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Nina Detzen, Frank H.M. Verbeeten, Nils Gamm and Klaus Möller
The purpose of this paper is to investigate the effects of two formal controls, namely target rigidity and process autonomy, on team adaptability and project success in new…
Abstract
Purpose
The purpose of this paper is to investigate the effects of two formal controls, namely target rigidity and process autonomy, on team adaptability and project success in new product development (NPD) projects. Target rigidity refers to performance goals that are non-negotiable once they have been set. Process autonomy refers to the extent to which a project team is free to choose ways to achieve its goals. Team adaptability is considered a key factor that explains the relationship between formal controls and project success.
Design/methodology/approach
Two separate models related to resource and cost measures are analysed, since different target types may influence managerial perceptions. This study uses data collected from a survey with 113 project managers as respondents.
Findings
The findings show that target rigidity and process autonomy support team adaptability. Furthermore, team adaptability mediates the impact of formal controls on project success. The effects are more pronounced for cost targets as compared to resource targets.
Practical implications
Firms can increase project success by using formal controls in such a way that they allow project managers to provide their teams with motivating guidelines (target rigidity) and discretion (process autonomy) to adapt to new circumstances.
Originality/value
This study reveals the impact of formal controls on NPD project success through team adaptability. A balanced use of target rigidity and process autonomy may help improving NPD project success.
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Nils Teschner and Herbert Paul
The purpose of this research is to study the impact of divestitures on shareholder wealth. This study covers selloffs of publicly traded companies in Germany, Austria and…
Abstract
Purpose
The purpose of this research is to study the impact of divestitures on shareholder wealth. This study covers selloffs of publicly traded companies in Germany, Austria and Switzerland (DACH region) during the period 2002–2018. It aims to understand the overall effect of selloffs on shareholder wealth as well as the impact of important influencing factors.
Design/methodology/approach
This study is part of capital market studies which investigate shareholder wealth effects (abnormal returns) using event study methodology. To determine the significance of abnormal returns, a standardized cross-sectional test as suggested by Boehmer et al. (1991) was applied. The sample consists of 393 selloffs of publicly traded companies with a deal value of at least EUR 10m.
Findings
The findings confirm the overall positive impact of selloffs on shareholder wealth. The average abnormal return on the announcement day of the sample companies amounts to 1.33%. The type of buyer, the relative size of the transaction as well as the financial situation of the seller in particular seem to influence abnormal returns positively.
Originality/value
This study investigates shareholder wealth creation through selloffs in the DACH region, a largely neglected region in divestiture research, but now very relevant due to increasing pressure of active foreign investors. Sophisticated statistical methods were used to generate robust findings, which are in line with the results of similar studies for the US and the UK.
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Rocio Rodriguez, Mornay Roberts-Lombard, Nils M. Høgevold and Göran Svensson
This study aims to propose a conceptual framework based on organisational and environmental indicators of business-to-business sellers’ sales performance in services firms.
Abstract
Purpose
This study aims to propose a conceptual framework based on organisational and environmental indicators of business-to-business sellers’ sales performance in services firms.
Design/methodology/approach
A descriptive research design was applied and data was gathered from 389 respondents across industries and different-sized services firms in Norway using a self-administered questionnaire.
Findings
Results show that the proposed six-dimensional framework of organisational and environmental indicators can be applied to manage seller–customer relationships in a business-to-business environment.
Research limitations/implications
A six-dimensional framework of organisational and environmental indicators is tested successfully in services firms.
Practical implications
Increasingly, services firms will need to work closely with business-to-business sellers to proactively adapt to market changes through a co-creation approach to build long-term seller–customer relationships.
Originality/value
To the best of the authors’ knowledge, no previous study has focused on relationship marketing in business-to-business relationships that proposes a conceptual framework based on organisational and environmental indicators of business-to-business sellers’ sales performance in services firms.
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David Sarpong, Martin Nils Amstéus and Joseph Amankwah-Amoah
George R Puno, Rena Christina C Puno and Ida V Maghuyop
The purpose of this study was to determine COVID-19 preliminary case fatality rates (CFR) across Southeast Asian (SEA) countries.
Abstract
Purpose
The purpose of this study was to determine COVID-19 preliminary case fatality rates (CFR) across Southeast Asian (SEA) countries.
Design/methodology/approach
The study accessed the data on COVID-19 accumulated cases of fatalities and infections across SEA countries from the World Health Organization (WHO) website, covering the early days of March to May 21, 2020. The approach involved the computation of the CFR using the simple linear regression model. The slope of the regression line was the estimate of the CFR at a 95% confidence interval. The study also reviewed the different approaches of the SEA countries in dealing with the pandemic.
Findings
As of May 21, 2020, Singapore, Indonesia and the Philippines were the top three SEA countries with the highest record of COVID-19 infections. Brunei had one fatality, while Cambodia, Laos, Timor-Leste and Viet Nam had nil fatalities. Indonesia and the Philippines had the highest CFR with 6.66 and 6.59%, with R2 of 97.95 and 99.43%, respectively. Singapore had the lowest CFR (0.068%) despite high infections.
Originality/value
Increased CFR in Indonesia and the Philippines suggests that COVID-19 in the two countries is rising at an alarming rate. Strict implementation of shared management approaches to control the pandemic is seen to be closely associated with the decrease of CFR.
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