scholarly journals Features of financial planning in modern business organizations

2016 ◽  
Author(s):  
O.S. Kraynova ◽  
E.A. Rusina
Keyword(s):  
Financial Planning ◽  
Business Organizations ◽  
Modern Business

Responding to Social Responsibilities and Ethics - A Study of Refractory Industry in Odisha

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Saikat Gochhait
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Ethical Issues ◽  
Business Organizations ◽  
Ethical Practices ◽  
Secondary Sources ◽  
Modern Business ◽  
Industrial Markets ◽  
Corporate Social ◽  
Profit Maximisation

Businesses work in a wide social environment in which they have a responsibility to a range of stakeholders including the community. The term Corporate Social Responsibility (CSR) refers to the responsibility that modern business organizations have to creating a healthy and prosperous society. Ethical practices in refractory marketing help marketers distinguish between right and wrong behavior. Adherence to ethics is essential in industrial markets as mutual trust among buyers and sellers is the key to long-term success. Marketing has evolved from a production-centric approach to a societal marketing approach that lays greater emphasis on the ethical issues in marketing. With the advent of globalization, corporations continue to evolve, grow in power, and influence the process of consolidation. Corporations are in positions of power that allow them to do greater damage to others when they act unethically or socially in an irresponsible manner. The rights theory encompasses a variety of ethical philosophies holding that certain human rights are fundamental and must be respected by other humans. The economic theories of the firm cannot be segregated of ethical considerations as they have crucial impact on how the firm concentrates on economic power, formulate the rules of law. Profit maximisation has always been the driving force and an undercurrent behind the development of corporate. But profit is not made in vacuum, it always has an associated cost, some of which is always externalized (Rhee, 2008). Corporate law has an ethical foundation and the debate on values necessarily revolves round the activities of the firm. This research paper on the basis of secondary sources of data collected from reports, research papers and Internet, focuses on corporate social responsibility (CSR) of TATA Group with reference to Tata Krosaki Refractories Ltd, Bajoria Group with reference to IFGL Refractories Ltd (Odisha), OCL Refractories Ltd, Sarvesh Refractories, and Manishree Refractories (Odisha). The study intends to understand the scope of corporate social responsibility and get an insight in CSR and ethical practices in the light of the case study of the refractory industries in Odisha.

Theory A, Theory B and Theory C of managing people at work

2021 ◽  
Vol 5 (1) ◽  
pp. 69-75
Author(s):  
Birendra Nath Singh
Keyword(s):  
Empirical Studies ◽  
Shop Floor ◽  
Scientific Management ◽  
Business Organization ◽  
Business Organizations ◽  
Research Gaps ◽  
Future Studies ◽  
Modern Business ◽  
And Control ◽  
The Impact

Managing people and productivity are prime concerns of modern business organizations. Many empirical studies were conducted during the era of scientific management (Taylor, 1911) to investigate What and How? McGregor’s (1960) epic theory — Theory X and Theory Y, categorizing all employees into two groups and prescribing methods to motivate and control them was the best. However, his findings also suffered strong criticisms, creating research gaps. The objective of this study was to investigate further and to conclude that there are three major groups named Theory A, Theory B, and Theory C. Amongst them, a middle group — Theory B is most dominant, having all capabilities to significantly influence productivity and prosperity of organizations. The methodology used was qualitative, based upon intensive and critical shop-floor observations. Since this study was not empirical, it had many limitations requiring further researches. Therefore, rightly recommended that future studies should correlate the impact of technological advancements upon motivations and productivity of the modern business organization (Veitch, 2018).

Do Managers Understand Importance of Securing IT Resources?

2015 ◽  
Vol 7 (1) ◽  
pp. 52-64
Author(s):  
Nadianatra Musa ◽  
Vishv Malhotra ◽  
Trevor Wilmshurst
Keyword(s):  
Information Infrastructure ◽  
Senior Management ◽  
Business Organization ◽  
Critical Component ◽  
Business Organizations ◽  
Direct Role ◽  
Information Infrastructures ◽  
It Resources ◽  
Modern Business ◽  
And Control

Information infrastructures and resources has become critical component of the modern business and non-business organizations. In turn this dependence makes these organizations vulnerable to any significant failure in their information infrastructures and resources. Literature is full of examples of the companies suffering major losses and even demise as a result of information infrastructure and resources failures. To mitigate this vulnerability the senior management and governance of the organizations needs to pay direct role and attention to protect their critical information infrastructures and resources. This paper provides some results of a study we conducted recently to determine how the senior management of Malaysian business organizations view and control the information infrastructure and resources in their organizations to mitigate vulnerabilities to this critical component of their business organization.

