scholarly journals SPIRITUALITY AS A DRIVING FORCE TO ENTRE ENTREPRENEURSHIP

2018 ◽  
Author(s):  
Jozef Raco
Keyword(s):  
Business Performance ◽  
Positive Impact ◽  
Applied Ethics ◽  
Economic Benefits ◽  
Stressful Situation ◽  
For Profit ◽  
Business Values ◽  
Doing Business ◽  
Core Elements ◽  
The Many

Some studies uncovered that spirituality has positive impact to entrepreneurship. Spirituality strengthens entrepreneurs’ commitment to improve their business performance, helps them to cope with stressful situation, sharpens their business vision and motivates them to keep their business values. It supports employees to give meaning to their work, increases theirhappiness and makes them more loyal to the organization. It facilitates the wholeorganization to perform better and at the end increase the profit. Spirituality is considered as an essential nature of human being that strengthening theirpurpose and mental power to do something for the betterment of the many people. Spiritualitywas considered as a part of theology or other divine disciplines. Currently spirituality isbecoming an important topic in management particularly in entrepreneurship. It is ananimating force and vital principle which motivates entrepreneurs to run a business whichnot merely for profit taking but to serve people. A real spiritual entrepreneur is not justlooking for their own benefit but for the best of others. Any business that is beneficial andhelpful to others will grow better and enjoy economic benefits. Spirituality is in line to the core principle of entrepreneurs which is doing business to meetcustomers’ need. One characteristic of spirituality is seeking to transcend their ego or theirown interest. That is why spirituality is very important for entrepreneurs. It is being considered as a capital that has some core elements such as driven by deep values, having sense of purpose, and applied ethics in service.

scholarly journals Spirituality: The Power of Entrepreneurship

2019 ◽  
Vol 9 (1) ◽  
pp. 28-35
Author(s):  
Jozef Raco ◽  
Johanis Ohoitimur ◽  
Kosmas Sobon
Keyword(s):  
Applied Ethics ◽  
Economic Benefits ◽  
Human Being ◽  
The Core ◽  
Clear Sense ◽  
Essential Nature ◽  
Doing Business ◽  
Core Elements ◽  
Mental Power ◽  
Core Principle

Spirituality is considered to be an essential nature of human being that strengthens their purpose and mental power to do something for the betterment of many people. Spirituality is considered as a part of theology or other divine disciplines. Spirituality is becoming an important topic in Management and Economics, particularly in entrepreneurship. It is an animating force and vital principle that motivates entrepreneurs to run a business which is not merely for making profit but, enabling them to better serve people. A real spiritual entrepreneur is not just looking for their own benefit, but for the betterment of others. Any business which is beneficial and helpful to others will grow better and enjoy economic benefits. Spirituality is in line with the core principle of entrepreneurs, which is doing business to meet customers’ need. One characteristic of spirituality is seeking to transcend the ego or their own self-centered interests. That is why spirituality is very important for entrepreneurs. It can be considered as a capital that has a number of core elements such as being driven by deep values, having a clear sense of purpose, and involving applied ethics in service.

Demonstrating Responsible Leadership at SOS Villages- A Real Case

2015 ◽  
Vol 3 (2) ◽  
Author(s):  
Ch. L. Hymavathi ◽  
Aditya Kasarabada ◽  
Sarma Avadhanam
Keyword(s):  
Positive Impact ◽  
Economic Benefits ◽  
Responsible Leadership ◽  
Positive Contribution ◽  
For Profit ◽  
Not For Profit ◽  
The World ◽  
Varied Degree ◽  
Complex Ecosystem ◽  
Social Leadership

Todays enterprises across the world realize that they are a part of a large complex ecosystem and they need to plan, act, perform, and realize their mission interacting with various groups of stakeholders. It applies to profit and not for profit organizations at varied degree of importance to make a positive contribution to society beyond the economic benefits that derive from the activities of enterprises. The need of the hour is to define, design, develop, and deliver on responsible or social leadership. The Center for Social Leadership defines social leadership as a means to devote ones life and talents to improving society regardless of social standing, wealth, or privilege. Considering the above context, to fully grasp and understand how the power of social leadership influences the society we considered the case of one such leader Tim Mckormick, CEO of SOS Villages, USA in understanding the style of his leadership, the motivational factors, the triggers for action, the challenges, and the dilemmas in living up to the organizational and personal values to make a positive impact to the society.

scholarly journals PKM Pelatihan Promosi Penjualan pada Pedagang di Tonggimoncong

