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Performance Relationship (performance + relationship)
Kinds of Performance Relationship Selected AbstractsMEASUREMENT ERROR IN RESEARCH ON THE HUMAN RESOURCES AND FIRM PERFORMANCE RELATIONSHIP: FURTHER EVIDENCE AND ANALYSISPERSONNEL PSYCHOLOGY, Issue 4 2000BARRY GERHART Our earlier article in Personnel Psychology demonstrated how general-izability theory could be used to obtain improved reliability estimates in the human resource (HR) and firm performance literature and that correcting for unreliability using these estimates had important implications for the magnitude of the HR and firm performance relationship. In their comment, Huselid and Becker both raise criticisms specific to our study and broad issues for the field to consider. In our present article, we argue, using empirical evidence whenever possible, that the issues and criticisms raised by Huselid and Becker do not change our original conclusions. We also provide new evidence on how the reliability of HR-related measures may differ at different levels of analysis. Finally, we build on Huselid and Becker's helpful discussion of broad research design and strategy issues in the HR and firm performance literature in an effort to help researchers make better informed choices regarding their own research designs and strategies in the area. [source] Material Solubility-Photovoltaic Performance Relationship in the Design of Novel Fullerene Derivatives for Bulk Heterojunction Solar CellsADVANCED FUNCTIONAL MATERIALS, Issue 5 2009Pavel A. Troshin Abstract The preparation of 27 different derivatives of C60 and C70 fullerenes possessing various aryl (heteroaryl) and/or alkyl groups that are appended to the fullerene cage via a cyclopropane moiety and their use in bulk heterojunction polymer solar cells is reported. It is shown that even slight variations in the molecular structure of a compound can cause a significant change in its physical properties, in particular its solubility in organic solvents. Furthermore, the solubility of a fullerene derivative strongly affects the morphology of its composite with poly(3-hexylthiophene), which is commonly used as active material in bulk heterojunction organic solar cells. As a consequence, the solar cell parameters strongly depend on the structure and the properties of the fullerene-based material. The power conversion efficiencies for solar cells comprising these fullerene derivatives range from negligibly low (0.02%) to considerably high (4.1%) values. The analysis of extensive sets of experimental data reveals a general dependence of all solar cell parameters on the solubility of the fullerene derivative used as acceptor component in the photoactive layer of an organic solar cell. It is concluded that the best material combinations are those where donor and acceptor components are of similar and sufficiently high solubility in the solvent used for the deposition of the active layer. [source] The Impact of Contextual Self-Ratings and Observer Ratings of Personality on the Personality,Performance Relationship,JOURNAL OF APPLIED SOCIAL PSYCHOLOGY, Issue 2 2006Erika Engel Small This study examined 2 possible ways of increasing the predictive validity of personality measures: using observer (i.e., supervisor and coworker) ratings and work-specific self-ratings of Big Five personality factors. Results indicated that among general self-ratings of Big Five personality dimensions, Conscientiousness was the best predictor of in-role performance, and Agreeableness and Emotional Stability were the best predictors of organizational citizenship behavior (OCB). Observer ratings of personality accounted for incremental variance in job performance (in-role performance and OCB) beyond that accounted for by general self-ratings. However, contrary to our expectations, work-specific (i.e., contextual) self-ratings of personality generally did not account for incremental variance in job performance beyond that accounted for by general self-ratings. [source] Demographic Diversity in the Boardroom: Mediators of the Board Diversity,Firm Performance RelationshipJOURNAL OF MANAGEMENT STUDIES, Issue 5 2009Toyah Miller abstract Whereas the majority of research on board diversity explores the direct relationship between racial and gender diversity and firm performance, this paper investigates mediators that explain how board diversity is related to firm performance. Grounded in signalling theory and the behavioural theory of the firm, we suggest that this relationship operates through two mediators: firm reputation and innovation. In a sample of Fortune 500 firms, we find a positive relationship between board racial diversity and both firm reputation and innovation. We find that reputation and innovation both partially mediate the relationship between board racial diversity and firm performance. In addition, we find a positive relationship between board gender diversity and innovation. [source] The Moderating Effect of CEO Power on the Board Composition,Firm Performance Relationship*JOURNAL OF MANAGEMENT STUDIES, Issue 8 2007James G. Combs abstract Prior studies of the relationship between the composition of boards of directors and firm performance offer equivocal results. Drawing on agency and power circulation theories, we attempt to reduce this equivocality by asserting that CEO power moderates the relationship. Specifically, an outside director dominated board is needed to check a powerful CEO, but monitoring by other executives provides