Improvisation as “real time foresight”

The concept of improvisation, while now recognized in organization studies, has been neglected in strategy studies. We suggest that one of the reasons for this is the dominance of a structural view of strategy and competition. Alternative views, such as the Austrian school or those that stress the Red Queen effect, emphasize the process-based nature of competition. In fast-changing environments, speed and reaction are central attributes, which render the traditional separation between planning and execution untenable. In these contexts, improvisation, the convergence of planning and execution, becomes a paradoxical form of “real time foresight”: organizations screen trends, spot opportunities, actively wait and/or act with speed to seize the moment.     

INTERNATIONAL OUTSOURCING,THE REAL EXCHANGE RATE AND EFFECTIVE DEMAND

We develop a two‐country model of international trade with outsourcing opportunities, and analyze the effects of outsourcing on employment and effective demand under stagnation. Increased outsourcing proves not only to lower employment but also to depreciate the real exchange rate which has the effect of boosting employment. The latter also dominates the former, such that employment and consumption are stimulated. The home and foreign countries respond in opposite ways, however, to the production shift and the real exchange rate adjustment. Furthermore, we find that the effects of outsourcing on consumption are opposite in the presence, and the absence, of unemployment.     

Price distributions and competition

This paper utilizes an equilibrium search model to investigate market structure and price dispersion. In a market with one large firm and a competitive fringe, the large firm offers the highest price. Fringe firms offer a distribution of lower prices.     

Looking East: diffusing high performance work practices in the southern Afro-Asian context

Most cross-cultural international human resource management (IHRM) literature contains instructive comparative analyses of East Asian and Western countries and lessons from Japanese best operating practice. There is a paucity of literature extending this debate to the African context and of comparative IHRM work between East Asia and African countries. This article fills a contextual gap in offering a comparative analysis of diffusion and adoption of high performance work practices from East Asia in southern African firms. The continued relevance of 'context' is critically evaluated, given powerful forces for convergence in the global economy. However, much of the debate on the convergence/divergence framework appears to neglect process dynamics and cross-vergence in the development and implementation of hybrid practices as well as reverse diffusion. This article highlights the importance of considering certain variables of local distinctiveness and diversity as features of the notion of cross-vergence which shape particular human resource practices.     

Performance-related pay in Chinese professional sports

There have been numerous research studies and discussions of performance-related pay (PRP) in the human resource management literature, but very little research on PRP has included samples from non-Western societies. Moreover, few have studied PRP in the sport sector. The present study supports an expectancy model framework for PRP for professional athletes in China. The findings indicate the importance of the valence for monetary incentives, the instrumentality of performance for these incentives and clear individual and group objectives for improving performance. Comparisons for individual versus team and for females versus males yield important differences in the perception of the components of PRP programmes.     

Guest editorial: perspectives on sustainable consumption

The typical guest editorial within a special issue of a journal will explain the theme of the special issue, introduce the different contributions that follow, outline the contributions that each makes and identify the common threads that connect them. By contrast, this editorial article seeks to provide an overview which explores the broader context for the challenges that are presented by the pursuit of ‘sustainable consumption’ as a field of scholarship, a form of behaviour and a public policy goal. It explores some of the complexities involved in understanding sustainable consumption, and the ways in which conventional approaches to understanding consumption and consumer behaviour may be insufficient to understand and promote sustainable consumption.