bluuebunny/crossref_metadata_2025 huggingface dataset:
To the correction of analytical models for computer based communication systems
Authors: Hanuliak Michal , Hanuliak Ivan
Published: October 2006

Purpose

This paper considers correction aspects of computer communication networks modelling with emphasis on their performance evaluation. In general, the problem is to achieve the highest possible performance given constraints on the system.

Design/methodology/approach

The paper reviews the application of the analytical methods, based on the queueing theory, to the computer communication systems and makes an extension of theory to the improvement of the developed analytical models. In this sense the paper describes the derivation of a correction factor for analytical models to study more precise their basic parameters (end‐to‐end delay, performance, etc.).

Finding

The contribution is in incorporating the derived correction factor to account for the real non‐exponential nature of the input to the transmission channels of computer communication systems. The produced results by corrected analytical model are compared with results previously reported in the literature to estimate the magnitude of improvement.

Practical implications

The improved analytical models were tested under various ranges of parameters, which influence the architecture of the computer communication networks and which are important for practical use.

Research limitations/implications

The rapid rate of growth of computer‐based communication systems (e.g. distributed computer networks, mobile data networks) has resulted in a renewed and intensive interest in this area. Efficient design of their service facilities leads to the sharing of resources among users. Such public shared networks are largely oversubscribed by independent users, which make random demands on the network resources. The optimal resource allocation to satisfy such demands and the proper settlement of contention when demands exceed the capacity of the resources, constitute the problem of being able to understand and to predict system behaviour.

Originality/value

To behaviour analysis we can use both analytical and simulation methods. Modelling and simulation are methods, which are commonly used by performance analysts to represent constraints and optimise performance. Principally the application of analytical queuing theory results belongs to the preferred method in comparison to the simulation method, because of their ability to analyse also very large networks.
Misplaced paranoia over subliminal advertising: what's the big uproar this time?
Authors: Broyles Sheri J.
Published: October 2006

Purpose

The purpose of this article is to revisit the concept of subliminal advertising as a response to August Bullock's recent book The Secret Sales Pitch: An Overview of Subliminal Advertising.

Design/methodology/approach

Citing published research and using Bullock's own words, this article refutes Bullocks viewpoint of subliminal advertising.

Findings

The article finds that Bullock's book is based on his personal interpretation while he ignores research that refutes his claims.

Practical implications

The concept of subliminal advertising cannot be substantiated by only opinion, and research does not support the concept.

Originality/value

The article questions this newest view of subliminal advertising and reminds marketers, advertisers, and consumers of subliminal advertising being an invalid concept.
Using multiple methods to identify theme lines for media marketing campaigns to promote Medicare information sources
Authors: Williams Sunyna S. , Koepke Christopher P.
Published: October 2006

Purpose

The purpose of this study is to use multiple consumer research methods to examine perceptions of theme lines for media campaigns to promote awareness of Medicare information sources.

Design/methodology/approach

Participants were senior Medicare beneficiaries, their informal family caregivers, and coming‐of‐agers who will shortly be eligible for Medicare. To permit comparisons among methods, both qualitative focus groups data and quantitative Q‐sort data were collected, and the Q‐sort data were analyzed using both a tailored software package and a major software package.

Findings

The two most preferred lines were “answers to your health care questions” and “helping you help yourself”. Relative preference for those two lines varied across five identified information audience groups with different age and income profiles.

Research limitations/implications

Future investigations to identify theme lines for various communication information audiences within this population should also examine disabled non‐senior Medicare beneficiaries, that is, those eligible due to disability rather than age. More broadly, future research should explore the use of Q‐sort data to conduct similar analyses with other populations and for other sorts of marketing communication campaigns.

Practical implications

The major practical implication is the demonstration of the collection and analysis of Q‐sort data, using a major software package, to identify theme lines to target different information audiences for advertising and marketing communication campaigns.

Originality/value

This study demonstrated the feasibility and efficiency of using Q‐sort methodology to identify theme lines and of analyzing the data using a major software package.
Bright Lights Shine at Area Studies Symposium
Authors: Walsh John
Published: October 2006

Purpose

To report on the Area Studies Symposium at the University of Arizona.

Design/methodology/approach

The article provides a summary of the symposium.

Findings

Area Studies has a unique following at each institution and no two collections are alike.

Originality/value

Confirms the growing importance of Area Studies in the Academic Library.
The surpluses and shortages in business‐to‐business marketing theory and research
Authors: Sheth Jagdish N. , Sharma Arun
Published: October 2006

Purpose

Business‐to‐business marketing has come of age in the last three decades and research in this area has been extensive and impressive. This paper examines the extant body of business‐to‐business marketing research and identifies surpluses and shortages with the goal of stimulating future research.

