Management Dynamics in the Knowledge Economy

Competing Confirmatory Factor Analysis Models in Management Research: Bifactor Modeling of the Employee Work Assessment Tool

2024-05-09T14:49:28+00:00

Management researchers often use structural equation modeling to analyze data from questionnaire-based instruments. Usually, confirmatory factor analysis (CFA) is applied to confirm the hypothesized or theorized factor structure of the instrument. Most authors adopt a single CFA model without comparing it against other potentially valid models (general factor, correlated factor model, second-order hierarchical model, and bifactor model). Hence, the dimensionality and reliability of constructs using bifactor modeling to validate latent scores are often ignored. Also, this gap is widened by no unanimous agreement on the use of post hoc modification of CFA models to support fit to the data in covariance-based structural equation modeling (CB-SEM). The objective of the study was to explore model fit, dimensionality, and reliability of the Employee Work Assessment Tool (EWAT) using competing CFA models. The study used a published dataset on the EWAT instrument to illustrate the assessment of the dimensionality and model-based reliability of the tool using CB-SEM. Results showed that CFA statistics of the bifactor model were most adequate for the instrument (χ2=70.053, df=19, RMSEA=0.082 [90% confidence interval; 0.062, 0.103], SRMR=0.036, CFI=0.963). The bifactor model ancillary measures supported the unidimensional structure of EWAT with justification for the use of total scores. The study concludes that the instrument is best described and applied as a unidimensional construct, and therefore, a single score can be used to rate employees’ perceptions of their work conditions. The study presents both practical implications for management researchers and simplified reporting for bifactor modelling.

Toward Financial Optimization: Assessing the Influence of Budget Process on Effective Accounting Management

2024-05-08T05:08:23+00:00

This study analyzes the pivotal role of the budget process in effective accounting management and advocates for tailored strategies to fortify Vietnamese enterprises amidst global competition, thereby charting a course towards sustainable development. It delves into the intricate relationship between budget process and accounting approaches within Vietnamese enterprises, highlighting their crucial role in achieving sustainable growth and prosperity. Effective management of this interplay, including elements such as the Budget Process, Planning, Implementation, and Control, is essential for optimizing Accounting Management for Vietnamese Enterprises. Tailored strategies are emphasized as vital tools for navigating the challenges posed by global competition, enabling enterprises to pursue sustainable development objectives. By integrating budget process with accounting practices, businesses can enhance strategic decision-making and position themselves for success amidst dynamic market conditions. Overall, the study underscores the necessity for Vietnamese enterprises to align these two domains to unlock their full potential for sustained success, driving long-term prosperity and growth in the contemporary business landscape. This research also provides theoretical groundwork for future researchers as well as businesses to apply for adjustments in budget management to enhance the effectiveness of administrative operations.

The Impact of Perceived Social Support on Workplace Loneliness. The Mediation Role of Work Alienation

2024-04-22T11:45:26+00:00

The primary objective of this study is to investigate how perceived social support influences workplace loneliness, with a focus on the mediating role of work alienation. Existing research on the relationship between workplace loneliness, perceived social support, and employee engagement is notably limited. Recognizing the significance of social connections in individuals' lives, it is crucial to acknowledge that a substantial portion of our time is spent in the workplace. Failing to cultivate such relationships may predispose individuals to experience feelings of loneliness. Employing a cross-sectional design, the study gathered data from a convenient sample comprising 178 participants (48 males, 130 females), aged between 21 and 53 years (M=30.88, SD=9.00). Structured questionnaires, namely the Loneliness at Work Scale, The Multidimensional Scale of Perceived Social Support, and the Work Alienation Scale, were utilized for data collection. The findings revealed a negative correlation between perceived social support and workplace loneliness (r=-.729, p<.01). Similarly, perceived social support exhibited a negative association with work alienation (r=-.744, p<.01). Additionally, work alienation emerged as a robust mediator in the relationship between perceived social support and workplace loneliness (z = -4.12, p = .000). To enhance the explanatory capacity of the proposed model, future studies could consider incorporating additional variables. These may include job-related affective well-being, organizational commitment, or organizational citizenship behavior, offering a more comprehensive understanding of the intricate connections between perceived social support and workplace loneliness.

