This article is an attempt to present and explain the role played by the Polish business groups in the institutional system of the European Union （EU）.This article presents the forms of representing the interests of...This article is an attempt to present and explain the role played by the Polish business groups in the institutional system of the European Union （EU）.This article presents the forms of representing the interests of Polish business groups in the institutional system of the European Union.展开更多
'Acompany shall have its commitment to build a century-old business if it hopes to continue operation for a long time.'John Soo is the third generation of Chinese immigrants in Malaysia and CEO of Ally Biz Int...'Acompany shall have its commitment to build a century-old business if it hopes to continue operation for a long time.'John Soo is the third generation of Chinese immigrants in Malaysia and CEO of Ally Biz International Group. His forefathers were engaged in traditional plantation business. As a new-generation Malaysian Chinese who have received higher education and worked in many international companies as accountant or CEO, John Soo found that the business opportunities in traditional plantation industry has becoming slim. The challenge is to seek a better business project for new breakthroughs.展开更多
"We are pleased to announce another quarter of profitable growth,"said Dr.Roland Fischer,CEO of Oerlikon Group."Our positive performance confirms that our strategy addresses attractive markets,our initi..."We are pleased to announce another quarter of profitable growth,"said Dr.Roland Fischer,CEO of Oerlikon Group."Our positive performance confirms that our strategy addresses attractive markets,our initiatives and activities are delivering positive results,and we are able to take advantage of the growth momentum and opportunities in our end markets.Consequently,we are in a position to increase our full-year expectations for the second time this year."展开更多
After ten years of deploitation and enterprising, ten years of efforts, and ten years of manoeuvring among various political groupings, Maidilang has started from a small family factory of over RMB30,000, finally grow...After ten years of deploitation and enterprising, ten years of efforts, and ten years of manoeuvring among various political groupings, Maidilang has started from a small family factory of over RMB30,000, finally grown into a group company with total展开更多
Blockchain is one of the innovative and disruptive technologies that has a wide range of applications in multiple industries beyond cryptocurrency.The widespread adoption of blockchain technology in various industries...Blockchain is one of the innovative and disruptive technologies that has a wide range of applications in multiple industries beyond cryptocurrency.The widespread adoption of blockchain technology in various industries has shown its potential to solve challenging business problems,as well as the possibility to create new business models which can increase a firm’s competitiveness.Due to the novelty of the technology,whereby many companies are still exploring potential use cases,and considering the complexity of blockchain technology,which may require huge changes to a company’s existing systems and processes,it is important for companies to carefully evaluate suitable use cases and determine if blockchain technology is the best solution for their specific needs.This research aims to provide an evaluation framework that determines the important dimensions of blockchain suitability assessment by identifying the key determinants of suitable use cases in a business context.In this paper,a novel approach that utilizes both qualitative(Delphi method)and quantitative(fuzzy set theory)methods has been proposed to objectively account for the uncertainty associated with data collection and the vagueness of subjective judgments.This work started by scanning available literature to identify major suitability dimensions and collected a range of criteria,indicators,and factors that had been previously identified for related purposes.Expert opinions were then gathered using a questionnaire to rank the importance and relevance of these elements to suitability decisions.Subsequently,the data were analyzed and we proceeded to integrate multi-criteria group decision-making(MCGDM)and intuitionistic fuzzy set(IFS)theory.The findings demonstrated a high level of agreement among experts,with the model being extremely sensitive to variances in expert assessments.Furthermore,the results helped to refine and select the most relevant suitability determinants under three important dimensions:functional suitability of the use case,organizational applicability,and ecosystem readiness.展开更多
This paper examines executive compensation in the subsidiaries of business groups in China. Analyzing a sample of China business groups(the so-called"Xi Zu Ji Tuan" in Chinese) from 2003 to 2012, we find con...This paper examines executive compensation in the subsidiaries of business groups in China. Analyzing a sample of China business groups(the so-called"Xi Zu Ji Tuan" in Chinese) from 2003 to 2012, we find convincing evidence of the use of Relative Performance Evaluation(RPE) in the executive compensation of the subsidiaries of business groups. Specifically, when the change in performance of one subsidiary is lower than that of the other subsidiaries,the change in its executive compensation is significantly lower. Further, when the business group is private and the level of marketization is high, the subsidiary's executive compensation is more likely to be influenced by the performance of the other subsidiaries. This research improves our understanding of the decision mechanisms of executive compensation in business groups and enriches the literature on executive compensation and business groups.展开更多
