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Article
Publication date: 25 April 2008

Michael C.H. Quek and Seow Eng Ong

There is currently no real estate investment trust (REIT) listed in China. As of date, only two REITs – GZI REIT of Hong Kong and CapitaRetail China Trust (CRCT) of…

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Abstract

Purpose

There is currently no real estate investment trust (REIT) listed in China. As of date, only two REITs – GZI REIT of Hong Kong and CapitaRetail China Trust (CRCT) of Singapore – have securitised Chinese property assets. The purpose of this paper is to examine the driving forces and the obstacles surrounding China REITs, and evaluate REIT securitisation as an exit strategy for Chinese properties.

Design/methodology/approach

The paper analyses the performance of the two cross‐border REITs and investigates whether REITs holding Chinese assets outperform other listed REITs.

Research limitations/implications

CRCT outperforms GZI REIT as well as some of the other Singapore REITs, while GZI REIT ranked second lowest in terms of price performance when compared to other Hong Kong REITs. The limited history of CRCT suggests that when a well‐structured REIT holding Chinese assets can perform very well. We also infer that performance is closely linked to portfolio composition and diversification, growth story and originator reputation.

Originality/value

The study shows that there is indeed a strong local demand for China REITs, and that REITs can provide an alternative source of real estate financing for Chinese developers and promote a better regulated Chinese real estate market.

Details

Journal of Property Investment & Finance, vol. 26 no. 3
Type: Research Article
ISSN: 1463-578X

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Article
Publication date: 21 January 2021

Zahed Ghaderi, Brian King and C. Michael Hall

Crisis planning and improvements to business resilience are increasingly significant aspects of hotel management. This study investigates the crisis preparation of hotel…

Abstract

Purpose

Crisis planning and improvements to business resilience are increasingly significant aspects of hotel management. This study investigates the crisis preparation of hotel managers in Malaysia and how their perceptions affect crisis planning and preparation.

Design/methodology/approach

A qualitative research method of semi-structured interviews with 24 hospitality managers in Malaysia was conducted. Data were analysed thematically using ATLAS.ti software, version 8.

Findings

The findings showed that crisis preparation among Malaysian hospitality firms is relatively neglected. Hotel crisis preparation schemes are greatly influenced by senior managers' intentions and organizational culture. Organizational resilience also has a significant role in hotel crisis planning and preparedness. Interestingly, in terms of long-term adaptation, hotels were less inclined to be “learning organizations” and managers were reluctant to change their organizational established structures, core beliefs and practice sustained resiliency in crisis preparation.

Practical implications

Understanding the crisis preparation of hospitality managers is important to develop effective strategies for different crises considering their severity and urgency. This study identified influential organizational and personal factors which affect crisis preparation of hospitality managers in Malaysia. The study further recommends a proactive mindset in crisis preparation of hotels.

Originality/value

Crisis preparation of hospitality managers had received limited attention, and this study highlights how managers consider crisis planning and preparation.

Details

Journal of Hospitality and Tourism Insights, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2514-9792

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Article
Publication date: 5 July 2019

Olorunjuwon Michael Samuel, Sibongile Magwagwa and Aretha Mazingi

The purpose of this paper is to evaluate effectiveness of the graduate development programme that was aimed at the recruitment and professional development of black…

Abstract

Purpose

The purpose of this paper is to evaluate effectiveness of the graduate development programme that was aimed at the recruitment and professional development of black engineering graduates through the workplace learning method.

Design/methodology/approach

The paper adopted qualitative research strategy using in-depth interviews with semi-structured interview guide that was developed after an extensive review of related literature. Data were analysed using thematic analysis technique.

Findings

Result of the paper indicates that the strategy provides an effective mechanism for the inclusion and professional development of black engineering graduates. Coaching and mentoring relationships were found to be an effective way for knowledge and skills transfers.

