Vol. 2 No. 3 (2024)

Published: 2024-04-15

Latest Articles

  • Open Access

    Article

    Analysis of the importance of business model and business plan in the process of entrepreneurship: Taking college students entrepreneurship as an example

    Shuai Han, Shi Yin, Lirui Liu


    This article explores in depth entrepreneurship focusing on business models and business plans. Taking the difficulties and challenges faced by college students as an example, it analyzes the importance of business model innovation to entrepreneurial enterprises and its key role in market competition. The article first summarizes the concept of entrepreneurship and the problems it faces, and second introduces the business model and its application in entrepreneurship, the definition and components of the business plan, and how to make an effective business plan according to the market demand, technology trends and competitive environment. This paper points out that a successful business model needs to be closely combined with market positioning, product strategy, marketing means, profit model and other elements, and the formulation of a business plan requires rigorous steps. The study has concluded that: the business model is the core of the business plan, and the plan is the specific implementation of the model. The two need to adjust each other and jointly determine the success of the enterprise. The future development trend of business model and business plan is the trend of digitalization and intelligence, personalization and customization, flexibility and adaptability. This paper puts forward suggestions for entrepreneurs represented by college students: in-depth understanding of market and customer needs, the need to maintain innovative thinking, the feasibility of socialist plan, etc. Thus improving the success rate of entrepreneurship. This paper enriches the relevant theories of entrepreneurship, lays the foundation for in-depth research, and has certain theoretical significance.

  • Open Access

    Article

    The coupling and coordination of digital economy and manufacturing transformation and upgrading for industry 5.0 in Hebei Province

    Jianfang Li, Jiachen Wang, Tongtong Sun , Shi Yin


    In the context of the widespread application of digital technologies such as the Internet, big data, artificial intelligence, and cloud computing, digital transformation in the manufacturing sector has become an important engine to promote high-quality economic development in Hebei Province. This paper aims to objectively analyze the current situation of industrial integration between the Beijing-Tianjin-Hebei digital economy and the manufacturing industry, and conduct level measurement, so as to promote the in-depth integration and development of the digital economy and manufacturing industry in Hebei Province, so that the manufacturing enterprises in Hebei Province can rebuild their competitive advantages in the future development, finally realize digital transformation, and promote the high-quality development of the manufacturing industry in Hebei Province. Therefore, it is very important to carry out empirical research on the integrated development of digital economy and manufacturing industry in Hebei Province. First of all, this paper constructs the index evaluation system of digital economy and manufacturing industry respectively, takes the relevant data of Beijing-Tianjin-Hebei region in recent five years as data samples, uses entropy weight-TOPSIS method to measure the level of digital economy development and manufacturing industry transformation, and uses the coupling coordination degree model to measure the level of industrial integration of the two. The final results show that: (1) The development level of digital economy in Hebei Province fluctuates greatly, and there is still a certain gap with Beijing and Tianjin, but the future development potential of digital economy is huge. (2) The transformation level of manufacturing industry in Hebei Province shows a trend of fluctuation and rise on the whole, and the development trend is good, and the gap between Hebei Province and developed regions is gradually narrowing. (3) The integration of digital economy and manufacturing industry in Hebei Province has a good development trend, but there is still a certain gap with Beijing and Tianjin, and there are problems of inadequate, unstable and unbalanced industrial integration. Finally, based on the research conclusions, suggestions are put forward to promote the coordinated development of Beijing-Tianjin-Hebei region, improve the level of digital economy and manufacturing integration of industrial convergence development, raise the level of digital infrastructure construction, and raise the level of science and technology innovation. This paper reveals the mechanism of digital economy affecting the high-quality development of manufacturing industry, studies the whole process of digitalization, information technology and intelligence integration into the development of manufacturing industry, and fully releases the positive effect of digital economy driving the high-quality development of manufacturing industry, which has important theoretical and practical significance for promoting the high-quality development of manufacturing industry and formulating relevant industrial policies.

  • Open Access

    Article

    Time-varying effects of crude oil price fluctuations on tuna fish prices

    Pierre Failler, Yuhang Zheng, Yue Liu, Negar Akbari, Helga Josupeit, Andy Forse, Benjamin Drakeford


    This research presents an investigation of the time varying effects of crude oil on the price of three Tuna species, namely skipjack, albacore and yellow fin. The investigation analyses the impact coefficient of oil price fluctuation on tuna species over time with specific phases related to time points when crude oil prices fall, including December 2008 (due to the impact of the Financial Crisis), February 2016 (due to the impact of the US shale oil and gas revolution) and April 2020 (due to the impact of the global COVID-19). The analysis shows that the price of yellow fin and skipjack show sensitivity to these phased oil price shocks however stay consistent after recovery. This research finds that the relationship between oil price and Tuna price depend on specific phases of the oil price fluctuations and that global crude oil price shocks could have immediate and short-term impacts on fish markets especially during a period of financial crisis.