Business Principles Research Articles

The Business of Healing: Medical Students’ Opinions on the Need for Formal Business Training in the Medical School Curriculum

Mounting evidence suggests physicians struggle with the increasing corporatization of healthcare. Currently, most medical programs offer only an MBA program for students interested in business of medicine principles, resulting in more debt or independent information search. A brief survey of a sampling of U.S. first-through fourth-year medical students (MD/DO) revealed that 90% indicated having either “no,” “minimal,” or “basic” perceived knowledge in the field of the business of medicine; 21.5% of students indicated they were “somewhat likely” or “very likely” to pursue an MBA. Furthermore, 58.2% of respondents indicated they were “very likely” or “somewhat likely” to take a business and medicine course during medical school if offered. Despite the limitations of the study, the results indicate that medical students would be interested in a dedicated business and medicine course and believe it necessary to learn the basic principles of business.

CORPORATE CULTURE OF HIGHER EDUCATION INSTITUTIONS AS A GUARANTEE OF THE EFFICIENCY OF PROFESSIONAL TRAINING OF FUTURE SPECIALISTS

Corporate culture occupies a prominent place in forming the image of a higher education institution, increasing its competitiveness and gaining popularity among applicants, students, and other institutions. On the one hand, corporate culture acts as a regulator of the behavior of teaching staff through a system of norms, rules, and values, and on the other hand, it acts as a guarantor of successful professional training of future specialists. The purpose of the article is to distinguish the meaning and phenomenon of corporate culture and to determine its place in the system of professional training of students. The main methods of research are comparative analysis of scientific-educational and methodological sources, regulatory and legal framework; and theoretical and empirical methods of generalization. Today, corporate culture acts as a universal socio-cultural phenomenon, a system of values, beliefs, business principles, norms of behavior, and traditions, which is an important intangible resource that provides social connections, communicative and information communication, harmonizes relations, affects the efficiency and competitiveness of the institution. This is an effective tool for the strategic development of a higher education institution, with the help of which employees identify themselves with the university, influence with their work the formation of its image and authority, success, and competitiveness. Corporate culture includes value-normative, organizational, communicative, socio-psychological, game components, and image structure of the educational institution, manifested at the internal and external levels. As a result of our research, we concluded the functional content, structure, and meaning of the corporate culture of higher education institutions.

Value-based banking as a factor of sustainable development

The banking sector is one of the drivers of economic development and is closely related to the functioning of society, the demands of which change according to its evolution. In the era of public demand for guidelines regarding the conscious conduct of business and life, the question of introducing values into banking is acute. Its transformation in the direction of introducing a personal approach and ethical principles while working with clients is being observed; awareness that the formation of close relationships is possible only on the basis of socially significant values and assessment of their impact on the environment, communities and space. That is why the implementation of a value-based approach to banking is an impor­tant and relevant topic. During the re­search, a hypothesis was put forward regarding the need to introduce value-based banking as one of the key drivers of sustainable economic develop­ment. A traditional set of methods for researching economic processes is used: ana­lysis, comparison, and logical genera­lization. The essence and basic norms of the functioning of value-based banking are revealed, the authorʼs vision is formulated. The work prin­ciples of value-based banks, defined by the Global Alliance for Banking on Values, the principles of the concept of sustainable develop­ment, the practical aspects of the implementation of value-based banking based on target, ethical characteristics in the work of individual banking institutions were studied, and on their basis, the own principles of value-based banking were formulated. The main interna­tional and domestic aspects of the functioning of banks that introduce elements of value-based banking are analyzed. It was determined that in fact all the leading banks in the world banking sphere prioritize streng­thening the principles of value banking in the near future. Banks of Ukraine are not lagging behind this process, and certain elements of value-based banking, such as corporate social responsibility, ESG prin­ciples, etc., are being introduced into their activities. The prospects of banking based on a client-oriented approach and the application of the principles of conscious business conduct are formulated.

Corporate Social Responsibility of Business — How Important is It Today

The article covers the topic of corporate social responsibility (CSR) as a fundamental principle of modern business. The author examines the evolution of CSR from charity to a key element of strategic management, emphasizing its impact on the company's reputation, relationships with employees, customers and investors. It analyzes how CSR contributes to the achievement of global goals of sustainable development and environmental responsibility, and also studies successful cases of companies that have integrated CSR into their strategy. It highlights the diffi culties that organizations face in implementing CSR, including fi nancial and managerial aspects, and discusses how CSR can stimulate innovation and the development of new products and services. In conclusion, forecasts are presented for the future development of CSR, taking into account current economic and social trends, emphasizing its growing importance in corporate strategy and the potential for improving society and the environment.

