Snatching capital campaign success from jaws of failure

This article details the steps of one medical center which turned an "almost" $3.1 million capital campaign into a success. Leadership provided the steps to victory for a development director who stepped into a job with the high prospects of failure. In two years, he made his goal.     

The role of intellectual capital in the success of new ventures

Identifying the factors that contribute to the success of new ventures is a difficult and challenging task. In that respect, this paper proposes an analysis of the intellectual capital within new business ventures. Based on the study of a sample of 130 new companies, for the purpose of this work we have analysed the influence of the proposed intangible assets on the success of newly-created organizations, acknowledging the key role of the human and relational capital in the first few years of the life of the business.     

Strategic human capital and the performance of public sector organizations

Organization scientists have long considered human capital as a strategic asset that contributes to organizational effectiveness. Whereas the strategic importance of human capital has been widely studied in the case of for-profit organizations, measurement difficulties and the role of human capital in the public sector have received little attention. The present study attempts to bridge this gap by suggesting a behavioral approach to measuring organization-specific human capital and examining its impact on the financial performance of local government authorities in Israel. The results confirm the strategic importance of human capital. Local government authorities that possess strategic human capital—namely, a workforce that is highly educated, that exhibits organization-specific competencies and experience, and that is valuable, unique, and imperfectly imitable—exhibited a better financial performance, as measured by a three-financial ratio scale over 2 fiscal years.     

The secret of campaign success. How Kansas Special Olympics raised $1.35 million

Non-profits can spend so much time concentrating on how they will reach their goal, that they forget who will help get them there. For Kansas Special Olympics (KSO), the secret to raising a million dollars had as much to do with the people as it did the process.     

Project success and project team management: Evidence from capital projects in the process industries

Efficient project execution is a key business objective in many domains and particularly so for capital projects in the process industries, but existing project management research gives little direction about how project team factors influence three important capital project outcomes: cost, schedule, and operability. After an extensive cross-disciplinary review of the general team and project management literatures, we constructed and tested a theoretically based, five-dimensional model of organizational context, project team design, project team leadership, project team processes, and project outcome factors. We examined the model by means of an empirical study of 56 newly completed capital projects executed by 15 Fortune 500 companies in the process industries. The results indicate the value of disaggregating project outcomes for research purposes. Different bundles of project team factors were found to drive project cost, schedule, and operability. Project team efficacy, cross-functional project teams, autonomous project team structure, and virtual office usage were the strongest predictors of project cost effectiveness. Continuity of project leadership, cross-functional project teams, and project manager incentives were the strongest predictors of project construction schedule. In contrast, clear project goals and an office design to facilitate effective communication were the main predictors of plant operability. Implications of these findings for researchers and project practitioners are discussed. One major practical implication of our findings is that project managers need to clearly focus and prioritize their goals for each project so they can adopt the appropriate bundles of project team practices that will facilitate their goal achievement.     

提高股民信心发展资本市场

《中共中央关于完善社会主义市场经济体制若干问题的决定》对发展资本市场十分重视,理论上有许多创新,论述非常精辟、深刻、具体。《决定》关于要“使股份制成为社会主义公有制的主要实现形式”,关于要“有选择分步骤放宽对跨境资本交易活动的限制”等论述,对我国金融体制改革和资本市场的发展,具有深远的指导意义。     

The long-term success of M&;A in the automotive supply industry: determinants of capital market performance

In the recent past, the automotive supply industry has been facing increasing merger activity. This paper examines the short- and long-term wealth effects of horizontal mergers and acquisitions on acquirers in the automotive supply industry. Based on a sample of 230 takeover announcements between 1981 and 2007, significant positive announcement returns to acquiring companies were determined. While these positive short-term returns to acquirers represent an outstanding attribute of this industry in terms of perceived synergy potential, this study also finds that acquirers are unable to sustain this exceptional position beyond a short-term horizon. A combination of the Fama-French-3-Factor model in calendar time and the control firm approach in event time consistently reveals significant value destruction of about 20% over 3years. In addition, the study determines a significant impact of internationalization, transaction volume, product diversification, and acquirer’s bidding experience on the long-term post-acquisition performance.     

Capital campaign basics promise high visibility

For an organization to conduct a well-supported, successful capital campaign, there's more required than a willing spirit and an institutional need. Dedicated volunteers, an enthusiastic constituency, professional advice and a detailed feasibility study before a campaign is launched are the necessary components.     

Restricting capital outflow

According to the “Capital Asset Pricing Model”, an individual can increase his utility by diversifying his capital across countries. If that is the case, then why do governments impose restrictions on capital outflow? This paper argues that foreign owners of capital have less political power than domestic ones and therefore capital liberalization weakens the political power that protects capital, increases the taxation of capital and thus reduces total investment. Indeed, most of the empirical evidence suggests that capital liberalization is positively correlated with government expenditure, social security spending and corporate taxation.     

a capital idea

Christie Davies, of Reading University, proposes to stifle the clamour for Scottish independence by creating an additional British capital in Edinburgh.     

Salvation Army utilizes intensive personal cultivation campaign

The cultivation program goal was to increase the cash income through developing good personal rapport with donors. It was decided that no one would be directly asked to give more money during the first couple of years until that rapport was established.     

Measuring program success

Growth in the use of programs has led to a requirement of understanding what constitutes program success. A measurement construct for program success, which comprises four dimensions—delivery capability, organizational capability, marketing capability, and innovative capability—was developed based on 172 responses to a web‐based questionnaire to program managers. Analysis of variance (ANOVA) and canonical correlation analysis were applied to test for the relationship between program success and program context. Results showed that the measurement construct for program success was stable over different types of program contexts. It provides a tool for further investigation into program success assessment.     

企业社会责任运动与科学发展

一、企业社会责任运动体现了科学发展思想 企业社会责任运动是市场经济及社会发展的必然结果。西方发达国家的经济水平已经达到相当发达的程度,他们开始注意企业与环境、与社会的关系,注重企业在社会责任方面的表现,更注重对人的尊重和人的价值的实现,因而企业社会责任运动是人类社会文明发展与进步的趋势,是符合科学发展观的思想的。     

Evaluating capital investment projects

The risk-adjusted discount rate method for evaluating capital investment projects applies the risk-adjusted rate to equilibrium as well as disequilibrium expected returns, leading to biased NPV calculations. This paper uses the CAPM framework, and suggests a procedure for applying the risk-adjusted rate without causing a bias. The procedure is shown to result in NPVs identical to those obtained by the certainty equivalent approach. A comparison with a previously suggested procedure is also provided.