Successful U.S. Entrepreneurs: Identifying Ethical Decision-making and Social Responsibility Behaviors

This two-part study analyzed some of the ethical choices made by founding entrepreneurs during the creation and development of their ventures in order to identify the areas in which founding entrepreneurs must make decisions related to ethics or social responsibility during venture creation and development. Content analysis was used to identify decisions with ethical components and/or implications from in-depth interviews with 10 successful business founders. The research for part one of the study was guided by the following research question: In what areas must entrepreneurs make decisions with ethical and/or social responsibility implications during new venture creation and development? The authors identified four distinct categories of decisions where ethical or social responsibility components exist: (1) individual entrepreneurial values-related decisions, (2) organizational culture/employee well-being decisions, (3) customer satisfaction and quality decisions, and (4) external accountability decisions. In the second part of the study, the decisions identified in part one were analyzed using a framework derived from prior research in ethics. This framework was developed from the work of Kant (1964) who theorized about human morals and Rawls (1971) who developed theories about justice. Part two of the study was guided by the following research questions: Do entrepreneurs have values and ethics similar to those held by society in general? If they don’t, how do their values and ethics differ? The comparison revealed that the ethics and/or values that the entrepreneurs either explicitly or implicitly acknowledged were in fact similar to those of society in general.     

Retailer-buyer supplier relationships: The Japanese difference

The purpose of this study, which draws data from a national survey of Japanese retail buyers, is to provide insight into how culture influences channel relationships and to suggest how non-Japanese partners can facilitate long-term relationships. Results indicate that Japanese retailer long-term orientation with a supplier is an antecedent to trust, economic dependence and satisfaction with the supplier rather than an outcome of these constructs. This study implies that Japanese retailers are expected to look out for the best interests of their partners, rather than continuously seek new partners, and, further, partners learn to negotiate differences rather than seek dissolution of the relationship.     

中国能否在全球奢侈品行业低迷中独善其身？

2009年全球奢侈品行业将面临6年来的第一个寒冬。可以预期的是，中国奢侈品市场的增长率将会低于最近几年，但不太可能整体收缩     

Efficient Markets, Fundamentals, and Crashes

A bstract .Economists have struggled to characterize and model the dynamic evolution of economic phenomena throughout this century. For at least eight decades, American economists have faced the persistent choice between structural or formal models of evolving dynamics and those alternative portrayals that focused on historical narratives or qualitative features. In this article we compare the models and methods used by representative authors who have sought to address the swings in stock prices. Our rather terse comparison between the orthodox theorists and those we label heterodox demonstrates the wide divergence between the foci of approaches adopted. Their methods, conclusions, and implications differ markedly. Where the orthodox approaches focus all but exclusively on statistical issues, the heterodox group stresses the importance of incomplete information and markets in an institutional and historical context. Such fundamental differences prohibit any meaningful dialogue between proponents of the two basic approaches. Moreover, substantial deficiencies–technical and otherwise–of contributions within the two groups limit ability to discriminate between rival views within each group. The clearer identification of transparent roles for credit, technology, and institutions in the heterodox approaches, however, makes the awkward translation from theoretical model to social commentary much easier.     

New Product Management Practices of Small High Technology Firms

Various methods exist for managing the planning, cost estimating, scheduling and statusing of new product development projects. David Boag and Brenda Rinholm investigate whether the use of formal management procedures and structured frameworks are the most effective methods for achieving control over new product development activities. This article describes the new product development management practices of 33 small and medium-sized high technology companies. The authors employ a judgmental procedure to group the firms into three stages of development for their management of new products. Findings indicate that success at new product development is greater for more formalized companies than for companies which are less formalized or which use informal methods.     

The Business of High Culture: Marketing the Performing Arts in Canada

Despite government funding and increasing support from corporations and private individuals, audiences for ‘high culture’ in Canada show signs of declining. Arts marketers are using increasingly sophisticated computer technology and expensive advertising channels to attract customers but are unable to stop the overall decline in either subscriber or single ticket sales. An analysis of the evolution of the Toronto arts market suggests that, contrary to the belief of most arts managers, competition between arts companies is intensifying and arts marketing must now move beyond advertising strategies suitable for a growth market and adopt competitive strategies designed to build market share at the expense of competitors.     

Trompe l'œil: architects,consumers, and the need to rediscover technical function for ecologically sustainable housing

One challenge facing the need for ecologically sustainable housing is that it must cope with change over time. However, the flexibility required for housing to cope with change needs to be limited, as frequent change may offset the economy of resource use provided by durable housing stock. We describe two distinctly different but crucial aspects of housing services – social and technical functions – and briefly discuss how consumers and architects, who influence what consumers value in housing, have shifted design practices away from technical function and towards enhancement and growth of social function. Specifically, psychological obsolescence, which began in consumer products, is now emerging in housing, potentially accelerating demand for change as a result of fashion trends (an approach to the social function of identity expression) in housing. Four potential approaches to inspire consumer recognition of technical function in pursuit of ecologically sustainable housing are briefly discussed. These include promoting a ‘green’ fashion trend and three approaches that aim to restore the balance between social and technical function within housing design: regulatory tools, internalization of unaccounted costs, and incentives to move consumers from assumed to explicit recognition of technical function. Because they address the core problem of missing technical function, not just the increased demand for social functions, only these latter three approaches, possibly in combination, appear likely to contribute to a paradigm of ecologically sustainable housing.