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Singapore Management University

1999

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Articles 1 - 30 of 41

Full-Text Articles in Business

The Persistent Competitive Advantage Of Traditional Food Retailers In Asia: Wet Markets' Continued Dominance In Hong Kong, Arieh Goldman, Robert E. Krider, Seshan Ramaswami Dec 1999

The Persistent Competitive Advantage Of Traditional Food Retailers In Asia: Wet Markets' Continued Dominance In Hong Kong, Arieh Goldman, Robert E. Krider, Seshan Ramaswami

Research Collection Lee Kong Chian School Of Business

The focus of this article is the persistent continued strength of wet markets in Hong Kong and the weakness of supermarkets in the fresh food area. This phenomenon is surprising because, based on the experiences in North America and Western Europe and given the well-developed economy of Hong Kong, one would have expected supermarkets to dominate fresh food retailing and wet markets to be in retreat. In this article, the authors explain the reasons for the continued dominance of wet markets. They argue that consumers’shopping and consumption culture, the effectiveness of wet markets in handling consumers’needs, and the appropriateness of …

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A Different Look At Assessment Centers: Views Of Assessment Center Users, Filip Lievens, Hans Goemaere Dec 1999

A Different Look At Assessment Centers: Views Of Assessment Center Users, Filip Lievens, Hans Goemaere

Research Collection Lee Kong Chian School Of Business

This study aims to shed light on possible problems of assessment center users and designers when developing and implementing assessment centers. Semi-structured interviews with a representative sample of assessment center users in Flanders revealed that, besides a large variability in assessment center practice, practitioners experience problems with dimension selection and definition, exercise design, line/staff managers as assessors, distinguishing between observation and evaluation, and with the content of assessor training programs. Solutions for these problems are suggested.

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On Business Education In Singapore: The Past, The Present And The Future, Teck Meng Tan, Kwong Sin Leong, Yang Hoong Pang Dec 1999

On Business Education In Singapore: The Past, The Present And The Future, Teck Meng Tan, Kwong Sin Leong, Yang Hoong Pang

Research Collection School Of Accountancy

Examines the developments in business education in Singapore and directions for its development. Post-graduate programs; Status of management education at universities; Broadening of education in Singapore universities.

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The Multi– Mode Resource– Constrained Project Scheduling Problem With Generalized Precedence Relations, Bert De Reyck, Willy Herroelen Dec 1999

The Multi– Mode Resource– Constrained Project Scheduling Problem With Generalized Precedence Relations, Bert De Reyck, Willy Herroelen

Research Collection Lee Kong Chian School Of Business

In this paper, we tackle the challenging problem of scheduling activities to minimize the project duration, in which the activities (a) are subject to generalized precedence relations, (b) require units of multiple renewable, non-renewable and doubly constrained resources for which a limited availability is imposed, and (c) can be performed in one of several different ways, reflected in multiple activity scenarios or modes. These multiple modes give rise to several kinds of tradeoffs (time/resource, time/cost and resource/resource trade-offs) which allow for a more effcient allocation and use of resources. We present a local search-based solution methodology which is able to …

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From Austria To The United States And From Evaluating Therapists To Developing Cognitive Resources Theory: An Interview With Fred Fiedler, Robert Hooijberg, Jaepil Choi Dec 1999

From Austria To The United States And From Evaluating Therapists To Developing Cognitive Resources Theory: An Interview With Fred Fiedler, Robert Hooijberg, Jaepil Choi

Research Collection Lee Kong Chian School Of Business

Interviews Fred Fiedler, researcher on the field of leadership as part of a study that aims to obtain a sense of researchers' personality, research ideas and insights on the state of the field. Personal and professional background; Fiedler's research program; Leadership studies trends; Accomplishments in research; Contributions to the study of leadership.

