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Article
Publication date: 19 July 2011

Po Keung Ip

This paper aims to examine whether and to what extent the practical wisdom contained in classical Confucianism can provide conceptual and ethical resources for ethical…

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2926

Abstract

Purpose

This paper aims to examine whether and to what extent the practical wisdom contained in classical Confucianism can provide conceptual and ethical resources for ethical leadership for Chinese companies in the twenty‐first century. The objectives of the paper are: to reconstruct the core elements of Confucianism; to account some major issues confronting corporate China; to identify the attributes of the Confucian ethical leadership through those of Junzi against such a backdrop; to identify some major challenges for Junzi leadership in today's business environment in China; and to consider some implications of this analysis for management development and management education.

Design/methodology/approach

The paper adopts a normative analysis.

Findings

A critical articulation of the concept of ethical leadership based on the Confucian notion of Junzi is presented, and the concept is examined against the context of problems confronting business in China. The challenges for Confucian ethical leadership are identified in the conclusion.

Research limitations/implications

The paper presents a critical reference for managers who adopt or intend to adopt Confucian ideas in management.

Social implications

The paper provides a critical reference for those in society who assume leadership positions to learn about Chinese ethical leadership.

Originality/value

Few works in the literature have made the connection between Confucian ethical leadership and the Chinese corporate context with a critical approach and rigorous analysis to help reveal the inherent challenges.

Details

Journal of Management Development, vol. 30 no. 7/8
Type: Research Article
ISSN: 0262-1711

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Article
Publication date: 19 July 2011

Mike Thompson

The purpose of this paper is to explore the extent to which Chinese classical virtues act as a restraint on consumerist hedonic values and the associated priority on…

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2289

Abstract

Purpose

The purpose of this paper is to explore the extent to which Chinese classical virtues act as a restraint on consumerist hedonic values and the associated priority on profit maximisation by managers.

Design/methodology/approach

The paper is based on a literature review and adopts a reflective approach to the topic.

Findings

The paper considers how Chinese classical virtues are related to contemporary relational or indigenous values and how a social tension is created between these values and the hedonic values now present in Chinese urban society. Implications for management and management education are reviewed in the light of this tension.

Practical implications

The social unrest created by the privatisation of SOEs can be mitigated by the promotion of management education sensitised to the cultural norms and expectations of the Chinese people in relation to the role and responsibilities of managers. The Junzi (gentleman‐leader) archetype and the virtues of ren‐yili are offered as exemplary features of a management seeking to balance social responsibility with profitability.

Originality/value

The paper highlights the social turbulence created by the advent of market economics in China and the concomitant rise of consumerism and the privatisation of state‐owned enterprises.

Details

Journal of Management Development, vol. 30 no. 7/8
Type: Research Article
ISSN: 0262-1711

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Article
Publication date: 6 September 2021

Guangyuan Xing, Yi Li, Haixu Bao, Guoxing Zhang and Zhenguo Li

Public crisis often generates new knowledge that should be incorporated into a government’s macro-control to ensure the relief supply. From the perspective of public…

Abstract

Purpose

Public crisis often generates new knowledge that should be incorporated into a government’s macro-control to ensure the relief supply. From the perspective of public crisis knowledge management, the Chinese system of Government relief supplies can be considered as a special case of the knowledge system. This paper aims to investigate the supply and production mechanism of relief goods and explore the advantages of the Chinese system when a sudden public crisis occurs.

Design/methodology/approach

Under the Chinese system, the authors construct a relief supply chain model consisting of the Chinese Government, one manufacturer and one supplier, where the supplier has no capital constraints. Given the demand for relief goods, the government purchases from the manufacturer with a guide price. Then, the manufacturer decides on its order quantity and offers a wholesale price to the supplier. The supplier has a random capacity and decides on the level of knowledge acquisition to improve its capacity.

Findings

The authors first obtain the analytical solution for the manufacturer to motivate a high level of knowledge acquisition from the supplier. Specifically, the manufacturer’s optimal order quantity is equal to the demand and the optimal wholesale price has a cost-plus form that reimburses the supplier for its production cost and knowledge-acquisition cost. Next, the authors derive the optimal guide price for the government, which should be set to subsidize the manufacturer with a proportion of the sourcing cost. Finally, the authors compare the Chinese system with the market mechanism where the supplier has capital constraints and confirm that the Chinese system is more beneficial to both the manufacturer and the government.