Design/methodology/approach

This paper focuses on two questions regarding future business‐to business marketing. First, what has been the focus of understanding in business‐to‐business marketing theory and what should be its future focus? Second, what has been the purpose or objective to study business‐to‐business marketing and what should be the future objective for research?

Findings

It is found that research in business‐to‐business marketing is fundamentally changing and will continue to change. The paper identifies areas of business‐to‐business marketing research that have received surplus attention and areas that require additional attention.

Practical implications

The paper provides guidelines for future exploration of the business‐to‐business research domain.

Originality/value

The paper is analogous to the widely cited paper by Sheth (1979) that reviewed the state of consumer behavior research and identified areas that had been unexplored or under‐explored, and in the process provided an impetus for new research in consumer behavor.
A network perspective of account manager performance
Authors: Hutt Michael D. , Walker Beth A.
Published: October 2006

Purpose

The paper seeks to provide a conceptual model of the account management process that isolates the social connections of more versus less effective account managers.

Design/methodology/approach

The sales performance research tradition is reviewed and a social network perspective is offered to explore the web of internal working relationships that account managers activate to acquire customer and competitor information and create solutions for customers.

Findings

Available evidence suggests that network size, network range, and network diversity are among the relational properties that may influence account manager performance. By building a strong network of relationships both within the firm as well as within the customer organization, high‐performing account managers, compared with their peers, are better able to diagnose customer requirements, mobilize internal experts, and choreograph the activities that are required to out‐maneuver rivals and create the desired customer solution.

Practical implications

The information‐acquisition practices of high‐performing account managers provide a template for improving customer relationship management (CRM) systems and processes.

Originality/value

The paper demonstrates the value of a social network perspective in advancing knowledge of account manager performance.
Blurring the lines: is there a need to rethink industrial marketing?
Authors: Wind Yoram (Jerry)
Published: October 2006

Purpose

Given the dramatic changes in the business environment, the purpose of the paper is to stimulate readers to challenge their mental models of business and industrial marketing, and consider the implications of the blurring of the lines between industrial and consumer marketing.

Design/methodology/approach

The paper is a reflection on the evolution of the discipline of industrial marketing since the author's first publication in this area 40 years ago, and an analysis of the impact on this discipline of five interrelated forces of change including: the convergence of B2B and B2C driven by the advances in the internet and rise of small businesses; the prevalence of outsourcing and creation of value networks across firms and countries; the opening of corporate R&D, manufacturing and marketing to the involvement of empowered customers; bridging the functional silos within the firm; and the movement from an “industrial” to a “knowledge” based society and the blurring of products, services, and customer experience.

Findings

The lines between consumer and business marketing are increasingly blurred by new technologies and business models. Researchers and practitioners need to re‐examine their mental models of business and industrial marketing in light of these changes.

Research limitations/implications

The blurring of the lines has many implications, including moving from focusing on buyers to stakeholders, recognizing new forms of relationships with empowered consumers, re‐examining the role of outsourcing, bridging disciplinary silos, recognizing the importance of brand equity, utilizing information and communications technology, focusing on the total customer experience, addressing emerging markets, re‐examining the role of marketing research and modeling, and rethinking the use of dashboards. By recognizing these changes, one can build upon the foundation of the field to develop innovative approaches to both business and consumer markets.

Originality/value

A call to debate the need to redefine and rethink the discipline, and even rethink the title and focus of the Journal of Business & Industrial Marketing.
Women in educational administration within developing countries
Authors: Oplatka Izhar
Published: October 2006

Purpose

This paper seeks to set the stage for the exploration of female leadership in educational systems within developing countries by reviewing the current research on women in educational administration within developing countries and suggesting future directions for further research on this subject in non‐western countries.

Design/methodology/approach

The paper is based partially on a systematic review of 13 English‐language papers that have been published in peer‐reviewed journals in educational administration, gender studies in education, and comparative education.

Findings

The review points to particular barriers to women's career advancement in educational systems within developing countries (e.g. strong family obligations, low levels of girl education, majority of men in teaching positions), unique career experiences (e.g. the important role of the father), and to the adoption of “androgynous” leadership style by the few women administrators in these countries.

Practical implications

Future directions for further exploration of this area of study are suggested (e.g. adopting a different theoretical view, the policy influences).

