Chief executive scanning emphases,environmental dynamism,and manufacturing firm performance

Chief executives must allocate their scarce time for scanning efforts among relevant domains of their firms' external environment and their firms' internal circumstances. We argue that high‐performing CEOs vary their relative scanning emphases on different domains according to the level of dynamism they perceive in their external environments. The concepts of dominant logic and sector importance were used to develop predictions about which external domains and which internal domains should receive relatively more or less scanning emphasis in external environments that, overall, are more dynamic or more stable. A field survey of 105 single‐business manufacturing firms evaluated CEOs' scanning emphases and firm performance. Results indicated that, for dynamic external environments, relatively more CEO attention to the task sectors of the external environment and to innovation‐related internal functions was associated with high performance. In stable external environments, however, simultaneously increased scanning of the general sectors in the external environment and efficiency‐related internal functions produced higher performance. These relationships were strongest between relative scanning emphases among domains and sales growth. We discuss the implications of these results for researchers and practitioners. Copyright © 2003 John Wiley & Sons, Ltd.     

Managerial Control of Employees Working at Home

Places of work constitute processes of management by facilitating ‘visibility’ (the possibility for supervisors and others to observe workers) and ‘presence’ (the ability for workers to participate in relations with co‐workers and others). Working at home creates problems for both these aspects of managerial control. We suggest that managers seek to compensate for the relative lack of visibility and presence of home‐located workers by generating a range of devices and social disciplines that together comprise loose networks of control. However, these responses are only partially successful since they are founded on contradictory assumptions and practices.     

Women's occupational status in Britain,France and the USA: explaining the difference

Using directly comparable data this article explores the lower occupational status overall of British employed women indicating the importance of social and employment policies to the amount of part-time working by women and the occupational status of women's part-time jobs in the three societies.     

A decision‐analytic approach to screening in chemical alternatives assessment

Material selection in the chemistry value chain involves consideration of many objectives, including cost, performance, health risk, and environmental impact. Alternatives assessment is an emerging tool for guiding complex decisions with respect to these goals. As a relatively new method, the process is not yet well developed, especially with respect to how trade‐offs among objectives can be assessed accurately and inexpensively. Using paint strippers alternatives assessment as an illustrative example, we show how an established decision‐analytic method, known as comparative screening, allows for a multistep process with gradually increasing information needs. Compared with existing methodological approaches, comparative screening instills flexible and consistent treatment of trade‐offs. This is important because it maximizes the potential for a robust assessment while minimizing arduous data collection. Further, its use in the alternatives assessment process can support the selection of more sustainable materials.     

Some empirical results on “the rationality” of expectations derived from survey data

The purpose in this paper is to examine the properties of time series of expectations data derived from survey data, when explicit allowance is made for the time horizon of the forecasts and the information set which agents possess. Our empirical results suggest that three of the five series examined exhibit ex-post bias.     

The Approval of Over-the-Counter HIV Tests: Playing Fair When Making the Rules

This paper looks at some of the ethical concerns regarding a recent application to the U.S. Food and Drug Administration (FDA) for approval of the sale of HIV tests over-the-counter (OTC) directly to consumers. The concept of at-home HIV testing is not new, but OraSure Technologies Inc., a U.S. manufacturer of rapid HIV tests, is now seeking FDA approval to take at-home testing one step further to enable consumers to test themselves and interpret the results without the assistance of an outside party. This paper reviews some of the purported benefits and potential risks of at-home HIV testing, and looks at the way one Canadian company is attempting to address the potential risks. In doing so, this paper brings to the fore concerns regarding corporate involvement in the regulatory approval of biotech products.     

Privatizing Waterworks: Learning from the French Experience*

In this pair of articles, the first of which was published almost 25 years ago, two distinguished economists make and then revisit the case for privatizing the water supply. While agreeing with the general assessment that waterworks are “natural monopolies,” the authors show that privatization of such enterprises need not lead to the standard monopoly outcomes of above‐competitive prices, reduced output, or inferior service. As evidence, the authors cite the French experiment with water privatization that began in 1782 with the Perrier brothers' 15‐year contract to provide water for Parisians. Today, an estimated 80% of the French water supply is managed by private firms. And, as the French experience demonstrates, the benefits of large‐scale, single‐firm operations can be obtained at competitive prices by means of a system of franchise bidding in which ownership and/or management rights are awarded to the firm that offers the public the best terms—along with a credible commitment to make good on them.     

Does regulation substitute or complement governance?

We examine whether firms utilize governance systems and increased monitoring mechanisms when information asymmetry and managerial discretion are limited. Given that such monitoring is costly, we expect regulated firms to use less monitoring if regulation substitutes for governance. Using data from initial public offerings, we document that regulated firms have greater proportions of monitoring directors and larger boards as well as use similar amounts of equity-based compensation as non-regulated firms. Further, regulated and unregulated firms are analogous in terms of observed trade-offs between traditional monitoring mechanisms and insider ownership. Finally, regulated firms appear to decrease monitoring following a period of deregulation. These findings support the hypothesis that regulation and governance are complements and are consistent with the notion that regulators pressure firms to adopt effective monitoring structures.     

Further Reflections on Critical Realism

Abstract

We deal with the main points of Fleetwood's response to our earlier paper and argue that our main contentions remain intact. Critical Realism (CR) remains epistemologically weak; its claims for the usefulness of explanatory power are unconvincing; and, in particular, it provides little help in assessing rival theories. Furthermore, its appreciation of alternative theoretical accounts is underdeveloped because of the tendency to use broad ontological claims to delineate a preferred type of theory. Finally, we argue that the further elaboration of CR by Fleetwood serves to illuminate rather than ameliorate its shortcomings.