sufficient constraints on CEOs with low power. We used event study methodology to test the effects of the interaction between board composition and CEO power on stock market reaction to 73 unexpected CEO deaths. We found support for our theorizing among two of three sources of CEO power. Thus, although regulatory trends increasingly support outside director dominated boards, our findings indicate that this may not always benefit shareholders and that CEO power should be considered when constructing boards. [source] An Investigation Into the Diversification,Performance Relationship in the U.S. Property,Liability Insurance IndustryJOURNAL OF RISK AND INSURANCE, Issue 3 2008B. Elango This article investigates the relationship between product diversification and firm performance in the U.S. property,liability insurance industry using data over the 1994 through 2002 time period. Using various measures of product diversification and firm performance, we find that the extent of product diversification shares a complex and nonlinear relationship with firm performance. Our findings suggest that performance benefits associated with product diversification are contingent upon an insurer's degree of geographic diversification. Robustness tests using subsamples and market returns for public firms show consistent results. [source] Comparative Analysis of Ownership Transformation and Performance Relationship among Major and Regional Banks in AustraliaTHE AUSTRALIAN ECONOMIC REVIEW, Issue 2 2006Kandiah Jegasothy This article attempts to clarify existing doubts with respect to the performance of private and privatised banks versus public banks; that is, it is an attempt to clarify the ownership,performance relationship. The analysis takes explicit account of the privatisation transformation, including its intermediary stage, and the status of the economy. The ownership,performance model is estimated using cross-sectional time-series data and is used to test the influence of ownership changes on performance. Alternative performance measures are considered. The empirical findings show that ownership transformation in the case of regional banks has resulted in improved performance, whilst the benefits in the case of major banks were not significant, even though these banks have become more competitive. [source] Investigating the Moderating Effects of Leader,Member Exchange in the Psychological Contract Breach,Employee Performance Relationship: A Test of Two Competing PerspectivesBRITISH JOURNAL OF MANAGEMENT, Issue 2 2010Simon Lloyd D. Restubog Leader,member exchange (LMX) has been characterized as a form of social support capable of buffering the effects of negative work experiences. However, employees with high-quality relationships with leaders in the organization may have stronger negative reactions when psychological contracts are breached. Thus, while a social support perspective would suggest that LMX minimizes the adverse impact of psychological contract breach on employee performance, a betrayal perspective proposes that high LMX would aggravate the negative effects. Using cross-sectional and longitudinal research designs, results across three samples provided support for the betrayal perspective. That is, breach had a stronger negative relationship with organizational citizenship behaviours and in-role performance under conditions of high LMX. Implications of these results and future research directions are discussed. [source] Business Group Affiliation, Firm Governance, and Firm Performance: Evidence from China and IndiaCORPORATE GOVERNANCE, Issue 4 2009Deeksha A. Singh ABSTRACT Manuscript Type: Empirical Research Question/Issue: This study seeks to understand how business group affiliation, within firm governance and external governance environment affect firm performance in emerging economies. We examine two aspects of within firm governance , ownership concentration and board independence. Research Findings/Insights: Using archival data on the top 500 Indian and Chinese firms from multiple data sources for 2007, we found that group affiliated firms performed worse than unaffiliated firms, and the negative relationship was stronger in the case of Indian firms than for Chinese firms. We also found that ownership concentration had a positive effect on firm performance, while board independence had a negative effect on firm performance. Further, we found that group affiliation , firm performance relationship in a given country context was moderated by ownership concentration. Theoretical/Academic Implications: This study utilizes an integration of agency theory with an institutional perspective, providing a more comprehensive framework to analyze the CG problems, particularly in the emerging economy firms. Empirically, our findings support, as well as contradict, some of the conventional wisdom, and suggest useful avenues for future research. Practitioner/Policy Implications: This study shows that reforms in general and CG reforms in particular are effective in emerging economies, which is an encouraging sign for policy makers. However, our research also suggests that it may be time for India and China to stop the encouragement for the empire building through group formation in the corporate world. For practioners, our findings suggest that firms need to balance the need for oversight with the need for advice, while selecting independent directors. [source] Oviposition preference and larval performance within a diverging lineage of lycaenid butterfliesECOLOGICAL ENTOMOLOGY, Issue 3 2004Matthew L. Forister Abstract. 