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In the Next Issues
In the next issues of the MEST Journal, among others, we will publish:
Zoran Cekerevac, Serghei Ohrimenco, and Petar Cekerevac
PROTECTING BLOCKCHAIN FROM IOT DEVICE ATTACKS: CHALLENGES AND SOLUTIONS To read the article before publishing click here
Abstract:
This paper focuses on the challenges and solutions in protecting blockchain technology from attacks through IoT devices, emphasizing the importance of integrating these technologies into modern systems. The study is based on the null hypothesis that there is no significant correlation between security challenges posed by IoT devices and the compromise of integrity, availability, or immutability of blockchain technology. While IoT devices enhance operational efficiency, they simultaneously represent vulnerabilities for potential cyberattacks that may jeopardize the security of blockchain systems. Identified security challenges, including DDoS attacks, data manipulation, ransomware, and protocol compromise, are analyzed through real-world cases and technological solutions. The analysis reveals that ...
This paper focuses on the challenges and solutions in protecting blockchain technology from attacks through IoT devices, emphasizing the importance of integrating these technologies into modern systems. The study is based on the null hypothesis that there is no significant correlation between security challenges posed by IoT devices and the compromise of integrity, availability, or immutability of blockchain technology. While IoT devices enhance operational efficiency, they simultaneously represent vulnerabilities for potential cyberattacks that may jeopardize the security of blockchain systems. Identified security challenges, including DDoS attacks, data manipulation, ransomware, and protocol compromise, are analyzed through real-world cases and technological solutions. The analysis reveals that Zero Trust architecture, smart contracts, cryptographic algorithms, and artificial intelligence significantly enhance the security and resilience of integrated systems. User education, standardization of IoT security protocols, energy-efficient solutions, and collaboration between industries and regulatory bodies are key to mitigating risks. Based on the analysis, a significant correlation between IoT-related security challenges and blockchain compromise was established, rejecting the null hypothesis. The paper offers recommendations for improving the security of these technologies, highlighting the need for continuous monitoring and innovation in IoT and blockchain environments. It is intended to be useful for cybersecurity professionals, researchers working on IoT and blockchain integration, and companies implementing IoT devices in industrial and commercial contexts.
Keywords: Blockchain, IoT Security, DDoS, Smart Contracts, Zero Trust.
REJOINDER TO JOFFE ON THE COMPATIBILITY OF LIBERTARIANISM AND ZIONISM To read the article before publishing click here
Abstract: Joffe (2024) maintains an either-or position on Zionism and libertarianism: you must choose one or the other, you cannot support both. If you do, you are illogical. Then he goes on to drive a wedge between the two. He mentions numerous arenas in which they supposedly divide. For example, the Israeli military’s harsh response to the atrocities of October 7, 2023, is incompatible with libertarianism. The citizens of that country are Zionists, and they mistreat the Palestinians in numerous ways. But this thesis fails since highly respected libertarians, leaders of this movement, disagree ...
Joffe (2024) maintains an either-or position on Zionism and libertarianism: you must choose one or the other, you cannot support both. If you do, you are illogical. Then he goes on to drive a wedge between the two. He mentions numerous arenas in which they supposedly divide. For example, the Israeli military’s harsh response to the atrocities of October 7, 2023, is incompatible with libertarianism. The citizens of that country are Zionists, and they mistreat the Palestinians in numerous ways. But this thesis fails since highly respected libertarians, leaders of this movement, disagree with one another. Both cannot be correct, one of them must necessarily be taking an anti-libertarian position. For example, Ron Paul is pro-life, and Murray Rothbard is pro-choice. Any theory that claims one or the other of them is not a libertarian, such as Joffe’s thesis does, is dead upon arrival. The present paper maintains, moreover, that there is no logical contradiction between the two as to the specifics. Namely, this author is in error in his condemnation of the Israeli citizenry and the IDF.
REJOINDER TO ORWELLIAN LIBERTARIANISM: GORDON AND NJOYA’S TOPSY-TURVY WORLD OF TWILIGHT ZONE LIBERTARIANISM To read the article before publishing click here
Abstract: Gordon and Njoya, in their work "Orwellian Libertarianism: The Topsy-Turvy World of Walter Block," heavily criticize me on a variety of issues related to libertarian theory, including shields, swords, negative homesteading, Hamas, and Rothbard. This paper serves as my response to their critique. These two authors uniquely claim that libertarian philosophy is perfect as it currently stands and that any changes or alterations are inherently flawed. This is particularly interesting because both scholars have made significant and novel contributions to the philosophy of freedom, thereby ...
