scholarly journals Observing Ethical Principles In Business: A Competitive Advantage?

2011 ◽  
Vol 2 (12) ◽  
Author(s):  
Jana Markesova ◽  
Mirko Dohnal ◽  
Anna Putnova
Keyword(s):  
Business Ethics ◽  
Competitive Advantage ◽  
Statistical Methods ◽  
Ethical Principles ◽  
Long Run ◽  
Successful Business

There is an unwritten assumption that success and business ethics are closely interrelated, and that it is not possible, in a successful business, to disregard moral and ethical principles on the long run. Unfortunately, it is extremely difficult to verify such an assumption.Knowledge of ethics and its relations with economics are vague, inconsistent, partially subjective and sparse. That is why it cannot be studied using traditional mathematical and statistical methods.

scholarly journals The Benefits of Business Ethics - Ethical Behavior of Decision Makers: the Empirical Findings from Croatia

2017 ◽  
Vol 8 (4-1) ◽  
pp. 9-14
Author(s):  
Ivana Bulog ◽  
Ivan Grančić
Keyword(s):  
Qualitative Research ◽  
Business Ethics ◽  
Competitive Advantage ◽  
Ethical Behavior ◽  
Ethical Issues ◽  
Daily Basis ◽  
Decision Makers ◽  
Future Research ◽  
Corporate Scandals ◽  
Successful Business

Abstract More than ever before, the ability of managers to recognize and deal with complex business ethical issues has become a significant priority. Ethical behavior has always been a concern for managers because they are the ones that have major responsibility in company when it is about business ethics. Managers’ work is manly the work of making decisions. On a daily basis they are making decisions - big and small ones - on which company future depends. Interest in business ethics and ethical behavior is on the rise, especially in recent years when widespread moral corporate scandals have brought this topic to the fore. Therefore, the organizational environment demands effective managers - decision makers -with the ability to behave ethically and the ability to make right choices. There is no doubt that the ethical behavior of decision makers is of strategic importance for successful business. It could be acknowledged that among the numerous different factors that can determine a company’s progress, the key elements that contribute to a more successful achievement of company competitive advantage is the ethical behavior of managers. This paper aims at analyzing the benefits of business ethics and at identifying the ethical behavior of managers in a big company in Croatia. Qualitative research was conducted and interesting and somewhat puzzling results were found. Based on the overall findings, this research offers the foundation for future research in this area. The implications of the findings are discussed in terms of value for managers and their companies due to the improvement and development of business ethics and their ethical behavior.

scholarly journals Analysis of the attitudes of students of management on the role of business ethics in business enterprise during the Covid-19 pandemic

2021 ◽  
Vol 1 (1) ◽  
pp. 77-105
Author(s):  
Violeta Jovanović
Keyword(s):  
Business Ethics ◽  
Ethical Decision Making ◽  
Business Environment ◽  
Negative Consequences ◽  
Social Community ◽  
Business Operations ◽  
Long Run ◽  
The Social ◽  
Successful Business ◽  
Organization Ethics

Business ethics has become an indispensable part of business practice, and in the long run, a prerequisite for successful business. Unethical business can damage the reputation of the organization, which can be the cause of many negative consequences for the organization. Ethics as a key element of successful business should enable the provision of true information, as well as a correct and honest attitude of the organization towards stakeholders, the social community and the environment in which it operates. Achieving these goals was a challenge for a large number of organizations in the business environment before the COVID-19 pandemic, and it is especially increased during this pandemic. Leadership has the most important role in creating the ethical culture of the organization. Because of that, it is very important for future managers to develop awareness of the importance of business ethics for the organization's business, as well as awareness of ethical decision-making in conditions of risk and major crises, as is the case with the pandemic. The paper analyzes the attitudes of students of management, as future managers, about business ethics in the organization's business operations during the COVID-19 pandemic. The research results showed that students are aware of the importance of business ethics, but not equally of all segments that it covers.

