Vertical integration,escalating commitment and technological performance: evidence from firms in the US computer industry

We set out in this study to analyse the impact on the technological performance of firms arising from their vertical integration, along with their escalating commitment to capital investment. Our findings reveal a positive relationship between vertical integration and the technological performance of such firms. A positive correlation is also found to exist between vertical integration and escalating commitment to capital investment; in other words, a firm's rising commitment to its capital investment may well strengthen the positive effects of vertical integration on the technological performance of the firm. More importantly, the interactive effects on technological performance will tend to differ, largely dependent on the type of vertical integration. The findings of this study also indicate that vertical integration can effectively neutralise the threat to exit barriers resulting from a firm's escalating commitment to its prior investment.     

基于努力柔性的TPLSP物流服务效率决策模型

物流服务效率的提高对促进物流产业的发展、实现经济增长方式的转变至关重要。文章运用实物期权的分析方法,分析了基于努力柔性的TPLSP提高物流服务效率的决策机理,得到了TPLSP选择高的努力水平并提供高的物流服务效率的客户企业产品市场需求规模门槛值。结果表明:考虑努力柔性使得该门槛值增大,不利于物流服务效率的提高。同时,文章对影响该门槛值的各因素进行了进一步的分析研究,认为物流服务供需双方企业间的战略联盟关系及政府的引导,都将促进TPLSP选择高的努力水平,进而提高物流服务效率。     

SME Internet use and strategic flexibility: the moderating effect of IT market orientation

Abstract

One of the most important topics in the marketing literature has been the concept of market orientation. However, questions remain as to the dynamics of how market orientation translates into intermediate capabilities. This study explores relationships among different types of Internet usage, IT market orientation (the extent to which IT is aligned to manage customer and competitor information and internal activities), and strategic flexibility (firm capability to respond to the need for change). Specifically, use of the Internet for communication with relevant stakeholders, owing to its market-sensing potential, should be positively and significantly related to strategic flexibility for SMEs with more IT market-oriented alignment. The market-sensing potential of Internet communication to impact strategic flexibility positively for SMEs is likely to be lost under low IT market-oriented-alignment conditions. In contrast, IT market orientation should not moderate the relationship between Internet use for transactions with relevant stakeholders and strategic flexibility, given that the typical order taking and processing is a static, routine function for SMEs. Results supported hypothesised relationships. By delineating the type of Internet usage and required IT alignment that contribute to leveraging the Internet effectively, findings hold implications for future research by clarifying boundary conditions for Internet effects. Specifying how and when Internet use promotes strategic flexibility, an important enabler of competitive advantage, helps small business owner/managers better utilise their limited resources.     

供应链柔性决策机制的建立

在对供应链的决策机制的研究过程中,大部分都是源于传统的决策理论方法。在传统的决策理论研究领域一般分为两个阵营,一个是基于理性决策研究,另一个是基于行为规则的决策理论研究。对于前者大部研究者在假设决策者是理性的前提下给予了研究,在这个领域里往往会运用博弈论的知识对决策行为给予剖析。但是由于市场环境的复杂多变,使得理性决策有时在一定的条件下存在着极大的局限性。尤其是特定的供应链网络系统内,在面对多个决策主体在空间与时间上的非同步性时,如何对决策者之间的关系进行协调以及时地应对外界环境的变化,从而使供应链整体效益最优,是研究的主要目的。基于规则决策的观点,用群决策支持系统原理(GDSS)为供应链网络设立一种更为柔性化的决策机制。     

供应链管理模式下的供应商柔性评价

顾客需求的变化和竞争的加剧使供应链柔性受到了越来越多的关注,供应商的柔性评价是构建柔性供应链的基础。不仅要从耗费指标和范围指标来分析供应商的外在柔性特征,还要从资源储备、制造技术、协调机制、信息系统等几个方面来分析供应商柔性的内在支撑要素,综合内在柔性和外在柔性的分析,才能全面评价出供应商的柔性水平。     

战略承诺灵活性的期权分析

战略承诺灵活性的重要意义在于其赋予企业以期权价值。降低风险是期权分析方法的基本特色。尽管其最大的障碍是参数的不确定性及用其估算出的价值难以被决策者所接受,但期权思维加速了战略管理过程,使企业具有更多的灵活性,有助于企业未来的长久发展。     

议企业财务风险的识别与防范

财务风险指企业财务活动中因有各种不确定因素影响 ,使企业财务收益与预期收益发生偏离 ,从而使企业蒙受经济损失的机会和可能。随着市场竞争的日趋激烈 ,财务风险对企业生存发展的影响也愈大 ,财务风险管理已经成了企业日常管理中一个非常重要的课题 ,本文就财务风险的识别、成因及防范处理等方面做了论述。     

基于资源整合视角的企业生产柔性系统研究

本文构建了基于资源整合视角的企业生产柔性系统,提出了企业生产柔性应该由资源层柔性和能力层柔性扩展到供应层柔性和产业层柔性的观点,认为企业应该搭建资源整合平台,应该注重其在供应链环节间的柔性共生,并提高其在产业集群、产业裂变和产业融合中的柔性度和引擎能力,从而提升企业适应全球市场竞争新范式的能力。     

关于资本结构柔性若干问题的思考

资本结构柔性理论认为,企业应培养一种财务缓冲能力,找到适合自己的最佳资本结构区间,而不是一个最优点。企业在筹资决策过程中应运用资本结构柔性的财务指标———支付比率,综合考虑经营风险、利率风险和政策风险,采取基于负债、基于权益、基于期权等手段,保证资本结构的柔性。