Business planning: The gap between theory and practice

The author maintains that the gap between the theory and the practice of corporate planning is growing. He examines the planning systems currently used and concludes that corporate planning as advocated by the theorists is not being practised in any developed form by large corporations.     

Turnover turned over: an expanded and positive perspective

The negative impact of turnover is well documented in the literature. This paper examines turnover with a unique, positive focus. Turnover is reviewed, not only from the standpoint of the organizational theorist, but with economic, sociological, and psychological/social psychological perspectives. Often ignored benefits of turnover are noted.     

Time lags and the weighted average cost of capital

This paper analyses the effect on the weighted average cost of capital of lags between the times of raising debt and equity finance. It shows the results of such lags when associated with differing levels of gearing and differing costs of debt and equity.     

A set covering approach to bus stop location

This paper considers the problem of locating bus stops in the context of a set covering problem. Zero-one integer programming models are suggested for use in the location of bus stops on new routes and for use in the location of express bus stops on current routes. The models may be used to locate the minimum number of (express) bus stops required to ensure that no passenger need walk more than a specified distance to reach an (express) bus stop. A modified version of the model is presented which enables the router to locate a specified number of (express) bus stops in such a manner that the total distance walked by all boarders is minimized.     

Plans—Their preparation and implementation

This article outlines the methodology developed in the adoption of long range planning at Reed International. Whilst the author rightly draws attention to the fact that the methodology described may not be applicable, or preferable, for all businesses it can give valuable lessons. Particularly, since Reed International is a highly diversified multi-national group of companies whose activities range from pulp and paper to publishing and building products, the difficulties of ensuring that plans are logically coherent, informative and examine the relative range of alternatives, is a complex and difficult task. Therefore, the paper provides a highly relevant and detailed insight into the planning methodology adopted by a company whose activities are wide ranging both in terms of product mix and geographical location. The author stresses the importance of planning as a process which includes the necessary structural underpinning but which concentrates essentially on the integration of concepts and ideas which may help the future performance of the company. Finally, the author also examines the important but often forgotten element of planning, the elements of control necessary to ensure effective implementation.     

Beyond expectancy theory: an integrative motivational model from health care

Expectancy theory has been criticized for its omission of normative, habitual, and other motivational elements. This paper describes the sources and features of an integrative motivational model from the field of preventive health care that combines expectancy/valence factors with habitual, normative, and conative motivational elements. The model is viewed as having implications for work motivation as well.     

The need for revaluation and assessment of Australian foster care programmes

This is a brief report on one aspect of a programme of applied research, in a large social welfare agency, designed to provide a basis for the evaluation of the policies, activities and structure of the agency.     

A decomposition technique for quantifying real process performance

A decomposition technique for quantifying the impacts of changes in product mix and process performance on aggregate process-related indicators is presented. Through application of the technique, the real performance of a process can be quantified. Changes in real performance over time can be monitored to provide useful information for process evaluation and production planning. Two case studies, one related to the aggregate defective rate for an assembly line of an integrated circuit fabrication plant and the other to the aggregate inventory turnover for a tyre distribution company, are presented to illustrate the application of the technique.     

The impact of non-bottleneck variation in a manufacturing cell

Protective capacity is the 'extra' capacity placed at non-bottleneck resources to absorb random disruptions in planned levels of performance so that the bottleneck resource continues to be effectively utilized. A full factorial experiment with a simulation model was conducted to explore issues associated with the quantity and location of processing variance in a five-station manufacturing cell. The cell's performance was measured using both mean flow time ( MFT ) and bottleneck shiftiness ( SHIFT ) for 3 patterns of variance for the non-bottlenecks at 5 different levels of variation. In order to investigate the importance of the quantity of added capacity on the variation both a low level of protective capacity (10%) and a high level (50%) were considered. The results indicate that having the higher variation work centres close to the bottleneck provides reduced MFT and SHIFT . The performance measures improved at both the low and high setting of protective capacity.