=Paper= {{Paper |id=Vol-2815/CERC2020_paper25 |storemode=property |title=Escaping the Everyday Chaos: Assessing the Needs for Internal Knowledge Transfer in SMEs via an Escape Room |pdfUrl=https://ceur-ws.org/Vol-2815/CERC2020_paper25.pdf |volume=Vol-2815 |authors=Irina Ehrlich,Michael Filipenko,Tanja Kranawetleitner,Heike Krebs,Robert Loew,Diana Pistoll,Julia Thurner-Irmler |dblpUrl=https://dblp.org/rec/conf/cerc/EhrlichFKKLPT20 }} ==Escaping the Everyday Chaos: Assessing the Needs for Internal Knowledge Transfer in SMEs via an Escape Room== https://ceur-ws.org/Vol-2815/CERC2020_paper25.pdf
                                                                                              Business and Society




            ❊s❝❛♣✐♥❣ t❤❡ ❊✈❡r②❞❛② ❈❤❛♦s✿ ❆ss❡ss✐♥❣ t❤❡

    ◆❡❡❞s ❢♦r ■♥t❡r♥❛❧ ❑♥♦✇❧❡❞❣❡ ❚r❛♥s❢❡r ✐♥ ❙▼❊s

                                     ✈✐❛ ❛♥ ❊s❝❛♣❡ ❘♦♦♠


                        1                   3                       1             1
           ■r✐♥❛ ❊❤r❧✐❝❤ ✱ ▼✐❝❤❛❡❧ ❋✐❧✐♣❡♥❦♦ ✱ ❚❛♥❥❛ ❑r❛♥❛✇❡t❧❡✐t♥❡r ✱ ❍❡✐❦❡ ❑r❡❜s ✱
                                2               4                          1
                   ❘♦❜❡rt ▲♦❡✇ ✱ ❉✐❛♥❛ P✐st♦❧❧ ✱ ❛♥❞ ❏✉❧✐❛ ❚❤✉r♥❡r✲■r♠❧❡r

    1
           ❆♣♣❧✐❝❛t✐♦♥ ❈❡♥t❡r ❢♦r ▼❛t❡r✐❛❧s ❛♥❞ ❊♥✈✐r♦♥♠❡♥t❛❧ ❘❡s❡❛r❝❤ ✭❆▼❯✮✱ ❆✉❣s❜✉r❣
                                          ❯♥✐✈❡rs✐t②✱ ●❡r♠❛♥②
                      ④✐r✐♥❛✳❡❤r❧✐❝❤✱ t❛♥❥❛✳❦r❛♥❛✇❡t❧❡✐t♥❡r✱ ❤❡✐❦❡✳❦r❡❜s✱
                               ❥✉❧✐❛✳t❤✉r♥❡r⑥❅❛♠✉✳✉♥✐✲❛✉❣s❜✉r❣✳❞❡
       2
            ❉■P❋ ⑤ ▲❡✐❜♥✐③ ■♥st✐t✉t❡ ❢♦r ❘❡s❡❛r❝❤ ❛♥❞ ■♥❢♦r♠❛t✐♦♥ ✐♥ ❊❞✉❝❛t✐♦♥✱ ❋r❛♥❦❢✉rt✱
                                               ●❡r♠❛♥②
                                             ❧♦❡✇❅❞✐♣❢✳❞❡
            3
                ■♥st✐t✉t❡ ❢♦r ❙♦❢t✇❛r❡ ✫ ❙②st❡♠s ❊♥❣✐♥❡❡r✐♥❣ ✭■❙❙❊✮✱ ❆✉❣s❜✉r❣ ❯♥✐✈❡rs✐t②✱
                                               ●❡r♠❛♥②
                                          ❢✐❧✐♣❡♥❦♦❅✐ss❡✳❞❡
                                 4
                                     ▼❡❞✐❝❛❧ ❙❝❤♦♦❧ ❍❛♠❜✉r❣✱ ●❡r♠❛♥②
                             ❞✐❛♥❛✳♣✐st♦❧❧❅♠❡❞✐❝❛❧s❝❤♦♦❧✲❤❛♠❜✉r❣✳❞❡



                ❆❜str❛❝t✳ ❚❤❡ ✐♠♣❧❡♠❡♥t❛t✐♦♥ ♦❢ ❛♥ ❊s❝❛♣❡ ❘♦♦♠ t♦ ❛ss❡ss t❤❡ ♥❡❡❞s
                ❢♦r ✐♥t❡r♥❛❧ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ✐s ❛ ♠❡t❤♦❞ ✉s❡❞ ✐♥ t❤❡ ♣r♦❥❡❝t ✏❊❞✲
                ✉❝❛t✐♦♥ ✹✳✵ ❢♦r ❙▼❊s✑✳ ❚❤❡ ❛✐♠ ♦❢ t❤✐s ♣r♦❥❡❝t ✐s t♦ s✉♣♣♦rt ❙♠❛❧❧
                ❛♥❞ ▼❡❞✐✉♠✲s✐③❡❞ ❊♥t❡r♣r✐s❡s ✭❙▼❊s✮ ✐♥ t❤❡✐r ❞✐❣✐t✐③❛t✐♦♥ ❝❤❛❧❧❡♥❣❡s
                ✐♥ t❡r♠s ♦❢ ✐♥t❡r♥❛❧ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ❛♥❞ t♦ ❤❡❧♣ t❤❡♠ ❝♦❧❧❡❝t t❤❡
                ❝♦♠♣❛♥②✬s ❦♥♦✇❧❡❞❣❡ ❛♠♦♥❣ ✐ts ❡♠♣❧♦②❡❡s✳ ❋♦r t❤✐s ♣✉r♣♦s❡✱ ❛ ♥❡❡❞s
                ❛♥❛❧②s✐s ✉s✐♥❣ ❛ s♣❡❝✐❛❧❧② ❞❡s✐❣♥❡❞ ❊s❝❛♣❡ ❘♦♦♠ ❛❞❛♣t❡❞ t♦ ❛ ✜❝t✐♦♥❛❧
                ❝♦♠♣❛♥② ✐s ❛♣♣❧✐❡❞✳ ■♥✐t✐❛❧ r❡s✉❧ts ❢r♦♠ ♣✐❧♦t ❙▼❊s ♣r♦✈✐❞❡ ✐♥❞✐❝❛t✐♦♥s
                ♦❢ t❤❡ ❡✛❡❝t✐✈❡♥❡ss ♦❢ t❤✐s ♠❡t❤♦❞✳


                ❑❡②✇♦r❞s✿ ❑♥♦✇❧❡❞❣❡ ▼❛♥❛❣❡♠❡♥t              · ❑♥♦✇❧❡❞❣❡ ❚r❛♥s❢❡r · ❙❡r✐♦✉s
                ●❛♠❡ · ❊s❝❛♣❡ ❘♦♦♠ · ❙▼❊s · ◆❡❡❞s ❆♥❛❧②s✐s




   ✶        ■♥tr♦❞✉❝t✐♦♥
   ▼❛❦✐♥❣ ❡①✐st✐♥❣ ❦♥♦✇❧❡❞❣❡ ✈✐s✐❜❧❡ ❛♥❞ ✉s❛❜❧❡ ✐s ♦♥❡ ♦❢ t❤❡ ❣♦❛❧s ♦❢ ❦♥♦✇❧❡❞❣❡
   ♠❛♥❛❣❡♠❡♥t ✐♥ ❝♦♠♣❛♥✐❡s✳ ❆ ♠❡❛♥✐♥❣❢✉❧ ❛♥❞ ❝❧❡❛r ❦♥♦✇❧❡❞❣❡ ❜❛s❡✱ ❛❜♦✈❡ ❛❧❧
   ♦♥❡ t❤❛t ✐s ❛❝t✉❛❧❧② ✉s❡❞✱ ✐s ❝r✉❝✐❛❧ ✐♥ t♦❞❛②✬s ✇♦r❧❞ ❬✶✸❪✳ ❇✉t r❡❛❧✐t② ✐s ♦❢t❡♥
   ❞✐✛❡r❡♥t✳ ❚❤❡r❡ ✐s ♥♦ str✉❝t✉r❡❞ ❛♥❞ t❤✉s ❡✣❝✐❡♥t ❦♥♦✇❧❡❞❣❡ ❡①❝❤❛♥❣❡✱ s❡❛r❝❤❡s
   ❢♦r ✐♥❢♦r♠❛t✐♦♥ ❛r❡ t✐♠❡✲❝♦♥s✉♠✐♥❣✱ str❛t❡❣✐❡s ❛♥❞ t❡❝❤♥♦❧♦❣✐❡s ❢♦r ❦♥♦✇❧❡❞❣❡
   ❞♦❝✉♠❡♥t❛t✐♦♥ ❛r❡ ♠✐ss✐♥❣✱ r✐❣❤t ✉♣ t♦ ❦♥♦✇❧❡❞❣❡ ❧♦ss ❬✷✶❪✳
   ❚❤✐s ❞✐❧❡♠♠❛ ✐s t❤❡ st❛rt✐♥❣ ♣♦✐♥t ♦❢ t❤❡ ♣r♦❥❡❝t ✏❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r ❙▼❊s✑✳
   ■t ❛✐♠s ❛t ✜♥❞✐♥❣ ♦✉t ♠♦r❡ ❛❜♦✉t ♣♦ss✐❜❧❡ s✉♣♣♦rt ❢♦r ❙♠❛❧❧ ❛♥❞ ▼❡❞✐✉♠✲
   s✐③❡❞ ❊♥t❡r♣r✐s❡s ✭❙▼❊s✮ ✐♥ t❤❡✐r ❞✐❣✐t✐③❛t✐♦♥ ❝❤❛❧❧❡♥❣❡s✱ ❡s♣❡❝✐❛❧❧② ✐♥ t❡r♠s


                                                                       Copyright © 2020 for this paper by its authors.
CERC 2020                                             382            Use permitted under Creative Commons License
                                                                            Attribution 4.0 International (CC BY 4.0).
Business and Society

   ✷         Pr♦ ❥❡❝t ❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r ❙▼❊s




   ♦❢ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r✳ ❚❤❡ ♣r♦❥❡❝t ❢♦❝✉s❡s ♦♥ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ✐♥ t❡r♠s ♦❢
   ❡①❝❤❛♥❣❡ ❛♥❞ ❞✐str✐❜✉t✐♦♥ ♦❢ ❦♥♦✇❧❡❞❣❡ ❛♠♦♥❣ ❡♠♣❧♦②❡❡s ✇✐t❤✐♥ ❛ ❝♦♠♣❛♥②✳
   ❚❤❡ ❡①❝❤❛♥❣❡ ✇✐t❤ ♣❛rt♥❡r ❝♦♠♣❛♥✐❡s ✐s ❛❧s♦ t❛❦❡♥ ✐♥t♦ ❛❝❝♦✉♥t ✐♥ t❤❡ ♣r♦❥❡❝t✳
        ■♥ t❤❡ ❢♦❧❧♦✇✐♥❣✱ t❤❡ ❞❡✈❡❧♦♣♠❡♥t ❛♥❞ ♦❜st❛❝❧❡s t♦ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ✐♥
   ❙▼❊s ✇✐❧❧ ❜❡ ❞✐s♣❧❛②❡❞✱ t❡❛♠✇♦r❦ ❜❡✐♥❣ ♦♥❡ ♣♦ss✐❜❧❡ s♦❧✉t✐♦♥✳ ❈♦♠♠✉♥✐❝❛t✐♦♥
   ❛♥❞ t❡❛♠✇♦r❦ ❛r❡ ❡ss❡♥t✐❛❧ ❡❧❡♠❡♥ts ♦❢ ❊s❝❛♣❡ ❘♦♦♠s ❛s ✇❡❧❧✳ ❚❤❡r❡❢♦r❡✱ ❊s❝❛♣❡
   ❘♦♦♠s ❛s ❛ ❙❡r✐♦✉s ●❛♠❡ ❛♥❞✴♦r ❛s ❛ ❙❡r✐♦✉s ●❛♠✐♥❣ t♦♦❧ s❡r✈✐♥❣ t♦ ✐♥❝r❡❛s❡
   ♣♦s✐t✐✈❡ ✭❧❡❛r♥✐♥❣✮ ❡✛❡❝ts ❛r❡ ❜❡✐♥❣ r❡✈✐❡✇❡❞✳ ❙♦ ❢❛r✱ ❊s❝❛♣❡ ❘♦♦♠s ❤❛✈❡ ♠❛✐♥❧②
   ❜❡❡♥ ✉s❡❞ ❢♦r ❡❞✉❝❛t✐♦♥❛❧ ♣✉r♣♦s❡s ✕ t❤❡✐r ❛♣♣❧✐❝❛t✐♦♥ ✐♥ ❛ ❜✉s✐♥❡ss ❝♦♥t❡①t ❤❛s
   ❜❡❡♥ r❛t❤❡r ♠❛r❣✐♥❛❧✳ ❍❡♥❝❡✱ t❤❡ ♣❛♣❡r s❤♦✇s ♣♦ss✐❜❧❡ ❜❡♥❡✜ts ♦❢ ❛♥ ❡♠♣❧♦②❡❡✲
   ❝❡♥t❡r❡❞ ♥❡❡❞s ❛♥❛❧②s✐s ✈✐❛ ❛♥ ❊s❝❛♣❡ ❘♦♦♠ ❛♥❞ ❞✐s❝✉ss❡s ♠❡t❤♦❞✐❝❛❧ ✐ss✉❡s✳
   ❚♦ t❤✐s ❡♥❞✱ r❡❧❡✈❛♥t t❤❡♦r❡t✐❝❛❧ ❛s♣❡❝ts ❛r❡ ♣r❡s❡♥t❡❞✱ ❢♦❧❧♦✇❡❞ ❜② ❛ ❞❡s❝r✐♣t✐♦♥
   ♦❢ t❤❡ ❞❡s✐❣♥ ❛♥❞ ✐♠♣❧❡♠❡♥t❛t✐♦♥ ♦❢ t❤❡ ❊s❝❛♣❡ ❘♦♦♠✱ ✇❤✐❝❤ ✐s ❝♦♥❝❡✐✈❡❞ ❛s
   t❤❡ st❛rt✐♥❣ ♣♦✐♥t ❢♦r ❢✉rt❤❡r ❝♦♦♣❡r❛t✐♦♥ ✇✐t❤ ❛ ❝♦♠♣❛♥② ✐♥ t❤❡ ✜❡❧❞ ♦❢ ❦♥♦✇❧✲
   ❡❞❣❡ ♠❛♥❛❣❡♠❡♥t✱ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ❛♥❞ ❞✐❣✐t✐③❛t✐♦♥✳ ●✐✈❡♥ t❤❡ ♥♦✈❡❧t② ♦❢ t❤❡
   ♠❡t❤♦❞ ✐♥ t❤✐s ❝♦♥t❡①t✱ ✜rst r❡s✉❧ts ♦❢ t❤❡ ❡✈❛❧✉❛t✐♦♥ ❛r❡ ❞✐s❝✉ss❡❞ ✇✐t❤ r❡❣❛r❞
   t♦ t❤❡ ❢✉rt❤❡r ❞❡✈❡❧♦♣♠❡♥t ♦❢ t❤❡ ♠❡t❤♦❞✳



   ✷     ❑♥♦✇❧❡❞❣❡ ▼❛♥❛❣❡♠❡♥t ✐♥ ❙▼❊s
   ❑♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ✐s ❛♥ ✐♠♣♦rt❛♥t ❝♦♠♣♦♥❡♥t ♦❢ ❛ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ✐♥✐✲
   t✐❛t✐✈❡✱ ✇❤✐❝❤ ❛♠♦♥❣ ♦t❤❡r t❤✐♥❣s ❤❛s t❤❡ ✐❞❡♥t✐✜❝❛t✐♦♥✱ ❞♦❝✉♠❡♥t❛t✐♦♥✱ ❝❧❛ss✐✜✲
   ❝❛t✐♦♥ ❛♥❞ st♦r❛❣❡ ♦❢ ✐♠♣♦rt❛♥t ❦♥♦✇❧❡❞❣❡ ❛s ✐ts ❣♦❛❧ ❬✷✵❪✳ ❚❤❡ ✉s❡ ♦❢ ❦♥♦✇❧❡❞❣❡
   st♦r❡❞ ✐♥ t❤✐s ✇❛② ❧❡❛❞s ✕ ❡s♣❡❝✐❛❧❧② ✐♥ ■♥❢♦r♠❛t✐♦♥ ❚❡❝❤♥♦❧♦❣② ✭■❚✮ ♠❛♥❛❣❡♠❡♥t
   ✕ t♦ ♣♦s✐t✐✈❡ ❡✛❡❝ts ✐♥ ❛ ❝♦♠♣❛♥② ❛♥❞ t♦ ✐♥♥♦✈❛t✐♦♥ ❬✸✽❪✱ s✉❝❤ ❛s t❤❡ s❤❛r✐♥❣
   ❛♥❞ t❤❡ ❝♦♠♠♦♥ ❛♣♣❧✐❝❛t✐♦♥ ❛♥❞ ❢✉rt❤❡r ❞❡✈❡❧♦♣♠❡♥t ♦❢ ❦♥♦✇❧❡❞❣❡ ❬✷✵❪✳
        ❚❤❡ ✉s❡ ♦❢ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ✐♥ ❙▼❊s r✐s❡s ❬✷✺❪ t♦ ✐♥❝r❡❛s❡ t❤❡✐r ❝♦♠✲
   ♣❡t✐t✐✈❡♥❡ss ❬✸✻❪✳ ❙✉❝❝❡ss❢✉❧ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ♣r❛❝t✐❝❡s ❛r❡ ❜❛s❡❞ ♦♥ t❡❝❤✲
   ♥♦❧♦❣②✱ ♦r❣❛♥✐③❛t✐♦♥ ❛♥❞ ♣❡♦♣❧❡ ❬✹✸❪✳ ❚❡❝❤♥♦❧♦❣② ✐s ♥❡❡❞❡❞ ❢♦r t❤❡ s✉♣♣♦rt ♦❢
   ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ♣r♦❝❡ss❡s✳ ❖r❣❛♥✐③❛t✐♦♥❛❧ ❛s♣❡❝ts✱ ❢♦r ✐♥st❛♥❝❡ ❝❧❡❛r
   ❝♦♠♠✉♥✐❝❛t✐♦♥ str✉❝t✉r❡s ❛♥❞ tr❛♥s♣❛r❡♥t r❡s♣♦♥s✐❜✐❧✐t✐❡s✱ ❧❡❛❞ t♦ ❛ ❝♦♠♣❛♥②
   ❝✉❧t✉r❡ t❤❛t ❢♦❝✉s❡s ♦♥ t❤❡ ♠❛♥❛❣❡♠❡♥t ♦❢ ✐ts ❦♥♦✇❧❡❞❣❡ ❛s ❛ ❝r✉❝✐❛❧ ❢❛❝t♦r ❢♦r
   ❝♦♠♣❡t✐t✐✈❡♥❡ss✳ P❡♦♣❧❡ ❛r❡ t❤❡ ♠♦st ✐♠♣♦rt❛♥t ❢❛❝t♦r ❢♦r ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡✲
   ♠❡♥t ✐♥✐t✐❛t✐✈❡s ✕ t❤❡② ♠✉st ❛❝❝❡♣t ❛♥❞ ✏❧✐✈❡✑ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ❬✷✹❪✳ ❆♥
   ♦✈❡r✲❡st✐♠❛t✐♦♥ ♦❢ t❡❝❤♥♦❧♦❣② ❛♥❞ t❤❡ ♥❡❣❧✐❣❡♥❝❡ ♦❢ ♣❡♦♣❧❡ ❛♥❞ ♣r♦❝❡ss❡s ❛r❡
   ♦❢t❡♥ r❡❛s♦♥s ❢♦r t❤❡ ❢❛✐❧✉r❡ ♦❢ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ✐♥✐t✐❛t✐✈❡s ❬✶✺❪✳
        ❆ tr❡♥❞ t♦✇❛r❞s ❛ ❞❡❝r❡❛s❡ ✐♥ t❤❡ ✐♠♣♦rt❛♥❝❡ ♦❢ st♦r❛❣❡ ♦❢ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞
   ❞♦❝✉♠❡♥ts ✐♥ ❢❛✈♦r ♦❢ s✉♣♣♦rt ♦❢ ❦♥♦✇❧❡❞❣❡ s❤❛r✐♥❣ ❛♥❞ t❡❛♠✇♦r❦ ❝❛♥ ❜❡ ❞✐s✲
   ❝♦✈❡r❡❞ ❬✷✵❪✳ ❚❤✐s ♠❛② r❡s✉❧t ✐♥ ❛ s♦❧✐❞ ❜❛s✐s ♦❢ ■❚ s②st❡♠s ❛❧r❡❛❞② ✉s❡❞ ❜② ♠♦st
   ❝♦♠♣❛♥✐❡s✳ ■♥ st✉❞✐❡s ❢r♦♠ ✷✵✵✵ ❛♥❞ ❡❛r❧✐❡r✱ ❝♦♠♠✉♥✐❝❛t✐♦♥ ❛♥❞ ❝♦❧❧❛❜♦r❛t✐♦♥
   ✇❡r❡ ♥♦t t❤❡ ❢♦❝✉s ♦❢ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ✭s❡❡ ❬✸✵❪✮✳ ❙✐♥❝❡ ✷✵✵✵✱ ♣❛rt✐❝✐♣❛♥ts
   ✐♥ r❡s❡❛r❝❤ ❤❛✈❡ ❛s❦❡❞ ❢♦r ❝♦♠♠✉♥✐❝❛t✐♦♥ ❛♥❞ ❝♦❧❧❛❜♦r❛t✐♦♥ ❢❡❛t✉r❡s ❬✷✹❪✳ ❋♦r
   ❡①❛♠♣❧❡✱ ❛ s✉r✈❡② ❢r♦♠ ✷✵✶✺ s❤♦✇s t❤❛t ❢♦❧❧♦✇✐♥❣ ♣r♦❝❡ss ✐♠♣r♦✈❡♠❡♥t ✭✺✺ ✪
   ✏✈❡r② r❡❧❡✈❛♥t✑ ✴ ✶✻ ✪ ✏r❡❧❡✈❛♥t✑✮ t❤❡ ❡♥❤❛♥❝❡♠❡♥t ♦❢ ❝♦♠♠✉♥✐❝❛t✐♦♥ ✢♦✇s ✐♥
   t❤❡ ❝♦♠♣❛♥② ✇❛s ♠♦st ✐♠♣♦rt❛♥t t♦ t❤❡ ♣❛rt✐❝✐♣❛♥ts ✭✹✸ ✪ ✏✈❡r② r❡❧❡✈❛♥t✑ ✴ ✷✾




