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1 – 10 of over 7000Christopher Durugbo and John Ahmet Erkoyuncu
The purpose of this paper is to explore the evolution of industrial service uncertainties and the approaches for mitigating these uncertainties. The paper also sheds light on how…
Abstract
Purpose
The purpose of this paper is to explore the evolution of industrial service uncertainties and the approaches for mitigating these uncertainties. The paper also sheds light on how the interplay of potential uncertainties due to service operation challenges shapes the decisiveness of product-centric businesses.
Design/methodology/approach
To better understand how industrial firms mitigate uncertainties of industrial service provision by their supply chains, the authors adopted a qualitative multi-case logic methodology. The approach is based on a research model of uncertainty avoidance and uncertainty reduction which the authors applied in an exploratory study with three major multi-national firms in the aerospace industry: BAE Systems, Lockheed Martin and Rolls-Royce.
Findings
From the analysis, the authors found that to mitigate industrial service uncertainty, there is a need for aftermarket-oriented organisation, audit-oriented governance, relationship-oriented intelligence and lifecycle-oriented contracts. The authors also found that value uncertainty originating from unpredictability in client needs and project scope and structural uncertainty caused by volatility and variability of business structures are also important quandaries in decision making situations of firms towards their supply chains for industrial services.
Originality/value
The paper makes two useful contributions. First, it provides an assessment of the nature of uncertainty within operations for providing industrial services. Second, the paper identifies orientations for industrial service uncertainty mitigation. Whereas product-centric businesses firms tend to vary in their states for uncertainty avoidance and reduction, the work suggest similar orientations for uncertainty mitigation across these firms.
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John Ahmet Erkoyuncu, Rajkumar Roy, Essam Shehab and Elmar Kutsch
In the light of challenges experienced in cost estimation at the bidding stage of complex engineering services in the defence industry (e.g. contracting for availability), the…
Abstract
Purpose
In the light of challenges experienced in cost estimation at the bidding stage of complex engineering services in the defence industry (e.g. contracting for availability), the purpose of this paper is to present a framework to manage the influence of uncertainty on cost estimates.
Design/methodology/approach
The research applied the Soft Systems Methodology and benefitted from interaction with four major organisations in the defence industry through document sharing, semi-structured interviews, workshops, and case studies.
Findings
The framework is composed of seven stages to plan, identify, prioritise, classify, and manage cost uncertainties. Through the validation of three case studies some of the key benefits of the framework were realised in project planning, uncertainty visualisation, and capability management.
Research limitations/implications
The research has been applied in the defence sector in the UK and focuses on the bidding stage. Further research needs to be applied to confirm that the findings are applicable across industries and across the life cycle.
Originality/value
The paper builds on the theory behind risk and uncertainty management and proposes an innovative framework that avoids the assumption of “perfect” knowledge by raising questions about the validity of the input data.
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Sajad Fayezi, Andrew O'Loughlin and Ambika Zutshi
The paper aims to explain how agency theory can be used to inform our understanding of the dynamics surrounding supply chain behaviours and relationships.
Abstract
Purpose
The paper aims to explain how agency theory can be used to inform our understanding of the dynamics surrounding supply chain behaviours and relationships.
Design/methodology/approach
A structured review of the literature using a three‐stage refinement process is used. The articles were sourced through online databases and keyword classifications, such as “agency theory”, “principal‐agent relationships” and “supply chain management”. The search initially identified over 86 articles. After further screening these were reduced to 19 for final assessment and comparison.
Findings
Despite agency theory's prevailing descriptive and predictive qualities there is scarcity in its application to the SCM discipline. The authors posit that agency theory provides valuable insights for relationship engineering within supply chains where social, political, legal and behavioural dynamics dominate.
Practical implications
It is a critical task for managers to understand and mitigate abnormal behaviours across the supply chain. Agency theory serves this need by providing them with a useful tool to respond to transaction cost dilemmas through contractual and non‐contractual remedies.
Originality/value
This is one of the first studies that examines the current state of agency theory application in the SCM literature and suggests potential avenues for future research.
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Marian Leimbach, Maryse Labriet, Markus Bonsch, Jan Philipp Dietrich, Amit Kanudia, Ioanna Mouratiadou, Alexander Popp and David Klein
Bioenergy is a key component of climate change mitigation strategies aiming at low stabilization. Its versatility and capacity to generate negative emissions when combined with…
Abstract
Purpose
Bioenergy is a key component of climate change mitigation strategies aiming at low stabilization. Its versatility and capacity to generate negative emissions when combined with carbon capture and storage add degrees of freedom to the timing of emission reductions. This paper aims to explore the robustness of a bioenergy-based mitigation strategy by addressing several dimensions of uncertainty on biomass potential, bioenergy use and induced land use change emissions.
