scholarly journals MEMBANGUN PARADIGMA BARU HUKUM PERUSAHAAN DAN ETIKA KEWIRAUSAHAAN

2017 ◽  
Vol 11 (2) ◽  
Author(s):  
Wirazilmustaan Wirazilmustaan ◽  
Abdul Rasyid Saliman
Keyword(s):  
Corporate Culture ◽  
Free Market ◽  
Culture Conditions ◽  
Corporate Law ◽  
Business Culture ◽  
New Paradigm ◽  
Entrepreneurial Spirit ◽  
Doing Business ◽  
Time Construct ◽  
A Company

Curriculum of corporate law must be prepared to enter into the world of the industry with a very characteristic and distinctive, and the corporate law is not separated from the external business culture conditions develop. This means, the conditions of the external culture assumed already embedded in advance within the students, before they work in a company and then drift in the culture of the company. Because of its implication, build a new paradigm of curriculum into an absolute obligation to be met by faculty of law at this time. Construct curriculum based corporate law building the entrepreneurial spirit in faculty of law is the solution. The results showed that the revitalization of the new paradigm in developing corporate law should be immediately done. Where in the era of free market today many businessmen doing business without an understanding of corporate law and a strong corporate culture. The implications of this, the theories of corporate law, in the curriculum of lectures, also great for hindsight

PELANGGARAN ETIKA BISNIS

2018 ◽  
Vol 4 (2) ◽  
pp. 37-45
Author(s):  
Nurul Qomariyah
Keyword(s):  
Adverse Effects ◽  
Business Ethics ◽  
Business Development ◽  
Basic Knowledge ◽  
Economic Activities ◽  
Market Mechanisms ◽  
Business People ◽  
Doing Business ◽  
Moral Aspect ◽  
A Company

Violations of business ethics that occur at this time, become a problem in itself. One of the factors supporting the occurrence of these violations is due to lack of basic knowledge about business ethics and the freedom of business people in carrying out economic activities, as a result many business people are competing in improving market mechanisms, Business should be assessed from a moral standpoint, just like all other human activities also seen from a moral standpoint. Because when not looking at the moral aspect of doing business, business people only think about how to increase sales turnover, and not only increase turnover, but also do things that are not ethical, such as: bribery, corruption, collusion and nepotism, it makes people uneasy . Adverse effects that will occur if a company is immoral and enforces the norms that apply in business ethics then it can have an impact on consumers' distrust of their products and can complicate business development again. Key words : Violation, Bussines ethic, case

A Dialogue Between Business and Philosophy

2018 ◽  
Author(s):  
Bertrand Collomb ◽  
Susan Neiman
Keyword(s):  
Economic System ◽  
Good Life ◽  
Free Market ◽  
Limited Liability ◽  
The Good Life ◽  
Doing Business ◽  
Material Progress

Is there a way of doing business that can sustain material progress without displacing other values that are the essence of the good life? This chapter is a dialogue on this and related questions. Has the present economic system reversed the means–end relation between markets and life? What forms of reasoning and value might redress this? Given our growing awareness and relations, what responsibilities do we have toward people in other parts of the planet? Will enterprises face a sunset on the notion of limited liability? The chapter discusses the marketing economy’s manufacture of needs and the seeming overfinancialization of the economy. It concludes by proposing that if something is necessary to act morally, it is rational for us to believe in it. The spontaneous outcomes of the free market have to be evaluated against our societal goals, and the process reshaped via education and not only regulation.

scholarly journals Decentralized Prosumer-Centric P2P Electricity Market Coordination with Grid Security

Energies ◽  
2021 ◽  
Vol 14 (15) ◽  
pp. 4665
Author(s):  
Duarte Kazacos Winter ◽  
Rahul Khatri ◽  
Michael Schmidt
Keyword(s):  
Electricity Markets ◽  
Electricity Market ◽  
Power Flow ◽  
Power Plants ◽  
Optimal Power Flow ◽  
Free Market ◽  
Economic Value ◽  
New Paradigm ◽  
Grid Security ◽  
Virtual Power Plants

