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Topic Review
Digital Strategy
Digital Strategy is a plan that uses digital resources to achieve one or more objectives. With technology changing at a very fast pace, Institutions have many digital resources to choose from based on what their overall goal is. Typically a plan that helps businesses, institutions, and brands, etc transform its course of action, operations, and activities, etc into digital nature to market their products, Analyse their consumer transactions or reduce operating cost, etc will be the digital strategy for that business, institution or brand. For e.g. brands at one point of time used print media advertisements for promoting its offers but now with the help of technology, social media is being used aggressively by brands to communicate their offerings to their respective consumers. 2019 was the first year in the history of humankind that witnessed brands. total advertising spent on social media crossed over the brand's total advertising spent on print media.
  • 727
  • 27 Oct 2022
Topic Review
Sustainable Color Cosmetics Packaging
In spite of the significant progress towards sustainable cosmetics, mass-produced sustainable packaging has proven to be a challenge. The complexity of environmental, economic, social, technological, and policy considerations in conjunction with varying consumer behaviors and corporate goals can make it difficult to select an optimal strategy across heterogeneous supply chain components spread over the globe, and the cost and effort of developing, testing, and validating alternative strategies discourages empirical exploration of potential alternatives.
  • 705
  • 13 Oct 2023
Topic Review
Double Auction
A double auction is a process of buying and selling goods when potential buyers submit their bids and potential sellers simultaneously submit their ask prices to an auctioneer, and then an auctioneer chooses some price p that clears the market: all the sellers who asked less than p sell and all buyers who bid more than p buy at this price p. Buyers and sellers that bid or ask for exactly p are also included. As well as their direct interest, double auctions are reminiscent of Walrasian auction and have been used as a tool to study the determination of prices in ordinary markets. A simple example of a double auction is a bilateral trade scenario, in which there is a single seller who values his product as S (e.g. the cost of producing the product), and a single buyer who values that product as B.
  • 701
  • 08 Nov 2022
Topic Review
GamersGate
GamersGate AB (formerly Gamer's Gate) is a Sweden-based online video game store offering electronic strategy guides and games for Windows, OS X, and Linux via direct download. It is a competitor to online video game services such as Steam, GOG.com, Direct2Drive, and Impulse. GamersGate sells games for over 250 publishers and developers, including Electronic Arts, Atari, Bethesda Softworks, 2K Games, Ubisoft, SEGA, Capcom, Paradox Interactive and Epic Games as well as smaller independent developers such as 2D Boy, Jonathan Blow and Amanita Design. (As of September 2014), there are over 6000 games available through GamersGate.
  • 700
  • 11 Oct 2022
Topic Review
Mudflation
Mudflation, from MUD and inflation, is an economic issue that exists in massively multiplayer online games. Mudflation occurs when future additions to (or even just continued operation of) a game causes previously acquired resources to decline in value. This can take many forms and have many causes, including new items introduced by an expansion pack, fundamental imbalances in the in-game economy, or even spread of information that allows a previously rare resource to be acquired more easily.
  • 684
  • 25 Oct 2022
Topic Review
Airports and Regional Economy in China
China is the second largest aviation country in the world. The Chinese aviation industry and economy both developed quickly in the last two decades. However, the interaction mechanisms of aviation and the regional economy were different in each province. Jiangsu was the most important province in the Yangtze River delta region. The GDP of Jiangsu ranked second in China, but air transportation didn't have the same leading position in the last decade.
  • 681
  • 22 Apr 2022
Topic Review
Conceptual Overview of Energy Security
In a dynamically changing socio-economic environment with significant technical and technological progress, the notion of energy security takes on a new, broader meaning. Modern literature presents a variety of operational definitions of energy security. Most authors dealing with the issue of energy security expose its different aspects while standing in opposition to competing concepts. As a result, literature that addresses the problems of energy policy is becoming a platform for debates on the essence of energy security and the applicability of its various approaches to individual situations. There is no unanimity among authors with regard to the theoretical framework or the components of this notion. However, the issue of diversity of views is quite typical in social sciences and should not be taken negatively. Despite this, and perhaps contrary to the definitional wealth, experts in the field of energy policy constantly stress the necessity and urgency of undertaking work on the conceptualization of energy security.
