Assessing the social impact of charitable organizations—four alternative approaches

• There is increased societal pressure on charities to improve performance. The questions that they must ask are: (1) Who is our audience? (2) What evaluation measures are important to the organization? and (3) What evaluation measures are best for the organization? There are a number of different approaches available for assessing performance, ranging from social accounting to more informal qualitative assessments of whether the organization's mission is being achieved. This paper draws on the industry and academic discussion of evaluations of nonprofit organizations to develop a four‐category typology of alternative approaches for audiences. It then identifies the benefits and limitations of each. The goal is to identify the steps that charities should use to determine which approach is most suited to their specific circumstances. It is proposed that a collaborative development of evaluation criteria, of whichever type, may be most appropriate as will draw together the experiences and resources of multiple parties, and may have broader appeal than evaluations proposed by individual nonprofits.

Copyright © 2010 John Wiley & Sons, Ltd.     

CHALLENGES TO THEORY DEVELOPMENT IN ENTREPRENEURSHIP RESEARCH*

Why do some new ventures succeed while others fail? What is the essence of entrepreneurship? Who is most likely to become a successful entrepreneur and why? How do entrepreneurs make decisions? What market, regulatory, and organizational environments foster the most successful entrepreneurial activities? Entrepreneurship research is plagued by these and other fundamental unanswered questions, for which there does not exist a cohesive explanatory, predictive, or normative theory. In this article we identify major challenges for entrepreneurship theory development, and offer insights into promising directions for future research. Our conclusion suggests that it may be too ambitious to expect a complete and robust theory due to the interdisciplinary nature of entrepreneurship. However, we show that by integrating perspectives and by applying analytic, empirical and experimental tools from a range of fields, some of the fundamental questions can be answered.     

Entrepreneurship,innovation and economic growth

The linkages among entrepreneurship, creativity, innovation and economic growth are only vaguely understood presently. This paper is an attempt to improve that understanding. The first step in establishing the linkages requires the formulation of knowledge about the psychological make-up of entrepreneurs. These questions are pertinent: What motivates humans to become entrepreneurs? Are entrepreneurs “rational economic men”? How important are monetary rewards to entrepreneurial creativity ? The second step requires information about how the human brain functions. The brain is bi-hemispheric and both sides of the brain play an important role in human decision-making. Nevertheless, we have a cultural bias in favor of the functions performed by the brain's left side. The third step requires an understanding of the process of creation and innovation. Several stages in this process have been identified. The stages of preparation, incubation, and illumination involve the brain's right hemisphere while the verification stage involves the left hemisphere. The final step integrates the first three. We assume that entrepreneurship is an essential determinant of economic growth, that the entrepreneurial function involves creation and innovation, and that entrepreneurship can be taught. This article is intended to provoke thinking and research incorporating new insights from several disciplines. These insights appear to bear more on entrepreneurship than is generally acknowledged.     

试论企业文化的形成机制与建设

企业文化作为社会大文化的一个子系统,客观地存在于每一个企业之中。优秀的企业文化,将极大地促进企业的发展,反之则将削弱企业的组织功能。那么究竟什么是企业文化?企业文化的内涵是什么?企业文化是如何形成的?这是学者和企业家们在讨论企业文化建设时十分关注并值得探讨的问题。本文首先分析这些基本问题,然后提出建设企业文化应抓好的几个重要环节。     

How societal culture influences friction in the employee–organization relationship

The proposed model unpacks societal culture's multi-level influence on friction in the employee–organization relationship (EOR), resolving two knowledge gaps: overreliance in EOR research on employee-centered concepts, ignoring the influence of the organization; and minimal theoretical analysis on why societal culture contributes to relational problems between the organization and its employees (Coyle-Shapiro & Shore, 2007). We argue that societal culture influences friction in employee–organization relationships through the individual-level mediator of work motives and the organization-level mediator of EOR strategy. Although EOR friction commonly occurs when employee work motives from one culture interact with EOR strategies from another, studies rarely examine the mechanisms that explain these relational challenges. Drawing on individualism, in-group collectivism and institutional collectivism, we explain two primary causes for EOR friction in each mismatched cultural condition, and offer potential solutions for reducing friction stemming from each source. Our arguments suggest that organizations who effectively adapt their HRM practices to the societal culture in which they operate will be less likely to experience EOR friction than organizations who adopt a more ‘one size fits all’ relational EOR strategy.     

Adjusting to the Oil Price Fall

In his Budget speech last March Mr. Lawson said “If we can survive unscathed the loss of half our North Sea oil revenues in less than 25 weeks, then the prospective loss of the other half over the remainder of the next 25 years should not cause us undue concern.” In this Viewpoint we ask whether Mr. Lawson's optimism was premature. Although we continue to believe that the fall in oil prices will have favourable effects on the UK economy, there will be problems of adjustment which could be painful. We ask the following questions: (a) What adjustment to the balance of payments is needed to compensate for the fall in oil prices? (b) How will the adjustment occur? (c) How far can the recent weakness of sterling be explained by the fall in oil prices, or is there a more alarming explanation?     

