A framework for strategic decision making and performance among Chinese managers

This study develops an integrative model that explains the relationship between Chinese culture, managers' strategic decision making (SDM) processes, and organizational performance. For the study 1200 participants were randomly selected from a business club's company register, resulting in 204 valid respondents. The results highlighted two significant SDM paths used by managers: (1) the cognitive-speed path, which suggested that Overseas Chinese managers (the Chinese who live outside of Mainland China) focus on the big picture, draw analogies from past experiences, and use extensive networks to reduce the duration of the decision process; and (2) the social-political path which shows that Overseas Chinese managers focus on collective interests, strive to maintain harmony, and to save face while using a collaborative style to handle conflict; this approach reduces dysfunctional political behavior, while reinforcing the decision team's focus on common goals. From these results we concluded that a speedier decision making process (based on intuition, experience, and networks) accompanied by the appropriate use of political behavior (that created harmony, through a hierarchical structure, during conflict management) in the Overseas Chinese managers' strategic decision making process could positively influence organizational performance.     

Stratified network mapping decision making technique based decision support framework for R&D budget allocation in South Korea

In this research work, we proposed and developed a stratified network mapping (SNM) decision making method and used it to improve the industry–university specialization in R&D in each region selected in this study. The proposed method considers the influence of criteria on and their priority in alternatives performance evaluation process. By analyzing the influence of these criteria on decision-making, we can easily improve the performance of alternatives. The SNM gives a clear understanding of each alternatives performance efficiency level. It explores possible and inefficient states and high-level influence states in inefficient states. Narrowly using multi-criteria decision-making methods to rank alternatives does not improve the performance of alternatives. The proposed method helps rank alternatives and improve the performance level of alternatives in each state. We analyzed the R&D investment of central and local governments of South Korea. It is an attempt to invigorate and facilitate R&D collaboration using a decision support model. We analyzed industry–academia research networks and enhanced the efficiency of the research.     

Towards a framework for the elicitation of dilemmas

This paper covers the main findings of the doctoral research that was concerned with seeking to extend aspects of dilemma theory. In professional practice, the Trompenaars Hampden-Turner Dilemma Reconciliation Process^TM is a vehicle delivering dilemma theory in application. It informs a manager or leader on how to explore the dilemmas they face, how to reconcile the tensions that result, and how to structure the action steps for implementing the reconciled solutions. This vehicle forms the professional practice of the author who seeks to bring more rigor to consulting practice and thereby also contribute to theory development in the domain. The critical review of dilemma theory reveals that previous authors are inconsistent and variously invalid in their use of the terms ‘dilemma theory,’ ‘dilemma methodology,’ ‘dilemma process,’ ‘dilemma reconciliation,’ etc., and therefore an attempt is made to resolve these inconsistencies by considering whether ‘dilemmaism’ at the meta-level might be positioned as a new paradigm of inquiry for (management) research that embodies ontological, epistemological, and methodical premises that frame an approach to the resolution of real world business problems in (multi) disciplinary; (multi) functional and (multi) cultural business environments. This research offers contributions to knowledge, professional practice and theory development from the exploration of the SPID model as a way to make the elicitation of dilemmas more rigorous and structured and in the broader context of exploring ‘dilemmaism’ as a new paradigm of inquiry.     

Towards a functional framework for measuring national innovation efficacy

In an increasingly globalised economy, the ability to draw in innovations and ideas from elsewhere and build on them to create value at home has become a powerful facility for economic growth. Since some places are better at adopting and adapting borrowed ideas than others, the function of ‘innovation through adoption’ deserves more attention at both scholarly and policymaking levels. Based on such beliefs, this paper elaborates the notion of ‘innovation through adoption’ and develops it further to advance the notion of ‘innovation efficacy’. The latter is interpreted here as the efficiency and effectiveness of innovation systems in terms of accessing, anchoring, diffusing, creating and exploiting innovations. This notion is further illustrated in a measurement tool based on a composite index, which we name the ‘Innovation Efficacy Index’.The ultimate contribution of the paper lies in its aim to shift the traditional focus of attention from a fixation with developing and exploiting new knowledge locally to the prospect of value creation through accessing, anchoring or diffusing knowledge acquired from elsewhere.     

