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Next Generation Performance Appraisals. Balancing Administrative and Development Goals
Traditionally, performance appraisal systems (PAS) have teetered between an ostensibly “administrative” purpose, using comparisons between individuals to make important decisions with organizational implications (awarding bonuses, assigning tasks, or green-lighting promotions and salary increases), and a “developmental” approach, based on identifying employees’ strengths, weaknesses and ...
The Ocean Disclosure Initiative. A New Platform for Collective Change
The Business for Ocean Sustainability Report, Third Edition: Seizing the Blue Opportunity[1] (One Ocean Foundation et al., 2023) examined, in part using generative artificial intelligence (GenAI), a comprehensive sample of over 2,500 annual or sustainability reports from international companies. The focus was on analyzing objectives, actions, and outcomes concerning direct and indirect impacts on ...
Key Factors for Managing AI in Business
Some advances in knowledge and its application undoubtedly arouse more interest than others, raising many hopes for solutions to humanity's problems. In this case, we are referring to artificial intelligence, which has become the subject of debate and competition between the supporters and detractors of a discipline that is now at the center of the world's attention because of its importance and the ...
Internet of Beings. AI and Hyper Data Revolutionize Healthcare
The use of telemedicine dates back to at least as early as the inception of the Internet (Hjelm, 2017). In the same year that Vincent Cerf and Robert Kahn proposed using the Internet Protocol for internal Pentagon communication, astronauts donned spacesuits equipped to continuously monitor their vital signs, sending data back to Houston and streaming it live to a global audience during the Moon landing. ...
At the Wheel with Gen Z. Charting the Roadmap for Future Urban Mobility
The UN’s 2030 Agenda emphasizes the pivotal role of mobility in the Sustainable Development Goal 11 (SDG 11), focusing on safe, affordable, accessible, and sustainable transportation (United Nations, 2023). In parallel, the European Green Deal aims to achieve climate neutrality by 2050, highlighting sustainable and smart mobility initiatives and investments in clean technologies (European Commission, ...
Inclusive Brand Activism. Driving Social Change Beyond Woke Washing
In today's economic and social environment, characterized by phenomena ranging from globalization to digitization, intensifying conflicts, and post-pandemic behavior, the role of companies extends far beyond offering products or services. Consumers now expect businesses to take social responsibility by actively promoting change and adopting clear ethical positions. This phenomenon, known as brand ...
Embracing Expert Approaches in Modern Credit Rating Modelling
A bank's ability to create value for its stakeholders depends on its proficiency in accurately assessing the reliability of its current and potential clients. This assessment is conducted through rating models, which make it possible to measure customers' probability of default and the risk level of the investment projects for which they seek financing. Such models are essential tools for deciding ...
Microfinance: A New Sustainable Asset Class on the Horizon?
The dual objective of microfinance – expanding financial services to marginalized communities while generating sustainable returns for investors – creates a unique intersection between social impact and financial resilience (Mustafa et al., 2018). Furthermore, numerous studies (Banna et al., 2022; Dowl, 2018) position microfinance as a pioneering element in the fintech industry (Ashta and Hermann, ...
The European Commission's ComPAct: Bringing Innovation to EU Public Administrations
The communication “Enhancing the European Administrative Space,” also known as “ComPAct,”[1] was adopted by the European Commission on October 25, 2023. It is innovative in that, for the first time, the Commission proposes a comprehensive set of actions in support of administrative modernization and cooperation in and between Member States at all levels (national, regional and local). The ...
A Forward-Looking Vision. Rethinking HR Strategies and Public Employee Roles
People are an organization's most adaptable asset, embodying a diverse set of skills, roles, expectations, and motivations that evolve over time. The organization can choose to be a passive bystander to this change, or it can play an active role by facilitating and managing change: in the former case, organizations that are slow to respond to contextual demands risk being unprepared for crises and ...