Transforming resources to improve performance of technology-based firms: A Taiwanese Empirical Study

This study analyzes how firms transform resources into performance, and proposes that dynamic capabilities serve as a link for transforming internal and external resources first into firm competitiveness, and then into financial performance. One hundred and ninety-six Taiwanese technology-based firms are adopted as a research sample. The resource-based view of the firm, social capital theory, and dynamic capabilities are integrated to formulate a comprehensive framework for explaining the performance variation of technological-based firms. Analytical results demonstrate that technological-based firms can transform their resources into profit via dynamic capabilities and competitiveness.     

A Quantitative Assessment of the Risk for Highly Pathogenic Avian Influenza Introduction into Spain via Legal Trade of Live Poultry

Highly pathogenic avian influenza (HPAI) is considered one of the most important diseases of poultry. During the last 9 years, HPAI epidemics have been reported in Asia, the Americas, Africa, and in 18 countries of the European Union (EU). For that reason, it is possible that the risk for HPAI virus (HPAIV) introduction into Spain may have recently increased. Because of the EU free‐trade policy and because legal trade of live poultry was considered an important route for HPAI spread in certain regions of the world, there are fears that Spain may become HPAIV‐infected as a consequence of the legal introduction of live poultry. However, no quantitative assessment of the risk for HPAIV introduction into Spain or into any other EU member state via the trade of poultry has been published in the peer‐reviewed literature. This article presents the results of the first quantitative assessment of the risk for HPAIV introduction into a free country via legal trade of live poultry, along with estimates of the geographical variation of the risk and of the relative contribution of exporting countries and susceptible poultry species to the risk. The annual mean risk for HPAI introduction into Spain was estimated to be as low as 1.36 × 10⁻³, suggesting that under prevailing conditions, introduction of HPAIV into Spain through the trade of live poultry is unlikely to occur. Moreover, these results support the hypothesis that legal trade of live poultry does not impose a significant risk for the spread of HPAI into EU member states.     

Eco-Six Sigma: integration of environmental variables into the Six Sigma technique

The impressive results achieved by several companies through the Six Sigma technique have motivated other organisations to follow their footsteps in search for competitiveness. As noticed in the literature, most Six Sigma projects in manufacturing have aimed to obtain process enhancements, focusing mostly on optimising product cycle times with almost none taking into consideration environmental aspects as part of their developments. Furthermore, organisations have been worrying worldwide about environmental issues, seeking to foster their eco-efficiency. As a result, the main objective of this paper is to formally introduce the environmental considerations into the Six Sigma technique by proposing a procedure to incorporate environmental variables into the DMAIC process as a way to increase the eco-efficiency level of the firms. Based on the literature review, a conceptual procedure to incorporate environmental variables into the Six Sigma DMAIC technique is proposed. To verify its possible application to real-life situations an action research was developed and could verify that the traditional Six Sigma approach (dealing only with the manufacturing process variables) was capable of improving the eco-efficiency level of the process area under study by 11%. The consideration of the environmental variables as part of the DMAIC technique as per the proposed approach allowed an additional 20% gain, which demonstrates its adequacy to increase the eco-efficiency level of the manufacturing area under evaluation.     

中国管理学建构与演化——基于哲学四分法与管理文化结构的推演

按照事物存在与运行的"一分为四"法则,管理作为事物运动的形式是由分构运动、竞构运动、转化运动与整合运动所构成的。历史演进中的中国(管理)文化观是注重整体性、运行和合机制的合一观,欧美(管理)文化观是注重结构性、运行分竞机制的分构观。由欧美文化缘起,东西方文化融合的现代科学文化观与科学管理观是注重系统性、运行整分合机制的结构观。基于中国管理文化的存行结构和中国企业管理存行的现实,中国管理学应以管理过程结构观为核心理念,以管理过程"分竞转合"的四分法则为结构方法,以"和谐管理"的优先设计与能动演化为路径方法,来实现其在中国的建构和演化。     

聚类视角下的差异工件平行机批调度问题

从聚类角度研究差异工件批调度这一组合优化问题.论证了差异工件的分批问题实质为一种广义聚类问题,为求解批调度问题提供了一个全新的途径.提出了批的空间浪费比的概念,将最小化批的总加工时间目标变换为最小化批的加权空间浪费比,从而可以更容易地寻找启发式信息指导分批过程,两者的等价性也在文中给出了证明.此外,以批的空间浪费比为基...     

General Probability‐Time Tradeoff and Intertemporal Risk‐Value Model

This article proposes an intertemporal risk‐value (IRV) model that integrates probability‐time tradeoff, time‐value tradeoff, and risk‐value tradeoff into one unified framework. We obtain a general probability‐time tradeoff, which yields a formal representation form to reflect the psychological distance of a decisionmaker in evaluating a temporal lottery. This intuition of probability‐time tradeoff is supported by robust empirical findings as well as by psychological theory. Through an explicit formalization of probability‐time tradeoff, an IRV model taking into account three fundamental dimensions, namely, value, probability, and time, is established. The object of evaluation in our framework is a complex lottery. We also give some insights into the structure of the IRV model using a wildcatter problem.     

