Ecoforum Journal (University of Suceava, Romania)
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BARRIERS TO REACHING SUSTAINABILITY IN THE FAST FASHION INDUSTRY
No full textThe fast fashion industry is one of the most polluting industries, and unfortunately, not a lot of viable solutions have been found till this moment. Nowadays, we are noticing more and more fashion campaigns that include a sustainable message, though we are still talking about a lot of environmental and social problems caused by this industry. However, finding innovative ideas starts with identifying the potential barriers that the industry is facing to better understand the actual state of the industry regarding sustainability from both the consumer and organization points of view. The following structured literature review is trying to create a whole picture of the sustainability barriers that the fashion industry is facing, and as we are talking about a highly competitive industry, constant research is needed. The main implications of this study are the ability to better comprehend what hinders the path to a more sustainable future nowadays. Still, to this day, little research has been conducted on the always-evolving challenges of sustainability. More research is needed for companies and consumers to adapt to the shift that is already happening, and the contribution of the paper will likely generate innovative strategies and solutions toward a greener future from both sides of view
THE ROLE OF SELF-MANAGEMENT IN PERSONAL DEVELOPMENT
No full textTo achieve confidence and control, it’s necessary to establish a harmonious balance between work, home and personal life. In today\u27s world, it’s rare to strike a balance in all the above-mentioned areas. In order to successfully deal with life\u27s challenges, it’s necessary to focus on self-development, especially in the area of self-management and self-control. By honing these skills, we are able to effectively manage our time, work opportunities, activities, and available resources. By setting clear goals, developing well-structured daily plans, focusing on key tasks, and establishing order, we can manage our time effectively and increase our chances of success.
The article lists the limiting factors of self-management and ways to overcome them, discusses individual resources available in a person, shows the capabilities of a person to manage them and the results that can be achieved based on these actions. It includes a research part that analyzes the experience of employees in the private and public sectors in Georgia in terms of time planning, management and prioritization of work tasks. The factors that prevent the achievement of the set goals are identified. The work envisages the assessment of their physical energy, emotions management abilities and drawing appropriate conclusions based on them
A BIBLIOMETRIC ANALYSIS REGARDING GEM REPORTS DATA ON ENTREPRENEURSHIP
No full textEntrepreneurship can contribute to the well-being of the society by creating innovative products and services that can meet the needs of customers and improve their quality of life. Entrepreneurs can also support local communities by engaging in social development projects and creating jobs, which help raise the standards of living. The Global Entrepreneurship Monitor report annually tracks the evolution of international entrepreneurship.
The paper aims to identify various components related to entrepreneurship in order to outline an overview of the publications that integrate global entrepreneurship monitor data. The bibliometric analysis was performed using VOSviewer software based on 1.063 articles extracted from the Web of Science database. The results of the paper highlight the exploration of the constituent aspects of entrepreneurial research, identifying the analyses that were based on the Global Entrepreneurship Monitor reports from 2004 to 2023
Managing knowledge and innovation for sustainable models of business: a systematic literature network analysis
No full textWith growing global actions toward sustainability, businesses have to align their course ensuring it as an outcome of their core business strategy. Businesses have to adapt this challenge and create opportunities to integrate sustainability in their goals. This paper provides a brief review of the relevant literature capturing the recent advances in sustainability oriented innovation in business, based on a bibliometric analysis and a systematic review of the highly cited papers indexed by the Web of Knowledge database. The research highlights the links between knowledge, innovation and sustainability in business. The results of this research expand the conceptual background of business sustainability and unveils future research directions in the light of opportunities created by knowledge and innovation
THE EFFECT OF THE COVID-19 PANDEMIC ON SAVING BEHAVIOUR: CASE OF ROMANIA
No full text In contemporary society, at the macroeconomic level as well as at the individual level, of person or society, economies play a key role with a direct impact on the behaviour of the population. In the context of the COVID-19 pandemic, this study systematically explored whether and why the health crisis stimulates consumers’ preference for savings (over spending). The purpose of this paper is to analyse the preferences of the population but also of the economic agents regarding the investments in bank deposits, investments made by them both at European and national level. The analysis consists in the analysis of the evolution of savings in Romania but also in other European countries and is based on the data published by the Central Bank of Romania in the NBR statistics, FGDB statistics but also the data published by Eurostat. Savings are also analysed by institutional sectors, with a focus on the household sector and non-financial corporations. The results of the study show that in order to better cope with future uncertainties and risks, individuals can reserve resources and increase their saving behaviour. It is also observed that individuals facing a pandemic save more than in periods of stability
