Integrating character in management: virtues,character strengths,and competencies

In recent years, character traits in general and virtue-related concepts in particular have been of considerable interest to philosophers, psychological researchers, and practitioners in the business ethics field. Three approaches to character traits can be used to incorporate ethics into organizations: virtues (philosophical approach), character strengths (psychological approach), and competencies (management approach). The aim of this article is to clarify the concept of character traits, or virtues, and provide a unified operational version of it for incorporation into management. To this end, we first discuss the analogy among virtues, character strengths, and competencies. Then, we propose a list of moral competencies that can be implemented in competency-based human resource management.     

How much energy will your NGN consume? A model for energy consumption in next generation access networks: The case of Spain

The contribution to global energy consumption of the information and communications technology (ICT) sector has increased considerably in the last decade, along with its growing relevance to the overall economy. This trend will continue due to the seemingly ever greater use of these technologies, with broadband data traffic generated by the usage of telecommunication networks as a primary component. In fact, in response to user demand, the telecommunications industry is initiating the deployment of next generation networks (NGNs). However, energy consumption is mostly absent from the debate on these deployments, in spite of the potential impact on both expenses and sustainability. In addition, consumers are unaware of the energy impact of their choices in ultra-broadband services. This paper focuses on forecasting energy consumption in the access part of NGNs by modelling the combined effect of the deployment of two different ultra-broadband technologies (FTTH-GPON and LTE), the evolution of traffic per user, and the energy consumption in each of the networks and user devices. Conclusions are presented on the levels of energy consumption, their cost and the impact of different network design parameters. The effect of technological developments, techno-economic and policy decisions on energy consumption is highlighted. On the consumer side, practical figures and comparisons across technologies are provided. Although the paper focuses on Spain, the analysis can be extended to similar countries.     

A systemic evaluation framework for futures research

Evaluation of futures studies is a topic that has frequently aroused discussion. Futures studies often deal with great societal or strategic business issues, and thus the validity and reliability of the results is of great interest to stakeholders. Existing literature contains discussions of such important issues as ethics of futures studies, the nature of knowledge about the future, and futures methodology, which together contribute to the quality, validity and credibility of futures studies, but discussion on the evaluation of futures studies is more scant.Thus, the main research question that guides our study is: “how should we evaluate futures studies to ensure the reliability and credibility of the results?” We answer the question by deriving a systemic framework for evaluation following the input-process-output schema to ensure that the whole chain from the data to reporting and implementation contributes to the quality and impact of the study.The main contribution is the systemic evaluation framework. The framework will contribute to the evaluation of existing and ongoing studies by offering guidelines for evaluation, and as a net effect, we propose, it will increase the impact of futures studies by making the practices more transparent and thus generating more confidence in the results.     

Interactive design of personalised tourism routes

The tourism sector has evolved in recent times, with a transformation in tourists’ preferences and behaviour. They are increasingly abandoning standard tours in favour of more personalised options. New technologies offer easy access to a large amount of tourism information. However, this also means it is difficult for a decision-maker to assess all the possible alternatives for designing a customised trip. Making such decisions may well require the resolution of conflicting objectives. Therefore, in this paper we develop a tool that provides each tourist with the itinerary best suited to their needs. This itinerary can include the desired different activities on an established schedule, bearing in mind the tourist’s wishes and needs, along with the characteristics of the area. This is done by using a mathematical model and interactive multi-criteria techniques. Finally, we will carry out a practical application in the Autonomous Region of Andalusia.     

Firms as source of variety in innovation: influence of size and sector

This article seeks to fulfill two main objectives. It firstly seeks to identify and quantify characteristics and behaviors of firms that are associated with what, in the evolutionary stream, is known as variety in innovation. A factor analysis is applied with a view to establishing, from a sizeable group of variables related to business innovation, the main factors or sources of variety in innovation in firms. The second goal is to estimate the influence of two variables that have been traditionally related to innovative firm activity on each of these sources: size and sector. The results of the analysis show seven important sources of variability in innovation for firms and that the influence of size and sector of activity on innovation occurs, at different levels of intensity, through these sources. The empirical analysis is based on the responses given for managers of a representative sample of enterprises in a personal interview.     

Do Managerial Skills Vary Across Fund Managers? Results Using European Mutual Funds

This paper uses stochastic dominance techniques to examine whether managerial skills vary across fund managers in European equity funds. The use of these techniques allows us to compare different investment alternatives in an uncertain setting under very simple assumptions regarding investor behaviour. The results for style-adjusted returns are consistent with varying degrees of managerial skill and cannot be explained by the impact of the choice of style-adjustment procedure, country, fee policy, and fund age, fund size or survivorship bias. This result allows us to conclude that style-adjusted returns may provide a reliable guide for selecting European investment funds.     

Decision making in compromise situations: guidelines based on J. S. Mill's doctrine of political half‐measures

The purpose of this article is to offer guidelines to deal with hard choices, specifically in situations where some compromise among opposing values is inescapable. The guidelines are intended to help ethicists and practitioners to delineate different alternatives and to dismiss some of them as morally unacceptable. This article explores the view that compromises arise from negotiations but from ethical predicaments as well. For this reason, I distinguish between strategic and moral compromises. Both managers and employees are individual moral agents who have to confront the possibility of unpalatable and even disgusting compromises, so that they are forced to put their integrity into risk in certain compromise situations. However, I shall argue for the possibility of palatable moral compromises. The guidelines to cope with those situations and to identify the unpalatable compromises are based on J. S. Mill's moral philosophy. Mill suggested that half‐measures passed in Parliament must have certain key elements to be morally acceptable. I make use of this doctrine to put forward compromise guidelines in the form of a set of hallmarks, internal and external elements of palatable compromises. Two minicases are used to test the guidelines and to emphasize the importance of compromises for ethical decision making and commitment to company.     

Seeking an innovation structure common to both manufacturing and services

Service Business - In accordance with the numerous researchers who have stated the need for an integrated and holistic theory of innovation, this article attempts to determine similarities between...     

Heterogeneous worker ability and team-based production: Evidence from major league baseball, 1920–2009

A detailed longitudinal dataset is assembled containing annual performance and biographical data for every player over the entire history of professional major league baseball. The data are then aggregated to the team level for the period 1920–2009 in order to test whether teams built on a more even distribution of observed talent perform better than those teams with a mixture of highly able and less able players. The dependent variable used in the regressions is the percentage of games a team wins each season. We find that conditioning on average player ability, dispersion of both batting and pitching talent displays an optimal degree of inequality, in that teams with too high or too low a spread in player ability perform worse than teams with a more balanced distribution of offensive and defensive talent. These findings have potentially important applications both inside and outside the sporting world.     

Entry in Foreign Markets under Asymmetric Information and Demand Uncertainty

This paper examines the mode of entry of a multinational firm that has less information about the host market stochastic demand than the local firm. The foreign firm can enter the market either through direct investment or exports. Each entry mode entails different costs and has different informational implications. Entry through foreign direct investment (FDI) is favored by greater variability in demand. Interestingly enough, strategic behavior by the incumbent firm, which deviates from its first period monopoly output, might be aimed at increasing the probability of foreign entry through FDI despite having to compete against an equally informed and efficient entrant; this never happens in a symmetric information environment. Such host firm behavior is aimed at reducing the strategic uncertainty derived from the foreign firm's beliefs. Compared with the symmetric information setting, entry via direct investment may occur in more cases.