Deferred life annuities: on the combined effects of stochastic mortality and interest rates

The paper analyzes the systematic risk which is inherent in a portfolio of deferred life annuities. We take into account stochastic mortality as well as stochastic interest rates. For the specification of the mortality rate dynamics, we consider a pure diffusion model as well as a compound Poisson jump model. The interest rate dynamics are given by a one-factor Hull–White model. All models, interest rate and mortality rate, are calibrated to financial market as well as demographic data. We use Monte Carlo simulations to approximate the variance of the discounted cash flow and its decomposition into a pooling and a non-pooling risk part. We also consider pricing effects using the principle of zero expected utility and the quantile principle. The estimated risk premiums are benchmarked to the equivalence premium. Finally, we focus on solvency requirements which are based on the investment decisions and the associated shortfall probability of the annuity provider.     

The Effect of Competition on R&D Portfolio Investments

Although project portfolio management has been an active research area over the past 50 years, budget allocation models that consider competition are sparse. Faced with the competition, firms contemplating budget allocation for their project portfolio cannot limit their attention to the returns from their projects' target markets, as is the case for monopoly firms, but must also anticipate the competitive effects on these returns. Assuming firms allocate their budgets between projects offering incremental innovation targeting a mature market and projects offering radical innovation targeting an emerging market, we show that while the monopoly firm bases its budget allocation decision solely on the marginal returns of the markets, competing firms—as they take into account their counterparts' investment decisions—need to also consider the projects' average returns from their respective markets. This drives competing firms into incrementalism: faced with competition, firms invest larger portions of their budgets into projects targeting mature markets. This effect is amplified as the number of competing firms increases and firms allocate an even greater share of their budget into projects targeting a mature market. We further demonstrate the effects that changes to firms' individual budgets, as well as to market characteristics, have on firms' budget allocation decision.     

加入WTO后的中国:调整、改革与竞争力的提升

经过长达十几年的艰苦谈判之后 ,中国终于在２００１年年末正式加入了ＷＴＯ。事先人们对中国加入ＷＴＯ所面临机遇和挑战的种种分析和预言 ,正在被实践所检验。在加入ＷＴＯ后的新形势下 ,有些情况是原先预料到的 ,有些情况原先估计不足 ,还有的情况是新出现的。中国正处在加入ＷＴＯ后的初期 ,加入ＷＴＯ对中国经济影响哪些是短期的 ,哪些是长期的 ,哪些是表层的 ,哪些是潜在的 ,哪些是比较确定的 ,哪些是不大确定的 ,仍然有必要依据中国加入ＷＴＯ的协议条款和变化了的国际国内形势 ,做出进一步接近实际的估计和判断。尤为重要的是 ,中国…     

Facial appearance and leadership: An overview and challenges for new research

There is plenty of evidence showing that facial features predict success in politics, business and the military. Some of the papers providing this evidence are related to selection into leadership positions, others into how facial features predict performance in such a position. The purpose of this introduction is to provide an overview of The Leadership Quarterly special issue on Facial Appearance and Leadership, as well as to discuss the use of good looks as a heuristic, and difficulties related to establishing causal relationships in this area of research.     

SHAREHOLDER LIMITED LIABILITY AND MEAN-VARIANCE MODELS OF CAPITAL STRUCTURE*

This paper demonstrates that shareholder limited liability imposes a restriction on corporate borrowing and that failure to incorporate this restriction into the analysis yields the “reductio ad absurdum” argument against mean-variance models of optimal capital structure. With corporate income taxes and costless bankruptcy, the firm's value is a monotonically increasing function of debt as long as the amount of debt does not exceed the upper limit imposed by shareholder limited liability. As a result, the introduction of costly bankruptcy into the mean-variance framework is justified.     

The Cohort Size‐Wage Relationship in Europe

This paper estimates the impact of cohort size on wages using data on young males in European regions covering 2004–10. The effect of cohort size on wages is identified through an instrumental variables strategy which, in contrast to previous analyses of European data, addresses self‐selection into geographical areas as well as into educational groups. The results suggest that cohort size has a significant negative effect on male wages for individuals with secondary education — the largest group — but not for individuals with less than secondary education or tertiary education. This effect is underestimated if self‐selection into geographical areas is not addressed.     

