ERAZ 2023 / 9 - Knowledge-Based Sustainable Development – SELECTED PAPERS
ERAZ 2023 / 9 - Knowledge-Based Sustainable Development – SELECTED PAPERS
Contributor(s): Vuk Bevanda (Editor)
Subject(s): Economy
ISSN: 2683-5568
Published by: Udruženje ekonomista i menadžera Balkana
Series: ERAZ - International Scientific Conference
- Print-ISBN-13: 978-86-80194-73-8
- Page Count: 224
- Publication Year: 2023
- Language: English
From Personal Transformation to Sustainable Development
From Personal Transformation to Sustainable Development
(From Personal Transformation to Sustainable Development)
- Author(s):Irina Todorova
- Language:English
- Subject(s):Social Sciences, Energy and Environmental Studies, Socio-Economic Research
- Page Range:1-9
- No. of Pages:10
- Keywords:Personal transformation; Sustainable development; Sustainability
- Summary/Abstract:The transition to sustainable development requires a fundamental shift in thinking that for years has been outlining a destructive line of consumption with devastating consequences. Nature’s inability to accept the results of human actions, and man’s ability to absorb the devastating results on his health, have made it clear that unless man changes his attitude, he will soon become a victim of his actions. This paper analyses the theories of fundamental transformation towards sustainable production and consumption discussed in the social science field.
Co-movements between Dirty and Clean Energy: A Time-Frequency Perspective
Co-movements between Dirty and Clean Energy: A Time-Frequency Perspective
(Co-movements between Dirty and Clean Energy: A Time-Frequency Perspective)
- Author(s):Mariana Chambino, Rui Dias, Cristina Morais da Palma
- Language:English
- Subject(s):Energy and Environmental Studies
- Page Range:11-21
- No. of Pages:12
- Keywords:Clean-energy stocks; Dirty energy markets; Co-movements; Environmental sustainability; Sustainable development
- Summary/Abstract:The recent worldwide pandemic of 2020 and Russia’s invasion of Ukraine in 2022 have sparked interest in understanding the links between clean and dirty energy markets. This research investigates the co-movements of clean energy and dirty energy stock indexes before and during the 2020 and 2022 events. The study focuses on the Brent Crude Spot, Euro Stoxx Oil & Gas, NASDAQ Clean Edge Green Energy, WilderHill Clean Energy, and Clean Energy Fuels stock indexes from May 3, 2018, to May 2, 2023. The goal is to determine if the events of 2020 and 2022 have increased co-movements between clean and dirty energy stock indexes, potentially challenging portfolio diversification. The results show that co-movements have increased, but portfolio diversification was no longer efficient during the tranquil period in international markets. These findings hold relevance for investors, policymakers, and other players in the energy financial market.
Interregional Analysis of Energy Consumption and Sustainable Development in Morocco
Interregional Analysis of Energy Consumption and Sustainable Development in Morocco
(Interregional Analysis of Energy Consumption and Sustainable Development in Morocco)
- Author(s):Intissar Seyagh, Aziz Bensbahou
- Language:English
- Subject(s):Energy and Environmental Studies
- Page Range:23-32
- No. of Pages:10
- Keywords:Energy consumption; Renewable energy; Energy efficiency; Input-output model
- Summary/Abstract:This article presents a multi-regional assessment of energy consumption optimization in Morocco using an inter-regional input-output model in 2019. It aims to present a theoretical analysis of energy optimization and sustainable development models. The study results reveal that different regions of Morocco face distinct challenges in energy consumption and that certain sectors such as oil refining and energy products, electricity and water, as well as transportation, have the highest energy consumption multipliers, suggesting that investment in renewable energy sources and energy efficiency initiatives are essential to reducing energy consumption in the long term and helping Morocco to achieve its energy efficiency objectives.
