Journal of Production, Operations Management and Economics(JPOME) ISSN 2799-1008 <p>The International<strong> Journal of Production, Operations Management and Economics(JPOME)</strong> having <strong>ISSN 2799-1008</strong> is a double-blind, peer-reviewed, open access journal that provides publication of articles in all areas of Production, Operations Management and Economics and related disciplines. The objective of this journal is to provide a veritable platform for scientists and researchers all over the world to promote, share, and discuss a variety of innovative ideas and developments in all aspects of <strong>Production, Operations Management and Economics.</strong></p> HM Journals en-US Journal of Production, Operations Management and Economics(JPOME) ISSN 2799-1008 2799-1008 Impact of Digitization on Human Resources: Challenges and Opportunities <p>As businesses undergo rapid digital transformation, the integration of advanced technologies and digitization has become a prominent driver of organizational success. The adoption of digital tools and platforms has significantly influenced the field of human resources (HR). This study delves into the impact of digitization on HR practices, highlighting the challenges and opportunities faced by HR professionals in the digital age. The study investigates how digitization has streamlined HR processes, such as talent acquisition, performance management, learning and development and employee engagement. It explores the various technological solutions utilized by HR departments, including artificial intelligence, machine learning, data analytics, and cloud-based HR management systems. Additionally, the study analyzes the implications of digitization for the workforce, examining the evolving roles and skill sets demanded of HR professionals in managing digital tools and handling data-driven decision-making. Furthermore, the study investigates the challenges HR departments encounter in their journey towards digitization. These challenges encompass concerns about data privacy, security, and ethical use of employee data, as well as resistance to change from employees and traditional HR practitioners. Additionally, the present research explores potential biases embedded in algorithms and automated HR processes, raising critical questions about fairness and inclusivity in a digitalized HR environment. The study also sheds light on the opportunities digitization presents for HR departments to become strategic partners in shaping organizational growth and performance. By leveraging data-driven insights, HR professionals can enhance workforce productivity, identify skill gaps, and predict future talent needs. Moreover, digital HR tools enable personalized employee experiences, fostering greater job satisfaction and retention. This present study concludes with recommendations for HR leaders and organizations to effectively embrace digitization while navigating the challenges.</p> Mr. Shahzad Ahmad Bhat Dr. Bilal Ahmad Sheikh Copyright (c) 2024 Authors 2024-02-01 2024-02-01 4 02 1 7 10.55529/jpome.42.1.7 The Impact of Privatization of the Power Sector on the Economy in Nigeria 2013-2022 <p>This study explores the impact of Privatization of the Power Sector on the Economy in Nigeria and proposes strategies to enhance efficiency and sustainability. The findings, based on data collected through a semi-structured interviews from various stakeholders, reveal diverse perspectives on the performance of privatization reforms. While some stakeholders acknowledge improvements in electricity supply, others highlight the loss of benefits. Challenges faced by the power sector after privatization include insecurity, vandalization of equipment, imbalance in load distribution, outdated infrastructure, and unreliable service delivery. The evaluation of privatization on electricity tariffs and the economy shows mixed views, with some stakeholders expressing dissatisfaction and others noting positive impacts on business performance. Strategies for improvement include government intervention, improved infrastructure, customer engagement, fair distribution of prepaid meters, anti-corruption measures, training and expertise. Implementing these recommendations can enhance the efficiency and sustainability of the power sector, supporting economic growth and development in Nigeria. The study emphasizes the crucial role of the power sector in the economy and highlights the need for collaboration among stakeholders for a robust and reliable power supply system.</p> Okeke MaryPrecious Chiamaka Mateo Rojas Samper Copyright (c) 2024 Authors 2024-02-01 2024-02-01 4 02 8 17 10.55529/jpome.42.8.17 Export-Led Growth in Bangladesh: A Functional Impact Analysis of Export Performance and its Contribution <p>Bangladesh has a significant opportunity to boost economic development by increasing its contributions to international trade. Therefore, this study is aimed at presenting the trends of exporting in the early stages of economic development. Bangladesh's foreign trade trends from 2015 to 2019 revealed a positive growth trajectory despite a slight dip in goods imports. The anticipated decline in foreign trade performance in 2020 is reflective of the global challenges faced during the COVID-19 pandemic. Moreover, the rate of receiving foreign exchange from the integrated foreign export of shrimp, leather, shoes, and pharmaceutical products is constantly increasing. The main exports, encompassing products like clothing, raw jute, leather, fish, and frozen seafood, play a vital role in driving the country's export dynamics. The country has achieved remarkable success in export expansion because of the RMG industry. It was found that total exports of goods rose to 37.94 billion U.S. dollars in 2019. However, the subsequent recovery in 2021 is evident, with notable growth in both imports and exports. Despite a persistently negative trade balance, the resilience showcased by Bangladesh in the face of challenges underscores its ability to rebound and adapt to changing circumstances.</p> Sarker Tanvir Ahmed Copyright (c) 2024 Authors 2024-02-01 2024-02-01 4 02 18 27 10.55529/jpome.42.18.27 Impact of FDI on Economic Growth of SAARC Nation <p>Foreign Direct Investment (FDI) plays a vital role in economic growth of the countries. The purpose of the study is to find out the impact of FDI and Labor force participation on Economic Growth.. The present study analyses the impact of the FDI on economic growth of South Asian Association of Regional Cooperation countries by using the panel data for the period (2013-2022) extracted from World bank indicators. The log of GDP(Current US$) is selected as Dependent variable while Log of FDI, Labor Force Participation are chosen as Independent variable and Government expenditure on Education is chosen as control variable. Fixed Effect Model has been used to investigate the impact of FDI, Labor force on economic growth. It is evident from the study that LFP has positive impact and significant relationship with economic growth.</p> Abhishek Chandra Shrestha Copyright (c) 2024 Authors 2024-02-01 2024-02-01 4 02 28 38 10.55529/jpome.42.28.38 A Study on Micro, Small & Medium Enterprises in Tamil Nadu: Growth, Contribution and Problems with Special Reference to Chennai and Thiruvallur Districts <p>Micro, Small &amp; Medium Enterprises (MSME) development has been one of the main planks of India’s financial development approach considering the fact that independence. In most of the developed nations, the function played by MSME is enormous. Many Nations, each evolved and growing countries projected that the small enterprise quarter is carrier ache for the boom and for advent of new employment opportunities broadly in a short duration. Employment is the exceptional way to lessen poverty within the united states traditional characteristic and vintage strategies is out dated. The final results isn't enough to satisfy the primary elements of the people, as it add advantageous outcomes to the India’s gross home products. MSME performs a prime function in Indian monetary shape. Its improvement is plenty higher than different growing international locations with the development of small business sector. It has coined many polices geared toward the development of the industries in public and private domain, specially in MSME. MSME plays a pivotal function in deliberate development in India all through the past 10 years with its benefits of low investment, the immoderate potential for employment generations, type of the industrial base, and scattering industries to rural or semi-urban areas. It has slowed to the general development inside the finances of GDP, employment generation, and specialists. The execution of the MSME zone has an immediate effect on the improvement of the normal economy.</p> Dr. G. Anandhi Copyright (c) 2024 Authors 2024-02-08 2024-02-08 4 02 39 43 10.55529/jpome.42.39.43