Search results
1 – 10 of 587This follows Trump taking to social media on April 21 to say that the investigations into his lawyer, Michael Cohen, were a “Witch Hunt”, a phrase he also often uses to describe…
Details
DOI: 10.1108/OXAN-DB233306
ISSN: 2633-304X
Keywords
Geographic
Topical
This chapter addresses the general process of determining the value of a particular company, with additional detail on how valuation processes might be adapted to produce credible…
Abstract
This chapter addresses the general process of determining the value of a particular company, with additional detail on how valuation processes might be adapted to produce credible value conclusions of emerging technology ventures. There are three primary approaches to business valuation. There is the income approach, which indicates that value is a product of expected future cash flows – cash flows that are discounted to equate them to dollars in-hand (present value). There is the market approach, which attempts to draw conclusions of value based on the market prices of similar companies in the public and/or private markets. Finally, there is the asset approach, which indicates that the value of a company is equal to the sum of the values of its net assets. Specific adjustments are appropriate with respect to each of these approaches where the value of an emerging technology company is concerned. Professional valuation standards require that all of these approaches be considered in the valuation, even if the available information does not permit their credible application. Often, multiple approaches and techniques can be applied. The results of applying multiple techniques often do not overlap, and it is the analyst’s very important task to reconcile differing valuation results, or to decide which result or results should be discarded.
Details
Keywords
“Tell me the price and I’ll tell you the terms,” is a common axiom among early-stage investors. Investors and seasoned entrepreneurs know that the overall company value is only…
Abstract
“Tell me the price and I’ll tell you the terms,” is a common axiom among early-stage investors. Investors and seasoned entrepreneurs know that the overall company value is only the half of the valuation story. Investors frequently insist on receiving securities beyond common stock in return for capital financing. Such securities may be convertible debt, or, frequently, preferred shares.
The classic approach to valuing preferred stock as debt frequently understates the value of preferred shares and, accordingly, overvalues the value of common stock. Aside from preferential liquidation rights and dividends, preferred stock frequently carries conversion rights, participation features, antidilution rights, and other enhancements that are designed to give more return to preferred shareholders at the expense of the common shareholders (who are frequently the founders). Preferred share investment terms are so flexible that they can be engineered to completely negate the perceived benefits of a high valuation to incumbent shareholders, and shift the return to the entering, preferred shareholders.
More sophisticated methodologies for allocating equity value among various classes of shareholders are becoming more common in the accounting and regulatory communities, resulting in more robust and credible value conclusions. Such methodologies are discussed in this chapter using specific examples. These methodologies are also expected to eventually propagate to the investment community because of the economic and financial foundations are quite sound. Although some of these techniques are, admittedly, complex, an understanding of early-stage venture valuation is incomplete without, at least, a high-level understanding of such techniques.
Details
Keywords
Daring to challenge the status quo impacts innovation. Yet, successful outcomes depend on individual risk-taking and choice to influence others to support new ideas. This…
Abstract
Daring to challenge the status quo impacts innovation. Yet, successful outcomes depend on individual risk-taking and choice to influence others to support new ideas. This Challenging the Status Quo exercise illustrates how leaders use power and influencing tactics to challenge norms by analyzing Donald Trump’s journey as the 45th U.S. President to defy experts and successfully influence followers to support his non-traditional candidacy: businessman lacking political experience becoming leader of the free world. Through integrating videoclips and polls, instructors make power visible, relevant, and thought-provoking as students apply power theory and influencing tactics perspectives to analyze (a) how leaders impact followers’ perceptions, (b) students mutual-influencing strategies, (c) power’s relationship with social identity and privilege, and (d) social impact on innovation via activism and free speech.
The purpose of this paper is to focus on selected presentations from the 29th Computers in Libraries (CIL) conference that took place at Washington Hilton hotel, Washington, DC…
Abstract
Purpose
The purpose of this paper is to focus on selected presentations from the 29th Computers in Libraries (CIL) conference that took place at Washington Hilton hotel, Washington, DC. In addition to its content, the CIL (2014) conference provided opportunities to discuss best practices and emerging issues with IT professionals, vendors and “techno” librarians, especially from North America. There was a conference within a conference – the Internet@Schools track integrated into CIL 2014 as Track E on Monday, April 7, and Tuesday, April 8.
Design/methodology/approach
Reports from the viewpoint of a first-time attendee of CIL (2014) present a summary of the selected presentations with more detail on networking events and the exhibition. The CIL (2014) conference attracted librarians from 13 countries other than the USA. It is difficult to document the entire conference happenings in a single report because of several tracks (A-E) and number of speakers; therefore, a selective approach is used.
Findings
The CIL (2014) in Washington, DC, is considered a major North American library technology conference for librarians and information managers. As a first-time attendee, the author found that CIL (2014) is informative; it covered technology applications in libraries and strategies to enhance communication – useful to librarians and information professionals both in the USA and internationally. The conference was full of innovative ideas and revealed the diversity of current developments in library service delivery, especially in North America.
