As founders of First Interstate BancSystem, which held $8.6 billion in assets and had recently become a public company, and Padlock Ranch, which had over 11,000 head of cattle…
Abstract
As founders of First Interstate BancSystem, which held $8.6 billion in assets and had recently become a public company, and Padlock Ranch, which had over 11,000 head of cattle, the Scott family had to think carefully about business and family governance. Now entering its fifth generation, the family had over 80 shareholders across the US. In early 2016, the nine-member Scott Family Council (FC) and other family and business leaders considered the effectiveness of the Family Governance Leadership Development Initiative launched two years earlier. The initiative's aim was to ensure a pipeline of capable family leaders for the business boards, two foundation boards, and FC.
Seven family members had self-nominated for governance roles in mid-2015. As part of the development initiative, each was undergoing a leadership development process that included rigorous assessment and creation of a comprehensive development plan. As the nominees made their way through the process and other family members considered nominating themselves for future development, questions remained around several interrelated areas, including how to foster family engagement with governance roles while guarding against damaging competition among members; how to manage possible conflicts of interest around dual employee and governance roles; and how to extend the development process to governance for the foundations and FC. The FC considered how best to answer these and other questions, and whether the answers indicated the need to modify the fledgling initiative.
This case illustrates the challenges multigenerational family-owned enterprises face in developing governance leaders within the family. It serves as a good example of governance for a large group of cousins within a multienterprise portfolio. Students can learn and apply insights from this valuable illustration of family values, vision, and mission statement.
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The calculation of economic capital in its entirety has, until recently, been complex. But increasingly it has become a risk‐management system across entire groups. The author…
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The calculation of economic capital in its entirety has, until recently, been complex. But increasingly it has become a risk‐management system across entire groups. The author looks at how it can be done and analyses the advantages it creates.
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In May 2016, Aleks Eror’s op-ed article ‘Dear fashion industry: Stop making up bogus subcultures’ on the HighSnobiety website accuses the fashion industry of creating…
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In May 2016, Aleks Eror’s op-ed article ‘Dear fashion industry: Stop making up bogus subcultures’ on the HighSnobiety website accuses the fashion industry of creating ‘quasi-subcultures’, such as Normcore, Seapunk and Health Goth to promote specific fashion trends via the Internet. Eror argues that these fashion subcultures do not exist in resistance to mainstream culture (as he understands subcultures), but instead offer the specific fashions and their designers cache for being associated with a counterculture and connecting with alternative trends. Setting aside Eror’s narrow understanding of subcultures, he raises questions of authenticity and the current state of virtual fashion subcultures.
Still, there is evidence of these subcultures online and growing in substantial numbers regardless of their inception. Furthermore, persons identifying themselves with these groups practice alternativity, which delineates their scenes, artefacts, and practices from those of mainstream Western society. I pursue questions of authenticity regarding these recent fashion subcultures who appear to emerge in close proximity to the launch of specific fashions. The author explores the ways in which these fashion subcultural experiences differ from known subcultures. The author investigates notions of constructed resistance and perceived alternativity and marginalization, as well as how that positionality manifests into a fashion subculture identity.
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Jeremy Clegg and Susan Scott-Green
In the literature on U.S. foreign direct investment (FDI) into the European Community, a consensus has emerged that U.S. multinational enterprises (MNEs) have been in the vanguard…
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In the literature on U.S. foreign direct investment (FDI) into the European Community, a consensus has emerged that U.S. multinational enterprises (MNEs) have been in the vanguard of corporate integration in Europe. This research on Japanese FDI has found evidence that Japanese MNEs have also adopted an integrated strategy in their servicing of the European market, although the UK appears to be the one country that has attracted a disproportionate amount of FDI. Nevertheless, it appears that Japanese firms have, like their U.S. counterparts, been responsive to the development of a pan-European market. Accordingly, it can be concluded that Japanese firms have contributed directly to the economic integration of Europe via their FDI.
Purpose – Rural–urban divides characterize many violent internecine conflicts. The lack of rural development is often cited as an underlying structural cause of this phenomenon…
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Purpose – Rural–urban divides characterize many violent internecine conflicts. The lack of rural development is often cited as an underlying structural cause of this phenomenon, and thus strengthening rural–urban linkages is often touted as a way of dismantling the structural conditions for internecine violence. This chapter attempts to identify how both the strength and the form of rural–urban linkages influence the intensity of insurgent violence.
Methodology – Using geographic information systems, this chapter analyzes the intensity of specific violent attacks by rural insurgent groups in Maoist India as a function of rural–urban linkages and transportation network redundancy.