Green Finance for Sustainable Development in the Western Balkans
Green Finance for Sustainable Development in the Western Balkans
(Green Finance for Sustainable Development in the Western Balkans)
- Author(s):Reis Mulita
- Language:English
- Subject(s):Social Sciences, Energy and Environmental Studies, Financial Markets
- Page Range:33-41
- No. of Pages:10
- Keywords:Green finance; Sustainable development; Western Balkans
- Summary/Abstract:This paper explores the concept of sustainable development and green finance, their importance, and how they are related with a focus on Western Balkans perspectives. The main hypothesis presented is that green finance has the potential to be a key factor in encouraging sustainable development in the Western Balkans because it can contribute to the development of a more resilient and sustainable future for all countries in the region, regardless of their borders or differences in culture or identity. The author uses a qualitative and quality research approach, using a combination of literature review and empirical data to explore the relationship between sustainable development and green finance. The literature review will involve a comprehensive literature analysis on sustainable development and green finance, including academic sources, institutional reports, case studies, etc. In conclusion, the paper finds that sustainable finance is progressively gaining prominence in Western Balkan countries, aligning with European and global trends.
Sustainable Development Goals and FDI – Case of Albania
Sustainable Development Goals and FDI – Case of Albania
(Sustainable Development Goals and FDI – Case of Albania)
- Author(s):Edmira Cakrani, Dimitrios A. Karras, Gjergji Shqau
- Language:English
- Subject(s):Energy and Environmental Studies, Financial Markets
- Page Range:43-50
- No. of Pages:8
- Keywords:Sustainable Development Goals; Foreign Direct Investment; Albania
- Summary/Abstract:Sustainable Development Goals were adopted by countries in 2016, as a way to fight poverty, protect the planet and ensure sustainable development, while Foreign Direct Investments are inflows of investments that are very important for host countries, especially those in development. They enable the transfer of technology, create new jobs, provide inflows of foreign currency, etc. Their impact on the economic development of the host countries is very large and can also affect the realization of the SDGs. The purpose of this article is to analyze the impact of FDI on some SDGs in Albania. For this purpose, the ARDL model with data for the period 1999-2021 will be used. There are relatively few studies that have analyzed this relationship, and this article completes the existing literature on this topic. The results of the study can help in the design of policies regarding FDI that enhance rather than compromise the fulfillment of the SDGs.
Macroeconomic Concentration Index of Corporate Sector Companies
Macroeconomic Concentration Index of Corporate Sector Companies
(Macroeconomic Concentration Index of Corporate Sector Companies)
- Author(s):Mikhalil Pamazanov, Nadezhda Loginova
- Language:English
- Subject(s):Social Sciences, Economy, Business Economy / Management, Socio-Economic Research
- Page Range:51-62
- No. of Pages:12
- Keywords:Concentration; Herfindahl–Hirschman index; Sustainable development; Corporation; National scale
- Summary/Abstract:The high concentration of assets and revenues of corporations or large enterprises on a national scale represents a risk that can hinder sustainable development. For instance, in terms of a bank’s loan portfolio concentration risk is so crucial that it is a separate significant type of risk in addition to credit risk. In the proposed article a corporate sector concentration index was constructed for countries for which revenue data of TOP-50 or TOP-100 largest enterprises is accessible from open sources. The index is based on the revealed pattern of decrease in the volume indicator of the company (revenue, assets) of the order of 1⁄n^z, where n is the serial number of the companies ranked in descending order of the indicator, and z is a country-specific parameter. Based on all possibly available open statistics, providing data on 30 countries, the consistency of the statistical hypothesis about the dependence of the corporate sector concentration index on the Human Development Index and Ease of doing business is substantiated.
