Bank generic strategies: does Porter's theory apply in an international banking center

This study examines banks' competitive strategies and their relationship with performance in a highly internationalized banking center, Hong Kong. The factor analysis results have, by and large, provided support to Porter's three strategy typology. Nevertheless, the empirical findings from the cluster analysis and the subsequent inter-group comparison of performances have cast doubt on Porter's stuck-in-the-middle proposition by demonstrating that banks adopting a multi-strategic approach did outperform other strategically monotonous rivals. While the stuck-in-the-middle proposition is grounded in the premise of inherent inconsistencies for pursuing more than one generic strategy simultaneously, the resource-based view and the present empirical findings hint at the feasibility for well-resourced banks to combine apparently incompatible value creating activities in a synergistic way to achieve integrated flexibility and consequently, a sustainable multi-strategic position. It is suggested that this feasibility very much depends on a bank's organizing and coordinating capabilities that are developed and refined through managerial commitment, learning and experience, as well as a careful assessment of various organizational activities and its inter-relationships within the entire business system.     

PTE,innovation capital and firm value interactions in the biotech medical industry

Unlike previous studies which only focus on the main effect between IC and FV, this research includes PTE with the gap of resource-based view. IC is a key element in creating a competitive advantage, as it has a great influence on FV. A company may put relatively less into IC if it demonstrates higher efficiency. However, previous studies have neglected the fact that relative efficiency and IC affect FV and stock returns directly and indirectly. The research period was from 2006 to 2010 and the main research methods include HRA and DEA. The main research findings include the following. (1) There is a space for improvement in terms of the total technical efficiency. (2) PTE has a significant moderating effect between IC and FV. (3) IC and PTE have a significant influence on FV. (4) Apart from PTE and stock returns, IC and FV show significant differences within the sub-industry.     

当代大学生价值观的调查与分析

以笔者所在学院大学生为研究对象,对其思想、学习、生活和就业等方面进行问卷调查分析。当前,弘扬爱国主义、以人为本、建设和谐校园和加强责任感教育,是引导大学生树立社会主义核心价值观的基本内容。     

招商引资——税收减免竞赛

近年来,地方政府超出法律范围制定优惠政策尤其是税收优惠政策来吸引客商的现象时有发生,给我国带来了消极影响。税收在招商引资工作中应如何发挥作用成了摆在我们面前的一个重大问题。十六届三中全会提出的科学发展观对我国各项事业的发展都具有普遍的指导意义。本文正是从科学发展观的要求出发,重新定位了税收在招商引资工作中的角色,并试着提出了相应的措施。     

邓小平富裕观的世界视角

邓小平的富裕观具有广阔的世界视角。体现在:中国人民的富裕要同世界的发展紧密相连;中国富裕的前提是大胆借鉴资本主义国家的文明成果;富裕起来的中国会成为维护世界和平的中坚力量。邓小平富裕观的世界视角,使中国走向富裕的道路越来越宽。     

改革开放 快速发展 与时俱进——解读党的十七大报告

党的十七大报告从文字结构来讲分为三部分,从整体内容来讲抓住了四个关键点,提出了四个新亮点.     

范畴习得及其在英语教学中的应用研究

古典范畴观和原型范畴观对某一范畴的定义和范畴习得的解释各不相同。在实际教学过程中应将两种范畴观所倡导的方法结合起来,鼓励学生最大程度地挖掘同类事物名称上的共同点,对于同一类事物可以在归类的基础上进行对比记忆。     

Strategy antecedents of modes of entry into foreign markets

Although a firm's choice of mode of entry to a foreign market is central to the implementation of international strategy, we have only limited understanding of the effects of international strategy on the choice. This study explores the effects of business relatedness and corporate international experience. Data were collected on 173 ventures of Swedish manufacturing firms that were present on the German market, and multivariate techniques were applied to test hypotheses. It was found that product/market relatedness and intangible resource relatedness between the foreign business unit and the industrial firm's core business unit favored a full control entry mode based on sole ownership. This finding was also valid for importance of foreign markets. Further, market importance moderated the two relationships regarding business relatedness. Contributions to the literature are discussed.     

Radical innovations in new product development and their financial performance implications: An event study of US manufacturing firms

At the dawn of the 21st century, global competition continues to increase at an accelerating rate and radical innovation is recognized as a potent weapon for firms to achieve sustainable competitive advantages. Academics, practitioners and consultants share the view that radical innovation is important to the long-term financial success of firms. Nevertheless, empirical studies on the relationship between radical innovation and firm performance have been dominated by survey research, which provided little concrete evidence on the financial impact of radical innovation. In this study we traced the financial performance of publicly traded manufacturing firms in the United States that introduced radical innovations over the period 1986-2000 and examined whether radical innovation could lead to superior financial performance in these firms. We employed the event-study method, matching each sample firm with a control group of firms in the same industry with similar pre-event performance and firm size. Our results show that while radical innovation helps firms maintain sales growth and return on sales (ROS), firm profitability in terms of return on assets (ROA) is not significantly improved. In fact, manufacturers suffer from a decline in profitability upon the introduction of radical innovations in new product development.     

论共产党员的“吃亏观”

以辩证唯物主义世界观可以辨别出老实人与不老实人的特征。共产党员要正确对待吃亏还是占便宜。党和人民始终信任不怕吃亏的老实人。共产党员要牢记宗旨,无私奉献,当老实人、说老实话、做老实事。