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Exxon's higher earnings in 1983 came despite the continuation of a three‐year decline in oil demand. Now, however, a turnaround in oil demand appears to have taken place. In the first quarter of this year, the quantity of Exxon's product sales increased 4 percent in the United States and 6 percent abroad. While volume growth at these rates is more than can reasonably be expected for the full year, given the continuing incentives for energy conservation, it is a welcome indication of the strength of the economic recovery that is spreading around the world. More significant than increased demand, however, are the steps Exxon has taken to improve company operations and to increase its resource base.

It is understandable that, after a decade of oil worries, consumers and their governments should find joy in today's oil market. According to Department of Energy data, the real cost of a barrel of internationally traded oil has fallen somewhere between 25 and 40 percent over the past two years. While this poses problems for the international banking community and a number of oil‐producing nations, most experts are convinced that for the world as a whole it means higher economic growth and lower inflation.

The major oil companies of 1995 are very different in strategy, structure, and management systems from the “Seven Sisters” that dominated the oil industry during the 1960s and 1970s. In a decade of downsizing, the oil majors have reduced their number of employees by an average of almost 30%, while during that same period, average revenues have increased by 10%.

Recognizing the demand for a reliable subjective instrument to gather information on walking to occupational activities on the neighbourhood scale, this paper outlines the Neighbourhood Walking to Occupational Activities Questionnaire (NWOAQ) recently developed at the Department of Architecture, University of Strathclyde. The approach follows reliable techniques in the design of questionnaires including the analysis of currently available instruments, interviews with the potential case study participants, and the use of the Theory of Planned Behaviour (TPB). It describes the testing of NWOAQ, following a ‘mixed method' adopted to sample the population of three case studies in Basra City, in Iraq (Al-Saymmar, Al-Mugawleen, and Al-Abassya). Cronbach's ‘Alpha Test' (Cronbach, 1951) was conducted on three significant variables selected; ‘the perceived environment' variables; the ‘constructs of the TPB' variables; and the ‘walking outcome' variables. This displayed different alpha levels, which were; 0.76; 0.74; and 0.87, respectively. Based on CAT, the level of internal consistency that would render a group of indicators reliable should be no less than 0.60.

Leadership has a powerful influence on learning and development in today's organizations. Various types of leadership have been found to be conducive to building a learning organization. This empirical study compared the effect of transformational and servant leadership on a learning organization (an organization that constantly transforms itself using learning and development techniques) in the context of Chinese small- and medium-sized enterprises (SMEs).

Four proposed hypotheses were tested using structural equation modeling.

The results show that servant leadership has no significant relationship to learning organization, whereas transformational leadership is a strong predictor.

This research compares two different leadership styles and presents theoretical and practical implications for scholars and practitioners. In particular, this study advances our understanding of how and which leadership style relates to learning organization by examining a structural model with three latent variables: servant leadership, transformational leadership, and learning organization.

SEPTEMBER is the month when, Summer being irrevocably over, our minds turn to library activities for the winter. At the time of writing the international situation is however so uncertain that few have the power to concentrate on schemes or on any work other than that of the moment. There is an immediate placidity which may be deceptive, and this is superficial even so far as libraries are concerned. In almost every town members of library staffs are pledged to the hilt to various forms of national service—A.R.P. being the main occupation of senior men and Territorial and other military services occupying the younger. We know of librarians who have been ear‐marked as food‐controllers, fuel controllers, zone controllers of communication centres and one, grimly enough, is to be registrar of civilian deaths. Then every town is doing something to preserve its library treasures, we hope. In this connexion the valuable little ninepenny pamphlet issued by the British Museum on libraries and museums in war should be studied. In most libraries the destruction of the stock would not be disastrous in any extreme way. We do not deny that it would be rather costly in labour and time to build it up again. There would, however, be great loss if all the Local Collections were to disappear and if the accession books and catalogues were destroyed.

Describes COMPASS, which was developed under the Apparel Manufacturing Technology Center (funded by the US Defense Logistics Agency) to assist the apparel industry in evaluating the viability of new equipment. The need for a product such as COMPASS was previously defined through a survey of equipment acquisition decision methods used by manufacturing, with emphasis on the apparel industry. This research, combined with other research results, concluded that current practices could be improved in several key ways. First, the payback criterion was used often inappropriately as a measure of investment viability rather than a measure of risk. Second, the use of net present value as a decision criterion, while superior to payback, was itself deficient in practice. COMPASS was designed to address these deficiencies by including benefits not previously quantified (thus correcting analyses previously biased against adoption of new technologies), and by recognizing that it will never be possible to quantify all the benefits, to offer an alternative, non‐traditional, and qualitatively based decision‐making procedure.

WE look before and after at the beginning of 1951. The three cardinal dates in the history of the public library movement—which is only the larger part of the national library service—were 1850 which saw the legal origin of the movement; 1919 when it was set free from the enforced poverty of sixty‐nine years, and 1950 when it reached what until today was its veritable apotheosis. General recognition, such as authority from the Crown to the humblest journal gave to public libraries, was something undreamed of not more than thirty years ago. Perhaps, now that some of the splendour of the commemoration has taken more sober colours, it is well to consider what was gained by it. First, the recognition is there and can scarcely be belittled by anyone hereafter; we stand on a somewhat different platform now. We have the extremely valued recognition of our colleagues from libraries overseas. From these advantages all libraries and not only public libraries will in their own way profit.

Creativity is often referred to as a seedbed of innovation. As such it holds the key to better performance and the competitiveness of firms. To better understand how creativity influences birth and commercialization of innovations and productive efficiency of firms the paper investigates how hiring of employees with different creative skills impacts innovation process and productivity. The purpose of this paper is to determine the role of creativity in innovation behavior and productive efficiency of firms.

Theoretical framework of the paper rests on pillars of evolutionary, Schumpeterian and endogenous growth literature contributions to the economics of innovation. The multi-stage analytical framework is applied to examine contribution of creativity to the decision of firms to innovate, investment in innovation activities, commercialization of innovations and firm efficiency. The econometric techniques of generalized tobit and simultaneous equations framework are applied to confidential data from the UK Innovation Survey in 2010-2012 period.

The investigation broadens our understanding of factors and forces that shape innovation process and improve productive efficiency of firms. It provides empirical evidence on an impact of the effectiveness of innovation process on the productivity of firms. The results reveal that creative skills contribute to the generation of novel ideas and investment in research and development but the ability to meet customer requirements draws from other organizational skills such as marketing or organizational innovations. Differences are revealed among economic sectors with respect to the forces driving the innovation process.

Further research will be needed to investigate cross-country differences in management of creativity and its contribution to the innovation process and productivity. The limited availability of data on creativity and innovation activities of firms presents the most important limitation in this sense. The framework set by this paper can serve as direction for further investigations.

The results provide implications to managers regarding the management of innovation process. First, the study reveals how creative potential of employees can be optimally exploited in different stages of innovation process. Second, the research highlights number of other factors relevant in this process from the utilization of information, subsidies and the general management of human resources. Finally, the results suggest that sectoral heterogeneity should be taken into account in management of innovation activities of individual firms.

While the impact of creativity on innovation has been addressed previously, this paper is one of first attempts to examine the linkages between management of creativity, effectiveness of innovation process and productive efficiency of firms within a single framework. One of reasons for this is the fact that it relies on the confidential dataset of firms not easily accessible to researchers.