In Pursuit of Time: Business Plan Sequencing,Duration and Intraentrainment Effects on New Venture Viability

In this study, we examine three under‐explored dimensions of the temporal relationship between formal written business plans and the achievement of new venture viability. First, we theorize and investigate the effects of plan sequencing; arguing that a business plan written early on in new venture development increases the prospects of venture viability. Second, we examine plan duration effects, and argue that there is a curvilinear relationship between spending time on a plan and achieving venture viability. Finally, we investigate plan intraentrainment effects (synchronization with other gestation activities). We theorize that if plans are synchronized with other gestation activities, venture viability is more likely. Using longitudinal data and controlling for truncation and endogeneity issues, we find that it is beneficial to plan early but that this is contingent on how long a founder spent on a plan and whether or not a plan is intraentrained with other gestation activities.     

Employee health insurance decisions in a flexible benefits environment

This study investigates the factors which influence employees' choices among different health insurance options under a flexible benefits plan. Employee-specific selection and demographic data provided by the former National Cash Register (NCR), were used to analyze the effects of employee and plan characteristics on choice of health care plan. Results suggest that employees' health plan choices are influenced by premium, deductible, and coinsurance amounts, and by employees' age, gender, salary, and marital status. The results are considered within an expected utility maximization model. Implications for the design of flex plans as well as future research and theory are discussed. © 1996 by John Wiley & Sons, Inc.     

Learning by doing: Active employer sponsored retirement savings plan participation and household wealth accumulation

This paper investigates the impact of household exposure to employer pension plan features using the Health and Retirement Survey. We investigate whether exposure to active management (choice) or participation in plan-sponsored financial education seminars impacts household portfolio allocations and wealth. We consider interactions between pension design and investment patterns outside of workers’ pension plans, utilizing two parametric estimators: the random effects probit and the multivariate probit. We extend our results non-parametrically via propensity score matching. We find repeated evidence that both of the plan features improve asset allocations and financial outcomes for recent retirees, especially when used together.     

Evaluating Form and Functionality of Pay‐for‐Performance Plans: The Relative Incentive and Sorting Effects of Merit Pay,Bonuses, and Long‐Term Incentives

Using two‐year longitudinal data from a large sample of US employees from a service‐related organization, the present study investigates the relative effects of three forms of pay‐for‐performance (PFP) plans on employees’ job performance (incentive effects) and voluntary turnover (sorting effects). The study differentiates between three forms of pay: merit pay, individual‐based bonuses, and long‐term incentives. By definition, these PFP plans have different structural elements that distinguish them from each other (i.e., pay plan form) and different characteristics (functionality), such as the degree to which pay and performance are linked and the size of the rewards, which can vary both within and across plan types. Our results provide evidence that merit raises have larger incentive and sorting effects than bonuses and long‐term incentives in multi‐PFP plan environments where the three PFP plans are operating simultaneously. Only merit pay has both incentive and sorting effects among the three PFP plans. The implications for the PFP‐related theory, as well as for the design and implementation of PFP plans, are discussed. © 2015 Wiley Periodicals, Inc.     

Efficiency Evaluations Based on Potential (Non-Proportional) Improvements

Efficiency evaluation of a Decision Making Unit (DMU) involves two issues: 1) selection of an appropriate reference plan against which to evaluate the DMU and 2) measurement of performance slack. In the literature, these issues are mixed in one and the same operation but we argue that it has theoretical as well as practical advantages to separate them. We provide an axiomatic characterization of the implicit Farrell selection. This approach, ignores important aspects of the technology by focussing on proportional variations in inputs (or outputs). We propose a new approach where potential improvements are used to guide the selection of reference plans. A characterization of this approach is provided and an associated translation invariant, strictly monotonous and continuous efficiency index is suggested.     

Strategy,Valuation, and Forecast Accuracy: Evidence from Italian Strategic Plan Disclosures

Using a sample of 264 strategic plan presentations by Milan Stock Exchange firms during 2001–2012, we present evidence of both a security price reaction and an increase in the accuracy of analysts’ earnings forecasts pursuant to plan disclosure. In the cross-section, the information content of the plan disclosures and the accuracy increase are incrementally associated with the extent of forward-looking narrative disclosures in the plan, after controlling for other disclosures within and outside the plan presentation and the fact that the firm has self-selected into the sample. Both quantitative and qualitative narrative disclosures are informative to investors and analysts. The results are driven by narrative disclosures about company strategy and action plans rather than about the business environment in which the company operates. Our study informs the current debate on the use of voluntary comprehensive, integrated, long-run-oriented strategic plan disclosure as a potential complement for disclosures such as quarterly earnings forecasts that have been described as an example of ‘short-termism’.     

