Economic Organization Research Articles

A Decolonial Reimagining of Workplace Spirituality: Embracing Sufi wisdom in the Quest for Meaningful Enchantment

This paper critically examines the human quest for meaning and enchantment in the context of modernity's disenchanting tendencies and the subsequent emergence of co-opted forms of re-enchantment. It argues that while the workplace spirituality movement attempts to address the crisis of meaning in organizational life, it often reproduces neoliberal capitalist rationality embedded in coloniality. Drawing on decolonial theory, the paper proposes engaging with Islamic spirituality, Sufism, as a means to generate a radical imaginary capable of providing deeper meanings and expanding human potentialities. The concept of ishq-i haqqiqi (intense love of the Divine) is presented as a cornerstone for reimagining enlightenment in more holistic and spiritually grounded terms. This approach offers promise not only for addressing existential and moral crises but also for fostering more humane and sustainable forms of social and economic organization. The paper contributes to ongoing discussions about the role of spirituality in management and organizational studies by offering a decolonial perspective that challenges dominant Western paradigms and opens up new possibilities for understanding human flourishing in organizational contexts.

An Exploratory Study on New and Emerging Occupational Safety and Health Risks Associated with the Digital Market

Europe wants to prepare its businesses and citizens for a sustainable and more prosperous human-centric digital future.The path to the translation into reality of the digital objectives will bring a complement to the existing rights and principles regarding the protection of data and private life, the digital rights of citizens as well as guidelines for companies regarding new technologies.Globally, the occupational health and safety risk assessment process is implemented using hundreds of dedicated tools, used in a flexible and complementary way, according to clearly specified criteria. Customized concepts offer a major potential for improving the management of safety and health at work in economic organizations, regardless of their size, form of ownership or other conditioning categories, sectors of activity or public institutions. This paper aims to make contributions regarding the forecasting and identification of new and emerging OSH challenges related to how digitization would change automated systems, work equipment and tools used, how work is organized, business models, hierarchies and relationships, the characteristics of the force of work, responsibilities for OSH management, skills, knowledge and information needed to work.

Integrated Decision Making to Determine the Optimal Order Quantity for Raw Materials Using Genetic Evolutionary Algorithms

Decision Making in economic organizations, especially the productivity, is one of the problems that researchers are interested in. It is important for the organizations that seek global competition and the integration of their decision will lead to coordination of decisions between the departments of these organizations to determine optimal order quantity and establish a correct inventory policy to warrant production with least total costs (costs of transportation, holding and purchasing), these is the objective of any company to achieve an adequate and enough inventory level to meet the future needs. In this paper, integrated decision making with three stages, first stage is forecasting with demands to final products using time series, second stage determine required quantities for raw material to manufacture these final products, and formulated a mathematical model reduces the total cost in third stage, when the transportation and purchase are variable costs with order quantity, while in just-in-time model or economic order quantity model are a fixed demand and purchase cost. The aim of this paper is integrated decision making to reduce total cost of required raw materials for the manufacturing processes and without and determine the optimal order quantity using genetic algorithms. This study was applied in Wasit company for cotton products in the textile factory, the results shown Holt-Winter method is the best method to forecasting because has least mean absolute error and the percentage of purchasing cost 73%, Transportation cost 8%, and holding cost 19%. The percentage of purchasing cost of cotton is biggest value, more 99% of purchasing cost.

Procedural concept for complex risk assessment in a multinational company in Romania

Globally, the process of assessing the risks to the health and safety of workers is implemented through the use of hundreds of dedicated tools, used in a flexible and complementary way, according to clearly specified criteria. Unfortunately, in the national practice of occupational risk assessment, only one method has become generalized, which is used in a proportion of 90-95%, and the major problem is that often it is not even applied only formally. This paper has an ambitious goal, aiming to offer practitioners in our country a case study on good practice on the procedural structure for achieving and capitalizing on the results of risk assessment, in a manner that is both complex and pragmatic. The concept proposed and successfully implemented at the investigated multinational company, offers a major potential to improve the management of occupational safety and health in economic organizations, regardless of their size, form of ownership or other categories of conditioning.

