scholarly journals Bad governance and business violence: An Indian outlook

2009 ◽  
Vol 6 (4) ◽  
pp. 193-200
Author(s):  
Ashutosh Dash
Keyword(s):  
Ethical Framework ◽  
Economic Activities ◽  
Business Decisions ◽  
Moral Framework ◽  
Guiding Principle ◽  
Moral Standards ◽  
Ideal Situation ◽  
Political Patronage ◽  
Broad Objective ◽  
Strategic Goal

Corporations being powerful institutions must be more accountable for their business policies and practices as their activities, for better or worse, have a significant impact on individuals, whole communities and society at large. But unfortunately, Capitalism at the beginning of the 21st century with overemphasis on economic performance has evolved the rule of unproductive economic activities, exploitation of customers, illegal monopolies, political patronage and personal gains. The observed inconsistency between the role and rule of business, being detrimental to the society has raised a concern about implementing business governance that would integrate value framework, ethical framework and moral framework under which business decisions are taken. To comply with the moral standards for optimizing the outcome for directly negotiating parties the corporate need to adopt a dual goal concept: a strategic goal and moral goal. An ideal situation is possible once the ethical perspectives of a business is internalised through value-based negotiations and exchanges at all levels, social, political and symbolic; hence broad objective of this paper is to put forward some guiding principle for the business firms to evolve responsible behaviour and avoid bad governance and business related violence

scholarly journals A systematic approach to modeling sustainable production and economic activities of transport organizations

2021 ◽  
Vol 244 ◽  
pp. 11045
Author(s):  
Nikita Drozdov ◽  
Elena Kuzina ◽  
Marina Vasilenko ◽  
Julia Tagiltseva ◽  
Vyacheslav Galkin ◽  
...  
Keyword(s):  
Systematic Approach ◽  
Economic Activities ◽  
Business Decisions ◽  
Production Processes ◽  
Excess Costs ◽  
The Russian Federation ◽  
Reducing Costs ◽  
Management Functions ◽  
Corporate Social ◽  
Technical Measures

Business decisions, transport organizations are guide by the principles of maximizing economic efficiency, reducing costs, and corporate social responsibility. Nevertheless, in the production and economic activities of transport enterprises, there are non-productive costs associated with their environmental activities: payment for excess and permissible pollution, costs of eliminating the consequences, accumulated damage, etc. To minimize this type of costs, it is propose to build a model of the activity of transport organizations from the standpoint of a systematic approach, which includes production processes, elements of production processes, management functions, and components of transport impact and aspects of corporate and social liability. The developed model can find its application in planning organizational and technical measures during their formation. The article presents information on unproductive excess costs of the transport industry of the Russian Federation in the period 2013-2016 y.o. The components of transport impact in transport organizations are considered. A model of production and economic activity of transport organizations from the standpoint of a systematic approach is proposed.

Automation of Control Procedures for Financial and Economic Activities of the Organization

Auditor ◽  
2020 ◽  
Vol 6 (8) ◽  
pp. 35-40
Author(s):  
Ekaterina Zubenko
Keyword(s):  
Internal Control ◽  
Automated Analysis ◽  
Effective Control ◽  
Economic Activities ◽  
Timely Manner ◽  
Business Decisions ◽  
Internal Control System ◽  
Control Procedures ◽  
The Right ◽  
Management Capabilities

Th e article reveals the content of a soft ware product designed to assess the effectiveness of the internal control system through automated analysis of the organization’s financial and economic activities. Th e use of this soft ware product will allow you to expand your management capabilities and organize effective control over ongoing processes in economic, financial and managerial activities, as well as allow you to make the right business decisions, receiving reliable information in a timely manner.

