The Italian Doctrine Economia Aziendale and the Primary Interest of the Organizations

Author(s):  
Emiliano Di Carlo

The aim of this chapter is to enter into the debate on the objective of the firm and more in general of the organizations, in order to discuss the contribution that the Italian doctrine Economia Aziendale (EA) can give to this debate and to the sustainable economic development. To this end, it is pro-posed the concept of primary interest of the organizations, the aziende according to the EA (i.e., business entities, public administrations and non-profit organizations), which is to satisfy human needs through the production of useful goods and services (the objective of the azienda) ensuring a sustainable value creation in the short and long term (the condition for the survival and growth of the azienda). For business entities, the primary interest supports the so called ‘integration thesis' according to which business and ethics can be achieved together, since the profit is considered as a condition that allows the survival and growth of the firm favouring all stakeholders and the community.

2019 ◽  
pp. 925-949
Author(s):  
Emiliano Di Carlo

The aim of this chapter is to enter into the debate on the objective of the firm and more in general of the organizations, in order to discuss the contribution that the Italian doctrine Economia Aziendale (EA) can give to this debate and to the sustainable economic development. To this end, it is pro-posed the concept of primary interest of the organizations, the aziende according to the EA (i.e., business entities, public administrations and non-profit organizations), which is to satisfy human needs through the production of useful goods and services (the objective of the azienda) ensuring a sustainable value creation in the short and long term (the condition for the survival and growth of the azienda). For business entities, the primary interest supports the so called ‘integration thesis' according to which business and ethics can be achieved together, since the profit is considered as a condition that allows the survival and growth of the firm favouring all stakeholders and the community.


Author(s):  
О.В. Птащенко ◽  
В.А. Вовк

The main features of the marketing complex for the enterprises of the tourist branch are considered in the article. In a market economy, the concept of marketing, as part of improving enterprise management, becomes an integral part of its activities. With the help of a number of controlled marketing variables, business entities can influence customers, stimulate them, encouraging them to certain, desirable for the company actions in the market until the purchase. One of the elements of the marketing complex is the brand. Increasingly, it is important to use it as one of the most important marketing factors that can ensure the success of the company in the market. To a large extent, this success is due to choosing the right branding strategy. This choice, as well as the positioning and development strategy of the brand directly depend on the chosen variety. In addition, it should be noted that the purpose of marketing is not only to benefit companies, but also to build long-term relationships with consumers, meet their demands, improve the quality of goods and services, improve the conditions of their acquisition. It should also be noted that the formation of marketing activities at the enterprise today is impossible without a focus on modern technology. Such technologies include Internet marketing as a modern way of building a business. Principles of tourism marketing: constant search and maximum respect for the consumer, focus on his needs and requirements, which provide the market is not goods and services, and ways to solve consumer problems; flexibility in achieving the set goal by adapting to the requirements of the market with a simultaneous targeted impact on it; a comprehensive approach to the development of marketing plans, which involves the use not of individual marketing activities, and a set of marketing, a combination of individual elements which allows you to achieve a certain goal; focus on the long-term prospects of the enterprise. Thus, the main purpose of each enterprise is to achieve profitability and stability of services. Today it is possible to achieve only through the introduction of basic principles of marketing and the formation of a comprehensive mechanism of marketing activities. At the same time, the high cost of enterprises, for example, machine-building industry, agricultural machinery enterprises should be compensated by the introduction of modern advanced production technologies, rational use of fundamentally new materials, introduction of modern technological policy, including marketing and work aimed at improving skills. All this once again confirms the importance of marketing management today and as a consequence of the constant introduction of the latest marketing tools.


2020 ◽  
Vol 16 (1) ◽  
pp. 13-23
Author(s):  
Akhmad Akhmad

Economic development basically aims to increase economic growth, reduce poverty and unemployment. Therefore the research aims to find out the causal relationship between economic growth, unemployment and poverty in the Southern Province. This research used panel data of 24 districts / cities in South Sulawesi Province during 2007 to 2018, which was obtained from the Central Statistics Agency. Data were then analyzed using Vector Autoregression analysis. The results showed that shocks to economic growth have an impact on reducing unemployment and poverty rates both short and long term. Meanwhile shocks to unemployment, have an impact on increasing poverty rates in the short and long term, and have an impact on declining economic growth in the short term, but slowly economic growth returns to the balance point. Furthermore, the shock to poverty also has an impact on increasing unemployment in the short term, but slowly leads to a point of convergence in the long run. It is better to make economic growth decrease in the short term, but slowly towards the point of balance in the long run.


