COMPETING IN THE NEW ECONOMY: MANAGING OUT OF BOUNDS

This commentary was distributed at the Mexico City meeting of the Strategic Management Society, and forms the basis for the Call for Papers made for the 1996 SMS meeting to be held in Phoenix, Arizona, USA, November 10–13, 1996 at The Pointe Hilton Resort. The Editors of the SMJ thought it worth drawing to our readers' attention and offer it here as an interesting perspective on our field, the issues it now faces, and by implication, what research and practice must confront over the years ahead.     

THE TIMING OF REAL OPTION EXERCISE: SOME RECENT DEVELOPMENTS

This paper briefly reviews one recent development in real options modeling. This development aims to extend traditional real options models. We show that previous models are incomplete in that only the optimal action threshold is derived. The new literature aims to provide, further information on optimal option exercise. By introducing the first passage time approach, empirically testable propositions on the probability of option exercise and the expected waiting time before an option is exercised are provided.     

DETERMINATION OF ECONOMIC VALUE ADDED FOR A PROPOSED INVESTMENT IN NEW MANUFACTURING

This paper discusses a measure for estimating the wealth creation potential of capital investments in manufacturing. The measure, called “Economic Value Added,” has recently become popular in the United States and can be derived from an after-tax analysis of cash flows generated by a capital investment. A proposed investment in manufacturing capacity is analyzed to illustrate the after-tax cash flow calculations required to determine its EVA potential.     

世界烯烃工业生产技术新进展

综述乙烯装置的规模趋向和技术经济指标,甲醇转化成烯烃技术以及增产丙烯技术。     

A FRAMEWORK FOR ANALYZING CHANGES IN STRATEGIC PERFORMANCE

In this paper we present a framework for analyzing changes in strategic performance. Traditional measures for comparing the strategic performance across firms or over time have been return on investment (ROI) and its component ratio, return on sales (ROS). We decompose the ROS ratio into four separate ratios that capture the impact of changes in a firm's productivity, price recovery, product mix and capacity utilization on its profitability. These ratios help to highlight the micro sources of strategic success or failure. They can be used to assess changes in the performance of a firm compared to itself over time, or to other firms in its industry group. This framework can also be used to evaluate changes in the dynamic performance of an industry as a whole. We illustrate the use of these ratios with a 4-year analysis of the performance of a large manufacturing company. We also demonstrate how the technique can be applied to an industry with an evaluation of the performance of U.S. telecommunications firms between 1975 and 1987, a period during which the industry experienced a progressive increase in competitive pressure.     

构筑包装类人才培养的素质教育体系

包装行业在我国起步较晚,发展很快,但与世界发达国家相比,差距还是很大的。近十几年来包装的质量、水平与国际同行业相比,是在一个较低的水准上浮动,教育是事业发展的基础,是根,是龙头,这种状态使包装教育者感到了一种无形的压力。“九五”末期,我国包装工业产值计划完成1844亿     

AN APPLICATION OF ACTIVITY BASED COSTING IN THE AIR CONDITIONER MANUFACTURING INDUSTRY

AIRCO is a manufacturer of industrial air conditioner units whose management is concerned that their current traditional cost accounting (TCA) system is not accurately representing their product cost behavior. Under certain operating conditions, an activity based costing (ABC) system can provide relevant and accurate indirect cost information that assists in making customer, product, and process improvement decisions. An ABC system was successfully developed for AIRCO that indicated that their products do not consume overhead costs on a volume basis as represented by their current TCA system. Valuable product and process information were obtained. This case study details the development process that was used and the results that were obtained during the ABC analysis.     

已经发生的未来

“当计算机变得越来越习惯于我们的思想、思维方式、决策过程、甚至是我们的身体和意识时．我们的生活才真正发生了重大的转变。”在青蛙设计公司首席创意官马克·罗斯顿眼中,未来,正裹挟着人类生活的一步步改变,扑面而来。     

论在中国建立后评价体系

介绍了后评价的缘起和发展背景,提出了在我国建立后评价体系的理论依据,探讨了有关后评价概念的重要内涵,并对我国的后评价体系进行了简要的描述。     

A NOTE ON THE CHOICE OF COST PARAMETERS IN MACHINING COST MODELS

The calculation of minimum cost cutting speed for machine tools is classic in manufacturing