Gordon and Njoya, in their work "Orwellian Libertarianism: The Topsy-Turvy World of Walter Block," heavily criticize me on a variety of issues related to libertarian theory, including shields, swords, negative homesteading, Hamas, and Rothbard. This paper serves as my response to their critique. These two authors uniquely claim that libertarian philosophy is perfect as it currently stands and that any changes or alterations are inherently flawed. This is particularly interesting because both scholars have made significant and novel contributions to the philosophy of freedom, thereby contradicting their new thesis. Talk about being hoisted by your own petard. They are highly critical of my introduction of the concept of "negative homesteading" to libertarianism. However, they do not provide any substantial criticism of this idea; they only dismiss it because it is novel. This stick-in-the-mud viewpoint is very surprising and disappointing, especially coming from two world-class philosophers who have previously shown great innovation and open-mindedness in their academic pursuits.
SHOULD THE STATE INVEST IN ELECTRIC CAR INCENTIVES, AND WHY NOT? To read the article before publishing click here
Abstract: Government subsidies are a powerful economic tool that allows the state to achieve its objectives. When combined with repressive measures, they become even more potent. The central question is whether the incentives are directed toward the right goals and carefully considered. If they are, the benefits can be substantial; otherwise, the consequences could be severe. This paper analyzes state investments in fostering electric vehicles (EVs). To better understand the effects of subsidies, the authors examined them from ecological, economic, and technological perspectives, as well as considerations of justification, timing, distribution of benefits, infrastructural challenges, and the potential creation of dependency on subsidies. The research is conducted based on ...
Government subsidies are a powerful economic tool that allows the state to achieve its objectives. When combined with repressive measures, they become even more potent. The central question is whether the incentives are directed toward the right goals and carefully considered. If they are, the benefits can be substantial; otherwise, the consequences could be severe. This paper analyzes state investments in fostering electric vehicles (EVs). To better understand the effects of subsidies, the authors examined them from ecological, economic, and technological perspectives, as well as considerations of justification, timing, distribution of benefits, infrastructural challenges, and the potential creation of dependency on subsidies. The research is conducted based on established research questions regarding whether electric cars are the best option for addressing climate change, whether government incentives are the best and fairest solution for increasing the share of EVs among the total number of cars in various countries and globally, and what the impact of government incentives is in the EV sector. This topic involves multiple fields, which resulted in the creation of specific null and alternative hypotheses. The authors conducted a detailed analysis of the claims about the importance and effectiveness of electric vehicles (EVs) in ecology and economic development. They present results organized into sections that discuss the advantages and disadvantages of government incentives for EVs. The paper concludes with findings and recommendations for a more effective reduction of environmental pollution caused by urban transportation.
Keywords: Electric vehicles (EVs), Government incentives, CO₂ emissions, Sustainable development, Economic growth, Public health, Technological innovations, Infrastructure.
ANALYSIS OF CHINA'S GROWING COMPETITIVENESS IN THE AUTOMOTIVE INDUSTRY: OPPORTUNITIES FOR COLLABORATION To read the article before publishing click here
Abstract: This paper explores the competitive challenges and opportunities facing the European automotive industry due to the green transition, digitalization, and growing global competition. With the EU’s declining global market share, increasing reliance on imports, and slower progress in electric vehicle (EV) innovation, the European sector is undergoing significant shifts. Despite these challenges, the growing presence of Chinese automakers presents opportunities for collaboration, particularly in EV development. By forming strategic partnerships with China and aligning regulatory frameworks, the EU can ...
This paper explores the competitive challenges and opportunities facing the European automotive industry due to the green transition, digitalization, and growing global competition. With the EU’s declining global market share, increasing reliance on imports, and slower progress in electric vehicle (EV) innovation, the European sector is undergoing significant shifts. Despite these challenges, the growing presence of Chinese automakers presents opportunities for collaboration, particularly in EV development. By forming strategic partnerships with China and aligning regulatory frameworks, the EU can leverage these opportunities to drive innovation, enhance market competitiveness, and strengthen its position in the automotive sector. Slovenia is highlighted as a case study of how EU countries can benefit from such collaborations, focusing on high-value-added services like research and development, engineering, and advanced manufacturing. The paper argues that through cooperation with China, Europe can address the changing dynamics of the global automotive market, meet its sustainability targets under the European Green Deal, and remain competitive in the automotive industry.