scholarly journals Managing substitutive and complementary technologies in cultural institutions

2020 ◽  
Vol 25 ◽  
pp. 1-10
Author(s):  
Artur Modlinski ◽  
Luis Moreira Pinto
Keyword(s):  
Work Performance ◽  
New Technologies ◽  
Business Environment ◽  
Cultural Institutions ◽  
Business Organizations ◽  
Technological Environment ◽  
The Matrix ◽  
Modern Business ◽  
Control Work ◽  
Opera Houses

Digitalization and artificial intelligence are changing modern business organizations. New technologies help to analyze business environment, track customers, control work performance and improve prod-ucts. The aforementioned phenomenon has received considerably little attention in current literature on culture management. Our goal is to find (1) what types of technologies are used by cultural institutions (CIs) and (2) for what reason. The hypothesis of the article is that CIs use various technologies and tools. Websites, leaflets and audiovisual materials of 139 CIs around the world (theaters, art galleries, opera houses, museums) were analyzed. It was found that CIs use both complementary (CT) as well as substitutive technologies (ST) for managerial and mission-oriented purposes. In our article, the matrix of technologies used by CIs is proposed. Our findings suggest that CIs adapt to changing technological environment by implementing tools that support them in the mission’s fulfillment and management. Moreover, new technologies are used by CIs as both employees’ reinforcement as well as their replace-ment.

scholarly journals The intelligence worker as a knowledge activist – an alternative view on intelligence by the use of Burke’s pentad

2013 ◽  
Vol 3 (1) ◽  
Author(s):  
Magnus Hoppe
Keyword(s):  
Decision Making ◽  
Knowledge Creation ◽  
Multinational Companies ◽  
Reference Points ◽  
Alternative View ◽  
Business Organizations ◽  
Structured Interviews ◽  
Knowledge Processes ◽  
Alternative Perspective ◽  
Modern Business

As society and business is becoming more complex, the creation and management of knowledge attracts more attention. For intelligence research it offers an alternative perspective on the art and science of intelligence that challenges a previous dominance of strategy and decision-making theories. The article is based on semi-structured interviews with intelligence personnel in four different multinational companies. Through the use of Burke’s pentad this article gives an account of important challenges encountered by intelligence personnel in modern business organizations due to an increasing dependence on different knowledge processes. These challenges are summarized in four central tasks for knowledge activists; that is to initiate and focus knowledge creation, to reduce the time and cost needed for knowledge creation, to leverage knowledge creation initiatives throughout the corporation and to guide knowledge creation by the instigation of complementary reference points. By engaging in these types of activities intelligence workers are able to stage and influence different sorts of analytical conversations, where the insights from these conversations as reformed knowledge govern an evolving strategy in dispersed circumstances. Thus, intelligence workers fulfil their purpose, which in this perspective can be viewed as creating better business in whatever process they engage in.

scholarly journals Descriptive Approach Towards Managing True E-governments

2019 ◽  
Vol 1 (1) ◽  
pp. 1-20
Author(s):  
Khubaib Ahmed Qureshi ◽  
Syed Jamal Hussain
Keyword(s):  
Research Work ◽  
Electronic Data Interchange ◽  
Difficult Problem ◽  
Virtual Organizations ◽  
Practical Implementation ◽  
Business Partnerships ◽  
Business Organizations ◽  
Integration Framework ◽  
Modern Business ◽  
The Government

The role of true e-Government is becoming vital and gaining much attention as modern businesses need adaptive, dynamic and strategic business partnerships in the form of Virtual Organizations and e-Enterprises to survive in the turbulent and global competitive environment. Therefore, managing today's dynamic, collaborative and networked nature of government environment is quite challenging. Real e-Government solution is expected to use, flexible and reusable technology to support valuable citizens and modern business expectations to access necessary government services and information. Here comes the requirement for more efficient ways of integrating their systems together under appropriate e-Government solution. It enables citizens and business organizations to interact with government on nearly all matters, 24/7, without knowing which part of the government is providing the required service. In fact, much research work is being done in e-Business Integration but e-Government Integration is comparatively ignored. As a matter of fact, practical implementation of 'seamless' government across jurisdiction is the most challenging aspect of the future of eGovernment which is the subject of our research. In this research, we first formalize the basis/requirements of such e-Government Integration framework as standard and then analyze all candidate software solutions which could help us in development of better and appropriate integrated solution of e-Government, and finally develop the required e-Government Integration framework that adheres to the requirements. Fulfilling our requirement, major approaches like SOA and EDA, transformation of supporting technologies starting from Electronic Data Interchange to WS's and integration at processes level through XML are primarily examined with the intent to give easy to use, reusable, flexible, scalable and adaptable e-Government Integration solution. Our proposed solution encompasses the most difficult problem of efficiently connecting varied inter eGovernments and intra e-Government activities with citizens and modern business configurations like: Virtual Organizations (VO), e-Enterprises, etc. allowing the governments to respond efficiently

