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Business Environment (business + environment)
Selected AbstractsThe Change in Corporate Transparency of Korean Firms After the Asian Financial Crisis: an analysis using analysts' forecast dataCORPORATE GOVERNANCE, Issue 6 2007Jinho Chang Using analysts' forecast error and forecast dispersion of firms covered by the I/B/E/S database, this study examines the change in information asymmetry of Korean firms around the financial crisis of 1997. Results show that the information asymmetry of Korean firms is lower after the financial crisis than before, implying that corporate transparency did, in effect, improve with the change in business environment. In addition, this study finds that chaebol firms have higher information asymmetry than non-chaebol firm, and also that the corporate transparency improvement of chaebol firms is not higher than that of non-chaebol firms in the post-crisis period despite the reforms particularly targeted to chaebol firms after the financial crisis. [source] The New Corporate Vehicle Societas Europaea (SE): consequences for European corporate governanceCORPORATE GOVERNANCE, Issue 2 2007Caspar Rose This article presents an analysis of the newly created European company Societas Europaea (SE) focusing on the consequences for European corporate governance. The SE offers the possibility to organise the management of a SE as a one-tier, or alternatively a two-tier, system. It is argued that this flexibility will not result in a single board system prevailing in equilibrium, but instead this choice will be made depending on each firm's business environment. Thus, the SE gives the management the option to incorporate in another member state. As argued, this will, eventually, lay the ground for a European market for incorporations. Important issues such as investor protection and dual-class voting shares are also analysed. The most controversial topic in the creation process of the SE was the role of the employees. The article completes with a discussion of the employees' role in relation to the opponent doctrines of shareholder vs stakeholder value. [source] Gender and Ethnic Diversity Among UK Corporate BoardsCORPORATE GOVERNANCE, Issue 2 2007Stephen Brammer This paper investigates the ethnic and gender diversity of the corporate board of UK companies, placing particular emphasis on links to board size and industry characteristics. We employ a novel dataset that covers a large sample of UK PLCs and describes a director's gender, ethnicity and position held. We find both ethnic and gender diversity to be very limited, and that diversity is somewhat less pronounced among executive positions. We find significant cross-sector variation in gender diversity, with an above average prevalence of women in Retail, Utilities, Media and Banking, while such variation in ethnic diversity is considerably less pronounced. Our evidence suggests that a close proximity to final consumers plays a more significant role in shaping board diversity than does the female presence among the industry's workforce. We argue that this shows that board diversity is influenced by a firm's external business environment and particularly an imperative to reflect corresponding diversity among its customers. [source] Shared Services Transformation: Conceptualization and Valuation from the Perspective of Real OptionsDECISION SCIENCES, Issue 3 2009Ning Su ABSTRACT In today's volatile global economy, where many organizations face severe pressure to downsize, the "shared services" model, in which a firm merges common functions performed by multiple units into a single service delivery organization, provides an innovative approach to make business more efficient and effective. To successfully implement shared services, firms need to strategically decide whether and how to pursue various service transformation alternatives such as simplification, standardization, consolidation, insourcing, or outsourcing. In this study, we develop the notion of real options into a unique theoretical lens for conceptualizing service organizations and their transformation in an uncertain business environment. Specifically, we view service organization as a set of strategic options that give the firm preferential access to future transformation opportunities. We create a taxonomy of these options, and introduce a decision methodology for valuing alternative shared services transformation approaches. We illustrate this methodology by applying it in a real business case to justify a global firm's decision regarding the transformation of its finance organization. [source] Capital quality improvement and the sources of economic growth in the euro areaECONOMIC POLICY, Issue 42 2005Plutarchos Sakellaris SUMMARY Capital quality improvement and Euroland growth Sources of growth Europe's growth slowed in the 1990s, reinforcing the overall impression of a need to catch up with the US regarding standards of living. In reaction, EU leaders adopted the famous Lisbon Agenda in 2000. The Agenda is now under review, the aim being to determine why progress on its pro-growth goals has been unsatisfactory and what can be done about it. The first crucial step in this process is to understand the true sources of the European growth slowdown. Sources-of-growth calculations have always been imprecise, but evidence from the US suggests that ,quality upgrading', especially in capital goods , has substantially worsened the