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1 – 10 of over 1000It is shown that Trueswell's empirical 80/20 rule arises quite naturally, in general terms at least, from the type of stochastic model for library loans presented by Burrell and…
Abstract
It is shown that Trueswell's empirical 80/20 rule arises quite naturally, in general terms at least, from the type of stochastic model for library loans presented by Burrell and Cane. Particular attention is paid to previously suggested uses of the rule in identifying a ‘core collection’ for a library. This emphasizes that the length of the time period considered is of crucial importance.
Vilfredo Pareto was a late nineteenth‐century economist/sociologist who first noted and reported his observation that about 80 percent of wealth was concentrated in about 20…
Abstract
Vilfredo Pareto was a late nineteenth‐century economist/sociologist who first noted and reported his observation that about 80 percent of wealth was concentrated in about 20 percent of a population. This is the basis for what we now call the Pareto Principle.
Gopalakrishnan Narayanamurthy and Anand Gurumurthy
Launch strategies, marketing techniques and data analytics procedure adopted by a firm before launching a new product.
Abstract
Subject area
Launch strategies, marketing techniques and data analytics procedure adopted by a firm before launching a new product.
Study level/applicability
Academic students and management trainees who want to learn the methodology adopted by firms with respect to strategic management and marketing for launching a new product in Indian market.
Case overview
Launch plan for Roulette, a premium segment brandy manufactured by John Distilleries Private Limited, has to be designed for Karnataka, Pondicherry and Andhra Pradesh markets in India by the Brand Manager Mr Pundlik Kalburgi. Competitors and target market share needs to be identified for all the three markets. Potential outlets, target outlets, channel-wise sales contribution, depot-wise sales contribution and size of the packs to be produced need to be identified for Karnataka market. These identifications need to be submitted to the chairman of the company and other department heads to implement the launch.
Expected learning outcomes
Pareto rule (80/20 rule) application for cost-efficient launch strategy; segmentation and identification of competitors; procedure to identify potential of the launch product and market share that can be targeted; and understanding the complete functioning of alcoholic beverage industry in Indian markets (with special reference to Karnataka) and analysing the market data to build an entire launch plan; 4.1 Identifying channel-wise potential and target outlets for the launch product; 4.2 Identifying potential and target depots and number of outlets under each of the depots; 4.3 How pack size of launching product to be manufactured is decided upon.
Supplementary materials
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Mohamed Syazwan Ab Talib, Abu Bakar Abdul Hamid and Ai Chin Thoo
The purpose of this paper is three pronged. First, to review the existing critical success factors (CSF) literature in the context of supply chain management (SCM). Second, to…
Abstract
Purpose
The purpose of this paper is three pronged. First, to review the existing critical success factors (CSF) literature in the context of supply chain management (SCM). Second, to analyze the occurrence frequency of every possible CSF in SCM literature. Third, to identify the “vital few” and the “useful many” CSF that are harmonized across the SCM field.
Design/methodology/approach
A time-specific and term-sensitive literature review technique is undertaken to generate a list of possible CSF in SCM. The review yielded 55 papers, but only 26 empirical CSF papers were selected for analysis as the reliability and validity of the factors had been rigorously tested. Consequently, a Pareto analysis approach was applied to trace the CSF frequency of occurrence in SCM literature. By performing a Pareto analysis, this present study is able to identify and categorize the “vital few” and “useful many” CSF that are consistent throughout various fields of SCM. The review and results are tabulated and a Pareto diagram has been constructed to provide a summary of findings.
Findings
Out of the 26 selected empirical papers, 25 potent CSF in SCM literature have been extracted. From the Pareto analysis, nine CSF represent 80.68 percentage of occurrence which is regarded as the “vital few” CSF in SCM. The remaining 16 CSF represent 19.32 percentage of occurrence and is regarded as the “useful many” CSF in SCM. The nine “vital CSF” are immensely important, because in order to achieve supply chain and operation success, one must recognize the few vital factors that are responsible for the larger impact onto the industry compared to the other 16 “useful many” CSF.
