Sustainability. The End of Finance as It Was

2021 ◽  
Vol 39 (3) ◽  
Author(s):  
Manuel Gómez Gutiérrez Torrenova
Keyword(s):  
Financial Performance ◽  
Business Models ◽  
New Paradigm ◽  
Broad Perspective ◽  
Deep Dive ◽  
Economic Decisions ◽  
Economic Decision Making ◽  
The Social ◽  
New Business ◽  
Almost All

It is undeniable that sustainability has become one of the hottest discussion subjects nowadays. From a broad perspective, the ramifications of sustainability reach almost all of the social, political and economic territories. However, on many occasions, the lightness and superficiality with which the terms related to this matter are handled, make us think that it could be just a temporary fashion. We must not confuse ourselves. The truth is that we are witnessing profound changes in the socio-economic system that unveil a paradigm shift. If we set sustainability aside for a second, and we look from a pure socio-economic perspective, it becomes obvious that we are in the middle of an intergenerational wealth transfer of approximately 30 trillion dollars from the so-called baby boomers to their successors. And these successors - not just millennials, but people in their 30s to 40s - simply think about their economic decisions differently. Consequently, institutional investors have changed gears in their economic vision as well.It is the end of finance as it was. The consideration of ESG (Environmental, Social and Governance) factors into economic decisions represent not just a fashion but a new reality. A reality that represents a sizable challenge that, in many ways, comes along with plenty of controversy. In practice, it means the consideration of environmental, social and governance factors along with financial factors in the economic decision-making process. And this is a fundamental change for the financial and capital management world. The new paradigm confronts two main forces that can adopt different names, denominations or justifications: sustainability vs profitability, ESG vs financial performance, environment vs profit, etc.  In sum, many economic operators may think that ESG factors could compromise financial performance. Is this reflection true or is it just an excuse for those anchored in certain patterns? This analysis will deep dive into the rational behind the current changes in the finance and capital markets to align its structures and business models to the new sustainable economy.10 keys explain the importance of sustainability in today’s finance world. These 10 macro trends are behind a profound transformation movement in the financial market setting up a new pace and new business patterns. It is the end of finance as it was.

DIGITALIZATION AS A NEW PARADIGM OF SOCIO-ECONOMIC DEVELOPMENT

2020 ◽  
Vol 5 (11) ◽  
pp. 5-9
Author(s):  
T. S. KOLMYKOVA ◽  
◽  
S. V. KLYKOVA ◽  
N. Yu. MAKAROV ◽  
◽  
...  
Keyword(s):  
Business Models ◽  
Technological Development ◽  
Digital Data ◽  
New Paradigm ◽  
Positive Effects ◽  
Production Factors ◽  
Role Of The State ◽  
New Business ◽  
Structured Information

The article examines the substantive aspects of digitalization as a new paradigm of technical and technological development. The features that distinguish the digital economy are structured. Information, knowledge and digital data are key production factors. Digitalization is considered as a modern tool for ensuring economic growth. It leads to the emergence of positive effects: the emergence of new business models, the creation of a basis for breakthrough innovations, and ensuring competitiveness in the long term. The important role of the state in the implementation of largescale investments, which are the drivers of the development and implementation of digital technologies, was noted.

Big Data and Data Analytics Research

Web Services ◽  
2019 ◽  
pp. 2161-2171
Author(s):  
Miltiadis D. Lytras ◽  
Vijay Raghavan ◽  
Ernesto Damiani
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Data Analytics ◽  
Business Models ◽  
Internet Technology ◽  
Cognitive Computing ◽  
New Paradigm ◽  
Web Science ◽  
New Business ◽  
Value Propositions

The Big Data and Data Analytics is a brand new paradigm, for the integration of Internet Technology in the human and machine context. For the first time in the history of the human mankind we are able to transforming raw data that are massively produced by humans and machines in to knowledge and wisdom capable of supporting smart decision making, innovative services, new business models, innovation, and entrepreneurship. For the Web Science research, this is a new methodological and technological spectrum of advanced methods, frameworks and functionalities never experienced in the past. At the same moment communities out of web science need to realize the potential of this new paradigm with the support of new sound business models and a critical shift in the perception of decision making. In this short visioning article, the authors are analyzing the main aspects of Big Data and Data Analytics Research and they provide their own metaphor for the next years. A number of research directions are outlined as well as a new roadmap towards the evolution of Big Data to Smart Decisions and Cognitive Computing. The authors do hope that the readers would like to react and to propose their own value propositions for the domain initiating a scientific dialogue beyond self-fulfilled expectations.