precision problem since the 1990s. Unfortunately, quality adjusted sources-of-growth calculations, however, have not performed satisfactorily for Europe, so Europe's leaders are working with potentially misleading accounts of Europe's growth slowdown. Redressing this omission is the goal of this paper. Failure to account properly for capital quality improvements leads to two mistakes. First, overall GDP is underestimated. Our calculations, for example, show that euro area GDP growth was underestimated on average by 0.7 percentage points annually in the late 1990s. However, similar quality-adjustment figures raise US growth figures in the same period by even more, so quality-adjusting suggests that the US,EU growth gap was even more pronounced than previously believed. Secondly, the sources-of-growth calculations used to prioritize Europe's pro-growth policies are skewed. Our calculations show that the contribution of the slowdown in disembodied technical progress to the overall slowdown is more pronounced after quality adjustment. Our findings point to the need for adoption of microeconomic measures aimed at enhancing overall efficiency and boosting innovation activity. Such measures would aim at a better business environment, e.g. by easing regulatory and administrative burden and liberalizing energy and telecommunications markets. , Plutarchos Sakellaris and Focco Vijselaar [source] Corporate Social Responsibility European StyleEUROPEAN LAW JOURNAL, Issue 2 2008Olivier De Schutter This article explains how, while CSR may have been initially an idea about the scope of the responsibility of companies towards their environment, it has now become a process in which the representatives of the business community have come to occupy the main role, and whose purpose is to promote learning among business organisations, rather than to identify the components of a regulatory framework for CSR. The central question now, therefore, is whether the so-called ,business case' for CSR is strong enough, so that we may hope that the forces of market will suffice to encourage companies to behave responsibly, over and above their obligation to comply with their legal obligations. The article shows, however, that this case rests on certain presuppositions about markets and the business environment, which cannot be simply assumed, but should be affirmatively created by a regulatory framework for CSR. Following the introduction, it proceeds in four stages. First, it examines the development of CSR in the EU. Second, it offers a critical examination of the so-called ,business case' for CSR, taking into account the growing diversity within the enlarged EU. It then discusses, as an alternative, what a regulatory framework for CSR could resemble, highlighting a number of initiatives which have been taken in this regard by the EU. The article finally concludes that, since the failure of the European Multi-Stakeholder Forum on CSR in 2004, the debate has made a turn in the wrong direction, both because of the mistaken view that the establishment of a regulatory framework for CSR would threaten the competitiveness of European companies, and because of the naive (and contradictory) view that reliance on market mechanisms will suffice to ensure that corporations will seek to minimise the negative social and environmental impacts of their activities, even in circumstances where they are not legally obliged to do so. [source] Risk-Based Capital and Credit Insurance PortfoliosFINANCIAL MARKETS, INSTITUTIONS & INSTRUMENTS, Issue 1 2010Van Son Lai This paper analyzes the risk-management practices of a vulnerable credit insurer by studying the effects of time-varying correlations, asset risks and loan maturities on the risk-based capital that backs credit insurance portfolios. Since asset correlations may change over a business cycle, we have analyzed these effects by means of a one-factor Gaussian stochastic model as part of an extended contingent claims analysis. Our results show the need to account for cyclical changes to correlations in the pricing of credit insurance. When compared with the reserve of risk-based capital recommended by the Basel II Internal Ratings-Based (IRB) approach, our model provides a better capital buffer against extreme credit losses, especially in times of recession and/or in a risky business environment. Using a risk-adjusted performance metric (RAPM), we find insurers perform better when insuring relatively short-term loans. We also make several policy recommendations on creating a reserve of risk-based capital to protect against possible loan losses. [source] Mentors, supervisors and role models: do they reduce the effects of psychological contract breach?HUMAN RESOURCE MANAGEMENT JOURNAL, Issue 3 2009Thomas J. Zagenczyk Psychological contract breach has become a significant problem for many organisations in today's business environment because it fosters a belief within employees that the organisation does not support them. Accordingly, we examine whether organisations can diminish the negative impact of psychological contract breach on perceived organisational support (POS) by providing employees with mentors, supportive supervisors and role models. In Study 1, we found that mentor relationships moderated the relationship between psychological contract breach and POS six months later. In Study 2, we showed that mentor relationships and supervisor support reduced the negative impact of contract breach on POS. Contrary