Value Creation Processes in the European Biotech Industry: The Role of Collaboration Strategies
Value Creation Processes in the European Biotech Industry: The Role of Collaboration Strategies
(Value Creation Processes in the European Biotech Industry: The Role of Collaboration Strategies)
- Author(s):Paola Olimpia Achard, Caiara Bellini
- Language:English
- Subject(s):Business Economy / Management, Socio-Economic Research
- Page Range:63-72
- No. of Pages:10
- Keywords:Biotech industry; Collaboration strategies; International business; Knowledge; Development; Sustainable competitive advantage
- Summary/Abstract:Global-scale competition is based on the ability to generate innovation, particularly in knowledge-intensive sectors such as healthcare, biotech, and pharmaceuticals. The purpose of this paper is to analyze the collaborative strategies pursued by European biotech firms, as preferential ways to promote the innovation processes necessary for value creation. The methodology followed consists of the strategic analysis of European biotech firms to highlight value creation pathways. The main result of the study is the observation that the pursuit of a position of sustainable competitive advantage derives from the ability of European biotech firms to establish different and articulated strategic relationships of a collaborative nature.
Financial Performance and Large Sustainable Companies: What Relationships in the Italian Blue Chips of the MIB ESG Index?
Financial Performance and Large Sustainable Companies: What Relationships in the Italian Blue Chips of the MIB ESG Index?
(Financial Performance and Large Sustainable Companies: What Relationships in the Italian Blue Chips of the MIB ESG Index?)
- Author(s):Annalisa Baldissera
- Language:English
- Subject(s):Energy and Environmental Studies, Financial Markets
- Page Range:73-82
- No. of Pages:10
- Keywords:ESG; Blue Chips; MIB ESG Index; Italian companies; Financial performance; ESG erformance; Sustainability
- Summary/Abstract:This study aims to analyze the relationship between financial performance and ESG performance with particular reference to a market segment characterized by high liquidity. The research concerns, in fact, the Italian blue chips that make up the MIB ESG index, that is, the first forty companies among the best sixties. The methodology used is based on a sample of the top ten companies in the index and uses regression analysis, assuming liquidity ratio, debt ratio, ROE and ROA as independent variables, while dependent variables are ESG scores. The results show that relationships between variables are mostly positive. However, they are still rather weak and therefore have room for improvement. The study helps to deepen the knowledge of a market segment still little studied in the literature.
European Directives and Principal International Frameworks for Corporate Sustainability and Climate Change Reporting: Responding to the Challenges Facing Our Planet
European Directives and Principal International Frameworks for Corporate Sustainability and Climate Change Reporting: Responding to the Challenges Facing Our Planet
(European Directives and Principal International Frameworks for Corporate Sustainability and Climate Change Reporting: Responding to the Challenges Facing Our Planet)
- Author(s):Hristina Oreshkova
- Language:English
- Subject(s):Energy and Environmental Studies, Green Transformation
- Page Range:83-92
- No. of Pages:10
- Keywords:Sustainability; Sustainable development; Corporate reporting and disclosure; Climate-related isclosure; European Union Corporate Sustainability Reporting Directive
- Summary/Abstract:Over the last few decades, significant progress has been made in the development of a global baseline for corporate sustainability reporting and disclosure, including a focus on climate change issues. However, the author’s main concern, and the argument at the heart of the paper, is that the observed proliferation of frameworks focused on sustainability and sustainable development may compromise the comparability of disclosed information, thereby reducing its usefulness and even confusing stakeholders. The author argues that humanity urgently needs to do much more. Based on the author’s research, observations and reflections from discussions with leading practitioners and experts, it is suggested that the transparency, consistency and relevance of corporate policies and activities and information on sustainability and climate-related issues, whether provided through voluntary or mandatory reporting and disclosure, are not of sufficient quality to adequately address and respond to the unique challenges facing humanity due to climate change. Sustainability disclosure has become an important part of the corporate reporting process, with climate-related information being a key component. The author’s thesis is that the trustworthiness, transparency and relevance of climate-related disclosures have proven to be of great importance in achieving disclosure effectiveness and usefulness for interested parties – potential and current investors, creditors, lenders, employees and all members of society and the European Union community. The author aims to highlight, discuss and justify the need for a global framework and coherent standards to support meaningful and consistent disclosure of climate-related matters, risks and opportunities. It will be a prerequisite for improving the transparency and quality of climate-related information and data and will support ap¬propriate decision-making in the management of climate-related risks. The author considers it to be an essential part of the governance, process and system of corporate governance reporting. The author’s paper aims to highlight and discuss the considerations, criticisms and concerns of researchers, professionals and experts on the issues discussed, to outline perspectives for future research and to emphasize that benefits for all members of society, sustainability and sustainable development and the future are highly probable and can therefore be expected. The development of international standards for climate-related disclosure should be seen as the most important part of establishing a global regulatory framework for corporate sustainability reporting at the international level. The research methods used by the author are analysis and synthesis, induction and deduction, descriptive approach, comparison, analogy and observation, as well as a thorough study of many recent academic research and normative sources on the subject.