Originality/value

The paper is an initial attempt to accumulate knowledge about the life and work of women administrators and educators in developing countries, an issue that has received marginalized attention in the extended research on gender and educational administration. Likewise, the paper provides researchers with suggestions for new empirical directions of high importance to the understanding of women administrators' lives and work in different cultural settings.
A longitudinal examination of the asymmetric impact of employee and customer satisfaction on retail sales
Authors: Keiningham Timothy L. , Aksoy Lerzan , Cooil Bruce , Peterson Kenneth , Vavra Terry G.
Published: October 2006

Purpose

The purpose of this research is to examine changes in, and consistency of customer and employee satisfaction for asymmetry with regard to sales changes for a large US specialty goods retailer.

Design/methodology/approach

The data came from a 125 store US specialty goods retailer. Customer and employee data represent surveys administered by the firm in 2000 and 2001. Over 34,000 customer questionnaires and 3,900+ employee questionnaires were collected for the study. Pearson correlations and CHAID analyses were used to test the hypotheses.

Findings

For satisfaction (employee and customer) to impact changes in sales, perceived performance standards on some dimensions must be consistently delivered and changes in satisfaction levels must cross attribute‐specific threshold levels.

Research limitations/implications

As the data comes from a single retailer, it is not possible to conclusively generalize these findings to all other retailers, or to other industries.

Practical implications

For managers, the typical reliance on simple mean employee or customer satisfaction scores or indexes is unlikely to adequately explain changes in sales. Managers must achieve satisfaction levels on those attributes where consistent performance is linked to sales. Additionally, given the threshold nature of the relationship, it is critical that managers be certain that efforts designed to improve satisfaction do so in sufficient force so as to reach levels that correspond with increasing sales.

Originality/value

While the literature has shown asymmetry in the relationship between customer satisfaction and customer behavior, to date no research has examined possible asymmetry in employee satisfaction data and business performance. Furthermore, analyses of asymmetry in customer satisfaction data have largely focused on cross‐sectional data and individual‐level customer data (as opposed to business performance indicators). Understanding the asymmetric nature of the examined relationships should result in better allocation and use of marketing resources.
Dimensions of price differential policies and seller trustworthiness: a social justice perspective
Authors: Guiltinan Joseph
Published: October 2006

Purpose

This research seeks to identify three dimensions of price differential policies that influence judgments of the distributive, procedural, and informational justice of the policies and of the trustworthiness of the seller.

Design/methodology/approach

Four price differential policies were compared in a between‐subjects design. Subjects responded to scenarios in which they paid more than a friend for the same product because of a particular policy. Policies were compared on perceptions of fairness (using the social justice framework) and on perceptions of the seller's benevolence and credibility.

Findings

Consumer judgments of the informational and procedural justice of each policy depend on three key policy dimensions: whether or not all consumers are informed about how a discount could be obtained; whether consumers who received the discount were pre‐selected on the basis of their traits versus whether they received the discount because of some aspect of their transaction process behavior; and whether or not consumers could influence the amount of the price differential. Additionally, perceptions of procedural justice and informational justice have differential influence on the credibility and benevolence dimensions of trust.

Originality/value

The research offers the first empirically based generalizations about designing price differential policies that can minimize negative consumer judgments of the policy and of the seller. Additionally, the use of a social justice framework yields important insights on the multidimensional nature and consequences of fairness judgments.
Price‐end biases in financial products
Authors: Varki Sajeev , Sabherwal Sanjiv , Della Bitta Albert , Moore Keith M.
Published: October 2006

Purpose

The paper seeks to show that marketing and psychology literature can shed light on why investors exhibit preferences for certain price ends. The perspective adopted is that the stock market is a marketplace in which investors, as consumers, buy and sell (i.e. exchange) financial products such as stocks.

Design/methodology/approach

The paper analyzes trading data from the stock exchanges to empirically test propositions about investor behaviorvis‐à‐viscertain price ends of interest derived from the marketing and psychology literature.

Findings

Investors, as consumers, favor price‐ends of 0 and 5 more than price‐ends of 9, in that they trade more frequently and more aggressively at these price ends. Further, even price ends of 0 are favored more than odd price ends of 5.

Practical implications

The results of the study shed light on how the cognitive bias of the consumer thwarts the otherwise efficient functioning of the financial market.

Originality/value

The paper uses market‐level data to gain insights into the cognitive process of the individual investor, in addition to teasing out specific biases that have not been identified earlier in the literature. It extends the study of consumer behavior to non‐traditional, but consequential, marketplaces such as the stock market.
A story in small lessons magnified: the creation of an online campus
Authors: White Karen M.
Published: October 2006

Purpose

This paper aims to outline the beginnings of online education.

