Tag: Corporate Governance
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Institutional Courage
Institutional courage, as developed by Jennifer Freyd, is an approach where organizations address their own failings to maintain ethical standards and integrity. This concept includes recognizing past mistakes, enhancing transparency, and reinforcing accountability, key factors in rebuilding trust and fostering responsible leadership in institutions.
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Institutional Betrayal
Institutional betrayal occurs when institutions, expected to be protective and supportive, instead cause harm or breach trust. This concept, prevalent in diverse organizational settings, highlights the critical role of power dynamics and the importance of institutional accountability and ethical practices.
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The Great Enshittening
The Great Enshittening delineates a decline in tech companies’ service quality, marked by a shift from user-focused benefits to prioritizing shareholder gains, impacting user trust and market dynamics, and emerging as a notable trend in technology sector analysis.
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Risk Management
Risk management is a systematic process for identifying and addressing potential risks and opportunities in various contexts, including organizations and projects. It combines quantitative and qualitative analysis to minimize negative impacts and maximize positive outcomes, adapting to evolving global trends and technological developments.
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Opportunism
Opportunism, fundamentally characterized by the pursuit of immediate benefits, manifests in politics, business, and personal relations, emphasizing short-term gains over long-term stability and ethics. Its evolution, rooted in adaptability and moral flexibility, offers a complex perspective on decision-making across various contexts.
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Time Horizon
Time Horizon, a concept spanning various fields, refers to the duration over which decisions and investments remain relevant. It plays a crucial role in strategic planning, influencing risk management and long-term goal setting across different cultural and societal contexts.
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Pecunia Non Olet
“Pecunia Non Olet,” a Roman maxim meaning “Money does not stink,” delves into the ethical ambiguity surrounding the origins of wealth. It has legal, economic, and social ramifications, and remains relevant in modern debates from digital currency to ethical investing.
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Institutional Entropy
Institutional entropy describes the gradual decline in organizational efficiency and purpose over time. Influenced by both internal structures and external forces, the concept highlights the inevitable challenges that institutions face in maintaining order and achieving objectives.
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Principal-Agent Problem
The Principal-Agent Problem occurs when a person (the principal) hires someone else (the agent) to act for them, but the agent may not always act in the principal’s best interest due to differing information or motives. Solutions involve creating better incentives and transparency.