Non-financial Disclosure of Large Portuguese Companies and Its Determinant Factors
Non-financial Disclosure of Large Portuguese Companies and Its Determinant Factors
(Non-financial Disclosure of Large Portuguese Companies and Its Determinant Factors)
- Author(s):Katia Lemos, Sonia Monteiro, Romeu Marques
- Language:English
- Subject(s):Socio-Economic Research
- Page Range:93-102
- No. of Pages:10
- Keywords:Decret-Law nº 89/2017; Non-financial information; Mandatory reporting; Voluntary disclosure; Sustainability report
- Summary/Abstract:This paper aims to analyze the degree of disclosure of non-financial information (mandatory vs. voluntary) provided by large Portuguese companies and to identify its determinant factors. A content analysis was conducted on a total of 41 corporate reports published in 2020 by listed and unlisted companies with more than 500 employees. A multiple linear regression model was developed, with a non-financial disclosure index as the dependent variable and visible characteristics of the companies and report-related characteristics as independent variables. The results indicate that there are statistically significant differences in the level of non-financial information disclosure between listed and unlisted companies. Multiple linear regression model results showed that the variables of profitability and the use of the Global Reporting Initiative framework are statistically significant at a significance level of 5%, while the variable of the extent of the report is statistically significant at a significance level of 10%
Evidence-Based Policy Making Towards Social Sustainability.
Evidence-Based Policy Making Towards Social Sustainability.
(Evidence-Based Policy Making Towards Social Sustainability.)
- Author(s):Nikos Papadakis, Stylianos Ioannis Tzagkarakis
- Language:English
- Subject(s):Economic policy, Welfare services
- Page Range:103-113
- No. of Pages:12
- Keywords:Social Sustainability; Welfare State; Social Policy; Evidence-based Policy Making
- Summary/Abstract:Social sustainability is one of the key pillars of sustainable development. In our analysis, this concept refers to the need for the creation of a society that contains all the conditions for sustainable development in terms of equal opportunities for employment and social well-being. Currently, significant problems and dysfunctions exist as long as several European labor markets are fragmented with a strong insiders-outsiders divergence, job polarization, high labor market slack, and high in-work poverty rates, especially in precarious forms of employment. In Europe as well as globally, addressing these issues is of major importance to ensure social sustainability. This paper depicts the state of play of social sustainability in Europe and aims to identify specific policy responses that could offer viable solutions to old and emerging challenges in terms of social inclusion, within the framework of evidence-based policy making mainly related to social policy.
Understanding the Quality and Performance of Work from the Perspective of Sustainable Work
Understanding the Quality and Performance of Work from the Perspective of Sustainable Work
(Understanding the Quality and Performance of Work from the Perspective of Sustainable Work)
- Author(s):Lorena Bittencourt Bastos, Marlene Amorim, Mario Rodrigues
- Language:English
- Subject(s):Human Resources in Economy, Socio-Economic Research
- Page Range:115-123
- No. of Pages:10
- Keywords:Sustainable work; Quality of work; Digital technologies; Workers’ well-being; Performance
- Summary/Abstract:Many work contexts are now characterized by the adoption of digital technologies. As digital contexts become ubiquitous in both work and personal contexts the characteristics of workspaces change. This drives the call for understanding how they affect the quality of work and the well-being of individuals. This study examines the factors that determine the quality and sustainability of the workforce, channeling studies involving remote working. The paper is based on a systematic review of the literature addressing work quality and sustainability in remote working contexts. The study builds on recent research work conducted by Eurofound, the European Foundation for the Improvement of Living and Working Conditions, subscribing to the dimensions proposed to frame the work on sustainability and to categorize the findings from the literature. The paper aims to identify variables that affect the satisfaction, well-being and productivity of remote workers. The study builds on the Scopus database, for critical and exploratory analysis of the concepts addressed in the term “sustainable work”, searching in abstract or title, between 2018 and 2023, leading to the identification of 243 publications. The study allows for the advancement of our perception regarding the impact and relevance of the theme addressed in the work, and that can be used as a basis for the continuation of the study, in the development of sustainable management strategies focused on facing the challenges of implementation of effective remote work systems.