Academentia, management and satire: ‘The good, the bad and the ugly’

Orientation: The argument rethinks current managerial practices in higher education.Research purpose: Satire beckons when normal science cannot reproduce itself or shift to account for different ways of doing things. When reality mimics satire, satire becomes an appropriate methodology. Such literary approaches can reveal what normal science cannot.Motivation for the study: To add to critical management studies and the combatting of academentia as an institutional condition.Research design, approach and method: The general methodology derives from both literary and business principles read through critical management studies and cultural studies. Autoethnography is shown here to be useful within accounting and management studies. The Semler and the Kalahari management practices explicitly specify the need to rethink ‘operational models’.Main findings: No findings are offered in the conventional sense. Rather, relations are analysed and conclusions result from my own internal dialogue as a central player in the case study. The ‘transformation’ objectives of governance were disconnected from educational purposes. The resulting dramatic narrative hopefully appeals to readers in terms of their own lived conditions: can readers insert themselves into the narrative in terms of their own experiences?Practical and/or managerial implications: Institutions to be managed as adhocracies. What has been learned after 20 years of transformation and restructuring, if anything?Contribution and/or value-add: An engagement with critical management studies from the perspective of cultural studies identifies some solutions. Like the former, the latter examines issues of power relations, in this case, relations subsisting within administrative systems rather than the more usual framing as being between classes, races, ethnicities and genders.

The Role of Organizational Culture on Knowledge Management and Green Innovation in Private Universities

Innovation for sustainability in private universities has emerged as a crucial area of research globally. The existing literature highlights the significance of organizational culture, knowledge management, and green innovation in achieving sustainability goals. This study aims to determine the influence of organizational culture on knowledge management and green innovation in private universities located in LLDIKTI Region II. A cross-sectional research design was employed, with data collected via questionnaires from a sample of 305 respondents from private universities in LLDIKTI Region II. The data were analyzed using the Smart PLS structural equation model to test the proposed hypotheses. The findings of this research align with human resource-based theory, which posits that organizational sustainability is determined by the strength of its internal resources. The results confirmed that organizational culture significantly influences knowledge management (Hypothesis 1) and green innovation (Hypothesis 2) in private universities within the specified region. The study also underscores that private universities function as quasi-public organizations that blend business principles with a social approach to meet community needs while maintaining high competitiveness in a globalized world. This research contributes to the body of knowledge by examining the multidimensional relationship between knowledge management processes, organizational culture, and green innovation in private universities. By exploring these interconnections, the study provides valuable insights for enhancing sustainability and competitiveness in higher education institutions. The study concludes that a strong organizational culture is essential for fostering effective knowledge management and promoting green innovation in private universities. Future research could expand the sample size and incorporate additional variables, such as organizational commitment, to deepen the understanding of the dynamics at play.

VẤN ĐỀ THỰC HÀNH KINH DOANH CÓ TRÁCH NHIỆM TRONG LĨNH VỰC LAO ĐỘNGTHEO PHÁP LUẬT HOA KỲ VÀ GỢI MỞ CHO VIỆT NAM

This article analyses fundamental contents regarding responsible business practice in the Guiding Principles for Business and Human Rights (UNGP) and the Guidelines for Multinational Enterprise (OECD Guidelines), while referring to the United States law and propose suggestions for Vietnam.

CIRCUMVENTION DALAM PERDAGANGAN INTERNASIONAL: IMPLIKASI TUDUHAN VIETNAM TERHADAP INDONESIA

Cross-border trade is something that can no longer be avoided in today's era of globalization. Countries conduct business activities in order to advance their economic activities. In these activities, many countries do things that harm business principles. One of them is the evasion action. This research aims to determine the regulation of circumvention measures in international trade. This article uses normative legal research methods based on the international economic legal framework. The research results show that circumvention measures constitute a form of evasion of anti-dumping import duties. These actions involve manipulation or changes in the way trade is conducted to avoid paying high import duties. In Indonesia, anti-dumping regulations do not specifically regulate circumvention issues.

