Compromised Fiduciaries: Conflicts of Interest in Government and Business
In: Minnesota Law Review, Band 95, S. 1637
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In: Minnesota Law Review, Band 95, S. 1637
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Introduction. Interest is a complex transformational category, whose role in the modern economic system is difficult to overestimate. The development of economic interests is a stimulating factor for economic change, the development of markets, the emergence of new industries, sectors of the economy. Interest is the basis for the formation of the needs of the population, enterprises, the state and other components of market relations. Due to interests and their transformations, technologies are being developed, innovations are introduced, scientific and technological progress is stimulated, and the structure and connections in the market are changing. Interest is at the heart of choice and decision making.The purpose of the article is to outline the scientific essence of economic interests, their role in cluster formation and harmonization of economic development.Methods used in the article: theoretical analysis and synthesis of the test material, scientific abstraction, social and qualitative research methods.Results The internal specificity of regional economic and market development tends to change the priorities and vectors of forming economic interests. Changes in their nature and structure are characteristic of the period of transformational transformations and unpredictable development of the economic situation.Economic interests are directly related to the economic development of the region and can create preconditions, identify trends and shape its prospects. Effectiveness of economic interests, their effectiveness, that is, that directly embodied in concrete steps for their realization is determined by two mandatory conditions of influence (power) of economic interests on the development of the economy in the region at a certain period of time: a single vector; totality (mass).Harmonious regional development, which is an effective combination of interests in the main spheres of social life (social, economic, political, etc.), can be both a consequence of the implementation of the economic interests of clusterization and their motive. Currently, application of managerial approaches based on the definition of the motive (strategic goal), on which all other decisions are based, are relevant. We define this path as perspective and justified from the point of view of modern science in order to achieve the harmonious development of the territory through the adoption of appropriate economic, in particular cluster solutions.The originality of the article is to formulate a modern definition of the category of economic interests, to specify their properties and characteristics in order to become an effective management tool in the harmonization of regional economic development.provisions set out in the article are grounds for forming the following conclusions:1) for the active orientation of the regional economy to cluster formation, studies of economic interests, their features and characteristics in the modern transformational economic system are necessary;2) strategic objectives, such as harmonization of regional development, must be justified by transparent projects and simple arguments in order to ensure that the interests of the participants are massive and have a single direction;3) the justification is the driving force of interests, as well as the assessment of risks and the probability of their occurrence. In order to achieve clustering goals, special attention should be paid to studying the power of participants and the evaluation of inhibitory factors;4) As an element of governance, economic interests are a very volatile category, therefore, at all managerial stages, it is necessary to create supportive and new interests (motives) to encourage participants to achieve their goal.Conclusion. The prospect of further research is to substantiate new properties and characteristics of economic interests as a management tool. The selection of mobile and non-mobile groups of economic interests highlights the relevant directions of further research relevant to the current state of the economic system.
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This article analyzes the harmonization of governmental bureaucracy to achieve good governance. The results of this research show that some things that are related to good governance are public policies, participative public policies, reform of a governmental bureaucracy, and social empowerment. Public policies must be derived in a set of implementing guidelines and technical guidelines that apply internally in a bureaucracy. Apart from formally fulfilling society's public rights, inspiring public policies are involved in the development plans of a particular area. A clear and consistent instrument is also created to develop a mechanism of social participation. The reformation of governmental bureaucracy to achieve good governance is directed to the change process and the target achievement that includes: a) the actualization of a value system that becomes the basis and the reference for a behavioral system of good governance, b) structure: the state or social institutional order at every area unit, c) process (management in all of its functions, in the activity dynamics and the public and private entities), d) apparatus resources. Social empowerment through the good governance mechanism will lead to co-guiding, co-steering, and co-managing processes.Keywords: Bureaucratic Harmonization; Government; Good Governance. ABSTRAKArtikel ini menganalisis harmonisasi birokrasi pemerintah untuk mencapai tata kelola pemerintahan yang baik. Hasil penelitian ini menunjukkan bahwa beberapa hal yang berkaitan dengan tata kelola pemerintahan yang baik adalah kebijakan publik, kebijakan publik partisipatif, reformasi birokrasi pemerintahan, dan pemberdayaan sosial. Kebijakan publik harus diturunkan dalam seperangkat pedoman pelaksana dan pedoman teknis yang berlaku secara internal dalam birokrasi. Terlepas dari secara resmi memenuhi hak-hak publik masyarakat, kebijakan publik yang menginspirasi terlibat dalam rencana pembangunan daerah tertentu. Instrumen yang jelas dan konsisten juga diciptakan untuk mengembangkan mekanisme ...