Unveiling the Impact of the Gig Economy on Sustainable Development
Unveiling the Impact of the Gig Economy on Sustainable Development
(Unveiling the Impact of the Gig Economy on Sustainable Development)
- Author(s):Ivona Huđek, Karin Širec
- Language:English
- Subject(s):Energy and Environmental Studies, Green Transformation
- Page Range:125-133
- No. of Pages:10
- Keywords:Gig economy; Sustainable development; Economic impact; Environmental benefits; Work-life balance; Social protection
- Summary/Abstract:This paper examines the opportunities and challenges of the gig economy within the framework of the Sustainable Development Goals (SDGs), focusing on some environmental, economic, and social dimensions. It emphasizes the need for fair working conditions, income stability, and ethical considerations to foster an inclusive and sustainable gig economy benefiting workers and society. The gig economy offers environmental benefits through optimized resource utilization, and economic sustainability by generating income opportunities and supporting work-life balance. However, challenges in labor rights, social protection, and income stability persist. The study utilizes both global secondary data and primary data from a survey of 200 gig workers (freelancers) in Slovenia. Through analyzing gig economy data within the context of sustainable development, this study contributes to the ongoing discourse on sustainable practices and inclusivity in the gig economy, urging policymakers and stakeholders to implement measures that promote fairness and sustainability, benefiting both workers and society as a whole.
Female Education and Entrepreneurship in the Service of Sustainable Development in Serbia
Female Education and Entrepreneurship in the Service of Sustainable Development in Serbia
(Female Education and Entrepreneurship in the Service of Sustainable Development in Serbia)
- Author(s):Ivana Vučetić, Snežana Kirin, Sanja Popovic Pantic
- Language:English
- Subject(s):Education, Human Resources in Economy
- Page Range:135-145
- No. of Pages:12
- Keywords:Female entrepreneurship; Female education; Serbia; Sustainable development
- Summary/Abstract:The business world is rapidly changing adopting new technologies and business models. It affects entrepreneurship, which is one of the most important factors of sustainable development. In recent years, the importance of female entrepreneurship has increased, because more and more women have started to get involved in entrepreneurial activities. Among the main factors influencing female entrepreneurship are education, which gives women the knowledge to succeed as entrepreneurs, and finance, which enables women to start their businesses. In order for entrepreneurship to be successful, it is of great importance to constantly improve business, which implies constant investment in education and training, and stable income as the source of further investment in business growth. This paper aims to investigate the importance of female education for successful female entrepreneurship and sustainable development in Serbia, by examining the correlation between the education level and: the annual income, and the investment in lifelong learning.
