Business Commons^™

How Values And Value Clarity Still Matter: An Extended Study Of Global Managers, Barry Posner, Joongoo Han

The Journal of Values-Based Leadership

The importance of values has been continuously studied, and the consensus is that values matter. However, the issue of just how much they matter remains open to various interpretations, including the importance of value clarity and congruency. This study examined the impact of personal and organizational values clarity on commitment, performance, and motivation. An online survey involving 8,442 managers was collected in the same way as previous studies on value clarity and consistency (Posner & Schmidt, 1993; Posner, 2010), but unlike previous studies, managers outside the United States were included. Both personal values congruency and organizational values clarity significantly impacted …

Smes “Growing Smart”: The Complementarity Of Intangible And Digital Investment In Small Firms And Their Contribution To Firm Performance, Eva Erjavec, Tjaša Redek, Črt Kostevc

Economic and Business Review

Like large companies, small and medium-sized companies (SMEs) are turning to new digital technologies and knowledge-based capital to bolster their productivity and growth. However, data show that smaller companies lag significantly in implementing new Industry 4.0 technologies and in the intensity of their use. Lack of skills and human capital is often cited as one of the biggest barriers. This paper examines the benefits of digital technologies, intangible capital, and in particular the role of complementary investments in new technologies and intangible capital to maximize the impact on productivity growth. The analysis draws on extensive firm-level datasets combining business and …

Ewom Platforms As Productivity Catalyzers In The Travel Industry: A Two-Stage Double Bootstrap Data Envelopment Analysis, Tomas Saralegui

Journal of Sustainability and Resilience

In a fast-paced digitalization context, travel agencies face a challenge to increase productivity. Electronic word of mouth (eWOM) could allow better learning processes, improve communication with customers, and serve as a remarkable diffusion channel. However, this channel is not yet fully embraced by the sector. This research, delimited to Spanish travel agencies in the period 2012-2019, applies a two-stage double bootstrap data envelopment analysis to assess whether eWOM and how firms manage eWOM, contributes to achieving higher levels of efficiency. Results show that firms with higher valence and volume of online reviews tend to be closer to the efficiency frontier. …

Baumol And Bowen Cost Effects In Research Universities, Robert E. Martin

Southern University College of Business E-Journal

We estimate cost models for both public and private research universities and use partial differentials from these models to estimate different cost effects. The results suggest both Baumol’s cost disease and Bowen’s revenue theory drive cost higher and that Bowen effects are larger than Baumol effects. Tight revenue since 2008 reversed some declines in productivity and accelerated the trend in economizing on the use of tenure track faculty. This behavior under loose and tight revenue constraints is consistent with Bowen’s revenue theory.

Productivity Performance Of Steel Companies In India:A Comparative Study Of Tata Iron & Steel Company Ltd And Essar Steel Company Ltd, S Vanitha, M. Babu, Dr. M Selvam

Management Dynamics

No abstract provided.

Productiveness Vs Productivity, Lalit Kumar

Management Dynamics

Productivity and productiveness are different; Productivity refers to person’s capacity to effectively and efficiently achieve goals without wasting time, effort and resources. Productiveness being acceptance of morality and choosing to live the productive work and creating the image of one’s own values – that all work is creative work if done by a thinking mind. It is when the person thinks that nothing more is possible to you and nothing less is human. Despite being an effective measure of Performance, Productivity may not provide a complete picture of things, especially when it comes to human beings as a resource factor. …

Model Analysis On The Improvement Of Intrinsic Motivation At Japanese Companies, Ryohei Matsumura

Japanese Society and Culture

This study expands on the agency model to analyze how Japanese companies intrinsically motivate their workers. Some previous studies have considered the intrinsic motivation of agents. However, they analyze monetary motivation methods that take into account workers’ intrinsic motivation or a simultaneous analysis of monetary motivation methods and the cost of raising intrinsic motivation that also takes into account workers’ intrinsic motivation.

