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Open Access
Article
Publication date: 24 November 2020

Paul A. Phillips, Stephen Page and Joshua Sebu

This paper examines the theoretical issues and research themes of business and management impact. Our empirical setting is the UK Research Excellence Framework 2014 (REF 2014) and…

Abstract

This paper examines the theoretical issues and research themes of business and management impact. Our empirical setting is the UK Research Excellence Framework 2014 (REF 2014) and the focus is on the nature of research impact. Stakeholders, including Governments, now expect academic outputs to translate to real world benefits beyond the narrow bibliometric type metrics.

Despite decades of academic literature devoted to business and management research impact, current theories cannot explain the apparent disconnect between academic, economic and societal practice. Adopting a UK Business and Management perspective to frame our investigation, we consider the highly contested rhetorical question – What are the current themes and impacts of Business and Management research?

We propose a definition for research impact and consider its measurement. Then, using the 410 Impact Case Studies submitted to REF 2014 #x2013; Unit of Assessment 19, business and management, we examine how high impact unfolds. The implications for business and management research impact from the perspectives of economic, knowledge and responsibility impacts are considered.

Details

Emerald Open Research, vol. 1 no. 4
Type: Research Article
ISSN: 2631-3952

Keywords

Article
Publication date: 2 November 2021

Pengyun Zhao, Shoufeng Ji and Yaoting Xue

The purpose of this paper is to propose an innovative integration method based on decision-theoretic rough set and the extended VlseKriterijuska Optimizacija I Komoromisno Resenje…

Abstract

Purpose

The purpose of this paper is to propose an innovative integration method based on decision-theoretic rough set and the extended VlseKriterijuska Optimizacija I Komoromisno Resenje (VIKOR) methods to address the resilient-sustainable supplier selection and order allocation (SS/OA) problem.

Design/methodology/approach

Specifically, a two-stage approach is designed in this paper. First, the decision-theoretic rough set is employed to calculate the rough number for coping with the subjective uncertainty of data and assigning the weights for a resilient-sustainable evaluation criterion. On this basis, the supplier resilient-sustainable performance is ranked in combination with the extended VIKOR method. Second, a novel multi-objective optimization model is proposed that applies an improved genetic algorithm to select the resilient-sustainable supplier and allocate the corresponding order quantity under a multi-tier supplier network.

Findings

The results reveal that joint consideration of resilience and sustainability is essential in the SS/OA process. The method proposed in this study based on decision-theoretic rough sets and the extended VIKOR method can handle imprecise information flexibly, reduce information loss and obtain acceptable solutions for decision-makers. Numerical cases validate that this integrated approach can combine resilience and sustainability for effective and efficient SS/OA.

Practical implications

This paper provides industry managers with a new perspective on SS/OA from a resilience and sustainability perspective as a basis for best practices for industry resilience and sustainability. The proposed method helps to evaluate the resilient-sustainable performance of potential suppliers, which is applicable to solving real-world SS/OA problems and has important practical implications for the resilient-sustainable development of supply chains.

Originality/value

The two interrelated priorities of resilience and sustainability have emerged as key strategic challenges in SS/OA issues. This paper is the first study of this issue that uses the proposed integrated approach.

Article
Publication date: 15 July 2022

Hongming Gao, Hongwei Liu, Weizhen Lin and Chunfeng Chen

Purchase conversion prediction aims to improve user experience and convert visitors into real buyers to drive sales of firms; however, the total conversion rate is low, especially…

Abstract

Purpose

Purchase conversion prediction aims to improve user experience and convert visitors into real buyers to drive sales of firms; however, the total conversion rate is low, especially for e-retailers. To date, little is known about how e-retailers can scientifically detect users' intents within a purchase conversion funnel during their ongoing sessions and strategically optimize real-time marketing tactics corresponding to dynamic intent states. This study mainly aims to detect a real-time state of the conversion funnel based on graph theory, which refers to a five-class classification problem in the overt real-time choice decisions (RTCDs)—click, tag-to-wishlist, add-to-cart, remove-from-cart and purchase—during an ongoing session.

