Profiling people’s perceptions of retail management careers

Abstract

Educators are challenged to generate awareness of retail education programs and related career options. A corresponding issue for retailers is the recruitment and retention of career-oriented managers. The issue is complicated by negative attitudes in the general population about retail careers and a lack of awareness about retail career options. This study examines these attitudes through a questionnaire administered to a nation-wide sample of 310. A cluster analysis reveals four groups based on differences in their demographic/psychosocial characteristics and career preferences. The findings provide foci and key messages targeted to the distinct groups upon which retail managers and educators can base discrete career awareness and recruiting strategies.     

A Study of the Validity of the Moral Ethos Questionnaire and its Transferability to a Chinese Context

This paper begins by comparing and contrasting the Moral Climate Questionnaire (MCQ) and the Moral Ethos Questionnaire (MEQ), and identifies differences in their theoretical orientations. It argues that they seek to measure different things and should not be seen as competing instruments. The MEQ is based on Kohlbergian assumptions, regards the six individual stages of moral development as having equivalents within organisational moral atmosphere, and measures the relative strength of these organisational stages or forces. In validating the MEQ, one problem is its ranks-based questionnaire format, making standard assessments of reliability and validity difficult. The researchers investigated the MEQ's cross-cultural transferability and comprehensibility, by assessing how accurately three groups of 60 undergraduate business students, two Hong Kong Chinese and one Australian, assigned MEQ items to their designated stages. The Australian group met the comprehensibility criterion of 50% stage assignments (hits), but the Chinese did not, with Chinese students using an English version of the MEQ achieving fewer accurate hits than those using an expertly translated Chinese version. The results indicated some lack of cross-cultural transferability and some language-related interpretation differences. Students tended to assign stages 2, 3 and 4 items with greater accuracy than stages 1, 5 and 6, and the paper gives explanations for the lower comprehensibility of the latter. The paper concludes with comments on teaching Kohlbergian concepts to Chinese students and using the MEQ to research Chinese organisations.     

The out-of-sample success of term structure models as exchange rate predictors: a step beyond

A large literature suggests that standard exchange rate models cannot outperform a random walk forecast and that the forward rate is not an optimal predictor of the spot rate. However, there is evidence that the term structure of forward premia contains valuable information for forecasting future spot exchange rates and that exchange rate dynamics display nonlinearities. This paper proposes a term-structure forecasting model of exchange rates based on a regime-switching vector equilibrium correction model which is novel in this context. Our model significantly outperforms both a random walk and, to a lesser extent, a linear term-structure vector equilibrium correction model for four major dollar rates across a range of horizons.     

Manpower planning models and techniques: A descriptive survey

The authors review the reasons for the increasing need for manpower planning. The chief characteristics of the four main types of manpower planning are described. First is the technique of using opinion or informed judgment, including the somewhat unique Delphi technique. The use of matrix models is described for both executive and management manpower planning. Third, the authors identify the characteristics of quantitative techniques, dividing them into three categories: statistical methods, operations research methods, and network techniques. Finally, three computer simulation models are described, including the Weber model. Ten subjective criteria for evaluating the selected techniques are proposed, and an evaluation of the selected techniques is presented in a matrix form.     

The use of International Accounting Standards terminology, a survey of IAS compliance disclosure

This study examined where and how companies that purport to be using International Accounting Standards (IAS) are referring to IAS in their financial statements. Virtually all firms surveyed referred to IAS in the footnotes but referred to IAS in the audit report just under 50 percent of the time. The largest group of companies uses a combination of home-country and IAS standards. A significant number of firms report the use of IAS standards with exceptions. The majority of these firms do not discuss the dollar impact of those exceptions. Referencing IAS with home country standards or exceptions reduces comparability and transparency of financial statements. The International Accounting Standards Committee (IASC) is referenced as the source of IAS in about half of the cases. Failure to reference the IASC as the source of IAS may result in ambiguity concerning what IAS means     

Counting the cost of vulture decline—An appraisal of the human health and other benefits of vultures in India

Widespread use of the non-steroidal anti-inflammatory drug (NSAID) diclofenac to treat livestock has resulted in dramatic declines in the populations of vultures across India. This has become an issue of considerable concern as vultures are a keystone species and their decline has a range of socio-economic, as well as cultural and biodiversity impacts. In this paper, we review these impacts and estimate in detail the economic cost of one of them: the human health impacts of the vulture decline. Livestock carcasses provide the main food supply for vultures, and are also eaten by dogs. Dogs are the main source of rabies in humans in India, and their populations have increased substantially in parallel with the vulture decline. The potential human health impact of rabies associated with the vulture decline is found to be significant. This, and a wide range of other impacts suggest that significant resources should be put into (1) testing of pharmaceutical products to ensure that similar situations are not repeated, (2) helping vulture populations to recover through the use of alternative drugs to diclofenac that are of low toxicity to vultures, and (3) through conservation breeding programmes.     

Capital Flows to Developing Countries: Long- and Short-Term Determinants

This article focuses on the determinants of the large portfolioflows from the United States to Latin American and Asian countriesduring 1988–92. Cointegration techniques reveal that bothdomestic and global factors explain bond and equity flows todeveloping countries and represent significant long-run determinantsof portfolio flows. The article also investigates the dynamicsof portfolio flows by estimating seemingly unrelated error-correctionmodels. Global and country-specific factors are equally importantin determining the long-run movements in equity flows for bothAsian and Latin American countries, while global factors aremuch more important than domestic factors in explaining thedynamics of bond flows. U.S. interest rates are a particularlyimportant determinant of the short-run dynamics of portfolio,especially bond, flows to developing countries.