Economics, Entrepreneurship, Management

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    Forecasting economic result of manipulation using game theory modeling
    (Видавництво Львівської політехніки, 2021-03-01) Kuzmin, O.; Stanasiuk, N.; Berdnik, D.; Lviv Polytechnic National University
    Manipulations are taking place widely on various capital, commodity, derivative and other markets. They are reported regularly and sometimes causing significant losses. But it doesn’t mean that the efforts intended to limit this sort of activity are insignificant. Surveillance budgets, as well as applied fines, are impressing. The annual volume of manipulative attempts and the efforts, intended to deter these attempts, are growing exponentially year after year. The imperfection and low versatility of detection methods are leaving space for successful attempts, making manipulative behavior still attractive. This paper is representing the model, based on the Game Theory and aimed to fit modern requirements of surveillance. The article defines basic problems in manipulation detection and proves model’s capability to solve them. However, the problem is reviewed on a general level allowing to elaborate the versatile model, but not a specific manipulative scenario. At the same time, the model allows complementing it with precise tools defining aspects related to actual manipulation. Manipulation and the shaping of it's economic results are reviewed in-depth, revealing it's core phenomenology.
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    Relationship between Conflict management strategies and economic growth of organisation
    (Видавництво Львівської політехніки, 2020-02-24) Kuzmin, O.; Stanasiuk, N.; Maiti, S.; Lviv Polytechnic National University
    Conflicts are considered to be the most unpredictable issues in organisations. It is mainly associated with the opposing of ideas and actions which results in causing a hostile state among the members that affects the performance of the organization. Hence, it is imperative for the organization to develop conflict management strategies for avoiding conflicts that can support in its growth. The aim of the following study is to evaluate the relationship between the conflict management strategies and economic growth of the organisation. The research design that is selected for the following study is triangulation method where the researcher attempts to explain the association between the conflicting management strategies and economic growth through interview, questionnaire survey and literature. As per the questionnaire survey, 85 professionals has completely provided with the data. In this manner, the correlation technique is performed in which it was identified that the conflict management and economic growth has significant and positive association. Moreover, the types of strategies that are associated with the economic growth comprises of accommodation, collective bargaining, compromising and confrontation whereas avoidance is found to have insignificant association with economic growth. Moreover, the factors responsible for the conflicts are poor communication and information gap. The adverse effect of not resolving conflict is that it leads to demotivation of employees and lower productivity.