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This study investigates the vital role of corporations' operational capabilities, which involve resources, competencies, and processes, in attaining the business's strategic goals for profitability and sustainability. The methodology employs a selective literature review to analyze case studies, books, and articles that give an overview of operational management and its importance in achieving corporate goals. The results exhibit the challenges posed by rapid market changes, revealing the deficiencies of traditional operational systems focused solely on efficiency and cost. To attain sustained success, manufacturers must focus on a client-valued approach, align objectives with capabilities, and support inter-functional links. Companies with distinctive managerial processes outperform in profitability, emphasizing the significance of investing in management capabilities. Operational excellence necessitates a focus on efficiency, innovation, and customer experience, prompting a shift towards a learning style that encourages innovation. Aligning innovation efforts with business strategy is essential for sustainable competitive advantage. Technological innovation, particularly AI adoption, plays a transformative role in operational innovation, highlighting the importance of dynamic capabilities in managing technological change. Yet, effective inventory and supply chain management are important for meeting customer demand and maximizing efficiency through collaboration and adaptable control. [ABSTRACT FROM AUTHOR]

This study investigates the moderating influence of the business strategy type on the correlation between environmental, social and governance (ESG) investment and efficiency in the gambling industry. By employing the range directional measure–network data envelopment analysis model, this study focuses on a sample of 29 gambling firms in North America, Europe, Asia and Oceania for the period of 2019–2022. Findings show that (i) the gambling industry demonstrates steadily increasing trends in the three ESG pillars; (ii) the gambling firms in Asia outperform their counterparts in North America across the three ESG pillars, and among the industry classifications, the betting operators lead in performance in the ESG pillars; and (iii) the adoption of an aggressive business strategy will enhance the translation of social responsibility investment and governance practices into heightened sustainability efficiency and marketability efficiency, respectively. Overall, this study enriches the ESG investment literature by exploring the moderating role of the business strategy type and provides insights into how diverse business strategies within the gambling industry can shape the outcomes of ESG initiatives. The implications of the findings extend to management teams and offer valuable insights into the interplay between the business strategy type and the ESG–firm efficiency nexus. Policymakers can leverage the results to design regulations and incentives that align with the different strategic profiles adopted by gambling firms to foster the creation of tailored and effective approaches for strengthening their sustainability in the industry. [ABSTRACT FROM AUTHOR]

This study investigates the vital role of corporations’ operational capabilities, which involve resources, competencies, and processes, in attaining the business’s strategic goals for profitability and sustainability. The methodology employs a selective literature review to analyze case studies, books, and articles that give an overview of operational management and its importance in achieving corporate goals. The results exhibit the challenges posed by rapid market changes, revealing the deficiencies of traditional operational systems focused solely on efficiency and cost. To attain sustained success, manufacturers must focus on a client-valued approach, align objectives with capabilities, and support inter-functional links. Companies with distinctive managerial processes outperform in profitability, emphasizing the significance of investing in management capabilities. Operational excellence necessitates a focus on efficiency, innovation, and customer experience, prompting a shift towards a learning style that encourages innovation. Aligning innovation efforts with business strategy is essential for sustainable competitive advantage. Technological innovation, particularly AI adoption, plays a transformative role in operational innovation, highlighting the importance of dynamic capabilities in managing technological change. Yet, effective inventory and supply chain management are important for meeting customer demand and maximizing efficiency through collaboration and adaptable control.

Purpose – The purpose of this study is to investigate the connection between earnings management, business strategy, and market competition. Design/methodology/approach – The study utilizes data from non-financial companies listed on the Indonesia and South Korea Stock Exchange between 2017 and 2021, involving 2,598 firms from Indonesia and 3,256 firms from South Korea. We use data panel analysis to explore the relationships between variables. Findings – Firms using cost leadership are prone to earnings management, while differentiation strategies are less inclined to do so. Market competition negatively correlates with earnings management in Indonesia and South Korea. Market competition moderates the relationship between differentiation strategy and earnings management in both countries. When profitability is considered, the results remain consistent, particularly in Indonesia. Research limitations/implications – This research enriches previous studies on earnings management and business strategy by examining the extent of industry competitiveness in developed and developing markets. Practical implications – This finding is significant for managers, guiding them in the selection of an appropriate business strategy within a competitive environment. Originality/value – This study is unique in that it examines the subject matter in both developed and developing countries, specifically Indonesia and South Korea, to compare the differences.