Implementing technology roadmap process in the energy services sector: A case study of a government agency

Energy sector has become increasingly sensitive to emerging new technologies as our society is seeking alternative energy sources. Many utility companies and government agencies have started to implement technology planning processes for roadmapping their future technology portfolios. This paper focuses on technology planning in the government energy services sector. Through a case study research method, the paper documents how technology planning and specifically technology roadmaps were implemented at a federal agency tasked with managing power transmission in the Northwest United States. Three application areas are covered: transmission, renewables and energy efficiency. The paper provides details on the Energy Efficiency Roadmaps. Through the review of the case a technology planning methodology based on technology roadmaps is detailed. Key conclusions were reached on how to manage such process implementation in similar organizations. Some of these conclusions can be generalized to those that are implementing technology planning processes for the first time. We concluded that adoption of such methods would require a longer time than anticipated. Organizational changes to adopt the process will likely reduce the time it takes to deliver the required roadmaps. We also found that a typical sequence of events would be Technology Gap Analysis and Identification of Technology Candidates, Evaluation and Prioritization of Technologies, Roadmapping of Technologies and Allocation of Resources to the R&D Programs or to the direct acquisition of the technologies.     

Do option markets substitute for stock markets? Evidence from trading on anticipated tender offer announcements

Using a sample of cash tender offers occurring between 1993 and 2002, we find evidence that the options market has become the preferred venue for traders attempting to profit on anticipated announcements. Options offer advantages relative to stocks. Traders gain leverage by trading in options and multiple options contracts on an individual stock. The results of our study indicate that a substitution effect does exist. Abnormal volume in the option market replaces abnormal volume in the stock market prior to cash tender offer announcements, and this abnormal option volume precedes abnormal stock volume for targets with or without traded options.     

Reproducing vulnerabilities in agri‐food systems: Tracing the links between governance,financialization, and vulnerability in Europe post 2007–2008

Interconnected sets of vulnerabilities have emerged in the European food system since 2007–2008, raising concerns about food security in a region with arguably some of the most advanced and prosperous economies and environmental governance frameworks. Historically, this is suggesting the current “double jeopardy” problem in food system vulnerability—with systemic declines both in sustainability (the ability of the food system to ecologically renew itself) and food security (the ability of a population to access sufficient nutritional foods and feed itself). By focusing on both drivers and impacts of food system vulnerabilities in the European Union and United Kingdom, this paper explores a grounded and relational approach to financialization—recognized as a key expression of recent growing vulnerabilities. Through the prism of the current socio‐economic pressures facing food producers, and the emergence of potentially “stranded assets” in the agri‐food system more generally, the analysis seeks to show how the combined relationships between neo‐liberalized governance and the market volatilities encouraged by new rounds of financialization are creating “nested” vulnerabilities. As we conclude, a critical, grounded, and systemic understanding of food system vulnerabilities thus becomes a key feature and precursor for potentially developing more resilient agri‐food systems—both regionally and globally.     

Demand and supply integration: a conceptual framework of value creation through knowledge management

Strategy identifies two primary sets of processes through which the firm creates value for its customers by moving goods and information through marketing channels: demand-focused and supply-focused processes. Historically, firms have invested resources to develop a core differential advantage in one or other of these areas—but rarely in both—often resulting in mismatches between demand (what customers want) and supply (what is available in the marketplace). This paper suggests that successfully managing the supply chain to create customer value requires extensive integration between demand-focused processes and supply-focused processes that is based on a foundation of value creation through intraorganizational knowledge management. Integrating demand and supply processes helps firms prioritize and ensure fulfillment based upon the shared generation, dissemination, interpretation and application of real-time customer demand as well as ongoing supply capacity constraints. We draw upon literature in marketing, logistics, supply chain management and strategy to introduce a conceptual framework of demand and supply integration (DSI). We also offer insights for managerial practice and an agenda for future research in the relatively under-researched, but strategically important, area of demand and supply integration.