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1 – 10 of 146This chapter focuses on the impact that private-equity financing has on nurturing and developing global entrepreneurs in emerging economies. The research question is: how do…
Abstract
This chapter focuses on the impact that private-equity financing has on nurturing and developing global entrepreneurs in emerging economies. The research question is: how do potentially high-impact entrepreneurial start-ups in emerging economies rapidly expand globally in order to compete with developed-country competitors. Oviatt’s and McDougall’s (1994, 2005) international new venture typology is used to analyze a case study of an emerging-economy, born-global start-up and its relationship with a venture capital firm, which is crucial to develop a competitive international business strategy.
In spite of operating in an emerging country lacking a well-developed entrepreneurial ecosystem (institutional void), a global start-up in conjunction with a venture capital firm that practiced a hands-on investment strategy, was able to successfully scale its business model globally over a 10-year period. The venture capital firm played a critical role in providing institutional support, lacking in this emerging country, to enable the start-up to quickly grow and become competitive with Western competitors.
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Quality management practices (QMP) have stood as one of the critical strategic differentiators for enhancing firm performance. The production and manufacturing industry is the…
Abstract
Purpose
Quality management practices (QMP) have stood as one of the critical strategic differentiators for enhancing firm performance. The production and manufacturing industry is the main driving force of economic growth and social development for any developed or developing country. This study aims to focus on two primary dimensions of QMP: soft quality management practices (SQMP) and hard quality management practices (HQMP) from the socio-technical system perspectives. Based on institutional theory perspectives, the study explores the impact of SQMP and HQMP on quality performance (QP), innovation performance (IVP) and financial performance (FP) in Indian oil processing organizations.
Design/methodology/approach
A proposed research model is validated using 289 cross-sectional survey data collected from the senior officials of oil processing firms in India. Covariance-based structural equation modeling is used to verify the proposed theoretical model.
Findings
SQMP, directly and indirectly, influenced QP and IVP while only indirectly to FP mediated through QP. HQMP directly impacted only QP while indirectly to IVP and FP mediated through QP.
Research limitations/implications
Impact of organizational legitimacy in proper utilization or application of QMP in achieving the firm sustainable growth. The future study may address the following Research Question (RQ) also: How do QMP enhance the legitimacy of organizations operating in the oil processing industries? Are there specific mechanisms or pathways through which improved performance contributes to enhanced organizational legitimacy? How does legitimacy impact the success and sustainability of organizations, particularly, within the context of the oil processing industries? Are there regulatory requirements or industry certifications that organizations must adhere to in order to maintain legitimacy?
Practical implications
Similarly, manufacturing firms establish QMP of interaction and maintaining relationships with all the stakeholders, total employee empowerment and involvement, workforce commitment and workforce management, helping to control their reputations and maintain legitimacy (Li et al., 2023). Similarly, in the health industry, the health management information system (HMIS), which uses the DHIS2 platform, establishes that isomorphism legitimizes data QMP among health practitioners and, subsequently, data quality. Further, it was concluded that mimetic isomorphism led to moral and pragmatic legitimacy. In contrast, normative isomorphism led to cognitive legitimacy within the HMIS structure and helped to attain the correctness and timeliness of the data and reports, respectively (Msendema et al., 2023). Quality, flexibility and efficiency of Big Data Analytics through better storage, speed and significance can optimize the operational performance of a manufacturing firm (Verma et al., 2023).
Social implications
The study provides the academician with the different dimensions of QMP. The study demonstrates how a firm develops multiple performance capabilities through proper QMP. Also, it shows how vital behavioral and managerial perspectives are to QMP and statistically solid tools and techniques. The study draws their importance to risk factors involved in the firms. Since the SQMP play a vital role, thus, emphasis on the behavioral dimension of quality requires more investigation and is in line with hard technological advancements in the quality field.
Originality/value
The study of the impact of HQMP and SQMP on performance is still not established. There are inconsistencies in the findings. The study of the impact of HQMP and SQMP in oil processing industries has not dealt with before. The effects of HQMP and SQMP on the firm’s FP have least been dealt. In context to the intended influence of QM implementation, QP has not been examined as a potential mediator between FP. Research carried out in the past is limited to American and European countries. However, a limited study was done in Asia, and no study has been conducted in the Indian context.
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A. Kaveh, H. Rahami and Iman Shojaei
The purpose of this paper is to present an efficient method for dynamic analysis of structures utilizing a modal analysis with the main purpose of decreasing the computational…
Abstract
Purpose
The purpose of this paper is to present an efficient method for dynamic analysis of structures utilizing a modal analysis with the main purpose of decreasing the computational complexity of the problem. In traditional methods, the solution of initial-value problems (IVPs) using numerical methods like finite difference method leads to step by step and time-consuming recursive solutions.