Keywords: Automotive, International trade, Trade policy, Globalization, Global competitiveness, China, Slovenia.
INFLUENCE OF PRODUCT QUALITY ON CONSUMER PERCEPTION WHEN CHOOSING A SPORTS BRAND To read the article before publishing click here
Abstract: This paper examines the impact of product quality on shaping consumer perception when selecting a sports brand. The research investigates three key aspects: the intrinsic quality of the product, its origin, and the innovation incorporated into its design. A quantitative survey was conducted with 174 valid responses, collected between January and March 2024 in the Republic of North Macedonia, providing a detailed analysis of consumer perceptions of various sports brands in the market. The results, validated through applying the Kruskal-Wallis test, reveal statistically significant differences in brand evaluations. Notably, brands that maintain consistent quality and integrate innovative features are . . .
This paper examines the impact of product quality on shaping consumer perception when selecting a sports brand. The research investigates three key aspects: the intrinsic quality of the product, its origin, and the innovation incorporated into its design. A quantitative survey was conducted with 174 valid responses, collected between January and March 2024 in the Republic of North Macedonia, providing a detailed analysis of consumer perceptions of various sports brands in the market. The results, validated through applying the Kruskal-Wallis test, reveal statistically significant differences in brand evaluations. Notably, brands that maintain consistent quality and integrate innovative features are more likely to secure consumer trust and foster loyalty. Moreover, the study emphasizes the importance of authentic brand presentation and high product standards as drivers of positive consumer experiences. This research significantly contributes to brand management theory and provides practical recommendations for market positioning strategies. Its insights are valuable for academics and practitioners, aiming to enhance competitiveness in today’s dynamic business environment. These findings underscore the need for sports brands to innovate while maintaining high quality, ensuring they meet consumer demands in a competitive marketplace. This overview establishes the theoretical foundation for the research, which will examine in detail the key aspects of product quality and its impact on consumer perception.
PROSPECTS AND OPPORTUNITIES FOR THE APPLICATION OF THE NUDGE CONCEPT IN RESEARCH PRACTICE To read the article before publishing click here
Abstract: The aim is to discuss the essence and field of application of the Nudge Theory in behavioral analysis by experts to improve the stages of the development and implementation of the entire cycle of public policies. The topic of nudging is relevant from the point of view of the efforts towards a friendlier green environment. It concerns the possibilities to include the participation of individuals and society in specific policies. The research involves several tasks. One task is to present the theory based on a literature review of existing publications. This review highlights the strengths, weaknesses, opportunities, and threats that pertain to theory. Another task is to showcase examples of ...
The aim is to discuss the essence and field of application of the Nudge Theory in behavioral analysis by experts to improve the stages of the development and implementation of the entire cycle of public policies. The topic of nudging is relevant from the point of view of the efforts towards a friendlier green environment. It concerns the possibilities to include the participation of individuals and society in specific policies. The research involves several tasks. One task is to present the theory based on a literature review of existing publications. This review highlights the strengths, weaknesses, opportunities, and threats that pertain to theory. Another task is to showcase examples of good practices. The research also emphasizes the role of society, identifying it as the key stakeholder in the efficient application of nudges. In the conclusion section, the authors present recommendations regarding possible future applications. The paper also identifies three principles that guide applying new behavioral insights to the development policies design and implementation. A specific field of focus is public transport, where nudging is of particular importance.
Keywords: Nudge, public policies, public transport, human behavior, positive influences
IMPACT OF INFORMATION ON BANKING SERVICES To read the article before publishing click here
Abstract: This study examines the role of information technology in enhancing the quality of banking services, with a specific focus on Algerian financial institutions. The research outlines an intellectual framework highlighting the critical importance of utilizing information technology effectively to access and manage necessary data, which is fundamental for fostering a competitive advantage. The analysis emphasizes the increasing awareness of the role that human skills and intellectual capital play in the evolving future economy. These elements are identified as key factors for the successful development of organizations. However, the study acknowledges the challenges Algerian banks face in ...