Қазақстан Республикасында аңшылық шаруашылығын реттеудің кейбір құқықтық мәселелері

The purpose of the proposed study is to improve the legal support of hunting farms in the Republic of Kazakhstan by studying their current state. The main position of the authors in the article is that the hunting industry should develop as a separate branch of the economy. The animal world permanently or temporarily inhabiting the territory of the Republic of Kazakhstan and the totality of living organisms living in conditions of natural freedom are considered an integral element of the natural environment subject to protection. Hunting is one of the oldest professions of mankind, which has existed for thousands of years and was originally the source of human existence. In the article, by analyzing the legislation of the Republic of Kazakhstan on hunting management, the existing shortcomings are identified and mechanisms for their elimination are proposed. The proposed topic is relevant and meets modern requirements. This is due to the fact that the problem of preserving biological diversity in nature is becoming an urgent problem of our society. Despite new changes in domestic legislation concerning the protection of wildlife, a comprehensive mechanism for animal protection is still considered an open question. The rational organization of the hunting economy should be used as an additional means of protecting the animal world. The authors, conducting research on the features and nature of the development of the hunting industry, proved the need to introduce a national model of the domestic hunting industry. The authors conducted a brief review of the features of the formation of the national institute of hunting economy. The ways of improving national experience are proposed, taking into account the developed hunting experience of foreign countries.

Влияние финансового сектора на экономический рост

The subject of the study is the influence of the financial sector and relevant parameters characterizing the financial sector of the economy on Russia's economic growth. The objectives of the work are to identify the main problems in assessing the impact of finance on economic growth, as well as to establish the degree of impact exerted by financial investments and wealth on the dynamics of the Russian economy at a selected time interval. The result of the study confirms the position that financial investments in Russia had a retarding effect on economic growth. The general conclusion of this study is that the basic imperative of financial markets should be the coordinated development of various economic sectors aimed at ensuring sustainable economic growth. The Russian financial sector significantly restrained economic growth at a certain stage, and a decrease in the interest rate led to a multiple increase in investments in fixed assets of the real sector. To achieve sustainable growth at a relatively high rate, it is necessary to solve the problem of purposefully providing finance for relevant types of economic activities based on plans for the structural organization of the national economy and management of changes in this structure. Budget planning is only one type of plan and cannot replace both indicative and general strategic planning and national economic plans. The modern theory of behavioral finance and financial mathematics does not take into account either the effects of panic, or the stochastics of the financial market, or the required ways of regulating it, which encourages scientists to develop new models of the financial sector and financial theory.

The managing the social image of an organization in the digital economy

The managing the social image of an organization in the digital economy

РОЛЬ ФИНАНСОВОГО ПЛАНИРОВАНИЯ В ИНВЕСТИЦИОННЫХ СТРАТЕГИЯХ

The article reveals the role of financial planning in investment strategies, as an integral element of successful management of an organization in a modern economy, which allows one to formulate the organization’s investment goals, determine the direction of financial resources and evaluate the expected economic effect. The authors characterize the methods of financial analysis in the context of financial planning and practical implementation at the enterprise in accordance with the organization’s development strategy. The investment goals that the organization sets for itself when implementing investment strategies are structured in tabular form. The importance of integrating investment aspects in financial planning is emphasized, taking into account the influence of digital tools on the demand for the company’s products and services. The importance of financial planning for making informed management decisions when choosing optimal investment instruments and sources of financing that allow an enterprise to effectively manage risks, optimize the capital structure and orient strategic priorities in accordance with the transformation of the business environment is summarized.

The economic institutions of artificial intelligence

Abstract This paper explores the role of artificial intelligence (AI) within economic institutions, focusing on bounded rationality as understood by Herbert Simon. Artificial Intelligence can do many things in the economy, such as increasing productivity, enhancing innovation, creating new sectors and jobs, and improving living standards. One of the ways that AI can disrupt the economy is by reducing the problem of bounded rationality. AI can help overcome this problem by processing large amounts of data, finding patterns and insights, and making predictions and recommendations. This insight raises the question: can AI overcome planning problems – could it be that central planning is now a viable option for economic organisation? This paper argues that AI does not make central planning viable at either the nation-state level or the firm level, simply because AI cannot resolve the knowledge problem as described by Ludwig von Mises and Friedrich Hayek.

