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Topic Review
Critical Incident Technique
The Critical Incident Technique (or CIT) is a set of procedures used for collecting direct observations of human behavior that have critical significance and meet methodically defined criteria. These observations are then kept track of as incidents, which are then used to solve practical problems and develop broad psychological principles. A critical incident can be described as one that makes a contribution—either positively or negatively—to an activity or phenomenon. Critical incidents can be gathered in various ways, but typically respondents are asked to tell a story about an experience they have had. CIT is a flexible method that usually relies on five major areas. The first is determining and reviewing the incident, then fact-finding, which involves collecting the details of the incident from the participants. When all of the facts are collected, the next step is to identify the issues. Afterwards a decision can be made on how to resolve the issues based on various possible solutions. The final and most important aspect is the evaluation, which will determine if the solution that was selected will solve the root cause of the situation and will cause no further problems.
  • 1.2K
  • 01 Nov 2022
Topic Review
Alpha Indexes
Nasdaq OMX Alpha Indexes measure the relative performance of an underlying stock or exchange-traded fund (ETF) against another benchmark ETF using a proprietary calculation. The first component in the index is the “Target Component”, such as Apple (AAPL), and the second component is identified as a “Benchmark Component”, such as the S&P 500 ETF (SPY). The Nasdaq OMX Alpha Indexes were developed by Jacob S. Sagi and Robert E. Whaley, both professors at the Owen Graduate School of Management, Vanderbilt University. They published a research paper “Trading Relative Performance with Alpha Indexes” in the November/ December 2011 issue of Financial Analysts Journal detailing the concept behind Alpha Indexes. Nasdaq OMX launched the live calculation and dissemination of Alpha Indexes on October 11, 2010. The Alpha Indexes were set at 100.00 as of January 1, 2010. Thus each disseminated index depicts a target component’s return performance versus its benchmark since January 1, 2010. For example, the Alpha Index for AAPL with SPY as the benchmark, which trades under the symbol AVSPY, had a level of 199.91 on 11/09/12. This means that over the period between 1/1/2010 until 11/09/2012 an investment in AAPL outperformed an investment in SPY by +99.91%
  • 1.2K
  • 14 Oct 2022
Topic Review
Promoting Sustainability through Regional Food and Wine Pairing
Sustainable development has been growingly recognized as important in the scope of tourism and hospitality industry practices. Gastronomic tourism associated with regional food-and wine pairing helps the emerging of higher quality services and contributes to the sustainability of tourist destinations.
  • 1.2K
  • 17 Jan 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".
  • 1.2K
  • 02 Dec 2022
Topic Review
Conference Tourism in the Post-COVID-19 Era
As is widely known, the COVID-19 pandemic has affected tourism and related activities globally. Due to the restrictive measures implemented for gatherings and movements in order to limit the spread of the virus, conferences and conference tourism received a strong shock since the majority of them were canceled or postponed. 
  • 1.2K
  • 14 Dec 2023
Topic Review
Internet Booking Engine
An Internet booking engine (IBE) is a website that allows consumers and travel agents to book flights, hotels, holiday packages, insurance and other services online.
  • 1.2K
  • 16 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.
  • 1.1K
  • 11 Oct 2022
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.
  • 1.1K
  • 08 Nov 2022
Topic Review
Modeling of Business Intelligence Systems using Potential Determinants and Theories
Race towards industry 4.0 increases the hyper competition and puts pressure on organizations to integrate the advanced technologies. Business intelligence system (BIS) is one of the top prioritized technologies that attracted the significant attention of policy-makers and industry experts due to its ability to provide more informed and intelligent knowledge for decision-making processes. It is evident by literature that organizations and industries are prone to integrate the BIS at large scale, but more than 70% BIS projects fail to give the expected results. Hence, it is pertinent to explore the significant determinants that influence the BIS adoption and acceptance in organizations. Although previous literature did not have any comprehensive review relevant to the individual, technological, organizational, and environmental determinants. Therefore, the current study tries to narrow this gap by a systematic literature review (SLR) of 84 studies that were published during the period of 2011–2020. A total of 93 determinants are identified based on content analysis by using text mining techniques of Yoshikoder and human coding skills. The identified determinants are ranked according to their frequency of use. A theoretical framework has been developed with potential determinants and theories. The study results will enrich the recent BIS literature and improve the understanding of practitioners’ decision-making processes to leverage maximum value from the adoption of BIS.
  • 1.1K
  • 28 Oct 2020
Topic Review
China Labor Watch
China Labor Watch (CLW) is a New York City , New York-based non-government organization founded by labor activist Li Qiang in October 2000. Its mission is the defense of workers' rights in China . Through research, advocacy and legal assistance, CLW seeks to help China's workers become more informed of their rights and more empowered to realize those rights within their communities.
  • 1.1K
  • 04 Nov 2022
Topic Review
Stoozing
Stoozing is the act of borrowing money at an interest rate of 0%, a rate typically offered by credit card companies as an incentive for new customers. The money is then placed in a high interest bank account to make a profit from the interest earned. The borrower (or "stoozer") then pays the money back before the 0% period ends. The borrower does not typically have a real debt to service, but instead uses the money loaned to them to earn interest. Stoozing can also be viewed as a form of arbitrage.
  • 1.1K
  • 23 Nov 2022
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.
  • 1.1K
  • 20 Oct 2022
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.
  • 1.1K
  • 27 Oct 2022
Topic Review
Collar
In finance, a collar is an option strategy that limits the range of possible positive or negative returns on an underlying to a specific range. A collar strategy is used as one of the ways to hedge against possible losses and it represents long put options financed with short call options. The collar combines the strategies of the protective put and the covered call.
  • 1.1K
  • 24 Nov 2022
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.
  • 1.1K
  • 16 Jun 2022
Topic Review
Profit Model
The profit model is the linear, deterministic algebraic model used implicitly by most cost accountants. Starting with, profit equals sales minus costs, it provides a structure for modeling cost elements such as materials, losses, multi-products, learning, depreciation etc. It provides a mutable conceptual base for spreadsheet modelers. This enables them to run deterministic simulations or 'what if' modelling to see the impact of price, cost or quantity changes on profitability.
  • 1.1K
  • 19 Oct 2022
Topic Review
Sustainable Food Waste Management Practices
Although food waste management has been significant for all stakeholders from all industries globally, research in hospitality food waste management and practices still needs to be further studied, especially in five-star hotels in developing countries. Using the Food Waste Hierarchy, this research proposes to contribute to the knowledge of sustainable food waste management and practices in five medium and large five-star hotels to promote the United Nations Sustainable Development Goals (SDGs).
  • 1.1K
  • 19 Sep 2023
Topic Review
HEIs, Latin America Circular Economy
HEIs (Higher Education Institutions ) are main actors in the economic development and innovative potential of regions, but now and an increasing number of additional roles are expected. HEIs, as institutional actors, are enablers of social, economic, and cultural development, and sustainability. HEIs can foster collaboration between actors and catalyze public awareness and engagement in CE practices.
  • 1.1K
  • 13 Sep 2021
Topic Review
Metaverse to Address the Vulnerability of Overtourism
Overtourism has become a critical problem in many popular destinations around the world, leading to negative impacts on the environment, local communities, and the quality of the visitor experience. 
  • 1.1K
  • 20 Jun 2023
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
  • 1.1K
  • 02 Dec 2022
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