                                               383                               CERC 2020
                                                                                                                      Business and Society

                                                                                   ◆❡❡❞s ❆♥❛❧②s✐s ✈✐❛ ❛♥ ❊s❝❛♣❡ ❘♦♦♠              ✸



   ✪ ✏r❡❧❡✈❛♥t✑✮ ❬✷✸❪✳ ❋✐❣✉r❡ ✶ s✉♠♠❛r✐③❡s t❤✐s tr❡♥❞ ♠♦✈✐♥❣ ❢r♦♠ st♦r❛❣❡✲♦r✐❡♥t❡❞
   ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t t♦ s✉♣♣♦rt✐♥❣ ♠♦r❡ ❛♥❞ ♠♦r❡ ❝♦❧❧❛❜♦r❛t✐♦♥ ♦r✐❡♥t❡❞
   ❦♥♦✇❧❡❞❣❡ s❤❛r✐♥❣✳



                                                    100 %



                                                    80 %
               Proportion of knowledge management




                                                                                             Collaboration

                                                    60 %



                                                    40 %
               initiatives and tools




                                                                   Information storage
                                                    20 %           and retrieval



                                                           Begin            1997              2004           Future
                                                           of KM


   ❋✐❣✳ ✶✳   ❚r❡♥❞ ❢r♦♠ st♦r❛❣❡✲♦r✐❡♥t❡❞ t♦✇❛r❞s ❝♦❧❧❛❜♦r❛t✐♦♥ ♦r✐❡♥t❡❞✲❦♥♦✇❧❡❞❣❡ ♠❛♥✲
   ❛❣❡♠❡♥t ❬✷✹❪✳




       ❚❤❡ ❢♦❝✉s ♦❢ ❙▼❊s✬ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ✐♥✐t✐❛t✐✈❡s ❝♦♥❝❡r♥s ❝♦♦♣❡r❛✲
   t✐♦♥✱ ❛♥❛❧②s✐s✱ s❡❛r❝❤ ❛♥❞ ♣✉❜❧✐s❤ ✐♥❢♦r♠❛t✐♦♥ ❬✶✻❪✳ ❚❤❡ s②st❡♠s ❝♦♥❝❡♥tr❛t❡ ♦♥
   ❡♠♣❧♦②❡❡s ❛♥❞ ♥♦t ♦♥ ✐♠♣❧❡♠❡♥t✐♥❣ ❛ ♣♦✇❡r❢✉❧ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t s②st❡♠
   ❬✶❪✳ ■♥ t❤❡ ♣r❛❝t✐❝❛❧ ✉s❡ ♦❢ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t✱ ✈❛r✐♦✉s ❤✉r❞❧❡s ❤❛✈❡ ❜❡❡♥
   ✐❞❡♥t✐✜❡❞ ✇❤✐❝❤ ♠✉st ❜❡ ♦✈❡r❝♦♠❡ ✐♥ ♦r❞❡r t♦ ✉s❡ ✐t ❡✛❡❝t✐✈❡❧②✳ ❚❤❡s❡ ❛r❡ ❢♦r
   ❡①❛♠♣❧❡✿

    ✕ ❋❡❛r ♦❢ r❡♣❧❛❝❡❛❜✐❧✐t② ✭✏■❢ ■ ❞♦❝✉♠❡♥t ❛❧❧ ♠② ❦♥♦✇❧❡❞❣❡✱ ■ ❛♠ ❡❛s✐❧② r❡♣❧❛❝❡✲
       ❛❜❧❡✳✑✮ ❬✸✸❪❀
    ✕ ❋❡❛r ♦❢ ♠❛❦✐♥❣ ♠✐st❛❦❡s ✭❣r❛♠♠❛r✱ s♣❡❧❧✐♥❣✱ ✐♥❝♦♠♣r❡❤❡♥s✐❜❧❡ ♦r ✐♠♣r❡❝✐s❡
       ❢♦r♠✉❧❛t✐♦♥s✮ ❬✶✵❪❀
    ✕ ❆ss❡ss♠❡♥t ♦❢ t❤❡ r❡❧❡✈❛♥❝❡ ♦❢ t♦♣✐❝s ✭✏❍♦✇ ♠✉❝❤ t✐♠❡ ❞♦ ■ ✐♥✈❡st ✐♥ ❛
       t♦♣✐❝❄✑✱ ❝♦st✲❜❡♥❡✜t r❛t✐♦✮ ❬✷✻❪❀
    ✕ ▲❛❝❦ ♦❢ t✐♠❡✳
       ❆❧❧ t❤❡s❡ ♦❜st❛❝❧❡s ❛r❡ ♠✐t✐❣❛t❡❞ ❜② ❛♥ ♦♣❡♥ ❛♥❞ ❝♦♠♠✉♥✐❝❛t✐✈❡ ❝♦r♣♦r❛t❡
   ❝✉❧t✉r❡ ❬✸✹❪✳ ❚❤✐s ✐s t❤❡ ❛✐♠ ♦❢ t❤❡ ♦✛❡rs ♦❢ t❤❡ ♣r♦❥❡❝t✿ ▼❛♥② ♦❢ t❤❡ ❤✉r❞❧❡s
   ♠❡♥t✐♦♥❡❞ ❝❛♥ ❜❡ ♦✈❡r❝♦♠❡ t❤r♦✉❣❤ t❡❛♠✇♦r❦✳



   ✸    ❊s❝❛♣❡ ❘♦♦♠s ❛s ❙❡r✐♦✉s ●❛♠❡✴●❛♠✐♥❣
   ❊✈❡r②❞❛② ❧✐❢❡ s❡❡♠s t♦ r❡q✉✐r❡ ❤✉♠❛♥s t♦ ❝♦♦♣❡r❛t❡ ✇✐t❤ ❡❛❝❤ ♦t❤❡r ✐♥ ♦r❞❡r t♦
   ❜❡ ❛ ❢✉♥❝t✐♦♥✐♥❣ ♠❡♠❜❡r ♦❢ s♦❝✐❡t② ❬✸✾❪✳ ❚❤✐s ✐♥ t✉r♥ ❝❛♥ ❜❡ s❡❡♥ ❛s ❛♥ ✐♠♣♦rt❛♥t




CERC 2020                                                                          384
Business and Society

   ✹         Pr♦ ❥❡❝t ❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r ❙▼❊s




   ♠♦t✐✈❡ ❢♦r ✐♥tr♦❞✉❝✐♥❣ ❝♦♦♣❡r❛t✐✈❡ ❧❡❛r♥✐♥❣ s✐t✉❛t✐♦♥s ✐♥ ❡❞✉❝❛t✐♦♥ ❛♥❞ tr❛✐♥✐♥❣✱
   s✐♥❝❡ ✐t ❡q✉✐♣s t❤❡ ❧❡❛r♥❡r ✇✐t❤ ❛♥ ❛❝t✐✈❡ ❛♥❞ ♠♦r❡ ❝♦♥str✉❝t✐✈❡ r♦❧❡✳ ❋♦r ❛ ❢❡✇
   ❞❡❝❛❞❡s✱ ❝♦❧❧❛❜♦r❛t✐✈❡ ❧❡❛r♥✐♥❣ ❤❛s ❜❡❡♥ ✈✐❡✇❡❞ ❛s ❛♥ ❡✛❡❝t✐✈❡ ❛♥❞ ✈❛❧✐❞ t❡❛❝❤✐♥❣
   ♠❡t❤♦❞ ❢♦r ❧❡❛r♥✐♥❣ ✐♥st✐t✉t✐♦♥s✱ ❢♦r ❡①❛♠♣❧❡ s❝❤♦♦❧s ❬✹✵❪✳ ❚❤✐s ❦✐♥❞ ♦❢ ❧❡❛r♥✐♥❣
   ♠❛② ❜❡ ❞❡✜♥❡❞ ❛s ❛ ❧❡❛r♥✐♥❣ s✐t✉❛t✐♦♥ ✐♥ ✇❤✐❝❤ ❧❡❛r♥❡rs ❡♥❣❛❣❡ ✐♥ ❛ ❥♦✐♥t ❧❡❛r♥✐♥❣
   ❛❝t✐✈✐t②✱ ❡♥❛❜❧✐♥❣ t❤❡ ❝♦♥str✉❝t✐♦♥ ♦❢ ❦♥♦✇❧❡❞❣❡ ❛♥❞✴♦r t❤❡ s♦❧✉t✐♦♥ ♦❢ ♣r♦❜❧❡♠s
   ✐♥ ♣✉rs✉✐t ♦❢ ❛ ❥♦✐♥t ❣♦❛❧ ✭s❡❡ ❬✹✶❪ ❛♥❞ ❬✸✺❪✮✳
        ■♥ r❡❝❡♥t ②❡❛rs✱ ❛♥ ✐♥❝r❡❛s✐♥❣ ❛♠♦✉♥t ♦❢ r❡s❡❛r❝❤ ❤❛s ✐♥tr♦❞✉❝❡❞ ❝♦❧❧❛❜♦r❛t✐✈❡
   ❧❡❛r♥✐♥❣ t♦ ❣❛♠❡✲❜❛s❡❞ s❝❡♥❛r✐♦s ✕ ♠❡❛♥✐♥❣ t❤❛t t❤❡ ❣✐✈❡♥ ❡❞✉❝❛t✐♦♥❛❧ ❝♦♥t❡♥t
   ✇❛s ♠❛❞❡ ❛❝❝❡ss✐❜❧❡ t❤r♦✉❣❤ ❣❛♠❡ ♣❧❛② ✭s❡❡ ❡✳❣✳ ❬✶✽❪✮✳ ❈♦❧❧❛❜♦r❛t✐✈❡ ❣❛♠❡✲❜❛s❡❞
   ❧❡❛r♥✐♥❣ ❝❛♥ ❜❡ ✈✐❡✇❡❞ ❛s ❛ ✏❧❡❛r♥✐♥❣ ❜② ❞♦✐♥❣✑ ❛♣♣r♦❛❝❤✱ ✇❤✐❝❤ ❛❧❧♦✇s t❤❡
   ❧❡❛r♥❡r t♦ ♠❛❦❡ ♠✐st❛❦❡s ✇❤✐❧❡ ❛t t❤❡ s❛♠❡ t✐♠❡ ❛✈♦✐❞✐♥❣ r✐s❦s ✐♥ t❤❡ r❡❛❧✲✇♦r❧❞
   ❬✸✺❪✳
        Pr❡✈❡♥t✐♥❣ r✐s❦s ❜✉t st✐❧❧ ♣♦ss✐❜❧② ♦✛❡r✐♥❣ ✐♠♠❡rs✐♦♥ ✐♥ ❛ s✐t✉❛t✐♦♥✱ s♦ t❤❛t
   ♣❛rt✐❝✐♣❛♥ts ❤❛✈❡ t❤❡ ❢❡❡❧✐♥❣ ♦❢ ❝r❡❛t✐♥❣ ❛♥❞ ✉♥❞❡r❣♦✐♥❣ ❛ ✭r❡❛❧✮ ❡①♣❡r✐❡♥❝❡✱ ❛r❡
   ❜♦t❤ ❣r❡❛t ❜❡♥❡✜ts ♦❢ ❙❡r✐♦✉s ●❛♠❡s ❬✻❪✳ ❋✐rst r❡❝♦r❞❡❞ ❙❡r✐♦✉s ●❛♠❡s ❛r❡ ❛♣✲
   ♣r♦❛❝❤❡s ♦❢ s✐♠✉❧❛t✐♦♥✱ ❝♦✉♥t✐♥❣ ❛♥❞ ♣❧❛♥♥✐♥❣ ❣❛♠❡s✱ ✇❤✐❝❤ ❧✐♥❦❡❞ t❤❡ ❛❝q✉✐r❡✲
   ♠❡♥t ❛♥❞ ✉s❛❣❡ ♦❢ ❦♥♦✇❧❡❞❣❡ ✐♥ ❛ ♣❧❛②❢✉❧ ✇❛② ❬✷❪✳ ❊✈❡♥ t❤♦✉❣❤ t❤❡ ✏❝❛r❡❢✉❧❧②
   t❤♦✉❣❤t✲♦✉t ❡❞✉❝❛t✐♦♥❛❧ ♣✉r♣♦s❡✑ ❬✸✱ ♣✳ ✶❪ ✐s ❢♦❝✉s❡❞ ❜② s✉❝❤ ❛ ❣❛♠❡✱ t❤❡ ❡♥✲
   t❡rt❛✐♥♠❡♥t ❢❛❝t♦r s❤♦✉❧❞ ♥♦t ❜❡ ♥❡❣❧❡❝t❡❞ ❛s ❜♦t❤ ♣❛rts s✉♣♣♦rt ❡❛❝❤ ♦t❤❡r t♦
   ❛❝❤✐❡✈❡ t❤❡ ✭❧❡❛r♥✐♥❣✮ ❣♦❛❧ ❬✷✽❪✳



   ✸✳✶ P♦s✐t✐✈❡ ❊✛❡❝ts ✐♥ ❊s❝❛♣❡ ❘♦♦♠s
   ◆♦✇❛❞❛②s✱ ♠♦st ❙❡r✐♦✉s ●❛♠❡s ❛r❡ ♦❢ ❛ ❞✐❣✐t❛❧ ❦✐♥❞✱ ❜✉t ❧❛t❡❧② ❛♥♦t❤❡r ❢♦r♠❛t
   ✐♥ ✇❤✐❝❤ t❤❡ ✏❤❡❞♦♥✐❝ ♥❛t✉r❡ ♦❢ t❤❡ ❣❛♠❡ ✐s ❤✐❣❤❧✐❣❤t❡❞✑ ❬✹✱ ♣✳ ✹✸❪ ❤❛✈❡ ❣❛✐♥❡❞
   ✇♦r❧❞✇✐❞❡ ♣♦♣✉❧❛r✐t②✿ ❊s❝❛♣❡ ❘♦♦♠s ❬✾❪✳ ❊s❝❛♣❡ ❘♦♦♠s ✕ ♦r ❊s❝❛♣❡ ●❛♠❡s ✕
   ❛r❡ ❞❡✜♥❡❞ ❛s ✏❧✐✈❡✲❛❝t✐♦♥ t❡❛♠✲❜❛s❡❞ ❣❛♠❡s ✇❤❡r❡ ♣❧❛②❡rs ❞✐s❝♦✈❡r ❝❧✉❡s✱ s♦❧✈❡
   ♣✉③③❧❡s✱ ❛♥❞ ❛❝❝♦♠♣❧✐s❤ t❛s❦s ✐♥ ♦♥❡ ♦r ♠♦r❡ r♦♦♠s ✐♥ ♦r❞❡r t♦ ❛❝❝♦♠♣❧✐s❤ ❛
   s♣❡❝✐✜❝ ❣♦❛❧ ✭✉s✉❛❧❧② ❡s❝❛♣✐♥❣ ❢r♦♠ t❤❡ r♦♦♠✮ ✐♥ ❛ ❧✐♠✐t❡❞ ❛♠♦✉♥t ♦❢ t✐♠❡✑ ❬✷✾✱
   ♣✳ ✶❪✳ ❚❤❡② ❢♦❝✉s ♦♥ ❛ t❡❛♠✲❜❛s❡❞ ❧❡❛r♥✐♥❣ ❛♣♣r♦❛❝❤✱ ✐♥ ✇❤✐❝❤ ♣❧❛②❡rs ❤❛✈❡
   t♦ ❞❡❧✈❡ ✐♥t♦ ❛ s❝❡♥❛r✐♦ ❛♥❞ ✇♦r❦ t♦❣❡t❤❡r ❛s ❛ t❡❛♠ ❬✶✼❪✳ ❲❤❡♥ t❤❡ ❞❡s✐❣♥
   ✐s s♣❡❝✐✜❝❛❧❧② ❞✐r❡❝t❡❞ ❛t r❡❛❝❤✐♥❣ ❛ ❝❡rt❛✐♥ ❡❞✉❝❛t✐♦♥❛❧ ❣♦❛❧✱ ❊s❝❛♣❡ ●❛♠❡s
   ❛r❡ ❛❧s♦ ❝♦♥s✐❞❡r❡❞ t♦ ❜❡ ❝❛❧❧❡❞ ❵❊❞✉❝❛t✐♦♥❛❧ ❊s❝❛♣❡ ❘♦♦♠s✬ ❬✹❪ ❬✼❪✳ ❍♦✇❡✈❡r✱
   ❛ ❝♦♥❝r❡t❡ ❡❞✉❝❛t✐♦♥❛❧ ❣♦❛❧ ❞♦❡s ♥♦t ❤❛✈❡ t♦ ❜❡ ♦❢ ❛ ♣r♦❢❡ss✐♦♥❛❧ ♦r t❡❝❤♥✐❝❛❧
   ♥❛t✉r❡ ❛❧♦♥❡❀ t❤❡ ❞❡✈❡❧♦♣♠❡♥t ♦r ❡♥❝♦✉r❛❣❡♠❡♥t ♦❢✱ ❢♦r ❡①❛♠♣❧❡ s♦❢t s❦✐❧❧s✱ ❝❛♥
   ❜❡ ❝♦♥❝❡✐✈❛❜❧❡ ❛s ✇❡❧❧ ❬✹❪✳
        ■♥ r❡❝❡♥t ②❡❛rs✱ ❛ ❣r♦✇✐♥❣ ✐♥t❡r❡st ✐♥ ❛♥ ✐♥❞✉str✐❛❧✱ r❡s♣❡❝t✐✈❡❧② ♦r❣❛♥✐③❛t✐♦♥❛❧
   s❡tt✐♥❣ ❝❛♥ ❜❡ ❞❡t❡❝t❡❞ ✭s❡❡ ❡✳❣✳ ❬✶✹❪✮✳ ❊s❝❛♣❡ ❘♦♦♠s ♥♦ ❧♦♥❣❡r s❡❡♠ t♦ ❜❡
   ❡①❝❧✉s✐✈❡❧② ❛ ❧❡✐s✉r❡ ❛❝t✐✈✐t② ♦r ❛♥ ✐rr❡❧❡✈❛♥t ✈❛r✐❛t✐♦♥ ♦❢ ❡✈❡r②❞❛② s❝❤♦♦❧ ❧✐❢❡✳ ❆♥
   ✭❊❞✉❝❛t✐♦♥❛❧✮ ❊s❝❛♣❡ ❘♦♦♠ ❝❛♥ ❜❡ ❝♦♥s✐❞❡r❡❞ ❛ ❙❡r✐♦✉s ●❛♠❡ ✕ ❜✉t ✐♥ ❛❞❞✐t✐♦♥✱
   t❤❡ ❝♦♥❝❡♣t ♦❢ ❙❡r✐♦✉s ●❛♠✐♥❣ ✐s ♣♦ss✐❜❧❡✱ t♦♦ ❬✹❪✿ ❚❤r♦✉❣❤ ❣❛♠❡✲❜❛s❡❞ ❧❡❛r♥✐♥❣
   ✕ ❜❡s✐❞❡s ❛❝❤✐❡✈✐♥❣ t❤❡ ✐♥str✉❝t✐♦♥ ❛♥❞ st♦r② ♦❜❥❡❝t✐✈❡ ✕ ❞✐✈❡rs❡ ♣♦s✐t✐✈❡ ❧❡❛r♥✐♥❣
   ❞❡✈❡❧♦♣♠❡♥ts ❛♥❞ ❡✛❡❝ts ❝❛♥ ♦❝❝✉r✱ ❧✐❦❡ ❣❡♥❡r❛t✐♥❣ t♦❧❡r❛♥❝❡ t♦✇❛r❞s ♦t❤❡rs ❛♥❞
   t❤❡✐r ✇❛② ♦❢ t❤✐♥❦✐♥❣ ❛♥❞ ❛❝t✐♥❣ ❬✶✷❪✳ ■♥ ♠♦st ❊s❝❛♣❡ ❘♦♦♠s✱ t❡❛♠✇♦r❦ ❛♥❞
   ❝♦♠♠✉♥✐❝❛t✐♦♥ ❛r❡ ♣r♦♠♦t❡❞ ❬✷✾❪✱ t♦♦✳ ❙♦♠❡ st✉❞✐❡s ✭❡✳❣✳ ❬✶✷❪✮ ❛ss❡rt t❤❛t t❤❡s❡




                                               385                                   CERC 2020
                                                                            Business and Society

                                           ◆❡❡❞s ❆♥❛❧②s✐s ✈✐❛ ❛♥ ❊s❝❛♣❡ ❘♦♦♠            ✺

   ❣❛♠❡s ❝❛♥ ❜❡ ❛♣♣❧✐❡❞ ❛s ❛♥ ❡✛❡❝t✐✈❡ ♠❡t❤♦❞ ♦❢ ❝❤❛♥❣✐♥❣ ❛tt✐t✉❞❡s t♦✇❛r❞s ❛
   ❞❡s✐❣♥❛t❡❞ ✐ss✉❡✳ ❊✈❡♥ ❛♥ ✐♥❝r❡❛s❡ ♦❢ ♠♦t✐✈❛t✐♦♥ t♦✇❛r❞s ❛♣♣r♦❛❝❤❡❞ s✉❜❥❡❝ts
   ❛♥❞ s✐t✉❛t✐♦♥s ♦❢ ❊s❝❛♣❡ ❘♦♦♠s ❝♦✉❧❞ ❜❡ ❞❡t❡r♠✐♥❡❞✱ ❛s ♣❧❛②❡rs ❢❡❧t ✏❞♦✉❜❧❡
   ♠♦t✐✈❛t❡❞ ✐♥ t❤❡ ♣r♦❝❡ss ♦❢ ♣❧❛②✐♥❣✑ ❬✹✱ ♣✳ ✹✸❪✳ ❇② ✐♠♣r♦✈✐♥❣ t❤❡ ♣❛rt✐❝✐♣❛♥ts✬
   ♠♦t✐✈❛t✐♦♥ ✱ ❛ ❞❡❡♣❡r ❡♥❣❛❣❡♠❡♥t ✇✐t❤ t❤❡ r❡s♣❡❝t✐✈❡ ❧❡❛r♥✐♥❣ ❝♦♥t❡♥t ❝❛♥ ❜❡
   ❡♥s✉r❡❞ ❬✽❪✳




