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1 – 10 of 16Charis Vlados and Dimos Chatzinikolaou
This study aims to analyze the emergence of a new structural configuration of globalization, with the 2008 global financial crisis serving as the first symptom of this change. By…
Abstract
Purpose
This study aims to analyze the emergence of a new structural configuration of globalization, with the 2008 global financial crisis serving as the first symptom of this change. By introducing the “Evolutionary Structural Triptych” (EST), this research seeks to understand the basic components of the new evolutionary trajectory of global capitalism post-2008. The study places emphasis on its interdependent and coevolving economic, political and technological dynamic facets.
Design/methodology/approach
This research introduces the EST framework, critically contrasting it with conventional understandings in international political economy (IPE) to provide a comprehensive and structured analysis of global developments after 2008. It traces the phases of global capitalism since Second World War, examines the central dynamic dimensions during each evolutionary phase, identifies the basic patterns and delves into the foundational elements of the emerging era of globalization.
Findings
The analysis reveals three key findings. First, the emerging restructured globalization indicates a need for a new balance in the contemporary world system; however, this balance cannot be achieved within the architecture of the old system. Second, the new era of globalization necessitates a re-equilibrated approach across different dimensions of geopolitical stability, economic development and innovation. This approach should emphasize sustainability, adaptability, resilience and inclusivity and lean toward responsible, open and organic innovation models for a revamped global structure. Third, while many current IPE theories tend to compartmentalize aspects of the new globalization, the EST advocates for a holistic perspective that integrates politics, economics and technology within the framework of global trends. This perspective bridges existing gaps and offers actionable insights for a dynamic and inclusive global future.
Originality/value
The paper presents the EST as a novel analytical instrument in the realm of the modern IPE. This tool uniquely places technology and innovation at the forefront, parallel to economic and political spheres, to comprehend the progression of globalization. In doing so, it highlights the intertwined relationship of these structural dimensions in shaping the future of the subject of the IPE.
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Richard W. Puyt, Finn Birger Lie and Dag Øivind Madsen
The purpose of this study is to revisit the conventional wisdom about a key contribution [i.e. strengths, weaknesses, opportunities, threats (SWOT) analysis] in the field of…
Abstract
Purpose
The purpose of this study is to revisit the conventional wisdom about a key contribution [i.e. strengths, weaknesses, opportunities, threats (SWOT) analysis] in the field of strategic management. The societal context and the role of academics, consultants and executives is taken into account in the emergence of SWOT analysis during the 1960–1980 period as a pivotal development within the broader context of the satisfactory, opportunities, faults, threats (SOFT) approach. The authors report on both the content and the approach, so that other scholars seeking to invigorate indigenous theories and/or underreported strategy practices will thrive.
Design/methodology/approach
Applying a historiographic approach, the authors introduce an evidence-based methodology for interpreting historical sources. This methodology incorporates source criticism, triangulation and hermeneutical interpretation, drawing upon insights from robust evidence through three iterative stages.
Findings
The underreporting of the SOFT approach/SWOT analysis can be attributed to several factors, including strategy tools being integrated into planning frameworks rather than being published as standalone materials; restricted circulation of crucial long-range planning service/theory and practice of planning reports due to copyright limitations; restricted access to the Stanford Research Institute Planning Library in California; and the enduring popularity of SOFT and SWOT variations, driven in part by their memorable acronyms.
Originality
In the spirit of a renaissance in strategic planning research, the authors unveil novel theoretical and social connections in the emergence of SWOT analysis by combining evidence from both theory and practice and delving into previously unexplored areas.
Research implications
Caution is advised for scholars who examine the discrete time frame of 1960–1980 through mere bibliometric techniques. This study underscores the risks associated with gathering incomplete and/or inaccurate data, emphasizing the importance of triangulating evidence beyond scholarly databases. The paradigm shift of strategic management research due to the advent of large language models poses new challenges and the risk of conserving and perpetuating academic urban legends, myths and lies if training data is not adequately curated.