  • 676
  • 19 Sep 2023
Topic Review
Electronic Data Interchange
Electronic data interchange (EDI) is the concept of businesses electronically communicating information that was traditionally communicated on paper, such as purchase orders and invoices. Technical standards for EDI exist to facilitate parties transacting such instruments without having to make special arrangements. EDI has existed at least since the early 70s, and there are many EDI standards (including X12, EDIFACT, ODETTE, etc.), some of which address the needs of specific industries or regions. It also refers specifically to a family of standards. In 1996, the National Institute of Standards and Technology defined electronic data interchange as "the computer-to-computer interchange of strictly formatted messages that represent documents other than monetary instruments. EDI implies a sequence of messages between two parties, either of whom may serve as originator or recipient. The formatted data representing the documents may be transmitted from originator to recipient via telecommunications or physically transported on electronic storage media." It distinguished mere electronic communication or data exchange, specifying that "in EDI, the usual processing of received messages is by computer only. Human intervention in the processing of a received message is typically intended only for error conditions, for quality review, and for special situations. For example, the transmission of binary or textual data is not EDI as defined here unless the data are treated as one or more data elements of an EDI message and are not normally intended for human interpretation as part of on-line data processing." In short, EDI can be defined as the transfer of structured data, by agreed message standards, from one computer system to another without human intervention.
  • 674
  • 28 Sep 2022
Topic Review
The Village Fund Program in Indonesia
This study analyzes the Indonesian Village Fund (VF) Program by mapping each VF-related activity to all 17 SDGs (Sustainable Development Goals), and then determines an SDG-based VF allocation in 2018, 2019, and 2020. This study used data from all villages in Indonesia and is the most comprehensive study in Indonesia to address the knowledge gap between VF allocation and SDGs by analyzing the distribution of the use of the VF. The objectives of this paper are: (1) to provide the extent of VF usage to provide evidence on whether this utilization was aligned with the targeted SDGs, and (2) to provide information regarding village activities funded by the VF that were linked to each SDG. The results from this analysis can be used to encourage the Government to socialize and provide an understanding of SDGs to village leaders. Moreover, since Indonesia has developed Village SDGs, which are based on national SDG targets and localization of global SDGs to adapt to local culture as well as social and environmental conditions, it is recommended that other developing countries could formulate similar strategies to help achieve their national SDG targets and to develop rural areas in a more targeted way by prioritizing the most relevant issues. The study shares lessons learned from Indonesian experience in managing fiscal policy to more than 70,000 autonomous villages through the village fund program in the last five years. 
  • 670
  • 01 Dec 2021
Topic Review
Eco-innovation in Digital Business Services
Sustainability has played a crucial role in corporate strategic planning and investor relationships, reflecting government policies and consumer demands for more sustainable products, with lower carbon footprints. Companies’ abilities to raise funds, and finance their long-term development, depend on how they set Environmental, Social, and Corporate Governance (ESG) goals and restructure their processes to adhere to these. Digital business services (DBS) companies are among those recognizing the importance of climate change and the need to improve their eco-performance. The environmental dimension of ESG, examining eco-innovation related actions such as: ways to improve environmental performance of DBS in production and operation by managing resource use (energy, water), environmental preservation and greenhouse gas (GHG) emissions. This exploratory analysis of DBS companies’ current activities may be helpful for companies considering how their energy transition may be facilitated, for example, by financing renewable energy products and supply chain improvements aimed at reducing net-zero emissions and building future operational resilience.
  • 668
  • 16 Jun 2022
Topic Review
Four-day Week
A four-day week, or a compressed work schedule, is an arrangement where a workplace or school has its employees or students work or attend school over the course of four days per week rather than the more customary five. This arrangement can be a part of flexible working hours, and is sometimes used to cut costs, as seen in the example of the so-called "4/10 work week," where employees work a normal 40 hours across four days, i.e. a "four-ten" week. However, a four-day week can also be a fixed work schedule. More modest attempts to enact a 32-hour workweek (a four-day week and an eight-hour day combined) have remained elusive in the following 80 years despite pockets of residual support.
  • 662
  • 16 Nov 2022
Biography
Raul Krauthausen
Raúl Aguayo-Krauthausen (born 1980 in Lima, Peru) is a German disability rights activist. He studied Social and Economic Communication at the Berlin University of the Arts and Design Thinking at the HPI School of Design Thinking. He was awarded the Order of Merit of Germany and is an Ashoka Fellow. Krauthausen grew up in Berlin and attended one of the first inclusive schools as a child. He c
  • 662
  • 02 Dec 2022
Topic Review
Disclosure of Nonfinancial Information
Services in the financial sector are developing rapidly and are not necessarily provided only by traditional banks and financial companies. Many nonfinancial companies provide financial services, and this may open the sector to additional risk. In this context, the aspects of both financial and nonfinancial reporting are important and need to be taken into consideration as a whole to provide a complex picture of a particular institution.
  • 660
  • 26 Oct 2020
Topic Review
Credit CARD Act of 2009
The Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 is a federal statute passed by the United States Congress and signed by U.S. President Barack Obama on May 22, 2009. It is comprehensive credit card reform legislation that aims "...to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes." The bill was passed with bipartisan support by both the House of Representatives and the Senate.
