IJSM, Volume 8, Number 2, 2008

ISSN: 1555-2411

ABSTRACTS
1. EFFECTS OF TECHNOLOGICAL CAPABILITY ON NEW PRODUCT DEVELOPMENT ANEXPORT PERFORMANCE: AN EMIRICAL RESEARCH OF EXPORTING COSMETICS
BUSINESS IN THAILAND
Naphat Thipsri, Mahasarakham University, THAILAND
Phapruke Ussahawanitchakit, Mahasarakham University, THAILAND
ABSTRACTThis paper investigates the effect of technological capability on new product development and export
performance via a moderating effect of technological turbulence and managerial attitude toward change.
It also examines antecedents of technological capability as organizational support, knowledge andtechnical expertise, learning culture, systems and procedures, and organizational structure. Exporting
cosmetics businesses in Thailand are sample and questionnaires are used as a tool. Results show thattechnological capability has significant relationship with new product development and new productdevelopment has significant positive with export performance. Surprisingly, both technological turbulence
and managerial attitude toward change as moderating effect is not related between technologicalcapability and new product development. Three in five antecedent of technological capability are
significant and positive relationship. Theoretical and managerial contributions are provided. Conclusionand suggestion for future research are presented.
Keywords: Technological Capability, New Product Development,
Technological Turbulence, Managerial Attitude toward ChangeExportPerformance,

2. CREATING VALUE THROUGH THE STRATEGY OF PROCRASTINATION
Herbert Kimura, Mackenzie Presbyterian University, São Paulo, BRAZIL
Leonardo Fernando Cruz Basso, Mackenzie Presbyterian University, São Paulo, BRAZIL
Elizabeth Krauter, University of São Paulo, São Paulo, BRAZILABSTRACTThis research presents a mathematical model for pricing the procrastination option. The concept ofprocrastination will be discussed from the perspectives of Psychology, Economy, Finance and Strategy.
The maximum limit of the strategy of procrastination will be investigated, considering the cash flow loss
due to the possible first movement of the competition and the benefit of the reduction of uncertainty due tothe information that becomes available as time passes. A simulation will be presented aiming to establish
the benefits of the optimum exercise time of the option.
Keywords: procrastination, option to defer, real options

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ISSN: 1555-2411

3. HUMAN RESOURCE MANAGEMENT- A FLEXIBLE STRATEGY FOR THE FUTURE FOR
ORGANIZATIONS- A CONCEPTUAL APPROACH
C. N. Narayana, International Management Institute, New Delhi, IndiaVidhu Shekhar Jha, Kazakhastan Institute of Management, Economics and Strategic Research(KIMEP), Almaty, Kazakhastan
ABSTRACTThis paper is an attempt to explore the extending territories and emerging roles of human resources in anorganization, which is highly demanding in terms of value additions, co-creation of values and integrating
various processes to Business Objectives and vision. This conceptual study also highlights variousdrivers both internal and external. This paper also explains the proactive and persistent role of Humanresource, dimensions and dilemmas to address and the issues of individual development, change &knowledge management, organizational growth. This paper also covers major issues of Performance
Excellence which leads an organization on their journey towards Business Excellence.
Keywords: Human Resource Management; Flexible Strategy, Performance Excellence, Business
Excellence

4. SWEDISH LISTED COMPANIES: THE USE OF RISK AND COMMITTEE GOVERNANCETECHNIQUES
Lisa R. Barnes, Newcastle University, NSW, AUSTRALIA
ABSTRACTCorporate Governance is not a new concept. But, the spate of recent large scale corporate collapses has
been a catalyst for popularising the prescription of governance regimes such as that issued by theSwedish Stock Exchange in 2005. After two years of implementation this study addresses specifically theways in which the listed companies embrace the governance concepts of risk management, and the useof committees.
This study analyses the 295 listed companies on the exchange for 2006, and concludes that although
only the large corporations are required to follow the governance guidelines, it appears that the small andmedium listed companies are also embracing it as best practice on a voluntary basis. The use then of risk
management techniques coined Risk Governance, and the use of committees such as election, audit andremuneration, coined Committee Governance, are popular governance techniques of listed Swedishcompanies.
Keywords: Corporate Governance, Risk Governance, Committee Governance

5. ROLES OF ORGANIZATIONAL KNOWLEDGE IN COMPETITIVE ADVANTAGE OF THAIACCOUNTING FIRMS: A MEDIATING EFFECT OF INNOVATION CAPABILITY
Phapruke Ussahawanitchakit, Mahasarakham University, THAILAND
ABSTRACTThis study investigates the roles of organizational knowledge in competitive advantage by using
innovation capability as a mediator. Thai accounting firms are the sample. Organizational knowledge is adependent variable, including organizational learning, organizational memory, and knowledge
management. The results indicate that organizational learning, organizational memory, and knowledge
management have significant positive effects on innovation capability. Also, innovation capability has a