‘First,get to know them’: a relational view of organizational socialization

An important episode in workplace learning is the socialization of newly hired people into the organization. Typically, the literature conceptualizes the socialization of new employees as a learning process whereby the newcomer is responsible for learning to fit into the organization. This perspective seems to underestimate the social influences of co-workers and managers. Research and theorizing on social exchange and interpersonal relationships identify the quality of relationships between members of a group as a fundamental factor moderating the quality and outcomes of other interactions related to learning and work. This paper presents the findings of a recent study of organizational socialization experienced by new engineers recently hired into a large, global manufacturing company based in the US. Results of this qualitative case study explore and explain the socialization process from a relational perspective providing compelling evidence that relationship building is a primary driver of the socialization process in organizations.     

CLOCKSPEED‐BASED STRATEGIES FOR SUPPLY CHAIN DESIGN1

This paper discusses a framework for strategic supply chain design that rests on an assortment of conceptual approaches. These approaches include benchmarking fast‐evolving industries to posit principles of supply chain dynamics and integrating supply chain design into the concurrent processes of product and manufacturing system design. These approaches yield insights into sourcing strategy as well as implementation of concurrent engineering.     

A Systems Perspective on Forgiveness in Organizations

Despite the widespread interest in forgiveness across a diversity of disciplines, the study of forgiveness has been strongly influenced by a psychological (i.e. individual-level) approach. Although this has provided many fruitful insights, it has also resulted in a fragmented literature that has underemphasized the multilevel and contextual nature of this phenomenon. Drawing upon a broad multidisciplinary approach, we provide a singular definition of forgiveness and integrate research on forgiveness into a multilevel systems approach. In doing so, we demonstrate that a deeper understanding can be realized by conceptualizing forgiveness as a part of a system of interconnecting psychological, social, structural, and cultural relations. By embedding forgiveness into context, our systems perspective provides novel insights into the factors that facilitate and constrain forgiveness at multiple levels of analysis, how the interplay between contextual levels can shape forgiveness at lower levels (e.g. individual level), and how examining forgiveness in organizational contexts can highlight the importance of examining other outcomes (e.g. reconciliation, peaceful co-existence, and détente) as well as facilitate the development of actionable theory.     

A hard clustering approach to the part family formation problem

The part family problem in group technology can be stated as the problem of finding the best grouping of parts into families such that the parts within each family are as similar to each other as possible. In this paper, the part family formation problem is considered. The problem is cast into a hard clustering model, and the k-means algorithm is proposed for solving it. Preliminary computational experience on the algorithm is very encouraging and it shows that real-life problems of large sizes can efficiently be handled by this approach.     

城市化建设在西部开发中的重要作用研究

西部地区生态环境脆弱,基础设施较差,要想尽快缩小东西部之间的发展差距,进行大规模的西部开发,必须在生态建设和环境保护的前提下,尽快、有序地把农村人口向城市转移,加快城市化建设的步伐。在城市化建设的过程中,大、中城市是建设的重点;城市经济辐射能力的加强、投资环境的改善和第三产业的规模经济效益是城市化发展的方向;在互联网日益普及、国家全面实施"禁采"、"禁伐"以及"退耕还林、还草"的背景下,尽快改革目前的二元户籍制度,建立新的、科学公正的一元户籍制度,是加快城市化进程的必要条件;另外,西部的城市化建设还必须考虑东西联动和区域经济不平衡协调发展等因素。     

Operations research and bank planning

Starting with its use by the military in World War II, the Systems approach to problems solving and planning found its way into the business field. In the U.S.A. this was partly due to the filter-down effect into many firms entering into long term contracts with the Department of Defense. In examining the use of Systems Analysis in corporate planning, there appeared to be a prominent gap in its general use in the financial services industry of which commercial banks are the most important segment. Theoretically, banks are ideal economic units to use mathematically oriented Operations Research. Therefore, an in-depth study of such an existing planning system as used in a major U.S. commercial bank was undertaken. Such a case study, it was hoped, would yield important information as to how to introduce such a planning system into a bank, the types of programs in which it appeared to have strengths and weaknesses, and its applicability to planning processes in commercial banking generally. Consequently, a series of interviews with the director of this planning activity, his staff, and other officers of the bank were conducted. In order to obtain the data used in this study, a pledge to maintain anonimity of the bank was required. So, in the balance of this presentation, it shall be known as ‘The Bank’.     

Recalibrating Management: Feminist Activism to Achieve Equality in an Evolving University

In this paper we examine the process of incorporating gender equality into a higher education institution as it evolves into a managerial university. The case illustrates the ongoing processes between structure, activism and features of gender equality, and provides insights into how activists adapt to changes in governance and influence managerial responses to equality. Tracing the interaction of employee activism with new managerialism over nearly two decades, four phases of change are identified. These provide a basis for generating two concepts – managerial recalibration and individual activism – while challenging the social abeyance hypothesis of social movements.     

Long range planning— An open systems view

Long range planning has been identified as a major managerial factor for many years. Unfortunately, some important factors have not been adequately incorporated into the planning process. These componets of open systems theory—the environment, goals, and strategy— are discussed and integrated into the long-range planning process. This procedure will make for a more successful and effective planning operation in organizations