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Topic Review
Biography
Topic Review
Black Sea Trade and Economy
The Black Sea trade and economy provide an integral part in the connection between Asia and Europe. In addition to sea ports and fishing, key activities include hydrocarbons exploration for oil and natural gas, and tourism. According to NATO, the Black sea is a strategic corridor that provides smuggling channels for moving legal and illegal goods including drugs, radioactive materials, and counterfeit goods that can be used to finance terrorism.
927
14 Oct 2022
Topic Review
Behavioral Strategy
Behavioral strategy strategy refers to the application of insights from psychology and behavioral economics to the research and practice of strategic management. In one definition of the field, “Behavioral strategy merges cognitive and social psychology with strategic management theory and practice. Behavioral strategy aims to bring realistic assumptions about human cognition, emotions, and social behavior to the strategic management of organizations and, thereby, to enrich strategy theory, empirical research, and real-world practice” (Powell, Lovallo & Fox, 2011: 1371).
1.9K
14 Oct 2022
Topic Review
List of Countries by Wealth Equality
This is a list of countries by distribution of wealth, including Gini coefficients. Wealth distribution can vary greatly from income distribution in a country (see List of countries by income equality). Higher Gini coefficients signify greater inequality in wealth distribution, with 0 being complete equality, whereas a value near 1 can arise in a situation where everybody has zero wealth except a very small minority. It is a common misconception that Scandinavian countries have low wealth inequality. This is not true. These countries have low income inequality, meaning that the income is relatively equal for everyone. However, their wealth inequality is very high, meaning that a small minority of the people owns the vast majority of wealth.
721
14 Oct 2022
Topic Review
Extended Work Availability
Extended work availability (EWA) captures the experience of an employee who needs to be available for job demands during nonworking hours. It is a ubiquitous phenomenon because of the prevalent use of information and communication technology (ICT) such as mobile devices and internet services for work purposes. Valuable knowledge on this topic has emerged from at least two types of study. First, technology-oriented research usually stresses the role of the latest technologies adopted in the workplace. By facilitating the adoption of these technologies in the workplace, managers might help employees to decrease their working time, especially beyond normal business hours. Second, management-oriented research tends to emphasize the role of managerial strategies managers take in the workplace.
432
14 Oct 2022
Topic Review
Electronic Trading
Electronic or scripless trading, sometimes called e-trading or paperless trading is a method of trading securities (such as stocks, and bonds), foreign exchange or financial derivatives electronically. Information technology is used to bring together buyers and sellers through an electronic trading platform and network to create virtual market places. They can include various exchange-based systems, such as NASDAQ, NYSE Arca and Globex, as well as other types of trading platforms, such as electronic communication networks (ECNs), alternative trading systems, crossing networks and "dark pools". Electronic trading is rapidly replacing human trading in global securities markets. Electronic trading is in contrast to older floor trading and phone trading and has a number of advantages, but glitches and cancelled trades do still occur.
3.6K
14 Oct 2022
Topic Review
Global South
The Global South is a term often used to identify lower-income countries on one side of the so-called global North–South divide, the other side being the countries of the Global North. As such the term does not inherently refer to a geographical south; for example, most of the Global South is actually within the Northern Hemisphere. The term, as used by governmental and development organizations, was first introduced as a more open and value free alternative to "Third World" and similar potentially "valuing" terms like developing countries. Countries of the Global South have been described as newly industrialized or in the process of industrializing and frequently have a history of colonialism by Northern, often European, states. The countries of Brazil, China, India, Indonesia, and Mexico have the largest populations and economies among Southern states. The overwhelming majority of these countries are located in or near the tropics.
12.6K
14 Oct 2022
Topic Review
Geographical Indication
A geographical indication (GI) is a name or sign used on products which corresponds to a specific geographical location or origin (e.g., a town, region, or country). The use of a geographical indication, as an indication of the product's source, acts as a certification that the product possesses certain qualities, is made according to traditional methods, or enjoys a good reputation due to its geographical origin. Appellation d'origine contrôlée ('Appellation of origin') is a sub-type of geographical indication where quality, method, and reputation of a product originate from a strictly defined area specified in its intellectual property right registration.
468
14 Oct 2022
Topic Review
Technology Strategy
Technology strategy (information technology strategy or IT strategy) is the overall plan which consists of objectives, principles and tactics relating to use of technologies within a particular organization. Such strategies primarily focus on the technologies themselves and in some cases the people who directly manage those technologies. The strategy can be implied from the organization's behaviors towards technology decisions, and may be written down in a document. The strategy includes the formal vision that guide the acquisition, allocation, and management of IT resources so it can help fulfill the organizational objectives. Other generations of technology-related strategies primarily focus on: the efficiency of the company's spending on technology; how people, for example the organization's customers and employees, exploit technologies in ways that create value for the organization; on the full integration of technology-related decisions with the company's strategies and operating plans, such that no separate technology strategy exists other than the de facto strategic principle that the organization does not need or have a discrete 'technology strategy'. A technology strategy has traditionally been expressed in a document that explains how technology should be utilized as part of an organization's overall corporate strategy and each business strategy. In the case of IT, the strategy is usually formulated by a group of representatives from both the business and from IT. Often the Information Technology Strategy is led by an organization's Chief Technology Officer (CTO) or equivalent. Accountability varies for an organization's strategies for other classes of technology. Although many companies write an overall business plan each year, a technology strategy may cover developments somewhere between 3 and 5 years into the future. The United States identified the need to implement a technology strategy in order to restore the country's competitive edge. In 1983 Project Socrates, a US Defense Intelligence Agency program, was established to develop a national technology strategy policy.
743
14 Oct 2022
Topic Review
Renewable and Non-Renewable Energy Consumption for Economics
Balancing of different dimensions of development—economic, environmental, social, is an imperative of policies and strategies of sustainable growth, which are practiced today in the EU and globally. A 1% increase in the share of renewable (REC) and information and communication technology (ICT) in total exports leads to GDP p.c. growth in the long run by 0.151% and 0.168% in old EU countries, i.e., 0.067% and 0.039% in new EU countries, respectively. Contrary, an increase of non-renewable energy consumption (NREC) by 1% has a significant and negative impact on GDP p.c. in the long run, in both groups, leading to a decrease of economic growth by 0.512% in the old and 1.306% in the new EU group.
887
14 Oct 2022
Topic Review
Bank Diversification and Firm Investment Decisions
Firms are financially constrained as well as there being a positive relationship between cash flow and investment among listed firms. Additionally, bank diversification significantly reduces the investment-cash flow sensitivity of firms, suggesting that bank diversification mitigates the financial constraints to borrowing firms. Moreover, the multi-diversification of a bank compared to single-diversification will have greater impact on mitigating the firms’ financial constraints on investment. Thus, bank diversification strategies are proposed in a bank-based financial system, leading to the easing of the borrowing firms’ financial constraints to investments.
1.7K
14 Oct 2022
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