Search results

11 – 20 of 218
Article
Publication date: 1 December 2002

Milorad M. Novicevic, Thomas J. Hench and Daniel A. Wren

In the closing decades of the twentieth, and at the start of the twenty‐first, centuries, attention has again turned to the critical role of intuition in effective managerial…

2111

Abstract

In the closing decades of the twentieth, and at the start of the twenty‐first, centuries, attention has again turned to the critical role of intuition in effective managerial decision making. This paper examines the history of intuition in management thought by tracing its origins to Chester I. Barnard. This paper reveals not only the intellectual roots linking Barnard’s conceptualization of intuition in management thought to, among others, the influential works of the economist and sociologist, Vilfredo Pareto; Lawrence Henderson’s influence on Barnard through Henderson’s leadership and direction of the Harvard Pareto Circle; the works of the early pragmatist John Dewey; Humphrey’s The Nature of Learning; and Koffka’s Principles of Gestalt Psychology. Further, Barnard’s conceptualization of intuition foreshadowed by nearly two decades nearly all of Polanyi’s thinking and elaboration of tacit knowledge. This paper also examines Barnard’s and Simon’s differing views on intuition and provides a brief overview of contemporary research on intuition in managerial decision making.

Details

Management Decision, vol. 40 no. 10
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 1 February 1987

Robert Sanders

Vilfredo Pareto was a late nineteenth‐century economist/sociologist who first noted and reported his observation that about 80 percent of wealth was concentrated in about 20…

3829

Abstract

Vilfredo Pareto was a late nineteenth‐century economist/sociologist who first noted and reported his observation that about 80 percent of wealth was concentrated in about 20 percent of a population. This is the basis for what we now call the Pareto Principle.

Details

Journal of Services Marketing, vol. 1 no. 2
Type: Research Article
ISSN: 0887-6045

Article
Publication date: 13 July 2015

Alasdair Marshall and Udechukwu Ojiako

The purpose of this paper is to utilise Vilfredo Pareto ' s Machiavellian-realist social theory to provide a distinctive realist philosophical understanding of…

Abstract

Purpose

The purpose of this paper is to utilise Vilfredo Pareto ' s Machiavellian-realist social theory to provide a distinctive realist philosophical understanding of entrepreneurial risk-taking. By doing so, this paper seeks to stimulate debate and encourage future empirical testing that has the potential to present a richer understanding of entrepreneurial risk-taking.

Design/methodology/approach

To establish that a realist perspective can help theorise entrepreneurship, the authors look through a modern day risk and uncertainty optic at the hidden mechanisms within the social world where enterprises operate. Looking from this unique standpoint, where the long established social theory is reinvigorated by contemporary risk philosophy within a shared realist paradigm, human nature equips entrepreneurs with certain “animal spirits” to muddle blindly and instinctually through their risk environments.

Findings

The paper argues that this combined perspective unlocks a much richer understanding of entrepreneurial risk-taking, in particular, by capturing more of its behavioural reality and despite our strong emphasis on the inaccessibility and hiddenness of the risk environment to the entrepreneur, by exploring the entrepreneur-risk environment fit in ecological terms.

Originality/value

The paper’s unique blend of the classical Italian social theory with the contemporary risk theory offers a novel ecological view of the entrepreneur’s blind (mal) adaptation to their risk environment.

Details

Society and Business Review, vol. 10 no. 2
Type: Research Article
ISSN: 1746-5680

Keywords

Article
Publication date: 1 January 2016

Qiandong Zhu and Huimin Xiang

The purpose of this paper is to explore whether the databases from a certain library are Pareto-compliant or not? If so, to what extent is the Pareto principle performance evident…

Abstract

Purpose

The purpose of this paper is to explore whether the databases from a certain library are Pareto-compliant or not? If so, to what extent is the Pareto principle performance evident among these databases? The other purpose is to determine the differences in Pareto principle performance according to time change and database type.

Design/methodology/approach

Data on full-text downloads from six e-resources – Elsevier ScienceDirect (SD), Wiley Blackwell, Springer Journal, EBSCO Business Source Premier (BSP), American Chemical Society and American Institute of Physics (AIP) – for the period 2007-2013 were analysed; 42 samples were collected from these databases. The proportion of frequently downloaded journals from databases was selected as an indicator to determine differences in Pareto principle performance according to time change. The difference between the proportion of frequently downloaded journals and the classic proportion of 20 per cent was used as indicator to determine difference in Pareto principle performance related to database type.

Findings

There are 33 samples (78.57 per cent) which exhibited the Pareto principle. Four databases – Elsevier SD, Wiley Blackwell, EBSCO BSP and AIP – constantly exhibited the Pareto principle. The differences were not significant according to time change. The two multi-discipline databases – Elsevier SD and Wiley Blackwell – fluctuated more moderately than the two single-discipline databases – EBSCO BSP and AIP. Multi-discipline and single-discipline databases showed some differences in Pareto principle performance; however, these differences were not remarkable.

Originality/value

The Pareto principle confirmed that there were frequent and infrequent downloads of e-journals from e-journal databases. It was of great importance to analyse these to improve digital resources acquisition and user service.

Details

The Electronic Library, vol. 34 no. 5
Type: Research Article
ISSN: 0264-0473

Keywords

Book part
Publication date: 30 January 2002

Maria Eugénia Mata

This paper analyzes the first attempt to introduce in Portugal economic studies based on a neoclassical approach. In 1910 António Horta Osório wrote a textbook, A Mathematica na…

Abstract

This paper analyzes the first attempt to introduce in Portugal economic studies based on a neoclassical approach. In 1910 António Horta Osório wrote a textbook, A Mathematica na economia pura [Mathematics in pure economics], in the context of an attempt to obtain the chair of Political Economy at the Lisbon Polytechnic School. He did not receive the appointment, and although the book was translated into French, under the title Théorie mathématique de l'échange, and praised as a good elementary presentation of the basic framework of the general equilibrium theory of Léon Walras and Vilfredo Pareto, it had almost no effect on the Portuguese intellectual scene. Neoclassical economics would only become a standard paradigm in Portuguese universities in the 1940s. This paper explains why his name faded from the intellectual scene in Portugal and elsewhere.