   ✸✳✷      ❊s❝❛♣❡ ❘♦♦♠s ✐♥ ❛ ❇✉s✐♥❡ss ❙❡tt✐♥❣


   ❆♥ ❡♠♣❧♦②❡❡✲❝❡♥t❡r❡❞ ❛♣♣r♦❛❝❤ ♦✛❡rs ♥✉♠❡r♦✉s ❛❞✈❛♥t❛❣❡s✿ ❋♦r ♦♥❡✱ ✐t ❝❛♥ s✉♣✲
   ♣♦rt t❤❡ ❡♥tr② ✐♥t♦ ❞✐❣✐t❛❧ ❧❡❛r♥✐♥❣ ❛♥❞ ❢❛❝✐❧✐t❛t❡ ❡♠♣❧♦②❡❡s✬ ❛❝❝❡ss t♦ ♥♦✈❡❧ t❡❝❤✲
   ♥♦❧♦❣✐❡s✳ ❚❤❡ ❣❛♠✐♥❣ ❝♦♠♣♦♥❡♥t ❤❛s ❜♦t❤ ✐♥tr✐♥s✐❝ ✈❛❧✉❡ ✭❡✳❣✳ ❡♥❥♦②♠❡♥t✮ ❛♥❞
   ❡①tr✐♥s✐❝ ✈❛❧✉❡✱ ♠❡❛♥✐♥❣ t❤❛t t❤❡r❡ ✐s ❛ ❧❡❛r♥✐♥❣ ❡❧❡♠❡♥t✱ r❡s♣❡❝t✐✈❡❧② ❦♥♦✇❧✲
   ❡❞❣❡✱ t♦ ❜❡ ♦❜t❛✐♥❡❞ ❜② t❤❡ ❡♠♣❧♦②❡❡ ✯ t❤❡ ❧❛tt❡r ❜❡✐♥❣ t❤❡ ♠❛✐♥ ♦❜❥❡❝t✐✈❡ ♦❢
   ❛♥ ❊s❝❛♣❡ ❘♦♦♠ ❞❡s✐❣♥❡❞ ❢♦r ❛ ❜✉s✐♥❡ss s❡tt✐♥❣ ❬✹✷❪✳ ■♥ ❛❞❞✐t✐♦♥✱ t❤❡ ✐♥♥♦✈❛t✐✈❡
   ❧❡❛r♥✐♥❣ ❝♦♥t❡①t ❡♥❛❜❧❡s t❤❡ ❡♠♣❧♦②❡❡ t♦ ✉s❡ ❞✐✛❡r❡♥t str❛t❡❣✐❡s ❛♥❞ ✏♦✉t✲♦❢✲t❤❡✲
   ❜♦①✑ t❤✐♥❦✐♥❣✱ ❛s ✐t ❢♦st❡rs t❤❡ ❛❜✐❧✐t② ❢♦r ❝r❡❛t✐✈❡ ♣r♦❜❧❡♠✲s♦❧✈✐♥❣ ❬✽❪✳
         ❈✉rr❡♥t r❡s❡❛r❝❤ ♦♥ ❣❛♠❡✲❜❛s❡❞ ❧❡❛r♥✐♥❣ s❡❡♠s t♦ ❢♦❝✉s ♦♥ ❧❡❛r♥✐♥❣ ❣♦❛❧s
   ♦r t❤❡ ❝♦❣♥✐t✐♦♥ ❛♥❞✴♦r ♠❡t❛✲❝♦❣♥✐t✐♦♥ ♦❢ ✐ts ♣❛rt✐❝✐♣❛♥ts ✭s❡❡ ❡✳❣✳ ❬✹✹❪✮✳ ❚❤✐s ✐s
   ♣❛rt✐❝✉❧❛r❧② tr✉❡ ❢♦r ❊s❝❛♣❡ ❘♦♦♠s✳ ❆✐♠✐♥❣ t♦ ❛ss❡ss t❤❡ ♥❡❡❞s ♦❢ ❙▼❊s ❛♥❞ ✐ts
   ❡♠♣❧♦②❡❡s✱ ✇❡ ❞✐❞ ♥♦t ♣✉rs✉❡ t❤✐s ❢♦❝✉s ❢♦r t❤❡ ♣r❡s❡♥t ❊s❝❛♣❡ ❘♦♦♠✳ ❘❛t❤❡r✱ ❛
   s❡tt✐♥❣ ✇❛s ♥❡❡❞❡❞ t❤❛t ♣✉t t❤❡ ♣❛rt✐❝✐♣❛♥ts ✐♥ ❛♥ ✭❛✛❡❝t✐✈❡✮ st❛t❡✱ s♦ t❤❡② ✇♦✉❧❞
   ✇❛♥t t♦ s❤❛r❡ ♣❡rs♦♥❛❧ ❛♥❞✴♦r ✐♥❢♦r♠❛❧ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ ♥♦t ❥✉st s✉♣❡r✜❝✐❛❧ ♦r
   s♦❝✐❛❧❧② ❞❡s✐r❡❞ ✐♥❢♦r♠❛t✐♦♥✳
         ❆✛❡❝t✐✈❡ st❛t❡s ✕ ❢♦r♠✐♥❣ ❛ s✉♣❡r♦r❞✐♥❛t❡ ❝❛t❡❣♦r② ❢♦r ❡♠♦t✐♦♥s ❛♥❞ ❢❡❡❧✐♥❣s
   ✕ ❤❛✈❡ ❛♥ ✐♠♣❛❝t ♦♥ t❤❡ ❧❡❛r♥✐♥❣ ♣r♦❝❡ss ❛♥❞ ❡❞✉❝❛t✐♦♥❛❧ ❛❝❤✐❡✈❡♠❡♥ts✱ ♣r❡❝✐s❡❧②
   ♦♥ ♦♥❡✬s ♠♦t✐✈❛t✐♦♥ t♦ ❧❡❛r♥ ❛♥❞ ❛❝❤✐❡✈❡ ❛ ❝❡rt❛✐♥ ❣♦❛❧ ✭s❡❡ ❡✳❣✳ ❬✸✶❪ ❛♥❞ ❬✷✷❪✮✳
   ❇♦t❤ ♣♦s✐t✐✈❡ ❛♥❞ ♥❡❣❛t✐✈❡ ❡♠♦t✐♦♥s s❡❡♠ t♦ ❜❡ ❛ s✉❜st❛♥t✐❛❧ ♣❛rt ♦❢ ❧❡❛r♥✐♥❣✳
   ❚❤❡ s✉❜❥❡❝t✐✈❡ ❢❡❡❧✐♥❣ t❤❛t ✐s ❡①♣❡r✐❡♥❝❡❞ ❝❛♥ ❜❡ s❡❡♥ ❛s ❛ s♦✉r❝❡ ♦❢ ✐♥❢♦r♠❛t✐♦♥
   t❤❛t✱ ❢♦r ❡①❛♠♣❧❡✱ ❤❡❧♣s t❤❡ ✐♥❞✐✈✐❞✉❛❧ t♦ ❢♦r♠ ❥✉❞❣♠❡♥t ❛♥❞ st❡❡r ❝♦❣♥✐t✐♦♥ ❡✳❣✳
   ❬✸✼❪✳ ■♥❢♦r♠❛t✐♦♥ ♣r♦❝❡ss✐♥❣ ❛♥❞ t❤❡ s❝♦♣❡ ♦❢ ❛tt❡♥t✐♦♥ ❝❛♥ ❝❤❛♥❣❡ ❞✉❡ t♦ ❛ s♣❡✲
   ❝✐✜❝ ❡♠♦t✐♦♥ t❤❛t ✐s ❡①♣❡r✐❡♥❝❡❞ ❬✶✶✱ ♣✳ ✸✶✹❪✿ ✏▼❛♥② ♣♦s✐t✐✈❡ ❡♠♦t✐♦♥s ❜r♦❛❞❡♥
   ✐♥❞✐✈✐❞✉❛❧s✬ ♠♦♠❡♥t❛r② t❤♦✉❣❤t✲❛❝t✐♦♥ r❡♣❡rt♦✐r❡s✱ ♣r♦♠♣t✐♥❣ t❤❡♠ t♦ ♣✉rs✉❡ ❛
   ✇✐❞❡r r❛♥❣❡ ♦❢ t❤♦✉❣❤ts ❬✳✳✳❪✑✳ ❆❞❞✐t✐♦♥❛❧❧②✱ t❤❡ ❡♠♦t✐♦♥s ♦♥❡ ❡①♣❡r✐❡♥❝❡s ❞✉r✐♥❣
   ❛ ❧❡❛r♥✐♥❣ ❛❝t✐✈✐t② ❝❛♥ ❤❡❧♣ ✇✐t❤ t❤❡ ✉♥❞❡rst❛♥❞✐♥❣ ♦❢ ✐♥❞✐✈✐❞✉❛❧ ✐♥t❡r❡sts ❛♥❞
   ❞❡✈❡❧♦♣✐♥❣ ❛ str♦♥❣ ❛♥❞ ❧♦♥❣✲❧❛st✐♥❣ ♠♦t✐✈❛t✐♦♥ ❬✸✷❪✳ ❉❛♠♣❡♥✐♥❣ ♦r ❛❝t✐✈❛t✐♥❣
   ♣♦s✐t✐✈❡ ♦r ♥❡❣❛t✐✈❡ ❛✛❡❝t ❝❛♥ ❜❡ ❤❡❧♣❢✉❧ ✐♥ t❤❡ ♠♦t✐✈❛t✐♦♥❛❧ ♣r♦❝❡ss t♦ ❣❛✐♥ ❛❝✲
   ❝❡ss t♦ s♣❡❝✐✜❝ ♥❡✉r♦❧♦❣✐❝❛❧ s②st❡♠s✱ t❤✉s ❛❝❝❡ss✐♥❣ ❢✉rt❤❡r ♦r ♥❡✇ ✐♥❢♦r♠❛t✐♦♥
   ✭s❡❡ ❡✳❣✳ ❬✶✾❪ ❛♥❞ ❬✷✼❪✮✳
         ❇❛s❡❞ ♦♥ t❤❡ ❡♠♣✐r✐❝❛❧ ✜♥❞✐♥❣s ❞❡s❝r✐❜❡❞ ❛❜♦✈❡✱ ♦♥❡ ❝♦✉❧❞ ❛ss✉♠❡ t❤❛t
   t❤r♦✉❣❤ ❛ s♣❡❝✐✜❝ ❧❡❛r♥✐♥❣ ❡♥✈✐r♦♥♠❡♥t ❞✐✛❡r❡♥t ❛✛❡❝t✐✈❡ st❛t❡s ♠✐❣❤t ❜❡ ✐♥✲
   ❞✉❝❡❞✱ ✇❤✐❝❤ ❝♦✉❧❞ ✐♥ t✉r♥ ❧❡❛❞ t♦ t❤❡ ❞✐s❝❧♦s✉r❡ ♦❢ ♥❡✇ ✐♥❢♦r♠❛t✐♦♥✳ ■♥ t❤✐s
   ❝❛s❡✱ t❤❡ ❡♠♦t✐♦♥❛❧❧② ❝❤❛r❣❡❞ ❊s❝❛♣❡ ❘♦♦♠ ♠✐❣❤t ❡♥❛❜❧❡ t❤❡ ♣❛rt✐❝✐♣❛♥ts t♦
   ❛❝❝❡ss ✐♥❢♦r♠❛t✐♦♥ ✐♥ ❛ ♠✉❝❤ ♠♦r❡ ✢❡①✐❜❧❡ ✇❛②✳ ❋❛❝✐♥❣✱ ❢♦r ❡①❛♠♣❧❡✱ ❛ ❢r✉str❛t✲
   ✐♥❣ s❝❡♥❛r✐♦ ❜✉t ❛❧s♦ ❤❛✈✐♥❣ ❛ s❡♥s❡ ♦❢ s✉❝❝❡ss ✐♥ t❤❡ ❡♥❞ ✇❤❡♥ t❤❡ r✐❞❞❧❡s ❛r❡




CERC 2020                                   386
Business and Society

   ✻         Pr♦ ❥❡❝t ❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r ❙▼❊s




   s♦❧✈❡❞✱ ❝♦✉❧❞ ❛❝❝♦r❞✐♥❣❧② ♠❛❦❡ ❛♥ ❊s❝❛♣❡ ❘♦♦♠ ❛ ❤❡❧♣❢✉❧ t♦♦❧ ✇❤❡♥ ❡✈❛❧✉❛t✐♥❣
   t❤❡ st❛t✉s q✉♦✱ ❛s ✐t ♠✐❣❤t ♣r♦✈✐❞❡ ❛ ♠♦r❡ ❞❡t❛✐❧❡❞ ❛♥❞ r❡❛❧✐st✐❝ ❛ss❡ss♠❡♥t✳



   ✹      ❚❤❡ ❊s❝❛♣❡ ❘♦♦♠ ✐♥ t❤❡ Pr♦ ❥❡❝t ❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r
          ❙▼❊s


   ■♥ t❤❡ ✜rst ✐♥st❛♥❝❡✱ ✐t ✐s ✐♠♣♦rt❛♥t ❢♦r ♣r♦❥❡❝ts r❡❧❛t❡❞ t♦ ❙▼❊s t♦ ❦♥♦✇ t❤❡ ❝✉r✲
   r❡♥t st❛t✉s ♦❢ ❛ ❝♦♠♣❛♥② ✐♥ ♦r❞❡r t♦ s✉♣♣♦rt ✐t ✐♥ ✐ts ❢✉rt❤❡r ❞❡✈❡❧♦♣♠❡♥t✳ ❚❤❡
   ♣r♦❥❡❝t ❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r ❙▼❊s ❛♣♣❧✐❡s✱ ❛♠♦♥❣ ♦t❤❡r ♠❡t❤♦❞s✱ ❛ s❡❧❢✲❞❡✈❡❧♦♣❡❞
   ❊s❝❛♣❡ ❘♦♦♠ ✐♥ ♦r❞❡r t♦ ❞❡t❡r♠✐♥❡ t❤❡ ♥❡❡❞s ✐♥ t❤❡ ❛r❡❛ ♦❢ ❦♥♦✇❧❡❞❣❡ tr❛♥s✲
   ❢❡r✳ ❚❤❡ ❢♦❧❧♦✇✐♥❣ s❡❝t✐♦♥s ❞❡s❝r✐❜❡ ❛❧❧ r❡❧❡✈❛♥t ❛s♣❡❝ts ♦❢ t❤❡ ❞❡✈❡❧♦♣❡❞ ❊s❝❛♣❡
   ❘♦♦♠✱ ❢r♦♠ t❤❡ ✐❞❡♥t✐✜❡❞ r❡q✉✐r❡♠❡♥ts t♦ t❤❡ st♦r②❧✐♥❡✱ str✉❝t✉r❡ ❛♥❞ s♣❡❝✐✜❝ ❡❧✲
   ❡♠❡♥ts s✉❝❤ ❛s ❛ ❝♦♥tr♦❧ ♠❡❝❤❛♥✐s♠ ❢♦r t❤❡ ●❛♠❡♠❛st❡r✳ ❚❤❡ ❝❤❛♣t❡r ❝♦♥❝❧✉❞❡s
   ✇✐t❤ t❤❡ ♠❛✐♥ ❣♦❛❧s t❤❛t t❤❡ ♣r♦❥❡❝t ✇❛♥ts t♦ ❛❝❤✐❡✈❡ ❜② ✉s✐♥❣ t❤❡ ❊s❝❛♣❡ ❘♦♦♠✳



   ✹✳✶     ❘❡q✉✐r❡♠❡♥ts


   ❲✐t❤ r❡❣❛r❞ t♦ t❤❡ ♦❜❥❡❝t✐✈❡ ♦❢ ❛ ♥❡❡❞s ❛♥❛❧②s✐s✱ s❡✈❡r❛❧ r❡q✉✐r❡♠❡♥ts ❤❛✈❡ t♦
   ❜❡ ♠❡t✿ ❋✐rst ♦❢ ❛❧❧✱ t❤❡ t❛r❣❡t ❣r♦✉♣ s❤♦✉❧❞ ❜❡ ❛s ❞✐✈❡rs❡ ❛s ♣♦ss✐❜❧❡ ✐♥ ♦r❞❡r t♦
   ❣❡t ❛ ❝♦♠♣r❡❤❡♥s✐✈❡ ✐♥s✐❣❤t ✐♥t♦ ❛❧❧ ❞❡♣❛rt♠❡♥ts ❛♥❞ ❡✈❡r② ❤✐❡r❛r❝❤✐❝❛❧ ❧❡✈❡❧ ♦❢
   t❤❡ ❝♦♠♣❛♥②✳ ❆❧s♦✱ ✐t ✐s r❡❝♦♠♠❡♥❞❛❜❧❡ t❤❛t t❤❡ ❊s❝❛♣❡ ❘♦♦♠ ✐s ♣❧❛②❛❜❧❡ ❢♦r ❛
   ✈❛r✐❡t② ♦❢ ♣❡♦♣❧❡ ✐♥ ♦r❞❡r t♦ ❛❞❛♣t t♦ t❤❡ r❡s♣❡❝t✐✈❡ s✐t✉❛t✐♦♥ ✭q✉❛♥t✐t②✱ ❞✐✈❡rs✐t②
   ♦❢ t❤❡ ❣r♦✉♣✮ ✐♥ t❤❡ ❝♦♠♣❛♥②✳ ❚❤❡ r❡❛❧✐st✐❝ r❛♥❣❡ ♦❢ ♣❛rt✐❝✐♣❛♥ts ❧✐❡s ❜❡t✇❡❡♥
   t✇♦ ❛♥❞ s✐①✳ ■♥ ❛❞❞✐t✐♦♥ t♦ t❤❡ ❛❞❥✉st❛❜❧❡ ♥✉♠❜❡r ♦❢ ♣❡♦♣❧❡✱ t❤❡ ❞✉r❛t✐♦♥ ♦❢
   t❤❡ ❊s❝❛♣❡ ❘♦♦♠ ♦r t❤❡ ❞✐✣❝✉❧t② ♦❢ t❤❡ r✐❞❞❧❡s ❛❧s♦ ♥❡❡❞s t♦ ❜❡ ✐♥❞✐✈✐❞✉❛❧❧②
   ❛❞❥✉st❡❞✳
         ❙✐♥❝❡ t❤❡ ❊s❝❛♣❡ ❘♦♦♠ s❡r✈❡s ❛s ❛♥ ✐♥tr♦❞✉❝t✐♦♥ t♦ t❤❡ ♥❡❡❞s ❛♥❛❧②s✐s ♦♥ t❤❡
   t♦♣✐❝ ♦❢ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r✱ ✐t ✐s ❢♦❧❧♦✇❡❞ ❜② ❛ ❢❡❡❞❜❛❝❦ ❞✐s❝✉ss✐♦♥ ✇✐t❤ r❡✢❡❝t✐✈❡
   q✉❡st✐♦♥s ❛♥❞ ❛♥ ✐♥t❡r❛❝t✐✈❡ ♣r❡s❡♥t❛t✐♦♥ ♦♥ t❤❡ t♦♣✐❝ ❝♦♠❜✐♥❡❞ ✇✐t❤ ✐♥❞✐✈✐❞✉❛❧
   s✉r✈❡②s✳ ❚❤❡ ♣❧❛♥♥❡❞ t✐♠❡ ❢♦r t❤❡ ❡♥t✐r❡ ♣❛rt ✐s ♦♥❡ ❤♦✉r✳ ❚❤❡r❡❢♦r❡ t❤❡ ♣❧❛②✐♥❣
   t✐♠❡ s❤♦✉❧❞ ♥♦t ❡①❝❡❡❞ ✷✵ t♦ ✷✺ ♠✐♥✉t❡s✳ ❈♦rr❡s♣♦♥❞✐♥❣❧②✱ ✐t ♠✉st ❜❡ ♣♦ss✐❜❧❡
   t♦ ❝♦♥tr♦❧ t❤❡ ❣❛♠❡ ❢r♦♠ ♦✉ts✐❞❡ ✐❢ ♥❡❝❡ss❛r②✳ ❚❤❡ ♠♦❜✐❧✐t② ♦❢ t❤❡ ❊s❝❛♣❡ ❘♦♦♠
   ♣r❡s❡♥ts t❤❡ t❤✐r❞ ♣r❡❝♦♥❞✐t✐♦♥✱ ❛s ✐t ✐s ♣❧❛②❡❞ ❞✐r❡❝t❧② ♦♥ s✐t❡ ❛♥❞ t❤❡r❡❢♦r❡
   ❤❛s t♦ ❜❡ ❛❞❛♣t❛❜❧❡ t♦ s♣❛t✐❛❧ ❝♦♥❞✐t✐♦♥s✳ ❚❤❡ ✜♥❛❧ r❡q✉✐r❡♠❡♥t ✐s t♦ ❝r❡❛t❡ ❛
   r❡❛❧✐st✐❝ ✇♦r❦✐♥❣ ❡♥✈✐r♦♥♠❡♥t ✇✐t❤ ❢❛♠✐❧✐❛r ♣r♦❜❧❡♠s ❛♥❞ s✐t✉❛t✐♦♥s ✐♥ ♦r❞❡r t♦
   ♠♦t✐✈❛t❡ ❛♥❞ ❛❧s♦ ❝❤❛❧❧❡♥❣❡ ❝♦♠♠✉♥✐❝❛t✐♦♥ ❜❡t✇❡❡♥ t❤❡ ♣❛rt✐❝✐♣❛♥ts✱ ✐♥ t✉r♥
   ❡♥❝♦✉r❛❣✐♥❣ t❤❡♠ t♦ ♠❛❦❡ ♦♣❡♥ ❛♥❞ r❡❛❧✐st✐❝ st❛t❡♠❡♥ts ❛❜♦✉t t❤❡ s✐t✉❛t✐♦♥ ✐♥
   t❤❡✐r ❝♦♠♣❛♥②✳ ■♥ t❤✐s ✈❡✐♥✱ t❤❡ r✐❞❞❧❡s ❛r❡ ♣r❡s❡♥t❡❞ ❛s ❡✈❡r②❞❛② t❛s❦s ♦♥❡ ❢❛❝❡s
   ✐♥ ❛♥ ♦✣❝❡ ❡♥✈✐r♦♥♠❡♥t✳