to expectations, employees who maintained relationships with role models reported lower levels of POS in response to psychological contract breach than those employees who reported that they did not have role models in their organisations. Implications for research and practice are discussed. [source] Creating social capital in MNCs: the international human resource management challengeHUMAN RESOURCE MANAGEMENT JOURNAL, Issue 4 2007Sully Taylor Social capital has assumed a critical role in the successful implementation of global strategy for multinational companies (MNCs). The article focuses on the ways in which the international human resource management (IHRM) system and those responsible for it influence the creation and utilisation of social capital in MNCs. It examines the challenges posed to IHRM by the wide diversity of definitions and manifestations of social capital found in the multiple cultural contexts of the global business environment and provides a framework on how to approach the cultural influences on the definitions and behavioural expressions of social capital. It also critically assesses the recommendations that have been made regarding developing social capital in MNCs, the competencies most critical to the ability to develop social capital in multiple cultural settings, and provides a set of recommendations for future research in this area. [source] Persistent problems and practices in information systems developmentINFORMATION SYSTEMS JOURNAL, Issue 3 2007Karlheinz Kautz Abstract.,This paper identifies and discusses the persistent problems and development practices of information systems development (ISD). A critical examination and comparison of past times',traditional' and present-day ,web-based' development shows that contemporary ISD can be seen as an accentuated evolution , rather than a revolution , of well-known challenges and solutions. On this basis, (1) diversity; (2) knowledge; and (3) structure are identified as inherent and interrelated problems, while the practices for coping with these three challenges are (a) organization and specialization; (b) constant verbal communication and negotiation; and (c) pragmatic application of certain development methods and methodical concepts. We conclude that more research on the occurrence and interaction of problems and practices at, and between, different contextual levels (e.g. the business environment, company, project, team and individual levels) is needed to understand and assess (the gap between) ,observed practice' and ,good practice' across the many types of Web and non-Web ISD projects conducted today. We outline a possible research agenda to investigate these issues. [source] Reconciling user and project manager perceptions of IT project risk: a Delphi study,INFORMATION SYSTEMS JOURNAL, Issue 2 2002Mark Keil Abstract. In an increasingly dynamic business environment characterized by fast cycle times, shifting markets and unstable technology, a business organization's survival hinges on its ability to align IT capabilities with business goals. To facilitate the successful introduction of new IT applications, issues of project risk must be addressed, and the expectations of multiple stakeholders must be managed appropriately. To the extent that users and developers may harbour different perceptions regarding project risk, areas of conflict may arise. By understanding the differences in how users and project managers perceive the risks, insights can be gained that may help to ensure the successful delivery of systems. Prior research has focused on the project manager's perspective of IT project risk. This paper explores the issue of IT project risk from the user perspective and compares it with risk perceptions of project managers. A Delphi study reveals that these two stakeholder groups have different perceptions of risk factors. Through comparison with a previous study on project manager risk perceptions, zones of concordance and discordance that must be reconciled are identified. [source] Integrating intelligent systems into marketing to support market segmentation decisionsINTELLIGENT SYSTEMS IN ACCOUNTING, FINANCE & MANAGEMENT, Issue 3 2006Sally MckechnieArticle first published online: 13 MAR 200 For the last 50 years market segmentation has been considered to be a key concept in marketing strategy. As a means of tackling market heterogeneity, the underlying logic and managerial rationale for market segmentation is well established in the marketing literature. However, there is evidence to suggest that attempts by organizations to classify customers into distinct segments for whom product or services can be specifically tailored are proving to be difficult to implement in practice. As the business environment in which many organizations operate becomes increasingly uncertain and highly competitive, greater importance is now being attached to marketing knowledge. The purpose of this paper is to highlight market segmentation problems as a relevant area for a greater level of engagement of intelligent systems academic researchers and practitioners with their counterparts within the marketing discipline, in order to explore how data mining approaches can assist marketers in gaining valuable insights into patterns of consumer behaviour, which can then be used to inform market segmentation decision-making. Since the application of data mining within the marketing domain is only in its infancy, a research agenda is proposed to