Design/methodology/approach

This article is a narrative account by an “early adapter” of her initiation into online learning, at a time when few people could even conceive the potentialities of the mode and nobody could clearly envision them.

Findings

This article reveals a side to the endeavor that is usually edited out of more formal histories, which focus primarily on major discoveries – the untidy process of coming to terms with new possibilities in the course of daily life, while struggling with both incomprehension of one's peers and personal uncertainties of one's own.

Originality/value

The article illustrates how innovation is driven not simply by pragmatic needs as much as by the lure of the unknown.
The case study: storytelling in the industrial age and beyond
Authors: Benjamin Barbara
Published: October 2006

Purpose

Storytelling is traditionally associated with an oral tradition, dating back to the age of the hunter‐gatherer. Beginning with the etymology of the word, “story,” this article attempts to show how both written and oral storytelling evolved in relation to changing needs in society, from story telling among hunter‐gatherers to current forms of storytelling in today's organizational settings.

Design/methodology/approach

This article examines the various forms of storytelling, from its origins in prehistoric times to the post‐Industrial Age, with emphasis on the case study as storytelling in the Industrial Age and beyond.

Findings

The forms and applications of storytelling continually expand to meet the expanding needs of society throughout human history. Storytelling today, as in the past, can be useful as a tool for defining, securing and shaping people's existence in relation to both their culture and their universe. Storytelling is particularly valuable for ensuring one's survival in today's continually changing global environment.

Practical implications

Storytelling has always played a role in the evolution and survival of cultures. Today, as the world experiences rapid and continual change, it is more important than ever to identify and expand the forms and applications of storytelling to help people and organizations prepare for evolution and survival in an unfamiliar future.

Originality/value

This article expands the definition of storytelling, from Stonehenge to blogs, in the context of people's continual search for ways to define, secure and shape their existence in relation to both their culture and their universe. Currently, most societies across the globe are in a period of rapid transition and continual change. During this transition, it is vital to expand understanding of the evolving forms and applications of storytelling so that one can continue in the tradition of using stories to define, preserve and shape society.
A reformulated asset pricing model based on contrarian strategies
Authors: He Zhongzhi (Lawrence) , Kryzanowski Lawrence
Published: October 2006

Purpose

Researchers have proposed characteristics‐based pricing models as an alternative to risk‐based pricing models. While supported empirically, these characteristic‐based models lack theoretical support. This paper seeks to reformulate an asset‐pricing model (RAPM) to demonstrate why firm characteristics help to explain stock returns.

Design/methodology/approach

The RAPM is grounded in an economic setting where two groups of agents hold different beliefs about firm fundamental values, and the more sophisticated group (rationals) adopts contrarian strategies against the naïve group (quasis). The model is derived in a static equilibrium within the consumption‐investment framework with heterogeneous agents.

Findings

The key theoretical result is a parsimonious equation of cross‐sectional expected returns that not only are specified by the traditional risk‐return relation, but also are determined by contrarian adjustments at both market‐wide and firm‐specific levels. When the model is taken to empirical specifications, it leads to consistent explanations for the behaviors of growth and value stocks, and for size and book‐to‐market effects.

Research limitations/implications

The RAPM is a one‐period model that assumes that “rationals” have perfect knowledge about “quasis” sentiment parameter and their relative market weights. In future research, it is planned to extend this static model to multiple periods to incorporate a learning process by which “rationals” learn these parameters over time.

Practical implications

The RAPM clearly identifies four criteria for implementing arbitrage opportunities in investments. These criteria formalize the common practices in the mutual/hedge fund industry.

Originality/value

The paper develops an original framework that formally supports the characteristics‐based models. It offers insights for researchers in behavioral finance and guidelines for investment practitioners.
Acceptance sampling plans based on failure‐censored step‐stress accelerated tests for Weibull distributions
Authors: Wook Chung Sang , Sung Seo Young , Young Yun Won
Published: October 2006

Purpose

The paper aims to present acceptance sampling plans based on failure‐censored step‐stress accelerated life tests for items having Weibull lives.

Design/methodology/approach

The model parameters are estimated by the method of maximum likelihood. Based on asymptotic distribution theory, the sample size and the acceptability constant are determined satisfying the producer's and consumer's risks. The step‐stress accelerated life test is optimized to have a minimum sample size by minimizing the asymptotic variance of test statistic. Two modes of step‐stress accelerated life test are considered, and a comparison between them is made. The proposed sampling plans are compared with the sampling plans based on constant stress accelerated life tests.

Findings

Asymptotic variance is a dominating factor in determining the sample size required for a sampling plan to determine the acceptability of a lot. The sample size is minimized by optimally designing a step‐stress accelerated life test so that the asymptotic variance is minimized.