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Organizing Culture: Leader Roles, Behaviors, And Reinforcement Mechanisms, Gerard George, Randall G. Sleeth, Mark A. Siders Dec 1999

Organizing Culture: Leader Roles, Behaviors, And Reinforcement Mechanisms, Gerard George, Randall G. Sleeth, Mark A. Siders

Research Collection Lee Kong Chian School Of Business

Organizational leaders provide the primary impetus in defining, forming and shaping corporate culture. Leadership literature emphasizes on the leader's role in "articulating a vision" and the leader's pivotal role in establishing culture by setting objectives and then removing hurdles by smoothing the path for attaining those objectives. The model of corporate culture transmission focuses on behaviors that corporate leaders employ to create, communicate and manage corporate culture. However, the model does not emphasize interpretation and identification with leader behaviors in ways that would cause members to embrace the leader's values and beliefs. Improved focus over two decades does not yet …

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An Investigation Of Price Discovery In Informationally-Linked Markets: Equity Trading In Malaysia And Singapore, David K. Ding, Frederick H. Harris, Sie Ting Lau, Thomas H. Mclnish Nov 1999

An Investigation Of Price Discovery In Informationally-Linked Markets: Equity Trading In Malaysia And Singapore, David K. Ding, Frederick H. Harris, Sie Ting Lau, Thomas H. Mclnish

Research Collection Lee Kong Chian School Of Business

Using transactions data for the Kuala Lumpur Stock Exchange and the Stock Exchange of Singapore (SES) for a major Malaysian conglomerate, Sime Darby Berhad, and intraday exchange rate data, we investigate whether and to what extent each exchange contributes to price discovery. Results indicate that the price series are cointegrated. The raw data appear to indicate the presence of arbitrage opportunities, but none exist after taking exchange rate changes into account. Using the common long-memory factors of Gonzalo and Granger (1995, Journal of Business and Economic Statistics 13, 1-9), we show that while the majority of the price discovery (approximately …

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Marketing, Business Processes, And Shareholder Value: An Organizationally Embedded View Of Marketing Activities And The Discipline Of Marketing, Rajendra Kumar Srivastava, Tasadduq A. Shervani, Liam Fahey Oct 1999

Marketing, Business Processes, And Shareholder Value: An Organizationally Embedded View Of Marketing Activities And The Discipline Of Marketing, Rajendra Kumar Srivastava, Tasadduq A. Shervani, Liam Fahey

Research Collection Lee Kong Chian School Of Business

The authors develop a framework for understanding the integration of marketing with business processes and shareholder value. The framework redefines marketing phenomena as embedded in three core business processes that generate value for customers-product development management, supply chain management, and customer relationship management-which in turn creates shareholder value. Such a conceptualization of marketing has the potential to introduce dramatic shifts in the scope, content, and influence of marketing in the organization. The authors highlight the implications of an organizationally embedded view of marketing for the future of marketing theory and practice.

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Using Strategic Partnerships To Create A Sustainable Competitive Position For Hi-Tech Start-Up Firms, Arnoud De Meyer Oct 1999

Using Strategic Partnerships To Create A Sustainable Competitive Position For Hi-Tech Start-Up Firms, Arnoud De Meyer

Research Collection Lee Kong Chian School Of Business

In most cases these companies chose or were forced to engage in a technology partnership in order to develop and survive. As one would expect, some of these partnerships succeeded whilst others failed. With hindsight it occurred to the author that success or failure was not necessarily a random event, or idiosyncratic to one particular company, but that there seemed to be a pattern. Some partnerships failed because they were a strategic misfit, others probably because they were badly implemented. Based on these clinical case studies, The author addresses these questions: when and under what conditions a partnership is needed; …

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Manufacturing Strategy And New Venture Performance: A Comparison Of Independent And Corporate Ventures In The Biotechnology Industry, Shaker A. Zahra, Gerard George Sep 1999

Manufacturing Strategy And New Venture Performance: A Comparison Of Independent And Corporate Ventures In The Biotechnology Industry, Shaker A. Zahra, Gerard George

Research Collection Lee Kong Chian School Of Business

Little empirical research has compared the manufacturing strategies of corporate and independent new ventures. This study explores these differences with data from the young, science-based biotechnology industry, and examines the performance effects of manufacturing strategy variables including scope, competitive thrust, and capabilities. The results show that the corporate and independent biotechnology new ventures pursue significantly different manufacturing strategies, and that different dimensions of manufacturing strategies affect the performance of corporate vs. independent ventures quite differently.

