The Sustainability of Resource-Sharing Family Business in Relation to Family Non-Economic Goals

Small and medium family businesses have distinct characteristics that differ from large corporations, with distinct challenges to their owner-managers. Many entrepreneurial families seek to achieve non-economic goals and share familial resources without compensation, not necessarily maximization of their sustainable value. As a consequence, traditional financial reporting is of limited use to them, as it does not reflect their priorities. This article introduces sustainability elements in the socio-emotional-wealth theory; identifies a family business type called resource-sharing; proposes a financial ruleset to quantify the sustainable financial position of the company regarding the achievement of non-economic goals of the family; and introduces an integrated mechanism to identify strategic implications for both family and business. Concepts are applied to family businesses from three countries, to verify applicability and usefulness.

Labour in Pandemic Capitalism

This article aims to point out some of the main destructive trends in relation to the working class that, although not caused by the covid-19 pandemic, are being widely intensified amid this health crisis. Thus, the intention is to show that the antisocial metabolism of the capital system has been developing ‘laboratories’ to experiment with labour, driven by large corporations and digital platforms, of which ‘Uberised work’ and remote working from home are examples, and that these trends have tended to expand in the post-pandemic period, further aggravating the precarious conditions of the working class on a global scale. Long working hours, intense forms of exploitation and the complete lack of labour rights constitute some of the main proofs of these precarious conditions, resulting in the elimination of large sectors of the working class that have become superfluous and disposable, thus increasing unemployment.

Quantum Internet and Security of Military Communications

In general, the Internet relies on complex codes to protect information, but hackers are becoming more adept at defeating such systems. These cyberattacks lead to privacy breaches of government officials, as well as large corporations, costing billions of euros per year in total and compromising customer data. According to ENISA reports, these numbers are set to rise. Quantum technology is seen by scientists as a revolutionary replacement for standard encryption techniques.

How Should the State Interact Constitutionally with Corporations which have significant power and influence over its population? Lessons from the Impeachment of Warren Hastings, 1788-1795

How to maintain constitutional accountability over large corporations is an increasing theme in contemporary politics. The impeachment trial of Warren Hastings in 1788-1795 addressed this directly with the behaviour of the East India Trading Company. What lessons for today are illustrated by this historical trial?

Covid-19: Prospering Industries & Oversize Management

With COVID-19, many businesses have failed, while other industries and corporations have seen profits increase, and are likely to continue to do so post-pandemic, in line with the trend of the oversize economy. Coronavirus 2019 has caused a major economic shock, in addition to its tremendous impact on global health, pushing the biggest corporations towards an outburst of the new, basic drivers of global capitalism (Health; Energy; Food; Communication). That is, the pillars of global competition that start from an oversize management in order to fix the competitive landscapes of large corporations.

Uneven Use of Remote Work to Prevent the Spread of COVID-19 in South Korea's Stratified Labor Market

Background: This research analyzed whether South Korean companies adopted remote work during the COVID-19 pandemic by focusing on the dual labor market structure comprising of primary sector (large corporations) and secondary sector [small and medium enterprises (SMEs)]. Companies in the dual labor market were classified based on firm size.Methods: We used August supplementary data from the Economically Active Population Survey covering 2017–2020 provided by Statistics Korea. In this empirical study, a Linear Probability Model was used to analyze the probability that employees would work for companies that introduced remote work since COVID-19 depending on the size of the company.Results: This study showed three main results. First, unlike other flexible work systems, the use of remote work has increased rapidly since COVID-19. Second, the larger the size of the company, the higher the probability that employees would work for companies that introduced remote work after COVID-19. Third, according to the analysis by industry, the difference in remote work utilization between large corporations and SMEs was relatively small because of a similar working method in manufacturing.Conclusion: Results of this study suggested that polarization within the dual labor market structure also spilled over to adoption of remote work, which was initially introduced to prevent the spread of the pandemic. This study examined the system and factors of labor-management relations contributing to such polarization and presented policy directions for the current labor market structure.

METHODS FOR DEFINING THE ORGANIZATIONAL STRUCTURE FOR AN IT STARTUP

The article reveals a mechanism for determining the most suitable organizational structure for a startup. An analysis of the organizational structures of already operating startups, as well as a comparison with large corporations and their style of work has been carried out. As a result, an organizational structure will be chosen that is most suitable for companies creating innovative products.