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Managing International Political Risk: Arising Challenges for Multinationals in a Changing World
(2018)
Political risk management is a basic area especially for multinational companies to study particularly these days. In the current global environment of high political risks and policy uncertainty, it is valuable to examine the evolution of political risk perceptions of multinationals and also the tools and techniques they use to skilfully manage such risks. It is an imperative for companies, countries, business professionals and politicians, to get together for discussion about future developments and about options for securing global solidarity to the good of people and business in existing normative frameworks.
In this respect, Würzburg International Business Forum’s International Business Conference (24-25 May 2018) brought academics, professionals, business people and representatives of the public sector from the world together to analyse the current situation, trying to foresee future developments regarding political risk management within the framework of foreign direct investment and all other activities of multinational corporations.
In der gesamten EU gilt erstmals die EU-Datenschutzgrundverordnung (DSGVO) als unmittelbar anzuwendendes Recht und betrifft damit sämtliche Unternehmen, die ihre Produkte auf dem europäischen Markt anbieten möchten. Szidzek und Bolsinger analysieren ordnungsethisch, juristisch und wirtschaftspolitisch die Chancen aus der neuen Norm für Unternehmen, Vertrauen zu Kunden und Gesellschaft aufzubauen, um ihre »license to operate« zu sichern. Anhand eines exemplarischen Praxisbeispiels mit Amazon werden im Artikel wesentliche Grundlagen für Vertrauensaufbau und -sicherung vor dem Hintergrund der neuen
Datenschutzanforderungen aufgezeigt, die vor allem in vertrauensbasierten Märkten höchste Relevanz besitzen.
The current global financial and economic crisis has created an unprecedented recession and very high employment in addition to huge environmental and social problems. All these have stimulated discussions among economists regarding the need for a new paradigm allowing »fairness«, »ethics«, »social and ecologic responsibility« and »sustainability« to come to the fore in the economic system.
Zeitgemäßes Wertemanagement als Basis jeder Nachhaltigkeit in der Unternehmensführung und jeden glaubwürdigen Nachhaltigkeitsmanagements berücksichtigt sichtbare und vordergründig unsichtbare Faktoren aus dem Menschen und der Organisation. Eingebettet in das Grundverständnis von Sinnfragen der handelnden Akteure ist es eine wertebezogene Daueraufgabe, im Unternehmen diskursethisch und reflexiv ein optimal verbindendes und strategieunterstützendes, einzigartiges Werteportfolio zu identifizieren, zu managen und weiterzuentwickeln. Wie dieses sinnzentrierte Wertemanagement gelingt, wird anhand der Grundlagen des praxisorientierten Wertemanagementkreislaufs erläutert.
This article examines the hiatus between constitutional principles and value-orientated practices.
It considers the risks that are at stake when the actualization of regulative principles fails in political reality, diagnosing that the political, economic, and social reality is frequently lagging far behind the potential of constitutionally guaranteed rights and duties. To this end significant parallels in the genesis of the Bavarian and the Indian Constitution are highlighted and the importance of value rankings is shown by reference to central insights of the founder of the »Soziale Marktwirtschaft« (»social market economy«) Ludwig Erhard. The authors defend the thesis that values sail in ballast when they are not part of practiced virtues. This article is the revised version of the study »The Value of Constitutional Values: An Exploratory Study of the Constitutions of India and Bavaria« first published in: Tattva. Journal of Philosophy, Vol 9, No 1, 2017, pp. 13-30; Tattva is a double blind peer-reviewed journal.
Sustainability mainstreaming in the financial sector is the most important precondition for an economic paradigm shift from the destructive and unsightly profit maximization to the common welfare orientation under human conditions. It means mandatory compliance with the prevailing normative achievements of society and voluntary contributions to the vision of a sustainable world. It needs to make both points visible to the global civil society, in particular to consumers of financial products, to break out of the vicious circle seen in financial markets today. The article gives a first definition of sustainability mainstreaming and shows why and how sustainability mainstreaming in the financial sector should be discussed.