The Role of Corporate Culture in The Development of Modern Enterprises

Corporate culture plays an important role in modern enterprise management. It is not only a form of internal management, but more importantly, it reflects the core values and business principles of enterprises. Good corporate culture can have a positive impact on enterprise management and development, and enterprise managers should attach great importance to corporate culture construction. This paper explores and analyzes the role of modern corporate culture in enterprise management and operation through cases, and tries to put forward the path of corporate culture inheritance.

A Jurisprudential Review of Business Competition Practices on the Shopee Platform

The rapid development of technology has transformed conventional business practices, with digital platforms such as Shopee providing innovative features, such as live streaming and flash sales. However, these features have the potential to enable unfair business competition. This study examines the impact of live streaming on Shopee Live and Toko Saya flash sales on a Shopee platform from the perspective of business competition. Using a qualitative approach, this study focuses on the policies and practices surrounding these features. The findings reveal that while certain promotional practices are legitimate, the ongoing practice of providing conditional discounts and low prices may violate business competition laws and principles of business competition jurisprudence in Islam. Sellers and buyers have indicated that these practices are not based on the principles of honesty and balance and can be detrimental to smaller businesses with limited capital. This study highlights the need for businesses to prioritize moral ethics and adhere to religious and state rules to create a fair and competitive market that protects consumer rights. As digital platforms continue to grow, it is crucial to address the potential for unhealthy business competition and to ensure that all parties, including conventional business actors, can participate fairly in the market.

Principles of Honesty in Business according to the Qur'an (Case Study of Cocoa Seed Traders in Cendana Village)

This research explores the concept of honesty in a more specific business context, namely in the case study of Cendana Village cocoa seed traders and explores the relevance of the importance of the principle of honesty in the Koran. Cendana Village is a clear example where Islamic principles, including honesty, are implemented in community life and economic activity, with special emphasis on verses that specifically underline honesty in a business context. The research method used is qualitative with a descriptive analysis approach. Primary data was obtained through direct interviews with Cendana Village cocoa seed traders, secondary data was collected through various sources, including library literature related to business, ethics and Islamic principles, as well as print and electronic media which contained articles related to the cocoa business and the principles of honesty in Islam. Cendana Village cocoa seed traders run their business with integrity, transparency and commitment to customer interests and long-term business sustainability. Thus, these traders become a good example for other business practitioners in applying the principle of honesty in their activities. Traders understand that honesty is not only a moral value, but also a solid foundation for building good relationships with customers and ensuring long-term business success.

Pemanfaatan Key Opinion Leader (KOL) Brand Scarlett Whitening dalam Pemasaran Digital Pada Generasi Z

In facing the rapidly developing digital era, Scarlett Whitening has succeeded in combining traditional business principles with digital marketing methods. One important approach taken is through collaboration with Key Opinion Leaders (KOL) on various social media platforms, such as Instagram and TikTok. With appropriate KOL support, Scarlett Whitening succeeded in reaching generation Z, its main target market, with a more personal approach and in line with brand needs. This research aims to analyze the use of KOL brand Scarlett whitening in Generation Z. The research was conducted using a descriptive qualitative approach. Research data comes from search results in various digital databases and literature reviews. The research results show that by utilizing Key Opinion Leaders (KOL) in digital marketing strategies, Scarlett Whitening has succeeded in aligning the use of KOLs in its digital marketing strategy, such as through collaboration with KOLs who have significant influence and reach among the younger generation. The selected KOLs are not only popular because of their large number of followers, but also the content they present is of high quality and suits the interests and needs of the target market. Scarlett Whitening's main target market is teenagers aged 15-34 years, namely Generation Z, who have a tendency to be very familiar with digital technology. With a more personal approach and in line with the needs of the target market, Scarlett Whitening has succeeded in reaching generation Z with quality content that suits the interests and needs of the target market. The content produced by KOL for Scarlett Whitening often contains product reviews, usage tutorials, and testimonials from consumers. Through this content, information about the quality, safety and effectiveness of the Scarlett Whitening brand can be conveyed in an authentic and convincing way to potential consumers.