encourage greater interdisciplinary collaboration between information systems and marketing so that data mining can more noticeably enter the repertoire of analytical techniques being employed for segmentation. Copyright © 2007 John Wiley & Sons, Ltd. [source] NGOSS-based convergent OSS framework toward business agility: KT caseINTERNATIONAL JOURNAL OF NETWORK MANAGEMENT, Issue 6 2006Cheol-Seong Kim Recently, most wireline telecom service providers have confronted a decrease of subscribers because wireless service providers are making inroads into traditional telecom markets and gaining tangible net earnings. To overcome a severely competitive business environment, wireline service providers strive to change their service infrastructure from a network-focused service to a value-added and customer-focused one that can create new value and markets. This also entails a paradigm shift in operations and management, and now most service providers are rushing to build a new converged OSS to efficiently accommodate the network and service evolution. KT has driven the NeOSS (New OSS) project to build a convergent OSS for the past 3 years. This paper presents three NGOSS-based architectural core principles that are the foundation of NeOSS, which are business process integration by using BPM technology, distributed application integration by using EAI technology, and building a consolidated inventory DB based on a standard information model. Lastly, we present KT's operational improvement through the use of NeOSS. Copyright © 2006 John Wiley & Sons, Ltd. [source] The role of quantitative and qualitative research in industrial studies of tourismINTERNATIONAL JOURNAL OF TOURISM RESEARCH, Issue 2 2003Brian Davies Abstract Many areas of research in tourism concentrate on quantitative or qualitative studies. Some even discuss the complementarity between the two types of studies. Hardly considered are the possibilities for combining such works within an integrated framework that also considers the business environment in which tourism operates. The purpose of this paper is to return to long neglected possibilities by reinvestigating areas of methodology and epistemology concerned with the generation of a framework that embraces both quantitative and qualitative research. A hypothetical example, in terms of industrial organisation and strategic decision making, is introduced discussing the possibilities for the triangulation of methods and paradigms and the role of the business environment. The conclusion is that an improved understanding of the tourism business requires a broader research methodology than presently exists. Both types of research and the dynamic context of tourism are important and need to be combined within an integrated framework. It has been concerned with the construction of integrating frameworks that embrace an alternative logic of inference and the context of the tourism business environment. This requires refinements of existing approaches together with a broader research methodology. Only by establishing such frameworks will an improved understanding of the tourism industry be achieved. The suggested framework presented here, with particular reference to industrial organisation and strategic decision making by tourism suppliers, is not offered as a panacea. For future work, the validity and choice of framework rest squarely on how the world and ,truth' are viewed. However, within this, the contribution of triangulated quantitative and qualitative research should help understanding by studying phenomena in their natural setting and in terms of the meanings people have of them. This should lead to a ,truer analysis' of business behaviour and hence a more purposeful investigation of hotels, tour operators, travel agents and the business of tourism in general. It is in seeking to produce this ,truer analysis' that future research activities need to concentrate. Copyright © 2003 John Wiley & Sons, Ltd. [source] Barriers to implementing e-learning: a Kuwaiti case studyINTERNATIONAL JOURNAL OF TRAINING AND DEVELOPMENT, Issue 1 2008Ghadah Essa Ali The paper reports on a research project that encompasses two key objectives: (1) finding out about the barriers affecting or preventing e-learning from being adopted by companies as an integral part of their workforce's training and learning processes and (2) establishing a comparison between the barriers and the e-learning implementation models found in Kuwait and in the practice of Western companies. The practices from Western countries are used as a benchmark for the Kuwaiti experience. The collection of the primary data was carried out through the use of semi-structured questionnaires with human resources managers as well as IT managers in charge of the e-learning of 11 of the largest companies in Kuwait. The research results show that the key implementation barriers in Kuwait are (1) lack of management support; (2) language barriers; (3) IT problems; and (4) workload and lack of time. From these, two are common to Western countries (technology and time). The remaining two (management support and language barriers) are specific to Kuwait. Regarding the comparison between the two implementation models, the key finding was that the usual e-learning development cycle (plan,design,integrate,improve) was not followed in Kuwait. The planning, designing and improving stages were largely ignored, with the emphasis resting almost completely on integrating the e-learning