DEDIKASI ◽  
2020 ◽  
Vol 22 (2) ◽  
Author(s):  
Mustari Mustari ◽  
Ilham Thaef ◽  
M. Ihsan Said Ahmad
Keyword(s):  
Business Performance ◽  
Sales Promotion ◽  
Sales Promotions ◽  
Training Activity ◽  
Doing Business ◽  
The Future ◽  
Service Activity ◽  
Knowledge And Practice ◽  
The Many ◽  
Special Time

The purpose of the training is to provide insight, knowledge, and practice to merchants in Tinggimoncong, Gowa Regency as participants in sales promotion training, so that they can develop their own methods or methods in sales promotion and can run their business according to the plans that have been drawn up which lead to achieving goals. . The benefit of the training activity is that participants can implement sales promotions in the business according to their wishes and obtain the merchant's business performance as expected.This service activity was attended by 20 traders in Tinggi Moncong, Gowa Regency. There were several participants who previously registered themselves to take part in this activity, but the participants were unable to attend at the time of implementing the activity. The training participants were very enthusiastic about participating in this activity, as evidenced by their timely arrival. Enthusiasm was also seen in listening to the explanations from the speakers and the many questions asked about the material given. Although at the end of the activity session a special time was provided for question and answer, some participants also asked questions in the middle of the material given. The implementation of sales promotion training in order to increase sales of merchants in Tinggi Moncong, Gowa Regency can increase their sales results in the future. For traders, using and implementing effective sales promotion methods and methods has implications for their sales results. And become part of the prospect as a necessity in the interaction. This has become a positive value for traders in doing business because they are able to make friends with many people and try to build networks in their trading business. This is a strength as well as an opportunity that can be reached and useful for introducing and offering products to prospective buyers which have implications for increasing their merchandise.

FORMATION OF CORPORATE CULTURE OF MEDIA ENTERPRISES

2017 ◽  
Author(s):  
Anna Oleshko ◽  
◽  
Olena Basarab ◽  
Keyword(s):  
Corporate Culture ◽  
Positive Impact ◽  
Employee Motivation ◽  
Economic Benefits ◽  
Internal Communication ◽  
Information Support ◽  
Special Role ◽  
Corporate Communications ◽  
Media Companies ◽  
The Media

The article identifies specific features and suggests areas for improving the corporate culture of media enterprises. Dynamic changes in the economy due to digitalization require a revision of existing organizational forms and methods of management and the formation of a qualitatively new corporate culture at all hierarchical levels. The difficulty of solving this problem is the need to eliminate the negative elements in the Ukrainian corporate culture while adapting the development strategies of organizations to new economic conditions. The specifics of the formation of corporate culture of the media company is its special role, which is to implement the information product in order to obtain economic benefits and meet the social and communication needs of different segments of society. The article proposes changes in the organizational structure of media companies by creating a department for internal corporate communications in order to form a corporate culture that can increase the competitiveness of the company and form its positive image in the media space. This will form a highquality information support for internal communication of the enterprise, increase employee motivation and effectiveness of control over their work. The formation of a qualitatively new corporate culture of media enterprises also involves the transformation of the management system taking into account the need to focus on the use of creative work, increasing the level of knowledge, digital competencies, skills and professionalism, observance of system values of society. Ultimately, the formation of an effective corporate culture will have a positive impact on the process of creating quality information products

Prinsip Dasar Ekonomi Dan Bisnis Dalam Islam

AKADEMIKA ◽  
2015 ◽  
Vol 9 (1) ◽  
pp. 69-77
Author(s):  
Misbahul Khoir
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Human Behavior ◽  
Business Performance ◽  
Positive Impact ◽  
Economic Life ◽  
Universal Values ◽  
The Government ◽  
Islamic Economic ◽  
And Behavior