Design/methodology/approach

The authors propose a novel graph-theoretic framework to detect different states of the conversion funnel by identifying a user's unobserved mindset revealed from their navigation process graph, namely clickstream graph. First, the raw clickstream data are identified into individual sessions based on a 30-min time-out heuristic approach. Then, the authors convert each session into a sequence of temporal item-level clickstream graphs and conduct a temporal graph feature engineering according to the basic, single-, dyadic- and triadic-node and global characteristics. Furthermore, the synthetic minority oversampling technique is adopted to address with the problem of classifying imbalanced data. Finally, the authors train and test the proposed approach with several popular artificial intelligence algorithms.

Findings

The graph-theoretic approach validates that users' latent intent states within the conversion funnel can be interpreted as time-varying natures of their online graph footprints. In particular, the experimental results indicate that the graph-theoretic feature-oriented models achieve a substantial improvement of over 27% in line with the macro-average and micro-average area under the precision-recall curve, as compared to the conventional ones. In addition, the top five informative graph features for RTCDs are found to be Transitivity, Edge, Node, Degree and Reciprocity. In view of interpretability, the basic, single-, dyadic- and triadic-node and global characteristics of clickstream graphs have their specific advantages.

Practical implications

The findings suggest that the temporal graph-theoretic approach can form an efficient and powerful AI-based real-time intent detecting decision-support system. Different levels of graph features have their specific interpretability on RTCDs from the perspectives of consumer behavior and psychology, which provides a theoretical basis for the design of computer information systems and the optimization of the ongoing session intervention or recommendation in e-commerce.

Originality/value

To the best of the authors' knowledge, this is the first study to apply clickstream graphs and real-time decision choices in conversion prediction and detection. Most studies have only meditated on a binary classification problem, while this study applies a graph-theoretic approach in a five-class classification problem. In addition, this study constructs temporal item-level graphs to represent the original structure of clickstream session data based on graph theory. The time-varying characteristics of the proposed approach enhance the performance of purchase conversion detection during an ongoing session.

Details

Kybernetes, vol. 52 no. 11
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 14 June 2013

Lucy R. Ford, Anson Seers and Jill Neumann

Most micro‐oriented research has assumed that leaders operate within a formally designed, pre‐specified and stable structural hierarchy. In the emerging knowledge economy…

1749

Abstract

Purpose

Most micro‐oriented research has assumed that leaders operate within a formally designed, pre‐specified and stable structural hierarchy. In the emerging knowledge economy, however, the watchwords have become flexibility and speed. Today's business practices feature temporary task forces, project teams, joint ventures, and alliances. The authors aim to draw from the political science literature, presenting methodology for examining team leadership in context that augments and enhances the analyses that can be obtained with commonly used correlational/regression models.

Design/methodology/approach

More specifically, the authors will develop a detailed analysis of the potential applicability of the set‐theoretic approach for elucidating a configural analysis of team leadership, demonstrating that this method provides insight into the data that complements that provided by regression analysis.

Findings

The authors examine the findings from more traditional approaches to analysis, and set‐theoretic analysis, and demonstrate that set‐theoretic analysis provides additional insights into the phenomena in question.

Research limitations/implications

The possibilities for future research in the organizational leadership literature using set‐theoretic analysis are endless. The method is appropriate for theory development, theory confirmation, exploration, and more. Our current theoretical models are lacking in complexity, partly due to the limitations of existing methodology, and our advice to organizations would be significantly enriched were we able to establish that there are alternate means to the desired outcome, based on the context. Set‐theoretic methodology promises to enrich and enhance our field, particularly if we use it iteratively with the currently common methodologies, to develop richer and more contextually based theories.

Originality/value

Set‐theoretic methods may well provide an additional set of tools for better understanding leadership in the context in which it occurs.

Details

Management Research Review, vol. 36 no. 7
Type: Research Article
ISSN: 2040-8269

Keywords

Article
Publication date: 4 January 2018

Varinder Singh and Pravin M. Singru

The purpose of this paper is to propose the use of graph theoretic structural modeling for assessing the possible reduction in complexity of the work flow procedures in an…

Abstract

Purpose

The purpose of this paper is to propose the use of graph theoretic structural modeling for assessing the possible reduction in complexity of the work flow procedures in an organization due to lean initiatives. A tool to assess the impact of lean initiative on complexity of the system at an early stage of decision making is proposed.

