international conference on multidisciplinary perspectives ... · international conference on...

27
International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities Research (MPBSH-FEB-2019) Venue: Hotel H2O Manila, Philippines Date: February 18-19, 2019 Abstract Proceeding Book

Upload: others

Post on 13-May-2020

28 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

International Conference on MultidisciplinaryPerspectives in Business Management, SocialSciences, Economics & Humanities Research

(MPBSH-FEB-2019)

Venue: Hotel H2O Manila, PhilippinesDate: February 18-19, 2019

Abstract Proceeding Book

Page 2: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

TABLE OF CONTENTS

SCIENTIFIC COMMITTEE 6

ORGANIZING COMMITTEE 7

CONFERENCE TRACKS 8

CONFERENCE CHAIR MESSAGE 9

CONFERENCE SCHEDULE 10

TRACK A 13

ENGINEERING, TECHNOLOGY & APPLIED SCIENCES 13

Android-based Knowledge Management System for Customer Service Assistance Using Nonaka Model 14

TRACK B 15

BUSINESS, ECONOMICS, SOCIAL SCIENCES & HUMANITIES 15

The Role Of The Visual Mixed Embeddedness Framework In Understanding Immigrant EOF Approach 16

Changing Consumer Values in China and Its impact on Consumer Behavior toward Japanese Brands 18

A study on the Emotional Labor Cause Factors and Coping Behavior in Leisure Complex 20

The Evolution and Dynamics of Electronic Health Records systems (HHRSs) 21

The Importance and Role of Venture Capital Funds in The Solution of SMEs Financial Problems: ANew Model Recommendation to Participation Banking 24

UP COMING EVENTS 26

2

Page 3: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

Book of Abstracts Proceedings

International Conference on Multidisciplinary Perspectives in Business Management, SocialSciences, Economics & Humanities Research (MPBSH-FEB-2019)

Manila, PhilippinesFebruary 18-19, 2019

ISBN: 974-602-4007-25-5

Email: [email protected]: www.rpicp.com

3

Page 4: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

International Conference on Multidisciplinary Perspectives inBusiness Management, Social Sciences, Economics &

Humanities Research (MPBSH-FEB-2019)

Venue: Hotel H2O Manila (Meeting Room 2, 3rd Floor), Philippines

Conference Theme: Boosting developmental activities through Innovation in thefield of Social Sciences, Humanities, Management and Business Studies

Conference Partner:

4

Page 5: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

Book of Abstracts Proceedings

All rights reserved. Without the consent of the publisher in written, no individ-ual or entity is allowed to reproduce, store or transmit any part of this publicationthrough any means or in any possible form. For obtaining written permission ofthe copyright holder for reproducing any part of the publication, applications needto be submitted to the publisher.

DisclaimerAuthors have ensured sincerely that all the information given in this book is accu-rate, true, comprehensive, and correct right from the time it has been brought inwriting. However, the publishers, the editors, and the authors are not to be heldresponsible for any kind of omission or error that might appear later on, or forany injury, damage, loss, or financial concerns that might arise as consequencesof using the book. The views of the contributors stated might serve a differentperspective than that of the RPICP.

Manila, PhilippinesNovember 14-15, 2018ISBN: 974-602-4007-25-5Whats App Contact: 00971-56-2448120

5

Page 6: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

SCIENTIFIC COMMITTEE

Social Sciences and HumanitiesDr. Ong Chuan Huat Kristine CanonKDU Penang University College, Malaysia De la Salle University ManilaMaria Rita Tapales Prof. Dr. Cherry I. UltraUDe la Salle University Manila College Of Education Of University of Eastern Philip-

pines, PhilippinesProf. David Ang Prof. Dr. Judith A. MagneticoUniversity Montgomery, United States JMindanao State University, Iligan Institute Of Technol-

ogy, PhilippinesProf. Kazuaki Maeda Micah Denise S. Del MundoChubu University, Japan University of The Philippines-DilimanLeonor Diaz, Phd Prof. Dr. Latha Krishnadas MazumderUniversity of the Philippines-Diliman Business Administration, Al Khawarizmi International

University College, Abu Dhabi , UAEDr. Md. Aminur Rahman, Associate Prof. Mariam Gaidamashvili,University Putra Malaysia (UPM), Malaysia Javakhishvili Tbilisi State University, GeorgiaThelma (May) Rabago-Mingoa, Phd Assist. Prof. Dr. Jeffrey LuceroDe la Salle University Manila College of Arts and Sciences Lyceum of the Philippines