In order for humans could reach the so-called falah (goodness), human behavior needs to be colored with the spirit and norms of Islamic economics reflected in its values. The principles and values of Islamic economics are considerably two inseparable things. The implementation of economic principles without being colored with values or values without being based on principles could keep people far away from their purpose, namely falah. The implementation of values not based on principles will tend to bring with it the normative economics, which would cause it trapped into injustice. While the implementation of values on the Islamic economic development is based on the five universal values, namely akidah (belief), 'adl (justice), nubuwwah (prophetic), khilafah (the government), and ma'ad (results). The five principles are used as the basis for building theories of Islamic economics. But strong and adequate theories not applied into a system will make the Islamic economics just as the study of science without giving positive impact on the economic life. Therefore, based on the five universal values, the three derivative principles should be built into the characteristics and the forerunner of the Islamic economic system. The Islamic economic system makes sure that there are no economic transactions that are contrary to the Shari'a. But business performance depends on the man behind the gun. For that reason, the economic actors within this framework could be held by non-Muslims. The Islamic economics could only be developed if the mindset and behavior of Muslims are already itqan (diligent) and ihsan (professional). It "may be" one of the secrets of the Prophet's statement, saying "Truly I was sent to perfect good character". Because good character could be an indicator of knowing good or bad behavior in determining both the success and the failure of business itself.

METHODS OF ASSESSMENT THE LEVEL OF ENVIRONMENTAL AND ECONOMIC EFFECT DUE TO THE USING OF LOW-SPEED INDIVIDUAL VEHICLES, BY THE EXAMPLE OF THE TOWN OF SERPUKHOV

2019 ◽  
pp. 81-90
Author(s):  
Olga Leptiukhova ◽  
Marija Utkina
Keyword(s):  
Positive Impact ◽  
Economic Effect ◽  
Economic Benefits ◽  
Point Of View ◽  
Operational Parameters ◽  
Public Authorities ◽  
Low Speed ◽  
Standards Of Living ◽  
Complex Criterion ◽  
Electric Bicycle

For more than half a century bicycle transport demonstrates its effectiveness as one of the elements of the transport network of the city. Currently, vehicles with low-power motors such as electric bicycle, electric scooter, gyrometer, segway, wheelbarrow, scooter motor and others are gaining people's attention. These vehicles can be combined into a group of low-speed individual vehicles (hereinafter - NITS) with similar re-quirements for the operational parameters of urban infrastructure. From the urban point of view, the interest in NITC is that the number of its users has increased significantly in recent years. The article presents the results of a sociological survey of residents of Serpukhov, allowing to assess the current and potential readi-ness of the population to use NITC. The growing popularity of NITC has led to an increase in the environmen-tal and economic effect, which is manifested at a particular level of development of the movement on NITC. The ecological and economic effect of the use of NITC has an extremely positive impact on the improvement of the urban environment. This article provides a list of indicators that reflect the growth in the standards of living of society from movement by the NITC, and the calculation of one of them - the increase in entrepre-neurial activity on the streets with increased traffic to the NITC. Indicators are necessary for calculation of complex criterion of efficiency and safety of street network due to development of the movement by NITC. The result will allow public authorities authorized to make decisions on the strategy of transport policy of cities to quantify the ratio of economic benefits from the development of infrastructure of the NITC with the cost of its construction and operation.

Benefit Corporations Approach to Environmental, Social and Governance Disclosure: A Focus on Italy

2020 ◽  
Vol 10 (4) ◽  
Author(s):  
Mauro Sciarelli ◽  
Silvia Cosimato ◽  
Giovanni Landi
Keyword(s):  
Qualitative Method ◽  
Positive Impact ◽  
Corporate Structure ◽  
New Approach ◽  
For Profit ◽  
Benefit Corporation ◽  
Benefit Corporations ◽  
Multiple Case ◽  
Governance Disclosure

AbstractOver the last decades, Benefit Corporations arouse as a new corporate structure, alternative to traditional ones and pointing to offer a new approach to the management of business and sustainability issues. These companies' activities are statutory aimed at bridging for-profit and no-profit activities; thus, they intentionally and statutory pursue economic purposes together with social and environmental ones, to create a positive impact on economy, society and environment. Even though, Italian and other national laws set some specific disclosure duties for Benefit Corporations, especially in terms of Environmental, Social and Governance (ESG) issues, the literature still calls for further research on the topic. Therefore, this paper is aimed at contributing to bridge this gap, investigating the way Italian Benefit Corporations approach ESG disclosure. To this end, an exploratory analysis has been conducted, implementing a qualitative method, based on a multiple case study strategy. Even though the descriptive nature of the study, the achieved findings pointed out that the Benefit Corporation structure not necessarily implies a better approach to ESG.

