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Topic Review
Sustainable Entrepreneurial and Social Networking
Some entrepreneurs are taking the concept of entrepreneurship as a process of introducing good quality new products and services to customers for fulfilling their needs and requirements. However, the concept has transformed to green entrepreneurship and has been associated deeply with the green economy. The businesses are also changing with the changing global environment and are concentrating more towards sustainability and ecological issues. The drastic digitalization has resulted in many changes regarding green entrepreneurship, the social media has been recognized as the most significant source of exchanging information. The social networking sites has become a key source of leveraging current and viable information. Especially, social networking sites and channels are more influential and useful in providing quick and reliable information during the crisis and disasters. The establishment of social media channels and social networking sites as an effect media has also resulted in a great focus on environmental issues, as well as assurance of a better-quality environment through creating awareness among people.
  • 796
  • 17 Aug 2021
Topic Review
Emotional Advertising
The correlation and perception of advertising on adolescents have been shown to be a key factor in the survival of subjective emotional states, as emotions are evaluation patterns that influence consumer behaviour.
  • 793
  • 26 Oct 2020
Topic Review
Proactive Contracting
Proactive Contracting is akin to Proactive Law and focuses on the same properties, namely to prevent problems and promote relationships. The legal area of research developed in Scandinavia in the 1990s and has gradually gained attention. Proactive Contracting deals with Contract Management, Relational Management, Risk Management and Business Process Management. The word proactive is the opposition to reactive and refers to acting in anticipation of future problems, needs, or changes. A survey conducted by IACCM shows that businesses urge a paradigm shift in contracting, favoring a more relational approach. Thus, the focus of future contracting becomes more relational. Businesses may therefore face increased complexity as trading is done not only across physical boundaries, but also across religious, cultural, and ethical boundaries. The IACCM survey has underpinned the need for re-thinking contracts and the approach to business relationships, as international, and long relationships, make it hard to draft and agree upon every single event that might occur in the future. Proactive Contracting is moving away from the path of responding to these complex relationships with complex contracts. However, as it is hard to imagine realistic alternatives to contracts, Proactive Contracting suggest businesses to change perception of contracts to meet the needs of the future. Add to this the increased complexity of products due to technological evolution and it becomes clear that businesses need to actively deal with the danger of increasing complexity and uncertainty. In fact, a survey conducted by IBM Corporation revealed that 79% of Chief Executive Officers (CEOs) see increased global complexity as a major challenge over the coming years. As the legal framework increases in complexity, it becomes apparent that there is a need for creating certainty in order to support future trading. Businesses need to manage this complexity in order to avoid unnecessary losses, but also in order to exploit all the possibilities deriving from global interaction. Empirical studies on contracting capabilities and research on dynamic capabilities have shown that promoting proactive behavior in businesses is a key in the quest of future success. As globalization increases, sustainability and certainty become more urgent, resulting in decentralization of the traditional legal environment. The reason for this decentralization is that the traditional legal environment does not fulfill the task of creating the certainty and sustainability that businesses need in order to prosper. After the launch of the United Nations Decade of Education for Sustainable Development, mechanisms have evolved through which future development is achieved. According to these mechanisms, a sound development must be focusing on ethically acceptable, morally fair and economically sound processes. Management tools for global value chains have already been developed, and focus is especially on self- and private regulation instruments and standards - this is where proactive contracting and proactive law is coming to the fore.
  • 792
  • 08 Nov 2022
Topic Review
Blockchain Technology in Local Food Supply Chain
Blockchain is a promising technology for a transparent supply chain of food. However, many barriers and challenges still exist that hinder its wider popularity among farmers and food supply systems. The blockchain technology will show if and how governmental and private efforts could address these challenges to establish blockchain technology as a secure, reliable, and transparent way to ensure food safety and integrity.
  • 791
  • 22 Jun 2022
Topic Review Peer Reviewed
Sharing Economy
Sharing economy is a new type of economic performance with its main characteristic being the sharing among peers. This can be regarded as a new economical approach with the individuals sharing their remainder resources. In this way, there is less need for the possession of resources leading to a decrease in redundant production. However, many implications arise from this type of economy.
  • 791
  • 08 Jul 2022
Topic Review
Renewable Energy and Economic Growth
The clean development mechanism entails a vast deployment of renewable energy technologies to enhance sustainable development. Energy security is quickly becoming a reality as various renewable energy supplies are exploited because of their potential for mitigating GHG emissions. As part of the UNFCCC (United Nations Framework Convention on Climate Change), the Kyoto Protocol incorporates the idea of a “clean development framework”. Developed nations would contribute to emission reduction measures, which would then fund renewable energy programs in the developing world. Increasing the usage of green technology and renewable energy sources can help address this problem. However, mass sustainable energy development faces a few obstacles, including unpredictability, input–output cost analysis, higher manufacturing costs, and a lack of knowledge and financial resources. Renewable energy sources are critical to a country’s overall growth. Developing countries must increase their reliance on renewable energy sources.
  • 790
  • 13 Sep 2022
Topic Review
Prediction of Penalties or Compensation Payments in Companies
Corporate misconduct is a huge and widespread problem in the economy. Many companies make mistakes that result in them having to pay penalties or compensation to other businesses. Some of these cases are so serious that they take a toll on a company’s financial condition. Several algorithms were to create and evaluate which can predict whether a company will have to pay a penalty and to discover what financial indicators may signal it.
  • 790
  • 27 Jun 2022
Topic Review
Market Risk Measures of Energy Companies
Companies in the energy sector, due to their important role in the economy and the specificity of energy sources, are exposed to many types of risk, ranging from the risk associated with the company’s operations and the global economic and political situation in the world. Energy companies are usually large capital companies whose shares are listed on the stock market. The mentioned risk factors may shape the risk level of these companies. 
  • 788
  • 28 Mar 2022
Topic Review
Insights from Circular Economy Literature
The circular economy (CE) has become one of the prominent topics in both natural science and management literature over the last few decades. CE is a dual-loop regenerative system that focuses on the effective and efficient utilization of resources in the ecosystem, which is beneficial to environmental and economic performance optimization. Dual CE initiatives allow firms to increased resource eco-efficiency, as well as resource effectiveness. 
  • 787
  • 20 Feb 2021
Topic Review
Sustainable Product Innovation Based on Triple Bottom Line
Sustainable product innovation is essential for the realisation of sustainability through sustainable consumption. From the managerial perspective, sustainable products and service development require interdisciplinary knowledge, and the measurement of the environmental and socio-economic performance are significant indications for decision-making, ecolabelling scheme, marketing, etc. Therefore, incorporating the sustainability know-how with the knowledge of life-cycle thinking and LCM, to facilitate co-creation with engineers and value chain actors to develop circular economy business models is necessary. Furthermore, utilising a sustainable product and service innovation framework, such as Sustainable Product Development and Service (SPDS) approach, can be the groundwork for integrating businesses’ sustainability efforts based on the product life cycle. With the integration of Omni-channel marketing methods, the communication of sustainability information of products and services can also improve the consumer experience and empower customers to become loyal brand advocators, creating a positive circularity toward sustainable business.
  • 787
  • 22 Jul 2022
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