University, PhilippinesProf. Dr. Edgar R. Eslit Prof. Alberto J. ValenzuelaCollege of Arts and Sciences St. Michael College, Philip-pines

City of Malolos, Bulacan, Philippines

Dr. Supaporn Chalapati Assoc. Prof. Nor Aznin Abu BakarI-Shou University, Australia Universiti Utara Malaysia, MalaysiaAssoc. Prof. Normala Daud Prof. Nurul Wahida Binti AbdullahUniversiti Teknologi Mara, Shah Alam, Selangor,Malaysia

Politeknik Muadzam Shah, Malaysia

Dr. Sanad A. Alajmi Dr. Golda Aira V. CrisostomoPublic Authority for Industry, Kuwait Industrial/ Organizational Psychology, Human Resource

Management, PhilippinesDr. Firas Jamil Alotoum Prof. Doc Taqee Ansari MohammedIsra university, Jordan Mak College of Pharmacy, IndiaAssist. Prof. Doc Marcus Farr Assoc. Prof. Yoshiki NakamuraAmerican University Sharjah, UAE Aoyama Gakuin University, JapanAssist. Prof. Huang Hsueh-Ju Prof. Doc Bulent AcmaDepartment of Distribution Management, Takming Uni-versity of Science and Technology, Taiwan

Anadolu University, Turkey

Dr. Alaa Elden Badawie Mahmoud Elkhodary Assoc. Prof. Radulescu Irina GabrielaFaculty of Archaeology -Qena South Vally University,Egypt

Petroleum Gas University of Ploiesti Faculty of Eco-nomic Sciences,Romania

6

Page 7: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

ORGANIZING COMMITTEE

Dr. MarinaConference Chair

Mark LeesonConference Coordinator

PROF. (ER.) ANAND NAYYARConference CoordinatorEmail:[email protected]

7

Page 8: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

CONFERENCE TRACKS

• Education Topics• Finance, Economics & Accounting Topics• Business and Management Topics• Medicine Sciences• Cultural & Global Studies• Environmental Studies• Organizational Studies• Educational and Communication Studies• Economics, Finance & Accounting• Business and Management Studies• Computer and Software Engineering• Mechanical & Metallurgical Engineering• Electrical & Electronics Engineering• Civil Engineering• Bio-Technology & Food Technology• Chemistry & Chemical Engineering• Physical, Applied and Life Sciences• Interdisciplinary• Medical and Health Sciences• Paramedical Sciences• Medicine Sciences• Biological and Life sciences• Multidisciplinary Topic• Food Science & Nutrition• Agricultural sciences• Interdisciplinary

8

Page 9: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

CONFERENCE CHAIR MESSAGE

Dr. Marina“International Conference of Research Publication and Innovation Centre, Philip-pines ” is a platform that thrives to support the worldwide scholarly communityto analyze the role played by the multidisciplinary innovations for the bettermentof human societies. It also encourages academicians, practitioners, scientists, andscholars from various disciplines to come together and share their ideas about howthey can make all the disciplines interact in an innovative way and to sort out theway to minimize the effect of challenges faced by the society. All the researchwork presented in this conference is truly exceptional, promising, and effective.These researches are designed to target the challenges that are faced by varioussub-domains of the social sciences, business and economics, applied sciences, en-gineering and technology, health and medical sciences.I would like to thank our honorable scientific and review committee for givingtheir precious time to the review process covering the papers presented in thisconference. I am also highly obliged to the participants for being a part of our ef-forts to promote knowledge sharing and learning. We as scholars make an integralpart of the leading educated class of the society that is responsible for benefittingthe society with their knowledge. Let’s get over all sorts of discrimination andtake a look at the wider picture. Let’s work together for the welfare of humanityfor making the world a harmonious place to live and making it flourish in everyaspect. Stay blessed.