   ✹✳✷     ❙t♦r②❧✐♥❡✱ ❙tr✉❝t✉r❡ ❛♥❞ ●❛♠❡♣❧❛②


   ❚❤❡ st♦r②❧✐♥❡ ♦❢ t❤❡ ❊s❝❛♣❡ ❘♦♦♠ ✐s ❛❜♦✉t ❛ ❝♦♠♣❛♥② ♥❛♠❡❞ ✏❉❊▼▼■❈✑✱ ❛
   ✜❝t✐♦♥❛❧✱ ♠❡❞✐✉♠✲s✐③❡❞ ❝♦♠♣❛♥②✱ s♣❡❝✐❛❧✐③✐♥❣ ✐♥ t❤❡ ♣r♦❞✉❝t✐♦♥ ♦❢ ❝♦♠♣♦♥❡♥ts
   ❢♦r ❧✐❣❤t✇❡✐❣❤t ❝♦♥str✉❝t✐♦♥✳ ❖♥❡ ♦❢ ✐ts s❛❧❡s t❡❛♠ ♠❡♠❜❡rs ❤❛s ❢♦r❣♦tt❡♥ t♦




                                               387                                 CERC 2020
                                                                                                   Business and Society

                                                            ◆❡❡❞s ❆♥❛❧②s✐s ✈✐❛ ❛♥ ❊s❝❛♣❡ ❘♦♦♠                          ✼


   ❢♦r✇❛r❞ ❛♥ ♦r❞❡r t♦ t❤❡ ♣r♦❞✉❝t✐♦♥ ❞❡♣❛rt♠❡♥t ❜❡❢♦r❡ t❤❡② ✇❡♥t ♦♥ t❤❡✐r ✇❡❧❧✲
   ❞❡s❡r✈❡❞ ✈❛❝❛t✐♦♥✳ ❚❤❡ ❊s❝❛♣❡ ❘♦♦♠ t❛❦❡s ♣❧❛❝❡ r✐❣❤t ❛❢t❡r ❛ ❝✉st♦♠❡r ❤❛s
   ❝❛❧❧❡❞ ❛♥❞ ❝♦♠♣❧❛✐♥❡❞ ❛❜♦✉t t❤❡ ♠✐ss✐♥❣ ♦r❞❡r✳ ❚❤❡ ♣❛rt✐❝✐♣❛♥ts ❤❛✈❡ t♦ ❣❛✐♥
   ❛❝❝❡ss t♦ t❤❡✐r ❝♦❧❧❡❛❣✉❡s✬ ❧❛♣t♦♣s ❛♥❞ ✜♥❞ ✐t✳
       ❚❤❡ ❝✉rr❡♥t s✐t✉❛t✐♦♥ ♦❢ t❤❡ ❝♦♠♣❛♥② ✏❉❊▼▼■❈✑ s❡r✈❡s ❛s ❛ ♥❡❣❛t✐✈❡ ❡①✲
   ❛♠♣❧❡ ♦❢ ✐♥t❡r♥❛❧ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t✿


    ✕ ◆♦ ❝♦❤❡r❡♥t ❞♦❝✉♠❡♥t❛t✐♦♥ ♦❢ ♣r♦❝❡ss❡s❀
    ✕ ◆♦ ✉s❡ ♦❢ ❝♦♠♠♦♥ ❝♦♠♣❛♥② st❛♥❞❛r❞s ❧✐❦❡ ✜❧❡ s❡r✈❡rs ❡t❝✳❀
    ✕ ❈❧✉tt❡r❡❞ ✇♦r❦✐♥❣ ❡♥✈✐r♦♥♠❡♥t ❢✉❧❧ ♦❢ ✉♥♥❡❝❡ss❛r② st✉✛ ✭❡✳❣✳ ♥♦t ✇♦r❦ r❡✲
        ❧❛t❡❞ ♠❛❣❛③✐♥❡s✮❀
    ✕ ❖✉t❞❛t❡❞ ♦r ❡✈❡♥ ✇r♦♥❣ ❞♦❝✉♠❡♥ts✳
       ❚❤❡ str✉❝t✉r❡ ♦❢ t❤❡ ❊s❝❛♣❡ ❘♦♦♠ ❛♥❞ t❤❡ r✐❞❞❧❡s ❛♥❞ ✐t❡♠s ♥❡❡❞❡❞ t♦ ✜♥❞
   t❤❡ ♠✐ss✐♥❣ ♦r❞❡r ❛r❡ s❤♦✇♥ ✐♥ ✜❣✉r❡ ✷✳



     Riddle      1                   Riddle       2                  Riddle       4    Item        Riddle          3
    employee birthday    password    unlock laptop 1    password     unlock laptop 3     C         unlock laptop 2

                                               phone list                      files           order ID
      Item              Item                                                                       Riddle          5
        A                 B          Riddle       6                 Item                              find order
                                    find phone number                 D
                                                                                          ordered items
                                                                   phone number                    Riddle          7
                                                                                                   call production



                                ❋✐❣✳ ✷✳       ❘✐❞❞❧❡✲❋❧♦✇✲❈❤❛rt ✭❛s s❡❡♥ ✐♥ ❬✼❪✮✳



       ❆❢t❡r ❛ ❜r✐❡❢ ✐♥tr♦❞✉❝t✐♦♥ t♦ t❤❡ ❊s❝❛♣❡ ❘♦♦♠ ♠❡t❤♦❞✱ t❤❡ ♣❛rt✐❝✐♣❛♥ts ❛r❡
   ❞✐r❡❝t❧② ❝♦♥❢r♦♥t❡❞ ✇✐t❤ t❤❡ st❛rt✐♥❣ s✐t✉❛t✐♦♥ ✭t❤❡② ❛r❡ ❡♠♣❧♦②❡❡s ♦❢ ❉❊▼▼■❈✮
   ❛♥❞ s❡♥t ✐♥t♦ t❤❡ r♦♦♠✳ ❙✉❞❞❡♥❧② ❛♥ ❛❝t♦r ✭t❤❡ ❞✐s❣✉✐s❡❞ ●❛♠❡♠❛st❡r✮ ❡♥t❡rs
   ❛♥❞ ♣❛♥✐❝✲str✐❝❦❡♥❧② t❛❧❦s ❛❜♦✉t t❤❡ s✐t✉❛t✐♦♥ ♦❢ t❤❡ ❞✐s❛♣♣❡❛r❡❞ ♦r❞❡r ❛♥❞ t❤❡
   ❛♥❣r② ❝✉st♦♠❡r ✇❤♦ ❤❛s ❥✉st ❝❛❧❧❡❞✳ ❚❤❡ ❛❝t♦r ❛❧s♦ ❤❛♥❞s ♦✈❡r ❛ s♠❛rt♣❤♦♥❡ ❛s
   ❛ ♣♦ss✐❜✐❧✐t② t♦ ❝❛❧❧ ❢♦r ❤❡❧♣ ❛♥❞ ❢♦r t❤❡ ●❛♠❡♠❛st❡r t♦ ❣✐✈❡ ❝❧✉❡s ❛♥❞ ❧❡❛✈❡s
   t❤❡ r♦♦♠✳ ■♥ ❛❞❞✐t✐♦♥✱ t❤❡ ♣❤♦♥❡ ✐s ♥❡❡❞❡❞ ❢♦r r✐❞❞❧❡ ✼ t♦ ❝❛❧❧ t❤❡ ♣r♦❞✉❝t✐♦♥
   ❞❡♣❛rt♠❡♥t ✇✐t❤ t❤❡ ❝♦rr❡s♣♦♥❞✐♥❣ ♦r❞❡r✳ ❆s ✐t ❝❛♥ ❜❡ s❡❡♥ ✐♥ ✜❣✉r❡ ✷✱ t❤❡
   ♣❛rt✐❝✐♣❛♥ts ✐♥✐t✐❛❧❧② ❤❛✈❡ t♦ ✜♥❞ s❡✈❡r❛❧ ✐t❡♠s ✭❆ ✲ ❈✮ t♦ s♦❧✈❡ t❤❡ st❛rt✐♥❣
   r✐❞❞❧❡s ✭✶ ✲ ✸✮ ❛♥❞ t♦ ❣❡t ❛❝❝❡ss t♦ t✇♦ ♦❢ t❤❡ t❤r❡❡ ❧❛♣t♦♣s✳ ❚♦ ✉♥❧♦❝❦ t❤❡ t❤✐r❞
   ❧❛♣t♦♣ ✭r✐❞❞❧❡ ✹✮ t❤❡② ❤❛✈❡ t♦ ❝♦♠❜✐♥❡ ❛♥♦t❤❡r ✐t❡♠ ✭❉✮ ✇✐t❤ s♦♠❡ ✐♥❢♦r♠❛t✐♦♥
   t❤❡② ❣❡t ❜② s♦❧✈✐♥❣ r✐❞❞❧❡ ✸✳ ❇② ✉♥❧♦❝❦✐♥❣ ❡❛❝❤ ❧❛♣t♦♣✱ t❤❡ ♣❛rt✐❝✐♣❛♥ts ❣❡t
   ❛ ♣✐❡❝❡ ♦❢ ✐♥❢♦r♠❛t✐♦♥ ✇❤✐❝❤ ✐s ♥❡❡❞❡❞ t♦ ✜♥❞ t❤❡ ❧♦st ♦r❞❡r ✭r✐❞❞❧❡ ✺✮ ❛♥❞
   ❛❢t❡r✇❛r❞s s♦❧✈❡ t❤❡ ✜♥❛❧ r✐❞❞❧❡ ✭✼✮✳ ❚❤❡ ❞♦tt❡❞ ❛rr♦✇s t♦ ❛♥❞ ❢r♦♠ r✐❞❞❧❡ ✻
   ✐♥ t❤❡ ✜❣✉r❡ s❤♦✇ ❛♥ ♦♣t✐♦♥❛❧ r✐❞❞❧❡ ✇❤✐❝❤ ❝❛♥ ❜❡ ❛❞❞❡❞ ♦r r❡♠♦✈❡❞ ❜② t❤❡
   ●❛♠❡♠❛st❡r ❛♥❞ ✇✐❧❧ ❜❡ ❞❡s❝r✐❜❡❞ ✐♥ t❤❡ ♥❡①t s❡❝t✐♦♥ ✭✹✳✸✮✳ ❆❢t❡r s♦❧✈✐♥❣ r✐❞❞❧❡
   ✼ ❜② ❝❛❧❧✐♥❣ t❤❡ ♣r♦❞✉❝t✐♦♥ ❞❡♣❛rt♠❡♥t t❤❡ ♣❛rt✐❝✐♣❛♥ts ❝❛♥ s✉❝❝❡ss❢✉❧❧② ❡s❝❛♣❡




CERC 2020                                                   388
Business and Society

   ✽         Pr♦ ❥❡❝t ❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r ❙▼❊s




   t❤❡ r♦♦♠✳ ■♥ ❛❞❞✐t✐♦♥ t♦ t❤❡ r✐❞❞❧❡s ✶ t♦ ✼✱ t❤❡r❡ ❛r❡ ❛ ❧♦t ♦❢ ❢❛❧s❡ ❝❧✉❡s ❤✐❞❞❡♥
   t❤r♦✉❣❤♦✉t t❤❡ ❊s❝❛♣❡ ❘♦♦♠✱ ✇❤✐❝❤ ✐s ❛❧s♦ ❛ ❝♦♠♠♦♥ ❢❡❛t✉r❡ ✐♥ ❝♦♠♠❡r❝✐❛❧
   ❊s❝❛♣❡ ❘♦♦♠s ❬✷✾❪✳ ❚❤✐s ✐s ✐♥t❡♥❞❡❞ t♦ s❧♦✇ ❞♦✇♥ t❤❡ ♣❛rt✐❝✐♣❛♥ts ❛♥❞ s✐♠✉❧❛t❡
   ❛ t②♣✐❝❛❧ s✐t✉❛t✐♦♥ ❛t ✇♦r❦✱ ✇❤❡♥ t❤❡② ❤❛✈❡ t♦ s❡❛r❝❤ ❢♦r ✐♥❢♦r♠❛t✐♦♥✳




   ✹✳✸     ❈♦♥tr♦❧ ❖♣t✐♦♥s ❢♦r t❤❡ ●❛♠❡♠❛st❡r


   ❚❤❡ ●❛♠❡♠❛st❡r ✐s ❛✇❛r❡ ♦❢ t❤❡ ♣r♦❣r❡ss t❤❡ ♣❛rt✐❝✐♣❛♥ts ❤❛✈❡ ❛❝❤✐❡✈❡❞ ❛♥❞ ❝❛♥
   ✐♥t❡r✈❡♥❡ ✇❤❡♥❡✈❡r ♥❡❡❞❡❞✳ ❚♦ t❤✐s ❡♥❞✱ ♣❛rt✐❝✐♣❛♥ts ❛r❡ ♦❜s❡r✈❡❞ ❛✉❞✐♦✲✈✐s✉❛❧❧②
   ❢r♦♠ t❤❡ ♦✉ts✐❞❡✳ ❚♦ ❣✐✈❡ ❤✐♥ts✱ t❤❡ s♠❛rt♣❤♦♥❡ ✐s ✉s❡❞ ✐♥ ♦r❞❡r t♦ ♣r❡s❡r✈❡ t❤❡
   t❡♥s❡ ❛t♠♦s♣❤❡r❡ ♦❢ t❤❡ ❊s❝❛♣❡ ❘♦♦♠✳ ❲❤❡♥ ❝❛❧❧✐♥❣ t❤❡ ♣❛rt✐❝✐♣❛♥ts✱ t❤❡ ❛❝t♦r
   ✭t❤❡ ❞✐s❣✉✐s❡❞ ●❛♠❡♠❛st❡r✮ ❧❡❛✈❡s ❝❧✉❡s ❧✐❦❡✿ ✏❍❛✈❡ ②♦✉ ❧♦♦❦❡❞ ✐♥t♦ t❤❡ ❞r❛✇❡r❄
   ❚❤❡② ✉s✉❛❧❧② ♣✉t ❛❧❧ t❤❡✐r st✉✛ t❤❡r❡✳✑
         ❆s ♠❡♥t✐♦♥❡❞ ✐♥ t❤❡ ♣r❡✈✐♦✉s s❡❝t✐♦♥✱ r✐❞❞❧❡ ✻ ✐s ♦♣t✐♦♥❛❧✳ ❚❤✐s ✇❛s ✐♥tr♦❞✉❝❡❞
   t♦ ❝♦♥tr♦❧ t❤❡ ♣❧❛②✐♥❣ t✐♠❡✳ ❊s♣❡❝✐❛❧❧② ✐♥ t❤❡ ❝♦♥t❡①t ♦❢ t❤❡ ❊s❝❛♣❡ ❘♦♦♠ ❜❡✐♥❣
   ♦♥❧② ♦♥❡ ♦❢ s❡✈❡r❛❧ ❞✐✛❡r❡♥t ✇♦r❦s❤♦♣s t❤❛t t❛❦❡ ♣❧❛❝❡ ❛t t❤❡ ❝♦♠♣❛♥②✱ t❤✐s
   ✐s ❛ ✈❛❧✉❛❜❧❡ ♦♣t✐♦♥✳ ❘✐❞❞❧❡ ✻ ✐s ❛❜♦✉t ✜♥❞✐♥❣ t❤❡ r✐❣❤t ♣❤♦♥❡ ♥✉♠❜❡r ♦❢ t❤❡
   ♣r♦❞✉❝t✐♦♥ ❞❡♣❛rt♠❡♥t ✇❤❡♥ ❣✐✈❡♥ s❡✈❡r❛❧✱ ♣❛rt❧② ♦✉t❞❛t❡❞✱ ❧✐sts ♦❢ ♥✉♠❜❡rs✳ ■♥
   ♦r❞❡r t♦ s♦❧✈❡ t❤✐s r✐❞❞❧❡✱ t❤❡ ♣❛rt✐❝✐♣❛♥ts ❤❛✈❡ t♦ ❝❛❧❧ t❤❡ r✐❣❤t ♥✉♠❜❡r ❛❢t❡r
   ✜♥❞✐♥❣ t❤❡ ❝♦rr❡❝t ❧✐st✳ ❊❛❝❤ ❝❛❧❧ ✐s r❡❝❡✐✈❡❞ ❜② t❤❡ ●❛♠❡♠❛st❡r✱ ✇❤♦✱ ❞❡♣❡♥❞✐♥❣
   ♦♥ t❤❡ ❝♦rr❡❝t♥❡ss ♦❢ t❤❡ ♥✉♠❜❡r✱ ❝❛♥ r❡❛❝t ❝♦rr❡s♣♦♥❞✐♥❣❧②✿


    ✶✮ ❆♥s✇❡r t❤❡ ♣❤♦♥❡ ✇✐t❤✿ ✏P❡rs♦♥ ❳✱ ❢r♦♠ ♣r♦❞✉❝t✐♦♥ ❞❡♣❛rt♠❡♥t✳ ❍♦✇ ♠❛②
         ■ ❤❡❧♣ ②♦✉❄✑
    ✷✮ ◆♦t ❛♥s✇❡r t❤❡ ♣❤♦♥❡ ❛t ❛❧❧✳
    ✸✮ ❆♥s✇❡r t❤❡ ♣❤♦♥❡ ✇✐t❤ s♦♠❡ ❡①❝✉s❡ t❤❛t t❤❡② ♠✉st ❤❛✈❡ ❝❛❧❧❡❞ t❤❡ ✇r♦♥❣
         ♥✉♠❜❡r✳


         ❲❤❡♥ s❦✐♣♣✐♥❣ t❤❡ r✐❞❞❧❡✱ t❤❡ ●❛♠❡♠❛st❡r ❥✉st ❛♥s✇❡rs t❤❡ ✜rst ♣❤♦♥❡ ❝❛❧❧
   ✇✐t❤ ♦♣t✐♦♥ ♥✉♠❜❡r ✶✮✳




   ✹✳✹     ▼❛✐♥ ●♦❛❧s


   ❆s t❤❡ ❊s❝❛♣❡ ❘♦♦♠ ✐s ♣❛rt ♦❢ t❤❡ ♥❡❡❞s ❛ss❡ss♠❡♥t ✐♥ t❤❡ ♣r♦❥❡❝t ❊❞✉❝❛✲
   t✐♦♥ ✹✳✵ ❢♦r ❙▼❊s✱ ❞✐✛❡r❡♥t ♦❜❥❡❝t✐✈❡s ❢♦r ❢✉rt❤❡r ❞❛t❛ ❝♦❧❧❡❝t✐♦♥ ❛r❡ ❧✐♥❦❡❞ t♦
   t❤❡ ♣❛rt✐❝✐♣❛t✐♦♥ ♦❢ t❤❡ ✇♦r❦❢♦r❝❡✳ ❖♥❡ ♦❢ t❤❡ ♠❛✐♥ ❣♦❛❧s ✐s t♦   r❛✐s❡ ❛✇❛r❡♥❡ss
   ❛♥❞ s❡♥s✐t✐✈✐t② ❢♦r t❤❡ ✐♠♣♦rt❛♥❝❡ ♦❢ ❛♣♣r♦♣r✐❛t❡ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ✇✐t❤✐♥ t❤❡
   ❝♦♠♣❛♥②     ✳ ❚❤✐s r❛♥❣❡s ❢r♦♠ ✉♥❞❡rst❛♥❞✐♥❣ ♦❢ ❦♥♦✇✐♥❣ ✇❤❛t ♦♥❡ ❦♥♦✇s✱ t♦ ❛r✲
   t✐❝✉❧❛t✐♦♥ ❛♥❞ tr❛♥s♣❛r❡♥t ❛♥❞ ❝♦♠♣r❡❤❡♥s✐❜❧❡ ❞♦❝✉♠❡♥t❛t✐♦♥ ♦❢ t❤❡ ❦♥♦✇❧❡❞❣❡
   ✐♥ q✉❡st✐♦♥✳ ▲❡❛r♥✐♥❣ ♠♦r❡ ❛❜♦✉t t❤❡ ❝✉rr❡♥t ❞✐✣❝✉❧t✐❡s ✐♥ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r
   ❛♥❞ t❤❡ st❛t✉s q✉♦ ✐♥ t❤❡ r❡s♣❡❝t✐✈❡ ❡♥t❡r♣r✐s❡   r❡♣r❡s❡♥ts ❛ ❢✉rt❤❡r ❣♦❛❧✳ ❋✐♥❛❧❧②✱
   ❜② s❤♦✇✐♥❣ t❤❡ ♣❛rt✐❝✐♣❛♥ts ❛ ✇♦rst✲❝❛s❡ s❝❡♥❛r✐♦ ♦❢ ❤♦✇ ♥♦t t♦ ❞♦ ❦♥♦✇❧❡❞❣❡
   tr❛♥s❢❡r ❛♥❞ ❞♦❝✉♠❡♥t❛t✐♦♥✱ t❤❡② s❤♦✉❧❞    ❜❡ ❡♥❝♦✉r❛❣❡❞ t♦ t❛❧❦ ♦♣❡♥❧② ❛♥❞ ❢r❡❡❧②
   ❛❜♦✉t t❤❡ ❡①♣❡r✐❡♥❝❡s t❤❡② ❛r❡ ❢❛❝✐♥❣ ✐♥ t❤❡✐r ❡✈❡r②❞❛② ✇♦r❦✐♥❣ ❧✐❢❡   ✳