Practical implications
The study offers some sense of assistance to SCM managers in highlighting the vital few CSF that matter most, regardless of their nature of SCM fields. Thus, saving their energy, time, and resources in determining the critical pieces of information. For academicians, this study provides a platform for future SCM CSF research and the results could aid researchers in developing the research instrument.
Originality/value
This study is the first attempt to apply Pareto analysis for SCM CSF studies and critically analyzing a wide range of SCM CSF literature. The result could allow supply chain managers to focus on the internal factors, as it could implicate the external factors, and is vital for sustainable supply chain operation, plus, it could stimulate potential researcher opportunities in linking SCM CSF and firm performance.
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Dhammika Manjula Dolawattha, H.K. Salinda Premadasa and Prasad M. Jayaweera
The purpose of this study is to evaluate the sustainability of the proposed mobile learning framework for higher education. Most sustainability evaluation studies use quantitative…
Abstract
Purpose
The purpose of this study is to evaluate the sustainability of the proposed mobile learning framework for higher education. Most sustainability evaluation studies use quantitative and qualitative methods with statistical approaches. Sometimes, in previous studies, machine learning models were utilized conventionally.
Design/methodology/approach
In the proposed method, the authors use a novel machine learning-based ensemble approach with severity indexes to evaluate the sustainability of the proposed mobile learning system. In this severity indexes, consider the cause-and-effect relationship to identify the hidden correlation among sustainability factors. Also, the proposed novel sustainability evaluation algorithm helps to evaluate and improve sustainability iteratively to have an optimal sustainable mobile learning system. In total, 150 learners and 150 teachers in the university community engaged in the study by taking the sustainability questionnaire. The questionnaire consists of 20 questions that represent 20 sustainable factors in five sustainability dimensions, i.e. economic, social, political, technological and pedagogical.
Findings
The results reveal that the proposed system has achieved its economic and pedagogical sustainability. However, the results further reveal that the proposed system needs to be improved on technological, social and political sustainability.
Originality/value
The study focused novel machine learning approach and technique for evaluating sustainability of the proposed mobile learning framework.
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This paper aims to examine how libraries can create relative bargaining power and presents a methodology for analyzing collections and preparing for negotiations.
Abstract
Purpose
This paper aims to examine how libraries can create relative bargaining power and presents a methodology for analyzing collections and preparing for negotiations.
Design/methodology/approach
A brief literature review of the current state of collection budgets and electronic resource prices is presented prior to proposing a methodology based on business analysis frameworks and techniques.
Findings
Electronic resource subscription prices are increasing at a rate significantly higher than inflation, while collection budgets grow slowly, remain stagnant or decrease. Academic libraries have the ability to counteract this trend by creating relative bargaining power through organizational efforts that take advantage of size and concentration (e.g. consortia), vertical integration through practices such as library publishing and open access and through individual efforts using information. This paper proposes metrics and methodologies that librarians can use to analyze their collections, set negotiation priorities and prepare for individual resource negotiations to create relative bargaining power.
Practical implications
The proposed methodology enables librarians and buyers of information resources to harness the information available about their electronic resource collections to better position themselves when entering negotiations with vendors.
Originality/value
This paper presents metrics, some not commonly used (i.e. average annual price increase/decrease), that aid in understanding price sensitivity. Pareto analysis has been traditionally used to analyze usage, but this paper suggests using it in relation to costs and budgets for setting negotiation priorities.
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P. Pete Chong, Ye‐Sho Chen and Jason Chou‐Hong Chen
As part of the business strategy in a competitive environment, for an organization to induct information technology (IT) appropriately, business process reengineering (BPR) must…
Abstract
As part of the business strategy in a competitive environment, for an organization to induct information technology (IT) appropriately, business process reengineering (BPR) must be conducted. We propose a process that incorporates both management information systems and strategic management concepts for the IT induction. First, we develop a business competition strategy based on Porter’s five competitive forces; second, using concepts developed in the field of information systems the business processes are reengineered to improve effectiveness and efficiency; and finally, IT strategy is developed to achieve these goals. A real‐life case in the food service industry is used to illustrate this process.