scholarly journals The Circle Game: Poetry and Sustainable Enterprises

2021 ◽  
Vol 6 (6) ◽  
pp. 30-45
Author(s):  
Rick Edgeman ◽  
Kunal Yogen Sevak
Keyword(s):  
Financial Performance ◽  
Business Models ◽  
Triple Bottom Line ◽  
Natural Environments ◽  
Base Of The Pyramid ◽  
Bottom Line ◽  
Cultural Innovation ◽  
Or Groups ◽  
New Business ◽  
New Business Models

Organisational progress toward sustainable social and natural environments is essential. So too, is financial performance sufficient to support organisational investment in sustainability. Perspectives as to what organisational sustainability is, how it is pursued, and its preferred fruits have evolved in recent years to incorporate both inclusion and circularity. Regardless of the prevalent organisational perspective, the organisation will need to formulate and execute a triple top-line strategy to deliver triple bottom line performance and impacts. Interpretation of inclusion depends on whether organisational focus is internal, or is riveted on people, communities, or societies the organisation serves or hopes to impact. Herein inclusion is principally outward-looking, and hence primarily addresses marginalised individuals or groups, including individuals at the base of the pyramid. Organisations aiming to ‘do well, by doing good’ are called for-benefit organisations and are central to this effort and, often, are inclusive businesses. More than ‘doing good’, such organisations may aid disadvantaged or marginalised individuals or groups through beneficial cultural innovation and transformation. Companion to inclusivity is circularity, where businesses focus on resource recovery and redeployment. New business models aiming to direct organisations toward sustainable excellence, will incorporate inclusivity and circularity.

scholarly journals Analysis of Tax Authority Readiness in Tax Policy on Digital Economy

2020 ◽  
Vol 4 (1) ◽  
pp. 51
Author(s):  
Bambang Firmansah ◽  
Ning Rahayu
Keyword(s):  
Tax Policy ◽  
Business Models ◽  
Technology Development ◽  
Action Plan ◽  
Tax Avoidance ◽  
Digital Economy ◽  
International Taxation ◽  
The Social ◽  
Study Results ◽  
New Business

The social phenomenon effects of technology development known as digital economy presents new business models open many opportunities for tax avoidance schemes. So OECD recommends action plan on digital economy in action plan 1, but this recommendation has not yet become a priority for Indonesian tax authority. On the other hand, tax authority has not achieve the tax revenue target in the past five years, while it is generally known that digital economy transaction value is very large and has not been taxed. So it is urgent and necessary for Indonesia to immediately tax digital economy. So regulations and tax authority readiness are needed. Tax policy on digital economy is contained in Law number 2 of 2020. The study purpose is to analyze tax authority 's readiness to carry out tax policies on digital economy. This research method is a descriptive qualitative analytical method in narratives, tables and pictures in which researcher develops abstractions, theories and information from key informants. The theory used is the readiness, international taxation theory integrated with OECD recommendations. Based on study results showed that tax authority was ready but still needed improvements to the implementing regulations and improvement of human resources competency about digital economy.

New Economy, E-Commerce Businesses, and E-Businesses

2020 ◽  
pp. 203-220
Author(s):  
Duygu Toplu Yaşlıoğlu
Keyword(s):  
Business Model ◽  
Business Models ◽  
New Economy ◽  
Electronic Networks ◽  
Doing Business ◽  
New Business ◽  
Digital Environments ◽  
Trade Route ◽  
Almost All ◽  
New Business Models

Electronic commerce and electronic business concepts are highly researched in recent management literature. Network economy has revealed e-commerce, a new trade route that is carried out over the interlinked computers and mobile devices. E-commerce is a method used by almost all businesses that are physically processing. Therefore, there should be a significant distinction between e-business and e-commerce. With the development of e-commerce, new ways of doing business have emerged. Thus, many e-commerce companies have emerged, traditional businesses have started trading in electronic networks, and new business models have begun to be created in digital environments. In order to understand how e-businesses make money, many business models have been studied. For this reason, the concept of business model in the new economy and the transformation of business models into e-business models are examined. In line with this, it is aimed in this chapter to examine e-businesses, to clarify e-business models, and to explain e-commerce types and e-business model types in detail, with examples.

scholarly journals Social Payments: Innovation, Trust, Bitcoin, and the Sharing Economy

2017 ◽  
Vol 35 (3) ◽  
pp. 13-33 ◽  
Author(s):  
◽  
Taylor C. Nelms ◽  
Bill Maurer ◽  
Lana Swartz ◽  
Scott Mainwaring
Keyword(s):  
Business Models ◽  
Sharing Economy ◽  
Mobile Platforms ◽  
Novel Technologies ◽  
On Demand ◽  
The Social ◽  
New Business ◽  
Start Ups ◽  
New Business Models ◽  
Rapid Transformation

