Demografische Alterung führt zu einem stark sinkenden Erwerbspersonenpotenzial

Wirtschaftsdienst - The demographic development in Germany will lead to a declining number of people of working age and thus potentially in the labour force. The age structure is shifting towards...     

Customer satisfaction and loyalty to Alpine ski resorts: the moderating effect of lifestyle,spending and customers' skiing skills

Customer satisfaction and loyalty are key drivers of performance. However, there is increasing evidence that good attribute performance and high overall satisfaction do not always automatically lead to higher loyalty. In this paper, we put forward a study on customer satisfaction and loyalty to Alpine ski resorts. We analyse the moderating effects of three important factors in the attribute performance–overall satisfaction–loyalty relationship: lifestyle, consumer spending and customers' skiing skills in a sample of 6172 skiers. The results show that all studied variables have a moderating effect. The findings have implications on both theory and practice. Copyright © 2007 John Wiley & Sons, Ltd.     

How important is employment protection legislation for Foreign Direct Investment flows in Central and Eastern European countries?1

In this article we investigate empirically the importance of labour market conditions and in particular the role of employment protection legislation as determinants of bilateral Foreign Direct Investment (FDI). We find that FDI flows are significantly higher in countries with relatively low unit labour costs. We also find that employment protection legislation does not exert a statistically significant impact on FDI flows. Our results are consistent with the interpretation that transition economies attract FDI via low production costs whereas indirect costs related to the rigidity of the labour market are less relevant.     

Mapping the impact of home‐ and host‐country institutions on human resource management in emerging market multinational companies: A conceptual framework

While there is a growing literature concerned with multinational companies from emerging markets (EMNCs), it does not contain a robust conception of how institutions shape human resource (HR) practices in such firms. We contribute to filling this gap through developing a framework of how institutions create a range of constraints and opportunities for EMNCs. Specifically, our framework contains three key elements of how MNCs from emerging markets interact with institutions: EMNCs develop approaches that to some extent reflect the perceived strengths and weaknesses of the institutions in the home country (institutional conditioning); the strategies of actors in EMNCs can overcome the weaknesses of the home country by drawing on institutions in other countries (institutional arbitrage); and the actions of EMNCs can reinforce, or create pressures for change in, the institutional context in the countries in which they operate (institutional change/consolidation). By mapping this set of strategies of EMNCs, we contribute to a fuller understanding of the relationship between institutions and HR practices, and we outline how the rise of EMNCs reshapes the global landscape by adding new kinds of firm behavior to capitalist diversity.     

Geldordnung — eine ordnungspolitische Analyse

Die Geldordnung ist ein zentrales Element einer Volkswirtschaft. Derzeit sehen die Regeln vor, dass Gesch?fts- und Notenbanken den Geldsch?pfungsprozess bestimmen. Johann Walter h?lt dieses Regelwerk nicht für optimal und schl?gt vor, auch dem Staat und seinen regionalen Gebietsk?rperschaften das Recht einzur?umen, Geld zu sch?pfen.     

Assessment of social–ecological transitions in a peri-urban Ethiopian farming community

In a peri-urban poverty-stricken community in the outskirts of Addis Ababa, Ethiopia, 15 years of development efforts were undertaken by establishing an enterprise, which initially consisted of a horticultural farm and finally was composed of a multifunctional farm and a restaurant with a shop. The enterprise collaborated with BioEconomy Africa, which was charged with administrative, monitoring and facilitation tasks, and provided a training, demonstration and research facility. In the innovation process, the enterprise selected technologies and implemented them within the context of local economic and market conditions. The project benefitted from a flexible allocation of modest funds. This paper assesses the sustainability of the enterprise and the community on the basis of social–ecological system transformability and resilience. The scheme of the Food and Agriculture Organization is used to evaluate the transformability, while resilience is evaluated through self-organization capacity, disturbance absorption capacity, and learning and adaptability. The project period was divided into five Macro-phases. The transformability assessment of the enterprise revealed nonlinear and asynchronous dynamics of environmental sustainability, economic resilience, social well-being and governance that after reaching a minimum attained a maximum at the end of the period under observation. The resilience assessments showed that the self-organization capacity, the disturbance absorption capacity, and learning and adaptability slowly changed to reach a satisfactory level at the end of the observation period. The changes in transformability and resilience profoundly affected the livelihood of the community. The paper demonstrates the important role of agricultural in the development of poverty-stricken peri-urban communities and indicates that innovation processes and the efficiency of facilitation extension model implementation can be enhanced by applying adaptive project execution procedures. It can be concluded that the continuous monitoring and assessments of transformability and resilience are a prerequisite for efficiently moving the socio-ecological system on a smooth road towards a socially acceptable standard of living.     

Predicting new product success with prediction markets in online communities

The prediction of new product success is still a challenging task. Traditional market research tools are expensive, time consuming, and error prone. Prediction markets have been introduced as a viable alternative. Utilizing inputs from various participants in game‐like environments, they have been shown to produce accurate results by combining dispersed knowledge via market‐based aggregation mechanisms. While most previous studies use employees or experts as a sample, we test whether online consumer communities can be used to predict the sale of new skis via prediction markets. Sixty‐two users took part in the study. The prediction market was open for 12 days before the main skiing season 2010/2011 began. The outcomes of the prediction markets were compared with the actual sales numbers provided by the ski producers. The mean average errors were between 2.74% and 9.09% in the four markets. Overall, it can be concluded that the prediction markets based on consumer communities produce accurate results.     

Innovation through Experience Staging: Motives and Outcomes

There is a growing recognition of the opportunities of innovation through experience staging. The literature, however, tends to focus on high‐profile examples of firms from largely hedonic sectors, such as entertainment and hospitality. These cases provide vivid and persuasive examples, but they fail to address how firms outside these sectors can join the experience economy—a term coined in 1998 by Pine and Gilmore—by developing new products and services with experiences at their core. The paper reports on two studies undertaken to examine why firms that do not belong to sectors that are largely hedonic innovate through experience staging and how they benefit from doing so. The first study is an in‐depth case study of 15 diverse firms, which examines these firms' motives for pursuing innovation through experience staging. The second study is a two‐year longitudinal quantitative survey of 131 small‐ and medium‐sized firms (SMEs) to address the question of the benefits that firms that do not have strong brands can gain by from innovation through staging experiences. The first study provides the basis for classifying firms along two dimensions depending on the nature of the new products or services (referred to collectively as offerings) they create. The first dimension has to do with whether new offerings have a functional or experiential core. The second dimension has to do with the degree of experiential augmentation applied to offerings. The first study suggests that firms adopt an experience‐staging strategy to innovation based on both outward‐facing and inward‐facing motives. The outward‐facing motives include improving a firm's image in its market, entering new markets, and attracting new customers. The inward‐facing motives include improving a firm's attractiveness to employees and increasing profitability. The results of the second study suggest that creating offerings with an experiential core can contribute to success by enhancing a firm's image, its attractiveness to employees, and its ability to enter new markets. Moreover, experiential augmentation contributes to profitability, new customer attraction, and employee attractiveness. This research has important implications for theory and practice. In the first place, this research extends existing theory about experience staging to firms outside sectors that are largely hedonic. In the second place, the managerial implications are that innovation through experience staging can be an effective way for SMEs, even those outside industries, such as entertainment or hospitality, to create competitive advantage.