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Is The Term Premium A Risk Premium?, Louis H. Ederington, Jeremy C. Goh Sep 1999

Is The Term Premium A Risk Premium?, Louis H. Ederington, Jeremy C. Goh

Research Collection Lee Kong Chian School Of Business

This paper explores whether excess holding period returns on long vis-a-vis short-term securities behave in a manner that is consistent with (1) market efficiency, (2) the time-varying-term-premium variant of the expectations hypothesis, and (3) theories of the term premium that view it as a reward for risk bearing. Both traditional and modern theories of the term premium imply that it should evolve fairly slowly over time as attitudes toward risk and/or perceived covariances with wealth or consumption change. This implies that this period's term premium should have some predictive ability for next period's. However, we find that this quarter's ex-post …

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Theory And Research In Strategic Management: Swings Of A Pendulum, Robert E. Hoskisson, William P. Wan, Daphne W. Yiu, William A. Hitt Aug 1999

Theory And Research In Strategic Management: Swings Of A Pendulum, Robert E. Hoskisson, William P. Wan, Daphne W. Yiu, William A. Hitt

Research Collection Lee Kong Chian School Of Business

The development of the field of strategic management within the last two decades has been dramatic. While its roots have been in a more applied area, often referred to as business policy, the current field of strategic management is strongly theory based, with substantial empirical research, and is eclectic in nature. This review of the development of the field and its current position examines the field’s early development and the primary theoretical and methodological bases through its history. Early developments include Chandler’s (1962) Strategy and Structure and Ansoff’s (1965) Corporate Strategy. These early works took on a contingency perspective (fit …

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Selection Of Expatriates For Regional Business Operations In Asia: A Study Of Mne Managers In Singapore, A. Ahad M. Osman-Gani, Wee Liang Tan, Thian Ser Toh Aug 1999

Selection Of Expatriates For Regional Business Operations In Asia: A Study Of Mne Managers In Singapore, A. Ahad M. Osman-Gani, Wee Liang Tan, Thian Ser Toh

Research Collection Lee Kong Chian School Of Business

The recent interest for regionalization of business operations in Asia underscores the demand for expatriates. While much has been written on expatriation, very little was documented on expatriates assigned in Asian countries. In this respect, American, German, Japanese and Korean MNEs have been found to take active interests in regional expansion of business in Asia. Expatriation is a significant international management issue for them. The high costs of expatriation and the risks for expatriate failures also underscore this importance. As such, selecting the right candidate for expatriation success is a crucial issue for these MNEs. This paper presents the findings …

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Private Placement Of Common Equity And Earnings Expectations, Jeremy C. Goh, Michael Gombola, Hai Wei Lee, Feng Ying Liu Aug 1999

Private Placement Of Common Equity And Earnings Expectations, Jeremy C. Goh, Michael Gombola, Hai Wei Lee, Feng Ying Liu

Research Collection Lee Kong Chian School Of Business

Earnings forecast revisions by analysts subsequent to the announcement of private equity placements are examined. Results show that analysts make significant upward revisions to their forecasts for current-year earnings. Furthermore, these forecast revisions are significantly related to announcement-period abnormal returns, but not to the risk changes accompanying the equity placement. These findings are consistent with the information hypothesis, which suggests that private equity placements convey favorable information about future earnings.

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Theory And Research In Strategic Management: Swings Of A Pendulum, Robert E. Hoskisson, Michael A. Hitt, William P. Wan, Daphne W. Yiu Aug 1999

Theory And Research In Strategic Management: Swings Of A Pendulum, Robert E. Hoskisson, Michael A. Hitt, William P. Wan, Daphne W. Yiu

Research Collection Lee Kong Chian School Of Business

The development of the field of strategic management within the last two decades has been dramatic. While its roots have been in a more applied area, often referred to as business policy, the current field of strategic management is strongly theory based, with substantial empirical research, and is eclectic in nature. This review of the development of the field and its current position examines the field's early development and the primary theoretical and methodological bases through its history. Early developments include Chandler's (1962) Strategy and Structure and Ansoff's (1965) Corporate Strategy. These early works took on a contingency perspective (fit …

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Smu To Award Own Degree, Singapore Management University Jun 1999

Smu To Award Own Degree, Singapore Management University

SMU Press Releases

No abstract provided.