tools and processes in the rest of the organization. This finding was found to be in line with barrier number one , lack of management support. The key lesson learned from this research is that the problem of e-learning implementation in Kuwait is not so much one of knowing what the barriers are but one of knowing what the appropriate management processes should be for companies to achieve business success. The paper also provides recommendations for an e-learning development plan to fit the current business environment in Kuwait. [source] Soft Power and State,Firm Diplomacy: Congress and IT Corporate Activity in ChinaINTERNATIONAL STUDIES PERSPECTIVES, Issue 3 2009Jade Miller In today's globalized political economy, diplomacy between nation-states (state,state diplomacy) now exists alongside state,firm diplomacy, the negotiations between multinational corporations (MNCs) and the countries in which they do business. While the state must be committed to the interests of its MNCs in the interest of domestic state,firm diplomacy (maintaining a supportive business environment), it still has recourse to address failures in corporate diplomacy and to maintain the appearance of dominance on the world stage. This paper examined these strategies through a critical analysis of prepared testimony at the February 2006 congressional hearing regarding the controversial actions of four U.S. IT MNCs (Google, Microsoft, Yahoo, and Cisco) operating in China. I conclude that when the government is constrained from using its hard power on its MNCs, soft power becomes its most effective tool. Image, suggestion, and appearance,soft power,can be considered more important than legislation itself,hard power,and perhaps even the currency of current state,firm relations. [source] STRATEGY AND SHAREHOLDER VALUE CREATION: THE REAL OPTIONS FRONTIERJOURNAL OF APPLIED CORPORATE FINANCE, Issue 2 2000Martha Amram The current interest in real options reflects the dramatic increase in the uncertainty of the business environment. Viewed narrowly, the real options approach is the extension of financial option pricing models to the valuation of options on real (that is, nonfinancial) assets. More broadly, the real options approach is a way of thinking that helps managers formulate their strategic options,the future opportunities that are created by today's investments,while considering their likely effect on shareholder value. But if the real options framework promises to link strategy more closely to shareholder value creation, there are some major challenges on the frontier of application. In the first part of this paper, the authors tackle the question, "What is really new about real options, and how does the approach differ from other wellestablished ways to make strategic decisions under uncertainty?" This article provides a specific definition of real options that relies on the ability to track marketpriced risk. Using examples from oil exploration and pharmaceutical drug development, the authors also show how specific features of the industry and the application itself determine the usefulness of the real options approach. The second part of the paper addresses the question: Given the many differences between real and financial options, how should a real options application be framed? The authors examine the use of real options in the valuation of Internet companies to demonstrate the required judgment and tradeoffs in the framing of real options applications. The case of Webvan, an online grocer, is used to illustrate the inter-action between strategy, execution, and valuation. [source] Learning to collaborate by collaborating: a face-to-face collaborative activity for measuring and learning basics about teamwork1JOURNAL OF COMPUTER ASSISTED LEARNING, Issue 2 2009C. Cortez Abstract In today's fast-changing business environment, teams have emerged as a requirement for business success. However, in schools and universities, students are usually not taught teamwork skills. In this paper, we introduce learning to collaborate by collaborating, a process that enables collaboration and teamwork skills to be taught and measured through face-to-face collaborative work and class-wide activities supported by wirelessly connected hand-held devices. Following a description of learning to collaborate by collaborating, we present an experimental study whose results demonstrate that participants in the process displayed improved teamwork performance. We conclude that it is possible to effectively teach collaboration skills through the use of immediate feedback provided by a supporting technology. [source] Anatomy of Organizational CrisesJOURNAL OF CONTINGENCIES AND CRISIS MANAGEMENT, Issue 3 2000Peter Hwang As the business environment gets more complex, the crises faced by management are more frequent and, potentially, more devastating. Previous research on crises looks at specific cases, typologies and definitions of crises. This paper argues that crises are better understood through the way they develop. Based on the theory of punctuated equilibria in biology, two types of crises are proposed: abrupt versus cumulative. An organizing framework based on a punctuated equilibria view of crisis is presented. In addition, the key concepts and mechanisms of the framework that provide management with a broadened view for coping with the ubiquitous nature of crises are discussed. [source] The Role of the Physical Environment in Supporting Organizational CreativityJOURNAL