Codes of conduct in Hong Kong organisations

This paper first reviews the literature on the role of codes of conduct for organisations in Hong Kong in their attempts to manage increasingly complex ethical problems and issues. It shows that, although valuable foundations exist upon which to build, research and understanding of the subject is at it's embryonic stage. Social Psychology literature is examined to investigate what lessons those concerned with the study of ethics may learn and the work of Hofstede, as seminal in the area of work-related values, is emphasised in this context.Following Hofstede's proposals for strategies for operationalizing¹ constructs about human values, a content analysis² was conducted on a pilot sample of codes provided by Hong Kong organisations. The results show three clearly identified clusters of organisations with common formats. The first group, described as Foreign Legal, emphasises legal compliance, has criteria for invoking penalties and consists of foreign-owned, large multinational organisations. Companies in the second cluster have codes which, except in the case of a couple of larger organisations, mainly follow the Independent Commission Against Corruption's (ICAC) standard format. The third cluster, described as the Bank Network, also appear to largely conform to a format: the Hong Kong Banking Association's guidelines.Further analysis conducted here of the Hong Kong codes indicates the important role of emic teleological values³, such as trust and reputation, amongst indigenous organisations, rather than the amorality suggested by an earlier study (Dolecheck and Bethke, 1990). These results support the proposition that Hong Kong ethical perspectives are culture bound⁴, as there appear to be different emphases than revealed in an American study (Stevens, 1994), which identified an emphasis in the US codes upon introverted organisational issues and a failure to espouse deontological values⁵.The conclusion is that designing a research programme on business values in Hong Kong requires reference to studies of values in cross-cultural psychology generally and to Hofstede's work in particular. It also supports the need for indigenous research and models in this field which avoid the ethnocentrism inherent in much Western theory and research.     

Mind Engineering for Value-Based Order

This paper tries to trace the background of the modern business paradigm. A business mind dominating the social mind has been the root cause of unethicality in an order, according to this paper. The solution could come from the liberation of the social mind through a process of mind engineering at the individual level. The paper suggests an active mechanism to inculcate values through a systematic process of mind engineering.     

Acccounting and Volksgeist – Teritorial Claims on Accounting Regulation

In this paper, it is argued that international diversityin the rules governing corporate accountability is afunction of the desire to preserve local jurisdictionsby maintaining national distinctiveness. Successiveattempts at regulatory harmonisation in Europe havemet considerable resistance, starting with Savignysappeal to the spirit of the people (Volksgeist)and ending with the notion of subsidiarity. In thispaper, territorial claims on regulation are exploredin the context of the rules governing asset revaluation,where there are still almost as many required methodsof accounting in the European Union as there aremember states. The paper rejects the conventionalexplanation that such differences are culture-bound,and instead suggests that the continued existence ofnational rules in accounting reflects the pursuit ofautonomy by individual states and the self-interestof national regulators.     

Division of Labour and the Locus of Inventive Activity

This paper argues that modularity of knowledge andtechnologies has important implications for the locusof inventive activities. This is because modularityallows for a separation of the innovation process intwo main activities: The production of basic(standardised) modules, and their combination toproduce variants of technologies or product designsthat are better suited to the special needs ofindividual users or markets. This gives rise to adivision of labour whereby the production of moduleswill be performed by specialised upstream suppliers(who enjoy economies of scale), while the combinationof modules will be performed by firms furtherdownstream or by the users themselves. We then suggestthat this pattern can explain a variety of phenomenasuch as why users co-produce their innovations, andhow small regions can support innovative activitydespite the apparent efficiency advantage of largerregions.     

Circadian Rhythm and the Business Person

Each human being has an internal timekeeping mechanism. To date, over 100 so-called circadian rhythms have been detected. Perhaps the most significant is body temperature. There is an apparent connection between this rhythm and the efficiency with which we do things in the course of the working day. Within individuals, patterns have been discovered which give credence to the popular notions of a morning or an afternoon person, and so on. Our memory changes from morning to afternoon: short-term memory is stronger in the morning, and long-term memory stronger in the afternoon; in schools, morning students have higher grades than students who have other time-of-day preferences. Therefore, a strong case can be made in support of flexible time schedules. It is reported that productivity went up on the introduction of such a scheme. Employee stress has been seen to decline also. When flextime was offered, parents with small children took advantage of the benefit as well as unmarried employees. The only drawback is ensuring that, with so many individual variations in preferences, the needs of the company are fully met. If such a scheme can be devised, however, the research suggests that productivity and efficiency will increase.     