Evolution of top management’s understanding of product quality in Eastern Europe since the end of communism

2017 ◽  
Vol 29 (1) ◽  
pp. 82-100
Author(s):  
Svetoslav Georgiev ◽  
Emil Georgiev
Keyword(s):  
Eastern Europe ◽  
Product Quality ◽  
Quantitative Research ◽  
Business Performance ◽  
Research Approach ◽  
Senior Managers ◽  
Content Type ◽  
Doing Business ◽  
Using Data ◽  
The Impact

Purpose The purpose of this paper is to analyse the evolution of top management’s understanding of product quality in Bulgaria since the end of communism. The study examines three specific areas: top management’s understanding of the term “quality”; top management’s understanding of the relationship between quality and business performance; and top management’s understanding of the impact of job position on quality. Design/methodology/approach The paper relies on a quantitative research approach by using data from a survey of 186 companies in Bulgaria. Findings The paper suggests that senior managers in Bulgaria continue to base their understanding of “quality” on a single approach (*a characteristic of the communist era), with the product-based and the user-based approaches currently being the two most common ones. At the same time, surprisingly enough, this study claims that senior management in Bulgaria is currently well aware of the importance of quality as a dimension of firm’s competitiveness, and is also highly conscious of its roles’ impact on product quality. Research limitations/implications The results of this study are exclusively based on the case of Bulgaria and must be treated with caution in the case of other former communist states from the Central and Eastern Europe (CEE) region. Practical implications This paper has relevance for both managers and companies doing business in Eastern Europe. Originality/value This is the first paper to provide detailed analysis of the evolution of the understanding of “product quality” in CEE since the end of communism. Moreover, this paper applies, for the first time, Garvin’s five approaches to defining quality within a practical context.

Analysis of External Environtmental Forces and Company Resources Its Influence on Strategic Orientation, Absorptive Capability and Value Creation and Their Implication on Business Performance: A Survey on Courier Services Companies in Indonesia

2015 ◽  
Vol 3 (1) ◽  
pp. 65-74
Author(s):  
Hana Suryana
Keyword(s):  
Value Creation ◽  
Business Performance ◽  
Service Industry ◽  
Positive Impact ◽  
Partial Least Square ◽  
Model Verification ◽  
Strategic Orientation ◽  
Least Square ◽  
Primary Data ◽  
Courier Service

Objective - Explore the data and information on External Environmental Forces and Company Resources on Strategic Orientation, Absorptive Capability, Value Creation and their implication on Business Performance of courier service industry in Indonesia. Methodology/Technique - The nature of this research is descriptive and verification. The unit of analysis is the courier service industry, and a sample of 72 courier companies from various regions in Indonesia. The time horizon is cross-sectional, where the research is done at a certain time. Primary data is collected by a questionnaire and interviews with management of the companies and stakeholders. The analysis is done by using the model verification Partial Least Square (PLS). Findings - Company Resources have the positive impact on Absorptive Capability to increase Value Creation and Business Performance.However, the magnitude of the influence is faced with the problems of in optimal development of Company Resources on the aspects of tangible and intangible assets. The condition makes companies could not optimize in Absorptive Capability as well as Value Creation to improve Business Performance. Novelty - It was very few articles discussing the comparison of the psychological determinants of online self-disclosure and privacy issues between Polish and Indonesian. Type of Paper - Empirical Keywords : Absorptive Capability, Business Performance, Company Resources,External Environmental Forces, Strategic Orientation, Value Creation.

scholarly journals Impacts of Monetary Policy on Commercial Banks’ Profits: The Case of Vietnam

2017 ◽  
Vol 13 (8) ◽  
pp. 32
Author(s):  
Thanh Nhan Nguyen ◽  
Ngoc Huong Vu ◽  
Ha Thu Le
Keyword(s):  
Monetary Policy ◽  
Commercial Banks ◽  
Positive Impact ◽  
Monetary Policies ◽  
Significance Level ◽  
Doing Business ◽  
Panel Data Regression ◽  
Banking Market ◽  
Data Regression ◽  
The Impact

This paper mainly concentrates on examining the impact of monetary policy on commercial banks’ profit in Vietnam by using panel data regression. In our study, the data is collected from 20 commercial banks which were doing business in Vietnam’s banking market, ranging from 2007 to 2014 in annually frequency. Monetary base (MB), discount rate (DIS) and required reserve ratio (RRR) are used as proxies for monetary policy. Profit before tax (PROFIT) is used to represent commercial banks’ performance. The results show that there is a positive relationship between banks’ profits and monetary policies. Among those chosen variables representing SBV’s monetary policy, only MB has a significant positive impact on bank’s profit at the significance level of 10%. On this premise, the study recommends that MB should be one of the variables in the center of being concerned in the SBV’s policies regarding the banking performance and stability.

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