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Book part
Publication date: 6 September 2021

Martin Albæk and Torben Juul Andersen

All firms operating in the global economy are exposed to a multitude of risks including financial crisis, cyberattack, social instability, governance failure, extreme weather…

Abstract

All firms operating in the global economy are exposed to a multitude of risks including financial crisis, cyberattack, social instability, governance failure, extreme weather events, etc. As a consequence, international organizations assume many (new and evolving) exposures that must be addressed, where some firms are able to adjust and thrive against these adverse odds, whereas many others fail. It appears like some (a few) firms are able to repeatedly outperform the market, where a great many of them struggle, and quite a few register negative returns every year. As a consequence, the authors typically observe leptokurtic negatively skewed distributions of financial returns with extreme negative tails of poor performing firms, where the performance data fall way beyond the requirements of a normal distribution. The authors investigate this phenomenon based on a comprehensive dataset of European firms retrieved from Compustat Global for the 25-year period 1995–2019. The analysis shows that there is indeed a consistent pattern of many underperforming firms across different industry classifications and time intervals and a few outperformers. This provides evidence of a regularly observed phenomenon that often is overlooked in mainstream management studies. The results have implications for academic research that often relies on assumptions of data normality in statistical analysis and for corporate management that has to deal with a risk-prone business environment.

Details

Strategic Responses for a Sustainable Future: New Research in International Management
Type: Book
ISBN: 978-1-80071-929-3

Keywords

Article
Publication date: 1 August 2006

W.P. Neumann, J. Winkel, L. Medbo, R. Magneberg and S.E. Mathiassen

The purpose of this paper is to investigate a strategic change from parallel cell‐based assembly (old) to serial‐line assembly (new) in a Swedish company with special reference to…

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Abstract

Purpose

The purpose of this paper is to investigate a strategic change from parallel cell‐based assembly (old) to serial‐line assembly (new) in a Swedish company with special reference to how production system design elements affect both productivity and ergonomics.

Design/methodology/approach

Multiple methods, including records and video analysis, questionnaires, interviews, biomechanical modelling, and flow simulation were applied.

Findings

The new system, unlike the old, showed the emergence of system and balance losses as well as vulnerability to disturbances and difficulty handling all product variants. Nevertheless, the new system as realised partially overcame productivity barriers in the operation and management of the old system. The new system had impaired ergonomics due to decreased physical variation and increased repetitiveness with cycle times that were 6 per cent of previous thus increasing repetitiveness, and significantly reducing perceived influence over work. Workstations' uneven exposure to physical tasks such as nut running created a potential problem for workload management. The adoption of teamwork in the new system contributed to significantly increased co‐worker support – an ergonomic benefit.

Practical implications

Design decisions made early in the development process affect both ergonomics and productivity in the resulting system. While the time pattern of physical loading appeared to be controlled by flow and work organisation elements, the amplitude of loading was determined more by workstation layout. Psychosocial conditions appear to be affected by a combination of system elements including layout, flow, and work organisation elements. Strategic use of parallelisation elements in assembly, perhaps in hybrid forms from configurations observed here, appears to be a viable design option for improved performance by reducing the fragility and ergonomic problems of assembly lines.

Originality/value

The interacting design elements examined here pose potential “levers” of control by which productivity and ergonomics could be jointly optimised for improved total system performance.