Thank you.Dr. MarinaConference ChairEmail: [email protected]

9

Page 10: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

CONFERENCE SCHEDULE

RPICP-2019

Venue: Hotel H2O Manila (Meeting Room 2, 3rd Floor), Philippines

Time: Registration & Kit Distribution (10:00 am - 10:10 am)

Day:Monday

Date: February 18, 2019

Venue: Room 110:10 am 10:20 am Introduction of Participants10:20 am 10:30 am Inauguration and Opening address10:30 am 10:40 am Grand Networking Session10:40 am 11:00 am Tea/Coffee Break

10

Page 11: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

DAY 01 Monday (February 18, 2019)

Presentation Session (11:00 am - 12:30 pm)

Venue: Room 1

Track A:Engineering, Technology & Applied SciencesPaper ID Manuscript Title Presenter NameMs. Richelle Anne S. Tupaz Android-based Knowledge Management

System for Customer Service AssistanceUsing Nonaka Model

EBCIA-FEB19-PH101

Track B: Business, Economics, Social Sciences & HumanitieKingsley Chilaka Njoku The Role of the Visual Mixed Embedded-

ness Framework in Understanding Immi-grant EOF Approach

MPBSH-FEB19-PH101

C Min Han Changing Consumer Values in China andits impact on Consumer Behavior towardJapanese Brands

MPBSH-FEB19-PH103

Hyomin Kang A study on the Emotional Labor CauseFactors and Coping Behavior in LeisureComplex

MPBSH-FEB19-PH105

Illlak Son A study on the Emotional Labor CauseFactors and Coping Behavior in LeisureComplex

MPBSH-FEB19-PH105C

Jaeman Park A study on the Emotional Labor CauseFactors and Coping Behavior in LeisureComplex

MPBSH-FEB19-PH105C2

Bongs Lainjo The Evolution and Dynamics of ElectronicHealth Records systems (HHRSs)

MRSMB-029-ANI101

Ibrahim Guran Yumusak The Importance and Role of Venture Capi-tal Funds in The Solution of SMEs Finan-cial Problems: A New Model Recommen-dation to Participation Banking

MRSMB-029-ANI103

Lunch Break & Closing Ceremony (12:30 pm - 01: 30 pm)

11

Page 12: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

Conference Day 02 (February 19, 2019)

Second day of conference will be specified for touristy. Relevant expenses areborne by Individual him/herself.

12

Page 13: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

TRACK A

ENGINEERING, TECHNOLOGY & APPLIED SCIENCES

13

Page 14: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

Android-based Knowledge Management System for Customer ServiceAssistance Using Nonaka Model

1*Ms. Richelle Anne S. Tupaz, 2Benilda Eleono Comendador1,2System Integration and Change Execution-Globe Telecom Inc., Philippines

Corresponding Email: [email protected]

Keywords: Knowledge Management System, Knowledge Transformations, Mo-bile Data Service, Nonaka Model, And Mobile-Based Application

The paper intended the development of an Android-based knowledge Man-agement System for Customer Service Assistance using Nonaka Model. Applica-tion aims to provide mobility and efficiency for the customer and customer serviceagent. It is an alternative solution for a company to provide customer service, feed-back and knowledge-based information. However, the difference on the existingsystem is the way of Customer Service Agent to communicate with client. It isthrough chat using mobile data service of the customer. Application of customercontent knowledge-based information related to product and services details andsome ways to troubleshoot encountered issues by the customer.

14

Page 15: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

TRACK B

BUSINESS, ECONOMICS, SOCIAL SCIENCES & HUMANITIES

15

Page 16: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

The Role Of The Visual Mixed Embeddedness Framework InUnderstanding Immigrant EOF Approach

*Kingsley Chilaka NjokuDublin Institute of Technology (DIT), Republic of Ireland

Corresponding Email: [email protected]

Keywords: Immigrant Entrepreneurship, The VMEF Framework, Mixed Embed-dedness Theory, Mixed Embeddedness Concept, Ethnic Entrepreneurs, Opportu-nity Formation.

Research in a common parlance has been shortly described as a quest forknowledge. This can be seen in modern day research practices and claims frominternational research that entrepreneurial activities are on the high rate amongstIEs than natives. For instance, immigrants in the UK are three times more likely tobe entrepreneurial than natives. Also, this claim can well be likened to the currentsituation in the US (e.g. one-quarter of entrepreneurs in the US are immigrants).However, research on how IEs view business opportunity formation from the Irishcontext remains underdeveloped. This paper expounds the role of the visual mixedembeddedness framework (VMEF) in understanding how entrepreneurial oppor-tunities are formed from IEs perspectives through constant interactions with boththe home and the host country (Dublin). By identifying the role(s) of the VMEFfrom immigrant entrepreneurial perspectives, the framework explains how IEs per-ceive opportunity formation in Dublin. While the objective of this paper is toshow how immigrant entrepreneurial opportunity formation idiosyncrasies are in-fluenced by mixed relationship using in-depth interviews, the aim is to develop anempirically grounded framework (VMEF) that will aid a visual understanding ofEOF from immigrants perspectives. Given the orientation of the research topic,this paper will use qualitative research method to examine values and populationprinciples in conjunction with analysing societal determinants that will occur. Re-