Originality/value

Quantitative research on the Chinese system of Government relief supplies is difficult to be conducted. This paper provides feasible and practical methods to quantify the benefits of the Chinese system. The results reveal that the Chinese system is an effective mechanism of public crisis knowledge management, which can be helpful to the government’s policy-making in practice.

Details

Journal of Knowledge Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1367-3270

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Article
Publication date: 8 August 2016

Ke Wang, Yujiao Xian, Jieming Zhang, Yi Li and Linan Che

This study aims to provide an estimation of carbon dioxide (CO2) emission abatement costs in China’s industry sector during the period of 2006-2010, and additionally…

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1252

Abstract

Purpose

This study aims to provide an estimation of carbon dioxide (CO2) emission abatement costs in China’s industry sector during the period of 2006-2010, and additionally provide an ex-post estimation of CO2 abatement cost savings that would be realized if carbon emission permits trading among different industry sectors of 30 provinces in China during the same period were allowed, to answer the question that whether the industrial carbon emission abatement cost can (partially) be recovered from carbon emission trading in China.

Design/methodology/approach

The joint production framework associated with the environmental technology is utilized for formulating the models for estimating abatement costs and simulating emission permits trading scheme. Several data envelopment analysis-based models that could deal with both the desirable and undesirable outputs within the above framework are utilized for abatement cost saving estimation. The weak disposability assumption and variable returns to scale assumption are applied in the modelling.

Findings

In China’s industry sector, during 2006-2010, the estimated CO2 emission abatement cost was 1,842 billion yuan, which accounts for 2.45 per cent of China’s total industrial output value; the emission abatement cost saving from emission permits trading would be 315 billion yuan, which accounts for 17.12 per cent of the emission opportunity abatement cost; and additional 1,065.95 million tonnes of CO2 emission reductions would be realized from emission permits trading, and this accounts for 4.75 per cent of the total industrial CO2 emissions.

Research limitations/implications

The estimation is implemented at the regional level, i.e. the emission permits trading subjects are the whole industry sectors in different Chinese provinces, because of the data limitation in this study. Further estimation could be implemented at the enterprise level to provide a deeper insight into the abatement cost recovery from emission permits trading.

Practical implications

The estimation models and calculation process introduced in this study could be applied for evaluating the efficiency and effectiveness of pollutant emission permits trading schemes from the perspective that whether these market-based abatement policy instruments help to realize the potential abatement cost savings.

Originality/value

To the best of the authors’ knowledge, no study has provided the estimation of CO2 emission abatement cost and the estimation of CO2 abatement cost saving effect from emission permits trading for China’s industry sector. This study provides the first attempt to fill this research gap.

Details

Journal of Modelling in Management, vol. 11 no. 3
Type: Research Article
ISSN: 1746-5664

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Article
Publication date: 2 March 2020

Yan Song, Xin Yun Li, Yi Li and Xianpei Hong

The purpose of this paper is to establish a deterministic equivalent income model (DEIM) based on the risk cost (RC) and risk aversion of investors. The model fully…

Abstract

Purpose

The purpose of this paper is to establish a deterministic equivalent income model (DEIM) based on the risk cost (RC) and risk aversion of investors. The model fully considers both subjective and objective factors that affect risk investment and reasonably evaluates risk investment schemes to choose the correct investment scheme and gain greater investment returns.

Design/methodology/approach

The utility function is used to measure the extent to which an investor is satisfied by investment returns in various scenarios. Risk aversion expresses subjective attitude of investors to risk. RC represents risk loss in currency. This methodology is based on risk aversion function, utility function and RC theory to establish DEIM.

Findings

This study shows that investors with different risk preferences have different certainty equivalent returns (CER), so their choices of investment options change accordingly.

Practical implications

In this paper, the authors use DEIM to test an investment case and conclude that the CER and investment scheme both change with different risk preferences. At the same time, case analysis shows that DEIM is reasonable and stable when evaluating risk investment schemes.

Originality/value

In this study, the authors innovate by introducing both the RC and risk aversion degree into risk investment schemes evaluation and by deriving a utility function from the absolute risk aversion function to build a utility decision matrix and establish DEIM. The model combines the subjective and objective factors that influence risk investment decisions.

