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Platform Economy
The platform economy encompasses economic and social activities facilitated by digital platforms. These platforms — such as Amazon (company), Amazon, Airbnb, Uber, Microsoft and Google — serve as intermediaries between various groups of users, enabling interactions, transactions, collaboration, and innovation. The platform economy has experienced rapid growth, disrupting traditional business models and contributing significantly to the global economy. Platform businesses are characterized by their reliance on network effects, where the platform's value increases as more users join. This has allowed many platform companies to scale quickly and achieve global influence. Platform economies have also introduced novel challenges, such as the rise of precarious work arrangements in the gig economy, reduced labor protections, and concerns about tax evasion by platform operators. In addition, critics argue that platforms contribute to market concentration and increase inequality. Histo ...
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Wintel
Wintel (portmanteau of ''Windows'' and ''Intel'') is the partnership of Microsoft and Intel producing personal computers (PCs) using Intel x86-compatible processors running Windows. Background By the early 1980s, the chaos and incompatibility that was rife in the early microcomputer market had given way to a smaller number of de facto industry standards, including the S-100 bus expansion board, the CP/M operating system, the Apple II home computer, the use of the programming language Microsoft BASIC in read-only memory (ROM), and the inch floppy disk, floppy drive storage medium. Firms competed fiercely to control the industry, and innovation in hardware and software was the rule. Microsoft Windows and Intel processors gained ascendance and their ongoing alliance gave them market dominance. Intel has claimed that this partnership has enabled the two companies to give customers the benefit of "a seemingly unending spiral of falling prices and rising performance". In addition ...
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Earnings Before Interest And Taxes
In accounting and finance, earnings before interest and taxes (EBIT) is a measure of a firm's profit that includes all incomes and expenses (operating and non-operating) except interest expenses and income tax expenses. Operating income and operating profit are sometimes used as a synonym for EBIT when a firm does not have non-operating income and non-operating expenses. Formula *EBIT = (net income) + interest + taxes = EBITDA – (depreciation and amortization expenses) *operating income = (gross income) – OPEX = EBIT – (non-operating profit) + (non-operating expenses) where *EBITDA = earnings before interest, taxes, depreciation, and amortization *OPEX = operating expense Overview A professional investor contemplating a change to the capital structure of a firm (e.g., through a leveraged buyout) first evaluates a firm's fundamental earnings potential (reflected by earnings before interest, taxes, depreciation and amortization (EBITDA) and EBIT), and then determines the ...
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McKinsey & Company
McKinsey & Company (informally McKinsey or McK) is an American multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. Founded in 1926 by James O. McKinsey, McKinsey is the oldest and largest of the " MBB" management consultancies. The firm mainly focuses on the finances and operations of their clients. Under the direction of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck—along with Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School's Michael Porter—initiated a program designed to transform corporate culture. A 1975 publication by McKinsey's John L. Neuman introduced the business practice of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management. McKinsey has been the subject of significant controversy and is the s ...
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Accenture
Accenture plc is a global multinational professional services company originating in the United States and headquartered in Dublin, Ireland, that specializes in information technology (IT) services and management consulting. It was founded in 1989. A Fortune Global 500 company, it reported revenues of $64.9 billion in 2024. History Formation and early years Accenture began as the business and technology consulting division of accounting firm Arthur Andersen in the early 1950s. The division conducted a feasibility study for General Electric to install a computer at Appliance Park in Louisville, Kentucky, which led to GE's installation of a UNIVAC I computer and printer, believed to be the first commercial use of a computer in the United States. Split from Arthur Andersen In 1989, Arthur Andersen and Andersen Consulting became separate units of Andersen Worldwide Société Coopérative (AWSC). Throughout the 1990s, tensions grew between the two units. Andersen Consultin ...
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Munich Business School
Munich Business School (MBS) is a private international business school located in Munich (Bavaria, Germany). It became the first state-accredited private university in Bavaria in 1999. Munich Business School ranks among the top private Business Schools in Germany and in the top 25 performers group regarding internationality and student mobility. History Munich Business School was established in 1991 as part of the European Business Schools International (ebsi) under the name "EBA München" (''Europäische Betriebswirtschafts-Akademie München''). It became the first state-accredited private university in Bavaria in 1999. It was renamed to "Munich Business School" in 2003. Rudolf Gröger was President of the university from 2009 to 2015. In August 2017, Alfred Gossner took over the office until December 2024. Jörg Schwitalla has been the President of Munich Business School since March 2025. Accreditation and rankings All MBS Programs are accredited by the Bavarian Ministry ...