Empowering Work Teams as a Mechanism to Increase the Speed of Administrative Decision-Making

2024-02-15T17:05:54+00:00

Empowering work teams is one of the most critical methods adopted in designing organizations to achieve the effectiveness of administrative decisions. The current study seeks a consistent theoretical framework for empowering work teams and speeding decision-making. It also aims to test the relationship between them in higher education institutions. The study sought to test the relationship applied based on an independent variable represented in empowering work teams with its dimensions: task design, leadership styles, organizational culture, information and communication, and a dependent variable represented in decision-making speed with its dimensions: response time, processing time, and execution time for a sample of university lecturers of the Faculty of Economic, Commercial, and Management Sciences at the at the University of Djelfa - Algeria. A questionnaire was designed to collect data from the study sample of 72 university lecturers, and the data was processed and analyzed statistically. The study reached a set of results. There was a significant effect of empowering leadership style, organizational culture, information and communication on the speed of decision-making among lecturers of the Faculty of Economic, Commercial, and Management Sciences at the University of Djelfa - Algeria. There were statistically significant differences in the sample responses concerning the axis speed of decision-making due to the job title variable. Also, the research study recommends working with the dimensions of the organization’s internal environment from the perspective of empowerment to make decisions that are compatible with time requirements.

Job Immersion and Its Role in Reducing Organizational Obesity Through Job Compatibility

2024-03-16T11:55:52+00:00

This research aims to identify job immersion and its impact on job compatibility by reducing organizational obesity in the Al-Wasat Refinery Company/Al-Doura Refinery Company. The research problem emerged from the possibility of a weakness in achieving employee satisfaction as a result of the impact of job immersion in the company and the increase in slackness and job laziness. The sample included 200 employees in the surveyed company, as the research aimed to test the hypotheses of the correlation and influence relationship between job immersion, organizational obesity, and job compatibility in the company, which was at the overall level and the sub-dimensions level, relying on the questionnaire to collect data and information related to the practical aspect, and using SPSS for data processing. One of the most important conclusions reached by the research is that applying a set of strategies to reduce organizational obesity in the investigated company would enhance the effect of job immersion on job compatibility, which indicates that the influential relationship between job immersion and job compatibility changes depending on the change in the level of organizational obesity in the company. The examined company led to enhancing the level of innovation among its employees in a way that contributes to increasing job compatibility by achieving satisfaction at work, reducing job laziness, providing academic qualifications for individuals working in the organization, and increasing the sense of responsibility, which leads to increasing its competitive position in the market.

The Road Toward Sustainability in the Romanian Fast Fashion Organisations

2024-04-18T04:15:26+00:00

The continuous level of consumption in the fast fashion industry has a concerning effect and needs to be addressed through a strategic approach, as it has a considerable environmental, social, and economic impact. The study contributes to a better understanding of the barriers hindering the transition toward a more sustainable future in the fast fashion industry through qualitative research. We conducted the qualitative research using the Grounded Theory, which allows an evaluation from different and multiple perspectives, resulting in a more exhaustive and justified result. Our approach was exploratory and the results will be tested in future studies. The purpose of the paper was to map the road to sustainable fashion by understanding the obstacles/barriers, and solutions/drivers for sustainable development. The sustainability fast fashion organizational barriers were identified in the international literature through a structured literature review and further tested for the Romanian market through interviews. After the NVivo Analysis, the identified barriers referenced the most to least, from a Romanian organisational dimensions perspective were financial barriers, insufficient management engagement, lack of Romanian governmental support and infrastructure, eco-friendly packaging, and stakeholder and supplier barriers. The most mentioned driver dimension from an organisational point of view was the existence of a financial reward system for stakeholders, funding programs from the Government and EU, the implementation of mandatory regulations, and the possibility of creating an infrastructure.