A comparison of Japanese failure models: Hybrid neural networks,logit models,and discriminant analysis

This article looks at the ability of a relatively new technique, hybrid artificial neural networks (ANNs), to predict Japanese banking and firm failures. These models are compared with traditional statistical techniques and conventional ANN models. The results suggest that hybrid neural networks outperform all other models in predicting failure for one year prior to the event. This suggests that for researchers, policymakers, and others interested in early warning systems, the hybrid network may be a useful tool for predicting banking and firm failures.     

On Combinatorial Approximation of Covering 0-1 Integer Programs and Partial Set Cover

The problems dealt with in this paper are generalizations of the set cover problem, min{cx | Ax b, x {0,1}ⁿ}, where c Q₊ⁿ, A {0,1}^{m × n}, b 1. The covering 0-1 integer program is the one, in this formulation, with arbitrary nonnegative entries of A and b, while the partial set cover problem requires only m–K constrains (or more) in Ax b to be satisfied when integer K is additionall specified. While many approximation algorithms have been recently developed for these problems and their special cases, using computationally rather expensive (albeit polynomial) LP-rounding (or SDP-rounding), we present a more efficient purely combinatorial algorithm and investigate its approximation capability for them. It will be shown that, when compared with the best performance known today and obtained by rounding methods, although its performance comes short in some special cases, it is at least equally good in general, extends for partial vertex cover, and improves for weighted multicover, partial set cover, and further generalizations.     

Charisma,Macht und Narzissmus

Charisma, power and narcissism. On the diagnostics of an ambivalent leading qualityManagers are often obviously narcissistic personalities with “charismatic qualities”. The author discusses the background of these qualities and their ambivalence, because behind the brilliance of a successful manager may be a hidden narcissistic problem as the actual motive power. Nevertheless a constructive narcissism is to be distinguished from a destructive one. Charismatic constellations as well as narcissistic dynamics are to be understood not only as an individual problem but as an interactional phenomenon, involving both sides of a relationship. In order to explain these dynamics, the author presents the concepts of “narcissistic collusion” and “expanded self”. It is of great importance to the coach, to be able to analyse and to deal with these relational patterns — and also to preserve oneself from being involved in such narcissistic dynamics.     

Toyota in the 21st century in Asian countries: Information exchange system and best mix

This article explains the general nature of the business style of Toyota management strategy, its specific performance, and its development in China. It is quite difficult to find specific revolutionary policies and unusual strategies for the success of the Toyota Motor Corporation.     

Erfolgsfaktoren beim Einzel-Coaching

Success factors of executive coaching. A screening of the coaching scenery from the client’s point of viewThis survey, based on questionnaires, examines the success factors of one-to-one coaching from the client point of view. Firstly, ten success factors in coaching were established by means of factor analysis. Secondly, more extensive analysis shows that, contrary to previous research in this field, the “professional system” is not necessarily a determining success factor in coaching. As an exclusive instrument of staff development, coaching seems to be effective even without support from the professional system. The analysis also indicates that the clients perceive their coach as an advisor and confidant as regards role expectations. Furthermore, multiple regression analysis discloses the predictive effects of the two success factors “the coach’s qualification” and “the coach’s involvement” for the overall success of coaching from the client’s point of view. The overall success of coaching itself is established through three items: the clients’ attitudes towards coaching, their attitude concerning further coaching, and the extent to which their objectives were met in coaching.     

Braucht Coaching eine philosophisch begründete Ethik?

Does coaching need a philosphically substantiated ethics? On the foundation of a systemic value oriented imperative for coachingThe general claim that coaches have to take responsibility for their clients is in contrast to the low interest in scientific discussion about ethics in coaching. One of the reasons for that seems to be the fact that this discussion is dominated by systemic thinking and its conviction that ethical aspects should be discussed as matter of contingency. From a philosophical point of view we can realize that this statement contains many ethical implications. Concerning a further development of coaching theory the author discusses these implications with regard to philosophical concepts of Kant, Habermas, Prange, Heidegger, Bauman and the Dalai Lama leading to the suggestion that systemic thinking should be more based on value orientation. On this theoretical grounds an ethical coaching imperative can be formulated with regard to the “categorical imperative” of Kant.     

Alles ist gut

All is good — wisdom’s use in managementIn crisis periods the demand for orientation knowledge grows. Everybody is looking for the answers to the fundamental questions of life. For over 2000 years philosophy has such a knowledge: wisdom. But what is wisdom and what is its use for the management? On this question the essay with Kant gives the answer: Wisdom is the way of self-knowledge. And self-knowledge is the very source of each vision, without which there is no successful entrepreneurship.     

Johann Gottfried Herders philosophische Grundlegung der Iernenden Organisation

Herder’s philosophical model of the learning organisationThe author describes Johann Gottfried Herder’s education philosophy and his plans for an ?alternative“ school. His ?alternative school concept“ shows how the teacher as supervisor of the learning process should take the individual needs into account and adapt the didactics and methods of teaching to these needs. This practice conforms to the rules of today’s reformed schools. Learning as an extension of subjective experiences and life possibilities requires an open organisational structure, and this is what Herder designed.     

On ranking linear budget sets in terms of freedom of choice

This paper examines how freedom of choice as reflected in an agents opportunity sets can be measured in economic environments where opportunity sets are linear budget sets in the non-negative orthant of the n-dimensional real space. Three axioms, Symmetry, Monotonicity and Invariance of Scaling Effects, are proposed for this purpose and the measure based on volumes of budget sets is characterized. I am grateful to Prasanta K. Pattanaik for his encouragement and fruitful discussions over many years on this and related subjects. The first draft of this paper was written while I was visiting the Institute of Economic Research at Hitotsubashi University in Japan. I would like to thank its hospitality. Helpful comments of a referee are gratefully acknowledged.