                                               389                                  CERC 2020
                                                                            Business and Society

                                           ◆❡❡❞s ❆♥❛❧②s✐s ✈✐❛ ❛♥ ❊s❝❛♣❡ ❘♦♦♠            ✾

   ✺      ❊①♣❧♦r❛t♦r② ❙t✉❞② ✐♥ t✇♦ ❙▼❊s
   ❏♦✐♥t ✇♦r❦ ✇✐t❤ ❛ ❝♦♠♣❛♥② ❜❡❣✐♥s ✇✐t❤ ❛ ♣r❡❧✐♠✐♥❛r② ❞✐s❝✉ss✐♦♥ ✇✐t❤ t❤❡ ♠❛♥✲
   ❛❣❡♠❡♥t t♦ ✐❞❡♥t✐❢② st❛rt✐♥❣ ♣♦✐♥ts✳ ❇❛s❡❞ ♦♥ t❤❡s❡ ✜rst r❡s✉❧ts✱ t❤❡ s♦✲❝❛❧❧❡❞
   ♣r❛❝t✐❝❛❧ t❛st❡r ❞❛②✭s✮ ✐s ✐♥❞✐✈✐❞✉❛❧❧② ♦r❣❛♥✐③❡❞ ❢♦r ❡❛❝❤ ❝♦♠♣❛♥②✳ ■♥ ❛❞❞✐t✐♦♥
   t♦ ❛ ♣r❛❝t✐❝❛❧ ✐♥s✐❣❤t ✐♥t♦ t❤❡ ♣r♦❥❡❝t ❝♦♥t❡♥ts✱ t❤❡ ❢♦r♠❛t ♦❢ t❤❡ ♣r❛❝t✐❝❛❧ t❛st❡r
   ❞❛② ❝♦♥s✐sts ♦❢ s❡✈❡r❛❧ ✇♦r❦s❤♦♣s ✐♥❝❧✉❞✐♥❣ ❛ ♥❡❡❞s ❛♥❛❧②s✐s✳ ❚❤❡ ♥❡❡❞s ❛♥❛❧②s✐s
   ✐♥t❡♥❞s t♦ r❡✐❢② t❤❡ ❞✐s❝r❡♣❛♥❝② ❜❡t✇❡❡♥ t❤❡ ❞❡s✐r❡❞ s✐t✉❛t✐♦♥ ❛♥❞ t❤❡ ❛❝t✉❛❧ s✐t✲
   ✉❛t✐♦♥ ❛♥❞ t❤✉s ❤❛s t❤❡ ❛✐♠ ♦❢ ✏❛♥❛❧②③✐♥❣ ❞❡✜❝✐ts ✐♥ ❡❞✉❝❛t✐♦♥✱ ♣r♦♠♦t✐♦♥ ❛♥❞
   ♦r❣❛♥✐③❛t✐♦♥❛❧ ❞❡✈❡❧♦♣♠❡♥t ❛t t❤❡ str❛t❡❣✐❝✱ ♦♣❡r❛t✐♦♥❛❧ ❛♥❞ ✐♥❞✐✈✐❞✉❛❧ ❧❡✈❡❧✑
   ❬✺✱ ♣✳ ✽✷✺❪✳ ❚❤❡ ♠❛♥❛❣❡♠❡♥t s❡❧❡❝ts t❤❡ r❡♣r❡s❡♥t❛t✐✈❡s ♦❢ t❤❡ ✇♦r❦❢♦r❝❡ ✇❤♦
   ♣❛rt✐❝✐♣❛t❡ ✐♥ t❤❡ ♣r❛❝t✐❝❛❧ t❛st❡r ❞❛②✱ ❛❝❝♦r❞✐♥❣ t♦ s♣❡❝✐✜❝ ❝r✐t❡r✐❛✳ ❚❤❡② r❡♣✲
   r❡s❡♥t ❛ ❣r♦✉♣ ❛s ❤❡t❡r♦❣❡♥❡♦✉s ❛s ♣♦ss✐❜❧❡ ✐♥ t❡r♠s ♦❢ ❞✐✛❡r❡♥t ❞❡♣❛rt♠❡♥ts✱
   ❤✐❡r❛r❝❤✐❝❛❧ ❧❡✈❡❧s✱ tr❛✐♥✐♥❣✱ ❣❡♥❞❡r✱ ❢✉❧❧✲t✐♠❡ ❛♥❞ ♣❛rt✲t✐♠❡ ❡♠♣❧♦②♠❡♥t✱ ❡t❝✳
         ■♥ t❤❡ ❝♦♥t❡①t ♦❢ t❤❡ ♣r♦❥❡❝t ❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r ❙▼❊s✱ t❤❡ ♥❡❡❞s ❛♥❛❧②s✐s
   ❝♦♠♣r✐s❡s t✇♦ t❤❡♠❛t✐❝ ♣r✐♦r✐t✐❡s✿ ❞✐❣✐t✐③❛t✐♦♥ ❛♥❞ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r✳ ❲❤✐❧❡
   t❤❡ s✐t✉❛t✐♦♥ ✐♥ t❤❡ ✜❡❧❞ ♦❢ ❞✐❣✐t✐③❛t✐♦♥ ✐s ♣r✐♠❛r✐❧② ❡✈❛❧✉❛t❡❞ ❜② t❤❡ ♠❡t❤♦❞
   ▲❊●❖     ❘ ❙❊❘■❖❯❙ P▲❆❨ ❘ ✱ t❤❡ s❡❧❢✲❞❡✈❡❧♦♣❡❞ ❊s❝❛♣❡ ❘♦♦♠ ❞❡s❝r✐❜❡❞ ❛❜♦✈❡
   ♣r✐♠❛r✐❧② s❡r✈❡s t♦ ❛ss❡ss ♥❡❡❞s ✐♥ t❤❡ ❛r❡❛ ♦❢ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r✳ ■♥ ❛❞❞✐t✐♦♥✱
   t❤❡ t❡❝❤♥✐❝❛❧ s♦❧✉t✐♦♥s ❢♦r ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t t❤❛t ♠❛② ❛❧r❡❛❞② ❜❡ ❛✈❛✐❧❛❜❧❡
   ✐♥ t❤❡ ❝♦♠♣❛♥② ❛r❡ ❝♦♥s✐❞❡r❡❞ ❛t t❤✐s ♣♦✐♥t ❛s ✇❡❧❧✳
         ❚❤❡ ❝♦❧❧❡❝t✐♦♥ ♦❢ ❞❛t❛ ✐♥ t❤❡ ❛r❡❛ ♦❢ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ✐s ❞✐✈✐❞❡❞ ✐♥t♦ t✇♦
   ♣❛rts✿ ✶✮ P❛rt✐❝✐♣❛t✐♦♥ ✐♥ t❤❡ ❊s❝❛♣❡ ❘♦♦♠ ✐s ❢♦❧❧♦✇❡❞ ❜② ❛ s❤♦rt ❢❡❡❞❜❛❝❦ r♦✉♥❞
   ✇✐t❤ r❡✢❡❝t✐✈❡ q✉❡st✐♦♥s ❛♥❞ ✷✮ ❛♥ ✐♥t❡r❛❝t✐✈❡ ♣r❡s❡♥t❛t✐♦♥ ❛❜♦✉t ❦♥♦✇❧❡❞❣❡
   tr❛♥s❢❡r ✐♥❝❧✉❞✐♥❣ ✐♥❞✐✈✐❞✉❛❧ s✉r✈❡②s✳ ❋✉rt❤❡r♠♦r❡✱ ❛t t❤❡ ❡♥❞ ♦❢ t❤❡ ♣r❛❝t✐❝❛❧
   t❛st❡r ❞❛② t❤❡ ♣❛rt✐❝✐♣❛♥ts ✜❧❧ ✐♥ q✉❡st✐♦♥♥❛✐r❡s ✐♥ ✇❤✐❝❤✱ ❛♠♦♥❣ ♦t❤❡r t♦♣✐❝s✱
   t❤❡② ❛❧s♦ ❡✈❛❧✉❛t❡ t❤❡ ❡①♣❡r✐❡♥❝❡❞ ❊s❝❛♣❡ ❘♦♦♠ ❛♥❞ t❤❡ ✐♥♣✉t ❢♦r t❤❡ ❦♥♦✇❧❡❞❣❡
   tr❛♥s❢❡r ✭✶✷ ✐t❡♠s ✇✐t❤ ✺ ♣♦✐♥t ▲✐❦❡rt s❝❛❧❡ r❛♥❣✐♥❣ ❢r♦♠ ✏❢✉❧❧② ❛❣r❡❡✑ t♦ ✏t♦t❛❧❧②
   ❞✐s❛❣r❡❡✑✮✳



   ✺✳✶      ❘❡s✉❧ts ♦❢ t❤❡ ◗✉❡st✐♦♥♥❛✐r❡ ♦♥ t❤❡ ❊s❝❛♣❡ ❘♦♦♠

   ■♥ t❤❡ ✜rst st❡♣✱ s♦♠❡ ✐♥s✐❣❤ts ❢r♦♠ t❤❡ q✉❡st✐♦♥♥❛✐r❡ ♦♥ t❤❡ ❊s❝❛♣❡ ❘♦♦♠
   ♠❡t❤♦❞ ❛s ❛ t♦♦❧ ❢♦r ♥❡❡❞s ❛♥❛❧②s✐s ✇✐❧❧ ❜❡ ❣✐✈❡♥✳ ■t ♣r♦✈❡❞ t♦ ❜❡ ❛♥ ✐♥♥♦✈❛t✐✈❡
   ❛♥❞ ❡♥❥♦②❛❜❧❡ ♠❡t❤♦❞✱ ❛s ✾✵✳✺ ✪ ✭♥ ❂ ✷✶✮ ♦❢ t❤❡ ♣❛rt✐❝✐♣❛♥ts ❤❛❞ ♥♦t ✈✐s✐t❡❞
   ❛♥ ❊s❝❛♣❡ ❘♦♦♠ ✐♥ t❤❡✐r ❢r❡❡ t✐♠❡ ②❡t✱ ✇❤✐❧❡ ❛❧♠♦st ❛❧❧ ♦❢ t❤❡♠ ❤❛❞ ❢✉♥ ✐♥
   t❤❡ s❡ss✐♦♥ ❞✉r✐♥❣ t❤❡ ♣r❛❝t✐❝❛❧ t❛st❡r ❞❛② ✭✾✺✳✷ ✪ ✏❢✉❧❧② ❛❣r❡❡❞✑ ❛♥❞ ✏❛❣r❡❡❞✑
   ♦♥ t❤✐s ✐t❡♠✱ ✇❤✐❧❡ ♦♥❡ ✇❛s ✏♥❡✉tr❛❧✑✮✳ ❚❤❡ ❞✐✣❝✉❧t② ❛♥❞ ♥✉♠❜❡r ♦❢ t❛s❦s ✇❡r❡
   ❢✉rt❤❡r♠♦r❡ ❞❡❡♠❡❞ ❛♣♣r♦♣r✐❛t❡ ❜② t❤❡ ♠❛❥♦r✐t② ♦❢ t❤❡ ♣❛rt✐❝✐♣❛♥ts ✭✽✺✳✼ ✪ ❛♥❞
   ✽✶ ✪ r❡s♣❡❝t✐✈❡❧② ❢♦r ♣♦s✐t✐✈❡ ❛♥s✇❡rs✱ ♦♥❧② ♦♥❡ ♣❛rt✐❝✐♣❛♥t ✏t♦t❛❧❧② ❞✐s❛❣r❡❡❞✑✱
   ✇❤✐❝❤ ♠✐❣❤t ❜❡ r❡✢❡❝t❡❞ ✐♥ ♦♥❡ ♦❢ t❤❡ ❛♥s✇❡rs ✐♥ t❤❡ ❢❡❡❞❜❛❝❦ s❡ss✐♦♥ ❞❡s❝r✐❜❡❞
   ✐♥ ✺✳✷✮✳
         ❆♣❛rt ❢r♦♠ t❤❡ ♠❡t❤♦❞ ❛s s✉❝❤✱ ✐ts s✉✐t❛❜✐❧✐t② ✐♥ t❡r♠s ♦❢ ✐ts ❣♦❛❧ r❛✐s✲
   ✐♥❣ ❛✇❛r❡♥❡ss ❢♦r t❤❡ ✐♠♣♦rt❛♥❝❡ ♦❢ ❛♣♣r♦♣r✐❛t❡ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ✇✐t❤✐♥ ♦♥❡✬s
   ❝♦♠♣❛♥② ✇❛s r❛t❡❞✳ ❚♦ t❤✐s ❡♥❞✱ t❤❡ ♣❛rt✐❝✐♣❛♥ts ✇❡r❡ ❛s❦❡❞ ✇❤❡t❤❡r t❤❡② ✏❢♦✉♥❞
   t❤❡ ❵❊s❝❛♣❡ ❘♦♦♠✬ ♠❡t❤♦❞ ❤❡❧♣❢✉❧ t♦ t❤✐♥❦ ❛❜♦✉t ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ✐♥ ❬t❤❡✐r❪




CERC 2020                                   390
Business and Society

   ✶✵        Pr♦ ❥❡❝t ❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r ❙▼❊s




   ❡✈❡r②❞❛② ✇♦r❦✑✳ ❆❧t❤♦✉❣❤ ✶✹✳✸ ✪ ❞✐❞ ♥♦t t❛❦❡ ❛♥② s✐❞❡ ❛♥❞ ✹✳✽ ✪ ❞✐s❛❣r❡❡❞ ♦♥
   t❤✐s q✉❡st✐♦♥✱ t❤❡ st❛t❡♠❡♥t ✇❛s ❝♦♥✜r♠❡❞ ❡①♣❧✐❝✐t❧② ❜② ✽✵✳✾ ✪✳ ❆❧s♦✱ ♠♦st ♦❢
   t❤❡ r❡s♣♦♥❞❡♥ts ✭✼✻✳✷ ✪✮ ❛❣r❡❡❞ t❤❛t t❤❡ ♠❡t❤♦❞ ❤❡❧♣❡❞ t❤❡♠ ✏t♦ ✉♥❞❡rst❛♥❞
   t❤❡ t♦♣✐❝ ♦❢ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ❜❡tt❡r✑✳ ❆s❦❡❞ ❢♦r ♥❡✇ ✐♥s✐❣❤ts ❛❜♦✉t ❦♥♦✇❧✲
   ❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ❛♥❞ tr❛♥s❢❡r ✐♥ t❤❡✐r ❡✈❡r②❞❛② ✇♦r❦✱ t❤❡ ♣❛rt✐❝✐♣❛♥ts ❛♥s✇❡rs
   ❞✐✈❡r❣❡❞ ♠♦r❡✱ r❛♥❣✐♥❣ ❢r♦♠ ✏t♦t❛❧❧② ❛❣r❡❡✑ ✭✶✾ ✪✮ t♦ ✏❞✐s❛❣r❡❡✑ ✭✹✳✽ ✪✮❀ t❤❡
   ♠❛❥♦r✐t② ❤♦✇❡✈❡r ✏❛❣r❡❡❞✑ t♦ ❤❛✈❡ ❜❡❝♦♠❡ ❛✇❛r❡ ♦❢ ♥❡✇ ❛s♣❡❝ts ✭✻✶✳✾ ✪✮✳ ❈♦♥✲
   s✐❞❡r✐♥❣ t❤❡ ✏♣r❛❝t✐❝❛❧ ✐♠♣❧✐❝❛t✐♦♥s✑ ♦❢ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r✱ ♠♦st ♣❛rt✐❝✐♣❛♥ts
   ✇❡r❡ ♣♦s✐t✐✈❡ ✭✼✻✳✷ ✪✮ t❤❛t t❤❡ ❊s❝❛♣❡ ❘♦♦♠ s✉♣♣♦rt❡❞ t❤❡✐r ❛✇❛r❡♥❡ss ♦❢ t❤❡
   t♦♣✐❝✳ ❍♦✇❡✈❡r✱ ❛❧♠♦st ❛ q✉❛rt❡r ✭✷✸✳✽ ✪✮ ❤❛❞ ❛ ♥❡✉tr❛❧ st❛♥❝❡ r❡❣❛r❞✐♥❣ t❤✐s
   q✉❡st✐♦♥✱ s❤♦✇✐♥❣ t❤❛t s♦♠❡ ✐ss✉❡s ♠✐❣❤t ♥♦t ❜❡ ♥❡✇✳



   ✺✳✷     ❘❡s✉❧ts ♦❢ t❤❡ ❋❡❡❞❜❛❝❦ ❈♦♥✈❡rs❛t✐♦♥

   ■♥ ♦r❞❡r t♦ ❝♦♥t❡①t✉❛❧✐③❡ t❤❡ ❞❛t❛ ❢r♦♠ t❤❡ q✉❛♥t✐t❛t✐✈❡ ❛♥❞ ❛♥♦♥②♠♦✉s ❡✈❛❧✉✲
   ❛t✐♦♥ t❤❛t ✇❛s ❤❡❧❞ ❛t t❤❡ ❡♥❞ ♦❢ t❤❡ ❞❛②✱ s♦♠❡ st❛t❡♠❡♥ts ❢r♦♠ t✇♦ ❢❡❡❞❜❛❝❦
   r♦✉♥❞s ❤❡❧❞ ❞✐r❡❝t❧② ❛❢t❡r t❤❡ ❊s❝❛♣❡ ❘♦♦♠ ✇✐❧❧ ❜❡ ❞r❛✇♥ ♦♥✳ ❆s❦❡❞ ❛❜♦✉t t❤❡
   ♥✉♠❜❡r ♦❢ ♣❡♦♣❧❡ ♣❧❛②✐♥❣ t❤❡ ❊s❝❛♣❡ ❘♦♦♠✱ t❤❡ ♣❛rt✐❝✐♣❛♥ts ❝♦♥s✐❞❡r❡❞ ✐t t♦
   ❜❡ ✏♦❦❛②✑✳ ❚❤❡ ♣❛rt✐❝✐♣❛♥ts t❤❡♥ ♣♦✐♥t❡❞ ♦✉t t❤❛t✱ ✇❤✐❧❡ ❛❣r❡❡❛❜❧❡ ❢♦r t❤✐s ♣❧❛②✲
   ❢✉❧ ❝♦♥t❡①t✱ ✐t ✇❛s ❛ r❛t❤❡r ✉♥r❡❛❧✐st✐❝ s❝❡♥❛r✐♦ ❝♦♠♣❛r❡❞ t♦ t❤❡✐r ✇♦r❦✱ ✐♥ t❤❛t
   ✉s✉❛❧❧② s✉❝❤ ✐ss✉❡s ❛r❡ ♥♦t s♦❧✈❡❞ ✐♥ ❛ t❡❛♠✳ ❆t t❤❡ s❛♠❡ t✐♠❡✱ ❡s♣❡❝✐❛❧❧② ❢♦r
   ♣❛rt✐❝✐♣❛♥ts ✇✐t❤♦✉t ❛ s♣❡❝✐❛❧ ❛✣♥✐t② ❢♦r ❝♦♠♣✉t❡rs✱ t❤❡ t❡❛♠ ✇❛s ❛♥ ❡ss❡♥t✐❛❧
   ❢❛❝t♦r ❢♦r s♦❧✈✐♥❣ t❤❡ r✐❞❞❧❡s✳ ❚❤✐s ♠✐❣❤t ❜❡ ❛♥ ❡①♣❧❛♥❛t✐♦♥ ❢♦r ♦♥❡ ♣❛rt✐❝✐♣❛♥t✬s
   ❥✉❞❣♠❡♥t ✇❤♦ ❞✐❞ ♥♦t ✜♥❞ t❤❡ t❛s❦✬s ❞✐✣❝✉❧t② ❛♣♣r♦♣r✐❛t❡✳
         ❊✈❡♥ t❤✐s ✜rst q✉❡st✐♦♥ r❡❧❛t✐♥❣ t♦ t❤❡ ♣❛rt✐❝✐♣❛♥ts✬ ❡①♣❡r✐❡♥❝❡s ✐♥ t❤❡ ❊s❝❛♣❡
   ❘♦♦♠✱ ✇❤✐❝❤ ✇❛s ♠❛✐♥❧② ♠❡❛♥t t♦ s❡r✈❡ ❛s ❢❡❡❞❜❛❝❦ ❢♦r t❤❡ ❢✉rt❤❡r ❞❡✈❡❧♦♣♠❡♥t
   ♦❢ t❤❡ ♠❡t❤♦❞✱ s❤♦✇❡❞ t❤❡ ❞✐✣❝✉❧t② ♦❢ s❡♣❛r❛t✐♥❣ ♠❡t❤♦❞♦❧♦❣✐❝❛❧ ❢❡❡❞❜❛❝❦ ♦♥
   t❤❡ ❊s❝❛♣❡ ❘♦♦♠ ❢r♦♠ st❛t❡♠❡♥ts ❛❜♦✉t t❤❡ ❊s❝❛♣❡ ❘♦♦♠✬s t♦♣✐❝ ♦❢ ❦♥♦✇❧✲
   ❡❞❣❡ ♠❛♥❛❣❡♠❡♥t✳ ❚❤❡s❡ st❛t❡♠❡♥ts ✇❡r❡ ✐♥❞✉❝❡❞ ✐♥ t❤❡ ❝♦♥t❡①t ♦❢ t❤❡ s❡❝♦♥❞
   ❣♦❛❧✱ ✇❤✐❝❤ ✇❛s ❢♦r ❜♦t❤ t❤❡ ♣❛rt✐❝✐♣❛♥ts ❛♥❞ t❤❡ ♣r♦❥❡❝t ❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r
   ❙▼❊s t♦  ❧❡❛r♥ ❛❜♦✉t t❤❡ ❝✉rr❡♥t ❞✐✣❝✉❧t✐❡s ✐♥ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ❛♥❞ t❤❡ st❛t✉s
   q✉♦ ✐♥ t❤❡ ❝♦♠♣❛♥② ❡♥❝♦✉r❛❣✐♥❣ t❤❡ ♣❛rt✐❝✐♣❛♥ts t♦ t❛❧❦ ♦♣❡♥❧② ❛♥❞ ❢r❡❡❧②
                           ❜②
   ❛❜♦✉t t❤❡ ❡①♣❡r✐❡♥❝❡s t❤❡② ❛r❡ ❢❛❝✐♥❣ ✐♥ t❤❡✐r ❡✈❡r②❞❛② ✇♦r❦✐♥❣ ❧✐❢❡   ✳ ❚♦ t❤✐s ❡♥❞✱
   t❤❡ ❝❧♦s❡ ❝♦♥♥❡❝t✐♦♥ ❜❡t✇❡❡♥ t❤❡ ♠❡t❤♦❞ ❛♥❞ t❤❡ ✭❢❛♠✐❧✐❛r✮ t♦♣✐❝ ♦❢ ❦♥♦✇❧❡❞❣❡
   ♠❛♥❛❣❡♠❡♥t ♣r❡s❡♥ts ❛ ✈❛❧✉❛❜❧❡ ♦♣♣♦rt✉♥✐t② t♦ ❞✐s❝✉ss ✐♥❝♦♥✈❡♥✐❡♥t ✐ss✉❡s✳ ■♥
   t❤✐s ✈❡✐♥✱ ♥♦t ♦♥❧② ♦❜❥❡❝t✐✈❡ ❛s♣❡❝ts ✇❡r❡ ♠❡♥t✐♦♥❡❞✱ s✉❝❤ ❛s t❤❡ ❛♣♣❧✐❝❛❜✐❧✐t②
   ♦❢ t❤❡ s❝❡♥❛r✐♦ t♦ ✈❛r✐♦✉s ❞❡♣❛rt♠❡♥ts✱ q✉❡st✐♦♥s ♦❢ ❞♦❝✉♠❡♥t❛t✐♦♥ t♦♦❧s ❛♥❞
   ✇❛②s ♦❢ ♣❡rs♦♥❛❧ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r✳ ❘❛t❤❡r✱ t❤❡s❡ ❛s♣❡❝ts s❡r✈❡❞ ❛s ❛ st❛rt✐♥❣
   ♣♦✐♥t ❢♦r t❤❡ ♣♦ss✐❜✐❧✐t② ♦❢ ❡①♣r❡ss✐♥❣ ❝r✐t✐❝❛❧ ✐ss✉❡s ❧✐❦❡ t❤❡ ❢❛♠✐❧✐❛r s✐t✉❛t✐♦♥ ♦❢
   t❤❡ ❛❜s❡♥❝❡ ♦❢ ❛ ❝♦❧❧❡❛❣✉❡ ❛s ✇❡❧❧ ❛s ♣♦ss✐❜❧❡ s♦❧✉t✐♦♥s✱ ❢♦r ❡①❛♠♣❧❡ ❜② ♦✣❝✐❛❧
   ❛rr❛♥❣❡♠❡♥ts ♦r ✉♥♦✣❝✐❛❧ ♣r❛❝t✐❝❡s✳