Design/methodology/approach

First, the permanent function-based graph theoretic structural model has been applied to understand the complex structure of a manufacturing system under consideration. The model helps by systematically breaking it into different sub-graphs that identify all the cycles of interactions among the subsystems in the organization in a systematic manner. The physical interpretation of the existing quantitative methods linked to graph theoretic methodology, namely two types of coefficients of dissimilarity, has been used to evolve the new measures of organizational complexity. The new methods have been deployed for studying the impact of different lean initiatives on complexity reduction in a case industrial organization.

Findings

The usefulness and the application of new proposed measures of complexity have been demonstrated with the help of three cases of lean initiatives in an industrial organization. The new measures of complexity have been proposed as a credible tool for studying the lean initiatives and their implications.

Research limitations/implications

The paper may lead many researchers to use the proposed tool to model different cases of lean manufacturing and pave a new direction for future research in lean manufacturing.

Practical implications

The paper demonstrates the application of new tools through cases and the tool may be used by practitioners of lean philosophy or total quality management to model and investigate their decisions.

Originality/value

The proposed measures of complexity are absolutely new addition to the tool box of graph theoretic structural modeling and have a potential to be adopted by practical decision makers to steer their organizations though such decisions before the costly interruptions in manufacturing systems are tried on ground.

Details

Journal of Manufacturing Technology Management, vol. 29 no. 2
Type: Research Article
ISSN: 1741-038X

Keywords

Article
Publication date: 1 August 2002

Pawan Budhwar, Andy Crane, Annette Davies, Rick Delbridge, Tim Edwards, Mahmoud Ezzamel, Lloyd Harris, Emmanuel Ogbonna and Robyn Thomas

Wonders whether companies actually have employees best interests at heart across physical, mental and spiritual spheres. Posits that most organizations ignore their workforce …

58025

Abstract

Wonders whether companies actually have employees best interests at heart across physical, mental and spiritual spheres. Posits that most organizations ignore their workforce – not even, in many cases, describing workers as assets! Describes many studies to back up this claim in theis work based on the 2002 Employment Research Unit Annual Conference, in Cardiff, Wales.

Details

Management Research News, vol. 25 no. 8/9/10
Type: Research Article
ISSN: 0140-9174

Keywords

Article
Publication date: 1 April 2003

Georgios I. Zekos

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some…

89091

Abstract

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

Details

Managerial Law, vol. 45 no. 1/2
Type: Research Article
ISSN: 0309-0558

Keywords

Article
Publication date: 11 December 2019

Manisha Lande, Dinesh Seth and Rakesh L. Shrivastava

One of the major challenges for developing countries is the lack of mechanisms for the evaluation of critical success factors (CSFs) of quality initiatives, which hampers the…

Abstract

Purpose

One of the major challenges for developing countries is the lack of mechanisms for the evaluation of critical success factors (CSFs) of quality initiatives, which hampers the journey toward sustainability. Lean Six Sigma (LSS) has been one of the most widely used initiatives supporting quality improvement with wastes reduction and facilitating sustainability. To expedite LSS and its spread, it is important to evaluate key CSFs. Accordingly, the purpose of this paper is to provide an approach for the evaluation of LSS-CSFs for Indian small and medium enterprises (SMEs).

Design/methodology/approach

The paper uses a graph theoretic approach and demonstrates the evaluation of LSS-CSFs by proposing an index. The development of index is illustrated using a set of seven prioritized CSFs based on the literature review paper (Lande et al., 2016).

Findings

This study guides about the translation of CSFs in the form of an index (number) and will benefit both researchers and practitioners, who wish to study the role of key CSFs for implementation and audit requirements for sustainability.

Research limitations/implications

Authors remain confined only to Indian SMEs.

Originality/value

LSS possesses the potential to enhance the performance of manufacturing SMEs, but its evaluation is not easy. This attempt for offering a useful evaluation scheme involving CSFs, in the areas of LSS in developing country contexts, is the first. The approach also facilitates both quality audits and benchmarking between different sets of CSFs. The approach is generalizable and can be extended in other areas.