However, while it is not always easy to change a monetary incentive system, the cost of raising intrinsic motivation is easier to change. Therefore, this study models the cost of raising intrinsic motivation as the only decision-making variable. …

Three Keys Of Development: Knowledge, Efficiency And Innovative Entrepreneurship, Irfan Kalayci, Ali Soylu, Baris Aytekin

University of South Florida (USF) M3 Publishing

The change in the structure and composition of production factors have always been occurred in the world production history. The competition between sectors and also within each sub-sector that comprise them continues. In this sense, competition has always fed change, transformation and progress. The process phenomenon is the change and transformation movements that occur in the production processes that economies focus on. In this respect, the classification steps emphasize this development. In this study, we discuss economic groups (resource-oriented, productivity-oriented, and innovation-oriented) in terms of drivers of economic development (knowledge, efficiency, innovative entrepreneurship, and productivity). The 3rd Industrial Revolution starting …

Judicious Vulnerability: How Humility, Teachability, And Awareness Impact Teams In Organizational Settings, Mac Strachan

Intuition: The BYU Undergraduate Journal of Psychology

In some professions, such as medicine, law enforcement, athletics, and education, maintaining high performance standards while being emotionally stoic often leads to work fatigue and burnout. This state of being can be detrimental to the health of both the professionals and the organization that employs them, bringing into question the necessity of a culture driven by competition and ego. As such, this paper explores the concept of vulnerability as a means to explain cognitive and emotional processes that positively affect relational behavior and organizational culture. Judicious vulnerability sits at the intersection of humility, teachability, and awareness and has the capacity …

Overcoming The Downsides Of Personal Internet And Cell Phone Use In The Workplace: An Exploratory Empirical Analysis, Kaustav Misra, Michael D. Stackhouse, Arundhati Bagchi Misra, Gregory Berry

Journal of International Technology and Information Management

The now taken-for-granted introduction of internet usage into the workplace changed the dynamics of work, productivity, and management, and this is now further complicated by the ubiquitous availability of personal cell phones, going beyond company supplied and (partially) controlled computers with internet connections. This paper studies the connection between internet and cell phone usage by employees and firm productivity. Using primary data collected via a self-reported survey, we conduct an empirical analysis utilizing information based on firm and industry characteristics. Results indicate that the level of non-work-related internet and cell phone usage is significantly associated with firm productivity. Some of …

Interior Design In The Workplace, Bryce Cindrich

Marriott Student Review

While people generally spend much of their time in their home, time spent in the workplace is usually a close second. Why should people care less about how their office is set up than their home? A well-designed interior at the workplace can help promote employee productivity and support their well-being, build a sense of community, improve team collaboration, and attract and retain talent.

Make More, Work Less, Michael Sutton

Marriott Student Review

Although the status quo in the business world is to work long hours and supposedly produce more each workweek, studies show that working less and taking appropriately regulated breaks actually lead to more productivity in individuals and businesses as a whole. Specifically companies would be wise to implement a limit of 50 work hours per week, encourage frequent breaks (about 15 minute every hour), and encourage patterns of sufficient sleep. By reducing mental fatigue in your employees, their productivity will increase.

Growing Dynamisms' Of Business And Technology/ Global Perspective, Saravanan K., N. Muthu Ph.D

International Review of Business and Economics

Technology is the essence of change in business and society. In this paper we can learn about technology, its characteristics, its historical phases and how innovation is fuelled today. Technological advances in the modern world have created new business opportunities. Leverage advanced tools to rise above the competition. Technology has revolutionized the way companies conduct business by enabling small businesses to level the playing field with larger organizations. Businesses nowadays, whether it is big or small, also rely on the help of technology.Mostcompaniesdepends their daily operations on the use of technological innovation such as computers, internet connection, printers, applications, and …

Book Review When: The Scientific Secrets Of Perfect Timing, Nick Porter

Marriott Student Review

N/A - Book review

Evaluation Of The Efficiency Of Drip Irrigation In A Farm In The Khorezm Region, B.R Matjonov

Central Asian Problems of Modern Science and Education

This article analyzes the savings in water consumption by increasing the productivity of agriculture using drip irrigation technology.