16

Page 17: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

search shows that qualitative study adheres to the notion of trustworthiness assupposed to validity and reliability. In using equal sample sizes and parallel ques-tions, independent qualitative data set will be collected from IEs. Unequal sizewill not be seen as a limitation. Although, the concern is that qualitative approachis unable to generalize data from smaller to a larger group, the rationale for usingqualitative method however, is based on its flexible designs. Therefore, given thatqualitative study gives room for alteration, reconsideration, and possible modifi-cation of any design component during study to accommodate new developments,and changes in some of the other component, it suffices to state that such flex-ibility rises above any qualitative research limitation, hence, provides a strongerreasoning for using qualitative method. Ipso facto, qualitative research offers anin-depth experience of individual perspectives. In general, qualitative study allowsinductive approach technique rather than fixed and following a strict sequence orderived from an initial decision. Therefore, the use of qualitative method will aid aclearer understanding of the study problem through in-depth inquiry and offer sug-gestions on how to resolve them. This study will address this issue by developingand using a framework (VMEF), aided by pilot interview feedbacks from targetgroup, with special attention on their entrepreneurial activities in Dublin. Thispaper sheds light on the role played by the VMEF in understanding immigrantEOF in the Irish entrepreneurial ecosystem. Also, it contributes to knowledge byoffering novelty approach for examining immigrant business opportunity forma-tion idiosyncrasies. It finally deepens understanding using the theoretical logicsof mixed embeddedness theory to explain EOF from a different context.

17

Page 18: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

Changing Consumer Values in China and Its impact on ConsumerBehavior toward Japanese Brands

1*C Min Han,2Hyojin Nam,3Xiao Wang1,2,3Hanyang University,Korea

Corresponding Email: [email protected]

Keywords: Emerging Asia,Individualistic And Cosmopolitan,Foreign Brands

Recent literature indicates that China is undergoing a dramatic transformationto a society that embraces individualism and materialism as a result of economicgrowth and modernization (Hamamura and Xu 2015; Chen and Ren 2016; Yan2010). Studies also confirm that rising individualism and declining collectivismin China has led to changing consumer behavior (Wei and Yu, 2012; Han and Guo2018). Particularly, Han and Guo (2018) found that individualistic consumers inChina tend to show less ethnocentrism and greater cosmopolitanism toward for-eign brands. Thus, one would expect that such consumers in China show lesshostility toward Japanese brands. Our study is designed to investigate how con-sumer individualism (CIND) affects consumer choice for Japanese brands. Wealso investigate how consumer cosmopolitanism (COS) and consumer animosity(CA) mediate the effects of CIND on brand choices. Specifically, our study teststhe following hypotheses: H1: Individualistic consumers show favorable attitudesand great purchase intentions for Japanese brands. H2: CA mediates the effectsof CIND in H1. Individualistic consumers show favorable attitudes and great pur-chase intentions for Japanese brands because they exhibit weak animosity towardJapan. H3: COS mediates the effects of CIND in H1. Individualistic consumersshow favorable attitudes and great purchase intentions for Japanese brands be-cause they hold strong COS values. On-line surveys were conducted with samplesof 473 Chinese consumers in Shandong Province. We examined their attitudesand purchase intentions for four Japanese brands Sony and Toshiba for laptops

18

Page 19: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

and Canon and Nikon for cameras. We carried out a path analysis to test relation-ships among consumer CIND, COS, CA, brand attitudes, purchase intentions. Ourfindings confirm that individualistic consumers show favorable attitudes and greatpurchase intentions for Japanese brands (H1). More notably, our bootstrapping es-timates with phantom variables suggest that COS and CA each mediate the effectsof CIND on brand attitudes and purchase intentions (H2 and H3). In addition,CIND affects brand attitudes and purchase intentions only indirectly through COSand CA. The above findings suggest that individualistic consumers in China showfavorable attitudes and greater purchase intentions for Japanese brands becausethey are more cosmopolitan and less antagonistic towards Japan. Another impli-cation of our findings is that consumer values in emerging Asia can change overtime and, specifically, future consumers in China and perhaps other Asian coun-tries as well may be less hostile against Japanese brands as they become moreindividualistic and cosmopolitan.