Originality/value

The sampling plans presented in this paper are particularly useful when items to be tested are so reliable and are useful to reliability engineers and life test planners.
Emerging paradigms in the Indian marketplace
Authors: Shukla Paurav
Published: October 2006

Purpose

This special issue aims to present India as one of the world's most promising and fastest growing economies, with multinational companies eager to invest.

Design/methodology/approach

Examines the eight articles and the contribution of each to an important aspect of marketing in the region.

Findings

The issue provides insights from both organizational and consumer perspectives; provides various methodological insights in researching the Indian marketplace; being specifically focused on India, the findings are applicable in the Indian market context which has a need for customized tools and marketing strategies.

Originality/value

This issue will assist practitioners, researchers and budding marketers, eyeing India as a potential market, and adds to the existing debate on emerging paradigms in the Indian marketplace on several fonts.
An investigation into how individual and organisational consumption is affected when dealing with SME organisations from emerging economies
Authors: Sethna Zubin
Published: October 2006

Purpose

The present study seeks to investigate how individual and organisational consumption is affected when dealing with small and medium‐sized enterprise (SME) organisations from emerging economies.

Design/methodology/approach

Using ethnographic in‐depth interviews, data were collected from 20 Indian UK‐based “buyers” who have either previously bought or are currently buying from organisations based in India. Investigates the perceptions surrounding challenges and/or benefits held by these 20 SMEs. Identified areas such as inter‐cultural blending, community support, country‐of‐origin effects, generational shifts and finally, attitudes towards quality, price, consistency, and branding.

Findings

Findings indicate that the respondents did not vary at all on their collective perceptions about buying from emerging economies, specifically, India. The over‐riding issue that was highlighted many times over was one of “trust in the relationship” between buyer and seller. Findings also suggest the need to take a holistic view on the whole arena of “marketing paradigms for emerging economies”. Despite a climate of increased globalization, an intensification of international contact of businesses, increased travel of executives, and an enlarged overseas education by Indians, there still seems to be a vast gap between the perceptions that are held by India‐based executives and their UK counterparts (high cultural distance).

Research limitations/implications

Conclusions outline information that may potentially be useful to Indian suppliers for use as a reference guideline when entering relationships with UK‐based customers, of either a similar or indeed dissimilar cultural background.

Originality/value

Adds to existing knowledge of how individual and organisational consumption is affected when dealing with SME organisations from emerging economies.
Innovation generation in charity promotional web sites
Authors: Bennett Roger
Published: October 2006

Purpose

This study aims to examine the influence on the intensity of web site innovation of the extent and depth of the relationship between a fundraising charitable organisation and its external web site developer, and to evaluate the factors that modify this relationship.

Design/methodology/approach

Heads of fundraising in 166 UK charities known to employ the services of outside web site developers completed a questionnaire concerning, inter alia, the frequencies, durations, natures and degrees of closeness of their interactions with these firms, the characteristics of their charities' internal knowledge management systems, the levels of the user interface complexity of their organisations' web sites, and how they searched for fresh ideas for web site improvement. Responses to these queries were then linked to the intensities of the innovation generation activities of the sample organisations and hence to the extents of their satisfaction with their web sites' performances.

Findings

The magnitude and depth of charity‐developer interactions significantly affected the intensity of web site innovation generation. This connection was significantly moderated by the importance of the charity as a client of the web site development firm. Certain other variables significantly influenced the intensity of innovation generation.

Research limitations/implications

Less than a majority of the sampling frame (30 per cent) participated in the study. Further research is required to establish why a number of variables that previous literature in the general innovation generation field has found to impact on innovation intensity (user interface complexity, for example) failed to attain significance in the fundraising charity context.

Practical implications

Charity fundraisers need to appreciate that the effective management of relationships with their web site developers is crucial for facilitating web site innovation and performance.

Originality/value

This research is the first to investigate the determinants of the web site innovation activities of charitable organisations, and to compare the conclusions of prior studies of general innovation generation with outcomes pertaining specifically to web site innovation.
EU spectrum reform and the Wireless Access Policy for Electronic Communications Services (WAPECS) concept
Authors: Akalu Rajen
Published: October 2006

Purpose

To provide an evaluation of an EU spectrum policy proposal aimed at furthering the goals of the i2010 Information Society initiative.

Design/methodology/approach

This paper revisits the methodology premised on neoclassical principles devised by Ronald Coase. An evaluation of EU spectrum reform based on the work of J.R. Commons is proposed.

