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Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

2006

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Entrepreneur- Investor Negotiations: Investigating The Power Gap, Karen Page, Robert Sprague Jan 2006

Entrepreneur- Investor Negotiations: Investigating The Power Gap, Karen Page, Robert Sprague

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Federal Securities Laws are designed to ensure that investors are provided with sufficient information to make an informed investment. These Laws presume that investors are relatively naive and powerless compared to the relatively sophisticated and powerful sellers of securities. In the new venture arena, however, it is often the case that sellers, the entrepreneurs, are relatively naive and powerless compared to the investors, who tend to be expert in venture finance. This paper explores these heretofore unexamined power imbalances and presents attributes of the entrepreneurs and their resources that may affect entrepreneurs' ability to negotiate with venture capitalists.


Continuing Confusion -Are Managers And Leaders Different?, David Curtis Jan 2006

Continuing Confusion -Are Managers And Leaders Different?, David Curtis

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

This paper revisits the debate about whether managers and leaders are different It notes the assertion that managers do things right and leaders do the right thing. The paper, then, examines the discussions provided in the leadership literature, and the experiences described by successful executives to test the validity of the previously described claim. Also, this paper provides an alternative view that managing and leading are not as different as commonly asserted.


Cover, Front Matter & Editorial Board Jan 2006

Cover, Front Matter & Editorial Board

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

No abstract provided.


Comprehensive Audit Of The Criteria Used For Scoring Applicants For Consumer Credit, Joel Jolayemi, Linda Carr Jan 2006

Comprehensive Audit Of The Criteria Used For Scoring Applicants For Consumer Credit, Joel Jolayemi, Linda Carr

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

This paper presents a comprehensive audit of the criteria used for scoring applicants for consumer credit. The audit consists of two parts: the first part focuses on the criteria used in customized models, while the second part deals with those used in Fair-Isaac and Co (FICO) or generic models. This paper shows that most of the sets of criteria variables used in lending institutions and in literature are poorly selected and poorly defined.


Effect Of Outcome Knowledge On Repeated Performance Evaluations, Russell Calk, Maryanne Mowen Jan 2006

Effect Of Outcome Knowledge On Repeated Performance Evaluations, Russell Calk, Maryanne Mowen

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Outcome information has been shown to have a significant impact on performance evaluations in a wide variety of decision settings. Studies of outcome effects on performance evaluation typically examine a one-time decision. Often, however, managers must repeatedly evaluate performance. This study examines how outcome information affects the revision of multiple performance evaluations over time. The results have important implications for research into the sensitivity of evaluators to the sequence of the receipt of positive and negative information. Implications of these results for performance evaluation in multiple areas of business are discussed.


Board Composition And Control: An Exploratory Analysis Of Organizational Crisis And Prevention, William Donoher Jan 2006

Board Composition And Control: An Exploratory Analysis Of Organizational Crisis And Prevention, William Donoher

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Despite extensive scholarship on the subject of board control, the scandals of recent years suggest the need to revisit our assumptions - and our theories - regarding alternative board control mechanisms. This study uses an exploratory factor analysis comparing firms that successfully or unsuccessfully avoided governance failure and the onset of crisis to assess the consistency of board structures. Results indicate that there is some consistency among the successful firms, but that in genera/no common structural form can be linked to either success or failure. Thus, general rules cannot be relied upon, and a context specific approach to governance should …


Impact Of Subordinate Threats On Leaders' Pay Allocation Decisions, Mark Fulford Jan 2006

Impact Of Subordinate Threats On Leaders' Pay Allocation Decisions, Mark Fulford

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

In many different context within organizations today, attempts are made by direct reports to influence the decisions of their leaders. In no context does the resulting decision hit closer to home for a direct report than those related to the allocation of pay raises. Under what conditions are attempts by direct reports to influence their leaders' pay allocation decisions most effective? Wit at effect does a threat by the subordinate have on the leader's decision? Does the severity of the threat used matter? In an attempt to answer these questions, a study was conducted of leaders' pay allocation decisions under …


Treachery And Betrayal- An Analysis Of The Modern Fiduciary Behavior Of Corporate Directors And Management- The Need For Schooling In The Business Ethics Of Tomorrow, Gregory Huckabee Jan 2006

Treachery And Betrayal- An Analysis Of The Modern Fiduciary Behavior Of Corporate Directors And Management- The Need For Schooling In The Business Ethics Of Tomorrow, Gregory Huckabee