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Ndivhuho Tshikovhi, Fulufhelo Netswera and Bruno De Conti
The US dollar (USD) has served as a global reserve currency over the past eight decades without contest. Also referred to as the Petrodollar, the US dollar has been perceived as a…
Abstract
The US dollar (USD) has served as a global reserve currency over the past eight decades without contest. Also referred to as the Petrodollar, the US dollar has been perceived as a hegemonic currency that is detrimental to the economic aspirations of the developing world for many years. Recent efforts by developing countries to diversify their currency reserves away from the US dollar have raised serious anxieties in the Global North as much as it has raised hopes about the new dawn for the economies of the Global South away from unfettered US dollar dominance. However, a possible transition from the US dollar as a reserve currency worldwide is far more complex as the emerging economies, especially Brazil, Russia, India, China, and South Africa (BRICS), have not necessarily embraced a singular stance beyond the general acceptance that the status quo can no longer hold. The potential decline of the US dollar's role in global finance presents a conundrum that deserves dedicated scholarly inquiry. The implications of the de-dollarization for the BRICS nations at this juncture are opportune enough to deserve an academic inquiry. Therefore, this study examines the role of the BRICS banks in the rising power of de-dollarization.
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Jeong Rok Oh, Cho Hyun Park and Kyungmin Baek
Despite the burgeoning interest in corporate universities (CUs), their pragmatic application and ongoing evolution present challenges. This study aims to analyze the South Korean…
Abstract
Purpose
Despite the burgeoning interest in corporate universities (CUs), their pragmatic application and ongoing evolution present challenges. This study aims to analyze the South Korean CU landscape from a balanced perspective to draw implications for the sustainable development of CUs.
Design/methodology/approach
The study uses a case study method to systematically explore CUs in South Korea by reviewing the South Korean government reports on CUs. The cases of CUs are analyzed based on the holistic model of CUs, which functions as an analytical framework.
Findings
By analyzing four groups of CUs, namely, in-house colleges, corporation colleges, technical colleges and in-house college-type lifelong educational establishments, implemented in South Korea, this study draws implications for the sustainable development of CUs, using the holistic CU model.
Originality/value
By analyzing cases of CUs from a new perspective, this study contributes to expand knowledge on CUs and suggests implications for organizations aiming to establish and sustain their own CUs tailored to their specific needs. Furthermore, this paper delves into the support necessary for the successful implementation and sustainable development of CUs, spanning organizational/team, national and individual levels.
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Taking instances from extant findings from the literature, the study aims to examine the community perception toward renewable energy (RE) off-grid (mini-grid/microgrid…
Abstract
Purpose
Taking instances from extant findings from the literature, the study aims to examine the community perception toward renewable energy (RE) off-grid (mini-grid/microgrid) intervention, the underlying rationales for engagement of communities in RE off-grid projects, the different alternatives/models to engage communities in various phases of RE off-grid project deployment.
Design/methodology/approach
The study has followed the structured literature review to explore the identified research question of the study.
Findings
Based on findings from the review, the framework for effective community engagement in RE mini-grid projects is suggested. Furthermore, the study also draws suggestions and implications for future research and practice.
Practical implications
Based on such understanding the present study offers the framework which suggests the steps for the engagement of the communities in the off-grid projects. The key steps are managing the perception of the community (including generation of awareness among the community), planning for the benefits of the community, linkage the sustainable development goals (SDG), planning for the inclusion of the community and measuring performance (in the line of social and economic criteria and SDG).
Originality/value
This study finds the gap in the literature on the nexus of community, off-grid energy projects and SDG. Following the findings from the scholars in this field, a few gaps in the policy and practice have been highlighted which could be useful for practitioners and policymakers in this area.
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Melike Mermercioglu and Deniz Tuncalp
This paper aims to reassess Professor Ibrahim Kavrakoğlu’s contributions to management, focusing on his Total Management Quality (TMQ) concept. It examines how his ideas offer an…
Abstract
Purpose
This paper aims to reassess Professor Ibrahim Kavrakoğlu’s contributions to management, focusing on his Total Management Quality (TMQ) concept. It examines how his ideas offer an alternative and practical perspective, emphasizing the integration of theory and practice across various contexts.
Design/methodology/approach
This paper uses a multidisciplinary approach, integrating a literature review of Kavrakoğlu’s works and interviews with his collaborators. It compares his management theories to prominent scholars like Michael Porter and Peter Drucker. The framework emphasizes Kavrakoğlu’s intellectual contributions within the context of broader critiques of management scholarship.
Findings
Kavrakoğlu’s work, particularly the concept of TMQ, provides an alternative by offering a holistic approach, integrating quality management across strategic, operational and human resources dimensions. His locally adapted concepts, such as 3D Data-Driven Decision-Making, Asymmetric Education, Synergic Management and Knowledge Leveraging provide practical tools widely applied in Turkish industries but overlooked globally.
