Managing Scottish higher and further education

Abstract

This article outlines the traditional gendered nature of further and higher education and how this has been challenged by long term developments. The focus on managerialism and competition provides a context for a re-invigorated ‘agentic’ (associated with masculinity) gendering. Non-executive management in further and higher education is deeply unbalanced in gender terms. Senior management in universities is male dominated but significantly more balanced in colleges. Furthermore, in universities, the career dynamic which privileges research and the gendering of this in favour of males, more than outweighs some new career spaces open to women. In colleges, the 1990s evacuation of many male managers created openings for women but in a particularly tough economic and business environment in which some have suggested that women have been used to bolster an ‘agentic’ male styled approach to management; others that a more adaptive less stereotypical approach is emerging.     

The use of real options valuation methodology in enhancing the understanding of the impact of climate change on companies

Climate change has in recent years gathered traction on the business, political and social agenda. From the business perspective, research has shown that climate change impacts on company value are uncertain, significant and strategically important. The challenge therefore is for the business community to apply financial valuation models that support the incorporation of the climate change impacts in strategic planning. However, the commonly used discounted cash flow techniques in capital budgeting are seen as failing to address the high levels of uncertainties inherent in climate change impacts. Real options thinking has been touted as having the potential to enhance understanding of these impacts via its direct handling of uncertainty, although not much research has been done to demonstrate this. Using an illustrative case study, this research presents an argument for introducing the real options approach, a new method for valuing options of future strategic action by companies in a setting that exhibits climate change impacts. The objective of this research is to contribute to the literature on strategic tools for addressing climate change and ultimately offer some management insights that can narrow the gap between finance theory and business practice. Copyright © 2009 John Wiley & Sons, Ltd and ERP Environment.     

A review of personality and performance: Identifying boundaries, contingencies, and future research directions

This article reviews the literature linking the Big Five personality traits with job performance in order to identify the most promising directions for future research. Specifically, we recommend expanding the criterion domain to include internal and external service-oriented behavior as well as adaptive performance. We also review situational moderators of the personality–performance relationship and suggest additional moderators at the task, social, and organizational levels. Finally, we discuss trait interactions and explain why we expect that our capability to predict employee behavior will be considerably improved by considering the interaction among traits.     

Doctoral Origins of Contributors to the American Economic Review, 1960-72

Professor Sun concludes that publishing performance, adjusted for differences in the number of Ph.D.'s granted, is not a function of the quality of graduate schools. Larger institutions appear to have an advantage by turning out a larger number of Ph.D.'s, but no correlation was found when the number of contributors to the AER from a school was compared with the rating of its graduate programs.

Economics departments may hope to improve their rating in doctoral programs by producing more Ph.D.'s and encouraging them to contribute to the AER, Professor Sun concludes.     

Sanders Foods: Planning for Success—An Instructional Case*

This case describes the second-generation importer Sanders Foods, which requires improved profitability. A new CFO has been hired to improve profits and thereby increase the market value of the firm for a possible future sale. The firm's strategy, although still completely valid, has not been carried out as intended. The board of directors has reaffirmed the firm's strategy. The CFO and CEO have developed a five-year plan to implement the strategy; the plan has been approved by the board. The task for the CFO is to develop a bottom-up budget for next year that accomplishes the first year of the plan. The operational improvements to achieve the existing strategy with the next year's budget will be demanding, which means it will likely need to be frequently updated with forecasts. Students will be tested on their knowledge and skills in implementing a committed budget, complete with a process for forecasts.     

Teaching student philanthropy—Possibilities for practice within the UK higher education sector

This practice paper reflects on lessons learnt from an undergraduate philanthropy module introduced across different programmes within the division for the Study of Law, Society, and Social Justice  at the University of Kent, United Kingdom. The module applies service-learning and experiential learning pedagogy to ensure students critically engage with community and societal issues; recognise themselves as philanthropists; and engage in a responsible decision-making process with their cohort. As one of the first UK Higher Education student philanthropy modules, lessons learnt provide important general reflections for student philanthropy modules internationally, alongside offering a potential ‘blueprint’ within the UK context. Aligning with others (such as McDougle's study) and drawing on critical reflections from students and partners, suggests that experiential learning pedagogy is most successful when carried out in a diverse and multidisciplinary learning space where students reflect on their own moral position alongside others to build consensus.     

Operationalizing the interpretive turn: Deploying qualitative methods toward an economics of meaning

In his original essay advocating the interpretive turn in economics, Lavoie makes an explicit argument favoring (1) an economics of meaning and (2) the growth of knowledge through discursive rivalry within the scientific community. This paper contends that within Lavoie's explicit argument is an implicit case for a particular mode of discovery that resists the excesses of formalism common within the economics discipline and instead puts the investigator, the investigator's theoretical lens, and the subject under investigation in close proximity to one another. With the nodal points of this triangulated relationship in closer proximity to one another, an iterative learning process emerges that is itself a source of social scientific discovery. Further, and in connection to this mode of discovery, is the implicit case favoring qualitative research methods that correct the economics discipline's excessive reliance upon quantitative analysis in its empirical investigations that distances the investigator from the subject under investigation. The goal of this paper is to make these implicit arguments explicit.     

The power of collective ambition

In the past few years, some companies have not just weathered the economic storm: They've emerged stronger than ever. How did such players as Four Seasons, Sephora, and Standard Chartered Bank defy conventional logic? Instead of pursuing a single ambition, such as profits, employees defined a collective ambition. As a result, those organizations deepened their engagement with employees and other stakeholders and became sustainably profitable. Purpose, a company's reason for existence, is the central element of collective ambition. The other elements--vision, targets and milestones, strategic and operational priorities, brand promise, core values, and leader behaviors--must be aligned to serve the company's purpose. Articulating the elements of collective ambition can give everyone in the organization a better sense of the company's purpose and how they can contribute to it. Purpose does not have to be about saving the world; providing excellent entertainment or banking services is just as meaningful a purpose as improving health care in emerging economies--as long as it is an authentic representation of why the company exists. To shape and then achieve a collective ambition, companies must strengthen their organizational glue (the collaborative engagement that creates a unified culture) and grease (the disciplined execution that enterprisewide change initiatives require).     

Decisive mechanism of organizational citizenship behavior in the hotel industry – An application of economic game theory

This paper applies an economic game theory model to explain the decisive mechanism of organizational citizenship behavior (OCB). The Sub-game Perfect Nash Equilibrium (SPNE) indicates that an employee's unique motivation of OCB is to maximize his or her own performance outcome. The findings also suggest that workload, importance of work to performance outcomes and cost of OCB jointly determine the amount of OCB that each individual employee exhibits. An empirical test utilizing frontline hotel employees was performed (N = 175). Using a partial related test and logistical model, the results supported three propositions, suggesting that the amount of OCB exhibited by each employee is jointly influenced by the workload, cost of OCBs and OCBs performed by coworkers.     

The Out-bound and In-bound Travelling Market

As the Spring Festival of China with a long vocation of seven days nationally is approaching, more and more attention is paid to the out-bound and inn-bound traveling market. Will people hold their pockets firmly in the ＂cold winter＂ of world-wide financial crisis, or will they grab the great discount of traveling and take a good relax？