The increasing number of prosumers and the accompanying greater use of decentralised energy resources (DERs) bring new opportunities and challenges for the traditional electricity systems and the electricity markets. Microgrids, virtual power plants (VPPs), peer-to-peer (P2P) trading and federated power plants (FPPs) propose different schemes for prosumer coordination and have the potential of becoming the new paradigm of electricity market and power system operation. This paper proposes a P2P trading scheme for energy communities that negotiates power flows between participating prosumers with insufficient renewable power supply and prosumers with surplus supply in such a way that the community welfare is maximized while avoiding critical grid conditions. For this purpose, the proposed scheme is based on an Optimal Power Flow (OPF) problem with a Multi-Bilateral Economic Dispatch (MBED) formulation as an objective function. The solution is realized in a fully decentralized manner on the basis of the Relaxed Consensus + Innovations (RCI) algorithm. Network security is ensured by a tariff-based system organized by a network agent that makes use of product differentiation capabilities of the RCI algorithm. It is found that the proposed mechanism accurately finds and prevents hazardous network operations, such as over-voltage in grid buses, while successfully providing economic value to prosumers’ renewable generation within the scope of a P2P, free market.

scholarly journals Revisiting Doing Business in the Middle East

2009 ◽  
Vol 12 (1) ◽  
pp. 55-57
Author(s):  
David Desplaces ◽  
Nancy K. McIntyre
Keyword(s):  
Middle East ◽  
International Management ◽  
Cross Cultural ◽  
Cultural Conflict ◽  
Class Discussion ◽  
Bottom Line ◽  
Cultural Aspects ◽  
Doing Business ◽  
Team Environment ◽  
A Company

This case engages students on a number of issues common to doing business in other countries, specifically in the Middle East. It is intended to be a basis for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case seeks to integrate issues of international management and cross-cultural conflict and negotiation. Students are challenged to diagnose a cross-culturally sensitive situation and develop solutions in a team environment under limiting time restraints. This case is also designed to help students understand the cultural aspects of a situation and how different solutions could have major consequences on the bottom line of a company.

scholarly journals The Influence of MYOB Accounting Software on the Performance of Company Financial Report

2021 ◽  
Vol 1 (1) ◽  
pp. 75-84
Author(s):  
Emil Salim ◽  
Zefriyenni ◽  
Hanna Pratiwi ◽  
Fitri Yeni ◽  
Zerni Melmusi
Keyword(s):  
Financial Reporting ◽  
Integrated System ◽  
Financial Statement ◽  
Business World ◽  
Financial Report ◽  
Technology System ◽  
Performance Reporting ◽  
Doing Business ◽  
Accounting Software ◽  
A Company

In the last two decades, the necessity of information management and technology system has been proven as a very crucial need for many enterprises or companies. The use of computers in the office automation and integrated system is a must for companies to establish themselves in the business world. One of the basic management information systems that are crucial in the accounting program is the use of doing business transactions are considered able to simplify and streamline the fundamental needs for running a business, such as marketing and operations is also a financial statement of a company. This study aims to measure the extent of the influence of the use of accounting software on performance reporting on financial companies, one of which is using MYOB accounting software in assisting the settlement of financial reporting in a company.

scholarly journals Methodological Aspects Concerning Evaluation of the Financial Stability of Companies in the Crisis Economy Conditions

2020 ◽  
Vol 8 (16) ◽  
pp. 513-527
Author(s):  
Elena V Levkina ◽  
Zhanna I Lyalina ◽  
Ekaterina A Kurasova
Keyword(s):  
Economic Crisis ◽  
Russian Federation ◽  
Financial Stability ◽  
Financial Condition ◽  
Current Period ◽  
Doing Business ◽  
The Status ◽  
The Russian Federation ◽  
Methodological Aspects ◽  
A Company

The financial stability of a company is one of the most important criteria for assessing the situation of enterprises both for the current period and for subsequent periods of functioning. Of course, every enterprise wants to have business liquidity, otherwise the basis of entrepreneurship collapses; however, the purpose of doing business is to make a profit. An enterprise can make good profits, but at the same time have large liabilities, that is, debts. In this case, it is difficult to call the company financially stable. The onset of the economic crisis in the Russian Federation only prompts the conduct of such studies. Firstly, because it is necessary to understand how the situation in the country's economy as a whole affects a single enterprise, and secondly, what the prerequisites for this influence can be noticed in advance and how to try to prevent them. The relevance of this study lies in the fact that today in Russia there are a number of difficulties with assessing the status of organizations and their adequate comparison with reality. There are many different methods for assessing the financial condition and, in particular, the financial stability of a company. However, when choosing one of them, it is necessary to consider them in order to identify the shortcomings of their application to certain market conditions. Identification of these disadvantages of different theories will allow us to competently and reliably analyse the financial condition of various companies. It is also worth noting that this topic is relevant not only for the companies themselves. The presence of positive dynamics of financial stability indicators as an integral part of the financial condition of the enterprise is one of the most important bases of investment attractiveness. Therefore, not only a company itself is interested in such studies in the inside, but also other market entities from the outside.