OF INTERIOR DESIGN, Issue 1-2 2003Supaporn Vithayathawornwong M.S. ABSTRACT Creativity has been underscored as a key factor to organizational adaptability and competitiveness in today's rapidly changing business environment. Designing as well as managing work environments that facilitate creativity have therefore received growing attention, resulting in a multitude of research examining the social-psychological work environment. Few studies, however, have focused on the contribution of the physical work environment to supporting creativity in the workplace. This study focuses on the role of the physical environment in supporting creativity in organizations by identifying specific physical features and attributes of the work environment perceived to promote or inhibit creativity. The research design compares four organizations publicly acclaimed for their innovative social-psychological work environments, but which are distinctly different in terms of the physical work environment. Quantitative and qualitative data were collected by means of survey questionnaires (N = 130). Results indicate that the physical work environment exerts indirect influence on creativity by contributing to two significant social-psychological conditions that are conducive to creativity, namely dynamism and freedom. The study specifies attributes of the physical work environment perceived to be positively and negatively associated with both of these conditions. [source] The Role of International Financial Reporting Standards in Accounting Quality: Evidence from the European UnionJOURNAL OF INTERNATIONAL FINANCIAL MANAGEMENT & ACCOUNTING, Issue 3 2010Huifa Chen Previous studies on the effect of International Financial Reporting Standards (IFRS) on accounting quality often have difficulties to control for confounding factors on accounting quality. As a result, the observed changes in accounting quality could not be attributed mainly to IFRS. We use a unique research setting to address this issue by comparing the accounting quality of publicly listed companies in 15 member states of the European Union (EU) before and after the full adoption of IFRS in 2005. We use five indicators as proxies for accounting quality. We find that the majority of accounting quality indicators improved after IFRS adoption in the EU. That is, there is less of managing earnings toward a target, a lower magnitude of absolute discretionary accruals, and higher accruals quality. But our results also show that firms engage in more earnings smoothing and recognize large losses in a less timely manner in post-IFRS periods. In addition, we examine the effects of institutional variables on financial reporting quality. Our contribution to the literature is that we show the improved accounting quality is attributable to IFRS, rather than changes in managerial incentives, institutional features of capital markets, and general business environment, etc. [source] Rationality and Its Symbols: Signalling Effects and Subjectification in Management Consulting*JOURNAL OF MANAGEMENT STUDIES, Issue 8 2004Thomas Armbrüster abstract In service sectors such as management consulting, it is very difficult to measure the impact or success of a service even after it has been delivered. In these markets of goods between experience and credence, symbolic value is helpful and necessary to complement quality perceptions. The leading management consulting firms, in particular, do not only deliver data-driven analyses but also represent and symbolize the rational approach to business issues. This article looks at the role of personnel selection in the context of quality symbolization. It argues that the predominant tool for personnel selection in the consulting sector, the case study, accounts for both a signalling effect of rationality to the business environment and a subjectification of consulting staff to the consulting culture and rationality beliefs. The case is made that, rather than leading to a valid selection of high-performance personnel, the process of personnel selection has latent effects, which nonetheless contribute to the consulting industry's success. [source] Defining a knowledge strategy framework for process aligned organizations: an IBM caseKNOWLEDGE AND PROCESS MANAGEMENT: THE JOURNAL OF CORPORATE TRANSFORMATION, Issue 2 2008Stephen McLaughlin Many organizations struggling to capitalize on their knowledge assets tend to let their knowledge management systems emerge from existing IT systems and infrastructure. Within a complex business environment this can cause a mismatch between how knowledge assets are, and should be managed. In order to help organizations develop dynamic and effective KM systems, the authors' suggest that organizations need to re-think how knowledge is created and shared around their core business processes. To be more specific the author's contend that for organizations where inter/intra organizational collaboration is vital to overall end-to-end performance, such as in a supply chain, organizations need to consider first the relationship between what the authors see as four key components. These are knowledge strategy, core process optimization, core process performance and knowledge barriers. This paper will explain why these components are important, and the relationship between them. The findings put forward in this paper are based on research concerned with improving process performance through knowledge transfer. The research follows a