Author(s):  
John S. Dryzek ◽  
Richard B. Norgaard ◽  
David Schlosberg

The costs of climate change, like the proverbial “death and taxes,” are inevitable, though not entirely fixed or predictable in terms of when they arrive. Humanity has some control over the specifics. As with taxes, different people will be suffering different levels—though when it comes to climate change, the damage can fall most heavily on those least able to bear it. In addition, the costs of inaction will mostly be borne by today’s young people and their children and grandchildren. Thus moral issues arise concerning how the burdens of action should be shared. Many climate scientists see the costs of inaction as very likely immense, making inaction a foolhardy gamble that must be avoided. Many economists, by contrast, are still arguing over how to compute the net benefits of doing anything versus doing nothing. We surveyed the dimensions of the likely damage due to climate change as identified by scientists in Chapter 2. In this chapter our concern is not with the actual content of the damage, but rather with how to put a value on it, and what this implies for the character and magnitude of actions that should be taken. When the costs of inaction are clearly greater than the costs of action, basic economic logic would seem to dictate that action should be taken. Humanity will inevitably bear some mix of the costs of mitigating climate change (especially by reducing emissions), adapting to change, and living with consequences that are not avoided. Doing nothing to mitigate, as has largely been the case so far, results in the costs of inaction we will emphasize in this chapter. If inaction continues, the science tells us that the risks are huge—eventually the future of humanity and all of life as we know it are at stake. No economists advocate driving humanity to ruin, but many seem willing to gamble with that possibility in exchange for the benefits of faster economic development through continuing exploitation of fossil fuels in both the short and long term.


2017 ◽  
Vol 50 (1) ◽  
pp. 269-287
Author(s):  
Robert Ciborowski

Abstract ‘Creative destruction’ is one of the most important analytical tools, taking into consideration both the economic and sociological characteristics of capitalist society. According to Schumpeter, in the long term, evolution gives rise to economic development resulting from batches of innovative solutions, leading to improvements in the standard of living. The innovation activity of firms is based on supply-side factors, hence it is large enterprises that excel in innovation since they strive to achieve a monopoly market position and above-average profits. Schumpeter attempts to combine two elements: the spread of monopolies and the continuation of economic development, both occurring through innovation, which is far more important than price competition. The Schumpeterian ‘creative destruction’ permeates the main aspects of macroeconomic activity, not only in the long term, but also in the area of economic fluctuations, structural changes, or the functioning of markets. As a result, it becomes a factor determining changes in the economic order. The purpose of this paper is to analyse the role of territories in the process of creating and using knowledge and its impact on the economic efficiency of the companies which function within their boundaries. Regional cooperation increases the involvement of business entities in innovation activities, which translates into higher competitiveness of firms. Moreover, the awareness of the necessity of cooperation and use of innovation capital tends to grow.


2018 ◽  
Vol 8 (4) ◽  
pp. 125
Author(s):  
Nguyen Van Huong ◽  
Dang Quy Duong ◽  
Do Thi Thu Thuy

Research on human resources, foreign direct investment and economic development are important issues in assessing the effectiveness of employment as well as attracting foreign direct investment (FDI) in the economy. In this study, the author analyzes the impact of human resource factors and FDI on economic growth in Vietnam from 1990 to 2017. By regression analysis based on the ARDL model, the result shows FDI has only a positive effect on economic growth in the short term but has the opposite effect in the long term. At the same time, unemployment rates have the opposite effect on economic growth in the short term. Average life expectancy does not affect economic growth in both the short and long term. From this result, the author also offers some suggestions for economic development in both the short and long term.


2014 ◽  
Vol 6 (1) ◽  
pp. 72-96 ◽  
Author(s):  
Manoj Joshi ◽  
Apoorva Srivastava

Purpose – The case aims to deal with multi generation entrepreneurship. Families are about people and businesses are about money, therefore, conflict between the two is inevitable. Family-owned businesses develop competitive edges when they align values, vision, strategy, investment and governance to make both family and business activities more professional and mutually supportive. It is a belief that “treating the business like a family”, driven by values and concern for human needs, creates an organization with motivated people working together to create long-term value. Jitesh Ghai is the MD of Panchamrit Asbestos Ltd (PAL), which stands for PAL. Jitesh has an “experiential learning” with the cement sheet business and has understood the nuances of the business. It is supposedly required that PAL ought to professionalize owing to market infeasibility. Shashwat, his son has diversified interests and therefore desires to spin-off to “Big Apple”. Design/methodology/approach – The case is based on research and secondary information, which has been tested several times, while filling the case gaps during the process. To authenticate information, multiple sources (vendors and customers) of information have been used. Findings – There is a dilemma between the father-son relationship and decision to professionalise or spin-off! It is understood that in multigenerational business, it is not necessary that the subsequent generation keep the same business, but must preserve wealth and traditions. Research limitations/implications – The findings are based on observations on one organisation and research carried through secondary sources, which may limit to theory building. Practical implications – An enterprise largely competes on the basis of available talent, knowledge, competency and capability. Therefore, knowledge must be managed. For survival and growth, business transition must be handled effectively. Originality/value – The case is original with the business family in its second generation striving to survive.


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