This study examines the role of information technology in enhancing the quality of banking services, with a specific focus on Algerian financial institutions. The research outlines an intellectual framework highlighting the critical importance of utilizing information technology effectively to access and manage necessary data, which is fundamental for fostering a competitive advantage. The analysis emphasizes the increasing awareness of the role that human skills and intellectual capital play in the evolving future economy. These elements are identified as key factors for the successful development of organizations. However, the study acknowledges the challenges Algerian banks face in estimating the direct impact of information technology on performance. Success in the financial sector is not solely determined by adopting advanced technologies, but rather by their appropriate application and integration. A significant obstacle for Algerian banks is the lack of skilled professionals capable of leveraging these tools effectively. The findings highlight the need for targeted investments in human capital to elevate the quality of products and services to a level comparable with that of developed nations. The study concludes by stressing the strategic alignment of information technology with institutional goals as a pathway to achieving sustainable growth and competitive service delivery.
DIGITAL TRANSFORMATION AND SUSTAINABLE ENVIRONMENTAL MANAGEMENT To read the article before publishing click here
Abstract: Recently, several studies have examined sustainable environmental management and digitalization, focusing on how digital transformation within companies influences their sustainable ecological practices. To monitor the development of environmental management and the digital transformation of society, a conceptual framework for collecting data on information society and as a framework for comparative analysis is essential. Therefore, fundamental indicators on the extent of ICT use in society at different levels of business and organization and following the EFQM business excellence model are crucial. That is mainly because of the ...
Recently, several studies have examined sustainable environmental management and digitalization, focusing on how digital transformation within companies influences their sustainable ecological practices. To monitor the development of environmental management and the digital transformation of society, a conceptual framework for collecting data on information society and as a framework for comparative analysis is essential. Therefore, fundamental indicators on the extent of ICT use in society at different levels of business and organization and following the EFQM business excellence model are crucial. That is mainly because of the logical design of the business excellence model and the meaningful, established business organizational units in the model. Business Environmental Excellence transcends traditional corporate responsibility; it has become a critical priority that global businesses must embed within their sustainable, green policies and strategic frameworks. The research done in this paper focuses on the extent of Slovenian micro and small companies’ digital transformation and which areas of the business system are most often the subject of digital transformation with impacts on sustainable environmental protection. This paper explores whether the companies analyzed prioritize creating new value for customers through digital transformation and investigates which dimensions of this transformation are most commonly associated with the concept.
Keywords: Digital Transformation, Environmental Management, Business and Organization, Micro and Small Companies in Slovenia.
Milan Mihajlovic, Aleksandar Savic, and Vladan Sarcevic
STAGES IN THE CONSUMER BUYING DECISION-MAKING PROCESS To read the article before publishing click here
Abstract: Deciding to purchase a product or service is a process in which reasons for and against the purchase of specific products or services are created and confronted in a customer mind. The result of this process can be a decision to buy a product or service. According to the psychological processes that play a key role, there are at least two types of purchase decision-making. One of the forms of making a purchase decision is the routine making of a purchase decision. Routine purchase decisions are ...
Deciding to purchase a product or service is a process in which reasons for and against the purchase of specific products or services are created and confronted in a customer mind. The result of this process can be a decision to buy a product or service. According to the psychological processes that play a key role, there are at least two types of purchase decision-making. One of the forms of making a purchase decision is the routine making of a purchase decision. Routine purchase decisions are the most common in people lives. For example, deciding to buy bread and other foodstuffs occurs routinely, almost always in the same store (market), at a similar time during the day, week, or month. Long-term memory (long-term memory) plays a key role in routine purchasing decisions. This paper investigates the buying habits of consumers. It analyzes the entire decision-making process of consumers when purchasing through five stages: awareness of the need, search for information, evaluation of alternatives, purchase, and evaluation after purchase.
Keywords: Consumer, Purchase, Need, Decision, Buying Behavior, Decision-Making.
STRESS MANAGEMENT AND GENERATION Y To read the article before publishing click here
Abstract: Workplace stress is recognized as one of the most critical psychosocial risks in today’s work environment, with profound implications for employee well-being and organizational performance. This paper provides a comprehensive examination of the concept of stress, drawing on historical and contemporary scientific perspectives, emphasizing physiological, psychological, and organizational dimensions. Theoretical foundations are analyzed through the work of Selye, Lazarus, Shapiro, Slavich, and others, alongside an exploration of predominant sources of occupational stress, including organizational, psychosocial, individual, and digital stressors. The article focuses on high-risk professions such as ...