Strategies for successful organizational downsizing

This article reports the results of a study of 30 organizations that engaged in downsizing over a four-year period. Three questions were investigated: (1) What general strategies are used by organizations to downsize? (2) What are the effects of downsizing on organizational performance? (3) What are downsizing's “best practices?” or, What are the differences between organizations that effectively downsize and those that do not? Three main strategies for downsizing are explained, the managerial actions to overcome the negative effects of downsizing are enumerated, and the best practices of successful downsizing firms are presented.     

‘A life on the ocean wave’: the ‘post-socialist’ careers of Chinese,Russian and Eastern European seafarers

The emergence of the global labour market (GLM) provides a novel platform for young professional workers to design and develop their careers. This is particularly true for those from China, the former Soviet Union and other Eastern European countries, where economic liberation has made it easier for professionals to move both internally and internationally. Taking into account national variations in economic transition and political constraints, several questions are raised. How does the GLM, for example, influence its choice of employers and career development? What are the similarities and differences between Chinese and Eastern European seafarers? What factors contribute to these differences? Those questions are addressed here, through a study of the case of seafarers for whom a global labour market has been established since the 1980s. By collecting crew information worldwide, a global seafarer database has been built in the Seafarers' International Research Centre (SIRC) at Cardiff University. Accordingly, this paper develops a methodological framework for analysing and comparing seafarers' careers, and revealing the features of career development amongst four major seafarer supplier countries: China, Russia, the Ukraine and Poland.     

Governance and control in distributed ledgers: Understanding the challenges facing blockchain technology in financial services

As blockchain platforms are becoming increasingly noticeable in financial services and beyond, questions arise regarding their suitability to compete with or replace existing payment systems and marketplaces and redesign the financial infrastructures of the future. Prominent among these concerns are issues around governance and control in distributed ledgers: How are distributed ledger technologies governed? Can blockchains address complex administration problems? What key issues of note for practitioners and academics have emerged thus far? In this paper we aim to review the existing governance practices of established or popular blockchain and decentralized autonomous organization (DAO) systems with a view to understanding how they hold up in times of crises. What questions are raised when they are compromised or faced consensus challenges in coordinating action especially around control and accountability? We use a translational process, generating focal insights about present concerns from the reference point of completed academic studies and extensive practitioner consultation. Rather than adopting a declarative approach attempting to provide all the answers, we draw insights from the IT platform governance literature to offer a critical perspective for asking the right questions around key governance issues in financial infrastructure such as decision rights, control mechanisms, and incentives.     

Case studies of computer integrated manufacturing systems: A view of uncertainty and innovation processes

The adoption and implementation of new manufacturing processes are conceptualized in terms of coping with uncertainty. Manufacturing management opts for new equipment in order to reduce certain long run, nagging uncertainties, but at the expense of introducing considerable short run uncertainty associated with the innovation. Various coping strategies must be employed to deal with the situation. Our ideas are explored and developed by comparing how four firms in different countries adopted and implemented computer integrated manufacturing systems (CIM). Qualitative interviews with managers at different hierarchical levels and in different functions brought answers to the following questions: 1) What were the reasons for adopting a CIM? 2) What strategies were employed in order to facilitate the introduction of CIM's into the Firm? 3) What were the significant implementation problems that were encountered? In spite of cultural and other differences among the firms, coping with uncertainty explains significant aspects of their innovation processes.     

Leadership learning: Crucial conversations,next steps,and thoughts for consideration

Forty years ago, the questions most discussed among those who cared about leadership were “is leadership possible among those who don't have titles and positions?”; “what are the characteristics possessed by effective leaders?”; and “how do we find the people who are the best leaders and help them prepare for positions that will allow them to have an impact?” After many conversations, conferences, research studies, and books, the terrain has shifted among scholars. Now the conversations focus on questions such as “If leadership is a shared responsibility among members of groups, how can the full leadership potential of all be cultivated?”; “What role do collaborators play in empowering positive leadership and defending against those who misuse it?”; and “How can organizations cultivate cultures that support and encourage visionary leadership dedicated to benefitting all?” The shift in the questions that leadership educators now explore, coupled with the breadth and variety of the initiatives dedicated to nurturing it, demonstrate that leadership can be taught. More importantly, the practice of leadership demonstrates that many can pursue leadership and that they must if the opportunities of the 21st century are to be fulfilled. The conversations and the needs for leadership have both shifted and it is now incumbent on those who value leadership most to agree to unifying perspectives that can draw us together in common purpose. From your vantage point, what are the crucial conversations, next steps, and/or thoughts for consideration as we enter the second decade of the 21st century?     

