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Part I of this chapter applies the principles of the philosophy of science and the derived scientific method to analyze the foundational concepts and core proposition of the Resource-Base View (RBV) as popularized by Barney (1986, 1991, 1997). This analysis identifies seven fundamental conceptual deficiencies and logic problems in Barney's conceptualization of “strategically valuable resources” and in Barney's VRIO framework for identifying strategically valuable resources that can be sources of sustained competitive advantage. Three problems – the Value Conundrum, the Tautology Problem in the Identification of Resources, and the Absence of a Chain of Causality – relate to the RBV's and VRIO's failure to provide an adequate conceptual basis for identifying strategically valuable resources. The Uniqueness Dilemma, the Cognitive Impossibility Dilemma, and an Asymmetry in Assumptions about Resource Factor Markets result in an inability of the VRIO framework to support identification of resources that can be sources of sustained competitive advantage. More fundamentally, the core proposition of the RBV – that resources that are strategically valuable, rare, inimitable, and organizationally embedded are sources of sustainable competitive advantage – is argued to result directly in the Epistemological Impossibility Problem that precludes use of the scientific method in RBV research. This chapter argues that until these conceptual deficiencies and logic problems are recognized and remedied, the RBV – in spite of its current popularity – is and will remain theoretically sterile and incapable of contributing in any systematic way to the development of strategy theory.

Part II of this chapter then suggests how foundational concepts developed within the competence perspective on strategy provide essential remedies for the identified deficiencies and problems in the RBV – and thereby provide a more conceptually adequate basis for representing the nature of firms in the scientific study of their interactions and competitive outcomes.

Market participants form conceptualizations of the products exchanged within product markets. Strategy scholars have begun to investigate how these product conceptual systems influence firm strategic behavior. Much of this work characterize these concepts as categories and theorize that the strategic implications derive from the potential penalties of not fitting into a category. This view has limitations in that it does not fully address the other cognitive tasks that concepts perform as well as other system-level characteristics of the conceptual systems. This chapter addresses these limitations by framing the use of concepts as part of the interpretive processes that enable market exchange. It develops a system-view of product concepts and then shows how the structure of the product categorical system influences the interpretation of product concepts. It introduces new mechanisms centered on cognitive processing that influence strategic action within product markets.

Purpose – The paper presents a content analysis of the 2009 Exposure Draft of Code of Ethics for Professional Accountants in China. It aims to investigate how equivalently the Chinese Institute of Certified Public Accountants (CICPA) adopts the International Federation of Accountants (IFAC) Code with certain adjustments due to specific national circumstances. The investigation is intended to highlight the principles-based conceptual framework approach to settlement of ethical standards and regulation for professional conduct.

Design/Methodology/Approach – Regarding the codes of ethics for professional accountants as a genre of discourse text, this paper applies a content analysis method to the investigation of how the newly revised Code of Ethics for Professional Accountants in China adopts the IFAC Code of the same type. Both semantic content and presentation format are considered in the content analysis.

Findings – This study puts forward the argument that even though CICPA claims to have equivalently adopted the principles-based conceptual framework of the IFAC ethical codification, the rigid legalistic presentation format might, however, deviate from the newly revised codification of CICPA from ethical principles to regulatory rules. Our findings prove a practical and nation-specific form of combining direct import and legal enhancement at a time when the Chinese accounting profession is on its way to converging with the IFAC Code of Ethics.

Research limitations/Implications – One limitation of the current study is the lack of information about the motivation of CICPA in adopting the principles-based conceptual framework approach to ethical codification, besides the pragmatic needs of global economic and business environments. Also, the current study focuses its comparison on IFAC and CICPA, without limited consideration of differences in cultural traits.

Practical implications – Content analysis results and conclusions of the study might render pragmatic the implications for future adoptions of the IFAC Code by various national or regional professional bodies.

Originality/Value – This paper proposes a content analysis, in terms of semantic units and legislative formats in ethical codification documents, to identify the principles-based conceptual framework approach in the IFAC and CICPA codes of ethics.