Application of Management Aspects in Business in Beef Cattle Group

Community service was conducted at the Balai Gadang Sapan livestock group in the Rambatan sub-district, Tanah Datar district. This group's businesses are beef cattle breeding and organic fertilizer processing. The problem with group businesses is that management and business knowledge still need to be higher. Group members still need help to apply management and business principles in managing the business. This community engagement aims to develop the Balai Gadang Sapan group business by increasing the performance and productivity of the beef cattle breeding and organic fertilizer processing business (UPPO) through implementing management aspects in the group business. The methods for carrying out activities were lectures, discussions, mentoring, and demonstrations. The stage carried out in implementing those four methods was the preparation stage, namely preparing material related to completing the solution in the form of PowerPoint, modules, banners, and leaflets. At the implementation stage, modules were distributed to participants, and the material was later. The evaluation stage involved participants filling out a prepared questionnaire. This evaluation was carried out to determine the group's ability to implement management aspects. The results of this activity were five essential aspects that must be applied in group management: making plans consisting of learning and business planning, organizing, and carrying out activities, evaluating business activities, and cadre of management. The group's ability to apply management aspects can be improved at the intermediate and primary levels.

Effectiveness of using feature films in organizational behavior education: an empirical investigation

PurposeWe investigated the effectiveness of using feature films in teaching organizational behavior courses at the undergraduate level at a mid-Western university in the USA.Design/methodology/approachOur model included the impact of film analysis on self-perceived learning outcomes and cognitive and affective changes among students. Structural equation modeling using partial least squares and contemporary mediation analysis techniques were employed.FindingsFeatured film analysis positively impacted perceived learning outcomes and the cognitive and affective components of learning among students. We also found an indirect effect on cognitive and affective change, indicating that learners’ improved perceived learning outcomes deepened their learning and resulted in greater appreciation of organizational behavior theories.Practical implicationsFilms are effective pedagogical tools for teaching complex business theories and principles. We recommend that faculty members pay careful attention to selecting films for study and should design film analysis projects aligned with meaningful course learning outcomes. Appropriate films and carefully designed learning outcomes trigger cognitive changes and have a lasting influence on students beyond the semester.Originality/valueOur study is one of the few empirical studies demonstrating the effectiveness of feature films as a pedagogical tool for organizational behavior courses.

Digital Marketing sebagai Strategi Peningkatan Omzet Penjualan dalam Perspektif Etika Bisnis Islam

Business development is so rapid. This encourages business people to be smart in attracting consumers to increase their sales. One way is to implement a marketing strategy through social media. This research aims to determine digital marketing strategies for increasing sales turnover at Helny Shop Majalengka, and to determine the perspective of Islamic Business Ethics regarding the use of digital marketing to increase sales turnover at Helny Shop Majalengka.This research is field research with qualitative descriptive methods, data sources from primary data and secondary data, and data collection techniques using observation, interviews, and document methods. From this research it was found that, firstly, digital marketing was carried out by Helny Shop Majalengka to increase sales turnover, namely reducing business promotion costs with a high level of efficiency, being able to provide information about the products offered, having an attractive appearance on social media, playing a role in communicating between business owners and consumer. secondly, from the perspective of Islamic Business Ethics at Helny Shop Majalengka, namely prioritizing four things that are key success factors in business management by the characteristics exemplified by the Prophet Muhammad. Namely Siddiq, Amanah, Fathanah, Tabligh. The results of this research are that the digital marketing carried out by Helny Shop Majalengka is considered effective by utilizing various features on social media such as Facebook. However, the owner of Helny Shop Majalengka must understand more about digital marketing and must understand the features of the Instagram application to further increase sales turnover. From the perspective of Islamic business ethics, Helny Shop Majalengka has implemented the Prophet's business principles, namely, Siddiq, Amanah, Fathanah, Tabligh.

From Aspiration to Public Policy: Imprinting UNGP-Aligned Footprints of Corporate Responsibility and Accountability into the Shifting Sands of International Arbitration Practice