Algorithmic Human Resource Management: Characteristics, Possibilities and Challenges
Algorithmic Human Resource Management: Characteristics, Possibilities and Challenges
(Algorithmic Human Resource Management: Characteristics, Possibilities and Challenges)
- Author(s):Goran Pavlović
- Language:English
- Subject(s):Human Resources in Economy, Socio-Economic Research
- Page Range:147-155
- No. of Pages:10
- Keywords:Algorithmic human resource management; Artificial intelligence; Machine learning; Algorithm; HR Development
- Summary/Abstract:In the field of human resources, algorithmic management refers to the utilization of digital technology, artificial intelligence, and big data to develop rules and procedures that enable the automated management of human resources. Algorithmic human resource management can potentially replace human resource managers in all stages and activities of staffing, thereby significantly expediting the management process and enhancing cost-effectiveness. Through the use of artificial intelligence, algorithms develop patterns and models from which they can autonomously learn and improve the quality of decision-making in employee management. However, relying exclusively on algorithmic human resource management can lead to the emer-gence of discriminatory management practices, particularly when the algorithms are based on unrepresentative or biased data. Considering these factors, this paper aims to examine the fundamental characteristics, principles, application possibilities, and challenges of algorithmic human resource management.
Project Management Skills for Non-management Students from the Perspective of Education for Sustainable Development
Project Management Skills for Non-management Students from the Perspective of Education for Sustainable Development
(Project Management Skills for Non-management Students from the Perspective of Education for Sustainable Development)
- Author(s):Iryna Skliar, Liudmyla Batsenko
- Language:English
- Subject(s):Education, Human Resources in Economy
- Page Range:157-167
- No. of Pages:12
- Keywords:Project management skills; Key competencies for sustainability; Education for sustainable development; Academic standards
- Summary/Abstract:Project management skills (PM skills) play an essential role in advancing sustainable development (SD) objectives. Project management as a goal-oriented approach aligns with the SD framework. They provide a structured framework for planning, implementing, and monitoring projects, making them invaluable for advancing Sustainable Development Goals. They support effective stakeholder engagement, risk management, and adaptive approaches, while also fostering cross-cutting competencies that are vital for addressing sustainability challenges in diverse contexts. Project management is crucial in the workplace nowadays, and possessing these skills can significantly enhance students’ employability prospects. This research aims to analyze the coverage of project management skills and competencies in the Ukrainian academic standards and generalize the recommendations for effectively embedding these skills into the curriculum. Methodology. Qualitative content analysis of Ukrainian academic standards developed by the Ministry of Education and Science of Ukraine. 38 academic standards for master’s contain project management skills. There are challenges with the implementation of the standards in terms of alignment between the standards and the academic programmes, including teaching-learning-assessment practices. Project-based learning and interdisciplinary projects are essential for ESD and PM skills development. Interdisciplinarity is a pillar of ESD and this will open project management concepts and practices for non-management students as they navigate the complexities of team dynamics, task delegation, and project coordination. Mentoring and peer-to-peer learning could be effective tools for ESD and for PM-skills development. Peer learning groups where senior students can guide non-management students in developing project management skills. The mentorship can provide valuable guidance, feedforward, and feedback throughout project-based learning.
Customer Genetic Data for Sustainability and Innovation Management
Customer Genetic Data for Sustainability and Innovation Management
(Customer Genetic Data for Sustainability and Innovation Management)
- Author(s):Ivelina Ivanova Kadiri
- Language:English
- Subject(s):Socio-Economic Research
- Page Range:169-176
- No. of Pages:8
- Keywords:Customer genetic data; Sustainability; Innovation
- Summary/Abstract:The availability of affordable genetic testing has enabled the collection of vast amounts of genetic data, creating new opportunities for marketing management. The use of genetic data empowers companies to develop personalized products and services and enhance customer relationship management. This, in turn, creates a competitive advantage for boosting companies’ strategic market positioning by enhancing their sustainability and innovation policies. This review paper aims to explore how businesses can leverage genetic data for sustainability and innovation management. The framework presented outlines the integration of genetic data into different stages of sustainable product development thus allowing for precision targeting through responsible innovation management. The paper also examines the potential ethical and legal implications of using genetic data in marketing management.