  • 657
  • 20 Oct 2022
Topic Review
Management System (Open Source)
Management System (Open Source) is a socio-technical system that leverages the cumulative knowledge of management practitioners and evidenced based research from the past 130 years. The system was developed by DoD components in partnership with industry experts and academic researchers and builds off of the US Department of Wars version 1.0 open source management system - Training Within Industry. The system integrates the four organizational components of Product, Structure, Process and People. In addition, the system is based on the 4 capabilities of rapid problem solving underlying the Toyota Production System: Derived from the original research of Steven J. Spear (Harvard Business School, Massachusetts Institute for Technology), the system balances the two dimensions of high performing organizations: integrate the whole (product, structure, process & people); and increase the rate of problem solving to manage the whole (4 capabilities outlined above). Fundamentally, the system sets the standards of management by outlining a doctrine of rules, tactics, techniques, procedures & terms. The standards are intended to motivate change by creating a tension between the organization's "current condition" and the "ideal condition" (i.e. True North). The objective of the system is to deliver more value, in less time, at less cost relative to the competition (better, faster, cheaper). For the DoD, competition is defined by the threats posed by current and potential adversaries.
  • 653
  • 02 Oct 2022
Topic Review
Contract Management
Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees. Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution. It can be summarized as the process of systematically and efficiently managing contract creation, execution, and analysis for the purpose of maximizing financial and operational performance and minimizing risk. Common commercial contracts include purchase orders, sales invoices, utility contracts, letters of engagement for the appointment of consultants and professionals, and construction contracts. Complex contracts are often necessary for construction projects, goods or services that are highly regulated, goods or services with detailed technical specifications, intellectual property (IP) agreements, outsourcing and international trade. Most larger contracts require the effective use of contract management software to aid administration among multiple parties. A study published in 2007 found that for "42% of enterprises ... the top driver for improvements in the management of contracts [was] the pressure to better assess and mitigate risks" and additionally, "nearly 65% of enterprises report that contract lifecycle management (CLM) has improved exposure to financial and legal risk".
  • 645
  • 02 Dec 2022
Topic Review
Spoofing
Spoofing is a disruptive algorithmic trading activity employed by traders to outpace other market participants and to manipulate markets. Spoofers feign interest in trading futures, stocks and other products in financial markets creating an illusion of the demand and supply of the traded asset. In an order driven market, spoofers post a relatively large number of limit orders on one side of the limit order book to make other market participants believe that there is pressure to sell (limit orders are posted on the offer side of the book) or to buy (limit orders are posted on the bid side of the book) the asset. Spoofing may cause prices to change because the market interprets the one-sided pressure in the limit order book as a shift in the balance of the number of investors who wish to purchase or sell the asset, which causes prices to increase (more buyers than sellers) or prices to decline (more sellers than buyers). Spoofers bid or offer with intent to cancel before the orders are filled. The flurry of activity around the buy or sell orders is intended to attract other traders to induce a particular market reaction. Spoofing can be a factor in the rise and fall of the price of shares and can be very profitable to the spoofer who can time buying and selling based on this manipulation. Under the 2010 Dodd–Frank Act spoofing is defined as "the illegal practice of bidding or offering with intent to cancel before execution." Spoofing can be used with layering algorithms and front-running, activities which are also illegal. High-frequency trading, the primary form of algorithmic trading used in financial markets is very profitable as it deals in high volumes of transactions. The five-year delay in arresting the lone spoofer, Navinder Singh Sarao, accused of exacerbating the 2010 Flash Crash—one of the most turbulent periods in the history of financial markets—has placed the self-regulatory bodies such as the Commodity Futures Trading Commission (CFTC) and Chicago Mercantile Exchange & Chicago Board of Trade under scrutiny. The CME was described as being in a "massively conflicted" position as they make huge profits from the HFT and algorithmic trading.
  • 644
  • 22 Nov 2022
Topic Review
Societal Technological Megatrends
Researchers was to obtain an overview of the evolution of the research on the subject of technological megatrends from the perspective of interest, domains, geographical areas, sources, authors and cocitation networks, research clusters of countries, and cluster-related concepts.
  • 642
  • 19 Apr 2022
Topic Review
Social Entrepreneurship and Triple Bottom Line
Social entrepreneurship (SE) has gained prominence as a key segment of entrepreneurship. The unique mission and the market expectations are the key differences between social and commercial entrepreneurship. The concept of entrepreneurial orientation (EO) has grown increasingly important in the entrepreneurship context. 
  • 641
  • 19 Jun 2023
Topic Review
Digital Irrigated Agriculture
Entry on a new approach to decision modelling for ICT adoption in irrigated agriculture.
  • 640
  • 16 Nov 2020
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