The payments industry – the business of transferring value through public and corporate infrastructures – is undergoing rapid transformation. New business models and regulatory environments disrupt more traditional fee-based strategies, and new entrants seek to displace legacy players by leveraging new mobile platforms and new sources of data. In this increasingly diversified industry landscape, start-ups and established players are attempting to embed payment in ‘social’ experience through novel technologies of accounting for trust. This imagination of the social, however, is being materialized in gated platforms for payment, accounting, and exchange. This paper explores the ambiguous politics of such experiments, specifically those, like Bitcoin or the on-demand sharing economy, that delineate an economic imaginary of ‘just us’ – a closed and closely guarded community of peers operating under the illusion that there are no mediating institutions undergirding that community. This provokes questions about the intersection of payment and publics. Payment innovators’ attenuated understanding of the social may, we suggest, evacuate the nitty-gritty of politics.

New Economy, E-Commerce Businesses, and E-Businesses

2021 ◽  
pp. 1-18
Author(s):  
Duygu Toplu Yaşlıoğlu
Keyword(s):  
Business Model ◽  
Business Models ◽  
New Economy ◽  
Electronic Networks ◽  
Doing Business ◽  
New Business ◽  
Digital Environments ◽  
Trade Route ◽  
Almost All ◽  
New Business Models

Electronic commerce and electronic business concepts are highly researched in recent management literature. Network economy has revealed e-commerce, a new trade route that is carried out over the interlinked computers and mobile devices. E-commerce is a method used by almost all businesses that are physically processing. Therefore, there should be a significant distinction between e-business and e-commerce. With the development of e-commerce, new ways of doing business have emerged. Thus, many e-commerce companies have emerged, traditional businesses have started trading in electronic networks, and new business models have begun to be created in digital environments. In order to understand how e-businesses make money, many business models have been studied. For this reason, the concept of business model in the new economy and the transformation of business models into e-business models are examined. In line with this, it is aimed in this chapter to examine e-businesses, to clarify e-business models, and to explain e-commerce types and e-business model types in detail, with examples.

scholarly journals Emerging Business Models in Education Provisioning: A Case Study on Providing Learning Support as Education-as-a-Service

2017 ◽  
Vol 7 (3) ◽  
pp. 92 ◽  
Author(s):  
Loina Prifti ◽  
Marlene Knigge ◽  
Alexander Löffler ◽  
Sonja Hecht ◽  
Helmut Krcmar
Keyword(s):  
Business Models ◽  
Learning Support ◽  
New Paradigm ◽  
Learning And Teaching ◽  
Industrial Internet ◽  
Education Industry ◽  
New Business ◽  
Art Research ◽  
Common Understanding

This study aims to give a deeper understanding on emerging business models in the context of education. Industry 4.0/the Industrial Internet in general and especially recent advances in cloud computing enable a new kind of service offering in the education sector and lead to new business models for education: Education-as-a-Service (EaaS). Within EaaS, learning, and teaching contents are delivered as services. By combining a literature review with a qualitative case study, this paper makes a three-fold contribution to the field of business models in education: First, we provide a theoretical definition for a common understanding of EaaS. Second, we present the state-of-the-art research on this new paradigm. Third, in the case study we describe a “best practices” business model of an existing EaaS provider. These insights build a theoretical foundation for further research in this area. The paper concludes with a research agenda for further research in this emerging field.

scholarly journals From Preservation to Reuse. Seeing Possible Futures

2021 ◽  
Author(s):  
Elizabeth Gardiner ◽  
Katarzyna Kosmala
Keyword(s):  
Business Models ◽  
Local Community ◽  
New Paradigm ◽  
Heritage Preservation ◽  
Cultural Planning ◽  
Industrial Heritage ◽  
The Arts ◽  
New Business ◽  
Post Industrial ◽  
New Business Models

Appreciation of heritage by Scotland’s communities has been inextricably linked with activism since the 1970s . Since then, European artists and local cultural producers have campaigned for future spaces and places that respect local histories, identities and heritage. In parallel, a polarisation within the arts, culture and heritage establishments has downgraded socially engaged practices: collapsing arts development and heritage preservation with cultural planning. In Glasgow, local people have fought a decade-long campaign to save A-listed dry docks, Govan’s Graving Docks. We argue that the politics around saving the docks are superficially incontestable as a local community aspires to preserve an important heritage asset linked to their own cultural memory and pride. Moving beyond heritage preservation is more problematic. Post-industrial heritage is vulnerable to developer-led homogenisation and subsequently, gentrification. Artists, researchers and activists who, in good faith work with communities, fueling their aspirations and alternative visions for heritage futures, are in danger of becoming a part of the problem. We unpack some of the problems posed by the politics of power and ownership, exploring networks and new business models as keys to advancing a new paradigm for the future of heritage.

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