AHP与ANP应用于供应商选择方案评估之比较

主要介绍了应用层次分析法(AHP)和网络分析法(ANP)评估供应商选择方案的基本步骤，讨论了两种分析方法对选择方案排序结果的影响，得出了应用ANP比应用AHP能更合理地对供应商选择方案进行评估的结论。     

Issues in management information systems planning

lt has been advocated that management information Systems (MIS) planning is an important activity which an organization must perform in order to achieve organizational goals. In this paper, based on a field study of 131 large organizations, several issues related to MIS planning have been examined. These issues include: the impact of current MIS services on the overall competitive position of an organization; the impact of future MIS capabilities on the long-term competitive viability of the organization; the factors which prompted organizations to develop an MIS plan; the formal business planning processes used for the MIS function; the areas covered in the MIS plan; the main driving force in undertaking the development of a long-term MIS plan; and, the usefulness of the MIS plan in directing the organizational MIS activites.It has been shown that organizations vary significantly on each of these major MIS planning issues.     

The Impact of Institutional and Human Resource Distance on International Entry Strategies

'Distance' between organizational contexts has been a prime concern of scholarly research into international business strategies. We extend this research by exploring the complementary roles of institutional and human resource distances on foreign investors' entry strategies. Combining institutional and resource-based theories suggests that: (1) human resource differences complement institutional differences; (2) the effects of some aspects of distance are curvilinear; and (3) the impact of distance differs between first and subsequent entries. We find empirical support for these arguments on a unique dataset of foreign direct investment in six emerging economies that incorporates multiple host as well as multiple home countries.     

Rationality and Its Symbols: Signalling Effects and Subjectification in Management Consulting*

In service sectors such as management consulting, it is very difficult to measure the impact or success of a service even after it has been delivered. In these markets of goods between experience and credence, symbolic value is helpful and necessary to complement quality perceptions. The leading management consulting firms, in particular, do not only deliver data‐driven analyses but also represent and symbolize the rational approach to business issues. This article looks at the role of personnel selection in the context of quality symbolization. It argues that the predominant tool for personnel selection in the consulting sector, the case study, accounts for both a signalling effect of rationality to the business environment and a subjectification of consulting staff to the consulting culture and rationality beliefs. The case is made that, rather than leading to a valid selection of high‐performance personnel, the process of personnel selection has latent effects, which nonetheless contribute to the consulting industry's success.     

Causal models in plan evaluation

A major purpose of urban planning is solving urban problems. Though a number of planning methods exist to evaluate the effectiveness of alternative plans, few offer specific methods for identifying the causes of urban problems, developing alternative plans that address these causes, and estimating plan effects. Borrowed from the social sciences, causal models may be used to achieve these plan evaluation objectives. Causal models developed from substantive theory of urban processes are used to estimate both direct and indirect plan effects as well as to evaluate plan efficiency, equity and uncertainty. The implications of causal models for planning education, theory and practice are also discussed.     

汽车排气消声器设计应用

文章根据消声器的消声原理,将消声器典型结构组合应用到CN100排气消声器的设计中,分别设计了2个前消声器方案和2个后消声器方案。经过对消声量的模拟计算,初步优选了前消声器方案2。而因为2个后消声器方案模拟计算结果接近,故通过制造前消声器和后消声器的样件,并将前消声器方案与2个后消声嚣方案组合进行对比试验,以确定后消声器方案。试验结果表明,后消声器方案1优于后消声器方案2,因此CN100排气消声器确定为前消声器方案2和后消声器方案1。同时试验结果表明,CN100排气消声器的排气背压、尾管口噪声达到了设计目标,有效地解决了发动机排气噪声,为整车加速行驶通过噪声提供了良好的贡献值。     

Why do employees hold their vested stocks while they can sell them?