Design/methodology/approach
Different mitigation scenarios were explored by two different energy-economy optimization models coupled to the same land use model, which provides a common basis for the second generation bioenergy dynamics in the two energy-economy models.
Findings
Using bioenergy is found to be a robust mitigation strategy as demonstrated by high biomass shares in primary energy demand in both models and in all mitigation scenarios.
Practical implications
A variety of possible storylines about future uses of biomass exist. The comparison of the technology choices preferred by the applied models helps understand how future emission reductions can be achieved under alternative storylines.
Originality/value
The presented comparison-based assessment goes beyond other comparison studies because both energy-economy models are coupled to the same land use model.
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Chaiyuth Padungsaksawasdi, Sirimon Treepongkaruna and Pornsit Jiraporn
The paper aims to investigate the effect of uncertain times on LGBT-supportive corporate policies, exploiting a novel text-based measure of economic policy uncertainty (EPU) that…
Abstract
Purpose
The paper aims to investigate the effect of uncertain times on LGBT-supportive corporate policies, exploiting a novel text-based measure of economic policy uncertainty (EPU) that was recently constructed by Baker et al. (2016). LGBT-supportive policies have attracted a great deal of attention in the media lately. There is also a rapidly growing area of the literature that addresses LGBT-supportive policies specifically.
Design/methodology/approach
The authors execute a regression analysis and several other robustness checks including propensity score matching (PSM) and an instrumental-variable analysis to mitigate endogeneity.
Findings
The authors' results show that companies significantly raise their investments in LGBT-supportive policies in times of greater uncertainty, reinforcing the risk mitigation view where LGBT-supportive policies create moral capital with an insurance-like effect that mitigates adverse consequences during uncertain times. The effect of EPU on LGBT-supportive policies is above and beyond its effect on corporate social responsibility (CSR) in general.
Originality/value
The authors' study is the first to explore the effect of uncertain times on LGBT-supportive corporate policies. The authors contribute to a crucial area of the literature that examines how firms respond to EPU. In addition, the authors enrich the literature on LGBT-friendly policies by showing that EPU is one of the significant determinants of LGBT-friendly policies.
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The observed increase in the atmospheric concentration of greenhouse gases since the industrial period, due to human activities, is very likely causing the warming of the climate…
Abstract
The observed increase in the atmospheric concentration of greenhouse gases since the industrial period, due to human activities, is very likely causing the warming of the climate system. Anthropogenic warming and rising sea levels will continue for centuries due to the time scales associated with climate processes and feedbacks. Even if greenhouse gas concentrations were to be stabilized, different types of adaptation measures are needed to cope with the inevitable change. At the same time mitigation measures aiming at decreasing greenhouse gas emissions and enhancing carbon sinks must be taken in order to reduce the potential extent of global warming. This chapter covers the main aspects of the current understanding of the physical basis of climate change, including the directly measured observations and estimated projections for the 21st century. Causes and effects of climate change are also addressed. Finally, the main uncertainties of climate projections and a few general considerations on the different ways to respond to the climate change issue are discussed.
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Vasco Sanchez‐Rodrigues, Andrew Potter and Mohamed M. Naim
The purpose of this paper is to refine a logistics triad uncertainty model taking a supply chain perspective, to determine and assess the different causes and sources of supply…
Abstract
Purpose
The purpose of this paper is to refine a logistics triad uncertainty model taking a supply chain perspective, to determine and assess the different causes and sources of supply chain uncertainty that impact on the sustainability of the UK road freight transport sector.
Design/methodology/approach
To clarify the link between sustainability and transport uncertainty, a methodological triangulation strategy is applied combining the results of eight focus groups and an online structured questionnaire.
Findings
The findings indicate that the main drivers impacting the sustainability of transport operations are delays, variable demand/poor information, delivery constraints and insufficient supply chain integration. The consequence of these problems is to reduce the efficiency of transport operations.
Research limitations/implications
The model has been refined based only on participants' perceptions. Therefore, the finding should also be verified through the investigation of real‐world situations. Moreover, the transport uncertainty model needs to be incorporated within a wider business process re‐engineering approach to evaluate solutions to reduce transport uncertainty within supply chains.