Towards a framework for supply chain finance for the supply side

Buyers increasingly offer financing alternatives to their suppliers – so called supply chain finance (SCF) practices for the supply side. Expected benefits however do not always materialize for involved actors. Guidance is needed when to provide these SCF practices to suppliers and why to select different types of practices. To provide this guidance, the paper involves an exploratory multiple-case study design including data within eight buyer-supplier-financial service provider triads. The findings explain contextual situations for the provision of SCF practices based on the contingency approach. They distinguish endogenous, relationship-related and exogenous contingencies within the aforementioned triads. Differentiation criteria are determined for the selection of SCF practices along the dimensions ‘time of financing’ (pre- versus post-shipment) and ‘source of funds’ (supply chain internal and external). Testable propositions and key learnings summarize the derived findings and form the basis to develop a contingency framework on SCF practices for the supply side.     

Effective participative decision making: A joint responsibility for success

Much of the current research on participative decision making focuses on the increasing need for broad-based decision-making systems, on the different outcomes associated with different forms of participation, or on the problems associated with poorly managed participative decision-making systems. This article considers the responsibilities of employees who participate in organizational decision making and the responsibilities of employers who expect to share decision-making tasks. A Bill of Responsibilities for Employees and a Bill of Responsibilities for Employers are presented. Pitfalls associated with neglecting these responsibilities are discussed.     

A heuristic method for aggregate planning: Production decision framework

This paper presents an understandable and straight-forward method for making work force level and inventory planning decisions, i.e., dynamic aggregate planning decisions.The development phase utilizes a ratio, named RPCC, which represents the relative value of the cost of changing the production level to the cost of carrying inventory. This ratio is used to determine the length of an effective planning horizon. Two indicators are calculated to reflect the demand to current production rate over different time periods. Based on the joint values of these indicators, the planning problem is subdivided into one of nine mutually exclusive and exhaustive states. A set of action statements, representing logical responses to each of the sub-problems, is formulated.After completion of the development phase, the performance of the Production Decision Framework model is tested in several real case environments. Suggestions are made for further improvement.     

Towards a resilience management framework for complex enterprise systems upgrade implementation

The lack of knowledge of how resilience management supports enterprise system (ES) projects accounts for the failure of firms to leverage their investments in costly ES implementations. Using a structured-pragmatic-situational (SPS) case study research approach, this paper reports on an investigation into the resilience management of a large utility company as it implemented an ES upgrade. Drawing on the literature and on the case study findings, we developed a process-based resilience management framework that involves three strategies (developing situation awareness, demystifying threats, and executing restoration plans) and four organisational capabilities that transform resilience management concepts into practices. We identified the crucial phases of ES upgrade implementation and developed indicators for how different strategies and capabilities of resilience management can assist managers at different stages of an ES upgrade. This research advances the state of existing knowledge by providing specific and verifiable propositions for attaining a state of resilience, the knowledge being grounded in the empirical reality of a case study. Moreover, the framework offers ES practitioners a roadmap to better identify appropriate responses and levels of preparedness.     

Information and decision making: A search for method and understanding

Despite the emphasis during the 1980s on value for money and the need to increase business efficiency in order to face competitive world markets, exactly how managers search for information for business decisions remains a neglected topic of academic inquiry. In response to this situation, the paper has two purposes. The first is to develop an initial understanding of how information is searched and used in business contexts; the paper describes how participants searched and used accounting information in a relatively unstructured competitive tendering task. Second, it shares the experiences gained from trying to research the topic. A number of experimental design and analysis issues are raised and discussed.     

Collective decision making by committee

Implicitly or explicitly, economic decisions always contain elements of compromise. However, the bargaining models of economic theory treat only the two decision maker case with linearly aggregated priorities; i.e. compromise decisions under Pareto optimality and no side payments. Even then the relative importance of the decision makers remains indeterminate. This paper proposes a simplified bargaining model with three new features: (a) it allows multiple participants; (b) it uses optimal voting patterns to combine the policy proposals, rather than the policy priorities, to form those compromise decisions; and (c) it determines the relative power of each participant endogenously. Perhaps more important, the method does not depend on each decision maker knowing the preferences of his colleagues exactly.     