   ✺✳✸     ❘❡s✉❧ts ♦❢ t❤❡ ◗✉❡st✐♦♥s ❛❜♦✉t ❑♥♦✇❧❡❞❣❡ ❚r❛♥s❢❡r

   ✏❉♦ ②♦✉ ❦♥♦✇ ✇❤❡r❡ ✐♥ ②♦✉r ❝♦♠♣❛♥② ✇❤✐❝❤ ❦♥♦✇❧❡❞❣❡ ✐s ❛✈❛✐❧❛❜❧❡ ♦r ✇❤♦ ②♦✉
   ❝❛♥ ❛s❦ ❛❜♦✉t ❛ ❝❡rt❛✐♥ t♦♣✐❝❄✑ ❚❤✐s q✉❡st✐♦♥ s❡r✈❡s ❛s t❤❡ ♠❛✐♥ ♠♦t✐✈❛t✐♦♥ ❢♦r




                                               391                                   CERC 2020
                                                                                           Business and Society

                                                             ◆❡❡❞s ❆♥❛❧②s✐s ✈✐❛ ❛♥ ❊s❝❛♣❡ ❘♦♦♠        ✶✶




   t❤❡ ♠♦❞✉❧❡ ♦♥ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ✐♥ t❤❡ ✇♦r❦s❤♦♣s ❞✉r✐♥❣ t❤❡ ♣r❛❝t✐❝❛❧ t❛st❡r
   ❞❛②s✳

        ■♥ ❛♥ ✐♥t❡r❛❝t✐✈❡ s❡ss✐♦♥✱ t❤❡ s②st❡♠s r❡❧❡✈❛♥t t♦ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ❛r❡
   ✐❞❡♥t✐✜❡❞ ❢♦r t❤❡ ♣✉r♣♦s❡ ♦❢ ♥❡❡❞s ❛♥❛❧②s✐s✳ ❇❛s❡❞ ♦♥ t❤✐s ❧✐st✱ ❢✉rt❤❡r ❛❝t✐♦♥
   ♠✐❣❤t ❜❡ ✐❞❡♥t✐✜❡❞✳ ❚❤❡ ❛✐♠ ♦❢ t❤❡ ❣r♦✉♣ ❡①♣❡r✐❡♥❝❡ ✐♥ t❤❡ ♣r❡❝❡❞✐♥❣ ❊s❝❛♣❡
   ❘♦♦♠ ❙❡ss✐♦♥ ✐s✱ ❛♠♦♥❣ ♦t❤❡r t❤✐♥❣s✱ t♦ ✐♥❝r❡❛s❡ t❤❡ t❤❡ ❛❜✐❧✐t② t♦ ❝r✐t✐❝✐③❡ ❛♥❞
   r❡✢❡❝t✳ ❚❤❡ ♣❛rt✐❝✐♣❛♥ts ✉s✉❛❧❧② r❡s♣♦♥❞ ✈❡r② ♦♣❡♥❧② t♦ q✉❡st✐♦♥s r❡❣❛r❞✐♥❣ t❤❡
   ❝✉rr❡♥t s✐t✉❛t✐♦♥ ✐♥ t❤❡ ❝♦♠♣❛♥②✳ ❚❤✐s ❧❡❛❞s t♦ r❡s✉❧ts✱ s✉❝❤ ❛s t❤❡ ❛♥s✇❡rs
   s❤♦✇♥ ✐♥ ✜❣✳ ✸✳

        ■♥ t❤❡ ❝♦✉rs❡ ♦❢ t❤❡ ♣r♦❥❡❝t s❡✈❡r❛❧ s✉r✈❡②s ❤❛✈❡ ❜❡❡♥ ❝♦♥❞✉❝t❡❞ ♦♥ t❤❡ t♦♣✐❝
   ♦❢ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ✐♥ ❞✐✛❡r❡♥t ❝♦♠♣❛♥✐❡s✳ ❋✐❣✉r❡ ✸ s❤♦✇s t❤❡ ❛♥s✇❡r
   t♦ t❤❡ q✉❡st✐♦♥ ✏❍♦✇ ♠✉❝❤ t✐♠❡ ❞♦ ②♦✉ s♣❡♥❞ s❡❛r❝❤✐♥❣ ❢♦r ✐♥❢♦r♠❛t✐♦♥ ✐♥
   ②♦✉r ❞❛✐❧② ✇♦r❦❄✑ ❣✐✈❡♥ ✐♥ t❤❡ ♣❛rt✐❝✐♣❛t✐♥❣ t✇♦ ♣✐❧♦t ❙▼❊s ❛♥❞ t❤r❡❡ ♦♥❧✐♥❡
   s❡♠✐♥❛rs ❛❜♦✉t ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r✳ ❆s ❛ r❡s✉❧t✱ t❤❡r❡ ✐s ❛ ❝♦♥s✐❞❡r❛❜❧❡ ♣♦t❡♥t✐❛❧
   ❢♦r ✐♠♣r♦✈❡♠❡♥t ♦❢ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t✱ ✇❤✐❝❤ ❝♦✉❧❞ ❧❡❛❞ t♦ s✐❣♥✐✜❝❛♥t t✐♠❡
   s❛✈✐♥❣ ✐♥ ♣r❛❝t✐❝❡✳




   How much time do you spend searching for information in your daily work ?

    Answer                                  %

    5 minutes                               3.7                                             22.2%


    10 minutes                              22.2                       44.4%


    30 minutes                              29.6

    more than 60 minutes                    44.4
                                                                                        29.6%

   Survey results over the years 2019 and 2020.
   n = 81 (Collected in Project Education 4.0 for SMEs
   needs analysis sessions and online seminars)



                                                  ❋✐❣✳ ✸✳   ❙✉r✈❡② ❘❡s✉❧ts✳




        ❆ s✐♠✐❧❛r ❝♦♥❝❧✉s✐♦♥ ✇❛s r❡❛❝❤❡❞ ✐♥ ❛ s✉r✈❡② ♦❢ ♠♦r❡ t❤❛♥ ✶✻✵✵ ♦✣❝❡ ✇♦r❦❡rs✱
   ✇❤✐❝❤ ❢♦✉♥❞ t❤❛t ✷✺ ✪ ♦❢ r❡s♣♦♥❞❡♥ts s♣❡♥t ✉♣ t♦ ✻✵ ♠✐♥✉t❡s ♣❡r ✇♦r❦✐♥❣ ❞❛②
   s❡❛r❝❤✐♥❣ ❢♦r ❦♥♦✇❧❡❞❣❡ ❬✷✶❪✳ ❚❤❡ ♥❡❡❞s ❛♥❛❧②s✐s s❤♦✇❡❞ t❤❛t ❝♦♠♣❛♥✐❡s ✉s✉❛❧❧②
   ❤❛✈❡ s❡✈❡r❛❧ ■❚ s②st❡♠s ✐♥ ♣❧❛❝❡ t❤❛t ❝❛♥ s❡r✈❡ ❛s t❤❡ ❜❛s✐s ❢♦r ❛ ❦♥♦✇❧❡❞❣❡ ♠❛♥✲
   ❛❣❡♠❡♥t ✐♥✐t✐❛t✐✈❡✳ ❚♦ t❤❡ ❛❜♦✈❡✲♠❡♥t✐♦♥❡❞ q✉❡st✐♦♥ ✇❤❡t❤❡r t❤❡ ♣❛rt✐❝✐♣❛♥ts
   ❦♥♦✇ ✇❤❡r❡ t♦ ✜♥❞ ✐♥❢♦r♠❛t✐♦♥ ♦♥ ❛ t♦♣✐❝ ♦r ✇❤♦ t♦ ❛s❦✱ ♠♦st r❡s♣♦♥❞❡♥ts ❛♥✲
   s✇❡r❡❞ t❤❛t t❤❡② r♦✉❣❤❧② ❦♥♦✇ t❤✐s✱ ❜✉t t❤❛t t❤❡r❡ ✐s st✐❧❧ ❛ ❝♦♥s✐❞❡r❛❜❧❡ ❛♠♦✉♥t
   ♦❢ ✇♦r❦ t♦ ❜❡ ❞♦♥❡ t♦ ✜♥❞ ❝♦♥❝r❡t❡ s♦❧✉t✐♦♥s✳ P❛rt✐❝✐♣❛♥ts ✇♦✉❧❞ ❧✐❦❡ t♦ ❤❛✈❡ ❛
   s✐♠♣❧❡ ❛♥❞ ❝❡♥tr❛❧ ♠❡❛♥s ♦❢ ❛❝❝❡ss t♦ r❡❧❡✈❛♥t ✐♥❢♦r♠❛t✐♦♥✱ ✇❤✐❝❤ r❡❞✉❝❡s t❤❡
   ❛❜♦✈❡ ♠❡♥t✐♦♥❡❞ s❡❛r❝❤ ❡✛♦rt✳




CERC 2020                                                     392
Business and Society

   ✶✷         Pr♦ ❥❡❝t ❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r ❙▼❊s




   ✺✳✹     ▲❡ss♦♥s ▲❡❛r♥❡❞

   ❉✉❡ t♦ t✐❣❤t ❝♦♥str❛✐♥ts ♦♥ t❤❡ ❞✉r❛t✐♦♥ ♦❢ t❤❡ ❢❡❡❞❜❛❝❦ s❡ss✐♦♥✱ s♦♠❡ ❛♥s✇❡rs
   st❛②❡❞ r❡❧❛t✐✈❡❧② s✉♣❡r✜❝✐❛❧✳ ●✐✈✐♥❣ t❤❡ ♣❛rt✐❝✐♣❛♥ts ♠♦r❡ t✐♠❡ ✭❡✳❣✳ ❛❜♦✉t ✸✵
   ♠✐♥✉t❡s ✐♥st❡❛❞ ♦❢ ✶✺✲✷✵ ♠✐♥✉t❡s✮ t♦ r❡✢❡❝t ♦♥ t❤❡ t♦♣✐❝ ♦❢ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r
   ✐♥ t❤❡✐r ❝♦♠♣❛♥② ♠✐❣❤t ❧❡❛❞ t♦ ♠♦r❡ ♣r♦❢♦✉♥❞ r❡s✉❧ts✳ ❍♦✇❡✈❡r✱ t❤❡ r❡s♣♦♥s❡s
   r❡❝❡✐✈❡❞ ✐♥ t❤✐s s❤♦rt ♣❡r✐♦❞ ✇❡r❡ ❛❧r❡❛❞② ♣r♦♠✐s✐♥❣ ❛♥❞ s❤♦✉❧❞ ❜❡ ❡①❛♠✐♥❡❞
   ❢✉rt❤❡r ✐♥ ❢✉t✉r❡ st✉❞✐❡s✳ ❆ ❜❛s✐s ❢♦r t❤✐s ❛ss✉♠♣t✐♦♥ ✐s t❤❡ r❡❧❛①❡❞ ❛♥❞ ♣♦s✐✲
   t✐✈❡ ❛t♠♦s♣❤❡r❡ t❤❛t ✇❛s ✐♥❞❡❡❞ ✐♥❞✉❝❡❞ ❜② t❤❡ ♠❡t❤♦❞✱ ✇❤✐❝❤✱ ❤♦✇❡✈❡r✱ ✐s ❛❧s♦
   ❝❧♦s❡❧② ❧✐♥❦❡❞ t♦ t❤❡ ❝♦r♣♦r❛t❡ ❝✉❧t✉r❡✳ ■♥ t❤❡ ❢❡❡❞❜❛❝❦ s❡ss✐♦♥✱ ❜❛♥t❡r ♦♥ t❤❡
   ●❛♠❡♠❛st❡r❵s ✏♠❡❛♥✑ r✐❞❞❧❡s ❛♥❞ t❤❡ ❛❞♠✐ss✐♦♥ t❤❛t ❛ ❝❡rt❛✐♥ r✐❞❞❧❡ ✇❛s ✏r❡✲
   ❛❧❧② ❛♥♥♦②✐♥❣✑✱ ❛s ✇❡❧❧ ❛s ✈❛r✐♦✉s s❡ss✐♦♥s ♦❢ ❧❛✉❣❤t❡r s❤♦✇❡❞ t❤❛t t❤❡ ♣❧❛♥♥❡❞
   ❛✛❡❝t✐✈❡ st❛t❡ ♦❢ t❤❡ ♣❛rt✐❝✐♣❛♥ts ❝♦✉❧❞ ❜❡ ❛❝❤✐❡✈❡❞✳ ❚❤❡r❡❢♦r❡✱ ♣❛rt✐❝✐♣❛t♦r②
   ♦❜s❡r✈❛t✐♦♥ ✐s ❤✐❣❤❧② r❡❝♦♠♠❡♥❞❡❞ ❢♦r ❢✉rt❤❡r st✉❞✐❡s ✐♥ ♦r❞❡r t♦ ✜♥❞ ♦✉t ♠♦r❡
   ❞❡t❛✐❧s✳
         ■♥ ❛❞❞✐t✐♦♥ t♦ t❤❡ ❡①♣❡r✐❡♥❝❡ ❣❛✐♥❡❞ ❢♦r ❢✉rt❤❡r ❞❛t❛ ❝♦❧❧❡❝t✐♦♥✱ ❝❡rt❛✐♥ ♣♦✐♥ts
   ❝❛♥ ❛❧s♦ ❜❡ ♥♦t❡❞ ❢♦r t❤❡ ❞❡s✐❣♥ ♦❢ t❤❡ ❊s❝❛♣❡ ❘♦♦♠ ✐ts❡❧❢✳ ❖♥❡ ♦♣♣♦rt✉♥✐t② ❢♦r
   ✐♠♣r♦✈❡♠❡♥t ✐s t❤❡ ❝❧✉❡ s②st❡♠✱ ✐♥ ✇❤✐❝❤ ❛ s♠❛rt♣❤♦♥❡ ✇❛s ✉s❡❞ t♦ ❝♦♠♠✉♥✐❝❛t❡
   ✇✐t❤ t❤❡ ♣❛rt✐❝✐♣❛♥ts✳ ❊✈❡♥ t❤♦✉❣❤ ♥♦ ♣r♦❜❧❡♠s ❤❛✈❡ ❜❡❡♥ ❡♥❝♦✉♥t❡r❡❞ s♦ ❢❛r✱
   t❤❡ ❞❡♣❡♥❞❡♥❝② ♦♥ t❤❡ r❡❝❡♣t✐♦♥ ❧❡✈❡❧ ♦♥ s✐t❡ ✭❡s♣❡❝✐❛❧❧② ✐♥❞♦♦rs✮ ♠✐❣❤t ❝❛✉s❡
   tr♦✉❜❧❡ ✐♥ ❢✉t✉r❡ s❡ss✐♦♥s✳ ❚❤✐s ♠✐❣❤t ❜❡ ❛✈♦✐❞❡❞ ❜② ❛❞❞✐♥❣ ❛♥♦t❤❡r ✇❛② ♦❢
   ❝♦♠♠✉♥✐❝❛t✐♦♥✱ ❡✳❣✳ ✉s✐♥❣ t❤❡ ❧♦❝❛❧ ❝♦♠♣❛♥② ♥❡t✇♦r❦ ♦r ♦t❤❡r ✐♥t❡r♥❡t s♦✉r❝❡s✳ ❆
   ♣♦ss✐❜❧❡ ❢✉rt❤❡r ❞❡✈❡❧♦♣♠❡♥t ❡♠❡r❣❡❞ ❢r♦♠ t❤❡ ❢❛❝t t❤❛t ❝♦♠♠✉♥✐❝❛t✐♦♥ ❝❛♥ ❜❡
   ❞♦♥❡ r❡♠♦t❡❧② ✉s✐♥❣ ❝♦♠♠♦♥ ♠❡ss❡♥❣❡rs ♦r ✈✐❞❡♦ ❝♦♥❢❡r❡♥❝❡ t♦♦❧s✱ t❤✉s s❤✐❢t✐♥❣
   t❤❡ ✇❤♦❧❡ ❊s❝❛♣❡ ❘♦♦♠ t♦ ❛♥ ♦♥❧✐♥❡ s♦❧✉t✐♦♥✳ ❙✉❝❤ ❛ ❞✐❣✐t❛❧ ❊s❝❛♣❡ ❘♦♦♠ ❝♦✉❧❞
   ❜❡ ✐♥t❡❣r❛t❡❞ ❜❡tt❡r ✐♥t♦ t❤❡ ❞❛✐❧② ✇♦r❦ r♦✉t✐♥❡✱ ❢♦r ❡①❛♠♣❧❡ ❜② ❞❡❝♦✉♣❧✐♥❣ ✐t
   ❢r♦♠ t❤❡ ♦t❤❡r ✇♦r❦s❤♦♣s✱ t❤✉s r❡q✉✐r✐♥❣ ❧❡ss t✐♠❡✳