critical theory approach to identify best knowledge transfer practice across complex organizations. The research is exploratory in nature and a case study methodology is used to support this line of inductive theory building. The findings presented are based on data collated within, and across IBM's integrated supply chain. Copyright © 2008 John Wiley & Sons, Ltd. [source] Knowledge creation and transfer in a cross-cultural context,empirical evidence from Tyco Flow ControlKNOWLEDGE AND PROCESS MANAGEMENT: THE JOURNAL OF CORPORATE TRANSFORMATION, Issue 3 2007Florian Kohlbacher The capability of multinational corporations (MNCs) to create and efficiently combine knowledge from different locations around the world is becoming increasingly important as a determinant of competitive advantage and will be more and more critical to their success and survival. Consequently, cultural differences and cross-cultural contexts play an essential role for and significantly influence global knowledge creation and management. This paper presents a case study resulting from a current empirical research project on knowledge management and the transfer of knowledge within organizations of MNCs. We describe and analyze the efforts of global market leader Tyco Flow Control (TFC)'s Japanese subsidiary KTM to transfer relevant,and often highly tacit,knowledge to a newly acquired production site in Taiwan. Challenges and difficulties encountered in the process of global knowledge management,in this case the transfer of knowledge from Japan to Taiwan,as well as the creation of new knowledge locally and its feedback,are illustrated and carefully examined. Finally, we discuss our findings and highlight practical implications for managers and international corporations in a global business environment. Copyright © 2007 John Wiley & Sons, Ltd. [source] An analytical approach for making management decisions concerning corporate restructuringMANAGERIAL AND DECISION ECONOMICS, Issue 8 2006Beixin Lin Internal corporate restructuring activities, such as downsizing, sale or termination of a business line, facility closure, consolidation, or relocation, often occur as part of managerial strategies intended to improve efficiency, control costs, and adapt to an ever-changing business environment. Such actions frequently result in fundamental changes in a business's organization, its strategies, its systems, and its operations. They can unsettle a business and often significantly affect current and future earnings and cash flows. In this paper we propose a novel decision-making model through the use of the dynamic programming technique to illustrate how management can determine the optimal timing and appropriate restructuring actions that maximize the benefits of a restructuring program. Copyright © 2006 John Wiley & Sons, Ltd. [source] Assessment of hidden and future customer needs in Finnish business-to-business companiesR & D MANAGEMENT, Issue 4 2001Hannu Kärkkäinen The development of new products should be based on the needs expected to exist even several years ahead , at the moment of market introduction and during the whole lifecycle of the product. To develop successful new products in the toughening business environment, companies should be able to surpass customers' expectations and to assess emerging customer needs proactively. Early, thorough understanding of the customer's real needs, including the assessment of hidden and future customer needs and requirements, plays a very important role in the successful development of new products. The purpose of our paper is to study the assessment of new (hidden and future) customer needs for product development in Finnish business-to-business companies. We have carried out a survey in 93 Finnish business-to-business companies and SBUs to study their common problems in the assessment of unrecognized customer needs and potentially effective ways in clarifying new customer needs and dealing with important problems. On the basis of the results, we propose several possible ways to facilitate the assessment of unrecognized customer needs. [source] Performance of Global New Product Development Programs: A Resource-Based ViewTHE JOURNAL OF PRODUCT INNOVATION MANAGEMENT, Issue 5 2007Elko J. Kleinschmidt Gaining a competitive edge in today's turbulent business environment calls for a commitment by firms to two highly interrelated strategies: globalization and new product development (NPD). Although much research has focused on how companies achieve NPD success, little of this deals with NPD in the global setting. The authors use resource-based theory (RBT),a model emphasizing the resources and capabilities of the firm as primary determinants of competitive advantage,to explain how companies involved in international NPD realize superior performance. The capabilities RBT model is used to test how firms achieve superior performance by deploying organizational capabilities to take advantage of key organizational resources relevant for developing new products for global markets. Specifically, the study evaluates (1) organizational NPD resources (i.e., the firm's global innovation culture, attitude to resource commitment, top-management involvement, and NPD process formality); (2) NPD process capabilities or routines for identifying and exploiting new product opportunities (i.e., global knowledge integration, NPD homework activities, and launch preparation); and (3) global NPD program performance. Based on data