scholarly journals Challenges the finance profession has been facing following the 2008-2009. A multi-country research

2012 ◽  
pp. 2-11
Author(s):  
András Dankó ◽  
Károly Barakonyi
Keyword(s):  
Financial Institutions ◽  
Business Strategy ◽  
Business Performance ◽  
Sustainable Growth ◽  
Job Descriptions ◽  
The United Kingdom ◽  
Close Cooperation ◽  
Finance Function ◽  
Excessive Risk Taking

In the successful strategic management of the modern companies each function plays their specific role. While today’s businesses in many ways are different from their ancestors, the key fundamentals are derived from the same roots. Their main purpose of existence is to serve the needs of their shareholders and stakeholders by creating value (Pike et al., 1993). To achieve this effectively and efficiently the various functions need to work in close cooperation with each other. The global crisis, starting in 2008, proved that volatility is higher for the financial markets and the ordinary businesses that have been anticipated before. As the recession started as a financial crisis many people started to blame – amongst others – banks and financial institutions for excessive risk taking and taking short profits ahead of long term sustainable growth. Accordingly the lost confidence in the financial institutions has taken a toll on the reputation of other Finance professionals such as accountants, book keepers, treasury, tax people and others. The finance function’s strategic importance is linked to its ability to help interpreting the business performance and provide transparency. In order to restore the trust the finance profession is now facing one of the biggest challenges of its history, the need to reinvent itself. This paper presents the findings of a recent international research conducted in the United Kingdom, France, Hungary and Poland interviewing 169 executives of the business sector plus the review of 237 job descriptions of finance professionals in order to understand the challenges of the modern finance function. The findings of the study could provide relevant answers and help to overcome a very current problem that Finance is facing today, how to rebuild reputation and to stay a trusted partner and enabler for long term business strategy.

A Relieved Norges Bank

2020 ◽  
pp. 46-62
Author(s):  
Einar Lie
Keyword(s):  
Financial Institutions ◽  
Government Officials ◽  
Mortgage Loans ◽  
Private Banks ◽  
Government Lending ◽  
Close Cooperation ◽  
New Institutions ◽  
Lending Institutions ◽  
Deep Crisis

This chapter assesses the emergence of financial institutions that would cater to individuals and businesses, which relieved Norges Bank of some of its tasks such as providing short-term business credit and long-term mortgage loans. Both private banks and government lending institutions were established within a framework of close cooperation between government officials and private operators. At the same time as new institutions were born, the dividing lines between Norges Bank and the government’s role in financial markets became more clear. The chapter then looks at developments up to 1857, a year that was dominated by a deep crisis in Western economies. Norges Bank had established broad contact directly with international finance houses and was better equipped structurally and intellectually to cope with external crises that spilled over into the Norwegian economy.

Corporate Business Strategy and its Challenges

2016 ◽  
Vol 2 (3) ◽  
pp. 34-38
Author(s):  
Ved Prakash Bansal
Keyword(s):  
Business Strategy ◽  
Business Performance ◽  
Dynamic Capabilities ◽  
State Of The Art ◽  
Business Environment ◽  
Global Competition ◽  
Company Strategy ◽  
The Right ◽  
Corporate Business

Business environment and strategy faces continuous completion and impacts the business sustainability in a long-term. In a view, the business must realize the dynamic capabilities and must apply the right company strategy to survive in the global competition and achieving the desired targets. Many philosophers consider ethics to be the `science of conduct'. Philosophers have been discussing ethics for ages now, since the time of Socrates and Plato. Many ethicists consider emerging ethical beliefs to be "state of the art" legal matters, i.e., what becomes an ethical guideline today is often translated to a law, regulation or rule tomorrow. Values which guide how we ought to behave are considered as moral values, e.g., values such as respect, honesty, fairness and responsibility. The paper examines the concepts of strategy and business ethics undertaken  to improve the overall business performance.

ANALISA PERBANDINGAN DALAM RANGKA PEMILIHAN BEBERAPA IP UPSTREAM PROVIDER DI PT. INDOSAT

2018 ◽  
Vol 4 (1) ◽  
pp. 57
Author(s):  
Yuli Anwar ◽  
Dahlar .
Keyword(s):  
Business Strategy ◽  
High Speed ◽  
Human Life ◽  
Sustainable Growth ◽  
The Internet ◽  
Network Service Provider ◽  
High Speed Data ◽  
Telecommunications Services ◽  
The Cost ◽  
Internet Network

Abstract. One of the advances in information technology that now has changed the outlook and human life, business process and business strategy of an institution is the internet. The internet is a very large networks that connected to computers and serves throughout the world in one centralized network. With the internet we can access data and information anytime and anywhere.    As one provider of high-speed data communications services and the pioneer of the internet network service provider in Indonesia that provides integrated services, as well as one of the pioneer development of internet services that provide extensive services in the building and apply it throughout Indonesia. Indosat ready to seize opportunities for sustainable growth of business spectrum are still sprawling Indonesia.    Therefore, Indosat continues to focus on the development of increased efforts to provide the best service for customers of Indosat. Indosat will continue to develop and expand network coverage and a larger investment that the company will achieve excellence in the field of integrated telecommunications services.    Ranking by region of the IP Providers can be seen by grouping IP Providers, and management over IP Providers prefer to choose providers based on where it orginates as an example for the region of the U.S if it will be preferred providers that come from U.S. providers.With the commencement of the internet network optimization start early in 2008 with the selection of the appropriate IP Upstream Provider criteria, it is up to date according to data obtained from Indosat, seen any significant changes to the cost of purchasing capacity of the IP Upstream.    Based on the data obtained that until Q3 or September 2008, the number of IP Upstream Providers that previously there were 20 to 10 IP Upstream Provider, IP Transit Price total decrease of 11% to the price of IP Transit Price / Mbps there is a decrease of 78%, while from the capacity bandwith an increase of 301% capacity from 2008.

