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Aug 23, 2024

Transforming Dajia Insurance Group Limited Liability Company: Assessing the landscape, addressing obstacles, and crafting strategies for digital success

Background: Dajia Insurance Group, a limited liability company, recognizes the need for digital transformation to remain relevant and competitive in the changing insurance industry. To be competitive and relevant, businesses including insurance organizations are adopting digital due to rapid technological developments and changing consumer preferences but Dajia Insurance has unique challenges in the insurance industry and its operations. Purpose: The analysis begins with the key challenges Dajia Insurance faced during its digital transformation journey, including outdated legacy systems and processes, cultural resistance, and talent acquisition. These challenges reveal severe corporate constraints does not embrace digital technologies well. Dajia Insurance’s approach to digitization is constrained by external factors including regulatory compliance and market realities. Achieving digital success requires a complex combination of technology, people and processes. This brief focuses on the consumer perspective and outlines ways to increase digital connectivity, streamline operations and personalize the provision of insurance. Method: The data was collected from the 200 different senior executives, employees across departments, customers, and external partners within Dajia Insurance Group Limited Liability Company (Dajia Insurance) ensuring a representative sample that captures the diversity of the city’s workforce through smart PLS software was used to analyze the data. Findings: This study highlights the importance of collaboration and knowledge sharing within firms and throughout the technological ecosystem. Dajia insurance can benefit from strategic partnerships with educational institutions and industry bodies, acquire new knowledge and stay abreast of industry trends and developments. Originality/implications: This summary presents the digital transformation process with the unique challenges and capabilities of Dajia Insurance Group’s limited liability company. Dajia Insurance aims to be at the forefront of digital insurance by implementing digital initiatives, overcoming barriers and developing an innovative culture.

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Aug 22, 2024

Electric vehicles penetration in Thailand: Rationale, challenges and strategies

This paper provides an evolution of energy policy development of the Thai transport sector with an aim to analyze the driving forces that have shaped policy development and to identify the socio-economic and political challenges faced by the EV penetration. This evolution is divided into four time periods spanning from the pre-legislative era in 1970 to 2023. These periods mark pivotal shifts in energy policy directions within the transport sector. For each time period, analysis is carried out to delineate the influence of economic, environmental, social, political and other factors on shaping policy development in Thailand. The analysis reveals that the formulation of EV policies has been driven by several internal and external circumstances and influences. These include energy security issues, environmental threats, the economic and war crises, and global health crisis. Therefore, the impetus behind EV promotion policy in Thailand arose from the need to develop new strategies to tackle the energy import dependency, instability of energy costs, and the environmental consequences of fossil fuel consumption. However, limited attention has been paid on the socio-economic and political challenges that could emerge and hinder the effective implementation of EV promotion policy. Key emerging challenges include rising electricity tariffs, impacts on other related industries, and ineffective planning and practices for the rapid expansion of EVs. This paper further proposes several strategies could be adopted in order to address these challenges. The strategies, for example, coordinated charging with a time-of-use electricity tariff, workforce reskilling and upskilling, reinventing the business model of petrol stations, the development of new biofuel products, and establishing a platform to integrate various national energy and associated plans for harmonizing vision and objectives. These strategies could contribute to addressing emerging challenges and providing sustainable future of electric transportation in Thailand.

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Aug 22, 2024

Sustainable planning and policy development in psychological wellbeing of nurses in post COVID-19 pandemic community setting: A systematic review of comparative studies