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Classified Ads
Classified advertising is a form of advertising, particularly common in newspapers, online and other periodicals, which may be sold or distributed free of charge. Classified advertisements are much cheaper than larger display advertisements used by businesses, although display advertising is more widespread. They were also commonly called "want" ads, starting in 1763, and are sometimes called small ads in Britain. Newspaper classifieds Advertisements in a newspaper are typically short, as they are charged for by the line or word, and are one newspaper column wide. Publications printing news or other information often have sections of classified advertisements; there are also publications that contain only advertisements. The advertisements are grouped into categories or ''classes'' such as "for sale—telephones", "wanted—kitchen appliances", and "services—plumbing", hence the term "classified". Classified advertisements generally fall into two types: individuals adverti ...
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Application Programming Interfaces
An application programming interface (API) is a connection between computers or between computer programs. It is a type of software interface, offering a service to other pieces of software. A document or standard that describes how to build such a connection or interface is called an ''API specification''. A computer system that meets this standard is said to ''implement'' or ''expose'' an API. The term API may refer either to the specification or to the implementation. In contrast to a user interface, which connects a computer to a person, an application programming interface connects computers or pieces of software to each other. It is not intended to be used directly by a person (the end user) other than a computer programmer who is incorporating it into software. An API is often made up of different parts which act as tools or services that are available to the programmer. A program or a programmer that uses one of these parts is said to ''call'' that portion of the API. Th ...
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Philosophy & Social Criticism
''Philosophy & Social Criticism'' is a peer-reviewed academic journal that publishes papers nine times a year in the field of philosophy. The editor-in-chief is David Rasmussen (Boston College). It was established in 1973 and is currently published by SAGE Publications. Abstracting and indexing ''Philosophy & Social Criticism'' is abstracted and indexed in: * Academic Premier * Alternative Press Index * Current Contents/Social and Behavioral Sciences * Current Legal Sociology * FRANCIS * Social Sciences Citation Index The Social Sciences Citation Index (SSCI) is a commercial citation index product of Clarivate Analytics. It was originally developed by the Institute for Scientific Information from the Science Citation Index. The Social Sciences Citation Index is ... External links * {{DEFAULTSORT:Philosophy and Social Criticism SAGE Publishing academic journals English-language journals Social philosophy journals Academic journals established in 1973 9 times per year ...
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European Journal Of Communication
''European Journal of Communication'' is a quarterly peer-reviewed academic journal that covers research on communications and media. The journal was established in 1986 and covers all aspects of communication research and theory. Abstracting and indexing ''European Journal of Communication'' is abstracted and indexed in Scopus and the Social Sciences Citation Index. According to the ''Journal Citation Reports'', its 2017 impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a type of journal ranking. Journals with higher impact factor values are considered more prestigious or important within their field. The Impact Factor of a journa ... is 1.500, ranking it 34th out of 84 in the category "Communication". References External links * {{Official website, 1=http://www.sagepub.com/journalsProdDesc.nav?prodId=Journal200857 Quarterly journals Academic journals established in 1986 SAGE Publishing academic journals English-language ...
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Public Sphere
The public sphere () is an area in social relation, social life where individuals can come together to freely discuss and identify societal problems, and through that discussion, Social influence, influence political action. A "Public" is "of or concerning the people as a whole." Such a discussion is called public debate and is defined as the expression of views on matters that are of concern to the public—often, but not always, with opposing or diverging views being expressed by participants in the discussion. Public debate takes place mostly through the mass media, but also at meetings or through social media, academic publications, and government policy documents. The term was originally coined by German Philosophy, philosopher Jürgen Habermas who defined the public sphere as "made up of private people gathered together as a public and articulating the needs of society with the state". Communication scholar Gerard A. Hauser defines it as "a discursive space in which individua ...
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