   ✻      ❈♦♥❝❧✉s✐♦♥ ❛♥❞ ❋✉rt❤❡r ❲♦r❦
   ■♥ ❝♦♥❝❧✉s✐♦♥✱ t❤❡ ❝♦❧❧❡❝t❡❞ ❞❛t❛ ✐♥❞✐❝❛t❡ t❤❛t t❤❡ ✭♠❡t❤♦❞✮ ❊s❝❛♣❡ ❘♦♦♠ ❤❛s
   ❝❡rt❛✐♥❧② s♦♠❡ ❥✉st✐✜❝❛t✐♦♥ t♦ ❜❡ ✉s❡❞ ❛s ❛ t♦♦❧ ✐♥ t❤❡ ❜✉s✐♥❡ss s❡tt✐♥❣ t♦ ❛♥❛❧②③❡
   t❤❡ ♥❡❡❞s ♦❢ ✐♥✲❝♦♠♣❛♥② ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r ♠❛♥❛❣❡♠❡♥t✳ ❚❤✐s ♣❛♣❡r ❞♦❡s ♥♦t
   ❛❧❧♦✇ ❢♦r ❛ ❝❧❡❛r st❛t❡♠❡♥t r❡❣❛r❞✐♥❣ t❤❡ ❡♠♦t✐♦♥❛❧❧② ✐♥❞✉❝✐♥❣ ✐♠♣❛❝t t❤❡ ❊s❝❛♣❡
   ❘♦♦♠ ♠✐❣❤t ❤❛✈❡ ❤❛❞ ♦♥ ✐ts ♣❛rt✐❝✐♣❛♥ts✳ ❆❝❝♦r❞✐♥❣❧②✱ ✐t ❝❛♥♥♦t ❜❡ r✉❧❡❞ ♦✉t
   ❡♥t✐r❡❧② t❤❛t t❤❡ ❝♦❧❧❡❝t❡❞ ❞❛t❛ ❢r♦♠ t❤❡ ❡♥s✉✐♥❣ ❢❡❡❞❜❛❝❦ ❝♦♥✈❡rs❛t✐♦♥ ✇♦✉❧❞
   ❤❛✈❡ ❜❡❡♥ ❣❡♥❡r❛t❡❞ ♦♥❧② ♦♥ t❤❡ ❜❛s✐s ♦❢ t❤❡ ♣r❡❝❡❞✐♥❣ ❊s❝❛♣❡ ❘♦♦♠✳ ❋✉t✉r❡
   r❡s❡❛r❝❤ ❝♦✉❧❞ t❤❡r❡❢♦r❡ ❢♦❝✉s ♦♥ t❤❡ ✐♥t❡r✐♠ ✐♥q✉✐r② ♦r r❡tr♦s♣❡❝t✐✈❡ ❥✉❞❣♠❡♥t
   ♦❢ ♣❛rt✐❝✐♣❛♥ts✬ ❛✛❡❝t✐✈❡ st❛t❡s✱ ✐♥ ♦r❞❡r t♦ ❡①❛♠✐♥❡ ❛♥❞ ✉♥❞❡rst❛♥❞ t❤❡ ❡✛❡❝✲
   t✐✈❡♥❡ss ♦❢ t❤❡s❡ st❛t❡s ♠♦r❡ ❝❧♦s❡❧②✳ ■♥ ❛❞❞✐t✐♦♥✱ t❤❡ ❞❛t❛ ❝♦❧❧❡❝t❡❞ s♦ ❢❛r ❝♦✉❧❞
   ❜❡ ❢✉rt❤❡r ❞❡❡♣❡♥❡❞ ✇✐t❤✐♥ t❤❡ ♣r♦❥❡❝t✳ ❋♦r ❡①❛♠♣❧❡✱ ❣r♦✉♣ ❞✐s❝✉ss✐♦♥s ♦r ✐♥❞✐✲
   ✈✐❞✉❛❧ ✐♥t❡r✈✐❡✇s ✇✐t❤ r❡♣r❡s❡♥t❛t✐✈❡s ♦❢ t❤❡ ✇♦r❦❢♦r❝❡ ❝♦✉❧❞ ❜❡ ❝♦♥s✐❞❡r❡❞ ✐♥
   ♦r❞❡r t♦ ❣✐✈❡ ❛❧❧ ♣❛rt✐❝✐♣❛♥ts ✕ t❤❡ ♣r♦❥❡❝t ❛♥❞ t❤❡ ♣❛rt✐❝✐♣❛t✐♥❣ ❙▼❊s ✕ t❤❡
   ♦♣♣♦rt✉♥✐t② t♦ ❣❛✐♥ ❛ ❞❡❡♣❡r ✐♥s✐❣❤t ✐♥t♦ t❤❡ t♦♣✐❝ ❛♥❞ ❡s♣❡❝✐❛❧❧② t❤❡ ♣r♦❜❧❡♠s
   ♦❢ ❦♥♦✇❧❡❞❣❡ tr❛♥s❢❡r✳ ❋✐♥❛❧❧②✱ t❤❡ ❊s❝❛♣❡ ❘♦♦♠ ♠❡t❤♦❞ ♦✛❡rs ✈❛r✐♦✉s ♣♦t❡♥t✐❛❧
   ✜❡❧❞s ♦❢ ❛♣♣❧✐❝❛t✐♦♥ s✉❝❤ ❛s ❍✉♠❛♥ ❘❡s♦✉r❝❡s ❉❡✈❡❧♦♣♠❡♥t✳ ❲♦r❦✐♥❣ ♦♥ t❤❡




                                                393                                  CERC 2020
                                                                              Business and Society

                                            ◆❡❡❞s ❆♥❛❧②s✐s ✈✐❛ ❛♥ ❊s❝❛♣❡ ❘♦♦♠            ✶✸

   r✐❞❞❧❡s t♦❣❡t❤❡r ❝❛♥ ♣r♦✈✐❞❡ ✐♥s✐❣❤t ✐♥t♦ t❤❡ t❡❛♠ ❞②♥❛♠✐❝s✱ ❡s♣❡❝✐❛❧❧② ✐❢ t❤❡
   s♦❧✉t✐♦♥ ✐s ♥♦t ♦❜✈✐♦✉s ❛♥❞ ✈❛r✐♦✉s ❤✉r❞❧❡s ❤❛✈❡ t♦ ❜❡ ♦✈❡r❝♦♠❡✳



   ❆❝❦♥♦✇❧❡❞❣❡♠❡♥ts
   ❚❤❡ Pr♦❥❡❝t ✏❇✐❧❞✉♥❣ ✹✳✵ ❢ür ❑▼❯✑ ✭✏❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r s♠❛❧❧ ❛♥❞ ♠❡❞✐✉♠✲s✐③❡❞
   ♠❛♥✉❢❛❝t✉r✐♥❣ ❡♥t❡r♣r✐s❡s✑✱ ●r❛♥t ♥✉♠❜❡r ✵✶P❆✶✼✵✶✹✮ ✐s ❢✉♥❞❡❞ ❜② t❤❡ ●❡r♠❛♥
   ❋❡❞❡r❛❧ ▼✐♥✐str② ♦❢ ❊❞✉❝❛t✐♦♥ ❛♥❞ ❘❡s❡❛r❝❤ ❛♥❞ t❤❡ ❊✉r♦♣❡❛♥ ❙♦❝✐❛❧ ❋✉♥❞ ❢♦r
   ●❡r♠❛♥② ✇✐t❤✐♥ t❤❡ ✏❉✐❣✐t❛❧ ▼❡❞✐❛ ✐♥ ❱♦❝❛t✐♦♥❛❧ ❚r❛✐♥✐♥❣✑ ♣r♦❣r❛♠✳



   ❘❡❢❡r❡♥❝❡s
    ✶✳ ❆❜❡❧❡✱ ❊✳✱ ❑✉❤♥✱ ❙✳▼✳✱ ▲✐❡❜❡❝❦✱ ❚✳✿ ❲✐ss❡♥s♠❛♥❛❣❡♠❡♥t ✉♥❞ ❦♠✉✳ ❩❲❋
       ❩❡✐ts❝❤r✐❢t ❢ür ✇✐rts❝❤❛❢t❧✐❝❤❡♥ ❋❛❜r✐❦❜❡tr✐❡❜ ✾✽✭✼✲✽✮✱ ✸✼✺✕✸✼✾ ✭✷✵✵✸✮
    ✷✳ ❆❜t✱ ❈✳❈✳✿ ❊r♥st❡ ❙♣✐❡❧❡✿ ❧❡r♥❡♥ ❞✉r❝❤ ❣❡s♣✐❡❧t❡ ❲✐r❦❧✐❝❤❦❡✐t✳ ❑✐❡♣❡♥❤❡✉❡r ✫
       ❲✐ts❝❤ ✭✶✾✼✶✮
    ✸✳ ❆❜t✱ ❈✳❈✳✿ ❙❡r✐♦✉s ❣❛♠❡s✳ ❯♥✐✈❡rs✐t② ♣r❡ss ♦❢ ❆♠❡r✐❝❛ ✭✶✾✽✼✮
    ✹✳ ❇❛❦❤s❤❡s❤✐✱ ❋✳❋✳✿ ❙❡r✐♦✉s ❣❛♠❡s ❛♥❞ s❡r✐♦✉s ❣❛♠✐♥❣ ✐♥ ❡s❝❛♣❡ r♦♦♠s✳ ■♥✿ ✷✵✶✾
       ■♥t❡r♥❛t✐♦♥❛❧ ❙❡r✐♦✉s ●❛♠❡s ❙②♠♣♦s✐✉♠ ✭■❙●❙✮✳ ♣♣✳ ✹✷✕✹✼✳ ■❊❊❊ ✭✷✵✶✾✮
    ✺✳ ❇❡❝❦❡r✱ ▼✳✿ P❡rs♦♥❛❧❡♥t✇✐❝❦❧✉♥❣✿ ❇✐❧❞✉♥❣✱ ❋ör❞❡r✉♥❣ ✉♥❞ ❖r❣❛♥✐s❛t✐♦♥s❡♥t✇✐❝❦✲
       ❧✉♥❣ ✐♥ ❚❤❡♦r✐❡ ✉♥❞ Pr❛①✐s✳ ❙❝❤ä✛❡r✲P♦❡s❝❤❡❧✱ ❙t✉tt❣❛rt ✭✷✵✶✸✮
    ✻✳ ❇✐r❦❡♥❜✉s❝❤✱ ❏✳✱ ❈❤r✐st✱ ❖✳✿ ❈♦♥❝❡♣ts ❜❡❤✐♥❞ s❡r✐♦✉s ❣❛♠❡s ❛♥❞ ❝♦♠♣✉t❡r✲❜❛s❡❞
       tr❛✐♥✐♥❣s ✐♥ ❤❡❛❧t❤ ❝❛r❡✿ ✐♠♠❡rs✐♦♥✱ ♣r❡s❡♥❝❡✱ ✢♦✇✳ ■♥✿ ❙❡r✐♦✉s ❣❛♠❡s ❛♥❞ ✈✐rt✉❛❧
       ✇♦r❧❞s ✐♥ ❡❞✉❝❛t✐♦♥✱ ♣r♦❢❡ss✐♦♥❛❧ ❞❡✈❡❧♦♣♠❡♥t✱ ❛♥❞ ❤❡❛❧t❤❝❛r❡✱ ♣♣✳ ✶✕✶✹✳ ■●■ ●❧♦❜❛❧
       ✭✷✵✶✸✮
    ✼✳ ❇♦rr❡❣♦✱ ❈✳✱ ❋❡r♥á♥❞❡③✱ ❈✳✱ ❇❧❛♥❡s✱ ■✳✱ ❘♦❜❧❡s✱ ❙✳✿ ❘♦♦♠ ❡s❝❛♣❡ ❛t ❝❧❛ss✿ ❊s❝❛♣❡
       ❣❛♠❡s ❛❝t✐✈✐t✐❡s t♦ ❢❛❝✐❧✐t❛t❡ t❤❡ ♠♦t✐✈❛t✐♦♥ ❛♥❞ ❧❡❛r♥✐♥❣ ✐♥ ❝♦♠♣✉t❡r s❝✐❡♥❝❡✳
       ❏❖❚❙❊ ✼✭✷✮✱ ✶✻✷✕✶✼✶ ✭✷✵✶✼✮
    ✽✳ ❈❧❛r❦❡✱ ❙✳❏✳✱ P❡❡❧✱ ❉✳❏✳✱ ❆r♥❛❜✱ ❙✳✱ ▼♦r✐♥✐✱ ▲✳✱ ❑❡❡❣❛♥✱ ❍✳✱ ❲♦♦❞✱ ❖✳✿ ❊s✲
       ❝❛♣❊❉✿ ❆ ❋r❛♠❡✇♦r❦ ❢♦r ❈r❡❛t✐♥❣ ❊❞✉❝❛t✐♦♥❛❧ ❊s❝❛♣❡ ❘♦♦♠s ❛♥❞ ■♥t❡r❛❝t✐✈❡
       ●❛♠❡s t♦ ❋♦r ❍✐❣❤❡r✴❋✉rt❤❡r ❊❞✉❝❛t✐♦♥✳ ■♥t✳ ❏✳ ❙❡r✐♦✉s ●❛♠❡s ✹✭✸✮ ✭✷✵✶✼✮✳
       ❤tt♣s✿✴✴❞♦✐✳♦r❣✴✶✵✳✶✼✵✽✸✴✐❥s❣✳✈✹✐✸✳✶✽✵✱ ❤tt♣✿✴✴❥♦✉r♥❛❧✳s❡r✐♦✉s❣❛♠❡ss♦❝✐❡t②✳
       ♦r❣✴✐♥❞❡①✳♣❤♣✴■❏❙●✴❛rt✐❝❧❡✴✈✐❡✇✴✶✽✵
    ✾✳ ❈♦r❦✐❧❧✱ ❊✳✿ ❘❡❛❧ ❡s❝❛♣❡ ❣❛♠❡ ❜r✐♥❣s ✐ts ❝r❡❛t♦r✬s ✇♦♥❞❡r♠❡♥t t♦ ❧✐❢❡✳ P♦③②s❦❛♥♦
       ③ ❤tt♣✿✴✴✇✇✇✳ ❥❛♣❛♥t✐♠❡s✳ ❝♦✳ ❥♣✴❧✐❢❡✴✷✵✵✾✴✶✷✴✷✵✴t♦✲❜❡✲s♦rt❡❞✴r❡❛❧✲❡s❝❛♣❡❣❛♠❡✲
       ❜r✐♥❣s✲✐ts✲❝r❡❛t♦rs✲✇♦♥❞❡r♠❡♥t✲t♦✲❧✐❢❡✴★✳ ❱✲❇●✻✈❈▲❙❤❞ ✭✷✵✶✻✮
   ✶✵✳ ❉❛✈❡♥♣♦rt✱ ❚✳✱ Pr✉s❛❦✱ ▲✳✿ ❲♦r❦✐♥❣ ❑♥♦✇❧❡❞❣❡✿ ❍♦✇ ❖r❣❛♥✐③❛t✐♦♥s ▼❛♥❛❣❡ ✇❤❛t
       ❚❤❡② ❑♥♦✇✳ ❊❇❙❈❖ ❡❇♦♦❦ ❈♦❧❧❡❝t✐♦♥✱ ❍❛r✈❛r❞ ❇✉s✐♥❡ss ❙❝❤♦♦❧ Pr❡ss ✭✷✵✵✵✮✱
       ❤tt♣s✿✴✴❜♦♦❦s✳❣♦♦❣❧❡✳❞❡✴❜♦♦❦s❄✐❞❂◗■②■❲❱❤❞❨♦❨❈
   ✶✶✳ ❋r❡❞r✐❝❦s♦♥✱ ❇✳▲✳✱ ❇r❛♥✐❣❛♥✱ ❈✳✿ P♦s✐t✐✈❡ ❊♠♦t✐♦♥s ❇r♦❛❞❡♥ ❚❤♦✉❣❤t✲❆❝t✐♦♥
       ❘❡♣❡rt♦✐r❡s✿ ❊✈✐❞❡♥❝❡ ❢♦r t❤❡ ❇r♦❛❞❡♥✲❛♥❞✲❇✉✐❧❞ ▼♦❞❡❧✳ ❈♦❣♥✳ ❊♠♦t✳ ✶✾✭✸✮ ✭✷✵✵✺✮
   ✶✷✳ ●❧❛✈❛s✱ ❆✳✱ ❙t❛s❝✐❦✱ ❆✳✿ ❊♥❤❛♥❝✐♥❣ ♣♦s✐t✐✈❡ ❛tt✐t✉❞❡ t♦✇❛r❞s ♠❛t❤❡♠❛t✐❝s t❤r♦✉❣❤
       ✐♥tr♦❞✉❝✐♥❣ ❡s❝❛♣❡ r♦♦♠ ❣❛♠❡s✳ ▼❛t❤❡♠❛t✐❝s ❡❞✉❝❛t✐♦♥ ❛s ❛ s❝✐❡♥❝❡ ❛♥❞ ❛ ♣r♦❢❡s✲
       s✐♦♥ ♣♣✳ ✷✽✶✕✷✾✸ ✭✷✵✶✼✮
   ✶✸✳ ●♦❧❞✱ ❆✳❍✳✱ ▼❛❧❤♦tr❛✱ ❆✳✱ ❙❡❣❛rs✱ ❆✳❍✳✿ ❑♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t✿ ❆♥ ♦r❣❛♥✐✲
       ③❛t✐♦♥❛❧ ❝❛♣❛❜✐❧✐t✐❡s ♣❡rs♣❡❝t✐✈❡✳ ❏♦✉r♥❛❧ ♦❢ ♠❛♥❛❣❡♠❡♥t ✐♥❢♦r♠❛t✐♦♥ s②st❡♠s
       ✶✽✭✶✮✱ ✶✽✺✕✷✶✹ ✭✷✵✵✶✮✳ ❤tt♣s✿✴✴❞♦✐✳♦r❣✴✶✵✳✶✵✽✵✴✵✼✹✷✶✷✷✷✳✷✵✵✶✳✶✶✵✹✺✻✻✾✱ ❤tt♣s✿
       ✴✴✇✇✇✳t❛♥❞❢♦♥❧✐♥❡✳❝♦♠✴❞♦✐✴❛❜s✴✶✵✳✶✵✽✵✴✵✼✹✷✶✷✷✷✳✷✵✵✶✳✶✶✵✹✺✻✻✾


