Search results for "Operations"

Competitive advantage and strategy formulation

2005

Purpose – The aim of this paper is to promote the use of dynamic capabilities as a strategic tool of the highest order in terms of firm management.Design/methodology/approach – The content of the article is developed from a table that offers some insights into the relationship between the three theoretical perspectives analyzed in the paper: resource‐based view, knowledge‐based view and dynamic‐capabilities view.Findings – The paper describes the evolution that can be discerned in the process of developing competitive advantage, from a resource‐based view to a dynamic‐capabilities framework.Originality/value – The objective of the article was not to bring to light any new revelations in thi…

The contribution of dynamic marketing capabilities to service innovation and performance

2015

Innovation can become a sustainable competitive advantage for service firms. However, there is lack of empirical research on how marketing capabilities support innovation. This study differentiates between operational and dynamic marketing capabilities, the latter related to strategic marketing, marketing planning and market knowledge skills. Based on a sample of 152 service firms, the results show that operational marketing capabilities influence on those dynamic marketing capabilities. Strategic marketing and marketing planning capabilities impact positively on firm's performance while market knowledge capabilities impact positively on service innovation.

On the signaling effect of reward-based crowdfunding: (When) do later stage venture capitalists rely more on the crowd than their peers?

2021

Abstract Venture capitalists (VCs) make only a small number of investments and are more likely to invest in ventures where other VCs have invested previously. As such, valuable opportunities may be forgone if they are not funded by VCs in the first place. We demonstrate how crowdfunding (CF) can remedy this concern. Using a sample of new technology-based ventures, we reveal that ventures initially funded through reward-based CF can be even more likely than those initially backed by VCs in attracting follow-up funds from VCs. This happens when ventures originally funded via reward-based CF complement the certification they derive from CF with patents and a founding team with a track record o…

Selecting the best risk measure in multiobjective cash management

2018

A critical review on supply chain risk – Definition, measure and modeling

2015

Abstract Economic systems are increasingly prone to complexity and uncertainty. Therefore, making well-informed decisions requires risk analysis, control and mitigation. In some areas such as finance, insurance, crisis management and health care, the importance of considering risk is largely acknowledged and well-elaborated, yet rather heterogeneous concepts and approaches for risk management have been developed. The increased frequency and the severe consequences of past supply chain disruptions have resulted in an increasing interest in risk. This development has led to the adoption of the risk concepts, terminologies and methods from related fields. In this paper, existing approaches for…

Uncertain outcome presentations bias decisions: experimental evidence from Finland and Italy

2016

Even in their everyday lives people are expected to make difficult decisions objectively and rationally, no matter how complex or uncertain the situation. In this research, we study how the format of presentation and the amount of presented information concerning risky events influence the decision-making process, and the propensity to take risk in decision makers. The results of an exploratory survey conducted in Finland and in Italy suggest that decision-making behavior changes according to the way the information is presented. We provide experimental evidence that different representations of expected outcomes create distinct cognitive biases and as a result affect the decisions made. Th…

Modeling risk perception in ATIS context through Fuzzy Logic

2011

Abstract This research is aimed at investigating the effect of accuracy of ATIS (Advanced Traveller Information Systems) in terms of route choices and travellers concordance to informative system. A Stated Preference Experiment has been made by using a Travel Simulator developed at the Technische Universiteit of Delft (The Netherlands). During the experiment respondents have been asked to make repeated route choices in presence of ATIS. Two kinds of information have been tested: descriptive (respondents are provided with the estimated travel times on each route), and prescriptive (respondents are provided with the estimated shortest route). For each kind of information four levels of accura…

Determining the appropriate timing of the next forest inventory: incorporating forest owner risk preferences and the uncertainty of forest data quali…

2017

Key message The timing to conduct new forest inventories should be based on the requirements of the decision maker. Importance should be placed on the objectives of the decision maker and his/her risk preferences related to those objectives. Context The appropriate use of pertinent and available information is paramount in any decision-making process. Within forestry, a new forest inventory is typically conducted prior to creating a forest management plan. The acquisition of new forest inventory data is justified by the simple statement of “good decisions require good data.” Aims By integrating potential risk preferences, we examine the specific needs to collect new forest information. Meth…

Is integration of Uncertainty Management and The Last Planner System a good idea?

2018

The Last Planner System (LPS) is a tool for project planning and control, and is an important contribution from Lean Construction. LPS focuses on scheduling, task coordination and time management. Uncertainty Management (UM) is a key element in Project Management, where uncertainty is the totality of opportunities (potential upsides) and risks (potential downsides). UM addresses all types of uncertainty (related to cost, time, quality, scope, safety, customer satisfaction, company reputation, etc.). The aim of UM is to exploit the opportunities and reduce the risks. Two construction companies involved in this research are working with both LPS and UM. One has extensive experience with LPS, …

A root cause analysis method for preventing erratic behavior in software development: PEBA

2019

Measures taken to prevent faults from being introduced or going undetected can secure development of highly reliable software systems. One such measure is analyzing root causes of recurring faults and preventing them from appearing again. Previous methods developed for this purpose have been reactive in nature and relied heavily on fault reporting mechanisms of ogranizations. Additionally, previous efforts lack a defined mechanism for innovating corrective actions. In this study, we strive to complement the existing methods by introducing a proactive and qualitative method that does not rely on fault data. During the course of the research, in addition to an extensive literature search, an …