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The paper presents the organization as a collaboration of multiple and diverse constituencies and interests, referred to as stakeholders. Stakeholder view of the organization integrates stakeholder relationships within a company's resource base, industry setting, and sociopolitical arena into a single analytical framework. Although it is not that difficult to envision a stakeholder focus in running a business, it is exceedingly difficult to implement such a focus. The key relationships for a business go far beyond the relationships with its customers to include the relationships with its employees, as well as those with suppliers and partners, investors and market analysts, and even government regulators, trade associations and other entities that influence the general business climate in which a given business operates. The paper introduces an integrated strategy for building a network of collaborative stakeholder relationships based on fundamental shift in management philosophy and attention. Singular needs and interests of stockholders are replaced by a focus on understanding and balancing the interests of all company's key stakeholders. It is not easy to find mutually beneficial relationship between organization and its stakeholders. Quite often building a network of reciprocal relationships with all stakeholders is not simple. In most companies, competitive pressures keep all eyes focused on the short term goals, making it extremely difficult to bring long-term issues to the forefront. Traditional accounting systems based on financial measures of performance make it difficult to assess the impact of intangibles like relationships or reputation. And collaboration means letting go out of control, which is always difficult for corporate managers schooled in the art of competition. There comes total quality management which can throw the new light on cooperation between stakeholders and organization offering new solutions in harmonization of these relationships. Comparing the characteristics of total quality ...
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In: CESifo Working Paper No. 7427
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Working paper
In: Journal of public administration research and theory, Band 24, Heft 4, S. 879-896
ISSN: 1053-1858
In: Acta politica: AP ; international journal of political Science, Band 45, Heft 1-2, S. 247-267
ISSN: 1741-1416
The article presents the theoretical and practical aspects of interests' harmonization between a business and the government in terms of tax reform and its influence on the contemporary economic situation in Ukraine. The research actuality in the conditions of economic crisis is justified. The main directions of improving the functioning of the tax reform mechanism in domestic practice are highlighted. Key words: tax reform, economics in the conditions of crisis, market mechanism, harmonization of interests of business and government. ; У статті розглянуто теоретичні та прикладні аспекти гармонізації інтересів бізнесу та влади в умовах податкового реформування та їхній вплив на сучасну економічну ситуацію в Україні. Обґрунтовано акту-альність дослідження даної проблематики в умовах кризового стану економіки. Виділено основні напрямки покращення функціонування механізму податкового реформування у вітчизняній практиці. Ключові слова: податкова реформа,економіка в умовах кризи, ринковий механізм, гармонізація інтересів бізнесу та влади
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It is of great theoretical and methodological importance to determine the correlation between global security and sustainable development, the combination of national and universal interests. In this case, the analysis of the content of global security and sustainable development in terms of the categories of individuality, specificity, generality, dividing them into spheres of influence: local, national, regional, global or international, serves to determine their development trends. This article analyzes the issues of combining national and universal interests in ensuring global security and sustainable development at a new stage of development of Uzbekistan.
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In: Journal of public administration research and theory, Band 24, Heft 4, S. 879-896
ISSN: 1477-9803
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Working paper
Digitised version produced by the EUI Library and made available online in Open Access in 2021 for research or private study purposes
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In: European University Institute - Series C Ser v.8
In: Chapter for 'The Balanced Company: Organizing for the 21 Century' (eds. Inger Jensen, John Damm Scheuer, Jacob Dahl Rendtorff), Gower Publishing, 2013
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