Workplace stress is recognized as one of the most critical psychosocial risks in today’s work environment, with profound implications for employee well-being and organizational performance. This paper provides a comprehensive examination of the concept of stress, drawing on historical and contemporary scientific perspectives, emphasizing physiological, psychological, and organizational dimensions. Theoretical foundations are analyzed through the work of Selye, Lazarus, Shapiro, Slavich, and others, alongside an exploration of predominant sources of occupational stress, including organizational, psychosocial, individual, and digital stressors. The article focuses on high-risk professions such as healthcare, education, information technology, and service sectors. Furthermore, the study investigates stress coping strategies, including professional training, teamwork, employee assistance programs (EAPs), flexible work arrangements, positive organizational culture, and supportive leadership. An original empirical study involving over 50 respondents examines generational, gender-based, and professional differences in stress perception and response and the influence of managerial support. The findings highlight the necessity for a systemic and integrated approach to stress management that transcends individual responsibility and promotes organizational and cultural transformation. The paper concludes with practical recommendations tailored to the Macedonian context to enhance psychological well-being and workplace effectiveness.
Hanene Belahcene, Fatma Zohra Chaib, and Sabrina Djedid
ACHIEVING SENSING AGILITY THROUGH THE INTEGRATION OF COMPETITOR AND MARKET INTELLIGENCE To read the article before publishing click here
Abstract: This study aims to determine the impact of the integration between market and competitor intelligence on achieving sensing agility in 30 Enterprises within the food industry in the towns of Annaba, Skikda, and El-Tarf (Algeria). This was conducted using a triangulation approach that combines qualitative data analysis from a guided interview protocol with four executives (analyzed using NVivo v14), and quantitative survey data analysis collected from 120 executives (analyzed using SPSS v25). The study reached a few findings, the most important of which ...
This study aims to determine the impact of the integration between market and competitor intelligence on achieving sensing agility in 30 Enterprises within the food industry in the towns of Annaba, Skikda, and El-Tarf (Algeria). This was conducted using a triangulation approach that combines qualitative data analysis from a guided interview protocol with four executives (analyzed using NVivo v14), and quantitative survey data analysis collected from 120 executives (analyzed using SPSS v25). The study reached a few findings, the most important of which is that there is no significant effect of competitor intelligence on achieving sensing agility in the presence of market intelligence for the Enterprises under study. Based on this result, the study recommends that food industry Enterprises gather comprehensive information about competitors and changes in the competitive environment from multiple sources, considering that information is the foundational element that determines the success or failure of both competitor intelligence and market intelligence processes.
Leila Douch, Fodil Benkhaldi, and Mohammed Boumediene
DO INVESTOR SENTIMENTS DRIVE STOCK RETURNS? EVIDENCE FROM CSI300 FUTURES To read the article before publishing click here
Abstract: The impact of investor sentiment on stock prices has long been debated in financial economics, sparking discussions between traditional and behavioral finance. This study aims to analyze the effect of individual investors' emotions on stock market returns in Shanghai and Shenzhen, utilizing the DCC-GARCH model. By examining daily investment return series data for the joint index of both stock exchanges, the CSI300 futures return, during the period (2010-2020), the study provides insights into how investor sentiment shapes market trends. Additionally, a specialized index, constructed . . .
The impact of investor sentiment on stock prices has long been debated in financial economics, sparking discussions between traditional and behavioral finance. This study aims to analyze the effect of individual investors' emotions on stock market returns in Shanghai and Shenzhen, utilizing the DCC-GARCH model. By examining daily investment return series data for the joint index of both stock exchanges, the CSI300 futures return, during the period (2010-2020), the study provides insights into how investor sentiment shapes market trends. Additionally, a specialized index, constructed using the PCA method, is a key indicator for investors' emotions in China. The findings reveal a strong positive effect of investor sentiment on stock market performance, highlighting its role in driving price movements. Furthermore, the study identifies a significant positive dynamic conditional correlation between investor sentiment and stock returns for the CSI300 futures index. These results emphasize the importance of behavioral finance in understanding market dynamics, as emotional biases continue to influence stock volatility and long-term investment trends.
THE REALITY OF USING ARTIFICIAL INTELLIGENCE IN THE ACCOUNTING FIELD IN ALGERIA To read the article before publishing click here
Abstract: This study aims to evaluate the use of artificial intelligence technologies in the accounting field, emphasizing its importance in enhancing work quality and thoroughly examining the most significant impacts of this technology on the Algerian environment. To achieve the desired objectives, professionals were interviewed through a structured questionnaire distributed to 50 individuals. The obtained opinions were carefully analyzed, and the study hypotheses were tested using the SPSS V23 statistical package. Several key conclusions were yielded in the study, the most notable being that artificial intelligence (AI) technology provides essential support to accountants and external auditors, enabling them ...