We examine whether business groups' influence on cash holdings depends on ownership. Group affiliation can increase firms' agency costs or benefit firms by providing an internal capital market, especially in t...We examine whether business groups' influence on cash holdings depends on ownership. Group affiliation can increase firms' agency costs or benefit firms by providing an internal capital market, especially in transition economies characterized by weak investor protection and difficult external capital acquisition. A hand-collected dataset of Chinese firms reveals that group affiliation decreases cash holdings, alleviating the free-cash-flow problem of agency costs.State ownership and control of listed firms moderate this benefit, which is more pronounced when the financial market is less liquid. Group affiliation facilitates related-party transactions, increases debt capacity and decreases investmentcash-flow sensitivity and overinvestment. In transitional economies, privately controlled firms are more likely to benefit from group affiliation than statecontrolled firms propped up by the government.展开更多
Considering the special requirements of group enterprise information management software, a new method of massive software development was put forward basing on the component technology and facing the ＂assemblage＂. ...Considering the special requirements of group enterprise information management software, a new method of massive software development was put forward basing on the component technology and facing the ＂assemblage＂. It generalizes five key parts of the method system including the overall strategy, the application project method basing on the operation ＂assemblage＂, the field project method basing on component, the development method facing the component on the basis of the visible component platform, and the software development process model basing on the component ＂assemblage＂. Besides, this paper describes the process and principle of this method application with an example of the construction of a Communications Investment Group enterprise＇s management information system. The method provides a new idea for breaking away from the predicament appeared in the construction of present enterprise informatization and exploring the way of software industrialization.展开更多
Barney and Hoskisson （1990） argue that the strategic group research has neither established the existence of strategic groups, nor their relationship to firm performance. The primary reason behind the unsatisfactory...Barney and Hoskisson （1990） argue that the strategic group research has neither established the existence of strategic groups, nor their relationship to firm performance. The primary reason behind the unsatisfactory results is the lack of a theoretical framework： what strategic variables to include in the analysis and their relative importance; the definition of an industry, and how to make competitive strategy operational. First, the author presents a customer-oriented theory of management which submits that, like Procter and Gamble, understanding customers should be the primary focus of a business. Second, the author proposes an integrated approach to competitive strategy. Because customer-perceived quality is far more critical to long-term success than any other factor, it should be the centerpiece of competitive strategy. The author suggests that competitive strategy should be divided in two interdependent dimensions： external and internal. It is the external strategy that should be considered the primary dimension because it reflects the customers＇ perspective, and provides a sense of direction regarding how the internal resources should be used. Next, the author presents an operational framework of competitive strategy which proposes that the best route to market share leadership in consumer markets is competing in the mid-price segment, offering superior quality compared to competition at a somewhat higher price： （1） to maintain an image of quality, and （2） to ensure that the strategy is profitable and sustainable. Finally, the author offers a framework of business or industry definition that extends Abell＇s （1980） three dimensions to seven. He suggests that an integrated approach to market segmentation provides the foundation for conducting strategic group analysis in consumer markets. So, in strategic group research, we need a bottom-up approach that begins with a product-market segment. In each product market, real competition occurs at the brand level. This is the ground where actual competitive wars are fought, and this is where the rich dynamics of competition often come to light.展开更多
This paper mainly analysis of group buying website based on O2O model. This new e-business model which has great development potential attracted many entrepreneurs. The related theories of network group-buying model w...This paper mainly analysis of group buying website based on O2O model. This new e-business model which has great development potential attracted many entrepreneurs. The related theories of network group-buying model were collected. The problems existed in this new e-business model were discussed and analyzed with professional management knowledge. Corresponding suggestions and measures were also given.展开更多
文摘This article is an attempt to present and explain the role played by the Polish business groups in the institutional system of the European Union （EU）.This article presents the forms of representing the interests of Polish business groups in the institutional system of the European Union.
文摘'Acompany shall have its commitment to build a century-old business if it hopes to continue operation for a long time.'John Soo is the third generation of Chinese immigrants in Malaysia and CEO of Ally Biz International Group. His forefathers were engaged in traditional plantation business. As a new-generation Malaysian Chinese who have received higher education and worked in many international companies as accountant or CEO, John Soo found that the business opportunities in traditional plantation industry has becoming slim. The challenge is to seek a better business project for new breakthroughs.
文摘"We are pleased to announce another quarter of profitable growth,"said Dr.Roland Fischer,CEO of Oerlikon Group."Our positive performance confirms that our strategy addresses attractive markets,our initiatives and activities are delivering positive results,and we are able to take advantage of the growth momentum and opportunities in our end markets.Consequently,we are in a position to increase our full-year expectations for the second time this year."
