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Full-Text Articles in Business
Organizational Change Within Charities: Improved Performance Via Introduction Of Market Orientation And Other Strategic Orientations, Paul Chad
Faculty of Business - Papers (Archive)
Market orientation is recognised as the key strategic orientation enabling for-profit organizations to gain improved performance. Adopting such an orientation can also aid nonprofit charities facing pressure to become more businesslike due to increasing competition in the current global environment. Knowledge regarding exactly how charities can change is however highly under-researched. Based upon examination of multiple case studies of charities that underwent organisational change to improve performance, the change management process is analysed using a discourse transformation framework to identify how charity managers successfully introduced new strategic orientations dominated by a market orientation. A "checklist" is developed that offers nonprofit …
Do Venture Capitalists Play A Monitoring Role In An Emerging Market? Evidence From The Pay-Performance Relationship Of Chinese Entrepreneurial Firms, Jerry Cao, Qigui Liu, Gary Tian
Do Venture Capitalists Play A Monitoring Role In An Emerging Market? Evidence From The Pay-Performance Relationship Of Chinese Entrepreneurial Firms, Jerry Cao, Qigui Liu, Gary Tian
Faculty of Business - Papers (Archive)
This paper investigates venture capitalists' monitoring of managerial behaviour by examining their impact on CEO pay-performance sensitivity across various controlling structures in Chinese firms. We find that the effectiveness of venture capitalists' monitoring depends on different types of agency conflict. In particular, we find that venture capital (VC) monitoring is hampered in firms that experience severe controlling-minority agency problems caused by disproportionate ownership structures. We provide further evidence that VC is more likely to exert close monitoring in firms that have greater managerial agency conflict, and thus require more direct monitoring. However, controlling-minority agency problems have a greater impact on …
Committed Tourists - An Attractive Market Segment, Amata L. Ring, Sara Dolnicar, Ulrike Gretzel
Committed Tourists - An Attractive Market Segment, Amata L. Ring, Sara Dolnicar, Ulrike Gretzel
Faculty of Business - Papers (Archive)
This paper investigates the existence of highly committed tourists as an interesting market segment for the tourism industry. Tourists who see vacations as central to their lifestyle are identified as highly committed tourists and contrasted with tourists who do not attach importance to vacations. Several significant findings between the two groups are reported. Most importantly, highly committed tourists are unlikely to sacrifice their vacations and show a higher willingness to take risks, which makes them an interesting target segment, especially in times of uncertainty. Additionally, these tourists are responsible for planning holidays which allows marketers to directly speak to the …