Inflation dynamics in Kazakhstan1

In January 1992, Kazakhstan initiated a reform programme to move towards market-determined prices. The price liberalization process was characterized by large relative price shifts and an increase in the overall price level towards those observed in market economies. The paper shows how the piecemeal manner in which prices were liberalized resulted in strong relative price variability over a prolonged period of time, against a background of high inflation. Convergence towards international relative and absolute price levels has progressed but is not complete, with prices for energy and services in particular still below market economy levels.     

Technological innovation and complexity theory

Complexity theory has become influential in recent models in social science. In the context of innovations and new technologies, most applications have focused on technology adoption and technology diffusion, whereas the topic of the innovation process has received less attention. This paper discusses three families of complexity models of technological innovation: fitness landscape models, network models and percolation models. The models are capable of analysing complex interaction structures (between components of technologies, between agents engaged in collective invention) while avoiding ‘over-parameterisation’. The paper ends with discussing the methodological challenges and critiques regarding the application of complexity theory that remain.     

The dialectics of globalization: what are the effects for management and organization in Germany and Japan

The globalization literature has been limited cumulative. Different disciplines have different accents, use different definitions, rely on divergent theories and focus on different units of analysis. As a corollary, they have come to divergent opinions on the concept of globalization, on its broader consequences as well as on the more specific consequences for organization and management. This article contributes to the literature by proposing a societal theory of institutional change to analyze globalization effects in a more systematical way. It explores the effects of globalization forces on organization and management in Germany and Japan in comparison to the US and the UK, by tracing their impact on the systems of corporate governance, industrial relations and human resources. The article shows that different patterns of change exist at different levels of analysis. These differences help us explain why no generalized pattern of convergence towards the same economic model should be expected.     

Test validation from a conceptual and legal perspective: Issues and trends

A little-explored issue in the psychological and legal literature involves test validation. This article discusses issues of test validation from both psychological and legal perspectives. Areas of inconsistency are noted and probable future directions are high-lighted.     

Transitioning and co-evolving to upgrade value offerings: A competence-based marketing view

This article shows how subcontractors in the steel and metalworking industry can effectively upgrade their customer value offerings. The study intends to identify internal and external drivers for successful transitions. It builds on the IMP's (Industrial Marketing and Purchasing Group) research tradition by looking into value creation and competence-based marketing within business networks. Using qualitative methods, the research identifies ‘ideal’ value-added market positions and relates these to specific competence configurations. It also reveals the need to manage co-evolution with other network partners in order to make a successful transition from basic to value-added offerings. The paper contributes to business marketing science by looking explicitly into the mechanisms of internal alignment when upgrading value offerings (a pre-condition often overlooked in extant literature) and by extending the concept of co-evolution.     

Value innovation in business markets: Breaking the industry recipe

The industrial marketing as well as the strategic management literature stresses the importance of “value innovation” in order to create/sustain competitive advantage and to rejuvenate the organization.In the first part of this article the construct of value innovation is operationalized within the context of selected business-to-business markets. We report the results of an ongoing research project; starting from traditional ways of value creation, the study reveals different types of value innovation initiatives undertaken by industry participants. We observe, however, that networks, firms and managers are embedded in industry recipes. These recipes block the creation and realization of value innovation. Some firms are trying to break out of existing frames and their experiences pinpoint to specific ways of markets sensing, strategic marketing and different marketing-mix tools. As such, the research frames value innovation initiatives in the existing industry contexts and managerial frames, and identifies drivers, barriers and perceived success factors for the process of value innovation.The second part of the article then looks at the stages of value innovation and their impact on marketing, organizations and networks. Based on the data analysis, the paper posits propositions which stress the concept of “multilevel absorptive capacity”.