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

This article examines the fiduciary relationship between corporate officers and directors, and the shareholders they serve. In recent years, the breakdown of the fiduciary relationship and the failure of the corporate model have received much attention, as the headlines of Wall Street's endless fiduciary scandals adequately illustrate. What is the root of this failure, and what, if anything, are the remedies? Case analysis will demonstrate the pandemic problem involving fiduciary responsibility, demonstrating the need for reform. This review will identify systemic corporate fiduciary weaknesses and underlying causes. Recommendations for change to alleviate fiduciary failure will be discussed, with focus placed …


Effective Use Of Computer-Based Instruction And Assessment, Gladys Swindler Jan 2006

Effective Use Of Computer-Based Instruction And Assessment, Gladys Swindler

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Advancing technology, increased emphasis on computer curricula, tech-savvy students, and shrinking budgets indicate that it is time to address the pedagogical issues of the introductory computing course. This study investigates the feasibility of using a hybrid instructional model of computer-based instruction with minimal classroom interaction when teaching an introductory computing course at a college or university. ANOVA reveals that computer-based instruction with minimal classroom interaction is as effective as a traditional model of lecture and hands-on instruction. Computer-based instruction provides a means to enrich students' teaming experiences, maximize faculty productivity, and effectively manage scarce resources.


Assessing Student Entrepreneurial Capacity: Implications For Rural Communities And Higher Education, Mary C. Martin Ph.D., Henry Schwaller Mba Jan 2006

Assessing Student Entrepreneurial Capacity: Implications For Rural Communities And Higher Education, Mary C. Martin Ph.D., Henry Schwaller Mba

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

During the 1990s, the U.S. experienced a shift in job creation: large U.S. businesses laid off approximately 10 million workers, while entrepreneurs and small businesses created 20 million jobs during the same decade. Given this shift in job creation, it is clear that entrepreneurship is the new foundation of the U.S. economy. Rural communities, in particular, should be concerned about stimulating entrepreneurship given current challenges, such as declining and aging populations, loss of traditional industry, and declining wages. Entrepreneurial development is vital to the future success and growth of rural economies. The purpose of this study is to report the …


Role Of Implicit Personality Theory In Leadership Research, Lawrence Silver, Debbie Silver Jan 2006

Role Of Implicit Personality Theory In Leadership Research, Lawrence Silver, Debbie Silver

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Implicit personality theory explains how individuals interpret the world around them including the events they experience and observe. Research in social and educational psychology indicates that one's implicit personality theory influences the extent to which one makes judgments about ability regarding the self and others. While some researchers have begun to apply the concept to organizational studies, this paper explains the value of extending that research into three areas important to leaders: (1) employee evaluation, (2) managerial feedback, and (3) work motivation.


Outside The Lines: Exploring Student Use Of Web-Based Vicarious Learning About Financial Markets, Matthew Ford Jan 2006

Outside The Lines: Exploring Student Use Of Web-Based Vicarious Learning About Financial Markets, Matthew Ford

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

This study considers web-based expert commentary as a mechanism for college student learning about financial markets. Social cognitive theory suggests that students may team vicariously by observing the thought processes expressed in the writings of well chosen web-based role models and adopting similar patterns of thought over time. An exploratory study using undergraduate business school students investigated the change in measures of financial market awareness after exposure to web-based commentary. Significant learning effects were evident, particularly when exposure was augmented by structure that guided the learning experience. Although more research is required, these findings suggest the utility of web-based expert …


Overcoming The Challenges Of Establishing A Student-Managed Fixed Income Fund, David Krause Jan 2006

Overcoming The Challenges Of Establishing A Student-Managed Fixed Income Fund, David Krause

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Student-managed funds (SMFs) offer unique educational opportunities. In a typical SMF, students select common stocks and manage a real portfolio, gaining practical money management experience. Until recently, establishing a fixed income SMF has been unworkable for most academic institutions. Fixed income exchange traded funds (ETFs) are relatively new financial offerings that allow non-institutional investors the ability to trade shares of an entire bond portfolio as a single security. By combining different ETFs into a fund of funds, it is possible for students to implement various bond portfolio management strategies - a valuable learning opportunity previously unavailable to most business students.


Impact Of Securitized Real Estate On Portfolio Performance Under Alternative Market Conditions, Marcus Allen, Kenneth Wiant Jan 2006

Impact Of Securitized Real Estate On Portfolio Performance Under Alternative Market Conditions, Marcus Allen, Kenneth Wiant

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

This study considers the impact of adding real estate investment trust (REIT) stocks to stock portfolios in varying proportions under different economic conditions. To the extent real estate offers diversification benefits to stock market investors, REITs may serve as a practical alterative to the relatively high trading costs of direct equity positions in real estate investments. The results suggest that the inclusion of securitized real estate enhances portfolio performance during positive economic climates, but diminishes portfolio performance during negative economic climates.


