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Topic Review
Leadership
Leadership is both a research area and a practical skill encompassing the ability of an individual or organization to "lead" or guide other individuals, teams, or entire organizations. Specialist literature debates various viewpoints, contrasting Eastern and Western approaches to leadership, and also (within the West) United States versus European approaches. U.S. academic environments define leadership as "a process of social influence in which a person can enlist the aid and support of others in the accomplishment of a common task". Leadership seen from a European and non-academic perspective encompasses a view of a leader who can be moved not only by communitarian goals but also, as the European researcher Daniele Trevisani sugggests, by the search for personal power. Studies of leadership have produced theories involving traits, situational interaction, function, behavior, power, vision and values, charisma, and intelligence, among others.
  • 2.9K
  • 21 Nov 2022
Topic Review
Inventory Information Approval System
The Inventory Information Approval System, or IIAS, is a point-of-sale technology used by retailers that accept FSA debit cards, which are issued for use with medical flexible spending accounts (FSAs), health reimbursement accounts (HRAs), and some health savings accounts (HSAs) in the United States. By the end of 2007, all grocery stores, discount stores, and online pharmacies that accept FSA debit cards must have an IIAS; by the end of 2008, most pharmacies have an IIAS as well. The predecessor to the current IIAS was developed by the online retailer drugstore.com for its "FSA store" in 2005; it was first introduced to brick-and-mortar retailing by Walgreens in 2006. Wal-Mart became the first discounter with an IIAS in late 2006.
  • 306
  • 21 Nov 2022
Topic Review
Bricks and Clicks
Bricks and clicks (aka clicks and bricks; click and mortar; bricks, clicks and flips; Womble Store Method (WSM); or WAMBAM ('Web Application Meets Bricks and Mortar') is a jargon term for a business model by which a company integrates both offline (bricks) and online (clicks) presences, sometimes with the third extra flips (physical catalogs). Additionally, many will also offer telephone ordering and mobile phone apps, or at least provide telephone sales support. The advent of mobile web has made businesses operating bricks and clicks businesses especially popular, because it means customers can do tasks like shopping when they have spare time and do not have to be at a computer. Many of these users prefer to use mobile shopping sites. A popular example of the bricks and clicks model is when a chain of stores allows the customer to order products either online or physically in one of their stores, also allowing them to either pick-up their order directly at a local branch of the store or get it delivered to their home. There are many alternative combinations of this model. The success of the model in many sectors has lessened the credibility of some analysts who argued that the Internet would render traditional retailers obsolete through disintermediation.
  • 974
  • 21 Nov 2022
Topic Review
Economics of Land Degradation Initiative
The Economics of Land Degradation (ELD) Initiative is a global initiative which aims to increase awareness of the benefits of sustainable land management and economic consequences of land degradation. The ELD Initiative was co-founded in 2011 by the Secretariat of the United Nations Convention to Combat Desertification (UNCCD), the German Federal Ministry for Economic Cooperation and Development (BMZ), the European Commission (EC) and is hosted by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. The ELD Secretariat is based in Bonn, Germany. The ELD Initiative is focused on developing globally relevant data and methodology on the economic benefits of land and land based ecosystems for decision-makers. This way, the Initiative highlights the benefits of adopting sustainable land management practices and seeks to establish a global approach to conducting economic analyses of land management. Moreover, the ELD Initiative provides a platform for discussion between stakeholders from the policy, science and private sectors, as well as a Knowledge Hub providing a database of educational materials, related knowledge and access to a broad range of scientific and policy publications.
  • 367
  • 21 Nov 2022
Topic Review
Quality (Business)
In business, engineering, and manufacturing, quality – or high quality – has a pragmatic interpretation as the non-inferiority or superiority of something (goods or services); it is also defined as being suitable for the intended purpose (fitness for purpose) while satisfying customer expectations. Quality is a perceptual, conditional, and somewhat subjective attribute and may be understood differently by different people. Consumers may focus on the specification quality of a product/service, or how it compares to competitors in the marketplace. Producers might measure the conformance quality, or degree to which the product/service was produced correctly. Support personnel may measure quality in the degree that a product is reliable, maintainable, or sustainable. In such ways, the subjectivity of quality is rendered objective via operational definitions and measured with metrics such as proxy measures.
  • 994
  • 21 Nov 2022
Topic Review
Farmshoring
Farmshoring is the shifting of employment from abroad into rural communities across the United States. It is conceptually similar to onshoring (also referred to as domestic outsourcing) which can be defined as "the act of transferring some of a company's recurring interval activities and decision rights to outside providers, as set in a contract". Farmshoring refers to a specific variety of outsourcing where, as well as services being sourced outside of the contracting company, they are outsourced from urban to rural locations.
  • 440
  • 21 Nov 2022
Topic Review
Waterway Cargo Transportation
Water transportation is an important part of comprehensive transportation and plays a critical role in a country’s economic development. The world’s cargo transportation is dominated by waterway transportation, and maritime transportation Systems (MTS) are the main part of the waterway transportation system. The flow of goods plays a key role in the economic development of the ports along the route. The sustainable development of maritime transportation, the maritime transportation economy and the environment have great practical significance.
  • 1.9K
  • 21 Nov 2022
Topic Review
Compensation Methods
Compensation methods (remuneration), are pricing models and business models used for the different types of Internet marketing, including affiliate marketing, contextual advertising, search engine marketing (including vertical comparison shopping search engines and local search engines) and display advertising.
  • 1.1K
  • 21 Nov 2022
Topic Review
Progressive Utilization Theory
Progressive Utilization Theory (PROUT) is a socioeconomic and political theory created by the Indian philosopher and spiritual leader Prabhat Ranjan Sarkar. Sarkar conceived of PROUT in 1959. Supporters of PROUT (Proutists) claim that the theory exposes and overcomes the limitations of both capitalism and communism. It aims to be economically progressive and improve social development. The theory is in line with Sarkar's Neohumanist values which aim to provide "proper care" to every being on the planet, including humans, animals and plants.
  • 374
  • 20 Nov 2022
Topic Review
Medical Underwriting
Medical underwriting is a health insurance term referring to the use of medical or health information in the evaluation of an applicant for coverage, typically for life or health insurance. As part of the underwriting process, an individual's health information may be used in making two decisions: whether to offer or deny coverage and what premium rate to set for the policy. The two most common methods of medical underwriting are known as moratorium underwriting, a relatively simple process, and full medical underwriting, a more indepth analysis of a client's health information. The use of medical underwriting may be restricted by law in certain insurance markets. If allowed, the criteria used should be objective, clearly related to the likely cost of providing coverage, practical to administer, consistent with applicable law, and designed to protect the long-term viability of the insurance system. It is the process in which an underwriter considers the health conditions of the person who is applying for the insurance, keeping in mind certain factors like health condition, age, nature of work, and geographical zone. After looking at all the factors, an underwriter suggests whether a policy should be given to the person and at what price, or premium.
  • 244
  • 18 Nov 2022
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