How Do Highways Enable Firm Productivity? The Role of Innovation

Transport infrastructure has been found to shape various outcomes of economic organizations by lowering travel costs and improving market access. In this article, we examine the spillover effect of highways on firm-level productivity and introduce innovation as a potential underlying mechanism. We argue that connection to national highways overcomes the localization of knowledge spillover by connecting ideas, information, knowledge, and talent across regions, which further improves firm productivity. Using a manufacturing sample from 1998 to 2007 in the context of China, we find a positive relationship between connection to the highways and firm productivity, and this relationship is mediated by innovation performance. Our results also suggest that such a mediating effect is strengthened when a firm is located in a region with greater market liberalization or intermediary development. Our findings add to the knowledge of economic geography by providing new insights into the interplay between infrastructure and organizational outcomes.

Economic Diplomacy of Socialism: Participation of Comecon Member Countries in the UN Conference on Trade and Development 1964

In the early 1960s, in the context of decolonisation, the contours of international trade underwent significant changes, leading to the need to review the principles of international organisations in the field of economic development. To this end, the first Conference on Trade and Development (UNCTAD) was convened in Geneva in 1964 at the initiative of the United Nations. On the basis of the archival materials of the Russian State Archive of the Economy, which are being introduced into scholarly circulation from the funds of the Office of International Economic Organisations of the United Nations of the Ministry of Foreign Trade of the USSR and the Foreign Trade Department of the COMECON Secretariat, the article examines the basic principles of the practical implementation of the economic diplomacy of socialism with reference to the participation of the member countries of the Council for Mutual Economic Assistance in the UN Conference on Trade and Development in 1964. The united front of the COMECON member countries on the key issues of the agenda revealed serious contradictions in the camp of the Western countries and contributed to the strengthening of the influence of COMECON as an international organisation striving to make trade an instrument of economic development and to strengthen peaceful coexistence in the new realities of the post-colonial world order. Thus, the position adopted by the socialist countries during the conference clearly demonstrated the possibilities of economic diplomacy at the international level and gave the Soviet leadership every reason to use UNCTAD in the future as an important platform for defending the interests of the socialist countries, including in the struggle with the EEC for economic influence in the Third World. The development of the theme in question with the inclusion of previously unpublished documents from the Russian State Archive of Economic Diplomacy opens up a number of promising directions for research into the phenomenon of socialist economic diplomacy, and thus significantly expands the source base for the study of various aspects of socialist integration within the COMECON, including the mechanisms of economic decision-making at the international level in the context of interstate confrontation. The academic novelty of this study also lies in the fact that the participation of socialist countries in the activities of UNCTAD has so far received only fragmentary attention in Russian historiography.

ОЦЕНКА УРОВНЯ ЦИФРОВОЙ ЗРЕЛОСТИ МЕДИАИНДУСТРИИ РОССИИ

This work assesses the digital maturity of the Russian media industry, as a necessary stage for creating a digital transformation strategy for media companies. The research hypothesis is that there is a lack of relevant methods for assessing the digital maturity of the media industry in Russia. The research method-ology is based on two aspects: 1) the digital maturity of the media industry is understood as an element of the digital economy; 2) the digital maturity of the media industry is formed taking into account ap-proaches to assessing the digital maturity of other sectors of the economy. The study uses methods found in the literature, consulting and audit reports, and the reports of economic organizations. The pa-per proposes an approach to assessing the digital maturity of the media industry based on open data and a survey of media companies. This approach consists of two parts: the first part involves a rapid assess-ment of the digital maturity of the media industry using open data; the second part involves a more de-tailed assessment based on a survey of media company representatives. The statistical base was com-piled from HSE University reports and the online recruitment platform Headhunter (HH.ru). The result of the study is an assessment of four segments of the media industry: publishing, broadcasting, content production, and other services. Based on the results, we conclude that broadcasting is the most devel-oped segment by digital maturity indicator; the publishing segment is the least developed. The practical significance of the study lies in the possibility of media companies using the results to compare their own indicators with industry averages, which will help determine the need for their digital transfor-mation.

