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Articles 1 - 29 of 29
Full-Text Articles in Business
A Peek Into The New Korea: Will The Hermit Crab Come Out Of Its Shell?, Knowledge@Smu
A Peek Into The New Korea: Will The Hermit Crab Come Out Of Its Shell?, Knowledge@Smu
Knowledge@SMU
South Korea's economic and industrial rise over the past decade has been a subject of envy. Here is a country that has gone from being 'the one with the fermented vegetables' to the high-tech gadget innovation hub that it is today. Samsung and LG have attained worldly status, with consumer electronics that can give the big old boys from across the Sea of Japan a good run for their money. Yet, despite its success, the country remains mired in much of its painful past – from the divide between the former kingdoms of Silla, Baekje and Goguryeo to the North-South …
Leeden's Transformation: Giving Prominence To A Lesser Known Industry, Knowledge@Smu
Leeden's Transformation: Giving Prominence To A Lesser Known Industry, Knowledge@Smu
Knowledge@SMU
When Steven Tham took the helm at Leeden Limited, a local welding, gas and safety company, he had the unenviable task of making some decisions that would ultimately close some operations and displace employees. However, within a decade, not only did he turn the company around, he grew its revenue by a whopping ten times. All of it would not be possible without a systematic expansion strategy, and a keen eye on the market, he told an audience at SMU's Wee Kim Wee Centre.
Managing Social Media: An Exercise In Managing Organisations, Knowledge@Smu
Managing Social Media: An Exercise In Managing Organisations, Knowledge@Smu
Knowledge@SMU
Managing corporate reputation used to be an exercise in managing information flow and building relationships with the media power brokers. But in the world of social media, where just about anybody has the power and ability to produce and publish instantaneously, the very idea of controlling information and public sentiment may seem more like an exercise in futility. Unlike traditional media, there are no professional codes of conduct ruling over online comments, tweets or blog posts. Anything goes! The task is made even trickier with the need to manage senior business leaders who, brought up in a different era, may …
The Impact Of Firm Strategy And Foreign Ownership On Executive Bonus Compensation In Japanese Firms, Toru Yoshikawa, Abdul A. Rasheed, Esther B. Del Brio
The Impact Of Firm Strategy And Foreign Ownership On Executive Bonus Compensation In Japanese Firms, Toru Yoshikawa, Abdul A. Rasheed, Esther B. Del Brio
Research Collection Lee Kong Chian School Of Business
Building on information-processing perspectives and the Japanese contextual factors, this study investigates the relationships between firm strategy and executive bonus pay as well as the moderating role of foreign ownership on the strategy–compensation relationship in Japanese firms. We focus on R&D investment and product diversification as strategy variables and investigate their direct effects on executive bonus pay. Further, we examine the moderating effects of foreign ownership on the strategy–pay sensitivity. The results, based on a sample of the 148 largest industrial firms in Japan for the 1990–1997 period, show that both R&D investment and product diversification are positively related to …
International Business Travel In The Global Economy, J.V. Beaverstock, B. Derudder, J. Faulconbridge, F. Witlox (Eds.), Terence Ping Ching Fan
International Business Travel In The Global Economy, J.V. Beaverstock, B. Derudder, J. Faulconbridge, F. Witlox (Eds.), Terence Ping Ching Fan
Research Collection Lee Kong Chian School Of Business
Business travel accounts for a disproportionately large share of revenue and profit to transport service providers, and is therefore an important topic. However, few studies on international travels focus squarely on business travellers because these individuals are inherently difficult to identify: they do not always travel in business cabins (p. 79) and it is increasingly difficult to quantify the duration and function of business trips as travellers build in extra time to allow for flight delays or for other leisure activities (p. 69). Scholars of transport studies, especially air transport specialists, geographers, sociologists, and to a lesser extent, marketers of …
The Growing Giant: How Samsung Electronics Got Its Appetite, Knowledge@Smu
The Growing Giant: How Samsung Electronics Got Its Appetite, Knowledge@Smu
Knowledge@SMU
Samsung Electronics, one of the biggest brands in consumer electronics today, was once seen as a low-quality producer of knock-offs. Yet, under the controversial leadership of its founding Lee family and plenty of nudging from a helpful South Korean government, the company has defied conventional growth patterns of large companies, made itself a critical player in the semiconductor industry, overshadowed fellow Korean companies, provided cause for anxiety amongst overseas competitors, and won over the hearts and wallets of finicky consumers all over the world.