1. The butterfly genus Mitoura in Northern California includes three nominal species associated with four host plants having parapatric or interdigitated ranges. Genetic analyses have shown the taxa to be very closely related, and adults from all host backgrounds will mate and produce viable offspring in the laboratory. Oviposition preference and larval performance were investigated with the aim of testing the hypothesis that variation in these traits can exist in a system in which non-ecological barriers to gene flow (i.e. geographic barriers and genetic incompatibilities) appear to be minimal. 2. Females were sampled from 12 locations throughout Northern California, including sympatric and parapatric populations associated with the four different host-plant species. Oviposition preference was assayed by confining wild-caught females with branches of all four host species and counting the number of eggs laid on each. Offspring were reared on the same host species and two measures of larval success were taken: per cent survival and pupal weight. 3. For populations associated with one of the hosts, incense cedar, the preference,performance relationship is simple: the host that females chose is the plant which results in the highest pupal weights for offspring. The preference,performance relationship for populations associated with the other hosts is more complex and may reflect different levels of local adaptation. The variation in preference and performance reported here suggests that these traits can evolve when non-ecological barriers to gene flow are low, and that differences in these traits may be important for the evolution of reproductive isolation within Mitoura. [source] The Performance of State,Owned Enterprises RevisitedFINANCIAL ACCOUNTABILITY & MANAGEMENT, Issue 4 2002Richard Bozec Many theoretical and empirical studies look at the ownership,performance relationship. So far, the literature in finance and in accounting mainly refers to the property rights, agency and public choice theories. Despite the fact that the results of these studies are more or less conclusive, it is usually considered that the private enterprise performs better than the state,owned enterprise. In this article, we argue that these studies suffer from one major limitation. They do not recognize that the goals of the state,owned enterprise are different from the ones espoused by the private firm. Using a sample of state,owned entreprises and private firms for the period 1976,1996, we present empirical evidence that the state,owned enterprises, when their main goal is to maximize profit, perform as well as the privately owned enterprises. Therefore, the alleged under,performance of the state,owned enterprises may only be the result of pursuing other goals while the poor quality of public managers may be another urban myth. [source] Is prior performance priced through closed-end fund discounts?INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, Issue 2 2010Michael Bleaney Abstract In open-end mutual funds (unit trusts), there is a strong positive cross-sectional relationship between net inflows to individual funds and past performance, as if investors attributed performance to managerial skill. Performance shows only very weak persistence, however, so at first sight investors do not appear to gain anything by responding to past performance information. This behaviour can be explained by the fact that past performance is effectively unpriced in the unit trust market, since management fees are unresponsive to demand. If investors believe that there is a non-zero probability that future performance will turn out to be positively correlated with past performance (i.e. that there is an element of managerial skill in performance), but a zero probability that this correlation will be negative, it is rational to prefer funds with better past performance when performance is not priced. In other words, it costs nothing to insure against the possibility of some managerial skill effect. If this explanation of the flow,performance relationship in unit trusts is correct, one would expect the relationship between investor demand and past fund performance to be much weaker if past performance were to be priced. We test this hypothesis in the market for closed-end funds (investment trusts). Because closed-end funds do not trade at net asset value, but at a price determined in the market, strong demand will raise the ratio of price to net asset value (known as the premium). Since it is well established that premiums are mean-reverting, future shareholder returns on funds currently on high premiums tend to be depressed by the reversion of the premium to the mean. In the closed-end fund market, as for open-end funds, there is little evidence of performance persistence, and therefore, to the extent that funds with good past performance are pushed to higher premiums, the expected return on them is less than on the average fund. This implicit pricing mechanism should mean that demand is a declining function of the premium, so that, even if demand is an increasing function of past performance for a given premium, any effect on the premium itself will be muted. We test this hypothesis for closed-end funds traded in the US and the UK. We find that there is a statistically significant effect of past performance on the premium in both countries. However, consistent with the hypothesis, it has limited economic significance, since it represents only