Demographic gaps between Syrian and the European populations: What do they suggest?

2017 ◽  
Vol 7 (2) ◽  
pp. 207-230 ◽  
Author(s):  
Mustafa Murat Yucesahin ◽  
Ibrahim Sirkeci
Keyword(s):  
Transition Theory ◽  
World Population ◽  
Demographic Analysis ◽  
Demographic Differences ◽  
Syrian Crisis ◽  
The United Kingdom ◽  
Syrian Population ◽  
Displaced People ◽  
Near Future

Syrian crisis resulted in at least 6.1 million externally displaced people 983,876 of whom are in Europe while the rest are in neighbouring countries in the region. Turkey, due to its geographical proximity and substantial land borders with the country, has been the most popular destination for those fleeing Syria since April 2011. Especially after 2012, a sharp increase in the number of Syrian refugees arriving in Turkey was witnessed. This has triggered an exponential growth in academic and public interest in Syrian population. Numerous reports mostly based on non-representative sample surveys have been disseminated whilst authoritative robust analyses remained absent. This study aims to fill this gap by offering a comprehensive demographic analysis of the Syrian population. We focus on the demographic differences (from 1950s to 2015) and demographic trends (from 2015 to 2100) in medium to long term, based on data from World Population Prospects (WPP). We offer a comparative picture to underline potential changes and convergences between populations in Syria, Turkey, Germany, and the United Kingdom. We frame our discussion here with reference to the demographic transition theory to help understanding the implications for movers and non-movers in receiving countries in the near future.

Halal Logistics Practices: Logistics Service Provider Cases in Indonesia

2021 ◽  
Vol 9 (1) ◽  
Author(s):  
Faridatus Saidah ◽  
Yuliani Dwi Lestari
Keyword(s):  
Service Provider ◽  
Business Strategy ◽  
Business Performance ◽  
Business Management ◽  
Structured Interview ◽  
Internal Factors ◽  
Logistics Service ◽  
Logistics Service Provider ◽  
Logistic Service ◽  
Market Driven

This study examines critical factors in affecting halal business management, particularly challenges in Halal logistics implementation faced by the logistics service provider as well as its potential and opportunities for Halal based business in Indonesia. An In-depth, semi-structured interview is conducted to deepen the understanding and to provide detailed data of the study. The study found that there are several factors influencing halal logistics implementation. In terms of business strategy, there are external and internal factors that affect halal logistics practices. Such as market-driven, perception benefit of halal logistic certification followed by customer loyalty, challenges in implementing halal logistics, the complexity of operation halal logistics, and invariably regulation factors. All of those factors have become a prior factor in implementing halal logistics practices. The findings can provide a guideline in how to implement halal logistics practices in logistic service provider business, especially in transportation and warehousing process, along with the expected result for its business performance.

Perencanaan Strategi TIK Proses Belajar Mengajar di Learning Center

2017 ◽  
Vol 8 (1) ◽  
pp. 22-28
Author(s):  
Sunardi Sunardi ◽  
Dina Fitria Murad
Keyword(s):  
Process Improvement ◽  
Business Strategy ◽  
Educational Institution ◽  
Learning Center ◽  
Language Training ◽  
Short Term ◽  
Participant Satisfaction ◽  
Strategy Planning ◽  
The Moment

BINUS Center is the informal educational institution that organizes IT and language training. Inrecent years the revenue BINUS Center continues to decrease, it is evident from the outlet  BINUS Center decreased from year to year. The purpose of making this research is to make strategy planning Business & ICT, create new models of learning supported by ICT strategy,test and measure the results obtained, and then made some strategic ideas at the moment and will come in the form of short-term priorities, medium and long term. The result is a cost that can be in the efficiency, a more flexible, first-class runs with a minimal number of participants, participant satisfaction, and competitive advantage.  Keywords: business strategy, ICT strategy, business process improvement, priority.

Financial Sustainability and Infrastructure Finance

2018 ◽  
Author(s):  
Felipe Carvalho de Rezende
Keyword(s):  
Financial Institutions ◽  
Financial Stability ◽  
Global Financial Crisis ◽  
Financial Sustainability ◽  
Infrastructure Finance ◽  
Strategic Role ◽  
Development Banks ◽  
The Global Financial Crisis ◽  
Capital Development

Among the lessons that can be drawn from the global financial crisis is that private financial institutions have failed to promote the capital development of the affected economies, and to dampen financial fragility. This chapter analyses the macroeconomic role that development banks can play in this context, not only providing long-term funding necessary to promote economic development, but also fostering financial stability. The chapter discusses, in particular, the need for public financial institutions to provide support for infrastructure and sustainable development projects. It concludes that development banks play a strategic role by funding infrastructure projects in particular, and outlines the lessons for enhancing their role as catalysts for mitigating risks associated with such projects.

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