Research limitations/implications

Although this study presented valuable insights into the complexity of the graduate development programme in South Africa, the authors consider it appropriate to draw some limitations to study for in order to provide some guides on the conduct of a similar study by future researchers. It is important to state that qualitative studies inherently lack external validity that limits its generalisability to a wider context. Further, a non-probability sampling method was used in this study thus posing a threat to the scientific representativeness of the participants. At last, but very important is the emotion and tension that is usually associated with social research and discussion regarding the legacies of apartheid in South Africa. This research was not insulated from such sensitivity and social influence. To this extent, while practical efforts were made to mitigate this factor during the interviews, there is no guarantee that the respondents were completely honest, and not influenced by extraneous nuances and considerations in their responses to the questions. In view of the methodological and social limitations to this study, future researchers could consider, for example, the use of a mixed methods wherein a quantitative research component is conducted on trainees of the programme in order to validate or disprove the answers provided by the training managers which were purely from operator/organisational, rather than training participants’ perspective. The mixed method approach could also enhance the external validity or generalisability of the research outcome to a wider context. At last, the administration of structured questionnaire through the use of a web-based survey could potentially eliminate emotions, social tension and response bias since both the researcher and respondents do not engage in a face-to-face contact and personal interaction. This also effectively protects personal identity of both the researcher and respondent.

Originality/value

Not much research has been conducted in the direction of the graduate development programme as an effective strategy for the career advancement, inclusion and affirmation of black engineers within the engineering landscape of South Africa. Corporate and professional skills development managers could integrate the outcome of this paper into a policy framework that shapes corporate social investment, diversity and inclusion management at the workplaces.

Details

Higher Education, Skills and Work-Based Learning, vol. 10 no. 1
Type: Research Article
ISSN: 2042-3896

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Article
Publication date: 12 October 2012

Sebastian van Delden, Michael Umrysh, Carlos Rosario and Gregory Hess

The purpose of this paper is to design an interactive industrial robotic system which can be used to assist a “layperson” in re‐casting a generic pick‐and‐place…

Abstract

Purpose

The purpose of this paper is to design an interactive industrial robotic system which can be used to assist a “layperson” in re‐casting a generic pick‐and‐place application. A user can program a pick‐and‐place application simply by pointing to objects in the work area and speaking simple and intuitive natural language commands.

Design/methodology/approach

The system was implemented in C# using the EMGU wrapper classes for OpenCV as well as the MS Speech Recognition API. The target language to be recognized was modelled using traditional augmented transition networks which were implemented as XML Grammars. The authors developed an original finger‐pointing algorithm using a unique combination of standard morphological and image processing techniques. Recognized voice commands trigger the vision component to capture what a user is pointing at. If the specified action requires robot movement, the required information is sent to the robot control component of the system, which then transmits the commands to the robot controller for execution.

Findings

The voice portion of the system was tested on the factory floor in a “typical” manufacturing environment, which was right at the maximum allowable average decibel level specified by OSHA. The findings show that a modern/standard MS Speech API voice recognition system can achieve a 100 per cent accuracy of simple commands; although at the noisy levels of 89 decibels on average, every one out of six commands had to be repeated. The vision component was test of 72 test subjects who had no prior knowledge of this work. The system accurately recognized what the test subjects were pointing at 95 per cent of the time within five seconds of hand readjusting.

Research limitations/implications

The vision component suffers from the “typical” problems: very shiny surfaces can cause problems; very poor contrast between the pointing hand and the background; and occlusions. Currently the system can only handle a limited amount of depth recovery using a spring mounted gripper. A second camera (future work) needs to be incorporated in order to handle large depth variations in the work area.

Practical implications

This system could have a huge impact on how factory floor workers interact with robotic equipment.

Originality/value

The testing of the voice system on a factory floor, although simple, is very important. It proves the viability of this component of the system and debunks arguments that factories are simply too noisy for current voice technology. The unique finger‐pointing algorithm developed by the authors is also an important contribution to the field. In particular, the manner in which the pointing vector was constructed. Furthermore, very few papers report results of non‐experts using their pointing algorithms. The paper reports concrete results that show the system is intuitive and user friendly to “laypersons”.

Details

Industrial Robot: An International Journal, vol. 39 no. 6
Type: Research Article
ISSN: 0143-991X

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Article
Publication date: 4 April 2019

Niall MacKenzie and Martin Joseph Gannon

The authors use two historical case studies (UK and Costa Rica) to explore the antecedents and legitimisation of sustainable development in hospitality and tourism…

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Abstract

Purpose

The authors use two historical case studies (UK and Costa Rica) to explore the antecedents and legitimisation of sustainable development in hospitality and tourism, demonstrating the value of historical analysis through careful consideration of motivations, context and development type under different circumstances.

Design/methodology/approach

Using government and private archival materials, oral history testimonies, industry reports and secondary literature, the authors deploy careful historical analysis of developing and developed country approaches to two cases of hospitality and tourism development and how this impacts on notions of sustainability.

