Stratography: The art of conceptualizing and communicating strategy

Representations of strategy tend to either be so generalized as to have little real meaning for employees, or go into such detail that people struggle to understand what is really required. The problem is this: a strategy not understood by those charged with implementing it is as bad as, or even worse than, not having a strategy at all. In 1983, a classic Business Horizons article by Karl Weick highlighted the importance of using graphical approaches to overcome strategy relation challenges; however, since then, little has been written regarding how managers might accomplish this successfully. Our article argues that individualized drawings of strategy, or what we term ‘stratography,’ could enable more effective conceptualization and communication of the strategic complexity that organizations face and the paths they are seeking to follow. Herein, we employ the latest thinking in cartography, educational philosophy, optics, graphic design, and military protocol to outline seven good practices of effective stratography.     

Work Pressure in Europe 1996–2001: Trends and Determinants

Diverse theories have predicted a trend towards growing work pressure in advanced capitalist societies, while pointing to quite distinct causal factors. This paper seeks to assess these arguments using data from two surveys of employees in European Union member‐states carried out in 1996 and in 2001. It finds there is no evidence of a trend towards higher work pressure over this period. There is, however, support for some of the main arguments about the types of factors that affect work pressure: for instance, skill, job control, new technology and current job security are clearly important. But the trends in job control and job security have not been those predicted, while changes in another major determinant — the length of working hours — have tended to reduce work pressure. There are substantial and relatively stable differences in work pressure between countries, but to a considerable extent, these reflect compositional differences with respect to the main determinants of work pressure.     

Prevailing Wage Regulations and School Construction Costs: Cumulative Evidence from British Columbia

The effect of prevailing wage laws on the cost of public construction has been the subject of an ongoing public policy debate. We measure this effect by comparing the public/private construction cost differential for schools built before and after British Columbia's Skills Development and Fair Wage Policy. Regression results indicate that public schools were 40.5 percent more expensive to build prior to the policy. This differential was 40.1 percent after the policy's enforcement. However, this change is not statistically significant. Regression results also indicate a stable construction cost function over the policy period. These results indicate that the effect of fair wage requirements was not different from zero in terms of magnitude or statistical significance. Combining these results with the findings of our previous research provides a comprehensive view regarding the effect of the British Columbian prevailing wage policy on school construction. This body of research, utilizing a variety of statistical methods, provides consistent evidence indicating that a relatively strong prevailing wage policy was not associated with changes in the efficiency or productivity of construction that contributes to increased building costs.     

Arbitrage and knowledge

I investigate in depth the contemporary, nation-wide arbitrage phenomenon of copper penny hoarding. While penny hoarding represents a “pure arbitrage” opportunity, it also clearly demonstrates the knowledge problems that face those entrepreneurs who are fully informed about intra-market price differences. This paper contrasts the Neoclassical and Austrian views on the role of information and knowledge in arbitrage, emphasizing the greater depth in understanding to be gained from the knowledge-based Austrian approach, as opposed to the information-based Neoclassical approach.     

Assessing the needs of assisted reproductive technology users of an online bulletin board

Consumers who are infertile and decide to use assisted reproductive technologies undergo lengthy, expensive and potentially risky medical procedures in their quest for a pregnancy and a live birth. In this research we use a consumer model of decision making to analyse the process. We review information available to consumers and we assess use of an online bulletin board which gives consumers social support and medical information during the process. We conclude with the needs for consumer education and protection.     

Corporate governance or governance by corporates? Testing governmentality in the context of China's national oil and petrochemical business groups

Like other industrial sectors with significant – ‘pillar’ – importance in China's overall economy and development, oil and petrochemicals are governed by state-owned business groups. In this context, ‘corporate governance’ of these groups is of fundamental interest. This study probes corporate governance of 31 national oil and petrochemical business groups by examining their structure, development and business activities in the period from 2007 to 2011. The post-1998 restructuring of China's qiyejituan business groups, their related party transactions and related party corporate finance all yield insight into how property rights are decisive in how corporate governance based on governmentality – or the interrelation of corporate, state and social relations – is structured. This study sheds light on how China's big business policy and governance of the state-business interface progresses in a socialist market economy. It has clear implications international trade and investment as well as multinational corporations doing business with China.     

Catering education and training in France and Britain: some implications for productivity

As the recruitment and retention of trained staff assumes increasing priority in an expanding British tourism and leisure industry, and as labour costs attract increasing attention in periods of recession, the hotel and catering industry is looking more searchingly at its levels of productivity. This report compares vocational education and training practice in France, where all the evidence suggests that hotel and catering production is higher than in Britain, and compares it with the British system. It suggests that the French, by retaining intact the relative importance of craft education and training and the proportion of total financial and other resources they allocate to it, have identified the key factor in effective manpower deployment.