Research limitations/implications
Based on Kavrakoğlu’s works and firsthand testimonials, further empirical research is needed to explore the practical applications of his theories.
Practical implications
Kavrakoğlu’s principles provide valuable insights for integrating global theories with local business realities, improving overall managerial quality and decision-making in various contexts. This study highlights the importance of incorporating diverse management perspectives to enrich management education and practice.
Social implications
By emphasizing the contributions of management thinkers from diverse cultural backgrounds, this study promotes inclusivity and broadens the global discourse in management education and practice.
Originality/value
This study highlights Kavrakoğlu’s overlooked contributions, emphasizing his practical impact on management and advocating for a more inclusive view of global management history.
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Syed Ali Raza, Darakhshan Syed, Syed Rizwan and Maiyra Ahmed
John Hudson and Ashley Weinberg
Despite extensive psychometric research on psychosocial assessment tools, comparatively little explores the practical application and evaluation of these tools for prioritising…
Abstract
Purpose
Despite extensive psychometric research on psychosocial assessment tools, comparatively little explores the practical application and evaluation of these tools for prioritising workplace psychosocial risks. This paper addresses this gap by illustrating the use of one popular, freely available measure in an applied risk assessment context, alongside qualitative data, highlighting questions and challenges for organisations.
Design/methodology/approach
1,425 employees from a UK public-sector organisation completed the Management Standards Indicator Tool (MSIT), General Health Questionnaire, and open-text questions about stress-related and positive aspects of work. Three approaches to analysing MSIT data were adopted: descriptive statistics, multiple regression and risk calculation, complemented by analysis of open-text qualitative data.
Findings
Demands and change were ranked prominently by each method; however, there were major inconsistencies, for example, relationships ranked first using one method but sixth by another. Qualitative comments broadly reflected quantitative analyses, with demands mentioned most frequently, but highlighted issues and nuances not covered by the MSIT.
Research limitations/implications
Only a selection of potential approaches to analysis is considered here, future research to support employers with analysis and evaluation of quantitative risk assessment data would be valuable.
Practical implications
Risk-assessors’ choice of analysis could have major implications for where employers direct resources, supporting existing guidance to avoid sole reliance on quantitative surveys for risk assessment.
Originality/value
This paper builds on the necessary–but not sufficient–psychometric foundations of risk assessment tools, integrating qualitative data and illustrating questions and challenges in applying them for their stated purpose.
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Ava Santana Barbosa, Joanna Carneiro Delgado, Letícia Conceição Quintela de Alcântara, Carlos Jefferson de Melo Santos and Angelo Marcio Oliveira Sant’Anna
This paper aims to propose a framework to assess the readiness of Brazilian small and medium service companies to use Industry 4.0 technologies to improve the efficiency of…
Abstract
Purpose
This paper aims to propose a framework to assess the readiness of Brazilian small and medium service companies to use Industry 4.0 technologies to improve the efficiency of processes, reinforcing the idea that evaluating and planning the implementation is as important as the use, without the need for big investments.
Design/methodology/approach
The paper presents two applications on the readiness level of small and medium enterprises, with support from researchers and stakeholders. The literature seems to focus more on the maturity level than on providing a sequence of operational steps or decision support. It would lead to better implementation of I4.0 technologies in assessing the company’s readiness level to adopt them.
Findings
The authors analyze the relevant case studies in Brazilian small and medium service enterprises based on the proposed framework to investigate the main challenges and hardships for Industry 4.0 readiness in the current scenario and outline directions to increase their readiness for adopting key Industry 4.0 technologies. Moreover, the case studies consolidate a fundamental advantage to small and medium enterprise service: a guided implementation provides more knowledge about products, processes and I4.0 technologies, even in unsuccessful case studies.
Practical implications
The need was identified when studying market trends with the digital transformation provided by Industry 4.0 technologies and, in parallel, the difficulties of small and medium service companies in adapting to this new scenario. Through the proposed framework, an action plan can be drawn up with well-defined objectives, goals and activities so that the service enterprises can increase their Industry 4.0 readiness level within three months.
Originality/value
A relevant aspect is that this study is based on feedback from stakeholders and managers, which makes the analyses and conclusions from empirical points of view without relevant theoretical knowledge of the relationship between I4.0 technologies. Therefore, the proposed framework made it possible to diagnose the organization’s external and internal environments, allowing the ideal condition and the current situation of the companies to be compared, as argued in the Industry 4.0 readiness literature review.
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