Drawing from a broad range of sources, we define and discuss the two primary ways of contemplating issues related to environmental economics, namely, interventionism and libertarianism. We then interpret a cellular automaton as a model that allows for either approach, as well as anarchy, and...

Faced with the pressures of a modern, open society, the traditional economic approach has become a top subject of debate among economic thinkers and business planners. Nowadays, more and more authors bring collateral arguments to analyse the concept of wellbeing. We bring to attention a new way...

This article investigates the role of company's core competences in increasing product value for customers. The conceptual model included the steps of managing a company's core competences confirms that developing core competences makes company's products more valuable for its customers and thus...

This paper structures ten effective implications/lessons of the most recent bank bailouts of 2007-2009 in the Western economy model when analysing actual shareholders' value retrenchment or growth opportunities. The author finds that recent bank bailouts relate to: global bailout...

The positive impact of a well organised reputation management has been sufficiently discussed in literature. It strikes that the majority of the studies is limited to the positive impact on major enterprises. It was found, that in particular, medium-sized companies with flat hierarchy structures...

Changes in how people are managed have become central for many companies, including companies in the Mediterranean region, and the success of organisations is increasingly seen as at least partly dependent upon a group of 'super performers' or 'talents' is proving increasingly influential,...

The aim of this paper is to study the relationship between human resource management (HRM) and organisational performance in the Italian hospitality sector. In particular, it investigates the extent of adoption of HRM practices, the existence of formal HR strategies, and the degree of...

The purpose of this paper is to reflect on an innovative initiative taken spontaneously by producers in the supply chain of the table grapes and wine industry to empower employees. Empowerment is a fundamental force for change in doing business in South Africa and its societies, especially in...

The purpose of this paper is to investigate the cultural determinants of local subsidiaries' initiatives. An exploratory and qualitative research, conducted in a Polish subsidiary in the telecommunication sector, indicated that the entrepreneurial culture of the subsidiary is not the unique...

The failure of conventional development to combat poverty has given rise to the concept of sustainable development. After decades of experience with Western economic models, the non-industrialised countries continue to suffer from inadequate economic stimulus to sustain growth. The Gulf...