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This chapter investigates diverse policy experiences of smart village strategy in Korea. The Korean approach has been highly influenced by the European Union (EU) experience emphasizing the importance of a bottom-up territorial development. The Korean government acknowledges agriculture is not the only driver of rural jobs and wealth creation. Rather it understands that diversified non-farm activities in rural areas are essential to revitalize the rural economy. The major policies relevant to the development of rural smart village are first, establishing regional innovation system fitted for depressed regions, second, inducing agriculture to become value-added industries, third, diversifying rural economic activities and integrating industrial support, fourth, improving the welfare of rural residents by improving settlement conditions, and finally, encouraging rural–urban interaction. Since the campaign of smart rural village as a rural development strategy is closely related with the discussion of rural tourism in Korea, this study investigates past and recent streams of rural tourism strategies pursued by the central government in Korea. Along with introducing the historical development strategy in Korea, this study presents the current and possible future characteristics of rural development strategies in Korea. This study investigates the perceived role of tourism as well as recent streams of rural development policies such as 6th industrialization and smart farming in the rural development strategies. Presenting success and failure stories, this study also considers why development of rural tourism has been slow in rural areas in Korea, reviewing restraints, reservations, and problems identified during the last few decades in Korea.

Smart village may be a new, and for that matter a rather fancy, concept, yet the thrust of problems and challenges that it speaks to is by no means trivial or new. Hence the imperative inherent in the smart village concept and debate is to diagnose the status quo, propose viable ways of addressing problems and challenges, build consensus about the need to take action, and to actually follow the suit at micro-, mezzo-, and macro-levels. The concept of smart village made its inroad into the policymaking and academic debates nearly simultaneously, thus suggesting that a window of opportunity exists to undertake concerted action in view of revitalizing rural areas, and so villages, across the European Union. This chapter offers an insight into the conceptual and empirical caveats and opportunities the concept and, indeed, approach termed ‘smart villages’ brings about. To this end, the genealogy and the relevance of the concept and the approach are discussed. Against this background, the content of the entire volume is elaborated. A few final remarks follow.

This study aims to investigate when integrative tactics are more effective in generating higher joint outcomes in an integrative negotiation. The authors test whether, first, the moral identity of the negotiators and, second, the concurrent use of distributive tactics increase the effectiveness of integrative tactics on joint outcomes.

Two weeks prior to the experiment, moral identity was measured using SIMI. Participants were classified into three groups: high, medium, and low SIMI. Two participants from the same group played a modified version of the Towers Market negotiation exercise. Distributive and integrative tactics were measured.

Results show that negotiators with high moral identity achieve higher joint outcomes in an integrative negotiation by using integrative tactics more effectively. In addition, the positive effects of integrative tactics on joint outcomes increase as the two negotiators employ distributive tactics along with integrative tactics rather than integrative tactics alone.

Results support the firm‐flexibility rule and dual‐concern model of negotiation. In addition, the results of this study are consistent with the argument of the differentiation‐before‐integration principle.

Contradictory to the assumption that negotiators should not use distributive tactics to increase joint outcome, negotiators can increase joint outcome when they use distributive tactics along with integrative tactics. In addition, this study shows that negotiators with high morality do a better job in an integrative negotiation not because they adopt integrative tactics more frequently, but because they use them more effectively, especially when coupled with negotiators with a similar level of morality.

The purpose of this paper is to understand the corporate sustainability culture of contracting firms, particularly in the Midwest. Many of the local firms operate nationally. The local corporate culture influences their regional offices. Other than convenience, the firms are selected from Midwest since their headquarters are situated in Midwest region and comprises of more number of employees than their other regional offices. This helped the research to approach more contractors for better survey and interview responses. The paper documents the study on existing management and construction practices these contractors adopt on sustainability and examines how their sustainability efforts influence the firms’ performances.

This research utilized surveys and interviews as the primary means of data collection. The data were collected from survey and interviews with selected companies operating in the Midwest region of the USA. One of the companies also operates offices across the country. Data from the interviews and surveys were analyzed using statistical analysis system software application. χ² analysis, particularly the frequency procedures using the Cochran-Mantel-Haenszel (CMH) method was the primary analysis method used to study the relationships between different factors. The CMH method compares the association between and within two groups and permits adjustments of the control variables.

The findings of this paper include the results from various Midwest commercial building contractors. The results on different aspects of sustainable practices and their success rates among the contractors are determined and discussed, and future scope of improvements are mentioned at the conclusion of this paper.

In summary, sustainable business practices are beneficial to society and favorable for the construction business. Embracing sustainable business practices has a positive impact on firm strategic performance for commercial building contractors through employee satisfaction, project opportunities, and market advantage. Sustainable business practices extend into the lives of individuals involved which exceedingly impacts society. The construction industry has advanced sustainability efforts, but there is a long way to go on the journey to being better stewards of the environment and resources.

A rival theory became apparent during the investigation that a new building consolidating all local company employees could have an impact on firm strategic performance. Third, this paper is confounded by a great recession that made project opportunities and revenue considerations analysis problematic. Some information regarding these aspects were helpful; however, expanding this paper during a more stable and typical economic period could provide additional insight.

The purpose of this study was to explore the relationship between environmental factors and building energy consumption of three Leadership in Energy and Environmental Design (LEED)-certified buildings at the Arizona State University, by establishing the relationships of the outside atmospheric temperature and the energy consumed in the building using real-time data generated from different sources.

K-means clustering analysis is used to calibrate and eliminate unwanted influences or factors from a set of building consumption real-time data. For further statistical analysis, the chi-square is used to verify if the results are ample to prove the findings.

Few studies have addressed building energy consumption real-time data versus LEED Energy and Atmosphere (EA) credits with the data mining technique (k-means clustering) on most of building performance analyses. This study highlighted that the calibrating energy data are a better approach to analyze energy use in buildings and that there is a relationship between LEED credits’ (EA) Optimize Energy Performance scores and building energy efficiency. However, the energy consumption data alone do not yield useful results to establish the cause and effect relationships.

Although there are several previous research studies regarding LEED building energy performance, this research study focused on the LEED building energy performance versus LEED EA credits versus environmental factors using real-time building energy data and various statistical methods (e.g. K-means clustering and chi-square). The findings provide researchers, engineers and architects with valuable references for building energy analysis methods and supplements in LEED standards.

The purpose of this paper is to link two key disciplines in finance and science in a way which is representative of the many challenges in the development of the knowledge economy. However, the valuation of intangibles remains a contentious issue in finance.

In this paper, the financial and economic issues pertaining to the valuation of intellectual capital are evaluated and addressed.

An important aspect of raising capital is the ability to impute a fair value on the asset.

The investigative process involves evaluating and assessing the appropriateness and efficiency of current models and finds them to be inadequate in yielding the true value of intellectual capital employed in knowledge‐intensive firms.

A new methodology for valuation is indeed required, and this value driver valuation processes may produce significantly better understandings of the worth of intellectual capital in the knowledge economy.

This paper evaluates various methods that are currently used and recommends the development of a valuation process for new and evolving technologies.