Vol 1, No 2, July - December 2024

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    Technology in Healthcare: Collaborative Business Opportunities for Developing Cognitive Training Solutions for Older Adults in Cambodia
    (December 1, 2024) Patchanee Tungjan
    Cambodia is on the brink of becoming an aged society, with its elderly population rapidly. According to the National Institute of Statistics in Cambodia, the percentage of older adults has risen significantly, from 6.34% in 2008 to 8.86% in 2019, accounting for 1,378,688 individuals. By 2050, this figure is projected to increase further to 23.17%, transitioning Cambodia into what is known as a “super-aged” society. This demographic shift reflects a broader trend seen globally and within the Association of Southeast Asian Nation (ASEAN) Member States (AMS). Globally, the aging population has become a pressing concern. The World Health Organization (WHO) reported that in 2019, there were 1 billion older adults worldwide, a number projected to rise dramatically to 2.1 billion by 2050. Notably, 80% of these individuals will be living in low- and middle-income countries. Within the ASEAN region, a report from Thailand’s Department of Older Persons highlighted that in 2022, seven out of ten AMS had entered the “aged society” phase. A society can be considered as aged when older adults account for more than 10% of the total population. While Cambodia, along with Lao PDR and the Philippines, have yet to reach this threshold, the rapid increase in Cambodia’s elderly population poses potential challenges for various sectors, including government, healthcare sectors, and families who may need to provide care.
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    Economic and Social Impact of Thalassemia in Cambodia: Challenges and Strategic Solutions
    (December 1, 2024) Shamila Ramjawan, MBA, TEFL
    Thalassemia, a hereditary blood disorder characterized by abnormal hemoglobin production, presents significant health challenges in various regions worldwide, including Cambodia. This genetic condition leads to the destruction of red blood cells, causing anemia and other severe complications. In Cambodia, thalassemia affects thousands of people annually, with a significant number of cases identified in younger populations. Awareness and understanding of thalassemia in Cambodia have gradually increased over the past decade thanks to efforts by health organizations, government initiatives, and international collaborations. However, despite these efforts, the management and treatment of thalassemia face significant obstacles. Severe thalassemia diseases are a major health problem in Southeast Asia.
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    Using ChatGPT: The Experience of Higher-Education Students
    (December 1, 2024) Kenneth Paul Charman, PhD
    In November 2022 ChatGPT was launched, and with it came the possibility to take a quantum leap beyond established search functions for a multitude of applications. The potential benefits of ChatGPT are attractive in higher education, where complex questions and lengthy assignments are commonplace, and where the uptake of ChatGPT amongst students would be expected to be rapid and widespread. Higher education students could provide an insight into how the rest of the population might adopt ChatGPT and other AI chatbots as a genuinely disruptive technology which could transform work processes. However, the benefits of ChatGPT and other AI chatbots run parallel with concerns as to the accuracy and reliability of information which AI chatbots provide, and ethical concerns as to the originality of the outputs and the potential over-reliance on AI chatbots that result.
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    Game-Based Learning: Elevating Business and Academic Writing Skills for EFL Learners
    (December 1, 2024) Mansoureh Bahadori, MBA; Sajad Shafiee
    Effective communication is crucial in today’s job market. According to the National Association of Colleges and Employers (2019), a staggering 82% of employers consider it a key skill for career success. The survey also revealed that four out of five employers prioritize strong written communication abilities when evaluating recent graduates. In this competitive landscape, possessing robust writing skills—especially grammatical proficiency—is vital for professional advancement. Poor grammar can lead to misunderstandings, tarnish professional reputations, and ultimately result in lost business opportunities.
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    Team Psychology in the concept of Teamwork
    (December 1, 2024) Aida Mehrad, PhD
    Team psychology is a multifaceted discipline that integrates concepts from social psychology, organisational behaviour, and leadership studies. It seeks to understand and improve group dynamics, performance, communication, and overall team success. This field is crucial for optimising teamwork in various settings, including workplaces and sports teams, by providing strategies and frameworks that enhance team functionality and goal achievement. Understanding the critical factors influencing team performance is essential. Key factors include team composition, size, and assigning roles and responsibilities, which are pivotal in crafting effective team strategies. The research underscores the significance of these factors in developing comprehensive and practical team strategies (Mehrad & Fallahi, 2014; Salas, 2018; Yeager, 2021).
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    Sustainable Progress? A Critical Look at Sustainability Reporting in Cambodia’s Business Sector
    (December 1, 2024) Edman Flores, MBA, CPA
    Sustainability reporting has become a vital component of corporate accountability in today’s business environment. It enables organizations to showcase their commitment to economic, social, and environmental responsibilities, extending beyond mere financial performance. These reports provide comprehensive insights into the economic, environmental, and social impacts of an organization’s operations (GRI, n.d.). This transparency empowers organizations to enhance their performance in various ESG (Environmental, Social, and Governance) areas, identify areas for improvement, and make informed decisions to boost their sustainability efforts (GRI, 2020).
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    The Potential of Receivables-Based Financing for Cambodian Companies
    (12/1/2024) Charles K. Whitehead; Myron C. Taylor
    Many successful companies in emerging markets, such as Cambodia, are capped at the credit rating of the country in which they are located. The ceiling reflects the assessment of the international credit rating agencies (such as Standard & Poor’s and Moody’s) of the country’s sovereign risk, not the company’s standalone risk. No matter how strong the company is, its credit rating cannot exceed the country’s sovereign rating. As of May 16, 2024, Moody’s rated Cambodia B2; obligations rated B2 are considered speculative and a high credit risk.
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    Thinking of Cambodia, while looking at Italian’s digitalization
    (12/1/2024) Riccardo, Corrado
    Following a study published by the Organisation for Economic Co-operation and Development (OECD), over half of the Small and Medium Enterprises (SMEs) increased the adoption of digital tools to support their business processes during the pandemic, and more than two-thirds of them expressed their belief that such changes are going to be permanent. Also, in accordance with a study by PwC, one of the well-known accounting firms named Big Four, more than half of the Chief Executive Officers (CEOs) in the Asia Pacific and 39% of the workers of the surveyed organizations expressed their belief that their company will not survive in the incoming decade unless they change their current way of doing things in terms of business processes and integration of digital technologies in them. McKinsey & Company, identified three main capabilities necessary for digital transformation during the pandemic: filling gaps for technology talent, using more advanced technologies, and increasing the speed in experimenting and innovating. It has been shown how the pandemic has accelerated by several years the digitalization of both customer interaction and rate of offerings (products and services) that are digital, with the change expected to continue and even accelerate with the evolution of technological advancement, mostly focused around areas such as generative artificial intelligence (AI), cybersecurity and data privacy, cloud-first applications, and environment, social, and governance (ESG).