From Play To Performance: Building An Effective Organization, Jessica N. Selee, Jade Johnson, Jocelyn N. Murray, Anna Samuelson, Jasmine Li, Andrew Lacanienta, Mat D. Duerden, Mark Widmer

Marriott Student Review

Under the Mentored Experience Grant, six students studies the impact that non-work activities (recreation or leisure) have on individual contributors or organization. Some employees refrain from participating in Leisure-at-Work (LAW) due to lack of time or skill, to cliques, to differing preferences, or fear of negative connotations. Employees report that LAW increases productivity, establishes and enriches social interactions, improves communication, attracts and retains employees in a company, and facilitates a culture of engagement, trust, and camaraderie. At the conclusion of our analysis, we identified areas of future research and recommendations for best practice.

Financing Small And Medium-Sized Enterprises In Thailand: The Importance Of Bank Loans And Financing Diversification, Harri Ramcharran

The Journal of Entrepreneurial Finance

Bank loans are the main sources of financing the Small and Medium-Sized Enterprises (SME) sector of the Thai economy. This sector contributes to about 37% GDP and employs about 80% of the labor force. Recent data indicate a decline in bank lending; this necessitates the efficient use of available funds and strategies to diversify SME financing. Using data from 2007 – 2014, we analyze the performance of this sector by applying several measures of productivity. We find average productivity to be greater than one for: (a) SME output per unit of SME and (b) SME output per Baht loan. This …

Effective Employee Engagement In The Workplace, Schrita Osborne, Mohamad S. Hammoud

International Journal of Applied Management and Technology

Disengaged employees typically cost U.S. corporations $350 billion annually. The purpose of this case study was to explore strategies that some communication business leaders use to engage their employees. The target population consisted of four communication business leaders in Jackson, Mississippi, who possessed at least 1 year of successful employee engagement experience. The self-determination theory served as the study’s conceptual framework. Semistructured interviews were conducted, and the participating company’s archived documents were gathered. Patterns were identified through a rigorous process of data familiarization, data coding, and theme development and revision. Interpretations from the data were subjected to member-checking to ensure …

Comparison Of Four Harvesting Systems In A Loblolly Pine Plantation, John Klepac, Dana Mitchell

Professional Agricultural Workers Journal

Abstract

Felling and skidding operations were monitored while clearcut harvesting a 12-acre area of a 14-year old loblolly pine (Pinus taeda) plantation. The study area contained 465 trees per acre for trees 2.0 inches Diameter at Breast Height (DBH) and larger with a Quadratic Mean Diameter (QMD) of 7.26 inches. Two feller-bunchers (tracked and rubber-tired) and two skidders (conventional and large capacity) were paired to create four different harvesting systems which were randomly assigned to 3-acre units for evaluation of production rates and costs. Each system was balanced to determine the number of machines needed to minimize the …

Analysis The Efficiency And Productivity Of Indonesian Pharmaceutical Public Companies Using Data Envelopment Analysis, Dewi Hanggraeni

The Indonesian Capital Market Review

As one of the biggest medicines market in the South East Asia, the pharmaceutical industry in Indonesia has a huge potential market. However, the majority supply of raw materials has been imported. Besides, regulations of the Health Ministry and the Trade Ministry have still hampered most players in Indonesia pharmaceutical industry. Therefore, this study used Data Envelopment Analysis (DEA) models to analyze efficiency and productivity change in the Indonesian pharmaceutical industry between 2006 and 2011, listed in the Indonesia Stock Exchange and also supported by applying efficiency financial ratio. This study finds that the decision for the most relatively efficient …

Financial Competitiveness Of Macau In Comparison With Other Gaming Destinations, Zheng Gu, Jason Zhicheng Gao

UNLV Gaming Research & Review Journal

This paper analyzes the financial competitiveness of the Macau gaming industry visa- vis its counterparts in North America and Europe. The analysis covers casino product structure, revenue composition, assets productivity and financial returns of Macau versus those of gaming destinations in North America and Europe. The findings reveal that while Macau is advantageously positioned in terms of assets productivity and financial returns, its casino product structure and revenue composition seem at odds with today's gaming trend. Macau is facing challenges from emerging competitors in Asia. To maintain a stable gaming revenue growth and retain its competitiveness, Macau must modify its …