Details

International Journal of Quality & Reliability Management, vol. 39 no. 8
Type: Research Article
ISSN: 0265-671X

Keywords

Article
Publication date: 29 April 2013

Varinder Singh and P.M. Singru

– The purpose of this paper is to study the impact of restructuring in the manufacturing system at the conceptual stage using graph theoretic model.

1166

Abstract

Purpose

The purpose of this paper is to study the impact of restructuring in the manufacturing system at the conceptual stage using graph theoretic model.

Design/methodology/approach

Some restructuring decisions are conceptualized which reflect the aim of the organization to gradually evolve the manufacturing system towards a leaner structure. This is achieved by way of defining simplified procedures so that lesser hindrance in terms of cycles of interactions is encountered. The restructuring decisions are represented by five restructured configurations of the manufacturing system, through gradual removal of appropriate interaction links. The graph theoretic models are developed for original configuration and each of the new restructured configurations and the resulting structural characterization information is used to compare the structure of restructured configurations with the original configuration. The value of the coefficient of dissimilarity of each of the new configurations with respect to the original configuration is obtained to have a quantitative estimate of the simplification that may be achieved by different contemplated restructuring decisions.

Findings

The present work shows that the restructuring decisions can be represented by different configurations in the form of schematic diagrams involving minor changes in the interaction structure among subsystems of the manufacturing system. The quantitative analysis using coefficient of dissimilarity for restructuring decisions indicated that there are varying levels of impact created by five comparable restructuring decisions considered in the study. The findings have a potential to guide the restructuring efforts by identifying a focus area that can produce greater impact of restructuring.

Research limitations/implications

The findings are valid for a particular case manufacturing organization which does not involve itself in extensive design activity. The study is based on the assumption that the schematic diagram and graph theoretic model captured all the relevant influencing factors of the manufacturing system.

Practical implications

The study provides an easy to use methodology for the practical decision makers in manufacturing industry striving to improve the performance of their organization. It can provide the analysis of restructuring decisions at the conceptual stage itself without the necessity of disturbing the normal functioning of the organization. There is a scope for identifying focus areas where the restructuring may yield comparatively greater dividends.

Originality/value

The study of restructuring by representing it in the form of changes in interactions among subsystems of a manufacturing system and investigation of the impact of such restructuring efforts at the conceptual stage using graph theoretic model has been carried out for the first time.

Article
Publication date: 22 March 2019

Sanjay Prasad, Ravi Shankar and Sreejit Roy

The purpose of this paper is to study the impact of bargaining powers of firms in supply chain coordination. It studies selected aspects of bargaining powers, namely, impatience…

1547

Abstract

Purpose

The purpose of this paper is to study the impact of bargaining powers of firms in supply chain coordination. It studies selected aspects of bargaining powers, namely, impatience, breakdown probability and outside options, and uses a bargaining-theoretic approach to analyze surplus allocation in a coordinated supply chain.

Design/methodology/approach

This paper proposes one-supplier one-buyer infinite horizon supply chain coordination game, where suppliers and buyers negotiate for the allocation of supply chain surplus arising out of supply chain coordination. Various aspects of the bargaining power of the negotiating parties are modeled and the paper studies impact of power levels on the results of the bargaining game.

Findings

A significance of impatience on the bargaining process and the surplus split has been established. This paper also demonstrates a rather counter-intuitive aspect of bargaining that the impatience (as perceived by the other party) can improve the bargaining position and therefore share of profits.

Research limitations/implications

This paper has limited its analysis to three key components of bargaining power. Future works can study other aspects of bargaining power, namely information asymmetry, learning curve, inside options, etc. Further, the paper has considered an infinite horizon model – this assumption can be relaxed in future research.

Practical implications

Equations to derive optimal split of the surplus have been derived and can be leveraged to design an autonomous bargaining agent to discover equilibrium profit splits in a cloud or e-commerce setting. Further, insights from this paper can be leveraged by managers to understand their relative bargaining power and drive to obtain the best profit split.

Originality/value

This paper establishes that impatience (in terms of counter-offer probability) has a significant impact on the bargaining position and on the split of the surplus that the firm can get for themselves. It establishes the advantage of higher levels of impatience, provided the other party recognizes the impatience and factors it in their decision-making process.

Details

Journal of Advances in Management Research, vol. 16 no. 3
Type: Research Article
ISSN: 0972-7981

Keywords

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