Volume 112

Published on October 2024

Volume title: Proceedings of the 8th International Conference on Economic Management and Green Development

Conference website: https://2024.icemgd.org/
ISBN:978-1-83558-637-2(Print) / 978-1-83558-638-9(Online)
Conference date: 26 September 2024
Editor:Lukáš Vartiak
Research Article
Published on 27 September 2024 DOI: 10.54254/2754-1169/112/20242802
Qingying Duan
DOI: 10.54254/2754-1169/112/20242802

This study uses value chain analysis to examine the basic and supporting activities in the homestay industry, explore the challenges present in the value chain activities, and offer recommendations. The study points out that homestay businesses should focus on core competencies and implement a series of measures to achieve value creation and cost control. Additionally, optimizing the policy environment and applying sustainable development are crucial for the transformation and upgrading of the homestay industry. The results provide practical guidance for the industry to achieve sustainable development in an increasingly competitive market.

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Duan,Q. (2024).Research on High-Quality Development Strategies for the Homestay Industry from the Perspective of Value Chain.Advances in Economics, Management and Political Sciences,112,1-5.
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Research Article
Published on 30 September 2024 DOI: 10.54254/2754-1169/112/20242534
Yeming Feng
DOI: 10.54254/2754-1169/112/20242534

The research utilizes case analysis techniques to examine the driving forces behind, and the effectiveness of, the international corporate mergers and acquisitions (M&A) in China Resources Pharmaceutical within the RCEP structure. Research indicates that international mergers and acquisitions markedly improved the firm’s expertise in market expansion, technology acquisition, resource integration, and synergy effects. Such initiatives have stimulated an increase in revenue and profits, streamlined the cost framework, and further enhanced the firm’s brand prominence, innovative prowess, and competitive edge in the market. Enacting RCEP presents not only prospects for China Resources Pharmaceutical but also introduces obstacles including adherence to policies, cultural assimilation, and the merging of operations. The research suggests related strategic approaches to tackle these issues and boost the firm’s global competitive edge and market impact.

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Feng,Y. (2024).Cross-border M&A Motivations and Performance Evaluation in the Healthcare Industry under the RCEP Framework — A Case Study of China Resources Pharmaceutical.Advances in Economics, Management and Political Sciences,112,6-12.
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Research Article
Published on 18 October 2024 DOI: 10.54254/2754-1169/112/20242267
Yilin Cheng
DOI: 10.54254/2754-1169/112/20242267

This study investigated the impact of product characteristics, specifically cuteness, on consumer pro-social motivation and donating behaviours. I predict that cute product would elicit consumer’s pro-social motivations and thus increase their willingness to donate. To test these hypotheses, I conducted an experiment, in which participants were presents with a scenario involving the sale of cakes for fundraising. Participants were randomly presented with either a cute cake or an ordinary cake and were asked to indicate their pro-social motivation and their willingness to buy (donate). Results indicate the cute products can evoke pro-social motivation, thereby enhancing donating behaviour. This research provides valuable insights into the dynamics of consumer donating behaviour, specifically elucidating the role of product characteristics, such as cuteness, in fostering pro-social responses.

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Cheng,Y. (2024).Cuteness Catalyst: Fostering Pro-Social Motivation and Enhancing Donating Behaviors .Advances in Economics, Management and Political Sciences,112,13-18.
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Research Article
Published on 18 October 2024 DOI: 10.54254/2754-1169/112/20242268
Yuman Tang
DOI: 10.54254/2754-1169/112/20242268

The article delves into the intricate relationship between macroeconomic policies and cultural trauma. It argues that economic decisions, typically confined to corporate and legislative realms, significantly impact communities by shaping collective memories, identities, and psychological distress. The study highlights historical events like The Great Depression and the COVID-19 pandemic, underscoring their transformative impacts on societal consciousness and cultural narratives. The article emphasizes the role of macroeconomic choices, such as fiscal policies and trade agreements, in creating collective experiences that transcend economic outcomes. Using examples like trade liberalization in Brazil, it demonstrates how economic policies can lead to diverse societal perceptions and narratives. The article also examines the role of media, public discourse, and societal leaders in shaping public perceptions of these decisions. Central to the study are the contributions of cultural sociologists like Jeffrey C. Alexander, who propose that cultural trauma arises more from societal narratives around an event rather than the event itself. The study stresses the need for a comprehensive approach that integrates economic analysis with sociological insights, highlighting the importance of understanding economic decisions beyond their immediate financial implications. Conclusively, the article posits that macroeconomic decisions have profound and lasting impacts on societies, influencing collective identities and memories. It advocates for policies and scholarly approaches that acknowledge the broader societal ramifications of these decisions.