Escalating Commitment To Failing Financial Decisions: Why Does It Occur?, John Morgan, James Hansen Jan 2006

Escalating Commitment To Failing Financial Decisions: Why Does It Occur?, John Morgan, James Hansen

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Research indicates inappropriate escalation of commitment to apparently failing decisions occurs in many areas of life. Examples include doubling-up blackjack bets to recover losses, the too lengthy Vietnam War debacle, and the tendency to continue with financial investments long after they appear to be failing. What motivates such behavior? Two theories presently compete as major explanations for this behavior: the self-justification theory and the prospect theory. This paper compares the two theories to determine which theory better predicts escalation behaviors within au un-confounded and unambiguous context. The research is motivated by the belief that understanding why people escalate is prerequisite …


About Synergy And Dissynergy: Change, Strategic And Chaotic Decision Choices, And Resultant Outcomes, Chris Crawford Jan 2006

About Synergy And Dissynergy: Change, Strategic And Chaotic Decision Choices, And Resultant Outcomes, Chris Crawford

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Change occurs at a rate quicker than most organizations can strategically respond. In fact, like any gambler, decision making in the current business environment is little more than playing the odds in some cases. Nonetheless, organizations attempting to succeed must try to minimize the chaotic element of decision making through the introduction of strategic thinking. Moving toward strategic thought can sometimes propel organizations into a synergistic spiral of decision making - where one decision reveals further opportunities. Likewise, organizations that fail to prepare for the chaotic will find themselves falling into a dissynergistic spiral where failure breeds even more failure. …


Polychronic Leader: What Would Leadership Research Look Like If We Considered Polychronicity?, David Palmer Jan 2006

Polychronic Leader: What Would Leadership Research Look Like If We Considered Polychronicity?, David Palmer

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

This paper proposes that research in the area of leadership would be enriched and enhanced by the explicit consideration of temporal variables, specifically polychronicity. Effective leadership involves engagement with multiple tasks, activities, and constituencies, often simultaneously. As a construct concerned with multiple task engagement and time use preferences, polychronicity is ideally situated to inform future research studies conducted to investigate a variety of extant leadership theories and traditions.


In-Process R&D (Iprd) Write-Off Misclassifications In Compustat: An Econometric Evaluation, Lolita Paff Jan 2006

In-Process R&D (Iprd) Write-Off Misclassifications In Compustat: An Econometric Evaluation, Lolita Paff

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Over the period 1994-1999, for a sample of 57 firms, in-process research and development (IPRD) costs write-offs were reported in the 10-Ks of approximately 12% of the observations. The IPRD amounts ranged from $230,000 to over $16 7 million. In 38% of these cases, Compustat overstated R&D expense by including the IPRD write-off Comparative econometric estimates obtained show larger parameter coefficients when the Compustat's R&D expense data was used. This suggests prior research on R&D tax credit effectiveness based on Compustat data may have been upwardly biased, overstating the tax credit's incentive effects. Policy implications and directions for future research …


American Social Contract: Retirement, Insurance And Financial Viability, Hedayeh Samavati, Carolyn Stumph, David Dilts Jan 2006

American Social Contract: Retirement, Insurance And Financial Viability, Hedayeh Samavati, Carolyn Stumph, David Dilts

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Since the election of 2004, one burning question has dominated any discussion of the long-term macroeconomic policy of this country. That question is: "will social security remain viable in its current form?" Economists weigh in on a spectrum that ranges from the opinion that social security is not in any trouble to the opinion that social security payments are in immediate peril. This research indicates that, while relatively minor changes of the type the country has undertaken for the last two decades may be necessary, social security is by no means in what any intelligent analyst would consider peril.


Using Spreadsheet-Based Simulation To Evaluate The Fairness Of The Usga Golf Handicap Index, Andrew Tiger, Kashif Ur-Rehman, Chandra Hurst Jan 2006

Using Spreadsheet-Based Simulation To Evaluate The Fairness Of The Usga Golf Handicap Index, Andrew Tiger, Kashif Ur-Rehman, Chandra Hurst

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Using spreadsheet-based simulation, the USGA Handicap Index was shown to be an unfair statistic in one-on-one and team competition in two common types of scoring: stroke and match play. Experiments were developed in which players of different abilities (based on central tendency and variation) competed against each other over many trials. The results showed that in some situations, based on identifiable differences in abilities, some players won/lost a disproportionate (unfair) number of times. The causes of unfairness are different in one-on-one and team play. Alternative procedures were proposed that proved to reduce the unfairness of the index.


