Bewertung intertemporaler Abh?ngigkeiten zwischen IT-Projekten

Companies often decide in favour of IT investments (especially IT infrastructure investments) only because these investments build the foundation for more lucrative follow-up investments. Those intertemporal interdependencies among IT projects have to be considered within the scope of a value-based IT portfolio management. Therefore, current literature suggests the use of real options analysis??and therefore the application of option pricing models such as the binomial model or the Black-Scholes model. Both models require a complete market. However, because IT projects are characterized by project specific risks, which cannot be duplicated on a capital market, the forthright application of these models is problematic. This issue has been addressed within the scope of the discrete binomial model so far. In this paper we transfer these findings to the Black-Scholes model. Furthermore, we apply this approach to a real case and illustrate how a correct consideration of project specific risks using the Black-Scholes model can affect investment decisions.     

Franchise- vs. Neugr��ndung: Analyse der Einfl��sse auf Gr��ndungsart und Gr��ndungserfolg

The survey at hand uses a sophisticated classification between derivative and original founders to demonstrate that the group of entrepreneurs consists of several distinct sub-groups or types. With the help of personality traits (Big Five) we examine the different entrepreneurial types. We also investigate how the interaction of personality and entrepreneurial type influences success. The analyses were conducted with a sample of franchise founders (derivative founders) and new business founders (original founders) in Germany. The results in relation to the entrepreneurial type support the distinction between groups as differences were found in personality traits. With respect to the prediction of success we identify interaction effects between personality and entrepreneurial type.     

Zur Zeitwertbilanzierung latenter Steuern in der internationalen Rechnungslegung

The significance of deferred taxes was increased by the introduction of international financial reporting standards. However, the usefulness of the information provided by interperiod tax allocation is regarded with skepticism by researchers and practitioners alike. This is largely due to the overestimation of the book value of non-current deferred tax liabilities and deferred tax assets as the present value of these items is disregarded. The IASB refuses to discount deferred taxes even though this would comply with the underlying asset-liability-concept. The IASB justifies the ban on discounting deferred taxes by the ??supposed?? high complexity; hence, cost-benefit considerations. The paper at hand analyses critical issues regarding the determination of the present value of deferred taxes. An approach for determining the maturity of deferred taxes, a risk-adequate discount rate and an approach for the derivation of a feasible net present value calculation are proposed. It is shown that discounting of deferred taxes is generally possible without resulting in more complex estimations than in those of other accounting areas. Despite the inevitable discretion management has in estimating the present value, it is still possible to represent such information faithfully so that the relevant information is useful to external users.     

Einf��hrung von Kommunikationsstandards in Unternehmensnetzwerken �C ein gestaltungsorientierter Ansatz bei dezentraler Entscheidungsstruktur

Standards and technologies (e.g. in the area of web services) that are currently discussed in research and practice will strongly change IT-based communication between organizations. However, the decision to standardize is accompanied by the risk of introducing a standard that is not adopted by other organizations afterwards. Hence, the interdependencies among the standardization decisions due to positive network effects result in a coordination problem, which is referred to as ??the standardization problem??. If the standardization decisions are taken by autonomous actors (e.g. legally independent organizations) that do not know the standardization decisions of the other actors in the network, this standardization problem arises for a decentralized decision structure and incomplete information. Thus, actors have to decide under uncertainty on whether to standardize or not. To avoid resulting inefficiencies and wrong decisions, we propose a formal, normative approach. This approach allows an actor within the network to anticipate the standardization decisions of the other actors and the associated network effects. Central to our approach are the consideration of interdependencies among the standardization decisions and the solution of the resulting system of equations.     

How business associations use interorganizational networks to achieve workforce development goals: Implications for Human Resource Development

Abstract

This study uses data from a series of comparative case studies to analyse the interorganizational networks of business associations providing workforce development services in the United States. Three aspects of the networks were of particular interest, including (a) the form the partnerships took, (b) the trade-off to involving educational or community vs. business partners in providing workforce development services and (c) the strengths of associations in brokering services to adults or youth. The findings demonstrate that business associations work in intermediary networks or provide their services directly. The conclusions suggest that human resource development professionals should work more actively with local business associations to recruit, train and provide supports for workers in US firms.     

Gender,power and office politics

Abstract

This interpretative study explores the experiences of Taiwanese female clerical workers as they deal with office politics. A hermeneutical phenomenology is used to describe and interpret the participants' experiences. The study shows that powerlessness and frustration result from: (1) structural barriers; (2) behavioral barriers; and (3) accommodation and rationalization. This study has implications for research and practice in international area of women's studies and for the field of international career development education.     

Remote control: measuring performance for value creation and governance of globally distributed knowledge work

This article examines the governance of globally distributed knowledge work. To measure performance in knowledge work, it is important to focus on what the knowledge workers do and hence view knowledge as something one does, namely the practices, instead of something one has. By following the practices of knowledge work, it was possible to evaluate the effect of measures related to organizational processes, and identify what was not well covered by the measurement tool. Strategic and long term needs such as learning and employee competence are better managed through projects. This article shows how work performance in international organizations needs two different measures: one tool for measuring short-term value creation linked to the organizational processes; and, one tool for measuring long-term value creation linked to the practices of service work made in projects. Global governance of distributed employees is therefore successfully managed through key performance measures and through understanding projects through their multiple contributions, at both an individual and an organizational level. Global long term governance needs are strategic for the entire firm. The paper rests on an in-depth empirical case study of an international professional service firm.     

Hochschule als Marke

This paper gives an overview of new developments in conceptualizing universities as brands. Brand development in this sense is not an externally-oriented marketing instrument, but an internal strategy. In this internal brand development process, a university sorts out its developmental resources and challenges and structures an identity. Ten steps in this process of brand development are outlined and a concept of brand positioning specific to universities is introduced.     

Übertragung und Gegenübertragung im Coaching

The author describes the use of psychoanalytic concepts in coaching work. At first, the classical issue of transference and its modern forms will be discussed, later the classical issue of countertransference and its modern forms. Finally, the author presents two case studies on transference and countertransference in coaching work.