Details

Kybernetes, vol. 50 no. 2
Type: Research Article
ISSN: 0368-492X

Keywords

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Article
Publication date: 13 November 2017

Dawit Zenebe Segu and Pyung Hwang

This study aims to compare the friction and wear behaviors of Fe68.3C6.9Si2.5 B6.7P8.8Cr2.2Al2.1Mo2.5 bulk metallic glass (BMG) under sliding using dry, deionized…

Abstract

Purpose

This study aims to compare the friction and wear behaviors of Fe68.3C6.9Si2.5 B6.7P8.8Cr2.2Al2.1Mo2.5 bulk metallic glass (BMG) under sliding using dry, deionized water-lubricated and oil-lubricated conditions. The comparison was performed using a unidirectional ball-on-flat tribometer under different applied loads, and the results were compared to the properties of a conventional material, SUJ2. Fe-based BMG materials have recently been attracting a great deal of attention for prospective engineering applications.

Design/methodology/approach

As a part of the development of Fe-based BMGs that can be cost-effectively produced in large quantities, an Fe-based BMG Fe68.8C7.0Si3.5B5.0P9.6 Cr2.1Mo2.0Al2.0 with high glass forming ability was fabricated. In the present study, the friction and wear properties of Fe-based BMG has been comparatively evaluated under dry sliding, deionized water- and oil-lubricated conditions using a unidirectional ball-on-flat tribometer under different applied loads, and the results were compared to the properties of conventional material SUJ2.

Findings

The results show that the Fe-based BMG had better friction performance than the conventional material. Both the friction coefficient and wear mass loss increased with increasing load. The sliding wear mechanism of the BMG changed with the sliding conditions. Under dry sliding conditions, the wear scar of the Fe-based BMG was characterized by abrasive wear, plastic deformation, micro-cracks and peeling-off wear. Under water- and oil-lubricated conditions, the wear scar was mainly characterized by abrasive wear and micro-cutting.

Originality/value

In this investigation, the authors developed a new BMG alloy Fe68.8C7.0Si3.5B5.0P9.6Cr2.1Mo2.0Al2.0 to improve the friction and wear performance under dry sliding, deionized water- and oil- lubricated conditions.

Details

Industrial Lubrication and Tribology, vol. 69 no. 6
Type: Research Article
ISSN: 0036-8792

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Article
Publication date: 11 March 2019

Yi Li, Gang Li, Taiwen Feng and Jinpeng Xu

The purpose of this study is to examine the influence of product innovation novelty on the relationship between customer involvement and new product development (NPD) cost…

Abstract

Purpose

The purpose of this study is to examine the influence of product innovation novelty on the relationship between customer involvement and new product development (NPD) cost performance.

Design/methodology/approach

The authors use organizational information processing theory and adopt hierarchical regression and slope difference test to assess the relationships between constructs and test the hypotheses.

Findings

The authors evaluate the concept of product innovation novelty from the perspectives of suppliers and customers and infer that these two types of product innovation novelty exert a moderate effect on the relationship between customer involvement and NPD cost performance. First, product innovation novelty for customers strengthens the positive effects of customer involvement on the NPD cost performance. Second, product innovation novelty for suppliers weakens the positive impact of customer involvement on the NPD cost performance. The authors also find that the interaction between product innovation novelty for suppliers and product innovation novelty for customers weakens the positive impact of customer involvement on NPD cost performance.

Originality/value

The findings of this study explain the reasons for the controversies surrounding the impact of customer involvement on cost performance and discuss the role of product innovation novelty in customer involvement in NPD process. The results of this study can be used to establish whether customer involvement improves or weakens NPD cost performance and identify the role of product innovation novelty in NPD. The conclusions derived from this study can provide theoretical knowledge and managerial insights for both academicians and corporate professionals.

Details

Journal of Business & Industrial Marketing, vol. 34 no. 4
Type: Research Article
ISSN: 0885-8624

Keywords

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Article
Publication date: 16 October 2019

Yi Li, Ying Zhang, Jinpeng Xu and Taiwen Feng

This paper aims to determine whether relationship quality should be measured as a disaggregated or as a composite construct, and investigate the causal relationship…

Abstract

Purpose

This paper aims to determine whether relationship quality should be measured as a disaggregated or as a composite construct, and investigate the causal relationship between relationship quality and customer involvement. The authors also explore the role of customer involvement in relationship quality-performance linkage in B2B settings.