The relationship between individuals and institutions is a core feature of the microfoundations of institutional theory. This chapter analyzes the role of conceptual metaphors, a standard ingredient of theory building, in shaping how we theorize this relationship. Using illustrations from the emergent literature on emotions in institutional theory, the author shows the significance of conceptual metaphors for theory building and argues for selecting conceptual metaphors that help craft a dynamic, recursive relationship between individuals and institutions, respecting core premises of institutional theory and offering new creative insights into this relationship.

The aim of this paper is to propose a basis upon which accounting reporting can be developed to reflect real values and the real economy. It aims to address the environmental considerations discussed in the UN debate (Bebbington and Unerman, 2020) and the concern for a “better life-world”, which is the theme of this special issue.

Addressing the task involves the application of the philosophy of pragmatic constructivism (which explains how people can relate to their reality in ways that lead to successful action) and the philosophical concept of the “good life” (which establishes the values to be pursued through action and so defines action success). Also, it outlines the necessary characteristics of measurement frameworks if they are to be effective in the development and control of human practices to achieve desired values.

This paper proposes a conceptual framework for guiding the measurement of how a sustainable good life has improved and/or deteriorated as a result of organisational activities. It outlines a system of concepts on basic and instrumental values for analysing the condition of maintaining a sustainable good life in real terms. This is related to the financial results and societal regulations to analyse and adjust controls according to the real economic goals. Also, it provides a system of value measurands to produce valid information about the development of a sustainable good life. The measurand makes accounting reporting reflect the conditions of the good life that constitute the real economy instead of merely the financial economy driven by shareholder capitalism. Providing tools to analyse whether the existing practices of business and social regulations promote or counteract the real economic goals of producing a sustainable good life means the measurement system proposed makes the invisible hand of the market visible.

The mechanism proposed to enable accounting reporting to reflect real values and the real economy is a new conceptual framework that will allow accounting to more fully realise its potential to contribute to a “better world”. In aiming to serve a sustainable good life, accounting reporting will inherently foster ethical social practices.

Lean healthcare (LHC) applies lean philosophy in the healthcare sector to promote a culture of continuous improvement through the elimination of non-value-added activities. Studies on the subject can be classified as conceptual (theoretical) or analytical (applied). Therefore, this research compares bibliometric indicators between conceptual and analytical articles on LHC.

For data collection, the PRISMA Protocol was employed, and 488 articles published from 2009 to 2021, indexed in the Scopus and WoS databases, were retrieved.

This study reveals how conceptual and analytical LHC studies are organized in terms of the most relevant journals, articles, institutions, countries, the total number of citations, collaboration networks (co-authorship, international collaboration network and institutional collaboration network) and main co-words.

Only four papers conducting bibliometric analysis on LHC studies were identified in the Scopus and Web of Science databases. In addition, none of these papers compared conceptual and analytical bibliometric indicators to reveal the evolution, organization and trends of each category. Therefore, this work is not only the first to make this comparison but also the first to analyze the collaboration between authors, institutions and countries in relation to studies on LHC. The analyses performed in this work allow one new possible understanding, by researchers and health professionals, of the literature behavior in this field of study.

As the field of leadership education continues to prioritize learning in leadership, it is important to ask the question: What do we know about the learning process itself? Conceptual change, a learning framework used in educational psychology, can help to explain learning in leadership. Research on conceptual change in the social sciences is emergent and ripe for further exploration. Until the results of such research are readily available, there are some pedagogical tools produced by conceptual change researchers that leadership educators might find valuable in curriculum design. This paper introduces conceptual change theory and research to leadership educators as a viable framework from which to research learning in leadership, and presents pedagogical tools that encourage deeper learning through conceptual change

Web applications are subject to continuous changes and rapid evolution triggered by increasing competition, especially in commercial domains such as electronic commerce. Unfortunately, usually they are implemented without producing any useful documentation for subsequent maintenance and evolution. Thereof, the maintenance of such systems becomes a challenging problem as the complexity of the web application grows. Reverse engineering has been heralded as one of the most promising technologies to support effective web application maintenance. This paper aims to present a reverse engineering approach that helps understanding existing undocumented web applications to be maintained or evolved.