Bargaining and strikes: Towards an evolutionary framework

Conventional models of strikes start with the assumption that the bargainers' uniquely rational beliefs can be worked out in advance. Strikes are then explained as either the result of institutional constraints or of the possibility of irrationality. By contrast the evolutionary approach begins with a recognition that bargaining is naturally indeterminate and that, in the absence of a unique model of rational bargaining, conflict-free agreements between rational trades unions and firms reflect the evolution of one out of many possible conventions. This paper explores the alternative interpretation of strikes afforded by this perspective. In particular, it shows how strikes help shape the dispositions of bargainers (as opposed to just revealing it), how periods of conflict are succeeded by periods of industrial peace (and vice versa), and how the stability of bargaining protocols depends not only on the conventions regulating the relations between unions and firms but also on those between workers and union leaders as well as on technological innovations.     

Towards mediation: developing a theoretical framework to understand alternative dispute resolution

This article examines alternative approaches to conflict resolution by developing a theoretical framework that relates dispute resolution practice to philosophical assumptions about authority and knowledge. By investigating the assumptions underpinning interest‐based bargaining and mediation their link to direct democracy and challenge to managerial authority are revealed at the level of theory and practice.     

Towards a managerially specific (MS) framework for bank capital adequacy

The stock market crash of 1987 and continuing Third World debt problems are among the factors that have re-emphasized the importance of bank capital adequacy. The contemporary academic literature, however, seems to provide limited practical help for banks in this important decision area. This study develops a strategic framework for the appraisal of capital adequacy within the banking firm. It is suggested as a suitable practical way of overcoming the uncertainty problems for which bank capital adequacy is alleged to exist.     

Cooperative governance under increasing member diversity: Towards a new theoretical framework

In advancing the notion of stakeholder capitalism, the great reset of management and organization theory must address governance implications of stakeholder heterogeneity. The paper contributes to this task by focusing on the governance of agricultural cooperatives whose members often have heterogeneous preferences. The key novel idea is to conceptualize cooperative governance in the light of the proposed distinction between the core and peripheral activities of cooperatives. While core activities are based on members’ truly common interests, peripheral activities include all else. This approach allows tracing governance challenges of agricultural cooperatives back to the inflation of peripheral activities. Based on this approach, cooperative managers and members are advised to minimize these activities and to draw clear boundaries between core and periphery.     

Towards a unified framework for high and low frequency return volatility modeling

This paper provides a selective summary of recent work that has documented the usefulness of high-frequency, intraday return series in exploring issues related to the more commonly studied daily or lower-frequency returns. We show that careful modeling of intraday data helps resolve puzzles and shed light on controversies in the extant volatility literature that are difficult to address with daily data. Among other things, we provide evidence on the interaction between market microstructure features in the data and the prevalence of strong volatility persistence, the source of significant day-of-the-week effect in daily returns, the apparent poor forecast performance of daily volatility models, and the origin of long-memory characteristics in daily return volatility series.     

Propensity for participative decision making in Latin America: Mexico and Peru

Increased subordinate participation in management decisions has been a recognized trend in developed Western organizations in recent decades. This study examines a manager's propensity for engaging in participative decision making (PPDM)in two emerging Latin American nations, Mexico and Peru. Although these two nations possess some degree of cultural similarity, two key differences were identified. First, Mexican managers who believed that PDM reduces a manager's power base were also likely than others to see a positive link between PDM and organizational effectiveness. In contrast, Peruvian managers who believed that PDM reduces a manager's power base were less likely than others to see a positive link between PDM and organizational effectiveness. Second, Mexican managers operating in participative organizational cultures were less committed than other managers to participation as a management philosophy and to their organizations. In contrast, Peruvian managers operating in participative organizational cultures were more committed than other managers to participation and to their organizations. Conclusions and directions for future research are also presented.