Findings

Issues surrounding sustainability in hospitality and tourism are longstanding and impacted by their situated context. In considering “bottom-up” and “top-down” approaches, this study finds that the private-sector is critical in legitimising tourism and hospitality development through addressing sustainability aims.

Research limitations/implications

Issues faced in developing hospitality and tourism markets should not be taken in isolation, and, by drawing upon historical cases, scholars can better-understand how developed tourism markets shape the sustainability of developing contexts.

Practical implications

This study demonstrates how sustainability can be legitimised over time and in different contexts, in both government-led and business-led approaches, providing lessons for understanding the mechanisms by which to address these issues in future.

Originality/value

Historical analyses in hospitality and tourism remain relatively few. This study illustrates the theoretical and practical value of historical analysis of the pathway to legitimacy for sustainable tourism development.

Details

International Journal of Contemporary Hospitality Management, vol. 31 no. 6
Type: Research Article
ISSN: 0959-6119

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Article
Publication date: 12 October 2012

Low Sui Pheng, Deng Xiaopeng and Quek Li Ting

The ancient principles of Chinese geomancy appear to share the same goal as total building performance (TBP) in delivering an optimal environment for occupants that…

Abstract

Purpose

The ancient principles of Chinese geomancy appear to share the same goal as total building performance (TBP) in delivering an optimal environment for occupants that promotes their well‐being. This research aims to evaluate the relevance and applicability of Chinese geomancy principles and scenarios with respect to the six TBP mandates.

Design/methodology/approach

The Chinese geomancy concepts vary from considerations relating to openings and colours to surrounding amenities and building height. The assimilated principles and scenarios in both domains are tested through a survey questionnaire of 32 building professionals in Singapore.

Findings

The t‐test statistics indicate that 25 of the 26 Chinese geomancy principles and 12 of the 20 Chinese geomancy scenarios are significantly applicable for the TBP mandates at the 95 per cent confidence interval. This supports the hypothesis that there are common denominators between Chinese geomancy and TBP.

Practical implications

The research examines Chinese geomancy's Form Theory, Yin and Yang Theory, the Classical Compass School and the Black Sect School with respect to the six building performance mandates in terms of the psychological, physiological, sociological and economic aspects. Chinese geomancy principles and scenarios are assimilated in the context of the TBP mandates with the support of evidence from existing literature.

Originality/value

This research provides a back to the basics, macro perspective of the relevance and applicability of Chinese geomancy principles and scenarios with respect to TBP and reveals possible limitations in actual application. However, it also observes that specific scenarios of Chinese geomancy concerning openings, key occupancy locations, building height, trees and roads are not applicable for all contexts. Further research should be carried out to identify the reasons for the inapplicability of certain scenarios, which are caused by different climatic and cultural context of applications, failure to account for technological advancement, and the evolution of Chinese geomancy since time immemorial.

Details

Facilities, vol. 30 no. 13/14
Type: Research Article
ISSN: 0263-2772

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Article
Publication date: 6 February 2017

Balkrishna Eknath Narkhede

The purpose of this paper is to assess the implications of organizational knowledge, source of information and functional orientation, resource-based view of the…

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1214

Abstract

Purpose

The purpose of this paper is to assess the implications of organizational knowledge, source of information and functional orientation, resource-based view of the manufacturing and global orientation, on manufacturing practices which include advanced manufacturing strategies.

Design/methodology/approach

An empirical study approach has been used to assess the implications of advanced manufacturing strategies on firm performance.

Findings

This paper provides a framework for managers to: assess competitive priorities of the industry; identify order winners for the industry; identify key decision areas or practices for improvements; and to assess the role of implications of organizational knowledge on the manufacturing practices.

Research limitations/implications

The limitations are as follows: the issue of organizational knowledge and learning is assessed from manufacturing view point only; plants located all over India are considered for study; and considers plants employing different manufacturing systems and products.

Practical implications

Saturated with the conventional manufacturing technologies, a growing number of small- and medium-scale industries began to explore advanced manufacturing technologies (AMTs). Investment in AMTs remains a promising but potentially risky venture. This paper helps the small- and medium-scale industries to adopt viable AMTs and business performance strategies and then provides guidelines for enhancing their competitiveness.

Social implications

This paper may help all the stakeholders of small- and medium-scale industry.

Originality/value

This paper is based on one of the few studies conducted to assess the implications of advanced manufacturing strategies on firm performance in Indian scenario.