Design/methodology/approach
The present method is based on converting the IVP into boundary-value problems (BVPs) and utilizing the features of the latter problems in efficient solution of the former ones. Finite difference formulation of BVPs leads to matrices with repetitive tri-diagonal and block tri-diagonal patterns wherein the eigensolution and matrix inversion are obtained using graph products rules. To get advantage of these efficient solutions for IVPs like the dynamic analysis of single DOF systems, IVPs are converted to boundary-value ones using mathematical manipulations. The obtained formulation is then generalized to the multi DOF systems by utilizing modal analysis.
Findings
Applying the method to the modal analysis leads to a simple and efficient formulation. The laborious matrix inversion and eigensolution operations, of computational complexities of O(n2.373) and O(n3), respectively, are converted to a closed-form formulation with summation operations.
Research limitations/implications
No limitation.
Practical implications
Swift analysis has become possible.
Originality/value
Suitability of solving IVPs and modal analysis using conversion and graph product rules is presented and applied to efficient seismic optimal analysis and preliminary design.
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Behnam Salimi and David R. Hayhurst
Purpose — The purpose of this paper is to seek improved solution techniques for combined boundary‐initial value problems (IVPs) associated with the time‐dependent creep…
Abstract
Purpose — The purpose of this paper is to seek improved solution techniques for combined boundary‐initial value problems (IVPs) associated with the time‐dependent creep deformation and rupture of engineering structures at high temperatures and hence to reconfigure a parallel iterative preconditioned conjugate gradient (PCG) solver and the DAMAGE XXX software, for 3‐D finite element creep continuum damage mechanics (CDM) analysis.Design/methodology/approach — The potential to speed up the computer numerical solution of the combined BV‐IVPs is addressed using parallel computers. Since the computational bottleneck is associated with the matrix solver, the parallelisation of a direct and an iterative solver has been studied. The creep deformation and rupture of a tension bar has been computed for a range of the number of degrees of freedom (ndf), and the performance of the two solvers is compared and assessed.Findings — The results show the superior scalability of the iterative solver compared to the direct solver, with larger speed‐ups gained by the PCG solver for higher degrees of freedom. Also, a new algorithm for the first trial solution of the PCG solver provides additional speed‐ups.Research limitations/implications — The results show that the ideal parallel speed‐up of the iterative solver of 16, relative to two processors, is achieved when using 32 processors for a mesh of ndf = 153,238. Originality/value — Techniques have been established in this paper for the parallelisation of CDM creep analysis software using an iterative equation solver. The significant computational speed‐ups achieved will enable the analysis of failures in weldments of industrial significance.
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Svetlin Georgiev, Aissa Boukarou, Keltoum Bouhali and Khaled Zennir
This paper is devoted to the generalized Kadomtsev–Petviashvili I equation. This study aims to propose a new approach for investigation for the existence of at least one global…
Abstract
Purpose
This paper is devoted to the generalized Kadomtsev–Petviashvili I equation. This study aims to propose a new approach for investigation for the existence of at least one global classical solution and the existence of at least two nonnegative global classical solutions. The main arguments in this paper are based on some recent theoretical results.
Design/methodology/approach
This paper is devoted to the generalized Kadomtsev–Petviashvili I equation. This study aims to propose a new approach for investigation for the existence of at least one global classical solution and the existence of at least two nonnegative global classical solutions. The main arguments in this paper are based on some recent theoretical results.
Findings
This paper is devoted to the generalized Kadomtsev–Petviashvili I equation. This study aims to propose a new approach for investigation for the existence of at least one global classical solution and the existence of at least two nonnegative global classical solutions. The main arguments in this paper are based on some recent theoretical results.
Originality/value
This article is devoted to the generalized Kadomtsev–Petviashvili I equation. This study aims to propose a new approach for investigation for the existence of at least one global classical solution and the existence of at least two nonnegative global classical solutions. The main arguments in this paper are based on some recent theoretical results.
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Andrew Cumbers and Robert McMaster
This paper seeks to challenge the simplistic formulation of public ownership in terms of centralized planning and state bureaucracy. Instead, drawing on the works of Dewey and…
Abstract
Purpose
This paper seeks to challenge the simplistic formulation of public ownership in terms of centralized planning and state bureaucracy. Instead, drawing on the works of Dewey and Veblen the paper aims to argue that public ownership is a critical aspect of forging progressive change through enhancing democratic participation in economic decision making.
Design/methodology/approach
The paper presents a conceptual analysis of public ownership types and employs case examples to further illuminate the argument.
Findings
The conceptual analysis challenges the supposition of market superiority in standard economic approaches and in neoliberalism. Drawing from the instrumental valuation principle a wide corpus of public ownership modes can offer the prospect of enhanced democratic participation that challenges existing power structures.
Originality/value
By emphasising the association between ownership and democracy the paper challenges the assumption that markets necessarily offer the only route to democratic participation. It also identifies and challenges the market fundamentalism of standard economic approaches.