Abstract Endorsed more than a decade ago by the UN Human Rights Council, the UN Guiding Principles for Business and Human Rights (UNGPs) articulate the responsibilities of States and corporations for human rights. Since then, the issue of corporate responsibility for human rights, and also the environment, and how it ought to be recognized and enforced, has attracted increasing attention. In more recent years, States have promulgated a flurried storm of ESG regulations requiring disclosure of human rights or climate risks or mandating human rights due diligence across global supply chain networks, intensified their transition to greener economies, and continued to negotiate treaties infused with dreams of more sustainable investment and development. Against this backdrop, in October 2023, a UN Special Rapporteur presented a report that condemned the international arbitration system for prioritizing the protection of corporate property rights over the protection of international human rights and the environment. In tracing the development of a ‘soft law’ aspiration of corporate responsibility to inscriptions into ‘hard law’ international investment law treaty instruments and then considering how those inscriptions have been interpreted and applied by tribunals, this article finds that despite the nascent recognition of corporate responsibility for human rights and the environment, the enforcement of accountability for that responsibility in international arbitral practice is currently misaligned with the UNGPs and with other fundamental tenets of international law. This article subsequently explores the opportunity, and implications, for imprinting stronger footprints of responsibility and accountability in international arbitral practice, including through the potential recognition of new international public policy upholding corporate responsibility for human rights and the environment, and in doing so, highlights the need for greater cross-industry, multidisciplinary and multilateral dialogue on an issue of not only global significance, but with global impact.

Principles of Business & Management: Practicing Ethics, Responsibility, Sustainability

Principles of Business & Management: Practicing Ethics, Responsibility, Sustainability

An Ethical Evaluation of Savings and Cooperative Societies in Ukum and Katsina-Ala Local Government Areas of Benue State

There a number of thrifts cooperative societies in Ukum and Katsina-Ala Local Government Areas which provides informal savings and investment avenues for the rural dwellers. However, there are a number of factors that affect the effectiveness of these thrifts and cooperatives such as poor and non-repayment of loans and misappropriation of funds. These challenges border on lack of ethical principles in business. Thus, one of the basic problems confronting business practice among the people of Ukum and Katsina-Ala Local Government is poor ethical principles in business practice. This paper therefore evaluates the ethics of savings and investment of selected thrifts and cooperative societies in Ukum and Katsina-Ala Local Government Area of Benue State. The paper adopts both primary and secondary sources of data collection and employed the descriptive and analytic methods of data analysis. Two thrifts and cooperative societies in Ukum and Katsina-Ala LGAs were sampled for the study. The analysis revealed that thrifts and cooperative societies have positive impact on business practice among the people. It is evident that cooperative societies exist in Ukum and Katsina-Ala LGAs where people save and invest monies in different businesses including farming, trading, purchase of commercial vehicles, motorcycles and in meeting other household needs. However, it was found that there are ethical challenges in managing thrifts and cooperative in Ukum and Katsina-Ala LGAs. These challenges are a result of poor ethical principles which are shown in the conduct of those who take loans without paying back and financial misappropriation on the part of those who own and manage such thrifts and cooperatives. The paper recommends among others that there is need to strengthen the ethical principles of integrity, financial accountability and transparency in Ukum and Katsina-Ala LGAs of Benue State for more effective business activities in the area. People borrowing money should do that with good reason and in a manner that they can repay the loans. Traditional and religious leaders should encourage people in the area to join thrifts and cooperatives, bams and adashi as ways of raising capital to start new businesses in the area.

A Comparative and Applied Study of Qur'anic and Biblical Teachings on the Principles of Commerce and Business

This study examines the ethical principles of commerce and business as outlined in the Qur'an and the Bible, providing a comparative analysis of their teachings and their application in modern business practices. The research explores key themes including honesty in trade, ethical treatment of workers, prohibition of usury, promotion of charity and social responsibility, and their implications for contemporary economic systems. Through detailed case studies of businesses implementing Qur'anic and Biblical principles, the study evaluates the outcomes and challenges of integrating religious values into corporate governance. It synthesizes findings from primary sources—Qur'anic verses and Biblical passages—as well as secondary sources such as scholarly articles and commentaries. The significance of this study lies in its contribution to understanding how religious teachings can inform and guide ethical business conduct, fostering trust, sustainability, and social responsibility. Recommendations for future research and practice highlight opportunities for further exploration and implementation of these principles in diverse cultural and regulatory contexts.

Maximizing Student Learning with Semrush: A Project Based Learning Strategy for Crafting Effective Business Models

This study examines the incorporation of Semrush into project-based learning to support university students in the creation of efficient business models. The project seeks to utilize Semrush for market research to improve students' critical thinking skills, boost their comprehension of business principles, and cultivate an entrepreneurial attitude. The study employs a qualitative research methodology with a case study design to compare a group of students utilizing Semrush with a control group. The results demonstrate that the integration of Semrush into project-based learning yields substantial advantages for students in the development of Business Model Canvas frameworks and the identification of business possibilities.