a small component of premium variability. Copyright © 2008 John Wiley & Sons, Ltd. [source] A self-motives perspective on feedback-seeking behavior: Linking organizational behavior and social psychology researchINTERNATIONAL JOURNAL OF MANAGEMENT REVIEWS, Issue 3 2007Frederik Anseel Both the feedback-seeking literature in management and the self-motives domain in social psychology have focused on how motives affect the way in which people acquire information for self-evaluation purposes. Despite apparent conceptual similarities, the implications of research in these domains have not been fully integrated. This paper aims to link research on feedback-seeking behavior to recent theoretical developments in social psychology. First, the current perspective in management on feedback-seeking motives is depicted. Second, a well-established framework of self-motives in social psychology is introduced. Third, similarities and differences between these two motivational perspectives are discussed and a first step towards integration is proposed. Fourth, it is demonstrated how a self-motives perspective might guide future research on six key issues. Self-motives might be useful in identifying new antecedents of feedback-seeking behavior, resolving inconsistencies in the feedback-seeking literature, understanding the interplay among feedback-seeking motives, integrating feedback-seeking and feedback reactions research, examining attitudinal outcomes of feedback-seeking motives, and enhancing the feedback,performance relationship. [source] Does it pay to plan?: Strategic planning and financial performanceAGRIBUSINESS : AN INTERNATIONAL JOURNAL, Issue 3 2001Gregory A. Baker Previous research on the effects of strategic planning on firm performance has yielded inconsistent and inconclusive findings. In this study, we use a recently validated measurement model of strategic planning to examine the planning-performance relationship in the California processing tomato industry. Results indicate a strong correlation between the degree of emphasis firms place on strategic planning and financial performance. Moreover, several specific strategic planning tools, specifically, the use of a mission statement, long-term goals, and ongoing evaluation, were also more heavily emphasized by high-performing firms. These results suggest that strategic planning does pay off in terms of improved financial performance and that some planning tools may have a significant impact. [Econ-Lit citations: L100, L660] © 2001 John Wiley & Sons, Inc. [source] Preference,performance relationship and influence of plant relatedness on host use by Pityogenes chalcographus L.AGRICULTURAL AND FOREST ENTOMOLOGY, Issue 4 2009Coralie Bertheau Abstract 1Pityogenes chalcographus L. (Coleoptera: Scolytinae) causes damage in European coniferous forests, primarily on Picea abies L. Karst., but is also recorded on other native and exotic Pinaceae species. Estimating the adequacy between adult preference and larval performance of this beetle among its host-range, as well as the influence of plant taxonomic relatedness on these parameters, would provide useful information on the beetle's ability to shift onto novel hosts. 2Choice and no-choice assays were conducted under laboratory conditions. Adult preference and larval performance parameters among two native (Pinus sylvestris L. and Picea abies) and three exotic north American [Pinus contorta Dougl., Picea sitchensis (Bong.) Carr. and Pseudotsuga menziesii Mirbel (Franco)] conifer species were measured. 3Pityogenes chalcographus exhibited a significant positive relationship between preference and performance. Picea abies was both the preferred and the most suitable host species for larval development. The closest relative, P. sitchensis, was the second best choice in terms of preference and performance. Pseudotsuga menziesii occupied an intermediate position for both beetle preference and performance, and Pinus spp. were the least suitable hosts for beetle development. 4Adult preference and larval performance ranking among hosts provides little support to the plant taxonomic relatedness hypothesis. Taxonomic relatedness could play a role on the diet breadth, although only at a limited scale, within the genus Picea. At higher taxonomic levels, other factors such as bark thickness might be decisive. [source] Improving performance through vertical disintegration: evidence from UK manufacturing firmsMANAGERIAL AND DECISION ECONOMICS, Issue 5 2009Panos DesyllasArticle first published online: 24 NOV 200 Unlike previous work on the vertical integration,performance relationship, we investigate the performance consequences of vertical disintegration. We offer a theoretical justification for the disintegration decision and we condition the disintegration effect on performance on the initial degree of firm integration, the timing and the direction of disintegration. Using a sample of UK manufacturing firms and controlling for disintegration endogeneity, we find that disintegration eventually results in improved operating performance, particularly when disintegration occurs as a reaction to poor performance and in cases of forward between-sector disintegration. However, being highly integrated does not guarantee gains from disintegration. The implications of these findings are discussed. Copyright © 2008 John Wiley & Sons, Ltd. [source] SATISFACTION, CITIZENSHIP BEHAVIORS, AND PERFORMANCE IN WORK UNITS: A META-ANALYSIS OF COLLECTIVE CONSTRUCT RELATIONSPERSONNEL PSYCHOLOGY, Issue 1 