Religious Business Ethics as Interpretation: A Jewish Perspective

This paper examines the method of Jewish business ethics. MichaelWalzer, in his work, Interpretation and Social Criticism (1987), suggeststhree common and important approaches to moral philosophy. He labels thesethe path of discovery, the path of invention, and the path ofinterpretation. The first part of this paper argues that Jewish businessethics is best thought of in terms of interpretation. Without question, thereligious ethicist immediately recognizes Walzers metaphor of the moralworld as a home occupied by a single family over many generations... as his own. Ethical arguments from a Jewish perspective must of necessityhave a lived-in quality and always make reference to and are based on thememory-laden objects and artifacts. The second part of the paper exploressome of the implications of Jewish business ethics as interpretation.     

Vietnam’s economy: Achievements and perspective

In last several years, Vietnams economy has reached significant achievements. Those are clearly seen by analyzing economic growth, economic structure transformation, trade and investment and Vietnams economy competitiveness. However, in the process of development, Vietnams economy is still facing many difficulties and challenges. Vietnam is accelerating speed of innovation process, is active and quicker in international economic integration in order to complete the economic – social objectives in the period of 2001–2005 with annual average economic growth rate of 7.5%.     

A Further Improved Approximation Algorithm for Breakpoint Graph Decomposition

Breakpoint graph decomposition is a crucial step in all recent approximation algorithms for SORTING BY REVERSALS, which is one of the best-known algorithmic problems in computational molecular biology. Caprara and Rizzi recently improved the approximation ratio for breakpoint graph decomposition from to + 1.4348 + , for any positive . In this paper, we extend the techniques of Caprara and Rizzi and incorporate a balancing argument to further improve the approximation ratio to + 1.4193 + , for any positive . These improvements imply improved approximation results for SORTING BY REVERSALS for almost all random permutations.     

On Shortest k-Edge-Connected Steiner Networks in Metric Spaces

Given a set of points P in a metric space, let l(P) denote the ratio of lengths between the shortest k-edge-connected Steiner network and the shortest k-edge-connected spanning network on P, and let r = inf l(P) P for k 1. In this paper, we show that in any metric space, r 3/4 for k 2, and there exists a polynomial-time -approximation for the shortest k-edge-connected Steiner network, where = 2 for even k and = 2 + 4/(3k) for odd k. In the Euclidean plane, and .     

Efficient Heuristics for Orientation Metric and Euclidean Steiner Tree Problems

We consider Steiner minimum trees (SMT) in the plane, where only orientations with angle , 0 i – 1 and an integer, are allowed. The orientations define a metric, called the orientation metric, , in a natural way. In particular, ₂ metric is the rectilinear metric and the Euclidean metric can beregarded as metric. In this paper, we provide a method to find an optimal SMT for 3 or 4 points by analyzing the topology of SMT's in great details. Utilizing these results and based on the idea of loop detection first proposed in Chao and Hsu, IEEE Trans. CAD, vol. 13, no. 3, pp. 303–309, 1994, we further develop an O(n²) time heuristic for the general SMT problem, including the Euclidean metric. Experiments performed on publicly available benchmark data for 12 different metrics, plus the Euclidean metric, demonstrate the efficiency of our algorithms and the quality of our results.     

Government spending on research and development and industrial production in Singapore

The role of government policies in the economic growth of Singapore has been well documented. The governments actions, such as the provision of appropriate infrastructure, have resulted in massive inflow of foreign capital to Singapore. Government sponsorship of selected industries and foreign investment helped domestic firms to gain access to advanced technologies. During the 1990s there was a significant increase in government spending on research and development (R&D) that can be attributed to the development of advanced technologies by Singaporean firms. This paper examines the impact of government-funded R&D in fostering the development of Singapores industrial production in the 1990s. The study explicitly considers the performance of three industries within the manufacturing sector: the machinery and equipment industry, the electrical machinery industry, and the transport equipment industry. It is shown that the fluctuations in real government spending on R&D had a significant positive impact on the performance of the selected manufacturing industries.     

Contracting Out and Trust in the Public Sector: Cases of Management from Hong Kong

Contracting out generates competition and market discipline that is expected help reduce cost and improve the quality of the services. Several problems were detected in contract management of the Hong Kong Housing Authority and they were related to decision-making, monitoring, evaluation and the system of accountability. An examination based on the principal-agent perspective reveals several pitfalls of contracting out in the public sector. A lack of coordination, eagerness to cut costs by accepting the lowest tender bids, improper project supervision, and inadequate manpower resulted in serious problems. This paper suggests a more careful approach to the award of contracts, monitoring and quality assurance as well as the inculcation of a spirit of trust and cooperation between the principal and agent, instead of the customary adversarial approach.     

Unleashing and Combining the Wisdom: Rapid,Whole-Systems Change in Public Organizations

This article describes an approach called Whole-Scale Change, a large group process that appears to have helped others achieve dramatic, sustainable results in their organization or communities. It describes the possibilities for applying the predictable processes and the critical elements of Whole-Scale Change to achieve rapid, whole-system solutions in todays complex environment of public organizations.     

