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The fast-changing, highly competitive and technology-driven business environment forces established firms to continually search for new business opportunities and innovative ideas. In reaction, corporations such as Google, Microsoft, Cisco and Bertelsmann have launched new corporate venture capital (CVC) units or have intensified existing CVC activities. This chapter examines the structure, patterns and investment focus of telecommunication, IT, consumer electronics and media & entertainment firms’ CVC investments by conducting a data-mining project based on the Thomson Reuters Private Equity database. The data-mining project reveals the increasing importance of CVC activities as a strategic development tool to address the requirements of the increasing costs, speed and complexity of a technology-driven industry since the bursting of the Internet bubble. Therefore, following chapter is one of the first CVC studies to describe and compare CVC investments of the last CVC wave across industry sectors.

Gender, race, and class-based meanings inform longstanding divisions and status hierarchies within the culinary profession, such as those between public and private and amateur and professional cooking. Private and personal chefs’ work in homes disrupts these divisions and hierarchies. Given their precarious position, how do these chefs negotiate their standing within the profession?

This chapter draws on interviews with 41 private/personal chefs. Eight were primarily private household employees, while all others were primarily self-employed.

The chefs negotiated their status by making distinctions between themselves and commercial chefs, along with other private/personal chefs. The chefs both challenge and reinforce the dichotomies and criteria shaping status evaluations within the culinary profession. Similarly, they both contest and reinforce gender, race, and class hierarchies.

The chefs’ conceptual distinctions can potentially (re)produce or challenge material inequalities. Moreover, while the fields of private/personal cheffing create opportunities for more adults to cook for a living, the traditional status hierarchies remain largely the same. It is likely that as long as those hierarchies persist, the chefs’ conceptual distinctions will continue to challenge and reinforce them.

Research on private/personal chefs has been minimal, so this chapter fills this gap. It also adds to scholarship connecting workers’ status struggles and gender, race, and class inequalities. The case of private and personal chefs sheds new light on how gender, race, and class intersect to inform status evaluations within the culinary profession.

The management of children′s literature is a search for value and suitability. Effective policies in library and educational work are based firmly on knowledge of materials, and on the bibliographical and critical frame within which the materials appear and might best be selected. Boundaries, like those between quality and popular books, and between children′s and adult materials, present important challenges for selection, and implicit in this process are professional acumen and judgement. Yet also there are attitudes and systems of values, which can powerfully influence selection on grounds of morality and good taste. To guard against undue subjectivity, the knowledge frame should acknowledge the relevance of social and experiential context for all reading materials, how readers think as well as how they read, and what explicit and implicit agendas the authors have. The good professional takes all these factors on board.

This study seeks to extend previous research on experts with mainly ad‐hoc groups from laboratory research to a field setting. Specifically, this study aims to investigate experts' relative importance in team performance. Expertise is differentiated into two categories (task functions and team functions) and the paper aims to investigate whether experts in task and team functions predict team performance over and above the team's average expertise level.

Longitudinal, multi‐source data from 96 professional software design engineers were used by means of hierarchical regression analyses.

The results show that both expert members in task functions (i.e. behavior that aids directly in the completion of work‐related activities) and the experts in team functions (i.e. facilitation of interpersonal interaction necessary to work together as a team) positively predicted team performance 12 months later over and above the team's average expertise level.

Samples from other industry types are needed to examine the generalizability of the study findings to other occupational groups.

For staffing, the findings suggest that experts are particularly important for the prediction of team performance. Organizations should invest effort into finding “star performers” in task and team functions in order to create effective teams.

This paper focuses on the relationship between experts (in task functions and team functions) and team performance. It extends prior research on team composition and complements expertise research: similar to cognitive ability and personality, it is important to take into account member expertise when examining how to manage the people mix within teams. Benefits of expertise are not restricted to laboratory research but are broadened to real‐world team settings.

The paper aims to integrate central ideas about corporate ethics into an overall framework of corporate governance in modern market economies. A proposal for an adequate understanding of corporate ethics is outlined and, with this understanding as a background, problems of justification and implementation of corporate ethics are to be discussed.

In its philosophical part, the paper draws heavily on ideas developed around the German philosophical school of “methodological constructivism” (not to be confused with “radical constructivism”) which goes back to the works of Lorenzen, Mittelstraß, Kambartel, Gethmann, Janich, Wohlrapp et al. and which unfolds and defends a concept which C.F. Gethmann proposed to designate as “cultural pragmatism” as against the concept of “natural pragmatism” which originated in the USA. In its management part the paper relies on an interpretive approach to understand (reconstruct) the “raison d'être” of the private corporation in today's market economies and its implications for management and management theory.

The process of justification of norms, intended to give useful orientation to our common life, must start on the pragmatic (instead of the semantic) level by reconstructing those basic differences and notions which have (thus far) proven as being successful for the coordination human actions. This is in our case the difference between peaceful conflict resolution (which is dialogic in character) and the use of power (in its manyfold forms). Corporate ethics is, thus, understood here as a dialogical concept which contributes to the public interest (and national law) of making peace in and between societies more stable, and this by peacefully solving such conflicts with corporate stakeholders which result (or may result) from the choice of means (strategy) with which a corporation tries to make profits. It is in this capacity that corporate ethics adds a second dimension to the economic responsibility of management of private corporations which is to make sufficient profits (for the firm to survive under competitive conditions). This second dimension is part of what is called today corporate social responsibility. Integrating corporate ethics into the management process (planning, organizing, staffing, directing, control) requires that the principle of “primacy of corporate ethics” dominates all decisions and activities of the corporation, especially in dilemma situations.

The paper is part of the old dispute (in management theory, company law, etc.) about the “modern corporation and private property” stimulated (anew) through the seminal work of Berle/Means as early as 1932 and, later on, through institutional economics (“corporate governance”). It contributes to this discussion the proposal to integrate some (new) philosophical ideas of “cultural pragmatism” (a term proposed by the German philosopher C.F. Gethmann to mark the difference to the well‐known “natural pragmatism” which originated in the USA) into management theory; moreover, some steps are made towards a conceptional framework of corporate ethics with the aim in mind to gain a new understanding of the relationship between private business and the public interest.

This study aims to identify the price determinants of fine wines in a small and competitive market. These characteristics are found in many lesser-known wine-producing countries and are often difficult to analyse because of lack of data.

This study hand-collects and transcribes wine-related data for 149 Swiss wineries and 2,454 individual wines over the period 2014–2018 directly from wine lists provided by wineries. This study uses multivariate ordinary least squares regressions to analyse the relation between wine attributes and prices and to assess the effect of a currency shock caused by the sudden appreciation of the Swiss franc in 2015 as well as a reduction in information asymmetries induced by the novel coverage of Swiss wines by The Wine Advocate.

Prices mainly depend on collective reputation, production techniques and product positioning. Surprisingly, following a sharp appreciation of the Swiss franc, producers did not reduce prices. The arrival of a highly influential wine expert on the market also had a positive price effect on rated wines and producers. Both hint at wineries attempting to position themselves relative to competitors.

Few studies examine the price drivers in lesser-known wine markets, where competition is fierce. This study’s results show that wine pricing differs from other more famous and larger wine regions. In addition, to the best of the authors’ knowledge, this study is also the first to analyse the impact of a currency shock and a reduction in information asymmetries on wine prices.