Законодательство о защите прав потребителей государств постсоветского пространства: компаративное исследование

Introduction. In the article, the authors consider a number of topical comparative problems of consumer protection in the states of the post-Soviet space. The relevance of this topic is due to the need to expand the methodological framework of scientific research on consumer protection issues, identify fundamental differences in legislation in order to eliminate obstacles to the creation of integration legislation of member states of the Commonwealth of Independent States, the Eurasian Economic Union, the Union State, and improve the conceptual apparatus in this area. Purpose. The authors' purpose includes the identification of common and special features of the legislation of the member states of regional economic organizations, other countries of the post-Soviet space and determination of directions for its convergence within the framework of existing organizations of regional economic integration. Methodology. The methodological basis of the study is the general scientific methods of dialectics, formal logic and system analysis (in particular, general logical methods of analysis, synthesis, induction, deduction and analogy, methods of observation, description and comparison), as well as modern private scientific methods of legal science (comparative legal, historical-legal and formal-legal). Results. The similarity of the legislation on consumer protection in the states of the post-Soviet space in terms of determining their foundations is stated. Its distinctive features are revealed in individual countries, in particular, in the field of special legal consolidation of contracts concluded with the help of technical means or at a distance, consolidation of unfair terms of consumer contracts. Conclusion. The authors propose directions for the unification and harmonization of the legislation of international regional organizations, such as the Commonwealth of Independent States, the Eurasian Economic Union, the Union State.

乡村振兴视域下农村集体经济组织有限破产制度探讨

乡村振兴视域下农村集体经济组织有限破产制度探讨

Headteachers Induction on Public Procurement Regulations and their Implementation in Public Secondary Schools in Kenya

This study sought to investigate the influence of Headteachers induction on public procurement regulations and their implementation in public secondary schools in Migwani District, Kenya. The study objective sought to determine whether the information provided during the induction on public procurement regulations was sufficient enough to influence headteachers’ effective implementation of public procurement regulations in their schools. This study is based on Social and Economic Organization theory (bureaucracy) by Max Weber (Max 1947). The study employed a descriptive survey research design. The target population consisted of 29 public secondary schools which consisted of headteachers. Two public secondary schools out of the 29 public secondary schools were used for pilot study. The sample size was 27 public secondary schools. Census was used to select a sample of 27 headteachers. The study used questionnaires as a tool for data collection. The instrument validity was tested by a pilot study. A test-retest technique was used to ascertain instrument reliability. From the findings, it was found that at least thirty-four-point eight percent (34.8%) of the headteachers which was below average said that the information given during induction training was sufficient while majority of the headteachers which was sixty-two-point two percent said that the information given during induction was not sufficient. The study concluded that comprehensive induction programs are essential for preparing headteachers to implement public procurement regulations. The study recommended that Headteachers in public secondary schools should be inducted immediately after appointment to headship positions.

Research on the Development Status and Countermeasures of New Cooperative Economic Organizations in Rural Areas in the Information Age

Abstract The article borrows game theory to analyze the development dilemma of new rural cooperative economic organizations. A rural cooperative economic organization that is based on game theory is proposed by describing the new rural cooperative economic organization and game theory. According to the subject of interest, the basic assumptions of the model are determined, and the game theory model for rural cooperative economic organizations is constructed by combining the basic assumptions and relevant variables, and the evolutionary stabilization strategy solution process is given at the same time. The development status of new rural cooperative economic organizations in the context of information technology is evaluated using the model mentioned above. When E 2 = 0.18, the probability of both parties choosing {cooperation, cooperative} strategy will increase to 82.3%. And E 2 = 0.82 will reduce the probability of forming complete cooperation to 71.5% through the introduction of cost and benefit distribution, supervision and punishment mechanisms to achieve a win-win situation for the community of interest, but there is still the probability of the two sides cooperating to choose the optimal strategy will become smaller, revealing that the current development of the rural cooperative economic organization has problems and shortcomings. In order to improve the development of cooperative economic organizations in rural areas, relevant strategies are proposed.

О ВОСПРОИЗВОДСТВЕННОЙ ФУНКЦИИ АМОРТИЗАЦИИ

The article discusses the theoretical and practical aspects of depreciation of fixed assets of an enterprise. The history of the emergence of the practice of calculating depreciation and the emergence of individual approaches to this problem of various economic schools is reflected. The depreciation of fixed assets in the work is considered from the standpoint of economic theory and economic practice. A comparative analysis of the calculation of depreciation of fixed assets is given in accordance with the theory of organizational economics and accounting practice in accordance with the new standard. In the work, depreciation of fixed assets is considered from two positions: as a transfer of part of the cost of fixed assets, equal to the cost of depreciation, to the cost of manufactured products in order to compensate for depreciation itself by investing depreciation charges in the reproduction of fixed assets and as a form of return of capital advanced to fixed assets. It is noted that in practice, no method of calculating depreciation ensures the full return on capital advanced into fixed capital, if investments are taken into account from the perspective of discounting in an inflationary economy. A set of measures is proposed to bring closer the tax and accounting procedures for calculating depreciation, as well as generally to improve the depreciation policy of the enterprise.