Responsible Machine Learning for Ethical Artificial Intelligence in Business and Industry

2021 ◽  
pp. 639-653
Author(s):  
Deepak Saxena ◽  
Markus Lamest ◽  
Veena Bansal
Keyword(s):  
Artificial Intelligence ◽  
Machine Learning ◽  
Moral Development ◽  
Ethical Framework ◽  
Self Awareness ◽  
Design Development ◽  
Economic Activities ◽  
Modern Life ◽  
Current Generation ◽  
Explainable Ai

Artificial intelligence (AI) systems have become a new reality of modern life. They have become ubiquitous to virtually all socio-economic activities in business and industry. With the extent of AI's influence on our lives, it is an imperative to focus our attention on the ethics of AI. While humans develop their moral and ethical framework via self-awareness and reflection, the current generation of AI lacks these abilities. Drawing from the concept of human-AI hybrid, this chapter offers managerial and developers' action towards responsible machine learning for ethical artificial intelligence. The actions consist of privacy by design, development of explainable AI, identification and removal of inherent biases, and most importantly, using AI as a moral enabler. Application of these action would not only help towards ethical AI; it would also help in supporting moral development of human-AI hybrid.

scholarly journals Applying an Ethical Framework to Herbal Medicine

2018 ◽  
Vol 2018 ◽  
pp. 1-7 ◽  
Author(s):  
Kate Chatfield ◽  
Bahare Salehi ◽  
Javad Sharifi-Rad ◽  
Leila Afshar
Keyword(s):  
Herbal Medicine ◽  
Herbal Medicines ◽  
Ethical Analysis ◽  
Ethical Framework ◽  
Ethical Standards ◽  
Ethical Challenges ◽  
Moral Framework ◽  
First Time ◽  
Structured Approach ◽  
Practical Recommendations

Herbal medicines make a vital contribution to healthcare globally, but from production through to practice, there are ethical challenges that require attention. Ethical challenges are often analysed through application of an ethical framework because this can facilitate a consistent and structured approach. In healthcare, the most commonly used framework over recent decades has been that of the four principles: beneficence, nonmaleficence, autonomy, and justice. However, for various reasons that are explained, this approach to ethical analysis is not the most fitting for the global phenomenon of herbal medicine. In this paper, a relatively new moral framework that is based upon the globally accepted values of care, respect, honesty, and fairness is explored in relation to herbal medicine for the first time. Through application of this framework, the ethical challenges and actions needed to address them become clear, thus resulting in practical recommendations for enhancing ethical standards in herbal medicine.

scholarly journals The Attempt to Privatise Business Ethics: A Critique of The Claims of Contractarianism to Be The Ethical Framework for Global Business

2010 ◽  
Vol 5 (1) ◽  
Author(s):  
G. D. Donleavy
Keyword(s):  
Business Ethics ◽  
Conceptual Development ◽  
A Priori ◽  
Ethical Framework ◽  
Global Business ◽  
Care Theory ◽  
Moral Framework ◽  
Ethical Frameworks ◽  
Global Business Ethics ◽  
Key Aspects

Many issues in business ethics centre on the meaning and scope of the notion; duty of care. Three major ethical frameworks have different ideas about this which are examined in the paper. In particular, the recent claims of Contractarianism in the Academy of Management Review are critically analysed and found wanting to a serious degree. The extent to which Kohlberg’s paradigm shares the shortcomings of Contractarianism is then reviewed. It is argued that while Kohlberg is universalist, therefore a recognizably ethical moral framework, it shares with Contractarianism the disadvantage of a problematic a priori rationality in terms of its specifically ethical judgments. Finally, Care Theory is shown recently to have begun to acquire the universalist credentials it previously lacked and not to be subject to the shortcomings of the other two paradigms in some key aspects; but that it still has conceptual development work to do in order to become a practical framework for global business ethics. Such work was inconceivable when Care Theory was relativistic and particularistic, but it now begins to be conceivable as a practical proposition.

Selecting the Best ALT

2014 ◽  
Vol 57 (1) ◽  
pp. 47-56
Author(s):  
Fred Schenkelberg
Keyword(s):  
Risk Tolerance ◽  
Accelerated Life Testing ◽  
Test Duration ◽  
Test Results ◽  
Tolerance Limits ◽  
Business Decisions ◽  
Accelerated Life ◽  
Ideal Situation ◽  
The Many ◽  
Optimal Approach