19

Page 20: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

A study on the Emotional Labor Cause Factors and Coping Behavior inLeisure Complex

1Jaeman Park, 2Illlak Son, 3*Hyomin Kang1,2,3Kangwon. Natonal University

Corresponding Email: [email protected]

Keywords: Leisure Complex, Emotional Labor, Sociology of Emotion, EmotionManagement, Qualitative Research

Nowadays everybody is suffering from emotional labor. Complex leisurefacility is especially becoming a popular place for visitors since it can be used re-gardless of the weather. However, workers at these places have to go through moreemotional labor than needed for a typical service company employee. Therefore,this study aims to clarify coping management behavior for the laborers sufferingfrom emotional labor stress. To achieve this goal, the research has utilized thequalitative method of purpose sampling method and selected eleven people fromservice business. The data has been collected from personal interviews and anal-ysis has been done through meaning interpretation, categorization. And creatingcore categories and understanding the text. In conclusion, the study tries to high-light how the laborers receive stress through emotional service work and their cop-ing behavior towards it. This research aims to provide potential solutions for thesociety where workers need to deal with their emotional labor stress and increasetheir personal satisfaction about the workplace, which would lead to higher workefficiency. Furthermore, it is concluded that social environmental factors such assex of the employees, work continuation, company scale should also be consid-ered with the discourse upon emotional labor, and more research about emotionalsociology in both micro and macro methods would greatly help studies in sportssociology field.

20

Page 21: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

The Evolution and Dynamics of Electronic Health Records systems(HHRSs)

*Bongs LainjoUniversity of the West Indies,Kingston, Jamaica

Corresponding Email: [email protected]

Keywords: EHRSs, Prevalence, Achievements, Prognosis, Challenges, Dynam-ics, CMMS, Global, Regional, National, Gold Standard, and Quality of Service

The aim of this study is to review the transformation process in convertingcurrent manual medical records (MMRs) into electronic health record (EHR) sys-tems. The study also illustrates a case study conducted by the author as stage oneof the implementation of the Center for Medicare and Medicaid Services (CMS)electronic health record (EHR) incentive program (Cohen et al., 2015). The thirdobjective is to thematically highlight the prevalence, achievements, challenges andprognosis of implementing EHR systems. The study is focused on global, regionaland national geopolitical systems. A select group of industrial countries in NorthAmerica, Oceania, Asia, and Europe is used to illustrate the dynamics and trans-formation system of medical records from manual to electronic. The methodologythat is used analyzes the global, regional and national implementation rates of theelectronic health records systems. The review is made based on different gov-ernments, and their role in ensuring that the system is successful, without com-promising the quality of service. Physicians attitudes towards the system werealso used as part of the review process. A comprehensive analysis of the wholeEHR systems ecosystem is also performed. The findings in the study are that theimplemented EHR systems are faced with many challenges, despite some subse-quent benefits (Delbanco, 2008; Phillips et al., 2009). The systems are prone totranscribing errors, which the user may not understand nor address (Phillips et al.,2009). These errors may be transferred to a patients medical results; a process

21

Page 22: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

that is likely to compromise the patients safety and quality of service. There isalso a likelihood that people using the system may not fully embrace it (Davis &Stoots, 2013). According to study findings, while significant efforts have beenmade by various governments to encourage EHR systems, enormous challenges(standardization, programming glitches, system failures, vulnerability of patientrecords, confidentiality, other internal and external factors) continue to slow downthe process. There is a global absence in instituting an effective and inclusiveteam to contribute towards the design and development of EHR systems. Inade-quate oversight has also impacted implementation processes. Denmark remains atrailblazer in efforts to computerize manual medical records, and could easily beregarded as the gold standard. Innovations come with relative risks. MMRs areno exception, and the challenges are exacerbated by the involvement of differentplayers at various stages of the transformation process. Potential setbacks rangefrom human errors, to computer system breakdowns, to uncontrolled external andinternal factors. While caution remains a key mantra, stakeholders (government,doctors, patients, service providers etc.) need to balance the benefits of implemen-tation against the risks of failure and the degree of vulnerability. According to theresearch findings, various countries have implementation rates based on the degreeof government support and involvement (Davis & Stoots, 2013). For example, in2009, the U.S had the lowest conversion rates compared to other industrializedcountries. This was due to a lack of incentives and encouragement offered bythe government to institutions to participate in converting their respective manualsystems into electronic ones. This outlook changed in 2012 when the U.S gov-ernment became more proactive an initiative that has resulted in an improvementin the conversion rate (Balgorsky, 2014). The case study serves as an illustrationof one of the requirements recommended for the successful implementation of thesystem. As expected, the implementation of an EHR system has achieved reducingthe bulkiness of paperwork, the safe storage of patient records, and significantlyimproved access to patient records. The preceding remarks notwithstanding, thelikelihood of compromising patient records still remains a major concern despitea lower rate in occurrences (Phillips et al., 2009). A compelling complementary