A comparative study of U.S. and Iraqi students

This study uses a sample comprised of U.S. students and Iraqi students to determine if differences occur over ethical perceptions based on cultural/demographic issues. Irrespective of demographics, the results of this study indicate significant cultural differences between Iraqi students and American students with regard to selected ethical issues concerning graduate education. Specifically the differences occurred in the students' perceptions of winning is everything, selling one's soul, logic before emotion, and pander to professors. Iraqi students consistently viewed these beliefs as more necessary for success in their graduate education than did their American counterparts.     

Optimal Augmentation of a 2-Vertex-Connected Multigraph to a k-Edge-Connected and 3-Vertex-Connected Multigraph

Given an undirected multigraph G = (V, E) and two positive integers and k, we consider the problem of augmenting G by the smallest number of new edges to obtain an -edge-connected and k-vertex-connected multigraph. In this paper, we show that the problem can be solved in Õ(mn²) time for any fixed and k = 3 if an input multigraph G is 2-vertex-connected, where n = |V| and m is the number of pairs of adjacent vertices in G.     

Context in the Risk Assessment of Digital Systems

As the use of digital computers for instrumentation and control of safety-critical systems has increased, there has been a growing debate over the issue of whether probabilistic risk assessment techniques can be applied to these systems. This debate has centered on the issue of whether software failures can be modeled probabilistically. This paper describes a context-based approach to software risk assessment that explicitly recognizes the fact that the behavior of software is not probabilistic. The source of the perceived uncertainty in its behavior results from both the input to the software as well as the application and environment in which the software is operating. Failures occur as the result of encountering some context for which the software was not properly designed, as opposed to the software simply failing randomly. The paper elaborates on the concept of error-forcing context as it applies to software. It also illustrates a methodology which utilizes event trees, fault trees, and the Dynamic Flowgraph Methodology (DFM) to identify error-forcing contexts for software in the form of fault tree prime implicants.     

An Edge-Splitting Algorithm in Planar Graphs

For a multigraph G = (V, E), let s V be a designated vertex which has an even degree, and let _G (V – s) denote min{c _G(X) | Ø X V – s}, where c _G(X) denotes the size of cut X. Splitting two adjacent edges (s, u) and (s, v) means deleting these edges and adding a new edge (u, v). For an integer k, splitting two edges e ₁ and e ₂ incident to s is called (k, s)-feasible if _G(V – s) k holds in the resulting graph G. In this paper, we prove that, for a planar graph G and an even k or k = 3 with k _G (V – s), there exists a complete (k, s)-feasible splitting at s such that the resulting graph G is still planar, and present an O(n ³ log n) time algorithm for finding such a splitting, where n = |V|. However, for every odd k 5, there is a planar graph G with a vertex s which has no complete (k, s)-feasible and planarity-preserving splitting. As an application of this result, we show that for an outerplanar graph G and an even integer k the problem of optimally augmenting G to a k-edge-connected planar graph can be solved in O(n ³ log n) time.     

Improved Dynamic Programming in Connection with an FPTAS for the Knapsack Problem

A vector merging problem is introduced where two vectors of length n are merged such that the k-th entry of the new vector is the minimum over of the -th entry of the first vector plus the sum of the first k – + 1 entries of the second vector. For this problem a new algorithm with O(n log n) running time is presented thus improving upon the straightforward O(n ²) time bound.The vector merging problem can appear in different settings of dynamic programming. In particular, it is applied for a recent fully polynomial time approximation scheme (FPTAS) for the classical 0–1 knapsack problem by the same authors.     

Beyond New Public Management. Answering the Claims of both Politics and Society

New Public Management held the promise of changing traditional bureaucracies into a results-oriented and transparent form of government. Though many of the principles of NPM are being implemented as a way of thinking about government it has been largely discredited. This paper gives examples from Switzerland and The Netherlands where the premises of NPM have either explicitly or implicitly been rejected. The paper concludes by suggesting reasons that led to the decline of NPM and concludes by offering a conceptual restart of public administrative reform. This is based on a constructive mix between aspects of NPM and traditional administration, leading to a New Public Administration.     

The Elevation of the Elite: Historical Trends and Complicity of the Masses

A small group of citizens wields significant influence in the corporate, political, and military realms of American society. This group is known in the literature as the elite. Looking at the disparity between the elite and the masses of society in terms of education, wealth, and political power, one might surmise a conspiracy against fundamental democratic principles of equality, justice, and economic fair play. This article addresses non-conspiratorial cultural-contextual factors of history, social structure, media, psychology, education, and the marketplace contributing to the elites existence. It is concluded that non-conspiratorial factors play a primary role in their rise to global influence.