scholarly journals Karakteristik Dan Psikologi Konsumen Terhadap Keputusan Pembelian Kembali Produk Melalui E-Commerce

2019 ◽  
Vol 16 (1) ◽  
Author(s):  
Achmad Choiri Alfan
Keyword(s):  
Electronic Commerce ◽  
Quantitative Method ◽  
Sampling Technique ◽  
Consumer Psychology ◽  
Business Development ◽  
The Internet ◽  
Business Organizations ◽  
Purchasing Decisions ◽  
Modern Business ◽  
Use Of The Internet

ABSTRACTThe use of the internet as a means to obtain information can also be used as a business activity or commonly known as Electronic Commerce (e-commerce). E-Commerce is mostly done for sales and service products directly from business organizations with consumers. The use of e-commerce is a necessity of modern business organizations that are used for business development. The combination of characteristics and consumer psychology can encourage consumers to make purchasing decisions. The method used in this study is a quantitative method. The sampling technique in this study used accidental sampling technique. The results of this study are consumer characteristics and consumer psychology simultaneously have a significant effect on repurchase decisions. Whereas the characteristics of consumers and consumer psychology have no partial effect on repurchase decisions using e-commerce. Keywords : E-commerce, consumer characteristics, consumer psychology, purchasing decisionsCorrespondence : [email protected] ABSTRAK  Penggunaan internet sebagai sarana untuk mendaptkan informasi juga dapat digunakan sebagai aktivitas bisnis atau yang biasa dikenal dengan Electronic Commerce (e-commerce). E-Commerce banyak dilakukan untuk penjualan dan pelayanan produk secara langsung dari organisasi bisnis dengan konsumen. Penggunaan e-commerce merupakan kebutuhan dari organisasi bisnis modern yang digunakan untuk pengembangan usaha. Perpaduan antara karakteristik dan psikologi konsumen dapat mendorong konsumen dalam melakukan keputusan pembelian. Metode yang digunakan dalam penelitian ini adalah metode kuantitatif. Teknik pengambilan sampel pada penelitian ini menggunakan teknik accidental sampling. Hasil dari penelitian ini adalah karakteristik konsumen dan psikologi konsumen berpengaruh signifikan secara simultan terhadap keputusan pembelian kembali. Sedangkan karateristik konsumen dan psikologi konsumen tidak berpengaruh secara parsial terhadap keputusan pembelian kembali menggunakan e-commerce. Kata kunci : E-commerce, karateristik konsumen, psikologi konsumen, keputusan pembelianKorespondensi : [email protected]

The failure of business ethics

2016 ◽  
Vol 11 (1) ◽  
pp. 93-104 ◽  
Author(s):  
Zsolt Boda ◽  
Laszlo Zsolnai
Keyword(s):  
Business Ethics ◽  
Unethical Behavior ◽  
Social Institutions ◽  
Business Organizations ◽  
Business World ◽  
Content Type ◽  
Management Ethics ◽  
The Social ◽  
Modern Business ◽  
Underlying Causes

Purpose – This paper aims to investigate the systemic causes of the failure of business ethics (BE) and suggest some possible remedies. The discipline and the movement of BE has at least three decades of history. BE has developed concepts and theories, and provided empirical evidences. However, BE as a movement and as a practice has failed to deliver the expected results. Design/methodology/approach – The paper uses results from management ethics, moral psychology and corporate governance to analyze the underlying causes of corporate unethical behavior. Findings – The failure of BE is deeply rooted in today’s corporation-ruled business world. BE has failed to realize systemic features of modern business and therefore missed its target. The social, ethical and environmental problems caused by corporations may require a different kind of treatment based on law, politics and social institutions. Originality/value – The paper uses models outside ethics to help business organizations to become more ethical in their functioning.

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