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Journal Article

The shark is dead: How to build yourself a new market

Business Strategy Review 20 (4): 40–47
Jörg Reckhenrich, Jamie Anderson, Martin Kupp (2009)
Subject(s)
Strategy and general management
Keyword(s)
strategic innovation, business model innovation, competitive advantage, competitive strategy
British artist Damien Hirst is both controversial and successful. Jörg Reckhenrich, Jamie Anderson and Martin Kupp suggest that his innovative approach to life and work demonstrate strategies useful to organizations.
© 2009 The Author Journal compilation © 2009 London Business School
Volume
20
Journal Pages
40–47
Journal Article

What (if any) are the returns to computer use?

Applied Economics 41 (27): 1–10
Benoit Dostie, Rajshri Jayaraman, Mathieu Trépanier (2009)
Subject(s)
Economics, politics and business environment
Keyword(s)
computers, productivity
Volume
41
Journal Pages
1–10
Journal Article

Which industrial product service system fits best? Evaluating flexible alternatives based on customers' preference drivers

Journal of Manufacturing Technology Management 20 (5): 640–653
Mario Rese, Wolf-Christian Strotmann, Markus Karger (2009)
Subject(s)
Technology, R&D management
Keyword(s)
customers, decision making, industrial services, services
Industrial product service systems (IPS²) are required to meet current customer needs in order to provide solutions to current customer problems. Furthermore, adaptability to changing customer decision drivers is required in order to account for customers' preference changes over time. The purpose of this paper is to present an approach where customer preference drivers for different IPS2 are identified and their directions analyzed.
With permission of Emerald
Volume
20
Journal Pages
640–653
Journal Article

Likelihood inference for exchangeable continuous data with covariates and varying cluster sizes: Use of the Farlie-Gumbel-Morgenstern model

Statistical Methodology 6 (5): 503–512
Catalina Stefanescu, Bruce W. Turnbull (2009)
Subject(s)
Management sciences, decision sciences and quantitative methods
Keyword(s)
exchangeable continuous data, maximum likelihood, correlation, accept-reject simulation
This article investigates the Farlie-Gumbel-Morgenstern class of models for exchangeable continuous data. We show how the model specification can account for both individual and cluster level covariates, we derive insights from comparisons with the multivariate normal distribution, and we discuss maximum likelihood inference when a sample of independent clusters of varying sizes is available. We propose a method for maximum likelihood estimation which is an alternative to direct numerical maximization of the likelihood that sometimes exhibits non-convergence problems. We describe an algorithm for generating samples from the exchangeable multivariate Farlie-Gumbel-Morgenstern distribution with any marginals, using the structural properties of the distribution. Finally, we present the results of a simulation study designed to assess the properties of the maximum likelihood estimators, and we illustrate the use of the FGM distributions with the analysis of a small data set from a developmental toxicity study.
With permission of Elsevier
Volume
6
Journal Pages
503–512
Journal Article

Resource and revenue management in nonprofit operations

Operations Research 57 (5): 1114–1128
Francis de Véricourt, Miguel Sousa Lobo (2009)
Subject(s)
Product and operations management
Keyword(s)
capacity allocation, revenue management, dynamic pricing, nonprofit
Nonprofit firms sometimes engage in for-profit activities for the purpose of generating revenue to subsidize their mission activities. The organization is then confronted with a consumption versus investment trade-off, where investment corresponds to providing capacity for revenue customers, and consumption corresponds to serving mission customers. Exemplary of this approach are the Aravind Eye Hospitals in India, where profitable paying hospitals are used to subsidize care at free hospitals. We model this problem as a multiperiod stochastic dynamic program. In each period, the organization must decide how much of the current assets should be invested in revenue-customer service capacity, and at what price the service should be sold. We provide sufficient conditions under which the optimal capacity and pricing decisions are of threshold type. Similar results are derived when the selling price is fixed, but the banking of assets from one period to the next is allowed. We compare the performance of the optimal threshold policy with heuristics that may be more appealing to managers of nonprofit organizations, and we assess the value of banking and of dynamic pricing through numerical experiments.
© 2009 INFORMS
Volume
57
Journal Pages
1114–1128
Journal Article

Seeking help in the shadow of doubt: The sensemaking processes underlying how nurses decide whom to ask for advice

Journal of Applied Psychology 94 (5): 1261–1274
David A. Hofmann, Zhike Lei, Adam M. Grant (2009)
Subject(s)
Human resources management/organizational behavior
Keyword(s)
help-seeking, sensemaking, role theory, error management, health care
Volume
94
Journal Pages
1261–1274
Journal Article

The dynamics of industrial product service systems (IPS²) - Using the net present value approach and real options approach to improve life cycle management

CIRP Journal of Manufacturing Science and Technology 1 (4): 279–286
Mario Rese, Markus Karger, Wolf-Christian Strotmann (2009)
Subject(s)
Technology, R&D management
Keyword(s)
industrial product service systems; net present value approach; real options approach
Companies from industrialized nations have faced with the threat of competition from low-cost countries. We suggest Industrial Product Service Systems (IPS²) as a possible answer. Our article has two main aims. We establish a framework for designing an initial IPS² which meets current customer and market requirements. Building on this, we broaden our focus to include requirements induced by subsequent changes. We propose a combination of the Net Present Value Approach and the Real Options Approach as a means of determining the quantified value of an IPS² for an individual customer over its life cycle.
With permission of Elsevier
Volume
1
Journal Pages
279–286
Journal Article

Self-control: A function of knowing when and how to exercise restraint

Current Directions in Psychological Science 18 (4): 247–252
Kristian Ove R. Myrseth, Ayelet Fishbach (2009)
Subject(s)
Marketing
Keyword(s)
self-control, goals, temptation
Volume
18
Journal Pages
247–252
ISSN (Online)
1467-8721
ISSN (Print)
0963-7214
Journal Article

Do politically connected boards affect firm value?

The Review of Financial Studies 22 (6): 2331–2360
Eitan Goldman, Jörg Rocholl, Jongil So (2009)
Subject(s)
Finance, accounting and corporate governance
Keyword(s)
Politics, boards, corporate governance
JEL Code(s)
G30, G34, G38
Volume
22
Journal Pages
2331–2360
ISSN (Online)
1465-7368
ISSN (Print)
0893–9454
Journal Article

Trust and creativity: Understanding the role of trust in creativity-oriented joint developments

R&D Management 39 (3): 259–270
Francis Bidault, Alessio Castello (2009)
Subject(s)
Technology, R&D management
Keyword(s)
joint innovation, co-development partnerships, trust, creativity, innovativeness
JEL Code(s)
M10, M16
In this article we report on the design, prototyping and results of a research effort aimed at identifying whether and how trust affects the innovativeness of a partnership between two players. The methodology combined an experiment and two questionnaires. The research aimed to increase our understanding of trust and its impact on the innovative outcome of cooperation and to derive some guidance for economic actors, namely R&D managers and executives who intend to build innovation-oriented relationships with their business partners. Specifically, we investigated the effect of trust on partners' creativity and willingness to invest financially in a joint development. Our results show that more trustful partners invest higher amounts in the alliance, while there seems to be an optimum amount of mutual trust between partners who maximize their joint creativity and innovativeness; if the level of mutual trust is below or above this threshold, their joint creativity seems to increase less or even to decrease. Our findings suggest that joint development projects should always include explicit trust development activities at the beginning of the project, and that the amount of trust in the joint team should be monitored to avoid the negative consequences of excessive trust.
© 2009 The Authors. Journal compilation © 2009 Blackwell Publishing Ltd
Volume
39
Journal Pages
259–270
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