The proposed approach provides reverse engineering rules to generate a conceptual schema from a given domain ontology by using a set of transformation rules. The reverse engineering process consists of four phases: extracting useful information; identifying a set of ontological constructs representing the concepts of interest; enriching the identified set by additional constructs; and finally deriving a conceptual schema.

The advantage of using ontology for conceptual data modeling is the reusability of domain knowledge. As a result, the conceptual data model will be made faster, easier and with fewer errors than creating it in usual way. Designers can use the extracted conceptual schema to gain a better understanding of web applications and to assist in their maintenance.

The strong point of this approach is that it relies on a very rich semantic reference that is domain ontology. However, it is not possible to make a straightforward transformation of all elements from a domain ontology into a conceptual data model because ontology is semantically richer than data conceptual models.

Over the last decade, circular economy (CE) has gathered interest from both industrialists and academics alike. Whilst CE research is widespread in such areas as supply chain and larger organisations, there is limited research into how small to medium enterprises (SMEs) can prepare for adopting CE. There is no comprehensive readiness model for SMEs adopting CE. The purpose of this paper is to explore the literature on change readiness and generate knowledge to fill this gap by developing a conceptual model to measure change readiness for SMEs' adopting CE.

This study is based on a comprehensive literature review of change readiness models and frameworks. The paper reviews publications from Science Direct, Web of Science, Emerald, Scopus and Google Scholar. The readiness for change models and frameworks from the selected publications are evaluated and synthesised to develop a comprehensive conceptual model for change readiness for SMEs adopting a circular economy.

A readiness conceptual model is developed by incorporating several factors as precursors to readiness, i.e. individual/collective difference, structural, contextual factors and related barriers. Eleven factors make up the individual/collective difference. Three factors make up the structural and contextual factors.

This paper develops a conceptual model that can aid academics and practitioners in better understanding SMEs readiness to adopt CE.

This paper makes a unique contribution by proposing a comprehensive conceptual model of readiness for SMEs adopting CE.

The purpose of this paper is to describe the framework of conceptual design support tool (CDST) developed to assist designers during conceptual design process. The premise of the study is that, by combining human creativity with computer capabilities, it is possible to perform conceptual design process more efficiently than solely manual design. The study aims to show how conceptual design knowledge can be captured from experienced designers and kept in the computer system for later use and how the developed tool assists designers by handling some of the repetitive and time‐consuming tasks.

A conceptual design process model, which integrates systematic design approach with knowledge‐based system, is proposed. Based on this model, a CDST, which consists of function library, alternative concepts database, different modules for conceptual design activities, and a knowledge‐based system is developed. The alternative concepts database is built based on design reuse philosophy. Furthermore, the tool is designed to accept and save new concepts from the user through its knowledge acquisition module without modifying the source code. The CDST is developed using public domain open source programming environments namely CLIPS, Python, wxPython, and PyCLIPS.

Through its graphical user interface, CDST assists designers in performing the conceptual design process such as functional modelling, using standard vocabularies of functions, generating concepts and displaying on morphology chart, concept combination, and concept evaluation. The functionality and interaction between the user and the CDST is demonstrated with an example.

Currently, the alternative concepts database consists of concepts from subsea process equipment design and few general mechanical designs. The database can be enhanced by adding more concepts through the knowledge acquisition module provided.

The tool can be used as a knowledge management system in industry by capturing expertise knowledge and to train novice designers. It augments designer's knowledge by providing concepts from past designs.

The research output from this paper can be valuable resource in industry to support designers with computers. The research represents one of the attempts to develop domain independent conceptual design tool that can acquire new concepts throughout its lifetime.