Institutional Background of Effective Strategies for Business Sustainability

Author(s):  
Yaroslav Zhalilo

The chapter grounds theoretical and methodological baselines of effective strategy decision making of economic agents under the modern conditions of institutional turbulence. Strategies' subjectivity importance and institutional determination of its implementation have been proved. Institutional system, establishing the relations of trust, promotes the reduction of transaction costs, in particular – the costs of opportunistic behavior, and creates prerequisites for effective business communications. It has been proved that under the trends of institutional transformation, influenced by economic globalization and network economy spreading, the challenges to strategies' effectiveness can be cured at the basis of economic entities' network self-organization.

2018 ◽  
Vol 19 (2) ◽  
pp. 104-120
Author(s):  
Maulana Khusen

Abstract: The results of the study show that: (1) Tahfidzul Qur'an learning planning is done through the preparation of memorization targets and the determination of effective weeks and days in each semester; (2) Organizing is carried out through the division of tasks and responsibilities as well as the construction of the structure of the tutoring teacher; (3) The mobilization is carried out through the coordination meeting of the Tahfidz coordinator as a shering forum for decision making and direction of the Tahfidzul Qur'an learning program and the implementation of learning is carried out every Monday-Friday; and (4) Supervision is carried out through assessing teacher performance at the end of December and June. The highest achievement target for the second year of the implementation of the Tahfidzul Qur'an's 2017/2018 year program is juz 29 and 30, the lowest target for class 1 is juz 30 to Surat al Ghosyiyyah. For class 1, 85% of the target is achieved and 11% of students exceed the target. Class 2 targets reached 19%. Class 3, 10.86% reached the target and 0.35% of students exceeded the target. Class 4 tarjet reached 12.44%. Class 5 targets reached 4.24%, and the last grade 6 target reached 13.79% and 1.5% of students exceeded the target. Keywords: Learning Management, Tahfidzul Qur'an.


2017 ◽  
Vol 3 (1) ◽  
pp. 42
Author(s):  
Roshanira Che Mohd Noor ◽  
Nur Atiqah Rochin Demong

Providing a safe and healthy workplace is one of the most effective strategies in for holding down the cost of doing construction business. It was a part of the overall management system to facilitate themanagement of the occupational health and safety risk that are associated with the business of the organization. Factors affected the awareness level inclusive of safety and health conditions, dangerous working area, long wait care and services and lack of emergency communication werethe contributed factors to the awareness level for the operational level. Total of 122 incidents happened at Telekom Malaysia Berhad as compared to year 2015 only 86 cases. Thus, the main objective of this study was to determine the relationship between safety and health factors and the awareness level among operational workers.The determination of this research was to increase the awareness level among the operational level workerswho committing to safety and health environment.


2020 ◽  
Vol 16 (7) ◽  
pp. 1202-1222
Author(s):  
M.V. Grechko ◽  
L.A. Kobina ◽  
S.A. Goncharenko

Subject. The article focuses on the decision-making mechanism used by economic agents given the existing social constraints. Objectives. We devise applied toolkit to study how socio-economic constraints transform the decision-making mechanism used by economic agents. Methods. The study involves means of the expert survey, the method that streamlines economic knowledge. Results. Social constraints are illustrated to influence the decision-making mechanism used by economic agents, assuming that the individual mind relies on specific mechanisms to make judgments and decisions. Generally, the mechanisms are very useful, however they may generate serious errors during the decision-making process. Given the social constraints, economic agents were found to follow four mental models to make their decisions in case of the full or partial uncertainty, i.e. the representative relevance, accessibility, relations, heuristics (modeling). Conclusions and Relevance. The scientific ideas herein show that the inner architecture of a choice an individual makes determines his or her decisions. The decisions often depend on the contextual environment that gives external signals perceived by the individual while evaluating alternative ways. The findings can possibly be used as a mechanism to manage the consumer choice.


Mathematics ◽  
2021 ◽  
Vol 9 (13) ◽  
pp. 1554
Author(s):  
Dragiša Stanujkić ◽  
Darjan Karabašević ◽  
Gabrijela Popović ◽  
Predrag S. Stanimirović ◽  
Muzafer Saračević ◽  
...  

The environment in which the decision-making process takes place is often characterized by uncertainty and vagueness and, because of that, sometimes it is very hard to express the criteria weights with crisp numbers. Therefore, the application of the Grey System Theory, i.e., grey numbers, in this case, is very convenient when it comes to determination of the criteria weights with partially known information. Besides, the criteria weights have a significant role in the multiple criteria decision-making process. Many ordinary multiple criteria decision-making methods are adapted for using grey numbers, and this is the case in this article as well. A new grey extension of the certain multiple criteria decision-making methods for the determination of the criteria weights is proposed. Therefore, the article aims to propose a new extension of the Step-wise Weight Assessment Ratio Analysis (SWARA) and PIvot Pairwise Relative Criteria Importance Assessment (PIPRECIA) methods adapted for group decision-making. In the proposed approach, attitudes of decision-makers are transformed into grey group attitudes, which allows taking advantage of the benefit that grey numbers provide over crisp numbers. The main advantage of the proposed approach in relation to the use of crisp numbers is the ability to conduct different analyses, i.e., considering different scenarios, such as pessimistic, optimistic, and so on. By varying the value of the whitening coefficient, different weights of the criteria can be obtained, and it should be emphasized that this approach gives the same weights as in the case of crisp numbers when the whitening coefficient has a value of 0.5. In addition, in this approach, the grey number was formed based on the median value of collected responses because it better maintains the deviation from the normal distribution of the collected responses. The application of the proposed approach was considered through two numerical illustrations, based on which appropriate conclusions were drawn.


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