CONTEMPORARY DIRECTIONS ON HOW CONSUMERS INTERACT WITH FINANCIAL-BANKING SERVICES
No full textThe COVID-19 pandemic and the disruptive forces of Open Banking have disturbed the global economy and how consumers interact with financial-banking services. While consumers stayed away from branches, banks and other financial services providers (reluctant to change their traditional models) were forced to adopt technology and other transformations to remain relevant in the market by meeting customers\u27 requirements. For many financial institutions, the new reality has meant accelerating their internal and external digitization processes, while for others, it has revealed weaknesses in meeting consumers\u27 needs. As online banking has gone from being "pleasant to have" to an indispensable "modus vivendi," many new banks have benefited from the technological gap. Thus, PSD2 has become an opportunity for established banks to gain new market share and sell products to customers they would not otherwise have reached. Open Banking has become a symbol of the digitalization and transformation of the financial sector in recent years. The original ideals of the Internet era give the consumer back control over the financial services performed and reduce the barriers to accessing them. Digital banks and neo banks are practically a new generation of banks operating exclusively through the Internet, which were born with the fundamental objective of facilitating financial operations for consumers, offering greater time flexibility (always available), and allowing the fast and easy performance of all types of operations, adapting perfectly to the trends of today\u27s world, which has shown a great preference for everything digital. The digitalization of banks implies a radical transformation of the organizational culture, which should start from the principle that the bank must be constantly reinvented because customers expect cross-cutting, integrated, more fluid, and more agile services. This paper highlights how contemporary economic reality determines the behavior of consumers of financial-banking services and the evolution of financial intermediaries
ADVANCING PERFORMANCE MANAGEMENT IN DIGITAL ENTERPRISES: EXPLORING CHALLENGES, OPPORTUNITIES, AND RECOMMENDATIONS FOR THE DIGITAL AGE
No full textThis manuscript delves into the multifaceted aspects of employee performance management in digital and virtual enterprises, aiming to contribute to the existing literature in this domain. Through a comprehensive review of relevant research, employing a systematic approach, this study identifies key themes that emerge at the intersection of performance management, digital organizations, and virtual environments. By synthesizing and critically evaluating the existing literature, this article sheds light on the gaps and opportunities for future research, presenting novel perspectives on the challenges and possibilities encountered in the context of performance management in digital enterprises. The recommendations provided in this manuscript serve as a valuable resource for researchers, managers, and practitioners, facilitating their understanding and enhancement of performance management practices in diverse digital and virtual environments
International Financial Reporting Standards Updates and Challenges
No full textThe International Financial Reporting Standards Foundation is a public interest foundation focused on designing and implementing standards that are compatible, comprehensive, and understandable all across the globe. IFRS has been continuously transforming its policies amid covid-19 and post-pandemic as well. We have critically analyzed the updates on IFRS standards by peeking into 2021 highlights. IFRS made progress by enhancing stakeholder engagement, efficient governance, and strategy, more focus on the growth and development of people, as well as Digital Financial, Reporting in 2021. It is now finalizing its plan for 2022-2026, considering the Third Agenda Consultation. There are many benefits to the implementation of IFRS, but there are a few challenges that come with its implementation as wel
SUSTAINABLE MOBILITY INDICATORS FOR CITIES
No full textAbstract
The development of every nation is measured through its grade of industrialization and especially its transportation system development. But this development can only be achieved by respecting and fulfilling the goals of sustainable mobility. This paper presents the concept of sustainable mobility and the specific set of sustainable mobility indicators for cities, that are used to analyze, evaluate and improve urban policies in the sphere of sustainable mobility. The paper also includes a brief comparison between the country with the highest score and the one with the lowest score in the global ranking, depending on the value of the GSMI score. Since Sweden is the leader of the European countries in sustainable mobility, the paper also highlights some examples of good practices in the field of sustainable mobility promoted by Swedish companies
The Role of Ethical Leadership in Organizations
No full textThe prosperity and success of any company greatly depends on the leadership qualities and skills of the management. Leadership is essential for successful management. It is a process where one person has a certain influence on other members and leads them to achieve the set goal by a process. A leader is the person with the leverage of influence. The head of the organization should be an effective manager and a leader. When it comes to a leadership, the issue of ethics is also worth noting. A leader, who works alongside with and makes an impact on people with different characteristics, must behave ethically. Every single decision made by a leader should be based on ethical standards. A leader must be able to control himself and others, to manage emotions, take responsibility and make fair decisions. Consequently, issues related to ethical leadership are an important research subject and the given article deals with those aspects of ethics that are directly concerned to a leadership