This study aims to evaluate the use of artificial intelligence technologies in the accounting field, emphasizing its importance in enhancing work quality and thoroughly examining the most significant impacts of this technology on the Algerian environment. To achieve the desired objectives, professionals were interviewed through a structured questionnaire distributed to 50 individuals. The obtained opinions were carefully analyzed, and the study hypotheses were tested using the SPSS V23 statistical package. Several key conclusions were yielded in the study, the most notable being that artificial intelligence (AI) technology provides essential support to accountants and external auditors, enabling them to transition away from routine tasks. Furthermore, AI significantly contributes to professional development by facilitating new experiences and skills acquisition that expedite the efficient completion of duties and functions. Compared to traditional methodologies, AI-enhanced accounting and auditing software also facilitates the detection of significant risks by enabling AI technology to process and analyze substantial volumes of complex financial data.
Keywords: Technology, Artificial intelligence, Accounting, Financial data, Algerian environment.
THE IMPACT OF PRACTICING SERVANT LEADERSHIP DIMENSIONS ON ENHANCING ORGANIZATIONAL CITIZENSHIP BEHAVIOR To read the article before publishing click here
Abstract: Considering the growing interest in contemporary leadership styles that focus on the human element, servant leadership has emerged as an effective approach for enhancing performance and positive behaviors within organizations. Accordingly, the present study aims to measure the impact of servant leadership—through its dimensions of empowerment, concern for subordinates, and subordinate development—on the enhancement of organizational citizenship behavior (OCB) within a pharmaceutical company. The study adopted a descriptive-analytical approach, utilizing a questionnaire as the primary tool for data collection from a sample of the institution's employees. After analyzing the data ...
Considering the growing interest in contemporary leadership styles that focus on the human element, servant leadership has emerged as an effective approach for enhancing performance and positive behaviors within organizations. Accordingly, the present study aims to measure the impact of servant leadership—through its dimensions of empowerment, concern for subordinates, and subordinate development—on the enhancement of organizational citizenship behavior (OCB) within a pharmaceutical company. The study adopted a descriptive-analytical approach, utilizing a questionnaire as the primary tool for data collection from a sample of the institution's employees. After analyzing the data using SPSS Version 21, the results indicated that all dimensions of servant leadership and organizational citizenship behavior were present at a high level. However, testing the relationship between the variables revealed a statistically significant effect only for the concern for subordinates' dimension on OCB. The dimensions of empowerment and development showed no significant impact. This outcome is attributed to the specific organizational context of the pharmaceutical group, where the leader's humanistic and supportive role is perceived as a key factor in motivating voluntary behaviors. Accordingly, the study recommends strengthening this dimension within leadership policies and reconsidering the methods used to implement empowerment and professional development in ways that enhance their behavioral effectiveness.
Keywords: Servant Leadership, Organizational Citizenship Behavior, Empowerment, Concern for Subordinates, Development of Subordinates.
THE IMPACT OF DIGITAL COMMUNICATION ON THE EFFECTIVENESS OF BUSINESS NEGOTIATIONS To read the article before publishing click here
Abstract: This paper explores the impact of digital communication on the effectiveness of business negotiations, emphasizing its advantages, challenges, and strategies for optimization. Digital platforms, such as Zoom, Microsoft Teams, and email, have transformed negotiations by overcoming geographical and logistical barriers, enabling time and cost savings, facilitating asynchronous communication, and promoting greater inclusivity. However, challenges such as reduced nonverbal cues, technical issues, cultural misunderstandings, and limited emotional connection can impede negotiation outcomes. Using descriptive scientific methods, including ...
This paper explores the impact of digital communication on the effectiveness of business negotiations, emphasizing its advantages, challenges, and strategies for optimization. Digital platforms, such as Zoom, Microsoft Teams, and email, have transformed negotiations by overcoming geographical and logistical barriers, enabling time and cost savings, facilitating asynchronous communication, and promoting greater inclusivity. However, challenges such as reduced nonverbal cues, technical issues, cultural misunderstandings, and limited emotional connection can impede negotiation outcomes. Using descriptive scientific methods, including analysis, synthesis, induction, and deduction, the study integrates findings from literature and case studies to propose practical strategies. These include establishing clear communication protocols, prioritizing video calls, training staff on cultural sensitivity, combining synchronous and asynchronous channels, and leveraging emerging technologies such as artificial intelligence and virtual reality. The paper concludes that while digital communication offers significant opportunities, careful management of its limitations is crucial to maximizing the effectiveness of negotiation, with further research needed on cultural influences, AI applications, and long-term effects on business relationships.
