Ethnomethodology and Marxism: Their use for critical theorizing

Conclusion Each theory and, ultimately, school of theorizing exposes and criticizes the theorizing of others, and at the same time contains false or misleading statements. Theory as it is must rest on some presuppositions. Thus, Marxism exposes the flaws and lies of capitalism while positing another world view-Marxism—which it does not treat critically. Marxism also provides a critique of positivistic thinking. In The Grundrisse, Marx engages in a dialogue with economists and philosophers of his day. His theory emerges out of the rejection of their theory. Ethnomethodology can be seen as critique of positivism, too. It can also tell us something about Marxism, as some of its concerns are similar, although the methods are dissimilar. At the same time, ethnomethodology denies us certain information about itself. Theorists, then, question others and not themselves. Theory can be seen as a product of inquiry; the theorist shows only the product and hides what made the product. Indeed, just as the statistician reveals a correlation between two variables and omits all the common sense reasoning that went into the process (a method of theorizing ethnomethodologists criticize), so does the ethnomethodologist or Marxist omit, to a great extent, the process of theorizing involved.Thus, while neither form of theorizing, taken literally, can be critical (for to be critical, one must sometimes suspend belief in one's own theory, bracket it, or see it as strange), either form, if taken metaphorically (and in a way that is unfaithful to Marxism and ethnomethodology), can be used for critique.The ethnomethodological and Marxist critiques of social information, as in their processual framework and their emphasis on the thinking individual, provide critiques of contemporary society and an impetus to try to change it. Links between the two schools of theorizing would perhaps help overcome the deficiencies of each mode of theorizing. Taylor, Walton, and Young advocated (although they never carried it out) building a bridge in criminology so to speak, between ethnomethodology and Marxism. The advantage would be to enable us to escape from the straitjacket of an economic determinism and the relativism of some subjective approaches to a theory of contradiction in a social structure which recognizes in deviance the acts of men (men and women) in the process of actively making, rather than passively taking, the external world.Our special thanks to Ishna Abrams, Igor Freund, and Peter Schwarzburg for their tireless assistance.     

论停滞与失败--思想意识形态与历史:两个初步的问题(之一)

理学作为一种思想体系受到朝廷的推崇,并作为科举考试的组成部分。在20世纪,对理学的看法发生了分歧。有人认为理学是智识与科学进步的障碍,中国要想走向现代化就必须摆脱理学。关于中国在12世纪后进入长时期停滞的看法,历史学界一般都不赞成了,但读者的这种看法还比较强烈。对于中国历史的一些基本特征的认识需要重新检验,比如中国文化不是只有一个起源;中国并非与外界隔离并拒绝外界影响;中国的政治体制不是绝对独裁;中国文化并没有一个纯正的“正统”或“道统”(orthodox);中国人并非没有自主的完整实体的“自我”观念。学者在实际研究中往往把中国当作一个实体民族或一个连续不断的文明体,这种观念并不太准确,实际是误解了China的原意。     

全球视野中的西方历史思想:十个命题

所谓“西方”,本身是一个历史的建构。欧洲特定的文化背景,历史上一系列的文化及社会运动,对历史思想和历史书写都产生了重大影响,使得西方史学具有了一定程度上的独特性,譬如强调进步和发展等等。然而这种独特性并不是一连串独一无二的特征,也不意味着西方历史著作的方式在所有方面都优于其他方式。归根到底,正是不同体系之间的冲突,尤其是不同“力量”之间的动态平衡,才构成西方历史思想和历史书写的特点。     

Japanese marketing strategies in the United Kingdom

This article is based on a study which examined hypotheses about Japanese marketing using a matched sample of British companies and their major Japanese competitors. Japanese subsidiaries in Britain were shown to be much more marketing-oriented, more responsive to strategic opportunities, and more single-minded in their pursuit of market share. Organizationally, there were few differences between the two groups. The Japanese subsidiaries, however, were more inclined to use product or market-based divisions and continuous, informal planning and control procedures. The result is that managerial focus and responsibility are centred upon overall product-market rather than financial or production performance, with continuous feedback facilitating rapid adaptation and implementation of marketing plans and strategy.     

Arriving at a strategic theory of the firm

The theory of the firm seeks to explain the existence and boundaries of the firm in relation to the market. Since the pioneering work of Coase (The nature of the firm. Economica , 4 , 386–405, 1937), economics has developed a whole family of theories that focus on the ability of firms to economize on certain costs of using markets. More recently, researchers in strategic management have published several theories of the firm that have tended to emphasize the benefits of incorporation rather than the costs of using the market. Although researchers in the strategy profession have tentatively labeled their work as 'moving towards' a strategic theory of the firm, economists have been very critical of existing approaches. This paper seeks to begin 'arriving' at a strategic theory of the firm by addressing these criticisms and offering an integration of the strategic and economic perspectives within an institutional framework. The paper concludes with future directions for research in the theory of the firm.     