Mobile Maintenance Management, Aitor Arnaiz, Christos Emmanouilidis, Benoit Iung, Erkki Jantunen

Journal of International Technology and Information Management

The paper gives a short overview of the enabling tools and technology available to the maintenance engineer in manufacturing industry, in relation to the emergence of e-maintenance practices and the introduction of mobile computing devices. An analysis of the main characteristics of the e- maintenance concepts and the associated challenges is provided, highlighting the lack of use of condition-based maintenance strategies. The potential of using ubiquitous computing in industrial maintenance practice is then examined, followed by an original vision for the adoption of mobile maintenance management solutions, which can facilitate the implementation of condition-based- maintenance. This vision is supported today …

Impacts Of B2c E-Commerce On Hospital Productivity: An Empirical Study, Shin-Yuan Hung, Hsin-Min Hung, Mu-Yi Huang

Journal of International Technology and Information Management

This work conducted a comprehensive study of Business-to-Consumer Electronic Commerce (B2C e-Commerce) applications in Taiwanese hospitals. To further assess the impacts of B2C e-Commerce on hospital productivity, this study also employed three quantitative methods to analyze historical data. The results confirm those of broader research into applications of B2C e-Commerce to hospitals. Additionally, the results of the quantitative analysis demonstrate that B2C e-Commerce significantly impacts the hospital productivity.

Getting Things Done: The Art Of Stress-Free Productivity, Shawn Blau

New England Journal of Entrepreneurship

Shawn Blau reviews David Allen's Getting Things Done: The Art of Stress-Free Productivity.

Tough Times Call For A Review Of Farm Business Performance, Martin Van Bueren, John Young

Journal of the Department of Agriculture, Western Australia, Series 4

Most Australian farm businesses specialising in wool production are operating at a loss at current wool prices. After both short term operating and long term costs of capital depreciation are accounted for, only a small number of wool growers are able to make a profit with the wool market indicator below 500c/kg.

Poor prices have stimulated wool growers to review their operations and look to ways of improving cash flow in the short term, such as diversifying into cropping. The downturn should also prompt growers to address the longer term trends of declining terms of trade and historically poor productivity …

Impact Of Substance Abuse: Human Resource Strategies For The Hospitality Industry, Patricia J. Silfies, Frederick J. Demicco

Hospitality Review

No hospitality organizations are immune from the negative effects of substance abuse in the workplace. Ownters and managers must confront the problem head on and, in order to accomplish this, they must be in possession of the facts regarding the problem, and regarding options for dealing with the problem in the most appropriate manner for their individual organizations. The authors include an assessment of this problem as well as a summary review of procedures for positive management of a potentially negative situation.

Management Misperceptions: An Obstacle To Motivation, Gerald E. Goll

Hospitality Review

Managers and supervisors create a motivational environment by being responsive to the needs and wants of employees. However, managers have many misconceptions about what workers want from their jobs. The author discusses how to create the best organizational environment.

Challenge To Managers: Changing Hotel Work From A Secondary Choice To Career Development, Leonidas Chitiris

Hospitality Review

In his discussion - Challenge To Managers: Changing Hotel Work from a Secondary Choice to Career Development - by Leonidas Chitiris, Lecturer in Management, Piraeus Graduate School of Industrial Studies, Athens, Greece, Chitiris marginally alludes at the outset: “Surveys and interviews with hotel employees in Greece with regard to why individuals work for hotels and to what extent their rationale to join the hotel industry affects hotel productivity revealed that the choice to work in hotels is a secondary preference and reflects the opportunity structure in the economy at any given time and the greater the number of those who …

Report On Jim Polet's Visit, James Koldenhoven

Pro Rege

No abstract provided.

How Many Acres Per Hour?, J G. Drever

Journal of the Department of Agriculture, Western Australia, Series 4

MANY farm tractor operators don't know exactly how much land is covered in an hour by implements drawn by their tractors. This information, useful on any farm where tractors are used, is of particular value in contract work.

The capacity of the machine or implement, or in other words, its rate of working, depends on the width of the machine, how fast it travels, how efficiently it is operated and the time it works.