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Contextual Effects On The Revision Of Evaluative Judgements: An Extension Of The Omission Detection Framework, A. V. Muthukrishnan, Seshan Ramaswami Jun 1999

Contextual Effects On The Revision Of Evaluative Judgements: An Extension Of The Omission Detection Framework, A. V. Muthukrishnan, Seshan Ramaswami

Research Collection Lee Kong Chian School Of Business

When consumers are presented with negative information about a brand that they have evaluated positively earlier, the extent to which they change their initial evaluation may depend on the formats in which information is presented (non-comparative vs. comparative) at the two stages. In four experiments, we manipulate the format in which information is presented at an initial and at a challenge stage and investigate their effects on the degree of revision in evaluative judgments. The results of the four experiments suggest that when consumers receive initial information in a noncomparative format, a comparative challenge causes a greater degree of revision …

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A Simultaneous Model For Innovative Product Category Sales Diffusion And Competitive Dynamics, Namwoon Kim, Ellen Bridges, Rajendra Kumar Srivastava Jun 1999

A Simultaneous Model For Innovative Product Category Sales Diffusion And Competitive Dynamics, Namwoon Kim, Ellen Bridges, Rajendra Kumar Srivastava

Research Collection Lee Kong Chian School Of Business

Diffusion of innovation has been the focus of an entire stream of research in marketing, and firm entry and exit decisions have been investigated by marketers, strategists, and economists. However, little attention has been paid to the relationship between changing demand and the entry and exit behaviors of competitors in the marketplace. Understanding this relationship is essential in making resource commitments, as profitability of options depends not only on the size and growth of the market, but also on the number of competitors likely to be encountered. This is particularly important in innovative markets, where changes occur rapidly and one …

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Running On The Spot? A Review Of Twenty Years Of Research On The Management Of Human Resources In Comparative And International Perspective, Timothy Adrian Robert Clark, Howard Gospel, John Montgomery Jun 1999

Running On The Spot? A Review Of Twenty Years Of Research On The Management Of Human Resources In Comparative And International Perspective, Timothy Adrian Robert Clark, Howard Gospel, John Montgomery

Research Collection Lee Kong Chian School Of Business

Research using a comparative and international perspective on the management of human resources is examined, drawing on articles published in leading human resource management, management/ organizational behaviour and related social science journals between 1977 and 1997. In total a little under 2 per cent of the articles under review focused on the management of human resources in a comparative and international perspective. The largest group of these articles was comparative in nature (44 per cent), followed by those with an international perspective (35 per cent). A smaller number adopted a combined approach (17 per cent) and a few were separately …

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The Determinants Of Bid-Ask Spreads In The Foreign Exchange Futures Markets: A Microstructure Analysis, David K. Ding May 1999

The Determinants Of Bid-Ask Spreads In The Foreign Exchange Futures Markets: A Microstructure Analysis, David K. Ding

Research Collection Lee Kong Chian School Of Business

This paper investigates and analyzes the intraday and daily determinants of bid-ask spreads in the foreign exchange futures market. It is found that the number of transactions is negatively related to the BAS, whereas volatility in general is positively related to it. The study also finds that there are economies of scale in trading FXF contracts. The intraday BAS follows a U-shaped pattern, and they tend to be higher on Mondays and Tuesdays than on other days of the week. Higher spreads at the beginning and end of a trading day are consistent with the presence of adverse selection and …

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Instructional Case: Worldwide Shipping Corporation Ltd: Early Or Late Adoption Of A New International Accounting Ssandard?, Pearl Tan, Peter Lee May 1999

Instructional Case: Worldwide Shipping Corporation Ltd: Early Or Late Adoption Of A New International Accounting Ssandard?, Pearl Tan, Peter Lee