Rethinking Growth: Differential Impact Of Large Absolute Vs Relative Expansion In De Novo Ventures, Terence Ping Ching Fan
Rethinking Growth: Differential Impact Of Large Absolute Vs Relative Expansion In De Novo Ventures, Terence Ping Ching Fan
Research Collection Lee Kong Chian School Of Business
By considering how in many industries an augmentation in production capacity is necessary to bring about significant growth in sales or eventual profit, this study adds an important footnote to prevailing theories of firm survival and competitiveness in strategic management. First, it distinguishes between attempts for new ventures to grow their production from the outcome of their expansions. Second, this study delineates the role of large absolute versus relative growths in production and their differential implications on young, de novo ventures: the former being conducive to firm survival while the latter being detrimental to it. This prediction is supported empirically …
The Real Knowledge Transfer, Stefano Harney
The Real Knowledge Transfer, Stefano Harney
Research Collection Lee Kong Chian School Of Business
In Britain, knowledge transfer (KT) is taking a new turn. As a university policy, KT emphasized intellectual property rights. The dream of the managers of the university was to patent knowledge produced in university departments, laboratories, and lecture halls. This new proprietary knowledge would then either earn rent from the private sector, and in some cases the public sector, or lead to the founding of new private firms, owned in part by the university, the so-called spin-off.
China's Innovation Landscape, Kenneth G. Huang
China's Innovation Landscape, Kenneth G. Huang
Research Collection Lee Kong Chian School Of Business
The People's Republic of China has experienced three decades of sustained, strong annual economic growth as it transitions from a centrally planned economy to a free market. Currently the world's second largest economy, China recognizes scientific and technological innovation as an increasingly important strategy to fuel the next phase of its productivity growth. However, the drivers and trajectories of China's scientific and technological growth remain under-investigated. To understand elements of China's innovative activities, particularly in science and technology, an analysis of comprehensive patent data provided by the State Intellectual Property Office (SIPO) of China is presented here.
Changing Business Practices In A World Of Emerging Economic Giants, Knowledge@Smu
Changing Business Practices In A World Of Emerging Economic Giants, Knowledge@Smu
Knowledge@SMU
It can sometimes seem as if there is an overemphasis on Asia's two economic powerhouses. But while few people would dispute these manufacturing capitals' knack for delivering good value for money, very little attention has been given to the countries' capacity to innovate and market. Today, blueprints and concepts are often seen as domain of those 'advanced economies', whilst 'emerging economies' are habitually discounted as engines of production. Such notions are quickly being displaced as businesses and consumers of China and India exert their influence on the rest of the world.
Exploiting Metaheuristics To Strategize On Performance-Based Logistics Contracts For Mro Services, Arnd Schirrmann, Elaine Wong, Zhichao Zheng
Exploiting Metaheuristics To Strategize On Performance-Based Logistics Contracts For Mro Services, Arnd Schirrmann, Elaine Wong, Zhichao Zheng
Research Collection Lee Kong Chian School Of Business
An inherent challenge of using Performance-Based Logistics (PBL) contracts for aircraftmaintenance, repair and overhaul (MRO) services is pricing. As with traditional bricks andmortar services, under-priced contracts cannot cover costs, while overpriced contracts loseout to competition. Furthermore MRO services have an additional element of uncertainty.Performance uncertainties arise due to the inability to accurately forecast demand of spareparts, while cost uncertainties are a result of globally distributed operations subjected tofluctuating economic conditions. Previous work to solve this contracting problem adoptedthe principal-agent model, obtaining an optimal solution from the perspective of both riskaverseparties (i.e., a price-sensitive customer and a profit-driven service provider). Thiswork …
The Upstart's Assault, Marco Bertini, Nirmalya Kumar
The Upstart's Assault, Marco Bertini, Nirmalya Kumar
Research Collection Lee Kong Chian School Of Business
The article presents a fictional case study that focuses on how to manage competition in the telecommunication services industry. The issue is that one company could lose customers and market share because another company is offering free broadband. Georg Tacke, co-chief executive officer of Simon-Kucher & Partners company, and Anne Gro Gulla, a branding director at Telenor Group company, offer their views on how to respond to a competitive attack without causing a price war.
