailed and the classifica-tion of the networks in the respective fields of action.
Social entrepreneurship is a form of entrepreneurship that marries a social mission to a competitive value proposition. Notably, social entrepreneurship fosters a more equitable society by addressing social issues and trying to achieve an ongoing sustainable impact through a social mission rather than purely profit maximization. The topic of social entrepreneurship has appealed considerably to many different streams of research. The focus on understanding how and why entrepreneurs think and act is a significant justification for future research. Nevertheless, the theoretical examination of this phenomenon is in its infancy. Social entrepreneurship research is still largely phenomenon-driven. Specifically, Social Entrepreneurial Intention is in an early stage and lacks quantitative research. Therefore, this thesis proposes to address this need. The thesis’ objectives are twofold: (1) develop a formation model for Social Entrepreneurial Intentions in general and (2) test the model by conducting an empirical study. Based on these objectives, the two research questions guiding the thesis are (1) what factors influence the intention of a person to become a social entrepreneur and (2) what relationships exist among these factors.
In order to answer these two research questions, this thesis uses purposeful research design, which is a combination of literature review and empirical study. The literature review is based on a comprehensive range of books, articles, and research papers published in leading academic journals and conference proceedings in different disciplines such as entrepreneurship, social entrepreneurship, entrepreneurship education, management, social psychology, and social economics. The empirical study is conducted via a survey of 600 last-year students from four universities in three regions in Vietnam: Hanoi, Da Nang, and Ho Chi Minh. The data are analyzed with SPSS-AMOS version 24, using screening data, scale development, exploratory factor analysis, and confirmation factor analysis. The thesis ascertains that Entrepreneurship Experience/Extra-curricular Activity, Role Model, Social Entrepreneurial Self-Efficacy, and Social Entrepreneurial Outcome Expectation directly and positively affect the intention of the Vietnamese students to be social entrepreneurs. Entrepreneurship Education also influences the Social Entrepreneurial Intention, but not directly, otherwise indirectly via Social Entrepreneurial Self-Efficacy and Social Entrepreneurial Outcome Expectation. Similarly, Perceived Support has no direct relationship to Social Entrepreneurial Intention; however, it shows an indirect link via the mediator ‘Social Entrepreneurial Outcome Expectation’. Furthermore, the dissertation brings new insights to the social entrepreneurship literature and provides important implications for practice. Limitations and future directions are also provided in the thesis.
Implementation of Agile Software Development Methodology in a Company – Why? Challenges? Benefits?
(2019)
The software development industry is enhancing day by day. The introduction of agile software development methodologies was a tremendous structural change in companies. Agile transformation provides unlimited opportunities and benefits to the existing and new developing companies. Along with benefits, agile conversion also brings many unseen challenges. New entrants have the advantage of being flexible and cope with the environmental, consumer, and cultural changes, but existing companies are bound to rigid structure.
The goal of this research is to have deep insight into agile software development methodology, agile manifesto, and principles behind the agile manifesto. The prerequisites company must know for agile software development implementation. The benefits a company can achieve by implementing agile software development. Significant challenges that a company can face during agile implementation in a company.
The research objectives of this study help to generate strong motivational research questions. These research questions cover the cultural aspects of company agility, values and principles of agile, benefits, and challenges of agile implementation. The project management triangle will show how benefits of cost, benefits of time, and benefits of quality can be achieved by implementing agile methodologies. Six significant areas have been explored, which shows different challenges a company can face during implementation agile software development methodology. In the end, after the in depth systematic literature review, conclusion is made following some open topics for future work and recommendations on the topic of implementation of agile software development methodology in a company.
How entrepreneurs become successful with their business ideas has been a topic of discussion within entrepreneurial research circles for many years. Business success has been related to psychological characteristics and many research findings have explained how people become entrepreneurs and furthermore, how they find success in regards to their business ventures. People always wanted to know what defines an entrepreneur and more importantly, what is needed to become a successful entrepreneur. Curious minds began to search for the recipe for success. Personality Traits have been researched for years, leading to the discovery of many diverse and distinct forms which are still recognized today. Researchers compared the Behavioral Approach or the analysis of demographical characteristics to success.
This raises the question of what an entrepreneur needs to become successful which is made more difficult due to the fact that entrepreneurship and who an entrepreneur is can be difficult do define exactly. Entrepreneurs are diverse and distinct individuals that each possess their own characteristics, behavior and reasons for starting a business. Many people assume that it is just someone who starts their own business. While partially correct, this only scratches the surface of what it is to be an entrepreneur.
This thesis answers the following three research questions: 1. Which personality traits were found in the almost sixty years of researching? 2. What triggers do entrepreneurs need for starting a new business? 3. Which factor makes the entrepreneur successful with their business idea? Also, reading the thesis, one may gain a better understanding of what entrepreneurship is, what defines an entrepreneur and what one needs to become a successful entrepreneur.
In this thesis the reviewing literature method developed by Wolfswinkel et al. (2011) was used to identify suitable literature and references for the main chapters. For that the five stages of the grounded-theory method for reviewing the literature were used in an iterative fashion. In step one inclusion and exclusion criterias for literature were defined. Then literature was searched matching the criterias of step one. In step three the samples were refined. Then in step four the found literature was analyzed and coded before the results of this research was presented in the following text. Many entrepreneurial personality traits were discovered and confirmed during the studies conducted over the last sixty years, these include but are not limited to Need for Achievement, Locus of Control, or risk taking propensity. Motivation is clearly the main trigger to start your own business. During the studies reasons were discovered of how and why an entrepreneur may become successful outside of posessing the right combination of traits. For example: having human, financial and social capital, an entrepreneurial behavior and the right economic conditions to start a business that will survive for more than five years.