Franchising networks are experiencing great success in international business organization. Few books try to explain the characteristics of these networks. Contrary to the existing literature this book tackles more theoretical problems related to governance, organization, knowledge management, contract design, incentive and regulation issues both from the economic and management view point. It delivers new theoretical and empirical results regarding plural forms, contract design, and knowledge and strategic management issues. Its purpose is to offer researchers and practitioners new...
Franchising networks are experiencing great success in international business organization. Few books try to explain the characteristics of these n...
How do managers of a firm choose between alternative finan cial policies? Can the choice of a particular financial policy affect the value of the firm? Since the early 1960s, the debate on these questions has been lively and interesting as economists have inves tigated the effect on the value of the firm of relaxing the various assumptions in the celebrated Modigliani-Miller theory. Further more, even if we stick to the MM-assumptions (that is, we assume perfect and complete capital markets, no taxes and symmetric information), and we therefore know that only optimally chosen investments...
How do managers of a firm choose between alternative finan cial policies? Can the choice of a particular financial policy affect the value of the firm...
This collection of fifteen original articles results from a cooperative intensive program of research on the German capital market. The program objectives included the development of expertise in modern empirical methods in financial economics and the derivation of results that might be specific to the German capital market. The four parts of the book are dedicated to: - problems of market structure and organization - information and capital market - risk and return - futures and options Altogether, the book gives an overview of empirical research on capital markets in...
This collection of fifteen original articles results from a cooperative intensive program of research on the German capital market. The program object...
The variety of new banking products, developed to accomodate the increased customer needs, provides a clear indication of the changes that the banking industry has undergone during the last two decades. Due to this there is a need of advanced quantitative analysis for risk management, information technology, quality management, etc. The implementation of these approaches in banking management is in accordance with the finding that empirical procedures are no longer adequate to address with increasing complexity of the banking industry. All the above issues are included in the edited volume,...
The variety of new banking products, developed to accomodate the increased customer needs, provides a clear indication of the changes that the banking...
In today's competitive environments enterprises face diminishing market life spans, increasing pressure on profit margins and increasingly complex c- tomer requirements. Thus in their operations, modern organizations have to find a high-level balance between dynamics, complexity and precision in order to best utilize their markets. Organization Theory and Industrial En- neering, the disciplines on hand helping industry to cope with this challenge, soon identified process optimizations as the key to possible solutions. Many efforts have been undertaken to provide sound theoretical models to...
In today's competitive environments enterprises face diminishing market life spans, increasing pressure on profit margins and increasingly complex c- ...
In January 2000, Mercedes-Benz started to implement the Mercedes-Benz Prod- tion System (MPS) throughout its world-wide passenger car plants. This event is exemplary of a trend within the automotive industry: the creation and introduction of company-specific standardised production systems. It gradually emerged with the introduction of the Chrysler Operating System (COS) in the mid-1990s and represents a distinct step in the process towards implementing the universal pr- ciples of lean thinking as propagated by the MIT-study. For the academic field of industrial sociology and labour policy,...
In January 2000, Mercedes-Benz started to implement the Mercedes-Benz Prod- tion System (MPS) throughout its world-wide passenger car plants. This eve...
This book uses risk in its dictionary meaning as the probabiHty of an unde sirable outcome, and has two research questions: when managers make de cisions, what leads them to choose a risky alternative? and: what deter mines whether the decision proves correct? Answers to these questions form a model of decision making that explains the process and results of managers' risk-taking in the real world. There is an extensive literature on risk and decision making because the topic has been of interest in many disciplines since at least the 18 DEGREES DEGREES century. Thus insights on the research...
This book uses risk in its dictionary meaning as the probabiHty of an unde sirable outcome, and has two research questions: when managers make de cisi...
Challenged by increasing competition and globalization, third party logistics service providers (3PLs) can become more successful by focusing on customer loyalty. Within long-term customer relationships, 3PLs can offer more advanced logistics services, mitigate the risk of substitution, realize higher profit margins, and avoid new customer acquisition costs. In order to effectively manage customer loyalty, 3PLs need to be aware of the factors that influence loyalty. In addition, they have to understand the effects of different relationship conditions and cultural background on loyalty...
Challenged by increasing competition and globalization, third party logistics service providers (3PLs) can become more successful by focusing on cu...
This book examines a topic of paramount importance to those doing business with China: the impact of personal relationships (guanxi) on business affairs. It shows that the commercial utilization of guanxi with suppliers, customers, competitors and authorities yields significant sustainable competitive advantages. Coverage also assesses guanxi-based business strategies in terms of compliance with legal and ethical standards.
This book examines a topic of paramount importance to those doing business with China: the impact of personal relationships (guanxi) on business af...
Customer integration in the early innovation phase has been considered the method of choice in theory and practice. Growing experience with the concept has shown unexpected side effects that may even outweigh its recognized advantages. Therefore, management needs to be able to assess in advance whether the involvement of customers will add overall value to each particular innovation project. To support but not to replace the final managerial decision, a mathematical formula is developed. It can be applied to all kinds of process structures, takes into account the risks and benefits...
Customer integration in the early innovation phase has been considered the method of choice in theory and practice. Growing experience with the con...
