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Journal : Ulil Albab

Integrating Dynamic Capabilities and Social Capital: Enhancing Competitiveness in Tourism Industry Yuwono, Matias Andika; Ellitan, Lena
ULIL ALBAB : Jurnal Ilmiah Multidisiplin Vol. 3 No. 7: Juni 2024
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/jim.v3i7.3600

Abstract

Integrating dynamic capabilities and social capital in tourism companies' marketing and operational management is crucial to achieving competitive advantage and providing added value to customers. From the analysis of the seven articles studied, there are similarities in recognizing the importance of adapting to market and business environment changes and managing strong relationships with suppliers, business partners and local communities. However, there are differences in the focus and approach of each article, ranging from an emphasis on managing costs and risks in the supply chain to applying technology to improve operational efficiency. The new idea proposed from this analysis is the importance of strengthening the flow of information and skills between dynamic capabilities and social capital so that companies can combine valuable market knowledge with the ability to innovate and adapt to market changes. By building solid relationships with suppliers, business partners, and local communities, companies can strengthen their brand image, increase external collaboration, and increase customer satisfaction. Tourism companies can achieve long-term sustainability through this integrated approach in an increasingly dynamic and competitive business era.
The Role of Global Competence in Addressing Challenges and Opportunities in International Business in the Era of Global Change Yuwono, Matias Andika; Ellitan, Lena
ULIL ALBAB : Jurnal Ilmiah Multidisiplin Vol. 3 No. 8: Juli 2024
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/jim.v3i8.4615

Abstract

In today's interconnected world, global competence is vital for success in international business. Changes in technology, politics, economics, and social concerns have created a complex business environment. Global competence, which includes cultural awareness, adaptability, and strong communication skills, is essential for navigating this landscape. This article explores the importance of global competence in international management, how companies can develop it, and how ethical practices contribute to long-term success. It also emphasizes risk management, international collaboration, and the role of education in preparing individuals for the global workforce. By cultivating global competence, managing risks, and operating responsibly, companies can thrive in the ever-changing world of international business. The discussion in this article highlights the importance of proactive risk management, international collaboration, and the role of higher education institutions in preparing graduates with relevant global competencies. Companies can successfully navigate the dynamic global business landscape and achieve long-term success by developing global competence, managing risks proactively, and operating ethically and responsibly.