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Madhukar Chhimwal, Saurabh Agrawal and Girish Kumar
The circular economy concepts are useful for resource conservation, eliminating waste and enhancing the efficiency of production to improve the sustainability of the system. The…
Abstract
Purpose
The circular economy concepts are useful for resource conservation, eliminating waste and enhancing the efficiency of production to improve the sustainability of the system. The application of CE in Indian manufacturing industry is in nascent stage. India’s manufacturing sector significantly contributes to the economic development of the nation; therefore, this study aims to identify and analyze the sustainability related challenges faced during the implementation of the circularity concept.
Design/methodology/approach
Comprehensive survey of literature and the use of Pareto analysis yield ten significant challenges which are further analyzed using fuzzy-Decision-Making Trial and Evaluation Laboratory approach.
Findings
Findings revealed that noncompliance of environmental laws, revenue generation, design issues owing to technological limitations and less preference to refurbished and reused product are some of the major challenges to the CE practices in the manufacturing industry.
Research limitations/implications
The results will help the researchers and practitioners in strategic decision-making for the improved application of circularity in the production process.
Originality/value
This paper contributes to the identification and prioritization of sustainability-related challenges faced during the implementation of a novel concept by a developing economy.
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This article seeks to provide a perspective on a future pathway for records management that is based on taking a proportionate approach rather than striving for perfection. This…
Abstract
Purpose
This article seeks to provide a perspective on a future pathway for records management that is based on taking a proportionate approach rather than striving for perfection. This approach requires a re‐interpretation of traditional principles and their application in practice and recognition of the predominance of people in successful information and records management in the digital domain.
Design/methodology/approach
The views are the author's based on the headline findings of a major research project (AC+erm) which investigated issues and practical strategies for accelerating positive change in electronic records management. They incorporate views on contextual developments since the project, in particular the characteristics of today's hybrid and increasingly mobile office environment such as the use of recognition technologies.
Findings
The ten headline findings of the AC+erm project are shared. Two strategic findings are highlighted, namely, articulating a vision of successful electronic records management and the approach to applying records management principles in order to realise that vision of success. The article then focuses on two of the other findings, about the need for information and records professionals to adopt proportionate and risk based approaches and to ensure they (the records professionals) are an essential part of the solution not the problem. Post the project, views on these and tactics for addressing them are discussed with reference to real examples and potential future research and development.
Research limitations/implications
The research that provides the context for the article was qualitative and therefore its findings transferrable rather than generalisable. The views expressed about tactics for moving forward are intended to contribute to the debate about approaches to managing records in the democratic, digital domain.
Practical implications
A proportionate approach to managing records by definition implies a risk‐based approach. This may prove challenging in organizational, societal and cultural contexts that are risk averse.
Originality/value
The research which underpins this article was the first on the subject to be conducted in the UK and adopted a unique evidence‐based approach. Undertaken in the context of the “promise” of electronic document and records management systems, its findings are relevant in the broader systems solutions. They provide a context for this perspective on current and potential tactics for addressing strategic issues for managing records in the digital domain. This provides a significant contribution to knowledge and debate in this field.
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Edward T. Chen, P. Pete Chong and Jason C.H. Chen
Focuses on time reduction in meetings through the use of group decision support systems (GDSS). Reports on some criticisms of GDSS, in that it increases time taken to reach a…
Abstract
Focuses on time reduction in meetings through the use of group decision support systems (GDSS). Reports on some criticisms of GDSS, in that it increases time taken to reach a decision, and addresses this issue. Refers to Grosch’s Law, the Satisficing Model, and the 80/20 rule (or Pareto Principle). Applies the 80/20 rule to the number of papers published by a number of authors. Plots a chart of the figures and finds that 77 per cent of papers are written by 23 per cent of authors. Links back these findings to GDSS and suggests that by controlling openness, some control can be exercised over the length of time it takes to reach a decision. Indicates that the use of electronic meeting systems will increase and, consequently, further research should be carried out in reducing uproductive meeting time.
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