scholarly journals Incumbent Stakeholder Management Performance and New Entry

2020 ◽  
Author(s):  
André Laplume ◽  
Kent Walker ◽  
Zhou Zhang ◽  
Xin Yu
Keyword(s):  
Business Ethics ◽  
Competitive Advantage ◽  
Stakeholder Theory ◽  
Stakeholder Management ◽  
Stakeholder Group ◽  
Curvilinear Relationship ◽  
Management Performance ◽  
Entrepreneurial Entry ◽  
Very High ◽  
New Entry

Abstract Instrumental stakeholder theory seeks to explain how managing stakeholders effectively can yield competitive advantage for incumbent firms. We extend instrumental stakeholder theory to explain and predict future competition operationalized as new entrepreneurial entries. Our study is among the first to empirically examine the relationships between aggregate stakeholder management performance and the entrepreneurial entries of individuals. Using a combined U.S. dataset from 2003 to 2013 from the Kinder, Lydenberg and Domini (KLD) Index, Compustat, and Kauffman’s Entrepreneurship Survey, we find support for three hypotheses. First, higher levels of stakeholder management performance are related to lower rates of entrepreneurial entry. Second, a curvilinear relationship exists between stakeholder management performance and entrepreneurial entry, where both low and very high stakeholder management performance increase entrepreneurial entry. Third, the greater the variance in stakeholder management performance across stakeholders, the more entrepreneurial entry. Our findings suggest that managing for stakeholders can help to avoid future competition. We add an entrepreneurship lens to the business ethics of stakeholder theory showing how incumbent stakeholder management performance shapes opportunities for entrepreneurs, a largely neglected stakeholder group.

Best-value supply chains and firms’ competitive performance: empirical studies of their linkage

2015 ◽  
Vol 35 (12) ◽  
pp. 1688-1709 ◽  
Author(s):  
Xun Li ◽  
Qun Wu ◽  
Clyde W. Holsapple
Keyword(s):  
Supply Chains ◽  
Competitive Advantage ◽  
Empirical Studies ◽  
Abnormal Returns ◽  
Competitive Performance ◽  
Content Type ◽  
Long Run ◽  
Best Value ◽  
Multiple Method ◽  
The Impact

Purpose – Best-value supply chains characterized by agility, adaptability, and alignment, have become a crucial strategic means for firms to create and sustain competitive advantage in today’s turbulent environment. The purpose of this paper is to investigate linkage between best-value supply chains and firms’ competitive performance. Design/methodology/approach – In Study 1, survey data from 76 firms is used to test the impact of the three qualities of best-value supply chains on firms’ competitive performance. In Study 2, to test if a firm’s competitive advantage can be sustained through building best-value supply chains, a long-run performance analysis is conducted, which is based on a stock portfolio of firms identified from the American Marketing Association’s annual list of “Supply Chain Top 25.” Findings – The results of Study 1 indicate that the three qualities of best-value supply chains are positively related to firms’ competitive performance. The results of Study 2 show that firms having best-value supply chains generate significant and positive abnormal returns for shareholders over time. Originality/value – This is a multiple-method research, providing two-level empirical evidence to the investigation of theoretical linkage between best-value supply chains and firms’ competitive performance.

Business Ethics as a Tool for Competitive Advantage in the Banking Industry in Nigeria

2013 ◽  
Vol 35 (1) ◽  
pp. 23-32 ◽  
Author(s):  
Ann I. Ogbo ◽  
Itanyi Okechukwu ◽  
Wilfred I. Ukpere
Keyword(s):  
Business Ethics ◽  
Competitive Advantage ◽  
Banking Industry

scholarly journals THE RELATIONSHIP BETWEEN CUSTOMER SATISFACTION AND INTERNAL SERVICE QUALITY FROM AN INTERNAL MARKETING PERSPECTIVE AND AN APPLICATION IN THE BANKING SECTOR

2016 ◽  
Vol 4 (2) ◽  
pp. 159-178
Author(s):  
Özlen Onurlu ◽  
Suna Karataş
Keyword(s):  
Customer Satisfaction ◽  
Competitive Advantage ◽  
Employee Satisfaction ◽  
Banking Sector ◽  
Internal Marketing ◽  
Competitive Environment ◽  
Long Run ◽  
Marketing Activities ◽  
The Relationship