East Side Story: Lessons From Japan's Business Leaders, Knowledge@Smu
East Side Story: Lessons From Japan's Business Leaders, Knowledge@Smu
Knowledge@SMU
Japan's phenomenal post-war transformation into a high-tech nation of vending machines, electric toilets and 24-hour convenience stores, has been the envy of most developed nations. Where, in the past, the country would look towards America, with the import of Western goods, services and business philosophy, Japan has recently taken a turn towards that of self-discovery. In the book, Rediscovering Japanese Business Leadership, author Yozo Hasegawa examines how some of Japan's leading brands, like Nintendo, Uniqlo and Canon, have weathered, quite stealthily, the recent global financial meltdown, and he makes a case for why more Japanese companies are returning to home-grown …
Do Shareholders Or Stakeholders Appropriate The Rents From Corporate Diversification? The Influence Of Ownership Structure, Parthiban David, Jonathan P. O'Brien, Toru Yoshikawa, Andrew Delios
Do Shareholders Or Stakeholders Appropriate The Rents From Corporate Diversification? The Influence Of Ownership Structure, Parthiban David, Jonathan P. O'Brien, Toru Yoshikawa, Andrew Delios
Research Collection Lee Kong Chian School Of Business
Prior work on the performance consequences of corporate diversification has treated all powerful owners as seeking the same benefits from diversification (i.e, higher profit rather than growth) and therefore limiting value appropriation by other stakeholders such as employees and managers. In contrast, we distinguish between domestic "relational" owners and foreign "transactional" owners in Japanese corporations. Although transactional owners do indeed prioritize profitability when diversifying, relational owners primarily seek growth rather than profits from diversification. Furthermore, relational owners also allow managers and employees to appropriate more of the rents arising from diversification than do transactional owners.
Growth And Survival Of International Joint Ventures: An External-Internal Legitimacy Perspective, Jane W. Lu, Dean Xu
Growth And Survival Of International Joint Ventures: An External-Internal Legitimacy Perspective, Jane W. Lu, Dean Xu
Research Collection Lee Kong Chian School Of Business
The authors examine the growth and survival of international joint ventures (IJVs) from a legitimacy perspective. In a sample of 291 Sino-Japanese joint ventures in China, they found that Chinese parent age, Chinese parent size, and IJV industry relatedness to either parent had a positive effect on IJV growth and/or survival. However, IJV industry relatedness to both parents led to lower rates of IJV growth and survival. The findings highlight the importance for IJVs to obtain both external and internal legitimacy, as well as the difficulties IJVs face in acquiring internal legitimacy from both parents simultaneously.
Entrepreneurial Experiments In Science Policy: Analyzing The Human Genome Project, Kenneth G. Huang, Fiona E. Murray
Entrepreneurial Experiments In Science Policy: Analyzing The Human Genome Project, Kenneth G. Huang, Fiona E. Murray
Research Collection Lee Kong Chian School Of Business
We re-conceptualize the role of science policy makers, envisioning and illustrating their move from being simple investors in scientific projects to entrepreneurs who create the conditions for entrepreneurial experiments and initiate them. We argue that reframing science policy around the notion of conducting entrepreneurial experiments – experiments that increase the diversity of technical, organizational and institutional arrangements in which scientific research is conducted – can provide policy makers with a wider repertoire of effective interventions. To illustrate the power of this approach, we analyze the Human Genome Project (HGP) as a set of successful, entrepreneurial experiments in organizational and institutional …
Developing Virtual Worlds: The Interplay Of Design, Communities And Rationality, F. Ted Tschang, Jordi Comas
Developing Virtual Worlds: The Interplay Of Design, Communities And Rationality, F. Ted Tschang, Jordi Comas
Research Collection Lee Kong Chian School Of Business
This paper examines the evolution of virtual worlds from the developer's perspective. What are the motivations of developers? What are the specific challenges of the governance of user-generated content? User-created virtual worlds may be characterized according to their degree of design or emergence. On one end is the 'the designer as god' perspective and on the other is the unforeseeable and perpetually emergent 'user creativity.' Utilizing a theoretically derived sample of virtual worlds, we illustrate how governance is more complex as designers contend with three major issues. In general, across all three worlds, developers had to come to grips with …
Creative Industries Debate: Unfinished Business: Labour, Management, And The Creative Industries, Stefano Harney
Creative Industries Debate: Unfinished Business: Labour, Management, And The Creative Industries, Stefano Harney
Research Collection Lee Kong Chian School Of Business
In what follows I am going to argue that the rise of the creative industries has in general been understood too narrowly. This narrow understanding has had implications for the way that a politics of management and labour in the creative industries has been framed and contained, and it has held back an analysis of class struggle in the creative industries. To elaborate an understanding of labour in the creative industries I am going to revisit some insights related to the development of British cultural studies, and try to link these insights to what Stuart Hall calls the conditions of …
Emotion Management In Radical Change: A Preliminary Study Of Earthquake Power Restoration, Taieb Hafsi, Xu Liang, Wenjing Lin, Kangxiong Yu, Li Yan
Emotion Management In Radical Change: A Preliminary Study Of Earthquake Power Restoration, Taieb Hafsi, Xu Liang, Wenjing Lin, Kangxiong Yu, Li Yan
Research Collection Lee Kong Chian School Of Business
This paper studies leaders’ emotion capacity as a strategic response to unexpected radical changes, forced by a social and natural crisis. We propose that empathy is a critical strategic management tool enhancing management effectiveness. We also provide insights of the dynamics between decision making process and emotion management.
