Using knowledge within small and medium-sized firms: A systematic review of the evidence

This paper provides a systematic review of the literature on how small and medium-sized enterprises (SMEs) use and acquire knowledge. The review was undertaken as part of the Economic and Social Research Council's Evolution of Business Knowledge Programme. The paper describes the systematic review protocol and provides a detailed explanation of the methods used. From the review, it is evident that SME knowledge research concentrates primarily on the acquisition and use of knowledge, treating it as an asset that is transferred by routines. The findings suggest that research is focused in three main areas. First, on the influence and abilities of the entrepreneur to extract, use and develop knowledge resources. Secondly, on firm-wide systems and the social capital that facilitates knowledge exploration and exploitation. Thirdly, on the provision of knowledge and learning experiences through government policy. From a practical perspective, the review concludes that policies encouraging entrepreneurship and economic regeneration need to be more flexible and sensitive to the often complex contexts within which knowledge is used by SMEs. From a research perspective, and given the flexible, opportunity-oriented and often novel nature of SMEs identified in these studies, there is a need to consider the relational and embedded qualities of knowledge by which these characteristics are framed; qualities that resist conceptualization as some form of separable, material asset.     

Consensus By Identifying Extremists

Given a finite state space and common priors, common knowledge of the identity of an agent with the minimal (or maximal) expectation of a random variable implies consensus, i.e., common knowledge of common expectations. This extremist statistic induces consensus when repeatedly announced, and yet, with n agents, requires at most log₂ n bits to broadcast.     

Using Structured Decision Making to Help Implement a Precautionary Approach to Endangered Species Management

Endangered species protection is a significant risk management concern throughout North America. An extensive conceptual literature emphasizes the role to be played by precautionary approaches. Risk managers, typically working in concert with concerned stakeholders, frequently cite the concept as key to their efforts to prevent extinctions. Little has been done, however, to evaluate the multidimensional impacts of precautionary frameworks or to assist in the examination of competing precautionary risk management options as part of an applied risk management decision framework. In this article we describe how decision-aiding techniques can assist in the creation and analysis of alternative precautionary strategies, using the example of a multistakeholder committee charged with protection of endangered Cultus Lake salmon on the Canadian west coast. Although managers were required to adopt a precautionary approach, little attention had been given to how quantitative analyses could be used to help define the concept or to how a precautionary approach might be implemented in the face of difficult economic, social, and biological tradeoffs. We briefly review key steps in a structured decision-making (SDM) process and discuss how this approach was implemented to help bound the management problem, define objectives and performance measures, develop management alternatives, and evaluate their consequences. We highlight the role of strategy tables, employed to help participants identify, alternative management options. We close by noting areas of agreement and disagreement among participants and discuss the implications of decision-focused processes for other precautionary resource management efforts.     

The Judge Specificity of Evaluations of Youth Social Behavior: The Case of Peer Provocation

Increasingly, theorists have suggested that social competence is an evaluative construct that will vary as a function of who is judging behavior. This study examined how two key groups in children's social environments—peers (N = 663, age range = 10.83–15.25 years) and teachers (N = 49)—rated the effectiveness of different behaviors generated by youth in response to physical, verbal, and relational provocation by peers. Results indicated that youth evaluated aggressive responses as more effective than teachers whereas teachers evaluated seeking an explanation as more effective than youth. Both groups judged responses combining assertive and aggressive elements to be more effective than ‘pure’ aggression. Implications for measurement and intervention models of social competence are discussed.     

Looking After Children: assessing outcomes in child care. The experience of implementation

A Department of Health initiative has supported the implementation of Looking After Children in over 90 per cent of local authorities in England. The process has required major organisational change and new values and attitudes towards children looked after away from home. Difficulties arise where management and monitoring systems are not available to support these wider changes and to assess the quality of practice. Nevertheless clear benefits to using the system can be identified. Pilot projects in Sweden, Canada and Australia provide an opportunity to compare experiences internationally; strong parallels are evident in some of the current issues facing child welfare.     

Safe as Houses? Ageing in Place and Vulnerable Older People in the UK

The UK is very similar to many other European, North American and Australasian countries in its emphasis on ‘ageing in place’. This article does not seek to challenge the importance of this for most older people but rather draws out the challenges and issues raised by older people who are vulnerable or in vulnerable housing situations. This is illustrated through drawing upon three separate studies which are on older homelessness, older people in the private rented sector and owner‐occupiers with dementia.     

Dynamic Decision-Making Under Uncertainty: An Experimental Investigation of Choices Between Accumulator Gambles

This paper presents an experiment that is designed to be more effective than previous studies at reproducing in the laboratory the affective experiences of risk-taking, such as hope, fear, thrill, pain of loss, regret, disappointment or elation. The use of dynamic choice problems involving accumulator gambles, and a particular randomisation device to resolve them, are central to the design. Our results both are inconsistent with orthodox dynamic choice theory and cast doubt on the generality of effects observed in previous designs. We discuss these findings, in terms of the relative impacts on behaviour of affective experience and judgement.     

The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework

We review 74 experiments with no, low, or high performance-based financial incentives. The modal result has no effect on mean performance (though variance is usually reduced by higher payment). Higher incentive does improve performance often, typically judgment tasks that are responsive to better effort. Incentives also reduce “presentation” effects (e.g., generosity and risk-seeking). Incentive effects are comparable to effects of other variables, particularly “cognitive capital” and task “production” demands, and interact with those variables, so a narrow-minded focus on incentives alone is misguided. We also note that no replicated study has made rationality violations disappear purely by raising incentives.     

Prolegomena to a Paradigm: Narratives of Surrender

This article seeks to develop a paradigm for understanding the sociological meaning of narratives of surrender. Surrenders are boundary events in time and in space. Coming at the end of conflicts, surrenders are transitional and transformative occasions during which the emotional and symbolic landscapes of power are traced and highlighted. They mark the site of trauma and, depending on the manner in which they are accomplished, can alternately emphasize the degradation of the vanquished or the magnanimity of the victor. Surrenders are analyzed as simultaneously historical events, symbolic events, and political events.