Throughout the many years of accelerated life testing (ALT) development, colleagues have found numerous ways to take advantage of the interaction of stress and failure mechanisms.[1-14] In an ideal situation, the reliability engineer will have ample time, samples, test resources, and knowledge to conduct ALT. However, this is often not the case. Trading off the risks in conducting ALT and meeting the myriad constraints and expectations is a challenge. Understanding the basics of ALT approaches and associated assumptions permits test designers to select the ALT method that will provide meaningful results in time for technical and business decisions while meeting budgetary and risk-tolerance limits. There is no single way to design ALT for a specific set of conditions, but clearly articulating the tradeoffs involved permits the entire design team to fully understand the test results. The "best" ALT is a method that adds value to the design process. The most accurate results would involve testing all the production units in customer use until all units have failed. Although this is clearly not practical, neither is the simple-minded approach of guessing at the results. In between these two extremes lies an optimal approach: the most efficient ALT that provides meaningful results. When the results provide information to make design or program decisions, ALT adds value. Reducing ALT costs by reducing sample size or test duration is possible, but doing so may significantly increase uncertainty of the results. Running the test longer to achieve more accurate results is often constrained by the timeline to make decisions. Such tradeoffs force reliability engineers to carefully design each ALT and determine the best path forward.

scholarly journals THEORETICAL AND METHODOLOGICAL ASPECTS OF SUSTAINABLE ENTERPRISES DEVELOPMENT

2020 ◽  
pp. 104-120
Author(s):  
I. Yevsieieva-Severyna
Keyword(s):  
Economic Security ◽  
Point Of View ◽  
Competitive Advantages ◽  
Enterprise Development ◽  
Economic Activities ◽  
Business Decisions ◽  
Current Period ◽  
Methodological Aspects ◽  
Negative Factors ◽  
Further Development

The article deals with the interpretation of the concepts of competitive advantages, competitiveness, competitive potential, competitive sustainability, sustainability risk and sustainable enterprise development. The author's vision of categorical apparatus is based on the generalization of existing viewpoints and approaches to their definition. According to the author's point of view, the competitive advantages are the collection of some strong prevailing characteristics of the company that clearly distinguish it from the competitors, providing further development through the production of high quality products and satisfying the growing needs of the consumers. Enterprises must activate the work in direction of optimal use of present resources, take into account internal development possibilities, quickly adapt to the changes of environment. Especially important is the attention of the enterprises focusing on components of the competitive potential (economic, financial, innovation, intellectual, marketing, communication, information, production etc.) which should be examined to determine possible measures of further development. Competitive sustainability is an integral part of ensuring economic security of the enterprise. Economic security reflects the ability of the enterprise to ensure sustainable development, both in the current period and in the future, under the influence of negative factors of external and internal environment. Most business decisions are made under conditions of uncertainty and risk, due to insufficient information, high intensity of rivalry, changeable environment. It is necessary to identify and estimate risks in order to minimize their influence on the activity of the enterprise. Competitive sustainability and sustainability risk provide sustainable enterprise development, the ability to carry out economic activities in conditions of uncertainty of external environment impacts, creating conditions for long-term stable functioning of the enterprise in a competitive market environment.

scholarly journals Improving the representation of tax issues in the accounting policy of public organizations in Uzbekistan

2021 ◽  
Vol 258 ◽  
pp. 05041
Author(s):  
R D Dusmuratov ◽  
A S Boltaev
Keyword(s):  
Financial Reporting ◽  
Agricultural Sector ◽  
Financial Statements ◽  
Financial Indicators ◽  
Economic Activities ◽  
Accounting Standard ◽  
Business Decisions ◽  
General Rules ◽  
The Republic ◽  
Accounting Policy

Globally, accounting is seen as a system for measuring, tracking and summarizing business activities, interpreting financial information and communicating the results to management and other stakeholders to help them make effective business decisions. Therefore, today it is important to improve the development of accounting policies in economic entities, including supply organizations operating in the agricultural sector, based on the conceptual rules established by the Law of the Republic of Uzbekistan “On Accounting” and other regulations. It is known that the development of accounting policies is based on the general rules set out in the National Accounting Standard (NAS) of the Republic of Uzbekistan No. 1 “Accounting Policy and Financial Reporting”.. In particular, the IFRS states that “Accounting policies represent the specific principles, conventions, procedures and practical approaches used by an entity to prepare and prepare financial statements”. At the same time, the accounting policy of the business entity is formed by the head of the entity on the basis of IFRS 1, and the financial indicators presented in the financial statements of financial and economic activities for different years are compared and used in conjunction with other related IFRSs.

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