A Social-Capitalist View on Corporate Governance a New Post-Modern Perspective | Chapter 8 | Contemporary Research in Business, Management and Economics Vol. 3

 The essay aims to point out on some current weaknesses affect Corporate Governance in traditional Corporations. These troubles contain among others: 1. Lack of vision and goals, 2. Too- Formalistic Management Style, 3. Minimal care for Social Affairs, and 4. Doubtful stands on Environment Protection. Further, desired characteristics of future corporation are detailed: 1. Adopting updated and advanced Managing Methods, 2. Endorsing Capital-Labor balanced relations, 3. Improving Compliance with Food & Health demands and 4. Enacting updated Command and Control practices.  The Author believes that referring to these points and finding proper solutions to these issues, may contribute to better performance and a greater satisfaction from all kind of business. Finally, some of the implementation problems are discussed. In general, the Author points out that the meaningful transformation of the 21st Century - the move from the Modern to the Post-modern Order - also forces the Corporate Governance to change. It should be upgraded from the former, formal setup, responsible only to its shareholders into a much more transparent and trustful system, responsible to a broader body of stakeholders. As faster such a transformation will be, so better and more fruitful it will be, for the corporation and its owners.

Author(s) Details:

Amos Avny,
Senior Management and Strategic Consultant, Omnidev International, Israel.

Please see the link here: https://stm.bookpi.org/CRBME-V3/article/view/13784

An Overview on Methodology in Economics | Chapter 03 | New Innovations in Economics, Business and Management Vol. 9

 

The methodological explanation of an interdisciplinary approach in economics is presented in this work. A mixture or synthesis of philosophical and mathematical methodologies is referred to as bimodal methodology. It necessitates an examination of a brief history of economic methodology, two conceptions for global vision, and three methodological tendencies related to it. The philosophy of economics and its respective discipline are part of the philosophical basis of economic methodology. The presentation of positivism, notably that of Mill, Marshall, Popper, Lakatos, Friedman, and Dewey, is a key methodological position in economic theory. In economic science, four methodological perspectives are used: methodological individualism, methodological holism, institutional individualism, and methodological institutionalism. In economic research, mathematical ideas of economic technique have always been prevalent. Last but not least, the "New Macroeconomic Consensus" (NCM) model, which ensures continual interrelationships and the interplay of the two major economic philosophies – neoclassical and post-Keynesian. The major methodological perspectives on economic theory may describe economic life in all of its aspects - micro, macro, and geoeconomic levels.

Author(S) Details

Anton S. Filipenko
Department of World Economy and International Economic, Relations of the Institute of International Relations of Taras, Shevchenko, National University of Kyiv, Ukraine.

View Book:- https://stm.bookpi.org/NIEBM-V9/article/view/6876