Findings

The approach by Coase fails to take into account the need for institutional reform of the spectrum management process. The approach of J.R. Commons identifies areas that will have to be addressed if the proposals for EU spectrum reform are to be met.

Research limitations/implications

The methodology advanced by J.R. Commons provides a more complete account of interdependent variables associated with spectrum management and is likely to lead to workable solutions to this complex policy problem. However, it is less theoretically coherent than Coase's model.

Practical implications

Recommendations for reform and problem areas are suggested that consider both market and extra‐market valuation of the spectrum resource.

Originality/value

This paper addresses this issue and provides an alternative model based on institutional economic analysis using the methodology given by J.R. Commons.
Divestiture as a strategic option for change in NITEL: lessons from the BT and AT&T experience
Authors: Udechukwu Ojiako G. , Maguire Stuart
Published: October 2006

Purpose

As NITEL, Nigeria's former national carrier, has been unable to cope with provision requirements needed by the country to support its development needs, this has led to changes in the attitude of the Nigerian government to competition within the industry. It is the contention of this paper that NITEL could learn from progress already made by its counterparts (such as BT and AT&T) in developed countries such as the UK and USA, especially in the area of regulation and divestiture.

Design/methodology/approach

In order to examine these issues, this problem is addressed from two perspectives. In the first place, a comparison is carried out between the Nigerian telecommunications industry and progress already made in the UK and US telecommunications industry. In addition, although contextual differences do exist between the developed UK and US industry and the developing Nigerian market, such a comparison is seen as feasible based on previous research in this field. Arguably, it is suggested that divestiture amongst the numerous strategic initiatives is an option NITEL can explore.

Findings

The paper accepts that former monopolies BT and AT&T have developed divestiture theory and practice to address its failures. The question is whether these theories and practices might help NITEL address its challenges.

Research limitations/implications

It is acknowledged that limitations within the paper might exist which may have impacted on the conclusion. In the first place, it could be argued that the existence of contextual differences between developed and developing telecommunications markets limits comparison between NITEL and BT/AT&T. Second, to an extent, it could be viewed as difficult to argue that divestiture successes in BT and AT&T could equate to similar successes in NITEL, especially considering the different economic realities NITEL has had to operate in. Third, it is also appreciated that it is difficult to effectively discuss the impact of a divestiture of NITEL without considering the significant changes in the use of telephony in Nigeria, i.e. the significant and increasing switch from fixed to mobile services.

Originality/value

The paper analyzes telecommunications companies in developing economies.
USA Patriot Act: five years and counting, but still more work to be done
Authors: Sorcher Alan E.
Published: October 2006

Purpose

To summarize three implementing rules issued over the past year under the USA Patriot Act by the US Treasury Department Financial Crimes Enforcement Network (“FinCEN”) and to make some basic recommendations designed to help firms improve their overall anti‐money laundering compliance efforts.

Design/methodology/approach

Summarizes three rules issued in the past year that are of particular significance to the securities industry: the final 312 rule for foreign correspondent and private banking accounts; the insurance company AML program and Suspicious Activity Reporting (“SAR”) rules; and the mutual fund SAR rule.

Findings

Makes the following recommendations for firms to improve their anti‐money laundering efforts: suspicious activity monitoring should fit your firm; information sharing may help fact gathering; anti‐money laundering programs should be applied across the firm; invest in training; and audit is an invaluable tool.

Originality/value

The Patriot Act, in a short amount of time, has had a major impact on the way securities firms and all financial institutions conduct business. Notwithstanding the achievements of the public and private sectors in implementing the USA Patriot Act, more can be done. While the USA Patriot Act provides significant tools to combat illicit activity, to be successful law enforcement and industry must continue to coordinate their efforts, and work hand‐in‐hand.
The conflicting roles of the new New York Stock Exchange
Authors: Kramer George R. , Sorcher Alan E.
Published: October 2006

Purpose

To examine whether the New York Stock Exchange (NYSE) in its recent rule changes has provided the appropriate separation between its supervisory authority and the management of the Exchange.

Design/methodology/approach

Describes the regulatory and governance structure proposed by the NYSE in connection with its public offering; discusses policy objections the security industry has made to the proposal, reviews responses by the NYSE and the Securities and Exchange Commission (SEC) to those objections; and discusses what steps might be on the horizon to better rationalize the regulatory and business side of the new for‐profit NYSE.

Findings

The NYSE's proposal should provide for regulatory consolidation with the NASD. The proposal heightens the conflict between a for‐profit exchange and its regulatory function. The proposal governance structure ignores the fact that NYSE LLC is the Exchange and has plenary authority over NYSE regulation. The proposal does not provide fair representation for members. The proposal does not provide appropriate treatment of market data.