We proposed an integrated model of risk-balancing arguments and the emergence of psychological ownership to investigate employees' propensity of holding awarded stocks under a broad-based stock incentive plan. Analysis was conducted using a sample of 391 employees of a semiconductor foundry located in Taiwan. The results provided strong indication that psychological ownership motivation contribute to explain employees' willingness to hold vested stocks from broad-based stock plans. This study provide stimulating insight into the psychological mechanisms through which the individual's risk-aversion and wealth effects influence employees' intentions to hold vested stocks and further extends our understanding on how broad-based stock plans can develop an employees sense of ownership.     

VE在高速公路边坡绿化中的优化应用研究

基于价值工程的分析方法,对高速公路边坡的绿化功能进行了系统分析,并结合成本对功能成本进行了比较,在此基础上,对不同的绿化方案进行了设计比较,并选择实施。梅河高速公路的绿化实施效果表明,这种优化效果很好。     

Small asymmetric fractional factorial plans for main effects and specified two-factor interactions

Fractional factorial plans represented by orthogonal arrays of strength two are known to be optimal in a very strong sense under a model that includes the mean and all the main effects, when all interactions are assumed to be absent. When a fractional factorial plan given by an orthogonal array of strength two is not saturated, one might think of entertaining some two-factor interactions also in the model. In such a situation, it is of interest to examine which of the two-factor interactions can be estimated via a plan represented by an orthogonal array, as also to study the overall efficiency of the plan when some interactions are in the model alongwith the mean and all main effects. In this paper, an attempt has been made to examine these issues by considering some practically useful plans for asymmetric (mixed level) factorials with small number of runs.     

Inventory management--a business issue

Inventory management utilizes root cause analyses and requires cross-functional development of action plans and accountability. The inventory management process turns inventory control from a reactive to a proactive management tool that will have a favorable impact on business performance measurements and the bottom line.     

Integrating MRP (materiel requirements planning) II and JIT to achieve world-class status

The concepts and principles of using manufacturing resource planning (MRP II) for planning are not new. Their success has been proven in numerous manufacturing companies in America. The concepts and principles of using just-in-time (JIT) inventory for execution, while more recent, have also been available for some time, and their success in Japan well documented. However, it is the effective integration of these two powerful tools that open the way to achieving world-class manufacturing status. This article will utilize a newly developed world-class manufacturing model, which will review the aspects of planning, beginning with a business plan through the production planning process and culminating with a master schedule that drives a materiel/capacity plan. The importance and interrelationship of these functions are reviewed. The model then illustrates the important aspects of executing these plans beginning with people issues, through total quality control (TQC) and pull systems. We will then utilize this new functional model to demonstrate the relationship between these various functions and the importance of integrating them with a total comprehensive manufacturing strategy that will lead to world-class manufacturing and profits.     

The productivity effects of stock option schemes: evidence from Finnish panel data

In this study we investigate the productivity effects of employee stock option schemes. We estimate Cobb-Douglas production functions by using new panel data for all Finnish publicly listed firms during 1992–2002. The data enable us to distinguish broad-based option plans, for which all employees are eligible, from those selectively allocated to particular employees. For both type of schemes, our baseline fixed effects estimators consistently find statistically insignificant associations with firm productivity. When endogeneity of production inputs and option-schemes are taken into account we continue to find no evidence of a link with firm productivity. Our main findings are consistent with hypotheses that predict negligible effects of option plans for enterprise performance, such as those based on free riding, psychological expectancy theory, accounting myopia, or rent-seeking. We consider reasons why our empirical findings on the impact of broad-based options differ from those found in earlier studies.     

A robust optimization approach for decontamination planning of emergency planning zone: Facility location and assignment plan

Establishing a robust facility location and assignment plan to improve the efficiency of the decontamination process is critical to alleviating the physical impact of the radiation leakage that occurs in a nuclear accident. This study develops an approach for optimizing the locations of decontamination facilities and assignments of affected villages. The approach is a robust optimization model that optimizes the worst-case performance. The system dynamic model is integrated into the robust optimization model to simulate the decontamination process and compute the decontamination time. A case study is conducted of the Plume Emergency Planning Zone in China. The results indicate that (1) a decontamination site location plan can be obtained in which each site is located in a different direction, (2) no evacuee will be allowed to travel across the downwind area in an assignment plan, and (3) a larger financial investment does not imply an increased decontamination efficiency. An appropriate budget exists that can balance the decontamination time and cost. The proposed model can assist decision makers in (i) better understanding the effects of decontamination site location and village assignment and (ii) deciding which location and assignment plans should be applied to cope with disruptive nuclear accidents.