from 387 global NPD programs (North America and Europe, business-to-business), a structural model testing for the hypothesized mediation effects of NPD process capabilities on organizational NPD resources was largely supported. The findings indicate that all four resources considered relevant for effective deployment of global NPD process capabilities play a significant role. Specifically, a positive attitude toward resource commitment as well as NPD process formality is essential for the effective deployment of the three NPD process routines linked to achieving superior global NPD program performance; a strong global innovation culture is needed for ensuring effective global knowledge integration; and top-management involvement plays a key role in deploying both knowledge integration and launch preparation. Of the three NPD process capabilities, global knowledge integration is the most important, whereas homework and launch preparation also play a significant role in bringing about global NPD program success. Tests for partial mediation suggest that too much process formality may be negative and that top-management involvement requires careful focus. [source] Megapixels, Millimetres and Microsieverts: Packaging Digital Photogrammetry for Emerging Industrial MarketsTHE PHOTOGRAMMETRIC RECORD, Issue 95 2000D. P. Chapman As the performance of megapixel digital imaging systems continues to improve, the rapid growth of high-end consumer markets drives prices ever lower. When such cameras are married with emerging, desktop "photogrammetric" software packages, the close range photogrammetric community is faced with many new challenges and opportunities. The dramatic changes in the technological arena are matched by a rapidly changing business environment in which concepts such as "Partnering" and "Supply chain management" have become key themes. As organizations of all sizes seek to thrive within this new business landscape, there appears to be a willingness to think more flexibly about the client-supplier relationship and the sharing of risks and rewards. This, in turn, has encouraged the development of highly customized measurement solutions across a wide range of market sectors. In each of these solutions the emphasis is not on a generic photogrammetric product, but on a highly tailored system tightly coupled to existing workflows, and focused on the specific needs of the client. Such systems pose particular challenges to their designers, since they are frequently operated by users with relatively little photogrammetric background and yet must always meet the challenging requirement of producing an output which is "fit for purpose". Thus this paper hopes to show how novel megapixel imaging systems can be configured to deliver flexible measurement systems capable of millimetric level accuracy within the challenging engineering environments typical of the nuclear and process industries (hence the microsievert component of the title). [source] Information Technology, Organizational Transformation and Productivity Growth: An Examination of the Brynjolfsson,Hitt PropositionASIAN ECONOMIC JOURNAL, Issue 1 2010Ky-hyang Yuhn O31; O32; O33 This study investigates what happened to productivity growth during the Information Technology (IT) revolution in an IT-driven economy, Korea. To this end, we have decomposed the source of productivity growth into technological change, technical efficiency and scale economies using a stochastic frontier function and examined how the composition of productivity growth has changed with different phases of IT developments. We have used panel data that is comprised of 4022 firms from 1996 to 2000. We have found that Korean firms have been quick to embrace organizational restructuring to adapt to a new business environment brought about by IT, which seems to be the major source of the success of Korean firms. We have also found that: (i) there is no substantial difference in productivity gains between IT-producing firms and IT-using firms; (ii) productivity growth is more robust to business cycles in an IT-driven economy than in the traditional economy; and (iii) efficiency improvement attributed to organizational transformation plays a greater role in productivity growth as IT applications become more widespread. [source] Corruption and Foreign Direct Investment Attractiveness in AsiaASIAN POLITICS AND POLICY, Issue 2 2009Jung-Yeop Woo There have been debates on how political corruption may affect foreign direct investment (FDI) attractiveness. Some scholars argue that corruption increases economic uncertainty due to arbitrariness and thereby affects FDI negatively. On the other hand, another group of scholars contends that corruption leads to greater FDI because it can create a business environment that is more friendly to foreign investors. In this article, we empirically test the relationship between the level of corruption and FDI attractiveness in eight non-OECD (Organisation for Economic Co-operation and Development) Asian countries (Bangladesh, India, Indonesia, Malaysia, Pakistan, Philippines, Sri Lanka, and Thailand) using data for the perceived corruption level (according to the International Country Risk Guide data set) available from Political Risk Services, a private international investment risk service company, for 1984,2004. The analysis reveals that corruption in non-OECD countries in Asia generally harms FDI attractiveness. [source] | |||||||||||||||||||||||||||||||||||||