Originality/value

Provides a comprehensive view of recent changes to the NYSE's regulatory and governance structure and issues raised by the securities industry in response to those changes.
Should you stay or go? Private fund adviser registration after Goldstein
Authors: Harman Thomas S. , Parry Monica L.
Published: October 2006

Purpose

To discuss factors that a private fund advisor should consider in its decision to remain registered with Securities and Exchange Commission (SEC) or to deregister in light of the D.C. Court of Appeals June 2006 decision in Goldstein v. Securities and Exchange Commission.

Design/methodology/approach

Analyzes and compares the advantages and disadvantages of staying registered and deregistering; discusses the requirements of state registration for advisers that are note registered with the SEC; and analyzes the consequences to private fund advisors if the SEC does not repropose certain rule amendments adopted along with Rule 203(b)(3)‐2 concerning bookkeeping, performance fees, and custody.

Findings

Advisers should carefully consider their facts and circumstances and their business plans when analyzing the consequences of deregistration with the SEC – most importantly, the possibility of multiple state registration – before filing to deregister. Especially if the SEC restores the rule amendments the Goldstein decision struck down, staying with the SEC – the regulator you know – may be better than registering with a state.

Originality/value

Provides an up‐to‐date analysis of factors that private funds should consider concerning SEC registration in light of the recent Goldstein decision.
A classification and selection model of e‐marketplaces for better alignment of supply chains
Authors: Sharifi H. , Kehoe D.F. , Hopkins J.
Published: October 2006

Purpose

To provide a contingent framework for the classification and selection of e‐marketplaces has been developed.

Design/methodology/approach

The framework is developed from a review of relevant literature and examined through conducting case studies, two of which are reported in the paper.

Findings

A number of e‐business classification models are proposed. The key model dimensions considered are the nature of the products/services to be traded, the ownership/formation of the marketplace and the level of functionality/relationships exhibited by the trading exchange. The strategic role of an e‐marketplace is also identified as being dynamic in nature over the product/market lifecycle and the ongoing development of information systems and technologies.

Research limitations/implications

The paper considers the power, relationship and behavioural aspects associated with the formation of e‐marketplaces but this is not the specific focus of the work undertaken.

Practical implications

The cases demonstrated that supporting future products customisation strategies using e‐marketplaces appeared to be only possible if sufficient confidence and expertise is developed within the companies and their supply chain, and also the fear of disruption and disintegration of the chain is overcome.

Originality/value

The paper combines a strategically important concept with empirical and practical considerations.
Assessment of technological innovations in patenting for 3rd party logistics providers
Authors: Jim Wu Yen‐Chun
Published: October 2006

Purpose

To analyse logistical innovations from 1984 to 2003.

Design/methodology/approach

The approach concerned analysing the use of patents retrieved from major patent databases to create a picture of logistical innovations.

Findings

Confirmation that the use of patent statistics can depict an overall picture of technological innovation in the logistics sector. Logistics firms can be innovative by making good use of patent data.

Research limitations/implications

Logistics researchers and practitioners take advantage of recent improvements in the quality and availability of patent statistics rather seriously; in other fields many do not see the relevance.

Practical implications

Customers will begin to rely on 3PL service providers beyond distribution services for more technological innovation as they successfully expand capabilities into these areas, as well as provide end‐to‐end integration and visibility.

Originality/value

This is a novel and useful approach for examining innovations.
Technology acceptance and m‐commerce in an operational environment
Authors: Snowden Simon , Spafford John , Michaelides Roula , Hopkins John
Published: October 2006

Purpose

To provide a case study in the implementation of mobile technologies in an operations management environment, and viewed through a model for technology acceptance.

Design/methodology/approach

This is an assessment of the technology acceptance model (TAM) through action research, a practical implementation based upon understandings developed in the TAM.

Findings

Provides fresh data to further develop the TAM, shedding light on some of the factors expounded within TAM, and their relationships.

Research limitations/implications

This is not the empirical research required to fully validate the TAM, but is useful in terms of investigating its various features within a detailed case study. It is also useful in terms of the project management implications for the implementation of new technologies.

Practical implications

Useful for those looking at the practical implementation of mobile technologies in an operations environment, and highlights the role of technology acceptance in the project management process.

Originality/value

This paper fulfils an important role in helping to validate the TAM developed by other researchers.
Information technology in supply networks
Authors: Günter Hannes , Grote Gudela , Thees Oliver
Published: October 2006

Purpose

One of the main challenges of supply chain management (SCM) is to improve collaborative planning in supply networks while preserving autonomy of each network member. In order to improve coordination and planning processes across company boundaries supply chain management systems (SCMS;, e.g. shared databases) are introduced in supply networks. Aims to address these issues.