Research Collection School Of Accountancy

The management of Worldwide Shipping Corp. Ltd. is confronted with a dilemma when a new international accounting standard on leases is introduced which contains a transitional provision allowing firms to defer implementation for a period of 4 years. Students are required to put themselves in the position of managers who have to weigh the adverse impact of early adoption of the new accounting standard against a responsibility for fair financial reporting. The case aims to provide students with a better understanding of the impact of off-balance sheet transactions on a firm's financial statements. The case requires students to examine implications …

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A Meta-Analysis Of Satisfaction In Marketing Channel Relationships, Inge Geyskens, Jan-Benedict E. M. Steenkamp, Nirmalya Kumar May 1999

A Meta-Analysis Of Satisfaction In Marketing Channel Relationships, Inge Geyskens, Jan-Benedict E. M. Steenkamp, Nirmalya Kumar

Research Collection Lee Kong Chian School Of Business

The authors advance a conceptual model of channel member satisfaction that distinguishes between economic and noneconomic satisfaction. The resulting model then is tested using meta-analysis, Meta-analysis enables the empirical investigation of a model involving several constructs that never have been examined simultaneously within an individual study. More specifically, the authors unify the stream of research on power use-the focus of many satisfaction studies in the 1970s and 1980s-with more recent work on trust and commitment, which usually explores antecedents other than power use. The results indicate that economic satisfaction and noneconomic satisfaction are distinct constructs with differential relationships to various …

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The Empirical Determinants Of Inventory Levels In High-Volume Manufacturing, Marvin B. Lieberman, Susan Helper, Lieven Demeester Mar 1999

The Empirical Determinants Of Inventory Levels In High-Volume Manufacturing, Marvin B. Lieberman, Susan Helper, Lieven Demeester

Research Collection Lee Kong Chian School Of Business

This study uses survey data on several hundred automotive suppliers in North America to evaluate the determinants of inventory levels in high-volume discrete parts manufacturing. We assess the magnitude of raw materials, work-in-process, and finished goods inventories held at automotive supply plants. Inventories are shown to be jointly determined by technological and managerial factors in a manner roughly consistent with classical inventory theory. Several categories of managerial practices are found to be important. Low inventories are linked to employee problem solving and frequent communication with customers. More unexpectedly, we find the absence of inventory differences between U.S.-owned and Japanese-owned plants …

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Introduction: Are We Requiring What Our Students Most Need?, Michael Alan Netzley Mar 1999

Introduction: Are We Requiring What Our Students Most Need?, Michael Alan Netzley

Research Collection School of Social Sciences

Why devote a special issue to the topic of writing requirements for business students?The answer, I believe, is relatively simple: any such requirement mustreflect what business professionals should know and do in a knowledge economy.Because communication practices are changing radically, our requirements, too,must be reexamined. This issue provides a forum for such reexamination.

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Inventory Reduction And Productivity Growth: Linkages In The Japanese Automotive Industry, Marvin B. Lieberman, Lieven Demeester Mar 1999

Inventory Reduction And Productivity Growth: Linkages In The Japanese Automotive Industry, Marvin B. Lieberman, Lieven Demeester

Research Collection Lee Kong Chian School Of Business

The literature on JIT production suggests a causal link between work-in-progress inventory and manufacturing productivity. Such a connection has been described in numerous case studies but never tested statistically. Historical data for 52 Japanese automotive companies are used to evaluate the inventory-productivity relationship. It is found that firms increased their productivity rank during periods of substantial inventory reduction. More detailed tests suggest that inventory reductions stimulated gains in productivity. On average, each 10% reduction in inventory led to about a 1% gain in labor productivity, with a lag of about one year. Such effects were more immediate for Toyota affiliates, …

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Transparency Of Ownership And Control In Germany, Marco Becht, Ekkehart Boehmer Feb 1999

Transparency Of Ownership And Control In Germany, Marco Becht, Ekkehart Boehmer

Research Collection Lee Kong Chian School Of Business

We first analyze legal provisions relating to corporate transparency in Germany. We show that despite the new securities trading law (WpHG) of 1995, the practical efficacy of disclosure regulation is very low. On the one hand, the formation of business groups involving less regulated legal forms as intermediate layers can substantially reduce transparency. On the other hand, the implementation of the law is not practical and not very effective. We illustrate these arguments using several examples of WpHG filings. To illustrate the importance of transparency, we show next that German capital markets are dominated by few large firms accounting for …