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Tang,Y. (2024).Economic Decisions and Cultural Trauma: A Sociological Exploration of Macro-level Policies and Societal Perceptions.Advances in Economics, Management and Political Sciences,112,19-25.
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Research Article
Published on 18 October 2024 DOI: 10.54254/2754-1169/112/20242269
Zichen Wan
DOI: 10.54254/2754-1169/112/20242269

With the development of the globalization of the world market, the study of cross-cultural communication is becoming more and more important. This report is discussing about the expatriate Management of a China’s company Mengniu. Mengniu is one of the largest Milk companies in China, At present, Mengniu has established factories in several countries, and also acquired a number of foreign companies, and has operations in several countries. The report is mainly based on Mengniu's analysis in Australia. This report has two parts. In the first part, the Hofstede Model is used to evaluate Mengniu's overseas employee management in Australia, including overseas employee failure (about culture shock and ethics), performance and reward Management, talent management and other aspects. The second part discusses the selection of Mengniu's global staffing, including Mengniu's business strategy, the selection of EPRG, international staffing methods and the formulation of effective international staffing plans. Finally, it is suggested that Mengniu should improve and adjust its overseas staff training, rewards, talent management and international personnel allocation.

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Wan,Z. (2024).Expatriates Management of Mengniu.Advances in Economics, Management and Political Sciences,112,26-31.
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Research Article
Published on 18 October 2024 DOI: 10.54254/2754-1169/112/20242271
Yunjie Wang
DOI: 10.54254/2754-1169/112/20242271

This paper studies the Bolshoi Theatre's digital transformation in cultural sustainability, focusing on innovation management and technology utilization, explores the critical need for cultural institutions to overcome hurdles and capitalize on opportunities provided by modern technologies, investigates the Bolshoi Theatre’s strategic ways of managing its digital transformation while preserving and improving its cultural history, its historical relevance and its digital projects, to reveal managerial obstacles, opportunities, and deep influences on both internal techniques and audience reviews. Key findings highlight the transformative significance of innovation management in changing market involvement via virtual performances, virtual reality reviews, and augmented reality programs. The study also emphasizes the need for knowing usage, as indicated by creating a centralized digital archive and combining device learning algorithms for customized target market interactions. This research contributes insights into managing cultural institutions in the digital age, with broader implications for strategic use of digital technology in cultural management.

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Wang,Y. (2024).Digital Transformation for Cultural Sustainability: The Bolshoi Theatre Experience.Advances in Economics, Management and Political Sciences,112,32-37.
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Research Article
Published on 18 October 2024 DOI: 10.54254/2754-1169/112/20242272
Zhengyang Zang
DOI: 10.54254/2754-1169/112/20242272

China has made remarkable achievements in reducing greenhouse gas emissions, especially in achieving the emission reduction targets set for 2020. This progress is mainly due to China's reduced dependence on coal and other fossil fuels, which not only promotes significant improvements in air quality but also lays the foundation for the transformation of China's economic structure. Especially in the energy and industrial fields, carbon neutrality policies are driving companies to transform into greener and more sustainable operating models. Facing the economic challenges brought about by the COVID-19 epidemic, China is actively seeking a path to low-carbon economic recovery by increasing public investment in renewable energy and other fields. From an international perspective, China's carbon neutrality commitment has the potential to inspire other large carbon-emitting countries, especially countries along the Belt and Road and neighboring countries, to strengthen their emission reduction efforts. At the same time, Southeast Asian countries face shortages of technology, equipment, and raw materials, as well as insufficient investment when developing renewable energy. In this regard, China’s experience and investment have a significant impact on Southeast Asian countries’ carbon neutrality policies and renewable energy development. China can use its technological and manufacturing advantages to share resources with neighboring countries in renewable energy technology and equipment manufacturing, and provide support for ASEAN countries to achieve their renewable energy goals.

