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Full-Text Articles in Business
Slack Resources And The Performance Of Privately Held Firms, Gerard George
Slack Resources And The Performance Of Privately Held Firms, Gerard George
Research Collection Lee Kong Chian School Of Business
Empirical findings from publicly traded firms and behavioral arguments suggest a positive influence of resource slack on financial performance. While this area has remained unexplored in privately held firms, conceptual arguments indicate that resource constraints may enhance performance. Longitudinal data on 900 privately held firms confirm the differing influences of forms of slack on performance. Results indicate that a combination of behavioral and resource constraints arguments are necessary to explain the slack-performance relationship in privately held firms. The implications of these findings for theories of resources and entrepreneurship are discussed.
Managing Learning Resources For Consecutive Product Generations, Lieven Demeester, Mei Qi
Managing Learning Resources For Consecutive Product Generations, Lieven Demeester, Mei Qi
Research Collection Lee Kong Chian School Of Business
In this paper, we study how a firm should allocate its learning resources when it is concurrently producing two consecutive generations of one product. We define learning resources as scarce firm-specific resources that a firm allocates towards the improvement of the cost, quality or timeliness of its existing products and processes. We use empirically tested models for demand substitution and learning curves to formulate this problem, and we present our results as propositions with regard to the optimal time at which a firm should direct all its learning resources to the newer product generation, depending on the substitution rate of …