Consequences of the Pandemic: Consumer Behavior Changes
Consequences of the Pandemic: Consumer Behavior Changes
(Consequences of the Pandemic: Consumer Behavior Changes)
- Author(s):Lenka Veselovská
- Language:English
- Subject(s):Social Sciences, Economy
- Page Range:177-185
- No. of Pages:10
- Keywords:Consumer behavior; COVID-19 pandemic; Store visits; Online orders; Stockpiling; Sustainable consumption
- Summary/Abstract:The COVID-19 pandemic significantly impacted the business environment worldwide. Some of the most significant changes occurred due to consumers altering their habits. This paper explores some of the most significant of these changes and draws their conclusions. The main aim of this research was to examine the consumer behavior changes that occurred during the COVID-19 pandemic and their impacts on the Slovak business environment. The findings were also used to describe the major consequences that the pandemic had on society in terms of its effects. A survey was used to collect data from consumers. The research sample file consisted of 587 Slovak consumers. It was discovered that some consumers experienced panic buying and significantly increased their tendency towards stockpiling goods during the initial stages of the pandemic. The trend towards shopping unaccompanied did not survive the end of the pandemic years. The increase in online shopping has remained strong even after the pandemic concluded and still represents a new challenge for business owners, but also an opportunity.
From Content Creators to Business Innovators: The Entrepreneurial Impact of YouTube Influencer Channels
From Content Creators to Business Innovators: The Entrepreneurial Impact of YouTube Influencer Channels
(From Content Creators to Business Innovators: The Entrepreneurial Impact of YouTube Influencer Channels)
- Author(s):Ivana Ercegovac, Mirjana Tanasković, Andrea Vlahović
- Language:English
- Subject(s):Human Resources in Economy, ICT Information and Communications Technologies, Socio-Economic Research
- Page Range:187-196
- No. of Pages:10
- Keywords:YouTube; Influencers; Content creators; Entrepreneurs; Online communication; Marketing; Sustainable development
- Summary/Abstract:Social media’s transformative impact has led YouTube influencers to assume roles as content creators and entrepreneurs. This study delves into their innovative strategies encompassing revenue models, brand collaborations, and audience engagement. Ad revenue, sponsorships, subscriptions, merchandise sales, and crowdfunding form the diverse income streams. Affiliate marketing and product placements foster new business avenues. Niche content and data insights elevate audience interaction. Supported by platforms like Patreon, varied revenue channels drive sustainable financial growth. Collaboration strategies, such as endorsements, invigorate the digital economy. Entrepreneurial impact resonates through job creation, small business support, and innovation. Ethical considerations ensure sustainable growth. This study guides aspiring entrepreneurs and marketers by accentuating diverse revenue streams, strategic partnerships, and audience engagement. Future exploration may assess the endurance of influencer entrepreneurship, its effects on traditional media, and emerging platforms’ nurturing of entrepreneurial endeavors.
Demoethics and the Sustainable Development Paradigm
Demoethics and the Sustainable Development Paradigm
(Demoethics and the Sustainable Development Paradigm)
- Author(s):Rinat Zhanbayev, Muhammad Irfan, Zeeshan Fareed, Anna V, Shutaleva, Naniil Maksimov
- Language:English
- Subject(s):Business Ethics, Socio-Economic Research
- Page Range:197-204
- No. of Pages:8
- Keywords:Demoethics; Technological rationality; Ethical rationality; Environmental responsibility; Anthropological catastrophe; Stability; Sustainable development of society; Social sustainability; Artificial
- Summary/Abstract:This article explores the challenges faced by humanity in the age of globalization, specifically in the context of anthropological catastrophes. The authors argue that the rapid pace of technological advancement has created an imbalance between technical progress and cultural transformation, leading to a crisis of identity and morality. The article examines the root causes of this imbalance. In response to these challenges, the article proposes a new approach to creating good people and good societies through the cultivation of virtue and knowledge. Drawing on insights from anthropology, sociology, and philosophy, the authors argue that demoethics is the key to achieving sustainable development and social justice. The article provides a detailed analysis of the concept of demoethics, including its historical roots. This article offers a thought-provoking analysis of the complex challenges facing humanity in the 21st century and provides a compelling argument for the importance of cultural transformation and ethical values in achieving a more just and sustainable world.