In a highly competitive environment, the meeting of customer demands and expectations in an effective way is highly crucial for companies that want to have a competitive advantage and to keep on existing in the long run. The main objective of companies is making profit in a sustainable way and this is possible by assuring customer satisfaction. The quality of the services that companies offer their customers is closely related with the performance of the employees. This has made it necessary that marketing activities for employee satisfaction be developed prior to customer satisfaction. Feeling more motivated, workers start working more eagerly as a result of these marketing activities which are called internal marketing. So, companies make their profitability sustainable by means of keeping their customers satisfied and loyal. The aim of this paper is to investigate the relationship between internal marketing activities applied to employees and employee motivations.

scholarly journals NILAI ETIKA BISNIS DALAM PEMBELAJARAN IPS

Jurnal Socius ◽  
2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Gusti Noor Fanani
Keyword(s):  
Social Studies ◽  
Business Ethics ◽  
Ethnic Groups ◽  
Learning Resources ◽  
Economic Ethics ◽  
Business People ◽  
The People ◽  
Long Time ◽  
Successful Business ◽  
Definition Of

AbstractIn the people of South Kalimantan, there are sub-ethnic groups who are well-known as successful business people / entrepreneurs and can maintain their business in a relatively long time, namely Alabio. historically, Alabio have become traders/businessmen who are undoubtedly their trade characteristics. His success in commerce even began when there was a belief in "mysticism", namely since the days of the state of Daha and Dipa were founded. The results of research on business ethics values used by Alabio for social studies showed that the business ethics values of Alabio for social studies learning were not fully utilized by social studies teachers, to facilitate teachers in compiling learning resources based on the Competency Standards of Business Ethics / Economic Ethics, namely Business ethics values used by Alabio can be used in social studies material in class VII, namely on the material of economic ethics in utilizing the factors of production in the life of business, the definition of business, company and business entity, and considerations that need to be considered in doing business.Key Word:  Business Ethics, Alabio People, Social Studies Learning AbstractMasyarakat Kalimantan Selatan, ada kelompok sub-etnis yang dikenal sebagai pengusaha sukses dan dapat mempertahankan bisnis mereka dalam waktu yang relatif lama, yaitu Alabio. Secara historis, Alabio telah menjadi pedagang/pengusaha yang tidak diragukan lagi adalah karakteristik perdagangan mereka. Keberhasilannya dalam perdagangan bahkan dimulai ketika ada keyakinan dalam "mistisisme", yaitu sejak zaman negara bagian Daha dan Dipa didirikan. Hasil penelitian tentang nilai etika bisnis yang digunakan oleh Alabio untuk studi sosial menunjukkan bahwa nilai etika bisnis Alabio untuk pembelajaran IPS tidak sepenuhnya dimanfaatkan oleh guru IPS, untuk memfasilitasi guru dalam menyusun sumber belajar berdasarkan Standar Kompetensi Etika Bisnis. Etika Ekonomi, yaitu nilai etika bisnis yang digunakan oleh Alabio dapat digunakan dalam bahan studi sosial di kelas VII, yaitu pada materi etika ekonomi dalam memanfaatkan faktor-faktor produksi dalam kehidupan suatu perusahaan dan entitas bisnis, dan pertimbangan yang perlu dipertimbangkan dalam melakukan bisnis.Kata Kunci: Etika Bisnis, Masyarakat Alabio, Pembelajaran IPS

scholarly journals OPEN INNOVATION ORIENTATION AND SUSTAINABILITY OF SMES: DO ENTREPRENEURIAL ORIENTATION AND RESOURCE BRICOLAGE MATTER?