Design/methodology/approach

This study is based on 214 Chinese manufacturers and uses the structural equation model to examine this conceptual model and hypotheses.

Findings

As a reflective second-order construct, relationship quality not only has positive effects on performance but also positively affects customer involvement. More importantly, customer involvement partially mediates the relationship between relationship quality and performance.

Research limitations/implications

This study only focuses on customer relationship, but neglects the supplier relationship.

Practical implications

When assessing the relationship quality with customers, suppliers must consider trust, commitment and investment dimensions simultaneously. In addition, to increase performance, suppliers must involve customers who are trusted and invested in training and logistics facility and then cooperate with them in new product design.

Originality/value

These findings contribute to this understanding on the relationship quality in B2B settings and provide theoretical contributions and managerial insights for both academics and practitioners.

Details

Journal of Business & Industrial Marketing, vol. 35 no. 2
Type: Research Article
ISSN: 0885-8624

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Article
Publication date: 9 August 2021

Yi Li and Yangying Peng

This research explores the path that social media influencers affect target consumers to purchase a certain brand posted in their contents.

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1058

Abstract

Purpose

This research explores the path that social media influencers affect target consumers to purchase a certain brand posted in their contents.

Design/methodology/approach

Using a sample of 510 Weibo users in China, the conceptual model is tested by structural equation modeling (SEM) in Lisrel 8.8 statistical software.

Findings

This study examined that influencers' source characteristics stimulate consumers' positive attitudes (image satisfaction and/or advertising trust), in turn affect consumers' purchase intention. The expertise, originality and homophily of influencers positively affect two attitudes of consumers. The attractiveness only positively affects image satisfaction, and the interactivity only positively affects advertising trust. Besides that, this study also verified the mediating role of consumers' self-brand connection between the two attitudes and purchase intentions.

Originality/value

By distinguishing two different attitudes of consumers and incorporating consumers' self-brand connection, we proposed a complete theoretical framework for the overall mechanism of influence marketing based on communication–persuasion matrix.

Details

Marketing Intelligence & Planning, vol. 39 no. 7
Type: Research Article
ISSN: 0263-4503

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Article
Publication date: 19 June 2019

Chu-Bing Zhang and Yi-Na Li

In the digital era, business-to-business (B2B) salespersons are encouraged to communicate with buyers on social media platforms and shape customer loyalty. However, the…

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2911

Abstract

Purpose

In the digital era, business-to-business (B2B) salespersons are encouraged to communicate with buyers on social media platforms and shape customer loyalty. However, the effect of social media usage and its mechanism remain unexplored. The purpose of this paper is to investigate how salespersons’ social media usage influences B2B buyers’ trust beliefs and purchase risk, and therefore, customer loyalty.

Design/methodology/approach

The authors conduct an online-survey, use partial least squares structural equation modeling to analyze the data, and adopt SPSS PROCESS macro 2.13 to test mediation effects.

Findings

Salespersons’ social media usage can enhance buyers’ trust beliefs on salespersons’ ability, integrity and benevolence, but only the latter two can improve customer loyalty. Social media usage does not directly affect purchase risk, and only benevolence can reduce purchase risk. Serial mediation models reveal that the effect of social media usage on customer loyalty is mediated by buyers’ trust beliefs on salespersons’ integrity/benevolence and purchase risk.

Originality/value

First, the authors confirm the effect of social media usage on customer loyalty in B2B context and refute the fallacy of social media uselessness in B2B practices. Second, the research shows that buyers’ trusting beliefs on salesperson’s ability and integrity do not significantly influence perceived risk. The finding is different from the stereotypical judgment in B2C scenarios. Third, the authors distinguish differently weighted influences of buyers’ trusting beliefs on salesperson’s ability, integrity and benevolence, and highlight the role of salespersons’ altruism attributes in shaping customer loyalty.

Details

Journal of Business & Industrial Marketing, vol. 34 no. 7
Type: Research Article
ISSN: 0885-8624

Keywords

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