Design/methodology/approach

There is a lack of knowledge about the extent to which SCMS can support collaborative planning processes. The preliminary findings concerning this question are based on a case study of a supply network in the forestry and timber industry.

Findings

The results indicate that the SCMS implemented in this forestry network has had only limited effects on collaborative planning processes so far. One possible explanation for this result is that the SCMS was implemented suboptimally (e.g. modifications of the SCMS were not communicated to users).

Originality/value

Supply networks in forestry have to pay close attention to change management issues when designing and implementing information technology to tap the full potential of SCMS.
Examining knowledge management factors in the creation of new city
Authors: Wang Xuefeng , Lihua Richard
Published: October 2006

Purpose

This paper seeks to address issues of sustainability in the rapid urbanization in China with examination of knowledge management factors in the creation of new Chinese cities.

Design/methodology/approach

A case study was undertaken at Zhengdong New District along with semi‐structured interview mixed with evaluation and content analyses of successful knowledge management factors as the analytical approach.

Findings

This study explores the ongoing revolution of building new cities and towns in China, and highlights the importance of knowledge‐based development in achieving sustainable development. Following the establishment of the theory and model of the knowledge city, it explores the features of knowledge city in practice. Focusing on the case study of Zhengdong New District, Zhengzhou, Henan Province, it examines the factors of knowledge management in the creation of the new city. However, it is believed that the strategic development plan was made following the principles of sustainability. Furthermore, it has been accepted that the strategic plan reflexes the framework and sustains various features of the knowledge city, which could be seen as the embryo of knowledge city in China. In the meantime, it has to be recognised that the outcome of the evaluation of Zhengdong New District, which has been discussed in this paper, is merely the audit of what is currently happening in the first phase of the project and reflexes the current issues, and might give impact to the implementation of municipal government strategy in the future.

Originality/value

This paper concludes that, while the local authority is endeavouring to build a physically modern city, it might have overlooked the importance of using knowledge management principles as a tool to promote social, cultural, and environmental sustainability. Yet the analysis in this paper demonstrates that it is not impossible to use knowledge management framework as a tool to assist policy makers governing the creation of a new city in a sustainable way. The discussion in this paper is expected to be thought‐provoking in a holistic understanding of the theoretical perspective of knowledge city and further research into this field in the Chinese context.
Outcome of peptic ulcer bleeding among users of traditional non‐steroidal anti‐inflammatory drugs and selective cyclo‐oxygenase‐2 inhibitors
Authors: THOMSEN R. W. , RIIS A. , CHRISTENSEN S. , MCLAUGHLIN J. K. , SØRENSEN H. T.
Published: October 2006

Background

Few data exist on the impact of non‐steroidal anti‐inflammatory drug use on peptic ulcer outcome.

Aim

To examine the 30‐day mortality from peptic ulcer bleeding associated with the use of traditional non‐steroidal anti‐inflammatory drugs and newer selective cyclo‐oxygenase‐2 inhibitors.

Methods

Cohort study of patients with a first hospitalization for peptic ulcer bleeding in three Danish counties between 1991 and 2003. Data on pre‐admission non‐steroidal anti‐inflammatory drug use, use of other ulcer‐related drugs and comorbidities were obtained from population‐based registries. Follow‐up data on mortality were obtained from the Danish Civil Registry System.

Results

Of 7232 patients hospitalized for peptic ulcer bleeding, 28% were current non‐steroidal anti‐inflammatory drug users. Thirty‐day mortality was 11% overall, and 13% among current non‐steroidal anti‐inflammatory drug users. Compared with never‐use, the adjusted 30‐day mortality rate ratios were 1.4 (95% CI: 1.1–1.9) for current use of non‐steroidal anti‐inflammatory drugs alone and 1.3 (95% CI: 1.0–1.7) for current use combined with other ulcer‐related drugs. For users of celecoxib, alone and in combination, adjusted mortality rate ratios were 1.4 (95% CI: 0.5–3.9) and 2.0 (95% CI: 1.2–3.5), and for users of rofecoxib, 1.2 (95% CI: 0.4–3.9) and 0.9 (95% CI: 0.5–1.6).

Conclusion

Among patients hospitalized with peptic ulcer bleeding, use of non‐steroidal anti‐inflammatory drugs, including some newer cyclo‐oxygenase‐2 inhibitors, is associated with increased short‐term mortality.