Shanghai's service apartments: Product,pricing and competition

In 1998, a total of 18 existing service apartments have been identified in Shanghai, with about a third being luxurious service apartments. The majority of the service apartments were built within the last two years. A luxurious service apartment provides hotel‐like facilities, coupled with a home‐away‐from‐home atmosphere for long‐stay guests. Typically, comprised of one or more, bedrooms, a kitchen equipped with all conceivable household appliances and many other conveniences, guests also enjoy housekeeping and laundry service packages. Shanghai, with a population of over 15 million, has made great progress in its modernization efforts, and is fast catching up to become a financial center of Asia. The foreign investors, expatriate personnel and their families constitute the potential demand for luxurious service apartment as a major type of lodging facilities in Shanghai. This paper presents a research study to identify the marketing strategies of luxurious service apartments in Shanghai. To uncover the characteristics of their operations and their clients, two surveys are conducted, one on the existing service apartments and the other on their users.     

Developing and Utilizing Network Resources: Roles of Political Skill

This study examines the role of political skill in the development and utilization of network resources at the individual level. Drawing on the behavioural and network perspectives as well as political skill literature, we propose that political skill increases one's network resources (developing network), which will benefit his/her performance and career success. Moreover, political skill is hypothesized to strengthen the relationships between network resources and performance and career outcomes (utilizing network). A two‐wave study on a sample of 281 supervisor–subordinate dyads from six electronic firms in China confirms our hypotheses. Our examination of the dual role of political skill facilitates a better understanding of the networking process from the perspective of individual skill/behaviour, thus enriching the behavioural theory and network literature. Implications are discussed and directions for future research are suggested.     

Information searching and the travel behaviours of MICE travellers: a cross‐cultural study

Despite growing academic interest in meetings, incentives, conventions and exhibitions (MICE) travel in recent years, there has been little investigation of the comparative information search behaviours of MICE travellers on the basis of their country of origin and cultural background. This paper proposes that country of residence and primary language spoken are significant factors in explaining the information searching and travel behaviours of MICE travellers. The sample population included Japanese‐, English‐ and Chinese‐speaking MICE travellers. A self‐completion questionnaire was administered to travellers undertaking MICE‐related travel in Taipei, Taiwan. Some significant differences were identified between the three respondent groups. The findings demonstrate the important role that is played by internal and external information sources among MICE travellers as a predictor of their subsequent travel to Taiwan. Copyright © 2011 John Wiley & Sons, Ltd.     

Establishment and application of fuzzy decision rules: an empirical case of the air passenger market in Taiwan

This paper develops a framework for creating fuzzy decision rules by socio‐economic variables, transactional record variables and customer benefit variables. Fuzzy decision rules may be applied on marketing systems of businesses. This research uses fuzzy k‐means algorithm and C4.5 decision tree algorithm to generate fuzzy decision rules. The framework is applied on the air passenger market of Taiwan for an empirical case study. Results of this research found two non‐fuzzy (crisp) decision rules and two fuzzy decision rules, which can be applied on the customer relationship management systems of airlines. Copyright © 2010 John Wiley & Sons, Ltd.     

Product development strategies for established market pioneers,early followers,and late entrants

At the time of entry, market pioneers are known for emphasizing major product development projects. After being in the market for many years, however, do market pioneers, early followers, and late entrants maintain different product development strategies? Data from 2273 established manufacturing businesses reveal that market pioneers have the highest probability of engaging in product development, which covers product R&D spending as well as new product sales. Even so, market pioneers and early followers tend to emphasize minor projects, such as product improvements and line extensions. Late entrants are less likely to engage in product development, but those that do tend to emphasize major development efforts. Copyright © 2002 John Wiley & Sons, Ltd.     

A more flexible joint latent model for longitudinal and survival time data

In this article, a more flexible and easily explained joint latent model with time-varying coefficients is used to characterize time-dependent responses and a failure time. The dependence within time-dependent responses and between time-dependent responses and a failure time, and the heterogeneity in both processes are established through partially non-parametric latent variables. Based on longitudinal and survival time data, an estimation procedure is proposed for the parameter functions of the joint latent model. In our estimation, the approximated likelihood is constructed via substituting the basis function expansions for parameter functions. The expectation and maximization (EM) algorithm is then implemented to obtain the maximizer of the approximated likelihood function, and, hence, the estimated parameter functions. The validity of the considered joint latent model enables us to derive the asymptotic properties of the estimated functions. Moreover, the corresponding finite sample properties and the usefulness of our methods are demonstrated through a Monte Carlo simulation and the AIDS Clinical Trials Group (ACTG) 175 data. A possible extension of our joint latent model and some additional topics of interest are also discussed herein.     

Uniqueness of equilibrium for smooth multistage concave games

Smooth, noncooperative, multistage, concave games are formulated so that a new uniqueness condition—based on the Poincaré-Hopf theorem—can be applied. The new condition is the weakest to appear in the uniqueness literature. The uniqueness subgame perfect equilibrium is obtained and examples are given.     

Exploratory analyses of dividend reinvestment plans and some comparisons

In this paper, we explore salient features of dividend reinvestment plans (DRIPs), analyze their financial peculiarities and search for the differences between firms that offer DRIPs and those that do not. As more than 1200 firms currently offer the plan, an understanding of why these plans differ in a variety of cost/benefit structures and, perhaps more importantly, what separates these firms from No-DRIP firms is crucial for both investors and adaptors of the plan. Our research suggests that—out of 17 financial and accounting variables—DRIP firms differ from No-DRIP firms in only three variables. In spite of this, we conclude that there is much to learn about the motivation for DRIPs.