Field vehicle fleet management in humanitarian operations: A case-based approach

Transportation is the second largest overhead cost to humanitarian organizations after personnel. Academic knowledge about fleet management in humanitarian operations is scarce. Using a multiple case research design we study Field Vehicle Fleet Management (Field VFM) in four large International Humanitarian Organizations (IHO): the International Committee of the Red Cross, the International Federation of Red Cross and Red Crescent Societies, the World Food Program and World Vision International. Our field research includes more than 40 interviews at headquarters, regional and national level in Africa, the Middle East and Europe. The paper answers three research questions: (1) How do IHO manage their field vehicle fleets? (2) What are the critical factors affecting IHO Field VFM? (3) How does Field VFM affect in-country program delivery? The contribution of this research is twofold. First, it helps to fill the existing gap in the humanitarian literature regarding Field VFM. Second, it expands the fleet management literature to a new and virtually unexplored area.     

Die Gestaltung von Gründungswettbewerben

Founding competitions have recently been very popular in the German-speaking world. They are considered as being important tools to foster an entrepreneurial culture. This paper addresses three important questions: (1) How should founding competitions be structured? (2) How can founders be motivated to submit promising concepts? (3) How can the participants be supported in the subsequent founding process? We provide a number of Hypotheses that can be used as a starting point for future empirical research in this area.     

The Irrelevance of Control Rights in Agency Models under Risk Neutrality

The allocation of control rights is a key issue in incomplete contracts. In this paper, we add an exit option, the right of early termination, to the standard agency model for employment contracts. We address two questions: (1) Who should have this right? (2) What is the effect of its inclusion in a contract? Under risk neutrality, we find that (1) it does not matter for investments and economic efficiency to whom this right belongs, although it may affect contractual terms and income sharing, and (2) although the allocation of this right does not matter, its inclusion can have either a positive or a negative effect on economic efficiency. Our analysis provides a benchmark for more general analyses on control rights under risk aversion. Copyright © 2013 John Wiley & Sons, Ltd.     

Legacy fundraising: a practical guide to the basics

• Remember a Charity, the public awareness campaign run by over 130 charities in the UK, has stated that donations in wills are the largest single source of voluntary income for charities—currently worth £1.3 billion per year (April 2005).
• So can legacies to charity still be described as just windfall money? Should charities spend precious funds on promoting legacy giving when it is difficult to monitor results? It so, what is the message? Who are the target audiences? What form should legacy promotional literature take? What part could or should solicitors and funeral directors play in legacy campaigns? Patrick Wise looks back on his twenty plus years of experience in the world of charitable legacies, and gives his views on the answers to these questions, and why he thinks all charities should take legacy promotion very seriously.

Copyright © 2005 John Wiley & Sons, Ltd.     

Democracy and adaptation to economic and technological change: Is the British political system capable of adjusting?

Political systems provide the framework for organizational and technological change. Democratic systems are in some respects more open to economic and social adjustment than non-democratic systems; but the conflicting demands of entrenched interests and competition among parties for votes themselves create obstacles to adaptation.Britain's political system is the most stable in Western Europe, but it is also (after Italy) the one which is showing most signs of strain. How far is political stability a source of strength or of weakness under conditions of rapid economic and technological change? What aspects of Britain's current political difficulties are common to all democracies (as Sam Brittan argued in a classic study), or to all European social welfare economies, and what aspects are peculiar to our system alone? After five years of the most self-consciously radical government which Britain has had since 1945, how successful has our current government been in promoting economic and social change, while resisting any changes in our political system?It is argued that there has been a negative interaction between repeated efforts to transform Britain's industrial structure, and industrial relations, for example, and the obstacles to change posed by a restricted and centralised political system. Other illustrations of the interaction between political structure and policy output are taken from the evolution of Britain's relations with the European Community, from the management of industrial collaboration with other governments, and from attempts to reform the finances of local government. Britain's experience is compared and contrasted with those of the United States, France, Germany and Japan.     

城市·中国力量

中国高速前进的城市化进程和快速的造房运动,在提高人们物质文化生活水平的同时,也带来了诸如交通拥挤、住房紧张、噪音和空气污染等日益严重的问题。挑战当前,如何提高城市化水平?中国未来城市的可持续发展的模式是什么?房地产未来市场格局如何?中外有关政府、非政府组     

企业会计信息质量的评价与鉴定

企业会计信息质量,特别是上市公司会计信息质量,近些年以来一直是社会关注的热点。什么是会计信息质量?如何评价与鉴定会计信息质量?既是理论问题也是实务问题。文章试图研究这些问题。     

Sense,nonsense and the S&P500

The theory of financial markets is well developed, but before any of it can be applied there are statistical questions to be answered: Are the hypotheses of proposed models reasonably consistent with what data show? If so, how should we infer parameter values from data? How do we quantify the error in our conclusions? This paper examines these questions in the context of the two main areas of quantitative finance, portfolio selection and derivative pricing. By looking at these two contexts, we get a very clear understanding of the viability of the two main statistical paradigms, classical (frequentist) statistics and Bayesian statistics.