2010DANIEL S. WHITMAN This paper offers theoretical development clarifying the structure and function of collective job satisfaction and uses meta-analytic methods (k,= 73) to examine the satisfaction,performance relationship when both constructs are construed at the work unit level. Overall, our results suggest that the relationship between unit-level job satisfaction and unit-level performance is significant (,= .34). Specifically, significant relationships were found between unit-level job satisfaction and unit-level criteria, including productivity, customer satisfaction, withdrawal, and organizational citizenship behaviors (OCB). Furthermore, the satisfaction-performance relationship was moderated by the strength of unit consensus, performance criteria, industry type, and whether the sample was U.S. based. Although these moderators were identified, collective satisfaction positively predicted performance across all levels of moderators. In addition, results indicate that unit-level OCB has a moderately strong relationship with unit-level performance. Only limited support was found for the notion that OCB is a route through which satisfaction has an impact on performance. We elaborate on these findings and attempt to provide a more clear direction for future research in this area. [source] MEASUREMENT ERROR IN RESEARCH ON HUMAN RESOURCES AND FIRM PERFORMANCE: ADDITIONAL DATA AND SUGGESTIONS FOR FUTURE RESEARCHPERSONNEL PSYCHOLOGY, Issue 4 2001PATRICK M. WRIGHT Gerhart and colleagues (2000) and Huselid and Becker (2000) recently debated the presence and implications of measurement error in measures of human resource practices. This paper presents data from 3 more studies, 1 of large organizations from different industries at the corporate level, 1 from commercial banks, and the other of autonomous business units at the level of the job. Results of all 3 studies provide additional evidence that single respondent measures of HR practices contain large amounts of measurement error. Implications for future research into the HR firm performance relationship are discussed. [source] MEASUREMENT ERROR IN RESEARCH ON THE HUMAN RESOURCES AND FIRM PERFORMANCE RELATIONSHIP: FURTHER EVIDENCE AND ANALYSISPERSONNEL PSYCHOLOGY, Issue 4 2000BARRY GERHART Our earlier article in Personnel Psychology demonstrated how general-izability theory could be used to obtain improved reliability estimates in the human resource (HR) and firm performance literature and that correcting for unreliability using these estimates had important implications for the magnitude of the HR and firm performance relationship. In their comment, Huselid and Becker both raise criticisms specific to our study and broad issues for the field to consider. In our present article, we argue, using empirical evidence whenever possible, that the issues and criticisms raised by Huselid and Becker do not change our original conclusions. We also provide new evidence on how the reliability of HR-related measures may differ at different levels of analysis. Finally, we build on Huselid and Becker's helpful discussion of broad research design and strategy issues in the HR and firm performance literature in an effort to help researchers make better informed choices regarding their own research designs and strategies in the area. [source] Comparative Analysis of Ownership Transformation and Performance Relationship among Major and Regional Banks in AustraliaTHE AUSTRALIAN ECONOMIC REVIEW, Issue 2 2006Kandiah Jegasothy This article attempts to clarify existing doubts with respect to the performance of private and privatised banks versus public banks; that is, it is an attempt to clarify the ownership,performance relationship. The analysis takes explicit account of the privatisation transformation, including its intermediary stage, and the status of the economy. The ownership,performance model is estimated using cross-sectional time-series data and is used to test the influence of ownership changes on performance. Alternative performance measures are considered. The empirical findings show that ownership transformation in the case of regional banks has resulted in improved performance, whilst the benefits in the case of major banks were not significant, even though these banks have become more competitive. [source] Modelling and economic analysis of gas production from hydrates by depressurization methodTHE CANADIAN JOURNAL OF CHEMICAL ENGINEERING, Issue 1 2002Santanu Khataniar Abstract Gas production from a hydrate reservoir involves decomposition of the solid hydrate. An analytical model is developed to predict reservoir performance for gas production by the depressurization method from a hydrate reservoir containing associated free gas. The model is developed by combining the intrinsic kinetics of hydrate decomposition, which is of interest to chemical engineers, with gas inflow performance relationship and material balance equations. An economic analysis model is also developed and incorporated with the reservoir performance model. These models are used in a case study of gas production from a hydrate reservoir in the Alaskan North Slope. The results show that gas transportation cost is the main factor controlling feasibility of commercial gas production. The hydrate zone contributes significantly to overall reservoir performance by arresting pressure decline and maintaining gas production rate. La production de gaz à partir d'un réservoir d'hydrates fait intervenir la décomposition d'hydrates solides. On a mis au point