22

Page 23: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

and invaluable safeguard is the introduction of strict standardized quality controlguidelines. For example, the mitigation of cases where wrong medications withfatal effects are issued to patients will become a non-event. An effective and con-tinuously monitoring framework will go a long way in lessening patient vulnera-bility. In general, given the currently evolving dynamics, the benefits significantlyoutweigh the risks, especially in circumstances where all the bugs in the systemshave been corrected. While successful implementation is plausible, stakeholdersneed to be reminded that the provision of operating parallel systems (manual andelectronic simultaneously) for a substantial amount of time remains unavoidable.Adapting such a process will guarantee continuity and sustainability.

23

Page 24: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

The Importance and Role of Venture Capital Funds in The Solution ofSMEs Financial Problems: A New Model Recommendation to Participation

Banking

1*Ibrahim Guran Yumusak, 2Zafer Demir1Istanbul S. Zaim University,2Export Credit Bank of Turkey

Corresponding Email: [email protected]

Keywords: Partnership-Based,Initiatives, Companies

The area in which the venture capital is concerned is primarily the initia-tives and companies that include the potential for subsequent growth and profit.The most prominent feature of the financing model is the investment techniquewhich carries a medium- and long-term partnership approach. Venture Capitalsdetermine both operating under their current potential as well as their high growthpotential as an audience. The choice of the current financing of non-routine andpotential-carrying areas obtain the vital point of departure of the investment re-quest. The primary objective of this paper is to comply with the partnership-basedCapital entry model rather than the traditional resource provision based on borrow-ing or lending financing for the solution of financing problem which is preventingthe development and growth of SMEs Capital approach represent the creation of aninterest-free fund transfer model. In this context, we can describe the fundamen-tal question of this study on the venture capital model as follows: is the venturecapital model enough and appropriate approach to comply with the demand forthe funds that SMEs need? In this general framework, the following is the detailsof working with the sub-research questions specified in the articles: is the ven-ture capital approach a model that complies with the principles and fundamentalsof participation banking? Can participation banking be able to provide financingwith the partnership-based venture capital model and what services and benefitswill be available to SMEs by establishing the participation banks venture capital

24

Page 25: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

fund? This approach is proposed based on the compliance of the venture capitalapproach to the principles of participation banking. We established a significantcorrelation between venture capital and SMEs financial solutions. Finally, the in-tegrated participation venture capital model has proposed an alternative model forSMEs. Participation Banks and fund managers believe the trust relationship isweak in the partnership with companies and the difficulty of auditing due to in-formal economic activities. First, although the enterprise and the partnership arebuilt on a robust audit and control system, it is true the trust relationship is based.The correct determination and commercial ethics of entrepreneurs and individu-als are easy to quantify. Participation banks will be able to strike entrepreneurswho consider reliable and commercial ethics with their rooted branch networks.An independent and equitable system in the company and share valuations can bebenefited from the expertise and autonomous structures of universities. Venturecapital funds, which are activated by the participation banks and provide directsupport to the economy, will benefit the fund holders, entrepreneurs and partici-pation banks. In this manner, all sides of the system to win around the foundationof the funding technique in the broadest picture of community welfare and thedevelopment of the country’s economy with a direct contribution to the followingperiod will be a supported and promoted finance approach.

25

Page 26: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

UP COMING EVENTS

You can find the details regarding our upcoming events by following below:

http://rpicp.com/mpse-april-2019/

http://rpicp.com/2019-manila-philipines-01/

http://rpicp.com/bssrm-march-2019/

http://rpicp.com/2019-manila-philipines-05/

http://rpicp.com/2019-manila-philipines-06/

http://rpicp.com/2019-manila-philipines-08/

26

Page 27: International Conference on Multidisciplinary Perspectives ... · International Conference on Multidisciplinary Perspectives in Business Management, Social Sciences, Economics & Humanities

Organized By: Research Publication and Innovation Centre