The pandemic may have a long-term effect on psychological distress as well as wellness behaviors, especially for nurses. It is time to find out the clear policies and procedures to support health workers, for a sustainable health workforce. The aim of this research was to compile existing information on the effects of nurses’ mental health and wellness on their work in Indonesia and Thailand. A systematic review of mental health and psychological wellbeing following PRISMA guidelines was conducted through e-databases searching, including PubMed, EMBASE, Scopus, and Pubmed from 2020 up to 2023. The literature was screened via EndNote X21. A total of 4,015 studies were retrieved, 14 were deemed appropriate for inclusion (7 from Indonesia and 7 from Thailand). Our study indicates that COVID-19 has a considerable impact on the psychological wellbeing of nurses in community setting. In Thailand, the mental health outcomes included anxiety, panic, stress, isolation, fear, worthlessness, PTSD, and depression. The factors that affect the mental well-being of the respondents are education, finance, work pattern, and lifestyle changes. In Indonesia, the mental health outcomes included anxiety, stress, burnout, and depression. The most influential factor with the psychological well-being of nurses was psychological stress. Researching community nurses’ mental wellbeing and psychological distress post-COVID-19 in Indonesia and Thailand is crucial for promoting their resilience, well-being, and job retention. Implementation of holistic staff wellness policies that appeal to nursing staff’s physical and psychological well-being, along with psychological health support services, will effectively address the psychological issues experienced by nurses after the pandemic.

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Aug 21, 2024

The impact of human resource agility on the innovative performance in Jordanian pharmaceutical companies

The goal of this research is to focus on the impact of HR agility on Jordanian pharmaceutical manufacturing companies’ innovative performance. The study population of the study consists of managers at different levels of pharmaceutical companies listed on the Amman Stock Exchange. Convenience sample consists of 450 questionnaires was sent. PLS-SEM was employed in this work to assess the measurement model and to verify the study theories. The findings revealed that human resource agility has a positive impact on innovative performance. The implications of the research as this analysis have shown, a variety of factors influence the agility of human resources, allowing organizations to create and implement strategies that lead to better adaptability in a rapidly changing environment. Significant ramifications could arise from this review for organizations that prioritize fostering employee confidence, refining strategies to gain a competitive edge, enhancing employee skills, and adapting to both internal and external shifts in the work environment.

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Aug 21, 2024

Does innovation and education affect economic growth? A data-driven approach using panel data

This study investigates the intricate relationship between a nation’s GDP growth rate and three key variables: the number of granted patents, research and development (R&D) expenditure, and education expenditure. The purpose of the research is to discern the impact of these factors on GDP growth rates. Drawing on theoretical frameworks, including Dynamic Ordinary Least Squares (DOLS), Fully Modified Ordinary Least Squares (FMOLS), and Canonical Correlation Regression (CCR) techniques, the paper employs a robust methodological approach to unveil insights into the dynamics of economic growth. Contrary to conventional assumptions, the results reveal a negative correlation between R&D expenditure and GDP growth rate. In contrast, the number of patents granted and education expenditure shows a positively significant effect on the GDP growth rate, underscoring the pivotal roles of intellectual property creation and education investment in fostering economic growth. The conclusion emphasizes the importance of a nuanced understanding of these relationships for policymakers. The research’s implications highlight the need for balanced investments in innovation and education. The originality and value of this study lie in its unique findings challenging established beliefs about the impact of R&D expenditure on economic growth.

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Aug 19, 2024

Non-enzymatic detection of 17β-estradiol in real samples using PANI@CeO2 nanocomposite

Herein, we developed a non-enzymatic biosensing platform using polyaniline (PANI) polymer matrix grafted with CeO₂. The one-pot synthesized nanocomposite has been used for the detection of 17β-estradiol (E2). The homogeneous distribution of CeO₂ onto the PANI matrix leads to an increase in surface area, conductivity, and effectiveness of the synthesized nanocomposite PANI@CeO₂. The PANI@CeO₂ nanocomposite was characterized using structural and morphological techniques. Further, the electrode fabrication was performed electrophoretically by depositing the PANI@CeO₂ nanocomposite onto the ITO electrode. The PANI@CeO₂/ITO showed enhanced electrochemical behavior as compared to PANI/ITO. Detection of E2 was carried out using the differential pulse voltametric technique (DPV). Linearity has been observed through the detection range of 1 µM–100 µM with LOD = 2.15 µM. The developed biosensor has been found to be stable and selective towards E2. It has been successfully utilized for the detection of E2 in real samples like tap water and human urine samples. Thus, this research encourages its use for more applications in clinical diagnosis and biomedical sciences.

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