Stochastic Dominance: An Approach to Decision Making Under Risk

This paper introduces stochastic dominance as a technique to reduce the set of possible actions that a decision maker must consider in a decision problem under risk. The procedure usually does not choose an optimal action, but instead eliminates certain actions as unacceptable. Very little need be known about the decision maker's utility function. Two possible applications are presented: upgrading buildings to better withstand an earthquake; and choosing a site for a LNG facility.     

The Internalization Theory of the Multinational Enterprise: Past,Present and Future

This paper presents an agenda for extending the theory of international business in order to explain a wider range of phenomena. This, however, has to be done with due attention to the requirements of good social science theory. Relevant criteria are set out, together with a list of issues that new theory must address. Theory needs to focus on industries as well as firms, and make greater use of formal multi‐actor models. ‘Generalizing from the particular’ should be avoided; theory needs to be derived from general social science principles that have proved successful in cognate disciplines.     

Beyond the rhetoric: A 'working' version of child protection practice

This paper discusses a study of child protection practice in an Irish health board. By its use of a qualitative research paradigm, it seeks to fill an identified gap in the existing knowledge base by illustrating what social workers in child protection really 'do'. The normative framework employed by practitioners, through which they endorse or invalidate 'abuse' referrals, and adjudicate on their seriousness, is illustrated. The gulf between the official discourse portrayed in procedural guidance and the day-to-day reality of child protection practice becomes clear, and the way in which this creates space for, on the one hand, the application of moral reasoning, and, on the other, professional ambivalence, is analysed.     

Task-related and Partner-related Selection Criteria in UK International Joint Ventures

This paper identifies partner selection criteria in a sample of UK international joint ventures with Western European, US and Japanese partners. Rankings of selection criteria are derived for the sample using a typology that distinguishes between task-related and partner-related selection criteria. The most important task-related criteria are found to be access to knowledge of local market, access to distribution channels, access to links with major buyers and access to knowledge of local culture. The most important partner-related selection criteria are trust between the top management teams, relatedness of partner's business and reputation. A parsimonious set of selection criteria for the sample is provided by means of factor analysis. Hypotheses are tested on the relationship between the relative importance of selection criteria and a number of characteristics of the sample—partner nationality, industry of the joint ventures, joint-venture purpose, geographical location of the venture, initial approach for joint-venture formation and relative partner size. The greatest variation in the relative importance of selection criteria occurs with the geographic location of the joint venture.     

The Implementation of an International Market Servicing Strategy in UK Manufacturing Firms

This paper presents results from an empirical investigation into the impact of foreign market servicing strategies on the competitiveness of UK manufacturing firms in five industry sectors. Competitiveness is defined by performance, competitive potential and management process. Although the choice of foreign market servicing mode is highly constrained, there is a range of choice available to firms, although this choice is often reactive rather than proactive. The impact of market servicing switches on competitiveness is often profound, although it is not always positive. Moreover, these effects may be in different directions on the three components of competitiveness. Attention to foreign market servicing policies is crucial for achieving international competitiveness.     

Blazing new trails or opportunity lost? Evaluating research at the intersection of leadership and entrepreneurship

More than a decade ago, scholars formally conceptualized the potential synergy between leadership and entrepreneurship scholarship. Our work highlights research accomplishments occurring at the interface of these two intellectual areas as well as identifying untapped possibilities for continued research. We highlight how recent efforts have witnessed a mutual exchange of ideas that present opportunities benefiting both fields. Drawing from four key domains of entrepreneurship previously proposed to mutually inform future leadership research efforts, we make suggestions for integrating entrepreneurial opportunities, the roles of individual and entrepreneurial teams, the modes of organizing entrepreneurial ventures, and differing entrepreneurial environments with key trends important to leadership research, such as servant leadership and leader-member exchange theory. Overall, our work provides an assessment of the state of the art surrounding the coalescence of leadership and entrepreneurship research and sets an agenda for the next decade of research at this intersection.     

The Fount of All Knowledge: Training Required to Involve Service Users and Carers in Health and Social Care Education and Training

A modified Delphi study was carried out in order to obtain consensus regarding the content of a university training course to involve service users and carers at all stages of the health and social care educational process within a higher education environment. Telephone interviews were carried out with service users and carers, educationalists and leaders in the field of service user and carer involvement to generate curriculum ideas. A questionnaire was developed from their responses and sent to a purposive sample of 65 people (24 service users and carers, 28 health and social care educationalists and 13 leaders in the field of service user and carer involvement). Fifty‐five statements were generated with consensus being reached on 46 (84%) statements. Mismatches between service users and carers, educationalists and leaders in the field were explored. Key themes to be included in the curriculum were identified. This paper demonstrates that the best training is not imposed upon service users and carers by academics or others who think they know best; rather, that service users and carers themselves can play a leading role in identifying their training needs and devising strategies to ensure these needs are effectively met.