Details

International Journal of Operations & Production Management, vol. 26 no. 8
Type: Research Article
ISSN: 0144-3577

Keywords

Book part
Publication date: 29 September 2023

Torben Juul Andersen

This chapter outlines how the comprehensive North American and European datasets were collected and explains the ensuing data cleaning process outlining three alternative methods…

Abstract

This chapter outlines how the comprehensive North American and European datasets were collected and explains the ensuing data cleaning process outlining three alternative methods applied to deal with missing values, the complete case, the multiple imputation (MI), and the K-nearest neighbor (KNN) methods. The complete case method is the conventional approach adopted in many mainstream management studies. We further discuss the implied assumption underlying use of this technique, which is rarely assessed, or tested in practice and explain the alternative imputation approaches in detail. Use of North American data is the norm but we also collected a European dataset, which is rarely done to enable subsequent comparative analysis between these geographical regions. We introduce the structure of firms organized within different industry classification schemes for use in the ensuing comparative analyses and provide base information on missing values in the original and cleaned datasets. The calculated performance indicators derived from the sampled data are defined and presented. We show how the three alternative approaches considered to deal with missing values have significantly different effects on the calculated performance measures in terms of extreme estimate ranges and mean performance values.

Details

A Study of Risky Business Outcomes: Adapting to Strategic Disruption
Type: Book
ISBN: 978-1-83797-074-2

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Article
Publication date: 1 March 2000

Cecelia M. Brown and Teri J. Murphy

Research in undergraduate mathematics education (RUME), the study of teaching and learning of college mathematics, is a new area of research in mathematics. Information to support…

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Abstract

Research in undergraduate mathematics education (RUME), the study of teaching and learning of college mathematics, is a new area of research in mathematics. Information to support this discipline is found in publications from all over the world, in the form of monographs, reports, research guidelines and resource manuals, as well as journal articles. Researchers in RUME require access to materials that are specific not only to their field, but also to the broader literature of mathematics, education, learning theories, instructional strategies, alternative assessment techniques, cognitive development and human behavior. This annotated bibliography is designed to be a template for a comprehensive and up‐to‐date collection of RUME resources. World Wide Web (Web) locations for many of the items are provided, as are descriptions of several Web sites that present information of interest to RUME researchers.

Details

Reference Services Review, vol. 28 no. 1
Type: Research Article
ISSN: 0090-7324

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Article
Publication date: 10 February 2023

Xueling Li and Ting Yu

This paper aims to examine the effects of two types of improvisational strategic orientation on new venture performance: defensive improvisation and creative improvisation…

Abstract

Purpose

This paper aims to examine the effects of two types of improvisational strategic orientation on new venture performance: defensive improvisation and creative improvisation. Moreover, this study investigates the role of entrepreneurial bricolage in mediating the transition from various types of improvisational strategic orientation to new venture performance.

Design/methodology/approach

This study is designed as quantitative research, employing a structural equation model and bootstrap analysis to empirically test the survey data of 249 new ventures gathered to investigate the true relationship between variables in this paper.

Findings

The findings of this study show that (1) both defensive and creative improvisation positively affect the performance of new ventures, with defensive improvisation having a stronger positive effect; (2) both internal and external bricolage positively affect new venture performance, and play varying degrees of intermediary roles in the influence that defensive and creative improvisation has on the performance of start-ups.

Research limitations/implications

The following limitations apply to this study: First, this paper collects data using a cross-sectional research design, which cannot reveal dynamic changes in the research variables. Second, this study only opens the “black box” of the role of improvisational strategic orientation on new venture performance from the perspective of entrepreneurial bricolage, and the research conclusion may be biased. Finally, the external factors' contingency effect on the relationship between variables is ignored.

Originality/value

This study develops a theoretical research model of improvisational strategic orientation, entrepreneurial bricolage and new venture performance, and provides a thorough examination of the internal mechanisms of various types of improvisational strategic orientation on new venture performance. The research findings not only contribute to the advancement of research on improvisational strategic orientation in the context of entrepreneurship but also assist entrepreneurs in developing a correct understanding of improvisational strategic orientation.

Details

Management Decision, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 17 December 2021

Edgar Alva, Vanina Vivas and María Urcia

The crisis generated by the COVID-19 pandemic has had unprecedented effects around the world and particularly on vulnerable populations, such as female entrepreneurs in developing…

Abstract

Purpose

The crisis generated by the COVID-19 pandemic has had unprecedented effects around the world and particularly on vulnerable populations, such as female entrepreneurs in developing countries. They are facing a new normal, characterized by high uncertainty and resource constraints. This paper aims to use the experiential learning theory applied to entrepreneurship to propose the entrepreneurial bricolage approach to study how female entrepreneurs can overcome this type of crisis.