scholarly journals Stages of Using Ward and Peppard Methods in Information System Strategic Planning

2021 ◽  
Vol 3 (1) ◽  
pp. 78-86
Author(s):  
Anggy Giri Prawiyogi ◽  
Aang Solahudin Anwar
Keyword(s):  
Strategic Planning ◽  
Information Management ◽  
Business Strategy ◽  
Management Process ◽  
It Infrastructure ◽  
Work Efficiency ◽  
Process Automation ◽  
Doing Business ◽  
The Right ◽  
A Company

In an organization, there are three main targets for the application of information systems and information techniques that will be applied. In the information management process, automation is needed. This will help work efficiency. It is necessary to fulfill the need for information that will be used in decision making in management to increase effectiveness. There needs to be a change in the style and way of doing business in the company in order to increase competitiveness with competing companies. The goals or goals of a company and strategies in IT will enable us to achieve the 3 targets above, therefore it is necessary to have the right organizational business strategy that leads to the company's goals, as well as support that comes from designing IT infrastructure that is in accordance with the organization's business strategy in IT strategy.An understanding of the organization's business strategy needs to be mastered in order to be able to develop an appropriate IT strategy so that it can be a supporter of achieving the company's vision and mission. The ward and peppard methodologies will be used in the explanation of the following IT/IS strategic planning stages.  

Culture in Family-Owned Enterprises: Recognizing and Leveraging Unique Strengths

2004 ◽  
Vol 17 (1) ◽  
pp. 61-70 ◽  
Author(s):  
Daniel Denison ◽  
Colleen Lief ◽  
John L. Ward
Keyword(s):  
Organizational Behavior ◽  
Corporate Culture ◽  
Family Business ◽  
Family Firms ◽  
Assessment Tool ◽  
Small Sample ◽  
Business Culture ◽  
Bottom Line ◽  
Family Enterprises ◽  
And Performance

Through years of consulting experience and culture research, a fuller picture of family firms began to emerge. It became increasingly clear that family business sustainability and accomplishment were rooted in something deeper, something beyond superficial explanation. Belief in the innate value and uniqueness of family business culture drove collaboration on this project between the disciplines of family business and organizational behavior. The goal was to critically examine family business culture and performance relative to nonfamily firms. The Denison Organizational Culture Survey, a cultural assessment tool that has linked corporate culture to financial performance, was administered to a sample of 20 family businesses and 389 nonfamily businesses, allowing us to compare their cultures. The results showed that the corporate cultures of family enterprises were more positive than the culture of firms without a family affiliation. Family enterprises scored higher on all 12 dimensions of the assessment tool. Despite the small sample, several of these differences were statistically significant. This suggests that family firms perform better because of who they are. In addition, recent research that shows they also perform better because of what they do strategically. Their histories and shared identities provide a connectedness to time-tested core values and standards of behavior that lead to bottom-line success.

Developing Risk Skills: An Investigation of Business Risks and Controls at Prudential Insurance Company of America

2001 ◽  
Vol 16 (2) ◽  
pp. 291-313 ◽  
Author(s):  
Paul L. Walker ◽  
William G. Shenkir ◽  
C. Stephen Hunn
Keyword(s):  
Risk Assessment ◽  
Corporate Culture ◽  
Life Insurance ◽  
Control Environment ◽  
Insurance Company ◽  
Special Committee ◽  
Business Professionals ◽  
Poor Control ◽  
Assurance Services ◽  
A Company

The Prudential Insurance Company was involved in the largest life insurance churning scam of the 1980s and early 1990s. At the time, Prudential had weak business controls, and its corporate culture was characterized as ineffective and loose. However, this scandal is rooted in something deeper than a poor control environment. Prudential was a company facing several risks; many company decisions allowed these risks to have a dramatic impact on the company. As a result, its weak control environment came to the forefront, allowing the churning scam to reach its record levels. This case demonstrates the value of identifying and assessing risks in an organization. Further, the case demonstrates how to build control solutions to match the risks. Learning how to manage risks is a valuable skill for business professionals. In fact, the AICPA's Special Committee on Assurance Services (AICPA 1997), also known as the Elliott Committee, identified risk assessment as one of the emerging assurance services offered by CPAs.

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