Practical implications
The findings further strengthen the understanding of the main uncertainty sources within supply chains in the UK. The internal root causes of uncertainty can be mitigated while external issues have to be accommodated; therefore, mitigation techniques, methods and strategies for reducing external and internal supply chain uncertainty in transport operations need to be identified through the research.
Originality/value
This paper determines the industry perceived economic and environmental risks associated with transport operations in four UK sectors.
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Maxwell M. Yurkofsky and Donald J. Peurach
This paper proposes a new conception of school systems arising out of the collision of three forces: (1) a longstanding press to rationalize the technical work of schools in the…
Abstract
Purpose
This paper proposes a new conception of school systems arising out of the collision of three forces: (1) a longstanding press to rationalize the technical work of schools in the service of educational excellence; (2) a growing democratic press to equitably engage community members in the process of defining educational excellence; which together are (3) heightening legacy uncertainties that pervade educational organizations. It then draws on paradox theory to explore how leaders might navigate the growing uncertainties that are central to the work of organizing for excellence and equity.
Design/methodology/approach
Integrating scholarship related to organizational institutionalism, paradox theory, learning sciences, social justice leadership and educational system building, this paper examines the changing organization of schools, the growing uncertainty facing educators and the implications for leaders and preparation programs.
Findings
This paper introduces two perspectives on how to navigate the growing uncertainty facing educators and educational leaders: one that centers on mitigating uncertainty, the other that prioritizes leveraging uncertainty. Both perspectives have affordances and limitations when considering the twin goals of educational excellence and equitable involvement in decision-making, and leaders should thus view uncertainty as a paradox—an interdependent, persistent, contradiction—that can never be fully resolved, but can be managed. A paradox perspective makes visible the complex work of effectively moving between mitigating and leveraging uncertainty, especially in a field where the latter garners more support and legitimacy.
Originality/value
This paper synthesizes recent educational and organizational scholarship to develop a new conception of educational organizations and a corresponding approach to educational leadership capable of navigating the growing complexity and uncertainty that pervades school systems.
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This research aims to examine the moderating role of managerial ability on the relationship between risk-taking behavior and firms' performance.
Abstract
Purpose
This research aims to examine the moderating role of managerial ability on the relationship between risk-taking behavior and firms' performance.
Design/methodology/approach
This research uses 383 manufacturing firm-years listed on the Indonesian Stock Exchange as the research sample. The hypothesis test uses fixed-effect regression analysis.
Findings
The result shows that risk-taking behavior has a positive effect on firms' performance for higher managerial ability. Managerial ability provides higher knowledge, skill and information to get benefits and mitigate costs of risk-taking behavior to improve firms' performance. The role of managerial ability to make risk-taking behavior increase firms' performance occurs more for high-ability managers, dual CEO, shareholder-CEO and family CEO.
Originality/value
This research contributes to answering the conflicting arguments and filling the previous findings gap between risk-taking behavior and firm performance by considering managerial ability as a factor to create effective risk mitigation.
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The paper aims to investigate the communication of uncertainty information and knowledge between the project manager, owner and steering group. The purpose of the project is to…
Abstract
Purpose
The paper aims to investigate the communication of uncertainty information and knowledge between the project manager, owner and steering group. The purpose of the project is to identify the effects of project owner and steering group involvement in the process of uncertainty management.
Design/methodology/approach
The empirical data are based on a qualitative case study with in‐depth interviews following a semi‐structured approach. The building of new frigates, a project in the Royal Norwegian Navy, is studied. This is a large public technology project, with a great deal of media and public attention from Norwegian society.
Findings
The project owner and steering group involvement in the project's uncertainty management process were identified. The interviews revealed that uncertainty information and knowledge have frequently been communicated and shared. The results indicate that this has reduced the asymmetric information problem between the parties. This involvement has also contributed to building a collaborative, respectful, professional and trusting relationship between the parties. Another effect that was found is that the project owner has learned about uncertainty management and developed uncertainty consciousness. Moreover, the data indicate that the uncertainty information has helped the project owner develop a holistic view for improved decisions.
Research limitations/implications
Future research should investigate other scenarios, types of projects, cultures and countries, so that these findings may be generalized.
Practical implications
The paper concludes that project owner involvement and communicating uncertainty information are important for the effective management of uncertainties and achieving project success.
Originality/value
The involvement of the project owner and the communication of uncertainty information between the project manager and the owner are studied in this research paper.
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