Design/methodology/approach

Within the research designs of conceptual papers, the study is situated within the model approach because the authors propose novel relationships between constructs to answer the research questions through the development of theoretical propositions.

Findings

The analysis suggests that the entrepreneurial bricolage process represents a type of strategy that allows these women to adapt to this new normal. Based on this approach, the authors suggest that crowdfunding represents a financial resource at hand for both pre-existing female entrepreneurs and new female entrepreneurs.

Practical implications

The theoretical implications suggest an alternative conceptual framework of the entrepreneurial bricolage process to analyse the female entrepreneurial activity in developing countries and during crisis’ contexts. The managerial implications suggest that crowdfunding is a financial resource at hand for female entrepreneurs that allow them to perform well, innovate or implement growth strategies and have more chances of surviving and growing during the crisis. Finally, the policy implications are oriented to the promotion of this kind of financial alternative and the generation of trust for users, along with the strengthening of a regulatory framework to attract more investors and entrepreneurs.

Originality/value

This study provides useful information on how the crisis generated by the COVID-19 pandemic has been affecting female entrepreneurs in developing countries. It also expands on the literature on crowdfunding in terms of its advantages as a non-traditional funding source for women.

Details

Journal of Entrepreneurship in Emerging Economies, vol. 15 no. 4
Type: Research Article
ISSN: 2053-4604

Keywords

Article
Publication date: 7 June 2018

Paola Isabel Rodríguez Gutiérrez, María del Pilar Pastor Pérez and Patricia Esther Alonso Galicia

The purpose of this paper is to describe the elements and relationships that explain the entrepreneurial intent in university students, evaluating possible gender and degree…

Abstract

Purpose

The purpose of this paper is to describe the elements and relationships that explain the entrepreneurial intent in university students, evaluating possible gender and degree differences.

Design/methodology/approach

The study is of quantitative approach, survey research design and cross-sectional method. The instrument used was a self-administered questionnaire answered by undergraduate university students enrolled in a public university. The sampling was stratified random, with a representative sample size of 734 cases. For data analysis and hypothesis testing, a confirmatory factor analysis and structural equation model were made.

Findings

The results show that the entrepreneurial self-efficacy attribute largely explains the entrepreneurial intent, while all other variables, such as entrepreneurial identity aspirations and outcome expectations, play a less important role but maintain some influence.

Research limitations/implications

According to the findings of this research, institutions of higher education should direct efforts to improve the entrepreneurial skills of students, especially for women. And the creation of an institutional entrepreneurial culture should also be emphasized so that the university students are able to build an entrepreneurial identity.

Originality/value

The value of the research is the proposed integrative model that explains how to trigger entrepreneurial intent, shows the prominent role of entrepreneurial self-efficacy as a predictor variable of entrepreneurial intent and the role of entrepreneur identity aspirations and entrepreneurial self-efficacy as mediating variables. Additionally, this research identifies differences in the model of entrepreneurial intent derived from the variables of gender and degrees.

Details

Journal of Science and Technology Policy Management, vol. 10 no. 4
Type: Research Article
ISSN: 2053-4620

Keywords

Article
Publication date: 29 January 2019

Justice Kwabena Kodom-Wiredu

The demanding nature of firefighting exposes firefighters to unprecedented work stress and work-related musculoskeletal disorders (WMSDs). Even though relationships among work…

Abstract

Purpose

The demanding nature of firefighting exposes firefighters to unprecedented work stress and work-related musculoskeletal disorders (WMSDs). Even though relationships among work demand, work stress and WMSDs have been examined, the mediating role of work stress in the relationship between work demand and WMSDs requires more attention, particularly among emergency workers. The purpose of this paper is to therefore assess the mediation role of firefighters’ work stress in the pathway of work demand and WMSDs.