Structure Of Organizational Values: An Action Science Perspective, Aaron Buchko Jan 2006

Structure Of Organizational Values: An Action Science Perspective, Aaron Buchko

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

This research examines the values statements of 327 organizations to identify the core values concepts or words that are used by firms to define the fundamental belief systems of the enterprise. One hundred and ten unique words or concepts were identified. Using au action science methodology, 78 practicing managers sorted these words into a classification scheme that resulted in 13 distinct categories of organization values that can be viewed as meta-values or core concepts of organizations.


Personality Approach To Person-Organization Fit: Applying Holland's Theory Of Vocational Choice At The Organizational Level, G. Stoney Alder Jan 2006

Personality Approach To Person-Organization Fit: Applying Holland's Theory Of Vocational Choice At The Organizational Level, G. Stoney Alder

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Researchers frequently recommend that organizations consider person-organization fit when making hiring decisions. The purpose of this paper is three fold. First, the paper provides a review of existing research on person-organization fit. This review concludes that several limitations hinder the usefulness of current approaches to person-organization fit. Second, this paper seeks to address these limitations through a conceptual analysis that integrates research on vocational choice with person-organization fit research. The result is an approach to person-organization fit that may be more readily applied by organizations. Finally, the paper suggests a process for empirically testing the proposed approach to person-organization fit.


International Business Education And Practices: Chinese "Sea Turtles" And Economic Development, David Pan, Jon Shapiro Jan 2006

International Business Education And Practices: Chinese "Sea Turtles" And Economic Development, David Pan, Jon Shapiro

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

China's rapid economic growth has created a demand for professionals of international competence. Many Chinese go overseas studying and repatriate for this job market. However, expatriates with little job experience are often unemployed for an extended period unless they lower their expectations in coastal cities where economy is vibrant, while few go to inland regions of lesser developed. Thus, expatriates as "Sea Turtles" become "Sea Weeds." This paper addresses the issues determining this transformation by differential economic development. We discuss the current status of expatriate employability and emergent need in China, and also make policy and strategy suggestions.


Employee Retirement Education Programs: An Important Part Of Corporate Social Responsibility, Tim Reisenwitz, Lauren Skinner, Leonard Weld Jan 2006

Employee Retirement Education Programs: An Important Part Of Corporate Social Responsibility, Tim Reisenwitz, Lauren Skinner, Leonard Weld

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Corporate social responsibility (CSR) is becoming increasingly important to organizations wishing to create a sustainable competitive advantage by attracting quality employees. The focus of this paper is to offer a framework for organizations to create CSR internally using relationship marketing principles. The framework for this propositional development is employee retirement options. The authors discuss the decline of the defined benefit pension plan, the increase in 401 (k) retirement plans, and the issues facing employees. Suggestions are offered regarding how organizations can create employee loyalty and improve corporate social responsibility within their organization by educating employees on their various retirement options.


Determinants Of Managerial Career Attainment: Student Perceptions And Organizational Realities, Amy Hurley-Hanson, Cristina Giannantonio, Jeffrey Sonnenfeld Jan 2006

Determinants Of Managerial Career Attainment: Student Perceptions And Organizational Realities, Amy Hurley-Hanson, Cristina Giannantonio, Jeffrey Sonnenfeld

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

This study explored the perceptions of managerial career attainment of graduating MBA students and compared them to previous research on the actual determinants of career attainment. Results suggest that students did seem to have a good grasp of which determinants are important to managerial career attainment. Business school faculty are encouraged to prepare MBA students for the organizational realities that they will likely experience during their careers.


2007 Symposium Announcement Jan 2006

2007 Symposium Announcement

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

No abstract provided.


In Lean Production: Semantics Matters, Bryant Mitchell, Jeffrey Vistad, Lawrence Fredendall Jan 2006

In Lean Production: Semantics Matters, Bryant Mitchell, Jeffrey Vistad, Lawrence Fredendall

Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012)

Manufacturing, Planning, and Control (MPC) systems are commonly categorized as either push or pull production systems. The most common example of a push system ref erred to is a MRP system, while the example of a pull system most commonly ref erred to is JIT, or more specifically a Kanban system (Sawaya et al, 1992). We have found that the use of this terminology regarding different forms of MPC systems can be confusing to the novice as well as the more experienced management practitioner or researcher. In this paper, we make an argument for the importance of using more precise …