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Zang,Z. (2024).Analysis of the Impact of China's Carbon Neutrality Policy on the Environment and Economy at Home and Abroad.Advances in Economics, Management and Political Sciences,112,38-46.
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Research Article
Published on 18 October 2024 DOI: 10.54254/2754-1169/112/20242273
Meizhen Sang
DOI: 10.54254/2754-1169/112/20242273

In the face of the global energy challenge, this study delves into the intricate landscape of energy dynamics within the rapidly evolving global economy and technological sphere. Recognizing energy as a pivotal driver of societal progress, we present a comprehensive evaluation and optimization model for China's energy sources, emphasizing economic, cost, electric energy, and environmental considerations. Employing time series models, specifically ARIMA and gray scale forecasting, we meticulously analyze wind and solar power generation, as well as overall power consumption. The results showcase nuclear power and hydropower as significant contributors to the energy landscape. Leveraging a linear programming model, we simulate and optimize the future energy development structure, considering constraints such as cost, energy, capacity, and carbon emissions. Our findings reveal the optimal quota contributions of thermal power, hydro power, nuclear power, wind power, and solar power as 13.7%, 14.2%, 17.6%, 54.5%, and 0%. Building upon these insights, we propose strategic recommendations for sustainable electric energy development. Emphasizing wind and solar energy's potential, we advocate for continued interest and increased support for technological advancements. Additionally, we call for the establishment of comprehensive power and energy development plans, integrating economic and environmental goals. To address imperfections in China's electricity tariff system, we recommend ongoing reforms aligned with market dynamics and environmental considerations.

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Sang,M. (2024).A Study on Energy Production and Consumption Based on Seasonal ARIMA and REAO.Advances in Economics, Management and Political Sciences,112,47-56.
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Research Article
Published on 18 October 2024 DOI: 10.54254/2754-1169/112/20242274
Yilei Zhang
DOI: 10.54254/2754-1169/112/20242274

This paper presents a comprehensive analysis of bike sales and customer demographics in Europe based on a dataset obtained from Kaggle.com. The dataset covers the period from 2011 to 2016 and includes information on customer age, gender, product categories, order quantities, unit costs, unit prices, profit, and revenue. The analysis utilizes data visualization techniques to identify key trends, including the top-selling products, customer purchasing power across different age groups and customer genders, and product profit margins. The findings suggest opportunities for retailers to target specific customer segments and product categories to maximize profits. Additionally, the report highlights the growing popularity of cycling as a sport and a healthy lifestyle choice, indicating a potential for increased demand in the bike retail market. Overall, the insights provided in this report aim to assist retailer chains in developing effective strategies to capitalize on the opportunities presented by the European bike sales market.

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Zhang,Y. (2024).Data Visualization of Bike Store Sales in Europe.Advances in Economics, Management and Political Sciences,112,57-61.
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Research Article
Published on 18 October 2024 DOI: 10.54254/2754-1169/112/20242275
Yichen Sun
DOI: 10.54254/2754-1169/112/20242275

In the present age, many issues have been brought to the forefront with the development of cities, hence the concept of sustainable smart cities has been introduced. Based on the methodology of big data analytics and related technologies, this paper gives the planning for sustainable smart cities from several perspectives. Starting from the analysis of urban industries and architecture, this paper analyses the distribution of urban population, presents and analyses the use of renewable energy sources in cities and the use of advanced traffic systems through several successful cases, and introduces the application of internet technology at the end. Many perspectives in this paper start with examples from real cities, thus giving evaluations as well as suggestions for optimisation. The analyses of smart cities throughout the text also deal with environmental governance, aiming to make the topic of sustainable development realisable, so that the economy and environment of the smart cities in the future can be mutually reinforcing.

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Sun,Y. (2024).Sustainable Smart Cities Planning in Conjunction with Environment Governance.Advances in Economics, Management and Political Sciences,112,62-69.
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