Drucker’S Centennial: Celebrating His Legacy And Dissecting His Relevance, Knowledge@Smu
Drucker’S Centennial: Celebrating His Legacy And Dissecting His Relevance, Knowledge@Smu
Knowledge@SMU
Peter Drucker passed away in 2005. So far, despite the proliferation of management consultancy and education, there has yet been a bigger name than his. This is not surprising, for Drucker is the man who created this field. Today, the term which Drucker coined, the “knowledge worker”, remains more relevant than before. Robert Swaim, Drucker’s disciple and colleague, distils the guru’s key thoughts and ideas, identifies certain gaps into the book, The Strategic Drucker: Growth strategies and marketing insights from the works of Peter Drucker.
Local Coordination Under Bounded Rationality: Coase Meets Simon, Finds Hayek, C. Jason Woodard
Local Coordination Under Bounded Rationality: Coase Meets Simon, Finds Hayek, C. Jason Woodard
Research Collection School Of Computing and Information Systems
This paper explores strategic behavior in a network of firms using an agent-based model. The model exhibits a tension between economic efficiency and the stability of the network in the face of incentives to change its configuration. This tension is to be expected because the conditions of the Coase theorem are violated: the boundedly rational firms in the model lack the ability to discover efficient network configurations or achieve them through collective action. In computational experiments, as predicted by theory, firms frequently became locked into inefficient outcomes or endless cycles of mutual frustration. However, simple institutional innovations such as property …
Family Control And Ownership Monitoring In Family-Controlled Firms In Japan, Toru Yoshikawa, Abdul A. Rasheed
Family Control And Ownership Monitoring In Family-Controlled Firms In Japan, Toru Yoshikawa, Abdul A. Rasheed
Research Collection Lee Kong Chian School Of Business
This paper focuses on a type of firms that have been traditionally neglected in both family business and governance research, namely, family-controlled, publicly-listed firms. Although principal-agent conflicts may be less prevalent in such firms, family control can potentially give rise to principal-principal conflicts, leading to expropriation of the wealth of minority owners by family owners. Superior firm performance and the willingness to distribute the profits through dividend payments would suggest the absence of such expropriation. Based on a sample of 210 OTC firms in Japan, we examined the relationships between family control and dividend payouts and profitability. Our results indicate …
Is Firm-Specific Innovation Associated With Greater Value Appropriation? The Roles Of Environmental Dynamism And Technological Diversity, Heli Wang, Wei-Ru Chen
Is Firm-Specific Innovation Associated With Greater Value Appropriation? The Roles Of Environmental Dynamism And Technological Diversity, Heli Wang, Wei-Ru Chen
Research Collection Lee Kong Chian School Of Business
This paper extends the resource-based theory of the firm to examine the contingencies that either intensify or reduce the relationship between firm-specific innovation and value appropriation. Based on a large-scale analysis of a sample of US manufacturing firms, we found that greater innovation rents appropriation is associated with an increase in firm specificity of its innovative knowledge. But the positive relationship between firm-specific innovations and firm value appropriation tends to decrease when the product or technology market is highly dynamic. Further, under high environmental dynamism, firms should increase the diversity in their knowledge composition in order to mitigate the risk …
The Outsourcing Of Creative Work And The Limits Of Capability: The Case Of The Philippines Animation Industry, Feichin Ted Tschang, Andrea Goldstein
The Outsourcing Of Creative Work And The Limits Of Capability: The Case Of The Philippines Animation Industry, Feichin Ted Tschang, Andrea Goldstein
Research Collection Lee Kong Chian School Of Business
The animation industry, like many information-technology-enabled services sectors, has been of interest to many developing countries interested in developing services outsourcing industries. We analyze the case of the Philippines' animation industry. This paper investigates the outsourcing process in animation and the nature of capabilities within that, with the goal of contributing to a more general understanding of services outsourcing. We examine the industry's history, interview data with industry participants, and secondary data. We find that strong labor force skills have been central to capabilities rather than organizational abilities. Outsourcing of production takes place only so far as the work is …