Details

A Research Annual
Type: Book
ISBN: 978-1-84950-137-8

Book part
Publication date: 25 June 2010

Giampaolo Garzarelli

Like its predecessor – Firms, Governments and Economic Change (Yu, 2001) – this new book originates from Yu's dissatisfaction with the axiomatic optimization-and-equilibrium…

Abstract

Like its predecessor – Firms, Governments and Economic Change (Yu, 2001) – this new book originates from Yu's dissatisfaction with the axiomatic optimization-and-equilibrium framework, which he sees as dominating the theory of industrial and economic organization as well as the theory and practice of business strategy. The most succinct statement of the framework that I think Yu takes issue with probably remains that of Vilfredo Pareto: “[A] full representation of the individual's preferences … is sufficient to determine economic equilibrium. The individual can disappear as long as he leaves us a photograph of his preferences” (Pareto, 1927, p. 170, my translation).2 But whereas in the previous book Yu mostly studied the role of governments vis-à-vis firms and innovation, in this new book Yu mostly studies the role of long run business planning vis-à-vis firms and innovation.

Details

A Research Annual
Type: Book
ISBN: 978-0-85724-060-6

Article
Publication date: 1 October 2006

Rick Ferguson and Kelly Hlavinka

This paper is aimed at describing how companies can find new opportunities for customer retention and lifetime value by applying the concepts of dialogue marketing…

4143

Abstract

Purpose

This paper is aimed at describing how companies can find new opportunities for customer retention and lifetime value by applying the concepts of dialogue marketing, network‐building and relevant rewards.

Design/methodology/approach

The paper cites the work of Chris Anderson, Editor‐in‐Chief of Wired Magazine, and the work of Italian economist Vilfredo Pareto. The paper explains how the works of these two men, and how programs put into place at two companies (Hewlett‐Packard and Rain Bird), have opened new vistas in customer retention.

Findings

The study found that by applying specific marketing principles, companies can do a better job of retaining all customers, specifically those customers who are not in the top 20 percent of revenue‐producers.

Practical implications

Most companies believe that 80 percent of their business comes from 20 percent of their customers. However, by applying specific marketing principles, companies can do a better job of retaining all customers, specifically those customers who are not in the top 20 percent of revenue‐producers.

Originality/value

The paper takes a new look at an old principle (the 80‐20 Pareto Principle).

Details

Journal of Consumer Marketing, vol. 23 no. 6
Type: Research Article
ISSN: 0736-3761

Keywords

Book part
Publication date: 18 February 2004

Warren J. Samuels

One important discussion comes under Knight’s heading of “Social Control.” To appreciate his argument, one has to understand that Knight’s social theory is developed within a…

Abstract

One important discussion comes under Knight’s heading of “Social Control.” To appreciate his argument, one has to understand that Knight’s social theory is developed within a tension between: (1) his knowledge that social control is both inevitable and necessary; and (2) his correlative desire for individual autonomy. One could add to that a hatred of social control, some of which is relevant. But what Knight dislikes is, first, selective elements of existing social control and, second, change of social control, e.g. change of the law by law, except for those changes of the law that remove the selective elements he dislikes; Knight is not opposed to all change of social control. In any event, the problem of social control is also for Knight (as it was for Vilfredo Pareto) the problems of social change and of the status of the status quo as well as of hierarchy.

Details

A Research Annual
Type: Book
ISBN: 978-0-76231-089-0

Content available
Book part
Publication date: 20 January 2020

Gavin Brown and Richard Whittle

Abstract

Details

Algorithms, Blockchain & Cryptocurrency: Implications for the Future of the Workplace
Type: Book
ISBN: 978-1-83867-495-3

Article
Publication date: 9 November 2023

Ibrahim Yahaya Wuni and Derek Asante Abankwa

Circular construction offers sustainable solutions and opportunities to disentangle a project’s life cycle, including demolition, deconstruction and repurposing of architectural…

Abstract

Purpose

Circular construction offers sustainable solutions and opportunities to disentangle a project’s life cycle, including demolition, deconstruction and repurposing of architectural, civil engineering and infrastructure projects from the extraction of natural resources and their wasteful usage. However, it introduces additional layers of novel risks and uncertainties in the delivery of projects. The purpose of this study is to review the relevant literature to discover, classify and theorize the critical risk factors for circular construction projects.

Design/methodology/approach

The paper conducted a systematic literature review to investigate the risks of circular construction projects. It deployed a multistage approach, including literature search and assessment, metadata extraction, citation frequency analysis, Pareto analysis and total interpretive structural modeling.

Findings

Sixty-eight critical risk factors were identified and categorized into nine broad taxonomies: material risks, organizational risks, supply chain risks, technological risks, financial risks, design risks, health and safety risks, regulatory risks and stakeholder risks. Using the Pareto analysis, a conceptual map of 47 key critical risk factors was generated for circular construction projects. A hierarchical model was further developed to hypothesize the multiple possible connections and interdependencies of the taxonomies, leading to chain reactions and push effects of the key risks impacting circular construction projects.

Originality/value

This study constitutes the first systematic review of the literature, consolidating and theorizing the chain reactions of the critical risk factors for circular construction projects. Thus, it provides a better understanding of risks in circular construction projects.

Details

Construction Innovation , vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1471-4175

Keywords

11 – 20 of 218