2021 ◽  
Vol 11 (4) ◽  
pp. 127-146
Author(s):  
Kumudu Jayawardhana
Keyword(s):  
Competitive Advantage ◽  
Knowledge Base ◽  
Significant Role ◽  
Entrepreneurial Orientation ◽  
Open Innovation ◽  
Research Question ◽  
Whole Process ◽  
Long Run ◽  
Medium Enterprise ◽  
Resource Bricolage

The burgeoning literature postulates that a firm’s degree of openness for external parties in building its knowledge base undoubtedly enables it gaining competitive advantage though a little attention has been devoted to investigating the phenomena from small and medium enterprise (SME) perspective. Accordingly, this study investigates how open innovation orientation leads nurturing greater innovation and acquiring greater sustainable goals and specifically, how entrepreneurial orientation and resource bricolage facilitate the whole process. Drawing upon a sample of 442 SMEs, the study followed a quantitative approach to investigate the focal research question. The results reveal that open innovation orientation of SMEs significantly influences on nurturing greater innovation and attaining sustainable goals in long-run while the entrepreneurial orientation drives the whole process. The study also finds that the resource bricolage plays a significant role in converting SMEs more open innovation oriented and fostering greater innovation. By doing so, this study provides noteworthy theoretical and managerial insights.

Exploration and exploitation in organizational learning

2009 ◽  
Author(s):  
James G. March
Keyword(s):  
Organizational Learning ◽  
Competitive Advantage ◽  
Costs And Benefits ◽  
Exploration And Exploitation ◽  
Ecological Interaction ◽  
Mutual Learning ◽  
Long Run ◽  
Adaptive Processes ◽  
Short Run ◽  
Use Of Knowledge

- This paper considers the relation between the exploration of new possibilities and the exploitation of old certainties in organizational learning. It examines some complications in allocating resources between the two, particularly those introduced by the distribution of costs and benefits across time and space, and the effects of ecological interaction. Two general situations involving the development and use of knowledge in organizations are modeled. The first is the case of mutual learning between members of an organization and an organizational code. The .second is the case of learning and competitive advantage in competition for primacy. The paper develops an argument that adaptive processes, by refining exploitation more rapidly than exploration, are likely to become effective in the short run but self-destructive in the long run. The possibility that certain common organizational practices ameliorate that tendency is assessed.

The Competitive Advantage of Nations 25 years – opening up new perspectives on competitiveness

2015 ◽  
Vol 25 (5) ◽  
pp. 471-481 ◽  
Author(s):  
Örjan Sölvell
Keyword(s):  
Competitive Advantage ◽  
Competitive Advantages ◽  
Content Type ◽  
Long Run ◽  
Diamond Model ◽  
New Perspective ◽  
New Research ◽  
Sustainable Competitive Advantages ◽  
Opening Up

Purpose – The purpose of this study is to analyze how The Competitive Advantage of Nations project led by Professor Michael E. Porter has opened up new perspectives on competitiveness of nations and firms for scholars, practitioners and policymakers. With the publication of The Competitive Advantage of Nations (CAON) book in 1990, Professor Michael E. Porter opened up a whole new perspective on competitiveness and clusters, including both new research avenues and new perspectives for practitioners and politicians. By questioning the traditional, more static and macroeconomic, views on competitiveness, he opened up for a new model of microeconomic drivers of long-run firm competitiveness. The new conceptual model, the Diamond model, pointed to the importance of healthy rivalry and dynamic clusters, in the proximate firm environment, as central to our understanding of how firms build sustainable competitive advantages in global markets. Design/methodology/approach – Literature review and conceptual. Findings – To distinguish between short-term, more static, and long-term, more dynamic competitiveness of firms, and the competitiveness of nations and regions, the paper proposes a conceptualization into three interrelated concepts: competitiveness and innovativeness of firms, and attractiveness of nations and regions. Originality/value – This paper summarizes 40 years of Professor Porter’s seminal research with a focus on the CAON project that began with the 1990 book on The Competitive Advantage of Nations. The paper proposes three interrelated concepts to cover issues of competitiveness: competitiveness (firm’s static advantages), innovativeness (firm’s dynamic advantages) and attractiveness (national/regional advantages).

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