Design/methodology/approach

A quantitative research design was used. Convenient sampling was employed to select 320 firefighters from the Greater Accra region of Ghana. Data were analyzed using descriptive, correlation and regression.

Findings

The findings revealed that work demand and stress significantly affect WMSDs. Also, work demand has a significant positive effect on work stress. It was further found that work stress partially mediates the relationship between work demand and WMSDs.

Research limitations/implications

The usage of cross-sectional data limits the strength of causality and observation of changes within units of observation over time, hence the need to use longitudinal data in future studies.

Originality/value

The novelty of this study lies in the revelation of the influence of stress in the pathway of work demand and WMSDs among emergency professionals, using an African lens.

Details

International Journal of Workplace Health Management, vol. 12 no. 2
Type: Research Article
ISSN: 1753-8351

Keywords

Book part
Publication date: 17 September 2014

Felipe Meyer Cohen and David Tappin

This chapter explores the sustainability of the workforce in the Chilean logging sector, the factors that affect the sustainability of this critical element for the Chilean…

Abstract

Purpose

This chapter explores the sustainability of the workforce in the Chilean logging sector, the factors that affect the sustainability of this critical element for the Chilean forestry sector and explores the reasons for each factor.

Methodology

To achieve the aim of this research, an ergonomics approach was used, specifically an ergonomics questionnaire, to identify elements in the work system that affect forestry workers.

Findings

The initial results show that elements in the Chilean forestry sector that affect the sustainability of the workforce, both in terms of occupational health (OH) problems and lack of interest in working in this sector, include organizational factors, physical elements of the environment, economic issues, and physical aspects of the work. The study also showed workers in this sector have a low perception of the benefits of working in the sector, because they recognize the sector has a high degree of risk in terms of safety and health aspects.

Practical implications

It is expected that the result of this research will help to refocus policies towards solving OH problems and, at the same time, potentially improve the market attractions of working in this sector.

Details

Corporate Social Responsibility and Sustainability: Emerging Trends in Developing Economies
Type: Book
ISBN: 978-1-78441-152-7

Keywords

Article
Publication date: 5 March 2014

Carla Smith Stover and Thomas J. McMahon

Because the concurrent nature of chronic drug abuse (DA) and intimate partner violence (IPV) is frequently ignored in research examining the correlates of the two conditions, the…

Abstract

Purpose

Because the concurrent nature of chronic drug abuse (DA) and intimate partner violence (IPV) is frequently ignored in research examining the correlates of the two conditions, the purpose of this paper is designed to document differences in parenting behavior associated with a history of DA vs a history of IPV in fathers.

Design/methodology/approach

An ethnically diverse sample of 91 opioid-dependent fathers receiving methadone maintenance treatment and a demographically similar group of 111 fathers living in the same community with no history of alcohol or DA since the birth of their first child were interviewed using a set of standard research measures.

Findings

Multivariate analysis of covariance revealed that, after allowance for demographic covariates, a history of either minor or severe IPV, but not a history of DA, was associated with a report of more negative parenting behavior. A history of minor IPV was associated primarily with a lack of warmth and affection in parenting behavior. A history of severe IPV was associated with more aggressive and more neglectful parenting behavior.

Originality/value

Within a statistical model that allowed for the extent to which DA and IPV can co-occur during the family career of men, the results of this study suggested that IPV, more so than DA, was associated with parenting behavior representing risk for abuse and neglect of children. Clinical intervention with high-risk fathers need to be grounded in a better understanding of the potential influence of DA and IPV on the parenting behavior of men at risk for child abuse and neglect.

Details

Advances in Dual Diagnosis, vol. 7 no. 1
Type: Research Article
ISSN: 1757-0972

Keywords

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