IJSM, Volume 8, Number 2, 2008

ISSN: 1555-2411

significant positive influence on competitive advantage. Surprisingly, organizational knowledge has nodirect association with competitive advantage. Giving potential discussion is effectively implemented inthe study. Theoretical and managerial contributions are systematically presented, and suggestions anddirections for future research are explicitly provided.
Keywords: Organizational Knowledge, Organizational Learning, Organizational Memory, Knowledge
Management, Innovation Capability, Competitive Advantage

6. THE EFFECT OF SOPHISTICATED STRATEGIC PLANS ON THE PERFORMANCE OF SMALL
AND MEDIUM-SIZED MANUFACTURING ENTERPRISES (SMMEs) IN SAUDI ARABIA
Adulwahab S. Al-Kahtani, King Fahd University of Petroleum and Minerals, Dhahran, Saudi Arabia
ABSTRACTThis paper examines the relationship between the sophisticated strategic planning and the performanceof small and medium-sized manufacturing enterprises (SMMEs) in Saudi Arabia. The findings of thisstudy showed that sophisticated strategic planning is an important contributor to growth of sales andprofits, which are the measures of organizational performance in this study. The findings suggest that thehigher the involvement in sophisticated strategic planning, the higher the sales and profits of firms.
Results showed that firms with formal sophisticated plans reported higher sales than firms with no formal
written plans or firms with simple plans. Also, the findings revealed that firms with sophisticated formalplans reported higher profits than firms with no formal written plans or firms with simple plans.
Keywords: Sophisticated Strategic Plan, Simple Plan, Small and Medium-Sized ManufacturingEnterprises (SMMEs), Performance, Mission, Vision, SWOT Analysis, Sales, Profits

7. IDENTIFICATION OF PURCHASE DEPENDENCIES IN RETAIL SALE
Pradip Kumar Bala, Xavier Institute of Management, Bhubaneswar, India
ABSTRACTThe present research paper suggests that purchase dependencies in retail sale can be identified byextracting rules through data mining. Purchase dependencies, which have remained unrecognized andunaddressed in literature, can be seen as additional input in decision support system for retailmanagement. Light has been thrown on various aspects of purchase dependencies and suitable data
mining techniques to extract these dependencies. The paper also suggests that before using a mined rule
for purchase dependency in decision support system, it must be examined whether it depicts anypurchase dependency. Examples of purchase dependencies from a case in retail sale have been cited.
Keywords: Purchase Dependency, Retail, Data Mining, Association Rule, Clustering, Classification,Sequence MiningIJSM, Volume 8, Number 2, 2008

ISSN: 1555-2411

8. THE REALITY OF ECONOMIC POWER
Adil H. Mouhammed, University of Illinois at Springfield, Springfield, Illinois, USAABSTRACTThis paper contends that power is an essential component of modern societies. Some people are very
powerful and others are powerless, a situation which creates dominance and hegemony by one groupover others. Usually, the powerful groups will determine employment, income, and the nature of domestic
and international socio-economic relationships. Power has been analyzed by political economists overcenturies, and many economic effects such as unemployment, inflation, business cycles, and imperial
adventures have appeared. For harmonious growth and development, power must be distributed equally
among social groups. A set of policies is proposed for the redistribution of power for achieving a higher
standard of living and a prosperous global competitive advantage.
Keywords: Power, Hegemony, Conspicuous consumption, Surplus value, Vested interests, Profit
inflation, Imperialism

9. ASSESSING PRODUCT DIFFERENTIATION STRATEGY OF SUPPLIER SELECTION FOR
MANUFACTURING FIRMS FOR DEVELOPING A COMPETITIVE ADVANTAGE
Robert L. Gillon, Jackson State University, Jackson, MS, USA
Dharam S. Rana, Jackson State University, Jackson, MS, USA
Palaniappan Thiagarajan, Jackson State University, Jackson, MS, USA

ABSTRACTCorporations throughout the world are striving to develop strategies to gain a competitive advantage inthe fiercely competitive global market place. Within this broad context, our study focuses on the selectionof suppliers based on ‘product differentiation strategy’ of technologically intensive products manufacturingfirms for a competitive edge. Specifically, the study evaluates relationship among product differentiation
strategy, organizational performance and competitive advantage. The paper uses primary data collected
at the monthly meetings of the Institute of Supply Management (ISM) Chapters in the southern UnitedStates. Findings of our study have some managerial implication for the executives of purchasing
department in supply chain management.
Keywords: Strategy, Supplier Selection, Product Categories, Competitive Advantage