Originality/value
Today, more and more library users are using various innovative technologies including mobile apps, data visualization, application programming interfaces, open-source and multimedia. Phones (smart phones) and tablets are emerging as popular choices to access content. This report is a summary of selected educational sessions/presentations in CIL (2014) on diverse technology-related topics, especially mobile technology in libraries that will be of particular interest to readers and useful for professionals who did not attend CIL (2014) in Washington, DC.
Details
Keywords
Janine Burghardt and Klaus Möller
This study examines the relationship between the use of management controls and the perception of meaningful work. Meaningful work is an important driver of individual performance…
Abstract
Purpose
This study examines the relationship between the use of management controls and the perception of meaningful work. Meaningful work is an important driver of individual performance of managers, and employees and can be enabled by sufficient use of management controls. The purpose of this paper is to address this issue.
Design/methodology/approach
Based on bibliometric analyses and a structured literature review of academic research studies from the organizational, management and accounting literature, the authors develop a conceptual model of the relationship between the use of management controls and the perception of meaningful work.
Findings
First, the authors propose that the use of formal management controls in a system (i.e. the levers of the control framework) is more powerful than using unrelated formal controls only. Second, they suggest that the interaction of a formal control system together with informal controls working as a control package can even stretch the perception of meaningful work. Third, they argue that the intensity of the control use matters to enhance the perception of meaningful work (inverted u-shaped relationship).
Originality/value
This study presents the first conceptual model of the relationship between the use of management controls and the perception of meaningful work. It provides valuable implications for practice and future research in the field of performance management.
Details
Keywords
Brian F. Blake, Steven Given, Kimberly A. Neuendorf and Michael Horvath
The purpose of this paper is threefold: first, to present a framework of five “facets,” i.e., distinct but complementary ways in which the observed appeal of a consumer shopping…
Abstract
Purpose
The purpose of this paper is threefold: first, to present a framework of five “facets,” i.e., distinct but complementary ways in which the observed appeal of a consumer shopping site’s features can potentially be generalized across product/service domains (the authors call this framework the feature appeal generalization perspective); second, to determine if and how observed feature preferences for consumer electronics, bookstores, and sites “in general” generalize across domains; third, to test hypotheses about the impact of frequency of domain usage upon feature generalizability.
Design/methodology/approach
Via an online survey administered in a controlled laboratory setting, 313 respondents evaluated 26 website features in three domains (books, electronics, general) for a total of 24,414 preference judgments.
Findings
Two facets, individual feature values and within domain evaluative dimensions, revealed minimal generalizability, while there was moderate comparability across all domains in between domain feature correspondence. Personal preference elevation could be generalized between books and general, but not between these two and electronics. Differentiating dimensions showed that preferences were not generalizable from electronics to books and general because consumers wanted electronics features to provide “flashy sizzle” and books/general features to give “comfortable safety.” As hypothesized, patterns of generalizability coincided with frequency of domain usage.
Research limitations/implications
Practitioners should not apply published studies of feature appeal to their domain of interest unless those studies directly analyzed that domain. Scientists should incorporate all five facets in modeling what attracts consumers to commercial websites.
Originality/value
This is the first multidimensional analysis of the generalizability of site feature appeal across business-to-consumer product/service domains, and the first to propose this integrated evaluative framework with its unique facets.
Details
Keywords
John F. Ehrich and Lisa C. Ehrich
In the past, leadership scholars have tended to focus on leadership as a force for good and productivity (Ashworth, 1994; Higgs, 2009; Padilla, Hogan, & Kaiser, 2007). However…
Abstract
Purpose
In the past, leadership scholars have tended to focus on leadership as a force for good and productivity (Ashworth, 1994; Higgs, 2009; Padilla, Hogan, & Kaiser, 2007). However, recently attention has been given to the ‘dark side’ of leadership (see Higgs, 2009; Judge, Piccolo, & Kosalka, 2009). The aim of this chapter is to explore dark leadership from the perspective of the narcissistic leader using a fictional character from a popular film.
Methodology/approach
Using the Diagnostic and Statistical Manual of Mental Disorders, 4th edition, 1994 (DSM-IV) (American Psychiatric Association, 2000) as an operational definition of narcissistic personality disorder we explore the psychology of the narcissistic leader through a fictional character study in a popular film.
Findings
We have created a psychological profile of a narcissistic leader which identifies specific behavioural characteristics within a toxic organizational culture.
Social implications
This study has implications for employees within any organizational culture. It is significant because it can illustrate how dark leadership can impact negatively within organizations.
Originality/value
The use of actual living persons on which to base case study material in the study of dark leadership is problematic and constrained by ethical issues. However, the use of characters in fiction, such as contemporary film and drama, represents an excellent source of case study material. Given that little empirical works exists on narcissistic leaders and leadership, the chapter adds originality and value to the field.
Details