Flexibility is a key component in any agile manufacturing enterprise. A methodology that a firm may use to design, build and then implement a flexible manufacturing (FM…
Flexibility is a key component in any agile manufacturing enterprise. A methodology that a firm may use to design, build and then implement a flexible manufacturing (FM) solution is presented. An FM solution is defined as an operational intervention that helps the company counter the changes in its internal and external environments. The methodology was developed in collaboration with several industrial partners, and is easy to use and readily applicable in an industrial setting. The FM solution design method is structured as a three‐phase execution. Phase I involves identifying the flexibility needs of the company. Phase II is the actual development of the FM solution and includes models for measuring the current and target flexibility levels. Phase III incorporates a process to address the economic viability of the proposed solutions. Also reported are the results of a survey on the relative importance of the flexibility types.
Three years out of a recession corporate strategy has undergone a decisive shift in emphasis from cost reduction to sales growth. Companies are looking hard at the structure of their marketing departments in search of better performance. Three models are apparent. First, there is pure marketing; McVities is trying to gain leverage by concentrating on the essentials. Second, immediate marketing; American Express (Amex) has decentralized its operations and is improving its market segmentation. Finally, introductory marketing; companies such as Allied Leisure are looking to start again from scratch
Purpose – Canadian library workforce data were used to explore recent graduates’ perceptions of their MLS programs: their ratings of the competencies acquired, satisfaction with the overall quality of education, and suggested improvements.
Design/Methodology/Approach – Surveys of libraries and practitioners were conducted from 2003 to 2006. These data were used as a baseline in replicating the survey with the staff of Canadian research libraries in 2013/2014. Recent graduate librarian data were extracted from the two data sets and comparatively analyzed.
Findings – The profile of recent graduates did not change appreciably between 2004 and 2014. Graduates surveyed in 2014 more favorably rated generalist skills and were more likely than the 2004 sample to indicate that they were provided with the range of skills and abilities required to effectively perform their jobs. Management, leadership, and business skills continued to rank lowest. Roughly half of 2004 and 2014 graduates continued to indicate satisfaction with the quality of education received overall. Similarly, half of 2004 and 2014 graduates felt that they could apply what they learned to their current jobs and fewer agreed that they were provided with a realistic depiction of what it is like to work as an academic librarian. Suggestions for program improvement were mostly stable over time, with greatest importance attached to making programs more practical/practice-oriented and improvements to the relevance and currency of the curriculum.
Originality/Value – Studies of the Canadian library workforce had not been conducted previously. This study should be of interest to MLS schools who are re-envisioning their programs with the experiences of recent graduates/new professionals in mind.
Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and…
Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely, innovative thought structures and attitudes have almost always forced economic institutions and modes of behaviour to adjust. We learn from the history of economic doctrines how a particular theory emerged and whether, and in which environment, it could take root. We can see how a school evolves out of a common methodological perception and similar techniques of analysis, and how it has to establish itself. The interaction between unresolved problems on the one hand, and the search for better solutions or explanations on the other, leads to a change in paradigma and to the formation of new lines of reasoning. As long as the real world is subject to progress and change scientific search for explanation must out of necessity continue.
This paper seeks to analyse Steel Partners' investments and activism targeting United Industrial, Ronson, and BKF Capital to provide context for the debate surrounding…
This paper seeks to analyse Steel Partners' investments and activism targeting United Industrial, Ronson, and BKF Capital to provide context for the debate surrounding shareholder activism by hedge funds and how incumbent management should cope with it. Steel Partners is one of the busiest and most controversial activist investors in both the USA and Japan.
An in‐depth clinical analysis of Steel Partners activism at three targets is performed. Context is then provided with a broader study of 63 companies targeted by Steel Partners.
The paper reveals that Steel achieved remarkably different degrees of success with each target. This analysis suggests the use of longer post‐activism windows to examine performance, more nuanced definitions of successful activism, and the inclusion of officer and director ownership as a predictor of activist success and target performance.
Managers wishing to maintain their independence face a difficult balancing act. One option is simply to refuse to negotiate, preferably while maintaining a substantial ownership stake. However, the activist might launch a proxy fight or hostile bid, file a lawsuit, or even encourage a wolf‐pack type campaign. For activists, target selection, especially managerial ownership, and patience are important. Steel quickly achieved its goals at BKF and failed at Ronson despite maintaining its stake for more than 13 years. It suffered large losses in both cases.
This paper provides researchers and practitioners with additional insights into the debate concerning the value of hedge fund activism. It also suggests several new questions to researchers examining corporate governance and activism.
Both the ideals of the European Union (EU) and the EU's recent political difficulties have attracted comparison with the Habsburg empire. In recent years, some of those making comparison have turned to the Austrian Jewish novelists, Stefan Zweig and Joseph Roth, who were crucial to the imaginative emergence of the Habsburg Myth. This paper analyses their writings and those of Robert Musil and Gregor von Rezzori in relation to the Habsburg Myth as a story about European unity, about Austria-Hungary as a supranational polity and about Austria-Hungary's self-proclaimed providential purpose in European affairs. It explores the dissonance between the Habsburg Myth and the EU's territorial composition and argues that the Habsburg Myth is, nonetheless, revealing about the EU's internal hierarchies and its geopolitical difficulties in relation to Russia.
“When James Boswell returned from a tour of Corsica in 1765 he wrote: ‘It is indeed amazing that an island so considerable, and in which such noble things have been doing…
“When James Boswell returned from a tour of Corsica in 1765 he wrote: ‘It is indeed amazing that an island so considerable, and in which such noble things have been doing, should be so imperfectly known.’ The same might be said today of Puerto Rico.” Thus began Millard Hansen and Henry Wells in the foreword to their 1953 look at Puerto Rico's democratic development. Four decades later, the same could again be said about the island.