Consumer Awareness, Understanding and Usage of Unit Pricing

The debate continues over whether prescribed quantities or unit pricing offers the best method to enable consumers to make value-for-money comparisons. In theory, the 'informed' consumer should benefit from being given unit-price information to identify optimum purchases; in practice, however, it would appear that many consumers do not use the data. Although unit pricing can reduce the level of confusion caused by large product ranges and large numbers of unique size–price combinations, results of a survey of over 1000 people showed that: 31% of the sample did not understand how unit pricing was meant to help them compare products; 35% could not be bothered to look at unit prices and 28% stated that unit pricing was too difficult to use. Those least likely to look at unit prices are women, the least educated and consumers aged 18–34. The research investigated why consumers do not use unit-price information and found: some consumers do not possess the cognitive ability to process the information and feel unit pricing is too complicated to use; some products are not comparable, which makes unit prices misleading; many shops do not provide unit-price information; unit-price information was felt unnecessary when evaluating products with few or no alternative sizes or brands; unit-price comparisons take too much time; consumers use simpler strategies for getting value for money, e.g. volume discount heuristic, own brands, special offers, x% free, reward points, etc. The paper explores policy and retailer implications for unit pricing and examines recommendations for government.     

Digital Finance and FinTech: current research and future research directions

Since decades, the financial industry has experienced a continuous evolution in service delivery due to digitalization. This evolution is characterized by expanded connectivity and enhanced speed of information processing both at the customer interface and in back-office processes. Recently, there has been a shift in the focus of digitalization from improving the delivery of traditional tasks to introducing fundamentally new business opportunities and models for financial service companies. Digital Finance encompasses a magnitude of new financial products, financial businesses, finance-related software, and novel forms of customer communication and interaction—delivered by FinTech companies and innovative financial service providers. Against this backdrop, the research on finance and information systems has started to analyze these changes and the impact of digital progress on the financial sector. Therefore, this article reviews the current state of research in Digital Finance that deals with these novel and innovative business functions. Moreover, it gives an outlook on potential future research directions. As a conceptual basis for reviewing this field, the Digital Finance Cube, which embraces three key dimensions of Digital Finance and FinTech, i.e., the respective business functions, the technologies and technological concepts applied as well as the institutions concerned, is introduced. This conceptualization supports researchers and practitioners when orientating in the field of Digital Finance, allows for the arrangement of academic research relatively to each other, and enables for the revelation of the gaps in research.     

Pre‐Going Private Ownership Around the World

Going private transactions are often highly leveraged, and give rise to potential agency conflicts among existing shareholders. But who exactly are those shareholders, and under what legal conditions are these transactions more likely to occur? We examine ownership structure prior to going private transactions in 33 countries around the world from 2002 to 2014. The data indicate strong and consistent evidence that pre‐going private ownership is characterized by higher institutional and corporate ownership. Family ownership lowers the probability of a public to private transaction. Stronger creditor rights increase the probability of going private, particularly for whole company and institutional buyouts.     

Let's Call it Quits: Break‐Even Effects in the Decision to Stop Taking Risks

“Chasing” behavior, whereby individuals, driven by a desire to break even, continue a risky activity (RA) despite incurring large losses, is a commonly observed phenomenon. We examine whether the desire to break even plays a wider role in decisions to stop engaging in financially motivated RA in a naturalistic setting. We test hypotheses, motivated by this research question, using a large data set: 707,152 transactions of 5,379 individual financial market spread traders between September 2004 and April 2013. The results indicate strong effects of changes in wealth around the break‐even point on the decision to cease an RA. An important mediating factor was the individual's historical long‐term performance. Those with a more profitable trading history were less affected by a fall in cash balance below the break‐even point compared to those who had been less profitable. We observe that break‐even points play an important role in the decision of nonpathological risk takers to stop RAs. It is possible, therefore, that these nonpathological cognitive processes, when occurring in extrema, may result in pathological gambling behavior such as “chasing.” Our data set focuses on RAs in financial markets and, consequently, we discuss the implications for institutions and regulators in the effective management of risk taking in markets. We also suggest that there may be a need to consider carefully the nature and role of “break‐even points” associated with a broader range of nonfinancially‐focused risk‐taking activities, such as smoking and substance abuse.     

Measuring operational excellence: an operational excellence profitability (OEP) approach

The pursuit of operational excellence in the manufacturing industry is at rise but its measurement still lacks of appropriate indicators to determine its financial benefits. The ambiguity is due to the impact arisen from manufacturing fluctuations such as price and cost, production mix and direct and indirect parameters variations. Manufacturing fluctuations distort the cost benefit of operational excellence. This paper, therefore, proposes the OEP (Operational Excellence Profitability) indicators to isolate the impact of manufacturing fluctuation and distinctly identify the payback of operational excellence strategies and initiatives through cost benefits of achieving higher efficiency and yield. The paper presents the conceptual and mathematical development of the proposed OEP indicators and the formulas used for their calculation. Hypothetical and industrial-based investigations and applications of the OEP indicators are conducted for their validation. The results obtained from the hypothetical exercise and industrial case suggest that OEP indicators can provide an effective cost-benefit analysis of operational excellence. This would contribute in providing manufacturing organizations with more complete information regarding the performance of their processes, which will allow their directors and managers to take better decisions related to the management and improvement of their processes.