CERC 2020                                    394
Business and Society

   ✶✹        Pr♦❥❡❝t ❊❞✉❝❛t✐♦♥ ✹✳✵ ❢♦r ❙▼❊s

   ✶✹✳ ●r❛♠ÿ ❉❡♥✐s❡ ❆◆❉ P✐❧❧❛t❤✱ P✳❆✳◆✳❉✳❙✳❈✳✿ ❊s❝❛♣❡ ❘♦♦♠ ✕ ▼✐t❛r❜❡✐t❡♥❞❡ ❢ür
       ❞✐❣✐t❛❧❡s ▲❡r♥❡♥ ❜❡❣❡✐st❡r♥✳ ■♥✿ ❉❛❝❤s❡❧t ❘❛✐♠✉♥❞ ❆◆❉ ❲❡❜❡r✱ ●✳ ✭❡❞✳✮ ▼❡♥✲
       s❝❤ ✉♥❞ ❈♦♠♣✉t✳ ✷✵✶✽ ✲ ❲♦r❦✳ ●❡s❡❧❧s❝❤❛❢t ❢ür ■♥❢♦r♠❛t✐❦ ❡✳❱✳✱ ❇♦♥♥ ✭✷✵✶✽✮✳
       ❤tt♣s✿✴✴❞♦✐✳♦r❣✴✶✵✳✶✽✹✷✵✴♠✉❝✷✵✶✽✲❞❡♠♦✲✵✺✵✼
   ✶✺✳ ●r♦t❤❡✱ ▼✳✱ ▲❛♥❞❡♥❜❡r❣❡r✱ ❍✳✱ ❙❝❤✐❧❞❤❛✉❡r✱ ❚✳✿ ❈♦r♣♦r❛t❡ ❑♥♦✇❧❡❞❣❡✳ ❇✉s✐♥❡ss
       ❱✐❧❧❛❣❡ ●♠❜❍✱ ●♦❡tt✐♥❣❡♥ ✭✷✵✵✸✮
   ✶✻✳ ✈♦♥ ●✉r❡t③❦②✱ ❇✳✿ ❇❛✉st❡✐♥❡ ❢ür ❡✐♥❡ ✐♥♥♦✈❛t✐♦♥s♦r✐❡♥t✐❡rt❡✱ ✇✐ss❡♥s❜❛s✐❡rt❡
       ✉♥t❡r♥❡❤♠❡♥s❦✉❧t✉r ✭✷✵✵✹✮✱ ❤tt♣✿✴✴✇✇✇✳❝♦♠♠✉♥✐t②✲♦❢✲❦♥♦✇❧❡❞❣❡✳❞❡✴❜❡✐tr❛❣✴
       ❜❛✉st❡✐♥❡✲❢✉❡r✲❡✐♥❡✲✐♥♥♦✈❛t✐♦♥s♦r✐❡♥t✐❡rt❡✇✐ss❡♥s❜❛s✐❡rt❡✲✉♥t❡r♥❡❤♠❡♥s❦✉❧t✉r
   ✶✼✳ ❍❡r♠❛♥♥s✱ ▼✳✱ ❉❡❛❧✱ ❇✳✱ ❍✐❧❧❤♦✉s❡✱ ❙✳✱ ❖♣❡❧❧❛✱ ❏✳❇✳✱ ❋❛✐❣❧❡✱ ❈✳✱ ❈❛♠♣❜❡❧❧ ■❱✱ ❘✳❍✳✱
       ❡t ❛❧✳✿ ❯s✐♥❣ ❛♥ ✧❡s❝❛♣❡ r♦♦♠✧ t♦♦❧❜♦① ❛♣♣r♦❛❝❤ t♦ ❡♥❤❛♥❝❡ ♣❤❛r♠❛❝♦❧♦❣② ❡❞✉❝❛✲
       t✐♦♥ ✭✷✵✶✼✮
   ✶✽✳ ❑✐♥✐♦✱ ❆✳❊✳✱ ❉✉❢r❡s♥❡✱ ▲✳✱ ❇r❛♥❞②s✱ ❚✳✱ ❏❡tt②✱ P✳✿ ❇r❡❛❦ ♦✉t ♦❢ t❤❡ ❈❧❛ssr♦♦♠✿ ❚❤❡
       ❯s❡ ♦❢ ❊s❝❛♣❡ ❘♦♦♠s ❛s ❛♥ ❆❧t❡r♥❛t✐✈❡ ❚❡❛❝❤✐♥❣ ❙tr❛t❡❣② ✐♥ ❙✉r❣✐❝❛❧ ❊❞✉❝❛t✐♦♥✳
       ❏✳ ❙✉r❣✳ ❊❞✉❝✳ ✼✻✭✶✮✱ ✶✸✹✕✶✸✾ ✭✷✵✶✾✮✳ ❤tt♣s✿✴✴❞♦✐✳♦r❣✴✶✵✳✶✵✶✻✴❥✳❥s✉r❣✳✷✵✶✽✳✵✻✳✵✸✵✱
       ❤tt♣✿✴✴✇✇✇✳s❝✐❡♥❝❡❞✐r❡❝t✳❝♦♠✴s❝✐❡♥❝❡✴❛rt✐❝❧❡✴♣✐✐✴❙✶✾✸✶✼✷✵✹✶✽✸✵✸✷✽✸
   ✶✾✳ ❑✉❤❧✱ ❏✳✱ ❇❛✉♠❛♥♥✱ ◆✳✿ ❙❡❧❢✲r❡❣✉❧❛t✐♦♥ ❛♥❞ r✉♠✐♥❛t✐♦♥✿ ◆❡❣❛t✐✈❡ ❛✛❡❝t ❛♥❞ ✐♠✲
       ♣❛✐r❡❞ s❡❧❢✲❛❝❝❡ss✐❜✐❧✐t②✳ ❈♦♥tr♦❧ ❍✉♠✳ ❇❡❤❛✈✳ ▼❡♥t✳ Pr♦❝❡ss✳ ❈♦♥s❝✐♦✉s✳ ❊ss❛②s
       ❍♦♥♦r ✻✵t❤ ❇✐rt❤❞✳ ❆✉❣✉st ❋❧❛♠♠❡r ♣♣✳ ✷✽✸✕✸✵✺ ✭✷✵✵✵✮
   ✷✵✳ ❑✉❤❧❡♥✱ ❘✳✿ ❈❤❛♥❣❡ ♦❢ ♣❛r❛❞✐❣♠ ✐♥ ❦♥♦✇❧❡❞❣❡ ♠❛♥❛❣❡♠❡♥t ✲ ❢r❛♠❡✇♦r❦ ❢♦r t❤❡
       ❝♦❧❧❛❜♦r❛t✐✈❡ ♣r♦❞✉❝t✐♦♥ ❛♥❞ ❡①❝❤❛♥❣❡ ♦❢ ❦♥♦✇❧❡❞❣❡✳ ■♥✿ ❑♥♦✇❧✳ ▼❛♥❛❣✳ ✭✷✵✶✶✮✳
       ❤tt♣s✿✴✴❞♦✐✳♦r❣✴✶✵✳✶✺✶✺✴✾✼✽✸✶✶✵✾✺✺✵✼✶✳✷✶
   ✷✶✳ ❑❨❖❈❊❘❆✲❉♦❝✉♠❡♥t✲❙♦❧✉t✐♦♥s✿           ❲✐ss❡♥s♠❛♥❛❣❡♠❡♥t          ♠✐t   ❞♠s✿    ▼✐t
       ❞♠s ✉♥t❡r♥❡❤♠❡♥s✇✐ss❡♥ ❜❡ss❡r ✈❡r❢ü❣❜❛r ♠❛❝❤❡♥ ✭✷✵✶✽✮✱ ❤tt♣s✿
       ✴✴✇✇✇✳❦②♦❝❡r❛❞♦❝✉♠❡♥ts♦❧✉t✐♦♥s✳❞❡✴❞❡✴s♠❛rt❡r✲✇♦r❦s♣❛❝❡s✴♠❡❞✐❛✲❝❡♥t❡r✴
       ❡✲❜♦♦❦s✴❡✲❜♦♦❦✲✇✐ss❡♥s♠❛♥❛❣❡♠❡♥t✲❞♠s✳❤t♠❧
   ✷✷✳ ▲❛♥❡✱ ❆✳▼✳✱ ❲❤②t❡✱ ●✳P✳✱ ❚❡rr②✱ P✳❈✳✱ ◆❡✈✐❧❧✱ ❆✳▼✳✿ ▼♦♦❞✱ s❡❧❢✲s❡t ❣♦❛❧s ❛♥❞ ❡①✲
       ❛♠✐♥❛t✐♦♥ ♣❡r❢♦r♠❛♥❝❡✿ ❚❤❡ ♠♦❞❡r❛t✐♥❣ ❡✛❡❝t ♦❢ ❞❡♣r❡ss❡❞ ♠♦♦❞✳ P❡rs✳ ■♥❞✐✈✐❞✳
       ❉✐❢✳ ✸✾✭✶✮✱ ✶✹✸✕✶✺✸ ✭✷✵✵✺✮
   ✷✸✳ ▲✐♥❞❡✱ ❋✳✿ ❇❛rr✐❡r❡♥ ✉♥❞ ❡r❢♦❧❣s❢❛❦t♦r❡♥ ❞❡s ✇✐ss❡♥s♠❛♥❛❣❡♠❡♥ts✕❡r❣❡❜♥✐ss❡ ❡✐♥❡r
       ♦♥❧✐♥❡❜❡❢r❛❣✉♥❣✳ ❍▼❉ ✷✹✻✱ ✷✵✕✷✽ ✭✷✵✵✺✮
   ✷✹✳ ▲♦❡✇✱ ❘✳✿ ■♥❢♦r♠❛t✐♦♥ ❇r♦❦❡r❛❣❡ ✕ ❆ ♥❡✇ ❆♣♣r♦❛❝❤ ✉s✐♥❣ ❑♥♦✇❧❡❞❣❡ ▼❛♥❛❣❡✲
       ♠❡♥t✳ ❈♦r❦ ■♥st✐t✉t❡ ♦❢ ❚❡❝❤♥♦❧♦❣②✱ ❈♦r❦✱ ■r❡❧❛♥❞ ✭✷✵✵✾✮
   ✷✺✳ ●✉st ✈♦♥ ▲♦❤✱ ❙✳✿ ❲✐ss❡♥s♠❛♥❛❣❡♠❡♥t ✉♥❞ ✐♥❢♦r♠❛t✐♦♥s❜❡❞❛r❢s❛♥❛❧②s❡ ✐♥ ❦❧❡✐♥❡♥
       ✉♥❞ ♠✐tt❧❡r❡♥ ✉♥t❡r♥❡❤♠❡♥✿ ❚❡✐❧ ✷✳ ✇✐ss❡♥s♠❛♥❛❣❡♠❡♥t ✐♥ ❦♠✉✳ ■♥❢♦r♠❛t✐♦♥ ❲✐s✲
       s❡♥s❝❤❛❢t ✉♥❞ Pr❛①✐s ✺✾✭✷✮✱ ✶✷✼✕✶✸✺ ✭✷✵✵✽✮
   ✷✻✳ ▼❛✐❡r✱ ❘✳✿ ❑♥♦✇❧❡❞❣❡ ▼❛♥❛❣❡♠❡♥t ❙②st❡♠s✿ ■♥❢♦r♠❛t✐♦♥ ❛♥❞ ❈♦♠♠✉♥✐❝❛t✐♦♥
       ❚❡❝❤♥♦❧♦❣✐❡s ❢♦r ❑♥♦✇❧❡❞❣❡ ▼❛♥❛❣❡♠❡♥t✳ ❙♣r✐♥❣❡r ❇❡r❧✐♥ ❍❡✐❞❡❧❜❡r❣ ✭✷✵✵✹✮✱
       ❤tt♣s✿✴✴❜♦♦❦s✳❣♦♦❣❧❡✳❞❡✴❜♦♦❦s❄✐❞❂■◗❉✽❏❈①s❊②❊❈
   ✷✼✳ ▼❛rt❡♥s✱ ❚✳✿ ❲❛s ✐st ❛✉s ❞❡♠ ■♥t❡❣r✐❡rt❡♥ ❍❛♥❞❧✉♥❣s♠♦❞❡❧❧ ❣❡✇♦r✲
       ❞❡♥❄ ■♥✿ ❑❡♠♣❢✱ ❲✳✱ ▲❛♥❣❡❤❡✐♥❡✱ ❘✳ ✭❡❞s✳✮ ■t❡♠✲❘❡s♣♦♥s❡✲▼♦❞❡❧❧❡ ✐♥
       ❞❡r s♦③✐❛❧✇✐ss❡♥s❝❤❛❢t❧✐❝❤❡♥ ❋♦rs❝❤✉♥❣✳ ❘❡❣❡♥❡r✱ ❇❡r❧✐♥ ✭✷✵✶✷✮✱ ❤tt♣s✿
       ✴✴✇✇✇✳♣❡❞♦❝s✳❞❡✴✈♦❧❧t❡①t❡✴✷✵✶✻✴✶✷✸✷✼✴♣❞❢✴▼❛rt❡♥s❴✷✵✶✷❴❲❛s❴✐st❴❛✉s❴
       ❞❡♠❴■♥t❡❣r✐❡rt❡♥❴❍❛♥❞❧✉♥❣s♠♦❞❡❧❧❴❣❡✇♦r❞❡♥✳♣❞❢
   ✷✽✳ ▼✐❝❤❛❡❧✱ ❉✳❘✳✱ ❈❤❡♥✱ ❙✳▲✳✿ ❙❡r✐♦✉s ❣❛♠❡s✿ ●❛♠❡s t❤❛t ❡❞✉❝❛t❡✱ tr❛✐♥✱ ❛♥❞ ✐♥❢♦r♠✳
       ▼✉s❦❛ ✫ ▲✐♣♠❛♥✴Pr❡♠✐❡r✲❚r❛❞❡ ✭✷✵✵✺✮
   ✷✾✳ ◆✐❝❤♦❧s♦♥✱ ❙✳✿ ❚❤❡ st❛t❡ ♦❢ ❡s❝❛♣❡✿ ❊s❝❛♣❡ r♦♦♠ ❞❡s✐❣♥ ❛♥❞ ❢❛❝✐❧✐t✐❡s✳ ▼❡❛♥✐♥❣❢✉❧
       P❧❛② ✭✷✵✶✻✮
   ✸✵✳ ◆♦❤r✱ ❍✳✱ ◆❖❍❘✱ ❍✳✿ ❲✐ss❡♥s♠❛♥❛❣❡♠❡♥t ✐♥ st✉tt❣❛rt❡r ✉♥t❡r♥❡❤♠❡♥✕❡r❣❡❜♥✐ss❡
       ❡✐♥❡r ✉♠❢r❛❣❡✴❢❛❝❤❤♦❝❤s❝❤✉❧❡ st✉tt❣❛rt✳ ✷✵✵✵✳ ❆r❜❡✐ts♣❛♣✐❡r❡ ❲✐ss❡♥s♠❛♥❛❣❡♠❡♥t
       ✭✶✵✮ ✭✷✵✵✵✮


                                              395                              CERC 2020
                                                                               Business and Society

                                             ◆❡❡❞s ❆♥❛❧②s✐s ✈✐❛ ❛♥ ❊s❝❛♣❡ ❘♦♦♠            ✶✺

   ✸✶✳ P❡❦r✉♥✱ ❘✳✿ ❆❝❛❞❡♠✐❝ ❡♠♦t✐♦♥s✳ ❍❛♥❞❜✳ ▼♦t✐✈✳ ❙❝❤✳ ✷✱ ✶✷✵✕✶✹✹ ✭✷✵✶✻✮
   ✸✷✳ P❡❦r✉♥✱ ❘✳✱ ❙t❡♣❤❡♥s✱ ❊✳❏✳✿ ❆❝❛❞❡♠✐❝ ❡♠♦t✐♦♥s✳ ■♥✿ ❆P❆ ❊❞✉❝✳ Ps②❝❤♦❧✳ ❤❛♥❞❜♦♦❦✱
       ❱♦❧ ✷ ■♥❞✐✈✐❞✳ ❉✐✛❡r✳ ❈✉❧t✳ ❈♦♥t❡①t✳ ❢❛❝t♦rs✳✱ ♣♣✳ ✸✕✸✶✳ ❆♠❡r✐❝❛♥ Ps②❝❤♦❧♦❣✐❝❛❧
       ❆ss♦❝✐❛t✐♦♥ ✭✷✵✶✷✮
   ✸✸✳ Pr♦❜st✱ ●✳✱ ❘❛✉❜✱ ❙✳✱ ❘♦♠❤❛r❞t✱ ❑✳✿ ▼❛♥❛❣✐♥❣ ❦♥♦✇❧❡❞❣❡✲❇✉✐❧❞✐♥❣ ❜❧♦❝❦s ❢♦r s✉❝✲
       ❝❡ss✳ ❖r❣❛♥✳ ❙t✉❞✳ ●r✳ ❖r❣❛♥✳ ❙t✉❞✳ ✷✷✭✶✮✱ ✶✽✻ ✭✷✵✵✶✮
   ✸✹✳ ❘✐❡❣❡✱ ❆✳✿ ❚❤r❡❡✲❞♦③❡♥ ❦♥♦✇❧❡❞❣❡✲s❤❛r✐♥❣ ❜❛rr✐❡rs ♠❛♥❛❣❡rs ♠✉st ❝♦♥s✐❞❡r ✭✷✵✵✺✮✳
       ❤tt♣s✿✴✴❞♦✐✳♦r❣✴✶✵✳✶✶✵✽✴✶✸✻✼✸✷✼✵✺✶✵✻✵✷✼✹✻
   ✸✺✳ ❘♦♠❡r♦✱ ▼✳✱ ❯s❛rt✱ ▼✳✱ ❖tt✱ ▼✳✱ ❊❛r♣✱ ❏✳✱ ❞❡ ❋r❡✐t❛s✱ ❙✳✱ ❆r♥❛❜✱ ❙✳✿ ▲❡❛r♥✐♥❣
       t❤r♦✉❣❤ ♣❧❛②✐♥❣ ❢♦r ♦r ❛❣❛✐♥st ❡❛❝❤ ♦t❤❡r❄ Pr♦♠♦t✐♥❣ ❝♦❧❧❛❜♦r❛t✐✈❡ ❧❡❛r♥✐♥❣ ✐♥
       ❞✐❣✐t❛❧ ❣❛♠❡ ❜❛s❡❞ ❧❡❛r♥✐♥❣ ✭✷✵✶✷✮
   ✸✻✳ ❙❝❤❛✉❡r✱ ❍✳✱ ❋r❛♥❦✱ ❯✳✿ ▼❡t❤♦❞❡♥ ❞❡s ✇✐ss❡♥s♠❛♥❛❣❡♠❡♥ts✳ ❲✐ss❡♥s♠❛♥❛❣❡♠❡♥t
       ❢ür ❑▼❯ ♣♣✳ ✶✹✼✕✶✻✻ ✭✷✵✵✼✮
   ✸✼✳ ❙❝❤✇❛r③✱ ◆✳✿ ❋❡❡❧✐♥❣s✲❛s✲✐♥❢♦r♠❛t✐♦♥ t❤❡♦r②✳ ❍❛♥❞❜♦♦❦ ♦❢ t❤❡♦r✐❡s ♦❢ s♦❝✐❛❧ ♣s②✲
       ❝❤♦❧♦❣② ✶✱ ✷✽✾✕✸✵✽ ✭✷✵✶✶✮
   ✸✽✳ ❙♦t♦✲❆❝♦st❛✱ P✳✱ P♦♣❛✱ ❙✳✱ ❈♦♥❡s❛✱ ■✳✿ ■♥❢♦r♠❛t✐♦♥ t❡❝❤♥♦❧♦❣②✱ ❦♥♦✇❧❡❞❣❡ ♠❛♥✲
       ❛❣❡♠❡♥t ❛♥❞ ❡♥✈✐r♦♥♠❡♥t❛❧ ❞②♥❛♠✐s♠ ❛s ❞r✐✈❡rs ♦❢ ✐♥♥♦✈❛t✐♦♥ ❛♠❜✐❞❡①t❡r✐t②✿
       ❛ st✉❞② ✐♥ s♠❡s✳ ❏♦✉r♥❛❧ ♦❢ ❑♥♦✇❧❡❞❣❡ ▼❛♥❛❣❡♠❡♥t ♣♣✳ ✽✷✹✕✽✹✾ ✭✵✷ ✷✵✶✽✮✳
       ❤tt♣s✿✴✴❞♦✐✳♦r❣✴✶✵✳✶✶✵✽✴❏❑▼✲✶✵✲✷✵✶✼✲✵✹✹✽
   ✸✾✳ ❚♦♠❛s❡❧❧♦✱ ▼✳✱ ❈❛r♣❡♥t❡r✱ ▼✳✿ ❙❤❛r❡❞ ✐♥t❡♥t✐♦♥❛❧✐t②✳ ❉❡✈✳ ❙❝✐✳ ✶✵✭✶✮✱
       ✶✷✶✕✶✷✺ ✭✷✵✵✼✮✳ ❤tt♣s✿✴✴❞♦✐✳♦r❣✴✶✵✳✶✶✶✶✴❥✳✶✹✻✼✲✼✻✽✼✳✷✵✵✼✳✵✵✺✼✸✳①✱ ❤tt♣s✿
       ✴✴♦♥❧✐♥❡❧✐❜r❛r②✳✇✐❧❡②✳❝♦♠✴❞♦✐✴❛❜s✴✶✵✳✶✶✶✶✴❥✳✶✹✻✼✲✼✻✽✼✳✷✵✵✼✳✵✵✺✼✸✳①
   ✹✵✳ ✈❛♥ ❞❡r ▲✐♥❞❡♥ ❏♦s ❛♥❞ ❊r❦❡♥s✱ ●✳✱ ❍❡♥❦✱ ❙✳✱ P❡t❡r✱ ❘✳✿ ❈♦❧❧❛❜♦r❛t✐✈❡ ▲❡❛r♥✐♥❣✳ ■♥✿
       ❙✐♠♦♥s ❘♦❜❡rt✲❏❛♥ ❛♥❞ ✈❛♥ ❞❡r ▲✐♥❞❡♥✱ ❏✳✱ ❚♦♠✱ ❉✳ ✭❡❞s✳✮ ◆❡✇ ▲❡❛r♥✳✱ ♣♣✳ ✸✼✕✺✹✳
       ❙♣r✐♥❣❡r ◆❡t❤❡r❧❛♥❞s✱ ❉♦r❞r❡❝❤t ✭✷✵✵✵✮✳ ❤tt♣s✿✴✴❞♦✐✳♦r❣✴✶✵✳✶✵✵✼✴✵✲✸✵✻✲✹✼✻✶✹✲✷❴✸
   ✹✶✳ ❱✉♦♣❛❧❛✱ ❊✳✱ ❍②✈ö♥❡♥✱ P✳✱ ❏är✈❡❧ä✱ ❙✳✿ ■♥t❡r❛❝t✐♦♥ ❢♦r♠s ✐♥ s✉❝❝❡ss❢✉❧ ❝♦❧❧❛❜♦r❛t✐✈❡
       ❧❡❛r♥✐♥❣ ✐♥ ✈✐rt✉❛❧ ❧❡❛r♥✐♥❣ ❡♥✈✐r♦♥♠❡♥ts✳ ❆❝t✐✈❡ ▲❡❛r♥✐♥❣ ✐♥ ❍✐❣❤❡r ❊❞✉❝❛t✐♦♥
       ✶✼✭✶✮✱ ✷✺✕✸✽ ✭✷✵✶✻✮✳ ❤tt♣s✿✴✴❞♦✐✳♦r❣✴✶✵✳✶✶✼✼✴✶✹✻✾✼✽✼✹✶✺✻✶✻✼✸✵
   ✹✷✳ ❲❛r♠❡❧✐♥❦✱ ❍✳✱ ▼❛②❡r✱ ■✳✱ ❲❡❜❡r✱ ❏✳✱ ❍❡✐❥❧✐❣❡rs✱ ❇✳✱ ❍❛❣❣✐s✱ ▼✳✱ P❡t❡rs✱ ❊✳✱ ▲♦✉✇✲
       ❡rs❡✱ ▼✳✿ ❆▼❊▲■❖✿ ❊✈❛❧✉❛t✐♥❣ t❤❡ t❡❛♠✲❜✉✐❧❞✐♥❣ ♣♦t❡♥t✐❛❧ ♦❢ ❛ ♠✐①❡❞ r❡❛❧✐t② ❡s✲
       ❝❛♣❡ r♦♦♠ ❣❛♠❡✳ ■♥✿ ❊①t✳ ❆❜str✳ P✉❜❧✳ ❆♥♥✉✳ ❙②♠♣✳ ❈♦♠♣✉t✳ ■♥t❡r❛❝t✳ P❧❛②✳ ♣♣✳
       ✶✶✶✕✶✷✸ ✭✷✵✶✼✮
   ✹✸✳ ❲♦❧❢✱ ❚✳✱ ❉❡❝❦❡r✱ ❙✳✱ ❆❜❡❝❦❡r✱ ❆✳✿ ❯♥t❡rstüt③✉♥❣ ❞❡s ✇✐ss❡♥s♠❛♥❛❣❡♠❡♥ts ❞✉r❝❤
       ✐♥❢♦r♠❛t✐♦♥s✲ ✉♥❞ ❦♦♠♠✉♥✐❦❛t✐♦♥st❡❝❤♥♦❧♦❣✐❡✳ ■♥✿ ◆ütt❣❡♥s✱ ▼✳✱ ❙❝❤❡❡r✱ ❆✳❲✳
       ✭❡❞s✳✮ ❊❧❡❝tr♦♥✐❝ ❇✉s✐♥❡ss ❊♥❣✐♥❡❡r✐♥❣✱ ♣♣✳ ✼✹✺✕✼✻✺✳ P❤②s✐❝❛✲❱❡r❧❛❣ ❍❉✱ ❍❡✐❞❡❧✲
       ❜❡r❣ ✭✶✾✾✾✮✳ ❤tt♣s✿✴✴❞♦✐✳♦r❣✴✶✵✳✶✵✵✼✴✾✼✽✲✸✲✻✹✷✲✺✽✻✻✸✲✼❴✸✾
   ✹✹✳ ❲♦♦✱ ❏✳❈✳✿ ❉✐❣✐t❛❧ ❣❛♠❡✲❜❛s❡❞ ❧❡❛r♥✐♥❣ s✉♣♣♦rts st✉❞❡♥t ♠♦t✐✈❛t✐♦♥✱ ❝♦❣♥✐✲
       t✐✈❡ s✉❝❝❡ss✱ ❛♥❞ ♣❡r❢♦r♠❛♥❝❡ ♦✉t❝♦♠❡s✳ ❏♦✉r♥❛❧ ♦❢ ❊❞✉❝❛t✐♦♥❛❧ ❚❡❝❤♥♦❧♦❣②
       ✫ ❙♦❝✐❡t② ✶✼✭✸✮✱ ✷✾✶✕✸✵✼ ✭✷✵✶✹✮✱ ❤tt♣s✿✴✴✇✇✇✳❥st♦r✳♦r❣✴st❛❜❧❡✴✶✵✳✷✸✵✼✴
       ❥❡❞✉❝t❡❝❤s♦❝✐✳✶✼✳✸✳✷✾✶




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