10. THE INFLUENCES OF TEAMWORK ON ORGANIZATIONAL EFFECTIVENESS: AN EMPIRICALSTUDY OF AUTOMOTIVE MANUFACTURING IN THAILAND
Jantana Sansook, Mahasarakham University,THAILAND
Phapruke Ussahawanitchakit, Mahasarakham University, THAILAND
ABSTRACTThis study investigates the influence of teamwork: management collaborative, leadership support,interteam relationship, group potency, and team cohesion on organizational effectiveness. Organizationalcommunication is positioned to moderate the relationship between group potency, team cohesion andorganizational effectiveness from 500 automotive manufacturing firms of Thailand as the sample. Thefinding of this study suggests that three factors relate to group potency and team cohesion. Then, grouppotency and team cohesion are associated with organizational effectiveness too, while, this study does
not find the moderating influence of organizational communication on the relationships among group

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potency, team cohesion, and organizational effectiveness. As such, it appears that managers shouldattempt to develop the teamwork of their organization in their efforts to attain higher organizational
effectiveness.
Keywords: Teamwork, Team effectiveness, Group potency, Team cohesion

11. AN INDIVIDUAL LEVEL THEORY OF INNOVATION DIFFUSION
C. B. Claiborne, Texas Southern University, Houston, Texas, USAABSTRACTThis paper posits an individual level theory of innovation diffusion. Innovators possess intelligence similar
to emotional intelligence that predisposes them to pursue solutions to personal problems or needs.
Innovation intelligence is related to curiosity, empathy, abstract thinking, and self-efficacy. Innovation
Intelligence is unrelated to social desirability, dogmatism, fatalism, and risk avoidance.
Keywords: Innovation, Diffusion, Innovation Intelligence, Emotional Intelligence

12. ANALYSIS OF STRATEGIC MANAGEMENT OF INTRAPRENEURIAL VENTURE CAPITAL AND
ANGEL CAPITAL INVESTMENTS
Kamal Dean Parhizgar, Texas A&M International University
Robert R. Parhizgar, Texas Tech University Medical SchoolABSTRACTThis article reveals the analytical result of a study, which identifies synergistic outcomes of theintrapreneurial venture capital and angel capital investments in the global market. Within this context, thespecific research objectives are fourfold: (1) to define what intrapreneurial venture capitalists and angel
capitalists are, (2) to identify differentiated philosophical beliefs of intrapreneurs in terms of application ofstrategic profit making within the context of risk management, (3) to identify and analyze inherent
characteristics of giant global intrapreneurial capital holders with their business objectives in mind that
exploitation of resources is the most preferable strategy and (4) to identify qualitative outcomes ofintrapreneurial efforts and their corporation’s strategy formulation, implementation, operationalization, andevaluation as lending alliances. To this end, the remaining of this article is organized as follows: first, toreview characteristics of intrapreneurs and venture capital holders and/or angel capital holders. Second, ahistorical review of literature is provided concerning intrapreneurial strategic management modeling.
Keywords: Intrapreneurs, Entrepreneurs, Infopreneurs, Venture Capitalist Alliances, Angel CapitalistLenders, Intrapreneurial Alliances, Investment Nichmanship, Marketing NicheficationIJSM, Volume 8, Number 2, 2008

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13. CORE COMPETENCIES, COMPETITIVE ADVANTAGE, AND OUTSOURCING IN THE USAIRLINE INDUSTRY
Sunder Raghavan, Embry-Riddle Aeronautical University, Daytona Beach, Florida, USA
Dawna Rhoades, Embry-Riddle Aeronautical University, Daytona Beach, Florida, USAABSTRACT
Sourcing strategy in the service industry has recently received a lot of attention. In a service industry likethe airline industry, safety is an important consideration in an airline’s decision whether to source services
like maintenance internally or externally. In this paper, we examine the issue of safety in outsourcing
airline maintenance operations in the context of the theoretical arguments for outsourcing, namelytransaction cost analysis and core versus supplementary services. Our results indicate that outsourcing
does not affect the safety of the airlines studied. This provides support for the view that airline
maintenance is a non-core, activity best performed outside the firm.
Keywords: service industry, core competencies, airlines, profitability, safety, outsourcing

14. REVISITING THE BALANCED SCORECARD AND INTERNATIONAL COMPONENTSFranklin Ramsoomair, Wilfrid Laurier University, Ontario, CanadaABSTRACT
The Balanced Scorecard (BSC) is a tool that translates strategy into action. In order to succeed,companies need motivated employees to improve business processes which would meet the needs ofcustomers. In order to measure success in the Information Age, financial tools such as general ledgers,
income statements, and balance sheets which measure lagging indicators such as Return on Capital(ROC), Economic Value Added (EVA) and operating margins would have to be complemented with toolsthat measure leading indicators such as employee satisfaction, employee turnover, number of new
products developed, customer satisfaction, and customer loyalty. The BSC forces a company to establish
cause and effect relationships between the ultimate goal of value creation (ROC) and its key drivers(employees, processes, and customers). This is because the BSC is designed to measure both lagging
and leading indicators. This paper will examine the origins of the BSC, outline the steps required toimplement it successfully, evaluate successful implementations and examine its future.
Keywords: Balanced scorecard, leadership, change