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Randolph Rach, Abdul‐Majid Wazwaz and Jun‐Sheng Duan
The purpose of this paper is to propose a new modification of the Adomian decomposition method for resolution of higher‐order inhomogeneous nonlinear initial value problems.
Abstract
Purpose
The purpose of this paper is to propose a new modification of the Adomian decomposition method for resolution of higher‐order inhomogeneous nonlinear initial value problems.
Design/methodology/approach
First the authors review the standard Adomian decomposition scheme and the Adomian polynomials for solving nonlinear differential equations. Next, the advantages of Duan's new algorithms and subroutines for fast generation of the Adomian polynomials to high orders are discussed. Then algorithms are considered for the solution of a sequence of first‐, second‐, third‐ and fourth‐order inhomogeneous nonlinear initial value problems with constant system coefficients by the new modified recursion scheme in order to derive a systematic algorithm for the general case of higher‐order inhomogeneous nonlinear initial value problems.
Findings
The authors investigate seven expository examples of inhomogeneous nonlinear initial value problems: the exact solution was known in advance, in order to demonstrate the rapid convergence of the new approach, including first‐ through sixth‐order derivatives and quadratic, cubic, quartic and exponential nonlinear terms in the solution and a sextic nonlinearity in the first‐order derivative. The key difference between the various modified recursion schemes is the choice of the initial solution component, using different choices to partition and delay the subsequent parts through the recursion steps. The authors' new approach extends this concept.
Originality/value
The new modified decomposition method provides a significant advantage for computing the solution's Taylor expansion series, both systematically and rapidly, as demonstrated in the various expository examples.
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Yanfei Lu, Futian Weng and Hongli Sun
This paper aims to introduce a novel algorithm to solve initial/boundary value problems of high-order ordinary differential equations (ODEs) and high-order system of ordinary…
Abstract
Purpose
This paper aims to introduce a novel algorithm to solve initial/boundary value problems of high-order ordinary differential equations (ODEs) and high-order system of ordinary differential equations (SODEs).
Design/methodology/approach
The proposed method is based on Hermite polynomials and extreme learning machine (ELM) algorithm. The Hermite polynomials are chosen as basis function of hidden neurons. The approximate solution and its derivatives are expressed by utilizing Hermite network. The model function is designed to automatically meet the initial or boundary conditions. The network parameters are obtained by solving a system of linear equations using the ELM algorithm.
Findings
To demonstrate the effectiveness of the proposed method, a variety of differential equations are selected and their numerical solutions are obtained by utilizing the Hermite extreme learning machine (H-ELM) algorithm. Experiments on the common and random data sets indicate that the H-ELM model achieves much higher accuracy, lower complexity but stronger generalization ability than existed methods. The proposed H-ELM algorithm could be a good tool to solve higher order linear ODEs and higher order linear SODEs.
Originality/value
The H-ELM algorithm is developed for solving higher order linear ODEs and higher order linear SODEs; this method has higher numerical accuracy and stronger superiority compared with other existing methods.
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David Page, Andreas Koschan, Sophie Voisin, Ngozi Ali and Mongi Abidi
Investigate the use of two imaging‐based methods – coded pattern projection and laser‐based triangulation – to generate 3D models as input to a rapid prototyping pipeline.
Abstract
Purpose
Investigate the use of two imaging‐based methods – coded pattern projection and laser‐based triangulation – to generate 3D models as input to a rapid prototyping pipeline.
Design/methodology/approach
Discusses structured lighting technologies as suitable imaging‐based methods. Two approaches, coded‐pattern projection and laser‐based triangulation, are specifically identified and discussed in detail. Two commercial systems are used to generate experimental results. These systems include the Genex Technologies 3D FaceCam and the Integrated Vision Products Ranger System.
Findings
Presents 3D reconstructions of objects from each of the commercial systems.
Research limitations/implications
Provides background in imaging‐based methods for 3D data collection and model generation. A practical limitation is that imaging‐based systems do not currently meet accuracy requirements, but continued improvements in imaging systems will minimize this limitation.
Practical implications
Imaging‐based approaches to 3D model generation offer potential to increase scanning time and reduce scanning complexity.
Originality/value
Introduces imaging‐based concepts to the rapid prototyping pipeline.
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ESL Warren Mitch has been selected by Electro‐Science Laboratories as Mideastern Regional Sales Manager. Mr Mitch joins ESL with 17 years electronics experience in R&D, process…
Abstract
ESL Warren Mitch has been selected by Electro‐Science Laboratories as Mideastern Regional Sales Manager. Mr Mitch joins ESL with 17 years electronics experience in R&D, process engineering and manufacturing of thick film circuits. He is the past president of the Keystone Chapter of ISHM and currently holds an ISHM national position as the Coordinator of the I/SMT Division. His region serves Western Pennsylvania, Ohio, and Michigan.