Personality, perceptions and retrenchment decisions of managers in response to decline: Evidence from a decision-making study

Drawing on the strategic leadership and leadership cognition literature, we develop a theoretical framework linking personal characteristics of strategic leaders with their perceptions of organizational decline and retrenchment activities. Our hypotheses are tested using a sample of 110 experienced MBA students in a scenario-based study. The findings of this exploratory study suggest that strategic leaders' perceptions of the severity of a firm's decline play an important role in the recommendation of extensive retrenchment activities in response to decline. However, perceptions of the severity of decline vary substantially across decision makers and are influenced by an individual's locus of strategic control, functional background and maturity. The study's findings that perceptions of decline and planned responses to decline vary substantially and predictably across individuals are discussed in light of existing theory and practice.     

Aikane: accounts of Hawaiian same-sex relationships in the journals of Captain Cook's Third Voyage (1776-80)

The journals recorded by Captain James Cook and his associates on Cook's Third Voyage of discovery (1776-1780) include extensive eyewitness accounts and analyses of the Hawaiian people and their culture-the first to be made by Europeans and Americans. Among these are several reports of young men called aikane, who were attached to the court or train of the ali'i (chiefs), and whose functions were sexual, social, and political. Among these aikane were several who acted as intermediaries between the sailors and the Hawaiians, and whose influence and conduct profoundly affected the course of events at Kealakekua Bay, where Cook was killed in February, 1779. The information contained in these materials suggests that such Hawaiian same-sex relationships are more important than currently accounted for in accepted theories of Hawaiian ethnohistory.     

Stages of change in batterers and their response to treatment

One important dimension of individual differences among batterers is their readiness to change. According to the transtheoretical model (Prochaska & DiClemente, 1984), all individuals go through precontemplation, contemplation, preparation, action, and maintenance before a change in behavior is accomplished. The applicability of this model to intimate partner violence was assessed by administering the University of Rhode Island Change Assessment (URICA) scales (with reference to their domestic violent behavior) to 210 court-ordered male batterers. Their responses were clustered, and two clusters were derived and then compared on other measures. As hypothesized, cluster 2 individuals (characterized by a profile of URICA scale scores suggesting an earlier stage of change) self-reported less initial distress (depression, anxiety, and alcohol abuse), less violence, and fewer problems with anger than cluster 1 individuals (characterized by URICA scale sores suggesting a later stage of change), although partners reported no difference in violence perpetrated by the two clusters. Cluster 1 individuals evidenced greater improvement in self-reported depression, anxiety, and anger control. Strategies to engage the more resistant cluster 2 individuals as well as suggestions for future research are considered.     

Risk,uncertainty and hidden information

People are less willing to accept bets about an event when they do not know the true probability of that event. Such uncertainty aversion has been used to explain certain economic phenomena. This paper considers how far standard private information explanations (with strategic decisions to accept bets) can go in explaining phenomena attributed to uncertainty aversion. This paper shows that if two individuals have different prior beliefs about some event, and two sided private information, then each individuals willingness to bet will exhibit a bid ask spread property. Each individual is prepared to bet for the event, at sufficiently favorable odds, and against, at sufficiently favorable odds, but there is an intermediate range of odds where each individual is not prepared to bet either way. This is only true if signals are distributed continuously and sufficiently smoothly. It is not true, for example, in a finite signal model.     

Determinants of outcome in the pathways through care for children hearing voices

Auditory hallucination, or hearing voices, is generally associated with psychopathology. In psychiatry it is inter-preted as a symptom of an illness, with no connection to the individual's life history. Voice hallucinations in childhood occur in a variety of contexts and have variable long-term outcomes. Little is known about the course of the experience. In this study, 80 children and youngsters hearing voices were interviewed on four occasions over a period of three years about the content of the voices and their overall experience of voices, focusing on the determinants for a promising outcome in the pathways through care. The results indicate that the need for care in the context of the experience of voices is associated not only with high levels of problem behaviour and associated negative symptoms of psychosis, but also, independently, with an appraisal of the voices in terms of anxiety, depression, dissociation and frequency of occurrence. In 60 per cent of the participants the voices disappeared during the three-year research period. The relationship between the disappearance of voices and the course of mental health treatment is, however, ambiguous.     

Comparing Two-Stage Segmentation Methods for Choice Data with a One-Stage Latent Class Choice Analysis

Market segmentation is a key concept in marketing research. Identification of consumer segments helps in setting up and improving a marketing strategy. Hence, the need is to improve existing methods and to develop new segmentation methods. We introduce two new consumer indicators that can be used as segmentation basis in two-stage methods, the forces and the dfbetas. Both bases express a subject’s effect on the aggregate estimates of the parameters in a conditional logit model. Further, individual-level estimates, obtained by either estimating a conditional logit model for each individual separately with maximum likelihood or by hierarchical Bayes (HB) estimation of a mixed logit choice model, and the respondents’ raw choices are also used as segmentation basis. In the second stage of the methods the bases are classified into segments with cluster analysis or latent class models. All methods are applied to choice data because of the increasing popularity of choice experiments to analyze choice behavior. To verify whether two-stage segmentation methods can compete with a one-stage approach, a latent class choice model is estimated as well. A simulation study reveals the superiority of the two-stage method that clusters the HB estimates and the one-stage latent class choice model. Additionally, very good results are obtained for two-stage latent class cluster analysis of the choices as well as for the two-stage methods clustering the forces, the dfbetas and the choices.