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Sydney S. Lentz 《人力资源管理》1996,35(4):453-469
In order to cut costs while increasing customer responsiveness, some corporations are integrating the competitive features of small companies with the resources of large corporations. They are adopting a hybrid type of organization by decentralizing decisionmaking to the business units and centralizing administrative functions at the corporate level. This article outlines the characteristics of a hybrid corporation and describes the role of corporate staffs within five corporations that have evolved to a hybrid structure. Some first steps on the path to a hybrid structure and corresponding staff activities are also described. © 1996 by John Wiley & Sons, Inc. 相似文献
3.
Daniel F. Garrett 《The Japanese Economic Review》2019,70(3):375-382
Some sellers display high “regular” prices, but mark down these prices the vast majority of the time, advertising the good as “on sale” or “discounted”. This note suggests a framework for understanding the practice, emphasising the role of buyer uncertainty about their future valuations for the good. We argue that so‐called “regular” prices set buyers’ expectations regarding future prices, expectations that need not be tethered to the prices actually set. By manipulating upwards buyers’ expectations of future prices, the seller can increase demand for the good at the current “sale” price, increasing profits. 相似文献
4.
Daniel Friedman Kai Pommerenke Rajan Lukose Garrett Milam Bernardo A. Huberman 《Experimental Economics》2007,10(1):79-104
We seek to isolate in the laboratory factors that encourage and discourage the sunk cost fallacy. Subjects play a computer
game in which they decide whether to keep digging for treasure on an island or to sink a cost (which will turn out to be either
high or low) to move to another island. The research hypothesis is that subjects will stay longer on islands that were more
costly to find. Eleven treatment variables are considered, e.g. alternative visual displays, whether the treasure value of
an island is shown on arrival or discovered by trial and error, and alternative parameters for sunk costs. The data reveal
a surprisingly small sunk cost effect that is generally insensitive to the proposed psychological drivers.
Electronic Supplementary Material Supplementary material is available in the online version of this article at .
Jel Classification C91, D11 相似文献
5.
Lisa K. Scheer C. Fred Miao Jason Garrett 《Journal of the Academy of Marketing Science》2010,38(1):90-104
This research examines whether suppliers’ capabilities impact OEM customers’ dependence on the supplier and thereby generate
customer loyalty. Using a sample of purchasing managers focusing on a single key component supplier, we examine three supplier
capabilities, two dependence dimensions, and three aspects of customer loyalty. Core offering capability increases the customer
firm’s benefit-based dependence. Operations capability has a more comprehensive effect, enhancing both benefit-based and cost-based
dependence. Benefit-based dependence leads to relational loyalty and, through its effect on relational loyalty, to insensitivity
to competitive offerings and future purchase expansion. Cost-based dependence motivates insensitivity to competitive offerings,
but does not affect relational loyalty or purchase expansion. The supplier’s communication capability is associated with relational
loyalty, but this effect does not flow through the customer firm’s dependence. The divergent pattern of antecedents and effects
of benefit-based dependence and cost-based dependence may explain the inconsistent and insignificant research findings in
previous research on dependence. Our results suggest that adopting a bi-dimensional model of dependence more fully captures
the theoretical domain of dependence, thereby permitting researchers to better examine its role in supply chain, channel,
and marketing relationships. 相似文献
6.
We examine changes in lending behavior in response to the Federal Reserve??s requirement for disclosure of loan pricing information implemented in 2004 for two broad types of lenders, depository and nondepository institutions. We find that although subprime approval rates generally increased after 2004 as the housing market boomed, there was nonetheless a reduction in subprime approval rates to minority neighborhoods following implementation of the pricing disclosure requirement. We also find that the effect of the pricing disclosure requirement on subprime approval rates was stronger for depository institutions than for nondepository institutions. Moreover, depository institutions with good reviews from regulators for effectively serving the financing needs of local communities are less likely to issue higher-priced subprime loans. 相似文献
7.
This article compares the salary structure of tenured and tenure-track faculty across schools within the university systems of North Carolina and New York. Specifically, we establish a positive relationship between school prestige and salary inequality, both overall and within specific academic ranks. This result suggests that the value to teaching is less discipline-specific than the value to research output. Marked differences in the aforementioned statistical linkage across academic ranks also confirm prior speculation that junior faculty salaries are more closely tied to academic value than senior faculty salaries. 相似文献
8.
Thomas A. Garrett 《American journal of agricultural economics》2001,83(4):811-825
Current funding, mission, and organizational difficulties question the long-run survival of extension and the Land–Grant system. Consolidation of county extension offices is seen as a possible remedy for extension's problems. This paper estimates scale economies and inefficiencies in county extension offices in Kansas using parametric and nonparametric techniques. Large economies of scale and inefficiencies are found. Based on the empirical results, several simulations are performed to measure the short-run cost savings associated with consolidation. The results reveal that while all counties would experience significant savings from consolidating, rural and less populated counties would experience the greatest per unit savings. 相似文献
9.
The dean of Columbia Business School is joined by the deans of Stanford, Harvard, and Wharton in discussing the challenges and opportunities facing today's graduate business schools. Most business schools aim to provide students with a certain body of knowledge—in disciplines such as marketing, finance, and accounting—as well as some general management and leadership training and skills. The biggest challenge to this model of business education is now coming from the high cost of the traditional two‐year MBA program and the threat of disruption by “online” alternatives. But the consensus of the four deans is that the combination of training and experience provided by today's top business schools will enable them to withstand the threat from online alternatives. And thus for the leaders of these top schools, one of the main challenges in designing and maintaining a successful business school program is to find the right mix of theory and practice, classroom and “experiential” learning. To the extent the schools succeed in achieving and maintaining this balance, they should continue to produce graduates who are sought by employers that include not only companies large and small, but non‐profits and, at some points in their careers, even the public sector. What's more, the deans all sense the growing demand for business to play a larger role in addressing social problems that have traditionally been seen as the responsibility of government and non‐profits. And one implication of this demand is that business schools, besides producing talent that finds its way to the public as well as private sectors, should prepare to play a greater role in the public debate over solutions to social challenges, such as protecting the environment while at the same time trying to stimulate enough economic growth to limit rising inequality. 相似文献
10.
Evangelos C. Charalambakis Ian Garrett 《Review of Quantitative Finance and Accounting》2016,46(1):1-24
We examine differences in price delay for a sample of real estate investment trust (REIT) and non-REIT matched pairs. Results suggest an economically and statistically higher level of price delay for REIT securities, which implies heightened frictions that increase the time needed for new information to be impounded into the prices of REIT shares. The primary drivers for the observed delay differential include differences in idiosyncratic volatility, market risk, and the number of days traded. Within-REIT determinants of delay confirm findings for the pooled sample of matched pairs. Importantly, we infer find that REIT investors are not compensated for restricted information flow, as excess returns are unrelated to the price delay. 相似文献