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Do We Let Businesses Get away with Dodgy Ethics and Loose Morals? An Application of Markov Random Fields
Whatever the context, in today’s world, disagreements are unavoidable. People routinely fail to find common ground on matters that matter. Curiously, the format – the nature of disagreements - evolves too. Frequently, a feeling, an attitude, is connected to another one which alters as people age, switch political aisles etc. Businesses – large and small – striving to stay afloat amidst the current economic climate – offer sterling examples of scenarios where paying attention to these differing attitudes could create all the difference. The way these businesses function, their methods of generating revenue, may be viewed by young college graduates in one way, by more experienced professionals with business backgrounds in quite another way and it is immensely crucial, on the part of the organization, to navigate the situation carefully. A recent Gallup survey done on 5757 respondents supplies us with rich data on such exciting matters. With a careful selection of feeling and action questions, and through a careful deployment of a specialized network structure – the Markov random field – we bring out statistically insightful differences: how, for instance, with conservative-leaning respondents, the most crucial hub of this field – the node that exerts the greatest collective correlational pull – is whether the business operates in a way that is sustainable for the environment and the planet, while for liberals, it is whether the business offers fair wages to workers of all types.
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