THE MANAGEMENT OF MEANING IN THE POLISH CRISIS[1]

The concept of ‘organizational culture’ proves to be fruitless when applied to organizations in socialist economies. Instead, this paper focuses on a more general relationship between organizational life and the cultural context of organizing. Three examples illustrate the proposed approach. In the first, the Polish ‘propaganda of success’, used in the years 1970–80 by the ruling élite, is analyzed as a case of the use of ideology to manage the meaning shared by participants in economic life. In the second, the battle between the government and the Solidarity movement is interpreted as a battle over meanings. In both examples, the successful management of meaning demands the fit between ideology and national culture. The third example, contrasting Polish and American myths about the origins of organizational effectiveness, shows how everyday organizational life is embedded in the historical and cultural context of a given country. The paper ends with a proposal to concentrate further research efforts on the complex relationships between organizational control and culture.     

MANAGERIAL COGNITION: A MISSING LINK IN STRATEGIC MANAGEMENT RESEARCH

This article explores the linkages between cognitive science and strategic management research. It begins by noting that Schendel and Hofer, in their classic work Strategic Management: A New View of Business Policy and Planning, implicitly assumed a cognitive basis for much of the strategy-making process but did little to systematize a cognitive approach. Next, the article examines the foundations of modern cognitive science. Several areas of recent research that are particularly relevant to strategic thinking are reviewed. The article concludes with a call for a more explicit cognitive emphasis in strategic management.     

SELF REGULATION, CRISIS MANAGEMENT AND PREVENTIVE MEDICINE: THE EVOLUTION OF U.K. BANK SUPERVISION

This article examines the transition in bank supervision from an ideology of self-regulation to a more open-ended, preventive-medicine approach. It explores the processes by which the supervisors are developing a realistic and relevant appreciation of the banking system as a network of organizations [1].     

信仰缺失是经济危机的本质

这次经济危机和金融危机的实质的确是精神的危机和信仰的危机。在危机中,信心的确比黄金更重要,但信心的基础是诚实,是信赖。越是处在欺骗的环境中,大家就越没有信心。     

REVIEW OF LITERATURE ON WORKING CAPITAL MANAGEMENT AND FUTURE RESEARCH AGENDA

The purpose of this study is to take a stock of what has been studied on working capital management (WCM) so far and ascertain the factors which are more likely to be impacted by poor WCM. Moreover, it aims to spell out the areas for further research on WCM so that the body of knowledge can be expanded. A systematic literature review of the research works on WCM has been performed using Google Scholar. Articles with citations of 50 and above as of June 05, 2018 are considered for the detailed citation based analysis. Further, classification of such articles has been done on the basis of common themes followed by a thorough content analysis. The citation based analysis suggests that there is a growing popularity of studies related to WCM in recent times. However, majority of the impactful studies are published in relatively lower category journals. This further intrigues us to explore the content of such studies. Based on the content, the studies are classified under five different themes. It is found that majority of the highly cited articles have examined the relation between the WCM and profitability of the firms. Moreover, repetitive uses of few proxies in such studies have also been identified. This finding most probably explains the reason behind so many highly cited articles getting published in relatively lower category journals. In view of this, this study tries to explore further scope of research on WCM and lists down potential research questions for the future researches. Firstly, it provides an idea about the most cited area of researches related to WCM and the recent growth of studies in this domain. Academicians can decide upon their future area of research based on the findings related to the proxies and outcome from these studies. Secondly, it shows the most popular avenue of publishing the articles related to WCM which will certainly motivate the researchers to pursue such study. It has been found from the analysis that majority of the impactful articles are published in lower category journals. Therefore, this study identifies the reason behind the same and lists down some innovative research questions to provide some future research directions. Thirdly, the finance managers can use this finding to identify the relevant consequences of poor WCM. Finally, it can serve as a reference point for all future ideas related to WCM. The paper classifies the present literature on WCM into five major themes and performs a content analysis of the same. This is essential as the content analysis highlights different proxies used as inputs which effectively drive efficient WCM. Moreover, the study also identifies the huge scope of future research in the domain of WCM. According to our limited knowledge, such extensive literature review on WCM is rare.     

第二次营销危机诊断——以“丝宝”为代表的终端营销失效成因剖析

今天中国本土营销实践再一次走到了举目彷徨的十字路口.上一次十字路口发生在90年代中后期,本土企业在经过一轮盲目火热的"广告烧钱"之后,经历了秦池、爱多等"标王"的纷纷落马,看到了奥美等"国际4A"的折戟沉沙,"广告明星们"的风光不再以及惨痛教训使得本土企业在哀鸿遍野中怀疑、冷静并反思,开始由"广告主导的营销"转向"终端主导的营销",终端营销这一在"科特勒经典营销理论"中几乎未提及的工具开始被越来越多的本土企业视为市场运作中的重中之重,并因此有了"渠道制胜、终端为王"的说法,丝宝的舒蕾更成了运用终端战略挑战宝洁的本土企业成功典范.     

A RESEARCH AGENDA FOR STRATEGIC MANAGEMENT IN THE 1990s

The importance of thinking strategically is often glossed over when academics try to apply this concept to themselves. This frequently results in research or articles that are not very insightful or useful either to other academics or to practising managers. To overcome this problem and to explore the future needs of the field of strategic management, this article proposes topics for a research agenda for strategic management in the 1990s that is based on the forecast of ‘experts’ in the field.     

THIS IS NOT A CREDIT CRISIS – IT IS A DEBT CRISIS

Using an analogy with ancient Babylonia as its leading theme, this viewpoint argues that the credit crisis is the symptom of an underlying problem. Fuelled by government policies, unprecedented debt levels were run up in industrialised countries over the last quarter century. Present policies of financial sector bailouts are not only an unwise use of taxpayers' money; they maintain economic structures opposed to what classical liberals such as J. S. Mill envisaged as a free-market economy.     

DELEGATED PORTFOLIO MANAGEMENT: A SURVEY OF THE THEORETICAL LITERATURE

Abstract.  This paper provides a selective review of the theoretical literature on delegated portfolio management as a principal–agent relationship. The main focus of the paper is to review the analytical issues raised by the peculiar nature of the delegated portfolio management relationship within the broader class of principal–agent models. In particular, the paper discusses the performance of linear versus nonlinear compensation contracts in a single-period setting, the possible effects of limited liability of portfolio managers, the role of reputational concerns in a multiperiod framework, and the incentives to noise trading. In addition, the paper deals with some general equilibrium dimensions and asset pricing implications of delegated portfolio management. The paper also suggests some directions for future research.     

A PROFILE OF DOCTORAL DISSERTATIONS IN STRATEGIC MANAGEMENT: A NOTE*

A study of 88 randomly selected strategy-related dissertations was conducted to develop a statistical profile of dissertations in the strategic management field. This study also provides some empirical evidence supporting the criticism that the field is fragmented.