文摘After ten years of deploitation and enterprising, ten years of efforts, and ten years of manoeuvring among various political groupings, Maidilang has started from a small family factory of over RMB30,000, finally grown into a group company with total
文摘Blockchain is one of the innovative and disruptive technologies that has a wide range of applications in multiple industries beyond cryptocurrency.The widespread adoption of blockchain technology in various industries has shown its potential to solve challenging business problems,as well as the possibility to create new business models which can increase a firm’s competitiveness.Due to the novelty of the technology,whereby many companies are still exploring potential use cases,and considering the complexity of blockchain technology,which may require huge changes to a company’s existing systems and processes,it is important for companies to carefully evaluate suitable use cases and determine if blockchain technology is the best solution for their specific needs.This research aims to provide an evaluation framework that determines the important dimensions of blockchain suitability assessment by identifying the key determinants of suitable use cases in a business context.In this paper,a novel approach that utilizes both qualitative(Delphi method)and quantitative(fuzzy set theory)methods has been proposed to objectively account for the uncertainty associated with data collection and the vagueness of subjective judgments.This work started by scanning available literature to identify major suitability dimensions and collected a range of criteria,indicators,and factors that had been previously identified for related purposes.Expert opinions were then gathered using a questionnaire to rank the importance and relevance of these elements to suitability decisions.Subsequently,the data were analyzed and we proceeded to integrate multi-criteria group decision-making(MCGDM)and intuitionistic fuzzy set(IFS)theory.The findings demonstrated a high level of agreement among experts,with the model being extremely sensitive to variances in expert assessments.Furthermore,the results helped to refine and select the most relevant suitability determinants under three important dimensions:functional suitability of the use case,organizational applicability,and ecosystem readiness.
基金the National Natural Science Foundation of China (Approval Number: 71272199) for financial support
文摘This paper examines executive compensation in the subsidiaries of business groups in China. Analyzing a sample of China business groups(the so-called"Xi Zu Ji Tuan" in Chinese) from 2003 to 2012, we find convincing evidence of the use of Relative Performance Evaluation(RPE) in the executive compensation of the subsidiaries of business groups. Specifically, when the change in performance of one subsidiary is lower than that of the other subsidiaries,the change in its executive compensation is significantly lower. Further, when the business group is private and the level of marketization is high, the subsidiary's executive compensation is more likely to be influenced by the performance of the other subsidiaries. This research improves our understanding of the decision mechanisms of executive compensation in business groups and enriches the literature on executive compensation and business groups.
基金financial support from the National Natural Science Foundation of China (Project No. 71402005)Social Science Foundation of Beijing (Project No. 15JGC155)
文摘We examine whether business groups' influence on cash holdings depends on ownership. Group affiliation can increase firms' agency costs or benefit firms by providing an internal capital market, especially in transition economies characterized by weak investor protection and difficult external capital acquisition. A hand-collected dataset of Chinese firms reveals that group affiliation decreases cash holdings, alleviating the free-cash-flow problem of agency costs.State ownership and control of listed firms moderate this benefit, which is more pronounced when the financial market is less liquid. Group affiliation facilitates related-party transactions, increases debt capacity and decreases investmentcash-flow sensitivity and overinvestment. In transitional economies, privately controlled firms are more likely to benefit from group affiliation than statecontrolled firms propped up by the government.
基金Supported by the National Natural Science Foundation of China (60572162)
文摘Considering the special requirements of group enterprise information management software, a new method of massive software development was put forward basing on the component technology and facing the ＂assemblage＂. It generalizes five key parts of the method system including the overall strategy, the application project method basing on the operation ＂assemblage＂, the field project method basing on component, the development method facing the component on the basis of the visible component platform, and the software development process model basing on the component ＂assemblage＂. Besides, this paper describes the process and principle of this method application with an example of the construction of a Communications Investment Group enterprise＇s management information system. The method provides a new idea for breaking away from the predicament appeared in the construction of present enterprise informatization and exploring the way of software industrialization.
文摘Barney and Hoskisson （1990） argue that the strategic group research has neither established the existence of strategic groups, nor their relationship to firm performance. The primary reason behind the unsatisfactory results is the lack of a theoretical framework： what strategic variables to include in the analysis and their relative importance; the definition of an industry, and how to make competitive strategy operational. First, the author presents a customer-oriented theory of management which submits that, like Procter and Gamble, understanding customers should be the primary focus of a business. Second, the author proposes an integrated approach to competitive strategy. Because customer-perceived quality is far more critical to long-term success than any other factor, it should be the centerpiece of competitive strategy. The author suggests that competitive strategy should be divided in two interdependent dimensions： external and internal. It is the external strategy that should be considered the primary dimension because it reflects the customers＇ perspective, and provides a sense of direction regarding how the internal resources should be used. Next, the author presents an operational framework of competitive strategy which proposes that the best route to market share leadership in consumer markets is competing in the mid-price segment, offering superior quality compared to competition at a somewhat higher price： （1） to maintain an image of quality, and （2） to ensure that the strategy is profitable and sustainable. Finally, the author offers a framework of business or industry definition that extends Abell＇s （1980） three dimensions to seven. He suggests that an integrated approach to market segmentation provides the foundation for conducting strategic group analysis in consumer markets. So, in strategic group research, we need a bottom-up approach that begins with a product-market segment. In each product market, real competition occurs at the brand level. This is the ground where actual competitive wars are fought, and this is where the rich dynamics of competition often come to light.
文摘This paper mainly analysis of group buying website based on O2O model. This new e-business model which has great development potential attracted many entrepreneurs. The related theories of network group-buying model were collected. The problems existed in this new e-business model were discussed and analyzed with professional management knowledge. Corresponding suggestions and measures were also given.