What’S In It For Them? Advantages Of Higher Status Partners In Exchange Relationships, Fabrizio Castellucci, Gokhan Ertug
What’S In It For Them? Advantages Of Higher Status Partners In Exchange Relationships, Fabrizio Castellucci, Gokhan Ertug
Research Collection Lee Kong Chian School Of Business
This article explores the motivations that high-status firms have to enter exchange relationships with lower-status partners. We argue that high-status firms can secure greater effort from lower-status partners and that the amount of effort will be proportional to their status advantage over these partners. We further propose that such effort will translate to increased performance by mediating the negative consequences of affiliations with lower-status partners. This increase in performance constitutes the motivation for high-status firms to enter exchange relationships with lower-status partners. Findings using data on Formula One racing support our argument.
Sourcing Reform Competency And Effective Collaboration: A Resource Based View, Sudhi Seshadri
Sourcing Reform Competency And Effective Collaboration: A Resource Based View, Sudhi Seshadri
Research Collection Lee Kong Chian School Of Business
Firms in the Asia Pacific region are rapidly globalizing their sourcing processes and effective collaboration with suppliers across borders is necessary for superior sourcing performance. Recent work in Resource Based View calls for business process level research into the resource-performance link and for survey research into global sourcing. We report on a survey research study with managers in the region, and develop measures that link practices to the goals of De-Constraining, Re-Branding and Re-Optimizing. We develop a model and test hypotheses based on predictions of RBV. We find that a latent sourcing resource Reform Competency is positively associated with these …
Accounting, Risk, And Revolution, Stefano Harney
Accounting, Risk, And Revolution, Stefano Harney
Research Collection Lee Kong Chian School Of Business
In response to the position of Steve Toms, this article argues that risk must be understood not as it has been posited by capital but rather as it might be taken up by labour. It uses Marx's socialization thesis to maintain that risk is a symptom of possibility for labour. Drawing on the work of Randy Martin the argument culminates in a consideration of the interanimation of capital in labour occasioned by the second helping of risk produced by its commoditisation. It concludes that far from being just what Michel Aglietta calls a social evaluation of private economic activity, risk …
Academic Entrepreneurs: The Role Of Star Scientists In Commercialization Of Radical Science, Reddi Kotha, Gerard George
Academic Entrepreneurs: The Role Of Star Scientists In Commercialization Of Radical Science, Reddi Kotha, Gerard George
Research Collection Lee Kong Chian School Of Business
We examine the effects of individual, team, and institutional capabilities on the governance of technology contracts. Star scientific teams may work on higher quality projects which may be of high or low risk, depending on the maturity of the technology. Arguments that assumed that both capabilities and risk are codetermined, and seldom diverge in their effects on incentive preferences, may be tenuous in these cases. We test our predictions using a two-stage model in a sample of 1,474 inventions that were licensed through performance or upfront contracts. We find that when individuals and teams have strong capabilities, they prefer performance …
Who Is Taking Your Business Across Borders? Harnessing Human Capital For Successful Regionalization In Asia, Richard Raymond Smith, C. Switzer, E. Craig
Who Is Taking Your Business Across Borders? Harnessing Human Capital For Successful Regionalization In Asia, Richard Raymond Smith, C. Switzer, E. Craig
Research Collection Lee Kong Chian School Of Business
As the dynamics of globalisation change, Asia has become the focal point for business growth. With the region’s immense diversity across cultures, language, politics, economic development, climate, geography, populations and resources, human capital management is perhaps the most critical and most vexing success factor for companies seeking to invest/operate/grow/expand here. To develop this report, we explored the question of successful regionalisation in Asia from a human capital perspective. We asked, What human capital challenges do business and HR leaders face in their quest to succeed in Asia? What initiatives have they launched to overcome these challenges? And what business outcomes …