Details

Benchmarking: An International Journal, vol. 24 no. 1
Type: Research Article
ISSN: 1463-5771

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Article
Publication date: 10 August 2020

Tonglin Chelsea Liang and Elena Suen Fei Wong

This paper aims to explore how adaptive re-use (AR) could be used more frequently and extensively in the hospitality industry as a viable strategy to help achieve the…

Abstract

Purpose

This paper aims to explore how adaptive re-use (AR) could be used more frequently and extensively in the hospitality industry as a viable strategy to help achieve the United Nations sustainable development goals (UN SDGs) agenda for 2030. In particular, the paper discusses the benefits and drawbacks of AR and further investigates the appeal of AR over rebuilding, in both a general sense and specific to hospitality settings.

Design/methodology/approach

The study provides a literature review and thematic analysis based on semi-structured interviews about AR projects and its application in hospitality settings. In so doing, the article draws on knowledge and insights from experts and practitioners involved in AR projects globally. The professional interviewees’ expertize ranges from urban planning, sustainable development, architecture to sustainable hospitality solutions.

Findings

The results illustrate how AR is a mindset not only applicable to specific buildings or environments but also how it is a vital solution to sustainable development in hospitality. The social, environmental and economic benefits of AR outweigh the challenges and extend to being of regional and even national importance.

Practical implications

AR projects have the ability to stimulate improvement in the use of space and to transform entire communities – especially if there is more and improved support from local government and the relevant authorities. With sufficient incentives to make the projects economically viable, the outcome would be increased presence of cultural and historic preservation, more conservation of construction materials, energy and other resources relevant to the demolition and construction process. The application of AR contributes to attaining UN SDGs’ targets and the future will see more culturally rich, inclusive, sustainable cities and architecture.

Originality/value

There seems to be a lack of research in the field of AR in the hospitality context, particularly in relation to achieving the UN SDGs 2030. This paper aims to bridge this gap in knowledge, as well as to provide a starting point for a greater vision and coordination between governments, architects, hospitality professionals and all other involved stakeholders to boost sustainable development through AR.

Details

Worldwide Hospitality and Tourism Themes, vol. 12 no. 5
Type: Research Article
ISSN: 1755-4217

Keywords

Content available
Article
Publication date: 7 October 2021

Jianran Liu and Wen Ji

In recent years, with the increase in computing power, artificial intelligence can gradually be regarded as intelligent agents and interact with humans, this interactive…

Abstract

Purpose

In recent years, with the increase in computing power, artificial intelligence can gradually be regarded as intelligent agents and interact with humans, this interactive network has become increasingly complex. Therefore, it is necessary to model and analyze this complex interactive network. This paper aims to model and demonstrate the evolution of crowd intelligence using visual complex networks.

Design/methodology/approach

This paper uses the complex network to model and observe the collaborative evolution behavior and self-organizing system of crowd intelligence.

Findings

The authors use the complex network to construct the cooperative behavior and self-organizing system in crowd intelligence. Determine the evolution mode of the node by constructing the interactive relationship between nodes and observe the global evolution state through the force layout.

Practical implications

The simulation results show that the state evolution map can effectively simulate the distribution, interaction and evolution of crowd intelligence through force layout and the intelligent agents’ link mode the authors proposed.

Originality/value

Based on the complex network, this paper constructs the interactive behavior and organization system in crowd intelligence and visualizes the evolution process.

Details

International Journal of Crowd Science, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2398-7294

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Article
Publication date: 1 November 1999

Chee‐Chuong Sum and Chew‐Been Teo

As organizations globalize to reach new markets and achieve higher production and sourcing efficiencies, logistics will play an increasingly important role in moving…

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2990

Abstract

As organizations globalize to reach new markets and achieve higher production and sourcing efficiencies, logistics will play an increasingly important role in moving materials and products throughout the organizations’ supply chains. For many companies, third party logistics providers (or logistics providers) represent a viable and effective alternative to fulfilling their own logistics requirements. Amidst growing competition, the logistics providers must strategize to determine how they want to position their logistics services in terms of cost, quality, features, and value‐added to their customers. This research represents the first study that examines the different strategic postures of logistics providers using Porter’s competitive framework and analyzes the business performance, technologies, operations objectives, and future plans of each strategic type. The differences among the strategic types generate new managerial insights and implications for logistics managers and executives.

Details

International Journal of Physical Distribution & Logistics Management, vol. 29 no. 9
Type: Research Article
ISSN: 0960-0035

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