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East Vs. West: Strategic Marketing Management Meets The Asian Networks, George T. Haley, Chin Tiong Tan Jan 1999

East Vs. West: Strategic Marketing Management Meets The Asian Networks, George T. Haley, Chin Tiong Tan

Research Collection Lee Kong Chian School Of Business

Strategic management in Asia is different. Decision-making differs from that taught in Western, and even Asian, schools of business. In the last decade, the influence of Japanese management systems on Western management practice has become evident. Though the Japanese economy is the world's second largest, and Japan's population substantial, neither compares with the combined economies and combined populations of non-Japanese Asia. The influence of the most aggressive elements of the non-Japanese Asian business communities, the Overseas Chinese and Overseas Indian Networks cannot help to be felt on Western management practice. This article explains why this difference in decision-making styles exists, …

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Family Roles In The Selection Of Schools In Multiracial Singapore: An Examination Of Demographic Differencesographic Differences, Ashok K. Lalwani, Subhash C. Mehta, Chin Tiong Tan Jan 1999

Family Roles In The Selection Of Schools In Multiracial Singapore: An Examination Of Demographic Differencesographic Differences, Ashok K. Lalwani, Subhash C. Mehta, Chin Tiong Tan

Research Collection Lee Kong Chian School Of Business

Family roles in deciding household purchases have intrigued marketers for a long time, with researchers calling for more studies on the subject - especially those which look into the roles played by children and others in the decision process. This paper investigates the relative influence of the husband, wife, children, and others in 5 sub-decisions involved in the choice of a school, and distinguishes families reporting different roles on their demographic characteristics. Cluster analysis was used to develop segments on the basis of family roles. Results indicate that children and others have negligible influence in this particular service and that …

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Multiple Category Decision Making: Review And Synthesis, Gary J. Russell, S. Ratneshwar, Allan D. Shocker, David Bell, Anand Bodapati, Alex Degeratu, Lutz Hildebrandt, Namwoon Kim, Seshan Ramaswami, Venkatesh H. Shankar Jan 1999

Multiple Category Decision Making: Review And Synthesis, Gary J. Russell, S. Ratneshwar, Allan D. Shocker, David Bell, Anand Bodapati, Alex Degeratu, Lutz Hildebrandt, Namwoon Kim, Seshan Ramaswami, Venkatesh H. Shankar

Research Collection Lee Kong Chian School Of Business

In many purchase environments, consumers use information from a number of product categories prior to making a decision. These purchase situations create dependencies in choice outcomes across categories. As such, these decision problems cannot be easily modeled using the single-category, single-choice paradigm commonly used by researchers in marketing. We outline a conceptual framework for categorization, and then discuss three types of cross-category dependence: cross-category consideration cross-category learning, and product bundling. We argue that the key to modeling choice dependence across categories is knowledge of the goals driving consumer behavior.

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Marketing, Business Processes, And Shareholder Value: An Organizationally Embedded View Of Marketing Activities And The Discipline Of Marketing, Rajendra Kumar Srivastava, Tasadduq A. Shervani, Liam Fahey Jan 1999

Marketing, Business Processes, And Shareholder Value: An Organizationally Embedded View Of Marketing Activities And The Discipline Of Marketing, Rajendra Kumar Srivastava, Tasadduq A. Shervani, Liam Fahey

Research Collection Lee Kong Chian School Of Business

The authors develop a framework for understanding the integration of marketing with business processes and shareholder value. The framework redefines marketing phenomena as embedded in three core business processes that generate value for customers-product development management, supply chain management, and customer relationship management-which in turn creates shareholder value. Such a conceptualization of marketing has the potential to introduce dramatic shifts in the scope, content, and influence of marketing in the organization. The authors highlight the implications of an organizationally embedded view of marketing for the future of marketing theory and practice.

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