Keywords: Digital Communication, Business Negotiations, Digital Platforms, Cultural Differences.
THE ROLE OF THE MANAGEMENT ACCOUNTANT IN LEADERSHIP DECISION-MAKING PROCESSES To read the article before publishing click here
Abstract: Successful company management requires constant adaptation to dynamic business conditions. Sound managerial decisions must rely on precise, comprehensive, and timely data, with accounting playing a key role in this process. Modern technologies continuously reshape business landscapes, and management teams must adapt swiftly. One major challenge, especially in management accounting, is redefining reporting strategies in an era of digital transformation. The increasing reliance on data-driven decision-making demands advanced analytics, enabling companies to react more effectively to market shifts. Accounting information systems have evolved, becoming more sophisticated and functional with the introduction of Enterprise Resource Planning (ERP) systems. These systems ...
Successful company management requires constant adaptation to dynamic business conditions. Sound managerial decisions must rely on precise, comprehensive, and timely data, with accounting playing a key role in this process. Modern technologies continuously reshape business landscapes, and management teams must adapt swiftly. One major challenge, especially in management accounting, is redefining reporting strategies in an era of digital transformation. The increasing reliance on data-driven decision-making demands advanced analytics, enabling companies to react more effectively to market shifts. Accounting information systems have evolved, becoming more sophisticated and functional with the introduction of Enterprise Resource Planning (ERP) systems. These systems enhance efficiency across departments by supporting planning, budgeting, forecasting, and financial reporting, ensuring data consistency and operational effectiveness. Effective leadership is also essential in ensuring that management teams and employees successfully navigate these changes. Strong leaders foster a culture of innovation, adaptability, and collaboration, enabling teams to integrate new technologies and methodologies. Successful leadership in a digitalized world requires agility, strategic vision, and clear communication, ensuring teams remain motivated and aligned with organizational objectives.
Keywords: Leadership, accounting, management, teams and teamwork, decision-making.
Lyudmila Prigoda, Madina Alikaeva, and Zoran Cekerevac
ECONOMIC SANCTIONS IN A GLOBAL CONTEXT: RUSSIA’S ADAPTATION AND SPILLOVER EFFECTS To read the article before publishing click here
Abstract: This study aims to provide a comprehensive analysis of the impact of sanctions policy on economic stability across various countries and to assess the degree of interrelation between imposed sanctions and inflationary pressures within their respective economies. The initial hypothesis assumed a direct correlation between measures of economic isolation and significant negative outcomes for the targeted economies. However, the findings suggest that such an assertion warrants careful reconsideration and a case-specific examination of individual structural factors. For example, the Russian economy has exhibited notable resilience despite a . . .
This study aims to provide a comprehensive analysis of the impact of sanctions policy on economic stability across various countries and to assess the degree of interrelation between imposed sanctions and inflationary pressures within their respective economies. The initial hypothesis assumed a direct correlation between measures of economic isolation and significant negative outcomes for the targeted economies. However, the findings suggest that such an assertion warrants careful reconsideration and a case-specific examination of individual structural factors. For example, the Russian economy has exhibited notable resilience despite a broad array of restrictive measures imposed by international institutions and several Western states. The analysis highlights the Russian capacity to adapt effectively to changing external conditions, as demonstrated by strategies focused on diversifying foreign trade relations, advancing import substitution programs, and increasing the share of domestic producers in the national market. Despite substantial external pressure, the Russian GDP continues to grow, reflecting signs of sustained economic resilience. Moreover, individual sectors of the economy have demonstrated strong resistance to external shocks, contributing to overall financial stability and a decline in inflation expectations. These findings suggest that sanctions cannot be universally regarded as inherently destructive for recipient economies. Rather, the importance of country-specific circumstances and adaptive capacities must be acknowledged, emphasizing the complexity of policymaking in the realm of international economic relations.
Keywords: economic sanctions, inflationary effects, sanction-induced structural shifts, Russia’s monetary policy, central bank interest rate, economic resilience, geopolitical trade realignment.
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