Practical implications of the resource-based view

Managers use many decision making tools when developing a firm’s strategic direction. Ideally, such tools yield a good solution for an acceptable amount of application effort. This paper presents the results of an experimental research project that compares the effectiveness of a theory-based strategic decision making tool, theVRIO-framework, with two alternative decision making heuristics for predicting the stock-market performance of different companies. First, we assess how the predictions of theVRIO-framework contrast with decisions based on “gut feeling” using the forecasts derived from a recognition-based decision making tool, theRecognition Heuristic. Secondly, theVRIO-framework’spredictive power is compared to predictions derived fromAnalyst Ratings. Our results suggest that the predictions of theVRIO-framework are superior to those of theRecognition Heuristic and theAnalyst Ratings, supporting the practical usefulness of resource-based theory. We conclude that resource analysis is important to strategic decision making and discuss the implications of our findings for future research and management practice.     

Social work research as a practice of transparency

Social work research is inherently normative and as such the assumptions about social problems in social work research should be open to scrutiny and contestation. But although researchers often face tussles and huge contradictions, they rarely articulate them. In this article, we report on a small research project in which a collective of social work researchers in Flanders (the Dutch speaking part of Belgium) tried to think critically through some of the questions and complexities they were confronted with in social work research, more specifically in research on poverty. Our research aim implied that we tried to discuss the choices that were made during a diversity of research projects, including making explicit the grounds on which this happened. We learned that the choices made, although they seem to be very obvious ones, often remained implicit during the different research processes. We conclude that social work research requires that researchers attempt to realize a practice of transparency. The pursuit of such a practice of transparency refers to the importance of the creation of reflexive space in research communities to collectively embrace and discuss the complexities of social work research.     

Theorizing notions of the participation of people in poverty in social policymaking: Policing,politics and subjectification

Since the 1990s, a paradigm of participation has gained prominence and become a dominant policy rhetoric in anti-poverty policymaking in Europe, embracing the key idea that people in poverty should participate as equal citizens in political decision-making processes. Based on a historical case study of the production process of a Belgian white paper, the General Report on Poverty (1994), we investigate who participated in the GRP production process, and whether the underlying participatory and democratic mechanisms produced a shift in power and might have led to a more socially just and equal society. We rely on a central set of ideas of the French philosopher Jacques Rancière to theorize different notions of participation, and tease out whether the processing of equality had the capacity to move from policing towards politics through subjectification. Our research study demonstrates how social change and a reconfiguration of the democratic order can appear as a moment of democracy, yet inevitably leads to a new police.     

The Effect of Competition on the Efficient–Responsive Choice

In determining their operations strategy, a firm chooses whether to be responsive or efficient. For firms competing in a market with uncertain demand and varying intensity of substitutability for the competitor's product, we characterize the responsive or efficient choice in equilibrium. To focus first on the competitive implications, we study a model where a firm can choose to be responsive at no additional fixed or marginal cost. We find that competing firms will choose the same configuration (responsive or efficient), and responsiveness tends to be favorable when demand uncertainty is high or when product competition is not too strong. Intense competition can drive firms to choose to be efficient rather than responsive even when there is no additional cost of being responsive. In such a case, both firms would be better off by choosing to be responsive but cannot credibly commit. We extend the basic model to study the impact of endogenized production timing, multiple productions and product holdback (or, equivalently, postponed production). For all these settings, we find structurally similar results; firms choose the same configuration, and the firms may miss Pareto‐improvements. Furthermore, through extensions to the basic model, we find that greater operational flexibility can make responsiveness look less attractive in the presence of product competition. In contrast to our basic model and other extensions, we find it is possible for one firm to be responsive while the other is efficient when there is either a fixed cost or variable cost premium associated with responsive delivery.     

Agilität,Ambidextrie und organisationale Veränderungskompetenz. Rudi Wimmer über Erbe und Zukunft des Change Managements

Gruppe. Interaktion. Organisation. Zeitschrift für Angewandte Organisationspsychologie (GIO) - Univ.-Prof. Dr. Rudi Wimmer ist Professor für Führung und Organisation am Institut...     

Maintaining your immune system--one method for enhanced longevity

The immune system is an important evolutionary invention to battle invaders in young and old organisms. Successful aging in humans who achieve nonagenarian status and beyond depends on how the immune system changes over time. Whether certain immune parameters vary with increased age is influenced by the genotype and lifestyle of the individual.