un modèle analytique afin de prédire la performance du réservoir pour la production de gaz par la méthode de la dépressurisation à partir d'un réservoir d'hydrates contenant un gaz libre associé. Dans ce modèle, on combine les cinétiques intrinsèques de la décomposition des hydrates, ce qui est intéressant pour les ingénieurs chimistes, avec la relation de performance du débit de gaz et les équations de bilans de matière. Un modèle d'analyse économique a également été élaboré et incorporé au modèle de performance du réservoir. Ces modèles sont utilisés dans une étude de cas sur la production de gaz à partir d'un réservoir d'hydrates du North Slope d'Alaska. Les résultats montrent que le couCt du transport de gaz est le principal facteur qui conditionne la faisabilité de la production commerciale de gaz. La région des hydrates contribue considérablement à la performance globale du réservoir en stoppant la chute de pression et en maintenant la vitesse de production de gaz. [source] Competition from Specialized Firms and the Diversification,Performance LinkageTHE JOURNAL OF FINANCE, Issue 2 2008JUAN SANTALO ABSTRACT In this study, we show that the effect of diversification on performance is not homogeneous across industries and explore analytically and empirically the implications of this finding for the diversification literature. Diversified firms perform better in industries with a small number of nondiversified competitors or, equivalently, when specialized firms have a small combined market share, but worse as the presence of specialized firms increases in the industries in which they compete. The results are robust to the use of methods that alleviate the self-selection problem and call for a reassessment of the diversification,performance relationship. [source] NPD Planning Activities and Innovation Performance: The Mediating Role of Process Management and the Moderating Effect of Product InnovativenessTHE JOURNAL OF PRODUCT INNOVATION MANAGEMENT, Issue 4 2007Sören Salomo The aim of this study is to investigate the effects of planning and control on the performance of new product development (NPD) projects. It is hypothesized that (1) thorough business planning at the beginning of a project creates a basis for proficient project and risk planning; (2) the proficiency of project planning, risk planning, and process management activities each improves innovation performance directly; (3) the relationship of planning and success is mediated by process management; and (4) the strength of these relationships is moderated by uncertainty, as determined by the degree of innovativeness. To test the hypotheses, data from 132 NPD projects were collected and analyzed. A measurement model was used to establish valid and reliable constructs, a path model to test the main effects, and a multiple-moderated regression analysis for the moderator hypotheses. The results suggest that the proficiency of project planning and process management is important predictors of NPD performance. Specifically, project risk planning and goal stability throughout the development process are found to enhance performance significantly. Business planning proves to be an important antecedent of the more development-related planning activities such as project planning and risk planning. Additionally, the results lend support to the hypotheses regarding the mediating role of process management in the planning,performance relationship. Project planning and risk planning support the quality of process management and thus impact NPD performance indirectly. Only to a limited extent are the strengths of these relationships moderated by the degree of innovativeness of the NPD project. [source] The Performance Impact of Content and Process in Product Innovation ChartersTHE JOURNAL OF PRODUCT INNOVATION MANAGEMENT, Issue 1 2007Chris Bart The significance of product innovation charters (PICs) cannot be overemphasized, as they provide understanding and a tool for setting organizational goals, charting strategic direction, and allocating resources for new product portfolios. In a unique way, a PIC represents a sort of mission statement mutation for new products. With the backdrop of strategy formulation and product innovation literatures, this article investigates the impact of both content specificity within PICs and satisfaction with the PIC formulation process on new product performance in North American corporations. A survey was undertaken among executives knowledgeable about their organization's new product development process. The respondents included chief executive officers, vice presidents, directors, and managers. The findings demonstrate that significant differences exist both in PIC content specificity and process satisfaction between highly innovative and low innovative firms. The study also shows that PIC specificity in terms of the factors mission content and strategic directives positively influences new product performance. Further, the study demonstrates that satisfaction with the process of formulating PICs plays a positive and powerful mediating role in the PIC specificity,performance relationship. The results suggest that product innovation charters, like their mission statement cousins, may be of more value than most managers realize. The study shows that achieving a state of organizational satisfaction with a PIC's formulation process is critical for obtaining better new product performance. Directions for future research also are suggested. [source] | ||||||||||||||||||||||||||||