The global “war for talent”

In this paper we examine the “global war for talent,” the factors that impact it, and organizations' responses to it. Using a comprehensive search of more than 400 contemporary academic and business press articles, the paper reviews relevant research and reassesses the “talent war.” We posit that the dominant approaches to the “talent war” based on a scarcity state of mind and action, often characterized by a tactical and exclusive top talent or “star” focus, are being challenged by the emergence of a more evolutionary paradigm. This new paradigm adopts more strategic, innovative, cooperative and generative approaches which we describe as creative ‘talent solutions.’ The paper also highlights implications for future research, teaching and development in the field.     

A Reply to Williamson's “Outsourcing …”

A recent article by Oliver Williamson essentially comprises a critique of supply chain management (SCM) from the perspective of his own field, transaction‐cost economics. Here is one reader's response. SCM can indeed be faulted for inflated rhetoric, among other sins. I believe, however, that the two fields have much to learn from each other.     

Remitting Behaviour of “Temporary” and “Permanent” Migrants: The Case of Greeks in Germany and Australia

This paper makes the point that migrants have different motives for sending remittances and remittance receivers have different claims on migrants' income, depending on whether people move to accumulate capital to improve their living at home after they return — temporary migration — or to start a new life in a foreign country — permanent migration. This hypothesis is empirically tested with data from Greek–German and Greek–Australian migration. The findings attest to the fact that German remittances constitute obligatory income streams to close family at home, while Australian remittances are gifts. Some quantitative estimates of the relative impact of individual factors on remittances are also obtained. Some hints are also given for a changing remitting behaviour of Greek migrants in Germany, along with the changing character of migration in that country.     

Note on “The Backroom Effect in Retail Operations”

Eroglu et al. (2013) study a retailer with limited shelf capacity and a backroom. They study a continuous review (r, q) ordering policy with a known order quantity, q. Assuming that backorders can be satisfied from the backroom inventory (if available), they find the expression for the optimal reorder level, r. Our work builds on Eroglu et al. (2013). We correct an erroneous derivation of the expected overflow term, as well as derive an exact expression for the expected cost function, and hence optimal reorder level, instead of the approximate one used by Eroglu et al. (2013).     

Comment on “The Law of Large Demand for Information”

Say that one information structure is eventually Blackwell sufficient for another if, for every large enough n, an n‐sample from the first is Blackwell sufficient (Blackwell (1951, 1954)) for an n‐sample from the second. This note shows that eventual Blackwell sufficiency lies strictly between (one‐shot) Blackwell sufficiency and the ordering of information structures formulated by Moscarini and Smith (2002), and thus offers a new criterion for comparing experiments. A characterization of eventual Blackwell sufficiency in terms of the one‐shot experiments remains an open question.     

“What—Me Worry?”1“Why So Serious?”:2 A Personal View on the Fukushima Nuclear Reactor Accidents

Infrequently, it seems that a significant accident precursor or, worse, an actual accident, involving a commercial nuclear power reactor occurs to remind us of the need to reexamine the safety of this important electrical power technology from a risk perspective. Twenty‐five years since the major core damage accident at Chernobyl in the Ukraine, the Fukushima reactor complex in Japan experienced multiple core damages as a result of an earthquake‐induced tsunami beyond either the earthquake or tsunami design basis for the site. Although the tsunami itself killed tens of thousands of people and left the area devastated and virtually uninhabitable, much concern still arose from the potential radioactive releases from the damaged reactors, even though there was little population left in the area to be affected. As a lifelong probabilistic safety analyst in nuclear engineering, even I must admit to a recurrence of the doubt regarding nuclear power safety after Fukushima that I had experienced after Three Mile Island and Chernobyl. This article is my attempt to “recover” my personal perspective on acceptable risk by examining both the domestic and worldwide history of commercial nuclear power plant accidents and attempting to quantify the risk in terms of the frequency of core damage that one might glean from a review of operational history.     

Note on “many-sided shadow prices”

It has been previously shown, with the aid of a simple example, that linear programmes may have two different non-negative marginal values at the optimum if the solution is degenerate. It is demonstrated in this note that other marginal values exist which may take negative values.     

Response to “Revisiting ISO 14000 Diffusion: A New ”Look“ at the Drivers of Certification”

In Corbett and Kirsch (2001), we used a simple regression in an exploratory investigation of drivers of global diffusion of ISO 14000 certification. We found that ISO 9000 certification levels, environmental treaties ratified, and exports as a proportion of GDP were the main significant variables, where the environmental measure may be moderated by GDP per capita. In his replication study, Vastag (2004, in this issue) analyzes the same data using more visual techniques, specifically regression trees, and finds support for the significance of ISO 9000 certification levels and environmental treaties ratified, but not for export‐propensity. Vastag raises a number of relevant methodological issues, to which we add some perspectives here.