Findings – It finds that the degree of interconnectivity in transportation networks is a more robust determinant of restraint among violent actors than the sheer strength of rural–urban linkages. Production networks characterized by highly networked road systems are more likely to incent restrained behavior among rebel groups, which may be dependent on taxation or extortion through obstruction.
Limitations/implications – The chapter quantitatively analyzes a phenomenon, but does not identify causal mechanisms driving it. The policy implication is that providing transportation infrastructure within rural areas may be a more effective guard against insurgent violence than connecting urban and rural areas.
Originality – The chapter makes a methodologically unique link between the large existing literature on rural–urban linkages, and the growing literature on trade networks in violent conflict.
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Jing‐Lin Duanmu and Yilmaz Guney
The upsurge of Chinese and Indian outward foreign direct investment (FDI) raises an unanswered question about locational determinants of direct investment from the two countries…
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The upsurge of Chinese and Indian outward foreign direct investment (FDI) raises an unanswered question about locational determinants of direct investment from the two countries. Using an unbalanced bilateral FDI database, we find that Chinese and Indian FDI are attracted to countries with large market size, low GDP growth, high volumes of imports from China or India, and low corporate tax rates. We also find important differences between China and India. While Chinese FDI is drawn to countries with open economic regimes, depreciated host currencies, better institutional environments, and English speaking status, none of these factors are important for Indian FDI. Chinese FDI is also deterred by geographic distance and OCED membership. However, neither of these has any impact on Indian FDI.
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Argues regulations should establish a geographically comprehensive lattice of competing, independently owned, network interconnection points from which telephony operators are…
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Argues regulations should establish a geographically comprehensive lattice of competing, independently owned, network interconnection points from which telephony operators are required to provide zero‐price telephony call termination. Concludes that intrusive regulation of intercompany interconnection and access, such as mandatory co‐location, loop unbundling and line sharing, should be avoided or rapidly phased out.
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The ESPRIT SUNDIAL project ran for five years, concluding in August 1993. The objective of the project was to design and build telephone‐access spoken language interfaces to…
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The ESPRIT SUNDIAL project ran for five years, concluding in August 1993. The objective of the project was to design and build telephone‐access spoken language interfaces to computer databases. After introducing the aims and objectives of the project, the problems of specifying an interactive system are outlined and the Wizard‐of‐Oz simulation method described. The architecture of the resulting system is introduced, and system transaction success results of up to 96.6% are reported. In the final section, some implications for machine translation — particularly interpretive telephony — are identified.
Jingqiu Ren, Ryan Earl and Ernesto F. L. Amaral
Micro hospitals are a new form of for-profit health-care facility with rapid expansion in some parts of the country. They continue to grow in Texas without in-depth public…
Abstract
Purpose
Micro hospitals are a new form of for-profit health-care facility with rapid expansion in some parts of the country. They continue to grow in Texas without in-depth public understanding or explicit policy guidance on their role in the health-care system. Our project aims to define socioeconomic and demographic characteristics of areas served by micro and regular hospitals, and by doing so help assess micro hospitals' impact in expanding health-care access for disadvantaged populations in Texas.
Methodology/Approach
We (1) estimated hospital service areas (catchment areas) with a spatial model based on advanced Geographic Information System (GIS) methods using a proprietary ESRI traffic network; (2) assigned population socioeconomic measures to the catchment areas from the 2014–2018 American Community Survey 5-Year Estimates, weighted with an empirically tested Gaussian distribution; (3) used two-tailed t-tests to compare means of population characteristics between micro and regular hospital catchment areas; and (4) conducted logistic regressions to examine relationships between selected population variables and the associated odds of micro hospital presence.
Findings
We found micro hospitals in Texas tend to serve a population less stressed in health-care access compared to those who are more in need as measured by various dimensions of disadvantages.
Research Limitations/Implications
Our analysis takes a cross sectional look at the population characteristics of micro hospital service areas. Even though the initial geographic choices of micro hospitals may not reflect the long-term population changes in specific neighborhoods, our analysis can provide policy makers a tool to examine health-care access for disadvantaged populations at given point in time. As the population socioeconomic characteristics have long been associated with health-care inequality, we hope our analysis will help foster structural policy considerations that balance growing health-care delivery innovations and their social accountability.
Originality/Value of Paper
We used GIS based spatial modeling to dynamically capture the potential patient basis by travel time calculated with a street network dataset, rather than using the traditional static census tract to define hospital service areas. By integrating both spatial and nonspatial dimensions of healthcare access, we demonstrated that the policy considerations on the implications of equal opportunity for health-care access need to take into account the social realities and lived experiences of those experiencing the most vulnerability in our society, rather than a conceptual “equality” existing in the spatial and market abstraction.