Rethinking non-governmental organizations – at the crossroad of economics and civil society

RESEARCH OBJECTIVE: The article aims to close the existing knowledge gaps, show why non-governmental organizations are founded and maintained, and elaborate and systematize the existing knowledge through an analysis of the existing subdisciplines within economics, laying the groundwork for the economics of non-governmental organizations.
 RESEARCH PROBLEM AND METHODS: The article was written based on a structured literature review with an approach similar to the grounded theory method. The research question is: Why are NGOs founded and what is their modus operandi?
 PROCESS OF ARGUMENTATION: After determining the research question, literature evidence was collected from a variety of sources, which led to the creation of a theoretical explanatory model. Nevertheless, a deductive, top-down approach has been taken to present the final model in a more comprehensible and transparent way.
 RESEARCH RESULTS: Based on the institutional hierarchy of O.E. Williamson and drawing from the theoretical framework of the economics of the public sector and the motives behind the sharing economy, a model was built that explains why NGOs are founded and maintained, thus elucidating the route from social theory (in particular, institutional environments) all the way to undertaking actions to solve a given issue.
 CONCLUSIONS, INNOVATIONS, AND RECOMMENDATIONS: The article influences and enhances the current state of knowledge regarding non-governmental institutions, including the placement of NGOs in particular disciplines within economics. It also significantly supports researchers doing subsequent studies regarding this area of social science. After further research in the proposed direction, more practical implications may arise in the future, including improvements in the management of NGOs that will facilitate their more efficient operation.

PROTECTION OF INFORMATION RESOURCES OF SMALL ENTERPRISES, INCLUDING THE SUBSYSTEM FOR MANAGEMENT OF NON-TECHNICAL ASPECTS OF INFORMATION SECURITY

Information is one of the key resources of a modern economic organization. Companies with access to up-to-date, unique, useful and reliable information can compete effectively with other economic entities in today’s turbulent economic environment. Information management takes place in the space of the information system. An increasing part of this system now constitutes the information system which has largely become the primary storage and processing environment for information resources.Information, regardless of the size of the enterprise, is exposed to similar threats and risks of loss or destruction. However, the size of an enterprise, through its material resources, its capabilities in hiring qualified staff, very often determines the range of possibilities to counter potential threats and minimize the potential risk of loss of intangible resources. In this paper, the author attempts to classify, identify the risk areas for small entities which generally have the least potential to implement effective, modern information security management processes. The empirical part presents the original design of a subsystem of the Information Security Management System supporting the processes of mitigating the risk of threats to intangible resources of small enterprises.

Large Cities and Economic Growth (based on the Georgian example)

The formation of market relations in Georgia and integrating its economy with the world economy have further enhanced the relevance of the solution of the problem of allocating the country's economic space unit and institutional organization. The difficult period of market relations formation is inseparable from the processes of transformation of cities, which is accompanied by the formation of a specific urban environment. The economic, financial and demographic development potential of society is significantly concentrated in cities. After gaining independence, the transition to the market system essentially changed the characteristics of the economic and social situation for both regions and individual territorial units. These changes significantly affected the cities, which faced with many challenges and as a result, a difficult socio-economic situation was formed in these cities. In the paper, we tried to study the role of cities in economic growth and we did this on the example of the self-governing cities of Georgia (Tbilisi, Kutaisi, Batumi, Poti, Rustavi). It turned out that self-governing cities of Georgia play a crucial role in the development of the country and regions. In these cities, the positive and negative sides of the socio-economic reforms implemented in the regions, in general, the main directions of the development of the regions and the country are most acutely manifested. Therefore, the economic development and strategic management of these cities acquire special importance. They generate more than 4/5 of investment and the total added value created in the country, the major share of turnover of the business sector and employment is recorded in this sector.